Category

Daily Briefs

Jun 16
0

Daily Brief Utilities: Nextera Energy, Atmos Energy, Vistra and more

By | Daily Briefs, Utilities Sector

In today’s briefing:

  • NextEra Energy Inc.: Initiation of Coverage – A Blend of Stability and Growth in Renewable Energy! – Major Drivers
  • Atmos Energy Corporation: Initiation of Coverage – Sustained Growth Through Strategic Investments and Regulatory Support! – Major Drivers
  • Vistra Corp.: Initiation of Coverage – How They Are Navigating Market Volatility and Competitive Pressures? – Major Drivers

NextEra Energy Inc.: Initiation of Coverage – A Blend of Stability and Growth in Renewable Energy! – Major Drivers

By Baptista Research

  • A combination of strong demand growth, portfolio diversification, and strategic expansion has helped NextEra Energy post solid financial results for the first quarter of 2024.
  • The company reported an 8.3% year-over-year increase in adjusted earnings per share, driven largely by the performance of its Florida Power & Light Company (FPL) and Energy Resources segments.
  • FPL’s earnings per share increased $0.04 year-over-year, the primary driver being a growth of approximately 11.5% in the company’s regulatory capital year-over-year.

Atmos Energy Corporation: Initiation of Coverage – Sustained Growth Through Strategic Investments and Regulatory Support! – Major Drivers

By Baptista Research

  • Atmos Energy Corporation has provided an update on their fiscal 2024 second quarter results in their latest earnings call.
  • The company reported a year-to-date net income of $743 million and has revised their fiscal 2024 earnings per share guidance to a range of $6.70 to $6.80, indicating a sound financial performance.
  • The company attributes their performance to the commitment and hard work of its employees in modernizing their natural gas distribution, transmission and storage systems, and providing reliable service to their 3.4 million customers.

Vistra Corp.: Initiation of Coverage – How They Are Navigating Market Volatility and Competitive Pressures? – Major Drivers

By Baptista Research

  • Vistra Energy’s first quarter 2024 earnings revealed a company with a positive outlook for long-term growth, yet with some challenges ahead.
  • Positive remarks were made on improved market dynamics in the power sector and a significant increase in long-term outlook for the company.
  • A substantial execution plan was also presented, primarily focused on delivering reliable, affordable, and sustainable power amidst increasing power demands.

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Jun 16
0

Daily Brief TMT/Internet: NVIDIA Corp, Avnet Inc, Guidewire Software, Littelfuse Inc, Ma Com Technology Solutions, Smartsheet Inc and more

By | Daily Briefs, TMT/Internet

In today’s briefing:

  • MV US Listed Semiconductor 25 Index Rebalance: US$1bn to Sell in NVIDIA
  • Avnet Inc.: New Launches
  • Guidewire Software Inc.: A Tale Of Strategic Focus on Modernization and Generative AI! – Major Drivers
  • Littelfuse Inc.: Will Its Increased Design Win Momentum Last? – Major Drivers
  • MACOM Technology Solutions: How They Are Strengthening Market Presence in Data Centers and Telecom! – Major Drivers
  • Smartsheet Inc.: Focus on Artificial Intelligence (AI) and User Engagement! – Major Drivers

MV US Listed Semiconductor 25 Index Rebalance: US$1bn to Sell in NVIDIA

By Brian Freitas

Avnet Inc.: New Launches

By Baptista Research

  • Avnet delivered mixed financial results in its third quarter of fiscal year 2024.
  • While the company met the strategic objectives and forecasts laid out for the period, several nuances within the report reveal the complex environment in which the company is currently operating.
  • Avnet reported a revenue of $5.7 billion for the quarter, a figure that aligns with company projections but represents a significant decline compared to the previous year’s figures.

