In today’s briefing:
- Korea Small Cap Gem #45: Genic
- Ibiden: From Cyclical Supplier to Core AI Infrastructure Enabler
- Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (22 Sep)
- Generac Holdings’ Capacity Expansion Plan – Smart Move or Risky Bet on Future Demand?
- NAB (NAB AU) Dislocation Vs. Peers Highlights Mean-Reversion Setup
- FedEx Battles $1B Trade Headwinds With Smart Strategy!
- Intel Lands $5 Billion Boost From NVIDIA: The AI Deal Shaking Wall Street!
- BUY D.R. Horton – The Fed’s First Cut Unlocks a New Cycle for Homebuilders
- Monthly Container Shipping Tracker | Sept 1 Rate Increase Failed, Rates Still Down | September 2025
- Southern Copper: 6 Major Game-Changers Impacting Its 2025 Performance & Beyond!
Korea Small Cap Gem #45: Genic
- Genic is a turnaround story. Genic is one of the largest ODM companies that make beauty face masks in Korea.
- Genic is one of the biggest suppliers of hydrogel based face masks of the Biodance brand which has been experiencing an excellent demand in global markets, including the United States.
- Despite surging growth in sales and profits, valuation multiples remain reasonable. It is trading at EV/EBITDA of 12.7x and P/E of 14.2x, based on recent prices and LTM financials.
Ibiden: From Cyclical Supplier to Core AI Infrastructure Enabler
- Ibiden is transitioning from a cyclical electronics supplier to a core AI infrastructure enabler, with Nvidia-linked package substrates at the heart of its growth strategy.
- Management expects AI substrate demand to nearly double in FY25 and is targeting a 150% production increase by 2027, underpinned by the Ono plant ramp from next month.
- Despite ~18–19% EPS/EBITDA CAGR through FY27 and margins comparable to high-premium peers, Ibiden still trades at mid-tier multiples (21× forward P/E, ~6× EV/EBITDA), leaving scope for re-rating.
Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (22 Sep)
- Context: This Insight follows up on previously highlighted relative value opportunities, using a statistical methodology based on mean-reversion to identify opportunities in paired securities.
- Highlights: Currently eight pair trade opportunities across four markets and four sectors persist.
- Why read: Statistical analysis offers a unique perspective on relative value. Gain insights into actionable statistical pair trade opportunities and monitor performance of previously highlighted pairs.
Generac Holdings’ Capacity Expansion Plan – Smart Move or Risky Bet on Future Demand?
- Generac Holdings, Inc., in its second quarter of 2025 earnings call, reported net sales of $1.06 billion, marking a 6% increase compared to the prior year.
- The growth was driven by a rise in commercial and industrial (C&I) product sales and residential energy storage system shipments.
- Residential product sales increased by 7% due to notable growth in residential energy technology solutions and portable generators.
NAB (NAB AU) Dislocation Vs. Peers Highlights Mean-Reversion Setup
- Context: The National Australia Bank (NAB AU) vs. VanEck Australian Banks ETF (MVB AU) price-ratio has deviated more than two standard deviations from its one-year average.
- Highlights: The dislocation highlights the recent outperformance of NAB vs. some of its peers, pointing to a potential underweight in a portfolio context.
- 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.
FedEx Battles $1B Trade Headwinds With Smart Strategy!
- FedEx Corporation recently announced its first-quarter results for fiscal 2026, presenting a mixed bag of positives and challenges.
- On the revenue side, the company showed a 3% year-over-year increase, primarily driven by strength in the U.S. domestic package services.
- Despite this growth in revenue, FedEx faces continuing headwinds from global trade uncertainties and the expiration of a significant contract with the U.S. Postal Service, which together posed a notable financial impact.
Intel Lands $5 Billion Boost From NVIDIA: The AI Deal Shaking Wall Street!
- Intel is suddenly at the center of a high-stakes drama.
- Just this month, the Trump administration reversed its public criticism of CEO Lip Bu Tan—who had been accused of being “conflicted” due to his past China ties—and moved into “constructive discussions” about a possible government equity stake in the company .
- That shift followed a White House meeting that apparently reset the tone, with Trump calling Tan’s journey “amazing” after once demanding his resignation .
BUY D.R. Horton – The Fed’s First Cut Unlocks a New Cycle for Homebuilders
- The latest Fed’s rate cut will directly impact the US residential market. With 2 more rate cuts expected in 2025, it will unlock a new cycle for homebuilders
- D.R. Horton is the strongest and most resilient player among the US homebuilders. We think it is well positioned to capture the tailwind from the interest rate cut cycle
- D.R. Horton also demonstrates strong capital management, increasing its dividend and established a share repurchase program over the years
Monthly Container Shipping Tracker | Sept 1 Rate Increase Failed, Rates Still Down | September 2025
- Concerted rate increase on Sept 1 failed, deep sea rates are still falling
- Carrier revenues in July-August down ~40% Y/Y, W Coast volumes weak
- We retain our -ive view on container shipping, seek opportunities to Short
Southern Copper: 6 Major Game-Changers Impacting Its 2025 Performance & Beyond!
- Expansive Exploration Ventures in Northern Chile Southern Copper is currently engrossed in a meticulous ground study of its Especularita copper-gold project, located within the metallic-rich coastal belt of northern Chile.
- Spread across 19,076 hectares, the Especularita project encompasses both exploration and mining ventures, either granted or in the process of being so.
- The firm further boasts rights to potentially secure full ownership of the project.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
