Zengame Technology Co., Ltd.
ZENG
position
long
RF Capital Management
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?
inconclusive
confidence: low
Without specific price performance data or a defined time frame since the pitch, it's difficult to assess whether the thesis has played out. The potential for growth through existing games and overseas revenue remains speculative, and we cannot determine if the investment thesis has been validated or invalidated. Therefore, the confidence in this assessment is low.
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