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莫莫笑看风云

2021-06-30

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@红胖子Aaron:金融模型表明WISH被嚴重低估保守估計至少46美元

莫莫笑看风云

2021-06-11

$Histogenics Corporation(OCGN)$--HC Wainwright Adjusts Ocugen's Price Target to $10 From $12, Maintains Buy Rating

莫莫笑看风云

2021-04-09

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莫莫笑看风云

2021-04-08

Very good

Record of Huang Guangyu's Telephone Conference: No one can kill anyone with Pinduoduo

莫莫笑看风云

2021-04-08

Good

Outside Headlines: The Federal Reserve reiterates its easing stance, and it still takes time for the economy to make substantial progress

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保守估計至少46美元","htmlText":"就在昨天美股全線收漲的大環境下，<a target=\"_blank\" href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>&nbsp;“暴跌”了近7個百分點。一部分投機者失望地割肉離場，而堅定的信仰者則認爲，這是該股連續漲了四周後的健康回調。昨天，一篇由Monplanet Capital Management 發表於Seeking Alpha的文章，在海外 WISH 投資者中被大量轉載。該文的作者使用 DCF (現金流量貼現法) ，專業的金融模型，發現 WISH 當前的股價被嚴重低估。除此之外，作者保守估計，WISH 的股價至少價值46美元。紅胖子Aaron第一時間整理翻譯了該文，爲 WISH 戰友們穩定軍心。該文的圖片，數據均有資料來源，因此譯者沒有二次求證其真實性，讀者做投資決策時請謹慎參考。全文翻譯如下：概要 WISH 是一個全球電子商務網站，每月連接近 1 億活躍用戶和近 550,000 家商戶 WISH 比 eBay 或 MercadoLibre 更關注客戶的體驗 我獲得了 8600 萬至 5.64 億美元的營業現金流（CFO）和 6800 萬至 5.32 億美元的自由現金流;請注意，其他分析師預計 2022 年的自由現金流爲正 競爭對手的 CFO/銷售額爲 4%-32%。我決定從 2021 年到 2025 年使用 3%-10% 的比例 假設總流動性爲 18 億美元，我得到的股票估值爲 86.6 億美元，這意味着WISH的股價應爲 46 美元 ContextLogic（納斯達克股票代碼：WISH）手頭有大量現金，該公司正在進行大規模的營銷和用戶體驗方面投資。考慮到這些事實，WISH 很可能在未來五年內實現可觀的銷售增長和正的自由現金流。非常保守假設的貼現現金流模型揭示了股價的巨大上漲潛力。請注","listText":"就在昨天美股全線收漲的大環境下，<a target=\"_blank\" href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>&nbsp;“暴跌”了近7個百分點。一部分投機者失望地割肉離場，而堅定的信仰者則認爲，這是該股連續漲了四周後的健康回調。昨天，一篇由Monplanet Capital Management 發表於Seeking Alpha的文章，在海外 WISH 投資者中被大量轉載。該文的作者使用 DCF (現金流量貼現法) ，專業的金融模型，發現 WISH 當前的股價被嚴重低估。除此之外，作者保守估計，WISH 的股價至少價值46美元。紅胖子Aaron第一時間整理翻譯了該文，爲 WISH 戰友們穩定軍心。該文的圖片，數據均有資料來源，因此譯者沒有二次求證其真實性，讀者做投資決策時請謹慎參考。全文翻譯如下：概要 WISH 是一個全球電子商務網站，每月連接近 1 億活躍用戶和近 550,000 家商戶 WISH 比 eBay 或 MercadoLibre 更關注客戶的體驗 我獲得了 8600 萬至 5.64 億美元的營業現金流（CFO）和 6800 萬至 5.32 億美元的自由現金流;請注意，其他分析師預計 2022 年的自由現金流爲正 競爭對手的 CFO/銷售額爲 4%-32%。我決定從 2021 年到 2025 年使用 3%-10% 的比例 假設總流動性爲 18 億美元，我得到的股票估值爲 86.6 億美元，這意味着WISH的股價應爲 46 美元 ContextLogic（納斯達克股票代碼：WISH）手頭有大量現金，該公司正在進行大規模的營銷和用戶體驗方面投資。考慮到這些事實，WISH 很可能在未來五年內實現可觀的銷售增長和正的自由現金流。非常保守假設的貼現現金流模型揭示了股價的巨大上漲潛力。請注","text":"就在昨天美股全線收漲的大環境下，$ContextLogic Inc.(WISH)$ “暴跌”了近7個百分點。一部分投機者失望地割肉離場，而堅定的信仰者則認爲，這是該股連續漲了四周後的健康回調。昨天，一篇由Monplanet Capital Management 發表於Seeking Alpha的文章，在海外 WISH 投資者中被大量轉載。該文的作者使用 DCF (現金流量貼現法) ，專業的金融模型，發現 WISH 當前的股價被嚴重低估。除此之外，作者保守估計，WISH 的股價至少價值46美元。紅胖子Aaron第一時間整理翻譯了該文，爲 WISH 戰友們穩定軍心。該文的圖片，數據均有資料來源，因此譯者沒有二次求證其真實性，讀者做投資決策時請謹慎參考。全文翻譯如下：概要 WISH 是一個全球電子商務網站，每月連接近 1 億活躍用戶和近 550,000 家商戶 WISH 比 eBay 或 MercadoLibre 更關注客戶的體驗 我獲得了 8600 萬至 5.64 億美元的營業現金流（CFO）和 6800 萬至 5.32 億美元的自由現金流;請注意，其他分析師預計 2022 年的自由現金流爲正 競爭對手的 CFO/銷售額爲 4%-32%。我決定從 2021 年到 2025 年使用 3%-10% 的比例 假設總流動性爲 18 億美元，我得到的股票估值爲 86.6 億美元，這意味着WISH的股價應爲 46 美元 ContextLogic（納斯達克股票代碼：WISH）手頭有大量現金，該公司正在進行大規模的營銷和用戶體驗方面投資。考慮到這些事實，WISH 很可能在未來五年內實現可觀的銷售增長和正的自由現金流。非常保守假設的貼現現金流模型揭示了股價的巨大上漲潛力。請注","images":[{"img":"https://static.tigerbbs.com/4c0c7cac3ee3253c33f28b817d1437d8","width":"1218","height":"751"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153671068","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":14,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188028517,"gmtCreate":1623417211139,"gmtModify":1704203043300,"author":{"id":"3554372296843481","authorId":"3554372296843481","name":"莫莫笑看风云","avatar":"https://static.tigerbbs.com/f3071680b6e770a83616ad335d271dae","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554372296843481","authorIdStr":"3554372296843481"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics Corporation(OCGN)$</a>--HC Wainwright Adjusts Ocugen's Price Target to $10 From $12, Maintains Buy Rating","listText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics Corporation(OCGN)$</a>--HC Wainwright Adjusts Ocugen's Price Target to $10 From $12, Maintains Buy Rating","text":"$Histogenics Corporation(OCGN)$--HC Wainwright Adjusts Ocugen's Price Target to $10 From $12, Maintains Buy Rating","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/188028517","isVote":1,"tweetType":1,"viewCount":3045,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3581759532939362","authorId":"3581759532939362","name":"Jinyyy","avatar":"https://community-static.tradeup.com/news/54d2483c31478635ca74079efdab6f65","crmLevel":12,"crmLevelSwitch":1,"idStr":"3581759532939362","authorIdStr":"3581759532939362"},"content":"Is $12 to 10 but still Maintain buy 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each other ~","text":"Evaluate each other ~","html":"Evaluate each other ~"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341249316,"gmtCreate":1617836521635,"gmtModify":1704703653504,"author":{"id":"3554372296843481","authorId":"3554372296843481","name":"莫莫笑看风云","avatar":"https://static.tigerbbs.com/f3071680b6e770a83616ad335d271dae","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554372296843481","authorIdStr":"3554372296843481"},"themes":[],"htmlText":"Very good","listText":"Very good","text":"Very good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341249316","repostId":"1150094003","repostType":4,"repost":{"id":"1150094003","kind":"news","weMediaInfo":{"introduction":"解密财经，透视真相。为您传递第一手新鲜财经深度报道。","home_visible":1,"media_name":"棱镜","id":"91","head_image":"https://static.tigerbbs.com/ea46042fac2240098d9d976e6d67d6a8"},"pubTimestamp":1617808333,"share":"https://ttm.financial/m/news/1150094003?lang=en_US&edition=fundamental","pubTime":"2021-04-07 23:12","market":"hk","language":"zh","title":"Record of Huang Guangyu's Telephone Conference: No one can kill anyone with Pinduoduo","url":"https://stock-news.laohu8.com/highlight/detail?id=1150094003","media":"棱镜","summary":"4月7日晚上7点，国美零售举行了全球投资人电话会议，公司创始人黄光裕与首席财务官方巍、企业发展与投资者关系总监张景行一起出席了会议。这也是黄光裕出狱后，首次出席公开会议。方巍首先披露了几个关键经营数字","content":"<p>On April 7th, at 7 p.m.,<a href=\"https://laohu8.com/S/00493\">GOME Retail</a>A global investor conference call was held, which was attended by the company's founder, Huang Guangyu, along with Chief Financial Officer, Wei Wei, and Director of Corporate Development and Investor Relations, Zhang Jingxing. This is also the first time Huang Guangyu has attended a public meeting since he was released from prison.</p><p><b>Fang Wei first disclosed several key operating figures and strategic expectations:</b></p><p>1. At present, there are more than 3,400 offline stores in Gome. In the future, Gome plans to expand its stores to more than 6,000 in the mode of \"self-operated + franchise\" within 18 months.</p><p>Second, since the first quarter of this year, the GMV of Gome's online platform \"True Happiness\" APP has increased nearly four times year-on-year, with about 40 million monthly active users. In the next 18 months, Gome hopes to drain from offline to online, and achieve more than 100 million monthly active users.</p><p>Third, at this stage, Gome mainly promotes seven categories of commodity procurement platforms, such as home appliances, food and drinks, clothing, shoes and bags, home improvement, daily necessities, maternal and baby toys, beauty and personal care, and strives to exceed 500,000 SKUs within 18 months (home appliances have expanded from 3W to 10W, and non-home appliances have expanded from 7W to 40W).</p><p>Fourth, on the supply chain platform side, non-home appliances accounted for 10% of Gome's sales in 2020, and 90% were home appliances. The proportion of non-home appliance sales is planned to increase to 30% in 2021.</p><p>Subsequently, investors and brokerage representatives asked questions to Gome's management, and Huang Guangyu answered the questions accordingly. The author summarizes and sorts out Huang Guangyu's core views.</p><p><b>Question 1:</b>An overall view of the current development of the traditional retail industry?</p><p><b>Huang Guangyu:</b>Regardless of consumption upgrading or internal circulation, the retail market has a lot of room for future growth. Gome expanded from electrical appliances category to all categories, and at the same time carried out offline empowerment. Gome has lost a lot of opportunities and time on this road, and has learned a lot, with successes and failures.<b>After several months of research, Gome will expand its supply chain in the future. Combined with online platform and entertainment mode, it is expected to achieve the set goal in the next 18 months.</b></p><p><b>Question 2:</b>How to understand the development path, entertainment marketing and operation of True Happy APP?</p><p><b>Huang Guangyu:</b>Happy will start with standardized products offline, and then guide merchants to display the experience. In the future, the traditional e-commerce display platform mode will encounter bottlenecks. Although the experience of live broadcast and short video mode is better, it will soon be homogenized. Real entertainment marketing is to let everyone participate, combine the existing e-commerce model with entertainment marketing to bring goods, and then develop service and low price as the basic ability of the bottom layer. Gome will stand on the C-end, make requests to merchants, serve consumers, and sell goods jointly with merchants.</p><p><b>Question 3:</b>Does Gome's offline layout have enough resources to support it in the future? What is the profitability model?</p><p><b>Huang Guangyu:</b>Gome stores will be divided into self-operated and franchised, adopting the asset-light mode. In the future, it will adopt the mode of direct operation system and offline platform combined with investment leasing plus commission, and the operating pressure will be relatively small. In the future, offline is expected to drain about 100 million online. At the same time, it will also solve the problem of declining operating performance of many offline stores and establish community marketing. Gome will cooperate with more professional institutions to take low price, on-time delivery, entertainment marketing and high-quality service as its core advantages.</p><p><b>Question 4:</b>How will Gome expand from home appliances to all categories?</p><p><b>Huang Guangyu:</b>We will divide the supply chain into three parts: investment promotion, self-operation and customization. Through the separation mode of online and offline platforms, enhancing the competitiveness of the platform is not entirely supported by its own supply chain.</p><p>Like<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>、<a href=\"https://laohu8.com/S/JD\">Jingdong</a>Tmall,<a href=\"https://laohu8.com/S/DYIN\">TikTok</a>Just like opening a shop,<b>We will also co-build and output the supply chain, or expand the channels by jointly founding companies.</b>At the purchasing end, everyone can jointly explore the ability of self-procurement and customization.<b>We have set up a professional team and will continue to recruit professionals to join in the society. In the future, equity cooperation may also be liberalized to enhance supply chain capabilities.</b></p><p><b>Question 5:</b>How to understand the competitive partnership with Pinduoduo and JD.COM?