In today’s briefing:
- CATL A/H Listing – Thoughts on A/H Premium
- Sumi Mitsui Construction (1821) | Playing Both Sides
- Copa Airlines’ Bold Expansion Plan: 13 New Jets, Massive Profits, & Unstoppable Growth!
- Schneider National Is Sitting on a Goldmine of Idle Capacity— An Insight Into Its Pricing Dynamics And Market Conditions Where It Might Just Be Able To Capitalize!
- Leonardo DRS Reveals Game-Changing Tech & Jaw-Dropping Profit Surge But Is This Here To Stay?
- Chart Industries: Here are the 6 Major Game-Changers Impacting Its 2025 Performance & Beyond!
- Casella Waste Systems Taps Hidden Gold in Landfill Internalization—Will It Work?
- KULR Technology Group Inc.
- SPX Corporation: Expanding HVAC and Data Center Markets To Catalyze Growth!
- Federal Signal’s Genius Operational Overhaul Is Quietly Boosting Margins & Market Share!
CATL A/H Listing – Thoughts on A/H Premium
- Contemporary Amperex Technology (CATL) (300750 CH), one of the world’s largest battery solutions providers, aims to raise at least US$5bn in its H-share listing.
- CATL is the global leader in new energy vehicle battery solutions, in China and globally, as per SNE Research. Its A-shares have been listed since 2018.
- We have looked at the company’s past performance in our earlier notes. In this note, we talk about its recent updates and provide our thoughts on valuations.
Sumi Mitsui Construction (1821) | Playing Both Sides
- Murakami-Led funds have quietly amassed a 26.97% stake in Sumi Mitsui Construction while also acquiring a 5.01% stake in its subsidiary, Sumiken.
- With the Tokyo Stock Exchange clamping down on parent-child listings, Sumiken’s future as a public company looks increasingly uncertain, raising buyout speculation.
- City Index’s small stake in Sumiken may serve as a defensive move to block rival bids, reinforcing its influence over SMC’s long-term strategy.
Copa Airlines’ Bold Expansion Plan: 13 New Jets, Massive Profits, & Unstoppable Growth!
- Copa Holdings delivered a mixed yet robust performance in the fourth quarter and full year of 2024, illustrating its resilience and operational efficiency in a fluctuating market.
- Positively, the company reported an operating margin of 21.9% for the year, which reflects consistent execution of its business model focused on cost efficiency and operational excellence.
- An increase in capacity by 8.6% year-over-year was aligned with previous guidance.
Schneider National Is Sitting on a Goldmine of Idle Capacity— An Insight Into Its Pricing Dynamics And Market Conditions Where It Might Just Be Able To Capitalize!
- Schneider National Inc. recently reported its fourth-quarter and full-year 2024 earnings, providing a comprehensive overview of its current performance and strategic direction.
- The results highlight various positive developments as well as some areas of concern, offering a nuanced picture of the company’s financial health and future potential.
- Positives from the results include a strategic acquisition and a targeted focus on market opportunities.
Leonardo DRS Reveals Game-Changing Tech & Jaw-Dropping Profit Surge But Is This Here To Stay?
- Leonardo DRS recently announced its fourth-quarter and fiscal year 2024 results showcasing substantial achievements and strategic initiatives, while also highlighting certain challenges to consider for investors.
- The company reported record bookings with a 1.3x book-to-bill ratio, both for the fourth quarter and for the entire year, while achieving mid-teens organic revenue growth and a 14% revenue increase year-over-year.
- Further supporting their performance, Leonardo DRS demonstrated a solid growth in adjusted EBITDA by 23% year-over year, with a notable 90 basis points margin expansion.
Chart Industries: Here are the 6 Major Game-Changers Impacting Its 2025 Performance & Beyond!
- Chart Industries, Inc.’s fourth-quarter and full-year 2024 performance illustrates a year of significant achievements and notable challenges, projecting a complex investment landscape.
- The company reported robust financial results with a record high in several key metrics, highlighting its strategic operational execution and market responsiveness.
- Positively, Chart Industries demonstrated strong financial performance in 2024.
Casella Waste Systems Taps Hidden Gold in Landfill Internalization—Will It Work?
- Casella Waste Systems, Inc. has reported robust financial results for the fourth quarter and full year 2024.
- The company demonstrated significant growth across various key metrics, closing the year on a positive note.
- Throughout 2024, Casella Waste Systems executed on strategic acquisitions, expanded its revenue base, and fortified its operational efficiencies.
KULR Technology Group Inc.
- KULR Technology Group, Inc. develops and commercializes high-performance thermal management technologies for electronics, batteries, and other components across a range of applications.
- Currently, it is focused on high performance aerospace and Department of Defense applications, such as space exploration, satellite communications, and underwater vehicles, and applying them to mass market commercial applications, such as lithium-ion battery energy storage, electric vehicles, 5G, cloud computer infrastructure, consumer and industrial devices.
- It is also applying its zero-vibration technology to fans in commercial markets which has already resulted in licensing agreements.
SPX Corporation: Expanding HVAC and Data Center Markets To Catalyze Growth!
- The earnings report from SPX Technologies showed a mix of positive and cautionary elements, indicating a firm trajectory in several areas along with challenges that may affect future performance.
- On the positive side, SPX Technologies demonstrated a strong finish to 2024, marked by a significant increase in adjusted EBITDA by 36% and adjusted EPS reaching the higher end of the guidance range.
- The company also achieved robust operational performance, highlighted by a 13.7% revenue growth with contributions from both its HVAC and Detection & Measurement segments.
Federal Signal’s Genius Operational Overhaul Is Quietly Boosting Margins & Market Share!
- Federal Signal Corporation reported strong financial results for the fourth quarter and full year of 2024.
- The company achieved record-high net sales of approximately $1.86 billion for the year, an 8% increase over the previous year.
- Operating income grew by 25% to $281.4 million, and adjusted EBITDA rose by 23% to $350.6 million, translating to a margin of 18.8%.
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