Category

Earnings Alerts

Genting Singapore (GENS) Earnings: 1H Net Income Hits S$356.9M with Strong Gaming Revenue

By | Earnings Alerts
  • Genting Singapore‘s net income for the first half of 2024 is S$356.9 million.
  • The company’s adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is S$570.8 million.
  • Genting Singapore reported a total revenue of S$1.36 billion for the first half of the year.
  • The integrated resorts’ gaming segment earned S$957.6 million in revenue.
  • Analyst ratings show 15 buys, 3 holds, and 0 sells for Genting Singapore.

A look at Genting Singapore Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth5
Resilience5
Momentum3
OVERALL SMART SCORE3.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, Genting Singapore shows a promising long-term outlook. With high scores in Growth and Resilience, the company seems well-positioned for future expansion and able to navigate challenges effectively. The strong Growth score indicates potential for increased earnings and market share, while the Resilience score suggests the company’s ability to withstand economic downturns. Additionally, the company maintains moderate scores in Value, Dividend, and Momentum, providing a balanced overall outlook.

Genting Singapore Limited, known for developing resort properties and operating casinos globally, including in Australia, the Americas, Malaysia, the Philippines, and the United Kingdom, has a solid foundation for long-term success. With a focus on growth and resilience, the company demonstrates strategic planning and adaptability in various market conditions. Investors may find Genting Singapore an attractive prospect based on its positive Smart Scores and diverse presence in key international markets.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Power Assets Holdings (6) Earnings: 1H Net Income Reaches HK$3.01 Billion with Interim Dividend of 78 HK Cents

By | Earnings Alerts
  • Net Income: Power Assets reported a net income of HK$3.01 billion in the first half of the year.
  • Revenue: The company’s revenue for the same period was HK$454 million.
  • Interim Dividend: Shareholders will receive an interim dividend of 78 HK cents per share.
  • Analyst Recommendations: The stock has received 7 buy recommendations, 2 hold recommendations, and 1 sell recommendation.

A look at Power Assets Holdings Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience4
Momentum5
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Power Assets Holdings Limited, a company focused on power generation, transmission, and distribution, as well as gas distribution, has received varied Smart Scores across key performance indicators. With a solid momentum score of 5 and strong scores in growth and resilience at 4, Power Assets Holdings appears well-positioned for long-term success. The company’s emphasis on sustainable growth and ability to weather market challenges contribute to its positive outlook.

Furthermore, Power Assets Holdings received a moderate value score of 2 and a respectable dividend score of 3, indicating opportunities for improvement in cost efficiency and potential for increased dividend payouts to shareholders over time. Overall, with a mix of favorable scores and a diversified investment portfolio across various countries including Hong Kong, Australia, Canada, China, New Zealand, and Thailand, Power Assets Holdings demonstrates a promising long-term outlook in the energy sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Impressive Hindustan Aeronautics (HNAL) Earnings: 1Q Net Income Surges 77% Exceeding Estimates

By | Earnings Alerts
  • Hindustan Aeronautics’ Strong Performance: Net income surged 77% year-over-year to 14.4 billion rupees.
  • Exceeding Expectations: Analysts had estimated a net income of 9.46 billion rupees.
  • Revenue Growth: Revenue increased by 11% year-over-year, reaching 43.5 billion rupees.
  • Meeting Revenue Estimates: The company slightly outperformed the revenue estimate of 42.8 billion rupees.
  • Total Costs on the Rise: Total costs grew by 8% year-over-year to 35 billion rupees.
  • Analyst Recommendations: The company has 13 buy ratings, 1 hold rating, and 2 sell ratings.
  • Comparison Data: All comparisons are based on the company’s original disclosures.

