Buy TUI? Sell Siltronic? And Is Power Metallic Mines at a Turning Point?

Power Metallic Mines: When will the stock finally take off?

When will the shares of Power Metallic Mines finally break out? Analysts at GBC Research certainly remain optimistic, assigning the Canadian polymetallic explorer a price target of CAD 3.00. The stock is currently trading at CAD 1.08, implying substantial upside potential.

The latest drill results from the polymetallic Nisk project in Québec, Canada, have certainly provided further arguments for a revaluation of the stock. The focus is on the Lion Zone, for which the first resource estimate in accordance with the Canadian NI 43-101 standard is currently being prepared. Drill hole PML-26-115 already encountered 13.30 m grading 3.98% copper equivalent at a depth of about 25 m below surface. In PML-26-105, 5.26 m grading 8.45% copper equivalent were identified at a depth of approximately 140 m. These intervals are located in an area that could potentially be suitable for open-pit mining. The resource estimates for Lion and Nisk are scheduled to be presented at the end of July. By then at the latest, the stock should gain new momentum.

CEO Terry Lynch is also leveraging advanced exploration technologies to accelerate the evaluation of the project's vast land package, as he explained in a recent interview. Together with Ideon Technologies, Power Metallic plans to use muon tomography. This technique utilizes cosmic particles to reveal density differences in the subsurface. Massive sulphides have a significantly higher density than the surrounding rock and can therefore be detected in three dimensions. The measuring devices are installed in deep boreholes and collect data over several months, which is used to create an image of the underground structures.

Initially, the technology will be tested and calibrated at the already known Lion discovery. If the measurements there correspond to the known high-grade sulphide zones, the method could subsequently identify previously unknown target areas. Lynch points out that Power Metallic has a project area of approximately 330 km² but has so far explored only a very small portion of it intensively. The new method could significantly accelerate the discovery process and support the hypothesis that Nisk may not be just a single deposit, but an entire mineral district.

Interest is also growing in the capital markets. Lynch points to positive analyst reports. At the same time, the release of the resource estimate has been moved up from early 2027 to the third quarter of 2026. In addition to the recent high-grade drill hits, metallurgical studies showing recovery rates of nearly 95% for copper, platinum, palladium, and other metals were a key factor in this decision. Should the resource estimate confirm sufficient tonnages, perceptions of Power Metallic could change significantly—from a promising explorer to a potentially economically viable mining project. In that case, the stock should be able to reach an entirely different level.

https://youtu.be/FxN8s8xFC2o?si=0ZyyI6BjRkrXea2o

TUI: Buy Recommendation and Expansion in Asia

TUI's stock has lost 22% of its value this year. As a result, the tourism group's stock has significantly underperformed the DAX. In particular, rising kerosene prices due to the conflict in the Middle East have dampened investors' enthusiasm. Although the Strait of Hormuz has just been closed again, Barclays has raised its price target for TUI stock from EUR 9 to EUR 10. While analysts point to the risks for the industry stemming from the Middle East conflict, they still consider the stock a "Buy".

One positive factor is certainly that TUI is strong in Europe, where tourism appears to be unaffected by the tensions between Iran, the US, and Israel. For TUI, as for all tour operators, its own hotels are a key driver of earnings. They enable the company to capture a larger share of the value chain itself and thereby achieve higher margins. TUI is consistently pursuing this strategy and is expanding the TUI Hotels & Resorts portfolio this summer. The company is particularly active in Asia.

TUI is strategically expanding its presence in Asia and is now represented in Bhutan for the first time. With the TUI Blue Yangtze Shanghai, the group is also strengthening its position in China. The historic city hotel is intended to establish the TUI Blue brand in a key Asian travel market and appeal to vacationers, business travelers, and city tourists alike.

TUI is growing particularly rapidly in Southeast Asia. The TUI Suneo Danang has already opened in Danang, and the 125-room TUI Blue Han River is set to follow there in August. Additional new openings are planned with the Riu Palace Phuket in Thailand and The Mora Singapore. Furthermore, the TUI Suneo Olympia Phnom Penh in Cambodia is scheduled to open later this year.

Starting in 2027, TUI also plans to expand further in Malaysia and southern China. Properties are planned for Langkawi, Kuala Lumpur, and Qinzhou. As a result, Asia is becoming an increasingly important pillar of the hotel business. TUI relies on a range of brands and price segments to appeal to both upscale and price-conscious travellers.

Siltronic: Losses Despite a Booming Market—Time to Sell the Stock?

With an 80% gain, Siltronic's stock is among the top performers on the German stock market this year. However, ahead of the technology company's July 30 report on second-quarter results, analysts at mwb research have reaffirmed their "Sell" recommendation. According to the experts, while inventory levels in the logic and memory segments have normalized, they remain elevated in the power segment. This is weighing particularly heavily on the 200-millimetre wafer business, which is also suffering from weak demand and persistent price pressure outside of long-term supply contracts. Additional headwinds include negative currency effects, high depreciation and amortization costs related to the ramp-up of the new plant in Singapore, and net financial debt with annual interest expenses of around EUR 50 million.

mwb views the development in the 300-millimetre wafer and advanced applications segments positively. Capacity utilization at the relevant plants is high. The company is benefiting from demand for AI servers, HBM memory, and advanced logic chips. The new plant in Singapore is also already delivering significant volumes. In addition, spot prices have occasionally improved, and customers are increasingly inquiring about medium-term volumes and new long-term contracts. Nevertheless, analysts note that there has not yet been a broad turnaround in prices and volumes, which would be necessary for a sustainable recovery in earnings. Therefore, they estimate the fair value of the stock at EUR 70. The stock is currently trading at just over EUR 90.

For 2026, mwb expects revenue of EUR 1.293 billion, EBITDA of EUR 278.4 million, and a net loss of EUR 161.8 million. In 2027, revenue is expected to rise to EUR 1.442 billion, while EBITDA is projected to increase to EUR 374.7 million and the net loss is expected to narrow to EUR 85.3 million. For 2028, analysts forecast revenue of EUR 1.607 billion and EBITDA of EUR 486.8 million. The net result is also expected to be negative in 2028, at EUR 16.1 million.

If a semiconductor company fails to turn a profit in a market environment as strong as the current one, this is indeed a cause for concern. Therefore, mwb's assessment is entirely understandable. TUI's performance is repeatedly heavily influenced by external factors such as oil prices and geopolitical conflicts. This makes a long-term investment less attractive. The upcoming initial mineral resource estimate should provide Power Metallic Mines' stock a new boost. Given the positive drilling results, one can speculate on a positive market reaction.