7 October 2025 | 10:16PM HKT Equity Research JCET (600584.SS): NAND supports revenues growth; SanDisk Semis acquisition at final payment; Neutral Expanding in OSAT for storage: In Sep 2025, JCET paid the last installment of US$27.4m for the acquisition of 80% of SanDisk Semiconductor Shanghai (SSDS)'s equity. SSDS specializes in the packaging and testing of NAND flash memory modules, SD and MicroSD storage, etc, covering diversified end markets, such as mobile communications, industrial, IoT, automobiles, e ...

Market Overview - The market's third-quarter winners are often bought in the fourth quarter by money managers [2] - Drug stocks experienced a rally after the president forced them to lower prices on some drugs [3] - The Dow gained 43 points, S&P advanced 034%, NASDAQ climbed 42% [3] Top Performing Stocks - AppLovin, a mobile technology company, rallied 105% in the third quarter [4] - Western Digital increased almost 88% for the quarter in data storage [6] - Seagate Tech increased nearly 64% in data storage [6] Company Analysis - AppLovin is not consumer-facing and helps app developers make money by selling advertising space within their apps [4] - Western Digital and Seagate are data center plays focused on data storage [6]

Key Points Demand for power generation equipment and ongoing infrastructure spending support the buy case. The company faces notable cost increases due to tariff actions and is struggling with pricing. Caterpillar remains a cyclical stock, and the stock's valuation must be considered within that context. 10 stocks we like better than Caterpillar › Caterpillar (NYSE: CAT) stock has been on a strong run recently, up almost 32% year to date. The move reflects solid underlying demand, optimism over lo ...

NRG Energy, Inc. (NYSE:NRG) is one of the best dividend stocks to buy. In Q2 2025, the company released mixed earnings, and investors were not as impressed despite the management’s positive outlook. In Q2, NRG reported adjusted earnings per share of $1.73, up 8% from the previous year, while maintaining its 2025 guidance. The company’s management added that new power agreements with data centers and the expansion of its virtual power plant were significant for future growth. NRG Energy noted that the firs ...

Group 1 - Cummins Inc. (NYSE:CMI) is considered a relatively cheap stock within the S&P 500, with both headwinds and positives highlighted by Jim Cramer [1] - The company's core truck engine business faces challenges due to prolonged weakness in the freight market, but it has underappreciated exposure to the data center market through backup power generators [1] - Cummins delivers a range of power solutions, including diesel and natural gas engines, drivetrain systems, and electrified technologies, and has seen stock gains of approximately 45% since Cramer's previous comments [1] Group 2 - The potential of Cummins as an investment is acknowledged, but certain AI stocks are believed to offer greater upside potential and less downside risk [2]

All right, you hear the cheers here as we uh count you down to an opening bell on Friday. Maybe also cheering for the fact that it is Friday. Let's do our last mad dash for the week.Of course, head back down to Kentucky and Mr. . Kramer. What do you got.Right where I am at a beautiful glass factory reporting. David, one of the things that I think is amazing is when you think of semiconductor stocks and what is powering higher, you think of Nvidia. Well, wait a second.Maybe you should be thinking about Micro ...

Group 1 - The current market sentiment is reminiscent of the early days of "Squawk Box," with increased excitement among investors about individual stocks and optimism about making money [1] - The show "Squawk Box" played a significant role in making market information more accessible, contributing to the democratization of stock trading [2] - The burst of the dotcom bubble led to a shift in investor behavior, with many preferring index funds over individual stocks due to perceived risks [3] Group 2 - Today's investors are becoming aware of the potential for profits in the market, indicating a shift from greed to awareness [4] - Large individual stocks, particularly in sectors like data centers, are experiencing significant gains, suggesting a return to single stock investments [4][5] - Companies such as Oracle, Nvidia, and Palantir are highlighted as examples of stocks that are generating substantial returns for investors [5]

