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StreetAccount Summary - Asian Market Preview: Nikkei Futures +0.87%, Hang Seng Futures (0.91%), ASX SPI 200 +0.43%, S&P Futures +0.10%

Nov 13 ,2024

  • Synopsis:

    • Asian markets set for mixed start to Thursday trade. Futures signaling opening gains in Japan while Hang Seng futures indicating negative start. ASX advancing in initial trade. S&P 500 futures flat afterhours. Australian and New Zealand front-end bond yields tracking earlier Treasury curve steepening that followed in-line CPI. FX markets steady after dollar index rose to highest since Sep-2023. Crude down to late October lows. Gold at three-month low, down 8% month-to-date. Bitcoin back below $90K.

    • Australian employment data forecast to show moderation in headline jobs growth and unchanged unemployment rate. Recent run of hotter-than-expected prints led RBA to note labor market loosening has stalled amid continued tightness. However, data on Wednesday showed yearly wage growth fell below 4% for first time since mid-2023. RBA Governor Bullock to participate in panel discussion before the jobs data.

    • China tech earnings continue with JD.com reporting today. Outlook/guidance a focus following China stimulus developments. Commentary on Singles Day sales will be also scrutinized after Alibaba this week reported robust growth in sales and record shopper numbers. Comes after Tencent beat on bottom line on gaming growth with management also talking up capital return amid strong FCF generation.

  • Pre-open Company News:

    • 9914.TT -- Merida Industry reports Q3 EPS NT$2.31 vs FactSet NT$2.65 [10 est, NT$2.29-2.96]

    • 2603.TT -- Evergreen Marine reports Q3 EPS NT$28.75 vs FactSet NT$25.92 [5 est, NT$20.62-30.76]

    • 3045.TT -- Taiwan Mobile reports Q3 EPS NT$1.38 vs FactSet NT$1.24 [4 est, NT$0.95-1.38]

    • NSI.NA -- NSI NV holder First Sponsor Group discloses purchase of 293K shares

    • WJP.SP -- Vicom reports Q3 PATMI SG$6.8M vs year-ago SG$6.6M

    • 500164.IN -- Godrej Industries reports Q2 consolidated EPS INR8.54 vs year-ago INR2.59

    • SPRC.TB -- Star Petroleum Refining Public reports Q3 Net profit attributable (THB2.22B) vs FactSet (THB1.79B) [5 est, (THB2.03)-(1.57B)]

    • 3669.HK -- China Yongda Automobiles Services Holdings upgraded to neutral from underweight at JPMorgan

    • HANA.TB -- Hana Microelectronics Public downgraded to reduce from add at CGS International

    • C07.SP -- Jardine Cycle & Carriage issues Q3 interim management statement

    • 530813.IN -- KRBL Ltd reports Q2 consolidated EPS INR4.49 vs year-ago INR6.52 (15:16 IT)

    • 002595.CH -- Himile Mechanical Science & Technology (Shandong) initiated strong recommend at China Merchants Securities (China) (timing uncertain)

  • On Deck:

    • Hong Kong:

      • Earnings:

        • Geely Automobile Holdings (175.HK), JD Logistics (2618.HK), Lenovo Group (992.HK)

    • Japan:

      • Earnings:

        • Dentsu Group (4324.JP), Nippon Paint Holdings (4612.JP), Ebara Corp (6361.JP), Japan Post Bank (7182.JP), Mitsubishi HC Capital (8593.JP), Kintetsu Group Holdings (9041.JP), Daito Trust Construction (1878.JP), Takasago Thermal Engineering (1969.JP), MEGMILK SNOW BRAND (2270.JP), Asahi Group Holdings (2502.JP), Ai Holdings (3076.JP), MatsukiyoCocokara & Co. (3088.JP), Pressance (3254.JP), Open House Group (3288.JP), TORIDOLL Holdings (3397.JP), Hokuetsu (3865.JP), Daio Paper (3880.JP), Appier Group (4180.JP), Medley (4480.JP), DIC (4631.JP), Resorttrust (4681.JP), en Japan (4849.JP), The Yokohama Rubber (5101.JP), Daiki Aluminium Industry (5702.JP), Kyoto Financial Group (5844.JP), Topre Corp (5975.JP), AMADA Co. (6113.JP), Japan Post Holdings (6178.JP), Yamabiko (6250.JP), Nomura Micro Science (6254.JP), SMC Corp (6273.JP), Sanken Electric (6707.JP), Ferrotec Holdings (6890.JP), Kyushu Financial Group (7180.JP), JAPAN POST INSURANCE (7181.JP), Concordia Financial Group (7186.JP), Tachi-S (7239.JP), Nakanishi (7716.JP), Asahi Intecc (7747.JP), Yamazen (8051.JP), Credit Saison (8253.JP), Mitsubishi UFJ Financial (8306.JP), Sumitomo Mitsui Financial (8316.JP), Mizuho Financial (8411.JP), Dai-ichi Life (8750.JP), T&D Holdings (8795.JP), Nishi-Nippon Railroad (9031.JP), Toei Co. (9605.JP), Sundrug (9989.JP)

    • South Korea:

      • Earnings:

        • Samsung Fire & Marine Insurance Co. (000810.KS), LG Corp (003550.KS), FILA Holdings (081660.KS), Samsung Life Insurance Co. (032830.KS)

    • Australia:

      • Economic:

        • 11:00 AEST: Consumer Inflation Expectation; consensus

        • 11:30 AEST: Unemployment Rate; consensus 4.2%

        • 11:30 AEST: Employment SA; consensus +22.5K

      • Earnings:

        • Orica (ORI.AU), Australian Agricultural Co. (AAC.AU)

    • India:

      • Earnings:

        • The Bombay Burmah Trading (501425.IN), Swan Energy (503310.IN), ITI Ltd (523610.IN), Rajesh Exports (531500.IN), Bharat Dynamics (541143.IN), Hindustan Aeronautics (541154.IN), Hero MotoCorp (500182.IN), Grasim Industries (500300.IN), Ratnamani Metals & Tubes (520111.IN), Balaji Amines (530999.IN), Glenmark Pharmaceuticals (532296.IN), Sobha Ltd (532784.IN), Schneider Electric Infrastructure (534139.IN), Sammaan Capital (535789.IN), Lemon Tree Hotels (541233.IN), Anupam Rasayan India (543275.IN)

    • Singapore:

      • Earnings:

        • First Resources (EB5.SP), Prime US REIT (OXMU.SP)

    • Taiwan:

      • Earnings:

        • Hon Hai Precision Industry (2317.TT), Gigabyte Technology (2376.TT), SinoPac Financial Holdings Co. (2890.TT), Asia Vital Components (3017.TT)

    • Thailand:

      • Earnings:

        • Bangkok Commercial Asset Management Public (BAM.TB), Land & Houses Public Co. (LH.TB)

    • Philippines:

      • Earnings:

        • Alliance Global Group (AGI.PM), Citicore Renewable Energy (CREC.PM), GT Capital Holdings (GTCAP.PM)

  • Market Data:

    • Gold (Dec 24): ($1.50) or (0.06%) to $2585.00

    • WTI Crude (Dec 24): ($0.36) or (0.53%) to $68.07

    • $-¥: +0.86 or +0.55% to 155.4730

    • $-KRW: (4.82) or (0.34%) to 1403.2400

    • A$-$: (0.00) or (0.76%) to 0.6489

    • $-INR: +0.04 or +0.05% to 84.4230

    • $-CNY: (0.01) or (0.12%) to 7.2234

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