Equity Analysis

Ocado Group PLC: Ocado onboards Asda; store-led model gaining traction

LatestOcado has partnered with ASDA to deploy its Smart Platform across UK online grocery operations from 2027. The deal supports ASDA's turnaround efforts and enhances its e-commerce competitiveness...

IndiaMART's Growth Still Gradual, Despite Massive Opportunity

IndiaMART is growing, although like many platform businesses, just ticking along isn't enough.

CTS Eventim: An outstanding start to the year without flaws

Earnings/Sales Releases CTS Eventim has just released outstanding Q1 figures, well above consensus, and reiterated its Outlook for 2026. We thus expect a positive reaction tomorrow morning, given the...

Johnson Matthey: Future demands strong execution

Earnings/sales releasesH2 2025/26 remained a mixed bag for JMAT, with weak demand and Metal Losses weighing on Clean Air and PGM Services. EBIT remained dependent on cost savings. We expect future...

Asseco Poland: Strong Q1 backlog on current FX rates is c. 21% higher yoy.

Earnings/Sales releases Asseco Poland’s Q1 26 results were 3%-23% above PAP consensus on EBITDA, EBIT and net income level. Compared to our estimates, they outperformed especially on the level of...

Soitec once again blessed by a bullish valuation

There is a strange contradiction between the stockmarket performance of the Isère-based semiconductor specialist - whose share price has sky-rocketed sevenfold in 2026 - and its fundamentals, which...

EVN: HY25/26: EVN stays cautious on the FY25/26 guidance amid weak generation

Earnings/Sales releases EVN reported mixed results but reaffirmed FY25/26 net profit guidance of €430–480m. EBITDA rose 8% yoy to €553m, supported by resilient network activities, higher heat...

Interpump: One sell-off too many?

After a spectacular rally, the stock is struggling to rediscover its growth momentum. Two consecutive years of decline, weighed on by annual results, have nevertheless brought the valuation back to an...

Scottish & Southern Energy: FY25/26: A year of normalisation, with SSEN Transmission remaining the key driver

Earnings/Sales releasesFY25/26 earnings were broadly in line, with adjusted EPS of 153p and AOP down 8% to £2.2bn. Performance reflected weaker Wind conditions, lower Wholesale Spreads, hedged...

CyberAgent is Scaling up, But Can All Segments Resist?

Behind this rapid growth lies a risky balancing act.

Tingyi Squeezes Profits as Chinese Sales Cool Down

Tingyi Holding Corp. is engineering a temporary profit surge even as its actual sales slide. Can margin gains keep carrying the story when demand is slowing down? ...

Hitachi Energy Rides Grid Boom Cautiously

Like most infra plays, the real question isn't demand-it's whether Hitachi Energy India can execute without cost surprises.

Galenica: Strong sales and guidance maintained, but keep an eye on H1 costs

Earnings/Sales releases Despite brewing market risks, Galenica reported strong sales for the first four months of 2026. Segment-wise, there were varying positives across most key areas. Also, 2026...

AkzoNobel: Pot not sweet enough for Akzo

Latest Akzo Nobel rejected a €13bn bid from Nippon Paint and Sherwin-Williams, despite the offer implying a 39% premium to its share price. Positive investor sentiment has driven the stock price...

Mips: The "Gore Tex" of Security is Aiming for the Top Again

Rarely has a surge in demand placed such pressure on a company. Yet, this is the paradox that Mips has faced. Following the post-Covid euphoria, an inventory glut weighed heavily on the group's...

Prysmian: Wiring Intelligence

Artificial intelligence requires chips, servers and power. Although above all, it needs to be connected. As the world leader in cabling, Prysmian sits at the heart of this invisible infrastructure...

Why Meren Energy Desperately Needs a Lifeline

Meren Energy Inc. is bleeding cash and seeing its production tank, leaving the company totally exposed to mounting operational hurdles.

Stanmore's Price Boost Hides the Cracks

The market seems convinced that good times can stretch further, although in a slowing coal market, how long can pricing hold the fort?

DPM Metals Powers Ahead with Accelerating Momentum

DPM sells the idea of a steady gold producer, although it still feels like a leveraged bet on gold prices with a bit of execution risk layered on top. ...