In today’s briefing:
- Chow Tai Fook (1929 HK): Strong Rally, Weak Jewellery Demand. Growth Risks.
- Underweight/Short Alibaba (9988 HK): Quant Model Flags Mean Reversion After 40% Post-Earnings Surge
- Ciena Corporation: Expansion of Interconnect Pluggable Business As a Key To Doubling Revenue From This Segment In Consecutive Years!
- Jack Ma-Backed Yunfeng Dives Into Crypto With $44 Million Ether Purchase
- Rubrik’s DSPM Integration – Could This Be the Future of Cyber Resilience?
- Samsara Inc.: Larger Enterprise Deals
- Sprinklr Inside: How Hardened CCaaS Infrastructure Sets the Stage for Big Growth!
- DocuSign Inc.: Strategic Growth in IAM and International Markets Is Pushing Them Forward! – Major Drivers
- GitLab Doubles Down on AI with OpenAI & Anthropic Partnerships — Here’s Why It Matters!
- Has Chewy FINALLY Cracked the Code for High-Margin Growth – What Happened In The Latest Results?
Chow Tai Fook (1929 HK): Strong Rally, Weak Jewellery Demand. Growth Risks.
- China gold jewelry demand slumped in 2Q2025, while investment demand for coins and bars remained resilient amidst rise in gold prices, according to data released by China Gold Association.
- If gold rally continues, Chow Tai Fook Jewellery (1929 HK) faces heightened demand growth risk due to reliance on the competitive, price-sensitive, consumption-driven jewellery segment.
- Chow Tai Fook’s 140% YTD rally reflects optimism on branding-driven earnings growth, but stretched valuations overlook downside risks to growth if gold prices keep rising.
Underweight/Short Alibaba (9988 HK): Quant Model Flags Mean Reversion After 40% Post-Earnings Surge
- Context: The Alibaba (9988 HK) / Hang Seng Index (HSI INDEX) price-ratio deviated more than two standard deviations from its one-year average, presenting a potential relative value opportunity.
- Highlights: Going long the Hang Seng Index and short Alibaba (9988 HK) targets a 12% return.
- Why Read: Essential for quantitative traders seeking mean-reversion opportunities, with detailed execution framework, risk management protocols, and historical simulation showing the statistical basis for this relative value play.
Ciena Corporation: Expansion of Interconnect Pluggable Business As a Key To Doubling Revenue From This Segment In Consecutive Years!
- Ciena Corporation delivered strong results in its fiscal third quarter of 2025, showcasing significant top-line growth and improved profitability metrics.
- The company reported revenues of $1.22 billion, outpacing the high end of its guidance and representing a 30% increase year-over-year.
- The gains were driven by broad-based demand, particularly from cloud providers and service providers, with reported strong orders setting a new quarterly record for Ciena.
Jack Ma-Backed Yunfeng Dives Into Crypto With $44 Million Ether Purchase
- A financial group backed by Alibaba Group founder Jack Ma has made a major foray into digital assets, investing $44 million to acquire 10,000 units of Ether, the native token of the Ethereum blockchain.
- Yunfeng Financial Group Ltd., a Hong Kong-listed company in which Ma holds an 11.15% stake, disclosed the acquisition in a regulatory filing Tuesday. The company said it purchased the Ether on the open market using internal cash and would classify the asset as a long-term investment on its financial books.
- The purchase marks a growing trend of publicly traded companies adding cryptocurrencies to their balance sheets, a strategy known on Wall Street as digital asset treasury, or DAT.
Rubrik’s DSPM Integration – Could This Be the Future of Cyber Resilience?
- Rubrik’s recent quarterly performance showcased a notable blend of robust growth and strategic initiatives, presenting both opportunities and challenges for investors.
- Key positives highlighted in the earnings call include impressive top-line growth and strong financial metrics.
- The company reported a 36% year-over-year increase in subscription Annual Recurring Revenue (ARR), reaching over $1.25 billion.
Samsara Inc.: Larger Enterprise Deals
- Samsara Inc. has demonstrated considerable growth in the second quarter of fiscal 2026, with key financial metrics reflecting the company’s strong market position and strategic direction.
- The company reported an Annual Recurring Revenue (ARR) of $1.6 billion, representing a 30% year-over-year increase.
- Notably, customers contributing over $100,000 in ARR accounted for nearly $1 billion, growing by 35% from the previous year.
Sprinklr Inside: How Hardened CCaaS Infrastructure Sets the Stage for Big Growth!
- Sprinklr, a company specializing in customer experience management software, reported $212 million in total revenue for the second quarter of fiscal year 2026, marking an 8% year-over-year growth.
- Subscription revenue accounted for $188.5 million, reflecting a 6% increase.
- The company achieved a record $38.2 million in nonGAAP operating income, resulting in an 18% operating margin, indicating improved cost management.
DocuSign Inc.: Strategic Growth in IAM and International Markets Is Pushing Them Forward! – Major Drivers
- Docusign continues to demonstrate resilience and innovation as evidenced in its Q2 Fiscal 2026 performance.
- Revenue reached $801 million, marking a 9% year-over-year growth, with billings up by 13% year-over-year to $818 million.
- The company’s strategic focus on platform innovation, particularly through its AI-native Docusign Intelligent Agreement Management (IAM) platform, has contributed positively to this growth.
GitLab Doubles Down on AI with OpenAI & Anthropic Partnerships — Here’s Why It Matters!
- GitLab’s second quarter of fiscal year 2026 results highlight both achievements and challenges for the company.
- The company experienced a significant revenue growth of 29% year-over-year, reaching $236 million, demonstrating strong demand for its AI-native DevSecOps platform.
- Additionally, GitLab reported an impressive non-GAAP operating margin of 17%, reflecting effective cost management and operational efficiency.
Has Chewy FINALLY Cracked the Code for High-Margin Growth – What Happened In The Latest Results?
- Chewy’s latest financial performance in the second quarter of fiscal year 2025 showcased solid growth, with net sales increasing by approximately 9% year-over-year to $3.1 billion, surpassing the upper end of the company’s guidance range.
- This growth is particularly noteworthy in a market environment characterized by low to midsingle-digit industry growth, highlighting Chewy’s ability to capture market share.
- The company’s Autoship program, especially in consumables and health categories, played a significant role, generating $2.58 billion in customer sales and constituting 83% of total sales for the quarter.
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