Jinwen08 personal page - To The Moon

Jinwen08

Jinwen08

No personal profile

11Follow

1Followers

0Topic

0Badge

2021-05-18

$SEA LTD(SE)$Let’s see what will happen today

2021-05-18

Michael burry bet is in Billion or Million?

Tesla shares turn red to green

2021-05-25

This is depressing, but we all know this is a speculative asset, hope the bubble keep on bubbling!

10 Reasons the Cryptocurrency Bubble Is Bursting

2021-05-24

I have faith in SEA!

Sea Limited Is Ready To Fire On All Cylinders

2021-05-22

When is digital yuan coming?

Crypto stocks tumbled again on China's crackdown on bitcoin mining and trading

2021-05-20

Not too sure on this

Oatly spikes 25% on its first day of trading

2021-05-20

Honestly, selling Bitcoin to pump up its profit…

Has The Moment Of Truth Arrived For Tesla's Stock?

2021-05-20

Exciting times

Toplines Before US Market Open on Thursday

2021-05-17

$AMD(AMD)$Up up up

2021-06-18

Wow, one news release

2021-06-03

Has potential?

2021-06-01

What do you guys think about this?

2021-06-01

$XPeng Inc.(XPEV)$Went in today let’s see how it goes

2021-05-27

How’s this stock?

2021-05-27

$Virgin Galactic(SPCE)$Literal rocket ship

2021-05-26

How about Corning?

2021-05-26

$Virgin Galactic(SPCE)$How will it do today?

2021-05-25

$SEA LTD(SE)$Excited for market opening!

2021-05-20

$SEA LTD(SE)$Gogogogo! ?