</p><p><b>Huang Guangyu:</b>Our mindset and strategy are open, and no one can destroy anyone. As long as the business path and strategy are right, whoever restricts anyone is temporary. Under this premise, we do not rule out cooperation with any party. We regard them (Pinduoduo and JD.COM) as mature sales platforms, and we can go to them to sell and drain traffic; They also cooperate with us with an open mind.</p><p>They have the advantage of scale, and they have encountered bottlenecks and shortcomings until now. In the future, the most important competition in the retail industry is<a href=\"https://laohu8.com/S/300959\">Online and offline</a>Whether there are advantages in supply chain and distribution, and whether it can form a closed loop, there are differences in marketing, experience and positioning.</p><p>Gome is engaged in entertainment marketing. Our model is not only to bring goods, but also to drive more people to participate, share in the entertainment process, think of playing when buying goods, and experience it nearby in stores, not just for cheapness, which will become the reason for consumers to put APPs on their mobile phones.</p><p><b>Question 6:</b>At present, the debt ratio of Gome is high. How to plan the future debt reduction plan?</p><p><b>Huang Guangyu: I am really happy that I may lose some money next, and the input cost will be higher than the income. Gome will try to make positive cash flow as much as possible in the future.</b>After accurate online and offline positioning, offline stores are likely to be profitable,<b>It is hoped that the profit of the store will exceed 800 million this year.</b></p><p>The procurement and sales of Gome's supply chain platform pay attention to small profits but quick turnover, high market share and fast capital turnover, and this piece also strives to achieve positive returns. From the perspective of debt ratio, there should not be too much in the future. While building the network, we will also increase some assets and capital to reduce the debt ratio. In recent years, the loss-to-debt ratio is relatively high, and we will solve it as soon as possible.</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>Record of Huang Guangyu's Telephone Conference: No one can kill anyone with Pinduoduo</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nRecord of Huang Guangyu's Telephone Conference: No one can kill anyone with Pinduoduo\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/91\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/ea46042fac2240098d9d976e6d67d6a8);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">棱镜 </p>\n<p class=\"h-time smaller\">2021-04-07 23:12</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On April 7th, at 7 p.m.,<a href=\"https://laohu8.com/S/00493\">GOME Retail</a>A global investor conference call was held, which was attended by the company's founder, Huang Guangyu, along with Chief Financial Officer, Wei Wei, and Director of Corporate Development and Investor Relations, Zhang Jingxing. This is also the first time Huang Guangyu has attended a public meeting since he was released from prison.</p><p><b>Fang Wei first disclosed several key operating figures and strategic expectations:</b></p><p>1. At present, there are more than 3,400 offline stores in Gome. In the future, Gome plans to expand its stores to more than 6,000 in the mode of \"self-operated + franchise\" within 18 months.</p><p>Second, since the first quarter of this year, the GMV of Gome's online platform \"True Happiness\" APP has increased nearly four times year-on-year, with about 40 million monthly active users. In the next 18 months, Gome hopes to drain from offline to online, and achieve more than 100 million monthly active users.</p><p>Third, at this stage, Gome mainly promotes seven categories of commodity procurement platforms, such as home appliances, food and drinks, clothing, shoes and bags, home improvement, daily necessities, maternal and baby toys, beauty and personal care, and strives to exceed 500,000 SKUs within 18 months (home appliances have expanded from 3W to 10W, and non-home appliances have expanded from 7W to 40W).</p><p>Fourth, on the supply chain platform side, non-home appliances accounted for 10% of Gome's sales in 2020, and 90% were home appliances. The proportion of non-home appliance sales is planned to increase to 30% in 2021.</p><p>Subsequently, investors and brokerage representatives asked questions to Gome's management, and Huang Guangyu answered the questions accordingly. The author summarizes and sorts out Huang Guangyu's core views.</p><p><b>Question 1:</b>An overall view of the current development of the traditional retail industry?</p><p><b>Huang Guangyu:</b>Regardless of consumption upgrading or internal circulation, the retail market has a lot of room for future growth. Gome expanded from electrical appliances category to all categories, and at the same time carried out offline empowerment. Gome has lost a lot of opportunities and time on this road, and has learned a lot, with successes and failures.<b>After several months of research, Gome will expand its supply chain in the future. Combined with online platform and entertainment mode, it is expected to achieve the set goal in the next 18 months.</b></p><p><b>Question 2:</b>How to understand the development path, entertainment marketing and operation of True Happy APP?</p><p><b>Huang Guangyu:</b>Happy will start with standardized products offline, and then guide merchants to display the experience. In the future, the traditional e-commerce display platform mode will encounter bottlenecks. Although the experience of live broadcast and short video mode is better, it will soon be homogenized. Real entertainment marketing is to let everyone participate, combine the existing e-commerce model with entertainment marketing to bring goods, and then develop service and low price as the basic ability of the bottom layer. Gome will stand on the C-end, make requests to merchants, serve consumers, and sell goods jointly with merchants.</p><p><b>Question 3:</b>Does Gome's offline layout have enough resources to support it in the future? What is the profitability model?</p><p><b>Huang Guangyu:</b>Gome stores will be divided into self-operated and franchised, adopting the asset-light mode. In the future, it will adopt the mode of direct operation system and offline platform combined with investment leasing plus commission, and the operating pressure will be relatively small. In the future, offline is expected to drain about 100 million online. At the same time, it will also solve the problem of declining operating performance of many offline stores and establish community marketing. Gome will cooperate with more professional institutions to take low price, on-time delivery, entertainment marketing and high-quality service as its core advantages.</p><p><b>Question 4:</b>How will Gome expand from home appliances to all categories?</p><p><b>Huang Guangyu:</b>We will divide the supply chain into three parts: investment promotion, self-operation and customization. Through the separation mode of online and offline platforms, enhancing the competitiveness of the platform is not entirely supported by its own supply chain.</p><p>Like<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>、<a href=\"https://laohu8.com/S/JD\">Jingdong</a>Tmall,<a href=\"https://laohu8.com/S/DYIN\">TikTok</a>Just like opening a shop,<b>We will also co-build and output the supply chain, or expand the channels by jointly founding companies.</b>At the purchasing end, everyone can jointly explore the ability of self-procurement and customization.<b>We have set up a professional team and will continue to recruit professionals to join in the society. In the future, equity cooperation may also be liberalized to enhance supply chain capabilities.</b></p><p><b>Question 5:</b>How to understand the competitive partnership with Pinduoduo and JD.COM?</p><p><b>Huang Guangyu:</b>Our mindset and strategy are open, and no one can destroy anyone. As long as the business path and strategy are right, whoever restricts anyone is temporary. Under this premise, we do not rule out cooperation with any party. We regard them (Pinduoduo and JD.COM) as mature sales platforms, and we can go to them to sell and drain traffic; They also cooperate with us with an open mind.</p><p>They have the advantage of scale, and they have encountered bottlenecks and shortcomings until now. In the future, the most important competition in the retail industry is<a href=\"https://laohu8.com/S/300959\">Online and offline</a>Whether there are advantages in supply chain and distribution, and whether it can form a closed loop, there are differences in marketing, experience and positioning.</p><p>Gome is engaged in entertainment marketing. Our model is not only to bring goods, but also to drive more people to participate, share in the entertainment process, think of playing when buying goods, and experience it nearby in stores, not just for cheapness, which will become the reason for consumers to put APPs on their mobile phones.</p><p><b>Question 6:</b>At present, the debt ratio of Gome is high. How to plan the future debt reduction plan?</p><p><b>Huang Guangyu: I am really happy that I may lose some money next, and the input cost will be higher than the income. Gome will try to make positive cash flow as much as possible in the future.</b>After accurate online and offline positioning, offline stores are likely to be profitable,<b>It is hoped that the profit of the store will exceed 800 million this year.</b></p><p>The procurement and sales of Gome's supply chain platform pay attention to small profits but quick turnover, high market share and fast capital turnover, and this piece also strives to achieve positive returns. From the perspective of debt ratio, there should not be too much in the future. While building the network, we will also increase some assets and capital to reduce the debt ratio. In recent years, the loss-to-debt ratio is relatively high, and we will solve it as soon as possible.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/21203eb659b73d0c274e40c998fadb8e","relate_stocks":{"00493":"国美零售"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150094003","content_text":"4月7日晚上7点，国美零售举行了全球投资人电话会议，公司创始人黄光裕与首席财务官方巍、企业发展与投资者关系总监张景行一起出席了会议。这也是黄光裕出狱后，首次出席公开会议。方巍首先披露了几个关键经营数字及战略预期：一、目前国美线下有3400多家门店，未来国美计划在18个月内，以“自营+加盟”的模式，将门店扩张到6000家以上。二、今年1季度以来，国美线上平台“真快乐”APP的GMV同比增长近4倍，月活用户为4千万左右。未来18个月内，国美希望通过线下向线上引流，实现月活用户1亿以上。三、现阶段国美主推家电、食品酒水、服饰鞋包、家居家装、日用百货、母婴玩具、美妆个护等七大类目商品采购平台，力争18个月内SKU数量突破50万（家电类从3W拓展到10W，非家电从7W拓展到40W）。四、在供应链平台端，国美2020年销售中非家电占比10%，90%为家电。2021年计划非家电销售占比增长到30%。随后，投资人及券商代表向国美管理层提问，黄光裕对问题做了相应解答。作者对黄光裕的核心观点进行了归纳整理。问题1：对目前传统零售行业发展的整体看法？黄光裕：不论从消费升级还是内循环，零售市场未来增长空间很大。国美从电器品类拓展到全品类，同时进行了线下赋能。国美在这条路上丢失了很多机会和时间，也学习到了很多，有成有败。国美经过几个月的研究，未来将进行供应链拓展，结合线上平台、娱乐化模式，有望在未来18个月内实现既定目标。问题2：真快乐APP的发展路径、娱乐化营销和运营如何理解？黄光裕：真快乐会在线下从标准化产品入手，进而引导商家进行展示体验。未来传统电商展示平台模式会遇到瓶颈，直播、短视频模式体验虽然更好，但很快也会同质化。真正的娱乐化营销是让大家参与进来，用现有的电商模式和娱乐化营销结合起来带货，再将服务和低价作为底层的基本能力来发展。国美会站在C端，向商家提出要求，服务于消费者，跟商家联合卖货。问题3：国美的线下布局未来是否有足够资源支撑？盈利模型是什么？黄光裕：国美门店会分为自营和加盟两种，采取轻资产模式进行。未来将采取直营体系、线下平台结合招商租赁加提成的模式，经营压力相对较小。未来线下有望给线上引流1亿左右。同时这也将解决许多线下门店经营业绩下滑的问题，并建立起社群营销。国美将与更多专业机构合作，将低价、准时配送、娱乐化营销、高品质服务作为核心优势。问题4：国美将如何从家电拓展到全品类？黄光裕：供应链部分我们将分为三块：招商，自营，定制。通过线上、线下平台分离的模式，提升平台竞争力，并不全靠自有供应链来支撑。像拼多多、京东、天猫、抖音开店一样，我们也会做供应链的共建输出，或者通过联合创建公司来拓展途径。在进货端，大家可以共同挖掘自采和定制能力。我们已经组建了专业团队，会继续在社会上招揽专业人才加盟。未来也可能放开股权合作，增强供应链能力。问题5：与拼多多、京东的竞争合作关系如何理解？黄光裕：我们的心态和战略是开放的，谁也灭不了谁。只要经营路径和战略对，谁制约谁都是暂时的。