FINEORG.NSE News

In this briefing: Korea Small Cap Gem #52: Samchully (To Acquire Sung Gyung Food) Vector Gas Reset Neutral, VCT Outlook Positive—Upgrade to OUTPERFORM Primer: JSW Energy Ltd (JSW IN) - Dec 2025 Lucror Analytics - Morning Views Asia Fine Organic Industries: Muted Volume Growth. Maintain SELL 1. Korea Small Cap Gem #52: Samchully (To Acquire Sung Gyung Food) On 26 December, Samchully (004690 KS) announced that it plans to acquire a 100% stake in Sung Gyung Food for 119.5 billion won in cash. We like this deal for Samchully mainly because it represents purchase of one of the top brands in the seaweed (gim, laver) industry in Korea with solid excellent export potential. In this case of Samchully purchasing Sung Gyung Food, we are Positive on this deal and we expect this deal to have a long-term positive impact on Samchully's share price. 2. Vector Gas Reset Neutral, VCT Outlook Positive—Upgrade to OUTPERFORM The Commerce Commission’s (ComCom) draft gas price reset for Vector (VCT) is a little lower than expected, but there is scope for a better outcome at the final decision in May 2026.

In this briefing: Vector Gas Reset Neutral, VCT Outlook Positive—Upgrade to OUTPERFORM Primer: JSW Energy Ltd (JSW IN) - Dec 2025 Lucror Analytics - Morning Views Asia Fine Organic Industries: Muted Volume Growth. Maintain SELL Primer: Vivant Corp/Philippines (VVT PM) - Dec 2025 1. Vector Gas Reset Neutral, VCT Outlook Positive—Upgrade to OUTPERFORM The Commerce Commission’s (ComCom) draft gas price reset for Vector (VCT) is a little lower than expected, but there is scope for a better outcome at the final decision in May 2026. Share price weakness over the past two months, ostensibly due to rising interest rates, ignores the fact that VCT’s earnings are strongly correlated to interest rates—it is the main reason for strong earnings growth expectations to the end of the decade. We like VCT’s near-term outlook, and while there is uncertainty around the long-term prospects for its gas business, VCT will benefit from gas conversion to electricity, and gas is the smallest part of its business. 2.

In this briefing: Primer: JSW Energy Ltd (JSW IN) - Dec 2025 Lucror Analytics - Morning Views Asia Fine Organic Industries: Muted Volume Growth. Maintain SELL Primer: Vivant Corp/Philippines (VVT PM) - Dec 2025 Primer: SPC Power Corp (SPC PM) - Dec 2025 1. Primer: JSW Energy Ltd (JSW IN) - Dec 2025 JSW Energy is aggressively expanding its power generation capacity with a target of 30 GW by 2030, focusing heavily on renewable energy sources, which positions it well to capitalize on India's energy transition. The company's financials are stretched due to significant capital expenditures for growth projects, with a high Net Debt to EBITDA ratio, posing a considerable financial risk. While the company's strategic pivot to renewables and ventures into energy storage and green hydrogen are forward-looking, successful and timely execution of its massive project pipeline remains a critical uncertainty. This content is AI-generated and displayed for general informational purposes only. Please verify independently before use. 2.

In this briefing: 2026 High Conviction: Three Themes, Three Top Picks Thematic Report on India’s Aerospace Manufacturing: From Chaos to Competitiveness 2026 High Conviction - KEI Industries: Growth at a Premium - And Why It Can Sustain Siemens: Bottoming Out, Capex Recovery. Maintain BUY Fine Organic Industries: Muted Volume Growth. Maintain SELL 1. 2026 High Conviction: Three Themes, Three Top Picks Three 2026 themes: (i) Continued AI spending boom, moats and monopolies to thrive, (ii) Recently commenced commodity super-cycle, especially in copper, (iii) Continued defense spending boom amid accelerating geopolitical tensions. These themes are well-discussed over the past year, but recent concerns about their longevity (especially AI spending) have derated the beneficiary stocks. We think it's time to re-focus on them. Our top picks: TSMC (the monopoly AI enabler), Zijin Mining (the gold and copper giant, benefitting from two super cycles) and Hanwha Aerospace (the biggest beneficiary of defense spending boom). 2.

In this briefing: Thematic Report on India’s Aerospace Manufacturing: From Chaos to Competitiveness 2026 High Conviction - KEI Industries: Growth at a Premium - And Why It Can Sustain Siemens: Bottoming Out, Capex Recovery. Maintain BUY Fine Organic Industries: Muted Volume Growth. Maintain SELL Pick of the Week: Maruti Suzuki India Ltd - 13th December, 2025 1. Thematic Report on India’s Aerospace Manufacturing: From Chaos to Competitiveness The global aerospace supply chain is undergoing a structural de-risking from a “just-in-time” model, moving towards diversified “just-in-case” sourcing, catalyzed by post-COVID capacity exits. This shift is creating a multi-decade, geopolitical trust arbitrage opportunity , positioning Indian Tier-2/3 precision component manufacturers as critical partners for global OEMs and Tier-1s. The combination of a massive global order backlog, India’s certified capabilities , and supportive policy creates a multi-year compounding runway for select, high-execution Indian players. 2. 2026 High Conviction - KEI Industries: Growth at a Premium - And Why It Can Sustain KEI Industries (KEII IN) is a vertically-integrated wires and cables manufacturer with a diversified portfolio spanning low, medium and extra-high-voltage cables, house wires, stainless steel wires and turnkey EPC solutions.

In this briefing: 2026 High Conviction - KEI Industries: Growth at a Premium - And Why It Can Sustain Siemens: Bottoming Out, Capex Recovery. Maintain BUY Fine Organic Industries: Muted Volume Growth. Maintain SELL Pick of the Week: Maruti Suzuki India Ltd - 13th December, 2025 Primer: Latent View Analytics Ltd (LATENTVI IN) - Dec 2025 1. 2026 High Conviction - KEI Industries: Growth at a Premium - And Why It Can Sustain KEI Industries (KEII IN) is a vertically-integrated wires and cables manufacturer with a diversified portfolio spanning low, medium and extra-high-voltage cables, house wires, stainless steel wires and turnkey EPC solutions. It operates in three segments- Cable and wire (C&W), stainless steel wire and Engineering, Procurement and Construction (EPC) segment, selling products both domestically as well as in global markets. It sports a market capitalization of US$4.3bn and ADTV of ~US$11.4m. In this note, we will talk about the company’s past performance and future prospects. 2.

In this briefing: Fine Organic Industries: Muted Volume Growth. Maintain SELL Pick of the Week: Maruti Suzuki India Ltd - 13th December, 2025 Primer: Latent View Analytics Ltd (LATENTVI IN) - Dec 2025 Exencial Industry Tidings 15/12/2025 Wakefit Innovations IPO Trading: Overall Sub Rate Was Weak 1. Fine Organic Industries: Muted Volume Growth. Maintain SELL We maintain SELL recommendation on Fine Organics with a TP of INR 3,600 The company is likely to incur a capex of INR 7.5bn for SEZ expansion, which would be spread over FY25-28 It will shift the export operations to the SEZ plant once it becomes operational Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below. 2. Pick of the Week: Maruti Suzuki India Ltd - 13th December, 2025 Management reiterated its long-term strategic focus on achieving a 50% domestic market share, underscoring that customer-centricity remains the cornerstone of sustained success.