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2021-08-13

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2021-04-19

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2021-04-15

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AppLovin: Capitalizing On The Surging Growth Of Mobile Game Apps

2021-04-02

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2021-04-02

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2021-04-01

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Biden Infrastructure Plan Could Be Boon For These EV Stocks

2021-04-01

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Hong Kong Hit by Dozens of Trading Halts After Earnings Deadline

2021-03-29

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Fire at Pertamina's Balongon oil refinery will not impact operations -CEO

2021-03-29

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2021-03-23

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Tencent Music to start new record label in China with Warner Music

2021-03-23

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2021-03-10

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Tech bounces back — Here's what analysts say investors should watch

2021-03-05

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Tesla Should Sell Its Bitcoin and Buy Back Shares To Create 'Positive Momentum,' Says Analyst

2021-02-24

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Credit Suisse, UBS Moving Bankers to China From Hong Kong

2021-02-24

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Until Its Story Changes, Sundial Growers Is a Speculative Trade

2021-02-20

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Goldman Sachs is joining the robo-investing party — should you?

2021-02-19

Hmms. Buy more?

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14:39","market":"us","language":"en","title":"AppLovin: Capitalizing On The Surging Growth Of Mobile Game Apps","url":"https://stock-news.laohu8.com/highlight/detail?id=1125635474","media":"seekingalpha","summary":"SummaryAppLovin announced its IPO price range of $75 to $85 per share. The company is selling 25 mil","content":"<p><b>Summary</b></p><ul><li>AppLovin announced its IPO price range of $75 to $85 per share. The company is selling 25 million shares.</li><li>At the high end of the IPO price range, the company is aiming to raise $2.1 billion, and it would be valued at $30.4 billion.</li><li>Our base case valuation of AppLovin is an EV of $35.1 billion, implied market cap of $35.7 billion, and target price per share of $99.8.</li><li>The company has been a key beneficiary of the surging growth of popular game apps.</li><li>Despite strong sales growth, its operating margins worsened in 2020 due to higher operating expenses.</li></ul><p><b>Investment Thesis</b></p><p>AppLovin<a href=\"https://laohu8.com/S/APP\">AppLovin Corporation</a>  is one of the key beneficiaries of the exploding demand for mobile apps, especially for mobile games. The company's sales growth has been surging in recent years as the company has benefited from both organic growth and has been aggressive in making numerous acquisitions in the past three years.</p><p>Most developers lack access to the marketing, monetization, and data analytics tools required to stand out among the more than 4.8 million mobile apps available on the Apple App Store(NASDAQ:AAPL)and Google Play Store(NASDAQ:GOOG)(NASDAQ:GOOGL). The company's products and services help many app developers to scale up their business and create a successful app that can be sustained long term. This is where the company's capabilities in app development, marketing, and analytics really stand out.</p><p>There are more than 1.3 million mobile gaming apps on the Apple App Store and Google Play Store.Mobile gamingaccounts for 39% of worldwide app downloads and for 72% of all app store consumer spend by value, according to Sensor Tower.</p><p>Although the company's operating margins declined in the past two years mainly due to higher operating expenses, we believe that the company's profit margins will turn around this year due to a combination of higher economies of scale and lower operating expenses as a percentage of revenues.</p><p><b>Comparable Companies Valuation Analysis</b></p><p>In the comparable companies valuation analysis, we used the following companies as comps to AppLovin:</p><ul><li>Unity Software (U)</li><li>Roblox Corp. (RBLX)</li><li>Activision Blizzard (ATVI)</li><li>Zynga (ZNGA)</li></ul><p>Our base case valuation of AppLovin is an EV of $35.1 billion, implied market cap of $35.7 billion, and implied target price per share of $99.8. This represents 17% upside from the high end of the IPO price range of $85. We have a POSITIVE view of the AppLovin IPO.</p><p>Our base case valuation of AppLovin is based on a 16x EV/S multiple (using 2021 sales estimate), which represents a 10% higher than the average EV/S multiple of the comps. It is also below the EV/S multiple of Unity Software and Roblox which trade at EV/S multiple of 26.8x and 19.2x, respectively.</p><p>The comps' average sales growth in 2020 and 2021 are similar to the sales growth rates of AppLovin in this period. Among the comps, Roblox has the highest sales growth and Activision has the lowest sales growth in 2020 and 2021. Overall, we have assumed higher sales growth for AppLovin versus its peers in 2021 and 2022 and this is one of main reasons why we have applied a 10% higher valuation multiple than the comps.</p><p>However, Roblox is trading at 19.2x EV/S in 2021 and we have applied a 16x EV/S multiple for AppLovin (17% lower valuation multiple than Roblox). We believe the market will attach a slightly higher valuation multiple for Roblox than AppLovin, mainly due to the former company's higher sales growth and operating margins in 2021, and its brand is more recognized worldwide.</p><p><img src=\"https://static.tigerbbs.com/b47032411f633c63c676152889baa874\" tg-width=\"553\" tg-height=\"350\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/3ea8b356b98201f398b48bd4d57e507a\" tg-width=\"552\" tg-height=\"455\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8a2dfe8877740e842bb1e143c157e39c\" tg-width=\"551\" tg-height=\"370\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0aec05aa4790c780a95e2527c62896e9\" tg-width=\"554\" tg-height=\"548\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8ee98f1dd0f1c0becb865f331a283068\" tg-width=\"550\" tg-height=\"340\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/96321e40b2bb290d968a20e0a3832de8\" tg-width=\"554\" tg-height=\"362\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/327d495d893132d12a74cc91d93df055\" tg-width=\"553\" tg-height=\"367\" referrerpolicy=\"no-referrer\"><b>Income Statement Forecast</b></p><p>AppLovin generated sales of $1,451.1 million and an operating loss of $62.1 million in 2020. The company's sales have nearly tripled from 2018 to 2020. The company's operating margins declined from 50.1% in 2018 to 19.5% in 2019 and -4.3% in 2020. The major reasons for the lower operating margins are due to higher cost of sales, sales &amp; marketing, R&amp;D, and other operating expenses as a percentage of sales.</p><p>We estimate AppLovin to generate sales of $2.2 billion (up 51% YoY) and an operating profit of $65.2 million in 2021. From 2020 to 2025, we have assumed the company's sales to grow at a CAGR of 28.6%. We have also assumed the company's operating margin to turn positive to 3% in 2021 from -4.3% in 2020. We estimate its operating margins to improve further to 6.8% in 2022, 10.6% in 2023, and 17.8% in 2025. We estimate AppLovin to have sales of $5.1 billion and an operating profit of $0.9 billion in 2025.</p><p><img src=\"https://static.tigerbbs.com/4e58f808f42f4c3a1e238b587f637063\" tg-width=\"547\" tg-height=\"669\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/1026d63d84ac8f26d8391d7e91317b9e\" tg-width=\"547\" tg-height=\"449\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b9bf6e155cbc281373a8fac78fd3e08b\" tg-width=\"547\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><b>Company Background</b></p><p>Thecompanyoriginally started its business helping customers to improve the smartphone customer experiences for all the users. In recent years, the company has become a much bigger player in the mobile gaming segment and it also helps developers to grow their users and improve the monetization of their apps.</p><p>According to IDC, the company's totalmarket opportunityis estimated to be $189 billion in 2020, growing to $283 billion in 2024, representing a CAGR of 10.6% in this period. This total market size of $184 billion was derived by adding the worldwide total in-app advertising revenue of $101 billion (including gaming and non-gaming in-app display, video, and other advertising, but excluding in-app search advertising) and worldwide direct game spending of $88 billion for 2020.</p><p>AppLovin has invested about $1 billion in 15 acquisitions and partnerships since 2018. It owns more than 200 free-to-play mobile games from 12 studios.AppLovinlaunched a gaming business unit called Lion Studios in July 2018. It also acquired a company called Max in September 2018. Max provides in-app bidding service, which is a type of advertising where mobile publishers can sell their ad inventory in an auction method). AppLovin also owns and operates gaming studios Machine Zone, Belka Games, PeopleFun and Firecraft Studios.</p><p>In February 2021, AppLovin signed an agreement to purchase Adjust for $1 billion (including $598 million in cash and $352 million in convertible securities, and an assumption of up to $40 million in debt). Adjust is a leading mobile app analytics&amp; marketing products company in Germany. Adjust provides tools to prevent mobile advertising fraud and better measure the user base. This acquisition is expected to close in 1H 2021.</p><p>In the IPO prospectus, the company mentioned that it plans to use $75 million of its Class A common shares for charitable purposes. If the company raises $1 billion in the IPO, this would represent nearly 7.5% of total amount. This is a bit unusual to have this large number of shares allocated for charitable purposes. We applaud this move by the CEO and its senior management. Adam Foroughi, the co-founder and CEO of AppLovin, previously co-founded two advertising technology companies, Lifestreet Media Inc. and Social Hour Inc.</p><p><b>AppLovin (Key Metrics)</b></p><p>The table provides the company's key metrics. There has been a strong increase in the monthly active payers which jumped from 0.3 million in 2018 to 1.0 million in 2019 and 1.5 million in 2020. However, the enterprise clients declined from 192 in 2018 to 172 in 2020. The company defines its enterprise clients as third-party business clients from which it has collected more than $125,000 of revenue in the trailing 12 months. Average revenue per monthly active payer increased from $11 in 2018 to $32 in 2019 and $41 in 2020.</p><p>The company's main businesses comprise of its platform and apps. Its platform business mainly includes AppLovin Core Technologies and AppLovin Software. Its apps consist of over 200 free-to-play mobile games in five genres, run by 12 studios including those owned by the company and also those it partners with. The five major game genres offering by the company include casual, hypercasual, match-three, midcore, and card/casino. No single game of the company contributed more than 16% of its total revenue in 2020.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0638b1ba5528bc65ee975156f3bcfd46\" tg-width=\"605\" tg-height=\"225\" referrerpolicy=\"no-referrer\"><span>Source: Company data</span></p><p>The company collects revenue from two sources including business clients and consumers. In 2020, business clients accounted for 49% of total revenue and consumers represented 51% of total revenue.</p><p><b>Business Clients:</b></p><ul><li>The company has a wide range of business clients including Facebook(NASDAQ:FB), Google, and a number of much smaller companies. It had 1,400 business clients at the end of 2020. Nearly 99% of the company's business revenue came from its 172 enterprise clients as of December 31, 2020. The company also had a solid customer retention rate of 118% in 2020 for its enterprise clients.</li><li>AppLovin Software is a comprehensive suite of tools for developers to get their mobile apps discovered and downloaded by the right users, optimize return on marketing spend, and maximize monetization of engagement. AppLovin Software reaches an audience of over 410 million users per day. The company's software solutions provide tools for mobile app developers to expand their businesses by optimizing and automating the marketing and monetization of their apps. Since inception, the company's platform has driven more than 6 billion mobile app installs.</li><li>The company's main software includes AppDiscovery and MAX. Business clients use AppDiscovery to automate, optimize, and manage their app user acquisition investments. They set marketing and user growth goals, and AppDiscovery optimizes their ad spend in an effort to achieve their return on advertising spend targets and other marketing objectives. AppDiscovery comprises the vast majority of revenue from its software.</li><li>Revenue is generated from the advertisers, typically on a performance-based, cost-per-install basis, and shared with the company's advertising publishers, typically on a cost per impression model. Business clients use MAX to optimize purchases of app ad inventory.</li><li>The Compass Analytics tool within MAX provides insights to manage against key performance indicators, understand the long-term value of users, and help manage profitability. Revenue from MAX is generated based on a percentage of client spend. Business clients that purchase advertising inventory from the company's Apps are able to target highly relevant users from its diverse and global portfolio of over 200 mobile games.</li></ul><p><b>Consumers:</b></p><ul><li>The company has also developed and invested in AppLovin Apps, which consist of a globally diversified portfolio of over 200 free-to-play mobile games. These Apps are accessed by nearly 32 million users every day. Consumer revenue is generated when the user of its apps makes an in-app purchase (IAP).</li><li>The company's apps are mostly free-to-play mobile games and generate consumer revenue through in-app purchase of virtual items which are used to enhance gameplay and improve the probabilities of the mobile game progression opportunities.</li><li>During the three months ended December 31, 2020, the company had an average of 2.1 million monthly active payers (MAPs) across its portfolio of apps. Over that period, the company had an average revenue per monthly active payer of $41.</li></ul><p><img src=\"https://static.tigerbbs.com/17a469e7db2359f56bb1fec2388f2826\" tg-width=\"555\" tg-height=\"454\" referrerpolicy=\"no-referrer\"><b>Major Competitors</b></p><p>In the mobile games and other mobile game app related businesses, the major competitors include Unity Software, Activision Blizzard, Tencent Holdings(OTCPK:TCEHY), and Zynga. In the advertising platform business, the company's major competitors include Facebook, Alphabet, and Amazon (AMZN). Many of these companies are also AppLovin's partners and customers. In addition to these mega companies, the company faces competition from thousands of smaller competitors worldwide.</p><p>Balance Sheet and Cash Flow Analysis</p><p>The company has a leveraged balance sheet. Net debt increased from $0.8 billion at the end of 2019 to $1.3 billion at the end of 2020. Net debt to adjusted EBITDA ratio also rose from 260% at the end of 2019 to 315% at the end of 2020. After KKR invested in the company in 2018, it appears that AppLovin was advised to add more leverage and expand the business more aggressively through numerous acquisitions. Through this IPO, the company's balance sheet will become much stronger.</p><p>The company generated positive cash flow from operations and free cash flow in the past two years. Its cash flow from operations and free cash flow averaged $211 million and $207 million, respectively, in 2019 and 2020.</p><p><b>Conclusion</b></p><p>AppLovin is one of the key beneficiaries of the surging growth of game-related mobile apps. Our base case valuation of AppLovin is EV of $35.1 billion, implied market cap of $35.7 billion, and target price per share of $99.8, which is about 17% higher than the high end of the IPO price range. In recent months, some of the major game-related IPOs including Roblox and Unity Software have done really well, although their share prices have come down from their recent highs. AppLovin will likely be compared against these stocks.</p><p>Despite AppLovin's decline in operating margins in 2020 due to higher operating expenses, it is more likely that investors will focus on the company's ability to continue to scale up the business and generate higher sales growth. There remains some uncertainty in terms of how quickly the company is willing to focus on the probability at the expense of lower sales growth. In addition, there are some concerns about the recent weakening sentiment on the tech-related IPOs.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AppLovin: Capitalizing On The Surging Growth Of Mobile Game Apps</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\">\nAppLovin: Capitalizing On The Surging Growth Of Mobile Game Apps\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-13 14:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4418129-applovin-capitalizing-growth-mobile-game-apps><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAppLovin announced its IPO price range of $75 to $85 per share. The company is selling 25 million shares.At the high end of the IPO price range, the company is aiming to raise $2.1 billion, and...</p>\n\n<a href=\"https://seekingalpha.com/article/4418129-applovin-capitalizing-growth-mobile-game-apps\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"APP":"AppLovin Corporation"},"source_url":"https://seekingalpha.com/article/4418129-applovin-capitalizing-growth-mobile-game-apps","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1125635474","content_text":"SummaryAppLovin announced its IPO price range of $75 to $85 per share. The company is selling 25 million shares.At the high end of the IPO price range, the company is aiming to raise $2.1 billion, and it would be valued at $30.4 billion.Our base case valuation of AppLovin is an EV of $35.1 billion, implied market cap of $35.7 billion, and target price per share of $99.8.The company has been a key beneficiary of the surging growth of popular game apps.Despite strong sales growth, its operating margins worsened in 2020 due to higher operating expenses.Investment ThesisAppLovinAppLovin Corporation  is one of the key beneficiaries of the exploding demand for mobile apps, especially for mobile games. The company's sales growth has been surging in recent years as the company has benefited from both organic growth and has been aggressive in making numerous acquisitions in the past three years.Most developers lack access to the marketing, monetization, and data analytics tools required to stand out among the more than 4.8 million mobile apps available on the Apple App Store(NASDAQ:AAPL)and Google Play Store(NASDAQ:GOOG)(NASDAQ:GOOGL). The company's products and services help many app developers to scale up their business and create a successful app that can be sustained long term. This is where the company's capabilities in app development, marketing, and analytics really stand out.There are more than 1.3 million mobile gaming apps on the Apple App Store and Google Play Store.Mobile gamingaccounts for 39% of worldwide app downloads and for 72% of all app store consumer spend by value, according to Sensor Tower.Although the company's operating margins declined in the past two years mainly due to higher operating expenses, we believe that the company's profit margins will turn around this year due to a combination of higher economies of scale and lower operating expenses as a percentage of revenues.Comparable Companies Valuation AnalysisIn the comparable companies valuation analysis, we used the following companies as comps to AppLovin:Unity Software (U)Roblox Corp. (RBLX)Activision Blizzard (ATVI)Zynga (ZNGA)Our base case valuation of AppLovin is an EV of $35.1 billion, implied market cap of $35.7 billion, and implied target price per share of $99.8. This represents 17% upside from the high end of the IPO price range of $85. We have a POSITIVE view of the AppLovin IPO.Our base case valuation of AppLovin is based on a 16x EV/S multiple (using 2021 sales estimate), which represents a 10% higher than the average EV/S multiple of the comps. It is also below the EV/S multiple of Unity Software and Roblox which trade at EV/S multiple of 26.8x and 19.2x, respectively.The comps' average sales growth in 2020 and 2021 are similar to the sales growth rates of AppLovin in this period. Among the comps, Roblox has the highest sales growth and Activision has the lowest sales growth in 2020 and 2021. Overall, we have assumed higher sales growth for AppLovin versus its peers in 2021 and 2022 and this is one of main reasons why we have applied a 10% higher valuation multiple than the comps.However, Roblox is trading at 19.2x EV/S in 2021 and we have applied a 16x EV/S multiple for AppLovin (17% lower valuation multiple than Roblox). We believe the market will attach a slightly higher valuation multiple for Roblox than AppLovin, mainly due to the former company's higher sales growth and operating margins in 2021, and its brand is more recognized worldwide.Income Statement ForecastAppLovin generated sales of $1,451.1 million and an operating loss of $62.1 million in 2020. The company's sales have nearly tripled from 2018 to 2020. The company's operating margins declined from 50.1% in 2018 to 19.5% in 2019 and -4.3% in 2020. The major reasons for the lower operating margins are due to higher cost of sales, sales & marketing, R&D, and other operating expenses as a percentage of sales.We estimate AppLovin to generate sales of $2.2 billion (up 51% YoY) and an operating profit of $65.2 million in 2021. From 2020 to 2025, we have assumed the company's sales to grow at a CAGR of 28.6%. We have also assumed the company's operating margin to turn positive to 3% in 2021 from -4.3% in 2020. We estimate its operating margins to improve further to 6.8% in 2022, 10.6% in 2023, and 17.8% in 2025. We estimate AppLovin to have sales of $5.1 billion and an operating profit of $0.9 billion in 2025.Company BackgroundThecompanyoriginally started its business helping customers to improve the smartphone customer experiences for all the users. In recent years, the company has become a much bigger player in the mobile gaming segment and it also helps developers to grow their users and improve the monetization of their apps.According to IDC, the company's totalmarket opportunityis estimated to be $189 billion in 2020, growing to $283 billion in 2024, representing a CAGR of 10.6% in this period. This total market size of $184 billion was derived by adding the worldwide total in-app advertising revenue of $101 billion (including gaming and non-gaming in-app display, video, and other advertising, but excluding in-app search advertising) and worldwide direct game spending of $88 billion for 2020.AppLovin has invested about $1 billion in 15 acquisitions and partnerships since 2018. It owns more than 200 free-to-play mobile games from 12 studios.AppLovinlaunched a gaming business unit called Lion Studios in July 2018. It also acquired a company called Max in September 2018. Max provides in-app bidding service, which is a type of advertising where mobile publishers can sell their ad inventory in an auction method). AppLovin also owns and operates gaming studios Machine Zone, Belka Games, PeopleFun and Firecraft Studios.In February 2021, AppLovin signed an agreement to purchase Adjust for $1 billion (including $598 million in cash and $352 million in convertible securities, and an assumption of up to $40 million in debt). Adjust is a leading mobile app analytics& marketing products company in Germany. Adjust provides tools to prevent mobile advertising fraud and better measure the user base. This acquisition is expected to close in 1H 2021.In the IPO prospectus, the company mentioned that it plans to use $75 million of its Class A common shares for charitable purposes. If the company raises $1 billion in the IPO, this would represent nearly 7.5% of total amount. This is a bit unusual to have this large number of shares allocated for charitable purposes. We applaud this move by the CEO and its senior management. Adam Foroughi, the co-founder and CEO of AppLovin, previously co-founded two advertising technology companies, Lifestreet Media Inc. and Social Hour Inc.AppLovin (Key Metrics)The table provides the company's key metrics. There has been a strong increase in the monthly active payers which jumped from 0.3 million in 2018 to 1.0 million in 2019 and 1.5 million in 2020. However, the enterprise clients declined from 192 in 2018 to 172 in 2020. The company defines its enterprise clients as third-party business clients from which it has collected more than $125,000 of revenue in the trailing 12 months. Average revenue per monthly active payer increased from $11 in 2018 to $32 in 2019 and $41 in 2020.The company's main businesses comprise of its platform and apps. Its platform business mainly includes AppLovin Core Technologies and AppLovin Software. Its apps consist of over 200 free-to-play mobile games in five genres, run by 12 studios including those owned by the company and also those it partners with. The