Category

Daily Briefs

Sep 28
0

Daily Brief ESG: The Key to Revitalizing Existing TSE Growth Companies Is Whether They Can Expect Growth Through M&A and more

By | Daily Briefs, ESG

In today’s briefing:

  • The Key to Revitalizing Existing TSE Growth Companies Is Whether They Can Expect Growth Through M&A

The Key to Revitalizing Existing TSE Growth Companies Is Whether They Can Expect Growth Through M&A

By Aki Matsumoto

  • The reason why IPOs tend to become the goal is that many IPOs are conducted for purposes other than company growth after IPOs.
  • In order to correct the notion that “IPO is the goal,” there are expectations for the revitalization of the market for trading unlisted shares and M&A of unlisted companies.
  • With the entry of unlisted stock funds, trading in privately-held stocks will become active, and if M&A for growth and management changes take place, the quality of IPOs will improve.

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Sep 28
0

Daily Brief Thematic (Sector/Industry): Japan Strategy Weekly | Between Hype and Hard Ground and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • Japan Strategy Weekly | Between Hype and Hard Ground
  • APAC Healthcare Weekly (September 28) – Fosun Pharma, CSPC Pharma, Celltrion, Lotus Pharma, Glenmark

Japan Strategy Weekly | Between Hype and Hard Ground

By Mark Chadwick

  • Japanese equities rose but is AI optimism starting to appear fatigued amid concerns over circular investment flows and capex sustainability. 
  • Diverging central bank policies complicate yen outlook; softer Tokyo inflation and resilient US data challenge expectations for BOJ tightening and Fed easing. 
  • Trump’s 100% drug tariffs hit Japanese pharma stocks, while resource scarcity boosted miners and Russian incursions over EU airspace lifted defence names. 

APAC Healthcare Weekly (September 28) – Fosun Pharma, CSPC Pharma, Celltrion, Lotus Pharma, Glenmark

By Tina Banerjee

  • Fosun Pharmaceutical’s marketing application of acute lymphoblastic leukemia drug was accepted by the NMPA. CSPC Pharma obtained approval to conduct clinical trial for Leqembi biosimilar in China.
  • Celltrion is acquiring Eli Lilly’s New Jersey biopharmaceutical production plant for KRW460B. Lotus Pharmaceutical is acquiring Alvogen US, a privately held, fully integrated pharmaceutical company.
  • Glenmark Pharmaceutical entered into an exclusive license and collaboration agreement with Hengrui Pharma for Trastuzumab Rezetecan, a next-generation HER2-targeting antibody drug conjugate (ADC) for an upfront payment of $18M.

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Sep 28
0

Daily Brief Technical Analysis: Buys Focused in China and more

By | Daily Briefs, Technical Analysis

In today’s briefing:

  • Buys Focused in China, Taiwan, and Korea; Bullish Outlook Intact

Buys Focused in China, Taiwan, and Korea; Bullish Outlook Intact

By Joe Jasper

  • We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int’l Compass reports all echoing this sentiment.
  • Market dynamics remain overwhelmingly risk-on; with plenty of global liquidity, we expect upside to continue into year-end and the early part of 2026.
  • Remain Overweight Taiwan, China, Korea, U.S., and Greece. Many buys in these countries, and also Europe and Japan. EURO STOXX 50 on the cusp of major breakout above 5500

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Sep 28
0

Daily Brief ECM: Weekly Deals Digest (28 Sep) – Zijin Gold and more

By | Daily Briefs, ECM

In today’s briefing:

  • Weekly Deals Digest (28 Sep) – Zijin Gold, Tekscend, Mandom, Pacific Ind, Paramount Bed, Soft99

Weekly Deals Digest (28 Sep) – Zijin Gold, Tekscend, Mandom, Pacific Ind, Paramount Bed, Soft99

By Arun George

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Sep 28
0

Daily Brief Industrials: Federal Signal, Sunwoda Electronic Co Ltd A, Mitsubishi Heavy Industries, Bloom Energy Corp and more

By | Daily Briefs, Industrials

In today’s briefing:

  • Federal Signal’s $396M Bet On Refuse Trucks: Could This Trash Truck Deal Get Dirty?
  • Buys Focused in China, Taiwan, and Korea; Bullish Outlook Intact
  • MHI (7011 JP): Laser Power Transmission Positive, Political Support Unclear
  • Bloom Energy Stock Tanks 15% After 540% Surge – Is the AI Power Hype Fading?

Federal Signal’s $396M Bet On Refuse Trucks: Could This Trash Truck Deal Get Dirty?

