The Browser Underdog: Opera's Surprising Surge◉ Abstract
Opera Limited (OPRA) presents a compelling investment opportunity, boasting an attractive valuation with a P/E ratio of 10.1x, significantly lower than the peer average of 66.5x. The company demonstrated strong financial performance in FY23, with 20% revenue growth reaching $396.8 million, accompanied by impressive cash flow growth of $82.8 million. Opera's debt-free status adds to its financial health. However, challenges persist, including its limited 2.4% market share in the competitive browser market, heavy dependence on browser revenue, and regulatory and technical risks. Despite these challenges, Opera's strengths and resilience, coupled with the industry's growth prospects, make it an attractive investment choice.
Read full analysis here.........
◉ Introduction
The internet browsing market is highly competitive, with approximately 5.3 billion monthly active users as of 2024. Google Chrome dominates the market with a 65.18% share, followed by Safari at 18.55%, Microsoft Edge at 5.26%, and Mozilla Firefox at 2.74%.
The market is expected to continue growing, driven by increasing internet penetration, the proliferation of smart devices, and the demand for enhanced web experiences. Additionally, the shift towards mobile browsing, with mobile devices accounting for a significant portion of internet traffic, will further fuel this growth, leading to projected expansion and innovation in the industry.
◉ Key Growth Drivers
1. Increased Internet Penetration: Global internet user numbers are steadily rising, particularly in developing regions where access to technology is improving.
2. Mobile Device Usage: The shift towards mobile browsing is significant, with browsers like Chrome and Safari leading in mobile usage due to their integration with popular operating systems (Android and iOS) respectively.
3.Technological Advancements: Continuous improvements in browser technology, including speed enhancements, security features, and user-friendly interfaces, attract more users.
4. Focus on Privacy and Security: Growing concerns about online privacy have led to increased demand for browsers that prioritize user data protection. This trend benefits browsers like Firefox and Opera, which emphasize privacy features.
5. Integration with Ecosystems: Browsers that integrate well within their respective ecosystems (e.g., Safari with Apple devices) tend to retain users more effectively due to seamless functionality across devices.
◉ Major Players
Today, our discussion will center on Opera, a niche browser vendor navigating the global internet browsing market dominated by Google Chrome and Safari.
This report presents an in-depth examination of Opera's technical and fundamental metrics.
◉ Company Overview
Opera Limited NASDAQ:OPRA is a Norway-based tech innovator, established in 1995. Listed on NASDAQ (OPRA), Opera boasts a global team of 500+ employees. Its diverse portfolio includes Opera Browser, Opera Mini, Opera GX, and Opera News. The company operates through four segments: Browser and Search, Advertising, AI-driven Content Discovery, and Fintech (Opera Pay). Opera's growth strategy focuses on emerging markets, AI enhancements, advertising expansion, and fintech development.
◉ Investment Advice
💡 Buy Opera Limited NASDAQ:OPRA
● Buy Range - 16.8 - 17.8
● Sell Target - 23.5 - 24.5
● Potential Return - 33% - 38%
● Approx Holding Period - 12-15 months
◉ Revenue Breakdown (FY23)
● Total Revenue: For the full year 2023, Opera reported total revenue of $396.83 million, up from $331.04 million in 2022, marking a 20% year-over-year growth.
● Advertising Revenue: Advertising revenue constituted approximately 59% of total revenue, amounting to around $234 million. This segment grew by 24% year-over-year, driven by the success of the Opera Ads platform and browser monetization strategies.
● Search Revenue: Search revenue accounted for about 15% of total revenue, totaling approximately $60 million, with a growth rate of 15% year-over-year. This growth is attributed to targeting users with higher monetization potential, particularly in Western markets.
● Technology Licensing and Other Revenue: This segment represents a smaller portion of the overall revenue, contributing roughly $0.1 million, reflecting the company’s ongoing efforts to monetize its technology beyond its core browser offerings .
◉ Strengths & Weaknesses
The company has experienced significant growth and innovation in recent years. However, it also faces various challenges. Here’s a detailed analysis of its strengths and weaknesses:
● Strengths:
1. Innovative Features:
➖ Opera GX Gaming Browser: Tailored for gamers with CPU and RAM limiters, plus integrations with Twitch and Discord.
➖ Built-in Ad Blocker: Improves browsing speed by blocking ads and tracking cookies.
➖ Free VPN: Enhances privacy by encrypting traffic and hiding IP addresses, allowing access to region-restricted content.
2. Diverse Revenue Streams: Revenue comes from multiple sources, including advertising (about 59%) and search (around 15%), providing financial stability.
3. Financial Growth: Consistent revenue growth, reaching $397 million in 2023, with positive projections for 2024.
4. Strategic Partnerships: Collaborations with major tech companies enhance service offerings and market reach.
● Weaknesses:
1. Limited Market Share: Holds only about 2.4% of the global web browser market, significantly trailing competitors like Google Chrome.
2. Heavy Dependence on Browsers: About 82% of revenue comes from web browsers, making the company vulnerable to shifts in user preferences and market trends.
3. Regulatory Vulnerability: Risks associated with changes in affiliate marketing regulations and data protection laws could impact revenue.
4. Technical Challenges: Users report stability issues and bugs that affect overall experience.
◉ Technical Aspects
● Weekly Chart
➖ In July 2023, the stock peaked at around the 27 level but then encountered considerable selling pressure, leading to a drop towards the 10 level.
