JessicaDavid
5+ Views

Ant Group’s stalled IPO seen slashing its value by $140 billion

According to analysts' updated estimates, China's decision to halt Ant Group Co.'s massive stock debut could reduce the valuation of the fintech giant by as much as $140 billion.

According to estimates from Morningstar Inc. and other companies, new legislation that may require Ant to raise more capital to fund lending and obtain national licenses to operate around the country could reduce the company's value by about half. The regulatory information is provisional and may be subject to change.

If Ant's pre-IPO value of $280 billion is halved, it would basically suggest that the business is worth less than it was two years ago when it raised capital from some of the largest funds in the world, including Warburg Pincus LLC, Silver Lake Management LLC, and Temasek Holdings Pte.

The reduced valuation also implies potentially lower fees for investment banks that were relying on a windfall from Ant's record-setting IPO, such as China International Capital Corp. And it gives the company of billionaire Jack Ma less power to carry out acquisitions as it looks to grow beyond its Chinese base and take the fight to Tencent Holdings Ltd. domestically.

In a dramatic turn of events, just days before the Fintech juggernaut was due to go public in Shanghai and Hong Kong, China put the brakes on Ant's $35 billion share sale last week. The transition updates what was one of the largest business success storeys in China, as well as what was to be a key phase in the growth of the fast-growing capital markets of the country.

Iris Tan, Morningstar's analyst, said that if its pre-IPO price-to - book ratio fell to about the level of top global banks, Ant could face a 25 percent -50 percent downside in valuation. That means it will cut its value by around $140 billion. Currently, she said, the stock price of Ant is priced at 4.4 times its book value, compared with 2 times at those banks.

Sanjay Jain, Aletheia Capital's Singapore-based head of financials, estimates that the price-to-earnings ratio of Ant will drop to around 10 times its lending income, half of the company's previous target. The new price would place the Fintech giant more in line with some of the better quality banks' valuations.

Citigroup Inc. is trading on 12-month earnings at about eight times forward, while DBS Group Holdings Ltd. of Singapore is trading at about 12.6 times forward. China Merchants Bank Co., one of the largest retail lenders in the world, trades 10 or so times.

Summoned to Pekin


Days before Ant 's proposed trading debut, Ma was summoned by China regulators for "supervisory interviews," and authorities revealed that they had delayed discovering a number of shortcomings that might require Ant to be overhauled by certain accounts.

The business will need additional resources to satisfy more stringent regulatory criteria under the proposed new regulations. According to draught rules proposed by banking regulators in November, online lending companies such as Ant will be expected to provide at least 30 percent of loan funding. Only about 2 percent of loans currently sit on the balance sheet of Ant, with the majority of funding coming from bank regulators in November.

According to Morningstar, if these laws are passed, Ant needs to underwrite 540 billion yuan of credit on its own to fund its approximately 1.8 trillion yuan of outstanding loans. According to Morningstar, Ant 's credit units Huabei and Jiebei will require at least 54 billion yuan, based on how small loan companies can only leverage as much as 5 times.

Kevin Kwek, a Singapore-based analyst with Bernstein, said: "When it returns, investors will probably look at Ant a little less like a tech firm than before, given that it will be less asset-light, and growth assumptions might be lower." "Given the regulatory overhang, a discount on previous valuations may be set."

Aid from Alibaba


As of the end of June, Ant was sitting on around 80 billion yuan of cash. A three-year grace period is also supposed to be the capital requirement.

Leon Qi, a Hong Kong-based analyst with Daiwa Capital Markets, said that one of the more practical options will be for affiliate Alibaba Group Holding Ltd. to inject 20 billion to 40 billion yuan in order for Ant to satisfy some of the regulatory requirements.

That said, there are still preliminary estimates for valuations and capital requirements. If final regulations are less strict, Ant could take less of a hit. Bernstein's Kwek says that while he expects Ant to achieve a lower valuation, he is more confident that the valuation of the company will not drop to bank-type multiples given its credit technology and its strong payment app that sits on a billion phone payments app.