A look at Hindustan Aeronautics Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth4
Resilience5
Momentum5
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

With a solid Smartkarma Smart Score indicating positive long-term prospects, Hindustan Aeronautics Limited (HAL) appears to be in a strong position for investors. The company’s high scores in Dividend, Growth, Resilience, and Momentum point towards a promising future. A score of 4 in both Dividend and Growth highlights stable income generation and potential for expansion, while a top score of 5 in Resilience and Momentum showcases HAL’s ability to withstand market challenges and maintain an upward trajectory.

Hindustan Aeronautics Limited (HAL) is a key player in the aerospace and defense sector, offering a wide range of products including aircraft, helicopters, and communication equipment. With a focus on designing and manufacturing advanced aerospace technologies, HAL caters to the thriving aerospace industry in India. The company’s impressive Smartkarma Smart Scores further support its position as a reputable player in the market, signaling a positive outlook for HAL’s future growth and stability.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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China Shenhua Energy Co H (1088) Earnings: July Coal Sales Volume Rises 5.3% to 40 Million Tons

By | Earnings Alerts
  • China Shenhua reported an increase in coal sales volume by 5.3% for July 2024.
  • Total coal sales for July reached 40.0 million tons.
  • Current analyst ratings: 13 buys, 3 holds, and 1 sell.

A look at China Shenhua Energy Co H Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience4
Momentum5
OVERALL SMART SCORE4.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Shenhua Energy Company Limited, a prominent player in the coal and power sectors of China, is poised for a promising long-term outlook based on its Smartkarma Smart Scores. With a strong performance across various factors, the company has received solid scores in Value, Dividend, Growth, Resilience, and Momentum. These scores indicate a positive assessment of China Shenhua Energy Co H‘s overall outlook.

China Shenhua Energy Co H‘s high scores in Dividend and Momentum, combined with respectable scores in Value, Growth, and Resilience, underscore its attractiveness as an investment opportunity. The company’s focus on coal and power businesses, along with its integrated coal transportation network, positions it well for sustained growth and profitability in the future.

### Summary: China Shenhua Energy Company Limited is an integrated coal-based energy company with a strong presence in China’s coal and power sectors, supported by its comprehensive coal transportation network. ###


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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CK Infrastructure Holdings (1038) Earnings: 1H Net Income Soars to HK$4.31B with 72 HK Cents Interim Dividend

By | Earnings Alerts
  • Net Income: CK Infrastructure reported a net income of HK$4.31 billion for the first half of 2024.
  • Revenue: The company’s revenue for the same period was HK$19.09 billion.
  • Interim Dividend: CK Infrastructure announced an interim dividend of 72 Hong Kong cents per share.
  • Analyst Ratings:
    • 9 analysts recommend buying CK Infrastructure shares
    • 4 analysts suggest holding the shares
    • No analysts recommend selling the shares

CK Infrastructure Holdings on Smartkarma



Analyst coverage of CK Infrastructure Holdings on Smartkarma has been insightful with diverse viewpoints. David Blennerhassett discussed CK Infrastructure’s interest in a possible London listing, coinciding with changes in the LSE listing regime. This move aligns with CKI’s significant non-Asian business operations, with over 90% of FY23 profit from outside Asia and around 50% from UK operations.

David Mudd highlighted positive news sentiment surrounding CK Infrastructure, along with other companies like Genscript Biotech and BOC Aviation. Equity ETF flows in China, supported by the “National Team,” have influenced market sentiment. The coverage provides a comprehensive view of CK Infrastructure Holdings amid market dynamics and potential listing decisions.



A look at CK Infrastructure Holdings Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
Resilience3
Momentum5
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

CK Infrastructure Holdings Limited (CKI) is poised for a promising long-term outlook as indicated by the Smartkarma Smart Scores. With a strong Momentum score of 5, the company is showing robust performance trends that bode well for future growth. Additionally, CK Infrastructure Holdings scored high in Growth with a rating of 4, reflecting positive prospects for expansion and development in the energy, transportation, water, and electricity generation sectors.