➖ Following an extensive period of consolidation, the price has recently achieved a breakthrough and is trending upwards.
● Daily Chart
➖ The daily chart reveals the formation of an Inverted Head & Shoulders pattern.
➖ After a recent breakout, the stock price is currently consolidating just above the breakout level, with expectations of future increases.
◉ Technical Indicators
1. RSI (Daily Chart)
➖ Current RSI of this stock is 66.42, which indicates the strength of buyers.
2. ADX & DI (Daily Chart)
➖ Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
3. MFI (Daily Chart)
➖ The current MFI is 59.04, suggesting that the stock is not in an overbought state.
4. EMA’s (Daily Chart)
➖ The stock price is currently positioned above all key EMAs, indicating robust momentum.
◉ Relative Strength
➖ The chart highlights Opera's impressive outperformance of the Nasdaq Composite index, driven by a substantial 50% annual return.
◉ Revenue and Profit Analysis
● Year-over-Year
➖ Opera Limited reported strong financial performance in fiscal year 2023, with revenue reaching $396.8 million, representing a 20% increase from $331 million in fiscal year 2022.
➖ The company's EBITDA also saw significant growth, rising 35% to $69.2 million from $51.2 million in the prior year, while the EBITDA margin expanded to 17.4% from 15.5%.
● Quarter-over-Quarter
➖ Opera Limited's quarterly performance ending September 2024 was equally impressive, with revenue climbing 12% to $123.2 million from $109.7 million in the preceding quarter and 21% from $102 million in the same quarter last year.
➖ Additionally, EBITDA increased 5% to $27.3 million, and diluted earnings per share (LTM) edged up to $1.78 from $1.75 in the previous quarter.
◉ Valuation
1. P/E Ratio
● Current P/E vs. Peer Average P/E
➖ Analyzing the P/E ratio reveals that OPRA stands at 10.1x, highlighting a substantial undervaluation when compared to the peer average of 66.5x.
● Current P/E vs. Industry Average P/E
➖ Within the US software sector, OPRA's P/E ratio of 10.1x is markedly lower than the industry average of 41.9x, signaling that it is relatively inexpensive.
2. P/B Ratio
● Current P/B vs. Peer Average P/B
➖ Examining the P/B ratio, OPRA's current figure of 1.8x falls short of the peer average of 5.5x, indicating a relative undervaluation.
● Current P/B vs. Industry Average P/B
➖ When juxtaposed with the industry average, OPRA's P/B ratio of 1.8x points to a notable undervaluation, as the industry average stands at 3.7x.3.7x.
3. PEG Ratio
➖ A PEG ratio of 0.07 implies that the stock is undervalued in relation to its anticipated earnings growth.
◉ Cash Flow Analysis
➖ In the fiscal year 2023, operational cash flow saw impressive growth, soaring to $82.8 million, a significant rise from the $56.7 million recorded in fiscal year 2022.
◉ Debt Analysis
➖ The company proudly maintains a completely debt-free status, showcasing its strong financial health.
◉ Top Shareholders
➖ Arrowstreet Capital's stake in the company stands at 1.23%, indicating a 4.9% reduction in holdings from the prior quarter.
◉ Analyst Price Target
➖ The 12-month consensus price target for Opera stands at $24.20, implying a substantial potential appreciation of 32% from current levels, presenting an attractive investment opportunity.
◉ Conclusion
Opera's attractive valuation and impressive financial performance make it a compelling investment opportunity. However, the company's financial outlook is not without challenges. Market uncertainty and unforeseen events pose risks, while its e-commerce monetization efforts remain vulnerable to market volatility and competition. Additionally, Opera operates in a highly competitive browser market, where intense rivalry could impact user engagement, retention, and revenue. Despite these challenges, the industry's significant growth prospects support a positive outlook, driven by Opera's strengths and resilience, making it an attractive investment choice.
Investment
PayPal (PYPL): New Features and Market ImpactPayPal NASDAQ:PYPL is currently up 44% from our initial entry, demonstrating strong performance within a developing trend channel. While not entirely symmetrical, the addition of a smaller trend channel on the upper side showcases nearly perfect alignment, highlighting this stock’s potential for growth.
Last Thursday, PayPal announced a new feature allowing customers to collect money from friends and family for shared expenses, available in the US, Germany, Italy, and Spain. While innovative, this announcement led to a 4% dip in PayPal’s stock, likely due to profit-taking by investors.
From a technical standpoint, we expect a three-wave correction to finalize wave (iv). Currently, the key support zone lies at the 38.2% Fibonacci retracement level near $76, which aligns with the last level before a low-volume node. If this support fails, the 50% Fibonacci level becomes the next likely target. However, NASDAQ:PYPL should avoid prolonged trading below wave (i)’s range of $70 to maintain its bullish structure.
QUALCOMM (QCOM): Diversified Growth Amid DowntrendQualcomm ( NASDAQ:QCOM ) presents an intriguing setup as we believe the wave I and a larger cycle might have concluded. Following its peak, NASDAQ:QCOM has dropped nearly 30%, retracing back to the range high. To finalize wave (A), we expect an additional leg down to complete the intra 5-wave structure. The likely target lies between $143 and $133, a range that aligns well with the Point of Control (POC) from March 2020 to now. This adds confluence to its significance as a potential support zone.
Despite the technical setup, we caution that the risk for a long position remains high. A more favorable entry could arise once NASDAQ:QCOM reclaims the range, validating the start of a potential bullish wave.