If Ant is able to demonstrate that it will be subject to less national service strain, "or if it can better assess risk, Aletheia Capital's Jain could argue for higher multiples."
Comment
Suggested
Recent
Cards you may also be interested in
TOP 7 BENEFITS OF PEOPLE ANALYTICS
The impact of the epidemic on the economy is greatly influenced by People Analytics. Businesses find it challenging to grasp where they might save costs and how their employees are adapting to remote work. The exchange of data is important to survival in a crisis. Many HR professionals are turning to data through people analytics strategies. People analytics provides HR professionals with the knowledge required to serve as effective business partners, whether it is for hiring, data analysis, employee retention, or revamping the workplace. While many organizations employ some kind of people analytics, some may be beginning to explore its possibilities or may not be fully utilizing the insights the technology offers. Therefore, Top managers should explore ways to enhance their company's use of people analytics to boost retention and promote diversity, equality, and inclusion (DEI) initiatives. In this blog, let's examine what people analytics is and its top seven benefits. What Is People Analytics The practice of utilizing data patterns to support strategic planning and performance improvement is known as people analytics, HR analytics, or talent analytics. It manages these skills by analyzing enormous amounts of talent data using technology, math, and statistics. Therefore, the data-driven method of managing workplace employees is known as "people analytics." Here are seven advantages that businesses can gain from employing people analytics. Improves Talent Acquisition Finding the proper candidates that meet the required job roles can be difficult for businesses. As a result, they run the risk of losing a sizeable sum of money if a new worker doesn't pan out. You may examine all the details and activities your applicants provide using people analytics. Compare that with your company description as the recruitment process progresses, and then use specific algorithms to build a massive selection of the most qualified applicants. Improves Retention Finding the best candidates is one thing; sustaining them is quite another. Many of the intuitions are dramatically eliminated by People Analytics. It now plays a crucial role in assessing a company's staff retention rates and supporting businesses in understanding why such rates may be dropping. It identifies people who are most likely to leave a company in the future and alerts businesses to any potential workforce losses before they happen, giving them the chance to turn things around. More effective workforce planning Evaluating skills gaps and workforce management go hand - in - hand. Analytics can be used by HR executives to go over and decide on budget estimates. The need for organizational positions or staff migrations to new departments can also be identified with the help of analytics. For example, decision-makers can utilize analytics to look at the workload of the functional area over the previous year and the number of new salespeople the organization will need to manage the new business if the sales department of a company expects an increase in business over the upcoming year. Uncovers skill gaps Finding the skill gaps in your groups is important for expanding your workforce and choosing the right candidates. In order to automatically discover areas of weakness, people analytics systems frequently involve data visualization and automation. For instance, you might display the team's talents on a matrix versus the skills necessary. Better Productivity Organizations are better capable of increasing productivity, which enables workers to do their greatest work to support company expansion. Everything is due to people analytics' potential. It sheds light on the collaboration between different divisions and efficient staff interaction. It enables companies to forecast, generate better collaboration, and increase productivity. Reduces attrition rate People analytics can immediately detect the factors and patterns behind employee loss. Understanding these factors is important to your company's sustainability since attrition explains both the reasons why employees want to leave and the causes why they want to retain. People analytics can assist you in finding these gaps by gathering information from employee surveys and generating meaningful reports. Better training An important aspect of corporate culture is common professional development. By helping your staff grow and acquire new capabilities, the performance of your business will directly benefit from your efforts. Through people analytics, you can determine whether employees are taking advantage of training opportunities and evaluate whether the training is relevant for them or not by gathering data on areas where employees would need upskilling. This can save your business time and money. Over to you People analytics is becoming a vital tool for businesses to use when making decisions. To enable their organizations to gain from people analytics, every professional must possess a high level of data literacy.
Top 5 biggest misconceptions about facility services
