reports
- Eric Morera
Dollar Index (DXY) Faces Continued Downtrend in Elliott Wave Bearish P...
The Dollar Index (DXY) has experienced a significant decline since President Trump’s tariff war intensified global trade tensions. From its peak on September 26, 2022, the Index has exhibited a clear bearish sequence. This decline aligns with an Elliott Wave structure, offering insights into potential future price action. The current bearish sequence is unfolding as a corrective zigzag pattern, labeled ((A))-((B))-((C)). Waves ((A)) and ((B)) have completed, and the Index is now in the ((C)) ...
- Eric Morera
Hindustan Copper Elliott Wave: Blue Box Support Delivers Another Bulli...
Hindustan Copper Ltd. (HINDCOPPER) Elliott Wave Analysis: Blue Box Wins Again, Bulls Take Control Hindustan Copper Ltd. (HINDCOPPER) continues to respect the principles of Elliott Wave Theory, as the recent price action once again validated the power of the Blue Box area. Over the past few months, the stock underwent a deep and complex correction, but as anticipated, buyers showed up exactly where they were expected—within the Blue Box support zone. This reinforces the reliability of the Blue...
- Cosmin Filker
- Matthias Greiffenberger
Research Comment english - Advanced Blockchain AG - 22.04.2025
Advanced Blockchain AG is the first publicly listed company in Germany dedicated exclusively to investments, development, and incubation within the blockchain sector. Through its subsidiary, Incredulous Labs Ltd. in Cyprus, the company targets innovative and disruptive blockchain technologies. Operating as a strategic holding company, Advanced Blockchain AG focuses primarily on venture capital investments, with a particular emphasis on decentralized finance (DeFi) and decentralized physical...
- Cosmin Filker
- Matthias Greiffenberger
Research Comment - Advanced Blockchain AG - 22.04.2025
Die Advanced Blockchain AG ist das erste börsennotierte Unternehmen in Deutschland mit exklusivem Fokus auf Beteiligungen, Entwicklung und Inkubation im Blockchain-Sektor. Über die Tochtergesellschaft Incredulous Labs Ltd. in Zypern investiert die AG gezielt in innovative und disruptive Blockchain-Lösungen. Die deutsche Muttergesellschaft agiert dabei als strategische Holding. Der Investitionsfokus liegt klar im Venture-Capital-Bereich, insbesondere auf dezentralen Finanzlösungen (DeFi) und...
- Deborah Fuhr
ETFGI reports record Q1 net inflows of US$463.51 billion into the glob...
LONDON — April 22, 2025 — ETFGI, a leading independent research and consultancy firm renowned for its expertise in subscription research, consulting services, events, and ETF TV on global ETF industry trends, reports record Q1 net inflows of US$463.51 billion into the global ETFs, according to ETFGI's March 2025 Global ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise ...
- Gabor Bukta
Guidance beat, trends remain unchanged in Q4
Key message: Waberer’s reported a consolidated EBIT for 2024 of EUR 45.0mn, which translates into a 5% increase compared to 2023. As a result, the management delivered its full-year EBIT guidance of EUR 40mn+. The report lacked forward looking statements but Waberer’s will hold an Investor Day on Friday.
- Krisztian Karikas
Italian intermediation is on the rise
We have revised our forecast for Duna House and incorporated the recent developments over the last year. We set our new 12-m ex-div TP at HUF 1,137, implying 9% upside potential and 14% total return potential, including the next dividend payment. Despite the TR potential exceeding 10% now, we change our recommendation to Neutral due to the lack of short-term catalysts.
- Szabolcs Pal
Strong fundamentals with limited downside risks
We cut our Dec-25 TP to 32.1 RON per share, but remain Buy rated on the stock, implying 20% upside potential including our estimated DPS of 2.1 RON. This reflects the bank’s strong capital returns. Last year TLV was active in M&A in the Romanian and Moldovan markets as they acquired OTP Bank Romania and BCR Chișinău. More importantly, around 95% of OTP customers are already with BT as of the announcement of the 2024 results. As a result, the management expects significant loan and deposit growth...
- Cosmin Filker
- Marcel Goldmann
Researchstudie (Anno) english - CENIT AG - 22.04.2025
For over 33 years, CENIT has been successfully active as a leading consulting and software specialist for the optimisation of business processes in the fields of Digital Factory, Product Lifecycle Management (PLM), SAP PLM, Enterprise Information Management (EIM) and Application Management Services (AMS). Standard solutions from strategic partners such as DASSAULT SYSTEMES, SAP and IBM are supplemented by CENIT's own established software developments. These include the FASTSUITE product fam...
