Puyi Contends With Trade Conflict And Economic Downturn [Seeking Alpha]
Puyi Inc. - American Depository Shares (PUYI)
Company Research
Source: Seeking Alpha
Summary Puyi went public in March 2019. The firm provides a wealth management platform for Chinese investors. Puyi has grown revenue unevenly but is producing higher costs and reduced earnings, so my bias on the stock is Neutral. Short Take Puyi ( PUYI The firm operates a wealth management platform connecting Chinese investors with wealth managers. PUYI is no doubt feeling the twin effects of the U.S. China trade conflict and China’s coronavirus outbreak. We’ve received no communication about when to expect the next financial report, so my bias on the stock is Neutral. Company Guangzhou, China-based Puyi was founded in 2010 to provide wealth management services by connecting third-party wealth managers with consumers online via its marketplace and offline through its branch network. Management is headed by CEO Yong Ren, who has more than ten years management experience and three years as Vice President at a well-known financing company in the industry. Puyi has developed a portfolio o
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