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2021-03-17

?..............

2021-03-04

Okie

Can Square Be a Great Growth Stock?

2021-03-04

Okie

5 Stocks To Watch For March 4, 2021

2021-02-25

Time to take off???

2021-02-22

Yeah

Square Reports Earnings This Week. Why Wall Street Is Pounding The Table.

2021-02-22

Okie

Tesla And India: An Interesting Marriage

2021-02-19

????

Palantir stock slumps as lockup expiration opens 80% of shares for trading

2021-02-19

Great ariticle, would you like to share it?

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2021-02-17

Go to Tiger App to see more news

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The company's fourth-quarter earnings continued the trend, and investors were happy enough to keep bidding up its stock. But after the stock's recent surge, should they be confident about Square's growth opportunities?</p>\n<p><b>What does Square do?</b></p>\n<p>Square is afintech (financial technology)company that operates two payment-related ecosystems. Its classic sellers business, which comprises business solutions such as its famous square card reader, has seen slowed growth during the pandemic from its strong storefront presence. Revenue increased 5% and gross profit increased 13%.</p>\n<p>The company invested in omnichannel capabilities to reach more clients and offer greater options for storefronts, and omnichannel gross payment volume increased by a third, accounting for half of the total. Square sees mid-size businesses as a huge addressable market, and this category demonstrated high potential for profitability, with gross profit growing at double the rate of other categories.</p>\n<p>Its Cash App ecosystem was a huge success as people began to rely more heavily on digital payments while under lockdown. But it was<b>Bitcoin</b>(CRYPTO:BTC)that made the biggest splash on Square's business. Revenue for the company increased 141% in Q4, but without Bitcoin, is was only up 23%.</p>\n<p>In the fourth quarter, Cash App active customers increased 50% over 2019 to 36 million, and Square only spent $5 per customer in acquisition cost. There are 80 million customers who have transacted at least once with the Cash App system, and Square is focusing on creating greater value for customers to keep them loyal. Its results so far indicate that new transacting customers adopt other Cash App features like Cash Card and Bitcoin trading in greater numbers. It's also a key to greater profitability, as gross profit per customer increased 70% over the prior year in the fourth quarter.</p>\n<p>Bitcoin is increasingly becoming an important part of Cash App. Bitcoin trading grew more than 250% year over year, and Square bought $190 million of the cryptocurrency in the fourth quarter, because it sees it as a necessary internet currency. CEO Jack Dorsey said on the recent earnings call, \"We believe it has the highest probability of empowering more people in the economy in a fair way.\"So long as Bitcoin's price is flying, it's great for Cash App.</p>\n<p><b>So is growth finished?</b></p>\n<p>The short answer is no.</p>\n<p>Storefronts struggled during the pandemic, but as lockdowns ease, seller business revenue and GPV should see higher growth. Electronic payments are still in their infancy, and Square is still in high-growth mode, especially Cash App.</p>\n<p>The best indication of growth, in my opinion, is its ease in pivoting into new businesses, especially ahead of the curve. Its white square card reader was a real and useful innovation when it was launched, and Cash App expanded its operations with user-friendly features. The focus on Bitcoin makes Cash App somewhat risky, as we saw high volatility in its stock price last week. But it was also a harbinger of the current obsession with cryptocurrency, and if that changes, Square is likely to make that decision faster than others.</p>\n<p><b>About the stock price</b></p>\n<p>Shares of Square trade at an outrageous valuation of roughly 600 times trailing-12-month earnings. But it has rewarded investors in the past, gaining more than 400% over the past three years. Considering the company's bright future, I still think it can continue to deliver growth.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Can Square Be a Great 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\">\nCan Square Be a Great Growth Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-04 17:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/03/can-square-be-a-great-growth-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Square has had mixed results throughout the pandemic that are representative of its varied business. The company's fourth-quarter earnings continued the trend, and investors were happy enough to keep ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/03/can-square-be-a-great-growth-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://www.fool.com/investing/2021/03/03/can-square-be-a-great-growth-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135874277","content_text":"Square has had mixed results throughout the pandemic that are representative of its varied business. The company's fourth-quarter earnings continued the trend, and investors were happy enough to keep bidding up its stock. But after the stock's recent surge, should they be confident about Square's growth opportunities?\nWhat does Square do?\nSquare is afintech (financial technology)company that operates two payment-related ecosystems. Its classic sellers business, which comprises business solutions such as its famous square card reader, has seen slowed growth during the pandemic from its strong storefront presence. Revenue increased 5% and gross profit increased 13%.\nThe company invested in omnichannel capabilities to reach more clients and offer greater options for storefronts, and omnichannel gross payment volume increased by a third, accounting for half of the total. Square sees mid-size businesses as a huge addressable market, and this category demonstrated high potential for profitability, with gross profit growing at double the rate of other categories.\nIts Cash App ecosystem was a huge success as people began to rely more heavily on digital payments while under lockdown. But it wasBitcoin(CRYPTO:BTC)that made the biggest splash on Square's business. Revenue for the company increased 141% in Q4, but without Bitcoin, is was only up 23%.\nIn the fourth quarter, Cash App active customers increased 50% over 2019 to 36 million, and Square only spent $5 per customer in acquisition cost. There are 80 million customers who have transacted at least once with the Cash App system, and Square is focusing on creating greater value for customers to keep them loyal. Its results so far indicate that new transacting customers adopt other Cash App features like Cash Card and Bitcoin trading in greater numbers. It's also a key to greater profitability, as gross profit per customer increased 70% over the prior year in the fourth quarter.\nBitcoin is increasingly becoming an important part of Cash App. Bitcoin trading grew more than 250% year over year, and Square bought $190 million of the cryptocurrency in the fourth quarter, because it sees it as a necessary internet currency. CEO Jack Dorsey said on the recent earnings call, \"We believe it has the highest probability of empowering more people in the economy in a fair way.\"So long as Bitcoin's price is flying, it's great for Cash App.\nSo is growth finished?\nThe short answer is no.\nStorefronts struggled during the pandemic, but as lockdowns ease, seller business revenue and GPV should see higher growth. Electronic payments are still in their infancy, and Square is still in high-growth mode, especially Cash App.\nThe best indication of growth, in my opinion, is its ease in pivoting into new businesses, especially ahead of the curve. Its white square card reader was a real and useful innovation when it was launched, and Cash App expanded its operations with user-friendly features. The focus on Bitcoin makes Cash App somewhat risky, as we saw high volatility in its stock price last week. But it was also a harbinger of the current obsession with cryptocurrency, and if that changes, Square is likely to make that decision faster than others.\nAbout the stock price\nShares of Square trade at an outrageous valuation of roughly 600 times trailing-12-month earnings. But it has rewarded investors in the past, gaining more than 400% over the past three years. Considering the company's bright future, I still think it can continue to deliver growth.","news_type":1},"isVote":1,"tweetType":1,"viewCount":332,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364292442,"gmtCreate":1614852529186,"gmtModify":1704776037067,"author":{"id":"3574152339825630","authorId":"3574152339825630","name":"Mango123","avatar":"https://static.tigerbbs.com/bdc6fa79e5fff19c066a0cf2991a87b9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574152339825630","authorIdStr":"3574152339825630"},"themes":[],"htmlText":"Okie&nbsp;","listText":"Okie&nbsp;","text":"Okie","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/364292442","repostId":"1121663617","repostType":4,"repost":{"id":"1121663617","pubTimestamp":1614851841,"share":"https://ttm.financial/m/news/1121663617?lang=&edition=fundamental","pubTime":"2021-03-04 17:57","market":"us","language":"en","title":"5 Stocks To Watch For March 4, 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=1121663617","media":"Benzinga","summary":"Wall Street expects Kroger Co KRto report quarterly earnings at $0.69 per share on revenue of $30.86","content":"<p>Wall Street expects&nbsp;<b>Kroger Co</b>&nbsp;KRto report quarterly earnings at $0.69 per share on revenue of $30.86 billion before the opening bell. Kroger shares fell 0.9% to $32.96 in after-hours trading.</p><p><b>Marvell Technology Group Ltd.</b>&nbsp;MRVLreported in-line earnings for its fourth quarter, while sales exceeded estimates. Marvell Technology shares dropped 6% to $42.81 in the after-hours trading session.</p><p>Analysts are expecting&nbsp;<b>Broadcom Inc</b>&nbsp;AVGO&nbsp;to have earned $6.55 per share on revenue of $6.61 billion for the latest quarter. The company will release earnings after the markets close. Broadcom shares fell 0.1% to $462.89 in after-hours trading.</p><p><b>Hewlett Packard Enterprise Co</b>&nbsp;HPE&nbsp;reported better-than-expected results for its first quarter and raised its FY21 earnings forecast. Hewlett Packard Enterprise shares dropped 0.5% to $14.49 in the after-hours trading session.</p><p>Analysts expect&nbsp;<b>Costco Wholesale Corporation</b>&nbsp;COST&nbsp;to post quarterly earnings at $2.45 per share on revenue of $43.78 billion. Costco shares slipped 0.1% to $323.75 in after-hours trading.</p>","source":"lsy1606299360108","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>5 Stocks To Watch For March 4, 2021</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\">\n5 Stocks To Watch For March 4, 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-04 17:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/earnings/21/03/20002528/5-stocks-to-watch-for-march-4-2021><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street expects Kroger Co KRto report quarterly earnings at $0.69 per share on revenue of $30.86 billion before the opening bell. Kroger shares fell 0.9% to $32.96 in after-hours trading.Marvell ...</p>\n\n<a href=\"https://www.benzinga.com/news/earnings/21/03/20002528/5-stocks-to-watch-for-march-4-2021\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/news/earnings/21/03/20002528/5-stocks-to-watch-for-march-4-2021","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121663617","content_text":"Wall Street expects Kroger Co KRto report quarterly earnings at $0.69 per share on revenue of $30.86 billion before the opening bell. Kroger shares fell 0.9% to $32.96 in after-hours trading.Marvell Technology Group Ltd. MRVLreported in-line earnings for its fourth quarter, while sales exceeded estimates. Marvell Technology shares dropped 6% to $42.81 in the after-hours trading session.Analysts are expecting Broadcom Inc AVGO to have earned $6.55 per share on revenue of $6.61 billion for the latest quarter. The company will release earnings after the markets close. Broadcom shares fell 0.1% to $462.89 in after-hours trading.Hewlett Packard Enterprise Co HPE reported better-than-expected results for its first quarter and raised its FY21 earnings forecast. Hewlett Packard Enterprise shares dropped 0.5% to $14.49 in the after-hours trading session.Analysts expect Costco Wholesale Corporation COST to post quarterly earnings at $2.45 per share on revenue of $43.78 billion. Costco shares slipped 0.1% to $323.75 in after-hours trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361533071,"gmtCreate":1614244986393,"gmtModify":1704769514278,"author":{"id":"3574152339825630","authorId":"3574152339825630","name":"Mango123","avatar":"https://static.tigerbbs.com/bdc6fa79e5fff19c066a0cf2991a87b9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574152339825630","authorIdStr":"3574152339825630"},"themes":[],"htmlText":"Time to take off???