La chaîne d'options affiche les données clés des options sur actions de Polestar Automotive à différents prix d'exercice et dates d'expiration. Les traders utilisent ces informations pour analyser les transactions potentielles et évaluer le sentiment du marché pour Polestar Automotive..

Polestar Automotive (NASDAQ:PSNY) Stock, Chaîne d'Options

Polestar Automotive

Polestar Automotive Holding UK PLC operates as an electric vehicle manufacturer. It engages in designing products that are engineered to excite consumers and drive change. Polestar defines market-leading standards in design, technology, and sustainability. Polestar was established as a premium electric car brand by Volvo Cars and Geely Holdings. Polestar has produced two electric performance cars namely Polestar 1 and Polestar 2. Geographically, it derives a majority of revenue from USA.

Polestar Automotive Holding UK Limited - Class A ADS

Polestar Automotive Holding UK PLC

Polestar Automotive Holding UK Limited - Class C-1 ADS (ADW)

Biotech

General

SILO

Silo Pharma Announces Results From Preclinical Study On SPC-15, Highlighting Proposed Efficacy Of Combining SPC-15 With An NMDAR Antagonist

News

ISPR

IKE Tech And Ispire Technology Announces In Person Pre-PMTA Submission After FDA's Center For Tobacco Products Meeting For Age Verification Technology

Barclays analyst Ramsey El-Assal maintains Affirm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) with a Overweight and raises the price target from $54 to $64.

