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11-25

$SUPER MICRO COMPUTER INC(SMCI)$

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10-28

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AMD: The Overvalued Kingdom Of Challenges

10-25

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10-22

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@zippy1:$Advanced Micro Devices(AMD)$ Everyone who studies AMD agrees, AMD has set itself up for great success into a huge $625B TAM that AMD has identified. And AMD has guided for a strong return to revenue growth in the next ER of 21% with top end quarterly revenue guidance of $7B.To name just a few drivers, we now face this return to growth along with uncertainties from falling interest rates that broaden investable equities, wars across the globe and the most unusual American presidential election in history!So after November 5th we are looking at a great increase in AMD and a wonderful Santa Rally taking AMD towards $250 by Christmas.The Market sees, $10B revenue quarters are coming to AMD in 2025. So $250 i

10-16

$Advanced Micro Devices(AMD)$

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09-19

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08-27

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Meta Platforms: Rapid Monetization Of AI Investment Makes It Very Attractive

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$Wilmar Intl(F34.SI)$

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INC(SMCI)$&nbsp;</a>&nbsp;","text":"$SUPER MICRO COMPUTER INC(SMCI)$","images":[{"img":"https://community-static.tradeup.com/news/92a9e23deb497e00280984fbde16f720","width":"1092","height":"1717"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/373833918464296","isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":364840923721800,"gmtCreate":1730082812886,"gmtModify":1730082816864,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"U short la...","listText":"U short la...","text":"U short la...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/364840923721800","repostId":"2478925115","repostType":4,"repost":{"id":"2478925115","kind":"highlight","pubTimestamp":1730081661,"share":"https://ttm.financial/m/news/2478925115?lang=&edition=fundamental","pubTime":"2024-10-28 10:14","market":"sg","language":"en","title":"AMD: The Overvalued Kingdom Of Challenges","url":"https://stock-news.laohu8.com/highlight/detail?id=2478925115","media":"seekingalpha","summary":"Advanced Micro Devices, Inc. stock remains a Strong Sell despite a 6% price drop since my last call, with significant reaction expected to Q3 earnings on October 29.AMD's new AI products, including Tu","content":"<html><head></head><body><ul><li><p>Advanced Micro Devices, Inc. stock remains a Strong Sell despite a 6% price drop since my last call, with significant reaction expected to Q3 earnings on October 29.</p></li><li><p>AMD&#39;s new AI products, including Turin EPYC CPUs and Instinct MI325x AI accelerator, failed to excite investors, leading to a stock price decline.</p></li><li><p>AMD&#39;s inventory has grown to nearly $5 billion, representing 21% of TTM revenue, a concerning level compared to Nvidia&#39;s 7% ratio.</p></li><li><p>The upcoming earnings release is crucial for AMD investors, especially after the underwhelming response to the recent AI product unveiling.</p></li></ul><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b0f19dbbd718a9f719e9c6d687f169e8\" data-align=\"center\" tg-width=\"750\" tg-height=\"500\"/><span></span></p><p></p><h2>My thesis</h2><p><strong>Advanced Micro Devices, Inc.</strong> (NASDAQ:AMD) (NEOE:AMD:CA) stock still appears to be a Strong Sell. This is despite the stock becoming cheaper after it declined by 6.5% since I shared my previous analysis. The new earnings release is expected next week, and there are several warning signs indicating that Q3 earnings might disappoint investors.</p><p>According to my discounted cash flow model, the stock is significantly overvalued, and weak earnings could serve as a major negative catalyst for the share price. The inventory problem continues to mount despite positive revenue dynamics over the last few quarters. After AMD recently released various new products, it is highly likely that the existing inventory is now obsolete, forcing the company to sell them at large discounts, which will pressure profitability.</p><h2>AMD stock analysis</h2><p>Today I want to focus on AMD&#39;s upcoming earnings release because growth stocks usually tend to react significantly to beats or misses against consensus. According to the official information from AMD, the company will release its Q3 earnings on October 29, after the close of the market. This is highly likely the biggest event for investors that is left in 2024 because on October 10 the company already made a presentation where it unveiled its new AI chip.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/21050cc00f96b5065446a96aaec4b0c2\" data-align=\"center\" tg-width=\"640\" tg-height=\"226\"/><span></span></p><p></p><p>During the event, AMD unveiled new Turin EPYC data center CPUs and an Instinct MI325x AI accelerator. The company also unveiled Ryzen AI PRO 300 Series, the first Microsoft (MSFT) Copilot+ laptops designed for enterprise. Despite the company rolled out various new products with AI exposure, it appears that investors were not excited much. The stock price dropped notably after the event, even despite the S&amp;P 500 (SP500) demonstrated positive dynamic over the same period.</p><p>Since my previous analysis was published before the Q2 earnings release, I want to refer to one of the fundamental issues related to the latest quarterly financial report. In my previous thesis, I emphasized that AMD&#39;s inventory grew significantly over the last couple of years. As we see below, the problem became even larger during the previous reportable quarter as inventory grew to almost $5 billion. This is around 21% of AMD&#39;s TTM revenue, which is a substantial level. For example, NVIDIA&#39;s (NVDA) inventory was $6.7 billion as of the latest reporting date. This is higher compared to AMD in absolute terms, but Nvidia&#39;s TTM revenue is $96 billion, meaning that the inventory to TTM revenue ratio is around 7%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4ff48e9308dcc9c082b9d4d526dd1c65\" data-align=\"center\" tg-width=\"635\" tg-height=\"424\"/><span></span></p><p></p><p>A high inventory level presents a significant fundamental issue for the company, as nearly $5 billion of its assets are tied up in inventories. These inventories appear to be slow-moving, given that their balance continues to grow, even despite AMD&#39;s revenue returning to the growth path during recent quarters. This high inventory level is likely to be a long-lasting headwind for profitability because the outstanding balance is not much lower compared to quarterly sales over several past quarters.</p><p>Additionally, we should not forget that AMD consistently rolls out new, upgraded versions of its products. With that being said, the inventory will highly likely sell off slowly and potentially at a large discount, as demand for older versions diminishes notably once new versions appear.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c84efb136c7615d38aafaeaf533c1b4f\" data-align=\"center\" tg-width=\"640\" tg-height=\"505\"/><span></span></p><p></p><p>According to quarterly consensus estimates, analysts expect a 31% YoY adjusted EPS growth. This is notably ahead of the expected 16% YoY revenue growth. Furthermore, for the quarters beyond fiscal Q3 2024, analysts project a substantial acceleration in EPS growth. However, given the significant inventory issue, these EPS growth forecasts might be overly optimistic. Therefore, there is a considerable risk of AMD missing Q3 EPS consensus estimates and potentially downgrading its outlook.</p><p>As I mentioned in my previous AMD coverage, growth in Data Center revenue was the only strong revenue growth driver over the last few quarters. However, in this market, AMD competes with Nvidia. Due to its smaller scale and much weaker financial position compared to Nvidia, it is very difficult for AMD to compete in data centers. Nvidia&#39;s hottest offering for data centers is its new Blackwell GPU. According to the management, the supply of Blackwell is already sold out for the next 12 months. Furthermore, analysts from Morgan Stanley (MS) believe that Nvidia is likely to expand its market share in AI processors in 2025. Since AMD is the second-largest player in the market, it is highly likely that Nvidia&#39;s potential 2025 market share expansion will happen at AMD&#39;s expense.</p><p>Due to all these factors, I am quite pessimistic about AMD&#39;s upcoming Q3 earnings release. Inventory is a strong headwind for profitability, and fierce competition from Nvidia&#39;s Blackwell means that AMD&#39;s management is unlikely to boost its AI revenue projections for 2025.</p><h2>Intrinsic value calculation</h2><p>AMD leverage ratio is low, meaning that using cost of equity is a fair choice to be used as a discount rate for my discounted cash flow (DCF) model. The below working demonstrates why the discount rate is 12.02%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b8fbc491480a907a6e73fe9126ab12c6\" data-align=\"center\" tg-width=\"640\" tg-height=\"111\"/><span></span></p><p></p><p>According to consensus, the revenue CAGR for years 1-5 is around 18%. This is an aggressive assumption, but using an optimistic forecast as the first scenario looks reasonable to balance out my bearish stance. Therefore, the perpetual growth rate is also aggressive at 5%. The levered TTM FCF margin is 9.1%. This is my year 1 FCF assumption, with expected growth of the metric by 100 bps annually. I use levered FCF margin because cost of equity is the discount rate.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e388df28359da3702848f5e30a30754a\" data-align=\"center\" tg-width=\"640\" tg-height=\"403\"/><span></span></p><p></p><p>AMD&#39;s intrinsic value per share is $69. This target price is significantly lower compared to the current share price of $153.44. The valuation is very generous because only a 9% perpetual growth rate more or less justifies the current share price.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/10f6774d0298b36d767059d96a6737a8\" data-align=\"center\" tg-width=\"640\" tg-height=\"409\"/><span></span></p><p></p><h2>What can go wrong with my thesis?</h2><p>While I do not see opportunities for AMD to compete with Nvidia in AI processors, the company has successfully played its &#39;David versus Goliath&#39; role in the past against Intel (INTC). Less than ten years ago, there was a massive gap between Intel&#39;s and AMD&#39;s market shares in x86 computer CPUs. According to Statista, AMD has significantly narrowed this gap recently, and Intel&#39;s position no longer appears unassailable. Therefore, AMD&#39;s management has experience in successfully competing with larger competitors.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/dc2ff8c1baf81adee613b53f6b3b12b2\" data-align=\"center\" tg-width=\"640\" tg-height=\"387\"/><span></span></p><p></p><p>Despite I am pessimistic about AMD&#39;s ability to beat consensus EPS estimates, its recent earnings surprise history is quite strong. According to Seeking Alpha&#39;s chart, there has been only one negative EPS surprise over the last sixteen quarters, which is a strong track record suggesting that I might be underestimating the company&#39;s ability to deliver positive surprises.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ef723414a969180069a956b673d9e266\" data-align=\"center\" tg-width=\"640\" tg-height=\"245\"/><span></span></p><p></p><h2>Summary</h2><p>I am quite pessimistic about AMD&#39;s approaching earnings release due to a few (but big) warning signs. In addition, the stock appears significantly overvalued.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMD: The Overvalued Kingdom Of Challenges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMD: The Overvalued Kingdom Of Challenges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-28 10:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4729668-amd-the-overvalued-kingdom-of-challenges><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Advanced Micro Devices, Inc. stock remains a Strong Sell despite a 6% price drop since my last call, with significant reaction expected to Q3 earnings on October 29.AMD's new AI products, including ...</p>\n\n<a href=\"https://seekingalpha.com/article/4729668-amd-the-overvalued-kingdom-of-challenges\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0823434583.USD":"BNP PARIBAS US GROWTH \"C\" (USD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","BK4588":"碎股","LU0823434740.USD":"BNP PARIBAS US GROWTH \"C\" (USD) INC","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","BK4141":"半导体产品","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","BK4573":"虚拟现实","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU1880398471.USD":"AMUNDI FUNDS GLOBAL EQUITY \"A2\" (USD) ACC","LU1880398554.USD":"AMUNDI FUNDS GLOBAL EQUITY \"A2\" (USD) INC","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","BK4512":"苹果概念","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","AMD":"美国超微公司","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4529":"IDC概念","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","BK4554":"元宇宙及AR概念","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","BK4532":"文艺复兴科技持仓","LU0109392836.USD":"富兰克林科技股A","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","BK4585":"ETF&股票定投概念","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BK4534":"瑞士信贷持仓","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","BK4566":"资本集团","BK4575":"芯片概念","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H"},"source_url":"https://seekingalpha.com/article/4729668-amd-the-overvalued-kingdom-of-challenges","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2478925115","content_text":"Advanced Micro Devices, Inc. stock remains a Strong Sell despite a 6% price drop since my last call, with significant reaction expected to Q3 earnings on October 29.AMD's new AI products, including Turin EPYC CPUs and Instinct MI325x AI accelerator, failed to excite investors, leading to a stock price decline.AMD's inventory has grown to nearly $5 billion, representing 21% of TTM revenue, a concerning level compared to Nvidia's 7% ratio.The upcoming earnings release is crucial for AMD investors, especially after the underwhelming response to the recent AI product unveiling.My thesisAdvanced Micro Devices, Inc. (NASDAQ:AMD) (NEOE:AMD:CA) stock still appears to be a Strong Sell. This is despite the stock becoming cheaper after it declined by 6.5% since I shared my previous analysis. The new earnings release is expected next week, and there are several warning signs indicating that Q3 earnings might disappoint investors.According to my discounted cash flow model, the stock is significantly overvalued, and weak earnings could serve as a major negative catalyst for the share price. The inventory problem continues to mount despite positive revenue dynamics over the last few quarters. After AMD recently released various new products, it is highly likely that the existing inventory is now obsolete, forcing the company to sell them at large discounts, which will pressure profitability.AMD stock analysisToday I want to focus on AMD's upcoming earnings release because growth stocks usually tend to react significantly to beats or misses against consensus. According to the official information from AMD, the company will release its Q3 earnings on October 29, after the close of the market. This is highly likely the biggest event for investors that is left in 2024 because on October 10 the company already made a presentation where it unveiled its new AI chip.During the event, AMD unveiled new Turin EPYC data center CPUs and an Instinct MI325x AI accelerator. The company also unveiled Ryzen AI PRO 300 Series, the first Microsoft (MSFT) Copilot+ laptops designed for enterprise. Despite the company rolled out various new products with AI exposure, it appears that investors were not excited much. The stock price dropped notably after the event, even despite the S&P 500 (SP500) demonstrated positive dynamic over the same period.Since my previous analysis was published before the Q2 earnings release, I want to refer to one of the fundamental issues related to the latest quarterly financial report. In my previous thesis, I emphasized that AMD's inventory grew significantly over the last couple of years. As we see below, the problem became even larger during the previous reportable quarter as inventory grew to almost $5 billion. This is around 21% of AMD's TTM revenue, which is a substantial level. For example, NVIDIA's (NVDA) inventory was $6.7 billion as of the latest reporting date. This is higher compared to AMD in absolute terms, but Nvidia's TTM revenue is $96 billion, meaning that the inventory to TTM revenue ratio is around 7%.A high inventory level presents a significant fundamental issue for the company, as nearly $5 billion of its assets are tied up in inventories. These inventories appear to be slow-moving, given that their balance continues to grow, even despite AMD's revenue returning to the growth path during recent quarters. This high inventory level is likely to be a long-lasting headwind for profitability because the outstanding balance is not much lower compared to quarterly sales over several past quarters.Additionally, we should not forget that AMD consistently rolls out new, upgraded versions of its products. With that being said, the inventory will highly likely sell off slowly and potentially at a large discount, as demand for older versions diminishes notably once new versions appear.According to quarterly consensus estimates, analysts expect a 31% YoY adjusted EPS growth. This is notably ahead of the expected 16% YoY revenue growth. Furthermore, for the quarters beyond fiscal Q3 2024, analysts project a substantial acceleration in EPS growth. However, given the significant inventory issue, these EPS growth forecasts might be overly optimistic. Therefore, there is a considerable risk of AMD missing Q3 EPS consensus estimates and potentially downgrading its outlook.As I mentioned in my previous AMD coverage, growth in Data Center revenue was the only strong revenue growth driver over the last few quarters. However, in this market, AMD competes with Nvidia. Due to its smaller scale and much weaker financial position compared to Nvidia, it is very difficult for AMD to compete in data centers. Nvidia's hottest offering for data centers is its new Blackwell GPU. According to the management, the supply of Blackwell is already sold out for the next 12 months. Furthermore, analysts from Morgan Stanley (MS) believe that Nvidia is likely to expand its market share in AI processors in 2025. Since AMD is the second-largest player in the market, it is highly likely that Nvidia's potential 2025 market share expansion will happen at AMD's expense.Due to all these factors, I am quite pessimistic about AMD's upcoming Q3 earnings release. Inventory is a strong headwind for profitability, and fierce competition from Nvidia's Blackwell means that AMD's