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Soontonghuat

Soontonghuat

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2021-07-29

$CAPITALAND RETAIL CHINA TRUST(AU8U.SI)$40% increase in DPU. Comfortable Gearing Ratio. Time to go up before ex div and acquire some data centres!

2021-05-15

$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$Great result. Monday should be easily up to ~0.700. Few more months and recovery will continue. This is not a counter for the short term. Hold tight, Beerco IPO and strong fundamentals including a resillient spirits business will make this a great value stockwith limited downside. Vested @0.705~

2021-03-15

$BOUSTEAD SINGAPORE LIMITED(F9D.SI)$A Champion in the Making with Catalysts onthe Horizon- Divestment of 53% owned Boustead Projects legacy property, potential special dividend declared soon- Rebound of Energy Engineering sector with recovery of O&G- Steady growth of key profit generator Geospatial sector with high margins, new contract signed with Aussie Govt and strong, stable recurrent source of income- Slowly but surely growing Healthcare sector- Strong Net Cash position- Analyst TP $1.20Underrated Gem in the Making. Get it before the surge.

2021-02-02

Bubble time

‘We’re at this point where stock markets are just ludicrous,’ says Carson Block

2021-02-01

Short..

Sorry, the original content has been removed

2021-01-31

Too bad

Southeastern Grocers Postpones Initial Public Offering

2021-01-30

Hahaha

GameStop's plunge wipes out US$11 billion as platforms curb trades

2021-01-30

Nice china

China Starts Earnings With 9 in 10 Firms Expecting Higher Profit

2021-01-28

Not worth it

KKR’s Big Bet on India Credit Turned From Windfall to Wipeout

2021-01-27

Really?

Ant Group will see 'results' if follows legal processes after IPO suspension -c.bank governor

