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Smartkarma Daily Briefs

Mar 03
0

Daily Brief Energy/Materials: Yankuang Energy Group and more

By | Daily Briefs, Energy & Materials Sector

In today’s briefing:

  • Index Rebalance & ETF Flow Recap: STAR50/100, FXI, NIFTY/NEXT50, S&P500, KOSPI, Goodman, Ecopro BM

Index Rebalance & ETF Flow Recap: STAR50/100, FXI, NIFTY/NEXT50, S&P500, KOSPI, Goodman, Ecopro BM

By Brian Freitas

  • The last week was a very busy one. The coming week has some announcements and implementations but is a relatively quieter one.
  • The SSE STAR50 (STAR50 INDEX) and STAR100 Index changes for March will be implemented at the close on Friday, the 8th.
  • Another week of inflows for the iShares Emerging Markets ex-China (EMXC US) ETF as creations cross US$2bn for 2024. ETF AUM has gone from US$420m in 2021 to US$11bn now!

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Mar 03
0

Daily Brief Industrials: Keisei Electric Railway Co, Nippon Express Holdings and more

By | Daily Briefs, Industrials

In today’s briefing:

  • Last Week in Event SPACE: Keisei Electric, CSR, Rakuten, HK Property, Aeon/TSURUHA/Welcia
  • Nippon Express (9147 JP): A US$260 Million Secondary Offering

Last Week in Event SPACE: Keisei Electric, CSR, Rakuten, HK Property, Aeon/TSURUHA/Welcia

By David Blennerhassett

Nippon Express (9147 JP): A US$260 Million Secondary Offering

By Arun George

  • Nippon Express Holdings (9147 JP) has announced a secondary offering of up to 4.8 million shares (including overallotment). There are seven selling shareholders.
  • The secondary offering comes ahead of the implementation of regulatory restrictions on truck drivers’ overtime in April 2024, which is widely known as the ‘2024 Problem’.
  • Looking at recent large Japanese placements is instructive for understanding the potential offer price. The pricing date will likely fall between 11 and 13 March (likely 11 March).

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Mar 03
0

Daily Brief TMT/Internet: Box Inc Class A, Startale Labs , Amperesand , 1Long , UNOAsia and more

By | Daily Briefs, TMT/Internet

In today’s briefing:

  • S&P500 Index Rebalance: SPCY Additions & Large Impact
  • Singapore-based web3 startup nets $3.5m funding
  • NTU-incubated startup Amperesand charges ahead with funding
  • Monk’s Hill, Iterative back Vietnamese wealth management startup 1Long | e27
  • UNOAsia secures US$32.1M to provide digital banking services in Philippines | e27

S&P500 Index Rebalance: SPCY Additions & Large Impact

By Brian Freitas

Singapore-based web3 startup nets $3.5m funding

By Tech in Asia

  • Startale Labs, a Singapore-based Web3 startup, has raised US$3.5 million in a series A follow-up round, according to Alternatives.pe.

  • UVM Signum Blockchain Fund, Sony Network, and Samsung Next Ventures were some of the investors in the round, which was raised at a post-money valuation of US$63.5 million.

  • Founded in January 2023, Startale Labs specializes in Web3 infrastructure development. Helmed by Sota Watanabe, the company creates core infrastructure and applications for Web3 that is integrated onto the Astar Network blockchain.

NTU-incubated startup Amperesand charges ahead with funding

By Tech in Asia

  • Amperesand, a Singapore-based electrical infrastructure company, has raised over US$12.4 million in seed funding.
  • Xora Innovation, Temasek’s deeptech early-stage investment platform, co-led the round with venture capital firm Material Impact.
  • TDK Ventures, the venture arm of Japanese electronics firm TDK, also participated, along with Foothill Ventures.

Monk’s Hill, Iterative back Vietnamese wealth management startup 1Long | e27

By e27

  • The 1Long founding team 1Long, a wealth management platform in Vietnam, has received US$500,000 in a pre-seed investment round from Iterative, Monk’s Hill Ventures, R2VP, and Orionis Capital.
  • The new capital will be channelled into technology development, partnerships with asset managers and financial institutions, and strategic team expansion.
  • Also Read: ‘Resistance to digital wealth management has almost disappeared in SEA’: Bambu CEO Ned Phillips Founded by a team of former investment banking and Y Combinator-backed veterans, 1Long enables individuals to start with as little as 10,000 VND (approximately less than US$1).

