In today’s briefing:
- HK CEO & Director Dealings (28th Feb 2025): Mobvista, Xtep, Onewo, Bonny International
- Tencent (700 HK): Expiry-Day Recap; Intra-Day Swing of 4.1%.
- Entegris (ENTG US) Promotion to S&P MidCap400
- China Mobile (941 HK) Pullback Offers a Tactical Re-Entry Opportunity
- Intel Former Board Members Warn Against Rumoured TSMC Takeover Of Intel Foundry
- Lucror Analytics – Morning Views Asia
- Memory Monitor: Nanya Tech Soared on DRAM Recovery and Custom HBM News
- Kinatico Interview Transcript post H1 FY25 result
- Restar (3156 JP) – Positioning for Future Demand Upturn
- Kinatico Ltd – HIgher-margin SaaS revenue, flat costs propel EBITDA
HK CEO & Director Dealings (28th Feb 2025): Mobvista, Xtep, Onewo, Bonny International
- The data in this insight is collated from the “shareholding disclosure” link on the HKEx website.
- Often there is a corresponding HKEx announcement on the increase – or decrease – in the shareholding by directors. Or pledging. However, such disclosures are by no means an absolute.
- The key stocks mentioned in this regular series include: Mobvista (1860 HK), Xtep International (1368 HK), Onewo (2602 HK), and Bonny International Holding (1906 HK).
Tencent (700 HK): Expiry-Day Recap; Intra-Day Swing of 4.1%.
- During yesterday’s Option expiration day, Tencent (700 HK) experienced an intra-day swing of 4.1%.
- Trading in the afternoon oscillated around the prominent 500 strike level. Around 66% of calls and 2% of puts expired in the money.
- Volume was lower than in the preceding days; a total of 38 million shares were traded, with the morning session accounting for 53% of the volume.
Entegris (ENTG US) Promotion to S&P MidCap400
- Last night, the S&P announced that with the deletion of Arcadium Lithium (ALTM US) from the S&P Midcap 400, Entegris Inc (ENTG US) would replace it.
- Entegris is a company providing Materials Solutions and Purity Solutions to the semiconductor industry (they sell to circuit/memory cos, SPE mfrs, gas/chem cos, wafer growers, etc.
- Because of how this company is being added, it is a bit interesting. It will be effective Wednesday 5 March at the close with US$1.2bn to buy.
China Mobile (941 HK) Pullback Offers a Tactical Re-Entry Opportunity
- In our last insight covering China Mobile (941 HK) we said the stock was overbought. It made a sharp pullback last week that may turn into a good BUY opportunity.
- Support levels to buy range from 79.1 to 76.4, assuming this pullback is a buy-the-dip scenario, something we will discuss in this insight.
- If the stock resumes its rally, the next WEEKLY profit targets will be between 82.64 and 84.4.
Intel Former Board Members Warn Against Rumoured TSMC Takeover Of Intel Foundry
- Four former, long term Intel board members yesterday warned against any plans to have TSMC take over Intel Foundry, their second time weighing in on the future of the company
- They posit that TSMC is under pressure from the US Administration with Taiwan security being used as a bargaining chip
- They’re not wrong in their assertions that it would be a terrible idea, both for the US and for TSMC, but these are days where anything can happen. Let’s see
Lucror Analytics – Morning Views Asia
- In today’s Morning Views publication we comment on developments of the following high yield issuers: Xiaomi Corp
- In the US, the second estimate for Q4/24 real GDP was unchanged from the advance estimate at an annualised rate of 2.3% q-o-q, driven by a 4.2% increase (unchanged) in consumer spending. That said, the core PCE price index was revised upwards to 2.7% (from 2.5% in the advance estimate).
- Full-year real GDP growth in 2024 stood at 2.8% y-o-y (vs. 2.9% in 2023). Separately, durable goods orders rose 3.1% m-o-m in January (2.0% e / -1.8% p).
Memory Monitor: Nanya Tech Soared on DRAM Recovery and Custom HBM News
- Nanya Tech Soared in February on DRAM Recovery and Custom HBM News
- Nanya’s Custom HBM Strategy & the Positive DRAM Market Outlook
- Memory Monitor Universe: SK Hynix & Micron Still Have Strong FY2025E Expected Growth; Nanya Tech Still Negative
Kinatico Interview Transcript post H1 FY25 result
- Kinatico Ltd (ASX:KYP) is a ‘Know Your People’ regtech company providing workforce compliance monitoring and management technology and services.
- RaaS Research Group interviewed CEO Michael Ivanchenko post the H1 FY25 results.
Restar (3156 JP) – Positioning for Future Demand Upturn
- Q1-3 FY3/25 results underlined Restar’s positive sales growth profile (+11.2% YoY) driven by its roll-up M&A strategy, a strong demand environment for cameras and PC-related products in consumer products, and smartphone demand driving EMS activity YoY.
- However, headwinds persist in the form of continued delay in demand recovery from the Industrial sector, a sales mix lowering gross margin, and negative impact from a strengthening Japanese yen.
- We have not seen concrete evidence of cost savings from post-merger integration activities.
Kinatico Ltd – HIgher-margin SaaS revenue, flat costs propel EBITDA
- Kinatico Ltd (ASX:KYP) is a ‘Know Your People’ regtech company providing workforce compliance monitoring and management technology and services.
- The company has reported H1 FY25 adjusted EBITDA of $2.3m, up 17% on the previous corresponding period (pcp) and 10% ahead of our forecast.
- Reported EBITDA was $2.1m, up 9% on the pcp.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
