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Smartkarma Daily Briefs

Oct 08
0

Daily Brief Energy/Materials: Taekwang Industrial, Crude Oil, Corteva , SGX Rubber Future TSR20, Base Oil, Valero Energy, Chemtrade Logistics Income Fun and more

By | Daily Briefs, Energy & Materials Sector

In today’s briefing:

  • Korea’s Mandatory Treasury Share Cancellation Situation Creates New Passive Flow Dynamics
  • The Geopolitical Floor: The Impact of the Gaza Conflict on Brent Crude Prices
  • Corteva (NYSE: CTVA) To Spin-Off Its Seeds Business; Targets Sharper Focus and Valuation Upside
  • U.S. Tire Industry Navigates Growth, Tariffs, And Strategic Shifts In 2025
  • Asia base oils supply outlook: Week of 6 October
  • Valero Energy Corporation VLO: Margins Improving on All Fronts
  • Chemtrade Logistics Incm Fd (CHE.UN) – Tuesday, Jul 8, 2025
  • Americas/EMEA base oils demand outlook: Week of 6 October
  • Americas/EMEA base oils supply outlook: Week of 6 October
  • Oil futures: Crude steady as markets face conflicting signals

Korea’s Mandatory Treasury Share Cancellation Situation Creates New Passive Flow Dynamics

By Sanghyun Park

  • KRX may preemptively adjust KOSPI 200 screening, switching from full market cap to market cap excluding treasury shares for index inclusion.
  • With treasury-share cancellation likely this quarter, KRX may act before June ’26. For December KOSPI 200, we should run both full-cap and ex-treasury screens; flows could behave unusually.
  • Focusing on Hanssem (009240 KS) and Taekwang (003240 KS); borderline, high treasury shares, potential KOSPI 200 exclusion, making them key flow-sensitive setups for December reshuffle.

The Geopolitical Floor: The Impact of the Gaza Conflict on Brent Crude Prices

By Jay Cameron

  • The Gaza conflict introduces a geopolitical risk premium to Brent crude prices, counteracting bearish market fundamentals driven by oversupply and downward demand revisions.
  • Immediate price movements, such as this summer following an escalation of conflict, demonstrate the market’s sensitivity to regional tensions and the integration of a risk premium.
  • Ongoing indirect negotiations for a Gaza ceasefire and hostage release represent a potential turning point; a comprehensive resolution could diminish the geopolitical premium, allowing crude prices to adjust lower.

Corteva (NYSE: CTVA) To Spin-Off Its Seeds Business; Targets Sharper Focus and Valuation Upside

By Garvit Bhandari

  • Corteva plans to spin-off its Seeds business in to a separate publicly liated company. Parent will retain the Crop Protection business
  • The separation enables sharper focus and capital allocation between two fundamentally different businesses.
  • The seed / trait business is viewed as the higher growth, higher innovation leg (gene editing, trait licensing, intellectual property). These attributes tend to attract premium multiples.

U.S. Tire Industry Navigates Growth, Tariffs, And Strategic Shifts In 2025

By Vinod Nedumudy

  • U.S. tire shipments projected at a record 340.2 million units in 2025  
  •  Dynamics shift, with Chinese tire imports falling and SE Asian imports rising  
  • Top players pursue expansion, innovation, and portfolio revamp  

Asia base oils supply outlook: Week of 6 October

By Iain Pocock

  • Asia’s base oils price-premiums to gasoil recover amid lower crude oil prices.
  • Firmer margins, and signs of crude prices mostly holding in lower range, curb pressure on refiners to adjust base oils output.
  • Rise in Asia’s base oils supply coincides with more muted demand in China and southeast Asia and more complicated arbitrage to move heavy grades to India.

Valero Energy Corporation VLO: Margins Improving on All Fronts

By Water Tower Research

  • Valero Energy Corporation (NYSE: VLO) is one of the world’s largest and most efficient producers of downstream oil products and low-carbon transport fuels and among the best-positioned refiners for the changing energy landscape.
  • Its diversified low-carbon fuels business offers multiple future pathways for growth and its low-cost oil refining operations lead the North American refining industry on margins.
  • Operations include complex oil refining capacity of 3.2 million barrels per day in the US, Canada, and the UK, 1.2 billion gallons per year of renewable diesel (RD) and synthetic aviation fuel (SAF) capacity (joint venture [JV] with Darling Ingredients, Inc. [NYSE: DAR]), and corn ethanol capacity of 1.7 billion gallons per year in the Midwest. 

Chemtrade Logistics Incm Fd (CHE.UN) – Tuesday, Jul 8, 2025

By Value Investors Club (VIC)

Key points (machine generated)

  • Chemtrade is undervalued at a 5x EBITDA multiple with an 11% yield from dividends and buybacks.
  • The company operates in Canada, the US, and Brazil, focusing on specialty chemicals with a stable base business.
  • With strong management and improved fundamentals, Chemtrade is projected to reach $15 per share in two years, with potential upside to $20.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Americas/EMEA base oils demand outlook: Week of 6 October

By Iain Pocock

  • US base oils demand likely to stay muted.
  • Buyers could cover more of any seasonal pick-up in demand at start of Q4 with unused stocks.
  • Lack of weather-related supply disruptions in recent months likely leaves those stocks at higher-than-expected levels.

Americas/EMEA base oils supply outlook: Week of 6 October

By Iain Pocock

  • US Group II base oils prices edge up versus vacuum gasoil (VGO) as crude prices correct lower.
  • Firm, rangebound base oils margins sustain incentive for refiners to maintain high output.
  • High output in Oct 2025 would help to cushion impact of scheduled plant-maintenance.

Oil futures: Crude steady as markets face conflicting signals

By Quantum Commodity Intelligence

  • Crude oil futures Tuesday were largely consolidating early-week gains after OPEC+ agreed to a production increase at the low end of expectations, although markets continued to face mixed signals.
  • Front-month Dec25 ICE Brent futures were trading at $65.68/b (2006 BST) versus Monday’s settle of $65.47/b, while Nov25 NYMEX WTI was at $61.96/b against a previous close of $61.69/b.
  • The producer group said on Sunday it would raise quotas by 137,000 bpd in November, a move SocGen described as “a sign that markets priced in an expectation of a greater hike and, perhaps more importantly, a growing consensus that spare capacity is quite limited.”

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Oct 08
0

Daily Brief Health Care: Aimed Bio, Ainos , BioMerieux, Percheron Therapeutics , Recce Ltd, Remegen and more

By | Daily Briefs, Healthcare

In today’s briefing:

  • Aimedbio IPO Preview
  • Ainos, Inc: Announces GICS Reclassification; Secures Seven New Patents; Expands Portfolio to 123
  • BioMérieux’s Margin Masterplan — How Is the GO.28 Initiative Powering Profit Growth?
  • Percheron Therapeutics — Positive Phase I readout strengthens outlook
  • Recce Pharmaceuticals — Phase III Indonesian DFI trial underway
  • Remegen (9995 HK): 2H25 Upfront Boost; Indication Expansion Positive; Overseas Trial Results Awaited

Aimedbio IPO Preview

By Douglas Kim

  • Aimedbio is getting ready to complete its IPO in KOSDAQ in November 2025. The IPO price range is from 9,000 won to 11,000 won per share.
  • According to the bankers’ IPO price range, the expected market cap after the IPO is from 599 billion won to 732 billion won.
  • Aimedbio has advanced multiple antibody-drug conjugates (ADC) candidates into preclinical and early clinical stages.

