Smartkarma Daily Briefs

• Korea’s first ATS goes live on March 4, starting with 10 tickers based on liquidity and market cap, expanding to 800 over time. First 10 revealed next week.
• KRX vs ATS arbitrage will be key, with execution speed differences causing price dislocations, especially for KOSPI 200 stocks. Lower ATS fees may shift institutional flow, increasing arb opportunities.
• On top of that, lack of market makers could widen bid-ask spreads, creating opportunities for spread scalpers to profit.

• CP ALL (CPALL TB) has seen a rout in its share price as investors worry that it may be drawn into investing in Seven & I Holdings.
• Indications suggest that if it was to invest, the stake would be much smaller than previously reported and it would likely come with some beneficial concessions.
• CP ALL (CPALL TB) continues to see a strong recovery in both sales and profitability, with a positive outlook for FY2025, whilst valuations have been compressed to attractive levels.

• Ganesha Ecosphere (GNPL IN)’s Q3 FY25 revenue surged 39.6% YoY to ₹397.8 crores, with production volume up 22.3% YoY, and capacity expansions underway.
• Strong revenue growth and capacity expansions enhance GEL’s market position amid rising global demand for sustainable PET recycling.
• Investors gain confidence in GEL’s strategic shift towards high-value recycled products and international market expansion, promising long-term sustainability.

• Cato Corporation is a value play for investors due to its strong history of profitability and loyal customer base
• The company has faced challenges in recent years but has potential for a rebound once economic conditions improve
• Cato’s focus on delivering value and fashion-forward styles to a specific demographic positions it for long-term success and a solid return on investment

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.

• DXL Brands specializes in clothing for Big and Tall Men, offering a niche selection of clothing items designed specifically for this population.
• Despite not using AI technology, the company has shown steady growth and financial stability with a decrease in net debt and consistent EV.
• Customers appreciate the in-store experience, including assistance from stylists and a sense of community, making DXL Brands a reliable option for Big and Tall Men seeking stylish clothing options.

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.

• Kent R O Systems (6592700Z IN)  (KROS) is looking to raise about US$100m in its upcoming India IPO. The bookrunners for the deal are Motilal and JM Fin.
• KROS was established in 2007. The brand ‘Kent’ is a leader in the water purifier market in India, recognized for being a pioneer in introducing reverse osmosis (RO) technology.
• Kent’s water purifiers hold the NSF/ANSI 58 certification, an American national standard for point-of-use reverse osmosis systems, as per Technopak Report.

• Tyson Foods started fiscal 2025 with a solid performance across multiple segments, particularly in Chicken, marking the best first-quarter adjusted operating income within the past eight years.
• The company’s diversified multi-protein portfolio has been fundamental to balancing challenges faced in the Beef segment, where improved results surpassed expectations despite ongoing pressures from cattle cycle dynamics.
• Notably, International operations also reported substantial profitability improvements, contributing to the overall performance.

• ARATA’s cumulative Q3 FY03/25 sales reached JPY754.5bn (+4.9% YoY), with operating profit at JPY13.1bn (+4.4% YoY).
• Gross profit was JPY74.5bn (+5.5% YoY), with SG&A expenses rising 5.9% YoY to JPY61.4bn, impacting operating profit.
• Sales growth was notable in Health & Beauty (+5.3% YoY) and Pet categories (+6.5% YoY), with strong channel performance in DIY centers (+7.4% YoY).

• Consolidated revenue grew 13.3% YoY, driven by parent revenue growth and proactive inventory strategies, enhancing merchandising.
• Operating profit rose 38.1% YoY, with SG&A expenses increasing 10.9% YoY due to personnel and advertising costs.
• Revenue from existing stores increased 12.2% YoY, with customer count up 10.3% YoY and average spend up 1.8% YoY.

• Autoliv, Inc. recently concluded its earnings presentation for the fourth quarter and full year of 2024, showcasing a record-breaking quarter in terms of operating profit, margins, and earnings per share.
• Despite facing several market-related challenges, including a 5% year-over-year decrease in sales for the fourth quarter primarily due to adverse currency translations and regional light vehicle production (LVP) mix issues, Autoliv demonstrated resilience through cost management, operational efficiency, and strategic customer agreements.
• 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.