Go to Tiger App to see more news

{"i18n":{"language":"en_US"},"userPageInfo":{"id":"3583478172459659","uuid":"3583478172459659","gmtCreate":1620384148195,"gmtModify":1706620741418,"name":"Jinwen08","pinyin":"jinwen08","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":1,"headSize":11,"tweetSize":19,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":2,"name":"无畏虎","nameTw":"無畏虎","represent":"初生牛犊","factor":"发布3条非转发主帖,1条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.02.03","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss Tiger","description":"The transaction amount of the securities account reaches $100,000","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"60.99%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.84%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":1,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":166841250,"gmtCreate":1624003881270,"gmtModify":1703826288220,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"Wow, one news release&nbsp;","listText":"Wow, one news release&nbsp;","text":"Wow, one news release","images":[{"img":"https://static.tigerbbs.com/c421242ff9b4ec591f0197cb47359c0c","width":"1125","height":"3055"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166841250","isVote":1,"tweetType":1,"viewCount":184,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":118009118,"gmtCreate":1622705122834,"gmtModify":1704189282118,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"Has potential?&nbsp;","listText":"Has potential?&nbsp;","text":"Has potential?","images":[{"img":"https://static.tigerbbs.com/50497eea16bd22d473326de4bd2b4063","width":"1125","height":"3291"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/118009118","isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":119206505,"gmtCreate":1622546780707,"gmtModify":1704186032113,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"What do you guys think about this?&nbsp;","listText":"What do you guys think about this?&nbsp;","text":"What do you guys think about this?","images":[{"img":"https://static.tigerbbs.com/ecae71f45bb7962cd2bacc5409445ad3","width":"1125","height":"3055"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/119206505","isVote":1,"tweetType":1,"viewCount":268,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":119622672,"gmtCreate":1622543869596,"gmtModify":1704185975746,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>Went in today let’s see how it goes&nbsp;","listText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>Went in today let’s see how it goes&nbsp;","text":"$XPeng Inc.(XPEV)$Went in today let’s see how it goes","images":[{"img":"https://static.tigerbbs.com/69800547743b9802cee797cc9640cfee","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/119622672","isVote":1,"tweetType":1,"viewCount":252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":135934307,"gmtCreate":1622125539809,"gmtModify":1704179967475,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"How’s this stock?","listText":"How’s this stock?","text":"How’s this stock?","images":[{"img":"https://static.tigerbbs.com/51b34a1a471959f9910bfcc07113c7bb","width":"1125","height":"3121"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135934307","isVote":1,"tweetType":1,"viewCount":242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":135935651,"gmtCreate":1622125512773,"gmtModify":1704179966175,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SPCE\">$Virgin Galactic(SPCE)$</a>Literal rocket ship","listText":"<a href=\"https://laohu8.com/S/SPCE\">$Virgin Galactic(SPCE)$</a>Literal rocket ship","text":"$Virgin Galactic(SPCE)$Literal rocket ship","images":[{"img":"https://static.tigerbbs.com/fa1283ff186039a04454a8ef36358f5a","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135935651","isVote":1,"tweetType":1,"viewCount":324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":136494226,"gmtCreate":1622034342165,"gmtModify":1704178198960,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"How about Corning?&nbsp;","listText":"How about Corning?&nbsp;","text":"How about Corning?","images":[{"img":"https://static.tigerbbs.com/820defe633a8e2611d3d3250e3c63f50","width":"1125","height":"3055"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/136494226","isVote":1,"tweetType":1,"viewCount":347,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":136571564,"gmtCreate":1622032657858,"gmtModify":1704178164967,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SPCE\">$Virgin Galactic(SPCE)$</a>How will it do today?","listText":"<a href=\"https://laohu8.com/S/SPCE\">$Virgin Galactic(SPCE)$</a>How will it do today?","text":"$Virgin Galactic(SPCE)$How will it do today?","images":[{"img":"https://static.tigerbbs.com/dd2462b92cb7b6e2af7df5425e461d3f","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/136571564","isVote":1,"tweetType":1,"viewCount":208,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":138678273,"gmtCreate":1621938637492,"gmtModify":1704364768691,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Excited for market opening!&nbsp;","listText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Excited for market opening!