Tech breakthroughs will unlock ‘significant profitability’ for large-scale cell-cultured seafood

Tech breakthroughs will unlock ‘significant profitability’ for large-scale cell-cultured seafood

While many of the ‘first wave’ products in this nascent field are likely to be hybrid products combining cell-cultured chicken or beef and textured plant-based proteins to provide texture and lower costs, BlueNalu intends to launch with whole muscle Bluefin Tuna Toro, a high-value product that typically commands a premium price.The firm – which has a 38,000sq ft pilot facility and innovation center – is currently in a back and forth with the FDA as it goes through a pre-market consultation process.This could take up to 18 months, at which point it plans to test market products in the foodservice arena and secure commitments that will help secure financing for a 140,000sq ft facility featuring multiple 100,000-liter bioreactors that can produce up to six million pounds of premium seafood products annually, the firm told FoodNavigator-USA.“We anticipate that we will select the site location for this facility in 2024, break ground in 2025 and that the facility will be operational in 2027. Once this facility is complete and optimized, we plan to replicate this around the globe so we have regional production centers.”​Tech breakthroughs​The firm – which is working with partner Nutreco on bringing down the cost of animal-free growth media – says two key factors have been key to its latest cost projections: achieving single cell suspension (which mean it can grow large numbers of muscle cells without microcarriers in suspension); and ‘lipid-loading’ technology (prompting muscle cells to store a customized level of fat so BlueNalu doesn’t have to grow muscle and fat cells separately), CTO Dr Lauran Madden told us.No scaffolding or secondary bioreactors are needed, and the harvested cells are put through a cold extrusion process to create whole-muscle type products with the same amino acid and fatty acid profiles of regular bluefin tuna.Single cell suspension with non GMO cell lines: ‘​It’s like if I put like a single marble in a vortex versus a beach ball’So how does it work?In the single cell suspension process, explained Madden, “We have all non GMO cell lines that we’ve been able to transition from the adherence state to the single cell suspension state​.”BlueNalu’s myoblast cells (undifferentiated cells capable of giving rise to muscle cells) are ‘transitioned’ from an adherent state (where they need to be attached to something to grow and divide) to a non-adherent state such that they can proliferate in a large bioreactor and float around in single cell suspension without needing microcarriers (to attach to), which add expense, reduce cell densities, and then may become part the final product formulation.As the cells are in single cell suspension, rather than free-floating aggregates of cells, they are less vulnerable to shear forces that can damage cells in larger bioreactors (where the contents need to be agitated to ensure the nutrients get to all the cells), she added.“As you scale up you can be forced to have higher agitation and higher shear to get the proper mass transfer of nutrients​ [to the cells throughout the entire reactor].“It’s like if I put like a single marble in a vortex versus a beach ball or 10 marbles held together by bubble gum, they’re going to experience different types of shear, so you’re going to have shear impacts that can break apart the aggregates, you’re going to have diffusion limitations, because diffusion can only go so far into an aggregate, and so you begin having these inherent limitations of mass transfer, shear effects that really limit some of the scalability.”​Lipid-loading: ‘We’re able to transition the muscle cells to store fats’​As for the lipid-loading, she explained: “So Bluefin Tuna ​Toro has a combination of muscle and fat, typically 20 to 40% fat, which provides a lot of that flavor and mouthfeel and texture. Rather than having multiple cell types, a separate muscle cell type, a separate fat cell type ​[grown in different bioreactors and combined at the end], we’re actually able to transition the muscle cells to store fats, which is not typical of muscle, but creates the same nutritional profile as you would get in a fat loaded fat cell.”