在此前提下，我们不排除和任何一方合作。我们把他们（拼多多和京东）视为成熟的销售平台，我们可以到他们那里去销售、去引流；他们也以开放的心态跟我们合作。他们有规模优势，发展到现在也遇到了瓶颈和短板。未来大家在零售业上最重要比拼的是线上线下、供应链、配送是否有优势，能否形成闭环，在营销、体验、定位有所差异化。国美做娱乐化营销，我们的模式不仅仅是带货，而是希望带动更多人参与，在娱乐过程里进行分享，买货时想到玩，在门店就近体验，不只是为了便宜，这将会成为消费者把APP存在手机上的理由。问题6：国美目前负债率较高，未来减债计划如何规划？黄光裕：真快乐接下来可能会亏一些钱，投入成本会比收入高。国美未来尽可能做到现金流为正。通过线上线下精准定位后，线下门店有可能盈利，希望今年门店部分盈利能够突破8亿。国美供应链平台采销讲究薄利多销、市场份额高、资金周转快，这一块也争取实现收益正向。从负债率看，未来应该不会太多。我们在构建网络的同时也会增加一些资产，增加资本金来减少负债率。这几年的亏损负债率比较高，我们会尽快解决。","news_type":1,"symbols_score_info":{"00493":0.9}},"isVote":1,"tweetType":1,"viewCount":984,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341249039,"gmtCreate":1617836504421,"gmtModify":1704703653178,"author":{"id":"3554372296843481","authorId":"3554372296843481","name":"莫莫笑看风云","avatar":"https://static.tigerbbs.com/f3071680b6e770a83616ad335d271dae","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554372296843481","authorIdStr":"3554372296843481"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/341249039","repostId":"2125729955","repostType":4,"repost":{"id":"2125729955","kind":"news","pubTimestamp":1617831583,"share":"https://ttm.financial/m/news/2125729955?lang=en_US&edition=fundamental","pubTime":"2021-04-08 05:39","market":"hk","language":"zh","title":"Outside Headlines: The Federal Reserve reiterates its easing stance, and it still takes time for the economy to make substantial progress","url":"https://stock-news.laohu8.com/highlight/detail?id=2125729955","media":"新浪财经","summary":"美联储纪要：经济有实质性进展仍需时日 购债步伐不太可能很快改变北京时间周四凌晨，美国联邦公开市场委员会公布3月货币政策会议纪要。美联储官员们认为，取得实质性进展还需要一段时间，经济和就业“远低于”预期水平。纪要显示，与会者一致认为，尽管美国经济有所好转，但仍远未达到美联储的目标。新冠疫情危机的不确定性给经济带来下行风险，未来的道路仍然高度不确定。","content":"<p><b>The headlines that the global financial media paid common attention to last night and this morning mainly include:</b></p><p><b>1. U.S. trade deficit widened to a record $71.1 billion in February</b><b>2. Biden's tax plan will bring $2 trillion in corporate overseas profits back to the United States</b><b>3. Federal Reserve Minutes: It will still take time for the economy to make substantial progress. The pace of bond purchases is unlikely to change soon</b><b>4. U.S. Securities and Exchange Commission officials warned about the SPAC listing boom</b><b>5. Fed official Kaplan: Expect inflation to exceed 2.5% and then fall back</b><b>6. The EU and UK drug regulatory authorities said<a href=\"https://laohu8.com/S/AZN\">AstraZeneca</a>Covid vaccine and blood clots 'may be linked'</b><img src=\"http://k.sinaimg.cn/n/finance/transform/52/w550h302/20210408/4222-knipfsf2663158.jpg/w720fin.jpg\" tg-width=\"550\" tg-height=\"302\" referrerpolicy=\"no-referrer\"></p><p><b>U.S. trade deficit widens to a record $71.1 billion in February</b></p><p>The U.S. trade deficit widened to record levels in February as solid household and business demand kept imports continuing to outpace exports.</p><p>The trade deficit in goods and services was $71.1 billion in February, up from a revised $67.8 billion in January, according to Commerce Department data released Wednesday. Economists' median forecast for a trade deficit in February was $70.5 billion.</p><p>Frigid weather in February affected trade in both directions, but exports fell more than imports.</p><p>The U.S. monthly trade deficit has been widening month by month since it reached its lowest level in more than 3 years in February 2020. The influx of imported goods into U.S. ports, causing a shortage of containers, has not only inflated freight rates but also left domestic producers on edge amid low inventories.</p><p>A beached giant container ship blocked the Suez Canal for days in late March, forcing shipping companies to consider time-consuming and expensive bypasses to Africa, putting global supply chains to the test.</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/58/w550h308/20210407/2813-knipfse9455844.jpg/w720fin.jpg\" tg-width=\"550\" tg-height=\"308\" referrerpolicy=\"no-referrer\"></p><p><b>Biden Tax Plan Will Bring $2 Trillion in Corporate Overseas Profits Back to America</b></p><p>U.S. Treasury Secretary Janet Yellen has unveiled detailed selling points for the Biden administration's proposed new corporate tax law. She said the plan, which is fairer for all Americans, would eliminate the incentive for companies to shift investments and profits overseas and raise more money to meet critical needs at home.</p><p>The Treasury Department has elaborated on proposals on taxes in President Joe Biden's $2.25 trillion economic plan, saying that through these changes, about $2 trillion in corporate profits would be brought back to the U.S. tax network over a decade, of which measures to stop businesses from having an incentive to transfer profits overseas would bring about $700 billion in federal revenue.</p><p>In all, the tax reform will bring about $2.5 trillion in additional tax revenue over 15 years, which can support an eight-year fiscal spending plan aimed at infrastructure, green investment and social welfare.</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/55/w550h305/20201106/1906-kcpxnwv7114163.jpg/w720fin.jpg\" tg-width=\"550\" tg-height=\"305\" referrerpolicy=\"no-referrer\"></p><p><b>Fed minutes: It still takes time for the economy to make substantial progress The pace of bond purchases is unlikely to change soon</b></p><p>In the early morning of Thursday, Beijing time, the Federal Open Market Committee (FOMC) released the minutes of the March monetary policy meeting. The pace of asset purchases is unlikely to change anytime soon while the Fed pursues its economic goals, the minutes show.</p><p>Fed officials believe it will be some time before substantial progress is made, with the economy and employment \"well below\" expectations. While officials see substantial economic growth, they see more progress needed before the ultra-loose policy changes.</p><p>The minutes show that participants agreed that despite the improvement in the U.S. economy, it was still far from meeting the Fed's target. The uncertainty of the COVID crisis poses downside risks to the economy and the path ahead remains highly uncertain. Given these risks, the current monetary policy stance remains appropriate to facilitate further recovery.</p><p>Many participants noted that changes in policy paths should be primarily based on outcomes, not projections. Officials believe that there is no need to frequently calibrate the FOMC's forward guidance.</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/59/w550h309/20191212/908f-ikrsesr8555707.jpg/w720fin.jpg\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p><p><b>SEC Officials Warn Against SPAC Listing Boom</b></p><p>A Securities and Exchange Commission (SEC) official has warned of \"some significant but undiscovered\" issues with special purpose acquisition companies (SPACs).</p><p>Commenting Wednesday at a legal meeting, SEC official John Coates said the issues \"will not be prevented in any way, a mechanism that is relatively imperfect, even though they have been around for some time.\"</p><p>It was previously reported that the SEC had opened an investigation into Wall Street's frenzy of bad-check company takeovers and sought information on how underwriters managed the associated risks. The SEC sent letters to Wall Street banks asking for information on their SPAC transactions, the sources said.</p><p>SPACs are publicly traded shell companies that raise money to acquire a private company with the goal of getting it public, allowing those target companies to avoid traditional initial public offerings (IPOs).</p><p>The SEC last month issued a warning about celebrity-backed SPACs, urging investors to think twice.</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/34/w534h300/20210408/1efa-knipfsf2667298.jpg/w720fin.jpg\" tg-width=\"534\" tg-height=\"300\" referrerpolicy=\"no-referrer\"></p><p><b>Fed official Kaplan: Expect inflation to exceed 2.5% and then fall back</b></p><p>Robert Kaplan, president of the US Dallas Fed, expects the economy to rebound strongly this year, while inflation may \"well exceed\" 2.5% before falling back.</p><p>\"The Dallas Fed expects U.S. GDP growth of about 6.5% in 2021,\" Kaplan said. Kaplan attended by<a href=\"https://laohu8.com/S/UBS\">UBS</a>Make comments when hosting an online event for central bank experts.</p><p>He said, \"If this forecast is achieved, we think the unemployment rate will trend downward throughout the year, approaching 4% by the end of the year\".</p><p>Kaplan said, \"We do think that inflation will rise significantly during the year, especially as we enter the summer of 2021, inflation may rise by far more than 2.5% year-on-year\".</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/59/w550h309/20210407/3e29-knipfsf2417574.png/w720fin.jpg\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p><p><b>EU and UK drug regulators say AstraZeneca's COVID-19 vaccine is \"possibly related\" to blood clots</b></p><p>Both UK and EU drug regulators said that the AstraZeneca COVID-19 vaccine may be linked to a rare brain blood clot, and then the UK recommended not to use the AstraZeneca vaccine for people under 30.</p><p>Prior to the regulator's assessment, there were increasing reports of side effects after receiving the AstraZeneca vaccine. Nevertheless, both UK and EU regulators agree that the benefits of the vaccine still outweigh the risks.</p><p>The European Medicines Agency (EMA) said on Wednesday that \"abnormal blood clots accompanied by low platelet counts should be listed as a\" very rare side effect \"of the AstraZeneca COVID vaccine. Britain recommends providing other available vaccines to people under 30 instead of AstraZeneca.</p><p>The latest warning from the EMA could put more headwinds on follow-up vaccinations at a time when the sluggish EU vaccination effort is just starting to accelerate. EU health officials will meet tonight to discuss how to use the AstraZeneca vaccine next.</p>","source":"sina_symbol","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>Outside Headlines: The Federal Reserve reiterates its easing stance, and it still takes time for the economy to make substantial progress</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nOutside Headlines: The Federal Reserve reiterates its easing stance, and it still takes time for the economy to make substantial progress\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经</strong><span class=\"h-time small\">2021-04-08 05:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>The headlines that the global financial media paid common attention to last night and this morning mainly include:</b></p><p><b>1. U.S. trade deficit widened to a record $71.1 billion in February</b><b>2. Biden's tax plan will bring $2 trillion in corporate overseas profits back to the United States</b><b>3. Federal Reserve Minutes: It will still take time for the economy to make substantial progress. The pace of bond purchases is unlikely to change soon</b><b>4. U.S. Securities and Exchange Commission officials warned about the SPAC listing boom</b><b>5. Fed official Kaplan: Expect inflation to exceed 2.5% and then fall back</b><b>6. The EU and UK drug regulatory authorities said<a href=\"https://laohu8.com/S/AZN\">AstraZeneca</a>Covid vaccine and blood clots 'may be linked'</b><img src=\"http://k.sinaimg.cn/n/finance/transform/52/w550h302/20210408/4222-knipfsf2663158.jpg/w720fin.jpg\" tg-width=\"550\" tg-height=\"302\" referrerpolicy=\"no-referrer\"></p><p><b>U.S. trade deficit widens to a record $71.1 billion in February</b></p><p>The U.S. trade deficit widened to record levels in February as solid household and business demand kept imports continuing to outpace exports.