Global Equity Strategy: Cautious Outlook Intact; Defensive Sectors Remain Leadership
Global equities (MSCI ACWI) are testing 52-week lows as prices have been consolidating over the last 1-2 months. Our outlook for global equities...
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DeNA (2432): Undervalued Internet Stock
Dena Co Ltd (2432 JP) used to be the GO-GO internet stock for both retail and institutional investors in Japan during the previous bull run before...
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CMGE Tech (中手游) Pre-IPO Review - Unfortunate Timing
China Mobile Games Adr (CMGE US) plans to raise US$300m in its upcoming Hong Kong IPO. CMGE is an intellectual-property (IP) oriented mobile game...
761 Views
MOGU IPO Preview: Can Live Streaming and WeChat Save MOGU from Stagnation?
MOGU IPO target valuation was lowered to US$2 bn, down sharply from US$4 bn in April (Bloomberg). Lack of content richness, declining revenue YoY,...
480 Views
StubWorld: Naspers And The Valuation Gap
This week in StubWorld ... Naspers Ltd (NPN SJ)'s recent underperformance is potentially a signal to buy Naspers here against Tencent Holdings...
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