Industrials

• After the recent rally, Ebara Corp (6361 JP)‘s increased market cap and free float market cap should result in inclusion in a global index in November.
• Ebara Corp (6361 JP) has underperformed its larger peers, and the stock is trading cheaper than the average of its peers on most metrics.
• There has been a large increase in cumulative excess volume for Ebara Corp (6361 JP) since July and we do not see a similar increase in its peers.

• Chinese government’s efforts to ban Hanwha Ocean’s five U.S. subsidiaries from conducting any transactions with organizations or individuals in China is likely to have material Negative impact on Hanwha Ocean.
• If Hanwha’s U.S. subsidiaries are banned from Chinese suppliers, they’ll need to source alternatives (Japan, Europe, or domestic U.S. firms), that could involve 20–50% higher costs with longer lead times.
• Basically, what’s going on is that the Chinese government wants to slow down the United States’ efforts to rebuild its shipbuilding sector with the help of Korean shipbuilders.

• Sany Heavy Industry (600031 CH), the world’s third-largest construction machinery company, has filed its PHIP for an H Share listing to raise US$1.0-1.5 billion.     
• SANY has six operating segments. The largest segment, as measured by revenue and gross profit, is excavating machinery.
• The fundamentals are good, with strong growth, an increasing overseas mix, an improving margin profile, strong cash generation, and a solid balance sheet. 

• Asian Terminals Inc. (ATI) is a key port operator in the Philippines with a strong competitive position, managing strategic assets like the Manila South Harbor and the Port of Batangas under long-term concessions.
• The company demonstrates robust financial health, characterized by strong revenue and profit growth, a consistent dividend payout, and a net cash position. Growth is propelled by tariff adjustments and increasing container volumes.
• Future growth is underpinned by strategic capacity expansions and favorable macroeconomic tailwinds, including the Philippines’ positive demographic profile and potential shifts in regional manufacturing. However, the company faces long-term risks from concession renewals and rising competition.

This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

• Elecon Engineering announced a INR 400 crore CapEx plan in its Gear division, signaling aggressive expansion and confidence in long-term industrial and defence demand.
• The investment strengthens Elecon’s position as India’s only defence-grade gearbox manufacturer while unlocking efficiency gains and higher capacity for its global export ambitions.
• The CapEx-driven scale-up and MHE turnaround improve Elecon’s visibility as a structural growth play, transitioning it from a domestic leader to a global engineering contender.

• Turnaround Story with Diversified Operations: Protasco has successfully pivoted from a net loss in 2022 to profitability, driven by its core Maintenance and Construction segments. The company’s diversified business model, which also includes engineering, property development, and education, provides multiple revenue streams, though with varying degrees of success.
• Favorable Industry Tailwinds: The Malaysian construction sector is experiencing robust growth, projected to expand significantly in 2025, fueled by government infrastructure spending, private investment, and foreign direct investment. This provides a strong demand backdrop for Protasco’s primary services.
• Valuation Appears Attractive but Risks Remain: The company trades at low valuation multiples (P/E of 6.8x, P/B of 0.5x), suggesting a potential value opportunity. However, a history of corporate governance issues, inconsistent profitability, and a zero-dividend policy warrant a cautious approach from investors.

This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

• Sany Heavy Industry (600031 CH), aims to raise around US$1.5bn in its H-share listing.
• Sany Heavy Industry was the world’s third largest and China’s largest construction machinery company in terms of construction machinery’s cumulative revenue from 2020 to 2024, according to Frost & Sullivan.
• We have looked at the company’s past performance in our earlier note. In this note, we talk about the updates and likely A/H premium.

• CQME is a diversified industrial conglomerate with a broad product portfolio, including power equipment, automotive parts, and general machinery, positioning it to benefit from China’s industrial upgrading.
• The company exhibits strong value and dividend characteristics, with a low price-to-book ratio and a history of attractive shareholder payouts, supported by robust recent growth in net income and free cash flow.
• Despite recent positive performance, the company faces headwinds from declining gross and EBITDA margins, historical earnings volatility, and high competitive intensity within China’s machinery sector.