five major game genres offering by the company include casual, hypercasual, match-three, midcore, and card/casino. No single game of the company contributed more than 16% of its total revenue in 2020.Source: Company dataThe company collects revenue from two sources including business clients and consumers. In 2020, business clients accounted for 49% of total revenue and consumers represented 51% of total revenue.Business Clients:The company has a wide range of business clients including Facebook(NASDAQ:FB), Google, and a number of much smaller companies. It had 1,400 business clients at the end of 2020. Nearly 99% of the company's business revenue came from its 172 enterprise clients as of December 31, 2020. The company also had a solid customer retention rate of 118% in 2020 for its enterprise clients.AppLovin Software is a comprehensive suite of tools for developers to get their mobile apps discovered and downloaded by the right users, optimize return on marketing spend, and maximize monetization of engagement. AppLovin Software reaches an audience of over 410 million users per day. The company's software solutions provide tools for mobile app developers to expand their businesses by optimizing and automating the marketing and monetization of their apps. Since inception, the company's platform has driven more than 6 billion mobile app installs.The company's main software includes AppDiscovery and MAX. Business clients use AppDiscovery to automate, optimize, and manage their app user acquisition investments. They set marketing and user growth goals, and AppDiscovery optimizes their ad spend in an effort to achieve their return on advertising spend targets and other marketing objectives. AppDiscovery comprises the vast majority of revenue from its software.Revenue is generated from the advertisers, typically on a performance-based, cost-per-install basis, and shared with the company's advertising publishers, typically on a cost per impression model. Business clients use MAX to optimize purchases of app ad inventory.The Compass Analytics tool within MAX provides insights to manage against key performance indicators, understand the long-term value of users, and help manage profitability. Revenue from MAX is generated based on a percentage of client spend. Business clients that purchase advertising inventory from the company's Apps are able to target highly relevant users from its diverse and global portfolio of over 200 mobile games.Consumers:The company has also developed and invested in AppLovin Apps, which consist of a globally diversified portfolio of over 200 free-to-play mobile games. These Apps are accessed by nearly 32 million users every day. Consumer revenue is generated when the user of its apps makes an in-app purchase (IAP).The company's apps are mostly free-to-play mobile games and generate consumer revenue through in-app purchase of virtual items which are used to enhance gameplay and improve the probabilities of the mobile game progression opportunities.During the three months ended December 31, 2020, the company had an average of 2.1 million monthly active payers (MAPs) across its portfolio of apps. Over that period, the company had an average revenue per monthly active payer of $41.Major CompetitorsIn the mobile games and other mobile game app related businesses, the major competitors include Unity Software, Activision Blizzard, Tencent Holdings(OTCPK:TCEHY), and Zynga. In the advertising platform business, the company's major competitors include Facebook, Alphabet, and Amazon (AMZN). Many of these companies are also AppLovin's partners and customers. In addition to these mega companies, the company faces competition from thousands of smaller competitors worldwide.Balance Sheet and Cash Flow AnalysisThe company has a leveraged balance sheet. Net debt increased from $0.8 billion at the end of 2019 to $1.3 billion at the end of 2020. Net debt to adjusted EBITDA ratio also rose from 260% at the end of 2019 to 315% at the end of 2020. After KKR invested in the company in 2018, it appears that AppLovin was advised to add more leverage and expand the business more aggressively through numerous acquisitions. Through this IPO, the company's balance sheet will become much stronger.The company generated positive cash flow from operations and free cash flow in the past two years. Its cash flow from operations and free cash flow averaged $211 million and $207 million, respectively, in 2019 and 2020.ConclusionAppLovin is one of the key beneficiaries of the surging growth of game-related mobile apps. Our base case valuation of AppLovin is EV of $35.1 billion, implied market cap of $35.7 billion, and target price per share of $99.8, which is about 17% higher than the high end of the IPO price range. In recent months, some of the major game-related IPOs including Roblox and Unity Software have done really well, although their share prices have come down from their recent highs. AppLovin will likely be compared against these stocks.Despite AppLovin's decline in operating margins in 2020 due to higher operating expenses, it is more likely that investors will focus on the company's ability to continue to scale up the business and generate higher sales growth. There remains some uncertainty in terms of how quickly the company is willing to focus on the probability at the expense of lower sales growth. In addition, there are some concerns about the recent weakening sentiment on the tech-related IPOs.","news_type":1},"isVote":1,"tweetType":1,"viewCount":325,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340974934,"gmtCreate":1617335028128,"gmtModify":1704698925225,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Buy tesla","listText":"Buy tesla","text":"Buy tesla","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/340974934","repostId":"1107632651","repostType":4,"isVote":1,"tweetType":1,"viewCount":309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340975162,"gmtCreate":1617334917556,"gmtModify":1704698924406,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"True that","listText":"True that","text":"True that","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/340975162","repostId":"1156812578","repostType":4,"isVote":1,"tweetType":1,"viewCount":335,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357802266,"gmtCreate":1617253151255,"gmtModify":1704697846723,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/357802266","repostId":"1138291357","repostType":4,"repost":{"id":"1138291357","kind":"news","pubTimestamp":1617248516,"share":"https://ttm.financial/m/news/1138291357?lang=&edition=fundamental","pubTime":"2021-04-01 11:41","market":"us","language":"en","title":"Biden Infrastructure Plan Could Be Boon For These EV Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1138291357","media":"yahoo","summary":"The plan, which the president will unveil today in Pittsburgh, also includes an initiative on renewable energy and the electric grid as part of a broad goal to supercharge the economy and fight climate change.In particular, it earmarks $174 billion for electric-vehicle efforts, such as EV rebates, charging ports and electric school buses.Biden's plan will \"enable automakers to spur domestic supply chains from raw materials to parts, retool factories to compete globally and support American worke","content":"<p>President Joe Biden's $2.5 trillion infrastructure plan calls for massive investments in electric vehicles and related technologies, a potential boon for EV stocks like<b>Tesla</b>(TSLA) as well as charging station operators<b>ChargePoint</b>(CHPT) and<b>Blink Charging</b>(BLNK).</p><p>The plan, which the president will unveil today in Pittsburgh, also includes an initiative on renewable energy and the electric grid as part of a broad goal to supercharge the economy and fight climate change.</p><p>In particular, it earmarks $174 billion for electric-vehicle efforts, such as EV rebates, charging ports and electric school buses.</p><p>Biden's plan will \"enable automakers to spur domestic supply chains from raw materials to parts, retool factories to compete globally and support American workers to make batteries and EVs,\" according to afact sheeton WhiteHouse.gov.</p><p>EV Stocks: Tax Credit Benefits</p><p>Biden is asking Congress to keep tax incentives that encourage motorists and add point-of-sale rebates to buy EVs. Currently, consumers can claim tax credits of as much as $7,500 when they buy an electric car.</p><p>But Tesla and<b>General Motors</b>(GM) have already passed the 200,000 limit at which point carmakers no longer qualify for the rebates.</p><p>Wedbush analyst Daniel Ives says he expects the ceiling will be lifted. He adds that an expansion of the tax credits to the $10,000 range or potentially higher in a tiered system is possible.</p><p>EV Initiatives: Infrastructure</p><p>There are about 41,400 EV charging stations in the U.S., according to the Department of Energy, though one station can have multiple ports that can serve several cars at a time. That compares with more than 136,400 gas stations, according to GasBuddy.</p><p>Biden's plan will establish grant and incentive programs for state and local governments and the private sector to build a national network of 500,000 EV chargers by 2030.</p><p>Ives calls this part of the plan a linchpin of these EV initiatives. \"Today there are roughly 100,000 public charging ports with another 300,000/400,000 needed over the next decade to support this groundswell EV green tidal wave for consumers/trucking.\"</p><p>Biden's plan also calls for the replacement of 50,000 diesel transit vehicles and electrification of at least 20% of school buses. It looks to also electrify the federal fleet, including the United States Postal Service.</p><p>EV Stocks</p><p>Tesla jumped 5.1% to 667.93 on thestock market today. TSLA stock has lost more than a quarter of its value since skyrocketing to an all-time high of 900.40 intraday on Jan. 25.</p><p>The company is also expected to report Q4 deliveries later this week. Wall Street expects deliveries of 174,000 vehicles.</p><p>Meanwhile, ChargePoint surged 19%. Blink Charging stock soared 11. And<b>Climate Change Crisis Rea</b>l (CLII), a blank check company that is taking EVgo public, rose 3%.</p><p>But legacy auto giants making a big push in EVs were down.GM stockslipped 1.8%,<b>Ford</b>(F) fell 1.7%, and German automaker<b>Volkswagen</b>(VWAGY) sank 3.8%.</p><p>Even newly public EV stocks were relatively muted.<b>Canoo</b>(GOEV) fell 2.9%,<b>Lordstown</b>(RIDE) rose 1.6%, and<b>Fisker</b>(FSR) advanced 3%.</p>","source":"lsy1584348713084","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>Biden Infrastructure Plan Could Be Boon For These EV Stocks</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\">\nBiden Infrastructure Plan Could Be Boon For These EV Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-01 11:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/ev-stocks-winner-biden-infrastructure-plan-174-billion-investment/?src=A00220><strong>yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>President Joe Biden's $2.5 trillion infrastructure plan calls for massive investments in electric vehicles and related technologies, a potential boon for EV stocks likeTesla(TSLA) as well as charging ...</p>\n\n<a href=\"https://www.investors.com/news/ev-stocks-winner-biden-infrastructure-plan-174-billion-investment/?src=A00220\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOEV":"Canoo Inc.","F":"福特汽车","TSLA":"特斯拉","VWAGY":"大众汽车ADR","BLNK":"Blink Charging","CHPT":"ChargePoint Holdings Inc."},"source_url":"https://www.investors.com/news/ev-stocks-winner-biden-infrastructure-plan-174-billion-investment/?src=A00220","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138291357","content_text":"President Joe Biden's $2.5 trillion infrastructure plan calls for massive investments in electric vehicles and related technologies, a potential boon for EV stocks likeTesla(TSLA) as well as charging station operatorsChargePoint(CHPT) andBlink Charging(BLNK).The plan, which the president will unveil today in Pittsburgh, also includes an initiative on renewable energy and the electric grid as part of a broad goal to supercharge the economy and fight climate change.In particular, it earmarks $174 billion for electric-vehicle efforts, such as EV rebates, charging ports and electric school buses.Biden's plan will \"enable automakers to spur domestic supply chains from raw materials to parts, retool factories to compete globally and support American workers to make batteries and EVs,\" according to afact sheeton WhiteHouse.gov.EV Stocks: Tax Credit BenefitsBiden is asking Congress to keep tax incentives that encourage motorists and add point-of-sale rebates to buy EVs. Currently, consumers can claim tax credits of as much as $7,500 when they buy an electric car.But Tesla andGeneral Motors(GM) have already passed the 200,000 limit at which point carmakers no longer qualify for the rebates.Wedbush analyst Daniel Ives says he expects the ceiling will be lifted. He adds that an expansion of the tax credits to the $10,000 range or potentially higher in a tiered system is possible.EV Initiatives: InfrastructureThere are about 41,400 EV charging stations in the U.S., according to the Department of Energy, though one station can have multiple ports that can serve several cars at a time. That compares with more than 136,400 gas stations, according to GasBuddy.Biden's plan will establish grant and incentive programs for state and local governments and the private sector to build a national network of 500,000 EV chargers by 2030.Ives calls this part of the plan a linchpin of these EV initiatives. \"Today there are roughly 100,000 public charging ports with another 300,000/400,000 needed over the next decade to support this groundswell EV green tidal wave for consumers/trucking.\"Biden's plan also calls for the replacement of 50,000 diesel transit vehicles and electrification of at least 20% of school buses. It looks to also electrify the federal fleet, including the United States Postal Service.EV StocksTesla jumped 5.1% to 667.93 on thestock market today. TSLA stock has lost more than a quarter of its value since skyrocketing to an all-time high of 900.40 intraday on Jan. 25.The company is also expected to report Q4 deliveries later this week. Wall Street expects deliveries of 174,000 vehicles.Meanwhile, ChargePoint surged 19%. Blink Charging stock soared 11. AndClimate Change Crisis Real (CLII), a blank check company that is taking EVgo public, rose 3%.But legacy auto giants making a big push in EVs were down.GM stockslipped 1.8%,Ford(F) fell 1.7%, and German automakerVolkswagen(VWAGY) sank 3.8%.Even newly public EV stocks were relatively muted.Canoo(GOEV) fell 2.9%,Lordstown(RIDE) rose 1.6%, andFisker(FSR) advanced 3%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357802841,"gmtCreate":1617253136083,"gmtModify":1704697846228,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/357802841","repostId":"1129134980","repostType":4,"repost":{"id":"1129134980","kind":"news","pubTimestamp":1617247901,"share":"https://ttm.financial/m/news/1129134980?lang=&edition=fundamental","pubTime":"2021-04-01 11:31","market":"us","language":"en","title":"Hong Kong Hit by Dozens of Trading Halts After Earnings Deadline","url":"https://stock-news.laohu8.com/highlight/detail?id=1129134980","media":"Bloomberg","summary":"(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a","content":"<p>(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a number of firms failed to report earnings ahead of the March 31 deadline.</p>\n<p>The mass suspensions come as March 31 was the last day to report annual results for Hong Kong-listed companies. GCL-Poly Energy Holdings Ltd. and China Huarong Asset Management were among the firms that announced a trading halt. At least 9 Hong Kong companies suspended trading on April 1 of last year, versus about 25 on the same day in 2019.</p>\n<p>“It’s a bit surprising to me that so many firms delayed their earnings and most of their filings didn’t explain very clearly,” said Daniel So, a strategist at CMB International Securities Ltd. “This year surprisingly there are so many delays, much more than last year when the pandemic hit. The longer they delay in reporting earnings, the worse it will be for their share prices.”</p>\n<p>Trading halts may dampen investor sentiment toward Hong Kong’s stock market, where the benchmark gauge briefly slumped into a technical correction late last month amid setbacks in vaccine rollouts and as traders rushed to sell pricey stocks in the wake of rising bond yields.</p>\n<p>“Many investors could be worried about their earnings and quality of reports,” So of CMB International said. “If they report quickly and the audit report doesn’t have a negative opinion on those companies, it should be fine.”</p>\n<p>China Huarong said it will delay delivering its earnings as it seeks to complete a transaction. The manager of bad loans said its auditor will need more time as a transaction is still being finalized, according to a company filing. The firm’s bonds slumped.</p>\n<p>Yuzhou Group Holdings Co., a Chinese real estate firm, said on Tuesday that its auditor Ernst &amp; Young’s “strict” accounting standards were partly behind a collapse in the company’s profit last year. The stock slumped more than 7% in Hong Kong on Thursday, adding to its 7.9% slide from the previous session.</p>\n<p>The trading halts come as the China Securities Regulatory Commission vowed to advance cooperation on cross-border auditing earlier this year in a statement on its work plan for 2021. The CSRC said it would set up cross-department work groups to strengthen crackdowns on illegal behaviors including frauds in IPOs and financial reporting, market manipulation.</p>\n<p>Last year, almost all companies listed in Hong Kong were able to provide an earnings update to investors ahead of the March 31 deadline, overcoming difficulties posed by travel restrictions and an economic lockdown following the outbreak of the coronavirus.</p>\n<p>The Hang Seng Index climbed 1% as of 10:32 a.m. local time, tracking a broad rally in Asian stocks stoked by optimism over U.S. President Joe Biden’s $2.25 trillion infrastructure plan.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Hit by Dozens of Trading Halts After Earnings Deadline</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\">\nHong Kong Hit by Dozens of Trading Halts After Earnings Deadline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-01 11:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-01/trading-halted-in-over-50-h-k-stocks-after-earnings-deadline?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a number of firms failed to report earnings ahead of the March 31 deadline.\nThe mass suspensions come...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-01/trading-halted-in-over-50-h-k-stocks-after-earnings-deadline?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-04-01/trading-halted-in-over-50-h-k-stocks-after-earnings-deadline?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129134980","content_text":"(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a number of firms failed to report earnings ahead of the March 31 deadline.\nThe mass suspensions come as March 31 was the last day to report annual results for Hong Kong-listed companies. GCL-Poly Energy Holdings Ltd. and China Huarong Asset Management were among the firms that announced a trading halt. At least 9 Hong Kong companies suspended trading on April 1 of last year, versus about 25 on the same day in 2019.\n“It’s a bit surprising to me that so many firms delayed their earnings and most of their filings didn’t explain very clearly,” said Daniel So, a strategist at CMB International Securities Ltd. “This year surprisingly there are so many delays, much more than last year when the pandemic hit. The longer they delay in reporting earnings, the worse it will be for their share prices.”\nTrading halts may dampen investor sentiment toward Hong Kong’s stock market, where the benchmark gauge briefly slumped into a technical correction late last month amid setbacks in vaccine rollouts and as traders rushed to sell pricey stocks in the wake of rising bond yields.\n“Many investors could be worried about their earnings and quality of reports,” So of CMB International said. “If they report quickly and the audit report doesn’t have a negative opinion on those companies, it should be fine.”\nChina Huarong said it will delay delivering its earnings as it seeks to complete a transaction. The manager of bad loans said its auditor will need more time as a transaction is still being finalized, according to a company filing. The firm’s bonds slumped.\nYuzhou Group Holdings Co., a Chinese real estate firm, said on Tuesday that its auditor Ernst & Young’s “strict” accounting standards were partly behind a collapse in the company’s profit last year. The stock slumped more than 7% in Hong Kong on Thursday, adding to its 7.9% slide from the previous session.\nThe trading halts come as the China Securities Regulatory Commission vowed to advance cooperation on cross-border auditing earlier this year in a statement on its work plan for 2021. The CSRC said it would set up cross-department work groups to strengthen crackdowns on illegal behaviors including frauds in IPOs and financial reporting, market manipulation.\nLast year, almost all companies listed in Hong Kong were able to provide an earnings update to investors ahead of the March 31 deadline, overcoming difficulties posed by travel restrictions and an economic lockdown following the outbreak of the coronavirus.\nThe Hang Seng Index climbed 1% as of 10:32 a.m. local time, tracking a broad rally in Asian stocks stoked by optimism over U.S. President Joe Biden’s $2.25 trillion infrastructure plan.","news_type":1},"isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352418461,"gmtCreate":1616992694853,"gmtModify":1704800542477,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Hmms","listText":"Hmms","text":"Hmms","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/352418461","repostId":"2123805812","repostType":4,"repost":{"id":"2123805812","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":1616988049,"share":"https://ttm.financial/m/news/2123805812?lang=&edition=fundamental","pubTime":"2021-03-29 11:20","market":"us","language":"en","title":"Fire at Pertamina's Balongon oil refinery will not impact operations -CEO","url":"https://stock-news.laohu8.com/highlight/detail?id=2123805812","media":"Reuters","summary":"JAKARTA, March 29 (Reuters) - A fire at the Balongon oil refinery operated by state-owned oil and ga","content":"<p>JAKARTA, March 29 (Reuters) - A fire at the Balongon oil refinery operated by state-owned oil and gas company PT Pertamina has not damaged the refinery’s processing capabilities, Pertamina Chief Executive Officer Nicke Widyawati told a news conference on Monday.</p><p>The blaze that broke out in the early hours of Monday, injuring five and forcing 950 residents to evacuate was focused on the refinery’s tanks, with no damage to the processing plant, Widyawati told reporters.</p><p>While the refinery was shut down to fight the fire, the company said there it hoped operations could return to normal in the next five days.</p><p>(Reporting by Fransiska Nangoy and Bernadette Christina Munthe; Writing by Kate Lamb; Editing by Christian Schmollinger)</p><p>((Kate.Lamb@thomsonreuters.com;))</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>Fire at Pertamina's Balongon oil refinery will not impact operations -CEO</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\">\nFire at Pertamina's Balongon oil refinery will not impact operations -CEO\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-03-29 11:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>JAKARTA, March 29 (Reuters) - A fire at the Balongon oil refinery operated by state-owned oil and gas company PT Pertamina has not damaged the refinery’s processing capabilities, Pertamina Chief Executive Officer Nicke Widyawati told a news conference on Monday.</p><p>The blaze that broke out in the early hours of Monday, injuring five and forcing 950 residents to evacuate was focused on the refinery’s tanks, with no damage to the processing plant, Widyawati told reporters.</p><p>While the refinery was shut down to fight the fire, the company said there it hoped operations could return to normal in the next five days.</p><p>(Reporting by Fransiska Nangoy and Bernadette Christina Munthe; Writing by Kate Lamb; Editing by Christian Schmollinger)</p><p>((Kate.Lamb@thomsonreuters.com;))</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6f19e210e446cb12c51ea3dda5572ab6","relate_stocks":{"UCO":"二倍做多彭博原油ETF","DGAZ":"三倍做空天然气ETN(VelocityShares)","UNG":"美国天然气基金","UGAZ":"三倍做多天然气ETN(VelocityShares)","USO":"美国原油ETF","DWT":"三倍做空原油ETN","DUG":"二倍做空石油与天然气ETF(ProShares)","SCO":"二倍做空彭博原油指数ETF","DDG":"ProShares做空石油与天然气ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2123805812","content_text":"JAKARTA, March 29 (Reuters) - A fire at the Balongon oil refinery operated by state-owned oil and gas company PT Pertamina has not damaged the refinery’s processing capabilities, Pertamina Chief Executive Officer Nicke Widyawati told a news conference on Monday.The blaze that broke out in the early hours of Monday, injuring five and forcing 950 residents to evacuate was focused on the refinery’s tanks, with no damage to the processing plant, Widyawati told reporters.While the refinery was shut down to fight the fire, the company said there it hoped operations could return to normal in the next five days.