JP Morgan Asset Sees Opportunities in Japan Internet Sector

(Bloomberg) — JP Morgan Asset Management’s outperforming Japan equity fund sees growth opportunities in the information and communications sector as the country lags in adopting key tools like e-commerce and digital payment.

Loading...

Load Error

The firm’s $6.6 billion Japan Equity Fund is up 39% so far this year, beating almost all of its peers, according to data compiled by Bloomberg. The Topix index rose 3.1% over the same period. The fund’s success has stemmed from its investments in stocks related to e-commerce and other areas that benefited from pandemic-induced demand, according to Alexander Treves, an investment specialist at the asset manager.

“Although people have an image of Japan as a high-tech society, the penetration rate of internet, e-commerce and digital payment is quite low compared to other countries,” Treves said. “We find lots of businesses in this place which aren’t cyclically attractive, but have multi-year growth prospects.”



chart: Japan Equity Fund return beats most peers


© Bloomberg
Japan

Read More

Emirates Sees 2022 Return of Jumbo A380s as Travel Recovers

(Bloomberg) — Emirates sees a sharp recovery in demand for air travel next year as coronavirus vaccines are distributed around the world, meaning the carrier’s full fleet of jumbo Airbus SE A380 jets could return to the skies by early 2022.



a large passenger jet sitting on top of a runway: An Emirates airplane, the double-decker Airbus A380 at Amsterdam Schiphol International Airport.


© Photographer: NurPhoto/NurPhoto
An Emirates airplane, the double-decker Airbus A380 at Amsterdam Schiphol International Airport.

Progress on the production and transportation of inoculations should be evident by the second quarter of next year, President Tim Clark said in an interview with Bloomberg TV on Wednesday. That will lead to a release in pent-up demand “across all segments” led by those who have had to shelve travel plans during the pandemic, he said.

Loading...

Load Error

“I can see demand for travel moving at pace,” Clark said. “My own view, and it’s always an optimistic view, is by end of next calendar year or the first quarter of 2022 we’ll have

Read More

Dell sees sales above estimates on booming demand for remote-work tools

FILE PHOTO: The logo for Dell Technologies Inc. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2019. REUTERS/Brendan McDermid

(Reuters) – Dell Technologies Inc forecast current-quarter sales above market expectations as a pandemic-driven shift to remote work and learning powered demand for its desktops and notebooks, helping it post a surprise rise in third-quarter revenue.

The company said, on an earnings call with analysts on Tuesday, that it expects fourth-quarter revenue to rise 3% to 4% sequentially, implying a range between $24.18 billion and $24.42 billion, compared with analysts’ average expectation of $23.09 billion.

The PC maker’s shares were last up marginally in volatile after-market trading, as adjusted earnings matched Wall Street expectations of $2.03 per share.

Consumers and businesses are spending on notebooks at a rate Dell has not seen in over a decade, according to

Read More

Sportsdigita’s software, used by major sports teams, sees growth during pandemic

Angelina Lawton

Source: John Wagner

Sportsdigita, an all-in-one cloud-based presentation software company owned by former National Hockey League executive Angelina Lawton, sees opportunity amid the pandemic as sports teams conduct business online instead of in person.

The company, which counts the Chicago Bears, Los Angeles Lakers, Boston Red Sox, Pittsburgh Steelers and New York Yankees among its clients, is raising $10 million to $25 million in Series A funding. It may use some of the money it rasies to acquire smaller firms that have been hurt financially by Covid-19.

Sportsdigita is a subscription-based software company that’s seen growth since Covid-19 halted in-person meetings. It offers customized presentations and integrates video conferencing and presentation software. It competes with other services, like Microsoft PowerPoint and Microsoft Teams, both of which are included in an Office subscription.

But Sportsdigita considers itself “PowerPoint on steroids” because its Digideck software offers customized presentations for sports

Read More

When AI sees a man, it thinks “official.” A woman? “Smile”

When AI sees a man, it thinks “official.” A woman? “Smile”

Sam Whitney (illustration), Getty Images

Men often judge women by their appearance. Turns out, computers do too.