</p><p>The trade deficit in goods and services was $71.1 billion in February, up from a revised $67.8 billion in January, according to Commerce Department data released Wednesday. Economists' median forecast for a trade deficit in February was $70.5 billion.</p><p>Frigid weather in February affected trade in both directions, but exports fell more than imports.</p><p>The U.S. monthly trade deficit has been widening month by month since it reached its lowest level in more than 3 years in February 2020. The influx of imported goods into U.S. ports, causing a shortage of containers, has not only inflated freight rates but also left domestic producers on edge amid low inventories.</p><p>A beached giant container ship blocked the Suez Canal for days in late March, forcing shipping companies to consider time-consuming and expensive bypasses to Africa, putting global supply chains to the test.</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/58/w550h308/20210407/2813-knipfse9455844.jpg/w720fin.jpg\" tg-width=\"550\" tg-height=\"308\" referrerpolicy=\"no-referrer\"></p><p><b>Biden Tax Plan Will Bring $2 Trillion in Corporate Overseas Profits Back to America</b></p><p>U.S. Treasury Secretary Janet Yellen has unveiled detailed selling points for the Biden administration's proposed new corporate tax law. She said the plan, which is fairer for all Americans, would eliminate the incentive for companies to shift investments and profits overseas and raise more money to meet critical needs at home.</p><p>The Treasury Department has elaborated on proposals on taxes in President Joe Biden's $2.25 trillion economic plan, saying that through these changes, about $2 trillion in corporate profits would be brought back to the U.S. tax network over a decade, of which measures to stop businesses from having an incentive to transfer profits overseas would bring about $700 billion in federal revenue.</p><p>In all, the tax reform will bring about $2.5 trillion in additional tax revenue over 15 years, which can support an eight-year fiscal spending plan aimed at infrastructure, green investment and social welfare.</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/55/w550h305/20201106/1906-kcpxnwv7114163.jpg/w720fin.jpg\" tg-width=\"550\" tg-height=\"305\" referrerpolicy=\"no-referrer\"></p><p><b>Fed minutes: It still takes time for the economy to make substantial progress The pace of bond purchases is unlikely to change soon</b></p><p>In the early morning of Thursday, Beijing time, the Federal Open Market Committee (FOMC) released the minutes of the March monetary policy meeting. The pace of asset purchases is unlikely to change anytime soon while the Fed pursues its economic goals, the minutes show.</p><p>Fed officials believe it will be some time before substantial progress is made, with the economy and employment \"well below\" expectations. While officials see substantial economic growth, they see more progress needed before the ultra-loose policy changes.</p><p>The minutes show that participants agreed that despite the improvement in the U.S. economy, it was still far from meeting the Fed's target. The uncertainty of the COVID crisis poses downside risks to the economy and the path ahead remains highly uncertain. Given these risks, the current monetary policy stance remains appropriate to facilitate further recovery.</p><p>Many participants noted that changes in policy paths should be primarily based on outcomes, not projections. Officials believe that there is no need to frequently calibrate the FOMC's forward guidance.</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/59/w550h309/20191212/908f-ikrsesr8555707.jpg/w720fin.jpg\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p><p><b>SEC Officials Warn Against SPAC Listing Boom</b></p><p>A Securities and Exchange Commission (SEC) official has warned of \"some significant but undiscovered\" issues with special purpose acquisition companies (SPACs).</p><p>Commenting Wednesday at a legal meeting, SEC official John Coates said the issues \"will not be prevented in any way, a mechanism that is relatively imperfect, even though they have been around for some time.\"</p><p>It was previously reported that the SEC had opened an investigation into Wall Street's frenzy of bad-check company takeovers and sought information on how underwriters managed the associated risks. The SEC sent letters to Wall Street banks asking for information on their SPAC transactions, the sources said.</p><p>SPACs are publicly traded shell companies that raise money to acquire a private company with the goal of getting it public, allowing those target companies to avoid traditional initial public offerings (IPOs).</p><p>The SEC last month issued a warning about celebrity-backed SPACs, urging investors to think twice.</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/34/w534h300/20210408/1efa-knipfsf2667298.jpg/w720fin.jpg\" tg-width=\"534\" tg-height=\"300\" referrerpolicy=\"no-referrer\"></p><p><b>Fed official Kaplan: Expect inflation to exceed 2.5% and then fall back</b></p><p>Robert Kaplan, president of the US Dallas Fed, expects the economy to rebound strongly this year, while inflation may \"well exceed\" 2.5% before falling back.</p><p>\"The Dallas Fed expects U.S. GDP growth of about 6.5% in 2021,\" Kaplan said. Kaplan attended by<a href=\"https://laohu8.com/S/UBS\">UBS</a>Make comments when hosting an online event for central bank experts.</p><p>He said, \"If this forecast is achieved, we think the unemployment rate will trend downward throughout the year, approaching 4% by the end of the year\".</p><p>Kaplan said, \"We do think that inflation will rise significantly during the year, especially as we enter the summer of 2021, inflation may rise by far more than 2.5% year-on-year\".</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/59/w550h309/20210407/3e29-knipfsf2417574.png/w720fin.jpg\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p><p><b>EU and UK drug regulators say AstraZeneca's COVID-19 vaccine is \"possibly related\" to blood clots</b></p><p>Both UK and EU drug regulators said that the AstraZeneca COVID-19 vaccine may be linked to a rare brain blood clot, and then the UK recommended not to use the AstraZeneca vaccine for people under 30.</p><p>Prior to the regulator's assessment, there were increasing reports of side effects after receiving the AstraZeneca vaccine. Nevertheless, both UK and EU regulators agree that the benefits of the vaccine still outweigh the risks.</p><p>The European Medicines Agency (EMA) said on Wednesday that \"abnormal blood clots accompanied by low platelet counts should be listed as a\" very rare side effect \"of the AstraZeneca COVID vaccine. Britain recommends providing other available vaccines to people under 30 instead of AstraZeneca.</p><p>The latest warning from the EMA could put more headwinds on follow-up vaccinations at a time when the sluggish EU vaccination effort is just starting to accelerate. EU health officials will meet tonight to discuss how to use the AstraZeneca vaccine next.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-04-08/doc-ikmxzfmk5562685.shtml\">新浪财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"http://k.sinaimg.cn/n/finance/transform/58/w550h308/20210407/2813-knipfse9455844.jpg/w720fin.jpg","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","SPXU":"三倍做空标普500ETF-ProShares",".IXIC":"NASDAQ Composite","QID":"两倍做空纳斯达克指数ETF-ProShares","DOG":"道指ETF-ProShares做空","IVV":"标普500ETF-iShares","UPRO":"三倍做多标普500ETF-ProShares","PSQ":"做空纳斯达克100指数ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares",".DJI":"道琼斯","TQQQ":"纳指三倍做多ETF","DXD":"两倍做空道琼30指数ETF-ProShares","SPY":"标普500ETF","DDM":"2倍做多道指ETF-ProShares","SH":"做空标普500-Proshares","QQQ":"纳指100ETF","SDOW":"三倍做空道指30ETF-ProShares","OEF":"标普100指数ETF-iShares","SDS":"两倍做空标普500 ETF-ProShares",".SPX":"S&P 500 Index","QLD":"2倍做多纳斯达克100指数ETF-ProShares","DJX":"1/100道琼斯","SQQQ":"纳指三倍做空ETF","UDOW":"三倍做多道指30ETF-ProShares","OEX":"标普100"},"source_url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-04-08/doc-ikmxzfmk5562685.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2125729955","content_text":"全球财经媒体昨夜今晨共同关注的头条新闻主要有：1、美国2月份贸易逆差扩大至创纪录的711亿美元2、拜登税收计划将把2万亿美元企业海外利润带回美国3、美联储纪要：经济有实质性进展仍需时日 购债步伐不太可能很快改变4、美国证监会官员对SPAC上市热潮发出警告5、美联储官员Kaplan：预计通胀将超过2.5% 然后回落6、欧盟与英国药监部门称阿斯利康新冠疫苗与血栓“可能有关”美国2月份贸易逆差扩大至创纪录的711亿美元美国贸易逆差在2月份扩大至创纪录水平，因稳健的家庭和企业需求使进口继续超过出口。根据美国商务部周三发布的数据，2月份商品和服务贸易逆差为711亿美元，高于1月份修正后的678亿美元。经济学家对2月份贸易逆差的预期中值为705亿美元。2月份严寒天气影响了双向贸易，但出口降幅高于进口降幅。自2020年2月达到3年多最低水平以来，美国月度贸易逆差一直在逐月扩大。进口商品涌入美国港口，导致集装箱短缺，不仅抬高了运费，也让国内生产商在库存较低的情况下心急如焚。3月下旬一艘搁浅的巨型集装箱轮船堵住苏伊士运河多日，迫使航运公司考虑费时费钱的非洲绕行路线，令全球供应链面临考验。拜登税收计划将把2万亿美元企业海外利润带回美国美国财政部长珍妮特·耶伦公布了拜登政府拟议中的新公司税法的详细卖点。她表示，这项计划对所有美国人都更加公平，将消除公司将投资和利润转移到海外的动机，并筹集更多资金以满足国内的关键需求。财政部详细阐述了总统乔·拜登2.25万亿美元经济计划中关于税收的提议，称通过这些修改，十年间将把大约2万亿美元公司利润带回美国税收网络，其中，让企业不再有动机把利润转移到海外的措施，将带来约7000亿美元联邦收入。总而言之，这项税改将在15年间带来大约2.5万亿美元额外税收，从而可支持旨在投向基础设施、绿色投资及社会福利等领域的八年财政支出计划。美联储纪要：经济有实质性进展仍需时日 购债步伐不太可能很快改变北京时间周四凌晨，美国联邦公开市场委员会（FOMC）公布3月货币政策会议纪要。纪要显示，在美联储追求其经济目标的同时，资产购买的步伐不太可能很快改变。美联储官员们认为，取得实质性进展还需要一段时间，经济和就业“远低于”预期水平。尽管官员们看到经济大幅度增长，但他们看到在超宽松政策改变之前经济还需要取得更多进步。纪要显示，与会者一致认为，尽管美国经济有所好转，但仍远未达到美联储的目标。新冠疫情危机的不确定性给经济带来下行风险，未来的道路仍然高度不确定。考虑到这些风险，目前的货币政策立场仍然适合，以促进进一步复苏。许多与会者指出，政策路径的改变应该主要基于结果，而不是预测。官员们认为，无需频频地校准FOMC的前瞻指引。美国证监会官员对SPAC上市热潮发出警告美国证券交易委员会（SEC）的一位官员警告称，特殊目的收购公司（SPAC）存在“一些重大但尚未发现的”问题。SEC官员John Coates周三在一场法律会议上发表评论称，这些问题“不会以任何方式被阻止，这是一种相对来说尚未完善的机制，尽管它们已经存在了一段时间”。此前报道称，SEC已开始对华尔街的空头支票公司收购狂潮展开调查，并寻求有关承销商如何管理相关风险的信息。消息人士称，SEC致函华尔街银行，要求他们提供其SPAC交易的信息。SPAC是上市的空壳公司，它们筹集资金收购一家私人公司，目的是让其上市，从而让这些目标公司避开传统的首次公开募股（IPO）。SEC上个月就对名人支持的SPAC发出警告，敦促投资者三思而后行。美联储官员Kaplan：预计通胀将超过2.5% 然后回落美国达拉斯联储行长Robert Kaplan预计今年经济将强劲反弹，而通胀率可能将“远远超过”2.5%，然后再回落。Kaplan表示，“达拉斯联储预计美国2021年GDP增长约6.5%”。Kaplan参加由瑞银主办的央行专家网上活动时作出评论。他表示，“如果实现了这一预测，我们认为失业率将全年呈下降行趋势，到年底逼近4%”。Kaplan称，“我们确实认为通胀在年内将明显上升，尤其是进入2021年夏季时，通胀同比可能上涨远超2.5%”。欧盟与英国药监部门称阿斯利康新冠疫苗与血栓“可能有关”英国与欧盟药品监管机构均表示，阿斯利康新冠疫苗与一种罕见的脑部血栓可能存在关联，随后英国建议不对30岁以下人群使用阿斯利康疫苗。在监管机构开展评估前，有越来越多关于接种阿斯利康疫苗后出现副作用的报告。尽管如此，英国与欧盟监管机构都认为，该疫苗的益处仍然大于风险。欧洲药品管理局（EMA）周三表示，“应该将异常血栓伴有血小板数量偏低列为”阿斯利康新冠疫苗“非常罕见的副作用”。英国建议向30岁以下人群提供其它可用疫苗，而非阿斯利康。在起步迟缓的欧盟疫苗接种工作刚刚开始要加速之际，EMA的最新警告可能使后续接种面临更多阻力。欧盟卫生官员将于今晚召开会议，讨论接下来如何使用阿斯利康疫苗。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"UDOW":0.9,"UPRO":0.9,"ESmain":0.9,"QID":0.9,"NQmain":0.9,"DOG":0.9,"PSQ":0.9,"TQQQ":0.9,"SSO":0.9,"SDS":0.9,"MNQmain":0.9,"OEX":0.9,".DJI":0.9,"SDOW":0.9,"OEF":0.9,".SPX":0.9,"DJX":0.9,"IVV":0.9,".IXIC":0.9,"QLD":0.9,"DDM":0.9,"DXD":0.9,"SH":0.9,"SPXU":0.9,"QQQ":0.9,"SQQQ":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":918,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":188028517,"gmtCreate":1623417211139,"gmtModify":1704203043300,"author":{"id":"3554372296843481","authorId":"3554372296843481","name":"莫莫笑看风云","avatar":"https://static.tigerbbs.com/f3071680b6e770a83616ad335d271dae","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554372296843481","authorIdStr":"3554372296843481"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics Corporation(OCGN)$</a>--HC Wainwright Adjusts Ocugen's Price Target to $10 From $12, Maintains Buy Rating","listText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics Corporation(OCGN)$</a>--HC Wainwright Adjusts Ocugen's Price Target to $10 From $12, Maintains Buy Rating","text":"$Histogenics Corporation(OCGN)$--HC Wainwright Adjusts Ocugen's Price Target to $10 From $12, Maintains Buy Rating","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/188028517","isVote":1,"tweetType":1,"viewCount":3045,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3581759532939362","authorId":"3581759532939362","name":"Jinyyy","avatar":"https://community-static.tradeup.com/news/54d2483c31478635ca74079efdab6f65","crmLevel":12,"crmLevelSwitch":1,"idStr":"3581759532939362","authorIdStr":"3581759532939362"},"content":"Is $12 to 10 but still Maintain buy rating. i verified this.","text":"Is $12 to 10 but still Maintain buy rating. i verified this.","html":"Is $12 to 10 but still Maintain buy rating. i verified this."