Category

Earnings Alerts

Daiwa House Industry (1925) Earnings Report: FY Operating Income Forecast Misses Estimates Amidst Decreased Net Sales and Income

By | Earnings Alerts
  • Daiwa House’s FY operating income forecast of 400.00 billion yen fell short of the estimated 417.45 billion yen.
  • Net income is also anticipated to be lower than expected at 237.00 billion yen, compared to the predicted 273.03 billion yen.
  • On a brighter note, net sales is projected to surpass the estimate of 5.11 trillion yen, attaining a value of 5.25 trillion yen.
  • The dividend forecast is less than the estimate at 145.00 yen, 7 yen short of the expected 152.00 yen.
  • For the fourth quarter results, operating income was recorded at 155.23 billion yen, a significant decrease of 36% year on year, yet still surpassing the estimated 106.25 billion yen significantly.
  • Net income of this period reduced by 42% year on year, amounting to 82.47 billion yen but overcoming the estimated 54.98 billion yen.
  • Net sales experienced a tiny dip of 2.7% year on year, tallying up to 1.45 trillion yen versus the estimated 1.28 trillion yen.
  • Firm currently holds recommendations of 7 buys, 4 holds, and no sells.

A look at Daiwa House Industry Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience2
Momentum4
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

DAIWA HOUSE INDUSTRY CO., LTD., a company that specializes in designing and constructing a wide range of buildings from residential homes to commercial structures, has received varying Smart Scores indicating its long-term outlook. With a solid score in Dividend and Growth, the company seems to be focused on rewarding shareholders and expanding its operations. Furthermore, a high Momentum score suggests positive market trends and investor interest. However, the lower Resilience score may indicate some vulnerability to economic fluctuations. Investors looking into Daiwa House Industry should consider these factors in their long-term investment strategies.

In summary, Daiwa House Industry appears to have a strong focus on dividends and growth potential, supported by positive momentum in the market. However, its resilience score is relatively lower, which could pose some risks during challenging economic conditions. As with any investment, potential investors should conduct thorough research and analysis to make informed decisions based on the company’s overall outlook and performance indicators.


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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KEPCO (015760) Earnings: 1Q Operating Profit Misses Estimates but Shares Rise

By | Earnings Alerts
  • Kepco’s operating profit for the first quarter was 1.30 trillion won, missing the estimated 2.53 trillion won.
  • There is a significant turnaround compared to the previous year, where they recorded a loss of 6.18 trillion won.
  • Net earnings were 561.46 billion won, less than the estimated forecast of 961.26 billion won.
  • Despite this shortfall, it still marks an improvement from the previous year’s loss of 4.95 trillion won.
  • Sales totaled at 23.29 trillion won, marking a 7.9% rise year on year.
  • This sales figure fell slightly short of the projected estimation of 23.68 trillion won.
  • Kepco shares saw an increase of 4.1%, bringing the price to 22,700 won.
  • During this period, 2.52 million shares were traded.
  • Market assessment for Kepco is predominantly positive – with 17 ‘buys’, 2 ‘holds’ and no ‘sells’.

A look at Korea Electric Power (KEPCO) Smart Scores

FactorScoreMagnitude
Value5
Dividend1
Growth2
Resilience2
Momentum5
OVERALL SMART SCORE3.0

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 analysis, Korea Electric Power Corporation (KEPCO) shows a promising long-term outlook. With a high Value score of 5, the company is perceived as offering good value for investors. Additionally, its strong Momentum score of 5 indicates positive market momentum, suggesting potential growth opportunities ahead. While the Dividend score is lower at 1, the Growth and Resilience scores of 2 each reflect moderate prospects in these areas. KEPCO’s diversified operations, including the generation, transmission, and distribution of electricity, combined with its focus on various power units in South Korea, position it favorably in the energy sector.

