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Smartkarma Daily Briefs

Nov 23
0

Daily Brief Credit: Lucror Analytics – Morning Views Asia and more

By | Credit, Daily Briefs

In today’s briefing:

  • Lucror Analytics – Morning Views Asia

Lucror Analytics – Morning Views Asia

By Tanvi Arora

  • In the US, existing home sales rose 3.4% m-o-m in October (2.9% e / -1.3% revised p) to an annualised 3.96 mn units.
  • That said, existing home sales grew at the slowest pace since late 2010, amid rising mortgage costs.
  • Separately, the Conference Board leading index fell 0.4% (-0.3% e / -0.3% revised p) to 99.5 in October 2024. 

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Nov 23
0

Daily Brief ECM: Cuscal IPO Trading – Valuation Appears Reasonable and more

By | Daily Briefs, ECM

In today’s briefing:

  • Cuscal IPO Trading – Valuation Appears Reasonable

Cuscal IPO Trading – Valuation Appears Reasonable

By Clarence Chu

  • Cuscal (1229Z AU) raised around A$337m (US$218m) in its Australia IPO.
  • Cuscal is an authorized deposit-taking institution (ADI) in Australia that primarily provides financial infrastructure and payment services in Australia.
  • We have looked at the company’s performance and valuation in our past notes. In this note, we talk about the trading dynamics.

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Nov 23
0

Daily Brief Thematic (Sector/Industry): Thematic Report: AI Wave- Big Tech’s Spending Spree and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • Thematic Report: AI Wave- Big Tech’s Spending Spree
  • Thematic Report: India’s Capex Growth Ambitions Vs. Reality
  • Singapore Banks – Domestic Credit Growth Rising Substantially, Credit Cost May Follow With A Decline
  • Japan Weekly | Deals and Activism Drive Stocks
  • AUCTUS ON FRIDAY – 22/11/2024
  • US EV Charging Infrastructure Tracker: Update – October 2024

Thematic Report: AI Wave- Big Tech’s Spending Spree

By Sudarshan Bhandari

  • Big Tech companies are already generating significant revenue from AI. Microsoft expects to reach $10 billion in AI revenue by the next quarter, making it their fastest-growing area.
  • In the third quarter of 2024 alone Microsoft, Google, and Meta collectively spent over $42 billion on AI infrastructure, primarily on building data centers and purchasing computing equipment.
  • Companies are projecting continued high spending on AI into 2025 to meet growing demand. However, challenges remain, including supply constraints for AI chips

Thematic Report: India’s Capex Growth Ambitions Vs. Reality

By Nimish Maheshwari

  • India is experiencing a slowdown in capital expenditure (capex), both in the government and private sectors. This slowdown, largely attributed to the general elections in the Q1 of FY25.
  • The central government has set an ambitious target of 50.5% capex growth in the second half of FY25 to compensate for the sluggish first half.
  • The capex slowdown has resulted in reduced investment in crucial infrastructure projects, impacting key sectors such as defense, roads, and railways.

Singapore Banks – Domestic Credit Growth Rising Substantially, Credit Cost May Follow With A Decline

By Daniel Tabbush

  • Singapore domestic credit growth is expanding upward over several months, where there are positive implications for net interest income growth
  • Growth of local loans was negative YoY in past months last year, so the delta pick up of net interest income can be strong
  • Accelerating growth likely means better credit metrics, and this is what MAS data shows too; this means that credit costs can come in, improving profit growth

Japan Weekly | Deals and Activism Drive Stocks

By Mark Chadwick

  • The Japanese stock market experienced a lacklustre week, with the Nikkei 225 and Topix indexes closing lower by 0.9% and 0.6%, respectively
  • Kadokawa’s stock surged 42% this week following a Reuters’ report that Sony is in advanced talks to acquire the company
  • Tokyo Gas shares rose 19% after Elliott Investment Management disclosed a 5.03% stake in the company