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348502279,"gmtCreate":1617937205491,"gmtModify":1704705045426,"author":{"id":"3554372296843481","authorId":"3554372296843481","name":"莫莫笑看风云","avatar":"https://static.tigerbbs.com/f3071680b6e770a83616ad335d271dae","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554372296843481","authorIdStr":"3554372296843481"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/348502279","repostId":"2126702543","repostType":4,"isVote":1,"tweetType":1,"viewCount":921,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d7644d8cfdcbb622860fd749e7","crmLevel":11,"crmLevelSwitch":0,"idStr":"3574164671299178","authorIdStr":"3574164671299178"},"content":"Evaluate each other ~","text":"Evaluate each other ~","html":"Evaluate each other ~"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341249039,"gmtCreate":1617836504421,"gmtModify":1704703653178,"author":{"id":"3554372296843481","authorId":"3554372296843481","name":"莫莫笑看风云","avatar":"https://static.tigerbbs.com/f3071680b6e770a83616ad335d271dae","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554372296843481","authorIdStr":"3554372296843481"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/341249039","repostId":"2125729955","repostType":4,"repost":{"id":"2125729955","kind":"news","pubTimestamp":1617831583,"share":"https://ttm.financial/m/news/2125729955?lang=en_US&edition=fundamental","pubTime":"2021-04-08 05:39","market":"hk","language":"zh","title":"Outside Headlines: The Federal Reserve reiterates its easing stance, and it still takes time for the economy to make substantial progress","url":"https://stock-news.laohu8.com/highlight/detail?id=2125729955","media":"新浪财经","summary":"美联储纪要：经济有实质性进展仍需时日 购债步伐不太可能很快改变北京时间周四凌晨，美国联邦公开市场委员会公布3月货币政策会议纪要。美联储官员们认为，取得实质性进展还需要一段时间，经济和就业“远低于”预期水平。纪要显示，与会者一致认为，尽管美国经济有所好转，但仍远未达到美联储的目标。新冠疫情危机的不确定性给经济带来下行风险，未来的道路仍然高度不确定。","content":"<p><b>The headlines that the global financial media paid common attention to last night and this morning mainly include:</b></p><p><b>1. U.S. trade deficit widened to a record $71.1 billion in February</b><b>2. Biden's tax plan will bring $2 trillion in corporate overseas profits back to the United States</b><b>3. Federal Reserve Minutes: It will still take time for the economy to make substantial progress. The pace of bond purchases is unlikely to change soon</b><b>4. U.S. Securities and Exchange Commission officials warned about the SPAC listing boom</b><b>5. Fed official Kaplan: Expect inflation to exceed 2.5% and then fall back</b><b>6. The EU and UK drug regulatory authorities said<a href=\"https://laohu8.com/S/AZN\">AstraZeneca</a>Covid vaccine and blood clots 'may be linked'</b><img src=\"http://k.sinaimg.cn/n/finance/transform/52/w550h302/20210408/4222-knipfsf2663158.jpg/w720fin.jpg\" tg-width=\"550\" tg-height=\"302\" referrerpolicy=\"no-referrer\"></p><p><b>U.S. trade deficit widens to a record $71.1 billion in February</b></p><p>The U.S. trade deficit widened to record levels in February as solid household and business demand kept imports continuing to outpace exports.</p><p>The trade deficit in goods and services was $71.1 billion in February, up from a revised $67.8 billion in January, according to Commerce Department data released Wednesday. Economists' median forecast for a trade deficit in February was $70.5 billion.</p><p>Frigid weather in February affected trade in both directions, but exports fell more than imports.</p><p>The U.S. monthly trade deficit has been widening month by month since it reached its lowest level in more than 3 years in February 2020. The influx of imported goods into U.S. ports, causing a shortage of containers, has not only inflated freight rates but also left domestic producers on edge amid low inventories.</p><p>A beached giant container ship blocked the Suez Canal for days in late March, forcing shipping companies to consider time-consuming and expensive bypasses to Africa, putting global supply chains to the test.</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/58/w550h308/20210407/2813-knipfse9455844.jpg/w720fin.jpg\" tg-width=\"550\" tg-height=\"308\" referrerpolicy=\"no-referrer\"></p><p><b>Biden Tax Plan Will Bring $2 Trillion in Corporate Overseas Profits Back to America</b></p><p>U.S. Treasury Secretary Janet Yellen has unveiled detailed selling points for the Biden administration's proposed new corporate tax law. She said the plan, which is fairer for all Americans, would eliminate the incentive for companies to shift investments and profits overseas and raise more money to meet critical needs at home.</p><p>The Treasury Department has elaborated on proposals on taxes in President Joe Biden's $2.25 trillion economic plan, saying that through these changes, about $2 trillion in corporate profits would be brought back to the U.S. tax network over a decade, of which measures to stop businesses from having an incentive to transfer profits overseas would bring about $700 billion in federal revenue.</p><p>In all, the tax reform will bring about $2.5 trillion in additional tax revenue over 15 years, which can support an eight-year fiscal spending plan aimed at infrastructure, green investment and social welfare.</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/55/w550h305/20201106/1906-kcpxnwv7114163.jpg/w720fin.jpg\" tg-width=\"550\" tg-height=\"305\" referrerpolicy=\"no-referrer\"></p><p><b>Fed minutes: It still takes time for the economy to make substantial progress The pace of bond purchases is unlikely to change soon</b></p><p>In the early morning of Thursday, Beijing time, the Federal Open Market Committee (FOMC) released the minutes of the March monetary policy meeting. The pace of asset purchases is unlikely to change anytime soon while the Fed pursues its economic goals, the minutes show.</p><p>Fed officials believe it will be some time before substantial progress is made, with the economy and employment \"well below\" expectations. While officials see substantial economic growth, they see more progress needed before the ultra-loose policy changes.</p><p>The minutes show that participants agreed that despite the improvement in the U.S. economy, it was still far from meeting the Fed's target. The uncertainty of the COVID crisis poses downside risks to the economy and the path ahead remains highly uncertain. Given these risks, the current monetary policy stance remains appropriate to facilitate further recovery.</p><p>Many participants noted that changes in policy paths should be primarily based on outcomes, not projections. Officials believe that there is no need to frequently calibrate the FOMC's forward guidance.</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/59/w550h309/20191212/908f-ikrsesr8555707.jpg/w720fin.jpg\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p><p><b>SEC Officials Warn Against SPAC Listing Boom</b></p><p>A Securities and Exchange Commission (SEC) official has warned of \"some significant but undiscovered\" issues with special purpose acquisition companies (SPACs).</p><p>Commenting Wednesday at a legal meeting, SEC official John Coates said the issues \"will not be prevented in any way, a mechanism that is relatively imperfect, even though they have been around for some time.\"</p><p>It was previously reported that the SEC had opened an investigation into Wall Street's frenzy of bad-check company takeovers and sought information on how underwriters managed the associated risks. The SEC sent letters to Wall Street banks asking for information on their SPAC transactions, the sources said.</p><p>SPACs are publicly traded shell companies that raise money to acquire a private company with the goal of getting it public, allowing those target companies to avoid traditional initial public offerings (IPOs).</p><p>The SEC last month issued a warning about celebrity-backed SPACs, urging investors to think twice.</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/34/w534h300/20210408/1efa-knipfsf2667298.jpg/w720fin.jpg\" tg-width=\"534\" tg-height=\"300\" referrerpolicy=\"no-referrer\"></p><p><b>Fed official Kaplan: Expect inflation to exceed 2.5% and then fall back</b></p><p>Robert Kaplan, president of the US Dallas Fed, expects the economy to rebound strongly this year, while inflation may \"well exceed\" 2.5% before falling back.</p><p>\"The Dallas Fed expects U.S. GDP growth of about 6.5% in 2021,\" Kaplan said. Kaplan attended by<a href=\"https://laohu8.com/S/UBS\">UBS</a>Make comments when hosting an online event for central bank experts.</p><p>He said, \"If this forecast is achieved, we think the unemployment rate will trend downward throughout the year, approaching 4% by the end of the year\".</p><p>Kaplan said, \"We do think that inflation will rise significantly during the year, especially as we enter the summer of 2021, inflation may rise by far more than 2.5% year-on-year\".</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/59/w550h309/20210407/3e29-knipfsf2417574.png/w720fin.jpg\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p><p><b>EU and UK drug regulators say AstraZeneca's COVID-19 vaccine is \"possibly related\" to blood clots</b></p><p>Both UK and EU drug regulators said that the AstraZeneca COVID-19 vaccine may be linked to a rare brain blood clot, and then the UK recommended not to use the AstraZeneca vaccine for people under 30.</p><p>Prior to the regulator's assessment, there were increasing reports of side effects after receiving the AstraZeneca vaccine. Nevertheless, both UK and EU regulators agree that the benefits of the vaccine still outweigh the risks.</p><p>The European Medicines Agency (EMA) said on Wednesday that \"abnormal blood clots accompanied by low platelet counts should be listed as a\" very rare side effect \"of the AstraZeneca COVID vaccine. Britain recommends providing other available vaccines to people under 30 instead of AstraZeneca.</p><p>The latest warning from the EMA could put more headwinds on follow-up vaccinations at a time when the sluggish EU vaccination effort is just starting to accelerate. EU health officials will meet tonight to discuss how to use the AstraZeneca vaccine next.