In today’s briefing:
- Google Q3 2024 Earnings Preview: AI Investments, Antitrust Battles, and Advertising in Focus
- CATL Chairman Sees Recycled Lithium as the Future of EV-Battery Making
- TCL Acquires LG Display’s LCD Plants in Guangzhou as Industry Consolidates
- NVIDIA’s “Insane” Blackwell Demand & The New NVLM Model – Can It Redefine AI Computing in 2025?
- China Healthcare Weekly (Oct.6) – WuXi to Sell Assets, Be Rational on China CXO, Sihuan Underperform
- IHH Healthcare (IHH MK): Sturdy Performance; Core Markets Remain Strong: Expansion Plans on Track
- Why Reservoir Media May Be Significantly Undervalued – Irenic Capital’s Bold Take!
- Clear Secure Inc.: How Will It Deal With The Challenge of Scaling Infrastructure Reliably? – Major Drivers
- Broadridge Financial Solutions: These Are The 7 Most Critical Factors Driving Its Performance In 2025 & Beyond! – Financial Forecasts
- Endava plc: Partnership With OpenAI
Google Q3 2024 Earnings Preview: AI Investments, Antitrust Battles, and Advertising in Focus
- Google’s AI infrastructure spending remains a priority, with capex exceeding $12 billion per quarter, highlighting aggressive expansion in cloud and AI-driven services.
- Competition from Meta and TikTok has pressured Google’s advertising, especially YouTube. Q3 performance will gauge its ability to maintain dominance in digital ads.
- Ongoing antitrust trials pose a long-term risk to Google’s business operations, particularly in search and advertising. Potential regulatory action could impact future growth strategies.
CATL Chairman Sees Recycled Lithium as the Future of EV-Battery Making
Half of all lithium-ion batteries could be made with recycled lithium by 2042, according to the founder of power cell giant Contemporary Amperex Technology Co. Ltd. (CATL) (300750.SZ +11.06%), who presented a vision of an eco-friendlier industry at a recent event.
Speaking at the World New Energy Vehicles Congress on Friday, Zeng Yuqun, also CATL’s chairman, highlighted the critical role power cells can play in driving the EV industry toward a zero-carbon future, saying that the sustainable development of the industry hinges on the use of recycled battery raw materials.
- CATL’s battery recycling business has already taken shape, with a current annual capacity to process 270,000 tons of used batteries, Zeng said.
TCL Acquires LG Display’s LCD Plants in Guangzhou as Industry Consolidates
- TCL Technology Group Corp.
- (000100.SZ +7.51%), a leading Chinese electronics maker, has agreed to pay 10.8 billion yuan ($1.54 billion) to acquire LG’s two display factories in Guangzhou, as Chinese manufacturers strengthen their dominance in the liquid crystal displays (LCD).
- TCL China Star Optoelectronics Technology (TCL CSOT), a subsidiary of TCL Technology, will acquire 80% of LG Display China and the entire stake of LG Display Guangzhou.
NVIDIA’s “Insane” Blackwell Demand & The New NVLM Model – Can It Redefine AI Computing in 2025?
- NVIDIA (NASDAQ: NVDA) is on the brink of yet another significant leap in AI computing with its latest Blackwell GPU, as CEO Jensen Huang recently emphasized in an interview with CNBC.
- Describing the demand as “insane,” Huang noted that Blackwell is already in full production and on track to be released to data centers for AI applications, with consumer availability slated for 2025.
- The company’s growth, particularly in its Data Center division, has been fueled by AI workloads, driven by GPU computing, networking platforms, and accelerated AI demand.
China Healthcare Weekly (Oct.6) – WuXi to Sell Assets, Be Rational on China CXO, Sihuan Underperform
- Investors always have expectations for Chinese CXOs, believing that BIOSECURE Act will not pass and Chinese CXOs will bottom out. We can understand this, but we have to be rational.
- Selling the operations that have been negatively affected is a reasonable choice, which helps stabilize WuXi’s business/market expectations. But this does not necessarily mean the geopolitical conflict will end here.
- Without persuasive long-term logic, share price of Sihuan would still underperform. Despite strong performance of Chinese stocks, we advise investors to do short-term trading on Sihuan Pharmaceutical Hldgs (460 HK).
IHH Healthcare (IHH MK): Sturdy Performance; Core Markets Remain Strong: Expansion Plans on Track
- IHH Healthcare (IHH MK) remains consistent in delivering double-digit growth across key metrics. 2Q24 revenue increased 17%, while EBITDA grew at a faster pace of 22%.
- Singapore, Turkiye & Europe, India, Malaysia show strength with favorable patient mix, higher occupancy, and higher revenue per in-patient.
- IHH is on track to add ~4,000 beds (+33% capacity) by 2028. The company is acquiring Island Hospital, a 600-bed hospital in Penang.
Why Reservoir Media May Be Significantly Undervalued – Irenic Capital’s Bold Take!
- Reservoir Media, a company known for its engagement with talent and diverse music assets, delivered mixed results in its first quarter of fiscal year 2025.
- Like many companies in the music industry, it is navigating a complex landscape influenced by digital transformations and global market trends.
- On the positive side, Reservoir Media experienced notable growth in its Music Publishing segment, showing a 15% increase in revenue.
Clear Secure Inc.: How Will It Deal With The Challenge of Scaling Infrastructure Reliably? – Major Drivers
- Clear Secure remains steadfast in its commitment to grow its member base, enhance the customer experience, and improve its financial stability, with several significant developments detailed in the fiscal second quarter 2024 earnings call.
- The company reported robust growth, adding 2.3 million new members, and highlighted its innovative projects, like the implementation of new technologies to make travel and identity verification smoother and more integrated.
- 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.
Broadridge Financial Solutions: These Are The 7 Most Critical Factors Driving Its Performance In 2025 & Beyond! – Financial Forecasts
- Broadridge Financial Solutions has displayed robust financial performance and maintained consistent growth in its earnings, backed by a strategy focused on transforming and digitizing the financial services industry.
- The company’s fiscal year 2024 concluded with a significant uplift in closed sales and improved earnings per share (EPS), demonstrating resilience and agility in a fluctuating market environment.
- 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.
Endava plc: Partnership With OpenAI
- Endava, a global IT services provider, recently reported its earnings for the fourth quarter and the full fiscal year 2024.
- Amid a challenging economic climate, the company underscored its strategic maneuvers and repositioning efforts, all while navigating noticeable headwinds in revenue growth, client demand fluctuations, and transformative industry shifts influenced by advancements in artificial intelligence (AI).
- 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.
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