Chart is breaking out through key $75 resistance and we believe it gradually grinds higher towards $80+ over next 3 to 6 months. Three part bull case presented: 1) The technical view, 2) Bookings in excess of billings, and 3) Large $10 billion VA contract that was delayed but is now going into effect in 2H20.
We are seeing strong green shoots in travel / leisure stocks as covid-19 cases come down, US hospitalization rate improves, progress for vaccine improves, and most importantly people finally become accustomed to wearing a mask and going about their normal life. Several travel data points discussed, all showing sequential improvement and large call buyers are starting to step into the group.
Stocks discussed: $MAR $HLT $BKNG $EXPE $TRIP
$DAO is a high growth distance learning online platform in China that is making significant progress in under penetrated markets of rural areas and going after big competitive threats from $TAL and $EDU. End markets are big and there is room for multiple players. The company is differentiating itself by extensive use of digital pens, apps and cloud integration that supports sticky consumer base and creates a moat around business. This, plus many other things discussed. Full write up and slides are attached below.
For video presentation, slide deck and research note, please go HERE
Second episode of Chinese Tech Demystified with discussion on Huya. What does the company do, how it carries the commanding market share of digital video game streaming, what do financials look like, and lastly future growth prospects with rising user base. For full video, research note and presentation slides, please go HERE.