Go to Tiger App to see more news

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Time to go up before ex div and acquire some data centres!","images":[{"img":"https://static.tigerbbs.com/f3c83e9865c7a149c89a7cabc908624e","width":"750","height":"1224"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":17,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/801509915","isVote":1,"tweetType":1,"viewCount":1265,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3567501646881888","authorId":"3567501646881888","name":"jel09","avatar":"https://static.tigerbbs.com/f901d555d7c5da6f07bf16010316a269","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3567501646881888","idStr":"3567501646881888"},"content":"small fish joining in","text":"small fish joining in","html":"small fish joining in"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":196659543,"gmtCreate":1621050836282,"gmtModify":1704352471918,"author":{"id":"3566210733768327","authorId":"3566210733768327","name":"Soontonghuat","avatar":"https://static.tigerbbs.com/59798fa98f38b8f9572d4201a9cbae42","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566210733768327","idStr":"3566210733768327"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/Y92.SI\">$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$</a>Great result. 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Hold tight, Beerco IPO and strong fundamentals including a resillient spirits business will make this a great value stockwith limited downside. Vested @0.705~","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/196659543","isVote":1,"tweetType":1,"viewCount":1018,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3578472165464903","authorId":"3578472165464903","name":"Siewleerocks","avatar":"https://static.tigerbbs.com/f00504e0b6e3e8236e593d86c0ce08ed","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3578472165464903","idStr":"3578472165464903"},"content":"To the moon [Miser]","text":"To the moon [Miser]","html":"To the moon [Miser]"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322144366,"gmtCreate":1615787998455,"gmtModify":1704786487959,"author":{"id":"3566210733768327","authorId":"3566210733768327","name":"Soontonghuat","avatar":"https://static.tigerbbs.com/59798fa98f38b8f9572d4201a9cbae42","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566210733768327","idStr":"3566210733768327"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/F9D.SI\">$BOUSTEAD SINGAPORE LIMITED(F9D.SI)$</a>A Champion in the Making with Catalysts onthe Horizon- Divestment of 53% owned Boustead Projects legacy property, potential special dividend declared soon- Rebound of Energy Engineering sector with recovery of O&amp;G- Steady growth of key profit generator Geospatial sector with high margins, new contract signed with Aussie Govt and strong, stable recurrent source of income- Slowly but surely growing Healthcare sector- Strong Net Cash position- Analyst TP $1.20Underrated Gem in the Making. 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Get it before the surge.&nbsp;","text":"$BOUSTEAD SINGAPORE LIMITED(F9D.SI)$A Champion in the Making with Catalysts onthe Horizon- Divestment of 53% owned Boustead Projects legacy property, potential special dividend declared soon- Rebound of Energy Engineering sector with recovery of O&G- Steady growth of key profit generator Geospatial sector with high margins, new contract signed with Aussie Govt and strong, stable recurrent source of income- Slowly but surely growing Healthcare sector- Strong Net Cash position- Analyst TP $1.20Underrated Gem in the Making. Get it before the surge.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":21,"repostSize":1,"link":"https://ttm.financial/post/322144366","isVote":1,"tweetType":1,"viewCount":706,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3567501646881888","authorId":"3567501646881888","name":"jel09","avatar":"https://static.tigerbbs.com/f901d555d7c5da6f07bf16010316a269","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3567501646881888","idStr":"3567501646881888"},"content":"Good shout! Getting more of this and waiting for the surge.","text":"Good shout! Getting more of this and waiting for the surge.","html":"Good shout! Getting more of this and waiting for the surge."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":315682492,"gmtCreate":1612243887816,"gmtModify":1704868635529,"author":{"id":"3566210733768327","authorId":"3566210733768327","name":"Soontonghuat","avatar":"https://static.tigerbbs.com/59798fa98f38b8f9572d4201a9cbae42","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566210733768327","idStr":"3566210733768327"},"themes":[],"htmlText":"Bubble time","listText":"Bubble time","text":"Bubble time","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":63,"repostSize":0,"link":"https://ttm.financial/post/315682492","repostId":"1109554256","repostType":4,"repost":{"id":"1109554256","pubTimestamp":1612235491,"share":"https://ttm.financial/m/news/1109554256?lang=&edition=fundamental","pubTime":"2021-02-02 11:11","market":"us","language":"en","title":"‘We’re at this point where stock markets are just ludicrous,’ says Carson Block","url":"https://stock-news.laohu8.com/highlight/detail?id=1109554256","media":"marketwatch","summary":"The founder of San Francisco-based Muddy Waters, who made his name shorting Chinese stocks, told Mar","content":"<p>The founder of San Francisco-based Muddy Waters, who made his name shorting Chinese stocks, told MarketWatch in a Monday-afternoon interview that the dust-up between a select group of individual investors using Reddit chat forums and a clutch of professional investors highlights the problems swirling in a market that has been buttressed by easy-money policies from the Federal Reserve and government aid to help stem the economic harm from the COVID-19 pandemic.</p>\n<p>Asked if his view that markets are ludicrous centered on the hubbub surrounding retail trading that has fostered precipitous gains in shares of companies like GameStop Corp.GME,-30.77%,AMC Entertainment HoldingsAMC,+0.30%,Koss Corp.KOSS,-45.31%and BlackBerry Ltd.BB,+3.76%,Block had a simple answer: “Abosolutely.”</p>\n<p>“There’s no fundamentals that justify…a stock rising 15x where it was a few weeks ago,” Block said, referring to individual investors who congregate on sites like Reddit message boards&nbsp;and have been credited with boosting theshare prices of struggling companiesand in the process crippling short-selling hedge funds that had bet against those companies.</p>\n<p>Block, a prominent short seller, said that last week it was as if some of the so-called meme stocks, championed by groups of individual investors, were taking away from liquidity in the broader market.</p>\n<p>“We saw that degrossing of hedge funds and if you continue to see that…things can break every quickly.”</p>\n<p>The advance in heavily shorted shares targeted by the army of individual investors has already been blamed for troubles with a number of funds.</p>\n<p>Melvin Capital Management, one of the hedge funds seen at the center of the kerfuffle over GameStop, lost 53% on its investments in January, while Maplelane Capital ended January with a roughly 45% loss,The Wall Street Journal wrote, citing people familiar with the matters.</p>\n<p>On top of that, famed short seller Andrew Left, founder of Citron Research, last Friday said he was altering his strategy, and would no longer publish short-selling reports.</p>\n<p>Block said that Muddy Waters has been pivoting more toward long investing in recent years, but said that he still views his brand of short selling and pointing out malfeasance as useful.</p>\n<p>“I believe&nbsp;at the end of the day, that the research that we produce has utility. It has led to eight delistings…and a [Justice Department] case against tariff evasion,” he said.</p>\n<p>Ultimately, he said Muddy Waters would continue its work and that the market would determine whether it becomes uneconomical.</p>\n<p>Beyond investing, Carson launchedZer0es.TVlast year, with the intent of providing in-depth discussions about short selling and investing. In a recent video, he said that angst emanating from Redditors may also reflect pent-up frustration with COVID confinement and a desire to disrupt establishment structures as the gap between the wealthy and the impoverished widens.</p>\n<p>He said that the new landscape of social-media-driven trading may result in pros being more nimble.</p>\n<p>“We may just have to be more creative and smart in how we structure trades&nbsp;and manage risk,” he added, suggesting that pro investors may need to structure more complex trades to avoid being blown out of some positions.</p>\n<p>Block said he’s not betting that the markets will break down soon, but warned that we are at a point in the cycle where anything can go wrong.</p>\n<p>“We’re not in a tightening cycle, but there are a lot of things that can go wrong and can have a knock-on effect to the market, and a market that is very much tied to flows,” Block said.</p>\n<p>“I’m not taking the view that it’s about to end soon,” he said.</p>\n<p>On Monday, the market regained some of the ground lost in Friday’s drubbing, with the Dow Jones Industrial AverageDJIA,+0.76%,the S&amp;P 500 indexSPX,+1.61%and the Nasdaq Composite IndexCOMP,+2.55%finishing solidly higher.</p>\n<p>Block rose to fame in 2011 after he revealed fraudulent practices at Chinese forestry company Sino-Forest Corp., which ended up filing for bankruptcy the following year.</p>\n<p>Block, on hisZer0es.TVwebcast, said he has little doubt about where this ends for individual investors, and described popular trading platform Robinhood as selling their clients to market makers, who in turn pay them for customer information, known as payment for order flow.</p>\n<p>“When you look at Robinhood, it’s the ultimate manifestation of the Silicon Valley model, right? You know, we are the products that are sold when you’re using Twitter, Gmail, etc.,” he said.</p>\n<p>“I have no doubt where this ends, right … for retail — I mean, in tears.”</p>","source":"lsy1603348471595","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>‘We’re at this point where stock markets are just ludicrous,’ says Carson Block</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; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘We’re at this point where stock markets are just ludicrous,’ says Carson Block\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-02 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/were-at-this-point-where-stock-markets-are-just-ludicrous-says-carson-block-11612223605?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The founder of San Francisco-based Muddy Waters, who made his name shorting Chinese stocks, told MarketWatch in a Monday-afternoon interview that the dust-up between a select group of individual ...</p>\n\n<a href=\"https://www.marketwatch.com/story/were-at-this-point-where-stock-markets-are-just-ludicrous-says-carson-block-11612223605?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/were-at-this-point-where-stock-markets-are-just-ludicrous-says-carson-block-11612223605?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109554256","content_text":"The founder of San Francisco-based Muddy Waters, who made his name shorting Chinese stocks, told MarketWatch in a Monday-afternoon interview that the dust-up between a select group of individual investors using Reddit chat forums and a clutch of professional investors highlights the problems swirling in a market that has been buttressed by easy-money policies from the Federal Reserve and government aid to help stem the economic harm from the COVID-19 pandemic.\nAsked if his view that markets are ludicrous centered on the hubbub surrounding retail trading that has fostered precipitous gains in shares of companies like GameStop Corp.GME,-30.77%,AMC Entertainment HoldingsAMC,+0.30%,Koss Corp.KOSS,-45.31%and BlackBerry Ltd.BB,+3.76%,Block had a simple answer: “Abosolutely.”\n“There’s no fundamentals that justify…a stock rising 15x where it was a few weeks ago,” Block said, referring to individual investors who congregate on sites like Reddit message boards and have been credited with boosting theshare prices of struggling companiesand in the process crippling short-selling hedge funds that had bet against those companies.\nBlock, a prominent short seller, said that last week it was as if some of the so-called meme stocks, championed by groups of individual investors, were taking away from liquidity in the broader market.\n“We saw that degrossing of hedge funds and if you continue to see that…things can break every quickly.”\nThe advance in heavily shorted shares targeted by the army of individual investors has already been blamed for troubles with a number of funds.\nMelvin Capital Management, one of the hedge funds seen at the center of the kerfuffle over GameStop, lost 53% on its investments in January, while Maplelane Capital ended January with a roughly 45% loss,The Wall Street Journal wrote, citing people familiar with the matters.