Emerging Market Stock Digest: Bengo.com continues to rise, FunPep falls sharply Posted: 2024/09/02 15:20[フィスコ] – Minkabu

*15:20JST Emerging Market Stock Digest: Bengo.com continues to rise, FunPep falls sharply FLN 2016 +400
Soaring, hitting the daily limit. The company announced the establishment of a new company, “Regional Revitalization AI Technologies,” which will engage in regional revitalization projects using generative AI technology, development and verification of advanced AI technology, and AI-centered reskilling and learning projects, which has been well received. The new company was established to accelerate the use of generative AI technology and the accumulation of know-how, and to contribute to further regional revitalization. While utilizing FLN’s know-how and structure, the company will take advantage of being a separate corporation to flexibly promote its business by acquiring new technologies, recruiting personnel, and forming alliances with other companies.

Selling online advertising 1561 +21
The stock price continues to rise. After the close of trading on the 30th, the company announced a downward revision of its full-year earnings forecast for the fiscal year ending July 2024. This led to selling in response to the negative reaction, but the early selling has now been bought back. The company revised its sales forecast from 1.15 billion yen to 766 million yen, and its operating profit and loss from a profit of 45 million yen to a loss of 370 million yen. The company cited a decline in the cost-effectiveness of advertising for some major clients, which led to a review of advertising content, resulting in a decrease in the amount of performance-based advertising. The company also stated that its earnings forecast for the fiscal year ending July 2025 is expected to be in the black. The company also announced a postponement of the establishment of a subsidiary.

Piers 866 +5
The stock price continued to rise. After the close of trading on the 30th, the company announced that it had underwritten a portion of Interstellar Technologies’ third-party allotment of new shares, which is viewed as positive news. IST is aiming to be the first Japanese company to vertically integrate its rocket and satellite businesses, and to become a comprehensive space infrastructure company that aims to solve global issues through space transportation and space utilization. As part of the company’s CVC business, the company said it invested in the space business because it believes it will be a field that will drive the new normal in the future.

FunPep 203 -33
A sharp drop. The company announced that it had obtained a patent in the United States for an anti-IgE antibody-inducing peptide. The patent broadly protects peptide vaccines (anti-IgE antibody-inducing peptides) that consist of the company’s unique functional peptide “AJP001” and an epitope (a short peptide recognized by antibodies, etc.) of the target protein IgE. The company is currently developing pharmaceuticals for the anti-IgE antibody-inducing peptide FPP004X, with the primary indication being hay fever, a social problem. However, the stock price has only responded to a limited extent, with selling prevailing in response to concerns that the company was designated a daily announcement stock on August 30th.

Rena Science 365 +8
The stock price continues to rise. After the close of trading on the 30th, the company announced that it had signed a joint development agreement with Taipei Medical University (TMU)-Biotech Co., Ltd. (Taiwan) for the research, development and commercialization of programmable medical devices (SaMD), which is being viewed as a positive factor. TMU-Biotech is a wholly owned subsidiary of Taipei Medical University (TMU) whose goal is to commercialize medical seeds researched and developed at TMU. Through this joint research and development agreement, the company and TMU will work together to commercialize the SaMD pipeline that utilizes AI in both Japan and Taiwan.

Bengo.com 3380 +80
Continued rise. The announcement that they have begun offering an integrated AI legal research tool equipped with Legal Brain has been well received. They have successfully developed a core technology called “Legal Brain” that incorporates their proprietary legal database called “Legal Graph,” and say that by using this, they will be able to provide legal services with unprecedented convenience. This is their first product equipped with Legal Brain, and they are offering an integrated AI legal research tool that can “extract and organize legal points” and “collect information.”

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