Forwarded from 한투증권 미국/중국전략 정정영
* 골드만삭스, 유럽주식 섹터 의견 조정
• 부동산 비중확대로 상향
• 유틸리티 중립으로 상향. 신에너지 주목
• 에너지 중립으로 하향
• 기초소재 축소로 하향
• 소비재/서비스 축소로 하향
高盛：上调欧洲（股市）房地产板块（的评级）至超配。上调欧洲公用事业板块至中性。建议看涨可再生能源。下调欧洲能源板块至中性。下调基础资源板块至低配。下调消费者产品与服务板块至低配。
• 부동산 비중확대로 상향
• 유틸리티 중립으로 상향. 신에너지 주목
• 에너지 중립으로 하향
• 기초소재 축소로 하향
• 소비재/서비스 축소로 하향
高盛：上调欧洲（股市）房地产板块（的评级）至超配。上调欧洲公用事业板块至中性。建议看涨可再生能源。下调欧洲能源板块至中性。下调基础资源板块至低配。下调消费者产品与服务板块至低配。
글로벌 인사이트: Standard Capital
MakeMyTrip (US:MMYT): 인도판 야놀자+티머니GO+하나투어 BY SateliteK (https://t.iss.one/SateliteK) -시가총액 64.6억 달러, NTM EV/EBIT 57.0x, NTM P/E 43.5x - 인도 호텔 기업 역사적 신고가 지속 경신 중. 소득 수준이 올라가면서 본격적으로 여행이란 상품의 수요가 창출되는 구간 - MMYT는 인도에서 항공권, 여행상품, 버스/기차티켓 토탈 서비스 업체. 미국 시장 상장된 몇 안되는…
작성자입니다.
MMYT - 1월 말 최초 매수 이후 최근까지 주가가 많이 올라서 주위에서도 관심을 더 가져주시고 계신 것으로 생각됩니다. 다만 제가 컨빅션을 가질 수 있는 주가 Range는 향후 2년간 150달러까지입니다. 생각보다 단기간 내에 100달러 이상까지 올라와 부담스러움을 느끼고 있고 당연히 중기간 추가 업사이드도 만족스럽지 못하다고 판단되어 비중을 축소하고 있다는 점 업데이트 드립니다.
이전에 말씀드렸던 리맥스홀딩스(RMAX) 및 스웨덴 인트럼(INTRUM)을 신규로 매수하고 있습니다. 인트럼은 채널에서 관련 뉴스 트래킹해왔고, 리맥스의 경우는 해당 포스트 참고하시면 될 것 같습니다.
추가로 코메르츠방크도 소액 매수했습니다. (진짜 소액)
2025/05 업데이트 - 포스팅 이후 미국 대선 이후로 RMAX와 인트럼은 오판으로 생각되어 손절하였고, 코메르츠방크는 매수 이후 1~2달 정도 시계열에서 소폭 상승으로 매도하였습니다.
감사합니다.
MMYT - 1월 말 최초 매수 이후 최근까지 주가가 많이 올라서 주위에서도 관심을 더 가져주시고 계신 것으로 생각됩니다. 다만 제가 컨빅션을 가질 수 있는 주가 Range는 향후 2년간 150달러까지입니다. 생각보다 단기간 내에 100달러 이상까지 올라와 부담스러움을 느끼고 있고 당연히 중기간 추가 업사이드도 만족스럽지 못하다고 판단되어 비중을 축소하고 있다는 점 업데이트 드립니다.
이전에 말씀드렸던 리맥스홀딩스(RMAX) 및 스웨덴 인트럼(INTRUM)을 신규로 매수하고 있습니다. 인트럼은 채널에서 관련 뉴스 트래킹해왔고, 리맥스의 경우는 해당 포스트 참고하시면 될 것 같습니다.
추가로 코메르츠방크도 소액 매수했습니다. (진짜 소액)
2025/05 업데이트 - 포스팅 이후 미국 대선 이후로 RMAX와 인트럼은 오판으로 생각되어 손절하였고, 코메르츠방크는 매수 이후 1~2달 정도 시계열에서 소폭 상승으로 매도하였습니다.
감사합니다.