management is unlikely to boost its AI revenue projections for 2025.Intrinsic value calculationAMD leverage ratio is low, meaning that using cost of equity is a fair choice to be used as a discount rate for my discounted cash flow (DCF) model. The below working demonstrates why the discount rate is 12.02%.According to consensus, the revenue CAGR for years 1-5 is around 18%. This is an aggressive assumption, but using an optimistic forecast as the first scenario looks reasonable to balance out my bearish stance. Therefore, the perpetual growth rate is also aggressive at 5%. The levered TTM FCF margin is 9.1%. This is my year 1 FCF assumption, with expected growth of the metric by 100 bps annually. I use levered FCF margin because cost of equity is the discount rate.AMD's intrinsic value per share is $69. This target price is significantly lower compared to the current share price of $153.44. The valuation is very generous because only a 9% perpetual growth rate more or less justifies the current share price.What can go wrong with my thesis?While I do not see opportunities for AMD to compete with Nvidia in AI processors, the company has successfully played its 'David versus Goliath' role in the past against Intel (INTC). Less than ten years ago, there was a massive gap between Intel's and AMD's market shares in x86 computer CPUs. According to Statista, AMD has significantly narrowed this gap recently, and Intel's position no longer appears unassailable. Therefore, AMD's management has experience in successfully competing with larger competitors.Despite I am pessimistic about AMD's ability to beat consensus EPS estimates, its recent earnings surprise history is quite strong. According to Seeking Alpha's chart, there has been only one negative EPS surprise over the last sixteen quarters, which is a strong track record suggesting that I might be underestimating the company's ability to deliver positive surprises.SummaryI am quite pessimistic about AMD's approaching earnings release due to a few (but big) warning signs. In addition, the stock appears significantly overvalued.","news_type":1},"isVote":1,"tweetType":1,"viewCount":57,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363808655896640,"gmtCreate":1729830712042,"gmtModify":1729830716724,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[{"img":"https://community-static.tradeup.com/news/3e0c1dfea63f7d1f2eb46d4c14c9f53a","width":"1284","height":"1605"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363808655896640","isVote":1,"tweetType":1,"viewCount":20,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":362558605201568,"gmtCreate":1729557159355,"gmtModify":1729557163109,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/362558605201568","repostId":"362363522265168","repostType":1,"repost":{"id":362363522265168,"gmtCreate":1729495918788,"gmtModify":1729495924195,"author":{"id":"9000000000000499","authorId":"9000000000000499","name":"zippy1","avatar":"https://static.tigerbbs.com/6b5dd5252a1bca34909f191e8c9ba404","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"9000000000000499","authorIdStr":"9000000000000499"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> <v-v data-views=\"1\"></v-v>Everyone who studies AMD agrees, AMD has set itself up for great success into a huge $625B TAM that AMD has identified.&nbsp; And AMD has guided for a strong return to revenue growth in the next ER of 21% with top end quarterly revenue guidance of $7B.To name just a few drivers,&nbsp; we now face this return to growth along with uncertainties from falling interest rates that broaden investable equities, wars across the globe and the most unusual American presidential election in history!So after November 5th we are looking at a great increase in AMD and a wonderful Santa Rally taking AMD towards $250 by Christmas.The Market sees, $10B revenue quarters are coming to AMD in 2025.&nbsp; So $250 i","listText":"<a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> <v-v data-views=\"1\"></v-v>Everyone who studies AMD agrees, AMD has set itself up for great success into a huge $625B TAM that AMD has identified.&nbsp; And AMD has guided for a strong return to revenue growth in the next ER of 21% with top end quarterly revenue guidance of $7B.To name just a few drivers,&nbsp; we now face this return to growth along with uncertainties from falling interest rates that broaden investable equities, wars across the globe and the most unusual American presidential election in history!So after November 5th we are looking at a great increase in AMD and a wonderful Santa Rally taking AMD towards $250 by Christmas.The Market sees, $10B revenue quarters are coming to AMD in 2025.&nbsp; So $250 i","text":"$Advanced Micro Devices(AMD)$ Everyone who studies AMD agrees, AMD has set itself up for great success into a huge $625B TAM that AMD has identified. And AMD has guided for a strong return to revenue growth in the next ER of 21% with top end quarterly revenue guidance of $7B.To name just a few drivers, we now face this return to growth along with uncertainties from falling interest rates that broaden investable equities, wars across the globe and the most unusual American presidential election in history!So after November 5th we are looking at a great increase in AMD and a wonderful Santa Rally taking AMD towards $250 by Christmas.The Market sees, $10B revenue quarters are coming to AMD in 2025. So $250 i","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/362363522265168","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":63,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360467299885296,"gmtCreate":1729023931213,"gmtModify":1729023936299,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$&nbsp;</a>&nbsp;","text":"$Advanced Micro Devices(AMD)$","images":[{"img":"https://community-static.tradeup.com/news/1eb4ce6d43cf11b6a6c33740d47ef058","width":"1086","height":"1713"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360467299885296","isVote":1,"tweetType":1,"viewCount":22,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":357608210485576,"gmtCreate":1728308777237,"gmtModify":1728308781731,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SMCI\">$SUPER MICRO COMPUTER INC(SMCI)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/SMCI\">$SUPER MICRO COMPUTER INC(SMCI)$&nbsp;</a>&nbsp;","text":"$SUPER MICRO COMPUTER INC(SMCI)$","images":[{"img":"https://community-static.tradeup.com/news/8a6be0e61e80b177115735b4bc7f5e53","width":"1086","height":"1713"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/357608210485576","isVote":1,"tweetType":1,"viewCount":116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":355884602388552,"gmtCreate":1727895458712,"gmtModify":1727895463282,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SMCI\">$SUPER MICRO COMPUTER INC(SMCI)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/SMCI\">$SUPER MICRO COMPUTER INC(SMCI)$&nbsp;</a>&nbsp;","text":"$SUPER MICRO COMPUTER INC(SMCI)$","images":[{"img":"https://community-static.tradeup.com/news/3dae430f0a91d3a20c7ae4426cafcfc7","width":"1086","height":"1713"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355884602388552","isVote":1,"tweetType":1,"viewCount":209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":350824783245472,"gmtCreate":1726692337923,"gmtModify":1726692342085,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$&nbsp;</a>&nbsp;","text":"$Meta Platforms, Inc.(META)$","images":[{"img":"https://community-static.tradeup.com/news/64515b835becdc40b04ba9caa4999e7b","width":"1086","height":"1713"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350824783245472","isVote":1,"tweetType":1,"viewCount":213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":342931954303272,"gmtCreate":1724742074976,"gmtModify":1724742078664,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342931954303272","repostId":"2462919600","repostType":4,"repost":{"id":"2462919600","kind":"highlight","pubTimestamp":1724730248,"share":"https://ttm.financial/m/news/2462919600?lang=&edition=fundamental","pubTime":"2024-08-27 11:44","market":"nz","language":"en","title":"Meta Platforms: Rapid Monetization Of AI Investment Makes It Very Attractive","url":"https://stock-news.laohu8.com/highlight/detail?id=2462919600","media":"seekingalpha","summary":"Meta’s AI investment is paying off as the company has shown strong improvement in ad impressions and price per ad.Wall Street is cautious about the aggressive forward capex plans of Meta but the compa","content":"<html><head></head><body><ul style=\"\"><li><p>Meta’s AI investment is paying off as the company has shown strong improvement in ad impressions and price per ad.</p></li><li><p>Wall Street is cautious about the aggressive forward capex plans of Meta but the company could show better than expected results as new AI tools are monetized.</p></li><li><p>Meta’s Reels, Threads, and WhatsApp platforms are also showing strong tailwinds as competitors face new challenges.</p></li><li><p>Meta stock has shown over 50% YTD growth but it is still trading at 21.8X forward PE (fiscal year ending 2025) and only 19X forward PE(fiscal year ending 2026).</p></li><li><p>Meta is still one of the more reasonably priced stock within big tech companies and it has good growth runway as AI tools show bigger improvement.</p></li></ul><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ebd8a8bd7d7a1035c5452cfb1400637c\" tg-width=\"750\" tg-height=\"500\"/></p><p>Buda Mendes/Getty Images News</p><p></p><p><a href=\"https://laohu8.com/S/META\">Meta Platforms</a> (NASDAQ:META) stock continues to diverge from other Big Tech companies after the recent earnings. The strong quarterly results of Meta have helped deliver another bullish swing for the stock and it is now up over 50% YTD. One of the key metrics reported by Meta has been 10% price per ad growth. The massive investment in AI chips and building new tools has helped Meta deliver better ads to customers. This in turn has increased the attraction of the platform for advertisers. If Meta can continue to deliver double-digit growth in price per ad, it would justify the massive investment in AI and also improve the overall margins and EPS trajectory. In a previous article, it was mentioned that Meta is building a strong lead in the VR space, and Apple (AAPL) or other new entrants would find it difficult to dethrone Meta.</p><p>Meta is also showing strong tailwinds for Reels, Threads, and WhatsApp platforms. There is still a lot of time spent by customers on competitor platforms. Improvement in these platforms should help Meta improve its daily active people or DAP and also increase the ad impressions delivered over the long run.</p><p>Despite 50% YTD growth in the stock, Meta is still trading at only 21.8X PE ratio for next year and 19X PE ratio for fiscal year ending 2026 according to consensus EPS estimates. The consensus EPS estimate for both 2025 and 2026 shows close to 15% EPS growth. Meta provides a reasonable valuation multiple compared to other big peers and has good tailwinds which will increase the growth runway for the company.</p><h3 id=\"id_2242904606\">Rapid monetization of AI investment</h3><p>All the big tech companies have ramped up their AI investments in order to build new AI tools. However, Meta has been able to deliver a better monetization path compared to other peers. New AI tools built by Meta can instantly be used to deliver better ads and search results. Meta does not have to wait to gain customer traction for new AI tools. This is a massive advantage for the company which is not priced in. We have already seen Meta outperforming other big tech peers in recent earnings.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/919afff2cd0c9cbbfba520f02394f3dc\" tg-width=\"640\" tg-height=\"258\"/></p><p>Ycharts</p><p></p><p>Figure: Price movement in big tech after recent earnings. Source: Ycharts</p><p>In the above chart we can see Meta outperforming all other peers since the recent earnings. In the YTD, Meta stock has risen by 50% compared to 10%-18% for Microsoft, Google and Apple.</p><p>One of the key reasons has been the strong growth in important metrics like price per ads and number of ad impressions, both of which grew by 10% YoY.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/226b7b907e38fae2426fd2fa0a84260d\" tg-width=\"979\" tg-height=\"393\"/></p><p>Ycharts</p><p></p><p>Figure: Increase in Capex by big tech companies. Source: Ycharts</p><p>Both Microsoft (MSFT) and Google (GOOG) have been in the lead in terms of investment in AI and their capex has increased to over $50 billion on an annualized basis. Meta has also increased its forward capex estimate and is looking to spend close to $40 billion annually on capex. However, the big difference between Meta and other peers is that Meta has been able to monetize the investment in AI quickly. The AI chips have been very expensive and most of the big tech companies have bought them in bulk. They hope to utilize them over the next few quarters.</p><p>In a previous earnings report, Nvidia has mentioned that close to half of its data management revenue comes from selling AI chips to large cloud providers like Microsoft, Amazon (AMZN), and Google. This is equal to $10 billion in revenue in a single quarter. However, these large cloud operators have not been able to show a massive revenue and margin boost by using these AI chips. They need to build new AI tools for their cloud operations and then convince clients to pay a premium for these tools. This is a long process and the cloud operators have not shown a big boost in fundamental metrics due to these investments. Wall Street is getting cautious due to these massive investments and we have already seen some bearish signs in these big tech companies in the recent months.</p><p>Meta’s rapid monetization of its AI investment can set it apart from other big tech companies and make the stock outperform the rest over the next few quarters.</p><h3 id=\"id_2859443238\">Strong tailwinds for Reels, Threads, and WhatsApp</h3><p>Meta is also showing tailwinds in key platforms like Reels, Threads, and WhatsApp. We already know that TikTok is facing a major challenge in US. There is bipartisan agreement to ban or limit TikTok. The court will hear the case in September. However, it seems highly unlikely that TikTok can prevail in the face of these regulatory challenges. National security is becoming a key priority and the regulators would like to have strong control over the social media platforms. Bloomberg has mentioned that TikTok is facing greater scrutiny after it failed to limit negative content on its platform during the recent UK riots. Despite intense lobbying by TikTok, we could see a complete or partial ban on the app in US and other Western markets.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d52d94f1fb3153bba0eef1b2cb99ee12\" tg-width=\"566\" tg-height=\"374\"/></p><p>eMarketer</p><p></p><p>Figure: TikTok’s performance in US compared to other platforms. Source: eMarketer</p><p>A recent eMarketer report has mentioned that TikTok has a massive presence within US. The time spent on TikTok easily surpasses Instagram and Facebook for most age groups. If a TikTok ban is finalized in US and other Western markets, it will be a major boost for Reels which is increasing in popularity. Greater time spent on Reels should allow Meta to increase its ad impressions and also charge a higher price per ad from advertisers. TikTok posted $16 billion in revenue in US in 2023. Even if 50% of these users migrate to Instagram, Meta could see a big boost. It is highly likely that Meta would be able to monetize the customers better than TikTok due to its AI tools and the entire social media ecosystem.</p><p>Meta also mentioned that Threads has reached 200 million daily active users. Elon Musk’s X, formerly Twitter, has already faced advertiser backlash and has seen advertising plummet by more than two-thirds. Musk himself has made controversial comments recently which can push regulators to take firm action against the platform. Threads should gain from this trend as they see better customer traction.</p><p>WhatsApp has reached over 100 million active users in US. The device-agnostic app is gaining in popularity in US and other international regions. This should improve the social media ecosystem for Meta and improve the long term growth runway for the company.</p><h3 id=\"id_3585624563\">Risks to the thesis</h3><p>One of the biggest risks for Meta is that it is still dependent on Apple and other OEMs for the smooth running of its apps. We have already seen Apple create massive headwinds for Meta in 2021 by changing a few privacy settings. The rivalry between Meta and Apple is increasing with the launch of Vision Pro which competes against Meta&#39;s Quest. It is certainly possible that Apple would create further changes that would harm Meta&#39;s ability to monetize its user base. The negative impact on Meta could be sudden and this could cause a big dip in EPS in the short term. Meta is trying to build its own ecosystem of devices with Quest and smart glasses. However, it will take a long time before the devices gain significant customer traction.</p><p>Meta has had its own share of controversies regarding toxic content on its platform. The company has worked hard to reduce such information. But it is certainly possible that Meta will also see a regulatory pushback if negative content is found on its platforms.</p><p>Another major risk is the massive investment in Reality Labs. The company has already invested over $50 billion and the annual losses can easily cross $15 billion in the near term. This is a big investment for Meta and we have not seen a clear roadmap to monetization. Zuckerberg has a majority of voting power and investors would need to keep faith in the management to prudently use this investment.</p><h3 id=\"id_76982006\">Still a reasonably priced stock</h3><p>The EPS estimate for Meta for 2024 is $21.20 showing YoY growth of 40%. The EPS estimate for fiscal year ending 2025 is $24.18 with a forward PE ratio of 21.8. The EPS estimate for fiscal year ending 2026 is $27.69 with a forward PE ratio of 19. The consensus EPS estimate shows that Meta can deliver 15% YoY EPS growth in 2025 and 2026. This is a strong pace of growth and we could see some upward revisions if there is a TikTok ban.</p><p>Meta’s valuation looks reasonable when we look at the forward EPS growth projection. No other big tech company gives similar valuation and growth options.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e4e9641aa3e0c039b55d7bdebeae9327\" tg-width=\"720\" tg-height=\"181\"/></p><p>Seeking Alpha</p><p></p><p>Figure: EPS estimates and PE metrics of Meta. Source: Seeking Alpha</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/1704046598e783a8bc6f1f513aaaa758\" tg-width=\"984\" tg-height=\"390\"/></p><p>Ycharts</p><p></p><p>Figure: Key metrics of Meta and other peers. Source: Ycharts</p><p>Meta has one of the lowest forward PE multiples and the highest YoY revenue growth among big tech companies. As mentioned above, Meta could also show strong monetization of its AI investment as it is able to rapidly deploy new AI tools to help advertisers which increases its price per ad. The recent 50% YTD growth in Meta stock can make some investors hesitant to invest in Meta as they think that the stock has priced in the future growth potential. However, the company has strong fundamentals and is showing a good EPS growth trajectory which makes its forward PE multiple very reasonable when compared to other peers.