​To achieve that, she said, “We have patent-pending technology, but essentially, we’re able to control the process to really be able to understand how much fat is going to be in the cell, and to also control the composition of fat to target the correct nutritional profile, which also gives you that proper flavor profile.”​Nutritional equivalency – beyond macros​She added: “We are using muscle cells, and when they turn on the gene expression and protein expression, we’re able to get the same protein that you have in fish meat to achieve nutritional equivalency at a molecular level ​[so not just the same macros – grams of fat, protein etc, but matching amino acid profiles, fatty acid profiles etc]. “So far, we have developed hundreds of cell lines for eight different finfish species, and we have initiated projects to expand into other premium seafood categories.”​   BlueNaluExternal rendering of BlueNalu’s first large-scale facility with capability to produce up to six million pounds of premium seafood products annually. Image credit: BlueNaluTechno-economic analysis​To validate its commercialization pathway at its large-scale facility, BlueNalu commissioned a techno-economic analysis (TEA) performed in collaboration with a global engineering, procurement, and construction (EPC) firm and experts in bioprocess modeling, said co-founder, president and CEO Lou Cooperhouse.“This technology​ means we don’t have to blend; we’re developing a whole muscle high-value product that has the same nutritional and functional characteristics as conventional Bluefin tuna.”​BlueNalu’s value proposition has attracted a number of strategic partners including multinational companies in Asia (Food & Life Companies, Mitsubishi Corporation, Pulmuone Corporation, Sumitomo Corporation, and Thai Union); Europe (Nomad Foods and Nutreco); and the U.S. (Griffith Foods and Rich Products), he added.Some construction could be debt-financed​Asked about funding, he said: “We’ve raised $84.6m to date, and frankly what gets us very excited is our hope that we could get commitments on sales of a fair amount of the volume as we do market testing over the next few years. The goal is to get into the US but also other markets where per capita consumption of seafood is high and where our strategic partners can facilitate that and also where there’s regulatory approval.​“So we feel not just that we can ideally sell a fair amount of the volume in advance of even construction occurring, but that this will also be very easily debt financed, because it is something that we’ll be able to demonstrate a very high level of demand for the time we put that shovel in the ground.”​“Our projected 75% gross margin within the first year of production of our large-scale facility is unheard of in the food industry. This sets a very strong growth trajectory for the company, as we introduce additional products and establish new facilities around the globe.” ​Amir Feder, CFO, BlueNalu​Interested in the future of meat?Check out our upcoming digital summit, Futureproofing the Food System​​ (Nov 15-17), which will dedicated one of its six bite-sized sessions to The Future of Meat. REGISTER HERE​​ (it’s free)!​afternoon future of meatFIRESIDE CHAT: Cell-cultured (a.k.a. ‘cultivated’) meat: Foodtech fantasy or the future of meat?​​Dr Elliot Swartz, lead scientist, cultivated meat, The Good Food Institute and Elaine Watson, senior editor, FoodNavigator-USA​​Growing meat from cells in bioreactors instead of living breathing animals should logically be more efficient, as resources are spent on growing only the cells that make up the meat product rather than keeping an animal alive. So is cultivated meat a no brainer, or does the technology face ‘intractable’ problems at food scale?PANEL: Meat 2.0:​​  ​​With weakening sales in the alt-meat segment prompting some serious soul-searching, what does the future hold for meat alternatives, how do the available options stack up, what will distinguish the winners from the losers in the category, and how do consumers feel about the next generation of meat?

