Daily Brief Equity Bottom-Up: Jeffrey Emanuel: Viral Author of The Short Case for Nvidia Stock – cohosted by Pondering Durian and more

• Market value of stocks close to 2 trillion, including Nvidia at 600 billion
• Author missed opportunity to short Nvidia despite strong case outlined in article
• Concerns about competition, margins, and custom chips impacting Nvidia’s growth potential

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• Stifel is a leading middle market investment bank with a large equity research franchise
• Stifel has won the J.D. Power Award for Employee Advisor satisfaction two years in a row
• The Odd Lots podcast discusses topics like MicroStrategy’s perpetual motion machine and leveraged bitcoin investments

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• Didi Global Inc. is a prominent mobility technology platform offering ride hailing, taxi hailing, and ride sharing services
• The company dominates the market in China and Latin America, especially in Brazil and Mexico
• Didi also has other initiatives including E-bike sharing, energy and vehicle services, intra-city freight, autonomous driving, and financial services.

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.

• After 2 very poor quarters (revenue decline YoY), 2Q25 revenue increase 93% YoY, net income 137%. The painfully high volatility will not go away. 
• But Lasertec maintains its FY25 guidance which means that the blowout 2Q25 does not indicate higher growth
• The expectation bubble should have completely deflated (SiC for EV, Intel, Samsung). The stock is trading at 18x, at the bottom of its trading range and valuations. Attractive.

• We reviewed Lever Style’s (1346 HK)  positive profit alert and project a final dividend of 7-7.5 cents, an increase from 3 cents per share in H1 FY24.
• The overall dividend of 10-10.5 cents indicates a yield over 9%, with positive remarks on new customer additions and increased penetration within the existing customer base.
• Our top sector picks include JNBY Design Ltd (3306 HK) and Pacific Textiles (1382 HK), with a favorable mention of Nameson Holdings (1982 HK)  due to its attractive dividend yield.

• Pulmuone has benefited from improved sales and profitability of its US subsidiary, driven by higher demand for Korean foods and plant based/non-meat based foods such as tofu.
• The company has nearly 70% market share in the tofu segment in the US. It has gained meaningful economies of scale of its tofu product in the United States. 
• Pulmuone currently has a market cap of 390 billion won. Using the consensus net profit estimate of 37.6 billion won, this would suggest a P/E of 10.3x.

• India aims to create its own foundational model by 2025, showing its commitment to technological development and innovation.
• DeepSeek’s founder’s journey from stock prodigy to AI disruptor highlights the potential for growth and success in the tech industry.
• Cadence’s focus on expanding in India’s data center industry shows the increasing importance of this sector in the global economy.

• Celestica’s fourth-quarter 2024 financial performance illustrates a complex landscape with both impressive achievements and areas of strategic caution.
• The company reported strong revenue growth, reaching $2.55 billion, aligning with the high end of its guidance.
• Adjusted earnings per share (EPS) surpassed expectations, recording $1.11, reflecting the company’s robust operational capabilities.

• Sumitomo Pharma (4506 JP) reported 25% YoY revenue growth during 9MFY25, driven by North America.
• Restructuring and streamlining efforts help curb expenses and post a core operating profit of ¥21B during 9MFY25 compared to an operating loss of ¥96B in same period last year.
• Sumitomo is now expecting FY25 revenue to be ¥381B, up by ¥43B from the previous forecast and a core net profit of ¥16B.

• Daiichi Sankyo (4568 JP) reported mixed Q3FY25 result, with revenue increasing 8% YoY to ¥484.8M and net profit decreasing 7% YoY to ¥61.9M. Enhertu revenue increased 39% YoY to ¥143B.
• The company has raised FY25 net profit guidance by 7% to ¥240B (up 20% YoY), to reflect an increase in financial income due to an improvement in foreign exchange gains.
• As Daiichi Sankyo enters the final year of its current five-year business plan, the company has appointed Hiroyuki Okuzawa as Chief Executive Officer effective April 1, 2025.