Tencent: Feedback from Meeting with Senior Management
We attended a roundtable discussion last week led by senior representatives from Tencent Holdings Ltd (700 HK) to hear details about WeChat, its...
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Alibaba (BABA) – An Accounting Purpose in Venture Capital Investment
Operating margin of main businesses declined, but Alibaba made it up with shrinking losses in minor businesses. We believe that Alibaba...
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Fat Cash Inflows Yet Traded at 2/3 of Historical P/E Average
Operating cash inflows grew 48% in 2017. Real cash balance increased above 20+% every year in past 3 years. Revenue growth accelerated to 20% in...
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Elang Mahkota Teknologi: The Most Diversified Online Group Plus Local Unicorn Play
Conference call with Elang Mahkota Teknologi Tbk (EMTK IJ) reveals its ambition to be the most diversified online player in the country. We...
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Inke Inc. IPO: Entertainment Live Streaming Industry Trend
Through IPO prospectus, we estimate the entertainment live streaming industry trends in 2018: User growth facing bottleneck. Since 2017...
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