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09-27

Chinese stock is so undervalued.

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2023-11-28

$JetBlue Airways(JBLU)$ is super cheap now (almost looks like it is on Black Friday sale), but it makes more sense to invest in $Spirit Airlines(SAVE)$ if you believe the merger will take place.

2022-02-15

$Moderna, Inc.(MRNA)$Before buying Moderna, please do some research. They only have one commercial product for now - the Covid vaccine.Ask yourself this: what would happen once the sales of the vaccines decline, especially when first-to-market advantage fizzles?Moderna's other products are still in development and it will take some time before they hit the market.

2022-02-05

$Grab Holdings(GRAB)$do some research before buying. Latest quarterly revenue was $157 million. Loss was $988 million (6x revenue) with $240 million cash loss. The current market grab is $20 billion. That's more than 30x revenue.

2022-02-05

Maybe stock split

Alibaba Once Slid Nearly 3% in Morning Trading after Registering Additional 1 Billion ADSs

2021-03-26

The price to sales (P/S) ratio for all the examples are quite high in my opinion.Eg. At PS of 5 times, it will take a company 5 years to accumulate revenue that is equal to its market cap. We haven't even talk about profitability."In technology, the average price/sales ratio historically has been about 2X sales, according to Factset research."https://www.futuriom.com/articles/news/three-reason-why-tech-stocks-may-have-topped/2019/05

Baidu: Recent Share Price Drop Is An Opportune Entry Window

2021-03-26

All of the Price to Sales (P/S) ratio are historically high in my opinion.E.g. at PS ratio of 5, it will take a company 5 years to accumulate revenue that matches is market cap. We haven't even talk about profitability.In technology, the average price/sales ratio historically has been about 2X sales, according to Factset research.https://www.futuriom.com/articles/news/three-reason-why-tech-stocks-may-have-topped/2019/05

