Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

<div class="content-highlight">
In this Smartkarma Original, we provide a detailed analysis of the cybersecurity disruptors in Asia and the major drivers of the cybersecurity market which are as follows:
<ul>
<li>The rise in malware &amp; cyber attacks globally</li>
<li>The fast pace of digitalization contributing to risk</li>
<li>The COVID-19 pandemic &amp; strong demand for cloud-based cyber security solutions</li>
</ul>
In this insight, we highlight 42 public and 20 private companies that are related to the cybersecurity market in five Asian countries including China, Japan, India, Korea, and Australia. The total market cap of these 42 public companies is US$347 billion. 
In addition, we discuss about the comments made about the potential global cyberattacks as explained by Klaus Schwab, the founder of the World Economic Forum. His idea is that a major global cyberattack could be worse than the COVID-19 crisis. 
If there is a world-wide cyberattack, there will be a greater pressure to immunize the global Internet with digital vaccines and antibodies to protect the society from cyberattacks and if this crisis is massive enough in terms of public health crisis, this could result in the use of emergency powers once again to justify the centralization of power and control. Of course, this is just a speculation and it is nearly impossible to know in advance if and when such a massive cyberattack will occur. 
</div>


In this Smartkarma Original, we provide a detailed analysis of the cybersecurity disruptors in Asia and the major drivers of the cybersecurity market which are as follows:

The rise in malware &amp; cyber attacks globally
The fast pace of digitalization contributing to risk
The COVID-19 pandemic &amp; strong demand for cloud-based cyber security solutions

In this insight, we highlight 42 public and 20 private companies that are related to the cybersecurity market in five Asian countries including China, Japan, India, Korea, and Australia. The total market cap of these 42 public companies is US$347 billion. 
In addition, we discuss about the comments made about the potential global cyberattacks as explained by Klaus Schwab, the founder of the World Economic Forum. His idea is that a major global cyberattack could be worse than the COVID-19 crisis. 
If there is a world-wide cyberattack, there will be a greater pressure to immunize the global Internet with digital vaccines and antibodies to protect the society from cyberattacks and if this crisis is massive enough in terms of public health crisis, this could result in the use of emergency powers once again to justify the centralization of power and control. Of course, this is just a speculation and it is nearly impossible to know in advance if and when such a massive cyberattack will occur. 


The Cybersecurity Disruptors in Asia & A Global Cyber Attack Worse than the COVID-19 Pandemic?

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Capital Markets

<ul><li>Oracle surged past the target price from our last report as the company reported yet another all-around beat.</li><li>The management saw a decent revenue growth in most of its key offerings including its cloud services, infrastructure revenues, on-premise license revenues, application revenues, and so on.</li><li>While Oracle may be lagging behind in the public cloud infrastructure market, its hybrid cloud offerings are definitely interesting and this is evident from the increasing consumption of its Oracle Cloud Infrastructure (OCI).</li></ul>

Oracle surged past the target price from our last report as the company reported yet another all-around beat.The management saw a decent revenue growth in most of its key offerings including its cloud services, infrastructure revenues, on-premise license revenues, application revenues, and so on.While Oracle may be lagging behind in the public cloud infrastructure market, its hybrid cloud offerings are definitely interesting and this is evident from the increasing consumption of its Oracle Cloud Infrastructure (OCI).

TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

TMT & Consumer Independent Equity Research Analyst

TMT & Consumer Independent Equity Research

Obex Capital Research

“Obex” is Latin for Barriers to Entry. Obex Capital Management’s investment philosophy is driven by an intense focus on which business model’s Barriers to Entry are able to withstand the ever increasing competitive disruption in the TMT and Consumer Sectors.

Equity Bottom-Up

In between earnings seasons, we are trying to catch up on the flurry of TMT IPOs over the past few months that have caught our eye. Why Digital Ocean? We're pretty big Amazon bulls cause of AWS, so when we heard there was this mini-AWS that the developer community swears by, had 30%+ EBITDA margins, was accelerating growth by growing dollar retention rates and ARPUs...we had to learn more. Strikes us at the type of business that could be a 5 to 10-bagger over the next year or two. <div class="content-highlight">Obex’s fundamental research process is focused on secular change in the TMT and Consumer sectors. We seek to differentiate between fundamental business analysis and security analysis. Before deciding if a security’s pricing and positioning merit a long or short position, we analyze the four pillars of business fundamentals (Secular Factors, TAM, Competitive Advantage, Business Model) in order to determine if this is a “good” or “not so good” opportunity.</div>

