Smartkarma Daily Briefs

It’s just a question of when, not if, the bubble bursts for Barito Renewables Energy (BREN IJ), which is up 1,200% since it October 2023 IPO.
A Reuters article suggests a ¥500bn secondary offering for Honda Motor (7267 JP). Honda has since said there is smoke. And we can assume there is fire.
Loo Choon Yong, Raffles Medical Group (RFMD SP)‘s founder and major shareholder, continues to chip away at minorities, and now holds 54.944%,

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Jul 07

Most Read: Hanwha Aerospace, Hanwha Corporation, Aisin , Mitsui Matsushima, Korea Stock Exchange Kospi Index, Tesla , Hang Seng Index, L’Occitane, ASM Pacific Technology, Shift Up and more

By Smartkarma Daily Briefs | Daily Briefs, Most Read

In today’s briefing:

What Did NPS Buy and Sell in Korean Stock Market in 2Q 2024?
Hanwha Corp Tender Offer Details & Arbitrage Trading Assessment
Aisin (7259 JP): The Current Playbook
JAPAN ACTIVISM: Murakami Target Mitsui Matsushima Cleans Up
Impact of Kim Byung-Hwan’s Appointment as Korea FSC Chairman on Value-Up Policy
Outpacing Delivery Expectations Sends Shares Soaring. Is Tesla the Most Undervalued AI Name?
EQD | Will the HSI Keep Falling In July?
(Mostly) Asia-Pac M&A: Sermsuk, L’Occitane, Shinko Electric, MMA Offshore, Hollysys
Quiddity Leaderboard HSTECH Sep 24: Reference Period Over; One Change Likely; US$733mn One-Way
Shift Up IPO: Final Allocation Results, Lockup Release Schedule, & Index Float Rates

What Did NPS Buy and Sell in Korean Stock Market in 2Q 2024?

By Douglas Kim

On 4 July, NPS disclosed the details of the ownership changes for 112 listed companies in Korea, of which 87 were listed in KOSPI and 25 in KOSDAQ.
In 2Q 2024, the NPS reduced its investments in defense and military stocks and increased investments in cosmetics, shipbuilding, and food companies in Korea.
NPS reduced its capital allocation to the military & defense sector. NPS reduced its stake in LIG Nex1 (-2.32%), Poongsan Corp (-2.24%), and Hanwha Aerospace (-1.02%).

Hanwha Corp Tender Offer Details & Arbitrage Trading Assessment

Hanwha Energy, wholly owned by the Hanwha Group’s owning family, announced a tender offer for an 8% stake in Hanwha Corp at ₩30,000. The tender period is until July 24.
Hanwha Energy will buy all shares if tendered less than planned, otherwise pro-rata. Payment in cash eliminates cancellation risk but poses allocation risk.
Approximately 10-15% of shares are likely to be the potential ceiling for tendering, minimizing allocation risk for the 8% target. A widening spread of 2-3% could offer arbitrage opportunities.

Aisin (7259 JP): The Current Playbook

By Arun George

Since the US$1.1 billion secondary placement announcement, Aisin (7259 JP)’s shares are up 2.5% from the undisturbed price of JPY5,243 per share (27 June).
Looking at recent large Japanese placements is instructive to understand the potential trading pattern. So far, Aisin’s shares have deviated from the pattern of previous large placements.
The offering will likely be priced on 8 July. Investors who have participated in previous large Japanese placements tend to secure positive returns.

JAPAN ACTIVISM: Murakami Target Mitsui Matsushima Cleans Up

By Travis Lundy

On 20 May, I wrote that Japanese activist MURAKAMI Yoshiaki and relations/affiliates had gone from 5% to 20% of Mitsui Matsushima (1518 JP) in 5 trading days.
I wondered if it was real, or a pump & dump, but they went to near 30% in following days. THEN they drifted off as Murakami-Fille sold while Murakami-Père bought.
The reasoning was not clear, but the story had real potential. Still does. Today, shareholders got more good news.

Impact of Kim Byung-Hwan’s Appointment as Korea FSC Chairman on Value-Up Policy

Kim Byung-hwan addressed criticism of weak incentives in tax support for the value-up policy, emphasizing boosting dividends. His background suggests effective advocacy for tax reforms in his new role.
He prioritized abolishing the FIIT in the National Assembly, citing its hindrance to capital market liquidity and investment promotion, indicating a robust approach to the value-up policy.
Kim’s appointment as FSC Chairman signals the government’s commitment to advancing the value-up policy. He emphasizes boosting dividends and aligning tax policies accordingly, shaping trading strategies toward dividend-expanding companies.