AUCTUS ON FRIDAY – 22/11/2024

By Auctus Advisors

  • ADX Energy (ADX AU) C : Portion of deeper target at Welchau flows water on test – Two intervals (total of ~16 m) in the Steinalm formation were tested at a stable rate (natural flow) of 240-290 bbl/d of drilling mud, likely contaminated formation water and some oil traces.
  • Gas was initially observed at surface. While the achieved flow rate highlights the high permeability of the natural fractures, the absence of hydrocarbons is disappointing and surprising given the results of the logs, the inflow of gas while drilling, the analysis of the retrieved cores (with indication of hydrocarbons) and the fact that oil samples were recovered from this interval.
  • The well is now being flowed while ADX is running a downhole production logging tool to analyse the contribution of the various sections of the well to flow. 

US EV Charging Infrastructure Tracker: Update – October 2024

By Garvit Bhandari

  • Total public EV charging stations (incl. temporary unavailable locations) were 73,535 as of October 30, 2024. Compared to the end of FY23, it is an increase of 13.8%.
  • Total EVSE charging ports (including the temporary unavailable ports) were 202,179, up nearly 20.1% compared to the end of 2023 and up 2.6% over September 2024.
  • US considerably lags behind China which had 3.39 million public charging stations at the end of October 2024.

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Nov 23
0

Daily Brief Event-Driven: KOSPI200 Dec24 Rebal: 4 ADDs and more

By | Daily Briefs, Event-Driven

In today’s briefing:

  • KOSPI200 Dec24 Rebal: 4 ADDs, 5 DELs, Big ADV on Small Stocks
  • Dividend Tax Cut Decision Scheduled for 25th, Next Monday: Watch Sammy Prefs
  • FineToday (289A JP): Fine In May & June 2025 for Global Index Inclusion
  • Adani Group’s Crucial Disclosure Lapses About Bribery & US Investigation
  • EQD | NIFTY 50: State Of The Odds

KOSPI200 Dec24 Rebal: 4 ADDs, 5 DELs, Big ADV on Small Stocks

By Travis Lundy

  • The December 2024 index review results for the KOSPI Indices were announced after the close on Thursday 21st November 2024.
  • There will be four ADDs and five DELs for KOSPI 200 during the December 2024 index rebal event. 
  • We predicted 8 out of 9 changes correctly. We missed one of the DELs and we expected a couple extra changes which did not materialize.

Dividend Tax Cut Decision Scheduled for 25th, Next Monday: Watch Sammy Prefs

By Sanghyun Park

  • The opposition’s pushing a Commercial Act amendment, and to gain ruling party support, they might strategically ease up on the dividend tax issue—classic quid pro quo.
  • The Samsung family’s collateral risk eased with a 10 trillion won buyback, but local markets are still cautious. Local traders now eye another 10 trillion won shareholder return.
  • The timing of the special dividend and tax deadlines may cause mismatches, but we should watch for earlier price moves in Samsung Electronics preferred shares.

FineToday (289A JP): Fine In May & June 2025 for Global Index Inclusion

By Dimitris Ioannidis

  • FineToday Holdings Co Ltd (289A JP) is scheduled to be listed on 17 December 2024, at the prime market of TSE at an expected valuation of ~$1.5bn.
  • Addition to the small-cap segment of both global indices is forecasted to take place at the May and June 2025 quarterly reviews.
  • Full exercise of the greenshoe can increase free float from 35% to 45% hence the security’s passive fund demand upon inclusion.

Adani Group’s Crucial Disclosure Lapses About Bribery & US Investigation

By Nimish Maheshwari

  • Adani Group’s handling of U.S. FCPA investigation disclosures highlights significant lapses in transparency, including delayed and contradictory statements.
  • Inconsistent disclosures and wrong disclosure about US investigations raising red flags for regulatory compliance and governance.
  • Search warrants for Sagar Adani, Nephew of Gautam Adani issued in Mar-23, which is not disclosed in fundraising documents as well as Annual Report. 

EQD | NIFTY 50: State Of The Odds

By Nico Rosti

  • After a period of prolonged sell-off, the NIFTY Index last week found support around the 23263 level and bounced.
  • Below we introduce a new “quantitative chart” tool called “QUANTCHARTS“: it displays in a compact format all the information you need to evaluate the probability of trend reversal.
  • As you will see the NIFTY Index closed just below the 25% (Q1) probability target, so it has room to rise further in the coming weeks, the CC is supportive.