When US and European researchers fed pictures of members of Congress to Google’s cloud image recognition service, the service applied three times as many annotations related to physical appearance to photos of women as it did to men. The top labels applied to men were “official” and “businessperson”; for women they were “smile” and “chin.”

“It results in women receiving a lower status stereotype: that women are there to look pretty and men are business leaders,” says Carsten Schwemmer, a postdoctoral researcher at GESIS Leibniz Institute for the Social Sciences in Köln, Germany. He worked on the study, published last week, with researchers from New York University, American University, University College Dublin, University of Michigan, and nonprofit California YIMBY.

The researchers administered their machine vision test to Google’s artificial intelligenceimage service and those

Read More

Holy TV Founder Sees Religion As A Social (Media) Experience

Mona Bijoor gained widespread notoriety for the wholesale tech company JOOR, which she founded in 2009 and ran as CEO for nearly a decade, revolutionizing the wholesale experience for high-end retailers like Neiman Marcus, The Row, Jimmy Choo, and more. She also authored the book Startups and Downs: The Secrets of Resilient Entrepreneurs, which became a bestseller and further cemented Bijoor as a formidable entrepreneur with savvy for making marketplace businesses profitable.

 Now, Bijoor has shifted her sights to something entirely different: faith. This year, Bijoor launched HolyTV, a community platform for religious and spiritual connection that’s open to anyone with any belief system, from Christians and Muslims to astrology enthusiasts. The platform includes its own search-engine network that allows users to connect with their chosen faith organization or institution, all of which are able to upload content for their followers

Read More

ADVA Optical Networking SE (OTCMKTS:ADVOF) Sees Significant Increase in Short Interest

ADVA Optical Networking SE (OTCMKTS:ADVOF) was the recipient of a large growth in short interest in the month of October. As of October 30th, there was short interest totalling 3,800 shares, a growth of 1,800.0% from the October 15th total of 200 shares. Based on an average daily trading volume, of 26,400 shares, the short-interest ratio is presently 0.1 days.

Several research firms recently commented on ADVOF. Zacks Investment Research downgraded shares of ADVA Optical Networking from a “buy” rating to a “hold” rating in a research note on Thursday. Commerzbank AG (CBK.F) upgraded shares of ADVA Optical Networking from a “reduce” rating to a “hold” rating in a research report on Monday, July 20th.

Shares of OTCMKTS ADVOF opened at $7.20 on Monday. The business has a fifty day moving average price of $7.67 and a two-hundred day moving average price of $7.42. The stock has a market capitalization

Read More

Foxconn Sees Apple iPhone 12 Boost After Q3 Profit Beat

Foxconn Technology Group  (FXCNY) , the world’s biggest electronics manufacturer and Apple Inc.’s  (AAPL) – Get Report most important supplier, posted stronger-than-expected third quarter profits and forecast solid revenues for the coming year amid an expected jump in post-pandemic demand for new smartphones and laptops. 

Foxconn, formally known as Hon Hai Precision Industry Co. Ltd., said net profits for its September quarter rose 1% to T$30.8 billion, or just under $1.1 billion, and came in ahead of analysts’ forecasts of a T$28.6 billion tally.  Group revenues fell 7% from last year to T$1.29 billion, Foxconn said, while profit margins improve by 20 basis points to 2.39%.  

Foxconn said it sees current-quarter revenues within a range of -3% to +3% when compared to last year, but notes that 2021 sales will grow by around 10% amid what it sees as strong demand for consumer electronics in general

Read More

Destination Tee Time Booker And SaaS Provider Golfscape Sees Growth Opportunities In Multiple Markets

With early data on Pfizer’s
PFE
coronavirus vaccine sparking optimism that a return to normal may be just around the corner, the travel golf industry is one space that looks poised to gain from months of pent up demand.

“While golf has proven to be a safe and socially distant activity for local golfers during the pandemic, a vaccine in distribution would be a boon for golf tourism and further accelerate customer demand in our industry,” said Golfscape CEO and co-founder Raghad Mukhaimer.

Golfscape, an international tee-time reservation platform which also sells cloud-based booking management software, services over 300 golf courses in 30+ destinations across Europe, Africa, the Near East, and Asia-Pacific regions. Last year Golfscape eclipsed the one million rounds booked milestone and earned just shy of a million dollars in

Read More