In today’s briefing:
- Thematic Report : Investment Opportunities in Indian Markets Led by Promoter Buying
- Align Partners Goes Activist on Doosan Bobcat
- Alinco Inc (5933 JP): 1H FY03/25 flash update
- FuelCell Energy Inc.: Expansion in South Korean Market
- KBR Inc.: Can It Capitalize On Government & Defense Sector Opportunities? – Major Drivers
Thematic Report : Investment Opportunities in Indian Markets Led by Promoter Buying
- In the overheated Indian markets where selling spree by promoters is going at record pace.
- We identified certain interesting companies where promoters are buying giving confidence in their business
- We further delve into the thesis and key triggers for these companies
Align Partners Goes Activist on Doosan Bobcat
- On 18 October, a local activist fund Align Partners Asset Management started its “corporate activism” on Doosan Bobcat Inc (241560 KS).
- Align Partners sent a shareholder proposal letter requesting a significant increase in the shareholder return rate, including dividends and selling off non-core assets.
- We believe that Align Partners’ corporate activism on Doosan Bobcat is likely to have a positive impact on Doosan Bobcat’s share price.
Alinco Inc (5933 JP): 1H FY03/25 flash update
- In 1H FY03/25, revenue increased 5.4% YoY to JPY30.8bn, while operating profit declined 3.9% YoY to JPY1.3bn.
- Segment profit for scaffolding equipment rentals grew 0.4% YoY to JPY1.3bn, with revenue up 15.1% YoY to JPY12.5bn.
- Electronic Equipment segment revenue fell 10.0% YoY to JPY2.4bn, resulting in a segment loss of JPY326mn.
FuelCell Energy Inc.: Expansion in South Korean Market
- FuelCell Energy, in its third quarter of fiscal year 2024, demonstrated a mixed financial performance amid evolving market conditions and significant strategic initiatives aimed at boosting its long-term growth trajectory.
- The company reported quarterly revenues of $23.7 million, a slight decrease from the $25.5 million recorded in the corresponding quarter of the previous year.
- This decline primarily resulted from a lack of module replacements in the current period, which had buoyed revenue in the prior year.
KBR Inc.: Can It Capitalize On Government & Defense Sector Opportunities? – Major Drivers
- KBR’s Second Quarter Fiscal 2024 Earnings detailed the company’s financial and operational milestones for the period, along with future projections and strategic plans.
- One of the notable positives highlighted includes the increase in revenue, up by 6% year-on-year, which reflects a solid operational performance across all the business units.
- The adjusted EBITDA also saw an impressive rise by 13%, illustrating effectiveness in managing profitability.
💡 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
