Professional
Added to YB: 2024-05-21
Pitch date: 2024-05-19
2660.HK [bullish]
Zengame Technology Holding Limited
-34.01%
current return
Author Info
Idea Brunch is an interview series where great off-the-beaten-path investors share their best ideas and insights about their research process. Yellowbrick users get a 20% discount for life
Company Info
Zengame Technology Holding Limited, an investment holding company, develops and operates mobile games primarily in the People’s Republic of China.
Market Cap
HKD 2.1B
Pitch Price
HKD 3.42
Price Target
N/A
Dividend
6.61%
Sector
Entertainment
Category
value
Idea Brunch with Roger Fan of RF Capital - Zengame Technology Holding Limited
2660.HK: Top casual mobile game dev in China at 5x P/E & FCF w/ 6.25% div yield. Flagship games consistently rank top 5 on iOS. 47% pre-tax ROIC signals edge. Weak H2 '23 concerning (KPIs down but ARPPU up), but industry growing. 43% mgmt ownership, strong balance sheet, & cheap valuation provide margin of safety.
Read full article (4 min)