In today’s briefing:
- EB Event Trade Setup: HD KSOE Lining up a New Deal with HD Hyundai Heavy as the Underlying
- Seibu Holdings (TSE: 9024) – Asset-Rich Platform With Significant Upside from Monetization
- AAON Secures $200M in Liquid Cooling Orders—Is This the Future of AI Data Centers?
- MasTec Inc. Cashes In on Renewable Energy Wave with Strategic Alliances & Record Backlog!
- How Avis Budget Group Turns Rising Vehicle Prices into Opportunity with Flexible Cost Strategies!
- Chart Industries Eyes a $1 Billion LNG Windfall—Is This the Biggest Energy Play of the Year?
- Clarivate Plc: Will The Management Focus On A Subscription-First Model Deliver Solid Growth?
- CEA Industries – Undervalued Opportunity in the High-Growth Vape Sector
- Hexcel Corporation: How Is The Management Dealing With Tariffs & The Challenges Around Aerospace Production Rate Variability?
- Casella Waste Systems: An Acquisitive Growth Strategy
EB Event Trade Setup: HD KSOE Lining up a New Deal with HD Hyundai Heavy as the Underlying
- HD KSOE plans a second EB similar to earlier this year: a zero-coupon, 2% HD Hyundai Heavy stake with 13–15% premium, aiming to raise around ₩850 billion.
- With Korea’s Commercial Act revision expected by July 4, EB deals risk director liability; HD KSOE aims to raise cash now before stricter rules limit easy board-approved EB issuance.
- Targeting a short in HD Hyundai Heavy triggered by HD KSOE’s board approval before July 4; consider hedging with a long position in HD KSOE due to ongoing sector catalysts.
Seibu Holdings (TSE: 9024) – Asset-Rich Platform With Significant Upside from Monetization
- Seibu’s FY25 results were buoyed by a ¥350 bn real estate securitization, driving operating profit to ¥263 bn and showcasing the deep value embedded in its property portfolio.
- Management plans to monetize ~¥1.35 trillion of urban assets over the next 3–5 years, shift to a capital-light hotel model, and revitalize transport margins via fare revisions.
- Even at the current price of ¥4,868, Seibu trades at a ~45% discount to its fully adjusted SoTP value (~¥8,873/share)—implying substantial re-rating potential if monetization proceeds as planned.
AAON Secures $200M in Liquid Cooling Orders—Is This the Future of AI Data Centers?
- AAON Inc.’s first quarter of 2025 results highlight a mix of positive growth and operational challenges, painting a complex picture for potential investors.
- The company’s core strategic pillars focus on innovation, sustainable growth, and operational excellence, positioning it for long-term advancement.
- This focus is evident in its commitment to developing new products, like heat pumps and data center cooling solutions, which align with its innovative goals.
MasTec Inc. Cashes In on Renewable Energy Wave with Strategic Alliances & Record Backlog!
- MasTec, a diversified infrastructure construction company, reported robust financial performance in the first quarter of 2025, exceeding guidance in key metrics such as revenue, EBITDA, and EPS.
- The company’s revenue stood at $2.85 billion, with adjusted EBITDA of $164 million, marking significant overperformance.
- The strong results came amid macroeconomic volatility, highlighting MasTec’s structural demand strength across its diversified business segments.
How Avis Budget Group Turns Rising Vehicle Prices into Opportunity with Flexible Cost Strategies!
- Avis Budget Group presented a mixed set of results for the first quarter of 2025, revealing substantial challenges alongside strategic advancements.
- The company reported a decline in total revenue to $2.4 billion, compared with $2.5 billion in the same period of the previous year.
- This decline was attributed to calendar shifts and a 2% decrease in pricing, set against softer commercial demand and relatively strong leisure demand.
Chart Industries Eyes a $1 Billion LNG Windfall—Is This the Biggest Energy Play of the Year?
- Chart Industries reported its first quarter results for 2025, showcasing both strengths and areas for potential improvement.
- The company posted a 17.3% increase in orders compared to the previous year, amounting to $1.32 billion, with significant contribution from the Woodside Louisiana LNG project.
- Liquefied Natural Gas (LNG) remains a crucial component, accounting for roughly a quarter of the company’s backlog.
Clarivate Plc: Will The Management Focus On A Subscription-First Model Deliver Solid Growth?
- Clarivate’s first quarter of 2025 showed a mix of strategic advancements and financial performance amid an evolving business landscape.
- The company is navigating a significant transformation, focusing on optimizing revenue, enhancing sales execution, and accelerating product innovation.
- This shift is highlighted by their transition to a more subscription-centric model as part of their Value Creation Plan.
CEA Industries – Undervalued Opportunity in the High-Growth Vape Sector
- CEA has recently acquired Fat Panda, a leading Canadian vape retailer, supported by a vertically integrated manufacturing and e-commerce presence.
- Fat Panda has posted consistent growth over the last five years, growing revenue at a 38% CAGR and Adj. EBITDA at a 71% CAGR.
- CEA paid $12.6M for the acquisition, equating to 2.1x Adj. EBITDA.
Hexcel Corporation: How Is The Management Dealing With Tariffs & The Challenges Around Aerospace Production Rate Variability?
- Hexcel Corporation’s first-quarter 2025 financial results present a nuanced picture of the company’s performance and strategic direction.
- With sales amounting to $457 million and an adjusted diluted EPS of $0.37, Hexcel has encountered both challenges and opportunities.
- The company is experiencing the repercussions of ongoing supply chain issues and demand fluctuations, particularly in the commercial aerospace sector.
Casella Waste Systems: An Acquisitive Growth Strategy
- Casella Waste Systems Inc. recently held its first-quarter 2025 earnings discussion, reporting commendable progress with revenues, adjusted EBITDA, and adjusted free cash flow all increasing over 20% year-over-year, marking records for the first quarter.
- The company’s strategic focus on expanding fleet automation, enhancing internal volume processing, and improving employee retention is yielding favorable outcomes.
- Casella Waste continues to effectively integrate acquisitions from the past two years, highlighting robust merger and acquisition activity, including four acquisitions in the current year, collectively contributing approximately $50 million in annualized revenues.
💡 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