  • Ethan Brown, ​​co-founder and CEO, Beyond Meat  ​​
  • Dr Lisa Dyson, ​​founder and CEO, Air Protein​​
  • Dr Tyler Huggins​​, co-founder, Meati Foods​​
  • Abena Foli, ​​head of regulatory affairs, Orbillion Bio​​
  • MODERATOR: ​​Elaine Watson, senior editor, FoodNavigator-USA​

REGISTER HERE (it’s free)!​​ .

A new croissant/pretzel hybrid, frozen craft-quality pizzas and Scotland’s finest shortbread

A new croissant/pretzel hybrid, frozen craft-quality pizzas and Scotland’s finest shortbread

The real dealEat Real - Hummus Sea Salt  Balsamic VinegarEat Real has broaden its appeal to flavour explorers with the addition of Sea Salt & Balsamic Vinegar to its hummus chip range.The leading UK free from brand – a pioneer in the plant-based snacking movement – is pushing to accelerate its growth with its bold flavours and better-for-you credentials. As such, its new variant is vegan and contains 30% less fat than regular potato chips. It is also free from gluten, artificial colours, flavours and ingredients. It joins other hero flavours in the range – like Tomato & Basil, Salted and Sour Cream & Chive – five of which are HFSS compliant, thanks to a reduction of their salt content by more than 50%.The launch coincides with Eat Real’s rebrand with new pack designs across its portfolio, which includes lentil chips, quinoa chips and veggie straws, among others.“Eat Real has become pioneers in better-for-you thanks to its unusual ingredients layered with bold, unexpected flavours inspired by the combinations you find in your own cooking,”​ said marketing director Helen Pomphrey.“We’ve found that Eat Real’s flavours are a key driver to consumer purchase, as more people opt for delicious, yet healthier alternatives.” ​Eat Real’s new packs are rolling out across the UK, in Sainsbury’s from September and other retailers including Tesco from October, in grab bags (45g) for an RRP of £1.20 and sharing bags (135g) for £2.00.Seasonal bestsellerspladis Pladis has unveiled its 2022 Christmas ranges from Jacob’s and Carr’s, which includes returning favourites and non-HFSS (high in fat, sugar and salt) treats.Jacob’s has refreshed its line-up of ever-popular Christmas Caddies (£2.79), with 50% HFSS-compliant. This year, Jacob’s Mini Cheddars Original and Treeselets are joined by two lighter options – Mini Cheddars Nibblies Cheddar & Smoked Paprika – which contain 30% less fat. Jacob’s Mini Twiglets is also returning with a non-HFSS recipe, which is both 60% lower in salt and high in fibre.Jacob’s Festive Selection (300g £3.25; 450g £4.40; 900g £7) dials up its longstanding baking heritage and expertise. Ready for topping, dipping, or sandwiching – the selection includes big sellers like the signature Cream Cracker.Jacob’s Heritage Tin (£6) taps into the trend towards togetherness with a seasonal sharing selection of crackers – including Jacob’s Cream Crackers and Jacob’s Digestives.Also returning is Carr’s Melts Warm Chilli (£1.69), crisp wheaten biscuits that embody Carr’s signature light, melting texture with a gentle heat.Carr’s Melts Selection Pack (£5) includes a trio of treats, namely Melts Original, Melts Cheese and Warm Chilli, great for the post-dinner cheeseboard.Carr’s Selection (200 £3; 400g £4.50) offers a variety of nine savoury biscuits and crackers.“As always, we’ve focused heavily on offering shoppers quality and choice with our 2022 savoury Christmas range,” ​said Cassie French, marketing director, Seasonal & Cake.