Smartkarma Daily Briefs

ENN Energy (2688 HK) is in a trading halt “pending the issuance of an announcement pursuant to the Hong Kong Code on Takeovers and Mergers containing inside information of the Company.”
ENN Natural Gas (600803 CH), also in a trading halt, is likely seeking to privatise ENN through a Cayman scheme. A high AGM minority participation necessitates an attractive offer.
I use several methods to triangulate the likely offer price, which suggests a price range of HK$66.50-85.01, with an average of HK$76.04, a 28% premium to the last close.

Quiddity Leaderboard CSI 300/500 Jun25: US$6bn+ One-Way Flows; One Intra-Review Addition Soon

By Janaghan Jeyakumar, CFA

CSI 300 represents the 300 largest stocks by market cap and liquidity from the Shanghai and Shenzhen Exchanges. CSI 500 is the next 500 names.
In this insight, we take a look at the potential ADDs and DELs leading the race for the semiannual index rebal event in June 2025.
Currently, we see 6 ADDs/DELs for the CSI 300 index and 50 ADDs/DELs for the CSI 500 index.

POSCO Holdings Is Selling Nippon Steel Shares Worth 468 Billion Won

By Douglas Kim

On 19 March, POSCO Holdings (005490 KS) announced that it is selling its stake in Nippon Steel Corporation (5401 JP) worth nearly 468 billion won (US$320 million).
POSCO Holdings’ sale of nearly US$320 million worth of Nippon Steel would be about 1.3% of its market cap.
POSCO Holdings’ sale of its stake in Nippon Steel is a positive move for POSCO Holdings as the company is continuing to execute its strategy of selling off non-core assets.

Makino Milling Machine (6135 JP): Proposes Countermeasures

The Makino Milling Machine Co (6135 JP) Board has proposed introducing countermeasures to nudge Nidec Corp (6594 JP) to delay the start of the tender to 9 May.
The countermeasure was likely needed to facilitate a competing offer rather than force Nidec to provide the required information and delay the start (Nidec is still evaluating the request).
Nidec’s offer at current terms has a low chance of success, necessitating revised terms. The Board claims that there is a sufficient probability of a competing proposal.

Quess Corp Demerger: Value Unlocking & Strategic Shift to Drive Growth

By Nimish Maheshwari

Quess Corp Ltd (QUESS IN) is strategically demerging into 3 distinct segments, enabling focused strategies and boosting growth potential for each, paving the way for greater success and innovation.
Previously, the high-margin Global Technology Solutions segment contributed 12% of revenue, but its potential was overlooked within the larger company. Now, with demerging, it gains specialized focus and proper valuation.
The demerger gives investors the flexibility to choose between cash-generating, high-margin, or moderate-margin businesses, with the added option of a platform for job hunting, all backed by focused, specialized management.

Ramelius-Spartan Merger As Gold Ekes Out New Highs

By David Blennerhassett

After being outbid for Karora Resources (KRR CN) and rebuffed by Westgold Resources (WGX AU), Ramelius Resources (RMS AU)has inked a merger with Spartan Resources (SPR AU).
The cash scrip merger – with Ramelius shareholders holding 60.5% of MergeCo – combines operations around the Mount Magnet and Dalgaranga region in Western Australia.
Spartan shareholder will receive A$0.25/share in cash and 0.6957 new Ramelius, or an implied price of A$1.78/share at the time of the merger, and a 27.5% premium to 30-day VWAP.

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Mar 20

Daily Brief Equity Bottom-Up: Tencent (700 HK): 4Q24 and more

By Smartkarma Daily Briefs | Daily Briefs, Equity Bottom-Up

In today’s briefing:

Tencent (700 HK): 4Q24, Revenue Growth Back to Two Digits
China Resources Beer Signals a Bottom in Consumption?
Anta Sports (2020 HK): Need to Exercise Caution
TSMC Takeover of Intel: An Official Denial
Adobe’s Gen AI Playbook: The $200 Billion Opportunity You Can’t Ignore!
AIA Group & HDFC Bank: Big Hitters Lose Momentum
Asia Real Estate Tracker (19-Mar-2025): Invesco buys Korea senior homes.
Dell Technologies: Is There Going To Be A Robust Impact Of AI and Data Center Solutions Growth In The Coming Years?
Ecolab: The Untold Truth Behind Its Razor-and-Blade Model—And Why It’s a Cash Machine!
Broadcom’s Future Looks Bright Despite NVIDIA CEO Jensen Huang’s Claims! Here’s What We Think!

