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Sheeeeep

Sheeeeep

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2022-02-11

$Rivian Automotive, Inc.(RIVN)$[Facepalm] [Facepalm] [Facepalm] [Facepalm] [Facepalm]

2022-02-10

$NVIDIA Corp(NVDA)$[Smile]

2021-08-30

$Altimeter Growth Corp.(AGC)$Hope grab ipo bring me good luck and $$

2021-06-18

Tell me your opinion about this news...

1 Growth Stock That Could Be Bigger Than Apple

2021-06-17

May invest in PayPal

3 Stocks You Can Buy and Hold for the Next Decade

2021-06-16

Is now a good time to buy[Serious] [Serious] $Altimeter Growth Corp.(AGC)$

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2021-08-04

$UNITED OVERSEAS BANK LIMITED(U11.SI)$Dividend S$0.6!!??[Surprised]

2021-07-10

$PayPal(PYPL)$gogogo

2021-06-17

$PayPal(PYPL)$Slowly slowly [Miser]

2021-06-15

Wow[Surprised]

Singapore Financial Regulator Reprimands AIA, Aviva, Prudential

2021-06-14

Nice share [Smile]

Sorry, the original content has been removed

2021-09-14

$Altimeter Growth Corp.(AGC)$[Smile]

Sorry, the original content has been removed

2021-06-18

[Surprised]

1 Growth Stock That Could Be Bigger Than Apple

2021-06-16

Good article. Very informative to ppl

Sorry, the original content has been removed

2021-09-06

[Smile]

An IFRS-Updated Complete And Comprehensive Fundamental Analysis Of Grab And AGC

2021-08-17

[Smile]

Sorry, the original content has been removed

2021-07-27

[Miser]

Could a New CEO Lead to a Stock Split at Amazon?

2021-07-01

$Consumer Staples Select Sector SPDR Fund(XLP)$Go up laaaa！

2021-06-22

$PayPal(PYPL)$[Miser] [Miser]

2021-06-16

[Happy]

