External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

PSP Projects Limited operates as a construction company. The Company offers industrial, institutional, government, and residential projects construction, as well as allied services including planning, designing, and post-construction activities. PSP Projects serves the private and public sectors in India.

<ul><li>PSP Projects Limited (PSP) has entered into a SPA with Adani Infra (India) Limited wherein the promoter of PSP Mr Prahaladbhai S Patel, will be selling 30.07% equity share capital of PSP, triggering an open offer for public shareholders</li><li>As informed by the management, the shareholding of the promoters PSP and Adani will continue to remain the same for the next 5 years, post the closure of transaction, and the management will be continued to be led by Mr Patel</li><li>The acquisition by Adani group and the partnership between the promoter groups is expected to complement each other’s capabilities, with PSP lending its expertise in the buildings construction segment and Adani group providing it with group orders in the building segment only.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

PSP Projects Limited (PSP) has entered into a SPA with Adani Infra (India) Limited wherein the promoter of PSP Mr Prahaladbhai S Patel, will be selling 30.07% equity share capital of PSP, triggering an open offer for public shareholdersAs informed by the management, the shareholding of the promoters PSP and Adani will continue to remain the same for the next 5 years, post the closure of transaction, and the management will be continued to be led by Mr PatelThe acquisition by Adani group and the partnership between the promoter groups is expected to complement each other’s capabilities, with PSP lending its expertise in the buildings construction segment and Adani group providing it with group orders in the building segment only.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

PSP Projects: Signs SPA with Adani Group. Maintain ADD

Japan Specialist

Mark Chadwick

Thematic (Sector/Industry)

<ul>
<li>U.S. markets advanced Thursday, with the Dow Jones Industrial Average leading gains, rising 1.1%</li>
<li>Honda Motor will begin test production of all solid-state EV batteries in January at a new facility in Tochigi prefecture,</li>
<li>Nissan Motor  plans to restructure its Thai operations by fall 2025, affecting around 1,000 employees at its two Bangkok-area plants.</li>
</ul>


U.S. markets advanced Thursday, with the Dow Jones Industrial Average leading gains, rising 1.1%
Honda Motor will begin test production of all solid-state EV batteries in January at a new facility in Tochigi prefecture,
Nissan Motor  plans to restructure its Thai operations by fall 2025, affecting around 1,000 employees at its two Bangkok-area plants.


Ohayo Japan | Bitcoin Briefly Touched $99,000

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Teco Electric & Machinery / Equity Bottom-Up

Teco Electric & Machinery Co., Ltd. manufactures household appliances, industrial motors, and smart cards.  The Company produces air conditioners, refrigerators, washing machines, televisions, dryers, single-phase motors, three-phase motors, inverters, rotary compressors, stepping motors, gear motors, and generators.

<ul>
<li>Teco Electric &amp; Machinery (1504 TT) is one of the leading companies in Taiwan that specialize in electrical machinery and industrial automation.</li>
<li>Teco Electric &amp; Machinery provides high dividend payout and solid dividend yield. From 2020 to 2023, the company's dividend payout and dividend yield averaged 72.9% and 4.6%, respectively.</li>
<li>The company is one of the beneficiaries from the need to upgrade the global energy distribution and storage networks to support the higher usage of AI in the coming years. </li>
</ul>


Teco Electric &amp; Machinery (1504 TT) is one of the leading companies in Taiwan that specialize in electrical machinery and industrial automation.
Teco Electric &amp; Machinery provides high dividend payout and solid dividend yield. From 2020 to 2023, the company's dividend payout and dividend yield averaged 72.9% and 4.6%, respectively.
The company is one of the beneficiaries from the need to upgrade the global energy distribution and storage networks to support the higher usage of AI in the coming years. 


Asian Dividend Gems: Teco Electric & Machinery

External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>SPA with Adani Infra India Limited: On November 19, 2024, PSP Projects Ltd entered into a Share Purchase Agreement (SPA) with Adani Infra India Limited for the sale of up to 30.07% of the company’s paid-up share capital, amounting to Rs 685 Cr for Rs 575 per share. Under the execution of the SPA, the acquirer will be required to make an open offer in compliance with SEBI (SAST) regulations.</li><li>Post-consummation of the open offer, both companies are expected to hold equal equity stakes in PSP Projects Ltd.</li><li>According to management, this strategic deal is anticipated to create operational synergies by leveraging advanced technologies and expanding the scope of work to include building projects, data centres, realty, and airport-related infrastructure. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

SPA with Adani Infra India Limited: On November 19, 2024, PSP Projects Ltd entered into a Share Purchase Agreement (SPA) with Adani Infra India Limited for the sale of up to 30.07% of the company’s paid-up share capital, amounting to Rs 685 Cr for Rs 575 per share. Under the execution of the SPA, the acquirer will be required to make an open offer in compliance with SEBI (SAST) regulations.Post-consummation of the open offer, both companies are expected to hold equal equity stakes in PSP Projects Ltd.According to management, this strategic deal is anticipated to create operational synergies by leveraging advanced technologies and expanding the scope of work to include building projects, data centres, realty, and airport-related infrastructure. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

PSP Projects Limited - Company Update Post Stake Sale To Adani Infra

Japan Experts, Extraordinary Performance, Astris Advisory Japan

Astris Advisory Japan

Japan Experts, Extraordinary Performance

Our Corporate Advisory service is designed to give clients access to a wider range of investors. These include Japan specialists as well as global investors. The goal is to help achieve a fair equity valuation.

