Nelson Chang's questions to PGRU leadership • Q3 2023
Question
Inquired about the expected timing of the industry recovery in 2024, potential competitive threats from new market entrants, and the company's plans for capital allocation and use of its cash position.
Answer
Management expects Vietnam's recovery closer to mid-2024, while Singapore remains healthy and Malaysia faces a price disconnect. They noted Vietnam's revenue could rebound quickly once confidence returns. On competition, they see no immediate major threats and are investing in AI and data to maintain their lead. Regarding cash, the focus is on M&A in data, fintech, and home services, though finding suitable targets at reasonable valuations has been challenging.