Sorry, the original content has been removed

Go to Tiger App to see more news

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BIG BOSS BASH!","htmlText":"Find out more here:<a href=\"https://tigr.link/782g8o?utm_campaign=AC1707206667589EduMbB&amp;utm_medium=tiger_community&amp;shareID=2c34d40d2f5cf0d662121b273f76a20c&amp;invite=IXBEWA&amp;lang=en_US&amp;platform=android&amp;utm_source=invite\">Tiger BOSS Debit Card - BIG BOSS BASH!</a> Grab your friends, win SGD 888*!","listText":"Find out more here:<a href=\"https://tigr.link/782g8o?utm_campaign=AC1707206667589EduMbB&amp;utm_medium=tiger_community&amp;shareID=2c34d40d2f5cf0d662121b273f76a20c&amp;invite=IXBEWA&amp;lang=en_US&amp;platform=android&amp;utm_source=invite\">Tiger BOSS Debit Card - BIG BOSS BASH!</a> Grab your friends, win SGD 888*!","text":"Find out more here:Tiger BOSS Debit Card - BIG BOSS BASH! Grab your friends, win SGD 888*!","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/290245505958176","isVote":1,"tweetType":1,"viewCount":176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":268141159297312,"gmtCreate":1706495237361,"gmtModify":1706495241990,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"[Smile]&nbsp;&nbsp;","listText":"[Smile]&nbsp;&nbsp;","text":"[Smile]","images":[{"img":"https://community-static.tradeup.com/news/7cab3872a36753f503a802d63988e262","width":"750","height":"984"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/268141159297312","isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":261119955874072,"gmtCreate":1704760353390,"gmtModify":1704760357038,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"[Smile]&nbsp;&nbsp;","listText":"[Smile]&nbsp;&nbsp;","text":"[Smile]","images":[{"img":"https://community-static.tradeup.com/news/a2fe27051b1a2ba0b9f8ff5a7e27649a","width":"750","height":"984"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/261119955874072","isVote":1,"tweetType":1,"viewCount":227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":257110493561024,"gmtCreate":1703805013647,"gmtModify":1703805019175,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"I prefer to invest in ETF so that I can slack off[LOL]&nbsp;&nbsp;and no need to follow the market v closely .","listText":"I prefer to invest in ETF so that I can slack off[LOL]&nbsp;&nbsp;and no need to follow the market v closely .","text":"I prefer to invest in ETF so that I can slack off[LOL] and no need to follow the market v closely .","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/257110493561024","isVote":1,"tweetType":1,"viewCount":197,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":256536968745256,"gmtCreate":1703650377988,"gmtModify":1703650381815,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/G3B.SI\">$Nikko AM STI ETF(G3B.SI)$&nbsp;</a><a href=\"https://ttm.financial/S/G3B.SI\">$Nikko AM STI ETF(G3B.SI)$&nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/G3B.SI\">$Nikko AM STI ETF(G3B.SI)$&nbsp;</a><a href=\"https://ttm.financial/S/G3B.SI\">$Nikko AM STI ETF(G3B.SI)$&nbsp;</a>","text":"$Nikko AM STI ETF(G3B.SI)$ $Nikko AM STI ETF(G3B.SI)$","images":[{"img":"https://community-static.tradeup.com/news/28f91614ec07e8b7cbddc1717f25293d","width":"348","height":"561"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/256536968745256","isVote":1,"tweetType":1,"viewCount":261,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9915033050,"gmtCreate":1664926027170,"gmtModify":1676537528556,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[{"img":"https://community-static.tradeup.com/news/7dfb1e2a07a4e4b4705737079eef758e","width":"750","height":"984"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9915033050","isVote":1,"tweetType":1,"viewCount":213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9034801561,"gmtCreate":1647840824264,"gmtModify":1676534270798,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034801561","repostId":"9035634925","repostType":1,"repost":{"id":9035634925,"gmtCreate":1647577072546,"gmtModify":1676534246982,"author":{"id":"9000000000000652","authorId":"9000000000000652","name":"ChristKitto","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"Should You Buy Amazon Before Its Stock Split?","htmlText":"Amazon<a href=\"https://laohu8.com/S/AMZN\">$Amazon.com(AMZN)$</a> recently announced a 20-for-1 stock split.&nbsp;Shareholders of record at the market close on May 27 will receive 19 additional shares for every share they own. The split will go into effect on June 6. Unfortunately, the extra shares are not free. Shareholders get more shares, but the stock price is adjusted proportionally so that the value of the investment stays the same. Nonetheless, the lower stock price will make it easier for investors to buy a single share. If the stock split went into effect today, it means Amazon's share price would trade for about $145.&nbsp;In the very near term, the lower share price could theoretically boost demand for the stock and send it a few points higher. However, investors should bear in","listText":"Amazon<a href=\"https://laohu8.com/S/AMZN\">$Amazon.com(AMZN)$</a> recently announced a 20-for-1 stock split.&nbsp;Shareholders of record at the market close on May 27 will receive 19 additional shares for every share they own. The split will go into effect on June 6. Unfortunately, the extra shares are not free. Shareholders get more shares, but the stock price is adjusted proportionally so that the value of the investment stays the same. Nonetheless, the lower stock price will make it easier for investors to buy a single share. If the stock split went into effect today, it means Amazon's share price would trade for about $145.&nbsp;In the very near term, the lower share price could theoretically boost demand for the stock and send it a few points higher. However, investors should bear in","text":"Amazon$Amazon.com(AMZN)$ recently announced a 20-for-1 stock split. Shareholders of record at the market close on May 27 will receive 19 additional shares for every share they own. The split will go into effect on June 6. Unfortunately, the extra shares are not free. Shareholders get more shares, but the stock price is adjusted proportionally so that the value of the investment stays the same. Nonetheless, the lower stock price will make it easier for investors to buy a single share. If the stock split went into effect today, it means Amazon's share price would trade for about $145. In the very near term, the lower share price could theoretically boost demand for the stock and send it a few points higher. However, investors should bear in","images":[{"img":"https://community-static.tradeup.com/news/fc167fdd55bb9b0760cab9b0836d724f","width":"-1","height":"-1"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035634925","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9092342313,"gmtCreate":1644543177151,"gmtModify":1676533939213,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/RIVN\">$Rivian Automotive, Inc.(RIVN)$</a>[Facepalm]&nbsp;[Facepalm]&nbsp;[Facepalm]&nbsp;[Facepalm]&nbsp;[Facepalm]&nbsp;","listText":"<a href=\"https://ttm.financial/S/RIVN\">$Rivian Automotive, Inc.(RIVN)$</a>[Facepalm]&nbsp;[Facepalm]&nbsp;[Facepalm]&nbsp;[Facepalm]&nbsp;[Facepalm]&nbsp;","text":"$Rivian Automotive, Inc.(RIVN)$[Facepalm] [Facepalm] [Facepalm] [Facepalm] [Facepalm]","images":[{"img":"https://static.itradeup.com/news/741d0785cb27b64b7d880e8b46b944ce","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/9092342313","isVote":1,"tweetType":1,"viewCount":273,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9092902255,"gmtCreate":1644503688057,"gmtModify":1676533934290,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a>[Smile]&nbsp;","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a>[Smile]&nbsp;","text":"$NVIDIA Corp(NVDA)$[Smile]","images":[{"img":"https://static.itradeup.com/news/314b316160ea8b4d53e57169064b8624","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092902255","isVote":1,"tweetType":1,"viewCount":350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9003456435,"gmtCreate":1641058235977,"gmtModify":1676533568455,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[{"img":"https://static.itradeup.com/news/38edf86c702ca558b2246a1c213e18ac","width":"750","height":"984"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003456435","isVote":1,"tweetType":1,"viewCount":443,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9000757794,"gmtCreate":1640321151862,"gmtModify":1676533516486,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000757794","repostId":"2193078140","repostType":4,"repost":{"id":"2193078140","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":1640299360,"share":"https://www.laohu8.com/m/news/2193078140?lang=&edition=full","pubTime":"2021-12-24 06:42","market":"us","language":"en","title":"S&P 500 hits record close as Omicron fears ebb","url":"https://stock-news.laohu8.com/highlight/detail?id=2193078140","media":"Reuters","summary":"* Major indexes climb for 3rd straight session\n* Merck's at-home COVID-19 pill gets U.S. approval\n* ","content":"<p>* Major indexes climb for 3rd straight session</p>\n<p>* Merck's at-home COVID-19 pill gets U.S. approval</p>\n<p>* Weekly jobless claims unchanged at 205,000</p>\n<p>* Consumer spending increases 0.6% in November</p>\n<p>* Indexes up: Dow 0.55%, S&amp;P 0.62%, Nasdaq 0.85%</p>\n<p>Dec 23 (Reuters) - Wall Street's main indexes posted solid gains for a third straight session on Thursday, with the S&amp;P 500 marking a record-high close, as encouraging developments gave investors more ease about the economic impact of the Omicron coronavirus variant.</p>\n<p>Stocks ended the holiday-shortened week on a positive note, lifting sentiment heading into Christmas. Gains were broad among S&amp;P 500 sectors, led by consumer discretionary&nbsp;and industrials, which both rose about 1.2%.</p>\n<p>Vaccine makers <a href=\"https://laohu8.com/S/AZNCF\">AstraZeneca Plc</a>&nbsp;and Novavax Inc&nbsp;said their shots protected against Omicron as UK data suggested it may cause proportionally fewer hospital cases than the Delta variant, though public health experts warned the battle against COVID-19 was far from over.</p>\n<p>The arrival of Omicron has helped ratchet up market volatility for much of the last month of 2021, which has been a strong year for equities.</p>\n<p>“There was a lot of negative sentiment coming into the final part of the year, and investors have likely continued to see pretty strong economic growth and pretty positive developments as it relates to healthcare innovation around COVID and that is putting in a bit of a bid into equities and causing investors to look to allocate capital as they close out the year,” said Matthew Miskin, co-chief investment strategist at John Hancock Investment Management.</p>\n<p>The Dow Jones Industrial Average&nbsp;rose 196.67 points, or 0.55%, to 35,950.56, the S&amp;P 500&nbsp;gained 29.23 points, or 0.62%, to 4,725.79 and the Nasdaq Composite&nbsp;added 131.48 points, or 0.85%, to 15,653.37.</p>\n<p>Defensive sectors, which have mostly outperformed in December, generally lagged on Thursday. The real estate sector&nbsp;fell 0.4%.</p>\n<p>The S&amp;P 500 has gained for three days, after falling in the three prior sessions.</p>\n<p>“People are seeing the strength on Tuesday and Wednesday and all of a sudden everybody is more optimistic again,” said Robert Pavlik, senior portfolio manager at Dakota Wealth Management.</p>\n<p>For the week, the S&amp;P 500 rose 2.3%, the Dow gained about 1.7% and the Nasdaq climbed 3.2%.</p>\n<p>Trading volumes were expected to be thinner than usual ahead of the Christmas and New Year holidays. The stock market will be closed on Friday in observance of the Christmas holiday.</p>\n<p>In another medical development against the pandemic, the United States authorized Merck &amp; Co's&nbsp;antiviral pill for COVID-19 for certain high-risk adult patients, a day after giving a broader go-ahead to a similar but more effective treatment from Pfizer Inc. Merck shares fell 0.6%, while Pfizer dropped 1.4%.</p>\n<p>The number of Americans filing new claims for unemployment benefits held below pre-pandemic levels last week as the labor market tightens, while consumer spending increased solidly, putting the economy on track for a strong finish to 2021.</p>\n<p>Tesla Inc&nbsp;shares rose 5.8%, gaining sharply for a second day after Chief Executive Elon Musk said on Wednesday he was \"almost done\" with his stock sales after selling over $15 billion worth since early November.</p>\n<p>The S&amp;P 500 is up about 26% so far this year. Still, the environment for equities could be changing heading into next year as the Federal Reserve is expected to begin raising interest rates in 2022.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.40-to-1 ratio; on Nasdaq, a 2.22-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 35 new 52-week highs and no new lows; the Nasdaq Composite recorded 62 new highs and 80 new lows.</p>\n<p>About 8 billion shares changed hands in U.S. exchanges, compared with the 11.8 billion daily average over the last 20 sessions.</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>S&P 500 hits record close as Omicron fears ebb</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\">\nS&P 500 hits record close as Omicron fears ebb\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\">2021-12-24 06:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* Major indexes climb for 3rd straight session</p>\n<p>* Merck's at-home COVID-19 pill gets U.S. approval</p>\n<p>* Weekly jobless claims unchanged at 205,000</p>\n<p>* Consumer spending increases 0.6% in November</p>\n<p>* Indexes up: Dow 0.55%, S&amp;P 0.62%, Nasdaq 0.85%</p>\n<p>Dec 23 (Reuters) - Wall Street's main indexes posted solid gains for a third straight session on Thursday, with the S&amp;P 500 marking a record-high close, as encouraging developments gave investors more ease about the economic impact of the Omicron coronavirus variant.</p>\n<p>Stocks ended the holiday-shortened week on a positive note, lifting sentiment heading into Christmas. Gains were broad among S&amp;P 500 sectors, led by consumer discretionary&nbsp;and industrials, which both rose about 1.2%.</p>\n<p>Vaccine makers <a href=\"https://laohu8.com/S/AZNCF\">AstraZeneca Plc</a>&nbsp;and Novavax Inc&nbsp;said their shots protected against Omicron as UK data suggested it may cause proportionally fewer hospital cases than the Delta variant, though public health experts warned the battle against COVID-19 was far from over.</p>\n<p>The arrival of Omicron has helped ratchet up market volatility for much of the last month of 2021, which has been a strong year for equities.</p>\n<p>“There was a lot of negative sentiment coming into the final part of the year, and investors have likely continued to see pretty strong economic growth and pretty positive developments as it relates to healthcare innovation around COVID and that is putting in a bit of a bid into equities and causing investors to look to allocate capital as they close out the year,” said Matthew Miskin, co-chief investment strategist at John Hancock Investment Management.</p>\n<p>The Dow Jones Industrial Average&nbsp;rose 196.67 points, or 0.55%, to 35,950.56, the S&amp;P 500&nbsp;gained 29.23 points, or 0.62%, to 4,725.79 and the Nasdaq Composite&nbsp;added 131.48 points, or 0.85%, to 15,653.37.</p>\n<p>Defensive sectors, which have mostly outperformed in December, generally lagged on Thursday. The real estate sector&nbsp;fell 0.4%.</p>\n<p>The S&amp;P 500 has gained for three days, after falling in the three prior sessions.</p>\n<p>“People are seeing the strength on Tuesday and Wednesday and all of a sudden everybody is more optimistic again,” said Robert Pavlik, senior portfolio manager at Dakota Wealth Management.</p>\n<p>For the week, the S&amp;P 500 rose 2.3%, the Dow gained about 1.7% and the Nasdaq climbed 3.2%.</p>\n<p>Trading volumes were expected to be thinner than usual ahead of the Christmas and New Year holidays. The stock market will be closed on Friday in observance of the Christmas holiday.</p>\n<p>In another medical development against the pandemic, the United States authorized Merck &amp; Co's&nbsp;antiviral pill for COVID-19 for certain high-risk adult patients, a day after giving a broader go-ahead to a similar but more effective treatment from Pfizer Inc. Merck shares fell 0.6%, while Pfizer dropped 1.4%.</p>\n<p>The number of Americans filing new claims for unemployment benefits held below pre-pandemic levels last week as the labor market tightens, while consumer spending increased solidly, putting the economy on track for a strong finish to 2021.</p>\n<p>Tesla Inc&nbsp;shares rose 5.8%, gaining sharply for a second day after Chief Executive Elon Musk said on Wednesday he was \"almost done\" with his stock sales after selling over $15 billion worth since early November.</p>\n<p>The S&amp;P 500 is up about 26% so far this year. Still, the environment for equities could be changing heading into next year as the Federal Reserve is expected to begin raising interest rates in 2022.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.40-to-1 ratio; on Nasdaq, a 2.22-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 35 new 52-week highs and no new lows; the Nasdaq Composite recorded 62 new highs and 80 new lows.</p>\n<p>About 8 billion shares changed hands in U.S. exchanges, compared with the 11.8 billion daily average over the last 20 sessions.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SH":"标普500反向ETF","BK4559":"巴菲特持仓","SSO":"两倍做多标普500ETF","BK4550":"红杉资本持仓","SPXU":"三倍做空标普500ETF","IVV":"标普500指数ETF","BK4504":"桥水持仓","SPY":"标普500ETF",".DJI":"道琼斯","UPRO":"三倍做多标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","OEX":"标普100","BK4534":"瑞士信贷持仓","OEF":"标普100指数ETF-iShares","SDS":"两倍做空标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2193078140","content_text":"* Major indexes climb for 3rd straight session\n* Merck's at-home COVID-19 pill gets U.S. approval\n* Weekly jobless claims unchanged at 205,000\n* Consumer spending increases 0.6% in November\n* Indexes up: Dow 0.55%, S&P 0.62%, Nasdaq 0.85%\nDec 23 (Reuters) - Wall Street's main indexes posted solid gains for a third straight session on Thursday, with the S&P 500 marking a record-high close, as encouraging developments gave investors more ease about the economic impact of the Omicron coronavirus variant.\nStocks ended the holiday-shortened week on a positive note, lifting sentiment heading into Christmas. Gains were broad among S&P 500 sectors, led by consumer discretionary and industrials, which both rose about 1.2%.\nVaccine makers AstraZeneca Plc and Novavax Inc said their shots protected against Omicron as UK data suggested it may cause proportionally fewer hospital cases than the Delta variant, though public health experts warned the battle against COVID-19 was far from over.\nThe arrival of Omicron has helped ratchet up market volatility for much of the last month of 2021, which has been a strong year for equities.\n“There was a lot of negative sentiment coming into the final part of the year, and investors have likely continued to see pretty strong economic growth and pretty positive developments as it relates to healthcare innovation around COVID and that is putting in a bit of a bid into equities and causing investors to look to allocate capital as they close out the year,” said Matthew Miskin, co-chief investment strategist at John Hancock Investment Management.\nThe Dow Jones Industrial Average rose 196.67 points, or 0.55%, to 35,950.56, the S&P 500 gained 29.23 points, or 0.62%, to 4,725.79 and the Nasdaq Composite added 131.48 points, or 0.85%, to 15,653.37.\nDefensive sectors, which have mostly outperformed in December, generally lagged on Thursday. The real estate sector fell 0.4%.\nThe S&P 500 has gained for three days, after falling in the three prior sessions.\n“People are seeing the strength on Tuesday and Wednesday and all of a sudden everybody is more optimistic again,” said Robert Pavlik, senior portfolio manager at Dakota Wealth Management.\nFor the week, the S&P 500 rose 2.3%, the Dow gained about 1.7% and the Nasdaq climbed 3.2%.\nTrading volumes were expected to be thinner than usual ahead of the Christmas and New Year holidays. The stock market will be closed on Friday in observance of the Christmas holiday.\nIn another medical development against the pandemic, the United States authorized Merck & Co's antiviral pill for COVID-19 for certain high-risk adult patients, a day after giving a broader go-ahead to a similar but more effective treatment from Pfizer Inc. Merck shares fell 0.6%, while Pfizer dropped 1.4%.\nThe number of Americans filing new claims for unemployment benefits held below pre-pandemic levels last week as the labor market tightens, while consumer spending increased solidly, putting the economy on track for a strong finish to 2021.\nTesla Inc shares rose 5.8%, gaining sharply for a second day after Chief Executive Elon Musk said on Wednesday he was \"almost done\" with his stock sales after selling over $15 billion worth since early November.\nThe S&P 500 is up about 26% so far this year. Still, the environment for equities could be changing heading into next year as the Federal Reserve is expected to begin raising interest rates in 2022.\nAdvancing issues outnumbered declining ones on the NYSE by a 2.40-to-1 ratio; on Nasdaq, a 2.22-to-1 ratio favored advancers.\nThe S&P 500 posted 35 new 52-week highs and no new lows; the Nasdaq Composite recorded 62 new highs and 80 new lows.\nAbout 8 billion shares changed hands in U.S. exchanges, compared with the 11.8 billion daily average over the last 20 sessions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886890816,"gmtCreate":1631578529535,"gmtModify":1676530578857,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AGC\">$Altimeter Growth Corp.(AGC)$</a>[Smile]&nbsp;","listText":"<a href=\"https://laohu8.com/S/AGC\">$Altimeter Growth Corp.(AGC)$</a>[Smile]&nbsp;","text":"$Altimeter Growth Corp.