Summary of the Conference Call Transcript Industry Overview - The report focuses on the **Vietnamese equity market**, particularly the **VN30 index** and various sectors within it, including **Consumer Discretionary**, **Real Estate**, **Information Technology**, and **Materials** [2][8][9]. Key Findings Earnings Results - Most sectors in the Vietnamese market **missed earnings expectations** this quarter, with **six sectors** delivering misses and **three sectors** posting beats. Notably, **Consumer Discretionary** and **Real Estate** were among the sectors that beat expectations, with Real Estate achieving this for the **third consecutive quarter** [2][9]. Sales and Earnings Revisions - Overall revisions for sales and earnings lean slightly positive. There is a minor negative adjustment to aggregate earnings for **2026E** and **2027E**, but the magnitude is negligible. The ratio of positive to negative revisions does not indicate a broadly negative outlook [3][11]. - **Consumer Discretionary** and **Consumer Staples** showed meaningful upward revisions across all three forward years, while **Information Technology** and **Materials** faced downward revisions [3][15][18]. Sector Performance - **Consumer Discretionary** and **Real Estate** sectors performed well, with **Consumer Discretionary** achieving a **100% beat rate** among its constituents [10]. - **Information Technology** and **Materials** sectors faced challenges, with **Information Technology** experiencing misses across all three forward years [15][18]. Valuations - As of **November 11, 2025**, the VN30 index was trading at **2.1x** 12-month forward price-to-book (PB), which is **6.6% above** its 10-year average of **2.0x**. Year-to-date performance in USD terms is on par with **MSCI Emerging Markets** but outperformed **MSCI ASEAN** by **21%** [4]. Preferred Stocks - The report identifies preferred stocks in Vietnam, including: - **Mobile World Investment (MWG)**: Price target of **96,000 VND** for 2025, with a market cap of **4.334 billion USD** and a **P/E ratio** of **18.2x** for 2025. - **Asia Commercial Joint Stock Bank (ACB)**: Price target of **40,000 VND**, market cap of **4.851 billion USD**, and a **P/E ratio** of **7.3x** for 2025. - **Hoa Phat Group (HPG)**: Price target of **34,000 VND**, market cap of **7.759 billion USD**, and a **P/E ratio** of **13.3x** for 2025. - **Nam Long Investment Corporation (NLG)**: Price target of **42,000 VND**, market cap of **670 million USD**, and a **P/E ratio** of **14.9x** for 2025 [5]. Consensus Rating Changes - The consensus rating distribution has skewed towards downgrades post-results, particularly in the **Real Estate** sector, which did not experience upgrades despite delivering strong results [22]. Risks and Challenges - The report highlights various risks for the preferred stocks, including: - **Mobile World**: Risks related to strategic planning, operational errors, and competition. - **ACB**: Risks from competition, regulatory challenges, and potential asset quality issues. - **Hoa Phat Group**: Risks from regulatory challenges, trade protectionism, and reliance on imported raw materials. - **Nam Long**: Risks related to land access, project pre-sales uncertainties, and execution of strategy [27][28][29][30]. Conclusion - The Vietnamese equity market shows mixed results with certain sectors outperforming while others face challenges. The overall sentiment remains cautiously optimistic, with specific stocks identified as potential investment opportunities amidst the evolving market landscape [3][4][22].

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market engagement and confidence [1] - The Zacks Style Scores serve as complementary indicators to the Zacks Rank, aiding in stock selection with high potential for market outperformance [2] Zacks Style Scores Overview - Stocks are rated from A to F based on value, growth, and momentum, with higher scores indicating better chances of outperforming the market [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score [3][4][5][6] Value Score - Focuses on identifying undervalued stocks using financial ratios like P/E, PEG, and Price/Sales [3] Growth Score - Concentrates on a company's financial health and future growth potential, analyzing projected and historical earnings, sales, and cash flow [4] Momentum Score - Targets stocks with upward or downward price trends, utilizing factors like one-week price change and monthly earnings estimate changes [5] VGM Score - Combines all three Style Scores to highlight stocks with attractive value, strong growth forecasts, and promising momentum [6] Zacks Rank Integration - The Zacks Rank uses earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +23.93% since 1988, significantly outperforming the S&P 500 [7][8] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal returns [9] Stock Highlight: EnerSys (ENS) - EnerSys, based in Pennsylvania, specializes in manufacturing and distributing industrial batteries and related products, holding a Zacks Rank of 2 (Buy) with a VGM Score of A [11] - The company is projected to experience year-over-year earnings growth of 1.3% for the current fiscal year, with upward revisions in earnings estimates [12]

