08. February 2021 | 07:20 CET
Xiaomi, Marble Financial, Deutsche Telekom - you should check this!
Corona has been dominating life in Germany for a year now. Whether professionally or privately - the pandemic has already left deep scars. The number of insolvencies fell last year thanks to government Corona aid and the suspension of the obligation to file for bankruptcy despite the economic crisis. Due to the extreme backlog of insolvencies and the increase in indebted households due to the loss of thousands of jobs, it is probably unavoidable that there will be a wave of bankruptcies. Controlling one's finances will become all the more crucial.
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ISIN: CA5660551097 , KYG9830T1067 , DE0005557508
Score in the foreground
Marble Financial, an emerging Canadian fintech, is focusing on the credit scores of individuals. Twelve million Canadians are not creditworthy, according to Marble. Too weak a credit rating and too little financial knowledge are the leading causes. Using the power of machine learning and artificial intelligence, the Canadian data science Company has developed a platform, ScoreUp, that analyzes customers' financial structure and income levels and prescribes improvements using optimization tools. Consequently, the customer's credit score increases and so does the prospect of obtaining a loan from financial institutions.
Many starting points
In addition to ScoreUp, Marble Financial has other features on its platform. For example, the FastTrack program helps people reintegrate into the financial system after personal insolvency. The eLearning platform Maestro teaches interested people how to deal with household accounts, loans and money in general. The ambitious fintech's next goal is to launch a credit card cooperating with a major Canadian bank.
Last week, it announced a partnership with VoPay International Inc. to provide its open banking payment solution to thousands of MyMarble customers. The partnership, which enables new payment options for consumers, eases the process of providing a single API integration for banking service providers.
Currently, the Company is valued at just under CAD 20 million. In addition to trading in Toronto, this exciting Company can also be purchased on the German stock exchanges.
Is the same fate threatening?
The trade dispute between the US and China continues, even after the Trump era. The US published a blacklist of Chinese companies a few weeks ago. These companies are accused of stealing US intellectual property and spying on US citizens. As a countermeasure, China imposed tariffs on American products. Huawei, the largest smartphone manufacturer in China, received extremely harsh sanctions. The cell phone manufacturer was banned from using all Google services, and Android was only allowed in a particular variant. In addition, American suppliers are no longer allowed to produce Huawei's own Kirin chipsets. Another prominent Chinese smartphone manufacturer, Xiaomi, also ended up on the US blacklist. They are accused of having ties to the Chinese military. The Company's denial followed promptly. According to Xiaomi, they only make products for civilian use.
Away with the apps
It is unknown from whom the current measure originates. In any case, Xiaomi has started removing Google apps from their phones. Using a new update, the manually installed Google apps, which are not part of the country's package, will be removed automatically. The stock has been shocked by the incidents in recent days. The stock, which is traded on the Nasdaq in the US, corrected sharply from its all-time high of USD 23.20, which was reached at the beginning of January 2021, to currently USD 17.53. Due to the uncertain outlook concerning further sanctions, we currently advise against an investment. The next support area is around USD 15.00.
The decision is approaching
Since May of last year, Deutsche Telekom's chart has been stuck in a corridor between EUR 14.50 and EUR 15.50. The next support area is approaching. When will the breakout come? The figures of the subsidiary T-Mobile US did not help to break above the EUR 15.50 mark. Yet, the US subsidiary's path is fully geared to growth. T-Mobile's US revenue increased by a good 70% year-on-year to USD 20.3 billion in the fourth quarter. For the full year 2020, revenue increased by 52% to USD 68.4 billion. However, due to the costs of the merger with Sprint, which were completed in April, net profit in 2020 fell by almost 12% to USD 3.1 billion. In terms of annual targets for 2021, T-Mobile US fell short of analysts' forecasts.
Analysts optimistic for the parent company
US bank JPMorgan raised its price target for Deutsche Telekom from EUR 23.30 to EUR 24.90 and left its rating at "overweight." Analyst Akhil Dattani revised his estimates upward in a report available Friday, citing strong quarterly figures and a good outlook from subsidiary T-Mobile US. Credit Suisse also upgraded its rating on Deutsche Telekom to "outperform" following the subsidiary's figures. The Swiss have set their price target at EUR 20.00. From a chart perspective, the Telekom-share should leave the area above EUR 15.72. We see the next price target at EUR 18.00. Fundamentally, we are convinced by the stock at the current level.