Sanyo Trading Co. Ltd. provides international and domestic trading services. The Company imports, exports, and sells a variety of products such as rubbers, chemical products, industrial products, machinery and materials, and scientific instruments.

<div><div><div><div><ul><li>Firm results with a reserved outlook – Q1- 4FY9/24 results were ahead of guidance and highlighted that Q4 FY9/24 trading was in line with expectations, in contrast to a strong start to the year.</li><li>The company made positive developments in improving the sales mix in the Chemicals and Overseas Subsidiaries segments and has increased FY9/24 DPS to ¥55 from the previously guided ¥45, which was a positive surprise.</li><li>Guidance for FY9/25 appears to be conservative in our view. Nevertheless, it telegraphs a slowdown in earnings momentum and mixed earnings visibility with an expected slowdown from life science activity at subsidiary SCRUM Inc., balanced with contributions from large projects in the wood biomass-related business.</li></ul></div></div></div></div>

Firm results with a reserved outlook – Q1- 4FY9/24 results were ahead of guidance and highlighted that Q4 FY9/24 trading was in line with expectations, in contrast to a strong start to the year.The company made positive developments in improving the sales mix in the Chemicals and Overseas Subsidiaries segments and has increased FY9/24 DPS to ¥55 from the previously guided ¥45, which was a positive surprise.Guidance for FY9/25 appears to be conservative in our view. Nevertheless, it telegraphs a slowdown in earnings momentum and mixed earnings visibility with an expected slowdown from life science activity at subsidiary SCRUM Inc., balanced with contributions from large projects in the wood biomass-related business.

Sanyo Trading (3176 JP) - Conservative FY9/25 Guidance with Potential Avenues to Enhance Returns

Industrials
Industrials Insights

PSP Projects: Signs SPA with Adani Group. Maintain ADD

PSP Projects Limited (PSP) has entered into a SPA with Adani Infra (India) Limited wherein the promoter of PSP Mr Prahaladbhai S Patel, will be...

HDFC Securities

Ohayo Japan | Bitcoin Briefly Touched $99,000

U.S. markets rise, Honda to test solid-state EV batteries, Nissan to restructure Thai operations impacting 1,000 employees.

Mark Chadwick

Asian Dividend Gems: Teco Electric & Machinery

Teco Electric & Machinery (1504 TT) is one of the beneficiaries from the need to upgrade the global energy distribution and storage networks to...

Douglas Kim

PSP Projects Limited - Company Update Post Stake Sale To Adani Infra

According to management, this strategic deal is anticipated to create operational synergies by leveraging advanced technologies and expanding the...

Axis Direct

Sanyo Trading (3176 JP) - Conservative FY9/25 Guidance with Potential Avenues to Enhance Returns

Firm results with a reserved outlook – Q1- 4FY9/24 results were ahead of guidance and highlighted that Q4 FY9/24 trading was in line with...

Astris Advisory Japan

PSP Projects: Signs SPA with Adani Group. Maintain ADD

PSP Projects Limited (PSP) has entered into a SPA with Adani Infra (India) Limited wherein the promoter of PSP Mr Prahaladbhai S Patel, will be...

HDFC Securities

Ohayo Japan | Bitcoin Briefly Touched $99,000

​U.S. markets rise, Honda to test solid-state EV batteries, Nissan to restructure Thai operations impacting 1,000 employees.

Mark Chadwick

Asian Dividend Gems: Teco Electric & Machinery

Teco Electric & Machinery (1504 TT) is one of the beneficiaries from the need to upgrade the global energy distribution and storage networks to...

Douglas Kim

PSP Projects Limited - Company Update Post Stake Sale To Adani Infra

According to management, this strategic deal is anticipated to create operational synergies by leveraging advanced technologies and expanding the...

Axis Direct

Sanyo Trading (3176 JP) - Conservative FY9/25 Guidance with Potential Avenues to Enhance Returns

Firm results with a reserved outlook – Q1- 4FY9/24 results were ahead of guidance and highlighted that Q4 FY9/24 trading was in line with...

Astris Advisory Japan

U.S. markets rise, Honda to test solid-state EV batteries, Nissan to restructure Thai operations impacting 1,000 employees.