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Smartkarma Newswire

Volvo Car AB (VOLCARB) Earnings: 1Q Revenue Misses Estimates Despite Positive Retail Sales Growth

By | Earnings Alerts
  • Volvo Car’s 1Q revenue came in below the estimates, at SEK93.88 billion instead of the projected SEK99.77 billion.
  • The operating income was SEK4.71 billion, falling short of the SEK5.95 billion estimate.
  • Retail sales were up by 12%.
  • The Ebit margin came in at 5%, below the 5.67% estimate.
  • Total sales volume equalled 182,700, slightly surpassing the estimated 182,046.
  • Europe retail sales volume was 89,700 units, higher than the estimated 87,631.
  • China’s retail sales volume came in slightly under the estimate, at 38,000 units compared to the projected 38,483.
  • In the US, retail sales volume was at 31,000 units, beating the 29,644 estimate.
  • Other regions had a retail sales volume of 24,100 units, falling short of the estimated 26,401.
  • Current market sentiment on Volvo is mixed with 3 buys, 9 holds, and 2 sells on record.

A look at Volvo Car AB Smart Scores

FactorScoreMagnitude
Value4
Dividend1
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

Volvo Car AB, a company that manufactures, designs, and supplies automobiles, has received varying scores across different factors indicating its overall outlook. With a high value score of 4, Volvo Car AB seems to be positioned well in terms of its financial standing and investment potential. However, its dividend score of 1 suggests that the company may not be as attractive in terms of dividend payouts for investors seeking steady income.

On the other hand, Volvo Car AB scores a respectable 4 for resilience, indicating its ability to weather economic uncertainties and challenges. Furthermore, with a momentum score of 5, the company appears to be gaining positive traction in the market. While the growth score of 3 suggests a moderate outlook for expansion, Volvo Car AB seems to be focusing on strengthening its position in the industry and maintaining a sustainable growth trajectory.

### Volvo Car AB manufactures, designs, and supplies automobiles. The Company offers a wide range of cars, trucks, and vans. Volvo Car serves customers worldwide. ###


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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Hanwha Ocean (042660) Earnings Surpass Expectations with 1Q Operating Profit Beating Estimates

By | Earnings Alerts
  • Hanwha Ocean Co Ltd reported an operating profit of 52.9 billion won in 1Q, defying estimates which projected a loss of 1.05 billion won.
  • The net profit was recorded at 51.0 billion won, again surpassing estimates which anticipated an 8.8 billion won loss.
  • Sales surpassed estimates as well, reaching 2.28 trillion won in comparison to the estimated 2.22 trillion won.
  • Analysts’ recommendations include 12 buys, 3 holds, and 3 sells of this company’s shares.

Hanwha Ocean on Smartkarma

Analyst coverage of Hanwha Ocean on Smartkarma reveals insights from Sanghyun Park, who adopts a bearish stance in their recent report titled “What Should We Do About the Futures Basis Spread Caused by Hanwha Ocean’s Rights Offering?” Park’s analysis delves into trading strategies aligned with the futures basis spread generated by Hanwha Ocean’s rights offering, highlighting a key date this Friday, the 24th of November. Drawing parallels to a similar occurrence during Korean Air’s rights offering in 2020, Park suggests potential profitability if the spot price remains above the futures price until the specified date. The report further notes a consistent trend where the spread persists until new share selling possibilities emerge.


A look at Hanwha Ocean Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth2
Resilience2
Momentum5
OVERALL SMART SCORE2.4

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

Analysts using Smartkarma Smart Scores provide a mixed outlook for Hanwha Ocean Co., Ltd., a company operating in shipbuilding and offshore services. With a Value score of 2, Growth at 2, and Resilience also at 2, the company seems to face challenges in these areas. However, it excels in Momentum with a score of 5, indicating strong positive market momentum.

Despite facing obstacles in terms of value, growth, and resilience, Hanwha Ocean’s excellent momentum score suggests that the company may be well-positioned for future success. As a shipbuilding and offshore company offering a range of manufacturing services for vessels, including specialty vessels, gas carriers, and warships, Hanwha Ocean remains a key player in the industry, with potential for growth and development in the long term.


