|Bid||31.06 x 1000|
|Ask||31.03 x 800|
|Day's Range||31.02 - 31.26|
|52 Week Range||27.66 - 46.48|
|Beta (3Y Monthly)||1.34|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||28.40|
A lot of analysts are saying Luckin Coffee, which has filed paperwork to go public on the Nasdaq with the ticker LK, is "about to beat Starbucks (NASDAQ:SBUX) at its own game."Source: Shutterstock But Luckin is playing a different game.As its F-1, the foreign corporate equivalent of an S-1, makes clear, Luckin is not about relaxing, holding meetings or spending quality time on comfy couches. Most of the 2,380 stores it had at the time of its public filing are kiosks, and most of its coffee drinks are delivered.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLuckin is for the "996" people so beloved by Alibaba Group Holding (NASDAQ:BABA) CEO Jack Ma. The 72-hour work week -- 12 hours a day, 6 days a week behind a desk -- cries out for regular shots of coffee, brought straight to you.Luckin sells coffee as a drug, not a lifestyle. The Business Model for Luckin CoffeeLuckin's aim is to use equity investors, to quickly scale beyond its larger rival, locating its outlets around every Starbucks, then destroy it through lower prices and speedy delivery. * 7 Stocks That Are Soaring This Earnings Season That could work, if Starbucks is only selling coffee. But Starbucks is selling relaxation.On the surface, Luckin looks like Starbucks on steroids. Starbucks has an app. Luckin sells only through an app. Starbucks sells baked goods. Luckin sells many food items. Starbucks is delivering through Alibaba. Luckin is delivering through SF-Express and Meituan Dianping.Luckin is everything Starbucks pretends to be, and less. While Starbucks targets upper-class executives who can afford the 30 minutes it takes to meet and talk in comfortable surroundings, with huge roasteries in major cities, Luckin targets their harassed underlings who don't have that time or that money. Class vs. ClassStarbucks CEO Kevin Johnson says Luckin is aimed at short-term growth, and that its discounts are unsustainable.Luckin did lose more than it brought in during the first three months of 2019, a loss of $82 million on sales of $71.3 million. But for all of 2018 it managed to lose much more, $132 million, on sales of just $12.9 million.There are better reasons for disquiet.Luckin's books are mixed through not one, not two, but three tax havens -- Hong Kong, the British Virgin Islands and the Cayman Islands. The company is also focused on paying its top people first, through stock options. Chairman Charles Lu is already a Luckin billionaire, with a 30.5% stake. Founder Jenny Zhiya Qian, who was COO of Lu's previous start-up, a car rental outfit called Car Inc., holds a 20% stake.Luckin has grown on the backs of equity investors like Blackrock (NYSE:BLK). It raised $500 million in its first "angel" funding round. Its latest round, just completed this month, valued the company at $2.9 billion.To keep the cash flowing Lu himself recently took out a loan of $200 million from companies that might handle the IPO, like Morgan Stanley (NYSE:MS) and Goldman Sachs (NYSE:GS), secured by mandates on the IPO.People are getting very rich on Luckin, very fast, before analysts have any idea what the company is worth, how big it will get, or its current health. The Bottom Line on the Luckin IPOLuckin has slowed Starbucks' growth.Same-store sales for Starbucks in China grew at just low-single-digit rates last year. Luckin may also be more in touch with how China lives than Starbucks. Out of its over 2,000 stores only 109 look anything like a Starbucks -- they're called "relax" stores. Some 98 of the stores are delivery-only.But as Luckin copied Starbucks, so Luckin can be copied. A chain called Coffee Box has already raised $30 million and there's an Indonesian clone called Fore.Luckin may eat Starbucks' lunch, with its investors' money, but there are plenty coming behind it to eat its own.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 7 A-Rated Stocks That Are Under $10 * 7 Stocks That Are Soaring This Earnings Season * 5 Biotech Stocks for a Long-Lived Portfolio * 10 Times Apple's Hardware Failed Consumers -- And Hurt Its Business Compare Brokers The post Luckin Coffee -- The Chinese Not-Starbucks appeared first on InvestorPlace.
