Tencent Music Entertainment IPO: The Bear Case
A close look at Tencent Music Entertainment (TME US) reveals that it is neither Spotify nor Apply Music, business-model wise, but a China...
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Tencent Music (TME): Only 29% Spotify-Like, But the Other Business Produces Profits
Spotify-like online music accounts for only 29% of total revenues. We believe that social entertainment business contributes all gross profits and...
718 Views
Momo (MOMO): No Man Admits He Is a User, Price Will Double
* Momo is the largest live show website/app in China where girl broadcasters talk, sing, and dance. * We believe the growth of live video paying...
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Momo Inc. (NasdaqGS: MOMO): Potential in Monetization Is Better than Expected, Raise TP to US$52
● We estimate Momo’s 2Q18 rev. will miss consensus by 0.1% while GAAP op profit/Non-GAAP net profit will beat consensus by 10.3%/7.2%● The high...
518 Views
YY Inc. (NasdaqGS: YY) Weakness Continues, Maintain TP with US$95
● Our forecast for 2Q18 revenue and non-GAAP operating profit beat consensus by 0.5%/4% while non-GAAP net profit missed consensus by 2.6%.● We...
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