In today’s briefing:
- Yamada Denki (9831) – GINORMOUS Buyback 2/3 Done. Stock Price Reaction Limited.
- China Internet Weekly (9Jan2023): Ant Group, Alibaba, Tencent, ByteDance, China Literature
- Ant Group Completed Equity Structure Adjustment
- Perfectly Imperfect
Yamada Denki (9831) – GINORMOUS Buyback 2/3 Done. Stock Price Reaction Limited.
- Yamada Denki (9831 JP) has bought back nearly 16% of shares out ex-Treasury in the 7.5 months since last fiscal year earnings were announced. It went limit up on Day1.
- Then it stopped – despite the buyback being 15% of expected volume every day for a year and a HUGE piece of Real World Float.
- There is 8% left to buy at current prices – 16-18% of volume the next 4.5mos. And it is still a dirt cheap capital structure and somewhat sticky shareholder structure.
China Internet Weekly (9Jan2023): Ant Group, Alibaba, Tencent, ByteDance, China Literature
- A state-owned company invested in Ant Group, which boosted Alibaba’s stock price.
- Tencent obtained five new game licenses in December, three of which are imported games.
- China Literature’s daily active users increased by 80% in 2022 and reached the historical high.
Ant Group Completed Equity Structure Adjustment
- CBIRC approved the capital replenishment plan of RMB10.5bn of Ant CFC on Dec 30, 2022
- Under the regulatory guidance, Ant Group needs to complete a multifaceted rectification plan
- After the fund raising, Ant Group’s next step is to obtain FHC license and credit bureau license
Perfectly Imperfect
- Artificial Intelligence (AI) and Deep Learning Applications are all the rage, primarily thanks to the likes of OpenAI’s ChatGPT being used for text and Dall-E being used to generate digital images.
- ChatGPT’s popularity has soared, reaching a user base of 1 million users in 5 days, and OpenAI itself is benefiting from the surge in users, now valued at $29 Billion.
- Investors are already looking for the next wave of AI products that can make a big splash and potentially disrupt legacy industries.
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