KUASF News and Press, Kurnia Asia Bhd From 05/21/23

2023-05-21 11:14:00 ET Summary Two small deals priced this past week, neither of which were eligible for inclusion in our IPO stats, while one issuer delayed to the week ahead. The week’s news was driven by Cummins spin-off Atmus Filtration, which launched its $275 mil...

2023-05-14 07:00:00 ET Summary No IPOs began trading or submitted initial filings this past week, as the sole scheduled deal, Strong Global Entertainment, was delayed to the week ahead. Vietnamese EV maker, VinFast, announced plans to merge with SPAC Black Spade Acquisition. T...

2023-04-04 13:14:00 ET Summary Kuaishou Technology's Q4 2022 sales beat the sell-side's consensus estimate by +3.7%, while its quarterly net loss of -RMB45 million was way better than the market's consensus forecast of -RMB303 million. Kuaishou's shares have pulled back significan...

2023-03-29 12:10:22 ET Kuaishou Technology (KUASF) Q4 2022 Earnings Conference Call March 29, 2023, 07:00 AM ET Company Participants Matthew Zhao - VP of Capital Markets, Investor Relations Cheng Yixiao - Co-Founder, Executive Director and Chief Executive Officer ...

2023-03-29 10:20:36 ET Kuaishou Technology press release ( OTCPK:KUASF ): FY Revenue of RMB94.18B (+16.2% Y/Y). Adjusted EBITDA of RMB1.9B Gross Profit of RMB42.13B For further details see: Kuaishou Technology reports FY results

Summary The IPO market was quieter than expected this past week. Both deals on the calendar delayed, and there was no wave of post-Presidents’ Day launches. With no large post-Presidents’ Day launches this past week, six small companies are scheduled to list in the week ah...

Summary Tencent's revenues have been decelerating, largely as a result of economic and regulatory headwinds that have impacted the sector in general, but those headwinds are receding. Having dominated the games market on home soil, Tencent is expanding overseas and is seeing positive tr...

Summary Kuaishou announced that the company's controlling shareholder reduced its equity interest in Kuaishou, which suggests that its shares might be fairly valued now. It could take a slightly longer time for the tailwinds relating to China's reopening to be reflected in Kuaishou's fi...

Summary Kuaishou continues to see strong topline growth, driven by robust growth in its advertising and eCommerce business segments. There is room for growth with the company continuing to expand and diversify its user base, and invest in enhancing competitiveness through logistic...

Summary Now in its 14th year, the Nov. 11 online shopping extravaganza known as “Double 11,” or “Single’s Day,” has always been regarded as a showcase of Chinese consumers’ buying power. This year’s event will undoubtedly be oversha...