Adam Routh
Barron's
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Past articles by Adam:
Tech Stocks Lead Asia Markets Higher
Asia-Pacific markets were mostly higher on Thursday, with tech stocks leading the rebounds. Hong Kong's benchmark Hang Seng Index was 0.7% higher in mid-afternoon trading boosted by a rebound in Apple supply chain-stocks which were hit yesterday on concerns about weak demand for the iPhone X. Smartphone lens maker Sunny Optical Technology (2382.HK) jumped 4.4%, while AAC Technologies (2018.HK) ,… → Read More
Sony’s Deal with YouTube Is Music to Analyst’s Ears
Sony's (6758.JP) reported deal with YouTube is likely to provide a large boost to the Japanese conglomerate's music earnings, says Jefferies. YouTube has reached a new agreement with Sony and Universal Music Group on the royalty rates for professional music videos and user-uploaded clips, Bloomberg reported. The move will pave the way for YouTube to offer a new paid service after two years of… → Read More
Greater China Stocks: 3 Investment Themes for 2018
Greater China stocks have grown about 40% year-to-date mostly on the back of global synchronized growth. Chinese stocks grew almost 15% during the third quarter as China's economy remained resilient with GDP growing by 6.8%. Meanwhile, Hong Kong and Taiwan's economies both fared well. Overall exports from Hong Kong soared thanks to the global economic upturn. Service exports and private… → Read More
Tencent, JD.com Acquire $863 Million Stake in Vipshop
Chinese social media firm Tencent (700.HK) and e-commerce giant JD.com (JD) will team up to jointly invest a combined $863 million in Chinese discount online retailer Vipshop (VIPS). Tencent will acquire a 7% stake via the acquisition of new issued shares for USD604 million. JD.com will acquire a 5.5% stake for $259 million. Under the agreement, Tencent said it will grant Vipshop access to… → Read More
Aconex Surges 44% After Accepting $1.6 Billion Buyout Offer from Oracle
Shares in Aconex (ACX.AU) surged 44% in Monday trading after the Australian cloud-based project management company accepted a AUD1.6 billion buyout offer from Calififornia-based software giant Oracle (ORCL). Aconex said in s stock exchange filing its board had unanimously recommended the AUD7.80 per share all-cash offer. The offer price represents a 47% premium to Friday's closing price of… → Read More
Asia Stocks Sink on Fed Rate Hike
Asia-Pacific bourses were mostly lower on Thursday as investors reacted to the widely expected U.S. Fed's interest rate hike. Chinese stocks were lower as Hong Kong, which follows U.S. monetary policy decisions as its currency is pegged to the greenback, and China followed the Fed's lead and made similar interest hike moves of their own. Financial stocks dragged Hong Kong's benchmark Hang Seng… → Read More
Asia-Pacific Stocks: Japan’s Nikkei Hits Fresh 25-Year High, China/HK Rallies, Australia Edges Up
Asia-Pacific stocks were mostly higher on Monday lifted by a buoyant end to last week for U.S. markets after better-than-expected payroll data, with Chinese and Japanese stocks leading the gains. Hong Kong's benchmark Hang Seng Index closed 1.1% higher. Macau's casino stocks were among the best performers after Credit Suisse upgraded Wynn Macau, Sands China and MGM China to outperform as the… → Read More
3 Apple Supply Chain Stocks to Buy on Dip
Asia's Apple supply-chain stocks such as Sunny Optical and AAC Technologies have slumped this week amid the global selloff of technology stocks. However, Daiwa remains upbeat on smartphone camera supply chain stocks with the rise of the multi-cam trend and the emergence of 3D sensing technology, which the broker says will be the next key driver, and suggests the recent pullback in the shares… → Read More
Tech Stocks Drag Asian Shares Down
Asia-Pacific markets came under pressure on Tuesday as technology stocks across the region declined. Hong Kong's Hang Seng Index was 0.5% lower dragged down by tech and property-related stocks stocks. Tencent (700.HK) and Apple-supplier AAC Technologies (2018.HK) both fell more than 2%, while property developers Sino Land (83.HK), Country Garden (2007.HK) and Sun Hung Kai Properties (16.HK) fell… → Read More
Xiaomi Targeting $50 Billion IPO in 2018
Xiaomi, the upstart, privately held Chinese smartphone maker, is in talks with investment banks about a initial public offering as early as next year, Bloomberg reported citing people familiar with the situation. The Beijing-based company is seeking a valuation of at least USD50 billion in an offering which would likely take place in Hong Kong, according to the report. The company,led by founder… → Read More
CVS Health to Buy Aetna for $69 Billion
