External broker reports(aggregated public sources), Moelis Australia Ltd

MA Moelis Australia

External broker reports(aggregated public sources)

Moelis Australia Ltd

We are an ASX-listed financial services firm specialising in asset management, lending, corporate advisory and equities. 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

Nuix Pty Ltd operates as atechnology company. The Company offers software platform for indexing, searching, analyzing, and extracting knowledge from unstructured data that includes digital investigation, cybersecurity, e-Discovery, information governance, and email migration and privacy. Nuix serves customers worldwide.

<ul><li>The refined outlook for Nuix's FY25 Annualised Contract Value (ACV) growth towards the lower end the range is not a surprise.</li><li>At the presentation of 1H25 results in February, management recited their guidance for 11-16% ACV growth during FY25.</li><li>However, Nuix also observed that the operating environment has become less predictable. Customers have taken longer to commit to new contra</li></ul>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.

The refined outlook for Nuix's FY25 Annualised Contract Value (ACV) growth towards the lower end the range is not a surprise.At the presentation of 1H25 results in February, management recited their guidance for 11-16% ACV growth during FY25.However, Nuix also observed that the operating environment has become less predictable. Customers have taken longer to commit to new contraContent 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.

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related accessories. The Company also offers payment, digital content, cloud and advertising services. Apple Inc.'s customers are primarily in consumer, small & mid-sized business, education, enterprise and government markets worldwide.

<ul><li>Apple Inc. is facing one of the most turbulent moments in its recent history.</li><li>Over the past week, the company has lost over $700 billion in market capitalization, relinquished its crown as the most valuable U.S. company to Microsoft, and seen its shares plummet by 23% across four trading sessions.</li><li>The sell-off comes on the back of escalating trade tensions between the United States and China, with President Donald Trump introducing a 125% tariff on Chinese imports—directly impacting Apple’s China-dependent supply chain.</li></ul>

Apple Inc. is facing one of the most turbulent moments in its recent history.Over the past week, the company has lost over $700 billion in market capitalization, relinquished its crown as the most valuable U.S. company to Microsoft, and seen its shares plummet by 23% across four trading sessions.The sell-off comes on the back of escalating trade tensions between the United States and China, with President Donald Trump introducing a 125% tariff on Chinese imports—directly impacting Apple’s China-dependent supply chain.

Apple in Crisis Mode? Tariffs, Stock Wipeouts, and Supply Chain Shocks Shake Up the Tech Giant!

Leading International Investment Research, Edison Investment Research

Edison Investment Research

Leading International Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Devolver Digital, Inc. operates as a video game publisher. The Company offers digital entertainment wares from independent artists. Devolver Digital serves customers worldwide.

Devolver Digital’s H1 FY24 results saw a return to adjusted EBITDA profitability as the company and its peers adjusted to post-pandemic market conditions. The H224 results continued that trend and, with a higher proportion of royalty-free first-party intellectual property (IP) and higher-margin front catalogue products set for release this year, 2025 profits should be able to grow further. The Switch 2 release is another potential welcome boost for 2025, suggesting that consensus forecasts are relatively well underpinned in an otherwise challenging gaming market.

Devolver Digital’s H1 FY24 results saw a return to adjusted EBITDA profitability as the company and its peers adjusted to post-pandemic market conditions. The H224 results continued that trend and, with a higher proportion of royalty-free first-party intellectual property (IP) and higher-margin front catalogue products set for release this year, 2025 profits should be able to grow further. The Switch 2 release is another potential welcome boost for 2025, suggesting that consensus forecasts are relatively well underpinned in an otherwise challenging gaming market.

Devolver Digital — 2024 in line and 2025 to continue improvements

Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Equity Capital Markets

Samsung SDI Co., Ltd. specializes in developing Lithium Ion Battery (LIB) technology.  The Company also manufactures cathode ray tubes (CRTs) for televisions and computer monitors.  Samsung SDI also produces liquid crystal display (LCD) components and rechargeable batteries for cellular phones , personal digital assistants (PDAs), Energy Storage Systems and solar panels.

