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Smartkarma Daily Briefs

Dec 29
0

Daily Brief TMT/Internet: Grab Holdings , Nec Networks & System Integr, SK Hynix, Itron Inc, Formfactor Inc, Q2 Holdings Inc, Sitime Corporation, Jamf Holding Corp, GoodRx Holdings Inc, Interdigital Inc and more

By | Daily Briefs, TMT/Internet

In today’s briefing:

  • Grab Holdings (GRAB US) – Harvest Time
  • (Mostly) Asia-Pac M&A: Makino, Henlius, GAPack, Nec Networks, Suntec REIT, VCredit, Pentamaster
  • SK Hynix(000660.KS): Insisting on HBM Technology and Continuing to Surpass Samsung in Net Earnings
  • Itron Inc.: Grid Edge Intelligence Expansion Fueling Our ‘Outperform’ Rating! – Major Drivers
  • FormFactor Inc.: Diversification in Probe Cards As A Pivotal Growth Engine! – Major Drivers
  • Q2 Holdings Crushes Expectations with Explosive Subscription Revenue Growth—But Will It Last? – Major Drivers
  • SiTime Corporation: Expansion in the AI & Data Center Market As A Key Growth Catalyst! – Major Drivers
  • JAMF Holdings: International Expansion Powering Our Bullishness! – Major Drivers
  • GoodRx Holdings: Can Its E-commerce Capabilities and Brand Drug Integration Help Tilt The Competitive Dynamics In Its Favor? – Major Drivers
  • InterDigital Inc.: These Are The 6 Biggest Factors Impacting Its Performance In 2025 & Beyond! – Major Drivers

Grab Holdings (GRAB US) – Harvest Time

By Angus Mackintosh

  • Grab Holdings has expressed excitement for 2025, as it harvests the investments it has made in its laddered approach to new product offerings from Saver to Grab Unlimited in 2024. 
  • Having grown transacting users in 2024 through its Saver offering, Grab will focus on growing its premium offers in 2025. Groceries should outperform along with its offline dining initiatives. 
  • Grab will focus on lending growth at its DigiBanks in Malaysia, and Singapore in 2025 and will double down on its advertising offerings. Grab will book a 2025 net profit.

(Mostly) Asia-Pac M&A: Makino, Henlius, GAPack, Nec Networks, Suntec REIT, VCredit, Pentamaster

By David Blennerhassett

SK Hynix(000660.KS): Insisting on HBM Technology and Continuing to Surpass Samsung in Net Earnings

By Patrick Liao

Itron Inc.: Grid Edge Intelligence Expansion Fueling Our ‘Outperform’ Rating! – Major Drivers

By Baptista Research

  • Itron’s third quarter of 2024 displayed notable financial performance and a strategic focus on enhancing and expanding its market offerings in energy and water solutions.
  • Key financial results include total revenue of $615 million, marking a 10% increase year-over-year, with a notable improvement in gross margin to 34.1%.
  • This growth was supported by operational efficiencies and strategic shipments of customer orders.

FormFactor Inc.: Diversification in Probe Cards As A Pivotal Growth Engine! – Major Drivers

By Baptista Research

  • FormFactor’s third quarter 2024 earnings reflected strong performance driven by record revenues, surpassing prior expectations.
  • Both of the company’s segments contributed to this outcome, with standout results from the DRAM probe-card business.
  • Notably, FormFactor achieved an all-time high in DRAM probe-card revenue for the third consecutive quarter.

Q2 Holdings Crushes Expectations with Explosive Subscription Revenue Growth—But Will It Last? – Major Drivers

By Baptista Research

  • Q2 Holdings recently reported its financial performance for the third quarter of 2024, showing a generally positive momentum in its business operations.
  • The company’s non-GAAP revenue reached $175 million, reflecting a 13% increase year-over-year, primarily driven by an 18% year-over-year growth in subscription revenue.
  • Subscription revenues now constitute more than 80% of total revenue, underscoring Q2 Holdings’ strategic shift towards a model that emphasizes recurring, higher-margin revenue streams.

SiTime Corporation: Expansion in the AI & Data Center Market As A Key Growth Catalyst! – Major Drivers

By Baptista Research

  • SiTime Corporation’s third-quarter 2024 financial performance showcased robust growth, demonstrating the company’s strong position in the precision timing semiconductor market.
  • SiTime reported a 62% year-over-year increase in revenue, totaling $57.7 million.
  • Net income also saw an impressive rise, equating to 17% of total revenue.