</p>","source":"sina_symbol","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>Outside Headlines: The Federal Reserve reiterates its easing stance, and it still takes time for the economy to make substantial progress</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nOutside Headlines: The Federal Reserve reiterates its easing stance, and it still takes time for the economy to make substantial progress\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经</strong><span class=\"h-time small\">2021-04-08 05:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>The headlines that the global financial media paid common attention to last night and this morning mainly include:</b></p><p><b>1. U.S. trade deficit widened to a record $71.1 billion in February</b><b>2. Biden's tax plan will bring $2 trillion in corporate overseas profits back to the United States</b><b>3. Federal Reserve Minutes: It will still take time for the economy to make substantial progress. The pace of bond purchases is unlikely to change soon</b><b>4. U.S. Securities and Exchange Commission officials warned about the SPAC listing boom</b><b>5. Fed official Kaplan: Expect inflation to exceed 2.5% and then fall back</b><b>6. The EU and UK drug regulatory authorities said<a href=\"https://laohu8.com/S/AZN\">AstraZeneca</a>Covid vaccine and blood clots 'may be linked'</b><img src=\"http://k.sinaimg.cn/n/finance/transform/52/w550h302/20210408/4222-knipfsf2663158.jpg/w720fin.jpg\" tg-width=\"550\" tg-height=\"302\" referrerpolicy=\"no-referrer\"></p><p><b>U.S. trade deficit widens to a record $71.1 billion in February</b></p><p>The U.S. trade deficit widened to record levels in February as solid household and business demand kept imports continuing to outpace exports.</p><p>The trade deficit in goods and services was $71.1 billion in February, up from a revised $67.8 billion in January, according to Commerce Department data released Wednesday. Economists' median forecast for a trade deficit in February was $70.5 billion.</p><p>Frigid weather in February affected trade in both directions, but exports fell more than imports.</p><p>The U.S. monthly trade deficit has been widening month by month since it reached its lowest level in more than 3 years in February 2020. The influx of imported goods into U.S. ports, causing a shortage of containers, has not only inflated freight rates but also left domestic producers on edge amid low inventories.</p><p>A beached giant container ship blocked the Suez Canal for days in late March, forcing shipping companies to consider time-consuming and expensive bypasses to Africa, putting global supply chains to the test.</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/58/w550h308/20210407/2813-knipfse9455844.jpg/w720fin.jpg\" tg-width=\"550\" tg-height=\"308\" referrerpolicy=\"no-referrer\"></p><p><b>Biden Tax Plan Will Bring $2 Trillion in Corporate Overseas Profits Back to America</b></p><p>U.S. Treasury Secretary Janet Yellen has unveiled detailed selling points for the Biden administration's proposed new corporate tax law. She said the plan, which is fairer for all Americans, would eliminate the incentive for companies to shift investments and profits overseas and raise more money to meet critical needs at home.</p><p>The Treasury Department has elaborated on proposals on taxes in President Joe Biden's $2.25 trillion economic plan, saying that through these changes, about $2 trillion in corporate profits would be brought back to the U.S. tax network over a decade, of which measures to stop businesses from having an incentive to transfer profits overseas would bring about $700 billion in federal revenue.</p><p>In all, the tax reform will bring about $2.5 trillion in additional tax revenue over 15 years, which can support an eight-year fiscal spending plan aimed at infrastructure, green investment and social welfare.</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/55/w550h305/20201106/1906-kcpxnwv7114163.jpg/w720fin.jpg\" tg-width=\"550\" tg-height=\"305\" referrerpolicy=\"no-referrer\"></p><p><b>Fed minutes: It still takes time for the economy to make substantial progress The pace of bond purchases is unlikely to change soon</b></p><p>In the early morning of Thursday, Beijing time, the Federal Open Market Committee (FOMC) released the minutes of the March monetary policy meeting. The pace of asset purchases is unlikely to change anytime soon while the Fed pursues its economic goals, the minutes show.</p><p>Fed officials believe it will be some time before substantial progress is made, with the economy and employment \"well below\" expectations. While officials see substantial economic growth, they see more progress needed before the ultra-loose policy changes.</p><p>The minutes show that participants agreed that despite the improvement in the U.S. economy, it was still far from meeting the Fed's target. The uncertainty of the COVID crisis poses downside risks to the economy and the path ahead remains highly uncertain. Given these risks, the current monetary policy stance remains appropriate to facilitate further recovery.</p><p>Many participants noted that changes in policy paths should be primarily based on outcomes, not projections. Officials believe that there is no need to frequently calibrate the FOMC's forward guidance.</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/59/w550h309/20191212/908f-ikrsesr8555707.jpg/w720fin.jpg\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p><p><b>SEC Officials Warn Against SPAC Listing Boom</b></p><p>A Securities and Exchange Commission (SEC) official has warned of \"some significant but undiscovered\" issues with special purpose acquisition companies (SPACs).</p><p>Commenting Wednesday at a legal meeting, SEC official John Coates said the issues \"will not be prevented in any way, a mechanism that is relatively imperfect, even though they have been around for some time.\"</p><p>It was previously reported that the SEC had opened an investigation into Wall Street's frenzy of bad-check company takeovers and sought information on how underwriters managed the associated risks. The SEC sent letters to Wall Street banks asking for information on their SPAC transactions, the sources said.</p><p>SPACs are publicly traded shell companies that raise money to acquire a private company with the goal of getting it public, allowing those target companies to avoid traditional initial public offerings (IPOs).</p><p>The SEC last month issued a warning about celebrity-backed SPACs, urging investors to think twice.</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/34/w534h300/20210408/1efa-knipfsf2667298.jpg/w720fin.jpg\" tg-width=\"534\" tg-height=\"300\" referrerpolicy=\"no-referrer\"></p><p><b>Fed official Kaplan: Expect inflation to exceed 2.5% and then fall back</b></p><p>Robert Kaplan, president of the US Dallas Fed, expects the economy to rebound strongly this year, while inflation may \"well exceed\" 2.5% before falling back.</p><p>\"The Dallas Fed expects U.S. GDP growth of about 6.5% in 2021,\" Kaplan said. Kaplan attended by<a href=\"https://laohu8.com/S/UBS\">UBS</a>Make comments when hosting an online event for central bank experts.</p><p>He said, \"If this forecast is achieved, we think the unemployment rate will trend downward throughout the year, approaching 4% by the end of the year\".</p><p>Kaplan said, \"We do think that inflation will rise significantly during the year, especially as we enter the summer of 2021, inflation may rise by far more than 2.5% year-on-year\".</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/59/w550h309/20210407/3e29-knipfsf2417574.png/w720fin.jpg\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p><p><b>EU and UK drug regulators say AstraZeneca's COVID-19 vaccine is \"possibly related\" to blood clots</b></p><p>Both UK and EU drug regulators said that the AstraZeneca COVID-19 vaccine may be linked to a rare brain blood clot, and then the UK recommended not to use the AstraZeneca vaccine for people under 30.</p><p>Prior to the regulator's assessment, there were increasing reports of side effects after receiving the AstraZeneca vaccine. Nevertheless, both UK and EU regulators agree that the benefits of the vaccine still outweigh the risks.</p><p>The European Medicines Agency (EMA) said on Wednesday that \"abnormal blood clots accompanied by low platelet counts should be listed as a\" very rare side effect \"of the AstraZeneca COVID vaccine. Britain recommends providing other available vaccines to people under 30 instead of AstraZeneca.</p><p>The latest warning from the EMA could put more headwinds on follow-up vaccinations at a time when the sluggish EU vaccination effort is just starting to accelerate. EU health officials will meet tonight to discuss how to use the AstraZeneca vaccine next.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-04-08/doc-ikmxzfmk5562685.shtml\">新浪财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"http://k.sinaimg.cn/n/finance/transform/58/w550h308/20210407/2813-knipfse9455844.jpg/w720fin.jpg","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","SPXU":"三倍做空标普500ETF-ProShares",".IXIC":"NASDAQ Composite","QID":"两倍做空纳斯达克指数ETF-ProShares","DOG":"道指ETF-ProShares做空","IVV":"标普500ETF-iShares","UPRO":"三倍做多标普500ETF-ProShares","PSQ":"做空纳斯达克100指数ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares",".DJI":"道琼斯","TQQQ":"纳指三倍做多ETF","DXD":"两倍做空道琼30指数ETF-ProShares","SPY":"标普500ETF","DDM":"2倍做多道指ETF-ProShares","SH":"做空标普500-Proshares","QQQ":"纳指100ETF","SDOW":"三倍做空道指30ETF-ProShares","OEF":"标普100指数ETF-iShares","SDS":"两倍做空标普500 ETF-ProShares",".SPX":"S&P 500 Index","QLD":"2倍做多纳斯达克100指数ETF-ProShares","DJX":"1/100道琼斯","SQQQ":"纳指三倍做空ETF","UDOW":"三倍做多道指30ETF-ProShares","OEX":"标普100"},"source_url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-04-08/doc-ikmxzfmk5562685.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2125729955","content_text":"全球财经媒体昨夜今晨共同关注的头条新闻主要有：1、美国2月份贸易逆差扩大至创纪录的711亿美元2、拜登税收计划将把2万亿美元企业海外利润带回美国3、美联储纪要：经济有实质性进展仍需时日 购债步伐不太可能很快改变4、美国证监会官员对SPAC上市热潮发出警告5、美联储官员Kaplan：预计通胀将超过2.5% 然后回落6、欧盟与英国药监部门称阿斯利康新冠疫苗与血栓“可能有关”美国2月份贸易逆差扩大至创纪录的711亿美元美国贸易逆差在2月份扩大至创纪录水平，因稳健的家庭和企业需求使进口继续超过出口。根据美国商务部周三发布的数据，2月份商品和服务贸易逆差为711亿美元，高于1月份修正后的678亿美元。经济学家对2月份贸易逆差的预期中值为705亿美元。2月份严寒天气影响了双向贸易，但出口降幅高于进口降幅。自2020年2月达到3年多最低水平以来，美国月度贸易逆差一直在逐月扩大。进口商品涌入美国港口，导致集装箱短缺，不仅抬高了运费，也让国内生产商在库存较低的情况下心急如焚。3月下旬一艘搁浅的巨型集装箱轮船堵住苏伊士运河多日，迫使航运公司考虑费时费钱的非洲绕行路线，令全球供应链面临考验。拜登税收计划将把2万亿美元企业海外利润带回美国美国财政部长珍妮特·耶伦公布了拜登政府拟议中的新公司税法的详细卖点。她表示，这项计划对所有美国人都更加公平，将消除公司将投资和利润转移到海外的动机，并筹集更多资金以满足国内的关键需求。财政部详细阐述了总统乔·拜登2.25万亿美元经济计划中关于税收的提议，称通过这些修改，十年间将把大约2万亿美元公司利润带回美国税收网络，其中，让企业不再有动机把利润转移到海外的措施，将带来约7000亿美元联邦收入。总而言之，这项税改将在15年间带来大约2.5万亿美元额外税收，从而可支持旨在投向基础设施、绿色投资及社会福利等领域的八年财政支出计划。美联储纪要：经济有实质性进展仍需时日 购债步伐不太可能很快改变北京时间周四凌晨，美国联邦公开市场委员会（FOMC）公布3月货币政策会议纪要。纪要显示，在美联储追求其经济目标的同时，资产购买的步伐不太可能很快改变。美联储官员们认为，取得实质性进展还需要一段时间，经济和就业“远低于”预期水平。尽管官员们看到经济大幅度增长，但他们看到在超宽松政策改变之前经济还需要取得更多进步。纪要显示，与会者一致认为，尽管美国经济有所好转，但仍远未达到美联储的目标。新冠疫情危机的不确定性给经济带来下行风险，未来的道路仍然高度不确定。考虑到这些风险，目前的货币政策立场仍然适合，以促进进一步复苏。许多与会者指出，政策路径的改变应该主要基于结果，而不是预测。官员们认为，无需频频地校准FOMC的前瞻指引。美国证监会官员对SPAC上市热潮发出警告美国证券交易委员会（SEC）的一位官员警告称，特殊目的收购公司（SPAC）存在“一些重大但尚未发现的”问题。SEC官员John Coates周三在一场法律会议上发表评论称，这些问题“不会以任何方式被阻止，这是一种相对来说尚未完善的机制，尽管它们已经存在了一段时间”。此前报道称，SEC已开始对华尔街的空头支票公司收购狂潮展开调查，并寻求有关承销商如何管理相关风险的信息。消息人士称，SEC致函华尔街银行，要求他们提供其SPAC交易的信息。SPAC是上市的空壳公司，它们筹集资金收购一家私人公司，目的是让其上市，从而让这些目标公司避开传统的首次公开募股（IPO）。SEC上个月就对名人支持的SPAC发出警告，敦促投资者三思而后行。美联储官员Kaplan：预计通胀将超过2.5% 然后回落美国达拉斯联储行长Robert Kaplan预计今年经济将强劲反弹，而通胀率可能将“远远超过”2.5%，然后再回落。Kaplan表示，“达拉斯联储预计美国2021年GDP增长约6.5%”。Kaplan参加由瑞银主办的央行专家网上活动时作出评论。他表示，“如果实现了这一预测，我们认为失业率将全年呈下降行趋势，到年底逼近4%”。Kaplan称，“我们确实认为通胀在年内将明显上升，尤其是进入2021年夏季时，通胀同比可能上涨远超2.5%”。欧盟与英国药监部门称阿斯利康新冠疫苗与血栓“可能有关”英国与欧盟药品监管机构均表示，阿斯利康新冠疫苗与一种罕见的脑部血栓可能存在关联，随后英国建议不对30岁以下人群使用阿斯利康疫苗。