In today’s briefing:
- Quiddity Leaderboard CSI 300/500 Dec25: US$5bn+ One Way Flows; Emphasis Should Be on NET Flows
- Samyang Comtech IPO Preview
- Beijer Ref: Initiation of Coverage- Strategic Acquisitions & Green Tech Disruption Drive Explosive Growth Potential!
- Sweco AB – Will Operational Cuts & Efficiency Moves Drive a Turnaround?
- Moog Inc.: Advancements in Space & Defense to Solidify Its Position Within The Defense Industry!
- BES: Progressing with Enercare Agreement
- ManpowerGroup: Restructuring Initiatives in Northern Europe to Support Financial Recovery & Future Growth Plans!
Quiddity Leaderboard CSI 300/500 Dec25: US$5bn+ One Way Flows; Emphasis Should Be on NET Flows
- CSI 300 represents the 300 largest stocks by market cap and liquidity from the Shanghai and Shenzhen Exchanges. CSI 500 is the next 500 names.
- In this insight, we take a look at the potential ADDs and DELs leading the race for the semiannual index rebal event in December 2025.
- Currently, we see 9 ADDs/DELs for the CSI 300 index and 41 ADDs/DELs for the CSI 500 index.
Samyang Comtech IPO Preview
- Samyang Comtec (a mid-sized defense company) is getting ready to complete its IPO in KOSDAQ in July. It is one of the leaders in the bulletproof and protective materials sector.
- The IPO price range is from 6,600 won to 7,700 won per share. The IPO offering amount range is from 95.7 billion won to 111.7 billion won.
- The company has experienced a surging growth in exports in the past several years. Exports which accounted for only 6.3% of total sales in 2022, increased to 41% in 2024.
Beijer Ref: Initiation of Coverage- Strategic Acquisitions & Green Tech Disruption Drive Explosive Growth Potential!
- Beijer Ref AB (Beijer Ref) recently announced its financial performance for the first quarter of 2025, providing a mixed set of results amid varying global economic conditions.
- The company reported a robust total sales growth of 16%, driven by both organic expansion and strategic acquisitions.
- Organic growth stood at 4%, suggesting steady underlying business momentum, while acquisition-driven expansion played a significant role in overall sales achievement.
Sweco AB – Will Operational Cuts & Efficiency Moves Drive a Turnaround?
- Sweco AB, a prominent architecture and engineering consultancy in Europe, reported a strong start to the fiscal year with its Q1 results.
- The company achieved a growth in net sales exceeding SEK 8 billion, marking a 4% organic growth increase.
- EBITDA rose by 10%, and the EBITDA margin improved to 11.2%, reflecting enhanced operational efficiency through higher average fees, improved billing ratios, and effective cost control measures.
Moog Inc.: Advancements in Space & Defense to Solidify Its Position Within The Defense Industry!
- Moog Inc.’s financial performance in the second quarter of fiscal year 2025 demonstrated robust sales and strategic adaptability amid potential uncertainties from evolving tariffs.
- Overall, the company reported record-level sales of $935 million, which slightly surpassed last year’s second quarter figures.
- The company exhibited strength in its Defense, Military Aircraft, and Commercial Aircraft segments, although Industrial sector sales declined, primarily influenced by the company’s simplification initiatives.
BES: Progressing with Enercare Agreement
- What you need to know: • BES has announced several positive updates over the last few months including an agreement with Enercare to distribute and install its home backup power system.
- • Braille is progressing through Enercare’s onboarding process and expects sales over the coming quarters.
- • EarlyAlert is in the final stages of its product development and will begin sales in the coming months.
ManpowerGroup: Restructuring Initiatives in Northern Europe to Support Financial Recovery & Future Growth Plans!
- ManpowerGroup’s recent earnings revealed a mixed performance for the first quarter of 2025, highlighting both favorable and challenging aspects of its business environment.
- The company’s global operations spanning Europe, Latin America, the Asia Pacific, and North America faced varying levels of demand due to economic and geopolitical dynamics, particularly influenced by trade policy announcements in the U.S. which have resulted in heightened uncertainty and cautious client behavior.
- Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.
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