Outpacing Delivery Expectations Sends Shares Soaring. Is Tesla the Most Undervalued AI Name?

By Uttkarsh Kohli

Tesla delivered 443,956 vehicles in Q2 with production of 410,831 vehicles. It deployed a quarterly record of 9.4 GW hours of battery storage, its best quarter ever.
Tesla delivered 443,956 vehicles in Q2 with production of 410,831 vehicles. It deployed a quarterly record of 9.4 GW hours of battery storage, its best quarter ever.
Future remains uncertain for Tesla and its investors. Tesla shares are pricing in the launch of a lower priced model and Tesla’s Robotaxi on 8/8.

EQD | Will the HSI Keep Falling In July?

By Nico Rosti

After an explosive rally in April, the Hang Seng Index has been in a downtrend since mid-May, many are wondering where the index is headed next.
July 2024, based on our seasonal pattern analysis, does not have a great chance to close higher (it could, but the odds are not good).
If the index goes down in the next 2 weeks, buy the 17600-17300 price area.

(Mostly) Asia-Pac M&A: Sermsuk, L’Occitane, Shinko Electric, MMA Offshore, Hollysys

I tally 49 – mostly firm, mostly Asia-Pac – transactions currently being discussed and analysed on Smartkarma. Inside is a timetable of upcoming key events for each deal.
Just one new deal was discussed this week on Smartkarma: Sermsuk PCL (SSC TB)‘s Delisting Offer. There are also rumours of an Offer for Raffles Medical Group (RFMD SP).
Key updates took place on: L’Occitane (973 HK), Shinko Electric Industries (6967 JP), MMA Offshore (MRM AU), and Hollysys Automation Technologies (HOLI US).

Quiddity Leaderboard HSTECH Sep 24: Reference Period Over; One Change Likely; US$733mn One-Way

By Janaghan Jeyakumar, CFA

The HSTECH Index tracks the performance of the top 30 technology companies listed in Hong Kong that have high business exposure to certain technology themes.
The reference period for the September 2024 index rebal event is now complete. In this insight, we take a look at our final expectations for index changes.
Our current estimates suggest one-way flows due to index changes and capping could be around US$733mn but that could change by early September 2024.

Shift Up IPO: Final Allocation Results, Lockup Release Schedule, & Index Float Rates

Notably, local hedge funds receive significant allocation, nearly 10%, unusual for KOSPI IPOs this size, differing from HD Hyundai Marine Solution.
KOSPI 200’s initial float rate is 14%, rising to 58% in six months. MSCI starts at 8%, reaching 12% in six months and 25% in a year.
Differences from HD Hyundai Marine Solution include high short-term strategies among institutions. Unlike before, local pension funds receive substantial allocation, potentially affecting stock price post-listing.

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Jul 07

Daily Brief ECM: Shift Up IPO: Final Allocation Results and more

By Smartkarma Daily Briefs | Daily Briefs, ECM

In today’s briefing:

Shift Up IPO: Final Allocation Results, Lockup Release Schedule, & Index Float Rates

Shift Up IPO: Final Allocation Results, Lockup Release Schedule, & Index Float Rates

Notably, local hedge funds receive significant allocation, nearly 10%, unusual for KOSPI IPOs this size, differing from HD Hyundai Marine Solution.
KOSPI 200’s initial float rate is 14%, rising to 58% in six months. MSCI starts at 8%, reaching 12% in six months and 25% in a year.
Differences from HD Hyundai Marine Solution include high short-term strategies among institutions. Unlike before, local pension funds receive substantial allocation, potentially affecting stock price post-listing.

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Jul 07

Daily Brief Event-Driven: (Mostly) Asia-Pac M&A: Sermsuk and more

By Smartkarma Daily Briefs | Daily Briefs, Event-Driven

In today’s briefing:

(Mostly) Asia-Pac M&A: Sermsuk, L’Occitane, Shinko Electric, MMA Offshore, Hollysys
Weekly Deals Digest (07 Jul) – ESR, L’Occitane, Hollysys, Aisin, Honda, Sanil, Shift Up, Timee
Quiddity Leaderboard HSTECH Sep 24: Reference Period Over; One Change Likely; US$733mn One-Way
Last Week in Event SPACE: Barito Renewables, Honda, Raffles Medical, Daidoh, Hanwha Corp
Quiddity Leaderboard HSCEI Sep 24: Final Ranks and Updated Flow Expectations