Price Target

Analyst Ratings

AFRM

Barclays Maintains Overweight on Affirm Holdings, Raises Price Target to $64

<h3 class="wp-block-heading">An Icarus Stock</h3>
After hitting a split-adjusted high price this year of $122.90,&nbsp;Super Micro Computer, inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) made a new 52-week low on Friday. This happened in the aftermath of its auditor, Ernst &amp; Young, resigning. Nevertheless, there are at least two major catalysts pending for the company:
<ol>
<li>Whether it will get delisted by Nasdaq or not. Super Micro Computer could be delisted as soon as Monday if it doesn't file a plan to get back in compliance with Nasdaq regulations.</li>
<li>Nvidia, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;conference call next Wednesday. On November 4th, DigiTimes Asia reported that Nvidia was routing some of its chip orders away from Super Micro Computer. Analysts are likely to ask Nvidia to quantify this on Wednesday.</li>
</ol>
Given those catalysts, SMCI is likely to move strongly in either direction by the end of next week. Update: Looks like the 1st catalyst hit after hours on Friday: 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">JUST IN: Super Micro Computer plans to submit a resolution plan by Monday to avoid Nasdaq delisting.<a href="https://twitter.com/search?q=%24SMCI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SMCI</a> &#x1f4c8; +19% in after hours <a href="https://t.co/y7M2pPQvm5">pic.twitter.com/y7M2pPQvm5</a>
&mdash; TrendSpider (@TrendSpider) <a href="https://twitter.com/TrendSpider/status/1857563907466080411?ref_src=twsrc%5Etfw">November 15, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
I asked my friend David Janello, PhD, CFA to structure a couple of trades for us that can enable us to profit whether SMCI spikes or tanks next week.
Dr. Janello is the founder of&nbsp;<a href="https://spreadhunter.com/">SpreadHunter</a>. He is also the author of&nbsp;The Nuclear Option: Trading To Win With Options Momentum Strategies.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://a.co/d/8wtwXZI"><img loading="lazy" decoding="async" width="582" height="858" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/15202339/Book.jpg" alt="" class="wp-image-3362" style="width:auto;height:450px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/15202339/Book.jpg 582w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/15202339/Book-203x300.jpg 203w" sizes="(max-width: 582px) 100vw, 582px" /></a></figure>
Below is his guest post with the trade, and an elaboration of how you can structure similar trades yourself.
Authored by David Janello at&nbsp;<a href="https://nuclearoptiontrading.substack.com/">Nuclear Options Trading</a>
<h3 class="wp-block-heading">Managing Explosive Situations</h3>
<h4 class="wp-block-heading">A Step By Step Guide</h4>
Let&#8217;s break things down into steps to illustrate how to manage an explosive trade.
<h4 class="wp-block-heading">Step One : Look at the Straddle Price</h4>
The At-The-Money Straddle Price provides a lot of information to traders before a big event. Although it does not indicate which direction the stock will move after the special event (earnings, over time the Straddle Price is downright clairvoyant at predicting the magnitude of the stock move post-event. This is because the really smart money — like corporate insiders — usually have better forecasting powers than everyone else, even if they don&#8217;t have access to insider information. A good example is the behavior of&nbsp;Trump Media &amp; Technology Group Corp.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/djt#NASDAQ">DJT</a>) stock before the 2024 election. Two weeks before the election DJT was trading for 34.50 and the ATM Straddle Price was 18.00 (9.00 put / 9.00 call). This implies a max price of 34.50 + 18.00 or 52.50. As Trump&#8217;s election chances shifted DJT hit a max price of 51.51 on October 29. That was within 1.00 of the price predicted by the Straddle.
What does the Straddle Price suggest for SMCI? When I put the trade Friday morning, SMCI was trading for 17.50 and the SMCI Nov 22 Straddle was trading for about 5.00. This suggests a move of +/-5.00 in either direction.
<h4 class="wp-block-heading">Step #2 : Evaluate the Alternatives</h4>
