Thematic Investing in Tech and Media, CM Research

Cyrus Mewawalla

Thematic Investing in Tech and Media

Thematic TMT investing

CM Research

CM Research is an independent research house based in London, England. We provide global thematic research in the Technology, Media and Telecoms (TMT) sectors. 

Our focus is on disruptive technologies: how will they unfold; which industries will be impacted; and who will be the ultimate winners and losers. 

Our aim is to help investors predict share prices and corporate executives stay one step ahead of the technology trends that are shaping their industry. 

We research technology investment themes in detail and then feed the results into a scorecard system to quantify the impact of several conflicting themes on individual stocks. 

Recent themes covered include internet TV, the Internet of Things, Big Data, Mobile payments, crowdfunding, artificial intelligence, the cloud, software defined networking and Generation Hashtag.

We cover the top 500 global TMT stocks by market capitalisation and several technology start-ups and pre-IPO companies too. 

In 2015, CM Research analysts outperformed the Bloomberg Benchmark Analyst Index - which measures how good analysts are at predicting stock prices - by 7.1%.

Thematic (Sector/Industry)

The mega-themes that will drive earnings in the global tech hardware space over the next 12 to 24 months are: artificial intelligence, the Cloud, internet of things, digital media, fintech, advanced manufacturing, macroeconomic issues and regulation.Below, we split these “umbrella” themes into over 30 sub-themes and summarise their impact on the consumer electronics sector worldwide.

The mega-themes that will drive earnings in the global tech hardware space over the next 12 to 24 months are: artificial intelligence, the Cloud, internet of things, digital media, fintech, advanced manufacturing, macroeconomic issues and regulation.Below, we split these “umbrella” themes into over 30 sub-themes and summarise their impact on the consumer electronics sector worldwide.

Korea / Special Situations, Clepsydra Capital

Sanghyun Park

Korea / Special Situations

Event-Driven

I was asked about this interesting question that there may be a dynamic around the prefs being bought back faster than the common. That is, SamE may want to buy back more prefs as they are more accretive to common shareholders. Well, what do I make of this view? I actually agree with it. I mean, although it is hard to pinpoint an occurrence of this dynamic, there have been some evidences based on which we can at least try to argue that this dynamic has played a role (at least partial) in the SamE common-pref spread this year.

I was asked about this interesting question that there may be a dynamic around the prefs being bought back faster than the common. That is, SamE may want to buy back more prefs as they are more accretive to common shareholders. Well, what do I make of this view? I actually agree with it. I mean, although it is hard to pinpoint an occurrence of this dynamic, there have been some evidences based on which we can at least try to argue that this dynamic has played a role (at least partial) in the SamE common-pref spread this year.

Samsung Electronics - Dynamics Around Pref Being Bought Back Faster than Common

Asia and Global Semiconductor and Tech Research

Andrew Lu

<h2>Qualcomm says "NO" to Broadcom</h2>After we have highlighted two major challenges (antitrust scrutiny issue and Qualcomm's shareholders to ask much more) ahead in our earlier report " <a href="https://www.smartkarma.com/insights/broadcom-is-buying-qualcomm-two-major-challenges-ahead-to-close-the-deal" target="_blank" data-smartkarma-citation="insights:15027">Broadcom Is Buying Qualcomm; Two Major Challenges Ahead to Close the Deal</a> " dated 5 November 2017, <a href="https://www.smartkarma.com/entities/969" target="_blank" data-smartkarma-citation="entities:969:1">Qualcomm Inc (QCOM US)</a> today announced its board of directors unanimously rejected <a href="https://www.smartkarma.com/entities/998" target="_blank" data-smartkarma-citation="entities:998:1">Broadcom Limited (AVGO US)</a> 's unsolicited proposal due to the followings.<ul><li>
Undervalue: Significantly undervalues Qualcomm for its leadership…</li></ul>

Qualcomm says "NO" to BroadcomAfter we have highlighted two major challenges (antitrust scrutiny issue and Qualcomm's shareholders to ask much more) ahead in our earlier report " Broadcom Is Buying Qualcomm; Two Major Challenges Ahead to Close the Deal " dated 5 November 2017, Qualcomm Inc (QCOM US) today announced its board of directors unanimously rejected Broadcom Limited (AVGO US) 's unsolicited proposal due to the followings.
Undervalue: Significantly undervalues Qualcomm for its leadership…

Qualcomm Says "NO" To Broadcom; Raise Price with a Proxy Fight?

