Sign in

    Jenny Wang

    Senior Vice President and International Financial Advisor at UBS Group AG

    Jenny Wang is a Senior Vice President and International Financial Advisor at UBS International Financial Services, specializing in global wealth management for high net worth clients, with a focus on China, Taiwan, and Hong Kong. With over 27 years of experience, she has managed complex portfolios and assisted clients with investment, asset management, private equity, and offshore trust needs, serving individuals and businesses internationally. Wang began her finance career at Bank of America in the mid-1990s, held Vice President roles at Wells Fargo and First Vice President at Merrill Lynch until 2016, before joining UBS that same year. She is a founding member of the Asian Private Client Group in Los Angeles, renowned for her expertise with ultra-high net worth clients and holding extensive industry credentials in client development and wealth management.

    Jenny Wang's questions to Hello Group (MOMO) leadership

    Jenny Wang's questions to Hello Group (MOMO) leadership • Q4 2024

    Question

    Jenny Wang asked about the company's capital return policy, noting that this year's special dividend was not larger than in previous years. She questioned if the extended and upsized share buyback program signals a strategic preference for buybacks over dividends going forward.

    Answer

    COO Sichuan Zhang responded that the company will not institute a regular dividend policy to maintain flexibility for capital allocation towards growth opportunities. She explained that with the stock trading significantly below its cash value, share buybacks currently offer a better return for shareholders. Therefore, management prefers to keep its options open to choose the most value-accretive method of capital return, whether it be dividends, buybacks, or M&A.

    Ask Fintool Equity Research AI