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The Market Online
05-08-2025
- Business
- The Market Online
BUY NOW? Puma, D-Wave, and Almonty Industries with 100% upside potential
Sometimes the stock market is not rational. That is precisely when great opportunities can arise. Almonty (TSX:AII) shares appear to be one such opportunity right now. The tungsten gem has corrected sharply following its NASDAQ listing. While the Company remains in its quiet period, analysts are speaking out and see significant upside potential. The rally could resume soon, as tungsten remains critical for defense and other industries. Staying the course despite sharp corrections has paid off for D-Wave this year. Those who bought additional shares were rewarded. Next week, the quantum stock is likely to see new momentum. No positive momentum is currently expected for Puma. Following the profit warning, the stock is at rock bottom, and analysts are slashing their price targets. Or is this the signal to buy? This article is disseminated in partnership with Apaton Finance GmbH. It is intended to inform investors and should not be taken as a recommendation or financial advice. Almonty: Analysts recommend buying Almonty Industries (TSX:AII) shareholders had certainly imagined a different scenario for the Company's NASDAQ debut. After listing at USD 4.50, the tungsten gem's stock is currently trading at around USD 3.60. The only reason for the sharp correction can be a classic case of 'sell on good news'. After all, the stock, already listed in Canada and Germany, was trading at USD 1.50 at the beginning of the year. Fundamentally, nothing has changed in the past two weeks—quite the contrary. The entry of the US government and Apple into MP Materials highlights just how significant the interest is in critical raw materials from secure countries. In an interview following the NASDAQ IPO, Almonty CEO Lewis Black emphasized that tungsten is actually rarer than rare earths. The importance of this extremely hard material for defense, aerospace, and technology is existential. Research studies published in recent days also show that Almonty is fundamentally poised for a bright future. Analysts at Alliance Global Partners expect Almonty to generate USD 142 million in revenue from tungsten mining and sales as early as next year, with earnings per share of USD 0.22. And that is before the mega mine in South Korea ramps up in 2026. Revenue and earnings are expected to rise sharply in the coming years. Analysts at Augsburg-based GBC Research project revenues of CAD 314 million and earnings per share of CAD 0.74 by 2027. In an interview with Lyndsay Malchuk from Stockhousemedia, GBC analyst Matthias Greiffenberger commented on the apparent undervaluation of Almonty compared to MP Materials to interview. Overall, this correction appears to offer patient investors a significant opportunity to enter or increase their position. D-Wave has impressively demonstrated this year how quickly a stock can recover from a sharp correction without fundamental reasons. In January, the quantum high-flyer's stock lost almost two-thirds of its value, only to nearly triple by March. From mid-March to mid-April, it then halved again to EUR 5.40. The D-Wave share is currently back above EUR 16, close to its all-time high. On August 7, 2025, D-Wave will report on its second-quarter performance. Experts at expect sales of the new Advantage2 system to be reflected in the reporting period. Advantage2 is D-Wave's latest flagship product with technical improvements such as longer coherence time, faster annealing, and better error correction, enabling it to solve more complex optimization, AI, and materials research problems. According to the analysts at Zacks, another highlight in the quarterly report should be an increase in new customers. Puma: Rebound after the crash? Like Almonty, Puma's share price has also corrected sharply in recent days. However, there can be no talk of 'Sell on good news' for the sporting goods group. There are fundamental reasons for this. The Company shocked investors with a massive profit warning. Instead of the previously expected operating profit (EBIT) of between EUR 445 million and EUR 525 million, an operating loss will now likely have to be posted. The development in the second quarter shows where the journey is headed: Puma's revenue fell by around 8% to EUR 1.94 billion. This resulted in a net loss of over EUR 200 million. The fact that inventories rose by over 18% to EUR 2.15 billion is worrying for the coming quarters. If the goods are not sold, discount campaigns and write-downs are likely. The new CEO, Arthur Hoeld, has announced a change in strategy. This will be presented in October and is therefore unlikely to have any effect until next year at the earliest. Analysts currently see little opportunity for Puma. The price targets have been slashed. Deutsche Bank reduced the fair value of Puma shares from EUR 34 to EUR 20. Analysts have withdrawn their 'Buy' recommendation and now rate the stock as 'Hold.' UBS had already rated Puma as 'Sell' before the profit warning. Following the announcement, analysts have reduced their target price again from EUR 19.10 to EUR 16.30. Puma shares are currently trading at EUR 20.30. Buying or adding to Almonty shares should pay off soon. The fundamentals are strong, and the valuation discount to MP Materials is huge. This insight should also prevail on the NASDAQ. D-Wave is the core investment in the quantum sector. The stock is very volatile, but the trend is clearly upward. Puma does not currently present an obvious buying opportunity. A rebound is not in sight, as the operational problems appear to be too serious. Conflict of interest Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as 'Relevant Persons') currently hold or hold shares or other financial instruments of the aforementioned companies and speculate on their price developments. In this respect, they intend to sell or acquire shares or other financial instruments of the companies (hereinafter each referred to as a 'Transaction'). Transactions may thereby influence the respective price of the shares or other financial instruments of the Company. In this respect, there is a concrete conflict of interest in the reporting on the companies. In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships. For this reason, there is also a concrete conflict of interest. The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies. Risk notice Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such. The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user. The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