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stock is so undervalued.","listText":"Chinese stock is so undervalued.","text":"Chinese stock is so undervalued.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/354017758887984","repostId":"1103400346","repostType":2,"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":246425663340592,"gmtCreate":1701183995830,"gmtModify":1701183999351,"author":{"id":"3568969291344827","authorId":"3568969291344827","name":"townbaby","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568969291344827","authorIdStr":"3568969291344827"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/JBLU\">$JetBlue Airways(JBLU)$ &nbsp;</a>is super cheap now (almost looks like it is on Black Friday sale), but it makes more sense to invest in <a href=\"https://ttm.financial/S/SAVE\">$Spirit Airlines(SAVE)$ &nbsp;</a>if you believe the merger will take place.","listText":"<a href=\"https://ttm.financial/S/JBLU\">$JetBlue Airways(JBLU)$ &nbsp;</a>is super cheap now (almost looks like it is on Black Friday sale), but it makes more sense to invest in <a href=\"https://ttm.financial/S/SAVE\">$Spirit Airlines(SAVE)$ &nbsp;</a>if you believe the merger will take place.","text":"$JetBlue Airways(JBLU)$ is super cheap now (almost looks like it is on Black Friday sale), but it makes more sense to invest in $Spirit Airlines(SAVE)$ if you believe the merger will take place.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246425663340592","isVote":1,"tweetType":1,"viewCount":475,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095151832,"gmtCreate":1644855537599,"gmtModify":1676533968728,"author":{"id":"3568969291344827","authorId":"3568969291344827","name":"townbaby","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568969291344827","authorIdStr":"3568969291344827"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MRNA\">$Moderna, Inc.(MRNA)$</a>Before buying Moderna, please do some research. They only have one commercial product for now - the Covid vaccine.Ask yourself this: what would happen once the sales of the vaccines decline, especially when first-to-market advantage fizzles?Moderna's other products are still in development and it will take some time before they hit the market.","listText":"<a href=\"https://ttm.financial/S/MRNA\">$Moderna, Inc.(MRNA)$</a>Before buying Moderna, please do some research. They only have one commercial product for now - the Covid vaccine.Ask yourself this: what would happen once the sales of the vaccines decline, especially when first-to-market advantage fizzles?Moderna's other products are still in development and it will take some time before they hit the market.","text":"$Moderna, Inc.(MRNA)$Before buying Moderna, please do some research. They only have one commercial product for now - the Covid vaccine.Ask yourself this: what would happen once the sales of the vaccines decline, especially when first-to-market advantage fizzles?Moderna's other products are still in development and it will take some time before they hit the market.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":23,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095151832","isVote":1,"tweetType":1,"viewCount":1893,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582462952404823","authorId":"3582462952404823","name":"Eddywin","avatar":"https://static.tigerbbs.com/80e6836c88f1591a4a748386fa92b3be","crmLevel":2,"crmLevelSwitch":0,"idStr":"3582462952404823","authorIdStr":"3582462952404823"},"content":"One blockbuster is already More Than enough to compensaTe for all the work they have done in the last 10years. just that have to be either the first or the best to launch aS compared to competitors","text":"One blockbuster is already More Than enough to compensaTe for all the work they have done in the last 10years. just that have to be either the first or the best to launch aS compared to competitors","html":"One blockbuster is already More Than enough to compensaTe for all the work they have done in the last 10years. just that have to be either the first or the best to launch aS compared to competitors"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9098167364,"gmtCreate":1644049675407,"gmtModify":1676533886414,"author":{"id":"3568969291344827","authorId":"3568969291344827","name":"townbaby","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568969291344827","authorIdStr":"3568969291344827"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$</a>do some research before buying. Latest quarterly revenue was $157 million. Loss was&nbsp;$988 million (6x revenue) with $240 million cash loss.&nbsp;The current market grab is $20 billion. That's more than 30x revenue.&nbsp;","listText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$</a>do some research before buying. Latest quarterly revenue was $157 million. Loss was&nbsp;$988 million (6x revenue) with $240 million cash loss.&nbsp;The current market grab is $20 billion. That's more than 30x revenue.&nbsp;","text":"$Grab Holdings(GRAB)$do some research before buying. Latest quarterly revenue was $157 million. Loss was $988 million (6x revenue) with $240 million cash loss. The current market grab is $20 billion. That's more than 30x revenue.","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":41,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9098167364","isVote":1,"tweetType":1,"viewCount":2253,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3572474257232421","authorId":"3572474257232421","name":"QArmieeQ","avatar":"https://static.tigerbbs.com/4880f6ec2e047cce565a00b5fd10d91f","crmLevel":2,"crmLevelSwitch":1,"idStr":"3572474257232421","authorIdStr":"3572474257232421"},"content":"I don't think so. May need more time or years to turn to profit.","text":"I don't think so. May need more time or years to turn to profit.","html":"I don't think so. May need more time or years to turn to profit."