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Smartkarma Newswire

Intouch Holdings (INTUCH) Posts Stellar 1Q Earnings: Net Income Hits 3.26B Baht with EPS of 1.02 Baht

By | Earnings Alerts
  • Intouch’s net income for the first quarter stands at 3.26 billion Baht.
  • The Earnings Per Share (EPS) is reported to be 1.02 Baht.
  • Analysts’ consensus on Intouch’s shares indicates 7 buys, 3 holds and 1 sell.

A look at Intouch Holdings Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Intouch Holdings Public Company Limited, a diversified telecommunication and media holding company, is positioned for a promising long-term outlook according to Smartkarma Smart Scores. With strong scores in Dividends, Growth, Resilience, and Momentum, Intouch Holdings demonstrates solid potential across key factors essential for sustained success in the market.

Backed by a portfolio of investments in television broadcasting, cellular phone, and wireless services, Intouch Holdings is well-equipped to capitalize on growth opportunities and deliver consistent value to its shareholders. The company’s robust performance in key areas highlights its resilience in the face of market fluctuations, paving the way for continued momentum and sustainable growth in the future.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Guangzhou Automobile Group (2238) Earnings Analysis: April Vehicle Sales Show a Decrease of 25% Y/Y

By | Earnings Alerts
  • Guangzhou Auto reported vehicle sales of 133,313 units in April, which marks a 25% decline year-over-year (y/y).
  • The company experienced a significant 41% decrease in New Energy Vehicle (NEV) sales y/y, selling only 27,345 units this April.
  • Presently, Guangzhou Auto has received more buy recommendations than hold, with 18 buys and 7 holds, respectively. Notably, no sell recommendations have been made.
  • The comparisons drawn here are based solely on the values reported by the company in their original disclosures.

Guangzhou Automobile Group on Smartkarma

Analyst coverage of Guangzhou Automobile Group on Smartkarma by Travis Lundy has provided valuable insights for investors. In his report titled “A/H Premium Tracker (To 12 Apr 2024)”, Lundy highlights the significant bounce-back of “the right trades” and the strong performance of the Quiddity Portfolio, with AH premia remaining high but expected to decrease. The report includes detailed tables, charts, and measures for tracking A/H premium positioning and market trends, offering a comprehensive analysis of the company’s performance.

In another report by Travis Lundy, “A/H Premium Tracker (To 22 Dec 23)”, he emphasizes the underperformance of large cap and liquid Hs in H/A pairs compared to As, particularly influenced by gaming news. The report advises staying long on Hs versus As as liquid Hs with H/A pairs have shown consistent outperformance. Lundy’s analysis provides valuable insights for investors looking to navigate the market and make informed decisions regarding Guangzhou Automobile Group.


A look at Guangzhou Automobile Group Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE4.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Guangzhou Automobile Group Company, Ltd. is positioned for a promising long-term outlook based on its Smartkarma Smart Scores. With a top score of 5 in both Value and Dividend factors, the company is perceived favorably in terms of its financial health and dividend payout. This indicates that investors can potentially benefit from the company’s solid value proposition and attractive dividend yield. Additionally, Guangzhou Automobile Group receives a commendable score of 4 in Growth, Resilience, and Momentum, suggesting a positive trajectory in its business growth, ability to withstand economic challenges, and market momentum.

As a manufacturer, seller, and service provider in the automobile industry, Guangzhou Automobile Group also diversifies its operations into areas such as automobile parts, components, and auto finance services. This broad market presence and range of services contribute to the company’s overall resilience and growth potential. The combination of strong value, dividend yield, and growth prospects positions Guangzhou Automobile Group as an appealing investment opportunity for investors seeking long-term stability and potential returns in the automotive sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Formosa Plastics (1301) Earnings Report: 2Q Net Income Falls Short of Estimates

By | Earnings Alerts
  • Formosa Plastics reported a 2Q net income of NT$220.9 million, falling short of the estimated NT$1.77 billion.
  • The company posted an operating loss of NT$1.45 billion, contrary to the expected profit of NT$2.23 billion.
  • The revenue stood at NT$48.11 billion, with it being lower than the estimated NT$51.59 billion.
  • The Earnings per Share (EPS) is calculated at NT$0.030, much less than the anticipated NT$0.32.
  • Pertaining to investment ratings, the company has received 1 ‘buy’ rating, 8 ‘hold’ ratings, and 3 ‘sell’ ratings.

