Investment Thesis
In this article we will focus on the gaming segment of NetDragon (HK: 0777) or (OTCPK: OTC:NDWTY). The company is currently up approximately 53% YTD and is trading at HKD 18.26. In our view, the stock price currently seems undervalued due to negative sentiment eminating from several political factors that we think NetDragon is less exposed to. Those negative sentiment drivers include the U.S.-China Trade dispute, the crisis in Hong Kong and the restrictive policy of Chinese authorities targeting the gaming industry.
Netdragon is not in an industry that is exposed to