Ainos, Inc: Announces GICS Reclassification; Secures Seven New Patents; Expands Portfolio to 123

By Water Tower Research

  • GICS reclassification. Our update report dated August 18, 2025, assumed coverage of Ainos under the WTR Technology research platform.
  • While remaining dedicated to advancing its core therapeutic program VELDONA, the report discusses Ainos’ prioritized strategic focus on the development of and commercialization pathway for its proprietary digital AI-powered olfaction platform, Al Nose.
  • Effective October 1, 2025, Ainos has been reclassified under the Global Industry Classification Standard (GICS®), developed and administered by S&P Dow Jones Indices and MSCI, from the biotechnology sector to Technology Hardware, Storage & Peripherals (Code 45202030). 

BioMérieux’s Margin Masterplan — How Is the GO.28 Initiative Powering Profit Growth?

By Baptista Research

  • bioMérieux’s first half of 2025 financial results present a mixed bag of performance indicators that provide a complex picture for potential investors.
  • On the positive side, the company reported a robust 9.4% organic sales growth, largely driven by double-digit expansions in key growth areas, including respiratory panels and nonrespiratory panels under the BIOFIRE brand.
  • This expansion was complemented by significant strides in profitability, with a 24% increase in like-for-like operating profit, culminating in an 18.2% profit margin compared to 16.4% at the end of 2023.

Percheron Therapeutics — Positive Phase I readout strengthens outlook

By Edison Investment Research

Percheron Therapeutics has reported final results from the Phase I dose escalation study of HMBD-002, its monoclonal antibody targeting VISTA, a novel immune checkpoint protein. The data confirmed the compound’s favourable safety and tolerability profile (maximum tolerated dose not reached with <10% of patients experiencing grade 3 or greater adverse events), with early signs of disease control in advanced solid tumours. The trial was not designed or sufficiently powered to demonstrate efficacy; however, evidence of stable disease (28% of cases) in an otherwise heavily pre-treated patient population (median four to five prior lines of treatment) supports Percheron’s move towards Phase II development in CY26. We expect the announcement on the Phase II design and target indications, due in Q4 CY25, as the next big catalyst for the company.

Recce Pharmaceuticals — Phase III Indonesian DFI trial underway

By Edison Investment Research

Recce has reached a key milestone with the start of patient dosing in its Phase III Indonesian-focused study of the topical gel formulation (R327G) of its lead anti-infective therapeutic drug candidate, RECCE® 327 (R327), for the treatment of diabetic foot infections (DFIs). DFIs are the leading cause of limb morbidity in diabetic patients and an area of unmet need, as currently available topical drugs have limited effectiveness. Positive Phase III results could lead to Recce’s earliest commercialisation opportunity, through a launch of R327G in South-East Asia in the DFI indication in H2 CY26. We now determine an rNPV valuation of A$600.2m (or A$2.24 per share), versus A$615.1m (or A$2.51 per share) previously.

Remegen (9995 HK): 2H25 Upfront Boost; Indication Expansion Positive; Overseas Trial Results Awaited

By Tina Banerjee

  • Remegen (9995 HK) recorded revenue of RMB 1.1B, a 48% rise YoY, driven by robust sales growth of telitacicept (treatment of autoimmune diseases) and disitamab vedotin (treatment of solid tumors).
  • Remegen entered into a license agreement with Vor Biopharma (telitacicept global rights) and Santen (RC28-E rights in China and other few countries). Upfront payments to reflect in revenues in 2H25.  
  • Vor Biopharma is conducting a global multi-center Phase III clinical trial (first patient enrolled in August 2024, in U.S) of telitacicept for the treatment of patients with myasthenia gravis (gMG).

💡 Before it’s here, it’s on Smartkarma

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  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
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Oct 08
0

Most Read: Sony Financial Group, Advantest Corp, Dongfeng Motor, Zijin Gold, Orion Breweries, Quanta Computer, FineToday Holdings, Taekwang Industrial, Tekscend Photomask and more

By | Daily Briefs, Most Read

In today’s briefing:

  • [Japan Event] Sony Financial (8729 JP) Overhang Hangs Over, Company Buys Back, ADR Selldown Awaits?
  • Advantest (6857 JP): Rally Leads to Potential NKY Capping
  • Dongfeng (489 HK): On VOYAH’s Updated Financials
  • Zijin Gold (2259 HK): 100% Surge Since IPO. What Gold Price Is Priced In Now?
  • TOPIX Inclusions: Who Is Ready (Oct 2025)
  • WisdomTree Emerging Markets High Dividend Index Rebalance: US$2.3bn Round-Trip Trade
  • FineToday Holdings (420A JP) IPO: The Investment Case
  • Korea’s Mandatory Treasury Share Cancellation Situation Creates New Passive Flow Dynamics
  • Tekscend Photomask IPO: Market Leader with Strong Prospects Ahead
  • US: Steady As She Shuts

[Japan Event] Sony Financial (8729 JP) Overhang Hangs Over, Company Buys Back, ADR Selldown Awaits?

By Travis Lundy

  • Sony Financial Group (8729 JP) listed on Monday with a “Reference Price of ¥150. It opened at ¥205, quickly running to ¥210, then fell to ¥198 by lunch. Close? ¥173.8.
  • That got a big ToSTNeT-3 buyback at ¥173.8. It traded lower on Day 2, closing at ¥164. Then lower still on Weds with another TN-3 buyback now ¥159.4. 
  • Neither buyback was full. SFGI has bought back 124mm shares. But the stock has fallen hard. ADRs/ADSs start trading Tuesday. That could see more selling. 

Advantest (6857 JP): Rally Leads to Potential NKY Capping

By Brian Freitas

Dongfeng (489 HK): On VOYAH’s Updated Financials

By David Blennerhassett

  • On the 22nd August 2025, SOE-backed Dongfeng Motor (489 HK) announced a privatisation; together with a concurrent listing of its EV arm, VOYAH.
  • Dongfeng has now released the application proof for VOYAH, with finances through to July 2025. Of interest, VOYAH is in the black for 7M25.
  • The market is implying a price-to-trailing-sales of 1.5x for VOYAH versus the basket average of 2.1x.

Zijin Gold (2259 HK): 100% Surge Since IPO. What Gold Price Is Priced In Now?

By Devi Subhakesan

  • Zijin Gold (2259 HK) , post the meteoric rise in its share price since listing last week, is now the most expensive gold miner stocks, globally, on an EV/Reserve basis.
  • Investor expectations of gold prices climbing higher, driven by the yen’s sharp drop, a U.S. government shutdown, and growing anticipation of additional Federal Reserve rate cuts, are fueling the stock.
  • For Hong Kong investors, Zijin Gold is the only pure-play, globally diversified gold miner, with expectations of index inclusion and strong demand driving its share price above fundamentals.