在监管机构开展评估前，有越来越多关于接种阿斯利康疫苗后出现副作用的报告。尽管如此，英国与欧盟监管机构都认为，该疫苗的益处仍然大于风险。欧洲药品管理局（EMA）周三表示，“应该将异常血栓伴有血小板数量偏低列为”阿斯利康新冠疫苗“非常罕见的副作用”。英国建议向30岁以下人群提供其它可用疫苗，而非阿斯利康。在起步迟缓的欧盟疫苗接种工作刚刚开始要加速之际，EMA的最新警告可能使后续接种面临更多阻力。欧盟卫生官员将于今晚召开会议，讨论接下来如何使用阿斯利康疫苗。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"UDOW":0.9,"UPRO":0.9,"ESmain":0.9,"QID":0.9,"NQmain":0.9,"DOG":0.9,"PSQ":0.9,"TQQQ":0.9,"SSO":0.9,"SDS":0.9,"MNQmain":0.9,"OEX":0.9,".DJI":0.9,"SDOW":0.9,"OEF":0.9,".SPX":0.9,"DJX":0.9,"IVV":0.9,".IXIC":0.9,"QLD":0.9,"DDM":0.9,"DXD":0.9,"SH":0.9,"SPXU":0.9,"QQQ":0.9,"SQQQ":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":918,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153732503,"gmtCreate":1625049379602,"gmtModify":1703734841081,"author":{"id":"3554372296843481","authorId":"3554372296843481","name":"莫莫笑看风云","avatar":"https://static.tigerbbs.com/f3071680b6e770a83616ad335d271dae","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554372296843481","authorIdStr":"3554372296843481"},"themes":[],"htmlText":"?&nbsp;","listText":"?&nbsp;","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153732503","repostId":"153671068","repostType":1,"repost":{"id":153671068,"gmtCreate":1625024479354,"gmtModify":1703850393907,"author":{"id":"3581923941113534","authorId":"3581923941113534","name":"红胖子Aaron","avatar":"https://static.tigerbbs.com/e234b52b20a85cc8c8be4086f2145569","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581923941113534","authorIdStr":"3581923941113534"},"themes":[],"title":"金融模型表明WISH被嚴重低估 保守估計至少46美元","htmlText":"就在昨天美股全線收漲的大環境下，<a target=\"_blank\" href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>&nbsp;“暴跌”了近7個百分點。一部分投機者失望地割肉離場，而堅定的信仰者則認爲，這是該股連續漲了四周後的健康回調。昨天，一篇由Monplanet Capital Management 發表於Seeking Alpha的文章，在海外 WISH 投資者中被大量轉載。該文的作者使用 DCF (現金流量貼現法) ，專業的金融模型，發現 WISH 當前的股價被嚴重低估。除此之外，作者保守估計，WISH 的股價至少價值46美元。紅胖子Aaron第一時間整理翻譯了該文，爲 WISH 戰友們穩定軍心。該文的圖片，數據均有資料來源，因此譯者沒有二次求證其真實性，讀者做投資決策時請謹慎參考。全文翻譯如下：概要 WISH 是一個全球電子商務網站，每月連接近 1 億活躍用戶和近 550,000 家商戶 WISH 比 eBay 或 MercadoLibre 更關注客戶的體驗 我獲得了 8600 萬至 5.64 億美元的營業現金流（CFO）和 6800 萬至 5.32 億美元的自由現金流;請注意，其他分析師預計 2022 年的自由現金流爲正 競爭對手的 CFO/銷售額爲 4%-32%。我決定從 2021 年到 2025 年使用 3%-10% 的比例 假設總流動性爲 18 億美元，我得到的股票估值爲 86.6 億美元，這意味着WISH的股價應爲 46 美元 ContextLogic（納斯達克股票代碼：WISH）手頭有大量現金，該公司正在進行大規模的營銷和用戶體驗方面投資。考慮到這些事實，WISH 很可能在未來五年內實現可觀的銷售增長和正的自由現金流。非常保守假設的貼現現金流模型揭示了股價的巨大上漲潛力。請注","listText":"就在昨天美股全線收漲的大環境下，<a target=\"_blank\" href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>&nbsp;“暴跌”了近7個百分點。一部分投機者失望地割肉離場，而堅定的信仰者則認爲，這是該股連續漲了四周後的健康回調。昨天，一篇由Monplanet Capital Management 發表於Seeking Alpha的文章，在海外 WISH 投資者中被大量轉載。該文的作者使用 DCF (現金流量貼現法) ，專業的金融模型，發現 WISH 當前的股價被嚴重低估。除此之外，作者保守估計，WISH 的股價至少價值46美元。紅胖子Aaron第一時間整理翻譯了該文，爲 WISH 戰友們穩定軍心。該文的圖片，數據均有資料來源，因此譯者沒有二次求證其真實性，讀者做投資決策時請謹慎參考。全文翻譯如下：概要 WISH 是一個全球電子商務網站，每月連接近 1 億活躍用戶和近 550,000 家商戶 WISH 比 eBay 或 MercadoLibre 更關注客戶的體驗 我獲得了 8600 萬至 5.64 億美元的營業現金流（CFO）和 6800 萬至 5.32 億美元的自由現金流;請注意，其他分析師預計 2022 年的自由現金流爲正 競爭對手的 CFO/銷售額爲 4%-32%。我決定從 2021 年到 2025 年使用 3%-10% 的比例 假設總流動性爲 18 億美元，我得到的股票估值爲 86.6 億美元，這意味着WISH的股價應爲 46 美元 ContextLogic（納斯達克股票代碼：WISH）手頭有大量現金，該公司正在進行大規模的營銷和用戶體驗方面投資。考慮到這些事實，WISH 很可能在未來五年內實現可觀的銷售增長和正的自由現金流。非常保守假設的貼現現金流模型揭示了股價的巨大上漲潛力。請注","text":"就在昨天美股全線收漲的大環境下，$ContextLogic Inc.(WISH)$ “暴跌”了近7個百分點。一部分投機者失望地割肉離場，而堅定的信仰者則認爲，這是該股連續漲了四周後的健康回調。昨天，一篇由Monplanet Capital Management 發表於Seeking Alpha的文章，在海外 WISH 投資者中被大量轉載。該文的作者使用 DCF (現金流量貼現法) ，專業的金融模型，發現 WISH 當前的股價被嚴重低估。除此之外，作者保守估計，WISH 的股價至少價值46美元。紅胖子Aaron第一時間整理翻譯了該文，爲 WISH 戰友們穩定軍心。該文的圖片，數據均有資料來源，因此譯者沒有二次求證其真實性，讀者做投資決策時請謹慎參考。全文翻譯如下：概要 WISH 是一個全球電子商務網站，每月連接近 1 億活躍用戶和近 550,000 家商戶 WISH 比 eBay 或 MercadoLibre 更關注客戶的體驗 我獲得了 8600 萬至 5.64 億美元的營業現金流（CFO）和 6800 萬至 5.32 億美元的自由現金流;請注意，其他分析師預計 2022 年的自由現金流爲正 競爭對手的 CFO/銷售額爲 4%-32%。我決定從 2021 年到 2025 年使用 3%-10% 的比例 假設總流動性爲 18 億美元，我得到的股票估值爲 86.6 億美元，這意味着WISH的股價應爲 46 美元 ContextLogic（納斯達克股票代碼：WISH）手頭有大量現金，該公司正在進行大規模的營銷和用戶體驗方面投資。考慮到這些事實，WISH 很可能在未來五年內實現可觀的銷售增長和正的自由現金流。非常保守假設的貼現現金流模型揭示了股價的巨大上漲潛力。請注","images":[{"img":"https://static.tigerbbs.com/4c0c7cac3ee3253c33f28b817d1437d8","width":"1218","height":"751"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153671068","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":14,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341249316,"gmtCreate":1617836521635,"gmtModify":1704703653504,"author":{"id":"3554372296843481","authorId":"3554372296843481","name":"莫莫笑看风云","avatar":"https://static.tigerbbs.com/f3071680b6e770a83616ad335d271dae","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554372296843481","authorIdStr":"3554372296843481"},"themes":[],"htmlText":"Very good","listText":"Very good","text":"Very good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341249316","repostId":"1150094003","repostType":4,"repost":{"id":"1150094003","kind":"news","weMediaInfo":{"introduction":"解密财经，透视真相。为您传递第一手新鲜财经深度报道。","home_visible":1,"media_name":"棱镜","id":"91","head_image":"https://static.tigerbbs.com/ea46042fac2240098d9d976e6d67d6a8"},"pubTimestamp":1617808333,"share":"https://ttm.financial/m/news/1150094003?lang=en_US&edition=fundamental","pubTime":"2021-04-07 23:12","market":"hk","language":"zh","title":"Record of Huang Guangyu's Telephone Conference: No one can kill anyone with Pinduoduo","url":"https://stock-news.laohu8.com/highlight/detail?id=1150094003","media":"棱镜","summary":"4月7日晚上7点，国美零售举行了全球投资人电话会议，公司创始人黄光裕与首席财务官方巍、企业发展与投资者关系总监张景行一起出席了会议。这也是黄光裕出狱后，首次出席公开会议。方巍首先披露了几个关键经营数字","content":"<p>On April 7th, at 7 p.m.,<a href=\"https://laohu8.com/S/00493\">GOME Retail</a>A global investor conference call was held, which was attended by the company's founder, Huang Guangyu, along with Chief Financial Officer, Wei Wei, and Director of Corporate Development and Investor Relations, Zhang Jingxing. This is also the first time Huang Guangyu has attended a public meeting since he was released from prison.</p><p><b>Fang Wei first disclosed several key operating figures and strategic expectations:</b></p><p>1. At present, there are more than 3,400 offline stores in Gome. In the future, Gome plans to expand its stores to more than 6,000 in the mode of \"self-operated + franchise\" within 18 months.</p><p>Second, since the first quarter of this year, the GMV of Gome's online platform \"True Happiness\" APP has increased nearly four times year-on-year, with about 40 million monthly active users. In the next 18 months, Gome hopes to drain from offline to online, and achieve more than 100 million monthly active users.</p><p>Third, at this stage, Gome mainly promotes seven categories of commodity procurement platforms, such as home appliances, food and drinks, clothing, shoes and bags, home improvement, daily necessities, maternal and baby toys, beauty and personal care, and strives to exceed 500,000 SKUs within 18 months (home appliances have expanded from 3W to 10W, and non-home appliances have expanded from 7W to 40W).</p><p>Fourth, on the supply chain platform side, non-home appliances accounted for 10% of Gome's sales in 2020, and 90% were home appliances. The proportion of non-home appliance sales is planned to increase to 30% in 2021.</p><p>Subsequently, investors and brokerage representatives asked questions to Gome's management, and Huang Guangyu answered the questions accordingly. The author summarizes and sorts out Huang Guangyu's core views.</p><p><b>Question 1:</b>An overall view of the current development of the traditional retail industry?</p><p><b>Huang Guangyu:</b>Regardless of consumption upgrading or internal circulation, the retail market has a lot of room for future growth. Gome expanded from electrical appliances category to all categories, and at the same time carried out offline empowerment. Gome has lost a lot of opportunities and time on this road, and has learned a lot, with successes and failures.<b>After several months of research, Gome will expand its supply chain in the future. Combined with online platform and entertainment mode, it is expected to achieve the set goal in the next 18 months.</b></p><p><b>Question 2:</b>How to understand the development path, entertainment marketing and operation of True Happy APP?</p><p><b>Huang Guangyu:</b>Happy will start with standardized products offline, and then guide merchants to display the experience. In the future, the traditional e-commerce display platform mode will encounter bottlenecks. Although the experience of live broadcast and short video mode is better, it will soon be homogenized. Real entertainment marketing is to let everyone participate, combine the existing e-commerce model with entertainment marketing to bring goods, and then develop service and low price as the basic ability of the bottom layer. Gome will stand on the C-end, make requests to merchants, serve consumers, and sell goods jointly with merchants.</p><p><b>Question 3:</b>Does Gome's offline layout have enough resources to support it in the future? What is the profitability model?</p><p><b>Huang Guangyu:</b>Gome stores will be divided into self-operated and franchised, adopting the asset-light mode. In the future, it will adopt the mode of direct operation system and offline platform combined with investment leasing plus commission, and the operating pressure will be relatively small. In the future, offline is expected to drain about 100 million online. At the same time, it will also solve the problem of declining operating performance of many offline stores and establish community marketing. Gome will cooperate with more professional institutions to take low price, on-time delivery, entertainment marketing and high-quality service as its core advantages.</p><p><b>Question 4:</b>How will Gome expand from home appliances to all categories?</p><p><b>Huang Guangyu:</b>We will divide the supply chain into three parts: investment promotion, self-operation and customization. Through the separation mode of online and offline platforms, enhancing the competitiveness of the platform is not entirely supported by its own supply chain.</p><p>Like<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>、<a href=\"https://laohu8.com/S/JD\">Jingdong</a>Tmall,<a href=\"https://laohu8.com/S/DYIN\">TikTok</a>Just like opening a shop,<b>We will also co-build and output the supply chain, or expand the channels by jointly founding companies.</b>At the purchasing end, everyone can jointly explore the ability of self-procurement and customization.<b>We have set up a professional team and will continue to recruit professionals to join in the society. In the future, equity cooperation may also be liberalized to enhance supply chain capabilities.</b></p><p><b>Question 5:</b>How to understand the competitive partnership with Pinduoduo and JD.COM?</p><p><b>Huang Guangyu:</b>Our mindset and strategy are open, and no one can destroy anyone. As long as the business path and strategy are right, whoever restricts anyone is temporary. Under this premise, we do not rule out cooperation with any party. We regard them (Pinduoduo and JD.COM) as mature sales platforms, and we can go to them to sell and drain traffic; They also cooperate with us with an open mind.</p><p>They have the advantage of scale, and they have encountered bottlenecks and shortcomings until now. In the future, the most important competition in the retail industry is<a href=\"https://laohu8.com/S/300959\">Online and offline</a>Whether there are advantages in supply chain and distribution, and whether it can form a closed loop, there are differences in marketing, experience and positioning.