(Mostly) Asia-Pac M&A: Sermsuk, L’Occitane, Shinko Electric, MMA Offshore, Hollysys

I tally 49 – mostly firm, mostly Asia-Pac – transactions currently being discussed and analysed on Smartkarma. Inside is a timetable of upcoming key events for each deal.
Just one new deal was discussed this week on Smartkarma: Sermsuk PCL (SSC TB)‘s Delisting Offer. There are also rumours of an Offer for Raffles Medical Group (RFMD SP).
Key updates took place on: L’Occitane (973 HK), Shinko Electric Industries (6967 JP), MMA Offshore (MRM AU), and Hollysys Automation Technologies (HOLI US).

Weekly Deals Digest (07 Jul) – ESR, L’Occitane, Hollysys, Aisin, Honda, Sanil, Shift Up, Timee

By Arun George

A weekly summary of key developments across ECM and Event-Driven names tracked by us across Hong Kong, Australia, New Zealand, Singapore, Japan, Indonesia, Malaysia, Thailand, Korea, India and Chinese ADRs.
ECM developments: Aisin (7259 JP), Honda Motor (7267 JP) placements; Sanil Electric (062040 KS), Shift Up (462870 KS) and Timee Inc (215A JP) IPOs.
Event-Driven developments: ESR Group (1821 HK), L’Occitane (973 HK), Hollysys Automation Technologies (HOLI US).

Quiddity Leaderboard HSTECH Sep 24: Reference Period Over; One Change Likely; US$733mn One-Way

By Janaghan Jeyakumar, CFA

The HSTECH Index tracks the performance of the top 30 technology companies listed in Hong Kong that have high business exposure to certain technology themes.
The reference period for the September 2024 index rebal event is now complete. In this insight, we take a look at our final expectations for index changes.
Our current estimates suggest one-way flows due to index changes and capping could be around US$733mn but that could change by early September 2024.

Last Week in Event SPACE: Barito Renewables, Honda, Raffles Medical, Daidoh, Hanwha Corp

It’s just a question of when, not if, the bubble bursts for Barito Renewables Energy (BREN IJ), which is up 1,200% since it October 2023 IPO.
A Reuters article suggests a ¥500bn secondary offering for Honda Motor (7267 JP). Honda has since said there is smoke. And we can assume there is fire.
Loo Choon Yong, Raffles Medical Group (RFMD SP)‘s founder and major shareholder, continues to chip away at minorities, and now holds 54.944%,

Quiddity Leaderboard HSCEI Sep 24: Final Ranks and Updated Flow Expectations

By Janaghan Jeyakumar, CFA

The HSCEI serves as a benchmark to reflect the overall performance of the top 50 “Mainland China” securities listed in Hong Kong.
In mid-June 2024, we had two expected ADDs and DELs for the September 2024 index rebal event and they remain unchanged even after the end of the reference period.
However, our capping flow expectations continue to change as the pro-forma post-rebalance weights change with share prices. In this insight, we have provided our latest flow estimates.

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Jul 07

Daily Brief Thematic (Sector/Industry): Japan Weekly | Stocks Surge; Retail Rises; Heavies Hover and more

By Smartkarma Daily Briefs | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

Japan Weekly | Stocks Surge; Retail Rises; Heavies Hover

Japan Weekly | Stocks Surge; Retail Rises; Heavies Hover

By Mark Chadwick

US Markets: Economic indicators showed signs of slowing, with the ISM Services index contracting and lower-than-expected job growth, hinting at cooling inflation and potential Fed rate cuts.
Japan’s Market: TOPIX and Nikkei surged, buoyed by expectations of positive retail earnings and strong performance in the broader market.
Key Stock Moves: Mercari and MHI saw significant gains due to strategic shifts and favorable sector outlooks, while Ain Holdings fell on acquisition concerns.