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Nov 23
0

Daily Brief Private Markets: Collektr bags US$1.3M to expand livestream collectibles platform across APAC | e27 and more

By | Daily Briefs, Private Markets

In today’s briefing:

  • Collektr bags US$1.3M to expand livestream collectibles platform across APAC | e27
  • Portcast secures US$6.5M in Series A to enhance AI-powered supply chain visibility | e27

Collektr bags US$1.3M to expand livestream collectibles platform across APAC | e27

By e27

  • Collektr, a livestream collectibles platform based in the Asia-Pacific region, has raised US$1.3 million in a pre-Series A funding round led by AC Ventures Malaysia.
  • The round also saw participation from The Hive Southeast Asia, Creador Foundation, and 18 unnamed angel investors.
  • This follows a seed round led by First Move, bringing the total investment to date to US$1.3 million.

Portcast secures US$6.5M in Series A to enhance AI-powered supply chain visibility | e27

By e27

  • Singapore-based Portcast, a provider of real-time transportation visibility and predictive analytics, has secured US$6.5 million in Series A funding.
  • The round was led by Susquehanna Asia VC, with participation from new investors Hearst Ventures and Signal Ventures, alongside existing investors Wavemaker Partners, TMV, and Innoport.
  • The new funding will be strategically allocated to accelerate product innovation, particularly leveraging generative AI to enhance risk management, transport planning, and invoice auditing capabilities.

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Nov 23
0

Daily Brief Crypto: Crypto Moves #53 – Are Markets Stupid? The 4-Year Bitcoin Cycle Strikes Again and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Crypto Moves #53 – Are Markets Stupid? The 4-Year Bitcoin Cycle Strikes Again

Crypto Moves #53 – Are Markets Stupid? The 4-Year Bitcoin Cycle Strikes Again

By Mads Eberhardt

  • In the second edition of Crypto Moves, published almost exactly a year ago, I shared this conviction:“Perhaps the only thing you want to know is: Do we expect the Bitcoin halving to cause a new run?”“The short answer is yes.
  • In this edition of Crypto Moves, we assess Bitcoin’s current position in its historical 4-year cycle. The 4-year cycle is fundamentally tied to Bitcoin’s halvings, which occurs roughly every four years and halves the mining block reward.
  • This process has now taken place four times, reducing the reward from 50 bitcoins per block to just 3.125 bitcoins per block.

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Nov 23
0

Daily Brief Macro: Malaysian NR Scene In Sept Nothing To Cheer About and more

By | Daily Briefs, Macro

In today’s briefing:

  • Malaysian NR Scene In Sept Nothing To Cheer About
  • Positioning Watch – The Herd Behavior Strikes Back!
  • CX Daily: How BMW, Audi and Mercedes Ended Up Also-Rans in China
  • [ETP 2024/47] WTI Rises on Ukraine-Russia Tensions; Henry Hub Jumps on Cold Weather Forecasts
  • HEW: Misaligned Data Focus For FX

Malaysian NR Scene In Sept Nothing To Cheer About

By Vinod Nedumudy

  • Steep dip of 30.6% in NR exports month-on-month in Sept
  • Ivory Coast’s infusion touches an abysmal share of 14.9%
  • Rubber glove exports to be worth a record RM13.7 billion in 2024

Positioning Watch – The Herd Behavior Strikes Back!

By Andreas Steno

  • Hello everyone, and welcome back to our weekly positioning watch.
  • Main Takeaways: The energy bet is starting to look compelling. Oil positioning is fairly bearish, and it seems hedge funds are starting to play the oil trade from the short side after months of avoiding energy altogether.
  • The risk asset trade is still on, but positioning is stretched. The Santa rally suggests higher equity prices, but year-end position squaring could disrupt the long equities play.

