1. JPMorgan has a strong track record of generating a double-digit return on tangible common equity; 2. JPMorgan has significantly outperformed U.S. bank peers since the Fed began raising interest rates in 2022; 3. JPMorgan is still over-earning relative to management's long-term ROTCE target, but the stock may have a credible path to reasonable long-term returns.
Recent #investment news in the semiconductor industry
➀ The Wuxi Industrial Group has become a shareholder of SK Hynix Wuxi Company;
➁ The registered capital of SK Hynix System IC (Wuxi) Co., Ltd. has been increased from 275 million US dollars to 385 million US dollars;
➂ SK Hynix System IC (Wuxi) Co., Ltd. was established in August 2018 and is engaged in the production, sales of integrated circuits, electronic components, and related technical services.
1. Retirement income portfolios typically seek high and defensive yields with decent growth potential. 2. This article presents two high-dividend picks for retirement portfolios to boost current income streams without excessive risk. 3. The author covers high-quality BDCs, equity REITs, and MLPs with good dividend yields and risk mitigation properties.
➀ inSync, a leading provider of large-aperture MEMS micro-mirror array chips and optical projection solutions, has completed a several million RMB angel+ round of financing from Yuanhe璞华.
➁ This is the third time in less than six months that inSync has received significant investment from top industry VCs, following strategic investments from Juguang and SoftBank China.
➃ The funds will be used to accelerate the development and commercial mass production of inSync's globally unique large-aperture MEMS micro-mirror array chips and LBS projection display modules.
1. Verizon's $20 billion acquisition of Frontier Communications aims to expand its fiber broadband footprint in rural markets; 2. Q2 2024 results show a 0.6% revenue increase to $32.8 billion, driven by a 3.5% rise in wireless service revenue; 3. Despite a recent decline in adjusted EPS, Verizon's strong cash flow and improved balance sheet support its growth strategy.
➀ The RAN market is facing a second consecutive year of steep declines after a 40 to 50 percent revenue growth between 2017 and 2021; ➁ The downward pressure is expected to persist until 6G becomes a reality; ➂ Operators will need to optimize their spectrum roadmaps to address various data traffic scenarios, and the RAN market may see further downward pressure due to the slowing growth of mobile data traffic.
➀ Kioxia, the third-largest manufacturer of NAND flash, has seen its valuation drop from $30 billion to $5 billion over the past seven years. Initial bids for Toshiba's memory business reached $30 billion, but the current market value is significantly lower. ➁ Toshiba's memory unit was previously owned by a Bain-led consortium that included Hynix, Apple, Dell, Kingston, and Seagate. ➂ With the latest valuation of $5 billion, Toshiba could potentially re-integrate its former memory unit at a low price.
➀ Gree Electric Appliances and its affiliate Zhuhai Ronglin plan to reduce their stake in Unigroup Weitang Technology, with each not exceeding 12.4281 million shares, within 3 months from the 15th trading day after the announcement.
➁ The reduction in shares is part of a plan to sell shares through a集中竞价 trading method, with the selling price to be determined by market conditions.
➂ Gree Electric Appliances and Zhuhai Ronglin first invested in Unigroup Weitang Technology in late 2018, contributing 3 billion yuan to help Weitang Technology acquire NXP Semiconductors. This investment has brought significant gains to both parties, with a combined holding value of nearly 220 billion yuan in 2020.
1. Essential Properties Realty Trust, Inc. (EPRT) demonstrates a solid business model, strong tenant relationships, and prudent management, making it an attractive long-term investment. 2. EPRT's diversified tenant base, long lease durations, and consistent rent escalations ensure steady income and growth, even in challenging economic environments. 3. The company's focus on sale-leaseback deals provides elevated cash yields and supports strong tenant relationships, contributing to a near-perfect occupancy rate.
➀ The Tian Shui Huatian Technology Co., Ltd. automotive electronics production line upgrade project commenced on October 11th;
➁ The project covers a total construction area of 106,800 square meters and has an investment of 4.8 billion yuan;
➂ Upon completion, the project is expected to increase annual sales revenue by 2.159 billion yuan.
1. Golub Capital BDC is trading at a slight discount to NAV despite strong dividend coverage and below-average leverage; 2. Q3 2024 earnings report shows GBDC's non-accruals remain low, with leverage decreasing to 1.05x debt-to-equity; 3. Adjusted NII per share significantly exceeds quarterly distribution, ensuring a robust 123% coverage.
1. Michael Burry, a renowned contrarian investor, has recently made significant investments in an office REIT. This article reviews his investment and shares insights. 2. Burry is known for his innovative and unprecedented bets against the market. 3. The article discusses Burry's investment strategy and his interest in real estate and Chinese tech companies.
1. The S&P 500 and Dow Jones Industrial Average reached historic highs. 2. Despite inflation concerns, markets continued to rise due to traders' resilience and positive bank earnings. 3. The Federal Reserve cut interest rates by 50 basis points for the first time since the COVID-19 pandemic.
➀ Tongfu Micro-Electronics announced that the state-owned Large Fund plans to reduce its stake by 3% within three months following the announcement of the reduction plan.
➁ The reduction in the shareholding of the Large Fund has attracted wide attention in the market.
➂ Despite the potential pressure from share reductions, Tongfu Micro-Electronics has shown significant improvement in its performance, with a revenue increase of 11.83% and a net profit increase of 271.91% for the first half of 2024.
1. Carlyle Credit Income Fund (CCIF) offers a high dividend yield of 14.7% with monthly distributions; 2. Supported by net investment income and recurring cash flows; 3. Attractive valuation despite trading at a premium to NAV, due to anticipation of interest rate cuts.
➀ ApertureData closes an $8.5m seed round led by TQ Ventures; ➁ The company provides a purpose-built database for multimodal AI; ➂ ApertureDB streamlines data management for complex multimodal datasets; ➃ The company aims to reduce data scientists' workload and accelerate project timelines.
1. ASML's stock has underperformed against its semiconductor peers; 2. It faces geopolitical headwinds and potential delays in fab construction; 3. Management is confident in AI growth prospects, but Wall Street is hesitant; 4. ASML is no longer expensive relative to its peers; 5. Consider buying more aggressively before others do.
➀ AI startups' VC funding dropped significantly from $29.6 billion in Q2 to $11.8 billion in Q3; ➁ The total number of deals decreased by 28% year-on-year; ➂ The cumulative funding in the AI sector reached over $241 billion with $53 billion invested in the first half of 2024.
➀ TSMC announced a significant investment in Vanguard International Semiconductor; ➁ The investment amounts to approximately US$116 million; ➂ TSMC acquires 42,485,831 shares of VIS at NT$88 per share.
➀ Seraphim Space has announced its latest accelerator programme, Mission 14, featuring 11 startups from various countries. The selected companies focus on space or space-based technology, including biodiversity monitoring, AI robotics, and solar cells. ➁ The programme has seen over $8.5 billion invested into space-related startups in the last 12 months. ➃ Seraphim Space has collaborated with entities such as Dentons, ESA, and KPMG to support the growth of SpaceTech businesses.