U.S. drugstore operator CVS Health (CVS) has agreed to buy health insurer Aetna (AET) for $69 billion in cash and stock. Under the terms of the merger agreement Aetna shareholders will receive $145.00 per share in cash and 0.8378 CVS Health shares for each Aetna share. The transaction values Aetna at approximately $207 per share or approximately $69 billion. Including the assumption of Aetna's… → Read More
Asia Stocks Dragged Lower Amid Tech Selloff
Asia-Pacific stock markets are lower on Thursday as the U.S. selloff in technology stock spilled over to Asia. Hong Kong's Hang Seng Index was 1.5% lower with only seven of the index's 40 members finishing in the green as tech and financial stocks dragged it down - Tencent (700.HK) fell more than 2.8%, Apple-supplier AAC Technologies (2018.HK) fell 6%, while insurance companies AIA Group… → Read More
China’s Factory Activity Accelerates in November
Growth in China’s manufacturing sector accelerated faster than expectations in November defying concerns about slowing growth in the world’s second largest economy. China’s official manufacturing purchasing managers’ index (PMI), a gauge of factory output, rose to 51.8 in November from 51.6 the previous month. A reading above the 50 mark indicates expansion. Consensus had been expecting a… → Read More
Asia-Pacific Markets Shrug Off North Korea’s Provocation
Chinese stock markets rebounded on Wednesday afternoon after coming under pressure in the morning, while other markets in the Asia-Pacific region shrugged off North Korea's latest intercontinental ballistic missile launch into waters off Japan overnight. Chinese stocks traded lower Wednesday morning amid ongoing concerns about potential regulation limiting southbound liquidity, but staged a… → Read More
3 Must Read Stories: N.Korea Preparing New Missile Test, China Cracks Down on Hong Kong Bound Funds, Bitcoin Bubble
North Korea could be preparing for another ballistic missile launch within the next few days. Kyodo news said that the Japanese government is on high alert after receiving radio signals which suggest the rogue nation may be about to carry out another missile test. The Japanese yen strengthened on the report. However, the details were sketchy: > But as satellite images have not shown a missile… → Read More
3 Must Read Stories: Uber Hack Clouds Valuation, Bitcoin Soars Above $9,000, Hong Kong Property Can Climb 10% Higher
The data breach at Uber Technologies could affect the price Japanese conglomerate Softbank (9984.JP) is willing to pay for the ride-hailing firm. Softbank is expected to proceed as early as this week with an offer to acquire up to a 14% stake in Uber for several billion dollars. However, the disclosure of a security breach involving 57 million Uber accounts strengthens Softbank's negotiating… → Read More
Chinese Stocks Stable After Selloff
Asia-Pacific stock markets were calm on Friday with Chinese markets steadier following Thursday's rout. China's mainland stock markets steadied following yesterday's selloff, with the Shenzhen Composite flat, while the tech-heavy ChiNext was around 0.6% down. Iris Pang, greater China economist at ING told the Wall Street Journal , that the sudden stock weakness wasn't a cause for alarm and it… → Read More
3 Must Read Stories: N.Korea Sanctions Begin to Bite, Focus on China Stocks, Amazon vs Aussie Retailers
China’s trade with North Korea fell 20% in October compared with the previous month in a sign that the tough sanctions on doing business with Kim Jong-un's regime imposed by the United Nations are taking effect. China's trade was USD335 million in October, down from USD525 million for the same period a year ago, according to Chinese customs data. As Reuters reports, it is the first data released… → Read More
3 Must Read Stories: PBoC’s $47 Billion Liquidity Injection, U.S. Tax Reform Battle Commences, Bitcoin at Record High
The People’s Bank of China injected CNY 310 billion (USD47 billion) liquidity into the banking system on Thursday, bringing the total for the week to CNY820 billion, as authorities attempt to control soaring yields on government bonds. Becky Liu, head of China macro strategy at Standard Chartered, told Bloomberg that Chinese authorities took action to improve sentiment: > “Policy makers want… → Read More
Commodity Slide Drags Asia Stocks Lower
Asian stocks came under pressure on Wednesday as declining commodity prices continued to weigh on the market. Australia's benchmark S&P/ASX 200 closed down for the fourth straight day, falling 0.6% to 5,934, with commodity and energy stocks among the worst performers. Nickel sulphide producer Western Areas (WSA.AU) fell 5.49% after the three-month price of nickel plummeted on the London… → Read More