Daily Brief Equity Bottom-Up: Episode 107: NVIDIA Earnings and Peak Nvidia? (Sentiment Wise) and more

• Nvidia’s stock has underperformed this year due to intense scrutiny and high expectations
• Despite strong fundamentals, it is difficult for Nvidia to surprise investors and move the stock price
• Potential for upside lies in Blackwell demand and upcoming announcements, but meaningful surprises may be limited due to the company’s high level of scrutiny and public knowledge

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

• PC Partner (1263 HK) reported FY24 results which showed a strong finish to the year
• Relisting on SGX on track to complete by 3Q25. If this completes it should allow the company to finally access NVDA’s AI chips.
• Better availability of RTX5090 and RTX5080 in 2Q25 and potential AI chips could turbocharge 2H25 results.

For our next Corporate Webinar, we are glad to welcome MoneyHero Group’s CEO and Director, Mr Rohith Murthy.

In the upcoming webinar, Rohith will share a short company presentation after which, he will engage in a fireside chat with Smartkarma Insight Provider, Alec Tseung. The Corporate Webinar will include a live Q&A session.

The Corporate Webinar will be hosted on Monday, 17 March 2025, 11:00 SGT. 

About MoneyHero Group

MoneyHero Group connects people to a better financial future. The mission at MoneyHero Group is to make all of life’s financial decisions a time saving and rewarding experience. MoneyHero Group educates consumers about personal finance, helps them decide which products are best suited for their needs, and facilitates getting the product. They connect financial institutions with their target customers and help them achieve their customer acquisition objectives.

• Crystal International ‘s business operations started to turn around in 2024 as most brand customers ended the destocking cycle and adjusted their inventory strategy.
• Crystal International is trading at attractive valuations of EV/EBITDA of 3.5x and P/E of 8.1x, based on 2025 consensus earnings estimates. Estimated dividend yield is at 6.5% in 2025. 
• The company is one of the largest OEM apparel manufacturers in the world. It has a proven record of executing its business strategy successfully for more than five decades.

• Discussion with Darren Kwok from Barminko and Andrew Dawson from Sandvik about load and haul equipment in the mining industry
• Explanation of different types of load and haul equipment, including full battery, hybrid, and diesel electric
• Exploration of reasons why certain technologies, like diesel electric, have not been widely adopted in underground mining operations

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

• Far East Consortium sold a UK hotel to AMTD IDEA Group for $57M, expanding the latter’s presence in the hospitality industry.
• Qingjian and CCCC made a joint bid of $234M for a Singapore site, highlighting the competitive nature of real estate acquisitions in the region.
• C&W reports that the APAC data center market will require a substantial $116B in funding to support its growing pipeline of projects.

• TSMC’s expansion in US poses a challenge to Trump’s labor strategy, according to DIGITIMES analyst.
• Tesla leads in AI technology for electric vehicles and robots, pushing the boundaries of innovation.
• European telecoms shift focus to AI as 5G deployment faces delays, while Indian mobile market shows growth potential in 2025.

• On February 14, 2025, Geechs Inc. (hereafter, “the Company”) announced its Q3(9M) FY2025/3 earnings results.
• Net sales rose 5.2% YoY to JPY 18,705 mn, EBITDA rose 67% YoY to JPY 440 mn, and operating profit rose 503% YoY to JPY 348 mn.
• This reflected steady growth in the core IT freelance matching business (Japan), reduced losses in the IT freelance matching business (Overseas), improved profitability in the Seed Tech business, and an end to losses from G2 Studios (formerly the Game business) following its sale at the end of FY2024/3. 

• On March 5 Chinese freight platform Full Truck Alliance posted another great set of results
• Strong Q424 top-line growth was matched by firm OpEx control, leading to higher margins
• We’ve upped our FY25 earnings numbers; we rate YMM a BUY with a US$17/ADS target

• Three new Hong Kong SDRs, Xiaomi, Meituan, and Ping An Insurance, are now tradable on SGX, expanding thematic exposures.
• HK SDRs offer cost-effective access to Hong Kong stocks with lower brokerage fees, no forex fees, and SGD settlements.
• Since October 2024, HK SDRs’ daily turnover increased eightfold to S$4 million, with significant trading in Tencent, BYD, and Alibaba.