All Posts By

Smartkarma Daily Briefs

Daily Brief ECM: Metsera and more

By | Daily Briefs, ECM

In today’s briefing:

  • Metsera, Inc. (MTSR): Peeking at the Prospectus for the Next Obesity and Metabolic Diseases Biotech


Metsera, Inc. (MTSR): Peeking at the Prospectus for the Next Obesity and Metabolic Diseases Biotech

By IPO Boutique

  • Biotechnology company developing next-generation injectable and oral nutrient stimulated hormone, or NuSH, analog peptides to treat obesity, overweight and related conditions filed for Q1 IPO
  • Preliminary Phase 2 results in January suggested a durable pharmacodynamic, or PD, effect consistent with the observed half-life.
  • ARCH Ventures along with Fidelity are among the existing shareholders as this company enters begins its road to be a publicly traded company

💡 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



Daily Brief Thematic (Sector/Industry): APAC Healthcare Weekly (Jan 19)- Samsung Biologics and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • APAC Healthcare Weekly (Jan 19)- Samsung Biologics, Daiichi Sankyo, Eisai, Sun Pharma, Biocon


APAC Healthcare Weekly (Jan 19)- Samsung Biologics, Daiichi Sankyo, Eisai, Sun Pharma, Biocon

By Tina Banerjee

  • Samsung Biologics secured highest ever contract manufacturing order worth KRW2.07T ($1.4B) from a European pharmaceutical company. The cumulative order volume has now surpassed $17.6B.
  • FDA has accepted Daiichi Sankyo’s revised filing for Dato-DXd for certain types of non-small cell lung cancer (NSCLC) and Eisai’s BLA for Leqembi subcutaneous autoinjector for weekly maintenance dosing.
  • Sun Pharma is acquiring Canada-based Antibe Therapeutics, a clinical-stage biotechnological company developing novel drugs primarily focusing on reducing pain and inflammation. Biocon got FDA clearance for insulin facility in Malaysia.

💡 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



Daily Brief Event-Driven: Makino Milling (6135) – Trading Through Terms and more

By | Daily Briefs, Event-Driven

In today’s briefing:

  • Makino Milling (6135) – Trading Through Terms, May Need Investor Pushing
  • A/H Premium Tracker (To 17 Jan 2025):  AH Premia Fall Further, Lowest Avg Premium in 5yrs
  • Last Week In Event SPACE: Shanghai Henlius, Malaysia Airports, Kokusai Electric, Smart Share
  • Insignia Financial (IFL AU): CC Capital Bumps, Next Move Bain
  • HK Connect SOUTHBOUND Flows (To 17 Jan 2025); Again Big Net Buying by SB, Again on Tech
  • Quiddity Leaderboard CSI Medical Jun 25: 1-5x ADV to Trade; Sector-Neutral Rebal Trade Idea Inside
  • GA Pack (468 HK): Shandong Xinjufeng’s Offer on the Cusp of Being Declared Unconditional
  • Quiddity Leaderboard STAR 50/100 Mar 25: LONGs Up ~12% Vs SHORTs in a Month; More to Come
  • (Mostly) Asia-Pac M&A: Jamco, AVJennings, Insignia Financial, Advanced Info Service/Thaicom


Makino Milling (6135) – Trading Through Terms, May Need Investor Pushing

By Travis Lundy

  • Nidec Corp (6594 JP) in late December proposed an unsolicited takeover of Makino Milling Machine Co (6135 JP), with a 3-month delay before launching a Tender Offer. 
  • Makino has asked for an extension to the start. Nidec has said no. Makino is going about this the wrong way. Makino needs to assume Nidec thought this through.
  • Makino needs to open up the process to other bidders, and investors can help. 

A/H Premium Tracker (To 17 Jan 2025):  AH Premia Fall Further, Lowest Avg Premium in 5yrs

By Travis Lundy

  • AH Premia are lower over the last few weeks of holiday and this past week of heavy SOUTHBOUND buying on telcos, banks, brokers, insurers, tech, and airlines.
  • The average AH Premium across all pairs is now the lowest it has been in five years.
  • The VERY WIDE Tech spreads bifurcated. SMIC (981) and Shanghai Fudan Microelectric (1385) both continued strongly. China Rail Signal (3969) and Flat Glass (6865) widened again.

