Daily Brief TMT/Internet: Ansarada Group Ltd, Zhejiang Taimei Medical Technology Co Ltd, Douzone Bizon, Bharti Hexacom, Quantum Computing , Rightmove PLC, Gogo Inc and more

• Virtual room provider Ansarada Group Ltd (AND AU) has entered into a Scheme with Datasite, a leading global SaaS provider acquired by UK-based PE outfit CapVest Partners in 2020. 
• Datasite is offering A$2.50/share, in cash, a 19% premium to undisturbed and a lifetime high. 
• Apart from requiring Ansarada shareholder approval, the Scheme is conditional on FIRB and the carving out of certain assets to Ansarada’s CEO. This transaction should complete in early June.

• Zhejiang Taimei Medical Technology Co Ltd (1482194D CH) is looking to raise >US$100m in its upcoming Hong Kong IPO. The bookrunners on the deal are Morgan Stanley and CICC.
• Zhejiang Taimei Medical Technology (ZTMT) is a digital solution provider for the life sciences R&D and commercialization sector.
• As per the CIC report in the application proof, the firm was the largest digital solution provider for life sciences R&D and commercialization in China in terms of 2022 revenue.

• Douzone Bizon’s results turned around strongly in 2023. It had sales of 353.6 billion won (up 16.2% YoY) and operating profit of 68.4 billion won (up 50.4% YoY) in 2023.
• The company plans to release software platforms with artificial intelligence capable functions in 1Q 2024. 
• The sharp increase in the share price and market cap of Douzone Bizon raises the probability of the company being included in the KOSPI 200 rebalance in 2024.

• Bharti Hexacom is looking to raise up to US$1bn in its upcoming India IPO. 
• Bharti Hexacom (BH) is a communications solutions provider offering consumer mobile services, fixed-line telephone and broadband services to customers in the Rajasthan and the North East telecommunication circles in India.
• In this note, we talk about the positive aspects of the deal.

• The size of the quantum computing market depends on which source you consult and how it defines the market.
• The average CAGR is 29% for a billion-dollar market, hitting $4- 6 billion in 2030.
• Quantum computing is a new type of computing that uses the principles of quantum mechanics to solve problems that are too complex for traditional computers. 

Key points (machine generated)

• In 2008, Thistle933 successfully pitched Rightmove to investors despite a challenging real estate market.
• Rightmove’s business model, market position, and earnings power remained strong, leading to a compounded annual growth rate of 22% since the pitch.
• However, recent underperformance by Rightmove’s stock is attributed to competitor CoStar’s acquisition of OnTheMarket, resulting in a 15% decline in RMV’s stock and a lower five-year compounded annual growth rate of 2.5%.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Key points (machine generated)

• Gogo boasts a unique and extensive infrastructure, including over 250 ground-based towers, providing strong coverage and high-quality connectivity to private jet passengers.
• The company’s stock price has been undervalued due to concerns about competition from Starlink, execution issues with its 5G service, and investor perceptions associated with its divested commercial aviation business.
• However, Gogo is actively addressing these concerns and has a clear growth trajectory. As cash flows increase after completing investments in 5G and low-Earth orbit services, the stock could potentially triple in value by 2026. The company’s dominant market position and durable competitive advantages contribute to low downside risks.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.