The most direct bullish options trade is to buy the 17.50 strike call for 2.50. If the stock rallies +5.00, the 17.50 call will be worth 5.00- at expiration, for a 100% gain. However, if the stock collapses, the call loses 100% of its value.
<h4 class="wp-block-heading">Can we do better with Call Vertical Spreads?</h4>
At the same time the Call Option was trading at 2.50, the 19.50-20.50 Call Vertical was trading for 0.32. That was with a max payout of 1.00 at expiration. With SMCI at 22.50, the vertical offers a much bigger payout on a percentage basis than the straight call. Unfortunately, the Call Vertical loses 100% of its value if the stock collapses, just like the Call Option.
We can hedge the downside risk by purchasing a Put Vertical along with the Call Vertical. In this case, the 14-15 Strike Put Vertical was trading for 0.33. The total debit for both spreads is 0.64. The max payout is 1.00 if the stock moves below 14 or above 20.50 at expiration. This combination of Long Call Vertical + Long Put Vertical offers max profit of 56%. It only loses 100% if the stock remains unchanged, which in this case appears to be unlikely.
The combination of two long verticals creates a spread also known as an Iron Condor or Iron Butterfly. At SpreadHunter we prefer to view this spread as two separate verticals. This simplifies things and offers more flexibility entering and exiting the position.
<h4 class="wp-block-heading">Step #3: Execute The Trade</h4>
The stock is&nbsp;Super Micro Computer&nbsp;(<a href="https://substack.com/discover/stocks/SMCI" rel="noreferrer noopener" target="_blank">SMCI&nbsp;-0.17%↓</a>), and there are two parts to this trade:
<ol>
<li>Open a put spread expiring on November 22nd, buying the $15 strike puts and selling the $14 strike puts for a net debit of $0.33.</li>
<li>Open a call spread expiring on November 22nd, buying the $19.50 strike calls and selling the $20.50 strike calls for a net debit of $0.31.</li>
</ol>
The max profit is 56%, and that occurs with the stock above $20.50 or below $14 next Friday. The max loss is $100%, and that would occur if the stock doesn't move at all between now and next Friday.
<h4 class="wp-block-heading">Step #4: Manage the Position</h4>
<figure class="wp-block-image aligncenter size-full is-resized"><img loading="lazy" decoding="async" width="548" height="736" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/15202516/SpreadHunter-Screenshot.png" alt="" class="wp-image-3363" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/15202516/SpreadHunter-Screenshot.png 548w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/15202516/SpreadHunter-Screenshot-223x300.png 223w" sizes="(max-width: 548px) 100vw, 548px" /></figure>
<h4 class="wp-block-heading">Step #4: Manage the Position</h4>
We'll be illustrating this in a follow up post!
<h3 class="wp-block-heading">Maybe This Isn't For You</h3>
Maybe you would rather stay safe. That's fine; you can download the Portfolio Armor iPhone&nbsp;hedging app by clicking on the QR code below or aiming your iPhone camera at it.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="200" height="197" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/15202558/QR-Code-4.jpg" alt="" class="wp-image-3364" /></figure>
If you&#8217;d like to stay in touch
You can subscribe to Dr. Janello&#8217;s Substack&nbsp;<a href="https://nuclearoptiontrading.substack.com/">here</a>.&nbsp;
You can scan for optimal hedges for individual securities, find our current top ten names, and&nbsp;create hedged portfolios&nbsp;on&nbsp;<a href="https://portfolioarmor.com/">our website</a>.&nbsp;Also, you can follow Portfolio Armor on X&nbsp;<a href="https://twitter.com/portfolioarmor">here</a>, or become a free subscriber to our trading Substack using the link below (we&#8217;re using that for our occasional emails now).
<figure class="wp-block-image aligncenter size-full"><a href="https://portfolioarmor.substack.com/"><img loading="lazy" decoding="async" width="602" height="418" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/15202707/Widget-3.jpg" alt="" class="wp-image-3365" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/15202707/Widget-3.jpg 602w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/15202707/Widget-3-300x208.jpg 300w" sizes="(max-width: 602px) 100vw, 602px" /></a></figure>

