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05-14

follow the CEO..... he sell, u sell.... he buy.... u buy🙏🙏

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05-14

Sold

DBS Group Q1 Was Another Home Run

02-12

Can be cheaper slightly more.

JD.com: Extreme Cheapness Won't Last Long

02-06

Profits is the real thing.... AML & CDD more to paper checking process

Singapore's Banks Profits Set to Peak As Rates Boost Fades

02-05

Fighting spirit on 💪💪

Palantir Earnings Are Coming. What to Expect

02-05

Fighting spirit goes on

Palantir Q4 Earnings Preview: Big Expectations From Commercial Division

01-30

Holding power, a significant Role🙏🙏

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2023-11-09

Although $300/- tag challenging...... but with innovation ideas, should be able or close to the price tag🙏🙏

Can the Tesla Share Price Hit $300 Again?

2023-11-07

My 2 cents......should be able to shine for next 18 mths average. Thank you.

Tesla Is No Longer A Growth Stock?

2023-11-06

Well, shares mean to stimulate...... if no player...... will be bored.

Warning: Nothing Is Stopping NIO Stock From Crashing Now

2023-11-03

Positive News. Thank you.

Nio Jumps over 3% as the EV Maker to Cut 10% of Staff Positions and May Spin Off Businesses

2023-10-13

Just hold on to whatever counters you have in hand.

Hong Kong Stocks Snap Six-Day Winning Streak as Weak China Inflation Reports Undermine Bets on Recovery

2023-09-28

Another strategy game play. Trade with care 🙏🙏

NIO Stock: Dilution Fears And Rumors

2023-09-08

Anything possible nowadays. Just curious why out of a sudden and it surfaced.

PDD Stock Alert: Grizzly Research Slams Pinduoduo in New Short Report

2023-09-05

Most of us aware too. Appreciate your article though thanks. 👍👍

VinFast: One Of The Largest Disconnects Between Fundamentals & Price I’ve Ever Seen

2023-09-01

Need volume to support the upward momentum. If not, challenging.

JD.com: Good Returns Potential As The Ship Is Turning Around

2023-08-14

deep blue sea.... buy when low🙏🙏

A Stumbling Stock Market Faces a Crucial Summer Test

2023-08-04

When you buy, the price will come down.... cos others letting it go..... another 48 to 72 hrs.... this article will take effect. So wait a while before you decided to buy in. Thank you.

AMD Stock Gains 3% in Morning Trading. Analyst Sees an a "Best Positioned" AI Play.

2023-08-01

If down, supporting level at $112.83.