CX Daily: How BMW, Audi and Mercedes Ended Up Also-Rans in China

By Caixin Global

  • Autos / In Depth: How BMW, Audi and Mercedes ended up also-rans in China
  • Retail /: Nongfu Spring founder attacks livestream sales model and low-price platforms
  • Energy Insider /: Russian gas to power Shanghai by year-end, Beijing reins in solar industry

[ETP 2024/47] WTI Rises on Ukraine-Russia Tensions; Henry Hub Jumps on Cold Weather Forecasts

By Suhas Reddy

  • For the week ending 15/Nov, US crude inventories rose by 0.5m barrels, exceeding expectations of a 0.4m barrel increase. Gasoline stocks exceeded estimates, while distillates declined less than expected.
  • US natural gas inventories fell by 3 Bcf for the week ending 15/Nov, contrasting analyst expectations of a 2 Bcf buildup. Inventories are 6.4% above the 5-year seasonal average.
  • TD Cowen raised its PT on Exxon, while Morgan Stanely lowered its PT on Halliburton. Aramco and Sinopec began the construction of a refining and petrochemical complex in China.

HEW: Misaligned Data Focus For FX

By Phil Rush

  • The Euro has weakened over the past week due to markets focusing on hawkish price and wage inflation, with more emphasis on activity growth rates and PMIs than on unemployment and underlying inflationary pressures.
  • The Flash HICP for November may not rise as expected due to base effects such as German package holidays, which is considered a temporary blip.
  • Despite most data warning against a 50bp cut, the RBNZ is likely to make this cut again, positioning it as an outlier.

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Nov 23
0

Daily Brief Equity Bottom-Up: Edwards Lifesciences Corporation: Will The Expansion and Growth of Transcatheter Aortic Valve Replacement (TAVR) Catalyze Its Revenue Growth? – Major Drivers and more

By | Daily Briefs, Equity Bottom-Up

In today’s briefing:

  • Edwards Lifesciences Corporation: Will The Expansion and Growth of Transcatheter Aortic Valve Replacement (TAVR) Catalyze Its Revenue Growth? – Major Drivers
  • NVIDIA: Waiting on Blackwell, and the Networking Question
  • TUYA: Is The King of White Label IOT Ready to Charter a Different Course?
  • SK Square: A Solid Corporate Value Up Plan Likely to Lead to Continued Outperformance
  • Arthur J. Gallagher & Co.: These Are The 4 Biggest Challenges Responsible For Our Lack Of Optimism! – Major Drivers
  • Globalstar Inc.: Expanding Market Opportunities & Service Offerings To Redefine the Industry! – Major Drivers
  • Nexstar Media Group’s Deregulation Agenda: A Game-Changing Strategy to Save Local Journalism! – Major Drivers
  • Abbott Laboratories: A Tale Of Pipeline Productivity and Innovation! – Major Drivers
  • Boston Scientific’s Game-Changing Farapulse Tech: How It’s Revolutionizing Atrial Fibrillation Treatment!: – Major Drivers
  • LG Corp: Key Highlights from Its Corporate Value-Up Plan and Updated NAV Valuation

Edwards Lifesciences Corporation: Will The Expansion and Growth of Transcatheter Aortic Valve Replacement (TAVR) Catalyze Its Revenue Growth? – Major Drivers

By Baptista Research

  • Edwards Lifesciences reported third-quarter 2024 results, showcasing notable achievements with financial metrics and strategic advancements across various product lines.
  • The company, specialized in structural heart disease innovations, marked a revenue of $1.4 billion, a rise of 10% on a constant currency basis compared to the year prior, subtly surpassing expectations.
  • Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

NVIDIA: Waiting on Blackwell, and the Networking Question

By Douglas O’Laughlin

  • Nvidia posted earnings yesterday, and guidance was light of buy-side bogeys. I’m not going to step into the mind game of bogeys here, but there are some finer points to focus on.
  • NVIDIA reports Q3 EPS $0.81 ex-items vs FactSet $0.75. Reports Q3: Revenue $35.08B vs FactSet $33.17B (2 billion beat like clockwork)
  • Q4 Guidance: Revenue $37.5B +/- 2% vs FactSet $37.09B (a bit light). GAAP and non-GAAP gross margins are expected to be 73.0% and 73.5%, respectively, +/- 50 bps. (also light)

TUYA: Is The King of White Label IOT Ready to Charter a Different Course?