Guidewire Software Inc.: A Tale Of Strategic Focus on Modernization and Generative AI! – Major Drivers

By Baptista Research

  • Guidewire recently disclosed its results for the third quarter of fiscal year 2024, which exhibited a strong operational performance and positive strategic developments.
  • The company, which provides insurance software, expressed confidence in its cloud-based offerings and reported significant progress in both customer traction and financial metrics.
  • During this quarter, Guidewire saw substantial customer adoption, evidenced by the closure of eight InsuranceSuite Cloud deals, bringing the year-to-date tally to 24—an increase of 33% year-over-year.

Littelfuse Inc.: Will Its Increased Design Win Momentum Last? – Major Drivers

By Baptista Research

  • Littelfuse, a global leader in circuit protection, reported its first quarter 2024 results which reflect a balanced narrative of progressing through challenges while capitalizing on long-term growth opportunities.
  • The company continues to execute its strategies amid an evolving macroeconomic context, emphasizing diversification and operational efficiency which has been pivotal in navigating high inflation and uncertain market conditions.
  • Littelfuse reported a drop in revenue by 12% year-over-year, attributing much of this decline to ongoing inventory adjustments across its channels and weaker end-market demands particularly noted in the Electronics and Industrial segments.

MACOM Technology Solutions: How They Are Strengthening Market Presence in Data Centers and Telecom! – Major Drivers

By Baptista Research

  • MACOM’s financial results for the second fiscal quarter of 2024 reflect a healthy and profitable business environment, with continuing investments aimed at future growth opportunities.
  • The company reported a revenue of $181.2 million, a 15.3% sequential increase, and adjusted EPS of $0.59 per diluted share.
  • These figures are indicative of MACOM’s robust performance, particularly in the Industrial and Defense (I&D) and telecom sectors, demonstrating strong existing operations and the added financial benefits from the recent acquisition of an RF business.

Smartsheet Inc.: Focus on Artificial Intelligence (AI) and User Engagement! – Major Drivers

By Baptista Research

  • Smartsheet has reported a strong start to the fiscal year 2025 with a number of positive developments, though there are areas that warrant close observation as the company moves forward with its new initiatives.
  • Smartsheet’s growth narrative continues to strengthen with a reported annualized recurring revenue (ARR) of $1.056 billion, marking an increase of 19% year-over-year.
  • This growth has been buoyed by a significant increase in the number of customers contributing more than $100,000 to Smartsheet’s ARR, indicating robust customer expansion and deeper penetration within existing accounts.

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Jun 16
0

Daily Brief Financials: Great Eastern Holdings, Abacus Storage King, Vinhomes and more

By | Daily Briefs, Financials

In today’s briefing:

  • Great Eastern Holdings (GE SP): Playbook as OCBC Offer Declared Final, IFA Opines NOT Fair
  • MV Australia A-REITs Index Rebalance: Abacus Storage King Deleted (Finally!)
  • MarketVector Vietnam Local Index Rebalance: Two Adds and Other Changes

Great Eastern Holdings (GE SP): Playbook as OCBC Offer Declared Final, IFA Opines NOT Fair

By Arun George

  • Great Eastern Holdings (GE SP) IFA opines that the OCBC (OCBC SP) S$25.60 offer is NOT fair but reasonable as it is below the valuation range of S$28.87-S$36.19 per share.
  • In response, OCBC declared the price final, and the final closing date is 12 July. Great Eastern will likely breach free float requirements and be suspended when the offer closes.
  • The offer will likely follow the Boustead Projects/Boustead Singapore blueprint, where SGX RegCo eventually (took seven months) enabled dissenters to receive a fair offer with a 24% uplift. 

MV Australia A-REITs Index Rebalance: Abacus Storage King Deleted (Finally!)

By Brian Freitas

MarketVector Vietnam Local Index Rebalance: Two Adds and Other Changes

By Brian Freitas

  • Viettel Construction (CTR VN) and EVN Finance (EVF VN) will be added to the MarketVector Vietnam Local Index at the close on 21 June.
  • Estimated one-way turnover is 5.2% and that results in a one-way trade of US$27m. There are 3 stocks with more than 1x ADV to buy from passives.
  • There will be over US$1m to buy in Vinhomes (VHM VN), Bank for Foreign Trade of Vietnam (VCB VN) and Vingroup Jsc (VIC VN). 

