25
April2024
Vitarka
ANTYA’s views on investing markets, economy, and more
Latest Insights
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:We Estimate Value at USD 3.77 Per Share; Lower Than Many Expect – $11.7 B for TME
Tencent Music Entertainment (TME US) (“TME” or the “Company”) has unintentionally launched its IPO in times of souring global equity markets, and an escalating trade battle between China and the United States. Nonetheless, long-term investors will bite the bullet in these trying times, and subscribe to the IPO, if they …
Tencent Music: Part 3 – Reverse Merger with China Music Corporation; Idiosyncratic Data Disclosures
Tencent Music Entertainment (TME US) (“TME” or the “Company”) has been positioned as the Spotify Technology Sa (SPOT US) of China. We have already discussed our reservations regarding that moniker in Tencent Music Entertainment Group – Much Ado Nah Music About Nothing! and so have others including Tencent Music Entertainment …
Tencent Music Entertainment Group: Part 2 -The Curious Case of Acquiring Ultimate Music Inc.
Following up on our previous insight on Tencent Music Entertainment Group (“TME” of the “Company”) in this update we look at the acquisition of Ultimate Music Inc. (“Ultimate) by TME in 2017. Although the experience has shown that billion-dollar deals just fall from the blue skies of China, the acquisition …
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”) …
Tesla Inc.-Undermining Naysayers and Nabobs of Negativity ; Q3-18 Will Again Surprise to the Upside
If one paid attention to the media circus, and to the quick to the gun sell-side equity analysts of Friday, September 28, 2018, then both Tesla Inc . (‘Tesla” or the “Company”) and Musk were staring down a dark alley, out of which no one else but Batman might escape. …
Tesla Inc.:Elon Musk Settles SEC Fraud Charges;Tesla Charged With and Resolves Securities Law Charge
THIS RELEASE HAS BEEN SOURCED FROM SEC. The Securities and Exchange Commission announced today that Elon Musk, CEO and Chairman of Silicon Valley-based Tesla, Inc., has agreed to settle the securities fraud charge brought by the SEC against him last week. The SEC also today charged Tesla with failing to …
Tesla Inc. – SEC Overreaching to Pin Musk; Unlikely to Succeed
To the chagrin of investors bullish on Tesla Motors’ (TSLA US) (“Tesla” or the “Company”) prospects, and to the delight of those bearish on the Company’s equity valuation and the prognosis for its business going forward, the Securities & Exchange Commission (“SEC”) alleged in a court filling in the New …
Niu Technologies – Another EV Upstart From China; This One Has Zest
Niu Technologies (“Niu” or the « Company”), an all-electric scooter maker from China, has filed a registration statement with the SEC to sell equity securities in the form of American Depository Receipts. Niu is coming to the market at an interesting time given the recent IPO of NIO Inc (NIO …
Tencent Holdings: China’s “One Foot, One Punch, One Inch” Initiative Undermines Tencent.
In ANTYA’s view, it is now an opportune time to place bearish bets on Tencent Holdings (700 HK) not only because of the global macro backdrop, but more importantly due to the notice issued by the Chinese Ministry of Education on August 30, 2018, titled “Implementation Plan for the Prevention …