This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Key points (machine generated)

• LSI Industries, led by CEO Jim Clark, specializes in non-residential lighting and display solutions and has transformed significantly since 2018.
• The company has achieved a 7-year internal rate of return (IRR) of 22% by deepening client relationships and pursuing strategic acquisitions.
• LSI is the only scaled player in its sector offering both lighting and display solutions, positioning it for projected 3-year IRRs of 17%-20% from its current price of $17.50.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• In a strong strategic move, Norcros has announced the completion of the Fibo Holding AS acquisition first announced in July.
• It enhances the company’s existing stable of brands in a higher growth segment and brings group exposure to adjacent markets, most notably Scandinavia.
• On our estimates, the deal enhances earnings by 13-14% in a full year, along with new market opportunities for existing operations.

• After the recent rally, Ebara Corp (6361 JP)‘s increased market cap and free float market cap should result in inclusion in a global index in November.
• Ebara Corp (6361 JP) has underperformed its larger peers, and the stock is trading cheaper than the average of its peers on most metrics.
• There has been a large increase in cumulative excess volume for Ebara Corp (6361 JP) since July and we do not see a similar increase in its peers.

• Chinese government’s efforts to ban Hanwha Ocean’s five U.S. subsidiaries from conducting any transactions with organizations or individuals in China is likely to have material Negative impact on Hanwha Ocean.
• If Hanwha’s U.S. subsidiaries are banned from Chinese suppliers, they’ll need to source alternatives (Japan, Europe, or domestic U.S. firms), that could involve 20–50% higher costs with longer lead times.
• Basically, what’s going on is that the Chinese government wants to slow down the United States’ efforts to rebuild its shipbuilding sector with the help of Korean shipbuilders.

• Sany Heavy Industry (600031 CH), the world’s third-largest construction machinery company, has filed its PHIP for an H Share listing to raise US$1.0-1.5 billion.     
• SANY has six operating segments. The largest segment, as measured by revenue and gross profit, is excavating machinery.
• The fundamentals are good, with strong growth, an increasing overseas mix, an improving margin profile, strong cash generation, and a solid balance sheet. 

• Asian Terminals Inc. (ATI) is a key port operator in the Philippines with a strong competitive position, managing strategic assets like the Manila South Harbor and the Port of Batangas under long-term concessions.
• The company demonstrates robust financial health, characterized by strong revenue and profit growth, a consistent dividend payout, and a net cash position. Growth is propelled by tariff adjustments and increasing container volumes.
• Future growth is underpinned by strategic capacity expansions and favorable macroeconomic tailwinds, including the Philippines’ positive demographic profile and potential shifts in regional manufacturing. However, the company faces long-term risks from concession renewals and rising competition.

This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

• Elecon Engineering announced a INR 400 crore CapEx plan in its Gear division, signaling aggressive expansion and confidence in long-term industrial and defence demand.
• The investment strengthens Elecon’s position as India’s only defence-grade gearbox manufacturer while unlocking efficiency gains and higher capacity for its global export ambitions.
• The CapEx-driven scale-up and MHE turnaround improve Elecon’s visibility as a structural growth play, transitioning it from a domestic leader to a global engineering contender.

• Turnaround Story with Diversified Operations: Protasco has successfully pivoted from a net loss in 2022 to profitability, driven by its core Maintenance and Construction segments. The company’s diversified business model, which also includes engineering, property development, and education, provides multiple revenue streams, though with varying degrees of success.
• Favorable Industry Tailwinds: The Malaysian construction sector is experiencing robust growth, projected to expand significantly in 2025, fueled by government infrastructure spending, private investment, and foreign direct investment. This provides a strong demand backdrop for Protasco’s primary services.
• Valuation Appears Attractive but Risks Remain: The company trades at low valuation multiples (P/E of 6.8x, P/B of 0.5x), suggesting a potential value opportunity. However, a history of corporate governance issues, inconsistent profitability, and a zero-dividend policy warrant a cautious approach from investors.

This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

• Sany Heavy Industry (600031 CH), aims to raise around US$1.5bn in its H-share listing.
• Sany Heavy Industry was the world’s third largest and China’s largest construction machinery company in terms of construction machinery’s cumulative revenue from 2020 to 2024, according to Frost & Sullivan.
• We have looked at the company’s past performance in our earlier note. In this note, we talk about the updates and likely A/H premium.

