IPO and L/S equity, 2015 Starmine top stock picker, Global Equity Research Ltd

Rickin Thakrar

14 years of experience in global investment research and trading. In relation to research, we focus on IPO, Event-driven and large-cap non-consensual ideas. In relation to trading, we focus on generating positive index-adjusted returns and have had several top-decile or top-quartile performances over the past three years. In terms of background, I have worked at several sell-side firms (JP, Redburn, Haitong, Mainfirst), won Starmine as top stock picker in European Food Retail in 2015 and have been voted top one to top-five by institutions and hedge funds.

IPO and L/S equity, 2015 Starmine top stock picker

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Bottom-Up

<p>A number of US ADR stocks were hit hard over the past week, apparently driven by a liquidation of a US hedge fund. <a href="https://www.smartkarma.com/entities/tencent-music-entertainment" target="_blank" data-smartkarma-citation="entities:27255:1" rel="noopener">Tencent Music (TME US)</a> shares have fallen by over 35% in the past week as a result of this event. Tencent Music, in response, announced a 1bn USD buyback of its shares. We take a look at the fundamentals for Tencent Music and our thoughts on the current valuation below the fold.</p>

A number of US ADR stocks were hit hard over the past week, apparently driven by a liquidation of a US hedge fund. Tencent Music (TME US) shares have fallen by over 35% in the past week as a result of this event. Tencent Music, in response, announced a 1bn USD buyback of its shares. We take a look at the fundamentals for Tencent Music and our thoughts on the current valuation below the fold.

Tencent Music Entertainment Buyback– Are Archegos Hit Stocks Cheap Enough?