&nbsp;","listText":"Time to take off???&nbsp;","text":"Time to take off???","images":[{"img":"https://static.tigerbbs.com/c9ee708c847021e580144d5a7c74d5a6","width":"1080","height":"2490"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/361533071","isVote":1,"tweetType":1,"viewCount":322,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":369056930,"gmtCreate":1613991630820,"gmtModify":1704886553290,"author":{"id":"3574152339825630","authorId":"3574152339825630","name":"Mango123","avatar":"https://static.tigerbbs.com/bdc6fa79e5fff19c066a0cf2991a87b9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574152339825630","authorIdStr":"3574152339825630"},"themes":[],"htmlText":"Yeah&nbsp;","listText":"Yeah&nbsp;","text":"Yeah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/369056930","repostId":"1179041252","repostType":4,"repost":{"id":"1179041252","pubTimestamp":1613983854,"share":"https://ttm.financial/m/news/1179041252?lang=&edition=fundamental","pubTime":"2021-02-22 16:50","market":"us","language":"en","title":"Square Reports Earnings This Week. Why Wall Street Is Pounding The Table.","url":"https://stock-news.laohu8.com/highlight/detail?id=1179041252","media":"Barrons","summary":"Square is scheduled to report fourth-quarter earnings this week and some analysts are pounding the t","content":"<p>Square&nbsp;is scheduled to report fourth-quarter earnings this week and some analysts are pounding the table on the stock. Literally.</p>\n<p>Calling Square (ticker: SQ) her top pick for 2021, Evercore ISI’s Rayna Kumar writes that it is the “most disruptive company in payments and banking.” She reiterated an Outperform rating on Thursday, with a $304 price target. “Disruption pays,” she writes, “pounding [the] table ahead of earnings.”</p>\n<p>Square was ahead 2% on last&nbsp;Friday and is up 27% this year to recent prices around $280.</p>\n<p>The payments app is riding a strong growth wave: Its Cash App has become a popular stock trading platform. Retail trading surged during the pandemic, and Cash App may have won over clients from Robinhood after that app briefly restricted trading in GameStop (GME).</p>\n<p>According to a small survey of Robinhood users by Mizuho Securities, nearly 40% of respondents who switched to other trading apps said they shifted to Cash App, beating other platforms like Stash, Fidelity, or TD Ameritrade (now owned byCharles Schwab).</p>\n<p>Bitcoin’s surging price, recently hitting records around $50,000, is also fueling gains for Cash App; users can buy and trade the cryptocurrency on the app. Square buys the cryptocurrency and resells it to users, taking a cut of transactions. The company posted about $1.6 billion in total Bitcoin revenue in the third quarter, though net revenue, after costs for the currency, was just $32 million.</p>\n<p>Kumar expects Square to beat consensus estimates in the fourth quarter of 2020 and throughout 2021. She sees Square posting net revenue of $924 million in the quarter with Ebitda—earnings before interest, tax, depreciation, and amortization—of $160 million, ahead of consensus estimates of $141 million. She sees the firm posting adjusted net revenue of $4.3 billion in 2021, resulting in adjusted Ebitda of $825 million, 24% above consensus estimates.</p>\n<p>Cash App may have boosted active users by 56% in January, according to Evercore surveys. The app had 33 million users in the September quarter, and Kumar expects the company to hit 40 million in the fourth quarter.</p>\n<p>Kumar notes that Square is working to integrate Cash App with its Seller App used by merchants to process payments. The company is integrating the ecosystems through new products like Instant Payments from merchants to employees and On-Demand Pay, giving employees a way to quickly access up to $200 per pay period in Cash App.</p>\n<p>Wolfe Research’s Darrin Peller also reiterated a bullish view, maintaining an Outperform rating and $335 target. He expects shares to “grind higher over the next several months,” fueled by Bitcoin, stock trading, and growth trends in Cash App.</p>\n<p>“Square stands out as a material share gainer across its businesses, solidifying its status as a global leader,” he wrote in a note on Thursday.</p>\n<p>Investors are paying a steep multiple for Square’s growth. The company is expected to earn 76 cents a share in the next 12 months, giving it a price-to-earnings ratio of 370 times.</p>\n<p>Analysts value stocks like Square on a multiple of revenue, but that doesn’t make it much cheaper. Assuming $4.2 billion in net revenue this year, the shares trade at 66 times sales.PayPal Holdings(PYPL), by contrast, fetches 13 times sales.</p>\n<p>Valuation is keeping Piper Sandler analyst Christopher Donat on the sidelines. He has kept a Neutral rating on the stock since initiating coverage last July. His current price target is $190.</p>\n<p>“We’ve had a tough time putting an overweight on it, and it’s even tougher liking the valuation now,” he said. The pace of downloads of Cash App has been slowing, he points out, leading to slower growth of active users. He is also concerned about ongoing sales weakness at small bricks-and-mortar merchants such as restaurants.</p>\n<p>“I think Square is a great growth story with a long runway but I’m uncomfortable with the valuation,” he said. Square trades at 15 times enterprise value to revenue, compared with 11 times forPayPal Holdings,which is his top pick in payments.</p>\n<p>Square is scheduled to report earnings after the close on Feb. 23. Asked if he plans to raise his rating on the stock, Donat said “never say never …but I might be wrong on this one.”</p>","source":"lsy1601382232898","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>Square Reports Earnings This Week. Why Wall Street Is Pounding The Table.</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\">\nSquare Reports Earnings This Week. Why Wall Street Is Pounding The Table.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-22 16:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/square-stock-earnings-report-preview-51613757503><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Square is scheduled to report fourth-quarter earnings this week and some analysts are pounding the table on the stock. Literally.\nCalling Square (ticker: SQ) her top pick for 2021, Evercore ISI’s ...</p>\n\n<a href=\"https://www.barrons.com/articles/square-stock-earnings-report-preview-51613757503\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://www.barrons.com/articles/square-stock-earnings-report-preview-51613757503","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179041252","content_text":"Square is scheduled to report fourth-quarter earnings this week and some analysts are pounding the table on the stock. Literally.\nCalling Square (ticker: SQ) her top pick for 2021, Evercore ISI’s Rayna Kumar writes that it is the “most disruptive company in payments and banking.” She reiterated an Outperform rating on Thursday, with a $304 price target. “Disruption pays,” she writes, “pounding [the] table ahead of earnings.”\nSquare was ahead 2% on last Friday and is up 27% this year to recent prices around $280.\nThe payments app is riding a strong growth wave: Its Cash App has become a popular stock trading platform. Retail trading surged during the pandemic, and Cash App may have won over clients from Robinhood after that app briefly restricted trading in GameStop (GME).\nAccording to a small survey of Robinhood users by Mizuho Securities, nearly 40% of respondents who switched to other trading apps said they shifted to Cash App, beating other platforms like Stash, Fidelity, or TD Ameritrade (now owned byCharles Schwab).\nBitcoin’s surging price, recently hitting records around $50,000, is also fueling gains for Cash App; users can buy and trade the cryptocurrency on the app. Square buys the cryptocurrency and resells it to users, taking a cut of transactions. The company posted about $1.6 billion in total Bitcoin revenue in the third quarter, though net revenue, after costs for the currency, was just $32 million.\nKumar expects Square to beat consensus estimates in the fourth quarter of 2020 and throughout 2021. She sees Square posting net revenue of $924 million in the quarter with Ebitda—earnings before interest, tax, depreciation, and amortization—of $160 million, ahead of consensus estimates of $141 million. She sees the firm posting adjusted net revenue of $4.3 billion in 2021, resulting in adjusted Ebitda of $825 million, 24% above consensus estimates.\nCash App may have boosted active users by 56% in January, according to Evercore surveys. The app had 33 million users in the September quarter, and Kumar expects the company to hit 40 million in the fourth quarter.\nKumar notes that Square is working to integrate Cash App with its Seller App used by merchants to process payments. The company is integrating the ecosystems through new products like Instant Payments from merchants to employees and On-Demand Pay, giving employees a way to quickly access up to $200 per pay period in Cash App.\nWolfe Research’s Darrin Peller also reiterated a bullish view, maintaining an Outperform rating and $335 target. He expects shares to “grind higher over the next several months,” fueled by Bitcoin, stock trading, and growth trends in Cash App.\n“Square stands out as a material share gainer across its businesses, solidifying its status as a global leader,” he wrote in a note on Thursday.\nInvestors are paying a steep multiple for Square’s growth. The company is expected to earn 76 cents a share in the next 12 months, giving it a price-to-earnings ratio of 370 times.\nAnalysts value stocks like Square on a multiple of revenue, but that doesn’t make it much cheaper. Assuming $4.2 billion in net revenue this year, the shares trade at 66 times sales.PayPal Holdings(PYPL), by contrast, fetches 13 times sales.\nValuation is keeping Piper Sandler analyst Christopher Donat on the sidelines. He has kept a Neutral rating on the stock since initiating coverage last July. His current price target is $190.\n“We’ve had a tough time putting an overweight on it, and it’s even tougher liking the valuation now,” he said. The pace of downloads of Cash App has been slowing, he points out, leading to slower growth of active users. He is also concerned about ongoing sales weakness at small bricks-and-mortar merchants such as restaurants.\n“I think Square is a great growth story with a long runway but I’m uncomfortable with the valuation,” he said. Square trades at 15 times enterprise value to revenue, compared with 11 times forPayPal Holdings,which is his top pick in payments.\nSquare is scheduled to report earnings after the close on Feb. 23. Asked if he plans to raise his rating on the stock, Donat said “never say never …but I might be wrong on this one.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369058793,"gmtCreate":1613991604412,"gmtModify":1704886552961,"author":{"id":"3574152339825630","authorId":"3574152339825630","name":"Mango123","avatar":"https://static.tigerbbs.com/bdc6fa79e5fff19c066a0cf2991a87b9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574152339825630","authorIdStr":"3574152339825630"},"themes":[],"htmlText":"Okie&nbsp;","listText":"Okie&nbsp;","text":"Okie","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/369058793","repostId":"1153806804","repostType":4,"repost":{"id":"1153806804","pubTimestamp":1613984421,"share":"https://ttm.financial/m/news/1153806804?lang=&edition=fundamental","pubTime":"2021-02-22 17:00","market":"us","language":"en","title":"Tesla And India: An Interesting Marriage","url":"https://stock-news.laohu8.com/highlight/detail?id=1153806804","media":"seekingalpha","summary":"Elevated government support, high presence of other auto players, and subsidies and incentives are prime factors driving Tesla to Karnataka.India's auto market is quite different from traditional markets, since it's dominated by two-wheelers, accounting for ~81% of total auto sales.Two-wheelers, limited infrastructure and income inequality could make the Karnataka plant less suitable for an immediate domestic market approach.A major benefit could be exporting ability and cost reductions in/to Ch","content":"<p><b>Summary</b></p>\n<ul>\n <li>Elevated government support, high presence of other auto players, and subsidies and incentives are prime factors driving Tesla to Karnataka.