Coconutlee88
2022-03-24

$Hello Group Inc(MOMO)$Due to the fact that the Group's fair market value as indicated by its market capitalization was significantly below its net book value of equity, the Group determined that a triggering event had occurred for impairment. The Group conducted a detailed impairment analysis and recorded RMB4,397.0 million (US$690.0 million) as impairment loss- what nonsense is this?

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Comments

  • GregoryRichardson
    2022-03-24
    GregoryRichardson
    To be honest, momo's main business is not great. I mean, you get the sense that there's not a lot of potential
    • a9032: 
      I don't agree with you, you know momo still has a large number of users, that's its value
    • henshengqiReplya9032: 
      Yes, I think the company still has a lot of potential as long as it doesn't lose users
  • Coconutlee88
    2022-03-26
    Coconutlee88
    Growth has reached its peak but again, its a tech firm that will shape anytime, cash rich, steady income, thou dropping but still profitableg that cash exceeds the cap which trigger the impairment ?
  • Coconutlee88
    2022-03-26
    Coconutlee88
    To buy not? No idea as ADR has more macro impact now and they just fall in political risk, fundamental is dead now
  • dong123
    2022-03-24
    dong123
    Brother, do you think Momo is worth investing in right now, or at what price should we buy it?
  • William85
    2022-03-24
    William85
    It looks like MOMO has some tough issues that could affect its stock price
  • MR_Wu
    2022-03-24
    MR_Wu
    How much does it cost you to hold a MOMO?
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