Geopolitical Analyst, Steno Research, Steno Research

Mikkel Rosenvold

Geopolitical Analyst, Steno Research

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macroeconomics

<ul>
<li>The Globalization Elite is convening at Davos this week. The average passenger count is falling to 1.5 per airplane and top CEO’s seem to embrace Patagonia vests over Italian suits. </li>
<li>Other than that – what have we learned from the week in the Alps? Is Davos still relevant and what does this year’s edition tell us about the world markets?</li>
<li>The main takeaways boil down to “polycrisis” and “friendshoring”. Two terms that are threatening the very existence of the World Economic Forum. </li>
</ul>


The Globalization Elite is convening at Davos this week. The average passenger count is falling to 1.5 per airplane and top CEO’s seem to embrace Patagonia vests over Italian suits. 
Other than that – what have we learned from the week in the Alps? Is Davos still relevant and what does this year’s edition tell us about the world markets?
The main takeaways boil down to “polycrisis” and “friendshoring”. Two terms that are threatening the very existence of the World Economic Forum. 


The Two Buzzwords of Davos - And What We Can Learn from Them

APAC IPOs & Placements, Aequitas Research

Ethan Aw

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/oasis-corp-of-korea" target="_blank" data-smartkarma-citation="entities:36074:1" rel="noopener">OASIS Corp (370190 KS)</a> is looking to raise up to US$166m in its upcoming Korea IPO.</li>
<li>Oasis Corporation is an early morning delivery service business that delivers fresh food to consumers. It runs an e-commerce platform named ‘Oasis Market’ as well as offline stores.</li>
<li>In our previous notes, we looked at the company’s past performance. In this note, we talk about peer comparison.</li>
</ul>



OASIS Corp (370190 KS) is looking to raise up to US$166m in its upcoming Korea IPO.
Oasis Corporation is an early morning delivery service business that delivers fresh food to consumers. It runs an e-commerce platform named ‘Oasis Market’ as well as offline stores.
In our previous notes, we looked at the company’s past performance. In this note, we talk about peer comparison.


Oasis Corporation IPO - Peer Comparison - Smallest in Scale but Largest in Profitability

Founder, Market Thinker

Mark Tinker

Founder

Market Thinker

Mark Tinker has over 35 years experience as an investor, market strategist and economist. Having spent more than 20 years as a sell side strategist and being top rated on numerous occasions and surveys he moved to investment management in 2006 to run global equity portfolios in London and subsequently moved to Hong Kong in 2013 to help establish an Investment Management business for a top 20 international asset manager. He first started writing investment weeklies for his employers in 1989, developing a style characterised under the title Market Thinking and has been a regular commentator and presenter on CNBC, Bloomberg and other business channels, where his approach of rationalising market behaviour rather than making short term predictions on high frequency market data provides a welcome balance to his client audience.

Making Sense of the Narrative

<ul><li>We are re-introducing two regular posts, Monday Morning Musings and Friday Market Thinking to book-end the week, on the basis that regular postings are appreciated by readers, as well as providing a good discipline for ourselves.</li><li>Other posts will continue obviously. The idea of ‘Musings’ is that while none of the following might merit a full post of their own, they might perhaps add up to some interesting observations (of sorts).</li><li>This week, it is all back to ‘normal’ as Davos man hops on a Private Jet and returns to their snowy ancestral home to talk once again about climate change and world poverty for the World Economic Forum.</li></ul>

We are re-introducing two regular posts, Monday Morning Musings and Friday Market Thinking to book-end the week, on the basis that regular postings are appreciated by readers, as well as providing a good discipline for ourselves.Other posts will continue obviously. The idea of ‘Musings’ is that while none of the following might merit a full post of their own, they might perhaps add up to some interesting observations (of sorts).This week, it is all back to ‘normal’ as Davos man hops on a Private Jet and returns to their snowy ancestral home to talk once again about climate change and world poverty for the World Economic Forum.

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Cover Story: Where to now for Alibaba in the post-Jack Ma era?</li><li>World elite return to Winter Davos as recession fears mount</li><li>China runs short of anti-immune deficiency drug as Covid panic buying clears shelves</li></ul>

Cover Story: Where to now for Alibaba in the post-Jack Ma era?World elite return to Winter Davos as recession fears mountChina runs short of anti-immune deficiency drug as Covid panic buying clears shelves

CX Daily: Where to Now for Alibaba in the Post-Jack Ma Era?

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Event-Driven

WM Motor Technology Co Ltd / Event-Driven

<ul>
<li>On 11th Jan 2023, <a href="https://www.smartkarma.com/entities/wm-motor-technology-co-ltd" target="_blank" data-smartkarma-citation="entities:29225:1" rel="noopener">WM Motor Technology Co Ltd </a>announced its intention to merge with <a href="https://www.smartkarma.com/entities/we-solutions-ltd" target="_blank" data-smartkarma-citation="entities:9818:1" rel="noopener">Apollo Future Mobility (860 HK)</a> .</li>
<li>WM Motor failed to list in Hong Kong last year and this is essentially its attempt to undertake a reverse merger at a valuation well below its previous funding rounds.</li>
<li>In this note, we will talk about the deal dynamics and  take an early look at its implications.</li>
</ul>


On 11th Jan 2023, WM Motor Technology Co Ltd announced its intention to merge with Apollo Future Mobility (860 HK) .
WM Motor failed to list in Hong Kong last year and this is essentially its attempt to undertake a reverse merger at a valuation well below its previous funding rounds.
In this note, we will talk about the deal dynamics and  take an early look at its implications.


WM Motor Reverse Merger and Placement - The US$2bn Merger and US$500m Planned Placement

United States

Tesla Inc. operates as a multinational automotive and clean energy company. The Company designs and manufactures electric vehicles, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. Tesla owns its sales and service network and sells electric power train components to other automobile manufacturers.

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Tesla (TSLA US)

The Two Buzzwords of Davos - And What We Can Learn from Them

The Globalization Elite is convening at Davos this week.. We see a lot of insight in two words rolling down from the Alps - "polycrisis" and...

Steno Research

Oasis Corporation IPO - Peer Comparison - Smallest in Scale but Largest in Profitability

OASIS Corp (370190 KS) is looking to raise up to US$166m in its upcoming Korea IPO. In our previous notes, we looked at the company’s past...

Ethan Aw

Monday Morning Musings

We are re-introducing two regular posts, Monday Morning Musings and Friday Market Thinking to book-end the week, on the basis that regular postings...

Mark Tinker

CX Daily: Where to Now for Alibaba in the Post-Jack Ma Era?

Cover Story: Where to now for Alibaba in the post-Jack Ma era? World elite return to Winter Davos as recession fears mount.

Caixin Global

WM Motor Reverse Merger and Placement - The US$2bn Merger and US$500m Planned Placement

On 11th Jan 2023, WM Motor Technology Co Ltd announced its intention to merge with Apollo Future Mobility (860 HK) . In this note, we talk about...

Sumeet Singh

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