In between earnings seasons, we are trying to catch up on the flurry of TMT IPOs over the past few months that have caught our eye. Why Digital Ocean? We're pretty big Amazon bulls cause of AWS, so when we heard there was this mini-AWS that the developer community swears by, had 30%+ EBITDA margins, was accelerating growth by growing dollar retention rates and ARPUs...we had to learn more. Strikes us at the type of business that could be a 5 to 10-bagger over the next year or two. Obex’s fundamental research process is focused on secular change in the TMT and Consumer sectors. We seek to differentiate between fundamental business analysis and security analysis. Before deciding if a security’s pricing and positioning merit a long or short position, we analyze the four pillars of business fundamentals (Secular Factors, TAM, Competitive Advantage, Business Model) in order to determine if this is a “good” or “not so good” opportunity.

Value Investing

Vladimir Dimitrov, CFA

<ul>
<li>Contrary to the prevalent opinion a year ago, Oracle outperformed its peers since I first covered the stock in October of last year.</li>
<li>The company has one of the most profitable business models in the cloud space, while top line growth rate is accelerating.</li>
<li>In spite of Oracle's strong service offering and high profitability, its valuation remains conservative given the likelihood of higher growth next year.</li>
</ul>


Contrary to the prevalent opinion a year ago, Oracle outperformed its peers since I first covered the stock in October of last year.
The company has one of the most profitable business models in the cloud space, while top line growth rate is accelerating.
In spite of Oracle's strong service offering and high profitability, its valuation remains conservative given the likelihood of higher growth next year.


Oracle - Don't Fall Victim To Recency Bias

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Algosun Global

<a href="https://www.smartkarma.com/entities/freshworks-inc" target="_blank" data-smartkarma-citation="entities:34147:1" rel="noopener">Freshworks (FRSH US)</a> , a leading provider of cloud-based customer engagement software, filed for a $100 million placeholder IPO. Form S-1 starts with a founder letter, where Mr. Girish Mathrubootham describes the vision of a company: “What if we can create an iPhone moment in business software by blending existing technology with unified, intuitive, and delightful experiences? Just as the iPhone freed users from the hassles of carrying separate devices, we envision a new product experience that breaks down data silos and creates unified experiences”. Freshworks has applied to list shares of Class A common stock on the Nasdaq Global Select Market under the symbol “FRSH”. Morgan Stanley, J.P. Morgan and Bank of America are lead underwriters on the IPO.

Freshworks (FRSH US) , a leading provider of cloud-based customer engagement software, filed for a $100 million placeholder IPO. Form S-1 starts with a founder letter, where Mr. Girish Mathrubootham describes the vision of a company: “What if we can create an iPhone moment in business software by blending existing technology with unified, intuitive, and delightful experiences? Just as the iPhone freed users from the hassles of carrying separate devices, we envision a new product experience that breaks down data silos and creates unified experiences”. Freshworks has applied to list shares of Class A common stock on the Nasdaq Global Select Market under the symbol “FRSH”. Morgan Stanley, J.P. Morgan and Bank of America are lead underwriters on the IPO.

Freshworks IPO Preview. India’s First SaaS Unicorn

United States

Oracle Corporation supplies software for enterprise information management. The Company offers databases and relational servers, application development and decision support tools, and enterprise business applications. Oracle's software runs on network computers, personal digital assistants, set-top devices, PCs, workstations, minicomputers, mainframes, and massively parallel computers.

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Oracle Corp (ORCL US)

The Cybersecurity Disruptors in Asia & A Global Cyber Attack Worse than the COVID-19 Pandemic?

In this Smartkarma Original, we provide a detailed analysis of the cybersecurity disruptors in Asia and the major drivers of the cybersecurity market.

Douglas Kim

Oracle Corporation - Investment Thesis

Oracle surged past the target price from our last report as the company reported yet another all-around beat. The management saw a decent revenue...

Baptista Research

Recent IPO Insights: Digital Ocean

Why Digital Ocean? When we heard there was this mini-AWS that the developer community swears by, had 30%+ EBITDA margins, was accelerating net...

Aaron Gabin

Oracle - Don't Fall Victim To Recency Bias

Contrary to the prevalent opinion a year ago, Oracle outperformed its peers since I first covered the stock in October of last year. The company...

Vladimir Dimitrov, CFA

Freshworks IPO Preview. India’s First SaaS Unicorn

We expect the high investor demand for Freshworks IPO as SaaS unicorn may disrupt CRM market by breaking down the silos of marketing, sales, and...

Andrei Zakharov

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