New Street: Z Holdings (Buy, TP: ¥940, +118%) Feedback from small group call
Mixed feedback from our call with Z Holdings with overall the LINE transaction looking positive but the company still not able to set a date for when they will link IDs across the group post the LINE transaction and mid-term group revenue guidance in particular looking hard to achieve, while margins continue to be impacted by aggressive investments.Yahoo Japan is engaged in the provision of Internet advertising and e-commerce services. Media Business segment provides marketing and advertising services including paid search, display, in-feed video advertising and other advertising-related services for corporations; and Yahoo! News and media-related services. Commerce Business segment provides e-commerce related services including YAHUOKU! (net auction site), Yahoo! Shopping, ASKUL, LOHACO and other shopping websites; membership services including Yahoo! Premium, Yahoo! BB and other services; and financial and payment-related services including credit card, e-money, foreign exchange margin trading and other related services.
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- Pan European Telecom Services and Cable
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- Global Emerging Market Telecoms
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