Smartkarma Daily Briefs

On 8 April, Hanwha Aerospace (012450 KS) announced that it plans to lower its rights offering capital raise amount from 3.6 trillion won to 2.3 trillion won (US$1.6 billion).
The remaining 1.3 trillion won will be secured through a third-party allocation paid-in capital increase targeting three companies, including Hanwha Energy, Hanwha Impact Partners, and Hanwha Energy Singapore.
Hanwha Aerospace disclosed today that it expects sales of 30 trillion won (58% higher than consensus) and operating profit of 3 trillion won (20% higher than consensus) in 2025.

Duality Biotherapeutics (映恩生物) IPO: Valuation Upside at Risk

By Ke Yan, CFA, FRM

Duality, a China-based clinical-stage biotechnology company, launched its IPO to raise up to US$200m via a Hong Kong listing.
We look at the deal dynamics and latest developments in the biotech sector.
The deal initially presented upside for investors but there’s a portion of its valuation now at risk due to the latest development.

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Apr 09

Daily Brief Health Care: Duality Biotherapeutics, S&P 500 INDEX, Eli Lilly & Co, LogicMark , Park Medi World and more

By Smartkarma Daily Briefs | Daily Briefs, Healthcare

In today’s briefing:

Duality Biotherapeutics (映恩生物) IPO: Valuation Upside at Risk
S&P 500 and Nasdaq 100 Testing Prior 2022 Highs; Still Bearish and Cautious
Eli Lilly and Co: Mounjaro & Zepbound Catalyzing Growth, But Challenges Linger!
LGMK: Potential Revenue Catalysts: GSA Approval, Medicaid Waivers, Device Upgrades
Park Medi World Pre-IPO Tearsheet

Duality Biotherapeutics (映恩生物) IPO: Valuation Upside at Risk

By Ke Yan, CFA, FRM

Duality, a China-based clinical-stage biotechnology company, launched its IPO to raise up to US$200m via a Hong Kong listing.
We look at the deal dynamics and latest developments in the biotech sector.
The deal initially presented upside for investors but there’s a portion of its valuation now at risk due to the latest development.

S&P 500 and Nasdaq 100 Testing Prior 2022 Highs; Still Bearish and Cautious

By Joe Jasper

Since late-February (2/25/25 Compass) we expected an 8-10% pullback to provide a buying opportunity. But that all changed in last week’s Compass (4/1/25), when we downgraded our outlook to bearish/cautious.
A historic selloff has ensued and significant damage has been done as market dynamics have worsened.
Until we see some base-building process develop alongside improving market dynamics, we remain cautious and we continue to favor defensives as long as the SPX is below its 200-day MA.

Eli Lilly and Co: Mounjaro & Zepbound Catalyzing Growth, But Challenges Linger!

Eli Lilly and Company reported strong growth and progress during its fourth quarter and full fiscal year 2024 results.
The company saw a significant increase in revenue, primarily driven by notable sales of its new products, including Mounjaro and Zepbound, which contributed significantly to an impressive 45% increase in quarterly revenue and a 32% increase for the full year.
The company benefited from the successful momentum of various newly launched medications across multiple regions, including impressive uptake in European markets.

LGMK: Potential Revenue Catalysts: GSA Approval, Medicaid Waivers, Device Upgrades

By Zacks Small Cap Research

The company launched the next-gen of the Guardian Alert 911 Plus in February.
The update integrates advanced fall detection and eliminates recurring monthly subscriptions.
The updated device offers 4G LTE technology combined with fall detection in a more compact form.

Park Medi World Pre-IPO Tearsheet

By Nicholas Tan

Park Medi World (1605334D IN) is looking to raise at least US$147m in its upcoming India IPO. The deal will be run by Nuvama, CLSA, DAM Capital and Intensive FS.
It is the second largest private hospital chain in North India, with an aggregate bed capacity of 3,000 beds.
It the largest private hospital chain in terms of bed capacity in Haryana with 1,600 beds located in the state as of 1H25.

