In today’s briefing:
- Daikin (6367) | Keep Cool and Carry On
- United Parcel Service Inc.: Expansion In The Indian Market & Other Developments
Daikin (6367) | Keep Cool and Carry On
- We turn bullish on Daikin ahead of Q1 results as we become less concerned about growth risks in China and the US
- Peer results suggest that air conditioner demand is stronger than expected due to record high global temperatures
- Company management has a good track record of pushing through price hikes and cutting costs. We expect the company to beat guidance this year
United Parcel Service Inc.: Expansion In The Indian Market & Other Developments
- UPS managed to deliver an all-around beat in the past quarter despite the fact that its macro environment remained dynamic.
- In spite of the decline in volume, UPS continues to win in maximum parts of the market, having strong gains in revenue quality.
- All segments of the business have delivered growth in the operating profit.
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