Analyst - Media&Entertainment Sector, Blue Lotus Research Institute

Stan Zhao

Analyst - Media&Entertainment Sector

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

Thematic (Sector/Industry)

<ul>
<li>&lt;Peacekeeper&gt;'s more aggressive gameplay reforms and monetization changes have delivered better results, leading us to raise its 2024 annualized gross billings estimate slightly.</li>
<li>&lt;DnF Mobile&gt;'s new version experienced a slight decline in player retention, though this is likely temporary. As a result, we have slightly lowered its 2024 annualized grossing estimates.</li>
<li>NetEase's &lt;Eggy Party&gt; received player feedback that fell slightly below expectations. The game continues to face considerable pressure for revenue recovery, prompting us to lower our full-year revenue estimate slightly.</li>
</ul>


&lt;Peacekeeper&gt;'s more aggressive gameplay reforms and monetization changes have delivered better results, leading us to raise its 2024 annualized gross billings estimate slightly.
&lt;DnF Mobile&gt;'s new version experienced a slight decline in player retention, though this is likely temporary. As a result, we have slightly lowered its 2024 annualized grossing estimates.
NetEase's &lt;Eggy Party&gt; received player feedback that fell slightly below expectations. The game continues to face considerable pressure for revenue recovery, prompting us to lower our full-year revenue estimate slightly.


China Online Game Grossing Monitor: October 10, 2024 - December 16, 2024

Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/robosense-technology-co-ltd" target="_blank" data-smartkarma-citation="entities:39903:1" rel="noopener">Robosense Technology (2498 HK)</a> has seen its sales of LiDAR solution systems grow substantially as it achieved the ability to mass produce for its customers.
</li>
<li>The company integrates proprietary hardware and software, creating a barrier to entry for most LiDAR competitors, who produce only the hardware system.</li>
<li>Robosense announced a strong set of results for 3Q24 and expects to be profitable at some time in 2025.  The company has been actively buying back shares. </li>
</ul>



Robosense Technology (2498 HK) has seen its sales of LiDAR solution systems grow substantially as it achieved the ability to mass produce for its customers.

The company integrates proprietary hardware and software, creating a barrier to entry for most LiDAR competitors, who produce only the hardware system.
Robosense announced a strong set of results for 3Q24 and expects to be profitable at some time in 2025.  The company has been actively buying back shares. 


Robosense Technology, Driving in the Fast Lane While No One Is Looking

APAC IPOs & Placements, Aequitas Research

Nicholas Tan

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Inventurus Knowledge Solutions / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/inventurus-knowledge-solutions" target="_blank" data-smartkarma-citation="entities:43880:1" rel="noopener">Inventurus Knowledge Solutions (IKSINCD IN)</a> raised around US$295m in its India IPO.</li>
<li>IKS is a technology-enabled healthcare solutions provider, assisting physician enterprises in US, Canada and Australia, with a core focus in the US.</li>
<li>We have looked at the company’s past performance and valuations in our previous notes. In this note, we will talk about the trading dynamics.</li>
</ul>



Inventurus Knowledge Solutions (IKSINCD IN) raised around US$295m in its India IPO.
IKS is a technology-enabled healthcare solutions provider, assisting physician enterprises in US, Canada and Australia, with a core focus in the US.
We have looked at the company’s past performance and valuations in our previous notes. In this note, we will talk about the trading dynamics.


Inventurus Knowledge Solutions IPO Trading: Decent Anchor Quality and Strong Subscription Results

Blue Lotus Non US Internet research, Blue Lotus Research Institute

Ying Pan

Blue Lotus Non US Internet research

<ul>
<li>700 HK: &lt;Honor of Kings&gt; to Launch Winter Season Update with New Gameplay Features (+)</li>
<li>700 HK: WeChat Mini Programs MAU Reaches 949 Million, Up 3% YoY (+)</li>
<li>700 HK: Tencent Unveils New DNF-Based Game &lt;Kazan&gt; .  (+)</li>
</ul>


700 HK: &lt;Honor of Kings&gt; to Launch Winter Season Update with New Gameplay Features (+)
700 HK: WeChat Mini Programs MAU Reaches 949 Million, Up 3% YoY (+)
700 HK: Tencent Unveils New DNF-Based Game &lt;Kazan&gt; .  (+)


