JCinvest personal page - To The Moon

JCinvest

JCinvest

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06-29

Huat ahhh everyone. Wishing all full of wealth

06-29

Wow

@TigerEvents:[10th Anniv] Discover exciting features & win a US$1,010 reward!

2023-11-08

Ohhhhhh yeahhh happu

2023-11-07

Yeaaaaaaahhhhhh wow

2023-11-06

I love this kind of event

2023-11-05

Ohhh yeahhh wow wowow

2023-11-03

Oh yeahh let's go. Movemeber

2023-11-02

Niceeee man. Wowwow wow

2023-11-01

Wowww love this campaign

2023-10-31

Yeahhh all good. Let's go

2023-10-31

Join join

@TigerEvents:Join Tiger's Halloween Fun! Win Big!

2023-10-25

$NIO Inc.(NIO)$ lets bring this to $10

2023-05-23

Kkk

@AmitKukreja: A MONSTER RALLY TO START THIS WEEK, WILL IT CONTINUE? | finance junkies

2023-04-22

Woww

@OneOption: We wait for the actual announcement. We want the stock to breakout major technical levels on heavy volume. Those moves have ...How To Trade Earnings After the ReleaseFrom Youtube: https://www.youtube.com/watch?v=SxO6PEWLWZk

2023-04-17

Woww

@OneOption: Trading When You Don't Have A Market Bias

2023-04-15

Woww

2023-04-13

Wowww

2023-04-12

Nicer lah

2023-04-11

Nicer

2023-04-10

Wowww

Go to Tiger App to see more news

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Get ready for some fun, and earn points to win a USD 100 stock voucher and AAPL stock!*In this thrilling game, you'll have just 60 seconds to fend off a gang of mischievous Halloween spirits. It's your job to give them a fright and chase them away with a tap – the more, the merrier!Now, here's the twist: each ghostly friend will require different taps and will reward you with various points.Airy the Apparition - Just one tap, and poof, they vanish. Spooktacularly easy!Bubbles the Water Pixie - Disappears with zero taps - A true magic trick!Rocky the Earth Spirit - You'll need to tap twice to send it packing. He's grounded, you see.Flicker the Embergeist - Another one-ta","text":"Hey there, spooky squad! 🎃Halloween is coming, and it's time for some fang-tastic fun with our new game - Trick Or Trade! Get ready for some fun, and earn points to win a USD 100 stock voucher and AAPL stock!*In this thrilling game, you'll have just 60 seconds to fend off a gang of mischievous Halloween spirits. It's your job to give them a fright and chase them away with a tap – the more, the merrier!Now, here's the twist: each ghostly friend will require different taps and will reward you with various points.Airy the Apparition - Just one tap, and poof, they vanish. Spooktacularly easy!Bubbles the Water Pixie - Disappears with zero taps - A true magic trick!Rocky the Earth Spirit - You'll need to tap twice to send it packing. He's grounded, you see.Flicker the Embergeist - Another one-ta","images":[{"img":"https://community-static.tradeup.com/news/ad478b709732d53302c395a52fa1c8e1","width":"1200","height":"630"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/234641357262864","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":234320938549368,"gmtCreate":1698243028735,"gmtModify":1698243033330,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$ </a>&nbsp;lets bring this to $10&nbsp;","listText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$ </a>&nbsp;lets bring this to $10&nbsp;","text":"$NIO Inc.(NIO)$ lets bring this to $10","images":[{"img":"https://community-static.tradeup.com/news/46bbb59524bafc9f7894f72d28eb77ca","width":"1080","height":"1633"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/234320938549368","isVote":1,"tweetType":1,"viewCount":439,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9970428578,"gmtCreate":1684847418494,"gmtModify":1684847423296,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"themes":[],"htmlText":"Kkk","listText":"Kkk","text":"Kkk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970428578","repostId":"9970468056","repostType":1,"repost":{"id":9970468056,"gmtCreate":1684834711476,"gmtModify":1684835808354,"author":{"id":"9000000000000610","authorId":"9000000000000610","name":"AmitKukreja","avatar":"https://community-static.tradeup.com/news/36eba9d34c280ca1d64636bcc710c5bf","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"9000000000000610","authorIdStr":"9000000000000610"},"themes":[],"htmlText":"\n \n \n  A MONSTER RALLY TO START THIS WEEK, WILL IT CONTINUE? | finance junkies\n \n","listText":"A MONSTER RALLY TO START THIS WEEK, WILL IT CONTINUE? | finance junkies","text":"A MONSTER RALLY TO START THIS WEEK, WILL IT CONTINUE? | finance junkies","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970468056","isVote":1,"tweetType":2,"object":{"id":"bb6a7bae1f5443708a3efb1b9b6119fe","tweetId":"9970468056","title":"A MONSTER RALLY TO START THIS WEEK, WILL IT CONTINUE? | finance junkies","videoUrl":"http://v.tigerbbs.com/16848347013728e827d9b3e3acef107a2ac283ac59530.mp4","poster":"https://static.tigerbbs.com/467ed2bc70c80de40c73be3bc6bec532","shareLink":"http://v.tigerbbs.com/16848347013728e827d9b3e3acef107a2ac283ac59530.mp4"},"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":135,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9944784779,"gmtCreate":1682147880991,"gmtModify":1682147884844,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"themes":[],"htmlText":"Woww","listText":"Woww","text":"Woww","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944784779","repostId":"9944788914","repostType":1,"repost":{"id":9944788914,"gmtCreate":1682132586838,"gmtModify":1682140347962,"author":{"id":"10000000000010724","authorId":"10000000000010724","name":"OneOption","avatar":"https://community-static.tradeup.com/news/d0a2e8cb7539f024ffa4496d37d5c623","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"10000000000010724","authorIdStr":"10000000000010724"},"themes":[],"htmlText":"\n \n \n  We wait for the actual announcement. We want the stock to breakout major technical levels on heavy volume. Those moves have ...<a href=\"https://laohu8.com/POSTVIDEO/{ID}\"></a><a href=\"https://www.youtube.com/embed/SxO6PEWLWZk\">How To Trade Earnings After the Release</a>From Youtube: https://www.youtube.com/watch?v=SxO6PEWLWZk\n \n","listText":"We wait for the actual announcement. We want the stock to breakout major technical levels on heavy volume. Those moves have ...<a href=\"https://laohu8.com/POSTVIDEO/{ID}\"></a><a href=\"https://www.youtube.com/embed/SxO6PEWLWZk\">How To Trade Earnings After the Release</a>From Youtube: https://www.youtube.com/watch?v=SxO6PEWLWZk","text":"We wait for the actual announcement. We want the stock to breakout major technical levels on heavy volume. Those moves have ...How To Trade Earnings After the ReleaseFrom Youtube: https://www.youtube.com/watch?v=SxO6PEWLWZk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944788914","isVote":1,"tweetType":2,"object":{"id":"43a0e9cdffbc47bfb9cae999d6ad2912","tweetId":"9944788914","title":"How To Trade Earnings After the 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\n \n  Trading When You Don't Have A Market Bias\n \n","listText":"Trading When You Don't Have A Market Bias","text":"Trading When You Don't Have A Market Bias","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944102115","isVote":1,"tweetType":2,"object":{"id":"99266ba4434c4396ba7e1dd6a2ec6da1","tweetId":"9944102115","title":"Trading When You Don&#39;t Have A Market 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lah&nbsp;","listText":"Nicer lah&nbsp;","text":"Nicer lah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9942745009","isVote":1,"tweetType":1,"viewCount":279,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9942659195,"gmtCreate":1681218223418,"gmtModify":1681218227884,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"themes":[],"htmlText":"Nicer&nbsp;","listText":"Nicer&nbsp;","text":"Nicer","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9942659195","isVote":1,"tweetType":1,"viewCount":154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9942389278,"gmtCreate":1681135084394,"gmtModify":1681135087887,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"themes":[],"htmlText":"Wowww","listText":"Wowww","text":"Wowww","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9942389278","isVote":1,"tweetType":1,"viewCount":423,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":816229329,"gmtCreate":1630504388161,"gmtModify":1676530323051,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SPRT\">$Support.com(SPRT)$</a>&nbsp;look at&nbsp;<a href=\"https://laohu8.com/S/BBIG\">$Vinco Ventures, Inc.(BBIG)$</a>&nbsp;shorts are covering!We can do this for support too!&nbsp;","listText":"<a href=\"https://laohu8.com/S/SPRT\">$Support.com(SPRT)$</a>&nbsp;look at&nbsp;<a href=\"https://laohu8.com/S/BBIG\">$Vinco Ventures, Inc.(BBIG)$</a>&nbsp;shorts are covering!We can do this for support too!&nbsp;","text":"$Support.com(SPRT)$ look at $Vinco Ventures, Inc.(BBIG)$ shorts are covering!We can do this for support too!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":165,"commentSize":42,"repostSize":0,"link":"https://ttm.financial/post/816229329","isVote":1,"tweetType":1,"viewCount":3911,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3585449851216062","authorId":"3585449851216062","name":"nokia3210","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"idStr":"3585449851216062","authorIdStr":"3585449851216062"},"content":"how much you think can go?","text":"how much you think can go?","html":"how much you think can go?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940300304,"gmtCreate":1677676240808,"gmtModify":1677676243882,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"themes":[],"htmlText":"Awesome//<a href=\"https://laohu8.com/U/3554931312261326\">@nickname168</a>:<a href=\"https://ttm.financial/S/BSL.SI\">$RAFFLES MEDICAL GROUP LTD(BSL.SI)$</a>reported profit after tax of S$143.7 million, 71.7 per cent increase compared with FY 2021. Raffles Medical’s directors expect the group to remain profitable in FY2023. The group expects its core healthcare business in Singapore to continue growing and expanding while its non-core Covid-19-related business phases out. With more than 46 years of offering quality healthcare solutions to patients, the Group continues to evolve and work with key corporate customers and clients across the 14 cities, to develop and offer integrated healthcare solutions that are tailored to meet their needs. The Group will continue to improve its operational lev","listText":"Awesome//<a href=\"https://laohu8.com/U/3554931312261326\">@nickname168</a>:<a href=\"https://ttm.financial/S/BSL.SI\">$RAFFLES MEDICAL GROUP LTD(BSL.SI)$</a>reported profit after tax of S$143.7 million, 71.7 per cent increase compared with FY 2021. Raffles Medical’s directors expect the group to remain profitable in FY2023. The group expects its core healthcare business in Singapore to continue growing and expanding while its non-core Covid-19-related business phases out. With more than 46 years of offering quality healthcare solutions to patients, the Group continues to evolve and work with key corporate customers and clients across the 14 cities, to develop and offer integrated healthcare solutions that are tailored to meet their needs. The Group will continue to improve its operational lev","text":"Awesome//@nickname168:$RAFFLES MEDICAL GROUP LTD(BSL.SI)$reported profit after tax of S$143.7 million, 71.7 per cent increase compared with FY 2021. Raffles Medical’s directors expect the group to remain profitable in FY2023. The group expects its core healthcare business in Singapore to continue growing and expanding while its non-core Covid-19-related business phases out. With more than 46 years of offering quality healthcare solutions to patients, the Group continues to evolve and work with key corporate customers and clients across the 14 cities, to develop and offer integrated healthcare solutions that are tailored to meet their needs. The Group will continue to improve its operational lev","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":17,"commentSize":14,"repostSize":0,"link":"https://ttm.financial/post/9940300304","repostId":"9957484581","repostType":1,"repost":{"id":9957484581,"gmtCreate":1677493733243,"gmtModify":1677494143805,"author":{"id":"4106547232749330","authorId":"4106547232749330","name":"Tiger_SG","avatar":"https://community-static.tradeup.com/news/9eb57a835b72d997d1941fb6605d80a4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106547232749330","authorIdStr":"4106547232749330"},"themes":[],"title":"[Reward] Earnings Digest Gala: Find a Dark Horse for This Week","htmlText":"To every SGX trader!Normally, stocks can experience significant volatility around the time of earnings release.The market will reward companies that beat expectations and also give positive earnings forecasts. Ofcouse, the market will also punish the stocks that miss estimates.Following are the list of companies that will ex_dividend or release earnings data this week.Welcome tigers to \"Mark\" which stock you are holding or which stock is your future choices, please reply with \"recent earnings&nbsp;data\" of your choices.&nbsp;We will reward you lovely. Thanks!Ex_Dividend Stock / REIT This WeekTypeDetailEx DateRecord DatePayment Date<a target=\"_blank\" href=\"https://ttm.financial/S/K29.SI\">$KARIN TECHNOLOGY HLDGS LIMITED(K29.SI)$</a>DIVIDENDHKD 0.0522023/2/282023/3/12023/3/16","listText":"To every SGX trader!Normally, stocks can experience significant volatility around the time of earnings release.The market will reward companies that beat expectations and also give positive earnings forecasts. Ofcouse, the market will also punish the stocks that miss estimates.Following are the list of companies that will ex_dividend or release earnings data this week.Welcome tigers to \"Mark\" which stock you are holding or which stock is your future choices, please reply with \"recent earnings&nbsp;data\" of your choices.&nbsp;We will reward you lovely. Thanks!Ex_Dividend Stock / REIT This WeekTypeDetailEx DateRecord DatePayment Date<a target=\"_blank\" href=\"https://ttm.financial/S/K29.SI\">$KARIN TECHNOLOGY HLDGS LIMITED(K29.SI)$</a>DIVIDENDHKD 0.0522023/2/282023/3/12023/3/16","text":"To every SGX trader!Normally, stocks can experience significant volatility around the time of earnings release.The market will reward companies that beat expectations and also give positive earnings forecasts. Ofcouse, the market will also punish the stocks that miss estimates.Following are the list of companies that will ex_dividend or release earnings data this week.Welcome tigers to \"Mark\" which stock you are holding or which stock is your future choices, please reply with \"recent earnings data\" of your choices. We will reward you lovely. Thanks!Ex_Dividend Stock / REIT This WeekTypeDetailEx DateRecord DatePayment Date$KARIN TECHNOLOGY HLDGS LIMITED(K29.SI)$DIVIDENDHKD 0.0522023/2/282023/3/12023/3/16","images":[{"img":"https://community-static.tradeup.com/news/0ba2b791d3cc615041fb018a0a97c798","width":"480","height":"360"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957484581","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"subType":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":315,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9953016850,"gmtCreate":1673101943071,"gmtModify":1676538786845,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GPRO\">$GoPro(GPRO)$ &nbsp;</a>wow","listText":"<a href=\"https://ttm.financial/S/GPRO\">$GoPro(GPRO)$ &nbsp;</a>wow","text":"$GoPro(GPRO)$ wow","images":[{"img":"https://community-static.tradeup.com/news/f39609a8e35a45e9a93434dc9262aad5","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":24,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9953016850","isVote":1,"tweetType":1,"viewCount":215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":830964821,"gmtCreate":1629002025663,"gmtModify":1676529908604,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>&nbsp;waiting for a rebound above $20&nbsp;","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>&nbsp;waiting for a rebound above $20&nbsp;","text":"$Tiger Brokers(TIGR)$ waiting for a rebound above $20","images":[{"img":"https://static.tigerbbs.com/a2ebd854fd5e0307ac563aa78f5f4fe8","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/830964821","isVote":1,"tweetType":1,"viewCount":59,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582001055198315","authorId":"3582001055198315","name":"kerestia","avatar":"https://static.tigerbbs.com/8be79e7432a13721035715b6d0e10adc","crmLevel":2,"crmLevelSwitch":0,"idStr":"3582001055198315","authorIdStr":"3582001055198315"},"content":"jialat right this one. I'm in same boat as you. waiting for it to go above 22 then we can smile again","text":"jialat right this one. I'm in same boat as you. waiting for it to go above 22 then we can smile again","html":"jialat right this one. I'm in same boat as you. waiting for it to go above 22 then we can smile again"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":888987573,"gmtCreate":1631422691692,"gmtModify":1676530546062,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>&nbsp;Can it head back to $30?&nbsp;","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>&nbsp;Can it head back to $30?&nbsp;","text":"$Tiger Brokers(TIGR)$ Can it head back to $30?","images":[{"img":"https://static.tigerbbs.com/bdca2447357855cf579a7dbf62aa260a","width":"1080","height":"3210"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/888987573","isVote":1,"tweetType":1,"viewCount":268,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4087619065289330","authorId":"4087619065289330","name":"大福宝","avatar":"https://static.tigerbbs.com/cc023b285c45e7bda107c493e857127a","crmLevel":1,"crmLevelSwitch":0,"idStr":"4087619065289330","authorIdStr":"4087619065289330"},"content":"Yes, hood","text":"Yes, hood","html":"Yes, hood"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9035756742,"gmtCreate":1647700616634,"gmtModify":1676534259331,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"themes":[],"htmlText":"Gogo","listText":"Gogo","text":"Gogo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035756742","repostId":"2220777059","repostType":4,"repost":{"id":"2220777059","pubTimestamp":1647653153,"share":"https://ttm.financial/m/news/2220777059?lang=&edition=fundamental","pubTime":"2022-03-19 09:25","market":"sg","language":"en","title":"Sea Limited: The Three-Headed Monster","url":"https://stock-news.laohu8.com/highlight/detail?id=2220777059","media":"seekingalpha","summary":"SummaryGarena, Sea’s only profitable segment, serves as a lifeline for its other two segments, but B","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Garena, Sea’s only profitable segment, serves as a lifeline for its other two segments, but Bookings are expected to fall sharply in FY2022.</li><li>In addition, Shopee&#39;s losses are widening. However, the e-commerce segment is expected to be self-funded by 2025. This is achievable as take rates are trending in the right direction.</li><li>SeaMoney is also gaining traction at an unprecedented pace, a monster lurking in the shadows. Investors should pay attention as this segment could serve as Sea&#39;s second cash cow.</li><li>With a net cash position of $5.9 billion and $(3.6) billion of estimated AEBITDA in FY2022, it won&#39;t be long before Sea requires another cash infusion.</li><li>Despite unprofitability risks, Sea has a strong brand, network effects, and barriers to entry moats. The stock is trading at the lowest multiple ever - it is worth a nibble at these prices.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51b3290f2015840c5d8f754c01de8a85\" tg-width=\"750\" tg-height=\"422\" referrerpolicy=\"no-referrer\"/><span>undefined undefined/iStock via Getty Images</span></p><p>I&#39;ve been following Sea Limited ADR (NYSE:SE) for quite some time now and the stock got me interested again given the recent 75% selloff. Today, I&#39;m doing a deep dive on the three-headed monster (and each of its heads) to see if the company is a good investment opportunity at these levels. Let&#39;s get started!</p><p><b>Investment Thesis</b></p><p>Sea is at the forefront of the internet revolution in developing regions. This had many investors buying into the growth story of the company, sending shares soaring high into the sun for the better part of 2020 and 2021. However, the stock has cratered back to sea amid concerns about the company&#39;s slowing growth, especially for its only cash cow, Garena. To make matters worse, Shopee&#39;s losses are also getting worse.