Asian Investment Conference 2023
APAC Securities Research
Original research on over 1,300 companies, with a total market capitalization of USD 17.16 trillion, including 1,217 stocks in APAC. It provides thought-provoking thematic analysis, differentiated trading ideas and coordinated global views.
Chat GPT – Unlocking the potential of large language models
ChatGPT is the Fastest Growing App Ever: OpenAI’s ChatGPT is reported to have seen growth rates that suggest it is the fastest growing tool/app in history, registering 100 million users by January 2023 after its launch in November 2022. Our report is focused on ChatGPT, OpenAI’s GPT family of models, adjacent AI use cases that may emerge by industry/sector, the AI hardware supply chain that will scale it, and finally the companies that are most likely to benefit on the back of sharply increasing AI model deployments.
Global xEV Battery Sector K-Battery: Ready for another leap
xEV demand growth in non-China to outpace that of China, benefiting KR cell makers more.
2023 ESG Outlook: APAC Chimerica to reach a Climate Compromise in the Year of the Rabbit
Lunar New Year holidays affect many APAC markets, with between two and eight days of closure. We review which markets are most affected and to what extent, so international investors can plan their trading.
Asia Pacific Thematic Strategy: Should we still worry about accidents? (Part 1)
With China reopening and upside surprises in US inflation ending, equity markets have bounced sharply. The underlying assumptions appear to be an orderly moderation of inflation and of a relatively mild recession. As demonstrated by ex-Fed Chair Bernanke, a financial market panic intensified the 2008-09 recession. Can such risks repeat? In a series of notes, we will explore faultlines along which problems might occur.
Plotting the future of Aluminium: Green capacity required, but from where?
Aluminium is vital for decarbonisation but is a heavy energy consuming industry that itself needs to be decarbonised. We expect increasing demand for aluminium for transmission grids, renewable generation, and batteries, but carbon missions are produced down the supply chain, with power generation the largest.
Asia Technology Strategy 2023 Outlook: A deeper 1H bottom to set-up a mild recovery
We expect demand weakness to persist in 1H exacerbated by continued component drawdown to re align inventory to a slower outlook, setting up a trough in tech earnings and fab utilization in 1H23.
APAC Quantitative & Systematic Strategy: 2023 outlook – Increased dispersion to drive stock-picking opportunities
As we move further into 2023, many of the key concerns that drove market weakness last year appear to be easing, especially with respect to inflationary concerns, dollar strength, high rates, Covid 19 lockdowns in China, regulatory ressures and weakness in the property market. We believe there is scope for more market dispersion this year, which should be an attractive backdrop for a thematic and stock picking oriented investment approach.
APAC Quantitative & Systematic Strategy: Capitalizing on China’s changing ownership structure
The rise of domestic Chinese institutional investors is one of the most important long-term themes in the region, in our view. A key part of this story is the dramatic rise of domestic Chinese mutual funds.
Asia Pacific Thematic Strategy: The global effects of Asia’s ageing population
Ten economies in Asia (the A-10: China, India, Indonesia, Japan, Philippines, Vietnam, Thailand, Korea, Malaysia, and Taiwan) were incrementally 50% of global GDP and 60% of exports and sent US$5 tn in capital to the world (2010-19). Will their ageing slow supply of labour and capital? For answers we combined a unique survey of 6,000 people exploring supply-side factors and exhaustive research.