By Eric Wen

  • On November 18th, 2024, Temasek-affiliated investment fund 65Equity bought 13% of TUYA, an IOT hardware company and planned to bring the company to list on the Singapore Stock Exchange;
  • TUYA is trading at US$901mn market cap, equivalent to 3.2x 12TTM sales. This isn’t cheap. Xiaomi, a high flying stock, now trades at 2.0x 12TTM sales. TUYA is not profitable;
  • TUYA is a good and real company but in a bad business. Electronics inventory cycle and advanced stocking for Trump’s Tariff Hike shall support earnings in the next few quarters.

SK Square: A Solid Corporate Value Up Plan Likely to Lead to Continued Outperformance

By Douglas Kim

  • SK Square (402340 KS) announced a solid corporate value up plan pushing up its share price by 8.8% to 87,500 won on 22 November.
  • Major highlights of the corporate value up plan included cancellation of 200 billion won of treasury shares, higher ROE target, and achieve 1x PBR ratio (nearly double the current ratio).
  • Our NAV analysis of SK Square suggests NAV of 15.2 trillion won or 112,822 won per share, representing 29% higher than current share price.

Arthur J. Gallagher & Co.: These Are The 4 Biggest Challenges Responsible For Our Lack Of Optimism! – Major Drivers

By Baptista Research

  • Arthur J.
  • Gallagher & Company reported strong financial results for the third quarter of 2024, showcasing a robust performance across its core segments, Brokerage and Risk Management.
  • The company’s revenue growth was impressive at 13%, with organic growth marking 6%.

Globalstar Inc.: Expanding Market Opportunities & Service Offerings To Redefine the Industry! – Major Drivers

By Baptista Research

  • Globalstar reported strong results for the third quarter of 2024, with notable growth in both revenue and adjusted EBITDA.
  • Total revenue grew by 25% from the previous year, reaching a record $72 million.
  • Service revenue increased by 28%, primarily driven by wholesale capacity revenue and the recognition of performance bonuses for 2023 and part of 2024.

Nexstar Media Group’s Deregulation Agenda: A Game-Changing Strategy to Save Local Journalism! – Major Drivers

By Baptista Research

  • Nexstar Media Group reported its third-quarter 2024 financial results, delivering record high revenues and showcasing strong operational performance in a challenging media landscape.
  • The company achieved its highest third-quarter total net revenue, driven by record-setting distribution and political advertising revenues.
  • The financial results reflect a solid balance between increasing revenues and maintaining cost efficiency, showcasing Nexstar’s ability to leverage its extensive media assets effectively.

Abbott Laboratories: A Tale Of Pipeline Productivity and Innovation! – Major Drivers

By Baptista Research

  • Abbott has demonstrated robust performance in its third quarter of 2024 with an organic sales growth of over 8%, excluding COVID testing sales, and adjusted earnings per share of $1.21.
  • These results underscore the company’s capacity to execute its multifaceted strategy effectively, despite varying performance across different sectors.
  • Notably, the U.S. Pediatric Nutrition segment showed remarkable growth, leading with a 12% increase due to gains in the infant formula business.

Boston Scientific’s Game-Changing Farapulse Tech: How It’s Revolutionizing Atrial Fibrillation Treatment!: – Major Drivers

By Baptista Research

  • Boston Scientific Corporation presented its third quarter of 2024 financial results, reflecting a strong performance that exceeded company forecasts and investor expectations.
  • The corporation reported a significant growth in operational sales by 19% and organic sales by 18%, surpassing the anticipated guidance range of 13% to 15%.
  • Adjusted earnings per share (EPS) grew by 27% to $0.63, also exceeding the projections of $0.57 to $0.59.