• CQME is a diversified industrial conglomerate with a broad product portfolio, including power equipment, automotive parts, and general machinery, positioning it to benefit from China’s industrial upgrading.
• The company exhibits strong value and dividend characteristics, with a low price-to-book ratio and a history of attractive shareholder payouts, supported by robust recent growth in net income and free cash flow.
• Despite recent positive performance, the company faces headwinds from declining gross and EBITDA margins, historical earnings volatility, and high competitive intensity within China’s machinery sector.

This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Key points (machine generated)

• LSI Industries, led by CEO Jim Clark, specializes in non-residential lighting and display solutions and has transformed significantly since 2018.
• The company has achieved a 7-year internal rate of return (IRR) of 22% by deepening client relationships and pursuing strategic acquisitions.
• LSI is the only scaled player in its sector offering both lighting and display solutions, positioning it for projected 3-year IRRs of 17%-20% from its current price of $17.50.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• In a strong strategic move, Norcros has announced the completion of the Fibo Holding AS acquisition first announced in July.
• It enhances the company’s existing stable of brands in a higher growth segment and brings group exposure to adjacent markets, most notably Scandinavia.
• On our estimates, the deal enhances earnings by 13-14% in a full year, along with new market opportunities for existing operations.

• RPMGlobal Holdings Limited (RUL AU) entered a scheme implementation deed with Caterpillar Inc (CAT US) at A$5.00 per share, a 32.6% premium to the undisturbed price.
• The key scheme conditions are RPM shareholder, FIRB and ACCC approval. RPM’s benign shareholder structure facilitates completion.
• The offer is attractive. At the last close and for an 18 February 2026 payment, the gross/annualised spread is 2.7%/7.8%.  

• Singamas is a major global container manufacturer facing a cyclical industry downturn, characterized by overcapacity and pressure on container prices.
• Despite challenging market conditions, the company maintains a strong balance sheet, an asset-light model, and is diversifying into higher-margin specialized containers, such as Energy Storage Systems (ESS), and growing its leasing business to provide more stable revenue streams.
• The company offers a compelling dividend yield, supported by a stated policy of returning value to shareholders, but faces significant risks from global trade tensions, economic slowdowns, and intense competition.

This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

• Recently, Blackstone published a report titled “Investing in the Picks and Shovels of AI.” You can read the report here.
• One image from the report that caught my eye was the growth in data that will be consumed and stored.
• One natural beneficiary of this massive increase in data is Western Digital (WDC) and its hard drive business.

Key points (machine generated)

• Regal Rexnord Corporation, founded in 1955, is a major player in the motion and power sector with a market cap of $8.9 billion and revenues of $6 billion.
• The company has shifted from traditional electric motor manufacturing to sustainable motion and power solutions, highlighted by key acquisitions and mergers over the past decade.
• RRX operates through three main segments: Industrial Powertrain Solutions, Automation & Motion Control, and has streamlined its portfolio by divesting its industrial motors and generators business.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Fevara is the new name of Carr’s Group, reflecting the refocusing of the business as a global leader in sustainable livestock supplements. Such supplements aim to improve digestion to enhance growth rates, which assists farming economics while also supporting animal welfare. Management’s strategy involves improving returns, accelerating growth in traditional markets and expanding into faster-growing emerging markets. This should provide investors with a strong recovery in profits from the operational improvements combined with medium-term growth.

• In today’s Morning Views publication we comment on developments of the following high yield issuers: International Container, Jababeka
• UST yields tumbled 9-11 bps across the curve on Friday, supported by haven demand following US President Donald Trump’s threat of new 100% tariffs and export controls on China.
• The yield on the 2Y UST declined 9 bps to 3.50%, while that on the 10Y UST was down 11 bps at 4.03%. Equities and risky assets (e.g. cryptocurrency) fell on fresh geopolitical worries, while gold and silver rose. The S&P 500 declined 2.7% (the worst one-day performance since April) to 6,553, while the Nasdaq slumped 3.6% to 22,204.

