Patrick Gregory's Personal Meeting Room - Shared screen with speaker view
Who can see your viewing activity?
Because of government intervention? Or individual purchasing power?
you mean achieving Alibaba's size?
and 腾讯 yes
Theres a huge difference in population also, half of China’s
Could you shed more light as to why Free Fire is profitable? Do they have an in-game currency, is this mobile/p.c? Type of game, MMORPG/ FPS?
SeaMoney: Tower of credit risk?
How do you see companies like Shopee, Sea Money, Grab pay, etc to keep their competitive advantage? I lived in Singapore for 4 months and I noticed that there was a significant amount of competition in these areas and they all look very similar.
There were rumors about China creating a digital currency. Would this play in as a risk towards the fintech business? What if USD no longer becomes the currency of choice?
Also, is Ad revenue equally strong in a third tier market? Does number of users translate to more revenue as compared to developed markets?
Do they have good banking experience?
How does Sea Money compare to WeChat Pay. Is Tencent also helping them with Sea Money in any manner?
If SE Asia is a cash based economy, how will consumers handle digital debt?
What is the financial literacy in South East Asia, that brings forth awareness to their credit scores? In the US, financial literacy is pretty low
On the same note to Jerome, how did the Chinese population adapt to the move towards digital debt?
What do u feel differentiated you from your peers that helped you start a fund at such a young age?
How do you see the threat of deglobalization because of coronavirus on your thesis’ around southeast Asian growth?
I'm curious to learn how you gather and process primary information since you are based in the USA. How do you verify information you were given/told or saw from the media?
@CommServiceTeam: HUYA is looking good!
What compels people in south east Asia to shop on shoppee or pay using sea money instead of using Alibaba, AliExpress, Alipay, or WeChat pay— established companies that already have user trust
Yes, you did. Thanks.
So what about Sea Limited?
In terms of governance?
Thanks for all the info. Very informative!
IF you look at LK you had shareholders like Lone Pine, Melivin who have seemingly endless resources.. What are you doing differently in your research process or what resources/sources do you use that are different to get over the fear of the trap door in your scenario analysis...
thanks for hosting this chat! Thanks Dennis for speaking to us! Very insightful.
Thank you Dennis!
Thank you Dennis!
For those of you not in BCF, pitches require a 70% approval rate by BCF members in order for our teams to actually execute the trade.
Thankyou Patrick for highlighting the importance of primary research that Zach exhibited
Is it S&P500 the benchmark or SPY? It matters as S&P500 is total returns (dividends reinvested) while SPY does not reinvest dividends.
Thank you so much for making this!
Hat tip to the Quant team...
Thank you guys!
OK, it is not that minor over 10 years!
The dividends are added in to the portfolio analysis function for SPY using bloomberg
OK, makes sense.
Can you talk about your forecast on restaurant revenues over next few quarters? And remind us of their market segment % again?
Can you touch a bit on the $500M convertible preferred equity investment received today from KKR? How do you see that partnership affecting the firm’s business operations?
I may be missing it, but can anyone point me to the place in the slides or report that include the specific comparables?
How does this compare with our current holdings in the sector? Where does it fit in?
@Adam I see in the model there are only 3 comps, United Natural Foods (UNFI), Sysco (SYY) and Performance Food Group (PFGC)
Given the declines in retail and restaurants that your are forecasting, how do revenues and ebitda stay flat in 2020?
I see that also, but no numbers populated in the model I opened. Maybe a tech issue for me...
^ his circuit breaker might accidently be on. See if it is or enable iterations (I had to increase mine to 1000) for the model to populate
Nope - it’s the FactSet Codes. I’m trying to access on my iPad.
I could be missing info here but this slide is showing revenue growth from 2020-2021 as well as a negligible decline from 2019-2020— is this realistic given slump in demand from Corona
I meant Distribution Charges* . Thank you
Thank you everyone. I have to go. All the best! Happy investing!
Thank you everyone.
Is distribution affected by the travel bans/ pandemic?
How are you planning to fund the position? How will the position's weight compare to other holdings?
how is it trading compared to itself? The price is basically at an all time high... so why now?
Thoughts on Comcast’s acquisition of streaming service Vudu? How will this be integrated with Fandango/Peacock?
I can attest to these 2am debates relatively often