(Reporting by Fransiska Nangoy and Bernadette Christina Munthe; Writing by Kate Lamb; Editing by Christian Schmollinger)((Kate.Lamb@thomsonreuters.com;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":82,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352418609,"gmtCreate":1616992678601,"gmtModify":1704800540694,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/352418609","repostId":"2123280841","repostType":4,"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353376662,"gmtCreate":1616465490056,"gmtModify":1704794435593,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Lol","listText":"Lol","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/353376662","repostId":"2121108793","repostType":4,"repost":{"id":"2121108793","kind":"news","pubTimestamp":1616459529,"share":"https://ttm.financial/m/news/2121108793?lang=&edition=fundamental","pubTime":"2021-03-23 08:32","market":"us","language":"en","title":"Tencent Music to start new record label in China with Warner Music","url":"https://stock-news.laohu8.com/highlight/detail?id=2121108793","media":"Reuters","summary":"March 22 (Reuters) - Tencent Music Entertainment Group said on Monday it will create a joint venture","content":"<p>March 22 (Reuters) - Tencent Music Entertainment Group said on Monday it will create a joint venture record label with Warner Music in China, after reporting better-than-expected revenue on higher subscriptions in the fourth quarter.</p>\n<p>The Chinese music streaming platform also signed an extended multi-year licensing agreement with the U.S. music label. The deal can help Tencent, which owns a stake in Universal Music Group, add more exclusive content.</p>\n<p>People looking for a variety of entertainment, while stuck at home during the COVID-19 pandemic, joined music streaming platforms such as Tencent and Spotify to drive away boredom. This helped Tencent Music's fourth quarter as it added more paying users.</p>\n<p>Revenue rose 14.3% to 8.34 billion yuan ($1.28 billion) in the quarter from a year earlier, beating estimates of 8.33 billion yuan. The sales were boosted by a 40.4% jump to 56 million paid subscribers in the company's online music service.</p>\n<p>Most of Tencent Music's users are in its music streaming unit, but the biggest revenue drivers are social entertainment services, including karaoke platforms, where users can live stream concerts and shows. Revenue from social entertainment services and others grew 8.2% to 5.58 billion yuan.</p>\n<p>Excluding items, the company earned 80 yuan per American Depository Share (ADS), missing analysts' average estimate of 81 yuan per ADS, according to IBES data from Refinitiv .</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tencent Music to start new record label in China with Warner Music</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\">\nTencent Music to start new record label in China with Warner Music\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-23 08:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/1-tencent-music-quarterly-revenue-202606101.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>March 22 (Reuters) - Tencent Music Entertainment Group said on Monday it will create a joint venture record label with Warner Music in China, after reporting better-than-expected revenue on higher ...</p>\n\n<a href=\"https://finance.yahoo.com/news/1-tencent-music-quarterly-revenue-202606101.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1b5d8d4cb7087d45347051dcb9d97a0e","relate_stocks":{"TME":"腾讯音乐"},"source_url":"https://finance.yahoo.com/news/1-tencent-music-quarterly-revenue-202606101.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2121108793","content_text":"March 22 (Reuters) - Tencent Music Entertainment Group said on Monday it will create a joint venture record label with Warner Music in China, after reporting better-than-expected revenue on higher subscriptions in the fourth quarter.\nThe Chinese music streaming platform also signed an extended multi-year licensing agreement with the U.S. music label. The deal can help Tencent, which owns a stake in Universal Music Group, add more exclusive content.\nPeople looking for a variety of entertainment, while stuck at home during the COVID-19 pandemic, joined music streaming platforms such as Tencent and Spotify to drive away boredom. This helped Tencent Music's fourth quarter as it added more paying users.\nRevenue rose 14.3% to 8.34 billion yuan ($1.28 billion) in the quarter from a year earlier, beating estimates of 8.33 billion yuan. The sales were boosted by a 40.4% jump to 56 million paid subscribers in the company's online music service.\nMost of Tencent Music's users are in its music streaming unit, but the biggest revenue drivers are social entertainment services, including karaoke platforms, where users can live stream concerts and shows. Revenue from social entertainment services and others grew 8.2% to 5.58 billion yuan.\nExcluding items, the company earned 80 yuan per American Depository Share (ADS), missing analysts' average estimate of 81 yuan per ADS, according to IBES data from Refinitiv .","news_type":1},"isVote":1,"tweetType":1,"viewCount":549,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3554971279962368","authorId":"3554971279962368","name":"shaunlohloh","avatar":"https://static.tigerbbs.com/d9417d251e570e152139797ec05b5914","crmLevel":5,"crmLevelSwitch":1,"idStr":"3554971279962368","authorIdStr":"3554971279962368"},"content":"Pls comment on this comment thank you ?","text":"Pls comment on this comment thank you ?","html":"Pls comment on this comment thank you ?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353376897,"gmtCreate":1616465475419,"gmtModify":1704794435929,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/353376897","repostId":"2121171064","repostType":4,"isVote":1,"tweetType":1,"viewCount":149,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323431430,"gmtCreate":1615366075920,"gmtModify":1704781696339,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323431430","repostId":"1140398434","repostType":4,"repost":{"id":"1140398434","kind":"news","pubTimestamp":1615349081,"share":"https://ttm.financial/m/news/1140398434?lang=&edition=fundamental","pubTime":"2021-03-10 12:04","market":"us","language":"en","title":"Tech bounces back — Here's what analysts say investors should watch","url":"https://stock-news.laohu8.com/highlight/detail?id=1140398434","media":"cnbc","summary":"Tech stocks led a market rallyon Tuesday asbond yields declined.\nThe tech-heavyNasdaq 100rallied mor","content":"<div>\n<p>Tech stocks led a market rallyon Tuesday asbond yields declined.\nThe tech-heavyNasdaq 100rallied more than 4% in its best day since early November.\nHere's what market experts said about the move.\nMike...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/09/tech-stocks-bounce-back-what-experts-say-investors-should-watch.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech bounces back — Here's what analysts say investors should watch</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\">\nTech bounces back — Here's what analysts say investors should watch\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 12:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/09/tech-stocks-bounce-back-what-experts-say-investors-should-watch.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech stocks led a market rallyon Tuesday asbond yields declined.\nThe tech-heavyNasdaq 100rallied more than 4% in its best day since early November.\nHere's what market experts said about the move.\nMike...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/09/tech-stocks-bounce-back-what-experts-say-investors-should-watch.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.cnbc.com/2021/03/09/tech-stocks-bounce-back-what-experts-say-investors-should-watch.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1140398434","content_text":"Tech stocks led a market rallyon Tuesday asbond yields declined.\nThe tech-heavyNasdaq 100rallied more than 4% in its best day since early November.\nHere's what market experts said about the move.\nMike Wilson, chief investment officer at Morgan Stanley, said recent weakness afflicted highly valued stocks, not just tech.\n\"It's not tech per se. It's expensive stocks, and some of those happen to be in the tech bucket. There's also expensive stocks in biotech, and there's expensive stocks even in nontech groups. And what's really changed in the last two or three months is that the bond market has woken up to the idea that actually the back end is going to move out, and so the narrative three months ago was that 'rates can't go up, they won't go up, the Fed won't let it happen.' But here we are, 1.5%, 1.6% [for the 10-year]. And so now the equity market is accepting this idea that it was inevitable. And we're adjusting. So I don't think this is the end of the bull market or the end of tech stocks per se, but it was an adjustment that was very necessary.\"\nDavid Kostin, chief U.S. equity strategist at Goldman Sachs, said tech is still a longer-term bet.\n\"The issue really is what's happening on the margin. We have huge fiscal stimulus coming, likely to be signed in the next day or so. We're likely to have very significant improvement in the vaccination process, more than 2 million people a day. So those things are about nearer-term activity, and that really does benefit an improvement of business fundamentals for some of the near-term, more cyclical-related stocks in the recovery trade, if you will. So if you want to think about longer term, sure, technology, secular growth, those are definitely tapping into some of the evolutions in what's happening in the economy, but near term, tactically it's likely to be cyclical.\"\nJim Grant, founder and editor of Grant's Interest Rate Observer, broke down the bond market.\n\"We have been in a 40-year bull market in bonds. Almost no one living on Wall Street today has any recollection of interest rates rising. We are predisposed to assume that rates go down, that seems natural. ... They are remarkably low when adjusted for inflation. As measured since 1962, as a saver, you'd get over 2.5 almost percentage points of real inflation-adjusted yield by owning the 10-year Treasury. Today you get exactly no real interest. ... So the value proposition for the 10-year Treasury, to me, is absolutely barren. There's nothing to be said as an investment for them.\"\nGabriela Santos, global market strategist at JPMorgan Asset Management, said it all comes back to earnings.\n\"I think one of the points we make is we're coming into this year with a much better outlook but with stretched valuations. So returns this year are really going to come from the change in earnings, and it's really the cyclical parts of the market that will see the biggest delta in earnings this year versus last year. Those are the kind of sectors that can absorb rising yields, that can really tap into this improvement in the economy. So just an example, financials will see a 40 percentage-point change in earnings, consumer discretionary 70 percentage points. If we look at health care, only 2 percentage points. Tech only 10%. So that's the reason why these rising bond yields related to rising growth benefits these more cyclical parts of the market.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":218,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":367892026,"gmtCreate":1614932391365,"gmtModify":1704777107368,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Uh","listText":"Uh","text":"Uh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/367892026","repostId":"1166957106","repostType":4,"repost":{"id":"1166957106","kind":"news","pubTimestamp":1614927114,"share":"https://ttm.financial/m/news/1166957106?lang=&edition=fundamental","pubTime":"2021-03-05 14:51","market":"us","language":"en","title":"Tesla Should Sell Its Bitcoin and Buy Back Shares To Create 'Positive Momentum,' Says Analyst","url":"https://stock-news.laohu8.com/highlight/detail?id=1166957106","media":"Benzinga","summary":"Tesla Inc TSLA 4.86% could create a “positive momentum” if its sold its Bitcoin holdings and initiated a buyback of its stock, according to Gary Black, a private investor and former CEO of Aegon Asset Management.What Happened: Black aired his views on social media Thursday in a series of tweets.“Imagine the positive momentum [Tesla] would create if they announced the sale of their [Bitcoin] position, and authorized a [Tesla] stock buyback instead.”wroteBlack.The investor acknowledged that the pr","content":"<p><b>Tesla Inc</b>&nbsp;TSLA 4.86%&nbsp;could create a “positive momentum” if its sold its&nbsp;<b>Bitcoin</b>(CRYPTO: BTC) holdings and initiated a buyback of its stock, according to Gary Black, a private investor and former CEO of Aegon Asset Management.</p><p><b>What Happened:</b>&nbsp;Black aired his views on social media Thursday in a series of tweets.</p><p>“Imagine the positive momentum [Tesla] would create if they announced the sale of their [Bitcoin] position, and authorized a [Tesla] stock buyback instead.”wroteBlack.</p><p>The investor acknowledged that the prospect was “unlikely” but shareholders would support such a move.</p><blockquote>Investors who say#btchas less risk than govt bonds or gold haven’t done their research. Govt bonds have ~2% risk, defined as monthly volatility of returns. Gold ~3% risk. US equities ~6% risk.#btchas ~20% risk, further out on the risk curve than almost any other asset class.pic.twitter.com/OjMyWYU0Oa&nbsp;&nbsp;— Gary Black (@garyblack00)March 4, 2021</blockquote><p>Accordingto Black, if you asked 100 institutional investors in the Elon Musk-led company if they would prefer to invest $1.5 billion of excess cash in BTC or in Tesla stock, 95/100 would choose the stock.</p><p><b>Why It Matters:</b>&nbsp;Black isn’t the only analyst crying foul over Tesla’s investment in BTC. Last month, GLJ Research analyst Gordon Johnson said the automaker had “run out of viable internal uses” of its capital.</p><p>“We see this as a sign of desperation from a CEO whose company is facing real competition for the first time ever,” wrote Johnson.</p><p>Tesla hadpurchased $1.5 billionworth of BTC in February, amid increased institutional support for the cryptocurrency.</p><p>Jack Dorsey-led&nbsp;<b>Square Inc</b>&nbsp;&nbsp;SQ 6.62%&nbsp;and Tesla combined havespent over $3 billionto buy 151,919 BTC. Those coins are worth almost $7.19 billion as of press time when BTC traded 6.99% lower at $47,347.62.</p><p><b>MicroStrategy Incorporated</b>&nbsp;MSTR 11.74%meanwhile holds 90,531 BTC, purchased at an average price of $2.171 billion, as of late February now worth about almost $4.286 billion.</p><p><b>Price Action:</b>&nbsp;Tesla shares fell 3.43% in after-hours trading on Thursday to $600.10 after closing 4.86% lower at $621.44.</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Should Sell Its Bitcoin and Buy Back Shares To Create 'Positive Momentum,' Says Analyst</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 Should Sell Its Bitcoin and Buy Back Shares To Create 'Positive Momentum,' Says Analyst\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-05 14:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/analyst-ratings/analyst-color/21/03/20024869/tesla-should-sell-its-bitcoin-and-buy-back-shares-to-create-positive-momentum-says-><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla Inc TSLA 4.86% could create a “positive momentum” if its sold its Bitcoin(CRYPTO: BTC) holdings and initiated a buyback of its stock, according to Gary Black, a private investor and former CEO ...</p>\n\n<a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/03/20024869/tesla-should-sell-its-bitcoin-and-buy-back-shares-to-create-positive-momentum-says-\">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.benzinga.com/analyst-ratings/analyst-color/21/03/20024869/tesla-should-sell-its-bitcoin-and-buy-back-shares-to-create-positive-momentum-says-","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166957106","content_text":"Tesla Inc TSLA 4.86% could create a “positive momentum” if its sold its Bitcoin(CRYPTO: BTC) holdings and initiated a buyback of its stock, according to Gary Black, a private investor and former CEO of Aegon Asset Management.What Happened: Black aired his views on social media Thursday in a series of tweets.“Imagine the positive momentum [Tesla] would create if they announced the sale of their [Bitcoin] position, and authorized a [Tesla] stock buyback instead.”wroteBlack.The investor acknowledged that the prospect was “unlikely” but shareholders would support such a move.Investors who say#btchas less risk than govt bonds or gold haven’t done their research. Govt bonds have ~2% risk, defined as monthly volatility of returns. Gold ~3% risk. US equities ~6% risk.#btchas ~20% risk, further out on the risk curve than almost any other asset class.pic.twitter.com/OjMyWYU0Oa  — Gary Black (@garyblack00)March 4, 2021Accordingto Black, if you asked 100 institutional investors in the Elon Musk-led company if they would prefer to invest $1.5 billion of excess cash in BTC or in Tesla stock, 95/100 would choose the stock.Why It Matters: Black isn’t the only analyst crying foul over Tesla’s investment in BTC. Last month, GLJ Research analyst Gordon Johnson said the automaker had “run out of viable internal uses” of its capital.“We see this as a sign of desperation from a CEO whose company is facing real competition for the first time ever,” wrote Johnson.Tesla hadpurchased $1.5 billionworth of BTC in February, amid increased institutional support for the cryptocurrency.Jack Dorsey-led Square Inc  SQ 6.62% and Tesla combined havespent over $3 billionto buy 151,919 BTC. Those coins are worth almost $7.19 billion as of press time when BTC traded 6.99% lower at $47,347.62.MicroStrategy Incorporated MSTR 11.74%meanwhile holds 90,531 BTC, purchased at an average price of $2.171 billion, as of late February now worth about almost $4.286 billion.Price Action: Tesla shares fell 3.43% in after-hours trading on Thursday to $600.10 after closing 4.86% lower at $621.44.","news_type":1},"isVote":1,"tweetType":1,"viewCount":142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363494752,"gmtCreate":1614161623676,"gmtModify":1704888899458,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Hmms","listText":"Hmms","text":"Hmms","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/363494752","repostId":"1103996457","repostType":4,"repost":{"id":"1103996457","kind":"news","pubTimestamp":1614151573,"share":"https://ttm.financial/m/news/1103996457?lang=&edition=fundamental","pubTime":"2021-02-24 15:26","market":"us","language":"en","title":"Credit Suisse, UBS Moving Bankers to China From Hong Kong","url":"https://stock-news.laohu8.com/highlight/detail?id=1103996457","media":"Bloomberg","summary":"Swiss firms are relocating bankers to lift China dealmakingGlobal banks build up in world’s fastest ","content":"<ul><li>Swiss firms are relocating bankers to lift China dealmaking</li><li>Global banks build up in world’s fastest growing major economy</li></ul><p>Credit Suisse Group AG&nbsp;and&nbsp;UBS Group AGare relocating a number of bankers to mainland China from Hong Kong to better compete for deals after the world’s fastest growing major economy relaxed curbs on foreign financial firms.</p><p>Credit Suisse recently moved three directors, including Vivian Feng, Richard Kot and Felix Meng, as well as four more junior bankers, to the mainland, according to people familiar with the matter who asked not to be named discussing internal decisions. UBS is in the process of shifting several managing directors, though no final decision has been made, people familiar with the deliberations said.</p><p>Competition is heating up in China after the nation last year allowed foreign firms to fully own their onshore securities businesses. Credit Suisse and UBS, as well as U.S. rivals such as&nbsp;Goldman Sachs Group Inc.&nbsp;and JPMorgan Chase &amp; Co., are boosting their presence in the country, in some cases seeking to double staff, to chase after profits that are estimated to reach $47 billion in investment banking alone by 2026.</p><p>Veteran banker Houston Huang, who oversaw China deal-making for JPMorgan Chase &amp; Co. from Hong Kong, relocated in February to Shanghai after being&nbsp;named&nbsp;chief executive and head of investment banking for its securities joint venture on the mainland, people familiar said.</p><p>Media representatives at the Swiss firms and JPMorgan said they couldn’t comment.</p><p>Having bankers in Hong Kong, long a bridge between the West and China, is becoming less crucial as the mainland market opens. The moves are in part prompted by concerns over continued restrictions on travel to and from Hong Kong, which is making it hard to do deals on the mainland. The city has struggled to stamp out a fourth coronavirus wave, while in mainland China it’s largely business as usual.</p><p>UBS and Credit Suisse both have aggressive plans to expand on the mainland. UBS in late 2018 became the first global investment bank to gain control of a local securities joint venture.</p><p>Helman Sitohang, the Credit Suisse Asia Pacific chief executive officer, said in an interview last week that the bank is seeking to gain full control over its venture as soon as possible. The bank plans to double its headcount in the country and has been working to upgrade its infrastructure as well as moving bankers to China.</p><p>Credit Suisse and UBS both ranked outside of the top 10 last year arranging Chinese share sales on the mainland and in Hong Kong, trailing China’s biggest firms as well as Morgan Stanley and Goldman Sachs, data compiled by Bloomberg show.</p><p>UBS ranked third in advising on mergers and acquisitions in China over the past 12 months, trailing CICC and Goldman Sachs. The Swiss bank’s standing was boosted by its work on a natural gas pipeline&nbsp;deal.</p><p>Other banks such as Morgan Stanley have also been moving people out of Hong Kong to bases on the mainland.</p><p>But banks have had some difficulties in persuading Hong Kong-based senior bankers to move to due to higher taxes, lifestyle differences and family reasons.</p><p>China recently signaled it would start taxing its citizens living abroad, though questions remain how broadly the authorities will apply the new rules in Hong Kong. China’s tax rate is as high as 45%, while Hong Kong’s is about 15%.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Credit Suisse, UBS Moving Bankers to China From Hong Kong</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\">\nCredit Suisse, UBS Moving Bankers to China From Hong Kong\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 15:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://bloomberg.com/news/articles/2021-02-24/credit-suisse-ubs-move-bankers-to-mainland-china-from-hong-kong?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Swiss firms are relocating bankers to lift China dealmakingGlobal banks build up in world’s fastest growing major economyCredit Suisse Group AG and UBS Group AGare relocating a number of bankers to ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-02-24/credit-suisse-ubs-move-bankers-to-mainland-china-from-hong-kong?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBS":"瑞银"},"source_url":"http://bloomberg.com/news/articles/2021-02-24/credit-suisse-ubs-move-bankers-to-mainland-china-from-hong-kong?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103996457","content_text":"Swiss firms are relocating bankers to lift China dealmakingGlobal banks build up in world’s fastest growing major economyCredit Suisse Group AG and UBS Group AGare relocating a number of bankers to mainland China from Hong Kong to better compete for deals after the world’s fastest growing major economy relaxed curbs on foreign financial firms.Credit Suisse recently moved three directors, including Vivian Feng, Richard Kot and Felix Meng, as well as four more junior bankers, to the mainland, according to people familiar with the matter who asked not to be named discussing internal decisions. UBS is in the process of shifting several managing directors, though no final decision has been made, people familiar with the deliberations said.Competition is heating up in China after the nation last year allowed foreign firms to fully own their onshore securities businesses. Credit Suisse and UBS, as well as U.S. rivals such as Goldman Sachs Group Inc. and JPMorgan Chase & Co., are boosting their presence in the country, in some cases seeking to double staff, to chase after profits that are estimated to reach $47 billion in investment banking alone by 2026.Veteran banker Houston Huang, who oversaw China deal-making for JPMorgan Chase & Co. from Hong Kong, relocated in February to Shanghai after being named chief executive and head of investment banking for its securities joint venture on the mainland, people familiar said.Media representatives at the Swiss firms and JPMorgan said they couldn’t comment.Having bankers in Hong Kong, long a bridge between the West and China, is becoming less crucial as the mainland market opens. The moves are in part prompted by concerns over continued restrictions on travel to and from Hong Kong, which is making it hard to do deals on the mainland. The city has struggled to stamp out a fourth coronavirus wave, while in mainland China it’s largely business as usual.UBS and Credit Suisse both have aggressive plans to expand on the mainland. UBS in late 2018 became the first global investment bank to gain control of a local securities joint venture.Helman Sitohang, the Credit Suisse Asia Pacific chief executive officer, said in an interview last week that the bank is seeking to gain full control over its venture as soon as possible. The bank plans to double its headcount in the country and has been working to upgrade its infrastructure as well as moving bankers to China.Credit Suisse and UBS both ranked outside of the top 10 last year arranging Chinese share sales on the mainland and in Hong Kong, trailing China’s biggest firms as well as Morgan Stanley and Goldman Sachs, data compiled by Bloomberg show.UBS ranked third in advising on mergers and acquisitions in China over the past 12 months, trailing CICC and Goldman Sachs. The Swiss bank’s standing was boosted by its work on a natural gas pipeline deal.Other banks such as Morgan Stanley have also been moving people out of Hong Kong to bases on the mainland.But banks have had some difficulties in persuading Hong Kong-based senior bankers to move to due to higher taxes, lifestyle differences and family reasons.China recently signaled it would start taxing its citizens living abroad, though questions remain how broadly the authorities will apply the new rules in Hong Kong. China’s tax rate is as high as 45%, while Hong Kong’s is about 15%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":60,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363494967,"gmtCreate":1614161580259,"gmtModify":1704888898157,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363494967","repostId":"1108293170","repostType":4,"repost":{"id":"1108293170","kind":"news","pubTimestamp":1614153351,"share":"https://ttm.financial/m/news/1108293170?lang=&edition=fundamental","pubTime":"2021-02-24 15:55","market":"us","language":"en","title":"Until Its Story Changes, Sundial Growers Is a Speculative Trade","url":"https://stock-news.laohu8.com/highlight/detail?id=1108293170","media":"InvestorPlace","summary":"SNDL stock is being driven up by the social media masses\nAt some point, and maybe sooner than anyone","content":"<p>SNDL stock is being driven up by the social media masses</p>\n<p>At some point, and maybe sooner than anyone thinks, the United States will make marijuana legal at the federal level. Until then, the story hasn’t really changed for troubled cannabis stocks such as&nbsp;<b>Sundial Growers</b>&nbsp;(NASDAQ:<b><u>SNDL</u></b>). But don’t tell that to the retail investors who are bidding up SNDL stock.