Tencent (700 HK): 4Q24, Revenue Growth Back to Two Digits

By Ming Lu

The growth rate of total revenue came back to two digits in 4Q24.
The growth rate of game revenue reached 20% YoY in 4Q24.
The gross margins of all business lines improved YoY in 4Q24.

China Resources Beer Signals a Bottom in Consumption?

By Rikki Malik

Historical results as expected with a sales and profit decline
The first 2 months of the year show a positive trend
Market reaction to the results should highlight low investor expectations

Anta Sports (2020 HK): Need to Exercise Caution

By Osbert Tang, CFA

Anta Sports Products (2020 HK)‘s strong FY24 result is masked by one-offs and Amer Sports (AS US). Without them, its earnings would have declined by an alarming 5.4% in 2H24.
Its ANTA and FILA brands have seen YoY operating profit drop in 2H24, with heavy margin pressure. Their revenue growth has also showed meaningful slowdown sequentially.
The 18.6x PER for FY25 is at a 50% premium to the sector, but the market expectation of 15% growth looks challenging. The YTD rally has opened room for profit-taking.

TSMC Takeover of Intel: An Official Denial

By Nicolas Baratte

The latest TSMC taking over Intel Foundry was on 13 March and involved joint investments by AMD, Broadcom, Nvidia, Qualcomm. Complicated.
Yesterday, TSMC Board member and Taiwan Minister of National Development Paul LIU flatly denied: “such a topic has never been discussed at the board level”.
As a result, Intel stock declined -6% yesterday. TSMC has corrected by -16% since early Feb. The stock is at average valuations, no obvious upside to Consensus.

Adobe’s Gen AI Playbook: The $200 Billion Opportunity You Can’t Ignore!

Adobe’s Q1 fiscal year 2025 financial results have demonstrated a robust performance, with the company reporting a record $5.71 billion in revenue, marking an 11% year-over-year increase.
The company also achieved a notable growth in its GAAP and non-GAAP earnings per share, which rose by 13% year-over-year.
Adobe’s results underscore the essential role its products play in the global digital economy, reaffirming its fiscal ’25 targets in light of the strong quarterly performance.

AIA Group & HDFC Bank: Big Hitters Lose Momentum

By Steven Holden

Ownership levels in AIA Group Ltd (1299 HK) and HDFC Bank (HDFCB IN) have started to reverse from the highs.
SK Hynix, Meituan and Mediatek Inc all make recent gains in fund ownership, while HDFC Bank and AIA Group see closures.
UBS in AIA Group and TT International in HDFC Bank lead the fund-level closures.

Asia Real Estate Tracker (19-Mar-2025): Invesco buys Korea senior homes.

By Asia Real Estate Tracker

Invesco makes investment in Korea senior living portfolio by acquiring local operator Caredoc.
KKR, Gaw, Alyssa Partners collaborate to host forum discussing Japan multi-family housing on Wednesday.
Thailand approves funding of $2.7B for data centers with a total capacity of 347MW.

Dell Technologies: Is There Going To Be A Robust Impact Of AI and Data Center Solutions Growth In The Coming Years?

Dell Technologies Inc. recently reported its fiscal year 2025 fourth-quarter financial results, demonstrating a mixed performance that offers both opportunities and challenges for investors.
The company recorded $95.6 billion in revenue for the fiscal year, reflecting an 8% increase, and achieved an operating income of $8.5 billion.
Notably, Dell achieved a record EPS of $8.14, an increase of 10%, attributing this success to efficiency improvements and cost reductions, with operating expenses decreasing by 4% year-over-year.

Ecolab: The Untold Truth Behind Its Razor-and-Blade Model—And Why It’s a Cash Machine!

Ecolab has reported another record-setting year with impressive growth in sales, earnings, margins, and free cash flow in 2024, amid a steady organic sales growth of 4% in the last quarter.
The firm sees consistent success in its largest and most profitable market, the United States, where organic sales increased by mid-single digits.
Nonetheless, geographic variations persist, with other global regions experiencing low single-digit growth, affected by mixed macroeconomic trends.

Broadcom’s Future Looks Bright Despite NVIDIA CEO Jensen Huang’s Claims! Here’s What We Think!