\nOn top of that, famed short seller Andrew Left, founder of Citron Research, last Friday said he was altering his strategy, and would no longer publish short-selling reports.\nBlock said that Muddy Waters has been pivoting more toward long investing in recent years, but said that he still views his brand of short selling and pointing out malfeasance as useful.\n“I believe at the end of the day, that the research that we produce has utility. It has led to eight delistings…and a [Justice Department] case against tariff evasion,” he said.\nUltimately, he said Muddy Waters would continue its work and that the market would determine whether it becomes uneconomical.\nBeyond investing, Carson launchedZer0es.TVlast year, with the intent of providing in-depth discussions about short selling and investing. In a recent video, he said that angst emanating from Redditors may also reflect pent-up frustration with COVID confinement and a desire to disrupt establishment structures as the gap between the wealthy and the impoverished widens.\nHe said that the new landscape of social-media-driven trading may result in pros being more nimble.\n“We may just have to be more creative and smart in how we structure trades and manage risk,” he added, suggesting that pro investors may need to structure more complex trades to avoid being blown out of some positions.\nBlock said he’s not betting that the markets will break down soon, but warned that we are at a point in the cycle where anything can go wrong.\n“We’re not in a tightening cycle, but there are a lot of things that can go wrong and can have a knock-on effect to the market, and a market that is very much tied to flows,” Block said.\n“I’m not taking the view that it’s about to end soon,” he said.\nOn Monday, the market regained some of the ground lost in Friday’s drubbing, with the Dow Jones Industrial AverageDJIA,+0.76%,the S&P 500 indexSPX,+1.61%and the Nasdaq Composite IndexCOMP,+2.55%finishing solidly higher.\nBlock rose to fame in 2011 after he revealed fraudulent practices at Chinese forestry company Sino-Forest Corp., which ended up filing for bankruptcy the following year.\nBlock, on hisZer0es.TVwebcast, said he has little doubt about where this ends for individual investors, and described popular trading platform Robinhood as selling their clients to market makers, who in turn pay them for customer information, known as payment for order flow.\n“When you look at Robinhood, it’s the ultimate manifestation of the Silicon Valley model, right? You know, we are the products that are sold when you’re using Twitter, Gmail, etc.,” he said.\n“I have no doubt where this ends, right … for retail — I mean, in tears.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":1201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312766125,"gmtCreate":1612183926667,"gmtModify":1704867883483,"author":{"id":"3566210733768327","authorId":"3566210733768327","name":"Soontonghuat","avatar":"https://static.tigerbbs.com/59798fa98f38b8f9572d4201a9cbae42","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566210733768327","idStr":"3566210733768327"},"themes":[],"htmlText":"Short..","listText":"Short..","text":"Short..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/312766125","repostId":"1150739186","repostType":4,"isVote":1,"tweetType":1,"viewCount":1228,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312150554,"gmtCreate":1612072282178,"gmtModify":1704867132036,"author":{"id":"3566210733768327","authorId":"3566210733768327","name":"Soontonghuat","avatar":"https://static.tigerbbs.com/59798fa98f38b8f9572d4201a9cbae42","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566210733768327","idStr":"3566210733768327"},"themes":[],"htmlText":"Too&nbsp;bad","listText":"Too&nbsp;bad","text":"Too bad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":13,"repostSize":0,"link":"https://ttm.financial/post/312150554","repostId":"2107829287","repostType":4,"repost":{"id":"2107829287","pubTimestamp":1611887400,"share":"https://ttm.financial/m/news/2107829287?lang=&edition=fundamental","pubTime":"2021-01-29 10:30","market":"us","language":"en","title":"Southeastern Grocers Postpones Initial Public Offering","url":"https://stock-news.laohu8.com/highlight/detail?id=2107829287","media":"StreetInsider","summary":"Southeastern Grocers, Inc. (“Southeastern Grocers” or the “Company”) today announced that it has pos","content":"<p><a href=\"https://laohu8.com/S/SEGR\">Southeastern Grocers, Inc.</a> (“Southeastern Grocers” or the “Company”) today announced that it has postponed its previously announced initial public offering. The Company will continue to evaluate the timing for the proposed offering as market conditions develop.</p>\n<p>A registration statement relating to the proposed sale of these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.</p>\n<p><b>About Southeastern Grocers</b></p>\n<p>Southeastern Grocers, parent company and home of BI-LO, Fresco y Más, Harveys Supermarket and Winn-Dixie grocery stores, is <a href=\"https://laohu8.com/S/AONE\">one</a> of the largest conventional supermarket companies in the U.S. SEG grocery stores, liquor stores and in-store pharmacies serve communities throughout the seven southeastern states of Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina and South Carolina. BI-LO, Fresco y Más, Harveys Supermarket and Winn-Dixie are well-known and well-respected regional brands with deep heritages, strong neighborhood ties, proud histories of giving back, talented and caring associates and strong commitments to providing the best possible quality and value to customers.</p>","source":"highlight_streetinsider","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>Southeastern Grocers Postpones Initial Public Offering</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoutheastern Grocers Postpones Initial Public Offering\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-29 10:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=17882604><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Southeastern Grocers, Inc. (“Southeastern Grocers” or the “Company”) today announced that it has postponed its previously announced initial public offering. The Company will continue to evaluate the ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=17882604\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=17882604","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2107829287","content_text":"Southeastern Grocers, Inc. (“Southeastern Grocers” or the “Company”) today announced that it has postponed its previously announced initial public offering. The Company will continue to evaluate the timing for the proposed offering as market conditions develop.\nA registration statement relating to the proposed sale of these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\nAbout Southeastern Grocers\nSoutheastern Grocers, parent company and home of BI-LO, Fresco y Más, Harveys Supermarket and Winn-Dixie grocery stores, is one of the largest conventional supermarket companies in the U.S. SEG grocery stores, liquor stores and in-store pharmacies serve communities throughout the seven southeastern states of Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina and South Carolina. BI-LO, Fresco y Más, Harveys Supermarket and Winn-Dixie are well-known and well-respected regional brands with deep heritages, strong neighborhood ties, proud histories of giving back, talented and caring associates and strong commitments to providing the best possible quality and value to customers.","news_type":1},"isVote":1,"tweetType":1,"viewCount":924,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312381252,"gmtCreate":1612021371476,"gmtModify":1704866979565,"author":{"id":"3566210733768327","authorId":"3566210733768327","name":"Soontonghuat","avatar":"https://static.tigerbbs.com/59798fa98f38b8f9572d4201a9cbae42","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566210733768327","idStr":"3566210733768327"},"themes":[],"htmlText":"Hahaha&nbsp;","listText":"Hahaha&nbsp;","text":"Hahaha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/312381252","repostId":"2107295294","repostType":4,"repost":{"id":"2107295294","pubTimestamp":1611869457,"share":"https://ttm.financial/m/news/2107295294?lang=&edition=fundamental","pubTime":"2021-01-29 05:30","market":"sg","language":"en","title":"GameStop's plunge wipes out US$11 billion as platforms curb trades","url":"https://stock-news.laohu8.com/highlight/detail?id=2107295294","media":"The Straits Times","summary":"NEW YORK (BLOOMBERG) - GameStop snapped a dizzying six-day rally to wipe out nearly US$11 billion in","content":"<div>\n<p>NEW YORK (BLOOMBERG) - GameStop snapped a dizzying six-day rally to wipe out nearly US$11 billion in market value after moves by brokerages to curb trading of the stock on their apps whipped up ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/gamestops-plunge-wipes-out-us11-billion-as-platforms-curb-trades\">Web Link</a>\n\n</div>\n","source":"straits_highlight","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>GameStop's plunge wipes out US$11 billion as platforms curb trades</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop's plunge wipes out US$11 billion as platforms curb trades\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-29 05:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/gamestops-plunge-wipes-out-us11-billion-as-platforms-curb-trades><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (BLOOMBERG) - GameStop snapped a dizzying six-day rally to wipe out nearly US$11 billion in market value after moves by brokerages to curb trading of the stock on their apps whipped up ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/gamestops-plunge-wipes-out-us11-billion-as-platforms-curb-trades\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://www.straitstimes.com/business/companies-markets/gamestops-plunge-wipes-out-us11-billion-as-platforms-curb-trades","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2107295294","content_text":"NEW YORK (BLOOMBERG) - GameStop snapped a dizzying six-day rally to wipe out nearly US$11 billion in market value after moves by brokerages to curb trading of the stock on their apps whipped up volatility and enraged the company's retail fanbase.\nThe stock plunged 44 per cent on Thursday (Jan 28) after Robinhood Markets, Interactive Brokers Group and others took steps to curtail activity in several high-flying stocks, including GameStop and AMC Entertainment Holdings.\nE*Trade Financial is preventing customers from purchasing shares of both firms, according to a person familiar with the matter.\nThe video-game retailer triggered 19 volatility halts on its way to shedding more than twice what it was worth on Monday. Volume also fell, with about 55 million shares traded by Thursday afternoon, a far cry from Friday's record of 197 million.\nThe trading curbs resulted in howls of outrage on Reddit's WallStreetBets forum, which has been the launching point for many of this week's blistering rallies, and Robinhood was hit by lawsuits from customers.\nIt also prompted lawmakers to criticise restrictions imposed on retail investors.\nDemocratic Senator Sherrod Brown, the incoming Senate banking chairman, said he plans to hold a hearing on the \"current state of the stock market.\"\nThe clampdown by brokerages extended beyond GameStop to other popular stocks such as BlackBerry that have surged this week, burning short sellers and hedge funds.\nThe phenomenon attracted the attention of regulators on Wednesday, with the Securities and Exchange Commission saying it was actively monitoring the situation.\n\"The inability to trade depressed the volume, and high volume is what kept the stock trading at a high level,\" said Wedbush Securities analyst Michael Pachter.\n\"I'm actually surprised the trading platforms think they can manage the market this way, and expect they will reverse their decision shortly.\nGameStop, others tumble as Robinhood restricts trades\nFor a brief moment on Thursday morning, GameStop became the biggest stock on the Russell 2000, taking over from Plug Power. The video-game retailer has advanced more than 900 per cent this year, fuelling a rally in retail trading across the board and leading some short sellers to throw in the towel. However, that rally seemed to stall out on Thursday.\n\"With a company like GameStop, at some point it comes back to Earth. Even the folks on Reddit know that,\" said Jerry Braakman, chief investment officer of First American Trust in Santa Ana, California, which manages around US$2 billion. \"The market's going to find the right price, the price that's not a short-term squeeze price.\"\nMore on this topic\nRelated Story\nSenate panel to hold hearing amid GameStop frenzy\nRelated Story\n4 things to know about the GameStop insanity\nTrading has remained volatile since the last regular US session, in which the stock rose 135 per cent. Gains were briefly pared postmarket after the Reddit page that has fuelled this month's surge was made private and then later reopened by the group's moderators.\nIn the time the original WallStreetBets board was down, an alternate forum called Wallstreetbetsnew topped 350,000 members.