Overall, Korea Electric Power (KEPCO) demonstrates solid fundamentals as indicated by the Smartkarma Smart Scores. The company’s high Value and Momentum scores highlight its attractiveness for investors seeking long-term opportunities. Despite modest scores in Growth and Resilience, KEPCO’s established presence in the electricity market in South Korea provides a stable foundation for future growth. With a focus on hydro-power, thermal-power, and nuclear power units, KEPCO remains a key player in providing essential electricity services to the nation, further solidifying its position 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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Hyundai Dept Store Co (069960) Earnings: FY Operating Income Misses Estimates Amid Fluctuating Sales and Dividend

By | Earnings Alerts
  • Meiji HDS’s projected operating income for the fiscal year is 86.00 billion yen, which is lower than the estimated 87.24 billion yen.
  • The company predicts a net income of 50.00 billion yen, lower than the forecast of 56.59 billion yen.
  • Projected net sales are higher than expected, at 1.16 trillion yen compared to the 1.14 trillion yen estimate.
  • The estimated dividend is 100.00 yen, slightly above the estimated 98.13 yen.
  • In the fourth quarter, operating income was 14.61 billion yen, showing a year-over-year increase of 37%, and superseding the estimated 14.29 billion yen.
  • Net income in the fourth quarter fell by 74% year-over-year to a low of 5.73 billion yen.
  • Reflecting a year-over-year increase of 3.2%, net sales in the fourth quarter reached 272.49 billion yen, undershooting the estimate at 273.28 billion yen.
  • Among advisors, the company garnered 1 buy, 7 holds, and 2 sells.

A look at Hyundai Dept Store Co Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth2
Resilience3
Momentum4
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

Analysts at Smartkarma have provided insight into the long-term outlook for Hyundai Dept Store Co based on their Smart Scores. With a Value score of 5, Hyundai Dept Store Co is deemed to offer excellent value relative to its current price. Additionally, the company receives a solid Dividend score of 4, indicating a strong dividend payment record. While Growth scored lower at 2, suggesting moderate growth prospects, Hyundai Dept Store Co demonstrates Resilience with a score of 3, indicating its ability to withstand economic challenges. Momentum, with a score of 4, reflects the positive market sentiment towards the company’s stock.

Hyundai Department Store Co., Ltd. operates a network of department stores under the brand name Hyundai Department across the country. In addition to its retail operations, the company is involved in producing and selling merchandise through home shopping programs on cable channels. With a strong emphasis on value and dividends, coupled with favorable momentum in the market, Hyundai Dept Store Co presents a promising outlook for long-term investors.


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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NTT (9432) Earnings Update: Surpasses Estimates and Boosts FY Dividend Forecast

By | Earnings Alerts
  • The FY dividend forecast for NTT has been raised from 5.00 yen to 5.10 yen, beating the estimate of 5.04 yen.
  • The operating income is projected to be 1.81 trillion yen in 2025, falling short of the anticipated 2.04 trillion yen.
  • The net income is expected to be 1.10 trillion yen, less than the projected 1.3 trillion yen.
  • Net sales are forecast to reach 13.46 trillion yen, falling short of the anticipated 13.64 trillion yen.
  • The dividend is predicted to rise to 5.20 yen, under the estimate of 5.36 yen.
  • Fourth quarter results disclose an operating income of 436.72 billion yen, which did not meet the estimated 443.61 billion yen.
  • The net income for the fourth quarter was 268.41 billion yen, exceeding the expected 251.26 billion yen.
  • Fourth quarter net sales were at 3.66 trillion yen, surpassing the estimate of 3.54 trillion yen.
  • Current market assessments present 13 buys, 5 holds, and 1 sell for NTT.

A look at NTT (Nippon Telegraph & Telephone) Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth3
Resilience2
Momentum3
OVERALL SMART SCORE3.0

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

NTT (Nippon Telegraph & Telephone) is projected to have a solid long-term outlook based on the Smartkarma Smart Scores. With a strong Dividend score of 4, investors can expect consistent and attractive dividend payouts from the company. While the Value and Growth scores stand at 3, indicating a fair valuation and moderate growth prospects, the Momentum score of 3 suggests a stable performance trend for NTT. However, the Resilience score of 2 indicates a slightly lower ability to weather unforeseen challenges.

Nippon Telegraph & Telephone Corporation, a prominent player in the telecommunication industry, offers a range of services within Japan, including telephone, telegraph, data communication, and terminal equipment sales. With its overall Smartkarma Smart Scores reflecting a promising outlook, particularly in dividends and momentum, NTT appears to be well-positioned for long-term growth and stability in the telecommunications 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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Exceptional Earnings Forecast: Toyo Suisan Kaisha (2875) Beats Estimates with Hefty FY Operating Income