• RPMGlobal Holdings Limited (RUL AU) entered a scheme implementation deed with Caterpillar Inc (CAT US) at A$5.00 per share, a 32.6% premium to the undisturbed price.
• The key scheme conditions are RPM shareholder, FIRB and ACCC approval. RPM’s benign shareholder structure facilitates completion.
• The offer is attractive. At the last close and for an 18 February 2026 payment, the gross/annualised spread is 2.7%/7.8%.  

• Singamas is a major global container manufacturer facing a cyclical industry downturn, characterized by overcapacity and pressure on container prices.
• Despite challenging market conditions, the company maintains a strong balance sheet, an asset-light model, and is diversifying into higher-margin specialized containers, such as Energy Storage Systems (ESS), and growing its leasing business to provide more stable revenue streams.
• The company offers a compelling dividend yield, supported by a stated policy of returning value to shareholders, but faces significant risks from global trade tensions, economic slowdowns, and intense competition.

This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

• Recently, Blackstone published a report titled “Investing in the Picks and Shovels of AI.” You can read the report here.
• One image from the report that caught my eye was the growth in data that will be consumed and stored.
• One natural beneficiary of this massive increase in data is Western Digital (WDC) and its hard drive business.

Key points (machine generated)

• Regal Rexnord Corporation, founded in 1955, is a major player in the motion and power sector with a market cap of $8.9 billion and revenues of $6 billion.
• The company has shifted from traditional electric motor manufacturing to sustainable motion and power solutions, highlighted by key acquisitions and mergers over the past decade.
• RRX operates through three main segments: Industrial Powertrain Solutions, Automation & Motion Control, and has streamlined its portfolio by divesting its industrial motors and generators business.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Fevara is the new name of Carr’s Group, reflecting the refocusing of the business as a global leader in sustainable livestock supplements. Such supplements aim to improve digestion to enhance growth rates, which assists farming economics while also supporting animal welfare. Management’s strategy involves improving returns, accelerating growth in traditional markets and expanding into faster-growing emerging markets. This should provide investors with a strong recovery in profits from the operational improvements combined with medium-term growth.

• In today’s Morning Views publication we comment on developments of the following high yield issuers: International Container, Jababeka
• UST yields tumbled 9-11 bps across the curve on Friday, supported by haven demand following US President Donald Trump’s threat of new 100% tariffs and export controls on China.
• The yield on the 2Y UST declined 9 bps to 3.50%, while that on the 10Y UST was down 11 bps at 4.03%. Equities and risky assets (e.g. cryptocurrency) fell on fresh geopolitical worries, while gold and silver rose. The S&P 500 declined 2.7% (the worst one-day performance since April) to 6,553, while the Nasdaq slumped 3.6% to 22,204.

• RPMGlobal Holdings Limited (RUL AU), a mining software technology provider, has entered into a Scheme with Caterpillar Inc (CAT US).
• Caterpillar, which currently holds no shares in RPMGlobal, is offering A$5/share (the same as in the NBIO), a 32.8% premium to undisturbed. Terms have not been declared final.
• FIRB and ACCC approvals are conditions. FIRB won’t be an issue. The key ACCC question is whether the combo has significant direct market overlap that triggers substantial competition concerns.

• Sterlite Electric (1408581D IN) is looking to raise about US$169m in its upcoming India IPO. The deal will be run by Axis Capital, Motilal Oswal, Nuvama.
• Sterlite Electric Limited, formerly known as Sterlite Power Transmission Limited, is a manufacturer  and provider of system integration solutions, primarily focused on the power transmission and distribution (T&D) industry.
• Its product portfolio spans high-performance conductors, composite core conductors, and extra high-voltage cables, catering to both domestic and global markets.

• RPMGlobal Holdings Limited (RUL AU), a mining software technology provider, has entered into a Scheme with Caterpillar Inc (CAT US).
• Caterpillar, which currently holds no shares in RPMGlobal, is offering A$5/share (the same as in the NBIO), a 32.8% premium to undisturbed. Terms have not been declared final.
• FIRB and ACCC approvals are conditions. FIRB won’t be an issue. The key ACCC question is whether the combo has significant direct market overlap that triggers substantial competition concerns.

