In today’s briefing:
- Intel Ruins The Rally With Its Gloomy Guide
- (Mostly) Asia-Pac Weekly Risk Arb Wrap: Newmark, Payroll, Orecorp, Weiqiao, Mandala Multi, Shinko
- Index Rebalance & ETF Flow Recap: CSI300, CSI500, SSE50, ChiNext, KOSPI200, Renesas, IDX30/LQ45
- Yelp Inc: Initiation of Coverage – Unveiling Yelp’s High-ROI Ad Innovations That Are Changing the Game! – Major Drivers
- PowerSchool Holdings: Initiation of Coverage – Find Out How Their Cutting-Edge AI Is Transforming Public Education! – Major Drivers
- Axcelis Technologies Inc.: Initiation of Coverage – The Silicon Carbide Revolution – How They’re Leading the Charge in Power Technology! – Major Drivers
- Axcelis Technologies Inc.: Initiation of Coverage – The Silicon Carbide Revolution – How They’re Leading the Charge in Power Technology! – Major Drivers
- Plexus Corp: Initiation of Coverage – Discover Their Secret Strategy for Growth In 2024! – Major Drivers
- ECM Weekly (28th Jan 2024) – Renesas, FCT, Genda, Amer, Guming, FirstCry, Thai Credit
- United States Cellular Corporation: Initiation of Coverage – What Is Their Biggest Competitive Advantage? – Major Drivers
Intel Ruins The Rally With Its Gloomy Guide
- Q423 revenues of $15.4 billion, +8.5% QoQ, +10% YoY and $300 million above the guided midpoint
- Q124 guided to $12.7 billion, -17.5% QoQ albeit still up 8% YoY.
- Intel’s share priced fell 12% on the guide. CEO says this was an overreaction.
(Mostly) Asia-Pac Weekly Risk Arb Wrap: Newmark, Payroll, Orecorp, Weiqiao, Mandala Multi, Shinko
- I tally 48 – mostly firm, mostly Asia-Pac – transactions currently being discussed and analysed on Smartkarma. Inside is a timetable of upcoming key events for each deal.
- Three new deals discussed this week on Smartkarma: All-scrip deals for Newmark Property REIT (NPR AU) and Eureka Group Holdings (EGH AU); and Payroll (4489 JP)‘s Tender Offer.
- Key updates took place on: Orecorp Ltd (ORR AU), Weiqiao Textile Co (2698 HK), Mandala Multifinance (MFIN IJ), Shinko Electric Industries (6967 JP) & JSR Corp (4185 JP).
Index Rebalance & ETF Flow Recap: CSI300, CSI500, SSE50, ChiNext, KOSPI200, Renesas, IDX30/LQ45
- The review period for the NIFTY family of indices, Nikkei 225, STAR50, the KRX New Deal Index and a global index ends on 31 January.
- The January rebalance of the IDX30 and LQ45 indices will be implemented at the close of trading on 31 January.
- There have been huge inflows into the CSI 300 Index ETFs for another week. This will increase the impact on the index changes at the next rebalance.
Yelp Inc: Initiation of Coverage – Unveiling Yelp’s High-ROI Ad Innovations That Are Changing the Game! – Major Drivers
- This is our first report on Yelp Inc.
- The management addressed strong performance across several key metrics.
- They reported an impressive 10th consecutive quarter of double-digit revenue growth, achieving a record net revenue of $345 million which signifies a 12% YoY increase.
PowerSchool Holdings: Initiation of Coverage – Find Out How Their Cutting-Edge AI Is Transforming Public Education! – Major Drivers
- This is our first report on PowerSchool Group Inc., an education technology company.
- The company recorded promising results in its Third Quarter 2023 Earnings.
- We have added reasonable forecasts of the annualized income statement and cash flows and carried out a DCF valuation of the company using its Weighted Average Cost of Capital (WACC) to determine a forecasted share price.
Axcelis Technologies Inc.: Initiation of Coverage – The Silicon Carbide Revolution – How They’re Leading the Charge in Power Technology! – Major Drivers
- This is our first report on Axcelis Technologies.
- As the power market continues to strengthen, Axcelis is guiding for Q4 2023 revenue with a gross margin of approximately 45% and an EPS of around 00.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
Axcelis Technologies Inc.: Initiation of Coverage – The Silicon Carbide Revolution – How They’re Leading the Charge in Power Technology! – Major Drivers
- This is our first report on Axcelis Technologies.
- As the power market continues to strengthen, Axcelis is guiding for Q4 2023 revenue with a gross margin of approximately 45% and an EPS of around 00.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
Plexus Corp: Initiation of Coverage – Discover Their Secret Strategy for Growth In 2024! – Major Drivers
- This is our first report electronic manufacturing services provider, Plexus Corporation.
- The company’s Q4 2023 earnings, a significant takeaway includes the company’s impressive performance throughout the fiscal year.
- Plexus’ VP of Communications and Investor Relations, Shawn Harrison, emphasized the company’s focus on operational and customer service excellence, which ultimately led to strong financial results.
ECM Weekly (28th Jan 2024) – Renesas, FCT, Genda, Amer, Guming, FirstCry, Thai Credit
- Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
- On the IPO front, we continued our coverage of Amer Sports (AS US) and Thai Credit Bank, along with Guming Holdings and FirstCry.
- Japan continued to be the driver for placements with Renesas Electronics (6723 JP)‘s large selldown.
United States Cellular Corporation: Initiation of Coverage – What Is Their Biggest Competitive Advantage? – Major Drivers
- This is our first report on UScellular, a leading regional wireless network operator in the US.
- The company has been focusing on improving its fiscal outcomes while concurrently innovating in its network capabilities and service offerings.
- We have added reasonable forecasts of the annualized income statement and cash flows and carried out a DCF valuation of the company using its Weighted Average Cost of Capital (WACC) to determine a forecasted share price.
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