17LIVE Initiation Report | SGX Company Insights | 8 April 2024
Miaomiao, a Research Analyst at Phillip Securities Research will be discussing an Initiation report concerning 17LIVE Group Limited, dated April 8, 2023, titled “Back to Growth Mode.”
We initiate coverage on 17LIVE Group with a BUY rating and a price target of S$2.30. Our valuation is based on DCF, using a 14.1% WACC as the group is purely funded by equity and 1% terminal growth rate. We believe the group can further optimise its revenue and operating model, thereby improving profitability from FY24 onwards.
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