A look at Formosa Plastics Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth2
Resilience3
Momentum2
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Formosa Plastics Corporation, a company that manufactures a variety of plastics materials and chemical fiber products, has received high scores in Value and Dividend aspects, indicating strong metrics in these areas. The company’s robust performance in these categories suggests a positive long-term outlook for investors seeking value and dividends from their investments.

However, Formosa Plastics has lower scores in Growth, Resilience, and Momentum, which may imply challenges in these areas that could impact its future prospects. Investors should consider these factors alongside the company’s strong value and dividend profiles when assessing their investment decisions in Formosa Plastics.

Summary: Formosa Plastics Corporation is a manufacturer of PVC resins, high-density polyethylene, acrylic fiber, and other chemical products. The company has received high scores in Value and Dividend, but lower scores in Growth, Resilience, and Momentum, indicating a mixed outlook for investors.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Hero Motocorp (HMCL) Earnings Underwhelm in 4Q: Net Income Misses Estimated Targets

By | Earnings Alerts
  • Hero MotoCorp’s fourth-quarter net income rose 19% year-on-year but fell short of the estimated 10.48 billion rupees, recording 10.2 billion rupees instead.
  • Revenue projected a positive outlook as it increased by 15% year-on-year, surpassing the estimate of 94.01 billion rupees to reach 95.2 billion rupees.
  • Total costs for the quarter also saw an uptick, increasing by 13% year-on-year to 83.5 billion rupees.
  • Of the total costs, raw material costs accrued to 61 billion rupees, representing a 5.2% year-on-year increase.
  • Other incomes recorded a dip, decreasing by 24% year-on-year to settle at 1.8 billion rupees.
  • Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) showed an impressive increase of 25% year-on-year, exceeding the estimate of 13.23 billion rupees and ending at 13.59 billion rupees.
  • Dividends per share were marked at 40 rupees.
  • The company has received 25 buys, 7 holds, and 9 sells from shareholders.

A look at Hero Motocorp Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth3
Resilience5
Momentum4
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Hero Motocorp, a leading motorcycle company, is positioned well for the long term based on the Smartkarma Smart Scores analysis. With strong scores in Dividend and Resilience, indicating a robust dividend payout and ability to weather market challenges, the company shows promise for consistent performance and stability. Additionally, a favorable Momentum score suggests positive trends in stock price movement, reflecting market enthusiasm for the company’s future prospects. While Value and Growth scores are moderate, the high scores in Dividend and Resilience affirm Hero Motocorp‘s solid foundation and potential for sustained success.

Hero Motocorp Ltd., a renowned motorcycle manufacturer, garners promising Smartkarma Smart Scores across key factors. Despite moderate ratings in Value and Growth, the company shines in Dividend and Resilience, showcasing its commitment to rewarding investors and ability to withstand economic fluctuations. Supported by a strong Momentum score, Hero Motocorp is likely to maintain its upward trajectory in the market. Overall, Hero Motocorp‘s focus on designing, manufacturing, and distributing motorcycles positions it favorably for long-term success, backed by its solid performance across the Smartkarma Smart Scores metrics.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Delta Electronics (2308) Earnings: April Sales Soar to NT$33.54B, Inspiring 21 Buys

By | Earnings Alerts
  • Delta Electronics reported sales of NT$33.54 billion in April.
  • The company’s sales have increased by 6.33%.
  • The market has shown great confidence in Delta Electronics with 21 buys, 2 holds, and 0 sells.

Delta Electronics on Smartkarma

Analyst coverage of Delta Electronics on Smartkarma highlights contrasting views on Delta Taiwan and Delta Thailand. Analyst Vincent Fernando, CFA, in the report “Delta Taiwan Vs. Thailand Monitor: Delta Taiwan Surges As New AI Play; But Shorts Amassing as Well,” discusses how Delta Taiwan’s AI power efficiency solutions showcased at NVIDIA Corp’s GTC Conference led to outperformance compared to Delta Thailand. However, concerns arise as short interest spiked for Delta Taiwan, signaling a potential overbought market driven by AI concept stock hype.