AMD Chips Face Challenges. Why the Stock Is Still a Buy Ahead of Earnings

2023-08-01

Accumulate now🙏🙏

AMD Earnings Preview: Looking for More Cues for PC Market Recovery

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the CEO..... he sell, u sell.... he buy.... u buy🙏🙏","listText":"follow the CEO..... he sell, u sell.... he buy.... u buy🙏🙏","text":"follow the CEO..... he sell, u sell.... he buy.... u buy🙏🙏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/305658459000984","repostId":"2435397113","repostType":4,"isVote":1,"tweetType":1,"viewCount":382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":305658072432944,"gmtCreate":1715658053564,"gmtModify":1715658057180,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Sold&nbsp;","listText":"Sold&nbsp;","text":"Sold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/305658072432944","repostId":"2435397113","repostType":4,"repost":{"id":"2435397113","pubTimestamp":1715654836,"share":"https://ttm.financial/m/news/2435397113?lang=&edition=fundamental","pubTime":"2024-05-14 10:47","market":"hk","language":"en","title":"DBS Group Q1 Was Another Home Run","url":"https://stock-news.laohu8.com/highlight/detail?id=2435397113","media":"seekingalpha","summary":"DBS Group Holdings delivered strong financial results with a 15% increase in net profit and a 8% growth in net interest income.The bank's fee income also performed well, with net fee income growing by","content":"<html><head></head><body><ul style=\"\"><li><p>DBS Group Holdings delivered strong financial results with a 15% increase in net profit and a 8% growth in net interest income.</p></li><li><p>The bank&#39;s fee income also performed well, with net fee income growing by 23% and card fees increasing by 33%.</p></li><li><p>The share price of DBS has reached new highs, leading to a reconsideration of the Buy stance and a downgrade to a Hold level.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c4785dd5b2ea245bde31aedcb2c4d408\" tg-width=\"750\" tg-height=\"500\"/></p><p>RomanBabakin/iStock Editorial via Getty Images</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d1afd3f872cf46cc97667a1c72dfd09f\" tg-width=\"406\" tg-height=\"135\"/></p><p>DBS Group logo (DBS Group)</p><h2 id=\"id_192340591\">Investment Thesis</h2><p>It was roughly one year ago that we upgraded DBS Group Holdings Ltd. from a Hold to a Buy. We concluded then that the pullback in share price from S$35 to $28 made DBS shares attractive enough to Buy.</p><p>Please do bear in mind that our stance for DBS Group Ltd. of Singapore is the same whether it is for the ordinary shares trading on the Singapore Stock Exchange, or as an American Depositary Receipt trading in the U.S.</p><p>DBS Group has two classes of ADRs. One is DBSDY which represent 4 ordinary shares, and the other is DBSDF which represent just one ordinary share.</p><p>As such, if we upgrade or downgrade the stance, it covers all three alternatives to invest in the bank.</p><p>It has been a very good place to be invested in any of these three alternatives.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/132236c0b89716604cbd710072b818e4\" tg-width=\"640\" tg-height=\"186\"/></p><p>DBSDY gain 33% total return in one year (SA)</p><p>Whenever a share price climbs to new highs, it naturally results in shareholders starting to think that it might be a good time to take their profits.</p><p>It reminds us of what the banker and investor Baron Nathan Rothschild once said:</p><blockquote><p>I never buy at the bottom, and I always sell too soon”</p></blockquote><p>With this article, we shall consider whether we want to maintain our previous Buy stance remains, or change course.</p><p>As usual, we start with the company’s latest financial results</p><h2 id=\"id_919371789\">DBS First Quarter Results</h2><p>DBSDY delivered a net profit of S$2.96 billion, which was an improvement of 15% on a y-o-y basis. If we look at it on a q-o-q basis, the improvement was as high as 30%. It is safe to say that the bank hit a home run last quarter.</p><p>The return on equity increased to 19.4%.</p><p>Net interest income grew 8% to S$3.5 billion, lifted by higher NIM, which continued to climb by 2 basis points to 2.77%. A year ago, we thought that NIM would start to decline, but thanks to Mr. Powell, rates are staying higher for longer globally.</p><p>At least for now.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/5e16742a786dfa0f815106000d2951c8\" tg-width=\"640\" tg-height=\"370\"/></p><p>DBS Group NIM and net interest income (DBS Q1 2024 Results CFO Presentation)</p><p>The reason we described last quarter as a “home run” is that it was not only the net interest income that rose, but fee income also did well.</p><p>Net fee income grew by 23% and crossed $1 billion for the first time, with an increase led by wealth management and loan fees.</p><p>According to the management, wealth customers which have been sitting on the fence parking their cash in deposits, are now increasingly beginning to put money to work. This adds bank fees for the bank. On that note, it gives us as investors some concern. When others are getting greedy, it is time for us to get cautious.</p><p>It was positive to see that DBS&#39;s consumers are starting to spend more money. The bank’s card fees grew 33% to $301 million. The inclusion of customers from the recently acquired Citi Taiwan portfolio accounted for 75% of the increase.</p><p>The bank’s division in charge of Markets Trading activities also did well, posting an income of $246 million in Q1.</p><p>Inflationary pressure and costs of integrating their new investments resulted in a rise in total expenses of 10% to S$2.08 billion.</p><p>Nonperforming assets rose 3% from the previous quarter to $5.22 billion. New NPA formation was partially offset by repayments and write-offs. The NPL ratio was unchanged from the previous quarter at 1.1%.</p><p>CET1 ratio stood at 14.7% at the end of Q1.DBS</p><h2 id=\"id_732647979\">DBS Group valuation</h2><p>Conventional wisdom would be that the higher the share price goes, the smaller the safety margin becomes.</p><p>The share price of DBS on the Singapore Stock Exchange has risen to S$35.70 as of the time of writing. That means its market capitalization has gone up to $102 billion. This is the highest ever for a Singapore-listed company.</p><p>Let us look at the comparison between these banks and see that they are very similar in terms of their price to value.</p><p>The three Singapore home-grown largest banks are DBSDY, Oversea-Chinese Banking Corporation Ltd. (OTCPK:OVCHF), and United Overseas Bank Ltd. (OTCPK:UOVEY) (OTCPK:UOVEF).</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4f442ef0e7a58ddda08912df9f09fcf9\" tg-width=\"493\" tg-height=\"172\"/></p><p>DBS Group valuation against its Singapore peers (Data from the banks. Compilation by author)</p><p>All three banks are good banks.</p><p>Our preference for DBSDY is based on what we see as a better growth potential for DBSDY with its presence in several important Asian trading and wealth hubs, like Hong Kong with its Greater Bay Area, Taiwan, and India.</p><p>On the topic of the share price, we do take note when a company’s CEO or CFO sells their shares.</p><p>In early May, just after the receipt of 1 bonus share for every 10 shares owned which took place at the end of April, DBSDY’s CEO Piyush Gupta sold 95,000 shares at a sum of about S$3.4 million. He still owns 2.69 million ordinary shares.</p><p>It is a small part of the number of shares he holds. However, we assume that he thought it was a good price to sell the shares at.</p><p>At least a fair value.</p><h2 id=\"id_2267398451\">Singapore and Hong Kong’s economy</h2><p>We will focus on the two largest markets for DBS. They are Singapore and Hong Kong.</p><h4 id=\"id_1484607977\">Singapore</h4><ul style=\"\"><li><p><strong>Inflation &amp; interest rates</strong></p></li></ul><p>All eyes these days are on what central banks will do to interest rates. A decade of very low interest rates has resulted in corporates and individuals becoming used to low borrowing costs. It is only when the tide goes out, that you can notice who has been swimming naked.</p><p>Most countries central bank sets a steering rate, which is the interest rate banks need to pay to borrow money from the central bank overnight. A discounted rate is the rate that banks get paid by central banks if they hold surplus liquidity that they lend to the central bank.</p><p>A higher interest rate is the central bank&#39;s tool to curtail inflation.</p><p>The Monetary Authority of Singapore, on the other hand, does not use the interest rate as their tool. They use their exchange rate mechanism against a basket of currencies to curtail inflation. A stronger Singapore dollar makes the importation of materials cheaper. Hence, inflationary pressure should be reduced.</p><p>On the 12th of April, MAS published its latest economic figures and projections. MAS’s core inflation averaged 3.4% y-o-y in January and February. Their forecast is for the inflation level to stay elevated in the coming quarters, but should taper towards the end of 2024.</p><ul style=\"\"><li><p><strong>GDP &amp; unemployment</strong></p></li></ul><p>Singapore’s Ministry of Trade &amp; Industry showed that GDP growth in the Singapore economy came in at a weak 0.1% on a q-o-q seasonally adjusted basis in Q1 of 2024, down from 1.2% in Q4 2023.</p><p>Fortunately, Singapore does have a low official unemployment rate.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/623591b20c80564440bb54505a23577b\" tg-width=\"640\" tg-height=\"228\"/></p><p>Singapore&#39;s citizen&#39;s unemployment rate (Data from Ministry of Manpower. Graph by author)</p><p>On the topic of interest rates and employment, we would like to share with our readers that borrowers in Singapore can get a 2-year fixed mortgage rate of 2.85% which in our opinion is not high. Certainly, not in a historical context. We see very few forced sales of properties at this moment.</p><h4 id=\"id_235767202\">Hong Kong</h4><ul style=\"\"><li><p><strong>Inflation &amp; interest rates</strong></p></li></ul><p>To compare apples with apples, we compare Hong Kong’s inflation on the same basis as that of Singapore. The average for January and February 2024 on a y-o-y basis was only 1.3%, which is considerably lower than the 3.4% Singapore reported.</p><p>The Hong Kong dollar has been linked to the U.S. dollar for forty years. This means that their interest rate must follow that of the Federal Reserve closely. According to an article in the South China Morning Post, the major Hong Kong banks kept their HK dollar prime lending rates at 5.875% in early May. Interestingly, the interest they pay on deposits is only 0.875%</p><ul style=\"\"><li><p><strong>GDP &amp; unemployment</strong></p></li></ul><p>Hong Kong&#39;s economy recorded moderate growth in the first quarter of 2024. According to the advance estimates, real GDP grew by 2.7% in the first quarter of 2024 over a year earlier. On a seasonally adjusted quarter-to-quarter basis, real GDP increased by 2.3%.</p><p>According to the Government of Hong Kong, Census &amp; Statistics department, they also have a low unemployment rate of just 3%.</p><p>As a commentary on Hong Kong versus Singapore, there seems to be less confidence in Hong Kong than what we see in Singapore.</p><p>The real estate market and consumer confidence are low in Hong Kong. DBSDY also reported a tepid demand for mortgages in Hong Kong. They also informed during the recent presentation to analysts that their exposure to commercial real estate in Hong Kong was S$18 billion. However, they reassured investors that their stress test did not give them any elevated concern for now.</p><h2 id=\"id_2332278202\">Risk to Thesis and Conclusion</h2><p>The bank is still facing some headwinds in loan growth in Hong Kong as some of the loans are shifting from Hong Kong to mainland China. The property market in Singapore is also soft. As such, we could see a reduction in new mortgages in their two main markets.</p><p>With interest rates staying elevated for longer than earlier anticipated, DBS is also keeping an eye on their unsecured consumer book, and their SME loan book.</p><p>Their CEO Gupta stated in the last presentation to analysts:</p><blockquote><p>If the rates do not go down materially within the next 12 months, it is not unreasonable to assume that at some stage, you should start seeing a pickup in provisions to go back to long-term averages.”</p></blockquote><p>What is the average?</p><p>We have looked at 10-year historical data of both Non-Performing Assets and Non-Performing Loans to determine what the averages are.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/41c6793460e378908e31b97798a0daee\" tg-width=\"548\" tg-height=\"301\"/></p><p>DBS Group - NPA and NPL over a 10-year period (Data from DBS Group. Graph by author)</p><p>The 10-year average NPA is 5.03, which is basically where we are now.</p><p>The average for the NPL is 1.3%. We do not see elevated risk from their present level of NPA, but we will keep a close eye on it in the coming quarters.</p><p>To sum it all up. The share price of DBSDY is not expensive in terms of its valuation.</p><p>However, we do feel that all this good news is already priced in.</p><p>At the present share price level, we would downgrade DBSDY back to a Hold level, as we think the risk/reward for a future rise in the share price is less favorable.</p><p>We will not presently sell down our position, as we still think that it will reward shareholders with generous dividends in the foreseeable future. It is hard to predict where the share price will go from here. We are prepared for both directions without losing any sleep.</p></body></html>","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>DBS Group Q1 Was Another Home Run</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\">\nDBS Group Q1 Was Another Home Run\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-14 10:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4692674-dbs-group-q1-earnings-strong-stock-new-highs-downgrade><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>DBS Group Holdings delivered strong financial results with a 15% increase in net profit and a 8% growth in net interest income.The bank's fee income also performed well, with net fee income growing by...</p>\n\n<a href=\"https://seekingalpha.com/article/4692674-dbs-group-q1-earnings-strong-stock-new-highs-downgrade\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SG9999001135.SGD":"United ASEAN Fund SGD","BK6516":"银行与投资服务概念","LU2257852520.SGD":"JPMorgan Funds - Asia Growth A (acc) SGD","SG9999014302.SGD":"RHB Singapore Income Fund SGD","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","LU0048573645.USD":"富达东盟基金","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","LU0251143029.SGD":"Fidelity ASEAN A-SGD","LU0084288322.USD":"Natixis Asia Equity RD USD","SG9999000459.SGD":"Aberdeen Standard Pacific Equity SGD","SG9999001846.SGD":"Schroder Asian Equity Yield A Dis SGD","LU0831103253.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD","SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","BK4211":"区域性银行","BK4195":"互助储蓄与抵押信贷金融服务","LU0577902371.SGD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (SGD) ACC","LU0898667661.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD-H","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","SG9999003800.SGD":"Nikko AM Global Dividend Equity Acc SGD-H","LU0577902298.EUR":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (EUR) ACC","LU0205439572.USD":"富达亚太股息基金","LU0029875118.USD":"TEMPLETON ASIAN GROWTH \"A\" INC","BK4207":"综合性银行","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","SG9999001903.USD":"Aberdeen Standard Pacific Equity USD","LU1130305938.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD-H","LU0831093199.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM3\" (SGDHDG) INC","BK6112":"综合性银行","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","SG9999013478.USD":"利安新加坡股息基金","D05.SI":"星展集团控股","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","LU0577902454.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) ACC","SG9999011175.SGD":"Nikko AM Global Dividend Equity Dis SGD-H","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","LU0543330483.HKD":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC","BK4017":"黄金"},"source_url":"https://seekingalpha.com/article/4692674-dbs-group-q1-earnings-strong-stock-new-highs-downgrade","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2435397113","content_text":"DBS Group Holdings delivered strong financial results with a 15% increase in net profit and a 8% growth in net interest income.The bank's fee income also performed well, with net fee income growing by 23% and card fees increasing by 33%.The share price of DBS has reached new highs, leading to a reconsideration of the Buy stance and a downgrade to a Hold level.RomanBabakin/iStock Editorial via Getty ImagesDBS Group logo (DBS Group)Investment ThesisIt was roughly one year ago that we upgraded DBS Group Holdings Ltd. from a Hold to a Buy. We concluded then that the pullback in share price from S$35 to $28 made DBS shares attractive enough to Buy.Please do bear in mind that our stance for DBS Group Ltd. of Singapore is the same whether it is for the ordinary shares trading on the Singapore Stock Exchange, or as an American Depositary Receipt trading in the U.S.DBS Group has two classes of ADRs. One is DBSDY which represent 4 ordinary shares, and the other is DBSDF which represent just one ordinary share.As such, if we upgrade or downgrade the stance, it covers all three alternatives to invest in the bank.It has been a very good place to be invested in any of these three alternatives.DBSDY gain 33% total return in one year (SA)Whenever a share price climbs to new highs, it naturally results in shareholders starting to think that it might be a good time to take their profits.It reminds us of what the banker and investor Baron Nathan Rothschild once said:I never buy at the bottom, and I always sell too soon”With this article, we shall consider whether we want to maintain our previous Buy stance remains, or change course.As usual, we start with the company’s latest financial resultsDBS First Quarter ResultsDBSDY delivered a net profit of S$2.96 billion, which was an improvement of 15% on a y-o-y basis. If we look at it on a q-o-q basis, the improvement was as high as 30%. It is safe to say that the bank hit a home run last quarter.The return on equity increased to 19.4%.Net interest income grew 8% to S$3.5 billion, lifted by higher NIM, which continued to climb by 2 basis points to 2.77%. A year ago, we thought that NIM would start to decline, but thanks to Mr. Powell, rates are staying higher for longer globally.At least for now.DBS Group NIM and net interest income (DBS Q1 2024 Results CFO Presentation)The reason we described last quarter as a “home run” is that it was not only the net interest income that rose, but fee income also did well.Net fee income grew by 23% and crossed $1 billion for the first time, with an increase led by wealth management and loan fees.According to the management, wealth customers which have been sitting on the fence parking their cash in deposits, are now increasingly beginning to put money to work. This adds bank fees for the bank. On that note, it gives us as investors some concern. When others are getting greedy, it is time for us to get cautious.It was positive to see that DBS's consumers are starting to spend more money. The bank’s card fees grew 33% to $301 million. The inclusion of customers from the recently acquired Citi Taiwan portfolio accounted for 75% of the increase.The bank’s division in charge of Markets Trading activities also did well, posting an income of $246 million in Q1.Inflationary pressure and costs of integrating their new investments resulted in a rise in total expenses of 10% to S$2.08 billion.Nonperforming assets rose 3% from the previous quarter to $5.22 billion. New NPA formation was partially offset by repayments and write-offs. The NPL ratio was unchanged from the previous quarter at 1.1%.CET1 ratio stood at 14.7% at the end of Q1.DBSDBS Group valuationConventional wisdom would be that the higher the share price goes, the smaller the safety margin becomes.The share price of DBS on the Singapore Stock Exchange has risen to S$35.70 as of the time of writing. That means its market capitalization has gone up to $102 billion. This is the highest ever for a Singapore-listed company.Let us look at the comparison between these banks and see that they are very similar in terms of their price to value.The three Singapore home-grown largest banks are DBSDY, Oversea-Chinese Banking Corporation Ltd. (OTCPK:OVCHF), and United Overseas Bank Ltd. (OTCPK:UOVEY) (OTCPK:UOVEF).DBS Group valuation against its Singapore peers (Data from the banks. Compilation by author)All three banks are good banks.Our preference for DBSDY is based on what we see as a better growth potential for DBSDY with its presence in several important Asian trading and wealth hubs, like Hong Kong with its Greater Bay Area, Taiwan, and India.On the topic of the share price, we do take note when a company’s CEO or CFO sells their shares.In early May, just after the receipt of 1 bonus share for every 10 shares owned which took place at the end of April, DBSDY’s CEO Piyush Gupta sold 95,000 shares at a sum of about S$3.4 million. He still owns 2.69 million ordinary shares.It is a small part of the number of shares he holds. However, we assume that he thought it was a good price to sell the shares at.At least a fair value.Singapore and Hong Kong’s economyWe will focus on the two largest markets for DBS. They are Singapore and Hong Kong.SingaporeInflation & interest ratesAll eyes these days are on what central banks will do to interest rates. A decade of very low interest rates has resulted in corporates and individuals becoming used to low borrowing costs. It is only when the tide goes out, that you can notice who has been swimming naked.Most countries central bank sets a steering rate, which is the interest rate banks need to pay to borrow money from the central bank overnight. A discounted rate is the rate that banks get paid by central banks if they hold surplus liquidity that they lend to the central bank.A higher interest rate is the central bank's tool to curtail inflation.The Monetary Authority of Singapore, on the other hand, does not use the interest rate as their tool. They use their exchange rate mechanism against a basket of currencies to curtail inflation. A stronger Singapore dollar makes the importation of materials cheaper. Hence, inflationary pressure should be reduced.On the 12th of April, MAS published its latest economic figures and projections. MAS’s core inflation averaged 3.4% y-o-y in January and February. Their forecast is for the inflation level to stay elevated in the coming quarters, but should taper towards the end of 2024.GDP & unemploymentSingapore’s Ministry of Trade & Industry showed that GDP growth in the Singapore economy came in at a weak 0.1% on a q-o-q seasonally adjusted basis in Q1 of 2024, down from 1.2% in Q4 2023.Fortunately, Singapore does have a low official unemployment rate.Singapore's citizen's unemployment rate (Data from Ministry of Manpower. Graph by author)On the topic of interest rates and employment, we would like to share with our readers that borrowers in Singapore can get a 2-year fixed mortgage rate of 2.85% which in our opinion is not high. Certainly, not in a historical context. We see very few forced sales of properties at this moment.Hong KongInflation & interest ratesTo compare apples with apples, we compare Hong Kong’s inflation on the same basis as that of Singapore. The average for January and February 2024 on a y-o-y basis was only 1.3%, which is considerably lower than the 3.4% Singapore reported.The Hong Kong dollar has been linked to the U.S. dollar for forty years. This means that their interest rate must follow that of the Federal Reserve closely. According to an article in the South China Morning Post, the major Hong Kong banks kept their HK dollar prime lending rates at 5.875% in early May. Interestingly, the interest they pay on deposits is only 0.875%GDP & unemploymentHong Kong's economy recorded moderate growth in the first quarter of 2024. According to the advance estimates, real GDP grew by 2.7% in the first quarter of 2024 over a year earlier. On a seasonally adjusted quarter-to-quarter basis, real GDP increased by 2.3%.According to the Government of Hong Kong, Census & Statistics department, they also have a low unemployment rate of just 3%.As a commentary on Hong Kong versus Singapore, there seems to be less confidence in Hong Kong than what we see in Singapore.The real estate market and consumer confidence are low in Hong Kong. DBSDY also reported a tepid demand for mortgages in Hong Kong. They also informed during the recent presentation to analysts that their exposure to commercial real estate in Hong Kong was S$18 billion. However, they reassured investors that their stress test did not give them any elevated concern for now.Risk to Thesis and ConclusionThe bank is still facing some headwinds in loan growth in Hong Kong as some of the loans are shifting from Hong Kong to mainland China. The property market in Singapore is also soft. As such, we could see a reduction in new mortgages in their two main markets.With interest rates staying elevated for longer than earlier anticipated, DBS is also keeping an eye on their unsecured consumer book, and their SME loan book.Their CEO Gupta stated in the last presentation to analysts:If the rates do not go down materially within the next 12 months, it is not unreasonable to assume that at some stage, you should start seeing a pickup in provisions to go back to long-term averages.”What is the average?We have looked at 10-year historical data of both Non-Performing Assets and Non-Performing Loans to determine what the averages are.DBS Group - NPA and NPL over a 10-year period (Data from DBS Group. Graph by author)The 10-year average NPA is 5.03, which is basically where we are now.The average for the NPL is 1.3%. We do not see elevated risk from their present level of NPA, but we will keep a close eye on it in the coming quarters.To sum it all up. The share price of DBSDY is not expensive in terms of its valuation.However, we do feel that all this good news is already priced in.At the present share price level, we would downgrade DBSDY back to a Hold level, as we think the risk/reward for a future rise in the share price is less favorable.We will not presently sell down our position, as we still think that it will reward shareholders with generous dividends in the foreseeable future. It is hard to predict where the share price will go from here. We are prepared for both directions without losing any sleep.","news_type":1},"isVote":1,"tweetType":1,"viewCount":313,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":273083988005080,"gmtCreate":1707708845742,"gmtModify":1707708850697,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Can be cheaper slightly more.&nbsp;","listText":"Can be cheaper slightly more.&nbsp;","text":"Can be cheaper slightly more.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/273083988005080","repostId":"2410044636","repostType":2,"repost":{"id":"2410044636","pubTimestamp":1707701256,"share":"https://ttm.financial/m/news/2410044636?lang=&edition=fundamental","pubTime":"2024-02-12 09:27","market":"us","language":"en","title":"JD.com: Extreme Cheapness Won't Last Long","url":"https://stock-news.laohu8.com/highlight/detail?id=2410044636","media":"seekingalpha","summary":"In this article, I will explore that question, ultimately concluding that JD is likely worth more than its current stock price suggests. China Macro Risks Before going any further, I should cover the risks that JD is ex","content":"<html><head></head><body><ul style=\"\"><li><p>JD.com stock fell in the wake of Alibaba&#39;s December quarter earnings release.</p></li><li><p>The release renewed fears of a slowing Chinese economy, as Alibaba grew revenue at just 2.1%, or 5% in constant currency.</p></li><li><p>JD.com&#39;s stock has fallen significantly and is now trading at a cheap valuation, making it a potentially good investment.</p></li><li><p>In this article I explain why JD stock is a good value at today&#39;s prices.</p></li></ul><p>This week, all eyes are on Chinese ADRs. Yesterday, <strong>Alibaba Group Holding</strong> (BABA) reported its earnings for the quarter ended December 31, and announced a $25 billion increase in buybacks. Analysts expected that Alibaba would reveal $36.4 billion in revenue and $2.64 in earnings per share (“EPS”) in Q4. The company actually did $36.66 billion in revenue (up 2.1% or 5% in constant currency), and $2.67 in EPS, beating both estimates.</p><p>Alibaba’s calendar Q4 earnings release is a done deal. As for its peers, the results remain to be seen. <strong>PDD Holdings</strong> (PDD) has done very well over the last year, although its stock sold off after a news article reported that Donald Trump was planning on levying a 60% tariff on all Chinese goods. It regained some ground after Alibaba’s earnings came out.</p><p>As for JD.com(NASDAQ:JD), the story hasn’t been as positive there. JD has fallen 79% from its 2020 highs, by far the worst decline of all Chinese tech stocks in the last four years. The story about JD is similar to that of Alibaba; namely, it’s perceived as too risky because of China’s macro situation. JD’s stock has sold off more than Alibaba’s, though, likely because it doesn’t have a buyback program like that company does.</p><p>That doesn’t mean that JD stock isn’t worth investing in. To the contrary, the company has many of the telltale characteristics of a good investment. The stock is dirt cheap, the company is growing, the earnings usually beat estimates. The company’s margins aren’t quite on par with those of Alibaba or PDD, but as <strong>Costco</strong> (COST) and <strong>Amazon</strong> (AMZN) show, sometimes it makes sense for a retailer to run slim margins in the name of capturing market share.</p><p>Because of its lack of a buyback, JD stock has gotten ridiculously cheap. At today’s prices, it trades at just 7.2 times earnings, 0.24 times sales, 1.09 times book value, and 4.28 times operating cash flow. The stock even has a 2.8% dividend yield, about double the S&amp;P 500’s yield. It’s not that JD’s managers are especially generous with dividends (the payout ratio is just 19%), but rather that the stock has been so beaten down that it now has yield even though not much of the profit is actually being paid out.</p><p>The question is, are the risks in China’s economy really so severe as to make JD worth less than its U.S. counterparts? In this article, I will explore that question, ultimately concluding that JD is likely worth more than its current stock price suggests.</p><h2 id=\"id_228662060\">China Macro Risks</h2><p>Before going any further, I should cover the risks that JD is exposed to. Stocks don’t get beaten down as badly as JD has for no reason. The company’s own performance, going by growth and earnings performance, has been excellent, so we must conclude that China’s macro picture is part of what’s been going wrong. Macroeconomic and geopolitical risk have been heavily cited as factors in the latest leg down in Chinese ADRs. On the macro front, China is facing problems with deflation. On the geopolitical front, concerns about a Taiwan invasion continue to linger. These risks are certainly real. When Russia invaded Ukraine, Russian stocks became essentially worthless, as Russia banned the listing of ADRs and Westerners had difficulty accessing the Russian exchanges directly. Although a Taiwan invasion would not necessarily impact the fundamentals of Chinese companies, there’s at least some possibility that China would retaliate the way Russia did if Western countries sanctioned it. Such an outcome is unlikely in the near term as China is currently seeking to bring in foreign investment. But if you consider an investment in China with a 5-10 year holding period in mind, then delisting is a risk you probably should consider.</p><p>The question is “how do you price such risk?” As I wrote in a recent series of X posts, risk is something you assign a discount to; you don’t avoid a security just because it is risky. Investors deal with risk through seeking discount prices, diversifying their holdings, and hedging their bets. The risk of a stock potentially becoming worthless doesn’t mean it’s necessarily a sell: if the potential return is 1,000%, then a hedged position at a modest weighting in such a stock might make sense.</p><p>The question is, what kind of a discount should JD trade at?</p><p>To answer that question, we need to look at the stock’s valuation, and compare it to that of its peers. Below, I have the multiples for JD, its two closest Chinese competitors, and one U.S. comp, Amazon.</p><table style=\"border-collapse:collapse;\"><colgroup><col/><col/><col/><col/><col/><col/><col/></colgroup><tbody><tr><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>JD</p></td><td style=\"text-align:left;\"><p>BABA</p></td><td style=\"text-align:left;\"><p>PDD</p></td><td style=\"text-align:left;\"><p>AMZN</p></td><td style=\"text-align:left;\"><p>Average of comps</p></td><td style=\"text-align:left;\"><p>JD discount</p></td></tr><tr><td style=\"text-align:left;\"><p>Adjusted P/E</p></td><td style=\"text-align:left;\"><p>7.6</p></td><td style=\"text-align:left;\"><p>8.4</p></td><td style=\"text-align:left;\"><p>22.5</p></td><td style=\"text-align:left;\"><p>58.8</p></td><td style=\"text-align:left;\"><p>29.9</p></td><td style=\"text-align:left;\"><p>74.9%</p></td></tr><tr><td style=\"text-align:left;\"><p>GAAP P/E</p></td><td style=\"text-align:left;\"><p>11.2</p></td><td style=\"text-align:left;\"><p>13.4</p></td><td style=\"text-align:left;\"><p>29.7</p></td><td style=\"text-align:left;\"><p>58.8</p></td><td style=\"text-align:left;\"><p>34</p></td><td style=\"text-align:left;\"><p>67%</p></td></tr><tr><td style=\"text-align:left;\"><p>Price/sales</p></td><td style=\"text-align:left;\"><p>0.24</p></td><td style=\"text-align:left;\"><p>1.4</p></td><td style=\"text-align:left;\"><p>5.2</p></td><td style=\"text-align:left;\"><p>3</p></td><td style=\"text-align:left;\"><p>3.2</p></td><td style=\"text-align:left;\"><p>92.5%</p></td></tr><tr><td style=\"text-align:left;\"><p>Price/book</p></td><td style=\"text-align:left;\"><p>1.15</p></td><td style=\"text-align:left;\"><p>1.3</p></td><td style=\"text-align:left;\"><p>7.9</p></td><td style=\"text-align:left;\"><p>8.7</p></td><td style=\"text-align:left;\"><p>5.96</p></td><td style=\"text-align:left;\"><p>80%</p></td></tr><tr><td style=\"text-align:left;\"><p>Price/op cash flow</p></td><td style=\"text-align:left;\"><p>4.5</p></td><td style=\"text-align:left;\"><p>6.8</p></td><td style=\"text-align:left;\"><p>14.9</p></td><td style=\"text-align:left;\"><p>21</p></td><td style=\"text-align:left;\"><p>12.23</p></td><td style=\"text-align:left;\"><p>63%</p></td></tr><tr><td style=\"text-align:left;\"><p>Price/free cash flow</p></td><td style=\"text-align:left;\"><p>7</p></td><td style=\"text-align:left;\"><p>8.29</p></td><td style=\"text-align:left;\"><p>14.9</p></td><td style=\"text-align:left;\"><p>54.6</p></td><td style=\"text-align:left;\"><p>25.9</p></td><td style=\"text-align:left;\"><p>73%</p></td></tr></tbody></table><p>Click to enlarge</p><p>As you can see, JD trades at substantial discounts to comparable companies. Note that Alibaba and PDD face the China macro and geopolitical risks discussed above, and are still far pricier than JD. If we use the NASDAQ-100 as a comp, for an analysis that focuses only on comps without delisting risk, then, we arrive at JD trading at a P/E discount of 78%!</p><p>So, JD’s cheap valuation is not just due to geopolitical risk (it’s cheaper than other Chinese tech names), and the discount compared to U.S. tech is enormous. The risk of China invading Taiwan is non-zero, but is it so great that a 78% discount is required? If you take a $100 per year perpetuity and discount it at the current 10 year treasury yield (4.14%), you get a present value of $2,414. If you discount it at 14.14% (the 10 year yield plus a massive 10% risk premium), you get a present value of $707. That’s a 71% discount in price terms, less than JD’s 78% discount to the QQQ’s earnings multiple. The amount of risk being priced into this stock is absolutely colossal. Of course, Chinese stocks in general are in that boat. The question is how do we explain JD’s discount to Alibaba and PDD. To answer that question we need to look at the company’s earnings performance.</p><h2 id=\"id_2519469500\">Performance</h2><p>In the most recent quarter, JD dot com delivered:</p><ul style=\"\"><li><p>$34 billion in revenue, up 1.7%.</p></li><li><p>$1.5 billion in operating income, up 12%.</p></li><li><p>$0.69 in EPS, up 40%.</p></li><li><p>$5.4 billion in free cash flow, up 52.7%.</p></li></ul><p>These results beat expectations, and the growth rates were higher than what Alibaba did in its December quarter (although the time period of these releases is non-identical).</p><p>Now, let’s look at some performance metrics for the trailing 12 month period. According to Seeking Alpha Quant, JD did the following growth rates in the last 12 months:</p><ul style=\"\"><li><p>4.6% in revenue.</p></li><li><p>105% in operating income.</p></li><li><p>1000% in EPS.</p></li><li><p>86% in free cash flow.</p></li></ul><p>Excellent growth, yet the stock price tanked. A price/performance divergence may be emerging. Finally, let’s look at the profitability metrics:</p><ul style=\"\"><li><p>Gross margin: 8.7%.</p></li><li><p>EBIT margin: 2.5%.</p></li><li><p>Net margin: 2.2%.</p></li><li><p>Return on equity: 10.8%.</p></li></ul><p>Overall, JD is quite profitable. Its margins are not as good as Alibaba’s, but its ROE is actually slightly higher. On the whole, we would characterize JD as cheap, profitable and growing.</p><h2 id=\"id_2245282364\">The Bottom Line</h2><p>Before concluding my analysis of JD, I should include a note on risk:</p><p>JD’s margins are fairly slim, which means it wouldn’t take a very large decline in revenue or increase in costs to erase the company’s profits. This is a real risk to shareholders. However, those same slim margins could be thought of as a competitive advantage. The reason JD has slimmer margins than JD or BABA is because it holds most of its own inventory, and thus faces higher costs. That reduces profits but it also gives JD far more control over quality and delivery times than JD and PDD have, as it handles all shipping and logistics itself. Its competitors rely on third parties. It shouldn’t come as a surprise, then, that JD has a reputation for better quality control than Alibaba and PDD.</p><p>Taking all of the above factors into consideration, I conclude that JD stock is a good value today. Cheap, profitable and growing, its extreme cheapness likely won’t last.</p></body></html>","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>JD.com: Extreme Cheapness Won't Last Long</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\">\nJD.com: Extreme Cheapness Won't Last Long\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-12 09:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4669250-jdcom-extreme-cheapness-wont-last-long><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>JD.com stock fell in the wake of Alibaba's December quarter earnings release.The release renewed fears of a slowing Chinese economy, as Alibaba grew revenue at just 2.1%, or 5% in constant currency....</p>\n\n<a href=\"https://seekingalpha.com/article/4669250-jdcom-extreme-cheapness-wont-last-long\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09618":"京东集团-SW","09988":"阿里巴巴-W","BK4592":"伊斯兰概念","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","BK4507":"流媒体概念","LU0918141887.USD":"安联亚洲实际收益股票基金","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","BK4575":"芯片概念","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","BK4509":"腾讯概念","LU0650527681.SGD":"Fidelity China Consumer A-SGD","JD":"京东","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","PDD":"拼多多","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0501845795.SGD":"瑞银大中华区股票基金P Acc SGD","BK4501":"段永平概念","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4579":"人工智能","LU0079474960.USD":"联博美国增长基金A","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4503":"景林资产持仓","SG9999014674.SGD":"Nikko AM All China Equity A SGD","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","BK4502":"阿里概念","AMZN":"亚马逊","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU0061474960.USD":"天利环球焦点基金AU Acc","LU0072913022.USD":"UBS (LUX) EQUITY FUND -  GREATER CHINA \"P\" (USD) ACC","LU1720050803.USD":"安联全方位中国股票基金","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","BK4505":"高瓴资本持仓","COST":"好市多","BK4581":"高盛持仓","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","BK4504":"桥水持仓","LU0516423091.SGD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (SGD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4669250-jdcom-extreme-cheapness-wont-last-long","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2410044636","content_text":"JD.com stock fell in the wake of Alibaba's December quarter earnings release.The release renewed fears of a slowing Chinese economy, as Alibaba grew revenue at just 2.1%, or 5% in constant currency.JD.com's stock has fallen significantly and is now trading at a cheap valuation, making it a potentially good investment.In this article I explain why JD stock is a good value at today's prices.This week, all eyes are on Chinese ADRs. Yesterday, Alibaba Group Holding (BABA) reported its earnings for the quarter ended December 31, and announced a $25 billion increase in buybacks. Analysts expected that Alibaba would reveal $36.4 billion in revenue and $2.64 in earnings per share (“EPS”) in Q4. The company actually did $36.66 billion in revenue (up 2.1% or 5% in constant currency), and $2.67 in EPS, beating both estimates.Alibaba’s calendar Q4 earnings release is a done deal. As for its peers, the results remain to be seen. PDD Holdings (PDD) has done very well over the last year, although its stock sold off after a news article reported that Donald Trump was planning on levying a 60% tariff on all Chinese goods. It regained some ground after Alibaba’s earnings came out.As for JD.com(NASDAQ:JD), the story hasn’t been as positive there. JD has fallen 79% from its 2020 highs, by far the worst decline of all Chinese tech stocks in the last four years. The story about JD is similar to that of Alibaba; namely, it’s perceived as too risky because of China’s macro situation. JD’s stock has sold off more than Alibaba’s, though, likely because it doesn’t have a buyback program like that company does.That doesn’t mean that JD stock isn’t worth investing in. To the contrary, the company has many of the telltale characteristics of a good investment. The stock is dirt cheap, the company is growing, the earnings usually beat estimates. The company’s margins aren’t quite on par with those of Alibaba or PDD, but as Costco (COST) and Amazon (AMZN) show, sometimes it makes sense for a retailer to run slim margins in the name of capturing market share.Because of its lack of a buyback, JD stock has gotten ridiculously cheap. At today’s prices, it trades at just 7.2 times earnings, 0.24 times sales, 1.09 times book value, and 4.28 times operating cash flow. The stock even has a 2.8% dividend yield, about double the S&P 500’s yield. It’s not that JD’s managers are especially generous with dividends (the payout ratio is just 19%), but rather that the stock has been so beaten down that it now has yield even though not much of the profit is actually being paid out.The question is, are the risks in China’s economy really so severe as to make JD worth less than its U.S. counterparts? In this article, I will explore that question, ultimately concluding that JD is likely worth more than its current stock price suggests.China Macro RisksBefore going any further, I should cover the risks that JD is exposed to. Stocks don’t get beaten down as badly as JD has for no reason. The company’s own performance, going by growth and earnings performance, has been excellent, so we must conclude that China’s macro picture is part of what’s been going wrong. Macroeconomic and geopolitical risk have been heavily cited as factors in the latest leg down in Chinese ADRs. On the macro front, China is facing problems with deflation. On the geopolitical front, concerns about a Taiwan invasion continue to linger. These risks are certainly real. When Russia invaded Ukraine, Russian stocks became essentially worthless, as Russia banned the listing of ADRs and Westerners had difficulty accessing the Russian exchanges directly. Although a Taiwan invasion would not necessarily impact the fundamentals of Chinese companies, there’s at least some possibility that China would retaliate the way Russia did if Western countries sanctioned it. Such an outcome is unlikely in the near term as China is currently seeking to bring in foreign investment. But if you consider an investment in China with a 5-10 year holding period in mind, then delisting is a risk you probably should consider.The question is “how do you price such risk?” As I wrote in a recent series of X posts, risk is something you assign a discount to; you don’t avoid a security just because it is risky. Investors deal with risk through seeking discount prices, diversifying their holdings, and hedging their bets. The risk of a stock potentially becoming worthless doesn’t mean it’s necessarily a sell: if the potential return is 1,000%, then a hedged position at a modest weighting in such a stock might make sense.The question is, what kind of a discount should JD trade at?To answer that question, we need to look at the stock’s valuation, and compare it to that of its peers. Below, I have the multiples for JD, its two closest Chinese competitors, and one U.S. comp, Amazon.JDBABAPDDAMZNAverage of compsJD discountAdjusted P/E7.68.422.558.829.974.9%GAAP P/E11.213.429.758.83467%Price/sales0.241.45.233.292.5%Price/book1.151.37.98.75.9680%Price/op cash flow4.56.814.92112.2363%Price/free cash flow78.2914.954.625.973%Click to enlargeAs you can see, JD trades at substantial discounts to comparable companies. Note that Alibaba and PDD face the China macro and geopolitical risks discussed above, and are still far pricier than JD. If we use the NASDAQ-100 as a comp, for an analysis that focuses only on comps without delisting risk, then, we arrive at JD trading at a P/E discount of 78%!So, JD’s cheap valuation is not just due to geopolitical risk (it’s cheaper than other Chinese tech names), and the discount compared to U.S. tech is enormous. The risk of China invading Taiwan is non-zero, but is it so great that a 78% discount is required? If you take a $100 per year perpetuity and discount it at the current 10 year treasury yield (4.14%), you get a present value of $2,414. If you discount it at 14.14% (the 10 year yield plus a massive 10% risk premium), you get a present value of $707. That’s a 71% discount in price terms, less than JD’s 78% discount to the QQQ’s earnings multiple. The amount of risk being priced into this stock is absolutely colossal. Of course, Chinese stocks in general are in that boat. The question is how do we explain JD’s discount to Alibaba and PDD. To answer that question we need to look at the company’s earnings performance.PerformanceIn the most recent quarter, JD dot com delivered:$34 billion in revenue, up 1.7%.$1.5 billion in operating income, up 12%.$0.69 in EPS, up 40%.$5.4 billion in free cash flow, up 52.7%.These results beat expectations, and the growth rates were higher than what Alibaba did in its December quarter (although the time period of these releases is non-identical).Now, let’s look at some performance metrics for the trailing 12 month period. According to Seeking Alpha Quant, JD did the following growth rates in the last 12 months:4.6% in revenue.105% in operating income.1000% in EPS.86% in free cash flow.Excellent growth, yet the stock price tanked. A price/performance divergence may be emerging. Finally, let’s look at the profitability metrics:Gross margin: 8.7%.EBIT margin: 2.5%.Net margin: 2.2%.Return on equity: 10.8%.Overall, JD is quite profitable. Its margins are not as good as Alibaba’s, but its ROE is actually slightly higher. On the whole, we would characterize JD as cheap, profitable and growing.The Bottom LineBefore concluding my analysis of JD, I should include a note on risk:JD’s margins are fairly slim, which means it wouldn’t take a very large decline in revenue or increase in costs to erase the company’s profits. This is a real risk to shareholders. However, those same slim margins could be thought of as a competitive advantage. The reason JD has slimmer margins than JD or BABA is because it holds most of its own inventory, and thus faces higher costs. That reduces profits but it also gives JD far more control over quality and delivery times than JD and PDD have, as it handles all shipping and logistics itself. Its competitors rely on third parties. It shouldn’t come as a surprise, then, that JD has a reputation for better quality control than Alibaba and PDD.Taking all of the above factors into consideration, I conclude that JD stock is a good value today. Cheap, profitable and growing, its extreme cheapness likely won’t last.","news_type":1},"isVote":1,"tweetType":1,"viewCount":291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":271001977344240,"gmtCreate":1707200563054,"gmtModify":1707200567186,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Profits is the real thing.... AML &amp; CDD more to paper checking process&nbsp;","listText":"Profits is the real thing.... AML &amp; CDD more to paper checking process&nbsp;","text":"Profits is the real thing.... AML & CDD more to paper checking process","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/271001977344240","repostId":"1195736451","repostType":4,"repost":{"id":"1195736451","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":1707198100,"share":"https://ttm.financial/m/news/1195736451?lang=&edition=fundamental","pubTime":"2024-02-06 13:41","market":"sg","language":"en","title":"Singapore's Banks Profits Set to Peak As Rates Boost Fades","url":"https://stock-news.laohu8.com/highlight/detail?id=1195736451","media":"Reuters","summary":"(Reuters) - Singaporean banks are set to post higher profits for the fourth quarter because of higher interest rates, though growth momentum is poised to slow as big central banks pivot toward rate cu","content":"<html><head></head><body><p>(Reuters) - Singaporean banks are set to post higher profits for the fourth quarter because of higher interest rates, though growth momentum is poised to slow as big central banks pivot toward rate cuts and volatile markets weigh on their mainstay wealth business.</p><p>The banks are also expected to see sharper scrutiny of their wealth management business, as a result of a $2.2-billion money laundering scandal that hit the Southeast Asian city-state last year, affecting the flow of assets, analysts say.</p><p><a href=\"https://laohu8.com/S/D05.SI\">DBS Group</a>, Singapore&#39;s No. 1 lender by assets, will kick off the earnings season on Wednesday, followed by <a href=\"https://laohu8.com/S/U11.SI\">Oversea-Chinese Banking Corp</a> (OCBC) and <a href=\"https://laohu8.com/S/O39.SI\">United Overseas Bank</a> (UOB) this month.</p><p>&#34;We think earnings momentum for the Singapore banks has peaked,&#34; Thilan Wickramasinghe, Maybank Investment Banking Group&#39;s head of research for Singapore and regional head of financials.</p><p>&#34;The tailwinds enjoyed by rising interest rates in 2023 are unlikely to sustain this year,&#34; he added.</p><p>Federal Reserve Chair Jerome Powell said on Wednesday that <u>interest rates</u> had peaked and would move lower in coming months. In Southeast Asia, <u>Indonesia&#39;s central bank</u> said this week it had room to lower interest rates this year to lift growth.</p><p>DBS is expected to post a 2.9% rise in earnings per share (EPS) in the fourth quarter versus a year earlier, and the EPS is forecast to drop 2.09% in the March quarter from a year earlier, LSEG estimates showed.</p><p>OCBC and UOB are expected to show the same trend, the data showed.</p><p>Besides higher global interest rates, Singapore banks have also benefited from strong inflows of wealth over the last few years.</p><p>The city-state&#39;s biggest <u>money laundering case</u>, however, has resulted in banks taking longer than usual to perform due diligence on clients and closing accounts in some cases, which, some analysts say, will weigh on their wealth business.</p><p>&#34;The banks would have more stringent AML and CDD procedures to follow, which could increase expenses as more employees and time is required,&#34; said Glenn Thum, senior research analyst at Phillip Securities Research.</p><p>AML and CDD refer to anti-money laundering and customer due diligence.</p><p>&#34;The banks would also need to be more careful in accepting customers and loans, which could hamper their desired growth,&#34; Thum added.</p><p>Faced with the challenges, the Singaporean banks are likely to bet on a surge in fee income and a recovery in loan growth as interest rates start to dip to cushion the impact on earnings, Thum said.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d33817e7e1640b230a553e663818443\" alt=\"Reuters Graphics\" title=\"Reuters Graphics\" tg-width=\"1420\" tg-height=\"1000\"/><span>Reuters Graphics</span></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>Singapore's Banks Profits Set to Peak As Rates Boost Fades</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\">\nSingapore's Banks Profits Set to Peak As Rates Boost Fades\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\">2024-02-06 13:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - Singaporean banks are set to post higher profits for the fourth quarter because of higher interest rates, though growth momentum is poised to slow as big central banks pivot toward rate cuts and volatile markets weigh on their mainstay wealth business.</p><p>The banks are also expected to see sharper scrutiny of their wealth management business, as a result of a $2.2-billion money laundering scandal that hit the Southeast Asian city-state last year, affecting the flow of assets, analysts say.</p><p><a href=\"https://laohu8.com/S/D05.SI\">DBS Group</a>, Singapore&#39;s No. 1 lender by assets, will kick off the earnings season on Wednesday, followed by <a href=\"https://laohu8.com/S/U11.SI\">Oversea-Chinese Banking Corp</a> (OCBC) and <a href=\"https://laohu8.com/S/O39.SI\">United Overseas Bank</a> (UOB) this month.</p><p>&#34;We think earnings momentum for the Singapore banks has peaked,&#34; Thilan Wickramasinghe, Maybank Investment Banking Group&#39;s head of research for Singapore and regional head of financials.</p><p>&#34;The tailwinds enjoyed by rising interest rates in 2023 are unlikely to sustain this year,&#34; he added.</p><p>Federal Reserve Chair Jerome Powell said on Wednesday that <u>interest rates</u> had peaked and would move lower in coming months. In Southeast Asia, <u>Indonesia&#39;s central bank</u> said this week it had room to lower interest rates this year to lift growth.</p><p>DBS is expected to post a 2.9% rise in earnings per share (EPS) in the fourth quarter versus a year earlier, and the EPS is forecast to drop 2.09% in the March quarter from a year earlier, LSEG estimates showed.</p><p>OCBC and UOB are expected to show the same trend, the data showed.</p><p>Besides higher global interest rates, Singapore banks have also benefited from strong inflows of wealth over the last few years.</p><p>The city-state&#39;s biggest <u>money laundering case</u>, however, has resulted in banks taking longer than usual to perform due diligence on clients and closing accounts in some cases, which, some analysts say, will weigh on their wealth business.</p><p>&#34;The banks would have more stringent AML and CDD procedures to follow, which could increase expenses as more employees and time is required,&#34; said Glenn Thum, senior research analyst at Phillip Securities Research.</p><p>AML and CDD refer to anti-money laundering and customer due diligence.</p><p>&#34;The banks would also need to be more careful in accepting customers and loans, which could hamper their desired growth,&#34; Thum added.</p><p>Faced with the challenges, the Singaporean banks are likely to bet on a surge in fee income and a recovery in loan growth as interest rates start to dip to cushion the impact on earnings, Thum said.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d33817e7e1640b230a553e663818443\" alt=\"Reuters Graphics\" title=\"Reuters Graphics\" tg-width=\"1420\" tg-height=\"1000\"/><span>Reuters Graphics</span></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"O39.SI":"华侨银行","U11.SI":"大华银行","D05.SI":"星展集团控股"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195736451","content_text":"(Reuters) - Singaporean banks are set to post higher profits for the fourth quarter because of higher interest rates, though growth momentum is poised to slow as big central banks pivot toward rate cuts and volatile markets weigh on their mainstay wealth business.The banks are also expected to see sharper scrutiny of their wealth management business, as a result of a $2.2-billion money laundering scandal that hit the Southeast Asian city-state last year, affecting the flow of assets, analysts say.DBS Group, Singapore's No. 1 lender by assets, will kick off the earnings season on Wednesday, followed by Oversea-Chinese Banking Corp (OCBC) and United Overseas Bank (UOB) this month.\"We think earnings momentum for the Singapore banks has peaked,\" Thilan Wickramasinghe, Maybank Investment Banking Group's head of research for Singapore and regional head of financials.\"The tailwinds enjoyed by rising interest rates in 2023 are unlikely to sustain this year,\" he added.Federal Reserve Chair Jerome Powell said on Wednesday that interest rates had peaked and would move lower in coming months. In Southeast Asia, Indonesia's central bank said this week it had room to lower interest rates this year to lift growth.DBS is expected to post a 2.9% rise in earnings per share (EPS) in the fourth quarter versus a year earlier, and the EPS is forecast to drop 2.09% in the March quarter from a year earlier, LSEG estimates showed.OCBC and UOB are expected to show the same trend, the data showed.Besides higher global interest rates, Singapore banks have also benefited from strong inflows of wealth over the last few years.The city-state's biggest money laundering case, however, has resulted in banks taking longer than usual to perform due diligence on clients and closing accounts in some cases, which, some analysts say, will weigh on their wealth business.