For the current quarter, Qualcomm projects revenues between $10.5 billion and $11.3 billion, with automotive sales anticipated to rise 50% year over year. CEO Cristiano Amon’s strategy to diversify Qualcomm beyond smartphones into chips for PCs, cars, and industrial machines underscores the company’s adaptability.
The next financial results release is scheduled for January 29, 2025, offering further insights into Qualcomm’s trajectory.
The $143-$133 range is a key zone for potential support, bolstered by its alignment with the POC. A decisive break below this zone could invalidate the bullish outlook, while a breakout above the range high may provide an opportunity to long this stock with lower risk. The completion of wave (A) would ideally coincide with a structural turnaround.
We are closely monitoring NASDAQ:QCOM for any signs of a reversal. Should the stock confirm a reclaim of the range, we may consider initiating a long position with a more precise stop-loss strategy. Until then, patience and vigilance are essential.
The Anime Market, A Booming Industry with Exciting ProspectsThe global anime industry is growing at an incredible pace, evolving from a niche entertainment form to a global phenomenon. Valued at around USD 31.23 billion in 2023, the anime market is expected to grow by 9.8% annually from 2024 to 2030. By 2025 and 2026, the industry is set to reach even greater heights, driven by several key trends.
Anime has become a favourite worldwide, boasting a fanbase of over 800 million people. This popularity has been boosted by streaming platforms like Netflix and Crunchyroll, which bring anime to international audiences with ease. These platforms not only make it simpler for people to enjoy anime but also help new shows gain fans globally at the same time, creating a connected community of enthusiasts.
One of anime’s strengths is its variety of stories, from thrilling action to heartfelt drama, appealing to all age groups and cultures. This flexibility allows anime to attract a wide audience and keep them engaged. Moreover, anime-inspired trends in fashion and media have brought this art form closer to mainstream culture, making it more popular than ever.
More Than Just Entertainment
The anime market isn’t only about shows and movies—it also fuels massive sales of merchandise like toys, clothing, and posters. Anime conventions have become big events, bringing fans together and boosting local economies. Collaborations with well-known brands have also expanded anime’s reach, proving its strong cultural and commercial value.
Advancements in technology are making anime better and more accessible. Animation techniques are improving, and virtual reality (VR) and augmented reality (AR) are starting to give fans immersive experiences. In the future, artificial intelligence (AI) could further enhance production, helping creators bring even more imaginative stories to life.
BloomZ Inc.: Ready to Ride the Wave
Among the companies poised to benefit from this growth is BloomZ Inc. (NASDAQ: BLMZ), a Japanese firm specialising in voiceovers for anime and games. BloomZ has announced plans to dive deeper into the anime market by producing its own shows. With its expertise in voice acting and sound production, the company is well-positioned to create high-quality anime content for a global audience. This move not only aligns with the industry’s growth but also places BloomZ as a key player in the market’s future.
Looking Ahead
The anime market is set to thrive in the coming years, thanks to its universal appeal, technological innovation, and growing fanbase. Companies like BloomZ Inc. are stepping up to play an important role in shaping this exciting industry. As anime continues to capture hearts worldwide, the opportunities for growth seem endless.
NASDAQ: SBC, Empowering the Growth of Aesthetic MedicalSBC Medical Group Holdings (NASDAQ: SBC) is making waves in the aesthetic medicine industry with its dynamic growth strategy and robust franchise model. Analysts at Zacks have set a target price of $15.40, reflecting confidence in SBC's ability to scale its operations and expand internationally. With a current share price of $6.80 (as of November 2024), the company presents a compelling case for investors seeking growth in an underpenetrated market.
Dominance in Japan’s Growing Market
SBC operates the largest network of franchised clinics in Japan, with 220 locations under various brands, capturing an estimated 31% market share. Despite its leadership, the Japanese aesthetic medicine market remains relatively untapped, with just 10% penetration. The company treated 3.9 million patients in 2023, a 26% increase from 2021, highlighting the growing demand driven by social media and demographic trends.
Comprehensive Solutions and Strong Financials
SBC's franchisees benefit from a comprehensive suite of services, including administrative support, marketing, procurement, and technology integration. These offerings enable clinics to focus on high-quality, affordable patient care while expanding their service portfolios.
The company’s financial performance reflects its growth momentum, with revenue reaching $193 million in 2023, up 10% year-over-year. A 5-year revenue CAGR of 24% underscores the scalability of its model, supported by a strong EBITDA margin of 42.5% and a robust cash position of $103.7 million.
Global Expansion Strategy
SBC’s international operations in Vietnam and California signal the early stages of a broader global strategy. The clinics cater to rising demand for popular treatments like liposuction and eyelid surgery, aligning with global trends in non-invasive and surgical procedures. With the global aesthetic medicine market projected to grow from $59.8 billion in 2024 to $81.7 billion by 2032, SBC is well-positioned to capture a significant share.
Outlook and Investor Potential
The $15.40 target price reflects optimism about SBC’s continued network expansion and revenue growth. While challenges like foreign exchange risks and competitive pressures persist, the company’s innovative approach and financial discipline mitigate these risks.
SBC Medical Group stands out as a growth-oriented player in a burgeoning industry. With its proven franchise model and strategic vision, the company offers investors an attractive opportunity to tap into the expanding global aesthetic medicine market.