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Jul 07

Daily Brief Equity Bottom-Up: Asian Dividend Gems: Chow Tai Fook Jewellery and more

By Smartkarma Daily Briefs | Daily Briefs, Equity Bottom-Up

In today’s briefing:

Asian Dividend Gems: Chow Tai Fook Jewellery
Berli Jucker (BJC TB) – Big C’s Tourism Factor
China Healthcare Weekly (July.7) – MNCs’ Next Move In Licensing Deals, Topchoice, Junshi’s Trouble
Clinuvel Pharmaceuticals (CUV AU): Positive Clinical Trial Result; Base Business Going Strong

Asian Dividend Gems: Chow Tai Fook Jewellery

By Douglas Kim

Chow Tai Fook Jewellery’s shares are down 28.2% YTD, sharply underperforming the Hang Seng Index which is up 6% in the same period. We believe this divergence is excessive.
Chow Tai Fook’s dividend yield averaged 4.8% from FY20 to FY24. Its annual dividend payout averaged 107% in the same period.
Chai Tai Fook is currently trading at attractive valuations. It is trading at P/E of 10.1x, EV/EBITDA of 7.5x, and P/B of 2.9x based on FY25 consensus earnings estimates.

Berli Jucker (BJC TB) – Big C’s Tourism Factor

By Angus Mackintosh

Berli Jucker’s modern trade supply chain under Big C continues to benefit from the tourism recovery, with 25 dedicated tourism stores and another 35 secondary tourism stores.
Tourism stores carry a slightly different mix of SKUs versus regular stores, which generate higher margins. Big C continues to expand its store network and margins are moving upwards.
Berli Jucker provides direct exposure to Big C but its other divisions including packaging and consumer supply chain provide exposure to both Thailand and Vietnam. Valuations are attractive versus history.

China Healthcare Weekly (July.7) – MNCs’ Next Move In Licensing Deals, Topchoice, Junshi’s Trouble

By Xinyao (Criss) Wang

For all licensing cooperation with MNCs, we recommend that investors wait to see what MNCs’ next move is before deciding whether the cooperation is really promising.
Topchoice showed good business growth in 24Q2. Our biggest concern for Topchoice is that the unit price per customer may further decrease in the future, thereby affecting revenue/profit growth.
Junshi’s sales growth picked up in 24Q1, but concerns on Junshi persist. We don’t think Junshi is undervalued and its valuation should be lower than that of peers.

Clinuvel Pharmaceuticals (CUV AU): Positive Clinical Trial Result; Base Business Going Strong

By Tina Banerjee

Clinuvel Pharmaceuticals (CUV AU) released positive update from its CUV151 study, which was evaluating the DNA-repair capacity of afamelanotide on skin of healthy volunteers exposed to UV radiation.
Riding on high trajectory of lead therapy, Scenesse, thanks to the prescriber network growth, treatment demand, and number of prescriptions, Clinuvel has been consistently reporting profitable revenue growth.
Greater patient outreach to be facilitated by more specialty centers able to administer Scenesse in the U.S., expanding geographic footprint, and future label expansions are future growth engines.

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Jul 07

Daily Brief Macro: Hong Kong Services PMI: True Recovery or One-Off Improvement? and more

By Smartkarma Daily Briefs | Daily Briefs, Macro

In today’s briefing:

Hong Kong Services PMI: True Recovery or One-Off Improvement?

Hong Kong Services PMI: True Recovery or One-Off Improvement?

By Alex Ng

In June 2024, the Hong Kong Service PMI improved to 49.6, up from 43.9 in May. This indicates that while the sector is contracting, the contraction rate has slowed significantly.
Unemployment levels remained stable. Additionally, there was an increase in input cost inflation, and business confidence reached a five-month high.
Though the services PMI improves, long-run factors such as northward spending of residents, outflow of human labours, and corrections in housing sector will continue to weigh on the economy

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Jul 06

Daily Brief Industrials: Mitsui Matsushima, J&T Global Express , Hanwha Corporation, Old Dominion Freight Line and more

By Smartkarma Daily Briefs | Daily Briefs, Industrials

In today’s briefing:

JAPAN ACTIVISM: Murakami Target Mitsui Matsushima Cleans Up
HK CEO & Director Dealings (5th Jul 2024): J&T Global Express, Flat Glass, Lifetech Scientific, PCCW
Hanwha Energy Launches Tender Offer of 180 Billion Won Worth of Hanwha Corp
Old Dominion Freight Line Inc.: How They Are Growing Volumes Through Operating Ratio Leverage! – Major Drivers

JAPAN ACTIVISM: Murakami Target Mitsui Matsushima Cleans Up

By Travis Lundy

On 20 May, I wrote that Japanese activist MURAKAMI Yoshiaki and relations/affiliates had gone from 5% to 20% of Mitsui Matsushima (1518 JP) in 5 trading days.
I wondered if it was real, or a pump & dump, but they went to near 30% in following days. THEN they drifted off as Murakami-Fille sold while Murakami-Père bought.
The reasoning was not clear, but the story had real potential. Still does. Today, shareholders got more good news.

