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Gujarat's fluoropolymers industry is thriving. Fluorinated Chemicals and ICICI Securities
Net profit CAGR of 41% over FY22-24E at Gujarat Fluorochemicals (GFL) and healthy return ratios (post-tax ROCE of 21% and ROE of 25.6% in FY24E) are attractive features. While there are many applications for fluorine chemistry, ICICI Securities sees the fluoropolymers industry as particularly pro...
Asian Equities Dropped after Fed’s remarks on interest Rates.
According to the US Federal Reserve authorities they stated that to restrain interest inflation high interest rates will remain for a certain period and on Monday Asian shares dropped.
According to the report it states that Asia’s Decline is correlated with Wall Street Decline, By...
Thailand prohibits the use of cryptocurrency for payment and places restrictions on trading and investing
Thailand has stated that cryptocurrency would no longer be accepted as a form of payment for goods and services.
The Securities and Exchange Commission (SEC) said on Wednesday that the prohibition will take effect on April 1.
"The SEC creates regulations for providing ser...
Upvest, based in Berlin, is now fully licenced to provide securities and cryptocurrency
Upvest, a fintech infrastructure provider, has gained five new licences from the German federal financial regulatory body, allowing it to provide investment brokerage and custody services to B2B clients via a single API.
With the perfect storm of negative interest rates, increasing infl...
CHINA CONSUMPTION, INVESTMENT EXPECTED TO GROW IN MAY
Highlights –
- China consumption, investment expected to grow in May.
- Investments are expected to maintain fast growth momentum.
- Fixed-asset investment in the first five months to grow at around 18 percent year on year.
- China...
CHINA PBC CONDUCTS REVERSE REPOS OF 10 BILLION YUAN
Highlights –
- People’s Bank of China (PBC) set interest rate for the seven-day reverse repos at 2.2 percent.
- China's yuan weakened against a basket of currencies last week.
- China's interbank treasury bond index in net pri...
TSE CONSIDERS EXTENDING TRADING HOURS BEYOND 3 P.M
Highlights –
- TSE considers extending trading hours beyond 3 p.m.
- Securities houses and institutional investors will discuss extending the market close.
- TSE is currently operated for five hours from 9 a.m. with an hour lunch break.
BOK SAYS FOREIGN RESERVES ROSE IN APRIL 2021
Highlights –
- BOK says foreign reserves rose in April 2021.
- The record high of foreign reserves was attributed to the U.S dollar’s weakness.
- As of end-April, the country’s foreign reserves came to the US $452.3 billion.
JAPAN ESTIMATES ECONOMIC LOSS OF $9.2 BILLION OVER VIRUS EMERGENCY
Highlights –
- Japan estimates economic loss of $9.2 billion over virus emergency.
- The government's decision to extend the emergency will have a negative impact of 600 billion yen.
- The Japanese economy is expected to have plunged in...
SK INNOVATION’S SUBSIDIARY SKIET RECEIVED $73.1 BILLION AS IPO
Highlights –
- SK Innovation’s subsidiary SKIET received $73.1 billion as IPO.
- SKIET has set the IPO price at US$94.60 per share.
- SKIET supplies battery separators to major EV makers, including Tesla and Volkswagen.
- It ...
S. KOREA’S SALES IN ELS FALL MORE THAN 30% IN Q1 2021
Highlights –
- S. Korea’s sales in ELS fall more than 30% in Q1 2021.
- In Q1 the value of ELS issues came to US$16.8 billion.
- The figure was also down 10.3 percent from the 20.9 billion won from a year earlier.
- The outst...
S. KOREA’S SALES ON ELS DROP TO 30% IN Q1 2021
Highlights –
- S. Korea’s sales on ELS drop to 30% in Q1 2021.
- In Q1, the value of ELS issues recorded $16.8 billion.
- ELS based on South Korea's benchmark KOSPI tumbled 19 percent in Q1.
- As of end-march the outstan...
S. KOREAN STOCKS ESTIMATED TO MAITAIN UPWARD TREND NEXT WEEK
Highlights –
- S. Korean stocks estimated to maintain upward trend next week.
- KOSPI ended at 3,198.62 points on Friday.
- For the five sessions since Monday, KOSPI index maintained its gains.
- As of Friday, S. Korea's daily ...
WISDOMTREE ETF APPLICATION UNDER REVIEW
Highlights:
• The ETFs allows investors to invest in regulated financial products without investing in crypto directly
• US SEC has 8 applications for ETFs with them currently
The US Se...
NOMURA HOLDINGS LIKELY TO POST A LOSS DUE TO U.S TRANSACTIONS
Highlights –
- Nomura holdings likely to post a loss due to U.S transactions.
- Nomura Securities Co. estimates a claim against the U.S client to be around $2 billion.
- The company plans to cancel issuance of $3.25 billion in corporate bo...
CHINESE STOCKS FELL AFTER ANNOUNCEMENT OF NEW U.S AUDITING STANDARDS
Highlights –
- Chinese stocks fell after announcement of new U.S auditing standards.
- The move by SEC comes as the unprecedented regulatory crackdown in China on domestic technology companies.
- The SEC is said to have fast-tracked the rul...
CEASE-AND –DESIST ORDER AGAINST FRAUDULENT BINANCE FIRM
Highlights:
• The firm called Delta Crypt limited has already been warned by Philippines Securities
• The Texas securities watchdogs have issued cease and desist order
CHINA E-COMMERCE JD.COM INC. TO BUY STAKE IN SINOLINK SECURITIES
Highlights –
- China e-commerce JD.com Inc. to buy stake in Sinolink Securities.
- The e-commerce company aims to bolster its financial services operations.
- JD.com plans to buy the stake from Sinolink’s largest shareholder Yongjin G...
US-BASED CRYPTO PLATFORM COINBASE TO LAUNCH IPO
Highlight:
• Coinbase has filed for IPO listing
• It has been planning the same since December
Coinbase had been ...
US SEC: LBCC’S REGISTERED SECURITIES REVOKED
Highlights:
• LBCC changed its business from refreshment drinks to blockchain
• The firm has not filed its financial report...