Core Viewpoint - Bilibili Inc. is set to release its third-quarter earnings on November 13, with analysts expecting significant growth in both earnings and revenue compared to the previous year [1]. Financial Performance - Analysts predict Bilibili will report earnings of $1.50 per share for the third quarter, a substantial increase from $0.57 per share in the same period last year [1]. - The consensus estimate for Bilibili's quarterly revenue is $7.64 billion, up from $7.31 billion in the previous year [1]. Stock Performance - Bilibili's shares closed at $27.19, reflecting a slight gain of 0.2% [2]. Analyst Ratings - Macquarie analyst Ellie Jiang initiated coverage with an Outperform rating and a price target of $36.03 [6]. - Barclays analyst Jiong Shao maintained an Overweight rating and raised the price target from $25 to $28 [6]. - Benchmark analyst Fawne Jiang maintained a Buy rating but reduced the price target from $30 to $28 [6]. - B of A Securities analyst Brad Sills maintained a Buy rating and increased the price target from $25 to $27 [6].

Bilibili Inc. (NASDAQ:BILI) will release third-quarter earnings before the opening bell on Thursday, Nov. 13.Analysts expect the Chinese company to report quarterly earnings at $1.50 per share. That's up from 57 cents per share in the year-ago period. The consensus estimate for Bilibili's quarterly revenue is $7.64 billion, up from $7.31 billion last year, according to data from Benzinga Pro.On Aug. 21, Bilibili posted better-than-expected earnings for the second quarter.Shares of Bilibili gained 0.2% to cl ...

Core Insights - Diamondback Energy, Inc. (FANG) has a market capitalization of $42.4 billion and focuses on unconventional resource development in the Permian Basin [1] - The company's stock has underperformed the broader market, with a 17.3% decline over the past 52 weeks compared to a 14.1% gain in the S&P 500 Index [2] - Despite reporting strong Q3 2025 adjusted EPS of $3.08 and revenue of $3.92 billion, the stock fell 1.3% due to weaker oil pricing [4] Company Performance - FANG's stock is down 9.6% year-to-date, while the S&P 500 has gained 16.4% [2] - The company's realized oil price decreased by 11.7% to $64.60 per barrel amid a 13% drop in Brent crude [4] - Analysts expect FANG's adjusted EPS to decline nearly 24% year-over-year to $12.60 for the fiscal year ending December 2025 [5] Analyst Ratings and Price Targets - The consensus rating among 31 analysts covering FANG is a "Strong Buy," with 25 "Strong Buy" ratings, three "Moderate Buys," and three "Holds" [5] - UBS raised its price target on Diamondback Energy to $174, maintaining a "Buy" rating, with a mean price target of $179.48 representing a 21.1% premium [7] - The highest price target of $222 suggests a potential upside of 49.8% [7]

Core Viewpoint - AMETEK, Inc. has shown resilience in its performance despite underperforming the broader market, with strong execution in key industrial sectors leading to better-than-expected financial results [4][5]. Company Overview - AMETEK, Inc. is a global industrial-technology company based in Berwyn, Pennsylvania, specializing in electronic instruments and electromechanical devices for various markets including aerospace, power, medical, industrial, and research. The company's market capitalization is approximately $45.5 billion [1]. Stock Performance - AMETEK shares have underperformed compared to the S&P 500 Index, gaining only 3.2% over the past 52 weeks and 9.6% year-to-date, while the S&P 500 saw gains of 14.1% and 16.4% respectively [2]. - The stock has also lagged behind the Industrial Select Sector SPDR Fund, which recorded a 7.7% increase over the past 52 weeks and 17.1% in 2025 [3]. Financial Performance - In the third quarter, AMETEK reported revenue of approximately $1.89 billion, reflecting an 11% year-over-year increase, with adjusted EPS reaching a record $1.89, up 14% from the same quarter in 2024 [4]. - For fiscal 2025, analysts project a 7.8% year-over-year growth in EPS to $7.36, with a history of surpassing earnings estimates in the past four quarters [5]. Analyst Ratings - The consensus rating for AMETEK is "Moderate Buy," with 11 out of 19 analysts recommending a "Strong Buy," one a "Moderate Buy," and seven suggesting a "Hold" [5]. - Recent analyst updates include Barclays maintaining an "Equal-Weight" rating while raising the price target to $205, and Truist Securities increasing its target to $229 from $219 [6]. Price Targets - The mean price target for AMETEK is $219, indicating a 10.8% premium to current price levels, while the highest target of $246 suggests a potential upside of 24.5% [7].