TOPIX Inclusions: Who Is Ready (Oct 2025)

By Janaghan Jeyakumar, CFA

  • Quiddity’s “Who is Ready” series of insights aims to objectively identify names listed on the Tokyo Stock Exchange that are potential additions to the TOPIX Index in future.
  • Section-Transfer name Japan Business Systems (5036 JP) is expected to be included in the TOPIX index at the end of October 2025.
  • New listings Orion Breweries (409A JP) and Tekscend Photomask (429A JP) are expected to be included in TOPIX at the end of October 2025 and November 2025 respectively.

WisdomTree Emerging Markets High Dividend Index Rebalance: US$2.3bn Round-Trip Trade

By Brian Freitas

  • The WisdomTree Emerging Markets High Dividend Index is a fundamentally weighted index that measures the performance of high dividend yield stocks within emerging markets.
  • The changes at the October rebalance were announced after market close on 6 October with implementation scheduled at the close on 15 October.
  • There are 217 adds and 224 deletes for the index with an estimated round-trip trade of US$2.3bn. There are many stocks with over 2x ADV to trade.

FineToday Holdings (420A JP) IPO: The Investment Case

By Arun George

  • FineToday Holdings Co Ltd (289A JP), a Japanese personal care business, is seeking to raise US$286 million. It previously pulled an IPO to raise US$500 million in December 2024.  
  • FineToday has four product categories: Hair care, Skin care, Body care and others. Hair care is the largest category, accounting for 49.0% of 1H25 revenue.
  • The investment case rests on top-tier revenue growth, top-quartile profitability, peer-leading FCF generation and manageable leverage. 

Korea’s Mandatory Treasury Share Cancellation Situation Creates New Passive Flow Dynamics

By Sanghyun Park

  • KRX may preemptively adjust KOSPI 200 screening, switching from full market cap to market cap excluding treasury shares for index inclusion.
  • With treasury-share cancellation likely this quarter, KRX may act before June ’26. For December KOSPI 200, we should run both full-cap and ex-treasury screens; flows could behave unusually.
  • Focusing on Hanssem (009240 KS) and Taekwang (003240 KS); borderline, high treasury shares, potential KOSPI 200 exclusion, making them key flow-sensitive setups for December reshuffle.

Tekscend Photomask IPO: Market Leader with Strong Prospects Ahead

By Shifara Samsudeen, FCMA, CGMA

  • Established in 2022, Tekscend Photomask (429A JP)  (previously Toppan Photomask) is the world’s leading semiconductor photomask supplier, holding a global market share of 38.9%.
  • Tekscend provides a diverse portfolio of high-precision photomasks for semiconductors, displays, MEMS, and R&D, including cutting-edge EUV masks, leveraging its expertise in microfabrication.
  • The company is planning for a listing on TSE on 16th October and plans to raise proceeds of around US$800m through a combination of existing and new share issues.

US: Steady As She Shuts

By Phil Rush

  • The US government shutdown causes vital economic data to go dark, leaving the Fed facing market pressure to blindly cut rates as priced, creating risks of policy error.
  • Both parties see strategic value in prolonging the shutdown, risking disruption that lasts well beyond historical norms. But levels will rebound when it inevitably ends.
  • In the interim, private surveys signal weakness, and this picture is unlikely to improve significantly enough to block cuts in 2025, but that won’t drive more Fed cuts in 2026.

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Oct 08
0

Daily Brief Industrials: Tiong Woon Corp Holding, Verisure Holding, Aegis Vopak Terminals, Bureau Veritas SA, Deutsche Post, FCE, Bouygues SA, Aeroports De Paris and more

By | Daily Briefs, Industrials

In today’s briefing:

  • Primer: Tiong Woon Corp Holding (TWC SP) – Oct 2025
  • Verisure: Justified Small IPO Premium to Peers Reflects Quality and Growth Profile
  • The Beat Ideas: Aegis Vopak Terminals – Leveraging the Partnership to Dominate India’s Tank Storage
  • Bureau Veritas Soars 12.7%: Inside the Explosive Growth of Its Marine & Offshore Division!
  • Deutsche Post AG – What’s News in Amsterdam
  • (07 Oct 2025) FCE<9564> — Fisco Company Research
  • Bouygues’ Telecom Growth Formula: What’s Behind Its 300,000 New Subscribers?
  • Groupe ADP’s Next Leap: How Regulation, Expansion, & Dividends Align for Long-Term Gains!

Primer: Tiong Woon Corp Holding (TWC SP) – Oct 2025

By αSK

  • Tiong Woon is a key regional player in the heavy lift and haulage industry, poised to benefit from the upswing in the petrochemical, infrastructure, and construction sectors across Southeast Asia, India, and the Middle East.
  • The company demonstrates a strong growth trajectory with a 3-year revenue CAGR of 10.08% and a net income CAGR of 19.04%, supported by a strategic focus on higher-margin, larger-capacity cranes and expansion into high-growth markets.
  • Despite a positive outlook and solid financial performance, the company faces risks from market cyclicality, project delays, and margin pressure from rising costs. Its ongoing capital expenditure cycle supports long-term growth but currently weighs on free cash flow.

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

Verisure: Justified Small IPO Premium to Peers Reflects Quality and Growth Profile

By Juan Pedro Rodríguez Serrate

  • Verisure offers a resilient, recurring-revenue model with strong growth visibility and leading share in Europe’s underpenetrated home security market. 
  • IPO valuation implies a small, justified premium to security peers, reflecting superior margins, scalability, and customer stickiness.
  • Despite high leverage, Verisure’s predictable cash flow and market leadership support solid post-IPO trading potential.

The Beat Ideas: Aegis Vopak Terminals – Leveraging the Partnership to Dominate India’s Tank Storage

By Nimish Maheshwari

  • Post its recent IPO, Aegis Vopak has rapidly expanded its LPG capacity and is strategically de-leveraging to fund its massive, long-term ‘GATI’ (Gateway Access to India) expansion pipeline.
  • As India’s largest third-party tank storage operator, the company is a critical, high-barrier-to-entry infrastructure play, directly capitalizing on the country’s surging energy, chemical, and industrial import dependence.
  • The strategic joint venture and execution focus on high-margin, sticky, and growing segments like LPG and specialty chemicals position the company for sustainable, asset-backed growth.

Bureau Veritas Soars 12.7%: Inside the Explosive Growth of Its Marine & Offshore Division!

By Baptista Research

  • Bureau Veritas, a global leader in testing, inspection, and certification services, reported its financial results for the first half of 2025 with several key highlights.
  • The firm achieved a revenue of EUR 3.2 billion, which represents an organic growth of 6.7% and a total growth of 5.7% on a reported basis.
  • This increase was driven by high volumes and strategic pricing programs.

Deutsche Post AG – What’s News in Amsterdam

By The IDEA!