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Apr 09

Daily Brief Industrials: Tokyo Metro, Hanwha Aerospace, Jiangsu Zenergy Battery Technologies, FuelCell Energy , Atkore Inc, Intuitive Machines , Bwx Technologies and more

By Smartkarma Daily Briefs | Daily Briefs, Industrials

In today’s briefing:

TOPIX Index Upweights: Great Hit Rate; Strong Trade Performance; A Rare Win!
Hanwha Aerospace – Lowers Rights Offering Capital Raise Amount To 2.3 Trillion Won
Jiangsu Zenergy Battery Tech IPO: Forecasts and Valuation
FuelCell Energy: An Insight into Its Partnership with Diversified Energy & TESIAC & Key Growth Levers!
Atkore’s Import Defense Plan Could Protect Margins — A Smart BUY Opportunity?
Intuitive Machines: Here’s How Reddit’s Favorite Stock Is Expanding Lunar Delivery Services & Capitalizing On Government & National Security Collaborations!
BWX Technologies Powers Ahead with Revolutionary Reactor Development Breakthroughs!

TOPIX Index Upweights: Great Hit Rate; Strong Trade Performance; A Rare Win!

By Janaghan Jeyakumar, CFA

In the TOPIX Index, some “low liquidity” names carry a liquidity factor of 0.75x resulting in their actual index weights being smaller than their default weights.
These names are reviewed every April and if the liquidity factor of a stock gets removed, the stock will see index inflows from passive trackers of TOPIX.
The results for April 2025 liquidity factor removal have been confirmed and we achieved very high hit rates for our High and Medium conviction baskets.

Hanwha Aerospace – Lowers Rights Offering Capital Raise Amount To 2.3 Trillion Won

By Shifara Samsudeen, FCMA, CGMA

On 8 April, Hanwha Aerospace (012450 KS) announced that it plans to lower its rights offering capital raise amount from 3.6 trillion won to 2.3 trillion won (US$1.6 billion).
The remaining 1.3 trillion won will be secured through a third-party allocation paid-in capital increase targeting three companies, including Hanwha Energy, Hanwha Impact Partners, and Hanwha Energy Singapore.
Hanwha Aerospace disclosed today that it expects sales of 30 trillion won (58% higher than consensus) and operating profit of 3 trillion won (20% higher than consensus) in 2025.

Jiangsu Zenergy Battery Tech IPO: Forecasts and Valuation

Jiangsu Zenergy Battery Technologies (JSZENERGY CH) has announced the terms for its IPO. The company plans to issue 121.5m shares at HK$8.27 per share, raising HK$1.0bn (US$130m).
The company’s earnings have seen strong growth during the last 3-4 years driven by its LFP battery products and fall in lithium carbonate prices have helped turn around profitability.
However, our analysis on the company’s valuation shows that JZBT’s IPO is expensive and with the ongoing geopolitical tensions, we would remain on the sidelines.

FuelCell Energy: An Insight into Its Partnership with Diversified Energy & TESIAC & Key Growth Levers!

FuelCell Energy provides a consolidated update for its first fiscal quarter of 2025, which showcases both achievements and ongoing challenges.
The company reported revenues of $19 million for the quarter, marking an increase from $16.7 million in the corresponding period of the previous year.
Despite the revenue boost, FuelCell Energy incurred a net loss attributable to common stockholders of $29.1 million, translating to a loss per share of $1.42, a slight increase from the $1.37 per share loss in the first quarter of fiscal 2024.

Atkore’s Import Defense Plan Could Protect Margins — A Smart BUY Opportunity?

Atkore International Group’s first quarter fiscal year 2025 results were broadly aligned with expectations, but there are notable challenges and developments within the company that are influencing its forward-looking guidance.
The company reported net sales of $662 million and adjusted EBITDA of $99 million, both within the anticipated range.
Adjusted EPS was also near the high end of the forecast at $1.63, despite a 5% decline in organic volume compared to a strong prior-year quarter.

Intuitive Machines: Here’s How Reddit’s Favorite Stock Is Expanding Lunar Delivery Services & Capitalizing On Government & National Security Collaborations!