JAMF Holdings: International Expansion Powering Our Bullishness! – Major Drivers

By Baptista Research

  • Jamf, a leading software company specializing in Apple device management and security solutions, reported strong third-quarter 2024 results, surpassing revenue and non-GAAP operating income expectations.
  • The company’s year-over-year revenue growth reached 12%, with subscription revenue comprising a dominant 98% of total revenue.
  • Non-GAAP operating income rose significantly to $27.7 million, reflecting a margin improvement from 9% to 17%.

GoodRx Holdings: Can Its E-commerce Capabilities and Brand Drug Integration Help Tilt The Competitive Dynamics In Its Favor? – Major Drivers

By Baptista Research

  • In reviewing the most recent earnings for GoodRx Holdings, Inc., the company posted mixed results for the third quarter of 2024, highlighting both achievements and challenges.
  • GoodRx reported an 8% year-over-year increase in total revenue, reaching $195.3 million, with adjusted EBITDA growing 21% year-over-year, reflecting a higher-than-expected margin.
  • The company’s pharma manufacturer solutions segment showed substantial growth at 77% year-over-year, partially supported by the expansion of brand drug affordability programs.

InterDigital Inc.: These Are The 6 Biggest Factors Impacting Its Performance In 2025 & Beyond! – Major Drivers

By Baptista Research

  • InterDigital, Inc.’s third-quarter 2024 results reveal a blend of strategic progress and financial growth, marking a potentially positive trajectory for the company, though not without challenges.
  • Key achievements include surpassing their revenue, adjusted EBITDA, and EPS targets, which catalyzed an upward revision of their 2024 revenue guidance by $145 million to $860 million.
  • This growth is primarily attributed to new license agreements with major industry players like OPPO Group, which now includes coverage of their branded devices, thereby resolving pending litigations.

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Dec 29
0

Daily Brief Industrials: Acuity Brands and more

By | Daily Briefs, Industrials

In today’s briefing:

  • Acuity Brands: The Intelligent Spaces Expansion & Other Major Drivers

Acuity Brands: The Intelligent Spaces Expansion & Other Major Drivers

By Baptista Research

  • Acuity Brands, a prominent player in the lighting and building management industry, reported a solid performance for its fiscal 2024 fourth quarter and full year, showcasing both growth and strategic progress.
  • The company’s net sales reached $1 billion in the fourth quarter, marking a 2% year-over-year increase, driven by gains in its Lighting and Intelligent Spaces businesses.
  • This growth is attributed to their strong product vitality and strategic pricing, helping to manage costs effectively.

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Dec 29
0

Daily Brief Consumer: GoTo Gojek Tokopedia Tbk PT, Vesync, TSE Tokyo Price Index TOPIX, RPSG Ventures Limited, Honda Motor, Lithia Motors Inc Cl A, Autoliv Inc, Global Business Travel Group I, China Southern Airlines and more

By | Consumer, Daily Briefs

In today’s briefing:

  • GoTo Gojek Tokopedia (GOTO IJ) – Barbell Strategies and Fintech to Dominate in 2025
  • Vesync (2148 HK): The Yang Family’s Scheme Offer Is Light but Likely Done
  • There Are Still Very Many Companies with High Cash on Hand Relative to Sales
  • RPSG Ventures (RPSGV): BPO Business Has Normalized | FMCG Business Is Scaling Up
  • Last Week in Event SPACE: Honda, Shanghai Henlius, Exedy, Arcadium Lithium
  • Lithia Motors: Product Diversity & Pricing Strategy As A Strategic Growth Enabler! – Major Drivers
  • Autoliv Inc.: An Analysis Of Its Cost Efficiencies and Structural Initiatives! – Major Drivers
  • Global Business Travel Group (GTB): Will Its Technological Innovations & Automation Be A Breakthrough Move? – Major Drivers
  • Monthly Chinese Tourism Tracker | Outbound, Domestic Both Solid | TCOM: 2024’s Best (December 2024)

GoTo Gojek Tokopedia (GOTO IJ) – Barbell Strategies and Fintech to Dominate in 2025

By Angus Mackintosh

  • GoTo Gojek Tokopedia remains optimistic for the coming year, with increasing focus on converting hemat users to take up more premium products and it expands its suite of fintech offerings. 
  • Focus on profitability will remain core, with an emphasis on product-led initiatives such as GoFood Plus and GoFood Express, and increasing emphasis on growing its fintech offering across products. 
  • GoTo is increasingly using AI to improve both the customer experience and improve efficiencies. Advertising will increasingly become a tool to improve take rates with Tokopedia providing valuable cash flow.  