&nbsp;","text":"$SEA LTD(SE)$Excited for market opening!","images":[{"img":"https://static.tigerbbs.com/3e56e3319a795ea63187593380afd61b","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138678273","isVote":1,"tweetType":1,"viewCount":516,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":138133332,"gmtCreate":1621916210026,"gmtModify":1704364388738,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"This is depressing, but we all know this is a speculative asset, hope the bubble keep on bubbling!&nbsp;","listText":"This is depressing, but we all know this is a speculative asset, hope the bubble keep on bubbling!&nbsp;","text":"This is depressing, but we all know this is a speculative asset, hope the bubble keep on bubbling!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138133332","repostId":"2137132568","repostType":4,"repost":{"id":"2137132568","kind":"highlight","pubTimestamp":1621915020,"share":"https://ttm.financial/m/news/2137132568?lang=&edition=fundamental","pubTime":"2021-05-25 11:57","market":"us","language":"en","title":"10 Reasons the Cryptocurrency Bubble Is Bursting","url":"https://stock-news.laohu8.com/highlight/detail?id=2137132568","media":"Motley Fool","summary":"This might be more than just a \"healthy pullback.\"","content":"<blockquote><b>This might be more than just a \"healthy pullback.\"</b></blockquote><p>For more than 100 years, the stock market has been <a href=\"https://laohu8.com/S/AONE\">one</a> of the greatest wealth creators in this country. Stocks might have taken a back seat to housing, oil, gold, or other assets for brief periods of time over the past century, but they've delivered the highest consistent returns of any investment vehicle.</p><p>That is until cryptocurrencies came along a little over a decade ago.</p><p>The emergence of <b>Bitcoin</b> (CRYPTO:BTC), <b>Ethereum</b> (CRYPTO:ETH), <b>Dogecoin</b> (CRYPTO:DOGE), and a host of other digital currencies have paved the way for once-in-a-lifetime gains. For instance, a $155 investment in Bitcoin at $1 would have been worth over $1 million when it hit $64,800 a token in mid-April.</p><p>But over the past two weeks, cryptocurrencies have fallen off a cliff. Some would call this a natural pullback after a monstrous run higher. I have a different name for it: a popping bubble.</p><p>While there is no shortage of enthusiasts who believe digital currencies are the greatest thing since sliced bread, I believe the crypto market is imploding for 10 very good reasons.</p><p><img src=\"https://static.tigerbbs.com/08bd510be5ae746f0867c5de1184417a\" tg-width=\"700\" tg-height=\"464\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>1. There's very minimal real-world utility</p><p>One of the biggest drawbacks of digital currency is that it's virtually useless outside a cryptocurrency exchange. Although we've seen a small number of high-profile companies or organizations accept Bitcoin or Dogecoin, the reality is that the total number of businesses accepting either is microscopic. Approximately 1,300 businesses globally have chosen to accept Dogecoin after eight years, while Fundera found that 15,174 businesses accept Bitcoin, as of December 2020. For some context here, there are an estimated 582 million entrepreneurs worldwide.</p><p>2. Valuations, relative to transaction data, made no sense</p><p>Even though valuation is somewhat subjective, <a href=\"https://laohu8.com/S/AONE.U\">one</a> glance at transaction data for the three most popular cryptocurrencies, relative to payment processing juggernauts such as <b><a href=\"https://laohu8.com/S/V\">Visa</a></b> (NYSE:V) and <b>Mastercard</b> (NYSE:MA), would leave anyone's jaw on the floor.</p><p>The latest Nilson report found that 1.01 billion credit transactions were processed daily in 2018, 700 million of which were handled by Visa and Mastercard. By comparison, Bitcoin, Ethereum, and Dogecoin are processing in the neighborhood of 300,000, 1.4 million, and 50,000 respective transactions on their blockchains each day. All the major cryptos combined can't hold a candle to the processing potential of Visa or Mastercard, yet the Big Three of crypto have a higher combined market value than Visa and Mastercard. That makes no sense.</p><p><img src=\"https://static.tigerbbs.com/ce89a01a16c15dafb27017a6a42cedc3\" tg-width=\"700\" tg-height=\"496\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>3. Businesses have been slow to adopt blockchain</p><p>On paper, blockchain sounds great. On the financial side of the equation, it's a way to expedite the validation and settlement of payments. Rather than waiting up to a week for cross-border payments to settle, they could be resolved in mere seconds or minutes. Blockchain also has nonfinancial applications. Ethereum's smart contract-driven blockchain might be the key to one day unlocking supply chain bottlenecks.</p><p>However, what sounds great on paper doesn't always translate into real-world success. Blockchain continues to suffer from a Catch-22. Businesses won't adopt it till the technology is proven on a broad scale, but no businesses will abandon their existing (and proven) infrastructure to effectively be the guinea pig. Until blockchain matures, big business will keep its distance.