Luckin Coffee (瑞幸咖啡) IPO Trading Strategies
Luckin Coffee (LK US)'s IPO was priced at US$17 per ADS, the top of its price range and was further upsized to 33m ADS compared to 30m previously....
921 Views
Tencent Music (TME): Paying User Growth Tumbled in Both Business Lines, 32% Downside
The paying user growth in Social Entertainment Services declined significantly to 13% YOY in 1Q19 versus 23% YOY in 4Q18 (Exhibit 3). The music...
948 Views
Tencent Music 1Q19 Results Quick Take and the Looming US$4.85bn Lock-Up Overhang
Tencent Music Entertainment (TME US) reported its 1Q19 results post US market closing. The reason I have been tracking the 1Q19 and the 4Q18...
692 Views
Tencent Music: A Case of Failing to Live up to Hyped Expectations
One word to describe Tencent Music Entertainment's (TME US) first conference call post IPO is uninspiring. Management does not provide concrete...
633 Views
Tencent Music (TME): Problems Come from Corporate Clients and In-House Contents, 35% Downside
Stripping music subscription revenues, we find TME’s revenues from corporate clients are not stable. We believe in-house products will negatively...
881 Views