In today’s briefing:
- Asia File Update : 1st Quarter Results
- Shanghai Zhida Technology Development Pre-IPO – Market Leader Faces Pricing Pressures
- SharkNinja Unleashes 25 Game-Changing Products: Can They Impact Its 2025 Growth Story?
- 25 Most Net Sold Stocks by Retail in May Averaged 9% Total Returns
- Rockwell Automation: Growth in Key Verticals & Other Factors Driving Our Optimism!
- BQE: Monster Q1 Beat on Technical Services Outperformance
- Lucror Analytics – Morning Views Asia
Asia File Update : 1st Quarter Results
- Operating Business did well with filing revenues marginally declining and food ware business growing
- One off write off investment in associate and intangible asset
- Maintain the view that Risk Reward are asymmetrical as the company trades below cash
Shanghai Zhida Technology Development Pre-IPO – Market Leader Faces Pricing Pressures
- Shanghai Zhida Technology Development (SZTD) is looking to raise about US$128m in its upcoming Hong Kong IPO.
- SZTD presents a compelling leadership position in the EV home charging market, both in China and globally, underpinned by strong industry tailwinds and a diversified product-service offering.
- However, recent declines in revenue and margins driven by pricing pressures and high customer concentration raise concerns about the sustainability of its growth and profitability.
SharkNinja Unleashes 25 Game-Changing Products: Can They Impact Its 2025 Growth Story?
- SharkNinja’s first quarter results for 2025 reflect a period of both significant achievements and challenges, painting a nuanced picture for potential investors.
- The company demonstrated resilience in sales growth and strategic adaptability amidst an uncertain macroeconomic backdrop.
- Let’s explore both the positive and negative aspects of the financial results and strategic directions highlighted in the call.
25 Most Net Sold Stocks by Retail in May Averaged 9% Total Returns
- The 25 Singapore stocks most net sold by retail in May averaged 8.5% total returns, outperforming the STI’s 2.9%.
- Retail investors net sold S$280 million in Singapore stocks in May, while institutions net bought S$306,522.
- Singapore Airlines was the most net sold stock by retail, gaining 7% in May, with a record S$2.8 billion net profit.
Rockwell Automation: Growth in Key Verticals & Other Factors Driving Our Optimism!
- Rockwell Automation’s recent quarterly results provided a mixed yet insightful view into the company’s current performance and future outlook.
- The company exhibited resilience in a challenging economic environment characterized by policy uncertainty and tariff implementation.
- Rockwell’s initiatives to diversify its supply chain locations and secure alternative sourcing have positioned it to navigate these complexities more adeptly.
BQE: Monster Q1 Beat on Technical Services Outperformance
- What you need to know: • BQE reported Q1 financial results that largely smashed our estimates across the board due to rapid growth in its technical services segment.
- • Q1 proportional revenue came in at $7.9M (+133% YoY), beating our estimate of $3.9M.
- Adjusted EBITDA was $1.9M (24% margin) compared to our estimate of breakeven (0% margin).
Lucror Analytics – Morning Views Asia
- US treasuries climbed yesterday, on the back of a strong auction of 7Y notes and amid a soft GDP data release.
- The yield on the 2Y UST fell 5 bps to 3.94%, while that on the 10Y UST declined 6 bps to 4.42%.
- Equities climbed on the back of solid results from Nvidia Corp, albeit the extent of gains was pared later in the day on slowing economic data and legal uncertainties over tariffs.
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