COMMUNIQUÉ DE PRESSE

par Edison Investment Research Limited (LON:KEFI)

Edison issues initiation on MoneyHero (MNY): Money saver in South-East Asia

Edison Investment Research Limited
Edison issues initiation on MoneyHero (MNY): Money saver in South-East Asia

13-May-2024 / 17:08 GMT/BST
The issuer is solely responsible for the content of this announcement.


 

London, UK, 13 Mai 2024

 

Edison issues initiation on MoneyHero (MNY): Money saver in South-East Asia

MoneyHero is a leading South-East Asian personal finance aggregator and comparison platform, covering the full suite of personal finance products. Its goal is to educate and empower consumers on personal finance through engaging content and rewards on financial products. The company partners with leading local and global financial institutions to ensure it has the most attractive products and offers for its user base. Management has ambitious plans to grow market share and attractive product verticals, such as insurance. Having raised c $87m in net proceeds from a deSPAC transaction in October 2023, the company paid down all debt and had a net cash position of $68.6m at end FY23, meaning it is well capitalised to fund the acceleration in growth.

MoneyHero is trading at a substantial discount to its peer group, many of which are more mature businesses. This is not wholly unexpected as it is loss making and has a limited trading history. Our DCF-based valuation of $4.95 indicates an attractive upside to the current share price.

Click here to view the full report.

All reports published by Edison are available to download free of charge from its website

www.edisongroup.com

About Edison: As a content-led investor-relations business, Edison helps companies stand out and meet the right shareholders. Edison’s integrated investor relations solution combines expert analyst content, digital targeting and active investor engagement. This drives liquidity and valuations by building bigger, better informed and more engaged investor audiences globally.

Edison has a proven history of increasing liquidity and valuations for its clients. Edison’s content can be viewed by all investors, anywhere in the world.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

Milo Bussell +44 (0)20 3077 5700 media@edisongroup.com

Fiona Orford-Williams +44 (0)20 3077 5700 media@edisongroup.com

Learn more at www.edisongroup.com and connect with Edison on: 

LinkedIn https://www.linkedin.com/company/edison-group-/

X  www.twitter.com/Edison_Inv_Res

YouTube http://www.youtube.com/edisonitv



Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

1901895  13-May-2024 

fncls.ssp?fn=show_t_gif&application_id=1901895&application_name=news&site_id=symex~~~af100301-a623-4c64-8f3d-90fc88eca9e6
Voir toutes les actualités de Edison Investment Research Limited