Tencent New Lows and Buy Strategy with Macro Hurdles
Tencent Holdings (700 HK) was downgraded at 380 and again at 352 and after being short Tencent from the 380 level (with a wiggle at 353) we view...
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Meituan-Dianping IPO, Part 4: Proposed Price Range, Jan-Apr Results, & A Lesson From Groupon
On September 4th, HKEX published an updated prospectus for Meituan Dianping (MEITUAN CH) for which we provided a link at the end of this report....
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Meituan Dianping IPO: Results to April Offers More Positives than Negatives
At first glance, Meituan Dianping (MEITUAN CH) financials for the first four months of 2018 seems to have deteriorated. However, peeling back the...
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Meituan Dianping IPO Valuation: Would Investors Buy Into Reasonable P/S Multiple?
Based on IPO price range of HK$60-72/share, Meituan Dianping (MEITUAN CH) is reasonably valued on P/S multiple (but not on EV/EBITDA multiple)...
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Last Week in GER Research: Meituan-Dianping, Nio, Gangfeng Lithium, Pinduoduo and 111 Inc
Below is a recap of the key IPO and fundamental research produced by the Global Equity Research team. This week we highlight a more palatable...
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