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9098981065,"gmtCreate":1643998862870,"gmtModify":1676533880221,"author":{"id":"3568969291344827","authorId":"3568969291344827","name":"townbaby","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568969291344827","authorIdStr":"3568969291344827"},"themes":[],"htmlText":"Maybe stock split","listText":"Maybe stock split","text":"Maybe stock split","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9098981065","repostId":"1130518941","repostType":2,"repost":{"id":"1130518941","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1643986229,"share":"https://ttm.financial/m/news/1130518941?lang=&edition=fundamental","pubTime":"2022-02-04 22:50","market":"us","language":"en","title":"Alibaba Once Slid Nearly 3% in Morning Trading after Registering Additional 1 Billion ADSs","url":"https://stock-news.laohu8.com/highlight/detail?id=1130518941","media":"Tiger Newspress","summary":"Alibaba once slid nearly 3% in morning trading after registering additional 1 billion ADSs. Alibaba ","content":"<html><head></head><body><p>Alibaba once slid nearly 3% in morning trading after registering additional 1 billion ADSs.</p><p> <img src=\"https://static.tigerbbs.com/9da558de3b12a17503d06ce11487b762\" tg-width=\"764\" tg-height=\"567\" width=\"100%\" height=\"auto\"/></p><p>Alibaba Group Files Form F-6 To Register Additional 1B ADSs; Each Share Representing 8 Ordinary Shares Of Corporation.</p></body></html>","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>Alibaba Once Slid Nearly 3% in Morning Trading after Registering Additional 1 Billion ADSs</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\">\nAlibaba Once Slid Nearly 3% in Morning Trading after Registering Additional 1 Billion ADSs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-04 22:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Alibaba once slid nearly 3% in morning trading after registering additional 1 billion ADSs.</p><p> <img src=\"https://static.tigerbbs.com/9da558de3b12a17503d06ce11487b762\" tg-width=\"764\" tg-height=\"567\" width=\"100%\" height=\"auto\"/></p><p>Alibaba Group Files Form F-6 To Register Additional 1B ADSs; Each Share Representing 8 Ordinary Shares Of Corporation.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130518941","content_text":"Alibaba once slid nearly 3% in morning trading after registering additional 1 billion ADSs. Alibaba Group Files Form F-6 To Register Additional 1B ADSs; Each Share Representing 8 Ordinary Shares Of Corporation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":389,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358423504,"gmtCreate":1616723851308,"gmtModify":1704797896945,"author":{"id":"3568969291344827","authorId":"3568969291344827","name":"townbaby","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568969291344827","authorIdStr":"3568969291344827"},"themes":[],"htmlText":"The price to sales (P/S) ratio for all the examples are quite high in my opinion.Eg. At PS of 5 times, it will take a company 5 years to accumulate revenue that is equal to its market cap. We haven't even talk about profitability.\"In technology, the average price/sales ratio historically has been about 2X sales, according to Factset research.\"https://www.futuriom.com/articles/news/three-reason-why-tech-stocks-may-have-topped/2019/05","listText":"The price to sales (P/S) ratio for all the examples are quite high in my opinion.Eg. At PS of 5 times, it will take a company 5 years to accumulate revenue that is equal to its market cap. We haven't even talk about profitability.\"In technology, the average price/sales ratio historically has been about 2X sales, according to Factset research.\"https://www.futuriom.com/articles/news/three-reason-why-tech-stocks-may-have-topped/2019/05","text":"The price to sales (P/S) ratio for all the examples are quite high in my opinion.Eg. At PS of 5 times, it will take a company 5 years to accumulate revenue that is equal to its market cap. We haven't even talk about profitability.\"In technology, the average price/sales ratio historically has been about 2X sales, according to Factset research.\"https://www.futuriom.com/articles/news/three-reason-why-tech-stocks-may-have-topped/2019/05","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358423504","repostId":"1178655113","repostType":2,"repost":{"id":"1178655113","pubTimestamp":1616574377,"share":"https://ttm.financial/m/news/1178655113?lang=&edition=fundamental","pubTime":"2021-03-24 16:26","market":"us","language":"en","title":"Baidu: Recent Share Price Drop Is An Opportune Entry Window","url":"https://stock-news.laohu8.com/highlight/detail?id=1178655113","media":"seekingalpha","summary":"The recent correction in the broader tech sector has led to an overshoot in Baidu's share price drop.Baidu's current market capitalization isn't assigning any value to its high-growth businesses, such as AI and cloud.A valuation uptick of >20% can be achieved if Baidu's share price recovers to adjust for the overshoot and trades in line with its tech peers.The valuation analysis further indicated that there is very likely an overshoot in Baidu's share price drop. If Baidu is to trade in line wit","content":"<p><b>Summary</b></p>\n<ul>\n <li>The recent correction in the broader tech sector has led to an overshoot in Baidu's share price drop.</li>\n <li>Baidu's current market capitalization isn't assigning any value to its high-growth businesses, such as AI and cloud.</li>\n <li>A valuation uptick of &gt;20% can be achieved if Baidu's share price recovers to adjust for the overshoot and trades in line with its tech peers.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c268cf54d18b5bce1be1d1fa0dee0777\" tg-width=\"768\" tg-height=\"512\"><span>Photo by zorazhuang/iStock Unreleased via Getty Images</span></p>\n<p><b>Investment thesis</b></p>\n<p>The recent sharp correction of the tech sector since the beginning of March has led to a drop of around 15% in Baidu's (BIDU) share price. SOTP (Sum-of-the- Parts) valuation analysis of Baidu, with its updated year-end financials, showed that its current market capitalization isn't assigning any value to the high growth business areas it has been focusing on, such as cloud and AI.</p>\n<p>The valuation analysis further indicated that there is very likely an overshoot in Baidu's share price drop. If Baidu is to trade in line with its tech peers, there could be a valuation uptick of more than 20%.