Markets

Trading Ideas

NVDA

SMCI

Trading Binary Outcomes On An Explosive Stock

BTIG analyst Julian Harrison initiates coverage on VYNE Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VYNE#NASDAQ">VYNE</a>) with a Buy rating and announces Price Target of $8.

Initiation

VYNE

BTIG Initiates Coverage On VYNE Therapeutics with Buy Rating, Announces Price Target of $8

ALLO

Allogene Therapeutics Highlights Presentation Of ALLO-329 Preclinical Data At American College of Rheumatology Convergence 2024

Management

SAVA

Cassava Sciences Appoints Freda Nassif As COO

– Additional funding received from the Bill &amp; Melinda Gates Foundation to further accelerate initiative –

Financing

SDGR

Schrödinger Wins Additional $9.5M From Bill & Melinda Gates Foundation

Earnings

VCNX

Vaccinex Q3 EPS $(2.83) vs $(15.25) YoY, Revenue $52K vs $20K YoY; Cash, Cash Equivalents And Marketable Securities As Of Sept. 30 Were $2.9M

Contracts

AMPG

AmpliTech Group's AmpliTech Division Wins ~$1M Initial Purchase Order Under 5-Year Basic Order Agreement With Fortune 1000 U.S. Company

On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>,&#8221; Jim Cramer said he has been behind Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) for a long time. He added, &#8220;This stock has now had a major move at last, and it's not done.&#8221;
On Nov. 7, Block reported worse-than-expected third-quarter revenue results.
Cramer said although Northern Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) is &#8220;very good,&#8221; but BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) is better than it.
On Oct. 23, Northern Trust reported better-than-expected third-quarter financial results.
Dow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>) is &#8220;very hard to own here,&#8221; Cramer said. &#8220;Dow has to do an upside surprise.&#8221;
On Nov. 8, Piper Sandler analyst Charles Neivert maintained Dow with an Overweight and lowered the price target from $62 to $60.
Super Group Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGHC#NYSE">SGHC</a>) finally &#8220;broke out,&#8221; the Mad Money host said.
On Nov. 6, Super Group posted third-quarter revenue of €402.9 million and profit of €8.5 million.
Cramer said Sprouts Farmers Market, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFM#NASDAQ">SFM</a>) is a &#8220;quality operator.&#8221;
On Oct. 30, Sprouts Farmers Market reported better-than-expected third-quarter financial results and issued fourth-quarter adjusted EPS guidance above estimates.
Price Action:
<ul>
<li>Block shares rose 1.1% to settle at $84.30 on Friday.</li>
<li>Northern Trust shares gained 1.6% to close at $107.60.</li>
<li>Dow shares fell 1.2% to settle at $44.04 during the session.</li>
<li>Super Group shares gained 1% to close at $5.32 on Friday.</li>
<li>Sprouts Farmers Market shares gained 0.1% to settle at $142.00 during the session.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/11/42024062/how-to-earn-500-a-month-from-apple-stock">How To Earn $500 A Month From Apple Stock</a></li>
</ul>
Image: Shutterstock