“We’ve no doubt our portfolio of cracker selection boxes – whether family favourites from Jacob’s, or our extra special offerings from Carr’s – will be particularly popular this year. As Brits tuck into cheese boards and gather together with friends and family in larger groups, products which are perfectly placed for sharing will perform well.” ​The Jacob’s and Carr’s Christmas products are rolling out various UK grocery retailers – including Tesco, Sainsbury’s, Asda, Morrisons, Amazon and Ocado – as well as discounters.Pizza perfectHearth & FireSchwan’s Company has launched the Hearth & Fire pizza line: pre-fired frozen pizzas that delivers pizzeria-quality craftmanship.Hearth & Fire begins with a minimum 20 hour-fermented dough (a process that took three years to perfect) that is flame-fired at 1,000°F (537°C) to add crunch and char to the crust. Every pizza is then finished with a selection of artisan toppings and vacuum-packed to ensure the craft quality is preserved from freezer to oven to table.There are four variants in the line: The Margherita (mozz, basil, red sauce and a dash of olive oil); The Pepperoni (pepperoni, mozz, spicy red sauce and a parmesan herb sprinkle); The Bianca (mozz, Fontina, cheddar, goat cheese, asiago, a parmesan garlic cream sauce and oregano); and The Mushroom (gouda, portabella mushrooms, caramelised onions, roasted shiitake and cremini mushrooms, goat cheese, asiago and thyme).Available at Kroger stores and online in select US states for an RRP of $11.99-$12.99.Biscuit perfectionBiscuitMason Dixie Foods has recently revamped its e-comm platform so consumers will have easier access to its best-selling baked goods.Demand for its clean label Buttermilk Biscuit Sandwich continues to grow, completely selling out of Whole Foods each week. As such, the brand has made the scratch-made sandwiches available online – with free shipping – so fans won’t miss out.The buttermilk sandwiches are made with real ingredients like nitrate-free sausage and 100% egg, and is available in two options: 8 single-serve sandwiches or 12 sandwiches that come in a 2-pack packaging.Mason Dixie is also offering 15% off the buttermilk sandwiches, which use only real ingredients like nitrate-free sausage and 100% real egg, with code BACKTOSCHOOL.Cereal snackerTrixGeneral Mills has continued to expand its bestselling cereals into the snacking aisle.Trix Popcorn joins Cinnamon Toast Crunch and Cocoa Puffs in General Mills’ line-up of indulgent popcorns, as a perfectly balanced sweet and salty snack.Featuring a Trix-flavoured fruity glaze, along with bits of the cereal itself, the popcorn offers a nostalgic crunchy bite ideal for any snacking occasion.Trix Popcorn is available at Sam’s Club for an RRP of $6.48 for a 20oz bag, while a 7oz pack will be available at Walmart stores for $3.69 from October.Scotland at its finestGTR GroupWalker’s is exclusively unveiling its newly curated four-strong Premium Festive Travel Retail Range, decked out in seasonal World of Walker’s livery, at the TFWA World Exhibition and Conference (2-6 October in Cannes, France).The range consists of a 200g Christmas Spiced Shortbread Tube, a 200g Cranberry and Clementine Shortbread Tube, a 460g All Butter Festive Shortbread Assortment Gift Box and a Premium Six Mince Pies Gift Box.Reflecting the brands recent rebrand, the World of Walker’s sports playful illustrations of iconic global landmarks, along with a fresh take on the brand’s Scottish heritage. It has been reimagined for today’s traveller, and highlights its focus across sustainability and digitisation, including the first fully recyclable paper Sharing Bags and Gifting Tubes.“This year has seen several milestones for Walker’s across global travel retail as we continue to celebrate our heritage and expertise,”​ said MD Nicky Walker.