Strong PC replacement cycle ahead

Windows 10 end-of-life to drive strong PC replacement cycle. We are 14% above cons on '25e EBIT. Up to BUY (Hold): Low valuation and estimate upgrades ahead.

Raffles Medical Group Ltd: 1 director

A director at Raffles Medical Group Ltd bought 1,000,000 shares at 1.020SGD and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two...

Metallus Inc: 2 directors

Two Directors at Metallus Inc sold 33,412 shares at between 24.000USD and 24.092USD. The significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the las...

MultiPlan Corp: 1 director

A director at MultiPlan Corp bought 160,000 shares at 0.600USD and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearl...

Arm Holdings plc : Arm remains the key vehicle to play the growing com...

>Outperform rating reiterated, target price increased to $ 130 (vs $ 110) - We did a recap with the company a few days after the release of its Q4 2023-24 results and came away with confirmation that Arm is set to continue to grow at an average of 20% per year over the next three years. Growth, as we wrote in our report initiating coverage of the stock, stems from an accelerated architecture complexification process, driven initially by the acceleration in significant...

Heads-up for report 23 May

Airbus Group : Visite du site de Hambourg – En vol pour la cadence 75

>Une supply chain encore sous tension - Nous avons organisé une visite du site d’Hambourg où nous avons notamment pu échanger avec Thomas Toepfer (CFO) et Christoph Zammert (Head of A320 program). A nos yeux, les points saillants étaient les suivants. Tout d’abord, le discours sur la chaine de fournisseurs reste prudent avec, à court terme, des difficultés centrées sur les fournisseurs Tier 2/3, tout particulièrement dans les domaines de la cabine, l’APU et certains «...

Vastned : Major changes at Vastned: Asset Sales, Synergies and Sven

>Reverse merger of Vastned Retail and Vastned Belgium and new CEO - Vastned’s management is executing its strategic plans: 1) A major step in its asset sales program had been announced earlier; 2) last week the company announced the intention to merge, which should create synergies; and 3) Vastned announced a new CEO from 2025, Sven Bosman. The announced intention to merge its Belgian and Dutch entities in a reverse cross-border merger is expected to be positive for s...

Arm Holdings plc : Arm reste le véhicule clé pour jouer la complexific...

>Opinion Surperformance réitérée, OC relevé à 130 $ (vs 110 $) - Nous avons fait le point avec la société, quelques jours après la publication du T4 23/24, et ressortons confortés sur le fait que Arm devrait continuer de croître en moyenne de 20% par an sur les 3 prochains exercices. Cette croissance découle bien, comme nous l’avions indiqué lors de notre initiation, d’un process accéléré de complexification des architectures, tirée dans un 1er temps par l’accélérati...

Assurant Inc: 2 directors

Two Directors at Assurant Inc sold 9,400 shares at between 176.122USD and 176.363USD. The significance rating of the trade was 79/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the la...

BMS Birlesik Metal Sanayi ve Ticaret Anonim Sirketi: 2 directors

Two Directors at BMS Birlesik Metal Sanayi ve Ticaret Anonim Sirketi sold 600,000 shares at between 34.070TRY and 34.110TRY. The significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by ...

Fitness Prime: 1 director

A director at Fitness Prime bought 300,000 shares at 0.000EGP and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly...

Hornbach Holding AG & Co KGaA: 1 director

A director at Hornbach Holding AG & Co KGaA bought 300 shares at 78.399EUR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two ...

Cash flow and market outlook remain strong

Q1 EBITDA at USD 85m, 4% above cons. Higher capex but FCF remains very strong, as does the outlook BUY, TP of NOK 73 (75)

OSEBX weekly valuation monitor

85% of market cap reported. EPS 6% below. Estimates up. Risk/reward weaker after recent rally. No changes to portfolio; up ~24% YTD

Moody's Ratings downgrades Agile's ratings to Ca/C; outlook remains ne...

Moody's Ratings (Moody's) has downgraded Agile Group Holdings Limited's (Agile) corporate family rating (CFR) to Ca from Caa2 and the company's senior unsecured rating to C from Caa3/Ca. Moody's has also maintained the negative outlook. "The downgrade of Agile's ratings and the negative outlook re...

Moody's Ratings downgrades Agile's ratings to Ca/C; outlook remains ne...

穆迪投资者服务公司 1*请注意新闻稿之英文原版已于香港时间5月16日发放穆迪评级下调雅居乐的评级至Ca/C；展望仍为负面 香港，2024年5月16日—中文新闻稿为英文的翻译件。如有出入，以英文稿为准。穆迪评级 (穆迪) 将雅居乐集团控股有限公司 (雅居乐) 的公司家族评级从Caa2下调至Ca，并将其高级无抵押债务评级从Caa3/Ca下调至C。与此同时，穆迪也维持其负面展望。穆迪助理副总裁/分析师周易玮表示：“雅居乐的评级下调及其负面展望反映了该公司的流动性疲弱、对利息支付违约，以及我们预计其债券持有人的回收前景较弱。”评级理据 2024年5月14日，雅居乐宣布未能在2024年5月13日结束的宽...