Hello guys I am new to valuepickr. Been an investor for last 5 years. In current environment I see very few pockets to invest. So I looked abroad. “Hang seng tech index” attracted me. At such historical low valuation I wanted to invest in mirae hang seng tech fund. I already did such an investment in nyfang+ during last year(good returns).
But coming to china I have few apprehensions:

1. Enemy state – possibility of restrictions from our govt in future.
2. chinese restrictions on foreign investments – which they are known for.

I see very good upside but the probability of investments becoming zero is also high. What do you people think. Any opposing views are welcome.

It is true that they are not aggressive. But 20% growth seems pretty good here. Also if you look at their EVEBIDTA, it is around 24 while for Max, it is close to 50.
I do not find the stock expensive.Though they are conservative in guidance, I think they should do good in long term.

IRM Investors-Presentation-Q3FY24.pdf (796.5 KB)

Dear @Amit2saxena This is a good writeup.

I believe Matrimony is a very undervalued bet. For 1100cr, one gets 350cr of cash and a business that generates 50cr of annual PAT. In the last one year, the Company added 20cr of revenue but that unfortunately went into provisioning for the Google payments. In the next one year, the next 20cr should help grow to 65-70cr PAT. This makes it valued at <20x PE for a true consumer company with very high ROE. Should competitive intensity reduce the Company is likely to see a lot of leverage flow from the 200cr of advertising expense (that does not add to sales), which could result in disproportionate returns.

Cheers

Safe to assume, I and everyone I know may have a vested interest in everything I post about. Nothing is a recommendation