External broker reports(aggregated public sources), Capital Securities Corp

Capital Securities

Capital Securities provides clients with investment services covering diversified financial products. We have outstanding business performance amid intense competition in the domestic securities market. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Capital Securities Corp

Capital Securities provides clients with investment services covering diversified financial products. We have outstanding business performance amid intense competition in the domestic securities market. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<p>Pricing in catalysts; recommend NEUTRAL. Given e-commerce penetration upside and higher market shares, momo.com may continue growing in FY22.. However, momo.com’s 3Q21 revenue missed our forecast. We revise down our FY21/FY22 revenue growth forecast. Additionally, we have concerns over higher labor/logistics costs. momo.com’s stock price already hit our prior TP, pricing in catalysts. Recommend NEUTRAL with TP of NTD1670 (80x FY22 PER).</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Pricing in catalysts; recommend NEUTRAL. Given e-commerce penetration upside and higher market shares, momo.com may continue growing in FY22.. However, momo.com’s 3Q21 revenue missed our forecast. We revise down our FY21/FY22 revenue growth forecast. Additionally, we have concerns over higher labor/logistics costs. momo.com’s stock price already hit our prior TP, pricing in catalysts. Recommend NEUTRAL with TP of NTD1670 (80x FY22 PER).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Momo.Com Inc

momo.com (8454 TT, NEUTRAL, NTD1770)