UNOAsia secures US$32.1M to provide digital banking services in Philippines | e27

By e27

  • UNOAsia, the company behind UNO Digital Bank in the Philippines, has raised US$32.1 million in a pre-Series B investment round comprising equity and debt.
  • The investors include Gateway Partners, Creador Private Equity, and Nextinfinity Management.
  • This round brings UNOAsia’s total raise to approximately US$75 million.

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Mar 03
0

Daily Brief Industrials: Keisei Electric Railway Co, Nippon Express Holdings and more

By | Daily Briefs, Industrials

In today’s briefing:

  • Last Week in Event SPACE: Keisei Electric, CSR, Rakuten, HK Property, Aeon/TSURUHA/Welcia
  • Nippon Express (9147 JP): A US$260 Million Secondary Offering

Last Week in Event SPACE: Keisei Electric, CSR, Rakuten, HK Property, Aeon/TSURUHA/Welcia

By David Blennerhassett

Nippon Express (9147 JP): A US$260 Million Secondary Offering

By Arun George

  • Nippon Express Holdings (9147 JP) has announced a secondary offering of up to 4.8 million shares (including overallotment). There are seven selling shareholders.
  • The secondary offering comes ahead of the implementation of regulatory restrictions on truck drivers’ overtime in April 2024, which is widely known as the ‘2024 Problem’.
  • Looking at recent large Japanese placements is instructive for understanding the potential offer price. The pricing date will likely fall between 11 and 13 March (likely 11 March).

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  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
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Mar 03
0

Daily Brief Health Care: Celltrion Inc and more

By | Daily Briefs, Healthcare

In today’s briefing:

  • Celltrion (068270 KS): Solid Performance in Core Business in 2023; Eyes 60% Sales Growth in 2024

Celltrion (068270 KS): Solid Performance in Core Business in 2023; Eyes 60% Sales Growth in 2024

By Tina Banerjee

  • Celltrion Inc (068270 KS) has reported 12% YoY growth in its core business of biosimilars in 2023. Growth was mainly driven by new portfolios including Remsima SC and Yuflyma.
  • Operating profit and operating margin improved slightly YoY, led by an increase in high-margin biosimilar sales. Biosimilar products contributed 67% of total revenue in 2023, up from 57% in 2022.   
  • The company is targeting more than 60% global sales growth to KRW3.5 trillion in 2024. Celltrion is eyeing KRW1.6 trillion EBITDA and more than 40% EBITDA margin in 2024.

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Mar 03
0

Daily Brief Financials: Aozora Bank Ltd, Qbe Insurance, MediConCen and more

By | Daily Briefs, Financials

In today’s briefing:

  • Weekly Deals Digest (03 Mar) – Aozora, Outsourcing, Tsuruha, Toei, Samsonite, Adbri, Alumina, APM
  • Quiddity ASX Mar 24 Index Rebal: Many High-Impact Names
  • MediConCen bags US$6.85M to take its AI, blockchain-powered insurtech platform to SEA | e27

Weekly Deals Digest (03 Mar) – Aozora, Outsourcing, Tsuruha, Toei, Samsonite, Adbri, Alumina, APM

By Arun George

Quiddity ASX Mar 24 Index Rebal: Many High-Impact Names

By Janaghan Jeyakumar, CFA

  • The results for the March 2024 index rebal event for ASX indices were announced after the close on Friday 1st March 2024.
  • There is one change for ASX 20, two changes for ASX 100, and four changes for ASX 200.
  • There are 14 ADDs and 10 DELs for ASX 300 and while most of these are small-size flow names some of them have more than 15x ADV to trade.

