Asia Ex-J Consumer/ Transport analyst

Valerie Law, CFA

Equity Bottom-Up

In part 3 of this series, I will elaborate on how AORA’s ICO could be a catalyst and why I think it is likely to be a success. I have divided this article into six parts:
<ol>
<li>Y Ventures’ platform tied to its ICO is not ‘separate’ from its existing business</li>
<li>Its unique approach to e-commerce via its AORA platform has some value propositions for both buyers and merchants.</li>
<li>A commitment to announce material developments and stay compliant</li>
<li>Favourable market environment for ICOs so far</li>
<li>Key Partnerships</li>
<li>Conclusions 
</li>
</ol>

In part 3 of this series, I will elaborate on how AORA’s ICO could be a catalyst and why I think it is likely to be a success. I have divided this article into six parts:

Y Ventures’ platform tied to its ICO is not ‘separate’ from its existing business
Its unique approach to e-commerce via its AORA platform has some value propositions for both buyers and merchants.
A commitment to announce material developments and stay compliant
Favourable market environment for ICOs so far
Key Partnerships
Conclusions 



Y Ventures Group: A Potential to Double (Part 3)

Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

On Tuesday morning in the US, <a href="https://www.smartkarma.com/entities/787" target="_blank" data-smartkarma-citation="entities:787:1">Alibaba Group Holding Ltd (BABA US)</a> announced it would work with its 51%-owned logistics subsidiary CaiNiao Network to take a 10% stake in express delivery specialist <a href="https://www.smartkarma.com/entities/23628" target="_blank" data-smartkarma-citation="entities:23628:1">ZTO Express (ZTO US)</a> for US$1.38 bn. Shares of ZTO jumped by as much as 15% ahead of the New York open.We will write more on this transaction and its significance as more details become available, but for now we believe investors should bear in mind two key points:1. Investment from BABA Has Not Helped…

On Tuesday morning in the US, Alibaba Group Holding Ltd (BABA US) announced it would work with its 51%-owned logistics subsidiary CaiNiao Network to take a 10% stake in express delivery specialist ZTO Express (ZTO US) for US$1.38 bn. Shares of ZTO jumped by as much as 15% ahead of the New York open.We will write more on this transaction and its significance as more details become available, but for now we believe investors should bear in mind two key points:1. Investment from BABA Has Not Helped…

Alibaba+CaiNiao to Take 10% Stake in ZTO Express

<ul class=""><li>SingPost's revenue segments continued to see revenue growth, but the issue still lies with profits.</li></ul><div class="content-caption">SingPost's 4Q revenue by key segments:</div><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/052/004/original/SingPost%204Q%20revenues.png?1526026988" class="editor-image img-responsive" data-smartkarma-image-id="52004"></figure><ul class="">
<li>This is despite narrower losses at its eCommerce division for the full year (FY17/18 EBIT  of -SGD 16.7m Vs FY16/17 EBIT of SGD -33.8m), and better revenues from its Postal segment.</li>
<li>The main drag came from its logistics segment (where operating profits halved) and thinner profits at its Postal segment (because international cross-border deliveries yields…</li>
</ul>

SingPost's revenue segments continued to see revenue growth, but the issue still lies with profits.SingPost's 4Q revenue by key segments:
This is despite narrower losses at its eCommerce division for the full year (FY17/18 EBIT  of -SGD 16.7m Vs FY16/17 EBIT of SGD -33.8m), and better revenues from its Postal segment.
The main drag came from its logistics segment (where operating profits halved) and thinner profits at its Postal segment (because international cross-border deliveries yields…


Negatives Mostly Factored In, but SingPost Hasn't Delivered Much (Part 2)

Despite its recent wobbles, shares of <a href="https://www.smartkarma.com/entities/787" target="_blank" data-smartkarma-citation="entities:787:1">Alibaba Group Holding Ltd (BABA US)</a> posted impressive performance over the last year, rising by 80% since February 21 2017. But for investors attempting to gain exposure to the BABA juggernaut, buying shares of smaller BABA investee companies (and other companies that tout close relationships with BABA) generally hasn't worked over the last year.The chart below shows BABA's performance over the last year versus a selection of seven "Alibaba-adjacent"…

Despite its recent wobbles, shares of Alibaba Group Holding Ltd (BABA US) posted impressive performance over the last year, rising by 80% since February 21 2017. But for investors attempting to gain exposure to the BABA juggernaut, buying shares of smaller BABA investee companies (and other companies that tout close relationships with BABA) generally hasn't worked over the last year.The chart below shows BABA's performance over the last year versus a selection of seven "Alibaba-adjacent"…

'Alibaba-Adjacent' Investing Really Didn't Work Over the Last Year

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.

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The Home Grown Leaders of Singapore’s Industrials Sector

Singapore

Singapore Post (SingPost) is a leading postal and eCommerce logistics provider in Asia Pacific. It offers national and international postal services, warehousing, fulfillment, international freight forwarding, and last-mile delivery, alongside mail delivery, post office services, and financial services. Headquartered in Paya Lebar, Singapore, the company traces its origins to 1858.

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Singapore Post (SPOST SP)

Y Ventures Group: A Potential to Double (Part 3)

In part 3 of this series, I will elaborate on how AORA’s ICO could be a catalyst and why I think it is likely to be a success. I have divided this...

Valerie Law, CFA

Alibaba+CaiNiao to Take 10% Stake in ZTO Express

On Tuesday morning in the US, Alibaba Group Holding Ltd (BABA US) announced it would work with its 51%-owned logistics subsidiary CaiNiao Network...

Daniel Hellberg

Negatives Mostly Factored In, but SingPost Hasn't Delivered Much (Part 2)

SingPost's revenue segments continued to see revenue growth, but the issue still lies with profits. This is despite narrower losses at its...

Valerie Law, CFA

'Alibaba-Adjacent' Investing Really Didn't Work Over the Last Year

Despite its recent wobbles, shares of Alibaba Group Holding Ltd (BABA US) posted impressive performance over the last year, rising by 80% since...

Daniel Hellberg

The Home Grown Leaders of Singapore’s Industrials Sector

Singapore Exchange Ltd (SGX)

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