The financial terminal shows that the global asset management giant Vanguard Group recently bought shares in newborntown (9911.HK), becoming one of its largest institutional investors. Vanguard is a leading asset management giant in the usa index fund development and the largest mutual fund provider and the second largest exchange-traded fund (ETF) provider globally.

As a leading social entertainment company deeply engaged in the Middle East and North Africa market, newborntown has shown significant performance this year, with continuously improving market cap, increasing by 92.27% from the beginning of the year to November 25, and a rise of 28.62% in the last three months. Thanks to excellent performance and stock price movements, in September this year, newborntown was included in the FTSE Global Small Cap Index and the FTSE All-Cap (LMS) index.

It is understood that companies included in the FTSE GEIS index must perform excellently in aspects such as compliance, profitability, and corporate governance, while possessing high liquidity and high growth potential. Based on the historical changes of the components in this index, the changes in market cap of companies are one of the core factors for adjustments, and the inclusion of individual stocks is significantly related to their stock price performance at various stages.

tianfeng released a research report stating that inclusion in the FTSE index will further enhance newborntown's visibility and influence in the international capital markets, while the company will receive funds from tracking the index globally. Vanguard Group is one of the index funds that followed up to buy after newborntown was included in the FTSE index, and it has now become one of the largest institutional investors in newborntown.

In recent years, the Middle East and North Africa market has been attracting investors' attention globally. As a rare symbol deeply engaged in the social entertainment industry over the years in the Hong Kong stock market, newborntown has demonstrated both stability and high growth in performance, and its influence in the global capital markets continues to rise. In addition to Vanguard Group, several global asset management institutions have also followed up to buy or increase shareholding in newborntown in the second half of this year.

According to the operational data announcement for the first three quarters of 2024 released by newborntown, the company's core social business maintains rapid growth with impressive operational data. As of September 30, 2024, the total revenue from the social business is approximately 32.40~3.28 billion yuan, an increase of approximately 60.7%~62.7% compared to the same period in 2023.

In comparison with peers, the company continuously improves its global social business layout through "product replication" and "country replication," forming a distributed product matrix reminiscent of a shrubbery. Its newly emerging star products are flourishing at multiple points, reinforcing its moat in key markets such as the Middle East and North Africa. With the release of the potential in the Middle East and North Africa market, strong growth in the company's business, and increasing international capital interest, the long-term investment value of newborntown is expected to further manifest.