Last Week In Event SPACE: Shanghai Henlius, Malaysia Airports, Kokusai Electric, Smart Share

By David Blennerhassett


Insignia Financial (IFL AU): CC Capital Bumps, Next Move Bain

By Arun George

  • Insignia Financial (IFL AU) disclosed a revised non-binding privatisation offer from CC Capital at A$4.60, a 7.0% premium compared to its previous A$4.30 offer and Bain’s A$4.30 offer.
  • While the revised CC Capital offer is attractive compared to historical trading ranges, there remains valuation headroom for Bain to engage in a bidding war. 
  • The presence of several substantial shareholders facilitates a bidding war. The board should provide both bidders with due diligence access to promote the auction.

HK Connect SOUTHBOUND Flows (To 17 Jan 2025); Again Big Net Buying by SB, Again on Tech

By Travis Lundy

  • SOUTHBOUND gross trading activity was again not stronger per day than the previous several weeks, but SB Net Buying was again BIG. Given the change in Tencent, remarkable even.
  • The story was follow-through, but SMIC and Xiaomi were also big buys. This is shaping up to be a “let’s buy what US Persons cannot” moment.
  • No sectors saw net selling through CCASS data five days to Weds. Top 10 activity was quite concentrated this week. Very few stray names.

Quiddity Leaderboard CSI Medical Jun 25: 1-5x ADV to Trade; Sector-Neutral Rebal Trade Idea Inside

By Janaghan Jeyakumar, CFA

  • CSI Medical Service represents the top 50 largest and most-liquid stocks involved in medical devices, medical care, medical informatization, and other medical theme from the Shanghai, Shenzhen and Beijing Exchanges.
  • 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.
  • We expect up to four ADDs and four DELs for the CSI Medical Service index during this index review event based on the latest available data.

GA Pack (468 HK): Shandong Xinjufeng’s Offer on the Cusp of Being Declared Unconditional

By Arun George

  • Greatview Aseptic Packaging (468 HK)’s offer from Shandong Xinjufeng Technology Packaging (301296 CH) is HK$2.65 with a 50% minimum acceptance condition. The first closing date is 21 January.  
  • The Board has recommended that shareholders not accept. However, based on CCASS data, including acceptances, Shandong Xinjufeng’s shareholding was 46.41% of outstanding shares as of 17 January.
  • Absent an unlikely competing offer, the offer is on the cusp of being declared unconditional. At the last close and 4 February payment, the gross/annualized spread is 3.1%/128%.

Quiddity Leaderboard STAR 50/100 Mar 25: LONGs Up ~12% Vs SHORTs in a Month; More to Come

By Janaghan Jeyakumar, CFA

  • STAR 50 Index is a tech-focused, blue-chip index in Mainland China which tracks the top 50 largest and most liquid names in the STAR market of the Shanghai Stock Exchange.
  • STAR 100 index tracks the next 100 names (51st-150th ranks) and it represents the mid-cap segment of the STAR market.
  • In this insight, we take a look at the potential ADDs/DELs for the STAR 50 and STAR 100 indices for the March 2025 index rebal event.

(Mostly) Asia-Pac M&A: Jamco, AVJennings, Insignia Financial, Advanced Info Service/Thaicom

By David Blennerhassett


💡 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



Daily Brief Equity Bottom-Up: Duolingo’s TikTok-Fueled Surge: A Golden Opportunity or Fading Trend? and more

By | Daily Briefs, Equity Bottom-Up

In today’s briefing:

  • Duolingo’s TikTok-Fueled Surge: A Golden Opportunity or Fading Trend?
  • Walgreens Boots Alliance: An Insight Into Its Procurement Optimization
  • Axiscades Technologies Ltd- Forensic Analysis
  • Constellation Brands: Beer Market Positioning & Performance Powering Our ‘Buy’ Rating! – Major Drivers
  • DuPont’s Separation 2.0: How a Two-Way Split Could Reshape Its Future!
  • LS Electric: Increasing Supplies for Distribution Board Components to Elon Musk’s XAI Data Centers
  • Monthly Chinese Express Tracker: Fight For Parcel Volume Share Heated Up in Q424 (January 2025)
  • MSC Industrial Direct Co Has Bold Investment Plans For Market Expansion But Will They Work? – Major Drivers
  • Plexus Corporation: Regional Expansion & Manufacturing Wins As A Pivotal Growth Enabler! – Major Drivers
  • RPM International Inc.: Construction Products Group (CPG) & Performance Innovations As A Major Growth Accelerator! – Major Drivers


Duolingo’s TikTok-Fueled Surge: A Golden Opportunity or Fading Trend?

