MD, Blue Lotus Research Institute

Gu Jun, CFA

China growth and global non-US Internet equities

Blue Lotus Research Institute

Blue Lotus Research is a Hong Kong Type 4 Licensed investment advisory firm focusing on Chinese growth equities and global non-US Internet equities

Equity Bottom-Up

Alibaba Group Holding  / Equity Bottom-Up

<p>● BABA reported top line, non-GAAP operating profit and GAAP net income (3.4)%, (18)% and (12%) below our estimates. Main reason for the fall seems to be the fall in mobile take rate;</p><p>● Intelligent hardware and Internet Finance can be next growth driver;</p><p>● We rate the stock Buy, with a TP of US$185.</p><p><strong>Views from an optimist and a pessimist</strong></p><p>Both optimists and pessimists can find ample evidence to support their views this quarter. 1P revenue (Yintai, HEMA and Tmall Supermarket) accounted for 6.1% of…</p>

● BABA reported top line, non-GAAP operating profit and GAAP net income (3.4)%, (18)% and (12%) below our estimates. Main reason for the fall seems to be the fall in mobile take rate;● Intelligent hardware and Internet Finance can be next growth driver;● We rate the stock Buy, with a TP of US$185.Views from an optimist and a pessimistBoth optimists and pessimists can find ample evidence to support their views this quarter. 1P revenue (Yintai, HEMA and Tmall Supermarket) accounted for 6.1% of…

Alibaba Group Holdings Limited (NYSE: BABA) C4Q17: Time to Look for the Next Driver

Analyst, qcAlpha Earnings Coverage, Zero One

Vincent Fernando, CFA

Analyst, qcAlpha Earnings Coverage

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

<div class="content-highlight"><h2><strong>What’s Happened Since Last Quarter?</strong></h2></div><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/043/735/original/MOMO%20Stock.png?1517725873" class="editor-image img-responsive" data-smartkarma-image-id="43735"></figure><p>Since the Company’s last earnings release in November, Momo’s stock has recovered significantly, and is now trading around the US$30 range once more. Notably on January 29, JP Morgan upgraded the Company from ‘neutral’ to ‘overweight’, which has helped support the stock’s price.</p><p>With the Company’s upcoming earnings expected on March 6, we take a closer look at Momo’s Live Video Service business and what this means for investors. </p><div class="content-highlight">
<h2><strong>Live Video Service: Investors</strong></h2>…</div>

What’s Happened Since Last Quarter?Since the Company’s last earnings release in November, Momo’s stock has recovered significantly, and is now trading around the US$30 range once more. Notably on January 29, JP Morgan upgraded the Company from ‘neutral’ to ‘overweight’, which has helped support the stock’s price.With the Company’s upcoming earnings expected on March 6, we take a closer look at Momo’s Live Video Service business and what this means for investors. 
Live Video Service: Investors…

Momo 4Q17 Earnings Preview: Upcoming Earnings Could Make This Stock Dirt Cheap

China

Hello Group Inc. operates as a mobile-based social networking platform. The Company enables users to establish and expand social relationships based on location and interests. Hello Group operates out of the Peoples Republic of China.

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Hello Group (MOMO US)

Alibaba Group Holdings Limited (NYSE: BABA) C4Q17: Time to Look for the Next Driver

● BABA reported top line, non-GAAP operating profit and GAAP net income (3.4)%, (18)% and (12%) below our estimates. Main reason for the fall seems...

Blue Lotus Research Institute

Momo 4Q17 Earnings Preview: Upcoming Earnings Could Make This Stock Dirt Cheap

What’s Happened Since Last Quarter?Since the Company’s last earnings release in November, Momo’s stock has recovered significantly, and is now...

Vincent Fernando, CFA

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