Global Head of Research, Smartkarma

Mark Artherton

Global Head of Research

LR Research

Thematic (Sector/Industry)

In Today's Issue<table class="table table-striped"><tbody>
<tr>
<td>Area</td>
<td>Item</td>
</tr>
<tr>
<td>Economic/Commodities</td>
<td>
REMITTANCES TO INDIA ARE DOWN
BRAZIL SOYBEAN EXPORTS ARE UP
PRECIOUS METALS PRICES FLIRT WITH SUPPORT _ COULD BREAKDOWN
PEMEX MAKES SIZEABLE OIL DISCOVERY
</td>
</tr>
<tr>
<td>Policy Led</td>
<td>
SAUDI PURGE
CHINA'S PARIS OUTPERFORMANCE
PBoC LOOKING AT ITS OWN DIGITAL CURRENCY
VENEZUELA SEEKS EXTERNAL DEBT RESTRUCTURING
CHINA'S MAINLAND LAW ON THE NATIONAL ANTHEM TO APPLY TO HK AND MACAU
</td>
</tr>
<tr>
<td>Management Specific</td>
<td>
AMAZON INTO HEALTH INSURANCE IN EUROPE?
CJ CHEILJIDANG SELLING CJ HEALTH?
HDFC STANDARD…
</td>
</tr>
</tbody></table>

In Today's Issue

Area
Item


Economic/Commodities

REMITTANCES TO INDIA ARE DOWN
BRAZIL SOYBEAN EXPORTS ARE UP
PRECIOUS METALS PRICES FLIRT WITH SUPPORT _ COULD BREAKDOWN
PEMEX MAKES SIZEABLE OIL DISCOVERY



Policy Led

SAUDI PURGE
CHINA'S PARIS OUTPERFORMANCE
PBoC LOOKING AT ITS OWN DIGITAL CURRENCY
VENEZUELA SEEKS EXTERNAL DEBT RESTRUCTURING
CHINA'S MAINLAND LAW ON THE NATIONAL ANTHEM TO APPLY TO HK AND MACAU



Management Specific

AMAZON INTO HEALTH INSURANCE IN EUROPE?
CJ CHEILJIDANG SELLING CJ HEALTH?
HDFC STANDARD…




Asia and Global Semiconductor and Tech Research

Andrew Lu

Event-Driven

<h2>Summary</h2>We believe the merger news is somehow reliable as Broadcom CEO Hock Tan said at TSMC's 30th Anniversary Celebration Forum on October 23 that only strong IP portfolio and financial position can defend its market share against cloud vendors which are trying to take away semiconductor design value. Therefore, by buying Qualcomm/NXP, Broadcom can strengthen its IP portfolio into 3G/4G/5G baseband/modem, WiFi, Bluetooth, 3D sensing, NFC, and automotive semiconductor IP and enhance its…

SummaryWe believe the merger news is somehow reliable as Broadcom CEO Hock Tan said at TSMC's 30th Anniversary Celebration Forum on October 23 that only strong IP portfolio and financial position can defend its market share against cloud vendors which are trying to take away semiconductor design value. Therefore, by buying Qualcomm/NXP, Broadcom can strengthen its IP portfolio into 3G/4G/5G baseband/modem, WiFi, Bluetooth, 3D sensing, NFC, and automotive semiconductor IP and enhance its…

Broadcom Is Buying Qualcomm; Two Major Challenges Ahead to Close the Deal

Transport Sector, China and Asia-focused Research

Charles De Trenck

I am no friend of Putin or his methods. But this noise in US media on Russian influence in US elections and Russia’s manipulation of <a href="https://www.smartkarma.com/entities/665" target="_blank" data-smartkarma-citation="entities:665:1">Facebook Inc A (FB US)</a> is a witch hunt, all the while denying constant US undue influence in media of other countries.US media, social media and media tech is out of control. The ship will likely right itself…after the revolution devours its children.The revolutionaries in our story are the tools and content that media uses. For now, the people are in love with…

I am no friend of Putin or his methods. But this noise in US media on Russian influence in US elections and Russia’s manipulation of Facebook Inc A (FB US) is a witch hunt, all the while denying constant US undue influence in media of other countries.US media, social media and media tech is out of control. The ship will likely right itself…after the revolution devours its children.The revolutionaries in our story are the tools and content that media uses. For now, the people are in love with…

False Puritanism in American Media and Tech's Turbocharching of Media's Weaknesses