By Baptista Research

  • Duolingo has made headlines recently with a sharp rise in users flocking to its Mandarin courses.
  • This surge coincides with a wave of U.S. users abandoning TikTok amidst uncertainty about its future, following potential bans discussed by the U.S. Supreme Court.
  • As TikTok users migrate to RedNote (Xiaohongshu), a Chinese social media app, interest in Mandarin has grown significantly, contributing to a 216% year-over-year increase in Mandarin learners on Duolingo.

Walgreens Boots Alliance: An Insight Into Its Procurement Optimization

By Baptista Research

  • Walgreens Boots Alliance’s latest earnings reveals a mixed financial and strategic picture for the company, which has been taking significant strides in response to ongoing challenges and strategic realignments.
  • On the positive side, the company has initiated a turnaround strategy for its U.S. Retail Pharmacy business as a crucial focus area.
  • The company made progress in optimizing its store footprint, with positive early results and better-than-expected script retention rates following store closures.

Axiscades Technologies Ltd- Forensic Analysis

By Nitin Mangal

  • Axiscades Engineering Technologies (AXET IN) provides comprehensive engineering and technology solutions for global manufacturers in diverse sectors such as aerospace, defence, automotive, energy, electronics, and heavy engineering. 
  • The acquisition of Mistral Solutions using deferred consideration has helped the group grow its turnover and net profit during the last six years 
  • Our concerns stem from the current vacuum in top management due to exits of senior personnel in spite of high remuneration levels, risk of goodwill impairment, few questionable transactions, etc.

Constellation Brands: Beer Market Positioning & Performance Powering Our ‘Buy’ Rating! – Major Drivers

By Baptista Research

  • Constellation Brands’ third-quarter fiscal 2025 results reveal a mixed performance across its segments, with resilience shown in its beer business but significant challenges faced in the wine and spirits sector.
  • The company’s strategic investments in marketing and distribution for its beer brands have driven an uptick in consumer demand.
  • However, macroeconomic factors continue to challenge overall sales growth, prompting a recalibration of financial guidance.

DuPont’s Separation 2.0: How a Two-Way Split Could Reshape Its Future!

By Baptista Research

  • In a major strategic pivot, DuPont de Nemours has announced a streamlined separation strategy that could significantly impact its operational focus and market positioning.
  • Initially planning a three-way split of its Water, Electronics, and Materials businesses, the company has revised its approach by deciding to retain the Water business while accelerating the spinoff of the Electronics division.
  • This decision underscores DuPont’s intent to simplify its structure and enhance shareholder value in a more agile manner.

LS Electric: Increasing Supplies for Distribution Board Components to Elon Musk’s XAI Data Centers

By Douglas Kim

  • LS Electric, one of the major power equipment providers in Korea, became a new supplier of distribution board components to Elon Musk’s xAI data centers in Memphis, Tennessee.
  • Some of the major electric utilities and other companies in the US have been reluctant to use electrical equipment products from China due to quality and security concerns.
  • Therefore, leading Korean companies such as LS Electric have been beneficiary of receiving more orders from the major US electrical utilities and other major companies in the US. 

