Shares & Derivatives
Took a glimpse at IGG (HKEX 799)
By Investing Thoughts  •  June 24, 2020
Introduction IGG might be unfamiliar to Singapore Investors but this company has its headquarters based in Singapore. While the company might be more unknown, its games such as Lords Mobile and Castle Clash would ring a bell more in mobile gamers or those that frequent app stores more often. Castle Clash: Guild Royale - Apps on Google Play Lords Mobile was launched in 2016 and Castle Clash back in 2013. Valuations (Based of closing price as of 24 June 2020) Price: 6.1 PE: 5.87 PB: 2.6 Dividend Yield: 5% Dividend Payout: 30% As per most game companies, the price to book exceeds 1 and similar to game companies that are of small caps, the PE is usually a single digit. Financials As of end 2019, the company had cash minus liabilities of 205 million USD, which equates to roughly 1.27 Hkd, 20% of the current market cap of the company. In this aspect, the company is definitely in good financial health The 'Nah' Factors 1) Revenue Decline in its games since January 2018. ...
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By Investing Thoughts
Age 25, currently doing part-time. Studied in NTU as a Banking and Finance student. Also known as zzxiaoboizz Enjoys doing equity research and investing. Currently vested in Hong Kong and Singapore listed Equities Would pen some of his thoughts here. Also enjoys watching concerts.
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