Zengame Technology Co., Ltd.
Thesis
Zengame is seen as a deep value investment opportunity, particularly with its potential for growth through existing games like Fishing Master and the possibility of overseas revenue. The investor believes that despite the company's current challenges, it is worth holding for the next 2-3 years to see how it performs as it navigates its growth cycle.
Did it work?
The pitch is a long-term (2-3 year) deep value thesis on Zengame hinging on growth from existing games like Fishing Master and overseas revenue expansion. No price performance data is available and the time elapsed is unknown, and there is no evidence confirming or refuting the key thesis drivers (game performance or overseas revenue). With neither the return nor the thesis catalysts verifiable, no judgement can be made.