Fed Policy, Thailand, Elite Material (2383 TT), Mediatek (2454 TT), Bilibili (BILI US)
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The Five at Five newsletter is published every Friday and pulls together 5 showcase #research notes produced over the last 7-days from across the Alētheia Capital.
Here we go!
Global strategist Jonathan Wilmot kicks off this week and asks, whose camp are you in?
1) Those who think that #COVID (and the fiscal response to it) has permanently worsened the trade-off between growth and inflation.
2) Those who think that COVID has temporarily worsened the #employment/#inflation trade off.
3) Those who think the COVID shock (plus the invasion of #Ukraine) has created a one-off bump in the price level and nominal wages analogous to major war episodes.
Next up, we have an essay on #Thailand Politics from Professor Thitinan Pongsudhirak.
The fallout from the general #election continues, and in this report Professor Pongsudhirak helps explain what is going on currently, as well as the prospects for an effective #government being formed.
Now we switch to the single stock level where we see contrasting fortunes for two companies under our #technologyhardware coverage:
Skye Chen updates on Elite Material (2383 TT) and flags a company that continues to be a beneficiary of increased spending on #artificialintelligence.
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联发科技 (2454 TT) however, continues to be stuck between a rock and a hard place.
Warren Lau believes any #recovery has been further pushed out.
We conclude with #China's new economy.
It's been a volatile week.
Shawn Yang remains very selective.
His update on bilibili Group (BILI US) concludes that the latest from their investor day is nothing to write home about.
That's it for this week.
As ever, if you would like to follow up on any or all of the above, please get in touch!
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