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글로벌 인사이트: Standard Capital
Redfin 통계로 보는 부동산 단상
1. 주택 공급량을 월간 수요로 나눈 Months of Supply는 여전히 3개월 미만으로 집값 하락을 유도하기 벅찬 레벨이지만 점차 반등중
1. 주택 공급량을 월간 수요로 나눈 Months of Supply는 여전히 3개월 미만으로 집값 하락을 유도하기 벅찬 레벨이지만 점차 반등중
❤3
Moody's Ratings places Boeing's ratings on review for downgrade
Moody's Ratings (Moody's) has placed all of The Boeing Company's (Boeing) ratings on review for downgrade, including the Baa3 senior unsecured rating
-> 실제로 내려가면 Junk territory
https://www.moodys.com/research/Moodys-Ratings-places-Boeings-ratings-on-review-for-downgrade-Rating-Action--PR_495769
Moody's Ratings (Moody's) has placed all of The Boeing Company's (Boeing) ratings on review for downgrade, including the Baa3 senior unsecured rating
-> 실제로 내려가면 Junk territory
https://www.moodys.com/research/Moodys-Ratings-places-Boeings-ratings-on-review-for-downgrade-Rating-Action--PR_495769
👍1
Forwarded from Rerum Novarum // Intel, Breaking News, and Alerts 🇺🇸
🇺🇸⚡️- CNN is now reporting that Trump was the target of an assassination plot today
Forwarded from Market News Feed
🔸 WASHINGTON (AP) — NO INJURIES WERE REPORTED AFTER GUNSHOTS NEAR TRUMP'S GOLF CLUB IN WEST PALM BEACH, SHERIFF'S SPOKESPERSON SAYS. ...
Forwarded from Market News Feed
🔸U.S NY EMPIRE STATE MANUFACTURING INDEX (SEP) ACTUAL: 11.5 VS -4.7 PREVIOUS; EST -4.3 ...
RE/MAX NATIONAL HOUSING REPORT FOR AUGUST 2024
美 주택시장 공급/수요 불균형이 해소되는 추세임을 시사. 낮은 공급과 높은 수요 모두 정상화 수순.
- 재고 증가
- Months' supply of inventory was 2.4 in August, up from 2.2 in July and 1.7 in August 2023.
- 판매기간 증가
- Days on Market lengthened by two days over July to 38 days and was five days more than August 2023.
- 판매 감소
- ...overall number of home sales was down -3.3% compared to July 2024, and down -3.8% compared to August 2023.
- 가격 상승 둔화
- ...$440,000, down -1.1% compared to July 2024, and up 3.5% from August 2023.
美 주택시장 공급/수요 불균형이 해소되는 추세임을 시사. 낮은 공급과 높은 수요 모두 정상화 수순.
- 재고 증가
- Months' supply of inventory was 2.4 in August, up from 2.2 in July and 1.7 in August 2023.
- 판매기간 증가
- Days on Market lengthened by two days over July to 38 days and was five days more than August 2023.
- 판매 감소
- ...overall number of home sales was down -3.3% compared to July 2024, and down -3.8% compared to August 2023.
- 가격 상승 둔화
- ...$440,000, down -1.1% compared to July 2024, and up 3.5% from August 2023.
PR Newswire
RE/MAX NATIONAL HOUSING REPORT FOR AUGUST 2024
/PRNewswire/ -- August's new listings inched up 1.6% over the previous month after decreasing 9.4% in July and 5.2% in June. Up 7.9% year over year, new...
VC Deals
Paris-based Akur8, which offers an insurance pricing and reserving platform, raised a $120 million Series C led by One Peak.
Manual, a London-based men's health startup, raised £29.2 million from investors including Felix Capital, Cherry Ventures and Octopus Ventures, Sifted reported.
TeamBridge, a startup developing HR-automation software for hourly workers, secured a $28 million Series B led by Mayfield.
Workflow automation software developer 11x.ai, based in San Francisco, raised a $24 million Series A led by Benchmark.
Supermaven, a startup developing an AI-powered text editor, raised a $12 million Series A led by Bessemer Venture Partners.
Smalt, a Berlin-based training specialist for green energy installation, completed an €8 million seed round led by Noa.
PE Deals
Achilles, a UK supply chain risk-management company backed by Bridgepoint, agreed to buy Spanish supply chain management company GoSupply
London-listed auto parts supplier TI Fluid Systems rejected a takeover bid from Apollo-backed ABC Technologies worth more than £800 million.
Temasek is close to acquiring a significant minority stake in Blackstone-backed VFS Global, a Dubai-based outsourced government services provider, at a $7 billion valuation, Bloomberg reported.
Real estate finance firm North Bridge, which focuses on specific private credit lending strategies, received a minority investment from The Carlyle Group. The PE firm will also supply up to $1 billion to facilitate loans for North Bridge.
