In today’s briefing:
- Preview PC Partner FY21 Earnings: Record Profit + Record Dividend + Strong Outlook for FY22
- Tencent: Is More Fintech Restructuring On Its Way?
- Long Term Recommendation | Newgen Software Technologies Ltd.
Preview PC Partner FY21 Earnings: Record Profit + Record Dividend + Strong Outlook for FY22
- PC Partner (1263 HK) issued a positive profit alert 15/12/2021.
- Company will report FY21 results in 60 days which will be the best ever. 1H22 is on track to show growth YoY.
- Forecast exceptional dividend to celebrate 25-yr since founding and 10-yr since IPO.
Tencent: Is More Fintech Restructuring On Its Way?
- In December, Tencent announced that its board of directors has resolved to declare a special dividend by way of a distribution of its Class A ordinary shares of JD.com.
- This seems to be in line with regulators’ aim of bringing down walled gardens; however, we think these steps are aimed more towards restructuring Tencent’s fintech business.
- Tencent’s fintech arm has been benefitting from its partnerships with JD.com and Pinduoduo which has helped face competition from closest rival AliPay.
Long Term Recommendation | Newgen Software Technologies Ltd.
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