</li>\n <li>India's auto market is quite different from traditional markets, since it's dominated by two-wheelers, accounting for ~81% of total auto sales.</li>\n <li>Two-wheelers, limited infrastructure and income inequality could make the Karnataka plant less suitable for an immediate domestic market approach.</li>\n <li>A major benefit could be exporting ability and cost reductions in/to China, stemming from favorable labor cost leverage.</li>\n</ul>\n<p>Tesla (TSLA) looks to be moving forward with a slatedsixth Gigafactory, in Karnataka in southern India following the registration of its India Motors and Energy Limited subsidiary about a month prior. Bengaluru has risen as a prominent manufacturing and R&amp;D center for a multitude of auto firms such as Mercedes Benz (OTCPK:DDAIF), GM (GM), Volvo (OTCPK:GELYF) and more, and Tesla's recent inclusion is widely viewed as being a boost to India's EV space. The new Gigafactory is an interesting new synergy to Tesla's story, as infrastructure and a widely different auto market provide some obstacles, yet the factory could provide a much-needed boost in regards to Chinese/Asian expansion.</p>\n<p><b>So Why India?</b></p>\n<p>Indiahad grown to the fourth largest auto market by 2019, overstepping Germany, and is on track to climb past Japan and take the third spot this year. Karnataka, in particular, was India's first state to \"introduce adedicated EVpolicy to encourage original equipment manufacturers, component producers and energy suppliers to set up shop.\"</p>\n<p>Across India, multiple large investments were made within EV during 2020. MG Motors had launched an EV SUV and invested Rs. 1,000 crore (US$136 million) to further manufacturing development, Kinetic Green invested Rs. 1,750 crore (US$236 million) for EV golf cart manufacturing and battery swapping technology, and Toyota Kirloskar Motors invested Rs. 2,000 crore (US$273 million) for EV components.</p>\n<p>Bengaluru is one of India's largest R&amp;D hubs, and home to R&amp;D units of large legacy manufacturers as well as nearly four dozen EV startups; legacy manufacturers foraying into EV and Tesla are seeking \"to capitalise on the burgeoning engineering and IT talent pool that the city comprises.\" Tesla's manufacturing plant is no surprise given the depth of knowledge and extensive presence of auto manufacturers.</p>\n<p>Karnataka is pushing forward with itsEV agenda, sanctioning just over $3 billion in funding for EV manufacturing development in addition to a wide range subsidies. Some of the goals within EV include 100% e-mobility by 2030 in rickshaws, cabs, corporate fleets, school buses/vans, while increasing adoption in public transportation systems with 1,000 buses.</p>\n<p>For a company of Tesla's size, such subsidies offered would be exemption from stamp duty, concessional registration charges, full reimbursement of land conversion fee, one-time capital subsidy of 50% of ETP cost (max Rs. 200 lakh), and interest free loans - these apply for EV/component manufacturing, battery cell manufacturing (plus five year exemption of electricity duty), or EV charging station manufacturing (plus five year exemption of electricity duty and 25% capital subsidies for first<i>x</i>amount of stations in the state).</p>\n<p>Manufacturing capacity in Karnataka likely needs to grow double-digit YoY in order for it to start on a solid track to reach its 2030 goals, and inclusion of Tesla is a big step for the state. Elevated government support, high presence of other auto players, and subsidies and incentives are prime factors driving Tesla to Karnataka, aside from the benefits to operations.</p>\n<p><b>Benefits To Tesla</b></p>\n<p>India offers multiple benefits to Tesla - capacity growth, expansion of energy storage, or even ability to further competitive presence in China.</p>\n<p>One of Tesla's largest headwinds going forward is a massive valuation, currently at $755 billion, or approximately 30% of the combined valuations across traditional ICE and EV manufacturers. As such, Tesla needs to garner much more market share by delivering millions of cars and fend off competition over the next few years in order to try to cement such a valuation (aside from energy and storage) - to do that, production capacity is a top priority.</p>\n<p>Capacity is key since Tesla as it aims to scale deliveries at an average annual growth rate of 50% on amulti-year horizon; this implies about 1.7 million in deliveries by 2023 and nearly 4 million by 2025, contingent on demand. Current annual capacity sits at ~1,050,000 vehicles at the moment with production pending at GF Berlin and Austin for the Model Y later this year.</p>\n<p>India's Gigafactory would likely mimic similar run rates of production to other factories, thus adding ~500,000 units at full-scale. Assuming full scale of Berlin, Austin and Bengaluru by 2023 - should that fall between 750,000 to 1.5 million, capacity would easily expand past targeted deliveries to 1.8 million to 2.6 million by 2023. Tesla has exhibited a rapid launch timeline within Shanghai's Gigafactory, with Model 3 capacity at over 5,000 per week and initiated production of Model Y in under a year, so similar rapid scale of production in the three factories is likely. Given the current state of India's market, it would likely exhibit similar patterns to China's lifetime (seen below), with minimal domestic presence for multiple years as the industry continues to bloom.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bd4a0adeda25013e5b301c9cb4060faa\" tg-width=\"640\" tg-height=\"317\"><span>Source:Tesla</span></p>\n<p>Tesla has been increasing global market share, with 2021 likely to see China eclipse the 1% figure based on expected deliveries and momentum with production scale and sales price reductions. That is likely the key market to dominate, as China is expected to be one of the largest and fastest growing EV markets as it rises to maturity, leaving Tesla and other domestic manufacturers a massive runway for growth. If Tesla can grow to derive 2.5% of global market share in China by 2025, it could be easily seeing $25+ billion in revenues from the country. Assuming China can maintain contribution of ~20% of sales, increased global market share from China could see revenues rise to $125 billion by 2025.</p>\n<p>Thus a major benefit from a vehicle-focused manufacturing plant in India would be exporting ability. Aside from fierce competition in IT/software/engineering positions in the tech realm of auto/EV manufacturing and higher salaries there,low labor costsin contractual workers (US$148 per month compared to US$234 per month in China) is transforming India into a prime hub for exporting cars, with export unit volume rising to 4.77 million, up 37% from 2017 to 2020). India offers significantcost advantages, with \"auto firms sav[ing] 10-25% vis-a-vis Europe and Latin America.</p>\n<p>Tesla's price reductions in China-made models helped sales hit over 15,000 forJanuary, as competition heightens in the nation. As Tesla still wants to have a $25,000 model, or just more price reductions, utilization of low labor costs in India could allow it to build, export and sell models in China or even Europe for lower prices, maybe even to the low 200,000-yuan range in the former. Such ability to lever favorable labor costs and decrease prices could see incremental market share gains in China as lower cost mini/micro EV have gained significant traction, so price competition could be vital for driving demand in the premium segment in the future.</p>\n<p>If Tesla decides not to utilize the Karnataka plant for vehicles, it could be very well suited for energy storage/solar like Giga Nevada and New York. Tesla noted in the Q4 release that energy storage remains supply-constrained, with Megapack and Powerwall demand strong, and utilization of the India plant could ease supply constraints as well as further boost capacity, aiding expansion in energy storage.</p>\n<p><b>India Still Has Obstacles</b></p>\n<p>Even with its status in the top five largest auto markets, India's auto market is quite different from traditional markets, in that it's dominated by two-wheelers. This could pressure a domestic market approach from Tesla in the early stages of EV adoption, but could cement the factory as an exporting base.</p>\n<p>The market is expected to be driven by a growing youth population and a rise in middle class income, and more policy support in individual states like Karnataka as well as within the national government (reducing GST to 5% from 12%) can help drive EV adoption. While it's an \"estimated to be a Rs. 50,000 crore (US$ 7.09 billion)opportunityby 2025\" in EV, the majority of the growth will likely stem from two and three-wheelers.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/98030eb0d9d32363a106ee89b794539e\" tg-width=\"640\" tg-height=\"253\"><span>Source:IBEF</span></p>\n<p>Two-wheelers accounted for 80.8% of all auto sales in the country for 2020, with passenger vehicles the second-largest segment at 12.9%, driven by small and mid-sized cars. Even though two-wheelers will be a significant driver of electrification, EV sales excluding e-rickshaws grew 20% during the year to 156,000 units; on the other side, luxury cars only hovered at about ~32,000 units. Moving through 2023, it's unlikely that passenger cars will eclipse 17% of the total market, with concentration remaining heavy in two-wheelers.</p>\n<p>In terms of market players, a few main players control a majority of the market. In passenger vehicles, Maruti Suzuki had 51% share across the segment during 2020, while other main players include Kia, Hyundai and Mahindra with each having double-digit share in the SUV market. Tata Motors (TTM) has ~45% share in the commercial vehicle market, while Hero Motors leads in two-wheelers. Displacement of established brands with high market share, who are increasing investments in EV, could also prove difficult.</p>\n<p>However, infrastructure at the moment does not yet favor or facilitate EV adoption; a lack of public and private charging stations due to a minuscule penetration (sub 1%) of EV is a major headwind, as widespread adoption and acceptance of EV will need significant more development in charging stations (hence the subsidies in Karnataka). Limited infrastructure in terms of charging abilities and less development of the overall industry has led to EVs being quite costly, thus dampening adoption as well.</p>\n<p>Income inequality could also prevent acceptance of EV over the course of the next decade unless prices fall to reasonable levels, given that India'sincome inequalityhas failed to improve. The bottom 40% in the country witnessed income growth of 58% through 2018, 64 percentage points below average wealth growth of 122%, thus widening the wealth gap. It's estimated that 60% of India's population controls just 4.7% of thenational wealth, and purchasing power remains too low for a significant proportion of the population to buy cars, let alone EVs.</p>\n<p><b>Outlook</b></p>\n<p>While Tesla has yet to officially state a timeline or intentions of the Karnataka plant, it's likely to provide significant benefits whether it focuses on vehicle manufacturing or in energy storage. India is a budding EV market, though one primarily concentrated in two-wheelers/rickshaws as the go-to mode for transportation; thus, outright domestic impact for Tesla could be minimal if/when the EV market starts to mature and affordability, demand and infrastructure for EV rises. However, Tesla is likely to benefit from low labor costs, opening up favorable export pathways to China, and could help drive more cost reductions in that fiercely competitive environment. Capacity expansion in either vehicles or energy storage is important for future revenue growth, and should the plant focus on vehicles and scale to a half-million output, 50% delivery growth rates through 2025 to 4 million could be easily feasible, should demand be there.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla And India: An Interesting Marriage</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 And India: An Interesting Marriage\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-22 17:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4407755-tesla-india-plant-looks-like-solid-move><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nElevated government support, high presence of other auto players, and subsidies and incentives are prime factors driving Tesla to Karnataka.\nIndia's auto market is quite different from ...