Intuitive Machines captures attention as it reported record revenue and cash flows in strong Q4 and full-year financials for 2024.
The space exploration company, which became publicly traded just two years ago, showcased technical capabilities and achievements.
However, there are aspects to weigh when evaluating an investment in Intuitive Machines.

BWX Technologies Powers Ahead with Revolutionary Reactor Development Breakthroughs!

BWX Technologies, Inc. recorded a strong performance for its fourth quarter and full year 2024, with earnings exceeding initial projections and a significant backlog increase.
The company achieved records in several financial metrics, including revenue, adjusted EBITDA, adjusted earnings per share, and free cash flow.
The strategic focus on nuclear technology across various sectors, including national security, clean energy, and medicine, positioned BWX Technologies to harness growing market demand.

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Apr 09

Daily Brief Energy/Materials: Active Energy Group, Base Oil and more

By Smartkarma Daily Briefs | Daily Briefs, Energy & Materials Sector

In today’s briefing:

Hybridan Small Cap Feast: 31/03/2025
Global base oils margins outlook: Week of 7 April
Asia base oils supply outlook: Week of 7 April
Americas/EMEA base oils supply outlook: Week of 7 April
Americas/EMEA base oils demand outlook: Week of 7 April
Global base oils arb outlook: Week of 7 April

Hybridan Small Cap Feast: 31/03/2025

By Hybridan

The international biomass based renewable energy business, today announced that its European patent application has been allowed under a Patent Application for its innovative “Process for Beneficiating and Cleaning Biomass”.
This forthcoming Patent strengthens the intellectual property portfolio underpinning the Company’s CoalSwitch technology, a next-generation solution for producing sustainable biomass fuel.
The newly allowed patent application will grant protection in several EU countries reinforcing Active Energy’s innovation in the global biomass industry.

Global base oils margins outlook: Week of 7 April

Global base oils prices face growing upward pressure versus feedstock/diesel prices following slump in crude oil prices.
Firming base oils premium points to tightening supply and rising demand, incentivizing refiners to maintain or raise output.
Recent slump in crude oil prices reflects concern about slowdown in global economic activity and subsequent drop in demand.

Asia base oils supply outlook: Week of 7 April

Asia’s base oils prices resume rise versus feedstock/gasoil prices.
Rising margins point to still-firm supply-demand fundamentals at start of Q2 2025.
That dynamic could change in coming weeks if economic growth slows, compounding typical seasonal dip in demand from end of second quarter.

Americas/EMEA base oils supply outlook: Week of 7 April

US base oils prices rise versus crude oil/competing fuel prices.
Base oils margins rise because of slump in crude oil prices.
Base oils premium to VGO previously stayed in relatively narrow range even with round of plant maintenance work and at time of year when demand faces seasonal boost.

Americas/EMEA base oils demand outlook: Week of 7 April

US base oils demand could weaken in face of widespread market volatility and slumping crude prices.
Any slowdown in demand would be at a time of year when consumption typically gets a seasonal boost.
More muted demand would cushion impact of round of base oils plant maintenance work.

Global base oils arb outlook: Week of 7 April

US Group II base oils export price-discount to CFR India prices widens further through March 2025 even ahead of imposition of US tariffs and slump in crude oil prices.
US Group I brightstock export price flips to rare discount to CFR India price in recent weeks.
Ongoing weakness of US export prices points to weaker-than-usual domestic demand.

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Apr 09

Daily Brief Industrials: Tokyo Metro, Hanwha Aerospace, Jiangsu Zenergy Battery Technologies, FuelCell Energy , Atkore Inc, Intuitive Machines , Bwx Technologies and more

By Smartkarma Daily Briefs | Daily Briefs, Industrials

In today’s briefing:

TOPIX Index Upweights: Great Hit Rate; Strong Trade Performance; A Rare Win!
Hanwha Aerospace – Lowers Rights Offering Capital Raise Amount To 2.3 Trillion Won
Jiangsu Zenergy Battery Tech IPO: Forecasts and Valuation
FuelCell Energy: An Insight into Its Partnership with Diversified Energy & TESIAC & Key Growth Levers!
Atkore’s Import Defense Plan Could Protect Margins — A Smart BUY Opportunity?
Intuitive Machines: Here’s How Reddit’s Favorite Stock Is Expanding Lunar Delivery Services & Capitalizing On Government & National Security Collaborations!
BWX Technologies Powers Ahead with Revolutionary Reactor Development Breakthroughs!

