Daily Brief TMT/Internet: Ibiden Co Ltd, Intel Corp, Tencent, Dassault Systemes , Mininglamp Technology, Cig Shanghai, Euronet Worldwide, ASML Holding NV, CoreWeave, CompoSecure and more

• In June, Nidec Corp (6594 JP) announced they would delay the release of their yuho for three months because of an internal investigation into NIDEC FIR INTERNATIONAL (Italy).
• In September they launched a special committee. Shares fell 22%. Last Thursday, the company cancelled its interim dividend. Today, the JPX designated Nidec as Security on Special Alert.
• This is a VERY BIG DEAL. Nikkei225 deletes Nidec 5-Nov-2025, replaced by Ibiden Co Ltd (4062 JP) (PAF 1.0x). Designation also triggers TOPIX deletion for Nidec, likely on 30 October. 

• 3Q beat on margins, is it price hikes or inventory? Growth comes from PC, not Data Center. 18A high enough yields driving a margins recovery is for 2027.
• Unspecified ASIC and AI “new” strategy but the details in the conf call point strongly to x86 as the core.
• The stock is very expensive, ie the market bets on a swift and sharp recovery. Lots of room for disappointment.

Key points (machine generated)

• Tencent has 1.4 billion users on Weixin/WeChat, establishing it as a leading digital platform.
• The company is positioned to enhance monetization through AI integration across its services.
• Despite its strengths, Tencent’s core business is undervalued, trading at 14 times the consensus 2026 earnings per share.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Dassault Systèmes reported its financial performance for the third quarter of 2025, revealing nuanced outcomes with both positive and negative aspects.
• The overarching theme of the report was the company’s focus on driving top-line growth and margin expansion, enabled by the 3DEXPERIENCE platform.
• This platform is pivotal in the company’s transition towards subscription-based and recurring revenue models, which are currently experiencing a notable 16% growth in subscriptions this quarter.

• Mininglamp Technology (1912140D HK) is looking to raise US$131m in its Hong Kong IPO.
• Mininglamp Technology (formerly known as Leading Smart Holdings), is a data intelligence software provider in China, specializing in transforming enterprises’ marketing and operational decision-making through large model driven analytics.
• In this note, we will talk about the company’s past performances and valuations.

• Cig Shanghai (603083 CH) , telecommunications equipment company, is looking to raise up to US$594m in its upcoming Hong Kong IPO.
• CIG was founded in 2005, and is a provider of critical infrastructure components for the development of AI.
• We have covered various aspects of the deal in our previous note. In this note, we will talk about the demand and trading dynamics.

During this episode of SSOI podcast, I spoke with Colin King of Circle City Capital. Colin runs Value Don’t Lie where he shares his highest conviction ideas. In this episode, Colin and I discuss NCR Atleos Corporation (NATL), Aumovio SE (AMVO), and Solstice (SOLS).

Key points (machine generated)

• ASML is the only company producing EUV lithography machines for advanced chip fabrication under 7 nanometers.
• The EUV technology involves a complex process using molten tin droplets and lasers to create plasma for radiation.
• ASML has a 100% market share in EUV systems and over 90% in leading-edge DUV tools, after 30 years of development.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• CoreWeave priced a downsized IPO — 37.5 million shares at $40.00 — well below the marketed $47–$55 range.
• He debut was muted (opened at ~$39 and closed at the $40 IPO price), but the stock ripped higher in the weeks that followed and peaked at $187 in June.
• By late October CoreWeave ranked among the top performing 2025 IPOs, sitting behind Circle Internet Group and Karman Holdings in aftermarket returns.

• Portrait Research offers qualitative attributes to help identify businesses
• Portrait customizes research report generation to assist with framing conversations
• Portrait provides intelligent thesis monitoring by assessing thousands of data points each day for valuable insights

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.