In today’s briefing:
- The Beat Ideas: Action Construction – A Bet on Manufacturing & Infrastructure Theme
- BQE: Decent Q1 Financials; Recurring Revenue Up 114% YoY
The Beat Ideas: Action Construction – A Bet on Manufacturing & Infrastructure Theme
- Action Construction – a leader in construction and heavy equipment theme is going for transformation with a defence foray and new product launches
- With strong guidance and the historical success of good execution makes a good bet on the current infrastructure and manufacturing theme
- The risk includes a slowdown in the election period and stiff competition from larger players
BQE: Decent Q1 Financials; Recurring Revenue Up 114% YoY
- BQE reported Q1 financial results yesterday where the highlight was 114% YoY growth in its recurring operation services segment.
- Technical services revenue was weak however, leading to a slight miss on proportional revenue ($3.4M vs. $3.8M expected) and margins.
- Management’s outlook remained bullish, expecting operation services revenue continuing to grow rapidly and technical services revenue catch back up in H2.
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