In today’s briefing:
- Quiddity Leaderboard T50/100 Jun25: Base Date Ranks; Final Expectations
- Datadog’s AI Playbook: Will Data Observability Be the Key to Dominating the Future?
- AMD’s Epic Earnings & Shocking Setback: What Is The Impact Of The MASSIVE China-Related Revenue Loss?
- Fidelity National Information Services (FIS): Is The Sales Pipeline & Recurring Revenue Growth Here To Stay?
- Super Micro Computer’s (SMCI) AI Server Shock: NVIDIA Transition Woes & Profit Wipeout Rock Wall Street!
- Electronic Arts’ Secret Weapon: Can Live Services Really Power Explosive Growth Ahead?
- Dowoo Insys IPO Valuation Analysis
- Shenzhen Dobot: Early Lock-Up Expiry, ~21% of the Outstanding Shares Will Be Available for Trading
- Lenovo – Earnings Flash – FY 2024-25 Results – Lucror Analytics
- MIXI Inc. (2121 JP) – Investing in Scale to Unlock Sustainable Returns
Quiddity Leaderboard T50/100 Jun25: Base Date Ranks; Final Expectations
- The T50 index represents the top 50 largest stocks by market capitalization in the Taiwan Stock Exchange (TWSE). The T100 index represents the next 100 largest names (51-150 ranks).
- Today is the base date for the June 2025 index rebal event and the expected ADDs/DELs discussed in this insight are our final index change expectations.
- We expect one change for T50 and two changes for T100 index for the June 2025 rebalance.
Datadog’s AI Playbook: Will Data Observability Be the Key to Dominating the Future?
- Regarding Datadog’s Q1 2025 financial results, the company reported a solid performance with a revenue of $762 million, representing a 25% year-over-year increase.
- This figure surpassed the high end of their guidance.
- Datadog revealed a customer base of approximately 30,500, with about 3,770 customers having an Annual Recurring Revenue (ARR) of $100,000 or more, accounting for 88% of ARR.
AMD’s Epic Earnings & Shocking Setback: What Is The Impact Of The MASSIVE China-Related Revenue Loss?
- Advanced Micro Devices (AMD) delivered a robust start to 2025, reporting stronger-than-expected earnings that reinforced the company’s growth trajectory in high-demand areas like AI and data centers.
- The semiconductor firm posted first-quarter adjusted earnings per share of $0.96, slightly above Wall Street’s estimate of $0.94, with total revenue hitting $7.4 billion, surpassing the projected $7.1 billion.
- This performance was fueled by the impressive 57% year-over-year growth in AMD’s Data Center segment, which reached $3.7 billion.
Fidelity National Information Services (FIS): Is The Sales Pipeline & Recurring Revenue Growth Here To Stay?
- The first quarter of 2025 results for Fidelity National Information Services, Inc. (FIS) demonstrated both operational progress and strategic initiatives that position the company robustly for future growth.
- The revenue growth for the quarter was 4%, with a significant acceleration in recurring revenues, indicative of a resilient business model that thrives across different economic conditions.
- The quarter was marked by strategic structural changes, notably the announced acquisition of Global Payments’ issuer business and the sale of a minority stake in Worldpay.
Super Micro Computer’s (SMCI) AI Server Shock: NVIDIA Transition Woes & Profit Wipeout Rock Wall Street!
- Super Micro Computer shares experienced their steepest decline in months after the company released preliminary third-quarter fiscal 2025 results that came in well below Wall Street expectations.
- SMCI stock fell 14% to $30.96, marking its largest one-day drop since late February.
- The artificial intelligence server maker reported revenue between $4.5 billion and $4.6 billion and adjusted earnings per share of $0.29 to $0.31, significantly below analysts’ forecasts of $5.4 billion in revenue and $0.53 EPS.
Electronic Arts’ Secret Weapon: Can Live Services Really Power Explosive Growth Ahead?
- Electronic Arts Inc. recently reported strong financial performance in the last quarter of its fiscal year 2025, showcasing strengths and addressing some challenges faced throughout the year.
- The company recorded notable achievements with its popular gaming franchises, highlighting its robust position in the gaming industry.
- One of the significant positives for Electronic Arts was the turnaround in its EA SPORTS FC franchise.
Dowoo Insys IPO Valuation Analysis
- Our base case valuation of Dowoo Insys is target price of 40,667 won per share, which is 27% higher than the high end of the IPO price range (32,000 won).
- We used an EV/EBITDA multiple of 14.9x to value the company, which is 10% premium to the comps’ valuation multiples in 2024.
- The decline in operating margin remains one of the biggest risk factors on the company. Its major customers such as Samsung Display are putting increasing pressure to reduce its prices.
Shenzhen Dobot: Early Lock-Up Expiry, ~21% of the Outstanding Shares Will Be Available for Trading
- Shenzhen Dobot, a leading manufacturer of collaborative robots in China, has completed its IPO and raised ~HK$680M of the net proceeds in 2024. The IPO was priced at HK$18.80/share.
- Shenzhen Dobot shares have massively outperformed year-to-date (+158%) and finished the trading session at HK$62.55 on Monday, up ~233% vs. IPO offer price.
- The stock peaked at HK$83.80 in March and fell ~25% over the next two months. The company’s six-month IPO lockup will expire on June 22, 2025.
Lenovo – Earnings Flash – FY 2024-25 Results – Lucror Analytics
- Lenovo’s Q4/24-25 performance was weak in our view, while the full-year results were acceptable.
- The company recorded solid revenue growth and higher profitability across segments.
- The PC segment has benefited from: [1] the upcoming cessation of Windows 10 support and interest in on-device AI; [2] a rush to ship PCs early in Q1/25 to avoid potential new US tariffs.
MIXI Inc. (2121 JP) – Investing in Scale to Unlock Sustainable Returns
- Q1-4 FY3/25 results were in line with guidance, with progress made YoY to transform both Sports and Lifestyle segments into material earnings pillars.
- Company guidance for FY3/26 appears conservative.
- The core theme is a significant investment in growing the TIPSTAR (domestic keirin, or cycle team sports) betting service, achieving high user retention, and strong sales growth YoY.
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