</p><h3 id=\"id_2284354225\">Investor Takeaway</h3><p>Meta’s AI investment is starting to show results as the stock diverges away from other big tech peers. The strong price per ad growth in Meta is an indication that its new AI tools for advertisers are gaining traction and the advertisers are willing to pay more for ad placement. We should also see strong tailwinds in other platforms like Reels, Threads and WhatsApp.</p><p>The forward PE ratio of Meta for fiscal year ending 2025 is only 21.8. This is quite reasonable when we look at the EPS growth trajectory of the company making it a good option at the current price.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Platforms: Rapid Monetization Of AI Investment Makes It Very Attractive</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\">\nMeta Platforms: Rapid Monetization Of AI Investment Makes It Very Attractive\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-27 11:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4717093-meta-platforms-stock-rapid-monetization-ai-investment-makes-it-very-attractive><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Meta’s AI investment is paying off as the company has shown strong improvement in ad impressions and price per ad.Wall Street is cautious about the aggressive forward capex plans of Meta but the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4717093-meta-platforms-stock-rapid-monetization-ai-investment-makes-it-very-attractive\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","BK4592":"伊斯兰概念","BK4532":"文艺复兴科技持仓","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - 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The strong quarterly results of Meta have helped deliver another bullish swing for the stock and it is now up over 50% YTD. One of the key metrics reported by Meta has been 10% price per ad growth. The massive investment in AI chips and building new tools has helped Meta deliver better ads to customers. This in turn has increased the attraction of the platform for advertisers. If Meta can continue to deliver double-digit growth in price per ad, it would justify the massive investment in AI and also improve the overall margins and EPS trajectory. In a previous article, it was mentioned that Meta is building a strong lead in the VR space, and Apple (AAPL) or other new entrants would find it difficult to dethrone Meta.Meta is also showing strong tailwinds for Reels, Threads, and WhatsApp platforms. There is still a lot of time spent by customers on competitor platforms. Improvement in these platforms should help Meta improve its daily active people or DAP and also increase the ad impressions delivered over the long run.Despite 50% YTD growth in the stock, Meta is still trading at only 21.8X PE ratio for next year and 19X PE ratio for fiscal year ending 2026 according to consensus EPS estimates. The consensus EPS estimate for both 2025 and 2026 shows close to 15% EPS growth. Meta provides a reasonable valuation multiple compared to other big peers and has good tailwinds which will increase the growth runway for the company.Rapid monetization of AI investmentAll the big tech companies have ramped up their AI investments in order to build new AI tools. However, Meta has been able to deliver a better monetization path compared to other peers. New AI tools built by Meta can instantly be used to deliver better ads and search results. Meta does not have to wait to gain customer traction for new AI tools. This is a massive advantage for the company which is not priced in. We have already seen Meta outperforming other big tech peers in recent earnings.YchartsFigure: Price movement in big tech after recent earnings. Source: YchartsIn the above chart we can see Meta outperforming all other peers since the recent earnings. In the YTD, Meta stock has risen by 50% compared to 10%-18% for Microsoft, Google and Apple.One of the key reasons has been the strong growth in important metrics like price per ads and number of ad impressions, both of which grew by 10% YoY.YchartsFigure: Increase in Capex by big tech companies. Source: YchartsBoth Microsoft (MSFT) and Google (GOOG) have been in the lead in terms of investment in AI and their capex has increased to over $50 billion on an annualized basis. Meta has also increased its forward capex estimate and is looking to spend close to $40 billion annually on capex. However, the big difference between Meta and other peers is that Meta has been able to monetize the investment in AI quickly. The AI chips have been very expensive and most of the big tech companies have bought them in bulk. They hope to utilize them over the next few quarters.In a previous earnings report, Nvidia has mentioned that close to half of its data management revenue comes from selling AI chips to large cloud providers like Microsoft, Amazon (AMZN), and Google. This is equal to $10 billion in revenue in a single quarter. However, these large cloud operators have not been able to show a massive revenue and margin boost by using these AI chips. They need to build new AI tools for their cloud operations and then convince clients to pay a premium for these tools. This is a long process and the cloud operators have not shown a big boost in fundamental metrics due to these investments. Wall Street is getting cautious due to these massive investments and we have already seen some bearish signs in these big tech companies in the recent months.Meta’s rapid monetization of its AI investment can set it apart from other big tech companies and make the stock outperform the rest over the next few quarters.Strong tailwinds for Reels, Threads, and WhatsAppMeta is also showing tailwinds in key platforms like Reels, Threads, and WhatsApp. We already know that TikTok is facing a major challenge in US. There is bipartisan agreement to ban or limit TikTok. The court will hear the case in September. However, it seems highly unlikely that TikTok can prevail in the face of these regulatory challenges. National security is becoming a key priority and the regulators would like to have strong control over the social media platforms. Bloomberg has mentioned that TikTok is facing greater scrutiny after it failed to limit negative content on its platform during the recent UK riots. Despite intense lobbying by TikTok, we could see a complete or partial ban on the app in US and other Western markets.eMarketerFigure: TikTok’s performance in US compared to other platforms. Source: eMarketerA recent eMarketer report has mentioned that TikTok has a massive presence within US. The time spent on TikTok easily surpasses Instagram and Facebook for most age groups. If a TikTok ban is finalized in US and other Western markets, it will be a major boost for Reels which is increasing in popularity. Greater time spent on Reels should allow Meta to increase its ad impressions and also charge a higher price per ad from advertisers. TikTok posted $16 billion in revenue in US in 2023. Even if 50% of these users migrate to Instagram, Meta could see a big boost. It is highly likely that Meta would be able to monetize the customers better than TikTok due to its AI tools and the entire social media ecosystem.Meta also mentioned that Threads has reached 200 million daily active users. Elon Musk’s X, formerly Twitter, has already faced advertiser backlash and has seen advertising plummet by more than two-thirds. Musk himself has made controversial comments recently which can push regulators to take firm action against the platform. Threads should gain from this trend as they see better customer traction.WhatsApp has reached over 100 million active users in US. The device-agnostic app is gaining in popularity in US and other international regions. This should improve the social media ecosystem for Meta and improve the long term growth runway for the company.Risks to the thesisOne of the biggest risks for Meta is that it is still dependent on Apple and other OEMs for the smooth running of its apps. We have already seen Apple create massive headwinds for Meta in 2021 by changing a few privacy settings. The rivalry between Meta and Apple is increasing with the launch of Vision Pro which competes against Meta's Quest. It is certainly possible that Apple would create further changes that would harm Meta's ability to monetize its user base. The negative impact on Meta could be sudden and this could cause a big dip in EPS in the short term. Meta is trying to build its own ecosystem of devices with Quest and smart glasses. However, it will take a long time before the devices gain significant customer traction.Meta has had its own share of controversies regarding toxic content on its platform. The company has worked hard to reduce such information. But it is certainly possible that Meta will also see a regulatory pushback if negative content is found on its platforms.Another major risk is the massive investment in Reality Labs. The company has already invested over $50 billion and the annual losses can easily cross $15 billion in the near term. This is a big investment for Meta and we have not seen a clear roadmap to monetization. Zuckerberg has a majority of voting power and investors would need to keep faith in the management to prudently use this investment.Still a reasonably priced stockThe EPS estimate for Meta for 2024 is $21.20 showing YoY growth of 40%. The EPS estimate for fiscal year ending 2025 is $24.18 with a forward PE ratio of 21.8. The EPS estimate for fiscal year ending 2026 is $27.69 with a forward PE ratio of 19. The consensus EPS estimate shows that Meta can deliver 15% YoY EPS growth in 2025 and 2026. This is a strong pace of growth and we could see some upward revisions if there is a TikTok ban.Meta’s valuation looks reasonable when we look at the forward EPS growth projection. No other big tech company gives similar valuation and growth options.Seeking AlphaFigure: EPS estimates and PE metrics of Meta. Source: Seeking AlphaYchartsFigure: Key metrics of Meta and other peers. Source: YchartsMeta has one of the lowest forward PE multiples and the highest YoY revenue growth among big tech companies. As mentioned above, Meta could also show strong monetization of its AI investment as it is able to rapidly deploy new AI tools to help advertisers which increases its price per ad. The recent 50% YTD growth in Meta stock can make some investors hesitant to invest in Meta as they think that the stock has priced in the future growth potential. However, the company has strong fundamentals and is showing a good EPS growth trajectory which makes its forward PE multiple very reasonable when compared to other peers.Investor TakeawayMeta’s AI investment is starting to show results as the stock diverges away from other big tech peers. The strong price per ad growth in Meta is an indication that its new AI tools for advertisers are gaining traction and the advertisers are willing to pay more for ad placement. We should also see strong tailwinds in other platforms like Reels, Threads and WhatsApp.The forward PE ratio of Meta for fiscal year ending 2025 is only 21.8. This is quite reasonable when we look at the EPS growth trajectory of the company making it a good option at the current price.","news_type":1},"isVote":1,"tweetType":1,"viewCount":203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342906876862496,"gmtCreate":1724724026808,"gmtModify":1724724030974,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/F34.SI\">$Wilmar Intl(F34.SI)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/F34.SI\">$Wilmar Intl(F34.SI)$&nbsp;</a>&nbsp;","text":"$Wilmar Intl(F34.SI)$","images":[{"img":"https://community-static.tradeup.com/news/58fe3fb0cd04b01931e86a6ac44afd03","width":"1086","height":"1713"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/342906876862496","isVote":1,"tweetType":1,"viewCount":113,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":338853791514904,"gmtCreate":1723732113645,"gmtModify":1723732116648,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a>&nbsp;","text":"$Sea Ltd(SE)$","images":[{"img":"https://community-static.tradeup.com/news/1342dbd90525eb123408afa2840a7fc4","width":"1086","height":"1713"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/338853791514904","isVote":1,"tweetType":1,"viewCount":285,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":338853728715160,"gmtCreate":1723732100942,"gmtModify":1723732104102,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a>&nbsp;","text":"$Sea Ltd(SE)$","images":[{"img":"https://community-static.tradeup.com/news/b4d47a3b77654b24434875773a9d4bc7","width":"1086","height":"1713"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/338853728715160","isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":338852957049096,"gmtCreate":1723732004130,"gmtModify":1723732007408,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a>&nbsp;","text":"$Sea Ltd(SE)$","images":[{"img":"https://community-static.tradeup.com/news/780f149689c073a2b9fda54087880fe6","width":"1086","height":"1713"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/338852957049096","isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":338844608979096,"gmtCreate":1723729977033,"gmtModify":1723729984927,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$&nbsp;</a>&nbsp;","text":"$Meta Platforms, Inc.(META)$","images":[{"img":"https://community-static.tradeup.com/news/2f9328346fe4776fe928469ab7fa4677","width":"1086","height":"1713"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/338844608979096","isVote":1,"tweetType":1,"viewCount":132,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":338843978727816,"gmtCreate":1723729719990,"gmtModify":1723729724029,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a>&nbsp;","text":"$Sea Ltd(SE)$","images":[{"img":"https://community-static.tradeup.com/news/a544a459c6f9642e78911b09e19a7dda","width":"1086","height":"1713"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/338843978727816","isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":337453398544760,"gmtCreate":1723424545224,"gmtModify":1723424548621,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/337453398544760","repostId":"2458852510","repostType":2,"repost":{"id":"2458852510","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1723228329,"share":"https://ttm.financial/m/news/2458852510?lang=&edition=fundamental","pubTime":"2024-08-10 02:32","market":"sg","language":"en","title":"Sea Ltd    expected to post earnings of 18 cents a share - Earnings Preview","url":"https://stock-news.laohu8.com/highlight/detail?id=2458852510","media":"Reuters","summary":"* Sea Ltd     is expected to show a rise in quarterly revenue when it reports  results on August 13 for the period ending June 30 2024   * The  Singapore-based   company is expected to report a 19.8% ","content":"<html><body><p>* <a href=\"https://laohu8.com/S/SE\">Sea Ltd</a>     is expected to show a rise in quarterly revenue when it reports  results on August 13 for the period ending June 30 2024</p><p>   * The  Singapore-based   company is expected to report a 19.8% increase in revenue to $3.709 billion from $3.1 billion a year ago, according to the mean estimate from 10 analysts, based on LSEG data.</p><p>   * LSEG's mean analyst estimate for Sea Ltd is for earnings of 18 cents per share. </p><p>   * The current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 23 \"strong buy\" or \"buy,\" 6 \"hold\" and no \"sell\" or \"strong sell.\"  </p><p>   * The mean earnings estimate of analysts was unchanged in the last three months. </p><p>   * Wall Street's median 12-month price target for Sea Ltd is $84.20, above its last closing price of $62.66. </p><p>Previous quarterly performance (using preferred earnings measure in US dollars). </p><p>QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI</p><p>ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %</p><p>              E®                               MISSED  </p><p>Jan. 1 0001   0.00        -0.02      -0.04     Missed  -77.8</p><p>Dec. 31 0001  -0.21       -0.25      -0.19     Beat    22.8</p><p>Sep. 30 2023  0.00        0.03       -0.26     Missed  -912.5</p><p>                                                       </p><p>Jun. 30 2023  0.42        0.42       0.54      Beat    30.1</p><p>Mar.        0.38        0.44       0.15      Missed  -65.6</p><p>31 2023                                                </p><p>Dec. 31 2022  -0.80       -0.79      0.17      Beat    121.5</p><p>Sep. 30 2022  -1.11       -1.10      -0.87     Beat    20.8</p><p>Jun. 30 2022  -1.23       -1.19      -1.36     Missed  -14.4</p><p>This summary was machine generated August 9 at 18:31 GMT.  All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Ltd    expected to post earnings of 18 cents a share - Earnings Preview</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\">\nSea Ltd    expected to post earnings of 18 cents a share - Earnings Preview\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-08-10 02:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>* <a href=\"https://laohu8.com/S/SE\">Sea Ltd</a>     is expected to show a rise in quarterly revenue when it reports  results on August 13 for the period ending June 30 2024</p><p>   * The  Singapore-based   company is expected to report a 19.8% increase in revenue to $3.709 billion from $3.1 billion a year ago, according to the mean estimate from 10 analysts, based on LSEG data.</p><p>   * LSEG's mean analyst estimate for Sea Ltd is for earnings of 18 cents per share. </p><p>   * The current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 23 \"strong buy\" or \"buy,\" 6 \"hold\" and no \"sell\" or \"strong sell.\"  </p><p>   * The mean earnings estimate of analysts was unchanged in the last three months. </p><p>   * Wall Street's median 12-month price target for Sea Ltd is $84.20, above its last closing price of $62.66. </p><p>Previous quarterly performance (using preferred earnings measure in US dollars). </p><p>QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI</p><p>ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %</p><p>              E®                               MISSED  </p><p>Jan. 1 0001   0.00        -0.02      -0.04     Missed  -77.8</p><p>Dec. 31 0001  -0.21       -0.25      -0.19     Beat    22.8</p><p>Sep. 30 2023  0.00        0.03       -0.26     Missed  -912.5</p><p>                                                       </p><p>Jun. 30 2023  0.42        0.42       0.54      Beat    30.1</p><p>Mar.        0.38        0.44       0.15      Missed  -65.6</p><p>31 2023                                                </p><p>Dec. 31 2022  -0.80       -0.79      0.17      Beat    121.5</p><p>Sep. 30 2022  -1.11       -1.10      -0.87     Beat    20.8</p><p>Jun. 30 2022  -1.23       -1.19      -1.36     Missed  -14.4</p><p>This summary was machine generated August 9 at 18:31 GMT.  All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2458852510","content_text":"* Sea Ltd     is expected to show a rise in quarterly revenue when it reports  results on August 13 for the period ending June 30 2024   * The  Singapore-based   company is expected to report a 19.8% increase in revenue to $3.709 billion from $3.1 billion a year ago, according to the mean estimate from 10 analysts, based on LSEG data.   * LSEG's mean analyst estimate for Sea Ltd is for earnings of 18 cents per share.    * The current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 23 \"strong buy\" or \"buy,\" 6 \"hold\" and no \"sell\" or \"strong sell.\"     * The mean earnings estimate of analysts was unchanged in the last three months.    * Wall Street's median 12-month price target for Sea Ltd is $84.20, above its last closing price of $62.66. Previous quarterly performance (using preferred earnings measure in US dollars). QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRIENDING        ARTESTIMAT  ESTIMATE             MET,    SE %              E®                               MISSED  Jan. 1 0001   0.00        -0.02      -0.04     Missed  -77.8Dec. 31 0001  -0.21       -0.25      -0.19     Beat    22.8Sep. 30 2023  0.00        0.03       -0.26     Missed  -912.5                                                       Jun. 30 2023  0.42        0.42       0.54      Beat    30.1Mar.        0.38        0.44       0.15      Missed  -65.631 2023                                                Dec. 31 2022  -0.80       -0.79      0.17      Beat    121.5Sep. 30 2022  -1.11       -1.10      -0.87     Beat    20.8Jun. 30 2022  -1.23       -1.19      -1.36     Missed  -14.4This summary was machine generated August 9 at 18:31 GMT.  All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)","news_type":1},"isVote":1,"tweetType":1,"viewCount":180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":333332261425224,"gmtCreate":1722407976805,"gmtModify":1722407980945,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/F34.SI\">$Wilmar Intl(F34.SI)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/F34.SI\">$Wilmar Intl(F34.SI)$&nbsp;</a>&nbsp;","text":"$Wilmar Intl(F34.SI)$","images":[{"img":"https://community-static.tradeup.com/news/5ec2f1ca51c615059e0dd74e1f61a862","width":"1086","height":"1713"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/333332261425224","isVote":1,"tweetType":1,"viewCount":294,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":318924589023424,"gmtCreate":1718876078305,"gmtModify":1718876603113,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"title":"Cheers to a great start!","htmlText":"Find out more here: <a href=\"https://www.tigerbrokers.com.sg/activity/forapp/welcome/sgp.html?adcode=AC1713167566154PhgMAh&amp;is_invite=true&amp;utm_source=invite&amp;utm_campaign=AC1713171607756uKaqcQ&amp;utm_medium=tiger_community&amp;platform=iOS&amp;shareID=14ec38429504ffb7ceb9a942b8ff8d16&amp;invite=UKC455&amp;lang=en_US\">Cheers to a great start!</a> Receive rewards up to USD 3600*","listText":"Find out more here: <a href=\"https://www.tigerbrokers.com.sg/activity/forapp/welcome/sgp.html?adcode=AC1713167566154PhgMAh&amp;is_invite=true&amp;utm_source=invite&amp;utm_campaign=AC1713171607756uKaqcQ&amp;utm_medium=tiger_community&amp;platform=iOS&amp;shareID=14ec38429504ffb7ceb9a942b8ff8d16&amp;invite=UKC455&amp;lang=en_US\">Cheers to a great start!</a> Receive rewards up to USD 3600*","text":"Find out more here: Cheers to a great start! Receive rewards up to USD 3600*","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/318924589023424","isVote":1,"tweetType":1,"viewCount":296,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":318228990750736,"gmtCreate":1718720990576,"gmtModify":1718720995264,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a>&nbsp;","text":"$Sea Ltd(SE)$","images":[{"img":"https://community-static.tradeup.com/news/b15fbc93f645438112629130d700f2b5","width":"1086","height":"1713"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/318228990750736","isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":9954336858,"gmtCreate":1675990258774,"gmtModify":1675990262516,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954336858","repostId":"1197453840","repostType":4,"repost":{"id":"1197453840","kind":"news","pubTimestamp":1675988805,"share":"https://ttm.financial/m/news/1197453840?lang=&edition=fundamental","pubTime":"2023-02-10 08:26","market":"us","language":"en","title":"Tesla Rally Tops 100% From Low, Supercharged by New Optimism","url":"https://stock-news.laohu8.com/highlight/detail?id=1197453840","media":"Bloomberg","summary":"Electric-vehicle maker’s shares close up 3% ThursdayFed pivot hope, rising EV demand, retail buying ","content":"<html><head></head><body><ul><li>Electric-vehicle maker’s shares close up 3% Thursday</li><li>Fed pivot hope, rising EV demand, retail buying drive stock</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a6ed0d1e57f13bec05b35620a1bfa698\" tg-width=\"1000\" tg-height=\"667\" width=\"100%\" height=\"auto\"/><span>Photographer: Qilai Shen/Bloomberg</span></p><p>Tesla Inc. shares extended their breakneck rally on Thursday to double from the lows touched in early January, helped by a rising appetite for growth and technology stocks, and signs that demand for its electric vehicles is rebounding.</p><p>The shares closed up 3% at $207.32 in New York, capping a 104% gain from their Jan. 6 intraday trough. The shares are bouncing off a 65% plunge in 2022.</p><p>Riskier growth stocks, which were beaten down hard last year amid concerns about rising interest rates and a recession, have made a strong comeback in 2023 as optimism about the economy has returned and investors bet the Federal Reserve’s aggressive rate-hike cycle is nearing its end. At the same time, Tesla’s own earnings last month, and a spate of positive headlines on tax credits for electric vehicles, have provided further lift to the shares of the Elon Musk-led company.</p><p>“Tesla is rising so fast because of a market that believes the Fed is coming to the rescue,” said Eric Schiffer, chief executive officer of Los Angeles-based private equity firm Patriarch Organization. Good fourth-quarter results and “price cuts to turbocharge demand” also helped, he said.</p><p><img src=\"https://static.tigerbbs.com/511d3c6619faad09071e52a4dd04212b\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>Early in February, the Biden administration said it will expand the newly-revamped electric vehicle tax credit to allow SUVs costing up to $80,000 to receive those credits. That move is a positive for Tesla, analysts said. Separately, the company has seen a surge in demand for its cars after January’s big price cut, allowing it to institute a slight price hike.</p><p>Still, Tesla’s gains of 68% this year far outpace those of the Nasdaq 100 Index, which is up 13%, as well as that of the NYSE FANG+ Index, which has advanced 28% in 2023. A frenzy of speculative trading in recent weeks that has seen retail traders rush into some of their favorite stocks can explain some of that exuberance, given Tesla’s popularity among individual shareholders.</p><p>“Tesla has definitely been the main target of retail buying so far this year,” said Marco Iachini, senior vice president of research at Vanda Securities. While retail investors buying the stock is not unusual, given Tesla is “an ultimate retail favorite,” Iachini said the persistence and magnitude of the flows are surprising.</p><p>Given that Tesla’s sharp decline over the past year brought significant pain to mom-and-pop traders, the recent “hunger” for the stock could be due to a desire to chase it higher and make up for losses, Iachini said. Just this week, Tesla alone attracted a 33% share of overall net purchases across all US securities, according to Vanda.</p><p>The heavy retail flows into the stock are coming ahead of the company’s investor day on March 1, where Musk is expected to unveil a third version of his “master plan,” Vanda analysts noted.</p><p>Despite January’s gravity-defying rally, the EV-maker’s shares are still down 49% from the all-time high of $409.97 touched in early November 2021. And while some investors say that the worst could be over for Tesla, others advocate caution, especially with the risk of a recession still hovering and the EV industry’s brisk pace of growth expected to slow in the near-term. Meanwhile, skepticism about the company’s newest model, the Semi heavy-duty truck, are continuing to linger.</p><p>The stock is now trading just above the average analyst price target tracked by Bloomberg — suggesting Wall Street doesn’t see much more upside. Meanwhile, Tesla’s relative strength index, a technical gauge that measures whether a stock is under or over bought — shows signs of excessive buying, typically seen by markets as an indication that a decline is imminent.</p><p>Tesla shares can continue to rise until the end of the first quarter or early second quarter, “when signs of a potential hard landing may again slash valuation,” Patriarch’s Schiffer said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Rally Tops 100% From Low, Supercharged by New Optimism</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 Rally Tops 100% From Low, Supercharged by New Optimism\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-10 08:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-02-09/tesla-set-to-double-from-january-low-on-turbocharged-tech-rally?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Electric-vehicle maker’s shares close up 3% ThursdayFed pivot hope, rising EV demand, retail buying drive stockPhotographer: Qilai Shen/BloombergTesla Inc. shares extended their breakneck rally on ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-02-09/tesla-set-to-double-from-january-low-on-turbocharged-tech-rally?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.bloomberg.com/news/articles/2023-02-09/tesla-set-to-double-from-january-low-on-turbocharged-tech-rally?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197453840","content_text":"Electric-vehicle maker’s shares close up 3% ThursdayFed pivot hope, rising EV demand, retail buying drive stockPhotographer: Qilai Shen/BloombergTesla Inc. shares extended their breakneck rally on Thursday to double from the lows touched in early January, helped by a rising appetite for growth and technology stocks, and signs that demand for its electric vehicles is rebounding.The shares closed up 3% at $207.32 in New York, capping a 104% gain from their Jan. 6 intraday trough. The shares are bouncing off a 65% plunge in 2022.Riskier growth stocks, which were beaten down hard last year amid concerns about rising interest rates and a recession, have made a strong comeback in 2023 as optimism about the economy has returned and investors bet the Federal Reserve’s aggressive rate-hike cycle is nearing its end. At the same time, Tesla’s own earnings last month, and a spate of positive headlines on tax credits for electric vehicles, have provided further lift to the shares of the Elon Musk-led company.“Tesla is rising so fast because of a market that believes the Fed is coming to the rescue,” said Eric Schiffer, chief executive officer of Los Angeles-based private equity firm Patriarch Organization. Good fourth-quarter results and “price cuts to turbocharge demand” also helped, he said.Early in February, the Biden administration said it will expand the newly-revamped electric vehicle tax credit to allow SUVs costing up to $80,000 to receive those credits. That move is a positive for Tesla, analysts said. Separately, the company has seen a surge in demand for its cars after January’s big price cut, allowing it to institute a slight price hike.Still, Tesla’s gains of 68% this year far outpace those of the Nasdaq 100 Index, which is up 13%, as well as that of the NYSE FANG+ Index, which has advanced 28% in 2023. A frenzy of speculative trading in recent weeks that has seen retail traders rush into some of their favorite stocks can explain some of that exuberance, given Tesla’s popularity among individual shareholders.“Tesla has definitely been the main target of retail buying so far this year,” said Marco Iachini, senior vice president of research at Vanda Securities. While retail investors buying the stock is not unusual, given Tesla is “an ultimate retail favorite,” Iachini said the persistence and magnitude of the flows are surprising.Given that Tesla’s sharp decline over the past year brought significant pain to mom-and-pop traders, the recent “hunger” for the stock could be due to a desire to chase it higher and make up for losses, Iachini said. Just this week, Tesla alone attracted a 33% share of overall net purchases across all US securities, according to Vanda.The heavy retail flows into the stock are coming ahead of the company’s investor day on March 1, where Musk is expected to unveil a third version of his “master plan,” Vanda analysts noted.Despite January’s gravity-defying rally, the EV-maker’s shares are still down 49% from the all-time high of $409.97 touched in early November 2021. And while some investors say that the worst could be over for Tesla, others advocate caution, especially with the risk of a recession still hovering and the EV industry’s brisk pace of growth expected to slow in the near-term. Meanwhile, skepticism about the company’s newest model, the Semi heavy-duty truck, are continuing to linger.The stock is now trading just above the average analyst price target tracked by Bloomberg — suggesting Wall Street doesn’t see much more upside. Meanwhile, Tesla’s relative strength index, a technical gauge that measures whether a stock is under or over bought — shows signs of excessive buying, typically seen by markets as an indication that a decline is imminent.Tesla shares can continue to rise until the end of the first quarter or early second quarter, “when signs of a potential hard landing may again slash valuation,” Patriarch’s Schiffer said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":210,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9944793057,"gmtCreate":1682082691579,"gmtModify":1682082696176,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944793057","repostId":"2329726923","repostType":4,"repost":{"id":"2329726923","kind":"news","pubTimestamp":1682064646,"share":"https://ttm.financial/m/news/2329726923?lang=&edition=fundamental","pubTime":"2023-04-21 16:10","market":"us","language":"en","title":"Tesla's Q1: Not A Disaster?","url":"https://stock-news.laohu8.com/highlight/detail?id=2329726923","media":"Seeking Alpha","summary":"SummaryTesla, Inc. stock dropped as much as 10% on the trading day after the EV maker opened its boo","content":"<html><head></head><body><h2 style=\"text-align: left;\">Summary</h2><ul><li><p>Tesla, Inc. stock dropped as much as 10% on the trading day after the EV maker opened its books for Q1 2023.</p></li><li><p>Investors are arguably worried that CEO Elon Musk&#39;s willingness to sacrifice margins in favor of volume might lower the potential for value accumulation.</p></li><li><p>However, the volume strategy could be value-accreditive in the long run, taking into consideration the push for higher post-purchase revenue.</p></li><li><p>I now think that Tesla&#39;s fair implied target price is anchored somewhere around $248.56/ share, which makes Tesla stock a Buy for me.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9d293fbc05817ee17a951b6d89a0bd22\" alt=\"jetcityimage\" title=\"jetcityimage\" tg-width=\"750\" tg-height=\"500\"/><span>jetcityimage</span></p><p style=\"text-align: left;\"><strong>Tesla, Inc.</strong> (NASDAQ:TSLA) shares dropped as much as 10% the day after the company reported Q1 2023 results and CEO Elon Musk indicated in the post-earnings analyst conference call that the leading electric vehicle (&#34;EV&#34;) maker might be willing to sacrifice margins in favor of volume. However, the volume strategy could be value-accreditive in the long run, taking into consideration the push for higher post-purchase revenue in the form of charging, energy and software services. Moreover, I do not necessarily see Tesla&#39;s volume push as worrying. In fact, investors should consider that Tesla still defends industry-leading operating-margins, and, in my opinion, there is no reason to argue that continued production efficiency gains should not be passed on to the consumer in form of lower MSRP prices.</p><p style=\"text-align: left;\">As compared to my previous article, I now think that Tesla&#39;s structural profit margin for cars will trend towards about 10% (vs. 12.5% estimated prior), which provokes a target price downgrade to $248.56/ share). Tesla is still a &#34;Buy&#34; though.</p><p style=\"text-align: left;\">For reference, Tesla stock continues to underperform. For the trailing twelve months, TSLA shares are down about 47%, as compared to a loss of only about 7% for the S&amp;P 500 (SP500).</p><p style=\"text-align: left;\"></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/250f87bbc6ce3fd3ff3f77f538546e37\" alt=\"Seeking Alpha\" title=\"Seeking Alpha\" tg-width=\"640\" tg-height=\"237\"/><span>Seeking Alpha</span></p><h2 style=\"text-align: left;\">Tesla&#39;s Q1 2023 Results</h2><p style=\"text-align: left;\">Tesla reported a solid performance for the 2023 Q1 quarter: during the period from September to end of December, the world&#39;s leading EV company generated about $23.3 billion of revenue, a YoY increase of about 24% as compared to the same period one year earlier.</p><p style=\"text-align: left;\">While a 24% YoY revenue expansion is certainly notable, especially given the stressed macroeconomic environment, analyst expected that Tesla&#39;s Q1 revenues could have been even higher (~$23.4 billion) -- and thus bullish estimates opened room for a $100 million consensus miss.</p><p style=\"text-align: left;\">Tesla&#39;s operating profit for Q1 2023 came in at $2.66 billion, a YoY contraction of about 26% versus Q1 in 2022. Similarly, net income attributable to shareholders was $2.5 billion ($0.73/ share), a 24% YoY plunge versus Q1 2022. According to company disclosures, Tesla&#39;s profitability (779 basis point drop in operating margin vs Q1 2023) was pressured by several factors, including: (i) underutilization of new factories, (ii) reduced average selling price, (iii) higher raw material and logistics costs, and (iv) lower credit revenue.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/12c0037fb6050a63a862930d2a70ad44\" alt=\"Tesla Q1 2023 Reporting\" title=\"Tesla Q1 2023 Reporting\" tg-width=\"640\" tg-height=\"321\"/><span>Tesla Q1 2023 Reporting</span></p><p style=\"text-align: left;\">Tesla&#39;s vehicle deliveries numbers continue to trend favorably: as compared to Q1 a year ago, Tesla&#39;s total deliveries surged 36%, with strong deliveries for Model 3/Y (40% deliveries YoY jump) offsetting a weaker deliveries base for premium models S/X (negative 27% YoY growth).