IPO and L/S equity, 2015 Starmine top stock picker, Global Equity Research Ltd

Rickin Thakrar

14 years of experience in global investment research and trading. In relation to research, we focus on IPO, Event-driven and large-cap non-consensual ideas. In relation to trading, we focus on generating positive index-adjusted returns and have had several top-decile or top-quartile performances over the past three years. In terms of background, I have worked at several sell-side firms (JP, Redburn, Haitong, Mainfirst), won Starmine as top stock picker in European Food Retail in 2015 and have been voted top one to top-five by institutions and hedge funds.

IPO and L/S equity, 2015 Starmine top stock picker

Tencent (700 HK): No Longer Roaring, but the Price Is Right

Tencent: Investees, the Potential for ST Earnings Miss, and an Attractive LT Entry Point

Tencent – Is Short-Term Risk/Reward More Balanced?

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Tencent: Digging into the Potentially Implausible DCF Valuation

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Bottom-Up

<p>We wrote a month ago that Tencent was likely to beat consensus estimates driven by ‘other gains’ (<a href="https://www.smartkarma.com/insights/tencent-is-short-term-risk-reward-more-balanced" target="_blank" rel="noopener">note here</a>). Indeed, Tencent’s 2Q21 beat consensus estimates through a significant gain in ‘other income.’ On the flip side, we believe more questions may be raised about the performance of the core business.</p>

We wrote a month ago that Tencent was likely to beat consensus estimates driven by ‘other gains’ (note here). Indeed, Tencent’s 2Q21 beat consensus estimates through a significant gain in ‘other income.’ On the flip side, we believe more questions may be raised about the performance of the core business.

Tencent 2Q21 Results: Questions About Core Business Remain