Ogoshi: Reduced Semiconductor Exposure

The video discusses India's economic outlook amid COVID-19, highlighting the impact of the second wave and the government's push for structural reforms to attract FDI. It also covers preferred sectors in Asia, focusing on healthcare and cyclicals. Nomura's recovery from the Archegos debacle and its global ambitions are examined. The banking sector is analyzed, comparing the US and Asia, with a preference for emerging market banks. Finally, the semiconductor industry's outlook is discussed, considering the ongoing chip shortage and investment strategies.

What is the long-term outlook for India's economy despite the challenges posed by the second wave of the virus?

• It remains unchanged with a focus on structural reforms.

• It is dependent on short-term earnings recovery.

• It has significantly worsened due to the pandemic.

• It is entirely reliant on foreign direct investment.

Which sectors are highlighted as attractive in the region, particularly in India and Indonesia?

• Energy and Utilities

• Healthcare and Pharmaceuticals

• Technology and Real Estate

• Retail and Consumer Goods

How do emerging market banks in Asia differ from those in developed markets?

• They are more regulated by the government.

• They are less attractive in the long term.

• They are more focused on digital conversion.

• They have less quality management.

What is a key factor affecting the semiconductor industry despite strong sales?

• Lack of technological innovation.

• Rising capital expenditures.

• Overproduction of semiconductors.

• Decreasing demand for chips.

Why is there uncertainty about the future returns on investments in the semiconductor sector?

• Due to government regulations on exports.

• Owing to the high valuation levels and past performance.

• Because of fluctuating raw material costs.

• Due to a lack of skilled labor.