Haivision Systems (OTCPK:HAIV.F) 2025 Conference October 22, 2025 04:30 PM ET Speaker0Presenters will be speaking for HiVision.Speaker1Hey, everyone. Glad to be here with you today, for the fireside chat. I'm joined by CEO of HiVision, Mirko Wicha. Glad to have him here with us today. Just in terms of a quick overview from my background, I've been on the I've been on the street for about six years.I spent the last two years on the buy side or the first two years on the buy side, last four years on the sell ...

Core Insights - Healthcare organizations are increasingly facing operational complexity due to the growth of electronic patient records, specialized connected equipment, and telehealth, leading to a surge in healthcare data that can create bottlenecks if not managed properly [2][4] - The combination of Neutral Host and Private 5G Networks from Verizon Business is being adopted by healthcare facilities to address diverse connectivity needs for various user groups, including patients, staff, and care providers [4][7] - The evolving nature of healthcare campuses necessitates flexible, onsite data networks that can accommodate hundreds or thousands of devices, ensuring reliable connectivity for different operational and patient care needs [5][8] Industry Trends - The healthcare sector is experiencing a digital transformation, requiring scalable network solutions that can support multiple sites and diverse use cases [14] - The demand for advanced networking solutions is driven by the increasing density of connected devices and the need for varying security and bandwidth capabilities [8][14] - Healthcare CIOs are increasingly turning to Neutral Host and Private 5G Networks to manage ballooning data needs and growing device density [7][14] Company Developments - Verizon Business has executed on-premises wireless networking deals with major healthcare providers such as AdventHealth and Tampa General Hospital to implement Neutral Host and Private 5G Networks [4][7] - The Neutral Host Network allows public users to achieve a strengthened mobile signal without any special action, enhancing connectivity for patients and visitors [6][10] - The Private 5G Networks support critical care delivery services and sensitive data workflows, enabling hospitals to pilot new applications and incorporate advanced technologies [9][10] Case Studies - AdventHealth is developing a "hospital of the future" with a combination of Neutral Host and Private 5G Networks to support innovative technologies and enhance patient experience [15] - Tampa General Hospital transitioned from an outdated Distributed Antenna System to Verizon's Neutral Host Network, improving connectivity for staff and visitors while preparing for future medical initiatives [15]

Core Insights - CommScope Holding Company, Inc. (COMM) and Celestica Inc. (CLS) are key players in the communications and networking hardware sector, with CommScope focusing on solutions for wireline and wireless network convergence essential for 5G technology [2] - Celestica is a major firm in the electronics manufacturing services (EMS) industry, providing a wide range of manufacturing and supply-chain solutions to various sectors [3] CommScope Overview - CommScope is implementing stringent cost-cutting measures and focusing on core operations, including the divestiture of its Home Networks business and the acquisition of Casa Systems' Cable Business assets to enhance its market position [5][6] - The company has launched the HX6-611-6WH/B antenna, which offers a high-capacity microwave backhaul solution, ensuring reliable connectivity for mobile network operators [7] - Despite its strategic moves, CommScope faces intense competition from companies like Amphenol Corporation and Corning Incorporated, along with challenges from trade tensions and raw material price volatility [8] Celestica Overview - Celestica is benefiting from AI-driven demand and has a diverse customer base across high-value industries, with projected sales and EPS growth of 20.6% and 43% respectively for 2025 [10][14] - The company focuses on product diversification and has a strong R&D foundation, allowing it to produce both high-volume and complex technology infrastructure products [12] - However, Celestica is experiencing margin pressures due to high R&D costs and faces competition from firms like Foxconn and Flex [13] Financial Performance - The Zacks Consensus Estimate indicates that CommScope's 2025 sales and EPS are expected to grow by 11.2% and 4,400% respectively, while Celestica's growth estimates are significantly higher [14][16] - Over the past year, CommScope's stock has increased by 170.4%, while Celestica's has surged by 324.1% [17] - From a valuation perspective, CommScope's shares trade at a forward P/E ratio of 10.04, which is lower than Celestica's 38.01, making CommScope appear more attractive [19] Investment Outlook - CommScope holds a Zacks Rank of 3 (Hold), while Celestica has a Zacks Rank of 2 (Buy), indicating a more favorable investment outlook for Celestica [21] - Both companies anticipate improvements in sales and profits for 2025, but Celestica's consistent revenue and EPS growth, along with its better performance metrics, suggest it may be a superior investment option at this time [22]