(AGC)$[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886890816","repostId":"2167953360","repostType":2,"isVote":1,"tweetType":1,"viewCount":34,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886807488,"gmtCreate":1631578501044,"gmtModify":1676530578839,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886807488","repostId":"2167953360","repostType":2,"isVote":1,"tweetType":1,"viewCount":54,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888625858,"gmtCreate":1631494863774,"gmtModify":1676530556365,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/888625858","repostId":"889468617","repostType":1,"repost":{"id":889468617,"gmtCreate":1631170926035,"gmtModify":1676530486214,"author":{"id":"9000000000000149","authorId":"9000000000000149","name":"TigerStars","avatar":"https://static.tigerbbs.com/e0b93d50cf0df54ce7b1b746f78db36c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"? Tigers of the Week (Sept 2 - Sept 8)","htmlText":"Roarrr!!! Dear&nbsp;Tigers,&nbsp;? Welcome to our column:&nbsp;Tigers of the Week!&nbsp;???????? This column is designed to stimulate more tigers to actively participate in our discussion, improve together, and be rich rich, to eventually create a harmonious community! We have noticed that many tigers are very proactive in sharing knowledge, opinions,&nbsp;and trading insights with others. Therefore, in this column, we will select? the most active and popular users every week&nbsp;? and&nbsp;give them rewards to show our appreciation! About the Rewards: Tigers who are the most active in posting, commenting, and liking&nbsp;will be given 1,000 Tiger coins ????respectively! Tigers who receive the most comments plus likes will be given 1,000(top3) to&nbsp;500(top4-10)&nbsp;Tiger coins ????eac","listText":"Roarrr!!! Dear&nbsp;Tigers,&nbsp;? Welcome to our column:&nbsp;Tigers of the Week!&nbsp;???????? This column is designed to stimulate more tigers to actively participate in our discussion, improve together, and be rich rich, to eventually create a harmonious community! We have noticed that many tigers are very proactive in sharing knowledge, opinions,&nbsp;and trading insights with others. Therefore, in this column, we will select? the most active and popular users every week&nbsp;? and&nbsp;give them rewards to show our appreciation! About the Rewards: Tigers who are the most active in posting, commenting, and liking&nbsp;will be given 1,000 Tiger coins ????respectively! Tigers who receive the most comments plus likes will be given 1,000(top3) to&nbsp;500(top4-10)&nbsp;Tiger coins ????eac","text":"Roarrr!!! Dear Tigers, ? Welcome to our column: Tigers of the Week! ???????? This column is designed to stimulate more tigers to actively participate in our discussion, improve together, and be rich rich, to eventually create a harmonious community! We have noticed that many tigers are very proactive in sharing knowledge, opinions, and trading insights with others. Therefore, in this column, we will select? the most active and popular users every week ? and give them rewards to show our appreciation! About the Rewards: Tigers who are the most active in posting, commenting, and liking will be given 1,000 Tiger coins ????respectively! Tigers who receive the most comments plus likes will be given 1,000(top3) to 500(top4-10) Tiger coins ????eac","images":[{"img":"https://static.tigerbbs.com/d70f0827bf71998860f454d78f33ff51","width":"1125","height":"3243"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/889468617","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817668108,"gmtCreate":1630942242204,"gmtModify":1676530425804,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/817668108","repostId":"1192663802","repostType":2,"repost":{"id":"1192663802","pubTimestamp":1630898224,"share":"https://www.laohu8.com/m/news/1192663802?lang=&edition=full","pubTime":"2021-09-06 11:17","market":"sg","language":"en","title":"An IFRS-Updated Complete And Comprehensive Fundamental Analysis Of Grab And AGC","url":"https://stock-news.laohu8.com/highlight/detail?id=1192663802","media":"seekingalpha","summary":"Summary\n\nAs Grab-AGC merger draws near, new insights derived from auditors and SEC's increased scrut","content":"<p><b>Summary</b></p>\n<ul>\n <li>As Grab-AGC merger draws near, new insights derived from auditors and SEC's increased scrutiny of SPACs drastically changed our bullish thesis established 5 months ago.</li>\n <li>Grab's top line and bottom line improved in 2021Q1 as a result of increased GMV per user. However, decline in monthly users suggests that growth momentum at risk due to competitions.</li>\n <li>Although competitions are rising, Grab stated at the regions' market penetration stands at only 11%, offering Grab and competitions plenty of headroom to grow.</li>\n <li>Material changes of our thesis sterns from Grab's valuations based on the revised figures in accordance to IFRS. This offers investors little investment value proposition compared to UBER and DIDI.</li>\n <li>13F filings suggest Grab's valuations did not deter institutional investors. Perhaps AGC's $10 NAV offers investors enough of a safety net to maintain positions.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ed14131a10fe9b0fe4ffdc2d166eedfc\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>bankkgraphy/iStock via Getty Images</span></p>\n<p><b>Introduction</b></p>\n<p>It's about time to update our investment thesis since we last established it 5 months ago. Many new insights have surfaced, some good, some bad. If you're new to this company, it is highly recommended to read our thesis published&nbsp;here&nbsp;and&nbsp;here. In this article, we're going to examine the following topics:</p>\n<ol>\n <li>Latest merger updates and officially numbers</li>\n <li>Latest business segments performance in 2021Q2</li>\n <li>Prospects vs. Rising Competition</li>\n <li>Value</li>\n</ol>\n<p><b>1. Merger Updates and Official Numbers</b></p>\n<p>Grab's merger with Altimeter Growth Corp (AGC) is expected to be completed by the end of&nbsp;2021. We're finally given an update after months of waiting. According to&nbsp;Nikkei Asia, it is implied that Grab's merger was expected to be completed by 2021Q2 but was delayed due to auditing U.S. Securities and Exchange Commission's (SEC) tightened scrutiny of SPACs. If you're doubtful about Grab's interest to go public, remember that the 2 main pieces of evidence are the contracted agreement with Uber (NYSE:UBER) to go&nbsp;public before 2023&nbsp;and to meet the&nbsp;ambitions of 2 million daily bookings.</p>\n<p>During this process, we finally have Grab's official numbers. Grab&nbsp;clarified&nbsp;several&nbsp;issues&nbsp;with the auditors and the SEC. Perhaps investors would be most concerned about its revised FY20 revenue to $0.469bn from $1.2bn (61% reduction). The revision saw several operating expenses being labeled as contra revenue items instead.</p>\n<p>The bad news is, this 61% in reduction has a huge impact on our thesis. Since Grab is not profitable, we had to observe the growth of its sales. Before the official numbers are released, we pulled information from sources and estimated that Grab's sales in FY2020 would be around&nbsp;$1.87bn to $3.91bn. It's a far cry from our estimation. We'll discuss more of this in the valuation section.</p>\n<p>The good news is, this delay turned out to be a blessing in disguise. AGC's $10 net asset value (NAV) saved investors (including us) from a worse drawdown (below $10) since the market crash in Feb. However, the days of this safety net are numbered as Grab's merger is around the corner.</p>\n<p>Other factors should also be considered, such as AGC shareholders' approval of the merger.</p>\n<p><b>2. Latest business segments performances in 2021Q2</b></p>\n<p>Grab is Southeast Asia's (SEA) super-app that dabbles in many business segments, including ride-hailing, food delivery, shipping, digital banking, insurance, and investments. Even though Grab dabbles in diverse business segments, Grab has established itself as a convincing market leader in several segments. Figure 1 illustrates that.</p>\n<p>Detailed 2021Q1 quarterly performance can be found directly from Grab's websitehere. Here's a summary of Grab's performance in each segment.</p>\n<ul>\n <li>Ride-hailing: Although activity level (measured in Gross Merchandise Value or GMV) is only at 68% of 2020Q1 due to ongoing travel restrictions in SEA, revenue and EBITDA increased 18% and 42% to $145mill and $115mil, respectively.</li>\n <li>Deliveries: This segment is probably Grab's best performing business segment during the pandemic. This has helped compensate for losses from Grab's ride-hailing business. Food delivery activities (GMV) increased 49% from 2020Q1 to $1.7bil. Adjusted Net Sales increase 96% YoY, and revenue (Adjusted Net Sales minus incentives) turn positive. GMV of GrabMart, Grab's new product in this segment, increased 36x from YoY. However, GrabMart's actual contribution to Food Deliveries' growth is unknown. Shipping is also unknown.</li>\n <li>Financial Service: This segment also showed strong growth. Grab's overall financial service total payment volume increased 18% YoY while Adjusted Net Sales increased 31% YoY. Revenue (Adjusted Net Sales minus incentives) also turn positive. Grab stated that loan disbursals and insurance offerings showed strong growth, but no concrete breakdown was given.</li>\n</ul>\n<p><i>* Adjusted Net Sales = Revenue + consumer incentives and excess driver/merchant incentives</i></p>\n<p><i>Figure 1</i></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/046ee7fac3a94b69b9ed3893d0cf0e4c\" tg-width=\"700\" tg-height=\"219\" width=\"100%\" height=\"auto\"><span>Source: Nasdaq / Tellimer</span></p>\n<p>Figure 2</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/88a9ad260d58e4b001facc68093fa8ea\" tg-width=\"816\" tg-height=\"382\" width=\"100%\" height=\"auto\"><span>Source: Grab</span></p>\n<p><b>3. Prospects and Rising Competition</b></p>\n<p>With such strong growth demonstrated by Grab, investors must ponder the question, \"How sustainable is this growth\"?</p>\n<p>The answer is rather simple: \"How big is the total addressable market?\"</p>\n<p>Since Grab's food delivery segment has become Grab's primary source of revenue and has helped narrow Grab's total losses from $771mil to $652mil (Figure 2), Grab's food delivery segment is a reliable proxy to Grab's overall performance.</p>\n<p>Demi Yu, regional head of deliveries at Grab, gave very encouraging guidance toward's Grab's growth in the food delivery segment. Shesaidthat SEA's food delivery market penetration is only at 11% compared to around 20% in China and the US. This implies that around 89% of the food delivery market remains untapped. This is a 10x potential growth for Grab assuming Grab is able to maintain market share. This is the tricky part.</p>\n<p>Although Grab's overall performance in $ is impressive, one red flag was the decrease in monthly transacting users (MTU). Although the GMV per user increased 30% YoY, Grab's MTU dropped 20% YoY.</p>\n<p>There are 2 takeaways: (1) Grab is losing users to competition, (2) Grab is establishing a network effect where retained users are using the platform more. Since takeaway (2) is good, let's focus more on rising competition's downside risk.</p>\n<p>A new strong contender has entered the arena, AirAsia. No one will blame you take AirAsia as an airline business. However, AirAsia is now repositioning itself as a&nbsp;data-driven technology company. AirAsia chief executive officer Tan Sri Tony Fernandes&nbsp;said&nbsp;that:</p>\n<blockquote>\n People are too focused on our airline business, but AirAsia is now a multi-business company and a very valuable data-driven technology company with a strong brand\n</blockquote>\n<p>This is very true, as&nbsp;evident&nbsp;from AirAsia's latest string of acquisitions. The company recently acquired a Malaysian online food delivery platform DeliverEat and Gojek’s operation in Thailand for $50mil to strengthen the company's logistics chain and e-commerce presence. Not to mention, These business segments will form a very synergistic relationship with AirAsia's airline and hotel business operations.</p>\n<p>Therefore, the key takeaway for Grab's \"prospect vs. competition\" debate is that competition is not a major concern at this stage as market penetration is still low, and there is still a lot of headroom to grow for players in this space.</p>\n<p><b>4. Valuation</b></p>\n<p>Here is where our thesis changed the most. The material changes in our thesis are derived from Grab's accounting changes. The accounting changes come from Net Adjusted Sales vs. Revenue where</p>\n<p><i>Adjusted Net Sales = Revenue + consumer incentives and excess driver/merchant incentives</i></p>\n<p>The easier way to understand adjusted net sales is Tesla's (TSLA) revenue from the carbon tax credit. It is still contributing to Tesla's revenue, but it is not from Tesla's operation and is not guaranteed to recur.</p>\n<p>Our past valuations were unknowingly based on Net Adjusted Sales, making it more comparable to the likes of Uber. However, this changes if incentives are not considered. By removing incentives from Grab's adjusted net sales, Grab's valuation will deter investors, especially when Uber or DiDi (DIDI) currently present investors with much better valuation after a recent decline in share price.</p>\n<p>Grab's current annualized revenue for FY21 is $864mil (= $216mil x 4). Given AGC's share price of $10.64, Grab is currently valued at a 49 Price-to-Sales(NASDAQ:PS)ratio. For comparison sake, Uber and DiDi's PS ratios are 6.22 and 1.77. Moreover, DiDi managed to reach profitability in 2021Q1 for the first time despite China's crackdown on Chinese tech companies.</p>\n<p>DiDi's share price decline has also&nbsp;negatively impacted&nbsp;Uber as Uber is DiDi's second-largest shareholder (12% ownership) behind Softbank(OTCPK:SFTBY). Similarly, Grab's decline in share price will also negatively impact Uber, as Uber owns about&nbsp;27.5%&nbsp;of Grab.</p>\n<p>Investors might sneer at Grab due to its high valuations. However, some analysts are rather bullish towards Grab.Telimer&nbsp;gave AGC a target of $16.50, which puts Grab at $66bil or a PS Ratio of 76.4. Moreover,institutions&nbsp;are accumulating in 2021Q2 when SPACs (including AGC) were hit hard by inflation fears.</p>\n<p>However, at this time (before the merger), since AGC offers a floor of $10 while AGC is currently trading near the floor of $10, this provides investors a safety to capitalize on Grab's growth with minimal downside.</p>\n<p><b>5. Conclusions</b></p>\n<p>We had established our bullish thesis 5 months ago due to its impressive reported growth in sales. However, Grab's recent audited numbers reported a rather less impressive top line when incentives are not considered. Grab's valuation based on the revised figures in accordance with IFRS offers investors little investment value proposition.</p>\n<p>Rising competition is putting Grab's continuous strong growth momentum at risk. This is evident from Grab's decrease in monthly transacting users. Although market penetration is only at 11% and with plenty of headroom to grow, one might wonder whether this potential has already been priced in based on Grab's current valuations in accordance with IFRS.</p>\n<p>As the old saying goes, \"never overpay for growth.\" Nevertheless, despite Grab's high valuation, 13F filings suggest institutional investors are undeterred from investing in Grab via AGC.</p>\n<p>We'll be maintaining our positions on Grab, simply due to its safety net offered by AGC's $10 floor.</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>An IFRS-Updated Complete And Comprehensive Fundamental Analysis Of Grab And AGC</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\">\nAn IFRS-Updated Complete And Comprehensive Fundamental Analysis Of Grab And AGC\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-06 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4453663-an-ifrs-updated-complete-and-comprehensive-fundamental-analysis-of-grab-and-agc><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAs Grab-AGC merger draws near, new insights derived from auditors and SEC's increased scrutiny of SPACs drastically changed our bullish thesis established 5 months ago.\nGrab's top line and ...</p>\n\n<a href=\"https://seekingalpha.com/article/4453663-an-ifrs-updated-complete-and-comprehensive-fundamental-analysis-of-grab-and-agc\">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/4453663-an-ifrs-updated-complete-and-comprehensive-fundamental-analysis-of-grab-and-agc","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192663802","content_text":"Summary\n\nAs Grab-AGC merger draws near, new insights derived from auditors and SEC's increased scrutiny of SPACs drastically changed our bullish thesis established 5 months ago.\nGrab's top line and bottom line improved in 2021Q1 as a result of increased GMV per user. However, decline in monthly users suggests that growth momentum at risk due to competitions.\nAlthough competitions are rising, Grab stated at the regions' market penetration stands at only 11%, offering Grab and competitions plenty of headroom to grow.\nMaterial changes of our thesis sterns from Grab's valuations based on the revised figures in accordance to IFRS. This offers investors little investment value proposition compared to UBER and DIDI.\n13F filings suggest Grab's valuations did not deter institutional investors. Perhaps AGC's $10 NAV offers investors enough of a safety net to maintain positions.\n\nbankkgraphy/iStock via Getty Images\nIntroduction\nIt's about time to update our investment thesis since we last established it 5 months ago. Many new insights have surfaced, some good, some bad. If you're new to this company, it is highly recommended to read our thesis published here and here. In this article, we're going to examine the following topics:\n\nLatest merger updates and officially numbers\nLatest business segments performance in 2021Q2\nProspects vs. Rising Competition\nValue\n\n1. Merger Updates and Official Numbers\nGrab's merger with Altimeter Growth Corp (AGC) is expected to be completed by the end of 2021. We're finally given an update after months of waiting. According to Nikkei Asia, it is implied that Grab's merger was expected to be completed by 2021Q2 but was delayed due to auditing U.S. Securities and Exchange Commission's (SEC) tightened scrutiny of SPACs. If you're doubtful about Grab's interest to go public, remember that the 2 main pieces of evidence are the contracted agreement with Uber (NYSE:UBER) to go public before 2023 and to meet the ambitions of 2 million daily bookings.\nDuring this process, we finally have Grab's official numbers. Grab clarified several issues with the auditors and the SEC. Perhaps investors would be most concerned about its revised FY20 revenue to $0.469bn from $1.2bn (61% reduction). The revision saw several operating expenses being labeled as contra revenue items instead.\nThe bad news is, this 61% in reduction has a huge impact on our thesis. Since Grab is not profitable, we had to observe the growth of its sales. Before the official numbers are released, we pulled information from sources and estimated that Grab's sales in FY2020 would be around $1.87bn to $3.91bn. It's a far cry from our estimation. We'll discuss more of this in the valuation section.\nThe good news is, this delay turned out to be a blessing in disguise. AGC's $10 net asset value (NAV) saved investors (including us) from a worse drawdown (below $10) since the market crash in Feb. However, the days of this safety net are numbered as Grab's merger is around the corner.\nOther factors should also be considered, such as AGC shareholders' approval of the merger.\n2. Latest business segments performances in 2021Q2\nGrab is Southeast Asia's (SEA) super-app that dabbles in many business segments, including ride-hailing, food delivery, shipping, digital banking, insurance, and investments. Even though Grab dabbles in diverse business segments, Grab has established itself as a convincing market leader in several segments. Figure 1 illustrates that.\nDetailed 2021Q1 quarterly performance can be found directly from Grab's websitehere. Here's a summary of Grab's performance in each segment.\n\nRide-hailing: Although activity level (measured in Gross Merchandise Value or GMV) is only at 68% of 2020Q1 due to ongoing travel restrictions in SEA, revenue and EBITDA increased 18% and 42% to $145mill and $115mil, respectively.\nDeliveries: This segment is probably Grab's best performing business segment during the pandemic. This has helped compensate for losses from Grab's ride-hailing business. Food delivery activities (GMV) increased 49% from 2020Q1 to $1.7bil. Adjusted Net Sales increase 96% YoY, and revenue (Adjusted Net Sales minus incentives) turn positive. GMV of GrabMart, Grab's new product in this segment, increased 36x from YoY. However, GrabMart's actual contribution to Food Deliveries' growth is unknown. Shipping is also unknown.\nFinancial Service: This segment also showed strong growth. Grab's overall financial service total payment volume increased 18% YoY while Adjusted Net Sales increased 31% YoY. Revenue (Adjusted Net Sales minus incentives) also turn positive. Grab stated that loan disbursals and insurance offerings showed strong growth, but no concrete breakdown was given.\n\n* Adjusted Net Sales = Revenue + consumer incentives and excess driver/merchant incentives\nFigure 1\nSource: Nasdaq / Tellimer\nFigure 2\nSource: Grab\n3. Prospects and Rising Competition\nWith such strong growth demonstrated by Grab, investors must ponder the question, \"How sustainable is this growth\"?\nThe answer is rather simple: \"How big is the total addressable market?\"\nSince Grab's food delivery segment has become Grab's primary source of revenue and has helped narrow Grab's total losses from $771mil to $652mil (Figure 2), Grab's food delivery segment is a reliable proxy to Grab's overall performance.\nDemi Yu, regional head of deliveries at Grab, gave very encouraging guidance toward's Grab's growth in the food delivery segment. Shesaidthat SEA's food delivery market penetration is only at 11% compared to around 20% in China and the US. This implies that around 89% of the food delivery market remains untapped. This is a 10x potential growth for Grab assuming Grab is able to maintain market share. This is the tricky part.\nAlthough Grab's overall performance in $ is impressive, one red flag was the decrease in monthly transacting users (MTU). Although the GMV per user increased 30% YoY, Grab's MTU dropped 20% YoY.