In today’s briefing:
- Lens Technology IPO Preview
- VIL’s Revival Impossible or a State-Backed Turnaround Feasible?
- Lens Technology IPO (Hong Kong) Valuation Analysis
- Verint Systems: Why Thoma Bravo May Be Eyeing This Flat-Growth AI Play!
- Coosea Smart Technology Co., Ltd. Pre-IPO Tearsheet
- Hong Kong Single Stock Options Weekly (June 30 – July 04): Narrowing Breadth and Rising Put Activity
- Pinterest’s Hidden Comeback: Why This Social Stock May Still Surprise Wall Street
- Why Mobix Labs Wants Peraso: The Surprising Value Behind a Loss-Making mmWave Pioneer!
- Core Scientific’s $3.7 Billion Puzzle: Why CoreWeave Might Be Ready to Buy a Loss-Making Giant
- Ambarella in Play? Why This AI Chipmaker Is Suddenly on Every Rival’s Radar
Lens Technology IPO Preview
- Lens Technology is getting ready to complete its IPO in Hong Kong. Lens Technology is planning to raise as much as HK$4.77 billion (US$608 million) in this IPO.
- If the offer size adjustment and overallotment options are exercised, the IPO gross proceeds could increase to HK$6.3 billion (US$803 million).
- In 2024, the company held a 13% share of the global market for precision structural parts and modules for consumer electronics and a 20.9% share of smart vehicle interaction systems.
VIL’s Revival Impossible or a State-Backed Turnaround Feasible?
- Vodafone Idea (IDEA IN) faces severe financial distress due to INR 83,400 crore in mounting Adjusted Gross Revenue (AGR) dues and substantial deferred payment obligations.
- Management warns Vi cannot operate beyond Financial Year 2026 without timely government support for AGR dues, halting crucial bank funding. market.
- Vi proposes payment plans and seeks substantial funding, while ARPU is growing, and the government supports a three-player
Lens Technology IPO (Hong Kong) Valuation Analysis
- Our base case valuation of Lens Technology is market cap of 146 billion CNY based on P/E of 24.9x our estimated net profit of 5.8 billion CNY in 2026.
- The company’s current market cap is 120.7 billion CNY. Thus, our base case valuation represents a 21% upside from current levels.
- Lens Technology is well positioned to be one of the first companies to undertake large-scale production of key components and complete device assembly for humanoid robots and AI glasses.
Verint Systems: Why Thoma Bravo May Be Eyeing This Flat-Growth AI Play!
- Verint Systems Inc. presented its Q1 2026 earnings results, showcasing a strong beginning to the fiscal year.
- The company reported accelerated annual recurring revenue (ARR) growth of 6%, with total revenue of $208 million and non-GAAP diluted earnings per share (EPS) of $0.29, both surpassing guidance expectations.
- This positive performance was primarily attributed to the company’s expanding AI momentum, led by its AI-powered bots and CX automation platform.
Coosea Smart Technology Co., Ltd. Pre-IPO Tearsheet
- Coosea Smart Technology Co., Ltd. (CST) is looking to raise about US$100m in its upcoming Hong Kong IPO. The deal will be run by Citic.
- According to Frost & Sullivan, in 2024, CST was the world’s second largest end-to-end solution provider for local smartphone brands by shipment volume, and rose to first place in 1Q25.
- During the Track Record Period, CST generated revenue from over 70 countries or regions, mainly focusing on Asia and Americas.
Hong Kong Single Stock Options Weekly (June 30 – July 04): Narrowing Breadth and Rising Put Activity
- Hong Kong single stocks traded lower in a holiday-shortened week.
- Breadth pulled back sharply from the previous week’s extremes and Put activity picked up noticeably across single stock options.
- Intervention in HKD continues to ramp steadily higher with HKD bumping along top of the range.
Pinterest’s Hidden Comeback: Why This Social Stock May Still Surprise Wall Street
- Pinterest, once seen as an also-ran in the social media race, is quietly engineering one of the most data-driven comebacks in the digital advertising world.
- With its Q1 2025 results showing a 16% year-over-year revenue increase to $855 million and monthly active users (MAUs) hitting a record 570 million (+10% YoY), Pinterest is demonstrating clear traction.
- The platform’s focused evolution—from a passive pinboard to an AI-powered visual discovery engine with deep commerce integrations—is attracting attention across investor circles.
Why Mobix Labs Wants Peraso: The Surprising Value Behind a Loss-Making mmWave Pioneer!
- Peraso Inc. reported its financial performance for the first quarter of 2025, unveiling a combination of significant advancements and continuing challenges faced by the company.
- The firm’s revenues reached $3.9 million, up from $2.8 million in the same quarter of the previous year, showing a clear year-over-year growth.
- This expansion was driven primarily by increased shipments of millimeter wave (mmWave) products, indicating their growing market acceptance.
Core Scientific’s $3.7 Billion Puzzle: Why CoreWeave Might Be Ready to Buy a Loss-Making Giant
- Core Scientific’s first quarter fiscal year 2025 results highlight its strategic pivot towards high-density colocation infrastructure, driven largely by its significant agreements with CoreWeave.
- This strategic focus is shaped by the growing demand for advanced computing capabilities informed by AI-driven infrastructures, representing both opportunities and challenges for the company’s future.
- A pivotal point in Core Scientific’s strategy is its collaboration with CoreWeave, which underpins its expansion into AI-focused datacenter infrastructure.
Ambarella in Play? Why This AI Chipmaker Is Suddenly on Every Rival’s Radar
- Ambarella Inc., the Santa Clara-based semiconductor designer known for its AI-enabled imaging chips, is reportedly exploring strategic options—including a potential sale.
- The company has engaged bankers and quietly approached potential acquirers, according to Bloomberg.
- Shares of Ambarella surged over 21% on the news, pushing its market capitalization to approximately $2.6 billion.
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