There are many misconceptions about facility services. Modern work environments have evolved significantly over the past few decades, and roles and responsibilities are fundamentally changing, but unfortunately, our view of what interior design offers has not changed more. However, we consider these interior specialists to be discreet, invisible, and much less sociable than the various roles in real estate itself. Many manufacturers, new and established, have become partners with on-site services, allowing their applications to perform better and cost less. But in today's fast-paced work environment, installation service providers play an important and unbeatable role. Facilities services are a great ally in a business because by working with them you can ensure that your business runs as smoothly and efficiently as possible. Many nationally known manufacturers have chosen to streamline the management of their service applications by working with an independent third-party maintenance partner. These companies have expanded their services and maintenance while reducing costs across the board. But many myths have been spread about outsourcing. It's time to put the file in order. Today we discuss the 5 biggest misconceptions about settlement services: Misconception 1: It's more expensive Starting at the top, one of the biggest red flags for consumers of viable admin facilities is the belief that their funds are overvalued. It's a misconception that persists around the world, especially in markets where facility services are nonetheless quite clean and untapped. Instead of focusing solely on the cost of work orders, a facility service provider should be designed from a total cost of ownership perspective. Budgeting all expenses means conveying particular dreams to your current technicians and carefully negotiating relationships with third-party companies that you have researched and hired yourself. It takes time. Experience is necessary. And it takes cash to manage relationships with issuers. But by outsourcing your services to a third party, you simplify your administrative burden and limit your annual expenditure on services throughout the year. Misconception 2: It's a threat to your facility services job A third-party service provider should be considered your partner, not your replacement. You have to manage them yourself, but consider the challenge: the technology requires constant maintenance, upkeep, and training, the expert session is only accessible at a very high price and the support groups are very expensive to acquire, train and manage. while a rental service company offers you: the technology you need to stay competitive, the knowledge you need to solve tough problems, the strategy to close gaps in your archiving program, the support teams you need to keep it running smoothly, and you want all of these factors to succeed. The business world is changing rapidly and service management is no exception. Misconception 3: You lose visibility and control A survey has confirmed that up to 1/3 of all settlement service providers only work with pen and paper or simple Excel spreadsheets. And when it comes to managing even a few dozen locations, that's not enough. Having paperwork orders can have visibility, but that's just a feeling. When the work orders start piling up, you don't like getting lost in a pile of papers. For the other two-thirds of respondents who use the order management system, a few other standard truths apply: Most fail to take full advantage of their system's built-in capabilities, most have little or no record of long-term service statistics, and most fail to sequence and control information about asset protection and insurance plans, etc. All these problems must surely be solved by hiring a suitable installation service provider that meets your business objectives. Misconception 4: Quality will suffer Your facilities management specialists have probably been serving your organization for a long time. As a result, they understand the inside and outside of their space. It's natural to assume that your most experienced technicians will be doing jobs that no one else can, but maintaining business prices is one of the fundamental dreams of any facility service management program. But to achieve this goal consistently, you need to hire an experienced installation service provider. Working with a third-party installation service provider removes this burden, you will be able to validate each work order, reconcile progress notes, report installation information and monitor excellent performance at each of your locations, and you'll see when you learn Learn more about View work in progress in real-time, get more from your technicians in a much shorter time. You will have the maintenance area at your service at all times and you will not have to manage anything yourself. Misconception 5: You are putting customers at risk Quite often, working with a third-party property management company involves additional third-party technicians. I mean, strangers. How can you trust them? What if suppliers are not verified and their backgrounds are not checked? What if the vendors aren't certified to do the work? What if suppliers are not licensed or insured? What happens if providers do not comply with COVID-19 regulations? When you buy from your third-party construction service provider, checking these things becomes a time-consuming and expensive process. If you choose the wrong preference, you put your customers and friends at risk. A third-party service provider should resolve these issues on your behalf, evaluating and selecting providers that are qualified, insured, and compliant with neighborhood regulations. They will cover you. You don't have to think about the risks. Just be sure to do business. Working with an external facility services management partner gives you time to strategize and better manage your business. At Densat, we provide the best installation services that save money, increase efficiency, and take the buyer's journey to the next level. Organizations around the world are empowering their groups to work smarter, overcome problems, and be more agile than ever with our comprehensive technologies. https://densat.com/facilities-management-services/
What is the Scope of a Company Secretary in India Know the Job Profile and Salary