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4d97ed6056aac9efa8a3558edcd321c8\" alt=\"Tesla Q1 2023 Reporting\" title=\"Tesla Q1 2023 Reporting\" tg-width=\"640\" tg-height=\"244\"/><span>Tesla Q1 2023 Reporting</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/473732f33d9266affaabbb8d3a9b5f98\" alt=\"Tesla Q1 2023 Reporting\" title=\"Tesla Q1 2023 Reporting\" tg-width=\"640\" tg-height=\"53\"/><span>Tesla Q1 2023 Reporting</span></p><h2 style=\"text-align: left;\">Tesla&#39;s Volume Strategy Could Be Value-Accreditive In The Long Run</h2><p style=\"text-align: left;\">Post-Q1, the market has reacted negatively on Tesla&#39;s push for volume, likely perceiving that the volume strategy will result in reduced potential for shareholder value accumulation. I, however, see the strategy as somewhat differentiated. In my opinion, there is no reason to assume that the volume strategy will not be value-accreditive in the long run, taking into consideration the potential lifetime value generated from features like autonomy, supercharging, connectivity, and service. Musk said in the Q1 conference call with analysts:</p><blockquote>We&#39;ve taken a view that pushing for higher volumes and a larger fleet is the right choice here versus a lower volume and higher margin...... We&#39;re the only ones making cars that technically could sell for zero profits now and yield tremendous profits in future through autonomy</blockquote><p style=\"text-align: left;\">In the first quarter, Tesla implemented price reductions on several vehicle models across various regions, slashing the starting price of its Model 3 in the US by roughly $7,000 to prices below $40,000. Despite this, I would like to point out that Tesla&#39;s profitability (11.4% operating margin) remains materially above the industry average and median. For example, for the trailing twelve months, General Motors (GM), Ford Motor Company (F) and Germany-based Volkswagen (OTCPK:VWAGY) captured an operating margin of 7.5%, 5%, and approximately 8%, respectively.</p><p style=\"text-align: left;\">Moreover, investor should also consider that Tesla is continuously pushing for efficiency gains, having communicated an approximate 40% cost reduction upside during the company&#39;s annual investor conference in February. Needless to say, if such an efficiency gain would be materialized, Tesla&#39;s most recent price cuts of between 7-10% shouldn&#39;t be to concerning for the company&#39;s margin profile -- in fact, more price cuts could be warranted.</p><p style=\"text-align: left;\">With that frame of reference, Tesla&#39;s market share is already trending towards about 4% in the United States, and towards approximately 2.5% and 2% in Europe and China respectively.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/97e62c375e4d81211541d8460ac9bcce\" alt=\"Tesla Q1 2023 Reporting\" title=\"Tesla Q1 2023 Reporting\" tg-width=\"640\" tg-height=\"269\"/><span>Tesla Q1 2023 Reporting</span></p><h2 style=\"text-align: left;\">The Cybertruck Is Coming - Finally</h2><p style=\"text-align: left;\">According to Tesla&#39;s Q1 reporting, Tesla is on track to (finally) begin production of its highly anticipated Cybertruck electric pickup later this year, with tooling and equipment installation in progress at EV makers Texas plant. The company plans to hold a delivery event for the Cybertruck as early as the third quarter.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/50b12a2fc4d422f9b33238d4fb3c64c9\" alt=\"Tesla Q1 2023 Reporting\" title=\"Tesla Q1 2023 Reporting\" tg-width=\"640\" tg-height=\"149\"/><span>Tesla Q1 2023 Reporting</span></p><h2 style=\"text-align: left;\">Lower TP To $248.56 Per Share</h2><p style=\"text-align: left;\">I continue to see Tesla&#39;s ambition to sell 20 million cars per year by 2030 as reasonable. However, reflecting on Tesla&#39;s Q1 2023 results and management commentary, I lower my average sales price per Tesla car to $49,000 and my net-profit margin assumption to 10.5% (pricing headwinds partially offset by economies of scale).</p><p style=\"text-align: left;\">Furthermore, I now assume that for every dollar of hardware sales, Tesla will be able to sell 25 cents of post-purchase revenue, including energy services, software solutions and insurance (for reference, Apple (AAPL) generates about 30 cents worth of services for every dollar of hardware sales). For Tesla&#39;s software business, I continue to view a 35% net-profit margin as reasonable.</p><p style=\"text-align: left;\">Based on this, I now calculate a $111.9 billion annual economic profit, with a 2030 present value equal to $1,599 trillion. This number discounted back to early 2023, assuming a 11% WACC, and adding a $16.432 billion of net-cash, gives an equity value of $786.4 billion, or $248.56/share.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c94c82ddb477e02aedd8f50a26ee4282\" alt=\"Author&#39;s Estimates &amp; Calculation\" title=\"Author&#39;s Estimates &amp; Calculation\" tg-width=\"640\" tg-height=\"402\"/><span>Author&#39;s Estimates &amp; Calculation</span></p><p style=\"text-align: left;\">Below the updated sensitivity table -- varying discount rate (row) and net % profit margin (column).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9185b432a01a18be7f71785157181da2\" alt=\"Author&#39;s Estimates &amp; Calculation\" title=\"Author&#39;s Estimates &amp; Calculation\" tg-width=\"640\" tg-height=\"109\"/><span>Author&#39;s Estimates &amp; Calculation</span></p><h2 style=\"text-align: left;\">Conclusion</h2><p style=\"text-align: left;\">Following Tesla&#39;s Q1 2023 earnings report, the company&#39;s stock dropped as much as 10%, mostly due to Elon Musk&#39;s indication during the post-earnings analyst conference call that the EV maker might prioritize volume over margins. However, I believe that the focus on volume could be a long-term value accretive strategy, particularly when considering the potential for post-purchase revenue streams from charging, energy, and software services. Furthermore, while some investors may be concerned about Tesla&#39;s shift towards a volume-focused approach, it&#39;s worth noting that the company still maintains industry-leading operating margins. Additionally, there&#39;s no reason to suggest that any continued gains in production efficiency shouldn&#39;t be passed on to the consumer in the form of lower MSRP prices.</p><p style=\"text-align: left;\">In the broader context, it&#39;s essential to recognize that the EV market is rapidly evolving and increasingly competitive, with new entrants seeking to challenge Tesla&#39;s dominance. As such, the company&#39;s willingness to adjust its strategy and potentially sacrifice short-term margins to capture a larger share of the market long term could be a smart competitive move.</p><p style=\"text-align: left;\">Tesla remains the leader in the EV race; and accordingly, I continue to assign a &#34;Buy&#34; rating.</p><p style=\"text-align: left;\">Editor&#39;s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.</p><p><em>This article is written by </em><strong><em>Cavenagh Research</em></strong><em> for reference only. Please note the risks.</em></p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla's Q1: Not A Disaster?</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; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla's Q1: Not A Disaster?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-21 16:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4595357-teslas-q1-not-a-disaster><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryTesla, Inc. stock dropped as much as 10% on the trading day after the EV maker opened its books for Q1 2023.Investors are arguably worried that CEO Elon Musk's willingness to sacrifice margins ...</p>\n\n<a href=\"https://seekingalpha.com/article/4595357-teslas-q1-not-a-disaster\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4099":"汽车制造商","BK4511":"特斯拉概念","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4548":"巴美列捷福持仓","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0056508442.USD":"贝莱德世界科技基金A2","TSLA":"特斯拉","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","BK4555":"新能源车","LU2063271972.USD":"富兰克林创新领域基金","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0823414478.USD":"法巴经典能源转换基金","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","BK4527":"明星科技股","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4550":"红杉资本持仓","LU1861215975.USD":"贝莱德新一代科技基金 A2","BK4588":"碎股","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4551":"寇图资本持仓","BK4574":"无人驾驶","BK4581":"高盛持仓","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC"},"source_url":"https://seekingalpha.com/article/4595357-teslas-q1-not-a-disaster","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2329726923","content_text":"SummaryTesla, Inc. stock dropped as much as 10% on the trading day after the EV maker opened its books for Q1 2023.Investors are arguably worried that CEO Elon Musk's willingness to sacrifice margins in favor of volume might lower the potential for value accumulation.However, the volume strategy could be value-accreditive in the long run, taking into consideration the push for higher post-purchase revenue.I now think that Tesla's fair implied target price is anchored somewhere around $248.56/ share, which makes Tesla stock a Buy for me.jetcityimageTesla, Inc. (NASDAQ:TSLA) shares dropped as much as 10% the day after the company reported Q1 2023 results and CEO Elon Musk indicated in the post-earnings analyst conference call that the leading electric vehicle (\"EV\") maker might be willing to sacrifice margins in favor of volume. However, the volume strategy could be value-accreditive in the long run, taking into consideration the push for higher post-purchase revenue in the form of charging, energy and software services. Moreover, I do not necessarily see Tesla's volume push as worrying. In fact, investors should consider that Tesla still defends industry-leading operating-margins, and, in my opinion, there is no reason to argue that continued production efficiency gains should not be passed on to the consumer in form of lower MSRP prices.As compared to my previous article, I now think that Tesla's structural profit margin for cars will trend towards about 10% (vs. 12.5% estimated prior), which provokes a target price downgrade to $248.56/ share). Tesla is still a \"Buy\" though.For reference, Tesla stock continues to underperform. For the trailing twelve months, TSLA shares are down about 47%, as compared to a loss of only about 7% for the S&P 500 (SP500).Seeking AlphaTesla's Q1 2023 ResultsTesla reported a solid performance for the 2023 Q1 quarter: during the period from September to end of December, the world's leading EV company generated about $23.3 billion of revenue, a YoY increase of about 24% as compared to the same period one year earlier.While a 24% YoY revenue expansion is certainly notable, especially given the stressed macroeconomic environment, analyst expected that Tesla's Q1 revenues could have been even higher (~$23.4 billion) -- and thus bullish estimates opened room for a $100 million consensus miss.Tesla's operating profit for Q1 2023 came in at $2.66 billion, a YoY contraction of about 26% versus Q1 in 2022. Similarly, net income attributable to shareholders was $2.5 billion ($0.73/ share), a 24% YoY plunge versus Q1 2022. According to company disclosures, Tesla's profitability (779 basis point drop in operating margin vs Q1 2023) was pressured by several factors, including: (i) underutilization of new factories, (ii) reduced average selling price, (iii) higher raw material and logistics costs, and (iv) lower credit revenue.Tesla Q1 2023 ReportingTesla's vehicle deliveries numbers continue to trend favorably: as compared to Q1 a year ago, Tesla's total deliveries surged 36%, with strong deliveries for Model 3/Y (40% deliveries YoY jump) offsetting a weaker deliveries base for premium models S/X (negative 27% YoY growth).Tesla Q1 2023 ReportingTesla Q1 2023 ReportingTesla's Volume Strategy Could Be Value-Accreditive In The Long RunPost-Q1, the market has reacted negatively on Tesla's push for volume, likely perceiving that the volume strategy will result in reduced potential for shareholder value accumulation. I, however, see the strategy as somewhat differentiated. In my opinion, there is no reason to assume that the volume strategy will not be value-accreditive in the long run, taking into consideration the potential lifetime value generated from features like autonomy, supercharging, connectivity, and service. Musk said in the Q1 conference call with analysts:We've taken a view that pushing for higher volumes and a larger fleet is the right choice here versus a lower volume and higher margin...... We're the only ones making cars that technically could sell for zero profits now and yield tremendous profits in future through autonomyIn the first quarter, Tesla implemented price reductions on several vehicle models across various regions, slashing the starting price of its Model 3 in the US by roughly $7,000 to prices below $40,000. Despite this, I would like to point out that Tesla's profitability (11.4% operating margin) remains materially above the industry average and median. For example, for the trailing twelve months, General Motors (GM), Ford Motor Company (F) and Germany-based Volkswagen (OTCPK:VWAGY) captured an operating margin of 7.5%, 5%, and approximately 8%, respectively.Moreover, investor should also consider that Tesla is continuously pushing for efficiency gains, having communicated an approximate 40% cost reduction upside during the company's annual investor conference in February. Needless to say, if such an efficiency gain would be materialized, Tesla's most recent price cuts of between 7-10% shouldn't be to concerning for the company's margin profile -- in fact, more price cuts could be warranted.With that frame of reference, Tesla's market share is already trending towards about 4% in the United States, and towards approximately 2.5% and 2% in Europe and China respectively.Tesla Q1 2023 ReportingThe Cybertruck Is Coming - FinallyAccording to Tesla's Q1 reporting, Tesla is on track to (finally) begin production of its highly anticipated Cybertruck electric pickup later this year, with tooling and equipment installation in progress at EV makers Texas plant. The company plans to hold a delivery event for the Cybertruck as early as the third quarter.Tesla Q1 2023 ReportingLower TP To $248.56 Per ShareI continue to see Tesla's ambition to sell 20 million cars per year by 2030 as reasonable. However, reflecting on Tesla's Q1 2023 results and management commentary, I lower my average sales price per Tesla car to $49,000 and my net-profit margin assumption to 10.5% (pricing headwinds partially offset by economies of scale).Furthermore, I now assume that for every dollar of hardware sales, Tesla will be able to sell 25 cents of post-purchase revenue, including energy services, software solutions and insurance (for reference, Apple (AAPL) generates about 30 cents worth of services for every dollar of hardware sales). For Tesla's software business, I continue to view a 35% net-profit margin as reasonable.Based on this, I now calculate a $111.9 billion annual economic profit, with a 2030 present value equal to $1,599 trillion. This number discounted back to early 2023, assuming a 11% WACC, and adding a $16.432 billion of net-cash, gives an equity value of $786.4 billion, or $248.56/share.Author's Estimates & CalculationBelow the updated sensitivity table -- varying discount rate (row) and net % profit margin (column).Author's Estimates & CalculationConclusionFollowing Tesla's Q1 2023 earnings report, the company's stock dropped as much as 10%, mostly due to Elon Musk's indication during the post-earnings analyst conference call that the EV maker might prioritize volume over margins. However, I believe that the focus on volume could be a long-term value accretive strategy, particularly when considering the potential for post-purchase revenue streams from charging, energy, and software services. Furthermore, while some investors may be concerned about Tesla's shift towards a volume-focused approach, it's worth noting that the company still maintains industry-leading operating margins. Additionally, there's no reason to suggest that any continued gains in production efficiency shouldn't be passed on to the consumer in the form of lower MSRP prices.In the broader context, it's essential to recognize that the EV market is rapidly evolving and increasingly competitive, with new entrants seeking to challenge Tesla's dominance. As such, the company's willingness to adjust its strategy and potentially sacrifice short-term margins to capture a larger share of the market long term could be a smart competitive move.Tesla remains the leader in the EV race; and accordingly, I continue to assign a \"Buy\" rating.Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.This article is written by Cavenagh Research for reference only. Please note the risks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191351855759368,"gmtCreate":1687735276457,"gmtModify":1687735280995,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/191351855759368","repostId":"1120098263","repostType":2,"repost":{"id":"1120098263","kind":"news","pubTimestamp":1687734982,"share":"https://ttm.financial/m/news/1120098263?lang=&edition=fundamental","pubTime":"2023-06-26 07:16","market":"us","language":"en","title":"Cathie Wood Sells $7M Tesla Stock Friday Amid Pullback","url":"https://stock-news.laohu8.com/highlight/detail?id=1120098263","media":"Benzinga","summary":"ZINGER KEY POINTSArk offloaded $8.67 million worth of Tesla shares Friday, taking the total sales fo","content":"<html><head></head><body><h4 style=\"text-align: start;\">ZINGER KEY POINTS</h4><ul><li><p><strong>Ark offloaded $8.67 million worth of Tesla shares Friday, taking the total sales for the week to $15.81 million.</strong></p></li><li><p><strong>The firm also sold shares of Shopify and DraftKings</strong></p></li></ul><p><strong>Cathie Wood&#39;s Ark Invest </strong>offloaded more <strong>Tesla Inc. </strong>shares on Friday even as it amassed this crypto-linked stock for a second straight day.</p><p style=\"text-align: start;\"><strong>Tesla Selling Spree:</strong> Ark, through its <strong>Ark Innovation ETF </strong>and <strong>Ark Next Generation Internet ETF</strong>, sold 27,841 shares of Tesla. The sale would have fetched the fund $7.14 million, based on the $256.60 at which the stock closed on Friday.</p><p style=\"text-align: start;\">On Tuesday, Ark offloaded $8.67 million worth of Tesla, as it took some profit off the table following the stock&#39;s run-up.</p><p style=\"text-align: start;\">For the week, Ark&#39;s cumulative sale of Tesla was at $15.81 million.</p><p>Tesla has been volatile in recent sessions after a strong rally led it to an intraday high of $276.99 on Wednesday. The stock has come off this high since then. The downside was in part due to back-to-back downgrades the stock suffered this week.</p><p><strong>Ark&#39;s major disposals Friday included:</strong></p><ul><li><p>Canadian e-commerce retailer <strong>Shopify Inc.</strong>: 78,676 shares valued at $5.02 million</p></li><li><p>Sports betting company <strong>DraftKings Inc.</strong>: 122,556 shares valued at $3.07 million.</p></li><li><p>Cancer-focused biotech <strong>Surface Oncology Inc.</strong>: 499,030 shares valued at $414,195</p></li></ul></body></html>","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>Cathie Wood Sells $7M Tesla Stock Friday Amid Pullback</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Sells $7M Tesla Stock Friday Amid Pullback\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-26 07:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/analyst-ratings/analyst-color/23/06/32996024/cathie-wood-sells-7m-tesla-stock-friday-amid-pullback-bets-big-on-this-crypto-linke><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ZINGER KEY POINTSArk offloaded $8.67 million worth of Tesla shares Friday, taking the total sales for the week to $15.81 million.The firm also sold shares of Shopify and DraftKingsCathie Wood's Ark ...