Added to YB: 2024-11-06
Pitch date: 2024-11-04
9911.HK [neutral]
Newborn Town Inc.
+118.77%
current return
Author Info
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Company Info
Newborn Town Inc. operates as a social networking entertainment company worldwide. The company engages in the operation of MICO, a live streaming social networking platform; YoHo, an audio social networking platform; SUGO, a companion-based social networking platform; TopTop, a game-oriented social networking platform; LGBTQ+ platforms, including Blued and Heesay; and Finka, a social networking business.
Market Cap
HKD 9.8B
Pitch Price
HKD 3.65
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.10
P/E
19.43
EV/Sales
1.06
Sector
Interactive Media and Services
Category
growth
Newborn Town reports blowout business, but investors fail to move in
9911.HK (quick dive): Social media leader in MENA. Q1-Q3 rev +60.7-62.7% YoY to 3.24-3.28B yuan. 740M app downloads, 28.98M MAU. Strong growth since 2019 IPO, profit up 21.3% H1 2024. Stock volatile, trading at 6.7x P/E. Concerns: high costs, lack of analyst coverage. Potential if growth continues.
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