26
April2024
Vitarka
ANTYA’s views on investing markets, economy, and more
Latest Insights
Meituan Dianping– As Good As It Gets?
Meituan Dianping (3690 HK) (“MD” or the “Company”) defied the expectations of many on the platform, including us by pricing its IPO above our estimated range and then delivered a strong performance on day one of trading. As discussed in our report Meituan Dianping – Peak Value Is Estimated @ …
NXP Semiconductor N.V. – Riding the Autonomy Wave
NXP Semiconductor N.V. (“NXPI”, or the “Company”) held its investor day on September 11, 2018, after a hiatus of two years. In the intervening period the entertaining saga involving Qualcomm, Broadcom Limited (AVGO US) and Elliott Advisors played out without providing an ending that pleased anyone. As discussed in our …
Tesla Inc. – Quantitative Succor for Ethical Ineptitude
Elon Musk (“Musk”), the chief evangelist for Tesla Motors (TSLA US) ( “Tesla” or the “Company”) took one puff of marijuana on youtube, and all hell broke loose. For the uninitiated, marijuana use is legal in California and many other U.S. States, although federally in the U.S., it is still …
Tesla Inc. – A Chastised Musk Is a Win for All Shareholders; Thankfully This Too Shall Pass
Elon Musk, CEO of Tesla Motors (TSLA US) (“Tesla” or the “Company”) admitted failure in his haphazard attempt at taking Tesla private. In a blog post on the Company’s website, Musk outlined three key reasons for staying a public corporation, all of which were evident to many commentators and a …
Meituan Dianping – Alibaba Investing Billions to Reach 50% Market Share
Alibaba Group (“Baba”) reported its Q2-18 results before U.S. markets opened for trade in August 23, 2018. At this juncture, we refrain from commenting on Baba’s results and its outlook. Instead, we gleaned additional information on the logistics business and plans for the segment going forward, and its likely impact …
Xiaomi Inc. – Honest Pricing Contributes to Declining Margins. We Remain on the Sidelines.
Xiaomi Corp (1810 HK) (“Xiaomi” or the “Company”) reported its first-quarter as a public Company after the close of the Hong Kong market on August 21, 2018. Given the massive PR campaign surrounding the IPO to drum up investor interest in subscribing both to Xiaomi’s shares and its brand of …
Xiaomi Inc. — Honest Pricing Contributes to Declining Margins. We Remain on the Sidelines.
Xiaomi Corp (1810 HK) (“Xiaomi” or the “Company”) reported its first-quarter as a public Company after the close of the Hong Kong market on August 21, 2018. Given the massive PR campaign surrounding the IPO to drum up investor interest in subscribing both to Xiaomi’s shares and its brand of …
NIO Inc. – Rumoured Saudi Interest in Lucid Motors – What Does It Tell Us About NIO and Tesla?
On August 19, 2018, Reuters broke an exclusive story suggesting that PIF, the Saudi Arabian sovereign wealth fund, was in talks to invest in an electric vehicle start-up called Lucid Motors Inc. (“Lucid”) based in California. The story highlights that PIF and Lucid Motors have drawn up a term-sheet under …
NIO Inc. – NIO for the Braveheart and Tesla for the Warrior in You
NIO Inc. (“NIO”, or the “Company”) intends to raise US$1.8 billion from prospective investors in the United States to execute on its vision of becoming a meaningful player in the Chinese Battery Electric Vehicle (“BEV”) marketplace. NIO’s plan is to focus on the all-electric mid-range SUV segment, 5-seater, and 7-seater, …
Tesla Inc. – NIO Inc. Registration Statement Highlights Tesla’s Opportunity in China
NIO Inc (NIO US) (“Nio” or the “Company”) filed a Form F-1 registration statement with the SEC for a proposed public offering of US$ 1.8 billion on August 13, 2018. Nio is an upcoming electric vehicle manufacturer from China, with the aim of creating premium battery-operated electric vehicles (“BEV”) to …
Meituan Dianping – Market Domination & Share Gains to What End?
Meituan Dianping’s (MEITUAN CH) (“MD” or the “Company”) plans for selling equity to outside investors could not have come at a more inopportune time. Since the filing of the IPO prospectus on June 25, 2018, the war of words between China and the U.S. has seen an escalation with both …
Meituan Dianping – Peak Value Is Estimated @ US$ 7.50/Share
Meituan Dianping (“MD” or the “Company”) is undertaking an IPO at a very precarious time in global trade and capital flows. President Trump’s “America First” agenda could be a red herring or result in a real policy shift. It is hard to tell! So far investors seem to believe in …