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Tea Henry's avatar

Looked at the net-net company w/ a minus EV in the weekend. But still have some margin of safety concerns.

#1 Performance highly related with performance at the box office, which is not predictable.

#2 There was a consecutive 3yrs loss from FY18-20, which made dividends pended with stock price plummeted by 90%.

#3 YoY growth of FY24 would probably at LSD-LDD, with a possibility of negative growth. With a rigid administration expense, bottom line drops morr significantly to sales.

At HK market, a certain stock could be wipe out by 50% or more market capitalization within one day.

Just wonder do you see any solid catalysts for FY24H2?

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Fede's avatar

Hi Sebastian, have you done any work on the listed parent Playmates Holdings (635 HK)?

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