Vesync (2148 HK): The Yang Family’s Scheme Offer Is Light but Likely Done

By Arun George

  • Vesync (2148 HK) disclosed a Cayman scheme privatisation offer from the Yang family at HK$5.60, a 33.3% premium to the last close price of HK$4.20. The offer is final.   
  • While the offer is marginally above the IPO price, it is light compared to sell-side price targets, peer multiples and historical trading ranges.
  • Nevertheless, the scrip option, irrevocables and no disinterested shareholder holding a blocking stake facilitate the scheme vote. The offer could be completed by May. 

There Are Still Very Many Companies with High Cash on Hand Relative to Sales

By Aki Matsumoto

  • Of course, it’s desirable to be able to use cash to find effective investments, but it is important to return cash on hand with an immediate impact on ROE improvement.
  • Looking at all listed companies, there are a great many companies that have a large amount of cash on hand relative to sales.
  • Denso’s measures to reduce policy shareholdings plus share buybacks will directly improve ROE, even if the background was a desire to stem the rise in foreign shareholdings.

RPSG Ventures (RPSGV): BPO Business Has Normalized | FMCG Business Is Scaling Up

By Ankit Agrawal, CFA

  • The FMCG business continues to sustain annualized revenue of INR 500cr+ and with Q2FY25 revenue at INR 146cr, it is possible that annualized revenue may now sustain at INR 550cr+.
  • After having bottomed out a couple of quarters ago, the BPO business – Firstsource Solutions (“FSL”), is now performing strong with 6.9% QoQ and 22.7% YoY growth in revenue.
  • Revenue in the Sports business varies significantly each quarter based on scheduling of the sports events. Accordingly, in Q2FY25, revenues were not significant at INR 20cr.

Last Week in Event SPACE: Honda, Shanghai Henlius, Exedy, Arcadium Lithium

By David Blennerhassett

  • Honda (7267 JP)  announced a HUGE ¥1.1trln buyback. At ~¥1500/share, this would increase EPS by 17+%.  Buy the shares in the low ¥1,400s. Expect this to be a range trade.
  • Shanghai Henlius Biotech (2696 HK)‘s Circular is now out. Hoome straight and done deal. 
  • Murakami-San has started selling Exedy Corp (7278 JP), earlier than expected. Best to get out first, ask questions later.

Lithia Motors: Product Diversity & Pricing Strategy As A Strategic Growth Enabler! – Major Drivers

By Baptista Research

  • Lithia Motors, a significant player in the automotive retail sector, reported its financial results for the third quarter of 2024, showcasing both strengths and challenges.
  • The company’s revenue for the quarter reached a record $9.2 billion, representing an impressive 11% increase from the same period last year.
  • This growth was attributed to strategic expansions, improvements in cost efficiencies, and operational execution.

Autoliv Inc.: An Analysis Of Its Cost Efficiencies and Structural Initiatives! – Major Drivers

By Baptista Research

  • Autoliv, Inc.’s recent financial performance in the third quarter of 2024 presents a mixed view of the company’s standing and market strategies.
  • The company demonstrated resilience amidst declining global light vehicle production, maintaining stable earnings and effectively managing cost reductions.
  • Autoliv outperformed the broader market, surpassing light vehicle production by four percentage points, an achievement attributed to its diverse product portfolio and robust customer relationships.

Global Business Travel Group (GTB): Will Its Technological Innovations & Automation Be A Breakthrough Move? – Major Drivers

By Baptista Research

  • American Express Global Business Travel (GBT) demonstrated strong financial performance in the third quarter of 2024.
  • The company experienced growth in demand for its offerings and managed to significantly increase its adjusted EBITDA by 23% to $118 million, with a notable margin expansion of 300 basis points.
  • This margin growth was supported by a focused approach on cost management and by leveraging operating efficiencies.

Monthly Chinese Tourism Tracker | Outbound, Domestic Both Solid | TCOM: 2024’s Best (December 2024)

By Daniel Hellberg

  • Almost two years into China’s travel recovery, November outbound activity grew strongly
  • Domestic air travel demand also showed solid growth, has accelerated since Spring ’24
  • Trip.com best performing stock in this group in ’24, but it no longer offers much value

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Dec 29
0

Daily Brief Energy/Materials: Helix Energy Solutions Group and more

By | Daily Briefs, Energy & Materials Sector

In today’s briefing:

  • Helix Energy Solutions: Expanding Robotics Segment For Unmatched Impact! – Major Drivers

Helix Energy Solutions: Expanding Robotics Segment For Unmatched Impact! – Major Drivers

By Baptista Research

  • Helix Energy Solutions Group delivered solid third-quarter 2024 financial results marked by a combination of robust performance in key segments and some challenges.
  • The company’s revenue for the quarter was $342 million, with a gross profit of $66 million and net income of $29.5 million.
  • The adjusted EBITDA was reported at $88 million, and they generated a free cash flow of $53 million, indicative of strong cash management with available liquidity at $399 million.

