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Smartkarma Daily Briefs

Jan 16
0

Daily Brief Credit: Health And Happiness – Event Flash – Launches Tender Offer And Concurrent Notes Issuance and more

By | Credit, Daily Briefs

In today’s briefing:

  • Health And Happiness – Event Flash – Launches Tender Offer And Concurrent Notes Issuance
  • Lucror Analytics – Morning Views Asia
  • JSW Steel – ESG Report

Health And Happiness – Event Flash – Launches Tender Offer And Concurrent Notes Issuance

By Leonard Law, CFA

  • Health and Happiness’ (H&H) proposed tender offer and new notes issuance will extend its debt maturity profile and alleviate debt repayment pressure in FY 2026.
  • In our view, the high tender offer price of 109.8 is to incentivise bondholders to tender and subscribe to the new notes.
  • We see fair value for the proposed notes at c. 8%.

Lucror Analytics – Morning Views Asia

By Trung Nguyen

  • In the US, the PPI for final demand unexpectedly eased to 0.2% m-o-m in December 2024 (0.4% e / 0.4% p) and came in below estimates at 3.3% y-o-y (3.5% e / 3.0% p).
  • Excluding food and energy, the PPI was flat m-o-m (0.3% e / 0.2% p) and 3.5% y-o-y (3.8% e / 3.5% revised p).
  • In the US, the PPI for final demand unexpectedly eased to 0.2% m-o-m in December 2024 (0.4% e / 0.4% p) and came in below estimates at 3.3% y-o-y (3.5% e / 3.0% p). 

JSW Steel – ESG Report

By Trung Nguyen

  • Incorporated in India, JSW Steel was established in 1994 and listed on the Indian stock exchange in 1995.
  • The company is the largest steel producer in the country (only taking into account capacity in India) and seventh-largest in the world.
  • It had 34.7 mtpa of capacity at FYE 2023-24, most of which was based in India (33.2 mtpa). 

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Jan 16
0

Daily Brief Event-Driven: Murata Manufacturing (6981 JP) – No Immediate Passive Buying Could Lead to More Weakness and more

By | Daily Briefs, Event-Driven

In today’s briefing:

  • Murata Manufacturing (6981 JP) – No Immediate Passive Buying Could Lead to More Weakness
  • Murata Mfg (6981) Accelerated Overseas Offer – Minimal Index But Low Vol Vs Peers
  • Henlius (2696 HK): Musings on the Deal Break Price
  • AVJennings (AVJ AU): Ho Bee Emerges with a Competing Offer
  • [JAPAN Activism] Murakami Buying Mitsui Matshima (1518 JP) BIGLY – Now At 38% Aiming at Control?
  • Hyundai Motor (HYUNDAI IN): Anchor Lock-Up Expiry Increases Float; Index Inclusions Near
  • Delta Electronics (DELTA TB / 2308 TT): Off the Peak; SET50 Deletion Risk Increases
  • Funds in Focus Q4 2024 & 2024: A Better Quarter & Year for Active SA Equity Managers
  • Sunrise Communications (SNRE): Dividend Initiation to Drive Upside

Murata Manufacturing (6981 JP) – No Immediate Passive Buying Could Lead to More Weakness

By Brian Freitas

  • A group of 7 shareholders are looking to sell 61.3m shares in Murata Manufacturing (6981 JP) to raise JPY 143.8bn (US$916m). That is 3.3% of shares outstanding.
  • The shares are being offered at a price range of JPY 2296-2345.5/share, a discount of 5-7% to the last close of the stock.
  • With the offering less than 5% of shares outstanding and less than US$1bn in size, there is no immediate passive buying and there could be further weakness in the stock.