Switzerland-based cloud technology provider SoftwareOne is in talks to merge with Crayon, a Norway-based competitor. Both companies, which are publicly listed, would become private in a merger involving PE firm Apax Partners, Bloomberg reported.
London-based Mayfair Equity Partners made a €35 million investment in BizAway, an Italian B2B travel management company.
Exits & IPOs
Bain Capital is preparing for a possible sale of UK auto and home insurer Esure in a deal that could be worth at least £1 billion, Reuters reported.
Generative AI startup Typeface has acquired two companies: Treat and Narrato. Treat specializes in AI-created photo products, and Narrato uses AI in content creation.
Nouryon, a Carlyle Group-backed company producing specialty chemicals for various industries, is considering an IPO.
Natural gas company BKV Corporation has launched the IPO of its common stock. The company first filed with the SEC to go public in 2022.
BingEx, a Beijing-based online shopping delivery service company, has filed for an IPO according to SEC filings.
Fundraising
Paris-based VC firm Noteus has launched with its first fund targeted at €600 million, the Financial Times reported.
Switzerland-based LGT Capital Partners raised at least $7 billion for its latest secondaries flagship fund, Secondaries Investor reported.
Silver Point Capital has raised $4.6 billion for a new opportunistic credit fund targeted at traded credit and global restructuring.
Paris-based Akur8, which offers an insurance pricing and reserving platform, raised a $120 million Series C led by One Peak.
Manual, a London-based men's health startup, raised £29.2 million from investors including Felix Capital, Cherry Ventures and Octopus Ventures, Sifted reported.
TeamBridge, a startup developing HR-automation software for hourly workers, secured a $28 million Series B led by Mayfield.
Workflow automation software developer 11x.ai, based in San Francisco, raised a $24 million Series A led by Benchmark.
Supermaven, a startup developing an AI-powered text editor, raised a $12 million Series A led by Bessemer Venture Partners.
Smalt, a Berlin-based training specialist for green energy installation, completed an €8 million seed round led by Noa.
PE Deals
Achilles, a UK supply chain risk-management company backed by Bridgepoint, agreed to buy Spanish supply chain management company GoSupply
London-listed auto parts supplier TI Fluid Systems rejected a takeover bid from Apollo-backed ABC Technologies worth more than £800 million.
Temasek is close to acquiring a significant minority stake in Blackstone-backed VFS Global, a Dubai-based outsourced government services provider, at a $7 billion valuation, Bloomberg reported.
Real estate finance firm North Bridge, which focuses on specific private credit lending strategies, received a minority investment from The Carlyle Group. The PE firm will also supply up to $1 billion to facilitate loans for North Bridge.
Switzerland-based cloud technology provider SoftwareOne is in talks to merge with Crayon, a Norway-based competitor. Both companies, which are publicly listed, would become private in a merger involving PE firm Apax Partners, Bloomberg reported.
London-based Mayfair Equity Partners made a €35 million investment in BizAway, an Italian B2B travel management company.
Exits & IPOs
Bain Capital is preparing for a possible sale of UK auto and home insurer Esure in a deal that could be worth at least £1 billion, Reuters reported.
Generative AI startup Typeface has acquired two companies: Treat and Narrato. Treat specializes in AI-created photo products, and Narrato uses AI in content creation.
Nouryon, a Carlyle Group-backed company producing specialty chemicals for various industries, is considering an IPO.
Natural gas company BKV Corporation has launched the IPO of its common stock. The company first filed with the SEC to go public in 2022.
BingEx, a Beijing-based online shopping delivery service company, has filed for an IPO according to SEC filings.
Fundraising
Paris-based VC firm Noteus has launched with its first fund targeted at €600 million, the Financial Times reported.
Switzerland-based LGT Capital Partners raised at least $7 billion for its latest secondaries flagship fund, Secondaries Investor reported.
Silver Point Capital has raised $4.6 billion for a new opportunistic credit fund targeted at traded credit and global restructuring.
Forwarded from Market News Feed
US INDUSTRIAL PRODUCTION (M/M) AUG: 0.8% (EST 0.2%; PREV R -0.9%)
- CAPACITY UTILISATION (M/M): 78.0% (EST 77.9%; PREV R 77.4%)
- MANUFACTURING (SIC) PRODUCTION (M/M): 0.9% (EST 0.2%; PREV R -0.7%) ...