Long Ideas

Media

NTRS

SGHC

Jim Cramer: Super Group Finally 'Broke Out,' This Basic Materials Stock Is 'Very Hard To Own Here'

Guidance

Treasure Global Expects Next Quarter Continue To Reflect Transitional Phase Of Operations; Management Dedicated To Executing Strategic Realignment With Emphasis On Long-Term Profitability And Sustainability; Actively Exploring Other Initiatives To Drive Growth And Diversification

By <a href="https://roboforex.com/beginners/analytics/forex-forecast/?utm_source=benzinga.com&amp;utm_medium=pr&amp;utm_campaign=rf_en_external_article_18112024&amp;utm_content=analysis&amp;utm_term=forecast" style="color:#0563c1; text-decoration:underline">RoboForex Analytical Department</a>
AUD/USD is showing signs of stabilisation near 0.6465, marking its second consecutive session of attempts to recover.
The Australian dollar finds some support from the hawkish comments made by Reserve Bank of Australia (RBA) Governor Michele Bullock. Bullock stated that interest rates are restrictive and will remain so until the RBA is fully assured of the inflation outlook.
Investors are keenly awaiting the publication of the minutes from the last RBA meeting, which is expected this week. The minutes will provide deeper insights into the RBA&rsquo;s future policy actions.
Additionally, upcoming releases on November&rsquo;s industrial and services sector data could further influence the Australian dollar&rsquo;s trajectory.
Despite these supportive factors, AUD/USD remains near three-month lows, pressured by a strengthening US dollar. The US dollar has benefited from expectations that the Federal Reserve might opt for a more minor rate cut amid robust economic forecasts under President Donald Trump&rsquo;s administration.
<h3>Technical&nbsp;Analysis Of AUD/USD</h3>
<a href="https://www.benzinga.com/files/u117641/audusdh4_26.png"><img alt="" src="https://www.benzinga.com/files/u117641/audusdh4_26.png" style="height:280px; width:624px" /></a>
On the H4 chart of AUD/USD, the market has formed a broad consolidation range around the 0.6565 level. Currently, the market has broken through the lower boundary of this range. Today, a narrower consolidation range has developed around the 0.6464 level. It is relevant to consider the probability of a downward breakout from this range, which could lead to a further downward movement towards the 0.6333 level, with the potential for the trend to continue to 0.6233, the local target. Technically, this scenario is supported by the MACD indicator, as its signal line is below zero and pointing downwards.
<a href="https://www.benzinga.com/files/u117641/audusdh1_24.png"><img alt="" src="https://www.benzinga.com/files/u117641/audusdh1_24.png" style="height:280px; width:624px" /></a>
On the H1 AUD/USD chart, the market continues to form a narrow consolidation range around 0.6464. In case of a downside breakout, we anticipate the second half of the downward wave continuing, targeting 0.6333. Conversely, a corrective move towards 0.6500 is possible if the market breaks upwards. The downward trend is expected to extend towards 0.6233 in the longer term. Technically, this scenario is supported by the Stochastic oscillator, with its signal line positioned below the 80 mark and pointing down towards 20.
Disclaimer
Any forecasts contained herein are based on the author&#39;s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