</p>\n\n<a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/23/06/32996024/cathie-wood-sells-7m-tesla-stock-friday-amid-pullback-bets-big-on-this-crypto-linke\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SURF":"Surface Oncology","TSLA":"特斯拉","DKNG":"DraftKings Inc.","SHOP":"Shopify Inc"},"source_url":"https://www.benzinga.com/analyst-ratings/analyst-color/23/06/32996024/cathie-wood-sells-7m-tesla-stock-friday-amid-pullback-bets-big-on-this-crypto-linke","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120098263","content_text":"ZINGER KEY POINTSArk offloaded $8.67 million worth of Tesla shares Friday, taking the total sales for the week to $15.81 million.The firm also sold shares of Shopify and DraftKingsCathie Wood's Ark Invest offloaded more Tesla Inc. shares on Friday even as it amassed this crypto-linked stock for a second straight day.Tesla Selling Spree: Ark, through its Ark Innovation ETF and Ark Next Generation Internet ETF, sold 27,841 shares of Tesla. The sale would have fetched the fund $7.14 million, based on the $256.60 at which the stock closed on Friday.On Tuesday, Ark offloaded $8.67 million worth of Tesla, as it took some profit off the table following the stock's run-up.For the week, Ark's cumulative sale of Tesla was at $15.81 million.Tesla has been volatile in recent sessions after a strong rally led it to an intraday high of $276.99 on Wednesday. The stock has come off this high since then. The downside was in part due to back-to-back downgrades the stock suffered this week.Ark's major disposals Friday included:Canadian e-commerce retailer Shopify Inc.: 78,676 shares valued at $5.02 millionSports betting company DraftKings Inc.: 122,556 shares valued at $3.07 million.Cancer-focused biotech Surface Oncology Inc.: 499,030 shares valued at $414,195","news_type":1},"isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9920386199,"gmtCreate":1670431662312,"gmtModify":1676538367249,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/DIDIY\">$DiDi Global Inc.(DIDIY)$&nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/DIDIY\">$DiDi Global Inc.(DIDIY)$&nbsp;</a>","text":"$DiDi Global Inc.(DIDIY)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9920386199","isVote":1,"tweetType":1,"viewCount":408,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342906876862496,"gmtCreate":1724724026808,"gmtModify":1724724030974,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/F34.SI\">$Wilmar Intl(F34.SI)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/F34.SI\">$Wilmar Intl(F34.SI)$&nbsp;</a>&nbsp;","text":"$Wilmar Intl(F34.SI)$","images":[{"img":"https://community-static.tradeup.com/news/58fe3fb0cd04b01931e86a6ac44afd03","width":"1086","height":"1713"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/342906876862496","isVote":1,"tweetType":1,"viewCount":113,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9948485848,"gmtCreate":1680769433885,"gmtModify":1680769437695,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AMC\">$AMC Entertainment(AMC)$&nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/AMC\">$AMC Entertainment(AMC)$&nbsp;</a>","text":"$AMC Entertainment(AMC)$","images":[{"img":"https://community-static.tradeup.com/news/156bf048559ff00efe3dca7d16edfd5e","width":"1284","height":"2538"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948485848","isVote":1,"tweetType":1,"viewCount":322,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":241408062173376,"gmtCreate":1699966018976,"gmtModify":1699966114629,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"Disappointed 😂","listText":"Disappointed 😂","text":"Disappointed 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/241408062173376","repostId":"1120385949","repostType":4,"repost":{"id":"1120385949","kind":"news","pubTimestamp":1700002879,"share":"https://ttm.financial/m/news/1120385949?lang=&edition=fundamental","pubTime":"2023-11-15 07:01","market":"us","language":"en","title":"Sea Stock Tumbles 22% as the Company Swings Back to Loss After New Rivals Take a Toll","url":"https://stock-news.laohu8.com/highlight/detail?id=1120385949","media":"Bloomberg","summary":"Sea Ltd : Q3 GAAP EPS of -$1.01 misses by $1.01. Revenue of $3.3B  beats by $90M.Sea stock tumbled 14% after posting fiancial results.Total gross profit was US$1.4 billion, up 17.4% year-on-year.Total net loss was US$ million, as compared to total net loss of US$ million for the third quarter of 2022.Total adjusted EBITDA1 was US$35.3 million, as compared to a loss of US$ million for the third quarter of 2022.As of September 30, 2023, cash, cash equivalents, short-term and other treasury investm","content":"<html><head></head><body><p>Sea Ltd. swung back to a loss in the third quarter, hit by flagging consumption and intensifying competition from Alibaba and TikTok on its home turf.</p><p style=\"text-align: start;\">The stock fell 22.07% on Tuesday after the company posted a net loss of $149 million, compared with a profit of $322 million the previous quarter. Southeast Asia’s largest internet firm reported a 4.9% rise in sales from a year earlier to $3.3 billion, versus the average estimate of $3.2 billion.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1a40c2774e9da0111652a2005577043a\" tg-width=\"804\" tg-height=\"624\"/></p><p>The results may stoke concerns that the US-listed company is sacrificing margins to stave off a charge from ByteDance Ltd.’s TikTok and Alibaba Group Holding Ltd.’s Lazada, or newer entrants such as PDD Holdings Inc.’s Temu. Sea plunged its most on record after founder Forrest Li declared in August his company will invest more in online retail arm Shopee and live-streaming to counter those platforms, which are appealing to younger shoppers.</p><p style=\"text-align: start;\">Till recently, Sea’s strongest markets including Indonesia seemed under siege from TikTok and a new breed of video-oriented shopping services, which used popular influencers to sell a range of wares to an engaged, growing online population. But in September, Jakarta effectively forced TikTok to shut its shopping service, acting on a growing backlash from smaller merchants against the Chinese-owned platform.</p><p style=\"text-align: start;\">Investors have been looking for clues since then on whether that abrupt exit will rekindle Sea. Before Indonesia, the market feared the Singaporean company — which reported more than a decade of losses after its 2009 founding — will sink back into the red. Compounding the situation are expectations that Southeast Asia’s internet economy will log its slowest growth on record this year, the result of an economic downturn with uncertain outcomes.</p><p style=\"text-align: start;\">Sea’s other big business, the gaming division centered around Garena, has shrunk rapidly in 2023 given a lack of new blockbuster titles. But it recently restored its marquee title Free Fire to Indian app stores after a surprise 2022 ban.</p><blockquote><p>Sea’s e-commerce revenue, driving 68% of the 1H total, should gain from Indonesian regulators’ shutdown of TikTok’s shopping platform, which faces similar risks in Malaysia. Online-shopping gross merchandise value (GMV) likely fell or stagnated in 1Q-2Q, a trend that could improve as Shopee regains lost market share from rivals amid a reacceleration in marketing spending. With Temu, the overseas arm of China’s e-tailer Pinduoduo also encroaching on Southeast Asia, such investments could intensify and cloud Sea’s net profit path. This is partially mitigated by a tepid recovery in the digital entertainment segment — driving 45% of 1H adjusted Ebitda — amid a rebound in Free Fire’s player engagement.</p><p>Free cash flow could remain under pressure amid e-commerce expansion spending. - Nathan Naidu, analyst</p></blockquote><p style=\"text-align: start;\">Li’s company had overhauled its business to focus on profitability earlier this year. Sea embarked on an aggressive cost-cutting drive to reach profit, pivoting to a focus on the bottom-line as revenue growth decelerated from the triple-digit percentage rates it enjoyed as recently as two years ago. The company froze salaries and slashed hundreds of millions of dollars in expenses to achieve positive cash flows.</p><p style=\"text-align: start;\">To jumpstart growth, Li said in August he intends to ramp up investments into e-commerce arm Shopee. He is stepping up efforts to build out its live-streaming arm, an offensive move that could erode margins and trigger a price war with TikTok and Alibaba. He argued that was necessary to defend its market share.</p><p style=\"text-align: start;\">Beyond deep-pocketed competitors Alibaba and ByteDance, local rivals such as GoTo Group are also piling the pressure on Sea. GoTo, owner of Indonesian e-commerce contender Tokopedia, almost doubled its net revenue during the June quarter.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Stock Tumbles 22% as the Company Swings Back to Loss After New Rivals Take a Toll</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\">\nSea Stock Tumbles 22% as the Company Swings Back to Loss After New Rivals Take a Toll\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-15 07:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-11-14/singapore-s-sea-swings-back-to-loss-after-new-rivals-take-a-toll><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sea Ltd. swung back to a loss in the third quarter, hit by flagging consumption and intensifying competition from Alibaba and TikTok on its home turf.The stock fell 22.07% on Tuesday after the company...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-11-14/singapore-s-sea-swings-back-to-loss-after-new-rivals-take-a-toll\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://www.bloomberg.com/news/articles/2023-11-14/singapore-s-sea-swings-back-to-loss-after-new-rivals-take-a-toll","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120385949","content_text":"Sea Ltd. swung back to a loss in the third quarter, hit by flagging consumption and intensifying competition from Alibaba and TikTok on its home turf.The stock fell 22.07% on Tuesday after the company posted a net loss of $149 million, compared with a profit of $322 million the previous quarter. Southeast Asia’s largest internet firm reported a 4.9% rise in sales from a year earlier to $3.3 billion, versus the average estimate of $3.2 billion.The results may stoke concerns that the US-listed company is sacrificing margins to stave off a charge from ByteDance Ltd.’s TikTok and Alibaba Group Holding Ltd.’s Lazada, or newer entrants such as PDD Holdings Inc.’s Temu. Sea plunged its most on record after founder Forrest Li declared in August his company will invest more in online retail arm Shopee and live-streaming to counter those platforms, which are appealing to younger shoppers.Till recently, Sea’s strongest markets including Indonesia seemed under siege from TikTok and a new breed of video-oriented shopping services, which used popular influencers to sell a range of wares to an engaged, growing online population. But in September, Jakarta effectively forced TikTok to shut its shopping service, acting on a growing backlash from smaller merchants against the Chinese-owned platform.Investors have been looking for clues since then on whether that abrupt exit will rekindle Sea. Before Indonesia, the market feared the Singaporean company — which reported more than a decade of losses after its 2009 founding — will sink back into the red. Compounding the situation are expectations that Southeast Asia’s internet economy will log its slowest growth on record this year, the result of an economic downturn with uncertain outcomes.Sea’s other big business, the gaming division centered around Garena, has shrunk rapidly in 2023 given a lack of new blockbuster titles. But it recently restored its marquee title Free Fire to Indian app stores after a surprise 2022 ban.Sea’s e-commerce revenue, driving 68% of the 1H total, should gain from Indonesian regulators’ shutdown of TikTok’s shopping platform, which faces similar risks in Malaysia. Online-shopping gross merchandise value (GMV) likely fell or stagnated in 1Q-2Q, a trend that could improve as Shopee regains lost market share from rivals amid a reacceleration in marketing spending. With Temu, the overseas arm of China’s e-tailer Pinduoduo also encroaching on Southeast Asia, such investments could intensify and cloud Sea’s net profit path. This is partially mitigated by a tepid recovery in the digital entertainment segment — driving 45% of 1H adjusted Ebitda — amid a rebound in Free Fire’s player engagement.Free cash flow could remain under pressure amid e-commerce expansion spending. - Nathan Naidu, analystLi’s company had overhauled its business to focus on profitability earlier this year. Sea embarked on an aggressive cost-cutting drive to reach profit, pivoting to a focus on the bottom-line as revenue growth decelerated from the triple-digit percentage rates it enjoyed as recently as two years ago. The company froze salaries and slashed hundreds of millions of dollars in expenses to achieve positive cash flows.To jumpstart growth, Li said in August he intends to ramp up investments into e-commerce arm Shopee. He is stepping up efforts to build out its live-streaming arm, an offensive move that could erode margins and trigger a price war with TikTok and Alibaba. He argued that was necessary to defend its market share.Beyond deep-pocketed competitors Alibaba and ByteDance, local rivals such as GoTo Group are also piling the pressure on Sea. GoTo, owner of Indonesian e-commerce contender Tokopedia, almost doubled its net revenue during the June quarter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":280695596126368,"gmtCreate":1709554390946,"gmtModify":1709554395331,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a>&nbsp;","text":"$Sea Ltd(SE)$","images":[{"img":"https://community-static.tradeup.com/news/1668481c14a3ae039b6e00b110f5b9b7","width":"1086","height":"1713"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/280695596126368","isVote":1,"tweetType":1,"viewCount":231,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":347184621,"gmtCreate":1618475504663,"gmtModify":1704711398880,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"Bought in 408 ?","listText":"Bought in 408 ?","text":"Bought in 408 ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/347184621","repostId":"1152649892","repostType":4,"repost":{"id":"1152649892","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618474464,"share":"https://ttm.financial/m/news/1152649892?lang=&edition=fundamental","pubTime":"2021-04-15 16:14","market":"us","language":"en","title":"Coinbase gained about 10% in premarket trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1152649892","media":"Tiger Newspress","summary":"(April 15) Coinbase gained about 10% in premarket trading.Coinbase Global popped nearly 72% intraday","content":"<p>(April 15)&nbsp;Coinbase gained about 10% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/0a4243267797a533c545dd6cc5dfc290\" tg-width=\"1066\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p><p>Coinbase Global&nbsp;popped nearly 72% intraday Wednesday and ended the session ahead more than 30% after the cryptocurrency firmstaged its eagerly anticipated direct listing on the Nasdaq.</p><p>COIN opened at $381 at about 1:30 p.m. ET, up 52.4% from a$250-a-share reference pricethat the Nasdaq and Goldman Sachs had set for the stock Tuesday afternoon.</p><p>Coinbase later shot up to as high as&nbsp;$429.54 intraday before closing at $328.28, up 31.3% from the reference price.</p><p>The closing price gives Coinbase about an $85.8B market capitalization, as the company has some&nbsp;261.3M shares outstandingon a fully diluted basis.</p><p>In addition, ARK Invest buys Coinbase for 3 funds. Cathie Wood bought 89,589 shares of Coinbase for the ARK Fintech Innovation ETF (NYSEARCA:ARKF). She bought 512,535 shares of the crypto trading platform for the flagship ARK Innovation ETF (NYSEARCA:ARKK). And she added 147,081 Coinbase shares to the ARK Next Generation Internet ETF (NYSEARCA:ARKW).</p><p>That was about $246M worth of Coinbase shares.</p><p>\"There are going to be great opportunities from now and five years to buy (Coinbase) on dips,\" Wood told Bloomberg.</p><p>ARK thinks institutional interest could add $500K to the price of Bitcoin (BTC-USD).</p><p>Wall Street has been excitedly awaiting the company's go-public move because the firm represents perhaps the first pure play on the hot cryptocurrency market.</p><p>Coinbase operates a popular trading platform for Bitcoin (BTC-USD) and other cryptocurrencies, and also offers services like hosting the digital “wallets” that store investors’ crypto holdings.</p><p>COIN went public at a time when Bitcoin has been trading at or near&nbsp;record highs, as have&nbsp;other cryptoslike Ethereum (ETH-USD) and Dogecoin (DOGE-USD).</p><p>However, the company took the unusual move of going public via a direct listing rather than a traditional IPO. Certain Coinbase pre-IPO investors simply made as many as 114.85M shares available to the public via the Nasdaq.</p><p>That led to uncertainty as to how much COIN shares are really worth. In a traditional initial public offering, underwriters set the IPO’s official price hours before the stock hits the market, selling shares to institutional investors and wealthy investors at that level.</p><p>Although a stock can open higher or lower than the official IPO price, at least that gives some investors an idea of what the shares should be worth. That’s not the case with direct listings.</p><p>That said, not only did the Nasdaq and Goldman issue their $250-a-share reference price Tuesday, but German crypto exchange FTX had been offering non-U.S. investors a futures contract that imputed the stock’s likely price ahead of official trading.</p><p>The FTX contract was trading at $463.845 right around the time that Coinbase stock opened for actual trading. As each contract represents 1/250-millionth of Coinbase’s estimated value, that implied a $116B market cap for the company.</p><p>Dividing that by Coinbase’s 261.3M fully diluted shares outstanding put COIN shares’ estimated value at about $443.79 apiece right around the stock’s official Nasdaq opening.</p><p>Coinbase's hot IPO immediately made it one of the most valuable financial companies, right up withMorgan Stanley, Charles Schwab and others.</p><p></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>Coinbase gained about 10% in premarket 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\">\nCoinbase gained about 10% in premarket trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-15 16:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(April 15)&nbsp;Coinbase gained about 10% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/0a4243267797a533c545dd6cc5dfc290\" tg-width=\"1066\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p><p>Coinbase Global&nbsp;popped nearly 72% intraday Wednesday and ended the session ahead more than 30% after the cryptocurrency firmstaged its eagerly anticipated direct listing on the Nasdaq.