By Baptista Research

  • Federal Signal Corporation has made a strategic move with its definitive agreement to acquire Scranton Manufacturing Company, doing business as New Way Trucks, for an initial consideration of $396 million.
  • This deal, announced on September 25, 2025, includes an additional $30 million earmarked for real estate tied to New Way’s manufacturing facilities in Iowa and Mississippi.
  • Further, a performance-based earnout of up to $54 million could be paid over the next two years.

Buys Focused in China, Taiwan, and Korea; Bullish Outlook Intact

By Joe Jasper

  • We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int’l Compass reports all echoing this sentiment.
  • Market dynamics remain overwhelmingly risk-on; with plenty of global liquidity, we expect upside to continue into year-end and the early part of 2026.
  • Remain Overweight Taiwan, China, Korea, U.S., and Greece. Many buys in these countries, and also Europe and Japan. EURO STOXX 50 on the cusp of major breakout above 5500

MHI (7011 JP): Laser Power Transmission Positive, Political Support Unclear

By Scott Foster

  • Laser wireless power transmission technology opens new defense, dual-use and civilian market opportunities. 
  • Japanese politicians inclined to spend more on defense, but worried about the national budget. Likely to split the difference between 2% of GDP and Trump’s demands. 
  • Aircraft, Defense & Space to drive sales and profit growth through 2030. Buy on dips for the long term.

Bloom Energy Stock Tanks 15% After 540% Surge – Is the AI Power Hype Fading?

By Baptista Research

  • Bloom Energy’s second quarter 2025 results highlighted both robust growth and certain areas of strategic focus.
  • The call was led by CEO K.R. Sridhar, who shared that this was the most profitable second quarter in the company’s history.
  • Bloom Energy is seeing increased demand driven by the shift towards AI and data center needs for reliable and rapidly deployable power solutions.

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Sep 28
0

Daily Brief South Korea: Dongbu Insurance, KT&G Corporation and more

By | Daily Briefs, South Korea

In today’s briefing:

  • Spotted a Quietly Emerging Passive Flow Trade: Long DB Ins, Short Samsung Life in December
  • Top 10 Korean Stock Picks and Key Catalysts Bi-Weekly (26 September to 10 October 2025)

Spotted a Quietly Emerging Passive Flow Trade: Long DB Ins, Short Samsung Life in December

By Sanghyun Park

  • Samsung Life replaced DB Insurance at 5% vs 4.3% weight on June 13, triggering 0.2x DTV inflow/0.5x outflow; Samsung +1.79%, DB -4.97%, long-short net ~7%.
  • For December, DB Insurance likely reclaims Samsung Life’s slot; with higher ETF AUM, expect ~+1.0x DTV inflow for DB, ~-0.6/-0.7x DTV outflow for Samsung.
  • Still under the radar locally; expect big ETF rebal day moves. With June’s precedent, consider starting positions a day or two early before desk trades.

Top 10 Korean Stock Picks and Key Catalysts Bi-Weekly (26 September to 10 October 2025)

By Douglas Kim

  • In this insight, we provide the top 10 stock picks and key catalysts in the Korean stock market for the next two weeks (26 September to 10 October 2025).
  • Top 10 picks in this bi-weekly include S&T Dynamics, Samsung Electronics, KT&G, Samsung Life Insurance, Hana Financial, Hyundai Elevator, SK Inc, Lotte Tour Development, Naver, and Douzone Bizon. 
  • There have been some signs of shipbuilding and shipping services related stocks (such as HMM, SK Oceanplant, and HJ Shipbuilding) experiencing some weakness in the past couple of weeks. 

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Sep 28
0

Daily Brief TMT/Internet: Accenture Plc Cl A, Micron Technology, BlackBerry Ltd, Jabil Circuit, Synnex Corp and more

By | Daily Briefs, TMT/Internet

In today’s briefing:

  • Accenture: Strategic Acquisitions & Continuous Innovation to Shape Competitive Landscape & Future Growth Trajectory!
  • Micron Unveils Game-Changing 1-Gamma Node Expansion to Slash Costs & Boost Output; What Lies Ahead?
  • BlackBerry’s QNX Can Power the Future of Cars with Qualcomm, BMW, & NVIDIA Deals!
  • Jabil’s Global Diversification – Will Balanced Capacity & Automation Shield It from Market Volatility?
  • TD SYNNEX Is Betting Big on Cybersecurity – Will It Become the Go-To Partner for Digital Defense?

Accenture: Strategic Acquisitions & Continuous Innovation to Shape Competitive Landscape & Future Growth Trajectory!