By | Earnings Alerts
  • Toyo Suisan’s operating income forecast is 72.00 billion yen, surpassing the estimated 66.21 billion yen.
  • THe net income is projected to be 59.00 billion yen, which beats the estimated 53.12 billion yen.
  • Net sales are expected to reach 510.00 billion yen, more than the estimate of 499.04 billion yen.
  • The dividend is estimated to be 170.00 yen, overcoming the estimate of 157.19 yen.
  • Fourth quarter results show an operating income of 18.69 billion yen. This is greater than both last year’s 8.45 billion yen and the estimated 12.91 billion yen.
  • The net income 15.75 billion yen has also shown an increase from the previous year’s 7.76 billion yen and beats the estimated 10.7 billion yen.
  • Net sales of 130.61 billion yen were reported in the fourth quarter, marking an 18% increase year-on-year, and exceeding the estimate of 125.2 billion yen.
  • The company’s performance has been favoured by analysts, with eight advising to buy and one to hold. There are no recommendations to sell.

Toyo Suisan Kaisha on Smartkarma

Analyst coverage of Toyo Suisan Kaisha on Smartkarma has been gaining traction, especially with the recent report by Oshadhi Kumarasiri. In the report titled “Toyo Suisan: Activist Advocates For Legacy Divestiture & More Capital for Global Expansion,” Nihon Global Growth Partners urges Toyo Suisan to make strategic changes. The firm recommends exiting low-return legacy businesses, increasing the payout ratio to 40%, and initiating a Β₯20bn share buyback. This move comes as a response to perceived over-concentration in legacy ventures that yield subpar returns, signaling potential shifts in Toyo Suisan’s growth strategy.

The insights presented by Oshadhi Kumarasiri shed light on activist investor sentiments surrounding Toyo Suisan Kaisha. With a bullish stance, the report advocates for a more aggressive approach to capital allocation and expansion. As Toyo Suisan emerges as a target for activist investors in Japan, the recommendations put forth aim to optimize the company’s performance and unlock shareholder value. This coverage on Smartkarma underscores the evolving dynamics within Toyo Suisan Kaisha and sets the stage for potential strategic transformations in response to investor advocacy.


A look at Toyo Suisan Kaisha Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience5
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

Analysts at Smartkarma have reviewed the Smart Scores for Toyo Suisan Kaisha, indicating a mixed outlook for the company. With a Value score of 2 and a Dividend score of 2, it suggests that the company may not be currently undervalued and may not offer significant dividend returns. However, Toyo Suisan Kaisha shines in terms of Growth, scoring a 4, indicating positive future growth potential. The company also excels in Resilience and Momentum, scoring 5 in both categories, showcasing strong capabilities to withstand economic challenges and maintain positive market momentum.

Overall, Toyo Suisan Kaisha, LTD., primarily involved in seafood processing and sales, as well as manufacturing various food products under the Maru-chan brand, displays a promising long-term outlook. Despite average Value and Dividend scores, the company’s strong Growth, Resilience, and Momentum scores position it well for future expansion and market performance.


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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Earnings Update: ASE Technology Holding (3711) Reports Robust April Sales of NT$45.82B, Analysts Weigh In

By | Earnings Alerts
  • ASE Technology reports a sales figure of NT$45.82 billion for April
  • Sales have increased by 5.8% when compared with the previous period
  • The majority consensus among investment analysts is to ‘buy’ with 12 recommendations
  • 7 analysts recommend to ‘hold’ the ASE technology stock
  • There are 2 recommendations to ‘sell’ the stock as per the latest data

ASE Technology Holding on Smartkarma

Analyst coverage on ASE Technology Holding by Patrick Liao on Smartkarma reveals a positive outlook for the company. In a recent report titled “1Q24F Results Were Better, and the Outlook for 2024F Was Very Positive,” Liao highlights the recovery across sectors since 1Q24, with expectations of growth in all product lines in 2H24F. The company has increased capex for 2024F to invest further in the testing business, aiming to target turnkey or testing customers. Additionally, strong performance is predicted for APT and UTR growth in the second half of 2024. Read more (Source: Patrick Liao on Smartkarma).

In another report titled “Expects 2Q24F Back to Normal Seasonality and 2H24 Will Start the Recovery,” Liao anticipates ASEH to complete inventory adjustments in the first half of 2024, paving the way for accelerated growth in the second half. The company expects IC-ATM to align with the semiconductor logic market and foresees most customers returning to a recovery path by at least 3Q24F. This positive sentiment is echoed in the company’s 2024F outlook, forecasting a low double-digit year-on-year growth. Find out more (Source: Patrick Liao on Smartkarma).