HK CEO & Director Dealings (5th Jul 2024): J&T Global Express, Flat Glass, Lifetech Scientific, PCCW

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 insight include: J&T Global Express (1519 HK), Flat Glass (6865 HK), Lifetech Scientific (1302 HK), and PCCW Ltd (8 HK).

Hanwha Energy Launches Tender Offer of 180 Billion Won Worth of Hanwha Corp

By Douglas Kim

On 5 July, Hanwha Energy announced a tender offer of 8% stake in Hanwha Corporation (000880 KS) worth 180 billion won.
The tender offer price is 30,000 won. Hanwha Energy will launch a tender offer for up to 6 million shares of Hanwha Corp, representing 8% of outstanding shares.
Hanwha Corp’s 34% stake in Hanwha Aerospace which is worth 4.2 trillion won. (191% of Hanwha Corp’s market cap).

Old Dominion Freight Line Inc.: How They Are Growing Volumes Through Operating Ratio Leverage! – Major Drivers

Old Dominion Freight Line, a major freight carrier company, recently released its first quarter 2024 which reflected a challenging economic environment but also highlighted areas of growth.
Despite the continued softness in the domestic economy, Old Dominion was able to report modest year over-year increases in revenue and earnings per diluted share for two consecutive quarters.
Its Q1 2024 earnings per diluted share of $1.34 signifies a new company record for this period.

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Jul 06

Daily Brief TMT/Internet: Wix.Com Ltd, Credo Technology Group Holding, Ambarella Inc, Nano Dimension , Lions Gate Entertainment , iHeartMedia, Xerox Holdings and more

By Smartkarma Daily Briefs | Daily Briefs, TMT/Internet

In today’s briefing:

Wix.com Ltd. – Improved Monetization Leading to Increasing ARPS! – Major Drivers
Credo Technology Group: We Are Unsure Despite Their Expansion in Artificial Intelligence Applications! – Major Drivers
Ambarella Inc.: Expansion of Partnerships in Automotive AI Driving Our Bullish Thesis? – Major Drivers
Nano Dimension – Agreement to acquire Desktop Metal
Lions Gate Entertainment Corp.: A Story Of Strategic Content Licensing and Partnership Expansion!
Iheartmedia Inc (IHRT) – Friday, Apr 5, 2024
Xerox Holdings Corp (XRX) – Friday, Apr 5, 2024

Wix.com Ltd. – Improved Monetization Leading to Increasing ARPS! – Major Drivers

In the Q1 2024 earnings, Wix.com Ltd.’s management shared a very positive outlook based on the company’s recent financial results, strategic initiatives, and product advancements.
Key achievements included stronger-than-expected Q1 growth, with booking growing to over $457 million and revenue reaching $420 million, exceeding the company’s previous guidance.
This performance led to free cash flow growth to more than $111 million.

Credo Technology Group: We Are Unsure Despite Their Expansion in Artificial Intelligence Applications! – Major Drivers

Credo’s fiscal 2024 earnings presented a blend of robust achievements and markers for future growth, tied along with inherent business risks associated with developing and scaling high-speed connectivity solutions.
The company highlighted record annual revenue alongside a notable uplift in revenue derived from AI-powered workloads, indicating successful alignment with leading-edge technological demands.
Revenue for fiscal year 2024 stood at $193 million, up by 5% year-over-year, with a marked improvement in non GAAP gross margins to 62.5%.

Ambarella Inc.: Expansion of Partnerships in Automotive AI Driving Our Bullish Thesis? – Major Drivers

Ambarella Inc. recently reported a first quarter fiscal year 2025 earnings.
The company stated their first quarter revenue was 1% above estimated figures with an increase of 6% on a sequential basis.
Artificial Intelligence (AI) products constituted two-thirds of this revenue.

Nano Dimension – Agreement to acquire Desktop Metal

By Edison Investment Research

Nano Dimension has entered into a definitive agreement to acquire Desktop Metal (DM) in an all-cash deal worth $185m ($5.50 per DM share), with potential adjustments that could reduce it to $135m ($4.07 per share). The deal is subject to regulatory approvals and DM shareholder approval and is expected to close in Q424. With complementary product lines, the combined entity will offer a broad range of additive manufacturing solutions covering multiple verticals and materials, supporting the entire value chain from prototyping through to mass manufacturing.

Lions Gate Entertainment Corp.: A Story Of Strategic Content Licensing and Partnership Expansion!

