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Vitarka Insights

Facebook Inc. – Is Consensus Overly Cautious?

Facebook Inc A (FB US) (“FB” or the “Company”) has faced multiple regulatory challenges and intense scrutiny of its platform in 2017 and in 2018. The Company increased its spending on security, hired employees for news and post-verifications, accelerated investments in artificial intelligence to police its platform and significantly increased …

Meituan Dianping – Is a One Billion U.S. Dollar Impairment Forthcoming?

In the frenzy surrounding China’s technology sector in 2017 and 2018, it is rumoured that a unicorn was created every week. For the uninitiated, in tech parlance a unicorn means a private company funded by a venture capitalist that is currently valued at US$1 billion. The realists amongst us know …

Tesla Motors – Gaining Industrial Strength

To the extent Q4-18 results from Tesla Motors (TSLA US) (“Tesla” or the “Company”) were expected to strengthen the hands of naysayers and bearish investors, the results were disappointing. Others that believe in Musk’s mission of getting rid of fossil fuels and freeing up valuable time from the chore of …

Bristol Myers Squib – Reaffirming Its View on Celgene Corp

Bristol-Myers Squib (“BMS” or the “company”) provided additional commentary on its acquisition of Celgene Corp (“Celgene”) which we discussed in Celgene and Bristol-Myers Squibb – Undervalued and Underappreciated . While the management of BMS maintained its positive stance, investors and analysts that participated in the quarterly conference call appeared skeptical …

Celgene and Bristol-Myers Squibb – Undervalued and Underappreciated

Happy New Year to all our readers. We took a break from writing in December and early January to recharge and are now back in earnest. There is a lot to write about and opine on, especially given that our inaugural year on the platform in 2018 proved especially fertile …

Tesla Motors Inc: Come Hell or High Water

Tesla Motors (TSLA US) (“Tesla” or the “Company”) was amongst the most reviled, the most shorted, and one of the most volatile stocks of 2018. Bearish investors, co-opted columnists, business television anchors that thrive on attention deficit disorder, both their own and that of the gullible viewership coalesced around a …

Tesla Motors Inc. — For Whom the Bell Tolls

In ANTYA’s view, Tesla Motors (TSLA US) (“Tesla” or the “Company”) is winning the war of attrition brought upon it by self-inflicted wounds courtesy its top management, and, fictional attacks undertaken via malicious stories in the news media by those bearish on the Company’s business prospects and therefore Tesla’s equity …

Meituan Dianping – Is the Impressive Growth Sustainable?

Meituan Dianping (3690 HK) (“MD” or the “Company”) reported third-quarter results that were impressive by any yardstick. Consolidated revenues jumped 97.2% YoY to RMB 19.07 billion, while gross profit increased by 33.2% to RMB 4.5 billion. All three segments of the Company viz. food delivery, hotel bookings & media, and …

Xiaomi Corporation – Running Harder to Stay Still

Xiaomi Corp (1810 HK) (“Xiaomi” or the “Company”) reported Q3-18 results on November 19, 2018, which appear to have excited some investors, because the stock moved up significantly on November 20, 2018. Nonetheless, since the publication of our bearish thesis covering the Company’s Q2-18 results in Xiaomi Inc. – Honest …

Xiaomi Corporation — Running

Xiaomi Corp (1810 HK) (“Xiaomi” or the “Company”) reported Q3-18 results on November 19, 2018, that appear to have excited some investors, because the stock moved up significantly on November 20, 2018. Nonetheless, since the publication of our bearish thesis covering the Company’s Q2-18 results in Xiaomi Inc. — Honest …

Tesla Inc. – The Debt Default Narrative – Why Are Bond Investors Sanguine?

Recently in the following insight,  Tesla’s Q3 Results Could Mark Its Peak and the Beginning of the End our colleagues at SC Capital expressed apprehension at Tesla Inc.’s (“Tesla” or the “Company”) ability to repay its debts coming due on March 01,2019. The authors say that; FCF [ Free Cash …

Tencent Music Entertainment Group – Much Ado Nah Music About Nothing!

Tencent Music Entertainment (TME US) (“TM” or the “Company”) filed a Registration Statement with the Securities and Exchange Commission on October 2, 2018, for a proposed American Depository Receipt (“ADS”) offering of $1 billion or more. The anticipated filing was much awaited given that Spotify Technology Sa (SPOT US) (“Spotify”) …
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