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Silver Point

Thomas J. Monaco

Independent Insight Provider

Silver Point is a boutique research firm that focuses on the broader financial services sector, with a particular focus on troubled institutions globally. 

Asia Ex Japan

Equity Bottom-Up

*Another Positive Update Ahead of AGM: The Australia Securities &amp; Investments Commission (ASIC) recently released its second report on the Buy Now Pay Later (BNPL) space, and the findings appear to be similar to its first report. This is quite positive for the shares of Afterpay Touch (APT.AU) [Afterpay], where Tencent Holdings (700.HK) [Tencent] holds what is likely to be a growing 5% stake. The AGM for Afterpay is on November 17th; and  *More Magic Fairy Dust: Tencent continues to hit it out of the park with its Afterpay stake. In addition to a superb return on investment of 394% over the past five plus months since the stake announcement, this alliance with Australia’s premier financial technology BNPL company is paying dividends to Tencent in numerous other ways.

*Another Positive Update Ahead of AGM: The Australia Securities &amp; Investments Commission (ASIC) recently released its second report on the Buy Now Pay Later (BNPL) space, and the findings appear to be similar to its first report. This is quite positive for the shares of Afterpay Touch (APT.AU) [Afterpay], where Tencent Holdings (700.HK) [Tencent] holds what is likely to be a growing 5% stake. The AGM for Afterpay is on November 17th; and  *More Magic Fairy Dust: Tencent continues to hit it out of the park with its Afterpay stake. In addition to a superb return on investment of 394% over the past five plus months since the stake announcement, this alliance with Australia’s premier financial technology BNPL company is paying dividends to Tencent in numerous other ways. 

Tencent – This Deal Keeps Rolling Along