</p>\n\n<a href=\"https://seekingalpha.com/article/4407755-tesla-india-plant-looks-like-solid-move\">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://seekingalpha.com/article/4407755-tesla-india-plant-looks-like-solid-move","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1153806804","content_text":"Summary\n\nElevated government support, high presence of other auto players, and subsidies and incentives are prime factors driving Tesla to Karnataka.\nIndia's auto market is quite different from traditional markets, since it's dominated by two-wheelers, accounting for ~81% of total auto sales.\nTwo-wheelers, limited infrastructure and income inequality could make the Karnataka plant less suitable for an immediate domestic market approach.\nA major benefit could be exporting ability and cost reductions in/to China, stemming from favorable labor cost leverage.\n\nTesla (TSLA) looks to be moving forward with a slatedsixth Gigafactory, in Karnataka in southern India following the registration of its India Motors and Energy Limited subsidiary about a month prior. Bengaluru has risen as a prominent manufacturing and R&D center for a multitude of auto firms such as Mercedes Benz (OTCPK:DDAIF), GM (GM), Volvo (OTCPK:GELYF) and more, and Tesla's recent inclusion is widely viewed as being a boost to India's EV space. The new Gigafactory is an interesting new synergy to Tesla's story, as infrastructure and a widely different auto market provide some obstacles, yet the factory could provide a much-needed boost in regards to Chinese/Asian expansion.\nSo Why India?\nIndiahad grown to the fourth largest auto market by 2019, overstepping Germany, and is on track to climb past Japan and take the third spot this year. Karnataka, in particular, was India's first state to \"introduce adedicated EVpolicy to encourage original equipment manufacturers, component producers and energy suppliers to set up shop.\"\nAcross India, multiple large investments were made within EV during 2020. MG Motors had launched an EV SUV and invested Rs. 1,000 crore (US$136 million) to further manufacturing development, Kinetic Green invested Rs. 1,750 crore (US$236 million) for EV golf cart manufacturing and battery swapping technology, and Toyota Kirloskar Motors invested Rs. 2,000 crore (US$273 million) for EV components.\nBengaluru is one of India's largest R&D hubs, and home to R&D units of large legacy manufacturers as well as nearly four dozen EV startups; legacy manufacturers foraying into EV and Tesla are seeking \"to capitalise on the burgeoning engineering and IT talent pool that the city comprises.\" Tesla's manufacturing plant is no surprise given the depth of knowledge and extensive presence of auto manufacturers.\nKarnataka is pushing forward with itsEV agenda, sanctioning just over $3 billion in funding for EV manufacturing development in addition to a wide range subsidies. Some of the goals within EV include 100% e-mobility by 2030 in rickshaws, cabs, corporate fleets, school buses/vans, while increasing adoption in public transportation systems with 1,000 buses.\nFor a company of Tesla's size, such subsidies offered would be exemption from stamp duty, concessional registration charges, full reimbursement of land conversion fee, one-time capital subsidy of 50% of ETP cost (max Rs. 200 lakh), and interest free loans - these apply for EV/component manufacturing, battery cell manufacturing (plus five year exemption of electricity duty), or EV charging station manufacturing (plus five year exemption of electricity duty and 25% capital subsidies for firstxamount of stations in the state).\nManufacturing capacity in Karnataka likely needs to grow double-digit YoY in order for it to start on a solid track to reach its 2030 goals, and inclusion of Tesla is a big step for the state. Elevated government support, high presence of other auto players, and subsidies and incentives are prime factors driving Tesla to Karnataka, aside from the benefits to operations.\nBenefits To Tesla\nIndia offers multiple benefits to Tesla - capacity growth, expansion of energy storage, or even ability to further competitive presence in China.\nOne of Tesla's largest headwinds going forward is a massive valuation, currently at $755 billion, or approximately 30% of the combined valuations across traditional ICE and EV manufacturers. As such, Tesla needs to garner much more market share by delivering millions of cars and fend off competition over the next few years in order to try to cement such a valuation (aside from energy and storage) - to do that, production capacity is a top priority.\nCapacity is key since Tesla as it aims to scale deliveries at an average annual growth rate of 50% on amulti-year horizon; this implies about 1.7 million in deliveries by 2023 and nearly 4 million by 2025, contingent on demand. Current annual capacity sits at ~1,050,000 vehicles at the moment with production pending at GF Berlin and Austin for the Model Y later this year.\nIndia's Gigafactory would likely mimic similar run rates of production to other factories, thus adding ~500,000 units at full-scale. Assuming full scale of Berlin, Austin and Bengaluru by 2023 - should that fall between 750,000 to 1.5 million, capacity would easily expand past targeted deliveries to 1.8 million to 2.6 million by 2023. Tesla has exhibited a rapid launch timeline within Shanghai's Gigafactory, with Model 3 capacity at over 5,000 per week and initiated production of Model Y in under a year, so similar rapid scale of production in the three factories is likely. Given the current state of India's market, it would likely exhibit similar patterns to China's lifetime (seen below), with minimal domestic presence for multiple years as the industry continues to bloom.\nSource:Tesla\nTesla has been increasing global market share, with 2021 likely to see China eclipse the 1% figure based on expected deliveries and momentum with production scale and sales price reductions. That is likely the key market to dominate, as China is expected to be one of the largest and fastest growing EV markets as it rises to maturity, leaving Tesla and other domestic manufacturers a massive runway for growth. If Tesla can grow to derive 2.5% of global market share in China by 2025, it could be easily seeing $25+ billion in revenues from the country. Assuming China can maintain contribution of ~20% of sales, increased global market share from China could see revenues rise to $125 billion by 2025.\nThus a major benefit from a vehicle-focused manufacturing plant in India would be exporting ability. Aside from fierce competition in IT/software/engineering positions in the tech realm of auto/EV manufacturing and higher salaries there,low labor costsin contractual workers (US$148 per month compared to US$234 per month in China) is transforming India into a prime hub for exporting cars, with export unit volume rising to 4.77 million, up 37% from 2017 to 2020). India offers significantcost advantages, with \"auto firms sav[ing] 10-25% vis-a-vis Europe and Latin America.\nTesla's price reductions in China-made models helped sales hit over 15,000 forJanuary, as competition heightens in the nation. As Tesla still wants to have a $25,000 model, or just more price reductions, utilization of low labor costs in India could allow it to build, export and sell models in China or even Europe for lower prices, maybe even to the low 200,000-yuan range in the former. Such ability to lever favorable labor costs and decrease prices could see incremental market share gains in China as lower cost mini/micro EV have gained significant traction, so price competition could be vital for driving demand in the premium segment in the future.\nIf Tesla decides not to utilize the Karnataka plant for vehicles, it could be very well suited for energy storage/solar like Giga Nevada and New York. Tesla noted in the Q4 release that energy storage remains supply-constrained, with Megapack and Powerwall demand strong, and utilization of the India plant could ease supply constraints as well as further boost capacity, aiding expansion in energy storage.\nIndia Still Has Obstacles\nEven with its status in the top five largest auto markets, India's auto market is quite different from traditional markets, in that it's dominated by two-wheelers. This could pressure a domestic market approach from Tesla in the early stages of EV adoption, but could cement the factory as an exporting base.\nThe market is expected to be driven by a growing youth population and a rise in middle class income, and more policy support in individual states like Karnataka as well as within the national government (reducing GST to 5% from 12%) can help drive EV adoption. While it's an \"estimated to be a Rs. 50,000 crore (US$ 7.09 billion)opportunityby 2025\" in EV, the majority of the growth will likely stem from two and three-wheelers.\nSource:IBEF\nTwo-wheelers accounted for 80.8% of all auto sales in the country for 2020, with passenger vehicles the second-largest segment at 12.9%, driven by small and mid-sized cars. Even though two-wheelers will be a significant driver of electrification, EV sales excluding e-rickshaws grew 20% during the year to 156,000 units; on the other side, luxury cars only hovered at about ~32,000 units. Moving through 2023, it's unlikely that passenger cars will eclipse 17% of the total market, with concentration remaining heavy in two-wheelers.\nIn terms of market players, a few main players control a majority of the market. In passenger vehicles, Maruti Suzuki had 51% share across the segment during 2020, while other main players include Kia, Hyundai and Mahindra with each having double-digit share in the SUV market. Tata Motors (TTM) has ~45% share in the commercial vehicle market, while Hero Motors leads in two-wheelers. Displacement of established brands with high market share, who are increasing investments in EV, could also prove difficult.\nHowever, infrastructure at the moment does not yet favor or facilitate EV adoption; a lack of public and private charging stations due to a minuscule penetration (sub 1%) of EV is a major headwind, as widespread adoption and acceptance of EV will need significant more development in charging stations (hence the subsidies in Karnataka). Limited infrastructure in terms of charging abilities and less development of the overall industry has led to EVs being quite costly, thus dampening adoption as well.\nIncome inequality could also prevent acceptance of EV over the course of the next decade unless prices fall to reasonable levels, given that India'sincome inequalityhas failed to improve. The bottom 40% in the country witnessed income growth of 58% through 2018, 64 percentage points below average wealth growth of 122%, thus widening the wealth gap. It's estimated that 60% of India's population controls just 4.7% of thenational wealth, and purchasing power remains too low for a significant proportion of the population to buy cars, let alone EVs.\nOutlook\nWhile Tesla has yet to officially state a timeline or intentions of the Karnataka plant, it's likely to provide significant benefits whether it focuses on vehicle manufacturing or in energy storage. India is a budding EV market, though one primarily concentrated in two-wheelers/rickshaws as the go-to mode for transportation; thus, outright domestic impact for Tesla could be minimal if/when the EV market starts to mature and affordability, demand and infrastructure for EV rises. However, Tesla is likely to benefit from low labor costs, opening up favorable export pathways to China, and could help drive more cost reductions in that fiercely competitive environment. Capacity expansion in either vehicles or energy storage is important for future revenue growth, and should the plant focus on vehicles and scale to a half-million output, 50% delivery growth rates through 2025 to 4 million could be easily feasible, should demand be there.","news_type":1},"isVote":1,"tweetType":1,"viewCount":382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387804348,"gmtCreate":1613733063384,"gmtModify":1704884290956,"author":{"id":"3574152339825630","authorId":"3574152339825630","name":"Mango123","avatar":"https://static.tigerbbs.com/bdc6fa79e5fff19c066a0cf2991a87b9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574152339825630","authorIdStr":"3574152339825630"},"themes":[],"htmlText":"????&nbsp;","listText":"????&nbsp;","text":"????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/387804348","repostId":"1107899645","repostType":4,"repost":{"id":"1107899645","pubTimestamp":1613704060,"share":"https://ttm.financial/m/news/1107899645?lang=&edition=fundamental","pubTime":"2021-02-19 11:07","market":"us","language":"en","title":"Palantir stock slumps as lockup expiration opens 80% of shares for trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1107899645","media":"Seeking Alpha","summary":"Palantir Technologies Inc. 's direct listing in September unusually included a lockup period, which ","content":"<p><a href=\"https://laohu8.com/S/PLTR\">Palantir Technologies Inc.