Core Insights - On Holding AG is set to release its third-quarter earnings results on November 12, with analysts expecting earnings of 27 cents per share, an increase from 16 cents per share in the same period last year [1] - The consensus estimate for quarterly revenue is $763.84 million, up from $635.8 million a year earlier [1] Group 1: Earnings Expectations - Analysts anticipate a significant increase in earnings per share from 16 cents to 27 cents year-over-year [1] - Revenue expectations show a growth from $635.8 million to $763.84 million, indicating strong performance [1] Group 2: Recent Performance - On Holding reported better-than-expected second-quarter sales results, contributing to a 0.6% increase in share price, closing at $35.18 [2] Group 3: Analyst Ratings and Price Targets - Evercore ISI Group analyst Michael Binetti maintained an Outperform rating but reduced the price target from $68 to $50 [4] - Raymond James analyst Rick Patel also maintained an Outperform rating while lowering the price target from $66 to $55 [4] - TD Cowen analyst John Kernan kept a Buy rating and cut the price target from $63 to $55 [4] - UBS analyst Jay Sole maintained a Buy rating and raised the price target from $75 to $79 [4] - Morgan Stanley analyst Alex Straton maintained an Overweight rating and increased the price target from $62 to $65 [4]

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores are designed to help investors identify stocks with the potential to outperform the market in the short term [2] Zacks Style Scores Overview - The Style Scores consist of four categories: Value Score, Growth Score, Momentum Score, and VGM Score, each targeting different investment strategies [3][4][5][6] - Value Score focuses on identifying undervalued stocks using financial ratios [3] - Growth Score emphasizes a company's financial health and future growth potential [4] - Momentum Score identifies trends in stock prices and earnings estimates to optimize entry points [5] - VGM Score combines all three styles to highlight stocks with the best overall characteristics [6] Zacks Rank and Its Importance - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investment decisions [7] - Stocks rated 1 (Strong Buy) have historically outperformed the S&P 500, with an average annual return of +23.93% since 1988 [7] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal success [9] Company Spotlight: Conmed Corporation - Conmed Corporation is a global medical technology company specializing in surgical devices for orthopedics and general surgery [11] - The company operates in two segments: Orthopedics and General Surgery, offering innovative products like BioBrace and advanced energy devices [11] - Conmed holds a Zacks Rank of 2 (Buy) and a VGM Score of A, indicating strong growth potential [12] - The company is projected to achieve year-over-year earnings growth of 7.7% for the current fiscal year, with recent earnings estimates revised upward [12][13]

Core Insights - Zacks Premium provides tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, research reports, and stock screens [1][2] Zacks Style Scores - Zacks Style Scores are indicators that rate stocks based on value, growth, and momentum methodologies, helping investors identify stocks likely to outperform the market in the next 30 days [2][3] - Stocks are rated from A to F, with A indicating the highest potential for outperformance [3] Value Score - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, and Price/Sales [3] Growth Score - The Growth Score assesses a company's future prospects by analyzing projected and historical earnings, sales, and cash flow [4] Momentum Score - The Momentum Score evaluates stocks based on price trends and earnings estimate changes, aiding investors in timing their purchases [5] VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive rating based on value, growth, and momentum [6] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to help investors build successful portfolios, with 1 (Strong Buy) stocks yielding an average annual return of +23.93% since 1988 [7][9] - There are over 800 stocks rated 1 or 2, making it essential for investors to utilize Style Scores to narrow down choices [8] Stock Analysis: Uber Technologies - Uber Technologies (UBER) holds a 3 (Hold) Zacks Rank and a VGM Score of B, indicating potential for growth [11] - UBER's Growth Style Score is B, with a projected year-over-year earnings growth of 11.2% for the current fiscal year [11] - Recent upward revisions by 15 analysts have increased UBER's earnings estimate by $2.17 to $5.07 per share, with an average earnings surprise of +242.6% [12]

Core Insights - Bank of New York Mellon (BK) has seen its IBD SmartSelect Composite Rating increase to 96, up from 94 the previous day, indicating strong performance in the stock market [2][5]. Company Performance - The stock price of Bank of New York Mellon is currently at $111.31, with a slight increase of $0.35 or 0.32% [2]. - The stock has a flat base pattern with a buy point at $110.87 and early entry at $110.19, suggesting potential for upward movement [2]. Market Context - Despite market uncertainty, Bank of New York Mellon is among stocks that have reached new highs, reflecting resilience in its performance [5]. - The company is highlighted in the context of broader market dynamics, with mentions of other financial institutions like JPMorgan and Morgan Stanley facing challenges [5].