Latest news with #MercuryResearch
Yahoo
2 days ago
- Business
- Yahoo
AMD/ARM continue to gain share over INTC- report
-- Bank of America told investors on Thursday that AMD and ARM have extended their gains over Intel in the second quarter. The bank revealed in a note that AMD posted 'strong CPU revenue share gain… up +120bps QoQ to 29.5%, and extending its +300bps gain in CY24,' and ARM 'gaining strongly in servers.' According to Mercury Research data cited by BofA, overall PC CPU units rose 1% quarter over quarter, helped by 'tariff-related pull-in orders.' Intel shipments are said to have grown 2% and AMD's 1%, while ARM shipments fell 4%. Intel gained notebook unit share but 'continued losing desktop unit share (-390bps QoQ)… as INTC currently lacks proper offering vs. AMD's refreshed Ryzen 9000 series.' BofA noted Intel's average selling prices (ASPs) rose 1% QoQ but trailed AMD's 9%, with Intel's PC value share slipping another 60bps QoQ to 64.1%. In desktops, AMD units surged 17% QoQ versus Intel's 4% drop, driving AMD's desktop value share up 470bps to 37.3%. In servers, total units increased 2% QoQ, led by ARM's 15% growth and AMD's 1% gain, while Intel was flat. BofA highlighted AMD's 'new Zen 5 Turin products with higher core counts' and server value share rising to 37.1%, its highest in over a decade. ARM's server unit share climbed to 13%, up 150bps QoQ, with BofA expecting it to exceed 15% by 2027. BofA reiterated Buy ratings on AMD and ARM, citing 'PC/server share gains' and 'faster hyperscale adoption' for ARM. Intel remains Neutral, with CPU share losses potentially offset by a 'strategic/financial turnaround' and benefits from insourcing wafers in 2026. Related articles AMD/ARM continue to gain share over INTC- report Mizuho lifts price targets on global AI server stocks Trump order relaxing commercial spaceflight rules boosts some space-related stocks
The Star
3 days ago
- Business
- The Star
MGB's latest job win on track to achieve firm's FY25 order book target
PETALING JAYA: MGB Bhd 's latest contract win ensures earnings visibility and lifts its outstanding order book to RM1.2bil. This represents a healthy 2.1-times cover of Mercury Research's financial year 2025 (FY25) construction sector revenue forecast. Mercury Research maintains its FY25-FY26 earnings forecasts and RM700mil order-book replenishment target, as the latest contract win is within its expectations. Mercury expects MGB to remain on track to achieve its FY25 order-book replenishment target. This is supported by the upcoming LBS Bina Group Bhd 's planned RM2.6bil gross development value worth of property launches in the second half of FY25 and potential contributions from its own pocket land developments in Puchong and Cameron Highlands. Besides, MGB's first deal with Creed Group could pave the way for future wins from CI Medini's multi-phase Iskandar Puteri projects, diversifying its client base and strengthening revenue resilience. MGB has secured a RM186mil construction job from CI Medini Sdn Bhd to develop a two-phased serviced apartment in Iskandar Puteri, Johor. As the win is within Mercury's orderbook assumption, it has maintained its valuations. It reiterates its 'buy' call with an unchanged sum-of-parts-derived target price of RM1.09 a share. This values the construction division at 11 times the FY25 earnings per share and the property segment at a 40% discount to revalued net asset value. The research house continues to like MGB for its focus on affordable housing and healthy construction order book, complemented by its expertise in IBS solutions. The contract was secured from an external client rather than parent company LBS Bina Bhd.
