Smartkarma Daily Briefs

• The recent rally has taken Seibu Holdings (9024 JP)‘ stock price to a new high. The increased market cap should result in global index inclusion in November.
• Seibu Holdings (9024 JP) has outperformed its peers by a wide margin, over the last couple of years and in the short-term.
• While there has been an increase in positioning in the stock over the last few weeks, it does not different materially from what we see in its peers.

• In this insight, we highlight stocks that have been highlighted by locals as potential inclusion/exclusion candidates in KOSPI200 and major global index rebalance in 4Q25.
• The five potential inclusion candidates include Paradise, Asia Holdings, LG CNS, APR, and HD Hyundai Marine Solution. 
• The five potential exclusion candidates include TCC Steel, KG Mobility, Dentium, Orion Corp, and LG H&H. 

• In a move that signals a sharp strategic pivot, Caterpillar has announced its intent to acquire RPMGlobal, Australia’s last publicly traded mining software company, for approximately A$1.12 billion ($728 million).
• This acquisition comes at a time when Caterpillar is riding high on strong operational performance and is transitioning toward a more service-centric, digitally driven revenue model.
• The offer of A$5 per share by Caterpillar, revealed in early September, has pushed RPMGlobal shares near their all-time highs, currently trading at A$4.75.

• AST SpaceMobile surged 16% to $86.42 in early trading after revealing a groundbreaking agreement with telecom giant Verizon to bring space-based cellular broadband service to U.S. customers by 2026.
• This announcement marks a significant validation for ASTS’s direct-to-smartphone satellite network, which aims to eliminate coverage gaps by connecting everyday devices to satellites without requiring any specialized equipment.
• The move positions AST SpaceMobile as a formidable challenger to Elon Musk’s Starlink in the rapidly evolving satellite telecom landscape.

• Hong-Wei Electrical Industry is a niche manufacturer of elevators and automatic conveyors, demonstrating a robust financial profile with accelerating revenue growth and significant margin expansion over the past three years.
• The company exhibits strong shareholder returns, evidenced by a high dividend yield and a consistent track record of substantial growth in dividends per share, supported by impressive free cash flow generation.
• While the company shows strong growth and resilience, its valuation appears less attractive on a price-to-book basis compared to peers, and it faces risks inherent to the cyclical nature of the machinery and construction industries.

This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

• The Chartist reports shares in Mineral Resources have seen their low, with risk now shifting to more upside.

• Tenneco Clean Air India Ltd (1880671D IN) is looking to raise about US$350m in its upcoming India IPO.
• Tenneco Clean Air India (TCAIL) designs and manufactures clean air, powertrain, and suspension solutions for Indian OEMs, export markets, and the aftermarket, serving PVs, CVs, OHs, and industrial applications.
• In this note, we look at the company’s past performance.

• IndiGo’s Q2FY26 performance is expected to disappoint, with higher fuel prices, weak demand, and rupee depreciation sharply eroding margins and reversing the profitability momentum of recent quarters.
• Cost pressures are intensifying while yields weaken amid overcapacity and strong competition. The company’s cost advantage is narrowing, raising concerns about margin sustainability and near-term earnings visibility.
• With rising costs, currency headwinds, and pricing pressure, IndiGo’s profitability outlook appears challenging. Short-term recovery looks uncertain despite its strong balance sheet and scale advantages.

• Angle 2.20p £8.87m (AGL.L) The precision intelligence company specialising in innovative circulating tumour cell (CTC) solutions for use in research, drug development, and clinical oncology revises its business strategy.
• The Chairman, Dr Jan Groen, has moved into an executive role to lead the Company as it focuses on tight cost control, accelerated commercial progress, and a clear plan towards becoming a sustainable business.
• As part of its revised strategy, the Company proposes to change its name to Ce1LBxHealth plc to reflects the sharpened focus on the provision of high-value CTC-based precision diagnostic testing. 

After a long period of destocking by customers, discoverIE has reported a return to organic revenue growth, with Q226 organic revenue up 1% y-o-y and H126 up 0.5% y-o-y after previously reporting flat organic revenue in Q126. Organic order growth was strong in Q226, up 8% y-o-y, providing a book-to-bill above one and a strong order book for delivery in H226. With trading in line with board expectations, we maintain our earnings forecasts.

