In today’s briefing:
- SK Hynix. Making HBM While AI Shines
- Last Week in Event SPACE: NTT, Delta Electronics, Fortescue Metals, Nomura Real Estate
- ECM Weekly (30th July 2023) – Tryt, Genda, Cinema XXI, Abacus, Robosense, Qiniu, Muthoot, LianLian
SK Hynix. Making HBM While AI Shines
- SK Hynix’s Q2’23 revenue increased ~50% QoQ with bit shipment growth of ~35% for DRAM, ~50% for NAND
- AI-Driven demand for DDR5 & HBM pushed DRAM QoQ ASP growth into positive territory for the first time in 9 months.
- But it’s still stormy weather ahead as mainstream DRAM, along with NAND ASPs continue their downward slide
Last Week in Event SPACE: NTT, Delta Electronics, Fortescue Metals, Nomura Real Estate
- NTT (9432 JP) will likely buy back more shares than previously expected as the government sells shares down. Buy dips vs peers KDDI and Softbank Corp. This is a long-term tilt.
- There are some doubts over the fate of Delta Electronics Thai (DELTA TB)‘s SET50 membership, at present, but it should escape deletion in December 2023.
- Don’t punt Fortescue Metals (FMG AU) on the off-chance of a change of control in the wake pf the Forrest split. If anything, there might be a leakage of shares.
ECM Weekly (30th July 2023) – Tryt, Genda, Cinema XXI, Abacus, Robosense, Qiniu, Muthoot, LianLian
- Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
- In the IPO space, the coming week will see Cinema XXI listing.
- Given that we are in the middle of earnings season, there were no new placements this week.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
