Sectors: Technology
SEK has only managed to gain +3.3% in 2023 surrendering over half of its gains on Thursday, unfortunately the stock is relatively unloved closer to $25. As we keep saying the “strong keep getting stronger” aka Apple but SEEK has clearly not been invited to this party.
Hi James
BABA recently announced a breakup of the various business units into separate entities in order to unlock the true value of the business. The downside is that the new entities will only be listed on the HK exchange which could be a negative. Does MM see this as a good move that could eventually lead to a re-rating?
Many thanks
Alex
We wrote a report 2 weeks ago titled What did we learn from this week’s Sohn conference, as recession fears mount? A key theme was the opportunities associated with Artificial Intelligence (AI) which will clearly have a huge impact on how businesses (Market Matters included) operate in the future. At a tangible level, AI will increase productivity, and make it cheaper to deliver products & services, which will drive better earnings. More broadly, the possibilities are endless but scary.
Hi Market Matters
If you only had funds to allocate to one of these stocks
what order of preference would you give and why?
Which has the best risk-reward currently?
Thanks
Hi James and Team
Watched the Webinar today – Marcus Padley recommended the FANG ETF for International exposure to Tech. If one does not have direct International exposure would you agree the FANG ETF would be the way to go? You mentioned Microsoft, Snowflake are included in this ETF which M Matters have in their International Portfolio. This ETF is trading at it’s highs for the year. If you call it a buy at what price would you get in? Ben mentioned if Fed pauses growth could sell off – Should one wait and see at this stage for a better entry point?
regards
Debbie
ALL -3.06%: first half result for the gaming technology business today was largely in line, however weakness in the mobile segment weighed on shares today. Revenue was slightly ahead of expectations, up 125 to $3,080m, Segmental EBITDA (Pre-corporate and FX costs) was up 8% to $1,305m, and in line with expectations.
XRO +8.92%: A good update from the accounting platform today which solid progress as they work towards balancing growth and profitability. 2H23 Revenue of NZ$741m was inline with consensus while they ended the period with 3,741,000 subscribers, slightly better than expected and a few more than Market Matters.
Hi Team, what are you current thoughts around SLX since dropping recently to $3.23? What was the reason for this and is it a buy here ?