Broadcom’s stock surged following its impressive fiscal first-quarter earnings, signaling resilience in the artificial intelligence trade despite recent market volatility.
The company reported revenue of $14.92 billion, surpassing Wall Street’s expectation of $14.62 billion, while adjusted earnings of $1.60 per share exceeded analysts’ estimates of $1.51.
Additionally, Broadcom projected $14.9 billion in revenue for the current quarter, above the consensus estimate of $14.71 billion.

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Mar 20

Daily Brief Macro: The Drill: China to the commodity rescue? and more

By Smartkarma Daily Briefs | Daily Briefs, Macro

In today’s briefing:

The Drill: China to the commodity rescue?
Unloved Stocks in Asia Ex-Japan
EA Inflation Shrunk For Spring 2025
Yokohama Shuts Three Plants In Quick Succession, Relaunches Another In China
[US Crude Oil Options Weekly 2025/11] WTI Snaps Losing Streak on Rising Geopolitical Tensions
[US Nat Gas Options Weekly 2025/11] Henry Hub Slipped on Mild Weather Forecasts and Surging Output
Bear Stearns, Tariffs, and the Credit Crisis: Lessons from 2008 | The New Barbarians #012
CX Daily: China Tables Fiscal Salvo for Flagging Domestic Demand
Time To Consider Russia
Japan: Policy Rate Held At 0.5% (Consensus 0.5%) in Mar-25

The Drill: China to the commodity rescue?

By Andreas Steno

Welcome to our weekly editorial on everything Geopolitics and Commodities.
Industrial metals (and precious metals) have performed very well this year, and we’ve thankfully been part of (parts of) this ride.
With new signs emerging of a stimulus targeting consumption patterns in the economy, Wall Street’s takeaway has been that China has regained significant momentum.

Unloved Stocks in Asia Ex-Japan

By Steven Holden

Bank Of China Ltd, Celltrion Inc and Li Auto top the list as the largest index constituents held by less that 5% of active Asia Ex-Japan funds.
Unloved stock numbers increase after China A-share inclusion in 2018/19 and further amplified by post-2020 restrictions on select Chinese military-linked firms.
Select funds do own sizeable positions in these stocks. Are they the ultimate contrarian trades?

EA Inflation Shrunk For Spring 2025

By Phil Rush

Eurostat shrunk the final Euro area inflation print for February by 5bp, rounding it down to 2.3% after German revisions, reversing the upward surprise from the flash release.
French energy utility prices drove this decline, and petrol prices seem set to drag it down further in March. However, the median impulse is also relatively subdued.
ECB policy is unlikely to be affected by this revision and the temporary impact of energy prices on inflation. We still expect it to hold rates in April before a final cut in June.

Yokohama Shuts Three Plants In Quick Succession, Relaunches Another In China

By Vinod Nedumudy

Trelleborg plant in the US to shut down in April, 2025
Israel, Prague plants too stop working in 2025
Hangzhou to have car tire plant producing 9 million tires a year

[US Crude Oil Options Weekly 2025/11] WTI Snaps Losing Streak on Rising Geopolitical Tensions

WTI futures rose 0.2% for the week ending 14/Mar, reversing a seven-week losing streak, driven by Middle East tensions and tighter-than-expected U.S. crude inventories.
U.S. rig count remained unchanged at 592, after falling by one last week. The oil rig count grew by one to 487 and gas rigs fell by one to 100.
WTI OI PCR rose to 0.93 on 14/Mar from 0.91 on 07/Mar. Call OI increased by 5.6% WoW, while put OI rose by 7.6%.

[US Nat Gas Options Weekly 2025/11] Henry Hub Slipped on Mild Weather Forecasts and Surging Output

For the week ending 14/Mar, U.S. natural gas prices fell by 6.7% due to milder weather forecasts and increased U.S. production.
Henry Hub hit a two-year high early in the week but quickly retreated due to warmer-than-expected winter forecasts. Prices ended the week below the 9-day and 21-day moving averages.
Henry Hub OI PCR increased to 1.03 on 14/Mar compared to 1.00 on 07/Mar. Call OI rose by 3.1% WoW, while put OI grew by 7%.

