Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

Equity Bottom-Up

Hon Hai Precision Industry / Equity Bottom-Up

<ul><li>Broadcom offers hope for Samsung as Nvidia encounters difficulties, potentially shifting the balance in the semiconductor industry.</li><li>Taiwan's aerospace supply chain looks forward to expansion with new opportunities in the US market, driving optimism for future growth.</li><li>China encounters hurdles in competing with Starlink in low Earth orbit satellite technology, as tensions rise over differing approaches to innovation and development.</li></ul>

Broadcom offers hope for Samsung as Nvidia encounters difficulties, potentially shifting the balance in the semiconductor industry.Taiwan's aerospace supply chain looks forward to expansion with new opportunities in the US market, driving optimism for future growth.China encounters hurdles in competing with Starlink in low Earth orbit satellite technology, as tensions rise over differing approaches to innovation and development.

Tech Supply Chain Tracker (21-Jan-2025): Broadcom: Samsung's beacon vs. Nvidia.

Podcast by Joe Weisenthal & Tracy Alloway, Odd Lots

Odd Lots

Podcast by Joe Weisenthal & Tracy Alloway

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Cross Asset Strategy

<ul><li>Private credit is transforming the world of debt, creating concerns for investors and the broader economy</li><li>Chicken wing prices are volatile due to the poultry industry focusing on breast meat demand, making wings a fall-off product</li><li>Companies like Elf Bar evade FDA regulation by flooding the market with products and rebranding under different names</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>

Private credit is transforming the world of debt, creating concerns for investors and the broader economyChicken wing prices are volatile due to the poultry industry focusing on breast meat demand, making wings a fall-off productCompanies like Elf Bar evade FDA regulation by flooding the market with products and rebranding under different namesThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

The 10 Most Interesting Things We Learned on Odd Lots in 2024

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Independent Stock Specific Research

BWS Financial Inc

BWS provides independent stock specific research focused on companies with distinct value that are going through a special situation where there is a tangible catalyst not priced in. The catalyst can be anything from new product, restructuring, M&A, management change, change in business strategy, etc. BWS’s focus is to understand the change and evaluate the potential return for investors.

BWS utilizes a self formed proprietary approach in discovering stocks by putting great emphasis on deep research. BWS does generate short recommendations following a similar criteria.

<ul>
<li>TRS has three operating segments where the smallest has already been going through a sales restructuring period and we are now expecting a slowdown in TRS’s aerospace business.  </li>
<li>Aerospace had been growing at double-digit rates in recent years, but in recent months the two largest aerospace customers have been going through their own ordeals</li>
<li>TRS’s current valuation gives little value for what each segment could be worth. There have been two aerospace IPOs with similar businesses to TRS’s aerospace business. </li>
</ul>


TRS has three operating segments where the smallest has already been going through a sales restructuring period and we are now expecting a slowdown in TRS’s aerospace business.  
Aerospace had been growing at double-digit rates in recent years, but in recent months the two largest aerospace customers have been going through their own ordeals
TRS’s current valuation gives little value for what each segment could be worth. There have been two aerospace IPOs with similar businesses to TRS’s aerospace business. 


Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Thematic (Sector/Industry)

<ul><li>China is expected to be the largest national market for commercial airplane deliveries through 2043, Boeing Co. said, as the U.S. company resumed deliveries of its cash-cow 737 Max jets to Chinese airlines after a two-month pause.</li><li>Boeing predicts 43,975 new commercial airplanes will be delivered globally over the next 20 years, according to its 2024 Commercial Market Outlook released Friday. That’s up from last year’s forecast of 42,595 aircraft.</li><li>The manufacturer raised its forecast because it believes that air travel will have fully recovered from its pandemic-era slump by then, with demand even surpassing pre-pandemic levels, according to a press release about the Outlook.</li></ul>

China is expected to be the largest national market for commercial airplane deliveries through 2043, Boeing Co. said, as the U.S. company resumed deliveries of its cash-cow 737 Max jets to Chinese airlines after a two-month pause.Boeing predicts 43,975 new commercial airplanes will be delivered globally over the next 20 years, according to its 2024 Commercial Market Outlook released Friday. That’s up from last year’s forecast of 42,595 aircraft.The manufacturer raised its forecast because it believes that air travel will have fully recovered from its pandemic-era slump by then, with demand even surpassing pre-pandemic levels, according to a press release about the Outlook.

