Added to YB: 2026-09-03
Pitch date: 2026-09-01
9911.HK [bullish]
Newborn Town Inc.
+4.34%
current return
Author Info
No bio for this author
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 1.6B
Pitch Price
HKD 8.52
Price Target
31.60 (+255%)
Dividend
N/A
EV/EBITDA
6.30
P/E
20.73
EV/Sales
0.96
Sector
Interactive Media and Services
Category
growth
Newborn Town: A Single-Digit P/E for a Business Growing 37%
9911.HK: Newborn Town is a predominantly ex-China portfolio of social-entertainment apps mislabelled as a Chinese dating business. At HK$8.84, it trades at 8.8x estimated 2026 earnings despite first-half revenue rising 37% and attributable profit 45.8%, with substantial net cash and active share cancellation. A 17x fair multiple implies HK$31.60 in three years, but weak MAU growth, margin compression, regulation and limited moat justify only a small initial position.
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