In today’s briefing:
- The Conundrum for Samsung – What to Do Foundry?
- LINE Gift up 330% in 2021
- India Autos | Q3 Review and Channel Map – Escorts, Mahindra & Mahindra
- KnowBe4: Hidden Gem Growth Stock In the Cybersecurity Space
- Rohm (6963 JP): Probably Won’t Buy Toshiba’s Electronic Devices Business
The Conundrum for Samsung – What to Do Foundry?
- Samsung Electronics (005930 KS) goal to be the #1 semi player in the world in danger
- An internal business audit being performed which is an indication of what to do with strategy
- TSMC (2330 TT) has always been the benchmark; does the focus change ?
LINE Gift up 330% in 2021
- LINE Gift is fast becoming the most popular way to send gifts of all kinds, even traditional gifts sent at mid-year and New Year.
- This is good news for Z Holdings (4689 JP) and Softbank, as well as LINE, as the gifting platform acts as a unifying point for their disparate e-commerce platforms.
- Although the corporate gift market is in decline, personal gift giving remains a growth market, offering further upside.
India Autos | Q3 Review and Channel Map – Escorts, Mahindra & Mahindra
- We analyze Q3 FY22 results for Escorts Ltd (ESC IN) & Mahindra & Mahindra (MM IN) with a primary focus on farm equipment (Tractor) divisions.
- High base, price increases and a move to support dealers indicate muted volumes ahead for Escorts Ltd (ESC IN).
- For Mahindra & Mahindra (MM IN), valuations are compelling, auto volumes are good, but recovery in farm equipment remains the key catalyst for outperformance.
KnowBe4: Hidden Gem Growth Stock In the Cybersecurity Space
- KnowBe4 (KNBE US) is the world’s largest security awareness training platform, teaching people how to recognize bad phishing, bad social engineering scenarios and report to management.
- The most notable ransomware attacks began with social engineering, and social engineering has remained a top threat for the last five years, according to a report released by Verizon.
- We like the company’s cash generating SaaS model, strong balance sheet, and multi-product approach targeting SMBs and the enterprise market worldwide.
Rohm (6963 JP): Probably Won’t Buy Toshiba’s Electronic Devices Business
- Based on following the company for 25 years, I agree with Mio Kato: I do not think Rohm would or should acquire Toshiba’s power semiconductor operations.
- It would violate Rohm’s commitment to a sound financial structure and saddle it with an integration problem that might never be solved.
- Far better to keep working with the NEDO power device consortium while continuing to expand and improve its own power device business.
Related tickers: Samsung Electronics (005930.KS), LINE Corp (3938.T), Escorts Ltd (ESCO.NS), ROHM Co Ltd (6963.T)
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