</p>\n<p>On one level, I understand the fascination. Sundial is a penny stock, but it has a niche in the premium segment of the cannabis sector. So if cannabis stocks do take off, SNDL stock could soar much higher. And with a stock price of $1.27 (as of this writing), a $1,500 investment buys you a whole lot of shares.</p>\n<p>And I can’t argue with those that bought the stock on Jan. 26, and have watched the stock climb over 170%. However, with a gain like that, you might expect investors to pocket their gains and move forward. Instead it looks like the trading crowd is lining up to see how high they can make SNDL stock go.</p>\n<p>Over the next few minutes, I’d like to steer you clear of that idea.</p>\n<p><b>Investors Are Not Seeing the Whole Picture</b></p>\n<p>On Feb. 19, Sundial announced it would be&nbsp;converting approximately 98.3 million warrants&nbsp;into shares at a price of 80 cents and $1.10. This is generating $89.1 million in cash for Sundial. At the same time, Sundial announced it was issuing an additional 98.3 million warrants. These will give holders the right to purchase shares for $1.50 in the next 42 months.</p>\n<p>This can be a bullish argument for buying SNDL stock. Nascent companies in a sector like cannabis can use stock offerings and issuing warrants as part of a strategy to pay down debt and accumulate cash. And Sundial has managed to do both of those.</p>\n<p>However, the other part of the story is that investors want to see progress in terms of revenue and earnings. And that’s where Sundial is failing to deliver. In fact, in its most recent quarter, the company reported a 33% drop in revenue. And that was after a nearly 37% decline in revenue in the prior quarter. To raise even more concern, in March the company announced it was going to&nbsp;dispose of its Kamloops facility&nbsp;in British Columbia and suspend construction of its Merritt BC plant both due to declining consumer demand.</p>\n<p>But that didn’t stop the company from giving executives $2.47 million in share-based compensation. That would be nearly 20% of its sales. Executive compensation can be a tricky thing, but if nothing else the optics look bad.</p>\n<p><b>Is Sundial Looking to Buy or Get Bought?</b></p>\n<p>The company’s$22 million investmentinto Indiva could be another reference point that bulls can reference. However, this investment is being done in the form of a brokered private placement. By itself that doesn’t mean anything. However, the fact that Sundial is faltering in revenue coupled with the recent payout to executives raise two caution flags as to the reasons Sundial is making this investment.</p>\n<p>Plus, as Mark Hake details, Sundial&nbsp;lent $58.9 million CAD&nbsp;to a division of&nbsp;<b>Zenabis Global</b>&nbsp;(OTCMKTS:<b><u>ZBISF</u></b>) &nbsp;which as Hake points out, it is unlikely that Zenabis will be able to repay.</p>\n<p><b>You Can Wait on SNDL Stock</b></p>\n<p>In a prior article, I suggested that the best hope for Sundial bulls might be to have the&nbsp;company get acquired. Adding Indiva’s portfolio of edibles to its product line may make Sundial a more attractive acquisition even with its share price rising. But the fact remains the financials for Sundial suggest that they have a narrow path to success.</p>\n<p>Unless you have a high appetite for risk, you should wait until the company reports earnings in late March to see if the revenue picture has improved. Investors that are looking to buy SNDL stock as a quick trade may be rewarded. If you’re looking for an investment there appear to be more solid ways to play the cannabis sector.</p>","source":"lsy1606302653667","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>Until Its Story Changes, Sundial Growers Is a Speculative Trade</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\">\nUntil Its Story Changes, Sundial Growers Is a Speculative Trade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 15:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/02/numbers-dont-add-up-for-sndl-stock/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SNDL stock is being driven up by the social media masses\nAt some point, and maybe sooner than anyone thinks, the United States will make marijuana legal at the federal level. Until then, the story ...</p>\n\n<a href=\"https://investorplace.com/2021/02/numbers-dont-add-up-for-sndl-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNDL":"SNDL Inc."},"source_url":"https://investorplace.com/2021/02/numbers-dont-add-up-for-sndl-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108293170","content_text":"SNDL stock is being driven up by the social media masses\nAt some point, and maybe sooner than anyone thinks, the United States will make marijuana legal at the federal level. Until then, the story hasn’t really changed for troubled cannabis stocks such as Sundial Growers (NASDAQ:SNDL). But don’t tell that to the retail investors who are bidding up SNDL stock.\nOn one level, I understand the fascination. Sundial is a penny stock, but it has a niche in the premium segment of the cannabis sector. So if cannabis stocks do take off, SNDL stock could soar much higher. And with a stock price of $1.27 (as of this writing), a $1,500 investment buys you a whole lot of shares.\nAnd I can’t argue with those that bought the stock on Jan. 26, and have watched the stock climb over 170%. However, with a gain like that, you might expect investors to pocket their gains and move forward. Instead it looks like the trading crowd is lining up to see how high they can make SNDL stock go.\nOver the next few minutes, I’d like to steer you clear of that idea.\nInvestors Are Not Seeing the Whole Picture\nOn Feb. 19, Sundial announced it would be converting approximately 98.3 million warrants into shares at a price of 80 cents and $1.10. This is generating $89.1 million in cash for Sundial. At the same time, Sundial announced it was issuing an additional 98.3 million warrants. These will give holders the right to purchase shares for $1.50 in the next 42 months.\nThis can be a bullish argument for buying SNDL stock. Nascent companies in a sector like cannabis can use stock offerings and issuing warrants as part of a strategy to pay down debt and accumulate cash. And Sundial has managed to do both of those.\nHowever, the other part of the story is that investors want to see progress in terms of revenue and earnings. And that’s where Sundial is failing to deliver. In fact, in its most recent quarter, the company reported a 33% drop in revenue. And that was after a nearly 37% decline in revenue in the prior quarter. To raise even more concern, in March the company announced it was going to dispose of its Kamloops facility in British Columbia and suspend construction of its Merritt BC plant both due to declining consumer demand.\nBut that didn’t stop the company from giving executives $2.47 million in share-based compensation. That would be nearly 20% of its sales. Executive compensation can be a tricky thing, but if nothing else the optics look bad.\nIs Sundial Looking to Buy or Get Bought?\nThe company’s$22 million investmentinto Indiva could be another reference point that bulls can reference. However, this investment is being done in the form of a brokered private placement. By itself that doesn’t mean anything. However, the fact that Sundial is faltering in revenue coupled with the recent payout to executives raise two caution flags as to the reasons Sundial is making this investment.\nPlus, as Mark Hake details, Sundial lent $58.9 million CAD to a division of Zenabis Global (OTCMKTS:ZBISF)  which as Hake points out, it is unlikely that Zenabis will be able to repay.\nYou Can Wait on SNDL Stock\nIn a prior article, I suggested that the best hope for Sundial bulls might be to have the company get acquired. Adding Indiva’s portfolio of edibles to its product line may make Sundial a more attractive acquisition even with its share price rising. But the fact remains the financials for Sundial suggest that they have a narrow path to success.\nUnless you have a high appetite for risk, you should wait until the company reports earnings in late March to see if the revenue picture has improved. Investors that are looking to buy SNDL stock as a quick trade may be rewarded. If you’re looking for an investment there appear to be more solid ways to play the cannabis sector.","news_type":1},"isVote":1,"tweetType":1,"viewCount":134,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387439245,"gmtCreate":1613771414987,"gmtModify":1704884840967,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/387439245","repostId":"1161529893","repostType":4,"repost":{"id":"1161529893","kind":"news","pubTimestamp":1613733842,"share":"https://ttm.financial/m/news/1161529893?lang=&edition=fundamental","pubTime":"2021-02-19 19:24","market":"us","language":"en","title":"Goldman Sachs is joining the robo-investing party — should you?","url":"https://stock-news.laohu8.com/highlight/detail?id=1161529893","media":"Marketwatch","summary":"‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by so","content":"<blockquote>\n ‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\n</blockquote>\n<p>Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.</p>\n<p>Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.</p>\n<p>“Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.</p>\n<p>Although the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.</p>\n<p>“People forget that banks are ultimately in the business of making money,” he said.</p>\n<p>Goldman Sachs declined to comment.</p>\n<p>The company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.</p>\n<p>Fees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.</p>\n<p>The median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.</p>\n<p>Robo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.</p>\n<p><b>Robo investing as a self-driving car</b></p>\n<p>Consumers have turned to robo-investing at unprecedented levels during the pandemic.</p>\n<p>The rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.</p>\n<p>So what is rob-investing? Think of it like a self-driving car.</p>\n<p>You put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.</p>\n<p>Robo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.</p>\n<p>There are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.</p>\n<p>And rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.</p>\n<p>Cynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.</p>\n<p>As she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”</p>\n<p><b>Robos appeal to inexperienced investors</b></p>\n<p>Robo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.</p>\n<p>That makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.</p>\n<p>“When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”</p>\n<p>That said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”</p>\n<p>Others disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.</p>\n<p>“Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.</p>\n<p><b>There is often no door to knock on</b></p>\n<p>Your robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.</p>\n<p>It won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.</p>\n<p>“The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.</p>\n<p>Not all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.</p>\n<p>Additionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.</p>\n<p>For instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.</p>\n<p>But with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.</p>\n<p>On top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.</p>\n<p>“If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.</p>\n<p>Don’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.</p>\n<p>But not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.</p>\n<p>The results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.</p>\n<p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs is joining the robo-investing party — should you?</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\">\nGoldman Sachs is joining the robo-investing party — should you?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 19:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/goldman-sachs-is-joining-the-robo-investing-party-should-you-11613658128?mod=home-page><strong>Marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\n\nRobo investing has become ...</p>\n\n<a href=\"https://www.marketwatch.com/story/goldman-sachs-is-joining-the-robo-investing-party-should-you-11613658128?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/goldman-sachs-is-joining-the-robo-investing-party-should-you-11613658128?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161529893","content_text":"‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\n\nRobo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.\nNow anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.\n“Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\nAlthough the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.\n“People forget that banks are ultimately in the business of making money,” he said.\nGoldman Sachs declined to comment.\nThe company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.\nFees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.\nThe median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.\nRobo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.\nRobo investing as a self-driving car\nConsumers have turned to robo-investing at unprecedented levels during the pandemic.\nThe rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.\nSo what is rob-investing? Think of it like a self-driving car.\nYou put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.\nRobo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.\nThere are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.\nAnd rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.\nCynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.\nAs she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”\nRobos appeal to inexperienced investors\nRobo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.\nThat makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.\n“When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”\nThat said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”\nOthers disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.\n“Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.\nThere is often no door to knock on\nYour robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.\nIt won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.\n“The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.\nNot all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.\nAdditionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.\nFor instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.\nBut with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.\nOn top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.\n“If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.\nDon’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.\nBut not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.\nThe results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.","news_type":1},"isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387166222,"gmtCreate":1613728532066,"gmtModify":1704884222236,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Hmms. Buy more?","listText":"Hmms. Buy more?","text":"Hmms. Buy more?","images":[{"img":"https://static.tigerbbs.com/295ccf4b88947b17e8be2d5d40da21ae","width":"750","height":"1762"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/387166222","isVote":1,"tweetType":1,"viewCount":63,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":353376662,"gmtCreate":1616465490056,"gmtModify":1704794435593,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Lol","listText":"Lol","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/353376662","repostId":"2121108793","repostType":4,"isVote":1,"tweetType":1,"viewCount":549,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3554971279962368","authorId":"3554971279962368","name":"shaunlohloh","avatar":"https://static.tigerbbs.com/d9417d251e570e152139797ec05b5914","crmLevel":5,"crmLevelSwitch":1,"idStr":"3554971279962368","authorIdStr":"3554971279962368"},"content":"Pls comment on this comment thank you ?","text":"Pls comment on this comment thank you ?","html":"Pls comment on this comment thank you ?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357802266,"gmtCreate":1617253151255,"gmtModify":1704697846723,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/357802266","repostId":"1138291357","repostType":4,"repost":{"id":"1138291357","kind":"news","pubTimestamp":1617248516,"share":"https://ttm.financial/m/news/1138291357?lang=&edition=fundamental","pubTime":"2021-04-01 11:41","market":"us","language":"en","title":"Biden Infrastructure Plan Could Be Boon For These EV Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1138291357","media":"yahoo","summary":"The plan, which the president will unveil today in Pittsburgh, also includes an initiative on renewable energy and the electric grid as part of a broad goal to supercharge the economy and fight climate change.In particular, it earmarks $174 billion for electric-vehicle efforts, such as EV rebates, charging ports and electric school buses.Biden's plan will \"enable automakers to spur domestic supply chains from raw materials to parts, retool factories to compete globally and support American worke","content":"<p>President Joe Biden's $2.5 trillion infrastructure plan calls for massive investments in electric vehicles and related technologies, a potential boon for EV stocks like<b>Tesla</b>(TSLA) as well as charging station operators<b>ChargePoint</b>(CHPT) and<b>Blink Charging</b>(BLNK).</p><p>The plan, which the president will unveil today in Pittsburgh, also includes an initiative on renewable energy and the electric grid as part of a broad goal to supercharge the economy and fight climate change.</p><p>In particular, it earmarks $174 billion for electric-vehicle efforts, such as EV rebates, charging ports and electric school buses.</p><p>Biden's plan will \"enable automakers to spur domestic supply chains from raw materials to parts, retool factories to compete globally and support American workers to make batteries and EVs,\" according to afact sheeton WhiteHouse.gov.</p><p>EV Stocks: Tax Credit Benefits</p><p>Biden is asking Congress to keep tax incentives that encourage motorists and add point-of-sale rebates to buy EVs. Currently, consumers can claim tax credits of as much as $7,500 when they buy an electric car.</p><p>But Tesla and<b>General Motors</b>(GM) have already passed the 200,000 limit at which point carmakers no longer qualify for the rebates.</p><p>Wedbush analyst Daniel Ives says he expects the ceiling will be lifted. He adds that an expansion of the tax credits to the $10,000 range or potentially higher in a tiered system is possible.</p><p>EV Initiatives: Infrastructure</p><p>There are about 41,400 EV charging stations in the U.S., according to the Department of Energy, though one station can have multiple ports that can serve several cars at a time. That compares with more than 136,400 gas stations, according to GasBuddy.</p><p>Biden's plan will establish grant and incentive programs for state and local governments and the private sector to build a national network of 500,000 EV chargers by 2030.</p><p>Ives calls this part of the plan a linchpin of these EV initiatives. \"Today there are roughly 100,000 public charging ports with another 300,000/400,000 needed over the next decade to support this groundswell EV green tidal wave for consumers/trucking.\"</p><p>Biden's plan also calls for the replacement of 50,000 diesel transit vehicles and electrification of at least 20% of school buses. It looks to also electrify the federal fleet, including the United States Postal Service.</p><p>EV Stocks</p><p>Tesla jumped 5.1% to 667.93 on thestock market today. TSLA stock has lost more than a quarter of its value since skyrocketing to an all-time high of 900.40 intraday on Jan. 25.</p><p>The company is also expected to report Q4 deliveries later this week. Wall Street expects deliveries of 174,000 vehicles.</p><p>Meanwhile, ChargePoint surged 19%. Blink Charging stock soared 11. And<b>Climate Change Crisis Rea</b>l (CLII), a blank check company that is taking EVgo public, rose 3%.</p><p>But legacy auto giants making a big push in EVs were down.GM stockslipped 1.8%,<b>Ford</b>(F) fell 1.7%, and German automaker<b>Volkswagen</b>(VWAGY) sank 3.8%.</p><p>Even newly public EV stocks were relatively muted.<b>Canoo</b>(GOEV) fell 2.9%,<b>Lordstown</b>(RIDE) rose 1.6%, and<b>Fisker</b>(FSR) advanced 3%.</p>","source":"lsy1584348713084","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>Biden Infrastructure Plan Could Be Boon For These EV Stocks</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\">\nBiden Infrastructure Plan Could Be Boon For These EV Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-01 11:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/ev-stocks-winner-biden-infrastructure-plan-174-billion-investment/?src=A00220><strong>yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>President Joe Biden's $2.5 trillion infrastructure plan calls for massive investments in electric vehicles and related technologies, a potential boon for EV stocks likeTesla(TSLA) as well as charging ...</p>\n\n<a href=\"https://www.investors.com/news/ev-stocks-winner-biden-infrastructure-plan-174-billion-investment/?src=A00220\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOEV":"Canoo Inc.","F":"福特汽车","TSLA":"特斯拉","VWAGY":"大众汽车ADR","BLNK":"Blink Charging","CHPT":"ChargePoint Holdings Inc."},"source_url":"https://www.investors.com/news/ev-stocks-winner-biden-infrastructure-plan-174-billion-investment/?src=A00220","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138291357","content_text":"President Joe Biden's $2.5 trillion infrastructure plan calls for massive investments in electric vehicles and related technologies, a potential boon for EV stocks likeTesla(TSLA) as well as charging station operatorsChargePoint(CHPT) andBlink Charging(BLNK).The plan, which the president will unveil today in Pittsburgh, also includes an initiative on renewable energy and the electric grid as part of a broad goal to supercharge the economy and fight climate change.In particular, it earmarks $174 billion for electric-vehicle efforts, such as EV rebates, charging ports and electric school buses.Biden's plan will \"enable automakers to spur domestic supply chains from raw materials to parts, retool factories to compete globally and support American workers to make batteries and EVs,\" according to afact sheeton WhiteHouse.gov.EV Stocks: Tax Credit BenefitsBiden is asking Congress to keep tax incentives that encourage motorists and add point-of-sale rebates to buy EVs. Currently, consumers can claim tax credits of as much as $7,500 when they buy an electric car.But Tesla andGeneral Motors(GM) have already passed the 200,000 limit at which point carmakers no longer qualify for the rebates.Wedbush analyst Daniel Ives says he expects the ceiling will be lifted. He adds that an expansion of the tax credits to the $10,000 range or potentially higher in a tiered system is possible.EV Initiatives: InfrastructureThere are about 41,400 EV charging stations in the U.S., according to the Department of Energy, though one station can have multiple ports that can serve several cars at a time. That compares with more than 136,400 gas stations, according to GasBuddy.Biden's plan will establish grant and incentive programs for state and local governments and the private sector to build a national network of 500,000 EV chargers by 2030.Ives calls this part of the plan a linchpin of these EV initiatives. \"Today there are roughly 100,000 public charging ports with another 300,000/400,000 needed over the next decade to support this groundswell EV green tidal wave for consumers/trucking.