In today’s briefing:
- Korea Small Cap Gem #30: Kiswire
- Weekly Deals Digest (11 Aug) – GA Pack, Trend Micro, Descente, Fancl, Fuji Soft, C.I. TAKIRON
- ConocoPhillips (COP): Will The Marathon Oil Acquisition Be A Game Changer? – Major Drivers
- Alamos Gold Inc.: Expansion of Magino
- Air Products and Chemicals Inc.: How Are They Progressing In The Hydrogen Economy? – Major Drivers
- Oat Agrio (4979 JP): 1H FY12/24 flash update
- Shell Plc: These Are The 4 Biggest Challenges In Its Path For Growth! – Major Drivers
Korea Small Cap Gem #30: Kiswire
- Kiswire Ltd (002240 KS) is the number one player for steel wire and rope products in Korea. More than 85% of its sales are generated overseas.
- The company has a consistent record of generating positive net profit. It is trading at low valuations (P/B of 0.3x and EV/EBITDA of 4.5x).
- Its average net profit from 2021 to 2023 are much higher than previous three years from 2018 to 2020, which is a testament of increasing demand for its products globally.
Weekly Deals Digest (11 Aug) – GA Pack, Trend Micro, Descente, Fancl, Fuji Soft, C.I. TAKIRON
- A weekly summary of key developments across ECM and Event-Driven names tracked by us across Hong Kong, Australia, New Zealand, Singapore, Japan, Indonesia, Malaysia, Thailand, Korea, India and Chinese ADRs.
- ECM developments: BrainBees Solutions (0172540D IN) and WeRide (WRD US) IPOs.
- Event-Driven developments: Greatview Aseptic Packaging (468 HK), C.I. TAKIRON Corporation (4215 JP), Descente Ltd (8114 JP), Fancl Corp (4921 JP), Fuji Soft Inc (9749 JP), Trend Micro Inc (4704 JP).
ConocoPhillips (COP): Will The Marathon Oil Acquisition Be A Game Changer? – Major Drivers
- The second quarter earnings report for ConocoPhillips presented a mixed scenario, affirming the company’s continued operational strength along with areas that may trigger concern for prospective investors.
- On a positive note, ConocoPhillips announced a 34% increase in its ordinary dividend, signaling confidence in sustainable financial health and a strong commitment to returning value to shareholders.
- Furthermore, the acquisition of Marathon Oil was a highlight, poised to enhance ConocoPhillips’ operational scale and resource base, which could lead to improved efficiencies and broader market reach.
Alamos Gold Inc.: Expansion of Magino
- Alamos Gold Inc. delivered strong financial and operational performance in the second quarter of 2024, marked by numerous records including production, revenue, and cash flow.
- The company, bolstered by its recent acquisition of Argonaut which included the Magino and Island Gold Mines, now forecasts a significant production increase, projecting an annual rate of approximately 600,000 ounces of gold, potentially expanding to 700,000 ounces by 2026.
- 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.
Air Products and Chemicals Inc.: How Are They Progressing In The Hydrogen Economy? – Major Drivers
- Air Products’ Third Quarter 2024 Earnings Results presented a mix of strong financial performances juxtaposed with challenges in certain geographical segments.
- The company reported third-quarter adjusted earnings per share of $3.20, surpassing the upper range of their guidance.
- This marked a 7% improvement over the previous year, primarily attributed to robust performances in the Americas and Europe, alongside effective price and productivity initiatives.
Oat Agrio (4979 JP): 1H FY12/24 flash update
- Revenue in 1H FY12/24 decreased 4.2% YoY to JPY15.7bn, driven by weak performance in the agrichemicals field.
- Operating profit in 1H FY12/24 decreased 38.5% YoY to JPY2.0bn, impacted by lower revenue and increased expenses.
- Recurring profit and net income attributable to owners of the parent fell over 30% YoY but exceeded forecasts.
Shell Plc: These Are The 4 Biggest Challenges In Its Path For Growth! – Major Drivers
- Shell’s second-quarter 2024 results reflect significant progress towards the company’s strategic goals laid out during the Capital Markets Day, underscoring a commitment to enhancing shareholder value while transitioning towards more sustainable energy practices.
- Despite challenging market conditions, Shell has effectively managed to progress in its operations and financial performance.
- Financially, Shell reported robust results for the quarter, with adjusted earnings of $6.3 billion and impressive cash flow generation, amounting to $13.5 billion from operations.
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