The independent financial analyst theScreener just awarded an improved star rating to WEIMOB (HK), active in the Software industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date April 1, 2022, the closing price was HKD 5....
Founded in 2013 and having debuted on the Hong Kong Exchange in Jan 19, Weimob is the leading Wechat-based third-party cloud-based commerce and marketing solutions provider. It provides SaaS products and targeted marketing services through WeChat for small and medium-sized businesses with a 15.3% market share as measured by revenue, according to Frost & Sullivan. Tencent is the second-largest shareholder of Weimob with a 7.73% stake.
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