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Dec 28
0

Daily Brief Quantitative Analysis: Hong Kong Buybacks Weekly (Dec 27th): Tencent and more

By | Daily Briefs, Quantitative Analysis

In today’s briefing:

  • Hong Kong Buybacks Weekly (Dec 27th): Tencent, Kuaishou Technology, AIA

Hong Kong Buybacks Weekly (Dec 27th): Tencent, Kuaishou Technology, AIA

By Ke Yan, CFA, FRM

  • We analyze statistics on top repurchases over one week, one month, one quarter and one year periods ended on Dec 27th based on HKEx daily reports.
  • In the past 7 days, the top 3 companies that repurchased the most shares from the market were Tencent (700 HK), Kuaishou Technology (1024 HK), AIA (1299 HK).
  • In the past 30 days, the top 3 companies that repurchased the most shares from the market were Tencent (700 HK), AIA (1299 HK), Kuaishou Technology (1024 HK).

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Dec 28
0

Daily Brief ESG: Dividend Procedure Improvement Plan in Compliance with Global Standards Is Passed into Law and more

By | Daily Briefs, ESG

In today’s briefing:

  • Dividend Procedure Improvement Plan in Compliance with Global Standards Is Passed into Law

Dividend Procedure Improvement Plan in Compliance with Global Standards Is Passed into Law

By Douglas Kim

  • Amid chaos in Korean politics (including impeachment of the Acting President Han Duck Soo), the FSC announced that the change in the procedure for quarterly dividends was passed into law.
  • The main change that has been made is that the the investors will know in advance how much they will receive in quarterly dividends. 
  • Amid market turmoil, numerous high dividend paying stocks such as Hankook & Company, HD Hyundai, and KT Corp have been outperforming the market this year. 

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Dec 28
0

Daily Brief ECM: Calendar Effects Trading Strategy: Combining TOY and Santa Rally Effects for Enhanced Returns and more

By | Daily Briefs, ECM

In today’s briefing:

  • Calendar Effects Trading Strategy: Combining TOY and Santa Rally Effects for Enhanced Returns

Calendar Effects Trading Strategy: Combining TOY and Santa Rally Effects for Enhanced Returns

By William Mann

  • Calendar effects in equity markets have persisted despite widespread knowledge of their existence. 
  • Combine the Turn-of-Year (TOY) effect with the Santa Rally phenomenon systematically 
  • The trading approach historically generates 1.4-2.0% returns over a 7-day period, with a win rate of 75% since 2000.

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Dec 28
0

Daily Brief Thematic (Sector/Industry): Real Estate:  Recovery Among Active GEM Funds and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • Real Estate:  Recovery Among Active GEM Funds
  • Japan Weekly | Market Resilience – Honda, MMC, Sega
  • #76 India Insight: Cochin’s ₹450 Cr Tug Order, Dixon’s Refrigerator Play, Wabag’s African Expansion
  • Singapore Market Roundup (27-Dec-2024): OCBC raises Keppel DC REIT value.

Real Estate:  Recovery Among Active GEM Funds

By Steven Holden

  • Real Estate exposure among active Emerging Market funds is rebounding after a decade-long bear market from 2012-2022.
  • Average weights are at their highest levels in 10 years. Despite this recovery, Real Estate remains a “non-essential” sector, with 23% of funds avoiding exposure entirely.
  • Country-Level trends highlight a rotation from China into the U.A.E, driven by record-high fund ownership in names like Emaar Properties Pjsc (EMAAR UH) and Aldar Properties PJSC (ALDAR UH)

Japan Weekly | Market Resilience – Honda, MMC, Sega

By Mark Chadwick

  • Japan’s markets displayed resilience this week, with the Nikkei 225 surging 4% and the Topix climbing 3.7%, buoyed by a weaker yen that bolstered exporter gains
  • Honda’s stock soared 25% this week, driven by the announcement of a massive share buyback of up to ¥1.1 trillion
  • Sega Sammy’s stock surged 18% this week, fueled by the stellar box office performance of the film Sonic × Shadow

#76 India Insight: Cochin’s ₹450 Cr Tug Order, Dixon’s Refrigerator Play, Wabag’s African Expansion

By Sudarshan Bhandari

Singapore Market Roundup (27-Dec-2024): OCBC raises Keppel DC REIT value.

