In today’s briefing:
- Biren Technology IPO: China’s “NVIDIA Moment” and The Rise of a Homegrown AI Chip Champion
- A/H Premium Tracker (Wk to 19 Dec 2025): Hs Underperform Again, Beautiful Skew Behaving Badly
- HK Connect SOUTHBOUND Flows (Wk To 19 Dec 2025) – Lower Activity, Net Buying, but High-Div SOEs Sold
- CSAI: WTR Small-Cap Spotlight Recap – AI Comes to Video Surveillance; See More, Act Faster
- (17 Dec 2025) Prodelight <5580> — Fisco Company Research
Biren Technology IPO: China’s “NVIDIA Moment” and The Rise of a Homegrown AI Chip Champion
- Biren Technology, a Shanghai-based fabless chip design company that develops intelligent processors for GPU and DSA computation architectures, filed to go public in Hong Kong.
- Biren Technology was founded in 2019 by CEO & Chairman Mr. Wen Zhang, who previously worked at AI software company SenseTime Group Inc.
- This is a red-hot upcoming IPO to watch, in my view. Moore Threads and MetaX Integrated Circuits have recently raised $1.1B and ~$600M in their public share offerings in Shanghai.
A/H Premium Tracker (Wk to 19 Dec 2025): Hs Underperform Again, Beautiful Skew Behaving Badly
- Hs within the liquid AH pair universe UNDER-performed As on average by 0.87%. Beautiful Skew behaved BADLY. Spreads were a bit all over the place.
- Quiddity H/A Portfolio performance slightly positive (+11-13bp). Low H/A “beta” helps. Stay the Beautiful Skew course.
- The data tables below update daily in the Tools section of Smartkarma. The Southbound Flow Monitor and AH Pairs Monitor are both there – free for all SK readers.
HK Connect SOUTHBOUND Flows (Wk To 19 Dec 2025) – Lower Activity, Net Buying, but High-Div SOEs Sold
- HK$82bn+/Day of gross SOUTHBOUND activity last week vs HK$90+bn the week before. Gross flows are winding down. Net rebounded to +HK$16bn.
- Relatively high div low vol SOEs were net sold. Again. This is getting heavy. It matters because some have less international buying support (they are Trump military names).
- The data tables below update daily in the Tools section of Smartkarma. The Southbound Flow Monitor and AH Pairs Monitor are both there – free – for all SK readers.
CSAI: WTR Small-Cap Spotlight Recap – AI Comes to Video Surveillance; See More, Act Faster
- Proactive AI plus human intervention is the core differentiator. Compared with legacy configurations that primarily capture and display video, Cloudastructure’s cloud-based AI reviews site activity continuously, filters signal from noise, and escalates actionable events to trained remote guards who “talk down” intruders via integrated speakers, supporting a reported ~98% deterrence rate.
- Scale drives efficiency and coverage quality.
- The platform processes ~8 million videos daily. AI triage lets each guard monitor 50-70 camera feeds versus ~10 for traditional setups, improving response times and eliminating gaps from fatigue or shift changes.
(17 Dec 2025) Prodelight <5580> — Fisco Company Research
Key points (machine generated)
- Prodelight, listed on the Tokyo Stock Exchange under ticker 5580, expects significant profit growth by August 2026.
- The company offers voice solution services, including the cloud PBX system ‘INNOVERA’ and IP line services.
- Prodelight aims to support telework and digital transformation in telephony, with new mobile communication equipment launching in fiscal year 2025.
This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