LG Corp: Key Highlights from Its Corporate Value-Up Plan and Updated NAV Valuation

By Douglas Kim

  • In this insight, we provide the major highlights of the solid Corporate Value Up plan announced by LG Corp on 22 November. 
  • The key highlights include about 500 billion won worth of share cancellation by 2026, improved dividend policy, and higher ROE target.
  • Our base case NAV valuation analysis of LG Corp suggests implied NAV of 16.1 trillion won or NAV per share of 102,426 won, which is 33.4% higher than current price.

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Nov 23
0

Daily Brief Australia: Cuscal and more

By | Australia, Daily Briefs

In today’s briefing:

  • Cuscal IPO Trading – Valuation Appears Reasonable

Cuscal IPO Trading – Valuation Appears Reasonable

By Clarence Chu

  • Cuscal (1229Z AU) raised around A$337m (US$218m) in its Australia IPO.
  • Cuscal is an authorized deposit-taking institution (ADI) in Australia that primarily provides financial infrastructure and payment services in Australia.
  • We have looked at the company’s performance and valuation in our past notes. In this note, we talk about the trading dynamics.

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Nov 23
0

Daily Brief United States: Edwards Lifesciences, NVIDIA Corp, Tuya Inc, Bitcoin, Arthur J Gallagher & Co, Globalstar Inc, Nexstar Broadcasting Group, Inc, Abbott Laboratories, Boston Scientific, Autozone Inc and more

By | Daily Briefs, United States

In today’s briefing:

  • Edwards Lifesciences Corporation: Will The Expansion and Growth of Transcatheter Aortic Valve Replacement (TAVR) Catalyze Its Revenue Growth? – Major Drivers
  • NVIDIA: Waiting on Blackwell, and the Networking Question
  • TUYA: Is The King of White Label IOT Ready to Charter a Different Course?
  • Crypto Moves #53 – Are Markets Stupid? The 4-Year Bitcoin Cycle Strikes Again
  • Arthur J. Gallagher & Co.: These Are The 4 Biggest Challenges Responsible For Our Lack Of Optimism! – Major Drivers
  • Globalstar Inc.: Expanding Market Opportunities & Service Offerings To Redefine the Industry! – Major Drivers
  • Nexstar Media Group’s Deregulation Agenda: A Game-Changing Strategy to Save Local Journalism! – Major Drivers
  • Abbott Laboratories: A Tale Of Pipeline Productivity and Innovation! – Major Drivers
  • Boston Scientific’s Game-Changing Farapulse Tech: How It’s Revolutionizing Atrial Fibrillation Treatment!: – Major Drivers
  • AutoZone Inc.: Tackling The International Market Dynamics & FX Impact! – Major Drivers

Edwards Lifesciences Corporation: Will The Expansion and Growth of Transcatheter Aortic Valve Replacement (TAVR) Catalyze Its Revenue Growth? – Major Drivers

By Baptista Research

  • Edwards Lifesciences reported third-quarter 2024 results, showcasing notable achievements with financial metrics and strategic advancements across various product lines.
  • The company, specialized in structural heart disease innovations, marked a revenue of $1.4 billion, a rise of 10% on a constant currency basis compared to the year prior, subtly surpassing expectations.
  • Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

NVIDIA: Waiting on Blackwell, and the Networking Question

By Douglas O’Laughlin

  • Nvidia posted earnings yesterday, and guidance was light of buy-side bogeys. I’m not going to step into the mind game of bogeys here, but there are some finer points to focus on.
  • NVIDIA reports Q3 EPS $0.81 ex-items vs FactSet $0.75. Reports Q3: Revenue $35.08B vs FactSet $33.17B (2 billion beat like clockwork)
  • Q4 Guidance: Revenue $37.5B +/- 2% vs FactSet $37.09B (a bit light). GAAP and non-GAAP gross margins are expected to be 73.0% and 73.5%, respectively, +/- 50 bps. (also light)

TUYA: Is The King of White Label IOT Ready to Charter a Different Course?