“We remain committed to strengthening the opportunities across premium travel retail and bringing our shortbread to consumers and customers around the world. We are excited to be coming back to Cannes to showcase the ‘World of Walker’s’ and our products to both long established and new customers”. ​Visitors will be treated to an immersive experience for all the senses with freshly warmed samples, enabling them to taste Scotland at its finest first hand.Four times winner of the Queen’s Award for Export Achievement, Walker’s exports its distinctively packaged luxury shortbreads, biscuits, cakes and oatcakes to over 100 countries worldwide. In 2017, Walker’s Shortbread was granted a Royal Warrant of Appointment from Her Majesty the Queen for the supply of shortbread to the Royal Household, following a similar granting by the Queen and Queen Mother in 2002 for oatcakes.All Walker’s products are free from artificial colours, flavourings and preservatives. They are certified Kosher (OUD) and are suitable for vegetarians.Spook-tacularPeeblesThis Halloween, Post Consumer Brands is rolling out Limited edition Fruity Pebbles cereal.The cereal will sport the same fruity taste that brand loyalists love, but with a mixture of orange and purple flakes to join in on the fall festivities. The box also features Fred Flintstone and the cereal’s namesake character, Pebbles, dressed in costumes for the holiday.The Limited-Edition Fruity Pebbles cereal will be available at retailers across the US in 10oz packs, along with an 18.5oz pack for die-hard fans.Ready or not…RX Bar… limited time RXBar flavours are coming in hot.Chocolate Cinnamon Brownie will be joined by three seasonal favourites – Pumpkin Spice, Gingerbread and Pecan – available until the end of the year.Each is inspired by nostalgia – like the smell of warm pecan pie, cinnamon and spice – but made with wholesome ingredients for a better-for-you treat.The trio also boast the brand’s simple ingredient list – egg whites (punching in 12g of protein), dates (to bind), nuts (texture) and 0g added sugar.“These bars are anything but basic, and we hope each nostalgic flavour helps eliminate any added stress or drama the season might bring along,”​ said senior associate brand manager Carly Smith.These are accompanied by limited time Chocolate Cinnamon Brownie, packed with whole almonds, chocolate chunks and cinnamon, a nod to homemade brownies straight from the oven.The bars are available online and in selected retail stores across the US for an RRP of $2.79/bar, $9.99/4-pack and $25.99/12-pack. Additionally, new bite-sized RXBar Pumpkin Spice and Chocolate Sea Salt Minis will be available exclusively at Target beginning mid-August.Let’s twist againGourmetGourmand Pastries is hopping onto the vegan trend, getting into a twist and showcasing all-butter-tasting croissants that are actually made from a butter/marg blend at SIAL Paris 2022 (15-19 October).Vegan is one of the biggest trends of the last few years. That’s not new news, but what is, is that Gourmand Pastries – which specialises in frozen viennoiserie for the B2B sector – is joining the movement. Its vegan viennoiserie range comprises croissants, pains au chocolate, praliné croissants and maple pecan plaits. The range is made from 100% plant-based ingredients, including certified sustainable palm oil (RSPO).Getting into a twist, but doing it in style, the Pretzel Triangle by Gourmand Pastries uses a variety of pastries to create a treat somewhere between a croissant and a pretzel. A crisp start is followed by soft texture and slightly salty tones. This new-fangled vennoiserie is perfect on its own, or as a richly filled sandwich-carrier.Finally, the Belgian bakery manufacturer is showcasing Superblend, a clean label combo of butter and margarine, which flawlessly matches the buttery flavour of a real butter croissant. .

