In today’s briefing:
- Samsung SDI Capital Raise: A Mega Deal Rarely Seen in the Local Market
- Dividends, Volatility, and Profits: HSI and HSCEI Heavyweights Reveal Results, 17 – 21 March
- Intuit’s Expansion & Implementation of AI Technologies – Will It Cause A Major Jump In The Top-Line?
- Samsung SDI: Announces a 2 Trillion Won Rights Offering Capital Raise
- Keysight Technologies: 6 Major Elements Impacting Its 2025 Performance & Beyond!
- First Solar Inc.: Is The Expansion of U.S. Manufacturing Capacity A Positive Sign?
- Workday Inc.: How Is It Capitalizing On The AI Upsell Opportunities?
- Tech Supply Chain Tracker (15-Mar-2025): Top-3 memory maker by 4Q24.
- Nvidia’s Rollercoaster Ride: Why Volatility Will Define Its Future!
- Dassault Systèmes SE (DSY FP): Understanding 3D Universes
Samsung SDI Capital Raise: A Mega Deal Rarely Seen in the Local Market
- The discount’s tight, but this near-2-trillion-won raise is a rare mega-deal in Korea, despite the issuance ratio below 20%.
- Samsung Electronics is in for 150 billion won, but plenty of supply remains. A smooth clearance? Unlikely. This could drive stock rights costs lower as price discovery unfolds.
- The optimal approach is to wait for a decline in rights prices and assess hedge costs through single stock futures (or TRS, if doable), given the shorting restrictions.
Dividends, Volatility, and Profits: HSI and HSCEI Heavyweights Reveal Results, 17 – 21 March
- Over a dozen Hang Seng Index companies (31% of index weight) report next week, along with significant portions of HSCEI (38%) and Hang Seng TECH Index (32%) components.
- The four index heavy-weights Xiaomi Corp, Tencent, China Mobile, and Meituan all report next week.
- Weekly options expiring March 21 provide targeted instruments for traders looking to capitalize on earnings-related price movements.
Intuit’s Expansion & Implementation of AI Technologies – Will It Cause A Major Jump In The Top-Line?
- Intuit, a prominent player in the financial technology sector, recently reported its second quarter earnings for fiscal year 2025, showcasing a robust performance across various segments.
- The company reported a substantial 17% increase in total revenue, reaching $4 billion, and demonstrated significant profitability with a 61% rise in GAAP operating income.
- Non-GAAP operating income also saw an impressive increase of 26%, highlighting operational efficiencies.
Samsung SDI: Announces a 2 Trillion Won Rights Offering Capital Raise
- On 14 March, Samsung SDI (006400 KS) announced a 2 trillion won (US$1.4 billion) rights offering capital raise plan.
- Samsung SDI’s 2 trillion won capital raise is likely to have a near-term negative impact on the company’s share price.
- We are negative on Samsung SDI’s rights offering capital raise mainly due to shares dilution. We also remain concerned that weak demand for EVs globally could last longer.
Keysight Technologies: 6 Major Elements Impacting Its 2025 Performance & Beyond!
- Keysight Technologies delivered a strong fiscal first-quarter 2025 performance, underpinned by robust revenues and profitability that exceeded the high-end of its guidance.
- The company reported revenues of $1.3 billion and earnings per share of $1.82, both above expectations, marking the first core revenue growth in six quarters driven by the Communications Solutions Group and stabilization in the Electronic Industrial Solutions Group.
- Orders saw a year-over-year increase for the second consecutive quarter, highlighting improving sales funnels and customer engagements.
First Solar Inc.: Is The Expansion of U.S. Manufacturing Capacity A Positive Sign?
- First Solar presented a mixed set of results for its financial performance in 2024 and discussed objectives for 2025.
- The company recorded 2024 net sales of $4.2 billion, a 27% increase from the previous year, reflecting robust demand marked by the sale of a record 14.1 gigawatts of modules.
- However, full-year diluted earnings per share of $12.02 missed the lower end of guidance, largely influenced by unexpected costs and operational inefficiencies.
Workday Inc.: How Is It Capitalizing On The AI Upsell Opportunities?
- Workday’s recent earnings report presents a mixed picture, offering both promising and challenging aspects that investors should consider.
- On the positive side, Workday demonstrated solid fiscal fourth-quarter 2025 performance, with subscription revenue growing by 16% to $2.04 billion, and a notable non-GAAP operating margin of 26.4%.
- For the full fiscal year 2025, the company saw its total revenue climb by 16% to $8.45 billion, underscoring strong demand for Workday’s offerings.
Tech Supply Chain Tracker (15-Mar-2025): Top-3 memory maker by 4Q24.
- By the 4th quarter of 2024, ByteDance is among the top 3 global memory manufacturers, showing significant growth in their market share.
- ByteDance has open-sourced COMET to enhance LLM training efficiency by 1.7x, which is expected to boost the effectiveness of Machine Learning models.
- Ajai Chowdhry highlights India’s potential in chip design, emphasizing it as a key strength that should not be overlooked in the tech industry.
Nvidia’s Rollercoaster Ride: Why Volatility Will Define Its Future!
- NVIDIA Corporation recently concluded its fourth quarter of fiscal year 2025 with impressive results, highlighting its continued dominance and growth in the data center and AI markets.
- Revenue for the quarter stood at a record $39.3 billion, marking a 12% sequential increase and a substantial 78% year-on-year growth.
- For the full fiscal year 2025, NVIDIA reported revenues of $130.5 billion, a remarkable 114% increase from the previous year.
Dassault Systèmes SE (DSY FP): Understanding 3D Universes
- 3D Universes is a new platform that integrates virtual twins, GenAI, and virtual companions to support product lifecycles and data, aiming to revolutionise the design, simulation, and operation of products.
- 3D Universes enhances Dassault Systèmes’ ability to leverage legacy data and improve virtual product development, distinguishing itself from competitors by ensuring regulatory compliance and intellectual property protection.
- The company’s growth is supported by large deals like the one with Volkswagen, highlighting the potential for expanded revenue through long-term subscriptions and the adoption of 3D Universes across industries.
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