In today’s briefing:
- Potential Recurrence of Local Flow Trade Patterns in Hyundai Glovis’s Stock Dividend Event
- Timee Pre-IPO – Peer Comparison – Stronger Growth Has Allowed It to Close the Margin Gap
- GMS Inc.: How Are They Navigating Price Dynamics in Key Product Segments? – Major Drivers
- Griffon Corporation: Can The Expansion of Global Sourcing Actually Streamline Operations & Expand The Bottom-Line? – Major Drivers
- SiteOne Landscape Supply Inc.: A Tale Of Market Share Expansion and Diverse End Markets! – Major Drivers
Potential Recurrence of Local Flow Trade Patterns in Hyundai Glovis’s Stock Dividend Event
- Finding a trading entry point during a stock dividend event is tough, but locally, stock prices often rise post-ex-rights date and stabilize after listing, over 70% of the time.
- There’s speculation that local flow trading, mainly driven by local prop traders, might target this pattern in Glovis’s stock dividend as well.
- While I wouldn’t recommend banking on this probabilistic trading setup, it’s important to be aware that this could significantly impact stock movements from the ex-rights date to the listing date.
Timee Pre-IPO – Peer Comparison – Stronger Growth Has Allowed It to Close the Margin Gap
- Timee Inc (215A JP) is looking to raise US$290m from its Japan IPO. The IPO will be a 100% secondary selldown by existing shareholders.
- Timee operates an on-demand staffing platform that connects part-time jobseekers with businesses in Japan.
- In an earlier note, we looked at the firm’s past performance. In this note, we undertake a peer comparison.
GMS Inc.: How Are They Navigating Price Dynamics in Key Product Segments? – Major Drivers
- GMS Inc. reported a robust fiscal year 2024, marked by record net sales of $5.5 billion, a testament to volume growth across all four product categories—Wallboard, Ceilings, Complementary Products, and Steel Framing.
- In particular, the resilience in Wallboard pricing and inflation adjustments in Ceilings and Complementary Products significantly contributed to the revenue.
- These results underscore the company’s strong position in the market, benefiting from ongoing demand in multifamily and steady commercial activity levels.
Griffon Corporation: Can The Expansion of Global Sourcing Actually Streamline Operations & Expand The Bottom-Line? – Major Drivers
- Griffon Corporation delivered a mixed set of financial results in the fiscal second quarter of 2024, presenting a complex landscape for potential investors.
- On the positive front, Griffon reported a robust start to the year, with healthier performances particularly noted in the Home and Building Products (HBP) segment which outperformed expectations partly due to unexpectedly high residential order volumes that defied typical seasonal trends.
- Furthermore, the Consumer and Professional Products (CPP) segment also showed improvement, registered in an increased EBITDA, attributed to lower production costs in North America, offsetting a decline in revenue by 11% due to dampened demand.
SiteOne Landscape Supply Inc.: A Tale Of Market Share Expansion and Diverse End Markets! – Major Drivers
- SiteOne Landscape Supply, Inc. reported its first quarter results for the fiscal year 2024, which were met with mixed outcomes as the company navigated through various market challenges such as commodity price deflation and adverse weather impacts in some markets.
- Despite these challenges, the company managed to post an 8% increase in net sales, demonstrating resilience in its operational strategy and a boosted performance through recent acquisitions.
- Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.
💡 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