\n\"This will burn itself out, like any other mania, but there will likely to be some impact on the market as a whole,\" said Marshall Front, chief investment officer at Front Barnett Associates. \"That these eye-popping moves happen after a nearly 70 per cent move in the S&P since March shows there's plenty of room for a pullback.\"\nBest-case scenario\nGameStop shares would be worth US$125.75 in a best-case scenario, compared to its close of US$193.60, said Baird analyst Colin Sebastian. That assumes a successful transition that maintains its current market share, preserves its used-game business, and diversifies into other services, he wrote in a report.\nMore on this topic\nRelated Story\nEpic battle over GameStop as 'nerds' take on Wall Street\nRelated Story\nReddit's WallStreetBets briefly goes dark after fueling GameStop surge\nSebastian laid out four different scenarios for the stock, ranging from \"bright blue sky\" to \"storm cloud.\"\nBaird has a US$13 share price target with a hold-equivalent rating.\nShorts exit\nGameStop's rise has prompted analysts at Citigroup to warn investors that some exchange-traded funds face an outsized influence from the video-game retailer as its boom has altered their composition.\nAnalyst Scott Chronert advised clients to take \"special note\" of ETFs that incorporate leverage in their funds. A larger allocation to the stock may materially change fund performance for now until rebalance dates occur, he said in a report.\nWhy regulators may scrutinize Reddit's GameStop gambit\nThe Reddit community has dominated equities trading all week as retail traders target heavily shorted shares, causing ripples across the market. Investors including Melvin Capital closed out its short position on GameStop, while Muddy Waters' Carson Block said he \"massively reduced\" its short positions in recent days to avoid getting burned.\n\"It's hard to say what is next, but the chat room investors may not go away so easily,\" said Joseph Feldman, analyst at Telsey Advisory Group.\nHe double-downgraded the stock to underperform from outperform on Monday, removing GameStop's only buy-equivalent recommendation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":783,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312381009,"gmtCreate":1612021156201,"gmtModify":1704866978756,"author":{"id":"3566210733768327","authorId":"3566210733768327","name":"Soontonghuat","avatar":"https://static.tigerbbs.com/59798fa98f38b8f9572d4201a9cbae42","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566210733768327","idStr":"3566210733768327"},"themes":[],"htmlText":"Nice china","listText":"Nice china","text":"Nice china","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":8,"repostSize":0,"link":"https://ttm.financial/post/312381009","repostId":"1181933127","repostType":4,"repost":{"id":"1181933127","pubTimestamp":1611913647,"share":"https://ttm.financial/m/news/1181933127?lang=&edition=fundamental","pubTime":"2021-01-29 17:47","market":"sg","language":"en","title":"China Starts Earnings With 9 in 10 Firms Expecting Higher Profit","url":"https://stock-news.laohu8.com/highlight/detail?id=1181933127","media":"Yahoo finance","summary":"Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investor","content":"<p>Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investors a stronger fundamental backdrop after stocks sank this week.</p>\n<p>Among the 1,200-odd firms listed in mainland China that issued preliminary results in January, 75% have said earnings rose last year, according to data compiled by Bloomberg as of Thursday. Firms in the communication services and health care sectors are set to report the biggest growth, followed by consumer staples and technology. Listed companies have until Sunday to announce significant changes in earnings.</p>\n<p>Evidence of China Inc.’s resilience to the slowest economic growth in four decades due to the coronavirus, capped by a stronger-than-expected fourth quarter, may offer relief to investors. The CSI 300 Index, which tracks the biggest firms in China, has dropped 4.4% the past three days from a 13-year high, raising worries that a near-term peak has been reached. That lost momentum came as the central bank withdraws liquidity and a central bank adviser warned of asset bubbles.</p>\n<p>“The stock rally we’ve seen this year has been obviously driven by liquidity -- now it needs fundamental reasons to be sustainable,” said Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd. “The market needs the actual results to be even better than the estimates we’ve had so far to keep rallying.”</p>\n<p>China’s exchange operators require companies that are expected to record losses, to turn from losses to profit, or to see income rise by more than 50% to issue preliminary guidance by the end of January. There are more than 4,000 companies listed in the mainland overall, and most are scheduled to release official numbers in March. Among the forecasters, Sansure Biotech Inc. estimated profit soared as much as 7,257% last year while Hengtong Logistics Co. predicted earnings surged as much as 4,673% from 2019’s level.</p>\n<p>Forecasts have helped boost many Chinese stocks to start 2020. Bank shares jumped earlier this month after China Merchants Bank Co. and Industrial Bank Co. reported stronger-than-expected preliminary 2020 earnings. Muyuan Foods Co. also surged after its forecast on Tuesday.</p>\n<p>Companies’ estimates have been far rosier than what analysts have been expecting. According to Bloomberg data, 2020 profit among CSI 300 members are expected to have fallen an average 7.7%. That would be the first decline in four years.</p>\n<p>(Corrects percentage in second paragraph)</p>\n<p>For more articles like this, please visit us atbloomberg.com</p>\n<p>Subscribe nowto stay ahead with the most trusted business news source.</p>","source":"yahoofinance_sg","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>China Starts Earnings With 9 in 10 Firms Expecting Higher Profit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Starts Earnings With 9 in 10 Firms Expecting Higher Profit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-29 17:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/china-starts-earnings-9-10-200000779.html><strong>Yahoo finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investors a stronger fundamental backdrop after stocks sank this week.\nAmong the 1,200-odd firms listed in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/china-starts-earnings-9-10-200000779.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://finance.yahoo.com/news/china-starts-earnings-9-10-200000779.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181933127","content_text":"Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investors a stronger fundamental backdrop after stocks sank this week.\nAmong the 1,200-odd firms listed in mainland China that issued preliminary results in January, 75% have said earnings rose last year, according to data compiled by Bloomberg as of Thursday. Firms in the communication services and health care sectors are set to report the biggest growth, followed by consumer staples and technology. Listed companies have until Sunday to announce significant changes in earnings.\nEvidence of China Inc.’s resilience to the slowest economic growth in four decades due to the coronavirus, capped by a stronger-than-expected fourth quarter, may offer relief to investors. The CSI 300 Index, which tracks the biggest firms in China, has dropped 4.4% the past three days from a 13-year high, raising worries that a near-term peak has been reached. That lost momentum came as the central bank withdraws liquidity and a central bank adviser warned of asset bubbles.\n“The stock rally we’ve seen this year has been obviously driven by liquidity -- now it needs fundamental reasons to be sustainable,” said Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd. “The market needs the actual results to be even better than the estimates we’ve had so far to keep rallying.”\nChina’s exchange operators require companies that are expected to record losses, to turn from losses to profit, or to see income rise by more than 50% to issue preliminary guidance by the end of January. There are more than 4,000 companies listed in the mainland overall, and most are scheduled to release official numbers in March. Among the forecasters, Sansure Biotech Inc. estimated profit soared as much as 7,257% last year while Hengtong Logistics Co. predicted earnings surged as much as 4,673% from 2019’s level.\nForecasts have helped boost many Chinese stocks to start 2020. Bank shares jumped earlier this month after China Merchants Bank Co. and Industrial Bank Co. reported stronger-than-expected preliminary 2020 earnings. Muyuan Foods Co. also surged after its forecast on Tuesday.\nCompanies’ estimates have been far rosier than what analysts have been expecting. According to Bloomberg data, 2020 profit among CSI 300 members are expected to have fallen an average 7.7%. That would be the first decline in four years.\n(Corrects percentage in second paragraph)\nFor more articles like this, please visit us atbloomberg.com\nSubscribe nowto stay ahead with the most trusted business news source.","news_type":1},"isVote":1,"tweetType":1,"viewCount":783,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":311508792,"gmtCreate":1611807621216,"gmtModify":1704863748342,"author":{"id":"3566210733768327","authorId":"3566210733768327","name":"Soontonghuat","avatar":"https://static.tigerbbs.com/59798fa98f38b8f9572d4201a9cbae42","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566210733768327","idStr":"3566210733768327"},"themes":[],"htmlText":"Not worth it","listText":"Not worth it","text":"Not worth it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":9,"repostSize":0,"link":"https://ttm.financial/post/311508792","repostId":"2106640231","repostType":4,"repost":{"id":"2106640231","pubTimestamp":1611772200,"share":"https://ttm.financial/m/news/2106640231?lang=&edition=fundamental","pubTime":"2021-01-28 02:30","market":"us","language":"en","title":"KKR’s Big Bet on India Credit Turned From Windfall to Wipeout","url":"https://stock-news.laohu8.com/highlight/detail?id=2106640231","media":"Bloomberg","summary":"(Bloomberg) -- Few asset managers have enjoyed more success in the riskier corners of credit than KK","content":"<p>(Bloomberg) -- Few asset managers have enjoyed more success in the riskier corners of credit than KKR &amp; Co.</p>\n<p>But after a decade-long attempt to wring big returns from India, the Wall Street titan has become a cautionary tale for investors in <a href=\"https://laohu8.com/S/AONE\">one</a> of the world’s most tantalizing emerging markets.</p>\n<p>Rocked by the shadow-banking crisis that began rippling through India’s financial system 2 1/2 years ago, KKR’s local credit unit lost 15.16 billion rupees ($207 million) in the final nine months of 2019, wiping out nearly 40% of its capital. While the unit posted a small profit last year as India’s central bank pumped record amounts of cash into the Covid-battered economy, KKR is now in the process of merging the business with a competitor.</p>\n<p>It’s a steep fall from grace for a venture that extended about $800 million of loans at its peak and at <a href=\"https://laohu8.com/S/AONE.U\">one</a> point seemed poised to deliver a windfall to KKR in the form of an initial public offering. By late 2019, just before the pandemic plunged India into its worst recession on record, KKR had determined that more than half the loans at the unit -- called KKR India Financial Services Ltd. -- were at risk of default.</p>\n<p>With a growing number of international money managers now looking for opportunities to sift through the wreckage of India’s debt markets, the story behind KKR’s troubled bet illustrates what can go wrong. Interviews with a dozen people familiar with the firm’s Indian operations, most of whom asked not to be identified discussing private information, point to missteps that include questionable underwriting assumptions and a decision to accelerate lending in the lead-up to the 2018 crisis.</p>\n<p>“They wrote large checks in rapid succession to balance sheets that didn’t have the size or capability to repay,” said Amit Goenka, a managing director of Nisus Finance Services Co. and two-decade veteran of India’s credit markets.</p>\n<p>In a response to questions from Bloomberg, KKR said its India credit unit enjoys a strong liquidity position and will keep looking for ways to expand.</p>\n<p>“When we saw what was happening in the market, we rallied around our business -- locally and globally -- and created a task force that has been proactive in managing the portfolio and performance of the business,” KKR said.</p>\n<p>The India credit unit recorded a pretax profit of about $9.7 million in 2020, according to one person familiar with the matter.</p>\n<p>While KKR was among the most high-profile casualties of the 2018 crisis, it was far from the worst hit. Four of India’s largest non-bank financiers have defaulted on their debt, while Franklin Templeton shocked market participants in April by freezing withdrawals from six Indian debt funds and telling investors it would wind them down.