In today’s briefing:
- Brilliance China: Parent Restructuring Overhang May Continue, but Dividends Itself Provide Upside
- Ansys Inc: Ansys Gateway On AWS & Other Drivers
- HubSpot Inc: New Products & Other Drivers
Brilliance China: Parent Restructuring Overhang May Continue, but Dividends Itself Provide Upside
- No substantive progress is achieved on Brilliance Group’s bankruptcy restructuring so far.
- Besides estimated max Rmb6 per share, or HKD6.5 per share special dividend 2022E, shareholders may get more cash dividends in the next few years
- Our enterprise value analysis shows Brilliance China’s fair value could be as high as HHD21.9 per share, including estimated HKD6.5 per share special dividend 2022E.
Ansys Inc: Ansys Gateway On AWS & Other Drivers
- Ansys delivered a positive quarterly result with a strong performance on most key metrics, including revenues, earnings per share, operating margins, and ACV.
- Semiconductor and high-tech, automotive and ground transportation, and aerospace and defense were again the largest contributors in this quarter.
- The startup program of the company is growing as the nascent companies are taking advantage of Ansys solutions.
HubSpot Inc: New Products & Other Drivers
- HubSpot delivered a good quarterly result with revenue growth beyond market expectations, especially in terms of constant currency.
- The company also delivered an earnings beat as it added more than 8000 net new customers this quarter.
- In spite of the more challenging macro environment, HubSpot maintained a healthy growth retention rate largely given its low pricing.
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