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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Norsk Hydro ASA (NHY) Exceeds Earnings Estimates with 1Q Adjusted Ebitda: An Analysis

By | Earnings Alerts
Norsk Hydro’s 1Q Adjusted Ebitda:

  • Norsk Hydro’s Adjusted Ebitda at NOK5.41 billion, overshooting the estimated NOK5.15 billion.
  • The Bauxite and Alumina section saw a slightly lower than expected Adjusted Ebitda, NOK804 million which was less than the estimated NOK817.4 million.
  • The Aluminum Metal Adjusted Ebitda figures also recorded an underestimation with NOK1.97 billion against the expectation of NOK2.27 billion.
  • Metal Markets experienced a slightly above the expected Adjusted Ebitda with NOK269 million, which was above the NOK264.7 million estimate.
  • The Extrusions section also recorded less than estimated Adjusted Ebitda figures at NOK1.44 billion below the NOK1.62 billion estimate.
  • Energy overshooted expectations with an Adjusted Ebitda of NOK1.15 billion against an estimate NOK1.03 billion.
  • Adjusted Ebit figures for Norsk Hydro came to NOK2.97 billion, also witnessing a shortfall when compared to the NOK3.03 billion estimate.

Analysts’ Consensus:

  • Out of the consulted analysts, 11 placed “buy” ratings, 8 settled with the “hold” rating, while 2 suggested “sell”.

A look at Norsk Hydro ASA Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth3
Resilience4
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

When looking at the Smartkarma Smart Scores for Norsk Hydro ASA, which rates the company on various factors, including Value, Dividend, Growth, Resilience, and Momentum, a positive outlook can be gleaned. With a high Dividend score of 5, Norsk Hydro ASA appears to be a strong contender for investors seeking regular income from their investments. Additionally, the company shows resilience with a score of 4, indicating its ability to withstand market challenges. Furthermore, with favorable scores in Growth and Momentum, Norsk Hydro ASA seems to have potential for expansion and sustained performance in the long term.

Overall, Norsk Hydro ASA, a supplier of aluminum and aluminum products specializing in a range of industrial applications, presents a promising outlook. With a solid foundation in providing products for automotive, transport, building systems, casthouse, extruded products, rolled products, and wire rod sectors, the company demonstrates diversity and versatility in its offerings. The combination of strong dividends, growth potential, and market resilience positions Norsk Hydro ASA well for investors looking for a stable and potentially rewarding long-term investment.


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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Svenska Handelsbanken AB (SHBA) Earnings Update: 1Q Net Interest Income Falls Short of Expectations

By | Earnings Alerts
  • Handelsbanken’s 1Q net interest income missed estimates, closing at SEK11.59 billion instead of the estimated SEK11.98 billion.
  • Sweden’s net interest income came in at SEK7.39 billion, below the estimated SEK7.8 billion.
  • The UK reported a net interest income of SEK2.63 billion, falling short of the estimated SEK2.72 billion.
  • Norway’s net interest income was SEK1.20 billion, slightly under the estimated SEK1.22 billion.
  • The bank’s net fee and commission income also fell short, closing at SEK2.75 billion against the estimated SEK2.84 billion.
  • Net income was SEK6.60 billion, just beneath the estimated SEK6.75 billion.
  • Total expenses overshoot the estimated SEK 6.09 billion to settle at SEK6.47 billion.
  • Common equity Tier 1 ratio movement was minimal, realised at 18.8% instead of the estimated 18.9%.
  • The Cost to Income Ratio is recorded at 42.2%.
  • Operating profit was SEK8.27 billion, below the estimated SEK9.32 billion.
  • Sweden’s operating profit after profit allocation was SEK6.50 billion, almost matching the estimate of SEK6.51 billion.
  • The UK’s operating profit after profit allocation was SEK1.41 billion, missing the estimated SEK1.59 billion.
  • Norway’s operating profit after profit allocation was SEK537 million.
  • Total income was SEK15.32 billion, just under the estimated SEK15.41 billion.
  • Sweden reported a total income of SEK9.96 billion, short of the estimated SEK10.15 billion.
  • The UK’s total income was slightly off the estimated SEK3 billion at SEK2.89 billion.
  • Norway reported a total income of SEK1.38 billion, not reaching the estimated SEK1.41 billion.
  • Historically, the bank’s stocks display a balanced mix of recommendations with 8 buys, 8 holds and 8 sells.

