Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

<ul><li><div class="content-highlight">
<strong><a href="https://www.smartkarma.com/entities/409" target="_blank" data-smartkarma-citation="entities:409:1">Amazon.com Inc (AMZN US)</a> announced today that it will start the reverse direct e-commerce purchase business in Korea</strong>. What this basically entails is that Amazon will facilitate companies in Korea that want to sell their products globally online through the Amazon website. This should help hundreds of Korean companies and individuals that want to increase their exports to overseas markets. Amazon's reverse direct e-commerce market is also complementary to Amazon's AWS service that is already…</div></li></ul>


Amazon.com Inc (AMZN US) announced today that it will start the reverse direct e-commerce purchase business in Korea. What this basically entails is that Amazon will facilitate companies in Korea that want to sell their products globally online through the Amazon website. This should help hundreds of Korean companies and individuals that want to increase their exports to overseas markets. Amazon's reverse direct e-commerce market is also complementary to Amazon's AWS service that is already…

Amazon Starts the Reverse Direct E-Commerce Purchase Business in Korea

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<p>Short-term rotation is underway. FANG stocks and parts of Tech, both long-term leaders, have become a short-term source of funds. Fortunately, this weakness is confined, resulting in sector and group rotation, <em>not</em> widespread selling. There is still plenty to like about this market, including areas we have shied away from for most of the year, such as energy and retailers.  This report highlights investment opportunities within the energy sector.</p>

Short-term rotation is underway. FANG stocks and parts of Tech, both long-term leaders, have become a short-term source of funds. Fortunately, this weakness is confined, resulting in sector and group rotation, not widespread selling. There is still plenty to like about this market, including areas we have shied away from for most of the year, such as energy and retailers.  This report highlights investment opportunities within the energy sector.

U.S. Equity Strategy: Tactical Shift in Favoring Value over Growth; Buy Energy; Retailers Bottoming

Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

Equity Bottom-Up

<p>US grocery store chain Albertsons (private) announced on Wednesday evening that it would buy meal kit specialist Plated (also private) for a reported US$175-200 mn. Few financial details were revealed, but we believe Albertsons is buying Plated for around 1.0x trailing 12-month revenues. </p><p>The deal will give Plated, the third-largest meal kit company in the US behind <a href="https://www.smartkarma.com/entities/24175" target="_blank" data-smartkarma-citation="entities:24175:1">Blue Apron Holdings, Inc. (APRN US)</a> and private, Berlin-based HelloFresh, a network of over 2,200 physical stores through which it…</p>

US grocery store chain Albertsons (private) announced on Wednesday evening that it would buy meal kit specialist Plated (also private) for a reported US$175-200 mn. Few financial details were revealed, but we believe Albertsons is buying Plated for around 1.0x trailing 12-month revenues. The deal will give Plated, the third-largest meal kit company in the US behind Blue Apron Holdings, Inc. (APRN US) and private, Berlin-based HelloFresh, a network of over 2,200 physical stores through which it…

US Grocery Giant Albertsons Buys Meal Kit Maker Plated, Suggesting A Path Forward For Blue Apron

IPO and L/S equity, 2015 Starmine top stock picker, Global Equity Research Ltd

Rickin Thakrar

IPO and L/S equity, 2015 Starmine top stock picker

<p>The following is a contrarian negative view on Amazon, particularly as it relates to its recent acquisition of Whole Foods. We argue there are five negative issues for Amazon/Whole Foods in the short to medium term, which are as follows:</p><ol><li>Whole Foods may lose in a price war with Trader Joe’s/Aldi</li><li>We estimate the Whole Foods acquisition could drive $12bn in shareholder value destruction</li><li>Whole Foods could end up with 0% margin and initial cost savings are limited in our view</li><li>Amazon’s reversion to physical space suggests a pure online grocery model is unlikely to succeed</li><li>Amazon’s cash flow could be subdued over the next 18 months</li></ol>

The following is a contrarian negative view on Amazon, particularly as it relates to its recent acquisition of Whole Foods. We argue there are five negative issues for Amazon/Whole Foods in the short to medium term, which are as follows:Whole Foods may lose in a price war with Trader Joe’s/AldiWe estimate the Whole Foods acquisition could drive $12bn in shareholder value destructionWhole Foods could end up with 0% margin and initial cost savings are limited in our viewAmazon’s reversion to physical space suggests a pure online grocery model is unlikely to succeedAmazon’s cash flow could be subdued over the next 18 months

Thematic Investing in Tech and Media, CM Research

Cyrus Mewawalla

Thematic Investing in Tech and Media

Thematic TMT investing

CM Research

CM Research is an independent research house based in London, England. We provide global thematic research in the Technology, Media and Telecoms (TMT) sectors. 