\"The banks would have more stringent AML and CDD procedures to follow, which could increase expenses as more employees and time is required,\" said Glenn Thum, senior research analyst at Phillip Securities Research.AML and CDD refer to anti-money laundering and customer due diligence.\"The banks would also need to be more careful in accepting customers and loans, which could hamper their desired growth,\" Thum added.Faced with the challenges, the Singaporean banks are likely to bet on a surge in fee income and a recovery in loan growth as interest rates start to dip to cushion the impact on earnings, Thum said.Reuters Graphics","news_type":1},"isVote":1,"tweetType":1,"viewCount":412,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4170461950892432","authorId":"4170461950892432","name":"Lisa876","avatar":"https://community-static.tradeup.com/news/df8814b7f833461c23f0a58acf3d9f2f","crmLevel":1,"crmLevelSwitch":0,"idStr":"4170461950892432","authorIdStr":"4170461950892432"},"content":"Yeah a lot of people don't realize that","text":"Yeah a lot of people don't realize that","html":"Yeah a lot of people don't realize that"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":270683237154880,"gmtCreate":1707122705830,"gmtModify":1707122710506,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Fighting spirit on 💪💪","listText":"Fighting spirit on 💪💪","text":"Fighting spirit on 💪💪","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/270683237154880","repostId":"2409129708","repostType":4,"repost":{"id":"2409129708","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1707120000,"share":"https://ttm.financial/m/news/2409129708?lang=&edition=fundamental","pubTime":"2024-02-05 16:00","market":"us","language":"en","title":"Palantir Earnings Are Coming. What to Expect","url":"https://stock-news.laohu8.com/highlight/detail?id=2409129708","media":"Dow Jones","summary":"The December quarter earnings season has been strong for companies leveraging generative artificial intelligence software. Microsoft, IBM, ServiceNow, Amazon, and Meta all posted impressive results, t","content":"<html><head></head><body><p style=\"text-align: start;\">The December quarter earnings season has been strong for companies leveraging generative artificial intelligence software. Microsoft, IBM, ServiceNow, Amazon, and Meta all posted impressive results, thanks at least in part to AI.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b501bc561bb46feb0b73b7e2f3e31546\" alt=\"Palantir shares have rallied 84% over the last 12 months.\" title=\"Palantir shares have rallied 84% over the last 12 months.\" tg-width=\"953\" tg-height=\"592\"/><span>Palantir shares have rallied 84% over the last 12 months.</span></p><p style=\"text-align: start;\">Palantir, which has made a big AI bet of its own, will attempt to be added to that list when it reports fourth-quarter financial results after the close of trading on Monday.</p><p>For the quarter, Palantir’s guidance calls for revenue of between $599 million and $603 million, with adjusted income from operations of between $184 million and $188 million. Street consensus estimates as tracked by FactSet call for revenue of $603 million, $187 million in operating revenue, and adjusted profit of 8 cents a share.</p><p>A provider of data analytics software, Palantir is probably best known for its work for U.S. and foreign governments, but it is seeing higher growth from commercial customers. Street estimates anticipate fourth quarter government revenue of $333 million, up 13.6%, with commercial revenue of $271 million, up 26.1%.</p><p>Palantir’s strong third quarter results were powered by better-than-expected 23% growth, to $251 million, in commercial revenue, including 33% growth in U.S. commercial revenue, to $116 million.</p><p>CEO Alex Karp told <em>Barron’s</em> in November the U.S. commercial business—propelled by strong demand for the AI-powered version of its software—should hit a $1 billion run rate by the 2025 first quarter, more than doubling from the third quarter of 2023.</p><p>For some investors, buying Palantir shares carries political overtones. Originally funded in part by In-Q-Tel, the CIA’s venture capital arm, the company has remained a vocal supporter of the U.S. military. In 2020, Palantir moved its headquarters to Denver from Palo Alto, due partly to the conviction its business focus didn’t fit in Silicon Valley.</p><p>Karp also has been outspoken in his support of the Israeli military—a Palantir customer—in its current war with Hamas in Gaza.</p><p>Palantir has a huge following among retail investors—and welcomes that interest. It is one of the few companies that takes questions on its earnings call from individuals who submit them online, and not just from Wall Street equity analysts.</p><p>That complex dynamic has helped boost Palantir’s valuation. The stock trades at 57 times the Street’s consensus forecast for 2024 profit of 29 cents a share, and about 14 times the Street’s forecast for 2024 revenue of $2.6 billion. That implies about 19% growth from an expected $2.2 billion in revenue for 2023.</p><p>Citi analyst Tyler Radke, who has a Sell rating on Palantir shares, writes in a note previewing the quarter he is incrementally cautious ahead of the report, anticipating that underwhelming federal deal activity in the quarter will offset strength in U.S. commercial. Radke sees downside risk given the high valuation for just teens top-line growth.</p><p>Palantir shares have rallied 84% over the last 12 months, but the stock is off 4% so far this year.</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>Palantir Earnings Are Coming. What to Expect</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\">\nPalantir Earnings Are Coming. What to Expect\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-02-05 16:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">The December quarter earnings season has been strong for companies leveraging generative artificial intelligence software. Microsoft, IBM, ServiceNow, Amazon, and Meta all posted impressive results, thanks at least in part to AI.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b501bc561bb46feb0b73b7e2f3e31546\" alt=\"Palantir shares have rallied 84% over the last 12 months.\" title=\"Palantir shares have rallied 84% over the last 12 months.\" tg-width=\"953\" tg-height=\"592\"/><span>Palantir shares have rallied 84% over the last 12 months.</span></p><p style=\"text-align: start;\">Palantir, which has made a big AI bet of its own, will attempt to be added to that list when it reports fourth-quarter financial results after the close of trading on Monday.</p><p>For the quarter, Palantir’s guidance calls for revenue of between $599 million and $603 million, with adjusted income from operations of between $184 million and $188 million. Street consensus estimates as tracked by FactSet call for revenue of $603 million, $187 million in operating revenue, and adjusted profit of 8 cents a share.</p><p>A provider of data analytics software, Palantir is probably best known for its work for U.S. and foreign governments, but it is seeing higher growth from commercial customers. Street estimates anticipate fourth quarter government revenue of $333 million, up 13.6%, with commercial revenue of $271 million, up 26.1%.</p><p>Palantir’s strong third quarter results were powered by better-than-expected 23% growth, to $251 million, in commercial revenue, including 33% growth in U.S. commercial revenue, to $116 million.</p><p>CEO Alex Karp told <em>Barron’s</em> in November the U.S. commercial business—propelled by strong demand for the AI-powered version of its software—should hit a $1 billion run rate by the 2025 first quarter, more than doubling from the third quarter of 2023.</p><p>For some investors, buying Palantir shares carries political overtones. Originally funded in part by In-Q-Tel, the CIA’s venture capital arm, the company has remained a vocal supporter of the U.S. military. In 2020, Palantir moved its headquarters to Denver from Palo Alto, due partly to the conviction its business focus didn’t fit in Silicon Valley.</p><p>Karp also has been outspoken in his support of the Israeli military—a Palantir customer—in its current war with Hamas in Gaza.</p><p>Palantir has a huge following among retail investors—and welcomes that interest. It is one of the few companies that takes questions on its earnings call from individuals who submit them online, and not just from Wall Street equity analysts.</p><p>That complex dynamic has helped boost Palantir’s valuation. The stock trades at 57 times the Street’s consensus forecast for 2024 profit of 29 cents a share, and about 14 times the Street’s forecast for 2024 revenue of $2.6 billion. That implies about 19% growth from an expected $2.2 billion in revenue for 2023.</p><p>Citi analyst Tyler Radke, who has a Sell rating on Palantir shares, writes in a note previewing the quarter he is incrementally cautious ahead of the report, anticipating that underwhelming federal deal activity in the quarter will offset strength in U.S. commercial. Radke sees downside risk given the high valuation for just teens top-line growth.</p><p>Palantir shares have rallied 84% over the last 12 months, but the stock is off 4% so far this year.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://www.marketwatch.com/articles/palantir-earnings-stock-price-7a847b7a?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2409129708","content_text":"The December quarter earnings season has been strong for companies leveraging generative artificial intelligence software. Microsoft, IBM, ServiceNow, Amazon, and Meta all posted impressive results, thanks at least in part to AI.Palantir shares have rallied 84% over the last 12 months.Palantir, which has made a big AI bet of its own, will attempt to be added to that list when it reports fourth-quarter financial results after the close of trading on Monday.For the quarter, Palantir’s guidance calls for revenue of between $599 million and $603 million, with adjusted income from operations of between $184 million and $188 million. Street consensus estimates as tracked by FactSet call for revenue of $603 million, $187 million in operating revenue, and adjusted profit of 8 cents a share.A provider of data analytics software, Palantir is probably best known for its work for U.S. and foreign governments, but it is seeing higher growth from commercial customers. Street estimates anticipate fourth quarter government revenue of $333 million, up 13.6%, with commercial revenue of $271 million, up 26.1%.Palantir’s strong third quarter results were powered by better-than-expected 23% growth, to $251 million, in commercial revenue, including 33% growth in U.S. commercial revenue, to $116 million.CEO Alex Karp told Barron’s in November the U.S. commercial business—propelled by strong demand for the AI-powered version of its software—should hit a $1 billion run rate by the 2025 first quarter, more than doubling from the third quarter of 2023.For some investors, buying Palantir shares carries political overtones. Originally funded in part by In-Q-Tel, the CIA’s venture capital arm, the company has remained a vocal supporter of the U.S. military. In 2020, Palantir moved its headquarters to Denver from Palo Alto, due partly to the conviction its business focus didn’t fit in Silicon Valley.Karp also has been outspoken in his support of the Israeli military—a Palantir customer—in its current war with Hamas in Gaza.Palantir has a huge following among retail investors—and welcomes that interest. It is one of the few companies that takes questions on its earnings call from individuals who submit them online, and not just from Wall Street equity analysts.That complex dynamic has helped boost Palantir’s valuation. The stock trades at 57 times the Street’s consensus forecast for 2024 profit of 29 cents a share, and about 14 times the Street’s forecast for 2024 revenue of $2.6 billion. That implies about 19% growth from an expected $2.2 billion in revenue for 2023.Citi analyst Tyler Radke, who has a Sell rating on Palantir shares, writes in a note previewing the quarter he is incrementally cautious ahead of the report, anticipating that underwhelming federal deal activity in the quarter will offset strength in U.S. commercial. Radke sees downside risk given the high valuation for just teens top-line growth.Palantir shares have rallied 84% over the last 12 months, but the stock is off 4% so far this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":270599397884040,"gmtCreate":1707102246000,"gmtModify":1707102250643,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Fighting spirit goes on&nbsp;","listText":"Fighting spirit goes on&nbsp;","text":"Fighting spirit goes on","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/270599397884040","repostId":"2408325919","repostType":2,"repost":{"id":"2408325919","pubTimestamp":1707099417,"share":"https://ttm.financial/m/news/2408325919?lang=&edition=fundamental","pubTime":"2024-02-05 10:16","market":"us","language":"en","title":"Palantir Q4 Earnings Preview: Big Expectations From Commercial Division","url":"https://stock-news.laohu8.com/highlight/detail?id=2408325919","media":"Seeking Alpha","summary":"Palantir Technologies (NYSE:PLTR) is scheduled to report fourth-quarter earnings on Monday, February 5th, after market close. Analysts expect a year-over-year increase in both the top and bottom lines","content":"<html><head></head><body><p>Palantir Technologies (NYSE:PLTR) is scheduled to report fourth-quarter earnings on Monday, February 5th, after market close.</p><p>Analysts expect a year-over-year increase in both the top and bottom lines, with earnings per share of $0.08 on revenues of $602.8 million.</p><p>Investors expect the data analytics provider to report robust numbers from its commercial division, with commercial revenue growth driving upside to overall revenue. Palantir&#39;s (PLTR) commercial division represents about one-fifth of its sales.</p><p>However, Palantir&#39;s (PLTR) overall growth is expected to lag rivals <a href=\"https://laohu8.com/S/SNOW\">Snowflake</a> (SNOW) and Databricks, due to &#34;widening cracks in the firm’s U.S. government, international government, and international commercial businesses&#34;, according to investment firm William Blair.</p><p>Analysts see the company&#39;s government and international commercial segments weighing on its fourth-quarter results.</p><p>Palantir (PLTR) is also expected to guide to a full-year expected outlook to a wider achievable range and narrow the range down throughout the year.</p><p>&#34;The 4Q setup is mixed, with a high hurdle on commercial growth that implies the largest q/q increase in &gt;8 Qs and more tempered expectations on govt growth,&#34; said analysts at Jefferies.</p><p>Brokerage Jefferies noted, &#34;PLTR has faced some execution issues over the past several quarters with growth stalling in both its government and commercial businesses.&#34;</p><p>Over the last three months, the company has seen significant revisions to its estimates. Its earnings per share estimates have been revised upwards nine times, while revenue estimates have seen nine upward revisions vs. two downward moves.</p><p>Seeking Alpha analysts at large consider a Hold. This compares with average Wall Street rating and SA Quant rating of Hold.</p></body></html>","source":"seekingalpha_hot_news","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>Palantir Q4 Earnings Preview: Big Expectations From Commercial Division</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\">\nPalantir Q4 Earnings Preview: Big Expectations From Commercial Division\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-05 10:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4062265-palantir-q4-earnings-preview-big-expectations-from-commercial-division><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Palantir Technologies (NYSE:PLTR) is scheduled to report fourth-quarter earnings on Monday, February 5th, after market close.Analysts expect a year-over-year increase in both the top and bottom lines,...</p>\n\n<a href=\"https://seekingalpha.com/news/4062265-palantir-q4-earnings-preview-big-expectations-from-commercial-division\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/news/4062265-palantir-q4-earnings-preview-big-expectations-from-commercial-division","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2408325919","content_text":"Palantir Technologies (NYSE:PLTR) is scheduled to report fourth-quarter earnings on Monday, February 5th, after market close.Analysts expect a year-over-year increase in both the top and bottom lines, with earnings per share of $0.08 on revenues of $602.8 million.Investors expect the data analytics provider to report robust numbers from its commercial division, with commercial revenue growth driving upside to overall revenue. Palantir's (PLTR) commercial division represents about one-fifth of its sales.However, Palantir's (PLTR) overall growth is expected to lag rivals Snowflake (SNOW) and Databricks, due to \"widening cracks in the firm’s U.S. government, international government, and international commercial businesses\", according to investment firm William Blair.Analysts see the company's government and international commercial segments weighing on its fourth-quarter results.Palantir (PLTR) is also expected to guide to a full-year expected outlook to a wider achievable range and narrow the range down throughout the year.\"The 4Q setup is mixed, with a high hurdle on commercial growth that implies the largest q/q increase in >8 Qs and more tempered expectations on govt growth,\" said analysts at Jefferies.Brokerage Jefferies noted, \"PLTR has faced some execution issues over the past several quarters with growth stalling in both its government and commercial businesses.\"Over the last three months, the company has seen significant revisions to its estimates. Its earnings per share estimates have been revised upwards nine times, while revenue estimates have seen nine upward revisions vs. two downward moves.Seeking Alpha analysts at large consider a Hold. This compares with average Wall Street rating and SA Quant rating of Hold.","news_type":1},"isVote":1,"tweetType":1,"viewCount":318,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":268622966468744,"gmtCreate":1706604252805,"gmtModify":1706604257450,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Holding power, a significant Role🙏🙏","listText":"Holding power, a significant Role🙏🙏","text":"Holding power, a significant Role🙏🙏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/268622966468744","repostId":"2407825976","repostType":4,"isVote":1,"tweetType":1,"viewCount":263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":239539906584608,"gmtCreate":1699518285362,"gmtModify":1699518292806,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Although $300/- tag challenging...... but with innovation ideas, should be able or close to the price tag🙏🙏","listText":"Although $300/- tag challenging...... but with innovation ideas, should be able or close to the price tag🙏🙏","text":"Although $300/- tag challenging...... but with innovation ideas, should be able or close to the price tag🙏🙏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/239539906584608","repostId":"1177689888","repostType":4,"repost":{"id":"1177689888","pubTimestamp":1699517400,"share":"https://ttm.financial/m/news/1177689888?lang=&edition=fundamental","pubTime":"2023-11-09 16:10","market":"us","language":"en","title":"Can the Tesla Share Price Hit $300 Again?","url":"https://stock-news.laohu8.com/highlight/detail?id=1177689888","media":"Motley Fool","summary":"The Tesla share price has had quite a year, more than doubling in 2023 so far. But can it return to the all-time high?Gordon Best takes a look.Image source: TeslaThere have been plenty of darlings of the stock market in recent years, but many would put Tesla  at the top of the list. The company has innovated and revolutionised the world of electric vehicles, AI, and energy technology, sending the Tesla share price up over 17,000% since its IPO in 2010. But is there still more growth ahead, or is","content":"<html><head></head><body><p>The Tesla share price has had quite a year, more than doubling in 2023 so far. But can it return to the all-time high? Gordon Best takes a look.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3ed027f319f7a5d21dfb453f2e4b8f9c\" alt=\"Image source: Tesla\" title=\"Image source: Tesla\" tg-width=\"1200\" tg-height=\"675\"/><span>Image source: Tesla</span></p><p style=\"text-align: start;\">There have been plenty of darlings of the stock market in recent years, but many would put <strong>Tesla </strong>(NASDAQ:TSLA) at the top of the list. The company has innovated and revolutionised the world of electric vehicles, AI, and energy technology, sending the Tesla share price up over 17,000% since its IPO in 2010. But is there still more growth ahead, or is the excitement coming to an end?</p><h2 id=\"h-never-a-dull-moment\" style=\"text-align: start;\">Never a dull moment</h2><p style=\"text-align: start;\">Anyone who has owned Tesla shares knows this can be a volatile stock. Multiple factors, including CEO Elon Musk’s unpredictability, can influence the share price, so the performance of the company is only one variable to consider as an investor.</p><p style=\"text-align: start;\">However, with the company being a market leader, it has tremendous potential in EVs, alongside exploiting growing demand for battery technology and renewable energy solutions.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/725bb16c827242c5a7d0a5c6b2b2ff1a\" tg-width=\"1193\" tg-height=\"626\"/></p><h2 id=\"h-is-it-fairly-valued\" style=\"text-align: start;\">Is it fairly valued?</h2><p style=\"text-align: start;\">For many investors, the key issue surrounding Tesla shares is the valuation. Hype is one factor that has sent the Tesla share price far higher than fair value. The price-to-earnings (P/E) ratio of 64.4 times is far above the sector average of 49.5 times, and a discounted cash flow calculation puts fair value at $190.12, suggesting the current price is 15% too high.</p><p style=\"text-align: start;\">However, we’ve seen far higher values for these metrics in the past, and with many exciting products on the horizon, and forecast annual earnings growth of 22%, it wouldn’t be a shock for the Tesla share price to continue upwards regardless.</p><h2 id=\"h-what-could-send-it-above-300\" style=\"text-align: start;\">What could send it above $300?</h2><p style=\"text-align: start;\">So what could push the price to $300? I’ve got four catalysts in mind:</p><p style=\"text-align: start;\">First, in the coming weeks, Tesla is expected to begin deliveries of its long-awaited Cybertruck. Described as an entirely new type of vehicle, with a unique design, this could spark a huge amount of excitement.</p><p style=\"text-align: start;\">AI could be key too. Tesla has also captured a tremendous quantity of data from its self-driving rollout in the US. At the latest earnings report, the company said over 150m miles had been driven using the technology. This has greatly refined the sophistication of it’s ‘Dojo’ supercomputer.</p><p style=\"text-align: start;\">With this system having potential to inform various products, such as autonomous taxis and robotics systems in the future, the company could become a major player in software.</p><p style=\"text-align: start;\">Economic improvement is a factor as well. Some analysts think central banks are reaching the end of interest rate hiking cycles. Questions remain about a recession, but investors may soon see the light at the end of the tunnel.</p><p style=\"text-align: start;\">Finally, new products could have an impact. A key driver to a sustainable future has long been identified as an EV priced below the average cost. If this could be progressed at Tesla, investors will likely get excited by the enormous market potential.</p><h2 id=\"h-what-are-the-risks\" style=\"text-align: start;\">What are the risks?</h2><p style=\"text-align: start;\">As noted, the story is rarely simple with the Tesla share price. Fears of a recession, Elon Musk’s other business ventures, and the ever-present valuation question could easily weigh on the share price.</p><h2 id=\"h-what-s-next\" style=\"text-align: start;\">What’s next?</h2><p style=\"text-align: start;\">I always look to the numbers when it comes to a complex company like Tesla. With vehicle production growing steadily, and constant innovation, I see a bright future for it. I suspect we’ll see the Tesla share price above $300 again in 2024, but with no shortage of drama along the way.</p></body></html>","source":"fool_stock","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>Can the Tesla Share Price Hit $300 Again?</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\">\nCan the Tesla Share Price Hit $300 Again?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-09 16:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.co.uk/2023/11/08/can-the-tesla-share-price-hit-300-again/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Tesla share price has had quite a year, more than doubling in 2023 so far. But can it return to the all-time high? Gordon Best takes a look.Image source: TeslaThere have been plenty of darlings of...</p>\n\n<a href=\"https://www.fool.co.uk/2023/11/08/can-the-tesla-share-price-hit-300-again/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.fool.co.uk/2023/11/08/can-the-tesla-share-price-hit-300-again/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177689888","content_text":"The Tesla share price has had quite a year, more than doubling in 2023 so far. But can it return to the all-time high? Gordon Best takes a look.Image source: TeslaThere have been plenty of darlings of the stock market in recent years, but many would put Tesla (NASDAQ:TSLA) at the top of the list. The company has innovated and revolutionised the world of electric vehicles, AI, and energy technology, sending the Tesla share price up over 17,000% since its IPO in 2010. But is there still more growth ahead, or is the excitement coming to an end?Never a dull momentAnyone who has owned Tesla shares knows this can be a volatile stock. Multiple factors, including CEO Elon Musk’s unpredictability, can influence the share price, so the performance of the company is only one variable to consider as an investor.However, with the company being a market leader, it has tremendous potential in EVs, alongside exploiting growing demand for battery technology and renewable energy solutions.Is it fairly valued?For many investors, the key issue surrounding Tesla shares is the valuation. Hype is one factor that has sent the Tesla share price far higher than fair value. The price-to-earnings (P/E) ratio of 64.4 times is far above the sector average of 49.5 times, and a discounted cash flow calculation puts fair value at $190.12, suggesting the current price is 15% too high.However, we’ve seen far higher values for these metrics in the past, and with many exciting products on the horizon, and forecast annual earnings growth of 22%, it wouldn’t be a shock for the Tesla share price to continue upwards regardless.What could send it above $300?So what could push the price to $300? I’ve got four catalysts in mind:First, in the coming weeks, Tesla is expected to begin deliveries of its long-awaited Cybertruck. Described as an entirely new type of vehicle, with a unique design, this could spark a huge amount of excitement.AI could be key too. Tesla has also captured a tremendous quantity of data from its self-driving rollout in the US. At the latest earnings report, the company said over 150m miles had been driven using the technology. This has greatly refined the sophistication of it’s ‘Dojo’ supercomputer.With this system having potential to inform various products, such as autonomous taxis and robotics systems in the future, the company could become a major player in software.Economic improvement is a factor as well. Some analysts think central banks are reaching the end of interest rate hiking cycles. Questions remain about a recession, but investors may soon see the light at the end of the tunnel.Finally, new products could have an impact. A key driver to a sustainable future has long been identified as an EV priced below the average cost. If this could be progressed at Tesla, investors will likely get excited by the enormous market potential.What are the risks?As noted, the story is rarely simple with the Tesla share price. Fears of a recession, Elon Musk’s other business ventures, and the ever-present valuation question could easily weigh on the share price.What’s next?I always look to the numbers when it comes to a complex company like Tesla. With vehicle production growing steadily, and constant innovation, I see a bright future for it. I suspect we’ll see the Tesla share price above $300 again in 2024, but with no shortage of drama along the way.","news_type":1},"isVote":1,"tweetType":1,"viewCount":456,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":238896493629560,"gmtCreate":1699361846149,"gmtModify":1699361850196,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"My 2 cents......should be able to shine for next 18 mths average. Thank you.&nbsp;","listText":"My 2 cents......should be able to shine for next 18 mths average. Thank you.&nbsp;","text":"My 2 cents......should be able to shine for next 18 mths average. Thank you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/238896493629560","repostId":"2381704711","repostType":4,"repost":{"id":"2381704711","pubTimestamp":1699344600,"share":"https://ttm.financial/m/news/2381704711?lang=&edition=fundamental","pubTime":"2023-11-07 16:10","market":"us","language":"en","title":"Tesla Is No Longer A Growth Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=2381704711","media":"Seeking Alpha","summary":"Tesla, Inc. Q3 2023 earnings disappointed investors and analysts, with sales and EPS below estimates.Operating profit margin, gross profit, and adjusted EBITDA margins have been falling for several qu","content":"<html><head></head><body><ul style=\"\"><li><p>Tesla, Inc. Q3 2023 earnings disappointed investors and analysts, with sales and EPS below estimates.</p></li><li><p>Operating profit margin, gross profit, and adjusted EBITDA margins have been falling for several quarters.</p></li><li><p>Demand for EVs is not growing despite discounts, and the Cybertruck announcement may take even longer to generate positive cash flows.</p></li><li><p>The company has ample liquidity reserves.</p></li><li><p>Tesla is ridiculously overvalued, given the fact the company is no longer a growth star.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5debcce6ce814984636d90633d044799\" alt=\"SimonSkafar\" title=\"SimonSkafar\" tg-width=\"750\" tg-height=\"500\"/><span>SimonSkafar</span></p><p><strong>Tesla, Inc.</strong> (NASDAQ:TSLA) has recently reported its Q3 2023 earnings results. These disappointed many investors and market analysts because both the electric vehicle (&#34;EV&#34;) maker&#39;s sales and EPS were below estimates. The net profit was also substantially lower compared to the same period a year ago. TSLA stock has corrected somewhat since the report&#39;s publication, but is still trading quite high, in my opinion. The Cybertruck announcement does not paint a very good picture, either. I was right in my previous rather pessimistic view of Tesla&#39;s stock, it seems. Even my earlier thesis on Tesla&#39;s wonderful prospects for its energy and storage business seems to be quite exaggerated now. But let me explain all this in some more detail.</p><h2 id=\"id_1506587543\">Tesla&#39;s earnings</h2><p>A lot has already been written about Tesla&#39;s earnings release. So, I will just touch on the key points.</p><p>In short, the adjusted earnings per share totaled <strong>66 cents</strong> vs <strong>73 cents per share</strong> expected, whilst the revenues totaled <strong>$23.35 billion</strong> vs <strong>$24.1 billion </strong>expected.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/11d057be548102245ee763b48814962b\" alt=\"Tesla\" title=\"Tesla\" tg-width=\"640\" tg-height=\"324\"/><span>Tesla</span></p><p>All that does not look inspiring. But let us have a look at Tesla in charts and we can really see that Tesla&#39;s efficiency is not rising, indeed.</p><p>This is especially true of its operating profit margin. But other indicators, including the gross profit and the adjusted EBITDA margins, have been falling for a few quarters as well.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/33a2cb20384c97a8e18bba637cf43d95\" alt=\"Seeking Alpha\" title=\"Seeking Alpha\" tg-width=\"640\" tg-height=\"407\"/><span>Seeking Alpha</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5e56acc14bf8e617782139fcd494c872\" alt=\"Seeking Alpha\" title=\"Seeking Alpha\" tg-width=\"640\" tg-height=\"402\"/><span>Seeking Alpha</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b67486072d6e4fa0adb05bc7825e7220\" alt=\"Seeking Alpha\" title=\"Seeking Alpha\" tg-width=\"640\" tg-height=\"411\"/><span>Seeking Alpha</span></p><p>You might be saying that the automotive revenues have been quite stable for several quarters. But both the total deliveries and the total EV production have decreased in the last quarter QOQ. At the same time, the last reported period was the first one since Q2 2022 when the total production and deliveries saw a substantial decline.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/152e650e73727cf4d8d48e7e52c01ded\" alt=\"Seeking Alpha\" title=\"Seeking Alpha\" tg-width=\"640\" tg-height=\"410\"/><span>Seeking Alpha</span></p><h2 id=\"id_1961088041\">Other news</h2><p>The most problematic part of the story is that the demand for EVs is not growing in spite of all the numerous discounts. But CEO Elon Musk aims to deliver the 1.8 million EVs in 2023. Tesla&#39;s CEO is willing to offer further discounts in order to reach this target. In my view, it might not be reasonable to have the &#34;whatever it takes&#34; approach to delivering a fixed number of vehicles by a certain date, given the fact numerous price cuts have already been made, whilst the company&#39;s margins are at the lowest in 2 years.</p><p>A lot of news agencies also reported Tesla&#39;s announcement on Cybertruck. By the way, most of the rise in the company&#39;s operating expenses was due to &#34;<em>Cybertruck, artificial intelligence initiatives, and other projects.</em>&#34; In his earnings call, Musk said he expected that it would &#34;<em>take a year to 18 months before [Cybertruck] is a significant positive cashflow contributor</em>.&#34;</p><p>During the conference call, Musk said that Tesla will end up producing around 250,000 Cybertruck units per year. But Tesla&#39;s CEO also added the corporation would reach that output sometime in 2025. According to Musk&#39;s projections, &#34;<em>it will take a year to 18 months before</em> [the Cybertruck]<em> is a significant positive cashflow contributor</em>.&#34; However, the company still has not released prices or key specifications that would affect Cybertruck&#39;s demand and profits. So, it is highly likely that Cybertruck would take even more time to generate positive cash flows for Tesla.</p><h2 id=\"id_3587932657\">Recap of my previous article</h2><p>The article &#34;<em>Tesla stock is a sell before the next recession</em>&#34; was published in May this year. In that article, I was quite skeptical of the company&#39;s ability to generate substantial net profits due to the company&#39;s price wars with other EV makers. I also noted that despite the numerous price cuts the company was still unable to generate sufficient demand in the key regions it wanted to expand in. But the Q1 2023 earnings reported at the time were substantially better compared to the 3Q 2023.</p><p><strong>1Q 2023</strong></p><p><strong><em>Earnings per share:</em></strong><em> 85 cents adjusted vs 85 cents expected by analysts</em></p><p><strong><em>Revenue:</em></strong><em> $23.33 billion vs $23.21 billion expected by analysts.</em></p><p><strong>3Q 2023</strong></p><p><strong><em>Earnings per share: </em></strong><em>66 cents vs 73 cents per share expected by analysts</em></p><p><strong><em>Revenue:</em></strong><em> $23.35 billion vs $24.1 billion expected by analysts.</em></p><p>Unfortunately for Tesla&#39;s shareholders, the revenues were roughly the same, whilst the EPS decreased significantly. So, it seems that I was right in my skepticism of the most popular carmaker (by market cap) in the U.S. stock market. This is worrying for a high-growth company like Tesla. Investors are normally willing to overpay for high-growth companies&#39; stocks because of the skyrocketing revenues and profits. However, in the earlier work on Tesla, I noticed that the corporation&#39;s EPS seemed to peak at the time.</p><h2 id=\"id_3738246910\">Company&#39;s fundamentals</h2><p>My main point is that Tesla is still valued as a growth star. But the fundamentals are not there. In my view, this is mainly because Tesla has been actively growing its revenues in the last three years. So, Mr. Market decided to value the company as a beautiful growth star.</p><p>On the surface, Tesla&#39;s indicators look great. For example, Tesla&#39;s <em>annual</em> net income has been rising since 2020 at a good pace.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e010f91672ca72d5a907dadfd32b8ae8\" alt=\"GuruFocus\" title=\"GuruFocus\" tg-width=\"640\" tg-height=\"402\"/><span>GuruFocus</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f2e7d6b1b644e7828585fb24da0c1b47\" alt=\"GuruFocus\" title=\"GuruFocus\" tg-width=\"640\" tg-height=\"391\"/><span>GuruFocus</span></p><p>The same is true of the revenue rise as can be seen from the diagram above.</p><p>However, the <em>quarterly</em> revenues and earnings point to a not-so-rosy picture. Since the December 2022 quarter, the revenue growth has stalled. As concerns the net profit, it has been falling since December 2022.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6a4692de5b977aac7a142a176f9291df\" alt=\"Seeking Alpha\" title=\"Seeking Alpha\" tg-width=\"640\" tg-height=\"74\"/><span>Seeking Alpha</span></p><p>This can be very well seen from the two diagrams below.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/74e76b095f8a8c03eb32c02d00f4e573\" alt=\"Seeking Alpha\" title=\"Seeking Alpha\" tg-width=\"640\" tg-height=\"385\"/><span>Seeking Alpha</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/48deda97ed5e7ec5f03180fffebeb5e5\" alt=\"Seeking Alpha\" title=\"Seeking Alpha\" tg-width=\"640\" tg-height=\"388\"/><span>Seeking Alpha</span></p><p>In my previous article, I also wrote about the company&#39;s other business segments apart from the EV sector, namely energy generation and storage. But even though the energy and storage business had a 148% year-on-year growth in the third quarter, the last quarters paint a different picture. Year-on-year sales for the segment jumped to $1.529 billion in Q1 2023. But in the two subsequent quarters, the revenues were almost flat with $1.509 billion in Q2 and $1.559 billion in 3Q.</p><p>Not to mention that Tesla is an EV business that generates 85% of its revenues from car sales. The proportion of the automotive-to-energy generation and storage revenues can be well seen from the graph below. This is obviously not good for the company in terms of diversification.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/99fb996768bad3d9591bb57aeabdab7a\" alt=\"GuruFocus\" title=\"GuruFocus\" tg-width=\"536\" tg-height=\"332\"/><span>GuruFocus</span></p><p>Tesla bulls might also point to the fact the company is enjoying ample liquidity reserves. However, credit rating agencies are not very positive about Tesla.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dbb9966dc1ae9b8226cb70e27eceaf01\" alt=\"GuruFocus\" title=\"GuruFocus\" tg-width=\"528\" tg-height=\"278\"/><span>GuruFocus</span></p><p>Tesla is now rated Ba3 by Moody&#39;s, the agency&#39;s low investment-grade rating even though Tesla’s numbers point to a rating much higher than that.</p><p>According to Moody&#39;s March 2023 release:</p><blockquote><p><em>“The scorecard-indicated outcome using Moody’s Automobile Manufacturers methodology is A2, measured for the last 12 months ended September 30, 2022.&#34; “On a forward-looking basis, the scorecard-indicated outcome remains A2.”</em></p></blockquote><p>But the agency is so skeptical because of Tesla’s narrow product lineup, rising competition, and<em> “corporate governance challenges, with considerable latitude exercised by CEO Elon Musk.”</em></p><p>Earlier on, I wrote about rising competition from Chinese EV-makers Tesla has to deal with. But a lot of investors&#39; enthusiasm, in my opinion, is due to the fact the company&#39;s management is far too optimistic about Tesla&#39;s future innovations and profits. The most obvious example is that of autonomous self-driving. Tesla&#39;s fans have been waiting for Tesla to introduce its first fully autonomous car for several years already. However, this still has not happened yet. The point I am making is that investors seem to be making too many assumptions, thus keeping Tesla&#39;s stock valuations at high levels.</p><h2 id=\"id_2470519126\">Valuations</h2><p>The valuations are also extremely high in spite of the recent stock price correction.</p><p>The table below summarizes Tesla&#39;s key valuation multipliers and also compares these to those of other automakers.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/526d4db8bbc27142659fcd3833bd39b2\" alt=\"Seeking Alpha\" title=\"Seeking Alpha\" tg-width=\"640\" tg-height=\"233\"/><span>Seeking Alpha</span></p><p>The automakers above do not solely produce EVs. They also make traditional cars. But still, the table above gives an idea of how overvalued Tesla is.</p><p>However, historically we can safely say that Tesla&#39;s valuation ratios were even higher than they are now.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1e154479e42705294c5d9ba74fafe1f9\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"450\"/><span>Data by YCharts</span></p><p>This is especially true of the company&#39;s P/E ratio.</p><p>The situation with the price-to-free cash flow ratio is less obvious than that. But still, the company&#39;s all-time high of $560 was at the end of 2021.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/74b095dded4468481b20cad6267a3440\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"450\"/><span>Data by YCharts</span></p><p>The P/B ratio is also ridiculously high, given the fact a &#34;normal&#34; P/B is usually between 1 and 3. However, in 2021, it was even higher than that.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c5dcae159931553725bd30a28c718607\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"450\"/><span>Data by YCharts</span></p><p>Tesla&#39;s valuations are not at their all-time highs. But still, they are not at their all-time lows. I would say that the company&#39;s stock is far too expensive.</p><p>Below I summarized some key risks for both TSLA&#39;s bulls and bears.</p><h2 id=\"id_461116527\">Upside risks</h2><ul style=\"\"><li><p>Some of Tesla&#39;s innovations can eventually materialize and start generating incredible profits.</p></li><li><p>The stock is highly popular among investors. So, any piece of good news can make TSLA soar.</p></li><li><p>The company is not heading for bankruptcy any time soon. Just the opposite is true. Tesla has ample cash reserves and its debt is reasonable compared to the liquidity it holds.</p></li></ul><h2 id=\"id_3814136021\">Downside risks</h2><ul style=\"\"><li><p>The stock&#39;s volatility is a clear downside risk. It can soar to all-time highs, but it can also fall materially. In 2021, the stock used to cost $400 per share, whilst at the beginning of 2023 it was almost $100 per share.</p></li><li><p>Elon Musk gives far too optimistic forecasts. This is especially true of Tesla&#39;s autonomous driving story.</p></li><li><p>The fact the company&#39;s storage business has not recently recorded too much growth is also a downside risk.</p></li><li><p>The valuations are high.</p></li><li><p>It is likely the global economy will enter a recession.</p></li><li><p>The monetary conditions are very tight and fewer people can afford to buy a new car.</p></li></ul><h2 id=\"id_74419192\">Conclusion</h2><p>Tesla is a very popular company managed by a charismatic and innovative CEO. But all this is already taken into account by the general market. The company&#39;s revenue and profit growth has stalled. Matters could get even worse, given the tight monetary conditions, high competition, and the fact Tesla is far too focused on electric vehicles. At the same time, in spite of the obvious risks, the stock valuations are still ridiculously high compared to most automakers. I would not personally rush to buy TSLA shares. I will rate Tesla, Inc. stock as a HOLD just because the company is in pretty good financial shape thanks to ample amounts of liquidity.</p></body></html>","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>Tesla Is No Longer A Growth Stock?</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\">\nTesla Is No Longer A Growth Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-07 16:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4647990-tesla-is-no-longer-a-growth-stock><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla, Inc. Q3 2023 earnings disappointed investors and analysts, with sales and EPS below estimates.Operating profit margin, gross profit, and adjusted EBITDA margins have been falling for several ...</p>\n\n<a href=\"https://seekingalpha.com/article/4647990-tesla-is-no-longer-a-growth-stock\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4592":"伊斯兰概念","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4585":"ETF&股票定投概念","TSLA":"特斯拉","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU2063271972.USD":"富兰克林创新领域基金","LU0823411888.USD":"法巴消费创新基金 Cap","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4527":"明星科技股","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4550":"红杉资本持仓","BK4588":"碎股","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU1548497426.USD":"安联环球人工智能AT Acc","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4574":"无人驾驶","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4551":"寇图资本持仓","LU0823414478.USD":"法巴经典能源转换基金","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4581":"高盛持仓","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4099":"汽车制造商","BK4511":"特斯拉概念","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","TSLL":"Direxion Daily TSLA Bull 2X Shares","BK4548":"巴美列捷福持仓","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0056508442.USD":"贝莱德世界科技基金A2","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS"},"source_url":"https://seekingalpha.com/article/4647990-tesla-is-no-longer-a-growth-stock","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2381704711","content_text":"Tesla, Inc. Q3 2023 earnings disappointed investors and analysts, with sales and EPS below estimates.Operating profit margin, gross profit, and adjusted EBITDA margins have been falling for several quarters.Demand for EVs is not growing despite discounts, and the Cybertruck announcement may take even longer to generate positive cash flows.The company has ample liquidity reserves.Tesla is ridiculously overvalued, given the fact the company is no longer a growth star.SimonSkafarTesla, Inc. (NASDAQ:TSLA) has recently reported its Q3 2023 earnings results. These disappointed many investors and market analysts because both the electric vehicle (\"EV\") maker's sales and EPS were below estimates. The net profit was also substantially lower compared to the same period a year ago. TSLA stock has corrected somewhat since the report's publication, but is still trading quite high, in my opinion. The Cybertruck announcement does not paint a very good picture, either. I was right in my previous rather pessimistic view of Tesla's stock, it seems. Even my earlier thesis on Tesla's wonderful prospects for its energy and storage business seems to be quite exaggerated now. But let me explain all this in some more detail.Tesla's earningsA lot has already been written about Tesla's earnings release. So, I will just touch on the key points.In short, the adjusted earnings per share totaled 66 cents vs 73 cents per share expected, whilst the revenues totaled $23.35 billion vs $24.1 billion expected.TeslaAll that does not look inspiring. But let us have a look at Tesla in charts and we can really see that Tesla's efficiency is not rising, indeed.This is especially true of its operating profit margin. But other indicators, including the gross profit and the adjusted EBITDA margins, have been falling for a few quarters as well.Seeking AlphaSeeking AlphaSeeking AlphaYou might be saying that the automotive revenues have been quite stable for several quarters. But both the total deliveries and the total EV production have decreased in the last quarter QOQ. At the same time, the last reported period was the first one since Q2 2022 when the total production and deliveries saw a substantial decline.Seeking AlphaOther newsThe most problematic part of the story is that the demand for EVs is not growing in spite of all the numerous discounts. But CEO Elon Musk aims to deliver the 1.8 million EVs in 2023. Tesla's CEO is willing to offer further discounts in order to reach this target. In my view, it might not be reasonable to have the \"whatever it takes\" approach to delivering a fixed number of vehicles by a certain date, given the fact numerous price cuts have already been made, whilst the company's margins are at the lowest in 2 years.A lot of news agencies also reported Tesla's announcement on Cybertruck. By the way, most of the rise in the company's operating expenses was due to \"Cybertruck, artificial intelligence initiatives, and other projects.\" In his earnings call, Musk said he expected that it would \"take a year to 18 months before [Cybertruck] is a significant positive cashflow contributor.\"During the conference call, Musk said that Tesla will end up producing around 250,000 Cybertruck units per year. But Tesla's CEO also added the corporation would reach that output sometime in 2025. According to Musk's projections, \"it will take a year to 18 months before [the Cybertruck] is a significant positive cashflow contributor.\" However, the company still has not released prices or key specifications that would affect Cybertruck's demand and profits. So, it is highly likely that Cybertruck would take even more time to generate positive cash flows for Tesla.Recap of my previous articleThe article \"Tesla stock is a sell before the next recession\" was published in May this year. In that article, I was quite skeptical of the company's ability to generate substantial net profits due to the company's price wars with other EV makers. I also noted that despite the numerous price cuts the company was still unable to generate sufficient demand in the key regions it wanted to expand in. But the Q1 2023 earnings reported at the time were substantially better compared to the 3Q 2023.1Q 2023Earnings per share: 85 cents adjusted vs 85 cents expected by analystsRevenue: $23.33 billion vs $23.21 billion expected by analysts.3Q 2023Earnings per share: 66 cents vs 73 cents per share expected by analystsRevenue: $23.35 billion vs $24.1 billion expected by analysts.Unfortunately for Tesla's shareholders, the revenues were roughly the same, whilst the EPS decreased significantly. So, it seems that I was right in my skepticism of the most popular carmaker (by market cap) in the U.S. stock market. This is worrying for a high-growth company like Tesla. Investors are normally willing to overpay for high-growth companies' stocks because of the skyrocketing revenues and profits. However, in the earlier work on Tesla, I noticed that the corporation's EPS seemed to peak at the time.Company's fundamentalsMy main point is that Tesla is still valued as a growth star. But the fundamentals are not there. In my view, this is mainly because Tesla has been actively growing its revenues in the last three years. So, Mr. Market decided to value the company as a beautiful growth star.On the surface, Tesla's indicators look great. For example, Tesla's annual net income has been rising since 2020 at a good pace.GuruFocusGuruFocusThe same is true of the revenue rise as can be seen from the diagram above.However, the quarterly revenues and earnings point to a not-so-rosy picture. Since the December 2022 quarter, the revenue growth has stalled. As concerns the net profit, it has been falling since December 2022.Seeking AlphaThis can be very well seen from the two diagrams below.Seeking AlphaSeeking AlphaIn my previous article, I also wrote about the company's other business segments apart from the EV sector, namely energy generation and storage. But even though the energy and storage business had a 148% year-on-year growth in the third quarter, the last quarters paint a different picture. Year-on-year sales for the segment jumped to $1.529 billion in Q1 2023. But in the two subsequent quarters, the revenues were almost flat with $1.509 billion in Q2 and $1.559 billion in 3Q.Not to mention that Tesla is an EV business that generates 85% of its revenues from car sales. The proportion of the automotive-to-energy generation and storage revenues can be well seen from the graph below. This is obviously not good for the company in terms of diversification.GuruFocusTesla bulls might also point to the fact the company is enjoying ample liquidity reserves. However, credit rating agencies are not very positive about Tesla.GuruFocusTesla is now rated Ba3 by Moody's, the agency's low investment-grade rating even though Tesla’s numbers point to a rating much higher than that.According to Moody's March 2023 release:“The scorecard-indicated outcome using Moody’s Automobile Manufacturers methodology is A2, measured for the last 12 months ended September 30, 2022.\" “On a forward-looking basis, the scorecard-indicated outcome remains A2.”But the agency is so skeptical because of Tesla’s narrow product lineup, rising competition, and “corporate governance challenges, with considerable latitude exercised by CEO Elon Musk.”Earlier on, I wrote about rising competition from Chinese EV-makers Tesla has to deal with. But a lot of investors' enthusiasm, in my opinion, is due to the fact the company's management is far too optimistic about Tesla's future innovations and profits. The most obvious example is that of autonomous self-driving. Tesla's fans have been waiting for Tesla to introduce its first fully autonomous car for several years already. However, this still has not happened yet. The point I am making is that investors seem to be making too many assumptions, thus keeping Tesla's stock valuations at high levels.ValuationsThe valuations are also extremely high in spite of the recent stock price correction.The table below summarizes Tesla's key valuation multipliers and also compares these to those of other automakers.Seeking AlphaThe automakers above do not solely produce EVs. They also make traditional cars. But still, the table above gives an idea of how overvalued Tesla is.However, historically we can safely say that Tesla's valuation ratios were even higher than they are now.Data by YChartsThis is especially true of the company's P/E ratio.The situation with the price-to-free cash flow ratio is less obvious than that. But still, the company's all-time high of $560 was at the end of 2021.Data by YChartsThe P/B ratio is also ridiculously high, given the fact a \"normal\" P/B is usually between 1 and 3. However, in 2021, it was even higher than that.Data by YChartsTesla's valuations are not at their all-time highs. But still, they are not at their all-time lows. I would say that the company's stock is far too expensive.Below I summarized some key risks for both TSLA's bulls and bears.Upside risksSome of Tesla's innovations can eventually materialize and start generating incredible profits.The stock is highly popular among investors. So, any piece of good news can make TSLA soar.The company is not heading for bankruptcy any time soon. Just the opposite is true. Tesla has ample cash reserves and its debt is reasonable compared to the liquidity it holds.Downside risksThe stock's volatility is a clear downside risk. It can soar to all-time highs, but it can also fall materially. In 2021, the stock used to cost $400 per share, whilst at the beginning of 2023 it was almost $100 per share.Elon Musk gives far too optimistic forecasts. This is especially true of Tesla's autonomous driving story.The fact the company's storage business has not recently recorded too much growth is also a downside risk.The valuations are high.It is likely the global economy will enter a recession.The monetary conditions are very tight and fewer people can afford to buy a new car.ConclusionTesla is a very popular company managed by a charismatic and innovative CEO. But all this is already taken into account by the general market. The company's revenue and profit growth has stalled. Matters could get even worse, given the tight monetary conditions, high competition, and the fact Tesla is far too focused on electric vehicles. At the same time, in spite of the obvious risks, the stock valuations are still ridiculously high compared to most automakers. I would not personally rush to buy TSLA shares. I will rate Tesla, Inc. stock as a HOLD just because the company is in pretty good financial shape thanks to ample amounts of liquidity.","news_type":1},"isVote":1,"tweetType":1,"viewCount":503,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":238485178847424,"gmtCreate":1699259612171,"gmtModify":1699259616686,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Well, shares mean to stimulate...... if no player...... will be bored.&nbsp;","listText":"Well, shares mean to stimulate...... if no player...... will be bored.&nbsp;","text":"Well, shares mean to stimulate...... if no player...... will be bored.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/238485178847424","repostId":"2380018672","repostType":4,"repost":{"id":"2380018672","pubTimestamp":1699236272,"share":"https://ttm.financial/m/news/2380018672?lang=&edition=fundamental","pubTime":"2023-11-06 10:04","market":"us","language":"en","title":"Warning: Nothing Is Stopping NIO Stock From Crashing Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2380018672","media":"InvestorPlace","summary":"Barring some positive surprises with earnings and/or upcoming delivery numbers, expect NIO stock to stay under pressure.","content":"<html><head></head><body><ul style=\"\"><li><p><strong>Nio</strong> (<strong><u>NIO</u></strong>) shares have been hammered in recent months, because of the China-based EV maker falling short  of expectations.</p></li><li><p>Although the company reported solid deliveries growth for October, this growth is not as impressive when compared to that of peers.</p></li><li><p>Disappointment with Nio’s results is likely to continue, which in turn could keep NIO stock moving in a downward trajectory.