MIXUE Pre-IPO - Initial Thoughts on Valuation
Mixue Group is looking to raise about US$1bn in its upcoming Hong Kong IPO. In this note, we provide our earnings estimates and initial thoughts on...
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Micron Earnings: HBM Driving Price Increases in Other Sectors
​Micron Technology sees positive revenues and profitability due to HBM demand creating a DDR5 DRAM shortage, benefiting Micron, Samsung, and SK hynix.
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Tencent (700 HK): 4Q23, Slower Growth, But Higher Margin, 37% Upside
Tencent experienced a one-digit growth, but its margin improved significantly in 4Q23. We believe Tencent’s social networks will stop shrinking...
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Quick Ideas #8
Chinese stocks feel like loaded springs to me now. I have played this so far by buying DADA at $1.50 (I think I posted it at $1.67 ish) and closed...
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Tencent (700 HK): Gross Margins, Cost Cutting Likely to Be Focus Going into Q4 FY23 Results
A look into what is priced ahead of Tencent's FY23 results release tomorrow after the HK close. Gross margins and cost cutting are likely going to...
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