<ul>
<li>
<a href="https://www.smartkarma.com/entities/inventurus-knowledge-solutions" target="_blank" data-smartkarma-citation="entities:43880:1" rel="noopener">Inventurus Knowledge Solutions (IKSINCD IN)</a> is looking to raise up to US$295m in its upcoming India IPO.</li>
<li>It is a technology-enabled healthcare solutions provider, assisting physician enterprises in US, Canada and Australia, with a core focus in the US.</li>
<li>We have looked at the company’s past performance in our earlier notes. In this note, we discuss the industry growth, conduct a quick peer comparison and discuss the company’s valuation.</li>
</ul>



Inventurus Knowledge Solutions (IKSINCD IN) is looking to raise up to US$295m in its upcoming India IPO.
It is a technology-enabled healthcare solutions provider, assisting physician enterprises in US, Canada and Australia, with a core focus in the US.
We have looked at the company’s past performance in our earlier notes. In this note, we discuss the industry growth, conduct a quick peer comparison and discuss the company’s valuation.


Inventurus Knowledge Solutions IPO: Superior Margins and Growth Warrants a Premium

China

Tencent Holdings Limited operates as an investment holding company. The Company, through its subsidiaries, provides Internet and mobile value-added services (VAS), online advertising, and e-commerce transactions. Tencent Holdings offers services to users worldwide.

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Tencent Holdings (ADR) (TCEHY US)

China Online Game Grossing Monitor: October 10, 2024 - December 16, 2024

Peacekeeper and DnF Mobile continue to show performance volatility, while the Eggy Party has underperformed expectations. Meanwhile, Bilibili's...

Blue Lotus Research Institute

Robosense Technology, Driving in the Fast Lane While No One Is Looking

On 12/11 the company announced that it plans to raise $277.5mm via a share placement of 10mm shares to at least 6 independent and corporate...

David Mudd

Inventurus Knowledge Solutions IPO Trading: Decent Anchor Quality and Strong Subscription Results

Inventurus (IKS) raised around US$295m in its India IPO. It is a technology-enabled healthcare solutions provider. In this note, we will talk about...

Nicholas Tan

[Blue Lotus Daily-TMT Update]:700 HK

Tencent's 700 HK announces updates for , growth in WeChat Mini Programs MAU, and new game based on DNF.Tencent Subsidiary’s Anime-Inspired MMORPG...

Blue Lotus Research Institute

Inventurus Knowledge Solutions IPO: Superior Margins and Growth Warrants a Premium

Inventurus (IKS) is looking to raise up to US$295m in its upcoming India IPO. In this note, we discuss the industry growth, conduct a quick peer...

Nicholas Tan

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

China Online Game Grossing Monitor: October 10, 2024 - December 16, 2024

Peacekeeper and DnF Mobile continue to show performance volatility, while the Eggy Party has underperformed expectations. Meanwhile, Bilibili's...

Blue Lotus Research Institute

Robosense Technology, Driving in the Fast Lane While No One Is Looking

On 12/11 the company announced that it plans to raise $277.5mm via a share placement of 10mm shares to at least 6 independent and corporate...

David Mudd

Inventurus Knowledge Solutions IPO Trading: Decent Anchor Quality and Strong Subscription Results

Inventurus (IKS) raised around US$295m in its India IPO. It is a technology-enabled healthcare solutions provider. In this note, we will talk about...

Nicholas Tan

[Blue Lotus Daily-TMT Update]:700 HK

​Tencent's 700 HK announces updates for , growth in WeChat Mini Programs MAU, and new game based on DNF.Tencent Subsidiary’s Anime-Inspired MMORPG...

Blue Lotus Research Institute

Inventurus Knowledge Solutions IPO: Superior Margins and Growth Warrants a Premium

Inventurus (IKS) is looking to raise up to US$295m in its upcoming India IPO. In this note, we discuss the industry growth, conduct a quick peer...

Nicholas Tan

Tencent's 700 HK announces updates for , growth in WeChat Mini Programs MAU, and new game based on DNF.Tencent Subsidiary’s Anime-Inspired MMORPG...