Lions Gate’s recent business developments and strategic outlook present a mixture of opportunities and challenges.
Over the past decade, Lions Gate has transitioned from primarily a Hollywood Studio, heavily reliant on theatrical releases like ‘Twilight’ and ‘Hunger Games’, to being a major player in the streaming space through its acquisition of STARZ in 2016.
This pivot has expanded its revenue streams and fortified its position against industry shifts toward digital consumption.

Iheartmedia Inc (IHRT) – Friday, Apr 5, 2024

IHRT is expected to experience positive growth in the upcoming quarters, driven by its podcasting business
CEO and CFO have been buying stocks, indicating confidence in the company’s future prospects
Potential debt restructuring and positive growth could lead to a significant increase in IHRT’s equity value by the end of 2025.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Xerox Holdings Corp (XRX) – Friday, Apr 5, 2024

Xerox is considered a short position due to being in a declining industry and losing market share, having a leveraged capital structure with rising costs, and facing hidden liabilities
The company’s free cash flow is believed to be overstated from receivables financing, making it more expensive than it appears
Xerox has been criticized for poor capital allocation, corporate governance issues, and an Icahn greenmail exit, making it a risky investment in a struggling market.

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Jul 06

Daily Brief Energy/Materials: Hanwha Corporation, Iron Ore, Uranium, Scotts Miracle-Gro Co Cl A, Sherwin Williams Co, Nuvista Energy and more

By Smartkarma Daily Briefs | Daily Briefs, Energy & Materials Sector

In today’s briefing:

Hanwha Corp Tender Offer Details & Arbitrage Trading Assessment
Iron Ore Prices on Fire on Hopes of China’s Third Plenum
Paladin-Fission Merger Primed to Benefit from Rising Uranium Demand
Scotts Miracle-Gro Co (SMG) – Friday, Apr 5, 2024
The Sherwin-Williams Company: What Is Their Market Share Strategy in Emerging Opportunities? – Major Drivers
Nuvista Energy (NVA CN) – Friday, Apr 5, 2024

Hanwha Corp Tender Offer Details & Arbitrage Trading Assessment

Hanwha Energy, wholly owned by the Hanwha Group’s owning family, announced a tender offer for an 8% stake in Hanwha Corp at ₩30,000. The tender period is until July 24.
Hanwha Energy will buy all shares if tendered less than planned, otherwise pro-rata. Payment in cash eliminates cancellation risk but poses allocation risk.
Approximately 10-15% of shares are likely to be the potential ceiling for tendering, minimizing allocation risk for the 8% target. A widening spread of 2-3% could offer arbitrage opportunities.

Iron Ore Prices on Fire on Hopes of China’s Third Plenum

By Pranay Yadav

Anticipation of an extensive stimulus package at China’s Third Plenum, aimed at revitalizing the decelerating economy, is driving a rebound in iron ore prices.
China’s iron ore imports have increased by 7% year-over-year despite a 3% decline in steel output, leading to a buildup in inventories on-shore.
The convergence of technical signals and seasonal trends in the SGX TSI Iron Ore Index suggests a bullish market stance, highlighting potential profit opportunities.

Paladin-Fission Merger Primed to Benefit from Rising Uranium Demand

By Suhas Reddy

Combined entity of Paladin Energy and Fission Uranium expected to command a market capitalisation of USD 3.5 billion.
Following the Russia-Ukraine war, uranium miners started looking for alternative sources in low-risk regions, putting focus on US and Canada.
Post-Merger, Paladin will have the second-largest resource base of any listed uranium miner in the Western Hemisphere, second only to Cameco.

Scotts Miracle-Gro Co (SMG) – Friday, Apr 5, 2024

Recommendation to short shares of Scotts Miracle-Gro based on excessive leverage from Hawthorne hydroponics subsidiary’s cannabis market bet
Core consumer lawn care business facing increased competition, pricing pressure, and challenges in driving volume growth
Projected 40% downside for SMG due to precarious financial position and reliance on key retailers and seasonal revenue

The Sherwin-Williams Company: What Is Their Market Share Strategy in Emerging Opportunities? – Major Drivers

The Sherwin-Williams Company recently reported its consolidated sales within the guided range, gross margin expansion, and growth in diluted earnings per share (EPS) and Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA).
However, the results were at the lower end of expected sales.
Despite the modest first quarter, the company remains confident in its full-year outlook and is optimistic about the upcoming painting season.

Nuvista Energy (NVA CN) – Friday, Apr 5, 2024