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  • Article / 19 February 2018 at 8:16 GMT

    Morning Markets: Mixed signals in holiday-damped trade

    Senior Editor / Saxo Bank
    Denmark
    Morning Markets: Mixed signals in holiday-damped trade
    There's a protectionist theme to Morning Markets today, with the US tempted to curb its steel and aluminium glut by slapping tariffs on Chinese and Russian imports, and Brexit fears costing manufacturing jobs in the UK. Meanwhile, Asia's number two economy, Japan, slipped into a trade deficit last month.
    Read the article
  • 1y
    ambro ambro
    Hi Peter, where do you stand on your view on Galaxy? Big jump today.
  • Trade view / 09 October 2017 at 11:47 GMT
    Short term
    /
    Sell

    Signs of fatigue could hit HK casinos in the short term – #SaxoStrats

    Head of Equity Strategy / Saxo Bank
    Denmark
    Casino stocks have outperformed the market over the past 18 months with the Hong Kong listed shares doing very well and with Galaxy Entertainment up 160% since early 2016. But things are cooling and we are recommending selling Galaxy shares based on the stock being overvalued and a potential sentiment shift due to fewer visitors.
    Read the Trade View
    1y
    Peter Garnry Peter Garnry
    The Adidas short was not good. We misjudged the business momentum feeding into valuation/price.
    1y
    SilverRanger SilverRanger
    What's the easiest way (and preferably free) to get EV/IC and ROIC/WACC for companies?
    1y
    Peter Garnry Peter Garnry
    @SilverRanger I don't think there is an easy way at least free and public. Many numbers go into the calculation and they are typically not the ones...
  • 2y
    Juhani Huopainen Juhani Huopainen
    We can only imagine the carnage had Iceland been a member of the eurozone.
    2y
    John G Acher John G Acher
    With the economy boiling over like that, it makes me wonder how long it'll take before the Icelanders get up to some new/old tricks.
  • Video / 09 September 2016 at 9:56 GMT

    Super Mario could push Nintendo higher: Moltke-Leth

    cml
    Apple has announced that Ninendo's Super Mario is coming to the app store. More than 500 million copies of the game has been sold, and according to Christoffer Moltke-Leth, director of Global Sales Trading at Saxo Capital Markets Singapore, the effect will be bigger than Pokémon Go.

    Super Mario is a fully owned franchise of Nintendo and Moltke-Leth believes that the game will serve as an important platform and commercial for the company. He believes the game can spur interest in Nintendo's console games and push the stock price higher.
    watch video
  • Editor’s Picks / 08 August 2016 at 2:50 GMT

    Jack Ma opens wallet to Europe but not to Europeans

    Bloomberg
    China’s biggest third-party payments platform Alipay, an affiliate of Jack Ma’s Alibaba Group, is signing deals with brick and mortar retailers in Europe to bulk up its offering for Chinese tourists and expats. Marie Mawad writes the group is seeking to add extras to its mobile wallet app for Chinese travellers in France, the UK, Germany and Italy, though it has no plans to offer its services to consumers who aren’t from China.
    Read article on Bloomberg
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  • 3y
    Michael O'Neill Michael O'Neill
    Great story. The NHL can only dream of football riches
  • Editor’s Picks / 15 March 2016 at 1:10 GMT

    Chinese tourists buy Uniqlo, Coach and, more unexpectedly, Crocs

    CNBC
    Markets are fretting about China's economic health but it appears Chinese holidaymakers don't share the same concern about their own finances. And some brands are benefiting big-time. According to the China National Tourism Association, 120 million Chinese traveled abroad in 2015, up about 20% from 2014. They are venturing further away from the mainland and they are spending freely, splashing $165 bn overseas in 2014, according to the latest data from the United Nations World Tourism Organization.
    Read article on CNBC
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  • Editor’s Picks / 10 March 2016 at 1:12 GMT

    Japan's tourism boom generates demand in unlikely places

    Bloomberg
    Japan's tourism boom has created a shortage of hotels rooms and made the nation the fastest-growing market for Airbnb. Keiko Ujikane writes the rebound in tourism since the 2011 earthquake struck Japan is visible in everything from hotels upgrading their facilities to increasing sales of tour buses and record interest from people trying to become tour guides. The government expects the trend will continue until the 2020 Olympic Games in Tokyo. This is after the number of foreign visitors jumped 47% last year to almost 20 million people, and double-digit growth in the previous three years.
    Read article on Bloomberg
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