• Sterlite Electric (1408581D IN) is looking to raise about US$169m in its upcoming India IPO. The deal will be run by Axis Capital, Motilal Oswal, Nuvama.
• Sterlite Electric Limited, formerly known as Sterlite Power Transmission Limited, is a manufacturer  and provider of system integration solutions, primarily focused on the power transmission and distribution (T&D) industry.
• Its product portfolio spans high-performance conductors, composite core conductors, and extra high-voltage cables, catering to both domestic and global markets.

• Rexel’s performance in the first half of 2025 illustrates a balanced navigation through diverse market conditions, characterized by firm growth in its North American operations and challenged, but resilient outcomes in Europe.
• The company’s strategy, underscored by strong cash generation, continued adaptation to digital trends, and targeted mergers and acquisitions, has facilitated steady performance amidst mixed macroeconomic signals.
• 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.

• SPIE’s latest financial results showcase several notable aspects of its operational and strategic positioning within the industrial services sector, with both positive and negative elements to consider from an investment perspective.
• From a positive standpoint, SPIE reported a revenue increase of 5.8% in the first half of 2025, amounting to EUR 4,979 million.
• This growth was driven by a robust 2.4% organic growth rate and a substantial contribution from acquisitions, notably increasing their footprint in markets such as Poland, Switzerland, and the Netherlands.

• Rexel’s performance in the first half of 2025 illustrates a balanced navigation through diverse market conditions, characterized by firm growth in its North American operations and challenged, but resilient outcomes in Europe.
• The company’s strategy, underscored by strong cash generation, continued adaptation to digital trends, and targeted mergers and acquisitions, has facilitated steady performance amidst mixed macroeconomic signals.
• 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.

• SPIE’s latest financial results showcase several notable aspects of its operational and strategic positioning within the industrial services sector, with both positive and negative elements to consider from an investment perspective.
• From a positive standpoint, SPIE reported a revenue increase of 5.8% in the first half of 2025, amounting to EUR 4,979 million.
• This growth was driven by a robust 2.4% organic growth rate and a substantial contribution from acquisitions, notably increasing their footprint in markets such as Poland, Switzerland, and the Netherlands.

• Electronic payments and consumption surged post the GST rate cut, with Delhivery reporting a record 104 million shipments in September 2025.
• The Ecom Express integration and festive demand have positioned Delhivery for volume leadership and margin expansion.
• With strong execution and improving capital efficiency, Delhivery is set to consolidate its dominance in India’s third-party logistics market.

• Sales increased by JPY2.3bn (+8.7% YoY), with growth in Creative (Japan) and Medical Staffing segments, despite operating profit decline.
• Progress toward FY02/26 forecast: 46.8% sales, 42.8% operating profit, 42.2% recurring profit, 69.2% net income achieved.
• CRES segment sales were JPY411mn (20x YoY), with an operating loss of JPY467mn, reflecting new subsidiary performance.

• E-J Holdings reported Q1 FY05/26 revenue of JPY4.3bn, a 39.1% YoY increase, with operating loss of JPY1.5bn.
• Orders received totaled JPY11.8bn, a 31.5% YoY increase, due to Tokyo Soil Research Co., Ltd. consolidation.
• Losses at all profit levels due to government-related revenue concentration in Q4 and consistent fixed costs.

• Revenue increased 17.0% YoY to JPY15.4bn, driven by strong Emergency and Preventive Maintenance Services performance.
• Operating profit rose 25.6% YoY to JPY1.2bn, with an OPM increase of 0.5pp YoY to 7.5%.
• Shin Maint Holdings expanded market share by acquiring new customers and projects from competitors, enhancing sales activities.

Key points (machine generated)

• TOKAI Holdings Corporation reported record Q1 FY3/26 results with net sales of ¥58,128 million and operating profit of ¥3,941 million.
• Growth was driven by the energy business, supported by a customer base of approximately 3.44 million and favorable market conditions.
• For FY3/26, the company projects net sales of ¥253,000 million and operating profit of ¥17,500 million, with a focus on a 40-50% dividend payout ratio.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.