Global Head of Research, Smartkarma

Mark Artherton

Global Head of Research

LR Research

In this issue:Machine Learning as a  moat,  Mexico's lack of debt problem, JD.com surprising Q3, CIMB loses customer data, Jardine complicates Vinamilk, Data trading in Shanghai, a study on monetary leakage in the EU, Uber selling a stake?,  unwanted green lines for iPhone X,  and Seasteading.<div class="content-highlight">1.  Uber makes an announcement about <a href="https://www.smartkarma.com/entities/315" target="_blank" data-smartkarma-citation="entities:315:1">Softbank Group Corp (9984 JP)</a>  has agreed to take a stake in the company.  The amount is rumoured to be up to USD10bn, though Softbank retains the right to walk away…</div>

In this issue:Machine Learning as a  moat,  Mexico's lack of debt problem, JD.com surprising Q3, CIMB loses customer data, Jardine complicates Vinamilk, Data trading in Shanghai, a study on monetary leakage in the EU, Uber selling a stake?,  unwanted green lines for iPhone X,  and Seasteading.1.  Uber makes an announcement about Softbank Group Corp (9984 JP)  has agreed to take a stake in the company.  The amount is rumoured to be up to USD10bn, though Softbank retains the right to walk away…

Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

<ul><li>In 2016 volume sales of large cooking appliances grow by 2% to 2.1 million units</li><li>Built-in large cooking appliances contribute to wider category growth thanks to the strong supply of new apartments in South Korea</li><li>Built-in hobs the best performing category with volume growth of 3%</li><li>Average unit price declines by 1% in current terms in 2016</li><li>Haatz Co remains the leading player with a 37% share of volume sales</li><li>Over the forecast period large cooking appliances set to post a volume CAGR of 1% to exceed sales of 2.2 million units in 2021</li></ul>

In 2016 volume sales of large cooking appliances grow by 2% to 2.1 million unitsBuilt-in large cooking appliances contribute to wider category growth thanks to the strong supply of new apartments in South KoreaBuilt-in hobs the best performing category with volume growth of 3%Average unit price declines by 1% in current terms in 2016Haatz Co remains the leading player with a 37% share of volume salesOver the forecast period large cooking appliances set to post a volume CAGR of 1% to exceed sales of 2.2 million units in 2021

Sector Capsule: Large Cooking Appliances in South Korea

South Korea

Samsung Electronics Co., Ltd. manufactures a wide range of consumer and industrial electronic equipment and products such as semiconductors, personal computers, peripherals, monitors, televisions, and home appliances including air conditioners and microwave ovens. The Company also produces Internet access network systems and telecommunications equipment including mobile phones.

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Samsung Electronics (SMSD LI)

Tech Hardware Themes

The mega-themes that will drive earnings in the global tech hardware space over the next 12 to 24 months are: artificial intelligence, the Cloud,...

CM Research

Samsung Electronics - Dynamics Around Pref Being Bought Back Faster than Common

I was asked about this interesting question that there may be a dynamic around the prefs being bought back faster than the common. That is, SamE...

Sanghyun Park

Qualcomm Says "NO" To Broadcom; Raise Price with a Proxy Fight?

Qualcomm says "NO" to BroadcomAfter we have highlighted two major challenges (antitrust scrutiny issue and Qualcomm's shareholders to ask much...

Andrew Lu

21 Things Worth Knowing (#14)

In this issue:Machine Learning as a moat, Mexico's lack of debt problem, JD.com surprising Q3, CIMB loses customer data, Jardine complicates...

Mark Artherton

Sector Capsule: Large Cooking Appliances in South Korea

In 2016 volume sales of large cooking appliances grow by 2% to 2.1 million units Built-in large cooking appliances contribute to wider category...

Euromonitor International Ltd.

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