Monthly Chinese Express Tracker: Fight For Parcel Volume Share Heated Up in Q424 (January 2025)

By Daniel Hellberg

  • In Q424, there were dramatic shifts in share among the six listed Chinese express companies
  • STO and J&T gained the most volume share, while volume leader ZTO gave up the most
  • STO won share without ceding much price; ZTO still has not settled on a new strategy

MSC Industrial Direct Co Has Bold Investment Plans For Market Expansion But Will They Work? – Major Drivers

By Baptista Research

  • MSC Industrial Supply Co.’s first-quarter fiscal 2025 performance reflects a mixture of both achievements and ongoing challenges in line with its strategic objectives and the current economic climate.
  • The company recorded a modest improvement against its sales expectations, with average daily sales surpassing initial guidance despite an overall 2.7% year-over-year decline.
  • This decline was narrower than anticipated, driven by growth in the public sector and sustained momentum in their solutions offerings, notably within November, though these gains are not seen as indicative of a long-term trend.

Plexus Corporation: Regional Expansion & Manufacturing Wins As A Pivotal Growth Enabler! – Major Drivers

By Baptista Research

  • Plexus Corporation has demonstrated significant progress in its fiscal fourth-quarter 2024 results, reflecting both operational strengths and some challenges faced by the company.
  • The company’s revenue for the quarter was robust, reaching $1.05 billion, which surpassed the guidance range and was driven by stronger demand across various market sectors.
  • The aerospace and defense, as well as the healthcare/life sciences sectors, contributed significantly to this performance.

RPM International Inc.: Construction Products Group (CPG) & Performance Innovations As A Major Growth Accelerator! – Major Drivers

By Baptista Research

  • RPM International delivered a robust performance in the fiscal year 2025 second quarter even amidst a macroeconomic landscape characterized by no to low growth.
  • The company set new records in sales, adjusted EBIT margin, and adjusted EPS.
  • This achievement is notable considering a significant $4.4 million earnings headwind due to a customer bankruptcy charge in the Consumer Group sector.

💡 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



Daily Brief Macro: Asian Equities: US Exceptionalism Vs Asian Valuation Allure and more

By | Daily Briefs, Macro

In today’s briefing:

  • Asian Equities: US Exceptionalism Vs Asian Valuation Allure


Asian Equities: US Exceptionalism Vs Asian Valuation Allure

By Manishi Raychaudhuri

  • Asian equities are at record valuation discount to that of US. Slightly lower earnings growth and ROE forecasts for Asia don’t justify the steep discounts, we believe.
  • However, EPS estimates are a concern. Asia’s consensus EPS estimate for 2025 has declined 9% over past 10 months, dragged down by China and Korea. USA’s has remained virtually flat.
  • Based on our themes of continued AI spending, China’s consumption recovery and “unloved India”, our top picks remain TSMC, Tencent, Yum China, HDFC Bank and SK Hynix.

💡 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



Daily Brief Australia: Insignia Financial and more

By | Australia, Daily Briefs

In today’s briefing:

  • Insignia Financial (IFL AU): CC Capital Bumps, Next Move Bain
  • (Mostly) Asia-Pac M&A: Jamco, AVJennings, Insignia Financial, Advanced Info Service/Thaicom


Insignia Financial (IFL AU): CC Capital Bumps, Next Move Bain

By Arun George

  • Insignia Financial (IFL AU) disclosed a revised non-binding privatisation offer from CC Capital at A$4.60, a 7.0% premium compared to its previous A$4.30 offer and Bain’s A$4.30 offer.
  • While the revised CC Capital offer is attractive compared to historical trading ranges, there remains valuation headroom for Bain to engage in a bidding war. 
  • The presence of several substantial shareholders facilitates a bidding war. The board should provide both bidders with due diligence access to promote the auction.

(Mostly) Asia-Pac M&A: Jamco, AVJennings, Insignia Financial, Advanced Info Service/Thaicom

By David Blennerhassett


💡 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



Daily Brief South Korea: LS Electric and more

By | Daily Briefs, South Korea

In today’s briefing:

  • LS Electric: Increasing Supplies for Distribution Board Components to Elon Musk’s XAI Data Centers


LS Electric: Increasing Supplies for Distribution Board Components to Elon Musk’s XAI Data Centers

By Douglas Kim

  • LS Electric, one of the major power equipment providers in Korea, became a new supplier of distribution board components to Elon Musk’s xAI data centers in Memphis, Tennessee.
  • Some of the major electric utilities and other companies in the US have been reluctant to use electrical equipment products from China due to quality and security concerns.
  • Therefore, leading Korean companies such as LS Electric have been beneficiary of receiving more orders from the major US electrical utilities and other major companies in the US. 

