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 Pre-IPO – The Positives – Strong Growth Ahead with Some Big Names
- 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.
SBK Tech Ventures Leads Bangladeshi Transport Startup’s Series A
- 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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