Amareos

Federico Bagiotti, CFA

Equity Bottom-Up

<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/014/837/original/FN%20161017%20Samsung%20Table.png?1476706856" class="editor-image img-responsive" data-smartkarma-image-id="14837"></figure>The current favourite sport of Samsung haters/iPhone lovers and even mobile communication “agnostics” is to create and spread jokes on the recent debacle of the South Korean company. Indeed, we could not resist the temptation of using one of these pictures for this flash note<a href="#_ftn1" target="_blank">[1]</a> even though we are longstanding Samsung users and, in particular, proud owners (soon-to-be ex-owners) of a Galaxy Note 7 - the less said about the mechanics of getting a new phone the better as our experience has been…

The current favourite sport of Samsung haters/iPhone lovers and even mobile communication “agnostics” is to create and spread jokes on the recent debacle of the South Korean company. Indeed, we could not resist the temptation of using one of these pictures for this flash note[1] even though we are longstanding Samsung users and, in particular, proud owners (soon-to-be ex-owners) of a Galaxy Note 7 - the less said about the mechanics of getting a new phone the better as our experience has been…

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%.

Thematic (Sector/Industry)

In this report, we predict which technology companies will be targeted over the next two years, who is likely to acquire them and why.Some of the investment themes driving these deals include artificial intelligence, the internet of things, MedTech, 3D printing, internet TV, virtual and augmented reality, robotics, cloud computing and the race between the US and China to dominate the next generation of advanced technologies.

In this report, we predict which technology companies will be targeted over the next two years, who is likely to acquire them and why.Some of the investment themes driving these deals include artificial intelligence, the internet of things, MedTech, 3D printing, internet TV, virtual and augmented reality, robotics, cloud computing and the race between the US and China to dominate the next generation of advanced technologies.

Independent TMT Analyst

Edison Lee, CFA

<ul>
<li>Launched four days ago, the Google Pixel phone has been generally perceived as overpriced and a me-too product. We disagree. The built-in Google Assistant app shows Alphabet's strong AI capabilities. Designed by Google and manufactured by HTC, the Pixel phone provides users with the most advanced Android experience.</li>
<li>Priced at the same level as iPhone 7 and Samsung's Galaxy S7, Alphabet believes Pixel has similar caliber. While some argue Pixel's hardware features do not match those of the iPhone…</li>
</ul>


Launched four days ago, the Google Pixel phone has been generally perceived as overpriced and a me-too product. We disagree. The built-in Google Assistant app shows Alphabet's strong AI capabilities. Designed by Google and manufactured by HTC, the Pixel phone provides users with the most advanced Android experience.
Priced at the same level as iPhone 7 and Samsung's Galaxy S7, Alphabet believes Pixel has similar caliber. While some argue Pixel's hardware features do not match those of the iPhone…


Alphabet: Pixel Phones Being Underestimated In Light of Its Strong AI and Samsung's Problems

Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Is Google really declaring a war against Samsung? On the surface, Google's new premium smartphone "Pixel" seems to be challenging Samsung and Apple in the global high-end smartphone market. It is clear that Google is taking aim at Apple with its "Google Home" devices (4K Chromecast, Google WiFi router, Daydream VR headset and Google Assistant). But What about Samsung? Should Samsung be in terror?Google's intention is quite clear (actually, this is Sundar Pichai's work). Google's Android is…

Is Google really declaring a war against Samsung? On the surface, Google's new premium smartphone "Pixel" seems to be challenging Samsung and Apple in the global high-end smartphone market. It is clear that Google is taking aim at Apple with its "Google Home" devices (4K Chromecast, Google WiFi router, Daydream VR headset and Google Assistant). But What about Samsung? Should Samsung be in terror?Google's intention is quite clear (actually, this is Sundar Pichai's work). Google's Android is…

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Event-Driven

Japan Aviation Electronics / Event-Driven

At the end of May this year, <a href="https://www.smartkarma.com/entities/17084" target="_blank" data-smartkarma-citation="entities:17084:1">NEC Corp</a> (NEC) announced it would spend JPY 19.2bn (~US$170mm) to purchase 10 million shares or approximately 11% of shares outstanding in affiliate <a href="https://www.smartkarma.com/entities/9095" target="_blank" data-smartkarma-citation="entities:9095:1">Japan Aviation Electronics</a> (JAE) through a tender offer which is expected to begin in November 2016 after the receipt of approvals from various anti-trust authorities and regulatory bodies. The stated goal is to make JAE a subsidiary of NEC (it is currently an equity-method affiliate) and reap synergies in cooperating in…

At the end of May this year, NEC Corp (NEC) announced it would spend JPY 19.2bn (~US$170mm) to purchase 10 million shares or approximately 11% of shares outstanding in affiliate Japan Aviation Electronics (JAE) through a tender offer which is expected to begin in November 2016 after the receipt of approvals from various anti-trust authorities and regulatory bodies. The stated goal is to make JAE a subsidiary of NEC (it is currently an equity-method affiliate) and reap synergies in cooperating in…

Japan Aviation Electronics Partial Tender Update:  Launch Expected Next Month

United States

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related accessories. The Company also offers payment, digital content, cloud and advertising services. Apple Inc.'s customers are primarily in consumer, small & mid-sized business, education, enterprise and government markets worldwide.

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Apple (AAPL US)

Samsung (005930.KS) Galactic Nightmare

The current favourite sport of Samsung haters/iPhone lovers and even mobile communication “agnostics” is to create and spread jokes on the recent...

Amareos

Tech M&A Targets

In this report, we predict which technology companies will be targeted over the next two years, who is likely to acquire them and why.Some of the...

CM Research

Alphabet: Pixel Phones Being Underestimated In Light of Its Strong AI and Samsung's Problems

Launched four days ago, the Google Pixel phone has been generally perceived as overpriced and a me-too product. We disagree. The built-in Google...

Edison Lee, CFA

Google Declares A War Against Who?

Is Google really declaring a war against Samsung? On the surface, Google's new premium smartphone "Pixel" seems to be challenging Samsung and Apple...

Sanghyun Park

Japan Aviation Electronics Partial Tender Update: Launch Expected Next Month

At the end of May this year, NEC Corp (NEC) announced it would spend JPY 19.2bn (~US$170mm) to purchase 10 million shares or approximately 11% of...

Travis Lundy

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