\nThere are 2 takeaways: (1) Grab is losing users to competition, (2) Grab is establishing a network effect where retained users are using the platform more. Since takeaway (2) is good, let's focus more on rising competition's downside risk.\nA new strong contender has entered the arena, AirAsia. No one will blame you take AirAsia as an airline business. However, AirAsia is now repositioning itself as a data-driven technology company. AirAsia chief executive officer Tan Sri Tony Fernandes said that:\n\n People are too focused on our airline business, but AirAsia is now a multi-business company and a very valuable data-driven technology company with a strong brand\n\nThis is very true, as evident from AirAsia's latest string of acquisitions. The company recently acquired a Malaysian online food delivery platform DeliverEat and Gojek’s operation in Thailand for $50mil to strengthen the company's logistics chain and e-commerce presence. Not to mention, These business segments will form a very synergistic relationship with AirAsia's airline and hotel business operations.\nTherefore, the key takeaway for Grab's \"prospect vs. competition\" debate is that competition is not a major concern at this stage as market penetration is still low, and there is still a lot of headroom to grow for players in this space.\n4. Valuation\nHere is where our thesis changed the most. The material changes in our thesis are derived from Grab's accounting changes. The accounting changes come from Net Adjusted Sales vs. Revenue where\nAdjusted Net Sales = Revenue + consumer incentives and excess driver/merchant incentives\nThe easier way to understand adjusted net sales is Tesla's (TSLA) revenue from the carbon tax credit. It is still contributing to Tesla's revenue, but it is not from Tesla's operation and is not guaranteed to recur.\nOur past valuations were unknowingly based on Net Adjusted Sales, making it more comparable to the likes of Uber. However, this changes if incentives are not considered. By removing incentives from Grab's adjusted net sales, Grab's valuation will deter investors, especially when Uber or DiDi (DIDI) currently present investors with much better valuation after a recent decline in share price.\nGrab's current annualized revenue for FY21 is $864mil (= $216mil x 4). Given AGC's share price of $10.64, Grab is currently valued at a 49 Price-to-Sales(NASDAQ:PS)ratio. For comparison sake, Uber and DiDi's PS ratios are 6.22 and 1.77. Moreover, DiDi managed to reach profitability in 2021Q1 for the first time despite China's crackdown on Chinese tech companies.\nDiDi's share price decline has also negatively impacted Uber as Uber is DiDi's second-largest shareholder (12% ownership) behind Softbank(OTCPK:SFTBY). Similarly, Grab's decline in share price will also negatively impact Uber, as Uber owns about 27.5% of Grab.\nInvestors might sneer at Grab due to its high valuations. However, some analysts are rather bullish towards Grab.Telimer gave AGC a target of $16.50, which puts Grab at $66bil or a PS Ratio of 76.4. Moreover,institutions are accumulating in 2021Q2 when SPACs (including AGC) were hit hard by inflation fears.\nHowever, at this time (before the merger), since AGC offers a floor of $10 while AGC is currently trading near the floor of $10, this provides investors a safety to capitalize on Grab's growth with minimal downside.\n5. Conclusions\nWe had established our bullish thesis 5 months ago due to its impressive reported growth in sales. However, Grab's recent audited numbers reported a rather less impressive top line when incentives are not considered. Grab's valuation based on the revised figures in accordance with IFRS offers investors little investment value proposition.\nRising competition is putting Grab's continuous strong growth momentum at risk. This is evident from Grab's decrease in monthly transacting users. Although market penetration is only at 11% and with plenty of headroom to grow, one might wonder whether this potential has already been priced in based on Grab's current valuations in accordance with IFRS.\nAs the old saying goes, \"never overpay for growth.\" Nevertheless, despite Grab's high valuation, 13F filings suggest institutional investors are undeterred from investing in Grab via AGC.\nWe'll be maintaining our positions on Grab, simply due to its safety net offered by AGC's $10 floor.","news_type":1},"isVote":1,"tweetType":1,"viewCount":72,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817661719,"gmtCreate":1630942225531,"gmtModify":1676530425802,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/817661719","repostId":"1192663802","repostType":2,"repost":{"id":"1192663802","pubTimestamp":1630898224,"share":"https://www.laohu8.com/m/news/1192663802?lang=&edition=full","pubTime":"2021-09-06 11:17","market":"sg","language":"en","title":"An IFRS-Updated Complete And Comprehensive Fundamental Analysis Of Grab And AGC","url":"https://stock-news.laohu8.com/highlight/detail?id=1192663802","media":"seekingalpha","summary":"Summary\n\nAs Grab-AGC merger draws near, new insights derived from auditors and SEC's increased scrut","content":"<p><b>Summary</b></p>\n<ul>\n <li>As Grab-AGC merger draws near, new insights derived from auditors and SEC's increased scrutiny of SPACs drastically changed our bullish thesis established 5 months ago.</li>\n <li>Grab's top line and bottom line improved in 2021Q1 as a result of increased GMV per user. However, decline in monthly users suggests that growth momentum at risk due to competitions.</li>\n <li>Although competitions are rising, Grab stated at the regions' market penetration stands at only 11%, offering Grab and competitions plenty of headroom to grow.</li>\n <li>Material changes of our thesis sterns from Grab's valuations based on the revised figures in accordance to IFRS. This offers investors little investment value proposition compared to UBER and DIDI.</li>\n <li>13F filings suggest Grab's valuations did not deter institutional investors. Perhaps AGC's $10 NAV offers investors enough of a safety net to maintain positions.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ed14131a10fe9b0fe4ffdc2d166eedfc\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>bankkgraphy/iStock via Getty Images</span></p>\n<p><b>Introduction</b></p>\n<p>It's about time to update our investment thesis since we last established it 5 months ago. Many new insights have surfaced, some good, some bad. If you're new to this company, it is highly recommended to read our thesis published&nbsp;here&nbsp;and&nbsp;here. In this article, we're going to examine the following topics:</p>\n<ol>\n <li>Latest merger updates and officially numbers</li>\n <li>Latest business segments performance in 2021Q2</li>\n <li>Prospects vs. Rising Competition</li>\n <li>Value</li>\n</ol>\n<p><b>1. Merger Updates and Official Numbers</b></p>\n<p>Grab's merger with Altimeter Growth Corp (AGC) is expected to be completed by the end of&nbsp;2021. We're finally given an update after months of waiting. According to&nbsp;Nikkei Asia, it is implied that Grab's merger was expected to be completed by 2021Q2 but was delayed due to auditing U.S. Securities and Exchange Commission's (SEC) tightened scrutiny of SPACs. If you're doubtful about Grab's interest to go public, remember that the 2 main pieces of evidence are the contracted agreement with Uber (NYSE:UBER) to go&nbsp;public before 2023&nbsp;and to meet the&nbsp;ambitions of 2 million daily bookings.</p>\n<p>During this process, we finally have Grab's official numbers. Grab&nbsp;clarified&nbsp;several&nbsp;issues&nbsp;with the auditors and the SEC. Perhaps investors would be most concerned about its revised FY20 revenue to $0.469bn from $1.2bn (61% reduction). The revision saw several operating expenses being labeled as contra revenue items instead.</p>\n<p>The bad news is, this 61% in reduction has a huge impact on our thesis. Since Grab is not profitable, we had to observe the growth of its sales. Before the official numbers are released, we pulled information from sources and estimated that Grab's sales in FY2020 would be around&nbsp;$1.87bn to $3.91bn. It's a far cry from our estimation. We'll discuss more of this in the valuation section.</p>\n<p>The good news is, this delay turned out to be a blessing in disguise. AGC's $10 net asset value (NAV) saved investors (including us) from a worse drawdown (below $10) since the market crash in Feb. However, the days of this safety net are numbered as Grab's merger is around the corner.</p>\n<p>Other factors should also be considered, such as AGC shareholders' approval of the merger.</p>\n<p><b>2. Latest business segments performances in 2021Q2</b></p>\n<p>Grab is Southeast Asia's (SEA) super-app that dabbles in many business segments, including ride-hailing, food delivery, shipping, digital banking, insurance, and investments. Even though Grab dabbles in diverse business segments, Grab has established itself as a convincing market leader in several segments. Figure 1 illustrates that.</p>\n<p>Detailed 2021Q1 quarterly performance can be found directly from Grab's websitehere. Here's a summary of Grab's performance in each segment.</p>\n<ul>\n <li>Ride-hailing: Although activity level (measured in Gross Merchandise Value or GMV) is only at 68% of 2020Q1 due to ongoing travel restrictions in SEA, revenue and EBITDA increased 18% and 42% to $145mill and $115mil, respectively.</li>\n <li>Deliveries: This segment is probably Grab's best performing business segment during the pandemic. This has helped compensate for losses from Grab's ride-hailing business. Food delivery activities (GMV) increased 49% from 2020Q1 to $1.7bil. Adjusted Net Sales increase 96% YoY, and revenue (Adjusted Net Sales minus incentives) turn positive. GMV of GrabMart, Grab's new product in this segment, increased 36x from YoY. However, GrabMart's actual contribution to Food Deliveries' growth is unknown. Shipping is also unknown.</li>\n <li>Financial Service: This segment also showed strong growth. Grab's overall financial service total payment volume increased 18% YoY while Adjusted Net Sales increased 31% YoY. Revenue (Adjusted Net Sales minus incentives) also turn positive. Grab stated that loan disbursals and insurance offerings showed strong growth, but no concrete breakdown was given.</li>\n</ul>\n<p><i>* Adjusted Net Sales = Revenue + consumer incentives and excess driver/merchant incentives</i></p>\n<p><i>Figure 1</i></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/046ee7fac3a94b69b9ed3893d0cf0e4c\" tg-width=\"700\" tg-height=\"219\" width=\"100%\" height=\"auto\"><span>Source: Nasdaq / Tellimer</span></p>\n<p>Figure 2</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/88a9ad260d58e4b001facc68093fa8ea\" tg-width=\"816\" tg-height=\"382\" width=\"100%\" height=\"auto\"><span>Source: Grab</span></p>\n<p><b>3. Prospects and Rising Competition</b></p>\n<p>With such strong growth demonstrated by Grab, investors must ponder the question, \"How sustainable is this growth\"?</p>\n<p>The answer is rather simple: \"How big is the total addressable market?\"</p>\n<p>Since Grab's food delivery segment has become Grab's primary source of revenue and has helped narrow Grab's total losses from $771mil to $652mil (Figure 2), Grab's food delivery segment is a reliable proxy to Grab's overall performance.</p>\n<p>Demi Yu, regional head of deliveries at Grab, gave very encouraging guidance toward's Grab's growth in the food delivery segment. Shesaidthat SEA's food delivery market penetration is only at 11% compared to around 20% in China and the US. This implies that around 89% of the food delivery market remains untapped. This is a 10x potential growth for Grab assuming Grab is able to maintain market share. This is the tricky part.</p>\n<p>Although Grab's overall performance in $ is impressive, one red flag was the decrease in monthly transacting users (MTU). Although the GMV per user increased 30% YoY, Grab's MTU dropped 20% YoY.</p>\n<p>There are 2 takeaways: (1) Grab is losing users to competition, (2) Grab is establishing a network effect where retained users are using the platform more. Since takeaway (2) is good, let's focus more on rising competition's downside risk.</p>\n<p>A new strong contender has entered the arena, AirAsia. No one will blame you take AirAsia as an airline business. However, AirAsia is now repositioning itself as a&nbsp;data-driven technology company. AirAsia chief executive officer Tan Sri Tony Fernandes&nbsp;said&nbsp;that:</p>\n<blockquote>\n People are too focused on our airline business, but AirAsia is now a multi-business company and a very valuable data-driven technology company with a strong brand\n</blockquote>\n<p>This is very true, as&nbsp;evident&nbsp;from AirAsia's latest string of acquisitions. The company recently acquired a Malaysian online food delivery platform DeliverEat and Gojek’s operation in Thailand for $50mil to strengthen the company's logistics chain and e-commerce presence. Not to mention, These business segments will form a very synergistic relationship with AirAsia's airline and hotel business operations.</p>\n<p>Therefore, the key takeaway for Grab's \"prospect vs. competition\" debate is that competition is not a major concern at this stage as market penetration is still low, and there is still a lot of headroom to grow for players in this space.</p>\n<p><b>4. Valuation</b></p>\n<p>Here is where our thesis changed the most. The material changes in our thesis are derived from Grab's accounting changes. The accounting changes come from Net Adjusted Sales vs. Revenue where</p>\n<p><i>Adjusted Net Sales = Revenue + consumer incentives and excess driver/merchant incentives</i></p>\n<p>The easier way to understand adjusted net sales is Tesla's (TSLA) revenue from the carbon tax credit. It is still contributing to Tesla's revenue, but it is not from Tesla's operation and is not guaranteed to recur.</p>\n<p>Our past valuations were unknowingly based on Net Adjusted Sales, making it more comparable to the likes of Uber. However, this changes if incentives are not considered. By removing incentives from Grab's adjusted net sales, Grab's valuation will deter investors, especially when Uber or DiDi (DIDI) currently present investors with much better valuation after a recent decline in share price.</p>\n<p>Grab's current annualized revenue for FY21 is $864mil (= $216mil x 4). Given AGC's share price of $10.64, Grab is currently valued at a 49 Price-to-Sales(NASDAQ:PS)ratio. For comparison sake, Uber and DiDi's PS ratios are 6.22 and 1.77. Moreover, DiDi managed to reach profitability in 2021Q1 for the first time despite China's crackdown on Chinese tech companies.</p>\n<p>DiDi's share price decline has also&nbsp;negatively impacted&nbsp;Uber as Uber is DiDi's second-largest shareholder (12% ownership) behind Softbank(OTCPK:SFTBY). Similarly, Grab's decline in share price will also negatively impact Uber, as Uber owns about&nbsp;27.5%&nbsp;of Grab.</p>\n<p>Investors might sneer at Grab due to its high valuations. However, some analysts are rather bullish towards Grab.Telimer&nbsp;gave AGC a target of $16.50, which puts Grab at $66bil or a PS Ratio of 76.4. Moreover,institutions&nbsp;are accumulating in 2021Q2 when SPACs (including AGC) were hit hard by inflation fears.</p>\n<p>However, at this time (before the merger), since AGC offers a floor of $10 while AGC is currently trading near the floor of $10, this provides investors a safety to capitalize on Grab's growth with minimal downside.</p>\n<p><b>5. Conclusions</b></p>\n<p>We had established our bullish thesis 5 months ago due to its impressive reported growth in sales. However, Grab's recent audited numbers reported a rather less impressive top line when incentives are not considered. Grab's valuation based on the revised figures in accordance with IFRS offers investors little investment value proposition.</p>\n<p>Rising competition is putting Grab's continuous strong growth momentum at risk. This is evident from Grab's decrease in monthly transacting users. Although market penetration is only at 11% and with plenty of headroom to grow, one might wonder whether this potential has already been priced in based on Grab's current valuations in accordance with IFRS.</p>\n<p>As the old saying goes, \"never overpay for growth.\" Nevertheless, despite Grab's high valuation, 13F filings suggest institutional investors are undeterred from investing in Grab via AGC.</p>\n<p>We'll be maintaining our positions on Grab, simply due to its safety net offered by AGC's $10 floor.</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>An IFRS-Updated Complete And Comprehensive Fundamental Analysis Of Grab And AGC</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\">\nAn IFRS-Updated Complete And Comprehensive Fundamental Analysis Of Grab And AGC\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-06 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4453663-an-ifrs-updated-complete-and-comprehensive-fundamental-analysis-of-grab-and-agc><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAs Grab-AGC merger draws near, new insights derived from auditors and SEC's increased scrutiny of SPACs drastically changed our bullish thesis established 5 months ago.\nGrab's top line and ...</p>\n\n<a href=\"https://seekingalpha.com/article/4453663-an-ifrs-updated-complete-and-comprehensive-fundamental-analysis-of-grab-and-agc\">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/4453663-an-ifrs-updated-complete-and-comprehensive-fundamental-analysis-of-grab-and-agc","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192663802","content_text":"Summary\n\nAs Grab-AGC merger draws near, new insights derived from auditors and SEC's increased scrutiny of SPACs drastically changed our bullish thesis established 5 months ago.\nGrab's top line and bottom line improved in 2021Q1 as a result of increased GMV per user. However, decline in monthly users suggests that growth momentum at risk due to competitions.\nAlthough competitions are rising, Grab stated at the regions' market penetration stands at only 11%, offering Grab and competitions plenty of headroom to grow.\nMaterial changes of our thesis sterns from Grab's valuations based on the revised figures in accordance to IFRS. This offers investors little investment value proposition compared to UBER and DIDI.\n13F filings suggest Grab's valuations did not deter institutional investors. Perhaps AGC's $10 NAV offers investors enough of a safety net to maintain positions.\n\nbankkgraphy/iStock via Getty Images\nIntroduction\nIt's about time to update our investment thesis since we last established it 5 months ago. Many new insights have surfaced, some good, some bad. If you're new to this company, it is highly recommended to read our thesis published here and here. In this article, we're going to examine the following topics:\n\nLatest merger updates and officially numbers\nLatest business segments performance in 2021Q2\nProspects vs. Rising Competition\nValue\n\n1. Merger Updates and Official Numbers\nGrab's merger with Altimeter Growth Corp (AGC) is expected to be completed by the end of 2021. We're finally given an update after months of waiting. According to Nikkei Asia, it is implied that Grab's merger was expected to be completed by 2021Q2 but was delayed due to auditing U.S. Securities and Exchange Commission's (SEC) tightened scrutiny of SPACs. If you're doubtful about Grab's interest to go public, remember that the 2 main pieces of evidence are the contracted agreement with Uber (NYSE:UBER) to go public before 2023 and to meet the ambitions of 2 million daily bookings.\nDuring this process, we finally have Grab's official numbers. Grab clarified several issues with the auditors and the SEC. Perhaps investors would be most concerned about its revised FY20 revenue to $0.469bn from $1.2bn (61% reduction). The revision saw several operating expenses being labeled as contra revenue items instead.\nThe bad news is, this 61% in reduction has a huge impact on our thesis. Since Grab is not profitable, we had to observe the growth of its sales. Before the official numbers are released, we pulled information from sources and estimated that Grab's sales in FY2020 would be around $1.87bn to $3.91bn. It's a far cry from our estimation. We'll discuss more of this in the valuation section.\nThe good news is, this delay turned out to be a blessing in disguise. AGC's $10 net asset value (NAV) saved investors (including us) from a worse drawdown (below $10) since the market crash in Feb. However, the days of this safety net are numbered as Grab's merger is around the corner.\nOther factors should also be considered, such as AGC shareholders' approval of the merger.\n2. Latest business segments performances in 2021Q2\nGrab is Southeast Asia's (SEA) super-app that dabbles in many business segments, including ride-hailing, food delivery, shipping, digital banking, insurance, and investments. Even though Grab dabbles in diverse business segments, Grab has established itself as a convincing market leader in several segments. Figure 1 illustrates that.\nDetailed 2021Q1 quarterly performance can be found directly from Grab's websitehere. Here's a summary of Grab's performance in each segment.\n\nRide-hailing: Although activity level (measured in Gross Merchandise Value or GMV) is only at 68% of 2020Q1 due to ongoing travel restrictions in SEA, revenue and EBITDA increased 18% and 42% to $145mill and $115mil, respectively.\nDeliveries: This segment is probably Grab's best performing business segment during the pandemic. This has helped compensate for losses from Grab's ride-hailing business. Food delivery activities (GMV) increased 49% from 2020Q1 to $1.7bil. Adjusted Net Sales increase 96% YoY, and revenue (Adjusted Net Sales minus incentives) turn positive. GMV of GrabMart, Grab's new product in this segment, increased 36x from YoY. However, GrabMart's actual contribution to Food Deliveries' growth is unknown. Shipping is also unknown.\nFinancial Service: This segment also showed strong growth. Grab's overall financial service total payment volume increased 18% YoY while Adjusted Net Sales increased 31% YoY. Revenue (Adjusted Net Sales minus incentives) also turn positive. Grab stated that loan disbursals and insurance offerings showed strong growth, but no concrete breakdown was given.