2024-04-01 08:33:22 ET
Summary
- Yatsen Holding Limited was a highly successful Chinese beauty products company but experienced a dramatic decline in sales and stock price.
- YSG has implemented a strategic transformation plan to adjust its revenue mix, increase skincare brands, and cut costs.
- The progress of the transformation is encouraging, with revenue growth and increased gross margins, but the company still faces risks and liquidity constraints.
Investment Thesis
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Buy Yatsen Holding Below Net Cash Value With Early Signs Of Turnaround