In-depth research on Asian stocks
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Some say you can pay any price for a great company, but was Coupang at $100bn too high? Well, one things for certain: You wouldn't have paid that for what it started out as. It started out as a money losing Groupon clone that stemmed losses by pivoting to an eBay model, but failed to …
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)"
Details: This is our periodic column where we publish supplementary commentary on the companies we cover and the Asia Ecosystem in general. If you want to be updated when we publish our next Details and get notified when we publish our next full report (which will be free), sign up for Free Updates below! After …