Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

Equity Bottom-Up

<ul><li>Lenovo commits $1B to AI advancements, strengthens F1 collaboration, showcasing innovation in technology sector.</li><li>Garmin experiences growth in SEA sales for smart wearables, indicating a maturing market and strong consumer demand.</li><li>Taiwan's Transcom gains from global surge in military spending, develops world's first open-source 6G core network, while Stellantis partners Maserati with China's Chery amidst struggles in German automotive industry.</li></ul>

Lenovo commits $1B to AI advancements, strengthens F1 collaboration, showcasing innovation in technology sector.Garmin experiences growth in SEA sales for smart wearables, indicating a maturing market and strong consumer demand.Taiwan's Transcom gains from global surge in military spending, develops world's first open-source 6G core network, while Stellantis partners Maserati with China's Chery amidst struggles in German automotive industry.

Tech Supply Chain Tracker (25-Sep-2024): Lenovo invests US$1 billion in AI over 3 years.

Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

Equity, Bottom-up Analyst

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

<ul>
<li>
<a href="https://www.smartkarma.com/entities/ferrari-n-v" target="_blank" data-smartkarma-citation="entities:21010:1" rel="noopener">Ferrari N.V. (RACE US)</a> reported another strong Q2 2024, with revenues up 16% and profits up 25% YoY. EBITDA margins expanded to 39% due to pricing/personalization(20%). </li>
<li>The company raised its guidance on revenue/EPS by 2.3%/5%, flagging Q3 would be weak as it transitions to its new ERP, but we believe the company is being conservative. </li>
<li>Trading at 48.7x FY24e, the stock seems a tad expensive, but it's up 28% YTD because of upgrades, which we believe will continue. </li>
</ul>



Ferrari N.V. (RACE US) reported another strong Q2 2024, with revenues up 16% and profits up 25% YoY. EBITDA margins expanded to 39% due to pricing/personalization(20%). 
The company raised its guidance on revenue/EPS by 2.3%/5%, flagging Q3 would be weak as it transitions to its new ERP, but we believe the company is being conservative. 
Trading at 48.7x FY24e, the stock seems a tad expensive, but it's up 28% YTD because of upgrades, which we believe will continue. 


Ferrari (RACE US) Q2 2024: Margin Uptrend Continues, No Demand Weakness

Podcast by CEO, Norges Bank Investment Management, In Good Company with Nicolai Tangen

In Good Company with Nicolai Tangen

Podcast by CEO, Norges Bank Investment Management

The CEO of the largest single investor in the world, Norges Bank Investment Management, interviews leaders of some of the largest companies in the world. You will get to know the leader, their strategy, leadership principles, and much more. Hosted on Acast. See https://www.acast.com/privacy-policy for more information.

<ul><li>Practice of committing to ownership, governance, and leadership alignment with companies similar to other respected examples like Berkshire Hathaway and the Walnbergs in Sweden</li><li>Focus on long-term thinking, staying current through innovation, and renewing oneself to ensure enduring success in business</li><li>Importance of family ownership, stability, and long-term thinking in combination with the benefits of being a public company; John Elkann's background and path to leadership within the family-owned company.</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>

Practice of committing to ownership, governance, and leadership alignment with companies similar to other respected examples like Berkshire Hathaway and the Walnbergs in SwedenFocus on long-term thinking, staying current through innovation, and renewing oneself to ensure enduring success in businessImportance of family ownership, stability, and long-term thinking in combination with the benefits of being a public company; John Elkann's background and path to leadership within the family-owned company.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Exor CEO John Elkann: Family Ownership, Football and Ferrari

Independent Sell Side Equity Research Analyst, ChartSmarter

Douglas Busch

Independent Sell Side Equity Research Analyst

ChartSmarter

ChartSmarter is a service dedicated to the art of technical analysis.

On a daily basis we write up actionable ideas on a specific, major S&P sector on both the long and short side, in an easy yet thorough way. In the notes we give precise entries and exits, while looking to capture the "meat" of a trend.

Technical Analysis.

Technical Analysis

KraneShares CSI China Internet ETF / Technical Analysis

<ul>
<li>China momentum continues with KWEB breaking out above WEEKLY double-bottom base</li>
<li>Stocks REPORTING this week that look technically sound include PDD BZ and EH</li>
<li>In-Depth look at individual leaders in Tencent Holdings, Futu Holdings, and Sony Group</li>
</ul>


China momentum continues with KWEB breaking out above WEEKLY double-bottom base
Stocks REPORTING this week that look technically sound include PDD BZ and EH
In-Depth look at individual leaders in Tencent Holdings, Futu Holdings, and Sony Group


<ul>
<li>Spanning the globe for current best-in-breed auto players shows diverging action.</li>
<li>New pair suggestion: Long Tesla/Short Rivian. Bottom could be in on TSLA</li>
<li>Updated JD.com general status from last week's China/Japan Note encouraging.</li>
</ul>


Spanning the globe for current best-in-breed auto players shows diverging action.
New pair suggestion: Long Tesla/Short Rivian. Bottom could be in on TSLA
Updated JD.com general status from last week's China/Japan Note encouraging.


Italy

Ferrari NV designs and manufactures sports cars. The Company offers new and used vehicles, warranty programs, financial supports, and maintenance, as well as watches, apparels, earphones, caps, and other accessories. Ferrari markets its products worldwide.

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Ferrari N.V. (RACE US)

Tech Supply Chain Tracker (25-Sep-2024): Lenovo invests US$1 billion in AI over 3 years.

Lenovo invests $1B in AI, Garmin sees sales boost, iPhone 16 shows strong start, military spending surges, Taiwan leads 6G, Stellantis partners...

Tech Supply Chain Tracker

Ferrari (RACE US) Q2 2024: Margin Uptrend Continues, No Demand Weakness

We summarize Ferrari's (RACE US) results for Q2 2024 as well as the post-results conference call. The stock trades at 48.7x FY24e PE but there is...

Sameer Taneja

Exor CEO John Elkann: Family Ownership, Football and Ferrari

John Elkann's leadership at Exor focuses on aligning ownership with governance and leadership in a similar fashion to Warren Buffett's Berkshire...

In Good Company with Nicolai Tangen

Red Dragon Awakening

Focusing on Chinese names that have already been leading, and these are the ones most likely to continue to do so going forward. Very specific...

Douglas Busch

International Automobile Analysis

China markets showing excellent resilience and could be a good sign for the global economy. Automobile plays that may benefit.

Douglas Busch

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