Murata Mfg (6981) Accelerated Overseas Offer – Minimal Index But Low Vol Vs Peers

By Travis Lundy

  • Today after the close, Murata Manufacturing (6981 JP) announced an equity offering worth roughly US$870mm if the stock prices 10% below last. 
  • Unlike “regular” secondary offerings, this is available only to overseas investors, and bookbuilding is very quick. This “increases the size” relative to its headline (no retail uptake).
  • At 11 days of ADV and 3.3% of shares out, it has a certain size, but the stock is well-owned by foreigners, and not terribly volatile vs Peers.

Henlius (2696 HK): Musings on the Deal Break Price

By Arun George

  • Fosun Pharma’s HK$24.60 offer for Shanghai Henlius Biotech (2696 HK) is heading for a deal break. LVC has not changed its shareholding since amassing a blocking stake.
  • In the absence of a last-ditch effort by Shanghai Fosun Pharmaceutical (Group) (2196 HK) to rescue the deal, the key question is the potential deal break price. 
  • Based on four methods, the potential deal break price is HK$17.28, 12% below the last close price of HK$19.58.

AVJennings (AVJ AU): Ho Bee Emerges with a Competing Offer

By Arun George

[JAPAN Activism] Murakami Buying Mitsui Matshima (1518 JP) BIGLY – Now At 38% Aiming at Control?

By Travis Lundy

  • I wrote about this stock in May 2024. At the time, Japan activist Murakami-san had gone from 5% to 20% in a hurry. Shortly after, he was at 29%. 
  • Then he fiddled/sold/bought/waited/sold. The stock fell in late 2024 as a quant fund sold. Murakami-san started buying again. In 3 weeks to 7 January bought from 27.02% to 34.51%.
  • By my calculation, as of last week he has 38.4% of votes. This is worth a closer look again. It’s a discount to BVPS but ask yourself why this big.

Hyundai Motor (HYUNDAI IN): Anchor Lock-Up Expiry Increases Float; Index Inclusions Near

By Brian Freitas

  • The lock-up on the second half of the anchor investor allocation for Hyundai Motor India (HYUNDAI IN) ends after market close today and the shares will be available for sale tomorrow.
  • The lock-up expiry further increases free float for the stock and there will be multiple index inclusions over the next few months.
  • The largest index inclusion will be in February, followed by smaller inclusions in March and June. In total, passives will mop up around 16% of the float.

Delta Electronics (DELTA TB / 2308 TT): Off the Peak; SET50 Deletion Risk Increases

By Brian Freitas

Funds in Focus Q4 2024 & 2024: A Better Quarter & Year for Active SA Equity Managers

By Charlotte van Tiddens, CFA

  • During the last quarter of 2024, 55% of active SA equity funds outperformed their benchmarks.
  • This is ahead of preceding quarter where 48% of active funds outperformed.
  • It is also interesting to note that for the year up to the end of Q3 2024, 22% of funds outperformed their benchmarks.

Sunrise Communications (SNRE): Dividend Initiation to Drive Upside

By Richard Howe

  • Sunrise Communications (SNRE) is a recent spin-off from Liberty Global (LBTYA).
  • Since the time of the spin-off, Sunrise has performed relatively well (+7% vs. S&P 500 +1%)
  • Nonetheless, I believe there is substantial upside ahead. Sunrise has committed to pay a 240CHF annual dividend.

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Jan 16
0

Daily Brief Macro: President Yoon’s Approval Ratings Surges to 47% and more

By | Daily Briefs, Macro

In today’s briefing:

  • President Yoon’s Approval Ratings Surges to 47%, Gets Arrested, and Declares Rampant Election Fraud
  • Headwinds, Tailwinds in 2025
  • The Drill: What if Trump is not bluffing ahead of next week?
  • Regional Economics: Despite the Fanfare, Hold the Applause for JS-SEZ
  • Indonesia: 25bp Rate Cut to 5.75% (Consensus 6.0%) in Jan-25
  • India: Still on Track for Rate Cuts to Begin in Feb’25; Continue at Next 2 MPC Meetings
  • Actinver Research – Consumer Discretionary: Eat More, Shop Less (Coverage Initiation)
  • US CPI Excess No Worse Than Peers
  • Actinver Research – Macro Daily: Domestic Demand Begins to Show Signs of Further Deceleration
  • Actinver Research – Macro Daily: Plan Mexico

