In today’s briefing:
- HSCEI Sep24 Rebal – Two ADDs, Two DELETEs, Two Surprises, Middling Flows
- Trex Company: How Are They Executing Market Expansion and Penetration? – Major Drivers
- Sunrun Inc.: Adopting A Strategic Approach to Market Expansion and Customer Acquisition! – Major Drivers
- Emerson Electric Co.: A Story Of Deepening Market Penetration in Test & Measurement! – Major Drivers
- nVent Electric plc: Expanded Electrification Capabilities With The Acquisition Of Trachte! – Major Drivers
HSCEI Sep24 Rebal – Two ADDs, Two DELETEs, Two Surprises, Middling Flows
- The HSCEI is famous but has less AUM tracking it passively than you’d think. Nevertheless it is well-known and well-watched.
- J&T Global Express (1519 HK) and New Oriental Education & Techn (9901 HK) were ADDs. JD Logistics (2618 HK) and SenseTime Group (20 HK) are DELETEs.
- PICC Property & Casualty H (2328 HK) was NOT included. This was a surprise. We may see some disappointment this week from pre-positioning getting sold.
Trex Company: How Are They Executing Market Expansion and Penetration? – Major Drivers
- Trex Company Inc., a leading manufacturer of wood-alternative decking and railing, reported mixed results for its second quarter of 2024.
- The financial performance showcased both strengths and challenges primarily influenced by changing consumer behavior and varying demand across product lines.
- On the positive side, Trex experienced robust demand for its high-end products, with double-digit growth in the sell-through of premium offerings like Trex Transcend Lineage decking and Trex Signature lines.
Sunrun Inc.: Adopting A Strategic Approach to Market Expansion and Customer Acquisition! – Major Drivers
- Sunrun Inc.’s second quarter 2024 earnings displayed a strategic dedication to a storage-first approach, reflective of broader transitions and consumer preferences within the solar power industry.
- The company achieved significant progress toward their goal of becoming the trusted provider of renewable energy solutions across America.
- This focus has led to record storage installation rates and a robust increase in customer growth, specifically in adding battery systems to existing setups.
Emerson Electric Co.: A Story Of Deepening Market Penetration in Test & Measurement! – Major Drivers
- Emerson Electric Co. has presented its third quarter 2024 earnings, demonstrating a strong operational and financial performance amidst a challenging global economic environment.
- The company reported solid results with underlying sales growth of 3%, driven by robust project activity in process and hybrid businesses.
- Life sciences, energy, and power sectors particularly showed significant project wins, emphasizing Emerson’s traction in North America and Europe.
nVent Electric plc: Expanded Electrification Capabilities With The Acquisition Of Trachte! – Major Drivers
- NVT’s Q2 2024 earnings reveal a company in the midst of significant operational and strategic transitions.
- Their decision to divest the Thermal Management business and the recent acquisition of Trachte aligns with their goal of focusing on high-growth areas like electrical connection and protection, which plays into broader industry trends of electrification and digitalization.
- This strategic repositioning appears geared towards capitalizing on sectoral shifts and enhancing long-term growth prospects.
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