Long-term readers of this community should know that I am a firm believer in Xiaomi's ecosystem as well as the products that Xiaomi manufactures. Xiaomi's products are not only high specifications but they are also priced very well with users at its heart. Xiaomi SU7, its electric vehicle product is immensely popular and according to what I heard, during this public holiday period, Xiaomi EV stores are very crowded. The long waiting time did not deter people from buying their product, which shows the high specifications as well as a deep understanding of users' demand. All in all, I believe this is just the beginning of XIAOMI'S SHARE PRICE RALLY as long as Chinese tech stocks rebound is intact, geopolitics situation does not worsen and there are no third world war. Xiaomi's current price

EV narrative was so popular back in 2020 and early 2021. Tesla back then had became the meme stock for a big cap company, growing rapidly from 20 to 30 billion USD market cap company to over 600 billion USD market cap company. At one point, if I did not recall wrongly, Tesla almost hits a one trillion USD market cap. Now the narrative is on AI. Anything related to Ai and ai chips is heavily bought. Just look at Nvidia and super micro computer and we saw that Nvidia is about to overtake apple as the second most valuable company in the world. The question then is why did EV fall out of favour? It's not difficult to see that there are many EV companies springing out from china due to conducive policies that encourage the founding of EV companies in china. This explains the immense competition

I am not saying that the markets cannot go up. If you look at what happens, Nasdaq 100 futures went back up after dipping below 14700 before staging a comeback to above 15070 this week. But how did it close by the end of the bell on Friday? It ended below 14900 and closed around 14891. The slight gain from the low of the week at 14600 plus to this level does not mean market has found back the confidence. Sentiment wise there is this possibility that it could always break the level of 14600 and then move down further. Let's take a look at core pce which was not over forecasted number. The markets did initially run up as per what was mentioned earlier, having hit above 15k but it subsequently came down within the first 2 hours of trading. In comparison, hang Seng tech index which seems to be

I am seeing higher probability that Chinese tech stocks have made their bottoms and same for hang Seng tech index, which recently touched above 4660 and ended around 4500 this week. However, for every probability that I ascribe for my own assessment, I believe that it is not a 100 percent certainty that it will happen. China still has to play it's cards right in terms of execution which remains as the biggest risk card to me. Why did I say so? So far if I did not recall wrongly, there are 3 times for which conferences were held by NDRC, etc etc and other state authorities but there are no single measures that lay out clearly the execution plan and the figures to bring about the excitement of consumer spending. Domestic spending still remains the most difficult piece of the puzzle. In Us, d

Alibaba is a company that everyone knows. We even know Charlie Munger did take a position in Alibaba. Is he still holding the shares? This is something that I do not know. Undoubtedly, Alibaba is a very big company, with many lines of businesses. Is Big still pretty now? We will leave my thoughts in response to this question towards the end of the article.Alibaba share price chart (US)Alibaba share price chart (US)If readers remembered, I touched on Alibaba long ago saying that I will not touch Alibaba at current price level. This is not a case of the business problems though it may be on going into the next few years. Rather, one should note that Alibaba share price led the decline of other Chinese tech stocks a couple of months ahead of others. Alibaba's price decline begins way back in

US markets continue to trek higher this week. In fact, after looking at the price movement yesterday, I was of the view that Nasdaq 100 will make another all-time high even before Jerome Powell's speech for Jackson Hole. With points level at 15432, readers who read my articles and posts since the beginning of this year would have noted that my price target of 16,000 is likely to become a reality. Rather than to cover more on what Jerome Powell had spoken yesterday, I would touch on another interesting area, which even I myself was caught by the sudden tide that hit numerous hedge funds that invested in Chinese stocks.Since the Bill Hwang's saga back in March that led to a quick meltdown of Nasdaq 100 futures and several stocks from large to small cap US and Chinese stocks, a number of US b

Online trading will only become more and more prevalent. Will we see a craze over online trading? Taking away the speculation, more and more people have become investors themselves without relying on financial advisers.  The community set up by tiger aims to cultivate a friendly environment for investors to learn from each other. A community formed will provide stability in user numbers as well as loyalty towards the platform. While it is indeed true that GameStop saga has been termed as a massive retail speculation to short squeeze the hedge fund, it reflects a fundamental shift in retail investors' thinking's. With an abundance of information, ordinary folks can be empowered to make smart investment decisions. Time will come when there will be two groups, i.e. investors and tr

Saw news about potential escalation of tensions between Iran and Israel over the weekend. With that, there are reports on Bitcoin falling around 10% at one point. It has since cut back some of the collapse.. To be frank, it is difficult to ascribe a valuation for Bitcoin and cryptocurrencies as the technology, security and concept behind them are not easy for me to think through the product use cases. If this is the case, I will simply see it as a proxy to look at risk assets' sentiment in general. I would not be surprised that in the coming week, the risk assets should display a relatively decent pricing without the fear seen this weekend in relation to Bitcoin's price movement. Why? Its an election year and I do not think Biden would want further escalation. However, we should not forget

