Momo (MOMO)

Momo (MOMO)

Postby winston » Wed May 24, 2017 10:59 am

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ASIA STOCKS TO WATCH Momo Shares Fall Despite Strong Q1; Buy on Dip?

By Isabella Zhong

Momo (MOMO) slipped 4.11% in New York trading on Monday despite the Chinese video social video app delivering a triple beat of analyst expectations with its March quarter results.

Momo’s top line of $265.2 million was 8% above the consensus analyst estimate, while its non-GAAP net profit of $90.7 million was a towering 39% higher.

Its outlook for revenue growth in the current quarter of between 186% and 191% was also stronger than what analysts were expecting.

That said though Momo shares have rallied 123% this year and trade at a not-so-cheap 37 times earnings.

But Jeffieries analyst Karen Chan sees further upside for the stock. Chan, who reiterated her buy rating on Momo, has lifted her target price from $42 a share to $52 a share, which implies 27% upside.

The analyst continues to see long-term re-rating potential as Momo accelerates its monthly active user (MAU) growth with improving monetization potential underpinned by live streaming and advertising.

Momo’s has been accelerating its MAU growth on rising user engagement for video:

Live video service revenue came in 8% above our estimate at USD213mn mainly driven by overall platform MAU growth acceleration (85.2mn as of 1Q17, +18% YoY) and increasing paying user ratio to 4.8%, +0.5pcpt QoQ.

We expect Momo’s open social platform to continue to drive video sharing and consumption while broadening its addressable user base. Following its branding campaign since mid-April, the company will step up its paid channel marketing and optimize operational efforts (i.e. live streaming tournament).

We currently estimate MAU to reach close to 100mn by YE17. Chan also sees room for Momo to boost monetization.

We also see solid growth in mobile marketing (+45% YoY), driven by higher eCPM and sell-through rate, as well as VAS (+54% YoY) given better integration of virtual gifting with social use cases other than live streaming.

We revised up FY17/18 revenue est. by 9.5%/12% and profit est. by 11%/20.3%. Although stock has rallied by 88% since our initiation (see note) compared to NASDAQ of 8%, we continue to see long-term re-rating potential as Momo accelerates its MAU growth with improving monetization potential as a social entertainment app.

Source: Barron's Asia

http://www.barrons.com/articles/momo-sh ... 1495592283
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Re: Momo (MOMO)

Postby winston » Thu May 25, 2017 12:03 pm

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Hot Stocks That Could Crash 20% or More: Momo (MOMO)
YTD Return: 109%

A number of Chinese stocks declined after Donald Trump’s surprise win, including social networking play Momo Inc (ADR) (NASDAQ:MOMO).

MOMO shares dropped from $25 to $17 in a matter of weeks. But since then, the stock has lived up to its ticker: a pure momentum play.

MOMO has gained 150% just since mid-December. Impressive Q4 revenue growth of 524% has boosted optimism toward the stock. But there are a few fears, including …

The roll-out of live-streaming video has driven the increased sales, which could be problematic longer-term. The Chinese government continues to focus intently on the space, raising regulatory risk.

Competitors including YY Inc (ADR) (NASDAQ:YY) and Tencent Holdings Ltd (OTCMKTS:TCEHY) are fighting for market share as well.

YY stock, notably, is far cheaper than MOMO, which now trades at a double-digit multiple to trailing revenue. That’s a high multiple, even as quickly as that revenue is growing.

Clearly, the market is much more confident about Chinese stocks in general — see also the recent gains in Alibaba Group Holding Ltd (NYSE:BABA), as well as Macau-facing casino stocks. Fears of a Trump-driven trade war have subsided, too.

But China’s economy still has plenty of risk, and so does MOMO stock.

Source: Investor Place
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Re: Momo (MOMO)

Postby winston » Thu Aug 24, 2017 12:53 pm

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Oversold is an understatement

Momo reported a strong set of beats: Revenue was 9% ahead of CS/street estimates due to strong growth in livestreaming revenue (+22% QoQ).

Guidance is strong, up 8-10% QoQ, 10% ahead of CS/street. MAU net addition was 6 mn in the quarter, up 7% QoQ.

Momo’s livestreaming paying users at 4.1 mn were flat QoQ, but VAS paying members were up c.1 mn QoQ to 4.5 mn. This shows that new features launched in the new version are gaining strong traction in terms of creating new using scenarios. Long-tail hosts and users have migrated to new products such as Quick Chat; yet its paying users (>800k monthly) are not counted.

Adjusted OPM was better than expected at 28%. S&M expenses were US$69 mn, and we expect a similar level in 3Q. More investments will be made in direct user acquisitions in 3Q, likely
further accelerating MAU growth.

Stay OUTPERFORM; TP up to US$52 on 22x 2018E P/E: We suggest accumulating on the dips as the market may have overreacted to the paying user trend, yet underappreciated its successes in new features. At 15x 2018E P/E, the stock appears cheap vs a 67% 2Y CAGR.