</p><p>4. There's virtually no barrier to entry</p><p>Aside from minimal utility, my biggest personal gripe with crypto is there's no barrier to entry. Anyone with the time to code can develop a blockchain and, potentially, a tethered token. According to CoinMarketCap, there are almost 10,000 different cryptocurrencies in its system. While many aren't trading much, if at all, that's an insane number of potential competitors to Bitcoin, Dogecoin, and Ethereum, with the likelihood of many more to come.</p><p>In short, the crypto space is constantly being diluted by an unlimited amount of competition.</p><p><img src=\"https://static.tigerbbs.com/614d7f34734e33d740f7f9c02ed3f8fd\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>5. Centralization remains a problem</p><p>One of the many goals of cryptocurrencies is decentralization. This is to ensure that no one person or small group of people controls a network. Yet according to data from BitInfoCharts.com, ownership in Bitcoin and Dogecoin is fairly centralized. Just 2,155 addresses own almost 42% of all Bitcoin, while 66.6% of all outstanding Dogecoin is owned by only 99 addresses. It's possible folks are waking up to the fact that these financial experiments aren't as decentralized as they were intended to be.</p><p>6. Elon Musk is tugging at heartstrings</p><p>Another reason the crypto bubble is bursting is that it's been artificially driven by tweets from <b>Tesla</b>&nbsp;CEO Elon Musk.</p><p>At first, Musk was all aboard the Bitcoin train. He purchased $1.5 billion Bitcoin for Tesla's balance sheet in February and announced that the company would begin accepting Bitcoin for electric vehicle purchases a month later. Then, after 49 days, he tweeted that Tesla would no longer accept Bitcoin because of the adverse environmental impacts of mining it. He's since turned his attention to Dogecoin.</p><p>The fact that tweets with little or no substance are creating and erasing hundreds of billions of dollars in crypto market value would seem to indicate that a bubble has been brewing for some time.</p><p><img src=\"https://static.tigerbbs.com/4c7f03bc8a60bee0f293f0582f185505\" tg-width=\"700\" tg-height=\"474\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>7. Not all governments are OK with crypto</p><p>The crypto bubble is also popping because some governments aren't OK with allowing cryptocurrencies to undermine their own central bank-backed currencies. Last week, China sent the crypto market into a tailspin after prohibiting banks and online payment channels in the country from offering any services related to the cryptocurrency industry. It should be noted that a lot of Bitcoin mining occurs in China.</p><p>And China's far from alone. Turkey recently enacted a ban on crypto payments. Meanwhile, countries including Bolivia, Ecuador, Nigeria, and Algeria have effectively banned digital currencies. This trend makes the global use case for crypto unlikely.</p><p>8. There are no identifiable real-world correlations</p><p>Yet another issue with crypto is there are no readily identifiable real-world correlations.</p><p>For example, we know that gold and the U.S. dollar have an inverse relationship to one another. When the dollar is declining in value, gold is very likely rising in value. This is a correlation that's been established over a long period of time.</p><p>Bitcoin, Ethereum, and Dogecoin don't have these correlations. Enthusiasts like to point out how crypto is a hedge against inflation, but they forget that Bitcoin has both risen and fallen when the money supply expanded rapidly or slowly. Crypto is driven by emotion and technical analysis, primarily because it has no real-world correlations.</p><p><img src=\"https://static.tigerbbs.com/b04ade705354c4825038c4dfcd0187d9\" tg-width=\"700\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>9. Leverage is haunting the crypto market</p><p>The cryptocurrency implosion can also be blamed on investors who are over-levered. Some of the most popular crypto exchanges will allow customers to use 50 to 125 times leverage on their actual account equity. While this isn't an uncommon amount of leverage in forex, where currencies move in fractions of a cent, it's absolutely ludicrous for crypto, which can move 3% in the blink of an eye.</p><p>According to data from Bybt.com, via Bloomberg, over 887,000 accounts totaling $9.4 billion in aggregate crypto assets were liquidated as a result of leverage-based margin calls on May 19. Because of this insane leverage, it doesn't take much for things to go south quickly for the crypto market.</p><p>10. Investors always overhype new tech</p><p>Finally, investors frequently overestimate the adoption of new technology. Though there is no shortage of people hyped up about blockchain, it's been more than a half-decade and the blockchain buzz hasn't materialized into meaningful enterprise usage. It takes all next-big-thing technology time to mature, and crypto will be no different.</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>10 Reasons the Cryptocurrency Bubble Is Bursting</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\">\n10 Reasons the Cryptocurrency Bubble Is Bursting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-25 11:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>This might be more than just a \"healthy pullback.\"For more than 100 years, the stock market has been one of the greatest wealth creators in this country. Stocks might have taken a back seat to housing...