President Yoon’s Approval Ratings Surges to 47%, Gets Arrested, and Declares Rampant Election Fraud

By Douglas Kim

  • It has been another wild day in South Korea as Yoon Suk-Yeol became the first sitting South Korean President to be arrested. 
  • A recent local poll released on 14 January showed that President Yoon’s approval rating surged to 46.6%.
  • President Yoon released a letter to the Korean people. The heart of the letter is about the rampant election fraud in Korea and the desperate need to restore election integrity.

Headwinds, Tailwinds in 2025

By Sharmila Whelan

  • This year overweight US dollar, underweight European, Malaysian, Korean and Indonesian sovereign bonds. In 2024 68.9% of  our  43 investment recommendation and forecasts made money.
  • The key headwinds are dollar strength , Trump’s trade war, the slower monetary policy easing, China, Europe and US valuations.
  • Tailwinds include, the strength of the  US economy, Trump’s pro-business domestic policy agenda, tame energy prices,  India, conflict resolutions and a lighter global election cycle.

The Drill: What if Trump is not bluffing ahead of next week?

By Ulrik Simmelholt

  • Before we begin, let’s discuss the Trump tariffs, as he increasingly sounds serious about them.
  • His recent message on Truth Social suggests he is ready to roll out a series of initiatives next week, including those on trade, cryptocurrency, and a range of other topics.
  • Every counterpart we speak to expects Trump to take action over the course of his presidency but also anticipates him backing down if the market pushes back against tariffs with a stronger USD, higher bond yields, and weaker risk sentiment.

Regional Economics: Despite the Fanfare, Hold the Applause for JS-SEZ

By Manu Bhaskaran

  • Malaysia and Singapore have formally agreed to establish the Johor-Singapore Special Economic Zone (JS-SEZ). 
  • Still, compared with Shenzhen, the exemplar SEZ, the JS-SEZ lacks key ingredients such as preferential policies and market integration for firms in the Zone. 
  • This agreement is thus just a beginning. We expect subsequent talks to produce more concrete commitments that will make the JS-SEZ more of the game-changer it can be.

Indonesia: 25bp Rate Cut to 5.75% (Consensus 6.0%) in Jan-25

By Heteronomics AI

  • Bank Indonesia lowered the BI-Rate to 5.75%, surprising consensus expectations. It cited low inflation and the need to support growth amid subdued domestic demand and stable external conditions.
  • The Rupiah remains relatively stable due to robust reserves and proactive interventions, although global pressures from US fiscal policies and limited FFR cuts pose risks to external stability.
  • Future policy adjustments will hinge on domestic growth performance and global financial developments, with continued emphasis on macroprudential measures, financial digitalisation, and fiscal coordination to strengthen economic resilience.
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

India: Still on Track for Rate Cuts to Begin in Feb’25; Continue at Next 2 MPC Meetings

By Prasenjit K. Basu

  • The real policy rate is +1.28% (using CPI; +4.13% using WPI). High real rates are a hindrance to the real economy, especially with core inflation below 4%YoY for 13 months.
  • F&B inflation moderated to 7.69%YoY in Dec’24 (from 9.69%YoY in Oct’24), as vegetable inflation eased to 26.6%YoY (from 42.2%YoY). All other key food and non-food inflation categories abated. 
  • Bountiful winter and spring crops should dampen inflation further, allowing the first rate cut in 2 years (Feb’25), and 25bp rate cuts at each of the next 2 MPC meetings. 

Actinver Research – Consumer Discretionary: Eat More, Shop Less (Coverage Initiation)

By Actinver

  • Consumption remains defensive, yet less than before.
  • As explored in our food & bev initiation (10/14/24), consumers are expected to continue picky —not panicky—, and thus companies will be forced to remain price and cost competitive.
  • Compared to other sectors within Consumer, we see our covered Consumer Discretionary companies as more sensitive to headwinds such as higher labor costs, and to tailwinds such as higher disposable income amid social welfare programs and higher minimum wages.

