In today’s briefing:
- Fast Retailing (9983) | Buying Opportunity Ahead of Q2 Results
- Korean Holdcos Vs Opcos Gap Trading Opportunities in 2Q 2025
- UMC – Global Foundries Merger? TSMC 2nm and A16 On-Track. More Doubts over US CHIPS Act Subsidies.
- Taiwan Tech Weekly: TSMC Goes ‘Taiwan Speed’ in Arizona; Phison Predicts Edge AI Flash Memory Boom
- UiPath: A Tale Of Cloud Transition & SaaS Growth With An Astounding 98% Retention!
- MIXI Inc. (2121 JP) – A Potentially Game-Changing Deal
- TEGNA’s Bold Bet on AI & Automation To Expand Margins—Here’s What’s Coming Next!
- C3.ai’s 460% Surge in Deals Signals a Breakout Moment—Is This the Best AI Stock to Buy Today?
- Quick Takeout Idea: Dalata Hotel (DHG.IR) – Probably Gets Sold Soon
- MasTec’s Clean Energy Boom: New Client Wins & Rising Margins Could Fuel Solid Growth In 2025!
Fast Retailing (9983) | Buying Opportunity Ahead of Q2 Results
- Fast Retailing (9983 JP) is set to report its second-quarter results on April 10, and we see an opportunity to buy ahead of a strong earnings release
- We expect Fast Retailing to post Q2 sales of ¥905bn (+15% YoY), above consensus estimates of ¥881bn. EBIT projected at ¥133bn (+21% YoY), ahead of street expectations of ¥125bn.
- Domestic Uniqlo monthly sales and quarterly results from global peers suggest strong sales momentum.
Korean Holdcos Vs Opcos Gap Trading Opportunities in 2Q 2025
- In this insight, we highlight the recent pricing gap divergences of the major Korean holdcos and opcos which could provide trading opportunities in 2Q 2025.
- Among the 38 holdcos/opcos, there have been several pairs that have resulted in significant price ratio divergence which could provide trading opportunities in terms of their pricing gaps closing reversal.
- Given the resumption in short selling in Korea, there is going to be a lot more interest in pair trades in Korea, especially among the major Korean holdcos/opcos.
UMC – Global Foundries Merger? TSMC 2nm and A16 On-Track. More Doubts over US CHIPS Act Subsidies.
- Reports of merger between UMC and GlobalFoundries. Beyond the threat of US import tariffs for UMC, it would create a larger firm to counter SMIC’s expansion. Easier said than done
- TSMC second 2nm Fab in KaoHsiung “inaugurated”, 2nm production unchanged mid of 2025. A16 process and equipment qualification underway for risk production in 2027.
- Biden era CHIPS Act subsidies (US$52bn) could be cancelled or the program is completed and the assigned staff leaving?
Taiwan Tech Weekly: TSMC Goes ‘Taiwan Speed’ in Arizona; Phison Predicts Edge AI Flash Memory Boom
- TSMC Accelerates U.S. Expansion — New Arizona Fab to Be Built at ‘Taiwan Speed’
- Phison CEO Sees Decade-Long Boom for NAND Flash as AI Shifts to the Edge
- Delta Taiwan Vs. Thailand Monitor: Delta Thailand Crash Closes Gap, But Still Relatively Expensive
UiPath: A Tale Of Cloud Transition & SaaS Growth With An Astounding 98% Retention!
- UiPath reported its fourth-quarter and full-year fiscal 2025 financial performance, marking several high and low points that are critical for investors to examine as they consider their future involvement with the company.
- On the positive side, UiPath achieved a quarterly revenue of $424 million, with only a slight impact from foreign exchange fluctuations.
- For the full fiscal year, revenue increased to $1.43 billion, reflecting a 9% improvement year-over-year.
MIXI Inc. (2121 JP) – A Potentially Game-Changing Deal
- MIXI has announced an all-cash deal worth ¥35.2bn for PointsBet Holdings (PBH), an Australian sports and racing online betting company operating in Australia and Canada.
- The deal is due to close in mid-June 2025. We view this transaction as aligned with MIXI’s strategies of business diversification and overseas expansion, leveraging the expertise gained from TIPSTAR in Japan’s keirin and auto-race betting businesses to enter the Australian market, thereby accelerating the growth of both TIPSTAR and PointsBet.
- MIXI is demonstrating a positive and active allocation of its capital, with a high intent to accelerate the development of its Sports business and make it a key earnings pillar.
TEGNA’s Bold Bet on AI & Automation To Expand Margins—Here’s What’s Coming Next!
- TEGNA Inc. recently presented its fourth-quarter and full-year 2024 financial results, demonstrating both opportunities and challenges for potential investors.
- The company reported a significant 20% year-over-year increase in total revenue for the fourth quarter, amounting to $871 million, primarily driven by political advertising revenues.
- However, the political advertising performance nearly matched that of the 2020 election cycle, indicating the cyclical nature of this revenue stream.
C3.ai’s 460% Surge in Deals Signals a Breakout Moment—Is This the Best AI Stock to Buy Today?
- C3.ai has exhibited a solid performance in the third fiscal quarter of 2025, ending January 31, 2025, with both positive developments and certain challenges.
- The company reported total revenue of $98.8 million, representing a 26% increase year-over-year.
- Subscription revenue, constituting the majority of its revenue, grew by 22% to $85.7 million.
Quick Takeout Idea: Dalata Hotel (DHG.IR) – Probably Gets Sold Soon
- Dalata Hotel recently announced a formal sales process. Last few days have been really busy ;ppp and I’ve been using time on the road to conjure my “tin-foil hat” hypotheses and squeezing out whatever spare time I have to eke out this article.
- Before going on, I’d like to highlight that amidst the market chaos, there seems to be a fair few interesting things popping – for e.g. last week, I highlighted DLTR selling off its FD stake and how DLTR deserved a rerating; in other news, Intel has also successfully divested its memory chip business (this time, IP and manpower) over to Sk Hynix, netting a ~1.9b cash infusion and also an indication of focus on its core “less-commoditized” logic chips business.
- Tan Lip Bu also finished acquiring his 25m worth of shares at ~$23.96 per share. Yet, INTC has traded down with the rest of its boys, as the semicon indices continually to get smacked downwards. Exciting times ahead.
MasTec’s Clean Energy Boom: New Client Wins & Rising Margins Could Fuel Solid Growth In 2025!
- MasTec Inc. has reported strong financial results for the fourth quarter and full year 2024.
- The company’s performance exceeded expectations across several key metrics, including revenue, adjusted EBITDA, and earnings per share (EPS).
- For the fourth quarter, MasTec achieved a revenue of $3.4 billion with an adjusted EBITDA of $271 million, marking a 20% year-over-year increase.
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