Top Wall Street analysts like Apple & Nvidia

Top Wall Street analysts like Apple & Nvidia

Apple CEO Tim Cook presents the new iPhone 14 at an Apple event at their headquarters in Cupertino, California, U.S. September 7, 2022. Carlos Barria | ReutersThe market outlook is becoming increasingly uncertain, given unwieldy inflation and a slowing economy.Stocks ended Friday with losses. They were ultimately unable to bounce back from a deep sell-off on Tuesday in which the Dow Jones Industrial Average shed more than 1,200 points.Against this backdrop, investors need to look past current turbulence as they choose their investments. To that end, here are five stocks chosen by top Wall Street pros, according to TipRanks, a platform that ranks analysts based on their performance history.AppleApple (AAPL) needs no introduction. The iPhone-maker has been beating all odds and raging ahead with compelling product launches. On Sept. 7, the company held its big fall event, where it launched its widely-awaited iPhone 14 series, along with Apple Watches and AirPods.Following the event, Monness Crespi Hardt analyst Brian White said that the product introductions enhanced “a portfolio that has never been stronger and a platform more ubiquitous.” (See Apple’s Hedge Fund Trading Activity on TipRanks)White was cautious that the treacherous macro environment may make consumers hesitate to indulge in a new smartphone purchase. However, he was encouraged by the fact that the company did not hike the prices of the iPhone 14 smartphones.White notes that Apple’s current price-to-earnings is above its average over recent years. However, looking at the long-term business model, the analyst was upbeat that Apple’s strong services business has created a solid foundation of consumer confidence.The analyst, who is at the 470th position among nearly 8,000 analysts tracked on TipRanks, assigned a buy rating on AAPL stock, with a price target of $174.White has a track record of a 57% success rate on his ratings, each rating generating average returns of 11%.EQT CorporationThe growing demand for natural gas as an energy source is driving growth at EQT Corporation (EQT). Needless to say, the rocketing prices of oil and gas this year have also been taking EQT on a wild ride.The company recently entered a deal to acquire shale producer Tug Hill. After the news, RBC Capital Markets analyst Scott Hanold reiterated a buy rating on EQT stock, with a $2 price target raise to $57. “Management’s recent comments during its 2Q22 conference call highlighted that acquisitions need to be more compelling than buying its own stock back and also additive to asset quality, including reducing the corporate break-even point and we believe this deal checks those boxes,” said Hanold, explaining his bullishness. (See EQT Blogger Opinions & Sentiment on TipRanks)Per the analyst’s calculations, the Tug Hill acquisition can take EQT’s free cash flow to $6 billion in 2023, and also boost earnings per share by 10% to 15%. The additional FCF can be utilized toward a higher authorization for share buybacks, but Hanold thinks the company is more likely to use it to reduce its debt.”We believe that EQT shares should outperform peers over the next 12 months. EQT is well positioned with a large asset base focused in the Appalachian Basin,” said Hanold, who is ranked No. 14 among almost 8,000 analysts followed on TipRanks.In all, 66% of Hanold’s ratings have successfully generated 30.9% returns on average.Devon EnergyAnother oil and natural gas exploration and production player, Devon Energy (DVN), is among the favorite choices of the best analysts in the market. The company’s favorable geographical location is driving most of its business. The rich basins of Delaware, Eagle Ford, Anadarko, Powder River, and Williston are the core areas of operation of Devon Energy.Earlier this month, the company entered into a liquefied natural gas (LNG) partnership with Delfin Midstream. The deal involves an agreement between both parties for a long-term liquefication capacity (1 million tonnes per annum) in Delfin’s first floating LNG vessel, with the ability to add another 1Mtpa in the first project or in future vessels.Following the announcement, Mizuho Securities analyst Vincent Lovaglio appeared bullish on the prospects of the deal, reiterating a buy rating on the company with a price target of $91. The analyst thinks that “investment downstream in liquefaction can connect otherwise price disadvantaged Permian natural gas to premium global markets, utilizing excess free cash flow today to convert a molecule once thought a potential liability into an asset.” (See Devon Energy Dividend Date & History on TipRanks)Moreover, the deal could boost Devon’s annual dividend by around 30%. Lovaglio is ranked No. 1 among almost 8,000 analysts on TipRanks. Notably, 91% of his ratings have been successful, each rating giving average returns of 46.2%.BroadcomSemiconductor component manufacturer Broadcom (AVGO) has recently been focusing on incorporating high-margin software into its product portfolio with the help of organic efforts as well as strategic acquisitions. Therefore, Broadcom’s $61 billion purchase of virtualization software firm VMware caught the attention of several analysts.Mizuho analyst Vijay Rakesh was one of those upbeat about the acquisition. “With VMware, we believe AVGO could follow a strategy similar to Symantec-CA where it kept key core assets and divested some low volume high touch markets,” he said, highlighting the company’s focus on higher margin growth. (See Broadcom Stock Investors on TipRanks)The analyst believes that the acquisition will significantly drive Broadcom’s earnings per share. The analyst believes that the company’s shares can reach a price of $793, and reiterated a buy rating on the stock.Broadcom’s strong market position in several domains, operating leverage and focus on acquisitions that boost its margins make Rakesh believe in its value-unlocking potential.Ranked No. 128 among around 8,000 analysts on TipRanks, Rakesh has had success with 57% of his ratings. Moreover, each of his ratings has generated 20.2% returns on average.NvidiaAnother of Vijay Rakesh’s top picks for this season is semiconductor behemoth Nvidia (NVDA). The company was recently in the limelight for guiding for a $400 million hit to revenue in the third quarter due to U.S. restrictions on sales of high-performance AI chips in China.After speaking with top officials from Nvidia, Rakesh emerged bullish on Nvidia once again, reiterating a buy rating on the stock with a price target of $225. Rakesh was upbeat about the company’s high-end Hopper architecture, which is on track despite the ban. That’s because most of the development team is in the U.S. (See Nvidia Stock Chart, Price History & Graphs on TipRanks)”We believe the Hopper ramp will not be affected by the export ban with the updated 8-K allowing for supply chain freedom through Hong Kong and China,” said Rakesh, who believes this loophole to be a significant breather for the company.Moreover, more than 90% of all AI workloads in the data center world are supported by Nvidia. AI is likely to provide a key macro risk-resistant secular growth opportunity to the company. .

