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Smartkarma Daily Briefs

Jan 17
0

Daily Brief Industrials: Shanghai Electric Group Company, Wintermar Offshore Marine, Geek+, Arcadis NV and more

By | Daily Briefs, Industrials

In today’s briefing:

  • Quiddity Leaderboard CSI 300/​​500 Jun 25: Large Flows; Some Inflow Names Could Outperform Index
  • Wintermar Offshore Marine (WINS IJ) – Well-Positioned for the Upcycle
  • Geek+ IPO Valuation Analysis: Exit Valuation Would Be Significantly Above Last Private Round of ~$2B
  • Arcadis NV – What’s News in Amsterdam – 16 January 2025 (Universal Music Group | AEX Index)

Quiddity Leaderboard CSI 300/​​500 Jun 25: Large Flows; Some Inflow Names Could Outperform Index

By Janaghan Jeyakumar, CFA

  • CSI 300 represents the 300 largest stocks by market cap and liquidity from the Shanghai and Shenzhen Exchanges. CSI 500 is the next 500 names.
  • In this insight, we take a look at the potential ADDs and DELs leading the race for the semiannual index rebal event in June 2025.
  • Currently, we see 6 ADDs/DELs for the CSI 300 index and 50 ADDs/DELs for the CSI 500 index.

Wintermar Offshore Marine (WINS IJ) – Well-Positioned for the Upcycle

By Angus Mackintosh

  • Wintermar Offshore Marine has seen a distinct turnaround in its fortunes over the last two years and is now well-positioned to benefit from an upcycle in the Offshore Services space. 
  • Charter rates have started to move up in an environment with low vessel supply, especially in the high-tier space where Wintermar has most exposure with new vessels being added. 
  • Wintermar has net cash, putting it in a strong position to increase its fleet into the upcycle driven by increased offshore exploration in Southeast Asia. Valuations remain attractive.

Geek+ IPO Valuation Analysis: Exit Valuation Would Be Significantly Above Last Private Round of ~$2B

By Andrei Zakharov

  • Geek+, a Beijing-based warehouse robot maker, filed to list IPO on Hong Kong Stock Exchange. The AI & robotics company plans to raise up to $200M.
  • Their last round was a $208M Series E1 in August 2022 that was led by Vertex Growth Fund, Intel Capital and B Capital China at a ~$2B post-money valuation.
  • Geek+ is growing faster than Doosan Robotics, UBTech Robotics and Shenzhen Dobot. The company will likely trade above their last private round valuation of ~$2B in August of 2022.

Arcadis NV – What’s News in Amsterdam – 16 January 2025 (Universal Music Group | AEX Index)

By The IDEA!

  • In this edition: • Universal Music Group | secondary listing in the US after Ackman exercises his right • AEX Index | likely to be increased to 30 companies; Aalberts, Arcadis and CVC likely to be included

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Jan 16
0

Daily Brief Thematic (Sector/Industry): Ohayo Japan | Stocks Surge on Cooling Inflation and Strong Bank Earnings and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • Ohayo Japan | Stocks Surge on Cooling Inflation and Strong Bank Earnings
  • Tactical Trading – Time to Sell Japan. Again.
  • 2025 Korea
  • Singapore Market Roundup (15-Jan-2025): RHB predicts strong earnings growth for SGX in 1HFY2025 with 17.5 cents interim DPS.
  • Japan Morning Connection: CPI to the Rescue for Risk-On Growth Style Plays
  • Monthly Sales Overview of Indian Listed Two-Wheeler Companies (December 2024)
  • Another Few Quick Attractive Ideas (PCG, HON)
  • US EV Charging Infrastructure Tracker – December 2024

Ohayo Japan | Stocks Surge on Cooling Inflation and Strong Bank Earnings

By Mark Chadwick

  • U.S. stocks soared Wednesday as core inflation data for December came in below expectations, easing concerns about further Federal Reserve rate hikes
  • Hino Motors will pay $1.2 billion to settle US emissions data falsification claims, paving the way for its merger with Mitsubishi Fuso
  • Murata Manufacturing will issue approximately 61.3 million secondary shares, or 9.6% of outstanding shares, mainly in European and Asian markets.

Tactical Trading – Time to Sell Japan. Again.