\n\n* Adjusted Net Sales = Revenue + consumer incentives and excess driver/merchant incentives\nFigure 1\nSource: Nasdaq / Tellimer\nFigure 2\nSource: Grab\n3. Prospects and Rising Competition\nWith such strong growth demonstrated by Grab, investors must ponder the question, \"How sustainable is this growth\"?\nThe answer is rather simple: \"How big is the total addressable market?\"\nSince Grab's food delivery segment has become Grab's primary source of revenue and has helped narrow Grab's total losses from $771mil to $652mil (Figure 2), Grab's food delivery segment is a reliable proxy to Grab's overall performance.\nDemi Yu, regional head of deliveries at Grab, gave very encouraging guidance toward's Grab's growth in the food delivery segment. Shesaidthat SEA's food delivery market penetration is only at 11% compared to around 20% in China and the US. This implies that around 89% of the food delivery market remains untapped. This is a 10x potential growth for Grab assuming Grab is able to maintain market share. This is the tricky part.\nAlthough Grab's overall performance in $ is impressive, one red flag was the decrease in monthly transacting users (MTU). Although the GMV per user increased 30% YoY, Grab's MTU dropped 20% YoY.\nThere are 2 takeaways: (1) Grab is losing users to competition, (2) Grab is establishing a network effect where retained users are using the platform more. Since takeaway (2) is good, let's focus more on rising competition's downside risk.\nA new strong contender has entered the arena, AirAsia. No one will blame you take AirAsia as an airline business. However, AirAsia is now repositioning itself as a data-driven technology company. AirAsia chief executive officer Tan Sri Tony Fernandes said that:\n\n People are too focused on our airline business, but AirAsia is now a multi-business company and a very valuable data-driven technology company with a strong brand\n\nThis is very true, as evident from AirAsia's latest string of acquisitions. The company recently acquired a Malaysian online food delivery platform DeliverEat and Gojek’s operation in Thailand for $50mil to strengthen the company's logistics chain and e-commerce presence. Not to mention, These business segments will form a very synergistic relationship with AirAsia's airline and hotel business operations.\nTherefore, the key takeaway for Grab's \"prospect vs. competition\" debate is that competition is not a major concern at this stage as market penetration is still low, and there is still a lot of headroom to grow for players in this space.\n4. Valuation\nHere is where our thesis changed the most. The material changes in our thesis are derived from Grab's accounting changes. The accounting changes come from Net Adjusted Sales vs. Revenue where\nAdjusted Net Sales = Revenue + consumer incentives and excess driver/merchant incentives\nThe easier way to understand adjusted net sales is Tesla's (TSLA) revenue from the carbon tax credit. It is still contributing to Tesla's revenue, but it is not from Tesla's operation and is not guaranteed to recur.\nOur past valuations were unknowingly based on Net Adjusted Sales, making it more comparable to the likes of Uber. However, this changes if incentives are not considered. By removing incentives from Grab's adjusted net sales, Grab's valuation will deter investors, especially when Uber or DiDi (DIDI) currently present investors with much better valuation after a recent decline in share price.\nGrab's current annualized revenue for FY21 is $864mil (= $216mil x 4). Given AGC's share price of $10.64, Grab is currently valued at a 49 Price-to-Sales(NASDAQ:PS)ratio. For comparison sake, Uber and DiDi's PS ratios are 6.22 and 1.77. Moreover, DiDi managed to reach profitability in 2021Q1 for the first time despite China's crackdown on Chinese tech companies.\nDiDi's share price decline has also negatively impacted Uber as Uber is DiDi's second-largest shareholder (12% ownership) behind Softbank(OTCPK:SFTBY). Similarly, Grab's decline in share price will also negatively impact Uber, as Uber owns about 27.5% of Grab.\nInvestors might sneer at Grab due to its high valuations. However, some analysts are rather bullish towards Grab.Telimer gave AGC a target of $16.50, which puts Grab at $66bil or a PS Ratio of 76.4. Moreover,institutions are accumulating in 2021Q2 when SPACs (including AGC) were hit hard by inflation fears.\nHowever, at this time (before the merger), since AGC offers a floor of $10 while AGC is currently trading near the floor of $10, this provides investors a safety to capitalize on Grab's growth with minimal downside.\n5. Conclusions\nWe had established our bullish thesis 5 months ago due to its impressive reported growth in sales. However, Grab's recent audited numbers reported a rather less impressive top line when incentives are not considered. Grab's valuation based on the revised figures in accordance with IFRS offers investors little investment value proposition.\nRising competition is putting Grab's continuous strong growth momentum at risk. This is evident from Grab's decrease in monthly transacting users. Although market penetration is only at 11% and with plenty of headroom to grow, one might wonder whether this potential has already been priced in based on Grab's current valuations in accordance with IFRS.\nAs the old saying goes, \"never overpay for growth.\" Nevertheless, despite Grab's high valuation, 13F filings suggest institutional investors are undeterred from investing in Grab via AGC.\nWe'll be maintaining our positions on Grab, simply due to its safety net offered by AGC's $10 floor.","news_type":1},"isVote":1,"tweetType":1,"viewCount":326,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811485784,"gmtCreate":1630336838548,"gmtModify":1676530274800,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AGC\">$Altimeter Growth Corp.(AGC)$</a>Hope grab ipo bring me good luck and $$","listText":"<a href=\"https://laohu8.com/S/AGC\">$Altimeter Growth Corp.(AGC)$</a>Hope grab ipo bring me good luck and $$","text":"$Altimeter Growth Corp.(AGC)$Hope grab ipo bring me good luck and $$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811485784","isVote":1,"tweetType":1,"viewCount":128,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839448450,"gmtCreate":1629177112870,"gmtModify":1676529954907,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839448450","repostId":"2159222279","repostType":4,"isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898212788,"gmtCreate":1628500175244,"gmtModify":1703507136699,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"[Anger]&nbsp;[Anger]&nbsp;","listText":"[Anger]&nbsp;[Anger]&nbsp;","text":"[Anger] [Anger]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/898212788","repostId":"1136322726","repostType":4,"isVote":1,"tweetType":1,"viewCount":145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899354956,"gmtCreate":1628163608575,"gmtModify":1703502355343,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"[Miser]&nbsp;[Miser]&nbsp;[Miser]&nbsp;","listText":"[Miser]&nbsp;[Miser]&nbsp;[Miser]&nbsp;","text":"[Miser] [Miser] [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899354956","repostId":"1199923953","repostType":2,"isVote":1,"tweetType":1,"viewCount":181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9092342313,"gmtCreate":1644543177151,"gmtModify":1676533939213,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/RIVN\">$Rivian Automotive, Inc.(RIVN)$</a>[Facepalm]&nbsp;[Facepalm]&nbsp;[Facepalm]&nbsp;[Facepalm]&nbsp;[Facepalm]&nbsp;","listText":"<a href=\"https://ttm.financial/S/RIVN\">$Rivian Automotive, Inc.(RIVN)$</a>[Facepalm]&nbsp;[Facepalm]&nbsp;[Facepalm]&nbsp;[Facepalm]&nbsp;[Facepalm]&nbsp;","text":"$Rivian Automotive, Inc.(RIVN)$[Facepalm] [Facepalm] [Facepalm] [Facepalm] [Facepalm]","images":[{"img":"https://static.itradeup.com/news/741d0785cb27b64b7d880e8b46b944ce","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/9092342313","isVote":1,"tweetType":1,"viewCount":273,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9092902255,"gmtCreate":1644503688057,"gmtModify":1676533934290,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a>[Smile]&nbsp;","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a>[Smile]&nbsp;","text":"$NVIDIA Corp(NVDA)$[Smile]","images":[{"img":"https://static.itradeup.com/news/314b316160ea8b4d53e57169064b8624","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092902255","isVote":1,"tweetType":1,"viewCount":350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":811485784,"gmtCreate":1630336838548,"gmtModify":1676530274800,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AGC\">$Altimeter Growth Corp.(AGC)$</a>Hope grab ipo bring me good luck and $$","listText":"<a href=\"https://laohu8.com/S/AGC\">$Altimeter Growth Corp.(AGC)$</a>Hope grab ipo bring me good luck and $$","text":"$Altimeter Growth Corp.(AGC)$Hope grab ipo bring me good luck and $$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811485784","isVote":1,"tweetType":1,"viewCount":128,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166380726,"gmtCreate":1623991687465,"gmtModify":1703825948345,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/166380726","repostId":"2144742925","repostType":4,"repost":{"id":"2144742925","pubTimestamp":1623976535,"share":"https://www.laohu8.com/m/news/2144742925?lang=&edition=full","pubTime":"2021-06-18 08:35","market":"us","language":"en","title":"1 Growth Stock That Could Be Bigger Than Apple","url":"https://stock-news.laohu8.com/highlight/detail?id=2144742925","media":"Motley Fool","summary":"The next decade looks bright for this supercomputing company.","content":"<p>In 1999, <b>NVIDIA</b> (NASDAQ:NVDA) invented the graphics processing unit (GPU), a chip that revolutionized the gaming industry. Then in 2006, it introduced the CUDA programming model, turning GPUs into general-purpose processors. Together, these innovations transformed NVIDIA into a supercomputing company, powering its rise in the data center market.</p>\n<p>NVIDIA hasn't lost that innovative spark, and its pipeline is full of products that could be growth drivers over the coming decade. In fact, if the company executes on its massive market opportunity, I think NVIDIA could be bigger than <b>Apple</b> by 2031. Here are three reasons why.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8eaf8802c7ed003335f2860d2fb148e9\" tg-width=\"700\" tg-height=\"467\"><span>Image source: Getty Images</span></p>\n<h2>1. The data center</h2>\n<p>Currently, NVIDIA controls over 90%&nbsp;of the data center accelerator market. Over the past 12 months, its data center business generated $7.6 billion in revenue, up 117%. But management sees a much larger market opportunity -- which could generate $100 billion by 2024.</p>\n<p>To that end, NVIDIA recently launched the DGX SuperPOD, a turnkey solution for enterprise artificial intelligence (AI). This cloud-native supercomputer simplifies AI, delivering in <a href=\"https://laohu8.com/S/AONE\">one</a> platform all of the resources (i.e., hardware and software) clients need to build and deploy AI applications.</p>\n<p>Likewise, the Bluefield-3 data processing unit (DPU) is a new chip designed to accelerate and secure data center infrastructure. Specifically, DPUs off-load services like networking, storage, and security, boosting the performance of central processing units (CPU).</p>\n<p>Finally, NVIDIA recently announced the Grace CPU. Set to launch in 2023, this ARM-based processor will accelerate AI workloads by a factor of 10. Moreover, alongside the DPU and GPU, it will make NVIDIA a three-chip company. CEO Jensen Huang believes this vertical integration will be a significant advantage, allowing NVIDIA to \"re-architect the data center to advance AI.\"</p>\n<h2><b>2. Autonomous vehicles</b></h2>\n<p>The NVIDIA DRIVE platform is designed to power autonomous vehicles (AVs). It combines in-car hardware with AI software, allowing vehicles to see, think, and move safely through their environments. In a recent report from advisory firm Navigant Research, NVIDIA DRIVE ranked as the No. 1 AV compute platform on the market.</p>\n<p>The brains behind this system is NVIDIA Orin, a supercomputer that delivers 254 TOPS of performance, meaning it can perform 254 trillion operations per second. By comparison, the latest chip from <b>Intel</b>'s&nbsp;<a href=\"https://laohu8.com/S/MBLY\">Mobileye</a> -- the No. 2 player in Navigant's report -- delivers just 24 TOPS.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d24136b7828e9c57db066423f43bfd7\" tg-width=\"700\" tg-height=\"525\"><span>The NVIDIA Orin. Image source: NVIDIA.</span></p>\n<p>While NVIDIA Orin won't ship until 2022, automakers like <b>NIO</b> &nbsp;and <b>Volvo</b> have already selected NVIDIA DRIVE to power their autonomous fleets. As a result, NVIDIA is set to recognize $8 billion in automotive revenue over the next six years. But that small figure doesn't scratch the surface of its long-term potential.</p>\n<p>Management believes the AV platform market will reach $25 billion by 2025. Given its competitive edge, NVIDIA could capture the lion's share of that figure. And if that happens, automotive sales could become a third major revenue stream for NVIDIA, supplementing its gaming and data center businesses.</p>\n<h2><b>3. NVIDIA Omniverse</b></h2>\n<p>This summer, NVIDIA will launch Omniverse, a platform that allows clients to build 3D simulations in real time. It connects industry-leading design tools from partners like <b>Autodesk</b> and <b><a href=\"https://laohu8.com/S/ADBE\">Adobe</a></b>, enabling collaboration in a shared virtual space. This is a big deal for three reasons.</p>\n<p>First, Omniverse will accelerate AI. NVIDIA DRIVE Sim&nbsp;is an Omniverse-powered application that allows clients to generate synthetic driving data. That data can then be used in the real world to train AI models for autonomous vehicles.</p>\n<p>Second, Omniverse is a subscription product. That's noteworthy because semiconductor sales tend to be cyclical, which can cause lumpy revenue growth. But subscription sales are typically recurring in nature, meaning Omniverse could help NVIDIA grow its top line more consistently.</p>\n<p>Third, NVIDIA believes this is a stepping-stone to the Metaverse. If you're unfamiliar with the term, the idea comes from science fiction. The Metaverse refers to a persistent virtual world, a digital reality where people can interact and share experiences.</p>\n<p>Here's the big picture: The virtual reality market will hit $69 billion by 2028, according to Grand View Research. And so far, NVIDIA Omniverse is gaining traction rapidly. During the three-month beta testing period, it was downloaded by over 17,000 users.</p>\n<h2>A final word</h2>\n<p>To summarize, NVIDIA benefits from a solid competitive position and a massive market opportunity. Both advantages should be growth drivers over the coming decade. But will they be enough to eclipse Apple's current market cap of $2.1 trillion?</p>\n<p>No one knows the future, but I think it's possible. Since fiscal 2016 (ended Jan. 31, 2016), NVIDIA's revenue has grown at 29% per year. If it can maintain an annual growth rate of just 17% over the next decade (assuming its price-to-sales ratio remains unchanged), NVIDIA's market cap would reach $2.2 trillion in 2031.</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>1 Growth Stock That Could Be Bigger Than Apple</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\">\n1 Growth Stock That Could Be Bigger Than Apple\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 08:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/17/1-growth-stock-that-could-be-bigger-than-apple/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In 1999, NVIDIA (NASDAQ:NVDA) invented the graphics processing unit (GPU), a chip that revolutionized the gaming industry. Then in 2006, it introduced the CUDA programming model, turning GPUs into ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/17/1-growth-stock-that-could-be-bigger-than-apple/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","NVDA":"英伟达"},"source_url":"https://www.fool.com/investing/2021/06/17/1-growth-stock-that-could-be-bigger-than-apple/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144742925","content_text":"In 1999, NVIDIA (NASDAQ:NVDA) invented the graphics processing unit (GPU), a chip that revolutionized the gaming industry. Then in 2006, it introduced the CUDA programming model, turning GPUs into general-purpose processors. Together, these innovations transformed NVIDIA into a supercomputing company, powering its rise in the data center market.\nNVIDIA hasn't lost that innovative spark, and its pipeline is full of products that could be growth drivers over the coming decade. In fact, if the company executes on its massive market opportunity, I think NVIDIA could be bigger than Apple by 2031. Here are three reasons why.\nImage source: Getty Images\n1. The data center\nCurrently, NVIDIA controls over 90% of the data center accelerator market. Over the past 12 months, its data center business generated $7.6 billion in revenue, up 117%. But management sees a much larger market opportunity -- which could generate $100 billion by 2024.\nTo that end, NVIDIA recently launched the DGX SuperPOD, a turnkey solution for enterprise artificial intelligence (AI). This cloud-native supercomputer simplifies AI, delivering in one platform all of the resources (i.e., hardware and software) clients need to build and deploy AI applications.\nLikewise, the Bluefield-3 data processing unit (DPU) is a new chip designed to accelerate and secure data center infrastructure. Specifically, DPUs off-load services like networking, storage, and security, boosting the performance of central processing units (CPU).\nFinally, NVIDIA recently announced the Grace CPU. Set to launch in 2023, this ARM-based processor will accelerate AI workloads by a factor of 10. Moreover, alongside the DPU and GPU, it will make NVIDIA a three-chip company. CEO Jensen Huang believes this vertical integration will be a significant advantage, allowing NVIDIA to \"re-architect the data center to advance AI.\"\n2. Autonomous vehicles\nThe NVIDIA DRIVE platform is designed to power autonomous vehicles (AVs). It combines in-car hardware with AI software, allowing vehicles to see, think, and move safely through their environments. In a recent report from advisory firm Navigant Research, NVIDIA DRIVE ranked as the No. 1 AV compute platform on the market.\nThe brains behind this system is NVIDIA Orin, a supercomputer that delivers 254 TOPS of performance, meaning it can perform 254 trillion operations per second. By comparison, the latest chip from Intel's Mobileye -- the No. 2 player in Navigant's report -- delivers just 24 TOPS.\nThe NVIDIA Orin. Image source: NVIDIA.\nWhile NVIDIA Orin won't ship until 2022, automakers like NIO  and Volvo have already selected NVIDIA DRIVE to power their autonomous fleets. As a result, NVIDIA is set to recognize $8 billion in automotive revenue over the next six years. But that small figure doesn't scratch the surface of its long-term potential.\nManagement believes the AV platform market will reach $25 billion by 2025. Given its competitive edge, NVIDIA could capture the lion's share of that figure. And if that happens, automotive sales could become a third major revenue stream for NVIDIA, supplementing its gaming and data center businesses.\n3. NVIDIA Omniverse\nThis summer, NVIDIA will launch Omniverse, a platform that allows clients to build 3D simulations in real time. It connects industry-leading design tools from partners like Autodesk and Adobe, enabling collaboration in a shared virtual space. This is a big deal for three reasons.\nFirst, Omniverse will accelerate AI. NVIDIA DRIVE Sim is an Omniverse-powered application that allows clients to generate synthetic driving data. That data can then be used in the real world to train AI models for autonomous vehicles.\nSecond, Omniverse is a subscription product. That's noteworthy because semiconductor sales tend to be cyclical, which can cause lumpy revenue growth. But subscription sales are typically recurring in nature, meaning Omniverse could help NVIDIA grow its top line more consistently.\nThird, NVIDIA believes this is a stepping-stone to the Metaverse. If you're unfamiliar with the term, the idea comes from science fiction. The Metaverse refers to a persistent virtual world, a digital reality where people can interact and share experiences.\nHere's the big picture: The virtual reality market will hit $69 billion by 2028, according to Grand View Research. And so far, NVIDIA Omniverse is gaining traction rapidly. During the three-month beta testing period, it was downloaded by over 17,000 users.\nA final word\nTo summarize, NVIDIA benefits from a solid competitive position and a massive market opportunity. Both advantages should be growth drivers over the coming decade. But will they be enough to eclipse Apple's current market cap of $2.1 trillion?\nNo one knows the future, but I think it's possible. Since fiscal 2016 (ended Jan. 31, 2016), NVIDIA's revenue has grown at 29% per year. If it can maintain an annual growth rate of just 17% over the next decade (assuming its price-to-sales ratio remains unchanged), NVIDIA's market cap would reach $2.2 trillion in 2031.","news_type":1},"isVote":1,"tweetType":1,"viewCount":84,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163374267,"gmtCreate":1623860914860,"gmtModify":1703821865631,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"May invest in PayPal&nbsp;","listText":"May invest in PayPal&nbsp;","text":"May invest in PayPal","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/163374267","repostId":"2139645323","repostType":4,"repost":{"id":"2139645323","pubTimestamp":1622531160,"share":"https://www.laohu8.com/m/news/2139645323?lang=&edition=full","pubTime":"2021-06-01 15:06","market":"us","language":"en","title":"3 Stocks You Can Buy and Hold for the Next Decade","url":"https://stock-news.laohu8.com/highlight/detail?id=2139645323","media":"Motley Fool","summary":"These three compelling businesses appear poised to keep growing -- and rewarding shareholders -- for a long time.","content":"<p>If you're looking at some exciting companies and are thinking of buying them, be sure you're planning to hang on for a bunch of years. If you're hoping to own them for a year or so, expecting a big gain in that period, you stand a good chance of being disappointed, since stocks can be very volatile, moving in unexpected directions over short periods. Remember that many great fortunes that have been built via stocks have been amassed over decades, not overnight.