WOOD Flash – Mail.ru: takeaways from interview with CEO
Mail.ru Group’s CEO, Boris Dobrodeev, has spoken with RBC media (the interview was published on 15 December), stressing the goal of building a leading “Super App†in Russia, turning Mail.ru into the best virtual assistant for a user, and sharing plans to launch a smart speaker in 1Q20E and a single video platform to rival YouTube next year. Most of the comments were in line with previous statements, and we see no reason to change our current view or estimates. We view Mail.ru as an undervalued portfolio of leading internet services in Russia; however, there are key issues in the execution and integration of various assets on one platform, which could drive value creation in the long term, in our view.Mail.Ru Group is an Internet company based in the Russian Federation. Co. operates the email service [email protected] and two IM networks in Russia - Mail.Ru Agent and ICQ. Co. operates two Russian-language online social networking sites: Moi [email protected] and Odnoklassniki.ru, and owns a strategic minority equity stake in the social network Vkontakte. Co. is also engaged in developing projects in E-commerce and operating more than 40 thematic vertical sites, targeting various user categories. Co. is also Russia's predominant online games company. Co. maintains a portfolio of online games which includes 34 MMO games and over 30 games for social networking sites.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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