In today’s briefing:
- Tuya Inc (TUYA US/2391 HK): Third Listing A Charm? Not So Fast …
- Qualcomm’s $4 Billion PC Chip Bet: Can It Dominate Beyond Smartphones?
- Why Ancora Thinks Harmonic Inc. Should Explore a Strategic Sale: What Investors Need to Know!
- SDOT: Sadot Group reports 3rd quarter 2024 financial and operating results which showed strong growth in commodity related revenues.
- Amer Sports (AS US): An Engine for Anta Sports (2020 HK)
- Ralph Lauren: Product Innovation & Portfolio Diversity As A Vital Factor Driving Growth! – Major Drivers
- Sunrun Inc.: An Insight Into Its Inflation Reduction Act & Bipartisan Support & Other Major Drivers
- The Drill: Commodities post Trump election
- Five9 Inc.: Can Its Strategic Market Expansion Give Them A Competitive Advantage? – Major Drivers
- Capri Holdings Limited: Cost Structure Optimization As A Pivotal Factor Driving Growth! – Major Drivers
Tuya Inc (TUYA US/2391 HK): Third Listing A Charm? Not So Fast …
- Tuya Inc (TUYA US/2391 HK), a leading IoT cloud platform in China, was listed on the 18th March 2021 at US$21.00/ADS. The share price is currently down 92.5%.
- Tuya subsequently established a primary dual-listing in Hong Kong on the 5th July 2022, priced at HK$19.30/share. Those shares are down ~23%
- Temasek-Backed 65 Equity Partners has now acquired a 13% stake (equivalent to ~6.2% of the voting rights) in Tuya, with a view to establishing a secondary listing on the SGX.
Qualcomm’s $4 Billion PC Chip Bet: Can It Dominate Beyond Smartphones?
- Qualcomm is aggressively pushing into the PC market, aiming to transform its identity from a mobile chip giant to a diversified computing powerhouse.
- At its recent investor day, Qualcomm announced bold revenue projections of $4 billion from PC chips by 2029, alongside significant strides in automotive, industrial IoT, and XR markets.
- This marks a pivotal moment as Qualcomm ventures beyond its traditional smartphone business, which currently accounts for 75% of its chip revenue.
Why Ancora Thinks Harmonic Inc. Should Explore a Strategic Sale: What Investors Need to Know!
- Harmonic reported record results for the third quarter of 2024, with total company revenue and profitability exceeding expectations.
- The company’s Broadband and Video segments both contributed significantly to this performance, showcasing strong execution on business plans.
- The Broadband revenue reached $145.3 million, marking a 92% year-over-year increase and a 56% sequential increase.
SDOT: Sadot Group reports 3rd quarter 2024 financial and operating results which showed strong growth in commodity related revenues.
- In late 2022, the company began its evolution from a consumer-focused, U.S. restaurant business into a global, food-focused organization with two distinct business units.
- The company’s largest operating unit is Sadot Agri-Foods, which is a vertically integrated international food supply chain company engaged in trading and shipping sustainable food and commodities such as soybeans, wheat and corn.
- Sadot’s legacy restaurant business is currently in the process of being divested.
Amer Sports (AS US): An Engine for Anta Sports (2020 HK)
- Contribution from Amer Sports (AS US) will rise to 5.1%, 7.2%, and 8.9% of Anta Sports Products (2020 HK)‘s earnings in FY24-26, making it increasingly important.
- Amer turned around sharply YoY in 3Q24 with a net profit of US$55.8m. Its gross margin sustained an uptrend, with excellent potential for business growth in Greater China.
- Positive guidance on FY25 outlook with a low-double-digit-to-mid-teens level revenue growth, further expansion in operating margin, and continuous cuts in net finance costs.
Ralph Lauren: Product Innovation & Portfolio Diversity As A Vital Factor Driving Growth! – Major Drivers
- Ralph Lauren Corporation’s second-quarter fiscal year 2025 results highlighted several areas of progress and challenges within the company.
- The company’s ability to outperform in a choppy global operating environment and deliver growth across various metrics underscores the effectiveness of its diversified growth strategy.
- Ralph Lauren continues to cement brand desirability and strong engagements across a broad and expanding consumer base, driven by substantial investments in brand-building initiatives and marketplace positioning.
Sunrun Inc.: An Insight Into Its Inflation Reduction Act & Bipartisan Support & Other Major Drivers
- Sunrun’s third-quarter earnings report for 2024 presents an intricate picture of the company’s operational and financial landscape amid both progress and challenges in the renewable energy sector.
- On the positive side, Sunrun achieved a significant milestone by reaching over one million customers, marking a substantial increase in its customer base.
- The company’s focus on expanding its storage offerings is noteworthy, with 60% of new customers opting for storage packages, a notable rise from the previous year’s 33%.
The Drill: Commodities post Trump election
- The Drill: Could nuclear be the next Trump bet?
- This week’s The Drill examines commodities in the aftermath of Trump’s election, where calm has begun to return as risks were initially overestimated.
- Nuclear energy is likely an underappreciated theme in the new Trump administration, while tariff threats appear overblown.
Five9 Inc.: Can Its Strategic Market Expansion Give Them A Competitive Advantage? – Major Drivers
- Five9 Inc., a leading provider in the cloud-based contact center software space, demonstrated several key positives and potential challenges in their latest financial results and business activities.
- The company’s focus on artificial intelligence (AI) and advanced cloud-based customer engagement solutions has contributed positively to its growth trajectory.
- 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.
Capri Holdings Limited: Cost Structure Optimization As A Pivotal Factor Driving Growth! – Major Drivers
- Capri Holdings Limited reported mixed financial results for the fourth quarter and the full fiscal year 2023, navigating a challenging economic environment while demonstrating resilience across its luxury brands—Versace, Jimmy Choo, and Michael Kors.
- The company achieved a high-single-digit increase in revenue and mid-single-digit growth in earnings per share on a constant-currency basis over the fiscal year.
- However, the results fell short of initial expectations, particularly in the wholesale channel, which experienced significant declines.
💡 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