</p><p>The Group&#39;s cash burn rate is still high, estimated to be $(3.6) billion in FY2022. With a net cash position of $5.9 billion, future capital raises are very likely.</p><p>On the bright side, Sea still has a long growth runway ahead, solidified by its leadership positions in Southeast Asia and Latin America. SeaMoney, although still unprofitable, could also emerge as Sea&#39;s second cash cow.</p><p>Despite unprofitability and competitive risks, Sea has strong competitive moats and it is trading at the cheapest valuation multiples since its IPO.</p><p>The three-headed monster is a Buy at these levels.</p><p><b>Value Proposition</b></p><p>Founded in Singapore in 2009, Sea has grown to become the leading consumer internet company in the world, with a substantial presence in the Southeast Asian region.</p><blockquote><b>Mission</b>: To better the lives of consumers and small businesses with technology.</blockquote><p>Sea is a holding company for three core businesses: Garena, Shopee, and SeaMoney. Sea&#39;s main value proposition is providing a vertically-integrated experience through its different core businesses.</p><p><b>Garena</b></p><p>Its digital entertainment division, Garena, was Sea&#39;s first business venture. In fact, Sea was originally named Garena Interactive Holding Limited before changing its name to Sea Limited in 2017.</p><p>Garena is one of the largest online games developers and publishers, releasing some of the most successful mobile and PC games over the last decade. For example, Garena&#39;s Free Fire, its self-developed mobile battle royale game, topped the global download charts for the last three years. According to data.ai, Free Fire also ranked second globally by average monthly active users on Google Play in 2021. In Southeast Asia and Latin America, Free Fire was the highest-grossing mobile game for ten consecutive quarters, and in the US for four consecutive quarters. Based on Sensor <a href=\"https://laohu8.com/S/TWR.AU\">Tower</a>&#39;s findings, Free Fire still holds the most downloads globally as of January 2022.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fa392753c19f14d60ee0d992e58c3d2f\" tg-width=\"1280\" tg-height=\"741\" referrerpolicy=\"no-referrer\"/><span>Source: SensorTower</span></p><p>Garena also exclusively licenses and publishes games from global partners and third-party developers. Some of these partners include Tencent (OTCPK:TCEHY), Activision (ATVI), and Arumgames. Games like Speed Drifters, Arena of Valor, and Fantasy Town fall into this category as they are co-developed with partners or licensed from partners.</p><p>In addition, Garena organizes some of the largest e-sports events from local tournaments to professional competitions at a global level. Moreover, Garena offers other entertainment content such as live-streaming, user chat, and online forums.</p><p><b>Shopee</b></p><p>Perhaps the most exciting business segment is Sea&#39;s mobile-centric e-commerce platform, Shopee. Launched in 2015, Shopee is now one of the fastest-growing e-commerce marketplaces with a strong presence in Southeast Asia, as well as growing recognition in Latin America and some European countries.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6649de846b2942b928a3f3e5d4035003\" tg-width=\"640\" tg-height=\"200\" referrerpolicy=\"no-referrer\"/><span>Source: Shopee</span></p><p>Through the Shopee platform, buyers can purchase items from sellers which are primarily small and medium businesses (or mom-and-pop stores). At the same time, larger, more established retailers like Xiaomi (OTCPK:XIACF), Microsoft (MSFT), or Samsung (OTC:SSNLF) can leverage Shopee&#39;s two premium shopping platforms, Shopee Mall and Shopee Premium.</p><p>Along with Shopee&#39;s e-commerce marketplace, Shopee also offers adjacent products and services for both buyers and sellers:</p><ul><li><b>Service by Shopee</b> - Value-added services for sellers such as integrated payment, logistics, fulfillment, seller support, inventory management, and online store operations.</li><li><b>BuyerProtection</b> - Consumer protection policies and procedures including seller verification, product listing screening, and dispute resolution. In addition, Shopee Guarantee reduces settlement risks by holding customers&#39; funds in a separate account until delivery is complete, where funds will be released to buyers.</li><li><b>Integrated Logistics Services</b>- Shopee partners with various local and regional third-party logistics service providers to provide a seamless last-mile delivery experience for both buyers and sellers. Shopee also has its own delivery service called Shopee Xpress.</li><li><b>Social Features</b> - Shopee also offers other social and gamification features, including Shopee Coins (virtual currency), Shopee Live (livestream), Shopee Games (in-app games), and Shopee Feed (similar to Instagram).</li><li><b>On-demand Services</b>- Shopee also recently launched on-demand services such as ShopeeFood, instant delivery, and groceries, competing directly with Grab (GRAB), Gojek, and Uber (UBER).</li></ul><p>Shopee&#39;s scale is unmatched and it is still growing at an unprecedented pace. According to data.ai, Shopee in Southeast Asia and Taiwan ranked first in average monthly active users and total time spent in the app in 2021. Shopee Indonesia, arguably Shopee&#39;s most important market, ranked first in the Shopping category. Shopee Brazil, which launched in October 2019, was also ranked first in the Shopping category. And globally, Shopee ranked first in the Shopping category, and is the #13 most downloaded app regardless of category, logging in 200+ million downloads in 2021.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f9c550b140720336e00cc78e954d184\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Source: SensorTower</span></p><p><b>SeaMoney</b></p><p>SeaMoney was launched in 2014 and is now one of the leading digital financial services providers in Sea&#39;s operating countries. SeaMoney offers mobile wallet services, payment processing, credit, and other digital financial services. These services are offered under SeaMoney&#39;s various brands including AirPay, ShopeePay, SPayLater, and other local brands depending on the country. SeaMoney was initially launched in Vietnam and Thailand but has since expanded to other regions.</p><p>Through SeaMoney&#39;s mobile wallet offerings, consumers and merchants have added flexibility in terms of payment options, whether through online or offline means. The launch of SPayLater, which is basically a &#34;buy now pay later&#34; payment option, enables consumers to purchase items without accessing credit. For those who are interested, I&#39;ve written a deep dive on Affirm (AFRM) where I discuss the main value propositions that BNPL provides.</p><p>SeaMoney has obtained bank licenses and government approvals to provide financial services in various countries. For example, Sea acquired Bank Kesejahteraan Ekonomi in Indonesia back in early 2021 as a push towards offering a digital banking solution. The company is now rebranded to SeaBank, which currently offers a high-yield savings account and virtual account.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c85c862195f86fe9d4f0f8c8beced6b\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Source: SeaBank Website</span></p><p>SeaMoney&#39;s main value proposition lies in offering a mobile wallet and payment solutions that are integrated with Sea&#39;s other businesses, namely Garena and Shopee, enabling consumers and merchants to transact seamlessly in one vertically-integrated platform.</p><p><b>Market Opportunity</b></p><p>Sea&#39;s market opportunity is predicated around the industry outlook of each of its business segments: mobile gaming, e-commerce, and fintech. Let&#39;s take a look at each industry that Sea operates in.</p><p>First, we have the mobile gaming industry. According to data.ai, Mobile Game Consumer Spend grew from $74 billion in 2018 to $116 billion in 2021, while Mobile Game Downloads grew from 63 billion in 2018 to 83 billion in 2021. Among the Top Genres by Downloads were Hypercasual games such as Hair Challenge and Water Sort Puzzle. However, the Top Genres by Consumer Spend belong to the Strategy, RPG, and Shooting categories where Garena specializes in. For example, Free Fire was the top Shooting game by revenue in Thailand, Brazil, Mexico, and the US, in 2021. Globally, however, it is still behind PUBG Mobile, which generates the bulk of its revenue from China.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f72bda6df6bc2b7bdf8756d218f53185\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Source: SensorTower</span></p><p>According to Adjust, the mobile gaming industry is expected to reach $272 billion by 2030, which is about 1.5x of 2021&#39;s total figure. Given Garena&#39;s successes in monetizing its games, Garena should continue to enjoy gaming tailwinds in the foreseeable future, provided that its games remain in trend. This is also supported by Unity&#39;s findings that the APAC region is the fastest-growing regional market, a market that Garena dominates in.</p><p>Moving on to e-commerce, we all know that e-commerce is growing rapidly and that its market share as a whole will continue to trend up from here. This is especially true for the Southeast Asian region where internet and smartphone adoption continues to increase by the day. Based on the e-Conomy SEA report, Southeast Asia now has 440 million internet users, up from 360 million in 2019. Its total population is about 589 million.</p><p>Internet Gross Merchandise Value, or GMV, for the region was $170 billion in 2021 and is expected to reach $360 billion by 2025 with e-commerce leading the charge. The shift to e-commerce is not only happening on the consumer side but also on the merchant side. Digital marketing tools, analytical tools, and digital payment solutions have accelerated business for merchants. Shopee&#39;s vertically-integrated platform also makes it easy for merchants in these developing countries to set up shop, distribute goods, and accept payments in a single platform.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2fcb903aed7c0ec901fc83c4f25f18b8\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Source: e-Conomy SEA 2021</span></p><p>Furthermore, Sea has recently expanded its e-commerce operations to other regions such as Latin America and Europe, which further expands its market opportunity.</p><p>Lastly, we have the fintech industry pertaining to SeaMoney. In my <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> (PYPL) deep dive, I discussed the growth of mobile wallets as a payment method in both online and offline transactions. The shift to a cashless and cardless society is inevitable and that is also true for Sea&#39;s markets.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/47ec896a6208b6023ae89f654704bbc7\" tg-width=\"1261\" tg-height=\"706\" referrerpolicy=\"no-referrer\"/><span>Source: Ark Invest Big Ideas 2022</span></p><p>As you can see below, mobile wallets continue to gain traction in Southeast Asia. In addition, 92% of digital merchants intend to maintain usage or increase usage of digital payments in the next 1 to 2 years. ShopeePay and SeaMoney&#39;s other brands will benefit from this trend. Also of important note, SeaMoney&#39;s expansion to buy now pay later with SPayLater will be a key GMV and revenue driver for the segment. These are the reasons why some investors are so bullish on SeaMoney and why SeaMoney is a monster lurking in the shadows.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0eb814b800c3121e3fb8cd0913f239d5\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Source: e-Conomy SEA 2021</span></p><p>As you can see, Sea is at the forefront of three megatrends which should propel the business forward from here. Also, combining the different verticals in the same platform would present a significant synergistic opportunity as Sea establishes itself as a SuperApp in the making.</p><p><b>Revenue Model</b></p><p>As mentioned previously, Sea operates three main business segments.</p><p><b>Digital Entertainment</b></p><p>Garena operates a freemium model whereby users can download and play games for free. The company generates revenue by selling in-game virtual items such as clothing, weaponry, or equipment.</p><p>Investors should take note of how revenue is recognized for this segment. According to Sea&#39;s 10-K:</p><blockquote>Proceeds from these sales are initially recognized as “Advances from customers” and subsequently reclassified to “Deferred revenue” when the users make in-game purchases of the virtual currencies or virtual items within the games operated by the Company and the in-game purchases are no longer refundable.</blockquote><p>Garena also licenses games from other game developers. Revenue is generated based on revenue-sharing/royalty agreements with these developers. Revenue is recognized over the performance obligation period.</p><blockquote>Such delivery obligation period is determined in accordance with the estimated average lifespan of the virtual goods sold or estimated average lifespan of the paying users of the said games or similar games.</blockquote><p><b>E-commerce</b></p><p>Shopee generates revenue through a marketplace model. Sellers on the platform pay Shopee based on paid advertisement services, transaction-based fees, logistics services, and other value-added services.</p><p>Shopee also generates revenue from goods sold directly by Shopee, which the company purchases in bulk from manufacturers or third-party suppliers.</p><p><b>Digital Financial Services</b></p><p>SeaMoney revenue consists of:</p><ul><li>Interest and fees from loans granted to commercial customers</li><li>Interest and fees from Sea&#39;s consumer credit business such as SPayLater</li><li>Commissions charged to merchants when a customer pays using SeaMoney&#39;s mobile wallet</li></ul><p><b>Income Statement</b></p><p>Let&#39;s analyze each of the business segments and then look at the entire Group as a whole.</p><p><b>Digital Entertainment</b></p><p>Garena Revenue saw a 104% increase YoY in Q4. For the full year, Garena Revenue was up 114% YoY.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/998dfbcf3f3dba11b8f8722710c36ba4\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The rapid increase in Revenue was primarily due to recognition of accumulated deferred revenue from previous quarters. Bookings—which is essentially GAAP Revenue plus the change in digital entertainment deferred revenue —actually dropped for the first time QoQ and it is now lower than Revenue. This means that gamers are spending less on in-virtual items which will lead to lower Revenue recognized in subsequent quarters. As you can see, Bookings is in a massive deceleration.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e06de5e6066b66cd5596a445cd912c98\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The drop in Bookings was due to fewer gamers in the platform as the economy reopens and people spend more time outdoors, at school, or in the office. Quarterly Active Users, or QAUs, grew only 7% in Q4 to 652 million, compared to Q3&#39;s QAUs of 729 million.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c5bdd570a9eb859a9fef8569c9fad10a\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>As a result, Quarterly Paying Users, or QPUs, decelerated as well, which led to lower Bookings. Q4 QPUs was 77 million compared to Q3&#39;s 93 million.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/092c4a2f47b9336f2753b4548707b39f\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The markets reacted negatively to this slowdown in Garena growth as the gaming business acts as the lifeline for Sea&#39;s two other segments. As you can see, Garena is a high-margin business, producing Adjusted EBITDA of $2.7 billion in FY2021. Operating Margin is very high at 61% in Q4. AEBITDA margin, on the other hand, is trending downwards as QoQ adds in Bookings wither.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f28c9f35ee55afb5c7d170a80d26ebf2\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>As such, the slowdown in growth for Garena is scaring investors away as it may not provide sufficient cash flow to fund the continued growth of Shopee and SeaMoney.</p><p><b>E-Commerce</b></p><p>Shopee GMV continues its upward march as e-commerce continues to gain traction in Shopee&#39;s existing and newer markets. However, we&#39;re also seeing a deceleration in growth due to tough YoY comps. GMV in FY2021 was $62.5 billion, an increase of 77%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4f657f7cacc9e00bc57df0e913fdb9ae\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>GMV growth was also due to an increase in Orders in the Shopee platform, which totaled 6.1 billion in FY2021, an increase of 117%. Average Order Value, or AOV, however, is trending downwards. This may be perceived negatively as processing more lower-AOV orders meant higher logistical expenses and thus lower margins per order.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5fbc7f044de03ec379f262a5bfcdf331\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The increase in GMV translated to higher Shopee Revenue, which grew faster than GMV. Shopee Revenue grew 136% to $5.1 billion in FY2021, as compared to GMV growth of 77%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/27710dc2140a6d139900819f51bd688a\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The faster growth in Revenue was due to Shopee&#39;s increasing take rate, which displays Shopee&#39;s ability to monetize its marketplace platform. This is one of the only few positive developments coming out of the most recent earnings update.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e4267bc5d33a2153e8624f73ed71540\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Despite the improving Revenue and take rate, Shopee is still suffering huge losses and it is mounting with each subsequent quarter, primarily due to the company expanding into new markets. FY2021 Shopee AEBITDA was $(2.6) billion at a -50% margin. Recall that Garena AEBITDA was $2.7 billion.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d9d27cef61bc9a9058233f7eccc5eaa1\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>AEBITDA per Order has been improving, although it flat-lined in the last few quarters. Again, this is due to the company aggressively expanding into new markets. For example, in Q4, Shopee Brazil recorded 140+ million gross orders with a $70+ million Revenue, up 400% and 326%, respectively. However, AEBITDA per Order in Brazil is still negative at $(2) per Order, despite being a 40% improvement from last year. As such, it is still a far cry from the overall AEBITDA per Order of $(0.45).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c0d6aa930a81ea4fc153b7134dbf9d3\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>On the bright side, in Southeast Asia and Taiwan, Q4 AEBITDA per Order before &#34;allocation of the headquarters’ common expenses&#34; was $(0.15), an improvement from last year&#39;s $(0.21). This shows that there is certainly hope for Shopee to be AEBITDA positive soon, which management has pointed out during the Q4 earnings call:</p><blockquote>We currently expect Shopee to achieve positive adjusted EBITDA before HQ cost allocation in Southeast Asia and Taiwan by this year. We also expect SeaMoney to achieve positive cash flow by next year. As a result, we currently expect that by 2025 cash generated by Shopee and SeaMoney proactively will enable these two businesses to substantially self-fund their own long-term growth.</blockquote><p><b>Digital Financial Services</b></p><p>SeaMoney&#39;s Mobile Wallet Total Payment Volume grew 120% YoY to $17.2 billion in FY2021 due to the increasing adoption of mobile wallets in the region.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4fa5ef6efa513d9040963fda42b4b9f2\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The growth in TPV was largely driven by the growth in QAUs. As shown below, the total ending QAUs in Q4 grew 90% YoY to 45.8 million users.