  • In this edition: • Ahold Delhaize | Jumbo to largely discontinue collaboration with European buying organisations • AkzoNobel | Carlyle leading the race to buy BASF Coatings • NN Group | settlement on unit-linked insurance products now final • PostNL | minimum delivery quality thresholds for D+2 and D+3 • E-commerce & Logistics | Belgium considering EUR 2 levy on non-EU parcels

(07 Oct 2025) FCE<9564> — Fisco Company Research

By FISCO

Key points (machine generated)

  • FCE Ltd. has increased its earnings forecast for the fiscal year ending September 2025 due to strong performance and the launch of its AI agent business.
  • The company specializes in RPA software, particularly ‘RPA Robo-Pat DX,’ and offers an integrated human resource development platform called ‘Smart Boarding.’
  • FCE provides comprehensive support and services, including a business notebook for students and training programs based on ‘The 7 Habits.’

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.

Bouygues’ Telecom Growth Formula: What’s Behind Its 300,000 New Subscribers?

By Baptista Research

  • Bouygues Group reported its first half 2025 financial results amidst a challenging macroeconomic and geopolitical environment, yet the company demonstrated resilience with a slight uptick in its key financial metrics.
  • The group’s total sales increased by 1.3% year-on-year, amounting to EUR 26.9 billion, driven primarily by the robust performance in its construction segment.
  • However, on a like-for-like basis, the growth was a modest 0.7%, reflecting the broader economic uncertainties.

Groupe ADP’s Next Leap: How Regulation, Expansion, & Dividends Align for Long-Term Gains!

By Baptista Research

  • Groupe ADP’s recent earnings call for the first half of 2025 provides an in-depth look into its operational and financial performance.
  • The company reported a nearly 10% increase in revenue to EUR 3.2 billion, with recurring EBITDA surpassing EUR 1 billion, demonstrating an 8.7% growth.
  • Despite this positive operational performance, net income was impacted significantly, dropping to EUR 97 million from prior levels.

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
Sign Up for Free


Oct 08
0

Daily Brief Industrials: Tiong Woon Corp Holding, Verisure Holding, Aegis Vopak Terminals, Bureau Veritas SA, Deutsche Post, FCE, Bouygues SA, Aeroports De Paris and more

By | Daily Briefs, Industrials

In today’s briefing:

  • Primer: Tiong Woon Corp Holding (TWC SP) – Oct 2025
  • Verisure: Justified Small IPO Premium to Peers Reflects Quality and Growth Profile
  • The Beat Ideas: Aegis Vopak Terminals – Leveraging the Partnership to Dominate India’s Tank Storage
  • Bureau Veritas Soars 12.7%: Inside the Explosive Growth of Its Marine & Offshore Division!
  • Deutsche Post AG – What’s News in Amsterdam
  • (07 Oct 2025) FCE<9564> — Fisco Company Research
  • Bouygues’ Telecom Growth Formula: What’s Behind Its 300,000 New Subscribers?
  • Groupe ADP’s Next Leap: How Regulation, Expansion, & Dividends Align for Long-Term Gains!

Primer: Tiong Woon Corp Holding (TWC SP) – Oct 2025

By αSK

  • Tiong Woon is a key regional player in the heavy lift and haulage industry, poised to benefit from the upswing in the petrochemical, infrastructure, and construction sectors across Southeast Asia, India, and the Middle East.
  • The company demonstrates a strong growth trajectory with a 3-year revenue CAGR of 10.08% and a net income CAGR of 19.04%, supported by a strategic focus on higher-margin, larger-capacity cranes and expansion into high-growth markets.
  • Despite a positive outlook and solid financial performance, the company faces risks from market cyclicality, project delays, and margin pressure from rising costs. Its ongoing capital expenditure cycle supports long-term growth but currently weighs on free cash flow.

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

Verisure: Justified Small IPO Premium to Peers Reflects Quality and Growth Profile

By Juan Pedro Rodríguez Serrate

  • Verisure offers a resilient, recurring-revenue model with strong growth visibility and leading share in Europe’s underpenetrated home security market. 
  • IPO valuation implies a small, justified premium to security peers, reflecting superior margins, scalability, and customer stickiness.
  • Despite high leverage, Verisure’s predictable cash flow and market leadership support solid post-IPO trading potential.

The Beat Ideas: Aegis Vopak Terminals – Leveraging the Partnership to Dominate India’s Tank Storage

By Nimish Maheshwari

  • Post its recent IPO, Aegis Vopak has rapidly expanded its LPG capacity and is strategically de-leveraging to fund its massive, long-term ‘GATI’ (Gateway Access to India) expansion pipeline.
  • As India’s largest third-party tank storage operator, the company is a critical, high-barrier-to-entry infrastructure play, directly capitalizing on the country’s surging energy, chemical, and industrial import dependence.
  • The strategic joint venture and execution focus on high-margin, sticky, and growing segments like LPG and specialty chemicals position the company for sustainable, asset-backed growth.

Bureau Veritas Soars 12.7%: Inside the Explosive Growth of Its Marine & Offshore Division!

By Baptista Research

  • Bureau Veritas, a global leader in testing, inspection, and certification services, reported its financial results for the first half of 2025 with several key highlights.
  • The firm achieved a revenue of EUR 3.2 billion, which represents an organic growth of 6.7% and a total growth of 5.7% on a reported basis.
  • This increase was driven by high volumes and strategic pricing programs.

Deutsche Post AG – What’s News in Amsterdam

By The IDEA!

  • In this edition: • Ahold Delhaize | Jumbo to largely discontinue collaboration with European buying organisations • AkzoNobel | Carlyle leading the race to buy BASF Coatings • NN Group | settlement on unit-linked insurance products now final • PostNL | minimum delivery quality thresholds for D+2 and D+3 • E-commerce & Logistics | Belgium considering EUR 2 levy on non-EU parcels

(07 Oct 2025) FCE<9564> — Fisco Company Research

By FISCO

Key points (machine generated)

  • FCE Ltd. has increased its earnings forecast for the fiscal year ending September 2025 due to strong performance and the launch of its AI agent business.
  • The company specializes in RPA software, particularly ‘RPA Robo-Pat DX,’ and offers an integrated human resource development platform called ‘Smart Boarding.’
  • FCE provides comprehensive support and services, including a business notebook for students and training programs based on ‘The 7 Habits.’

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.

Bouygues’ Telecom Growth Formula: What’s Behind Its 300,000 New Subscribers?

By Baptista Research

  • Bouygues Group reported its first half 2025 financial results amidst a challenging macroeconomic and geopolitical environment, yet the company demonstrated resilience with a slight uptick in its key financial metrics.
  • The group’s total sales increased by 1.3% year-on-year, amounting to EUR 26.9 billion, driven primarily by the robust performance in its construction segment.
  • However, on a like-for-like basis, the growth was a modest 0.7%, reflecting the broader economic uncertainties.

Groupe ADP’s Next Leap: How Regulation, Expansion, & Dividends Align for Long-Term Gains!