A look at ASE Technology Holding Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth3
Resilience3
Momentum4
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

Analysts evaluating the long-term prospects of ASE Technology Holding Co., Ltd. are optimistic, with a promising outlook based on the Smartkarma Smart Scores. The company has received a high score in Dividend, indicating strong dividend performance. Additionally, ASE Technology Holding scored well in Momentum, pointing to positive market momentum for the company. While Value and Growth scores are moderate, the company’s Resilience score is stable, reflecting its ability to withstand market challenges.

ASE Technology Holding Co., Ltd., based in Taiwan, specializes in providing assembly and testing services for semiconductors. The company’s offerings include outsourced assembly, semiconductor testing, packaging, and related services. With favorable scores in Dividend and Momentum, ASE Technology Holding appears well-positioned for long-term growth and stability 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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SBI Holdings (8473) Earnings Exceed Expectations: 4Q Net Income Surpasses Estimates

By | Earnings Alerts

SBI Holdings had a total net income of 27.63 billion yen in the fourth quarter, surpassing the estimated 20.16 billion yen.

• This estimate was derived from the predictions made and consolidated by two individual observers.

• On a yearly basis, SBI Holdings‘ net income stretched to 87.24 billion yen, also beating the estimated 79.63 billion yen.

• The financial performance of the company elicited positive responses from market analysts, with three recommending ‘Buy’, two maintaining ‘Hold’ position, and none suggesting to ‘Sell’ SBI Holdings‘ stocks.


A look at SBI Holdings Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth3
Resilience4
Momentum5
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

Based on the Smartkarma Smart Scores, SBI Holdings shows a promising long-term outlook with a strong overall performance. With high scores in Dividend and Momentum, indicating excellent dividends and positive market momentum, SBI Holdings demonstrates stability and growth potential. Its Value and Resilience scores further support its solid standing, reflecting a company with good intrinsic value and ability to weather market uncertainties. Although Growth score is slightly lower, the company’s focus on Internet-related ventures and financial services positions it well for future expansion and innovation.

SBI Holdings, Inc. is a company that manages a venture capital fund investing primarily in Internet-related ventures. Additionally, the company offers brokerage, investment banking, and financial services. With its impressive scores across key factors such as Dividend and Momentum, SBI Holdings appears to be a robust player in the market, well-positioned for long-term success and value creation for investors.


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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SBSP3 Earnings Review: Cia Saneamento Basico De Sp 1Q Net Income Fails to Meet Estimates

By | Earnings Alerts
  • Net income of Sabesp in the first quarter of 2024 was R$823.3 million, showing a 10% increase year over year (y/y).
  • The estimated net income had been R$964 million, thus the actual figures missed estimates.
  • Net operating revenue stood at R$6.55 billion, marking a 15% growth y/y.
  • Estimations for net operating revenue had been R$5.91 billion, so they exceeded estimates.
  • Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Ebitda) came in at R$2.43 billion which is an increase of 19% y/y.
  • The estimated Adjustment Ebitda was R$2.64 billion, so the figures reported were less than the estimated.
  • The Adjusted Ebitda margin is now at 37% which is up from 35.7% y/y.
  • The analysis of shares comprise of 13 buys, 3 holds and 0 sells.

A look at Cia Saneamento Basico De Sp Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth5
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

Analysts at Smartkarma have given Cia Saneamento Basico De Sp a promising long-term outlook based on their Smart Scores. With a Growth score of 5 and Momentum score of 5, the company is positioned for strong future expansion and performance in the market. Additionally, with a Value score of 3, the company is deemed to have a solid financial standing despite not being the highest in value. These factors indicate positive signals for potential investment in the company.

Cia Saneamento Basico De Sp, also known as Cia de Saneamento Basico do Estado de Sao Paulo (SABESP), is involved in water collection, treatment, and distribution. Its expertise also extends to the engineering and development of water distribution infrastructure and treatment systems. With a Resilience score of 3, the company is expected to withstand market fluctuations and challenges, providing stability for investors looking at the long-term prospects of the company.


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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Localiza Rent A Car Sa (RENT3) Earnings: An In-Depth Analysis of 1Q Net Debt and Fleet Size

By | Earnings Alerts
  • The net debt of Localiza stands at R$30.12 billion as per Q1 analysis.
  • The fleet size of Localiza is reported to be 627,127 vehicles.
  • There have been 12 buys and 4 holds towards Localiza’s stocks, with no sell-off reports.
  • A call is scheduled for May 10, in Sao Paulo time, without specific time mentioned.