- CAPACITY UTILISATION (M/M): 78.0% (EST 77.9%; PREV R 77.4%)
- MANUFACTURING (SIC) PRODUCTION (M/M): 0.9% (EST 0.2%; PREV R -0.7%) ...
Shares in South Africa's OUTsurance hit record high after profit, dividend jump
- 남아공 내수, 해외 호주 부문 모두 높은 숫자의 성장폭 기록, 아일랜드 진출 본격화
- 남아공 내수, 해외 호주 부문 모두 높은 숫자의 성장폭 기록, 아일랜드 진출 본격화
Reuters
Shares in South Africa's OUTsurance hit record high after profit, dividend jump
OUTsurance Group's , shares hit a record high on Tuesday after South Africa's third-largest insurer by value reported a 20% jump in profit and declared a special dividend.
덴마크 운송 대기업 DSV가 도이치반 쉥커를 143억 유로에 인수
- 50억 유로의 부채와 유상증자로 자금 조달 계획
- 9/11(한국 시간 9/12) 인수 가능성 소식에 주가 급등했고 확정된 요 며칠간도 주가 소폭 상승중
- 시장은 파편화 되어있던 운송시장에서 M&A로 성장해온 DSV의 뛰어난 능력에 집중
- 오랜 기간 잘 해온 기업의 좋은 M&A는 아무리 큰 값이 들더라도 시장에서 긍정적으로 평가해준다는 사례 중 하나
참고
* DSV WINS RACE TO BUY DEUTSCHE BAHN'S SCHENKER
Denmark's DSV wins 14 bln-euro race for Deutsche Bahn's Schenker, sources say
https://www.reuters.com/markets/deals/denmarks-dsv-wins-14-bln-euro-race-deutsche-bahns-schenker-sources-say-2024-09-11/
https://t.iss.one/STANDARDCAPITAL/5963
- 50억 유로의 부채와 유상증자로 자금 조달 계획
- 9/11(한국 시간 9/12) 인수 가능성 소식에 주가 급등했고 확정된 요 며칠간도 주가 소폭 상승중
- 시장은 파편화 되어있던 운송시장에서 M&A로 성장해온 DSV의 뛰어난 능력에 집중
- 오랜 기간 잘 해온 기업의 좋은 M&A는 아무리 큰 값이 들더라도 시장에서 긍정적으로 평가해준다는 사례 중 하나
참고
* DSV WINS RACE TO BUY DEUTSCHE BAHN'S SCHENKER
Denmark's DSV wins 14 bln-euro race for Deutsche Bahn's Schenker, sources say
https://www.reuters.com/markets/deals/denmarks-dsv-wins-14-bln-euro-race-deutsche-bahns-schenker-sources-say-2024-09-11/
https://t.iss.one/STANDARDCAPITAL/5963
VC Deals
Flink, a Berlin-based grocery delivery startup, raised $150 million from investors including BOND, Mubadala and Northzone.
Hotel Engine, which operates an online hotel booking platform, raised a $140 million round led by PE firm Permira. The company is now valued at $2.1 billion.
Neurological disease treatment developer Nura Bio extended its Series A with $68 million for a total of more than $140 million led by The Column Group.
Nomic Bio, a biotech company profiling biological proteins, raised a $42 million Series B led by an unnamed life science investor.
Intezer, a specialist in AI technology for the cybersecurity industry, raised a $33 million Series C led by Norwest Venture Partners.
Wealth.com, a company developing an estate management and planning platform, raised a $30 million Series A led by GV.
Software monetization specialist Orb raised a $25 million Series B led by Mayfield.
Zevero, a London-based carbon accounting company, received a $7 million seed round led by Spiral Capital.
Timefold, a Belgian provider of planning optimization software, secured a €6 million seed investment led by Lakestar.
PE Deals
Smartsheet, an NYSE-listed provider of collaborative workplace software, is in talks to be acquired by Blackstone and Vista Equity Partners in a deal that would value the company at around $8 billion, Reuters reported.
Princeton Digital Group, a Singapore-based data center operator backed by Warburg Pincus, is considering a private fundraising of $1 billion, Bloomberg reported.
The Carlyle Group bought $300 million of equity-sharing home loans and made a strategic investment in Unison, an investment management company specializing in equity sharing.
Colorado-based work absence-management platform developer AbsenceSoft has been acquired by Luminate Capital Partners.
Serán Bioscience, an Oregon-based company providing services to biotech companies, raised over $200 million in growth financing from Bain Capital Life Sciences.
