In today’s briefing:
- MSCI Korea Index Rebalance: Kakao Pay Included
- ECM Weekly (12th Feb 2023) – Hesai, Oasis, Mankind, Greatpower, Ruipeng, CATL, Nissan/Renault
- EQD | Volatility Update: Weekly Review of Vol Changes and Best Trades
- Electronic Arts (EA): Collaboration With Marvel Entertainment & Other Drivers
- Bill.com Holdings: Major Drivers
- KLA Corp: New Equipment Launch & Other Drivers
- Corning Inc: Gorilla Glass Victus 2 & Other Developments
MSCI Korea Index Rebalance: Kakao Pay Included
- MSCI announced its MSCI Korea index rebalance on 10 February. Kakao Pay (377300 KS) was the only company to be included in the MSCI Korea index.
- There were also nine Korean companies included in MSCI Small Cap index including Osstem Implant, DearU, and ISC Co.
- Hanwha Aerospace (012450 KS) and Ecopro Co Ltd (086520 KS) are higher probability potential candidates for inclusion in MSCI Korea Index rebalance in May.
ECM Weekly (12th Feb 2023) – Hesai, Oasis, Mankind, Greatpower, Ruipeng, CATL, Nissan/Renault
- 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, Hesai Group (HSAI US) provided the first Asia linked listing for the year.
- Things were quiet on the placement front owing to the annual earnings reporting season.
EQD | Volatility Update: Weekly Review of Vol Changes and Best Trades
- Weekly summary of vol changes and moves across Global Markets
- Analysing ATM volatility and skew changes over the last 5 days
- We suggest a few trades to take advantage of the implied vol surfaces
Electronic Arts (EA): Collaboration With Marvel Entertainment & Other Drivers
- Electronic Arts delivered a mixed set of results in the last quarter.
- In the quarter more than 10 million new players entered into the community which drives strong engagement.
- The player network of EA also continues to grow and its flagship, EA SPORTS FIFA delivered strong engagement this quarter across the company’s entire ecosystem.
Bill.com Holdings: Major Drivers
- Bill.com generated decent second-quarter result with revenues beyond market expectations and narrower-than-expected losses.
- Its extensive and expanding partner and network ecosystem offered a competitive advantage by allowing them to access new firms efficiently.
- With the joint objective of generating additional value for SMBs, they collaborate with an SMB’s most reliable advisors, including their accounting firms and financial institutions.
KLA Corp: New Equipment Launch & Other Drivers
- KLA Corp managed to deliver an all-around beat in its last quarterly results, demonstrating steady execution despite the supply chain issues.
- Their customers also continue to invest in technological transitions regardless of the business situation which is a good sign.
- Among new launches, KLA Corporation introduced the Axion T2000 X-ray metrology equipment for memory chip producers that could become a good revenue driver.
Corning Inc: Gorilla Glass Victus 2 & Other Developments
- Corning faced the impact of a series of pandemic-driven effects during the last quarter but the company managed to deliver an all-around beat.
- The purchase of laptops, tablets, smartphones, televisions, and cars was below the company’s estimation in the last quarter.
- 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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