\"Biden's plan also calls for the replacement of 50,000 diesel transit vehicles and electrification of at least 20% of school buses. It looks to also electrify the federal fleet, including the United States Postal Service.EV StocksTesla jumped 5.1% to 667.93 on thestock market today. TSLA stock has lost more than a quarter of its value since skyrocketing to an all-time high of 900.40 intraday on Jan. 25.The company is also expected to report Q4 deliveries later this week. Wall Street expects deliveries of 174,000 vehicles.Meanwhile, ChargePoint surged 19%. Blink Charging stock soared 11. AndClimate Change Crisis Real (CLII), a blank check company that is taking EVgo public, rose 3%.But legacy auto giants making a big push in EVs were down.GM stockslipped 1.8%,Ford(F) fell 1.7%, and German automakerVolkswagen(VWAGY) sank 3.8%.Even newly public EV stocks were relatively muted.Canoo(GOEV) fell 2.9%,Lordstown(RIDE) rose 1.6%, andFisker(FSR) advanced 3%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894503955,"gmtCreate":1628834725077,"gmtModify":1676529869816,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/894503955","repostId":"2159601072","repostType":4,"repost":{"id":"2159601072","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":1628833317,"share":"https://ttm.financial/m/news/2159601072?lang=&edition=fundamental","pubTime":"2021-08-13 13:41","market":"hk","language":"en","title":"BUZZ-Baidu's Hong Kong shares fall after results, Daiwa trims TP","url":"https://stock-news.laohu8.com/highlight/detail?id=2159601072","media":"Reuters","summary":"** Hong Kong shares of Chinese tech giant Baidu Inc fall 3.8% to HK$153, the lowest since July 28\n**","content":"<p>** Hong Kong shares of Chinese tech giant Baidu Inc&nbsp;fall 3.8% to HK$153, the lowest since July 28</p>\n<p>** Stock extends decline for a third straight session, tracking a slide in the overseas market</p>\n<p>** Baidu's quarterly results topped Wall Street estimates on Thursday, as the Chinese search giant benefited from a rebound in advertising sales and higher demand for its artificial intelligence and cloud products</p>\n<p>** Baidu's U.S. shares slid 3.2% even after the company posted the upbeat quarterly revenue</p>\n<p>** Brokerage Daiwa maintains \"buy\" rating on Baidu's Hong Kong shares after solid Q2, but trims TP to HK$280 from HK$335 on lower target valuation for marketing and EV businesses amid reduced regulatory risk appetite of the market</p>\n<p>** The Hang Seng Tech Index&nbsp;falls 2.5% and the Hang Seng Composite Index slides 1%</p>\n<p>** The Hang Seng China Enterprises Index&nbsp;drops 1.3% and the benchmark index eases 0.9%</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>BUZZ-Baidu's Hong Kong shares fall after results, Daiwa trims TP</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\">\nBUZZ-Baidu's Hong Kong shares fall after results, Daiwa trims TP\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-13 13:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>** Hong Kong shares of Chinese tech giant Baidu Inc&nbsp;fall 3.8% to HK$153, the lowest since July 28</p>\n<p>** Stock extends decline for a third straight session, tracking a slide in the overseas market</p>\n<p>** Baidu's quarterly results topped Wall Street estimates on Thursday, as the Chinese search giant benefited from a rebound in advertising sales and higher demand for its artificial intelligence and cloud products</p>\n<p>** Baidu's U.S. shares slid 3.2% even after the company posted the upbeat quarterly revenue</p>\n<p>** Brokerage Daiwa maintains \"buy\" rating on Baidu's Hong Kong shares after solid Q2, but trims TP to HK$280 from HK$335 on lower target valuation for marketing and EV businesses amid reduced regulatory risk appetite of the market</p>\n<p>** The Hang Seng Tech Index&nbsp;falls 2.5% and the Hang Seng Composite Index slides 1%</p>\n<p>** The Hang Seng China Enterprises Index&nbsp;drops 1.3% and the benchmark index eases 0.9%</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09888":"百度集团-SW","BIDU":"百度"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2159601072","content_text":"** Hong Kong shares of Chinese tech giant Baidu Inc fall 3.8% to HK$153, the lowest since July 28\n** Stock extends decline for a third straight session, tracking a slide in the overseas market\n** Baidu's quarterly results topped Wall Street estimates on Thursday, as the Chinese search giant benefited from a rebound in advertising sales and higher demand for its artificial intelligence and cloud products\n** Baidu's U.S. shares slid 3.2% even after the company posted the upbeat quarterly revenue\n** Brokerage Daiwa maintains \"buy\" rating on Baidu's Hong Kong shares after solid Q2, but trims TP to HK$280 from HK$335 on lower target valuation for marketing and EV businesses amid reduced regulatory risk appetite of the market\n** The Hang Seng Tech Index falls 2.5% and the Hang Seng Composite Index slides 1%\n** The Hang Seng China Enterprises Index drops 1.3% and the benchmark index eases 0.9%","news_type":1},"isVote":1,"tweetType":1,"viewCount":413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340975162,"gmtCreate":1617334917556,"gmtModify":1704698924406,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"True that","listText":"True that","text":"True that","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/340975162","repostId":"1156812578","repostType":4,"isVote":1,"tweetType":1,"viewCount":335,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352418609,"gmtCreate":1616992678601,"gmtModify":1704800540694,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/352418609","repostId":"2123280841","repostType":4,"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353376897,"gmtCreate":1616465475419,"gmtModify":1704794435929,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/353376897","repostId":"2121171064","repostType":4,"repost":{"id":"2121171064","kind":"news","pubTimestamp":1616459860,"share":"https://ttm.financial/m/news/2121171064?lang=&edition=fundamental","pubTime":"2021-03-23 08:37","market":"us","language":"en","title":"Robinhood Investors Are Quietly Buying More of These Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=2121171064","media":"Leo Sun","summary":"Younger retail investors love an aging automaker, a 5G giant, and a controversial data mining firm.","content":"<p>Robinhood, the app-based trading platform that disrupted older online brokerages with free trades, serves over 13 million investors. Many of its users are millennials, and a quarter of them are first-time investors.</p>\n<p>Wall Street didn't initially pay much attention to Robinhood, since most of the platform's users only placed small trades. But more investors joined the platform throughout the pandemic the past year, and some of their choices -- amplified by social media platforms like Reddit -- shook the markets.</p>\n<p>That shift culminated in the Reddit-fueled short squeeze earlier this year, which boosted <b>GameStop</b> and other battered stocks to historic highs. It also caused more analysts to focus on what Robinhood investors were actually buying. Let's examine three stocks that those investors have been quietly accumulating.</p>\n<p><img src=\"https://static.tigerbbs.com/08d45f6936bc822a88d3dac0be70674b\" tg-width=\"700\" tg-height=\"393\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Ford.</p>\n<h2>1. Ford</h2>\n<p><b>Ford</b>'s (NYSE:F) popularity on Robinhood might be surprising since it's the type of stock that younger investors often avoid. The automaker's market share is&nbsp;shrinking, it suspended its&nbsp;dividend last March, and it's shouldering over $110 billion in long-term debt. Its brand is also arguably losing its luster against hotter electric vehicle (EV) brands like<b> Tesla</b>.</p>\n<p>Yet Ford's stock price nearly tripled over the past 12 months even as the pandemic disrupted its plants, as investors bet on its long-term recovery. Ford plans to aggressively expand its EV and hybrid business -- which currently includes the popular Mustang Mach-E, Ford F-150 PowerBoost Hybrid, and Escape and Explorer hybrids -- to reduce its dependence on traditional gas-powered vehicles.</p>\n<p>Analysts expect Ford's revenue to rise 24% in fiscal 2021, thanks to an easy comparison to 2020, and grow 7% in 2022. They expect its earnings to jump 178% this year and improve 35% next year.</p>\n<p>Those are high growth rates for a stock that trades at just eight times forward earnings, and the low P/E ratio doesn't seem to factor in Ford's turnaround plans yet. But Ford has weathered plenty of downturns before, and it could surprise the skeptics with its expansion into the EV market.</p>\n<h2>2. Nokia</h2>\n<p><b>Nokia</b> (NYSE:NOK) attracted a lot of attention from Robinhood investors during the Reddit-fueled short squeeze. Its stock briefly hit a two-year high in late January, but those gains quickly evaporated.</p>\n<p><img src=\"https://static.tigerbbs.com/cc79e7b7ae756874190cbad8b2f069a0\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<p>Nokia's stock has risen nearly 60% over the past 12 months, likely because investors considered it a value play on the 5G market. The stock certainly looks cheap at 14 times forward earnings, but it's still lost about a third of its value over the past five years.</p>\n<p>I don't think Nokia is worth buying now for a simple reason: Its Swedish rival <b>Ericsson</b> (NASDAQ:ERIC), which generated a 35% gain for investors over the past five years, is doing nearly everything better than Nokia.</p>\n<p>Nokia's problems began after it bought its rival Alcatel-Lucent back in 2016. It focused too much on cutting costs after the acquisition, which caused it to fall behind Ericsson and <b>Huawei </b>in 5G investments. Nokia suspended its dividend in 2019 to free up more cash for more 5G investments, but it lost major contracts in China amid the trade war and fell behind Ericsson in other markets. Nokia's former CEO, Rajeev Suri, also resigned last year without fixing the company's biggest problems.</p>\n<p>Ericsson didn't switch leaders during its crucial shift to 5G. It also retained its contracts in China, grew faster than Nokia, and continued to pay its dividend. That's why analysts expect Ericsson's revenue and earnings to rise 15% and 16%, respectively, this year. They expect Nokia's revenue to rise just 3% this year, and for its earnings to tumble 21%.</p>\n<h2>3. Palantir</h2>\n<p>Lastly, <b>Palantir</b> (NYSE:PLTR), the data-mining firm named after the all-seeing orbs from <i>The Lord of the Rings</i>, has been a hot stock on both Robinhood and Reddit forums.</p>\n<p>Palantir went public via a direct listing last September. Its stock hit the market at about $9 a share, surged to nearly $40 a share in late January, and currently trades in the mid-$20s.</p>\n<p>The company, which generates over half of its revenue from government contracts, grew its revenue 25% in 2019 and 47% in 2020. It expects its revenue to rise more than 30% in 2021.</p>\n<p>That growth is impressive, but Palantir is unprofitable and its stock trades at 30 times this year's sales -- which could make it an easy target for profit-takers as higher bond yields spark a rotation from growth stocks to value stocks.</p>\n<p>That being said, Palantir's margins are expanding, it's growing its average revenue per customer, and it continues to expand its enterprise-facing business to reduce its dependence on government contracts.</p>\n<p>I bought most of my shares of Palantir below $10, sold a third of my stake in late January, and plan to hold the rest of my shares for the long term. I think the company's near-term growth will be volatile, but it's tough to bet against a company that aspires to provide the \"default operating system\" for the U.S. government while offering lighter versions of its tools for big businesses.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood Investors Are Quietly Buying More of These Stocks</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\">\nRobinhood Investors Are Quietly Buying More of These Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-23 08:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/22/robinhood-investors-quietly-buying-more-stocks/><strong>Leo Sun</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Robinhood, the app-based trading platform that disrupted older online brokerages with free trades, serves over 13 million investors. Many of its users are millennials, and a quarter of them are first-...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/22/robinhood-investors-quietly-buying-more-stocks/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"F":"福特汽车"},"source_url":"https://www.fool.com/investing/2021/03/22/robinhood-investors-quietly-buying-more-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2121171064","content_text":"Robinhood, the app-based trading platform that disrupted older online brokerages with free trades, serves over 13 million investors. Many of its users are millennials, and a quarter of them are first-time investors.\nWall Street didn't initially pay much attention to Robinhood, since most of the platform's users only placed small trades. But more investors joined the platform throughout the pandemic the past year, and some of their choices -- amplified by social media platforms like Reddit -- shook the markets.\nThat shift culminated in the Reddit-fueled short squeeze earlier this year, which boosted GameStop and other battered stocks to historic highs. It also caused more analysts to focus on what Robinhood investors were actually buying. Let's examine three stocks that those investors have been quietly accumulating.\n\nImage source: Ford.\n1. Ford\nFord's (NYSE:F) popularity on Robinhood might be surprising since it's the type of stock that younger investors often avoid. The automaker's market share is shrinking, it suspended its dividend last March, and it's shouldering over $110 billion in long-term debt. Its brand is also arguably losing its luster against hotter electric vehicle (EV) brands like Tesla.\nYet Ford's stock price nearly tripled over the past 12 months even as the pandemic disrupted its plants, as investors bet on its long-term recovery. Ford plans to aggressively expand its EV and hybrid business -- which currently includes the popular Mustang Mach-E, Ford F-150 PowerBoost Hybrid, and Escape and Explorer hybrids -- to reduce its dependence on traditional gas-powered vehicles.\nAnalysts expect Ford's revenue to rise 24% in fiscal 2021, thanks to an easy comparison to 2020, and grow 7% in 2022. They expect its earnings to jump 178% this year and improve 35% next year.\nThose are high growth rates for a stock that trades at just eight times forward earnings, and the low P/E ratio doesn't seem to factor in Ford's turnaround plans yet. But Ford has weathered plenty of downturns before, and it could surprise the skeptics with its expansion into the EV market.\n2. Nokia\nNokia (NYSE:NOK) attracted a lot of attention from Robinhood investors during the Reddit-fueled short squeeze. Its stock briefly hit a two-year high in late January, but those gains quickly evaporated.\n\nImage source: Getty Images.\nNokia's stock has risen nearly 60% over the past 12 months, likely because investors considered it a value play on the 5G market. The stock certainly looks cheap at 14 times forward earnings, but it's still lost about a third of its value over the past five years.\nI don't think Nokia is worth buying now for a simple reason: Its Swedish rival Ericsson (NASDAQ:ERIC), which generated a 35% gain for investors over the past five years, is doing nearly everything better than Nokia.\nNokia's problems began after it bought its rival Alcatel-Lucent back in 2016. It focused too much on cutting costs after the acquisition, which caused it to fall behind Ericsson and Huawei in 5G investments. Nokia suspended its dividend in 2019 to free up more cash for more 5G investments, but it lost major contracts in China amid the trade war and fell behind Ericsson in other markets. Nokia's former CEO, Rajeev Suri, also resigned last year without fixing the company's biggest problems.\nEricsson didn't switch leaders during its crucial shift to 5G. It also retained its contracts in China, grew faster than Nokia, and continued to pay its dividend. That's why analysts expect Ericsson's revenue and earnings to rise 15% and 16%, respectively, this year. They expect Nokia's revenue to rise just 3% this year, and for its earnings to tumble 21%.\n3. Palantir\nLastly, Palantir (NYSE:PLTR), the data-mining firm named after the all-seeing orbs from The Lord of the Rings, has been a hot stock on both Robinhood and Reddit forums.\nPalantir went public via a direct listing last September. Its stock hit the market at about $9 a share, surged to nearly $40 a share in late January, and currently trades in the mid-$20s.\nThe company, which generates over half of its revenue from government contracts, grew its revenue 25% in 2019 and 47% in 2020. It expects its revenue to rise more than 30% in 2021.\nThat growth is impressive, but Palantir is unprofitable and its stock trades at 30 times this year's sales -- which could make it an easy target for profit-takers as higher bond yields spark a rotation from growth stocks to value stocks.\nThat being said, Palantir's margins are expanding, it's growing its average revenue per customer, and it continues to expand its enterprise-facing business to reduce its dependence on government contracts.\nI bought most of my shares of Palantir below $10, sold a third of my stake in late January, and plan to hold the rest of my shares for the long term. I think the company's near-term growth will be volatile, but it's tough to bet against a company that aspires to provide the \"default operating system\" for the U.S. government while offering lighter versions of its tools for big businesses.","news_type":1},"isVote":1,"tweetType":1,"viewCount":149,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387439245,"gmtCreate":1613771414987,"gmtModify":1704884840967,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/387439245","repostId":"1161529893","repostType":4,"repost":{"id":"1161529893","kind":"news","pubTimestamp":1613733842,"share":"https://ttm.financial/m/news/1161529893?lang=&edition=fundamental","pubTime":"2021-02-19 19:24","market":"us","language":"en","title":"Goldman Sachs is joining the robo-investing party — should you?","url":"https://stock-news.laohu8.com/highlight/detail?id=1161529893","media":"Marketwatch","summary":"‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by so","content":"<blockquote>\n ‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\n</blockquote>\n<p>Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.</p>\n<p>Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.</p>\n<p>“Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.</p>\n<p>Although the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.</p>\n<p>“People forget that banks are ultimately in the business of making money,” he said.</p>\n<p>Goldman Sachs declined to comment.</p>\n<p>The company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.</p>\n<p>Fees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.</p>\n<p>The median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.</p>\n<p>Robo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.</p>\n<p><b>Robo investing as a self-driving car</b></p>\n<p>Consumers have turned to robo-investing at unprecedented levels during the pandemic.</p>\n<p>The rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.</p>\n<p>So what is rob-investing? Think of it like a self-driving car.</p>\n<p>You put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.</p>\n<p>Robo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.</p>\n<p>There are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.</p>\n<p>And rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.</p>\n<p>Cynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.</p>\n<p>As she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”</p>\n<p><b>Robos appeal to inexperienced investors</b></p>\n<p>Robo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.</p>\n<p>That makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.</p>\n<p>“When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”</p>\n<p>That said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”</p>\n<p>Others disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.</p>\n<p>“Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.</p>\n<p><b>There is often no door to knock on</b></p>\n<p>Your robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.</p>\n<p>It won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.</p>\n<p>“The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.</p>\n<p>Not all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.</p>\n<p>Additionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.</p>\n<p>For instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.</p>\n<p>But with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.</p>\n<p>On top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.</p>\n<p>“If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.</p>\n<p>Don’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.</p>\n<p>But not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.</p>\n<p>The results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.</p>\n<p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs is joining the robo-investing party — should you?</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\">\nGoldman Sachs is joining the robo-investing party — should you?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 19:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/goldman-sachs-is-joining-the-robo-investing-party-should-you-11613658128?mod=home-page><strong>Marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\n\nRobo investing has become ...</p>\n\n<a href=\"https://www.marketwatch.com/story/goldman-sachs-is-joining-the-robo-investing-party-should-you-11613658128?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/goldman-sachs-is-joining-the-robo-investing-party-should-you-11613658128?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161529893","content_text":"‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\n\nRobo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.\nNow anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.\n“Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\nAlthough the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.\n“People forget that banks are ultimately in the business of making money,” he said.\nGoldman Sachs declined to comment.\nThe company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.\nFees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.\nThe median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.\nRobo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.\nRobo investing as a self-driving car\nConsumers have turned to robo-investing at unprecedented levels during the pandemic.\nThe rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.\nSo what is rob-investing? Think of it like a self-driving car.\nYou put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.\nRobo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.\nThere are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.\nAnd rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.\nCynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.\nAs she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”\nRobos appeal to inexperienced investors\nRobo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.\nThat makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.\n“When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”\nThat said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”\nOthers disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.\n“Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.\nThere is often no door to knock on\nYour robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.\nIt won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.\n“The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.\nNot all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.\nAdditionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.\nFor instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.\nBut with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.\nOn top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.\n“If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.\nDon’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.\nBut not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.\nThe results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.","news_type":1},"isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347835395,"gmtCreate":1618482674417,"gmtModify":1704711514466,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/347835395","repostId":"1125635474","repostType":4,"repost":{"id":"1125635474","kind":"news","pubTimestamp":1618295945,"share":"https://ttm.financial/m/news/1125635474?lang=&edition=fundamental","pubTime":"2021-04-13 14:39","market":"us","language":"en","title":"AppLovin: Capitalizing On The Surging Growth Of Mobile Game Apps","url":"https://stock-news.laohu8.com/highlight/detail?id=1125635474","media":"seekingalpha","summary":"SummaryAppLovin announced its IPO price range of $75 to $85 per share. The company is selling 25 mil","content":"<p><b>Summary</b></p><ul><li>AppLovin announced its IPO price range of $75 to $85 per share. The company is selling 25 million shares.