</p>\n<p><b>Background</b></p>\n<p>In my previous&nbsp;article, I shared my thinking that Baidu's valuation, on a high-level basis, can be broken down into two parts:</p>\n<ul>\n <li>Search: can be valued by benchmarking to Sogou's (SOGO) trading multiple</li>\n <li>Non-search: can be benchmarked to a list of tech companies (Alibaba (BABA), Tencent (OTCPK:TCEHY), Google (GOOGL), Tesla (TSLA))</li>\n</ul>\n<p>Based on Baidu's current valuation, the implied P/S multiple of its non-search business is around 6.5x.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/25f6a14410a950e11d170c0df7dad700\" tg-width=\"640\" tg-height=\"280\"><span>Source: Baidu company disclosure, Capital IQ</span></p>\n<p>This is much lower than its tech peers' multiple of around 11x.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/50817b7c52a01451cbf004bacf80fd7b\" tg-width=\"300\" tg-height=\"146\"><span>Source: Capital IQ</span></p>\n<p>If we carry out a more comprehensive SOTP analysis, we can see that this means, at Baidu's current market capitalization, the market is basically not assigning any value to its cloud and AI businesses at all.</p>\n<p><b>SOTP</b></p>\n<p>The following is how I carried out the more comprehensive SOTP analysis:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/495481bf4059deccc169ac96e0c88c22\" tg-width=\"640\" tg-height=\"250\"><span>Source: Baidu company disclosure, Capital IQ</span></p>\n<p><b>Search:</b>similar to the simplified SOTP above, I'm using Sogou's trading multiple to value Baidu's search business</p>\n<p><b>Apollo:</b>given the lack of disclosure, it is difficult to value the business unit by using a relative valuation model as in the case of search. One good comparable is Google's Waymo, which has the&nbsp;latest valuation of $30 billion.</p>\n<p>With Apollo's recent milestones, such as&nbsp;building the 5G intelligent driving project in Chengdu&nbsp;and&nbsp;testing paid driverless rides on public roads&nbsp;in China, one can debate if Apollo should be valued similarly to Waymo. But, to be conservative, I am assuming Apollo's valuation is at a 30% discount to Waymo's, i.e., $21 billion.</p>\n<p><b>Smart Living Group:</b>Its latest series A financing in September last year valued the company at&nbsp;around $3 billion. The post-financing dilution to Baidu's ownership was not disclosed, although its official announcement mentioned that Baidu would retain a majority stake.</p>\n<p>I assumed Baidu has post-money ownership of 55% (to be conservative again), and this will give rise to a value of only $1.7 billion for its Smart Living business.</p>\n<p>Its investments in iQIYI (IQ) and Trip.com (TCOM) are based on their corresponding market capitalizations.</p>\n<p>Given all these and further adjusting for its net cash position, the implied valuation of its other high growth business areas, such as AI and cloud, is less than zero.</p>\n<p><b>Upside</b></p>\n<p>There is very likely an overshoot in Baidu's recent share price drop. On a high-level basis, we can gauge the magnitude of the overshoot by applying the 11x P/S multiple that its tech peers are currently trading at to Baidu's non-search business.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa2d85a3366a93bdd2bbc0f72386f087\" tg-width=\"640\" tg-height=\"144\"><span>Source: Baidu company disclosure, Capital IQ</span></p>\n<p>We can see that if Baidu is to trade in line with the tech peers, there could be an upside of more than 20%.</p>\n<p><b>Hong Kong IPO</b></p>\n<p>The company is expected to raise around&nbsp;$3 billion from its Hong Kong IPO, with most of the proceeds being used to enhance its AI technology and to grow its non-search business. This further indicated the significance of the role AI and non-search business will play in terms of the company's future strategy and valuation.</p>\n<p>As the local investors in Hong Kong and China are much more familiar with the company's products and more likely to be their future users, its Hong Kong IPO could be a positive catalyst for unlocking the company's value in the long run, provided that it can continue to transform itself into a tech company that focuses on AI and intelligent driving.</p>\n<p><b>Risks</b></p>\n<p>Perception is a double-edged sword. Baidu, especially among the less familiar investors, has always been perceived as the search company of China, thanks to its dominant position in search. Without breaking such perception, its valuation level would hardly be benchmarked to the other \"high-flying\" tech peers, such as Tencent or Google.</p>\n<p>Disclosure of the company's non-search business segments is the key so that investors can understand its underlying value better. This is going to take time and won't happen overnight. Although we can't say for sure that the company will be more actively spinning off its business segments to unlock the value, like its BAT peers have been doing, I do expect there will be more disclosure in the future as its non-search business units continue to bear fruit and to raise capital from external investors.</p>\n<p>Besides, the recent sharp correction in the broader tech sector was largely sparked off by the risk of inflation and the recent hikes in treasury yields.</p>\n<p>Although the Fed signaled to keep its rates at record low levels at least until 2023 after its meeting last week, it did expect the economic growth and inflation to continue to pick up. As such, even though there might not be an immediate rate hike, an increase in interest rate would almost be inevitable in the long run, as the pandemic subsides and the economy improves.</p>\n<p>The only way to see to this seemingly inevitable rate increase, in the long run, is for Baidu to improve its future cash flows. Hence, this translates into how much the company can really transform itself into an AI / intelligent driving company in the coming years before the rate hike materializes. Not just at the strategy level, but in terms of bottom-line contribution and cash flow generation.