In today’s briefing:
- MediaTek (2454.TT): Dimensity 9400 Unveiled in Sep; 2Q24F Sales Could Be a Bit Higher than 1Q24F.
- End of Mandatory Lock-Up Periods for 46 Companies in Korea in April 2024
- Micron Technology: HBM Product Adoption
- FactSet Research Systems Inc.: Substantial Pipeline & Competitive Displacements! – Major Drivers
- Accenture plc: Focused M&A & GenAI Momentum Propelling Their Growth! – Major Drivers
MediaTek (2454.TT): Dimensity 9400 Unveiled in Sep; 2Q24F Sales Could Be a Bit Higher than 1Q24F.
- Mediatek Inc (2454 TT) Dimensity 9400 is expected to be released in September 2024F.
- Artificial Intelligence (AI) is a trending topic, and MediaTek is adapting by emphasizing Generative AI functionality in its Dimensity 9300 and 9400 smartphone models.
- The smartphone market is expected to recover in 2024F, with MediaTek’s revenue in the second quarter potentially surpassing the first quarter.
End of Mandatory Lock-Up Periods for 46 Companies in Korea in April 2024
- We discuss the end of the mandatory lock-up periods for 46 stocks in Korea in April 2024, among which 6 are in KOSPI and 40 are in KOSDAQ.
- These 46 stocks on average could be subject to further selling pressures in April and could underperform relative to the market.
- The top three market cap stocks including those of which at least 1% of outstanding shares could be sold in April include APR, Angel Robotics, and Samhyun.
Micron Technology: HBM Product Adoption
- Micron Technology’s Fiscal Second Quarter 2024 Earnings showcased a lean towards optimism with some cautionary notes.
- It was revealed that the Micron sees substantial demand for High Bandwidth Memory (HBM) which has even surpassed their expectations and as such the HBM supply for 2024 is already sold out, with most of 2025’s capacity also already allocated.
- This is due in part to the product’s high performance specs and 30% lower power consumption.
FactSet Research Systems Inc.: Substantial Pipeline & Competitive Displacements! – Major Drivers
- FactSet Research Systems Inc., a multinational financial data and software company, posted a mixed result for its second fiscal quarter of 2024.
- Despite enduring difficult market conditions and an industry rife with uncertainties, FactSet revealed a year-over-year growth of 5.4% in organic ASV plus professional services.
- The quarter-end showed over 8,000 clients with 75 net new logos added.
Accenture plc: Focused M&A & GenAI Momentum Propelling Their Growth! – Major Drivers
- Accenture’s Q2 financials reflect its ability to prosper amidst economic uncertainties due to the deep trust its clients place in it, its aptitude in handling complex core work and its strategic global positioning.
- The firm’s Q2 earnings indicate a persistence of momentum.
- They executed a significantly large number of sizable deals which elevated their positioning to capture more growth in the future, as spending continues to rise.
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