In today’s briefing:
- Last Week in Event SPACE: Alps Logistics, L’Occitane, Hanon Systems, Perpetual Ltd
- PACCAR Inc.: What Are The Market Share Growth Across Different Segments? – Major Drivers
- Republic Services Inc.: Continued Growth Poised by Pricing! – Major Drivers
Last Week in Event SPACE: Alps Logistics, L’Occitane, Hanon Systems, Perpetual Ltd
- KKR’s Offer for Alps Logistics (9055 JP) is a knock-out price. HUGE MINORITY WIN. This trades a little wide because the “gap risk” is so large, but it’s still safe.
- It’s reasonable to expect the listing of various components of L’Occitane (973 HK) other than in HK, would (should) be hugely accretive; for those investors who can (or may) participate.
- Hankook Tire & Technology (161390 KS) seeks a controlling stake in Hanon Systems (018880 KS).
PACCAR Inc.: What Are The Market Share Growth Across Different Segments? – Major Drivers
- 10.7% share in the first quarter compared to 8.6% in the same period last year.
- DAF trucks are highly desired by customers in South America and the region is an important part of PACCAR’s growth and success.
- In the third quarter of last year, PACCAR announced a commercial vehicle battery joint venture.
Republic Services Inc.: Continued Growth Poised by Pricing! – Major Drivers
- Republic Services, during their first quarter 2024 earnings, highlighted strong financial results underpinned by profit-oriented growth.
- During the quarter, they saw revenue growth of 8%, an adjusted EBITDA growth of 12%, an expansion of adjusted EBITDA margin by 120 basis points.
- The adjusted earnings per share were $1.45 and the adjusted free cash flow produced was $535 million.
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