<ul>
<li>Not much juice at ex-rights — price move’s small, and shorting’s risky with recall risk and having to compensate the lender for lost rights.</li>
<li>Some locals chase rights instead, but it’s not really a go-to trade with all the cost/efficiency uncertainty.</li>
<li>First round price pre–ex-rights sets the floor for arb margins and anchors rights pricing once they start trading — key level to keep in the playbook.</li>
</ul>


Not much juice at ex-rights — price move’s small, and shorting’s risky with recall risk and having to compensate the lender for lost rights.
Some locals chase rights instead, but it’s not really a go-to trade with all the cost/efficiency uncertainty.
First round price pre–ex-rights sets the floor for arb margins and anchors rights pricing once they start trading — key level to keep in the playbook.


Clearing Up the Confusion: Ex-Rights Trading in Korean Rights Offerings

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

One 97 Communications Limited provides payment solutions. The Company provides online services such as hotel booking, top ups, data processing, games, mobile content, and bill payments. One 97 Communications Limited serves customers worldwide.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/one-97-communications-limited-paytm" target="_blank" data-smartkarma-citation="entities:26149:1" rel="noopener">Paytm (PAYTM IN)</a> is pivoting post-regulatory setbacks with board overhaul, license reapplications, and focus on high-margin verticals like lending and merchant services.</li>
<li>Triggers like MDR revival, PPBL embargo removal, and PA license approval could significantly lift monetization, improve take rates, and stabilize investor sentiment.</li>
<li>While competition is stiff, structural improvements and cost controls position Paytm for a profitable rebound, making it a potential re-rating candidate in FY26.</li>
</ul>



Paytm (PAYTM IN) is pivoting post-regulatory setbacks with board overhaul, license reapplications, and focus on high-margin verticals like lending and merchant services.
Triggers like MDR revival, PPBL embargo removal, and PA license approval could significantly lift monetization, improve take rates, and stabilize investor sentiment.
While competition is stiff, structural improvements and cost controls position Paytm for a profitable rebound, making it a potential re-rating candidate in FY26.


Insights in the Information Technology Space

Information Technology
Insights in the Information Technology Space

Nuix Ltd - Trading Update

The refined outlook for Nuix's FY25 Annualised Contract Value (ACV) growth towards the lower end the range is not a surprise.

MA Moelis Australia

Apple in Crisis Mode? Tariffs, Stock Wipeouts, and Supply Chain Shocks Shake Up the Tech Giant!

Apple Inc. is facing one of the most turbulent moments in its recent history. Over the past week, the company has lost over $700 billion in market...

Baptista Research

Devolver Digital — 2024 in line and 2025 to continue improvements

Devolver Digital’s H1 FY24 results saw a return to adjusted EBITDA profitability as the company and its peers adjusted to post-pandemic market...

Edison Investment Research

Clearing Up the Confusion: Ex-Rights Trading in Korean Rights Offerings

Korea’s rights offerings differ from global norms, causing noise in arb trading. Using the recent Samsung SDI deal as a case study, I’ll focus on...

Sanghyun Park

Paytm 2.0: Growth Triggers Loading…

Paytm is making strategic changes post-regulatory challenges to boost profitability and investor confidence, focusing on high-margin verticals...

Sudarshan Bhandari

Nuix Ltd - Trading Update

The refined outlook for Nuix's FY25 Annualised Contract Value (ACV) growth towards the lower end the range is not a surprise.

MA Moelis Australia

Apple in Crisis Mode? Tariffs, Stock Wipeouts, and Supply Chain Shocks Shake Up the Tech Giant!

Apple Inc. is facing one of the most turbulent moments in its recent history. Over the past week, the company has lost over $700 billion in market...

Baptista Research

Devolver Digital — 2024 in line and 2025 to continue improvements

Devolver Digital’s H1 FY24 results saw a return to adjusted EBITDA profitability as the company and its peers adjusted to post-pandemic market...

Edison Investment Research

Clearing Up the Confusion: Ex-Rights Trading in Korean Rights Offerings

Korea’s rights offerings differ from global norms, causing noise in arb trading. Using the recent Samsung SDI deal as a case study, I’ll focus on...

Sanghyun Park

Paytm 2.0: Growth Triggers Loading…

​Paytm is making strategic changes post-regulatory challenges to boost profitability and investor confidence, focusing on high-margin verticals...

Sudarshan Bhandari

Paytm is making strategic changes post-regulatory challenges to boost profitability and investor confidence, focusing on high-margin verticals...