The Week That Was in ASEAN@Smartkarma - Sea Ltd, Grab, and Selamat Sempurna
The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity...
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2023 High Conviction: Zomato - Home Delivering Laziness
Zomato is one of the largest food delivery platforms in India. It was listed in Jul 21 and after initially doubling, its shares are now trading...
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Grab: Almost No Price Reaction to a So-Called Strong Set of Results as There Is Much to Prove
Grab reported 3Q earnings before market yesterday. Though there was notable improvement in earnings and upgraded guidance, share price closed flat...
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GoTo: Large Job Cuts to Improve Financials?
Bloomberg report that GoTo is planning to cutdown about 1k jobs to improve financials. We think cutting down employee costs alone won't help,...
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FSN E-Commerce (Nykaa) Lockup Expiry - US$2.5bn Unlock with a Very Scattered Shareholding
In Nov 2021, Nykaa raised around US$720m in its India IPO, via mostly selling secondary shares. Stock worth US$2.5bn will soon come free from the...
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