Global Head of Research, Smartkarma

Mark Artherton

Global Head of Research

LR Research

Thematic (Sector/Industry)

In today's issue:Off-balance sheet EU, TPP farce, Singles day bonanza, How Netflix works, hedge funds should be more conventional, eSports, peripheral Europe strength, Neural Networks for forecasting inflation, Latin Allocation, and Trump.<div class="content-highlight">1.  A TPP farce.  As we noted in 21 Things on Friday, the Canadian contingent had denied the comments from Shinzo Abe that a TPP agreement had been reached in principle.  According to sources, a side meeting at the APEC summit in Vietnam between Canada and…</div>

In today's issue:Off-balance sheet EU, TPP farce, Singles day bonanza, How Netflix works, hedge funds should be more conventional, eSports, peripheral Europe strength, Neural Networks for forecasting inflation, Latin Allocation, and Trump.1.  A TPP farce.  As we noted in 21 Things on Friday, the Canadian contingent had denied the comments from Shinzo Abe that a TPP agreement had been reached in principle.  According to sources, a side meeting at the APEC summit in Vietnam between Canada and…

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

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Bottom-Up

<div>
I visited Korea's first "unmanned" (no cashier) 7-Eleven CVS located on the 31st floor of Lotte World Tower. Although this CVS has been open to the Lotte employees in the past several months, it has only been open to the general public starting October 30th. The two major CVS related stocks in Korea including <a href="https://www.smartkarma.com/entities/3867" target="_blank" data-smartkarma-citation="entities:3867:1">Gs Retail Co Ltd (007070 KS)</a> and <a href="https://www.smartkarma.com/entities/5876" target="_blank" data-smartkarma-citation="entities:5876:1">BGF Retail Co Ltd (027410 KS)</a> have been wrecking crews in 2017 and they have been two of the worst performing stocks in the retail sector for the past six…</div>


I visited Korea's first "unmanned" (no cashier) 7-Eleven CVS located on the 31st floor of Lotte World Tower. Although this CVS has been open to the Lotte employees in the past several months, it has only been open to the general public starting October 30th. The two major CVS related stocks in Korea including Gs Retail Co Ltd (007070 KS) and BGF Retail Co Ltd (027410 KS) have been wrecking crews in 2017 and they have been two of the worst performing stocks in the retail sector for the past six…

Visit to the First "Unmanned" 7-Eleven CVS in Korea, Powered by Vein-Recognition System

<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

United States

Amazon.com, Inc. is an online retailer that offers a wide range of products. The Company's products include books, music, videotapes, computers, electronics, home and garden, and numerous other products.  Amazon offers personalized shopping services, Web-based credit card payment, and direct shipping to customers.

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Amazon (AMZN US)

21 Things Worth Knowing (#13)

In today's issue:Off-balance sheet EU, TPP farce, Singles day bonanza, How Netflix works, hedge funds should be more conventional, eSports,...

Mark Artherton

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

Visit to the First "Unmanned" 7-Eleven CVS in Korea, Powered by Vein-Recognition System

I visited Korea's first "unmanned" (no cashier) 7-Eleven CVS located on the 31st floor of Lotte World Tower. Although this CVS has been open to...

Douglas Kim

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

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