By Baptista Research

  • Accenture’s most recent earnings discussion reveals significant insights into their fourth quarter and full fiscal year 2025 performance, as well as their strategic outlook for 2026.
  • The narrative reflects a blend of robust financial achievements, strategic realignments, and forward-looking initiatives centered around their ongoing investments in AI, digital transformation, and global footprint expansion.
  • 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.

Micron Unveils Game-Changing 1-Gamma Node Expansion to Slash Costs & Boost Output; What Lies Ahead?

By Baptista Research

  • Micron Technology’s recent earnings provided insights into its performance and strategic outlook.
  • The company appears to be navigating industry dynamics effectively, particularly within the NAND and DRAM markets.
  • The call highlighted several critical areas of development and potential challenges facing Micron.

BlackBerry’s QNX Can Power the Future of Cars with Qualcomm, BMW, & NVIDIA Deals!

By Baptista Research

  • BlackBerry’s second-quarter fiscal year 2026 results offer a complex picture of growth and stability as the company navigates its diversified operations in a shifting market environment.
  • The company’s overall revenue increased by 3% year-over-year to $129.6 million, with all divisions topping the high end of their guidance areas.
  • The company maintained a consistent positive GAAP net income of $13.3 million and achieved a non-GAAP EPS of $0.04, surpassing expectations, despite facing significant tax payments during the quarter.

Jabil’s Global Diversification – Will Balanced Capacity & Automation Shield It from Market Volatility?

By Baptista Research

  • Jabil Inc. has reported its fiscal year 2025 results, showcasing solid financial performance against a backdrop of varied market dynamics.
  • The company reported approximately $8.3 billion in revenue for the fourth quarter, exceeding earlier forecasts by $800 million.
  • This revenue increase was broad-based across its three segments: Regulated Industries, Intelligent Infrastructure, and Connected Living & Digital Commerce.

TD SYNNEX Is Betting Big on Cybersecurity – Will It Become the Go-To Partner for Digital Defense?

By Baptista Research

  • TD SYNNEX delivered strong results in the third quarter of its fiscal 2025, showcasing significant growth in several key financial metrics and segments of its business.
  • The company’s consolidated gross billings reached $22.7 billion, marking a 12% year-over-year increase, or 10% on a constant currency basis.
  • This performance was reinforced by the higher-than-expected non-GAAP diluted earnings per share of $3.58, representing a notable 25% rise from the previous year.

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Sep 28
0

Daily Brief Industrials: Federal Signal, Sunwoda Electronic Co Ltd A, Mitsubishi Heavy Industries, Bloom Energy Corp and more

By | Daily Briefs, Industrials

In today’s briefing:

  • Federal Signal’s $396M Bet On Refuse Trucks: Could This Trash Truck Deal Get Dirty?
  • Buys Focused in China, Taiwan, and Korea; Bullish Outlook Intact
  • MHI (7011 JP): Laser Power Transmission Positive, Political Support Unclear
  • Bloom Energy Stock Tanks 15% After 540% Surge – Is the AI Power Hype Fading?

Federal Signal’s $396M Bet On Refuse Trucks: Could This Trash Truck Deal Get Dirty?

By Baptista Research

  • Federal Signal Corporation has made a strategic move with its definitive agreement to acquire Scranton Manufacturing Company, doing business as New Way Trucks, for an initial consideration of $396 million.
  • This deal, announced on September 25, 2025, includes an additional $30 million earmarked for real estate tied to New Way’s manufacturing facilities in Iowa and Mississippi.
  • Further, a performance-based earnout of up to $54 million could be paid over the next two years.

Buys Focused in China, Taiwan, and Korea; Bullish Outlook Intact

By Joe Jasper

  • We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int’l Compass reports all echoing this sentiment.
  • Market dynamics remain overwhelmingly risk-on; with plenty of global liquidity, we expect upside to continue into year-end and the early part of 2026.
  • Remain Overweight Taiwan, China, Korea, U.S., and Greece. Many buys in these countries, and also Europe and Japan. EURO STOXX 50 on the cusp of major breakout above 5500

MHI (7011 JP): Laser Power Transmission Positive, Political Support Unclear

By Scott Foster

  • Laser wireless power transmission technology opens new defense, dual-use and civilian market opportunities. 
  • Japanese politicians inclined to spend more on defense, but worried about the national budget. Likely to split the difference between 2% of GDP and Trump’s demands. 
  • Aircraft, Defense & Space to drive sales and profit growth through 2030. Buy on dips for the long term.