</p>\n<p>Here, then, are three companies for your consideration. Each of them appears to have a long runway of growth ahead.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/27e85ea047ad7de1bb9eadfc3da38321\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>1. American Water Works</h2>\n<p><b>American Water Works</b> (NYSE:AWK) traces its history way back to 1886, and since then it has grown into the nation's biggest publicly traded water and wastewater utility. It has a big footprint, servicing more than 15 million people in 46 states. It encompasses more&nbsp;than 53,000 miles of pipe, 609 water treatment planes, and 150 wastewater facilities, as of the end of 2020. It's also investing significantly in renewing or upgrading its infrastructure -- while reducing its greenhouse emissions and its water usage.</p>\n<p>The company, considered by many to be <a href=\"https://laohu8.com/S/AONE\">one</a> of the best utility stocks around, is growing, too --having added on five systems, with&nbsp;a total of 900 customer connections, in the first four months of 2021 and with 32 additional systems and 86,000 customer connections expected over the rest of the year.</p>\n<p>American Water Works is a dividend-paying company, recently yielding 1.6%. Better still, it's a company with a strong history of upping its payout -- over the past five years by&nbsp;an average annual rate of 10%. It's never going to be an eye-popper of a growth stock, but it's <a href=\"https://laohu8.com/S/AONE.U\">one</a> that can help you sleep at night, while delivering regular -- and growing -- income. We're not likely to stop needing and using clean and safe water anytime soon. As CEO Walter Lynch noted in the first-quarter conference call, \"There continues to be a significant need to invest in water and wastewater infrastructure, not just within our system, but broadly across the United States.\"</p>\n<h2>2. Walt Disney</h2>\n<p><b>Walt Disney</b> (NYSE:DIS) is a very familiar company to all of us, offering something for just about everyone. Its empire features everything from parks and resorts (think Disney World, Epcot, and more) to Disney movies, Pixar, ESPN, ABC TV, a majority stake in Hulu, and the relatively new Disney+ streaming service, which boasted 10 million signups on its first day -- among other things. It also produces Marvel and Star Wars content.</p>\n<p>All of those valuable assets are worth more together -- such as when Disney can release a hit movie and then create a popular attraction based on it at a park, and offer it for streaming, too. The company is already bundling its streaming content, recently offering a $12.99 per-month bundle of Disney+, Hulu, and ESPN+.</p>\n<p>The company has been challenged by the pandemic, which shut down parks and resorts along with movie theaters, but the improving economy, boosted by vaccinations, bodes well for the company's near-term prospects. Meanwhile, parts of its business have been doing just fine. Hulu, for example, almost tripled its subscribership between 2017 and 2020, to 36.6 million. Its Hulu + Live TV package recently cost $65 per month -- and sports more than 4 million subscribers. That alone generates more than $3 billion annually.</p>\n<p>Disney is a great long-term investment. Its dividend was a casualty of the pandemic, but it's likely to be resumed at some point.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ddf75f7c631c7f16af4e1d58992538ff\" tg-width=\"700\" tg-height=\"467\"><span>Image source: Getty Images.</span></p>\n<h2>3. <a href=\"https://laohu8.com/S/PYPL\">PayPal</a></h2>\n<p>Finally, we arrive at <b>PayPal</b> (NASDAQ:PYPL), the hugely successful digital payment specialist, with&nbsp;more than 375 million consumer and seller accounts in more than 200 markets. It has grown briskly, spreading across more regions and also boosting the engagement of its account holders. (Engagement, measured as the number of payments per account, has&nbsp;increased by a factor of 1.5 between 2015 and 2020.) Between 2015 and 2020, revenue more than doubled, non-GAAP earnings per share tripled, free cash flow roughly tripled, and the company's market cap increased about seven-fold.</p>\n<p>While you're surely aware of PayPal's flagship payment system, PayPal, you may not realize it also owns a payment platform highly popular with younger folks -- Venmo. It also offers other services, such as Buy Now, Pay Later, which was launched last year and already is being used by around 3 million consumers. PayPal is even offering cryptocurrency services, such as allowing account holders to buy and sell cryptocurrencies and to transfer them to others' digital wallets.</p>\n<p>PayPal sees its total addressable market -- including in-store and online retail, bill-paying, government payments, business-to-consumer payments, asset trading, and more -- valued&nbsp;at around $110 <i>trillion</i>. Even if it were only a tenth of that, there's plenty of room for further growth. PayPal's trailing 12-month revenue was recently close&nbsp;to $23 billion, and the company is aiming&nbsp;for more than $50 billion by 2025. The main downside for this growth stock at the moment is that its price doesn't appear cheap. You might, therefore, simply add it to your watchlist, waiting and hoping for a pullback, or you might invest in it over time, in chunks.</p>\n<p>As you seek investments for your stock portfolio, be sure to focus on the long term, aiming to hold your stocks for many years, if not decades. See whether any of the companies above interest you -- and know that there are many other compelling businesses out there, too.</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>3 Stocks You Can Buy and Hold for the Next Decade</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\">\n3 Stocks You Can Buy and Hold for the Next Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 15:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/31/3-stocks-you-can-buy-and-hold-for-the-next-decade/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If you're looking at some exciting companies and are thinking of buying them, be sure you're planning to hang on for a bunch of years. If you're hoping to own them for a year or so, expecting a big ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/31/3-stocks-you-can-buy-and-hold-for-the-next-decade/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AWK":"美国水务","DIS":"迪士尼","PYPL":"PayPal"},"source_url":"https://www.fool.com/investing/2021/05/31/3-stocks-you-can-buy-and-hold-for-the-next-decade/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2139645323","content_text":"If you're looking at some exciting companies and are thinking of buying them, be sure you're planning to hang on for a bunch of years. If you're hoping to own them for a year or so, expecting a big gain in that period, you stand a good chance of being disappointed, since stocks can be very volatile, moving in unexpected directions over short periods. Remember that many great fortunes that have been built via stocks have been amassed over decades, not overnight.\nHere, then, are three companies for your consideration. Each of them appears to have a long runway of growth ahead.\nImage source: Getty Images.\n1. American Water Works\nAmerican Water Works (NYSE:AWK) traces its history way back to 1886, and since then it has grown into the nation's biggest publicly traded water and wastewater utility. It has a big footprint, servicing more than 15 million people in 46 states. It encompasses more than 53,000 miles of pipe, 609 water treatment planes, and 150 wastewater facilities, as of the end of 2020. It's also investing significantly in renewing or upgrading its infrastructure -- while reducing its greenhouse emissions and its water usage.\nThe company, considered by many to be one of the best utility stocks around, is growing, too --having added on five systems, with a total of 900 customer connections, in the first four months of 2021 and with 32 additional systems and 86,000 customer connections expected over the rest of the year.\nAmerican Water Works is a dividend-paying company, recently yielding 1.6%. Better still, it's a company with a strong history of upping its payout -- over the past five years by an average annual rate of 10%. It's never going to be an eye-popper of a growth stock, but it's one that can help you sleep at night, while delivering regular -- and growing -- income. We're not likely to stop needing and using clean and safe water anytime soon. As CEO Walter Lynch noted in the first-quarter conference call, \"There continues to be a significant need to invest in water and wastewater infrastructure, not just within our system, but broadly across the United States.\"\n2. Walt Disney\nWalt Disney (NYSE:DIS) is a very familiar company to all of us, offering something for just about everyone. Its empire features everything from parks and resorts (think Disney World, Epcot, and more) to Disney movies, Pixar, ESPN, ABC TV, a majority stake in Hulu, and the relatively new Disney+ streaming service, which boasted 10 million signups on its first day -- among other things. It also produces Marvel and Star Wars content.\nAll of those valuable assets are worth more together -- such as when Disney can release a hit movie and then create a popular attraction based on it at a park, and offer it for streaming, too. The company is already bundling its streaming content, recently offering a $12.99 per-month bundle of Disney+, Hulu, and ESPN+.\nThe company has been challenged by the pandemic, which shut down parks and resorts along with movie theaters, but the improving economy, boosted by vaccinations, bodes well for the company's near-term prospects. Meanwhile, parts of its business have been doing just fine. Hulu, for example, almost tripled its subscribership between 2017 and 2020, to 36.6 million. Its Hulu + Live TV package recently cost $65 per month -- and sports more than 4 million subscribers. That alone generates more than $3 billion annually.\nDisney is a great long-term investment. Its dividend was a casualty of the pandemic, but it's likely to be resumed at some point.\nImage source: Getty Images.\n3. PayPal\nFinally, we arrive at PayPal (NASDAQ:PYPL), the hugely successful digital payment specialist, with more than 375 million consumer and seller accounts in more than 200 markets. It has grown briskly, spreading across more regions and also boosting the engagement of its account holders. (Engagement, measured as the number of payments per account, has increased by a factor of 1.5 between 2015 and 2020.) Between 2015 and 2020, revenue more than doubled, non-GAAP earnings per share tripled, free cash flow roughly tripled, and the company's market cap increased about seven-fold.\nWhile you're surely aware of PayPal's flagship payment system, PayPal, you may not realize it also owns a payment platform highly popular with younger folks -- Venmo. It also offers other services, such as Buy Now, Pay Later, which was launched last year and already is being used by around 3 million consumers. PayPal is even offering cryptocurrency services, such as allowing account holders to buy and sell cryptocurrencies and to transfer them to others' digital wallets.\nPayPal sees its total addressable market -- including in-store and online retail, bill-paying, government payments, business-to-consumer payments, asset trading, and more -- valued at around $110 trillion. Even if it were only a tenth of that, there's plenty of room for further growth. PayPal's trailing 12-month revenue was recently close to $23 billion, and the company is aiming for more than $50 billion by 2025. The main downside for this growth stock at the moment is that its price doesn't appear cheap. You might, therefore, simply add it to your watchlist, waiting and hoping for a pullback, or you might invest in it over time, in chunks.\nAs you seek investments for your stock portfolio, be sure to focus on the long term, aiming to hold your stocks for many years, if not decades. See whether any of the companies above interest you -- and know that there are many other compelling businesses out there, too.","news_type":1},"isVote":1,"tweetType":1,"viewCount":162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160369777,"gmtCreate":1623772862999,"gmtModify":1703819050782,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Is now a good time to buy[Serious]&nbsp;[Serious]&nbsp; <a href=\"https://laohu8.com/S/AGC\">$Altimeter Growth Corp.(AGC)$</a>","listText":"Is now a good time to buy[Serious]&nbsp;[Serious]&nbsp; <a href=\"https://laohu8.com/S/AGC\">$Altimeter Growth Corp.(AGC)$</a>","text":"Is now a good time to buy[Serious] [Serious] $Altimeter Growth Corp.(AGC)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/160369777","repostId":"1128243947","repostType":2,"isVote":1,"tweetType":1,"viewCount":333,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1},"content":"Just curious, if this is really good then why the share price is still $11","text":"Just curious, if this is really good then why the share price is still $11","html":"Just curious, if this is really good then why the share price is still $11"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890333046,"gmtCreate":1628082335085,"gmtModify":1703500843899,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/U11.SI\">$UNITED OVERSEAS BANK LIMITED(U11.SI)$</a>Dividend S$0.6!!??[Surprised]&nbsp;","listText":"<a href=\"https://laohu8.com/S/U11.SI\">$UNITED OVERSEAS BANK LIMITED(U11.SI)$</a>Dividend S$0.6!!??[Surprised]&nbsp;","text":"$UNITED OVERSEAS BANK LIMITED(U11.SI)$Dividend S$0.6!!??[Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/890333046","isVote":1,"tweetType":1,"viewCount":88,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":141701071,"gmtCreate":1625889428893,"gmtModify":1703750528437,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PYPL\">$PayPal(PYPL)$</a>gogogo","listText":"<a href=\"https://laohu8.com/S/PYPL\">$PayPal(PYPL)$</a>gogogo","text":"$PayPal(PYPL)$gogogo","images":[{"img":"https://static.tigerbbs.com/a97425e0ff6e111220fb1924331c7e1b","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/141701071","isVote":1,"tweetType":1,"viewCount":98,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":161419745,"gmtCreate":1623937971887,"gmtModify":1703823988590,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PYPL\">$PayPal(PYPL)$</a>Slowly slowly [Miser]&nbsp;","listText":"<a href=\"https://laohu8.com/S/PYPL\">$PayPal(PYPL)$</a>Slowly slowly [Miser]&nbsp;","text":"$PayPal(PYPL)$Slowly slowly [Miser]","images":[{"img":"https://static.tigerbbs.com/9b611d4683162f332462d6bc14ffe74a","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161419745","isVote":1,"tweetType":1,"viewCount":35,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":187922012,"gmtCreate":1623736028136,"gmtModify":1704209983231,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Wow[Surprised]&nbsp;","listText":"Wow[Surprised]&nbsp;","text":"Wow[Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/187922012","repostId":"1186361842","repostType":4,"repost":{"id":"1186361842","pubTimestamp":1623734918,"share":"https://www.laohu8.com/m/news/1186361842?lang=&edition=full","pubTime":"2021-06-15 13:28","market":"hk","language":"en","title":"Singapore Financial Regulator Reprimands AIA, Aviva, Prudential","url":"https://stock-news.laohu8.com/highlight/detail?id=1186361842","media":"Bloomberg","summary":"Singapore’s financial regulator reprimanded the local entities of AIA Group Ltd., Aviva Plc and Prud","content":"<p>Singapore’s financial regulator reprimanded the local entities of AIA Group Ltd., Aviva Plc and Prudential Plc for breaching requirements related to risk management and supervisors’ pay.</p>\n<p>The Monetary Authority of Singapore found numerous instances where supervisors at these firms were paid in contravention of requirements under the Financial Advisers Act, relating to the sale of investment products and premium life policies, it said in a statement on Tuesday.</p>\n<p>MAS also reprimanded Peter Tan Shou Yi, a consultant engaged by Aviva in Singapore, for accepting remuneration in breach of regulatory requirements, and the insurance firm’s local Chief Executive Officer Chee Boon Chai Lionel, for his failure to discharge the duties of his office.</p>\n<p>“Our requirements on remuneration practices relating to the sale of investment and life insurance products aim to promote good sales conduct in the financial advisory industry,” MAS Deputy Managing Director Ho Hern Shin said in the statement. “We have dealt firmly with these financial institutions and individuals who have breached our regulations, to send a clear message to the industry on the importance of upholding high ethical standards.”</p>\n<p>MAS ordered Aviva Financial Advisers Pte Ltd. to appoint an independent external team to conduct a holistic review of the company’s internal control processes, and to perform call-backs to all customers before any sales are completed. These measures are still in place.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Financial Regulator Reprimands AIA, Aviva, Prudential</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Financial Regulator Reprimands AIA, Aviva, Prudential\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 13:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-15/singapore-financial-regulator-reprimands-aia-aviva-prudential><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore’s financial regulator reprimanded the local entities of AIA Group Ltd., Aviva Plc and Prudential Plc for breaching requirements related to risk management and supervisors’ pay.\nThe Monetary ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-15/singapore-financial-regulator-reprimands-aia-aviva-prudential\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"K6S.SI":"英国保诚","01299":"友邦保险","PRU":"保德信金融","AIVAF":"Aviva Plc","AAIGF":"AIA Group, Ltd."},"source_url":"https://www.bloomberg.com/news/articles/2021-06-15/singapore-financial-regulator-reprimands-aia-aviva-prudential","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186361842","content_text":"Singapore’s financial regulator reprimanded the local entities of AIA Group Ltd., Aviva Plc and Prudential Plc for breaching requirements related to risk management and supervisors’ pay.\nThe Monetary Authority of Singapore found numerous instances where supervisors at these firms were paid in contravention of requirements under the Financial Advisers Act, relating to the sale of investment products and premium life policies, it said in a statement on Tuesday.\nMAS also reprimanded Peter Tan Shou Yi, a consultant engaged by Aviva in Singapore, for accepting remuneration in breach of regulatory requirements, and the insurance firm’s local Chief Executive Officer Chee Boon Chai Lionel, for his failure to discharge the duties of his office.\n“Our requirements on remuneration practices relating to the sale of investment and life insurance products aim to promote good sales conduct in the financial advisory industry,” MAS Deputy Managing Director Ho Hern Shin said in the statement. “We have dealt firmly with these financial institutions and individuals who have breached our regulations, to send a clear message to the industry on the importance of upholding high ethical standards.”\nMAS ordered Aviva Financial Advisers Pte Ltd. to appoint an independent external team to conduct a holistic review of the company’s internal control processes, and to perform call-backs to all customers before any sales are completed. These measures are still in place.","news_type":1},"isVote":1,"tweetType":1,"viewCount":59,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184965026,"gmtCreate":1623681265265,"gmtModify":1704208592527,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Nice share [Smile]&nbsp;","listText":"Nice share [Smile]&nbsp;","text":"Nice share [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/184965026","repostId":"2143784913","repostType":4,"isVote":1,"tweetType":1,"viewCount":53,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886890816,"gmtCreate":1631578529535,"gmtModify":1676530578857,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AGC\">$Altimeter Growth Corp.(AGC)$</a>[Smile]&nbsp;","listText":"<a href=\"https://laohu8.com/S/AGC\">$Altimeter Growth Corp.(AGC)$</a>[Smile]&nbsp;","text":"$Altimeter Growth Corp.(AGC)$[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886890816","repostId":"2167953360","repostType":2,"isVote":1,"tweetType":1,"viewCount":34,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166389919,"gmtCreate":1623991699731,"gmtModify":1703825948508,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"[Surprised]&nbsp;","listText":"[Surprised]&nbsp;","text":"[Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166389919","repostId":"2144742925","repostType":4,"repost":{"id":"2144742925","pubTimestamp":1623976535,"share":"https://www.laohu8.com/m/news/2144742925?lang=&edition=full","pubTime":"2021-06-18 08:35","market":"us","language":"en","title":"1 Growth Stock That Could Be Bigger Than Apple","url":"https://stock-news.laohu8.com/highlight/detail?id=2144742925","media":"Motley Fool","summary":"The next decade looks bright for this supercomputing company.","content":"<p>In 1999, <b>NVIDIA</b> (NASDAQ:NVDA) invented the graphics processing unit (GPU), a chip that revolutionized the gaming industry. Then in 2006, it introduced the CUDA programming model, turning GPUs into general-purpose processors. Together, these innovations transformed NVIDIA into a supercomputing company, powering its rise in the data center market.</p>\n<p>NVIDIA hasn't lost that innovative spark, and its pipeline is full of products that could be growth drivers over the coming decade. In fact, if the company executes on its massive market opportunity, I think NVIDIA could be bigger than <b>Apple</b> by 2031. Here are three reasons why.