By Baptista Research

  • Groupe ADP’s recent earnings call for the first half of 2025 provides an in-depth look into its operational and financial performance.
  • The company reported a nearly 10% increase in revenue to EUR 3.2 billion, with recurring EBITDA surpassing EUR 1 billion, demonstrating an 8.7% growth.
  • Despite this positive operational performance, net income was impacted significantly, dropping to EUR 97 million from prior levels.

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
Sign Up for Free


Oct 08
0

Daily Brief TMT/Internet: Quanta Computer, Advanced Micro Devices, Tekscend Photomask, Infomedia Ltd, Yext Inc, Advantest Corp, Wns Holdings Ltd Adr, Amazon, Semi-Tech Group and more

By | Daily Briefs, TMT/Internet

In today’s briefing:

  • WisdomTree Emerging Markets High Dividend Index Rebalance: US$2.3bn Round-Trip Trade
  • OpenAI, AMD Enter Into Strategic Partnership. Guys, This Is Getting Ridiculous!
  • Tekscend Photomask IPO: Market Leader with Strong Prospects Ahead
  • Infomedia (IFM AU): Scheme Vote on 18 November
  • Yext Receives Privatization Offer: Board Evaluates Strategic Alternatives Amid Potential Bidding War
  • [Quiddity Index] HUGE Rally Brings Advantest to Nikkei Capping Territory
  • Infomedia (IFM AU): 18th November Vote On TPG’s Offer
  • Capgemini–WNS: Locking in the Final Basis Points
  • Amazon: Still Riding the Tech Volatility Wave
  • Semi-Tech Group Pre-IPO Tearsheet

WisdomTree Emerging Markets High Dividend Index Rebalance: US$2.3bn Round-Trip Trade

By Brian Freitas

  • The WisdomTree Emerging Markets High Dividend Index is a fundamentally weighted index that measures the performance of high dividend yield stocks within emerging markets.
  • The changes at the October rebalance were announced after market close on 6 October with implementation scheduled at the close on 15 October.
  • There are 217 adds and 224 deletes for the index with an estimated round-trip trade of US$2.3bn. There are many stocks with over 2x ADV to trade.

OpenAI, AMD Enter Into Strategic Partnership. Guys, This Is Getting Ridiculous!

By William Keating

  • OpenAI agrees to deploy 6 gigawatts of AMD GPUs based on a multi-year, multi-generation agreement. The deal could be worth upwards of $100 billion to AMD through 2030
  • AMD issued OpenAI a warrant for up to 160 million shares of AMD common stock, structured to vest as specific milestones are achieved, including AMD share price appreciation to $600
  • Could a strategic partnership with Intel now also be on the cards? After all, OpenAI needs CPUs as well as GPUs, especially as they ramp into enterprise. Just saying…

Tekscend Photomask IPO: Market Leader with Strong Prospects Ahead

By Shifara Samsudeen, FCMA, CGMA

  • Established in 2022, Tekscend Photomask (429A JP)  (previously Toppan Photomask) is the world’s leading semiconductor photomask supplier, holding a global market share of 38.9%.
  • Tekscend provides a diverse portfolio of high-precision photomasks for semiconductors, displays, MEMS, and R&D, including cutting-edge EUV masks, leveraging its expertise in microfabrication.
  • The company is planning for a listing on TSE on 16th October and plans to raise proceeds of around US$800m through a combination of existing and new share issues.

Infomedia (IFM AU): Scheme Vote on 18 November

By Arun George

  • The Infomedia Ltd (IFM AU) IE considers TPG’s A$1.70 offer fair and reasonable, as it falls within its A$1.57 to A$1.79 valuation range.
  • The scheme is conditional on FIRB approval, German FDI approval, and shareholder approval. Shareholders should be supportive, as the offer is reasonable and Infomedia’s history of non-binding bids.
  • The scheme vote is low-risk. At the last close and for a 3 December payment, the gross/annualised spread is 1.2%/7.4%.  

Yext Receives Privatization Offer: Board Evaluates Strategic Alternatives Amid Potential Bidding War

By Special Situation Investments

  • The company received a non-binding privatization offer from the CEO at a 10% premium to pre-announcement levels.
  • A committee of independent directors is evaluating the offer and exploring other strategic alternatives, indicating the company is open to bids.
  • There is a high single-digit spread to the offer price, with limited downside due to strong recent earnings.

[Quiddity Index] HUGE Rally Brings Advantest to Nikkei Capping Territory

By Travis Lundy

  • Monday’s huge post-election move in Nikkei 225 and Advantest Corp (6857 JP) caused Advantest to clear 10.00% realtime at day-end. Assuming nothing changes til end-Jan-2026, Advantest gets capped at end-Mar-2026
  • As of today, that would be roughly 1.6x ADV and US$2.75bn but it would be 10% of Max Real World Float. 
  • This is far off but should stay on the radar. Softbank Group (9984 JP) is close behind at 8.7%. 15+% outperformance would put it in capping territory too.  

Infomedia (IFM AU): 18th November Vote On TPG’s Offer

By David Blennerhassett

  • Back on the 11th July,Infomedia Ltd (IFM AU), a automotive software firm, entered into a Scheme Implementation Deed with PE-outfit TPG.
  • TPG offered A$1.72/share, a 30% premium to last close. The Offer had the unanimous backing of Infomedia’s boards. All in, terms looked clean.
  • The Scheme Booklet is now out, with a Scheme Meeting on the 18th November, and expected implementation on the 3rd December. The IE (Grant Thornton) says “fair & reasonable“.

Capgemini–WNS: Locking in the Final Basis Points

By Jesus Rodriguez Aguilar

  • Capgemini’s $76.50 all-cash acquisition of WNS has cleared all approvals; only court sanction remains.
  • Scheme court hearing set for 9 October; settlement expected around 16 October 2025.
  • With a 0.25% gross spread, this is now a low-risk, near-cash arbitrage position.

Amazon: Still Riding the Tech Volatility Wave

By Jay Cameron

  • Amazon is navigating a dynamic tech landscape, leveraging its strong position in AI infrastructure and cloud services to drive long-term value creation and maintain a premium valuation in the market.
  • The company is making strategic investments in AI chips and foundational AI companies like Anthropic, aiming to optimize efficiency and scalability in its AWS segment.
  • Despite a current range-bound stock price, Amazon’s financial metrics and company culture approach underscore its commitment to growth and competitive advantage in the evolving tech ecosystem.

Semi-Tech Group Pre-IPO Tearsheet

By Nicholas Tan

  • Semi-Tech Group (1890554D CH) is looking to raise at least US$200m in its upcoming Hong Kong IPO. The deal will be run by Deutsche Bank, CICC and Guotai.
  • It is a leading provider of intelligent industrial software solutions in China.
  • With strong commercialization capabilities, ST is one of the few China-based advanced-industry intelligent manufacturing software companies to achieve profitability.

