In today’s briefing:
- StubWorld: Singtel Coming Up “Cheap” As Divestments Continue Apace
- China Internet Weekly (5Aug2022): Tencent, NetEase, S.F., Baidu, IQ
- Trax: An AI-Powered Retail Analytics Solution Provider
- Advance Intelligence Group: The Parent Company of BNPL’s Atome
- Zoom Video Communication: The Solvvy Acquisition & Other Drivers
- Coda Payments: Payment Solutions for Mobile Gaming Publishers
- Twilio Inc: The Twilio Engage CX Offering & Other Drivers
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%.
China Internet Weekly (5Aug2022): Tencent, NetEase, S.F., Baidu, IQ
- NetEase will start its first game studio in Europe after setting up two studios in the U.S.
- Tencent and Sony invested minor shareholding in a Japanese game developer.
- In 1H22, S.F. Holding’s revenue grew dramatically and its margins improved significantly.
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.
Zoom Video Communication: The Solvvy Acquisition & Other Drivers
- Zoom had a mixed result with below par revenues though it did manage to post an earnings beat.
- Though the online business had a low number of new subscriptions, renewals online improved which was a silver lining.
- The platform strategy of Zoom is performing quite well, with Zoom Phone and Zoom Rooms being the vital components.
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.
Twilio Inc: The Twilio Engage CX Offering & Other Drivers
- Twilio had a pretty good performance in this quarter and surpassed Wall Street expectations on all fronts.
- The company believes that this tool is the foremost growth solution that is built on the CDP (Customer Data Platform).
- The Syniverse transaction concluded in the quarter will prove beneficial to the company in the long term.
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