By Singapore Market Roundup

  • OCBC Investment Research increases fair value for Keppel DC REIT thanks to improved portfolio diversity and performance.
  • DBS sticks with ‘buy’ recommendation for ComfortDelGro despite higher platform fees, citing CPF contribution costs.
  • Both recommendations reflect positive outlook for these companies in light of recent market changes.

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Dec 28
0

Daily Brief Event-Driven: Nidec Goes Hostile On Makino Milling at ¥11 and more

By | Daily Briefs, Event-Driven

In today’s briefing:

  • Nidec Goes Hostile On Makino Milling at ¥11,000/Share
  • What We’ve Got on Samsung Electronics’ Value-Up Disclosure
  • Makino Milling Machine (6135 JP): Nidec’s (6594 JP) Hostile Preconditional Tender Offer at JPY11,000

Nidec Goes Hostile On Makino Milling at ¥11,000/Share

By Travis Lundy

What We’ve Got on Samsung Electronics’ Value-Up Disclosure

By Sanghyun Park

  • Yesterday, the FSC pushed for value-up policies, but the real buzz was about Samsung Electronics hinting at rolling out its own value-up plan soon.
  • Samsung may raise its dividend payout from 50% to 60% and could issue a special dividend if semiconductor results improve or FCF exceeds expectations.
  • Samsung’s value-up disclosure may not cause short-term price action but could strengthen downside support. It may focus on dividends over buybacks, potentially boosting preferred stock.

Makino Milling Machine (6135 JP): Nidec’s (6594 JP) Hostile Preconditional Tender Offer at JPY11,000

By Arun George

  • Nidec Corp (6594 JP) announced a hostile preconditional tender offer for Makino Milling Machine Co (6135 JP) at JPY11,000 per share, an 18.9% premium to the last close.
  • The offer is preconditioned on several regulatory approvals. It is scheduled to start on 4 April, even if the Board does not recommend it. 
  • The Board has three options: engage to facilitate a friendly offer, find a white knight bidder and launch an ambitious MTM plan to thwart the offer. 

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Dec 28
0

Daily Brief Equity Bottom-Up: The Beat Ideas- Adani Energy Solution: Riding the Electricity Wave and more

By | Daily Briefs, Equity Bottom-Up

In today’s briefing:

  • The Beat Ideas- Adani Energy Solution: Riding the Electricity Wave
  • The Beat Ideas: Strides Pharma~ A Growth Play Post OneSource Demerger
  • The US-China Trade War Is Likely to Split the Semiconductor Industry into Two Groups.
  • China Logistics (Part 2): All JD Logistic Roads Lead Back to S.F. Express
  • ChampionX Corporation: These Are The 6 Biggest Factors Impacting Its Performance In 2025 & Beyond! – Major Drivers
  • China Logistics (Part 1): ZTO Has a Unit Economics Problem
  • Korea Small Cap Gem #31: Daesang – A Consistently Profitable F&B Company Run by the Lim Sisters
  • Eli Lilly’s Weight Loss Revolution: Is It Edging Out Novo Nordisk?
  • Enfusion Inc.: Leveraging Managed Services for Faster Monetization To Change The Game! – Major Drivers
  • Euronet Worldwide: Money Transfer Growth and Strategic Partnerships Driving Our Optimism! – Major Drivers

The Beat Ideas- Adani Energy Solution: Riding the Electricity Wave

By Sudarshan Bhandari

  • Adani Transmission (ADANIT IN) is one of the largest private player in transmission.
  • The management has guided for 20% YOY revenue & EBITDA growth for long term
  • Alongside it is trying to diversify from transmission & distribution which are regulated by the government and entered in Smart Meters, Cooling Services etc.

The Beat Ideas: Strides Pharma~ A Growth Play Post OneSource Demerger

By Sudarshan Bhandari

  • Strides Pharma achieved record growth in the US, launched high-ticket generics, and is spinning off OneSource CDMO with a projected valuation of $1.8-$2 billion by Q4FY25.
  • Deleveraging efforts, diversified revenue streams, and regulatory approvals position Strides for profitability recovery, with expected FY26 EBITDA of ₹1,000 crore, driving long-term growth.
  • Strides is evolving into a leaner, growth-focused entity with reduced debt, a strong US portfolio, and OneSource spin-off, offering ~25% upside from its current market valuation.

