Actionable Insights, Assured Alpha, ANTYA Investments

ANTYA Investments

Actionable Insights, Assured Alpha

Investing That Empowers You

ANTYA Investments Inc., regulated by the Ontario Securities Commission, is registered to provide wealth management services in Canada. ANTYA manages institutional, and high net-worth client portfolios on a discretionary basis. Our investment philosophy embraces a Core-Satellite approach.  The core of the portfolio is chosen from a group of fifteen asset classes. A few stock specific asymmetrical investment opportunities comprise the satellite segment. ANTYA invests only in global, large capitalization, and investment grade companies.  

Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/26970" target="_blank" data-smartkarma-citation="entities:26970:1">Meituan Dianping (3690 HK)</a> appears to have side stepped the slowdown in the Chinese economy by posting a robust set of numbers. While on a YoY basis the trends are unambiguously positive, QoQ numbers suggest a challenging 2019 is in store. Ultimately it will be a trade-off between user incentive spending and transaction growth. MD users are currently transacting at a rate that is 2.8x that of <a href="https://www.smartkarma.com/entities/22014" target="_blank" data-smartkarma-citation="entities:22014:1">Just Eat PLC (JE/ LN)</a> users in the UK. MD is subsidising its users with billions of RMB annually, whereas Just Eat Plc is generating free cash flow.</p>

Meituan Dianping (3690 HK) appears to have side stepped the slowdown in the Chinese economy by posting a robust set of numbers. While on a YoY basis the trends are unambiguously positive, QoQ numbers suggest a challenging 2019 is in store. Ultimately it will be a trade-off between user incentive spending and transaction growth. MD users are currently transacting at a rate that is 2.8x that of Just Eat PLC (JE/ LN) users in the UK. MD is subsidising its users with billions of RMB annually, whereas Just Eat Plc is generating free cash flow.

Meituan Dianping – Is the Impressive Growth Sustainable?

Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/26970" target="_blank" data-smartkarma-citation="entities:26970:1">Meituan Dianping (MEITUAN CH)</a> is coming to the market at a difficult time. A slowing Chinese economy, a weaker currency and the threat of an all-out trade war could dampen investor sentiment. In ANTYA’s view, US$ 6.25/share, or thereabouts, is a fair price for IPO investors to pay. That level provides a margin of safety and includes room for capital appreciation</p>

Meituan Dianping (MEITUAN CH) is coming to the market at a difficult time. A slowing Chinese economy, a weaker currency and the threat of an all-out trade war could dampen investor sentiment. In ANTYA’s view, US$ 6.25/share, or thereabouts, is a fair price for IPO investors to pay. That level provides a margin of safety and includes room for capital appreciation

Meituan Dianping – Peak Value Is Estimated @ US$ 7.50/Share

United States

GrubHub, Inc. operates an online and mobile platform for restaurant pick-up and delivery orders. The Company's platform assists diners in searching for local restaurant, tracking the order and re-order for convenience. The Company operates within the United States and the United Kingdom.

Grubhub Inc (GRUB US)

Meituan Dianping – Is the Impressive Growth Sustainable?

Meituan Dianping (3690 HK) appears to have side stepped the slowdown in the Chinese economy by posting a robust set of numbers. While on a YoY...

ANTYA Investments

Meituan Dianping – Is the Impressive Growth Sustainable?

Meituan Dianping (3690 HK) appears to have side stepped the slowdown in the Chinese economy by posting a robust set of numbers. While on a YoY...

ANTYA Investments

Meituan Dianping – Peak Value Is Estimated @ US$ 7.50/Share

Meituan Dianping (MEITUAN CH) is coming to the market at a difficult time. A slowing Chinese economy, a weaker currency and the threat of an...

ANTYA Investments