Source: CS
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Re: Momo (MOMO)

Postby winston » Sat Aug 26, 2017 7:26 pm

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Is the Dip in Momo Inc (ADR) (MOMO) Stock an Opportunity?

Investors bought MOMO stock on the rumor, but sold the news, as usual. Here are two things to watch going forward.

By Matt McCall

First, Momo’s costs and expenses have been increasing lately, and during the last two quarters they have outpaced revenue growth and monthly active user growth.


The stock has important support between $33 and $35 (the black lines). If it can build a base in that area over the next week or two, it could be time to start buying again.


Source: MoneyWire

http://investorplace.com/2017/08/is-the ... aFS68ig-M8
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Re: Momo (MOMO)

Postby winston » Tue Oct 24, 2017 9:59 am

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Momo Stock: Goldman Sachs Shows High Hopes

By Christian Tharp

In August, Goldman Sachs started covering Momo stock with a price target of $56.

The company which once used to provide only location-based social platform now offers a complete entertainment platform where people can interact using video, audio and text.

Momo’s platform is used by over 91 million people per month.

Live streaming revenue increased by 22% sequentially in the second quarter.


Source: Tech Stock Sensei

http://techstocksensei.com/2017/10/momo ... chs-yahoo/
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Re: Momo (MOMO)

Postby winston » Tue Nov 28, 2017 10:43 pm

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Oct 17, 2017

3 Reasons To Consider Momo

Summary

The introduction of new product offerings has shifted the 'dating and video' image of the company.

MOMO is well-positioned for strict regulations from the government.

The branding efforts are showing results in terms of user engagement leading to new monetization opportunities.

Around 91 million monthly active users.

I believe the company’s stock price should be at least $48 which is at least 40% upside.


Source: Seeking Alpha

https://seekingalpha.com/article/411399 ... ngcom_feed
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Re: Momo (MOMO)

Postby winston » Wed Nov 29, 2017 7:51 am

Why Momo, Inc. Stock Dropped Today

The Chinese social media company fell even after posting another strong quarter.

by Steve Symington

Momo's third-quarter revenue climbed 126% year over year to $354.5 million, primarily driven by a 179% increase in live video service revenue to $302.6 million.

That translated to adjusted net income (attributable to Momo) of $93.8 million, or $0.45 per diluted American depositary share (ADS), up from $49.5 million, or $0.24 per share in the same year-ago period.

Forward PE 14? (25/1.80)


Source: Motley Fool

https://www.fool.com/investing/2017/11/ ... lrf0000001
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Re: Momo (MOMO)

Postby winston » Thu Nov 30, 2017 7:40 am

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Nov 29, 2017

ASIA STOCKS TO WATCH MOMO Shares Slump 18% Despite Strong Earnings, Buying Opportunity?

By Adam Routh

Momo's third-quarter revenues surged 126%% year-on-year to USD354.5 million, beating broker estimates.

Earnings per share soared 87.5% to $0.45 compared to $0.24 in the same period last year.

Monthly Active Users (MAU) grew only 3.4% quarter-on-quarter.


Jefferies has a buy rating but has lowered her price target to USD50 a share from USD54.


Source: Barron's Asia

https://www.barrons.com/articles/momo-s ... 1511933110
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Re: Momo (MOMO)

Postby winston » Thu Nov 30, 2017 10:45 am

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Live-streaming into transition phase; quality growth ahead on deep valuation

Momo’s live-streaming paying users at 4.1mn were QoQ flattish again, as light spenders are diverted to new social feature, while high spender base still grows well, both in size and ARPU.

Assume coverage with OUTPERFORM and TP at US$31, based on 15x 2018 P/E. We believe the post-earning drop has more than priced in uncertainties in live-streaming transition, but
overlooked the monetization potential in solid user growth and retention improvement.

Assume coverage with OUTPERFORM and TP at US$31

We cut adj. EPS by 5%/7% for 18/19E on more moderate livestreaming growth and GPM drag. We continue to like Momo as a compelling and emerging social network, plus solid track record on
live-streaming monetization.

Our TP is based on 15x 2018 P/E (0.7 PEG on 22% EPS CAGR), and the post-earning drop offers wide margin of safety on deep valuation.


Source: CS
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Re: Momo (MOMO)

Postby winston » Sat Dec 02, 2017 10:35 pm

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This Stock Could Offer Outsized Growth at a Reasonable Price

by Louis Navellier

It started as a dating service app for the huge amount of young people who were migrating to the booming cities around China.

China has 20 cities with a population of more than 7 million. The U.S. has one.


Recently, it has gotten into the streaming business — live concerts, performances and other content that it can charge its nearly 90 million Monthly Active Users a premium to use.


Source: Investor Place

http://dailytradealert.com/2017/12/02/s ... ble-price/
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