</li><li>At the high end of the IPO price range, the company is aiming to raise $2.1 billion, and it would be valued at $30.4 billion.</li><li>Our base case valuation of AppLovin is an EV of $35.1 billion, implied market cap of $35.7 billion, and target price per share of $99.8.</li><li>The company has been a key beneficiary of the surging growth of popular game apps.</li><li>Despite strong sales growth, its operating margins worsened in 2020 due to higher operating expenses.</li></ul><p><b>Investment Thesis</b></p><p>AppLovin<a href=\"https://laohu8.com/S/APP\">AppLovin Corporation</a>  is one of the key beneficiaries of the exploding demand for mobile apps, especially for mobile games. The company's sales growth has been surging in recent years as the company has benefited from both organic growth and has been aggressive in making numerous acquisitions in the past three years.</p><p>Most developers lack access to the marketing, monetization, and data analytics tools required to stand out among the more than 4.8 million mobile apps available on the Apple App Store(NASDAQ:AAPL)and Google Play Store(NASDAQ:GOOG)(NASDAQ:GOOGL). The company's products and services help many app developers to scale up their business and create a successful app that can be sustained long term. This is where the company's capabilities in app development, marketing, and analytics really stand out.</p><p>There are more than 1.3 million mobile gaming apps on the Apple App Store and Google Play Store.Mobile gamingaccounts for 39% of worldwide app downloads and for 72% of all app store consumer spend by value, according to Sensor Tower.</p><p>Although the company's operating margins declined in the past two years mainly due to higher operating expenses, we believe that the company's profit margins will turn around this year due to a combination of higher economies of scale and lower operating expenses as a percentage of revenues.</p><p><b>Comparable Companies Valuation Analysis</b></p><p>In the comparable companies valuation analysis, we used the following companies as comps to AppLovin:</p><ul><li>Unity Software (U)</li><li>Roblox Corp. (RBLX)</li><li>Activision Blizzard (ATVI)</li><li>Zynga (ZNGA)</li></ul><p>Our base case valuation of AppLovin is an EV of $35.1 billion, implied market cap of $35.7 billion, and implied target price per share of $99.8. This represents 17% upside from the high end of the IPO price range of $85. We have a POSITIVE view of the AppLovin IPO.</p><p>Our base case valuation of AppLovin is based on a 16x EV/S multiple (using 2021 sales estimate), which represents a 10% higher than the average EV/S multiple of the comps. It is also below the EV/S multiple of Unity Software and Roblox which trade at EV/S multiple of 26.8x and 19.2x, respectively.</p><p>The comps' average sales growth in 2020 and 2021 are similar to the sales growth rates of AppLovin in this period. Among the comps, Roblox has the highest sales growth and Activision has the lowest sales growth in 2020 and 2021. Overall, we have assumed higher sales growth for AppLovin versus its peers in 2021 and 2022 and this is one of main reasons why we have applied a 10% higher valuation multiple than the comps.</p><p>However, Roblox is trading at 19.2x EV/S in 2021 and we have applied a 16x EV/S multiple for AppLovin (17% lower valuation multiple than Roblox). We believe the market will attach a slightly higher valuation multiple for Roblox than AppLovin, mainly due to the former company's higher sales growth and operating margins in 2021, and its brand is more recognized worldwide.</p><p><img src=\"https://static.tigerbbs.com/b47032411f633c63c676152889baa874\" tg-width=\"553\" tg-height=\"350\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/3ea8b356b98201f398b48bd4d57e507a\" tg-width=\"552\" tg-height=\"455\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8a2dfe8877740e842bb1e143c157e39c\" tg-width=\"551\" tg-height=\"370\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0aec05aa4790c780a95e2527c62896e9\" tg-width=\"554\" tg-height=\"548\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8ee98f1dd0f1c0becb865f331a283068\" tg-width=\"550\" tg-height=\"340\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/96321e40b2bb290d968a20e0a3832de8\" tg-width=\"554\" tg-height=\"362\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/327d495d893132d12a74cc91d93df055\" tg-width=\"553\" tg-height=\"367\" referrerpolicy=\"no-referrer\"><b>Income Statement Forecast</b></p><p>AppLovin generated sales of $1,451.1 million and an operating loss of $62.1 million in 2020. The company's sales have nearly tripled from 2018 to 2020. The company's operating margins declined from 50.1% in 2018 to 19.5% in 2019 and -4.3% in 2020. The major reasons for the lower operating margins are due to higher cost of sales, sales &amp; marketing, R&amp;D, and other operating expenses as a percentage of sales.</p><p>We estimate AppLovin to generate sales of $2.2 billion (up 51% YoY) and an operating profit of $65.2 million in 2021. From 2020 to 2025, we have assumed the company's sales to grow at a CAGR of 28.6%. We have also assumed the company's operating margin to turn positive to 3% in 2021 from -4.3% in 2020. We estimate its operating margins to improve further to 6.8% in 2022, 10.6% in 2023, and 17.8% in 2025. We estimate AppLovin to have sales of $5.1 billion and an operating profit of $0.9 billion in 2025.</p><p><img src=\"https://static.tigerbbs.com/4e58f808f42f4c3a1e238b587f637063\" tg-width=\"547\" tg-height=\"669\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/1026d63d84ac8f26d8391d7e91317b9e\" tg-width=\"547\" tg-height=\"449\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b9bf6e155cbc281373a8fac78fd3e08b\" tg-width=\"547\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><b>Company Background</b></p><p>Thecompanyoriginally started its business helping customers to improve the smartphone customer experiences for all the users. In recent years, the company has become a much bigger player in the mobile gaming segment and it also helps developers to grow their users and improve the monetization of their apps.</p><p>According to IDC, the company's totalmarket opportunityis estimated to be $189 billion in 2020, growing to $283 billion in 2024, representing a CAGR of 10.6% in this period. This total market size of $184 billion was derived by adding the worldwide total in-app advertising revenue of $101 billion (including gaming and non-gaming in-app display, video, and other advertising, but excluding in-app search advertising) and worldwide direct game spending of $88 billion for 2020.</p><p>AppLovin has invested about $1 billion in 15 acquisitions and partnerships since 2018. It owns more than 200 free-to-play mobile games from 12 studios.AppLovinlaunched a gaming business unit called Lion Studios in July 2018. It also acquired a company called Max in September 2018. Max provides in-app bidding service, which is a type of advertising where mobile publishers can sell their ad inventory in an auction method). AppLovin also owns and operates gaming studios Machine Zone, Belka Games, PeopleFun and Firecraft Studios.</p><p>In February 2021, AppLovin signed an agreement to purchase Adjust for $1 billion (including $598 million in cash and $352 million in convertible securities, and an assumption of up to $40 million in debt). Adjust is a leading mobile app analytics&amp; marketing products company in Germany. Adjust provides tools to prevent mobile advertising fraud and better measure the user base. This acquisition is expected to close in 1H 2021.</p><p>In the IPO prospectus, the company mentioned that it plans to use $75 million of its Class A common shares for charitable purposes. If the company raises $1 billion in the IPO, this would represent nearly 7.5% of total amount. This is a bit unusual to have this large number of shares allocated for charitable purposes. We applaud this move by the CEO and its senior management. Adam Foroughi, the co-founder and CEO of AppLovin, previously co-founded two advertising technology companies, Lifestreet Media Inc. and Social Hour Inc.</p><p><b>AppLovin (Key Metrics)</b></p><p>The table provides the company's key metrics. There has been a strong increase in the monthly active payers which jumped from 0.3 million in 2018 to 1.0 million in 2019 and 1.5 million in 2020. However, the enterprise clients declined from 192 in 2018 to 172 in 2020. The company defines its enterprise clients as third-party business clients from which it has collected more than $125,000 of revenue in the trailing 12 months. Average revenue per monthly active payer increased from $11 in 2018 to $32 in 2019 and $41 in 2020.</p><p>The company's main businesses comprise of its platform and apps. Its platform business mainly includes AppLovin Core Technologies and AppLovin Software. Its apps consist of over 200 free-to-play mobile games in five genres, run by 12 studios including those owned by the company and also those it partners with. The five major game genres offering by the company include casual, hypercasual, match-three, midcore, and card/casino. No single game of the company contributed more than 16% of its total revenue in 2020.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0638b1ba5528bc65ee975156f3bcfd46\" tg-width=\"605\" tg-height=\"225\" referrerpolicy=\"no-referrer\"><span>Source: Company data</span></p><p>The company collects revenue from two sources including business clients and consumers. In 2020, business clients accounted for 49% of total revenue and consumers represented 51% of total revenue.</p><p><b>Business Clients:</b></p><ul><li>The company has a wide range of business clients including Facebook(NASDAQ:FB), Google, and a number of much smaller companies. It had 1,400 business clients at the end of 2020. Nearly 99% of the company's business revenue came from its 172 enterprise clients as of December 31, 2020. The company also had a solid customer retention rate of 118% in 2020 for its enterprise clients.</li><li>AppLovin Software is a comprehensive suite of tools for developers to get their mobile apps discovered and downloaded by the right users, optimize return on marketing spend, and maximize monetization of engagement. AppLovin Software reaches an audience of over 410 million users per day. The company's software solutions provide tools for mobile app developers to expand their businesses by optimizing and automating the marketing and monetization of their apps. Since inception, the company's platform has driven more than 6 billion mobile app installs.</li><li>The company's main software includes AppDiscovery and MAX. Business clients use AppDiscovery to automate, optimize, and manage their app user acquisition investments. They set marketing and user growth goals, and AppDiscovery optimizes their ad spend in an effort to achieve their return on advertising spend targets and other marketing objectives. AppDiscovery comprises the vast majority of revenue from its software.</li><li>Revenue is generated from the advertisers, typically on a performance-based, cost-per-install basis, and shared with the company's advertising publishers, typically on a cost per impression model. Business clients use MAX to optimize purchases of app ad inventory.</li><li>The Compass Analytics tool within MAX provides insights to manage against key performance indicators, understand the long-term value of users, and help manage profitability. Revenue from MAX is generated based on a percentage of client spend. Business clients that purchase advertising inventory from the company's Apps are able to target highly relevant users from its diverse and global portfolio of over 200 mobile games.</li></ul><p><b>Consumers:</b></p><ul><li>The company has also developed and invested in AppLovin Apps, which consist of a globally diversified portfolio of over 200 free-to-play mobile games. These Apps are accessed by nearly 32 million users every day. Consumer revenue is generated when the user of its apps makes an in-app purchase (IAP).</li><li>The company's apps are mostly free-to-play mobile games and generate consumer revenue through in-app purchase of virtual items which are used to enhance gameplay and improve the probabilities of the mobile game progression opportunities.</li><li>During the three months ended December 31, 2020, the company had an average of 2.1 million monthly active payers (MAPs) across its portfolio of apps. Over that period, the company had an average revenue per monthly active payer of $41.</li></ul><p><img src=\"https://static.tigerbbs.com/17a469e7db2359f56bb1fec2388f2826\" tg-width=\"555\" tg-height=\"454\" referrerpolicy=\"no-referrer\"><b>Major Competitors</b></p><p>In the mobile games and other mobile game app related businesses, the major competitors include Unity Software, Activision Blizzard, Tencent Holdings(OTCPK:TCEHY), and Zynga. In the advertising platform business, the company's major competitors include Facebook, Alphabet, and Amazon (AMZN). Many of these companies are also AppLovin's partners and customers. In addition to these mega companies, the company faces competition from thousands of smaller competitors worldwide.</p><p>Balance Sheet and Cash Flow Analysis</p><p>The company has a leveraged balance sheet. Net debt increased from $0.8 billion at the end of 2019 to $1.3 billion at the end of 2020. Net debt to adjusted EBITDA ratio also rose from 260% at the end of 2019 to 315% at the end of 2020. After KKR invested in the company in 2018, it appears that AppLovin was advised to add more leverage and expand the business more aggressively through numerous acquisitions. Through this IPO, the company's balance sheet will become much stronger.</p><p>The company generated positive cash flow from operations and free cash flow in the past two years. Its cash flow from operations and free cash flow averaged $211 million and $207 million, respectively, in 2019 and 2020.</p><p><b>Conclusion</b></p><p>AppLovin is one of the key beneficiaries of the surging growth of game-related mobile apps. Our base case valuation of AppLovin is EV of $35.1 billion, implied market cap of $35.7 billion, and target price per share of $99.8, which is about 17% higher than the high end of the IPO price range. In recent months, some of the major game-related IPOs including Roblox and Unity Software have done really well, although their share prices have come down from their recent highs. AppLovin will likely be compared against these stocks.</p><p>Despite AppLovin's decline in operating margins in 2020 due to higher operating expenses, it is more likely that investors will focus on the company's ability to continue to scale up the business and generate higher sales growth. There remains some uncertainty in terms of how quickly the company is willing to focus on the probability at the expense of lower sales growth. In addition, there are some concerns about the recent weakening sentiment on the tech-related IPOs.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AppLovin: Capitalizing On The Surging Growth Of Mobile Game Apps</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\">\nAppLovin: Capitalizing On The Surging Growth Of Mobile Game Apps\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-13 14:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4418129-applovin-capitalizing-growth-mobile-game-apps><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAppLovin announced its IPO price range of $75 to $85 per share. The company is selling 25 million shares.At the high end of the IPO price range, the company is aiming to raise $2.1 billion, and...</p>\n\n<a href=\"https://seekingalpha.com/article/4418129-applovin-capitalizing-growth-mobile-game-apps\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"APP":"AppLovin Corporation"},"source_url":"https://seekingalpha.com/article/4418129-applovin-capitalizing-growth-mobile-game-apps","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1125635474","content_text":"SummaryAppLovin announced its IPO price range of $75 to $85 per share. The company is selling 25 million shares.At the high end of the IPO price range, the company is aiming to raise $2.1 billion, and it would be valued at $30.4 billion.Our base case valuation of AppLovin is an EV of $35.1 billion, implied market cap of $35.7 billion, and target price per share of $99.8.The company has been a key beneficiary of the surging growth of popular game apps.Despite strong sales growth, its operating margins worsened in 2020 due to higher operating expenses.Investment ThesisAppLovinAppLovin Corporation  is one of the key beneficiaries of the exploding demand for mobile apps, especially for mobile games. The company's sales growth has been surging in recent years as the company has benefited from both organic growth and has been aggressive in making numerous acquisitions in the past three years.Most developers lack access to the marketing, monetization, and data analytics tools required to stand out among the more than 4.8 million mobile apps available on the Apple App Store(NASDAQ:AAPL)and Google Play Store(NASDAQ:GOOG)(NASDAQ:GOOGL). The company's products and services help many app developers to scale up their business and create a successful app that can be sustained long term. This is where the company's capabilities in app development, marketing, and analytics really stand out.There are more than 1.3 million mobile gaming apps on the Apple App Store and Google Play Store.Mobile gamingaccounts for 39% of worldwide app downloads and for 72% of all app store consumer spend by value, according to Sensor Tower.Although the company's operating margins declined in the past two years mainly due to higher operating expenses, we believe that the company's profit margins will turn around this year due to a combination of higher economies of scale and lower operating expenses as a percentage of revenues.Comparable Companies Valuation AnalysisIn the comparable companies valuation analysis, we used the following companies as comps to AppLovin:Unity Software (U)Roblox Corp. (RBLX)Activision Blizzard (ATVI)Zynga (ZNGA)Our base case valuation of AppLovin is an EV of $35.1 billion, implied market cap of $35.7 billion, and implied target price per share of $99.8. This represents 17% upside from the high end of the IPO price range of $85. We have a POSITIVE view of the AppLovin IPO.Our base case valuation of AppLovin is based on a 16x EV/S multiple (using 2021 sales estimate), which represents a 10% higher than the average EV/S multiple of the comps. It is also below the EV/S multiple of Unity Software and Roblox which trade at EV/S multiple of 26.8x and 19.2x, respectively.The comps' average sales growth in 2020 and 2021 are similar to the sales growth rates of AppLovin in this period. Among the comps, Roblox has the highest sales growth and Activision has the lowest sales growth in 2020 and 2021. Overall, we have assumed higher sales growth for AppLovin versus its peers in 2021 and 2022 and this is one of main reasons why we have applied a 10% higher valuation multiple than the comps.However, Roblox is trading at 19.2x EV/S in 2021 and we have applied a 16x EV/S multiple for AppLovin (17% lower valuation multiple than Roblox). We believe the market will attach a slightly higher valuation multiple for Roblox than AppLovin, mainly due to the former company's higher sales growth and operating margins in 2021, and its brand is more recognized worldwide.Income Statement ForecastAppLovin generated sales of $1,451.1 million and an operating loss of $62.1 million in 2020. The company's sales have nearly tripled from 2018 to 2020. The company's operating margins declined from 50.1% in 2018 to 19.5% in 2019 and -4.3% in 2020. The major reasons for the lower operating margins are due to higher cost of sales, sales & marketing, R&D, and other operating expenses as a percentage of sales.We estimate AppLovin to generate sales of $2.2 billion (up 51% YoY) and an operating profit of $65.2 million in 2021. From 2020 to 2025, we have assumed the company's sales to grow at a CAGR of 28.6%. We have also assumed the company's operating margin to turn positive to 3% in 2021 from -4.3% in 2020. We estimate its operating margins to improve further to 6.8% in 2022, 10.6% in 2023, and 17.8% in 2025. We estimate AppLovin to have sales of $5.1 billion and an operating profit of $0.9 billion in 2025.Company BackgroundThecompanyoriginally started its business helping customers to improve the smartphone customer experiences for all the users. In recent years, the company has become a much bigger player in the mobile gaming segment and it also helps developers to grow their users and improve the monetization of their apps.According to IDC, the company's totalmarket opportunityis estimated to be $189 billion in 2020, growing to $283 billion in 2024, representing a CAGR of 10.6% in this period. This total market size of $184 billion was derived by adding the worldwide total in-app advertising revenue of $101 billion (including gaming and non-gaming in-app display, video, and other advertising, but excluding in-app search advertising) and worldwide direct game spending of $88 billion for 2020.AppLovin has invested about $1 billion in 15 acquisitions and partnerships since 2018. It owns more than 200 free-to-play mobile games from 12 studios.AppLovinlaunched a gaming business unit called Lion Studios in July 2018. It also acquired a company called Max in September 2018. Max provides in-app bidding service, which is a type of advertising where mobile publishers can sell their ad inventory in an auction method). AppLovin also owns and operates gaming studios Machine Zone, Belka Games, PeopleFun and Firecraft Studios.In February 2021, AppLovin signed an agreement to purchase Adjust for $1 billion (including $598 million in cash and $352 million in convertible securities, and an assumption of up to $40 million in debt). Adjust is a leading mobile app analytics& marketing products company in Germany. Adjust provides tools to prevent mobile advertising fraud and better measure the user base. This acquisition is expected to close in 1H 2021.In the IPO prospectus, the company mentioned that it plans to use $75 million of its Class A common shares for charitable purposes. If the company raises $1 billion in the IPO, this would represent nearly 7.5% of total amount. This is a bit unusual to have this large number of shares allocated for charitable purposes. We applaud this move by the CEO and its senior management. Adam Foroughi, the co-founder and CEO of AppLovin, previously co-founded two advertising technology companies, Lifestreet Media Inc. and Social Hour Inc.AppLovin (Key Metrics)The table provides the company's key metrics. There has been a strong increase in the monthly active payers which jumped from 0.3 million in 2018 to 1.0 million in 2019 and 1.5 million in 2020. However, the enterprise clients declined from 192 in 2018 to 172 in 2020. The company defines its enterprise clients as third-party business clients from which it has collected more than $125,000 of revenue in the trailing 12 months. Average revenue per monthly active payer increased from $11 in 2018 to $32 in 2019 and $41 in 2020.The company's main businesses comprise of its platform and apps. Its platform business mainly includes AppLovin Core Technologies and AppLovin Software. Its apps consist of over 200 free-to-play mobile games in five genres, run by 12 studios including those owned by the company and also those it partners with. The five major game genres offering by the company include casual, hypercasual, match-three, midcore, and card/casino. No single game of the company contributed more than 16% of its total revenue in 2020.Source: Company dataThe company collects revenue from two sources including business clients and consumers. In 2020, business clients accounted for 49% of total revenue and consumers represented 51% of total revenue.Business Clients:The company has a wide range of business clients including Facebook(NASDAQ:FB), Google, and a number of much smaller companies. It had 1,400 business clients at the end of 2020. Nearly 99% of the company's business revenue came from its 172 enterprise clients as of December 31, 2020. The company also had a solid customer retention rate of 118% in 2020 for its enterprise clients.AppLovin Software is a comprehensive suite of tools for developers to get their mobile apps discovered and downloaded by the right users, optimize return on marketing spend, and maximize monetization of engagement. AppLovin Software reaches an audience of over 410 million users per day. The company's software solutions provide tools for mobile app developers to expand their businesses by optimizing and automating the marketing and monetization of their apps. Since inception, the company's platform has driven more than 6 billion mobile app installs.The company's main software includes AppDiscovery and MAX. Business clients use AppDiscovery to automate, optimize, and manage their app user acquisition investments. They set marketing and user growth goals, and AppDiscovery optimizes their ad spend in an effort to achieve their return on advertising spend targets and other marketing objectives. AppDiscovery comprises the vast majority of revenue from its software.Revenue is generated from the advertisers, typically on a performance-based, cost-per-install basis, and shared with the company's advertising publishers, typically on a cost per impression model. Business clients use MAX to optimize purchases of app ad inventory.The Compass Analytics tool within MAX provides insights to manage against key performance indicators, understand the long-term value of users, and help manage profitability. Revenue from MAX is generated