MediConCen bags US$6.85M to take its AI, blockchain-powered insurtech platform to SEA | e27

By e27

  • Hong Kong-based MediConCen, a startup automating insurance claims using AI and blockchain, has raised US$6.85 million in its latest Series A round.
  • HSBC Asset Management led this round, with support from existing investors G&M Capital and ParticleX and new investor Wings Capital Ventures.
  • Also Read: Wealthtech, insurtech, SaaS fintech are the new hot verticals in Indonesia: AC Ventures report This brings MediConCen’s total raise to US$12.7 million.

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Mar 03
0

Daily Brief Consumer: Samsonite, Pet Centric Pvt , Prefer and more

By | Consumer, Daily Briefs

In today’s briefing:

  • (Mostly) Assia-Pac M&A: Alumina, Superloop, Qantm, Samsonite, ESR, APM , Adbri, CSR, Outsourcing
  • India pet care startup scores $15m to help first-time owners
  • Prefer scores US$2M funding to take its bean-free coffee brand to Philippines | e27

(Mostly) Assia-Pac M&A: Alumina, Superloop, Qantm, Samsonite, ESR, APM , Adbri, CSR, Outsourcing

By David Blennerhassett

India pet care startup scores $15m to help first-time owners

By Tech in Asia

  • In India, demand for pets is on the rise – so much so that the country’s pet care market is estimated to reach US$1.9 billion by 2030. However, that also means an influx of first-time pet owners who don’t always know how to take care of their charges.
  • That’s where companies like Supertails come in.
  • An India-based pet care startup, Supertails addresses the needs of inexperienced owners by offering a holistic platform for pet care in India.

Prefer scores US$2M funding to take its bean-free coffee brand to Philippines | e27

By e27

  • Prefer, a bean-free coffee startup in Singapore, has raised US$2 million in seed funding led by Forge Ventures.
  • 500 Global, A*ccelerate, Better Bite Ventures, Sopoong Ventures, SEEDS Capital, Entrepreneur First, and Pickup Coffee also participated in the round.
  • The capital allows Prefer to make significant investments in growing the capacity of its production facility, expanding its ground coffee and ready-to-drink bottled beverages across Asia Pacific, starting with Singapore and the Philippines.

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Mar 03
0

Daily Brief Quantitative Analysis: TWSE Short Interest Weekly (Mar 1st): Wiwynn and more

By | Daily Briefs, Quantitative Analysis

In today’s briefing:

  • TWSE Short Interest Weekly (Mar 1st): Wiwynn, Lite-On Tech, TSMC, Shihlin Elec&Eng, Evergreen Marine

TWSE Short Interest Weekly (Mar 1st): Wiwynn, Lite-On Tech, TSMC, Shihlin Elec&Eng, Evergreen Marine

By Ke Yan, CFA, FRM

  • We analyzed the changes in short interest of TWSE Stocks as of Mar 1st which has an aggregated short interest worth USD68.0bn.
  • We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases & decreases in short value, short as multiple of ADT.
  • We highlight short interest changes in Wiwynn, Lite-On Tech, TSMC, Shihlin Elec&Eng, Evergreen Marine, Lotus.

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Mar 03
0

Daily Brief Private Markets: Singapore-based web3 startup nets $3.5m funding and more

By | Daily Briefs, Private Markets

In today’s briefing:

  • Singapore-based web3 startup nets $3.5m funding
  • NTU-incubated startup Amperesand charges ahead with funding
  • Monk’s Hill, Iterative back Vietnamese wealth management startup 1Long | e27
  • India pet care startup scores $15m to help first-time owners
  • Prefer scores US$2M funding to take its bean-free coffee brand to Philippines | e27
  • MediConCen bags US$6.85M to take its AI, blockchain-powered insurtech platform to SEA | e27
  • UNOAsia secures US$32.1M to provide digital banking services in Philippines | e27

Singapore-based web3 startup nets $3.5m funding

By Tech in Asia

  • Startale Labs, a Singapore-based Web3 startup, has raised US$3.5 million in a series A follow-up round, according to Alternatives.pe.

  • UVM Signum Blockchain Fund, Sony Network, and Samsung Next Ventures were some of the investors in the round, which was raised at a post-money valuation of US$63.5 million.