By Rikki Malik

  • Asymmetric return opportunity in a short position in Japan – downside vs upside potential is skewed to the downside.
  • The weak JPY hasn’t helped the overall market and rising risk of a reversal similar to August 2024
  • We look at some sectors and stocks that are good short candidates

2025 Korea

By Ken S. Kim

  • Politics – where do we go from here and is more uncertainty ahead? 
  • Changes to corporate governance for the better for minority investors? 
  • Can the KOSPI perform if Samsung Electronics continues not to? 

Singapore Market Roundup (15-Jan-2025): RHB predicts strong earnings growth for SGX in 1HFY2025 with 17.5 cents interim DPS.

By Singapore Market Roundup

  • RHB predicts SGX will experience strong earnings growth in 1HFY2025, with a 17.5 cents interim DPS.
  • CGSI forecasts DBS’s 4QFY2024 net profit to reach $2.7 bil, expecting dividend to rise to 60 cents.
  • UOBKH sees potential in US office S-REITs for investors and projects increased revenue and adjusted patmi for SGX in 1HFY2025.

Japan Morning Connection: CPI to the Rescue for Risk-On Growth Style Plays

By Andrew Jackson

  • Tech and Semi’s rebounding sharply which should see related names in JP trade better after yesterdays persistent weakness.
  • Da Vinci procedures seeing strong growth…will Sysmex’s Hinotori also fly? 
  • Tourist numbers surging in JP should see YTD losers back in the spotlight.

Monthly Sales Overview of Indian Listed Two-Wheeler Companies (December 2024)

By Sreemant Dudhoria

  • December is typically a seasonally weak month for two-wheeler companies in the domestic market due to the impact of the upcoming year change and the period following peak festive demand.
  • Domestic sales volume declined for Hero and Bajaj, while TVS recorded flat sales. Eicher was an exception, reporting strong growth.
  • All the companies witnessed a steady growth in export volumes.

Another Few Quick Attractive Ideas (PCG, HON)

By Acid Investments

  • This year is an incredibly exciting year for markets.
  • Whilst this is not a macro prognostication blog, I want to digress a little and state my view that underappreciated sectors over the past year or two will see their renaissance this year, even if due to simple plain old reversion to the mean.
  • And I hate to say this, but China for example, the IPO performance of recent listings e.g. Bloks (6000 times oversubscribed) seem to point to renewed ebullience on the Hong Kong stock exchange.

US EV Charging Infrastructure Tracker – December 2024

By Garvit Bhandari

  • Total public EV charging stations (incl. temporary unavailable locations) were 74,986 as of December 31, 2024. Compared to the end of FY23, it is an increase of 16.0%.
  • Total EVSE charging ports (including the temporary unavailable ports) were 206,723, up nearly 22.8% compared to the end of 2023 and up 0.9% over November 2024.
  • US considerably lags behind China which had 3.39 million public charging stations at the end of October 2024.

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Jan 16
0

Daily Brief ECM: Aequitas 2025 Asia IPO Pipeline – ASEAN and more

By | Daily Briefs, ECM

In today’s briefing:

  • Aequitas 2025 Asia IPO Pipeline – ASEAN, ANZ, ADRs
  • Murata Manufacturing Placement – Recent Momentum Isn’t Particularly Strong
  • LG Electronics India Pre-IPO – The Positives – Well Known and Well Loved
  • Venture Global Inc (VG): Massive $2b+ Cash Raise to Kick-Off 2025 IPO Calendar
  • Geek+ IPO Preview: Extending Leadership in Warehouse Automation Sector, New Robotic IPO in Hong Kong

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.

Murata Manufacturing Placement – Recent Momentum Isn’t Particularly Strong

By Sumeet Singh

  • A group of shareholders aim to raise around US$900m via selling around 3% of Murata Manufacturing (6981 JP), in another cross-shareholding selldown.
  • The company’s shares haven’t done much over the past few years and recent share price performance as well hasn’t been the best
  • In this note, we will talk about the placement and run the deal through our ECM framework.

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.

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

Geek+ IPO Preview: Extending Leadership in Warehouse Automation Sector, New Robotic IPO in Hong Kong

By Andrei Zakharov

  • Geek+, a Beijing-based autonomous mobile robots (AMRs) unicorn with focus on smart logistics, filed to go public in Hong Kong.
  • The AI & robotics company was backed by Warburg Pincus, GGV Capital, D1 Capital Partners, Intel Capital, Vertex Ventures, and Gaorong Capital, among others.
  • Beijing Geekplus IPO comes after another robotics unicorn, a leading manufacturer of collaborative robots Shenzhen Dobot, raised ~HK$681M in its HK IPO in December.

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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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