Scope Of Company Secretary in India The scope of a Company Secretary in India is quite broad and encompasses various responsibilities related to corporate governance, legal compliance, and secretarial practices. The role of a Company Secretary is considered to be an important and critical one, as they play a vital role in ensuring that a company complies with legal and regulatory requirements and that its operations are conducted in a transparent and ethical manner. The Company Secretary profession in India is highly respected and the career growth prospects are good, with opportunities for advancement to senior management positions. Job Profile Of Company Secretary The job profile of a Company Secretary includes a wide range of responsibilities related to corporate governance, legal compliance, and secretarial practices. Some of the key duties and responsibilities of a Company Secretary include: 1. Advising the company on compliance with laws and regulations: This includes ensuring that the company complies with laws and regulations such as the Companies Act, Securities and Exchange Board of India (SEBI) regulations, and other relevant laws. 2. Maintaining and updating statutory records and registers: The Company Secretary is responsible for maintaining and updating the company's statutory records and registers, such as the register of members, register of charges, and other records required by law. 3. Preparing and filing statutory returns and forms: The Company Secretary is responsible for preparing and filing statutory returns and forms with the relevant authorities, such as the Ministry of Corporate Affairs and the Registrar of Companies. 4. Assisting in the conduct of board meetings and shareholders' meetings: The Company Secretary is responsible for providing assistance in the conduct of board meetings and shareholders' meetings, including the preparation of agendas and minutes. 5. Drafting and vetting of agreements and other legal documents: The Company Secretary is responsible for drafting and vetting legal documents such as agreements, deeds, and contracts. 6. Providing guidance on corporate governance best practices: The Company Secretary is responsible for providing guidance to the company on best practices in corporate governance, including compliance with the listing agreement and the corporate governance norms. 7. Coordinating with internal and external auditors: The Company Secretary is responsible for coordinating with the company's internal and external auditors, including the preparation of information and documents required for the audit. 8. Managing the company's insurance policies: The Company Secretary is responsible for managing the company's insurance policies and ensuring that the company is adequately covered. 9. Managing the company's intellectual property: The Company Secretary is responsible for managing the company's intellectual property such as patents, trademarks, and copyrights. As a Company Secretary, you need to have good knowledge of laws, regulations, accounting, and corporate governance. As well as strong organizational, analytical and communication skills. Salary of Company Secretary in India The salary of a Company Secretary in India can vary depending on factors such as the company's size and industry, the individual's level of experience and qualifications, and location. However, on average, the salary of a Company Secretary in India ranges between 3-8 LPA. A fresher can expect a salary of around 3-4 LPA. With experience, a Company Secretary can expect to see an increase in their salary, with the possibility of reaching 8 LPA or more in senior management roles. It's worth noting that, like in any profession, pay scales may vary depending on the company and location. Also, the salary package may include other benefits such as medical insurance, performance bonuses, and stock options. It's also worth noting that in India, Company Secretaries are well-respected professionals and career growth prospects are good. With experience and good performance, one can look forward to advancement to senior management positions. Visit our website:- https://corporatestudies.org/how-to-become-cs-ultimate-tips-for-cs-course/
EmploMatic Review - Profitable Job Finder Sites (App By Igor Burban)
EmploMatic Review: What Is It? EmploMatic is a cloud-based software that allows you to instantly build money-making Job Finder sites that get free traffic and generate affiliate commission from FIVE income streams. This is your chance to have your very own affiliate site that is 100% DONE FOR YOU and is filled with popular JOBS from the greatest businesses and brands. The websites already have 8.5 million job openings from the biggest corporations in the world, including Amazon, Costco, UPS, Walmart, and THOUSANDS of other well-known organizations. Every hour, new positions are uploaded and the websites are immediately updated. The most popular employment sites serve as the model for the "job search" system. Their top techniques are "stolen" by EmploMatic and developed. Read More: https://www.linkedin.com/pulse/emplomatic-review-profitable-job-finder-sites-app-igor-burban- Get Started In 3 Easy Steps It's Your Fast Lane To 100% Automated JOB SEARCH Sites STEP 1: Choose Which Jobs To Focus On Select which country/region/city or job titles you want to display on your site. Mix & match OR include ALL jobs on your site if you wish. A detailed behind-the-shoulder tutorial is included. STEP 2: Enter Your Affiliate IDs Add your affiliate IDs and all the links automatically become your affiliate links. Don’t have an affiliate account yet? No worries. Inside the dashboard I’ll show you how to instantly get approved for all affiliate programs. STEP 3: Sit Back and Let Your Site Earn Affiliate Commission Every time somebody comes to your site and clicks on ANY job result, you get paid. Plus, you get to profit from banner ads through affiliate sales. AND you earn commission from text ads when people click and fill out a simple form. They don’t even have to buy anything! Read More: https://www.linkedin.com/pulse/emplomatic-review-profitable-job-finder-sites-app-igor-burban-
