Institutional Investor (November 27)
“Retail beef prices hit a record in July, as base demand across all grades, from prime to select, remained ‘incredibly good’…. Cattle supplies are tight and are likely to stay that way for the next few years as drought and high input prices will limit herd expansion.”
Tags: Beef prices, Cattle supplies, Demand, Drought, Grades, Herd expansion, High, Input prices, July, Prime, Record, Retail, Select, Tight
Financial Times (April 4)
The Tokyo Stock Exchange received its “biggest overhaul in 60 years,” and left many unimpressed. “The exchange is now divided into three sections—prime, standard and growth,” but “domestic and global investors said the streamlining effort was a squandered opportunity.” Prime section market cap was set at only ¥10 billion while investors had hoped for ¥100 billion. Several hundred companies that didn’t make even that low bar were still allowed exceptional entry. “To widespread disappointment, the reshuffle has not significantly raised the bar for membership, resulting in 1,839 companies qualifying for the prime section.”
Tags: Disappointment, Domestic, Global, Growth, Investors, Overhaul, Prime, Squandered Market cap, Standard, Streamlining, TSE, Unimpressed
South China Morning Post (July 30)
“Prime Hong Kong office rents have seemed to defy the laws of gravity, especially in Central where monthly rents have increased from HK$20 (US$2.56) per square foot in 2003 to almost HK$140 per square foot. In the first quarter, rents were up 6 per cent from a year ago due to supply shortages. Nevertheless we believe that the potential for further core returns is limited, as we are late in the real estate cycle.”
Tags: Core returns, Cycle, Hong Kong, Limited, Office rents, Potential, Prime, Real estate, Supply shortages