A Glimpse into My 2025 Stock Picks (US Edition)As we enter 2025, the U.S. stock market presents a landscape ripe with opportunities. The Federal Reserve's recent meeting minutes indicate a cautious yet optimistic approach, suggesting that while inflationary pressures are being monitored, the overall economic outlook remains positive. This balanced stance bodes well for investors seeking growth in the coming year.
Janux Therapeutics Inc. (NASDAQ: JANX)
Janux Therapeutics is a clinical-stage biopharmaceutical company specializing in the development of novel immunotherapies for cancer treatment. Leveraging its proprietary Tumor Activated T Cell Engager (TRACTr) and Tumor Activated Immunomodulator (TRACIr) platforms, Janux aims to create therapies that are both effective and safe. In the third quarter of 2024, the company reported financial results highlighting its ongoing commitment to advancing its pipeline, with significant investments in research and development.
LandBridge Company LLC (NYSE: LB)
LandBridge is a landowner in the oil-rich Permian Basin, focusing on leasing its extensive acreage to oil and natural gas producers. Since its IPO in mid-2024, where shares debuted at $19 each, the company has demonstrated robust revenue growth. In the third quarter of 2024, LandBridge reported a 60% year-over-year increase in revenues, reaching $28.5 million. This growth underscores the company's strategic positioning and the strong demand for its assets.
Ryde Group Limited (NYSE: RYDE)
Ryde Group is a transportation and mobility services provider, offering a range of solutions from ride-sharing to electric scooter rentals. In Singapore, the recent surge in Certificate of Entitlement (COE) prices has significantly increased the cost of car ownership, pushing consumers toward more affordable e-mobility options. Ryde, as a niche player in this industry, stands to benefit from this shift. Additionally, the company's current low valuation provides a safety net for investors, making it an attractive prospect in the evolving mobility landscape.
In conclusion, the U.S. stock market in 2025 appears poised for continued growth, supported by a stable economic environment and strategic corporate advancements. Investors should consider companies like Janux Therapeutics, LandBridge Company, and Ryde Group, each offering unique value propositions in their respective sectors.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research or consult with a financial advisor before making investment decisions.
SWING IDEA - DEEPAK NITRITE LTDDeepak Nitrite , a leading chemical company known for its diverse product portfolio, is showing a promising setup for swing trading.
Reasons are listed below :
2500 Support Zone : The price is resting on a well-tested support level around 2500, adding to the reliability of a potential bounce.
Hammer Candle on Weekly Timeframe : The appearance of a hammer candle suggests a reversal could be on the horizon as buyers regain control.
Golden Fibonacci Support : The current price aligns with a key Fibonacci retracement level, providing additional support.
50 EMA Support on Weekly Timeframe : The price holding above the 50 EMA is a sign of continued strength and underlying support.
Trend Intact with Higher Highs and Higher Lows : The consistent formation of higher highs and higher lows reinforces a bullish trend.
Target - 3000 // 3170
Stoploss - weekly close below 2440
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Disney (DIS): Strong Recovery After Oversold LevelsWhat a pity! Back in late June, we anticipated that Disney would find its support at a maximum of $89, and it ended up bottoming out at $84 – perfectly aligned with our prediction ✅. Since then, the stock has surged nearly 37%, driven by today’s earnings report. This looks like a very strong bottom for NYSE:DIS , as it was deeply oversold and perfectly touched the 88.2% Fibonacci retracement level.
The surge today was fueled by robust results for its fiscal fourth quarter, showing better-than-expected profits in both streaming and domestic theme parks — Disney’s two most critical business units. Additionally, Disney broke tradition by offering detailed earnings projections for the next two years, emphasizing its forward-looking confidence. With annual revenue of $91.4 billion, Disney achieved a new record, showcasing its growth momentum.
With today’s move, NYSE:DIS closed the remaining gap between $108-$111. However, the close doesn’t look very promising on the 3D chart, and if Disney ends up below this range, it could signal a pullback. A retest of $104-$97 seems likely and could provide the necessary momentum to fully reclaim this resistance zone.
We will continue to monitor the situation closely and will update if key levels are breached.
Gold (XAUUSD): Trend channel broken amid latest economic dataGold futures ( OANDA:XAUUSD ) have fallen to a two-month low, influenced by a stronger U.S. dollar at a one-year high and Bitcoin’s rise to $90,000, amid a shifting economic narrative highlighted by Donald Trump’s resurgence in the political arena.
This recent drop has prompted us to revise our technical scenario. Losing the trend channel on the chart has triggered our alternative outlook, leading to adjustments in the wave count. While it is theoretically possible that the wave ((4)) hasn’t concluded yet, this seems increasingly unlikely given the current price action and market environment.
Gold’s continued decline coincides with the latest U.S. economic data. Both the Consumer Price Index (CPI) and Producer Price Index (PPI) reports aligned with expectations, but they failed to reinforce hopes of an interest rate cut in January. Higher real yields on U.S. Treasury bonds have made non-yielding assets like Gold less attractive, adding to the bearish momentum.
Looking forward, we are closely monitoring the price reaction to these developments. While the possibility of a short-term rebound exists, the loss of the trend channel is a key bearish signal that could point to further downside. We remain cautious and ready to update our strategy as the situation evolves.
Cisco (CSCO): Waiting for an entry after earningsCisco NASDAQ:CSCO recently reported its Q1 earnings, and the results exceeded expectations. With a reported revenue of $13.841 billion versus the estimated $13.775 billion, and earnings per share (EPS) coming in at $0.91 against an expected $0.872, the company delivered a positive surprise. This marks the ninth consecutive quarter where Cisco has beaten revenue estimates.
On the technical side, the previously bearish outlook has been invalidated. We have updated our chart, adjusting the wave (4) bottom to align with the lower trend channel. After a remarkable 33% rally in just 100 days, the stock is due for a “healthy” pullback, potentially targeting the range high of $52-$48. However, this will heavily depend on further market reactions to the earnings report.
From a broader perspective, we are now targeting a push towards or even above the upper trend channel for the wave 3 and subsequently the wave (5). However, these moves are long-term prospects and will take time to materialize.
The focus remains on recurring revenue, which has grown significantly year-over-year, reaching $29.6 billion in the fourth quarter. While recurring revenue from subscriptions is a bullish factor, potential concerns regarding company spending in the second half of 2024 need to be monitored.
We are closely observing the lower time frame for potential entry opportunities, keeping an eye on the anticipated pullback to confirm healthy growth momentum.
Agape ATP Corporation (NASDAQ: ATPC) Q3 Results AnalysisAgape ATP Corporation (NASDAQ: ATPC) is progressing through a strategic gestation period, investing in key areas to drive long-term growth. While Q3 2024 saw a slightly higher net loss compared with Q3 2023, these numbers reflect ATPC’s commitment to building its foundation for sustainable growth.
Revenue reached $331,289 for the quarter and $962,971 for the nine months, slightly down year-over-year, as the company realigns its product offerings and marketing strategies to capture new market segments.
A significant contributor to ATPC’s current resilience is its complementary health therapies sector, which showed a revenue increase to $227,249 for the quarter and $688,415 for the year-to-date, reflecting demand for health services that align with wellness trends.
To further diversify, ATPC’s new venture in renewable energy—spearheaded by ATPC Green Energy Sdn. Bhd. (AGE)—positions the company within a high-potential sector committed to environmental sustainability.
Despite the current challenges in its network marketing segment, ATPC’s focus on refining this channel and expanding its product range indicates a proactive approach to overcoming temporary setbacks.
As ATPC completes this foundational phase, its broadening scope in wellness and green energy promises a strengthened and more versatile position in the market, setting the stage for a promising trajectory.
Rising Costs Drive Singaporeans Away from Car OwnershipOwning a car in Singapore has long been associated with substantial financial commitments, but recent developments have further escalated these costs, making vehicle ownership increasingly prohibitive for many residents.
A significant contributor to the rising expenses is the Certificate of Entitlement (COE), a mandatory permit required to own and operate a vehicle in Singapore. COE prices have surged dramatically; as of May 2024, premiums for smaller cars (Category A) reached S$92,700, while those for larger vehicles (Category B) climbed to S$105,689. These figures represent record highs, reflecting intensified competition for limited vehicle quotas.
Beyond the COE, additional taxes such as the Additional Registration Fee (ARF) have been adjusted to further deter car ownership. The ARF is calculated as a percentage of the vehicle's Open Market Value (OMV), with rates escalating for higher-value cars. In February 2023, the government increased ARF rates for luxury vehicles, imposing a tax of up to 320% on cars with an OMV exceeding S$80,000.
Operational costs have also risen. Fuel prices have been affected by global oil market fluctuations, leading to higher expenses at the pump. Additionally, Electronic Road Pricing (ERP) charges, which are levied to manage traffic congestion, have seen periodic adjustments, adding to the daily costs of driving. Parking fees, maintenance, and insurance premiums have similarly trended upwards, contributing to the overall financial burden of car ownership.
These escalating costs have prompted a shift in consumer behaviour. Many Singaporeans are reconsidering the necessity of owning a personal vehicle, opting instead for alternative modes of transportation. Public transport systems, including buses and the Mass Rapid Transit (MRT), offer comprehensive coverage and are viewed as cost-effective alternatives. Additionally, the rise of ride-hailing services provides flexible and convenient options without the long-term financial commitments associated with car ownership.
In this evolving landscape, companies like Ryde Group Limited stand to benefit. Established in 2014, Ryde is a Singapore-based technology company specialising in mobility and quick commerce solutions. Its services include on-demand and scheduled carpooling and ride-hailing options, connecting riders with a network of driver-partners. Additionally, Ryde offers real-time, on-demand, scheduled, and multi-stop parcel delivery services through its driver-partner app. In March 2024, Ryde became the first Singaporean ride-hailing startup to list on the New York Stock Exchange under the ticker symbol " RYDE ", raising US$12 million through its initial public offering.
By providing cost-effective and convenient alternatives to car ownership, Ryde is well-positioned to cater to individuals seeking to navigate Singapore's transportation network without incurring substantial expenses.
Shopify (SHOP): Riding the 130% rally after the earnings surgeShopify kicked off the earnings week with a significant surge, rising 130% since our entry. We’ve taken additional profits at this level and canceled our second limit order. The stock has reached the 161.8% Fibonacci target at $111, aligning with our strategy.
In its third-quarter earnings report, Shopify reported revenue that exceeded Wall Street’s expectations, with double-digit gross merchandise volume growth. Looking ahead, the company forecasts a mid-to-high-twenties percentage growth in revenue for Q4, supported by the same factors driving its strong performance this year.
