In today’s briefing:
- Quiddity Mar25 Nikkei 225 Rebal: Likely 2 IN, 2 OUT, Again; Minimal Surprise Factor
- Shinko Electric (6967 JP) Takeover – Still Buy Dips, and Ibiden (4062 JP)
- Google Q3 2024 Earnings Preview: AI Investments, Antitrust Battles, and Advertising in Focus
- NVIDIA’s “Insane” Blackwell Demand & The New NVLM Model – Can It Redefine AI Computing in 2025?
- Why Reservoir Media May Be Significantly Undervalued – Irenic Capital’s Bold Take!
- Endava plc: Partnership With OpenAI
- FactSet Research Systems: How Is It Dealing With The Risk of Aligning With Evolving Data Demands & Other Challenges? – Major Drivers
- Corpay Inc.: Product Innovation & Market Fit As A Key Growth Catalyst! – Major Drivers
- Clear Secure Inc.: How Will It Deal With The Challenge of Scaling Infrastructure Reliably? – Major Drivers
- Lalatech IPO | Review of H124 Financials & Operating Stats | Strike While the Iron Is Hot-Ish?
Quiddity Mar25 Nikkei 225 Rebal: Likely 2 IN, 2 OUT, Again; Minimal Surprise Factor
- The Sep24 Nikkei 225 Rebal was odd. They could have done 3. They did 2. For now, I see 2 IN and 2 OUT for the Mar25 Nikkei 225 Rebal.
- There is also a capping event for Fast Retailing which on mild outperformance could become a double-capping event.
- There is a bit of a tech bent to potential ADDs. Some Consumer Goods stocks need stock splits to get in. The Committee will regret not adding PPIH last time.
Shinko Electric (6967 JP) Takeover – Still Buy Dips, and Ibiden (4062 JP)
- In August, Shinko Electric Industries (6967 JP) announced that the JIC consortium Tender Offer due to be launched by end-August would be delayed. Next update? January 2025.
- Everyone had expected a delay, but the stock fell. Then tech/AI fell out of bed, Ibiden crashed, China export restrictions noise/pushback caused further upset. But Ibiden and tech are rebounding.
- At 9% it was a raging buy;post-dip at 7% it was good. Now it’s 6+%. Still wide, still interesting, still stable but year-end path dependency… So I still like Ibiden.
Google Q3 2024 Earnings Preview: AI Investments, Antitrust Battles, and Advertising in Focus
- Google’s AI infrastructure spending remains a priority, with capex exceeding $12 billion per quarter, highlighting aggressive expansion in cloud and AI-driven services.
- Competition from Meta and TikTok has pressured Google’s advertising, especially YouTube. Q3 performance will gauge its ability to maintain dominance in digital ads.
- Ongoing antitrust trials pose a long-term risk to Google’s business operations, particularly in search and advertising. Potential regulatory action could impact future growth strategies.
NVIDIA’s “Insane” Blackwell Demand & The New NVLM Model – Can It Redefine AI Computing in 2025?
- NVIDIA (NASDAQ: NVDA) is on the brink of yet another significant leap in AI computing with its latest Blackwell GPU, as CEO Jensen Huang recently emphasized in an interview with CNBC.
- Describing the demand as “insane,” Huang noted that Blackwell is already in full production and on track to be released to data centers for AI applications, with consumer availability slated for 2025.
- The company’s growth, particularly in its Data Center division, has been fueled by AI workloads, driven by GPU computing, networking platforms, and accelerated AI demand.
Why Reservoir Media May Be Significantly Undervalued – Irenic Capital’s Bold Take!
- Reservoir Media, a company known for its engagement with talent and diverse music assets, delivered mixed results in its first quarter of fiscal year 2025.
- Like many companies in the music industry, it is navigating a complex landscape influenced by digital transformations and global market trends.
- On the positive side, Reservoir Media experienced notable growth in its Music Publishing segment, showing a 15% increase in revenue.
Endava plc: Partnership With OpenAI
- Endava, a global IT services provider, recently reported its earnings for the fourth quarter and the full fiscal year 2024.
- Amid a challenging economic climate, the company underscored its strategic maneuvers and repositioning efforts, all while navigating noticeable headwinds in revenue growth, client demand fluctuations, and transformative industry shifts influenced by advancements in artificial intelligence (AI).
- 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.
FactSet Research Systems: How Is It Dealing With The Risk of Aligning With Evolving Data Demands & Other Challenges? – Major Drivers
- FactSet, a global financial data and software company, recently disclosed its fourth quarter and full-year fiscal 2024 results.
- The company reported an annual organic ASV plus professional services growth of $104 million or 4.8%, a figure aligning with its forecasts.
- Its total annual revenue climbed to $2.2 billion while adjusted operating margin improved to 37.8%, and adjusted earnings per share (EPS) increased to $16.45, evidencing a 12.3% growth.
Corpay Inc.: Product Innovation & Market Fit As A Key Growth Catalyst! – Major Drivers
- The latest earnings for Corpay outlined a comprehensive narrative of the company’s financial performance for the second quarter of 2024, its progress in addressing challenges, and strategic actions aimed at shaping its business landscape.
- Starting with financials, Corpay reported that its Q2 2024 revenue stood at $976 million, marking a 7% increase, excluding the impact from the Russian market.
- The adjusted cash EPS was announced to be at $4.55, up by 14%, also excluding Russia.
Clear Secure Inc.: How Will It Deal With The Challenge of Scaling Infrastructure Reliably? – Major Drivers
- Clear Secure remains steadfast in its commitment to grow its member base, enhance the customer experience, and improve its financial stability, with several significant developments detailed in the fiscal second quarter 2024 earnings call.
- The company reported robust growth, adding 2.3 million new members, and highlighted its innovative projects, like the implementation of new technologies to make travel and identity verification smoother and more integrated.
- 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.
Lalatech IPO | Review of H124 Financials & Operating Stats | Strike While the Iron Is Hot-Ish?
- In a new filing with HKEX, we can see Lalatech’s revenue growth slow
- The company’s grip on CoR loosened, but OpEx growth in H1 was minimal
- Given improving market conditions, we believe Lalatech may finally sell shares
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