VNG IPO: The Bear Case
The bear case rests on the Communications and Media business' faltering fundamentals, the Fintech business' uncertain path to profitability and...
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VNG IPO: The Bull Case
The bull case rests on the core games business’ improving KPIs, return to growth, good revenue visibility, and reducing dependence on critical...
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ECM Weekly (3rd Sep 2023) - Doosan, VNG, Tuhu, Integral, ARM, Zomato, APM, Auckland Int, Daiwa REIT
Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
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VNG IPO: Scaling Up
Apart from games which account for a majority, VNG's other businesses are in early stages of monetisation. VNG's businesses show strong potential...
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VNG Pre-IPO - The Negatives - Vietnam’s Mini-Tencent
VNG (VinaGame) (VNG US), Vietnam’s leading internet platform, aims to raise up to US$300m in its US IPO. In this note, we talk about the not-so...
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