</p>\n<p><b>Conclusion</b></p>\n<p>In my opinion, the overshoot in Baidu's share price drop provides a good entry window for the long-term investors who bet on the successful transformation of Baidu from a search-driven company to a tech company whose underlying value will be increasingly driven by high-growth non-search businesses.</p>","source":"seekingalpha","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>Baidu: Recent Share Price Drop Is An Opportune Entry Window</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\">\nBaidu: Recent Share Price Drop Is An Opportune Entry Window\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-24 16:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4415663-baidu-recent-share-price-drop-is-opportune-entry-window><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe recent correction in the broader tech sector has led to an overshoot in Baidu's share price drop.\nBaidu's current market capitalization isn't assigning any value to its high-growth ...</p>\n\n<a href=\"https://seekingalpha.com/article/4415663-baidu-recent-share-price-drop-is-opportune-entry-window\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09888":"百度集团-SW","BIDU":"百度"},"source_url":"https://seekingalpha.com/article/4415663-baidu-recent-share-price-drop-is-opportune-entry-window","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1178655113","content_text":"Summary\n\nThe recent correction in the broader tech sector has led to an overshoot in Baidu's share price drop.\nBaidu's current market capitalization isn't assigning any value to its high-growth businesses, such as AI and cloud.\nA valuation uptick of >20% can be achieved if Baidu's share price recovers to adjust for the overshoot and trades in line with its tech peers.\n\nPhoto by zorazhuang/iStock Unreleased via Getty Images\nInvestment thesis\nThe recent sharp correction of the tech sector since the beginning of March has led to a drop of around 15% in Baidu's (BIDU) share price. SOTP (Sum-of-the- Parts) valuation analysis of Baidu, with its updated year-end financials, showed that its current market capitalization isn't assigning any value to the high growth business areas it has been focusing on, such as cloud and AI.\nThe valuation analysis further indicated that there is very likely an overshoot in Baidu's share price drop. If Baidu is to trade in line with its tech peers, there could be a valuation uptick of more than 20%.\nBackground\nIn my previous article, I shared my thinking that Baidu's valuation, on a high-level basis, can be broken down into two parts:\n\nSearch: can be valued by benchmarking to Sogou's (SOGO) trading multiple\nNon-search: can be benchmarked to a list of tech companies (Alibaba (BABA), Tencent (OTCPK:TCEHY), Google (GOOGL), Tesla (TSLA))\n\nBased on Baidu's current valuation, the implied P/S multiple of its non-search business is around 6.5x.\nSource: Baidu company disclosure, Capital IQ\nThis is much lower than its tech peers' multiple of around 11x.\nSource: Capital IQ\nIf we carry out a more comprehensive SOTP analysis, we can see that this means, at Baidu's current market capitalization, the market is basically not assigning any value to its cloud and AI businesses at all.\nSOTP\nThe following is how I carried out the more comprehensive SOTP analysis:\nSource: Baidu company disclosure, Capital IQ\nSearch:similar to the simplified SOTP above, I'm using Sogou's trading multiple to value Baidu's search business\nApollo:given the lack of disclosure, it is difficult to value the business unit by using a relative valuation model as in the case of search. One good comparable is Google's Waymo, which has the latest valuation of $30 billion.\nWith Apollo's recent milestones, such as building the 5G intelligent driving project in Chengdu and testing paid driverless rides on public roads in China, one can debate if Apollo should be valued similarly to Waymo. But, to be conservative, I am assuming Apollo's valuation is at a 30% discount to Waymo's, i.e., $21 billion.\nSmart Living Group:Its latest series A financing in September last year valued the company at around $3 billion. The post-financing dilution to Baidu's ownership was not disclosed, although its official announcement mentioned that Baidu would retain a majority stake.\nI assumed Baidu has post-money ownership of 55% (to be conservative again), and this will give rise to a value of only $1.7 billion for its Smart Living business.\nIts investments in iQIYI (IQ) and Trip.com (TCOM) are based on their corresponding market capitalizations.\nGiven all these and further adjusting for its net cash position, the implied valuation of its other high growth business areas, such as AI and cloud, is less than zero.\nUpside\nThere is very likely an overshoot in Baidu's recent share price drop. On a high-level basis, we can gauge the magnitude of the overshoot by applying the 11x P/S multiple that its tech peers are currently trading at to Baidu's non-search business.\nSource: Baidu company disclosure, Capital IQ\nWe can see that if Baidu is to trade in line with the tech peers, there could be an upside of more than 20%.\nHong Kong IPO\nThe company is expected to raise around $3 billion from its Hong Kong IPO, with most of the proceeds being used to enhance its AI technology and to grow its non-search business. This further indicated the significance of the role AI and non-search business will play in terms of the company's future strategy and valuation.\nAs the local investors in Hong Kong and China are much more familiar with the company's products and more likely to be their future users, its Hong Kong IPO could be a positive catalyst for unlocking the company's value in the long run, provided that it can continue to transform itself into a tech company that focuses on AI and intelligent driving.\nRisks\nPerception is a double-edged sword. Baidu, especially among the less familiar investors, has always been perceived as the search company of China, thanks to its dominant position in search. Without breaking such perception, its valuation level would hardly be benchmarked to the other \"high-flying\" tech peers, such as Tencent or Google.