Core Insights - Gogo Inc. is in the final stages of terrestrial testing for its next-generation 5G air-to-ground technology, which aims to provide seamless broadband connectivity with low latency for various applications [1][2] - The terrestrial testing has shown promising results, achieving stable connections at peak speeds of up to 80 Mbps, with over 300 private aircraft already contracted for the 5G network [2][8] - The company has restructured its business model to focus on core operations following the divestiture of its commercial in-flight connectivity division, enhancing its liquidity and unlocking new business opportunities [3] Company Overview - Gogo is a leading global provider of network and broadband connectivity products and services specifically for the business aviation market, currently serving approximately 9,600 aircraft, which is over 20% of the global commercial and business jet fleet [4] - The company has partnerships with 14 commercial airlines and is installed on more than 2,500 commercial aircraft, in addition to nearly 7,000 business aircraft utilizing its solutions [4] Competitive Landscape - Other firms in the wireless service space include T-Mobile US, Verizon Communications, and AT&T, each with their own strengths in customer growth, network efficiency, and service offerings [5][6][7]

Group 1: Strategic Collaboration - Qorvo Inc. has formed a strategic collaboration with SIAE MICROELETTRONICA to integrate Qorvo's Beamformer Integrated Circuit technology into SIAE's phased array platform for a compact Ka-band antenna solution [1][8] - The new solution is designed for platforms with limited space and aims to provide secure satellite links with high throughput [1][8] Group 2: Market Growth and Trends - The global satellite communication market is projected to grow from $98.68 billion in 2024 to $260.65 billion in 2034, with a compound annual growth rate of 10.2% [2] - Qorvo is expanding its portfolio to capitalize on the emerging trends in satellite communication systems, which are becoming critical for global connectivity [2] Group 3: Technological Advancements - Qorvo's expertise in millimeter wave and microwave IC technologies, combined with SIAE's system design, will lead to advanced satcom solutions applicable in defense, aerospace, and NewSpace sectors [3] - The transition from 4G LTE to 5G technology in emerging markets is expected to benefit Qorvo, as the demand for advanced smartphones and active electronic scanning systems grows [4]

Group 1: Silver Market Performance - Silver reached a new 14-year peak as the U.S. dollar weakened amid rising risks of a government shutdown, with iShares Silver Trust (SLV) gaining about 15.7% over the past month, outperforming SPDR Gold Trust (GLD) which advanced about 9% [1] Group 2: Industrial Demand and Applications - Approximately half of silver's total demand comes from industrial applications, with a 4% increase in industrial demand reported in 2024, particularly driven by green energy initiatives [2] - Silver is crucial in solar power and electric vehicle applications, with China's solar cell exports increasing over 70% in the first half of the year, primarily due to strong shipments to India [3] - The automotive industry's increasing vehicle sophistication and gradual electrification of powertrains are expected to drive higher silver demand [3] - The global rollout of 5G technology is another positive factor for silver, as electronic components for 5G heavily rely on silver [4] Group 3: Economic Factors Influencing Silver Prices - The Federal Reserve's first rate cut of 2025 occurred in September, with an 89.3% chance of a further 25-basis point cut in October and 68.2% expecting another cut in December, influenced by a softer labor market [5] - Continued policy easing by the Fed could weaken the U.S. dollar, which typically boosts silver prices, as evidenced by the Invesco DB US Dollar Index Bullish Fund (UUP) declining 7% this year [6] Group 4: Safe-Haven Demand - Silver's appeal as a safe-haven asset has increased amid moderate trade tensions and the potential for a U.S. government shutdown, with rising uncertainty boosting its demand [7][8] Group 5: ETFs and Investment Vehicles - In addition to iShares Silver Trust (SLV), other ETFs such as Global X Silver Miners ETF (SIL), Amplify Junior Silver Miners ETF (SILJ), and abrdn Physical Silver Shares ETF (SIVR) are also performing well, hovering around 52-week highs [9]

