Beyond the Virus: 3 Things from TMT Land that Stood Out Week of 3/27/2020
Some datapoints that caught our eye last week in TMT.Obex’s fundamental research process is focused on secular change in the TMT and Consumer...
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Tencent (700 HK): Advertisers Get Significant Traffic from WeChat Mini-Program
YH Life had 8.9 million monthly active users (MAU) on the WeChat mini-program, about 3.8 times its independent app. Miss Fresh’s mini-program MAU...
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Softbank Group: Moody's Downgrade Highlights Investor Scrutiny of Balance Sheet Relief
Shots fired! Moody's two-step downgrade of Softbank Group debt to Ba3 on concerns it was selling high value stakes to shore up risky private equity...
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Trade/Investment Ideas from 2019/20 IPOs
Since the start of 2019 till date, we have covered 96 IPOs. Despite the market turmoil over the past two months, over a third, or 40 IPOs remain...
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Softbank’s Stake Sale Will Be a Good Litmus Test of Alibaba’s Valuation
If Alibaba believes that its stock is under-priced, it is highly likely that the company would be interested in buying-back a larger portion of...
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