\nDisclosure of the company's non-search business segments is the key so that investors can understand its underlying value better. This is going to take time and won't happen overnight. Although we can't say for sure that the company will be more actively spinning off its business segments to unlock the value, like its BAT peers have been doing, I do expect there will be more disclosure in the future as its non-search business units continue to bear fruit and to raise capital from external investors.\nBesides, the recent sharp correction in the broader tech sector was largely sparked off by the risk of inflation and the recent hikes in treasury yields.\nAlthough the Fed signaled to keep its rates at record low levels at least until 2023 after its meeting last week, it did expect the economic growth and inflation to continue to pick up. As such, even though there might not be an immediate rate hike, an increase in interest rate would almost be inevitable in the long run, as the pandemic subsides and the economy improves.\nThe only way to see to this seemingly inevitable rate increase, in the long run, is for Baidu to improve its future cash flows. Hence, this translates into how much the company can really transform itself into an AI / intelligent driving company in the coming years before the rate hike materializes. Not just at the strategy level, but in terms of bottom-line contribution and cash flow generation.\nConclusion\nIn my opinion, the overshoot in Baidu's share price drop provides a good entry window for the long-term investors who bet on the successful transformation of Baidu from a search-driven company to a tech company whose underlying value will be increasingly driven by high-growth non-search businesses.","news_type":1},"isVote":1,"tweetType":1,"viewCount":308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358420953,"gmtCreate":1616723640772,"gmtModify":1704797894192,"author":{"id":"3568969291344827","authorId":"3568969291344827","name":"townbaby","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568969291344827","authorIdStr":"3568969291344827"},"themes":[],"htmlText":"All of the Price to Sales (P/S)&nbsp;ratio are historically high in my opinion.E.g. at PS ratio of 5, it will take a company 5 years to accumulate revenue that matches is market cap. We haven't even talk about profitability.In technology, the average price/sales ratio historically has been about 2X sales, according to Factset research.https://www.futuriom.com/articles/news/three-reason-why-tech-stocks-may-have-topped/2019/05","listText":"All of the Price to Sales (P/S)&nbsp;ratio are historically high in my opinion.E.g. at PS ratio of 5, it will take a company 5 years to accumulate revenue that matches is market cap. We haven't even talk about profitability.In technology, the average price/sales ratio historically has been about 2X sales, according to Factset research.https://www.futuriom.com/articles/news/three-reason-why-tech-stocks-may-have-topped/2019/05","text":"All of the Price to Sales (P/S) ratio are historically high in my opinion.E.g. at PS ratio of 5, it will take a company 5 years to accumulate revenue that matches is market cap. We haven't even talk about profitability.In technology, the average price/sales ratio historically has been about 2X sales, according to Factset research.https://www.futuriom.com/articles/news/three-reason-why-tech-stocks-may-have-topped/2019/05","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358420953","repostId":"1178655113","repostType":2,"isVote":1,"tweetType":1,"viewCount":131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9098167364,"gmtCreate":1644049675407,"gmtModify":1676533886414,"author":{"id":"3568969291344827","authorId":"3568969291344827","name":"townbaby","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568969291344827","authorIdStr":"3568969291344827"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$</a>do some research before buying. Latest quarterly revenue was $157 million. Loss was&nbsp;$988 million (6x revenue) with $240 million cash loss.&nbsp;The current market grab is $20 billion. That's more than 30x revenue.&nbsp;","listText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$</a>do some research before buying. Latest quarterly revenue was $157 million. Loss was&nbsp;$988 million (6x revenue) with $240 million cash loss.&nbsp;The current market grab is $20 billion. That's more than 30x revenue.&nbsp;","text":"$Grab Holdings(GRAB)$do some research before buying. Latest quarterly revenue was $157 million. Loss was $988 million (6x revenue) with $240 million cash loss. The current market grab is $20 billion. That's more than 30x revenue.","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":41,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9098167364","isVote":1,"tweetType":1,"viewCount":2253,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3572474257232421","authorId":"3572474257232421","name":"QArmieeQ","avatar":"https://static.tigerbbs.com/4880f6ec2e047cce565a00b5fd10d91f","crmLevel":2,"crmLevelSwitch":1,"idStr":"3572474257232421","authorIdStr":"3572474257232421"},"content":"I don't think so. May need more time or years to turn to profit.","text":"I don't think so. May need more time or years to turn to profit.","html":"I don't think so. May need more time or years to turn to profit."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095151832,"gmtCreate":1644855537599,"gmtModify":1676533968728,"author":{"id":"3568969291344827","authorId":"3568969291344827","name":"townbaby","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568969291344827","authorIdStr":"3568969291344827"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MRNA\">$Moderna, Inc.(MRNA)$</a>Before buying Moderna, please do some research. They only have one commercial product for now - the Covid vaccine.Ask yourself this: what would happen once the sales of the vaccines decline, especially when first-to-market advantage fizzles?Moderna's other products are still in development and it will take some time before they hit the market.","listText":"<a href=\"https://ttm.financial/S/MRNA\">$Moderna, Inc.