In today’s briefing:
- AUCTUS ON FRIDAY – 13/06/2025
- [Blue Lotus Daily-TMT Update]:PDD US/700 HK/1439927D CH/1024 HK/BABA US/JD US/NTES US/Gaming Sector
- [Blue Lotus Daily]:XPEV US/NIO US/New Energy Vehicle/Marco News
- European Software: Q1 2025 Takeaways – Gradual Improvement
AUCTUS ON FRIDAY – 13/06/2025
- Arrow Energy (AXL LN/CN)C; Target price of £0.70 per share: Share buyback programme – Arrow has announced a share buyback programme for up to £2.7 mm worth of shares, representing 5% of the company’s public float.
- This highlights the strength of the business and the cashflow.
- Pharos Energy (PHAR LN)C; Target price of £0.45 per share: Licence extension in Vietnam – The exploration period on Blocks 125 & 126 has been extended by two years to November 2027.
[Blue Lotus Daily-TMT Update]:PDD US/700 HK/1439927D CH/1024 HK/BABA US/JD US/NTES US/Gaming Sector
- PDD US: TEMU Surpasses Allegro in User Numbers in Poland in May (+)
- 700 HK: Reports Claim Tencent is Attempting to Acquire South Korean Game Developer Nexon for $15 Billion (+)
- 1439927D CH/1024 HK/BABA US/JD US: Douyin Commerce Announces Full “Zero Deposit” Entry for New Merchants (+/-/-/-)
[Blue Lotus Daily]:XPEV US/NIO US/New Energy Vehicle/Marco News
- XPEV US:G7 Pre-sale Opens, Priced on the Higher Side (-)
- NIO US: NIO US Tightens Service Policy Standards (+ )
- New Energy Vehicle:Major Automakers Commit to Shortening Payment Terms to 60 Days(+)
European Software: Q1 2025 Takeaways – Gradual Improvement
- Software companies see a slow improvement in revenue growth, with Europe narrowing the performance gap. However, growth remains below post-lockdown levels, and a return to high double-digit rates is unlikely.
- The best-performing vendors are those focused on defence, large-scale data handling, AI infrastructure, cybersecurity, financial services digitisation, and modern accounting platforms. US firms still lead in absolute growth numbers.
- While the number of software M&A deals above USD 200m has declined, total deal value is on track for a record year in 2025, driven primarily by strategic acquirers.
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