In today’s briefing:
- ECM Weekly (12th Feb 2023) – Hesai, Oasis, Mankind, Greatpower, Ruipeng, CATL, Nissan/Renault
- Ball Corporation: Details of Product Offerings & Key Drivers
- Church & Dwight: Major Drivers
- Corning Inc: Gorilla Glass Victus 2 & Other Developments
- Exxon Mobil: Major Drivers
ECM Weekly (12th Feb 2023) – Hesai, Oasis, Mankind, Greatpower, Ruipeng, CATL, Nissan/Renault
- 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, Hesai Group (HSAI US) provided the first Asia linked listing for the year.
- Things were quiet on the placement front owing to the annual earnings reporting season.
Ball Corporation: Details of Product Offerings & Key Drivers
- Ball’s performance in the quarter was extremely disappointing and the company missed out on meeting Wall Street expectations with respect to revenues as well as earnings.
- The company did see a decent performance in EMEA aerospace and aerosol operations, especially in its newly constructed facilities in EMEA.
- The management believes that Ball’s aerospace and aerosol segments are having ongoing success and will complement the activities of its global beverage operations.
Church & Dwight: Major Drivers
- Church & Dwight delivered a strong set of results in the last quarter, with revenue growth of around 0.4% that was beyond Wall Street expectations.
- Its international business delivered 3.2% organic growth, driven by impressive performance across international subsidiaries.
- On the other hand, TROJAN condoms returned to share growth, while OXICLEAN stain removers and ARM & HAMMER baking soda achieved double-digit consumption growth.
Corning Inc: Gorilla Glass Victus 2 & Other Developments
- Corning faced the impact of a series of pandemic-driven effects during the last quarter but the company managed to deliver an all-around beat.
- The purchase of laptops, tablets, smartphones, televisions, and cars was below the company’s estimation in the last quarter.
- Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.
Exxon Mobil: Major Drivers
- Exxon Mobil delivered a mixed set of results for the last quarter.
- The company’s cash flow performance was solid.
- Exxon merged its downstream and chemical businesses to create Product Solutions, one of the world’s biggest fuels, chemicals, and lubricants companies.
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