Top signs that show infidelity of your partner by using Facebook
Have you noticed your partner acting strangely lately? There can be many reasons. Is their behavior suspicious to you? If so, you should spy on them. You can use several apps and software to spy on someone. Sometimes digital flirting can be too much for your relationship. Mostly we use Facebook for making best fb comments for friends pictures and for posting pictures on it as well. But many people can also misuse this platform for their betrayal of their partner and blackmailing purposes. So if you are also suspecting your partner of such a romantic affair on FB, then some tips can help you to figure out the truth. If your partner has sex outside the relationship, infidelity can take many forms. Online activities can indicate whether your partner is cheating on you. So look at the following things to deduce whether your partner is cheating on you.  They spend a huge amount of time on Facebook or their phone without revealing anything  Your romantic relationship may be strained or even broken by the constant use of your smartphone. This makes the other person feel that they are being overlooked. It's time to see if your partner is constantly checking their phone and avoiding you. Giving your partner space is important because only some things are possible. You should check if your partner is using digital tools to take control of your relationship. While privacy is good for a relationship, that doesn't mean the other person should use it for inappropriate purposes. Texting is the priority when they are using the phone  Texting and chatting with friends is fine, but it's important to be careful if you can do it for a long time. Its okay to get a late text from a friend, but it's something to worry about if you're getting messages more often. These conversations can easily sneak into your bedroom, regardless of who initiated them. You should always keep an eye on your partner and be aware of any other relationships they may be involved in. Your partner never leaves the phone  Your partner may be browsing Facebook at night. This is not something you should suspect. If your partner is trying to hide his activities from you, and suddenly you see him scrolling through Facebook, it's a sign that he's up to something. You have no idea about their new friends on FB  You should know your partner's friends if you are in a relationship. If you don't know who your new friends are or you've been talking to them all day, it's time to confront your partner. You should engage your partner if the other person constantly posts on your partner's Facebook wall. They don't share the password of the device  Will he take your phone? You can tell if your partner wants something by seeing if he responds negatively to your questions. You should talk to your partner immediately if you notice a change in their behavior. It cannot be ignored.
Android mobile apps development is more favored by Developers
Over the years, Android has become a favourite among users but also has gained the place of preference among developers. One of the core reasons behind it being so popular is its open source nature and customisations that iot brings to the table. Over all it offers a complete diversification of platform independence as compared to its rivals. There is no denying the fact that google play has been expanding over the years and has become the most versatile database of mobile applications overtaking Apple app store. The Android platform has been based on the principles of open source and allow user integrated customisations which has boosted it to the top spot among end users. Experienced developers prefer Android for various fundamental reasons. As per the reports, Android is chosen by 34.4 percent of developers while iOS is chosen by 32.7 percent of developers. This percentage comes down to 17.3 for HTML5 mobile apps and 4.5 percent for Windows. Over 84 percent of developers prefer Android tablets for developing apps to iOS as well as Windows. The dominating market share of Android is the major reason why developers are attracted to the platform. Moreover, there are many other reasons also why developers are driven towards Android : 1. It offers greater access and customization 2. It has a greater level of integration between applications and the platform Android has always provided a safe ground for newbie developers by offering them tools and services to jump the android bandwagon. The core issue with Apple is its tightly woven ecosystem, which makes it difficult to leave but Android has a plus point because of being open source. So unless users are looking for Apple’s hallmark, Android could certainly be better mobile OS choice for them. Market reach of Android and its versions Android is the dominating platform over all the other mobility platforms. Many new releases have been witnessed since the first time Android came into the market. Google prepares a monthly report where it mentions about the Android devices and versions that are currently working. Android Kitkat has currently seen a hike from 2.5 percent to 5.3 percent, as a result of low cost android devices being now available in market. Android 4.2x Jelly Bean has also witnessed a rise in sales going from 17.1 percent to 18.1 percent. Jelly Bean still holds 61.4 percent of android market. There was a minor drop in its sales as well but it still dominates the market. Popular Resources: Core Considerations App