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Oct 08
0

Daily Brief Consumer: Orion Breweries, LG Electronics India, Suzuki Motor, FineToday Holdings, Sa Sa International Hldgs, TSE Tokyo Price Index TOPIX, Midea Group, SGX Rubber Future TSR20, The Keepers Holdings, Phu Nhuan Jewelry and more

By | Consumer, Daily Briefs

In today’s briefing:

  • TOPIX Inclusions: Who Is Ready (Oct 2025)
  • LG Electronics India IPO- Strained in Legal Heat
  • Suzuki Motor (7269 JP) – Booster Shot, Maiden EV Launch, Long-Term Growth Ahead
  • FineToday Pre-IPO – Refiling Updates
  • Sa Sa Intl (178 HK): Seemingly Too Conservative
  • Example Supporting that Disclosure of Improvement Plans and Their Effectiveness Are Separate Matters
  • Midea Group (300 HK/000333) – High Growth Is Expected to Continue in the Short Term
  • U.S. Tire Industry Navigates Growth, Tariffs, And Strategic Shifts In 2025
  • Shortlist of High Conviction Philippines Equity Ideas – October 2025
  • Primer: Phu Nhuan Jewelry (PNJ VN) – Oct 2025

TOPIX Inclusions: Who Is Ready (Oct 2025)

By Janaghan Jeyakumar, CFA

  • Quiddity’s “Who is Ready” series of insights aims to objectively identify names listed on the Tokyo Stock Exchange that are potential additions to the TOPIX Index in future.
  • Section-Transfer name Japan Business Systems (5036 JP) is expected to be included in the TOPIX index at the end of October 2025.
  • New listings Orion Breweries (409A JP) and Tekscend Photomask (429A JP) are expected to be included in TOPIX at the end of October 2025 and November 2025 respectively.

LG Electronics India IPO- Strained in Legal Heat

By Nitin Mangal

  • LG Electronics India (123D IN) much awaited INR 116.1 bn IPO is set to open for subscription this week. It’s a complete OFS by the Korean Parent.
  • While LG is the market leader, there are huge litigation liabilities ~74% of net-worth which could pose a serious threat to the financials, with particular attention to AMP spends proceedings.
  • We also find it disturbing to note that the parent has taken out 175% of the free cash flows in FY23 and FY24 as interim dividends.

Suzuki Motor (7269 JP) – Booster Shot, Maiden EV Launch, Long-Term Growth Ahead

By Sreemant Dudhoria,CFA

  • Suzuki Motor (7269 JP) had a disappointing Q1FY2025 driven by lower sales in India & Europe and impact of raw material cost and foreign exchange rates.
  • However, we expect business performance should revive in H2FY2025 driven by booster shot from India.
  • We remain positive on long term prospects of the company driven by its maiden EV launch and long term growth plans though near term valuation appears to be full.

FineToday Pre-IPO – Refiling Updates

By Sumeet Singh

  • FineToday Holdings (420A JP) (FT) is planning to raise around US$280m via selling a mix of primary and secondary shares.
  • FineToday (FT) is a beauty and personal care company in Asia offering a range of products, including hair care, skin care and body care products.
  • In our previous note, we had looked at its past performance. In this note, we will talk about the updates from its most recent filings.

Sa Sa Intl (178 HK): Seemingly Too Conservative

By Osbert Tang, CFA

  • Sa Sa International Hldgs (178 HK)‘s 1.63x P/B is near-trough level, but the recovery in earnings in FY26 (+56.4%) and improving industry figures suggest earnings have bottomed. 
  • Its 2Q FY26 turnover grew 8.4%, accelerating from 4.7% in 1Q and -9.7% in FY25. The 1H turnover equals 49.3% of FY26F (vs. 47.2% historically). We see upgrade potential.
  • With net cash amounting to 19.3% of the share price, its 15.9x and 12.4x PERs for FY26F and FY27F do not look stretched.

Example Supporting that Disclosure of Improvement Plans and Their Effectiveness Are Separate Matters

By Aki Matsumoto

  • Standard Market contains many companies with small market capitalizations and low trading liquidity, so there aren’t many companies in the Standard Market that institutional investors can consider as investment targets.
  • Standard Market has more companies with P/B below 1x and ROE below 8%, but there’s little difference between Prime Market and Standard Market in their improvements over past two years.
  • Whether companies disclosed improvement plans in response to the TSE’s request does not necessarily correlate with improvements in their P/B ratio or ROE.

Midea Group (300 HK/000333) – High Growth Is Expected to Continue in the Short Term

By Xinyao (Criss) Wang

  • Midea will achieve double-digit growth in 2025. As domestic home appliance market enters a stage of competition for existing customers, B-end market and overseas markets have become new growth keys.
  • The development path of three giants becomes clear – Midea pursues full industry chain synergy with diversified layout/digital capabilities.Haier builds a global brand matrix through high-end/localized operations.Gree is lagging behind.
  • For mature industry leading enterprises, 10-18x P/E is reasonable, or market value of RMB430-855bn based on Midea’s 2025 net profit forecast. Considering higher growth, valuation would be higher than Haier.

U.S. Tire Industry Navigates Growth, Tariffs, And Strategic Shifts In 2025

By Vinod Nedumudy

  • U.S. tire shipments projected at a record 340.2 million units in 2025  
  •  Dynamics shift, with Chinese tire imports falling and SE Asian imports rising  
  • Top players pursue expansion, innovation, and portfolio revamp  

Shortlist of High Conviction Philippines Equity Ideas – October 2025

By Sameer Taneja

Primer: Phu Nhuan Jewelry (PNJ VN) – Oct 2025

By αSK

  • Dominant Market Leader with Strong Brand Equity: PNJ is the leading jewelry manufacturer and retailer in Vietnam, possessing a significant market share, a vast retail network of over 400 stores, and strong brand recognition that allows it to command premium pricing and foster customer loyalty.
  • Favorable Long-Term Growth Drivers: The company is poised to benefit from structural tailwinds including a rising middle class, increasing urbanization, and a cultural affinity for gold. Furthermore, anticipated regulatory reforms (amendments to Decree 24) are expected to liberalize the gold market, potentially enhancing PNJ’s market dominance and ensuring a more stable supply of raw materials.
  • Attractive Valuation with Resilient Financials: Despite short-term macroeconomic headwinds, PNJ has demonstrated resilient financial performance and a strong growth track record. Analyst commentary suggests the company is trading at an attractive valuation relative to its historical averages, presenting a compelling investment opportunity given its sound fundamentals and positive long-term outlook.

