In today’s briefing:
- Prime Target for Flow Trading Due to Low Pre-Exposure in December KOSPI 200 Rebalancing
- Eicher Motors (EIM IN) | Competitive Position Strengthening
- As a Group, Typical SHEIN & Temu Users in the US Lack Political Clout; Why It Matters
- Lalatech Holdings Pre-IPO – Refiling Updates – Growth and Profit Pickup but Valuation Gap Remains
- [Week 6] Namaste India 🙏 | TTAN’s Glittery Update and Earnings Workbook
- NIKE Inc.: Zooming Into The Success Of Their D2C Marketplace Model & New Innovations! – Major Drivers
- Walgreens Boots Alliance Inc.: Decoding Their Strategic Response to Changing Market Trends! – Major Drivers
- Darden Restaurants Inc.: Exploring Their Innovative Approach to Boosting Brand Equity! – Major Drivers
- Technical Analysis on HOME DEPOT INC. | August 25, 2023
- Inretail Consumer – ESG Report – Lucror Analytics
Prime Target for Flow Trading Due to Low Pre-Exposure in December KOSPI 200 Rebalancing
- Posco DX’s KOSPI 200 fast entry effective date will likely coincide with the December regular rebalancing date.
- We should focus on the ad-hoc change deletion as we can expect more pronounced price impact near the effective date due to lower chances of premature exposure than regular reviews.
- The following three candidates are screened: K Car, Daesang Corporation, and Shinsegae International. They are all likely to exhibit a significant passive impact (x ADTV).
Eicher Motors (EIM IN) | Competitive Position Strengthening
- Our dealer checks across a couple of Eicher Motors (EIM IN) and Bajaj Auto Ltd (BJAUT IN) dealerships indicate a strengthening competitive position for Royal Enfield.
- After the initial hype, customers are now shifting back to Royal Enfield.
- As competition ramps up production, we continue to believe that the market will expand, and there will be no fight for market share.
As a Group, Typical SHEIN & Temu Users in the US Lack Political Clout; Why It Matters
- US users of the popular SHEIN and Temu shopping apps tend to be relatively young
- Compared to older Americans, younger Americans (18-34) tend to have less political clout
- What does this mean for SHEIN and Temu, and how will they respond to political challenges?
Lalatech Holdings Pre-IPO – Refiling Updates – Growth and Profit Pickup but Valuation Gap Remains
- Lalatech Holdings Co Ltd (LALA HK) is looking to raise about US$1bn in its upcoming HK IPO.
- Lalatech operates via a marketplace model serving merchants and carriers. Its platform facilitates closed-loop transactions from online shipping order booking to intelligent order matching, and automated dispatching to after-sale services.
- We have looked at the company’s past performance in our earlier notes. In this note we will talk about the updates from its refiling.
[Week 6] Namaste India 🙏 | TTAN’s Glittery Update and Earnings Workbook
- The index seems to be finding support at 19,500 for the second consecutive week. Bullish momentum could resume when we close above 19,800 on the NIFTY Index (NIFTY INDEX) .
- Names discussed include Titan Co Ltd (TTAN IN), Maruti Suzuki India (MSIL IN) and Metro Brands (METROBRA IN).
- We also introduce the Earnings Diary which will be part of the publication, tracking estimates and narratives around over coverage.
NIKE Inc.: Zooming Into The Success Of Their D2C Marketplace Model & New Innovations! – Major Drivers
- Nike Inc. delivered a mixed set of results for the previous quarter, with revenues below the analyst consensus.
- The company managed a decent growth amidst various challenges over recent years, including societal, geopolitical, global health issues, and supply chain disruptions.
- With revenues increasing from $39 billion in fiscal 2019 to over $50 billion, Nike’s growth rate surpasses the overall industry.
Walgreens Boots Alliance Inc.: Decoding Their Strategic Response to Changing Market Trends! – Major Drivers
- Walgreens Boots Alliance, Inc. delivered mixed results for the previous quarter, with revenues above analyst expectations but below-par earnings.
- Walgreens’s quarter was marked by solid sales growth and a return to adjusted earnings growth.
- The main part of this plan is the launch of “Walgreens Health,” a technology-enabled care model that will give people in local communities more personalized health care.
Darden Restaurants Inc.: Exploring Their Innovative Approach to Boosting Brand Equity! – Major Drivers
- Darden Restaurants, Inc. delivered a mixed set of results in its most recent results, with revenues falling short of Wall Street expectations but above-par earnings.
- This growth highlights the company’s ability to drive profitable sales through a solid business model and unwavering strategy.
- To fortify its brands, Darden Restaurants highlights its unique qualities through marketing initiatives that elevate brand equity, prioritize simplicity in execution, and maintain profitability.
Technical Analysis on HOME DEPOT INC. | August 25, 2023
- The Home Depot, Inc. operates as a home improvement retailer.
- It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products.
- It also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows. In addition, it provides tool and equipment rental services.
Inretail Consumer – ESG Report – Lucror Analytics
- Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
- We view InRetail Consumer’s ESG as “Adequate”, in line with its Environmental, Social and Governance scores. Controversies are “Immaterial” and Disclosure is “Adequate”.
- Our assessments are based on the sustainability report by parent InRetail Peru Corp, which discloses ESG-related information on a consolidated basis, with some details for its bond-issuing credit pools InRetail Consumer and InRetail RE.
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