CK Infrastructure Holdings also received solid scores in Value, Dividend, and Resilience, each scoring a 3. These scores indicate a stable investment option with decent value, dividend payouts, and resilience in the face of market fluctuations. With a diverse portfolio and global reach, CK Infrastructure Holdings is positioned to continue serving its customers worldwide while maintaining a competitive edge in the real assets investment industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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People’s Insurance (PICC) (1339) Earnings: YTD P&C Insurance Premium Income Hits 344.78B Yuan, 14 Buys Indicated

By | Earnings Alerts
  • PICC Group’s property & casualty (P&C) insurance premium income for the year up to July 2024 is 344.78 billion yuan.
  • The year-to-date (YTD) life insurance premium income for PICC Group is 84.53 billion yuan.
  • Analysts’ ratings for PICC Group include:
    • 14 buy recommendations
    • 5 hold recommendations
    • 0 sell recommendations

People’s Insurance (PICC) on Smartkarma

Analyst coverage of People’s Insurance Corporation of China (PICC) on Smartkarma indicates a positive outlook from analyst David Blennerhassett. In his report titled “StubWorld: Stay Long PICC (1339 HK),” Blennerhassett highlights that PICC has rebounded from its lowest implied stub and simple ratio, although it continues to trade below historical metrics. The report delves into the current setup and unwind tables for Asia-Pacific Holdcos, emphasizing relationships with a minimum liquidity of US$1 million and a market capitalization exceeding 20%.

David Blennerhassett‘s bullish sentiment on PICC reflects optimism towards the company’s potential growth opportunities and resilience. Despite trading below historical metrics, PICC’s recent performance suggests a positive trajectory, garnering attention from investors seeking long-term prospects in the insurance sector. Blennerhassett’s insightful analysis on Smartkarma provides valuable information for investors looking to understand the dynamics of People’s Insurance (PICC) within the market landscape.


A look at People’s Insurance (PICC) Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth4
Resilience3
Momentum5
OVERALL SMART SCORE4.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on Smartkarma Smart Scores, People’s Insurance (PICC) showcases a promising long-term outlook. The company has received high scores in key areas including value, dividend, and momentum, indicating robust performance in these aspects. With a perfect score for value and dividend, PICC demonstrates its strong financial standing and commitment to rewarding its investors. Moreover, the high momentum score suggests a positive trend in the company’s stock performance.

The People’s Insurance Company (PICC) of China Limited, known for offering a wide range of property and casualty insurance products, also provides asset management services across China. Despite facing some challenges in resilience, the company’s overall outlook remains positive, with a solid foundation in financial strength and growth potential. Investors may find PICC an attractive option for long-term investment based on its strong fundamentals and growth prospects.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Tencent (700) Earnings: Q2 Net Income Surpasses Estimates at 47.63 Billion Yuan

By | Earnings Alerts
  • Net Income: Tencent‘s net income for Q2 was 47.63 billion yuan, surpassing the estimate of 39.94 billion yuan.
  • Operating Profit: The company reported an operating profit of 50.73 billion yuan, slightly below the estimate of 51.46 billion yuan.
  • Adjusted Net Income: Adjusted net income came in at 57.31 billion yuan, beating the estimate of 48.67 billion yuan.
  • Revenue: Q2 revenue was 161.12 billion yuan, just shy of the estimated 161.35 billion yuan.
  • Weixin and WeChat MAUs: Monthly Active Users (MAUs) for Weixin and WeChat were 1.37 billion, exceeding the estimate of 1.36 billion.
  • QQ Smart Device MAUs: QQ’s smart device MAUs reached 571 million, higher than the estimated 567.72 million.
  • VAS Subscriptions: Fee-based Value-Added Services (VAS) subscriptions numbered 263 million, above the expected 258.91 million.
  • Net Other Gains: The company reported net other gains of 1.48 billion yuan, surpassing the estimate of 1.33 billion yuan.
  • Selling and Marketing Expenses: Selling and marketing expenses totaled 9.16 billion yuan, lower than the estimated 9.29 billion yuan.
  • Analyst Ratings: The stock has received 71 buy ratings, 1 hold rating, and no sell ratings.