• The recent rally has taken Seibu Holdings (9024 JP)‘ stock price to a new high. The increased market cap should result in global index inclusion in November.
• Seibu Holdings (9024 JP) has outperformed its peers by a wide margin, over the last couple of years and in the short-term.
• While there has been an increase in positioning in the stock over the last few weeks, it does not different materially from what we see in its peers.

• In this insight, we highlight stocks that have been highlighted by locals as potential inclusion/exclusion candidates in KOSPI200 and major global index rebalance in 4Q25.
• The five potential inclusion candidates include Paradise, Asia Holdings, LG CNS, APR, and HD Hyundai Marine Solution. 
• The five potential exclusion candidates include TCC Steel, KG Mobility, Dentium, Orion Corp, and LG H&H. 

• In a move that signals a sharp strategic pivot, Caterpillar has announced its intent to acquire RPMGlobal, Australia’s last publicly traded mining software company, for approximately A$1.12 billion ($728 million).
• This acquisition comes at a time when Caterpillar is riding high on strong operational performance and is transitioning toward a more service-centric, digitally driven revenue model.
• The offer of A$5 per share by Caterpillar, revealed in early September, has pushed RPMGlobal shares near their all-time highs, currently trading at A$4.75.

• AST SpaceMobile surged 16% to $86.42 in early trading after revealing a groundbreaking agreement with telecom giant Verizon to bring space-based cellular broadband service to U.S. customers by 2026.
• This announcement marks a significant validation for ASTS’s direct-to-smartphone satellite network, which aims to eliminate coverage gaps by connecting everyday devices to satellites without requiring any specialized equipment.
• The move positions AST SpaceMobile as a formidable challenger to Elon Musk’s Starlink in the rapidly evolving satellite telecom landscape.

• Hong-Wei Electrical Industry is a niche manufacturer of elevators and automatic conveyors, demonstrating a robust financial profile with accelerating revenue growth and significant margin expansion over the past three years.
• The company exhibits strong shareholder returns, evidenced by a high dividend yield and a consistent track record of substantial growth in dividends per share, supported by impressive free cash flow generation.
• While the company shows strong growth and resilience, its valuation appears less attractive on a price-to-book basis compared to peers, and it faces risks inherent to the cyclical nature of the machinery and construction industries.

This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

• The Chartist reports shares in Mineral Resources have seen their low, with risk now shifting to more upside.

• Tenneco Clean Air India Ltd (1880671D IN) is looking to raise about US$350m in its upcoming India IPO.
• Tenneco Clean Air India (TCAIL) designs and manufactures clean air, powertrain, and suspension solutions for Indian OEMs, export markets, and the aftermarket, serving PVs, CVs, OHs, and industrial applications.
• In this note, we look at the company’s past performance.

• IndiGo’s Q2FY26 performance is expected to disappoint, with higher fuel prices, weak demand, and rupee depreciation sharply eroding margins and reversing the profitability momentum of recent quarters.
• Cost pressures are intensifying while yields weaken amid overcapacity and strong competition. The company’s cost advantage is narrowing, raising concerns about margin sustainability and near-term earnings visibility.
• With rising costs, currency headwinds, and pricing pressure, IndiGo’s profitability outlook appears challenging. Short-term recovery looks uncertain despite its strong balance sheet and scale advantages.

• Angle 2.20p £8.87m (AGL.L) The precision intelligence company specialising in innovative circulating tumour cell (CTC) solutions for use in research, drug development, and clinical oncology revises its business strategy.
• The Chairman, Dr Jan Groen, has moved into an executive role to lead the Company as it focuses on tight cost control, accelerated commercial progress, and a clear plan towards becoming a sustainable business.
• As part of its revised strategy, the Company proposes to change its name to Ce1LBxHealth plc to reflects the sharpened focus on the provision of high-value CTC-based precision diagnostic testing. 

After a long period of destocking by customers, discoverIE has reported a return to organic revenue growth, with Q226 organic revenue up 1% y-o-y and H126 up 0.5% y-o-y after previously reporting flat organic revenue in Q126. Organic order growth was strong in Q226, up 8% y-o-y, providing a book-to-bill above one and a strong order book for delivery in H226. With trading in line with board expectations, we maintain our earnings forecasts.