Equity Bottom-Up

<h2>Summary</h2>After over 50% appreciation in share price since <a href="https://www.smartkarma.com/entities/772" target="_blank" data-smartkarma-citation="entities:772:1">Mediatek Inc (2454 TT)</a> announced Dr. Rick Tsai as Co-CEO on 22 March 2017 (please see our earlier report " <a href="https://www.smartkarma.com/insights/mediatek-goes-for-tsmc-ex-ceo-dr-rick-tsai-as-co-ceo-and-raises-1q17-earnings-forecast" target="_blank" data-smartkarma-citation="insights:9520">MediaTek Goes for TSMC Ex-CEO Dr. Rick Tsai as Co-CEO and Raises 1Q17 Earnings Forecast</a> ") coupled with stronger than expected 3Q17 results, MediaTek's new 4Q17 guidance (missing sales by 4% and EPS by 18%) clearly is not strong enough to justify the recent rally. Although we are positive on Rick's long-term decision to refocus on…

SummaryAfter over 50% appreciation in share price since Mediatek Inc (2454 TT) announced Dr. Rick Tsai as Co-CEO on 22 March 2017 (please see our earlier report " MediaTek Goes for TSMC Ex-CEO Dr. Rick Tsai as Co-CEO and Raises 1Q17 Earnings Forecast ") coupled with stronger than expected 3Q17 results, MediaTek's new 4Q17 guidance (missing sales by 4% and EPS by 18%) clearly is not strong enough to justify the recent rally. Although we are positive on Rick's long-term decision to refocus on…

MediaTek's New Guidance Not Strong Enough to Justify the Recent Rally

<h2>TSMC's 30th Anniversary Celebration Forum</h2><a href="https://www.smartkarma.com/entities/11230" target="_blank" data-smartkarma-citation="entities:11230:1">Taiwan Semiconductor Mfg. Co. Ltd. (2330 TT)</a> is holding its 30th Anniversary Celebration Forum on October 23 today, inviting the key customers and supplier (which total have over US$1.2tn market cap) to join a panel discussion. The topic of the panel discussion is “Semiconductors: the Next 10 Years”. Chairman Dr. Morris Chang has personally moderated a discussion between Jensen Huang (President &amp; CEO, <a href="https://www.smartkarma.com/entities/5891" target="_blank" data-smartkarma-citation="entities:5891:1">Nvidia Corp (NVDA US)</a> ), Steve Mollenkopf (CEO…

TSMC's 30th Anniversary Celebration ForumTaiwan Semiconductor Mfg. Co. Ltd. (2330 TT) is holding its 30th Anniversary Celebration Forum on October 23 today, inviting the key customers and supplier (which total have over US$1.2tn market cap) to join a panel discussion. The topic of the panel discussion is “Semiconductors: the Next 10 Years”. Chairman Dr. Morris Chang has personally moderated a discussion between Jensen Huang (President &amp; CEO, Nvidia Corp (NVDA US) ), Steve Mollenkopf (CEO…

TSMC's 30th Anniversary Celebration - Takeaways from Panel Discussion on Semis: The Next 10 Years

United States

Alphabet, Inc. operates as a holding company. The Company, through its subsidiaries, provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce, and hardware products.

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Alphabet (GOOG US)

21 Things Worth Knowing (#8)

In Today's Issue1. Saudi Crown Prince kick starts an anti-corruption drive in a bid to cement his power. So far 11 princes, 4 ministers and a...

Mark Artherton

Broadcom Is Buying Qualcomm; Two Major Challenges Ahead to Close the Deal

SummaryWe believe the merger news is somehow reliable as Broadcom CEO Hock Tan said at TSMC's 30th Anniversary Celebration Forum on October 23 that...

Andrew Lu

False Puritanism in American Media and Tech's Turbocharching of Media's Weaknesses

I am no friend of Putin or his methods. But this noise in US media on Russian influence in US elections and Russia’s manipulation of Facebook Inc A...

Charles De Trenck

MediaTek's New Guidance Not Strong Enough to Justify the Recent Rally

SummaryAfter over 50% appreciation in share price since Mediatek Inc (2454 TT) announced Dr. Rick Tsai as Co-CEO on 22 March 2017 (please see our...

Andrew Lu

TSMC's 30th Anniversary Celebration - Takeaways from Panel Discussion on Semis: The Next 10 Years

TSMC's 30th Anniversary Celebration ForumTaiwan Semiconductor Mfg. Co. Ltd. (2330 TT) is holding its 30th Anniversary Celebration Forum on October...

Andrew Lu

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