TOPIX Index Upweights: Great Hit Rate; Strong Trade Performance; A Rare Win!

By Janaghan Jeyakumar, CFA

In the TOPIX Index, some “low liquidity” names carry a liquidity factor of 0.75x resulting in their actual index weights being smaller than their default weights.
These names are reviewed every April and if the liquidity factor of a stock gets removed, the stock will see index inflows from passive trackers of TOPIX.
The results for April 2025 liquidity factor removal have been confirmed and we achieved very high hit rates for our High and Medium conviction baskets.

Hanwha Aerospace – Lowers Rights Offering Capital Raise Amount To 2.3 Trillion Won

By Shifara Samsudeen, FCMA, CGMA

On 8 April, Hanwha Aerospace (012450 KS) announced that it plans to lower its rights offering capital raise amount from 3.6 trillion won to 2.3 trillion won (US$1.6 billion).
The remaining 1.3 trillion won will be secured through a third-party allocation paid-in capital increase targeting three companies, including Hanwha Energy, Hanwha Impact Partners, and Hanwha Energy Singapore.
Hanwha Aerospace disclosed today that it expects sales of 30 trillion won (58% higher than consensus) and operating profit of 3 trillion won (20% higher than consensus) in 2025.

Jiangsu Zenergy Battery Tech IPO: Forecasts and Valuation

Jiangsu Zenergy Battery Technologies (JSZENERGY CH) has announced the terms for its IPO. The company plans to issue 121.5m shares at HK$8.27 per share, raising HK$1.0bn (US$130m).
The company’s earnings have seen strong growth during the last 3-4 years driven by its LFP battery products and fall in lithium carbonate prices have helped turn around profitability.
However, our analysis on the company’s valuation shows that JZBT’s IPO is expensive and with the ongoing geopolitical tensions, we would remain on the sidelines.

FuelCell Energy: An Insight into Its Partnership with Diversified Energy & TESIAC & Key Growth Levers!

FuelCell Energy provides a consolidated update for its first fiscal quarter of 2025, which showcases both achievements and ongoing challenges.
The company reported revenues of $19 million for the quarter, marking an increase from $16.7 million in the corresponding period of the previous year.
Despite the revenue boost, FuelCell Energy incurred a net loss attributable to common stockholders of $29.1 million, translating to a loss per share of $1.42, a slight increase from the $1.37 per share loss in the first quarter of fiscal 2024.

Atkore’s Import Defense Plan Could Protect Margins — A Smart BUY Opportunity?

Atkore International Group’s first quarter fiscal year 2025 results were broadly aligned with expectations, but there are notable challenges and developments within the company that are influencing its forward-looking guidance.
The company reported net sales of $662 million and adjusted EBITDA of $99 million, both within the anticipated range.
Adjusted EPS was also near the high end of the forecast at $1.63, despite a 5% decline in organic volume compared to a strong prior-year quarter.

Intuitive Machines: Here’s How Reddit’s Favorite Stock Is Expanding Lunar Delivery Services & Capitalizing On Government & National Security Collaborations!

Intuitive Machines captures attention as it reported record revenue and cash flows in strong Q4 and full-year financials for 2024.
The space exploration company, which became publicly traded just two years ago, showcased technical capabilities and achievements.
However, there are aspects to weigh when evaluating an investment in Intuitive Machines.

BWX Technologies Powers Ahead with Revolutionary Reactor Development Breakthroughs!

BWX Technologies, Inc. recorded a strong performance for its fourth quarter and full year 2024, with earnings exceeding initial projections and a significant backlog increase.
The company achieved records in several financial metrics, including revenue, adjusted EBITDA, adjusted earnings per share, and free cash flow.
The strategic focus on nuclear technology across various sectors, including national security, clean energy, and medicine, positioned BWX Technologies to harness growing market demand.