- Cosmin Filker
- Marcel Goldmann
Researchstudie (Anno) - CENIT AG - 22.04.2025
CENIT ist als führender Beratungs- und Softwarespezialist für die Optimierung von Geschäftsprozessen in den Feldern Digital Factory, Product Lifecycle Management (PLM), SAP PLM, Enterprise Information Management (EIM) und Application Management Services (AMS) seit über 33 Jahren erfolgreich aktiv. Standardlösungen von strategischen Partnern wie DASSAULT SYSTEMES, SAP und IBM ergänzt CENIT um etablierte, eigene Softwareentwicklungen. Hierzu gehören u.a. die FASTSUITE Produktfamilie für Softw...
- Hien Le
DCM - The thrust from selling price is not strong enough
We value DCM shares using two methods: discounted cash flow (DCF) and sum of the parts (SoTP), with equal weighting of 50:50. The results indicate that DCM's long-term fair price is 34,500 VND/share, which corresponds to the projected P/E ratios of 12.6x for 2025 and 13.1x for 2026. By adding a cash dividend of 2,000 VND/share, the total expected profit is set to reach 17%. • DCM is the second largest urea fertilizer company in Vietnam, with an average market share of 26-30% nationwide and domi...
- Phuong Nguyen
RETESTING THE 1,200 AREA
The market continued to decline following selling pressure from last weekend but is temporarily still finding support at the 1,200 point area. Liquidity decreased compared to the previous session, indicating that supporting cash flow remains cautious ahead of investors' profit-taking and portfolio restructuring activities. Although the market continues to be supported at the 1,200 point area, recovery efforts are still quite weak. It is expected that the market will need more time to test supp...
- Eric Morera
GDX Elliott Wave Setup: Buying the Dip in the Blue Box Zone
As our members know we have had many profitable trading setups recently. In this technical article, we are going to present another Elliott Wave trading setup we got in Gold Miners ETF GDX . The ETF completed its correction precisely at the Equal Legs zone, referred to as the Blue Box Area. In the following sections, we will delve into the specifics of the Elliott Wave pattern and explain trading setup.
- Eric Morera
Gold Miners Junior ETF (GDXJ) Extending Higher in Impulsive Structure
The VanEck Junior Gold Miners ETF (GDXJ), launched in 2009, focuses on small- and mid-cap gold and silver mining companies, primarily those generating most of their revenue from mining or related activities. Popular among investors chasing high-risk, high-reward opportunities in precious metals, the ETF offers targeted exposure. Below, we explore its Elliott Wave outlook.
- Research Team
Weekly Insight -- NBU holds key rate unchanged at 15.5%
The regulator has paused its tightening cycle and now forecasts a rate cut in September. Despite accelerating inflation, which reached 14.6% YoY in March and some expectations of another hike, the NBU stuck to its earlier plan and refrained from further increases. This marks the end of three consecutive hikes totaling 250bp.
- Giao Nguyen
NTC – Business results in 1Q2025 remain stable following the handover ...
• Business results in Q1 2025 remained stable, with revenue reaching VND 134 billion (+136% YoY) and profit after tax reaching VND 69 billion (+6% YoY), mainly thanks to the handover of land area in NTC3 Industrial Park by the one-time accounting method. • The large source of unrealized revenue (VND 3,515 billion), of which short-term unrealized revenue reached VND 392 billion (+176% QoQ), which is a solid basis for revenue recognition and profit growth in the remaining quarters of 2025. • In ...
- Phuong Nguyen
SLOWING DOWN AT THE CLOSE
The market showed a recovery movement after finding support at the 1,200 point area but remained cautious while gaining ground. Liquidity increased compared to the previous session, indicating that investors have increased profit-taking and portfolio restructuring activity as the market gained, leading to increased selling pressure. The current cooling signal shows that the market is in a probing area to find an equilibrium point after recent strong fluctuations. The possibility of a correctio...
- Ameerat Adamu
- ARM Research
- ARM Research
- Oyinkansola Aregbesola
Access Holdings Plc 2024FY Earnings Note | Core Income Boost Gross Ear...
In its recently released audited 2024FY results, Access Holdings’ Gross Earnings grew by 87.72% YoY to NGN4.87trn mainly due to the increase in interest income (+110.38% YoY to NGN3.48trn) and non-interest income (+47.86% YoY to NGN1.02trn). Elsewhere, Operating Expenses increased by 107.47% YoY to NGN1.45trn, following higher personnel expenses, admin expenses and IT & e-business expenses in the period. Profit Before Tax (PBT) and Profit After Tax (PAT) increased by 18.93% YoY and 3.70% YoY eac...
- Eric Morera
Elliott Wave Analysis Indicates EURUSD is Extending Higher in an Impul...
The EURUSD currency pair is showing strong signs of continuing its upward trend, based on Elliott Wave analysis. Since its low on September 26, 2022, the pair has been climbing. However, it hasn’t yet hit its projected target of 1.19. This suggests more room to grow in the long term. For now, the pair remains a good opportunity for buyers as long as it doesn’t drop below the key support level of 1.0876.
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