bearish

Sanrio

Sanrio - Hello Kitty and Kuromi Characters to Expand in China But Valuations Remain Lofty

468 Views22 Jul 2022 06:09
Despite the longevity of Hello Kitty as well as the recent partnership with Alifish (Alibaba's subsidiary) to expand its business in China, we remain concerned with Sanrio's lofty valuation multiples.
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Douglas Kim
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