</a> 's&nbsp;direct listing in September unusually included a lockup period, which expires today. Insiders were only allowed to sell 20%of their shares in the listing, which means the remaining 80% are open for trading today. Palantir shares aredown 5.8%pre-market.</p>\n<p>Palantir has faced valuation concerns with shares closing yesterday at about 274% above its direct listing reference price.</p>\n<p>Soros Fund Management will continue exiting its position that amounted to&nbsp; 18.46M shares as of November, when the fund said it regretted the investment and \"does not approve of Palantir's business practices.\"</p>\n<p>The fund said at the time it had sold all the shares it could and would keep selling,when permitted.</p>\n<p><img src=\"https://static.tigerbbs.com/4eb04e82d11b2b74032cb91d003dd907\" tg-width=\"540\" tg-height=\"445\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir stock slumps as lockup expiration opens 80% of shares for 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\">\nPalantir stock slumps as lockup expiration opens 80% of shares for trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 11:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3663407-palantir-stock-slumps-as-lockup-expiration-opens-80-of-shares-for-trading><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Palantir Technologies Inc. 's direct listing in September unusually included a lockup period, which expires today. Insiders were only allowed to sell 20%of their shares in the listing, which means the...</p>\n\n<a href=\"https://seekingalpha.com/news/3663407-palantir-stock-slumps-as-lockup-expiration-opens-80-of-shares-for-trading\">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/3663407-palantir-stock-slumps-as-lockup-expiration-opens-80-of-shares-for-trading","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107899645","content_text":"Palantir Technologies Inc. 's direct listing in September unusually included a lockup period, which expires today. Insiders were only allowed to sell 20%of their shares in the listing, which means the remaining 80% are open for trading today. Palantir shares aredown 5.8%pre-market.\nPalantir has faced valuation concerns with shares closing yesterday at about 274% above its direct listing reference price.\nSoros Fund Management will continue exiting its position that amounted to  18.46M shares as of November, when the fund said it regretted the investment and \"does not approve of Palantir's business practices.\"\nThe fund said at the time it had sold all the shares it could and would keep selling,when permitted.","news_type":1},"isVote":1,"tweetType":1,"viewCount":308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387062338,"gmtCreate":1613700482824,"gmtModify":1704883816181,"author":{"id":"3574152339825630","authorId":"3574152339825630","name":"Mango123","avatar":"https://static.tigerbbs.com/bdc6fa79e5fff19c066a0cf2991a87b9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574152339825630","authorIdStr":"3574152339825630"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/387062338","repostId":"1102078157","repostType":4,"isVote":1,"tweetType":1,"viewCount":316,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385362300,"gmtCreate":1613513290900,"gmtModify":1704881429108,"author":{"id":"3574152339825630","authorId":"3574152339825630","name":"Mango123","avatar":"https://static.tigerbbs.com/bdc6fa79e5fff19c066a0cf2991a87b9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574152339825630","authorIdStr":"3574152339825630"},"themes":[],"htmlText":"Hi<a href=\"https://laohu8.com/U/3571385513122234\">@seb59</a>","listText":"Hi<a href=\"https://laohu8.com/U/3571385513122234\">@seb59</a>","text":"Hi@seb59","images":[{"img":"https://static.tigerbbs.com/75ac20e183d549c3613b263412e4f7b1","width":"1080","height":"2308"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/385362300","isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":364292442,"gmtCreate":1614852529186,"gmtModify":1704776037067,"author":{"id":"3574152339825630","authorId":"3574152339825630","name":"Mango123","avatar":"https://static.tigerbbs.com/bdc6fa79e5fff19c066a0cf2991a87b9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574152339825630","authorIdStr":"3574152339825630"},"themes":[],"htmlText":"Okie&nbsp;","listText":"Okie&nbsp;","text":"Okie","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/364292442","repostId":"1121663617","repostType":4,"isVote":1,"tweetType":1,"viewCount":180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369056930,"gmtCreate":1613991630820,"gmtModify":1704886553290,"author":{"id":"3574152339825630","authorId":"3574152339825630","name":"Mango123","avatar":"https://static.tigerbbs.com/bdc6fa79e5fff19c066a0cf2991a87b9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574152339825630","authorIdStr":"3574152339825630"},"themes":[],"htmlText":"Yeah&nbsp;","listText":"Yeah&nbsp;","text":"Yeah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/369056930","repostId":"1179041252","repostType":4,"repost":{"id":"1179041252","pubTimestamp":1613983854,"share":"https://ttm.financial/m/news/1179041252?lang=&edition=fundamental","pubTime":"2021-02-22 16:50","market":"us","language":"en","title":"Square Reports Earnings This Week. Why Wall Street Is Pounding The Table.","url":"https://stock-news.laohu8.com/highlight/detail?id=1179041252","media":"Barrons","summary":"Square is scheduled to report fourth-quarter earnings this week and some analysts are pounding the t","content":"<p>Square&nbsp;is scheduled to report fourth-quarter earnings this week and some analysts are pounding the table on the stock. Literally.</p>\n<p>Calling Square (ticker: SQ) her top pick for 2021, Evercore ISI’s Rayna Kumar writes that it is the “most disruptive company in payments and banking.” She reiterated an Outperform rating on Thursday, with a $304 price target. “Disruption pays,” she writes, “pounding [the] table ahead of earnings.”</p>\n<p>Square was ahead 2% on last&nbsp;Friday and is up 27% this year to recent prices around $280.</p>\n<p>The payments app is riding a strong growth wave: Its Cash App has become a popular stock trading platform. Retail trading surged during the pandemic, and Cash App may have won over clients from Robinhood after that app briefly restricted trading in GameStop (GME).</p>\n<p>According to a small survey of Robinhood users by Mizuho Securities, nearly 40% of respondents who switched to other trading apps said they shifted to Cash App, beating other platforms like Stash, Fidelity, or TD Ameritrade (now owned byCharles Schwab).</p>\n<p>Bitcoin’s surging price, recently hitting records around $50,000, is also fueling gains for Cash App; users can buy and trade the cryptocurrency on the app. Square buys the cryptocurrency and resells it to users, taking a cut of transactions. The company posted about $1.6 billion in total Bitcoin revenue in the third quarter, though net revenue, after costs for the currency, was just $32 million.</p>\n<p>Kumar expects Square to beat consensus estimates in the fourth quarter of 2020 and throughout 2021. She sees Square posting net revenue of $924 million in the quarter with Ebitda—earnings before interest, tax, depreciation, and amortization—of $160 million, ahead of consensus estimates of $141 million. She sees the firm posting adjusted net revenue of $4.3 billion in 2021, resulting in adjusted Ebitda of $825 million, 24% above consensus estimates.</p>\n<p>Cash App may have boosted active users by 56% in January, according to Evercore surveys. The app had 33 million users in the September quarter, and Kumar expects the company to hit 40 million in the fourth quarter.</p>\n<p>Kumar notes that Square is working to integrate Cash App with its Seller App used by merchants to process payments. The company is integrating the ecosystems through new products like Instant Payments from merchants to employees and On-Demand Pay, giving employees a way to quickly access up to $200 per pay period in Cash App.</p>\n<p>Wolfe Research’s Darrin Peller also reiterated a bullish view, maintaining an Outperform rating and $335 target. He expects shares to “grind higher over the next several months,” fueled by Bitcoin, stock trading, and growth trends in Cash App.</p>\n<p>“Square stands out as a material share gainer across its businesses, solidifying its status as a global leader,” he wrote in a note on Thursday.</p>\n<p>Investors are paying a steep multiple for Square’s growth. The company is expected to earn 76 cents a share in the next 12 months, giving it a price-to-earnings ratio of 370 times.</p>\n<p>Analysts value stocks like Square on a multiple of revenue, but that doesn’t make it much cheaper. Assuming $4.2 billion in net revenue this year, the shares trade at 66 times sales.PayPal Holdings(PYPL), by contrast, fetches 13 times sales.</p>\n<p>Valuation is keeping Piper Sandler analyst Christopher Donat on the sidelines. He has kept a Neutral rating on the stock since initiating coverage last July. His current price target is $190.</p>\n<p>“We’ve had a tough time putting an overweight on it, and it’s even tougher liking the valuation now,” he said. The pace of downloads of Cash App has been slowing, he points out, leading to slower growth of active users. He is also concerned about ongoing sales weakness at small bricks-and-mortar merchants such as restaurants.</p>\n<p>“I think Square is a great growth story with a long runway but I’m uncomfortable with the valuation,” he said. Square trades at 15 times enterprise value to revenue, compared with 11 times forPayPal Holdings,which is his top pick in payments.</p>\n<p>Square is scheduled to report earnings after the close on Feb. 23. Asked if he plans to raise his rating on the stock, Donat said “never say never …but I might be wrong on this one.”</p>","source":"lsy1601382232898","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>Square Reports Earnings This Week. Why Wall Street Is Pounding The Table.</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\">\nSquare Reports Earnings This Week. Why Wall Street Is Pounding The Table.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-22 16:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/square-stock-earnings-report-preview-51613757503><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Square is scheduled to report fourth-quarter earnings this week and some analysts are pounding the table on the stock. Literally.\nCalling Square (ticker: SQ) her top pick for 2021, Evercore ISI’s ...</p>\n\n<a href=\"https://www.barrons.com/articles/square-stock-earnings-report-preview-51613757503\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://www.barrons.com/articles/square-stock-earnings-report-preview-51613757503","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179041252","content_text":"Square is scheduled to report fourth-quarter earnings this week and some analysts are pounding the table on the stock. Literally.\nCalling Square (ticker: SQ) her top pick for 2021, Evercore ISI’s Rayna Kumar writes that it is the “most disruptive company in payments and banking.” She reiterated an Outperform rating on Thursday, with a $304 price target. “Disruption pays,” she writes, “pounding [the] table ahead of earnings.”\nSquare was ahead 2% on last Friday and is up 27% this year to recent prices around $280.\nThe payments app is riding a strong growth wave: Its Cash App has become a popular stock trading platform. Retail trading surged during the pandemic, and Cash App may have won over clients from Robinhood after that app briefly restricted trading in GameStop (GME).\nAccording to a small survey of Robinhood users by Mizuho Securities, nearly 40% of respondents who switched to other trading apps said they shifted to Cash App, beating other platforms like Stash, Fidelity, or TD Ameritrade (now owned byCharles Schwab).\nBitcoin’s surging price, recently hitting records around $50,000, is also fueling gains for Cash App; users can buy and trade the cryptocurrency on the app. Square buys the cryptocurrency and resells it to users, taking a cut of transactions. The company posted about $1.6 billion in total Bitcoin revenue in the third quarter, though net revenue, after costs for the currency, was just $32 million.\nKumar expects Square to beat consensus estimates in the fourth quarter of 2020 and throughout 2021. She sees Square posting net revenue of $924 million in the quarter with Ebitda—earnings before interest, tax, depreciation, and amortization—of $160 million, ahead of consensus estimates of $141 million. She sees the firm posting adjusted net revenue of $4.3 billion in 2021, resulting in adjusted Ebitda of $825 million, 24% above consensus estimates.