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8eaf8802c7ed003335f2860d2fb148e9\" tg-width=\"700\" tg-height=\"467\"><span>Image source: Getty Images</span></p>\n<h2>1. The data center</h2>\n<p>Currently, NVIDIA controls over 90%&nbsp;of the data center accelerator market. Over the past 12 months, its data center business generated $7.6 billion in revenue, up 117%. But management sees a much larger market opportunity -- which could generate $100 billion by 2024.</p>\n<p>To that end, NVIDIA recently launched the DGX SuperPOD, a turnkey solution for enterprise artificial intelligence (AI). This cloud-native supercomputer simplifies AI, delivering in <a href=\"https://laohu8.com/S/AONE\">one</a> platform all of the resources (i.e., hardware and software) clients need to build and deploy AI applications.</p>\n<p>Likewise, the Bluefield-3 data processing unit (DPU) is a new chip designed to accelerate and secure data center infrastructure. Specifically, DPUs off-load services like networking, storage, and security, boosting the performance of central processing units (CPU).</p>\n<p>Finally, NVIDIA recently announced the Grace CPU. Set to launch in 2023, this ARM-based processor will accelerate AI workloads by a factor of 10. Moreover, alongside the DPU and GPU, it will make NVIDIA a three-chip company. CEO Jensen Huang believes this vertical integration will be a significant advantage, allowing NVIDIA to \"re-architect the data center to advance AI.\"</p>\n<h2><b>2. Autonomous vehicles</b></h2>\n<p>The NVIDIA DRIVE platform is designed to power autonomous vehicles (AVs). It combines in-car hardware with AI software, allowing vehicles to see, think, and move safely through their environments. In a recent report from advisory firm Navigant Research, NVIDIA DRIVE ranked as the No. 1 AV compute platform on the market.</p>\n<p>The brains behind this system is NVIDIA Orin, a supercomputer that delivers 254 TOPS of performance, meaning it can perform 254 trillion operations per second. By comparison, the latest chip from <b>Intel</b>'s&nbsp;<a href=\"https://laohu8.com/S/MBLY\">Mobileye</a> -- the No. 2 player in Navigant's report -- delivers just 24 TOPS.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d24136b7828e9c57db066423f43bfd7\" tg-width=\"700\" tg-height=\"525\"><span>The NVIDIA Orin. Image source: NVIDIA.</span></p>\n<p>While NVIDIA Orin won't ship until 2022, automakers like <b>NIO</b> &nbsp;and <b>Volvo</b> have already selected NVIDIA DRIVE to power their autonomous fleets. As a result, NVIDIA is set to recognize $8 billion in automotive revenue over the next six years. But that small figure doesn't scratch the surface of its long-term potential.</p>\n<p>Management believes the AV platform market will reach $25 billion by 2025. Given its competitive edge, NVIDIA could capture the lion's share of that figure. And if that happens, automotive sales could become a third major revenue stream for NVIDIA, supplementing its gaming and data center businesses.</p>\n<h2><b>3. NVIDIA Omniverse</b></h2>\n<p>This summer, NVIDIA will launch Omniverse, a platform that allows clients to build 3D simulations in real time. It connects industry-leading design tools from partners like <b>Autodesk</b> and <b><a href=\"https://laohu8.com/S/ADBE\">Adobe</a></b>, enabling collaboration in a shared virtual space. This is a big deal for three reasons.</p>\n<p>First, Omniverse will accelerate AI. NVIDIA DRIVE Sim&nbsp;is an Omniverse-powered application that allows clients to generate synthetic driving data. That data can then be used in the real world to train AI models for autonomous vehicles.</p>\n<p>Second, Omniverse is a subscription product. That's noteworthy because semiconductor sales tend to be cyclical, which can cause lumpy revenue growth. But subscription sales are typically recurring in nature, meaning Omniverse could help NVIDIA grow its top line more consistently.</p>\n<p>Third, NVIDIA believes this is a stepping-stone to the Metaverse. If you're unfamiliar with the term, the idea comes from science fiction. The Metaverse refers to a persistent virtual world, a digital reality where people can interact and share experiences.</p>\n<p>Here's the big picture: The virtual reality market will hit $69 billion by 2028, according to Grand View Research. And so far, NVIDIA Omniverse is gaining traction rapidly. During the three-month beta testing period, it was downloaded by over 17,000 users.</p>\n<h2>A final word</h2>\n<p>To summarize, NVIDIA benefits from a solid competitive position and a massive market opportunity. Both advantages should be growth drivers over the coming decade. But will they be enough to eclipse Apple's current market cap of $2.1 trillion?</p>\n<p>No one knows the future, but I think it's possible. Since fiscal 2016 (ended Jan. 31, 2016), NVIDIA's revenue has grown at 29% per year. If it can maintain an annual growth rate of just 17% over the next decade (assuming its price-to-sales ratio remains unchanged), NVIDIA's market cap would reach $2.2 trillion in 2031.</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>1 Growth Stock That Could Be Bigger Than Apple</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\">\n1 Growth Stock That Could Be Bigger Than Apple\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 08:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/17/1-growth-stock-that-could-be-bigger-than-apple/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In 1999, NVIDIA (NASDAQ:NVDA) invented the graphics processing unit (GPU), a chip that revolutionized the gaming industry. Then in 2006, it introduced the CUDA programming model, turning GPUs into ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/17/1-growth-stock-that-could-be-bigger-than-apple/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","NVDA":"英伟达"},"source_url":"https://www.fool.com/investing/2021/06/17/1-growth-stock-that-could-be-bigger-than-apple/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144742925","content_text":"In 1999, NVIDIA (NASDAQ:NVDA) invented the graphics processing unit (GPU), a chip that revolutionized the gaming industry. Then in 2006, it introduced the CUDA programming model, turning GPUs into general-purpose processors. Together, these innovations transformed NVIDIA into a supercomputing company, powering its rise in the data center market.\nNVIDIA hasn't lost that innovative spark, and its pipeline is full of products that could be growth drivers over the coming decade. In fact, if the company executes on its massive market opportunity, I think NVIDIA could be bigger than Apple by 2031. Here are three reasons why.\nImage source: Getty Images\n1. The data center\nCurrently, NVIDIA controls over 90% of the data center accelerator market. Over the past 12 months, its data center business generated $7.6 billion in revenue, up 117%. But management sees a much larger market opportunity -- which could generate $100 billion by 2024.\nTo that end, NVIDIA recently launched the DGX SuperPOD, a turnkey solution for enterprise artificial intelligence (AI). This cloud-native supercomputer simplifies AI, delivering in one platform all of the resources (i.e., hardware and software) clients need to build and deploy AI applications.\nLikewise, the Bluefield-3 data processing unit (DPU) is a new chip designed to accelerate and secure data center infrastructure. Specifically, DPUs off-load services like networking, storage, and security, boosting the performance of central processing units (CPU).\nFinally, NVIDIA recently announced the Grace CPU. Set to launch in 2023, this ARM-based processor will accelerate AI workloads by a factor of 10. Moreover, alongside the DPU and GPU, it will make NVIDIA a three-chip company. CEO Jensen Huang believes this vertical integration will be a significant advantage, allowing NVIDIA to \"re-architect the data center to advance AI.\"\n2. Autonomous vehicles\nThe NVIDIA DRIVE platform is designed to power autonomous vehicles (AVs). It combines in-car hardware with AI software, allowing vehicles to see, think, and move safely through their environments. In a recent report from advisory firm Navigant Research, NVIDIA DRIVE ranked as the No. 1 AV compute platform on the market.\nThe brains behind this system is NVIDIA Orin, a supercomputer that delivers 254 TOPS of performance, meaning it can perform 254 trillion operations per second. By comparison, the latest chip from Intel's Mobileye -- the No. 2 player in Navigant's report -- delivers just 24 TOPS.\nThe NVIDIA Orin. Image source: NVIDIA.\nWhile NVIDIA Orin won't ship until 2022, automakers like NIO  and Volvo have already selected NVIDIA DRIVE to power their autonomous fleets. As a result, NVIDIA is set to recognize $8 billion in automotive revenue over the next six years. But that small figure doesn't scratch the surface of its long-term potential.\nManagement believes the AV platform market will reach $25 billion by 2025. Given its competitive edge, NVIDIA could capture the lion's share of that figure. And if that happens, automotive sales could become a third major revenue stream for NVIDIA, supplementing its gaming and data center businesses.\n3. NVIDIA Omniverse\nThis summer, NVIDIA will launch Omniverse, a platform that allows clients to build 3D simulations in real time. It connects industry-leading design tools from partners like Autodesk and Adobe, enabling collaboration in a shared virtual space. This is a big deal for three reasons.\nFirst, Omniverse will accelerate AI. NVIDIA DRIVE Sim is an Omniverse-powered application that allows clients to generate synthetic driving data. That data can then be used in the real world to train AI models for autonomous vehicles.\nSecond, Omniverse is a subscription product. That's noteworthy because semiconductor sales tend to be cyclical, which can cause lumpy revenue growth. But subscription sales are typically recurring in nature, meaning Omniverse could help NVIDIA grow its top line more consistently.\nThird, NVIDIA believes this is a stepping-stone to the Metaverse. If you're unfamiliar with the term, the idea comes from science fiction. The Metaverse refers to a persistent virtual world, a digital reality where people can interact and share experiences.\nHere's the big picture: The virtual reality market will hit $69 billion by 2028, according to Grand View Research. And so far, NVIDIA Omniverse is gaining traction rapidly. During the three-month beta testing period, it was downloaded by over 17,000 users.\nA final word\nTo summarize, NVIDIA benefits from a solid competitive position and a massive market opportunity. Both advantages should be growth drivers over the coming decade. But will they be enough to eclipse Apple's current market cap of $2.1 trillion?\nNo one knows the future, but I think it's possible. Since fiscal 2016 (ended Jan. 31, 2016), NVIDIA's revenue has grown at 29% per year. If it can maintain an annual growth rate of just 17% over the next decade (assuming its price-to-sales ratio remains unchanged), NVIDIA's market cap would reach $2.2 trillion in 2031.","news_type":1},"isVote":1,"tweetType":1,"viewCount":142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160361564,"gmtCreate":1623772899958,"gmtModify":1703819054331,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Good article.&nbsp;Very informative to ppl&nbsp;","listText":"Good article.&nbsp;Very informative to ppl&nbsp;","text":"Good article. Very informative to ppl","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160361564","repostId":"1128243947","repostType":2,"isVote":1,"tweetType":1,"viewCount":15,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817661719,"gmtCreate":1630942225531,"gmtModify":1676530425802,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/817661719","repostId":"1192663802","repostType":2,"repost":{"id":"1192663802","pubTimestamp":1630898224,"share":"https://www.laohu8.com/m/news/1192663802?lang=&edition=full","pubTime":"2021-09-06 11:17","market":"sg","language":"en","title":"An IFRS-Updated Complete And Comprehensive Fundamental Analysis Of Grab And AGC","url":"https://stock-news.laohu8.com/highlight/detail?id=1192663802","media":"seekingalpha","summary":"Summary\n\nAs Grab-AGC merger draws near, new insights derived from auditors and SEC's increased scrut","content":"<p><b>Summary</b></p>\n<ul>\n <li>As Grab-AGC merger draws near, new insights derived from auditors and SEC's increased scrutiny of SPACs drastically changed our bullish thesis established 5 months ago.</li>\n <li>Grab's top line and bottom line improved in 2021Q1 as a result of increased GMV per user. However, decline in monthly users suggests that growth momentum at risk due to competitions.</li>\n <li>Although competitions are rising, Grab stated at the regions' market penetration stands at only 11%, offering Grab and competitions plenty of headroom to grow.</li>\n <li>Material changes of our thesis sterns from Grab's valuations based on the revised figures in accordance to IFRS. This offers investors little investment value proposition compared to UBER and DIDI.</li>\n <li>13F filings suggest Grab's valuations did not deter institutional investors. Perhaps AGC's $10 NAV offers investors enough of a safety net to maintain positions.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ed14131a10fe9b0fe4ffdc2d166eedfc\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>bankkgraphy/iStock via Getty Images</span></p>\n<p><b>Introduction</b></p>\n<p>It's about time to update our investment thesis since we last established it 5 months ago. Many new insights have surfaced, some good, some bad. If you're new to this company, it is highly recommended to read our thesis published&nbsp;here&nbsp;and&nbsp;here. In this article, we're going to examine the following topics:</p>\n<ol>\n <li>Latest merger updates and officially numbers</li>\n <li>Latest business segments performance in 2021Q2</li>\n <li>Prospects vs. Rising Competition</li>\n <li>Value</li>\n</ol>\n<p><b>1. Merger Updates and Official Numbers</b></p>\n<p>Grab's merger with Altimeter Growth Corp (AGC) is expected to be completed by the end of&nbsp;2021. We're finally given an update after months of waiting. According to&nbsp;Nikkei Asia, it is implied that Grab's merger was expected to be completed by 2021Q2 but was delayed due to auditing U.S. Securities and Exchange Commission's (SEC) tightened scrutiny of SPACs. If you're doubtful about Grab's interest to go public, remember that the 2 main pieces of evidence are the contracted agreement with Uber (NYSE:UBER) to go&nbsp;public before 2023&nbsp;and to meet the&nbsp;ambitions of 2 million daily bookings.</p>\n<p>During this process, we finally have Grab's official numbers. Grab&nbsp;clarified&nbsp;several&nbsp;issues&nbsp;with the auditors and the SEC. Perhaps investors would be most concerned about its revised FY20 revenue to $0.469bn from $1.2bn (61% reduction). The revision saw several operating expenses being labeled as contra revenue items instead.</p>\n<p>The bad news is, this 61% in reduction has a huge impact on our thesis. Since Grab is not profitable, we had to observe the growth of its sales. Before the official numbers are released, we pulled information from sources and estimated that Grab's sales in FY2020 would be around&nbsp;$1.87bn to $3.91bn. It's a far cry from our estimation. We'll discuss more of this in the valuation section.</p>\n<p>The good news is, this delay turned out to be a blessing in disguise. AGC's $10 net asset value (NAV) saved investors (including us) from a worse drawdown (below $10) since the market crash in Feb. However, the days of this safety net are numbered as Grab's merger is around the corner.</p>\n<p>Other factors should also be considered, such as AGC shareholders' approval of the merger.</p>\n<p><b>2. Latest business segments performances in 2021Q2</b></p>\n<p>Grab is Southeast Asia's (SEA) super-app that dabbles in many business segments, including ride-hailing, food delivery, shipping, digital banking, insurance, and investments. Even though Grab dabbles in diverse business segments, Grab has established itself as a convincing market leader in several segments. Figure 1 illustrates that.</p>\n<p>Detailed 2021Q1 quarterly performance can be found directly from Grab's websitehere. Here's a summary of Grab's performance in each segment.</p>\n<ul>\n <li>Ride-hailing: Although activity level (measured in Gross Merchandise Value or GMV) is only at 68% of 2020Q1 due to ongoing travel restrictions in SEA, revenue and EBITDA increased 18% and 42% to $145mill and $115mil, respectively.</li>\n <li>Deliveries: This segment is probably Grab's best performing business segment during the pandemic. This has helped compensate for losses from Grab's ride-hailing business. Food delivery activities (GMV) increased 49% from 2020Q1 to $1.7bil. Adjusted Net Sales increase 96% YoY, and revenue (Adjusted Net Sales minus incentives) turn positive. GMV of GrabMart, Grab's new product in this segment, increased 36x from YoY. However, GrabMart's actual contribution to Food Deliveries' growth is unknown. Shipping is also unknown.</li>\n <li>Financial Service: This segment also showed strong growth. Grab's overall financial service total payment volume increased 18% YoY while Adjusted Net Sales increased 31% YoY. Revenue (Adjusted Net Sales minus incentives) also turn positive. Grab stated that loan disbursals and insurance offerings showed strong growth, but no concrete breakdown was given.</li>\n</ul>\n<p><i>* Adjusted Net Sales = Revenue + consumer incentives and excess driver/merchant incentives</i></p>\n<p><i>Figure 1</i></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/046ee7fac3a94b69b9ed3893d0cf0e4c\" tg-width=\"700\" tg-height=\"219\" width=\"100%\" height=\"auto\"><span>Source: Nasdaq / Tellimer</span></p>\n<p>Figure 2</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/88a9ad260d58e4b001facc68093fa8ea\" tg-width=\"816\" tg-height=\"382\" width=\"100%\" height=\"auto\"><span>Source: Grab</span></p>\n<p><b>3. Prospects and Rising Competition</b></p>\n<p>With such strong growth demonstrated by Grab, investors must ponder the question, \"How sustainable is this growth\"?</p>\n<p>The answer is rather simple: \"How big is the total addressable market?\"</p>\n<p>Since Grab's food delivery segment has become Grab's primary source of revenue and has helped narrow Grab's total losses from $771mil to $652mil (Figure 2), Grab's food delivery segment is a reliable proxy to Grab's overall performance.</p>\n<p>Demi Yu, regional head of deliveries at Grab, gave very encouraging guidance toward's Grab's growth in the food delivery segment. Shesaidthat SEA's food delivery market penetration is only at 11% compared to around 20% in China and the US. This implies that around 89% of the food delivery market remains untapped. This is a 10x potential growth for Grab assuming Grab is able to maintain market share. This is the tricky part.</p>\n<p>Although Grab's overall performance in $ is impressive, one red flag was the decrease in monthly transacting users (MTU). Although the GMV per user increased 30% YoY, Grab's MTU dropped 20% YoY.</p>\n<p>There are 2 takeaways: (1) Grab is losing users to competition, (2) Grab is establishing a network effect where retained users are using the platform more. Since takeaway (2) is good, let's focus more on rising competition's downside risk.</p>\n<p>A new strong contender has entered the arena, AirAsia. No one will blame you take AirAsia as an airline business. However, AirAsia is now repositioning itself as a&nbsp;data-driven technology company. AirAsia chief executive officer Tan Sri Tony Fernandes&nbsp;said&nbsp;that:</p>\n<blockquote>\n People are too focused on our airline business, but AirAsia is now a multi-business company and a very valuable data-driven technology company with a strong brand\n</blockquote>\n<p>This is very true, as&nbsp;evident&nbsp;from AirAsia's latest string of acquisitions. The company recently acquired a Malaysian online food delivery platform DeliverEat and Gojek’s operation in Thailand for $50mil to strengthen the company's logistics chain and e-commerce presence. Not to mention, These business segments will form a very synergistic relationship with AirAsia's airline and hotel business operations.</p>\n<p>Therefore, the key takeaway for Grab's \"prospect vs. competition\" debate is that competition is not a major concern at this stage as market penetration is still low, and there is still a lot of headroom to grow for players in this space.</p>\n<p><b>4. Valuation</b></p>\n<p>Here is where our thesis changed the most. The material changes in our thesis are derived from Grab's accounting changes. The accounting changes come from Net Adjusted Sales vs. Revenue where</p>\n<p><i>Adjusted Net Sales = Revenue + consumer incentives and excess driver/merchant incentives</i></p>\n<p>The easier way to understand adjusted net sales is Tesla's (TSLA) revenue from the carbon tax credit. It is still contributing to Tesla's revenue, but it is not from Tesla's operation and is not guaranteed to recur.</p>\n<p>Our past valuations were unknowingly based on Net Adjusted Sales, making it more comparable to the likes of Uber. However, this changes if incentives are not considered. By removing incentives from Grab's adjusted net sales, Grab's valuation will deter investors, especially when Uber or DiDi (DIDI) currently present investors with much better valuation after a recent decline in share price.</p>\n<p>Grab's current annualized revenue for FY21 is $864mil (= $216mil x 4). Given AGC's share price of $10.64, Grab is currently valued at a 49 Price-to-Sales(NASDAQ:PS)ratio. For comparison sake, Uber and DiDi's PS ratios are 6.22 and 1.77. Moreover, DiDi managed to reach profitability in 2021Q1 for the first time despite China's crackdown on Chinese tech companies.</p>\n<p>DiDi's share price decline has also&nbsp;negatively impacted&nbsp;Uber as Uber is DiDi's second-largest shareholder (12% ownership) behind Softbank(OTCPK:SFTBY). Similarly, Grab's decline in share price will also negatively impact Uber, as Uber owns about&nbsp;27.5%&nbsp;of Grab.</p>\n<p>Investors might sneer at Grab due to its high valuations. However, some analysts are rather bullish towards Grab.Telimer&nbsp;gave AGC a target of $16.50, which puts Grab at $66bil or a PS Ratio of 76.4. Moreover,institutions&nbsp;are accumulating in 2021Q2 when SPACs (including AGC) were hit hard by inflation fears.