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Stimulus Linkage : Consumer subsidies and employment targets (12 million urban jobs)[1] bolster discretionary spending. JD.com 2025 Projections : Revenue growth of 12-15% YoY[7], driven by appliance subsidies and food delivery expansion; net margin to 3.6-4.0%[11].

Catalysts AI functionality is a new world Assumptions Strong brand can deliver higher revenue growth in heated/inflationary climate While AI investment will be expensive, there will be reasonable increased profit growth with productivity and functionality benefits. Risks Global economic and political climate, along with investment risk in AI, necessitates higher risk level for discount calc.

Coherus is a promising company that did a bad borrowing and has more than paid the price. Its convertible bondholders created a short hedge and have inflicted massive damage on the company's SP.

After 41 years in the IT industry I've seen just about everything good and bad. The Good - AI will advance civilization by light years compared to the 1970s when mainframes ruled the computing world one batch process at a time.

Sofina is a long term oriented investment company collaborating amongst other with prestiguous funds like Sequoia. They are value investor but not afraid in taking stakes in innovating technology funds.

In 2024, MAB reported a significant increase in revenue and pre-tax profit, with revenue rising by 11% to around £266m and adjusted pre-tax profit growing by 31% to about £30.5m. The company has set new medium-term targets, including doubling its revenue from 2024 levels, achieving an adjusted pre-tax profit margin above 15%, exceeding 100% cash conversion, and doubling its market share.

Revenues from BNC First Day programs increased approximately $19.6 million, or 32%, helping to offset much of the decline. In the medium term, BNED believes that there are opportunities to materially improve its working capital position by lowering certain credit reserves, improving inventory turns, and enhancing the Company’s overall capital allocation framework.

Morningstar Equity Analyst Report

Indra Sistemas has a pretty unique advantage—actually, two. Not only is it a specialist in Airspace Defence, but it’s also partially owned by one of its biggest customers: the Spanish Government.