In today’s briefing:
- Last Week in Event SPACE: S.M.Entertainment, Adani Group, Star Entertainment, Dai Nippon, Citizen
- ECM Weekly (19th Feb 2023) – Rakuten Bank, ZJLD, REPT, Link REIT, SoCar, Ryman, Indigo, ESR, Oasis
- Toyota Motor Corporation: Major Drivers
- Ford Motor Company: F1 Return In Collaboration With Red Bull & Other Developments
- The Hershey Company: Major Drivers
- Philip Morris International Inc.: Extended Long-Term Agreement With KT&G & Other Drivers
Last Week in Event SPACE: S.M.Entertainment, Adani Group, Star Entertainment, Dai Nippon, Citizen
- S.M.Entertainment Co (041510 KS) is trading through the partial offer terms as HYBE (352820 KS) and Kakao Corp (035720 KS) jostle for control.
- The political noise around the Adani Group situation will continue to be significant. Part of India believes this is a hatchet job against PM Modi and the BJP.
- Star Entertainment Group (SGR AU) is an extraordinarily toxic company. But just how much negative news is already baked into the share price?
ECM Weekly (19th Feb 2023) – Rakuten Bank, ZJLD, REPT, Link REIT, SoCar, Ryman, Indigo, ESR, Oasis
- Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
- On the IPO front, Pertamina Geothermal is set to make its debut in the coming week.
- Placements picked up pace this week, with multiple deals across geographies.
Toyota Motor Corporation: Major Drivers
- Toyota delivered strong set of results in the quarter despite the changing business environment especially given the company lagging behind in the global shift to EVs.
- The company’s focus on hybrid vehicles and its avoidance of shifting to EVs is hurting its market share immensely in many key markets.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
Ford Motor Company: F1 Return In Collaboration With Red Bull & Other Developments
- Ford Motor delivered a disappointing result in the last quarter.
- The performance was below the expectation of the management as well as Wall Street and its industrial performance was not up to the mark.
- However, Ford’s balance sheet liquidity stays strong, and the ability of the company to generate free cash flow has improved.
The Hershey Company: Major Drivers
- Hershey ended the year on a strong note despite macroeconomic uncertainty, continued supply chain disruptions, and inflation.
- Consolidated net sales, organic, constant currency net sales, and reported net income increased and the company managed an all-around beat.
- The growth in net sales was driven mainly by net price realization, with steady consumer demand behind increased capacity and higher advertising levels.
Philip Morris International Inc.: Extended Long-Term Agreement With KT&G & Other Drivers
- Philip Morris ended 2022 on a positive note and delivered another all-around beat.
- The company’s volume increased significantly due to the ongoing IQOS development and steady cigarette volume.
- Over a third of the total Philip Morris and more than 50% in 70 markets had smoke-free net revenues for the entire year.
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