The Market Online
07-07-2025
- Automotive
- The Market Online
RENK, Globex Mining, BYD: The raw materials gap – A threat to defense and e-mobility, An opportunity for miners
This article is presented in partnership with Apaton Finance GmbH. It is a sponsored communication intended to inform investors and should not be taken as a recommendation or financial advice. Global industry is facing a turning point. While defense giants like RENK are experiencing record demand yet continue to face investor skepticism, and electric vehicle leader BYD grapples with market saturation, raw materials are redefining the competitive landscape. Raw materials such as tungsten, antimony, and rare earths are essential for high-tech industries. Globex Mining (TSX:GMX) is directly benefiting from this shortage of strategic metals – an effect that is permeating supply chains, from tank manufacturing to electric vehicle production. The diverging paths of these three players underscore the importance of supply security in determining success. An analysis of the current status of RENK, Globex Mining, and BYD reveals the strategic levers for future value creation. RENK – Transmissions for Europe's tank offensive As a key supplier of defense vehicles, RENK is benefiting directly from the wave of rearmament. The Augsburg-based company supplies high-performance transmissions for almost all leading Western tank models, from the German Leopard 2 and the GTK Boxer to the US Bradley Fighting Vehicle. Demand has literally exploded. In the vehicle segment alone, RENK recently recorded a 404% increase in orders. With a total order backlog of EUR 5 billion, the Company has long-term planning security. The focus is now on expanding capacity. EUR 500 million is being invested in new production lines and research and development. RENK is undergoing a strategic transformation: ' We are now moving from manufacturing to series production ,' explains CEO Alexander Sagel. The Augsburg plant has already increased its production by 50%, and other locations are being integrated. At the same time, the Company is pushing ahead with diversification through acquisitions, such as Cincinnati Gearing and its entry into the electric drives market. The expansion is following a clear pattern. RENK is leveraging its core competence in precision gear units to establish itself as a system supplier for modern mobility solutions. The operating margin of 17% shows that growth remains profitable. Despite the strong position, Sagel warns of structural weaknesses in the European industry: ' At the same time, consolidation of the European defense industry is essential .' RENK is therefore pushing for industry-wide standardization, for example, through initiatives such as the MARTE main tank program. For investors, dependence on the defense sector remains a risk; however, the Company's technological leadership and bulging order book offer solid prospects. With planned annual revenue growth of 15%, RENK is significantly outperforming the industry. Nevertheless, at a current share price of EUR 65.67, the stock is not fundamentally cheap. Globex Mining – Royalties instead of risk – How the commodity player is doing Globex Mining (TSX:GMX) takes a different approach to traditional mining companies. Instead of operating mines itself, the Company is building up a broad portfolio of commodity projects, currently comprising 258 properties, mainly in North America. Globex develops these properties in a targeted manner and then grants exploration and mining rights to partner companies. In return, it receives cash payments, share packages, options and, above all, long-term royalties on metal production should production commence. This model minimizes the operational risks for Globex and generates steady income long before a mine even starts production. The partners bear the costs and risks of expensive exploration and development. If the partners run out of money, Globex regains ownership of the projects, along with the new knowledge gained through exploration. Globex's strategy focuses on raw materials that are essential for future technologies. The portfolio includes not only gold and silver but also highly sought-after metals such as lithium, which is key to electric vehicle batteries, copper, which is officially classified as critical, and antimony, which is essential for the defense industry. In addition, there are also properties with rare earths, nickel, and cobalt. These materials are necessary for electric mobility, renewable energies, and high-tech industries. Globex is thus positioning itself at the forefront of global efforts to secure and diversify supply chains for these critical raw materials. Activity in the projects remains high. Partner Antimony Resources recently reported promising drill results at a Globex antimony project. High grades of stibnite, an antimony ore, have been identified. Such successes increase the likelihood that projects will be further developed, thereby generating long-term royalties for Globex. At the same time, further payments were received. Agnico