Stellantis issues 'Do Not Drive' alert for 225,000 older US vehicles | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]The logo of Stellantis sits on the company's building in Poissy, near Paris, France, February 26, 2025. REUTERS/Stephanie Lecocq [Purchase Licensing Rights, opens new tab]- Companies[Stellantis NV]Follow[Takata Corp - 7312.T - DELISTED]FollowWASHINGTON, Feb 11 (Reuters) - Chrysler-parent Stellantis on Wednesday issue ...

[Table_StockInfo] 2026 年 02 月 03 日 证券研究报告•2025 四季报及 2025 年报点评 泰瑞达（TER.O）半导体 目标价：323.50 美元 买入（首次） 当前价：249.53 美元 数据来源：公司公告，西南证券 请务必阅读正文后的重要声明部分 1 投资要点 西南证券研究院 全品类半导体测试平台企业，AI 需求驱动高速增长 | 指标/年度 | 2024A | 2025A | 2026E | 2027E | 2028E | | --- | --- | --- | --- | --- | --- | | 营业收入(百万美元) | 2819.88 | 3190.02 | 5172.47 | 6571.75 | 7479.03 | | 增长率 | 5.36% | 13.13% | 62.15% | 27.05% | 13.81% | | 净利润(百万美元) | 542.37 | 554.05 | 1518.96 | 2026.19 | 2371.57 | | 增长率 | 20.86% | 2.15% | 174.16% | 33.39% | 17.05% | | 每股收益 EPS ...

Core Insights - HCLTech has formed a multi-year partnership with The Magnum Ice Cream Company to develop a future-ready IT infrastructure, utilizing its AI Force platform to integrate AI into TMICC's digital framework [1][4]. Group 1: Partnership Details - The partnership aims to transition TMICC from AIOps to a NoOps operating model, facilitating zero-touch automation and fully autonomous IT operations [2]. - HCLTech's solutions will enhance predictive analytics, business process observability, and user experience, ensuring scalable and resilient IT operations globally [2][4]. Group 2: Strategic Importance - The collaboration is crucial for TMICC as it evolves into an independent listed company, focusing on infusing intelligence into its digital foundation [3]. - HCLTech's expertise will support TMICC in navigating the Transition Service Agreement exit from Unilever and establishing a greenfield IT infrastructure [4][5]. Group 3: Company Profiles - HCLTech employs over 226,300 people across 60 countries, with consolidated revenues of $14.5 billion for the year ending December 2025, specializing in AI, digital, engineering, cloud, and software services [6]. - The Magnum Ice Cream Company, the largest ice cream company globally, generated €7.9 billion in revenue in 2024 and operates a fleet of 3 million freezers across over 80 countries [7].

Core Insights - Unilever has spun off its ice cream business, Magnum, into a separate company, resulting in a new stock appearing in the portfolio of investors [1] Company Developments - The spin-off of Magnum is a strategic move by Unilever to focus on its core business areas and potentially unlock value for shareholders [1]

Core Viewpoint - Unilever has spun off its ice cream business, Magnum, into a separate company, resulting in a new stock appearing in the portfolio of investors [1] Company Summary - The spin-off of Magnum from Unilever indicates a strategic move to streamline operations and potentially enhance shareholder value [1]

Company Overview - Magnum Ice Cream Company N.V. (NYSE:MICC) was spun off from Unilever PLC's Ice Cream division on December 6, 2025, with shareholders receiving one MICC share for every five Unilever shares or American Depositary Shares [1] - The company includes well-known brands such as Ben & Jerry's, Cornetto, and Magnum, making it the largest ice cream company globally, with nearly €8.0 billion in revenue in 2024 and approximately 21% market share in the global retail ice cream market [3] Shareholder Structure - Following the spin-off, remaining shareholders will hold 80.1% of MICC, while Unilever Group will retain approximately 19.9% of the stake, which it plans to sell over time to fund transaction costs and enhance capital flexibility [2] Stock Performance and Analyst Ratings - Since its listing, MICC's stock has increased nearly 6%, with Kepler Capital analyst Karel Zoete setting a price target of €16.30, indicating a 3% upside potential while maintaining a Buy rating [4] - Goldman Sachs analyst Sam Darbyshire initiated coverage with a Neutral rating and a €16 price target, citing limited upside unless the company improves its margins [5] Management Outlook - MICC's CEO Peter Ter Kulve expressed optimism about future growth, emphasizing a clear strategy to enhance productivity and reinvest in the company, aiming to lead the frozen snacking revolution and create value for shareholders [5]

