Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Event-Driven

<ul>
<li>In the past 24 hours, there have been many news flow about numerous US airports that have been cyber attacked by suspects from Russia. </li>
<li>The increasing media attention on cyberattack threat could result in greater concerns about cybersecurity inducing higher global spending on software and other services that help to protect against cyber attacks. </li>
<li>Global cybersecurity stocks that could benefit from greater media attention on cyberattacks include Palo Alto Networks (PANW US)  Crowdstrike Holdings Inc (CRWD US)  CloudFlare (NET US).  </li>
</ul>


In the past 24 hours, there have been many news flow about numerous US airports that have been cyber attacked by suspects from Russia. 
The increasing media attention on cyberattack threat could result in greater concerns about cybersecurity inducing higher global spending on software and other services that help to protect against cyber attacks. 
Global cybersecurity stocks that could benefit from greater media attention on cyberattacks include Palo Alto Networks (PANW US)  Crowdstrike Holdings Inc (CRWD US)  CloudFlare (NET US).  


Cyberattacks at Numerous US Airports by Suspects from Russia

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Credit

<ul><li>Akamai Technologies is a well-known cybersecurity company, content delivery network, and cloud service provider.</li><li>The growth in security and computing has been the main driver of revenues for Akamai in the past years but it has been adversely impacted by the U.S. dollar's sharp increase in value and the slowing of traffic growth in the company's delivery business.</li><li>With pandemic-related restrictions being lifted globally and the related tailwinds receding, the company has seen a slower growth rate of traffic on its network in the gaming and OTT verticals.</li></ul>

Akamai Technologies is a well-known cybersecurity company, content delivery network, and cloud service provider.The growth in security and computing has been the main driver of revenues for Akamai in the past years but it has been adversely impacted by the U.S. dollar's sharp increase in value and the slowing of traffic growth in the company's delivery business.With pandemic-related restrictions being lifted globally and the related tailwinds receding, the company has seen a slower growth rate of traffic on its network in the gaming and OTT verticals.

Akamai Technologies Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

Equity Bottom-Up

<ul><li>This is our first report on Akamai Technologies, a renowned content delivery network and cloud service provider. the growth in security and computing has been the main driver of revenues for Akamai in the past years but it has been adversely impacted by the U.S. dollar's sharp increase in value and the slowing of traffic growth in the company's delivery business.</li><li>The consistent double-digit growth in security revenue has been driven by Guardicore's continued outstanding performance and rapid growth in their application security business.</li></ul>

This is our first report on Akamai Technologies, a renowned content delivery network and cloud service provider. the growth in security and computing has been the main driver of revenues for Akamai in the past years but it has been adversely impacted by the U.S. dollar's sharp increase in value and the slowing of traffic growth in the company's delivery business.The consistent double-digit growth in security revenue has been driven by Guardicore's continued outstanding performance and rapid growth in their application security business.

Akamai Technologies Inc.: Initiation of Coverage – Business Strategy

House of Market Insights, Market Radar

Market Radar

House of Market Insights

Quick market updates and lot of ideas for your investments from a multi-asset portfolio manager working for a family office.

Quick Market Updates

Technical Analysis

Nasdaq-100 Stock Index / Technical Analysis

<ul>
<li>Nasdaq 100 is trading below the 200-day MA since mid-January. Now the index is trying to go back above the MA for the second time in a couple of months.</li>
<li>Russell 2000 index did nothing in the last 15 months. For one year it traded in a rectangle, than it broke to the downside, a clear bearish signal.</li>
<li>Semis is one of the hottest sector of the moment, as the chip demand increased heavily in the last two years.</li>
</ul>


Nasdaq 100 is trading below the 200-day MA since mid-January. Now the index is trying to go back above the MA for the second time in a couple of months.
Russell 2000 index did nothing in the last 15 months. For one year it traded in a rectangle, than it broke to the downside, a clear bearish signal.
Semis is one of the hottest sector of the moment, as the chip demand increased heavily in the last two years.


