Smartkarma AI, Smartkarma

αSK

Smartkarma AI

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Bottom-Up

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Diversified Conglomerate with Strong Performance: <a href="https://smartkarma.com/entities/loews-corp">Loews Corp</a>. operates a diversified portfolio across insurance (CNA Financial), energy (Boardwalk Pipelines), hospitality (Loews Hotels), and packaging (Altium Packaging), which provides resilience and multiple avenues for growth. The company has demonstrated strong financial performance, with recent increases in net income and revenue.</li>
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Commitment to Shareholder Returns: Loews has a long history of rewarding shareholders through consistent share repurchases, having significantly reduced its share count over the years. This, coupled with a steady dividend, underscores management's focus on returning capital to investors.</li>
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Attractive Valuation with Potential Upside: The stock is currently trading at what some analyses suggest is a discount to its intrinsic value. Several valuation models indicate a potential upside from the current price, making it an attractive proposition for value-oriented investors.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  
Diversified Conglomerate with Strong Performance: Loews Corp. operates a diversified portfolio across insurance (CNA Financial), energy (Boardwalk Pipelines), hospitality (Loews Hotels), and packaging (Altium Packaging), which provides resilience and multiple avenues for growth. The company has demonstrated strong financial performance, with recent increases in net income and revenue.
  
Commitment to Shareholder Returns: Loews has a long history of rewarding shareholders through consistent share repurchases, having significantly reduced its share count over the years. This, coupled with a steady dividend, underscores management's focus on returning capital to investors.
  
Attractive Valuation with Potential Upside: The stock is currently trading at what some analyses suggest is a discount to its intrinsic value. Several valuation models indicate a potential upside from the current price, making it an attractive proposition for value-oriented investors.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

<ul><li>Our Outperform rating is retained, with a new 2026E fair value of Bt6.85, based on a required return of 5.7%, reflecting a target PER of 17.6x (from the previous Bt7.80, based on a required return of 5.2%).</li><li>We hold a neutral view on yesterday’s analyst meeting, as the weak 2Q25 earnings were due to lower revenue per outlet in line with sluggish domestic consumption, while the company’s largely fixed cost structure weighed on profitability.</li><li>KTX has revised down our 2025-2027E core profit forecasts by 14%, 10%, and 11% to Bt189mn, Bt237mn, and Bt286mn, respectively, mainly due to adjustments to the revenue, GPM, and SG&amp;A-to-sales assumptions.</li></ul>

Our Outperform rating is retained, with a new 2026E fair value of Bt6.85, based on a required return of 5.7%, reflecting a target PER of 17.6x (from the previous Bt7.80, based on a required return of 5.2%).We hold a neutral view on yesterday’s analyst meeting, as the weak 2Q25 earnings were due to lower revenue per outlet in line with sluggish domestic consumption, while the company’s largely fixed cost structure weighed on profitability.KTX has revised down our 2025-2027E core profit forecasts by 14%, 10%, and 11% to Bt189mn, Bt237mn, and Bt286mn, respectively, mainly due to adjustments to the revenue, GPM, and SG&amp;A-to-sales assumptions.

PLUK PHAK PRAW RAK MAE Plc. (OKJ): Current Weakness Not A Long-Term Concern

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

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<li>In our 2/25/25 Compass, we discussed our expectation for near-term downside. Also said one or two 8-10% pullbacks in a given year on the SPX is common</li>
<li>And said to not be surprised if there is a test of the bottom of the range at either 5770-5850 or 5600-5670, where we would be buyers</li>
<li>The SPX had a -10.3% peak-to-trough decline, with support showing up at 5500; close enough to our 10% pullback and 5600 level. This has been a stellar buy area</li>
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In our 2/25/25 Compass, we discussed our expectation for near-term downside. Also said one or two 8-10% pullbacks in a given year on the SPX is common
And said to not be surprised if there is a test of the bottom of the range at either 5770-5850 or 5600-5670, where we would be buyers
The SPX had a -10.3% peak-to-trough decline, with support showing up at 5500; close enough to our 10% pullback and 5600 level. This has been a stellar buy area