A look at Localiza Rent A Car Sa Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth3
Resilience2
Momentum2
OVERALL SMART SCORE2.0

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 Smartkarma Smart Scores, Localiza Rent A Car SA shows a mixed long-term outlook. With a Growth score of 3, the company seems to have potential for expansion and development. However, its Value, Resilience, and Momentum scores are average, indicating some areas of improvement to sustain and increase its overall performance. The Dividend score being the lowest at 1 suggests that the company may not be as appealing for income-seeking investors.

Localiza Rent A Car SA is a car rental company operating in Brazil and Latin America primarily through airport locations. In addition to renting out automobiles, the company also engages in the sale of used cars and offers fleet management services. While the Growth score hints at potential for growth, the overall Smart Scores point towards a need for enhancement in various aspects to drive long-term success and profitability for Localiza.


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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OCBC Earnings Surge: 1Q Net Income Hits S$1.98B, Exceeding Estimates

By | Earnings Alerts

OCBC 1Q net income had a positive increase, reaching S$1.98 billion from S$1.88 billion in previous year.
• Net interest income, too, shared this positive trend and reached S$2.44 billion, over the estimate of S$2.36 billion.
• Non-interest income saw a notable increase of 17% to reach S$1.19 billion, going above the estimate of S$910.3 million.
• Total income jumped to S$3.63 billion, exceeding the estimate by S$210 million.
• Wealth management fees saw a 20% increase, adding to overall income generation.
• Non-performing loans ratio added a positive note with a dip to 1% compared to 1.1% of the earlier year.
• Common equity tier 1 ratio improved slightly from 15.9% to 16.2%.
• The total capital adequacy ratio retained its previous level of 18.4%.
• Net interest margin showed a small decrease to 2.27% from 2.3% of the previous year.
• The company has allocated S$169 million for allowances for loans and other assets, which is an increase of 54% from the previous year.
• For 2024, it is planning for low single-digit loan growth.
• The company expects a Net Interest Margin (NIM) at the higher end of 2.20% to 2.25% in 2024.
• Credit costs for 2024 is likely to hover between 20 to 25 Bps.
• It has set a dividend payout target ratio of 50% for 2024.
• All strategic initiatives are on track for 2024 objectives.
• Company expects to complete PT Bank Commonwealth Indonesia integration by year end.
• It anticipates key markets in Asia to be resilient as recent economic indicators look favourable. However, near-term risks remain, such as geopolitical volatility.
• 12% of the group loans are deployed to the CRE office sector, and these are largely secured.
• Total credit costs are at an annualized 16bps.


OCBC on Smartkarma

Analyst coverage of OCBC on Smartkarma reveals insights from Daniel Tabbush, indicating a bearish sentiment towards the company. In the research report titled “OCBC – Market Capitalization Rising, Unlike Peers | Insurance Is Lackluster | Credit Costs Seem Low,” Tabbush highlights concerns about OCBC‘s net interest income slowing down significantly, potentially leading to negative surprises in credit costs. Despite OCBC‘s market capitalization increasing by around 4% year-to-date, Tabbush notes that this positive trend is not in line with its peers, such as DBS and UOB, which have experienced declines in market capitalization. The analysis suggests a challenging outlook for OCBC, with areas like insurance profitability and associate profits showing declines.


A look at OCBC Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience3
Momentum5
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

Analysts utilizing the Smartkarma Smart Scores have painted a positive long-term outlook for Oversea-Chinese Banking Corporation Limited (OCBC). With a strong score of 4 for both Dividend and Growth, OCBC is seen as a company that not only provides attractive returns to shareholders but also has potential for expansion and development in the future. Additionally, OCBC received a top score of 5 for Momentum, indicating a favorable trend in the company’s stock performance and overall market sentiment.

While OCBC‘s scores for Value and Resilience are slightly lower at 3, the overall picture remains optimistic. The company’s diverse range of financial services, which includes deposit-taking, lending, investment banking, private banking, and more, positions it well to navigate various market conditions and continue delivering value to its stakeholders in the long term.

Summary: Oversea-Chinese Banking Corporation Limited is a comprehensive financial institution offering a wide array of services, ranging from deposit-taking to asset management. With solid scores across dividend, growth, momentum, and resilience, OCBC appears well-positioned for sustained success in the foreseeable future.


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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