Equity Analyst, LightStream Research

Shifara Samsudeen, ACMA, CGMA

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Capital Markets

<a href="https://www.smartkarma.com/entities/tuya-inc" target="_blank" data-smartkarma-citation="entities:32158:1" rel="noopener">Tuya Inc (TUYA US)</a>  offers a purpose-built IoT Cloud platform with a full suite of offerings that include Platform-as-a-Service (PaaS) and Software-as-a-Service (Saas) to businesses and developers. The company started trading on the NYSE on 18th March and the company set the final IPO pricing at US$21 per ADS, higher than the company’s IPO price range of US$17-20 per ADS. The company issued 43.59m ADS (each ADS represents one ordinary share of the company) at the IPO and raised approx. US$915m.Tuya’s IPO in the US marks the second biggest US IPO in 2021 by a Chinese company after RLX Technology raised over US$1.5bn at its US IPO earlier this year.Tuya’s shares opened strong on its first day of trading, hitting an intra-day high ofUS$26.30 per ADS, about 25% higher than the final IPO price of US$21 per ADS. Tuya’s shares closed at US$25 per ADS at the end of its first day of trading, about 20% higher than the company’s final IPO price, giving the company a market capitalisation of approx. US$14bn.Tuya’s shares closed at US$20.38 per share at the end of yesterday’s trading (30th March) and the company plans to use the net proceeds from the IPO on R&amp;D, investing on technology infrastructure, marketing and branding and for other general corporate purposes. The company’s IPO was backed by a strong line-up of cornerstone investors including Tencent, Hillhouse Capital, Gaoling Fund, Tiger Global Management, etc.

Tuya Inc (TUYA US)  offers a purpose-built IoT Cloud platform with a full suite of offerings that include Platform-as-a-Service (PaaS) and Software-as-a-Service (Saas) to businesses and developers. The company started trading on the NYSE on 18th March and the company set the final IPO pricing at US$21 per ADS, higher than the company’s IPO price range of US$17-20 per ADS. The company issued 43.59m ADS (each ADS represents one ordinary share of the company) at the IPO and raised approx. US$915m.Tuya’s IPO in the US marks the second biggest US IPO in 2021 by a Chinese company after RLX Technology raised over US$1.5bn at its US IPO earlier this year.Tuya’s shares opened strong on its first day of trading, hitting an intra-day high ofUS$26.30 per ADS, about 25% higher than the final IPO price of US$21 per ADS. Tuya’s shares closed at US$25 per ADS at the end of its first day of trading, about 20% higher than the company’s final IPO price, giving the company a market capitalisation of approx. US$14bn.Tuya’s shares closed at US$20.38 per share at the end of yesterday’s trading (30th March) and the company plans to use the net proceeds from the IPO on R&amp;D, investing on technology infrastructure, marketing and branding and for other general corporate purposes. The company’s IPO was backed by a strong line-up of cornerstone investors including Tencent, Hillhouse Capital, Gaoling Fund, Tiger Global Management, etc.

Tuya IPO Trading Update: Recent Drop in Stock Price Offers a Good Entry Point

United States

Akamai Technologies, Inc. provides services for accelerating and improving the delivery of content and applications over the Internet; ranging from live and on-demand streaming video capabilities to conventional content on websites, to tools that help people transact business and reach out to new and existing customers.

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Akamai Technologies (AKAM US)

Cyberattacks at Numerous US Airports by Suspects from Russia

In the past 24 hours, there have been many news flow about numerous US airports that have been cyber attacked by suspects from Russia. This could...

Douglas Kim

Akamai Technologies Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

Akamai Technologies is a well-known cybersecurity company, content delivery network, and cloud service provider. The growth in security and...

Baptista Research

Akamai Technologies Inc.: Initiation of Coverage – Business Strategy

This is our first report on Akamai Technologies, a renowned content delivery network and cloud service provider. the growth in security and...

Baptista Research

Charts to Watch.

Nasdaq 100 is trading below the 200-day MA since mid-January. Now the index is trying to go back above the MA for the second time in a couple of...

Market Radar

Tuya IPO Trading Update: Recent Drop in Stock Price Offers a Good Entry Point

Though Tuya’s IPO had a strong debut on the first two days of trading, it was short-lived and the current drop in the company’s trading multiples...

Shifara Samsudeen, ACMA, CGMA

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