In today’s briefing:
- Pop Mart (9992 HK): On IP Choice, But Not Blind Boxes, Waiting for Lower Price
- Kimly: Stable Consumer Business, with Negative Working Capital and 6.1% Yield
- Dongfeng Motor(489HK)-Abandoned Restructuring,Cash > MCap : Can It Be A Dark Horse In Coming Future?
- TripAdvisor: Enhancing User Experience Through Smart Tech & Personalization But Is It Enough?
- How WD-40 Company Is Winning in Emerging Markets with Hybrid Models & Smart Straw Innovation!
Pop Mart (9992 HK): On IP Choice, But Not Blind Boxes, Waiting for Lower Price
- We believe Pop Mart’s advantage is its ability of choosing available IPs.
- We expect Pop Mart’s revenue will grow by 69% in 2025.
- However, the stock is overvalued by cross-sectional comparison and fairly valued by time-series comparison.
Kimly: Stable Consumer Business, with Negative Working Capital and 6.1% Yield
- Kimly is a traditional coffee shop, food court and industrial canteen operator in Singapore
- The business is stable ( revenue & ROE) & the company enjoys high occupancy rate
- Profitability is facing challenge due to rising operational costs and increasing competition
Dongfeng Motor(489HK)-Abandoned Restructuring,Cash > MCap : Can It Be A Dark Horse In Coming Future?
- Abandoned Restructuring: Recently Dongfeng Motor (489 HK) confirmed that there is no restructuring activity involving its controlling shareholder.This raises hope that it is looking to turnaround its operations by itself.
- New Energy Vehicle (NEV) transformation gaining momentum: NEV sales grew 34.4% YTD May 2025; Dongfeng leads with proprietary EV platforms, smart tech integration, and Huawei-backed high-end launches.
- Trades at just 0.32x P/B, Cash at USD 14bn is much higher than market cap of USD 4bn. significantly undervalued versus peers, despite strong cash reserves,rising exports, and NEV scaling.
TripAdvisor: Enhancing User Experience Through Smart Tech & Personalization But Is It Enough?
- TripAdvisor, a prominent player in the online travel space, recently held a conference call to discuss its first quarter 2025 financial results.
- The company showcased both triumphs and challenges in navigating the evolving landscape of travel and experiences.
- On the positive side, TripAdvisor reported consolidated revenue of $398 million, marking a 1% increase or approximately 3% growth in constant currency.
How WD-40 Company Is Winning in Emerging Markets with Hybrid Models & Smart Straw Innovation!
- WD-40 Company reported its second-quarter results for fiscal year 2025, highlighting a mix of positive growth in sales and ongoing challenges related to foreign currency exchange rates and other macroeconomic factors.
- The company recorded net sales of $146.1 million, marking a 5% increase from the previous year.
- Adjusting for currency translations, this translates to a 9% increase.
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