Anlıns, Bact, Bısv, Bısv08, Cmpny, Deal1, Fın, Fıne1, Fıns, Fıns08, Fınte, Fınte1, Fnmkt, Ftech, Insetr, Insr, Invbıs, Invm, Invman, Invs08, Ipo, Itse, Itse08, Netsv, Stx, Swıt, Tech, Tech08, Tmt, Vcrım, Xdnp, Xpco, Xpmf, Xrnp, Easıa, Amers, Us, Namer, Asxpac, Emrg, Cn, Asıa

Anlıns, Bact

Capital Calls: A grim reading from Ant’s valuation tea leaves

Concise insights on global finance.

5/4/2021 7:06:00 AM

A grim reading from Ant’s valuation tea leaves, says mak_robyn in Capital Calls:

Concise insights on global finance.

, and a political campaign against founder Jack Ma adds more uncertainty.U.S. asset manager Fidelity Investments has repriced its stake. In a February filing it marked down its position by half compared to August last year, implying a total valuation of $144 billion for Ant, the Wall Street Journal reported

Tens of thousands protest across North America in solidarity with Palestine Why Trump could soon be ‘looking down the barrel of a federal indictment’ Ten million reasons to vaccinate the world

read more.That looks generous. Take Ant’s stable digital payments business. If the unit resumes its pre-pandemic growth rate of 17% achieved in 2019, that implies revenue of 61 billion yuan this year, based on annualised 2020 figures. U.S. peer PayPal

boasts a 15% operating profit margin and an enterprise value 46 times forecast operating profit. On those assumptions, the payments arm is worth only $64 billion. Ant’s other business units could get smaller yet. (By Robyn Mak) Read more: ReutersBreakingviews »

Seeing NASA’s Ingenuity Mars Helicopter Fly in 3D

A new video gives viewers the sensation of standing on the Red Planet and seeing the action firsthand.