While Shopify continues its upward momentum, there’s no clear indication of when this rally might lose steam. The RSI is currently overbought, suggesting a potential pullback in the near future. If we spot a wave 4 correction, we will reassess and update the chart for a potential new entry.
NIFTY50 // Breakdown or Reversal?www.tradingview.com
Everyone has seen a severe breakdown in Nifty in recent days and approx. 11% correction. But hey, wait a minute.
Did you checked the level where it is holding right now?
It is the same level from where it has taken a pause and breakout in past. Meaning, we can consider it as a strong buying zone.
Along with the above, it is also a level where 38% retracement is there from Fibonacci retracement perspective.
Consider the level of support at 23500, if Nifty doesn't goes below from here next week, be ready for a resume of bull run again.
So, the next resistance will be : 24500, 26300, 28200, 30000
and, the support will be : 22500, 21600, 21000.
Please note, there is an open gap between 20300-20500. That is the only concerning area. If it goes there to fill the gap, the last support will be 19900.
So, wait for the end of the current weekly candle. If you could see there are approx 6 divergence too on weekly candle which suggest change in situation.
Good luck.
Thanks
StoxWare team
Trading Idea: BloomZ Inc. (NASDAQ: BLMZ) | 12 November 2024Animation audio specialist BLMZ has recently showed a consolidation trend with a diminishing selling pressure (as indicated by volume). We see this as a potential start of a trend reversal, on the basis where BLMZ is able to sustain above its current key support level of $0.760. Regardless, we see this as a low risk trade as this support has been tested over multiple times in the past weeks, and we think this is a good chance for traders with zero position.
We rate "Trading BUY" for BLMZ based on the current junction.
"En Route to Recovery" - EuroSports Global Ltd. (SGX: 5G1)Based on our observation, EuroSports Global has been showing signs of recovery alongside with a sign of collection (as indicated by the MCDX indicator), while RSI shows a neutral-positive upwards trend. Currently, EuroSports is challenging its key resistance at S$0.200, with a potential to challenge higher upon breaching the resistance, while key support remains at S$0.160 as tested multiple times over the past week.
We keep a "BUY" rating for EuroSports Global, given the encouraging momentum the share price is showing.
Vita Coco: Hydrating Investors with Impressive Growth Prospects◉ Abstract
The US coconut water market, projected to grow at 18.10% CAGR to $5.12 billion by 2029 from $1.89 billion in 2023, presents significant opportunities. Vita Coco, the market leader, demonstrates resilience amidst supply chain challenges. Notably, industry giants Coca-Cola and PepsiCo, which previously ventured into this space with ZICO and O.N.E., respectively, have since divested their interests, validating Vita Coco's competitive advantage. With a debt-free balance sheet, 15% revenue growth in FY2023, and expanding EBITDA margins, its fundamentals remain strong. This robust growth trajectory, combined with a solid financial foundation, positions the company as an attractive investment opportunity, offering potential for long-term value creation and substantial returns. Investors seeking exposure to the burgeoning natural and organic beverages market may find this growth story compelling.
Read full analysis here………..
◉ Introduction
The coconut water beverage market in the United States is experiencing significant growth, driven by increasing health consciousness among consumers and a rising demand for natural and organic beverages. Here are the key insights into the current state and future projections of this market.
◉ Current Market Size and Growth Rate
The U.S. coconut water market was valued at USD 1.89 billion in 2023 and is projected to reach USD 5.12 billion by 2029, growing at a CAGR of 18.10% during this period.
◉ Key Growth Drivers
● Health Consciousness: Increasing consumer preference for natural, low-calorie beverages that offer hydration and essential electrolytes.
● Rising Demand for Functional Beverages: Coconut water is popular among athletes and health enthusiasts for its functional benefits, such as electrolyte replenishment.
● Growth of Organic Products: Rising demand for organic coconut water as consumers seek clean-label products free from additives.
● Innovative Product Offerings: Introduction of flavoured coconut water and convenient packaging options, such as cans, enhances appeal and accessibility.
● Increased Availability and Distribution: Wider retail presence in supermarkets, health food stores, and online platforms boosts market accessibility.
● Cultural Acceptance: Traditional significance of coconut water in regions where coconuts are common supports its global popularity.
● Sustainability Trends: Eco-friendly packaging and sustainable sourcing practices attract environmentally conscious consumers.
◉ Major Players in the US Coconut Water Industry
1. Vita Coco
● Market Position: Vita Coco is one of the leading brands in the coconut water segment, known for its wide range of flavours and strong brand recognition.
● Product Offerings: Offers plain and flavoured coconut water in various sizes.
● Market Share: Holds a substantial portion of the market, often cited as the top player.
2. Coca-Cola Company (ZICO)
● Market Position: Previously owned ZICO, a well-known coconut water brand, which Coca-Cola acquired in 2012 but later discontinued in 2020.
● Current Status: While ZICO is no longer on the market, Coca-Cola remains a significant player through its other beverage offerings.
3. PepsiCo (O.N.E.)
● Market Position: PepsiCo's O.N.E. brand was a notable competitor in the coconut water space until its divestment in 2021.
● Current Status: PepsiCo has shifted focus away from this segment but retains influence through its broader beverage portfolio.
4. C2O Pure Coconut Water
● Market Position: C2O is recognized for its pure coconut water sourced from Thailand, emphasizing quality and natural ingredients.
● Market Share: It holds a significant share among niche brands.