</p><p>COIN opened at $381 at about 1:30 p.m. ET, up 52.4% from a$250-a-share reference pricethat the Nasdaq and Goldman Sachs had set for the stock Tuesday afternoon.</p><p>Coinbase later shot up to as high as&nbsp;$429.54 intraday before closing at $328.28, up 31.3% from the reference price.</p><p>The closing price gives Coinbase about an $85.8B market capitalization, as the company has some&nbsp;261.3M shares outstandingon a fully diluted basis.</p><p>In addition, ARK Invest buys Coinbase for 3 funds. Cathie Wood bought 89,589 shares of Coinbase for the ARK Fintech Innovation ETF (NYSEARCA:ARKF). She bought 512,535 shares of the crypto trading platform for the flagship ARK Innovation ETF (NYSEARCA:ARKK). And she added 147,081 Coinbase shares to the ARK Next Generation Internet ETF (NYSEARCA:ARKW).</p><p>That was about $246M worth of Coinbase shares.</p><p>\"There are going to be great opportunities from now and five years to buy (Coinbase) on dips,\" Wood told Bloomberg.</p><p>ARK thinks institutional interest could add $500K to the price of Bitcoin (BTC-USD).</p><p>Wall Street has been excitedly awaiting the company's go-public move because the firm represents perhaps the first pure play on the hot cryptocurrency market.</p><p>Coinbase operates a popular trading platform for Bitcoin (BTC-USD) and other cryptocurrencies, and also offers services like hosting the digital “wallets” that store investors’ crypto holdings.</p><p>COIN went public at a time when Bitcoin has been trading at or near&nbsp;record highs, as have&nbsp;other cryptoslike Ethereum (ETH-USD) and Dogecoin (DOGE-USD).</p><p>However, the company took the unusual move of going public via a direct listing rather than a traditional IPO. Certain Coinbase pre-IPO investors simply made as many as 114.85M shares available to the public via the Nasdaq.</p><p>That led to uncertainty as to how much COIN shares are really worth. In a traditional initial public offering, underwriters set the IPO’s official price hours before the stock hits the market, selling shares to institutional investors and wealthy investors at that level.</p><p>Although a stock can open higher or lower than the official IPO price, at least that gives some investors an idea of what the shares should be worth. That’s not the case with direct listings.</p><p>That said, not only did the Nasdaq and Goldman issue their $250-a-share reference price Tuesday, but German crypto exchange FTX had been offering non-U.S. investors a futures contract that imputed the stock’s likely price ahead of official trading.</p><p>The FTX contract was trading at $463.845 right around the time that Coinbase stock opened for actual trading. As each contract represents 1/250-millionth of Coinbase’s estimated value, that implied a $116B market cap for the company.</p><p>Dividing that by Coinbase’s 261.3M fully diluted shares outstanding put COIN shares’ estimated value at about $443.79 apiece right around the stock’s official Nasdaq opening.</p><p>Coinbase's hot IPO immediately made it one of the most valuable financial companies, right up withMorgan Stanley, Charles Schwab and others.</p><p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152649892","content_text":"(April 15) Coinbase gained about 10% in premarket trading.Coinbase Global popped nearly 72% intraday Wednesday and ended the session ahead more than 30% after the cryptocurrency firmstaged its eagerly anticipated direct listing on the Nasdaq.COIN opened at $381 at about 1:30 p.m. ET, up 52.4% from a$250-a-share reference pricethat the Nasdaq and Goldman Sachs had set for the stock Tuesday afternoon.Coinbase later shot up to as high as $429.54 intraday before closing at $328.28, up 31.3% from the reference price.The closing price gives Coinbase about an $85.8B market capitalization, as the company has some 261.3M shares outstandingon a fully diluted basis.In addition, ARK Invest buys Coinbase for 3 funds. Cathie Wood bought 89,589 shares of Coinbase for the ARK Fintech Innovation ETF (NYSEARCA:ARKF). She bought 512,535 shares of the crypto trading platform for the flagship ARK Innovation ETF (NYSEARCA:ARKK). And she added 147,081 Coinbase shares to the ARK Next Generation Internet ETF (NYSEARCA:ARKW).That was about $246M worth of Coinbase shares.\"There are going to be great opportunities from now and five years to buy (Coinbase) on dips,\" Wood told Bloomberg.ARK thinks institutional interest could add $500K to the price of Bitcoin (BTC-USD).Wall Street has been excitedly awaiting the company's go-public move because the firm represents perhaps the first pure play on the hot cryptocurrency market.Coinbase operates a popular trading platform for Bitcoin (BTC-USD) and other cryptocurrencies, and also offers services like hosting the digital “wallets” that store investors’ crypto holdings.COIN went public at a time when Bitcoin has been trading at or near record highs, as have other cryptoslike Ethereum (ETH-USD) and Dogecoin (DOGE-USD).However, the company took the unusual move of going public via a direct listing rather than a traditional IPO. Certain Coinbase pre-IPO investors simply made as many as 114.85M shares available to the public via the Nasdaq.That led to uncertainty as to how much COIN shares are really worth. In a traditional initial public offering, underwriters set the IPO’s official price hours before the stock hits the market, selling shares to institutional investors and wealthy investors at that level.Although a stock can open higher or lower than the official IPO price, at least that gives some investors an idea of what the shares should be worth. That’s not the case with direct listings.That said, not only did the Nasdaq and Goldman issue their $250-a-share reference price Tuesday, but German crypto exchange FTX had been offering non-U.S. investors a futures contract that imputed the stock’s likely price ahead of official trading.The FTX contract was trading at $463.845 right around the time that Coinbase stock opened for actual trading. As each contract represents 1/250-millionth of Coinbase’s estimated value, that implied a $116B market cap for the company.Dividing that by Coinbase’s 261.3M fully diluted shares outstanding put COIN shares’ estimated value at about $443.79 apiece right around the stock’s official Nasdaq opening.Coinbase's hot IPO immediately made it one of the most valuable financial companies, right up withMorgan Stanley, Charles Schwab and others.","news_type":1},"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":234730099069144,"gmtCreate":1698328751738,"gmtModify":1698328755869,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"Disappointed stock 😂","listText":"Disappointed stock 😂","text":"Disappointed stock 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/234730099069144","repostId":"1122977732","repostType":4,"repost":{"id":"1122977732","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1698328167,"share":"https://ttm.financial/m/news/1122977732?lang=&edition=fundamental","pubTime":"2023-10-26 21:49","market":"us","language":"en","title":"Sea Slipped Over 7% in Morning Trading As TikTok, YouTube, Meta Tried to Get Indonesia E-Commerce Licenses","url":"https://stock-news.laohu8.com/highlight/detail?id=1122977732","media":"Tiger Newspress","summary":"$Sea Ltd(SE)$ slipped over 7% in morning trading.TikTok and YouTube are considering joining Meta in applying for e-commerce licenses in Indonesia after Southeast Asia's largest economy banned online shopping on social media platforms, people familiar with the discussions said.","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/SE\">Sea Ltd</a> slipped over 7% in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/56446a96e375cdeb71e4e13e68353baf\" tg-width=\"604\" tg-height=\"606\"/></p><p>TikTok and YouTube are considering joining Meta in applying for e-commerce licenses in Indonesia after Southeast Asia&#39;s largest economy banned online shopping on social media platforms, people familiar with the discussions said.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Slipped Over 7% in Morning Trading As TikTok, YouTube, Meta Tried to Get Indonesia E-Commerce Licenses</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\">\nSea Slipped Over 7% in Morning Trading As TikTok, YouTube, Meta Tried to Get Indonesia E-Commerce Licenses\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-10-26 21:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/SE\">Sea Ltd</a> slipped over 7% in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/56446a96e375cdeb71e4e13e68353baf\" tg-width=\"604\" tg-height=\"606\"/></p><p>TikTok and YouTube are considering joining Meta in applying for e-commerce licenses in Indonesia after Southeast Asia&#39;s largest economy banned online shopping on social media platforms, people familiar with the discussions said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122977732","content_text":"Sea Ltd slipped over 7% in morning trading.TikTok and YouTube are considering joining Meta in applying for e-commerce licenses in Indonesia after Southeast Asia's largest economy banned online shopping on social media platforms, people familiar with the discussions said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954301583,"gmtCreate":1675979305742,"gmtModify":1675979307173,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a>","text":"$Tesla Motors(TSLA)$","images":[{"img":"https://community-static.tradeup.com/news/dd129bc6e3ceeddaa351f46960933163","width":"1284","height":"2538"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954301583","isVote":1,"tweetType":1,"viewCount":209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9954301092,"gmtCreate":1675979223116,"gmtModify":1675979226189,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a>","text":"$Tesla Motors(TSLA)$","images":[{"img":"https://community-static.tradeup.com/news/087b5e3431884a070853a0d89eb40c5e","width":"1284","height":"1959"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954301092","isVote":1,"tweetType":1,"viewCount":136,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9924438409,"gmtCreate":1672304786701,"gmtModify":1676538669050,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9924438409","repostId":"2295937160","repostType":2,"repost":{"id":"2295937160","kind":"highlight","pubTimestamp":1672301747,"share":"https://ttm.financial/m/news/2295937160?lang=&edition=fundamental","pubTime":"2022-12-29 16:15","market":"us","language":"en","title":"Apple Stock Faces Major Test That Could Turn \"Quite Bearish,\" Analyst Says","url":"https://stock-news.laohu8.com/highlight/detail?id=2295937160","media":"Yahoo Finance","summary":"After a nearly 14% drubbing in December, Apple stock now sits at a key technical juncture that has c","content":"<html><head></head><body><p>After a nearly 14% drubbing in December, Apple stock now sits at a key technical juncture that has chart watchers eyeing further declines for the tech giant&#39;s shares.</p><p>&#34;One of the most important items we’ll be watching over the next week or two will be the action in Apple,&#34; Matt Maley, chief market strategist at Miller Tabak, wrote in a new client note on Wednesday. &#34;The reason that the $130 level is so important is because it’s where the lows from June come in (which was the low for 2022). Therefore, any meaningful break would give the stock a key &#39;lower-low&#39;…and that would be quite bearish because Apple has already broken below its trend-line from the March 2020 pandemic lows (and below its 200-day moving average).&#34;</p><p>Apple&#39;s stock violated the $130 level on Wednesday, falling 2% to $127 in afternoon trading as concerns spread about the pace of the economic reopening in China.</p><p>It&#39;s not surprising to see it drop below the key technical level, as Maley noted Apple&#39;s stock tested the $130 level on four of the past five trading days ahead of today&#39;s session.</p><p>&#34;If Apple breaks below the $130 level any time soon (either now…or after a very-short-term bounce)…after already breaking below an important trend-line and an important moving average…it’s going to be quite bearish for the stock on a technical basis,&#34; Maley added. &#34;Given that Apple is such an important leadership stock, an important breakdown in the stock at any point in the next 1-3 weeks will not be great for the broad stock market either.&#34;</p><p>Apple stock has declined despite it often being viewed as a safe-haven investment with a formidable balance sheet flush with cash and a steady stream of repeatable services income.</p><p>But just like other large companies, the volatile global economic backdrop has hit Apple in the form of slowing iPhone and accessory sales as well as production delays out of COVID-stricken China.</p><p><img src=\"https://community-static.tradeup.com/news/19768f6177bcc68d31632ab3be6f47ca\" tg-width=\"4000\" tg-height=\"2667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>An Apple store in Shanghai, China, June 23, 2022. (Photo: CFOTO/Future Publishing via Getty Images)</p><p>Future Publishing via Getty Images</p><p>The external crosscurrents have sent most analysts on the Street back to the drawing board with respect to their financial estimates for Apple.</p><p>&#34;We are again moderating our expectations for the Dec-Q (F1Q23) on the back of the impact of the recent supply chain challenges faced by Apple in relation to operations at Hon Hai’s assembly facility in Zhengzhou, China,&#34; JPMorgan tech analyst Samik Chatterjee wrote. &#34;While the rapid extension of lead times for the iPhone 14 Pro / Pro Max has slowed down and in fact began to moderate in recent weeks, it still remains elevated relative to the lead times seen prior to the COVID outbreak in Zhengzhou as we continue to see the supply shortfall continuing through year-end and impacting the typical seasonal uptick in iPhone volumes seen in Dec-Q.&#34;</p></body></html>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock Faces Major Test That Could Turn \"Quite Bearish,\" Analyst Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Stock Faces Major Test That Could Turn \"Quite Bearish,\" Analyst Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-29 16:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/apple-stock-faces-major-test-that-could-turn-quite-bearish-analyst-says-194318028.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After a nearly 14% drubbing in December, Apple stock now sits at a key technical juncture that has chart watchers eyeing further declines for the tech giant's shares.\"One of the most important items ...</p>\n\n<a href=\"https://finance.yahoo.com/news/apple-stock-faces-major-test-that-could-turn-quite-bearish-analyst-says-194318028.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://finance.yahoo.com/news/apple-stock-faces-major-test-that-could-turn-quite-bearish-analyst-says-194318028.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2295937160","content_text":"After a nearly 14% drubbing in December, Apple stock now sits at a key technical juncture that has chart watchers eyeing further declines for the tech giant's shares.\"One of the most important items we’ll be watching over the next week or two will be the action in Apple,\" Matt Maley, chief market strategist at Miller Tabak, wrote in a new client note on Wednesday. \"The reason that the $130 level is so important is because it’s where the lows from June come in (which was the low for 2022). Therefore, any meaningful break would give the stock a key 'lower-low'…and that would be quite bearish because Apple has already broken below its trend-line from the March 2020 pandemic lows (and below its 200-day moving average).\"Apple's stock violated the $130 level on Wednesday, falling 2% to $127 in afternoon trading as concerns spread about the pace of the economic reopening in China.It's not surprising to see it drop below the key technical level, as Maley noted Apple's stock tested the $130 level on four of the past five trading days ahead of today's session.\"If Apple breaks below the $130 level any time soon (either now…or after a very-short-term bounce)…after already breaking below an important trend-line and an important moving average…it’s going to be quite bearish for the stock on a technical basis,\" Maley added. \"Given that Apple is such an important leadership stock, an important breakdown in the stock at any point in the next 1-3 weeks will not be great for the broad stock market either.\"Apple stock has declined despite it often being viewed as a safe-haven investment with a formidable balance sheet flush with cash and a steady stream of repeatable services income.But just like other large companies, the volatile global economic backdrop has hit Apple in the form of slowing iPhone and accessory sales as well as production delays out of COVID-stricken China.An Apple store in Shanghai, China, June 23, 2022. (Photo: CFOTO/Future Publishing via Getty Images)Future Publishing via Getty ImagesThe external crosscurrents have sent most analysts on the Street back to the drawing board with respect to their financial estimates for Apple.\"We are again moderating our expectations for the Dec-Q (F1Q23) on the back of the impact of the recent supply chain challenges faced by Apple in relation to operations at Hon Hai’s assembly facility in Zhengzhou, China,\" JPMorgan tech analyst Samik Chatterjee wrote. \"While the rapid extension of lead times for the iPhone 14 Pro / Pro Max has slowed down and in fact began to moderate in recent weeks, it still remains elevated relative to the lead times seen prior to the COVID outbreak in Zhengzhou as we continue to see the supply shortfall continuing through year-end and impacting the typical seasonal uptick in iPhone volumes seen in Dec-Q.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":67,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373833918464296,"gmtCreate":1732308543948,"gmtModify":1732308549001,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SMCI\">$SUPER MICRO COMPUTER INC(SMCI)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/SMCI\">$SUPER MICRO COMPUTER INC(SMCI)$&nbsp;</a>&nbsp;","text":"$SUPER MICRO COMPUTER INC(SMCI)$","images":[{"img":"https://community-static.tradeup.com/news/92a9e23deb497e00280984fbde16f720","width":"1092","height":"1717"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/373833918464296","isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":364840923721800,"gmtCreate":1730082812886,"gmtModify":1730082816864,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"U short la...","listText":"U short la...","text":"U short la...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/364840923721800","repostId":"2478925115","repostType":4,"repost":{"id":"2478925115","kind":"highlight","pubTimestamp":1730081661,"share":"https://ttm.financial/m/news/2478925115?lang=&edition=fundamental","pubTime":"2024-10-28 10:14","market":"sg","language":"en","title":"AMD: The Overvalued Kingdom Of Challenges","url":"https://stock-news.laohu8.com/highlight/detail?id=2478925115","media":"seekingalpha","summary":"Advanced Micro Devices, Inc. stock remains a Strong Sell despite a 6% price drop since my last call, with significant reaction expected to Q3 earnings on October 29.AMD's new AI products, including Tu","content":"<html><head></head><body><ul><li><p>Advanced Micro Devices, Inc. stock remains a Strong Sell despite a 6% price drop since my last call, with significant reaction expected to Q3 earnings on October 29.