In today’s briefing:
- Daemyung Sono Group: Close to Acquiring the Controlling Stake in T’Way Air
- Kilburn Engineering Limited Q3 FY25 Update: Strategic Acquisitions and Strong Growth
- India Rural Incomes | The Tide Has Yet to Turn
- Snap-on Incorporated: How This Premium Tool Maker Is Adapting to Industry Shifts!
- AGCO Corporation: Are The Operating Margin Improvements Expected To Last In The Long Term?
- ITT Inc.: An Insight Into Its Recent Organic Growth and Margin Expansion Story & Major Growth Drivers
- Patel Engineering Limited Q3 FY25: Infrastructure Focus and Growth Trajectory
- Integrated Design & Engineering Holdings (9161 JP): 1H FY06/25 flash update
- Marco Polo Marine CEO increases stake; ESR REIT buys back 5 million units
- GMXT* MM – Actinver Research – Transport Sector: Playing the Nearshoring Names (Sector Update)
Daemyung Sono Group: Close to Acquiring the Controlling Stake in T’Way Air
- After the market close on 17 February, it was announced that the Daemyung Sono Group is close to acquiring the controlling stake in T’Way Air (091810 KS) from Yelimdang.
- As the negotiations between the two sides have come to a near agreement, Daemyung Sono is expected to be able to appoint nine directors at the next upcoming AGM.
- Typically in cases like this in Korea, the near term impact would be decline in share prices of T’Way Air and T’Way Holdings due to lack of an M&A play.
Kilburn Engineering Limited Q3 FY25 Update: Strategic Acquisitions and Strong Growth
- Kilburn Engineering’s Q3 FY25 revenue rose 25.1% YoY to ₹911 million with EBITDA up 30.1%, driven by strategic acquisitions and a robust order backlog exceeding ₹3,600 million.
- Robust financials, an expanding order book, and targeted acquisitions enhance growth prospects and operational efficiency, solidifying Kilburn Engineering’s market position.
- Investors gain confidence as Kilburn Engineering’s disciplined execution and diversified strategy signal sustainable long-term revenue and margin expansion.
India Rural Incomes | The Tide Has Yet to Turn
- In this Insight, we discuss agricultural income trends and challenges focusing on income growth and farming dynamics.
- Declining cultivable land and rising input costs are affecting farmer incomes and crop yields.
- Tractor OEMs remain optimistic about growth despite challenges, driven by positive macroeconomic factors and increased financing access.
Snap-on Incorporated: How This Premium Tool Maker Is Adapting to Industry Shifts!
- Snap-on Incorporated has reported its fourth quarter and full-year 2024 results, showcasing both strengths and challenges.
- The quarter ended with a slight increase in sales to $1,198.7 million, marking a modest organic growth of 0.2%.
- Despite a relatively flat revenue performance, profitability was robust, with gross margins improving by 140 basis points to 49.7% and operational company (opco) margins reaching 22.1%, an all-time high for the fourth quarter.
AGCO Corporation: Are The Operating Margin Improvements Expected To Last In The Long Term?
- AGCO Corporation recently reported its financial performance for the fourth quarter and full year 2024, illustrating a period of strategic transformation amidst challenging market conditions.
- In the fourth quarter, AGCO achieved a 9.9% adjusted operating margin with sales decreasing by 24% year-over-year.
- For the full year, the company realized an 8.9% adjusted operating margin with a 19% decline in sales compared to 2023.
ITT Inc.: An Insight Into Its Recent Organic Growth and Margin Expansion Story & Major Growth Drivers
- ITT Inc. recently reported its financial results for the fourth quarter and the full year of 2024, exhibiting a strong performance across several key metrics.
- A pivotal year for the company, ITT achieved significant growth despite some challenges, such as the divestiture of its Wolverine business and increased interest expenses due to recent acquisitions of Svanehøj and kSARIA.
- 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.
Patel Engineering Limited Q3 FY25: Infrastructure Focus and Growth Trajectory
- PEL reported a 13.6% YoY revenue increase in Q3 FY25, with a robust order book of Rs. 16,396 crores and significant progress in hydropower, irrigation, and tunneling projects.
- Patel Engineering aims for approximately 10% growth this year, For FY26: 10-12% and For FY27, the company anticipates growth exceeding 15%.
- Also planning to realize 200Crs of Non-core assets and adding capex of 100-200Crs.
Integrated Design & Engineering Holdings (9161 JP): 1H FY06/25 flash update
- Revenue increased 6.2% YoY, driven by strong Consulting and Urban & Spatial Development segments, despite a 50.9% YoY decline in operating profit due to valuation losses from an investee company’s IPO.
- Consulting segment saw a 27.7% YoY increase in orders and a 6.1% YoY revenue rise, with operating profit up 79.1% YoY.
- Energy segment experienced a 48.5% YoY rise in orders and a 70.9% YoY increase in operating profit, despite a 2.1% YoY revenue decline.
Marco Polo Marine CEO increases stake; ESR REIT buys back 5 million units
- Institutions were net buyers of Singapore stocks, with a net inflow of S$63 million from Feb 7 to Feb 13.
- Singapore Telecommunications saw a net institutional inflow of S$112 million, linked to a S$643 million green loan.
- Marco Polo Marine’s CEO increased his stake to 4.80% after acquiring 500,000 shares at S$0.054 each.
GMXT* MM – Actinver Research – Transport Sector: Playing the Nearshoring Names (Sector Update)
- Amid a potential move from President Trump to increase manufacturing in the U.S., there could be a slowdown in investment in Mexico, and thus the nearshoring tailwind could be reduced.
- Nonetheless, we continue to see it as a driver of further investment unless the trend fades away.
- As a result, Mexico’s Logistics Sector is well-positioned to take advantage of foreign investment inflows.
💡 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