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9397aec066366f40ec92c24187347a44\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The real exciting part is that Revenue grew much faster than TPV and QAUs. SeaMoney Revenue is growing at a blistering pace, locking in high triple-digit growth rates over the last few years. FY2021 SeaMoney Revenue was $470 million, which is an increase of 673% from the previous year. This is due to take rates increasing from less than 1% in FY2020 to almost 4% by the end of the latest quarter.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dcaf6046cf3c27e00b233a8428eb2d75\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Furthermore, in Indonesia, over 20% of the QAUs have used more than one SeaMoney product or service, which includes credit services, digital banking, and insurance. As SeaMoney introduces more offerings, revenue should accelerate meaningfully as average revenue per user increases when people use additional products.</p><p>As SeaMoney continues to gain scale, the segment will enjoy better unit economics. As shown below, while SeaMoney&#39;s AEBITDA is still in deeply negative territories, AEBITDA Margins has continued to trend towards profitability. Management also expects SeaMoney to be cash flow positive by next year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51f0d5a1800fef748694417e8cb8fc9f\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>This is the segment that investors should pay special attention to, given that it has the potential to be Sea&#39;s second cash cow. For example, PayPal has Operating Margins of 20%+, which could be SeaMoney&#39;s long-term margin profile.</p><p><b>Group</b></p><p>With that said, let&#39;s take a look at how the business is doing as a whole.</p><p>FY2021 Revenue was $10.0 billion, an increase of 128% YoY. Due to the law of large numbers and tough YoY comps, Revenue growth should decelerate from here.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/38de60bd773f3ef7afc4b2e28aa1c08f\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Here, we can see how Revenue is distributed across the different segments.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a86e59478db8a3a4fdc85897f24410e9\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>What&#39;s encouraging is that Gross Profit Margins continue to trend upwards as the company gains economies of scale, even accounting for Shopee&#39;s aggressive expansion into new markets. FY2021 Gross Profit was $3.9 billion, up 189% YoY.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dd978ba4047cc6e20ac6086ba8420a8f\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Operating Expenses, however, remain elevated as management forgoes short-term profitability for long-term market dominance. FY2021 Total Operating Expenses were $5.5 billion. Below shows the different components of Operating Expenses as a percentage of Revenue.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fbdbde2c2ae744f36f8168ed32f94d62\" tg-width=\"640\" tg-height=\"419\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Most of the Operating Expenses were used for Sales &amp; Marketing purposes. Unsurprisingly, Shopee had the highest S&amp;M burn rate. Discounts, cashback, celebrity promotions... they&#39;re everywhere.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5253f186120da17c4cd901e5c442bd1e\" tg-width=\"640\" tg-height=\"419\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>As a result, Operating Profit Margins is still negative, although it is trending in the right direction.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a27b7833551107397c44acefc5ad2475\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>AEBITDA, on the other hand, is plunging. This is due to Garena&#39;s falling Bookings and Shoppe&#39;s widening losses. AEBITDA for FY2021 was $(594) million, compared to FY2020 positive AEBITDA of $107 million. This is probably the most concerning figure for investors as such a high cash burn rate is unsustainable, which may also lead to additional capital raises that are dilutive to shareholders.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d89fb95f74e23e85f8932870c0190bee\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The guidance did not help either. Garena Bookings is expected to fall to just $3 billion, which is $1.3 billion lower than FY2021&#39;s number. Management blamed the reopening of the economy as well as the ban of Free Fire in India for the expected drop in Bookings. Assuming a modest 50% AEBITDA margin, Garena would bring in just $1.5 billion of AEBITDA for Sea in FY2022.</p><p>On the other side, the other two segments are expected to continue with their immense pace of growth — Shopee and SeaMoney are expected to grow by 76% and 155%, respectively. If we assume a (50)% AEBITDA margin for both segments, Shopee and SeaMoney is expected to burn a total of about $(5.1) billion of AEBITDA. Adding Garena&#39;s estimated AEBITDA of $1.5 billion, Sea, as a Group, is expected to burn $(3.6) billion in FY2021.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ae5e9399a838e5f841dcccaffbe673d8\" tg-width=\"640\" tg-height=\"357\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited FY2021 Q4 Investor Presentation</span></p><p>Because Garena is such an important piece of Shopee&#39;s and SeaMoney&#39;s growth story, a deceleration in Garena&#39;s business had investors reacting so negatively to Sea&#39;s latest earnings release, as now, the gaming business is incapable of covering the massive losses incurred by the other two business segments.</p><p><b>Balance Sheet</b></p><p>Sea&#39;s balance sheet position as of year-end FY2021 is at about $10.2 billion of Cash and Short Term Investments. While this may show that Sea has a substantial cushion against its short-term cash burn rate, its net cash position paints a different picture.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dc30ee494abc2eda3b75434b96e4a66b\" tg-width=\"640\" tg-height=\"357\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited FY2021 Q4 Investor Presentation</span></p><p>Adjusting for Sea&#39;s debt, Sea ended the year with a net cash position of around $5.9 billion. A substantial amount of its total debt comes from its recent issuance of 0.25% Convertible Senior Notes due 2026. The notes were issued when the stock was trading at $318 per share back in September and the initial conversion price is set at $477 per share. So, yes... conversion in the next 2 to 3 years is very unlikely.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8d3d0030e6518cc4198245f624cc75e1\" tg-width=\"640\" tg-height=\"437\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>With net cash of $5.9 billion and $(3.6) billion of estimated AEBITDA in FY2022, it won&#39;t be long before Sea requires another cash infusion. Therefore, if the high cash burn rate persists for the next 2 to 3 years, investors face a major risk of increasing financial leverage and/or dilution in the form of equity raises.</p><p><b>Cash Flow Statement</b></p><p>Here is what cash flow looks like over the last few quarters. Notice how Operating Cash Flow turned negative in the last quarter. Most of the cash also comes from Financing activities.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a0aba061277a1410bb9f3dc176ea0115\" tg-width=\"640\" tg-height=\"263\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Unlike other high-flying growth companies, Sea&#39;s Share-Based Compensation expenses are relatively low.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/81fa229682c8880d6edd35535ef6a747\" tg-width=\"640\" tg-height=\"419\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p><b>Competitive Moats</b></p><p>Based on my research and analysis, I identified three key competitive moats for Sea: brand, network effects, and barriers to entry. I used to think that Sea has cost advantages but as Garena becomes a smaller part of the overall business, and as losses continue to worsen, I have reason to believe that Sea no longer holds that moat.</p><p><b>Brand</b></p><p>As discussed in previous sections, Garena&#39;s games, particularly Free Fire, have consistently ranked as the most downloaded mobile game in the world. Additionally, the Shopee app has gained cross-border stardom and is now regarded as the most downloaded or fastest-trending shopping App in the countries it operates in. Lastly, SeaMoney is also gaining traction with banking licenses granted in various countries that should increase brand value and trust.</p><p><b>Network Effects</b></p><p>The sheer amount of app downloads leads to powerful network effects. Garena has 652 million QAUs, which is about 8% of the world&#39;s population. Shopee recorded 200+ million app downloads in FY2021 alone. SeaMoney QAUs topped 45.8 million in Q4 and it is still in the early stages of adoption.</p><p>With all these users in the Sea platform, cross-selling new products or services should be easier as Sea continues to scale. One such example is Shopee Brazil and Free Fire where each platform is encouraging consumers to use the other. As Sea continues to innovate and offer better experiences for its customers, the ecosystem gets bigger and tighter, leading to powerful network effects.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c641ac08707cc868b9e6004e2deaf950\" tg-width=\"1200\" tg-height=\"600\" referrerpolicy=\"no-referrer\"/><span>Source: Shopee Brazil</span></p><p><b>Barriers To Entry</b></p><p>I believe each of Sea&#39;s core businesses is operating in a winner-takes-most environment with high barriers to entry.</p><p>The mobile gaming environment requires the most talented developers to launch blockbuster games. Garena&#39;s Free Fire is certainly a blockbuster game and time in Free Fire&#39;s game means time away from other mobile games.</p><p>Just like how Amazon (AMZN) dominates in the US, the e-commerce landscape in Southeast Asia and Latin America is dominated by a few players, such as Shopee, Tokopedia, and <a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a> (MELI). The scale and unit economics that these players have achieved makes it unsustainable for new entrants to compete with them.</p><p>Banking and fintech is also a highly-regulated environment. Furthermore, consumers prefer to have just one mobile wallet, such as ShopeePay, as opposed to owning several different fintech applications.</p><p><b>Valuation</b></p><p>Based on my sum-of-the-parts and comparable company valuation analysis, Sea looks to be slightly undervalued with 19% upside potential. Of course, comparables are not perfect but based on this, we can gauge where Sea stands among peers.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f2400cd917e5f6ce8c47ef74a8062093\" tg-width=\"640\" tg-height=\"353\" referrerpolicy=\"no-referrer\"/><span>Source: Author&#39;s Analysis</span></p><p>On the flip side, Sea looks extremely cheap on a historical basis. In terms of EV/Sales, Sea is trading at the lowest valuation since its IPO, trading at just 4.2x forward sales.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bed1fd805a89523bbb8fa982bee40079\" tg-width=\"640\" tg-height=\"427\" referrerpolicy=\"no-referrer\"/><span>Source: Koyfin</span></p><p>In terms of EV/Gross Profit, Sea is trading even cheaper than its March 2020 lows.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fdf589a808c84131e9c36aa7b65a5129\" tg-width=\"640\" tg-height=\"427\" referrerpolicy=\"no-referrer\"/><span>Source: Koyfin</span></p><p>The valuation compression is warranted given that the company flew too close to the sun and now it is cratering back to the sea — not just for Sea, but almost all growth stocks took a beating. Growth is also slowing down and the macroeconomic environment looks gloomier than ever. However, this is not the end of the world; I think the markets are overreacting. Diversion from the mean goes both ways — perhaps, current prices present a good margin of safety for long-term investors.</p><p><b>Catalysts</b></p><ul><li><b>Successful International Expansion</b> — Shopee has been successful in replicating its playbook from Southeast Asia to Brazil. Recently, Shopee launched operations in India, Mexico, Chile, Colombia, Argentina, Poland, and Spain. If Shopee can take substantial market share in these new regions, Shopee&#39;s growth could turn exponential.</li><li><b>The Metaverse</b> — Sea&#39;s withering gaming division needs to be revitalized. New games and features could definitely provide the boost that it needs. For example, the metaverse is an exciting opportunity and Garena could introduce this concept to its 600+ million QAUs. Sea AI Lab (SAIL) and Sea Capital are two ventures that could accelerate the company into emerging industries, including the metaverse.</li></ul><blockquote>We will continue to encourage user-generated content by enhancing greater features and accessibility. We believe that a strong user reception to Craftland is a positive indicator of the initial success to encourage user participation in content creation and to build Free Fire into an increasingly open platform and is well aligned with major emerging industry trends such as metaverse.</blockquote><ul><li><b>Regional SuperApp</b> — Although this concept has yet to be discussed by management, launching a regional SuperApp could enhance user engagement to new levels. For example, imagine Shopee users being able to play games, shop, order food delivery, pay for services, transfer money, invest, all under one app. Imagine users being able to convert their deposited funds in ShopeePay, into ShopeeCoins, and use it to perform cross-border transactions.</li><li><b>Continued Growth In SeaMoney</b> — SeaMoney is still in its early stages and continued adoption of Sea&#39;s digital financial services offerings will be a strong addition to Sea&#39;s bull thesis. SPayLater has real potential to disrupt the consumer credit industry. SeaBank and ShopeePay have the opportunity to capture digital wallet, digital banking, and cashless society trends.</li><li><b>Free Fire India Ban Lift</b>— Garena&#39;s weak guidance factored in the headwinds coming from the ban in India. If the ban is lifted, the stock may react positively as much of Sea&#39;s cash burn problems may be eliminated.</li></ul><p><b>Risks</b></p><ul><li><b>The Pressure to Launch Blockbuster Games</b>— There will come a time when Free Fire will be dethroned as the most-played and most-downloaded game. That is just how the gaming business works. This puts a substantial risk on the cash flow generation potential of Garena. Launching blockbuster games is never easy and it requires many trials and errors along the way. For me, I would like to see Garena shift to a gaming franchise model where the company launches an updated version of an existing game every year or two, which presents a more stable and recurring revenue stream for the company. An example would be FIFA or Call of Duty.</li><li><b>Shopee India Ban</b> — With Free Fire banned in India, there&#39;s also the potential for Shoppe to be banned as well.</li><li><b>Failure to Gain Traction in International Markets</b>— Shopee pulled out of France in early March, an indication that Shoppe&#39;s business model is not replicable in other countries, especially in more developed regions. Shopee Poland and Spain may be next on the exit list as they hold a close resemblance to France.</li><li><b>Geopolitical Risks</b>— Tencent, a Chinese company, has an 18.7% equity stake in Sea. Sanctions, bans, and other restrictions on Chinese companies, given the current geopolitical environment, could spell trouble for Sea. Tencent may have to cut exposure on Sea or even dissolve its developing-publishing partnership with Garena.</li><li><b>Local Competition</b>— Local champions operating in their respective markets cannot be ignored. These include GoTo in Indonesia, MercadoLibre in Latin America, and Flipkart in India.</li></ul><p>In addition, there&#39;s a certain level of pride for consumers to see their native-born companies succeed. I&#39;m Indonesian, and it makes me really happy to see GoTo grow and grow.</p><p>GoTo, the holding company of both Indonesian tech darlings Gojek and Tokopedia, recently announced its plan to IPO in the Indonesia Stock Exchange. Here&#39;s a glance of GoTo&#39;s stats for the 12-months ended 30 September 2021:</p><ul><li>Valuation: $26.2 billion to $28.8 billion</li><li>GMV: $28.8 billion</li><li>Revenue: $1 billion</li><li>Gross Orders: 2 billion</li><li>Annual Transacting Users: 55 million</li><li>Driver Partners: 2.5 million</li><li>Merchants: 14 million</li></ul><p>The point is that there are big-time local players operating in Sea&#39;s markets that investors should never ignore. Here&#39;s a little snippet from my previous Shopee article:</p><blockquote>But with the GoTo merger, Indonesia could potentially extinguish the orange flame that charred its forest for many years. Now, GoTo could finally reclaim a good chunk of its territory that was lost to waves of competition, especially from Shopee. GoTo could finally gain more ground as the roots grew even stronger with the merger, fertilized with the synergies of value propositions, logistics, payments, and banking solutions.</blockquote><blockquote>Meanwhile, Sea Limited&#39;s stock continues to soar, ignoring the titan of an elephant in the room. And because of GoTo&#39;s integration, Shopee&#39;s vertically-integrated business model doesn&#39;t look like a strong competitive advantage anymore.</blockquote><p><b>Conclusion</b></p><p>Each of Sea&#39;s core businesses is in hypergrowth mode, propelled by megatrends in the mobile gaming, e-commerce, and fintech industry. Management understands these opportunities and therefore, is sacrificing short-term profitability for long-term market dominance. Despite being a larger business, Sea still has a massive growth runway ahead.</p><p>That is not to say that unprofitability and competition risks can and should be ignored. The biggest concern for investors is the company&#39;s unsustainable cash burn rate, which will likely lead to further capital raises in the near future.</p><p>Nonetheless, the long-term growth thesis for the three-headed monster remains intact. Strong brand, network effects, and barriers to entry moats should support the business going forward. In addition, shares of Sea are trading at the lowest valuation multiples ever, which presents a good margin of safety for an entry at these prices.</p><p>Thank you for reading my Sea Limited deep dive. If you enjoyed the article, please let me know in the comment section down below. If you have any suggestions or feedback, don&#39;t hesitate to share your thoughts as well.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Limited: The Three-Headed Monster</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Limited: The Three-Headed Monster\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-19 09:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4496480-sea-limited-the-three-headed-monster><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryGarena, Sea’s only profitable segment, serves as a lifeline for its other two segments, but Bookings are expected to fall sharply in FY2022.In addition, Shopee's losses are widening. However, ...