Miaomiao, a Research Analyst at Phillip Securities Research will be discussing an Initiation report concerning 17LIVE Group Limited, dated April 8, 2023, titled “Back to Growth Mode.”
We initiate coverage on 17LIVE Group with a BUY rating and a price target of S$2.30. Our valuation is based on DCF, using a 14.1% WACC as the group is purely funded by equity and 1% terminal growth rate. We believe the group can further optimise its revenue and operating model, thereby improving profitability from FY24 onwards.
Listen to this podcast to stay updated on the latest corporate news. Additionally, you can visit www.poems.com.sg/stock-research to access the full report and gain more insights.
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