160 to 165 USD for $Alibaba(BABA)$is definitely possible. Well but as always, I could be wrong.. no need to rush into Alibaba, tencent or gaming stocks for me considering my current portfolio

I did a weekly review of Chinese broad market on my youtube channel and if you are keen, do use the following link https://youtu.be/_ljbUMlxl2U for the video. Below is one of my watchlists, which I have. For avoidance of doubt, stocks in this watchlist are not of any indications that they are of quality for investments. If you take a quick look of the watchlist, you would note that the number of companies that were UP yesterday, are higher than the number of companies that were DOWN yesterday.Surprisingly, this is not the storyline of yesterday when we saw that broad markets like Dow, Nasdaq 100 and S&P500 are down. Well then is it a case that these counters that I am following are normally of smaller capitalisation sizes? Yes to a certain extent, I have been monitoring small

I didn't investigate this news that mentions that China's state-owned company bought a stake in Kuaishou Tech. I remembered Kuaishou Tech used to be trading more than 400 HKD. At all time low, it was around 31 Hkd. I did ask the question if China will do a temasek or GIC type of concept of fund management so that China can grow its wealth and mentioned it either on this platform or on my twitter account. When I saw the Kuaishou Tech's news, I think it could be "temasek" in the making, at least in terms of concept. Huya at its peak is almost 50 USD but went down to as low as 1.7 USD. This is a slightly different from Kuaishou tech, which focuses on short videos, etc and has its sales by livestreamers. But if China does a "kuaishou" on huya, there is the chance for huya to recover. Yes, I

Took a quick read of Coinbase earnings and the key takeaway is that the year on year performance improvement is superb given the increased commission made from crypto trading on the back of higher crypto prices. Time and again, we see that market interest around crypto and Coinbase depend largely on crypto prices. Bitcoin at one point reaching 73k USD recently and has since fallen back to around 59k USD. All in all, chasing Coinbase now is largely dependent on one's view of crypto. As to how one ascribes value to crypto is a complex art and maybe science and I wouldn't claim to be an expert in this area. I take it as a risk sentiment instrument and the environment now maybe would be kinder to risk sentiment instrument given the worse than expected US job data last night APAC time. I wou

$XIAOMI-W(01810)$happily adding Xiaomi shares in small volume yet again to my big block of Xiaomi shares. Executing what I said on last Thursday and Friday. This is an investment and not trading position. $Futu Holdings Limited(FUTU)$$Robinhood Markets, Inc.(HOOD)$$AMC Entertainment(AMC)$$BlackBerry(BB)$S

Saw it as high at 28.3 HKD during premarket from 9 to 930 am. $XIAOMI-W(01810)$just burst up on top n don't come back. Will you? Who knows for sure

$XIAOMI-W(01810)$ $JD-SW(09618)$ $Pinduoduo Inc.(PDD)$ $Alibaba(BABA)$ $TENCENT(00700)$  Saw a news that JD would be spinning off its entity in a way that has a structure similar to that of Alibaba. Post announcement, JD adr rallied and this brought up hang Seng tech futures as well. Readers will know that I watch the 4400 points closely and this morning so far, it has gone up to 4395. I remembered there is an important China data coming out today and if it turns out very positively and strongly, there is a good chance for this to break above 4400 poi

$Tuya Inc.(TUYA)$sharing for tiger coins only. I wrote a short article on this company 2 days back saying that it may not be wise to have a stake given current headwinds from both us and china. more from current equity exposure perspective though

$DouYu(DOYU)$douyu results out next Monday and Huya on next Tuesday? $Huya Inc.(HUYA)$well let's see how it goes. My theory is one will excel and the other will underperform. I place my bets on Huya. Just counted Huya viewer number on its platform and saw at least 200 million viewers. As always this should not be construed as any investment or trading advice.

I saw an announcement saying that huya has changed its licensing agreement with Tencent pertaining to the rights to be the exclusive party to stream games and having the rights to sublicense to others. This immediate financial impact is that from a 500 million rmb amortisation switches to a 150 million rmb amortisation for such gamestreaming rights. Financially, it has an immediate uplift and drastically reduces the operating expenses. On a deeper level, I believe Huya is thinking of whether should it focus only on gaming streaming since it's a competitive field with players like Bilibili, kuaishou, douyu and possibly Tiktok's china subsidiary. If it pivots, it has a level of uncertainty but to me, this level of uncertainty is good as it creates optionality for huya to find new revenue str

$XIAOMI-W(01810)$  Xiaomi updated that it has recorded over 19.4 billion rmb of sales for the 618 event in 2023 and this is 4.4 billion rmb higher than the same event last year. All in all, this is a good news to me. The recent negative narrative by shortsellers against Xiaomi is that they are squeezed by India regulators by confiscating Xiaomi's legitimate funds of 4 over billion rmb. To the naysayers, this is a news that they leverage on by saying that Xiaomi is losing its market share in India and hence it's revenue would suffer. However, being an international mnc, Xiaomi has various international channels to offload it's stocks and it's domestic channel did also help. The 618 event in China certainly helps and let's not forget that In