In today’s briefing:
- Intel’s Data Centre Meltdown
- AviChina Industry (2357 HK): This Is Just the Beginning
- LICHF: On Track for a Record FY24 PAT
- GHY’s Guo Jingyu raises stake as group eyes turnaround, profitability
Intel’s Data Centre Meltdown
- Year to date, Intel’s data center revenues are down 28% YoY.
- By comparison, AMD’s year-to-date revenues are down just 6% YoY
- Why is AMD performing so much better than Intel in the data center and will their market share growth continue?
AviChina Industry (2357 HK): This Is Just the Beginning
- AviChina Industry & Technology H (2357 HK) is expected to see sustained profit upturn in 2H23 following a 26.8% growth in 1H23. Continued geopolitical turmoil will still benefit it.
- All its listed A-share subsidiaries recorded a pick-up in earnings momentum in 2Q23, and this indicates solid underlying demand as well as the impact of product developments.
- Avicopter PLC (600038 CH) has seen volume and price recovery after product portfolio refinement while new products have stimulated the ancillary system and related business.
LICHF: On Track for a Record FY24 PAT
- LIC Housing Finance (LICHF IN) posted a strong Q1FY24, despite an adverse one-off reversible impact. Q1FY24 PAT came in at INR 1319cr vs INR 1191cr QoQ and INR 927cr YoY.
- With the interest rates stabilizing, housing demand has been improving. LICHF’s asset quality has been also improving, adjusted for one-off technical glitch related deterioration.
- At around 6x P/E based on our projected FY24E PAT, LICHF is available quite cheap and has potential to more than double from the current levels.
GHY’s Guo Jingyu raises stake as group eyes turnaround, profitability
- INSTITUTIONS were net buyers of Singapore stocks over the five trading sessions through to Sep 14, with S$18.4 million of net institutional inflow, while 24 primary-listed companies conducted buybacks with a total consideration of S$25.9 million. led the share buyback consideration tally, buying back 1.2 million shares at an average price of S$12.58 per share, followed by which bought back 5.36 million shares at an average price of S$1.13 per share.
- The five trading sessions saw 60 changes to director interests and substantial shareholdings filed for close to 30 primary-listed stocks.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