Tencent on Smartkarma

Analysts on Smartkarma have been closely watching Tencent, a leading company set to release its 2Q FY24 results. Charlotte van Tiddens, CFA, anticipates the report with a bullish sentiment, highlighting Tencent‘s performance relative to peers and upcoming index changes by MSC. On the other hand, Ming Lu provides insights on Tencent‘s growth prospects, expecting a 9% YoY revenue increase and improved operating margins for 2Q24.

Meanwhile, analyst Travis Lundy notes strong buying trends for Tencent, with consecutive weeks of net buying by SOUTHBOUND flows. Lundy points out the consistent bullish sentiment towards Tencent, with the company being a top net buy for several weeks. These analyses showcase optimism and positive outlook towards Tencent‘s financial performance and market position.


A look at Tencent Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth3
Resilience4
Momentum5
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Tencent‘s long-term outlook appears positive with high scores in key areas. With a momentum score of 5, indicating strong market performance, Tencent seems to be gaining significant traction. The company’s resilience score of 4 further underscores its ability to weather challenges, reflecting a stable foundation. While the value score is moderate at 2, the growth and dividend scores of 3 each suggest steady progress and potential for returns to investors.

Tencent Holdings Limited, an investment holding company, operates globally, providing a range of Internet and mobile services. Its strong momentum score coupled with solid resilience bodes well for its future prospects. Investors may find Tencent appealing for its consistent growth and dividend potential, despite a relatively modest value score. Overall, Tencent‘s Smartkarma Smart Scores paint a picture of a company with promising long-term prospects in the evolving digital landscape.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Bank Leumi Le-Israel BM (LUMI) Earnings Report: 2Q Net Income 2.27B Shekels, Down 7.5% Y/Y

By | Earnings Alerts
  • Bank Leumi’s net income for Q2 is 2.27 billion shekels, down 7.5% compared to 2.45 billion shekels last year.
  • The bank reported net interest income of 4.38 billion shekels, a 2.2% increase from the previous year.
  • There was a recovery of loan losses amounting to 18 million shekels, in contrast to the provision of 318 million shekels the previous year.
  • Analyst recommendations include 6 buys, with no holds or sells.

A look at Bank Leumi Le-Israel BM Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth4
Resilience5
Momentum4
OVERALL SMART SCORE4.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Bank Leumi Le-Israel BM is positioned for a positive long-term outlook, as indicated by its Smartkarma Smart Scores. With strong scores across key factors such as Value, Dividend, Growth, and Momentum, the company demonstrates a robust overall performance. Additionally, Bank Leumi’s high Resilience score highlights its ability to weather market challenges effectively, further solidifying its standing in the industry.

Bank Leumi Le-Israel BM, a leading financial institution in Israel, attracts deposits and provides a wide range of banking and financial services. From consumer loans to insurance and merchant banking services, the company offers a comprehensive suite of financial products. Notably, Bank Leumi also holds significant equity interests in various non-financial corporations within the Israeli market, showcasing its diversified business approach and strategic investments.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Dentsu Inc (4324) Earnings: FY Operating Income Forecast Cut, Q2 Results Miss Estimates

