- We initiate coverage on 17LIVE Group (SGX:LVR) with a BUY recommendation and DCF-backed target price of S$2.30 (WACC: 14.1%, TG: 1%). We believe 17LIVE Group can further optimize its revenue and operating model, thereby improving profitability from FY24 onwards.
Company Background
- - Read this at SGinvestors.io -
- Established in 2015, 17LIVE Inc (17LIVE) is a pure-play live-streaming platform with its main markets in Japan (68% revenue) and Taiwan (25%). Revenue is generated from the sale of virtual gifts and value-added services in real liver live streaming, virtual liver live (V-Liver) streaming, live commerce and audio live streaming.
- - Read this at SGinvestors.io -
- 17LIVE's live streaming is optimized for higher engagement with users compared with other platforms (e.g. TikTok, YouTube). The streaming time or content is longer, greater interaction with users and smaller communities are formed to build deeper connections.
Investment Highlights
Organic growth.
- Read more at SGinvestors.io.
Above is the excerpt from report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full report in PDF @ https://www.stocksbnb.com/.
Liu Miao Miao Phillip Securities Research | Paul Chew Phillip Securities | https://www.stocksbnb.com/ 2024-04-08
Price targets by other brokers at 17LIVE Target Prices.
Listing of research reports at 17LIVE Analyst Reports.
Relevant links:
17LIVE Share Price History,
17LIVE Announcements,
17LIVE Dividends & Corporate Actions,
17LIVE News Articles
