Research from ACF Equity Research, ACF Equity Research

ACF Equity Research

Research from ACF Equity Research

Accuracy | Clarity | Foresight

ACF was set up to improve the effectiveness of capital markets for smaller and mid-sized companies. The majority of jobs are created by smaller companies not global companies. If we can help improve companies use of capital markets more projects will be completed, more jobs created, more global GDP grown, which in turn helps create more resources for education, leading to equality and opportunity for those who are still oppressed by ignorance and poverty.

ACF Equity Research is an independent research house specialising in the highest specification independent equity research for corporate clients.

We deliver premium independent corporate sponsored equity research characterised by its accuracy, clarity and foresight based upon a fundamental valuation approach.

Our independent research is designed to educate our professional investor readers about your company, with an emphasis on clear and accurate explanations. Our mission is to improve company’s liquidity through credible equity research services, excellent international distribution and reliable access for investment managers.

We believe in the importance and value of clarity, the careful articulation of technical ideas, concepts and solutions.

Our team of analysts are independently minded individuals who believe in thoroughness, technical competence and clear punchy communications.

Equity Bottom-Up

AsiaFIN Holdings Corp. operates as a holding company. The Company, through its subsidiaries, provides market research studies and consultancy services on payment processing, regulatory technology, robotic process automation, and self service unattended payments. AsiaFIN Holdings serves customers worldwide.

<ul>
<li>AsiaFIN Holdings Corp. (OTCQB : ASFH) - aggressive growth inflection point.</li>
<li>ASFH provides IP protected fintech solutions to ASEAN based financial institutions / corporates.</li>
<li>We are expecting 3Q24 numbers in line with our expectations.</li>
</ul>


AsiaFIN Holdings Corp. (OTCQB : ASFH) - aggressive growth inflection point.
ASFH provides IP protected fintech solutions to ASEAN based financial institutions / corporates.
We are expecting 3Q24 numbers in line with our expectations.


AsiaFIN Holdings Corp (ASFH) Pre-Results 3Q24 30102024

Blue Lotus Non US Internet research, Blue Lotus Research Institute

Ying Pan

Blue Lotus Non US Internet research

China growth and global non-US Internet equities

Blue Lotus Research Institute

Blue Lotus Research is a Hong Kong Type 4 Licensed investment advisory firm focusing on Chinese growth equities and global non-US Internet equities

Tencent Holdings Limited operates as an investment holding company. The Company, through its subsidiaries, provides Internet and mobile value-added services (VAS), online advertising, and e-commerce transactions. Tencent Holdings offers services to users worldwide.

<ul>
<li>We expect Tencent to report C3Q24 revenue, IFRS operating profit and IFRS net income in line, 5.7% and 7.1% vs. consensus. </li>
<li>Reason to own Tencent include: (1) company on an up game product cycle, (2) ample advertising inventory to benefit from GAI, (3) investor-friendly corporate culture. </li>
<li>With consumption uptick in C4Q24 and beyond, we see improvement in Tencent’s FinTech business. Temporary content shortage hurt Long Form Video this quarter. </li>
</ul>


We expect Tencent to report C3Q24 revenue, IFRS operating profit and IFRS net income in line, 5.7% and 7.1% vs. consensus. 
Reason to own Tencent include: (1) company on an up game product cycle, (2) ample advertising inventory to benefit from GAI, (3) investor-friendly corporate culture. 
With consumption uptick in C4Q24 and beyond, we see improvement in Tencent’s FinTech business. Temporary content shortage hurt Long Form Video this quarter. 


[Tencent (700 HK, BUY, TP HK$508) TP Change]: Upswing Performance & Cornerstone of the Sector

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.

NCR Corporation manufactures financial transaction machines and other products. The Company produces automated teller machines (ATM), self-checkout and self-service kiosks, point-of-sale workstations and scanners; manufactures printer consumable products; and manages networks and servers for ATMs and kiosks.

<ul><li>NCR Voyix's Q2 2024 earnings highlighted a series of strategic shifts, including the sale of its Digital Banking business to Veritas Capital for $2.45 billion and the shift toward an Original Design Manufacturer (ODM) model with Ennoconn Corp for outsourced hardware manufacturing.</li><li>These moves are part of a broader strategy to enhance long-term shareholder value and decrease operating costs.</li><li>CEO David Wilkinson and CFO Brian Webb-Walsh detailed these initiatives and their expected impacts on the company's financials and operational focus.</li></ul>

NCR Voyix's Q2 2024 earnings highlighted a series of strategic shifts, including the sale of its Digital Banking business to Veritas Capital for $2.45 billion and the shift toward an Original Design Manufacturer (ODM) model with Ennoconn Corp for outsourced hardware manufacturing.These moves are part of a broader strategy to enhance long-term shareholder value and decrease operating costs.CEO David Wilkinson and CFO Brian Webb-Walsh detailed these initiatives and their expected impacts on the company's financials and operational focus.