based on a percentage of client spend. Business clients that purchase advertising inventory from the company's Apps are able to target highly relevant users from its diverse and global portfolio of over 200 mobile games.Consumers:The company has also developed and invested in AppLovin Apps, which consist of a globally diversified portfolio of over 200 free-to-play mobile games. These Apps are accessed by nearly 32 million users every day. Consumer revenue is generated when the user of its apps makes an in-app purchase (IAP).The company's apps are mostly free-to-play mobile games and generate consumer revenue through in-app purchase of virtual items which are used to enhance gameplay and improve the probabilities of the mobile game progression opportunities.During the three months ended December 31, 2020, the company had an average of 2.1 million monthly active payers (MAPs) across its portfolio of apps. Over that period, the company had an average revenue per monthly active payer of $41.Major CompetitorsIn the mobile games and other mobile game app related businesses, the major competitors include Unity Software, Activision Blizzard, Tencent Holdings(OTCPK:TCEHY), and Zynga. In the advertising platform business, the company's major competitors include Facebook, Alphabet, and Amazon (AMZN). Many of these companies are also AppLovin's partners and customers. In addition to these mega companies, the company faces competition from thousands of smaller competitors worldwide.Balance Sheet and Cash Flow AnalysisThe company has a leveraged balance sheet. Net debt increased from $0.8 billion at the end of 2019 to $1.3 billion at the end of 2020. Net debt to adjusted EBITDA ratio also rose from 260% at the end of 2019 to 315% at the end of 2020. After KKR invested in the company in 2018, it appears that AppLovin was advised to add more leverage and expand the business more aggressively through numerous acquisitions. Through this IPO, the company's balance sheet will become much stronger.The company generated positive cash flow from operations and free cash flow in the past two years. Its cash flow from operations and free cash flow averaged $211 million and $207 million, respectively, in 2019 and 2020.ConclusionAppLovin is one of the key beneficiaries of the surging growth of game-related mobile apps. Our base case valuation of AppLovin is EV of $35.1 billion, implied market cap of $35.7 billion, and target price per share of $99.8, which is about 17% higher than the high end of the IPO price range. In recent months, some of the major game-related IPOs including Roblox and Unity Software have done really well, although their share prices have come down from their recent highs. AppLovin will likely be compared against these stocks.Despite AppLovin's decline in operating margins in 2020 due to higher operating expenses, it is more likely that investors will focus on the company's ability to continue to scale up the business and generate higher sales growth. There remains some uncertainty in terms of how quickly the company is willing to focus on the probability at the expense of lower sales growth. In addition, there are some concerns about the recent weakening sentiment on the tech-related IPOs.","news_type":1},"isVote":1,"tweetType":1,"viewCount":325,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363494752,"gmtCreate":1614161623676,"gmtModify":1704888899458,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Hmms","listText":"Hmms","text":"Hmms","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/363494752","repostId":"1103996457","repostType":4,"repost":{"id":"1103996457","kind":"news","pubTimestamp":1614151573,"share":"https://ttm.financial/m/news/1103996457?lang=&edition=fundamental","pubTime":"2021-02-24 15:26","market":"us","language":"en","title":"Credit Suisse, UBS Moving Bankers to China From Hong Kong","url":"https://stock-news.laohu8.com/highlight/detail?id=1103996457","media":"Bloomberg","summary":"Swiss firms are relocating bankers to lift China dealmakingGlobal banks build up in world’s fastest ","content":"<ul><li>Swiss firms are relocating bankers to lift China dealmaking</li><li>Global banks build up in world’s fastest growing major economy</li></ul><p>Credit Suisse Group AG&nbsp;and&nbsp;UBS Group AGare relocating a number of bankers to mainland China from Hong Kong to better compete for deals after the world’s fastest growing major economy relaxed curbs on foreign financial firms.</p><p>Credit Suisse recently moved three directors, including Vivian Feng, Richard Kot and Felix Meng, as well as four more junior bankers, to the mainland, according to people familiar with the matter who asked not to be named discussing internal decisions. UBS is in the process of shifting several managing directors, though no final decision has been made, people familiar with the deliberations said.</p><p>Competition is heating up in China after the nation last year allowed foreign firms to fully own their onshore securities businesses. Credit Suisse and UBS, as well as U.S. rivals such as&nbsp;Goldman Sachs Group Inc.&nbsp;and JPMorgan Chase &amp; Co., are boosting their presence in the country, in some cases seeking to double staff, to chase after profits that are estimated to reach $47 billion in investment banking alone by 2026.</p><p>Veteran banker Houston Huang, who oversaw China deal-making for JPMorgan Chase &amp; Co. from Hong Kong, relocated in February to Shanghai after being&nbsp;named&nbsp;chief executive and head of investment banking for its securities joint venture on the mainland, people familiar said.</p><p>Media representatives at the Swiss firms and JPMorgan said they couldn’t comment.</p><p>Having bankers in Hong Kong, long a bridge between the West and China, is becoming less crucial as the mainland market opens. The moves are in part prompted by concerns over continued restrictions on travel to and from Hong Kong, which is making it hard to do deals on the mainland. The city has struggled to stamp out a fourth coronavirus wave, while in mainland China it’s largely business as usual.</p><p>UBS and Credit Suisse both have aggressive plans to expand on the mainland. UBS in late 2018 became the first global investment bank to gain control of a local securities joint venture.</p><p>Helman Sitohang, the Credit Suisse Asia Pacific chief executive officer, said in an interview last week that the bank is seeking to gain full control over its venture as soon as possible. The bank plans to double its headcount in the country and has been working to upgrade its infrastructure as well as moving bankers to China.</p><p>Credit Suisse and UBS both ranked outside of the top 10 last year arranging Chinese share sales on the mainland and in Hong Kong, trailing China’s biggest firms as well as Morgan Stanley and Goldman Sachs, data compiled by Bloomberg show.</p><p>UBS ranked third in advising on mergers and acquisitions in China over the past 12 months, trailing CICC and Goldman Sachs. The Swiss bank’s standing was boosted by its work on a natural gas pipeline&nbsp;deal.</p><p>Other banks such as Morgan Stanley have also been moving people out of Hong Kong to bases on the mainland.</p><p>But banks have had some difficulties in persuading Hong Kong-based senior bankers to move to due to higher taxes, lifestyle differences and family reasons.</p><p>China recently signaled it would start taxing its citizens living abroad, though questions remain how broadly the authorities will apply the new rules in Hong Kong. China’s tax rate is as high as 45%, while Hong Kong’s is about 15%.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Credit Suisse, UBS Moving Bankers to China From Hong Kong</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\">\nCredit Suisse, UBS Moving Bankers to China From Hong Kong\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 15:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://bloomberg.com/news/articles/2021-02-24/credit-suisse-ubs-move-bankers-to-mainland-china-from-hong-kong?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Swiss firms are relocating bankers to lift China dealmakingGlobal banks build up in world’s fastest growing major economyCredit Suisse Group AG and UBS Group AGare relocating a number of bankers to ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-02-24/credit-suisse-ubs-move-bankers-to-mainland-china-from-hong-kong?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBS":"瑞银"},"source_url":"http://bloomberg.com/news/articles/2021-02-24/credit-suisse-ubs-move-bankers-to-mainland-china-from-hong-kong?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103996457","content_text":"Swiss firms are relocating bankers to lift China dealmakingGlobal banks build up in world’s fastest growing major economyCredit Suisse Group AG and UBS Group AGare relocating a number of bankers to mainland China from Hong Kong to better compete for deals after the world’s fastest growing major economy relaxed curbs on foreign financial firms.Credit Suisse recently moved three directors, including Vivian Feng, Richard Kot and Felix Meng, as well as four more junior bankers, to the mainland, according to people familiar with the matter who asked not to be named discussing internal decisions. UBS is in the process of shifting several managing directors, though no final decision has been made, people familiar with the deliberations said.Competition is heating up in China after the nation last year allowed foreign firms to fully own their onshore securities businesses. Credit Suisse and UBS, as well as U.S. rivals such as Goldman Sachs Group Inc. and JPMorgan Chase & Co., are boosting their presence in the country, in some cases seeking to double staff, to chase after profits that are estimated to reach $47 billion in investment banking alone by 2026.Veteran banker Houston Huang, who oversaw China deal-making for JPMorgan Chase & Co. from Hong Kong, relocated in February to Shanghai after being named chief executive and head of investment banking for its securities joint venture on the mainland, people familiar said.Media representatives at the Swiss firms and JPMorgan said they couldn’t comment.Having bankers in Hong Kong, long a bridge between the West and China, is becoming less crucial as the mainland market opens. The moves are in part prompted by concerns over continued restrictions on travel to and from Hong Kong, which is making it hard to do deals on the mainland. The city has struggled to stamp out a fourth coronavirus wave, while in mainland China it’s largely business as usual.UBS and Credit Suisse both have aggressive plans to expand on the mainland. UBS in late 2018 became the first global investment bank to gain control of a local securities joint venture.Helman Sitohang, the Credit Suisse Asia Pacific chief executive officer, said in an interview last week that the bank is seeking to gain full control over its venture as soon as possible. The bank plans to double its headcount in the country and has been working to upgrade its infrastructure as well as moving bankers to China.Credit Suisse and UBS both ranked outside of the top 10 last year arranging Chinese share sales on the mainland and in Hong Kong, trailing China’s biggest firms as well as Morgan Stanley and Goldman Sachs, data compiled by Bloomberg show.UBS ranked third in advising on mergers and acquisitions in China over the past 12 months, trailing CICC and Goldman Sachs. The Swiss bank’s standing was boosted by its work on a natural gas pipeline deal.Other banks such as Morgan Stanley have also been moving people out of Hong Kong to bases on the mainland.But banks have had some difficulties in persuading Hong Kong-based senior bankers to move to due to higher taxes, lifestyle differences and family reasons.China recently signaled it would start taxing its citizens living abroad, though questions remain how broadly the authorities will apply the new rules in Hong Kong. China’s tax rate is as high as 45%, while Hong Kong’s is about 15%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":60,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":379773040,"gmtCreate":1618798489280,"gmtModify":1704714999913,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Like comment","listText":"Like comment","text":"Like comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/379773040","repostId":"1118893926","repostType":4,"isVote":1,"tweetType":1,"viewCount":298,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340974934,"gmtCreate":1617335028128,"gmtModify":1704698925225,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Buy tesla","listText":"Buy tesla","text":"Buy tesla","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/340974934","repostId":"1107632651","repostType":4,"repost":{"id":"1107632651","kind":"news","pubTimestamp":1617328211,"share":"https://ttm.financial/m/news/1107632651?lang=&edition=fundamental","pubTime":"2021-04-02 09:50","market":"us","language":"en","title":"Forget Tesla - These 2 High-Yielding Stocks Win No Matter What","url":"https://stock-news.laohu8.com/highlight/detail?id=1107632651","media":"seeking alpha","summary":"Summary\n\nEven despite Cathie's $3,000 price target, we think that Tesla is overhyped and overvalued.","content":"<p>Summary</p>\n<ul>\n <li>Even despite Cathie's $3,000 price target, we think that Tesla is overhyped and overvalued.</li>\n <li>Most individual investors would do much better if they stuck to simple and boring businesses that they can truly understand.</li>\n <li>We present two such investment opportunities that we currently hold in our portfolio.</li>\n <li>Looking for a portfolio of ideas like this one? Members of High Yield Landlord get exclusive access to our model portfolio.Learn More »</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/707bb99dcaa93d75f576a78ef1ecd11c\" tg-width=\"768\" tg-height=\"512\"><span>Photo by jetcityimage/iStock Editorial via Getty Images</span></p>\n<p>Recently, the bigheadlineon Seeking Alpha was that<b>ARK Invest</b>'s Cathie Wood (ARKK) fired off a $3,000 price target on<b>Tesla</b>(TSLA):</p>\n<p><img src=\"https://static.tigerbbs.com/02053a15727b588e2f5a46b969d0df61\" tg-width=\"640\" tg-height=\"86\" referrerpolicy=\"no-referrer\"></p>\n<p>The news generated a lot of interest as can be seen in the 849 comments!</p>\n<p>The current share price is $610, so this means that Tesla has 392% upside potential according to this estimate.</p>\n<p><b>But how realistic is this really?</b></p>\n<p>Tesla has already risen by 500% over the past year...</p>\n<p>It is already a massive company with a $600 billion market cap...</p>\n<p>It trades at over 100x earnings even based on highly optimistic expectations...</p>\n<p>And perhaps the most disturbing part is that its main business is cars, which is arguably one of the worst businesses there is:</p>\n<ul>\n <li>Low margin</li>\n <li>Capital intensive</li>\n <li>Very cyclical</li>\n <li>High recurrent capex</li>\n <li>Extremely competitive</li>\n</ul>\n<p>To give credit where it is due, Tesla is an innovator and it has had great success so far. But now, competitors are coming for their piece of the pie and doubling down on their efforts to produce and sell electric vehicles that directly compete with Tesla.</p>\n<p>Before you discredit the competition, just take a look at<b>Volkswagen</b>'s (OTCPK:VWAGY) share price as it moves to take over some of Tesla's business:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/033eebc06e1dc30c8b8dc96434368dc6\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>If Tesla struggled to turn a profit with close to no competition, how will it perform once all major car manufacturers begin to seriously scale their electric car businesses?</p>\n<p>Soon, it will be much cooler to have a brand-new electric Audi than buying a Tesla, which is getting boring in comparison. Teslas are everywhere already and it is not what will set you apart:</p>\n<p><img src=\"https://static.tigerbbs.com/529cd088addaec4e564629082f1b66ba\" tg-width=\"1280\" tg-height=\"801\" referrerpolicy=\"no-referrer\"></p>\n<p>I can't help but think that Cathie's $3,000 price tagunderestimatesthe impact of rising competition:</p>\n<blockquote>\n \"In ARK's view, companies with 'old world DNA' are unlikely to transition quickly enough to dominate the new world. Often the difference between old and new world DNA are plans for linear as opposed to exponential growth trajectories. Tesla's stated goal for 2030 is three terawatt-hours of annual production, 12.5 times more than VW's 240 gigawatt-hours. In an exponential world, companies thinking linearly could be left behind.\"\n</blockquote>\n<p>Call me \"old-world\", but that makes little sense to me.</p>\n<p>I think that Volkswagen is much more capable and efficient than they make it seem to be, and Volkswagen is just one company among many others that are moving into this space.</p>\n<p><b>The bottom line is that Tesla is a car company. We hate car businesses. And we hate even more its current valuation and future business prospects.</b><i>(I get that Tesla isn't just about cars, but its other segments are not profitable and very small in comparison).</i></p>\n<p>With so many question marks about Tesla's future, we see Tesla's stock as highly speculative at best, and outright dangerous at worst.</p>\n<p>Tesla is exciting... but speculating with Tesla-type stocks rarely ends well for individual investors. We think that most investors would do much better if they just focused on boring investments instead.</p>\n<p>Good investing should be boring, not exciting, and there is nothing wrong with earning steady 8-12% annual returns from defensive investments.</p>\n<p>Forget Tesla, buy these boring high-yielding stocks instead:</p>\n<p>Boardwalk (OTCPK:BOWFF)</p>\n<p>Apartment communities are some of my favorite investments because:</p>\n<ul>\n <li>They are very simple to understand.</li>\n <li>They generate defensive income from rents.</li>\n <li>They provide steady growth and inflation protection.</li>\n</ul>\n<p>It does not get more boring than this, but that's a good thing in my book.</p>\n<p>You buy the property. You get a cheap mortgage. And then you rent it out and let your tenants pay off your mortgage, all while you earn steady income and wait for the property to appreciate.</p>\n<p>The only downside is that the management of apartment communities can be time-consuming and stressful. You don't want your investment to turn into a part-time job, which is often the case when you start to deal with tenants.</p>\n<p>That's one of the many reasons why we like apartment REITs.</p>\n<p>They allow us to invest in apartment communities and enjoy their returns without actually having to do any of the operational work. Moreover, we also enjoy better liquidity, low transaction cost, diversification, and professional management, all of which, improve the risk-adjusted returns.</p>\n<p>Unfortunately, in today's market, most apartment REITs are quite popular and trade at close to fair value. Companies like Essex Property (ESS), Equity Residential (EQR), and Mid-America (MAA) may prove to be attractive long-term investments, but they are priced at ~20x cash flow, which isn't particularly cheap when you consider that they are suffering from the pandemic.</p>\n<p>We think that better opportunities are today in smaller and lesser-known apartment REITs, particularly in foreign markets.</p>\n<p>Currently, one of our favorite opportunities is<b>Boardwalk REIT</b>, which is a small Canadian apartment REIT with a well-diversified portfolio of Class B affordable apartment communities:</p>\n<p>The nice thing about BOWFF is that because it specializes in affordable apartment communities, its income is very resilient. Affordable housing is always needed, and especially so during times of crisis when people cut back on spending.</p>\n<p>Moreover, BOWFF's current rents are 10-20% below market and the management is able to unlock value and hike rents by doing minor cosmetic fixes to its properties. Here is an example in which they renovated the community room at Spruce Gardens in Calgary:</p>\n<p><img src=\"https://static.tigerbbs.com/70a3166f4c81d7426b1138d419af8af1\" tg-width=\"640\" tg-height=\"356\" referrerpolicy=\"no-referrer\"></p>\n<p>These small esthetic improvements make a big difference when leasing apartments to new tenants, and we saw that in 2020 as they managed to grow rents even despite the pandemic:</p>\n<ul>\n <li>3.7% same property NOI growth.</li>\n <li>6.6% FFO per share growth.</li>\n <li>9.3% FFO per share growth, excluding one-time retirement costs.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/f9c44a71c7c43f87c20d3b10a5b90a13\" tg-width=\"640\" tg-height=\"292\" referrerpolicy=\"no-referrer\"></p>\n<p>These results are better than 99% of apartment REITs.</p>\n<p>Based on that you would expect it to trade at a premium valuation, but it is actually the opposite:</p>\n<p>BOWFF is today priced at just 13x FFO and a 40% discount to estimated NAV, which is much cheaper than most other apartment REITs.</p>\n<p>We estimate that the company has 50% upside potential, and while you wait earn steady cash flow from the properties. The cash flow yield is nearly 8% at today's price, and BOWFF pays out 3% of that in dividends and reinvests the other 5% in growing its business.</p>\n<p>That's very attractive for a defensive apartment REIT investment.</p>\n<p>VICI Properties (VICI)</p>\n<p><b>VICI Properties</b>is a net lease REIT, which is one of our property sectors at High Yield Landlord.</p>\n<p>In case you are not familiar with net lease properties, they are single-tenant freestanding properties that serve as profit centers to their tenants. Good examples include McDonald's (MCD) restaurants, Dollar General (DG) convenience stores, 7/11 gas stations, etc.</p>\n<p>What makes these properties so attractive is that their leases are generally very favorable to the landlord. That's why we call them \"net leases\":</p>\n<ul>\n <li>The lease term is generally very long at 10-15 years.</li>\n <li>The rent is automatically increased by 1-2% each year.</li>\n <li>And most importantly, the tenant pays all property expenses, incl. repairs.</li>\n</ul>\n<p>Illustrative picture of a Walgreens (WBA) net lease property:</p>\n<p><img src=\"https://static.tigerbbs.com/651e42f00c4d2ca65e5e344c5d310363\" tg-width=\"1024\" tg-height=\"536\" referrerpolicy=\"no-referrer\"></p>\n<p>As such, these properties are resilient to recessions, and net lease REITs are able to pay steadily rising dividends even when times get tough.</p>\n<p>In fact, during the pandemic, most of these REITs hiked their dividends.</p>\n<p>But none of them hiked it by as much as VICI Properties, which really made a statement by hiking it by 11% in the midst of the crisis.</p>\n<p>What's unique about VICI is that unlike most other net lease REITs, it specializes in only net leased Casinos. This has many advantages as highlighted in the table below:</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Casino Net Lease Property</b></td>\n   <td><b>Regular Net Lease Property</b></td>\n  </tr>\n  <tr>\n   <td><b>Cap rate</b></td>\n   <td>7-9%</td>\n   <td>5-7%</td>\n  </tr>\n  <tr>\n   <td><b>Rent escalations</b></td>\n   <td>1.5-2%</td>\n   <td>1-1.5%</td>\n  </tr>\n  <tr>\n   <td><b>Lease Length</b></td>\n   <td>15 + 5</td>\n   <td>10-15 + 5</td>\n  </tr>\n  <tr>\n   <td><b>Normalized Rent Coverage</b></td>\n   <td>3-4x</td>\n   <td>2-3x</td>\n  </tr>\n  <tr>\n   <td><b>Occupancy Rate</b></td>\n   <td>100%</td>\n   <td>98-99%</td>\n  </tr>\n  <tr>\n   <td><b>NOI Margin</b></td>\n   <td>95-100%</td>\n   <td>90-95%</td>\n  </tr>\n  <tr>\n   <td><b>Capex Need</b></td>\n   <td>Very low</td>\n   <td>Low</td>\n  </tr>\n  <tr>\n   <td><b>Barrier-to-Entry</b></td>\n   <td>High</td>\n   <td>Low</td>\n  </tr>\n  <tr>\n   <td><b>Lease Renewal Likelihood</b></td>\n   <td>Very high</td>\n   <td>High</td>\n  </tr>\n  <tr>\n   <td><b>Technology Risk</b></td>\n   <td>Below average</td>\n   <td>Depends</td>\n  </tr>\n  <tr>\n   <td><b>Master Lease Protection</b></td>\n   <td>Yes</td>\n   <td>Occasional</td>\n  </tr>\n  <tr>\n   <td><b>Mission Critical Real Estate</b></td>\n   <td>Yes</td>\n   <td>Yes, but to a lesser extent</td>\n  </tr>\n  <tr>\n   <td><b>Lease expiration in next 5 years</b></td>\n   <td>0% for VICI</td>\n   <td>3-5% per year on average</td>\n  </tr>\n  <tr>\n   <td><b>Competition for Investments</b></td>\n   <td>Low</td>\n   <td>High</td>\n  </tr>\n  <tr>\n   <td><b>Investment Spreads</b></td>\n   <td>Above average</td>\n   <td>Average</td>\n  </tr>\n  <tr>\n   <td><b>Iconic Assets</b></td>\n   <td>Some</td>\n   <td>No</td>\n  </tr>\n </tbody>\n</table>\n<p>Source: author</p>\n<p>During the crisis, all its tenants kept paying their rent in full and on time because these properties are absolutely essential to their businesses. Moreover, because the rent coverage ratios were high prior to the pandemic, there was enough margin of safety for its tenants to survive the storm.</p>\n<p>So while others were playing defense, VICI kept on acquiring new properties in 2020, which led to rapid cash flow growth.</p>\n<p>And it isn't stopping here. Just recently, VICIannouncedthat it is acquiring the Venetian in Las Vegas in a massive $4 billion transaction:</p>\n<p><img src=\"https://static.tigerbbs.com/d26d63c27ea152db5497dd46bb8f5550\" tg-width=\"1024\" tg-height=\"768\" referrerpolicy=\"no-referrer\"></p>\n<p>This acquisition will be immediately accretive to FFO per share, and greatly improve the average quality of VICI's portfolio.</p>\n<p>Given how it has started the year, we think that 2021 will be another year of rapid growth, with a large dividend increase coming in the second half of the year.