</p>\n<p>Read more: Why India’s Finance Companies Keep Blowing Up</p>\n<p>When viewed in the context of KKR’s global business -- the firm oversees $234 billion worldwide, including about $75 billion in credit investments -- the losses suffered by the India unit are modest. They’ve also had little discernible impact on KKR’s stock price, which gained 39% last year and hit a record high this month.</p>\n<p>Still, India credit was supposed to be a bright spot.</p>\n<p>KKR was one of the first big international investors to enter the market in 2009, committing $100 million to launch the business. Like the rest of KKR’s India operations, the credit unit was overseen by Sanjay Nayar, a Citigroup Inc. veteran who had been handpicked by KKR co-founder Henry Kravis a year earlier.</p>\n<p>Nayar saw big potential in structured corporate loans, which tend to offer higher interest rates than traditional bank loans but come with fewer creditor protections. He set up the unit as a non-bank finance company, rather than as an investment fund. Among other things, that enabled KKR to amplify its lending power by taking on leverage.</p>\n<p>Early additions to the portfolio included Max Group, a conglomerate founded by health care and insurance tycoon Analjit Singh, and Avantha Group, the paper-pulp to power-plant empire led by Gautam Thapar. Rupee-denominated loans to the companies yielded about 12%, and they performed well as India emerged from the global financial crisis relatively unscathed, two people with direct knowledge of the loans said.</p>\n<p>Coffee Day Resorts was another high-profile bet. KKR took a stake in the chain, founded by India’s “coffee king” V.G. Siddhartha, through its private-equity business in 2010 and extended loans via the credit unit in 2012. KKR usually avoided lending to companies in its private-equity portfolio to prevent an over-concentration of risk, but Nayar persuaded his bosses in New York to make an exception, according to one person involved in the deal.</p>\n<p>By 2013, KKR’s India credit team was riding high. The Teacher Retirement System of Texas, one of America’s largest institutional investors, had agreed to take a $100 million stake in the unit, while KKR had also raised about 4.25 billion rupees for a separate India-focused credit fund.</p>\n<p>KKR began exploring the possibility of taking the India credit unit public in 2015, four people familiar with the discussions said. The feedback from IPO bankers was that KKR’s loan portfolio was still too small to attract strong investor demand, so Nayar and his team decided to ramp up lending.</p>\n<p>As they doled out credit at a quickening pace, some underwriting decisions were questioned by members of KKR’s global credit group who had been co-investing with the India unit, two people familiar with the matter said.</p>\n<p>One of the bets that raised red flags was Resonance Eduventures Ltd., a training school for India’s top engineering college. KKR’s credit funds typically demanded collateral from borrowers in the form of physical assets, but the loans to Resonance were backed only by founder R.K. Verma’s shares in the unlisted company. That left KKR lower in the creditor pecking order if Resonance had trouble repaying its debt. KKR’s bargaining power in the event of default was also limited because Verma was seen as integral to the company’s value. The loans went ahead despite the global team’s concerns.</p>\n<p>Enthused by the India credit unit’s fast growth, Abu Dhabi Investment Authority, one of the emirate’s sovereign wealth funds, bought a stake in the firm for about $100 million in 2017. With local debt markets booming, the time for an IPO seemed ripe.</p>\n<p>Everything changed in August 2018. A surprise default by Infrastructure Leasing &amp; Financial Services Ltd., one of India’s largest non-bank financiers, exposed the shaky economic underpinnings of a credit expansion that had propelled the nation’s shadow banking assets to a record $393 billion. Many Indian companies that had become reliant on short-term loans suddenly lost access to funding. KKR and peers that had extended credit to these borrowers were exposed.</p>\n<p>Nayar initially saw the chaos as an opportunity, telling Bloomberg in an October 2018 interview that he was looking to buy portfolios from struggling shadow lenders. But by the end of that year, KKR’s global investment committee had taken a more active role in the business, rejecting Nayar’s requests to extend more credit and make acquisitions, two people familiar with the matter said.</p>\n<p>Brian Dillard, a KKR managing director tasked in late 2018 with overseeing the firm’s credit operations across Asia, told colleagues he was worried the India unit would become a drag on the firm’s regional ambitions, two people said. Scott Nuttall, KKR’s co-chief operating officer, and Henry McVey, chief investment officer of KKR’s balance sheet, also expressed concerns about lax underwriting.</p>\n<p>Investors in KKR’s separate India credit fund were becoming more circumspect too, in part because of the turbulence in Indian markets. In early 2019, after KKR’s initial fund had reached its maturity, they turned down the firm’s invitation to invest in a new one, two people familiar with the matter said.</p>\n<p>Meanwhile, the credit unit’s loan book was deteriorating. Sintex-BAPL Ltd., an auto-parts manufacturer, stopped repayments in June 2019, a little more than a year after KKR made its original loan. Avantha Group was also falling behind on repayments, two people familiar with the matter said. Several other borrowers, including Resonance, were showing signs of stress.</p>\n<p>KKR eventually wrote off the value of the Sintex and Resonance loans. The latter has been mentioned on internal KKR calls as a textbook case of how not to structure deals, two people familiar with the matter said. In late 2019, Indian regulators including the Ministry of Corporate Affairs said that an Avantha Group company -- CG Power &amp; Industrial Solutions Ltd., whose shares KKR held as collateral -- had falsified accounts. CG Power said in October that the impact of the accounting irregularities could be assessed only after investigations by the company and regulators were complete. KKR has set aside provisions for the loan.</p>\n<p>Sintex, Resonance and CG Power didn’t respond to requests for comment.</p>\n<p>Things had also gone badly wrong at another big KKR investment -- Coffee Day. In July 2019, Siddhartha, the coffee chain’s founder, was found dead in a river in an apparent suicide. A letter purportedly written and signed by him and sent to Coffee Day’s senior management mentioned “tremendous pressure” from lenders and one of the company’s private-equity investors that he didn’t name. Coffee Day’s board, which included Nayar, ordered a probe into allegations that Siddhartha had embezzled money.</p>\n<p>Read more on Coffee Day here.</p>\n<p>The following month, senior KKR managers in New York took an even more hands-on role at the India credit unit, according to two people familiar with the matter. The firm formed a task force to look into each of the unit’s 33 outstanding loans, concluding by October that as many as 18 of them risked slipping into default.</p>\n<p>Around the same time KKR India Financial Services had its long-term credit rating cut to AA, the third-highest investment grade, from AA+ by Crisil, the local unit of S&amp;P Global Ratings. Borrowers of more than half of its 59 billion rupees in loans weren’t fully complying with the original terms of their debt agreements, Crisil said.</p>\n<p>B.V. Krishnan, the CEO of KKR’s India credit unit, left the same month. He was replaced by Kapil Singhal, a Goldman Sachs Group Inc. veteran who had been hired by KKR shortly before Krishnan’s departure.</p>\n<p>Working with Dillard, Singhal started looking for opportunities to sell KKR’s loans or the entire unit. Several of the country’s non-bank lenders balked at a deal on valuation concerns, three people familiar with the matter said.</p>\n<p>With worries about another rating downgrade by Crisil mounting, KKR pledged to make a further $150 million available to the India credit unit in January 2020. It said in a statement at the time that the move would bolster the unit’s position in India’s credit markets, though the money has yet to be drawn down.</p>\n<p>By July, Coffee Day’s probe into Siddhartha’s death had concluded. The entrepreneur had siphoned off $360 million so he could buy back shares held by private-equity investors, repay loans and keep up with interest payments on other borrowings, Coffee Day alleged, citing the findings of an investigation led by a retired senior official from India’s federal law enforcement agency. The investigation didn’t find any fault with lenders or private-equity investors. Police in Karnataka, the Indian state where Siddhartha died, said the cause was suicide but declined to comment further.</p>\n<p>The following week, InCred Financial Services Ltd., a local consumer lender backed by former Deutsche Bank co-CEO Anshu Jain, said it had signed an agreement to merge with KKR’s credit unit in an all-stock deal, without specifying terms. KKR will get a roughly 20% stake in the merged entity while the other two investors in the credit unit -- Texas Teacher and Abu Dhabi Investment Authority -- will also hold minority positions after the transaction is complete, according to three people familiar with the matter. The company will operate under the InCred name, the people said, adding that terms of the deal have yet to be finalized and could change.</p>\n<p>“While we are unable to comment on any specific transaction, it is accurate that we have and will continue to explore new ways to invest in and expand the business,” KKR said. Texas Teacher and ADIA declined to comment.</p>\n<p>In the months since the merger agreement was announced, India has been pummeled by Covid-19 along with much of the rest of the world. Yet at the same time, local credit markets have proven remarkably resilient thanks to central bank stimulus. One gauge of Indian debt risk -- the spread on the highest-rated corporate bonds over government notes -- spiked to a six-year high in May but has since fallen close to the lowest level since at least 2002. International money managers including Apollo Global Management Inc. and Blackstone Group Inc. have been scaling up their India lending businesses.</p>\n<p>KKR, meanwhile, has taken advantage of buoyant markets to reduce risk. The India credit unit’s net leverage ratio now stands at 0.9, down from 2.4 a year ago, one person familiar with the matter said. Last year the firm offered to repay about $90 million of its debt early, but most of its lenders chose to retain their exposure, the person said.</p>\n<p>Nayar left his role as KKR’s India CEO in December, though he continues to “advise and assist” the firm as its India chairman. Singhal resigned around the same time, after just 10 months running the credit unit.</p>\n<p>Under Dillard, KKR’s Asia credit team has lent more than $1 billion over the last 18 months and is preparing to raise its first dedicated credit fund for the region. The firm plans to keep looking for lending opportunities in India.</p>\n<p>“KKR squandered the coveted first-mover advantage,” said Arun Kejriwal, director at KRIS, an investment advisory firm in Mumbai. “We will see whether they have learned lessons.”</p>","source":"yahoofinance","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>KKR’s Big Bet on India Credit Turned From Windfall to Wipeout</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKKR’s Big Bet on India Credit Turned From Windfall to Wipeout\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-28 02:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/kkr-big-bet-india-credit-183000650.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Few asset managers have enjoyed more success in the riskier corners of credit than KKR & Co.\nBut after a decade-long attempt to wring big returns from India, the Wall Street titan has ...</p>\n\n<a href=\"https://finance.yahoo.com/news/kkr-big-bet-india-credit-183000650.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3464f02cc39e0c06421e8445dffd79cc","relate_stocks":{"KKR":"KKR & Co L.P."},"source_url":"https://finance.yahoo.com/news/kkr-big-bet-india-credit-183000650.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2106640231","content_text":"(Bloomberg) -- Few asset managers have enjoyed more success in the riskier corners of credit than KKR & Co.\nBut after a decade-long attempt to wring big returns from India, the Wall Street titan has become a cautionary tale for investors in one of the world’s most tantalizing emerging markets.\nRocked by the shadow-banking crisis that began rippling through India’s financial system 2 1/2 years ago, KKR’s local credit unit lost 15.16 billion rupees ($207 million) in the final nine months of 2019, wiping out nearly 40% of its capital. While the unit posted a small profit last year as India’s central bank pumped record amounts of cash into the Covid-battered economy, KKR is now in the process of merging the business with a competitor.