Bear Stearns, Tariffs, and the Credit Crisis: Lessons from 2008 | The New Barbarians #012

By William Mann

Discussion of podcast topics on St. Patrick’s Day and credit crisis history
Analysis of current market trends and performance, including digital assets and tariffs
Comparison of market patterns from previous years to predict future performance and impact of events like tariffs

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

CX Daily: China Tables Fiscal Salvo for Flagging Domestic Demand

By Caixin Global

Fiscal / Analysis: China tables fiscal salvo for flagging domestic demand
Loans /: Chinese banks relax loan terms to fuel tech sector M&A deals
Tesla FSD: Tesla Inc. is offering its Chinese customers a one-month free trial of its Full-Self Driving (FSD) feature, which still requires drivers to keep their hands on the wheel…

Time To Consider Russia

By Sharmila Whelan

Russia is at a turning point. This together with its size, mineral riches, cheap valuations and common sense suggest investors should be looking to enter the market.
The end of the Ukraine and the re-integration of Russia into world trade and financial markets will be a turning point for the country.
At home the war time economic boom is winding down. High interest rates and inflation are dampening demand and growth will slow this year. Even so Russia’s outlook is brightening.

Japan: Policy Rate Held At 0.5% (Consensus 0.5%) in Mar-25

By Heteronomics AI

The Bank of Japan held its uncollateralised overnight call rate at around 0.5%, in line with expectations, reflecting a moderate economic recovery and sustained inflationary pressures.
Core CPI inflation remains at 3.0-3.5% year-on-year, with underlying inflation expected to gradually rise towards the BoJ’s target by 2025, driven by a tightening labour market and wage-price dynamics.
The BoJ remains data-dependent, with policy direction contingent on wage growth sustainability, yen depreciation effects, and global economic risks, suggesting a cautious approach to normalisation.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

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Mar 20

Most Read: Korea Stock Exchange KOSPI 200, BayCurrent Consulting , Maynilad Water Services, Jiangxi Zhengbang Tech A, ENN Energy, Samsung KODEX Autos ETF, POSCO Holdings, SAIC Motor, Makino Milling Machine Co, Judo Capital and more

By Smartkarma Daily Briefs | Daily Briefs, Most Read

In today’s briefing:

Korea: Short Selling Is Back in March; Trade Ideas
The Japan March-End Rebal and Dividend Trade
Maynilad Water (MYNLD PM): Index Inclusion Timing for a Large Philippines IPO
Quiddity Leaderboard CSI 300/500 Jun25: US$6bn+ One-Way Flows; One Intra-Review Addition Soon
ENN Energy (2688 HK): ENN Natural Gas to Launch a Privatisation Offer?
Schedule Info for Front-Running Korea Sector ETF Rebalancing Trades
POSCO Holdings Is Selling Nippon Steel Shares Worth 468 Billion Won
SSE50 Index Rebalance Preview: Three Changes; Some Misses
Makino Milling Machine (6135 JP): Proposes Countermeasures
Judo Capital Placement – Clean up but past Deal Didn’t Do Well

Korea: Short Selling Is Back in March; Trade Ideas

By Brian Freitas

Since short selling was banned in November 2023, short interest has plunged in Korea as shorts were covered. Markets have not done much over the last 16 months though.
Foreign investor holdings have dropped from 32.05% in July to 28.57%. The top 25 stocks bought by foreign investors outperformed the top 25 stocks sold by 128% in 16 months.
There will be trade opportunities across indices, pref/ords, index migrations and deletions, potential market upgrades and overvalued stocks being sold.

The Japan March-End Rebal and Dividend Trade

By Travis Lundy

Every year it’s the same trade. But sometimes it is not. This year it is Thursday and Friday. Or not.
The month-end and quarter-end bring big flows, or not, depending on how things have gone.
Over the past 10 years or so, the two-day return on the March trade is pretty good. This year? Well read on!

Maynilad Water (MYNLD PM): Index Inclusion Timing for a Large Philippines IPO

By Brian Freitas

Maynilad Water Services (MYNLD PH) is looking to raise up to US$860m by selling shares at ₱20/share, valuing the company at US$2.82bn.
The market cap and free float will depend on the number of shares sold in the IPO and whether the shares in the upsize option are primary or secondary shares.
Global index inclusions should take place in November and December, while Philippines Stock Exchange PSEi Index (PCOMP INDEX) inclusion could take place in August 2026.

Quiddity Leaderboard CSI 300/500 Jun25: US$6bn+ One-Way Flows; One Intra-Review Addition Soon

By Janaghan Jeyakumar, CFA

CSI 300 represents the 300 largest stocks by market cap and liquidity from the Shanghai and Shenzhen Exchanges. CSI 500 is the next 500 names.
In this insight, we take a look at the potential ADDs and DELs leading the race for the semiannual index rebal event in June 2025.
Currently, we see 6 ADDs/DELs for the CSI 300 index and 50 ADDs/DELs for the CSI 500 index.