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","V":"Visa","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137132568","content_text":"This might be more than just a \"healthy pullback.\"For more than 100 years, the stock market has been one of the greatest wealth creators in this country. Stocks might have taken a back seat to housing, oil, gold, or other assets for brief periods of time over the past century, but they've delivered the highest consistent returns of any investment vehicle.That is until cryptocurrencies came along a little over a decade ago.The emergence of Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), Dogecoin (CRYPTO:DOGE), and a host of other digital currencies have paved the way for once-in-a-lifetime gains. For instance, a $155 investment in Bitcoin at $1 would have been worth over $1 million when it hit $64,800 a token in mid-April.But over the past two weeks, cryptocurrencies have fallen off a cliff. Some would call this a natural pullback after a monstrous run higher. I have a different name for it: a popping bubble.While there is no shortage of enthusiasts who believe digital currencies are the greatest thing since sliced bread, I believe the crypto market is imploding for 10 very good reasons.Image source: Getty Images.1. There's very minimal real-world utilityOne of the biggest drawbacks of digital currency is that it's virtually useless outside a cryptocurrency exchange. Although we've seen a small number of high-profile companies or organizations accept Bitcoin or Dogecoin, the reality is that the total number of businesses accepting either is microscopic. Approximately 1,300 businesses globally have chosen to accept Dogecoin after eight years, while Fundera found that 15,174 businesses accept Bitcoin, as of December 2020. For some context here, there are an estimated 582 million entrepreneurs worldwide.2. Valuations, relative to transaction data, made no senseEven though valuation is somewhat subjective, one glance at transaction data for the three most popular cryptocurrencies, relative to payment processing juggernauts such as Visa (NYSE:V) and Mastercard (NYSE:MA), would leave anyone's jaw on the floor.The latest Nilson report found that 1.01 billion credit transactions were processed daily in 2018, 700 million of which were handled by Visa and Mastercard. By comparison, Bitcoin, Ethereum, and Dogecoin are processing in the neighborhood of 300,000, 1.4 million, and 50,000 respective transactions on their blockchains each day. All the major cryptos combined can't hold a candle to the processing potential of Visa or Mastercard, yet the Big Three of crypto have a higher combined market value than Visa and Mastercard. That makes no sense.Image source: Getty Images.3. Businesses have been slow to adopt blockchainOn paper, blockchain sounds great. On the financial side of the equation, it's a way to expedite the validation and settlement of payments. Rather than waiting up to a week for cross-border payments to settle, they could be resolved in mere seconds or minutes. Blockchain also has nonfinancial applications. Ethereum's smart contract-driven blockchain might be the key to one day unlocking supply chain bottlenecks.However, what sounds great on paper doesn't always translate into real-world success. Blockchain continues to suffer from a Catch-22. Businesses won't adopt it till the technology is proven on a broad scale, but no businesses will abandon their existing (and proven) infrastructure to effectively be the guinea pig. Until blockchain matures, big business will keep its distance.4. There's virtually no barrier to entryAside from minimal utility, my biggest personal gripe with crypto is there's no barrier to entry. Anyone with the time to code can develop a blockchain and, potentially, a tethered token. According to CoinMarketCap, there are almost 10,000 different cryptocurrencies in its system. While many aren't trading much, if at all, that's an insane number of potential competitors to Bitcoin, Dogecoin, and Ethereum, with the likelihood of many more to come.In short, the crypto space is constantly being diluted by an unlimited amount of competition.Image source: Getty Images.5. Centralization remains a problemOne of the many goals of cryptocurrencies is decentralization. This is to ensure that no one person or small group of people controls a network. Yet according to data from BitInfoCharts.com, ownership in Bitcoin and Dogecoin is fairly centralized. Just 2,155 addresses own almost 42% of all Bitcoin, while 66.6% of all outstanding Dogecoin is owned by only 99 addresses. It's possible folks are waking up to the fact that these financial experiments aren't as decentralized as they were intended to be.6. Elon Musk is tugging at heartstringsAnother reason the crypto bubble is bursting is that it's been artificially driven by tweets from Tesla CEO Elon Musk.At first, Musk was all aboard the Bitcoin train. He purchased $1.5 billion Bitcoin for Tesla's balance sheet in February and announced that the company would begin accepting Bitcoin for electric vehicle purchases a month later. Then, after 49 days, he tweeted that Tesla would no longer accept Bitcoin because of the adverse environmental impacts of mining it. He's since turned his attention to Dogecoin.The fact that tweets with little or no substance are