US CPI Excess No Worse Than Peers

By Phil Rush

  • Headline US inflation aligned with the consensus for December, although the core rate was marginally weaker, challenging the prevailing hawkish Fed narrative.
  • Expectations have been repeatedly marked higher in recent months, with the outcome exceeding most previous vintages, except those made during Q2 2024.
  • Persistently excessive inflation data threatens the Fed’s cutting cycle, although the US economy is not the hawkish outlier often assumed and embedded in market pricing.

Actinver Research – Macro Daily: Domestic Demand Begins to Show Signs of Further Deceleration

By Actinver

  • Private consumption registered a -0.74% MoM drop in October, due to a contraction in the consumption of both domestic and imported goods.
  • Despite this, in 2024, private consumption is projected to grow close to 2.9%.
  • The -0.74% monthly contraction was accompanied by a -1.52% MoM decline in the consumption of domestic goods, -0.30% MoM in services and -0.53% MoM in imported goods.

Actinver Research – Macro Daily: Plan Mexico

By Actinver

  • In the context of President Sheinbaum first 100 days in office and the upcoming start of Trump second administration, the Federal Government unveils an ambitious plan to promote regional development and reduce imports from Asia.
  • The Federal Government released the first draft of the “Plan México,” a long-term strategy aimed at encouraging business relocation, increasing national and regional content, and equipping the country with the necessary infrastructure and human capital to strengthen its development.
  • Plan México is envisioned as a measure to enhance Mexico’s cooperation with its USMCA partners.

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Jan 16
0

Daily Brief Equity Bottom-Up: TSMC Q424 Earnings Preview and more

By | Daily Briefs, Equity Bottom-Up

In today’s briefing:

  • TSMC Q424 Earnings Preview, 2025 & Q125 Look Ahead
  • Shanghai Henlius Biotech (2696 HK)- These Are the Reasons Why LVC May Vote Against the Privatization
  • Tesla Innovations Unveiled: New Model Y & Robotics Breakthroughs That Will Blow Your Mind!
  • Asml Holding Nv (ASML) – Wednesday, Oct 16, 2024
  • Shift 1Q: Earnings Beat with Further Upside
  • Hyundai Motor India: Anchor Investor Lock-In Period Ends Today
  • Taiwan Tech Weekly: TSMC Results; Earnings Preview; Delta Thailand Convertible
  • Asia Real Estate Tracker (15-Jan-2025): Santarli, Apex $368M top bid for West Singapore site
  • Orient Overseas Intl (316 HK): Initial Warning Signs?
  • Delta Taiwan Vs. Thailand Monitor: Convertible Sale; Delta Thailand Should Underperform Vs Parent Co

TSMC Q424 Earnings Preview, 2025 & Q125 Look Ahead

By William Keating

  • December 2024 revenues of NT$278.16 billion, up 0.8% MoM and up a remarkable 57.8% YoY. It was the second highest monthly revenue in the company’s history.
  • Q424 revenue amounted to NT$868,460. At the company’s forecasted exchange rate for Q4,  NT$32 to the US$, this amounts to $27.14 billion, the company’s highest quarterly revenue ever
  • We expect 2025 to be another growth year for TSMC, likely in the mid to high teens range. Expect Q125 to be down ~5% QoQ based on normal seasonality.

Shanghai Henlius Biotech (2696 HK)- These Are the Reasons Why LVC May Vote Against the Privatization

By Xinyao (Criss) Wang

  • Fosun hopes to privatize Henlius at a low price. As usual, it does not consider the interests of long-term investors, who may express their “dissatisfaction” by opposing the privatization.
  • Lin Lijun clearly has bargaining chips. He may ask Fosun to provide a clear plan for future relisting/asset restructuring, and how the Share Alternative will be linked to this plan.
  • There is a possibility this privatization may fail. Such possibility is not low, because investors will only support the privatization if they can be sure that their interests are protected.

