In today’s briefing:
- China 2022, Live Streaming Sales Attracted User Time, But Not Advertisers
- Gigavis IPO Preview
- Samsung Electronics (005930 KS) – Bullish LT Uptrend Confirmation in Q1 2023 Implies 15-25% Upside
- HK Buybacks Q1 2023: 8 Names Are 90% of the Total – AIA, Tencent, StanChart, Greatwall the Big 4
- Binance Market Share Tumbles 16%
- Ticketmaster Debut NFT-Gated Tickets
China 2022, Live Streaming Sales Attracted User Time, But Not Advertisers
- Time spent on apps increased by 15% in China in 2022.
- In 2022, total advertising market decreased by 9%, but online advertising market increased by 1%.
- We believe online advertising market will grow significantly higher than total advertising market in 2023.
Gigavis IPO Preview
- Gigavis is offering 2.22 million shares in this IPO. The expected market cap of the IPO is from 436 billion won to 503 billion won.
- The maximum IPO offering amount is 88.1 billion won. The IPO price is between 34,400 won to 39,700 won.
- Gigavis makes automatic optical repair equipment (AOR) for the semiconductor industry.
Samsung Electronics (005930 KS) – Bullish LT Uptrend Confirmation in Q1 2023 Implies 15-25% Upside
- At TMA we deliver high probability outcomes by focusing on our 3 pillars of technical analysis. •1) Response to key levels. •2) Price action. •3) Momentum confirmation.
- LT RSI’s typically maintain a 40-80 range in sustainable uptrends and a 20-60 range in sustainable downtrends. Quarterly RSI has maintained a 45-85 range since 2001 (LT uptrend bias).
- The material correction of 2021/2022 has produced a high probability confirmation of a renewed LT uptrend (quarterly Morning Star pattern). Minimum target range at 74300/79610 (+15-25%) in the coming year.
HK Buybacks Q1 2023: 8 Names Are 90% of the Total – AIA, Tencent, StanChart, Greatwall the Big 4
- In Q1 2023, 86 different Hong Kong-listed companies bought back shares either locally or on foreign exchanges. Total buybacks were HK$22.856bn.
- 8 Companies made up 90% of the total. On average, they bought back shares 4 days out of every 10 within the quarter.
- A lot of the smaller companies doing buybacks were significant portions of their volume.
Binance Market Share Tumbles 16%
- The banking crisis and ongoing regulatory crackdown have upended crypto market structure, leaving an uncertain dynamic among the world’s largest exchanges.
- Over the past two weeks, Binance has lost 16% market share of trade volume following a CFTC lawsuit and the decision to end its zero-fee trading program.
- The exchange remains the largest in the world with 54% dominance.
Ticketmaster Debut NFT-Gated Tickets
- One of the greatest things that many believe the blockchain can unlock is a better ticketing experience.
- That’s because this specific user experience across music, sports and entertainment, in general, is yet to enter the 21st century if we’re frank.
- A recent trial by Ticketmaster however seems to show that even the industry’s biggest players are taking blockchain technology and NFTs seriously.
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