creating and erasing hundreds of billions of dollars in crypto market value would seem to indicate that a bubble has been brewing for some time.Image source: Getty Images.7. Not all governments are OK with cryptoThe crypto bubble is also popping because some governments aren't OK with allowing cryptocurrencies to undermine their own central bank-backed currencies. Last week, China sent the crypto market into a tailspin after prohibiting banks and online payment channels in the country from offering any services related to the cryptocurrency industry. It should be noted that a lot of Bitcoin mining occurs in China.And China's far from alone. Turkey recently enacted a ban on crypto payments. Meanwhile, countries including Bolivia, Ecuador, Nigeria, and Algeria have effectively banned digital currencies. This trend makes the global use case for crypto unlikely.8. There are no identifiable real-world correlationsYet another issue with crypto is there are no readily identifiable real-world correlations.For example, we know that gold and the U.S. dollar have an inverse relationship to one another. When the dollar is declining in value, gold is very likely rising in value. This is a correlation that's been established over a long period of time.Bitcoin, Ethereum, and Dogecoin don't have these correlations. Enthusiasts like to point out how crypto is a hedge against inflation, but they forget that Bitcoin has both risen and fallen when the money supply expanded rapidly or slowly. Crypto is driven by emotion and technical analysis, primarily because it has no real-world correlations.Image source: Getty Images.9. Leverage is haunting the crypto marketThe cryptocurrency implosion can also be blamed on investors who are over-levered. Some of the most popular crypto exchanges will allow customers to use 50 to 125 times leverage on their actual account equity. While this isn't an uncommon amount of leverage in forex, where currencies move in fractions of a cent, it's absolutely ludicrous for crypto, which can move 3% in the blink of an eye.According to data from Bybt.com, via Bloomberg, over 887,000 accounts totaling $9.4 billion in aggregate crypto assets were liquidated as a result of leverage-based margin calls on May 19. Because of this insane leverage, it doesn't take much for things to go south quickly for the crypto market.10. Investors always overhype new techFinally, investors frequently overestimate the adoption of new technology. Though there is no shortage of people hyped up about blockchain, it's been more than a half-decade and the blockchain buzz hasn't materialized into meaningful enterprise usage. It takes all next-big-thing technology time to mature, and crypto will be no different.","news_type":1},"isVote":1,"tweetType":1,"viewCount":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131207898,"gmtCreate":1621860827014,"gmtModify":1704363419545,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"I have faith in SEA!","listText":"I have faith in SEA!","text":"I have faith in SEA!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/131207898","repostId":"1154364832","repostType":2,"repost":{"id":"1154364832","kind":"news","pubTimestamp":1621824866,"share":"https://ttm.financial/m/news/1154364832?lang=&edition=fundamental","pubTime":"2021-05-24 10:54","market":"us","language":"en","title":"Sea Limited Is Ready To Fire On All Cylinders","url":"https://stock-news.laohu8.com/highlight/detail?id=1154364832","media":"seekingalpha","summary":"SummarySea Limited continues to extend its leadership across all its business segments with a blockb","content":"<p>Summary</p><ul><li>Sea Limited continues to extend its leadership across all its business segments with a blockbuster Q1’21 performance.</li><li>Investors need to pay attention to its potential cash flow margins that could far exceed even AMZN and MELI.</li><li>At the current price, investors are getting a bargain even at the bear case of its fair value range with a DCF framework.</li></ul><p><img src=\"https://static.tigerbbs.com/04fbbc1a372c45d5d8e903015e5b0dfe\" tg-width=\"768\" tg-height=\"512\" referrerpolicy=\"no-referrer\">Photo by Wachiwit/iStock Editorial via Getty ImagesInvestment Thesis</p><p>Sea Limited (SE) has fallen about 13% from its all-time high. The company has continued to dominate its markets and looks certain to further extend its leadership position and expand its verticals to take even more market share away from its competitors. Investors should take advantage of the consolidation to initiate or add positions to this potential massive cash flow generator.</p><p><b>Earnings Review and What To Look Out For?</b></p><p>Sea Limited is the largest integrated Internet company in South East Asia, with operations spanning across gaming, e-commerce, and fintech.</p><p>The company’s recent Q1’21 results were another blockbuster across all business segments, demonstrating the company’s strong leadership and well-executed growth strategies towards itsvision:</p><blockquote>We think we stand in the best position to capitalize on the opportunity to build the largest consumer Internet ecosystem in the region. And we'll continue to focus on executing on our core businesses as well as building those ecosystems.