In today’s briefing:
- Ampol (ALD AU) Vs. Woodside Energy (WDS AU): Fueling an Aussie Mean-Reversion Trade
- Sysmex Corp (6869 JP): Forex to Take Some Sheen Away off Growth in FY26; Japan Still Remains Key
- Perseus Mining Vs. Capricorn Metals: Striking Gold with Statistical Arbitrage
- JFE Holdings (5411 JP) – Stable Core, Strategic JSW Stake, and Deep-Value Opportunity
- Linde plc: Initiation of Coverage- Positioned to Dominate High-Growth Markets with Disruptive Tech Edge!
- Okta Inc.: Its Strength In the Public Sector Is One Of Its Biggest Catalysts!
- How Kinder Morgan Is Balancing Debt & Growth with Game-Changing Projects Set to Power the Future!
- Abbott Laboratories Expansion Play: Can Global Growth & Local Manufacturing Drive the Next Surge?
- Digital Turbine: Expansion of Device Footprint
- Boston Scientific WATCHMAN Surge: Will 20% Growth & New Clinical Data Cement Its Cardiovascular Dominance?
Ampol (ALD AU) Vs. Woodside Energy (WDS AU): Fueling an Aussie Mean-Reversion Trade
- Context: Statistical analysis of a relative value opportunity in the Australian Oil & Gas industry between Ampol (ALD AU) and Woodside Energy Group Ltd (WDS AU).
- Highlights: Going long Ampol and short Woodside targets an 8% return to the statistical mean reversion level.
- 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.
Sysmex Corp (6869 JP): Forex to Take Some Sheen Away off Growth in FY26; Japan Still Remains Key
- In FY25, Sysmex Corp (6869 JP) revenue rose 10% YoY to ¥509B. Operating profit margin expanded 20bps to 17.2%. Amid rising costs, favorable Fx impact of ¥8.6B drove the margin.
- Sales grew across regions as instrument installed increased and use of reagents multiplied. America’s volatile margin is a concern, amid the fact that Japan remains the major margin contributor.
- For FY26, Sysmex has guided for revenue of ¥535B (+5% YoY). The company has factored in the impact of tariff estimating annual cost of sales impact of approximately ¥3B-4B.
Perseus Mining Vs. Capricorn Metals: Striking Gold with Statistical Arbitrage
- Context: Statistical analysis of a relative value opportunity between Perseus Mining (PRU AU) and Capricorn Metals (CMM AU), two Australian gold miners.
- Highlights: Going long Perseus Mining and short Capricorn Metals targets a 9% return to the statistical mean reversion level, with Perseus offering cheaper valuations and higher growth.
- 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.
JFE Holdings (5411 JP) – Stable Core, Strategic JSW Stake, and Deep-Value Opportunity
- JFE Holdings rebounded from COVID-era losses to deliver peak earnings in FY22, followed by a gradual normalization through FY25, with stable steel volumes but declining margins amid weak domestic demand.
- The group is investing ¥970B (~$6.5B) through FY2030 across decarbonization, product upgrades (e.g., electrical steel, galvanizing), and overseas downstream expansion to sustain competitiveness.
- Adjusting for its ₹910B (~¥1.7T) JSW stake, ~30% of EV, JFE trades at just 2.7x EV/EBITDA—deeply discounted vs peers like Nippon Steel and POSCO.
Linde plc: Initiation of Coverage- Positioned to Dominate High-Growth Markets with Disruptive Tech Edge!
- Linde, a leading global industrial gases and engineering company, recently reported its first quarter financial results for 2025.
- Despite navigating economic headwinds, the company demonstrated resilience, reflecting the robustness of its operating model.
- Linde employees managed to deliver an 8% growth in Earnings Per Share (EPS) excluding foreign exchange impacts, while expanding operating margins by 120 basis points to 30.1%.
Okta Inc.: Its Strength In the Public Sector Is One Of Its Biggest Catalysts!
- Okta, Inc. has provided a mixed yet insightful picture of its progress and challenges from its latest earnings results.
- On the positive side, the company has reported robust financial indicators for the first quarter of fiscal year 2026, including record operating profitability and strong cash flows.
- These financials showcase Okta’s capability to efficiently manage costs and drive profitability despite a generally cautious economic environment.
How Kinder Morgan Is Balancing Debt & Growth with Game-Changing Projects Set to Power the Future!
- Kinder Morgan reported a quarter with financial performance mostly in line with expectations, pointing to a strong demand for natural gas, particularly driven by LNG exports and increasingly by power generation needs, which include data centers.
- The company is witnessing encouraging demand projections tied to a continued growth in U.S. natural gas consumption, expected to rise significantly by the decade’s end.
- Current transport volumes have reflected the robust demand across key sectors such as residential, commercial, and power generation, with the company citing historical demand benchmarks from past decades to illustrate the potential for continued growth.
Abbott Laboratories Expansion Play: Can Global Growth & Local Manufacturing Drive the Next Surge?
- Abbott Laboratories recently shared its first quarter 2025 earnings results, revealing a strong performance amidst a challenging global environment influenced by new tariff policies and ongoing economic uncertainties.
- Abbott’s diversified model and strategic framework contribute to the company’s operational resilience, as evidenced by its ability to meet growth objectives and deliver high single-digit sales growth alongside double-digit earnings per share (EPS) growth.
- Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.
Digital Turbine: Expansion of Device Footprint
- Digital Turbine, Inc.’s latest financial results demonstrate a blend of positive developments and ongoing challenges.
- For the fiscal fourth quarter ending March 2025, the company returned to year-over-year growth, generating $119.1 million in revenue and $20.5 million in EBITDA, with a non-GAAP earnings per share of $0.10.
- This marks a 6% increase in revenue compared to the previous year and a significant 66% rise in year-over-year EBITDA.
Boston Scientific WATCHMAN Surge: Will 20% Growth & New Clinical Data Cement Its Cardiovascular Dominance?
- Boston Scientific Corporation reported strong first quarter 2025 results, exhibiting significant growth in both revenue and earnings.
- The company’s total operational sales increased by 22% while organic sales grew by 18%, surpassing the upper range of guidance of 14% to 16%.
- In terms of earnings, the first quarter adjusted EPS reached $0.75, a 34% growth over the previous year, exceeding the projected range of $0.66 to $0.68.
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