China to Be Top National Market for Aircraft in the Coming Two Decades, Boeing Predicts

European Event-Driven Analyst

Jesus Rodriguez Aguilar

Event-Driven

Spirit Aerosystems Holdings, Inc / Event-Driven

<ul>
<li>On July 1, <a href="https://www.smartkarma.com/entities/boeing-co" target="_blank" data-smartkarma-citation="entities:11957:1" rel="noopener">Boeing Co (BA US)</a> announced a definitive agreement to acquire <a href="https://www.smartkarma.com/entities/spirit-aerosystems-holdings-inc" target="_blank" data-smartkarma-citation="entities:19869:1" rel="noopener">Spirit Aerosystems Holdings, Inc (SPR US)</a> in an expected all-share deal valued at c.$4.7 billion, or $37.25/share.</li>
<li>Consideration is calculated using a floating exchange ratio ($37.25 divided by 15-day VWAP) with a collar. 0.20466 using Boeing's last closing share price, which implies 3.9% dilution for Boeing's shareholders.</li>
<li>The offer price is 6.4% above consensus price target median ($35), and reasonable, reflecting some control premium. The valuation represents 10.1x EV/2025 EBITDA based on IBES estimates. Long spread.</li>
</ul>


On July 1, Boeing Co (BA US) announced a definitive agreement to acquire Spirit Aerosystems Holdings, Inc (SPR US) in an expected all-share deal valued at c.$4.7 billion, or $37.25/share.
Consideration is calculated using a floating exchange ratio ($37.25 divided by 15-day VWAP) with a collar. 0.20466 using Boeing's last closing share price, which implies 3.9% dilution for Boeing's shareholders.
The offer price is 6.4% above consensus price target median ($35), and reasonable, reflecting some control premium. The valuation represents 10.1x EV/2025 EBITDA based on IBES estimates. Long spread.


Boeing/Spirit AeroSystems: All-Stock Deal

United States

The Boeing Company, together with its subsidiaries, develops, produces, and markets commercial jet aircraft, as well as provides related support services to the commercial airline industry worldwide.  The Company also researches, develops, produces, modifies, and supports information, space, and defense systems, including military aircraft, helicopters and space and missile systems.

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Boeing Co (BA US)

Tech Supply Chain Tracker (21-Jan-2025): Broadcom: Samsung's beacon vs. Nvidia.

Broadcom aids Samsung, Taiwan aerospace optimistic, China competes with Starlink, Huang's visit to Taiwan, China criticizes chip restrictions,...

Tech Supply Chain Tracker

The 10 Most Interesting Things We Learned on Odd Lots in 2024

Various industries, from technology to food, are experiencing significant changes and challenges driven by factors such as innovation, market...

Odd Lots

TRS: Bent Aero

TRS's aerospace segment could experience a slowdown due to operating issues at Boeing (BA) and Airbus (EADSY). We are adjusting our fourth quarter...

BWS Financial Inc

China to Be Top National Market for Aircraft in the Coming Two Decades, Boeing Predicts

China is expected to be the largest national market for commercial airplane deliveries through 2043, Boeing Co. said, as the U.S. company resumed...

Caixin Global

Boeing/Spirit AeroSystems: All-Stock Deal

Boeing announces $4.7 billion acquisition of Spirit Aerosystems, offering $37.25/share in all-share deal with 3.9% dilution for Boeing...

Jesus Rodriguez Aguilar

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Tech Supply Chain Tracker (21-Jan-2025): Broadcom: Samsung's beacon vs. Nvidia.

Broadcom aids Samsung, Taiwan aerospace optimistic, China competes with Starlink, Huang's visit to Taiwan, China criticizes chip restrictions,...

Tech Supply Chain Tracker

The 10 Most Interesting Things We Learned on Odd Lots in 2024

Various industries, from technology to food, are experiencing significant changes and challenges driven by factors such as innovation, market...

Odd Lots

TRS: Bent Aero

TRS's aerospace segment could experience a slowdown due to operating issues at Boeing (BA) and Airbus (EADSY). We are adjusting our fourth quarter...

BWS Financial Inc

China to Be Top National Market for Aircraft in the Coming Two Decades, Boeing Predicts

China is expected to be the largest national market for commercial airplane deliveries through 2043, Boeing Co. said, as the U.S. company resumed...

Caixin Global

Boeing/Spirit AeroSystems: All-Stock Deal

​Boeing announces $4.7 billion acquisition of Spirit Aerosystems, offering $37.25/share in all-share deal with 3.9% dilution for Boeing...

Jesus Rodriguez Aguilar

Boeing announces $4.7 billion acquisition of Spirit Aerosystems, offering $37.25/share in all-share deal with 3.9% dilution for Boeing...