  • Founded in January 2023, Startale Labs specializes in Web3 infrastructure development. Helmed by Sota Watanabe, the company creates core infrastructure and applications for Web3 that is integrated onto the Astar Network blockchain.

NTU-incubated startup Amperesand charges ahead with funding

By Tech in Asia

  • Amperesand, a Singapore-based electrical infrastructure company, has raised over US$12.4 million in seed funding.
  • Xora Innovation, Temasek’s deeptech early-stage investment platform, co-led the round with venture capital firm Material Impact.
  • TDK Ventures, the venture arm of Japanese electronics firm TDK, also participated, along with Foothill Ventures.

Monk’s Hill, Iterative back Vietnamese wealth management startup 1Long | e27

By e27

  • The 1Long founding team 1Long, a wealth management platform in Vietnam, has received US$500,000 in a pre-seed investment round from Iterative, Monk’s Hill Ventures, R2VP, and Orionis Capital.
  • The new capital will be channelled into technology development, partnerships with asset managers and financial institutions, and strategic team expansion.
  • Also Read: ‘Resistance to digital wealth management has almost disappeared in SEA’: Bambu CEO Ned Phillips Founded by a team of former investment banking and Y Combinator-backed veterans, 1Long enables individuals to start with as little as 10,000 VND (approximately less than US$1).

India pet care startup scores $15m to help first-time owners

By Tech in Asia

  • In India, demand for pets is on the rise – so much so that the country’s pet care market is estimated to reach US$1.9 billion by 2030. However, that also means an influx of first-time pet owners who don’t always know how to take care of their charges.
  • That’s where companies like Supertails come in.
  • An India-based pet care startup, Supertails addresses the needs of inexperienced owners by offering a holistic platform for pet care in India.

Prefer scores US$2M funding to take its bean-free coffee brand to Philippines | e27

By e27

  • Prefer, a bean-free coffee startup in Singapore, has raised US$2 million in seed funding led by Forge Ventures.
  • 500 Global, A*ccelerate, Better Bite Ventures, Sopoong Ventures, SEEDS Capital, Entrepreneur First, and Pickup Coffee also participated in the round.
  • The capital allows Prefer to make significant investments in growing the capacity of its production facility, expanding its ground coffee and ready-to-drink bottled beverages across Asia Pacific, starting with Singapore and the Philippines.

MediConCen bags US$6.85M to take its AI, blockchain-powered insurtech platform to SEA | e27

By e27

  • Hong Kong-based MediConCen, a startup automating insurance claims using AI and blockchain, has raised US$6.85 million in its latest Series A round.
  • HSBC Asset Management led this round, with support from existing investors G&M Capital and ParticleX and new investor Wings Capital Ventures.
  • Also Read: Wealthtech, insurtech, SaaS fintech are the new hot verticals in Indonesia: AC Ventures report This brings MediConCen’s total raise to US$12.7 million.

UNOAsia secures US$32.1M to provide digital banking services in Philippines | e27

By e27

  • UNOAsia, the company behind UNO Digital Bank in the Philippines, has raised US$32.1 million in a pre-Series B investment round comprising equity and debt.
  • The investors include Gateway Partners, Creador Private Equity, and Nextinfinity Management.
  • This round brings UNOAsia’s total raise to approximately US$75 million.

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Mar 03
0

Daily Brief ECM: Nippon Express (9147 JP): A US$260 Million Secondary Offering and more

By | Daily Briefs, ECM

In today’s briefing:

  • Nippon Express (9147 JP): A US$260 Million Secondary Offering

Nippon Express (9147 JP): A US$260 Million Secondary Offering

By Arun George

  • Nippon Express Holdings (9147 JP) has announced a secondary offering of up to 4.8 million shares (including overallotment). There are seven selling shareholders.
  • The secondary offering comes ahead of the implementation of regulatory restrictions on truck drivers’ overtime in April 2024, which is widely known as the ‘2024 Problem’.
  • Looking at recent large Japanese placements is instructive for understanding the potential offer price. The pricing date will likely fall between 11 and 13 March (likely 11 March).

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The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
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