AUD/USD Stabilises Amid RBA's Hawkish Outlook

ZONE

CleanCore Solutions Launches A Pilot Program With A Hotel Chain In One Of Its US Locations

Treasure Global Q1 EPS $(0.35) Up From $7.83) YoY; Revenue $207.371K Down From $13.46M YoY

<h4>Key Takeaways:</h4>
<ul>
<li>Mao Geping&rsquo;s Hong Kong IPO has been cleared by the China Securities Regulatory Commission, but must still be approved by the Hong Kong Stock Exchange</li>
<li>The leading cosmetics maker&rsquo;s profit and revenue both rose about 40% in the first half of this year, as the company reportedly plans to raise up to $300 million in its listing</li>
</ul>
By Edith Terry
In the Sichuan variant of classical Chinese opera, the art of&nbsp;bianlian,&nbsp;or &ldquo;face changing,&rdquo; is a stunning trick that sees an actor&rsquo;s painted mask seemly change with just a twist of the head. Now, one of China&rsquo;s best-known makeup artists, Mao Geping, himself a former star of the craft, is moving closer to changing the face of his company,&nbsp;Mao Geping Cosmetics Co. Ltd&nbsp;with a transformative IPO that Chinese media say could raise as much as $300 million.
Leading Chinese investment bank CICC is the deal&rsquo;s sole sponsor, suggesting it will be targeted mostly at Chinese and regional Asian investors who may be familiar with Mao&rsquo;s work, both as a makeup artist and cosmetics entrepreneur.
Mao Geping cleared the latest hurdle in its long march to market on Nov. 7, when the China Securities and Regulatory Commission (CSRC), the Mainland&rsquo;s securities regulator,&nbsp;<a href="http://www.csrc.gov.cn/csrc/c105984/c7517451/content.shtml">officially registered</a>&nbsp;the listing on its website. The Mainland regulator must clear all such overseas listings by Chinese companies, and in this case the company must also still pass its Hong Kong listing hearing.
The Hong Kong listing is a sort of &ldquo;Act 2&rdquo; for Mao Geping, which tried but failed twice to list on China&rsquo;s domestic A-share market in Shanghai in 2016 and 2021. The company later shifted its sights to Hong Kong with its filing of an IPO application in April, which it updated with a&nbsp;<a href="https://www1.hkexnews.hk/app/sehk/2024/106846/documents/sehk24100901098.pdf">new filing</a>&nbsp;on Oct. 9.
Despite China&rsquo;s &ldquo;consumption downgrade,&rdquo; which is disproportionately hitting discretionary products like cosmetics, Mao Geping seems to have a good story to tell in its latest filing that includes financial information for the first half of this year.
Its revenues for the six-month period increased 41% to 1.97 billion yuan ($272 million) from 1.4 billion yuan in the year-ago period. Its profit rose by an identical amount to 492.5 million yuan from 349.3 million yuan over the same period, boosted by fat gross profit margins of about 85% and net margins of about 24%.
As the only domestic name among China&rsquo;s top 10 premium beauty brands, with 1.8% of the market, and the second-leading color cosmetics company among the top five domestic brands, with 6% of the market, Mao Geping is sitting pretty. The company operates in a Chinese beauty market that was worth 579.8 billion yuan in 2023, according to third-party market data in the latest listing document.
The premium segment, where Mao Geping sits, has been growing faster than the mass market, worth an estimated 194.2 billion yuan in 2023. In terms of product type, China&rsquo;s color cosmetics market was worth 116.8 billion yuan in 2023, while skincare products was far larger at 463 billion. Within Mao Geping&rsquo;s own product portfolio, color cosmetics accounted for nearly three-quarters of its total revenue in the first half of this year, while most of the rest came from skincare products.
<h3>Domestic Shift</h3>
China&rsquo;s cosmetics industry has been shifting toward domestic brands in recent years, driven both by nationalistic sentiment and growing demand for lower-priced products, which is playing to famous local names like Mao Geping. That trend could continue, boding well for the company, as Chinese consumers grow increasingly cautious with the nation&rsquo;s slowing economy.
As we noted earlier, Mao Geping himself is a master at the art of face changing in the real world. After a long career in the opera business, he has transformed himself at age 60 into an industry icon. His more recent achievements include overseeing the makeup for Chinese athletes at the Paris Olympics as their official beauty service provider, and serving as the makeup artist for Jacque Rogge, president of the Olympic Committee at the Beijing Olympics in 2008.
His earlier career dates back to the 1980s after he graduated from the Zhejiang Vocational Academy of Art in 1983 and worked as an opera performer with the Zhejiang Yue Opera Troupe, as well as an occasional film actor, until 1998. When he set up the predecessor to what would eventually become his namesake company, he also established an Institute of Makeup Artistry, run by his wife, Wang Liqun, an actress in Mao&rsquo;s troupe.
His company&rsquo;s biggest asset is arguably Mao himself, including his name, personality and product design expertise that are key factors behind the company&rsquo;s success. That could become a potential risk factor later if he and his company later become involved in any disputes, or if Mao&rsquo;s reputation suffers any future damage.
The company&rsquo;s fast growth appears to be putting some strain on its finances. Its cash fell from 1.14 billion yuan at the end of last year to 552.9 million yuan at the end of June, primarily due to the payment of a dividend. Meantime, the company&rsquo;s marketing and promotion expenses have been escalating, nearly doubling from 29.2% of its selling and distribution costs in 2021 to 46.5% in the first six months of 2024.
In addition to relying on Mao himself, his company is also a very family affair. Its board and major shareholders consist largely of his family members. And the company could face challenges as Mao himself moves closer to retirement, which could deprive the company of his personal touch, together with his 6 billion interactions on Weibo and 4.8 billion interactions on Douyin, China&rsquo;s equivalent of TikTok.
While most of its peers do their own product development and spend heavily on R&amp;D to keep up with ever-changing market fads, Mao Geping doesn&rsquo;t report any consolidated expenditures for R&amp;D. That said, some of its subsidiaries appear to be R&amp;D service providers, and the company says it guides &ldquo;overall direction while engaging third-party ODM providers to conduct detailed R&amp;D and product design work,&rdquo; according to the listing document.
In fact, the company appears to be getting set to become more active in its own product development and production, saying it plans to use IPO proceeds to build an R&amp;D center in Hangzhou as well as overseas. It also plans to use some funds to build a 100 million yuan production facility in Hangzhou, its headquarters, to reduce dependence on its ODM and OEM suppliers.
&ldquo;This approach allows us to ensure production flexibility and scalability while we develop our own manufacturing expertise,&rdquo; the company said.
In a maturing and highly competitive market, both Mao Geping and his company may need some luck and good timing to take advantage of recent positive market sentiment for the IPO. Price-to-sales (P/S) ratios for cosmetics providers vary widely, from just 0.61 and 1.91 for domestic peers&nbsp;Yatsen&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ysg#NYSE">YSG</a>) and&nbsp;Shanghai Chicmax&nbsp;(2145.HK), respectively, to as much as 4.23 for global giant&nbsp;L&rsquo;Or&eacute;al&nbsp;(OR.PA).
A P/S of about 2, putting the company at the head of its Chinese class but behind the global giants, would value Mao Geping at about 8 billion yuan, or just over $1 billion. That would be lower than Chicmax&rsquo;s $1.6 billion but ahead of the $400 million for the struggling Yatsen.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Asia