</p></li></ul><p><strong>Nio</strong> (NYSE: <strong>NIO</strong>) has performed poorly over the past few months. Although shares in the China-based EV maker have found support in recent trading days, I wouldn’t assume that the dust has settled with NIO stock.</p><p>Yes, per the latest headlines, it may seem as if the situation will improve from here for Nio. The company just released monthly delivery numbers, and on the surface deliveries came in strongly. Take a closer look at the numbers, however, and it’s clear that these results are lackluster when compared to that of peers, and to past expectations.</p><p>That’s not all. Little suggests that the company will soon catch up to peers in terms of growth, investors are likely to remain disappointed with Nio’s performance. This, of course, bodes badly for shares.</p><p>With this in mind, read on, as I break down why the bear case still stands with this stock.</p><h2 id=\"id_861471273\">NIO Stock and Relatively Underwhelming Delivery Numbers</h2><p>On Nov. 1, Nio reported 16,074 vehicle deliveries during October, representing a 59.8% increase in deliveries year-over-year. Impressive, right? Well, not quite. Even as deliveries climbed by a high double-digit amount last month, on a sequential (month-over-month) basis, growth was far less stellar.</p><p>As Nio’s September 2023 delivery numbers totaled 15,641 vehicles, October’s deliveries represented a sequential growth of only around 2.77%. The company figures aren’t impressive when compared to delivery numbers reported by China-based peers like <strong>Li Auto</strong> (NASDAQ: <strong>LI</strong>) and <strong>Xpeng</strong> (NYSE: <strong>XPEV</strong>).</p><p>Li’s October deliveries came in at 40,422 vehicles, a 302.1% year-over-year increase, and a 12.1% increase sequentially (based on 36,060 vehicles delivered in September). Xpeng’s deliveries came in at 20,000 for the month, up 292% on a year-over-year basis, and up 31% on a sequential basis.</p><p>While NIO stock did rise following this news, said rise was modest (2.05%) relative to LI (up 3.49%) and XPEV (up 7.04%). Also, the broad market rally on Nov. 1 may have played a larger role in NIO’s rally than on the deliveries news.</p><h2 id=\"id_2700250249\">What This Deliveries Slump Means for Sentiment Going Forward</h2><p>Taking a look at Nio’s delivery figures from July through October, there’s a clear takeaway. The end of China’s “zero Covid” restrictions, plus the launch of new vehicle models, enabled Nio to “level up” its monthly delivery volumes, which for an extended period were stuck at around 10,000 vehicles.</p><p>But while July’s delivery figure (over 20,462) may have suggested Nio was en route to hitting past aggressive sales targets set by management, sales volumes have fallen back in the ensuing months. Now, it appears that Nio can sustain monthly sales of around 15,000 vehicles, or 180,000 vehicles per year.</p><p>The issue? While selling 180,000 premium EVs annually isn’t necessarily anything to sneeze at, barring another round of “leveling up” during November and December, negative sentiment is likely to persist for NIO stock, resulting in further losses for investors. The reasons for this are twofold.</p><p>First, this recent leveling off calls into question whether revenue growth in the coming year will meet expectations. Sell-side consensus currently calls for sales to hit $13.23 billion next, a 56.75% increase. Second, this growth slump calls for yet another walking back of Nio’s timeline to profitability.</p><h2 id=\"id_417200406\">Bottom Line: Expect This Stock to Stay Under Pressure</h2><p>Nio has already given back all of its gains accrued during the “EV bubble” era of 2020-2021, but don’t assume that means the stock is finding a floor, after falling back towards pre-bubble prices.</p><p>Even before the bubble, Nio was given a rich valuation relative to its then-current performance, on the expectation that it was going to become China’s answer to <strong>Tesla</strong> (NASDAQ: <strong>TSLA</strong>), a world-class EV brand with a global reach.</p><p>Yet now, it’s clear the company is likely to be an “also ran” brand in its home market. Over in Europe, its first area of international expansion, Nio is scrambling to boost sales, further signaling this isn’t a “Tesla killer” in the making.</p><p>Barring the unveiling of positive surprises in Nio’s upcoming earnings release (scheduled for Nov. 9), or with its November and December vehicle delivery numbers, expect NIO stock to stay under pressure.</p></body></html>","source":"investorplace_stock_picks","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>Warning: Nothing Is Stopping NIO Stock From Crashing Now</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\">\nWarning: Nothing Is Stopping NIO Stock From Crashing Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-06 10:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/11/warning-nothing-is-stopping-nio-stock-from-crashing-now/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nio (NIO) shares have been hammered in recent months, because of the China-based EV maker falling short  of expectations.Although the company reported solid deliveries growth for October, this growth ...</p>\n\n<a href=\"https://investorplace.com/2023/11/warning-nothing-is-stopping-nio-stock-from-crashing-now/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","09866":"蔚来-SW","NIO.SI":"蔚来"},"source_url":"https://investorplace.com/2023/11/warning-nothing-is-stopping-nio-stock-from-crashing-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2380018672","content_text":"Nio (NIO) shares have been hammered in recent months, because of the China-based EV maker falling short  of expectations.Although the company reported solid deliveries growth for October, this growth is not as impressive when compared to that of peers.Disappointment with Nio’s results is likely to continue, which in turn could keep NIO stock moving in a downward trajectory.Nio (NYSE: NIO) has performed poorly over the past few months. Although shares in the China-based EV maker have found support in recent trading days, I wouldn’t assume that the dust has settled with NIO stock.Yes, per the latest headlines, it may seem as if the situation will improve from here for Nio. The company just released monthly delivery numbers, and on the surface deliveries came in strongly. Take a closer look at the numbers, however, and it’s clear that these results are lackluster when compared to that of peers, and to past expectations.That’s not all. Little suggests that the company will soon catch up to peers in terms of growth, investors are likely to remain disappointed with Nio’s performance. This, of course, bodes badly for shares.With this in mind, read on, as I break down why the bear case still stands with this stock.NIO Stock and Relatively Underwhelming Delivery NumbersOn Nov. 1, Nio reported 16,074 vehicle deliveries during October, representing a 59.8% increase in deliveries year-over-year. Impressive, right? Well, not quite. Even as deliveries climbed by a high double-digit amount last month, on a sequential (month-over-month) basis, growth was far less stellar.As Nio’s September 2023 delivery numbers totaled 15,641 vehicles, October’s deliveries represented a sequential growth of only around 2.77%. The company figures aren’t impressive when compared to delivery numbers reported by China-based peers like Li Auto (NASDAQ: LI) and Xpeng (NYSE: XPEV).Li’s October deliveries came in at 40,422 vehicles, a 302.1% year-over-year increase, and a 12.1% increase sequentially (based on 36,060 vehicles delivered in September). Xpeng’s deliveries came in at 20,000 for the month, up 292% on a year-over-year basis, and up 31% on a sequential basis.While NIO stock did rise following this news, said rise was modest (2.05%) relative to LI (up 3.49%) and XPEV (up 7.04%). Also, the broad market rally on Nov. 1 may have played a larger role in NIO’s rally than on the deliveries news.What This Deliveries Slump Means for Sentiment Going ForwardTaking a look at Nio’s delivery figures from July through October, there’s a clear takeaway. The end of China’s “zero Covid” restrictions, plus the launch of new vehicle models, enabled Nio to “level up” its monthly delivery volumes, which for an extended period were stuck at around 10,000 vehicles.But while July’s delivery figure (over 20,462) may have suggested Nio was en route to hitting past aggressive sales targets set by management, sales volumes have fallen back in the ensuing months. Now, it appears that Nio can sustain monthly sales of around 15,000 vehicles, or 180,000 vehicles per year.The issue? While selling 180,000 premium EVs annually isn’t necessarily anything to sneeze at, barring another round of “leveling up” during November and December, negative sentiment is likely to persist for NIO stock, resulting in further losses for investors. The reasons for this are twofold.First, this recent leveling off calls into question whether revenue growth in the coming year will meet expectations. Sell-side consensus currently calls for sales to hit $13.23 billion next, a 56.75% increase. Second, this growth slump calls for yet another walking back of Nio’s timeline to profitability.Bottom Line: Expect This Stock to Stay Under PressureNio has already given back all of its gains accrued during the “EV bubble” era of 2020-2021, but don’t assume that means the stock is finding a floor, after falling back towards pre-bubble prices.Even before the bubble, Nio was given a rich valuation relative to its then-current performance, on the expectation that it was going to become China’s answer to Tesla (NASDAQ: TSLA), a world-class EV brand with a global reach.Yet now, it’s clear the company is likely to be an “also ran” brand in its home market. Over in Europe, its first area of international expansion, Nio is scrambling to boost sales, further signaling this isn’t a “Tesla killer” in the making.Barring the unveiling of positive surprises in Nio’s upcoming earnings release (scheduled for Nov. 9), or with its November and December vehicle delivery numbers, expect NIO stock to stay under pressure.","news_type":1},"isVote":1,"tweetType":1,"viewCount":419,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":237436796596280,"gmtCreate":1699003517541,"gmtModify":1699003522211,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Positive News. Thank you.&nbsp;","listText":"Positive News. Thank you.&nbsp;","text":"Positive News. Thank you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237436796596280","repostId":"1143673654","repostType":4,"repost":{"id":"1143673654","pubTimestamp":1699021547,"share":"https://ttm.financial/m/news/1143673654?lang=&edition=fundamental","pubTime":"2023-11-03 22:25","market":"us","language":"en","title":"Nio Jumps over 3% as the EV Maker to Cut 10% of Staff Positions and May Spin Off Businesses","url":"https://stock-news.laohu8.com/highlight/detail?id=1143673654","media":"Bloomberg","summary":"Nio (NYSE: NIO) released a detailed plan for organizational and business optimization to employees, increasing its emphasis on execution efficiency in response to increased competition.Nio rises 2.5% ","content":"<html><head></head><body><p>Nio Inc. said it is cutting jobs and and may spin off non-core businesses to reduce costs and improve efficiency, as the Chinese electric-vehicle maker falls way short of its sales targets and continues to post losses.</p><p style=\"text-align: start;\">Shanghai-based Nio will cut 10% of staff positions in November, according to an internal letter signed by founder and Chief Executive Officer William Li seen Friday by Bloomberg News. “Duplicate” and “inefficient” roles will be eliminated, and businesses that don’t generate revenue in three years will be closed, Li said.</p><p>Nio rises 3.4% on the news in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e5ebe2141f070e38a5d2355b86db5afa\" tg-width=\"750\" tg-height=\"624\"/></p><p style=\"text-align: left;\">There were 26,763 full-time staff at Nio at the end of 2022, according to its annual report. In addition to EVs, the company’s businesses include battery and semiconductor research and development, as well as mobile phones.</p><p>The decision reflects strains in China’s wider EV market, the biggest in the world, as increasingly dominant BYD Co. and the likes of Tesla Inc. squeeze out smaller players. A price war instigated by Tesla a year ago amped up the pressure, with others following by cutting prices too in a race to attract customers as sales showed signs of slowing.</p><p>“This is a tough but necessary decision against the fierce competition,” Li wrote. “Our journey is a marathon on a muddy track.”</p><p>Nio has a 2.1% share of the Chinese new-energy vehicle market, which includes hybrids, selling about 110,000 EVs in the first nine months of this year, way short of its annual target of 250,000. In comparison, BYD sold over 165,000 fully electric cars in October alone, rising to 301,095 when including its hybrid sales.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1544fa4d4d9f94d92be05d83f6ba552c\" title=\"\" tg-width=\"775\" tg-height=\"514\"/></p><p>Founded in 2014, Nio’s strategy includes splashy showrooms with exclusive lounge-like spaces called Nio Houses, where EV owners can get complimentary beverages. Other membership-like benefits include free battery-swapping, charging and roadside assistance.</p><p>Nio has been scaling back those services as financial pressures mounted. The automaker still hasn’t ever posted a profit, and last quarter suffered a bigger-than-expected loss of $800 million. Its market value has slumped to $13 billion from a peak of $99 billion in February 2021.</p><p>Nio’s gross margin dropped to as low as 1% in the second quarter as the price war intensified. In June, Nio raised $738.5 million from the Abu Dhabi government for a 7% stake in the company, and it has considered trying to bring in more funds. Bloomberg News reported in September that Nio had approached investors in the Middle East about raising a further $3 billion.</p></body></html>","source":"lsy1584095487587","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>Nio Jumps over 3% as the EV Maker to Cut 10% of Staff Positions and May Spin Off Businesses</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\">\nNio Jumps over 3% as the EV Maker to Cut 10% of Staff Positions and May Spin Off Businesses\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-03 22:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://cnevpost.com/2023/11/03/nio-lays-out-organizational-optimization-plan/><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nio Inc. said it is cutting jobs and and may spin off non-core businesses to reduce costs and improve efficiency, as the Chinese electric-vehicle maker falls way short of its sales targets and ...</p>\n\n<a href=\"https://cnevpost.com/2023/11/03/nio-lays-out-organizational-optimization-plan/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO.SI":"蔚来","NIO":"蔚来","09866":"蔚来-SW"},"source_url":"https://cnevpost.com/2023/11/03/nio-lays-out-organizational-optimization-plan/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143673654","content_text":"Nio Inc. said it is cutting jobs and and may spin off non-core businesses to reduce costs and improve efficiency, as the Chinese electric-vehicle maker falls way short of its sales targets and continues to post losses.Shanghai-based Nio will cut 10% of staff positions in November, according to an internal letter signed by founder and Chief Executive Officer William Li seen Friday by Bloomberg News. “Duplicate” and “inefficient” roles will be eliminated, and businesses that don’t generate revenue in three years will be closed, Li said.Nio rises 3.4% on the news in morning trading.There were 26,763 full-time staff at Nio at the end of 2022, according to its annual report. In addition to EVs, the company’s businesses include battery and semiconductor research and development, as well as mobile phones.The decision reflects strains in China’s wider EV market, the biggest in the world, as increasingly dominant BYD Co. and the likes of Tesla Inc. squeeze out smaller players. A price war instigated by Tesla a year ago amped up the pressure, with others following by cutting prices too in a race to attract customers as sales showed signs of slowing.“This is a tough but necessary decision against the fierce competition,” Li wrote. “Our journey is a marathon on a muddy track.”Nio has a 2.1% share of the Chinese new-energy vehicle market, which includes hybrids, selling about 110,000 EVs in the first nine months of this year, way short of its annual target of 250,000. In comparison, BYD sold over 165,000 fully electric cars in October alone, rising to 301,095 when including its hybrid sales.Founded in 2014, Nio’s strategy includes splashy showrooms with exclusive lounge-like spaces called Nio Houses, where EV owners can get complimentary beverages. Other membership-like benefits include free battery-swapping, charging and roadside assistance.Nio has been scaling back those services as financial pressures mounted. The automaker still hasn’t ever posted a profit, and last quarter suffered a bigger-than-expected loss of $800 million. Its market value has slumped to $13 billion from a peak of $99 billion in February 2021.Nio’s gross margin dropped to as low as 1% in the second quarter as the price war intensified. In June, Nio raised $738.5 million from the Abu Dhabi government for a 7% stake in the company, and it has considered trying to bring in more funds. Bloomberg News reported in September that Nio had approached investors in the Middle East about raising a further $3 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":229886384529696,"gmtCreate":1697166501864,"gmtModify":1697166506215,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Just hold on to whatever counters you have in hand.&nbsp;","listText":"Just hold on to whatever counters you have in hand.&nbsp;","text":"Just hold on to whatever counters you have in hand.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/229886384529696","repostId":"1181060901","repostType":4,"repost":{"id":"1181060901","pubTimestamp":1697165811,"share":"https://ttm.financial/m/news/1181060901?lang=&edition=fundamental","pubTime":"2023-10-13 10:56","market":"hk","language":"en","title":"Hong Kong Stocks Snap Six-Day Winning Streak as Weak China Inflation Reports Undermine Bets on Recovery","url":"https://stock-news.laohu8.com/highlight/detail?id=1181060901","media":"south china morning post","summary":"Stock benchmark slips from a five-week high as bullish China bets take a knock following weak reports on producer, consumer prices in ChinaMarket is still on course for a 3 per cent gain for the week,","content":"<html><head></head><body><ul style=\"\"><li><p>Stock benchmark slips from a five-week high as bullish China bets take a knock following weak reports on producer, consumer prices in China</p></li></ul><ul style=\"\"><li><p>Market is still on course for a 3 per cent gain for the week, courtesy of a rally in the preceding six days amid speculation on state-fund buying</p></li></ul><p>Hong Kong stocks tumbled to snap a six-day winning run after official reports showed producer and consumer prices in mainland China trailed market expectations, reigniting concerns about the nation’s manufacturing and consumption rebound.</p><p>The Hang Seng Index declined 1.77 per cent to 17,915.67 as of 10.53am local time, trimming the weekly gain to about 3 per cent. The Tech Index dropped 2.87 per cent.</p><p>Alibaba Group retreated 3.38 per cent to HK$82.95 and rival e-commerce platform operator JD.com slumped 11.38 per cent to HK$104.30. Meituan slipped 3.89 per cent to HK$113.80. Search engine operator Baidu sank 4.94 per cent to HK$125.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c8d9a7f7f2c80f6f003b6b0dcc467ab\" tg-width=\"254\" tg-height=\"495\"/></p><p>Producer prices in mainland China dropped 2.5 per cent in September from a year earlier, capping a 12-month slide, the statistics bureau said on Friday. Economists had predicted a 2.4 per cent decline, versus a 3 per cent deflation in August. A separate report showed consumer prices were flat, versus consensus forecasts for a 0.2 per cent increase.</p><p>Other major Asian markets weakened. South Korea’s Kospi retreated 0.7 per cent and Australia’s S&amp;P/ASX 200 lost 0.3 per cent, while Japan’s Nikkei 225 slipped less than 0.1 per cent.</p></body></html>","source":"lsy1600132093512","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>Hong Kong Stocks Snap Six-Day Winning Streak as Weak China Inflation Reports Undermine Bets on Recovery</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\">\nHong Kong Stocks Snap Six-Day Winning Streak as Weak China Inflation Reports Undermine Bets on Recovery\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-10-13 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/china-business/article/3237771/hong-kong-stocks-snap-six-day-winning-streak-weak-china-inflation-reports-undermine-bets-recovery><strong>south china morning post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stock benchmark slips from a five-week high as bullish China bets take a knock following weak reports on producer, consumer prices in ChinaMarket is still on course for a 3 per cent gain for the week,...</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3237771/hong-kong-stocks-snap-six-day-winning-streak-weak-china-inflation-reports-undermine-bets-recovery\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","03690":"美团-W","09618":"京东集团-SW","HSI":"恒生指数","09888":"百度集团-SW"},"source_url":"https://www.scmp.com/business/china-business/article/3237771/hong-kong-stocks-snap-six-day-winning-streak-weak-china-inflation-reports-undermine-bets-recovery","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181060901","content_text":"Stock benchmark slips from a five-week high as bullish China bets take a knock following weak reports on producer, consumer prices in ChinaMarket is still on course for a 3 per cent gain for the week, courtesy of a rally in the preceding six days amid speculation on state-fund buyingHong Kong stocks tumbled to snap a six-day winning run after official reports showed producer and consumer prices in mainland China trailed market expectations, reigniting concerns about the nation’s manufacturing and consumption rebound.The Hang Seng Index declined 1.77 per cent to 17,915.67 as of 10.53am local time, trimming the weekly gain to about 3 per cent. The Tech Index dropped 2.87 per cent.Alibaba Group retreated 3.38 per cent to HK$82.95 and rival e-commerce platform operator JD.com slumped 11.38 per cent to HK$104.30. Meituan slipped 3.89 per cent to HK$113.80. Search engine operator Baidu sank 4.94 per cent to HK$125.Producer prices in mainland China dropped 2.5 per cent in September from a year earlier, capping a 12-month slide, the statistics bureau said on Friday. Economists had predicted a 2.4 per cent decline, versus a 3 per cent deflation in August. A separate report showed consumer prices were flat, versus consensus forecasts for a 0.2 per cent increase.Other major Asian markets weakened. South Korea’s Kospi retreated 0.7 per cent and Australia’s S&P/ASX 200 lost 0.3 per cent, while Japan’s Nikkei 225 slipped less than 0.1 per cent.","news_type":1},"isVote":1,"tweetType":1,"viewCount":330,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":224743775199352,"gmtCreate":1695878175222,"gmtModify":1695878792194,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Another strategy game play. Trade with care 🙏🙏","listText":"Another strategy game play. Trade with care 🙏🙏","text":"Another strategy game play. Trade with care 🙏🙏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/224743775199352","repostId":"2370765699","repostType":2,"repost":{"id":"2370765699","pubTimestamp":1695867006,"share":"https://ttm.financial/m/news/2370765699?lang=&edition=fundamental","pubTime":"2023-09-28 10:10","market":"sg","language":"en","title":"NIO Stock: Dilution Fears And Rumors","url":"https://stock-news.laohu8.com/highlight/detail?id=2370765699","media":"seeking alpha","summary":"NIO's stock slumped after news of a convertible bond offering, but the company's underlying business growth has picked up.NIO issued $1 billion worth of convertible bonds to fund manufacturing capacity and retail expansion.Market worries about an additional capital raise should ease as NIO denied planning one in the near future.Andy Feng Article Thesis NIO Inc.  is a company with a very volatile share price. Recently, news about an equity offering caused market worries that made NIO's stock slump closer to the 52-week low -- in the meantime, underlying business growth has finally picked up again. While there are question marks when it comes to NIO's future, the valuation isn't high for an electric vehicle stock. What Happened?","content":"<html><head></head><body><ul style=\"\"><li><p>NIO&#39;s stock slumped after news of a convertible bond offering, but the company&#39;s underlying business growth has picked up.</p></li><li><p>NIO issued $1 billion worth of convertible bonds to fund manufacturing capacity and retail expansion.</p></li><li><p>Market worries about an additional capital raise should ease as NIO denied planning one in the near future.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ddf0943a93f4ecd7825e6732cb46f8a\" alt=\"Andy Feng\" title=\"Andy Feng\" tg-width=\"750\" tg-height=\"563\"/><span>Andy Feng</span></p><h2 id=\"id_1536376911\">Article Thesis</h2><p>NIO Inc. (NYSE:NIO) is a company with a very volatile share price. Recently, news about an equity offering caused market worries that made NIO&#39;s stock slump closer to the 52-week low -- in the meantime, underlying business growth has finally picked up again. While there are question marks when it comes to NIO&#39;s future, the valuation isn&#39;t high for an electric vehicle stock.</p><h2 id=\"id_3475636150\">What Happened?</h2><p>NIO, one of the larger Chinese electric vehicle pure-play companies, has been in the news lately due to a capital raise and speculation that additional equity issuance might happen.</p><h4 id=\"id_404714265\">NIO&#39;s Convertible Bond Offering</h4><p>The first news item is a convertible bond offering that did happen. NIO issued $1 billion worth of convertible bonds, split evenly between bonds maturing in 2029 and bonds maturing in 2030 -- $500 million each. NIO is a fast-growing EV player that needs to invest heavily in order to build out manufacturing capacity, its retail footprint, and so on. At the same time, NIO is, like many other EV pure-plays, not profitable yet, which means that these investments are not financed via operating cash flows, but, instead, via cash on the balance sheet. When that starts to run lower, adding new capital via a bond offering, equity offering, or a &#34;mix&#34; between the two -- a convertible bond offering -- makes sense. Other growth companies, including current EV king Tesla (TSLA), have operated in a similar way, as we can clearly see when we take a look at Tesla&#39;s share count over the years:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2e89e80d7fee5892a099f2a036c60eb8\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"417\"/><span>Data by YCharts</span></p><p>Since Tesla went public, its share count has easily more than doubled. This was partially due to shares and options being issued to Elon Musk and Tesla&#39;s employees, but secondary offerings also played a major role. It has not hurt Tesla&#39;s share price, as underlying business growth was fast enough to more than offset the headwinds of a rising share count.</p><p>Ideally, the same will happen at NIO, too: If the share count climbs at a certain growth rate every year, but the revenue growth rate is substantially higher than the share count growth rate, then revenue per share will rise, no matter what. Of course, there is no guarantee that NIO&#39;s underlying business growth will be appealing, but in recent months, growth has accelerated -- more on that later.</p><p>While capital raises are more or less normal for fast-growing, not-yet-profitable companies such as NIO, the market still didn&#39;t like the convertible note offering. Shares continued to decline in a trend that began in early August when shares peaked around $15 -- they are now trading at just above $8.</p><p>NIO used some of the proceeds to buy back convertible bonds it had issued earlier, ones with maturity dates in 2026 and 2027. The bonds that NIO bought back had a face value of $500 million, meaning NIO still had substantial leftover cash to add to its balance sheet to fund future growth.</p><h4 id=\"id_3429752373\">Worries About Additional Capital Raise</h4><p>While the market didn&#39;t like the fact that the convertible bond offering <em>did</em> happen, the market also worried about an additional capital raise that has, at least so far, <em>not</em> happened.</p><p>There were some reports and rumors about NIO potentially seeking to raise another $3 billion worth of capital from investors. For a company that is valued at around $15 billion right now, that would make for a pretty substantial share count increase (assuming that NIO would issue equity, not debt). It would not be surprising to see shares experience selling pressure if NIO actually issued this much equity, but the company didn&#39;t do that. In fact, the company denied even planning an additional capital raise right now. This is the company&#39;s statement on the subject (see link above; highlights by author):</p><blockquote><p><em>The Company has been made aware of certain media speculations claiming that the Company is considering raising certain capital from investors, which have been widely circulated today. In light of the unusual market activity in the Company&#39;s American depositary shares today, </em><strong><em>the Company would like to clarify that the Company currently has no reportable capital raising activity, other than the recent convertible notes offering that was completed on September 25, 2023.</em></strong></p></blockquote><p>While the company does not deny that it will raise capital in the future -- denying that would make no sense, as the company doesn&#39;t know about its long-term cash needs yet -- it seems pretty clear that there will not be a capital raise anytime soon.</p><p>This should ease investors&#39; concerns, due to two reasons:</p><ul style=\"\"><li><p>First, with no additional capital raise planned right now, shareholders don&#39;t need to worry about dilution too much.</p></li><li><p>Second, NIO seemingly is happy with its cash balance now, which indicates that planned capital spending is aligned with the resources the company has access to right now. If no capital raise is planned in the foreseeable future, then one could argue that overspending isn&#39;t a major concern at NIO.</p></li></ul><h2 id=\"id_3492153863\">Operational Progress And Valuation</h2><p>The electric vehicle market continues to grow across different geographic markets, including in the US and China. As a Chinese EV player, NIO naturally is most exposed to Chinese EV demand.</p><p>While NIO&#39;s growth rate was pretty appealing over the last couple of years, growth declined during the first half of the current year -- even though others, such as BYD (OTCPK:BYDDY)(OTCPK:BYDDF) continued to deliver outstanding volume growth.</p><p>That was disappointing, as EV investors naturally want to see the companies they invest in generating strong business growth. However, NIO seems to have overcome headwinds such as supply chain issues now, as growth has improved markedly in recent months. New product introductions that fit well with what consumers in China are looking for also helped in improving NIO&#39;s business growth rate.</p><p>In August, NIO delivered more than 19,000 vehicles, which made for a growth rate of 81% compared to the same month one year earlier. That growth rate is very compelling, both in absolute terms and also compared to the much more meager growth NIO has been achieving during the first half of the current year.</p><p>This growth was partially driven by NIO&#39;s recent new model introductions, such as the ES6 smart SUV which has been well-received by consumers in its home market. While not as much of a volume model, the new ET7 sedan also has played a role in improving business growth at NIO, and due to its above-average sales price it should have a positive impact on revenues and margins going forward, all else equal.</p><p>NIO isn&#39;t profitable yet, thus we can&#39;t value the company based on the profits it generates, which would be one of the most common approaches to valuing a company&#39;s shares. We can, however, look at the revenues that NIO generates:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2e12a70c594fcb019a571735fbb2d50a\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"467\"/><span>Data by YCharts</span></p><p>Today, NIO trades at 1.7x forward (this year&#39;s) sales, based on current analyst estimates. That&#39;s a higher valuation compared to most legacy automobile companies, but far from expensive compared to other EV pure-plays. Tesla is valued at a 4.5x higher sales multiple, while Rivian Automotive (RIVN) and Lucid Group (LCID) are trading at big premiums compared to NIO as well. Tesla is profitable, unlike the other three, thus one can argue that a premium valuation is justified. But LCID and RIVN are pretty far from being profitable, they sell way fewer vehicles compared to NIO, and yet, they trade at high valuation premiums. While NIO being a Chinese company can be seen as a macro risk factor, one can also argue that this is an advantage for NIO, as China&#39;s EV market is the most important one in the world, and NIO is advantaged there, compared to American competitors.</p><h2 id=\"id_1076176056\">Takeaway</h2><p>While an investment in an unprofitable growth company undoubtedly comes with major uncertainties and risks, the violent selloff NIO has experienced over the last couple of weeks seems somewhat overdone.</p><p>NIO&#39;s growth has improved, and the valuation isn&#39;t high -- at least compared to other EV pure-play stocks. If NIO can keep up its volume growth rate, sales and margins should improve considerably going forward. Following the recent capital raise, the company also should have ample liquidity for a while, thus balance sheet worries have eased. With the valuation having come down a lot over the last couple of weeks, NIO is now a much better deal again than it was with shares trading in the mid-teens.</p><p>Editor&#39;s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.</p></body></html>","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>NIO Stock: Dilution Fears And Rumors</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\">\nNIO Stock: Dilution Fears And Rumors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-28 10:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4637600-nio-dilution-fears-and-rumors><strong>seeking alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NIO's stock slumped after news of a convertible bond offering, but the company's underlying business growth has picked up.NIO issued $1 billion worth of convertible bonds to fund manufacturing ...</p>\n\n<a href=\"https://seekingalpha.com/article/4637600-nio-dilution-fears-and-rumors\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","NIO.SI":"蔚来","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4592":"伊斯兰概念","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4531":"中概回港概念","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","NIO":"蔚来","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","BK4509":"腾讯概念","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4527":"明星科技股","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4550":"红杉资本持仓","BK4588":"碎股","LU2063271972.USD":"富兰克林创新领域基金","BK4574":"无人驾驶","BK4551":"寇图资本持仓","09866":"蔚来-SW","LU0823414478.USD":"法巴经典能源转换基金","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4511":"特斯拉概念","LU1548497426.USD":"安联环球人工智能AT Acc","LU0052750758.USD":"富兰克林中国基金A Acc"},"source_url":"https://seekingalpha.com/article/4637600-nio-dilution-fears-and-rumors","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2370765699","content_text":"NIO's stock slumped after news of a convertible bond offering, but the company's underlying business growth has picked up.NIO issued $1 billion worth of convertible bonds to fund manufacturing capacity and retail expansion.Market worries about an additional capital raise should ease as NIO denied planning one in the near future.Andy FengArticle ThesisNIO Inc. (NYSE:NIO) is a company with a very volatile share price. Recently, news about an equity offering caused market worries that made NIO's stock slump closer to the 52-week low -- in the meantime, underlying business growth has finally picked up again. While there are question marks when it comes to NIO's future, the valuation isn't high for an electric vehicle stock.What Happened?NIO, one of the larger Chinese electric vehicle pure-play companies, has been in the news lately due to a capital raise and speculation that additional equity issuance might happen.NIO's Convertible Bond OfferingThe first news item is a convertible bond offering that did happen. NIO issued $1 billion worth of convertible bonds, split evenly between bonds maturing in 2029 and bonds maturing in 2030 -- $500 million each. NIO is a fast-growing EV player that needs to invest heavily in order to build out manufacturing capacity, its retail footprint, and so on. At the same time, NIO is, like many other EV pure-plays, not profitable yet, which means that these investments are not financed via operating cash flows, but, instead, via cash on the balance sheet. When that starts to run lower, adding new capital via a bond offering, equity offering, or a \"mix\" between the two -- a convertible bond offering -- makes sense. Other growth companies, including current EV king Tesla (TSLA), have operated in a similar way, as we can clearly see when we take a look at Tesla's share count over the years:Data by YChartsSince Tesla went public, its share count has easily more than doubled. This was partially due to shares and options being issued to Elon Musk and Tesla's employees, but secondary offerings also played a major role. It has not hurt Tesla's share price, as underlying business growth was fast enough to more than offset the headwinds of a rising share count.Ideally, the same will happen at NIO, too: If the share count climbs at a certain growth rate every year, but the revenue growth rate is substantially higher than the share count growth rate, then revenue per share will rise, no matter what. Of course, there is no guarantee that NIO's underlying business growth will be appealing, but in recent months, growth has accelerated -- more on that later.While capital raises are more or less normal for fast-growing, not-yet-profitable companies such as NIO, the market still didn't like the convertible note offering. Shares continued to decline in a trend that began in early August when shares peaked around $15 -- they are now trading at just above $8.NIO used some of the proceeds to buy back convertible bonds it had issued earlier, ones with maturity dates in 2026 and 2027. The bonds that NIO bought back had a face value of $500 million, meaning NIO still had substantial leftover cash to add to its balance sheet to fund future growth.Worries About Additional Capital RaiseWhile the market didn't like the fact that the convertible bond offering did happen, the market also worried about an additional capital raise that has, at least so far, not happened.There were some reports and rumors about NIO potentially seeking to raise another $3 billion worth of capital from investors. For a company that is valued at around $15 billion right now, that would make for a pretty substantial share count increase (assuming that NIO would issue equity, not debt). It would not be surprising to see shares experience selling pressure if NIO actually issued this much equity, but the company didn't do that. In fact, the company denied even planning an additional capital raise right now. This is the company's statement on the subject (see link above; highlights by author):The Company has been made aware of certain media speculations claiming that the Company is considering raising certain capital from investors, which have been widely circulated today. In light of the unusual market activity in the Company's American depositary shares today, the Company would like to clarify that the Company currently has no reportable capital raising activity, other than the recent convertible notes offering that was completed on September 25, 2023.While the company does not deny that it will raise capital in the future -- denying that would make no sense, as the company doesn't know about its long-term cash needs yet -- it seems pretty clear that there will not be a capital raise anytime soon.This should ease investors' concerns, due to two reasons:First, with no additional capital raise planned right now, shareholders don't need to worry about dilution too much.Second, NIO seemingly is happy with its cash balance now, which indicates that planned capital spending is aligned with the resources the company has access to right now. If no capital raise is planned in the foreseeable future, then one could argue that overspending isn't a major concern at NIO.Operational Progress And ValuationThe electric vehicle market continues to grow across different geographic markets, including in the US and China. As a Chinese EV player, NIO naturally is most exposed to Chinese EV demand.While NIO's growth rate was pretty appealing over the last couple of years, growth declined during the first half of the current year -- even though others, such as BYD (OTCPK:BYDDY)(OTCPK:BYDDF) continued to deliver outstanding volume growth.That was disappointing, as EV investors naturally want to see the companies they invest in generating strong business growth. However, NIO seems to have overcome headwinds such as supply chain issues now, as growth has improved markedly in recent months. New product introductions that fit well with what consumers in China are looking for also helped in improving NIO's business growth rate.In August, NIO delivered more than 19,000 vehicles, which made for a growth rate of 81% compared to the same month one year earlier. That growth rate is very compelling, both in absolute terms and also compared to the much more meager growth NIO has been achieving during the first half of the current year.This growth was partially driven by NIO's recent new model introductions, such as the ES6 smart SUV which has been well-received by consumers in its home market. While not as much of a volume model, the new ET7 sedan also has played a role in improving business growth at NIO, and due to its above-average sales price it should have a positive impact on revenues and margins going forward, all else equal.NIO isn't profitable yet, thus we can't value the company based on the profits it generates, which would be one of the most common approaches to valuing a company's shares. We can, however, look at the revenues that NIO generates:Data by YChartsToday, NIO trades at 1.7x forward (this year's) sales, based on current analyst estimates. That's a higher valuation compared to most legacy automobile companies, but far from expensive compared to other EV pure-plays. Tesla is valued at a 4.5x higher sales multiple, while Rivian Automotive (RIVN) and Lucid Group (LCID) are trading at big premiums compared to NIO as well. Tesla is profitable, unlike the other three, thus one can argue that a premium valuation is justified. But LCID and RIVN are pretty far from being profitable, they sell way fewer vehicles compared to NIO, and yet, they trade at high valuation premiums. While NIO being a Chinese company can be seen as a macro risk factor, one can also argue that this is an advantage for NIO, as China's EV market is the most important one in the world, and NIO is advantaged there, compared to American competitors.TakeawayWhile an investment in an unprofitable growth company undoubtedly comes with major uncertainties and risks, the violent selloff NIO has experienced over the last couple of weeks seems somewhat overdone.NIO's growth has improved, and the valuation isn't high -- at least compared to other EV pure-play stocks. If NIO can keep up its volume growth rate, sales and margins should improve considerably going forward. Following the recent capital raise, the company also should have ample liquidity for a while, thus balance sheet worries have eased. With the valuation having come down a lot over the last couple of weeks, NIO is now a much better deal again than it was with shares trading in the mid-teens.Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":217655223107616,"gmtCreate":1694166493757,"gmtModify":1694166498621,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Anything possible nowadays. Just curious why out of a sudden and it surfaced.&nbsp;","listText":"Anything possible nowadays. Just curious why out of a sudden and it surfaced.&nbsp;","text":"Anything possible nowadays. Just curious why out of a sudden and it surfaced.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/217655223107616","repostId":"1118270256","repostType":2,"repost":{"id":"1118270256","pubTimestamp":1694139251,"share":"https://ttm.financial/m/news/1118270256?lang=&edition=fundamental","pubTime":"2023-09-08 10:14","market":"us","language":"en","title":"PDD Stock Alert: Grizzly Research Slams Pinduoduo in New Short Report","url":"https://stock-news.laohu8.com/highlight/detail?id=1118270256","media":"InvestorPlace","summary":"Grizzly Research has released a detailed short report on a Chinese tech leader.The market research firm has raised some alarming concerns about $PDD Holdings $.According to its findings, e-commerce app TEMU is harvesting users data.Have you downloaded Temu?Let’s dive deeper into this story and assess what investors should be expecting as the dust continues to settle.What’s Happening With PDD Stock?Since Grizzly Research published the report yesterday, PDD stock has been highly volatile. As of th","content":"<html><head></head><body><ul style=\"\"><li><p>Grizzly Research has released a detailed short report on a Chinese tech leader.</p></li><li><p>The market research firm has raised some alarming concerns about <a href=\"https://laohu8.com/S/PDD\">PDD Holdings </a>.</p></li><li><p>According to its findings, e-commerce app TEMU is harvesting users data.</p></li></ul><p>Have you downloaded Temu? If so, Grizzly Research believes you may be exposed to dangerous spyware. The market research firm has released a damning short report on Temu’s parent company <a href=\"https://laohu8.com/S/PDD\">PDD Holdings</a>.</p><p style=\"text-align: start;\">In short, it believes that the popular shopping app contains hidden spyware that poses a threat to U.S. national security. The report describes PDD, or Pinduoduo, as a “dying, fraudulent company,” raising highly concerning suspicions.</p><p style=\"text-align: start;\">PDD stock is falling today on the news as the market reacts to the evidence brought forth by Grizzly. Shares are likely to keep declining as U.S. investors rush to cut ties with the company.</p><p style=\"text-align: start;\">Does this mean that everyone should be concerned about Temu? Let’s dive deeper into this story and assess what investors should be expecting as the dust continues to settle.</p><h2 id=\"id_1875558912\" style=\"text-align: start;\">What’s Happening With PDD Stock?</h2><p style=\"text-align: start;\">Since Grizzly Research published the report yesterday, PDD stock has been highly volatile. It is down 4.9% for the day. Its current trajectory suggests that a rebound is possible. However, that’s likely due to general market momentum.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/183523a685054ece3d3ac5a4fa0dc942\" tg-width=\"795\" tg-height=\"621\"/></p><p style=\"text-align: start;\">Investors shouldn’t interpret its current performance as an indication that the short report is insignificant. More than likely, the market is still adjusting to the firm’s findings.</p><p style=\"text-align: start;\">What exactly did Grizzly’s research team find during its investigation of PDD? There’s a lot to unpack, so let’s dig in.</p><p style=\"text-align: start;\">In the report, Grizzly notes that its staff worked with independent data security experts to closely examine Temu’s code. It found that the app has hidden functions that allow for extensive data exfiltration unbeknown to users, potentially giving bad actors full access to almost all data on customers’ mobile devices.”</p><p style=\"text-align: start;\">The firm also noted that over the last nine months, Temu has been downloaded over 100 million times — but only by users in the U.S. and Europe. It highlights the fact that the app isn’t available in China as further evidence of its spyware concerns.</p><p style=\"text-align: start;\">Many downloads may have happened under nefarious circumstances. Grizzly’s team accuses Temu of using “the most aggressive and questionable techniques to manipulate large numbers of people to install the app.”</p><p style=\"text-align: start;\">The research firm makes its central thesis clear — it suspects that Temu is already selling data it has harvested from users or that it intends to start doing so shortly. Grizzly sees this as the only possible way for it to sustain a business model that is otherwise destined to fail.</p><p style=\"text-align: start;\">It argues that peddling cheap, Chinese made goods is not a functional business model on its own. Wish.com, now <a href=\"https://laohu8.com/S/WISH\">ContextLogic</a>, and Shein are notable examples of why that doesn’t work. Grizzly also references a May report from WIRED that found evidence of Temu losing up to $30 per order.</p><h2 id=\"id_3787021895\" style=\"text-align: start;\">Why It Matters</h2><p style=\"text-align: start;\">It’s unclear what will happen now, but an investigation into Temu likely isn’t far away. U.S. regulators have made numerous attempts to crack down on Chinese companies that trade on American markets. If any allegations made by Grizzly are found to be true, PDD stock could easily face disciplinary action, including being delisted.</p><p style=\"text-align: start;\">In the meantime, shares are likely to keep falling as the dust settles and more information about Temu and Pinduoduo comes to light. Investors should prepare for users to start deleting the app as this story continues to circulate, pushing PDD stock down even more.</p></body></html>","source":"investorplace_stock_picks","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>PDD Stock Alert: Grizzly Research Slams Pinduoduo in New Short Report</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\">\nPDD Stock Alert: Grizzly Research Slams Pinduoduo in New Short Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-08 10:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/09/pdd-stock-alert-grizzly-research-slams-pinduoduo-in-new-short-report/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Grizzly Research has released a detailed short report on a Chinese tech leader.The market research firm has raised some alarming concerns about PDD Holdings .According to its findings, e-commerce app ...</p>\n\n<a href=\"https://investorplace.com/2023/09/pdd-stock-alert-grizzly-research-slams-pinduoduo-in-new-short-report/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PDD":"拼多多"},"source_url":"https://investorplace.com/2023/09/pdd-stock-alert-grizzly-research-slams-pinduoduo-in-new-short-report/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118270256","content_text":"Grizzly Research has released a detailed short report on a Chinese tech leader.The market research firm has raised some alarming concerns about PDD Holdings .According to its findings, e-commerce app TEMU is harvesting users data.Have you downloaded Temu? If so, Grizzly Research believes you may be exposed to dangerous spyware. The market research firm has released a damning short report on Temu’s parent company PDD Holdings.In short, it believes that the popular shopping app contains hidden spyware that poses a threat to U.S. national security. The report describes PDD, or Pinduoduo, as a “dying, fraudulent company,” raising highly concerning suspicions.PDD stock is falling today on the news as the market reacts to the evidence brought forth by Grizzly. Shares are likely to keep declining as U.S. investors rush to cut ties with the company.Does this mean that everyone should be concerned about Temu? Let’s dive deeper into this story and assess what investors should be expecting as the dust continues to settle.What’s Happening With PDD Stock?Since Grizzly Research published the report yesterday, PDD stock has been highly volatile. It is down 4.9% for the day. Its current trajectory suggests that a rebound is possible. However, that’s likely due to general market momentum.Investors shouldn’t interpret its current performance as an indication that the short report is insignificant. More than likely, the market is still adjusting to the firm’s findings.What exactly did Grizzly’s research team find during its investigation of PDD? There’s a lot to unpack, so let’s dig in.In the report, Grizzly notes that its staff worked with independent data security experts to closely examine Temu’s code. It found that the app has hidden functions that allow for extensive data exfiltration unbeknown to users, potentially giving bad actors full access to almost all data on customers’ mobile devices.”The firm also noted that over the last nine months, Temu has been downloaded over 100 million times — but only by users in the U.S. and Europe. It highlights the fact that the app isn’t available in China as further evidence of its spyware concerns.Many downloads may have happened under nefarious circumstances. Grizzly’s team accuses Temu of using “the most aggressive and questionable techniques to manipulate large numbers of people to install the app.”The research firm makes its central thesis clear — it suspects that Temu is already selling data it has harvested from users or that it intends to start doing so shortly. Grizzly sees this as the only possible way for it to sustain a business model that is otherwise destined to fail.It argues that peddling cheap, Chinese made goods is not a functional business model on its own. Wish.com, now ContextLogic, and Shein are notable examples of why that doesn’t work. Grizzly also references a May report from WIRED that found evidence of Temu losing up to $30 per order.Why It MattersIt’s unclear what will happen now, but an investigation into Temu likely isn’t far away. U.S. regulators have made numerous attempts to crack down on Chinese companies that trade on American markets. If any allegations made by Grizzly are found to be true, PDD stock could easily face disciplinary action, including being delisted.In the meantime, shares are likely to keep falling as the dust settles and more information about Temu and Pinduoduo comes to light. Investors should prepare for users to start deleting the app as this story continues to circulate, pushing PDD stock down even more.","news_type":1},"isVote":1,"tweetType":1,"viewCount":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":216580836368400,"gmtCreate":1693878128154,"gmtModify":1693878134375,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Most of us aware too. Appreciate your article though thanks. 👍👍","listText":"Most of us aware too. Appreciate your article though thanks. 👍👍","text":"Most of us aware too. Appreciate your article though thanks. 👍👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/216580836368400","repostId":"2364276867","repostType":2,"repost":{"id":"2364276867","pubTimestamp":1693877757,"share":"https://ttm.financial/m/news/2364276867?lang=&edition=fundamental","pubTime":"2023-09-05 09:35","market":"us","language":"en","title":"VinFast: One Of The Largest Disconnects Between Fundamentals & Price I’ve Ever Seen","url":"https://stock-news.laohu8.com/highlight/detail?id=2364276867","media":"The Smart Investor","summary":"VinFast Auto has a mammoth market capitalisation but the same may not be said for its business fundamentals.","content":"<html><head></head><body><p>VinFast Auto has a mammoth market capitalisation but the same may not be said for its business fundamentals.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ea32787ae4685ebfa696f8715d93e53e\" alt=\"\" title=\"\" tg-width=\"800\" tg-height=\"533\"/></p><p><strong><a href=\"https://laohu8.com/S/VFS\">VinFast Auto</a> </strong>(NASDAQ: VFS) became a public-listed entity in the US stock market on 15 August this year through a SPAC (Special Purpose Acquisition Company) merger. I think it is also a company with one of the largest disconnects between fundamentals and price that I’ve ever seen. I’ll lay out what I know, and you can judge my thought.</p><p>Founded in 2017, VinFast manufactures EVs (electric vehicles), e-scooters, and e-buses. The company started producing e-scooters in 2018, ICE cars in 2019 (the production of internal combustion engine vehicles was phased out in late-2022), and e-buses in 2020. Its first EV product line consists of a range of SUVs (sport utility vehicles) which it began manufacturing in December 2021. VinFast’s manufacturing facility – which has 1,400 robots and is highly automated – is located in Hai Phong, Vietnam and has an annual production capacity of 300,000 EVs. Through June 2023, VinFast has delivered 105,000 vehicles – most of which are ICE vehicles – and 182,000 e-scooters. </p><p>Vietnam is VinFast’s headquarters and the company’s primary market at the moment. As of 30 June 2023, VinFast had sold around 18,700 EVs, mostly in Vietnam, since inception; the deliveries of the 182,000 e-scooters since the company’s founding all happened in the same country too. The company has ambitions beyond Vietnam and has set its sights on the USA, Canada, France, Germany, and the Netherlands as its initial international markets. VinFast commenced US deliveries of EVs in March this year while it expects to start delivering EVs into Europe in the second half of 2023. The company has recorded around 26,000 reservations for its EVs globally as of 30 June 2023.</p><p>Controlling <strong><em>nearly all</em></strong> of VinFast’s shares currently <strong>(99.7%) </strong>is Pham Nhat Vuong, the founder and majority shareholder of Vingroup, a Vietnam-based conglomerate. Vingroup has a major economic presence in Vietnam – the company and all of its listed subsidiaries collectively accounted for 1.1% of Vietnam’s GDP in 2022 and they have a combined market capitalisation of US$21.0 billion (note that this does <em>not </em>include the value of VinFast) as of 30 June 2023.   </p><p>In the two weeks since VinFast’s listing, the company’s stock price closed at a high of US$82, on 28 August 2023. This gave VinFast a staggering US$190 billion market capitalisation based on an outstanding share count of 2.307 billion (as of 14 August 2023). At the market-close on 29 August 2023, VinFast’s share price was US$46. Though a painful 44% fall from the previous day’s closing, the US$46 stock price still gives VinFast a massive market capitalisation of US$107 billion, which easily makes it one of the top five largest auto manufacturers in the world by market capitalisation. But behind VinFast’s market size are the following fundamentals:</p><ul style=\"\"><li><p>2022 numbers (I would have used trailing numbers, but they’re not readily available)<strong>:</strong> Revenue of US$633.8 <em>million, </em>an operating <em>loss</em> of US$1.8 billion, and an operating cash <em>outflow </em>of US$1.5 billion</p></li><li><p>As I already mentioned, VinFast has (1) 26,000 reservations for its EVs <em>globally</em> as of 30 June 2023, and (2) delivered 105,000 vehicles – most of which are ICE vehicles – and 182,000 e-scooters from its founding through June 2023.</p></li></ul><p>For perspective, here are the equivalent numbers for <strong>Tesla</strong> (NASDAQ: TSLA), the largest auto manufacturer in the world by market capitalisation (US$816 billion on 29 August 2023), and a company whose valuation ratios are often said by stock market participants to be rich:</p><ul style=\"\"><li><p>Trailing numbers: Revenue of US$94.0 billion, operating income of US$12.7 billion, and operating cash <em>inflow </em>of US$14.0 billion</p></li><li><p>Trailing deliveries<em> </em>of 1.638 million vehicles worldwide.</p></li></ul><p>So given all the above, what do you think about my statement above, that VinFast is “a company with one of the largest disconnects between fundamentals and price that I’ve ever seen”?</p></body></html>","source":"thesmartinvestor_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>VinFast: One Of The Largest Disconnects Between Fundamentals & Price I’ve Ever Seen</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\">\nVinFast: One Of The Largest Disconnects Between Fundamentals & Price I’ve Ever Seen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-05 09:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/one-of-the-largest-disconnects-between-fundamentals-price-ive-ever-seen/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>VinFast Auto has a mammoth market capitalisation but the same may not be said for its business fundamentals.VinFast Auto (NASDAQ: VFS) became a public-listed entity in the US stock market on 15 August...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/one-of-the-largest-disconnects-between-fundamentals-price-ive-ever-seen/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1548497426.USD":"安联环球人工智能AT Acc","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4581":"高盛持仓","BK4099":"汽车制造商","BK4511":"特斯拉概念","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","VFS":"VinFast Auto","BK4548":"巴美列捷福持仓","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4592":"伊斯兰概念","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4555":"新能源车","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4574":"无人驾驶","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU2063271972.USD":"富兰克林创新领域基金","BK4527":"明星科技股","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4588":"碎股","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4550":"红杉资本持仓","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4551":"寇图资本持仓"},"source_url":"https://thesmartinvestor.com.sg/one-of-the-largest-disconnects-between-fundamentals-price-ive-ever-seen/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2364276867","content_text":"VinFast Auto has a mammoth market capitalisation but the same may not be said for its business fundamentals.VinFast Auto (NASDAQ: VFS) became a public-listed entity in the US stock market on 15 August this year through a SPAC (Special Purpose Acquisition Company) merger. I think it is also a company with one of the largest disconnects between fundamentals and price that I’ve ever seen. I’ll lay out what I know, and you can judge my thought.Founded in 2017, VinFast manufactures EVs (electric vehicles), e-scooters, and e-buses. The company started producing e-scooters in 2018, ICE cars in 2019 (the production of internal combustion engine vehicles was phased out in late-2022), and e-buses in 2020. Its first EV product line consists of a range of SUVs (sport utility vehicles) which it began manufacturing in December 2021. VinFast’s manufacturing facility – which has 1,400 robots and is highly automated – is located in Hai Phong, Vietnam and has an annual production capacity of 300,000 EVs. Through June 2023, VinFast has delivered 105,000 vehicles – most of which are ICE vehicles – and 182,000 e-scooters. Vietnam is VinFast’s headquarters and the company’s primary market at the moment. As of 30 June 2023, VinFast had sold around 18,700 EVs, mostly in Vietnam, since inception; the deliveries of the 182,000 e-scooters since the company’s founding all happened in the same country too. The company has ambitions beyond Vietnam and has set its sights on the USA, Canada, France, Germany, and the Netherlands as its initial international markets. VinFast commenced US deliveries of EVs in March this year while it expects to start delivering EVs into Europe in the second half of 2023. The company has recorded around 26,000 reservations for its EVs globally as of 30 June 2023.Controlling nearly all of VinFast’s shares currently (99.7%) is Pham Nhat Vuong, the founder and majority shareholder of Vingroup, a Vietnam-based conglomerate. Vingroup has a major economic presence in Vietnam – the company and all of its listed subsidiaries collectively accounted for 1.1% of Vietnam’s GDP in 2022 and they have a combined market capitalisation of US$21.0 billion (note that this does not include the value of VinFast) as of 30 June 2023.   In the two weeks since VinFast’s listing, the company’s stock price closed at a high of US$82, on 28 August 2023. This gave VinFast a staggering US$190 billion market capitalisation based on an outstanding share count of 2.307 billion (as of 14 August 2023). At the market-close on 29 August 2023, VinFast’s share price was US$46. Though a painful 44% fall from the previous day’s closing, the US$46 stock price still gives VinFast a massive market capitalisation of US$107 billion, which easily makes it one of the top five largest auto manufacturers in the world by market capitalisation. But behind VinFast’s market size are the following fundamentals:2022 numbers (I would have used trailing numbers, but they’re not readily available): Revenue of US$633.8 million, an operating loss of US$1.8 billion, and an operating cash outflow of US$1.5 billionAs I already mentioned, VinFast has (1) 26,000 reservations for its EVs globally as of 30 June 2023, and (2) delivered 105,000 vehicles – most of which are ICE vehicles – and 182,000 e-scooters from its founding through June 2023.For perspective, here are the equivalent numbers for Tesla (NASDAQ: TSLA), the largest auto manufacturer in the world by market capitalisation (US$816 billion on 29 August 2023), and a company whose valuation ratios are often said by stock market participants to be rich:Trailing numbers: Revenue of US$94.0 billion, operating income of US$12.7 billion, and operating cash inflow of US$14.0 billionTrailing deliveries of 1.638 million vehicles worldwide.So given all the above, what do you think about my statement above, that VinFast is “a company with one of the largest disconnects between fundamentals and price that I’ve ever seen”?","news_type":1},"isVote":1,"tweetType":1,"viewCount":183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":215221062447104,"gmtCreate":1693574909247,"gmtModify":1693574914664,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Need volume to support the upward momentum. If not, challenging.&nbsp;","listText":"Need volume to support the upward momentum. If not, challenging.&nbsp;","text":"Need volume to support the upward momentum. If not, challenging.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/215221062447104","repostId":"2364211991","repostType":2,"repost":{"id":"2364211991","pubTimestamp":1693567922,"share":"https://ttm.financial/m/news/2364211991?lang=&edition=fundamental","pubTime":"2023-09-01 19:32","market":"us","language":"en","title":"JD.com: Good Returns Potential As The Ship Is Turning Around","url":"https://stock-news.laohu8.com/highlight/detail?id=2364211991","media":"seekingalpha","summary":"JD.com is down 40% year-to-date compared to positive 6% for Alibaba stock and a 20% jump by Pinduoduo.There have been a number of headwinds for JD.com in this year but the current correction seems to ","content":"<html><head></head><body><ul style=\"\"><li><p>JD.com is down 40% year-to-date compared to positive 6% for Alibaba stock and a 20% jump by Pinduoduo.</p></li><li><p>There have been a number of headwinds for JD.com in this year but the current correction seems to be overdone.</p></li><li><p>The company is working on improving the operating leverage as it gains greater efficiency within logistics.</p></li><li><p>Even modest results in the next few quarters can lead to a bullish run in the stock.</p></li><li><p>The forward pe ratio of JD.com is close to 10 and we could see a significant improvement in valuation multiple by early 2024.</p></li></ul><p><a href=\"https://laohu8.com/S/JD\">JD.com Inc.</a> stock has declined by a staggering 40% year-to-date, while other Chinese stocks have fared better. Some of this decline is due to company-specific issues which include a decline in market share within China as <a href=\"https://laohu8.com/S/PDD\">Pinduoduo </a> has reported a better growth rate. However, the stock correction seems to have been overdone. If the management is able to post even modest results in the next few quarters, we could see a significant bull run within JD stock.</p><p>The company is trying to improve operating leverage with more efficient logistics. It has also eliminated international business and decided to focus on the business in China. The EPS estimates for fiscal 2025 are in a range of $4 to $5 which means the stock is trading at under 7 times the EPS estimate of 2025. The current slowdown in the overall economy will remain a headwind for the company, but it is highly likely that any improvement in macroeconomic situation and lower regulatory challenges will improve the bullish sentiment towards the stock. The company has been investing heavily in logistics for the last few years, which improves its long-term moat.</p><h2 id=\"id_4083535454\">Massive correction in the stock price</h2><p>Increase in geopolitical tensions has negatively affected many Chinese stocks. The lack of a big rebound in China&#39;s economy after the end of pandemic restrictions has also been a headwind for many stocks. However, JD&#39;s stock price has been one of the worst performing within China in YTD.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e2576f873c97c2581acba4d2851513db\" title=\"\" tg-width=\"977\" tg-height=\"403\"/></p><p>Figure 1: JD&#39;s price movement along with Alibaba and PDD in YTD. Source: Ycharts</p><p>The bearish run in JD stock seems due to lower performance in key metrics compared to other competitors. PDD has reported a good result and has beaten analysts estimates for the last few quarters. In the recent quarter, PDD reported 66% revenue growth on a YoY basis. This was significantly above the growth reported by JD. Looking at this metric, we can say that JD is losing market share within its Chinese ecommerce business.</p><h3 id=\"id_245293341\">Turning the ship should not be difficult</h3><p>There have been a number of reasons why JD&#39;s performance has been lower than its peers. JD has moved away from its international business in Southeast Asia. This seems a correct decision because it would have required massive resources for the company to gain a foothold in this region. Alibaba&#39;s (BABA) Lazada is already a key player with massive investments from Alibaba.</p><p>JD has also not reported good results in low-cost ecommerce business called Jingxi. The rapid growth of PDD forced JD to launch its own low-cost option, but this hurt the margins of the company. PDD also has the strong backing of Tencent, which helps in attracting customers. JD is now focusing on its core ecommerce business, which should help in improving the margins. It is highly likely that JD will be able to improve its EPS trajectory by going back to basics in its ecommerce business.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a363edbae9a7be6f81b5963e3cef235b\" title=\"\" tg-width=\"979\" tg-height=\"442\"/></p><p>Figure: EPS trend of JD in the last few quarters. Source: Ycharts</p><p>JD has already shown improvement in EPS over the last few quarters. Improvement in logistics efficiency should help in increasing the EPS for the company and also reduce the need to offer massive incentives to attract customers.</p><h3 id=\"id_4152962579\">Revenue growth is the key</h3><p>JD&#39;s YoY revenue growth fell behind Alibaba in the recent quarter. It is significantly behind PDD&#39;s growth rate. The forward revenue growth estimates of JD are modest, which can reduce the bullish sentiment towards the stock. However, this also makes it easier for the company to beat the estimates and surprise Wall Street. This is what happened in the recent quarter when the company beat the estimates on revenue and EPS.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/898347505a01bb1b289c9b49aaee1f48\" title=\"\" tg-width=\"977\" tg-height=\"426\"/></p><p>Figure: YoY revenue growth and forward revenue estimates. Source: Ycharts</p><p>The international business was a distraction for the management. A strong focus on the Chinese ecommerce business should improve the growth trajectory of JD.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/43e62a02d0bf6a48c2d4af0126af8dd7\" title=\"\" tg-width=\"640\" tg-height=\"278\"/></p><p>Figure: JD&#39;s PS ratio compared to historical trend. Source: Ycharts</p><p>Prior to the pandemic, JD was trading at a PS ratio between 1 and 1.2. The current PS ratio of 0.34 is less than a third of the pre-pandemic average. The regulatory headwinds are reducing in China, which can seen by the recent approval of multiple spinoffs for Alibaba and other companies. It is also highly likely that the Chinese government will need to announce some fiscal measures to boost the flagging economy. This should be a tailwind for JD and allow the company to surpass the consensus estimates.</p><p>Even at a modest PS ratio of 0.6 to 0.8, JD stock could reach $60 which would give the shares over 80% upside potential from the current price. It is also important to note some of the downside risks facing the company.</p><h3 id=\"id_1460367707\">Downside risks for JD</h3><p>There are a few risks that can derail a bullish rally in JD. The company needs to improve its YoY revenue growth trajectory. The overall e-commerce industry in China is still growing at a decent pace. If JD does not deliver revenue growth similar to other peers, then it could lose its market share within e-commerce segment. In the recent quarter, JD reported the lowest YoY revenue growth among the three major e-commerce players. Investors need to closely watch this metric in the next quarter. If JD does not reduce the YoY revenue growth gap with Alibaba and PDD, then we could see more bearish calls for the stock.</p><p>Another downside risk for JD is slower operating margin growth. JD has a massive logistics business, and it has invested heavily in robotics and AI to help improve the operating leverage. Wall Street would closely watch out for the future operating margin trend in the company. In the recent quarter, JD has been able to beat the EPS estimate by reporting net income per ADS of $0.74 compared to an estimate of $0.68. It would be very important for the company to continue outperforming the consensus estimate in order to build a bullish sentiment. While the stock still faces some downside risks, the cheap valuation multiple and above-mentioned tailwinds should help the company.</p><h3 id=\"id_496950138\">Impact on stock price</h3><p>JD stock is trading at its lowest valuation multiple, with a forward PE ratio of close to 10. This is significantly below the long-term average, and we could see a reversion to the mean valuation multiple if JD delivers good results for a single quarter. The regulatory challenges are also reducing, which should help boost the bottom line as the company focuses more on margins instead of social initiatives.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fccc28d1801276c4bd3ba2e0f79fd79b\" title=\"\" tg-width=\"978\" tg-height=\"416\"/></p><p>Figure: Forward PE multiple of JD, BABA and PDD. Source: Ycharts</p><p>The competitive pressure from a rapidly growing PDD will remain in the future, but JD is in a strong position to improve its basic performance metrics. At the current price, Wall Street is pricing the stock with a worst-case scenario. This is highly unlikely if the macroeconomic situation improves in China, and the focus of the management on improving its basic metrics should also help deliver better results in the next few quarters.</p><h2 id=\"id_2121242729\">Investor Takeaway</h2><p>JD&#39;s stock has been one of the worst-performing Chinese stocks in YTD, with a 40% correction. On the other hand, PDD stock has seen a 20% growth in YTD, which shows that some of the issues of JD are company-specific. The management is now focusing on its ecommerce business in China and is trying to improve margins through operating leverage. This should help the company deliver better EPS growth than current estimates.</p><p>Even one or two quarterly beats in key metrics can improve the bullish sentiment towards JD and lead to a significant bullish momentum in the stock. At the current price, there is a strong upside potential in the stock with very few headwinds, making it a good buying option.</p></body></html>","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>JD.com: Good Returns Potential As The Ship Is Turning Around</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\">\nJD.com: Good Returns Potential As The Ship Is Turning Around\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-01 19:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4632341-jdcom-good-returns-potential-as-the-ship-is-turning-around><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>JD.com is down 40% year-to-date compared to positive 6% for Alibaba stock and a 20% jump by Pinduoduo.There have been a number of headwinds for JD.com in this year but the current correction seems to ...</p>\n\n<a href=\"https://seekingalpha.com/article/4632341-jdcom-good-returns-potential-as-the-ship-is-turning-around\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09618":"京东集团-SW","BK4585":"ETF&股票定投概念","BK4575":"芯片概念","BK4509":"腾讯概念","BK4587":"ChatGPT概念","BK4524":"宅经济概念","BK4501":"段永平概念","BK4527":"明星科技股","BK4579":"人工智能","BK4588":"碎股","BK4526":"热门中概股","BK4503":"景林资产持仓","BK4122":"互联网与直销零售","BK4502":"阿里概念","BK4551":"寇图资本持仓","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4504":"桥水持仓","JD":"京东"},"source_url":"https://seekingalpha.com/article/4632341-jdcom-good-returns-potential-as-the-ship-is-turning-around","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2364211991","content_text":"JD.com is down 40% year-to-date compared to positive 6% for Alibaba stock and a 20% jump by Pinduoduo.There have been a number of headwinds for JD.com in this year but the current correction seems to be overdone.The company is working on improving the operating leverage as it gains greater efficiency within logistics.Even modest results in the next few quarters can lead to a bullish run in the stock.The forward pe ratio of JD.com is close to 10 and we could see a significant improvement in valuation multiple by early 2024.JD.com Inc. stock has declined by a staggering 40% year-to-date, while other Chinese stocks have fared better. Some of this decline is due to company-specific issues which include a decline in market share within China as Pinduoduo  has reported a better growth rate. However, the stock correction seems to have been overdone. If the management is able to post even modest results in the next few quarters, we could see a significant bull run within JD stock.The company is trying to improve operating leverage with more efficient logistics. It has also eliminated international business and decided to focus on the business in China. The EPS estimates for fiscal 2025 are in a range of $4 to $5 which means the stock is trading at under 7 times the EPS estimate of 2025. The current slowdown in the overall economy will remain a headwind for the company, but it is highly likely that any improvement in macroeconomic situation and lower regulatory challenges will improve the bullish sentiment towards the stock. The company has been investing heavily in logistics for the last few years, which improves its long-term moat.Massive correction in the stock priceIncrease in geopolitical tensions has negatively affected many Chinese stocks. The lack of a big rebound in China's economy after the end of pandemic restrictions has also been a headwind for many stocks. However, JD's stock price has been one of the worst performing within China in YTD.Figure 1: JD's price movement along with Alibaba and PDD in YTD. Source: YchartsThe bearish run in JD stock seems due to lower performance in key metrics compared to other competitors. PDD has reported a good result and has beaten analysts estimates for the last few quarters. In the recent quarter, PDD reported 66% revenue growth on a YoY basis. This was significantly above the growth reported by JD. Looking at this metric, we can say that JD is losing market share within its Chinese ecommerce business.Turning the ship should not be difficultThere have been a number of reasons why JD's performance has been lower than its peers. JD has moved away from its international business in Southeast Asia. This seems a correct decision because it would have required massive resources for the company to gain a foothold in this region. Alibaba's (BABA) Lazada is already a key player with massive investments from Alibaba.JD has also not reported good results in low-cost ecommerce business called Jingxi. The rapid growth of PDD forced JD to launch its own low-cost option, but this hurt the margins of the company. PDD also has the strong backing of Tencent, which helps in attracting customers. JD is now focusing on its core ecommerce business, which should help in improving the margins. It is highly likely that JD will be able to improve its EPS trajectory by going back to basics in its ecommerce business.Figure: EPS trend of JD in the last few quarters. Source: YchartsJD has already shown improvement in EPS over the last few quarters. Improvement in logistics efficiency should help in increasing the EPS for the company and also reduce the need to offer massive incentives to attract customers.Revenue growth is the keyJD's YoY revenue growth fell behind Alibaba in the recent quarter. It is significantly behind PDD's growth rate. The forward revenue growth estimates of JD are modest, which can reduce the bullish sentiment towards the stock. However, this also makes it easier for the company to beat the estimates and surprise Wall Street. This is what happened in the recent quarter when the company beat the estimates on revenue and EPS.Figure: YoY revenue growth and forward revenue estimates. Source: YchartsThe international business was a distraction for the management. A strong focus on the Chinese ecommerce business should improve the growth trajectory of JD.Figure: JD's PS ratio compared to historical trend. Source: YchartsPrior to the pandemic, JD was trading at a PS ratio between 1 and 1.2. The current PS ratio of 0.34 is less than a third of the pre-pandemic average. The regulatory headwinds are reducing in China, which can seen by the recent approval of multiple spinoffs for Alibaba and other companies. It is also highly likely that the Chinese government will need to announce some fiscal measures to boost the flagging economy. This should be a tailwind for JD and allow the company to surpass the consensus estimates.Even at a modest PS ratio of 0.6 to 0.8, JD stock could reach $60 which would give the shares over 80% upside potential from the current price. It is also important to note some of the downside risks facing the company.Downside risks for JDThere are a few risks that can derail a bullish rally in JD. The company needs to improve its YoY revenue growth trajectory. The overall e-commerce industry in China is still growing at a decent pace. If JD does not deliver revenue growth similar to other peers, then it could lose its market share within e-commerce segment. In the recent quarter, JD reported the lowest YoY revenue growth among the three major e-commerce players. Investors need to closely watch this metric in the next quarter. If JD does not reduce the YoY revenue growth gap with Alibaba and PDD, then we could see more bearish calls for the stock.Another downside risk for JD is slower operating margin growth. JD has a massive logistics business, and it has invested heavily in robotics and AI to help improve the operating leverage. Wall Street would closely watch out for the future operating margin trend in the company. In the recent quarter, JD has been able to beat the EPS estimate by reporting net income per ADS of $0.74 compared to an estimate of $0.68. It would be very important for the company to continue outperforming the consensus estimate in order to build a bullish sentiment. While the stock still faces some downside risks, the cheap valuation multiple and above-mentioned tailwinds should help the company.Impact on stock priceJD stock is trading at its lowest valuation multiple, with a forward PE ratio of close to 10. This is significantly below the long-term average, and we could see a reversion to the mean valuation multiple if JD delivers good results for a single quarter. The regulatory challenges are also reducing, which should help boost the bottom line as the company focuses more on margins instead of social initiatives.Figure: Forward PE multiple of JD, BABA and PDD. Source: YchartsThe competitive pressure from a rapidly growing PDD will remain in the future, but JD is in a strong position to improve its basic performance metrics. At the current price, Wall Street is pricing the stock with a worst-case scenario. This is highly unlikely if the macroeconomic situation improves in China, and the focus of the management on improving its basic metrics should also help deliver better results in the next few quarters.Investor TakeawayJD's stock has been one of the worst-performing Chinese stocks in YTD, with a 40% correction. On the other hand, PDD stock has seen a 20% growth in YTD, which shows that some of the issues of JD are company-specific. The management is now focusing on its ecommerce business in China and is trying to improve margins through operating leverage. This should help the company deliver better EPS growth than current estimates.Even one or two quarterly beats in key metrics can improve the bullish sentiment towards JD and lead to a significant bullish momentum in the stock. At the current price, there is a strong upside potential in the stock with very few headwinds, making it a good buying option.","news_type":1},"isVote":1,"tweetType":1,"viewCount":145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":208814562255072,"gmtCreate":1692003972175,"gmtModify":1692003975575,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"deep blue sea.... buy when low🙏🙏","listText":"deep blue sea.... buy when low🙏🙏","text":"deep blue sea.... buy when low🙏🙏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/208814562255072","repostId":"2359798580","repostType":2,"repost":{"id":"2359798580","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1692000300,"share":"https://ttm.financial/m/news/2359798580?lang=&edition=fundamental","pubTime":"2023-08-14 16:05","market":"us","language":"en","title":"A Stumbling Stock Market Faces a Crucial Summer Test","url":"https://stock-news.laohu8.com/highlight/detail?id=2359798580","media":"Dow Jones","summary":"Call it the end-of-summer blues.Stock-market bulls face a late summer storm.History shows that things can get ugly — and volatile — for the U.S. stock market in August and September. So a rocky start to the month shouldn’t be a big surprise. Indeed, even bulls might pine for some near-term consolidation after a torrid run that saw the S&P 500 index rally nearly 20% over the first seven months of 2023. Through Friday’s close, the index is still up nearly 25% from its bear-market closing low of 3,","content":"<html><head></head><body><p style=\"text-align: start;\">Call it the end-of-summer blues.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0bf326442be8a20ca80f2e25cff24366\" alt=\"Stock-market bulls face a late summer storm.\" title=\"Stock-market bulls face a late summer storm.\" tg-width=\"700\" tg-height=\"487\"/><span>Stock-market bulls face a late summer storm.</span></p><p style=\"text-align: start;\">History shows that things can get ugly — and volatile — for the U.S. stock market in August and September. So a rocky start to the month shouldn’t be a big surprise. Indeed, even bulls might pine for some near-term consolidation after a torrid run that saw the S&amp;P 500 index rally nearly 20% over the first seven months of 2023. Through Friday’s close, the index is still up nearly 25% from its bear-market closing low of 3,577.03 hit on Oct. 12.</p><p>But what would send the 2023 rally decisively off the rails?</p><p>To answer that question, it helps to think about what has been driving the rally. Mark Hackett, chief of investment research at Nationwide, argues that the rally has largely been about fears that never materialized.</p><p>“I would say about 90% of the move that we’ve seen over the last 10 months has really been a walking back from the ledge of fear,” Hackett told MarketWatch, in a phone interview.</p><p>The October 2022 lows came as the Federal Reserve was hiking the fed-funds rate in outsize 75 basis point increments, inflation was just coming off its June peak last year above 9% and expectations for an imminent recession, or “hard landing,” were running hot.</p><p>Tom Essaye, founder of Sevens Report Research, contends the rally has been built on three pillars: The Fed is now seen by many investors as likely finished, or nearly finished, raising interest rates; the economy appears set to possibly avert a recession altogether, and inflation has remained largely on a downward path.</p><p style=\"text-align: start;\">So trouble for the market would emerge if economic data were to falter and begin pointing to a hard landing, core inflation leveled off or bounced, or Fed Chair Jerome Powell signaled another rate hike is “definitely coming” and caused a further rise in Treasury yields.</p><p style=\"text-align: start;\">“This scenario would essentially undermine the three pillars of the rally, and as such investors should expect a substantial decline in stocks, even considering the recent pullback,” Essaye said in a note last week. “In fact, a decline of much more than 10% would be likely in this scenario, as it would undermine most of the rationale for the gains in stocks since June (and perhaps all of 2023).”</p><p style=\"text-align: start;\">That scenario has yet to materialize.</p><p style=\"text-align: start;\">The year-over-year rate of inflation as measured by the U.S. consumer price index rose to 3.2% in July from 3% in June, data showed last week. But the core rate, which strips out food and energy, slowed to 4.7% from 4.8%. The July producer price index, a measure of costs at the wholesale level, came in a touch stronger than expected, but didn’t change investor expectations for the Federal Reserve to leave rates unchanged when policy makers next meet in September.</p><p style=\"text-align: start;\">Policy makers will see another round of jobs data, including the August employment report, and inflation figures before that meeting.</p><p style=\"text-align: start;\">Meanwhile, a jump in Treasury yields, with the rate on the 10-year note pushing back above 4.15% after hitting a 2023 high near 4.2% earlier this month, is getting much of the blame for continued softness in the stock market. Rising yields can make Treasurys look more attractive than other assets and also raise the cost of financing for companies.</p><p style=\"text-align: start;\">The S&amp;P 500 edged down 0.3% last week, suffering its first back-to-back weekly decline since May. The large-cap benchmark is down 2.7% so far in August, trimming its year-to-date gain to 16.3%. The Dow Jones Industrial Average rose 0.6%, while the Nasdaq Composite shed 1.9%.</p><p>A lack of obvious near-term catalysts could set the stage for the market to further struggle. A light week lies ahead for U.S. economic data, featuring July retail sales on Monday and the release of the minutes of the Fed’s July meeting on Wednesday.</p><p style=\"text-align: start;\">A slew of major retailers are set to deliver results as the second quarter earnings reporting season enters its final stretch.</p><p style=\"text-align: start;\">Nationwide’s Hackett said the market setup coming into August was nearly a mirror image of October’s gloomfest. Hedge funds and other large investors are no longer betting against the market, while longtime bears and pessimistic economists are throwing in the towel and issuing mea culpas.</p><p style=\"text-align: start;\">Stocks have rallied since late last year as fears priced into the market didn’t materialize, but now that dynamic is gone.</p><p>Just as overwhelming pessimism set the stage for the market rally, widespread optimism over a “Goldilocks” scenario of falling inflation, a tame Fed and solid economic growth could eventually spell trouble for the bulls, Hackett said. Expectations don’t yet appear that extreme, but bear watching, he said.</p><p style=\"text-align: start;\">Meanwhile, investors also face seasonal concerns. August is historically a middling month for the S&amp;P 500, producing an average gain of 0.67% based on data going back to 1928, according to Dow Jones Market Data. That makes August the fifth-worst performing month for the S&amp;P 500. September is the worst performing month, producing an average downturn of 1.1%.</p><p style=\"text-align: start;\">For the Dow Jones Industrial Average, August has seen an average return of negative 0.8% since 1986, making it the worst performing month for the blue-chip gauge. In the decades before 1986, August was the blue-chip gauge’s best month.</p><p>And then there’s volatility.</p><p style=\"text-align: start;\">Going back to 1990, the Cboe Volatility Index, known as the VIX, has seen its yearly peak most often in January (six times), followed by August and October at five times each, noted Jessica Rabe, co-founder of DataTrek Research, in a note last week.</p><p>By that measure, investors are now in the middle of one of the most volatile months of the year with still another to come in October.</p><p style=\"text-align: start;\">“U.S. equities tend to outperform during calmer environments, so it makes sense that they rallied in July, but are struggling so far in August,” Rabe said. “The upshot: seasonal trends say U.S. equities could prove whippy through October until quieting down during the last two months of the year.”</p><p style=\"text-align: start;\">Hackett doesn’t expect the bull market to come off the rails, but sees scope for some near-term consolidation that will likely prove healthy over the long run.</p><p style=\"text-align: start;\">“It’s something that you don’t want to try to be too cute with because I don’t see the market as being really susceptible to a significant period of pain. I think it’s just a pretty natural, pretty healthy consolidation phase,” he said.</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>A Stumbling Stock Market Faces a Crucial Summer Test</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\">\nA Stumbling Stock Market Faces a Crucial Summer Test\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-08-14 16:05</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Call it the end-of-summer blues.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0bf326442be8a20ca80f2e25cff24366\" alt=\"Stock-market bulls face a late summer storm.\" title=\"Stock-market bulls face a late summer storm.\" tg-width=\"700\" tg-height=\"487\"/><span>Stock-market bulls face a late summer storm.</span></p><p style=\"text-align: start;\">History shows that things can get ugly — and volatile — for the U.S. stock market in August and September. So a rocky start to the month shouldn’t be a big surprise. Indeed, even bulls might pine for some near-term consolidation after a torrid run that saw the S&amp;P 500 index rally nearly 20% over the first seven months of 2023. Through Friday’s close, the index is still up nearly 25% from its bear-market closing low of 3,577.03 hit on Oct. 12.</p><p>But what would send the 2023 rally decisively off the rails?</p><p>To answer that question, it helps to think about what has been driving the rally. Mark Hackett, chief of investment research at Nationwide, argues that the rally has largely been about fears that never materialized.</p><p>“I would say about 90% of the move that we’ve seen over the last 10 months has really been a walking back from the ledge of fear,” Hackett told MarketWatch, in a phone interview.</p><p>The October 2022 lows came as the Federal Reserve was hiking the fed-funds rate in outsize 75 basis point increments, inflation was just coming off its June peak last year above 9% and expectations for an imminent recession, or “hard landing,” were running hot.</p><p>Tom Essaye, founder of Sevens Report Research, contends the rally has been built on three pillars: The Fed is now seen by many investors as likely finished, or nearly finished, raising interest rates; the economy appears set to possibly avert a recession altogether, and inflation has remained largely on a downward path.</p><p style=\"text-align: start;\">So trouble for the market would emerge if economic data were to falter and begin pointing to a hard landing, core inflation leveled off or bounced, or Fed Chair Jerome Powell signaled another rate hike is “definitely coming” and caused a further rise in Treasury yields.</p><p style=\"text-align: start;\">“This scenario would essentially undermine the three pillars of the rally, and as such investors should expect a substantial decline in stocks, even considering the recent pullback,” Essaye said in a note last week. “In fact, a decline of much more than 10% would be likely in this scenario, as it would undermine most of the rationale for the gains in stocks since June (and perhaps all of 2023).”</p><p style=\"text-align: start;\">That scenario has yet to materialize.</p><p style=\"text-align: start;\">The year-over-year rate of inflation as measured by the U.S. consumer price index rose to 3.2% in July from 3% in June, data showed last week. But the core rate, which strips out food and energy, slowed to 4.7% from 4.8%. The July producer price index, a measure of costs at the wholesale level, came in a touch stronger than expected, but didn’t change investor expectations for the Federal Reserve to leave rates unchanged when policy makers next meet in September.</p><p style=\"text-align: start;\">Policy makers will see another round of jobs data, including the August employment report, and inflation figures before that meeting.</p><p style=\"text-align: start;\">Meanwhile, a jump in Treasury yields, with the rate on the 10-year note pushing back above 4.15% after hitting a 2023 high near 4.2% earlier this month, is getting much of the blame for continued softness in the stock market. Rising yields can make Treasurys look more attractive than other assets and also raise the cost of financing for companies.</p><p style=\"text-align: start;\">The S&amp;P 500 edged down 0.3% last week, suffering its first back-to-back weekly decline since May. The large-cap benchmark is down 2.7% so far in August, trimming its year-to-date gain to 16.3%. The Dow Jones Industrial Average rose 0.6%, while the Nasdaq Composite shed 1.9%.</p><p>A lack of obvious near-term catalysts could set the stage for the market to further struggle. A light week lies ahead for U.S. economic data, featuring July retail sales on Monday and the release of the minutes of the Fed’s July meeting on Wednesday.</p><p style=\"text-align: start;\">A slew of major retailers are set to deliver results as the second quarter earnings reporting season enters its final stretch.</p><p style=\"text-align: start;\">Nationwide’s Hackett said the market setup coming into August was nearly a mirror image of October’s gloomfest. Hedge funds and other large investors are no longer betting against the market, while longtime bears and pessimistic economists are throwing in the towel and issuing mea culpas.</p><p style=\"text-align: start;\">Stocks have rallied since late last year as fears priced into the market didn’t materialize, but now that dynamic is gone.</p><p>Just as overwhelming pessimism set the stage for the market rally, widespread optimism over a “Goldilocks” scenario of falling inflation, a tame Fed and solid economic growth could eventually spell trouble for the bulls, Hackett said. Expectations don’t yet appear that extreme, but bear watching, he said.</p><p style=\"text-align: start;\">Meanwhile, investors also face seasonal concerns. August is historically a middling month for the S&amp;P 500, producing an average gain of 0.67% based on data going back to 1928, according to Dow Jones Market Data. That makes August the fifth-worst performing month for the S&amp;P 500. September is the worst performing month, producing an average downturn of 1.1%.</p><p style=\"text-align: start;\">For the Dow Jones Industrial Average, August has seen an average return of negative 0.8% since 1986, making it the worst performing month for the blue-chip gauge. In the decades before 1986, August was the blue-chip gauge’s best month.</p><p>And then there’s volatility.</p><p style=\"text-align: start;\">Going back to 1990, the Cboe Volatility Index, known as the VIX, has seen its yearly peak most often in January (six times), followed by August and October at five times each, noted Jessica Rabe, co-founder of DataTrek Research, in a note last week.</p><p>By that measure, investors are now in the middle of one of the most volatile months of the year with still another to come in October.</p><p style=\"text-align: start;\">“U.S. equities tend to outperform during calmer environments, so it makes sense that they rallied in July, but are struggling so far in August,” Rabe said. “The upshot: seasonal trends say U.S. equities could prove whippy through October until quieting down during the last two months of the year.”</p><p style=\"text-align: start;\">Hackett doesn’t expect the bull market to come off the rails, but sees scope for some near-term consolidation that will likely prove healthy over the long run.</p><p style=\"text-align: start;\">“It’s something that you don’t want to try to be too cute with because I don’t see the market as being really susceptible to a significant period of pain. I think it’s just a pretty natural, pretty healthy consolidation phase,” he said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","BK4585":"ETF&股票定投概念","BK4559":"巴菲特持仓","BK4534":"瑞士信贷持仓",".IXIC":"NASDAQ Composite","BK4550":"红杉资本持仓","BK4588":"碎股","BK4504":"桥水持仓",".DJI":"道琼斯","BK4581":"高盛持仓"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2359798580","content_text":"Call it the end-of-summer blues.Stock-market bulls face a late summer storm.History shows that things can get ugly — and volatile — for the U.S. stock market in August and September. So a rocky start to the month shouldn’t be a big surprise. Indeed, even bulls might pine for some near-term consolidation after a torrid run that saw the S&P 500 index rally nearly 20% over the first seven months of 2023. Through Friday’s close, the index is still up nearly 25% from its bear-market closing low of 3,577.03 hit on Oct. 12.But what would send the 2023 rally decisively off the rails?To answer that question, it helps to think about what has been driving the rally. Mark Hackett, chief of investment research at Nationwide, argues that the rally has largely been about fears that never materialized.“I would say about 90% of the move that we’ve seen over the last 10 months has really been a walking back from the ledge of fear,” Hackett told MarketWatch, in a phone interview.The October 2022 lows came as the Federal Reserve was hiking the fed-funds rate in outsize 75 basis point increments, inflation was just coming off its June peak last year above 9% and expectations for an imminent recession, or “hard landing,” were running hot.Tom Essaye, founder of Sevens Report Research, contends the rally has been built on three pillars: The Fed is now seen by many investors as likely finished, or nearly finished, raising interest rates; the economy appears set to possibly avert a recession altogether, and inflation has remained largely on a downward path.So trouble for the market would emerge if economic data were to falter and begin pointing to a hard landing, core inflation leveled off or bounced, or Fed Chair Jerome Powell signaled another rate hike is “definitely coming” and caused a further rise in Treasury yields.“This scenario would essentially undermine the three pillars of the rally, and as such investors should expect a substantial decline in stocks, even considering the recent pullback,” Essaye said in a note last week. “In fact, a decline of much more than 10% would be likely in this scenario, as it would undermine most of the rationale for the gains in stocks since June (and perhaps all of 2023).”That scenario has yet to materialize.The year-over-year rate of inflation as measured by the U.S. consumer price index rose to 3.2% in July from 3% in June, data showed last week. But the core rate, which strips out food and energy, slowed to 4.7% from 4.8%. The July producer price index, a measure of costs at the wholesale level, came in a touch stronger than expected, but didn’t change investor expectations for the Federal Reserve to leave rates unchanged when policy makers next meet in September.Policy makers will see another round of jobs data, including the August employment report, and inflation figures before that meeting.Meanwhile, a jump in Treasury yields, with the rate on the 10-year note pushing back above 4.15% after hitting a 2023 high near 4.2% earlier this month, is getting much of the blame for continued softness in the stock market. Rising yields can make Treasurys look more attractive than other assets and also raise the cost of financing for companies.The S&P 500 edged down 0.3% last week, suffering its first back-to-back weekly decline since May. The large-cap benchmark is down 2.7% so far in August, trimming its year-to-date gain to 16.3%. The Dow Jones Industrial Average rose 0.6%, while the Nasdaq Composite shed 1.9%.A lack of obvious near-term catalysts could set the stage for the market to further struggle. A light week lies ahead for U.S. economic data, featuring July retail sales on Monday and the release of the minutes of the Fed’s July meeting on Wednesday.A slew of major retailers are set to deliver results as the second quarter earnings reporting season enters its final stretch.Nationwide’s Hackett said the market setup coming into August was nearly a mirror image of October’s gloomfest. Hedge funds and other large investors are no longer betting against the market, while longtime bears and pessimistic economists are throwing in the towel and issuing mea culpas.Stocks have rallied since late last year as fears priced into the market didn’t materialize, but now that dynamic is gone.Just as overwhelming pessimism set the stage for the market rally, widespread optimism over a “Goldilocks” scenario of falling inflation, a tame Fed and solid economic growth could eventually spell trouble for the bulls, Hackett said. Expectations don’t yet appear that extreme, but bear watching, he said.Meanwhile, investors also face seasonal concerns. August is historically a middling month for the S&P 500, producing an average gain of 0.67% based on data going back to 1928, according to Dow Jones Market Data. That makes August the fifth-worst performing month for the S&P 500. September is the worst performing month, producing an average downturn of 1.1%.For the Dow Jones Industrial Average, August has seen an average return of negative 0.8% since 1986, making it the worst performing month for the blue-chip gauge. In the decades before 1986, August was the blue-chip gauge’s best month.And then there’s volatility.Going back to 1990, the Cboe Volatility Index, known as the VIX, has seen its yearly peak most often in January (six times), followed by August and October at five times each, noted Jessica Rabe, co-founder of DataTrek Research, in a note last week.By that measure, investors are now in the middle of one of the most volatile months of the year with still another to come in October.“U.S. equities tend to outperform during calmer environments, so it makes sense that they rallied in July, but are struggling so far in August,” Rabe said. “The upshot: seasonal trends say U.S. equities could prove whippy through October until quieting down during the last two months of the year.”Hackett doesn’t expect the bull market to come off the rails, but sees scope for some near-term consolidation that will likely prove healthy over the long run.“It’s something that you don’t want to try to be too cute with because I don’t see the market as being really susceptible to a significant period of pain. I think it’s just a pretty natural, pretty healthy consolidation phase,” he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":205425965703320,"gmtCreate":1691162361337,"gmtModify":1691162364775,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"When you buy, the price will come down.... cos others letting it go..... another 48 to 72 hrs.... this article will take effect. So wait a while before you decided to buy in. Thank you.&nbsp;","listText":"When you buy, the price will come down.... cos others letting it go..... another 48 to 72 hrs.... this article will take effect. So wait a while before you decided to buy in. Thank you.&nbsp;","text":"When you buy, the price will come down.... cos others letting it go..... another 48 to 72 hrs.... this article will take effect. So wait a while before you decided to buy in. Thank you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/205425965703320","repostId":"1114910606","repostType":2,"repost":{"id":"1114910606","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":1691162114,"share":"https://ttm.financial/m/news/1114910606?lang=&edition=fundamental","pubTime":"2023-08-04 23:15","market":"us","language":"en","title":"AMD Stock Gains 3% in Morning Trading. Analyst Sees an a \"Best Positioned\" AI Play.","url":"https://stock-news.laohu8.com/highlight/detail?id=1114910606","media":"Tiger Newspress","summary":"Advanced Micro Devices Inc. shares took a hit after earnings as analysts posed questions about the company's artificial-intelligence timeline, but perhaps the company is in a better spot to take advan","content":"<html><head></head><body><p>Advanced Micro Devices Inc. shares took a hit after earnings as analysts posed questions about the company&#39;s artificial-intelligence timeline, but perhaps the company is in a better spot to take advantage of AI than others are letting on.</p><p>Benchmark analyst Cody Acree, who has a buy rating and fresh $145 price target on AMD&#39;s stock, said in a recent note that he believes the chip maker is &#34;among the best positioned companies to benefit from the tech sector&#39;s broad macro-economic adoption&#34; of AI.</p><p>AMD shares are up 3.18% in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ee06f6a7a3247ced4e2466260f417aa1\" tg-width=\"800\" tg-height=\"629\"/></p><p>Advanced Micro Devices Inc. shares took a hit after earnings as analysts posed questions about the company&#39;s artificial-intelligence timeline, but perhaps the company is in a better spot to take advantage of AI than others are letting on.</p><p>Benchmark analyst Cody Acree, who has a buy rating and fresh $145 price target on AMD&#39;s stock <a href=\"https://laohu8.com/S/AMD\">$(AMD)$</a>, said in a recent note that he believes the chip maker is &#34;among the best positioned companies to benefit from the tech sector&#39;s broad macro-economic adoption&#34; of AI.</p><p>Meanwhile, AMD on Thursday announced two new additions to its Radeon line of graphics cards: the Pro W7600 and the Pro W7500 workstation GPUs, designed to accelerate workloads in the media, entertainment, and design industries.</p><p>Acree&#39;s note comes as some analysts have wondered whether expectations for AMD this year are too high in light of the company&#39;s latest earnings report and commentary. Nvidia Corp. (NVDA), which is expected to be the biggest hardware beneficiary from AI, is scheduled to report earnings, along with sales of new AI data center products, on Aug. 23.</p><p>AMD shares sold off 7% Wednesday after the company&#39;s earnings report but rallied 3.5% on Thursday.</p><p>&#34;While the data regarding the supply &amp; demand balance of the PC/laptop &amp; server markets continue to be mixed, we believe the worst of the semiconductor industry&#39;s cyclical correction is now passed, with most of the excess component and finished goods channel inventory having corrected during the first half of this year, which we expect will lead to an upward bias to Street earnings forecasts throughout the remainder of this earnings season,&#34; Acree said.</p><p>Slated for release later this year, the Pro W7600, which has 64 AI accelerators, is priced at $599, while the Pro W7500, with 56 AI accelerators, is listed at $429, AMD said. Both cards run on AMD&#39;s RDNA 3 chip architecture.</p><p>&#34;Further accentuating our belief that the chip industry&#39;s cyclical bottom has already been seen, AMD is expecting its data center and client segments to grow at a double-digit pace,&#34; Acree noted, offsetting declines in its gaming and embedded segments.</p><p>Of the 45 analysts surveyed by FactSet, 30 have buy-grade ratings, and 15 have hold ratings, with an average target price of $140.52.</p><p>AMD shares are up 76% year to date, compared with a 46% gain by the PHLX Semiconductor Index , a 17% gain by the S&amp;P 500 and a 46% gain by the tech-heavy Nasdaq Composite Index . Meanwhile, shares of Nvidia, which is expected to benefit the most out of AI, are up 205% year to date.</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>AMD Stock Gains 3% in Morning Trading. Analyst Sees an a \"Best Positioned\" AI Play.</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\">\nAMD Stock Gains 3% in Morning Trading. Analyst Sees an a \"Best Positioned\" AI Play.\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\">2023-08-04 23:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Advanced Micro Devices Inc. shares took a hit after earnings as analysts posed questions about the company&#39;s artificial-intelligence timeline, but perhaps the company is in a better spot to take advantage of AI than others are letting on.</p><p>Benchmark analyst Cody Acree, who has a buy rating and fresh $145 price target on AMD&#39;s stock, said in a recent note that he believes the chip maker is &#34;among the best positioned companies to benefit from the tech sector&#39;s broad macro-economic adoption&#34; of AI.</p><p>AMD shares are up 3.18% in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ee06f6a7a3247ced4e2466260f417aa1\" tg-width=\"800\" tg-height=\"629\"/></p><p>Advanced Micro Devices Inc. shares took a hit after earnings as analysts posed questions about the company&#39;s artificial-intelligence timeline, but perhaps the company is in a better spot to take advantage of AI than others are letting on.</p><p>Benchmark analyst Cody Acree, who has a buy rating and fresh $145 price target on AMD&#39;s stock <a href=\"https://laohu8.com/S/AMD\">$(AMD)$</a>, said in a recent note that he believes the chip maker is &#34;among the best positioned companies to benefit from the tech sector&#39;s broad macro-economic adoption&#34; of AI.</p><p>Meanwhile, AMD on Thursday announced two new additions to its Radeon line of graphics cards: the Pro W7600 and the Pro W7500 workstation GPUs, designed to accelerate workloads in the media, entertainment, and design industries.</p><p>Acree&#39;s note comes as some analysts have wondered whether expectations for AMD this year are too high in light of the company&#39;s latest earnings report and commentary. Nvidia Corp. (NVDA), which is expected to be the biggest hardware beneficiary from AI, is scheduled to report earnings, along with sales of new AI data center products, on Aug. 23.</p><p>AMD shares sold off 7% Wednesday after the company&#39;s earnings report but rallied 3.5% on Thursday.</p><p>&#34;While the data regarding the supply &amp; demand balance of the PC/laptop &amp; server markets continue to be mixed, we believe the worst of the semiconductor industry&#39;s cyclical correction is now passed, with most of the excess component and finished goods channel inventory having corrected during the first half of this year, which we expect will lead to an upward bias to Street earnings forecasts throughout the remainder of this earnings season,&#34; Acree said.</p><p>Slated for release later this year, the Pro W7600, which has 64 AI accelerators, is priced at $599, while the Pro W7500, with 56 AI accelerators, is listed at $429, AMD said. Both cards run on AMD&#39;s RDNA 3 chip architecture.</p><p>&#34;Further accentuating our belief that the chip industry&#39;s cyclical bottom has already been seen, AMD is expecting its data center and client segments to grow at a double-digit pace,&#34; Acree noted, offsetting declines in its gaming and embedded segments.</p><p>Of the 45 analysts surveyed by FactSet, 30 have buy-grade ratings, and 15 have hold ratings, with an average target price of $140.52.</p><p>AMD shares are up 76% year to date, compared with a 46% gain by the PHLX Semiconductor Index , a 17% gain by the S&amp;P 500 and a 46% gain by the tech-heavy Nasdaq Composite Index . Meanwhile, shares of Nvidia, which is expected to benefit the most out of AI, are up 205% year to date.