DreamFolks Services dazzles on debut, stock zooms 56% over issue price

DreamFolks Services dazzles on debut, stock zooms 56% over issue price

DreamFolks Services made a strong stock market debut, with its shares listed at Rs 508.70, a 56 per cent premium when compared with the issue price of Rs 326 per share on the National Stock Exchange (NSE) on Tuesday. On the BSE, the stock opened at Rs 505, a 55 per cent premium over its issue price.
At 10:04 am; Dreamfolks traded at Rs 495.85, a solid 52 per cent higher against its issue price. The stock hit a high of Rs 550 on the BSE and Rs 549 on the NSE in intra-day trades so far.
DreamFolks is a dominant player and India’s largest airport service aggregator platform having a unique, asset light, capital efficient business model.
DreamFolks’ provides services to all the card networks operating in India including Visa, MasterCard, Diners/Discover and RuPay and many of India’s prominent card issuers including ICICI Bank, Axis Bank, Kotak Mahindra Bank, HDFC Bank and SBI Cards. It has been an asset-light business model gaining the preference of air travelers.
The initial public offering (IPO) of Dreamfolks Services received strong response from the investors with issue got subscribed 57 times. The institutional investor portion was subscribed 70.5 times, the wealthy investor portion by 37.6 times, and the retail investor portion by 43.6 times.
DreamFolks plans to replicate its deep knowledge of the industry, technology innovation, process expertise and business model across new high growth markets/sectors.
The company enjoys over 95 per cent market share in card based lounge access with its asset light business model. While valuation based on FY22 look stretched, the full business recovery will be visible from FY23. Given the monopolistic nature of business and further growth potential in the air travel and credit card segment, analysts ICICI Securities had recommended SUBSCRIBE to this issue for listing gains.
The company has high reliance on card networks and card issuer companies. The competition from global players like Priority Pass and Dragon Pass are key risks & concerns, the brokerage firm had said in an IPO note.
Aviation sector is one of the fastest growing sectors in India. The need for high speed mobility across the subcontinent facilitates the growth of the aviation sector in India. Accordingly, the company has a unique business proposition amongst its customer base and also has an aspirational brand image which augurs well for the company in the long term. Considering the future prospect for the company and it being placed at a sweet spot as the first mover advantage, the brokerage firm Anand Rathi Share and Stock Brokers had said in an IPO note.
The company’s superb listing can be attributed to positive market sentiments, bright future prospects, and a phenomenal response from investors. The Indian aviation industry is at the cusp of exponential growth in the next two decades due to its demographic advantages, the potential growth in middle-class income, rising business travel, reduced cost of air travel and increased travel in Tier-2 and Tier-3 destinations. The company will be one of the biggest beneficiaries of the rising air travel in India and due to its first mover advantage and dominant position in the lounge access market, the company is poised to grow exponentially in the future, said Santosh Meena, Head of Research, Swastika Investmart.

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Top analysts say buy Analog Devices & Intel