(MRNA)$</a>Before buying Moderna, please do some research. They only have one commercial product for now - the Covid vaccine.Ask yourself this: what would happen once the sales of the vaccines decline, especially when first-to-market advantage fizzles?Moderna's other products are still in development and it will take some time before they hit the market.","text":"$Moderna, Inc.(MRNA)$Before buying Moderna, please do some research. They only have one commercial product for now - the Covid vaccine.Ask yourself this: what would happen once the sales of the vaccines decline, especially when first-to-market advantage fizzles?Moderna's other products are still in development and it will take some time before they hit the market.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":23,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095151832","isVote":1,"tweetType":1,"viewCount":1893,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582462952404823","authorId":"3582462952404823","name":"Eddywin","avatar":"https://static.tigerbbs.com/80e6836c88f1591a4a748386fa92b3be","crmLevel":2,"crmLevelSwitch":0,"idStr":"3582462952404823","authorIdStr":"3582462952404823"},"content":"One blockbuster is already More Than enough to compensaTe for all the work they have done in the last 10years. just that have to be either the first or the best to launch aS compared to competitors","text":"One blockbuster is already More Than enough to compensaTe for all the work they have done in the last 10years. just that have to be either the first or the best to launch aS compared to competitors","html":"One blockbuster is already More Than enough to compensaTe for all the work they have done in the last 10years. just that have to be either the first or the best to launch aS compared to competitors"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9098981065,"gmtCreate":1643998862870,"gmtModify":1676533880221,"author":{"id":"3568969291344827","authorId":"3568969291344827","name":"townbaby","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568969291344827","authorIdStr":"3568969291344827"},"themes":[],"htmlText":"Maybe stock split","listText":"Maybe stock split","text":"Maybe stock split","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9098981065","repostId":"1130518941","repostType":2,"isVote":1,"tweetType":1,"viewCount":389,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354017758887984,"gmtCreate":1727438206052,"gmtModify":1727441480810,"author":{"id":"3568969291344827","authorId":"3568969291344827","name":"townbaby","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568969291344827","authorIdStr":"3568969291344827"},"themes":[],"htmlText":"Chinese stock is so undervalued.","listText":"Chinese stock is so undervalued.","text":"Chinese stock is so undervalued.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/354017758887984","repostId":"1103400346","repostType":2,"repost":{"id":"1103400346","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1727449200,"share":"https://ttm.financial/m/news/1103400346?lang=&edition=fundamental","pubTime":"2024-09-27 23:00","market":"us","language":"en","title":"Chinese ADRs Extend Gains After Beijing Injects Fresh Fuel into the Chinese Economy","url":"https://stock-news.laohu8.com/highlight/detail?id=1103400346","media":"Tiger Newspress","summary":"China cut the amount of cash banks must keep in reserve Friday and lowered a key policy rate, as Beijing rolls out a strong stimulus package unveiled this week in a push to shore up the slowing economy and investor confidence.The People’s Bank of China’s 0.5 percentage point reduction to the reserve requirement ratio was announced earlier this week by central bank chief Pan Gongsheng, who didn’t provide a timeframe.The cut is aimed at creating a “good monetary and financial environment” for the ","content":"<html><head></head><body><p>China cut the amount of cash banks must keep in reserve Friday and lowered a key policy rate, as Beijing rolls out a strong stimulus package unveiled this week in a push to shore up the slowing economy and investor confidence.</p><p style=\"text-align: start;\">The People’s Bank of China’s 0.5 percentage point reduction to the reserve requirement ratio was announced earlier this week by central bank chief Pan Gongsheng, who didn’t provide a timeframe.</p><p style=\"text-align: start;\">The cut is aimed at creating a “good monetary and financial environment” for the steady growth of the Chinese economy, the PBOC said in a statement.</p><p>The central bank also trimmed seven-day reverse repurchase rate to 1.5% from 1.7% on Friday, authorities said in a separate statement, confirming the timing for another move already revealed by Pan.</p><p>Chinese ADRs extended gains on Friday. Alibaba rose 3%; NIO rose 13%; IQiyi rose 9%; PDD Holdings rose 5%; XPeng rose 8%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/33b15f0b2b5baa77f7467e81cd922f5a\" tg-width=\"361\" tg-height=\"728\"/></p><p></p></body></html>","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>Chinese ADRs Extend Gains After Beijing Injects Fresh Fuel into the Chinese Economy</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\">\nChinese ADRs Extend Gains After Beijing Injects Fresh Fuel into the Chinese Economy\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-09-27 23:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>China cut the amount of cash banks must keep in reserve Friday and lowered a key policy rate, as Beijing rolls out a strong stimulus package unveiled this week in a push to shore up the slowing economy and investor confidence.</p><p style=\"text-align: start;\">The People’s Bank of China’s 0.5 percentage point reduction to the reserve requirement ratio was announced earlier this week by central bank chief Pan Gongsheng, who didn’t provide a timeframe.</p><p style=\"text-align: start;\">The cut is aimed at creating a “good monetary and financial environment” for the steady growth of the Chinese economy, the PBOC said in a statement.</p><p>The central bank also trimmed seven-day reverse repurchase rate to 1.5% from 1.7% on Friday, authorities said in a separate statement, confirming the timing for another move already revealed by Pan.