The Weekly Brief (As of June 12)
- Qualcomm (QCOM) announced the acquisition of Alphawave Semi (AWE.L) for about $2.5 billion in an effort to boost the company’s AI development.
- Apple (AAPL) unveiled iOS 26 and a new AI redesign software at the company’s most recent annual developer conference to improve the user experience and make its products more intuitive.
- Sun Life (SLF) announced early renewal of normal course issuer bid (NCIB), which allows the company to repurchase up to 25,000,000 common shares, representing 4.4% of the total share outstanding as of June 2, 2025.
- RBC lowers Descartes (DSG) target price by US$4, to US$126, while keeping its outperforming rating unchanged, as DSG’s acquisition model is counter-cyclical, and capital deployed may increase in the near term.
- Dollarama (DOL) reported net sales and EPS of $1.52 billion and $0.98, respectively, for the first quarter of 2025, beating expectations on both top and bottom lines, while also reaffirming the annual same-store-sales growth of around 3%-4%.
*Analysts of 5i Research responsible for this report have a financial or other interest in AAPL. The i2i Fund does not have a financial or other interest in securities mentioned.
Check Out Our New Service Trailer
We’re excited to share a quick new video that highlights what 5i Research is all about. Whether you’ve been with us for a while or are still exploring, this short trailer gives a great overview of the value we offer to Canadian investors.
Feel free to share it with friends or family who might be interested but aren’t quite sure what we do — it’s a simple way to introduce them to our research, tools, and community.
Thanks for being a part of 5i!
New Report
We have posted a new report on Kneat.com (KSI). KSI provides software for data and document management in the life sciences industry (biotech, pharmaceutical, medical device manufacturing). It has a solid growth profile with attractive economics, and its customers not only tend to stay with KSI for the long term, but also increase their spending over time. We think KSI resembles an early compounder in the making.
Read the latest updates by logging in here!
Report Updates
We have posted report updates on Boyd Group (BYD), Stantec (STN), and Sylogist (SYZ). BYD operates one of the largest full-service repair centers in North America, STN is a global leader in sustainable engineering, architecture and environmental consulting, and SYZ is a provider of enterprise resource planning software. We are seeing positive trends in the fundamentals for one company, another has seen a slowdown in its expansion plans, while the other name has strong secular tailwinds underpinning it.
Read the latest updates by logging in here!