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Apr 09

Daily Brief TMT/Internet: Bestechnic Shanghai , SK Inc, Power Integrations, Ncr Corporation, Taiwan Semiconductor (TSMC), Beijing Yunji Technology Ltd, Synnex Corp, DoubleVerify, Tuya Inc and more

By Smartkarma Daily Briefs | Daily Briefs, TMT/Internet

In today’s briefing:

STAR50/STAR100 Index Rebalance Preview: Central Huijin’s ETF Creations Skew Performance
Key Implications of SK Inc’s Disposal of SK Siltron
Potential Sale of a Controlling Stake in SK Siltron to Hahn & Co
Power Integrations Powers Up with GaN Breakthroughs—Is It Time To BUY Into the Future?
NCR Voyix: How Its Gradual Transition to a Recurring Revenue Model Is Panning Out In Terms Of Financial Impact!
Is the Valuations Divergence Justified? Mediatek Vs TSMC
Beijing Yunji Technology Ltd Pre-IPO Tearsheet
TD SYNNEX: 5 Major Risks That Could Undermine Its 2025 Strategy!
DoubleVerify Just Partnered With Meta and TikTok—Is This the Ultimate Social Media Power Play?
TUYA: Investor Day Highlights “AI + IoT” Strategy

STAR50/STAR100 Index Rebalance Preview: Central Huijin’s ETF Creations Skew Performance

By Brian Freitas

Nearing the end of the review period, we forecast 1 change for the SSE STAR50 (STAR50 INDEX) and 4 changes for the STAR100 Index in June.
We estimate turnover of 1.9% for the SSE STAR50 (STAR50 INDEX) and 4.5% for the STAR100 Index. The estimated round-trip trade is CNY 7.5bn (US$1.02bn).
Large ETF inflows could have led to the recent underperformance of a long add/ short delete trade. That could reverse once markets stabilize or when the passives trade the rebalance.

Key Implications of SK Inc’s Disposal of SK Siltron

By Sanghyun Park

SK Inc is selling SK Siltron to cut its 68% debt-to-equity ratio. The sale could reduce borrowings below ₩5T and lower debt ratio to 30-40%.
Chey Tae-won’s divorce lawsuit risks his majority stake in SK Inc. Selling Siltron helps raise ₩1T for alimony without touching his SK Inc shares, potentially reducing the holding company discount.
SK Inc-SK Square merger is unlikely soon, despite asset sales and preparation on both sides, as SK Square recently reaffirmed no current merger plans. Setting a position now seems premature.

Potential Sale of a Controlling Stake in SK Siltron to Hahn & Co

In this insight, we discuss about SK Inc (034730 KS) which is considering on selling the controlling stake of SK Siltron.
If SK is successful in selling 70.6% stake in SK Siltron for about 5 trillion won, it could result in more than 3 trillion won cash inflow for SK Inc.
Our base case valuation of SK Inc is NAV of 13.9 trillion won (NAV per share of 192,217 won), representing a 61% upside from current levels.

Power Integrations Powers Up with GaN Breakthroughs—Is It Time To BUY Into the Future?

Power Integrations, Inc., a company renowned for its high-performance electronic components focused on power conversion, reported its fourth quarter and full-year results, highlighting a mix of challenges and opportunities.
The company’s Q4 revenue reached $105 million, marking an 18% increase year-over-year but a sequential decline of 9%.
Despite these mixed signals, revenue for 2024 stood at $419 million, reflecting a 6% decrease from the previous year.

NCR Voyix: How Its Gradual Transition to a Recurring Revenue Model Is Panning Out In Terms Of Financial Impact!

NCR Voyix’s latest earnings offers crucial insights into the company’s strategic position and operational performance over the fourth quarter of 2024.
The company reported a decline in revenue, notably from its hardware division, aligning with expectations of a challenging market environment.
The total revenue stood at $682 million, with adjusted EBITDA showing a significant increase by 75% to $114 million, aided by cost-cutting measures and a focus on recurring revenue streams.