ENN Energy (2688 HK): ENN Natural Gas to Launch a Privatisation Offer?

ENN Energy (2688 HK) is in a trading halt “pending the issuance of an announcement pursuant to the Hong Kong Code on Takeovers and Mergers containing inside information of the Company.”
ENN Natural Gas (600803 CH), also in a trading halt, is likely seeking to privatise ENN through a Cayman scheme. A high AGM minority participation necessitates an attractive offer.
I use several methods to triangulate the likely offer price, which suggests a price range of HK$66.50-85.01, with an average of HK$76.04, a 28% premium to the last close.

Schedule Info for Front-Running Korea Sector ETF Rebalancing Trades

By Sanghyun Park

Demand for less crowded rebalancing plays is rising, making off-the-radar flows more critical. A structured timeline is key to tracking and managing these setups efficiently.
Key ETFs to watch are local sector names with solid AUM—about 20 names. But the trading approach isn’t one-size-fits-all.
Stick to the schedule, track potential flow setups, and front-run by securing rebalance details early and positioning ahead of the crowd.

POSCO Holdings Is Selling Nippon Steel Shares Worth 468 Billion Won

By Douglas Kim

On 19 March, POSCO Holdings (005490 KS) announced that it is selling its stake in Nippon Steel Corporation (5401 JP) worth nearly 468 billion won (US$320 million).
POSCO Holdings’ sale of nearly US$320 million worth of Nippon Steel would be about 1.3% of its market cap.
POSCO Holdings’ sale of its stake in Nippon Steel is a positive move for POSCO Holdings as the company is continuing to execute its strategy of selling off non-core assets.

SSE50 Index Rebalance Preview: Three Changes; Some Misses

By Brian Freitas

With nearly 90% of the review period complete, 2 non-constituents are in inclusion zone and 3 constituents are in deletion zone.
We estimate one-way turnover of 4.7% at the June rebalance leading to a round-trip trade of CNY 16.4bn (US$2.27bn). Index arb balances will increase the impact on the stocks.
The forecast adds have outperformed the forecast deletes over the last 6 months but there has been a retracement in returns over the last month.

Makino Milling Machine (6135 JP): Proposes Countermeasures

The Makino Milling Machine Co (6135 JP) Board has proposed introducing countermeasures to nudge Nidec Corp (6594 JP) to delay the start of the tender to 9 May.
The countermeasure was likely needed to facilitate a competing offer rather than force Nidec to provide the required information and delay the start (Nidec is still evaluating the request).
Nidec’s offer at current terms has a low chance of success, necessitating revised terms. The Board claims that there is a sufficient probability of a competing proposal.

Judo Capital Placement – Clean up but past Deal Didn’t Do Well

By Nicholas Tan

Bain and GIC looking to raise US$130m by selling their remaining stake in Judo Capital (JDO AU).
The deal will be a large one to digest at 30.8 days of the stock’s three month ADV, representing 9.2% of its shares outstanding.
In this note, we will talk about the placement and run the deal through our ECM framework.

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Mar 20

Daily Brief Australia: Judo Capital, Spartan Resources and more

By Smartkarma Daily Briefs | Australia, Daily Briefs

In today’s briefing:

Judo Capital Placement – Clean up but past Deal Didn’t Do Well
Ramelius-Spartan Merger As Gold Ekes Out New Highs

Judo Capital Placement – Clean up but past Deal Didn’t Do Well

By Nicholas Tan

Bain and GIC looking to raise US$130m by selling their remaining stake in Judo Capital (JDO AU).
The deal will be a large one to digest at 30.8 days of the stock’s three month ADV, representing 9.2% of its shares outstanding.
In this note, we will talk about the placement and run the deal through our ECM framework.

Ramelius-Spartan Merger As Gold Ekes Out New Highs

By David Blennerhassett

After being outbid for Karora Resources (KRR CN) and rebuffed by Westgold Resources (WGX AU), Ramelius Resources (RMS AU)has inked a merger with Spartan Resources (SPR AU).
The cash scrip merger – with Ramelius shareholders holding 60.5% of MergeCo – combines operations around the Mount Magnet and Dalgaranga region in Western Australia.
Spartan shareholder will receive A$0.25/share in cash and 0.6957 new Ramelius, or an implied price of A$1.78/share at the time of the merger, and a 27.5% premium to 30-day VWAP.

