In-depth research on Asian stocks
Nintendo, a multi- generational icon, with 26 of the top 50 best selling titles, an IP portfolio 2nd to only Disney, trades at just 12x 2021 ex-cash earnings. Margins have only been improving because of the shift to digital, and they have over 30mn paying online subscribers--their first recurring revenue ever. Not to mention, their …
In 2016, Didi beat Uber, THE Silicon Valley sweetheart at the time, to gain control of China’s ride hail market despite having far less capital, fewer partners, and a smaller engineering pool. Regulatory talk aside, Didi just had the biggest IPO in the U.S. since Alibaba. So is Didi the next tech giant to join …
Alibaba today is a bit of an enigma with investor trepidation stemming from both inadequate competitive moats and fears that regulators could curtail this “monopoly.” Adding to the confusion, Alibaba likely houses more billion-dollar businesses than any other company. The fear of competition is real though: PDD is gaining share on lower end commerce, JD.com …
Housekeeping: We are still trying to figure out the best publishing cadence for Details and what kind of content would be most appreciated by our followers and subscribers. We were planning on putting out another short details on ShopeeFood shortly, but please let us know your thoughts on what you would like to see! Upcoming: …
Continue reading "Sea Limited: Management, Culture, and Execution"
Since starting DJY Research, I've been inundated with requests for an "English Asia Information Stack" - so I decided to update and reshare this post from a while ago. Enjoy! As a Westerner who has lived/worked/studied in China, I often stress how important it is to pay attention to what’s going on in Asia, especially …
Continue reading "Keeping Up with China for the English-speaking World (UPDATED)"
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