In today’s briefing:
- Xinyi Glass (868): Beneficiary of Chinese RE Rejuvenation
- Indian Companies Are Betting on Booming Capital Markets with Unplanned Fund Raisings
- PDD Holdings: Will The Focus On Agricultural Strategy Convert Into Positive Revenue Growth? – Major Drivers
- Chang Hwa Commercial Bank – April Monthly Profit Figures Suggest Slowing Growth
- Baba’s Babies: They’re All Grown Up!: Alibaba Health (241 HK) Temperature’s Rising!
- Qualcomm. Watch This Space…
- Taiwan Tech Weekly: Computex & Apple WDC Imminent; Apple Releasing New AI Voice Interface for IPhone
- NVIDIA Corporation: On Track To Become The World’s Largest Company With Enhanced AI Capabilities? – Major Drivers
- Oki Electric Industry (6703): Full-Year FY03/24 Update
- Zoom Video Communications: A Story Of Continued Growth in Enterprise Customer Base! – Major Drivers
Xinyi Glass (868): Beneficiary of Chinese RE Rejuvenation
- The majority of its revenue comes from selling float glass, which is used in buildings and construction.
- The Chinese government has started home ownership relaxation that will reinvigorate the real estate market.
- It is still trading at 67% lower to 3 years ago.
Indian Companies Are Betting on Booming Capital Markets with Unplanned Fund Raisings
- With Indian capital markets booming, companies are tapping capital markets regularly for fundraising even though they have recently raised funds.
- There are also cases where company after concluding IPO in recent years are going for fund raise
- The market are jittery about possible equity dilution and unclear fund raising objectives
PDD Holdings: Will The Focus On Agricultural Strategy Convert Into Positive Revenue Growth? – Major Drivers
- PDD Holdings Inc., an innovative online retail company based in China, seems to show a strong future trajectory based on its first quarter 2024 earnings conference call.
- The company surpassed its year-on-year growth with total revenue reaching RMB 86.8 billion, marking a 131% increase.
- This impressive growth serves as a testament to PDD Holdings’s efforts to deepen its access and widely influence the consumer market.
Chang Hwa Commercial Bank – April Monthly Profit Figures Suggest Slowing Growth
- April monthly data on pre-tax income shows slowing YoY growth compared with YTD growth
- NIM pressure was severe in past six months and this can be a key driver of less profit growth
- Credit costs in decline supported net profit delta, but this may not longer be sustainable
Baba’s Babies: They’re All Grown Up!: Alibaba Health (241 HK) Temperature’s Rising!
- Alibaba Health Information Tec (241 HK) operates an online platform for healthcare services and products. Post COVID the company has maintained and grown it the online healthcare market.
- The company which is 53%-owned by Alibaba Group Holding (9988 HK) , recently reported results for 2023 which beat analyst estimates, recording a 65% increase in net profit.
- The company recently bought AJK Technology from Taobao which gives Ali Health operational rights for advertising of online healthcare merchants on Tmall (Alimama).
Qualcomm. Watch This Space…
- Automotive revenues for Q1CY24 amounted to $603 million, up 35% YoY. This compares to MobilEye’s revenue of $239 million, down 48% YoY
- Automotive design-win pipeline is now $45 billion, up from $30 billion less than two years ago
- CEO Amon said “Every time we enter a new market, we end up building a very strong position”. That’s a shot across the bows for Intel and AMD…
Taiwan Tech Weekly: Computex & Apple WDC Imminent; Apple Releasing New AI Voice Interface for IPhone
- Market Largely Influenced by Macro Trends and Nvidia Movements This Past Week
- Key Events: Computex, Apple WDC, Key Taiwan May Revenue Releases
- Apple (AAPL US) Is Overhauling Siri In Order to Create a Beautiful Voice-based AI Interface for the iPhone
NVIDIA Corporation: On Track To Become The World’s Largest Company With Enhanced AI Capabilities? – Major Drivers
- NVIDIA Corporation is on track to become the largest company in the world, purely on the basis of its leadership in the artificial intelligence (AI) and graphics processing units (GPU).
- The company, reported its first quarter earnings of the fiscal year 2025.
- The company generated record revenue of $26 billion which is sequentially up by 18% and YoY up by 262%, significantly surpassing its estimated outlook of $24 billion.
Oki Electric Industry (6703): Full-Year FY03/24 Update
- Founded in 1881, Oki Electric Industry Co., Ltd. manufactures electrical and communications equipment, ICT equipment, and systems that utilize these products.
- In FY03/24, OKI reported full-year consolidated sales of JPY421.9bn, operating profit of JPY18.7bn, recurring profit of JPY18.3bn, and net income of JPY25.6bn.
- OKI Electric Industry Co., Ltd. announced that it expects to record income taxes–deferred in its consolidated and non-consolidated financial results for FY03/24.
Zoom Video Communications: A Story Of Continued Growth in Enterprise Customer Base! – Major Drivers
- Zoom reported total Q1 revenue of $1.141 billion, a 3% year-on-year increase.
- Enterprise revenue, which represented 58% of total revenue, grew 5% year-on-year.
- Gross margin was 79.3%, slightly lower than the 80.5% recorded in the same quarter last year due to investments in AI innovation.
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