GATEWAY.NSE News

In this briefing: Restore plc - Firing on all cylinders Senior Plc: Private Equity Bidding Interest Meets LBO Valuation Ceiling InterGlobe Aviation- Turbulence Beyond Operations Primer: Gateway Distriparks (GDPL IN) - Mar 2026 IJM (IJM MK): 26th March Sunway Vote. Independent Advice Still Pending 1. Restore plc - Firing on all cylinders FY25 was a year of significant strategic progress for Restore. M&A activity stepped up a gear with the acquisition of Synertec and the disposal of Harrow Green; the integration of Records Management and Digital is now complete; and all three divisions reported strong profit growth. As a result, Restore has hit its 20% medium-term operating margin target ahead of schedule, whilst strong cash generation will underpin a newly announced £20m share buyback programme. 2. Senior Plc: Private Equity Bidding Interest Meets LBO Valuation Ceiling Senior is in a formal takeover process following several rejected bids. PUSU deadlines on 27 and 31 March create clear near-term catalysts that could determine whether a firm offer emerges.

In this briefing: Primer: Samsung Securities (016360 KS) - Mar 2026 Primer: Century Aluminum Company (CENX US) - Mar 2026 Primer: Daiki Aluminium Industry Co (5702 JP) - Mar 2026 Primer: adidas (ADDYY US) - Mar 2026 Primer: Gateway Distriparks (GDPL IN) - Mar 2026 1. Primer: Samsung Securities (016360 KS) - Mar 2026 Strong Franchise with Diversified Revenue Streams: Samsung Securities holds a leading position in the South Korean market, benefiting from the powerful Samsung brand, a diverse client base, and a comprehensive service portfolio spanning wealth management, brokerage, and investment banking. This diversification provides resilience against market volatility. Strategic Focus on Growth and Digitalization: Management is pursuing a balanced growth strategy focused on its retail and investment banking divisions, while actively investing in digital transformation. Initiatives include enhancing its client management system with AI and data analytics to improve efficiency and client services.

In this briefing: Primer: Daiki Aluminium Industry Co (5702 JP) - Mar 2026 Primer: adidas (ADDYY US) - Mar 2026 Primer: Gateway Distriparks (GDPL IN) - Mar 2026 Jacobio Pharma (1167 HK): Licensing Agreement, Glesirasib Approval Provide Impetus for Future Tilray’s $33M BrewDog Acquisition Could Unlock A $500M Beverage Empire! 1. Primer: Daiki Aluminium Industry Co (5702 JP) - Mar 2026 Daiki Aluminium is a global leader in the secondary aluminum industry, benefiting from the long-term secular trend towards recycling and sustainability. Its integrated business model, spanning scrap collection to the production of value-added alloys, provides a competitive advantage. The company is facing significant near-term headwinds, evidenced by a sharp decline in profitability and cash flow over the past three years. This is primarily driven by margin compression and volatile raw material prices. Despite poor recent financial performance, the company maintains a strong dividend yield and the stock has shown positive market momentum.

In this briefing: Senior Plc: Private Equity Bidding Interest Meets LBO Valuation Ceiling InterGlobe Aviation- Turbulence Beyond Operations Primer: Gateway Distriparks (GDPL IN) - Mar 2026 IJM (IJM MK): 26th March Sunway Vote. Independent Advice Still Pending EMCOR Group: AI Data Center Construction Is Exploding—Can EMCOR Capture The Opportunity? 1. Senior Plc: Private Equity Bidding Interest Meets LBO Valuation Ceiling Senior is in a formal takeover process following several rejected bids. PUSU deadlines on 27 and 31 March create clear near-term catalysts that could determine whether a firm offer emerges. Our LBO analysis suggests a financial sponsor could justify paying approximately 320–330p per share, implying modest upside from current levels but returns below typical private-equity hurdles without additional operational improvements. With shares near 299p, the market already prices meaningful bid escalation, leaving limited arbitrage upside unless a competitive process pushes bids toward the upper end. 2.

In this briefing: Primer: adidas (ADDYY US) - Mar 2026 Primer: Gateway Distriparks (GDPL IN) - Mar 2026 Jacobio Pharma (1167 HK): Licensing Agreement, Glesirasib Approval Provide Impetus for Future Tilray’s $33M BrewDog Acquisition Could Unlock A $500M Beverage Empire! Stellantis: The HEMI V-8 Revival—A High-Margin Production Surge Taking Shape In North America! 1. Primer: adidas (ADDYY US) - Mar 2026 Adidas is in a turnaround phase under CEO Bjørn Gulden, who took over in January 2023, with a focus on product innovation, strengthening wholesale partnerships, and improving profitability after a challenging period. The company possesses a strong global brand with a rich heritage, particularly in soccer and lifestyle categories, which provides a solid foundation for future growth. However, it operates in a highly competitive market dominated by Nike. Financial performance is recovering, with revenue and margins improving since 2023. The forward outlook is cautiously optimistic, targeting high single-digit sales growth, though currency effects and tariffs pose potential headwinds.

