Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Just days after <a href="https://www.smartkarma.com/entities/amtd-digital" target="_blank" data-smartkarma-citation="entities:36214:1" rel="noopener">AMTD Digital (HKD US)</a> was ramped 30,000% to a ridiculous valuation only weeks after its IPO, <a href="https://www.smartkarma.com/entities/magic-empire-global" target="_blank" data-smartkarma-citation="entities:36219:1" rel="noopener">Magic Empire Global (MEGL US)</a> IPOed and rose 2000+ on Day1.</li>
<li>MEGL is a corporate advisory, helping smallcaps IPO then helping them comply with listing rules. 2 principals, 2 professionals, 5 staff with no moat had US$2.16mm in revenue in 2021.</li>
<li>And it is worth US$2.3bn - 1000 x revenues and 10,000x earnings?  This is not OK. And it smacks of something unsavoury. </li>
</ul>


Just days after AMTD Digital (HKD US) was ramped 30,000% to a ridiculous valuation only weeks after its IPO, Magic Empire Global (MEGL US) IPOed and rose 2000+ on Day1.
MEGL is a corporate advisory, helping smallcaps IPO then helping them comply with listing rules. 2 principals, 2 professionals, 5 staff with no moat had US$2.16mm in revenue in 2021.
And it is worth US$2.3bn - 1000 x revenues and 10,000x earnings?  This is not OK. And it smacks of something unsavoury. 


Magic Empire Global - Not Clear Who Is Driving and Who Is Being Taken For a Ride

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Algosun Global

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/magic-empire-global" target="_blank" data-smartkarma-citation="entities:36219:1" rel="noopener">Magic Empire Global (MEGL US)</a>  priced its IPO at $4.00 per share in August. Unknown financial services company sold 5M ordinary shares to investors and raised ~$18M.</li>
<li>Return since IPO totaled a whopping ~2,825%. IPO investors are sitting on ~$570M in paper profits and own 25% of Magic Empire’s shares outstanding. </li>
<li>Network 1 Financial Securities, an independent full-service broker-dealer based in New Jersey, led the offering. The firm specializes in investment banking services for small to mid-sized companies. </li>
</ul>



Magic Empire Global (MEGL US)  priced its IPO at $4.00 per share in August. Unknown financial services company sold 5M ordinary shares to investors and raised ~$18M.
Return since IPO totaled a whopping ~2,825%. IPO investors are sitting on ~$570M in paper profits and own 25% of Magic Empire’s shares outstanding. 
Network 1 Financial Securities, an independent full-service broker-dealer based in New Jersey, led the offering. The firm specializes in investment banking services for small to mid-sized companies. 


Is A Corner In Magic Empire Global Underway?

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Capital Markets

Magic Empire Global / Equity Capital Markets

<ul>
<li>Magic Empire Global (MEGL US) is the second biggest bubble in 2022, after AMTD Digital (HKD US). </li>
<li>We believe there are two major reasons for MEGL's surging share price including US retail investors' buying frenzy post AMTD Digital and the "scarcity effect" of new Chinese IPOs.</li>
<li>Sell MEGL as it makes little sense to put any of your valuable amounts of capital into this stock. The bubble has already started to burst on MEGL. </li>
</ul>


Magic Empire Global (MEGL US) is the second biggest bubble in 2022, after AMTD Digital (HKD US). 
We believe there are two major reasons for MEGL's surging share price including US retail investors' buying frenzy post AMTD Digital and the "scarcity effect" of new Chinese IPOs.
Sell MEGL as it makes little sense to put any of your valuable amounts of capital into this stock. The bubble has already started to burst on MEGL. 


Magic Empire Global: The Second Biggest Bubble in 2022

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/magic-empire-global" target="_blank" data-smartkarma-citation="entities:36219:1" rel="noopener">Magic Empire Global (MEGL US)</a> shares are currently up 45x since its listing at US$4.00 per share on 5 August. Its market cap currently stands at US$3.6 billion.</li>
<li>Just like <a href="https://www.smartkarma.com/entities/amtd-digital" target="_blank" data-smartkarma-citation="entities:36214:1" rel="noopener">AMTD Digital (HKD US)</a>, it is hard to pinpoint the real reason for MEGL’s share price surge. MEGL’s financials are uninspiring and cannot justify the share price ramp.</li>
<li>MEGL has no unique competitive advantage which could justify it's current large premium multiple compared to larger and better-established peers.    </li>
</ul>



Magic Empire Global (MEGL US) shares are currently up 45x since its listing at US$4.00 per share on 5 August. Its market cap currently stands at US$3.6 billion.
Just like AMTD Digital (HKD US), it is hard to pinpoint the real reason for MEGL’s share price surge. MEGL’s financials are uninspiring and cannot justify the share price ramp.
MEGL has no unique competitive advantage which could justify it's current large premium multiple compared to larger and better-established peers.    


Magic Empire Global: More Trick than Treat

Hong Kong

Magic Empire Global provides corporate finance advisory and underwriting services in Hong Kong. Its services include IPO sponsorship, financial and independent financial advisory, compliance advisory, and corporate services such as accounting and company secretarial services. The company was founded in 2016 and is headquartered in Hong Kong.

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Magic Empire Global (MEGL US)

Magic Empire Global - Not Clear Who Is Driving and Who Is Being Taken For a Ride

Magic Empire Global (MEGL) is the latest small cap illiquid Asian IPO brought to market by Network 1 Financial Securities. It rose 5000+% vs IPO...

Travis Lundy

Is A Corner In Magic Empire Global Underway?

We believe extreme bearish sentiment may extend the rally in Magic Empire stock despite a recent ~50% plunge in share price.

Andrei Zakharov

Magic Empire Global: The Second Biggest Bubble in 2022

Magic Empire Global (MEGL US) is the second biggest bubble in 2022, after AMTD Digital (HKD US). The bubble has already started to burst on MEGL.

Douglas Kim

Magic Empire Global: More Trick than Treat

It is hard to pinpoint the real reason for MEGL’s share price surge. While it is difficult to predict when the share price will reflect...

Arun George

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