Tesla Innovations Unveiled: New Model Y & Robotics Breakthroughs That Will Blow Your Mind!

By Baptista Research

  • Tesla is once again reshaping the automotive and energy landscape with its latest wave of innovations that span from groundbreaking vehicle updates to advances in artificial intelligence and energy solutions.
  • The company’s updated Model Y in China, a redesign aimed at maximizing efficiency, represents just one facet of its dynamic transformation.
  • Recent Q3 2024 earnings discussions revealed record deliveries, improved vehicle safety metrics, and ambitious plans for scaling autonomous driving technologies and energy storage capabilities.

Asml Holding Nv (ASML) – Wednesday, Oct 16, 2024

By Value Investors Club

  • ASML’s total shareholder return is lagging behind its semicap peers and TSMC
  • The company’s share price recently experienced a significant two-day drop
  • Despite past reservations, the author sees potential for a good risk/reward opportunity in buying ASML stock due to better pricing and negative investor sentiment on lithography

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.

Shift 1Q: Earnings Beat with Further Upside

By Shifara Samsudeen, ACMA, CGMA

  • Shift Inc (3697 JP) ’s share price went up by about 13% today following the release of its 1QFY08/2025 results yesterday. Share price is up 19% YTD.
  • • Shift’s aggressive investment on HR and system reinforcement had resulted in a decline in the company’s margins since 1QFY08/2024, this drove share prices down.
  • Shift has once again proved that its business model is resilient and we expect the company’s earnings to continue to see strong growth going forward.

Hyundai Motor India: Anchor Investor Lock-In Period Ends Today

By Devi Subhakesan

  • Lock up expiry today of 21.2 million shares held by Hyundai Motor India (HYUNDAI IN)‘s anchor investors. This could improve free float to 17.5% with rest held by the parent.
  • Hyundai India Management is positive about its CY2025 outlook and expects to grow by similar numbers or more in 2025 as it did in 2024. 
  • Creta Electric’s launch is scheduled on Jan 17th; Hyundai hopes to replicate the growth and excitement seen with its original Creta model.

Taiwan Tech Weekly: TSMC Results; Earnings Preview; Delta Thailand Convertible

By Vincent Fernando, CFA

  • TSMC Results Today; Arizona Production of 4nm Started, Yield on Par with Taiwan
  • TSMC Q424 Earnings Preview, 2025 Outlook & Q125 Look Ahead 
  • Delta Taiwan Vs. Thailand Monitor: Convertible Sale; Delta Thailand Should Underperform Vs Parent Co 

Asia Real Estate Tracker (15-Jan-2025): Santarli, Apex $368M top bid for West Singapore site

By Asia Real Estate Tracker

  • Santarli and Apex make joint bid worth $368M for a site in Western Singapore, expanding their real estate portfolio.
  • CVC-backed chain competes for First REIT’s Indonesian assets valued at $599M, increasing their presence in the market.
  • EdgeConneX ventures into Japan with a 140MW data center project in Greater Osaka, showcasing their global growth strategy.

Orient Overseas Intl (316 HK): Initial Warning Signs?

By Osbert Tang, CFA

  • Lower average freight rate momentum and deceleration in 4Q24 load factor expansions for Orient Overseas International (316 HK) have raised alarm for a weaker industry outlook.
  • Spot freight rate has come down by 6.8% in the last two weeks. The potential ease of conflicts in Ukraine and the Middle East may induce a capacity return.
  • The consensus forecasts for FY25-26 have been downgraded by 5-9%, suggesting caution in the market. Its dividend yield will lower from 14.0% in FY24 to just 4.3% in FY26.