</p>\n\n<a href=\"https://seekingalpha.com/article/4496480-sea-limited-the-three-headed-monster\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4496480-sea-limited-the-three-headed-monster","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2220777059","content_text":"SummaryGarena, Sea’s only profitable segment, serves as a lifeline for its other two segments, but Bookings are expected to fall sharply in FY2022.In addition, Shopee's losses are widening. However, the e-commerce segment is expected to be self-funded by 2025. This is achievable as take rates are trending in the right direction.SeaMoney is also gaining traction at an unprecedented pace, a monster lurking in the shadows. Investors should pay attention as this segment could serve as Sea's second cash cow.With a net cash position of $5.9 billion and $(3.6) billion of estimated AEBITDA in FY2022, it won't be long before Sea requires another cash infusion.Despite unprofitability risks, Sea has a strong brand, network effects, and barriers to entry moats. The stock is trading at the lowest multiple ever - it is worth a nibble at these prices.undefined undefined/iStock via Getty ImagesI've been following Sea Limited ADR (NYSE:SE) for quite some time now and the stock got me interested again given the recent 75% selloff. Today, I'm doing a deep dive on the three-headed monster (and each of its heads) to see if the company is a good investment opportunity at these levels. Let's get started!Investment ThesisSea is at the forefront of the internet revolution in developing regions. This had many investors buying into the growth story of the company, sending shares soaring high into the sun for the better part of 2020 and 2021. However, the stock has cratered back to sea amid concerns about the company's slowing growth, especially for its only cash cow, Garena. To make matters worse, Shopee's losses are also getting worse.The Group's cash burn rate is still high, estimated to be $(3.6) billion in FY2022. With a net cash position of $5.9 billion, future capital raises are very likely.On the bright side, Sea still has a long growth runway ahead, solidified by its leadership positions in Southeast Asia and Latin America. SeaMoney, although still unprofitable, could also emerge as Sea's second cash cow.Despite unprofitability and competitive risks, Sea has strong competitive moats and it is trading at the cheapest valuation multiples since its IPO.The three-headed monster is a Buy at these levels.Value PropositionFounded in Singapore in 2009, Sea has grown to become the leading consumer internet company in the world, with a substantial presence in the Southeast Asian region.Mission: To better the lives of consumers and small businesses with technology.Sea is a holding company for three core businesses: Garena, Shopee, and SeaMoney. Sea's main value proposition is providing a vertically-integrated experience through its different core businesses.GarenaIts digital entertainment division, Garena, was Sea's first business venture. In fact, Sea was originally named Garena Interactive Holding Limited before changing its name to Sea Limited in 2017.Garena is one of the largest online games developers and publishers, releasing some of the most successful mobile and PC games over the last decade. For example, Garena's Free Fire, its self-developed mobile battle royale game, topped the global download charts for the last three years. According to data.ai, Free Fire also ranked second globally by average monthly active users on Google Play in 2021. In Southeast Asia and Latin America, Free Fire was the highest-grossing mobile game for ten consecutive quarters, and in the US for four consecutive quarters. Based on Sensor Tower's findings, Free Fire still holds the most downloads globally as of January 2022.Source: SensorTowerGarena also exclusively licenses and publishes games from global partners and third-party developers. Some of these partners include Tencent (OTCPK:TCEHY), Activision (ATVI), and Arumgames. Games like Speed Drifters, Arena of Valor, and Fantasy Town fall into this category as they are co-developed with partners or licensed from partners.In addition, Garena organizes some of the largest e-sports events from local tournaments to professional competitions at a global level. Moreover, Garena offers other entertainment content such as live-streaming, user chat, and online forums.ShopeePerhaps the most exciting business segment is Sea's mobile-centric e-commerce platform, Shopee. Launched in 2015, Shopee is now one of the fastest-growing e-commerce marketplaces with a strong presence in Southeast Asia, as well as growing recognition in Latin America and some European countries.Source: ShopeeThrough the Shopee platform, buyers can purchase items from sellers which are primarily small and medium businesses (or mom-and-pop stores). At the same time, larger, more established retailers like Xiaomi (OTCPK:XIACF), Microsoft (MSFT), or Samsung (OTC:SSNLF) can leverage Shopee's two premium shopping platforms, Shopee Mall and Shopee Premium.Along with Shopee's e-commerce marketplace, Shopee also offers adjacent products and services for both buyers and sellers:Service by Shopee - Value-added services for sellers such as integrated payment, logistics, fulfillment, seller support, inventory management, and online store operations.BuyerProtection - Consumer protection policies and procedures including seller verification, product listing screening, and dispute resolution. In addition, Shopee Guarantee reduces settlement risks by holding customers' funds in a separate account until delivery is complete, where funds will be released to buyers.Integrated Logistics Services- Shopee partners with various local and regional third-party logistics service providers to provide a seamless last-mile delivery experience for both buyers and sellers. Shopee also has its own delivery service called Shopee Xpress.Social Features - Shopee also offers other social and gamification features, including Shopee Coins (virtual currency), Shopee Live (livestream), Shopee Games (in-app games), and Shopee Feed (similar to Instagram).On-demand Services- Shopee also recently launched on-demand services such as ShopeeFood, instant delivery, and groceries, competing directly with Grab (GRAB), Gojek, and Uber (UBER).Shopee's scale is unmatched and it is still growing at an unprecedented pace. According to data.ai, Shopee in Southeast Asia and Taiwan ranked first in average monthly active users and total time spent in the app in 2021. Shopee Indonesia, arguably Shopee's most important market, ranked first in the Shopping category. Shopee Brazil, which launched in October 2019, was also ranked first in the Shopping category. And globally, Shopee ranked first in the Shopping category, and is the #13 most downloaded app regardless of category, logging in 200+ million downloads in 2021.Source: SensorTowerSeaMoneySeaMoney was launched in 2014 and is now one of the leading digital financial services providers in Sea's operating countries. SeaMoney offers mobile wallet services, payment processing, credit, and other digital financial services. These services are offered under SeaMoney's various brands including AirPay, ShopeePay, SPayLater, and other local brands depending on the country. SeaMoney was initially launched in Vietnam and Thailand but has since expanded to other regions.Through SeaMoney's mobile wallet offerings, consumers and merchants have added flexibility in terms of payment options, whether through online or offline means. The launch of SPayLater, which is basically a \"buy now pay later\" payment option, enables consumers to purchase items without accessing credit. For those who are interested, I've written a deep dive on Affirm (AFRM) where I discuss the main value propositions that BNPL provides.SeaMoney has obtained bank licenses and government approvals to provide financial services in various countries. For example, Sea acquired Bank Kesejahteraan Ekonomi in Indonesia back in early 2021 as a push towards offering a digital banking solution. The company is now rebranded to SeaBank, which currently offers a high-yield savings account and virtual account.Source: SeaBank WebsiteSeaMoney's main value proposition lies in offering a mobile wallet and payment solutions that are integrated with Sea's other businesses, namely Garena and Shopee, enabling consumers and merchants to transact seamlessly in one vertically-integrated platform.Market OpportunitySea's market opportunity is predicated around the industry outlook of each of its business segments: mobile gaming, e-commerce, and fintech. Let's take a look at each industry that Sea operates in.First, we have the mobile gaming industry. According to data.ai, Mobile Game Consumer Spend grew from $74 billion in 2018 to $116 billion in 2021, while Mobile Game Downloads grew from 63 billion in 2018 to 83 billion in 2021. Among the Top Genres by Downloads were Hypercasual games such as Hair Challenge and Water Sort Puzzle. However, the Top Genres by Consumer Spend belong to the Strategy, RPG, and Shooting categories where Garena specializes in. For example, Free Fire was the top Shooting game by revenue in Thailand, Brazil, Mexico, and the US, in 2021. Globally, however, it is still behind PUBG Mobile, which generates the bulk of its revenue from China.Source: SensorTowerAccording to Adjust, the mobile gaming industry is expected to reach $272 billion by 2030, which is about 1.5x of 2021's total figure. Given Garena's successes in monetizing its games, Garena should continue to enjoy gaming tailwinds in the foreseeable future, provided that its games remain in trend. This is also supported by Unity's findings that the APAC region is the fastest-growing regional market, a market that Garena dominates in.Moving on to e-commerce, we all know that e-commerce is growing rapidly and that its market share as a whole will continue to trend up from here. This is especially true for the Southeast Asian region where internet and smartphone adoption continues to increase by the day. Based on the e-Conomy SEA report, Southeast Asia now has 440 million internet users, up from 360 million in 2019. Its total population is about 589 million.Internet Gross Merchandise Value, or GMV, for the region was $170 billion in 2021 and is expected to reach $360 billion by 2025 with e-commerce leading the charge. The shift to e-commerce is not only happening on the consumer side but also on the merchant side. Digital marketing tools, analytical tools, and digital payment solutions have accelerated business for merchants. Shopee's vertically-integrated platform also makes it easy for merchants in these developing countries to set up shop, distribute goods, and accept payments in a single platform.Source: e-Conomy SEA 2021Furthermore, Sea has recently expanded its e-commerce operations to other regions such as Latin America and Europe, which further expands its market opportunity.Lastly, we have the fintech industry pertaining to SeaMoney. In my PayPal (PYPL) deep dive, I discussed the growth of mobile wallets as a payment method in both online and offline transactions. The shift to a cashless and cardless society is inevitable and that is also true for Sea's markets.Source: Ark Invest Big Ideas 2022As you can see below, mobile wallets continue to gain traction in Southeast Asia. In addition, 92% of digital merchants intend to maintain usage or increase usage of digital payments in the next 1 to 2 years. ShopeePay and SeaMoney's other brands will benefit from this trend. Also of important note, SeaMoney's expansion to buy now pay later with SPayLater will be a key GMV and revenue driver for the segment. These are the reasons why some investors are so bullish on SeaMoney and why SeaMoney is a monster lurking in the shadows.Source: e-Conomy SEA 2021As you can see, Sea is at the forefront of three megatrends which should propel the business forward from here. Also, combining the different verticals in the same platform would present a significant synergistic opportunity as Sea establishes itself as a SuperApp in the making.Revenue ModelAs mentioned previously, Sea operates three main business segments.Digital EntertainmentGarena operates a freemium model whereby users can download and play games for free. The company generates revenue by selling in-game virtual items such as clothing, weaponry, or equipment.Investors should take note of how revenue is recognized for this segment. According to Sea's 10-K:Proceeds from these sales are initially recognized as “Advances from customers” and subsequently reclassified to “Deferred revenue” when the users make in-game purchases of the virtual currencies or virtual items within the games operated by the Company and the in-game purchases are no longer refundable.Garena also licenses games from other game developers. Revenue is generated based on revenue-sharing/royalty agreements with these developers. Revenue is recognized over the performance obligation period.Such delivery obligation period is determined in accordance with the estimated average lifespan of the virtual goods sold or estimated average lifespan of the paying users of the said games or similar games.E-commerceShopee generates revenue through a marketplace model. Sellers on the platform pay Shopee based on paid advertisement services, transaction-based fees, logistics services, and other value-added services.Shopee also generates revenue from goods sold directly by Shopee, which the company purchases in bulk from manufacturers or third-party suppliers.Digital Financial ServicesSeaMoney revenue consists of:Interest and fees from loans granted to commercial customersInterest and fees from Sea's consumer credit business such as SPayLaterCommissions charged to merchants when a customer pays using SeaMoney's mobile walletIncome StatementLet's analyze each of the business segments and then look at the entire Group as a whole.Digital EntertainmentGarena Revenue saw a 104% increase YoY in Q4. For the full year, Garena Revenue was up 114% YoY.Source: Sea Limited Investor Relations and Author's AnalysisThe rapid increase in Revenue was primarily due to recognition of accumulated deferred revenue from previous quarters. Bookings—which is essentially GAAP Revenue plus the change in digital entertainment deferred revenue —actually dropped for the first time QoQ and it is now lower than Revenue. This means that gamers are spending less on in-virtual items which will lead to lower Revenue recognized in subsequent quarters. As you can see, Bookings is in a massive deceleration.Source: Sea Limited Investor Relations and Author's AnalysisThe drop in Bookings was due to fewer gamers in the platform as the economy reopens and people spend more time outdoors, at school, or in the office. Quarterly Active Users, or QAUs, grew only 7% in Q4 to 652 million, compared to Q3's QAUs of 729 million.Source: Sea Limited Investor Relations and Author's AnalysisAs a result, Quarterly Paying Users, or QPUs, decelerated as well, which led to lower Bookings. Q4 QPUs was 77 million compared to Q3's 93 million.Source: Sea Limited Investor Relations and Author's AnalysisThe markets reacted negatively to this slowdown in Garena growth as the gaming business acts as the lifeline for Sea's two other segments. As you can see, Garena is a high-margin business, producing Adjusted EBITDA of $2.7 billion in FY2021. Operating Margin is very high at 61% in Q4. AEBITDA margin, on the other hand, is trending downwards as QoQ adds in Bookings wither.Source: Sea Limited Investor Relations and Author's AnalysisAs such, the slowdown in growth for Garena is scaring investors away as it may not provide sufficient cash flow to fund the continued growth of Shopee and SeaMoney.E-CommerceShopee GMV continues its upward march as e-commerce continues to gain traction in Shopee's existing and newer markets. However, we're also seeing a deceleration in growth due to tough YoY comps. GMV in FY2021 was $62.5 billion, an increase of 77%.Source: Sea Limited Investor Relations and Author's AnalysisGMV growth was also due to an increase in Orders in the Shopee platform, which totaled 6.1 billion in FY2021, an increase of 117%. Average Order Value, or AOV, however, is trending downwards. This may be perceived negatively as processing more lower-AOV orders meant higher logistical expenses and thus lower margins per order.Source: Sea Limited Investor Relations and Author's AnalysisThe increase in GMV translated to higher Shopee Revenue, which grew faster than GMV. Shopee Revenue grew 136% to $5.1 billion in FY2021, as compared to GMV growth of 77%.Source: Sea Limited Investor Relations and Author's AnalysisThe faster growth in Revenue was due to Shopee's increasing take rate, which displays Shopee's ability to monetize its marketplace platform. This is one of the only few positive developments coming out of the most recent earnings update.Source: Sea Limited Investor Relations and Author's AnalysisDespite the improving Revenue and take rate, Shopee is still suffering huge losses and it is mounting with each subsequent quarter, primarily due to the company expanding into new markets. FY2021 Shopee AEBITDA was $(2.6) billion at a -50% margin. Recall that Garena AEBITDA was $2.7 billion.Source: Sea Limited Investor Relations and Author's AnalysisAEBITDA per Order has been improving, although it flat-lined in the last few quarters. Again, this is due to the company aggressively expanding into new markets. For example, in Q4, Shopee Brazil recorded 140+ million gross orders with a $70+ million Revenue, up 400% and 326%, respectively. However, AEBITDA per Order in Brazil is still negative at $(2) per Order, despite being a 40% improvement from last year. As such, it is still a far cry from the overall AEBITDA per Order of $(0.45).Source: Sea Limited Investor Relations and Author's AnalysisOn the bright side, in Southeast Asia and Taiwan, Q4 AEBITDA per Order before \"allocation of the headquarters’ common expenses\" was $(0.15), an improvement from last year's $(0.21). This shows that there is certainly hope for Shopee to be AEBITDA positive soon, which management has pointed out during the Q4 earnings call:We currently expect Shopee to achieve positive adjusted EBITDA before HQ cost allocation in Southeast Asia and Taiwan by this year. We also expect SeaMoney to achieve positive cash flow by next year. As a result, we currently expect that by 2025 cash generated by Shopee and SeaMoney proactively will enable these two businesses to substantially self-fund their own long-term growth.Digital Financial ServicesSeaMoney's Mobile Wallet Total Payment Volume grew 120% YoY to $17.2 billion in FY2021 due to the increasing adoption of mobile wallets in the region.Source: Sea Limited Investor Relations and Author's AnalysisThe growth in TPV was largely driven by the growth in QAUs. As shown below, the total ending QAUs in Q4 grew 90% YoY to 45.8 million users.Source: Sea Limited Investor Relations and Author's AnalysisThe real exciting part is that Revenue grew much faster than TPV and QAUs. SeaMoney Revenue is growing at a blistering pace, locking in high triple-digit growth rates over the last few years. FY2021 SeaMoney Revenue was $470 million, which is an increase of 673% from the previous year. This is due to take rates increasing from less than 1% in FY2020 to almost 4% by the end of the latest quarter.Source: Sea Limited Investor Relations and Author's AnalysisFurthermore, in Indonesia, over 20% of the QAUs have used more than one SeaMoney product or service, which includes credit services, digital banking, and insurance. As SeaMoney introduces more offerings, revenue should accelerate meaningfully as average revenue per user increases when people use additional products.As SeaMoney continues to gain scale, the segment will enjoy better unit economics. As shown below, while SeaMoney's AEBITDA is still in deeply negative territories, AEBITDA Margins has continued to trend towards profitability. Management also expects SeaMoney to be cash flow positive by next year.Source: Sea Limited Investor Relations and Author's AnalysisThis is the segment that investors should pay special attention to, given that it has the potential to be Sea's second cash cow. For example, PayPal has Operating Margins of 20%+, which could be SeaMoney's long-term margin profile.GroupWith that said, let's take a look at how the business is doing as a whole.FY2021 Revenue was $10.0 billion, an increase of 128% YoY. Due to the law of large numbers and tough YoY comps, Revenue growth should decelerate from here.Source: Sea Limited Investor Relations and Author's AnalysisHere, we can see how Revenue is distributed across the different segments.Source: Sea Limited Investor Relations and Author's AnalysisWhat's encouraging is that Gross Profit Margins continue to trend upwards as the company gains economies of scale, even accounting for Shopee's aggressive expansion into new markets. FY2021 Gross Profit was $3.9 billion, up 189% YoY.Source: Sea Limited Investor Relations and Author's AnalysisOperating Expenses, however, remain elevated as management forgoes short-term profitability for long-term market dominance. FY2021 Total Operating Expenses were $5.5 billion. Below shows the different components of Operating Expenses as a percentage of Revenue.Source: Sea Limited Investor Relations and Author's AnalysisMost of the Operating Expenses were used for Sales & Marketing purposes. Unsurprisingly, Shopee had the highest S&M burn rate. Discounts, cashback, celebrity promotions... they're everywhere.Source: Sea Limited Investor Relations and Author's AnalysisAs a result, Operating Profit Margins is still negative, although it is trending in the right direction.Source: Sea Limited Investor Relations and Author's AnalysisAEBITDA, on the other hand, is plunging. This is due to Garena's falling Bookings