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Interesting articles relating to QMG or Sectors/Products we’re interested in.

Tamron Co Ltd (7740 JP) encouraging results

Company: Tamron Co Ltd (7740 JP) QMG product view: JA33.4 – Producers of optical instruments & photographic equipment Event: Q1 15 Results Highlights: o    Revenue: JPY16.8bn: +19% yoy o    Operating profit: JPY1.6bn: +136% yoy o    Operating margin: +470bps to 9.4% o    FY 2015 guidance: UNCHANGED – Revenue +6.6% to JPY78.5bn and operating profit +8.6% to JPY6.6bn. Forecast operating margin therefore +15bps to… Read more →

Tadano Ltd (6395 JP) better than expected

Company: Tadano Ltd (6395 JP) QMG product view: JA29.52 – Producers of machinery for mining, quarrying & construction Event: FY15 Results Highlights: o    Revenue: JPY204bn: +2% versus consensus estimates (Toyo Keizai) and +12.3% yoy o    Operating profit: JPY29.5bn – +8.3% vs consensus estimates (Toyo Keizai) and +39.4% yoy o    Operating margin: +290bps to 14.5% (+100bps stronger than consensus estimates) o    2016… Read more →

OKUMA Corp (6103 JP) beats estimates

Company: OKUMA Corp (6103 JP) QMG product view: JA29.4 – Producers of machine tools Event: FY14 Results Highlights: o    Revenue: JPY166.23bn: +2% versus consensus estimates (Toyo Keizai) and +23.7% yoy o    Operating profit: JPY14.53bn – in line with consensus estimates (Toyo Keizai) and +55.5% yoy o    Operating margin: +175bps to 8.7% (in line with consensus/corporate guidance) o    2015 guidance: Revenue… Read more →

WSJ: How computers trawl a sea of data for stock picks

  Image courtesy of Flickr – provided under Creative Commons License 2.0 here   How computers trawl a sea of data for stock picks “NEW YORK—In SoHo offices where robots occasionally ply the hallways, dozens of Ph.D. scientists with degrees in fields like astrophysics, immunology and linguistics huddle every day around computer screens that show billions of dollars zapping around the… Read more →

INTEL (INTC US) PREVIEW – WE DON’T EXPECT ANY SURPRISES WITH CONSENSUS LARGELY IN-LINE WITH QMG OBSERVATIONS

As we dive into US reporting season, Intel (INTC US) has sparked our interest given the recent sell off, with Microchip (MCHP US) citing a slowdown in sales to China, stating “another industry correction has begun”. QMGI data offers significant insight to the electronic component market, and not all is as bad as it seems. Despite the backdrop of global… Read more →

Pepsic (PEP US) Q3 beats estimates; A positive for Dr Pepple Snapple (DPS US) and a negative for Crown Holdings (CCK US)

PEP reported Q3 earnings on Friday which beat sales, EPS and operating margin expectations by 1%, 5% and 120bps respectively. The company also gave a modest upgrade to FY 2014 EPS guidance. Of particular note was the performance of PEP’s Beverages (Americas) division, where price and margin trends remain on a strongly upward path – a trend that QMGI data… Read more →

US Foot Retailers – tread with care

Michael Jordan was responsible for 32,292 points, two Olympic gold medals, 6 NBA titles, and the Air Jordan shoe. First released in 1984, modern day variants are still available on the shelves and webpages of Footlocker (FL US). The original version of the show worn by Michael Jordan was banned by the NBA for not meeting regulations requiring predominantly white… Read more →