\nCash App may have boosted active users by 56% in January, according to Evercore surveys. The app had 33 million users in the September quarter, and Kumar expects the company to hit 40 million in the fourth quarter.\nKumar notes that Square is working to integrate Cash App with its Seller App used by merchants to process payments. The company is integrating the ecosystems through new products like Instant Payments from merchants to employees and On-Demand Pay, giving employees a way to quickly access up to $200 per pay period in Cash App.\nWolfe Research’s Darrin Peller also reiterated a bullish view, maintaining an Outperform rating and $335 target. He expects shares to “grind higher over the next several months,” fueled by Bitcoin, stock trading, and growth trends in Cash App.\n“Square stands out as a material share gainer across its businesses, solidifying its status as a global leader,” he wrote in a note on Thursday.\nInvestors are paying a steep multiple for Square’s growth. The company is expected to earn 76 cents a share in the next 12 months, giving it a price-to-earnings ratio of 370 times.\nAnalysts value stocks like Square on a multiple of revenue, but that doesn’t make it much cheaper. Assuming $4.2 billion in net revenue this year, the shares trade at 66 times sales.PayPal Holdings(PYPL), by contrast, fetches 13 times sales.\nValuation is keeping Piper Sandler analyst Christopher Donat on the sidelines. He has kept a Neutral rating on the stock since initiating coverage last July. His current price target is $190.\n“We’ve had a tough time putting an overweight on it, and it’s even tougher liking the valuation now,” he said. The pace of downloads of Cash App has been slowing, he points out, leading to slower growth of active users. He is also concerned about ongoing sales weakness at small bricks-and-mortar merchants such as restaurants.\n“I think Square is a great growth story with a long runway but I’m uncomfortable with the valuation,” he said. Square trades at 15 times enterprise value to revenue, compared with 11 times forPayPal Holdings,which is his top pick in payments.\nSquare is scheduled to report earnings after the close on Feb. 23. Asked if he plans to raise his rating on the stock, Donat said “never say never …but I might be wrong on this one.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385362300,"gmtCreate":1613513290900,"gmtModify":1704881429108,"author":{"id":"3574152339825630","authorId":"3574152339825630","name":"Mango123","avatar":"https://static.tigerbbs.com/bdc6fa79e5fff19c066a0cf2991a87b9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574152339825630","authorIdStr":"3574152339825630"},"themes":[],"htmlText":"Hi<a href=\"https://laohu8.com/U/3571385513122234\">@seb59</a>","listText":"Hi<a href=\"https://laohu8.com/U/3571385513122234\">@seb59</a>","text":"Hi@seb59","images":[{"img":"https://static.tigerbbs.com/75ac20e183d549c3613b263412e4f7b1","width":"1080","height":"2308"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/385362300","isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":361533071,"gmtCreate":1614244986393,"gmtModify":1704769514278,"author":{"id":"3574152339825630","authorId":"3574152339825630","name":"Mango123","avatar":"https://static.tigerbbs.com/bdc6fa79e5fff19c066a0cf2991a87b9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574152339825630","authorIdStr":"3574152339825630"},"themes":[],"htmlText":"Time to take off???&nbsp;","listText":"Time to take off???&nbsp;","text":"Time to take off???","images":[{"img":"https://static.tigerbbs.com/c9ee708c847021e580144d5a7c74d5a6","width":"1080","height":"2490"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/361533071","isVote":1,"tweetType":1,"viewCount":322,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":369058793,"gmtCreate":1613991604412,"gmtModify":1704886552961,"author":{"id":"3574152339825630","authorId":"3574152339825630","name":"Mango123","avatar":"https://static.tigerbbs.com/bdc6fa79e5fff19c066a0cf2991a87b9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574152339825630","authorIdStr":"3574152339825630"},"themes":[],"htmlText":"Okie&nbsp;","listText":"Okie&nbsp;","text":"Okie","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/369058793","repostId":"1153806804","repostType":4,"repost":{"id":"1153806804","pubTimestamp":1613984421,"share":"https://ttm.financial/m/news/1153806804?lang=&edition=fundamental","pubTime":"2021-02-22 17:00","market":"us","language":"en","title":"Tesla And India: An Interesting Marriage","url":"https://stock-news.laohu8.com/highlight/detail?id=1153806804","media":"seekingalpha","summary":"Elevated government support, high presence of other auto players, and subsidies and incentives are prime factors driving Tesla to Karnataka.India's auto market is quite different from traditional markets, since it's dominated by two-wheelers, accounting for ~81% of total auto sales.Two-wheelers, limited infrastructure and income inequality could make the Karnataka plant less suitable for an immediate domestic market approach.A major benefit could be exporting ability and cost reductions in/to Ch","content":"<p><b>Summary</b></p>\n<ul>\n <li>Elevated government support, high presence of other auto players, and subsidies and incentives are prime factors driving Tesla to Karnataka.</li>\n <li>India's auto market is quite different from traditional markets, since it's dominated by two-wheelers, accounting for ~81% of total auto sales.</li>\n <li>Two-wheelers, limited infrastructure and income inequality could make the Karnataka plant less suitable for an immediate domestic market approach.</li>\n <li>A major benefit could be exporting ability and cost reductions in/to China, stemming from favorable labor cost leverage.</li>\n</ul>\n<p>Tesla (TSLA) looks to be moving forward with a slatedsixth Gigafactory, in Karnataka in southern India following the registration of its India Motors and Energy Limited subsidiary about a month prior. Bengaluru has risen as a prominent manufacturing and R&amp;D center for a multitude of auto firms such as Mercedes Benz (OTCPK:DDAIF), GM (GM), Volvo (OTCPK:GELYF) and more, and Tesla's recent inclusion is widely viewed as being a boost to India's EV space. The new Gigafactory is an interesting new synergy to Tesla's story, as infrastructure and a widely different auto market provide some obstacles, yet the factory could provide a much-needed boost in regards to Chinese/Asian expansion.</p>\n<p><b>So Why India?</b></p>\n<p>Indiahad grown to the fourth largest auto market by 2019, overstepping Germany, and is on track to climb past Japan and take the third spot this year. Karnataka, in particular, was India's first state to \"introduce adedicated EVpolicy to encourage original equipment manufacturers, component producers and energy suppliers to set up shop.\"</p>\n<p>Across India, multiple large investments were made within EV during 2020. MG Motors had launched an EV SUV and invested Rs. 1,000 crore (US$136 million) to further manufacturing development, Kinetic Green invested Rs. 1,750 crore (US$236 million) for EV golf cart manufacturing and battery swapping technology, and Toyota Kirloskar Motors invested Rs. 2,000 crore (US$273 million) for EV components.</p>\n<p>Bengaluru is one of India's largest R&amp;D hubs, and home to R&amp;D units of large legacy manufacturers as well as nearly four dozen EV startups; legacy manufacturers foraying into EV and Tesla are seeking \"to capitalise on the burgeoning engineering and IT talent pool that the city comprises.\" Tesla's manufacturing plant is no surprise given the depth of knowledge and extensive presence of auto manufacturers.</p>\n<p>Karnataka is pushing forward with itsEV agenda, sanctioning just over $3 billion in funding for EV manufacturing development in addition to a wide range subsidies. Some of the goals within EV include 100% e-mobility by 2030 in rickshaws, cabs, corporate fleets, school buses/vans, while increasing adoption in public transportation systems with 1,000 buses.</p>\n<p>For a company of Tesla's size, such subsidies offered would be exemption from stamp duty, concessional registration charges, full reimbursement of land conversion fee, one-time capital subsidy of 50% of ETP cost (max Rs. 200 lakh), and interest free loans - these apply for EV/component manufacturing, battery cell manufacturing (plus five year exemption of electricity duty), or EV charging station manufacturing (plus five year exemption of electricity duty and 25% capital subsidies for first<i>x</i>amount of stations in the state).</p>\n<p>Manufacturing capacity in Karnataka likely needs to grow double-digit YoY in order for it to start on a solid track to reach its 2030 goals, and inclusion of Tesla is a big step for the state. Elevated government support, high presence of other auto players, and subsidies and incentives are prime factors driving Tesla to Karnataka, aside from the benefits to operations.</p>\n<p><b>Benefits To Tesla</b></p>\n<p>India offers multiple benefits to Tesla - capacity growth, expansion of energy storage, or even ability to further competitive presence in China.</p>\n<p>One of Tesla's largest headwinds going forward is a massive valuation, currently at $755 billion, or approximately 30% of the combined valuations across traditional ICE and EV manufacturers. As such, Tesla needs to garner much more market share by delivering millions of cars and fend off competition over the next few years in order to try to cement such a valuation (aside from energy and storage) - to do that, production capacity is a top priority.</p>\n<p>Capacity is key since Tesla as it aims to scale deliveries at an average annual growth rate of 50% on amulti-year horizon; this implies about 1.7 million in deliveries by 2023 and nearly 4 million by 2025, contingent on demand. Current annual capacity sits at ~1,050,000 vehicles at the moment with production pending at GF Berlin and Austin for the Model Y later this year.</p>\n<p>India's Gigafactory would likely mimic similar run rates of production to other factories, thus adding ~500,000 units at full-scale. Assuming full scale of Berlin, Austin and Bengaluru by 2023 - should that fall between 750,000 to 1.5 million, capacity would easily expand past targeted deliveries to 1.8 million to 2.6 million by 2023. Tesla has exhibited a rapid launch timeline within Shanghai's Gigafactory, with Model 3 capacity at over 5,000 per week and initiated production of Model Y in under a year, so similar rapid scale of production in the three factories is likely. Given the current state of India's market, it would likely exhibit similar patterns to China's lifetime (seen below), with minimal domestic presence for multiple years as the industry continues to bloom.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bd4a0adeda25013e5b301c9cb4060faa\" tg-width=\"640\" tg-height=\"317\"><span>Source:Tesla</span></p>\n<p>Tesla has been increasing global market share, with 2021 likely to see China eclipse the 1% figure based on expected deliveries and momentum with production scale and sales price reductions. That is likely the key market to dominate, as China is expected to be one of the largest and fastest growing EV markets as it rises to maturity, leaving Tesla and other domestic manufacturers a massive runway for growth. If Tesla can grow to derive 2.5% of global market share in China by 2025, it could be easily seeing $25+ billion in revenues from the country. Assuming China can maintain contribution of ~20% of sales, increased global market share from China could see revenues rise to $125 billion by 2025.</p>\n<p>Thus a major benefit from a vehicle-focused manufacturing plant in India would be exporting ability. Aside from fierce competition in IT/software/engineering positions in the tech realm of auto/EV manufacturing and higher salaries there,low labor costsin contractual workers (US$148 per month compared to US$234 per month in China) is transforming India into a prime hub for exporting cars, with export unit volume rising to 4.77 million, up 37% from 2017 to 2020). India offers significantcost advantages, with \"auto firms sav[ing] 10-25% vis-a-vis Europe and Latin America.</p>\n<p>Tesla's price reductions in China-made models helped sales hit over 15,000 forJanuary, as competition heightens in the nation. As Tesla still wants to have a $25,000 model, or just more price reductions, utilization of low labor costs in India could allow it to build, export and sell models in China or even Europe for lower prices, maybe even to the low 200,000-yuan range in the former. Such ability to lever favorable labor costs and decrease prices could see incremental market share gains in China as lower cost mini/micro EV have gained significant traction, so price competition could be vital for driving demand in the premium segment in the future.