Alibaba (BABA): 2Q22, Revenue Growth Higher than Our Estimate, But Margin Lower than Our Estimate
In last note, we expected the trends in 3Q22, but did not expect the trends were in such extreme situations. We reduce the upside and the target...
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Cloud Village (NetEase Music) Pre-IPO - Revised PHIP Updates, Along with Revised Valuation
Cloud Village Inc. (CVI), also known as NetEase Music, now plans to raise around US$500m in its Hong Kong IPO. In this note, we talk about the...
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Meituan Dianping & Nio Inc: The Definitive EM Underweights
Large benchmark weights have not been enough to lure active managers to invest in either Nio or Meituan in the numbers we would expect. They stand...
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Tencent Holdings – Seinfeld-Ian Roadshow
TENCENT: Tencent addressed matters it had already discussed at its challenged 3Q21 results. Unfortunately there was no serious discussion of...
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Paytm IPO Trading - Largest IPO with Lowest Coverage, Skipped by Domestics
Paytm (PAYTM IN) raised around US$2.5bn via selling a mix of primary and secondary shares in its India IPO. In this note, we will talk about the...
379 Views