Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Bottom-Up

<ul>
 <li>
Market Leader Facing Evolving Landscape: <a href="https://smartkarma.com/entities/17live-group-limited">17LIVE</a> is a dominant live streaming platform in Japan and Taiwan, but faces intense competition and a maturing market. Its strategic pivot towards the high-growth Virtual Liver (V-Liver) segment and revenue diversification are critical for future growth.</li>
 <li>
Path to Profitability and Shareholder Returns: The company achieved its first full-year profit before tax in FY2025 since its listing, demonstrating successful cost management and operational efficiency. A focus on shareholder value is evident through its share buyback program and the initiation of dividend payments.</li>
 <li>
Strategic Focus on V-Livers and Diversification: Management has identified the V-Liver business as a key near-term growth driver, capitalizing on Japan's strong anime culture. The "<a href="https://smartkarma.com/entities/17live-group-limited">17LIVE</a> Forward Strategy"aims to diversify revenue streams beyond virtual gifting into areas like live commerce and short-form drama to build a more sustainable ecosystem.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  
Market Leader Facing Evolving Landscape: 17LIVE is a dominant live streaming platform in Japan and Taiwan, but faces intense competition and a maturing market. Its strategic pivot towards the high-growth Virtual Liver (V-Liver) segment and revenue diversification are critical for future growth.
  
Path to Profitability and Shareholder Returns: The company achieved its first full-year profit before tax in FY2025 since its listing, demonstrating successful cost management and operational efficiency. A focus on shareholder value is evident through its share buyback program and the initiation of dividend payments.
  
Strategic Focus on V-Livers and Diversification: Management has identified the V-Liver business as a key near-term growth driver, capitalizing on Japan's strong anime culture. The "17LIVE Forward Strategy"aims to diversify revenue streams beyond virtual gifting into areas like live commerce and short-form drama to build a more sustainable ecosystem.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

<ul><li>In 2025, 78 primary-listed Singapore companies repurchased S$1.91 billion in shares, a 90% increase from 2024.</li><li>17Live Group repurchased S$6.2 million shares, 3.4% of its market capitalisation, reflecting disciplined capital deployment.</li><li>Jason Marine Group's first buyback since 2015 followed a 40% revenue increase and strong project deliveries.</li></ul>

In 2025, 78 primary-listed Singapore companies repurchased S$1.91 billion in shares, a 90% increase from 2024.17Live Group repurchased S$6.2 million shares, 3.4% of its market capitalisation, reflecting disciplined capital deployment.Jason Marine Group's first buyback since 2015 followed a 40% revenue increase and strong project deliveries.

2025 Buyback Consideration Surpasses 10-year High

Smartkarma Research Team, Smartkarma

Smartkarma Research

Smartkarma Research Team

17LIVE is a leading pure-play live streaming platform in Asia with key markets in Japan and Taiwan. Its business lines include Liver live streaming, V-Liver live streaming and other businesses such as in-app games and live commerce. 17LIVE is accessible globally and has fostered a diverse live streaming ecosystem with a loyal and engaged user community, as well as a deep pool of live streamers.
The Smartkarma team spoke to 17Live's Chief Executive Officer and Executive Director, Jiang Honghui, in an exclusive corporate webinar. Honghui sheds light on the company's impressive journey and future growth outlook within the vibrant live streaming space.
You can view the webinar via the link below.

17LIVE is a leading pure-play live streaming platform in Asia with key markets in Japan and Taiwan. Its business lines include Liver live streaming, V-Liver live streaming and other businesses such as in-app games and live commerce. 17LIVE is accessible globally and has fostered a diverse live streaming ecosystem with a loyal and engaged user community, as well as a deep pool of live streamers.
The Smartkarma team spoke to 17Live's Chief Executive Officer and Executive Director, Jiang Honghui, in an exclusive corporate webinar. Honghui sheds light on the company's impressive journey and future growth outlook within the vibrant live streaming space.
You can view the webinar via the link below. 

Smartkarma Corporate Webinar Recap: 17Live’s CEO on the Live Streaming Company's Outlook

Investment Management, 8VantEdge

8VantEdge

Investment Management

8VantEdge offers a hybrid fundamental stock picking combined with algorithmic rules based on human psychology.

Thematic (Sector/Industry)

<ul>
<li>Singapore's digital entertainment sector presents a growth case anchored in three converging forces: the migration of regional media consumption from broadcast to digital platforms, the expansion of Southeast Asia's young, mobile-first consumer base, and a decade of sustained government investment in content production infrastructure, IP protection, and esports legitimisation.</li>
<li>The sector's addressable market is large and growing. Asia-Pacific screen revenues are forecast to reach US$196 billion by 2030, with online video driving all net growth at a 7% CAGR from 2025 to 2030, while Southeast Asia's video game market is projected to grow from US$5.5 billion in 2025 to US$6.47 billion by 2029. Paid streaming subscriptions across Southeast Asia surpassed 61 million in 2025, up 19% YoY.</li>
<li>Video commerce now accounts for approximately 25% of the region's ecommerce gross merchandise value (GMV), figures that together indicate a consumer base expanding and deepening its digital spending, according to the 2025 e-Conomy SEA report produced by Google, Temasek, Bain and others.</li>
</ul>


