$Hello Group Inc(MOMO)$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?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- GregoryRichardson·2022-03-24To be honest, momo's main business is not great. I mean, you get the sense that there's not a lot of potentialLikeReport
- Coconutlee88·2022-03-26Growth 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 ?LikeReport
- Coconutlee88·2022-03-26To buy not? No idea as ADR has more macro impact now and they just fall in political risk, fundamental is dead nowLikeReport
- dong123·2022-03-24Brother, do you think Momo is worth investing in right now, or at what price should we buy it?LikeReport
- William85·2022-03-24It looks like MOMO has some tough issues that could affect its stock price1Report
- MR_Wu·2022-03-24How much does it cost you to hold a MOMO?2Report
- ElvisMarner·2022-03-24To be honest, I don't like this company at all.1Report
- LouisLowell·2022-03-24MOMO's fundamentals are not solid.1Report