Hello guys,
In this research analyst report published in 2019, yes it is old, bit it is GOLD, you will find the most compelling reason why this Luokung is worth way more than people think.
Even if it was produced in 2019, the author knew that they were on the brink of acquiring EmapGo and based his projection on that. It contains the most detailed description of what their entire portfolio consists of.
The projected revenue for 2021 was 300m$USD, profit 90m$USD. The financial could be off a bit, because of the pandemic and the lost of 2 contracts due to the delisting saga, of which the company mentioned in their last 20-F annual report.
I personally was expecting 150m$ Revenue for 2021 after EmapGo acquisition completion, people have no idea how big they are in China.
I had a projected PPS of 10$ EOY, but I think 15$ is very possible, with the new informations in hand.
In my opinion, it is a must read by anyone who is thinking on investing in Luokung Technology for the long-term.
It comes from China Tianfeng securities research institute deputy director Wu Li, that guy is no joke and so is the company which has produced over and 2000 of these reports since inception. $luokung technology(LKCO)$
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