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114910606","content_text":"Advanced Micro Devices Inc. shares took a hit after earnings as analysts posed questions about the company's artificial-intelligence timeline, but perhaps the company is in a better spot to take advantage of AI than others are letting on.Benchmark analyst Cody Acree, who has a buy rating and fresh $145 price target on AMD's stock, said in a recent note that he believes the chip maker is \"among the best positioned companies to benefit from the tech sector's broad macro-economic adoption\" of AI.AMD shares are up 3.18% in morning trading.Advanced Micro Devices Inc. shares took a hit after earnings as analysts posed questions about the company's artificial-intelligence timeline, but perhaps the company is in a better spot to take advantage of AI than others are letting on.Benchmark analyst Cody Acree, who has a buy rating and fresh $145 price target on AMD's stock $(AMD)$, said in a recent note that he believes the chip maker is \"among the best positioned companies to benefit from the tech sector's broad macro-economic adoption\" of AI.Meanwhile, AMD on Thursday announced two new additions to its Radeon line of graphics cards: the Pro W7600 and the Pro W7500 workstation GPUs, designed to accelerate workloads in the media, entertainment, and design industries.Acree's note comes as some analysts have wondered whether expectations for AMD this year are too high in light of the company's latest earnings report and commentary. Nvidia Corp. (NVDA), which is expected to be the biggest hardware beneficiary from AI, is scheduled to report earnings, along with sales of new AI data center products, on Aug. 23.AMD shares sold off 7% Wednesday after the company's earnings report but rallied 3.5% on Thursday.\"While the data regarding the supply & demand balance of the PC/laptop & server markets continue to be mixed, we believe the worst of the semiconductor industry's cyclical correction is now passed, with most of the excess component and finished goods channel inventory having corrected during the first half of this year, which we expect will lead to an upward bias to Street earnings forecasts throughout the remainder of this earnings season,\" Acree said.Slated for release later this year, the Pro W7600, which has 64 AI accelerators, is priced at $599, while the Pro W7500, with 56 AI accelerators, is listed at $429, AMD said. Both cards run on AMD's RDNA 3 chip architecture.\"Further accentuating our belief that the chip industry's cyclical bottom has already been seen, AMD is expecting its data center and client segments to grow at a double-digit pace,\" Acree noted, offsetting declines in its gaming and embedded segments.Of the 45 analysts surveyed by FactSet, 30 have buy-grade ratings, and 15 have hold ratings, with an average target price of $140.52.AMD shares are up 76% year to date, compared with a 46% gain by the PHLX Semiconductor Index , a 17% gain by the S&P 500 and a 46% gain by the tech-heavy Nasdaq Composite Index . Meanwhile, shares of Nvidia, which is expected to benefit the most out of AI, are up 205% year to date.","news_type":1},"isVote":1,"tweetType":1,"viewCount":70,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":204214697853176,"gmtCreate":1690879601765,"gmtModify":1690879605416,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"If down, supporting level at $112.83.&nbsp;","listText":"If down, supporting level at $112.83.&nbsp;","text":"If down, supporting level at $112.83.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/204214697853176","repostId":"1161534678","repostType":4,"repost":{"id":"1161534678","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1690874858,"share":"https://ttm.financial/m/news/1161534678?lang=&edition=fundamental","pubTime":"2023-08-01 15:27","market":"us","language":"en","title":"AMD Chips Face Challenges. Why the Stock Is Still a Buy Ahead of Earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=1161534678","media":"Dow Jones","summary":"Advanced Micro Devices could have a bumpy couple of quarters, but there is a long-term reason to be optimistic about the stock: the potential for its artificial intelligence chips.AMD (ticker: AMD) re","content":"<html><head></head><body><p>Advanced Micro Devices could have a bumpy couple of quarters, but there is a long-term reason to be optimistic about the stock: the potential for its artificial intelligence chips.</p><p style=\"text-align: start;\">AMD (ticker: AMD) reports its second-quarter results after the close of trading on Tuesday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/1c3424ae663acbb51fe20cb1fbad12b9\" alt=\"AMD and Intel make the processors that act as the main computing brains for personal computers.\" title=\"AMD and Intel make the processors that act as the main computing brains for personal computers.\" tg-width=\"639\" tg-height=\"426\"/><span>AMD and Intel make the processors that act as the main computing brains for personal computers.</span></p><p>Susquehanna analyst Christopher Rolland is telling AMD investors to appreciate the chip maker’s long-term opportunities in AI chips even as he warns of near-term “headwinds.”</p><p>The Wall Street consensus estimate is that AMD will report revenue of $5.3 billion with adjusted earnings per share of 57 cents for the June quarter. Analysts’ estimates for the current quarter are for $5.8 billion in revenue and EPS of 73 cents.</p><p>On Monday, Rolland reaffirmed his Positive rating on AMD stock, but lowered his target for the stock price to $135 from $145.</p><p>“AMD faces a number of near-term headwinds and an elevated DC [data center] expectation, putting Street estimates at risk,” he wrote. “However, longer term we love the server gain and MI300 [next AI chip] opportunities.”</p><p>AMD and Intel use the x86 chip architecture in making the processors that act as the main computing brains for PCs and servers.</p><p>The analyst noted Intel’s muted outlook for its data center business for the September quarter, citing inventory issues, a lackluster rebound in China and weak demand from enterprises. He also expects AMD’s gaming console segment to slow later this year.</p><p>“We note risks to the 2H [second half] guide as the bar was set high, and checks suggest something less than perfection,” he wrote.</p><p>But Rolland still believes shareholders should focus on AMD’s prospects in the AI semiconductor area, sparked by the launch of its MI300 near the end of this year.</p><p>MI300 is AMD’s coming data center graphics processing unit. It will be suited for AI projects and is scheduled for release later this year.</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>AMD Chips Face Challenges. Why the Stock Is Still a Buy Ahead of Earnings</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\">\nAMD Chips Face Challenges. Why the Stock Is Still a Buy Ahead of Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-08-01 15:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Advanced Micro Devices could have a bumpy couple of quarters, but there is a long-term reason to be optimistic about the stock: the potential for its artificial intelligence chips.</p><p style=\"text-align: start;\">AMD (ticker: AMD) reports its second-quarter results after the close of trading on Tuesday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/1c3424ae663acbb51fe20cb1fbad12b9\" alt=\"AMD and Intel make the processors that act as the main computing brains for personal computers.\" title=\"AMD and Intel make the processors that act as the main computing brains for personal computers.\" tg-width=\"639\" tg-height=\"426\"/><span>AMD and Intel make the processors that act as the main computing brains for personal computers.</span></p><p>Susquehanna analyst Christopher Rolland is telling AMD investors to appreciate the chip maker’s long-term opportunities in AI chips even as he warns of near-term “headwinds.”</p><p>The Wall Street consensus estimate is that AMD will report revenue of $5.3 billion with adjusted earnings per share of 57 cents for the June quarter. Analysts’ estimates for the current quarter are for $5.8 billion in revenue and EPS of 73 cents.</p><p>On Monday, Rolland reaffirmed his Positive rating on AMD stock, but lowered his target for the stock price to $135 from $145.</p><p>“AMD faces a number of near-term headwinds and an elevated DC [data center] expectation, putting Street estimates at risk,” he wrote. “However, longer term we love the server gain and MI300 [next AI chip] opportunities.”</p><p>AMD and Intel use the x86 chip architecture in making the processors that act as the main computing brains for PCs and servers.</p><p>The analyst noted Intel’s muted outlook for its data center business for the September quarter, citing inventory issues, a lackluster rebound in China and weak demand from enterprises. He also expects AMD’s gaming console segment to slow later this year.</p><p>“We note risks to the 2H [second half] guide as the bar was set high, and checks suggest something less than perfection,” he wrote.</p><p>But Rolland still believes shareholders should focus on AMD’s prospects in the AI semiconductor area, sparked by the launch of its MI300 near the end of this year.</p><p>MI300 is AMD’s coming data center graphics processing unit. It will be suited for AI projects and is scheduled for release later this year.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161534678","content_text":"Advanced Micro Devices could have a bumpy couple of quarters, but there is a long-term reason to be optimistic about the stock: the potential for its artificial intelligence chips.AMD (ticker: AMD) reports its second-quarter results after the close of trading on Tuesday.AMD and Intel make the processors that act as the main computing brains for personal computers.Susquehanna analyst Christopher Rolland is telling AMD investors to appreciate the chip maker’s long-term opportunities in AI chips even as he warns of near-term “headwinds.”The Wall Street consensus estimate is that AMD will report revenue of $5.3 billion with adjusted earnings per share of 57 cents for the June quarter. Analysts’ estimates for the current quarter are for $5.8 billion in revenue and EPS of 73 cents.On Monday, Rolland reaffirmed his Positive rating on AMD stock, but lowered his target for the stock price to $135 from $145.“AMD faces a number of near-term headwinds and an elevated DC [data center] expectation, putting Street estimates at risk,” he wrote. “However, longer term we love the server gain and MI300 [next AI chip] opportunities.”AMD and Intel use the x86 chip architecture in making the processors that act as the main computing brains for PCs and servers.The analyst noted Intel’s muted outlook for its data center business for the September quarter, citing inventory issues, a lackluster rebound in China and weak demand from enterprises. He also expects AMD’s gaming console segment to slow later this year.“We note risks to the 2H [second half] guide as the bar was set high, and checks suggest something less than perfection,” he wrote.But Rolland still believes shareholders should focus on AMD’s prospects in the AI semiconductor area, sparked by the launch of its MI300 near the end of this year.MI300 is AMD’s coming data center graphics processing unit. It will be suited for AI projects and is scheduled for release later this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":204049635528736,"gmtCreate":1690853749154,"gmtModify":1690853753201,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Accumulate now🙏🙏","listText":"Accumulate now🙏🙏","text":"Accumulate now🙏🙏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/204049635528736","repostId":"2356927958","repostType":2,"repost":{"id":"2356927958","pubTimestamp":1690853071,"share":"https://ttm.financial/m/news/2356927958?lang=&edition=fundamental","pubTime":"2023-08-01 09:24","market":"us","language":"en","title":"AMD Earnings Preview: Looking for More Cues for PC Market Recovery","url":"https://stock-news.laohu8.com/highlight/detail?id=2356927958","media":"Seeking Alpha","summary":" Advanced Micro Devices Inc (NASDAQ:AMD) is expected to post a nearly 19% fall in second quarter revenue on Tuesday, with investors looking for more cues regarding the rebound in PC market crucial for","content":"<html><head></head><body><div> <p>Advanced Micro Devices Inc (<span>NASDAQ:AMD</span>) is expected to post a nearly 19% fall in second quarter revenue on Tuesday, with investors looking for more cues regarding the rebound in PC market crucial for the chipmaker.</p> <p>Lat week, rival Intel Corp (INTC<span>) provided the much-needed optimism to investors when it posted surprise </span>quarterly profit<span> and a strong guidance for the first-quarter - signs that PC demand has started to see improvement.</span></p> <p>The pandemic-induced boom for laptops and computers had faded in the last few quarters as higher prices prompted consumers to curb their spending on gadgets and other discretionary items.</p> <p>However, according to data from IT research firm Gartner, worldwide PC shipments has started to show initial signs of stabilization during the second quarter after seven consecutive quarters of year-over-year decline.</p> <p>AMD, which has grabbed a fair share of the lucrative data center market from Intel, has gained nearly 76% so far this year.</p> <p>The latest trend of artificial intelligence is also expected to give a boost to AMD in the coming years.</p> <p>Investment firm Northland analyst Gus Richard raised his rating on AMD shares to outperform from market perform on July 5, noting that the firm has been &#34;wrong&#34; about AMD shares and it is looking to change that, with the belief the stock will get an &#34;AI multiple.&#34;</p> <p>Seeking Alpha analyst Mark Holder also believes the company’s upcoming MI300 chip, which will ship later this year, will be a strong competitor for Nvidia’s (NVDA) H100 chips.</p> <p>Wall Street analysts expect AMD to post earnings per share (EPS) of $0.57, implying a fall of 45.7% while revenue is expected to be $5.32 billion.</p> <p>Over the last 2 years, AMD has beaten both EPS and revenue estimates 88% of the time.</p> <p>While Seeking Alpha analysts and Wall Street rated the stock a &#34;buy&#34;, Seeking Alpha’s Quant Ratings consider the stock a &#34;hold&#34;, dragged down by the valuation metrics.</p> <p>Over the last 3 months, EPS estimates have been revised upward two times, compared to 28 downward revisions, while revenue estimates have seen three upward revisions versus 26 downward moves.</p> </div></body></html>","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>AMD Earnings Preview: Looking for More Cues for PC Market Recovery</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; 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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\">\nAMD Earnings Preview: Looking for More Cues for PC Market Recovery\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-01 09:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3993476-amd-earnings-preview-looking-for-more-cues-for-pc-market-recovery><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Advanced Micro Devices Inc (NASDAQ:AMD) is expected to post a nearly 19% fall in second quarter revenue on Tuesday, with investors looking for more cues regarding the rebound in PC market crucial for ...</p>\n\n<a href=\"https://seekingalpha.com/news/3993476-amd-earnings-preview-looking-for-more-cues-for-pc-market-recovery\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"source_url":"https://seekingalpha.com/news/3993476-amd-earnings-preview-looking-for-more-cues-for-pc-market-recovery","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2356927958","content_text":"Advanced Micro Devices Inc (NASDAQ:AMD) is expected to post a nearly 19% fall in second quarter revenue on Tuesday, with investors looking for more cues regarding the rebound in PC market crucial for the chipmaker. Lat week, rival Intel Corp (INTC) provided the much-needed optimism to investors when it posted surprise quarterly profit and a strong guidance for the first-quarter - signs that PC demand has started to see improvement. The pandemic-induced boom for laptops and computers had faded in the last few quarters as higher prices prompted consumers to curb their spending on gadgets and other discretionary items. However, according to data from IT research firm Gartner, worldwide PC shipments has started to show initial signs of stabilization during the second quarter after seven consecutive quarters of year-over-year decline. AMD, which has grabbed a fair share of the lucrative data center market from Intel, has gained nearly 76% so far this year. The latest trend of artificial intelligence is also expected to give a boost to AMD in the coming years. Investment firm Northland analyst Gus Richard raised his rating on AMD shares to outperform from market perform on July 5, noting that the firm has been \"wrong\" about AMD shares and it is looking to change that, with the belief the stock will get an \"AI multiple.\" Seeking Alpha analyst Mark Holder also believes the company’s upcoming MI300 chip, which will ship later this year, will be a strong competitor for Nvidia’s (NVDA) H100 chips. Wall Street analysts expect AMD to post earnings per share (EPS) of $0.57, implying a fall of 45.7% while revenue is expected to be $5.32 billion. Over the last 2 years, AMD has beaten both EPS and revenue estimates 88% of the time. While Seeking Alpha analysts and Wall Street rated the stock a \"buy\", Seeking Alpha’s Quant Ratings consider the stock a \"hold\", dragged down by the valuation metrics. Over the last 3 months, EPS estimates have been revised upward two times, compared to 28 downward revisions, while revenue estimates have seen three upward revisions versus 26 downward moves.","news_type":1},"isVote":1,"tweetType":1,"viewCount":120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":216580836368400,"gmtCreate":1693878128154,"gmtModify":1693878134375,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Most of us aware too. Appreciate your article though thanks. 👍👍","listText":"Most of us aware too. Appreciate your article though thanks. 👍👍","text":"Most of us aware too. Appreciate your article though thanks. 👍👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/216580836368400","repostId":"2364276867","repostType":2,"repost":{"id":"2364276867","pubTimestamp":1693877757,"share":"https://ttm.financial/m/news/2364276867?lang=&edition=fundamental","pubTime":"2023-09-05 09:35","market":"us","language":"en","title":"VinFast: One Of The Largest Disconnects Between Fundamentals & Price I’ve Ever Seen","url":"https://stock-news.laohu8.com/highlight/detail?id=2364276867","media":"The Smart Investor","summary":"VinFast Auto has a mammoth market capitalisation but the same may not be said for its business fundamentals.","content":"<html><head></head><body><p>VinFast Auto has a mammoth market capitalisation but the same may not be said for its business fundamentals.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ea32787ae4685ebfa696f8715d93e53e\" alt=\"\" title=\"\" tg-width=\"800\" tg-height=\"533\"/></p><p><strong><a href=\"https://laohu8.com/S/VFS\">VinFast Auto</a> </strong>(NASDAQ: VFS) became a public-listed entity in the US stock market on 15 August this year through a SPAC (Special Purpose Acquisition Company) merger. I think it is also a company with one of the largest disconnects between fundamentals and price that I’ve ever seen. I’ll lay out what I know, and you can judge my thought.</p><p>Founded in 2017, VinFast manufactures EVs (electric vehicles), e-scooters, and e-buses. The company started producing e-scooters in 2018, ICE cars in 2019 (the production of internal combustion engine vehicles was phased out in late-2022), and e-buses in 2020. Its first EV product line consists of a range of SUVs (sport utility vehicles) which it began manufacturing in December 2021. VinFast’s manufacturing facility – which has 1,400 robots and is highly automated – is located in Hai Phong, Vietnam and has an annual production capacity of 300,000 EVs. Through June 2023, VinFast has delivered 105,000 vehicles – most of which are ICE vehicles – and 182,000 e-scooters. </p><p>Vietnam is VinFast’s headquarters and the company’s primary market at the moment. As of 30 June 2023, VinFast had sold around 18,700 EVs, mostly in Vietnam, since inception; the deliveries of the 182,000 e-scooters since the company’s founding all happened in the same country too. The company has ambitions beyond Vietnam and has set its sights on the USA, Canada, France, Germany, and the Netherlands as its initial international markets. VinFast commenced US deliveries of EVs in March this year while it expects to start delivering EVs into Europe in the second half of 2023. The company has recorded around 26,000 reservations for its EVs globally as of 30 June 2023.</p><p>Controlling <strong><em>nearly all</em></strong> of VinFast’s shares currently <strong>(99.7%) </strong>is Pham Nhat Vuong, the founder and majority shareholder of Vingroup, a Vietnam-based conglomerate. Vingroup has a major economic presence in Vietnam – the company and all of its listed subsidiaries collectively accounted for 1.1% of Vietnam’s GDP in 2022 and they have a combined market capitalisation of US$21.0 billion (note that this does <em>not </em>include the value of VinFast) as of 30 June 2023.   </p><p>In the two weeks since VinFast’s listing, the company’s stock price closed at a high of US$82, on 28 August 2023. This gave VinFast a staggering US$190 billion market capitalisation based on an outstanding share count of 2.307 billion (as of 14 August 2023). At the market-close on 29 August 2023, VinFast’s share price was US$46. Though a painful 44% fall from the previous day’s closing, the US$46 stock price still gives VinFast a massive market capitalisation of US$107 billion, which easily makes it one of the top five largest auto manufacturers in the world by market capitalisation. But behind VinFast’s market size are the following fundamentals:</p><ul style=\"\"><li><p>2022 numbers (I would have used trailing numbers, but they’re not readily available)<strong>:</strong> Revenue of US$633.8 <em>million, </em>an operating <em>loss</em> of US$1.8 billion, and an operating cash <em>outflow </em>of US$1.5 billion</p></li><li><p>As I already mentioned, VinFast has (1) 26,000 reservations for its EVs <em>globally</em> as of 30 June 2023, and (2) delivered 105,000 vehicles – most of which are ICE vehicles – and 182,000 e-scooters from its founding through June 2023.</p></li></ul><p>For perspective, here are the equivalent numbers for <strong>Tesla</strong> (NASDAQ: TSLA), the largest auto manufacturer in the world by market capitalisation (US$816 billion on 29 August 2023), and a company whose valuation ratios are often said by stock market participants to be rich:</p><ul style=\"\"><li><p>Trailing numbers: Revenue of US$94.0 billion, operating income of US$12.7 billion, and operating cash <em>inflow </em>of US$14.0 billion</p></li><li><p>Trailing deliveries<em> </em>of 1.638 million vehicles worldwide.</p></li></ul><p>So given all the above, what do you think about my statement above, that VinFast is “a company with one of the largest disconnects between fundamentals and price that I’ve ever seen”?</p></body></html>","source":"thesmartinvestor_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>VinFast: One Of The Largest Disconnects Between Fundamentals & Price I’ve Ever Seen</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\">\nVinFast: One Of The Largest Disconnects Between Fundamentals & Price I’ve Ever Seen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-05 09:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/one-of-the-largest-disconnects-between-fundamentals-price-ive-ever-seen/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>VinFast Auto has a mammoth market capitalisation but the same may not be said for its business fundamentals.VinFast Auto (NASDAQ: VFS) became a public-listed entity in the US stock market on 15 August...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/one-of-the-largest-disconnects-between-fundamentals-price-ive-ever-seen/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1548497426.USD":"安联环球人工智能AT Acc","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4581":"高盛持仓","BK4099":"汽车制造商","BK4511":"特斯拉概念","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","VFS":"VinFast Auto","BK4548":"巴美列捷福持仓","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4592":"伊斯兰概念","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4555":"新能源车","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4574":"无人驾驶","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU2063271972.USD":"富兰克林创新领域基金","BK4527":"明星科技股","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4588":"碎股","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4550":"红杉资本持仓","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4551":"寇图资本持仓"},"source_url":"https://thesmartinvestor.com.sg/one-of-the-largest-disconnects-between-fundamentals-price-ive-ever-seen/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2364276867","content_text":"VinFast Auto has a mammoth market capitalisation but the same may not be said for its business fundamentals.VinFast Auto (NASDAQ: VFS) became a public-listed entity in the US stock market on 15 August this year through a SPAC (Special Purpose Acquisition Company) merger. I think it is also a company with one of the largest disconnects between fundamentals and price that I’ve ever seen. I’ll lay out what I know, and you can judge my thought.Founded in 2017, VinFast manufactures EVs (electric vehicles), e-scooters, and e-buses. The company started producing e-scooters in 2018, ICE cars in 2019 (the production of internal combustion engine vehicles was phased out in late-2022), and e-buses in 2020. Its first EV product line consists of a range of SUVs (sport utility vehicles) which it began manufacturing in December 2021. VinFast’s manufacturing facility – which has 1,400 robots and is highly automated – is located in Hai Phong, Vietnam and has an annual production capacity of 300,000 EVs. Through June 2023, VinFast has delivered 105,000 vehicles – most of which are ICE vehicles – and 182,000 e-scooters. Vietnam is VinFast’s headquarters and the company’s primary market at the moment. As of 30 June 2023, VinFast had sold around 18,700 EVs, mostly in Vietnam, since inception; the deliveries of the 182,000 e-scooters since the company’s founding all happened in the same country too. The company has ambitions beyond Vietnam and has set its sights on the USA, Canada, France, Germany, and the Netherlands as its initial international markets. VinFast commenced US deliveries of EVs in March this year while it expects to start delivering EVs into Europe in the second half of 2023. The company has recorded around 26,000 reservations for its EVs globally as of 30 June 2023.Controlling nearly all of VinFast’s shares currently (99.7%) is Pham Nhat Vuong, the founder and majority shareholder of Vingroup, a Vietnam-based conglomerate. Vingroup has a major economic presence in Vietnam – the company and all of its listed subsidiaries collectively accounted for 1.1% of Vietnam’s GDP in 2022 and they have a combined market capitalisation of US$21.0 billion (note that this does not include the value of VinFast) as of 30 June 2023.   In the two weeks since VinFast’s listing, the company’s stock price closed at a high of US$82, on 28 August 2023. This gave VinFast a staggering US$190 billion market capitalisation based on an outstanding share count of 2.307 billion (as of 14 August 2023). At the market-close on 29 August 2023, VinFast’s share price was US$46. Though a painful 44% fall from the previous day’s closing, the US$46 stock price still gives VinFast a massive market capitalisation of US$107 billion, which easily makes it one of the top five largest auto manufacturers in the world by market capitalisation. But behind VinFast’s market size are the following fundamentals:2022 numbers (I would have used trailing numbers, but they’re not readily available): Revenue of US$633.8 million, an operating loss of US$1.8 billion, and an operating cash outflow of US$1.5 billionAs I already mentioned, VinFast has (1) 26,000 reservations for its EVs globally as of 30 June 2023, and (2) delivered 105,000 vehicles – most of which are ICE vehicles – and 182,000 e-scooters from its founding through June 2023.For perspective, here are the equivalent numbers for Tesla (NASDAQ: TSLA), the largest auto manufacturer in the world by market capitalisation (US$816 billion on 29 August 2023), and a company whose valuation ratios are often said by stock market participants to be rich:Trailing numbers: Revenue of US$94.0 billion, operating income of US$12.7 billion, and operating cash inflow of US$14.0 billionTrailing deliveries of 1.638 million vehicles worldwide.So given all the above, what do you think about my statement above, that VinFast is “a company with one of the largest disconnects between fundamentals and price that I’ve ever seen”?","news_type":1},"isVote":1,"tweetType":1,"viewCount":183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":238485178847424,"gmtCreate":1699259612171,"gmtModify":1699259616686,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Well, shares mean to stimulate...... if no player...... will be bored.&nbsp;","listText":"Well, shares mean to stimulate...... if no player...... will be bored.&nbsp;","text":"Well, shares mean to stimulate...... if no player...... will be bored.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/238485178847424","repostId":"2380018672","repostType":4,"isVote":1,"tweetType":1,"viewCount":419,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":229886384529696,"gmtCreate":1697166501864,"gmtModify":1697166506215,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Just hold on to whatever counters you have in hand.&nbsp;","listText":"Just hold on to whatever counters you have in hand.&nbsp;","text":"Just hold on to whatever counters you have in hand.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/229886384529696","repostId":"1181060901","repostType":4,"repost":{"id":"1181060901","pubTimestamp":1697165811,"share":"https://ttm.financial/m/news/1181060901?lang=&edition=fundamental","pubTime":"2023-10-13 10:56","market":"hk","language":"en","title":"Hong Kong Stocks Snap Six-Day Winning Streak as Weak China Inflation Reports Undermine Bets on Recovery","url":"https://stock-news.laohu8.com/highlight/detail?id=1181060901","media":"south china morning post","summary":"Stock benchmark slips from a five-week high as bullish China bets take a knock following weak reports on producer, consumer prices in ChinaMarket is still on course for a 3 per cent gain for the week,","content":"<html><head></head><body><ul style=\"\"><li><p>Stock benchmark slips from a five-week high as bullish China bets take a knock following weak reports on producer, consumer prices in China</p></li></ul><ul style=\"\"><li><p>Market is still on course for a 3 per cent gain for the week, courtesy of a rally in the preceding six days amid speculation on state-fund buying</p></li></ul><p>Hong Kong stocks tumbled to snap a six-day winning run after official reports showed producer and consumer prices in mainland China trailed market expectations, reigniting concerns about the nation’s manufacturing and consumption rebound.</p><p>The Hang Seng Index declined 1.77 per cent to 17,915.67 as of 10.53am local time, trimming the weekly gain to about 3 per cent. The Tech Index dropped 2.87 per cent.</p><p>Alibaba Group retreated 3.38 per cent to HK$82.95 and rival e-commerce platform operator JD.com slumped 11.38 per cent to HK$104.30. Meituan slipped 3.89 per cent to HK$113.80. Search engine operator Baidu sank 4.94 per cent to HK$125.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c8d9a7f7f2c80f6f003b6b0dcc467ab\" tg-width=\"254\" tg-height=\"495\"/></p><p>Producer prices in mainland China dropped 2.5 per cent in September from a year earlier, capping a 12-month slide, the statistics bureau said on Friday. Economists had predicted a 2.4 per cent decline, versus a 3 per cent deflation in August. A separate report showed consumer prices were flat, versus consensus forecasts for a 0.2 per cent increase.</p><p>Other major Asian markets weakened. South Korea’s Kospi retreated 0.7 per cent and Australia’s S&amp;P/ASX 200 lost 0.3 per cent, while Japan’s Nikkei 225 slipped less than 0.1 per cent.</p></body></html>","source":"lsy1600132093512","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>Hong Kong Stocks Snap Six-Day Winning Streak as Weak China Inflation Reports Undermine Bets on Recovery</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\">\nHong Kong Stocks Snap Six-Day Winning Streak as Weak China Inflation Reports Undermine Bets on Recovery\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-10-13 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/china-business/article/3237771/hong-kong-stocks-snap-six-day-winning-streak-weak-china-inflation-reports-undermine-bets-recovery><strong>south china morning post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stock benchmark slips from a five-week high as bullish China bets take a knock following weak reports on producer, consumer prices in ChinaMarket is still on course for a 3 per cent gain for the week,...</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3237771/hong-kong-stocks-snap-six-day-winning-streak-weak-china-inflation-reports-undermine-bets-recovery\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","03690":"美团-W","09618":"京东集团-SW","HSI":"恒生指数","09888":"百度集团-SW"},"source_url":"https://www.scmp.com/business/china-business/article/3237771/hong-kong-stocks-snap-six-day-winning-streak-weak-china-inflation-reports-undermine-bets-recovery","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181060901","content_text":"Stock benchmark slips from a five-week high as bullish China bets take a knock following weak reports on producer, consumer prices in ChinaMarket is still on course for a 3 per cent gain for the week, courtesy of a rally in the preceding six days amid speculation on state-fund buyingHong Kong stocks tumbled to snap a six-day winning run after official reports showed producer and consumer prices in mainland China trailed market expectations, reigniting concerns about the nation’s manufacturing and consumption rebound.The Hang Seng Index declined 1.77 per cent to 17,915.67 as of 10.53am local time, trimming the weekly gain to about 3 per cent. The Tech Index dropped 2.87 per cent.Alibaba Group retreated 3.38 per cent to HK$82.95 and rival e-commerce platform operator JD.com slumped 11.38 per cent to HK$104.30. Meituan slipped 3.89 per cent to HK$113.80. Search engine operator Baidu sank 4.94 per cent to HK$125.Producer prices in mainland China dropped 2.5 per cent in September from a year earlier, capping a 12-month slide, the statistics bureau said on Friday. Economists had predicted a 2.4 per cent decline, versus a 3 per cent deflation in August. A separate report showed consumer prices were flat, versus consensus forecasts for a 0.2 per cent increase.Other major Asian markets weakened. South Korea’s Kospi retreated 0.7 per cent and Australia’s S&P/ASX 200 lost 0.3 per cent, while Japan’s Nikkei 225 slipped less than 0.1 per cent.","news_type":1},"isVote":1,"tweetType":1,"viewCount":330,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":215221062447104,"gmtCreate":1693574909247,"gmtModify":1693574914664,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Need volume to support the upward momentum. If not, challenging.&nbsp;","listText":"Need volume to support the upward momentum. If not, challenging.&nbsp;","text":"Need volume to support the upward momentum. If not, challenging.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/215221062447104","repostId":"2364211991","repostType":2,"repost":{"id":"2364211991","pubTimestamp":1693567922,"share":"https://ttm.financial/m/news/2364211991?lang=&edition=fundamental","pubTime":"2023-09-01 19:32","market":"us","language":"en","title":"JD.com: Good Returns Potential As The Ship Is Turning Around","url":"https://stock-news.laohu8.com/highlight/detail?id=2364211991","media":"seekingalpha","summary":"JD.com is down 40% year-to-date compared to positive 6% for Alibaba stock and a 20% jump by Pinduoduo.There have been a number of headwinds for JD.com in this year but the current correction seems to ","content":"<html><head></head><body><ul style=\"\"><li><p>JD.com is down 40% year-to-date compared to positive 6% for Alibaba stock and a 20% jump by Pinduoduo.</p></li><li><p>There have been a number of headwinds for JD.com in this year but the current correction seems to be overdone.</p></li><li><p>The company is working on improving the operating leverage as it gains greater efficiency within logistics.</p></li><li><p>Even modest results in the next few quarters can lead to a bullish run in the stock.</p></li><li><p>The forward pe ratio of JD.com is close to 10 and we could see a significant improvement in valuation multiple by early 2024.</p></li></ul><p><a href=\"https://laohu8.com/S/JD\">JD.com Inc.</a> stock has declined by a staggering 40% year-to-date, while other Chinese stocks have fared better. Some of this decline is due to company-specific issues which include a decline in market share within China as <a href=\"https://laohu8.com/S/PDD\">Pinduoduo </a> has reported a better growth rate. However, the stock correction seems to have been overdone. If the management is able to post even modest results in the next few quarters, we could see a significant bull run within JD stock.</p><p>The company is trying to improve operating leverage with more efficient logistics. It has also eliminated international business and decided to focus on the business in China. The EPS estimates for fiscal 2025 are in a range of $4 to $5 which means the stock is trading at under 7 times the EPS estimate of 2025. The current slowdown in the overall economy will remain a headwind for the company, but it is highly likely that any improvement in macroeconomic situation and lower regulatory challenges will improve the bullish sentiment towards the stock. The company has been investing heavily in logistics for the last few years, which improves its long-term moat.</p><h2 id=\"id_4083535454\">Massive correction in the stock price</h2><p>Increase in geopolitical tensions has negatively affected many Chinese stocks. The lack of a big rebound in China&#39;s economy after the end of pandemic restrictions has also been a headwind for many stocks. However, JD&#39;s stock price has been one of the worst performing within China in YTD.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e2576f873c97c2581acba4d2851513db\" title=\"\" tg-width=\"977\" tg-height=\"403\"/></p><p>Figure 1: JD&#39;s price movement along with Alibaba and PDD in YTD. Source: Ycharts</p><p>The bearish run in JD stock seems due to lower performance in key metrics compared to other competitors. PDD has reported a good result and has beaten analysts estimates for the last few quarters. In the recent quarter, PDD reported 66% revenue growth on a YoY basis. This was significantly above the growth reported by JD. Looking at this metric, we can say that JD is losing market share within its Chinese ecommerce business.</p><h3 id=\"id_245293341\">Turning the ship should not be difficult</h3><p>There have been a number of reasons why JD&#39;s performance has been lower than its peers. JD has moved away from its international business in Southeast Asia. This seems a correct decision because it would have required massive resources for the company to gain a foothold in this region. Alibaba&#39;s (BABA) Lazada is already a key player with massive investments from Alibaba.</p><p>JD has also not reported good results in low-cost ecommerce business called Jingxi. The rapid growth of PDD forced JD to launch its own low-cost option, but this hurt the margins of the company. PDD also has the strong backing of Tencent, which helps in attracting customers. JD is now focusing on its core ecommerce business, which should help in improving the margins. It is highly likely that JD will be able to improve its EPS trajectory by going back to basics in its ecommerce business.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a363edbae9a7be6f81b5963e3cef235b\" title=\"\" tg-width=\"979\" tg-height=\"442\"/></p><p>Figure: EPS trend of JD in the last few quarters. Source: Ycharts</p><p>JD has already shown improvement in EPS over the last few quarters. Improvement in logistics efficiency should help in increasing the EPS for the company and also reduce the need to offer massive incentives to attract customers.</p><h3 id=\"id_4152962579\">Revenue growth is the key</h3><p>JD&#39;s YoY revenue growth fell behind Alibaba in the recent quarter. It is significantly behind PDD&#39;s growth rate. The forward revenue growth estimates of JD are modest, which can reduce the bullish sentiment towards the stock. However, this also makes it easier for the company to beat the estimates and surprise Wall Street. This is what happened in the recent quarter when the company beat the estimates on revenue and EPS.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/898347505a01bb1b289c9b49aaee1f48\" title=\"\" tg-width=\"977\" tg-height=\"426\"/></p><p>Figure: YoY revenue growth and forward revenue estimates. Source: Ycharts</p><p>The international business was a distraction for the management. A strong focus on the Chinese ecommerce business should improve the growth trajectory of JD.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/43e62a02d0bf6a48c2d4af0126af8dd7\" title=\"\" tg-width=\"640\" tg-height=\"278\"/></p><p>Figure: JD&#39;s PS ratio compared to historical trend. Source: Ycharts</p><p>Prior to the pandemic, JD was trading at a PS ratio between 1 and 1.2. The current PS ratio of 0.34 is less than a third of the pre-pandemic average. The regulatory headwinds are reducing in China, which can seen by the recent approval of multiple spinoffs for Alibaba and other companies. It is also highly likely that the Chinese government will need to announce some fiscal measures to boost the flagging economy. This should be a tailwind for JD and allow the company to surpass the consensus estimates.</p><p>Even at a modest PS ratio of 0.6 to 0.8, JD stock could reach $60 which would give the shares over 80% upside potential from the current price. It is also important to note some of the downside risks facing the company.</p><h3 id=\"id_1460367707\">Downside risks for JD</h3><p>There are a few risks that can derail a bullish rally in JD. The company needs to improve its YoY revenue growth trajectory. The overall e-commerce industry in China is still growing at a decent pace. If JD does not deliver revenue growth similar to other peers, then it could lose its market share within e-commerce segment. In the recent quarter, JD reported the lowest YoY revenue growth among the three major e-commerce players. Investors need to closely watch this metric in the next quarter. If JD does not reduce the YoY revenue growth gap with Alibaba and PDD, then we could see more bearish calls for the stock.</p><p>Another downside risk for JD is slower operating margin growth. JD has a massive logistics business, and it has invested heavily in robotics and AI to help improve the operating leverage. Wall Street would closely watch out for the future operating margin trend in the company. In the recent quarter, JD has been able to beat the EPS estimate by reporting net income per ADS of $0.74 compared to an estimate of $0.68. It would be very important for the company to continue outperforming the consensus estimate in order to build a bullish sentiment. While the stock still faces some downside risks, the cheap valuation multiple and above-mentioned tailwinds should help the company.</p><h3 id=\"id_496950138\">Impact on stock price</h3><p>JD stock is trading at its lowest valuation multiple, with a forward PE ratio of close to 10. This is significantly below the long-term average, and we could see a reversion to the mean valuation multiple if JD delivers good results for a single quarter. The regulatory challenges are also reducing, which should help boost the bottom line as the company focuses more on margins instead of social initiatives.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fccc28d1801276c4bd3ba2e0f79fd79b\" title=\"\" tg-width=\"978\" tg-height=\"416\"/></p><p>Figure: Forward PE multiple of JD, BABA and PDD. Source: Ycharts</p><p>The competitive pressure from a rapidly growing PDD will remain in the future, but JD is in a strong position to improve its basic performance metrics. At the current price, Wall Street is pricing the stock with a worst-case scenario. This is highly unlikely if the macroeconomic situation improves in China, and the focus of the management on improving its basic metrics should also help deliver better results in the next few quarters.</p><h2 id=\"id_2121242729\">Investor Takeaway</h2><p>JD&#39;s stock has been one of the worst-performing Chinese stocks in YTD, with a 40% correction. On the other hand, PDD stock has seen a 20% growth in YTD, which shows that some of the issues of JD are company-specific. The management is now focusing on its ecommerce business in China and is trying to improve margins through operating leverage. This should help the company deliver better EPS growth than current estimates.</p><p>Even one or two quarterly beats in key metrics can improve the bullish sentiment towards JD and lead to a significant bullish momentum in the stock. At the current price, there is a strong upside potential in the stock with very few headwinds, making it a good buying option.</p></body></html>","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>JD.com: Good Returns Potential As The Ship Is Turning Around</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\">\nJD.com: Good Returns Potential As The Ship Is Turning Around\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-01 19:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4632341-jdcom-good-returns-potential-as-the-ship-is-turning-around><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>JD.com is down 40% year-to-date compared to positive 6% for Alibaba stock and a 20% jump by Pinduoduo.There have been a number of headwinds for JD.com in this year but the current correction seems to ...</p>\n\n<a href=\"https://seekingalpha.com/article/4632341-jdcom-good-returns-potential-as-the-ship-is-turning-around\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09618":"京东集团-SW","BK4585":"ETF&股票定投概念","BK4575":"芯片概念","BK4509":"腾讯概念","BK4587":"ChatGPT概念","BK4524":"宅经济概念","BK4501":"段永平概念","BK4527":"明星科技股","BK4579":"人工智能","BK4588":"碎股","BK4526":"热门中概股","BK4503":"景林资产持仓","BK4122":"互联网与直销零售","BK4502":"阿里概念","BK4551":"寇图资本持仓","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4504":"桥水持仓","JD":"京东"},"source_url":"https://seekingalpha.com/article/4632341-jdcom-good-returns-potential-as-the-ship-is-turning-around","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2364211991","content_text":"JD.com is down 40% year-to-date compared to positive 6% for Alibaba stock and a 20% jump by Pinduoduo.There have been a number of headwinds for JD.com in this year but the current correction seems to be overdone.The company is working on improving the operating leverage as it gains greater efficiency within logistics.Even modest results in the next few quarters can lead to a bullish run in the stock.The forward pe ratio of JD.com is close to 10 and we could see a significant improvement in valuation multiple by early 2024.JD.com Inc. stock has declined by a staggering 40% year-to-date, while other Chinese stocks have fared better. Some of this decline is due to company-specific issues which include a decline in market share within China as Pinduoduo  has reported a better growth rate. However, the stock correction seems to have been overdone. If the management is able to post even modest results in the next few quarters, we could see a significant bull run within JD stock.The company is trying to improve operating leverage with more efficient logistics. It has also eliminated international business and decided to focus on the business in China. The EPS estimates for fiscal 2025 are in a range of $4 to $5 which means the stock is trading at under 7 times the EPS estimate of 2025. The current slowdown in the overall economy will remain a headwind for the company, but it is highly likely that any improvement in macroeconomic situation and lower regulatory challenges will improve the bullish sentiment towards the stock. The company has been investing heavily in logistics for the last few years, which improves its long-term moat.Massive correction in the stock priceIncrease in geopolitical tensions has negatively affected many Chinese stocks. The lack of a big rebound in China's economy after the end of pandemic restrictions has also been a headwind for many stocks. However, JD's stock price has been one of the worst performing within China in YTD.Figure 1: JD's price movement along with Alibaba and PDD in YTD. Source: YchartsThe bearish run in JD stock seems due to lower performance in key metrics compared to other competitors. PDD has reported a good result and has beaten analysts estimates for the last few quarters. In the recent quarter, PDD reported 66% revenue growth on a YoY basis. This was significantly above the growth reported by JD. Looking at this metric, we can say that JD is losing market share within its Chinese ecommerce business.Turning the ship should not be difficultThere have been a number of reasons why JD's performance has been lower than its peers. JD has moved away from its international business in Southeast Asia. This seems a correct decision because it would have required massive resources for the company to gain a foothold in this region. Alibaba's (BABA) Lazada is already a key player with massive investments from Alibaba.JD has also not reported good results in low-cost ecommerce business called Jingxi. The rapid growth of PDD forced JD to launch its own low-cost option, but this hurt the margins of the company. PDD also has the strong backing of Tencent, which helps in attracting customers. JD is now focusing on its core ecommerce business, which should help in improving the margins. It is highly likely that JD will be able to improve its EPS trajectory by going back to basics in its ecommerce business.Figure: EPS trend of JD in the last few quarters. Source: YchartsJD has already shown improvement in EPS over the last few quarters. Improvement in logistics efficiency should help in increasing the EPS for the company and also reduce the need to offer massive incentives to attract customers.Revenue growth is the keyJD's YoY revenue growth fell behind Alibaba in the recent quarter. It is significantly behind PDD's growth rate. The forward revenue growth estimates of JD are modest, which can reduce the bullish sentiment towards the stock. However, this also makes it easier for the company to beat the estimates and surprise Wall Street. This is what happened in the recent quarter when the company beat the estimates on revenue and EPS.Figure: YoY revenue growth and forward revenue estimates. Source: YchartsThe international business was a distraction for the management. A strong focus on the Chinese ecommerce business should improve the growth trajectory of JD.Figure: JD's PS ratio compared to historical trend. Source: YchartsPrior to the pandemic, JD was trading at a PS ratio between 1 and 1.2. The current PS ratio of 0.34 is less than a third of the pre-pandemic average. The regulatory headwinds are reducing in China, which can seen by the recent approval of multiple spinoffs for Alibaba and other companies. It is also highly likely that the Chinese government will need to announce some fiscal measures to boost the flagging economy. This should be a tailwind for JD and allow the company to surpass the consensus estimates.Even at a modest PS ratio of 0.6 to 0.8, JD stock could reach $60 which would give the shares over 80% upside potential from the current price. It is also important to note some of the downside risks facing the company.Downside risks for JDThere are a few risks that can derail a bullish rally in JD. The company needs to improve its YoY revenue growth trajectory. The overall e-commerce industry in China is still growing at a decent pace. If JD does not deliver revenue growth similar to other peers, then it could lose its market share within e-commerce segment. In the recent quarter, JD reported the lowest YoY revenue growth among the three major e-commerce players. Investors need to closely watch this metric in the next quarter. If JD does not reduce the YoY revenue growth gap with Alibaba and PDD, then we could see more bearish calls for the stock.Another downside risk for JD is slower operating margin growth. JD has a massive logistics business, and it has invested heavily in robotics and AI to help improve the operating leverage. Wall Street would closely watch out for the future operating margin trend in the company. In the recent quarter, JD has been able to beat the EPS estimate by reporting net income per ADS of $0.74 compared to an estimate of $0.68. It would be very important for the company to continue outperforming the consensus estimate in order to build a bullish sentiment. While the stock still faces some downside risks, the cheap valuation multiple and above-mentioned tailwinds should help the company.Impact on stock priceJD stock is trading at its lowest valuation multiple, with a forward PE ratio of close to 10. This is significantly below the long-term average, and we could see a reversion to the mean valuation multiple if JD delivers good results for a single quarter. The regulatory challenges are also reducing, which should help boost the bottom line as the company focuses more on margins instead of social initiatives.Figure: Forward PE multiple of JD, BABA and PDD. Source: YchartsThe competitive pressure from a rapidly growing PDD will remain in the future, but JD is in a strong position to improve its basic performance metrics. At the current price, Wall Street is pricing the stock with a worst-case scenario. This is highly unlikely if the macroeconomic situation improves in China, and the focus of the management on improving its basic metrics should also help deliver better results in the next few quarters.Investor TakeawayJD's stock has been one of the worst-performing Chinese stocks in YTD, with a 40% correction. On the other hand, PDD stock has seen a 20% growth in YTD, which shows that some of the issues of JD are company-specific. The management is now focusing on its ecommerce business in China and is trying to improve margins through operating leverage. This should help the company deliver better EPS growth than current estimates.Even one or two quarterly beats in key metrics can improve the bullish sentiment towards JD and lead to a significant bullish momentum in the stock. At the current price, there is a strong upside potential in the stock with very few headwinds, making it a good buying option.","news_type":1},"isVote":1,"tweetType":1,"viewCount":145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":208814562255072,"gmtCreate":1692003972175,"gmtModify":1692003975575,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"deep blue sea.... buy when low🙏🙏","listText":"deep blue sea.... buy when low🙏🙏","text":"deep blue sea.... buy when low🙏🙏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/208814562255072","repostId":"2359798580","repostType":2,"repost":{"id":"2359798580","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1692000300,"share":"https://ttm.financial/m/news/2359798580?lang=&edition=fundamental","pubTime":"2023-08-14 16:05","market":"us","language":"en","title":"A Stumbling Stock Market Faces a Crucial Summer Test","url":"https://stock-news.laohu8.com/highlight/detail?id=2359798580","media":"Dow Jones","summary":"Call it the end-of-summer blues.Stock-market bulls face a late summer storm.History shows that things can get ugly — and volatile — for the U.S. stock market in August and September. So a rocky start to the month shouldn’t be a big surprise. Indeed, even bulls might pine for some near-term consolidation after a torrid run that saw the S&P 500 index rally nearly 20% over the first seven months of 2023. Through Friday’s close, the index is still up nearly 25% from its bear-market closing low of 3,","content":"<html><head></head><body><p style=\"text-align: start;\">Call it the end-of-summer blues.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0bf326442be8a20ca80f2e25cff24366\" alt=\"Stock-market bulls face a late summer storm.\" title=\"Stock-market bulls face a late summer storm.\" tg-width=\"700\" tg-height=\"487\"/><span>Stock-market bulls face a late summer storm.</span></p><p style=\"text-align: start;\">History shows that things can get ugly — and volatile — for the U.S. stock market in August and September. So a rocky start to the month shouldn’t be a big surprise. Indeed, even bulls might pine for some near-term consolidation after a torrid run that saw the S&amp;P 500 index rally nearly 20% over the first seven months of 2023. Through Friday’s close, the index is still up nearly 25% from its bear-market closing low of 3,577.03 hit on Oct. 12.</p><p>But what would send the 2023 rally decisively off the rails?</p><p>To answer that question, it helps to think about what has been driving the rally. Mark Hackett, chief of investment research at Nationwide, argues that the rally has largely been about fears that never materialized.</p><p>“I would say about 90% of the move that we’ve seen over the last 10 months has really been a walking back from the ledge of fear,” Hackett told MarketWatch, in a phone interview.</p><p>The October 2022 lows came as the Federal Reserve was hiking the fed-funds rate in outsize 75 basis point increments, inflation was just coming off its June peak last year above 9% and expectations for an imminent recession, or “hard landing,” were running hot.</p><p>Tom Essaye, founder of Sevens Report Research, contends the rally has been built on three pillars: The Fed is now seen by many investors as likely finished, or nearly finished, raising interest rates; the economy appears set to possibly avert a recession altogether, and inflation has remained largely on a downward path.</p><p style=\"text-align: start;\">So trouble for the market would emerge if economic data were to falter and begin pointing to a hard landing, core inflation leveled off or bounced, or Fed Chair Jerome Powell signaled another rate hike is “definitely coming” and caused a further rise in Treasury yields.</p><p style=\"text-align: start;\">“This scenario would essentially undermine the three pillars of the rally, and as such investors should expect a substantial decline in stocks, even considering the recent pullback,” Essaye said in a note last week. “In fact, a decline of much more than 10% would be likely in this scenario, as it would undermine most of the rationale for the gains in stocks since June (and perhaps all of 2023).”</p><p style=\"text-align: start;\">That scenario has yet to materialize.</p><p style=\"text-align: start;\">The year-over-year rate of inflation as measured by the U.S. consumer price index rose to 3.2% in July from 3% in June, data showed last week. But the core rate, which strips out food and energy, slowed to 4.7% from 4.8%. The July producer price index, a measure of costs at the wholesale level, came in a touch stronger than expected, but didn’t change investor expectations for the Federal Reserve to leave rates unchanged when policy makers next meet in September.