5. Taste Nirvana
● Market Position: Specializes in high-quality coconut water sourced from Thailand, focusing on authentic taste and premium offerings.
● Product Range: Includes both plain and flavoured varieties.
6. Amy & Brian Naturals
● Market Position: Offers 100% natural coconut water with no additives, appealing to health-conscious consumers.
● Distribution: Available through various retail channels, including health food stores.
7. Other Notable Brands
● Additional brands such as Raw C, Bai, and Harmless Harvest also contribute to the market's competitive landscape, offering unique products that cater to different consumer preferences.
In an industry poised for robust growth, we will conduct an in-depth examination of Vita Coco's technical and fundamental aspects.
◉ Company Overview
The Vita Coco Company Inc. NASDAQ:COCO is a leading developer, marketer, and distributor of coconut water products and other beverages. Its portfolio includes Vita Coco coconut water, coconut oil, and coconut milk, as well as Runa plant-based energy drinks, Ever & Ever packaged water, and PWR LIFT protein-infused fitness drinks. The company also offers private label coconut water and oil solutions for retailers. With a global presence spanning the United States, Canada, Europe, Middle East, Africa, and Asia Pacific, Vita Coco's products are available through various channels, including club stores, food and drug retailers, convenience stores, e-commerce platforms, and foodservice providers. Founded in 2004 and headquartered in New York, New York, the company formerly operated as All Market Inc. before adopting its current name in September 2021.
◉ Investment Advice
💡 Buy The Vita Coco Company NASDAQ:COCO
● Buy Range - 30.3 - 31.3
● Sell Target - 43 - 44
● Potential Return - 37% - 40%
● Approx Holding Period - 12-14 months
◉ Market Capitalization - $2.01 B
◉ Technical Analysis
● Weekly Chart
➖ Since its debut in 2021, the stock has undergone a prolonged consolidation phase, during which it developed a Rounding Bottom pattern.
➖ Following the breakout, the stock price surged initially but quickly transitioned into another consolidation phase, forming a Symmetrical Triangle pattern.
➖ Recently, a strong breakout has set the stage for considerable upward momentum.
● Daily Chart
➖ On the daily chart, an Inverted Head & Shoulders pattern is clearly visible.
➖ After a recent breakout, the stock price is now aiming for new highs.
◉ Relative Strength
The stock's performance over the past year has not matched up to the Nasdaq index, achieving a modest return of 22.5%, in contrast to the Nasdaq's impressive 40% return.
◉ Location Wise Revenue Breakdown
Total Revenue in 2023: $494 million
● Americas Segment:
➖ Total Revenue from Americas: Approximately $424 million.
➖ Revenue from the United States: Around $401.97 million, reflecting substantial growth from $352.73 million in the previous year.
● International Segment:
➖ Total Revenue from International: Approximately $70 million, indicating a smaller contribution compared to the Americas.
◉ Revenue and Profit Analysis
● Year-over-Year
➖ For the fiscal year 2023, the company reported a revenue of $493.6 million, marking a 15% increase from the $427.8 million recorded in fiscal year 2022.
➖ The EBITDA for FY23 also saw a remarkable rise, reaching $57.5 million, a significant jump from just $12.3 million in FY22.
➖ Additionally, the EBITDA margin expanded to 11.6%, up from a mere 2.9% during the same timeframe.
● Quarter-over-Quarter
➖ In the most recent quarter ending in September, revenue fell to $133 million, down from $144 million in June 2024. This figure also represents a decline from $138 million in the same quarter last year.
➖ The EBITDA for this latest quarter was $20.8 million, a decrease from $30.2 million in June 2024.
➖ In September, the diluted EPS experienced a modest rise, increasing to $1 (LTM) from $0.94 (LTM) in June 2024.
◉ Valuation
1. P/E Ratio
● Current P/E vs. Peer Average P/E
➖ When examining the P/E ratio, COCO is at 33.9x, which suggests a considerable overvaluation compared to the peer average of 22.4x.
● Current P/E vs. Industry Average P/E
➖ In the context of the Global Beverage industry, COCO's P/E ratio of 33.7x is significantly higher than the industry average of 18.8x, indicating that it is relatively expensive.
2. P/B Ratio
● Current P/B vs. Peer Average P/B
➖ Looking at the P/B ratio, COCO's current value of 8x is lower than the average of its peers, which stands at 10.5x, suggesting a relative undervaluation.
● Current P/B vs. Industry Average P/B
➖ In comparison to the industry average, COCO's P/B ratio of 8x indicates a significant overvaluation, as the industry average is only 5.1x.
3. PEG Ratio
➖ A PEG ratio of 0.6 suggests that the stock is undervalued relative to its expected earnings growth.
◉ Cash Flow Analysis
➖ In fiscal year 2023, operational cash flow experienced remarkable growth, reaching $107 million, a substantial increase from only just $11 million in fiscal year 2022.
◉ Debt Analysis
➖ The company proudly maintains a completely debt-free status, showcasing its strong financial health.
◉ Earnings per Share (EPS) Growth Forecasts
➖ Experts forecast that the earnings per share (EPS) could increase from $1 to $1.09 by December 2025, and further rise to $1.3 by December 2026.
◉ Top Shareholders
➖ Blackrock has significantly increased its investment in this stock, now holding an impressive 5.55% stake, which marks a 7.4% rise since the end of the June quarter.
➖ On the other hand, The Vanguard Group has a stake of approximately 4.31% in the company, representing a 3% rise from the June quarter.