Bloom Energy Stock Tanks 15% After 540% Surge – Is the AI Power Hype Fading?

By Baptista Research

  • Bloom Energy’s second quarter 2025 results highlighted both robust growth and certain areas of strategic focus.
  • The call was led by CEO K.R. Sridhar, who shared that this was the most profitable second quarter in the company’s history.
  • Bloom Energy is seeing increased demand driven by the shift towards AI and data center needs for reliable and rapidly deployable power solutions.

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  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
Sign Up for Free


Sep 28
0

Daily Brief Equity Bottom-Up: Top 10 Korean Stock Picks and Key Catalysts Bi-Weekly (26 September to 10 October 2025) and more

By | Daily Briefs, Equity Bottom-Up

In today’s briefing:

  • Top 10 Korean Stock Picks and Key Catalysts Bi-Weekly (26 September to 10 October 2025)
  • Federal Signal’s $396M Bet On Refuse Trucks: Could This Trash Truck Deal Get Dirty?
  • Accenture: Strategic Acquisitions & Continuous Innovation to Shape Competitive Landscape & Future Growth Trajectory!
  • MHI (7011 JP): Laser Power Transmission Positive, Political Support Unclear
  • Micron Unveils Game-Changing 1-Gamma Node Expansion to Slash Costs & Boost Output; What Lies Ahead?
  • China Healthcare Weekly (Sep.28) – Trump’s Pharma Tariff, Companies Increase Their Holdings, Duality
  • Kolte Patil (KPDL): Weak Q1FY26 Performance, However Medium-Term Potential Is Intact
  • Jabil’s Global Diversification – Will Balanced Capacity & Automation Shield It from Market Volatility?
  • KB Home: An Insight Into its Optimized Asset Mix, Pricing Strategy & Other Major Drivers!
  • O’Reilly Automotive Leaves Autozone In The Dust—The Valuation Gap Explained!

Top 10 Korean Stock Picks and Key Catalysts Bi-Weekly (26 September to 10 October 2025)

By Douglas Kim

  • In this insight, we provide the top 10 stock picks and key catalysts in the Korean stock market for the next two weeks (26 September to 10 October 2025).
  • Top 10 picks in this bi-weekly include S&T Dynamics, Samsung Electronics, KT&G, Samsung Life Insurance, Hana Financial, Hyundai Elevator, SK Inc, Lotte Tour Development, Naver, and Douzone Bizon. 
  • There have been some signs of shipbuilding and shipping services related stocks (such as HMM, SK Oceanplant, and HJ Shipbuilding) experiencing some weakness in the past couple of weeks. 

Federal Signal’s $396M Bet On Refuse Trucks: Could This Trash Truck Deal Get Dirty?

By Baptista Research

  • Federal Signal Corporation has made a strategic move with its definitive agreement to acquire Scranton Manufacturing Company, doing business as New Way Trucks, for an initial consideration of $396 million.
  • This deal, announced on September 25, 2025, includes an additional $30 million earmarked for real estate tied to New Way’s manufacturing facilities in Iowa and Mississippi.
  • Further, a performance-based earnout of up to $54 million could be paid over the next two years.

Accenture: Strategic Acquisitions & Continuous Innovation to Shape Competitive Landscape & Future Growth Trajectory!

By Baptista Research

  • Accenture’s most recent earnings discussion reveals significant insights into their fourth quarter and full fiscal year 2025 performance, as well as their strategic outlook for 2026.
  • The narrative reflects a blend of robust financial achievements, strategic realignments, and forward-looking initiatives centered around their ongoing investments in AI, digital transformation, and global footprint expansion.
  • 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.

MHI (7011 JP): Laser Power Transmission Positive, Political Support Unclear

By Scott Foster

  • Laser wireless power transmission technology opens new defense, dual-use and civilian market opportunities. 
  • Japanese politicians inclined to spend more on defense, but worried about the national budget. Likely to split the difference between 2% of GDP and Trump’s demands. 
  • Aircraft, Defense & Space to drive sales and profit growth through 2030. Buy on dips for the long term.

Micron Unveils Game-Changing 1-Gamma Node Expansion to Slash Costs & Boost Output; What Lies Ahead?

By Baptista Research

  • Micron Technology’s recent earnings provided insights into its performance and strategic outlook.
  • The company appears to be navigating industry dynamics effectively, particularly within the NAND and DRAM markets.
  • The call highlighted several critical areas of development and potential challenges facing Micron.

