bearish
Tencent Music Entertainment IPO Valuation: With Bearish Thesis Validated, Fair Value Below Low End
833 Views04 Dec 2018 10:40
Based on IPO price range of US$13 to US$15 per ADR, we do not think that Tencent Music Entertainment (TME US) is attractively valued.
3Q18...
SUMMARY
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Johannes Salim, CFA
ASEAN (Indo) & China-focused. Ex-Deputy HoR UBS.
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