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Mar 20

Daily Brief South Korea: Samsung KODEX Autos ETF, POSCO Holdings, DN Solutions and more

By Smartkarma Daily Briefs | Daily Briefs, South Korea

In today’s briefing:

Schedule Info for Front-Running Korea Sector ETF Rebalancing Trades
POSCO Holdings Is Selling Nippon Steel Shares Worth 468 Billion Won
DN Solutions Pre-IPO – The Negatives – Stagnant Volumes

Schedule Info for Front-Running Korea Sector ETF Rebalancing Trades

By Sanghyun Park

Demand for less crowded rebalancing plays is rising, making off-the-radar flows more critical. A structured timeline is key to tracking and managing these setups efficiently.
Key ETFs to watch are local sector names with solid AUM—about 20 names. But the trading approach isn’t one-size-fits-all.
Stick to the schedule, track potential flow setups, and front-run by securing rebalance details early and positioning ahead of the crowd.

POSCO Holdings Is Selling Nippon Steel Shares Worth 468 Billion Won

By Douglas Kim

On 19 March, POSCO Holdings (005490 KS) announced that it is selling its stake in Nippon Steel Corporation (5401 JP) worth nearly 468 billion won (US$320 million).
POSCO Holdings’ sale of nearly US$320 million worth of Nippon Steel would be about 1.3% of its market cap.
POSCO Holdings’ sale of its stake in Nippon Steel is a positive move for POSCO Holdings as the company is continuing to execute its strategy of selling off non-core assets.

DN Solutions Pre-IPO – The Negatives – Stagnant Volumes

By Sumeet Singh

DN Solutions (298440 KS) (DNS) aims to raise around US$1.1bn in its Korea IPO via selling a mix of primary and secondary shares.
DNS is engaged in the manufacture and sale of machine tools and the business of automation solutions and services related thereto.
In this note, we talk about the not-so-positive aspects of the deal.

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Mar 20

Daily Brief Singapore: SGX Rubber Future TSR20 and more

By Smartkarma Daily Briefs | Daily Briefs, Singapore

In today’s briefing:

Yokohama Shuts Three Plants In Quick Succession, Relaunches Another In China

Yokohama Shuts Three Plants In Quick Succession, Relaunches Another In China

By Vinod Nedumudy

Trelleborg plant in the US to shut down in April, 2025
Israel, Prague plants too stop working in 2025
Hangzhou to have car tire plant producing 9 million tires a year

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Mar 20

Daily Brief United States: Klarna Group, Nike, Adobe Systems, Natural Gas, Crude Oil, Intel Corp, Ecolab Inc, Crowdstrike Holdings , Dell Technologies , Broadcom and more

By Smartkarma Daily Briefs | Daily Briefs, United States

In today’s briefing:

Klarna (KLAR US): US Index Exclusion Over Asset & Revenue Geographic Locations
NIKE Q3 Earnings: Options Market Expectations and Post-Earnings Trends
Adobe’s Gen AI Playbook: The $200 Billion Opportunity You Can’t Ignore!
[US Nat Gas Options Weekly 2025/11] Henry Hub Slipped on Mild Weather Forecasts and Surging Output
[US Crude Oil Options Weekly 2025/11] WTI Snaps Losing Streak on Rising Geopolitical Tensions
Intel’s Last Chance: What Can New CEO Lip-Bu Tan Do To Save The Day?
Ecolab: The Untold Truth Behind Its Razor-and-Blade Model—And Why It’s a Cash Machine!
Crowdstrike Holdings: The Falcon Flex Program & Key Developments That Are Strengthening Its Market Position!
Dell Technologies: Is There Going To Be A Robust Impact Of AI and Data Center Solutions Growth In The Coming Years?
Broadcom’s Future Looks Bright Despite NVIDIA CEO Jensen Huang’s Claims! Here’s What We Think!

Klarna (KLAR US): US Index Exclusion Over Asset & Revenue Geographic Locations

By Dimitris Ioannidis

Klarna Group (KLAR US) is forecasted to be excluded from all the main US & EU indices because of a sole US foreign listing.
Klarna Group (KLAR US) can be added to one Global index at the December 2025 review due to a non-ADR listing given it passes the fcap threshold and voting rights.
Klarna Group (KLAR US) is expected to be excluded from rasel due to a non-US nationality assignment based on the company’s asset & revenue geographical locations.

