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

Equity Bottom-Up

<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

Event-Driven

What should we make of this meeting between Samsung's Lee Jae-yong and Softbank's Son? The timing of their meeting is so interesting. In fact, they met on the day when Qualcomm's possible takeover of NXP became a hot issue. They had talked for more than two hours. Many important topics might have been discussed, and particularly a possible collaboration in IoT and automotive chips (autonomous systems) was surely included in this conversation.Apparently, people, including myself, have a lot of…

What should we make of this meeting between Samsung's Lee Jae-yong and Softbank's Son? The timing of their meeting is so interesting. In fact, they met on the day when Qualcomm's possible takeover of NXP became a hot issue. They had talked for more than two hours. Many important topics might have been discussed, and particularly a possible collaboration in IoT and automotive chips (autonomous systems) was surely included in this conversation.Apparently, people, including myself, have a lot of…

New Era of Softbank-Samsung Partnership? Son Met Lee Jay-Yong

Asia and Global Semiconductor and Tech Research

Andrew Lu

<h2>Executive summary</h2><ol>
<li>According to The Wall Street Journal News, Qualcomm is in talks to invest over US$30bn in buying NXP and the deal could be done in next 2-3 months.</li>
<li>
Why? We believe the smartphone market is maturing with 0-5% of next 5-year CAGR, automotive semis will be the next wave, and NXP is now the number one market share leader in both automotive and near-field communication (NFC) IC markets. </li>
<li>
Chain reaction to others: We believe the potential deal is positive to MediaTek because Qualcomm…</li>
</ol>

Executive summary
According to The Wall Street Journal News, Qualcomm is in talks to invest over US$30bn in buying NXP and the deal could be done in next 2-3 months.

Why? We believe the smartphone market is maturing with 0-5% of next 5-year CAGR, automotive semis will be the next wave, and NXP is now the number one market share leader in both automotive and near-field communication (NFC) IC markets. 

Chain reaction to others: We believe the potential deal is positive to MediaTek because Qualcomm…


Qualcomm in Talks to Acquire NXP; Away from Smartphone but Move to Automotive

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

Chartonics flashThursday 29 September 2016NDX and S&amp;P sell levels with action pointsCycles - Base case called for strength into late this week where a cycle turn is due on the 29th or 30th. Given a rise into this timeline we expect a bearish turn from long to short.<div>After a bit of a post-Fed shakeout we remained long for drive upward into late this week where we will reverse from long to short S&amp;P. NDX long from 4,814 and S&amp;P from 2,137.</div>NDX is the upside leading and if the S&amp;P is to clear 2,172…

Chartonics flashThursday 29 September 2016NDX and S&amp;P sell levels with action pointsCycles - Base case called for strength into late this week where a cycle turn is due on the 29th or 30th. Given a rise into this timeline we expect a bearish turn from long to short.After a bit of a post-Fed shakeout we remained long for drive upward into late this week where we will reverse from long to short S&amp;P. NDX long from 4,814 and S&amp;P from 2,137.NDX is the upside leading and if the S&amp;P is to clear 2,172…

United States

QUALCOMM, Inc . manufactures digital wireless communications equipment.  The Company licenses its code division multiple access (CDMA) and orthogonal frequency division multiplexing access intellectual property to other companies, and produces CDMA-based integrated circuits; and produces equipment and software used to track workers and assets; and software for wireless content enablement.

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Qualcomm Inc (QCOM US)

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

New Era of Softbank-Samsung Partnership? Son Met Lee Jay-Yong

What should we make of this meeting between Samsung's Lee Jae-yong and Softbank's Son? The timing of their meeting is so interesting. In fact, they...

Sanghyun Park

Qualcomm in Talks to Acquire NXP; Away from Smartphone but Move to Automotive

Executive summary According to The Wall Street Journal News, Qualcomm is in talks to invest over US$30bn in buying NXP and the deal could be done...

Andrew Lu

Reversing S&P Long to Short

Chartonics flashThursday 29 September 2016NDX and S&P sell levels with action pointsCycles - Base case called for strength into late this week...

Thomas Schroeder

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