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 Capital Markets

<p> In ANTYA’s view, TME is another IPO where investors need to pay attention to the valuation because like the online lending boom in China which fizzled out pretty quickly, live-streaming of entertainment content is a me-too business model employed by TME fighting for the same eyeballs and advertising dollars that other more established players such as <a href="https://www.smartkarma.com/entities/26075" target="_blank" data-smartkarma-citation="entities:26075:1">Momo Inc (MOMO US)</a>, <a href="https://www.smartkarma.com/entities/285" target="_blank" data-smartkarma-citation="entities:285:1">YY Inc ADR (YY US)</a>, <a href="https://www.smartkarma.com/entities/26983" target="_blank" data-smartkarma-citation="entities:26983:1">HUYA Inc (HUYA US)</a>, <a href="https://www.smartkarma.com/entities/26793" target="_blank" data-smartkarma-citation="entities:26793:1">Bilibili Inc (BILI US)</a> are also competing for. More importantly, with online gaming revenues in China, both on the PC and on the mobile under an increasing threat of decline for a few years ( For more on that <a href="https://www.smartkarma.com/insights/tencent-holdings-china-s-one-foot-one-punch-one-inch-initiative-undermines-tencent" target="_blank" data-smartkarma-citation="insights:24401">Tencent Holdings: China's "One Foot, One Punch, One Inch" Initiative Undermines Tencent.</a> ), we believe that all live-streaming players will devote more resources towards entertainment content, thereby pressuring industry margins.</p>

 In ANTYA’s view, TME is another IPO where investors need to pay attention to the valuation because like the online lending boom in China which fizzled out pretty quickly, live-streaming of entertainment content is a me-too business model employed by TME fighting for the same eyeballs and advertising dollars that other more established players such as Momo Inc (MOMO US), YY Inc ADR (YY US), HUYA Inc (HUYA US), Bilibili Inc (BILI US) are also competing for. More importantly, with online gaming revenues in China, both on the PC and on the mobile under an increasing threat of decline for a few years ( For more on that Tencent Holdings: China's "One Foot, One Punch, One Inch" Initiative Undermines Tencent. ), we believe that all live-streaming players will devote more resources towards entertainment content, thereby pressuring industry margins.

Tencent Music:We Estimate Value at USD 3.77 Per Share; Lower Than Many Expect - $11.7 B for TME

<p><a href="https://www.smartkarma.com/entities/27255" target="_blank">Tencent Music Entertainment's (TME US)</a> much-awaited IPO is currently being priced in the U.S. The more we look into TME, the more bearish we become on the prospects for either a post-IPO pop or for the rumoured valuation exceeding US$20 billion. We believe that the excessive weakness in <a href="https://www.smartkarma.com/entities/26772" target="_blank">Spotify Technology Sa (SPOT US)</a> since the filing of TME's registration statement is a precursor to either weak pricing and/or demand for TME's shares, or both. </p>

Tencent Music Entertainment's (TME US) much-awaited IPO is currently being priced in the U.S. The more we look into TME, the more bearish we become on the prospects for either a post-IPO pop or for the rumoured valuation exceeding US$20 billion. We believe that the excessive weakness in Spotify Technology Sa (SPOT US) since the filing of TME's registration statement is a precursor to either weak pricing and/or demand for TME's shares, or both. 

Tencent Music Entertainment Group– Competitors Aplenty Imply No Differentiation Except Moniker

United States

HUYA Inc. operates as a game live streaming platform. The Company offers interactive video broadcast services including e-sports, music, reality show, entertainment genres, talent shows, and anime and outdoor activities. HUYA serves customers in China.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

HUYA (HUYA US)

Tencent Music Entertainment Group– Competitors Aplenty Imply No Differentiation Except Moniker

Tencent Music Entertainment's (TME US) much-awaited IPO is currently being priced in the U.S. The more we look into TME, the more bearish we become...

ANTYA Investments

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Tencent Music:We Estimate Value at USD 3.77 Per Share; Lower Than Many Expect - $11.7 B for TME

In ANTYA’s view, TME is another IPO where investors need to pay attention to the valuation because like the online lending boom in China which...

ANTYA Investments

Tencent Music Entertainment Group– Competitors Aplenty Imply No Differentiation Except Moniker

Tencent Music Entertainment's (TME US) much-awaited IPO is currently being priced in the U.S. The more we look into TME, the more bearish we become...

ANTYA Investments