NIKE Q3 Earnings: Options Market Expectations and Post-Earnings Trends

By John Ley

A detailed analysis of the earnings implied jump in Nike options compared to historical outcomes.
Post-Earnings price movements are examined to assess directional tendencies and magnitude based on beats and misses.
The third quarter stands out for the size of earnings-day moves, while earnings misses have shown a distinct post-earnings performance trend.

Adobe’s Gen AI Playbook: The $200 Billion Opportunity You Can’t Ignore!

Adobe’s Q1 fiscal year 2025 financial results have demonstrated a robust performance, with the company reporting a record $5.71 billion in revenue, marking an 11% year-over-year increase.
The company also achieved a notable growth in its GAAP and non-GAAP earnings per share, which rose by 13% year-over-year.
Adobe’s results underscore the essential role its products play in the global digital economy, reaffirming its fiscal ’25 targets in light of the strong quarterly performance.

[US Nat Gas Options Weekly 2025/11] Henry Hub Slipped on Mild Weather Forecasts and Surging Output

For the week ending 14/Mar, U.S. natural gas prices fell by 6.7% due to milder weather forecasts and increased U.S. production.
Henry Hub hit a two-year high early in the week but quickly retreated due to warmer-than-expected winter forecasts. Prices ended the week below the 9-day and 21-day moving averages.
Henry Hub OI PCR increased to 1.03 on 14/Mar compared to 1.00 on 07/Mar. Call OI rose by 3.1% WoW, while put OI grew by 7%.

[US Crude Oil Options Weekly 2025/11] WTI Snaps Losing Streak on Rising Geopolitical Tensions

WTI futures rose 0.2% for the week ending 14/Mar, reversing a seven-week losing streak, driven by Middle East tensions and tighter-than-expected U.S. crude inventories.
U.S. rig count remained unchanged at 592, after falling by one last week. The oil rig count grew by one to 487 and gas rigs fell by one to 100.
WTI OI PCR rose to 0.93 on 14/Mar from 0.91 on 07/Mar. Call OI increased by 5.6% WoW, while put OI rose by 7.6%.

Intel’s Last Chance: What Can New CEO Lip-Bu Tan Do To Save The Day?

Intel’s struggles in the semiconductor industry have reached a critical juncture.
The once-dominant chipmaker, which led the global semiconductor space for decades, has lost significant market share to competitors like Nvidia, AMD, and TSMC.
Manufacturing setbacks, market share declines, and massive losses in its foundry business have plagued Intel over the past few years.

Ecolab: The Untold Truth Behind Its Razor-and-Blade Model—And Why It’s a Cash Machine!

Ecolab has reported another record-setting year with impressive growth in sales, earnings, margins, and free cash flow in 2024, amid a steady organic sales growth of 4% in the last quarter.
The firm sees consistent success in its largest and most profitable market, the United States, where organic sales increased by mid-single digits.
Nonetheless, geographic variations persist, with other global regions experiencing low single-digit growth, affected by mixed macroeconomic trends.

Crowdstrike Holdings: The Falcon Flex Program & Key Developments That Are Strengthening Its Market Position!

CrowdStrike Holdings, Inc. has demonstrated resilience and strategic growth in its Q4 and Fiscal Year 2025 financial results.
The company’s performance indicates effective management and the potential to leverage its offerings in the evolving cybersecurity market driven by the advancement of AI technologies.
On the positive side, CrowdStrike reported a notable Q4 net new Annual Recurring Revenue (ARR) of $224 million, surpassing expectations and ending FY 2025 with $4.24 billion in ARR.

Dell Technologies: Is There Going To Be A Robust Impact Of AI and Data Center Solutions Growth In The Coming Years?

Dell Technologies Inc. recently reported its fiscal year 2025 fourth-quarter financial results, demonstrating a mixed performance that offers both opportunities and challenges for investors.
The company recorded $95.6 billion in revenue for the fiscal year, reflecting an 8% increase, and achieved an operating income of $8.5 billion.
Notably, Dell achieved a record EPS of $8.14, an increase of 10%, attributing this success to efficiency improvements and cost reductions, with operating expenses decreasing by 4% year-over-year.

Broadcom’s Future Looks Bright Despite NVIDIA CEO Jensen Huang’s Claims! Here’s What We Think!