In today’s briefing:
- Tyro Payment (TYR AU) Fielding Offers. Again.
- Sea Ltd (SE US): Inside the Rally – What Drove the 20% Post Earnings Surge?
- Tencent (700 HK): 2Q25, Game Revenue Up by 22%, FinTech Back to 2 Digits
- Super Dovish Comments From Bessent Fuels Home Builder Strength
- Western Union’s $500 Million Intermex Deal: The High-Stakes Bet On Corridor Dominance!
- Micronics Japan (6871 JP): 1H FY12/25 flash update
- Data Applications (3848 JP): Q1 FY03/26 flash update
- Yappli Inc (4168 JP): 1H FY12/25 flash update
- CISO: Leading cybersecurity provider entering new growth phase with high margin
- Rumble’s Northern Data Deal Is A $1.17 Billion AI Power Grab—What’s At Stake
Tyro Payment (TYR AU) Fielding Offers. Again.
- Back in January 2023, point-of-sale payments play Tyro (TYR AU) provided Potentia with due diligence to “enable Potentia to develop a significantly improved proposal“. Potentia walked away from talks in May.
- Then crickets. Yesterday (12th August), Tyro’s shares gained 10.6%. After announcing this morning it has received unsolicited NBIOs, shares gained a further 8.6% (as I type), touching a 17-month high.
- At A$1.17/share, Tyro is ~27% adrift of Potentia’s last confirmed indicative Offer.
Sea Ltd (SE US): Inside the Rally – What Drove the 20% Post Earnings Surge?
- Sea Ltd’s stock surged nearly 20% yesterday after it reported 2Q 2025 results that beat street expectations across key metrics.
- During the investor call, Management sounded confident in sustaining growth while improving profitability, citing a vast addressable market and an emerging logistics cost advantage.
- Full-Year gaming guidance was raised on the back of Free Fire’s strong momentum across performance metrics.
Tencent (700 HK): 2Q25, Game Revenue Up by 22%, FinTech Back to 2 Digits
- In 2Q25, game revenue increased by 22% YoY and FinTech revenue growth reached two digits.
- The operating margin improved to 34.5% in 2Q25 compared to 30.6% in 2Q24.
- The 10-year P/E band suggests an upside of 22.5% and a target price of HK$718 for year end 2025.
Super Dovish Comments From Bessent Fuels Home Builder Strength
- Sentiment for Sumitomo Forestry will continues to rise with pressure on US rates increasing.
- Coreweave fails to live up to the hype dropping -20% on profit miss, but topline growth remains strong
- Cisco Systems reporting their AI infrastructure orders were double initial expectations for 2025
Western Union’s $500 Million Intermex Deal: The High-Stakes Bet On Corridor Dominance!
- Western Union is making strategic headlines with its agreement to acquire International Money Express for $16 per share in cash, valuing the deal at roughly $500 million.
- The acquisition price reflects a 50% premium to Intermex’s 90-day volume-weighted average price and signals Western Union’s intent to strengthen its U.S. retail footprint while expanding into high-potential geographies.
- The move comes amid a challenging macro backdrop for Western Union, which recently reported Q2 2025 revenues of $1.026 billion, down 1% year-over-year (excluding Iraq), with ongoing headwinds in U.S. outbound corridors due to heightened immigration enforcement.
Micronics Japan (6871 JP): 1H FY12/25 flash update
- 1H FY12/25 sales increased 26.6% YoY to JPY33.1bn, with operating profit rising 31.3% YoY to JPY7.6bn.
- The company revised its Q3 earnings forecast, lowering sales to JPY50.0bn and operating profit to JPY11.1bn.
- Full-year FY12/25 sales forecast is JPY68.9bn (+23.8% YoY), with capital expenditures planned at JPY17.8bn (+15.3% YoY).
Data Applications (3848 JP): Q1 FY03/26 flash update
- In Q1 FY03/26, Data Applications reported revenue of JPY947mn, with an operating loss of JPY37mn and net loss of JPY12mn.
- Software Development revenue was JPY546mn with a segment loss of JPY10mn; recurring revenue ratio was 89.4%.
- System Integration and AI businesses reported revenues of JPY274mn and JPY127mn, with segment losses of JPY17mn and JPY11mn, respectively.
Yappli Inc (4168 JP): 1H FY12/25 flash update
- In 1H FY12/25, the company reported revenue of JPY2.9bn, operating profit of JPY449mn, and net income of JPY446mn.
- Revenue progress rate was 47.0%, with operating profit at 59.9%, and recurring profit at 61.6% versus full-year forecast.
- The company maintained its full-year forecast, with revenue aligning with expectations and profits showing strong performance.
CISO: Leading cybersecurity provider entering new growth phase with high margin
- Zacks Small-Cap Research Note for CISO Global, Inc. (CISO)
Rumble’s Northern Data Deal Is A $1.17 Billion AI Power Grab—What’s At Stake
- Rumble Inc.’s second quarter 2025 earnings call showcased both opportunities and challenges for the company, reflecting its ongoing efforts to grow and diversify its business model.
- The company’s activity in mergers and acquisitions (M&A) has been notable, with a potential acquisition of Northern Data, an AI and high-performance computing solutions provider.
- Although the transaction is not finalized, it is intended to bolster Rumble’s growth and its existing cloud business by leveraging GPU-as-a-Service and data center power.
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