In today’s briefing:
- HK Connect SOUTHBOUND Flows (To 11 Apr 2025); Record Net Buying
- TSMC Q125 Earnings Preview
- Taiwan Tech Weekly: TSMC 1Q25 Results & The 2nm Frontline; Mediatek Vs. TSMC Valuation; PC 1Q25 Data
- Kinatico Ltd – SaaS revenue now 50% of total revenue
HK Connect SOUTHBOUND Flows (To 11 Apr 2025); Record Net Buying
- Q1 saw record quarterly inflows by SOUTHBOUND investors at HK$435bn, beating the previous record of Q1 2021 by more than HK$100bn. The first two weeks in April were HK$145bn.
- The first two weeks in April were HK$145bn as what appeared to be national team, or equally patriotic buyers, showed up droves to buy financials, energy, telecoms, and big techs.
- Included is a summary of important China Stocks-relevant news as I saw it this week, but frankly, the only thing that matters is the back and forth by the Donald.
TSMC Q125 Earnings Preview
- TSMC reported March 2025 revenues of NT$285.96 billion, up 10% MoM and up 46.5% YoY.
- Revenue for January through March 2025 totaled NT$839.25 billion, an increase of 41.6% YoY.
- At the forecasted exchange rate of NT$32.8 to the US$, this translates into Q125 revenues of $25.58 billion, marginally above the guided midpoint of $25.4 billion
Taiwan Tech Weekly: TSMC 1Q25 Results & The 2nm Frontline; Mediatek Vs. TSMC Valuation; PC 1Q25 Data
- TSMC’s Next Leap: 1Q25 Earnings Ahead and the 2nm Frontline
- Is the Valuation Divergence Justified? Mediatek Vs TSMC Valuation Compared
- PC 1Q25: 5% YoY Growth but Shipments Inflated Ahead of US Tariffs. Dream of a Refresh Cycle Continue
Kinatico Ltd – SaaS revenue now 50% of total revenue
- Kinatico Ltd (ASX:KYP) is a ‘Know Your People’ regtech company providing workforce compliance monitoring and management technology and services.
- The company has announced that total revenue in Q3 increased 15% to $8.1m, with higher-margin SaaS (Software as a Service) revenue making up 50% of the total.
- SaaS revenue grew 60% in the quarter on the previous corresponding period (pcp) to $4m and is tracking at $16m on an annualised basis.
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