Conditions Continue To Improve; EM Buy Signal; Growth Outperforming; Gold Vs. SPX Downtrend Intact
Emerging markets (EEM) appear to be bottoming; one attractive buy candidate is JD.com (JD). We also highlight buy opportunities within Energy...
291 Views
JD Logistics (2618 HK): Higher Growth, Higher Loss
Integrated supply chain is more meaningful to the long-term growth. JD.com provides half of revenue. The company has the incentive of expansion...
344 Views
SEA Ltd Placement -Momentum Is Very Strong but Last Deal Didn’t Do Well and It Doesn’t Need the Cash
Sea Ltd (SE US) plans to raise around US$3.5bn via an equity offering, along with another US$2.5bn via a convertible offering. The company last...
542 Views
Kakao Pay IPO - Valuation and Likely Impact of Latest Announcement
Kakao Pay, one of South Korea’s largest payment and financial services apps, aims to raise up to US$1.3bn in its South Korean IPO. Kakao held a 55%...
350 Views
JD Health (6618 HK): Be Careful of Amazon Style Accounting
We believe JD Health will follow the accounting of JDc.om, which is the originated by Amazon. We believe service is the main business, although...
416 Views