Smartkarma is a global investment research network, made up of independent Insight Providers who produce, curate, and publish unbiased intelligence for institutional investors. We reinvent research by providing differentiated, independent analysis on companies, markets, and industries across the world. This includes areas under-reported by mainstream market coverage, including Event-Driven, IPOs & placements, and small/mid cap equities. Smartkarma’s online platform allows the buy-side to set their own real-time alerts, customise their reading lists, directly contact Insight Providers, and remain MiFID II-compliant as unbundling regulations change the investment research industry. For more information, visit our website or request a demo.
The Time for the Virtual AGM Is Now. Here’s Why Your Company Should Consider Taking It Online
The Month the World Stood Still – A Novice Small Business Guide to Avoiding a Long Recession
As COVID-19 spreads around the globe, several governments find themselves at a crossroads, having to weigh between public health and the economic costs of a total shutdown.
Coronavirus: Crisis and Opportunity in China’s Economy
How the South Korea-Japan Summit Could Ease Market Tensions in the Region
At South Korea-Japan summit in Chengdu, China in December, President Moon will sit down with Prime Minister Shinzo Abe and the two sides will try and heal the rift between them. What comes out of the summit is anyone’s guess at this point.
Elon Musk Is a Fan of the GPIF’s Decision to Curb Short Selling. Others, Not so Much
When Japan’s Government Pension Investment Fund (GPIF) announced the suspension of lending foreign shares this past week, people who dislike short selling rejoiced. None more so than Elon Musk, which is not hard to imagine; Tesla has been the target of short sellers for almost as long as it’s been public.
The New Year’s Message for Corporate IR Engaging the Buy-Side: Keep Talking
Corporate access has come a long way in the last decade, especially after sweeping changes brought about by regulations like MiFID II.
Singles’ Day Isn’t the Only Reason Why Alibaba’s Hong Kong Listing Is Timely
This latest Single’s Day was no exception, drawing in a record US$38 billion worth of sales – although the day’s annual sales growth continued slowing as it has done for the past years and disappointed co-founder Jack Ma.On the back of (a still pretty successful) Singles’ Day, NYSE-listed Alibaba has moved closer to its long-awaited secondary listing in Hong Kong. The company is now set to start trading in Hong Kong on 26 November, to raise US$13.4 billion.
Brief M&A: TOTAL to Take a Stake in Adani Gas and More
TikTok Creator ByteDance Defies China Tech Slowdown as It Goes After Facebook’s Crown
A big part of Facebook’s current troubles has to do with the company’s dominant position in the social networking space. In fact, until ByteDance and its strange little app, TikTok, came along, it was hard to find a crack in Facebook’s armour.
What Companies Going Public Can Learn from WeWork’s IPO Disaster
Depending on how you look at it, WeWork’s botched IPO was a brutal failure… and a resounding success. No, it’s not some quantum paradox nor a case of Schrödinger’s Listing. There’s no question that WeWork should never have tried going public in its current state.
The Rise of Company-Sponsored Research Benefits Neither Investors Nor Companies
Of all the ills the market has blamed MiFID II for, the drop in research diversity and quality is up there in the rankings. But is company-sponsored research the answer? Specifically, a large part of the consensus has focused on the drop in quality and quantity of research on small- and mid-cap firms.
Why Alternative Data Is the Latest Power Tool on the Investor’s Belt
Alternative data is nothing new in the world of finance. Analysts and industry watchers have always relied on non-financial inputs that have an impact on financial developments. The weather, spending habits, fashion trends, popular hangouts, social unrest: Any one and all of those datasets can affect economic activity and gives analysts context on top of traditional financial information, like a company’s earnings or market data.
Investment Banks Want to Sell Research to Corporates but They Face a Changing Market
Investment banks provided a range of services to their buy-side clients, bundling a bunch of those services together (investment research included), and pocketing some tidy sums in commission fees. They certainly didn’t have to worry about selling sell-side research separately, much less look for new clients, like corporates – which is what they are doing now.
The Direct Listing Has Shaken Up Public Markets. What’s Next?
Brief TMT & Internet: Huaneng Renewables Targeted Amidst Clean Energy Privatisations and more
Digital Banking Licensees in Singapore Are Uniquely Placed for Regional Opportunity
UNIZO: At ¥4300+, RiskArb Odds Are NOT Ever In Your Favor and More
Unizo Holdings (3258 JP) has a bid from a White Knight. It got four of them – another of which was also at ¥4000/share, but Unizo chose Fortress.
Brief TMT & Internet: Cloudflare IPO Preview and More
CloudFlare (NET US) is expected to complete its IPO in the New York Stock Exchange in the next few weeks. Cloudflare provides websites protection from cyberattacks as well as services and software that speed up content delivery, and cloud-based networking.
What You Need to Know About Asset World, Potentially Thailand’s Biggest-Ever IPO
Most investors probably don’t get to learn much about IPOs in markets like Thailand, unless they have experience in the region or access to reliable sources of information. So when an IPO like Asset World Corporation (AWC) comes along, which is sure to attract interest from outside the country, it’s useful to have visibility on the ground.
More Demand for Regulation and Transparency in the Cards as MiFID II Heads towards 2020 and Beyond
More than a year into MiFID II’s lifespan, the market hasn’t really decided whether it welcomes or hates the directive. In some ways, it’s not hard to see why.Legislators envisioned MiFID II as a way to usher in more transparency in the investment industry, preventing practices like opaque trading and cryptic fee schemes.
WeWork’s Problematic IPO Has Analysts Seeing Red
WeWork, which moved one step closer to IPO last week, touts creativity and inspiration as part of the intangible value that supposedly makes the co-working company stand out from the crowd.It’s definitely providing some creativity and inspiration to analysts who are looking over the IPO. Some choice examples come from Insight Providers publishing on Smartkarma:“We cannot even fathom the contortions that would be necessary to articulate a path to profitability here,” writes Mio Kato in his quantamental analysis.
Shareholder Activism in M&A Is on the Rise. Here Are 5 Things Companies Must Keep in Mind
Echoing increasing shareholder activism worldwide, a rising trend in global markets this year has been activist campaigns with an M&A thesis. New campaigns in the first half of 2019 are fewer relative to the same period last year, according to a report by Lazard. But the financial advisory firm notes that close to half of those campaigns were M&A-driven, showing that activist investors guide such deals more and more.
Central Banks Around the World Go Dovish as Fed Signals Rate Cuts
As global recession concerns mount, Central Banks around the world are going the way of the dove. Their actions aim to bolster a faltering economy in their home turf and worldwide, much like they have done in the past. All eyes this month are on the US Federal Reserve, or Fed, which has all but confirmed it will cut rates at the end of this month.