Is the Valuations Divergence Justified? Mediatek Vs TSMC

By Nicolas Baratte

From mid-Feb-25 to yesterday, MTK’s stock has declined -18% versus TSM -25%. Similar enough. But Mediatek is trading at average forward PEx 16.6x whereas TSMC is cheap at 12.8x.
Consensus forecasts more growth for TSM over 2025-27, a strong 2025 with EPS up 33%. Less growth for MTK, a slow 2025 with EPS up 9%. Why MTK more expensive?
Higher growth but lower PEx, how much risk in TSM earnings? Low valuations could reflect a misunderstanding on the impact of US import tariffs.

Beijing Yunji Technology Ltd Pre-IPO Tearsheet

By Rosita Fernandes

Beijing Yunji Technology Ltd (1860671D CH) (BYTL) is planning to raise about US$100m through its upcoming Hong Kong IPO. The lead bookrunners for the deal are Citic, CBB International.
BYTL provides hospitality robotic AI agents, using advanced robotics and AI to enhance customer experiences. Its solutions include physical-interaction robots and AI-driven digitalization systems for streamlined decision-making and operational efficiency.
According to the F&S Report, BYTL ranked first globally in 2024 among robotic AI agent companies with multi-layer adaptable robots, leading in concurrent robot operations and total consumers served.

TD SYNNEX: 5 Major Risks That Could Undermine Its 2025 Strategy!

TD SYNNEX Corporation’s recent financial performance and forward-looking statements offer a mixed picture for investors.
On the positive side, the company reported strong growth across several key business segments in its First Quarter of Fiscal 2025 earnings.
Gross billings increased by 7.5% year-over-year and by 9.5% in constant currency terms, indicating robust demand for its products and services.

DoubleVerify Just Partnered With Meta and TikTok—Is This the Ultimate Social Media Power Play?

DoubleVerify, a company providing digital media measurement solutions, concluded 2024 with several notable achievements and a number of challenges that shape both its financial performance and future outlook.
Overall, DoubleVerify delivered substantial growth in revenue, achieving a 15% year-over-year increase to $657 million.
This growth was driven by significant momentum across its three main revenue streams.

TUYA: Investor Day Highlights “AI + IoT” Strategy

By Water Tower Research

Tuya hosted its Investor Day on April 2, 2025, in Hangzhou, China and provided an update on its evolving “AI + IoT” strategy and its vision for enabling large-scale AI commercialization.
The event, attended by nearly 100 institutional and individual investors, featured key sessions including a corporate overview by the CEO and CFO, a deep dive into the AI Agent Development Platform, an introduction to Tuya’s AI system architecture, live demonstrations of AI-powered hardware, and an investor Q&A session.
The catchphrase of the event was “With AI, smart hardware finally becomes truly smart.”

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Apr 09

Daily Brief Consumer: LG Electronics India, Chagee Holdings, frontdoor Inc, TSE Tokyo Price Index TOPIX, Cable One Inc, GameStop, Lululemon Athletica, Pvh Corp, Amsterdam Commodities Nv, McCormick & Company and more

By Smartkarma Daily Briefs | Consumer, Daily Briefs

In today’s briefing:

LG Electronics India Pre-IPO – Peer Comparison – Largest but One of the Slowest
Chagee IPO: Peer Comp and Thoughts on Valuation
Frontdoor Just Launched a Game-Changing App—Is This the Future of Home Services?
Companies May Worked on Raising OP Margin in Minor Ways Without Working on Raising Gross Margins
Cable One’s Billion-Dollar Bet: Can Tech Upgrades & Customer Gains Help Them Outrun the Competition?
GameStop’s Secret Weapon: How Smart Vendor Deals Could Revive Its Fortunes!
Lululemon Athletica Faces New Tariff Pressures Through Vietnam
PVH Corporation’s Mixed Bag: Calvin Klein & Tommy Hilfiger Shine But Global Headwinds & China Are A Cause Of Concern!
What’s New(s) in Amsterdam – 8 April (InPost | Acomo)
McCormick Battles Tariff Turmoil With A New Diversification Strategy But Will It Work?

