Ziwo Holdings rated 'buy' by Phillip Securities

Stock Name: Ziwo
Company Name: ZIWO HOLDINGS LTD.
Research House: Phillip Securities

Phillip Securities Research in a Feb 25 research report says: "Full year revenue was RMB513 million (+41.8% y-o-y) and net profit was RMB116.7 million (+22.5% y-o-y). Revenue is 1.6% higher than our forecast while net profit is exactly spot on with our forecast.

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