and Shoppe's widening losses. AEBITDA for FY2021 was $(594) million, compared to FY2020 positive AEBITDA of $107 million. This is probably the most concerning figure for investors as such a high cash burn rate is unsustainable, which may also lead to additional capital raises that are dilutive to shareholders.Source: Sea Limited Investor Relations and Author's AnalysisThe guidance did not help either. Garena Bookings is expected to fall to just $3 billion, which is $1.3 billion lower than FY2021's number. Management blamed the reopening of the economy as well as the ban of Free Fire in India for the expected drop in Bookings. Assuming a modest 50% AEBITDA margin, Garena would bring in just $1.5 billion of AEBITDA for Sea in FY2022.On the other side, the other two segments are expected to continue with their immense pace of growth — Shopee and SeaMoney are expected to grow by 76% and 155%, respectively. If we assume a (50)% AEBITDA margin for both segments, Shopee and SeaMoney is expected to burn a total of about $(5.1) billion of AEBITDA. Adding Garena's estimated AEBITDA of $1.5 billion, Sea, as a Group, is expected to burn $(3.6) billion in FY2021.Source: Sea Limited FY2021 Q4 Investor PresentationBecause Garena is such an important piece of Shopee's and SeaMoney's growth story, a deceleration in Garena's business had investors reacting so negatively to Sea's latest earnings release, as now, the gaming business is incapable of covering the massive losses incurred by the other two business segments.Balance SheetSea's balance sheet position as of year-end FY2021 is at about $10.2 billion of Cash and Short Term Investments. While this may show that Sea has a substantial cushion against its short-term cash burn rate, its net cash position paints a different picture.Source: Sea Limited FY2021 Q4 Investor PresentationAdjusting for Sea's debt, Sea ended the year with a net cash position of around $5.9 billion. A substantial amount of its total debt comes from its recent issuance of 0.25% Convertible Senior Notes due 2026. The notes were issued when the stock was trading at $318 per share back in September and the initial conversion price is set at $477 per share. So, yes... conversion in the next 2 to 3 years is very unlikely.Source: Sea Limited Investor Relations and Author's AnalysisWith net cash of $5.9 billion and $(3.6) billion of estimated AEBITDA in FY2022, it won't be long before Sea requires another cash infusion. Therefore, if the high cash burn rate persists for the next 2 to 3 years, investors face a major risk of increasing financial leverage and/or dilution in the form of equity raises.Cash Flow StatementHere is what cash flow looks like over the last few quarters. Notice how Operating Cash Flow turned negative in the last quarter. Most of the cash also comes from Financing activities.Source: Sea Limited Investor Relations and Author's AnalysisUnlike other high-flying growth companies, Sea's Share-Based Compensation expenses are relatively low.Source: Sea Limited Investor Relations and Author's AnalysisCompetitive MoatsBased on my research and analysis, I identified three key competitive moats for Sea: brand, network effects, and barriers to entry. I used to think that Sea has cost advantages but as Garena becomes a smaller part of the overall business, and as losses continue to worsen, I have reason to believe that Sea no longer holds that moat.BrandAs discussed in previous sections, Garena's games, particularly Free Fire, have consistently ranked as the most downloaded mobile game in the world. Additionally, the Shopee app has gained cross-border stardom and is now regarded as the most downloaded or fastest-trending shopping App in the countries it operates in. Lastly, SeaMoney is also gaining traction with banking licenses granted in various countries that should increase brand value and trust.Network EffectsThe sheer amount of app downloads leads to powerful network effects. Garena has 652 million QAUs, which is about 8% of the world's population. Shopee recorded 200+ million app downloads in FY2021 alone. SeaMoney QAUs topped 45.8 million in Q4 and it is still in the early stages of adoption.With all these users in the Sea platform, cross-selling new products or services should be easier as Sea continues to scale. One such example is Shopee Brazil and Free Fire where each platform is encouraging consumers to use the other. As Sea continues to innovate and offer better experiences for its customers, the ecosystem gets bigger and tighter, leading to powerful network effects.Source: Shopee BrazilBarriers To EntryI believe each of Sea's core businesses is operating in a winner-takes-most environment with high barriers to entry.The mobile gaming environment requires the most talented developers to launch blockbuster games. Garena's Free Fire is certainly a blockbuster game and time in Free Fire's game means time away from other mobile games.Just like how Amazon (AMZN) dominates in the US, the e-commerce landscape in Southeast Asia and Latin America is dominated by a few players, such as Shopee, Tokopedia, and MercadoLibre (MELI). The scale and unit economics that these players have achieved makes it unsustainable for new entrants to compete with them.Banking and fintech is also a highly-regulated environment. Furthermore, consumers prefer to have just one mobile wallet, such as ShopeePay, as opposed to owning several different fintech applications.ValuationBased on my sum-of-the-parts and comparable company valuation analysis, Sea looks to be slightly undervalued with 19% upside potential. Of course, comparables are not perfect but based on this, we can gauge where Sea stands among peers.Source: Author's AnalysisOn the flip side, Sea looks extremely cheap on a historical basis. In terms of EV/Sales, Sea is trading at the lowest valuation since its IPO, trading at just 4.2x forward sales.Source: KoyfinIn terms of EV/Gross Profit, Sea is trading even cheaper than its March 2020 lows.Source: KoyfinThe valuation compression is warranted given that the company flew too close to the sun and now it is cratering back to the sea — not just for Sea, but almost all growth stocks took a beating. Growth is also slowing down and the macroeconomic environment looks gloomier than ever. However, this is not the end of the world; I think the markets are overreacting. Diversion from the mean goes both ways — perhaps, current prices present a good margin of safety for long-term investors.CatalystsSuccessful International Expansion — Shopee has been successful in replicating its playbook from Southeast Asia to Brazil. Recently, Shopee launched operations in India, Mexico, Chile, Colombia, Argentina, Poland, and Spain. If Shopee can take substantial market share in these new regions, Shopee's growth could turn exponential.The Metaverse — Sea's withering gaming division needs to be revitalized. New games and features could definitely provide the boost that it needs. For example, the metaverse is an exciting opportunity and Garena could introduce this concept to its 600+ million QAUs. Sea AI Lab (SAIL) and Sea Capital are two ventures that could accelerate the company into emerging industries, including the metaverse.We will continue to encourage user-generated content by enhancing greater features and accessibility. We believe that a strong user reception to Craftland is a positive indicator of the initial success to encourage user participation in content creation and to build Free Fire into an increasingly open platform and is well aligned with major emerging industry trends such as metaverse.Regional SuperApp — Although this concept has yet to be discussed by management, launching a regional SuperApp could enhance user engagement to new levels. For example, imagine Shopee users being able to play games, shop, order food delivery, pay for services, transfer money, invest, all under one app. Imagine users being able to convert their deposited funds in ShopeePay, into ShopeeCoins, and use it to perform cross-border transactions.Continued Growth In SeaMoney — SeaMoney is still in its early stages and continued adoption of Sea's digital financial services offerings will be a strong addition to Sea's bull thesis. SPayLater has real potential to disrupt the consumer credit industry. SeaBank and ShopeePay have the opportunity to capture digital wallet, digital banking, and cashless society trends.Free Fire India Ban Lift— Garena's weak guidance factored in the headwinds coming from the ban in India. If the ban is lifted, the stock may react positively as much of Sea's cash burn problems may be eliminated.RisksThe Pressure to Launch Blockbuster Games— There will come a time when Free Fire will be dethroned as the most-played and most-downloaded game. That is just how the gaming business works. This puts a substantial risk on the cash flow generation potential of Garena. Launching blockbuster games is never easy and it requires many trials and errors along the way. For me, I would like to see Garena shift to a gaming franchise model where the company launches an updated version of an existing game every year or two, which presents a more stable and recurring revenue stream for the company. An example would be FIFA or Call of Duty.Shopee India Ban — With Free Fire banned in India, there's also the potential for Shoppe to be banned as well.Failure to Gain Traction in International Markets— Shopee pulled out of France in early March, an indication that Shoppe's business model is not replicable in other countries, especially in more developed regions. Shopee Poland and Spain may be next on the exit list as they hold a close resemblance to France.Geopolitical Risks— Tencent, a Chinese company, has an 18.7% equity stake in Sea. Sanctions, bans, and other restrictions on Chinese companies, given the current geopolitical environment, could spell trouble for Sea. Tencent may have to cut exposure on Sea or even dissolve its developing-publishing partnership with Garena.Local Competition— Local champions operating in their respective markets cannot be ignored. These include GoTo in Indonesia, MercadoLibre in Latin America, and Flipkart in India.In addition, there's a certain level of pride for consumers to see their native-born companies succeed. I'm Indonesian, and it makes me really happy to see GoTo grow and grow.GoTo, the holding company of both Indonesian tech darlings Gojek and Tokopedia, recently announced its plan to IPO in the Indonesia Stock Exchange. Here's a glance of GoTo's stats for the 12-months ended 30 September 2021:Valuation: $26.2 billion to $28.8 billionGMV: $28.8 billionRevenue: $1 billionGross Orders: 2 billionAnnual Transacting Users: 55 millionDriver Partners: 2.5 millionMerchants: 14 millionThe point is that there are big-time local players operating in Sea's markets that investors should never ignore. Here's a little snippet from my previous Shopee article:But with the GoTo merger, Indonesia could potentially extinguish the orange flame that charred its forest for many years. Now, GoTo could finally reclaim a good chunk of its territory that was lost to waves of competition, especially from Shopee. GoTo could finally gain more ground as the roots grew even stronger with the merger, fertilized with the synergies of value propositions, logistics, payments, and banking solutions.Meanwhile, Sea Limited's stock continues to soar, ignoring the titan of an elephant in the room. And because of GoTo's integration, Shopee's vertically-integrated business model doesn't look like a strong competitive advantage anymore.ConclusionEach of Sea's core businesses is in hypergrowth mode, propelled by megatrends in the mobile gaming, e-commerce, and fintech industry. Management understands these opportunities and therefore, is sacrificing short-term profitability for long-term market dominance. Despite being a larger business, Sea still has a massive growth runway ahead.That is not to say that unprofitability and competition risks can and should be ignored. The biggest concern for investors is the company's unsustainable cash burn rate, which will likely lead to further capital raises in the near future.Nonetheless, the long-term growth thesis for the three-headed monster remains intact. Strong brand, network effects, and barriers to entry moats should support the business going forward. In addition, shares of Sea are trading at the lowest valuation multiples ever, which presents a good margin of safety for an entry at these prices.Thank you for reading my Sea Limited deep dive. If you enjoyed the article, please let me know in the comment section down below. If you have any suggestions or feedback, don't hesitate to share your thoughts as well.","news_type":1},"isVote":1,"tweetType":1,"viewCount":155,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173087708,"gmtCreate":1626586848804,"gmtModify":1703762091243,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>&nbsp;Hodl for the future&nbsp;","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>&nbsp;Hodl for the future&nbsp;","text":"$Tiger Brokers(TIGR)$ Hodl for the future","images":[{"img":"https://static.tigerbbs.com/f4ecea7fe914f4363389c356e7bfff64","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":1,"link":"https://ttm.financial/post/173087708","isVote":1,"tweetType":1,"viewCount":416,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":890547472,"gmtCreate":1628125856696,"gmtModify":1703501650366,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/U77.SI\">$SARINE TECHNOLOGIES LTD(U77.SI)$</a>&nbsp;Half Year report says it all. Profit 972% increase compared to 2020H1&nbsp;","listText":"<a href=\"https://laohu8.com/S/U77.SI\">$SARINE TECHNOLOGIES LTD(U77.SI)$</a>&nbsp;Half Year report says it all. Profit 972% increase compared to 2020H1&nbsp;","text":"$SARINE TECHNOLOGIES LTD(U77.SI)$ Half Year report says it all. Profit 972% increase compared to 2020H1","images":[{"img":"https://static.tigerbbs.com/6b25072f624008fcc714b82fff4f1f3f","width":"1080","height":"2340"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/890547472","isVote":1,"tweetType":1,"viewCount":316,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582001055198315","authorId":"3582001055198315","name":"kerestia","avatar":"https://static.tigerbbs.com/8be79e7432a13721035715b6d0e10adc","crmLevel":2,"crmLevelSwitch":0,"idStr":"3582001055198315","authorIdStr":"3582001055198315"},"content":"Yes! Now we'll see it fly! [Grin]","text":"Yes! Now we'll see it fly! [Grin]","html":"Yes! Now we'll see it fly! [Grin]"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":869656161,"gmtCreate":1632284260553,"gmtModify":1676530743092,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LMND\">$Lemonade, Inc.(LMND)$</a>&nbsp;Back up to $180!&nbsp;","listText":"<a href=\"https://laohu8.com/S/LMND\">$Lemonade, Inc.(LMND)$</a>&nbsp;Back up to $180!&nbsp;","text":"$Lemonade, Inc.(LMND)$ Back up to $180!","images":[{"img":"https://static.tigerbbs.com/76c16d2f058b247aebb6f826606e5e9c","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":1,"link":"https://ttm.financial/post/869656161","isVote":1,"tweetType":1,"viewCount":197,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":810686690,"gmtCreate":1629971858810,"gmtModify":1676530188185,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"themes":[],"htmlText":"Please drop so that I can pick up&nbsp;","listText":"Please drop so that I can pick up&nbsp;","text":"Please drop so that I can pick up","images":[{"img":"https://static.tigerbbs.com/b02377a51017b5a459d8249dacf23ade","width":"1080","height":"3105"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/810686690","isVote":1,"tweetType":1,"viewCount":181,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582001055198315","authorId":"3582001055198315","name":"kerestia","avatar":"https://static.tigerbbs.com/8be79e7432a13721035715b6d0e10adc","crmLevel":2,"crmLevelSwitch":0,"idStr":"3582001055198315","authorIdStr":"3582001055198315"},"content":"hey, I'm picking this up too. it's supposed to ride to 35, u believe?","text":"hey, I'm picking this up too. it's supposed to ride to 35, u believe?","html":"hey, I'm picking this up too. it's supposed to ride to 35, u believe?"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":804504996,"gmtCreate":1627962262615,"gmtModify":1703498687630,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/U77.SI\">$SARINE TECHNOLOGIES LTD(U77.SI)$</a>&nbsp;Engine starting! Cleared 0.750 resistance. More upside coming with results coming out ?","listText":"<a href=\"https://laohu8.com/S/U77.SI\">$SARINE TECHNOLOGIES LTD(U77.SI)$</a>&nbsp;Engine starting! Cleared 0.750 resistance. More upside coming with results coming out ?","text":"$SARINE TECHNOLOGIES LTD(U77.SI)$ Engine starting! Cleared 0.750 resistance. More upside coming with results coming out ?","images":[{"img":"https://static.tigerbbs.com/08f1531e56b1308fe71f33cd7f481110","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/804504996","isVote":1,"tweetType":1,"viewCount":323,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582001055198315","authorId":"3582001055198315","name":"kerestia","avatar":"https://static.tigerbbs.com/8be79e7432a13721035715b6d0e10adc","crmLevel":2,"crmLevelSwitch":0,"idStr":"3582001055198315","authorIdStr":"3582001055198315"},"content":"hope the engine powers it to fly soon and we'll all HUAT. been waiting for it to pick up, finally see the line turning up today ?","text":"hope the engine powers it to fly soon and we'll all HUAT. been waiting for it to pick up, finally see the line turning up today ?","html":"hope the engine powers it to fly soon and we'll all HUAT. been waiting for it to pick up, finally see the line turning up today ?"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9085015742,"gmtCreate":1650617354678,"gmtModify":1676534764623,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"themes":[],"htmlText":"Okkk","listText":"Okkk","text":"Okkk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9085015742","repostId":"2229902607","repostType":4,"repost":{"id":"2229902607","pubTimestamp":1650641417,"share":"https://ttm.financial/m/news/2229902607?lang=&edition=fundamental","pubTime":"2022-04-22 23:30","market":"us","language":"en","title":"2 Unstoppable Stocks That Could Turn $200,000 Into $1 Million by 2032","url":"https://stock-news.laohu8.com/highlight/detail?id=2229902607","media":"Motley Fool","summary":"Short-term stock market jitters are a great opportunity to pick up high-growth stocks like these at a discount.","content":"<html><head></head><body><p>If there&#39;s <a href=\"https://laohu8.com/S/AONE.U\">one</a> lesson to be learned from the recent volatility in the stock market, it&#39;s the importance of focusing on the long term. While the <b>Nasdaq-100 Technology Sector</b> index is down about 13.9% so far in 2022, it&#39;s still holding on to a gain of 423% over the last decade.</p><p>In fact, the steep declines in many individual stocks could be an opportunity to buy into long-term growth stories at a discount for the decade ahead. <b>Upstart Holdings</b> and <b>Bill.com Holdings</b> are two fintechs with unique business models and soaring growth rates, making them prime candidates.</p><p>Over the next 10 years, both stocks have the potential to deliver fivefold returns, especially if you buy them now while their stock is selling at a steep discount to levels reached in late 2021.</p><h2>The case for Upstart</h2><p>Artificial intelligence (AI) is a next-generation technology that promises to replace manual human input in many complex tasks. In this case, Upstart has developed an AI algorithm to assess the creditworthiness of potential borrowers, and it uses that information to originate loans for its banking partners.</p><p>Banks pay Upstart a fee for the service, and it&#39;s proving to be a far more effective tool than the decades-old FICO credit scoring system from <b>Fair Isaac</b>. While FICO takes into account a handful of metrics when assessing borrowers, Upstart can measure 1,600 data points and deliver a decision instantly 70% of the time. It would likely take a human assessor days or even weeks to arrive at the same result, so Upstart offers a better experience for both the customer and the lender.</p><p>The company got its start by originating unsecured personal loans, which is a $96 billion annual market. But it recently expanded into auto loan originations, which is about seven times that size. The Upstart Auto Retail sales and origination platform now serves over 410 car dealerships across the U.S., and it&#39;s growing rapidly.