In another report by Vincent Fernando, CFA, titled “Delta Taiwan Vs. Thailand Monitor: EVENT: Imminent Earnings Release, Thailand Still Overvalued,” it is noted that Delta Thailand continues to be overvalued despite underperforming Delta Taiwan. The upcoming earnings release in Taiwan is expected to highlight Delta Taiwan as the superior stock with both companies sharing a similar growth profile. Delta Thailand’s higher valuation and potential share sale overhang pose challenges, signaling a preference towards Delta Taiwan for investors seeking a promising investment opportunity.


A look at Delta Electronics Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Delta Electronics Inc. is well-positioned for long-term growth according to the Smartkarma Smart Scores. With a high Growth score of 4, the company is expected to expand its operations and revenue over time. Additionally, Delta Electronics demonstrates strong Resilience and Momentum with scores of 4 in both categories, indicating the company’s ability to weather market uncertainties and maintain a positive growth trajectory.

Although Delta Electronics may not score as high in Value and Dividend with scores of 2 and 3 respectively, its overall outlook remains positive due to its solid performance in growth-oriented and resilient factors. As a manufacturer of power supplies and video display products, Delta Electronics is poised to capitalize on its diverse product portfolio and technological expertise to drive future success in the industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Taiwan High Speed Rail (2633) Earnings Report: 1Q Net Income Reaches NT$2.11B with No Sells, 2 Holds

By | Earnings Alerts
  • Taiwan Speed Rail reported a net income of NT$2.11 billion in the 1st quarter of 2024.
  • The company achieved an operating profit for the same period amounting to NT$5.89 billion.
  • The Earnings Per Share (EPS) stood at NT$0.37.
  • Revenue earned by Taiwan Speed Rail during this quarter was NT$13.38 billion.
  • The investment consensus for Taiwan Speed Rail at this point is neutral, with 0 buys, 2 holds, and 0 sells.

Taiwan High Speed Rail on Smartkarma

Analyst Mohshin Aziz from Smartkarma has published a research report on Taiwan High-Speed Rail (2633 TT), titled “Taiwan High-Speed Rail (2633 TT): Better than a Government Bond.” The report highlights Taiwan High-Speed Rail’s strong profits and cashflows driven by solid traffic growth, making it an appealing choice for low-risk investment, particularly for fixed-income investors. Mohshin Aziz views Taiwan High-Speed Rail as a government-backed perpetual bond disguised as equity, with a minimum profit guarantee, firm dividend mandate, and a commitment to distributing excess cash to shareholders. The current yield margin against the 10-year bond is the widest since its IPO, expected to further increase with robust profit growth, presenting an attractive opportunity for alternative fixed-income investors.


A look at Taiwan High Speed Rail Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
Resilience2
Momentum3
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Taiwan High Speed Rail seems to have a positive long-term outlook. The company scores well in growth, with a score of 4, indicating favorable prospects for expansion and development. Additionally, both the value and dividend scores are moderate at 3, suggesting a stable financial foundation and potential for shareholder returns. However, the company receives a lower score for resilience at 2, which may indicate some vulnerability to external market shocks. Overall, with a momentum score of 3, there seems to be ongoing market interest and activity surrounding Taiwan High Speed Rail.

Taiwan High Speed Rail Corporation, which operates the high-speed railway system in Taiwan spanning 345 KM from Taipei to Kaohsiung, appears to be positioned for growth and stability based on the Smartkarma Smart Scores. While the company demonstrates promising growth prospects and maintains a reasonable level of value and dividend scores, its resilience score suggests a need for attention to withstand potential challenges. With a moderate momentum score, Taiwan High Speed Rail is likely to attract continued attention from investors and stakeholders looking for opportunities in the transportation sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Alchip Technologies (3661) Reports Impressive Earnings: April Sales Reach NT$4.01B with a 53.9% Increase

By | Earnings Alerts
  • Alchip Technology has reported April sales of NT$4.01 billion.
  • The reported sales demonstrate a significant increase of 53.9%.
  • Currently, 17 investment analysts have rated Alchip Tech as ‘buy’.
  • Only one analyst has rated it as a ‘hold’, indicating that most analysts are bullish on the company.
  • No analyst has given a ‘sell’ rating for Alchip Tech, further reinforcing a positive outlook for the company.