Development Process No mobile strategy to back your mobile app Wedding Planner Apps – Helping Organize Weddings with Utmost Ease Google recently launched Android Wear specifically for smartwatches. Due to recent buzz in market about upcoming wearable technology, the smartphones are seeing low sales. Besides Android also faces a lot of malware issues. Gingerbread 2.3, Ice Cream Sandwich 4.0 and Jelly Bean 4.1 are the most targeted of android versions. The build of these versions have about 88 percent chance of being infected by some kind of mobile related malware. A lot has been further developed in Android. It was the smartphone platform. But not so right now. Android is also the basic foundation behind Big data and more importantly, Internet of things. Various apps have been modulated as per Glassware. Several of them find usage in Android Wear. Various other platforms have always given tough competition to Android but because it is being used by a number of organisations for different devices, Android has emerged to be one of the most stable of all mobility platforms available. Smartphones are still in demand, and Android is the most popular platform for all smart devices. The constant development in this open sourced platform will immensely benefit mobility enterprises as well as consumers. Why Android is more dominating ? Android and iOS have always faced tough competition, winning over users and application developers, while surpassing all minorities of minutest bugs. There have been times when Blackberry and Windows phones added immense competition in the mobility world. But over the years, Google has improved the Android platform by leaps and bounds. Android has thus emerged to be the most powerful of smartphone platforms. Several app developers are working on this open platform to offer highly immersive and intuitive app ecosystem. The multitudinous resources being deployed over one platform has definitely led to its becoming the best operating system available for smart devices that require connection with internet round the clock. Multitude of Android phones in the market: Huge variety of Android phones providing different components and screen sizes, is available in the market. But it often becomes a menace for developers finding different solutions for different hardware specifications. Several of IT organisations are involved with mobility best solutions and their timely devotion to Android development has led to a big win for consumers. Different phones offer different functionality. Some come with long lasting battery life, some add explicit glitz and show to the smartphone usability. Progression of Android versions: Since 2009, Android has undergone immense development with versions like Cupcake ( 1.5 ) , Donut ( 1.6 ) , Eclair ( 2.0 – 2.1 ) , Froyo ( 2.2 – 2.2.3 ) , Gingerbread ( 2.3 – 2.3.7 ) , Honeycomb ( 3.0 – 3.2.6 ) , Ice Cream Sandwich ( 4.0 – 4.0.4 ) , Jelly Bean ( 4.1 – 4.3 ) and Kitkat ( 4.4 ), being released from time to time. Android gives users the freedom to dwell in the device and use it the way they want. iPhones lack innovation: Features like NFC for bluetooth pairing, wireless charging, removal of batteries etc. are not present in iPhones. The best part of iPhones is still its camera , although Android is catching it faster even in this aspect. With the onset of an era where we are going to be covered by smartness of devices from head to toe, Android is going to take the world with storm by establishing its presence in every nook and corner of the planet. iOS is no where in all of this, only witnessing yearly releases of its smartphones every year. Smart devices are not just about smartphones now. The usability has expanded itself to a plethora of devices like upcoming smart watches, home monitoring systems, smart TVs, smart cars and so on. Consequently, it is Android that holds the mobility future and not iOS. Latest Entries: The Foundation of all Successful Apps is Requirements Gathering”, says our CEO for App Develop Does Your Brand Need a Responsive Website to Survive in a Competitive Market? Set your cash register on fire by preparing your ecommerce marketing plan for Christmas 2020!
Importance of a Clean environment
Your environment, plays a huge role in your physical and mental health and general well-being, far more than what your savings would have given you. A dirty or unattractive environment not only generates infection or rejection; but also lets go of your emotional control and intellectual stability. On the other hand, an accessible environment allows good health and contributes to the construction of vital well-being. There are two essential aspects to a clean environment. One is to get rid of dirt and dust, while the other is about order by keeping each item in its rightful and fabulous place. Many researchers have established a link between a clean environment and a healthy and comfortable life. Therefore, despite the increasing number of degenerative environmental risks, culture becomes a necessity for anyone aware of the benefits of an accessible environment. A challenge that must be mastered at all costs. Keeping your office simple and tidy can also take you to a higher spiritual realm and improve your overall fitness. It can also be overwhelming at times to keep everything in your workplace looking its best. However, if you clean it regularly, it won't seem like an impossible challenge! If you don't have time to clean your workplace yourself, you can hire a cleaning company to do the job for you. Densat is an experienced provider of housekeeping services offering quality cleaning approaches whether it is standard light or full cleaning service or not. Feel the benefits of a cleaner environment by hiring us for your cleaning service today. https://densat.com/facilities-management-services/