Greetings, recently doubled down on MEITU SEHK1357 5500 shares
Not much chatter about this stock even though it is one of the most popular mobile app companies in China - so the stock has had a double-beatdown by SaaSpocalypse and China-aversion.
Last earnings: Revenue up 28% YoY, subscribers up 34%, AI Engine revenue up 56% and US$35m share buyback.
Main appeal is that mobile beauty app use has an exceptionally high CAGR 10% ([https://dataintelo.com/report/global-beauty-camera-apps-market](https://dataintelo.com/report/global-beauty-camera-apps-market)) , especially AI augmented image editing, of which MEITU is the most undisputed popular.
Anyone traded this stock before? Thoughts or insults much appreciated - Kind regards