In today’s briefing:
- Asian Dividend Gems: FSP Technology
- Korean Air – Another US Example Of A Ruling Against Consolidation Raises Asiana Merger Questions
- Armstrong World Industries: Initiation of Coverage – Resilience Revolution! How Their Unique Market Positioning Is Driving Exceptional Growth! – Major Drivers
- Huntington Ingalls Industries: Initiation of Coverage – Why They’re Boosting Revenue Forecasts – Insights into a Booming Business! – Major Drivers
Asian Dividend Gems: FSP Technology
- While the world is trying to transition to more renewable energies, FSP Technology (Taiwan) could be a beneficiary of reliable power energy supply products.
- FSP Technology’s dividend yield averaged 8.1% from 2020 to 2022. The company has a strong balance sheet. Net cash as a percentage of market cap is 40%.
- FSP Technology provides power supply products used for personal computers, industrial power, renewable energy, and batteries. We used Smartkarma’s Smart Score Screener system to find Fsp Technology (3015 TT).
Korean Air – Another US Example Of A Ruling Against Consolidation Raises Asiana Merger Questions
- The US Department of Transport (DOT) has ordered the termination of Delta and Aeromexico’s joint venture from October 2024 due to access restrictions in Mexico City.
- This follows the (unrelated) US blocking of JetBlue’s planned acquisition of Spirit Airlines on the grounds that it would negatively impact consumers.
- Each case is different, but the US has previously voiced concerns regarding Korean Air’s planned merger with Asiana, and the bar continues to rise for M&A/JV approval globally.
Armstrong World Industries: Initiation of Coverage – Resilience Revolution! How Their Unique Market Positioning Is Driving Exceptional Growth! – Major Drivers
- This is our first report on ceiling systems producer, Armstrong World Industries.
- The company’s last results present an investment perspective characterized by robust sales and growth despite compromised market conditions.
- Moreover, Armstrong World Industries pleasantly surpassed expectations as it did not witness any further deterioration of market activity.
Huntington Ingalls Industries: Initiation of Coverage – Why They’re Boosting Revenue Forecasts – Insights into a Booming Business! – Major Drivers
- This is our first report on militiry ships design player, Huntington Ingalls Industries.
- The company’s Q3 2023 earnings conference call revealed solid overall growth for the company.
- According to President and CEO, Chris Kastner, the company reached record Q3 revenue, with top-line growth of 7.2% year-on-year to $2.8 billion.
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