General Atlantic may partner with Saudi's SURJ Sports Investment to buy a minority stake in Europe's top basketball league EuroLeague at a €1 billion valuation, the Financial Times reported. BC Partners is also in the bidding process.
DC Capital has invested in Florida-based supply chain consulting firm C5MI.
Exits & IPOs
Wavenet, a UK-based IT service provider, is in talks to be sold by Australian PE firm Macquarie Group for around £1.2 billion, Bloomberg reported.
Evisort, a startup using AI for contract and document intelligence, has been acquired by Nasdaq-listed Workday.
London-based buyout firm Cinven agreed to sell a 15% stake in Synlab, a Germany-based medical laboratory operator, to Labcorp for €140 million.
Fundraising
German buyout firm Aurelius Group is aiming to raise €750 million for European Opportunities V, which will be launched toward the end of the year, Private Equity News reported.
Chicago-based VC firm Moderne Ventures raised over $230 million for its latest fund focused on seed to Series B-stage investments in proptech and fintech startups, Axios reported.
Investors
BlackRock, Global Infrastructure Partners, Microsoft and MGX partnered to invest in data center infrastructure to support AI companies. The Global AI Infrastructure Investment Partnership launched with $100 billion in investment potential.
Flink, a Berlin-based grocery delivery startup, raised $150 million from investors including BOND, Mubadala and Northzone.
Hotel Engine, which operates an online hotel booking platform, raised a $140 million round led by PE firm Permira. The company is now valued at $2.1 billion.
Neurological disease treatment developer Nura Bio extended its Series A with $68 million for a total of more than $140 million led by The Column Group.
Nomic Bio, a biotech company profiling biological proteins, raised a $42 million Series B led by an unnamed life science investor.
Intezer, a specialist in AI technology for the cybersecurity industry, raised a $33 million Series C led by Norwest Venture Partners.
Wealth.com, a company developing an estate management and planning platform, raised a $30 million Series A led by GV.
Software monetization specialist Orb raised a $25 million Series B led by Mayfield.
Zevero, a London-based carbon accounting company, received a $7 million seed round led by Spiral Capital.
Timefold, a Belgian provider of planning optimization software, secured a €6 million seed investment led by Lakestar.
PE Deals
Smartsheet, an NYSE-listed provider of collaborative workplace software, is in talks to be acquired by Blackstone and Vista Equity Partners in a deal that would value the company at around $8 billion, Reuters reported.
Princeton Digital Group, a Singapore-based data center operator backed by Warburg Pincus, is considering a private fundraising of $1 billion, Bloomberg reported.
The Carlyle Group bought $300 million of equity-sharing home loans and made a strategic investment in Unison, an investment management company specializing in equity sharing.
Colorado-based work absence-management platform developer AbsenceSoft has been acquired by Luminate Capital Partners.
Serán Bioscience, an Oregon-based company providing services to biotech companies, raised over $200 million in growth financing from Bain Capital Life Sciences.
General Atlantic may partner with Saudi's SURJ Sports Investment to buy a minority stake in Europe's top basketball league EuroLeague at a €1 billion valuation, the Financial Times reported. BC Partners is also in the bidding process.
DC Capital has invested in Florida-based supply chain consulting firm C5MI.
Exits & IPOs
Wavenet, a UK-based IT service provider, is in talks to be sold by Australian PE firm Macquarie Group for around £1.2 billion, Bloomberg reported.
Evisort, a startup using AI for contract and document intelligence, has been acquired by Nasdaq-listed Workday.
London-based buyout firm Cinven agreed to sell a 15% stake in Synlab, a Germany-based medical laboratory operator, to Labcorp for €140 million.
Fundraising
German buyout firm Aurelius Group is aiming to raise €750 million for European Opportunities V, which will be launched toward the end of the year, Private Equity News reported.
Chicago-based VC firm Moderne Ventures raised over $230 million for its latest fund focused on seed to Series B-stage investments in proptech and fintech startups, Axios reported.
Investors
BlackRock, Global Infrastructure Partners, Microsoft and MGX partnered to invest in data center infrastructure to support AI companies. The Global AI Infrastructure Investment Partnership launched with $100 billion in investment potential.
성명문 중요 내용은 이거 하나로 끝일듯
The Committee has gained greater confidence that inflation is moving sustainably toward 2 percent,
The Committee has gained greater confidence that inflation is moving sustainably toward 2 percent,