Alchip Technologies on Smartkarma

Analysts on Smartkarma, like Brian Freitas and Clarence Chu, have been actively covering Alchip Technologies. According to Brian Freitas, Alchip is likely to replace Feng Tay in the Yuanta/P-Shares Taiwan Top 50 ETF in March, with significant interest and positioning in Alchip over Feng Tay. The stock has seen notable short covering and could benefit from passive trackers needing to buy Alchip shares and sell Feng Tay shares.

Clarence Chu highlighted Alchip’s ongoing momentum, especially with its GDR offering of US$415m for raw materials. The offering, though not large relative to the firm’s ADV, has been well-received with strong stock performance. Brian Freitas also mentioned the potential for Alchip to be included in global indices and reiterated the possibility of its inclusion in the Taiwan Top 50 ETF in December, amidst increasing shorts on both Alchip and Feng Tay.


A look at Alchip Technologies Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth5
Resilience5
Momentum3
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Alchip Technologies Ltd. has received a solid overall outlook based on the Smartkarma Smart Scores. With a high Growth score of 5 and a Resilience score of 5, the company seems poised for long-term success. This indicates that Alchip is well-positioned for future expansion and is capable of weathering market uncertainties. Additionally, its Value and Dividend scores of 2 suggest a moderate performance in these areas, while the Momentum score of 3 indicates a steady pace of development.

Alchip Technologies Ltd. is a company specializing in silicon design and manufacturing services, catering to various industries such as consumer electronics, optical networking, and medical imaging equipment. By providing innovative system on chip (SoC) design solutions that prioritize low power consumption, high performance, and cost-efficiency, Alchip has established itself as a key player in the global market. With strong Growth and Resilience scores, Alchip Technologies is likely to continue its upward trajectory in the long run.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Canara Bank (CBK) Earnings: 4Q Net Income Meets Estimates with 19% Rise YoY

By | Earnings Alerts

Canara Bank reported a net income of 37.6 billion rupees in 4Q, marking a year-on-year increase of 19% and meeting the estimated 37.45 billion rupees.

• Operational profit for the quarter stood at 73.9 billion rupees, an increase of 1.9% from the previous year.

• Gross non-performing assets slightly decreased to 4.23% as compared to 4.39% in the previous quarter, hovering around an estimated 4.22%.

• Interest income for the quarter was reported as 288.1 billion rupees, a significant increase of 20% year-on-year and surpassing the estimated 253 billion rupees.

• Interest expense was higher than expected at 192.3 billion rupees, up by 26% compared to the previous year, and going beyond the estimate of 166.15 billion rupees.

• Non-interest income stood at 52.20 billion rupees, significantly higher than the estimated 44.25 billion rupees.

• Other income also saw an increase of 9.2% year-on-year, reaching 52.2 billion rupees and surpassing the estimated 44.25 billion rupees.

Canara Bank announced a dividend per share of 16.10 rupees.

• Following the disclosure, Canara Bank shares rose by 3% to 594.05 rupees. The trading volume was 6.43 million shares.

• Investment recommendations following the release were 11 buys, 2 holds, and 3 sells.


Canara Bank on Smartkarma

Analysts on Smartkarma are bullish on Canara Bank, with Daniel Tabbush emphasizing the bank’s remarkable progress in reducing non-performing loans and significantly increasing net profit. Tabbush highlights the potential for continued profit expansion through lower credit costs and improved Return on Equity (ROE), which has surged from 11.7% to 17.3% over recent years. This positive sentiment is supported by Brian Freitas, who suggests that Canara Bank could soon replace Bandhan Bank in the NIFTY Bank Index due to its favorable valuation and potential for passive index trackers to shift towards Canara Bank.

With insights from top analysts like Tabbush and Freitas, investors can gain valuable perspectives on Canara Bank‘s growth potential and market positioning. Tabbush’s outlook on lower non-performing loans and rising profits, coupled with Freitas’s analysis of Canara Bank‘s possible inclusion in the NIFTY Bank Index, underscores the favorable sentiment surrounding the bank. As investors navigate the financial landscape, Smartkarma serves as a platform for accessing in-depth research and expert opinions to make informed investment decisions regarding companies like Canara Bank.


