In today’s briefing:
- Nidec (6594) | FY3/24 Guidance Risk
- IMotion Automotive Technology Pre-IPO – The Negatives – But Profitability Still a Black Box
- Setting the Record Straight: Tweet Twists Truth About CEO Compensation
Nidec (6594) | FY3/24 Guidance Risk
- We do not expect any major surprises when Nidec reports FY3/23 earnings on 24 April
- However, we believe that there is a significant risk that the company will guide below analyst consensus for FY3/24
- We are bearish going into results. After that, there could be an opportunity to turn bullish again on FY3/25 PE of 14x
IMotion Automotive Technology Pre-IPO – The Negatives – But Profitability Still a Black Box
- IMotion Automotive Technology (1812706D CH) is looking to raise about US$300m in its upcoming HK IPO.
- The company possesses advanced full-stack R&D capabilities including self-developed algorithms and hardware-software co-design capabilities. It provides two AD domain controller product lines, and the self-designed iDC series.
- In this note, we talk about the not-so-positive aspects of the deal.
Setting the Record Straight: Tweet Twists Truth About CEO Compensation
- As sensitive as this may be, we feel an obligation to correct misinformation on social media and put some context on a related news report about an internal MillerKnoll video town hall that leaked.
- MLKN was down ~2.5% on Tuesday, more than its peers and competitors. Misinformation may have contributed to the stock action.
- First, the misinformation: A tweet Tuesday shows CEO Andrea “Andi” Owen rallying employees.
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