VGI: 2HFY20/21E to Be Challenging - Hold
After the announcement of weak earnings results in 1QFY20/21, we decide to cut VGI's net profit estimates in FY20/21E and FY21/22E. We maintain...
86 Views
Earnings Contained No Surprises
VGI reported weak earnings results in 1QFY20/21 as expected, but improvement is likely in the remainder of the year thanks to the easing of the...
95 Views
Conference with US Investors
Although the long-term growth prospects look promising, ad spending will be negatively impacted by the COVID-19 pandemic in the short term. As the...
83 Views
Riding With New Opportunity
We have a neutral view on the analyst meeting with BTS, as it was mostly in line with our expectations. We maintain our Buy call with the...
91 Views
Uncertainty Remains
We have a neutral view after the conference call with VGI, as the impact from the COVID-19 outbreak will continue to pressure the earnings...
89 Views