Driven by the good news, the happy times went up from down to up on Monday. As of press release, the era of happy gathering rose more than 2% to US $87.00, with a market value of about US $7 billion.
(stock price rebounds in the era of reunion, source: Investing)
US Eastern time 18, well-known short institutions muddy water to do air stocks happy gathering era. After a year of research, Hunshui believes that almost the entire company in the era of happy gathering, including revenue, profits, paying users and other data, is suspected of being forged. It is expected that nearly 90% of the revenue reported by the company for YY live broadcast business is forged data. The days gathering times closed down 26.48%.
Since the issuance of the short report on November 18, the stock price of the rally era has fallen 15 percent in total, and we suggest investors buy at a lower price, JPMorgan suggested that the end of the conference be gathered at the end of the meeting era, and the JPMorgan Asia Pacific stock research team said in the research paper
J.P. Morgan believes that the happy gathering era has good cash flow. With Baidus $3.6 billion acquisition of YY live, the net cash of happy gathering era is $6.4 billion. If investment is added, it will reach $7.2 billion, exceeding the current market value of about $7 billion. J.P. Morgan expects that in the era of reunion, more share buybacks or special dividends will be used to further drive the stock price.
Another reason for optimism is the acquisition of bigo, a video social networking company. JP Morgan is optimistic about bigos future. It is expected that the revenue of fy2021 will increase by 45% year-on-year and achieve a net profit margin of 5%.
Source of this article: Yang Bin, editor in charge of CFA_ NF4368