Eagle transferred the final installment of CAD 3 million for a gold project, and partners such as Renforth Resources and Manganese X made contractually agreed advance payments for their projects. These cash flows, which are independent of the start of production at individual mines, highlight the strength of the business model. The share price rose significantly at the beginning of the year and has been trading sideways since then. The share currently costs CAD 1.37. BYD – Growth in full swing, but with a bumpy foundation BYD continues to forge ahead. In the first half of 2025, 2.15 million electric and hybrid vehicles rolled off the production line – an increase of 33%. Exports are booming, with a jump of over 230% to 90,000 units in June. New plants, such as the one recently opened in Brazil, are supporting the Company's international presence. Successful models such as the affordable Seagull, with over 51,000 sales in June, and the best-selling Song are driving sales. However, not all expansion plans are running smoothly. A major project in Mexico has been put on hold for the time being due to geopolitical tensions. In terms of numbers, things are going brilliantly. Revenue and profits climbed sharply in 2024, by 29% and 34% respectively, and further jumps are expected for 2025. However, the Chinese market is causing problems. According to experts, a relentless price war, growing inventories, and the threat of market consolidation are likely to lead to a decline from over 120 to around 15 manufacturers by 2030. The German newspaper Bild recently reported on large electric vehicle graveyards. This is reflected in the share price, which has lost around a quarter of its value since May. High equity ratios and substantial cash reserves do provide a buffer, but margins remain in focus. How is BYD coping with the pressure? The key lies in deep vertical integration. The Company produces much of its own components, from batteries to chips. This protects it from supply chain problems and gives it leeway in the price war. At the same time, enormous sums are being invested in development. New business areas such as energy storage and SkyRail monorails are expanding the portfolio. Despite setbacks such as those in Mexico, the global course remains clear. The export share is set to rise to 50% in the long term. For investors, BYD is a powerhouse with clear strengths, but also noticeable bumps in the fast lane. The share price is currently EUR 13.135. The scarcity of raw materials is at the heart of the industrial future. As a technology leader in tank transmissions, RENK is benefiting from the wave of rearmament, but is struggling with structural inefficiencies in the European defense industry and a high valuation. Globex Mining is leveraging its innovative royalty model to capitalize on strategic demand for raw materials, mitigating risk, particularly in emerging fields such as future technologies. BYD is showing strength with massive growth and vertical integration, but is under pressure in its home market due to brutal price wars and the threat of market consolidation. Its expansion into Mexico has also been put on hold for the time being. Conflict of interest Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as 'Relevant Persons') may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a 'Transaction'). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company. In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships. For this reason, there is a concrete conflict of interest. The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies. Risk notice Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such. The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user. The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein.
Reuters
26-03-2025
- Automotive
- Reuters
Germany's Renk forecasts 2025 growth backed by 5 billion euro order book
March 26 (Reuters) - German tank gearbox maker Renk ( opens new tab expects its strong order backlog to support growth in 2025, even when excluding a potential boost from increased defence spending, it said on Wednesday. The Augsburg-based company, which at the end of January reported preliminary full-year revenue in line with its guidance, said its order backlog was 5 billion euros ($5.39 billion) at the end of 2024. Make sense of the latest ESG trends affecting companies and governments with the Reuters Sustainable Switch newsletter. Sign up here. It forecast revenue of 1.3 billion euros for the year, in line with analysts' mean estimate in an LSEG poll and above last year's figure of 1.1 billion euros. Like Rheinmetall ( opens new tab two weeks ago, Renk also said the outlook did not take into account any further market potential from increased defence spending in the European Union. A changed stance in Washington towards European defence and talks of historical investment in the EU have been boosting stocks in the sector, with Europe's benchmark defence and aerospace index (.SXPARO), opens new tab gaining more than 30% so far this year. "I think the mid-term guidance will be more and more framed as cautious with some upside," said Christian Reindl, a portfolio manager at Union Investment which holds shares in Renk. The company maintained its target of 2 billion euros in revenue by 2028. It also sees adjusted operating earnings of between 210 million and 235 million euros in 2025, while analysts polled by Vara were expecting 225 million euros on average. "My assumption is that they progress better on the efficiencies of their production facilities in Germany and the U.S. and there might be some upside on the operating profit throughout the year," Reindl told Reuters. Renk's shares, which were included in Germany's mid-cap equities index (.MDAXI), opens new tab earlier this month after doubling in value since January, fell 1% in early trading. ($1 = 0.9272 euros)