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Jun 16
0

Daily Brief Health Care: Jeisys Medical, Medipal Holdings and more

By | Daily Briefs, Healthcare

In today’s briefing:

  • (Mostly) Asia-Pac M&A: Fancl, Jeisys Medical, A8 New Media, Bapcor, Helios Techno,Tatsuta Electric
  • Medipal Holdings (7459 JP): Mixed FY24 Result; Growth to Continue in FY25; Buyback Plan Announced

(Mostly) Asia-Pac M&A: Fancl, Jeisys Medical, A8 New Media, Bapcor, Helios Techno,Tatsuta Electric

By David Blennerhassett

Medipal Holdings (7459 JP): Mixed FY24 Result; Growth to Continue in FY25; Buyback Plan Announced

By Tina Banerjee

  • Medipal Holdings (7459 JP) reported FY24 result, with revenue and net profit beating and operating profit missing guidance. FY24 revenue increased 6% YoY, driven by growth across all business segments.
  • The company is anticipating an upturn in revenue and operating profit in FY25. However, FY25 net profit is expected to fall due to the absence of extraordinary income.
  • The company has announced a share buy-back plan to purchase up to 2.5M shares for ¥5B from May 15, 2024 to August 30, 2024.  

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Jun 16
0

Daily Brief Industrials: Keisei Electric Railway Co, Donaldson Co and more

By | Daily Briefs, Industrials

In today’s briefing:

  • Last Week in Event SPACE: Keisei Electric, CMCDI, Sigma Healthcare, Sun Corp, Segantii
  • Donaldson Company Inc.: Initiation of Coverage – Expansion in Life Sciences Sector & Other Major Drivers

Last Week in Event SPACE: Keisei Electric, CMCDI, Sigma Healthcare, Sun Corp, Segantii

By David Blennerhassett

Donaldson Company Inc.: Initiation of Coverage – Expansion in Life Sciences Sector & Other Major Drivers

By Baptista Research

  • Donaldson Company’s third quarter fiscal 2024 results illuminate a company adeptly navigating its competitive landscape and growth avenues, albeit with nuances across different segments and geographies that invite a more tempered enthusiasm.
  • The reported 6% increase in total sales to a record $928 million and a 22% increase in EPS to a record $0.92, alongside an operating margin at a more than decade-high, succinctly encapsulate the firm’s short-term operational success.
  • In Mobile Solutions, notable volume growth driven by the aftermarket business has surpassed pricing gains, which points to robust market performance and potentially sustainable revenue streams from recurrent business.

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Jun 16
0

Top 10 Highlights from the APAC PE, VC and Startup Ecosystem this Week – 16 Jun 2024

By | Private Markets, Smartkarma Newswire

Top ten highlights from the APAC PE, VC, and startup ecosystem this week:

  1. Northstar Group in Talks to Sell Stake in Innovalues to China Finecast International Corporation
  2. Actis Targets $500-600 Million for Climate-Focused Fund in Asia Pacific
  3. Leo Capital Closes Third Fund Below Target Amid Tough Fundraising Environment
  4. EQT Seeks to Consolidate Ownership in Southeast Asia Portfolio Companies
  5. Brookfield Asset Management Aims to Raise $5 Billion for Climate Finance Fund
  6. L Catterton Plans $800 Million Fundraise for Pan-Asia Fund
  7. PAG Set to Conclude Fundraising for Buyout Fund at $4 Billion
  8. CalPERS Commits Over $1 Billion to Funds Managed by B Capital, TPG, and MBK Partners
  9. CDH Investments Launches Mezzanine Fund for Internet Data Centre Infrastructure
  10. Private Market Opportunities in Southeast Asia Require Stronger Track Record for Investment Attraction

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