Major Low Likely in Place on S&P 500; Bullish Outlook Intact if Above 5500-5600

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Loews Corporation reported a promising first quarter in 2024, achieving a net income of $457 million or $2.05 per share, improving from $375 million or $1.61 per share in the prior year.</li><li>This rise in net income, representing a more than 20% year-over-year increase, was driven by commendable performances from CNA and Boardwalk, along with elevated net investment income at the parent company.</li><li>The insurance subsidiary, CNA, was particularly notable, marking another quarter of solid underlying underwriting income surpassing $200 million.</li></ul>

Loews Corporation reported a promising first quarter in 2024, achieving a net income of $457 million or $2.05 per share, improving from $375 million or $1.61 per share in the prior year.This rise in net income, representing a more than 20% year-over-year increase, was driven by commendable performances from CNA and Boardwalk, along with elevated net investment income at the parent company.The insurance subsidiary, CNA, was particularly notable, marking another quarter of solid underlying underwriting income surpassing $200 million.

Loews Corporation: Initiation of Coverage - These Are Its 4 Fundamental Growth Drivers! - Financial Forecasts

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<li>The SPX, Nasdaq 100, and DJI breaking out to new all-time highs following 3-week consolidations. Russell 2000 (IWM), S&amp;P 400 (IJH), Vanguard ExtendedMarket (VXF), countless other Sectors/industries breaking out also.</li>
<li>This is classic bull market behavior. Considering market dynamics remain healthy, this is all evidence that supports our ongoing bullish outlook.</li>
<li>Software, Data Storage buys: NTAP, NTNX, DBX, VRNS, and CVLT. Investment Banking &amp; Brokerage, Mid-Cap buys: JEF, SF, EVR, MC, and LAZ</li>
</ul>


The SPX, Nasdaq 100, and DJI breaking out to new all-time highs following 3-week consolidations. Russell 2000 (IWM), S&amp;P 400 (IJH), Vanguard ExtendedMarket (VXF), countless other Sectors/industries breaking out also.
This is classic bull market behavior. Considering market dynamics remain healthy, this is all evidence that supports our ongoing bullish outlook.
Software, Data Storage buys: NTAP, NTNX, DBX, VRNS, and CVLT. Investment Banking &amp; Brokerage, Mid-Cap buys: JEF, SF, EVR, MC, and LAZ


Breakouts Proliferate; Bullish Outlook Intact; Small- And Mid-Caps to Lead?

United States

Loews Corporation is a diversified holding company.  The Company, through its subsidiaries, is involved in a variety of businesses including commercial property-casualty insurance, offshore drilling, natural gas exploration and production, operation of natural gas pipeline systems, and the operation of hotels and resorts.

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Loews Corp (L US)

Primer: Loews Corp (L US) - Sep 2025

Diversified Conglomerate with Strong Performance: Loews Corp. operates a diversified portfolio across insurance (CNA Financial), energy...

αSK

PLUK PHAK PRAW RAK MAE Plc. (OKJ): Current Weakness Not A Long-Term Concern

Our Outperform rating is retained, with a new 2026E fair value of Bt6.85, based on a required return of 5.7%, reflecting a target PER of 17.6x...

Krungthai XSpring

Major Low Likely in Place on S&P 500; Bullish Outlook Intact if Above 5500-5600

Major Low Likely in Place on $SPX; Bullish Outlook Intact if Above 5500-5600. 5670-5718 is short-term gap support; Power in hands of bulls if...

Vermilion Research

Loews Corporation: Initiation of Coverage - These Are Its 4 Fundamental Growth Drivers! - Financial Forecasts

Loews Corporation reported a promising first quarter in 2024, achieving a net income of $457 million or $2.05 per share, improving from $375...

Baptista Research

Breakouts Proliferate; Bullish Outlook Intact; Small- And Mid-Caps to Lead?

Breakouts Proliferate; Bullish Outlook Intact; Small- and Mid-Caps to Outperform? $SPX $QQQ $DJI breakout to all-time highs, $IWM $IJH $VXF,...

Vermilion Research

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