Singapore's digital entertainment sector presents a growth case anchored in three converging forces: the migration of regional media consumption from broadcast to digital platforms, the expansion of Southeast Asia's young, mobile-first consumer base, and a decade of sustained government investment in content production infrastructure, IP protection, and esports legitimisation.
The sector's addressable market is large and growing. Asia-Pacific screen revenues are forecast to reach US$196 billion by 2030, with online video driving all net growth at a 7% CAGR from 2025 to 2030, while Southeast Asia's video game market is projected to grow from US$5.5 billion in 2025 to US$6.47 billion by 2029. Paid streaming subscriptions across Southeast Asia surpassed 61 million in 2025, up 19% YoY.
Video commerce now accounts for approximately 25% of the region's ecommerce gross merchandise value (GMV), figures that together indicate a consumer base expanding and deepening its digital spending, according to the 2025 e-Conomy SEA report produced by Google, Temasek, Bain and others.


Next Level: Riding Singapore’s Digital Entertainment Scene

ASEAN Insight Provider, CrossASEAN Research

Angus Mackintosh

ASEAN Insight Provider

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Cross Asset Strategy

<ul>
<li>The past week saw insights published onn <a href="https://www.smartkarma.com/entities/pt-selamat-sempurna-tbk" target="_blank" data-smartkarma-citation="entities:10909:1" rel="noopener">Selamat Sempurna (SMSM IJ)</a>, <a href="https://www.smartkarma.com/entities/barito-renewables" target="_blank" data-smartkarma-citation="entities:40150:1" rel="noopener">Barito Renewables</a>, <a href="https://www.smartkarma.com/entities/boustead-plantations-bhd" target="_blank" data-smartkarma-citation="entities:11418:1" rel="noopener">Boustead Plantations (BPLANT MK)</a>, and <a href="https://www.smartkarma.com/entities/vertex-technology-acquisition-corporation-ltd" target="_blank" data-smartkarma-citation="entities:35394:1" rel="noopener">Vertex Technology Acquisition Corporation (VTAC SP).</a> and <a href="https://www.smartkarma.com/entities/united-overseas-bank-ltd" target="_blank" data-smartkarma-citation="entities:113:1" rel="noopener">UOB (UOB SP)</a>.</li>
<li>There were also insights in the 3Q2023 performance in Singapore, as well as a look at Singapore's monthly balance sheet, and a credit insight looking at <a href="https://www.smartkarma.com/entities/medco-energi-internasional-tbk-pt" target="_blank" data-smartkarma-citation="entities:20844:1" rel="noopener">Medco Energi (MEDC IJ)</a>. </li>
<li>The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity bottom-up, from across Southeast Asia.</li>
</ul>


The past week saw insights published onn Selamat Sempurna (SMSM IJ), Barito Renewables, Boustead Plantations (BPLANT MK), and Vertex Technology Acquisition Corporation (VTAC SP). and UOB (UOB SP).
There were also insights in the 3Q2023 performance in Singapore, as well as a look at Singapore's monthly balance sheet, and a credit insight looking at Medco Energi (MEDC IJ). 
The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity bottom-up, from across Southeast Asia.


The Week That Was in ASEAN@Smartkarma - Filters, Barito Renewables, and Vertex Technology SPAC.

Taiwan

17LIVE Group Limited operates leading live streaming platforms in Japan, Taiwan, Hong Kong, and other Asian markets. Its core products include the 17LIVE app for live streamers and V-Livers, the Wave audio live streaming product, and the live commerce solutions HandsUp and OrderPally. The company was founded in 2015 and is headquartered in Shibuya, Japan.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

17LIVE (17LIVE SP)

Primer: 17LIVE (17LIVE SP) - Aug 2026

Market Leader Facing Evolving Landscape: 17LIVE is a dominant live streaming platform in Japan and Taiwan, but faces intense competition and a...

αSK Primers

2025 Buyback Consideration Surpasses 10-year High

In 2025, 78 primary-listed Singapore companies repurchased S$1.91 billion in shares, a 90% increase from 2024. 17Live Group repurchased S$6.2...

Singapore Exchange Ltd (SGX)

Smartkarma Corporate Webinar Recap: 17Live’s CEO on the Live Streaming Company's Outlook

17LIVE is a leading pure-play live streaming platform in Asia with key markets in Japan and Taiwan. Its business lines include Liver live...

Smartkarma Research

Next Level: Riding Singapore’s Digital Entertainment Scene

Singapore's digital entertainment sector presents a growth case anchored in three converging forces: the migration of regional media consumption...

8VantEdge

The Week That Was in ASEAN@Smartkarma - Filters, Barito Renewables, and Vertex Technology SPAC.

The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity...

Angus Mackintosh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)