In today’s briefing:
- Kokusai Electric Pre-IPO – The Positives – Well Established with High Market Share
- Kokusai Electric (6525 JP) IPO – Index Demand On The Follow
- Quiddity Leaderboard T50/100 Dec 23: U-Ming Marine TDIV Deletion Not Far Away
- KOSDAQ 150 Rebalance Candidates in December 2023
- Kokusai Electric Pre-IPO – The Negatives – Can’t Avoid the Cycles
- Palantir Technologies Inc.: Why Their Commercial Business in the US is Soaring! – Major Drivers
- Carly Holdings (ASX:CL8) – 100% Revenue Growth Follows from Fleet Expansion
- Akamai Technologies Inc.: The True Reasons Behind the Acquisition from StackPath! – Major Drivers
- BlackLine Inc.: Launch of AI-Enabled Intercompany Accounting Tool & Other Major Drivers
- Sabre Corporation: Can The Acquisition Of Techsembly Be A Game Changer? – Major Drivers
Kokusai Electric Pre-IPO – The Positives – Well Established with High Market Share
- KKR is looking to raise around US$750m via selling a stake in Kokusai Electric (6525 JP) (KE) in its Japan IPO.
- KE main business activities consist of the manufacturing, sales and maintenance service of semiconductor manufacturing equipment.
- In this note, we talk about the positive aspects of the deal.
Kokusai Electric (6525 JP) IPO – Index Demand On The Follow
- Niche Japanese Semiconductor Production Equipment specialist Kokusai Electric (6525 JP) last Thursday announced the TSE approved its late October IPO (with indicative pricing, shares to be sold, and initial prospectus).
- This insight looks at initial shareholder structure, selling group, post-IPO shareholder structure with index inclusion timing, and follow-on flow possibilities.
- At ¥435bn indicative market cap, it will be the largest IPO in Japan since pre-covid, despite coming in a cycle trough. I expect it will be hot.
Quiddity Leaderboard T50/100 Dec 23: U-Ming Marine TDIV Deletion Not Far Away
- In this insight, we take a look at the names leading the race to become ADDs/DELETEs for the T50 and T100 Indices for the December 2023 Rebalance.
- At present, I do not expect any index changes for the T50 index but there could be one change for the T100 index.
- More interestingly, out of the top 10 T100 Potential DELETEs, there are five TDIV members and it will be worth tracking their rankings over the next 2 months.
KOSDAQ 150 Rebalance Candidates in December 2023
- In this insight, we discuss the potential inclusion and exclusion candidates for the KOSDAQ 150 rebalance in December 2023.
- The 8 lowest market cap stocks in KOSDAQ 150 are among the main candidates to be excluded from the KOSDAQ 150 rebalance in December 2023.
- Potential inclusions for KOSDAQ 150 rebalance in December 2023 include Fadu, GigaVis, Jeio, PhilEnergy, and Manyo Factory.
Kokusai Electric Pre-IPO – The Negatives – Can’t Avoid the Cycles
- KKR is looking to raise around US$750m via selling a stake in Kokusai Electric (6525 JP) (KE) in its Japan IPO.
- KE main business activities consist of the manufacturing, sales and maintenance service of semiconductor manufacturing equipment.
- In this note, we talk about the not-so-positive aspects of the deal.
Palantir Technologies Inc.: Why Their Commercial Business in the US is Soaring! – Major Drivers
- Palantir Technologies maintained a GAAP operating income in Q2 and achieved GAAP profitability for the quarter.
- In Q2, Palantir closed deals in the US commercial market in about 30 sectors, including pharmaceuticals, energy, consumer goods, utilities, health care, construction, automotive, transportation infrastructure, etc.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
Carly Holdings (ASX:CL8) – 100% Revenue Growth Follows from Fleet Expansion
- Carly Holdings has announced 100% growth in subscription revenue in July/August against the September 2022 quarter.
- The annualised revenue run rate is now $3.0m vs $2.5m in the June 2023 quarter and Carly has maintained a strong ratio of subscription revenue to transaction value at 66%.
- These outcomes are in line with our base-case expectations for H1 FY24.
Akamai Technologies Inc.: The True Reasons Behind the Acquisition from StackPath! – Major Drivers
- Akamai Technologies, Inc. delivered a positive result and managed an all-around beat last quarter.
- Akamai is pursuing a completely different approach to cloud computing, making it fully distributed with many more points of presence than typical systems provide.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
BlackLine Inc.: Launch of AI-Enabled Intercompany Accounting Tool & Other Major Drivers
- BlackLine, Inc. surpassed the revenue expectations as well as the earnings expectations of Wall Street.
- BlackLine generated $145 million in total revenue in the quarter and $31 million in non-GAAP net profitability.
- BlackLine also completed its largest middle market transaction ever, driven by the demand for cutting-edge solutions to challenging intracompany workflows.
Sabre Corporation: Can The Acquisition Of Techsembly Be A Game Changer? – Major Drivers
- Sabre Corporation managed to exceed analyst expectations in terms of revenue as well as earnings.
- During the second quarter, the company reached its technology migration milestones, and it is still on schedule to meet its longer-term financial and operational objectives.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
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