\nIt’s a steep fall from grace for a venture that extended about $800 million of loans at its peak and at one point seemed poised to deliver a windfall to KKR in the form of an initial public offering. By late 2019, just before the pandemic plunged India into its worst recession on record, KKR had determined that more than half the loans at the unit -- called KKR India Financial Services Ltd. -- were at risk of default.\nWith a growing number of international money managers now looking for opportunities to sift through the wreckage of India’s debt markets, the story behind KKR’s troubled bet illustrates what can go wrong. Interviews with a dozen people familiar with the firm’s Indian operations, most of whom asked not to be identified discussing private information, point to missteps that include questionable underwriting assumptions and a decision to accelerate lending in the lead-up to the 2018 crisis.\n“They wrote large checks in rapid succession to balance sheets that didn’t have the size or capability to repay,” said Amit Goenka, a managing director of Nisus Finance Services Co. and two-decade veteran of India’s credit markets.\nIn a response to questions from Bloomberg, KKR said its India credit unit enjoys a strong liquidity position and will keep looking for ways to expand.\n“When we saw what was happening in the market, we rallied around our business -- locally and globally -- and created a task force that has been proactive in managing the portfolio and performance of the business,” KKR said.\nThe India credit unit recorded a pretax profit of about $9.7 million in 2020, according to one person familiar with the matter.\nWhile KKR was among the most high-profile casualties of the 2018 crisis, it was far from the worst hit. Four of India’s largest non-bank financiers have defaulted on their debt, while Franklin Templeton shocked market participants in April by freezing withdrawals from six Indian debt funds and telling investors it would wind them down.\nRead more: Why India’s Finance Companies Keep Blowing Up\nWhen viewed in the context of KKR’s global business -- the firm oversees $234 billion worldwide, including about $75 billion in credit investments -- the losses suffered by the India unit are modest. They’ve also had little discernible impact on KKR’s stock price, which gained 39% last year and hit a record high this month.\nStill, India credit was supposed to be a bright spot.\nKKR was one of the first big international investors to enter the market in 2009, committing $100 million to launch the business. Like the rest of KKR’s India operations, the credit unit was overseen by Sanjay Nayar, a Citigroup Inc. veteran who had been handpicked by KKR co-founder Henry Kravis a year earlier.\nNayar saw big potential in structured corporate loans, which tend to offer higher interest rates than traditional bank loans but come with fewer creditor protections. He set up the unit as a non-bank finance company, rather than as an investment fund. Among other things, that enabled KKR to amplify its lending power by taking on leverage.\nEarly additions to the portfolio included Max Group, a conglomerate founded by health care and insurance tycoon Analjit Singh, and Avantha Group, the paper-pulp to power-plant empire led by Gautam Thapar. Rupee-denominated loans to the companies yielded about 12%, and they performed well as India emerged from the global financial crisis relatively unscathed, two people with direct knowledge of the loans said.\nCoffee Day Resorts was another high-profile bet. KKR took a stake in the chain, founded by India’s “coffee king” V.G. Siddhartha, through its private-equity business in 2010 and extended loans via the credit unit in 2012. KKR usually avoided lending to companies in its private-equity portfolio to prevent an over-concentration of risk, but Nayar persuaded his bosses in New York to make an exception, according to one person involved in the deal.\nBy 2013, KKR’s India credit team was riding high. The Teacher Retirement System of Texas, one of America’s largest institutional investors, had agreed to take a $100 million stake in the unit, while KKR had also raised about 4.25 billion rupees for a separate India-focused credit fund.\nKKR began exploring the possibility of taking the India credit unit public in 2015, four people familiar with the discussions said. The feedback from IPO bankers was that KKR’s loan portfolio was still too small to attract strong investor demand, so Nayar and his team decided to ramp up lending.\nAs they doled out credit at a quickening pace, some underwriting decisions were questioned by members of KKR’s global credit group who had been co-investing with the India unit, two people familiar with the matter said.\nOne of the bets that raised red flags was Resonance Eduventures Ltd., a training school for India’s top engineering college. KKR’s credit funds typically demanded collateral from borrowers in the form of physical assets, but the loans to Resonance were backed only by founder R.K. Verma’s shares in the unlisted company. That left KKR lower in the creditor pecking order if Resonance had trouble repaying its debt. KKR’s bargaining power in the event of default was also limited because Verma was seen as integral to the company’s value. The loans went ahead despite the global team’s concerns.\nEnthused by the India credit unit’s fast growth, Abu Dhabi Investment Authority, one of the emirate’s sovereign wealth funds, bought a stake in the firm for about $100 million in 2017. With local debt markets booming, the time for an IPO seemed ripe.\nEverything changed in August 2018. A surprise default by Infrastructure Leasing & Financial Services Ltd., one of India’s largest non-bank financiers, exposed the shaky economic underpinnings of a credit expansion that had propelled the nation’s shadow banking assets to a record $393 billion. Many Indian companies that had become reliant on short-term loans suddenly lost access to funding. KKR and peers that had extended credit to these borrowers were exposed.\nNayar initially saw the chaos as an opportunity, telling Bloomberg in an October 2018 interview that he was looking to buy portfolios from struggling shadow lenders. But by the end of that year, KKR’s global investment committee had taken a more active role in the business, rejecting Nayar’s requests to extend more credit and make acquisitions, two people familiar with the matter said.\nBrian Dillard, a KKR managing director tasked in late 2018 with overseeing the firm’s credit operations across Asia, told colleagues he was worried the India unit would become a drag on the firm’s regional ambitions, two people said. Scott Nuttall, KKR’s co-chief operating officer, and Henry McVey, chief investment officer of KKR’s balance sheet, also expressed concerns about lax underwriting.\nInvestors in KKR’s separate India credit fund were becoming more circumspect too, in part because of the turbulence in Indian markets. In early 2019, after KKR’s initial fund had reached its maturity, they turned down the firm’s invitation to invest in a new one, two people familiar with the matter said.\nMeanwhile, the credit unit’s loan book was deteriorating. Sintex-BAPL Ltd., an auto-parts manufacturer, stopped repayments in June 2019, a little more than a year after KKR made its original loan. Avantha Group was also falling behind on repayments, two people familiar with the matter said. Several other borrowers, including Resonance, were showing signs of stress.\nKKR eventually wrote off the value of the Sintex and Resonance loans. The latter has been mentioned on internal KKR calls as a textbook case of how not to structure deals, two people familiar with the matter said. In late 2019, Indian regulators including the Ministry of Corporate Affairs said that an Avantha Group company -- CG Power & Industrial Solutions Ltd., whose shares KKR held as collateral -- had falsified accounts. CG Power said in October that the impact of the accounting irregularities could be assessed only after investigations by the company and regulators were complete. KKR has set aside provisions for the loan.\nSintex, Resonance and CG Power didn’t respond to requests for comment.\nThings had also gone badly wrong at another big KKR investment -- Coffee Day. In July 2019, Siddhartha, the coffee chain’s founder, was found dead in a river in an apparent suicide. A letter purportedly written and signed by him and sent to Coffee Day’s senior management mentioned “tremendous pressure” from lenders and one of the company’s private-equity investors that he didn’t name. Coffee Day’s board, which included Nayar, ordered a probe into allegations that Siddhartha had embezzled money.\nRead more on Coffee Day here.\nThe following month, senior KKR managers in New York took an even more hands-on role at the India credit unit, according to two people familiar with the matter. The firm formed a task force to look into each of the unit’s 33 outstanding loans, concluding by October that as many as 18 of them risked slipping into default.\nAround the same time KKR India Financial Services had its long-term credit rating cut to AA, the third-highest investment grade, from AA+ by Crisil, the local unit of S&P Global Ratings. Borrowers of more than half of its 59 billion rupees in loans weren’t fully complying with the original terms of their debt agreements, Crisil said.\nB.V. Krishnan, the CEO of KKR’s India credit unit, left the same month. He was replaced by Kapil Singhal, a Goldman Sachs Group Inc. veteran who had been hired by KKR shortly before Krishnan’s departure.\nWorking with Dillard, Singhal started looking for opportunities to sell KKR’s loans or the entire unit. Several of the country’s non-bank lenders balked at a deal on valuation concerns, three people familiar with the matter said.\nWith worries about another rating downgrade by Crisil mounting, KKR pledged to make a further $150 million available to the India credit unit in January 2020. It said in a statement at the time that the move would bolster the unit’s position in India’s credit markets, though the money has yet to be drawn down.\nBy July, Coffee Day’s probe into Siddhartha’s death had concluded. The entrepreneur had siphoned off $360 million so he could buy back shares held by private-equity investors, repay loans and keep up with interest payments on other borrowings, Coffee Day alleged, citing the findings of an investigation led by a retired senior official from India’s federal law enforcement agency. The investigation didn’t find any fault with lenders or private-equity investors. Police in Karnataka, the Indian state where Siddhartha died, said the cause was suicide but declined to comment further.\nThe following week, InCred Financial Services Ltd., a local consumer lender backed by former Deutsche Bank co-CEO Anshu Jain, said it had signed an agreement to merge with KKR’s credit unit in an all-stock deal, without specifying terms. KKR will get a roughly 20% stake in the merged entity while the other two investors in the credit unit -- Texas Teacher and Abu Dhabi Investment Authority -- will also hold minority positions after the transaction is complete, according to three people familiar with the matter. The company will operate under the InCred name, the people said, adding that terms of the deal have yet to be finalized and could change.\n“While we are unable to comment on any specific transaction, it is accurate that we have and will continue to explore new ways to invest in and expand the business,” KKR said. Texas Teacher and ADIA declined to comment.\nIn the months since the merger agreement was announced, India has been pummeled by Covid-19 along with much of the rest of the world. Yet at the same time, local credit markets have proven remarkably resilient thanks to central bank stimulus. One gauge of Indian debt risk -- the spread on the highest-rated corporate bonds over government notes -- spiked to a six-year high in May but has since fallen close to the lowest level since at least 2002. International money managers including Apollo Global Management Inc. and Blackstone Group Inc. have been scaling up their India lending businesses.\nKKR, meanwhile, has taken advantage of buoyant markets to reduce risk. The India credit unit’s net leverage ratio now stands at 0.9, down from 2.4 a year ago, one person familiar with the matter said. Last year the firm offered to repay about $90 million of its debt early, but most of its lenders chose to retain their exposure, the person said.\nNayar left his role as KKR’s India CEO in December, though he continues to “advise and assist” the firm as its India chairman. Singhal resigned around the same time, after just 10 months running the credit unit.\nUnder Dillard, KKR’s Asia credit team has lent more than $1 billion over the last 18 months and is preparing to raise its first dedicated credit fund for the region. The firm plans to keep looking for lending opportunities in India.