In this briefing: Stylam Industries: Promoter Sell-Off: Clearing Family Dispute Cloud. Upgrade to ADD Max Healthcare Institute: Steady Growth Visbility, Margin Hinges on Execution. Pick of the Week: Skipper Limited - 27th December, 2025 Event Driven: Coforge Acquisition ~ The Fall Analysis Gujarat Ambuja Exports ~ Leading The Turnaround Play For The Maize Cycle 1. Stylam Industries: Promoter Sell-Off: Clearing Family Dispute Cloud. Upgrade to ADD Stylam Industries has announced a stake sale by the promoter family to Aica Kogyo Co Ltd., a Japan-based company Mr Manav Gupta and family will offload their complete 27.12% stake, followed by Aica Kogyo launching an open offer to public shareholders Subsequently, Mr Jagdish Gupta and family will contribute up to 12.88% of their stake, enabling Aica Kogyo to achieve 40% shareholding post the initial sale and open offer completion Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only.

In this briefing: BJ’s Wholesale Club: Four Drivers Behind the Story—Real Estate Expansion Columbia Sportswear: Growth Meets Cost Reality—New Products Interparfums: Inside the License Landgrab—How Off-White, Longchamp, & Goutal Could Reshape Growth! Primer: Taseco Air Services (AST VN) - Dec 2025 Gujarat Ambuja Exports ~ Leading The Turnaround Play For The Maize Cycle 1. BJ’s Wholesale Club: Four Drivers Behind the Story—Real Estate Expansion BJ's Wholesale Club Holdings, Inc. delivered mixed results for its third quarter of fiscal 2025. The company reported a merchandise comparable sales growth of 1.8% and an adjusted earnings per share of $1.16. This performance was influenced by external factors, such as last year's port strike and weather disruptions, underscoring a challenging consumer environment. 2. Columbia Sportswear: Growth Meets Cost Reality—New Products Columbia Sportswear Company delivered a mixed financial performance in its latest quarter, reflecting both positive developments and challenges across its global operations.

In this briefing: Columbia Sportswear: Growth Meets Cost Reality—New Products Interparfums: Inside the License Landgrab—How Off-White, Longchamp, & Goutal Could Reshape Growth! Primer: Taseco Air Services (AST VN) - Dec 2025 Gujarat Ambuja Exports ~ Leading The Turnaround Play For The Maize Cycle RPSG Ventures (RPSGV): Steady Performance in the BPO Business Despite Macro Challenges 1. Columbia Sportswear: Growth Meets Cost Reality—New Products Columbia Sportswear Company delivered a mixed financial performance in its latest quarter, reflecting both positive developments and challenges across its global operations. The company reported a modest 1% year-over-year increase in net sales to $943 million, surpassing expectations primarily due to accelerated shipments of fall wholesale orders. The wholesale segment grew by 5%, though this was partially offset by a 5% decline in direct-to-consumer (DTC) sales. 2. Interparfums: Inside the License Landgrab—How Off-White, Longchamp, & Goutal Could Reshape Growth!

In this briefing: Interparfums: Inside the License Landgrab—How Off-White, Longchamp, & Goutal Could Reshape Growth! Primer: Taseco Air Services (AST VN) - Dec 2025 Gujarat Ambuja Exports ~ Leading The Turnaround Play For The Maize Cycle RPSG Ventures (RPSGV): Steady Performance in the BPO Business Despite Macro Challenges Weekly Update (VSNT, NLOP, MEDXF ) 1. Interparfums: Inside the License Landgrab—How Off-White, Longchamp, & Goutal Could Reshape Growth! Interparfums Inc.'s third-quarter earnings report for 2025 reflects several dynamics in the company's operations, emphasizing both opportunities and challenges. The overall sales showed moderate growth, rising by 1% for the third quarter and year-to-date. However, the European and U.S. segments displayed contrasting performances. 2. Primer: Taseco Air Services (AST VN) - Dec 2025 Taseco Air Services (AST) is strategically positioned to capitalize on the robust recovery and projected strong growth of Vietnam's aviation and tourism sectors, which are expected to surpass pre-pandemic levels.

In this briefing: Primer: Avaya Holdings Corp (AVYA US) - Dec 2025 Primer: Dhg Pharmaceutical Jsc (DHG VN) - Dec 2025 Primer: Taseco Air Services (AST VN) - Dec 2025 Primer: Hitachi Ltd (6501 JP) - Dec 2025 Gujarat Ambuja Exports ~ Leading The Turnaround Play For The Maize Cycle 1. Primer: Avaya Holdings Corp (AVYA US) - Dec 2025 Avaya has emerged from its second Chapter 11 bankruptcy (May 2023) as a private entity with a significantly deleveraged balance sheet, having reduced its debt by over 75% to approximately $800 million. The company has implemented a strategic pivot to focus on the high-growth Customer Experience (CX) market, centered around its Avaya Experience Platform (AXP), while aiming to migrate its large on-premises customer base to cloud and hybrid solutions. Despite a cleaner capital structure and a large, embedded customer base, Avaya faces substantial execution risk and intense competition from cloud-native rivals in the Unified Communications (UCaaS) and Contact Center (CCaaS) markets.

