Jonathan Woo

PhillipCapital

Research Analyst @ PhillipCapital

Jonathan covers the US technology sector focusing on internet companies. Formerly a national and professional athlete, he graduated from the University of Oregon with a Bachelor’s Degree in Social Sciences.

Jonathan Woo
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Latest from Jonathan Woo

Meta: Reels drives positive user growth

1H22 revenue/PATMI at 43/42% of our FY22e forecasts. Business messaging potential additional revenue driver because of its growing popularity amongst SME business owners. We maintain a BUY recommendation with a lowered DCF target price of US$221.00 (...
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Jonathan Woo @ PhillipCapital 1 August 2022

Netflix Inc: Turning corner on negative growth

1H22 revenue/PATMI at 48/55% of our FY22e forecasts. We maintain a BUY recommendation with a lowered DCF target price of US$399.00 (prev. US$427. 2Q22 results in line with our expectations.
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Jonathan Woo @ PhillipCapital 21 July 2022

Sea Ltd: Expanding global e-commerce footprint

The rapid expansion of SeaMoney as an additional growth driver, drawing on synergies with Shopee for frictionless transactions; segment revenue expected to grow 5x by FY23e. Shopee’s high growth rate supported by uptick in both Gross Merchandise Valu...
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Jonathan Woo @ PhillipCapital 22 March 2022

FAANGM Monthly: Dec 21 – Apple and Meta shine during the month

We are OVERWEIGHT on FAANGM as secular tailwinds are intact. Meta saw strong holiday demand for its Oculus products, with much talk focusing around its potential metaverse. - Instagram’s 26% CAGR growth in MAU is more than triple Facebook’s (8%) MAU,...
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Timothy Ang @ PhillipCapital 10 January 2022

Stable growth in the face of uncertainty

+ Continued growth in Monthly Active People (MAP). FB recorded strong growth in MAP for Q321, adding about 70mn users QoQ (2%), and growing 11.5% YoY. We view this as an endorsement of the company’s network effect, as well as its ability to continuou...
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Jonathan Woo @ PhillipCapital 27 October 2021

Netflix Inc: Membership growth boosted by hit series

+ Paid membership additions above company estimates for 3Q21. 4.4mn paid net membership additions a 99% YoY increase compared to 3Q20, almost 1mn more than the company’s projection of 3.5mn, most of the net additions came from EMEA and APAC region. +...
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Jonathan Woo @ PhillipCapital 25 October 2021

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