Daily Brief Equity Bottom-Up: AKR Corporindo (AKRA IJ) – Smelters and Gas Stations Bring Opportunity and more

• AKR Corporindo (AKRA IJ) hosted an analyst call to outline prospects for 2025, which revealed a more positive outlook for fuel distribution driven by growth in demand from mining. 
• The chemical distribution will also benefit from demand from new smelters as well as new chemicals, whilst land sales at JIIPE are set to increase significantly in 2025. 
• The retail gas station business is picking up momentum and should benefit from the government reducing fuel subsidies. Valuations are attractive with support from a 7% dividend yield.

• BAC shows strong growth of its core income in the period YoY, almost accounting for 100% of its full net profit delta YoY
• The bank is showing greater strength in corporate lending YoY and QoQ, and this can be more powerful of a statement for economic health
• NCO figures are coming down in corporate lending, while residential mortgages is seeing strong new originations – both are a good view on US economy

• Shell’s Q4 2024 revenue and EPS are expected to decline 21.9% YoY and 35.1%, respectively. For fiscal 2024, forecasts project a 4.8% revenue drop and a 7.4% EPS decline.
• Shell anticipates a USD 1.3 billion Q4 charge for emissions certificates and biofuel programs, alongside non-cash post-tax impairments ranging from USD 1.5 billion to USD 3 billion.
• Shell forecasts flat refining margins at USD 5.5/bbl but a 16% QoQ drop in chemical margins to USD 138/tonne.

• LPX is recommended to buy at $104 with a 5-year price target of $255
• The company has developed value-added Oriented Strand Board products and converted mills to produce higher-margin siding
• LPX is expected to deliver mid/high-teens total shareholder return and has opportunities for reinvestment at high returns, focused on wood-based products for construction.

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.

• Pacific Current Group expected to receive a large tender offer at a premium of 20%+ in the next 2-4 months
• Trading at a 20% discount to estimated fair value NAV of A$13.47 per share with minimal NAV volatility risk
• Successful monetization of ownership stakes in boutique asset managers improving financial profile, poised for growth and value creation

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.

• Trump 2.0 AI policies spark debate and criticism with a focus on nationalism and economic protectionism, dividing opinions.
• China launches new low-altitude economy department to drive future growth, while Apple establishes Shanghai subsidiary to enhance AI integration in the country.
• Nvidia CEO confirms growing CoWoS-L production capacity, but Apple faces crisis in China with 25% drop in iPhone shipments despite market dominance. Vietnam semiconductor push hindered by power supply challenges, prompting Asian countries to counter Trump 2.0’s aggressive policies swiftly.

• Trigon announced that its two underground pumps failed at its Kombat Mine, halting operations.
• All personnel and mining equipment have been removed from the underground mine.
• The Company stated that despite the issues, Horizon still plans to proceed with its commitment to purchase TM’s interest in Kombat.

• Takachiho Koheki (hereafter, the Company) is a trading company highly specialized in electronics technology that has identified the underlying needs of its customers to introduce the world’s cutting-edge electronics products to Japan ahead of competitors.
• With engineering employees accounting for over 40% of its workforce, the Company is a highly specialized technical organization with a total of about 25,000 customer accounts, and its solid customer base is one of its assets.

• In H1 FY2025/3, the Company surpassed initial estimates, reporting consolidated net sales of JPY13,314 mn (+4.6% YoY), operating profit of JPY936 mn (+31.2% YoY), ordinary profit of JPY811 mn (-23.2% YoY), and profit attributable to owners of parent (hereinafter, net profit) of JPY594 mn (-17.2% YoY).

• In light of recent performance trends, DWTI has revised its initial earnings forecasts announced on February 9, 2024.
• In addition, the Company is recording an extraordinary loss in its non-consolidated financial results for the fiscal year ending December 2024.
• Net sales are expected to increase due to strong royalty income from ophthalmic surgical aid “DW-1002” in Europe, the United States, etc.

• For the first time in decades, Ahold Delhaize’s main Dutch rival Jumbo saw its FY24 sales falling short of the prior year’s level.
• Besides, its market share decreased for the third consecutive year. According to Jumbo, both are mainly the result of price cuts and the ban on tobacco sales, which has been in force since July.
• Royal Jumbo Food Group’s FY24 sales came in at EUR 10.72bn, down by about 2.7% when compared to a year earlier.