Mid-market focused investment bank within SE Asia, Evolve Capital Advisory Pte Ltd

Evolve Capital Research

Mid-market focused investment bank within SE Asia

Evolve Capital Advisory Pte Ltd

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/iwow-technology-ltd" target="_blank" data-smartkarma-citation="entities:36147:1" rel="noopener">IWOW Technology Ltd (IWOW SP)</a> is a one-stop end-to-end wireless IoT technology provider specialising in offering vertically integrated solutions and a telecommunications infrastructure solutions provider.</li>
<li>IWOW uses open and proprietary wireless communication technologies to create customized Internet-of-Things (IoT) solutions for consumers which connect devices and sensors to cloud application servers for a variety of applications.</li>
<li>The firm reported its 1H26 results on 10th Nov 2025. In this note, we provide an update on its 1H26 earnings.</li>
</ul>



IWOW Technology Ltd (IWOW SP) is a one-stop end-to-end wireless IoT technology provider specialising in offering vertically integrated solutions and a telecommunications infrastructure solutions provider.
IWOW uses open and proprietary wireless communication technologies to create customized Internet-of-Things (IoT) solutions for consumers which connect devices and sensors to cloud application servers for a variety of applications.
The firm reported its 1H26 results on 10th Nov 2025. In this note, we provide an update on its 1H26 earnings.


IWOW Technology - 1H26 Earnings Update - Limited Near-Term Catalysts, but Net Cash Still a Positive

Asia Real Estate News Tracker, Asia Real Estate Tracker

Asia Real Estate Tracker

Asia Real Estate News Tracker

Tracking developments across Asia's regional real estate markets

Thematic (Sector/Industry)

<ul><li>The 12th Asia Property Awards for Greater China recognized exceptional accomplishments in real estate.</li><li>CDL successfully sold the Sentosa Shopping Centre in Singapore for a substantial $75 million.</li><li>Real estate investment in the Asia-Pacific region surged by 25% in Q3, driven by Australia and Korea.</li></ul>

The 12th Asia Property Awards for Greater China recognized exceptional accomplishments in real estate.CDL successfully sold the Sentosa Shopping Centre in Singapore for a substantial $75 million.Real estate investment in the Asia-Pacific region surged by 25% in Q3, driven by Australia and Korea.

Asia Real Estate Tracker (17-Dec-2025): Trailblazers Recognized at 12th Asia Property Awards

Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

<ul><li>Maybank lowers Sembcorp's target price to $5.65 following Alinta deal.</li><li>JPMorgan predicts Singapore equities will hit new highs by 2026 through value initiatives.</li><li>Morningstar boosts SGX fair value to $15, cites strong trading but warns of overvaluation.</li></ul>

Maybank lowers Sembcorp's target price to $5.65 following Alinta deal.JPMorgan predicts Singapore equities will hit new highs by 2026 through value initiatives.Morningstar boosts SGX fair value to $15, cites strong trading but warns of overvaluation.

Singapore Market Roundup (17-Dec-2025): Maybank cuts Sembcorp's target price to $5.65 after

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

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<li>
<a href="https://www.smartkarma.com/entities/humm-group" target="_blank" data-smartkarma-citation="entities:35366:1" rel="noopener">Humm Group (HUM AU)</a> disclosed that on 19 November, it received an indicative proposal from <a href="https://www.smartkarma.com/entities/credit-corp-group-ltd" target="_blank" data-smartkarma-citation="entities:12691:1" rel="noopener">Credit Corp (CCP AU)</a> consisting of a scheme (A$0.77) and an off-market takeover offer (A$0.72). </li>
<li>The scheme has a low chance of success, and the takeover offer’s 50.1% minimum acceptance condition will prove problematic. The lack of due diligence signals the Board’s reluctance to engage.</li>
<li>The tardy disclosure is primarily intended to distract from Jeremy Raper’s attempt to mount a Board spill. This is essentially a long-dated backend play on Raper successfully spilling the Board.   </li>
</ul>



Humm Group (HUM AU) disclosed that on 19 November, it received an indicative proposal from Credit Corp (CCP AU) consisting of a scheme (A$0.77) and an off-market takeover offer (A$0.72). 
The scheme has a low chance of success, and the takeover offer’s 50.1% minimum acceptance condition will prove problematic. The lack of due diligence signals the Board’s reluctance to engage.
The tardy disclosure is primarily intended to distract from Jeremy Raper’s attempt to mount a Board spill. This is essentially a long-dated backend play on Raper successfully spilling the Board.   


