Redeye again raise estimates and valuation on Stillfront following strong, yet in-line Q4’19 performance, and reiterate our positive stance on the stock. In particular, we believe the market has yet to fully grasp the potential of the Storm8 and KIXEYE acquisitions which, characteristically, we think may drive positive earnings surprises for in the year ahead. We see a limited effect of a virus outbreak on Stillfront’s business. In China, demand for gaming apps has surged. We see Stillfront as a hedge against the recent market turmoil.

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