</p><p style=\"text-align: start;\">Policy makers will see another round of jobs data, including the August employment report, and inflation figures before that meeting.</p><p style=\"text-align: start;\">Meanwhile, a jump in Treasury yields, with the rate on the 10-year note pushing back above 4.15% after hitting a 2023 high near 4.2% earlier this month, is getting much of the blame for continued softness in the stock market. Rising yields can make Treasurys look more attractive than other assets and also raise the cost of financing for companies.</p><p style=\"text-align: start;\">The S&amp;P 500 edged down 0.3% last week, suffering its first back-to-back weekly decline since May. The large-cap benchmark is down 2.7% so far in August, trimming its year-to-date gain to 16.3%. The Dow Jones Industrial Average rose 0.6%, while the Nasdaq Composite shed 1.9%.</p><p>A lack of obvious near-term catalysts could set the stage for the market to further struggle. A light week lies ahead for U.S. economic data, featuring July retail sales on Monday and the release of the minutes of the Fed’s July meeting on Wednesday.</p><p style=\"text-align: start;\">A slew of major retailers are set to deliver results as the second quarter earnings reporting season enters its final stretch.</p><p style=\"text-align: start;\">Nationwide’s Hackett said the market setup coming into August was nearly a mirror image of October’s gloomfest. Hedge funds and other large investors are no longer betting against the market, while longtime bears and pessimistic economists are throwing in the towel and issuing mea culpas.</p><p style=\"text-align: start;\">Stocks have rallied since late last year as fears priced into the market didn’t materialize, but now that dynamic is gone.</p><p>Just as overwhelming pessimism set the stage for the market rally, widespread optimism over a “Goldilocks” scenario of falling inflation, a tame Fed and solid economic growth could eventually spell trouble for the bulls, Hackett said. Expectations don’t yet appear that extreme, but bear watching, he said.</p><p style=\"text-align: start;\">Meanwhile, investors also face seasonal concerns. August is historically a middling month for the S&amp;P 500, producing an average gain of 0.67% based on data going back to 1928, according to Dow Jones Market Data. That makes August the fifth-worst performing month for the S&amp;P 500. September is the worst performing month, producing an average downturn of 1.1%.</p><p style=\"text-align: start;\">For the Dow Jones Industrial Average, August has seen an average return of negative 0.8% since 1986, making it the worst performing month for the blue-chip gauge. In the decades before 1986, August was the blue-chip gauge’s best month.</p><p>And then there’s volatility.</p><p style=\"text-align: start;\">Going back to 1990, the Cboe Volatility Index, known as the VIX, has seen its yearly peak most often in January (six times), followed by August and October at five times each, noted Jessica Rabe, co-founder of DataTrek Research, in a note last week.</p><p>By that measure, investors are now in the middle of one of the most volatile months of the year with still another to come in October.</p><p style=\"text-align: start;\">“U.S. equities tend to outperform during calmer environments, so it makes sense that they rallied in July, but are struggling so far in August,” Rabe said. “The upshot: seasonal trends say U.S. equities could prove whippy through October until quieting down during the last two months of the year.”</p><p style=\"text-align: start;\">Hackett doesn’t expect the bull market to come off the rails, but sees scope for some near-term consolidation that will likely prove healthy over the long run.</p><p style=\"text-align: start;\">“It’s something that you don’t want to try to be too cute with because I don’t see the market as being really susceptible to a significant period of pain. I think it’s just a pretty natural, pretty healthy consolidation phase,” he said.</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>A Stumbling Stock Market Faces a Crucial Summer Test</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\">\nA Stumbling Stock Market Faces a Crucial Summer Test\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-08-14 16:05</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Call it the end-of-summer blues.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0bf326442be8a20ca80f2e25cff24366\" alt=\"Stock-market bulls face a late summer storm.\" title=\"Stock-market bulls face a late summer storm.\" tg-width=\"700\" tg-height=\"487\"/><span>Stock-market bulls face a late summer storm.</span></p><p style=\"text-align: start;\">History shows that things can get ugly — and volatile — for the U.S. stock market in August and September. So a rocky start to the month shouldn’t be a big surprise. Indeed, even bulls might pine for some near-term consolidation after a torrid run that saw the S&amp;P 500 index rally nearly 20% over the first seven months of 2023. Through Friday’s close, the index is still up nearly 25% from its bear-market closing low of 3,577.03 hit on Oct. 12.</p><p>But what would send the 2023 rally decisively off the rails?</p><p>To answer that question, it helps to think about what has been driving the rally. Mark Hackett, chief of investment research at Nationwide, argues that the rally has largely been about fears that never materialized.</p><p>“I would say about 90% of the move that we’ve seen over the last 10 months has really been a walking back from the ledge of fear,” Hackett told MarketWatch, in a phone interview.</p><p>The October 2022 lows came as the Federal Reserve was hiking the fed-funds rate in outsize 75 basis point increments, inflation was just coming off its June peak last year above 9% and expectations for an imminent recession, or “hard landing,” were running hot.</p><p>Tom Essaye, founder of Sevens Report Research, contends the rally has been built on three pillars: The Fed is now seen by many investors as likely finished, or nearly finished, raising interest rates; the economy appears set to possibly avert a recession altogether, and inflation has remained largely on a downward path.</p><p style=\"text-align: start;\">So trouble for the market would emerge if economic data were to falter and begin pointing to a hard landing, core inflation leveled off or bounced, or Fed Chair Jerome Powell signaled another rate hike is “definitely coming” and caused a further rise in Treasury yields.</p><p style=\"text-align: start;\">“This scenario would essentially undermine the three pillars of the rally, and as such investors should expect a substantial decline in stocks, even considering the recent pullback,” Essaye said in a note last week. “In fact, a decline of much more than 10% would be likely in this scenario, as it would undermine most of the rationale for the gains in stocks since June (and perhaps all of 2023).”</p><p style=\"text-align: start;\">That scenario has yet to materialize.</p><p style=\"text-align: start;\">The year-over-year rate of inflation as measured by the U.S. consumer price index rose to 3.2% in July from 3% in June, data showed last week. But the core rate, which strips out food and energy, slowed to 4.7% from 4.8%. The July producer price index, a measure of costs at the wholesale level, came in a touch stronger than expected, but didn’t change investor expectations for the Federal Reserve to leave rates unchanged when policy makers next meet in September.</p><p style=\"text-align: start;\">Policy makers will see another round of jobs data, including the August employment report, and inflation figures before that meeting.</p><p style=\"text-align: start;\">Meanwhile, a jump in Treasury yields, with the rate on the 10-year note pushing back above 4.15% after hitting a 2023 high near 4.2% earlier this month, is getting much of the blame for continued softness in the stock market. Rising yields can make Treasurys look more attractive than other assets and also raise the cost of financing for companies.</p><p style=\"text-align: start;\">The S&amp;P 500 edged down 0.3% last week, suffering its first back-to-back weekly decline since May. The large-cap benchmark is down 2.7% so far in August, trimming its year-to-date gain to 16.3%. The Dow Jones Industrial Average rose 0.6%, while the Nasdaq Composite shed 1.9%.</p><p>A lack of obvious near-term catalysts could set the stage for the market to further struggle. A light week lies ahead for U.S. economic data, featuring July retail sales on Monday and the release of the minutes of the Fed’s July meeting on Wednesday.</p><p style=\"text-align: start;\">A slew of major retailers are set to deliver results as the second quarter earnings reporting season enters its final stretch.</p><p style=\"text-align: start;\">Nationwide’s Hackett said the market setup coming into August was nearly a mirror image of October’s gloomfest. Hedge funds and other large investors are no longer betting against the market, while longtime bears and pessimistic economists are throwing in the towel and issuing mea culpas.</p><p style=\"text-align: start;\">Stocks have rallied since late last year as fears priced into the market didn’t materialize, but now that dynamic is gone.</p><p>Just as overwhelming pessimism set the stage for the market rally, widespread optimism over a “Goldilocks” scenario of falling inflation, a tame Fed and solid economic growth could eventually spell trouble for the bulls, Hackett said. Expectations don’t yet appear that extreme, but bear watching, he said.</p><p style=\"text-align: start;\">Meanwhile, investors also face seasonal concerns. August is historically a middling month for the S&amp;P 500, producing an average gain of 0.67% based on data going back to 1928, according to Dow Jones Market Data. That makes August the fifth-worst performing month for the S&amp;P 500. September is the worst performing month, producing an average downturn of 1.1%.</p><p style=\"text-align: start;\">For the Dow Jones Industrial Average, August has seen an average return of negative 0.8% since 1986, making it the worst performing month for the blue-chip gauge. In the decades before 1986, August was the blue-chip gauge’s best month.</p><p>And then there’s volatility.</p><p style=\"text-align: start;\">Going back to 1990, the Cboe Volatility Index, known as the VIX, has seen its yearly peak most often in January (six times), followed by August and October at five times each, noted Jessica Rabe, co-founder of DataTrek Research, in a note last week.</p><p>By that measure, investors are now in the middle of one of the most volatile months of the year with still another to come in October.</p><p style=\"text-align: start;\">“U.S. equities tend to outperform during calmer environments, so it makes sense that they rallied in July, but are struggling so far in August,” Rabe said. “The upshot: seasonal trends say U.S. equities could prove whippy through October until quieting down during the last two months of the year.”</p><p style=\"text-align: start;\">Hackett doesn’t expect the bull market to come off the rails, but sees scope for some near-term consolidation that will likely prove healthy over the long run.</p><p style=\"text-align: start;\">“It’s something that you don’t want to try to be too cute with because I don’t see the market as being really susceptible to a significant period of pain. I think it’s just a pretty natural, pretty healthy consolidation phase,” he said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","BK4585":"ETF&股票定投概念","BK4559":"巴菲特持仓","BK4534":"瑞士信贷持仓",".IXIC":"NASDAQ Composite","BK4550":"红杉资本持仓","BK4588":"碎股","BK4504":"桥水持仓",".DJI":"道琼斯","BK4581":"高盛持仓"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2359798580","content_text":"Call it the end-of-summer blues.Stock-market bulls face a late summer storm.History shows that things can get ugly — and volatile — for the U.S. stock market in August and September. So a rocky start to the month shouldn’t be a big surprise. Indeed, even bulls might pine for some near-term consolidation after a torrid run that saw the S&P 500 index rally nearly 20% over the first seven months of 2023. Through Friday’s close, the index is still up nearly 25% from its bear-market closing low of 3,577.03 hit on Oct. 12.But what would send the 2023 rally decisively off the rails?To answer that question, it helps to think about what has been driving the rally. Mark Hackett, chief of investment research at Nationwide, argues that the rally has largely been about fears that never materialized.“I would say about 90% of the move that we’ve seen over the last 10 months has really been a walking back from the ledge of fear,” Hackett told MarketWatch, in a phone interview.The October 2022 lows came as the Federal Reserve was hiking the fed-funds rate in outsize 75 basis point increments, inflation was just coming off its June peak last year above 9% and expectations for an imminent recession, or “hard landing,” were running hot.Tom Essaye, founder of Sevens Report Research, contends the rally has been built on three pillars: The Fed is now seen by many investors as likely finished, or nearly finished, raising interest rates; the economy appears set to possibly avert a recession altogether, and inflation has remained largely on a downward path.So trouble for the market would emerge if economic data were to falter and begin pointing to a hard landing, core inflation leveled off or bounced, or Fed Chair Jerome Powell signaled another rate hike is “definitely coming” and caused a further rise in Treasury yields.“This scenario would essentially undermine the three pillars of the rally, and as such investors should expect a substantial decline in stocks, even considering the recent pullback,” Essaye said in a note last week. “In fact, a decline of much more than 10% would be likely in this scenario, as it would undermine most of the rationale for the gains in stocks since June (and perhaps all of 2023).”That scenario has yet to materialize.The year-over-year rate of inflation as measured by the U.S. consumer price index rose to 3.2% in July from 3% in June, data showed last week. But the core rate, which strips out food and energy, slowed to 4.7% from 4.8%. The July producer price index, a measure of costs at the wholesale level, came in a touch stronger than expected, but didn’t change investor expectations for the Federal Reserve to leave rates unchanged when policy makers next meet in September.Policy makers will see another round of jobs data, including the August employment report, and inflation figures before that meeting.Meanwhile, a jump in Treasury yields, with the rate on the 10-year note pushing back above 4.15% after hitting a 2023 high near 4.2% earlier this month, is getting much of the blame for continued softness in the stock market. Rising yields can make Treasurys look more attractive than other assets and also raise the cost of financing for companies.The S&P 500 edged down 0.3% last week, suffering its first back-to-back weekly decline since May. The large-cap benchmark is down 2.7% so far in August, trimming its year-to-date gain to 16.3%. The Dow Jones Industrial Average rose 0.6%, while the Nasdaq Composite shed 1.9%.A lack of obvious near-term catalysts could set the stage for the market to further struggle. A light week lies ahead for U.S. economic data, featuring July retail sales on Monday and the release of the minutes of the Fed’s July meeting on Wednesday.A slew of major retailers are set to deliver results as the second quarter earnings reporting season enters its final stretch.Nationwide’s Hackett said the market setup coming into August was nearly a mirror image of October’s gloomfest. Hedge funds and other large investors are no longer betting against the market, while longtime bears and pessimistic economists are throwing in the towel and issuing mea culpas.Stocks have rallied since late last year as fears priced into the market didn’t materialize, but now that dynamic is gone.Just as overwhelming pessimism set the stage for the market rally, widespread optimism over a “Goldilocks” scenario of falling inflation, a tame Fed and solid economic growth could eventually spell trouble for the bulls, Hackett said. Expectations don’t yet appear that extreme, but bear watching, he said.Meanwhile, investors also face seasonal concerns. August is historically a middling month for the S&P 500, producing an average gain of 0.67% based on data going back to 1928, according to Dow Jones Market Data. That makes August the fifth-worst performing month for the S&P 500. September is the worst performing month, producing an average downturn of 1.1%.For the Dow Jones Industrial Average, August has seen an average return of negative 0.8% since 1986, making it the worst performing month for the blue-chip gauge. In the decades before 1986, August was the blue-chip gauge’s best month.And then there’s volatility.Going back to 1990, the Cboe Volatility Index, known as the VIX, has seen its yearly peak most often in January (six times), followed by August and October at five times each, noted Jessica Rabe, co-founder of DataTrek Research, in a note last week.By that measure, investors are now in the middle of one of the most volatile months of the year with still another to come in October.“U.S. equities tend to outperform during calmer environments, so it makes sense that they rallied in July, but are struggling so far in August,” Rabe said. “The upshot: seasonal trends say U.S. equities could prove whippy through October until quieting down during the last two months of the year.”Hackett doesn’t expect the bull market to come off the rails, but sees scope for some near-term consolidation that will likely prove healthy over the long run.“It’s something that you don’t want to try to be too cute with because I don’t see the market as being really susceptible to a significant period of pain. I think it’s just a pretty natural, pretty healthy consolidation phase,” he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":224743775199352,"gmtCreate":1695878175222,"gmtModify":1695878792194,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Another strategy game play. Trade with care 🙏🙏","listText":"Another strategy game play. Trade with care 🙏🙏","text":"Another strategy game play. Trade with care 🙏🙏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/224743775199352","repostId":"2370765699","repostType":2,"repost":{"id":"2370765699","pubTimestamp":1695867006,"share":"https://ttm.financial/m/news/2370765699?lang=&edition=fundamental","pubTime":"2023-09-28 10:10","market":"sg","language":"en","title":"NIO Stock: Dilution Fears And Rumors","url":"https://stock-news.laohu8.com/highlight/detail?id=2370765699","media":"seeking alpha","summary":"NIO's stock slumped after news of a convertible bond offering, but the company's underlying business growth has picked up.NIO issued $1 billion worth of convertible bonds to fund manufacturing capacity and retail expansion.Market worries about an additional capital raise should ease as NIO denied planning one in the near future.Andy Feng Article Thesis NIO Inc.  is a company with a very volatile share price. Recently, news about an equity offering caused market worries that made NIO's stock slump closer to the 52-week low -- in the meantime, underlying business growth has finally picked up again. While there are question marks when it comes to NIO's future, the valuation isn't high for an electric vehicle stock. What Happened?","content":"<html><head></head><body><ul style=\"\"><li><p>NIO&#39;s stock slumped after news of a convertible bond offering, but the company&#39;s underlying business growth has picked up.</p></li><li><p>NIO issued $1 billion worth of convertible bonds to fund manufacturing capacity and retail expansion.</p></li><li><p>Market worries about an additional capital raise should ease as NIO denied planning one in the near future.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ddf0943a93f4ecd7825e6732cb46f8a\" alt=\"Andy Feng\" title=\"Andy Feng\" tg-width=\"750\" tg-height=\"563\"/><span>Andy Feng</span></p><h2 id=\"id_1536376911\">Article Thesis</h2><p>NIO Inc. (NYSE:NIO) is a company with a very volatile share price. Recently, news about an equity offering caused market worries that made NIO&#39;s stock slump closer to the 52-week low -- in the meantime, underlying business growth has finally picked up again. While there are question marks when it comes to NIO&#39;s future, the valuation isn&#39;t high for an electric vehicle stock.</p><h2 id=\"id_3475636150\">What Happened?</h2><p>NIO, one of the larger Chinese electric vehicle pure-play companies, has been in the news lately due to a capital raise and speculation that additional equity issuance might happen.</p><h4 id=\"id_404714265\">NIO&#39;s Convertible Bond Offering</h4><p>The first news item is a convertible bond offering that did happen. NIO issued $1 billion worth of convertible bonds, split evenly between bonds maturing in 2029 and bonds maturing in 2030 -- $500 million each. NIO is a fast-growing EV player that needs to invest heavily in order to build out manufacturing capacity, its retail footprint, and so on. At the same time, NIO is, like many other EV pure-plays, not profitable yet, which means that these investments are not financed via operating cash flows, but, instead, via cash on the balance sheet. When that starts to run lower, adding new capital via a bond offering, equity offering, or a &#34;mix&#34; between the two -- a convertible bond offering -- makes sense. Other growth companies, including current EV king Tesla (TSLA), have operated in a similar way, as we can clearly see when we take a look at Tesla&#39;s share count over the years:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2e89e80d7fee5892a099f2a036c60eb8\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"417\"/><span>Data by YCharts</span></p><p>Since Tesla went public, its share count has easily more than doubled. This was partially due to shares and options being issued to Elon Musk and Tesla&#39;s employees, but secondary offerings also played a major role. It has not hurt Tesla&#39;s share price, as underlying business growth was fast enough to more than offset the headwinds of a rising share count.</p><p>Ideally, the same will happen at NIO, too: If the share count climbs at a certain growth rate every year, but the revenue growth rate is substantially higher than the share count growth rate, then revenue per share will rise, no matter what. Of course, there is no guarantee that NIO&#39;s underlying business growth will be appealing, but in recent months, growth has accelerated -- more on that later.</p><p>While capital raises are more or less normal for fast-growing, not-yet-profitable companies such as NIO, the market still didn&#39;t like the convertible note offering. Shares continued to decline in a trend that began in early August when shares peaked around $15 -- they are now trading at just above $8.</p><p>NIO used some of the proceeds to buy back convertible bonds it had issued earlier, ones with maturity dates in 2026 and 2027. The bonds that NIO bought back had a face value of $500 million, meaning NIO still had substantial leftover cash to add to its balance sheet to fund future growth.</p><h4 id=\"id_3429752373\">Worries About Additional Capital Raise</h4><p>While the market didn&#39;t like the fact that the convertible bond offering <em>did</em> happen, the market also worried about an additional capital raise that has, at least so far, <em>not</em> happened.</p><p>There were some reports and rumors about NIO potentially seeking to raise another $3 billion worth of capital from investors. For a company that is valued at around $15 billion right now, that would make for a pretty substantial share count increase (assuming that NIO would issue equity, not debt). It would not be surprising to see shares experience selling pressure if NIO actually issued this much equity, but the company didn&#39;t do that. In fact, the company denied even planning an additional capital raise right now. This is the company&#39;s statement on the subject (see link above; highlights by author):</p><blockquote><p><em>The Company has been made aware of certain media speculations claiming that the Company is considering raising certain capital from investors, which have been widely circulated today. In light of the unusual market activity in the Company&#39;s American depositary shares today, </em><strong><em>the Company would like to clarify that the Company currently has no reportable capital raising activity, other than the recent convertible notes offering that was completed on September 25, 2023.</em></strong></p></blockquote><p>While the company does not deny that it will raise capital in the future -- denying that would make no sense, as the company doesn&#39;t know about its long-term cash needs yet -- it seems pretty clear that there will not be a capital raise anytime soon.</p><p>This should ease investors&#39; concerns, due to two reasons:</p><ul style=\"\"><li><p>First, with no additional capital raise planned right now, shareholders don&#39;t need to worry about dilution too much.</p></li><li><p>Second, NIO seemingly is happy with its cash balance now, which indicates that planned capital spending is aligned with the resources the company has access to right now. If no capital raise is planned in the foreseeable future, then one could argue that overspending isn&#39;t a major concern at NIO.</p></li></ul><h2 id=\"id_3492153863\">Operational Progress And Valuation</h2><p>The electric vehicle market continues to grow across different geographic markets, including in the US and China. As a Chinese EV player, NIO naturally is most exposed to Chinese EV demand.</p><p>While NIO&#39;s growth rate was pretty appealing over the last couple of years, growth declined during the first half of the current year -- even though others, such as BYD (OTCPK:BYDDY)(OTCPK:BYDDF) continued to deliver outstanding volume growth.</p><p>That was disappointing, as EV investors naturally want to see the companies they invest in generating strong business growth. However, NIO seems to have overcome headwinds such as supply chain issues now, as growth has improved markedly in recent months. New product introductions that fit well with what consumers in China are looking for also helped in improving NIO&#39;s business growth rate.</p><p>In August, NIO delivered more than 19,000 vehicles, which made for a growth rate of 81% compared to the same month one year earlier. That growth rate is very compelling, both in absolute terms and also compared to the much more meager growth NIO has been achieving during the first half of the current year.</p><p>This growth was partially driven by NIO&#39;s recent new model introductions, such as the ES6 smart SUV which has been well-received by consumers in its home market. While not as much of a volume model, the new ET7 sedan also has played a role in improving business growth at NIO, and due to its above-average sales price it should have a positive impact on revenues and margins going forward, all else equal.</p><p>NIO isn&#39;t profitable yet, thus we can&#39;t value the company based on the profits it generates, which would be one of the most common approaches to valuing a company&#39;s shares. We can, however, look at the revenues that NIO generates:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2e12a70c594fcb019a571735fbb2d50a\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"467\"/><span>Data by YCharts</span></p><p>Today, NIO trades at 1.7x forward (this year&#39;s) sales, based on current analyst estimates. That&#39;s a higher valuation compared to most legacy automobile companies, but far from expensive compared to other EV pure-plays. Tesla is valued at a 4.5x higher sales multiple, while Rivian Automotive (RIVN) and Lucid Group (LCID) are trading at big premiums compared to NIO as well. Tesla is profitable, unlike the other three, thus one can argue that a premium valuation is justified. But LCID and RIVN are pretty far from being profitable, they sell way fewer vehicles compared to NIO, and yet, they trade at high valuation premiums. While NIO being a Chinese company can be seen as a macro risk factor, one can also argue that this is an advantage for NIO, as China&#39;s EV market is the most important one in the world, and NIO is advantaged there, compared to American competitors.</p><h2 id=\"id_1076176056\">Takeaway</h2><p>While an investment in an unprofitable growth company undoubtedly comes with major uncertainties and risks, the violent selloff NIO has experienced over the last couple of weeks seems somewhat overdone.</p><p>NIO&#39;s growth has improved, and the valuation isn&#39;t high -- at least compared to other EV pure-play stocks. If NIO can keep up its volume growth rate, sales and margins should improve considerably going forward. Following the recent capital raise, the company also should have ample liquidity for a while, thus balance sheet worries have eased. With the valuation having come down a lot over the last couple of weeks, NIO is now a much better deal again than it was with shares trading in the mid-teens.</p><p>Editor&#39;s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.</p></body></html>","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>NIO Stock: Dilution Fears And Rumors</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\">\nNIO Stock: Dilution Fears And Rumors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-28 10:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4637600-nio-dilution-fears-and-rumors><strong>seeking alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NIO's stock slumped after news of a convertible bond offering, but the company's underlying business growth has picked up.NIO issued $1 billion worth of convertible bonds to fund manufacturing ...</p>\n\n<a href=\"https://seekingalpha.com/article/4637600-nio-dilution-fears-and-rumors\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","NIO.SI":"蔚来","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4592":"伊斯兰概念","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4531":"中概回港概念","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","NIO":"蔚来","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","BK4509":"腾讯概念","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4527":"明星科技股","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4550":"红杉资本持仓","BK4588":"碎股","LU2063271972.USD":"富兰克林创新领域基金","BK4574":"无人驾驶","BK4551":"寇图资本持仓","09866":"蔚来-SW","LU0823414478.USD":"法巴经典能源转换基金","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4511":"特斯拉概念","LU1548497426.USD":"安联环球人工智能AT Acc","LU0052750758.USD":"富兰克林中国基金A Acc"},"source_url":"https://seekingalpha.com/article/4637600-nio-dilution-fears-and-rumors","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2370765699","content_text":"NIO's stock slumped after news of a convertible bond offering, but the company's underlying business growth has picked up.NIO issued $1 billion worth of convertible bonds to fund manufacturing capacity and retail expansion.Market worries about an additional capital raise should ease as NIO denied planning one in the near future.Andy FengArticle ThesisNIO Inc. (NYSE:NIO) is a company with a very volatile share price. Recently, news about an equity offering caused market worries that made NIO's stock slump closer to the 52-week low -- in the meantime, underlying business growth has finally picked up again. While there are question marks when it comes to NIO's future, the valuation isn't high for an electric vehicle stock.What Happened?NIO, one of the larger Chinese electric vehicle pure-play companies, has been in the news lately due to a capital raise and speculation that additional equity issuance might happen.NIO's Convertible Bond OfferingThe first news item is a convertible bond offering that did happen. NIO issued $1 billion worth of convertible bonds, split evenly between bonds maturing in 2029 and bonds maturing in 2030 -- $500 million each. NIO is a fast-growing EV player that needs to invest heavily in order to build out manufacturing capacity, its retail footprint, and so on. At the same time, NIO is, like many other EV pure-plays, not profitable yet, which means that these investments are not financed via operating cash flows, but, instead, via cash on the balance sheet. When that starts to run lower, adding new capital via a bond offering, equity offering, or a \"mix\" between the two -- a convertible bond offering -- makes sense. Other growth companies, including current EV king Tesla (TSLA), have operated in a similar way, as we can clearly see when we take a look at Tesla's share count over the years:Data by YChartsSince Tesla went public, its share count has easily more than doubled. This was partially due to shares and options being issued to Elon Musk and Tesla's employees, but secondary offerings also played a major role. It has not hurt Tesla's share price, as underlying business growth was fast enough to more than offset the headwinds of a rising share count.Ideally, the same will happen at NIO, too: If the share count climbs at a certain growth rate every year, but the revenue growth rate is substantially higher than the share count growth rate, then revenue per share will rise, no matter what. Of course, there is no guarantee that NIO's underlying business growth will be appealing, but in recent months, growth has accelerated -- more on that later.While capital raises are more or less normal for fast-growing, not-yet-profitable companies such as NIO, the market still didn't like the convertible note offering. Shares continued to decline in a trend that began in early August when shares peaked around $15 -- they are now trading at just above $8.NIO used some of the proceeds to buy back convertible bonds it had issued earlier, ones with maturity dates in 2026 and 2027. The bonds that NIO bought back had a face value of $500 million, meaning NIO still had substantial leftover cash to add to its balance sheet to fund future growth.Worries About Additional Capital RaiseWhile the market didn't like the fact that the convertible bond offering did happen, the market also worried about an additional capital raise that has, at least so far, not happened.There were some reports and rumors about NIO potentially seeking to raise another $3 billion worth of capital from investors. For a company that is valued at around $15 billion right now, that would make for a pretty substantial share count increase (assuming that NIO would issue equity, not debt). It would not be surprising to see shares experience selling pressure if NIO actually issued this much equity, but the company didn't do that. In fact, the company denied even planning an additional capital raise right now. This is the company's statement on the subject (see link above; highlights by author):The Company has been made aware of certain media speculations claiming that the Company is considering raising certain capital from investors, which have been widely circulated today. In light of the unusual market activity in the Company's American depositary shares today, the Company would like to clarify that the Company currently has no reportable capital raising activity, other than the recent convertible notes offering that was completed on September 25, 2023.While the company does not deny that it will raise capital in the future -- denying that would make no sense, as the company doesn't know about its long-term cash needs yet -- it seems pretty clear that there will not be a capital raise anytime soon.This should ease investors' concerns, due to two reasons:First, with no additional capital raise planned right now, shareholders don't need to worry about dilution too much.Second, NIO seemingly is happy with its cash balance now, which indicates that planned capital spending is aligned with the resources the company has access to right now. If no capital raise is planned in the foreseeable future, then one could argue that overspending isn't a major concern at NIO.Operational Progress And ValuationThe electric vehicle market continues to grow across different geographic markets, including in the US and China. As a Chinese EV player, NIO naturally is most exposed to Chinese EV demand.While NIO's growth rate was pretty appealing over the last couple of years, growth declined during the first half of the current year -- even though others, such as BYD (OTCPK:BYDDY)(OTCPK:BYDDF) continued to deliver outstanding volume growth.That was disappointing, as EV investors naturally want to see the companies they invest in generating strong business growth. However, NIO seems to have overcome headwinds such as supply chain issues now, as growth has improved markedly in recent months. New product introductions that fit well with what consumers in China are looking for also helped in improving NIO's business growth rate.In August, NIO delivered more than 19,000 vehicles, which made for a growth rate of 81% compared to the same month one year earlier. That growth rate is very compelling, both in absolute terms and also compared to the much more meager growth NIO has been achieving during the first half of the current year.This growth was partially driven by NIO's recent new model introductions, such as the ES6 smart SUV which has been well-received by consumers in its home market. While not as much of a volume model, the new ET7 sedan also has played a role in improving business growth at NIO, and due to its above-average sales price it should have a positive impact on revenues and margins going forward, all else equal.NIO isn't profitable yet, thus we can't value the company based on the profits it generates, which would be one of the most common approaches to valuing a company's shares. We can, however, look at the revenues that NIO generates:Data by YChartsToday, NIO trades at 1.7x forward (this year's) sales, based on current analyst estimates. That's a higher valuation compared to most legacy automobile companies, but far from expensive compared to other EV pure-plays. Tesla is valued at a 4.5x higher sales multiple, while Rivian Automotive (RIVN) and Lucid Group (LCID) are trading at big premiums compared to NIO as well. Tesla is profitable, unlike the other three, thus one can argue that a premium valuation is justified. But LCID and RIVN are pretty far from being profitable, they sell way fewer vehicles compared to NIO, and yet, they trade at high valuation premiums. While NIO being a Chinese company can be seen as a macro risk factor, one can also argue that this is an advantage for NIO, as China's EV market is the most important one in the world, and NIO is advantaged there, compared to American competitors.TakeawayWhile an investment in an unprofitable growth company undoubtedly comes with major uncertainties and risks, the violent selloff NIO has experienced over the last couple of weeks seems somewhat overdone.NIO's growth has improved, and the valuation isn't high -- at least compared to other EV pure-play stocks. If NIO can keep up its volume growth rate, sales and margins should improve considerably going forward. Following the recent capital raise, the company also should have ample liquidity for a while, thus balance sheet worries have eased. With the valuation having come down a lot over the last couple of weeks, NIO is now a much better deal again than it was with shares trading in the mid-teens.Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941598844,"gmtCreate":1680363313489,"gmtModify":1680363317961,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"$11.16 is the next resistance level till end of June 2023. My own chart 🙏🙏 Thank You.&nbsp;","listText":"$11.16 is the next resistance level till end of June 2023. My own chart 🙏🙏 Thank You.&nbsp;","text":"$11.16 is the next resistance level till end of June 2023. My own chart 🙏🙏 Thank You.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":21,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941598844","repostId":"1108517622","repostType":4,"repost":{"id":"1108517622","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":1680342165,"share":"https://ttm.financial/m/news/1108517622?lang=&edition=fundamental","pubTime":"2023-04-01 17:42","market":"us","language":"en","title":"NIO Delivers 10,378 Vehicles in March 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=1108517622","media":"Tiger Newspress","summary":"NIO delivered 10,378 vehicles in March 2023NIO delivered 31,041 vehicles in the three months ended M","content":"<html><head></head><body><ul><li><p><em>NIO delivered 10,378 vehicles in March 2023</em></p></li><li><p><em>NIO delivered 31,041 vehicles in the three months ended March 2023, increasing by 20.5% year-over-year</em></p></li><li><p><em>Cumulative deliveries of NIO vehicles reached 320,597 as of March 31, 2023</em></p></li></ul><p>NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) today announced its March and first quarter 2023 delivery results.</p><p>NIO delivered 10,378 vehicles in March 2023. The deliveries consisted of 3,203 premium smart electric SUVs, and 7,175 premium smart electric sedans. NIO delivered 31,041 vehicles in the first quarter of 2023, representing an increase of 20.5% year-over-year. Cumulative deliveries of NIO vehicles reached 320,597 as of March 31, 2023.</p><p>Starting from March 28, 2023, NIO has rolled out the deployment of the third-generation Power Swap station in China, with each station having a service capacity of up to 408 swaps per day. As of March 31, 2023, NIO had deployed 1,339 Power Swap stations, 1,285 Power Charger stations with 6,467 chargers, and 1,154 destination charging stations with 7,993 chargers worldwide. NIO will speed up the expansion of the battery swapping network, and plans to install 1,000 Power Swap stations in 2023.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d86375244fb92102109e0063b6f11ea\" alt=\"News Release image\" title=\"News Release image\" tg-width=\"7679\" tg-height=\"3670\"/><span>News Release image</span></p><p>NIO has been gradually releasing NOP+ Beta to vehicles based on NIO Technology 2.0 (NT2.0). Since its debut on December 27, 2022, more than 30,000 users have activated and engaged NOP+ Beta, and the cumulative mileage has exceeded 15 million kilometers. Powered by our full-stack inhouse-developed intelligent driving technologies and closed-loop data management, NOP+ Beta has realized significant improvements in aspects of sense of reassurance, comfort and efficiency. Going forward, NIO will gradually deliver more features through over-the-air update to continuously improve users’ intelligent driving experience.</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>NIO Delivers 10,378 Vehicles in March 2023</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\">\nNIO Delivers 10,378 Vehicles in March 2023\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\">2023-04-01 17:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li><p><em>NIO delivered 10,378 vehicles in March 2023</em></p></li><li><p><em>NIO delivered 31,041 vehicles in the three months ended March 2023, increasing by 20.5% year-over-year</em></p></li><li><p><em>Cumulative deliveries of NIO vehicles reached 320,597 as of March 31, 2023</em></p></li></ul><p>NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) today announced its March and first quarter 2023 delivery results.</p><p>NIO delivered 10,378 vehicles in March 2023. The deliveries consisted of 3,203 premium smart electric SUVs, and 7,175 premium smart electric sedans. NIO delivered 31,041 vehicles in the first quarter of 2023, representing an increase of 20.5% year-over-year. Cumulative deliveries of NIO vehicles reached 320,597 as of March 31, 2023.</p><p>Starting from March 28, 2023, NIO has rolled out the deployment of the third-generation Power Swap station in China, with each station having a service capacity of up to 408 swaps per day. As of March 31, 2023, NIO had deployed 1,339 Power Swap stations, 1,285 Power Charger stations with 6,467 chargers, and 1,154 destination charging stations with 7,993 chargers worldwide. NIO will speed up the expansion of the battery swapping network, and plans to install 1,000 Power Swap stations in 2023.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d86375244fb92102109e0063b6f11ea\" alt=\"News Release image\" title=\"News Release image\" tg-width=\"7679\" tg-height=\"3670\"/><span>News Release image</span></p><p>NIO has been gradually releasing NOP+ Beta to vehicles based on NIO Technology 2.0 (NT2.0). Since its debut on December 27, 2022, more than 30,000 users have activated and engaged NOP+ Beta, and the cumulative mileage has exceeded 15 million kilometers. Powered by our full-stack inhouse-developed intelligent driving technologies and closed-loop data management, NOP+ Beta has realized significant improvements in aspects of sense of reassurance, comfort and efficiency. Going forward, NIO will gradually deliver more features through over-the-air update to continuously improve users’ intelligent driving experience.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","09866":"蔚来-SW","NIO.SI":"蔚来"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108517622","content_text":"NIO delivered 10,378 vehicles in March 2023NIO delivered 31,041 vehicles in the three months ended March 2023, increasing by 20.5% year-over-yearCumulative deliveries of NIO vehicles reached 320,597 as of March 31, 2023NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) today announced its March and first quarter 2023 delivery results.NIO delivered 10,378 vehicles in March 2023. The deliveries consisted of 3,203 premium smart electric SUVs, and 7,175 premium smart electric sedans. NIO delivered 31,041 vehicles in the first quarter of 2023, representing an increase of 20.5% year-over-year. Cumulative deliveries of NIO vehicles reached 320,597 as of March 31, 2023.Starting from March 28, 2023, NIO has rolled out the deployment of the third-generation Power Swap station in China, with each station having a service capacity of up to 408 swaps per day. As of March 31, 2023, NIO had deployed 1,339 Power Swap stations, 1,285 Power Charger stations with 6,467 chargers, and 1,154 destination charging stations with 7,993 chargers worldwide. NIO will speed up the expansion of the battery swapping network, and plans to install 1,000 Power Swap stations in 2023.News Release imageNIO has been gradually releasing NOP+ Beta to vehicles based on NIO Technology 2.0 (NT2.0). Since its debut on December 27, 2022, more than 30,000 users have activated and engaged NOP+ Beta, and the cumulative mileage has exceeded 15 million kilometers. Powered by our full-stack inhouse-developed intelligent driving technologies and closed-loop data management, NOP+ Beta has realized significant improvements in aspects of sense of reassurance, comfort and efficiency. Going forward, NIO will gradually deliver more features through over-the-air update to continuously improve users’ intelligent driving experience.","news_type":1},"isVote":1,"tweetType":1,"viewCount":49,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":273083988005080,"gmtCreate":1707708845742,"gmtModify":1707708850697,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Can be cheaper slightly more.&nbsp;","listText":"Can be cheaper slightly more.&nbsp;","text":"Can be cheaper slightly more.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/273083988005080","repostId":"2410044636","repostType":2,"isVote":1,"tweetType":1,"viewCount":291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":217655223107616,"gmtCreate":1694166493757,"gmtModify":1694166498621,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Anything possible nowadays. Just curious why out of a sudden and it surfaced.&nbsp;","listText":"Anything possible nowadays. Just curious why out of a sudden and it surfaced.&nbsp;","text":"Anything possible nowadays. Just curious why out of a sudden and it surfaced.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/217655223107616","repostId":"1118270256","repostType":2,"repost":{"id":"1118270256","pubTimestamp":1694139251,"share":"https://ttm.financial/m/news/1118270256?lang=&edition=fundamental","pubTime":"2023-09-08 10:14","market":"us","language":"en","title":"PDD Stock Alert: Grizzly Research Slams Pinduoduo in New Short Report","url":"https://stock-news.laohu8.com/highlight/detail?id=1118270256","media":"InvestorPlace","summary":"Grizzly Research has released a detailed short report on a Chinese tech leader.The market research firm has raised some alarming concerns about $PDD Holdings $.According to its findings, e-commerce app TEMU is harvesting users data.Have you downloaded Temu?Let’s dive deeper into this story and assess what investors should be expecting as the dust continues to settle.What’s Happening With PDD Stock?Since Grizzly Research published the report yesterday, PDD stock has been highly volatile. As of th","content":"<html><head></head><body><ul style=\"\"><li><p>Grizzly Research has released a detailed short report on a Chinese tech leader.</p></li><li><p>The market research firm has raised some alarming concerns about <a href=\"https://laohu8.com/S/PDD\">PDD Holdings </a>.</p></li><li><p>According to its findings, e-commerce app TEMU is harvesting users data.</p></li></ul><p>Have you downloaded Temu? If so, Grizzly Research believes you may be exposed to dangerous spyware. The market research firm has released a damning short report on Temu’s parent company <a href=\"https://laohu8.com/S/PDD\">PDD Holdings</a>.</p><p style=\"text-align: start;\">In short, it believes that the popular shopping app contains hidden spyware that poses a threat to U.S. national security. The report describes PDD, or Pinduoduo, as a “dying, fraudulent company,” raising highly concerning suspicions.</p><p style=\"text-align: start;\">PDD stock is falling today on the news as the market reacts to the evidence brought forth by Grizzly. Shares are likely to keep declining as U.S. investors rush to cut ties with the company.</p><p style=\"text-align: start;\">Does this mean that everyone should be concerned about Temu? Let’s dive deeper into this story and assess what investors should be expecting as the dust continues to settle.</p><h2 id=\"id_1875558912\" style=\"text-align: start;\">What’s Happening With PDD Stock?</h2><p style=\"text-align: start;\">Since Grizzly Research published the report yesterday, PDD stock has been highly volatile. It is down 4.9% for the day. Its current trajectory suggests that a rebound is possible. However, that’s likely due to general market momentum.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/183523a685054ece3d3ac5a4fa0dc942\" tg-width=\"795\" tg-height=\"621\"/></p><p style=\"text-align: start;\">Investors shouldn’t interpret its current performance as an indication that the short report is insignificant. More than likely, the market is still adjusting to the firm’s findings.</p><p style=\"text-align: start;\">What exactly did Grizzly’s research team find during its investigation of PDD? There’s a lot to unpack, so let’s dig in.</p><p style=\"text-align: start;\">In the report, Grizzly notes that its staff worked with independent data security experts to closely examine Temu’s code. It found that the app has hidden functions that allow for extensive data exfiltration unbeknown to users, potentially giving bad actors full access to almost all data on customers’ mobile devices.”</p><p style=\"text-align: start;\">The firm also noted that over the last nine months, Temu has been downloaded over 100 million times — but only by users in the U.S. and Europe. It highlights the fact that the app isn’t available in China as further evidence of its spyware concerns.</p><p style=\"text-align: start;\">Many downloads may have happened under nefarious circumstances. Grizzly’s team accuses Temu of using “the most aggressive and questionable techniques to manipulate large numbers of people to install the app.”</p><p style=\"text-align: start;\">The research firm makes its central thesis clear — it suspects that Temu is already selling data it has harvested from users or that it intends to start doing so shortly. Grizzly sees this as the only possible way for it to sustain a business model that is otherwise destined to fail.</p><p style=\"text-align: start;\">It argues that peddling cheap, Chinese made goods is not a functional business model on its own. Wish.com, now <a href=\"https://laohu8.com/S/WISH\">ContextLogic</a>, and Shein are notable examples of why that doesn’t work. Grizzly also references a May report from WIRED that found evidence of Temu losing up to $30 per order.</p><h2 id=\"id_3787021895\" style=\"text-align: start;\">Why It Matters</h2><p style=\"text-align: start;\">It’s unclear what will happen now, but an investigation into Temu likely isn’t far away. U.S. regulators have made numerous attempts to crack down on Chinese companies that trade on American markets. If any allegations made by Grizzly are found to be true, PDD stock could easily face disciplinary action, including being delisted.</p><p style=\"text-align: start;\">In the meantime, shares are likely to keep falling as the dust settles and more information about Temu and Pinduoduo comes to light. Investors should prepare for users to start deleting the app as this story continues to circulate, pushing PDD stock down even more.</p></body></html>","source":"investorplace_stock_picks","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>PDD Stock Alert: Grizzly Research Slams Pinduoduo in New Short Report</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\">\nPDD Stock Alert: Grizzly Research Slams Pinduoduo in New Short Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-08 10:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/09/pdd-stock-alert-grizzly-research-slams-pinduoduo-in-new-short-report/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Grizzly Research has released a detailed short report on a Chinese tech leader.The market research firm has raised some alarming concerns about PDD Holdings .According to its findings, e-commerce app ...</p>\n\n<a href=\"https://investorplace.com/2023/09/pdd-stock-alert-grizzly-research-slams-pinduoduo-in-new-short-report/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PDD":"拼多多"},"source_url":"https://investorplace.com/2023/09/pdd-stock-alert-grizzly-research-slams-pinduoduo-in-new-short-report/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118270256","content_text":"Grizzly Research has released a detailed short report on a Chinese tech leader.The market research firm has raised some alarming concerns about PDD Holdings .According to its findings, e-commerce app TEMU is harvesting users data.Have you downloaded Temu? If so, Grizzly Research believes you may be exposed to dangerous spyware. The market research firm has released a damning short report on Temu’s parent company PDD Holdings.In short, it believes that the popular shopping app contains hidden spyware that poses a threat to U.S. national security. The report describes PDD, or Pinduoduo, as a “dying, fraudulent company,” raising highly concerning suspicions.PDD stock is falling today on the news as the market reacts to the evidence brought forth by Grizzly. Shares are likely to keep declining as U.S. investors rush to cut ties with the company.Does this mean that everyone should be concerned about Temu? Let’s dive deeper into this story and assess what investors should be expecting as the dust continues to settle.What’s Happening With PDD Stock?Since Grizzly Research published the report yesterday, PDD stock has been highly volatile. It is down 4.9% for the day. Its current trajectory suggests that a rebound is possible. However, that’s likely due to general market momentum.Investors shouldn’t interpret its current performance as an indication that the short report is insignificant. More than likely, the market is still adjusting to the firm’s findings.What exactly did Grizzly’s research team find during its investigation of PDD? There’s a lot to unpack, so let’s dig in.In the report, Grizzly notes that its staff worked with independent data security experts to closely examine Temu’s code. It found that the app has hidden functions that allow for extensive data exfiltration unbeknown to users, potentially giving bad actors full access to almost all data on customers’ mobile devices.”The firm also noted that over the last nine months, Temu has been downloaded over 100 million times — but only by users in the U.S. and Europe. It highlights the fact that the app isn’t available in China as further evidence of its spyware concerns.Many downloads may have happened under nefarious circumstances. Grizzly’s team accuses Temu of using “the most aggressive and questionable techniques to manipulate large numbers of people to install the app.”The research firm makes its central thesis clear — it suspects that Temu is already selling data it has harvested from users or that it intends to start doing so shortly. Grizzly sees this as the only possible way for it to sustain a business model that is otherwise destined to fail.It argues that peddling cheap, Chinese made goods is not a functional business model on its own. Wish.com, now ContextLogic, and Shein are notable examples of why that doesn’t work. Grizzly also references a May report from WIRED that found evidence of Temu losing up to $30 per order.Why It MattersIt’s unclear what will happen now, but an investigation into Temu likely isn’t far away. U.S. regulators have made numerous attempts to crack down on Chinese companies that trade on American markets. If any allegations made by Grizzly are found to be true, PDD stock could easily face disciplinary action, including being delisted.In the meantime, shares are likely to keep falling as the dust settles and more information about Temu and Pinduoduo comes to light. Investors should prepare for users to start deleting the app as this story continues to circulate, pushing PDD stock down even more.","news_type":1},"isVote":1,"tweetType":1,"viewCount":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9928968451,"gmtCreate":1671170001074,"gmtModify":1676538503147,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Plenty of gd opportunities.&nbsp;","listText":"Plenty of gd opportunities.&nbsp;","text":"Plenty of gd opportunities.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":16,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9928968451","repostId":"2291168016","repostType":4,"repost":{"id":"2291168016","pubTimestamp":1671148936,"share":"https://ttm.financial/m/news/2291168016?lang=&edition=fundamental","pubTime":"2022-12-16 08:02","market":"us","language":"en","title":"Stocks Could Face Another Explosion of Volatility Friday As $4 Trillion of Options Expire in \"Quadruple Witching\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2291168016","media":"MarketWatch","summary":"Dow books affliction day in 3 month Thursday as recession fears rear alternate upThe banal bazaar co","content":"<html><head></head><body><p>Dow books affliction day in 3 month Thursday as recession fears rear alternate up</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f364b30b0ddc76e531ee4f6d1228eedb\" tg-width=\"1280\" tg-height=\"640\" referrerpolicy=\"no-referrer\"/><span>The banal bazaar could really-feel a little grumpier than accepted on Friday while “quadruple witching” rolls all over and a abundance of disinterestedness options and futures are set to expire.