\n“KKR squandered the coveted first-mover advantage,” said Arun Kejriwal, director at KRIS, an investment advisory firm in Mumbai. “We will see whether they have learned lessons.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":674,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":313659667,"gmtCreate":1611712199359,"gmtModify":1704862261228,"author":{"id":"3566210733768327","authorId":"3566210733768327","name":"Soontonghuat","avatar":"https://static.tigerbbs.com/59798fa98f38b8f9572d4201a9cbae42","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566210733768327","idStr":"3566210733768327"},"themes":[],"htmlText":"Really?","listText":"Really?","text":"Really?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":33,"repostSize":0,"link":"https://ttm.financial/post/313659667","repostId":"2106476366","repostType":4,"repost":{"id":"2106476366","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1611650202,"share":"https://ttm.financial/m/news/2106476366?lang=&edition=fundamental","pubTime":"2021-01-26 16:36","market":"us","language":"en","title":"Ant Group will see 'results' if follows legal processes after IPO suspension -c.bank governor","url":"https://stock-news.laohu8.com/highlight/detail?id=2106476366","media":"Reuters","summary":"BEIJING, Jan 26 (Reuters) - Ant Group will see results if the company follows the legal processes fo","content":"<p>BEIJING, Jan 26 (Reuters) - Ant Group will see results if the company follows the legal processes following the suspension of its initial public offering, according to China's central bank governor Yi Gang.</p><p>\"I'd say that you just follow the standard of legal instruction, you will have the result,\" Yi said on Tuesday, speaking at a virtual meeting of the World Economic Forum.</p><p>The legal framework for financial innovation has to be very clear, he also said, speaking in English.</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>Ant Group will see 'results' if follows legal processes after IPO suspension -c.bank governor</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnt Group will see 'results' if follows legal processes after IPO suspension -c.bank governor\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-01-26 16:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BEIJING, Jan 26 (Reuters) - Ant Group will see results if the company follows the legal processes following the suspension of its initial public offering, according to China's central bank governor Yi Gang.</p><p>\"I'd say that you just follow the standard of legal instruction, you will have the result,\" Yi said on Tuesday, speaking at a virtual meeting of the World Economic Forum.</p><p>The legal framework for financial innovation has to be very clear, he also said, speaking in English.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2106476366","content_text":"BEIJING, Jan 26 (Reuters) - Ant Group will see results if the company follows the legal processes following the suspension of its initial public offering, according to China's central bank governor Yi Gang.\"I'd say that you just follow the standard of legal instruction, you will have the result,\" Yi said on Tuesday, speaking at a virtual meeting of the World Economic Forum.The legal framework for financial innovation has to be very clear, he also said, speaking in English.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1474,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":315682492,"gmtCreate":1612243887816,"gmtModify":1704868635529,"author":{"id":"3566210733768327","authorId":"3566210733768327","name":"Soontonghuat","avatar":"https://static.tigerbbs.com/59798fa98f38b8f9572d4201a9cbae42","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566210733768327","authorIdStr":"3566210733768327"},"themes":[],"htmlText":"Bubble time","listText":"Bubble time","text":"Bubble time","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":63,"repostSize":0,"link":"https://ttm.financial/post/315682492","repostId":"1109554256","repostType":4,"isVote":1,"tweetType":1,"viewCount":1201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":313659667,"gmtCreate":1611712199359,"gmtModify":1704862261228,"author":{"id":"3566210733768327","authorId":"3566210733768327","name":"Soontonghuat","avatar":"https://static.tigerbbs.com/59798fa98f38b8f9572d4201a9cbae42","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566210733768327","authorIdStr":"3566210733768327"},"themes":[],"htmlText":"Really?","listText":"Really?","text":"Really?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":33,"repostSize":0,"link":"https://ttm.financial/post/313659667","repostId":"2106476366","repostType":4,"isVote":1,"tweetType":1,"viewCount":1474,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322144366,"gmtCreate":1615787998455,"gmtModify":1704786487959,"author":{"id":"3566210733768327","authorId":"3566210733768327","name":"Soontonghuat","avatar":"https://static.tigerbbs.com/59798fa98f38b8f9572d4201a9cbae42","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566210733768327","authorIdStr":"3566210733768327"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/F9D.SI\">$BOUSTEAD SINGAPORE LIMITED(F9D.SI)$</a>A Champion in the Making with Catalysts onthe Horizon- Divestment of 53% owned Boustead Projects legacy property, potential special dividend declared soon- Rebound of Energy Engineering sector with recovery of O&amp;G- Steady growth of key profit generator Geospatial sector with high margins, new contract signed with Aussie Govt and strong, stable recurrent source of income- Slowly but surely growing Healthcare sector- Strong Net Cash position- Analyst TP $1.20Underrated Gem in the Making. Get it before the surge.&nbsp;","listText":"<a href=\"https://laohu8.com/S/F9D.SI\">$BOUSTEAD SINGAPORE LIMITED(F9D.SI)$</a>A Champion in the Making with Catalysts onthe Horizon- Divestment of 53% owned Boustead Projects legacy property, potential special dividend declared soon- Rebound of Energy Engineering sector with recovery of O&amp;G- Steady growth of key profit generator Geospatial sector with high margins, new contract signed with Aussie Govt and strong, stable recurrent source of income- Slowly but surely growing Healthcare sector- Strong Net Cash position- Analyst TP $1.20Underrated Gem in the Making. Get it before the surge.&nbsp;","text":"$BOUSTEAD SINGAPORE LIMITED(F9D.SI)$A Champion in the Making with Catalysts onthe Horizon- Divestment of 53% owned Boustead Projects legacy property, potential special dividend declared soon- Rebound of Energy Engineering sector with recovery of O&G- Steady growth of key profit generator Geospatial sector with high margins, new contract signed with Aussie Govt and strong, stable recurrent source of income- Slowly but surely growing Healthcare sector- Strong Net Cash position- Analyst TP $1.20Underrated Gem in the Making. Get it before the surge.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":21,"repostSize":1,"link":"https://ttm.financial/post/322144366","isVote":1,"tweetType":1,"viewCount":706,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3567501646881888","authorId":"3567501646881888","name":"jel09","avatar":"https://static.tigerbbs.com/f901d555d7c5da6f07bf16010316a269","crmLevel":2,"crmLevelSwitch":0,"idStr":"3567501646881888","authorIdStr":"3567501646881888"},"content":"Good shout! Getting more of this and waiting for the surge.","text":"Good shout! Getting more of this and waiting for the surge.","html":"Good shout! Getting more of this and waiting for the surge."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312150554,"gmtCreate":1612072282178,"gmtModify":1704867132036,"author":{"id":"3566210733768327","authorId":"3566210733768327","name":"Soontonghuat","avatar":"https://static.tigerbbs.com/59798fa98f38b8f9572d4201a9cbae42","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566210733768327","authorIdStr":"3566210733768327"},"themes":[],"htmlText":"Too&nbsp;bad","listText":"Too&nbsp;bad","text":"Too bad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":13,"repostSize":0,"link":"https://ttm.financial/post/312150554","repostId":"2107829287","repostType":4,"isVote":1,"tweetType":1,"viewCount":924,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801509915,"gmtCreate":1627521148837,"gmtModify":1703491538338,"author":{"id":"3566210733768327","authorId":"3566210733768327","name":"Soontonghuat","avatar":"https://static.tigerbbs.com/59798fa98f38b8f9572d4201a9cbae42","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566210733768327","authorIdStr":"3566210733768327"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AU8U.SI\">$CAPITALAND RETAIL CHINA TRUST(AU8U.SI)$</a>40% increase in DPU. Comfortable Gearing Ratio. Time to go up before ex div and acquire some data centres!&nbsp;","listText":"<a href=\"https://laohu8.com/S/AU8U.SI\">$CAPITALAND RETAIL CHINA TRUST(AU8U.SI)$</a>40% increase in DPU. Comfortable Gearing Ratio. Time to go up before ex div and acquire some data centres!&nbsp;","text":"$CAPITALAND RETAIL CHINA TRUST(AU8U.SI)$40% increase in DPU. Comfortable Gearing Ratio. Time to go up before ex div and acquire some data centres!","images":[{"img":"https://static.tigerbbs.com/f3c83e9865c7a149c89a7cabc908624e","width":"750","height":"1224"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":17,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/801509915","isVote":1,"tweetType":1,"viewCount":1265,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3567501646881888","authorId":"3567501646881888","name":"jel09","avatar":"https://static.tigerbbs.com/f901d555d7c5da6f07bf16010316a269","crmLevel":2,"crmLevelSwitch":0,"idStr":"3567501646881888","authorIdStr":"3567501646881888"},"content":"small fish joining in","text":"small fish joining in","html":"small fish joining in"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":311508792,"gmtCreate":1611807621216,"gmtModify":1704863748342,"author":{"id":"3566210733768327","authorId":"3566210733768327","name":"Soontonghuat","avatar":"https://static.tigerbbs.com/59798fa98f38b8f9572d4201a9cbae42","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566210733768327","authorIdStr":"3566210733768327"},"themes":[],"htmlText":"Not worth it","listText":"Not worth it","text":"Not worth it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":9,"repostSize":0,"link":"https://ttm.financial/post/311508792","repostId":"2106640231","repostType":4,"isVote":1,"tweetType":1,"viewCount":674,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312381009,"gmtCreate":1612021156201,"gmtModify":1704866978756,"author":{"id":"3566210733768327","authorId":"3566210733768327","name":"Soontonghuat","avatar":"https://static.tigerbbs.com/59798fa98f38b8f9572d4201a9cbae42","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566210733768327","authorIdStr":"3566210733768327"},"themes":[],"htmlText":"Nice china","listText":"Nice china","text":"Nice china","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":8,"repostSize":0,"link":"https://ttm.financial/post/312381009","repostId":"1181933127","repostType":4,"repost":{"id":"1181933127","pubTimestamp":1611913647,"share":"https://ttm.financial/m/news/1181933127?lang=&edition=fundamental","pubTime":"2021-01-29 17:47","market":"sg","language":"en","title":"China Starts Earnings With 9 in 10 Firms Expecting Higher Profit","url":"https://stock-news.laohu8.com/highlight/detail?id=1181933127","media":"Yahoo finance","summary":"Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investor","content":"<p>Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investors a stronger fundamental backdrop after stocks sank this week.</p>\n<p>Among the 1,200-odd firms listed in mainland China that issued preliminary results in January, 75% have said earnings rose last year, according to data compiled by Bloomberg as of Thursday. Firms in the communication services and health care sectors are set to report the biggest growth, followed by consumer staples and technology. Listed companies have until Sunday to announce significant changes in earnings.</p>\n<p>Evidence of China Inc.’s resilience to the slowest economic growth in four decades due to the coronavirus, capped by a stronger-than-expected fourth quarter, may offer relief to investors. The CSI 300 Index, which tracks the biggest firms in China, has dropped 4.4% the past three days from a 13-year high, raising worries that a near-term peak has been reached. That lost momentum came as the central bank withdraws liquidity and a central bank adviser warned of asset bubbles.</p>\n<p>“The stock rally we’ve seen this year has been obviously driven by liquidity -- now it needs fundamental reasons to be sustainable,” said Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd. “The market needs the actual results to be even better than the estimates we’ve had so far to keep rallying.”