In today’s briefing:
- HKBN (1310 HK): Another Sing Tao Article as Speculation Swirls on MBK’s Loan Notes Conversion
- The Backdrop Behind Today’s Pivot in Samsung’s Playbook
- Quiddity Leaderboard HSIII Jun25/Sep25: Capping Flows in June and Index Changes in September
- Tech Supply Chain Tracker (18-Mar-2025): Tesla strengthens ties with Baidu amid US-China tech tensions.
- Okta Inc.: Monetization of Agentic AI As A Significant Growth Opportunity!
- Synopsys Inc.: How Is The Adoption of AI & Agentic AI Technologies Are Helping Them Aplify Their Efficiency In Electronic Design Automation?
- ZoomInfo: Adding Copilot AI Agents & Workflow Automation To Maintain Its Relevance!
- Macbee Planet (7095 JP) – Focus on Volume-First Growth Strategy
- Itron Inc.: Strengthening Partnerships & Strategic M&A -The Secret to Maximizing Profits While Navigating Uncertainty!
- eBay Inc.: Will The Integration of Artificial Intelligence Help Them Stay Competitive Against Larger E-Commerce Giants?
HKBN (1310 HK): Another Sing Tao Article as Speculation Swirls on MBK’s Loan Notes Conversion
- A new Sing Tao Daily article on HKBN Ltd (1310 HK) claims that China Mobile (941 HK)’s offer is a stalemate, and a potential I Squared offer faces regulatory challenges.
- The article is being unduly alarmist. The concerns raised on the China Mobile offer remain premature, and there remains a medium-to-high probability of a competing offer from I Squared.
- Last Friday, MBK converted its vendor loan notes (VLN) into shares, which could signal that an I Squared competing offer is imminent.
The Backdrop Behind Today’s Pivot in Samsung’s Playbook
- Jay Lee flipping the switch signals Samsung’s pivot—no more playing defense, no more legal jitters. Market’s reading this as full send on the next phase.
- Near-Term, Samsung’s pushing hard—NVIDIA’s HBM qual tests are in focus. With NVIDIA’s event this week, traders are watching for bullish signals after earlier cautious moves.
- The real juice? Samsung might drop a bold value-up play and a no-nonsense shareholder message. The prime launchpad: AGM day, this Wednesday, 19th, 9 AM.
Quiddity Leaderboard HSIII Jun25/Sep25: Capping Flows in June and Index Changes in September
- The Hang Seng Internet & IT (HSIII) index represents the top 30 stocks related to internet and information technology businesses listed in Hong Kong (HKEX).
- In this insight, we take a look at our capping flow expectations for the June 2025 index rebal event.
- We have also presented our index change expectations for the next semiannual index review which will take place in September 2025 (regular ADDs/DELs only take place in March and September).
Tech Supply Chain Tracker (18-Mar-2025): Tesla strengthens ties with Baidu amid US-China tech tensions.
- Tesla has strengthened ties with Baidu amid the US-Sino tech crossfire, showcasing the complex dynamics between the two countries.
- China achieves a breakthrough in semiconductor technology with EUV, while lawmakers propose anonymous semiconductor purchases to secure the industry.
- VCI Global’s plan to establish India’s first semiconductor wire plant in Chennai marks a significant milestone for the tech industry in the country, with Alibaba’s Tongyi Qianwen aiming to revolutionize China’s AI.
Okta Inc.: Monetization of Agentic AI As A Significant Growth Opportunity!
- Okta reported a strong fourth quarter, highlighting accelerating remaining performance obligations (RPO) and current RPO (cRPO), record profitability, and robust free cash flow.
- Demand for both workforce and customer identity products was strong, with notable contributions from new offerings such as Okta Identity Governance, Privileged Access, and Identity Security Posture Management.
- The company emphasized product innovation, partner ecosystem expansion, and go-to-market specialization as key drivers of its momentum heading into the next fiscal year.
Synopsys Inc.: How Is The Adoption of AI & Agentic AI Technologies Are Helping Them Aplify Their Efficiency In Electronic Design Automation?
- Synopsys Inc. delivered a notable performance in the first quarter of fiscal year 2025, showing resilience amidst shifting market dynamics and broader economic uncertainties.
- Synopsys reported revenue of $1.46 billion, slightly under its previous year’s performance due to one less week in the quarter.
- However, the company’s non-GAAP earnings per share were above the guidance range, indicating solid financial management and operational execution.
ZoomInfo: Adding Copilot AI Agents & Workflow Automation To Maintain Its Relevance!
- ZoomInfo Technologies Inc. recently reported its financial results for the fourth quarter and full year of 2024, showcasing mixed outcomes.
- The company generated GAAP revenue of $309 million for the quarter, which exceeded expectations.
- The adjusted operating income was reported at $116 million, representing a margin of 37%, and similarly surpassing guidance.
Macbee Planet (7095 JP) – Focus on Volume-First Growth Strategy
- Emphasizing sales volume expansion – Q1-3 FY4/25 results indicated strong sales volume growth at 32.2% YoY, as the company continued diversifying into market sectors such as medical, recruitment and finance.
- Although prioritizing growth has meant a shift in the customer mix away from traditionally high margin brick-and-mortar in-store experiences, we believe this strategic shift is positive given their larger addressable markets.
- The company revised its FY4/25 guidance, providing greater clarity over the short term, and highlighted its medium-term expectations for sustained double-digit growth.
Itron Inc.: Strengthening Partnerships & Strategic M&A -The Secret to Maximizing Profits While Navigating Uncertainty!
- Itron Inc., a technology company engaged in providing solutions for the management of energy and water resources, reported their fourth-quarter and full-year results for 2024.
- Their performance in the fourth quarter was marked by an above-expectation outcome, underscored by record revenues in key growth segments, remarkably Network Solutions and Outcomes.
- The company registered a fourth-quarter revenue of $613 million, demonstrating a 6% year-over-year increase.
eBay Inc.: Will The Integration of Artificial Intelligence Help Them Stay Competitive Against Larger E-Commerce Giants?
- eBay Inc.’s fourth-quarter results highlight various strategic and financial developments that mark a significant year for the company.
- The results signify a mix of progress and challenges typical of eBay’s evolving position within the e-commerce landscape.
- On the positive side, eBay has shown resilience in gross merchandise volume (GMV), with GMV recording a modest increase of over 2% to $19.3 billion.
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