EM Tech valuation screen after Yellen's slip highlights Alibaba, Mercado Libre

Hasnain Malik

Strategy & Head of Equity Research @ Tellimer Research

Follow

5 May 2021

• US Tech convulsed after Yellen's rate remark but ignored Apple's stellar Q2: focus on discount rate more than cashflows

• A check on valuation versus recent history suggests that Alibaba and Mercado Libre remain relatively attractive in EM

• Liquid international Tech listings offering scarce exposure to Small EM-FM, eg Sea and Jumia, look relatively expensive

Hasnain Malik

Strategy & Head of Equity Research @ Tellimer Research

Follow

5 May 2021

5 May 2021

Published byTellimer Research

Share this report