New Zealand Professional Investment Services Firm, Forsyth Barr

Forsyth Barr

New Zealand Professional Investment Services Firm

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

Equity Bottom-Up

<ul><li>Rakon (RAK) announced it has received a takeover notice from Bourns Inc., a privately held US-based electronics company.</li><li>The proposed consideration represents a +72% premium to RAK’s undisturbed last close of NZ$0.90, and a +42% premium to our blended spot valuation.</li><li>While the notice does not constitute a formal takeover bid, it provides Bourns with twenty business days to proceed with a formal offer.</li></ul>

Rakon (RAK) announced it has received a takeover notice from Bourns Inc., a privately held US-based electronics company.The proposed consideration represents a +72% premium to RAK’s undisturbed last close of NZ$0.90, and a +42% premium to our blended spot valuation.While the notice does not constitute a formal takeover bid, it provides Bourns with twenty business days to proceed with a formal offer.

Rakon Limited NZ1.55 Per Share Takeover Notice Received

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>Skyworks Solutions, Inc. reported its third quarter fiscal 2025 results, delivering above-expectation performance in key financial metrics, including revenue, earnings per share (EPS), and free cash flow.</li><li>The company reported revenue of $965 million, which exceeded the high end of its guidance, owing to robust performance in both its Mobile and Broad Markets segments.</li><li>The earnings per share of $1.33 and free cash flow of $253 million were also above guidance, marking a solid quarter for the company.</li></ul>

Skyworks Solutions, Inc. reported its third quarter fiscal 2025 results, delivering above-expectation performance in key financial metrics, including revenue, earnings per share (EPS), and free cash flow.The company reported revenue of $965 million, which exceeded the high end of its guidance, owing to robust performance in both its Mobile and Broad Markets segments.The earnings per share of $1.33 and free cash flow of $253 million were also above guidance, marking a solid quarter for the company.

Skyworks Solutions: AI-Driven Growth in Smartphone Markets Benefiting Through Increased Sales Volume & Higher Content Per Device!

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

<ul>
<li>There are no constituent changes for the <a href="https://www.smartkarma.com/entities/vaneck-vectors-semiconductor" target="_blank" data-smartkarma-citation="entities:32807:1" rel="noopener">VanEck Vectors Semiconductor (SMH US)</a> ETF in June but there are a lot of float and capping changes.</li>
<li>Estimated one-way turnover is 2.5% resulting in a round-trip trade of US$1.2bn. Impact on the stocks is small given they are highly liquid.</li>
<li>There will be more flows in a lot of these stocks from trackers of the <a href="https://www.smartkarma.com/entities/technology-select-sector-spdr" target="_blank" data-smartkarma-citation="entities:27543:1" rel="noopener">Technology Select Sector SPDR (XLK US)</a>. <a href="https://www.smartkarma.com/entities/broadcom-inc" target="_blank" data-smartkarma-citation="entities:998:1" rel="noopener">Broadcom (AVGO US)</a> will have largest outflows.</li>
</ul>


There are no constituent changes for the VanEck Vectors Semiconductor (SMH US) ETF in June but there are a lot of float and capping changes.
Estimated one-way turnover is 2.5% resulting in a round-trip trade of US$1.2bn. Impact on the stocks is small given they are highly liquid.
There will be more flows in a lot of these stocks from trackers of the Technology Select Sector SPDR (XLK US). Broadcom (AVGO US) will have largest outflows.


MV US Listed Semiconductor 25 Index Rebalance: US$1.2bn Round-Trip Trade

<ul><li>Skyworks Solutions reported its second fiscal quarter 2025 results, highlighting both strengths and challenges within its operational landscape.</li><li>The company delivered revenue of $953 million and earnings per share of $1.24, both slightly exceeding the midpoint of their guidance.</li><li>Gross profit was $445 million, with a gross margin of 46.7%, indicating strong execution in cost management and operational efficiency.</li></ul>

Skyworks Solutions reported its second fiscal quarter 2025 results, highlighting both strengths and challenges within its operational landscape.The company delivered revenue of $953 million and earnings per share of $1.24, both slightly exceeding the midpoint of their guidance.Gross profit was $445 million, with a gross margin of 46.7%, indicating strong execution in cost management and operational efficiency.

Skyworks Solutions: Its RF Expertise In The 5G Era Is Probably Its Single Biggest Competitive Edge! – Major Drivers

<ul><li>Skyworks Solutions recently reported its first fiscal quarter of 2025, delivering results that met or surpassed expectations in key financial metrics.</li><li>The company posted a revenue of $1.068 billion, with earnings per share of $1.60 and generated a free cash flow of $338 million.</li><li>These results were slightly above the midpoint of guidance, reflecting successful revenue growth strategies, particularly across its mobile and broad markets segments.</li></ul>

Skyworks Solutions recently reported its first fiscal quarter of 2025, delivering results that met or surpassed expectations in key financial metrics.The company posted a revenue of $1.068 billion, with earnings per share of $1.60 and generated a free cash flow of $338 million.These results were slightly above the midpoint of guidance, reflecting successful revenue growth strategies, particularly across its mobile and broad markets segments.

Skyworks Solutions: Automotive Sector Expansion For Increased Connectivity & Automation!

United States

Skyworks Solutions, Inc., a wireless semiconductor company, designs and manufactures radio frequency and complete semiconductor system solutions for mobile communications applications.  The Company provides front-end modules, radio frequency subsystems, and system solutions to wireless handset and infrastructure customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Skyworks Solutions (SWKS US)

Skyworks Solutions: AI-Driven Growth in Smartphone Markets Benefiting Through Increased Sales Volume & Higher Content Per Device!

Skyworks Solutions, Inc. reported its third quarter fiscal 2025 results, delivering above-expectation performance in key financial metrics,...

Baptista Research

MV US Listed Semiconductor 25 Index Rebalance: US$1.2bn Round-Trip Trade

There are no constituent changes but float and capping changes result in an estimated one-way turnover of 2.5% and in a round-trip trade of...

Brian Freitas

Skyworks Solutions: Its RF Expertise In The 5G Era Is Probably Its Single Biggest Competitive Edge! – Major Drivers

Skyworks Solutions reported its second fiscal quarter 2025 results, highlighting both strengths and challenges within its operational...

Baptista Research

Skyworks Solutions: Automotive Sector Expansion For Increased Connectivity & Automation!

Skyworks Solutions recently reported its first fiscal quarter of 2025, delivering results that met or surpassed expectations in key financial...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)