In today’s briefing:
- HSCI Index Rebalance Preview: Robosense (2498 HK) Could Be Added in June
- UMC (2303.TT; UMC.US): 2Q14F in Line; Singapore Fab Expansion Received Adds.
- TKC (9746): Q1 FY09/24 Update
- Smartkarma Insights: iFAST Corp – A Profitable Fintech Player that Deserves More Investor Attention
- ARLO: Service Changes and Q1
- Oddity Tech Ltd.: Initiation Of Coverage – What Is The Significance of Brand & What Are The Product Range Expansions? – Major Drivers
HSCI Index Rebalance Preview: Robosense (2498 HK) Could Be Added in June
- There were only 12 new listings on the Main Board of the HKEX (388 HK) in the first quarter of the year. More than half the listings were in March.
- Of those stocks, we only see Robosense Technology (2498 HK) having a chance of being added to the HSCI in June and then into Southbound Stock Connect.
- There is a big lock-up expiry for Robosense Technology (2498 HK) in July and that should keep the stock under pressure.
UMC (2303.TT; UMC.US): 2Q14F in Line; Singapore Fab Expansion Received Adds.
- UMC expects macro uncertainties and cost headwinds to linger into 2H24.
- The P3 project has received strong support from the Singapore government with a US$5 billion Capex.
- UMC has seen high interest from customers for its 14nm capacity.
TKC (9746): Q1 FY09/24 Update
- TKC Corporation provides accounting and tax services to accounting firms (and client companies they advise), local governments, and others using its own computational centers, while subsidiary TLP Corp.
- In full-year FY09/23, the company reported consolidated sales of JPY71.9bn, operating profit of JPY14.3bn, recurring profit of JPY14.8bn, and net income attributable to owners of the parent of JPY10.8bn.
- TKC does not release a medium-term business plan. However, it is pursuing the following four objectives in close cooperation with TKC National Federation.
Smartkarma Insights: iFAST Corp – A Profitable Fintech Player that Deserves More Investor Attention
Smartkarma Insights: iFAST Corp – A Profitable Fintech Player that Deserves More Investor Attention
ARLO: Service Changes and Q1
- ARLO ) changed their subscription plans at the beginning of 2024 and Q1 results are expected to show little change in consumer habits since these pricing plans were instituted
- ARLO started 2024 with new pricing for its lowest subscription tier as cloud costs for such customers were more than the monthly subscription rate
- The focus of the first quarter results should remain on subscriber growth, especially as holiday period hardware sales begin to transition to paid subscription
Oddity Tech Ltd.: Initiation Of Coverage – What Is The Significance of Brand & What Are The Product Range Expansions? – Major Drivers
- ODDITY, a data-driven beauty platform, posted strong financial results, reaching two important milestones in 2023: surpassing $500 million in revenue and generating over $100 million of adjusted EBITDA. The company’s net revenue grew 57% to $509 million, while adjusted EBITDA surged 173% to $107 million.
- ODDITY’s online platform, launched only five years ago, currently has over 50 million users and is responsible for these robust financial results.
- 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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