A look at Canara Bank Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth5
Resilience5
Momentum5
OVERALL SMART SCORE4.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Canara Bank Ltd., a prominent banking institution in India, is poised for a positive long-term outlook based on its impressive Smartkarma Smart Scores. With top marks in Dividend, Growth, Resilience, and Momentum, the bank showcases a robust performance across various key factors. The high Value score further underlines the company’s attractive valuation compared to its peers, indicating a solid investment proposition for potential investors.

Canara Bank Ltd. stands out as a versatile financial entity, offering a wide array of banking services across India. From retail and commercial banking to investment management and treasury services, the company caters to diverse customer needs. With strong scores across important metrics, Canara Bank appears well-positioned to sustain growth and profitability in the competitive banking landscape, making it a promising choice for long-term investors seeking stability and potential returns.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Toray Industries (3402) Reduces Earnings Forecast: Detailed Insight on Net Sales and Income Predictions

By | Earnings Alerts
  • Toray Industries has downgraded its net sales forecast to 2.46 trillion yen from an earlier projection of 2.47 trillion yen.
  • The company also revised its net income forecast to 21.90 billion yen, significantly lower than the previously estimated 58.00 billion yen.
  • The current updated projections are based on the company’s own recently disclosed figures.
  • The market’s response to the revised forecasts includes 9 buys, 3 holds and 2 sells.

A look at Toray Industries Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth4
Resilience2
Momentum3
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts at Smartkarma have provided an overview of Toray Industries, giving a positive long-term outlook for the company. Based on the Smart Scores, Toray Industries scores high in terms of value, dividend, and growth potential. With a strong focus on these factors, the company is positioned well for sustained growth and value creation over time.

However, Toray Industries scored lower in terms of resilience and momentum according to Smartkarma’s analysis. This could indicate some areas of concern that the company may need to address to ensure long-term success. Despite these lower scores, Toray Industries remains a key player in manufacturing yarns, synthetic fibers, and chemical products used in various industries, showing a diverse portfolio of products and services.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Bharat Forge (BHFC) Earnings Surpass Expectations: 4Q Net Income Rises By 59% Y/Y, Outperforming Estimates

By | Earnings Alerts
  • Bharat Forge has reported a net income of 3.9 billion rupees, which is a significant +59% growth year-on-year and surpasses the estimate of 3.81 billion rupees.
  • The revenue has made an impressive increase of +17% year-on-year to reach 23.3 billion rupees, again beating the estimated 23.12 billion rupees.
  • Total costs rose to 18.4 billion rupees, marking a +9.5% increase year-on-year.
  • Raw material costs were reported at 9.37 billion rupees, making a +12% growth year-on-year and falling below the estimated 9.9 billion rupees.
  • The expense on employee benefits is 1.5 billion rupees, indicating a +10% increment year-on-year and is just under the estimate of 1.53 billion rupees.
  • Finance cost has dipped slightly by -3.6% year-on-year to 633.8 million rupees, significantly under the estimate of 752.3 million rupees.
  • Other income has dropped by -2.3% year-on-year to 381.8 million rupees.
  • Regarding shareholder returns, a dividend per share of 6.50 rupees has been declared.
  • In somewhat negative news, the company reports a one-time loss of 133.4 million rupees in 4Q.
  • Analytic verdicts show a mixed sentiment with 19 ‘buys’, 2 ‘holds’, and 8 ‘sells’.

A look at Bharat Forge Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth5
Resilience2
Momentum3
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts using the Smartkarma Smart Scores system have painted a positive long-term outlook for Bharat Forge, a company that manufactures steel forgings and machined components for a variety of industries. With a high Growth score of 5 out of 5, Bharat Forge seems well-positioned for future expansion and development. The Dividend score of 4 indicates a strong track record in rewarding shareholders, suggesting stability and potential income for investors. However, the Value and Resilience scores of 2 each hint at some areas where the company may have room for improvement. With an overall Momentum score of 3, Bharat Forge appears to be making steady progress but may need to focus on sustaining and accelerating this momentum to drive further success.

In summary, Bharat Forge‘s strong focus on growth, coupled with a solid dividend track record, bodes well for its future prospects. Despite facing some challenges in terms of value and resilience, the company’s diverse range of offerings to industries like automotive, railway, and oilfield position it well for continued success in the long run. By maintaining its growth trajectory and enhancing its value proposition, Bharat Forge could solidify its position as a key player in the steel forgings and machined components market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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