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

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Oct 08
0

Daily Brief Financials: Nikkei 225, Bajaj Finance Ltd, Henderson Far East Income Ltd, Alec Holdings, Seraphim Space Investment Trust, Canara Robeco AMC, CARE Ratings, Watkin Jones, Columbus Circle Capital Corp I, Globe-ing and more

By | Daily Briefs, Financials

In today’s briefing:

  • Nikkei 225 (NKY) Tactical Outlook: Flying Too High…
  • Insider Activity: Who Bought Their Own Stock in September?
  • Primer: Henderson Far East Income Ltd (HFEL LN) – Oct 2025
  • Alec Holdings (ALEC UH): UAE’s Largest Construction Listing; Partial Global Index Inclusion
  • Seraphim Space Investment Trust PLC – Hybridan Monthly, 1 October 2025
  • Canara Robeco AMC Ltd Pre-IPO: Strong Topline Growth & Expanding Margins
  • CARE Rating’s Strategic Advantage in Q2: Navigating the Credit Boom
  • Hybridan Small Cap Feast: 30/09/2025
  • Columbus Cir Cap Crp I -Redh (CCCM) – Tuesday, Jul 8, 2025
  • (6 Oct 2025) Globe-ing(277A JP) — Fisco Company Research

Nikkei 225 (NKY) Tactical Outlook: Flying Too High…

By Nico Rosti

  • The Nikkei 225 (NKY INDEX) has reached eye-popping valuations, a 20% rally from the end of June into early October (40k to 48k).
  • Our forecast is always short-term, 3-5 weeks horizon, so we cannot say if the index will continue to rally in 2026, but right now it’s OVERBOUGHT.
  • We expect a pullback soon, you can buy the pullback, we discuss the support areas in the insight.

Insider Activity: Who Bought Their Own Stock in September?

By Sreemant Dudhoria,CFA

  • We highlight large and small cap companies that experienced significant insider buying during September 2025, as reported on the stock exchanges.
  • We also present key sectors which saw insider buying during the month along with names which have moved significantly above the insider buying price.
  • As September is a month just before the result season starts, some of these companies may highlight about improving prospects during coming quarters.

Primer: Henderson Far East Income Ltd (HFEL LN) – Oct 2025

By αSK

  • Henderson Far East Income Ltd (HFEL) is an investment trust focused on providing a high and growing annual dividend, alongside capital appreciation, from a portfolio of Asia-Pacific equities.
  • The trust is positioned to benefit from the structural growth trends in Asia, but its performance has been hampered by market volatility and its value-oriented approach, leading to a trade-off between a high yield and capital growth.
  • Key risks for investors include geopolitical tensions in the region, the inherent volatility of Asian markets, and the use of gearing which can amplify both gains and losses.

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

Alec Holdings (ALEC UH): UAE’s Largest Construction Listing; Partial Global Index Inclusion

By Dimitris Ioannidis

  • Alec Holdings (ALEC UH) is set to debut on DFM on 15 October at a valuation of $1.9bn, claiming the title of the UAE’s largest-ever construction sector listing.
  • The security is expected to be included in Global SmallCap in February 2026.
  • The security is expected to be excluded from the other Global index due to an insufficient float cap.

Seraphim Space Investment Trust PLC – Hybridan Monthly, 1 October 2025

By Hybridan

  • Hybridan Monthly, 1 October 2025 Market Comment: View from the Broker’s Desk Why you can’t compare a Defender to a Lamborghini I would always choose a Defender (90 version of course, not the Chelsea tractor new style) over a Lamborghini.
  • Whilst many will always be taken in by the allure of brighter colours, louder engines, and slender appearance, there are some that will stay loyal to the homegrown juggernaut.
  • It’s becoming an unfortunate common occurrence when you pick up the paper and read “My $1bn fintech wants to float — but London’s out of the question”.

Canara Robeco AMC Ltd Pre-IPO: Strong Topline Growth & Expanding Margins

By Hong Jie Seow

  • Canara Robeco AMC (570515Z IN) is looking to raise US$150m in its upcoming India IPO.
  • Canara Robeco has registered a CAGR of 34% and 33% in AUM and management fees, respectively, from FY22 to FY24. Profitability margins have also expanded steadily in the same period.
  • In this note, we look at the company’s past performance.

CARE Rating’s Strategic Advantage in Q2: Navigating the Credit Boom

By Sudarshan Bhandari

  • Strong recent credit off-take and a favorable interest rate environment for issuance are expected to drive a robust revenue quarter for CARE Ratings, building on its core debt rating services.
  • CareEdge’s focus on expanding its non-rating services, especially in ESG and infrastructure ratings, offers significant growth potential. 
  • The Indian credit rating sector remains a high-margin oligopoly; a Q2 beat could re-rate CARE if it signals improved pricing discipline and acceleration in its non-rating advisory vertical.

Hybridan Small Cap Feast: 30/09/2025

By Hybridan

  • 1Spatial 49p £53.74m (SPA.L) The global player in Location Master Data Management software and solutions announced that it has signed a US$1.7m annually renewing Enterprise Agreement (EA) with the California Department of Transportation.
  • The agreement consolidates multiple bilateral software licences into a single EA, simplifying the process and broadening the six-year relationship with Caltrans.
  • The Agreement also enables Caltrans to rapidly deploy additional 1Spatial licences as required, which includes annual enterprise licences of US$1.5m representing a 50% increase in licence revenue on FY25.

Columbus Cir Cap Crp I -Redh (CCCM) – Tuesday, Jul 8, 2025

By Value Investors Club (VIC)

Key points (machine generated)

  • Anthony Pompliano discusses the premium Bitcoin treasury companies are experiencing, particularly ProCap BTC LLC.
  • ProCap BTC is seen as undervalued due to a pending SPAC merger with Columbus Circle Capital Corp, despite raising over $750 million.
  • Pompliano highlights a favorable risk/reward scenario with limited downside risk of $10 and potential upside of $17.82, inviting constructive feedback.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

(6 Oct 2025) Globe-ing(277A JP) — Fisco Company Research

By FISCO

Key points (machine generated)

  • Globe-ing Inc. specializes in consulting and cloud services, focusing on SaaS solutions to enhance business strategies.
  • For FY5/25, the company reported a 97.7% revenue growth to ¥8,255 million and a 7.6 times increase in operating profit to ¥2,800 million.
  • Looking ahead, Globe-ing anticipates a 40% revenue increase for FY5/26 and plans to develop AI agents and expand its ‘Dynamic Equilibrium management’ methodology.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.

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Oct 07
0

Daily Brief Quantitative Analysis: NIFTY Index Earning Revision (Sep): Adani Enterprises and more

By | Daily Briefs, Quantitative Analysis

In today’s briefing:

  • NIFTY Index Earning Revision (Sep): Adani Enterprises, State Bank of India, Hero MotoCorp, Eternal
  • CSI 100 Index Earning Revision (Sep): GANFENG LITHIUM, CMB, Longi Green, TIANQI LITHIUM, BYD
  • CSI 300 Index Earning Revision (Sep): CHINA EASTERN AIRLINES, BYD, GREE ELECTRIC APPLIANCES

NIFTY Index Earning Revision (Sep): Adani Enterprises, State Bank of India, Hero MotoCorp, Eternal

By Ke Yan, CFA, FRM

  • We analysed the earning revision of component stocks of NIFTY in the past month.
  • We tabulated stocks with the top impact on index’s EPS, stocks’ EPS revision, and revenue revision.
  • We highlighted EPS revision on Adani Enterprises, State Bank of India, Hero MotoCorp, Eternal, InterGlobe Aviation, IndusInd Bank, Max Healthcare Institute, Interglobe Aviation, State Bank Of India, Max Healthcare Institute.