In this briefing: Primer: Dhg Pharmaceutical Jsc (DHG VN) - Dec 2025 Primer: Taseco Air Services (AST VN) - Dec 2025 Primer: Hitachi Ltd (6501 JP) - Dec 2025 Gujarat Ambuja Exports ~ Leading The Turnaround Play For The Maize Cycle NVIDIA's Shocking $20 Billion Volte-Face On ASIC For Inference 1. Primer: Dhg Pharmaceutical Jsc (DHG VN) - Dec 2025 DHG Pharmaceutical (DHG) is a leading pharmaceutical manufacturer in Vietnam, demonstrating a strong earnings rebound and robust growth in its core business of self-produced generic drugs. The company offers an attractive and stable dividend yield, supported by a strong cash position and consistent operating cash flow generation, making it appealing for income-focused investors. While DHG's valuation is moderate compared to its historical average and peers, its established market position, extensive distribution network, and strategic partnership with Japan's Taisho Pharmaceutical provide a solid foundation for stable, long-term growth. This content is AI-generated and displayed for general informational purposes only.

In this briefing: Primer: Taseco Air Services (AST VN) - Dec 2025 Primer: Hitachi Ltd (6501 JP) - Dec 2025 Gujarat Ambuja Exports ~ Leading The Turnaround Play For The Maize Cycle NVIDIA's Shocking $20 Billion Volte-Face On ASIC For Inference Centurion Accommodation REIT Initiating Coverage 1. Primer: Taseco Air Services (AST VN) - Dec 2025 Taseco Air Services (AST) is strategically positioned to capitalize on the robust recovery and projected strong growth of Vietnam's aviation and tourism sectors, which are expected to surpass pre-pandemic levels. The company has demonstrated a remarkable financial turnaround, with significant year-over-year growth in revenue and net income, driven by the resurgence in both international and domestic passenger traffic. AST's dominant presence in providing essential non-aviation services at major Vietnamese airports creates a captive market, although this also presents a concentration risk and dependency on airport operator relationships. This content is AI-generated and displayed for general informational purposes only.

In this briefing: Primer: Taseco Air Services (AST VN) - Dec 2025 Gujarat Ambuja Exports ~ Leading The Turnaround Play For The Maize Cycle RPSG Ventures (RPSGV): Steady Performance in the BPO Business Despite Macro Challenges Weekly Update (VSNT, NLOP, MEDXF ) Merger Arb Mondays (29 Dec) - Toyota Ind, Logisnext, Pacific Ind, Jinke, ENN, Changhong Jiahua 1. Primer: Taseco Air Services (AST VN) - Dec 2025 Taseco Air Services (AST) is strategically positioned to capitalize on the robust recovery and projected strong growth of Vietnam's aviation and tourism sectors, which are expected to surpass pre-pandemic levels. The company has demonstrated a remarkable financial turnaround, with significant year-over-year growth in revenue and net income, driven by the resurgence in both international and domestic passenger traffic. AST's dominant presence in providing essential non-aviation services at major Vietnamese airports creates a captive market, although this also presents a concentration risk and dependency on airport operator relationships.

In this briefing: Primer: Hitachi Ltd (6501 JP) - Dec 2025 Gujarat Ambuja Exports ~ Leading The Turnaround Play For The Maize Cycle NVIDIA's Shocking $20 Billion Volte-Face On ASIC For Inference Centurion Accommodation REIT Initiating Coverage KG-D6 Dispute: Reliance-BP Face Massive $30 Billion KG-D6 Underproduction Claim 1. Primer: Hitachi Ltd (6501 JP) - Dec 2025 Hitachi is successfully transforming from a traditional industrial conglomerate into a global leader in digital and green solutions, centered around its core Lumada IoT platform. This strategic shift is driving margin improvement and unlocking new growth vectors. The company is poised to capitalize on the burgeoning AI and data center boom through strategic partnerships, such as its recent tie-up with OpenAI to provide energy-efficient infrastructure. This move aligns with its core competency of integrating IT and Operational Technology (OT). While revenue growth has been modest, Hitachi exhibits a strong financial profile characterized by robust cash flow generation and consistent dividend growth, reflecting a disciplined capital allocation strategy and a focus on higher-margin businesses.