Daily Brief Consumer: Seven & I Holdings, Bloks Group, Dongwon Industries, Guming Holdings, Fast Retailing, Greaves Electric Mobility Ltd (GEML), Toll Brothers, Aspen Aerogels, LXJ International Holdings, Crizac and more

• Recent news on the Seven & I Holdings (3382 JP) situation includes better-than-expected possible sale of the SST business, a little headline fear-mongering on national security, and earnings.
• Earnings this year will be volatile vs expectations. Timing (and magnitude) of kitchen-sinking matters. But neither ACT nor you should be buying it based on trough earnings expectations.
• The call transcript is worth listening to. The math on the takeover maths well. This is a buy on dip. Again. 

• Bloks (325 HK)  is expected to be assigned an index nationality of Hong Kong instead of China due to its incorporation in the Cayman Islands.
• The security is expected to be added at the September 2025 review following the 6-month IPO lock-up expiry which increases the fcap above the APAC threshold.
• The security is ineligible for the other global index until January 2026 because of the free float being below the minimum threshold of 15%.

• KOSPI 200 is a Korean blue-chip index that tracks the 200 largest and most-liquid names listed in the KOSPI section of the Korea Exchange (KRX).
• In this insight, we take a look at the names leading the race to become ADDs and DELs during the upcoming semiannual review in June 2025.
• We expect six ADDs and six DELs for the KOSPI 200 index during this index rebal event based on the latest available data.

• Guming Holdings (GUM HK) is looking to raise US$300m in its upcoming Hong Kong IPO.
• Guming Holdings (Guming) sells freshly-made beverages in China. Guming focuses on the mid-priced freshly-made tea beverage market with product prices typically ranging between RMB10-18.
• In our earlier notes, we had looked at the firm’s past performance. In this note, we discuss its refiling updates.

• Fast Retailing reported significant gains in revenue and profitability for the first quarter of FY2025.
• Strong performances in North America & Europe (+31% YoY), and Asia (+17%), offset challenges in Greater China (-1%)
• Overall revenue and operating profit figures came in marginally stronger than our estimates

• Greaves Electric Mobility Ltd (GEML) (1295040D IN) is looking to raise about US$120m in its upcoming India IPO. The bookrunners for the deal are Motilal Oswal, IIFL, JM fin.
• GEML is a manufacturer of electric vehicles in India, specializing in electric two-wheelers and three-wheelers.
• The company is recognized as one of the pioneers in India’s electric vehicle (EV) market, playing a significant role in driving EV adoption in the country, as per CRISIL Report.

• Toll Brothers, a prominent luxury homebuilder, delivered a robust performance in the fourth quarter of fiscal 2024, demonstrating resilience and adaptability amidst external challenges.
• The company’s financial results were highlighted by a significant increase in home deliveries and sales revenues.
• It delivered 3,431 homes, marking a year-over-year increase of 25% in unit delivery and a 10% rise in revenue, totaling $3.3 billion.

• Aspen Aerogels, Inc. is a leading company in high-performance aerogel technology, specializing in thermal management solutions for industries like electric vehicles, energy infrastructure, and sustainable building insulation.
• Their PyroThin® insulation product is popular in the EV sector due to its ability to enhance battery safety and performance.
• Founded in 2001 and headquartered in Massachusetts, Aspen has seen significant revenue growth and market expansion, with a market cap of $1.6 billion in Q3 2024, positioning them for further growth in the energy-efficient sectors they serve.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• LXJ International Holdings (LXJ HK) (knowns as Lao Xiang Ji or Home Original Chicken) is getting ready to complete its IPO in Hong Kong in 1H 2025. 
• Founded in 1982 by Shu Congxuan, LXJ International specializes in traditional Chinese style chicken dishes. The company is one of the major local players in China’s fast food industry.
• LXJ’s solid growth in sales and profits in the past several years despite weak Chinese economy is a strong reflection of the company’s loyal customers in China. 

• Crizac (CRIZAC IN) is looking to raise US$120m in its upcoming India IPO.
• Crizac is an education platform offering international student recruitment solutions to global institutions of higher education in the United Kingdom, Canada, Republic of Ireland, Australia and New Zealand (ANZ).
• In this note, we talk about the company’s historical performance.