CICC Initiates Yeahka at OUTPERFORM with HK$98.20

HONG KONG, Mar 10, 2021 – (ACN Newswire) – CICC initiates protection on Yeahka Limited (9923), a number one payment-based know-how platform in China, with an “outperform” ranking and a goal value of HK$98.20. CICC is upbeat on Yeahka’s dual-growth-driver (fee + value-added companies) enterprise mannequin and the expansion potential of the Company’s QR code fee and advertising companies.Key takeaways from the report embody: Core fee companies: Yeahka concentrates on providing built-in QR code fee companies for small and micro retailers: 1) QR code fee: CICC expects Yeahka to attain speedy development within the subsequent 5 years; 2) QR code fee companies function high-frequency and broad client base; 3) Yeahka’s excessive revenue-sharing ratio for gross sales brokers and its technique that targets small and micro retailers will drive speedy development in service provider quantity. Value-added companies: Huge room for commercialization primarily based on its “data + scenario + traffic” enterprise mannequin: 1) Marketing companies: CICC expects high-frequency transactions (QR code fee) and twin enlargement drivers (proprietary R&D + M&A) to be the important thing drivers for Yeahka’s income and revenue development; 2) Merchant SaaS merchandise empower small and micro retailers to enhance buyer stickiness. CICC sees monetization potential in the long term; 3) Yeahka’s fintech companies enterprise is anticipated to attain delicate development within the short-to-mid run. Strong web background permits Yeahka to supply focused companies; growing R&D funding is anticipated to speed up product upgrades: 1) Yeahka’s administration workforce possesses in depth expertise within the web sector 2) Yeahka has a strong shareholder base, which incorporates web big Tencent; 3) Its robust R&D workforce is anticipated to spice up product upgrades. Copyright 2021 ACN Newswire. All rights reserved.
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