Group 1 - The article highlights the importance of weekly announcements from Sunday to Thursday, which include significant stock market events such as suspensions, investments, acquisitions, and performance reports, helping investors identify potential investment hotspots and avoid black swan events [1] - A company is in the pilot production stage of solid-state batteries and plans to invest 4 billion yuan in a new lithium-ion battery project [1] - Another company intends to invest 500 million yuan to expand its optical module business, with double-sided nickel-plated copper foil already compatible with semi-solid/solid-state battery technology [1] Group 2 - A company reported that its sales of edge AI chips reached a scale of 10 million yuan in the second quarter, indicating growth in the AI chip market [1]

Financial Data and Key Metrics Changes - Revenue for FY 2025 reached $354.7 million, an increase of 22.1% compared to the prior year [11][14] - EBITDA was $46.4 million, up 19.3% year-over-year [12][18] - EBIT increased to $39.2 million, reflecting an 18.4% growth [12] - Net profit rose to $26.2 million, a 17% increase from the previous year [12] - Earnings per share (EPS) was 25.3 cents, up 8.6% compared to the prior year [12][19] - Operating cash flow improved significantly to $52.7 million, up from $35.5 million in FY 2024 [12][22] - The company reported a net cash position of $9.8 million as of June 30, 2025, up from a net debt position of $8.8 million the previous year [21][23] Business Line Data and Key Metrics Changes - The core traditional IPD business grew by 5.2% year-over-year, driven by strength in infrastructure sectors [14][15] - CMI Minto plugs and receptacles revenue increased by 6.4% [15] - EX Engineering also saw a revenue increase of 5.2% [15] - Data center revenues surged by 33%, now representing 16% of total revenue [13][15] Market Data and Key Metrics Changes - The Australian data center market is experiencing significant growth, expected to double by 2030 with over $26 billion in investments [34][36] - The EV market is projected to grow substantially, with a target of a fourfold increase in the fleet by 2027 [39][40] Company Strategy and Development Direction - The company aims to enhance infrastructure through energy efficiency, automation, and secure connectivity [3] - Strategic focus includes both organic growth through market expansion and inorganic growth via acquisitions [64] - The company is positioned to capitalize on the electrification of the economy and the industrial Internet of Things [27][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continuing to grow at twice the market rate, despite some subdued market conditions [73][74] - There are positive signs in the commercial construction sector, which is expected to support strong results in the coming year [26] - The company anticipates a 25% growth in data center revenues over the next twelve months, supported by a strong order book [82] Other Important Information - The company declared a fully franked dividend of 6.2 cents per share, with total dividends for FY 2025 at 12.6 cents, representing a 50% payout ratio [24][25] - The company has expanded its operational footprint with new offices in Brisbane and Melbourne [22] Q&A Session Summary Question: What is the current outlook on market growth versus your growth for the next twelve months to three years? - Management expects to continue growing at twice the market rate, estimating market growth at around 3% and aiming for 5-6% growth [73][74] Question: What are your thoughts on M&A strategy? - The M&A strategy focuses on adjacent spaces to the current portfolio, with ongoing conversations about potential acquisitions [75][76] Question: What are your expectations in the data center space over the next twelve months? - Management anticipates a further 25% growth in data centers, supported by a strong quotation pipeline [82] Question: How are you thinking about prices across your product portfolio over the next twelve months? - A price increase of approximately 4% is expected in February, driven by inflationary pressures and increased operational costs [85]

Group 1 - AMD's stock surged 5.7% to close at $172.40, driven by renewed hopes for tariff exemptions for U.S.-based chipmakers [1][2] - Trading volume for AMD reached 94.4 million shares, nearly 80% above its three-month average of 53 million [1] - AMD's stock is currently about 5.5% below its 52-week high of $182.50 [1] Group 2 - The Nasdaq Composite rose 0.4%, supported by strong performance in the semiconductor sector, while the S&P 500 slipped 0.1% [2] - Nvidia and Broadcom also saw gains, with Nvidia rising 0.8% to $180.77 and Broadcom adding 0.7% to close at $303.76 [2] Group 3 - AMD reported a record $7.7 billion in second-quarter revenue, but margins declined due to an $800 million inventory write-down related to U.S. export restrictions [3] - The company guided for third-quarter revenue of approximately $8.7 billion, which alleviated concerns and bolstered investor confidence [3] - Analysts remain optimistic about AMD's positioning in the AI accelerator and data center markets [3]