Humm Group (HUM AU): Credit Corp’s NBIO Belatedly Disclosed to Distract from a Potential Board Spill

Founder, CEO, GSBR Research

Garvit Bhandari

Founder, CEO

Leading Provider of Equity and Investment Research

GSBR Research

We are an independent equity research provider focused on covering global markets. The aim of the research is to provide an unbiased view of the fundamentals of the company.

<ul>
<li>Comcast-Versant separation creates two focused businesses, with Comcast retaining broadband and infrastructure assets while Versant operates standalone cable networks and digital platforms.</li>
<li>The spin-off to be completed on January 2, 2026. When-issued trading began on Dec 15, 2025, while regular way trading to commence from January 5, 2026.</li>
<li>Overall, separation enhances transparency, improves peer comparability, and offers investors differentiated exposure across media and connectivity assets.</li>
</ul>


Comcast-Versant separation creates two focused businesses, with Comcast retaining broadband and infrastructure assets while Versant operates standalone cable networks and digital platforms.
The spin-off to be completed on January 2, 2026. When-issued trading began on Dec 15, 2025, while regular way trading to commence from January 5, 2026.
Overall, separation enhances transparency, improves peer comparability, and offers investors differentiated exposure across media and connectivity assets.


Comcast (Nasdaq: CMCSA) To Spin-Off Versant Media on January 2

IWOW Technology - 1H26 Earnings Update - Limited Near-Term Catalysts, but Net Cash Still a Positive

iWOW Technology reported its 1H26 results on 10th Nov 2025. In this note, we provide an update on its 1H26 earnings as well as share some of our...

Evolve Capital Advisory Pte Ltd

Asia Real Estate Tracker (17-Dec-2025): Trailblazers Recognized at 12th Asia Property Awards

The 12th Asia Property Awards honored real estate excellence, while CDL sold Sentosa Shopping Centre for $75M, and Asia-Pacific investment surged...

Asia Real Estate Tracker

Singapore Market Roundup (17-Dec-2025): Maybank cuts Sembcorp's target price to $5.65 after

Maybank cuts Sembcorp's target price to $5.65. JPMorgan forecasts new highs for Singapore equities by 2026. Morningstar raises SGX fair value to...

Singapore Market Roundup

Humm Group (HUM AU): Credit Corp’s NBIO Belatedly Disclosed to Distract from a Potential Board Spill

A binding proposal, if forthcoming at current terms, is unlikely to succeed. Humm is essentially a long-dated backend play on Jeremy Raper's...

Arun George

Comcast (Nasdaq: CMCSA) To Spin-Off Versant Media on January 2

Comcast-Versant separation creates focused businesses, enhancing transparency and offering investors differentiated exposure across media and...

GSBR Research

IWOW Technology - 1H26 Earnings Update - Limited Near-Term Catalysts, but Net Cash Still a Positive

iWOW Technology reported its 1H26 results on 10th Nov 2025. In this note, we provide an update on its 1H26 earnings as well as share some of our...

Evolve Capital Advisory Pte Ltd

Asia Real Estate Tracker (17-Dec-2025): Trailblazers Recognized at 12th Asia Property Awards

The 12th Asia Property Awards honored real estate excellence, while CDL sold Sentosa Shopping Centre for $75M, and Asia-Pacific investment surged...

Asia Real Estate Tracker

Singapore Market Roundup (17-Dec-2025): Maybank cuts Sembcorp's target price to $5.65 after

Maybank cuts Sembcorp's target price to $5.65. JPMorgan forecasts new highs for Singapore equities by 2026. Morningstar raises SGX fair value to...

Singapore Market Roundup

Humm Group (HUM AU): Credit Corp’s NBIO Belatedly Disclosed to Distract from a Potential Board Spill

A binding proposal, if forthcoming at current terms, is unlikely to succeed. Humm is essentially a long-dated backend play on Jeremy Raper's...

Arun George

Comcast (Nasdaq: CMCSA) To Spin-Off Versant Media on January 2

​Comcast-Versant separation creates focused businesses, enhancing transparency and offering investors differentiated exposure across media and...

GSBR Research

Comcast-Versant separation creates focused businesses, enhancing transparency and offering investors differentiated exposure across media and...