CSI 100 Index Earning Revision (Sep): GANFENG LITHIUM, CMB, Longi Green, TIANQI LITHIUM, BYD

By Ke Yan, CFA, FRM

  • We analysed the earning revision of component stocks of CSI 100 in the past month.
  • We tabulated stocks with the top impact on index’s EPS, stocks’ EPS revision, and revenue revision.
  • We highlighted EPS revision on GANFENG LITHIUM, CMB, CSSC, Longi Green, TIANQI LITHIUM, BYD, SIEYUAN ELECTRIC, CHINA SHIPBUILDING INDUSTRY, Cssc, Sieyuan Electric, BYD, China Shipbuilding Industry, Cmb, Longi Green.

CSI 300 Index Earning Revision (Sep): CHINA EASTERN AIRLINES, BYD, GREE ELECTRIC APPLIANCES

By Ke Yan, CFA, FRM

  • We analysed the earning revision of component stocks of CSI 300 in the past month.
  • We tabulated stocks with the top impact on index’s EPS, stocks’ EPS revision, and revenue revision.
  • We highlighted EPS revision on CHINA EASTERN AIRLINES, CSSC, BYD, GREE ELECTRIC APPLIANCES, NATIONAL SILICON INDUSTRY, Xinjiang Daqo, BankComm, CHINA SHIPBUILDING INDUSTRY, Cssc, BYD, China Shipbuilding Industry, Bankcomm.

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Oct 07
0

Daily Brief Australia: G8 Education, Fenix Resources , DroneShield Ltd, Cryosite Ltd, Amotiv, Metals X Ltd, Commonwealth Bank of Australia, Coro Energy PLC and more

By | Australia, Daily Briefs

In today’s briefing:

  • Primer: G8 Education (GEM AU) – Oct 2025
  • On The BHP-China Impasse: Iron Ore Will Continue To Be Over 100 USD/Ton
  • Primer: DroneShield Ltd (DRO AU) – Oct 2025
  • Hybridan Research: Coro Energy plc: Power Transition
  • Cryosite Ltd – A Chilled Gem in Australia
  • Long Amotiv (AOV AU) Vs. Short ARB (ARB AU): Statistical Arbitrage in Australian Auto Parts
  • Metals X (MLX) – Monday, Jul 7, 2025
  • CommBank Shares Poised For A Break-Out
  • Hybridan Small Cap Feast: 29/09/2025

Primer: G8 Education (GEM AU) – Oct 2025

By αSK

  • G8 Education is Australia’s largest publicly listed provider of early childhood education and care (ECEC), operating over 400 centres. The company is poised to benefit from favorable demographic trends and increasing government support for the sector.
  • Recent financial performance shows consistent revenue and net income growth, driven by improved occupancy rates and disciplined cost management. The company has also demonstrated a commitment to shareholder returns through progressively higher dividends.
  • Key strategic priorities include enhancing educational quality, improving workforce retention, and optimizing the centre network. However, the company faces significant risks from potential changes in government childcare subsidies, intense industry competition, and challenges in attracting and retaining qualified staff.

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

On The BHP-China Impasse: Iron Ore Will Continue To Be Over 100 USD/Ton

By Sameer Taneja

Primer: DroneShield Ltd (DRO AU) – Oct 2025

By αSK

  • DroneShield is a rapidly growing, pure-play specialist in the counter-unmanned aerial system (C-UAS) market, uniquely positioned to capitalize on escalating global defense and security spending.
  • The company’s proprietary AI-driven software and comprehensive product suite, ranging from handheld to fixed-site solutions, provide a significant technological advantage, leading to substantial contract wins with military and government clients worldwide.
  • While exhibiting explosive revenue growth and achieving recent profitability, the company faces risks associated with lumpy government contract cycles, intense competition from larger defense contractors, and the need for continuous innovation to maintain its technological edge.

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

Hybridan Research: Coro Energy plc: Power Transition

By Hybridan

  • In a transformative year, the key financials from these Interims to 30 June 2025 can be summarised by $30m of borrowings being cleared by writing-off, conversion, and new equity raised at 0.5p.
  • Further funding is required for project development debt with some equity, to meet the growing opportunity of the renewables work programme in Vietnam.
  • The Vietnamese Government’s clean energy agenda is to transition away from coal and fossil fuels to produce 28-36% of its 560.4bn KW per annum power usage in renewables by 2030.

Cryosite Ltd – A Chilled Gem in Australia

By Research as a Service (RaaS)

  • Cryosite Limited (ASX:CTE) is an Australian company specialising in temperature-controlled storage and logistics solutions for the life sciences and pharmaceutical industries, in particular for clinical trials and biological materials.
  • It’s positioned to capitalise on the explosive growth in cell and gene therapies (CGT), mRNA-based medicines, and biological sample management.
  • Founded in 2000 as Australia’s first private cord blood bank, the company has evolved into a specialised end-to-end provider of outsourced storage and logistics services, with a focus on compliance, safety and efficiency.

Long Amotiv (AOV AU) Vs. Short ARB (ARB AU): Statistical Arbitrage in Australian Auto Parts

By Gaudenz Schneider

  • Context: The Amotiv (AOV AU) vs. ARB (ARB AU) price-ratio has deviated more than two standard deviations from its one-year average, presenting a potential relative value opportunity.
  • Highlights: Going long Amotiv (AOV AU) and short ARB (ARB AU) targets a 6% return.
  • Why Read: Essential for quantitative traders seeking mean-reversion opportunities, with detailed execution framework, risk management protocols, and historical simulation showing the statistical basis for this relative value play.

Metals X (MLX) – Monday, Jul 7, 2025

By Value Investors Club (VIC)

Key points (machine generated)

  • Metals X’s share price increased from AUD 0.22 in July 2021 to AUD 0.54, peaking at AUD 0.75 in April 2022 due to rising tin prices.
  • As one of only two listed tin miners in a Western jurisdiction, Metals X presents a unique investment opportunity despite facing challenges like a complex corporate structure and reliance on a single mine.
  • Recent share price changes and corporate actions suggest a potential for re-rating, making Metals X an attractive investment despite existing risks.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

CommBank Shares Poised For A Break-Out

By FNArena

  • CommBank’s shares broke down in July, but recently the share price has been shown more positive signs of moving higher, Fairmont Equities’ Michael Gable reports.

Hybridan Small Cap Feast: 29/09/2025

By Hybridan

  • Coro Energy 0.43p £3.91m (CORO.L)* The South East Asian renewable energy developer announces its unaudited interim results for the six-month period ended 30 June 2025.
  • The Company added a further 2.2MW of commercial and industrial (C&I) rooftop solar capacity with Mobile World Group (MWG) bringing the Group’s total aggregate operational capacity in Vietnam to 6.4MW with estimated run-rate annual cash flows of approximately US$720,000.
  • The Company is in advanced negotiations with an industrial customer for a new 10MW project across several factory locations in Vietnam. 

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