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daniel1972777 · 3 years
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The author is an analyst of KB Securities. He can be reached at [email protected]. -- Ed.
Maintain BUY; Revise up TP by 4.7% to KRW135,000    
We maintain BUY on Kakao as we lift our TP Buy Kakao verification code by 4.7% to KRW135,000. While our revenue and OP forecasts have been left largely unchanged, we have revised up 2021E and 2022E NP (attributable to controlling interests) by 19.2% and 2.3%, respectively, to reflect the expected increase in equity-method gains from Dunamu. We expect the volatility in equity-method gains to fade from 2022.
1Q21 OP in line with consensus;  Equity-method gains related to Dunamu increased        
Kakao reported 1Q21 revenue of KRW1.26tn (+44.9% YoY, +1.8% QoQ) and OP of KRW157.5bn (+78.6% YoY, +5.3% QoQ). OP was in line with our estimate as well as market consensus. Key businesses—including Talk Biz (+51.4% YoY), new businesses (+88.9% YoY), and paid content (+80.0% YoY)—catalyzed revenue growth. OPM (12.5%, +0.4pp QoQ) continued trending up on narrowing losses at new businesses (i.e., KakaoPay, mobility). Meanwhile, NP (attributable to controlling interests) skyrocketed 189.9% YoY to KRW224.5bn thanks to higher equity-method gains from Dunamu upon the growth in cryptocurrency trading value.
Strong growth continues, driven by Talk Biz  
For 2021, Talk Biz revenue is expected to Buy Kakao number increase 50.4% YoY as both ad and commerce should continue to serve as major cash cows. In the ad segment, BizBoard customers are increasingly using add-on services (e.g., Kakao Talk Channel, Notification Talk, Talk Store), fueling a virtuous cycle in which synergies among the various services expand. In the commerce segment, along with category expansion, transaction value is growing across all categories (e.g., Kakao Talk Gift, Talk Store, Shopping Live).
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Kakao’s aggressive investments in a broad range of businesses—including paid content, fintech, entertainment, and mobility—are beginning to bear fruit. A number of subsidiaries are preparing for IPOs in 2021-2022 and Kakao’s core business (i.e., KakaoTalk) should also see growth in earnings accelerate—giving way to both earnings growth and momentum for the company.  
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daniel1972777 · 3 years
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daniel1972777 · 3 years
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Buy Instagram verification number. Best Sites to Buy Instagram Followers (Real & Active). Bots have invaded Instagram comments.
If you’ve been on the internet in the past few years, you already know how popular Instagram is. In fact, Instagram boasts over 1 billion global active users, making it a huge player in social media marketing and brand reputation and credibility.
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daniel1972777 · 3 years
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Buy Imo verification number. The Future Of Tokenized Stocks - What They Can Replace And What To Watch Out For. INEC creates 1,235 polling units in Imo.
I spoke to billionaire FTX CEO and Bitcoin investor Sam Bankman-Fried, who described tokenization as a growing trend. “Accessing equities markets is spotty country by country,” he says. “You don’t see 24/7 access to most stock Buy Imo verification code markets but FTX’s markets are always open.” For most U.S. investors the need to tokenize stocks like Apple AAPL or Amazon AMZN , whose shares are already tradeable in fractional amounts, seems puzzling. However, outside of the United States, it is a different story. In many countries, investors don’t have easy access to U.S. securities markets or, if they do, it is a costly proposition.
It gets technical very quickly, however, and a key point is to understand not all tokenized stocks are created equal.
One of the most important points is that, depending on the exchange, tokenized stock may or may not have collateral behind it. The tokenized stock without collateral is a synthetic security that the crypto exchange or intermediary writes into existence on a blockchain somewhere. This matters because if that ‘somewhere’ is in Minsk, Ukraine or some remote tiny island. Investors may not have much recourse if the service provider hurts investors. Crypto exchanges offering tokenized stocks without collateral include Currency.com and others.