Penny Stocks

Small Cap

Mao Geping's Hong Kong IPO Gets Lift From Regulatory Nod

On Thursday, the Walt Disney Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dis#NYSE">DIS</a>) reported its fiscal fourth quarter results that topped estimates as its entertainment segment shined in its full splendor, mirrored in box office success as well as streaming business&rsquo; growth and profitability.&nbsp;
Bob Iger is getting Disney back in shape.
For the September quarter, Disney reported revenue grew&nbsp;6% to $22.57 billion, topping LSEG&rsquo;s consensus estimate of $22.45 billion. &nbsp;Net income grew to $460 million, or 25 cents per share, from $264 million, with adjusted earnings per share amounting to $1.14, also surpassing LSEG&rsquo;s estimate of $1.10.&nbsp;&nbsp;Operating income grew 23% to $3.66 billion.
Fueled by box office success, the entertainment segment that is home to traditional TV networks, direct-to-consumer streaming and films grew 14% YoY to $10.83 billion. Inside Out 2 surpassed the success of Frozen II, becoming the highest-grossing animated movie of all time. Then, there was yet another success on the box office front with &ldquo;Deadpool &amp; Wolverine&rdquo; surpassing &ldquo;Joker&rdquo; from Warner Bros. Discovery (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wbd#NASDAQ">WBD</a>) and taking the title of&nbsp;highest-grossing R-rated film of all time. Together, these two films added&nbsp;$316 million of profit during the quarter with the entertainment segment reporting and overall profit of $1.1 billion in profit. Executives also revealed that Disney became the first film studio to cross $4 billion globally this year.&nbsp;
Five years since Disney+ launched, it is now profitable. combined streaming business, which includes Disney+, Hulu and ESPN+, reported operating income of $321 million, which is an entirely different story compared to last year&rsquo;s comparable quarter when it reported a loss of $387 million. Like its streaming peers, Warner Bros. Discovery, as well as Netflix (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>), Comcast Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmcsa#NASDAQ">CMCSA</a>) and Paramount Global (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/para#NASDAQ">PARA</a>), Disney+ Core subscribers grew&nbsp;4%, to 122.7 million, with Hulu subscribers alone growing 2% to 52 million.&nbsp;However, average revenue per user for domestic Disney+ customers&nbsp;dropped as more than half of U.S. Disney+ subscribers are choosing the cheaper, ad-supported tier, which on the other hand, bodes well for Disney&rsquo;s advertising growth prospects. Overall, streaming entertainment ad revenue was up 14%/ while sports segment, made up primarily of ESPN, reported flat revenue.&nbsp;
Experiences segment that includes theme parks and consumer products, saw revenue grow 1% to $8.24 billion due to a slowdown, particularly in the U.S. following the post-pandemic surge in visitors and the lull is expected to continue throughout the following quarters. Comcast also reported lower attendance at its Universal theme parks. Due to fewer visitors, Comcast reported NBCUniversal&rsquo;s theme parks revenue dropped by 5.3% to about $2.3 billion. On the other hand, Comcast was fueled by the Summer Olympics that boosted its NBCUniversal revenue, as well as Peacock&rsquo;s subscriber count. Peacock that had the exclusive streaming rights gained 3 million subscribers, paid subscribers grew 29% YoY to 36 million and with revenue growing 82% to $1.5 billion, Comcast narrowed Peacock&rsquo;s losses.
Disney&rsquo;s fiscal 2025 guidance
Compared to the just finished fiscal year, Disney guided for high-single-digit adjusted earnings growth.However, due to higher pricing and the end of a promotional offer, Disney is expecting a &ldquo;modest decline&rdquo; in Disney+ Core subscribers during the fiscal first quarter. However, the bigger picture for the fiscal 2025 is bright with profit in the entertainment streaming business, which excludes ESPN+, is expected to see a YoY increase of roughly $875 million with fiscal 2026 being even brighter with a double-digit percentage rise. Despite the $130 million hit of hurricanes and Cruise Line prelaunch costs of $90 million&nbsp;that will weaken first fiscal quarter results, the experience segment is expected to see its profit grow 6% to 8% in the new fiscal year.&nbsp;
With the upcoming releases of &ldquo;Moana 2&rdquo; and &ldquo;Mufasa: The Lion King,&rdquo; Disney is kicking off the holiday season on a strong note. More importantly, with the streaming segment now being profitable, Disney reaffirmed an important pathway for long-term growth.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

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