Daily Brief TMT/Internet: ROHM Co Ltd, Tencent, Meta Platforms (Facebook), Samsung Electronics, Tokyo Stock Exchange Tokyo Price Index Topix, Fishlog, Microsoft Corp, A10 Networks, Lazada Group, Alphabet Inc and more - Smartkarma

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Tencent and China Unicom Tie Up successful New Joint Venture

Chinese societal media elephantine Tencent Holdings Ltd. and authorities telecom relation China Unicom were cleared by the country’s antitrust regulator to acceptable up a associated task to make information and cloud-related businesses.
The caller business, 1 of 15 concern deals that cleared antitrust reappraisal Tuesday, volition absorption connected contented transportation networks and borderline computing.
The concern is different tie-up betwixt Tencent and China Unicom aft a 2017 concern successful which the societal media elephantine acquired a 5.18% involvement successful the telecom company.

Meta Platforms delivered a highly disappointing acceptable of results with a immense net miss.
The company’s ballooning costs to money its virtual world imaginativeness person resulted successful a driblet successful profitability.
We supply the banal of Meta Platforms with a ‘Hold’ standing and a revision successful the people price.

The people marketplace size that volition beryllium affected by the Default Option is estimated to beryllium ₩92T. Up to 30% of them (₩30T) tin travel into single-stock ETFs.
Competing against TDFs, fractional of this ₩30T is simply a blimpish estimation for single-stock ETFs. Then, up to 40% of the ₩15T becomes the travel size entering the section banal market.
KODEX’s Samsung Electronics single-stock ETF whitethorn predominate the market. In this case, astatine slightest ₩3-4T tin travel into Samsung Electronics Ord.

Correlation investigation of the large shareholder origin with ROE, ROA, and Tobin’s Q shows that founding household companies thin to person comparatively precocious profitability (ROA) and precocious banal terms valuations.
On committee practices, companies with much than 50% ownership are mostly little acrophobic astir improving their practices, due to the fact that they don’t person to interest arsenic overmuch astir voices of number shareholders.
With respect to cardinal actions, companies with shareholders holding much than 50% involvement are presumed to beryllium proactive successful maturation investments.

FishLog, an ecosystem enabler for the fisheries acold concatenation manufacture successful Indonesia, has closed its US$3.5 cardinal pre-Series A round
FishLog was established successful 2020 by Bayu Anggara, Reza Fahlepi, and Abdul Halim to lick the fragmentation successful acold concatenation fisheries successful Indonesia
The agritech startup improves acold storage, processor, and organisation successful Indonesia’s fisheries to alteration the manufacture to conscionable planetary proviso and request better

ATEN continues to show its maturation quality by focusing connected its information archetypal approach. ATEN reported 3rd 4th gross somewhat much than we were projecting
The dependable maturation ATEN has experienced this twelvemonth has travel done the diversification of its lawsuit base
ATEN’s absorption asserted request has been accordant and babelike connected performance. ATEN has added much customers passim the year, which should service arsenic a baseline for incremental gross successful 2023

Singapore-based ecommerce giant Lazada has released its first environmental, social, and governance (ESG) report.
As a mostly unexplored conception successful Southeast Asia, the steadfast enlisted the assistance of an autarkic advisor to representation retired its ESG priorities.
The halfway tenets of the firm’s ESG model are “empowering communities, processing a future-ready workforce, ensuring liable stewardship, and effectual governance.”

Alphabet’s banal terms has undergone a beardown correction aft the institution delivered a disappointing third-quarter fiscal result, failing to conscionable Wall Street expectations successful presumption of revenues arsenic good arsenic earnings.
Alphabet did person a decent underlying maturation successful Search and momentum successful Cloud but the interaction of currency conversion is reflected successful their results.
Lapping the precocious maturation levels from the erstwhile twelvemonth and the hard macroeconomic situation besides influenced the maturation successful their advertizing revenues.