Today, we dig deeper into the offering of crypto exchanges with collateralized stock tokens, such as: FTX, Binance, and Bittrex Global.  
There are other important nuances for would-be Buy Imo verification number investors, such as whether or not owning a tokenized stock gives you ownership rights to get paid stock dividends and be able to vote as a shareholder. For example, Binance states on its website that “holding stock tokens does not transfer any shareholder rights to you” whereas FTX and Bittrex report being committed on a ‘best-efforts’ basis to see tokenized stock holders receive stock dividends.
So, what exactly does one own when clicking ‘buy’ for these novel tokenized stocks?
The short answer is you own a collateralized digital derivative product that can be traded much like the spot instrument, i.e. the share or ‘real thing’. A derivative security references its value from a separate security that trades in the cash market. Both the derivative and spot instrument can generate profits and losses in lockstep in someone’s trading account.
The Demise of CFDs?
One way to understand the significance of collateralized asset issuance is to compare it to what it might be replacing. One of the potentially disruptive qualities of tokenized securities is that they could steamroll the large retail FX and Contract for Difference (CFD) industry, which is well established and generally offers tradable instruments that are not saved to a blockchain. Broadly speaking, CFD brokers also lag crypto exchanges in terms of crypto sophistication and product depth. For example, CFD’s - which are not available in the United States - have long let users trade a synthetic instrument mimicking Apple or Microsoft MSFT stock prices, but are, at heart, IOUs issued by a retail broker, not traded on exchange, and non-transferable. The adaptability of well capitalized CFD retail brokerage firms such as IG, CMC Markets, and Plus500 should not be underestimated, however.
Tokenized Stocks Trading Conditions
The price of a tokenized stock is not necessarily the same price seen for the actual stock in a regulated exchange. The price is higher or lower depending on a number of factors, such as whether or not the stock market is open. Another factor is latency, which exists due to potential internet communication delays depending on where the trader is located, or the actual liquidity for that security at the crypto exchange.  
While on the surface a tokenized Apple stock is traded in multiple exchanges, you should know that any tokenized stocks can only be traded in one crypto exchange. For example, AAPL/USD is the ticker name in the FTX platform, while Binance uses the AAPL/BUSD ticker, and Currency.com the AAPL.cx ticker. Try to transfer your AAPL/BUSD or AAPL.cx securities to FTX and you will be informed that the stock token is not portable to other crypto exchanges or to your local brokerage firm where you have your securities portfolio. “It would be really powerful to be able to freely move tokenized stocks on the blockchain, but as of now FTX and [German financial services firm] CM-Equity do not support that. They remain on FTX, a tied agent to CM-Equity,” indicated FTX’s Bankman-Fried.  
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daniel1972777 · 3 years
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Long queues to buy Remdesivir were seen at Chennai’s Kilpauk Medical College for the second day in a row, sending social distancing for a Buy Imgur verification code complete toss as harried people got into arguments with each other and the stationed officials while trying to procure the Covid-19 drug for hospitalised loved ones.
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The counter at the hospital was opened on Monday by the Tamil Nadu Medical Services Corporation (TNMSC) following reports that Buy Imgur verification number was not available in hospitals and was being sold at three to four times its retail price in the black market.
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daniel1972777 · 3 years
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Buy Hotmail number. Long queues were witnessed outside Madurai Medical College (MMC) on Monday as people lined up from morning to buy Remdesivir.
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daniel1972777 · 3 years
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daniel1972777 · 3 years
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daniel1972777 · 3 years
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daniel1972777 · 3 years
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By Zoe Zaczek For Daily Mail Australia 06:29 04 May 2021, updated 08:10 04 May 2021
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Graphic was shared by Mount Druitt Police Area Command on Tuesday
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daniel1972777 · 3 years
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The trading price of Yalla Group Limited (Buy Yalla verification code) floating higher at last check on Monday, Apr 26, closing at $24.56, 2.16% higher than its previous close.
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