Published Fri, 15 Mar 2019 10:48:09 -0400 on Seeking Alpha
I have been writing about Momo (MOMO) since July 2017, when I introduced it as the third stock in the Potential Multibaggers series. I have written six previous articles and in all of them, I was very positive about this Chinese mobile platform. I am amazed that the stock is still so cheap. On Tuesday, March 12, 2019, Momo released its Q4 and FY 2018 earnings. Again the results were excellent: as every single quarter since its IPO in 2015, Momo beat on earnings and revenue and the stock popped: +12%. But even after this rise, the stock is incredibly cheap.
Momo, a short introduction
For those who wouldn't know Momo, a quick introduction.
Momo is a mobile platform in Chinese. The original app was a social networking platform based on location and interests. Basically, this means that you can meet people who are near you and/or have the same interests as you. That gave it its name of a hook-up app, although the company didn't like that at first. But Momo has much more: chatrooms, karaoke, social groups, social mobile games, etc.
The first big shift for Momo come with Hani, its stand-alone video application. A year ago Momo had its second big shift: it bought TanTan, which you could call the Chinese Tinder. I thought this was an excellent acquisition since Momo had become the most important dating app and TanTan was number two.
(logo of Tantan, Google Play store)
Momo: always beating
On Tuesday, March 12, Momo jumped 12% after it... Read more