China Healthcare Weekly (Sep.28) – Trump’s Pharma Tariff, Companies Increase Their Holdings, Duality

By Xinyao (Criss) Wang

  • Trump said he will place import taxes on 100% of pharmaceutical drugs, which will begin on Oct.1. Below, we shared our views on this new policy.
  • Some companies continue to repurchase/increase their holdings despite the industry’s significant rise this year, indicating that major shareholders truly have confidence in the outlook. We specifically listed these companies.
  • The fluctuations in Duality’s stock price are obviously driven by capital after being included in HK Stock Connect. we suggest that investors pay attention to risks as Duality faces correction.

Kolte Patil (KPDL): Weak Q1FY26 Performance, However Medium-Term Potential Is Intact

By Ankit Agrawal, CFA

  • Q1FY26 pre-sales came in weak led by delayed launches; however, KPDL’s management has guided to do INR 3500cr+ (25% YoY growth) in pre-sales for the full-year FY26.
  • During Q1FY26, KPDL completed allotment of 14.3% equity stake to Blackstone bringing in INR 417cr of capital that is earmarked to be predominantly used as growth capital. 
  • Due to ongoing transition phase with Blackstone (BX US) being added as a promoter, the business development activity has been slow. However, more clarity and visibility is expected post Q2.

Jabil’s Global Diversification – Will Balanced Capacity & Automation Shield It from Market Volatility?

By Baptista Research

  • Jabil Inc. has reported its fiscal year 2025 results, showcasing solid financial performance against a backdrop of varied market dynamics.
  • The company reported approximately $8.3 billion in revenue for the fourth quarter, exceeding earlier forecasts by $800 million.
  • This revenue increase was broad-based across its three segments: Regulated Industries, Intelligent Infrastructure, and Connected Living & Digital Commerce.

KB Home: An Insight Into its Optimized Asset Mix, Pricing Strategy & Other Major Drivers!

By Baptista Research

  • KB Home’s third quarter financial results for fiscal year 2025 reflect a nuanced picture of its current market position, with both strengths and challenges evident.
  • From a financial standpoint, the company managed to deliver over $1.6 billion in total revenues, a figure that met or exceeded its own guidance across key operational metrics.
  • This solid performance translates into a diluted earnings per share of $1.61 and an impressive gross margin of 18.9%, excluding inventory-related charges — both of which underscore the company’s ability to effectively manage costs and drive profitability amidst changing market conditions.

O’Reilly Automotive Leaves Autozone In The Dust—The Valuation Gap Explained!

By Baptista Research

  • O’Reilly Automotive has been one of the top-performing retail stocks in 2025, rising over 30% yearto-date and recently trading at $103.47.
  • While this rally might make the stock appear expensive relative to peers such as AutoZone, Advance Auto Parts, and Genuine Parts, a closer look at the company’s fundamentals justifies its elevated valuation.
  • Sales are projected to grow more than 6% annually over the next two years—significantly ahead of peers struggling with stagnation or outright declines.

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Sep 28
0

Daily Brief Event-Driven: Spotted a Quietly Emerging Passive Flow Trade: Long DB Ins and more

By | Daily Briefs, Event-Driven

In today’s briefing:

  • Spotted a Quietly Emerging Passive Flow Trade: Long DB Ins, Short Samsung Life in December
  • Last Week In Event SPACE: Sony Corp/Sony Financial, Naspers/Prosus, Shandong Hi-Speed, Shift Inc
  • (Mostly) Asia-Pac M&A: Kangji Medical, Jinke Smart Services, Soft99, Mandom, Paramount Bed

Spotted a Quietly Emerging Passive Flow Trade: Long DB Ins, Short Samsung Life in December

By Sanghyun Park

  • Samsung Life replaced DB Insurance at 5% vs 4.3% weight on June 13, triggering 0.2x DTV inflow/0.5x outflow; Samsung +1.79%, DB -4.97%, long-short net ~7%.
  • For December, DB Insurance likely reclaims Samsung Life’s slot; with higher ETF AUM, expect ~+1.0x DTV inflow for DB, ~-0.6/-0.7x DTV outflow for Samsung.
  • Still under the radar locally; expect big ETF rebal day moves. With June’s precedent, consider starting positions a day or two early before desk trades.

Last Week In Event SPACE: Sony Corp/Sony Financial, Naspers/Prosus, Shandong Hi-Speed, Shift Inc

By David Blennerhassett

(Mostly) Asia-Pac M&A: Kangji Medical, Jinke Smart Services, Soft99, Mandom, Paramount Bed

By David Blennerhassett

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  • ✓ Company Data and News
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