</p>\n<p>Despite that, VICI is today priced at just 14x FFO, which is unreasonably low when compared to the multiples of its close peers. As an example Realty Income (O) is priced at 19x FFO despite growing at a much slower pace and experiencing greater difficulties during the pandemic.</p>\n<p>We expect VICI to reprice at closer to 18x FFO, which will unlock 30% upside, and while you wait, you earn a rapidly rising 4.8% dividend yield.</p>\n<p>Bottom Line</p>\n<p>Tesla is exciting, but it is also priced at an extreme valuation and its future is very uncertain. In many ways, this situation reminds us of the dot-com bubble and the following crash.</p>\n<p>Will Tesla pay off in the long run? Maybe, but it sure feels a lot more like speculation than investing at this point.</p>\n<p>We think that most individual investors would be much better off if they stuck to simple and boring businesses that generate steady and predictable cash flow.</p>\n<p>BOWFF and VICI are two good examples of that, but there are many others. At High Yield Landlord, we currently invest in 23 similar REITs that generate us an average ~10% cash flow yield while we wait patiently for long-term appreciation. Good investing should be boring, not exciting, and next to Tesla, these are very boring investments.</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>Forget Tesla - These 2 High-Yielding Stocks Win No Matter What</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\">\nForget Tesla - These 2 High-Yielding Stocks Win No Matter What\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 09:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4416867-forget-tesla-2-high-yielding-stocks-win-no-matter-what><strong>seeking alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nEven despite Cathie's $3,000 price target, we think that Tesla is overhyped and overvalued.\nMost individual investors would do much better if they stuck to simple and boring businesses that ...</p>\n\n<a href=\"https://seekingalpha.com/article/4416867-forget-tesla-2-high-yielding-stocks-win-no-matter-what\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4416867-forget-tesla-2-high-yielding-stocks-win-no-matter-what","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107632651","content_text":"Summary\n\nEven despite Cathie's $3,000 price target, we think that Tesla is overhyped and overvalued.\nMost individual investors would do much better if they stuck to simple and boring businesses that they can truly understand.\nWe present two such investment opportunities that we currently hold in our portfolio.\nLooking for a portfolio of ideas like this one? Members of High Yield Landlord get exclusive access to our model portfolio.Learn More »\n\nPhoto by jetcityimage/iStock Editorial via Getty Images\nRecently, the bigheadlineon Seeking Alpha was thatARK Invest's Cathie Wood (ARKK) fired off a $3,000 price target onTesla(TSLA):\n\nThe news generated a lot of interest as can be seen in the 849 comments!\nThe current share price is $610, so this means that Tesla has 392% upside potential according to this estimate.\nBut how realistic is this really?\nTesla has already risen by 500% over the past year...\nIt is already a massive company with a $600 billion market cap...\nIt trades at over 100x earnings even based on highly optimistic expectations...\nAnd perhaps the most disturbing part is that its main business is cars, which is arguably one of the worst businesses there is:\n\nLow margin\nCapital intensive\nVery cyclical\nHigh recurrent capex\nExtremely competitive\n\nTo give credit where it is due, Tesla is an innovator and it has had great success so far. But now, competitors are coming for their piece of the pie and doubling down on their efforts to produce and sell electric vehicles that directly compete with Tesla.\nBefore you discredit the competition, just take a look atVolkswagen's (OTCPK:VWAGY) share price as it moves to take over some of Tesla's business:\nData by YCharts\nIf Tesla struggled to turn a profit with close to no competition, how will it perform once all major car manufacturers begin to seriously scale their electric car businesses?\nSoon, it will be much cooler to have a brand-new electric Audi than buying a Tesla, which is getting boring in comparison. Teslas are everywhere already and it is not what will set you apart:\n\nI can't help but think that Cathie's $3,000 price tagunderestimatesthe impact of rising competition:\n\n \"In ARK's view, companies with 'old world DNA' are unlikely to transition quickly enough to dominate the new world. Often the difference between old and new world DNA are plans for linear as opposed to exponential growth trajectories. Tesla's stated goal for 2030 is three terawatt-hours of annual production, 12.5 times more than VW's 240 gigawatt-hours. In an exponential world, companies thinking linearly could be left behind.\"\n\nCall me \"old-world\", but that makes little sense to me.\nI think that Volkswagen is much more capable and efficient than they make it seem to be, and Volkswagen is just one company among many others that are moving into this space.\nThe bottom line is that Tesla is a car company. We hate car businesses. And we hate even more its current valuation and future business prospects.(I get that Tesla isn't just about cars, but its other segments are not profitable and very small in comparison).\nWith so many question marks about Tesla's future, we see Tesla's stock as highly speculative at best, and outright dangerous at worst.\nTesla is exciting... but speculating with Tesla-type stocks rarely ends well for individual investors. We think that most investors would do much better if they just focused on boring investments instead.\nGood investing should be boring, not exciting, and there is nothing wrong with earning steady 8-12% annual returns from defensive investments.\nForget Tesla, buy these boring high-yielding stocks instead:\nBoardwalk (OTCPK:BOWFF)\nApartment communities are some of my favorite investments because:\n\nThey are very simple to understand.\nThey generate defensive income from rents.\nThey provide steady growth and inflation protection.\n\nIt does not get more boring than this, but that's a good thing in my book.\nYou buy the property. You get a cheap mortgage. And then you rent it out and let your tenants pay off your mortgage, all while you earn steady income and wait for the property to appreciate.\nThe only downside is that the management of apartment communities can be time-consuming and stressful. You don't want your investment to turn into a part-time job, which is often the case when you start to deal with tenants.\nThat's one of the many reasons why we like apartment REITs.\nThey allow us to invest in apartment communities and enjoy their returns without actually having to do any of the operational work. Moreover, we also enjoy better liquidity, low transaction cost, diversification, and professional management, all of which, improve the risk-adjusted returns.\nUnfortunately, in today's market, most apartment REITs are quite popular and trade at close to fair value. Companies like Essex Property (ESS), Equity Residential (EQR), and Mid-America (MAA) may prove to be attractive long-term investments, but they are priced at ~20x cash flow, which isn't particularly cheap when you consider that they are suffering from the pandemic.\nWe think that better opportunities are today in smaller and lesser-known apartment REITs, particularly in foreign markets.\nCurrently, one of our favorite opportunities isBoardwalk REIT, which is a small Canadian apartment REIT with a well-diversified portfolio of Class B affordable apartment communities:\nThe nice thing about BOWFF is that because it specializes in affordable apartment communities, its income is very resilient. Affordable housing is always needed, and especially so during times of crisis when people cut back on spending.\nMoreover, BOWFF's current rents are 10-20% below market and the management is able to unlock value and hike rents by doing minor cosmetic fixes to its properties. Here is an example in which they renovated the community room at Spruce Gardens in Calgary:\n\nThese small esthetic improvements make a big difference when leasing apartments to new tenants, and we saw that in 2020 as they managed to grow rents even despite the pandemic:\n\n3.7% same property NOI growth.\n6.6% FFO per share growth.\n9.3% FFO per share growth, excluding one-time retirement costs.\n\n\nThese results are better than 99% of apartment REITs.\nBased on that you would expect it to trade at a premium valuation, but it is actually the opposite:\nBOWFF is today priced at just 13x FFO and a 40% discount to estimated NAV, which is much cheaper than most other apartment REITs.\nWe estimate that the company has 50% upside potential, and while you wait earn steady cash flow from the properties. The cash flow yield is nearly 8% at today's price, and BOWFF pays out 3% of that in dividends and reinvests the other 5% in growing its business.\nThat's very attractive for a defensive apartment REIT investment.\nVICI Properties (VICI)\nVICI Propertiesis a net lease REIT, which is one of our property sectors at High Yield Landlord.\nIn case you are not familiar with net lease properties, they are single-tenant freestanding properties that serve as profit centers to their tenants. Good examples include McDonald's (MCD) restaurants, Dollar General (DG) convenience stores, 7/11 gas stations, etc.\nWhat makes these properties so attractive is that their leases are generally very favorable to the landlord. That's why we call them \"net leases\":\n\nThe lease term is generally very long at 10-15 years.\nThe rent is automatically increased by 1-2% each year.\nAnd most importantly, the tenant pays all property expenses, incl. repairs.\n\nIllustrative picture of a Walgreens (WBA) net lease property:\n\nAs such, these properties are resilient to recessions, and net lease REITs are able to pay steadily rising dividends even when times get tough.\nIn fact, during the pandemic, most of these REITs hiked their dividends.\nBut none of them hiked it by as much as VICI Properties, which really made a statement by hiking it by 11% in the midst of the crisis.\nWhat's unique about VICI is that unlike most other net lease REITs, it specializes in only net leased Casinos. This has many advantages as highlighted in the table below:\n\n\n\nCasino Net Lease Property\nRegular Net Lease Property\n\n\nCap rate\n7-9%\n5-7%\n\n\nRent escalations\n1.5-2%\n1-1.5%\n\n\nLease Length\n15 + 5\n10-15 + 5\n\n\nNormalized Rent Coverage\n3-4x\n2-3x\n\n\nOccupancy Rate\n100%\n98-99%\n\n\nNOI Margin\n95-100%\n90-95%\n\n\nCapex Need\nVery low\nLow\n\n\nBarrier-to-Entry\nHigh\nLow\n\n\nLease Renewal Likelihood\nVery high\nHigh\n\n\nTechnology Risk\nBelow average\nDepends\n\n\nMaster Lease Protection\nYes\nOccasional\n\n\nMission Critical Real Estate\nYes\nYes, but to a lesser extent\n\n\nLease expiration in next 5 years\n0% for VICI\n3-5% per year on average\n\n\nCompetition for Investments\nLow\nHigh\n\n\nInvestment Spreads\nAbove average\nAverage\n\n\nIconic Assets\nSome\nNo\n\n\n\nSource: author\nDuring the crisis, all its tenants kept paying their rent in full and on time because these properties are absolutely essential to their businesses. Moreover, because the rent coverage ratios were high prior to the pandemic, there was enough margin of safety for its tenants to survive the storm.\nSo while others were playing defense, VICI kept on acquiring new properties in 2020, which led to rapid cash flow growth.\nAnd it isn't stopping here. Just recently, VICIannouncedthat it is acquiring the Venetian in Las Vegas in a massive $4 billion transaction:\n\nThis acquisition will be immediately accretive to FFO per share, and greatly improve the average quality of VICI's portfolio.\nGiven how it has started the year, we think that 2021 will be another year of rapid growth, with a large dividend increase coming in the second half of the year.\nDespite that, VICI is today priced at just 14x FFO, which is unreasonably low when compared to the multiples of its close peers. As an example Realty Income (O) is priced at 19x FFO despite growing at a much slower pace and experiencing greater difficulties during the pandemic.\nWe expect VICI to reprice at closer to 18x FFO, which will unlock 30% upside, and while you wait, you earn a rapidly rising 4.8% dividend yield.\nBottom Line\nTesla is exciting, but it is also priced at an extreme valuation and its future is very uncertain. In many ways, this situation reminds us of the dot-com bubble and the following crash.\nWill Tesla pay off in the long run? Maybe, but it sure feels a lot more like speculation than investing at this point.\nWe think that most individual investors would be much better off if they stuck to simple and boring businesses that generate steady and predictable cash flow.\nBOWFF and VICI are two good examples of that, but there are many others. At High Yield Landlord, we currently invest in 23 similar REITs that generate us an average ~10% cash flow yield while we wait patiently for long-term appreciation. Good investing should be boring, not exciting, and next to Tesla, these are very boring investments.","news_type":1},"isVote":1,"tweetType":1,"viewCount":309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323431430,"gmtCreate":1615366075920,"gmtModify":1704781696339,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323431430","repostId":"1140398434","repostType":4,"isVote":1,"tweetType":1,"viewCount":218,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363494967,"gmtCreate":1614161580259,"gmtModify":1704888898157,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363494967","repostId":"1108293170","repostType":4,"isVote":1,"tweetType":1,"viewCount":134,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387166222,"gmtCreate":1613728532066,"gmtModify":1704884222236,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Hmms. Buy more?","listText":"Hmms. Buy more?","text":"Hmms. Buy more?","images":[{"img":"https://static.tigerbbs.com/295ccf4b88947b17e8be2d5d40da21ae","width":"750","height":"1762"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/387166222","isVote":1,"tweetType":1,"viewCount":63,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":357802841,"gmtCreate":1617253136083,"gmtModify":1704697846228,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/357802841","repostId":"1129134980","repostType":4,"repost":{"id":"1129134980","kind":"news","pubTimestamp":1617247901,"share":"https://ttm.financial/m/news/1129134980?lang=&edition=fundamental","pubTime":"2021-04-01 11:31","market":"us","language":"en","title":"Hong Kong Hit by Dozens of Trading Halts After Earnings Deadline","url":"https://stock-news.laohu8.com/highlight/detail?id=1129134980","media":"Bloomberg","summary":"(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a","content":"<p>(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a number of firms failed to report earnings ahead of the March 31 deadline.</p>\n<p>The mass suspensions come as March 31 was the last day to report annual results for Hong Kong-listed companies. GCL-Poly Energy Holdings Ltd. and China Huarong Asset Management were among the firms that announced a trading halt. At least 9 Hong Kong companies suspended trading on April 1 of last year, versus about 25 on the same day in 2019.</p>\n<p>“It’s a bit surprising to me that so many firms delayed their earnings and most of their filings didn’t explain very clearly,” said Daniel So, a strategist at CMB International Securities Ltd. “This year surprisingly there are so many delays, much more than last year when the pandemic hit. The longer they delay in reporting earnings, the worse it will be for their share prices.”</p>\n<p>Trading halts may dampen investor sentiment toward Hong Kong’s stock market, where the benchmark gauge briefly slumped into a technical correction late last month amid setbacks in vaccine rollouts and as traders rushed to sell pricey stocks in the wake of rising bond yields.</p>\n<p>“Many investors could be worried about their earnings and quality of reports,” So of CMB International said. “If they report quickly and the audit report doesn’t have a negative opinion on those companies, it should be fine.”</p>\n<p>China Huarong said it will delay delivering its earnings as it seeks to complete a transaction. The manager of bad loans said its auditor will need more time as a transaction is still being finalized, according to a company filing. The firm’s bonds slumped.</p>\n<p>Yuzhou Group Holdings Co., a Chinese real estate firm, said on Tuesday that its auditor Ernst &amp; Young’s “strict” accounting standards were partly behind a collapse in the company’s profit last year. The stock slumped more than 7% in Hong Kong on Thursday, adding to its 7.9% slide from the previous session.</p>\n<p>The trading halts come as the China Securities Regulatory Commission vowed to advance cooperation on cross-border auditing earlier this year in a statement on its work plan for 2021. The CSRC said it would set up cross-department work groups to strengthen crackdowns on illegal behaviors including frauds in IPOs and financial reporting, market manipulation.</p>\n<p>Last year, almost all companies listed in Hong Kong were able to provide an earnings update to investors ahead of the March 31 deadline, overcoming difficulties posed by travel restrictions and an economic lockdown following the outbreak of the coronavirus.</p>\n<p>The Hang Seng Index climbed 1% as of 10:32 a.m. local time, tracking a broad rally in Asian stocks stoked by optimism over U.S. President Joe Biden’s $2.25 trillion infrastructure plan.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Hit by Dozens of Trading Halts After Earnings Deadline</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Hit by Dozens of Trading Halts After Earnings Deadline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-01 11:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-01/trading-halted-in-over-50-h-k-stocks-after-earnings-deadline?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a number of firms failed to report earnings ahead of the March 31 deadline.\nThe mass suspensions come...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-01/trading-halted-in-over-50-h-k-stocks-after-earnings-deadline?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-04-01/trading-halted-in-over-50-h-k-stocks-after-earnings-deadline?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129134980","content_text":"(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a number of firms failed to report earnings ahead of the March 31 deadline.\nThe mass suspensions come as March 31 was the last day to report annual results for Hong Kong-listed companies. GCL-Poly Energy Holdings Ltd. and China Huarong Asset Management were among the firms that announced a trading halt. At least 9 Hong Kong companies suspended trading on April 1 of last year, versus about 25 on the same day in 2019.\n“It’s a bit surprising to me that so many firms delayed their earnings and most of their filings didn’t explain very clearly,” said Daniel So, a strategist at CMB International Securities Ltd. “This year surprisingly there are so many delays, much more than last year when the pandemic hit. The longer they delay in reporting earnings, the worse it will be for their share prices.”\nTrading halts may dampen investor sentiment toward Hong Kong’s stock market, where the benchmark gauge briefly slumped into a technical correction late last month amid setbacks in vaccine rollouts and as traders rushed to sell pricey stocks in the wake of rising bond yields.\n“Many investors could be worried about their earnings and quality of reports,” So of CMB International said. “If they report quickly and the audit report doesn’t have a negative opinion on those companies, it should be fine.”\nChina Huarong said it will delay delivering its earnings as it seeks to complete a transaction. The manager of bad loans said its auditor will need more time as a transaction is still being finalized, according to a company filing. The firm’s bonds slumped.\nYuzhou Group Holdings Co., a Chinese real estate firm, said on Tuesday that its auditor Ernst & Young’s “strict” accounting standards were partly behind a collapse in the company’s profit last year. The stock slumped more than 7% in Hong Kong on Thursday, adding to its 7.9% slide from the previous session.\nThe trading halts come as the China Securities Regulatory Commission vowed to advance cooperation on cross-border auditing earlier this year in a statement on its work plan for 2021. The CSRC said it would set up cross-department work groups to strengthen crackdowns on illegal behaviors including frauds in IPOs and financial reporting, market manipulation.\nLast year, almost all companies listed in Hong Kong were able to provide an earnings update to investors ahead of the March 31 deadline, overcoming difficulties posed by travel restrictions and an economic lockdown following the outbreak of the coronavirus.\nThe Hang Seng Index climbed 1% as of 10:32 a.m. local time, tracking a broad rally in Asian stocks stoked by optimism over U.S. President Joe Biden’s $2.25 trillion infrastructure plan.","news_type":1},"isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352418461,"gmtCreate":1616992694853,"gmtModify":1704800542477,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Hmms","listText":"Hmms","text":"Hmms","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/352418461","repostId":"2123805812","repostType":4,"repost":{"id":"2123805812","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":1616988049,"share":"https://ttm.financial/m/news/2123805812?lang=&edition=fundamental","pubTime":"2021-03-29 11:20","market":"us","language":"en","title":"Fire at Pertamina's Balongon oil refinery will not impact operations -CEO","url":"https://stock-news.laohu8.com/highlight/detail?id=2123805812","media":"Reuters","summary":"JAKARTA, March 29 (Reuters) - A fire at the Balongon oil refinery operated by state-owned oil and ga","content":"<p>JAKARTA, March 29 (Reuters) - A fire at the Balongon oil refinery operated by state-owned oil and gas company PT Pertamina has not damaged the refinery’s processing capabilities, Pertamina Chief Executive Officer Nicke Widyawati told a news conference on Monday.</p><p>The blaze that broke out in the early hours of Monday, injuring five and forcing 950 residents to evacuate was focused on the refinery’s tanks, with no damage to the processing plant, Widyawati told reporters.</p><p>While the refinery was shut down to fight the fire, the company said there it hoped operations could return to normal in the next five days.</p><p>(Reporting by Fransiska Nangoy and Bernadette Christina Munthe; Writing by Kate Lamb; Editing by Christian Schmollinger)</p><p>((Kate.Lamb@thomsonreuters.com;))</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>Fire at Pertamina's Balongon oil refinery will not impact operations -CEO</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\">\nFire at Pertamina's Balongon oil refinery will not impact operations -CEO\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-03-29 11:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>JAKARTA, March 29 (Reuters) - A fire at the Balongon oil refinery operated by state-owned oil and gas company PT Pertamina has not damaged the refinery’s processing capabilities, Pertamina Chief Executive Officer Nicke Widyawati told a news conference on Monday.</p><p>The blaze that broke out in the early hours of Monday, injuring five and forcing 950 residents to evacuate was focused on the refinery’s tanks, with no damage to the processing plant, Widyawati told reporters.</p><p>While the refinery was shut down to fight the fire, the company said there it hoped operations could return to normal in the next five days.</p><p>(Reporting by Fransiska Nangoy and Bernadette Christina Munthe; Writing by Kate Lamb; Editing by Christian Schmollinger)</p><p>((Kate.Lamb@thomsonreuters.com;))</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6f19e210e446cb12c51ea3dda5572ab6","relate_stocks":{"UCO":"二倍做多彭博原油ETF","DGAZ":"三倍做空天然气ETN(VelocityShares)","UNG":"美国天然气基金","UGAZ":"三倍做多天然气ETN(VelocityShares)","USO":"美国原油ETF","DWT":"三倍做空原油ETN","DUG":"二倍做空石油与天然气ETF(ProShares)","SCO":"二倍做空彭博原油指数ETF","DDG":"ProShares做空石油与天然气ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2123805812","content_text":"JAKARTA, March 29 (Reuters) - A fire at the Balongon oil refinery operated by state-owned oil and gas company PT Pertamina has not damaged the refinery’s processing capabilities, Pertamina Chief Executive Officer Nicke Widyawati told a news conference on Monday.The blaze that broke out in the early hours of Monday, injuring five and forcing 950 residents to evacuate was focused on the refinery’s tanks, with no damage to the processing plant, Widyawati told reporters.While the refinery was shut down to fight the fire, the company said there it hoped operations could return to normal in the next five days.(Reporting by Fransiska Nangoy and Bernadette Christina Munthe; Writing by Kate Lamb; Editing by Christian Schmollinger)((Kate.Lamb@thomsonreuters.com;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":82,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":367892026,"gmtCreate":1614932391365,"gmtModify":1704777107368,"author":{"id":"3576456994933601","authorId":"3576456994933601","name":"NAMNORIMAI","avatar":"https://static.tigerbbs.com/cb1dbfe36f9e10132c7609adfce35214","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576456994933601","authorIdStr":"3576456994933601"},"themes":[],"htmlText":"Uh","listText":"Uh","text":"Uh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/367892026","repostId":"1166957106","repostType":4,"isVote":1,"tweetType":1,"viewCount":142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}