Group 1: Silver Market Overview - Silver prices are currently around $40 an ounce, the highest level since 2011, with a projected market deficit for the fifth consecutive year in 2025 [1] - Silver-backed ETFs have seen a continuous inflow, with holdings increasing for the seventh month in August, leading to reduced stockpiles in London and sustained market tightness [2] Group 2: Industrial Demand and Applications - Approximately 50% of silver's total demand comes from industrial applications, with a 4% increase in industrial demand reported for 2024 [4] - The growth in the global solar PV industry and new demand for IoT sensors are significant contributors to rising silver demand, with China's solar cell exports increasing over 70% in the first half of the year [5] - The automotive sector's increasing sophistication and the rollout of 5G technology are also expected to drive higher silver demand [6] Group 3: Economic Factors Influencing Silver Prices - The Federal Reserve is anticipated to cut interest rates, which could weaken the U.S. dollar, potentially boosting silver prices as it is dollar-denominated [7][8] - The Invesco DB US Dollar Index Bullish Fund has decreased by 7.2% this year, indicating a trend that may favor silver prices [8] Group 4: Safe-Haven Demand - Ongoing trade tensions, particularly between the U.S. and India, have increased the safe-haven appeal of silver, although it is not as pronounced as that of gold [9] Group 5: Investment Opportunities in ETFs - Investors can consider various silver ETFs, including iShares Silver Trust (SLV), abrdn Physical Silver Shares ETF (SIVR), and ProShares Ultra Silver (AGQ) for potential gains [10]

Financial Performance - Turkcell Group's revenue increased by 12.5% year-over-year to TRY 53.022 billion[58] - EBITDA grew by 14.8% year-over-year to TRY 23.086 billion, with an EBITDA margin of 43.5%, a 0.9 percentage point increase[58] - Net income from continuing operations increased by 36.8% year-over-year to TRY 4.388 billion[5] Subscriber Growth & ARPU - Postpaid net additions reached 816,000, a record high in 5.5 years[5] - Mobile ARPU increased by 9.8% year-over-year to TRY 352.5[5] - Residential Fiber ARPU increased by 17.5% year-over-year to TRY 418.2[5] Business Segments - Techfin revenue grew by 23.1%[6] - Data Center & Cloud revenue grew by 53.2%[6] - Digital Business Services revenue increased by 39% year-over-year, reaching TRY 4.930 billion[30] Fixed Broadband - Turkcell Fiber saw a net addition of 4,000 subscribers quarter-over-quarter[5] - 12-month contract share in residential fixed broadband reached 87%[23] Techfin - Loan portfolio reached TRY 7.3 billion[33] - Total transaction volume increased by 75% year-over-year to TRY 38.8 billion[33]

Core Viewpoint - Chengdu Wangya Intelligent Technology Co., Ltd. has been established with a registered capital of 1.5 million RMB, focusing on various technology and communication services [1] Group 1: Company Overview - The company is legally represented by Ji Yuzhuo and has a registered capital of 1.5 million RMB [1] - The business scope includes technology services, development, consulting, and various manufacturing and sales related to communication and IoT devices [1] Group 2: Business Scope - The company engages in the manufacturing and sales of communication equipment, mobile communication devices, optical communication devices, and IoT devices [1] - It also provides services in big data, cloud computing, artificial intelligence, and environmental monitoring [1] - Additional services include computer hardware and software sales, navigation and meteorological instruments manufacturing, and industrial internet data services [1]

Core Insights - Nevada Gold Mines (NGM) and Komatsu have launched a partnership to enhance workplace safety and operational efficiency through the FrontRunner Autonomous Haulage System (AHS) [1][2] - The deployment involves automating a fleet of 300 and 230 tonne haul trucks across NGM's surface operations, marking the first implementation of this system in the United States [1][2] - The collaboration aims to reduce employee exposure to hazards, improve fleet performance, fuel consumption, and ensure continuous operations, contributing to a safer mining environment [2] Company Overview - NGM is operated by Barrick Mining Corporation, which holds a 61.5% stake in the joint venture with Newmont, owning 38.5%, creating the largest gold-producing complex globally [4] - Komatsu specializes in developing technologies and equipment for various industries, including mining, and emphasizes innovation for sustainable futures [5] - Nokia is a leader in B2B technology innovation, focusing on creating networks that enhance operational efficiency and safety [6] Technological Implementation - The FrontRunner AHS will be supported by a customized 5G communications infrastructure provided by Sedna and Nokia, ensuring high-speed, low-latency connectivity for real-time data exchange [2][3] - This collaboration is seen as a significant milestone for autonomous mining in America, reflecting a commitment to delivering tailored, world-class solutions [2][3]