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Investment Characteristic Comparison
Comparison between Asset-Light (Software) and Halo (Infrastructure-heavy) businesses regarding AI disruption.
Primary Sources
'Halo' stocks emerge as AI-resistant investment theme
Companies with heavy assets and low obsolescence, or ‘halo’ businesses, are emerging as a compelling investment theme as artificial intelligence reshapes parts of the market, according to ECP Asset Management principal, investment, Annabelle Miller. Miller said businesses built around physical infrastructure and hard-to-replicate assets were increasingly standing out as AI pressures mounted on software and other asset-light sectors. “In recent years, asset-light companies such as software and services demonstrated the ability to generate revenue and accelerate growth without the need for physical assets and infrastructure. “AI has proven it can easily disrupt companies built on intangible intellectual property particularly in the software space. “But what AI cannot do is disrupt those businesses which monetise services through a scaled physical asset or piece of infrastructure. Think about pipelines, powerlines or businesses monetising large installed bases of equipment,” she said. According to Miller, several sectors present HALO opportunities, including logistics and salvage, industrial engineering, life sciences, semiconductors, material and mining, and consumer staples. She said these businesses typically combine high barriers to entry with lower exposure to AI-driven disruption, while also standing to benefit from adopting AI within their own operations. “As AI continues to disrupt, there are companies which investors should consider that have low risk of AI replication or disruption and high barriers to entry. “Furthermore, many of these businesses will benefit from integrating AI tools into their workflows to improve efficiency and productivity of their physical asset base. Miller pointed to Sartorius Stedim Biotech as an example in the life sciences sector, saying the company operates highly secure, tightly regulated manufacturing facilities in France and Korea and works with drug developers from the earliest stages of a molecule’s development to support production rather than manufacturing drugs itself. She said Sartorius becomes deeply embedded in the process because its equipment and consumables are written into regulatory-approved drug master files from clinical development through to commercialisation, making it extremely difficult for customers to switch providers. “This company too is resilient to AI as no matter how many drugs AI formulates, a facility is still needed for production of the physical drugs.” Miller also pointed to Taiwan S...
HAL (HAL) | ASX Market | HALO Technologies
Halo Technologies Holdings Ltd OverviewAbout HALWebsiteHalo Technologies Holdings LtdTelephone61.13.0073.7760AddressLevel 4, 10 Barrack Street, Sydney, New South Wales (NSW) 2000DescriptionHalo Technologies Holdings Ltd. engages in the development of integrated global equities research and investment software solutions for self-directed investors, self-funded retirees, and financial professionals. Its product includes Halo Global Research and Investment Software Solution that offers comprehensive company analysis, institutional-grade research tools, global trade execution, ready-to-invest thematic portfolios, integrated account management across global custody and CHESS-sponsored holdings, and adviser solutions to keep track of investments across client portfolios. The company was founded in November 2017 and is headquartered in Sydney, Australia.Key StatsMarket CapAU$6.42MPE0.00EV/EBITDAN/ADividends OverviewDIV Yield0%Franking0%Ex Dividend Date (est.)N/AMarket Data52 weeks rangeLow 0.02 - 0.09Trade Value (12mth)AU$485.001 week-4.55%1 month-44.74%YTD-30%1 year-32.26%All time high1.15Key FundamentalsEPS 3 yr GrowthN/AEBITDA Margin0.00%Operating Cashflow-$7mFree Cash Flow Return0.00%ROIC0.00%Interest Coverage0.00Quick Ratio0.00Other DataShares Outstanding (Fully Diluted)129mHALO SectorTechnologyNext Company Report DateN/ANext Ex Dividend DateN/ANext Dividend Pay DateN/AReporting CurrencyAUDShort Sell (% of issue)0.00HAL AnnouncementsLatest AnnouncementsDateAnnouncements27 February 2627 February 2627 February 2627 February 2605 February 26HAL FundamentalsPer Share RecordsHistorical dataForecast dataAUD2021202220232024202320242025202620272028Per Share, Growth & ValuationsEPS (Basic) $-0.06-0.11N/AEPS (Fully Diluted) $-0.06-0.11N/AGrowth %-237-103.1N/APE XN/AN/AN/AEV/EBITDA XN/AN/AN/AWant to learn more?Frequently asked questions.What is the current share price of Halo Technologies Holdings Ltd (HAL:ASX)?The current share price of Halo Technologies Holdings Ltd (HAL:ASX) is AUD$0.02.What is the 52-week high share price for Halo Technologies Holdings Ltd (HAL:ASX)?The 52-week high share price for Halo Technologies Holdings Ltd (HAL:ASX) is AUD$0.09.What is the 52-week low share price for Halo Technologies Holdings Ltd (HAL:ASX)?The 52-week low share price for Halo Technologies Holdings Ltd (HAL:ASX) is AUD$0.02.What is the dividend yield for Halo Technologies Holdings Ltd (HAL:ASX)?Halo Technologies Holdings Ltd (HAL:ASX) does not pay a dividend.What was Halo Tec...
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