</p><p>Upstart would have to increase its revenue by 18% each year to turn a $200,000 investment into $1 million by 2032, assuming its price-to-sales multiple remains constant.</p><table><thead><tr><th>Metric</th><th>2017</th><th>2021</th><th>CAGR</th></tr></thead><tbody><tr><td><p>Revenue</p></td><td><p>$57 million</p></td><td><p>$849 million</p></td><td><p>96%</p></td></tr><tr><td><p>Earnings (loss) per share</p></td><td><p>($0.56)</p></td><td><p>$2.37</p></td><td><p>N/A</p></td></tr></tbody></table><p>Data: Upstart Holdings. CAGR = compound annual growth rate.</p><p>Upstart is crushing the 18% growth mark, nearly doubling its revenue every year since 2017. On top of that, it&#39;s now a profitable company, making it far more attractive as an investment than most tech companies.</p><p>In its 2021 presentation, Upstart highlighted new potential markets like small-business lending and mortgages, which could send its annual opportunity into the trillions of dollars. Put simply, the company&#39;s best growth might still be ahead, and with its stock down 79.8% from its all-time high, it&#39;s a great time to add it to your portfolio.</p><h2>The case for Bill.com</h2><p>Business owners are spotlighted when it comes to software services that make monotonous administrative tasks less burdensome. Bill.com has grown to become a leading provider, thanks to its flagship accounts-payable platform helping to reduce messy paper trails. Its digital inbox technology centralizes incoming invoices so they don&#39;t get lost in the shuffle of everyday operations.</p><p>Bill.com allows business owners to pay those invoices with one click, and it also integrates with top accounting software so those transactions get logged into the books automatically. In 2021, the company acquired two other businesses to aid its expansion into new verticals. It now owns Invoice2go, which helps manage accounts receivable, and Divvy, a budgeting and expense management software.</p><p>Now, Bill.com is a go-to provider for all things related to business payments, and it serves 373,500 customers.</p><table><thead><tr><th>Metric</th><th>Fiscal 2018</th><th>Fiscal 2022 (Guidance)</th><th>CAGR</th></tr></thead><tbody><tr><td><p>Revenue</p></td><td><p>$64 million</p></td><td><p>$600 million</p></td><td><p>74%</p></td></tr></tbody></table><p>Data: Bill.com. Fiscal years end June 30.</p><p>In the last few years, Bill.com&#39;s revenue growth has far exceeded the 18% it needs for its stock to grow fivefold over the next decade, assuming its stock valuation metrics remain where they are today. But there&#39;s even a possibility growth could accelerate.</p><p>The company has processed $181 billion in payment volume over the last 12 months, but it places its domestic opportunity at $25 trillion annually -- and a whopping $125 trillion globally. That leaves a significant runway, and since Bill.com has bolted-on two key acquisitions, it has a wider path to greater market share.</p><p>The company also operates in a pool of 70 million global business customers. Keep in mind that it hasn&#39;t even cracked its first million yet, so there&#39;s significant room for expansion.</p><p>Bill.com should kick into high gear over the next few years as it fine-tunes its new multifaceted business model. And since its stock has dipped 43.5% from its all-time high amid the tech sell-off, now might be the time to get involved.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Unstoppable Stocks That Could Turn $200,000 Into $1 Million by 2032</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Unstoppable Stocks That Could Turn $200,000 Into $1 Million by 2032\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-22 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/04/21/2-unstoppable-stocks-turn-200000-to-1-million-2032/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If there's one lesson to be learned from the recent volatility in the stock market, it's the importance of focusing on the long term. While the Nasdaq-100 Technology Sector index is down about 13.9% ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/04/21/2-unstoppable-stocks-turn-200000-to-1-million-2032/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4551":"寇图资本持仓","BK4166":"消费信贷","BK4543":"AI","BK4561":"索罗斯持仓","AI":"C3.ai, Inc.","BILL":"BILL HOLDINGS INC","UPST":"Upstart Holdings, Inc.","BK4528":"SaaS概念"},"source_url":"https://www.fool.com/investing/2022/04/21/2-unstoppable-stocks-turn-200000-to-1-million-2032/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2229902607","content_text":"If there's one lesson to be learned from the recent volatility in the stock market, it's the importance of focusing on the long term. While the Nasdaq-100 Technology Sector index is down about 13.9% so far in 2022, it's still holding on to a gain of 423% over the last decade.In fact, the steep declines in many individual stocks could be an opportunity to buy into long-term growth stories at a discount for the decade ahead. Upstart Holdings and Bill.com Holdings are two fintechs with unique business models and soaring growth rates, making them prime candidates.Over the next 10 years, both stocks have the potential to deliver fivefold returns, especially if you buy them now while their stock is selling at a steep discount to levels reached in late 2021.The case for UpstartArtificial intelligence (AI) is a next-generation technology that promises to replace manual human input in many complex tasks. In this case, Upstart has developed an AI algorithm to assess the creditworthiness of potential borrowers, and it uses that information to originate loans for its banking partners.Banks pay Upstart a fee for the service, and it's proving to be a far more effective tool than the decades-old FICO credit scoring system from Fair Isaac. While FICO takes into account a handful of metrics when assessing borrowers, Upstart can measure 1,600 data points and deliver a decision instantly 70% of the time. It would likely take a human assessor days or even weeks to arrive at the same result, so Upstart offers a better experience for both the customer and the lender.The company got its start by originating unsecured personal loans, which is a $96 billion annual market. But it recently expanded into auto loan originations, which is about seven times that size. The Upstart Auto Retail sales and origination platform now serves over 410 car dealerships across the U.S., and it's growing rapidly.Upstart would have to increase its revenue by 18% each year to turn a $200,000 investment into $1 million by 2032, assuming its price-to-sales multiple remains constant.Metric20172021CAGRRevenue$57 million$849 million96%Earnings (loss) per share($0.56)$2.37N/AData: Upstart Holdings. CAGR = compound annual growth rate.Upstart is crushing the 18% growth mark, nearly doubling its revenue every year since 2017. On top of that, it's now a profitable company, making it far more attractive as an investment than most tech companies.In its 2021 presentation, Upstart highlighted new potential markets like small-business lending and mortgages, which could send its annual opportunity into the trillions of dollars. Put simply, the company's best growth might still be ahead, and with its stock down 79.8% from its all-time high, it's a great time to add it to your portfolio.The case for Bill.comBusiness owners are spotlighted when it comes to software services that make monotonous administrative tasks less burdensome. Bill.com has grown to become a leading provider, thanks to its flagship accounts-payable platform helping to reduce messy paper trails. Its digital inbox technology centralizes incoming invoices so they don't get lost in the shuffle of everyday operations.Bill.com allows business owners to pay those invoices with one click, and it also integrates with top accounting software so those transactions get logged into the books automatically. In 2021, the company acquired two other businesses to aid its expansion into new verticals. It now owns Invoice2go, which helps manage accounts receivable, and Divvy, a budgeting and expense management software.Now, Bill.com is a go-to provider for all things related to business payments, and it serves 373,500 customers.MetricFiscal 2018Fiscal 2022 (Guidance)CAGRRevenue$64 million$600 million74%Data: Bill.com. Fiscal years end June 30.In the last few years, Bill.com's revenue growth has far exceeded the 18% it needs for its stock to grow fivefold over the next decade, assuming its stock valuation metrics remain where they are today. But there's even a possibility growth could accelerate.The company has processed $181 billion in payment volume over the last 12 months, but it places its domestic opportunity at $25 trillion annually -- and a whopping $125 trillion globally. That leaves a significant runway, and since Bill.com has bolted-on two key acquisitions, it has a wider path to greater market share.The company also operates in a pool of 70 million global business customers. Keep in mind that it hasn't even cracked its first million yet, so there's significant room for expansion.Bill.com should kick into high gear over the next few years as it fine-tunes its new multifaceted business model. And since its stock has dipped 43.5% from its all-time high amid the tech sell-off, now might be the time to get involved.","news_type":1},"isVote":1,"tweetType":1,"viewCount":149,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9008224295,"gmtCreate":1641465694741,"gmtModify":1676533617928,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"themes":[],"htmlText":"Yeahh","listText":"Yeahh","text":"Yeahh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008224295","repostId":"1115076063","repostType":4,"isVote":1,"tweetType":1,"viewCount":40,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9008319284,"gmtCreate":1641358006696,"gmtModify":1676533605774,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008319284","repostId":"1168960619","repostType":4,"repost":{"id":"1168960619","pubTimestamp":1641335422,"share":"https://ttm.financial/m/news/1168960619?lang=&edition=fundamental","pubTime":"2022-01-05 06:30","market":"us","language":"en","title":"Drubbing in Tech Marks Biggest New-Year Stock Rotation Since ’95","url":"https://stock-news.laohu8.com/highlight/detail?id=1168960619","media":"Bloomberg","summary":"Cyclical, value shares surge amid expectations for rate hikesShift broadens market breadth and may h","content":"<html><head></head><body><ul><li>Cyclical, value shares surge amid expectations for rate hikes</li><li>Shift broadens market breadth and may help active managers</li></ul><p>After five years of waiting for technology shares’ grip on the market to loosen, value investors are getting their hopes up at the start of 2022.</p><p>Software and internet stocks sold off Tuesday, driving the Russell 1000 Growth Index down 1.1%. Meanwhile, energy and financial shares surged, leading gains among those trading at lower multiples based on profits or book value.</p><p>The divergence was so wide that over the past two sessions, growth has trailed value by 1.5 percentage points. That’s the worst underperformance for growth to start a year since 1995.</p><p><img src=\"https://static.tigerbbs.com/ccbc54c6a14e6c6777460ba28758ea66\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"/></p><p>This rotation came alongside a spike in Treasury yields on expectations that the Federal Reserve will raise interest rates this year to tame inflation. While the prospect of higher borrowing costs have prompted traders to rethink their affection for growth stocks -- particularly those fetching nose-bleed valuations -- rate hikes could signal an accelerating economy. This could be good for cyclical companies, many of which have been shunned.</p><p>“You could argue some of this rotation is the result of the higher real and nominal yields,” said Alon Rosin, Oppenheimer &amp; Co.’s head of institutional equity derivatives. “This rotation is long overdue with large-cap tech holding up into year end. Now we have multiple compression concerns across all tech with the Fed’s liquidity spigot coming into the tightening drumbeat ahead.”</p><p>Tech stocks bore the brunt of selling Tuesday and the Nasdaq 100 dropped 1.4%, the most in more than two weeks. Expensive software makers tumbled more than 4% as a group, reaching a level not seen since last June.</p><p>The ARK Innovation exchange-traded fund (ARKK), the poster-child of the frenzy over hyper-growth names, sank 4.4%, while a basket of profitless technology shares plunged 4.1%.</p><p>Despite the bleeding in the market’s largest industry, the S&amp;P 500 stood firm, thanks to gains in economically sensitive shares. Energy producers and the KBW Bank Index each rallied more than 6% in the past two sessions, marking their best start for a year on record.</p><p>To many investors, the rotation was a welcome development in a bull run where in a handful of tech giants have increasingly dominated equity gains, leaving the market vulnerable to company-specific risks. Broader participation is also good news for active money managers, whose gravitation toward value has contributed to years of lackluster performance when measured against their benchmarks.</p><p>Granted, short value renaissances have tried to challenge growth’s dominance in recent years, as in the first quarter of 2021 and the final months of 2018. Yet they all proved fleeting.</p><p>Still, some value fans are optimistic. As the Fed turns hawkish, company fundamentals and valuations will really matter.</p><p>“Not many predictions for a blowout 2022, so many are allocating towards consistently profitable companies, and away from profitless,” said Larry Weiss, head of equity trading at Instinet LLC in New York. “It could be the value comeback we’ve been waiting for!”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Drubbing in Tech Marks Biggest New-Year Stock Rotation Since ’95</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDrubbing in Tech Marks Biggest New-Year Stock Rotation Since ’95\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-05 06:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-01-04/drubbing-in-tech-marks-biggest-new-year-stock-rotation-since-95?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cyclical, value shares surge amid expectations for rate hikesShift broadens market breadth and may help active managersAfter five years of waiting for technology shares’ grip on the market to loosen, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-04/drubbing-in-tech-marks-biggest-new-year-stock-rotation-since-95?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2022-01-04/drubbing-in-tech-marks-biggest-new-year-stock-rotation-since-95?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168960619","content_text":"Cyclical, value shares surge amid expectations for rate hikesShift broadens market breadth and may help active managersAfter five years of waiting for technology shares’ grip on the market to loosen, value investors are getting their hopes up at the start of 2022.Software and internet stocks sold off Tuesday, driving the Russell 1000 Growth Index down 1.1%. Meanwhile, energy and financial shares surged, leading gains among those trading at lower multiples based on profits or book value.The divergence was so wide that over the past two sessions, growth has trailed value by 1.5 percentage points. That’s the worst underperformance for growth to start a year since 1995.This rotation came alongside a spike in Treasury yields on expectations that the Federal Reserve will raise interest rates this year to tame inflation. While the prospect of higher borrowing costs have prompted traders to rethink their affection for growth stocks -- particularly those fetching nose-bleed valuations -- rate hikes could signal an accelerating economy. This could be good for cyclical companies, many of which have been shunned.“You could argue some of this rotation is the result of the higher real and nominal yields,” said Alon Rosin, Oppenheimer & Co.’s head of institutional equity derivatives. “This rotation is long overdue with large-cap tech holding up into year end. Now we have multiple compression concerns across all tech with the Fed’s liquidity spigot coming into the tightening drumbeat ahead.”Tech stocks bore the brunt of selling Tuesday and the Nasdaq 100 dropped 1.4%, the most in more than two weeks. Expensive software makers tumbled more than 4% as a group, reaching a level not seen since last June.The ARK Innovation exchange-traded fund (ARKK), the poster-child of the frenzy over hyper-growth names, sank 4.4%, while a basket of profitless technology shares plunged 4.1%.Despite the bleeding in the market’s largest industry, the S&P 500 stood firm, thanks to gains in economically sensitive shares. Energy producers and the KBW Bank Index each rallied more than 6% in the past two sessions, marking their best start for a year on record.To many investors, the rotation was a welcome development in a bull run where in a handful of tech giants have increasingly dominated equity gains, leaving the market vulnerable to company-specific risks. Broader participation is also good news for active money managers, whose gravitation toward value has contributed to years of lackluster performance when measured against their benchmarks.Granted, short value renaissances have tried to challenge growth’s dominance in recent years, as in the first quarter of 2021 and the final months of 2018. Yet they all proved fleeting.Still, some value fans are optimistic. As the Fed turns hawkish, company fundamentals and valuations will really matter.“Not many predictions for a blowout 2022, so many are allocating towards consistently profitable companies, and away from profitless,” said Larry Weiss, head of equity trading at Instinet LLC in New York. “It could be the value comeback we’ve been waiting for!”","news_type":1},"isVote":1,"tweetType":1,"viewCount":92,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889622327,"gmtCreate":1631146722469,"gmtModify":1676530478751,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"themes":[],"htmlText":"Help to like please&nbsp;","listText":"Help to like please&nbsp;","text":"Help to like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/889622327","repostId":"2166392072","repostType":4,"repost":{"id":"2166392072","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1631142328,"share":"https://ttm.financial/m/news/2166392072?lang=&edition=fundamental","pubTime":"2021-09-09 07:05","market":"us","language":"en","title":"Wall Street ends lower, weighed down by Big Tech","url":"https://stock-news.laohu8.com/highlight/detail?id=2166392072","media":"Reuters","summary":"* U.S. Fed should trim pandemic stimulus - Bullard\n* Coinbase slumps after SEC threatens to sue\n* Pa","content":"<p>* U.S. Fed should trim pandemic stimulus - Bullard</p>\n<p>* Coinbase slumps after SEC threatens to sue</p>\n<p>* <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> falls after acquiring Japanese buy now, pay later firm</p>\n<p>* Indexes end: Dow -0.20%, S&amp;P 500 -0.13%, Nasdaq -0.57%</p>\n<p>Sept 8 (Reuters) - Wall Street ended lower on Wednesday, spooked by worries that the Delta coronavirus variant could blunt the economy's recovery and on uncertainty about when the Federal Reserve may pull back its accommodative policies.</p>\n<p>Apple and <a href=\"https://laohu8.com/S/FB\">Facebook</a> fell about 1% after helping push the Nasdaq to record highs in the previous session. The dips in those two Silicon Valley giants contributed more than any other companies to the S&amp;P 500's decline for the session.</p>\n<p>Investors have become more cautious following Friday's weak August payrolls data, while pressures from rising costs, despite the economy slowing, have increased concerns that the Fed could move sooner than expected to scale back massive monetary measures enacted last year to shield the economy from the coronavirus pandemic.</p>\n<p>The U.S. economy \"downshifted slightly\" in August as concerns grew over how the renewed surge of coronavirus cases would affect the economic recovery, the Fed said on Wednesday in its latest Beige Book compendium of anecdotal reports about the economy.</p>\n<p>The S&amp;P 500 has dipped less than 1% from its record closing high last Thursday, and it remains up 20% year to date, buoyed by the Fed's accommodative monetary policy.