Yeahka to Announce 2021 Annual Results on 31 March 2022, Actively Covered by 13 Leading Brokerages

Industrial Securities initiated coverage on Yeahka Limited (“Yeahka” or the “Company”) (09923.HK) with an “Overweight” rating. Since 2021, Yeahka has been covered actively by 13 leading brokerages (by alphabetic order), including China Renaissance, China Securities, CICC, CITI, CLSA, Daiwa, Essence Securities, Guosheng Securities, Guotai Junan Securities, Huatai Securities, Industrial Securities, Jefferies, and Zhongtai Securities.

Yeahka’s sustainable, solid growth is the key to the attention from these brokerages. Recently, Yeahka stated that it will announce its audited consolidated results for the year ended 31 December, 2021.The Company’s management will host an earnings conference call on 31 March, 2022 at 8:00 PM Beijing Time (8:00 AM U.S. Eastern Time). Dial-in details for the earnings conference call are as follows:

Mainland China: 400 820 6895
Hong Kong, China: +852 3018 8307
U.S.: 1833 239 5575 (Toll Free) / +1 332 208 9458
U.K.: 0800 279 8053 (Toll Free) / +44 203 692 8123
International: +65 6780 1201
Passcode: 3779473

About YEAHKA LIMITED (Stock Code: 9923.HK)
Yeahka Limited is a leading payment-based technology platform. Yeahka’s vision is to build an independent and scalable commercial digitalized ecosystem. Yeahka seamlessly connects merchants and consumers through payment services of different kinds, including QR code and traditional bank card payment. In addition, Yeahka provides merchant solutions including SaaS digital solutions, precision marketing services, and fintech services to help merchants better manage and drive business growth. On consumer front, Yeahka officially launched in-store e-commerce services in 2021, providing consumers with one-stop local lifestyle services of great value, and a more enjoyable lifestyle.

Topic: Press release summary

Sectors: Cards & Payments, Cloud & Enterprise

From the Asia Corporate News Network

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CICC Initiates Yeahka at OUTPERFORM with HK$98.20

CICC initiates coverage on Yeahka Limited (9923), a leading payment-based technology platform in China, with an “outperform” rating and a target price of HK$98.20. CICC is upbeat on Yeahka’s dual-growth-driver (payment + value-added services) business model and the growth potential of the Company’s QR code payment and marketing services.

Key takeaways from the report include:

Core payment services: Yeahka concentrates on offering integrated QR code payment services for small and micro merchants: 1) QR code payment: CICC expects Yeahka to achieve rapid growth in the next 5 years; 2) QR code payment services feature high-frequency and wide consumer base; 3) Yeahka’s high revenue-sharing ratio for sales agents and its strategy that targets small and micro merchants will drive rapid growth in merchant volume.

Value-added businesses: Huge room for commercialization based on its “data + scenario + traffic” business model: 1) Marketing services: CICC expects high-frequency transactions (QR code payment) and dual expansion drivers (proprietary R&D + M&A) to be the key drivers for Yeahka’s revenue and profit growth; 2) Merchant SaaS products empower small and micro merchants to improve customer stickiness. CICC sees monetization potential in the long run; 3) Yeahka’s fintech services business is expected to achieve mild growth in the short-to-mid run.

Strong internet background enables Yeahka to provide targeted services; increasing R&D investment is expected to accelerate product upgrades: 1) Yeahka’s management team possesses extensive experience in the internet sector 2) Yeahka has a solid shareholder base, which includes internet giant Tencent; 3) Its strong R&D team is expected to boost product upgrades.