In today’s briefing:
- VNG Pre-IPO – The Positives – Vietnam’s Mini-Tencent
- VNG Pre-IPO – The Negatives – Vietnam’s Mini-Tencent
- Oversold Bounce Underway Amid Consolidation Phase; Buys in IT Consulting, Uranium, Technology
VNG Pre-IPO – The Positives – Vietnam’s Mini-Tencent
- Vng (VNG US), Vietnam’s leading internet platform, aims to raise up to US$300m in its US IPO.
- VNG is Vietnam’s leading homegrown digital ecosystem, as per the company, with diverse product offerings across games, communications and media, fintech and other opportunities
- In this note, we talk about the positive aspects of the deal.
VNG Pre-IPO – The Negatives – Vietnam’s Mini-Tencent
- VNG (VinaGame) (VNG US), Vietnam’s leading internet platform, aims to raise up to US$300m in its US IPO.
- VNG is Vietnam’s leading homegrown digital ecosystem, as per the company, with diverse product offerings across games, communications and media, fintech and other opportunities
- In this note, we talk about the not-so-positive aspects of the deal.
Oversold Bounce Underway Amid Consolidation Phase; Buys in IT Consulting, Uranium, Technology
- Last week (8/22/23) we discussed our expectations for an oversold bounce due to an overwhelming number of indexes/Sectors/industries testing multi-month supports, combined with Treasury yields and the DXY testing resistance.
- The bounce has begun with the SPP ending higher last week for the first time in a month, and it is possible we have seen the lows for this pause/pullback.
- A meaningful correction cannot happen if the SPX is above 4300-4325, but we would not be surprised to see another month or more of consolidation between 4300 and 4600.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
