$TME major breakout in bullish sentiment on @smartkarma - independent research loves an opportunity when it sees one. (1/n) 
Share price remained subdued into end of week - last dregs of the Archegoa spillover.
Conviction investors like @KerrisdaleCap have started to pickup stock.
We’ve yet to see a thesis they imputes values of $SPOT and universal media group. The latter could be $36bn mcap 2H IPO (search Vivendi on @smartkarma)
$TME / $SPOT relative market cap ratio very attractive. Are we forgetting $TME and $NTES have the whole market to themselves!
And then the $1b buyback.
EM active managers should be paying attention here!
@threadreaderapp unroll pls
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