</p>\n<p>China’s exchange operators require companies that are expected to record losses, to turn from losses to profit, or to see income rise by more than 50% to issue preliminary guidance by the end of January. There are more than 4,000 companies listed in the mainland overall, and most are scheduled to release official numbers in March. Among the forecasters, Sansure Biotech Inc. estimated profit soared as much as 7,257% last year while Hengtong Logistics Co. predicted earnings surged as much as 4,673% from 2019’s level.</p>\n<p>Forecasts have helped boost many Chinese stocks to start 2020. Bank shares jumped earlier this month after China Merchants Bank Co. and Industrial Bank Co. reported stronger-than-expected preliminary 2020 earnings. Muyuan Foods Co. also surged after its forecast on Tuesday.</p>\n<p>Companies’ estimates have been far rosier than what analysts have been expecting. According to Bloomberg data, 2020 profit among CSI 300 members are expected to have fallen an average 7.7%. That would be the first decline in four years.</p>\n<p>(Corrects percentage in second paragraph)</p>\n<p>For more articles like this, please visit us atbloomberg.com</p>\n<p>Subscribe nowto stay ahead with the most trusted business news source.</p>","source":"yahoofinance_sg","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>China Starts Earnings With 9 in 10 Firms Expecting Higher Profit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Starts Earnings With 9 in 10 Firms Expecting Higher Profit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-29 17:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/china-starts-earnings-9-10-200000779.html><strong>Yahoo finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investors a stronger fundamental backdrop after stocks sank this week.\nAmong the 1,200-odd firms listed in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/china-starts-earnings-9-10-200000779.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://finance.yahoo.com/news/china-starts-earnings-9-10-200000779.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181933127","content_text":"Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investors a stronger fundamental backdrop after stocks sank this week.\nAmong the 1,200-odd firms listed in mainland China that issued preliminary results in January, 75% have said earnings rose last year, according to data compiled by Bloomberg as of Thursday. Firms in the communication services and health care sectors are set to report the biggest growth, followed by consumer staples and technology. Listed companies have until Sunday to announce significant changes in earnings.\nEvidence of China Inc.’s resilience to the slowest economic growth in four decades due to the coronavirus, capped by a stronger-than-expected fourth quarter, may offer relief to investors. The CSI 300 Index, which tracks the biggest firms in China, has dropped 4.4% the past three days from a 13-year high, raising worries that a near-term peak has been reached. That lost momentum came as the central bank withdraws liquidity and a central bank adviser warned of asset bubbles.\n“The stock rally we’ve seen this year has been obviously driven by liquidity -- now it needs fundamental reasons to be sustainable,” said Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd. “The market needs the actual results to be even better than the estimates we’ve had so far to keep rallying.”\nChina’s exchange operators require companies that are expected to record losses, to turn from losses to profit, or to see income rise by more than 50% to issue preliminary guidance by the end of January. There are more than 4,000 companies listed in the mainland overall, and most are scheduled to release official numbers in March. Among the forecasters, Sansure Biotech Inc. estimated profit soared as much as 7,257% last year while Hengtong Logistics Co. predicted earnings surged as much as 4,673% from 2019’s level.\nForecasts have helped boost many Chinese stocks to start 2020. Bank shares jumped earlier this month after China Merchants Bank Co. and Industrial Bank Co. reported stronger-than-expected preliminary 2020 earnings. Muyuan Foods Co. also surged after its forecast on Tuesday.\nCompanies’ estimates have been far rosier than what analysts have been expecting. According to Bloomberg data, 2020 profit among CSI 300 members are expected to have fallen an average 7.7%. That would be the first decline in four years.\n(Corrects percentage in second paragraph)\nFor more articles like this, please visit us atbloomberg.com\nSubscribe nowto stay ahead with the most trusted business news source.","news_type":1},"isVote":1,"tweetType":1,"viewCount":783,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196659543,"gmtCreate":1621050836282,"gmtModify":1704352471918,"author":{"id":"3566210733768327","authorId":"3566210733768327","name":"Soontonghuat","avatar":"https://static.tigerbbs.com/59798fa98f38b8f9572d4201a9cbae42","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566210733768327","authorIdStr":"3566210733768327"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/Y92.SI\">$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$</a>Great result. Monday should be easily up to ~0.700. Few more months and recovery will continue. This is not a counter for the short term. Hold tight, Beerco IPO and strong fundamentals including a resillient spirits business&nbsp;will make this a great value stockwith limited downside.&nbsp;Vested @0.705~","listText":"<a href=\"https://laohu8.com/S/Y92.SI\">$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$</a>Great result. Monday should be easily up to ~0.700. Few more months and recovery will continue. This is not a counter for the short term. Hold tight, Beerco IPO and strong fundamentals including a resillient spirits business&nbsp;will make this a great value stockwith limited downside.&nbsp;Vested @0.705~","text":"$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$Great result. Monday should be easily up to ~0.700. Few more months and recovery will continue. This is not a counter for the short term. Hold tight, Beerco IPO and strong fundamentals including a resillient spirits business will make this a great value stockwith limited downside. Vested @0.705~","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/196659543","isVote":1,"tweetType":1,"viewCount":1018,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3578472165464903","authorId":"3578472165464903","name":"Siewleerocks","avatar":"https://static.tigerbbs.com/f00504e0b6e3e8236e593d86c0ce08ed","crmLevel":1,"crmLevelSwitch":0,"idStr":"3578472165464903","authorIdStr":"3578472165464903"},"content":"To the moon [Miser]","text":"To the moon [Miser]","html":"To the moon [Miser]"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312381252,"gmtCreate":1612021371476,"gmtModify":1704866979565,"author":{"id":"3566210733768327","authorId":"3566210733768327","name":"Soontonghuat","avatar":"https://static.tigerbbs.com/59798fa98f38b8f9572d4201a9cbae42","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566210733768327","authorIdStr":"3566210733768327"},"themes":[],"htmlText":"Hahaha&nbsp;","listText":"Hahaha&nbsp;","text":"Hahaha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/312381252","repostId":"2107295294","repostType":4,"isVote":1,"tweetType":1,"viewCount":783,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312766125,"gmtCreate":1612183926667,"gmtModify":1704867883483,"author":{"id":"3566210733768327","authorId":"3566210733768327","name":"Soontonghuat","avatar":"https://static.tigerbbs.com/59798fa98f38b8f9572d4201a9cbae42","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566210733768327","authorIdStr":"3566210733768327"},"themes":[],"htmlText":"Short..","listText":"Short..","text":"Short..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/312766125","repostId":"1150739186","repostType":4,"repost":{"id":"1150739186","pubTimestamp":1612172682,"share":"https://ttm.financial/m/news/1150739186?lang=&edition=fundamental","pubTime":"2021-02-01 17:44","market":"us","language":"en","title":"The market frenzy for stocks like Gamestop is not purely driven by retail investors","url":"https://stock-news.laohu8.com/highlight/detail?id=1150739186","media":"cnbc","summary":"KEY POINTS\n\nThe recent market frenzy in stocks such as Gamestop was unlikely to have been purely dri","content":"<div>\n<p>KEY POINTS\n\nThe recent market frenzy in stocks such as Gamestop was unlikely to have been purely driven by retail investors, argues INSEAD's Bart Zhou Yueshen.\nInvestors have been piling into stocks ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/01/its-unlikely-retail-investors-alone-drove-short-squeeze-professor-says.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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> The market frenzy for stocks like Gamestop is not purely driven by retail investors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n The market frenzy for stocks like Gamestop is not purely driven by retail investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-01 17:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/01/its-unlikely-retail-investors-alone-drove-short-squeeze-professor-says.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nThe recent market frenzy in stocks such as Gamestop was unlikely to have been purely driven by retail investors, argues INSEAD's Bart Zhou Yueshen.\nInvestors have been piling into stocks ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/01/its-unlikely-retail-investors-alone-drove-short-squeeze-professor-says.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b1fdaab121d904fee30d8fe32e39819a","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.cnbc.com/2021/02/01/its-unlikely-retail-investors-alone-drove-short-squeeze-professor-says.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1150739186","content_text":"KEY POINTS\n\nThe recent market frenzy in stocks such as Gamestop was unlikely to have been purely driven by retail investors, argues INSEAD's Bart Zhou Yueshen.\nInvestors have been piling into stocks with a large percent of their shares sold \"short\" and creating \"short squeezes,\" or driving traders on the other side of the bet to buy more stock to cover their losses.\nRetail traders have been largely credited with spawning these rallies, especially investors in the WallStreetBets community on Reddit.\n\nIt's unlikely that the recent market frenzy in stocks such asGamestopand AMC Entertainment was purely driven by retail investors, argues Bart Zhou Yueshen, assistant professor of finance at INSEAD.\n\"Given the amount of trading volume last week we saw, it is just hard for me to believe it was only these retail investors who were trying to push the squeeze,\" Zhou told CNBC's \"Street Signs Asia\" on Monday.\nIn the past week, U.S. market headlines have been dominated by the stunning rallies in stocks like GameStop, which has rocketed more than 1,500% since the start of the year. Investors were piling into stocks with a large percent of their shares sold \"short\" and creating \"short squeezes,\" or driving traders on the other side of the bet to buy more stock to cover their losses.\nShort selling is a strategy in which investors borrow shares of a stock at a certain price in expectations that the market value will fall below that level when it's time to pay for the borrowed shares.\n\"It is also very difficult to believe that in this short squeeze, the buy side is completely driven by the retail and there is no institutions jumping in,\" he added: \"Institutions are not dumb right? They look at these short-squeeze opportunities, they can definitely go in there.\"\nRetail traders have been largely credited with spawning these rallies, especially investors in the WallStreetBets community on Reddit. The market upheaval has generally been viewed through apopulist lens, pitting Wall Street professionals against amateur tradersarmed with zero-commission trading apps like Robinhood.\nChallenge for regulators\nAs individual investors expressed enthusiasm over GameStop, AMC and other stocks on Reddit, questions began to surface about whether this trading activity amounted to market manipulation.\nZhou said while regulators \"can definitely try to step in,\" it's not clear whether they will find evidence of market manipulation.\n\"In order to establish manipulation, you would need to establish some kind of malintention in the first place,\" the professor said. \"That is, in my opinion, not so obvious in this case.\"\nHe explained the chatter on platforms such as Reddit can be characterized as investors simply \"expressing their opinions\" over stocks they wish to buy and sell.\n\"The hedge funds can do the same,\" Zhou said. \"Nothing ... in this regard is particularly concerning.\"\nThe burden of proof now falls upon regulators to establish \"hard evidence\" of wrong doing, a task that Zhou admitted was \"quite difficult to establish.\"\nFor its part, the Securities and Exchange Commission said it willreview the recent trading volatility, saying: \"We will act to protect retail investors when the facts demonstrate abusive or manipulative trading activity that is prohibited by the federal securities laws.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":1228,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}