The We Company (WeWork) IPO Valuation Analysis
Our base case valuation of We Company is $24.3 billion, which is 48% lower than the last private market valuation of $47 billion. Hence, we...
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The We Company (WeWork) IPO Preview
The We Company or (WeWork) (WE US) is getting ready for an IPO in the coming weeks in a risky market environment. There is such a high amount of...
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TRACKING TRAFFIC/Chinese Tourism: Destination Shift Could Dampen 2019 Spending
Tracking Traffic/Chinese Tourism is the hub for all of our research on China's tourism sector. Every month Tracking Traffic/Chinese Tourism...
605 Views
(Some) Promises Kept in 1Q19, but Retaining Sell Rating and $36 Target Price for Ctrip.com
When Ctrip.Com International (Adr) (CTRP US) reported 4Q18 results in early March, management committed to two objectives in 2019: lifting market...
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Ctrip (CTRP): Overcame Two Difficulties in Q4, But Market Over-Reacted to “Global No. 1”
* The recovery in 4Q2018 shows that CTRP has already survived the new law and the new competitor in 2018.* We believe EPS will grow 12% in 2019.*...
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