</p></li><li><p>AMD&#39;s new AI products, including Turin EPYC CPUs and Instinct MI325x AI accelerator, failed to excite investors, leading to a stock price decline.</p></li><li><p>AMD&#39;s inventory has grown to nearly $5 billion, representing 21% of TTM revenue, a concerning level compared to Nvidia&#39;s 7% ratio.</p></li><li><p>The upcoming earnings release is crucial for AMD investors, especially after the underwhelming response to the recent AI product unveiling.</p></li></ul><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b0f19dbbd718a9f719e9c6d687f169e8\" data-align=\"center\" tg-width=\"750\" tg-height=\"500\"/><span></span></p><p></p><h2>My thesis</h2><p><strong>Advanced Micro Devices, Inc.</strong> (NASDAQ:AMD) (NEOE:AMD:CA) stock still appears to be a Strong Sell. This is despite the stock becoming cheaper after it declined by 6.5% since I shared my previous analysis. The new earnings release is expected next week, and there are several warning signs indicating that Q3 earnings might disappoint investors.</p><p>According to my discounted cash flow model, the stock is significantly overvalued, and weak earnings could serve as a major negative catalyst for the share price. The inventory problem continues to mount despite positive revenue dynamics over the last few quarters. After AMD recently released various new products, it is highly likely that the existing inventory is now obsolete, forcing the company to sell them at large discounts, which will pressure profitability.</p><h2>AMD stock analysis</h2><p>Today I want to focus on AMD&#39;s upcoming earnings release because growth stocks usually tend to react significantly to beats or misses against consensus. According to the official information from AMD, the company will release its Q3 earnings on October 29, after the close of the market. This is highly likely the biggest event for investors that is left in 2024 because on October 10 the company already made a presentation where it unveiled its new AI chip.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/21050cc00f96b5065446a96aaec4b0c2\" data-align=\"center\" tg-width=\"640\" tg-height=\"226\"/><span></span></p><p></p><p>During the event, AMD unveiled new Turin EPYC data center CPUs and an Instinct MI325x AI accelerator. The company also unveiled Ryzen AI PRO 300 Series, the first Microsoft (MSFT) Copilot+ laptops designed for enterprise. Despite the company rolled out various new products with AI exposure, it appears that investors were not excited much. The stock price dropped notably after the event, even despite the S&amp;P 500 (SP500) demonstrated positive dynamic over the same period.</p><p>Since my previous analysis was published before the Q2 earnings release, I want to refer to one of the fundamental issues related to the latest quarterly financial report. In my previous thesis, I emphasized that AMD&#39;s inventory grew significantly over the last couple of years. As we see below, the problem became even larger during the previous reportable quarter as inventory grew to almost $5 billion. This is around 21% of AMD&#39;s TTM revenue, which is a substantial level. For example, NVIDIA&#39;s (NVDA) inventory was $6.7 billion as of the latest reporting date. This is higher compared to AMD in absolute terms, but Nvidia&#39;s TTM revenue is $96 billion, meaning that the inventory to TTM revenue ratio is around 7%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4ff48e9308dcc9c082b9d4d526dd1c65\" data-align=\"center\" tg-width=\"635\" tg-height=\"424\"/><span></span></p><p></p><p>A high inventory level presents a significant fundamental issue for the company, as nearly $5 billion of its assets are tied up in inventories. These inventories appear to be slow-moving, given that their balance continues to grow, even despite AMD&#39;s revenue returning to the growth path during recent quarters. This high inventory level is likely to be a long-lasting headwind for profitability because the outstanding balance is not much lower compared to quarterly sales over several past quarters.</p><p>Additionally, we should not forget that AMD consistently rolls out new, upgraded versions of its products. With that being said, the inventory will highly likely sell off slowly and potentially at a large discount, as demand for older versions diminishes notably once new versions appear.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c84efb136c7615d38aafaeaf533c1b4f\" data-align=\"center\" tg-width=\"640\" tg-height=\"505\"/><span></span></p><p></p><p>According to quarterly consensus estimates, analysts expect a 31% YoY adjusted EPS growth. This is notably ahead of the expected 16% YoY revenue growth. Furthermore, for the quarters beyond fiscal Q3 2024, analysts project a substantial acceleration in EPS growth. However, given the significant inventory issue, these EPS growth forecasts might be overly optimistic. Therefore, there is a considerable risk of AMD missing Q3 EPS consensus estimates and potentially downgrading its outlook.</p><p>As I mentioned in my previous AMD coverage, growth in Data Center revenue was the only strong revenue growth driver over the last few quarters. However, in this market, AMD competes with Nvidia. Due to its smaller scale and much weaker financial position compared to Nvidia, it is very difficult for AMD to compete in data centers. Nvidia&#39;s hottest offering for data centers is its new Blackwell GPU. According to the management, the supply of Blackwell is already sold out for the next 12 months. Furthermore, analysts from Morgan Stanley (MS) believe that Nvidia is likely to expand its market share in AI processors in 2025. Since AMD is the second-largest player in the market, it is highly likely that Nvidia&#39;s potential 2025 market share expansion will happen at AMD&#39;s expense.</p><p>Due to all these factors, I am quite pessimistic about AMD&#39;s upcoming Q3 earnings release. Inventory is a strong headwind for profitability, and fierce competition from Nvidia&#39;s Blackwell means that AMD&#39;s management is unlikely to boost its AI revenue projections for 2025.</p><h2>Intrinsic value calculation</h2><p>AMD leverage ratio is low, meaning that using cost of equity is a fair choice to be used as a discount rate for my discounted cash flow (DCF) model. The below working demonstrates why the discount rate is 12.02%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b8fbc491480a907a6e73fe9126ab12c6\" data-align=\"center\" tg-width=\"640\" tg-height=\"111\"/><span></span></p><p></p><p>According to consensus, the revenue CAGR for years 1-5 is around 18%. This is an aggressive assumption, but using an optimistic forecast as the first scenario looks reasonable to balance out my bearish stance. Therefore, the perpetual growth rate is also aggressive at 5%. The levered TTM FCF margin is 9.1%. This is my year 1 FCF assumption, with expected growth of the metric by 100 bps annually. I use levered FCF margin because cost of equity is the discount rate.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e388df28359da3702848f5e30a30754a\" data-align=\"center\" tg-width=\"640\" tg-height=\"403\"/><span></span></p><p></p><p>AMD&#39;s intrinsic value per share is $69. This target price is significantly lower compared to the current share price of $153.44. The valuation is very generous because only a 9% perpetual growth rate more or less justifies the current share price.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/10f6774d0298b36d767059d96a6737a8\" data-align=\"center\" tg-width=\"640\" tg-height=\"409\"/><span></span></p><p></p><h2>What can go wrong with my thesis?</h2><p>While I do not see opportunities for AMD to compete with Nvidia in AI processors, the company has successfully played its &#39;David versus Goliath&#39; role in the past against Intel (INTC). Less than ten years ago, there was a massive gap between Intel&#39;s and AMD&#39;s market shares in x86 computer CPUs. According to Statista, AMD has significantly narrowed this gap recently, and Intel&#39;s position no longer appears unassailable. Therefore, AMD&#39;s management has experience in successfully competing with larger competitors.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/dc2ff8c1baf81adee613b53f6b3b12b2\" data-align=\"center\" tg-width=\"640\" tg-height=\"387\"/><span></span></p><p></p><p>Despite I am pessimistic about AMD&#39;s ability to beat consensus EPS estimates, its recent earnings surprise history is quite strong. According to Seeking Alpha&#39;s chart, there has been only one negative EPS surprise over the last sixteen quarters, which is a strong track record suggesting that I might be underestimating the company&#39;s ability to deliver positive surprises.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ef723414a969180069a956b673d9e266\" data-align=\"center\" tg-width=\"640\" tg-height=\"245\"/><span></span></p><p></p><h2>Summary</h2><p>I am quite pessimistic about AMD&#39;s approaching earnings release due to a few (but big) warning signs. In addition, the stock appears significantly overvalued.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMD: The Overvalued Kingdom Of Challenges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMD: The Overvalued Kingdom Of Challenges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-28 10:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4729668-amd-the-overvalued-kingdom-of-challenges><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Advanced Micro Devices, Inc. stock remains a Strong Sell despite a 6% price drop since my last call, with significant reaction expected to Q3 earnings on October 29.AMD's new AI products, including ...</p>\n\n<a href=\"https://seekingalpha.com/article/4729668-amd-the-overvalued-kingdom-of-challenges\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0823434583.USD":"BNP PARIBAS US GROWTH \"C\" (USD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","BK4588":"碎股","LU0823434740.USD":"BNP PARIBAS US GROWTH \"C\" (USD) INC","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","BK4141":"半导体产品","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","BK4573":"虚拟现实","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU1880398471.USD":"AMUNDI FUNDS GLOBAL EQUITY \"A2\" (USD) ACC","LU1880398554.USD":"AMUNDI FUNDS GLOBAL EQUITY \"A2\" (USD) INC","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","BK4512":"苹果概念","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","AMD":"美国超微公司","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4529":"IDC概念","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","BK4554":"元宇宙及AR概念","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","BK4532":"文艺复兴科技持仓","LU0109392836.USD":"富兰克林科技股A","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","BK4585":"ETF&股票定投概念","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BK4534":"瑞士信贷持仓","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","BK4566":"资本集团","BK4575":"芯片概念","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H"},"source_url":"https://seekingalpha.com/article/4729668-amd-the-overvalued-kingdom-of-challenges","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2478925115","content_text":"Advanced Micro Devices, Inc. stock remains a Strong Sell despite a 6% price drop since my last call, with significant reaction expected to Q3 earnings on October 29.AMD's new AI products, including Turin EPYC CPUs and Instinct MI325x AI accelerator, failed to excite investors, leading to a stock price decline.AMD's inventory has grown to nearly $5 billion, representing 21% of TTM revenue, a concerning level compared to Nvidia's 7% ratio.The upcoming earnings release is crucial for AMD investors, especially after the underwhelming response to the recent AI product unveiling.My thesisAdvanced Micro Devices, Inc. (NASDAQ:AMD) (NEOE:AMD:CA) stock still appears to be a Strong Sell. This is despite the stock becoming cheaper after it declined by 6.5% since I shared my previous analysis. The new earnings release is expected next week, and there are several warning signs indicating that Q3 earnings might disappoint investors.According to my discounted cash flow model, the stock is significantly overvalued, and weak earnings could serve as a major negative catalyst for the share price. The inventory problem continues to mount despite positive revenue dynamics over the last few quarters. After AMD recently released various new products, it is highly likely that the existing inventory is now obsolete, forcing the company to sell them at large discounts, which will pressure profitability.AMD stock analysisToday I want to focus on AMD's upcoming earnings release because growth stocks usually tend to react significantly to beats or misses against consensus. According to the official information from AMD, the company will release its Q3 earnings on October 29, after the close of the market. This is highly likely the biggest event for investors that is left in 2024 because on October 10 the company already made a presentation where it unveiled its new AI chip.During the event, AMD unveiled new Turin EPYC data center CPUs and an Instinct MI325x AI accelerator. The company also unveiled Ryzen AI PRO 300 Series, the first Microsoft (MSFT) Copilot+ laptops designed for enterprise. Despite the company rolled out various new products with AI exposure, it appears that investors were not excited much. The stock price dropped notably after the event, even despite the S&P 500 (SP500) demonstrated positive dynamic over the same period.Since my previous analysis was published before the Q2 earnings release, I want to refer to one of the fundamental issues related to the latest quarterly financial report. In my previous thesis, I emphasized that AMD's inventory grew significantly over the last couple of years. As we see below, the problem became even larger during the previous reportable quarter as inventory grew to almost $5 billion. This is around 21% of AMD's TTM revenue, which is a substantial level. For example, NVIDIA's (NVDA) inventory was $6.7 billion as of the latest reporting date. This is higher compared to AMD in absolute terms, but Nvidia's TTM revenue is $96 billion, meaning that the inventory to TTM revenue ratio is around 7%.A high inventory level presents a significant fundamental issue for the company, as nearly $5 billion of its assets are tied up in inventories. These inventories appear to be slow-moving, given that their balance continues to grow, even despite AMD's revenue returning to the growth path during recent quarters. This high inventory level is likely to be a long-lasting headwind for profitability because the outstanding balance is not much lower compared to quarterly sales over several past quarters.Additionally, we should not forget that AMD consistently rolls out new, upgraded versions of its products. With that being said, the inventory will highly likely sell off slowly and potentially at a large discount, as demand for older versions diminishes notably once new versions appear.According to quarterly consensus estimates, analysts expect a 31% YoY adjusted EPS growth. This is notably ahead of the expected 16% YoY revenue growth. Furthermore, for the quarters beyond fiscal Q3 2024, analysts project a substantial acceleration in EPS growth. However, given the significant inventory issue, these EPS growth forecasts might be overly optimistic. Therefore, there is a considerable risk of AMD missing Q3 EPS consensus estimates and potentially downgrading its outlook.As I mentioned in my previous AMD coverage, growth in Data Center revenue was the only strong revenue growth driver over the last few quarters. However, in this market, AMD competes with Nvidia. Due to its smaller scale and much weaker financial position compared to Nvidia, it is very difficult for AMD to compete in data centers. Nvidia's hottest offering for data centers is its new Blackwell GPU. According to the management, the supply of Blackwell is already sold out for the next 12 months. Furthermore, analysts from Morgan Stanley (MS) believe that Nvidia is likely to expand its market share in AI processors in 2025. Since AMD is the second-largest player in the market, it is highly likely that Nvidia's potential 2025 market share expansion will happen at AMD's expense.Due to all these factors, I am quite pessimistic about AMD's upcoming Q3 earnings release. Inventory is a strong headwind for profitability, and fierce competition from Nvidia's Blackwell means that AMD's management is unlikely to boost its AI revenue projections for 2025.Intrinsic value calculationAMD leverage ratio is low, meaning that using cost of equity is a fair choice to be used as a discount rate for my discounted cash flow (DCF) model. The below working demonstrates why the discount rate is 12.02%.According to consensus, the revenue CAGR for years 1-5 is around 18%. This is an aggressive assumption, but using an optimistic forecast as the first scenario looks reasonable to balance out my bearish stance. Therefore, the perpetual growth rate is also aggressive at 5%. The levered TTM FCF margin is 9.1%. This is my year 1 FCF assumption, with expected growth of the metric by 100 bps annually. I use levered FCF margin because cost of equity is the discount rate.AMD's intrinsic value per share is $69. This target price is significantly lower compared to the current share price of $153.44. The valuation is very generous because only a 9% perpetual growth rate more or less justifies the current share price.What can go wrong with my thesis?While I do not see opportunities for AMD to compete with Nvidia in AI processors, the company has successfully played its 'David versus Goliath' role in the past against Intel (INTC). Less than ten years ago, there was a massive gap between Intel's and AMD's market shares in x86 computer CPUs. According to Statista, AMD has significantly narrowed this gap recently, and Intel's position no longer appears unassailable. Therefore, AMD's management has experience in successfully competing with larger competitors.Despite I am pessimistic about AMD's ability to beat consensus EPS estimates, its recent earnings surprise history is quite strong. According to Seeking Alpha's chart, there has been only one negative EPS surprise over the last sixteen quarters, which is a strong track record suggesting that I might be underestimating the company's ability to deliver positive surprises.SummaryI am quite pessimistic about AMD's approaching earnings release due to a few (but big) warning signs. In addition, the stock appears significantly overvalued.","news_type":1},"isVote":1,"tweetType":1,"viewCount":57,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":333332261425224,"gmtCreate":1722407976805,"gmtModify":1722407980945,"author":{"id":"3576157569562315","authorId":"3576157569562315","name":"Sms","avatar":"https://community-static.tradeup.com/news/af7096a5a676d4a1c23067705539f699","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576157569562315","authorIdStr":"3576157569562315"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/F34.SI\">$Wilmar Intl(F34.SI)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/F34.SI\">$Wilmar Intl(F34.SI)$&nbsp;</a>&nbsp;","text":"$Wilmar 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