In this briefing: SaaSpocalypse Now. Are We Done Already? Sharp Surge in Memory Chip Prices: 2 Smallcap Indian Benficiaries Aequitas: Raajmarg InvIT IPO - Stable Assets in a Small Portfolio, but Limited Immediate Appeal InterGlobe Aviation- Turbulence Beyond Operations Primer: Gateway Distriparks (GDPL IN) - Mar 2026 1. SaaSpocalypse Now. Are We Done Already? From its all time high of ~$118 back in September 2025, IGV, the iShares Expanded Tech-Software Sector ETF, is currently down ~26% Despite the Saaspocalypse, SaaS earnings and outlook have rarely looked better. The issue isn't that AI can replace SaaS, it's the risk that SaaS per seat pricing models will fall apart in an agent-centric world. 2. Sharp Surge in Memory Chip Prices: 2 Smallcap Indian Benficiaries AI-Driven demand for High Bandwidth Memory (HBM) has triggered a global DRAM supercycle, with prices rising over 170% year-on-year by late 2025. Indian listed distributors Rashi Peripherals (RPTECH IN) and GNG Electronics- one riding pre-buy inventory demand, the other benefiting from structural cost tailwinds in refurbishment.

In this briefing: Sharp Surge in Memory Chip Prices: 2 Smallcap Indian Benficiaries Aequitas: Raajmarg InvIT IPO - Stable Assets in a Small Portfolio, but Limited Immediate Appeal Suzhou Genhouse Bio (勤浩医药) Pre-IPO: Moderate Innovation, Capped by Combination Economics Primer: Gateway Distriparks (GDPL IN) - Mar 2026 Aequitas: Ringpai Vet Hospital Pre-IPO- The Negatives- Supplier Concentration in a Fragmented Market 1. Sharp Surge in Memory Chip Prices: 2 Smallcap Indian Benficiaries AI-Driven demand for High Bandwidth Memory (HBM) has triggered a global DRAM supercycle, with prices rising over 170% year-on-year by late 2025. Indian listed distributors Rashi Peripherals (RPTECH IN) and GNG Electronics- one riding pre-buy inventory demand, the other benefiting from structural cost tailwinds in refurbishment. Government is also pushing chip manufacturing in India by introducing India Semiconductor Mission (ISM), backed by INR 1.8 lakh crore as incentives. 2. Aequitas: Raajmarg InvIT IPO - Stable Assets in a Small Portfolio, but Limited Immediate Appeal Raajmarg Infra Investment Trust (RIIT IN) is planning to raise about US$652m through its India IPO.

In this briefing: Aequitas: Raajmarg InvIT IPO - Stable Assets in a Small Portfolio, but Limited Immediate Appeal InterGlobe Aviation- Turbulence Beyond Operations Primer: Gateway Distriparks (GDPL IN) - Mar 2026 Aequitas: Urban Company IPO Lockup - US$1bn Release for >57% of the Stock The Beat Ideas- Nippon Life India Asset Management Ltd 1. Aequitas: Raajmarg InvIT IPO - Stable Assets in a Small Portfolio, but Limited Immediate Appeal Raajmarg Infra Investment Trust (RIIT IN) is planning to raise about US$652m through its India IPO. RIIT owns and manages a portfolio of five highway assets in India spread across six cities, like Tamil Nadu, Karnataka, Jharkhand, and Andhra Pradesh, as per the CARE Industry Report. In this note, we talk about the company’s historical performance, peer comparison and IPO valuations. 2. InterGlobe Aviation- Turbulence Beyond Operations InterGlobe Aviation Ltd (INDIGO IN) has become India’s largest low-cost airline and world’s 7th largest aircraft carrier in its short history.

In this briefing: Aequitas: Raajmarg InvIT IPO - Stable Assets in a Small Portfolio, but Limited Immediate Appeal Suzhou Genhouse Bio (勤浩医药) Pre-IPO: Moderate Innovation, Capped by Combination Economics Primer: Gateway Distriparks (GDPL IN) - Mar 2026 Aequitas: Ringpai Vet Hospital Pre-IPO- The Negatives- Supplier Concentration in a Fragmented Market Oil futures: Crude higher despite IEA strategic stocks release plan 1. Aequitas: Raajmarg InvIT IPO - Stable Assets in a Small Portfolio, but Limited Immediate Appeal Raajmarg Infra Investment Trust (RIIT IN) is planning to raise about US$652m through its India IPO. RIIT owns and manages a portfolio of five highway assets in India spread across six cities, like Tamil Nadu, Karnataka, Jharkhand, and Andhra Pradesh, as per the CARE Industry Report. In this note, we talk about the company’s historical performance, peer comparison and IPO valuations. 2. Suzhou Genhouse Bio (勤浩医药) Pre-IPO: Moderate Innovation, Capped by Combination Economics Suzhou Genhouse Bio, a China-based biotech, is looking to raise at least USD100m via a Hong Kong listing.