NCR Voyix Corporation: The Tale Of ARR Growth and Platform Adoption! - Major Drivers

MoneyHero Limited operates as a personal finance company. The company was founded in 2014 and is headquartered in Singapore.

<ul>
<li>This is a follow-up research note on MoneyHero Group, a company that has firmly positioned itself as a rising star in Southeast Asia’s fintech landscape.</li>
<li>The company boasts of remarkable results in Q2 2024.</li>
<li>With revenue surging by 24% year-over-year (YoY) to $20.7 million, driven largely by a massive 68% revenue growth in its Singapore market, MoneyHero is rapidly emerging as a dominant force in the personal finance and digital insurance aggregation space.</li>
</ul>


This is a follow-up research note on MoneyHero Group, a company that has firmly positioned itself as a rising star in Southeast Asia’s fintech landscape.
The company boasts of remarkable results in Q2 2024.
With revenue surging by 24% year-over-year (YoY) to $20.7 million, driven largely by a massive 68% revenue growth in its Singapore market, MoneyHero is rapidly emerging as a dominant force in the personal finance and digital insurance aggregation space.


MoneyHero Group: A Solid Performance In Q2 2024 & Why It’s Just the Beginning!

Japan Specialist

Mark Chadwick

Thematic (Sector/Industry)

<ul>
<li>US stocks ended sharply lower on Tuesday amid heightened geopolitical tensions as Iran launched over 100 ballistic missiles at Israel</li>
<li>Nike shares fell 2% after hours despite Q1 earnings beating expectations at $0.70 per share vs. $0.52 estimated.</li>
<li>Mizuho is negotiating to acquire a stake in Rakuten Group's credit card unit, aiming to expand its fintech services</li>
</ul>


US stocks ended sharply lower on Tuesday amid heightened geopolitical tensions as Iran launched over 100 ballistic missiles at Israel
Nike shares fell 2% after hours despite Q1 earnings beating expectations at $0.70 per share vs. $0.52 estimated.
Mizuho is negotiating to acquire a stake in Rakuten Group's credit card unit, aiming to expand its fintech services


Ohayo Japan | Stocks Fall on Mid-East Tension

Payments, e-wallets, digital banks, DLT and more

Fintech
Payments, e-wallets, digital banks, DLT and more

AsiaFIN Holdings Corp (ASFH) Pre-Results 3Q24 30102024

AsiaFIN Holdings Corp. (OTCQB : ASFH) - aggressive growth inflection point. ASFH provides IP protected fintech solutions to ASEAN based financial...

ACF Equity Research

[Tencent (700 HK, BUY, TP HK$508) TP Change]: Upswing Performance & Cornerstone of the Sector

Tencent expected to report strong Q3 results, reasons to own include up game cycle and advertising inventory, potential growth in FinTech...

Blue Lotus Research Institute

NCR Voyix Corporation: The Tale Of ARR Growth and Platform Adoption! - Major Drivers

NCR Voyix's Q2 2024 earnings highlighted a series of strategic shifts, including the sale of its Digital Banking business to Veritas Capital for...

Baptista Research

MoneyHero Group: A Solid Performance In Q2 2024 & Why It’s Just the Beginning!

This is a follow-up research note on MoneyHero Group, a company that has firmly positioned itself as a rising star in Southeast Asia’s fintech...

Baptista Research

Ohayo Japan | Stocks Fall on Mid-East Tension

Geopolitical tensions drive US stocks lower, Nike shares drop despite beating earnings, Mizuho eyes stake in Rakuten's credit card unit for...

Mark Chadwick

AsiaFIN Holdings Corp (ASFH) Pre-Results 3Q24 30102024

AsiaFIN Holdings Corp. (OTCQB : ASFH) - aggressive growth inflection point. ASFH provides IP protected fintech solutions to ASEAN based financial...

ACF Equity Research

[Tencent (700 HK, BUY, TP HK$508) TP Change]: Upswing Performance & Cornerstone of the Sector

​Tencent expected to report strong Q3 results, reasons to own include up game cycle and advertising inventory, potential growth in FinTech...

Blue Lotus Research Institute

NCR Voyix Corporation: The Tale Of ARR Growth and Platform Adoption! - Major Drivers

NCR Voyix's Q2 2024 earnings highlighted a series of strategic shifts, including the sale of its Digital Banking business to Veritas Capital for...

Baptista Research

MoneyHero Group: A Solid Performance In Q2 2024 & Why It’s Just the Beginning!

This is a follow-up research note on MoneyHero Group, a company that has firmly positioned itself as a rising star in Southeast Asia’s fintech...

Baptista Research

Ohayo Japan | Stocks Fall on Mid-East Tension

​Geopolitical tensions drive US stocks lower, Nike shares drop despite beating earnings, Mizuho eyes stake in Rakuten's credit card unit for...

Mark Chadwick

Tencent expected to report strong Q3 results, reasons to own include up game cycle and advertising inventory, potential growth in FinTech...

Geopolitical tensions drive US stocks lower, Nike shares drop despite beating earnings, Mizuho eyes stake in Rakuten's credit card unit for...