$Alibaba(BABA)$  after going through the webcast, judging from available info without analyzing further the statements, this quarter is a confirmation that Baba is no longer growing it's most profitable core segment that has been the growth + cash cow. Digital commerce supposedly grew ~16% & Baba grew 1.4% (GMV not reported) while JD grew 5.1%. Baba will grow & fall together with it's merchants however it seems like merchants were undercut by PDD & Shared with JD Kuaishou & Bytedance. Moving forward, Baba will have to depend on growth from yet to be profitable business, eg. AIDC, CLOUD AI. however both business is an ant compare to their core e-commerce rev & profit margins. Also not profitable yet. Unless they d

$Alibaba(BABA)$  Base on this Share Repurchase Update (Oct 2nd), it's pretty clear that management has repurchased 353 mln ADRs (for a whoppin...USD 27.6Billion!!?) corresponds to 13.66% outstanding shares on a non-dilutive count since Dec'22 quarter which coincides with 2 years duration since start of share repurchase program. Simple calculation would tell you that, your stake in the company would've grown in aggregate 15.82% over the past 2 years. Taking the USD 4B in dividends issued this year, total shareholder returns would total USD31.6B.  If you held the shares on June 13th at closing price USD75.68/share, a USD1.66/share dividend equates to 2.19%. Therefore, Baba has returned 18.01% to her loyal shareholder over the pas

$CHINA EDU GROUP(00839)$ with substantial financing denominated in USD, fed interest rate lowering would be a major driver to it's bottom line. business like universities & vocational schools has traditionally wins favor from the central gov. A combination of long term revenue visibility & lowering financing cost will allow company to repair it's balance sheet significantly & return value to investor via high dividends. 

$Alibaba(BABA)$  Despite the recent massive rally, $BABA remains incredibly cheap… 9.17% NTM FCF yield & >USD$68B in cash/ cash equivalent nett of debt. Management'll likely continue to delever/recapitalize via divestment of non-core assets. With animal spirits back, they can now look at spinning off non-core BU as well... In aggregate, it should revalue the entire issue up several multiples inorganic/organically. Cheers 🥂

$GHY Culture(XJB.SI)$ With improving liquidity conditions in China, increased consumption will accelerate demand for film production & concerts in China. Indirectly, increase demands for it's services & improving business outlook as GHY pays off debt it incurs during covid lockdowns. [Miser]  [Miser]  [Miser]  

$CHINA EDU GROUP(00839)$ Latest announcement on Inside Information with regards to write down incurred on intangible related to University in Australia, Sichuan up to the tune of ~RMB 1.5b (rough figure) resulted in the lowest earnings in history of the group. Management says that it amounts to a hit of ~5% on group's total asset. That's to say Book will reduce by 5% in value. Current pricing trades @  P/B : 0.6; meaning to say this ratio will be adjusted upwards to 0.63; imo, well-discounted taken into account the info provided by the announcement. Why do I say this? A quick glance into the recently published annual report reveals some of the key assumptions in estimating the value of the cash generating units (CGU); Discount rat

$BABA-W(09988)$  Something worth noting here on HK common vs US ADR's. Base on calculation, for the same price per share, HK commons typically valued at a +2.8698% premium compare to US ADR's. You might think if that's the case, why buy in HK? The reason, massive 30% withholding tax on dividends for foreign person in the US. This law greatly tilt the favor towards HK common. Now looking at it, it seems cheaper already to purchase HK common. Happy weekend 😁 #ADRvsHK

$Alibaba(09988)$Never play capitalist game in a communist country. China can never tolerate rich & powerful people leaving freely.Stop dreaming.

$HSTECH(HSTECH)$  Lol a repost from @ahern_brendan How much dry powder do Chinese citizens? $43 trillion in bank deposits (M2) !!!?? Massive

$Alibaba(BABA)$ holy sh!+ Baba is back. 💯😍

$GHY Culture(XJB.SI)$It’s also the only media company on SGX that’s still profitable let alone growing at such powerful rate ???