Bible 4Q24 – Memory: AI HBM accelerating, cycle elsewhere close to a b...

Today, we are publishing the Memory section of our 26th Tech Infrastructure Quarterly Bible. The Tech Bible is a must-read for any tech investor, as it summarizes the quarterly earnings reports from the over 140 companies we track, providing an update on our key perspectives and convictions. DRAM COGS increased 7% QoQ, with HBM up 65%, accounting for virtually all the growth. HBM demand remains strong, with revenues expected to more than double in 2025. The non-datacenter outlook is still blea...

Singapore Daily - Monday, February 03, 2025

KEY HIGHLIGHTS Sector Offshore Marine    “Drill baby drill” to benefit offshore marine stocks. Top picks are Seatrium and Marco Polo Marine in the small/mid-cap space. REITs   S-REITs monthly update (Jan 25). TRADERS' CORNER    Wilmar International (WIL SP): Trading BUY                                                                      iFast Corp (IFAST SP): Trading BUY

Nokia 4Q24: Past the trough. Positive outlook. Maintain Buy rating, €...

Nokia reported 4Q24 yesterday. Please click the link below for our take on the full earnings..

Nokia 4Q24: Past the trough. Positive outlook. Maintain Buy rating

Nokia reported 4Q24 this morning.

Alpha IVF Group (ALPHA MK) - 2QFY25: Exciting Times Ahead

2QFY25: Exciting Times Ahead Despite the usual seasonality of the quarter, sales came in flattish sequentially. The establishment of an SRO in China aided the foreign patient mix and saved on costly external agents fees as margins improved sequentially. As a result, Alpha IVF continued to deliver on earnings. We continue to like Alpha IVF for its execution, regional growth, industry-leading success rates and superior margins relative to its peers. Maintain BUY. Target price: RM0.40.

Autos, Industrials, Smartphone and PCs Semis in 2025, a health check

Morning Bulletin - 9 December 2024

Friday’s trading was mostly mixed with moderate activity on a narrow base as BGBX40 (166.63, -0.02%) blended all volatile price actions within the BSE, underperforming SOFIX (847.67, +0.15%). Chimimport (CHIM, BGN 0.695, -4.14%), Eleven Capital (11C, BGN 16.00, -3.61%) and Stara Planina (SPH, BGN 9.00, -2.17%) led the decliners, while First Investment Bank (FIB, BGN 3.88) and Hydraulic Element and System (HES, BGN 5.50) took some breath and recovered by 3.74% and 2.80%, respectively. The daily v...

PSA Technology / Semiconductors: Micron and the AI Bubble

Micron’s FY24 results are a reminder that the chip industry is still doing well. Pelham Smithers considers what is reflected in the shares price of the wafer fab equipment makers and highlights two Japanese plays that offer undemanding valuations.

Regional Morning Meeting Notes: Thursday, September 26, 2024

GREATER CHINA Sector Automobile Weekly: PV sales down 4.8% yoy, missing estimates. Maintain MARKET WEIGHT. Top BUYs: CATL, Desay SV, and Geely. Top SELL: GAC. INDONESIA Update Bank Central Asia (BBCA IJ/BUY/Rp10,850/Target: Rp12,000) Strong loan growth continues; asset quality remains solid. MALAYSIA Update SD Guthrie (SDG MK/HOLD/RM4.88/Target: RM4.75) Plantatio...

PSA Media & Entertainment: Japan Video Game Publishers – Complacency i...

With video game companies' FY24 June results out of the way, Pelham Smithers assesses the state of the industry and reviews and ranks individual companies' prospects.

INFORME DIARIO 26 MARZO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: CAIXABANK, OHLA, REPSOL, TELEFÓNICA. El Ibex testea los 11.000 puntos Las bolsas de Europa continuaron ganando altura en una jornada de menos a más y con bajo nivel de negociación. En el STOXX 600 lideraron las subidas Energía y Viajes&Ocio mientras que Media y Hogar fueron los peores con caídas cercanas al medio punto. Por el lado macro, en España el índice de precios de producción se contrajo hasta el -8,2% vs -3,9% ant. Desde el BCE, F. Panetta...

China Consumer: Tourism, catering and movie consumption: Strong perfor...

During the Chinese New Year (CNY) holiday, tourism, both domestic and outbound, catering and movie consumption put up strong performances. For the consumer sector, we prefer discretionary to staple, and Macau gaming in the discretionary space, given the strong recovery momentum of Macau tourism and moderate hike in opex. Galaxy is our top pick in Macau gaming sector, given its net cash position amid the higher interests. Maintain OVERWEIGHT.

Uber 4Q23: Strong growth and margin expansion; Our thesis is playing o...

Power Nickel Inc. (TSXV: PNPN / OTCQB: PNPNF) – Doubles High-Grade Nic...

Fundamental Research Corp has issued a report entitled “Doubles High-Grade Nickel Resources/Anticipating a Feasibility Study in Q3” and dated Jan 25, 2024. The full report is now at

South Korean Telcos Q3 23 review: Better trends in core mobile and En...

South Korean telco saw a slower quarter as improvements at SKT and LG were offset by KT’s slowdown, attributable to its subsidiaries (slower BC Card, declines at Content and Skylife). Nevertheless, core mobile and Enterprise trends improved, with broadband stable.

The latest in advanced packaging - takeaways, replay & preferred slide...

We hosted Yole intelligence last week for a webinar on the state of advanced packaging. This note summaries our 5 key takeaways and preferred slides.

China Consumer: Good recovery by domestic tourism and catering during ...

During the Golden Week holiday, domestic tourism and catering recovery were on track while duty-free sales recovery was still weak. We prefer sportswear in the discretionary space, given the decent sales momentum during the holiday (Anta: in line with internal targets; Xtep: 20% yoy growth), and baijiu in the staples space, given baijiu’s strong brand power. We prefer Anta in the sportswear sector, given its multiple catalysts, and Moutai in the baijiu sector, for its highest earnings visibility...

Mining Monthly: August Edition

What you need to know: • The precious metals markets held flat in August, following the solid performance in July; mining equities fell modestly. • M&A continued to be light in August, we believe this is primarily due to the lack of clarity regarding the direction of interest rates. • Safe-haven assets like gold and silver continue to look highly attractive with mining equities trading close to trough multiples, creating buying opportunities for when investment dollars flow back into the sector...

BKGR ZOOM AUTO NEJMA DU 30 08 2023

BKGR ZOOM AUTO NEJMA DU 30 08 2023

BKGR ZOOM AUTO HALL DU 31 08 2023

BKGR ZOOM AUTO HALL DU 31 08 2023