In today’s briefing:
- StubWorld: Singtel Coming Up “Cheap” As Divestments Continue Apace
- Trax: An AI-Powered Retail Analytics Solution Provider
- Advance Intelligence Group: The Parent Company of BNPL’s Atome
- Coda Payments: Payment Solutions for Mobile Gaming Publishers
StubWorld: Singtel Coming Up “Cheap” As Divestments Continue Apace
- S&P revises its outlook for Singtel (ST SP) following a series of divestments.
- Preceding my comments on Singtel are the current setup/unwind tables for Asia-Pacific Holdcos.
- These relationships trade with a minimum liquidity of US$1mn, and a % market capitalisation >20%.
Trax: An AI-Powered Retail Analytics Solution Provider
- Trax is a retail analytics company that provides digital solutions for both consumer packaged manufacturers/brands and retailers.
- The company provides a suite of AI-powered solutions that help digitize and automate the operations of the brick-and-mortar stores.
- It was valued at $2.4bn in its last capital raise and was reported to have been preparing for a US IPO for a year.
Advance Intelligence Group: The Parent Company of BNPL’s Atome
- Advance Intelligence Group provides digital commerce and financial services across Asia through its 3 key business units – Atome Financial, Advance.AI, and Ginee.
- The company was valued at >$2bn based on its latest fund raise in September 2021.
- The BNPL industry is expected to face sector headwinds, but the company is likely in a better position than other pure-play BNPL companies, thanks to its more diversified business portfolio.
Coda Payments: Payment Solutions for Mobile Gaming Publishers
- Coda Payments provides solutions that help digital content publishers monetize their products and services.
- The company is now in >50 markets and was valued at $2.5bn based on its last capital raise in April 2022.
- With its offerings, Coda Payments is well-poised to benefit from the strong future growth in the mobile gaming sector.
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