Daily Brief Industrials: Hanwha Aerospace, iMotion Automotive Technology, Jatri and more

In today’s briefing:

Launch of Starlink Service by SpaceX – Impact on 11 Korean Companies
IMotion Automotive Technology Pre-IPO – The Positives – Strong Growth Ahead with Some Big Names
SBK Tech Ventures Leads Bangladeshi Transport Startup’s Series A

Launch of Starlink Service by SpaceX – Impact on 11 Korean Companies

The Starlink service is expected to be launched in Korea in 2Q/3Q 2023. Starlink gained more than 1 million active subscribers globally as of December 2022.
The launch of the Starlink service in Korea is likely to have a positive impact on companies such as Hanwha Aerospace, Solu-M, Intellian Technologies, and Satrec Initiative.
We like a pair trade involving long (basket of 8 stocks above that are positively impacted by Starlink launch in Korea) and short (three major Korean telcos).

IMotion Automotive Technology (1812706D CH) is looking to raise about US$300m in its upcoming HK IPO.
The company possesses advanced full-stack R&D capabilities including self-developed algorithms and hardware-software co-design capabilities. It provides two AD domain controller product lines, and the self-designed iDC series.
In this note, we talk about the positive aspects of the deal.

Bangladesh’s mass transit system relies heavily on buses, but commuters often face challenges such as overcrowded vehicles, inconsistent fares, and premium charges.
Jatri seeks to address these issues by digitalizing and modernizing the country’s public transportation industry.
With the help of technology, the company provides bus operators and owners with a single dashboard that syncs with all vehicles in the network. It also digitalizes information, streamlines processes, and improves resource allocation.

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