• Vp has delivered a resilient H1 performance against a backdrop of ongoing market challenges.
• Full year expectations are reiterated, with improving prospects for Rail and Water in particular.
• The Brandon Hire Station recovery plan is on course to complete by the end of the year, and the search is underway for Anna Bielby’s successor as CEO, who will inherit a business in strong shape.

Key points (machine generated)

• Builders FirstSource is the largest U.S. supplier of structural building materials and services, with 2024 net sales of $16.4 billion.
• Revenue is primarily generated from new single-family construction (71%), with diverse product offerings including lumber, windows, and manufactured products.
• Analysts consider BLDR undervalued due to expected housing starts and operational efficiencies, with chairman Paul Levy recently investing $55 million in the company.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Institutions net bought S$481.3 million in Singapore stocks, with Marco Polo Marine and Frencken Group leading in net buying.
• Marco Polo Marine secured S$100 million in ship chartering contracts and expanded its fleet with new vessels.
• Frencken Group focuses on sustainable expansion with new manufacturing facilities and aims to boost semiconductor competitiveness by 2027.

• Electronic payments and consumption surged post the GST rate cut, with Delhivery reporting a record 104 million shipments in September 2025.
• The Ecom Express integration and festive demand have positioned Delhivery for volume leadership and margin expansion.
• With strong execution and improving capital efficiency, Delhivery is set to consolidate its dominance in India’s third-party logistics market.

• Sales increased by JPY2.3bn (+8.7% YoY), with growth in Creative (Japan) and Medical Staffing segments, despite operating profit decline.
• Progress toward FY02/26 forecast: 46.8% sales, 42.8% operating profit, 42.2% recurring profit, 69.2% net income achieved.
• CRES segment sales were JPY411mn (20x YoY), with an operating loss of JPY467mn, reflecting new subsidiary performance.

• E-J Holdings reported Q1 FY05/26 revenue of JPY4.3bn, a 39.1% YoY increase, with operating loss of JPY1.5bn.
• Orders received totaled JPY11.8bn, a 31.5% YoY increase, due to Tokyo Soil Research Co., Ltd. consolidation.
• Losses at all profit levels due to government-related revenue concentration in Q4 and consistent fixed costs.

• Revenue increased 17.0% YoY to JPY15.4bn, driven by strong Emergency and Preventive Maintenance Services performance.
• Operating profit rose 25.6% YoY to JPY1.2bn, with an OPM increase of 0.5pp YoY to 7.5%.
• Shin Maint Holdings expanded market share by acquiring new customers and projects from competitors, enhancing sales activities.

Key points (machine generated)

• TOKAI Holdings Corporation reported record Q1 FY3/26 results with net sales of ¥58,128 million and operating profit of ¥3,941 million.
• Growth was driven by the energy business, supported by a customer base of approximately 3.44 million and favorable market conditions.
• For FY3/26, the company projects net sales of ¥253,000 million and operating profit of ¥17,500 million, with a focus on a 40-50% dividend payout ratio.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.

• Vp has delivered a resilient H1 performance against a backdrop of ongoing market challenges.
• Full year expectations are reiterated, with improving prospects for Rail and Water in particular.
• The Brandon Hire Station recovery plan is on course to complete by the end of the year, and the search is underway for Anna Bielby’s successor as CEO, who will inherit a business in strong shape.

Key points (machine generated)

• Builders FirstSource is the largest U.S. supplier of structural building materials and services, with 2024 net sales of $16.4 billion.
• Revenue is primarily generated from new single-family construction (71%), with diverse product offerings including lumber, windows, and manufactured products.
• Analysts consider BLDR undervalued due to expected housing starts and operational efficiencies, with chairman Paul Levy recently investing $55 million in the company.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Institutions net bought S$481.3 million in Singapore stocks, with Marco Polo Marine and Frencken Group leading in net buying.
• Marco Polo Marine secured S$100 million in ship chartering contracts and expanded its fleet with new vessels.
• Frencken Group focuses on sustainable expansion with new manufacturing facilities and aims to boost semiconductor competitiveness by 2027.