By Eric Wen

  • On November 18th, 2024, Temasek-affiliated investment fund 65Equity bought 13% of TUYA, an IOT hardware company and planned to bring the company to list on the Singapore Stock Exchange;
  • TUYA is trading at US$901mn market cap, equivalent to 3.2x 12TTM sales. This isn’t cheap. Xiaomi, a high flying stock, now trades at 2.0x 12TTM sales. TUYA is not profitable;
  • TUYA is a good and real company but in a bad business. Electronics inventory cycle and advanced stocking for Trump’s Tariff Hike shall support earnings in the next few quarters.

Crypto Moves #53 – Are Markets Stupid? The 4-Year Bitcoin Cycle Strikes Again

By Mads Eberhardt

  • In the second edition of Crypto Moves, published almost exactly a year ago, I shared this conviction:“Perhaps the only thing you want to know is: Do we expect the Bitcoin halving to cause a new run?”“The short answer is yes.
  • In this edition of Crypto Moves, we assess Bitcoin’s current position in its historical 4-year cycle. The 4-year cycle is fundamentally tied to Bitcoin’s halvings, which occurs roughly every four years and halves the mining block reward.
  • This process has now taken place four times, reducing the reward from 50 bitcoins per block to just 3.125 bitcoins per block.

Arthur J. Gallagher & Co.: These Are The 4 Biggest Challenges Responsible For Our Lack Of Optimism! – Major Drivers

By Baptista Research

  • Arthur J.
  • Gallagher & Company reported strong financial results for the third quarter of 2024, showcasing a robust performance across its core segments, Brokerage and Risk Management.
  • The company’s revenue growth was impressive at 13%, with organic growth marking 6%.

Globalstar Inc.: Expanding Market Opportunities & Service Offerings To Redefine the Industry! – Major Drivers

By Baptista Research

  • Globalstar reported strong results for the third quarter of 2024, with notable growth in both revenue and adjusted EBITDA.
  • Total revenue grew by 25% from the previous year, reaching a record $72 million.
  • Service revenue increased by 28%, primarily driven by wholesale capacity revenue and the recognition of performance bonuses for 2023 and part of 2024.

Nexstar Media Group’s Deregulation Agenda: A Game-Changing Strategy to Save Local Journalism! – Major Drivers

By Baptista Research

  • Nexstar Media Group reported its third-quarter 2024 financial results, delivering record high revenues and showcasing strong operational performance in a challenging media landscape.
  • The company achieved its highest third-quarter total net revenue, driven by record-setting distribution and political advertising revenues.
  • The financial results reflect a solid balance between increasing revenues and maintaining cost efficiency, showcasing Nexstar’s ability to leverage its extensive media assets effectively.

Abbott Laboratories: A Tale Of Pipeline Productivity and Innovation! – Major Drivers

By Baptista Research

  • Abbott has demonstrated robust performance in its third quarter of 2024 with an organic sales growth of over 8%, excluding COVID testing sales, and adjusted earnings per share of $1.21.
  • These results underscore the company’s capacity to execute its multifaceted strategy effectively, despite varying performance across different sectors.
  • Notably, the U.S. Pediatric Nutrition segment showed remarkable growth, leading with a 12% increase due to gains in the infant formula business.

Boston Scientific’s Game-Changing Farapulse Tech: How It’s Revolutionizing Atrial Fibrillation Treatment!: – Major Drivers

By Baptista Research

  • Boston Scientific Corporation presented its third quarter of 2024 financial results, reflecting a strong performance that exceeded company forecasts and investor expectations.
  • The corporation reported a significant growth in operational sales by 19% and organic sales by 18%, surpassing the anticipated guidance range of 13% to 15%.
  • Adjusted earnings per share (EPS) grew by 27% to $0.63, also exceeding the projections of $0.57 to $0.59.

AutoZone Inc.: Tackling The International Market Dynamics & FX Impact! – Major Drivers

By Baptista Research

  • AutoZone, Inc. delivered a robust performance in the fourth quarter of the fiscal year 2024, led by significant sales increases and growth strategies in both its domestic and international operations.
  • The company’s total sales surged by 9% in the fourth quarter, while earnings per share (EPS) increased by 11%.
  • Underpinning these results was a consistent focus on customer service excellence and strategic expansion, particularly in commercial sales and international operations.

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