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Chan Ze Ming
21 Oct 2020
Accountancy and Finance Student at Nanyang Polytechnic
Hello!
Netflix is one of the most popular streaming app in the world. I am not sure about their competitors except Disney plus (They recently announced that they are gonna invest more on streaming apps). As for the price, did it only tumbled because of the growth miss or market weakness or some other underlying reasons (rally for a long time, hot stock, caused it to rise too much)?
Might want to use some technical indicators such as RSI, Ma cross and MACD to see if its under/over valued (4hr chart - rsi 28.87 but macd/ma cross not gonna cross anytime soon i guess)
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Lin Yun Heng
21 Oct 2020
Senior Analyst at Delphi
Again, price alone tells you nothing about the company, its valuations or how well it is performing....
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Their main competitors are Disney + and Amazon Prime videos.
Netflix business is highly concentrated in the streaming business unlike the other 2, although it is the largest amongst them.
Do note they have high debt compared to cash and have been having negative cash flows even in recent years.