</span></p><p>Stocks have been on a agrarian ride this week, and altitude could still get weirder as traders brace for “quadruple witching” on Friday, while a flurry of disinterestedness options and futures affairs expire.</p><p>In particular, options affairs angry to $4 abundance in stocks, stock-index futures and exchange-traded payments are set to expire, authoritative Friday potentially the busiest day for options traders this year, in accordance to abstracts aggregate by Rocky Fishman, the arch of basis animation analysis at Goldman Sachs.</p><p>The term “quadruple witching” refers to days when a group of equity-linked options and futures contracts expire, such as tradestation telling. This only happens four times a year, once every quarter.</p><p><img src=\"https://static.tigerbbs.com/61ca827ef2d73c594ab99cd494f07b72\" tg-width=\"700\" tg-height=\"413\" referrerpolicy=\"no-referrer\"/></p><p>Additionally, the biggest slug of equity options expires in December, and this year is no exception, Fishman said, as the $4 trillion expiring Friday is the largest option exposure since at least the beginning of the year.</p><p>Reliance on options by both retail and institutional traders has increased this year as traders turn to short-term contracts to try to profit from large, last-minute swings, according to Callie Cox, US. Investment Analyst at eToro.</p><p>“We’ve seen a lot of retail clients look to options at the end of the year to think about hedging and speculating,” Cox said, adding that on Friday “there was going to be a huge option expiration.”</p><p>Options involving $2.4 trillion in S&amp;P 500 index futures are expected to be the main event on Friday, with hundreds of thousands of contracts with strike prices centered around the 4,000 level set to expire, according to Brent Kochuba, founder of options analytical service Spotgama.</p><p>Puts and calls on the large-cap index are “very focused on the 4,000 strike,” Kochuba said in emailed comments to MarketWatch, adding that the recent turbulence in the markets suggests that traders may be underestimating That’s how volatile markets can be at the end of the year.</p><p>The low level of liquidity, which is typical during the latter half of December, could weigh on stocks further as options dealers scramble to adjust their positions accordingly, said Garrett DeSimone, principal quant at Options Metrics.</p><p>“Large hypothetical expirations can cause turbulence, especially during periods of increased volatility or constrained liquidity. When large amounts are flushed through gamma expirations, it is important for market makers to adjust their delta hedges. Rebalancing has to go through. This can lead to short-term volatility in the markets, which can lead to higher volatility,” DeSimone said.</p><p>US stocks declined on Thursday, with the Dow Jones Industrial Average falling over 750 points to book its worst day in three months. S&amp;P 500 recorded its worst day in more than two months, while the Nasdaq Composite, It recorded its biggest decline since the beginning of November.</p></body></html>","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>Stocks Could Face Another Explosion of Volatility Friday As $4 Trillion of Options Expire in \"Quadruple Witching\"</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\">\nStocks Could Face Another Explosion of Volatility Friday As $4 Trillion of Options Expire in \"Quadruple Witching\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-16 08:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stocks-could-face-another-explosion-of-volatility-friday-as-4-trillion-of-options-expire-in-quadruple-witching-11671142359?mod=dist_amp_social&link=sfmw_tw&redirect=amp><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Dow books affliction day in 3 month Thursday as recession fears rear alternate upThe banal bazaar could really-feel a little grumpier than accepted on Friday while “quadruple witching” rolls all over ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stocks-could-face-another-explosion-of-volatility-friday-as-4-trillion-of-options-expire-in-quadruple-witching-11671142359?mod=dist_amp_social&link=sfmw_tw&redirect=amp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/stocks-could-face-another-explosion-of-volatility-friday-as-4-trillion-of-options-expire-in-quadruple-witching-11671142359?mod=dist_amp_social&link=sfmw_tw&redirect=amp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2291168016","content_text":"Dow books affliction day in 3 month Thursday as recession fears rear alternate upThe banal bazaar could really-feel a little grumpier than accepted on Friday while “quadruple witching” rolls all over and a abundance of disinterestedness options and futures are set to expire.Stocks have been on a agrarian ride this week, and altitude could still get weirder as traders brace for “quadruple witching” on Friday, while a flurry of disinterestedness options and futures affairs expire.In particular, options affairs angry to $4 abundance in stocks, stock-index futures and exchange-traded payments are set to expire, authoritative Friday potentially the busiest day for options traders this year, in accordance to abstracts aggregate by Rocky Fishman, the arch of basis animation analysis at Goldman Sachs.The term “quadruple witching” refers to days when a group of equity-linked options and futures contracts expire, such as tradestation telling. This only happens four times a year, once every quarter.Additionally, the biggest slug of equity options expires in December, and this year is no exception, Fishman said, as the $4 trillion expiring Friday is the largest option exposure since at least the beginning of the year.Reliance on options by both retail and institutional traders has increased this year as traders turn to short-term contracts to try to profit from large, last-minute swings, according to Callie Cox, US. Investment Analyst at eToro.“We’ve seen a lot of retail clients look to options at the end of the year to think about hedging and speculating,” Cox said, adding that on Friday “there was going to be a huge option expiration.”Options involving $2.4 trillion in S&P 500 index futures are expected to be the main event on Friday, with hundreds of thousands of contracts with strike prices centered around the 4,000 level set to expire, according to Brent Kochuba, founder of options analytical service Spotgama.Puts and calls on the large-cap index are “very focused on the 4,000 strike,” Kochuba said in emailed comments to MarketWatch, adding that the recent turbulence in the markets suggests that traders may be underestimating That’s how volatile markets can be at the end of the year.The low level of liquidity, which is typical during the latter half of December, could weigh on stocks further as options dealers scramble to adjust their positions accordingly, said Garrett DeSimone, principal quant at Options Metrics.“Large hypothetical expirations can cause turbulence, especially during periods of increased volatility or constrained liquidity. When large amounts are flushed through gamma expirations, it is important for market makers to adjust their delta hedges. Rebalancing has to go through. This can lead to short-term volatility in the markets, which can lead to higher volatility,” DeSimone said.US stocks declined on Thursday, with the Dow Jones Industrial Average falling over 750 points to book its worst day in three months. S&P 500 recorded its worst day in more than two months, while the Nasdaq Composite, It recorded its biggest decline since the beginning of November.","news_type":1},"isVote":1,"tweetType":1,"viewCount":94,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":268622966468744,"gmtCreate":1706604252805,"gmtModify":1706604257450,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Holding power, a significant Role🙏🙏","listText":"Holding power, a significant Role🙏🙏","text":"Holding power, a significant Role🙏🙏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/268622966468744","repostId":"2407825976","repostType":4,"repost":{"id":"2407825976","pubTimestamp":1706585994,"share":"https://ttm.financial/m/news/2407825976?lang=&edition=fundamental","pubTime":"2024-01-30 11:39","market":"us","language":"en","title":"NIO: EV Slump Won't Last","url":"https://stock-news.laohu8.com/highlight/detail?id=2407825976","media":"seekingalpha","summary":"NIO has seen its stock slump to $6 despite record production and signs of further growth in 2024.The company delivered 50,045 vehicles in Q4, slightly below Q3 records, but the amount surpassed the pr","content":"<html><head></head><body><ul style=\"\"><li><p>NIO has seen its stock slump to $6 despite record production and signs of further growth in 2024.</p></li><li><p>The company delivered 50,045 vehicles in Q4, slightly below Q3 records, but the amount surpassed the prior records by 10K vehicles.</p></li><li><p>NIO plans to expand production into sub-brands to enter the lower-cost vehicle market and estimates it controls over 40% of the ultra-premium market.</p></li><li><p>The stock only trades slightly above 1x sales despite all the growth opportunities ahead.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/680c750e333068206d2775e49ddf1535\" tg-width=\"750\" tg-height=\"500\"/></p><p>Robert Way/iStock Editorial via Getty Images</p><p><strong>NIO Inc.</strong> (NYSE:NIO) has been squeezed by negativity surrounding both the Chinese economy and electric vehicles (&#34;EVs&#34;) market. The stock has slumped to only $6 despite record production in the 2H&#39;23 and signs of further ramps in 2024 with move into sub-brands. My investment thesis is again ultra Bullish on the stock after the dip back down to the lows.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f26493c8277fc6a11b6e3696815dd8fc\" tg-width=\"996\" tg-height=\"442\"/></p><p>Source: Finviz</p><h2 id=\"id_3687534094\">Upwards</h2><p>NIO ended 2023 on a high note with December vehicle deliveries at 18,012. The Chinese EV company rebounded 13% from only 15,959 vehicle deliveries in November.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c9384616c4d0299a961af4e54c22cb57\" tg-width=\"640\" tg-height=\"346\"/></p><p>Source: CnEVPost</p><p>After a few very volatile years, NIO finally took production to the next level with the launch of the ES6 vehicle during the Summer. The EV company topped 20K vehicles for the first time in July and was able to keep monthly production levels around the 15K prior high from the end of 2022.</p><p>The quarterly deliver number has shown far more consistent growth with NIO delivering 50,045 vehicles in Q4. The number was just below the record delivery total of 55,432 in Q3&#39;23.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4a6e7d5097b589158bbab6d81cdda426\" tg-width=\"640\" tg-height=\"353\"/></p><p>Source: CnEVPost</p><p>Both quarters were far above the prior record of 40,052 vehicle deliveries back in Q4&#39;22. The quarter was nearly 10K units above the prior quarterly vehicle delivery record. In essence, NIO delivered nearly 20K vehicles more than any other quarter outside of Q4&#39;22.</p><p>The irony is that the stock trades at the all-time lows while vehicle deliveries are far above prior levels. When NIO was reporting prior record levels, the stock was trading at nearly $20 in a sign of how the market isn&#39;t in touch with actual results.</p><p>NIO hasn&#39;t always hit corporate targets, but the Chinese EV company has grown quarterly vehicle production from below 10K when Covid hit in 2020 to over 50K units now for 400%+ growth during the 3-year period.</p><p>The company is now expanding production into sub-brands to enter the lower cost vehicle markets. NIO estimates the company controls over 40% of the ultra premium market.</p><p>The Alps brand has a targeted price of $28K and NIO will start sales at some point during 2024. Apparently, the company will strip out some of the self-driving capabilities replacing the <strong>Nvidia</strong> (NVDA) chips with an internal developed chip while also stripping out the Lidar for a cheaper camera based system similar to what <strong>Tesla</strong> (TSLA) uses for the full-self driving, or FSD, concept. Also, NIO expects the battery swap technologies to provide a boost to more mass market brands due to the lack of home chargers for a consumer base living more in an urban environment and apartments.</p><p>The Alps brand will apparently start with an SUV with targeted starting price at the RMB 200,000 ($28,000) level and up to - RMB 250,000 market. <strong>Li Auto</strong> (LI) thrives at slightly higher auto prices and is targeting 800K units in 2024 while NIO thinks the driving assistance offered in the lower-priced vehicles will provide an advantage.</p><p>NIO appears set to launch the Alps model with the potential for much higher volumes, which could help contribute to more positive sentiment for the stock. The Chinese EV leader in the premium sector naturally sales less vehicles considering the just unveiled executive flagship sedan ET9 has a pre-sale price of RMB 800,000, or roughly $112,150.</p><h2 id=\"id_197464055\">Margin Focus</h2><p>A big aspect of the Q3&#39;23 quarter reported in early December was an updated look at the financials. The company finally boosted vehicle production to new record levels, but also NIO focused on cutting costs to get the EV business closer to sustainable cash flows.</p><p>The company reported record sales of $2.6 billion in the quarter and boosted vehicle margins back to 11.0% on $2.4 billion in vehicle sales. NIO hasn&#39;t completely recaptured the vehicle margin of the prior highs, but the company is producing a similar gross profit to cover fixed costs due to the higher vehicle sales, though other sales had a negative margin pushing the overall gross margin down to just 8.0%.</p><p>NIO lost $541 million in Q3 and the recent cost cuts weren&#39;t factored into these losses. The company announced plans to cut operating costs by up to 10% back in November and the non-GAAP operating expense base was $832 billion in the quarter.</p><p>The biggest issue facing NIO is that a huge deficit exists between the gross profit just topping $200 million and the operating expense base, even after a 10% cut. NIO needs $4 billion in quarterly revenues with a 20% vehicle margin in order to cover the current operating expense base, even if quarterly operating expenses were actually cut to below $750 million.</p><p>On the Q3&#39;23 earnings call, the CFO guided to a Q4&#39;23 vehicle margin of 15% with a 2024 target in the 15% to 18% range. Anything closer to 20% will set up the company to head towards the breakeven level, though the company will need substantial vehicle sales growth while maintaining the higher margins on the sub-brand vehicle sales.</p><p>Analysts forecast 2024 revenues of $11 billion with quarterly sales approaching $3 billion during Q4. As mentioned above, NIO would only deliver a gross profit of $600 million during the December quarter on a 20% vehicle margin while the company suggested the target is possibly just 18% this year.</p><p>NIO launched the new flagship model vehicle with a release date in March. Vehicle sales will probably be weak during Q1 with 2023 model prices apparently being slashed and other consumers waiting for the new model to buy a NIO EV.</p><p>The company ended September with a cash balance of $6.2 billion and NIO closed the equity investment from CYVN during December providing another cash infusion of $2.2 billion. The investment vehicle based in Abu Dhabi will own 20.1% of NIO after acquiring the 294 minion additional shares at $7.50 per share.</p><p>NIO now has over $2 billion shares outstanding with a market cap just below $13 billion. The Chinese EV company has sales targets topping $10 billion making the stock relatively cheap.</p><p>NIO needs to eliminate the losses via higher vehicle margins and lower operating expenses, which will show up in 2024. The combination of 15%+ vehicle margins and 10% lower operating expenses will squeeze several hundred million out of the quarterly losses. The stock will be far more appealing with the large cash balance more secure from being burned away via ongoing massive operating losses.</p><h2 id=\"id_3367825456\">Takeaway</h2><p>The key investor takeaway is that NIO is slowly building a strong brand in the Chinese EV market. The Chinese economy and overall EV weakness have hit the stock, but the company has a solid plan for cutting losses to more sustainable levels to allow the massive plans for a new sub-brand development, along with a charging swapping station network, to reach fruition.</p><p>Investors should use the ongoing weakness to snap up NIO.</p></body></html>","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>NIO: EV Slump Won't Last</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\">\nNIO: EV Slump Won't Last\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-30 11:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4665792-nio-ev-slump-wont-last><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NIO has seen its stock slump to $6 despite record production and signs of further growth in 2024.The company delivered 50,045 vehicles in Q4, slightly below Q3 records, but the amount surpassed the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4665792-nio-ev-slump-wont-last\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LI":"理想汽车","LU0080751232.USD":"富达环球多元动力基金A","BK4531":"中概回港概念","LU0061474960.USD":"天利环球焦点基金AU Acc","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0109392836.USD":"富兰克林科技股A","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","NIO.SI":"蔚来","BK4587":"ChatGPT概念","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","BK4527":"明星科技股","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","TSLA":"特斯拉","BK4554":"元宇宙及AR概念","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861558580.USD":"日兴方舟颠覆性创新基金B","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","NIO":"蔚来","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","09866":"蔚来-SW","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4563":"昨日强势股","LU0109391861.USD":"富兰克林美国机遇基金A Acc","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0079474960.USD":"联博美国增长基金A","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2"},"source_url":"https://seekingalpha.com/article/4665792-nio-ev-slump-wont-last","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2407825976","content_text":"NIO has seen its stock slump to $6 despite record production and signs of further growth in 2024.The company delivered 50,045 vehicles in Q4, slightly below Q3 records, but the amount surpassed the prior records by 10K vehicles.NIO plans to expand production into sub-brands to enter the lower-cost vehicle market and estimates it controls over 40% of the ultra-premium market.The stock only trades slightly above 1x sales despite all the growth opportunities ahead.Robert Way/iStock Editorial via Getty ImagesNIO Inc. (NYSE:NIO) has been squeezed by negativity surrounding both the Chinese economy and electric vehicles (\"EVs\") market. The stock has slumped to only $6 despite record production in the 2H'23 and signs of further ramps in 2024 with move into sub-brands. My investment thesis is again ultra Bullish on the stock after the dip back down to the lows.Source: FinvizUpwardsNIO ended 2023 on a high note with December vehicle deliveries at 18,012. The Chinese EV company rebounded 13% from only 15,959 vehicle deliveries in November.Source: CnEVPostAfter a few very volatile years, NIO finally took production to the next level with the launch of the ES6 vehicle during the Summer. The EV company topped 20K vehicles for the first time in July and was able to keep monthly production levels around the 15K prior high from the end of 2022.The quarterly deliver number has shown far more consistent growth with NIO delivering 50,045 vehicles in Q4. The number was just below the record delivery total of 55,432 in Q3'23.Source: CnEVPostBoth quarters were far above the prior record of 40,052 vehicle deliveries back in Q4'22. The quarter was nearly 10K units above the prior quarterly vehicle delivery record. In essence, NIO delivered nearly 20K vehicles more than any other quarter outside of Q4'22.The irony is that the stock trades at the all-time lows while vehicle deliveries are far above prior levels. When NIO was reporting prior record levels, the stock was trading at nearly $20 in a sign of how the market isn't in touch with actual results.NIO hasn't always hit corporate targets, but the Chinese EV company has grown quarterly vehicle production from below 10K when Covid hit in 2020 to over 50K units now for 400%+ growth during the 3-year period.The company is now expanding production into sub-brands to enter the lower cost vehicle markets. NIO estimates the company controls over 40% of the ultra premium market.The Alps brand has a targeted price of $28K and NIO will start sales at some point during 2024. Apparently, the company will strip out some of the self-driving capabilities replacing the Nvidia (NVDA) chips with an internal developed chip while also stripping out the Lidar for a cheaper camera based system similar to what Tesla (TSLA) uses for the full-self driving, or FSD, concept. Also, NIO expects the battery swap technologies to provide a boost to more mass market brands due to the lack of home chargers for a consumer base living more in an urban environment and apartments.The Alps brand will apparently start with an SUV with targeted starting price at the RMB 200,000 ($28,000) level and up to - RMB 250,000 market. Li Auto (LI) thrives at slightly higher auto prices and is targeting 800K units in 2024 while NIO thinks the driving assistance offered in the lower-priced vehicles will provide an advantage.NIO appears set to launch the Alps model with the potential for much higher volumes, which could help contribute to more positive sentiment for the stock. The Chinese EV leader in the premium sector naturally sales less vehicles considering the just unveiled executive flagship sedan ET9 has a pre-sale price of RMB 800,000, or roughly $112,150.Margin FocusA big aspect of the Q3'23 quarter reported in early December was an updated look at the financials. The company finally boosted vehicle production to new record levels, but also NIO focused on cutting costs to get the EV business closer to sustainable cash flows.The company reported record sales of $2.6 billion in the quarter and boosted vehicle margins back to 11.0% on $2.4 billion in vehicle sales. NIO hasn't completely recaptured the vehicle margin of the prior highs, but the company is producing a similar gross profit to cover fixed costs due to the higher vehicle sales, though other sales had a negative margin pushing the overall gross margin down to just 8.0%.NIO lost $541 million in Q3 and the recent cost cuts weren't factored into these losses. The company announced plans to cut operating costs by up to 10% back in November and the non-GAAP operating expense base was $832 billion in the quarter.The biggest issue facing NIO is that a huge deficit exists between the gross profit just topping $200 million and the operating expense base, even after a 10% cut. NIO needs $4 billion in quarterly revenues with a 20% vehicle margin in order to cover the current operating expense base, even if quarterly operating expenses were actually cut to below $750 million.On the Q3'23 earnings call, the CFO guided to a Q4'23 vehicle margin of 15% with a 2024 target in the 15% to 18% range. Anything closer to 20% will set up the company to head towards the breakeven level, though the company will need substantial vehicle sales growth while maintaining the higher margins on the sub-brand vehicle sales.Analysts forecast 2024 revenues of $11 billion with quarterly sales approaching $3 billion during Q4. As mentioned above, NIO would only deliver a gross profit of $600 million during the December quarter on a 20% vehicle margin while the company suggested the target is possibly just 18% this year.NIO launched the new flagship model vehicle with a release date in March. Vehicle sales will probably be weak during Q1 with 2023 model prices apparently being slashed and other consumers waiting for the new model to buy a NIO EV.The company ended September with a cash balance of $6.2 billion and NIO closed the equity investment from CYVN during December providing another cash infusion of $2.2 billion. The investment vehicle based in Abu Dhabi will own 20.1% of NIO after acquiring the 294 minion additional shares at $7.50 per share.NIO now has over $2 billion shares outstanding with a market cap just below $13 billion. The Chinese EV company has sales targets topping $10 billion making the stock relatively cheap.NIO needs to eliminate the losses via higher vehicle margins and lower operating expenses, which will show up in 2024. The combination of 15%+ vehicle margins and 10% lower operating expenses will squeeze several hundred million out of the quarterly losses. The stock will be far more appealing with the large cash balance more secure from being burned away via ongoing massive operating losses.TakeawayThe key investor takeaway is that NIO is slowly building a strong brand in the Chinese EV market. The Chinese economy and overall EV weakness have hit the stock, but the company has a solid plan for cutting losses to more sustainable levels to allow the massive plans for a new sub-brand development, along with a charging swapping station network, to reach fruition.Investors should use the ongoing weakness to snap up NIO.","news_type":1},"isVote":1,"tweetType":1,"viewCount":263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":203846194426136,"gmtCreate":1690773742449,"gmtModify":1690773747111,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Last week I mentioned to accumulate AMD, near term $124/-. Tap on this article..... think by end of 3rd Quarter of 2023..... will fly even further.... my wild guess.... another 18% on top of $124/-...... trade with care. Thank you.&nbsp;","listText":"Last week I mentioned to accumulate AMD, near term $124/-. Tap on this article..... think by end of 3rd Quarter of 2023..... will fly even further.... my wild guess.... another 18% on top of $124/-...... trade with care. Thank you.&nbsp;","text":"Last week I mentioned to accumulate AMD, near term $124/-. Tap on this article..... think by end of 3rd Quarter of 2023..... will fly even further.... my wild guess.... another 18% on top of $124/-...... trade with care. Thank you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/203846194426136","repostId":"2355622921","repostType":2,"repost":{"id":"2355622921","pubTimestamp":1690771901,"share":"https://ttm.financial/m/news/2355622921?lang=&edition=fundamental","pubTime":"2023-07-31 10:51","market":"us","language":"en","title":"AMD: Strong Read From Intel","url":"https://stock-news.laohu8.com/highlight/detail?id=2355622921","media":"seekingalpha","summary":"David Becker As with any competitor, a quarterly earnings report from a peer can provide great insight into the market. For Advanced Micro Devices (NASDAQ:AMD), the Q2'23 earnings report from Intel (I","content":"<html><head></head><body><h2 id=\"id_2000842170\" style=\"text-align: left;\">Summary</h2><ul><li><p>AMD investors got a strong read from the Intel Q2&#39;23 results posted last week.</p></li><li><p>The chip company could face some near-term data center pressure leading to long-term AI opportunities.</p></li><li><p>AMD stock is cheap at ~20x normalized EPS levels while the AI market provides substantial growth ahead.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3ffc34b2c0b585e1b7c63883d0e1ed36\" tg-width=\"750\" tg-height=\"499\"/></p><p>As with any competitor, a quarterly earnings report from a peer can provide great insight into the market. For <strong>Advanced Micro Devices</strong> (NASDAQ:AMD), the Q2&#39;23 earnings report from <strong>Intel</strong> (INTC) provides great views on the surging demand for AI chips and a rebound in PC demand crucial for AMD. My investment thesis remains ultra Bullish on AMD with the stock still trading down around $112 while other chips companies have rallied to multi-year highs.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f0cda4835bcc74af9fa201094c53b36b\" alt=\"Source: Finviz\" title=\"Source: Finviz\" tg-width=\"1280\" tg-height=\"421\"/><span>Source: Finviz</span></p><h2 id=\"id_4169033520\">PC Rebound</h2><p>The most immediate signal from Intel beating Q2&#39;23 estimates and guiding up for Q3 is the rebound in PC demand. Most importantly, the inventory correction appears over with OEMs no longer digesting chip inventory.</p><p>Back in Q3&#39;22, AMD shocked the market by cutting PC revenue estimates by $1 billion. The company quickly went from $2 billion in quarterly CPU sales for PCs to less than $1 billion.</p><p>Intel still reported Q2 Client Computing revenue was down 12% YoY to $6.8 billion, but the number was up $1.0 billion sequentially. The chip giant guided up Q3 revenue to $13.4 billion, up $0.5 billion sequentially.</p><p>In Q1&#39;23, AMD reported that client revenues had fallen further to only $739 million. AMD CPU revenues are now far over $1 billion per quarter below the peak levels providing substantial upside potential when the PC market normalizes.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/109f09e99e82d6ac37add4ac4b5dc6d9\" alt=\"Source: The Next Platform\" title=\"Source: The Next Platform\" tg-width=\"640\" tg-height=\"361\"/><span>Source: The Next Platform</span></p><h2 id=\"id_2420818419\">AI Rescue</h2><p>Intel discussed a mixed picture for their business in the near term due to AI. The chip giant is seeing a wallet share shift from the sever CPU spend towards AI chips.</p><p>The move is both good and bad for AMD. The company has the MI300 AI GPU chip hitting the market in Q4 providing a strong competitor to the booming demand for the H100 from <strong>Nvidia</strong> (NVDA), but the chip isn&#39;t out on the market yet.</p><p>In the near term, AMD may see some suppressed data center demand while heading into 2024. Ultimately, the company should see upside from AI demand for the MI300 along with the Alveo AI accelerator.</p><p>On the Q2&#39;23 earnings call, Intel CEO Pat Gelsinger suggested the AI pipeline for 2024 had surged to $1 billion:</p><blockquote>In my formal remarks, we said we now have over $1 billion of pipeline, 6x in the last quarter.</blockquote><p>Going back a few months, Morgan Stanley had estimated the AI potential for AMD was only $400 million with upside potential to $1.2 billion. The Intel forecasts would suggest the AI potential for AMD is far higher next year when the MI300 is in full-scale production.</p><p>Nvidia guided up current quarter sales estimates by 50% to over $11 billion. The company suggested data center sales would reach $7+ billion in the quarter.</p><p>AMD has only seen data center sales reach $1.3 billion in quarterly sales leaving a huge gap from Nvidia. Even Intel still hit $4.0 billion in data center sales during Q2&#39;23, though the amount is down nearly 20% form 2022 levels due in part to losing market share to AMD.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/95d55cd9428799a6184e0f88d4b62660\" alt=\"Source: Intel Q2&#39;23 presentation\" title=\"Source: Intel Q2&#39;23 presentation\" tg-width=\"640\" tg-height=\"350\"/><span>Source: Intel Q2&#39;23 presentation</span></p><p>The big issue for AMD is whether data center sales growth stalls causing a miss to 2H sales targets while booming AI demand ultimately boosts sales starting in Q1&#39;24, or maybe Q4. The chip company peaked at quarterly sales of $6.6 billion back Q2&#39;22 and the current quarterly analyst estimates aren&#39;t very aggressive.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5692f64d8a6442b40b11a9c85b043d79\" alt=\"Source: Seeking Alpha\" title=\"Source: Seeking Alpha\" tg-width=\"640\" tg-height=\"225\"/><span>Source: Seeking Alpha</span></p><p>A rebound in PC demand to more normalized levels places AMD back at the Q4&#39;23 revenue target of $6.5 billion alone. A PC rebound to normal digestion ($2 billion quarterly run rate) along with higher data center or AI demand leads to vastly higher revenues in 2024.</p><p>The current analysts aren&#39;t even factoring in much growth in the Q2&#39;24 revenue estimate of $6.76 billion. The amount is just 4% upside from Q2&#39;22 despite potentially surging demand from AMD entering the AI GPU space.</p><p>AMD is set to report earrings after the close on August 1. Investors should focus less on the Q2 numbers or even Q3 guidance and focus more on a return to more normalized revenue levels plus the upside from AI.</p><p>Our view has long held that AMD has the earnings potential of $5 to $6 and the AI opportunity is all upside to this view.</p><h2 id=\"id_2366979529\">Takeaway</h2><p>The key investor takeaway is that AMD is still $50 below all time highs while Nvidia has soared over $100 above the late 2021 highs. Investors should use the current weakness in AMD to load up on the stock while leaving some capital to buy any weakness following Q2 earnings due to the potential for near term disappointment leading to long term opportunities.</p></body></html>","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>AMD: Strong Read From Intel</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\">\nAMD: Strong Read From Intel\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-31 10:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4621586-amd-strong-read-from-intel><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAMD investors got a strong read from the Intel Q2'23 results posted last week.The chip company could face some near-term data center pressure leading to long-term AI opportunities.AMD stock is ...</p>\n\n<a href=\"https://seekingalpha.com/article/4621586-amd-strong-read-from-intel\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","BK4543":"AI","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BK4585":"ETF&股票定投概念","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","BK4566":"资本集团","BK4554":"元宇宙及AR概念","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","BK4512":"苹果概念","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","AMD":"美国超微公司","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","LU0109392836.USD":"富兰克林科技股A","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BK4581":"高盛持仓","BK4549":"软银资本持仓","LU0971096721.USD":"富达环球金融服务 A","BK4504":"桥水持仓","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD"},"source_url":"https://seekingalpha.com/article/4621586-amd-strong-read-from-intel","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2355622921","content_text":"SummaryAMD investors got a strong read from the Intel Q2'23 results posted last week.The chip company could face some near-term data center pressure leading to long-term AI opportunities.AMD stock is cheap at ~20x normalized EPS levels while the AI market provides substantial growth ahead.As with any competitor, a quarterly earnings report from a peer can provide great insight into the market. For Advanced Micro Devices (NASDAQ:AMD), the Q2'23 earnings report from Intel (INTC) provides great views on the surging demand for AI chips and a rebound in PC demand crucial for AMD. My investment thesis remains ultra Bullish on AMD with the stock still trading down around $112 while other chips companies have rallied to multi-year highs.Source: FinvizPC ReboundThe most immediate signal from Intel beating Q2'23 estimates and guiding up for Q3 is the rebound in PC demand. Most importantly, the inventory correction appears over with OEMs no longer digesting chip inventory.Back in Q3'22, AMD shocked the market by cutting PC revenue estimates by $1 billion. The company quickly went from $2 billion in quarterly CPU sales for PCs to less than $1 billion.Intel still reported Q2 Client Computing revenue was down 12% YoY to $6.8 billion, but the number was up $1.0 billion sequentially. The chip giant guided up Q3 revenue to $13.4 billion, up $0.5 billion sequentially.In Q1'23, AMD reported that client revenues had fallen further to only $739 million. AMD CPU revenues are now far over $1 billion per quarter below the peak levels providing substantial upside potential when the PC market normalizes.Source: The Next PlatformAI RescueIntel discussed a mixed picture for their business in the near term due to AI. The chip giant is seeing a wallet share shift from the sever CPU spend towards AI chips.The move is both good and bad for AMD. The company has the MI300 AI GPU chip hitting the market in Q4 providing a strong competitor to the booming demand for the H100 from Nvidia (NVDA), but the chip isn't out on the market yet.In the near term, AMD may see some suppressed data center demand while heading into 2024. Ultimately, the company should see upside from AI demand for the MI300 along with the Alveo AI accelerator.On the Q2'23 earnings call, Intel CEO Pat Gelsinger suggested the AI pipeline for 2024 had surged to $1 billion:In my formal remarks, we said we now have over $1 billion of pipeline, 6x in the last quarter.Going back a few months, Morgan Stanley had estimated the AI potential for AMD was only $400 million with upside potential to $1.2 billion. The Intel forecasts would suggest the AI potential for AMD is far higher next year when the MI300 is in full-scale production.Nvidia guided up current quarter sales estimates by 50% to over $11 billion. The company suggested data center sales would reach $7+ billion in the quarter.AMD has only seen data center sales reach $1.3 billion in quarterly sales leaving a huge gap from Nvidia. Even Intel still hit $4.0 billion in data center sales during Q2'23, though the amount is down nearly 20% form 2022 levels due in part to losing market share to AMD.Source: Intel Q2'23 presentationThe big issue for AMD is whether data center sales growth stalls causing a miss to 2H sales targets while booming AI demand ultimately boosts sales starting in Q1'24, or maybe Q4. The chip company peaked at quarterly sales of $6.6 billion back Q2'22 and the current quarterly analyst estimates aren't very aggressive.Source: Seeking AlphaA rebound in PC demand to more normalized levels places AMD back at the Q4'23 revenue target of $6.5 billion alone. A PC rebound to normal digestion ($2 billion quarterly run rate) along with higher data center or AI demand leads to vastly higher revenues in 2024.The current analysts aren't even factoring in much growth in the Q2'24 revenue estimate of $6.76 billion. The amount is just 4% upside from Q2'22 despite potentially surging demand from AMD entering the AI GPU space.AMD is set to report earrings after the close on August 1. Investors should focus less on the Q2 numbers or even Q3 guidance and focus more on a return to more normalized revenue levels plus the upside from AI.Our view has long held that AMD has the earnings potential of $5 to $6 and the AI opportunity is all upside to this view.TakeawayThe key investor takeaway is that AMD is still $50 below all time highs while Nvidia has soared over $100 above the late 2021 highs. Investors should use the current weakness in AMD to load up on the stock while leaving some capital to buy any weakness following Q2 earnings due to the potential for near term disappointment leading to long term opportunities.","news_type":1},"isVote":1,"tweetType":1,"viewCount":110,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941955390,"gmtCreate":1679928203011,"gmtModify":1679928206283,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Buy &amp; hold. Based on MY Chart, next Thursday 6 April 2023, it should be in better position.&nbsp;","listText":"Buy &amp; hold. Based on MY Chart, next Thursday 6 April 2023, it should be in better position.&nbsp;","text":"Buy & hold. Based on MY Chart, next Thursday 6 April 2023, it should be in better position.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941955390","repostId":"1135908022","repostType":2,"repost":{"id":"1135908022","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":1679927476,"share":"https://ttm.financial/m/news/1135908022?lang=&edition=fundamental","pubTime":"2023-03-27 22:31","market":"us","language":"en","title":"Hot Chinese ADRs Dropped in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1135908022","media":"Tiger Newspress","summary":"Hot Chinese ADRs fell in morning trading.iQiyi, Pinduoduo, Baidu fell over 3%; JD.com fell 2%; Aliba","content":"<html><head></head><body><p>Hot Chinese ADRs fell in morning trading.</p><p>iQiyi, Pinduoduo, Baidu fell over 3%; JD.com fell 2%; Alibaba, NetEase and Nio fell over 1%.<img src=\"https://static.tigerbbs.com/3ce32c3a2912d91fd3e6581749f0c465\" tg-width=\"442\" tg-height=\"646\" referrerpolicy=\"no-referrer\"/></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>Hot Chinese ADRs Dropped in Morning Trading</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\">\nHot Chinese ADRs Dropped in Morning Trading\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\">2023-03-27 22:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Hot Chinese ADRs fell in morning trading.</p><p>iQiyi, Pinduoduo, Baidu fell over 3%; JD.com fell 2%; Alibaba, NetEase and Nio fell over 1%.<img src=\"https://static.tigerbbs.com/3ce32c3a2912d91fd3e6581749f0c465\" tg-width=\"442\" tg-height=\"646\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NTES":"网易","IQ":"爱奇艺","BIDU":"百度","BABA":"阿里巴巴","PDD":"拼多多","JD":"京东"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135908022","content_text":"Hot Chinese ADRs fell in morning trading.iQiyi, Pinduoduo, Baidu fell over 3%; JD.com fell 2%; Alibaba, NetEase and Nio fell over 1%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":33,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":205425965703320,"gmtCreate":1691162361337,"gmtModify":1691162364775,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"When you buy, the price will come down.... cos others letting it go..... another 48 to 72 hrs.... this article will take effect. So wait a while before you decided to buy in. Thank you.&nbsp;","listText":"When you buy, the price will come down.... cos others letting it go..... another 48 to 72 hrs.... this article will take effect. So wait a while before you decided to buy in. Thank you.&nbsp;","text":"When you buy, the price will come down.... cos others letting it go..... another 48 to 72 hrs.... this article will take effect. So wait a while before you decided to buy in. Thank you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/205425965703320","repostId":"1114910606","repostType":2,"isVote":1,"tweetType":1,"viewCount":70,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9953781855,"gmtCreate":1673329605478,"gmtModify":1676538819116,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Encouraging results. will be better after 1st quarter of 2023. 🙏🙏 Thank you.&nbsp;","listText":"Encouraging results. will be better after 1st quarter of 2023. 🙏🙏 Thank you.&nbsp;","text":"Encouraging results. will be better after 1st quarter of 2023. 🙏🙏 Thank you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9953781855","repostId":"1147757084","repostType":2,"repost":{"id":"1147757084","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":1673329178,"share":"https://ttm.financial/m/news/1147757084?lang=&edition=fundamental","pubTime":"2023-01-10 13:39","market":"us","language":"en","title":"TSMC Says Dec Sales At T$192.56B, an Increase of 23.9% YoY","url":"https://stock-news.laohu8.com/highlight/detail?id=1147757084","media":"Tiger Newspress","summary":"TSMC (NYSE: TSM) today announced its net revenue for December 2022: On a consolidated basis, revenue","content":"<html><head></head><body><p>TSMC (NYSE: TSM) today announced its net revenue for December 2022: On a consolidated basis, revenue for December 2022 was approximately NT$192.56 billion, a decrease of 13.5 percent from November 2022 and an increase of 23.9 percent from December 2021. Revenue for January through December 2022 totaled NT$2,263.89 billion, an increase of 42.6 percent compared to the same period in 2021.</p><p><img src=\"https://static.tigerbbs.com/19740142bdb90bc8591e17a80414a0bc\" tg-width=\"676\" tg-height=\"154\" referrerpolicy=\"no-referrer\"/></p><p></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>TSMC Says Dec Sales At T$192.56B, an Increase of 23.9% YoY</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\">\nTSMC Says Dec Sales At T$192.56B, an Increase of 23.9% YoY\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\">2023-01-10 13:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>TSMC (NYSE: TSM) today announced its net revenue for December 2022: On a consolidated basis, revenue for December 2022 was approximately NT$192.56 billion, a decrease of 13.5 percent from November 2022 and an increase of 23.9 percent from December 2021. Revenue for January through December 2022 totaled NT$2,263.89 billion, an increase of 42.6 percent compared to the same period in 2021.</p><p><img src=\"https://static.tigerbbs.com/19740142bdb90bc8591e17a80414a0bc\" tg-width=\"676\" tg-height=\"154\" referrerpolicy=\"no-referrer\"/></p><p></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147757084","content_text":"TSMC (NYSE: TSM) today announced its net revenue for December 2022: On a consolidated basis, revenue for December 2022 was approximately NT$192.56 billion, a decrease of 13.5 percent from November 2022 and an increase of 23.9 percent from December 2021. Revenue for January through December 2022 totaled NT$2,263.89 billion, an increase of 42.6 percent compared to the same period in 2021.","news_type":1},"isVote":1,"tweetType":1,"viewCount":25,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9920308874,"gmtCreate":1670427251599,"gmtModify":1676538365922,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Mkt quiet.&nbsp;","listText":"Mkt quiet.&nbsp;","text":"Mkt quiet.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9920308874","repostId":"1163785950","repostType":2,"repost":{"id":"1163785950","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":1670426997,"share":"https://ttm.financial/m/news/1163785950?lang=&edition=fundamental","pubTime":"2022-12-07 23:29","market":"us","language":"en","title":"U.S. Stocks Mixed in Morning Trading; Dow Jones Turned up, S&P 500 Slid Slightly While Nasdaq Dropped Over 0.5%","url":"https://stock-news.laohu8.com/highlight/detail?id=1163785950","media":"Tiger Newspress","summary":"U.S. stocks mixed in morning trading; Dow Jones rose 0.14%, S&P 500 slid 0.11% while Nasdaq dropped ","content":"<html><head></head><body><p>U.S. stocks mixed in morning trading; Dow Jones rose 0.14%, S&amp;P 500 slid 0.11% while Nasdaq dropped 0.69%.<img src=\"https://static.tigerbbs.com/31cb5318559f41b18a59ded4b08d54e5\" tg-width=\"622\" tg-height=\"107\" width=\"100%\" height=\"auto\"/></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>U.S. Stocks Mixed in Morning Trading; Dow Jones Turned up, S&P 500 Slid Slightly While Nasdaq Dropped Over 0.5%</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\">\nU.S. Stocks Mixed in Morning Trading; Dow Jones Turned up, S&P 500 Slid Slightly While Nasdaq Dropped Over 0.5%\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\">2022-12-07 23:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stocks mixed in morning trading; Dow Jones rose 0.14%, S&amp;P 500 slid 0.11% while Nasdaq dropped 0.69%.<img src=\"https://static.tigerbbs.com/31cb5318559f41b18a59ded4b08d54e5\" tg-width=\"622\" tg-height=\"107\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163785950","content_text":"U.S. stocks mixed in morning trading; Dow Jones rose 0.14%, S&P 500 slid 0.11% while Nasdaq dropped 0.69%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":239539906584608,"gmtCreate":1699518285362,"gmtModify":1699518292806,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"Although $300/- tag challenging...... but with innovation ideas, should be able or close to the price tag🙏🙏","listText":"Although $300/- tag challenging...... but with innovation ideas, should be able or close to the price tag🙏🙏","text":"Although $300/- tag challenging...... but with innovation ideas, should be able or close to the price tag🙏🙏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/239539906584608","repostId":"1177689888","repostType":4,"repost":{"id":"1177689888","pubTimestamp":1699517400,"share":"https://ttm.financial/m/news/1177689888?lang=&edition=fundamental","pubTime":"2023-11-09 16:10","market":"us","language":"en","title":"Can the Tesla Share Price Hit $300 Again?","url":"https://stock-news.laohu8.com/highlight/detail?id=1177689888","media":"Motley Fool","summary":"The Tesla share price has had quite a year, more than doubling in 2023 so far. But can it return to the all-time high?Gordon Best takes a look.Image source: TeslaThere have been plenty of darlings of the stock market in recent years, but many would put Tesla  at the top of the list. The company has innovated and revolutionised the world of electric vehicles, AI, and energy technology, sending the Tesla share price up over 17,000% since its IPO in 2010. But is there still more growth ahead, or is","content":"<html><head></head><body><p>The Tesla share price has had quite a year, more than doubling in 2023 so far. But can it return to the all-time high? Gordon Best takes a look.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3ed027f319f7a5d21dfb453f2e4b8f9c\" alt=\"Image source: Tesla\" title=\"Image source: Tesla\" tg-width=\"1200\" tg-height=\"675\"/><span>Image source: Tesla</span></p><p style=\"text-align: start;\">There have been plenty of darlings of the stock market in recent years, but many would put <strong>Tesla </strong>(NASDAQ:TSLA) at the top of the list. The company has innovated and revolutionised the world of electric vehicles, AI, and energy technology, sending the Tesla share price up over 17,000% since its IPO in 2010. But is there still more growth ahead, or is the excitement coming to an end?</p><h2 id=\"h-never-a-dull-moment\" style=\"text-align: start;\">Never a dull moment</h2><p style=\"text-align: start;\">Anyone who has owned Tesla shares knows this can be a volatile stock. Multiple factors, including CEO Elon Musk’s unpredictability, can influence the share price, so the performance of the company is only one variable to consider as an investor.</p><p style=\"text-align: start;\">However, with the company being a market leader, it has tremendous potential in EVs, alongside exploiting growing demand for battery technology and renewable energy solutions.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/725bb16c827242c5a7d0a5c6b2b2ff1a\" tg-width=\"1193\" tg-height=\"626\"/></p><h2 id=\"h-is-it-fairly-valued\" style=\"text-align: start;\">Is it fairly valued?</h2><p style=\"text-align: start;\">For many investors, the key issue surrounding Tesla shares is the valuation. Hype is one factor that has sent the Tesla share price far higher than fair value. The price-to-earnings (P/E) ratio of 64.4 times is far above the sector average of 49.5 times, and a discounted cash flow calculation puts fair value at $190.12, suggesting the current price is 15% too high.</p><p style=\"text-align: start;\">However, we’ve seen far higher values for these metrics in the past, and with many exciting products on the horizon, and forecast annual earnings growth of 22%, it wouldn’t be a shock for the Tesla share price to continue upwards regardless.</p><h2 id=\"h-what-could-send-it-above-300\" style=\"text-align: start;\">What could send it above $300?</h2><p style=\"text-align: start;\">So what could push the price to $300? I’ve got four catalysts in mind:</p><p style=\"text-align: start;\">First, in the coming weeks, Tesla is expected to begin deliveries of its long-awaited Cybertruck. Described as an entirely new type of vehicle, with a unique design, this could spark a huge amount of excitement.</p><p style=\"text-align: start;\">AI could be key too. Tesla has also captured a tremendous quantity of data from its self-driving rollout in the US. At the latest earnings report, the company said over 150m miles had been driven using the technology. This has greatly refined the sophistication of it’s ‘Dojo’ supercomputer.</p><p style=\"text-align: start;\">With this system having potential to inform various products, such as autonomous taxis and robotics systems in the future, the company could become a major player in software.</p><p style=\"text-align: start;\">Economic improvement is a factor as well. Some analysts think central banks are reaching the end of interest rate hiking cycles. Questions remain about a recession, but investors may soon see the light at the end of the tunnel.</p><p style=\"text-align: start;\">Finally, new products could have an impact. A key driver to a sustainable future has long been identified as an EV priced below the average cost. If this could be progressed at Tesla, investors will likely get excited by the enormous market potential.</p><h2 id=\"h-what-are-the-risks\" style=\"text-align: start;\">What are the risks?</h2><p style=\"text-align: start;\">As noted, the story is rarely simple with the Tesla share price. Fears of a recession, Elon Musk’s other business ventures, and the ever-present valuation question could easily weigh on the share price.</p><h2 id=\"h-what-s-next\" style=\"text-align: start;\">What’s next?</h2><p style=\"text-align: start;\">I always look to the numbers when it comes to a complex company like Tesla. With vehicle production growing steadily, and constant innovation, I see a bright future for it. I suspect we’ll see the Tesla share price above $300 again in 2024, but with no shortage of drama along the way.</p></body></html>","source":"fool_stock","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>Can the Tesla Share Price Hit $300 Again?</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\">\nCan the Tesla Share Price Hit $300 Again?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-09 16:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.co.uk/2023/11/08/can-the-tesla-share-price-hit-300-again/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Tesla share price has had quite a year, more than doubling in 2023 so far. But can it return to the all-time high? Gordon Best takes a look.Image source: TeslaThere have been plenty of darlings of...</p>\n\n<a href=\"https://www.fool.co.uk/2023/11/08/can-the-tesla-share-price-hit-300-again/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.fool.co.uk/2023/11/08/can-the-tesla-share-price-hit-300-again/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177689888","content_text":"The Tesla share price has had quite a year, more than doubling in 2023 so far. But can it return to the all-time high? Gordon Best takes a look.Image source: TeslaThere have been plenty of darlings of the stock market in recent years, but many would put Tesla (NASDAQ:TSLA) at the top of the list. The company has innovated and revolutionised the world of electric vehicles, AI, and energy technology, sending the Tesla share price up over 17,000% since its IPO in 2010. But is there still more growth ahead, or is the excitement coming to an end?Never a dull momentAnyone who has owned Tesla shares knows this can be a volatile stock. Multiple factors, including CEO Elon Musk’s unpredictability, can influence the share price, so the performance of the company is only one variable to consider as an investor.However, with the company being a market leader, it has tremendous potential in EVs, alongside exploiting growing demand for battery technology and renewable energy solutions.Is it fairly valued?For many investors, the key issue surrounding Tesla shares is the valuation. Hype is one factor that has sent the Tesla share price far higher than fair value. The price-to-earnings (P/E) ratio of 64.4 times is far above the sector average of 49.5 times, and a discounted cash flow calculation puts fair value at $190.12, suggesting the current price is 15% too high.However, we’ve seen far higher values for these metrics in the past, and with many exciting products on the horizon, and forecast annual earnings growth of 22%, it wouldn’t be a shock for the Tesla share price to continue upwards regardless.What could send it above $300?So what could push the price to $300? I’ve got four catalysts in mind:First, in the coming weeks, Tesla is expected to begin deliveries of its long-awaited Cybertruck. Described as an entirely new type of vehicle, with a unique design, this could spark a huge amount of excitement.AI could be key too. Tesla has also captured a tremendous quantity of data from its self-driving rollout in the US. At the latest earnings report, the company said over 150m miles had been driven using the technology. This has greatly refined the sophistication of it’s ‘Dojo’ supercomputer.With this system having potential to inform various products, such as autonomous taxis and robotics systems in the future, the company could become a major player in software.Economic improvement is a factor as well. Some analysts think central banks are reaching the end of interest rate hiking cycles. Questions remain about a recession, but investors may soon see the light at the end of the tunnel.Finally, new products could have an impact. A key driver to a sustainable future has long been identified as an EV priced below the average cost. If this could be progressed at Tesla, investors will likely get excited by the enormous market potential.What are the risks?As noted, the story is rarely simple with the Tesla share price. Fears of a recession, Elon Musk’s other business ventures, and the ever-present valuation question could easily weigh on the share price.What’s next?I always look to the numbers when it comes to a complex company like Tesla. With vehicle production growing steadily, and constant innovation, I see a bright future for it. I suspect we’ll see the Tesla share price above $300 again in 2024, but with no shortage of drama along the way.","news_type":1},"isVote":1,"tweetType":1,"viewCount":456,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":238896493629560,"gmtCreate":1699361846149,"gmtModify":1699361850196,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"themes":[],"htmlText":"My 2 cents......should be able to shine for next 18 mths average. Thank you.&nbsp;","listText":"My 2 cents......should be able to shine for next 18 mths average. Thank you.&nbsp;","text":"My 2 cents......should be able to shine for next 18 mths average. Thank you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/238896493629560","repostId":"2381704711","repostType":4,"isVote":1,"tweetType":1,"viewCount":503,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}