Our focus is on disruptive technologies: how will they unfold; which industries will be impacted; and who will be the ultimate winners and losers. 

Our aim is to help investors predict share prices and corporate executives stay one step ahead of the technology trends that are shaping their industry. 

We research technology investment themes in detail and then feed the results into a scorecard system to quantify the impact of several conflicting themes on individual stocks. 

Recent themes covered include internet TV, the Internet of Things, Big Data, Mobile payments, crowdfunding, artificial intelligence, the cloud, software defined networking and Generation Hashtag.

We cover the top 500 global TMT stocks by market capitalisation and several technology start-ups and pre-IPO companies too. 

In 2015, CM Research analysts outperformed the Bloomberg Benchmark Analyst Index - which measures how good analysts are at predicting stock prices - by 7.1%.

<h2>AI is the next big computing wave. </h2><p>After transitioning from mainframes to PCs to servers to Cloud-based data centres, computing is about to make another transition: Artificial intelligence (AI) is the next computing wave. As demand for chips from the PC and smartphone industry subsides, demand for high-end processors to power AI-based platforms such as voice interfaces, robots, augmented reality, driverless cars, smart homes and advanced cybersecurity systems will rise.<br>This new semiconductor industry is led by Microsoft, Google, Apple and Huawei. They increasingly tell their merchant suppliers what chips to make or do it better themselves, building custom, algorithmic chips and creating their own AI supercomputers in the Cloud.</p><p>And Intel has got the message.</p><p>So how should investors respond?</p>

AI is the next big computing wave. After transitioning from mainframes to PCs to servers to Cloud-based data centres, computing is about to make another transition: Artificial intelligence (AI) is the next computing wave. As demand for chips from the PC and smartphone industry subsides, demand for high-end processors to power AI-based platforms such as voice interfaces, robots, augmented reality, driverless cars, smart homes and advanced cybersecurity systems will rise. This new semiconductor industry is led by Microsoft, Google, Apple and Huawei. They increasingly tell their merchant suppliers what chips to make or do it better themselves, building custom, algorithmic chips and creating their own AI supercomputers in the Cloud.And Intel has got the message.So how should investors respond?

United States

Amazon.com, Inc. is an online retailer that offers a wide range of products. The Company's products include books, music, videotapes, computers, electronics, home and garden, and numerous other products.  Amazon offers personalized shopping services, Web-based credit card payment, and direct shipping to customers.

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Amazon.com Inc (AMZN US)

Amazon Starts the Reverse Direct E-Commerce Purchase Business in Korea

Amazon.com Inc (AMZN US) announced today that it will start the reverse direct e-commerce purchase business in Korea. What this basically entails...

Douglas Kim

U.S. Equity Strategy: Tactical Shift in Favoring Value over Growth; Buy Energy; Retailers Bottoming

Short-term rotation is underway. FANG stocks and parts of Tech, both long-term leaders, have become a short-term source of funds. Fortunately, this...

Vermilion Research

US Grocery Giant Albertsons Buys Meal Kit Maker Plated, Suggesting A Path Forward For Blue Apron

US grocery store chain Albertsons (private) announced on Wednesday evening that it would buy meal kit specialist Plated (also private) for a...

Daniel Hellberg

Amazon/Whole Foods: The Bear Case

The following is a contrarian negative view on Amazon, particularly as it relates to its recent acquisition of Whole Foods. We argue there are five...

Rickin Thakrar

Semiconductors in the Age of AI

AI is the next big computing wave. After transitioning from mainframes to PCs to servers to Cloud-based data centres, computing is about to make...

CM Research

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