In today’s briefing:
- Grab Holdings (GRAB US) – Leaning In with Product Initiatives
- GAI-Related Numbers and Quotes from C1Q24 Earnings
- Tech Supply Chain Tracker (22-May-2024): Pompeo urges Taiwan to innovate for chip dominance.
- Raspberry Pi IPO Preview
- Apple Inc.: Can The New Partnership With OpenAI & Other AI Initiatives Help Them Up Their Game? – Major Drivers
- Quiddity Leaderboard DAX/MDAX Jun 24: Hellofresh MDAX Deletion Hinges on Encavis Tender Offer Result
- Confluent Inc.: Initiation of Coverage – Shift Towards Consumption Profile & Other Pivotal Growth Drivers
Grab Holdings (GRAB US) – Leaning In with Product Initiatives
- Grab‘s 1Q2024 reflected strong performance from its deliveries and mobility segments despite seasonal headwinds, with growth driven by new initiatives rather than increased incentives, with affordable products leading.
- The company has launched new products in the premium segment, with advanced bookings improving the most recent initiative, while its saver products are increasing spend, frequency, and retention.
- Another key feature of the 1Q2024 has been the strong performance of groceries, driven by alliances with retailers, and booking higher growth than food deliveries.
GAI-Related Numbers and Quotes from C1Q24 Earnings
- Generative AI (GAI) helps capex, no doubt. But key question is whether capex can yield to revenue and profits;
- Content creation industry is sure to realize revenue and profits. iQiyi and NetEase already said so with concreate examples;
- Advertising can realize revenue by better matching of ads inventory and perhaps improve inventory utilization.
Tech Supply Chain Tracker (22-May-2024): Pompeo urges Taiwan to innovate for chip dominance.
- Pompeo advises Taiwan to innovate constantly in chip industry to maintain dominance and not be complacent.
- LG Energy Solutions may surpass Panasonic in launching mass production of 46800 batteries, a significant development in the industry.
- Canadian startup CEMWorks is positioning itself as a key player in semiconductors, 5G, and AI with its simulation tool. SDC and LGD lead OLED monitor market with fast growth and gaming focus. China’s internet giants see 1Q24 revenue soar thanks to AI technology.
Raspberry Pi IPO Preview
- Established in 2012, Raspberry Pi is getting ready to complete its IPO in London soon. Raspberry Pi provides small, single-board computers.
- Raspberry Pi is backed by Sony and ARM Holdings. Nearly 72% of the company’s sales come from commercial customers embedding its products into various consumer devices and other systems.
- The company generated sales of US$265.8 million (up 41.5% YoY) and operating profit of US$37.5 million (up 87% YoY) in 2023.
Apple Inc.: Can The New Partnership With OpenAI & Other AI Initiatives Help Them Up Their Game? – Major Drivers
- The Q2 Fiscal Year 2024 was a good quarter for Apple Inc. as they saw growth in several international markets and set numerous records worldwide.
- The company reported revenue of $90.8 billion and an EPS record of $1.53.
- They also announced revenue records in over a dozen countries and regions, and an all-time revenue record in Indonesia.
Quiddity Leaderboard DAX/MDAX Jun 24: Hellofresh MDAX Deletion Hinges on Encavis Tender Offer Result
- In this insight, we take a look at the potential ADDs/DELs for the DAX index and the MDAX index in the run up to the June 2024 index rebal event.
- There could be two regular MDAX changes in June including the long-anticipated deletion of M&A candidate MorphoSys AG (MOR GR).
- We do not see any changes for the DAX index based on the current numbers.
Confluent Inc.: Initiation of Coverage – Shift Towards Consumption Profile & Other Pivotal Growth Drivers
- Confluent Inc.’s Q1 2024 performance indicates a robust start for the fiscal year, surpassing all guided metrics with a total revenue growth of 25% to $217 Million, a testament to the successful execution of the firm’s strategies, especially amidst a somewhat unpredictable macro-environment.
- Noteworthy in these earnings is the impressive growth of Confluent Cloud, now accounting for over half of the company’s subscription revenue and emerging as the fastest-growing offering with a 45% increase to $107 Million.
- 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.
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