IQiyi (IQ): Temporary Headwind in Ad Revenues, But Robust Membership Revenues in 3Q18
* Online ad revenues and the operating margin declined due to FIFA World Cup and government's inspection of all online advertisers' licenses, but...
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Last Week in GER Research: Softbank, Babytree, Tencent Music, MYOB, Yancoal, Spotify Warning & More!
Below is a recap of the key IPO and event-driven research produced by the Global Equity Research team. Last week, Arun initiated IPO coverage...
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Baidu (BIDU): Returning to Hospital Clients Impacted Margin, But Will Bring Growth, 17%~59% Upside
The operating margin of the search business declined in 3Q18 - We believe return to the hospital clients raised marketing expenses. We believe...
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IQIYI (IQ US): 3Q18 Results Show that the Hype Is Slowly Running Out of Steam
Since its IPO at $18.00 per ADS, iQIYI Inc (IQ US)'s shares reached a high of $46.23 to mark the peak of its hype cycle. However, the shares have...
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Tencent Music Pre-IPO - Valuations Estimates - Leaving on a Jet Plane - $30bn Was Quite Stretched
Before I could publish this insight, on my way to work I just read in the FT that the IPO has been called off for now. One can't be sure when it...
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