Delta Taiwan Vs. Thailand Monitor: Convertible Sale; Delta Thailand Should Underperform Vs Parent Co

By Vincent Fernando, CFA

  • Delta Thailand Weakness Amid Block Trade and Convertible Bond News
  • Delta Taiwan Offering Convertible Bonds, Convertible into Delta Thailand Shares
  • Delta Thailand Still Overvalued Relative to Delta Taiwan — Short Delta Thailand vs. Long Delta Taiwan

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Jan 16
0

Daily Brief Australia: Avjennings Ltd and more

By | Australia, Daily Briefs

In today’s briefing:

  • AVJennings (AVJ AU): Ho Bee Emerges with a Competing Offer

AVJennings (AVJ AU): Ho Bee Emerges with a Competing Offer

By Arun George

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Jan 16
0

Daily Brief Thailand: Delta Electronics Thailand and more

By | Daily Briefs, Thailand

In today’s briefing:

  • Delta Electronics (DELTA TB / 2308 TT): Off the Peak; SET50 Deletion Risk Increases
  • Delta Taiwan Vs. Thailand Monitor: Convertible Sale; Delta Thailand Should Underperform Vs Parent Co

Delta Electronics (DELTA TB / 2308 TT): Off the Peak; SET50 Deletion Risk Increases

By Brian Freitas

Delta Taiwan Vs. Thailand Monitor: Convertible Sale; Delta Thailand Should Underperform Vs Parent Co

By Vincent Fernando, CFA

  • Delta Thailand Weakness Amid Block Trade and Convertible Bond News
  • Delta Taiwan Offering Convertible Bonds, Convertible into Delta Thailand Shares
  • Delta Thailand Still Overvalued Relative to Delta Taiwan — Short Delta Thailand vs. Long Delta Taiwan

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Jan 16
0

Daily Brief South Korea: Hyundai Motor India and more

By | Daily Briefs, South Korea

In today’s briefing:

  • Hyundai Motor India: Anchor Investor Lock-In Period Ends Today

Hyundai Motor India: Anchor Investor Lock-In Period Ends Today

By Devi Subhakesan

  • Lock up expiry today of 21.2 million shares held by Hyundai Motor India (HYUNDAI IN)‘s anchor investors. This could improve free float to 17.5% with rest held by the parent.
  • Hyundai India Management is positive about its CY2025 outlook and expects to grow by similar numbers or more in 2025 as it did in 2024. 
  • Creta Electric’s launch is scheduled on Jan 17th; Hyundai hopes to replicate the growth and excitement seen with its original Creta model.

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Jan 16
0

Daily Brief Singapore: Sea and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Aequitas 2025 Asia IPO Pipeline – ASEAN, ANZ, ADRs

Aequitas 2025 Asia IPO Pipeline – ASEAN, ANZ, ADRs

By Sumeet Singh

  • In this note, we will take a look at the Asia Pacific IPO pipeline for 2025, with a look at ASEAN, ANZ and ADRs. 
  • This list has been compiled on a best effort basis from tracking the company filings and through various other sources.
  • The deals you see in this note are only a part of our full IPO pipeline tracker. Feel free to drop us a message for additional information on these IPOs.

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Jan 16
0

Daily Brief India: Hyundai Motor India , LG Electronics India, Allied Blenders & Distillers, JSW Steel Ltd and more

By | Daily Briefs, India

In today’s briefing:

  • Hyundai Motor (HYUNDAI IN): Anchor Lock-Up Expiry Increases Float; Index Inclusions Near
  • LG Electronics India Pre-IPO – The Positives – Well Known and Well Loved
  • The Beat Ideas: Allied Blenders & Distillers- Liquor Premiumization Play
  • JSW Steel – ESG Report

Hyundai Motor (HYUNDAI IN): Anchor Lock-Up Expiry Increases Float; Index Inclusions Near

By Brian Freitas

  • The lock-up on the second half of the anchor investor allocation for Hyundai Motor India (HYUNDAI IN) ends after market close today and the shares will be available for sale tomorrow.
  • The lock-up expiry further increases free float for the stock and there will be multiple index inclusions over the next few months.
  • The largest index inclusion will be in February, followed by smaller inclusions in March and June. In total, passives will mop up around 16% of the float.

