MCM Partners

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Founded in 2012, MCM Partners is a Hong Kong-based financial services boutique providing bespoke advisory, research and execution services to a diverse and sophisticated clientele. Our experienced team offers a broad spectrum of tailored solutions, ranging from access to Asia’s extensive investor base to precise execution with global reach. MCM Partners is the trading name of MCM Asia Limited, and is regulated by the Hong Kong Securities and Futures Commission (Registration #BAR474).

Regulatory Information

  • Regulatory Status: Regulated
  • ID Number: BAR474

Ryan Roberts
  • Ryan Roberts
EUR 130.54
SOHU Sohu.com (N Sha...

Sohu SOTP update – is dawn about to break?

Update our SOTP incorporating Q4 performance of subsidiaries Changyou & Sogou. Looking at the core Sohu business, we see an interesting profit trend Adjust our PT to 64 USD, keep hold rating pending further clarity

SOHU SOHU.COM (N SHARES)
02/05/18 February 5, 2018 7 EN
Ryan Roberts
  • Ryan Roberts
EUR 130.54
SOHU Sohu.com (N Sha...
0CYA Changyou.com Lt...

Changyou’s Q4 misses company, street top & bottom lines

Revenue 144 vs. 150 MM USD est., non-GAAP EPADS 0.64 vs. 0.81 USD est.Q4 results short of both company & street expectations, outlook softSlumping KPIs make the privatization look more attractive

SOHU SOHU.COM (N SHARES)
0CYA CHANGYOU.COM LTD. SPONSORED ADR CLASS A
02/05/18 February 5, 2018 11 EN
Ryan Roberts
  • Ryan Roberts
EUR 130.54
6CB Global Cord Blo...

China Cord Blood buyout back in play

They’re baaack: Nanjing Xinjiekou takes a big stakeImplied valuation is about 18 USD per shareValuation confirmed by our DCF & RV    

6CB GLOBAL CORD BLOOD CORP (N SHARES)
02/05/18 February 5, 2018 7 EN
Ryan Roberts
  • Ryan Roberts
EUR 87.04

China Macro data wrap - 23 Jan 2018

The release of Retail, Fixed Asset Investment, Industrial Production, Home Prices, and Investment in Real Estate painted a picture broadly in line with policy: a resilient consumer, cooling home prices, and industrial production extending recent growth trends. GDP released mid-month topped expectations, rising +6.8% for the full year, exceeding the government's target of around +6.5%.

01/23/18 January 23, 2018 10 EN
Ryan Roberts
  • Ryan Roberts
EUR 217.56
3ND NetDragon Webso...

NetDragon Q4 may be tough, look past it

Games moderate into December, Education milestone looms Adjust our Q4 top line. We think performance of key games was decent in Q4, but not great, implying results less lofty than we earlier expected. Mobile games continue to offset some effects of an aging PC game portfolio (the Kingsoft version of Eudemons Mobile was stable in Q4, as was the version released by NetDragon previously, according to data from AppAnnie), but the mix remains decidedly PC. Our revised Q4 is....

3ND NETDRAGON WEBSOFT HOLDINGS LIMITED
01/23/18 January 23, 2018 7 EN

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