In today’s briefing:
- Shinko Electric (6967) – Waiting for a Package
- Who Is Lina Khan? Why Should Investors Bother?
- High Conviction Shift: Another Upbeat Quarter; Wipes Off Concerns Over an Earnings Slowdown
- Quiddity Leaderboard SSE50/180 Dec 23: Triple Impact Possible for Hygon Info Tech (688041 CH)
- RingCentral Inc: How $330 Million ARR is Changing the UCaaS + CCaaS Game! – Major Drivers
- Digital Turbine Inc.: Partnership Expansion Alert! New Deals with Google Cloud & SADA! – Major Drivers
- BlackBerry Limited: The Veritas Offer
- Lumentum Holdings Inc.: The Game-Changing Role of VCSELs in Tomorrow’s AI & ML Technologies! – Major Drivers
- Accenture plc: Can The Latest Investments In AI
- Peloton Interactive Inc.: Unveiling Peloton for Business – The Secret Weapon Fueling Momentum! – Major Drivers
Shinko Electric (6967) – Waiting for a Package
- Shinko Electric Industries (6967 JP) has been on the block. 2nd Round Bids were apparently due last month, but with “Economic Security” considerations, one wonders if that stretches a bit.
- The stock is now at the low end of its range vs Ibiden, and the timing is right for a deal which could give it a pop.
- A “split price” takeover seems reasonable as a structure. I expect upside. Still.
Who Is Lina Khan? Why Should Investors Bother?
- If you’re an investor in any firm with some form of dominance in US markets, then you need to know who Ms Lina Khan is.
- Corporate misbehavior is a topic of her interest. She shows zero tolerance towards large corporations who wield outsized market power.
- FTC along with 17 US states filed a lawsuit against Amazon for illegally maintaining monopoly power. How will Amazon be impacted?
High Conviction Shift: Another Upbeat Quarter; Wipes Off Concerns Over an Earnings Slowdown
- Shift Inc (3697 JP) reported 4Q and full-year FY08/2023 results today. 4Q revenue increased 38.2% YoY while OP more than doubled during the quarter. Both revenue and OP beat consensus estimates.
- Full-Year revenues and OP increased 35.7% and 67.4% respectively beating consensus estimates by 1.2% and 67.4% respectively. Both revenue and OP were above the company’s own guidance.
- Shift’s share price has dropped by about 17% since August as market became concerned over the growth prospects, however, share price has started to move up.
Quiddity Leaderboard SSE50/180 Dec 23: Triple Impact Possible for Hygon Info Tech (688041 CH)
- The SSE 50 and SSE180, respectively, aim to represent the performance of the 50 and 180 largest and most liquid A-share stocks listed on the Shanghai Stock Exchange.
- In this insight, we take a look at our final expectations for potential index changes for SSE 50 and SSE 180 during the December 2023 Rebalance event.
- I currently expect 5 ADDs/DELETEs for the SSE 50 index 18 ADDs/DELs for the SSE 180 index. Some of these names are different from my previous expectations.
RingCentral Inc: How $330 Million ARR is Changing the UCaaS + CCaaS Game! – Major Drivers
- RingCentral Inc. managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.
- The profit increase also resulted in another quarter of significant free cash flow.
- Revenue from subscriptions increased 11% year over year to $514 million.
Digital Turbine Inc.: Partnership Expansion Alert! New Deals with Google Cloud & SADA! – Major Drivers
- Digital Turbine, Inc. delivered mixed results for the previous quarter, with revenues above the analyst consensus.
- With $146.4 million in revenue, $27 million in EBITDA, and non-GAAP earnings per share of $0.18, the company demonstrated significant improvement compared to the previous quarter.
- Continuing the multi-year partnership will enhance Digital Turbine’s rate of innovation and expand its scale to a greater extent.
BlackBerry Limited: The Veritas Offer
- BlackBerry Limited delivered a mixed result in the recent quarter, with revenues below market expectations but it managed to surpass the analyst consensus in terms of earnings.
- In the automotive sector, QNX triumphed with 20 new design wins in the auto industry and seven in general embedded market verticals.
- This quarter, the company added acoustic middleware to its offerings, indicating a promising new market for software-defined acoustics.
Lumentum Holdings Inc.: The Game-Changing Role of VCSELs in Tomorrow’s AI & ML Technologies! – Major Drivers
- Lumentum Holdings Inc. surpassed the revenue expectations as well as the earnings expectations of Wall Street.
- Despite inventory challenges in the second half of fiscal year ’23, the company achieved a 3% increase in full-year revenue from fiscal year ’22.
- While fiscal 2024 3D sensing revenue is projected to be lower than fiscal ’23 due to market dynamics and competition, the company achieved sequential growth in Commercial lasers revenue, driven by applications in solar cell processing.
Accenture plc: Can The Latest Investments In AI
- Accenture plc delivered a mixed set of results in its most recent results, with revenues falling short of Wall Street expectations but above-par earnings.
- Accenture now boasts a roster of 300 Diamond clients, underscoring its extensive capabilities and the trust these clients place in its services.
- The company is poised to leverage opportunities in cloud migration, modern ERP, data and AI, and the emerging Gen AI space.
Peloton Interactive Inc.: Unveiling Peloton for Business – The Secret Weapon Fueling Momentum! – Major Drivers
- Peloton Interactive, Inc. delivered a mixed set of results for the previous quarter with revenues above the analyst consensus.
- The company has witnessed a remarkable surge in engagement with Generation Z, successfully capturing individuals at the outset of their fitness journeys.
- The introduction of Peloton for Business has been a notable success, contributing positively to the company’s momentum.
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