In-depth research on Asian stocks
Stretching back to the 1950s, China has benefited from prolific natural resource deposits. Their ample oil reserves survived multiple administrations and governance systems to eventually land in PetroChina, China's largest domestic producer of crude oil and natural gas . Blessed by nature with easy to extract hydrocarbons, their lifting costs are around just ~$12 per …
In the early days of the Internet, when there was a flurry of successful U.S. tech firms absent from China, would you have been above being the one to bring them there? Wang Xing wasn’t – creating businesses “inspired” by not just Friendster, but Groupon, Facebook and Twitter too, coming to epitomize the term "Chinese …
Japan's two richest people epitomize the two paths to ultra wealth: Take big, bold risks in new industries (disruption) Work dutifully day-in and day-out to innovate and outwork competitors in existing businesses (process innovation) The first of which is best represented by Softbank's Masayoshi Son. The second is best encapsulated by Fast Retailing's Tadashi Yanai, …
*Please see our disclaimers at the bottom of the page and our full disclaimer here. By using our website, you acknowledge you have read our disclaimers and agree to our terms of use. Hey there! Welcome to DJY Research. Every month, we produce an extensive research report on a global company. So far, we’ve covered companies …
Hi everyone - this is Part 3 of our Coupang writeup. In this part, we cover our revenue build and valuation, as well as share what we consider to be risks. If you haven’t already, you can read Part 1 here and Part 2 here. *Please see our disclaimers at the bottom of the page …
Hi everyone - this is Part 2 of our Coupang writeup. In this part, we cover Coupang’s flywheel as well as their many businesses and new initiatives. If you haven’t already, you can read Part 1 here. *Please see our disclaimers at the bottom of the page and our full disclaimer here. By using our website, …
Hi everyone, this post is a breakdown of Alibaba’s 3Q21 results. It was originally shared on Twitter here. For convenience sake, we will be sharing the tweetstorm as a single article for easier reading. If you enjoyed this recap and would like to have access to all of our research, models, and supplementary material, subscribe …
What could you do with 4 square meters of retail space? Try creating over $100 billion dollars of market value with one of the world's largest retailers. The path would not be easy though, and would require risking it all - multiple times. With just a 4sqm stall in an offbeat Chinese market, after 5 …
*Please see our disclaimers at the bottom of the page and our full disclaimer here. By using our website, you acknowledge you have read our disclaimers and agree to our terms of use. Hey there! Welcome to DJY Research. Every month, we produce an extensive research report on a global company. So far, we’ve covered companies …
A tech conglomerate with a leading industry position in no fewer than 8 industries with revenues growing ~20% and trading at 24x earnings excl. investments, Tencent is the company you would have tried to create if you had a crystal ball in China in 1998. But Tencent didn’t need a crystal ball because they had …