</p><p>Gome is engaged in entertainment marketing. Our model is not only to bring goods, but also to drive more people to participate, share in the entertainment process, think of playing when buying goods, and experience it nearby in stores, not just for cheapness, which will become the reason for consumers to put APPs on their mobile phones.</p><p><b>Question 6:</b>At present, the debt ratio of Gome is high. How to plan the future debt reduction plan?</p><p><b>Huang Guangyu: I am really happy that I may lose some money next, and the input cost will be higher than the income. Gome will try to make positive cash flow as much as possible in the future.</b>After accurate online and offline positioning, offline stores are likely to be profitable,<b>It is hoped that the profit of the store will exceed 800 million this year.</b></p><p>The procurement and sales of Gome's supply chain platform pay attention to small profits but quick turnover, high market share and fast capital turnover, and this piece also strives to achieve positive returns. From the perspective of debt ratio, there should not be too much in the future. While building the network, we will also increase some assets and capital to reduce the debt ratio. In recent years, the loss-to-debt ratio is relatively high, and we will solve it as soon as possible.</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>Record of Huang Guangyu's Telephone Conference: No one can kill anyone with Pinduoduo</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nRecord of Huang Guangyu's Telephone Conference: No one can kill anyone with Pinduoduo\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/91\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/ea46042fac2240098d9d976e6d67d6a8);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">棱镜 </p>\n<p class=\"h-time smaller\">2021-04-07 23:12</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On April 7th, at 7 p.m.,<a href=\"https://laohu8.com/S/00493\">GOME Retail</a>A global investor conference call was held, which was attended by the company's founder, Huang Guangyu, along with Chief Financial Officer, Wei Wei, and Director of Corporate Development and Investor Relations, Zhang Jingxing. This is also the first time Huang Guangyu has attended a public meeting since he was released from prison.</p><p><b>Fang Wei first disclosed several key operating figures and strategic expectations:</b></p><p>1. At present, there are more than 3,400 offline stores in Gome. In the future, Gome plans to expand its stores to more than 6,000 in the mode of \"self-operated + franchise\" within 18 months.</p><p>Second, since the first quarter of this year, the GMV of Gome's online platform \"True Happiness\" APP has increased nearly four times year-on-year, with about 40 million monthly active users. In the next 18 months, Gome hopes to drain from offline to online, and achieve more than 100 million monthly active users.</p><p>Third, at this stage, Gome mainly promotes seven categories of commodity procurement platforms, such as home appliances, food and drinks, clothing, shoes and bags, home improvement, daily necessities, maternal and baby toys, beauty and personal care, and strives to exceed 500,000 SKUs within 18 months (home appliances have expanded from 3W to 10W, and non-home appliances have expanded from 7W to 40W).</p><p>Fourth, on the supply chain platform side, non-home appliances accounted for 10% of Gome's sales in 2020, and 90% were home appliances. The proportion of non-home appliance sales is planned to increase to 30% in 2021.</p><p>Subsequently, investors and brokerage representatives asked questions to Gome's management, and Huang Guangyu answered the questions accordingly. The author summarizes and sorts out Huang Guangyu's core views.</p><p><b>Question 1:</b>An overall view of the current development of the traditional retail industry?</p><p><b>Huang Guangyu:</b>Regardless of consumption upgrading or internal circulation, the retail market has a lot of room for future growth. Gome expanded from electrical appliances category to all categories, and at the same time carried out offline empowerment. Gome has lost a lot of opportunities and time on this road, and has learned a lot, with successes and failures.<b>After several months of research, Gome will expand its supply chain in the future. Combined with online platform and entertainment mode, it is expected to achieve the set goal in the next 18 months.</b></p><p><b>Question 2:</b>How to understand the development path, entertainment marketing and operation of True Happy APP?</p><p><b>Huang Guangyu:</b>Happy will start with standardized products offline, and then guide merchants to display the experience. In the future, the traditional e-commerce display platform mode will encounter bottlenecks. Although the experience of live broadcast and short video mode is better, it will soon be homogenized. Real entertainment marketing is to let everyone participate, combine the existing e-commerce model with entertainment marketing to bring goods, and then develop service and low price as the basic ability of the bottom layer. Gome will stand on the C-end, make requests to merchants, serve consumers, and sell goods jointly with merchants.</p><p><b>Question 3:</b>Does Gome's offline layout have enough resources to support it in the future? What is the profitability model?</p><p><b>Huang Guangyu:</b>Gome stores will be divided into self-operated and franchised, adopting the asset-light mode. In the future, it will adopt the mode of direct operation system and offline platform combined with investment leasing plus commission, and the operating pressure will be relatively small. In the future, offline is expected to drain about 100 million online. At the same time, it will also solve the problem of declining operating performance of many offline stores and establish community marketing. Gome will cooperate with more professional institutions to take low price, on-time delivery, entertainment marketing and high-quality service as its core advantages.</p><p><b>Question 4:</b>How will Gome expand from home appliances to all categories?</p><p><b>Huang Guangyu:</b>We will divide the supply chain into three parts: investment promotion, self-operation and customization. Through the separation mode of online and offline platforms, enhancing the competitiveness of the platform is not entirely supported by its own supply chain.</p><p>Like<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>、<a href=\"https://laohu8.com/S/JD\">Jingdong</a>Tmall,<a href=\"https://laohu8.com/S/DYIN\">TikTok</a>Just like opening a shop,<b>We will also co-build and output the supply chain, or expand the channels by jointly founding companies.</b>At the purchasing end, everyone can jointly explore the ability of self-procurement and customization.<b>We have set up a professional team and will continue to recruit professionals to join in the society. In the future, equity cooperation may also be liberalized to enhance supply chain capabilities.</b></p><p><b>Question 5:</b>How to understand the competitive partnership with Pinduoduo and JD.COM?</p><p><b>Huang Guangyu:</b>Our mindset and strategy are open, and no one can destroy anyone. As long as the business path and strategy are right, whoever restricts anyone is temporary. Under this premise, we do not rule out cooperation with any party. We regard them (Pinduoduo and JD.COM) as mature sales platforms, and we can go to them to sell and drain traffic; They also cooperate with us with an open mind.</p><p>They have the advantage of scale, and they have encountered bottlenecks and shortcomings until now. In the future, the most important competition in the retail industry is<a href=\"https://laohu8.com/S/300959\">Online and offline</a>Whether there are advantages in supply chain and distribution, and whether it can form a closed loop, there are differences in marketing, experience and positioning.</p><p>Gome is engaged in entertainment marketing. Our model is not only to bring goods, but also to drive more people to participate, share in the entertainment process, think of playing when buying goods, and experience it nearby in stores, not just for cheapness, which will become the reason for consumers to put APPs on their mobile phones.</p><p><b>Question 6:</b>At present, the debt ratio of Gome is high. How to plan the future debt reduction plan?</p><p><b>Huang Guangyu: I am really happy that I may lose some money next, and the input cost will be higher than the income. Gome will try to make positive cash flow as much as possible in the future.</b>After accurate online and offline positioning, offline stores are likely to be profitable,<b>It is hoped that the profit of the store will exceed 800 million this year.</b></p><p>The procurement and sales of Gome's supply chain platform pay attention to small profits but quick turnover, high market share and fast capital turnover, and this piece also strives to achieve positive returns. From the perspective of debt ratio, there should not be too much in the future. While building the network, we will also increase some assets and capital to reduce the debt ratio. In recent years, the loss-to-debt ratio is relatively high, and we will solve it as soon as possible.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/21203eb659b73d0c274e40c998fadb8e","relate_stocks":{"00493":"国美零售"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150094003","content_text":"4月7日晚上7点，国美零售举行了全球投资人电话会议，公司创始人黄光裕与首席财务官方巍、企业发展与投资者关系总监张景行一起出席了会议。这也是黄光裕出狱后，首次出席公开会议。方巍首先披露了几个关键经营数字及战略预期：一、目前国美线下有3400多家门店，未来国美计划在18个月内，以“自营+加盟”的模式，将门店扩张到6000家以上。二、今年1季度以来，国美线上平台“真快乐”APP的GMV同比增长近4倍，月活用户为4千万左右。未来18个月内，国美希望通过线下向线上引流，实现月活用户1亿以上。三、现阶段国美主推家电、食品酒水、服饰鞋包、家居家装、日用百货、母婴玩具、美妆个护等七大类目商品采购平台，力争18个月内SKU数量突破50万（家电类从3W拓展到10W，非家电从7W拓展到40W）。四、在供应链平台端，国美2020年销售中非家电占比10%，90%为家电。2021年计划非家电销售占比增长到30%。随后，投资人及券商代表向国美管理层提问，黄光裕对问题做了相应解答。作者对黄光裕的核心观点进行了归纳整理。问题1：对目前传统零售行业发展的整体看法？黄光裕：不论从消费升级还是内循环，零售市场未来增长空间很大。国美从电器品类拓展到全品类，同时进行了线下赋能。国美在这条路上丢失了很多机会和时间，也学习到了很多，有成有败。国美经过几个月的研究，未来将进行供应链拓展，结合线上平台、娱乐化模式，有望在未来18个月内实现既定目标。问题2：真快乐APP的发展路径、娱乐化营销和运营如何理解？黄光裕：真快乐会在线下从标准化产品入手，进而引导商家进行展示体验。未来传统电商展示平台模式会遇到瓶颈，直播、短视频模式体验虽然更好，但很快也会同质化。真正的娱乐化营销是让大家参与进来，用现有的电商模式和娱乐化营销结合起来带货，再将服务和低价作为底层的基本能力来发展。国美会站在C端，向商家提出要求，服务于消费者，跟商家联合卖货。问题3：国美的线下布局未来是否有足够资源支撑？盈利模型是什么？黄光裕：国美门店会分为自营和加盟两种，采取轻资产模式进行。未来将采取直营体系、线下平台结合招商租赁加提成的模式，经营压力相对较小。未来线下有望给线上引流1亿左右。同时这也将解决许多线下门店经营业绩下滑的问题，并建立起社群营销。国美将与更多专业机构合作，将低价、准时配送、娱乐化营销、高品质服务作为核心优势。问题4：国美将如何从家电拓展到全品类？黄光裕：供应链部分我们将分为三块：招商，自营，定制。通过线上、线下平台分离的模式，提升平台竞争力，并不全靠自有供应链来支撑。像拼多多、京东、天猫、抖音开店一样，我们也会做供应链的共建输出，或者通过联合创建公司来拓展途径。在进货端，大家可以共同挖掘自采和定制能力。我们已经组建了专业团队，会继续在社会上招揽专业人才加盟。未来也可能放开股权合作，增强供应链能力。问题5：与拼多多、京东的竞争合作关系如何理解？黄光裕：我们的心态和战略是开放的，谁也灭不了谁。只要经营路径和战略对，谁制约谁都是暂时的。在此前提下，我们不排除和任何一方合作。我们把他们（拼多多和京东）视为成熟的销售平台，我们可以到他们那里去销售、去引流；他们也以开放的心态跟我们合作。他们有规模优势，发展到现在也遇到了瓶颈和短板。未来大家在零售业上最重要比拼的是线上线下、供应链、配送是否有优势，能否形成闭环，在营销、体验、定位有所差异化。国美做娱乐化营销，我们的模式不仅仅是带货，而是希望带动更多人参与，在娱乐过程里进行分享，买货时想到玩，在门店就近体验，不只是为了便宜，这将会成为消费者把APP存在手机上的理由。问题6：国美目前负债率较高，未来减债计划如何规划？黄光裕：真快乐接下来可能会亏一些钱，投入成本会比收入高。国美未来尽可能做到现金流为正。通过线上线下精准定位后，线下门店有可能盈利，希望今年门店部分盈利能够突破8亿。国美供应链平台采销讲究薄利多销、市场份额高、资金周转快，这一块也争取实现收益正向。从负债率看，未来应该不会太多。我们在构建网络的同时也会增加一些资产，增加资本金来减少负债率。这几年的亏损负债率比较高，我们会尽快解决。","news_type":1,"symbols_score_info":{"00493":0.9}},"isVote":1,"tweetType":1,"viewCount":984,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}