Podcast by Dom Cooke to explore big businesses, Business Breakdowns

Business Breakdowns

Podcast by Dom Cooke to explore big businesses

Learn how companies work from the people who know them best. We do deep research and interview industry veterans, investment professionals, and corporate executives to explain the inner workings of public stocks and private businesses. For each company, we break down their history, business model, financial statements, secret sauce, and bull/bear case. We believe every business has lessons to teach us and Breakdowns is here to highlight them. Learn more and stay up to date at www.joincolossus.com.

Equity Bottom-Up

<ul><li>Finley translates unstructured credit agreements into code to streamline credit management processes</li><li>Borrowers like RAMP and ANOVA rely on Finley for tracking and automation of reporting requirements</li><li>Lenders like Trinity Capital Valley bank use Finley as a command center for debt capital data and analysis across transactions.</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Finley translates unstructured credit agreements into code to streamline credit management processesBorrowers like RAMP and ANOVA rely on Finley for tracking and automation of reporting requirementsLenders like Trinity Capital Valley bank use Finley as a command center for debt capital data and analysis across transactions.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Gaming Consoles Part 3: Nintendo - [Business Breakdowns, EP.203]

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Event-Driven

<ul>
<li>PCAOB officials concluded their Hong Kong visit last month and PCAOB is due to announce its annual judgment on whether it had adequate access to US listed China companies.</li>
<li>The Hong Kong visit was on the back of the 26th Aug 2022 announcement by PCAOB and CSRC that they had entered into an agreement with US authorities for access.</li>
<li>In this note, we'll talk about the latest developments, possible outcomes and implications.</li>
</ul>


PCAOB officials concluded their Hong Kong visit last month and PCAOB is due to announce its annual judgment on whether it had adequate access to US listed China companies.
The Hong Kong visit was on the back of the 26th Aug 2022 announcement by PCAOB and CSRC that they had entered into an agreement with US authorities for access.
In this note, we'll talk about the latest developments, possible outcomes and implications.


China ADRs Delisting - Friday Could Be Judgment Day for over US$800bn Mcap of Stocks

Japan Specialist

Mark Chadwick

<ul>
<li>Nintendo reported Q3 net revenue of JPY 277 billion, down 17% year-over-year</li>
<li>Switch hardware unit sales totalled 2.6 million, down 10% YoY, although a sequential improvement of 0.5 million units was seen due to special bundles</li>
<li>We believe the Switch 2 will be a higher-specification refresh of the existing model rather than a transformative product.</li>
</ul>


Nintendo reported Q3 net revenue of JPY 277 billion, down 17% year-over-year
Switch hardware unit sales totalled 2.6 million, down 10% YoY, although a sequential improvement of 0.5 million units was seen due to special bundles
We believe the Switch 2 will be a higher-specification refresh of the existing model rather than a transformative product.


Nintendo (7974) | Q3 Results and the Road to Switch 2

Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

<ul><li>Acer's subsidiaries are driving growth, providing resilience and optimism in the face of shifts in the PC market.</li><li>China's smartphone industry is experiencing a boom in the second quarter of 2024, indicating strong potential for growth.</li><li>A potential US ban on Chinese vehicle technology could deepen the technology rift with lasting effects, impacting various industries.</li></ul>

Acer's subsidiaries are driving growth, providing resilience and optimism in the face of shifts in the PC market.China's smartphone industry is experiencing a boom in the second quarter of 2024, indicating strong potential for growth.A potential US ban on Chinese vehicle technology could deepen the technology rift with lasting effects, impacting various industries.

Tech Supply Chain Tracker (09-Aug-2024): Acer subs drive growth, boost resilience amid PC changes.

<ul>
<li>Nintendo missed Q1 with Operating income coming in at Y54.5b (-71% YoY) vs our estimate Y116b and the street at Y94b</li>
<li>Switch 2 hardware and software units sold are now suffering from buyer fatigue as consumers await the next-gen console</li>
<li>The stock will likely fall quite sharply over the next week. Looking for good buying opportunity in anticipation of the next console cycle</li>
</ul>


Nintendo missed Q1 with Operating income coming in at Y54.5b (-71% YoY) vs our estimate Y116b and the street at Y94b
Switch 2 hardware and software units sold are now suffering from buyer fatigue as consumers await the next-gen console
The stock will likely fall quite sharply over the next week. Looking for good buying opportunity in anticipation of the next console cycle


Japan

Nintendo Co., Ltd. globally develops, manufactures and sells home-use video game hardware and software in home entertainment business.  The company also produces home-game products including cards.

Price Gauge
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Nintendo (7974 JP)

Gaming Consoles Part 3: Nintendo - [Business Breakdowns, EP.203]

Finley translates credit agreements into code for streamlined credit management, borrowers and lenders rely on Finley for tracking and automating...

Business Breakdowns

China ADRs Delisting - Friday Could Be Judgment Day for over US$800bn Mcap of Stocks

PCAOB officials concluded their Hong Kong visit last month and PCAOB is due to announce its annual judgment on whether it had adequate access to US...

Sumeet Singh

Nintendo (7974) | Q3 Results and the Road to Switch 2

Nintendo's Q3 net revenue down 17% YoY, Switch hardware sales down 10% YoY but up sequentially due to special bundles. Switch 2 expected to be a...

Mark Chadwick

Tech Supply Chain Tracker (09-Aug-2024): Acer subs drive growth, boost resilience amid PC changes.

Acer's subsidiaries grow amid PC market changes, China's smartphone market booms, potential US ban on Chinese vehicle tech, Nintendo and Sony face...

Tech Supply Chain Tracker

Nintendo (7974) | Game Over for Switch

Nintendo's Q1 operating income missed estimates, with Switch sales slowing due to buyer fatigue. Stock expected to drop, but potential buying...

Mark Chadwick

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Gaming Consoles Part 3: Nintendo - [Business Breakdowns, EP.203]

Finley translates credit agreements into code for streamlined credit management, borrowers and lenders rely on Finley for tracking and automating...

Business Breakdowns

China ADRs Delisting - Friday Could Be Judgment Day for over US$800bn Mcap of Stocks

PCAOB officials concluded their Hong Kong visit last month and PCAOB is due to announce its annual judgment on whether it had adequate access to US...

Sumeet Singh

Nintendo (7974) | Q3 Results and the Road to Switch 2

​Nintendo's Q3 net revenue down 17% YoY, Switch hardware sales down 10% YoY but up sequentially due to special bundles. Switch 2 expected to be a...

Mark Chadwick

Tech Supply Chain Tracker (09-Aug-2024): Acer subs drive growth, boost resilience amid PC changes.

Acer's subsidiaries grow amid PC market changes, China's smartphone market booms, potential US ban on Chinese vehicle tech, Nintendo and Sony face...

Tech Supply Chain Tracker

Nintendo (7974) | Game Over for Switch

​Nintendo's Q1 operating income missed estimates, with Switch sales slowing due to buyer fatigue. Stock expected to drop, but potential buying...

Mark Chadwick

Nintendo's Q3 net revenue down 17% YoY, Switch hardware sales down 10% YoY but up sequentially due to special bundles. Switch 2 expected to be a...

Nintendo's Q1 operating income missed estimates, with Switch sales slowing due to buyer fatigue. Stock expected to drop, but potential buying...