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    Fawne Jiang

    Research Analyst at Benchmark

    Fawne Jiang is an Equity Research Analyst at Benchmark specializing in China internet and global ecommerce, with a particular focus on emerging markets. She covers prominent companies such as Baidu, Tencent Music Entertainment Group, and Joyy, and was ranked #1 Top Stock Picker by StarMine in 2019 and 2020. Jiang began her career as an investment banker at J.P. Morgan Securities before leading China research at Brean Capital for over seven years, and brings more than fifteen years of industry experience. She holds a double major in Economics and German Literature from Beijing University, an M.S. from the University of North Carolina at Chapel Hill, and an MBA from Duke University.

    Fawne Jiang's questions to PGRU leadership

    Fawne Jiang's questions to PGRU leadership • Q1 2024

    Question

    Inquired about the expected pace and magnitude of the market recovery in Vietnam and Malaysia, the reasons for the slow start in the Fintech business and its outlook, and the cost and margin trends for the rest of the year given the strong Q1 performance.

    Answer

    The recovery in Vietnam shows encouraging signs with government support and strong consumer demand, but it's too early to predict the pace. The Fintech business's slow start was due to the closure of FastKey and lower mortgage volumes, but the company remains confident in its long-term potential. The company reaffirmed its full-year guidance, noting that Q1 costs were seasonally low and investments will increase through the year.

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