A look at Svenska Handelsbanken AB Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience2
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

Based on the Smartkarma Smart Scores, Svenska Handelsbanken AB seems to have a promising long-term outlook. With solid scores in Value, Growth, and Momentum, the company is positioned well for future growth and profitability. Its high Dividend score indicates a strong commitment to rewarding investors, while the lower Resilience score suggests some vulnerability to market fluctuations. Overall, Svenska Handelsbanken AB appears to be a competitive player in the banking sector.

Svenska Handelsbanken AB attracts deposits and offers a wide range of commercial banking services, including corporate finance, securities brokerage, and asset management. Operating in Europe, Asia, and the United States, the bank has established a significant presence in key markets. With a focus on value, growth, and momentum, Svenska Handelsbanken AB is positioned to continue its growth trajectory and deliver value to both customers and 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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Surpassing Expectations: HKEX (388) Earnings Report Shows 1Q Net Income Beat Estimates

By | Earnings Alerts
  • HKEX has posted a higher than expected net income in its first quarter earnings. The net income stands at HK$2.97 billion, surpassing the estimated HK$2.81 billion.
  • Revenue and other income for the quarter also exceeded predictions. HKEX reported a total of HK$5.20 billion, over the estimated HK$4.97 billion.
  • The Ebitda for the first quarter came in at HK$3.71 billion, outstripping the estimated HK$3.6 billion, based on two estimates.
  • On a day-to-day basis, HKEX processed an average of 8.55 million derivative contracts traded.
  • The analysis of HKEX‘s performance resulted in 26 buy recommendations, 3 hold recommendations and 2 sell recommendations.

HKEX on Smartkarma

Analysis by Daniel Tabbush on Smartkarma indicates a bearish sentiment towards Hong Kong Exchanges (HKEX). Tabbush highlights that a significant portion of HKEX‘s profit came from rising rates on cash deposits, which may reverse. Additionally, lower taxation has artificially inflated profit, with geopolitical risks and economic challenges in Hong Kong and China potentially dampening market interest. Tabbush questions the validity of HKEX‘s 6x price-to-book ratio in light of these concerns.

In a separate report, Brian Freitas also expresses a bearish view on HKEX, suggesting that worsening property transactions in Hong Kong reflect broader issues in the financial center. Freitas points out that Singapore Exchange (SGX) may present a more stable alternative to HKEX, with a stronger earnings outlook and higher return on equity. The analysis compares key financial metrics between the two exchanges, indicating a more favorable stance towards SGX over HKEX.


A look at HKEX Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience5
Momentum3
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, Hong Kong Exchanges & Clearing Limited (HKEX) shows a promising long-term outlook. With a high Resilience score, indicating its ability to weather economic uncertainties and market fluctuations, HKEX is well-positioned to navigate challenging times. Additionally, the Growth score highlights the company’s potential for expansion and development in the future, showcasing a positive trajectory for investors.

Furthermore, HKEX‘s respectable Dividend score signifies a solid track record of distributing dividends to shareholders, enhancing its attractiveness for income-focused investors. Combined with a moderate Momentum score, suggesting a steady performance trend, HKEX presents itself as a compelling investment opportunity in the stock market. Overall, HKEX‘s unique position as the owner and operator of key exchanges in Hong Kong reinforces its significance in the financial 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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Aker BP ASA (AKRBP) Earnings Surpass Expectations with First Quarter Revenue and Ebitda Hit Estimates

By | Earnings Alerts
  • Aker BP 1Q revenue stands at $3.08 billion, matching the estimated value of $3.05 billion.
  • The Ebitda reported is at $2.79 billion, surpassing the estimated value of $2.68 billion.
  • The Ebit is at $2.19 billion.
  • The pre-tax income generated is at $2.09 billion, slightly higher than the estimated $2.07 billion.
  • A dividend per share of 60 cents has been declared.
  • The production cost per boe is $6.10, which is less than the estimated cost of $6.85.
  • Exploration expenses incurred are $68.2 million, lesser than the estimated $82.7 million.
  • The EPS is at 84 cents, higher than the estimated EPS of 73 cents.
  • The company’s net debt stands at $3.23 billion.
  • Average production calculated is 448,000 boe/d, higher than the estimated production of 438,143 boe/d.
  • There have been 13 buys, 10 holds, and 1 sell of Aker BP’s stock.