</p>\n<p>\"Investors are pulling petals from a daisy, saying, 'The economy will grow, the economy won't grow,'\" said Sam Stovall, chief investment strategist at CFRA. \"They can’t make up their minds, so they have not commitment to long-term positions.\"</p>\n<p>St. Louis Federal Reserve Bank President James Bullard told the Financial Times that the Fed should move forward with a plan to trim its pandemic stimulus program despite a slowdown in job growth.</p>\n<p>Six of the 11 S&amp;P 500 sector indexes fell, with materials&nbsp;and energy the deepest decliners, down over 1% each.</p>\n<p>The Dow Jones Industrial Average fell 0.2% to end at 35,031.07 points, while the S&amp;P 500 lost 0.13% to 4,514.07.</p>\n<p>The Nasdaq Composite dropped 0.57% to 15,286.64.</p>\n<p>Perrigo Company Plc jumped 9% after the drugmaker said it plans to buy HRA Pharma from investment firms Astorg and Goldman Sachs Asset Management in a deal valued at 1.8 billion euros ($2.13 billion).</p>\n<p>Cryptocurrency exchange Coinbase Global Inc fell 3.2% after the U.S. securities regulator threatened to sue the firm if it goes ahead with plans to launch a crypto lending scheme.</p>\n<p>U.S. payments giant PayPal Holdings Inc declined 2.7% after it said it would acquire Japanese buy now, pay later firm Paidy in a $2.7 billion largely cash deal.</p>\n<p>Volume on U.S. exchanges was 9.5 billion shares, compared with the 9.1 billion average for the full session over the last 20 trading days.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.71-to-1 ratio; on Nasdaq, a 2.18-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 32 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 55 new highs and 41 new lows.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street ends lower, weighed down by Big Tech</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street ends lower, weighed down by Big Tech\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-09-09 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* U.S. Fed should trim pandemic stimulus - Bullard</p>\n<p>* Coinbase slumps after SEC threatens to sue</p>\n<p>* <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> falls after acquiring Japanese buy now, pay later firm</p>\n<p>* Indexes end: Dow -0.20%, S&amp;P 500 -0.13%, Nasdaq -0.57%</p>\n<p>Sept 8 (Reuters) - Wall Street ended lower on Wednesday, spooked by worries that the Delta coronavirus variant could blunt the economy's recovery and on uncertainty about when the Federal Reserve may pull back its accommodative policies.</p>\n<p>Apple and <a href=\"https://laohu8.com/S/FB\">Facebook</a> fell about 1% after helping push the Nasdaq to record highs in the previous session. The dips in those two Silicon Valley giants contributed more than any other companies to the S&amp;P 500's decline for the session.</p>\n<p>Investors have become more cautious following Friday's weak August payrolls data, while pressures from rising costs, despite the economy slowing, have increased concerns that the Fed could move sooner than expected to scale back massive monetary measures enacted last year to shield the economy from the coronavirus pandemic.</p>\n<p>The U.S. economy \"downshifted slightly\" in August as concerns grew over how the renewed surge of coronavirus cases would affect the economic recovery, the Fed said on Wednesday in its latest Beige Book compendium of anecdotal reports about the economy.</p>\n<p>The S&amp;P 500 has dipped less than 1% from its record closing high last Thursday, and it remains up 20% year to date, buoyed by the Fed's accommodative monetary policy.</p>\n<p>\"Investors are pulling petals from a daisy, saying, 'The economy will grow, the economy won't grow,'\" said Sam Stovall, chief investment strategist at CFRA. \"They can’t make up their minds, so they have not commitment to long-term positions.\"</p>\n<p>St. Louis Federal Reserve Bank President James Bullard told the Financial Times that the Fed should move forward with a plan to trim its pandemic stimulus program despite a slowdown in job growth.</p>\n<p>Six of the 11 S&amp;P 500 sector indexes fell, with materials&nbsp;and energy the deepest decliners, down over 1% each.</p>\n<p>The Dow Jones Industrial Average fell 0.2% to end at 35,031.07 points, while the S&amp;P 500 lost 0.13% to 4,514.07.</p>\n<p>The Nasdaq Composite dropped 0.57% to 15,286.64.</p>\n<p>Perrigo Company Plc jumped 9% after the drugmaker said it plans to buy HRA Pharma from investment firms Astorg and Goldman Sachs Asset Management in a deal valued at 1.8 billion euros ($2.13 billion).</p>\n<p>Cryptocurrency exchange Coinbase Global Inc fell 3.2% after the U.S. securities regulator threatened to sue the firm if it goes ahead with plans to launch a crypto lending scheme.</p>\n<p>U.S. payments giant PayPal Holdings Inc declined 2.7% after it said it would acquire Japanese buy now, pay later firm Paidy in a $2.7 billion largely cash deal.</p>\n<p>Volume on U.S. exchanges was 9.5 billion shares, compared with the 9.1 billion average for the full session over the last 20 trading days.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.71-to-1 ratio; on Nasdaq, a 2.18-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 32 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 55 new highs and 41 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","UPRO":"三倍做多标普500ETF","UDOW":"道指三倍做多ETF-ProShares","DJX":"1/100道琼斯","QID":"纳指两倍做空ETF","COIN":"Coinbase Global, Inc.","IVV":"标普500指数ETF","SDS":"两倍做空标普500ETF","SSO":"两倍做多标普500ETF","SPXU":"三倍做空标普500ETF","SDOW":"道指三倍做空ETF-ProShares","SQQQ":"纳指三倍做空ETF","DXD":"道指两倍做空ETF","PYPL":"PayPal","QLD":"纳指两倍做多ETF","PSQ":"纳指反向ETF","SPY":"标普500ETF","OEF":"标普100指数ETF-iShares","SH":"标普500反向ETF","DDM":"道指两倍做多ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","DOG":"道指反向ETF",".SPX":"S&P 500 Index","OEX":"标普100","TQQQ":"纳指三倍做多ETF","QQQ":"纳指100ETF","AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2166392072","content_text":"* U.S. Fed should trim pandemic stimulus - Bullard\n* Coinbase slumps after SEC threatens to sue\n* PayPal falls after acquiring Japanese buy now, pay later firm\n* Indexes end: Dow -0.20%, S&P 500 -0.13%, Nasdaq -0.57%\nSept 8 (Reuters) - Wall Street ended lower on Wednesday, spooked by worries that the Delta coronavirus variant could blunt the economy's recovery and on uncertainty about when the Federal Reserve may pull back its accommodative policies.\nApple and Facebook fell about 1% after helping push the Nasdaq to record highs in the previous session. The dips in those two Silicon Valley giants contributed more than any other companies to the S&P 500's decline for the session.\nInvestors have become more cautious following Friday's weak August payrolls data, while pressures from rising costs, despite the economy slowing, have increased concerns that the Fed could move sooner than expected to scale back massive monetary measures enacted last year to shield the economy from the coronavirus pandemic.\nThe U.S. economy \"downshifted slightly\" in August as concerns grew over how the renewed surge of coronavirus cases would affect the economic recovery, the Fed said on Wednesday in its latest Beige Book compendium of anecdotal reports about the economy.\nThe S&P 500 has dipped less than 1% from its record closing high last Thursday, and it remains up 20% year to date, buoyed by the Fed's accommodative monetary policy.\n\"Investors are pulling petals from a daisy, saying, 'The economy will grow, the economy won't grow,'\" said Sam Stovall, chief investment strategist at CFRA. \"They can’t make up their minds, so they have not commitment to long-term positions.\"\nSt. Louis Federal Reserve Bank President James Bullard told the Financial Times that the Fed should move forward with a plan to trim its pandemic stimulus program despite a slowdown in job growth.\nSix of the 11 S&P 500 sector indexes fell, with materials and energy the deepest decliners, down over 1% each.\nThe Dow Jones Industrial Average fell 0.2% to end at 35,031.07 points, while the S&P 500 lost 0.13% to 4,514.07.\nThe Nasdaq Composite dropped 0.57% to 15,286.64.\nPerrigo Company Plc jumped 9% after the drugmaker said it plans to buy HRA Pharma from investment firms Astorg and Goldman Sachs Asset Management in a deal valued at 1.8 billion euros ($2.13 billion).\nCryptocurrency exchange Coinbase Global Inc fell 3.2% after the U.S. securities regulator threatened to sue the firm if it goes ahead with plans to launch a crypto lending scheme.\nU.S. payments giant PayPal Holdings Inc declined 2.7% after it said it would acquire Japanese buy now, pay later firm Paidy in a $2.7 billion largely cash deal.\nVolume on U.S. exchanges was 9.5 billion shares, compared with the 9.1 billion average for the full session over the last 20 trading days.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.71-to-1 ratio; on Nasdaq, a 2.18-to-1 ratio favored decliners.\nThe S&P 500 posted 32 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 55 new highs and 41 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":7,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9016162630,"gmtCreate":1649151632336,"gmtModify":1676534459709,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9016162630","repostId":"2225585478","repostType":4,"repost":{"id":"2225585478","pubTimestamp":1649149417,"share":"https://ttm.financial/m/news/2225585478?lang=&edition=fundamental","pubTime":"2022-04-05 17:03","market":"us","language":"en","title":"Re-Evaluating Twitter After Massive Elon Musk Buy-In","url":"https://stock-news.laohu8.com/highlight/detail?id=2225585478","media":"seekingalpha","summary":"peepo/E+ via Getty ImagesShares of Twitter (NYSE:TWTR) are back in play after billionaire and Tesla ","content":"<html><head></head><body><p></p><p><img src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1313253634/image_1313253634.jpg?io=getty-c-w750\" tg-width=\"750\" tg-height=\"375\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>peepo/E+ via Getty Images</p><p></p><p>Shares of <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> (NYSE:TWTR) are back in play after billionaire and Tesla founder Elon Musk disclosed a massive 9.2% stake in the micro-blogging platform yesterday. Despite a large increase in the valuation of Twitter, I believe the firm&#39;s commercial growth is still cheap and the risk profile remains heavily skewed to the upside.</p><p></p><p><img src=\"https://static.seekingalpha.com/uploads/2022/4/5/saupload_2df5cd4e9dcbe76f0e948a2631ccc59c.png\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p></p><h2><b>Previous position on Twitter</b></h2><p>Months ago, I presented Twitter as a potential investment due to the firm&#39;s undervalued ad business, strong user growth and significant free cash flow generation of the platform. While Twitter may be a controversial investment for some, I do not take political sides and have been focused solely on the firm&#39;s strong platform metrics, especially with respect to average monetizable daily active usage.</p><p>Twitter&#39;s mDAUs soared to 217M in Q4&#39;21 with growth especially pronounced in the platform&#39;s international business. International mDAUs surged 24M in Q4&#39;21, year over year, to a record of 179M. In percentage terms, the international business grew at a 15% year over year rate. While growth is much more modest in the U.S., Twitter is still growing in its domestic market: the micro-blogging platform added 1M new mDAUs to its business in the last quarter, which calculates to a 2% year over year growth rate.</p><p></p><p><img src=\"https://static.seekingalpha.com/uploads/2022/4/53926820_16491397057597_rId4.png\" tg-width=\"733\" tg-height=\"376\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Twitter</p><p></p><h2><b>Elon Musk&#39;s investment in Twitter is a potential game-changer for the micro-blogging platform</b></h2><p>It was revealed yesterday that Elon Musk acquired a 9.2% stake in Twitter, sending shares of the platform soaring more than 27%. The Tesla chief acquired 73,486,938 shares in the social media company on March 14. The purchase immediately made Elon Musk the single largest shareholder of Twitter and raised speculation as to how &#34;passive&#34; the out-spoken billionaire is going to be. While Elon Musk&#39;s ultimate ambition regarding Twitter is not known, the market has been electrified by the acquisition, which could translate to additional valuation gains. Twitter has often been criticized for violating principles of free speech and a more activist role of Elon Musk could result in some positive change on Twitter&#39;s platform.</p><h2><b>Significant free cash flow value</b></h2><p>The acquisition of a 9.2% stake in Twitter has been a strong catalyst for shares of Twitter so far, but the real value of the social media company is its large user base and potential for material advertising revenue and free cash flow growth in the coming years. Twitter&#39;s free cash flow margins decreased in FY 2021, but this is chiefly due to higher capital expenditures and a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-time litigation-related net charge of $766M in the third-quarter. If it wasn&#39;t for the settlement of a shareholder class action lawsuit, Twitter&#39;s free cash flow would have been positive in FY 2021.</p><p>Twitter&#39;s ad business shows a lot of promise as well. The ad business recovered strongly in FY 2021 and total advertising revenues surged 40% year over year to $4.5B. Twitter&#39;s ad revenues in the fourth-quarter soared 22% year over year to $1.41B.</p><p></p><p><img src=\"https://static.seekingalpha.com/uploads/2022/4/53926820_16491397057597_rId5.png\" tg-width=\"467\" tg-height=\"502\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Twitter</p><p></p><p>I believe Twitter could generate up to $600M in free cash flow in FY 2022 which would calculate to a free cash flow margin of around 10%. Because Twitter already settled its shareholder class action lawsuit in FY 2021, the firm&#39;s free cash flow margins are set to turn positive again in FY 2022.</p><table><tbody><tr><td><p>$ in 000&#39;s</p></td><td><p><b>FY 2018</b></p></td><td><p><b>FY 2019</b></p></td><td><p><b>FY 2020</b></p></td><td><p><b>FY 2021</b></p></td></tr><tr><td><p>Revenues</p></td><td><p>$3,042,359</p></td><td><p>$3,459,329</p></td><td><p>$3,716,349</p></td><td><p>$5,077,482</p></td></tr><tr><td><p>Cash Flow From Operating Activities</p></td><td><p>$1,339,711</p></td><td><p>$1,303,364</p></td><td><p>$992,870</p></td><td><p>$632,689</p></td></tr><tr><td><p>Purchases of PPE</p></td><td><p>-$486,950</p></td><td><p>-$534,530</p></td><td><p>-$864,184</p></td><td><p>-$1,003,084</p></td></tr><tr><td><p>Free Cash Flow</p></td><td><p>$852,761</p></td><td><p>$768,834</p></td><td><p>$128,686</p></td><td><p>-$370,395</p></td></tr><tr><td><p>Free Cash Flow Margin</p></td><td><p>28.0%</p></td><td><p>22.2%</p></td><td><p>3.5%</p></td><td><p>-7.3%</p></td></tr></tbody></table><p>(Source: Author)</p><h2><b>Risks with Twitter</b></h2><p>There are a couple of risks that affect an investment in Twitter. The social media company is growing its user and revenue bases, but there is a risk of new messaging platforms popping up and stealing away users. <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a> (FB) reported its first-ever DAU decline last quarter and the stock reacted sensitively to this announcement. Should Twitter also start to lose users to other platforms, shares of Twitter may be up for a major revaluation.</p><p>Another risk I see is slowing platform revenue and free cash flow growth. Twitter&#39;s revenues soared 22% in the last quarter to $1.57B, but if revenue growth slowed, Twitter&#39;s valuation could come under increasing pressure.</p><h2><b>Final thoughts</b></h2><p>Elon Musk&#39;s engagement with Twitter is a potentially big deal for investors if he turned activist or increased his investment in the social media company.. which I believe is not out of the question. While Tesla&#39;s founder has said that he sees his stake in the micro-blogging platform as a passive investment, it won&#39;t take much for him to get more actively involved in Twitter&#39;s business. Besides Elon Musk&#39;s investment, the best reasons to buy Twitter are possibly the firm&#39;s strongly growing ad business as well as the firm&#39;s material free cash flow ramp that I expect for FY 2022!</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Re-Evaluating Twitter After Massive Elon Musk Buy-In</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRe-Evaluating Twitter After Massive Elon Musk Buy-In\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-05 17:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4499792-reevaluating-twitter-after-elon-musk-buy-in><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>peepo/E+ via Getty ImagesShares of Twitter (NYSE:TWTR) are back in play after billionaire and Tesla founder Elon Musk disclosed a massive 9.2% stake in the micro-blogging platform yesterday. Despite a...</p>\n\n<a href=\"https://seekingalpha.com/article/4499792-reevaluating-twitter-after-elon-musk-buy-in\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4574":"无人驾驶","BK4511":"特斯拉概念","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓","BK4527":"明星科技股","TSLA":"特斯拉","BK4534":"瑞士信贷持仓","BK4550":"红杉资本持仓","BK4581":"高盛持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车"},"source_url":"https://seekingalpha.com/article/4499792-reevaluating-twitter-after-elon-musk-buy-in","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2225585478","content_text":"peepo/E+ via Getty ImagesShares of Twitter (NYSE:TWTR) are back in play after billionaire and Tesla founder Elon Musk disclosed a massive 9.2% stake in the micro-blogging platform yesterday. Despite a large increase in the valuation of Twitter, I believe the firm's commercial growth is still cheap and the risk profile remains heavily skewed to the upside.Data by YChartsPrevious position on TwitterMonths ago, I presented Twitter as a potential investment due to the firm's undervalued ad business, strong user growth and significant free cash flow generation of the platform. While Twitter may be a controversial investment for some, I do not take political sides and have been focused solely on the firm's strong platform metrics, especially with respect to average monetizable daily active usage.Twitter's mDAUs soared to 217M in Q4'21 with growth especially pronounced in the platform's international business. International mDAUs surged 24M in Q4'21, year over year, to a record of 179M. In percentage terms, the international business grew at a 15% year over year rate. While growth is much more modest in the U.S., Twitter is still growing in its domestic market: the micro-blogging platform added 1M new mDAUs to its business in the last quarter, which calculates to a 2% year over year growth rate.TwitterElon Musk's investment in Twitter is a potential game-changer for the micro-blogging platformIt was revealed yesterday that Elon Musk acquired a 9.2% stake in Twitter, sending shares of the platform soaring more than 27%. The Tesla chief acquired 73,486,938 shares in the social media company on March 14. The purchase immediately made Elon Musk the single largest shareholder of Twitter and raised speculation as to how \"passive\" the out-spoken billionaire is going to be. While Elon Musk's ultimate ambition regarding Twitter is not known, the market has been electrified by the acquisition, which could translate to additional valuation gains. Twitter has often been criticized for violating principles of free speech and a more activist role of Elon Musk could result in some positive change on Twitter's platform.Significant free cash flow valueThe acquisition of a 9.2% stake in Twitter has been a strong catalyst for shares of Twitter so far, but the real value of the social media company is its large user base and potential for material advertising revenue and free cash flow growth in the coming years. Twitter's free cash flow margins decreased in FY 2021, but this is chiefly due to higher capital expenditures and a one-time litigation-related net charge of $766M in the third-quarter. If it wasn't for the settlement of a shareholder class action lawsuit, Twitter's free cash flow would have been positive in FY 2021.Twitter's ad business shows a lot of promise as well. The ad business recovered strongly in FY 2021 and total advertising revenues surged 40% year over year to $4.5B. Twitter's ad revenues in the fourth-quarter soared 22% year over year to $1.41B.TwitterI believe Twitter could generate up to $600M in free cash flow in FY 2022 which would calculate to a free cash flow margin of around 10%. Because Twitter already settled its shareholder class action lawsuit in FY 2021, the firm's free cash flow margins are set to turn positive again in FY 2022.