Top analysts say buy Analog Devices & Intel

Intel Foundry Services will manufacture multiple chips for MediaTek for a range of smart edge devices, the two companies said on Monday.Fabian Bimmer | ReutersMarkets are expected to remain volatile for the remainder of the year or at least until inflation shows some sign of stabilizing without jeopardizing economic growth.Indeed, stocks sold off sharply on Friday after Federal Reserve Chairman Jerome Powell delivered a speech at Jackson Hole, Wyoming. He continued to take a hard line against inflation, forcing investors to consider the possibility of higher rates for a longer period.During a shake-up like this, it’s critical for investors to make informed decisions to ensure minimal portfolio damage during a potential downturn.Here are five stocks with attractive long-term prospects, highlighted by Wall Street’s top professionals, according to TipRanks, a platform that ranks analysts based on their performance.IntelProduct delays and a productivity plateau have kept chipmaker Intel (INTC) under pressure for the past few years. However, the lull was broken on Aug. 23 amid news of a key semiconductor investment program between Intel and global infrastructure company Brookfield. The arrangement will help Intel secure and maintain its financial position and dividend-generating capability.The partnership, which calls for a $30 billion joint investment, will accelerate the development of two new wafer fabrication production sites in Chandler, Arizona. The announcement led Needham analyst Quinn Bolton to assess the consequences of the partnership. (See Intel Stock Investors sentiments on TipRanks)”The partnership enables a new capital source that costs approximately 6.5% (our est.) and protects Intel’s cash/debt position for future investment and sustaining the dividend,” said Bolton.The analyst believes that the program can enable Intel to achieve $15 billion lesser capital expenditure than the traditional model. This will, in turn, boost the company’s free cash flows.Bolton, who is ranked No.3 among TipRanks’ database of around 8,000 Wall Street analysts, reiterated a buy rating on Intel, with a price target of $40. The analyst has been successful in his ratings 69% of the time, with each delivering an average return of 43%.Applied MaterialsApplied Materials (AMAT) provides wafer fabrication equipment for the foundry/logic (F/L) and memory end markets. As with most semiconductor companies, supply chain issues and elevated supply costs are weighing on the company’s profitability.However, Bolton pointed out that the company’s measures to take pricing actions to balance the costs are promising. Moreover, solid orders from the foundry/logic market continue to be strong, and are helping the company offset the weakening demand in the memory and ICAPS (IoT, Communications, Automotive, Power and Sensors) markets. (See Applied Materials Dividend Date & History on TipRanks)Bolton, who expects decent growth in the wafer fabrication equipment industry this year, is positive that Applied Materials will be able to hold on to its market share, given its leading position in that space.Bolton reinforced a buy rating on the stock, but lowered the price target to $125 from $130 after factoring in near-term challenges.BRC Inc.Premium coffee and media company Black Rifle Coffee Company, or BRC Inc. (BRCC) has been able to hedge itself against the broader market headwinds that have roiled the year thus far.Recently, Tigress Financial Partners analyst Ivan Feinseth reiterated a buy rating on the BRCC stock. Moreover, he raised the price target from $17 to $19 based on the belief that “significant upside in the shares exists.”BRC has made a pivotal shift in growth strategy recently, and is focusing more on mass-market distribution of its products. Feinseth believes that the new path can lead to increased sales growth and product recognition at a lower capital investment. (See BRC Stock Chart, Price History & Graphs on TipRanks)”BRC’s strong brand equity and unique customer connection uniquely position it to compete in the massive U.S. coffee market,” explained the analyst.Feinseth holds the 186th position among more than 8,000 analysts followed on TipRanks. Furthermore, his ratings have been successful 62% of the time, each generating average returns of 12.7%.Analog DevicesAnalog Devices (ADI) is another semiconductor stock catching the eyes of top Wall Street pros. The company recently reported upbeat quarterly results, supported by solid order trends driven by its exposure to automotive and industrial sectors.JPMorgan analyst Harlan Sur took a deep dive into the company’s developments and emerged optimistic. The analyst was strongly positive about Analog Devices’ diversified consumer business, which he expects to consistently continue to outperform the overall consumer end market, even in an uncertain environment. (See Analog Devices Insider Trading Activity on TipRanks)”ADI is exposed to long lifecycle prosumer applications (30% of mix) and the fast-growing segment of the portable market (e.g., wearables, hearables, and premium smartphones) with low China consumer exposure (low-single-digit % of total revenues). Overall, even in the face of a potential slowdown, the team has multiple cost levers to shield its earning power and free cash flow generation,” said Sur.Based on his track record, Sur is ranked No. 228 among more than 8,000 analysts in the TipRanks database. Moreover, 61% of his ratings have been profitable, each garnering average returns of 17%.SynopsysElectronic products and software company Synopsys (SNPS) is another favorite stock of analyst Harlan Sur. As customers increasingly leverage advanced computing to verify their designs as fast as possible, Synopsys is witnessing solid adoption of its offerings.Additionally, chip design complexity is increasing with the emergence of new advanced technological applications. This is expected to be beneficial for Synopsys, providing it with a secular growth opportunity. “Given the backlog/bookings strength and continued strong chip/system design activity, we believe that the company is set to grow revenues in CY23 even in the face of a potential macro/semiconductor industry slowdown,” said Sur. (See Synopsys Hedge Fund Trading Activity on TipRanks)Moreover, Sur expects the core tools of the electronic design automation software segment to grow, providing a “very stable but fierce competitive environment with vendors.” This is because the majority of the electronic design automation market share is divided among three vendors — Cadence Design (CDNS), Synopsys and Siemens, which effectively blocks the chances of entry of any other vendor.Thus, Sur is certain that Synopsys is in a compelling position to stand strong even in an uncertain macro environment. He reiterated a buy rating on the stock and raised the price target to $440 from $400. .