</p>\n<p>If Tesla decides not to utilize the Karnataka plant for vehicles, it could be very well suited for energy storage/solar like Giga Nevada and New York. Tesla noted in the Q4 release that energy storage remains supply-constrained, with Megapack and Powerwall demand strong, and utilization of the India plant could ease supply constraints as well as further boost capacity, aiding expansion in energy storage.</p>\n<p><b>India Still Has Obstacles</b></p>\n<p>Even with its status in the top five largest auto markets, India's auto market is quite different from traditional markets, in that it's dominated by two-wheelers. This could pressure a domestic market approach from Tesla in the early stages of EV adoption, but could cement the factory as an exporting base.</p>\n<p>The market is expected to be driven by a growing youth population and a rise in middle class income, and more policy support in individual states like Karnataka as well as within the national government (reducing GST to 5% from 12%) can help drive EV adoption. While it's an \"estimated to be a Rs. 50,000 crore (US$ 7.09 billion)opportunityby 2025\" in EV, the majority of the growth will likely stem from two and three-wheelers.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/98030eb0d9d32363a106ee89b794539e\" tg-width=\"640\" tg-height=\"253\"><span>Source:IBEF</span></p>\n<p>Two-wheelers accounted for 80.8% of all auto sales in the country for 2020, with passenger vehicles the second-largest segment at 12.9%, driven by small and mid-sized cars. Even though two-wheelers will be a significant driver of electrification, EV sales excluding e-rickshaws grew 20% during the year to 156,000 units; on the other side, luxury cars only hovered at about ~32,000 units. Moving through 2023, it's unlikely that passenger cars will eclipse 17% of the total market, with concentration remaining heavy in two-wheelers.</p>\n<p>In terms of market players, a few main players control a majority of the market. In passenger vehicles, Maruti Suzuki had 51% share across the segment during 2020, while other main players include Kia, Hyundai and Mahindra with each having double-digit share in the SUV market. Tata Motors (TTM) has ~45% share in the commercial vehicle market, while Hero Motors leads in two-wheelers. Displacement of established brands with high market share, who are increasing investments in EV, could also prove difficult.</p>\n<p>However, infrastructure at the moment does not yet favor or facilitate EV adoption; a lack of public and private charging stations due to a minuscule penetration (sub 1%) of EV is a major headwind, as widespread adoption and acceptance of EV will need significant more development in charging stations (hence the subsidies in Karnataka). Limited infrastructure in terms of charging abilities and less development of the overall industry has led to EVs being quite costly, thus dampening adoption as well.</p>\n<p>Income inequality could also prevent acceptance of EV over the course of the next decade unless prices fall to reasonable levels, given that India'sincome inequalityhas failed to improve. The bottom 40% in the country witnessed income growth of 58% through 2018, 64 percentage points below average wealth growth of 122%, thus widening the wealth gap. It's estimated that 60% of India's population controls just 4.7% of thenational wealth, and purchasing power remains too low for a significant proportion of the population to buy cars, let alone EVs.</p>\n<p><b>Outlook</b></p>\n<p>While Tesla has yet to officially state a timeline or intentions of the Karnataka plant, it's likely to provide significant benefits whether it focuses on vehicle manufacturing or in energy storage. India is a budding EV market, though one primarily concentrated in two-wheelers/rickshaws as the go-to mode for transportation; thus, outright domestic impact for Tesla could be minimal if/when the EV market starts to mature and affordability, demand and infrastructure for EV rises. However, Tesla is likely to benefit from low labor costs, opening up favorable export pathways to China, and could help drive more cost reductions in that fiercely competitive environment. Capacity expansion in either vehicles or energy storage is important for future revenue growth, and should the plant focus on vehicles and scale to a half-million output, 50% delivery growth rates through 2025 to 4 million could be easily feasible, should demand be there.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla And India: An Interesting Marriage</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 And India: An Interesting Marriage\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-22 17:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4407755-tesla-india-plant-looks-like-solid-move><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nElevated government support, high presence of other auto players, and subsidies and incentives are prime factors driving Tesla to Karnataka.\nIndia's auto market is quite different from ...</p>\n\n<a href=\"https://seekingalpha.com/article/4407755-tesla-india-plant-looks-like-solid-move\">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://seekingalpha.com/article/4407755-tesla-india-plant-looks-like-solid-move","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1153806804","content_text":"Summary\n\nElevated government support, high presence of other auto players, and subsidies and incentives are prime factors driving Tesla to Karnataka.\nIndia's auto market is quite different from traditional markets, since it's dominated by two-wheelers, accounting for ~81% of total auto sales.\nTwo-wheelers, limited infrastructure and income inequality could make the Karnataka plant less suitable for an immediate domestic market approach.\nA major benefit could be exporting ability and cost reductions in/to China, stemming from favorable labor cost leverage.\n\nTesla (TSLA) looks to be moving forward with a slatedsixth Gigafactory, in Karnataka in southern India following the registration of its India Motors and Energy Limited subsidiary about a month prior. Bengaluru has risen as a prominent manufacturing and R&D center for a multitude of auto firms such as Mercedes Benz (OTCPK:DDAIF), GM (GM), Volvo (OTCPK:GELYF) and more, and Tesla's recent inclusion is widely viewed as being a boost to India's EV space. The new Gigafactory is an interesting new synergy to Tesla's story, as infrastructure and a widely different auto market provide some obstacles, yet the factory could provide a much-needed boost in regards to Chinese/Asian expansion.\nSo Why India?\nIndiahad grown to the fourth largest auto market by 2019, overstepping Germany, and is on track to climb past Japan and take the third spot this year. Karnataka, in particular, was India's first state to \"introduce adedicated EVpolicy to encourage original equipment manufacturers, component producers and energy suppliers to set up shop.\"\nAcross India, multiple large investments were made within EV during 2020. MG Motors had launched an EV SUV and invested Rs. 1,000 crore (US$136 million) to further manufacturing development, Kinetic Green invested Rs. 1,750 crore (US$236 million) for EV golf cart manufacturing and battery swapping technology, and Toyota Kirloskar Motors invested Rs. 2,000 crore (US$273 million) for EV components.\nBengaluru is one of India's largest R&D hubs, and home to R&D units of large legacy manufacturers as well as nearly four dozen EV startups; legacy manufacturers foraying into EV and Tesla are seeking \"to capitalise on the burgeoning engineering and IT talent pool that the city comprises.\" Tesla's manufacturing plant is no surprise given the depth of knowledge and extensive presence of auto manufacturers.\nKarnataka is pushing forward with itsEV agenda, sanctioning just over $3 billion in funding for EV manufacturing development in addition to a wide range subsidies. Some of the goals within EV include 100% e-mobility by 2030 in rickshaws, cabs, corporate fleets, school buses/vans, while increasing adoption in public transportation systems with 1,000 buses.\nFor a company of Tesla's size, such subsidies offered would be exemption from stamp duty, concessional registration charges, full reimbursement of land conversion fee, one-time capital subsidy of 50% of ETP cost (max Rs. 200 lakh), and interest free loans - these apply for EV/component manufacturing, battery cell manufacturing (plus five year exemption of electricity duty), or EV charging station manufacturing (plus five year exemption of electricity duty and 25% capital subsidies for firstxamount of stations in the state).\nManufacturing capacity in Karnataka likely needs to grow double-digit YoY in order for it to start on a solid track to reach its 2030 goals, and inclusion of Tesla is a big step for the state. Elevated government support, high presence of other auto players, and subsidies and incentives are prime factors driving Tesla to Karnataka, aside from the benefits to operations.\nBenefits To Tesla\nIndia offers multiple benefits to Tesla - capacity growth, expansion of energy storage, or even ability to further competitive presence in China.\nOne of Tesla's largest headwinds going forward is a massive valuation, currently at $755 billion, or approximately 30% of the combined valuations across traditional ICE and EV manufacturers. As such, Tesla needs to garner much more market share by delivering millions of cars and fend off competition over the next few years in order to try to cement such a valuation (aside from energy and storage) - to do that, production capacity is a top priority.\nCapacity is key since Tesla as it aims to scale deliveries at an average annual growth rate of 50% on amulti-year horizon; this implies about 1.7 million in deliveries by 2023 and nearly 4 million by 2025, contingent on demand. Current annual capacity sits at ~1,050,000 vehicles at the moment with production pending at GF Berlin and Austin for the Model Y later this year.\nIndia's Gigafactory would likely mimic similar run rates of production to other factories, thus adding ~500,000 units at full-scale. Assuming full scale of Berlin, Austin and Bengaluru by 2023 - should that fall between 750,000 to 1.5 million, capacity would easily expand past targeted deliveries to 1.8 million to 2.6 million by 2023. Tesla has exhibited a rapid launch timeline within Shanghai's Gigafactory, with Model 3 capacity at over 5,000 per week and initiated production of Model Y in under a year, so similar rapid scale of production in the three factories is likely. Given the current state of India's market, it would likely exhibit similar patterns to China's lifetime (seen below), with minimal domestic presence for multiple years as the industry continues to bloom.\nSource:Tesla\nTesla has been increasing global market share, with 2021 likely to see China eclipse the 1% figure based on expected deliveries and momentum with production scale and sales price reductions. That is likely the key market to dominate, as China is expected to be one of the largest and fastest growing EV markets as it rises to maturity, leaving Tesla and other domestic manufacturers a massive runway for growth. If Tesla can grow to derive 2.5% of global market share in China by 2025, it could be easily seeing $25+ billion in revenues from the country. Assuming China can maintain contribution of ~20% of sales, increased global market share from China could see revenues rise to $125 billion by 2025.\nThus a major benefit from a vehicle-focused manufacturing plant in India would be exporting ability. Aside from fierce competition in IT/software/engineering positions in the tech realm of auto/EV manufacturing and higher salaries there,low labor costsin contractual workers (US$148 per month compared to US$234 per month in China) is transforming India into a prime hub for exporting cars, with export unit volume rising to 4.77 million, up 37% from 2017 to 2020). India offers significantcost advantages, with \"auto firms sav[ing] 10-25% vis-a-vis Europe and Latin America.\nTesla's price reductions in China-made models helped sales hit over 15,000 forJanuary, as competition heightens in the nation. As Tesla still wants to have a $25,000 model, or just more price reductions, utilization of low labor costs in India could allow it to build, export and sell models in China or even Europe for lower prices, maybe even to the low 200,000-yuan range in the former. Such ability to lever favorable labor costs and decrease prices could see incremental market share gains in China as lower cost mini/micro EV have gained significant traction, so price competition could be vital for driving demand in the premium segment in the future.