Core Insights - TMICC has formally separated from Unilever and is establishing a key partnership with Publicis to enhance its identity as a standalone company [2][3] - The public listing of TMICC has created the world's largest ice cream maker, with a diverse portfolio including brands like Magnum, Ben & Jerry's, and Cornetto [3][7] - Publicis aims to leverage its data-driven technology and AI solutions to enhance TMICC's marketing efforts [3][5] Company Developments - The partnership with Publicis is seen as a pivotal step in TMICC's transformation journey, focusing on innovative and data-driven marketing strategies [4][7] - Publicis has recently secured several major accounts, including The Coca-Cola Company and Mars, highlighting its strengths in AI and data [5] - TMICC's transition has faced challenges, including internal governance issues at Ben & Jerry's, which has raised concerns about its independent board [6]

Group 1 - Unilever PLC (NYSE:UL) is recognized as one of the best ADR stocks, being one of the largest consumer goods companies globally [1] - The company has recently completed the divestment of its ice cream brand Magnum and allocated €1.5 billion for mergers and acquisitions, focusing on the US market [1] - In the fiscal third quarter, Unilever reported an underlying sales growth of 3.9% and a volume growth of 1.5%, with expectations of 3% to 5% underlying sales growth for the full year 2025 [2] Group 2 - The company experienced strong performance in emerging markets, particularly in Indonesia and China, although the ice cream business showed concerning results [2] - Jefferies raised its share price target for Unilever from 3,800 GBp to 4,000 GBp while maintaining an Underperform rating due to skepticism about achieving a 2.5% volume growth [2]

Core Insights - The Magnum Ice Cream Company (TMICC) has been included in the AEX Index on Euronext Amsterdam as of December 8, 2025, marking its first day of trading [1][2] - TMICC is recognized as the world's largest ice cream company, with a diverse portfolio of iconic brands including Magnum, Cornetto, and Ben & Jerry's, and operates in over 80 countries [3][5] - The company generated €7.9 billion in revenue in 2024, indicating strong financial performance [5] Company Overview - TMICC is headquartered in Amsterdam, Netherlands, and is the global leader in the ice cream market [3] - The company has a strategy focused on sustainable growth through innovation, productivity, and disciplined investment [3] - TMICC operates a global fleet of 3 million freezers, enhancing its distribution capabilities [5] Market Position - The AEX Index consists of the 30 largest and most actively traded companies on Euronext Amsterdam, highlighting TMICC's significant market presence [2] - The inclusion in the AEX Index positions TMICC alongside other leading Dutch and international businesses, enhancing its visibility to investors [3]

Core Viewpoint - The demerger of The Magnum Ice Cream Company (TMICC) from Unilever allows direct investment in popular ice cream brands, with TMICC valued at €7.8 billion ($9.1 billion) upon its debut on the stock market [2][3]. Company Overview - TMICC includes well-known brands such as Magnum, Cornetto, and Ben & Jerry's, and has been positioned as the world's largest ice cream producer [3]. - The company is not expected to qualify for major indices like the FTSE 100, which may lead to initial selling pressure from tracker funds [5]. Financial Insights - TMICC's valuation is competitive, being worth slightly more than Froneri, which holds an 11% market share in the $87 billion global ice cream market compared to TMICC's 21% [6]. - The absence of dividends in 2026 may deter some investors, impacting short-term share price prospects [5]. Growth Prospects - The CEO targets medium-term organic annual sales growth of 3%-5%, aligning with the long-term average achieved under Unilever [8]. - TMICC may have opportunities to enhance its supply chain investments, which were previously neglected under Unilever's broader portfolio [8]. Management and Governance - The management team, primarily composed of former Unilever employees, is expected to improve operational performance, although challenges remain, particularly with the Ben & Jerry's brand [9]. - Recent governance issues at Ben & Jerry's have raised concerns, with the CEO indicating potential changes in charitable contributions unless corporate governance issues are resolved [12]. Market Reactions - Unilever's stock rose by 3.6% following the debut of TMICC, indicating positive market sentiment towards the spin-off [32]. - The demerger is seen as a significant restructuring for Unilever, potentially leading to a re-rating of the company's market value as it focuses on its core brands [19][20].