A look at Aker BP ASA Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth5
Resilience4
Momentum3
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

Aker BP ASA, an oil and gas exploration and production company operating mainly on the Norwegian Shelf, is poised for a favorable long-term outlook according to the Smartkarma Smart Scores. With top scores in Dividend and Growth, the company demonstrates strong potential for investor returns and expansion. Additionally, its high marks in Value and Resilience highlight a solid foundation and ability to weather market fluctuations. While Momentum scores slightly lower, the overall outlook for Aker BP ASA appears promising, making it a company to watch in the energy sector.

Aker BP ASA‘s impressive performance in the Smartkarma Smart Scores underscores its position as a robust player in the oil and gas industry. Emphasizing exploration and production, the company’s focus on petroleum resources on the Norwegian Shelf aligns with its strategic growth initiatives. With strong ratings across key factors such as Dividend, Growth, Value, and Resilience, Aker BP ASA stands out as a company with sound fundamentals and potential for sustained success in the long term, positioning it as an attractive option for investors seeking opportunities 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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China Overseas Land & Investment (688) Reports 14% Increase in 1Q Earnings; Industry-Low Net Gearing and Borrowing Costs Maintained

By | Earnings Alerts
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  • China Overseas Land reported a Q1 revenue of 36.5 billion yuan, marking a 14% increase from the same time period last year.
  • The operating profit of the company stood at 6.65 billion yuan, increasing slightly by 0.2% from the previous year.
  • Together with its associates and joint ventures, the group realized contracted property sales of 60.21 billion yuan.
  • The sales area corresponding to this revenue was 2.02 million square meters in Q1 2024.
  • The Group’s net gearing and borrowing costs have been maintained at an industry-low level.
  • 35 investment analysts recommended buying the company’s stocks, while none recommended holding or selling.
  • The comparisons to past results are based on values reported by the company from its original disclosures.

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A look at China Overseas Land & Investment Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience3
Momentum3
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

China Overseas Land & Investment Limited, a company that provides real estate services with a global customer base, is forecasted to have a positive long-term outlook based on Smartkarma Smart Scores. With a strong Value and Dividend score of 4 each, China Overseas Land & Investment demonstrates solid financial health and attractive return potential for investors. Although the Growth, Resilience, and Momentum scores are slightly lower at 3, indicating room for improvement in terms of growth opportunities and market performance, the overall outlook remains favorable for the company’s future prospects.

In summary, China Overseas Land & Investment Limited is positioned well within the real estate sector, with a reputable track record in developing, managing, and investing in commercial properties. The company’s high scores in Value and Dividend highlight its stability and income potential, while areas like Growth, Resilience, and Momentum suggest potential for enhancements that could further strengthen its position in the market over the long term.


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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Atlas Arteria (ALX) Earnings Report: Quarter 1 Shows Increased Toll Revenue Despite Traffic Decline

By | Earnings Alerts

  • Atlas Arteria reports 1Q Weighted Average Toll Revenue Year/Year increase of 2.9%.
  • The company experienced a slight decrease in Weighted Average Traffic Year/Year by 0.7%.
  • The fluctuation in year-on-year measurements is primarily due to weaker traffic performance at APRR following farmers’ strikes in France. These protests led to both road closures and motorway blockades for two weeks.
  • Despite lower traffic numbers than the previous year, the Chicago Skyway toll revenue saw an increase due to higher toll rates being implemented.
  • Based on the performance data, the consensus analyst rating for Atlas Arteria is mixed: 1 buy, 8 holds, and 2 sells.


A look at Atlas Arteria Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience3
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

Atlas Arteria Limited, an infrastructure developer and operator, has garnered positive feedback from the Smartkarma Smart Scores system, with high ratings in dividend, value, and growth. The company’s robust dividend score of 5 reflects its strong performance in rewarding its shareholders. With a value score of 4, Atlas Arteria showcases promising investment potential based on its current market position. Additionally, a growth score of 4 indicates a positive outlook for the company’s expansion and development projects.

Despite lower scores in resilience and momentum, with ratings of 3 each, Atlas Arteria remains well-positioned for long-term success in the infrastructure sector. The company’s global outreach and focus on constructing highways, roads, bridges, and tunnels contribute to its overall stability. Investors may find Atlas Arteria an attractive prospect for consistent dividends, growth opportunities, and solid value in the infrastructure market.