The US-China Trade War Is Likely to Split the Semiconductor Industry into Two Groups.

By Patrick Liao

China Logistics (Part 2): All JD Logistic Roads Lead Back to S.F. Express

By Robert McKay

  • Despite being breakeven just quarters ago, JD Logistics (2618 HK) has achieved profitability on par with global peers nearly 3x its size. Margin still has upside with further subsidiary integration;
  • JDL is still positioned to accelerate revenue by taking share from S.F. Holding (6936 HK) in untapped opportunities, including domestic B2C (Taobao/Tmall), cross-border B2C (Kuayue acquisition), and B2B;
  • JDL’s stock price rose 60%+ while it was our top pick for 2024. We reiterate the company as our TOP buy idea in the China logistics space for 2025;

ChampionX Corporation: These Are The 6 Biggest Factors Impacting Its Performance In 2025 & Beyond! – Major Drivers

By Baptista Research

  • ChampionX Corporation delivered a mixed set of results in the fourth quarter and full year 2023, revealing both strengths and challenges in its financial performance and market position.
  • The company reported fourth-quarter revenue of $944 million, which was slightly up sequentially but 4% lower year-over-year, reflecting the impacts of softer U.S. land drilling and completions activity.
  • However, the company’s adjusted EBITDA remained flat from the previous quarter at $198 million, marking a 10% increase over the prior year, driven by higher volumes, productivity, and cost management.

China Logistics (Part 1): ZTO Has a Unit Economics Problem

By Robert McKay

  • ZTO’s market share losses may accelerate as peers continue to cut prices. Worse yet, margins of its competitors are improving, which will sustain the war for a longer time;
  • ZTO has maintained profitability growth despite the price war, but we think this situation is unsustainable. Management will eventually need to sacrifice profitability or suffer accelerated share loss. 
  • We now take a more bearish view on ZTO as we see no quick solution to the profit and market share balancing act. 

Korea Small Cap Gem #31: Daesang – A Consistently Profitable F&B Company Run by the Lim Sisters

By Douglas Kim

  • Daesang is one of the leading F&B companies in Korea. It is especially well known for its sauces, kimchi, and miwon (MSG) food ingredients. 
  • Daesang has relatively attractive valuation multiples. It is trading at P/E of 5.6x, P/B of 0.46x, and EV/EBIT of 6.4x in 2025. Daesang consistently generates positive net profit.
  • Daesang Holdings (084690 KS) is the largest shareholder of Daesang Corp with a 39.3% stake. Two sisters (Lim Sang-Min and Lim Se-Ryeong) are the two largest shareholders of Daesang Holdings.

Eli Lilly’s Weight Loss Revolution: Is It Edging Out Novo Nordisk?

By Baptista Research

  • In a pivotal moment for the weight-loss and anti-obesity market, Eli Lilly & Co. has solidified its leadership position following groundbreaking developments around its drug Zepbound.
  • Recently approved in the United States for treating sleep apnea in obese patients, Zepbound has set a historic precedent as the first drug targeting the underlying causes of this condition.
  • This development, coupled with robust sales and a promising pipeline, gives Eli Lilly a clear advantage over its primary competitor, Novo Nordisk, whose experimental drug CagriSema underperformed expectations.

Enfusion Inc.: Leveraging Managed Services for Faster Monetization To Change The Game! – Major Drivers

By Baptista Research

  • Enfusion, Inc., during its third-quarter 2024 earnings presentation, demonstrated robust progress in executing its strategic initiatives.
  • The company achieved a 15% year-over-year increase in revenue, reaching $51.2 million, with notable growth driven by its strategic focus on larger, up-market clients and geographical expansion.
  • Despite favorable revenue growth, the minor challenges faced included slower back book expansion, particularly in the Asia-Pacific (APAC) region, due to geopolitical uncertainties and economic conditions, which impacted organic growth.

Euronet Worldwide: Money Transfer Growth and Strategic Partnerships Driving Our Optimism! – Major Drivers

By Baptista Research

  • Euronet Worldwide has reported its third-quarter financial results for 2024, showing a record performance in key financial metrics.
  • The company achieved a revenue of $1.1 billion, with operating income standing at $182 million.
  • Adjusted EBITDA reached $226 million, and adjusted earnings per share (EPS) were reported at $3.03, marking an increase of 11% from the previous year.

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