💡 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



Daily Brief United States: Metsera, Walgreens Boots Alliance, Duolingo, DuPont, MSC Industrial Direct Co Inc, Plexus Corp, Rpm International, Simply Good Foods Co, Synnex Corp, Veradigm and more

By | Daily Briefs, United States

In today’s briefing:

  • Metsera, Inc. (MTSR): Peeking at the Prospectus for the Next Obesity and Metabolic Diseases Biotech
  • Walgreens Boots Alliance: An Insight Into Its Procurement Optimization
  • Duolingo’s TikTok-Fueled Surge: A Golden Opportunity or Fading Trend?
  • DuPont’s Separation 2.0: How a Two-Way Split Could Reshape Its Future!
  • MSC Industrial Direct Co Has Bold Investment Plans For Market Expansion But Will They Work? – Major Drivers
  • Plexus Corporation: Regional Expansion & Manufacturing Wins As A Pivotal Growth Enabler! – Major Drivers
  • RPM International Inc.: Construction Products Group (CPG) & Performance Innovations As A Major Growth Accelerator! – Major Drivers
  • The Simply Good Foods Company: Expanding Product Innovation to Address Evolving Consumer Demands! – Major Drivers
  • TD SYNNEX: The Top 7 Factors Influencing Its Performance In 2025 & Beyond! – Major Drivers
  • Veradigm Inc (MDRX) – Thursday, Oct 17, 2024


Metsera, Inc. (MTSR): Peeking at the Prospectus for the Next Obesity and Metabolic Diseases Biotech

By IPO Boutique

  • Biotechnology company developing next-generation injectable and oral nutrient stimulated hormone, or NuSH, analog peptides to treat obesity, overweight and related conditions filed for Q1 IPO
  • Preliminary Phase 2 results in January suggested a durable pharmacodynamic, or PD, effect consistent with the observed half-life.
  • ARCH Ventures along with Fidelity are among the existing shareholders as this company enters begins its road to be a publicly traded company

Walgreens Boots Alliance: An Insight Into Its Procurement Optimization

By Baptista Research

  • Walgreens Boots Alliance’s latest earnings reveals a mixed financial and strategic picture for the company, which has been taking significant strides in response to ongoing challenges and strategic realignments.
  • On the positive side, the company has initiated a turnaround strategy for its U.S. Retail Pharmacy business as a crucial focus area.
  • The company made progress in optimizing its store footprint, with positive early results and better-than-expected script retention rates following store closures.

Duolingo’s TikTok-Fueled Surge: A Golden Opportunity or Fading Trend?

By Baptista Research

  • Duolingo has made headlines recently with a sharp rise in users flocking to its Mandarin courses.
  • This surge coincides with a wave of U.S. users abandoning TikTok amidst uncertainty about its future, following potential bans discussed by the U.S. Supreme Court.
  • As TikTok users migrate to RedNote (Xiaohongshu), a Chinese social media app, interest in Mandarin has grown significantly, contributing to a 216% year-over-year increase in Mandarin learners on Duolingo.

DuPont’s Separation 2.0: How a Two-Way Split Could Reshape Its Future!

By Baptista Research

  • In a major strategic pivot, DuPont de Nemours has announced a streamlined separation strategy that could significantly impact its operational focus and market positioning.
  • Initially planning a three-way split of its Water, Electronics, and Materials businesses, the company has revised its approach by deciding to retain the Water business while accelerating the spinoff of the Electronics division.
  • This decision underscores DuPont’s intent to simplify its structure and enhance shareholder value in a more agile manner.

MSC Industrial Direct Co Has Bold Investment Plans For Market Expansion But Will They Work? – Major Drivers

By Baptista Research

  • MSC Industrial Supply Co.’s first-quarter fiscal 2025 performance reflects a mixture of both achievements and ongoing challenges in line with its strategic objectives and the current economic climate.
  • The company recorded a modest improvement against its sales expectations, with average daily sales surpassing initial guidance despite an overall 2.7% year-over-year decline.
  • This decline was narrower than anticipated, driven by growth in the public sector and sustained momentum in their solutions offerings, notably within November, though these gains are not seen as indicative of a long-term trend.