By | Earnings Alerts






  • Dentsu revised its full-year operating income forecast to 107.10 billion yen, down from the previous forecast of 135.40 billion yen, missing the estimate of 128.15 billion yen.
  • The company now expects net income of 36.70 billion yen, a significant decrease from the 61.70 billion yen it originally forecasted and below the estimate of 64.41 billion yen.
  • Net sales are still projected to be 1.36 trillion yen, aligning with the estimate of 1.36 trillion yen.
  • The dividend is forecasted to be 139.50 yen, slightly below the estimated 140.55 yen.
  • For the second quarter, operating income was 11.24 billion yen, bouncing back from a loss of 4.32 billion yen year-over-year (y/y), but falling short of the 18.48 billion yen estimate.
  • Net sales for the second quarter were 348.03 billion yen, up 17% y/y and above the estimate of 318.78 billion yen.
  • Second quarter net income was 10.0 million yen, a steep decline from 3.44 billion yen y/y and below the 7.33 billion yen estimate.
  • Japan’s business organic growth rate was +1.8%, down from +3.4% y/y.
  • In the Americas, the organic growth rate was -3.7%, an improvement over last year’s -7.4% y/y.
  • EMEA (Europe, Middle East, and Africa) saw an organic growth rate of 7.8%, up from -12.7% y/y.
  • The APAC (Asia-Pacific) region, excluding Japan, recorded an organic growth rate of -6.2%, slightly better than last year’s -7% y/y.
  • Analyst recommendations include 3 buys, 5 holds, and 1 sell.



A look at Dentsu Inc Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth5
Resilience3
Momentum4
OVERALL SMART SCORE3.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysing the Smartkarma Smart Scores for Dentsu Inc, the long-term outlook appears promising. With a solid score of 5 in Growth, the company is projected to experience substantial development and expansion opportunities in the future. This signifies a positive trajectory for Dentsu Inc in terms of increasing market share and profitability over time.

Moreover, Dentsu Inc also demonstrates strength in other key areas, with scores of 4 in Dividend and Momentum, indicating a healthy dividend payout and strong market performance. These factors contribute to the overall positive outlook for the company, bolstered by its wide range of advertising, marketing, and event planning services provided across various regions globally, including the US, Europe, and Asia.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Hon Hai Precision Industry (2317) Earnings: 2Q Net Income Surpasses Estimates with NT$35 Billion

By | Earnings Alerts
  • Second-quarter net income: NT$35 billion (beats estimate of NT$34.5 billion)
  • First half net income: NT$57.05 billion
  • First half revenue: NT$2.87 trillion
  • First half operating profit: NT$81.35 billion
  • First half earnings per share (EPS): NT$4.12
  • Analyst ratings: 22 buys, 2 holds, 1 sell

Hon Hai Precision Industry on Smartkarma

In recent analyst coverage on Smartkarma, Vincent Fernando, CFA, highlighted Hon Hai Precision Industry‘s optimistic outlook in the Traditional Server Market, foreseeing significant growth in the AI server segment despite material shortages. The company aims to increase its market share in 2024E, with reported revenue growth in AI servers up by 200% YoY. Although 1Q24 revenue dropped by 9% YoY, Hon Hai remains confident in its growth prospects for 2024, particularly in the rebounding traditional server market.

Moreover, after a remarkable 50% surge in Hon Hai’s shares post unveiling AI technologies at Nvidia’s GTC conference, Vincent Fernando, CFA, discussed the potential implications. Acknowledging a possible short squeeze driving the surge, the analyst revised the valuation for the company. Despite the stock hitting an all-time high and surpassing the target price, concerns about being overbought in the near term have surfaced, emphasizing the need for caution amidst the company’s impressive technological advancements.


A look at Hon Hai Precision Industry Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Hon Hai Precision Industry appears to have a positive long-term outlook across various key factors. With consistent scores of 4 in Value, Dividend, Growth, Resilience, and Momentum, the company is well-positioned in terms of financial health, potential for growth, and stability. This suggests that Hon Hai Precision Industry is considered a strong player in the electronic manufacturing services sector, indicating favorable prospects for investors looking at the company in the long run.

Hon Hai Precision Industry Co., Ltd. is a leading provider of electronic manufacturing services for a wide range of products including computers, communications devices, and consumer electronics. The company’s diverse business operations encompass the assembly of desktop and notebook PCs, production of connectors and cables, manufacturing of PCBs, handsets, networking equipment, and other consumer electronic devices. With consistent scores across various metrics, Hon Hai Precision Industry is poised to maintain its competitive edge and continue its growth trajectory in the industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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