</p>\n<p>However, at this time (before the merger), since AGC offers a floor of $10 while AGC is currently trading near the floor of $10, this provides investors a safety to capitalize on Grab's growth with minimal downside.</p>\n<p><b>5. Conclusions</b></p>\n<p>We had established our bullish thesis 5 months ago due to its impressive reported growth in sales. However, Grab's recent audited numbers reported a rather less impressive top line when incentives are not considered. Grab's valuation based on the revised figures in accordance with IFRS offers investors little investment value proposition.</p>\n<p>Rising competition is putting Grab's continuous strong growth momentum at risk. This is evident from Grab's decrease in monthly transacting users. Although market penetration is only at 11% and with plenty of headroom to grow, one might wonder whether this potential has already been priced in based on Grab's current valuations in accordance with IFRS.</p>\n<p>As the old saying goes, \"never overpay for growth.\" Nevertheless, despite Grab's high valuation, 13F filings suggest institutional investors are undeterred from investing in Grab via AGC.</p>\n<p>We'll be maintaining our positions on Grab, simply due to its safety net offered by AGC's $10 floor.</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>An IFRS-Updated Complete And Comprehensive Fundamental Analysis Of Grab And AGC</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\">\nAn IFRS-Updated Complete And Comprehensive Fundamental Analysis Of Grab And AGC\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-06 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4453663-an-ifrs-updated-complete-and-comprehensive-fundamental-analysis-of-grab-and-agc><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAs Grab-AGC merger draws near, new insights derived from auditors and SEC's increased scrutiny of SPACs drastically changed our bullish thesis established 5 months ago.\nGrab's top line and ...</p>\n\n<a href=\"https://seekingalpha.com/article/4453663-an-ifrs-updated-complete-and-comprehensive-fundamental-analysis-of-grab-and-agc\">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/4453663-an-ifrs-updated-complete-and-comprehensive-fundamental-analysis-of-grab-and-agc","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192663802","content_text":"Summary\n\nAs Grab-AGC merger draws near, new insights derived from auditors and SEC's increased scrutiny of SPACs drastically changed our bullish thesis established 5 months ago.\nGrab's top line and bottom line improved in 2021Q1 as a result of increased GMV per user. However, decline in monthly users suggests that growth momentum at risk due to competitions.\nAlthough competitions are rising, Grab stated at the regions' market penetration stands at only 11%, offering Grab and competitions plenty of headroom to grow.\nMaterial changes of our thesis sterns from Grab's valuations based on the revised figures in accordance to IFRS. This offers investors little investment value proposition compared to UBER and DIDI.\n13F filings suggest Grab's valuations did not deter institutional investors. Perhaps AGC's $10 NAV offers investors enough of a safety net to maintain positions.\n\nbankkgraphy/iStock via Getty Images\nIntroduction\nIt's about time to update our investment thesis since we last established it 5 months ago. Many new insights have surfaced, some good, some bad. If you're new to this company, it is highly recommended to read our thesis published here and here. In this article, we're going to examine the following topics:\n\nLatest merger updates and officially numbers\nLatest business segments performance in 2021Q2\nProspects vs. Rising Competition\nValue\n\n1. Merger Updates and Official Numbers\nGrab's merger with Altimeter Growth Corp (AGC) is expected to be completed by the end of 2021. We're finally given an update after months of waiting. According to Nikkei Asia, it is implied that Grab's merger was expected to be completed by 2021Q2 but was delayed due to auditing U.S. Securities and Exchange Commission's (SEC) tightened scrutiny of SPACs. If you're doubtful about Grab's interest to go public, remember that the 2 main pieces of evidence are the contracted agreement with Uber (NYSE:UBER) to go public before 2023 and to meet the ambitions of 2 million daily bookings.\nDuring this process, we finally have Grab's official numbers. Grab clarified several issues with the auditors and the SEC. Perhaps investors would be most concerned about its revised FY20 revenue to $0.469bn from $1.2bn (61% reduction). The revision saw several operating expenses being labeled as contra revenue items instead.\nThe bad news is, this 61% in reduction has a huge impact on our thesis. Since Grab is not profitable, we had to observe the growth of its sales. Before the official numbers are released, we pulled information from sources and estimated that Grab's sales in FY2020 would be around $1.87bn to $3.91bn. It's a far cry from our estimation. We'll discuss more of this in the valuation section.\nThe good news is, this delay turned out to be a blessing in disguise. AGC's $10 net asset value (NAV) saved investors (including us) from a worse drawdown (below $10) since the market crash in Feb. However, the days of this safety net are numbered as Grab's merger is around the corner.\nOther factors should also be considered, such as AGC shareholders' approval of the merger.\n2. Latest business segments performances in 2021Q2\nGrab is Southeast Asia's (SEA) super-app that dabbles in many business segments, including ride-hailing, food delivery, shipping, digital banking, insurance, and investments. Even though Grab dabbles in diverse business segments, Grab has established itself as a convincing market leader in several segments. Figure 1 illustrates that.\nDetailed 2021Q1 quarterly performance can be found directly from Grab's websitehere. Here's a summary of Grab's performance in each segment.\n\nRide-hailing: Although activity level (measured in Gross Merchandise Value or GMV) is only at 68% of 2020Q1 due to ongoing travel restrictions in SEA, revenue and EBITDA increased 18% and 42% to $145mill and $115mil, respectively.\nDeliveries: This segment is probably Grab's best performing business segment during the pandemic. This has helped compensate for losses from Grab's ride-hailing business. Food delivery activities (GMV) increased 49% from 2020Q1 to $1.7bil. Adjusted Net Sales increase 96% YoY, and revenue (Adjusted Net Sales minus incentives) turn positive. GMV of GrabMart, Grab's new product in this segment, increased 36x from YoY. However, GrabMart's actual contribution to Food Deliveries' growth is unknown. Shipping is also unknown.\nFinancial Service: This segment also showed strong growth. Grab's overall financial service total payment volume increased 18% YoY while Adjusted Net Sales increased 31% YoY. Revenue (Adjusted Net Sales minus incentives) also turn positive. Grab stated that loan disbursals and insurance offerings showed strong growth, but no concrete breakdown was given.\n\n* Adjusted Net Sales = Revenue + consumer incentives and excess driver/merchant incentives\nFigure 1\nSource: Nasdaq / Tellimer\nFigure 2\nSource: Grab\n3. Prospects and Rising Competition\nWith such strong growth demonstrated by Grab, investors must ponder the question, \"How sustainable is this growth\"?\nThe answer is rather simple: \"How big is the total addressable market?\"\nSince Grab's food delivery segment has become Grab's primary source of revenue and has helped narrow Grab's total losses from $771mil to $652mil (Figure 2), Grab's food delivery segment is a reliable proxy to Grab's overall performance.\nDemi Yu, regional head of deliveries at Grab, gave very encouraging guidance toward's Grab's growth in the food delivery segment. Shesaidthat SEA's food delivery market penetration is only at 11% compared to around 20% in China and the US. This implies that around 89% of the food delivery market remains untapped. This is a 10x potential growth for Grab assuming Grab is able to maintain market share. This is the tricky part.\nAlthough Grab's overall performance in $ is impressive, one red flag was the decrease in monthly transacting users (MTU). Although the GMV per user increased 30% YoY, Grab's MTU dropped 20% YoY.\nThere are 2 takeaways: (1) Grab is losing users to competition, (2) Grab is establishing a network effect where retained users are using the platform more. Since takeaway (2) is good, let's focus more on rising competition's downside risk.\nA new strong contender has entered the arena, AirAsia. No one will blame you take AirAsia as an airline business. However, AirAsia is now repositioning itself as a data-driven technology company. AirAsia chief executive officer Tan Sri Tony Fernandes said that:\n\n People are too focused on our airline business, but AirAsia is now a multi-business company and a very valuable data-driven technology company with a strong brand\n\nThis is very true, as evident from AirAsia's latest string of acquisitions. The company recently acquired a Malaysian online food delivery platform DeliverEat and Gojek’s operation in Thailand for $50mil to strengthen the company's logistics chain and e-commerce presence. Not to mention, These business segments will form a very synergistic relationship with AirAsia's airline and hotel business operations.\nTherefore, the key takeaway for Grab's \"prospect vs. competition\" debate is that competition is not a major concern at this stage as market penetration is still low, and there is still a lot of headroom to grow for players in this space.\n4. Valuation\nHere is where our thesis changed the most. The material changes in our thesis are derived from Grab's accounting changes. The accounting changes come from Net Adjusted Sales vs. Revenue where\nAdjusted Net Sales = Revenue + consumer incentives and excess driver/merchant incentives\nThe easier way to understand adjusted net sales is Tesla's (TSLA) revenue from the carbon tax credit. It is still contributing to Tesla's revenue, but it is not from Tesla's operation and is not guaranteed to recur.\nOur past valuations were unknowingly based on Net Adjusted Sales, making it more comparable to the likes of Uber. However, this changes if incentives are not considered. By removing incentives from Grab's adjusted net sales, Grab's valuation will deter investors, especially when Uber or DiDi (DIDI) currently present investors with much better valuation after a recent decline in share price.\nGrab's current annualized revenue for FY21 is $864mil (= $216mil x 4). Given AGC's share price of $10.64, Grab is currently valued at a 49 Price-to-Sales(NASDAQ:PS)ratio. For comparison sake, Uber and DiDi's PS ratios are 6.22 and 1.77. Moreover, DiDi managed to reach profitability in 2021Q1 for the first time despite China's crackdown on Chinese tech companies.\nDiDi's share price decline has also negatively impacted Uber as Uber is DiDi's second-largest shareholder (12% ownership) behind Softbank(OTCPK:SFTBY). Similarly, Grab's decline in share price will also negatively impact Uber, as Uber owns about 27.5% of Grab.\nInvestors might sneer at Grab due to its high valuations. However, some analysts are rather bullish towards Grab.Telimer gave AGC a target of $16.50, which puts Grab at $66bil or a PS Ratio of 76.4. Moreover,institutions are accumulating in 2021Q2 when SPACs (including AGC) were hit hard by inflation fears.\nHowever, at this time (before the merger), since AGC offers a floor of $10 while AGC is currently trading near the floor of $10, this provides investors a safety to capitalize on Grab's growth with minimal downside.\n5. Conclusions\nWe had established our bullish thesis 5 months ago due to its impressive reported growth in sales. However, Grab's recent audited numbers reported a rather less impressive top line when incentives are not considered. Grab's valuation based on the revised figures in accordance with IFRS offers investors little investment value proposition.\nRising competition is putting Grab's continuous strong growth momentum at risk. This is evident from Grab's decrease in monthly transacting users. Although market penetration is only at 11% and with plenty of headroom to grow, one might wonder whether this potential has already been priced in based on Grab's current valuations in accordance with IFRS.\nAs the old saying goes, \"never overpay for growth.\" Nevertheless, despite Grab's high valuation, 13F filings suggest institutional investors are undeterred from investing in Grab via AGC.\nWe'll be maintaining our positions on Grab, simply due to its safety net offered by AGC's $10 floor.","news_type":1},"isVote":1,"tweetType":1,"viewCount":326,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839448450,"gmtCreate":1629177112870,"gmtModify":1676529954907,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839448450","repostId":"2159222279","repostType":4,"isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803936763,"gmtCreate":1627400107152,"gmtModify":1703489294663,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/803936763","repostId":"1174172916","repostType":4,"repost":{"id":"1174172916","pubTimestamp":1627388917,"share":"https://www.laohu8.com/m/news/1174172916?lang=&edition=full","pubTime":"2021-07-27 20:28","market":"us","language":"en","title":"Could a New CEO Lead to a Stock Split at Amazon?","url":"https://stock-news.laohu8.com/highlight/detail?id=1174172916","media":"Barrons","summary":"Could a new CEO deliver a long-awaited stock split at Amazon.com?\nAmazon.com (ticker: AMZN), whose s","content":"<p>Could a new CEO deliver a long-awaited stock split at Amazon.com?</p>\n<p>Amazon.com (ticker: AMZN), whose shares finished Monday at $3,699.82, up 1.2%, hasn’t split its stock since 1999 and now has the second- highest priced stock in the S&amp;P 500 index, behind only home builder NVR (NVR) at $5,040.</p>\n<p>Amazon veteran Andy Jassy took over as CEO in early July from founder Jeff Bezos, who remains chairman. Bezos is the largest shareholder, with effective control of the e-commerce and cloud computing giant.</p>\n<p>Another high-profile split candidate is Google parent&nbsp;Alphabet,whose shares as measured by its nonvoting stock (GOOG) are up 58% this year to $2,792.89. Alphabet reports second-quarter results Tuesday.</p>\n<p>Bezos presumably wasn’t interested in splitting the shares or else it would have happened. The company reports its second-quarter results on Thursday.</p>\n<p>Mark Mahaney, an Evercore ISI analyst, doesn’t think an Amazon or Alphabet split will happen soon, telling<i>Barron’s</i>in an email that he hasn’t heard either company discuss the idea.</p>\n<p>Mahaney is more focused on a potential dividend at Alphabet, which doesn’t pay one, and stock buybacks at Amazon, which is the only one of the big five tech companies that hasn’t repurchase shares in recent years. The other four are&nbsp;Apple(AAPL),Microsoft(MSFT), Alphabet, and&nbsp;Facebook(FB). He thinks both an Alphabet dividend and a large Amazon buyback are good bets over the next two to three years. Amazon’s net cash position, now over $40 billion, is expected to swell in the coming years.</p>\n<p>Many retail investors would like to see an Amazon split of at least 10 for one to make the stock more affordable. A lot of individual investors don’t have the nearly $3,700 for a single Amazon share or won’t buy Amazon because it would be too large a portion of their portfolios at its current price.Charles Schwab(SCHW) offers fractional shares of Amazon and other stocks in the S&amp;P 500 through a product called Stock Slices but not all brokerage firms have a similar product.</p>\n<p>A split also can be a favorable indicator by management, a view espoused by Gary Black, a former CEO of Janus and Aegon Asset Management U.S. who has a Twitter following of more than 81,000, helped by his takes on Tesla (TSLA). Black’s view is that a split can be a bullish tell by corporate brass.</p>\n<p>Alphabet hasn’t split its shares since 2014, when it distributed nonvoting stock (GOOG) as a dividend to both holders of its voting stock (GOOGL) and supervoting stock, which is largely in the hands of founders Larry Page and Sergey Brin. The distribution amounted to a stock split.</p>\n<p>A stock split by either Amazon or Alphabet could pave the way for inclusion in the Dow Jones Industrial Average. The Dow has an old-fashioned price weighting, meaning that high-price issues dominate.UnitedHealth Group(UNH), which has the highest price among the 30 Dow components at $413.72, has the index’s largest weighting at nearly 8% according to S&amp;P Dow Jones Indices.</p>\n<p>Amazon and Alphabet would overwhelm the other Dow components based on their current prices. It likely would take at least a 10-for-one split by either company to make them Dow eligible.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Could a New CEO Lead to a Stock Split at Amazon?</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\">\nCould a New CEO Lead to a Stock Split at Amazon?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 20:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amazon-stock-split-51627343782?mod=hp_LEADSUPP_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Could a new CEO deliver a long-awaited stock split at Amazon.com?\nAmazon.com (ticker: AMZN), whose shares finished Monday at $3,699.82, up 1.2%, hasn’t split its stock since 1999 and now has the ...</p>\n\n<a href=\"https://www.barrons.com/articles/amazon-stock-split-51627343782?mod=hp_LEADSUPP_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.barrons.com/articles/amazon-stock-split-51627343782?mod=hp_LEADSUPP_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174172916","content_text":"Could a new CEO deliver a long-awaited stock split at Amazon.com?\nAmazon.com (ticker: AMZN), whose shares finished Monday at $3,699.82, up 1.2%, hasn’t split its stock since 1999 and now has the second- highest priced stock in the S&P 500 index, behind only home builder NVR (NVR) at $5,040.\nAmazon veteran Andy Jassy took over as CEO in early July from founder Jeff Bezos, who remains chairman. Bezos is the largest shareholder, with effective control of the e-commerce and cloud computing giant.\nAnother high-profile split candidate is Google parent Alphabet,whose shares as measured by its nonvoting stock (GOOG) are up 58% this year to $2,792.89. Alphabet reports second-quarter results Tuesday.\nBezos presumably wasn’t interested in splitting the shares or else it would have happened. The company reports its second-quarter results on Thursday.\nMark Mahaney, an Evercore ISI analyst, doesn’t think an Amazon or Alphabet split will happen soon, tellingBarron’sin an email that he hasn’t heard either company discuss the idea.\nMahaney is more focused on a potential dividend at Alphabet, which doesn’t pay one, and stock buybacks at Amazon, which is the only one of the big five tech companies that hasn’t repurchase shares in recent years. The other four are Apple(AAPL),Microsoft(MSFT), Alphabet, and Facebook(FB). He thinks both an Alphabet dividend and a large Amazon buyback are good bets over the next two to three years. Amazon’s net cash position, now over $40 billion, is expected to swell in the coming years.\nMany retail investors would like to see an Amazon split of at least 10 for one to make the stock more affordable. A lot of individual investors don’t have the nearly $3,700 for a single Amazon share or won’t buy Amazon because it would be too large a portion of their portfolios at its current price.Charles Schwab(SCHW) offers fractional shares of Amazon and other stocks in the S&P 500 through a product called Stock Slices but not all brokerage firms have a similar product.\nA split also can be a favorable indicator by management, a view espoused by Gary Black, a former CEO of Janus and Aegon Asset Management U.S. who has a Twitter following of more than 81,000, helped by his takes on Tesla (TSLA). Black’s view is that a split can be a bullish tell by corporate brass.\nAlphabet hasn’t split its shares since 2014, when it distributed nonvoting stock (GOOG) as a dividend to both holders of its voting stock (GOOGL) and supervoting stock, which is largely in the hands of founders Larry Page and Sergey Brin. The distribution amounted to a stock split.\nA stock split by either Amazon or Alphabet could pave the way for inclusion in the Dow Jones Industrial Average. The Dow has an old-fashioned price weighting, meaning that high-price issues dominate.UnitedHealth Group(UNH), which has the highest price among the 30 Dow components at $413.72, has the index’s largest weighting at nearly 8% according to S&P Dow Jones Indices.\nAmazon and Alphabet would overwhelm the other Dow components based on their current prices. It likely would take at least a 10-for-one split by either company to make them Dow eligible.","news_type":1},"isVote":1,"tweetType":1,"viewCount":76,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151853586,"gmtCreate":1625073088645,"gmtModify":1703735622622,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XLP\">$Consumer Staples Select Sector SPDR Fund(XLP)$</a>Go up laaaa！","listText":"<a href=\"https://laohu8.com/S/XLP\">$Consumer Staples Select Sector SPDR Fund(XLP)$</a>Go up laaaa！","text":"$Consumer Staples Select Sector SPDR Fund(XLP)$Go up laaaa！","images":[{"img":"https://static.tigerbbs.com/28c9d09986af07b4f9197c5cc577c0d6","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/151853586","isVote":1,"tweetType":1,"viewCount":32,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":129270863,"gmtCreate":1624375508052,"gmtModify":1703834944405,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PYPL\">$PayPal(PYPL)$</a>[Miser]&nbsp;[Miser]&nbsp;","listText":"<a href=\"https://laohu8.com/S/PYPL\">$PayPal(PYPL)$</a>[Miser]&nbsp;[Miser]&nbsp;","text":"$PayPal(PYPL)$[Miser] [Miser]","images":[{"img":"https://static.tigerbbs.com/790736921d19cebd9ae3522a2f47b5b6","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129270863","isVote":1,"tweetType":1,"viewCount":149,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":163911491,"gmtCreate":1623856330513,"gmtModify":1703821638831,"author":{"id":"3583137009388827","authorId":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/163911491","repostId":"1127823989","repostType":2,"isVote":1,"tweetType":1,"viewCount":26,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}