LG Electronics India Pre-IPO – Peer Comparison – Largest but One of the Slowest

By Sumeet Singh

LG Electronics (066570 KS) is looking to raise US$1.5bn+ via part-selling its stake in LG Electronics India.
LG Electronics India (LGEI) was the market leader in India in major home appliances and consumer electronics (excluding mobile phones) in terms of volume in 1Q25, as per Redseer Report.
We have looked at the company’s past performance in our previous note. In this note, we undertake a peer comparison.

Chagee IPO: Peer Comp and Thoughts on Valuation

By Nicholas Tan

Chagee Holdings (CHA US) is planning to raise up to US$500m through its upcoming US IPO.
It is a leading premium tea drinks brand, serving healthy and delicious freshly-made tea drinks.
We have looked at the company’s past performance in our earlier notes. In this note, we discuss latest industry dynamics, conduct a quick peer comparison and discuss the company’s valuation.

Frontdoor Just Launched a Game-Changing App—Is This the Future of Home Services?

Frontdoor’s financial performance in the third quarter of 2024 reflects both achievements and challenges for the company as it navigates a fluctuating market environment.
The company reported a 3% increase in revenue to $540 million compared to the same period last year, alongside a notable rise in gross profit margin by 550 basis points to reach 57%.
Net income saw a substantial uptick of 40% to $100 million, while Adjusted EBITDA increased by 29% to $165 million.

Companies May Worked on Raising OP Margin in Minor Ways Without Working on Raising Gross Margins

By Aki Matsumoto

Japan’s declining % global GDP and the number of top companies in market capitalization shows that simply boosting profits through yen depreciation left behind the growth speed of global competitors.
While many Japanese companies tried to improve profit margins by reducing labor costs and other expenses, few have managed to improve gross profit margins, which relate to their business models.
The fact that few companies have taken steps to shift to higher value-added products and services is why the yen rate remains a key factor in stock valuations.

Cable One’s Billion-Dollar Bet: Can Tech Upgrades & Customer Gains Help Them Outrun the Competition?

Cable One’s recent earnings presented a mixed set of financial results for its fourth quarter and full-year 2024.
The company, while navigating competitive pressures and changes in subscriber programs, managed to demonstrate some resilience in strategies aimed at stabilizing its business.
On the positive side, Cable One reported growth in its business broadband revenue by 2.6% year-over-year, driven by rising demand across its carrier, enterprise, and wholesale segments.

GameStop’s Secret Weapon: How Smart Vendor Deals Could Revive Its Fortunes!

GameStop Corporation reported its fourth-quarter and full-year financial results for 2022 with a noticeable shift toward profitability and efficient operations amidst a challenging retail environment.
The company’s transformation over the past couple of years has been a story of significant restructuring and strategic shifts aimed at revitalizing its financial health and market positioning.
A notable positive from the results is GameStop’s turnaround from a net loss in the fourth quarter of 2021 to a net income of $48.2 million in the same period of 2022.

Lululemon Athletica Faces New Tariff Pressures Through Vietnam

Lululemon Athletica Inc. recently reported its fourth-quarter and full-year financial results, marking another year of growth, while also spotlighting both achievements and challenges.
The company reported total revenue for the fourth quarter, excluding the 53rd week, increased by 8% year-over-year, or 9% on a constant currency basis.
Operating margin expanded by 40 basis points to 28.9%, and earnings per share rose by 16%.

PVH Corporation’s Mixed Bag: Calvin Klein & Tommy Hilfiger Shine But Global Headwinds & China Are A Cause Of Concern!

PVH Corp’s recent earnings reflects a mix of achievements and challenges in the fiscal year 2024 and sets cautious expectations for 2025.
The company, which owns iconic brands Calvin Klein and Tommy Hilfiger, surpassed its initial 2024 guidance both in terms of revenue and non-GAAP EPS.
However, it faced a decrease in overall revenue compared to previous years, largely attributed to divestitures and external economic factors.

What’s New(s) in Amsterdam – 8 April (InPost | Acomo)

By The IDEA!

In this edition: • InPost | Royal Mail to roll out lockers at Sainsbury’s in the UK • Acomo | presents growth and financial strategy at CMD

McCormick Battles Tariff Turmoil With A New Diversification Strategy But Will It Work?