</p><p>Chinese ADRs extended gains on Friday. Alibaba rose 3%; NIO rose 13%; IQiyi rose 9%; PDD Holdings rose 5%; XPeng rose 8%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/33b15f0b2b5baa77f7467e81cd922f5a\" tg-width=\"361\" tg-height=\"728\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PDD":"拼多多","TCOM":"携程网","JD":"京东","XPEV":"小鹏汽车","NTES":"网易","TME":"腾讯音乐","NIO":"蔚来"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103400346","content_text":"China cut the amount of cash banks must keep in reserve Friday and lowered a key policy rate, as Beijing rolls out a strong stimulus package unveiled this week in a push to shore up the slowing economy and investor confidence.The People’s Bank of China’s 0.5 percentage point reduction to the reserve requirement ratio was announced earlier this week by central bank chief Pan Gongsheng, who didn’t provide a timeframe.The cut is aimed at creating a “good monetary and financial environment” for the steady growth of the Chinese economy, the PBOC said in a statement.The central bank also trimmed seven-day reverse repurchase rate to 1.5% from 1.7% on Friday, authorities said in a separate statement, confirming the timing for another move already revealed by Pan.Chinese ADRs extended gains on Friday. Alibaba rose 3%; NIO rose 13%; IQiyi rose 9%; PDD Holdings rose 5%; XPeng rose 8%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":246425663340592,"gmtCreate":1701183995830,"gmtModify":1701183999351,"author":{"id":"3568969291344827","authorId":"3568969291344827","name":"townbaby","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568969291344827","authorIdStr":"3568969291344827"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/JBLU\">$JetBlue Airways(JBLU)$ &nbsp;</a>is super cheap now (almost looks like it is on Black Friday sale), but it makes more sense to invest in <a href=\"https://ttm.financial/S/SAVE\">$Spirit Airlines(SAVE)$ &nbsp;</a>if you believe the merger will take place.","listText":"<a href=\"https://ttm.financial/S/JBLU\">$JetBlue Airways(JBLU)$ &nbsp;</a>is super cheap now (almost looks like it is on Black Friday sale), but it makes more sense to invest in <a href=\"https://ttm.financial/S/SAVE\">$Spirit Airlines(SAVE)$ &nbsp;</a>if you believe the merger will take place.","text":"$JetBlue Airways(JBLU)$ is super cheap now (almost looks like it is on Black Friday sale), but it makes more sense to invest in $Spirit Airlines(SAVE)$ if you believe the merger will take place.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246425663340592","isVote":1,"tweetType":1,"viewCount":475,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358423504,"gmtCreate":1616723851308,"gmtModify":1704797896945,"author":{"id":"3568969291344827","authorId":"3568969291344827","name":"townbaby","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568969291344827","authorIdStr":"3568969291344827"},"themes":[],"htmlText":"The price to sales (P/S) ratio for all the examples are quite high in my opinion.Eg. At PS of 5 times, it will take a company 5 years to accumulate revenue that is equal to its market cap. We haven't even talk about profitability.\"In technology, the average price/sales ratio historically has been about 2X sales, according to Factset research.\"https://www.futuriom.com/articles/news/three-reason-why-tech-stocks-may-have-topped/2019/05","listText":"The price to sales (P/S) ratio for all the examples are quite high in my opinion.Eg. At PS of 5 times, it will take a company 5 years to accumulate revenue that is equal to its market cap. We haven't even talk about profitability.\"In technology, the average price/sales ratio historically has been about 2X sales, according to Factset research.\"https://www.futuriom.com/articles/news/three-reason-why-tech-stocks-may-have-topped/2019/05","text":"The price to sales (P/S) ratio for all the examples are quite high in my opinion.Eg. At PS of 5 times, it will take a company 5 years to accumulate revenue that is equal to its market cap. We haven't even talk about profitability.\"In technology, the average price/sales ratio historically has been about 2X sales, according to Factset research.\"https://www.futuriom.com/articles/news/three-reason-why-tech-stocks-may-have-topped/2019/05","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358423504","repostId":"1178655113","repostType":2,"isVote":1,"tweetType":1,"viewCount":308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358420953,"gmtCreate":1616723640772,"gmtModify":1704797894192,"author":{"id":"3568969291344827","authorId":"3568969291344827","name":"townbaby","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568969291344827","authorIdStr":"3568969291344827"},"themes":[],"htmlText":"All of the Price to Sales (P/S)&nbsp;ratio are historically high in my opinion.E.g. at PS ratio of 5, it will take a company 5 years to accumulate revenue that matches is market cap. We haven't even talk about profitability.In technology, the average price/sales ratio historically has been about 2X sales, according to Factset research.https://www.futuriom.com/articles/news/three-reason-why-tech-stocks-may-have-topped/2019/05","listText":"All of the Price to Sales (P/S)&nbsp;ratio are historically high in my opinion.E.g. at PS ratio of 5, it will take a company 5 years to accumulate revenue that matches is market cap. We haven't even talk about profitability.In technology, the average price/sales ratio historically has been about 2X sales, according to Factset research.https://www.futuriom.com/articles/news/three-reason-why-tech-stocks-may-have-topped/2019/05","text":"All of the Price to Sales (P/S) ratio are historically high in my opinion.E.g. at PS ratio of 5, it will take a company 5 years to accumulate revenue that matches is market cap. We haven't even talk about profitability.In technology, the average price/sales ratio historically has been about 2X sales, according to Factset research.https://www.futuriom.com/articles/news/three-reason-why-tech-stocks-may-have-topped/2019/05","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358420953","repostId":"1178655113","repostType":2,"isVote":1,"tweetType":1,"viewCount":131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}