In today’s briefing:
- 20 Korean Stocks That Could Outperform Next 2 Months Amid Tariff War and Local Political Turmoil
- Odds of a Prolonged Downturn Are Rising; We Are Cautious; Get Defensive
- SmartRent Inc.: Is The Expansion of Recurring SaaS Revenue Expected To Last In These Tough Times?
- MACOM Doubles Down on GaN Power with CHIPS Funding Boost!
- N-able Inc.: Expanding Reseller & Mid-Market Channels to Strengthen Foothold In Critical Global Markets!
- Reservoir Media Is Riding the Streaming Wave—But Can It Keep Growing in a Changing Music Landscape?
- (Mostly) Asia-Pac M&A: Topcon, Jinke Smart Services, Dropsuite, Domain, Jamco, Shin Kong, Dada Nexus
- Axcelis Technologies Eyeing A Solid Growth Trajectory In 2025 With Advanced Logic & Japan Expansion!
- Yelp Inc.: 5 Major Roadblocks In Its Path Of 2025 & Beyond!
- Belden Inc.: Expansion of Industrial Network Offerings & 4 Critical Developments Powering Its 2025 Performance!
20 Korean Stocks That Could Outperform Next 2 Months Amid Tariff War and Local Political Turmoil
- In this insight, we discuss 20 Korean stocks that could outperform the market in the next two months amid global tariff war and local political turmoil.
- Going forward, we believe these 20 Korean stocks could continue to outperform the market in the next couple of months.
- As the market tries to digest further the uncertainties due to tariff war and the local Presidential election, these 20 stocks could provide sound defensive outperformance.
Odds of a Prolonged Downturn Are Rising; We Are Cautious; Get Defensive
- We have been expecting near-term downside on ACWI-US and the S&P 500 since our February 27 Int’l Compass, when both ACWI-US and the S&P 500 displayed false breakouts.
- Market dynamics have continued to deteriorate to the point where we don’t see it as a buying opportunity, and we believe $115 support is not likely to hold on ACWI-US.
- Therefore, we are cautious and would get defensive, as we believe the odds of a more prolonged downturn in global equities are rising.
SmartRent Inc.: Is The Expansion of Recurring SaaS Revenue Expected To Last In These Tough Times?
- SmartRent is undergoing a strategic transformation toward a Software-as-a-Service (SaaS)-focused business model.
- This shift is reflected in the growth of the company’s recurring SaaS subscriptions, which increased to 38% of total revenue in the fourth quarter, up from 19% in the previous year.
- Annual recurring revenue (ARR) grew to $54.4 million, reflecting a year-over-year increase, and SaaS revenue showed a 17% increase during the same period.
MACOM Doubles Down on GaN Power with CHIPS Funding Boost!
- MACOM Technology Solutions Holdings, Inc. reported its financial results for the first fiscal quarter of 2025, with notable developments across its key business segments: Industrial & Defense, Data Center, and Telecom.
- The company posted a revenue of $218 million, an 8.7% sequential increase, and an adjusted EPS of $0.79 per diluted share.
- It generated approximately $63 million in free cash flow and maintained a strong cash position with $657 million in cash and short-term investments.
N-able Inc.: Expanding Reseller & Mid-Market Channels to Strengthen Foothold In Critical Global Markets!
- N-able Inc. recently reported its fourth-quarter and full-year financial results for 2024, revealing a stable growth trajectory but with various underlying challenges and opportunities for investors to consider.
- The company’s revenue grew by 7% year-over-year in constant currency for the fourth quarter, while the full-year revenue increased by 10% under the same metric.
- N-able’s Annual Recurring Revenue (ARR) concluded the fiscal year at $482 million, also indicating a 10% growth in constant currency, underscoring a solid revenue base supported by subscription models.
Reservoir Media Is Riding the Streaming Wave—But Can It Keep Growing in a Changing Music Landscape?
- Reservoir Media’s third quarter fiscal year 2025 results reflect a solid performance marked by significant growth in both revenue and profitability.
- The company reported total revenue of $42.3 million, which signifies a 19% year over-year increase.
- This growth was driven primarily by a 16% rise in music publishing revenue and a 20% increase in recorded music revenue.
(Mostly) Asia-Pac M&A: Topcon, Jinke Smart Services, Dropsuite, Domain, Jamco, Shin Kong, Dada Nexus
- I tally 54 – mostly firm, mostly Asia-Pac – transactions currently being discussed and analysed on Smartkarma.
- Two news new deals discussed this week: Reject Shop (TRS AU) and Topcon Corp (7732 JP). Jinke Smart Services (9666 HK) also suspended pursuant to the Takeovers Code.
- Key updates/news took place on Dropsuite (DSE AU), AVJennings Ltd (AVJ AU), Domain Holdings (DHG AU), Jamco (7408 JP), Shin Kong Financial Holding (2888 TT), and Dada Nexus (DADA US).
Axcelis Technologies Eyeing A Solid Growth Trajectory In 2025 With Advanced Logic & Japan Expansion!
- Costs and expenses to make sure that we’re optimizing for the margin profile that we’ve been able to maintain over the years.
- As we move throughout 2025 and think about the revenues potentially picking up in the second half of the year, we do expect that there will be some margin improvement aligned with that as we get some better gross margin recovery from a volume perspective and potential mix shifts.
- However, given the soft revenue outlook overall when factoring in market digestions in areas such as silicon IGBT and the planned lower system sales into certain international markets, sustaining a significant gross margin increase year-over-year will be challenging without notable shifts in demand across our core business sectors.
Yelp Inc.: 5 Major Roadblocks In Its Path Of 2025 & Beyond!
- Yelp Inc presented a mixed financial performance in its fourth quarter and full-year 2024 results.
- The company showed significant progress in specific strategic areas while navigating challenges in others.
- In 2024, Yelp’s net revenue increased by 6% year-over-year to $1.41 billion, supported by disciplined expense management efforts.
Belden Inc.: Expansion of Industrial Network Offerings & 4 Critical Developments Powering Its 2025 Performance!
- Belden Inc. has delivered a robust financial performance in its fourth quarter and the full fiscal year of 2024, with certain strategically positive developments, although faced with some macroeconomic and operational challenges.
- The overall revenue for Q4 2024 amounted to $666 million, marking a notable increase of 21% year over-year.
- Earnings per share (EPS) also exceeded expectations, reaching $1.92.
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