In today’s briefing:
- Quiddity CSI 1000 Jun25 Results: 200 Changes; US$2Bn+ One-Way
- Aegis Vopak IPO: Anemic Demand
- Deere & Company Doubles Down on Autonomy—Will See & Spray Transform Modern Agriculture?
- Elbit Systems: Iron Beam Laser System Advancements
Quiddity CSI 1000 Jun25 Results: 200 Changes; US$2Bn+ One-Way
- The June 2025 index review results for China’s CSI 1000 index were announced after market close on Friday 30th May 2025.
- There will be 100 ADDs/DELs for CSI 1000 in the June 2025 rebalance.
- The CSI 1000 index rebal event could trigger US$2.2bn in one-way flow.
Aegis Vopak IPO: Anemic Demand
- Aegis Vopak Terminals Ltd (1902844D IN) raised about US$328m in its upcoming India IPO.
- It is the largest Indian third-party owner and operator (in terms of storage capacity) of tank storage terminals for liquified petroleum gas (LPG) and liquid products.
- In our previous notes, we talked about the company’s historical performance, undertook a peer comparison and shared our thoughts on valuation. In this note, we talk about the trading dynamics.
Deere & Company Doubles Down on Autonomy—Will See & Spray Transform Modern Agriculture?
- Deere & Company’s latest earnings report highlights both accomplishments and challenges in a complex market environment marked by global uncertainties and macroeconomic pressures.
- The company’s second quarter performance exceeded expectations, with a commendable 18.8% margin for equipment operations amidst significant headwinds, including heightened tariff impacts and global trade volatility.
- 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.
Elbit Systems: Iron Beam Laser System Advancements
- Elbit Systems’ financial results for the first quarter of 2025 displayed strong growth and stable operational performance, continuing a trend from the past few quarters.
- The company reported revenues of $1.896 billion, marking a significant increase from $1.554 billion for the same quarter in 2024.
- This growth reflects a substantial demand across key markets, with Europe, North America, Asia Pacific, and Israel contributing 24%, 21%, 18%, and 32% of revenues, respectively.
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