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Rating Change / Equity
- Uber Technologies, Inc. (UBER US) (Neutral) - Downgrade to Neutral by Nomura Research
- リフト (LYFT US) (Neutral -> Reduce) - レーティングをReduceへ引き下げ by Nomura Research
- TIS (3626 JP) (Buy from Suspended) - Investing steadily to deliver growth from 25/3 onwards by Nomura Research
- Kakao Corp. (035720 KS) (Reduce) - Downgrade to Reduce; 2024F P/E at 71x by Nomura Research
- Hotel Shilla (008770 KS) (Neutral) - Downgrade to Neutral; TP cut to KRW64,000 by Nomura Research
- Hotel Shilla (008770 KS) (Reduce) - Downgrade to Reduce; TP cut to KRW50,000 by Nomura Research
- Thailand Hospitals - Bullish for resilient growth by Nomura Research
- Okinawa Cellular Telephone (9436 JP) (Neutral from Buy) - Strong earnings but we downgrade to Neutral following rally by Nomura Research
- Apollo Tyres (APTY IN) (Reduce) - Downgrade to Reduce; peak margins priced in by Nomura Research
- Alkem Laboratories (ALKEM IN) (Neutral) - Strong 3Q on higher margins by Nomura Research
- Kakao Corp. (035720 KS) (Neutral) - Upgrade to Neutral (Erratum) by Nomura Research
- ヤマハ (7951 JP) (Buy -> Neutral) - レーティング引き下げ:中国「デフレ輸出」 by Nomura Research
- ABB India (ABB IN) (Buy) - Robust inflows; upbeat outlook by Nomura Research
- HYBE (352820 KS) (Neutral) - Downgrade to Neutral by Nomura Research
- Tong Hsing (6271 TT) (Neutral) - 4Q23 beats on GM led by RF and LEO by Nomura Research
- Kawasaki Heavy Industries (7012 JP) (Buy from Neutral) - We take positive view of growth in earnings and defense operations over longer term by Nomura Research
- Stellantis N.V. (STLAM IM) (Neutral) - Downgrade to Neutral: Fairly valued now by Nomura Research
- Cipla (CIPLA IN) (Buy) - Upgrade to Buy from Neutral; TP up to INR1,800 by Nomura Research
- Wontech (336570 KS) (Neutral) - Downgrade to Neutral with lower TP of KRW4,700 by Nomura Research
- YG Entertainment (122870 KS) (Buy) - Upgrade to Buy; lift TP to KRW61,000 by Nomura Research
- SM Entertainment (041510 KS) (Buy) - Upgrade to Buy with higher TP of KRW93,000 by Nomura Research
- Viol (335890 KS) (Buy) - Initiate coverage at Buy; TP starts at KRW10,600 by Nomura Research
- Kumagai Gumi (1861 JP) (Buy from Neutral) - Signs of improvement in margins on new orders by Nomura Research
- Anchor Report: AI Semi - Extend our AI semi cycle view beyond GB200 by Nomura Research
- Caregen (214370 KS) (Buy) - Upgrade to Buy, new TP of KRW29,000 by Nomura Research