Samsung Electronics (005930.KS) enters late‑2025 with improving, but uneven, fundamentals. Trailing‑12‑month revenue stands at 308.59T with net income of 30.32T, implying a 9.83% profit margin and a 6.27% operating margin. Liquidity and balance‑sheet strength remain clear positives: cash of 100.73T versus 14.03T of debt and a 2.51 current ratio. The share price has rebounded toward the top of its 52‑week range, closing the week of August 29 at 69,700, compared with a 49,900–75,000 band and a 50‑day/200‑day moving average of 66,320/58,300.5. Yet growth is modest, with quarterly revenue up 0.70% year over year and quarterly earnings down 48.80%. With a forward dividend of 1,456 (2.09% yield) and beta of 0.75, investors face a classic mix: defensive cash generation, a cyclical memory upswing, and execution tests in foundry and devices.

JD.com enters the next three years balancing growth and discipline. Trailing-12-month revenue is 1.27T with quarterly revenue growth of 22.40%, yet profitability remains thin (profit margin 3.06% and operating margin -0.30%). EBITDA of 40.02B and net income of 38.65B sit alongside negative levered free cash flow of -14.16B, underscoring investment intensity. The balance sheet is a support: total cash 213.84B versus debt of 100.79B, and a newly established forward dividend rate of 1 implies a 3.29% yield. Shares have eased toward the 50-day average of 32.07, below the 200-day at 35.89, after a volatile year between the 52-week low of 25.61 and high of 47.82. A reported plan to list a Singapore REIT could unlock capital from logistics real estate and act as a catalyst if execution is timely.

PDD Holdings enters the next three years with a powerful mix of scale, profitability, and cash reserves, offset by guidance caution and competitive intensity. The company reports trailing-12-month revenue of 409.62B and a profit margin of 23.91%, supported by an operating margin of 24.80%. Cash of 387.13B versus 10.96B total debt and a 2.36 current ratio provide ample flexibility for marketing, logistics, and quality initiatives, such as Temu’s recent partnership with FITI. Shares are up 27.17% over 52 weeks, with a recent close near 120 and a 50-day average of 112.07. Headlines show Q2 beats alongside management’s tempered expectations and a recent analyst downgrade, underscoring a balanced risk-reward. With a five-year beta of 0.41 and no dividend, PDD’s appeal rests on sustained Temu growth, disciplined investment, and the durability of mid‑20s margins amid regulatory and competitive pressures.

Airbus SE (AIR.PA) enters late 2025 with demand for single‑aisle jets still robust and its share price hovering close to 52‑week highs. Investors are weighing solid top‑line scale (revenue ttm 70.02B) and improving profitability against the friction of supply‑chain bottlenecks and negative levered free cash flow. Recent headlines point to potential step‑ups in output — including chatter that Airbus could eclipse Boeing’s long‑held 737 delivery record — and to incremental capacity moves such as outsourcing H125 helicopter fuselages to Mahindra. With a 1.12% forward dividend yield and a “Moderate Buy” sell‑side stance, sentiment remains constructive, but the bar has risen after a 28.67% 12‑month gain. This three‑year outlook considers how delivery cadence, margins, and cash conversion could shape AIR.PA through August 2028.