In today’s briefing:
- EQD | Introducing the Market Reversal Matrix (MRM): Predict Trend Reversal with Bayesian Models
- Black Sesame Pre-IPO Tearsheet
- China Designer of AI-Based Self-Driving Chips Files for Hong Kong IPO
EQD | Introducing the Market Reversal Matrix (MRM): Predict Trend Reversal with Bayesian Models
- A market-timing device that classifies historical trend patterns/reversals in “buckets”, to generate a “matrix” showing the market’s average trend reversal “behavior” at the end of each trend “type”.
- A purely statistical approach: using Bayesian Models to determine the probability of DAILY or WEEKLY trend reversal at precise LONG/SHORT support prices at fixed points in time.
- The analogy with the game of Blackjack: knowing the probability of a trend reversal can be 30% or 90% (not always =50%) can be a significant edge for the investor.
Black Sesame Pre-IPO Tearsheet
- Black Sesame International Holdings (BSIH) is looking to raise around US$300m in its upcoming Hong Kong IPO. The deal will be run by CICC and Huatai.
- BSIH is an automotive-grade computing SoC and SoC-based intelligent vehicle solution provider.
- In terms of shipment of automotive-grade high-computing power SoCs in 2022, it was the third largest provider globally, according to Frost & Sullivan.
China Designer of AI-Based Self-Driving Chips Files for Hong Kong IPO
- Black Sesame International Holding Ltd., a Xiaomi-backed designer of artificial intelligence-based self-driving computing chips, has filed for a Hong Kong IPO
- Black Sesame, which also counts Tencent Holdings Ltd. and SAIC Motor Corp. Ltd. among its major investors, plans to use the IPO proceeds mainly to develop system-on-a-chip (SoC) designs and software for intelligent vehicles in the next three years.
- Bloomberg in January reported that the company expects to raise $200 million through the share sale, citing people familiar with the matter.
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