VIPS Is Destined to Merge with the JD
VIPS reported C1Q18 net revenue, gross margin, non-GAAP operating profit and non-GAAP net income (2.6) %, (1.5) ppt, 25% and 1.7% vs. our...
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Reaffirming Tencent’s FVE at HKD 641 Per Share; Substantial Long-Term Monetization Intact
Wide-moat Tencent Holdings Ltd (700 HK) reported first-quarter results that beat our expectations and consensus. We think revenue in the quarter is...
235 Views
Demonstration ESports Chosen for Jakarta 2018 - Readthrough for Beijing 2022, Paris 2024
The Asian Esports Federation (AeSF) has announced that the following eSports have been selected as demonstration games at this year’s Asian...
258 Views
Tencent (700 HK) – Investment Gains Not Sustainable, Reached Our Target, Upgrade to HOLD
The stock price has touched and is close to our last target. Upgrade to HOLD. All “BAT” have spent significantly on investee companies, but...
361 Views
Sea Ltd: Is Shopee Turning the Corner?
Conference call indicates that, by raising its adjusted revenue guidance, management of Sea Ltd (SE US) is more bullish. The reality check is that...
463 Views