Plexus Corporation: Regional Expansion & Manufacturing Wins As A Pivotal Growth Enabler! – Major Drivers

By Baptista Research

  • Plexus Corporation has demonstrated significant progress in its fiscal fourth-quarter 2024 results, reflecting both operational strengths and some challenges faced by the company.
  • The company’s revenue for the quarter was robust, reaching $1.05 billion, which surpassed the guidance range and was driven by stronger demand across various market sectors.
  • The aerospace and defense, as well as the healthcare/life sciences sectors, contributed significantly to this performance.

RPM International Inc.: Construction Products Group (CPG) & Performance Innovations As A Major Growth Accelerator! – Major Drivers

By Baptista Research

  • RPM International delivered a robust performance in the fiscal year 2025 second quarter even amidst a macroeconomic landscape characterized by no to low growth.
  • The company set new records in sales, adjusted EBIT margin, and adjusted EPS.
  • This achievement is notable considering a significant $4.4 million earnings headwind due to a customer bankruptcy charge in the Consumer Group sector.

The Simply Good Foods Company: Expanding Product Innovation to Address Evolving Consumer Demands! – Major Drivers

By Baptista Research

  • The Simply Good Foods Company’s first quarter fiscal year 2025 earnings call has provided insights into the company’s performance and strategy going forward, reflecting both opportunities and challenges within their portfolio.
  • The company reported a 10.6% increase in net sales, boosted primarily by the acquisition of Only What You Need (OWYN).
  • Legacy net sales remained flat, impacted by shipment timing issues, although net sales growth in the Quest brand was strong despite some initial stockouts.

TD SYNNEX: The Top 7 Factors Influencing Its Performance In 2025 & Beyond! – Major Drivers

By Baptista Research

  • TD SYNNEX Corporation’s fourth quarter and full fiscal year 2024 earnings highlight a mixed performance with both positive and negative aspects for investors to consider.
  • During the fourth quarter, TD SYNNEX experienced a 10% year-over-year revenue increase, with gross billings up by 7%, which surpassed the company’s internal expectations.
  • This growth was largely spurred by strength in the Endpoint Solutions, driven by robust demand for PCs, as well as double-digit growth observed across its cloud, cybersecurity, and data and analytics portfolios.

Veradigm Inc (MDRX) – Thursday, Oct 17, 2024

By Value Investors Club

  • Veradigm is a healthcare IT and services company with sticky, recurring revenue and organic growth potential
  • Currently trading at an inexpensive valuation due to financial issues and a questionable acquisition
  • Recent changes in shareholder base and management, as well as announcement of a strategic process, suggest potential sale in near future, unlocking significant upside for investors.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.


💡 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



Daily Brief India: Axiscades Engineering Technologies and more

By | Daily Briefs, India

In today’s briefing:

  • Axiscades Technologies Ltd- Forensic Analysis


Axiscades Technologies Ltd- Forensic Analysis

By Nitin Mangal

  • Axiscades Engineering Technologies (AXET IN) provides comprehensive engineering and technology solutions for global manufacturers in diverse sectors such as aerospace, defence, automotive, energy, electronics, and heavy engineering. 
  • The acquisition of Mistral Solutions using deferred consideration has helped the group grow its turnover and net profit during the last six years 
  • Our concerns stem from the current vacuum in top management due to exits of senior personnel in spite of high remuneration levels, risk of goodwill impairment, few questionable transactions, etc.

💡 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



Daily Brief China: Flat Glass, Shanghai Henlius Biotech , Semiconductor Manufacturing International Corp (SMIC), Zhongyuan Union Cell & Gene Eng Corp, Greatview Aseptic Packaging, Xiamen Amoytop Biotech Co Ltd, ZTO Express Cayman and more

By | China, Daily Briefs

In today’s briefing:

  • A/H Premium Tracker (To 17 Jan 2025):  AH Premia Fall Further, Lowest Avg Premium in 5yrs
  • Last Week In Event SPACE: Shanghai Henlius, Malaysia Airports, Kokusai Electric, Smart Share
  • HK Connect SOUTHBOUND Flows (To 17 Jan 2025); Again Big Net Buying by SB, Again on Tech
  • Quiddity Leaderboard CSI Medical Jun 25: 1-5x ADV to Trade; Sector-Neutral Rebal Trade Idea Inside
  • GA Pack (468 HK): Shandong Xinjufeng’s Offer on the Cusp of Being Declared Unconditional
  • Quiddity Leaderboard STAR 50/100 Mar 25: LONGs Up ~12% Vs SHORTs in a Month; More to Come
  • Monthly Chinese Express Tracker: Fight For Parcel Volume Share Heated Up in Q424 (January 2025)


A/H Premium Tracker (To 17 Jan 2025):  AH Premia Fall Further, Lowest Avg Premium in 5yrs

By Travis Lundy

  • AH Premia are lower over the last few weeks of holiday and this past week of heavy SOUTHBOUND buying on telcos, banks, brokers, insurers, tech, and airlines.
  • The average AH Premium across all pairs is now the lowest it has been in five years.
  • The VERY WIDE Tech spreads bifurcated. SMIC (981) and Shanghai Fudan Microelectric (1385) both continued strongly. China Rail Signal (3969) and Flat Glass (6865) widened again.

Last Week In Event SPACE: Shanghai Henlius, Malaysia Airports, Kokusai Electric, Smart Share

By David Blennerhassett


HK Connect SOUTHBOUND Flows (To 17 Jan 2025); Again Big Net Buying by SB, Again on Tech

By Travis Lundy

  • SOUTHBOUND gross trading activity was again not stronger per day than the previous several weeks, but SB Net Buying was again BIG. Given the change in Tencent, remarkable even.
  • The story was follow-through, but SMIC and Xiaomi were also big buys. This is shaping up to be a “let’s buy what US Persons cannot” moment.
  • No sectors saw net selling through CCASS data five days to Weds. Top 10 activity was quite concentrated this week. Very few stray names.

Quiddity Leaderboard CSI Medical Jun 25: 1-5x ADV to Trade; Sector-Neutral Rebal Trade Idea Inside

By Janaghan Jeyakumar, CFA

  • CSI Medical Service represents the top 50 largest and most-liquid stocks involved in medical devices, medical care, medical informatization, and other medical theme from the Shanghai, Shenzhen and Beijing Exchanges.
  • 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.
  • We expect up to four ADDs and four DELs for the CSI Medical Service index during this index review event based on the latest available data.

GA Pack (468 HK): Shandong Xinjufeng’s Offer on the Cusp of Being Declared Unconditional

By Arun George

  • Greatview Aseptic Packaging (468 HK)’s offer from Shandong Xinjufeng Technology Packaging (301296 CH) is HK$2.65 with a 50% minimum acceptance condition. The first closing date is 21 January.  
  • The Board has recommended that shareholders not accept. However, based on CCASS data, including acceptances, Shandong Xinjufeng’s shareholding was 46.41% of outstanding shares as of 17 January.
  • Absent an unlikely competing offer, the offer is on the cusp of being declared unconditional. At the last close and 4 February payment, the gross/annualized spread is 3.1%/128%.

Quiddity Leaderboard STAR 50/100 Mar 25: LONGs Up ~12% Vs SHORTs in a Month; More to Come

By Janaghan Jeyakumar, CFA

  • STAR 50 Index is a tech-focused, blue-chip index in Mainland China which tracks the top 50 largest and most liquid names in the STAR market of the Shanghai Stock Exchange.
  • STAR 100 index tracks the next 100 names (51st-150th ranks) and it represents the mid-cap segment of the STAR market.
  • In this insight, we take a look at the potential ADDs/DELs for the STAR 50 and STAR 100 indices for the March 2025 index rebal event.

Monthly Chinese Express Tracker: Fight For Parcel Volume Share Heated Up in Q424 (January 2025)

By Daniel Hellberg

  • In Q424, there were dramatic shifts in share among the six listed Chinese express companies
  • STO and J&T gained the most volume share, while volume leader ZTO gave up the most
  • STO won share without ceding much price; ZTO still has not settled on a new strategy

💡 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