LG Electronics India Pre-IPO – The Positives – Well Known and Well Loved

By Sumeet Singh

  • LG Electronics (066570 KS) is looking to raise US$1.5bn+ via part-selling its stake in LG Electronics India IPO. 
  • 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.
  • In this note, we talk about the positive aspects of the deal.

The Beat Ideas: Allied Blenders & Distillers- Liquor Premiumization Play

By Sudarshan Bhandari

  • Allied Blenders & Distillers (9844250Z IN) is shifting from mass-market spirits to premium offerings, leveraging IPO funds to reduce debt and boost margins amidst rising alco-beverage demand.
  • This pivot could enhance profitability, thanks to stronger pricing power, higher brand recall, and sustained ROCE above capital costs within India’s highly regulated but fast-growing alcoholic beverage industry.
  • Despite regulatory hurdles and stretched valuations, ABD’s balance sheet cleanup, premiumization strategy, and dominant mass-market presence suggest considerable long-term potential in India’s expanding alcohol sector.

JSW Steel – ESG Report

By Trung Nguyen

  • Incorporated in India, JSW Steel was established in 1994 and listed on the Indian stock exchange in 1995.
  • The company is the largest steel producer in the country (only taking into account capacity in India) and seventh-largest in the world.
  • It had 34.7 mtpa of capacity at FYE 2023-24, most of which was based in India (33.2 mtpa). 

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Jan 16
0

Daily Brief United States: Tesla , Venture Global LNG, Planet Fitness Inc Cl A, Crude Oil, Wayfair Inc Class A, Moderna , JFrog, Jabil Circuit, X4 Pharmaceuticals , Evaxion Biotech A/S and more

By | Daily Briefs, United States

In today’s briefing:

  • Tesla Innovations Unveiled: New Model Y & Robotics Breakthroughs That Will Blow Your Mind!
  • Venture Global Inc (VG): Massive $2b+ Cash Raise to Kick-Off 2025 IPO Calendar
  • Planet Fitness (PLNT) – Tuesday, Oct 15, 2024
  • The Drill: What if Trump is not bluffing ahead of next week?
  • Wayfair’s Shocking Pivot: Exit Germany and a Cautionary Road Ahead for 2025!
  • Moderna In Crisis? A Possible Wake-Up Call That Investors Have Been Dreading!
  • Jfrog Ltd (FROG) – Tuesday, Oct 15, 2024
  • Jabil Inc (JBL) – Tuesday, Oct 15, 2024
  • XFOR: Receives €28.5 Upfront for Licensing Agreement with Norgine
  • EVAX: Share Ratio Adjustment

Tesla Innovations Unveiled: New Model Y & Robotics Breakthroughs That Will Blow Your Mind!

By Baptista Research

  • Tesla is once again reshaping the automotive and energy landscape with its latest wave of innovations that span from groundbreaking vehicle updates to advances in artificial intelligence and energy solutions.
  • The company’s updated Model Y in China, a redesign aimed at maximizing efficiency, represents just one facet of its dynamic transformation.
  • Recent Q3 2024 earnings discussions revealed record deliveries, improved vehicle safety metrics, and ambitious plans for scaling autonomous driving technologies and energy storage capabilities.

Venture Global Inc (VG): Massive $2b+ Cash Raise to Kick-Off 2025 IPO Calendar

By IPO Boutique

  • Report Below Includes Key Components from Prospectus Including Overview, Market Advantages, Competitors & Risks
  • Venture Global (VG US) will still own 97.9% of the Voting Power
  • Revenue -45% in the Last Nine Months in 2024 vs. 2023

Planet Fitness (PLNT) – Tuesday, Oct 15, 2024

By Value Investors Club

  • Planet Fitness plans to open new stores over the next 10 years, with a focus on international markets and exploring new retail formats like off-mall locations
  • The company aims to open 44 new clubs in 3Q24 and 260 clubs in the next 3 years
  • PLNT’s price increase on memberships and aggressive new store development strategy position it for strong comp growth and expansion, capitalizing on the demand for fitness and wellness services.

