@Ultrahisham:Too big to manage Much has been made about $TENCENT(00700)$ 's divestments and what to make of it. In fairness, the huge company has its fingers in too many pies so much so they even seem very greedy! But in honesty, their choice of companies seem to indicate a lean towards the new world economy in the area of video games and fintech as well as a sprinkle of EVs(Nio!). However, it is a very big pie of high growths! And in this current environment, high growths are kind of not the flavour. So it is not surprising they are taking the opportunity to divest, streamline to stay alive. Theyneed to concentrate on what they believe theydo best or what best serves their growth strategy. Most companies (especially high growt
@KYHBKO:As the inflation remains stubborn and growing, it is likely that the Fed will need to introduce more interest rate hikes to tame the inflation beast. For Singaporeans, our CPF (retire account) pays us an interest of about 4.4% per annum. When US bonds hit more than 5%, we can consider this as part of our portfolio? Hopefully, US never default.
@zippy1:Alibaba Group Holding'sBABAshort percent of float has risen 3.98% since its last report. The company recently reported that it has55.07 million shares sold short, which is 2.09% of all regular shares that are available for trading. Based on its trading volume,it would take traders 2.6 days to cover their short positions on average.$Alibaba(BABA)$