$ in 000'sFY 2018FY 2019FY 2020FY 2021Revenues$3,042,359$3,459,329$3,716,349$5,077,482Cash Flow From Operating Activities$1,339,711$1,303,364$992,870$632,689Purchases of PPE-$486,950-$534,530-$864,184-$1,003,084Free Cash Flow$852,761$768,834$128,686-$370,395Free Cash Flow Margin28.0%22.2%3.5%-7.3%(Source: Author)Risks with TwitterThere are a couple of risks that affect an investment in Twitter. The social media company is growing its user and revenue bases, but there is a risk of new messaging platforms popping up and stealing away users. Meta Platforms (FB) reported its first-ever DAU decline last quarter and the stock reacted sensitively to this announcement. Should Twitter also start to lose users to other platforms, shares of Twitter may be up for a major revaluation.Another risk I see is slowing platform revenue and free cash flow growth. Twitter's revenues soared 22% in the last quarter to $1.57B, but if revenue growth slowed, Twitter's valuation could come under increasing pressure.Final thoughtsElon Musk's engagement with Twitter is a potentially big deal for investors if he turned activist or increased his investment in the social media company.. which I believe is not out of the question. While Tesla's founder has said that he sees his stake in the micro-blogging platform as a passive investment, it won't take much for him to get more actively involved in Twitter's business. Besides Elon Musk's investment, the best reasons to buy Twitter are possibly the firm's strongly growing ad business as well as the firm's material free cash flow ramp that I expect for FY 2022!","news_type":1},"isVote":1,"tweetType":1,"viewCount":13,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863602646,"gmtCreate":1632381217085,"gmtModify":1676530768391,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/GREE\">$Greenidge Generation Holdings Inc.(GREE)$</a>&nbsp;hmmm this stock have a chance for rebound?&nbsp;","listText":"<a href=\"https://laohu8.com/S/GREE\">$Greenidge Generation Holdings Inc.(GREE)$</a>&nbsp;hmmm this stock have a chance for rebound?&nbsp;","text":"$Greenidge Generation Holdings Inc.(GREE)$ hmmm this stock have a chance for rebound?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/863602646","isVote":1,"tweetType":1,"viewCount":1097,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4093155757796820","authorId":"4093155757796820","name":"Fattybomx2","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"idStr":"4093155757796820","authorIdStr":"4093155757796820"},"content":"BESPC looking for representative plaintiff for this merger case. Please submit the form thru BESPC -“Support.com” if you have suffer substantial losses from this merger and still holding the shares.","text":"BESPC looking for representative plaintiff for this merger case. Please submit the form thru BESPC -“Support.com” if you have suffer substantial losses from this merger and still holding the shares.","html":"BESPC looking for representative plaintiff for this merger case. Please submit the form thru BESPC -“Support.com” if you have suffer substantial losses from this merger and still holding the shares."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9035133887,"gmtCreate":1647530634040,"gmtModify":1676534241282,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"themes":[],"htmlText":"Yesss","listText":"Yesss","text":"Yesss","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035133887","repostId":"1190406305","repostType":4,"isVote":1,"tweetType":1,"viewCount":210,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9038294714,"gmtCreate":1646835050247,"gmtModify":1676534167896,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"themes":[],"htmlText":"Uppp","listText":"Uppp","text":"Uppp","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038294714","repostId":"1135768538","repostType":4,"repost":{"id":"1135768538","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1646830612,"share":"https://ttm.financial/m/news/1135768538?lang=&edition=fundamental","pubTime":"2022-03-09 20:56","market":"us","language":"en","title":"Pre-Bell｜Nasdaq 100 Futures Rose 2% Led The Rebound; Stitch Fix Tumbled 26.4%","url":"https://stock-news.laohu8.com/highlight/detail?id=1135768538","media":"Tiger Newspress","summary":"U.S. stock index futures jumped on Wednesday after four straight sessions of losses on Wall Street a","content":"<html><head></head><body><p>U.S. stock index futures jumped on Wednesday after four straight sessions of losses on Wall Street as oil prices eased and investors snapped up stocks hammered by concerns over Western sanctions on Russia following its invasion of Ukraine. The tech-heavy Nasdaq 100 futures led the rebound.</p><h2>Market Snapshot</h2><p>At 07:55 a.m. ET, Dow e-minis were up 528 points, or 1.62%, S&amp;P 500 e-minis were up 74 points, or 1.78%, and Nasdaq 100 e-minis were up 289.75 points, or 2.18%.</p><p><img src=\"https://static.tigerbbs.com/807776d3c0d5b59a25d6af5123ce0458\" tg-width=\"326\" tg-height=\"122\" width=\"100%\" height=\"auto\"/></p><h2>Pre-Market Movers</h2><p>Campbell Soup (CPB) – The food producer matched estimates with adjusted quarterly earnings of 69 cents per share, and revenue essentially in line with forecasts as well. Campbell’s adjusted gross margins slid 340 basis points due to cost inflation. It said demand trends are strong and the company maintained its full-year guidance issued in December. Campbell rose 1% in premarket trading.</p><p>Express (EXPR) – The apparel and accessories retailer’s shares rallied 10.5% in the premarket despite a wider-than-expected quarterly loss. Express saw better-than-expected sales and a comparable-store sales increase of 43%, more than double the consensus FactSet estimate.</p><p>Thor Industries (THO) – The recreational vehicle maker saw its shares jump 8.6% in premarket trading after it reported quarterly earnings of $4.79 per share, compared with the $3.39 consensus estimate. Revenue also topped forecasts as the company cut back on discounts and expanded its profit margins.</p><p>Amazon.com (AMZN) – The House Judiciary Committee is asking the Justice Department to start a criminal probe of Amazon, according to people familiar with the matter who spoke to the Wall Street Journal and a letter seen by the paper. The letter accuses Amazon of failing to provide information related to the examination of the company’s competitive practices. Amazon rose 1.5% in premarket action.</p><p>PepsiCo (PEP) – The beverage and snack giant suspended the sale of its soda brands in Russia, although it will continue to sell potato chips and various daily essentials like baby formula. The Wall Street Journal said PepsiCo is currently exploring various options for its Russian unit, including writing off the value of that business.</p><p>Stitch Fix (SFIX) – Stitch Fix tumbled 26.4% in the premarket after it issued weaker-than-expected sales guidance and said it continues to face challenges in getting customers to sign up for its styling service. Stitch Fix matched estimates with a quarterly loss of 28 cents per share, while the clothing styling company’s revenue topped forecasts.</p><p>Bumble (BMBL) – Bumble soared 22% in premarket trading after the dating service operator reported an adjusted quarterly profit of 13 cents per share, beating estimates of a breakeven quarter. the company also forecasts strong 2022 growth.</p><p>Gannett (GCI) – The USA Today publisher misled advertisers about where their website ads were being placed for 9 months, according to research obtained by the Wall Street Journal. Gannett told the Journal it inadvertently provided incorrect information to advertisers and regrets the error. Gannett fell 2% in premarket action.</p><p>XPO Logistics (XPO) – The trucking and transportation company will split off its brokered transportation services unit into a separate company, and plans to divest its European business and its North American intermodal operation. XPO surged 13.3% in the premarket.</p><p>General Electric (GE) – GE shares gained 1.6% in premarket trading after the company’s board of directors authorized a $3 billion share repurchase program.</p><h2>Market News</h2><p>A shareholder is suing Rivian Automotive Inc., alleging the electric-vehicle startup misled investors by failing to disclose it had underpriced its vehicles and would need to raise prices after its market debut.</p><p>Japanese lenders Mitsubishi UFJ Financial Group Inc., Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. are among suitors shortlisted in the bidding of consumer lender Home Credit’s assets in Southeast Asia and India, Grab has also proceeded into the next round.</p><p>U.S. Federal prosecutors and securities regulators are investigating large bets that Barry Diller, Alexander von Furstenberg and David Geffen made on Activision Blizzard Inc shares in January, days before the videogame maker agreed to be acquired by Microsoft Corp , the Wall Street Journal reported on Tuesday.</p><p>Visa Inc. and Mastercard Inc. are preparing to increase the fees that many large merchants pay when they accept consumers’ credit cards.</p><p>China Aviation Lithium Battery Technology Co. plans to file for a Hong Kong initial public offering as early as this week, according to people familiar with the matter.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-Bell｜Nasdaq 100 Futures Rose 2% Led The Rebound; Stitch Fix Tumbled 26.4%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-Bell｜Nasdaq 100 Futures Rose 2% Led The Rebound; Stitch Fix Tumbled 26.4%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-03-09 20:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock index futures jumped on Wednesday after four straight sessions of losses on Wall Street as oil prices eased and investors snapped up stocks hammered by concerns over Western sanctions on Russia following its invasion of Ukraine. The tech-heavy Nasdaq 100 futures led the rebound.</p><h2>Market Snapshot</h2><p>At 07:55 a.m. ET, Dow e-minis were up 528 points, or 1.62%, S&amp;P 500 e-minis were up 74 points, or 1.78%, and Nasdaq 100 e-minis were up 289.75 points, or 2.18%.</p><p><img src=\"https://static.tigerbbs.com/807776d3c0d5b59a25d6af5123ce0458\" tg-width=\"326\" tg-height=\"122\" width=\"100%\" height=\"auto\"/></p><h2>Pre-Market Movers</h2><p>Campbell Soup (CPB) – The food producer matched estimates with adjusted quarterly earnings of 69 cents per share, and revenue essentially in line with forecasts as well. Campbell’s adjusted gross margins slid 340 basis points due to cost inflation. It said demand trends are strong and the company maintained its full-year guidance issued in December. Campbell rose 1% in premarket trading.</p><p>Express (EXPR) – The apparel and accessories retailer’s shares rallied 10.5% in the premarket despite a wider-than-expected quarterly loss. Express saw better-than-expected sales and a comparable-store sales increase of 43%, more than double the consensus FactSet estimate.</p><p>Thor Industries (THO) – The recreational vehicle maker saw its shares jump 8.6% in premarket trading after it reported quarterly earnings of $4.79 per share, compared with the $3.39 consensus estimate. Revenue also topped forecasts as the company cut back on discounts and expanded its profit margins.</p><p>Amazon.com (AMZN) – The House Judiciary Committee is asking the Justice Department to start a criminal probe of Amazon, according to people familiar with the matter who spoke to the Wall Street Journal and a letter seen by the paper. The letter accuses Amazon of failing to provide information related to the examination of the company’s competitive practices. Amazon rose 1.5% in premarket action.</p><p>PepsiCo (PEP) – The beverage and snack giant suspended the sale of its soda brands in Russia, although it will continue to sell potato chips and various daily essentials like baby formula. The Wall Street Journal said PepsiCo is currently exploring various options for its Russian unit, including writing off the value of that business.</p><p>Stitch Fix (SFIX) – Stitch Fix tumbled 26.4% in the premarket after it issued weaker-than-expected sales guidance and said it continues to face challenges in getting customers to sign up for its styling service. Stitch Fix matched estimates with a quarterly loss of 28 cents per share, while the clothing styling company’s revenue topped forecasts.</p><p>Bumble (BMBL) – Bumble soared 22% in premarket trading after the dating service operator reported an adjusted quarterly profit of 13 cents per share, beating estimates of a breakeven quarter. the company also forecasts strong 2022 growth.</p><p>Gannett (GCI) – The USA Today publisher misled advertisers about where their website ads were being placed for 9 months, according to research obtained by the Wall Street Journal. Gannett told the Journal it inadvertently provided incorrect information to advertisers and regrets the error. Gannett fell 2% in premarket action.</p><p>XPO Logistics (XPO) – The trucking and transportation company will split off its brokered transportation services unit into a separate company, and plans to divest its European business and its North American intermodal operation. XPO surged 13.3% in the premarket.</p><p>General Electric (GE) – GE shares gained 1.6% in premarket trading after the company’s board of directors authorized a $3 billion share repurchase program.</p><h2>Market News</h2><p>A shareholder is suing Rivian Automotive Inc., alleging the electric-vehicle startup misled investors by failing to disclose it had underpriced its vehicles and would need to raise prices after its market debut.</p><p>Japanese lenders Mitsubishi UFJ Financial Group Inc., Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. are among suitors shortlisted in the bidding of consumer lender Home Credit’s assets in Southeast Asia and India, Grab has also proceeded into the next round.</p><p>U.S. Federal prosecutors and securities regulators are investigating large bets that Barry Diller, Alexander von Furstenberg and David Geffen made on Activision Blizzard Inc shares in January, days before the videogame maker agreed to be acquired by Microsoft Corp , the Wall Street Journal reported on Tuesday.</p><p>Visa Inc. and Mastercard Inc. are preparing to increase the fees that many large merchants pay when they accept consumers’ credit cards.</p><p>China Aviation Lithium Battery Technology Co. plans to file for a Hong Kong initial public offering as early as this week, according to people familiar with the matter.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135768538","content_text":"U.S. stock index futures jumped on Wednesday after four straight sessions of losses on Wall Street as oil prices eased and investors snapped up stocks hammered by concerns over Western sanctions on Russia following its invasion of Ukraine. The tech-heavy Nasdaq 100 futures led the rebound.Market SnapshotAt 07:55 a.m. ET, Dow e-minis were up 528 points, or 1.62%, S&P 500 e-minis were up 74 points, or 1.78%, and Nasdaq 100 e-minis were up 289.75 points, or 2.18%.Pre-Market MoversCampbell Soup (CPB) – The food producer matched estimates with adjusted quarterly earnings of 69 cents per share, and revenue essentially in line with forecasts as well. Campbell’s adjusted gross margins slid 340 basis points due to cost inflation. It said demand trends are strong and the company maintained its full-year guidance issued in December. Campbell rose 1% in premarket trading.Express (EXPR) – The apparel and accessories retailer’s shares rallied 10.5% in the premarket despite a wider-than-expected quarterly loss. Express saw better-than-expected sales and a comparable-store sales increase of 43%, more than double the consensus FactSet estimate.Thor Industries (THO) – The recreational vehicle maker saw its shares jump 8.6% in premarket trading after it reported quarterly earnings of $4.79 per share, compared with the $3.39 consensus estimate. Revenue also topped forecasts as the company cut back on discounts and expanded its profit margins.Amazon.com (AMZN) – The House Judiciary Committee is asking the Justice Department to start a criminal probe of Amazon, according to people familiar with the matter who spoke to the Wall Street Journal and a letter seen by the paper. The letter accuses Amazon of failing to provide information related to the examination of the company’s competitive practices. Amazon rose 1.5% in premarket action.PepsiCo (PEP) – The beverage and snack giant suspended the sale of its soda brands in Russia, although it will continue to sell potato chips and various daily essentials like baby formula. The Wall Street Journal said PepsiCo is currently exploring various options for its Russian unit, including writing off the value of that business.Stitch Fix (SFIX) – Stitch Fix tumbled 26.4% in the premarket after it issued weaker-than-expected sales guidance and said it continues to face challenges in getting customers to sign up for its styling service. Stitch Fix matched estimates with a quarterly loss of 28 cents per share, while the clothing styling company’s revenue topped forecasts.Bumble (BMBL) – Bumble soared 22% in premarket trading after the dating service operator reported an adjusted quarterly profit of 13 cents per share, beating estimates of a breakeven quarter. the company also forecasts strong 2022 growth.Gannett (GCI) – The USA Today publisher misled advertisers about where their website ads were being placed for 9 months, according to research obtained by the Wall Street Journal. Gannett told the Journal it inadvertently provided incorrect information to advertisers and regrets the error. Gannett fell 2% in premarket action.XPO Logistics (XPO) – The trucking and transportation company will split off its brokered transportation services unit into a separate company, and plans to divest its European business and its North American intermodal operation. XPO surged 13.3% in the premarket.General Electric (GE) – GE shares gained 1.6% in premarket trading after the company’s board of directors authorized a $3 billion share repurchase program.Market NewsA shareholder is suing Rivian Automotive Inc., alleging the electric-vehicle startup misled investors by failing to disclose it had underpriced its vehicles and would need to raise prices after its market debut.Japanese lenders Mitsubishi UFJ Financial Group Inc., Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. are among suitors shortlisted in the bidding of consumer lender Home Credit’s assets in Southeast Asia and India, Grab has also proceeded into the next round.U.S. Federal prosecutors and securities regulators are investigating large bets that Barry Diller, Alexander von Furstenberg and David Geffen made on Activision Blizzard Inc shares in January, days before the videogame maker agreed to be acquired by Microsoft Corp , the Wall Street Journal reported on Tuesday.Visa Inc. and Mastercard Inc. are preparing to increase the fees that many large merchants pay when they accept consumers’ credit cards.China Aviation Lithium Battery Technology Co. plans to file for a Hong Kong initial public offering as early as this week, according to people familiar with the matter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":86,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881300884,"gmtCreate":1631288339948,"gmtModify":1676530522007,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SPRT\">$Support.com(SPRT)$</a>&nbsp;Shortist making retailers like us to paper hand. HOLD YOUR HORSES. above $28 will break the resistance and fly higher&nbsp;","listText":"<a href=\"https://laohu8.com/S/SPRT\">$Support.com(SPRT)$</a>&nbsp;Shortist making retailers like us to paper hand. HOLD YOUR HORSES. above $28 will break the resistance and fly higher&nbsp;","text":"$Support.com(SPRT)$ Shortist making retailers like us to paper hand. HOLD YOUR HORSES. above $28 will break the resistance and fly higher","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/881300884","isVote":1,"tweetType":1,"viewCount":72,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}