Daily Brief Equity Bottom-Up: PC Monitor: Dell Doubles Multi-Year Forecasts; AI PC Up-Cycle and more

• Dell doubles long-term growth outlook to 7–9% revenue and 15%+ EPS CAGR through FY30, led by AI infrastructure.
• AI PCs emerge as Dell’s next growth engine; global refresh cycle could finally kickstart long-awaited PC upturn.
• Taiwan makers Asus, Acer, Quanta, and Wistron positioned to benefit as AI PC and server demand scales together.

• In this insight, we provide the top 10 stock picks and key catalysts in the Korean stock market for the next two weeks (10 to 24 October 2025).
• Top 10 picks in this bi-weekly include Samsung Electronics, Samsung Life Insurance, LG CNS, SK Hynix, KT&G, Naver, Samsung C&T, LG Uplus, Hyundai Elevator, and SK Inc. 
• The semiconductor sector was a big winner in the past two weeks. Some of the best performing stocks in this period include SK Hynix, Samsung Electronics, and Hanmi Semiconductor. 

• TSMC and UMC 3Q revenues are slightly above Guidance / Consensus. In US$, TSMC revenues growing at 40% YoY. Legacy Fab UMC growing at 4%. 
• This will continue, even if AI / HPC growth is slowing into 2026, the gap will remain wide between AI / HPC (say 35% growth) and Legacy (5%). 
• Ongoing concerns of AI investment bubble reflect “a lack of imagination” (Lisa Su). Stick with the category winners Nvidia – SK Hynix – TSMC , followed by AMD – Micron.

• Context: The ABC Mart (2670 JP) vs. Fast Retailing (9983 JP) price-ratio has deviated more than three standard deviations from its one-year average, presenting a potential relative value opportunity.
• Highlights: Going long ABC Mart (2670 JP) and short Fast Retailing (9983 JP) targets an 11% return. Both companies reported very recently.
• 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.

• Electronic payments and consumption surged post the GST rate cut, with Delhivery reporting a record 104 million shipments in September 2025.
• The Ecom Express integration and festive demand have positioned Delhivery for volume leadership and margin expansion.
• With strong execution and improving capital efficiency, Delhivery is set to consolidate its dominance in India’s third-party logistics market.

• Tadashi Yanai has finally achieved one of his many long-term ambitions: surpassing ¥1 trillion in sales in the home market. 
• This, after exceeding ¥3 trillion globally for the first time but his goal of ¥10 trillion remains outstanding.  Whether a mostly single-brand company can achieve such volume is debatable.
• Yanai is rebuilding GU in the hopes of creating a second brand – while at last admitting failure with his old French acquisitions.

• FY02/26 forecast revised upward: revenue JPY225.0bn (+9.8% YoY), operating profit JPY8.2bn (+12.2% YoY), net income JPY4.8bn (+26.2% YoY).
• 1H sales rose 11.3% YoY, driven by product initiatives, new stores, and price revisions; profit margin improved.
• Overseas sales declined 1.7% YoY due to exchange rates; segment profit fell 4.8% YoY from higher labor costs.

• We are reiterating our Buy rating, $22.50 price target and projections for Betterware de Mexico after reviewing the October catalog.
• With October another month of material YoY SKU declines and a focus on higher overall pricing, we believe it is increasingly obvious that Betterware management is focusing the overall business on driving higher returns.
• Further, even against materially tougher comparisons, the overall level of discounting has continued to tick down, which speaks to limited need to clear goods.

Key points (machine generated)

• ATRenew’s market capitalization has dropped 79% since its IPO in mid-2021 due to factors like the pandemic and economic slowdown.
• The company’s shift to direct retailing of refurbished devices has led to skepticism about profitability and minimal analyst coverage.
• Despite challenges, ATRenew shows potential for growth with an expected CAGR of 23.4% over the next four years.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Key points (machine generated)

• Builders FirstSource is the largest U.S. supplier of structural building materials and services, with 2024 net sales of $16.4 billion.
• Revenue is primarily generated from new single-family construction (71%), with diverse product offerings including lumber, windows, and manufactured products.
• Analysts consider BLDR undervalued due to expected housing starts and operational efficiencies, with chairman Paul Levy recently investing $55 million in the company.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.