In today’s briefing:
- HK Connect SOUTHBOUND Flows (To 15 Nov 2024); Tech Bought, High-Div SOEs Sold or Ignored, Again
- Weekly Deals Digest (17 Nov) – Seven & I, Fuji Soft, Nishimoto, Macromill, CPMC, KEPCO, SF Holding
- Last Week in Event SPACE: Seven & I, PA Gooddoctor, Nec Networks, Genscript/Legend, ASM PT, Hanwha
- Toyota Motor Corporation: Their Adaptation & Strategy in the Chinese Market Driving Our ‘Buy’ Rating! – Major Drivers
- Johnson Controls: These Are The 7 Biggest Factors Impacting Its Performance In 2025 &Beyond! – Major Drivers
- MercadoLibre Inc.: How Are They Successfully Tackling Supply Chain and Fulfillment Challenges? – Major Drivers
- Performance Food Group Company: Will Its Enhanced Focus on Digital Ordering Tools Pay Off? – Major Drivers
- How Wynn Resorts is Revolutionizing Global Gaming with Strategic Expansion Projects! – Major Drivers
- CVS Health Corporation: Expansion & Optimization of Health Services As A Critical Factor Driving Growth! – Major Drivers
- Duolingo Inc.: Leveraging AI & User Engagement For A Competitive Edge! – Major Drivers
HK Connect SOUTHBOUND Flows (To 15 Nov 2024); Tech Bought, High-Div SOEs Sold or Ignored, Again
- SOUTHBOUND gross trading activity still high. Net buying very strong. 7 names traded more than US$1bn. Last week I said tech would continue to be bought. It was.
- The trend continues to net sales of ETFs and high div SOEs. Net buying is very, very broad-based. Tracker Fund of Hong Kong (2800 HK) is batted around like crazy.
- I expect HK-listed tech to continue getting bought. Alibaba, Tencent, Xiaomi, etc are safe havens against Trump tariffs as they don’t compete in the US.
Weekly Deals Digest (17 Nov) – Seven & I, Fuji Soft, Nishimoto, Macromill, CPMC, KEPCO, SF Holding
- A weekly summary of key developments across ECM and Event-Driven names tracked by us across Hong Kong, Australia, New Zealand, Singapore, Japan, Indonesia, Malaysia, Thailand, Korea, India and Chinese ADRs.
- ECM developments: S.F. Holding (002352 CH) is premarketing an H Share listing to raise US$1.0-1.5 billion, Kansai Electric Power (9503 JP)‘s US$3.5 billion placement.
- Event-Driven developments: Seven & I Holdings (3382 JP), Fuji Soft Inc (9749 JP), Nishimoto (9260 JP), Macromill, Inc (3978 JP), Agro Kanesho (4955 JP), Renewable Japan (9522 JP), CPMC.
Last Week in Event SPACE: Seven & I, PA Gooddoctor, Nec Networks, Genscript/Legend, ASM PT, Hanwha
- There are people who’ll take profit in Seven & I (3382 JP) because of path dependency til year-end. It will drag out a while: buy the dips, trim on pops.
- Just like in Lufax Holding (6623 HK)‘s special dividend, expect Ping An to boost its holding in Ping An Healthcare and Technology (1833 HK) via the stealthy scrip dividend option.
- The landscape for Nec Networks & System Integr (1973 JP) has FULLY changed. The details now matter quite a bit. NEC has two basic choices. Neither are that palatable.
Toyota Motor Corporation: Their Adaptation & Strategy in the Chinese Market Driving Our ‘Buy’ Rating! – Major Drivers
- Toyota Motor Corporation has announced its fiscal year 2025 second-quarter financial results.
- The company achieved an operating income of JPY 2.4642 trillion for the first half of the fiscal year, which was maintained close to the previous year despite some setbacks in production and increases in expenses.
- While sales revenue touched JPY 23.2824 trillion, the net income of JPY 1.9071 trillion saw a significant decrease from the prior year, primarily due to exchange rate fluctuations which caused valuation losses in foreign currency assets.
Johnson Controls: These Are The 7 Biggest Factors Impacting Its Performance In 2025 &Beyond! – Major Drivers
- The Johnson Controls International plc (JCI) fourth-quarter fiscal 2024 earnings revealed significant insights into the company’s performance and strategic direction.
- Here is an analysis considering both the positive and negative aspects.
- The positive highlights include strong financial performance and strategic advancements.
MercadoLibre Inc.: How Are They Successfully Tackling Supply Chain and Fulfillment Challenges? – Major Drivers
- MercadoLibre reported robust financial results for the third quarter of 2024, showcasing strong performance across its e-commerce and fintech sectors in Latin America.
- The company’s gross merchandise volume (GMV) saw significant growth, with Brazil witnessing a 34% increase year-on-year and Mexico a 27% rise.
- Moreover, the company made substantial gains in market share in these key countries.
Performance Food Group Company: Will Its Enhanced Focus on Digital Ordering Tools Pay Off? – Major Drivers
- Performance Food Group’s (PFG) recent earnings conference call revealed several key developments and financial results for the first quarter of the fiscal year 2025.
- The call focused on strategic acquisitions, financial performance, and market conditions affecting the company.In terms of acquisitions, PFG completed two significant deals: purchasing Jose Santiago, a leading foodservice distributor in Puerto Rico, and Cheney Brothers, a major player in the Southeast U.S. foodservice market.
- The integration of Jose Santiago has been smooth, with the company already positively contributing to PFG’s results.
How Wynn Resorts is Revolutionizing Global Gaming with Strategic Expansion Projects! – Major Drivers
- In the recent results, Wynn Resorts reported mixed performance across its key markets during the third quarter of 2024.
- In Las Vegas, the company faced challenging comparisons from the previous year but managed to increase normalized revenue by 1%.
- The gaming segment, however, saw a dip in table drop, which the management attributed to high-end consumer segment volatility rather than any structural issues.
CVS Health Corporation: Expansion & Optimization of Health Services As A Critical Factor Driving Growth! – Major Drivers
- CVS Health’s recent third-quarter 2024 earnings report presents a multifaceted view of the company’s performance and strategic direction.
- The company’s revenue reached approximately $95.4 billion, marking a 6% increase from the previous year.
- However, the adjusted earnings per share (EPS) of $1.09 indicate challenges, particularly within the Health Care Benefits (HCB) segment.
Duolingo Inc.: Leveraging AI & User Engagement For A Competitive Edge! – Major Drivers
- Duolingo, a prominent player in the online language learning space, has reported its financial results for the third quarter of 2024, outlining both strengths and areas to watch.
- The company demonstrated robust growth in key metrics, including a 54% year-over-year increase in daily active users (DAUs), with its Family Plan onboarding 21% of its subscriber base.
- This impressive user growth, particularly after a high growth rate in previous years, suggests that Duolingo continues to successfully engage its expanding user base.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