\nIf Tesla decides not to utilize the Karnataka plant for vehicles, it could be very well suited for energy storage/solar like Giga Nevada and New York. Tesla noted in the Q4 release that energy storage remains supply-constrained, with Megapack and Powerwall demand strong, and utilization of the India plant could ease supply constraints as well as further boost capacity, aiding expansion in energy storage.\nIndia Still Has Obstacles\nEven with its status in the top five largest auto markets, India's auto market is quite different from traditional markets, in that it's dominated by two-wheelers. This could pressure a domestic market approach from Tesla in the early stages of EV adoption, but could cement the factory as an exporting base.\nThe market is expected to be driven by a growing youth population and a rise in middle class income, and more policy support in individual states like Karnataka as well as within the national government (reducing GST to 5% from 12%) can help drive EV adoption. While it's an \"estimated to be a Rs. 50,000 crore (US$ 7.09 billion)opportunityby 2025\" in EV, the majority of the growth will likely stem from two and three-wheelers.\nSource:IBEF\nTwo-wheelers accounted for 80.8% of all auto sales in the country for 2020, with passenger vehicles the second-largest segment at 12.9%, driven by small and mid-sized cars. Even though two-wheelers will be a significant driver of electrification, EV sales excluding e-rickshaws grew 20% during the year to 156,000 units; on the other side, luxury cars only hovered at about ~32,000 units. Moving through 2023, it's unlikely that passenger cars will eclipse 17% of the total market, with concentration remaining heavy in two-wheelers.\nIn terms of market players, a few main players control a majority of the market. In passenger vehicles, Maruti Suzuki had 51% share across the segment during 2020, while other main players include Kia, Hyundai and Mahindra with each having double-digit share in the SUV market. Tata Motors (TTM) has ~45% share in the commercial vehicle market, while Hero Motors leads in two-wheelers. Displacement of established brands with high market share, who are increasing investments in EV, could also prove difficult.\nHowever, infrastructure at the moment does not yet favor or facilitate EV adoption; a lack of public and private charging stations due to a minuscule penetration (sub 1%) of EV is a major headwind, as widespread adoption and acceptance of EV will need significant more development in charging stations (hence the subsidies in Karnataka). Limited infrastructure in terms of charging abilities and less development of the overall industry has led to EVs being quite costly, thus dampening adoption as well.\nIncome inequality could also prevent acceptance of EV over the course of the next decade unless prices fall to reasonable levels, given that India'sincome inequalityhas failed to improve. The bottom 40% in the country witnessed income growth of 58% through 2018, 64 percentage points below average wealth growth of 122%, thus widening the wealth gap. It's estimated that 60% of India's population controls just 4.7% of thenational wealth, and purchasing power remains too low for a significant proportion of the population to buy cars, let alone EVs.\nOutlook\nWhile Tesla has yet to officially state a timeline or intentions of the Karnataka plant, it's likely to provide significant benefits whether it focuses on vehicle manufacturing or in energy storage. India is a budding EV market, though one primarily concentrated in two-wheelers/rickshaws as the go-to mode for transportation; thus, outright domestic impact for Tesla could be minimal if/when the EV market starts to mature and affordability, demand and infrastructure for EV rises. However, Tesla is likely to benefit from low labor costs, opening up favorable export pathways to China, and could help drive more cost reductions in that fiercely competitive environment. Capacity expansion in either vehicles or energy storage is important for future revenue growth, and should the plant focus on vehicles and scale to a half-million output, 50% delivery growth rates through 2025 to 4 million could be easily feasible, should demand be there.","news_type":1},"isVote":1,"tweetType":1,"viewCount":382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387062338,"gmtCreate":1613700482824,"gmtModify":1704883816181,"author":{"id":"3574152339825630","authorId":"3574152339825630","name":"Mango123","avatar":"https://static.tigerbbs.com/bdc6fa79e5fff19c066a0cf2991a87b9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574152339825630","authorIdStr":"3574152339825630"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/387062338","repostId":"1102078157","repostType":4,"repost":{"id":"1102078157","pubTimestamp":1613643052,"share":"https://ttm.financial/m/news/1102078157?lang=&edition=fundamental","pubTime":"2021-02-18 18:10","market":"sg","language":"en","title":"Singapore Exchange hopes to list SPACs as early as this year","url":"https://stock-news.laohu8.com/highlight/detail?id=1102078157","media":"Bloomberg","summary":"[SINGAPORE] The Singapore Exchange (SGX)could list blank-cheque companies this year if it gets enoug","content":"<p>[SINGAPORE] The Singapore Exchange (SGX)could list blank-cheque companies&nbsp;this year if it gets enough support from the industry.</p><p>An impending marketconsultation on special purpose acquisition companies&nbsp;(SPAC)this quarter could take some time to get feedback, chief executive officer (CEO) Loh Boon Chye said in an interview Wednesday.</p><p>\"If the market is supportive, we hope to be able to do that sometime this year.\"</p><p>SPACs became a buzzword last year, sprouting by the dozen as the rich and famous - from hedge fund billionaire Bill Ackman to former US Speaker of the House Paul Ryan - and private equity firms rushed to set up new ones.</p><p>SPACs are increasingly seen as an appealing alternative route to public markets because the process avoids the risk and uncertainty of an initial public offering, though they've also been criticised for their structure, where managers - the founders - collect fees as an incentive to find a target and complete a deal. Many blank-cheque companies have turned to Asia to seek takeover targets.</p><p>The concept isn't new to the Singapore exchange. It had initiated a consultation on SPAC listings in 2010 - but there wasn't enough appetite among businesses and investors back then.</p><p>\"The world has changed, capital markets have evolved since then,\" said Mr Loh, who took over as CEO in 2015 after a long career in banking. He added that lower-for-longer interest rates, shorter business cycles, volatile markets and stimulus measures are heightening the need for and the ability to seek capital. SPACs could facilitate that while minimising market risk exposure by providing another avenue for investment, he said.</p><p>SPACs could be a way to revive investor interest in Singapore's stock market. The bourse has struggled to attract big-ticket IPOs over the past few years particularly in hot sectors such as technology. While the market volatility of 2020 was a boon, the value of shares traded remained below its five-year average.</p><p>SGX expects stock market listings this year in various sectors including technology, he said, as it awaits the mega IPO of Thai Beverage's brewery unit. The amount raised in first-time share sales in the city-state slumped to US$914 million last year from US$3.4 billion in 2017, according to data compiled by Bloomberg.</p>","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>Singapore Exchange hopes to list SPACs as early as this year</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 Exchange hopes to list SPACs as early as this year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 18:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/companies-markets/singapore-exchange-hopes-to-list-spacs-as-early-as-this-year><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>[SINGAPORE] The Singapore Exchange (SGX)could list blank-cheque companies this year if it gets enough support from the industry.An impending marketconsultation on special purpose acquisition companies...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/singapore-exchange-hopes-to-list-spacs-as-early-as-this-year\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.businesstimes.com.sg/companies-markets/singapore-exchange-hopes-to-list-spacs-as-early-as-this-year","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102078157","content_text":"[SINGAPORE] The Singapore Exchange (SGX)could list blank-cheque companies this year if it gets enough support from the industry.An impending marketconsultation on special purpose acquisition companies (SPAC)this quarter could take some time to get feedback, chief executive officer (CEO) Loh Boon Chye said in an interview Wednesday.\"If the market is supportive, we hope to be able to do that sometime this year.\"SPACs became a buzzword last year, sprouting by the dozen as the rich and famous - from hedge fund billionaire Bill Ackman to former US Speaker of the House Paul Ryan - and private equity firms rushed to set up new ones.SPACs are increasingly seen as an appealing alternative route to public markets because the process avoids the risk and uncertainty of an initial public offering, though they've also been criticised for their structure, where managers - the founders - collect fees as an incentive to find a target and complete a deal. Many blank-cheque companies have turned to Asia to seek takeover targets.The concept isn't new to the Singapore exchange. It had initiated a consultation on SPAC listings in 2010 - but there wasn't enough appetite among businesses and investors back then.\"The world has changed, capital markets have evolved since then,\" said Mr Loh, who took over as CEO in 2015 after a long career in banking. He added that lower-for-longer interest rates, shorter business cycles, volatile markets and stimulus measures are heightening the need for and the ability to seek capital. SPACs could facilitate that while minimising market risk exposure by providing another avenue for investment, he said.SPACs could be a way to revive investor interest in Singapore's stock market. The bourse has struggled to attract big-ticket IPOs over the past few years particularly in hot sectors such as technology. While the market volatility of 2020 was a boon, the value of shares traded remained below its five-year average.SGX expects stock market listings this year in various sectors including technology, he said, as it awaits the mega IPO of Thai Beverage's brewery unit. The amount raised in first-time share sales in the city-state slumped to US$914 million last year from US$3.4 billion in 2017, according to data compiled by Bloomberg.","news_type":1},"isVote":1,"tweetType":1,"viewCount":316,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324808917,"gmtCreate":1615979401539,"gmtModify":1704789215526,"author":{"id":"3574152339825630","authorId":"3574152339825630","name":"Mango123","avatar":"https://static.tigerbbs.com/bdc6fa79e5fff19c066a0cf2991a87b9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574152339825630","authorIdStr":"3574152339825630"},"themes":[],"htmlText":"?..............&nbsp;","listText":"?..............&nbsp;","text":"?..............","images":[{"img":"https://static.tigerbbs.com/5a02a9d9bd44a75362b53344d7b7afed","width":"1080","height":"2391"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324808917","isVote":1,"tweetType":1,"viewCount":546,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":364295386,"gmtCreate":1614852561545,"gmtModify":1704776037887,"author":{"id":"3574152339825630","authorId":"3574152339825630","name":"Mango123","avatar":"https://static.tigerbbs.com/bdc6fa79e5fff19c066a0cf2991a87b9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574152339825630","authorIdStr":"3574152339825630"},"themes":[],"htmlText":"Okie","listText":"Okie","text":"Okie","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/364295386","repostId":"1135874277","repostType":4,"isVote":1,"tweetType":1,"viewCount":332,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387804348,"gmtCreate":1613733063384,"gmtModify":1704884290956,"author":{"id":"3574152339825630","authorId":"3574152339825630","name":"Mango123","avatar":"https://static.tigerbbs.com/bdc6fa79e5fff19c066a0cf2991a87b9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574152339825630","authorIdStr":"3574152339825630"},"themes":[],"htmlText":"????&nbsp;","listText":"????&nbsp;","text":"????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/387804348","repostId":"1107899645","repostType":4,"isVote":1,"tweetType":1,"viewCount":308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}