Daily Brief TMT/Internet: LG CNS, Taiwan Semiconductor (TSMC) – ADR, Taiwan Semiconductor (TSMC), Intel Corp, StubHub Holdings, Oracle Corp, Computer Modelling and more

• KOSPI 200 is a Korean blue-chip index that tracks the 200 largest and most-liquid names listed in the KOSPI section of the Korea Exchange (KRX). It’s popular.
• Inside, we look at the names likely to become ADDs and DELs during the upcoming semiannual review in December 2025. We see up to 6 ADDs and 6 DELs.
• There are 1.5 pairs I like here even though we have weeks left. One is “surer” than the other, but they both work fundamentally.

• TSMC: +24.4% Premium: Remains at Level to Short the ADR Spread
• ASE: 0.0% (Parity); Open Fresh Longs Here or at a Discount
• ChipMOS: -1.9% Discount; Near Level to Go Long the Spread

• 1-Week directional forecast for the Asian indices and stocks we track, based on our proprietary probability model.
• OVERBOUGHT:  Samsung Electronics (005930 KS) , Taiwan Semiconductor (TSMC) (2330 TT) , Softbank Group (9984 JP) , HSI Index , KOSPI 200 INDEX , Nikkei 225 .
• OVERSOLD: BYD Company (1211 HK) , S&P/ASX 200 INDEX .

• Why does Intel Corp (INTC US)’s current CFO state “Intel will use TSMC basically forever”? 
• From Taiwan Semiconductor (TSMC) – ADR (TSM US)’s perspective, they have always maintained a “no competition with customers” principle.  
• Another question remains: who will adopt Intel’s 14A technology in 2027-28?  

• StubHub Holdings, the world’s leading live event marketplace, is expected to price its initial public offering on Tuesday.
• The 20+ times oversubscribed offering may raise up to ~$850M at the high end of the range at $25.00 per share.
• The American online ticketing giant plans to use net proceeds from the offering to repay ~$550M of existing indebtedness outstanding.

• Last week at SEMICON, TSMC unveiled COUPE, moving silicon photonics from lab demos into industrial-scale advanced packaging.
• Himax, ASE, Zhen Ding, GlobalWafers, ACON, and Accton form Taiwan’s listed ecosystem for silicon photonics adoption.
• As NVIDIA Corp (NVDA US)-driven AI clusters proliferate, the power and cost of moving data between chips have become as constraining as compute itself.

• Oracle is on a mission to rival the Big Three cloud providers and its cloud ambitions are part of a theme that will determine GDP growth in the US and globally as a whole.
• They are guiding for a 10x revenue increase in cloud computing in just four years which would transform Oracle Cloud from a nobody with 3% market share to a leading player with a business larger than AWS is today.
• Most importantly, this guidance is based on contracted revenue, i.e. revenue that their customers (most importantly OpenAI) basically only can get out by declaring bankruptcy.

Key points (machine generated)

• CMG specializes in unconventional reservoir simulation software for oil and gas, with a CAD570 million market cap and 65-70% recurring revenue.
• The company is transforming into a commercially-focused entity, influenced by major shareholder Edgepoint Investment Group and Constellation Software’s heritage.
• Recent acquisitions have diversified CMG’s offerings and increased revenue past CAD100 million, but the company faced a 45% stock value drop in FY2025 due to declining oil prices.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.