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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ASM Pacific Technology (522) Earnings Outperform Estimates with 1Q Net Income Triumph

By | Earnings Alerts
  • ASMPT Ltd’s net income for the first quarter stands at HK$179.9 million, which is a drop of 43% from last year. Despite this, it surpasses the estimate of HK$159.8 million.
  • Total revenue for the first quarter came out to HK$3.14 billion, a 20% decrease year on year (y/y), slightly below the estimate of HK$3.17 billion.
  • Semiconductor solutions contributed to the revenue with HK$1.38 billion, though this is an 11% y/y decrease. This is also lower than the estimated HK$1.45 billion.
  • Surface mount technology solutions generated revenue of HK$1.76 billion, down by 26% y/y, which beats the estimate of HK$1.69 billion.
  • The expenses for Research and Development (R&D) were recorded at HK$458.7 million, a decrease of 5.6% y/y, which is lower than the estimate of HK$466.1 million.
  • The gross margin for ASMPT Ltd improved to 41.9% from last year’s 40.4%. It is also higher than the estimated figure of 40.1%.
  • For the second quarter, ASMPT Ltd expects a revenue of between $380 million to $440 million, which is below the estimated $470.8 million.
  • Analysts’ ratings for ASMPT Ltd shares included 19 buys, 4 holds, and 1 sell.

A look at ASM Pacific Technology Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth3
Resilience4
Momentum5
OVERALL SMART SCORE3.2

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

ASM Pacific Technology Limited, a leading manufacturer of semiconductor back end equipment, is poised for a promising long-term outlook based on the Smartkarma Smart Scores. With a strong momentum score of 5, the company demonstrates excellent potential for growth and performance in the future. Additionally, ASM Pacific Technology‘s high resilience score of 4 indicates its ability to withstand market fluctuations, providing stability to investors. While the value and dividend scores are moderate at 2, the growth score of 3 reflects opportunities for expansion and development within the industry.

Specializing in the production of assembly equipment, packaging equipment, and surface mount technology equipment, ASM Pacific Technology caters to various sectors including microelectronics, semiconductor, and optoelectronics. The company’s diversified product range positions it well for continued success in the evolving semiconductor market. By scoring favorably in key areas such as momentum and resilience, ASM Pacific Technology stands out as a reliable and forward-looking investment option for those eyeing long-term growth potential.


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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Fortescue Metals (FMG) Earnings Highlight: 3Q Iron Ore Shipments at 43.3M tons Amid Solid Financial Performance

By | Earnings Alerts
  • Fortescue reported iron ore shipments totaling 43.3 million tons in the 3rd Quarter.
  • The average revenue per dry metric ton (dmt) of Pilbara Hematite stands at $104.48.
  • Ore mining for the company totaled 46.6 million tons.
  • The company holds a cash balance of $4.1 billion.
  • Net debt was recorded to be $1.2 billion.
  • The C1 cost per wet metric ton (wmt) of Pilbara Hematite was $18.93.
  • Currently, Fortescue has 0 buys, 5 holds, and 10 sells.

Fortescue Metals on Smartkarma

Analyst coverage of Fortescue Metals on Smartkarma by Sameer Taneja highlights a cautious stance with a bearish lean. In the report titled “Fortescue Metals (FMG AU): 8% Yield At Spot Price With Risks, Wait For Better Entry Point,” Taneja points out that Fortescue is trading at 9.6x PE on the current spot price of 130 USD/ton with a 7% dividend yield. The analyst suggests waiting for a better entry point due to potential risks related to iron ore corrections, share price fluctuations, and challenges in green energy initiatives to achieve zero emissions. Despite Fortescue’s attractive dividend yield in the 8-10% range for commodities, Taneja advises a cautious approach.


A look at Fortescue Metals Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth3
Resilience3
Momentum3
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

According to Smartkarma Smart Scores, Fortescue Metals Group Ltd. is rated highly for its dividend with a score of 5. This indicates a positive outlook for investors looking for steady income from their investments. Additionally, the company scores well in areas of resilience, growth, and momentum, all receiving scores of 3. This suggests that Fortescue Metals is positioned to weather market fluctuations and has potential for growth and positive momentum.

While Fortescue Metals Group Ltd. may not score as high in terms of value compared to other factors, with a score of 3, its strong performance in dividend, along with decent scores in growth, resilience, and momentum, paint a favorable long-term outlook for the company. With its primary focus on exploring and producing iron ore globally, Fortescue Metals shows promise for investors seeking stable returns and potential growth opportunities in the mining 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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