Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 2 September 2022, 19:30 HKT/SGT
Share:
Jefferies maintains Buy rating on Yeahka (9923.HK)

HONG KONG, Sept 2, 2022 - (ACN Newswire) - Yeahka (9923.HK), the leading payment-based technology platform in China, announced its 2022 interim results in late August. During the period, total revenue climbed 17.1% to RMB1,641.8 million, gross profit rose 52.1% to RMB529.3 million, and gross margin increased from 24.8% to 32.2%.

"Yeahka's 1H revenue and adjusted EBITDA beat our estimates. Management highlighted multi-channels strategies to embrace in-store e-commerce opportunities and reaffirmed full-year GMV guidance. We expect it to maintain fast growth trend in 2023 due to the huge addressable market ahead. We revise our payment volume assumptions in 2H due to the recent resurgence of the pandemic and estimate take-rate to be better than expected for the full year," Jefferies says in its newly released research report.

Jefferies emphasizes that Yeahka is one of the 16 payment service providers with a national bank card acquiring license and mobile phone payment license from the PBOC, which currently has 7.3m active payment service merchants. The payment business provides traffic, merchants and data insights to Yeahka, in particular payment and online marketing services. Backed by its merchants and consumer networks in payment, Yeahka adds value to merchants through SaaS products in digitization, online marketing through DSP platform and fintech services.

According to the report, Jefferies maintains its Buy rating with PT of HKD21 on Yeahka based on PEG. It applies a 10% discount to PEG due to uncertainties of macro headwinds and pandemic outbreak, factoring in the recent business developments with a focus on GPV and customer growth, while the support to merchants and investments in new initiatives are important for the long term.



Topic: Press release summary Sectors: Cards & Payments, Cloud & Enterprise
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Latest Press Releases
Everest Medicines Unveils Breakthroughs in AI+mRNA Platform, Reinforces Global Leadership in Next-Gen mRNA Innovation  
July 4, 2025 18:59 HKT/SGT
DENSO Acquires Axia Vegetable Seeds to Realize Sustainable Agriculture  
Friday, July 4, 2025 3:20:00 PM
MHIET Launches 450kW Gas Cogeneration System Capable of Hydrogen Co-Firing  
Friday, July 4, 2025 2:13:00 PM
INVEST FAIR Malaysia 2025 Spotlights Investor Trends, Multi-Asset Literacy, and Tech-Driven Platforms  
July 4, 2025 13:00 HKT/SGT
Yachiyo Engineering and NEC launch adaptation finance study in Indonesia to calculate the adaptation value of disaster prevention measures  
Friday, July 4, 2025 12:25:00 PM
Fujitsu to implement store monitoring solution for METRO Inc. in Canada, enhancing operational efficiency and policy compliance  
Friday, July 4, 2025 12:19:00 PM
Chinabank Fully Transitions Into AI-powered Human Capital Management  
July 3, 2025 20:30 HKT/SGT
UOB Hong Kong becomes first Singapore-based bank to sign MOU with HKTDC  
July 3, 2025 16:29 HKT/SGT
Fujitsu to develop ETF trading platform based on TSE's CONNEQTOR and provide it to Australian Securities Exchange  
Thursday, July 3, 2025 10:14:00 AM
AI-Powered CX, Operational Efficiency, and Smarter Journeys Redefining Strategies Across UK Enterprises: Customer Experience Live Show UK 2025 Unveils Industry Priorities  
July 3, 2025 08:59 HKT/SGT
More Press release >>
 Events:
More >>
 News Alerts
Copyright © 2025 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: