Finger Motion Inc (FNGR)

[jim1234]

FNGR Lots of DD and good stuff to ponder


https://emerginggrowth.com/finger-motion-otc-pink-fngr-links-up-with-e-commerce-leader-pingduoduo-in-trajectory-changing-deal/
Investment Summary PDD shareholders should consider an investment in FNGR because if FNGR gets traction it could be one of the biggest growth drivers for the company. Eventually growth of PDD is going to slow. If they have the same user growth of 144% YoY going forward they are going to capture the entire Chinese market in 2 years. This is where PDD has been very diligent to select high quality merchants going forward anticipated the slowdown in growth. FNGR seems to be one of those high quality merchants that has demonstrated to PDD that they can bring in the GTV. In fact they are so high quality that they beat out Tencent a $400 billion + market cap company. Something is brewing and until investors have some visibility via an earnings release all of this is speculation. The stage seems set for a big earnings beat and it appears the company might be looking to raise some money. The company has a very low float that must be under a million shares so the stock could be subject to some volatility. The current market capitalization is $82 million for a company that could do billions in GTV in 2019. PDD trades at 2X GTV. Assuming the same multiple the stock should be trading around $54.00/share. The stock is grossly undervalued and a unicorn in the making given this recent news. The stock has been very quiet over the last year. Volume picked up considerably in the last month and if it continues its trajectory the stock could hit its price target in the next 6 -9 months.