In today’s briefing:
- Grab Holdings (GRAB US) – Harvest Time
- (Mostly) Asia-Pac M&A: Makino, Henlius, GAPack, Nec Networks, Suntec REIT, VCredit, Pentamaster
- SK Hynix(000660.KS): Insisting on HBM Technology and Continuing to Surpass Samsung in Net Earnings
- Itron Inc.: Grid Edge Intelligence Expansion Fueling Our ‘Outperform’ Rating! – Major Drivers
- FormFactor Inc.: Diversification in Probe Cards As A Pivotal Growth Engine! – Major Drivers
- Q2 Holdings Crushes Expectations with Explosive Subscription Revenue Growth—But Will It Last? – Major Drivers
- SiTime Corporation: Expansion in the AI & Data Center Market As A Key Growth Catalyst! – Major Drivers
- JAMF Holdings: International Expansion Powering Our Bullishness! – Major Drivers
- GoodRx Holdings: Can Its E-commerce Capabilities and Brand Drug Integration Help Tilt The Competitive Dynamics In Its Favor? – Major Drivers
- InterDigital Inc.: These Are The 6 Biggest Factors Impacting Its Performance In 2025 & Beyond! – Major Drivers
Grab Holdings (GRAB US) – Harvest Time
- Grab Holdings has expressed excitement for 2025, as it harvests the investments it has made in its laddered approach to new product offerings from Saver to Grab Unlimited in 2024.
- Having grown transacting users in 2024 through its Saver offering, Grab will focus on growing its premium offers in 2025. Groceries should outperform along with its offline dining initiatives.
- Grab will focus on lending growth at its DigiBanks in Malaysia, and Singapore in 2025 and will double down on its advertising offerings. Grab will book a 2025 net profit.
(Mostly) Asia-Pac M&A: Makino, Henlius, GAPack, Nec Networks, Suntec REIT, VCredit, Pentamaster
- I tally 51 – mostly firm, mostly Asia-Pac – transactions currently being discussed and analysed on Smartkarma. Inside is a timetable of upcoming key events for each deal.
- Four new deals this week: Makino Milling Machine Co (6135 JP)‘s hostile Offer; VCredit Holdings Ltd (2003 HK)‘s takeunder; Vesync (2148 HK)‘s Scheme, and Pentamaster International (1665 HK)‘s Scheme.
- Key updates/news took place on: Shanghai Henlius Biotech (2696 HK), Greatview Aseptic Packaging (468 HK), Nec Networks & System Integr (1973 JP), and Suntec REIT (SUN SP).
SK Hynix(000660.KS): Insisting on HBM Technology and Continuing to Surpass Samsung in Net Earnings
- SK Hynix (000660 KS)‘s key turning point is its dedication to developing High Bandwidth Memory (HBM) technology, which has finally paid off.
- In the third quarter of 2024, SK Hynix (000660 KS) continued to surpass Samsung Electronics (005930 KS) net earnings based on their financial results.
- Samsung Electronics (005930 KS) is reportedly exploring partnership opportunities with Taiwan Semiconductor (TSMC) – ADR (TSM US) in the realm of HBM, aiming to strengthen its ties with NVIDIA.
Itron Inc.: Grid Edge Intelligence Expansion Fueling Our ‘Outperform’ Rating! – Major Drivers
- Itron’s third quarter of 2024 displayed notable financial performance and a strategic focus on enhancing and expanding its market offerings in energy and water solutions.
- Key financial results include total revenue of $615 million, marking a 10% increase year-over-year, with a notable improvement in gross margin to 34.1%.
- This growth was supported by operational efficiencies and strategic shipments of customer orders.
FormFactor Inc.: Diversification in Probe Cards As A Pivotal Growth Engine! – Major Drivers
- FormFactor’s third quarter 2024 earnings reflected strong performance driven by record revenues, surpassing prior expectations.
- Both of the company’s segments contributed to this outcome, with standout results from the DRAM probe-card business.
- Notably, FormFactor achieved an all-time high in DRAM probe-card revenue for the third consecutive quarter.
Q2 Holdings Crushes Expectations with Explosive Subscription Revenue Growth—But Will It Last? – Major Drivers
- Q2 Holdings recently reported its financial performance for the third quarter of 2024, showing a generally positive momentum in its business operations.
- The company’s non-GAAP revenue reached $175 million, reflecting a 13% increase year-over-year, primarily driven by an 18% year-over-year growth in subscription revenue.
- Subscription revenues now constitute more than 80% of total revenue, underscoring Q2 Holdings’ strategic shift towards a model that emphasizes recurring, higher-margin revenue streams.
SiTime Corporation: Expansion in the AI & Data Center Market As A Key Growth Catalyst! – Major Drivers
- SiTime Corporation’s third-quarter 2024 financial performance showcased robust growth, demonstrating the company’s strong position in the precision timing semiconductor market.
- SiTime reported a 62% year-over-year increase in revenue, totaling $57.7 million.
- Net income also saw an impressive rise, equating to 17% of total revenue.
JAMF Holdings: International Expansion Powering Our Bullishness! – Major Drivers
- Jamf, a leading software company specializing in Apple device management and security solutions, reported strong third-quarter 2024 results, surpassing revenue and non-GAAP operating income expectations.
- The company’s year-over-year revenue growth reached 12%, with subscription revenue comprising a dominant 98% of total revenue.
- Non-GAAP operating income rose significantly to $27.7 million, reflecting a margin improvement from 9% to 17%.
GoodRx Holdings: Can Its E-commerce Capabilities and Brand Drug Integration Help Tilt The Competitive Dynamics In Its Favor? – Major Drivers
- In reviewing the most recent earnings for GoodRx Holdings, Inc., the company posted mixed results for the third quarter of 2024, highlighting both achievements and challenges.
- GoodRx reported an 8% year-over-year increase in total revenue, reaching $195.3 million, with adjusted EBITDA growing 21% year-over-year, reflecting a higher-than-expected margin.
- The company’s pharma manufacturer solutions segment showed substantial growth at 77% year-over-year, partially supported by the expansion of brand drug affordability programs.
InterDigital Inc.: These Are The 6 Biggest Factors Impacting Its Performance In 2025 & Beyond! – Major Drivers
- InterDigital, Inc.’s third-quarter 2024 results reveal a blend of strategic progress and financial growth, marking a potentially positive trajectory for the company, though not without challenges.
- Key achievements include surpassing their revenue, adjusted EBITDA, and EPS targets, which catalyzed an upward revision of their 2024 revenue guidance by $145 million to $860 million.
- This growth is primarily attributed to new license agreements with major industry players like OPPO Group, which now includes coverage of their branded devices, thereby resolving pending litigations.
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