In today’s briefing:
- Ansell Ltd (ANN AU): Macro Headwind to Negatively Impact Near-Term Financial Performance
- Vection Technologies – Integrating with ChatGPT to enable intelligent VR
Ansell Ltd (ANN AU): Macro Headwind to Negatively Impact Near-Term Financial Performance
- Ansell Ltd (ANN AU) reported weak H1FY23 result. Strong growth in industrial more than offset by lower healthcare sales leading to 11.5% overall revenue decline on an organic constant currency-basis.
- Healthcare business sales declined 21.9% YoY on an organic constant currency-basis, mainly dragged by a 38% YoY decline in examination/single-use glove revenue with reductions in both price and volume.
- Ansell has revised FY23 EPS guidance downward to $1.10–1.20 (down 21% YoY at mid-point) from $1.15–1.35 earlier, reflecting market condition in healthcare GBU.
Vection Technologies – Integrating with ChatGPT to enable intelligent VR
Vection Technologies recently announced the integration of ChatGPT into its flagship product, 3D Frame, enabling the creation of an artificial intelligence (AI) assistant within three dimensional (3D) and virtual reality (VR) environments. We believe this is a good example of an enterprise quickly integrating third-party AI to deliver a significant enhancement to its existing products within a timescale (and budget) that was unimaginable 12 months ago.
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