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.

The Drill: What if Trump is not bluffing ahead of next week?

By Ulrik Simmelholt

  • Before we begin, let’s discuss the Trump tariffs, as he increasingly sounds serious about them.
  • His recent message on Truth Social suggests he is ready to roll out a series of initiatives next week, including those on trade, cryptocurrency, and a range of other topics.
  • Every counterpart we speak to expects Trump to take action over the course of his presidency but also anticipates him backing down if the market pushes back against tariffs with a stronger USD, higher bond yields, and weaker risk sentiment.

Wayfair’s Shocking Pivot: Exit Germany and a Cautionary Road Ahead for 2025!

By Baptista Research

  • Wayfair, the prominent online furniture retailer, has recently made headlines with its decision to exit the German market and restructure its global operations by cutting approximately 730 jobs.
  • The move, aimed at reallocating resources towards more promising growth areas such as physical retail and key international markets, marks a significant strategic pivot amid a sluggish home furnishings sector.
  • The German market, which contributed only a low single-digit percentage to the company’s overall revenue, has long posed challenges due to weak macroeconomic conditions and limited brand awareness.

Moderna In Crisis? A Possible Wake-Up Call That Investors Have Been Dreading!

By Baptista Research

  • Moderna, Inc. is undergoing a profound transformation as it navigates a post-pandemic landscape marked by mounting caution among investors.
  • After delivering record-breaking Covid-19 vaccine sales that propelled it into the spotlight during global crisis years, the biotech giant now faces significant headwinds.
  • Recent updates in financial performance and strategic repositioning have underscored a shift in outlook.

Jfrog Ltd (FROG) – Tuesday, Oct 15, 2024

By Value Investors Club

  • JFrog is a prominent player in the DevOps space, with its essential Artifactory product catering to large enterprises managing third-party code and dependencies.
  • Competition from larger players like GTLB and GitHub exists, but JFrog has maintained its position as a key player in the market.
  • Recent partnerships have helped solidify JFrog’s standing and mitigate potential risks from competitors like Microsoft.

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.

Jabil Inc (JBL) – Tuesday, Oct 15, 2024

By Value Investors Club

  • FLEX benefitted from a transition in the EMS industry, focusing on higher margin and faster growing markets
  • Impending spin-off of NexTracker business contributed to FLEX’s success, with shares up around 75% over the last year
  • Jabil (JBL) presents a similarly attractive setup as its end markets are at or near bottoms, making it a potential opportunity for investors with FLEX’s outperformance poised to reverse

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.

XFOR: Receives €28.5 Upfront for Licensing Agreement with Norgine

By Zacks Small Cap Research

  • On January 13, 2025, X4 Pharmaceuticals, Inc. (XFOR) announced a licensing agreement with Norgine to commercialize mavorixafor in Europe, Australia, and New Zealand.
  • X4 will receive €28.5 upfront and is eligible to receive up to €226 million in potential regulatory and commercial milestone payments along with tiered, double-digit royalties up to the mid-twenties.
  • X4 will manufacture and supply mavorixafor and Norgine will reimburse X4 for CMO costs plus a low teen percentage of the CMO costs.

EVAX: Share Ratio Adjustment

By Zacks Small Cap Research

  • EVAX is a clinical stage company that has proprietary AI models designed to more efficiently and more accurately target much-needed treatments.
  • The company has two streams of possible revenue: from the treatments themselves and from the licensing of the AI technology.
  • The company changed the ADS ratio from 1 ADS representing 10 ordinary shares to 1 ADS from 50 ordinary shares.

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