◉ Conclusion
The coconut water market is booming due to health trends, functional beverage demand, innovation, and wider availability. Vita Coco, despite Q3 supply chain woes, is optimistic about the future and is investing in inventory and production capacity. Despite overvaluation, the company's growth potential is significant, driven by the rising demand for organic products.
ARTY/USDT STRONG BULLISH BIAS|LONG|
Hello, Friends!
Bitcoin made a new ATH with a strong bullish breakout so it is expected to keep growing mid-term, which means that it is the right time to buy altcoins again, to make good use of the coming Altcoin rally.
ARTY is a promissing coin that has already made a strong bullish rebound from the horizontal support level below at 0.356 and has already gained more than 35% from the lows which reinforces our bullish bias.
But ARTY has an even greater potential for growth in the near future with the next key structure being 0.808 level above which would give you a more than 50% gain on your capital if you bought the coin right now.
The coin has strong fundamentals on its side as well, as the founders have confirmed it's future presence in Epic Games, XBOX and PlayStation stores , which will certainly boost the demand for this coin.
All in all I think ARTY is a great long trade for both short-term Altcoin rally and a more long-term investment oriented purchases too!
✅LIKE AND COMMENT MY IDEAS✅
Why We Think Ryde Group Ltd. (NYSE: RYDE) is InterestingSingapore's mobility is now en-route for multi decade growth, and this company, Ryde Group Limited (NYSE: RYDE) could be a multi bagger gem.
Here's why:
As Singapore’s population grows, reaching over 6 million in 2024, the demand for smarter, greener, and more efficient mobility solutions has never been greater.
Singapore is on a mission to become a ‘45-minute city’ by 2030, where everyone can reach key destinations within 45 minutes. This ambition drives innovation in public transportation, shared mobility, and electric vehicle adoption.
Enter Ryde Group Limited, a leader in carpooling, private hire, taxi services, and even delivery. As demand for flexible transport options grows, Ryde stands poised to benefit. With Singapore’s focus on sustainable transit, Ryde’s services align perfectly with the city’s vision for reduced emissions and more
With a diverse suite of offerings, Ryde meets the needs of commuters looking to save time, cut costs, and reduce their carbon footprint—all while enhancing convenience in Singapore’s fast-paced environment.”
Listed on the New York Stock Exchange, Ryde is ready to be a game-changer, bringing Singapore’s vision of seamless mobility closer to reality.
#RYDE #NYSE #FINANCE #INVESTMENT #STOCKS
Ryde Group Ltd. (NYSE: RYDE) - Testing Support LevelsSingapore-based mobility and quick commerce solutions provided Ryde Group Ltd. is seeing a test on the key support level of $0.450 over the shorter term period. The RSI indicator however, is showing an indication of the stock being oversold, which gives out a potential buy-at-low opportunity. Based on our understanding, a recent research report by Maxim Group had given a target price of $2.00 to the company, giving the company a significant potential upside ahead.
We kept a BUY rating for Ryde Group for the next 12 months.
"Attractive RR" - BloomZ Inc. (NASDAQ: BLMZ) | 241105Following recent market observations, BLMZ’s selling pressure appears to have eased, with its current price movement indicating a shift toward consolidation. The RSI points to a possible oversold condition, accompanied by decreasing volume, suggesting a potential trend reversal.
In this context, we find BLMZ presents an attractive risk-to-reward profile. With minimal resistance levels until its previous high of $1.55, and a key support level at $0.68, the potential risk-to-reward ratio stands favourably at approximately 3:1.
In summary, BLMZ warrants close monitoring over the next few trading days for potential trading opportunities.
BAYER CROPSCIENCE - Potential 40% upmove Mid Term IdeaThe stock is in strong uptrend.
Moving out of a 4 year old consolidation zone.
Coming out of a 5 week old
consolidation, Daily VCP Breakout.
Ready for Swing Targets
15% 8215, then 9579 - Short To MId Term Targets 3-6 months.
SL 5% 6576 Daily closing Basis.
Goldman Sachs (GS): Ready for a Big Correction?As we projected four months ago, Goldman Sachs ( NYSE:GS ) has reached our anticipated upside range between $516 and $575, touching $540 specifically. We've reinforced our analysis with a trend line dating back to 2016, which has been tested and validated three times. Combining this trend line, the Elliott wave count, and key Fibonacci levels, our outlook now points towards a significant pullback from current levels. Given that we're likely dealing with a larger Elliott wave cycle, we anticipate a substantial correction of around 28%.
While a 28% decline sounds extreme, it's not unprecedented for $GS. The drop from the top of wave 3 to the bottom of wave 4 was 35%, and the decline from wave (1) to (2) was almost 50%. Even smaller corrections within these larger waves illustrate that major pullbacks are essential for long-term growth, especially as institutional investors take profits. With Goldman Sachs having gained 87% year-to-date—a remarkable rise in this sector—a correction is likely as big players start locking in their gains.
We aren't sure yet how this correction will unfold, but we anticipate a sharper, quicker drop compared to the more prolonged wave (2) correction. A potential support level for wave A could be around $420. Meanwhile, wave C and the overarching wave (4) are expected to land between $366 and $264.
We are not setting a limit order at the moment but have alerts in place for both scenarios: whether we call the exact top here or see NYSE:GS push higher before pulling back. Either way, we'll be ready and will update you as the situation evolves.