Insider Monkey has processed numerous 13F filings of hedge funds and famous investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and investors' positions as of the end of the fourth quarter. You can find write-ups about an individual hedge fund's trades on numerous financial news websites. […]
On March 29, 2019, LINE Corporation filed its Annual Report on Form 20-F for the year ended December 31, 2018 with the U.S. Securities and Exchange Commission.
Along with CEO Takeshi Idezawa, he is part of a triumvirate that also includes Chief Strategy and Marketing Officer Jun Masuda. Faced with a stagnant user base and a business model that relies on advertising, Line is doubling down on payments to underpin other financial offerings and transform into an all-in-one app like Tencent Holdings Ltd.’s WeChat. “What’s most important is that Japan is moving from a cash-centered society to a cashless one,” Shin said in an interview before the board meeting.
The operator of Japan’s most popular messaging platform and the used-goods online marketplace app will let users shop and pay for purchases at stores that accept each other’s systems starting early this summer, they told reporters in Tokyo Wednesday. After years of inactivity, mobile payments competition is heating up in Japan.
Japan's Nintendo Co Ltd said on Friday it was developing a smartphone game with messaging app operator Line Corp, as it continues to branch out into mobile gaming and diversify its revenue streams. "Dr. Mario World", the latest mobile title featuring Nintendo's multi-talented plumber, will be released in early summer, the Kyoto-based company said in a statement. Nintendo needs to find new sources of revenue to offset the decline of its aging 3DS handheld console, analysts say.
TOKYO (Reuters) - Japan's Line Corp said on Friday it will develop Dr. Mario World game with Nintendo Co Ltd. Line said it aimed to release the game around the middle of this year. (Reporting by Sam Nussey ...
The operator of Japan’s most popular messaging platform plans to introduce Line Securities equities trading service jointly with the country’s biggest brokerage Nomura Holdings Inc. this year, provided it receives the necessary government permits, Tetsuhiko Saito, who heads Line’s financial arm, said in an interview in Tokyo. A banking offering in partnership with megabank Mizuho Financial Group Inc. could become available as early as fall 2020, Saito said.
No other nation uses social media for e-commerce as much as Thailand, with buyers and sellers haggling over price via chats just as they do in ubiquitous street markets, said Ariya Banomyong, Line’s managing director in the country. Social media applications like Line, Facebook and Instagram accounted for 51 percent of Thailand’s $3.1 billion e-commerce market last year, PricewaterhouseCoopers LLP research shows.
Japan's Nikkei rose for a fourth day on Wednesday, supported by buying of large cap stocks such as Fast Retailing which offset weakness in airlines. Dainippon Sumitomo Pharma added a hefty 19 points to the Nikkei, jumping 18 percent to a level not seen since 1990 after the drugmaker said all the disputes underlying its patent infringement lawsuit for its depression drug Latuda have been resolved.
Japan's Nikkei rose on Wednesday morning to more than a two-week high, with Line Corp extending gains on its partnership deal with Mizuho Bank and Tencent and shippers rallying on higher freight charges. The Japanese market took heart from a rise in U.S. shares overnight, with all three of Wall Street indexes reversing losses after White House economic adviser Larry Kudlow said a meeting between President Donald Trump and his Chinese counterpart on Saturday was an opportunity to "turn the page" on a trade war.
Japanese chat app operator Line Corp (3938.T) will set up a bank with Mizuho Financial Group Inc (8411.T) and also partner China's Tencent Holdings Ltd to offer mobile payment services - plans which saw its stock rise 13 percent on Tuesday. Pending regulatory approval, the bank will provide financial services to Line's almost 80 million users from 2020, Line and Mizuho said, without detailing the services to be offered. Line will hold 51 percent of the bank with Mizuho owning the rest.
(Bloomberg Opinion) -- Line Corp. investors are so desperate for any shred of good news that reports of a tie-up with Tencent Holdings Ltd. drove the stock’s biggest gain in two years.
Japanese stocks advanced on Tuesday, lifted by a rally on Wall Street and as a weaker yen supported exporters, although fresh concerns about U.S.-China trade tensions limited broader gains. The Nikkei ...