Futu Holdings IPO - Given the Team, Execution, and Backers, Might Be Worth a Look at the Low-End
Futu Holdings Ltd (FHL US) plans to raise upto US$130m in its US listing. The deal has been downsized from its earlier indicative size of US$300m...
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Futu Holdings Pre-IPO - FY18 Updates And Quick Thoughts on Valuation
Futu Holdings Ltd (FHL US) plans to raise around US$300m in its US IPO. The company is backed by Tencent Holdings (700 HK) , Matrix Partners and...
553 Views
IQiyi (IQ): In 4Q18, Baidu’s Growth Engine Lost Control Over Content Cost
We notice that the growth rate of cost of revenues exceeded the growth rate of membership revenues. We believe that the margins will continue to...
445 Views
Naspers: Softbank Buyback a Guide for Naspers?
Recently, Softbank's (9984 JP) shares jumped +18% after announcing a $5.5bn share buyback. Using Smartkarma's holdco monitor, the discount to NAV...
568 Views
Tencent (700 HK): In Fact Benefited from License Suspension
Tencent’s market share as measured by the number of active users increased during the the period license suspension. We believe that Tencent’s...
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