</blockquote><p>As a reminder, for its e-commerce segment Shopee, Sea considers its region to comprise the following markets: Indonesia, Taiwan, Vietnam, Thailand, the Philippines, Malaysia, and Singapore, of which Indonesia is the company’s largest market.</p><p>For its gaming segmentGarena, the company’s largest and growing markets comprise Southeast Asia, Taiwan, Brazil, Mexico, India, North America, Russia, and the Middle East.</p><p><img src=\"https://static.tigerbbs.com/932ec3694e935afbfa643e9c904ce964\" tg-width=\"1280\" tg-height=\"636\" referrerpolicy=\"no-referrer\">SE’s Quarterly Results. Data Source: S&amp;P Global Market Intelligence</p><p>Q1’21 YoY revenue growth accelerated to 146.7%. In fact, Q1’21 is the 11th consecutive quarter of &gt;100% YoY revenue growth. The company’s main revenue driverGarena recorded a 111.4% YoY rise, while Shopee and other services recorded a 189.8% YoY increase.</p><p>Gross margin also improved significantly compared to the prior year. Q1’21 gross margin came in at 36.6% as compared to 28.9% a year ago. In its respective segments, Garena’s gross margin also improved to 68.2% from 38.6% a year ago, while Shopee’s gross margin went up to 13.7% from 7.1% a year ago.</p><p><img src=\"https://static.tigerbbs.com/6d9651b44ee4d09b2dcf3d8c49e72213\" tg-width=\"1280\" tg-height=\"629\" referrerpolicy=\"no-referrer\"></p><p>SE’s LTM results. Data Source: S&amp;P Global Market Intelligence</p><p>Looking across the longer-term trend using the LTM basis, we could also see similar fantastic top line performance. LTM YoY revenue growth came in at 113.7%, and gross margin also improved to 33% compared to 30.4% a year ago. Therefore, investors should be encouraged to know that Sea’s top line performance has been consistently getting better and better even as it scaled up fast, improving its cost of revenue ratio, showing just how capable the company is in being able to execute its growth strategies across multiple countries within its region.</p><p>Investors may want to continue paying attention to the company’s sales and marketing spend as it still accounted for the majority of the operating expenses in both the Q and LTM results, respectively. More importantly, sales and marketing spend as a percentage of revenue has continued to fall as the company scaled up, reflecting improving cost efficiencies over time.</p><p><img src=\"https://static.tigerbbs.com/695523a022549fe176d5ac4f89f3c4cb\" tg-width=\"1004\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p><p>SE’s OPEX as a % of Revenue (LTM Trend). Data Source: S&amp;P Global Market Intelligence</p><p>This has certainly helped to improve the company’s overall cost efficiencies over time, showing clearly the benefits of economies of scale of the company’s business model. LTM sales and marketing spend improved to 40.6% of revenue from 43.3% a year ago, while LTM overall operating expenses improved to 59.9% of revenue from 67.4% a year ago.</p><p>This has helped to narrow the company’s LTM negative operating margin to -27% from -37%. Investors should be reminded not to focus on SE’s near-term operating margins as a gauge of the company’s core operating performance. This is because the company is still in the early stages (despite growing so rapidly) of penetrating Southeast Asia’s massive e-commerce market, of which it is the clear leader currently. The company is expected to continue investing heavily in sales and marketing, in order to drive the massive potential for growth in the region and to establish itself as the future undisputed e-commerce leader in the region taking the large majority of the pie, leaving the rest of its competitors to only be able to compete in their much smaller respective niche market segments, just like what Amazon (AMZN) had done in its established markets.</p><p>In fact, Sea’s CEOForrest Li, who was named “Singapore Businessman of the Year at the 35th Singapore Business Awards in Nov 20” added:</p><blockquote>Let me put it this way, it (Shopee) can be profitable anytime. But I think what's really important to us is we think it's still very early days for e-commerce development. We are in a very good situation because Garena has been profitable - actually it's pretty profitable, and this gives us the resources to invest in Shopee, invest in SeaMoney. I think pretty soon, Shopee will turn to be profitable as well. In certain markets, like Taiwan, it's already profitable. And then we will have more resources; two cash flow generators: Garena and Shopee. This allows us to continually invest in future opportunities.</blockquote><p>I have previously discussed (articles listedhereandhere) how important it is for investors to focus on cash flows for companies with massive scalability potential like Coupang (CPNG) and Opendoor Technologies (OPEN) which are still in their early days of penetrating their respective markets.</p><p>It is the same focus for Sea as we attempt to delve deeper into its cash flow generating ability. Sea uses Adjusted EBITDA to report its cash flow performance. I will present the discussion from FCF and EBITDA point of view first as a matter of consistency, before going over to the Adjusted EBITDA metrics.</p><p><img src=\"https://static.tigerbbs.com/ae1db2d81fcf921eaba649f93cbbf9e0\" tg-width=\"1280\" tg-height=\"601\" referrerpolicy=\"no-referrer\"></p><p>SE’s LTM CFO Margin and LTM FCF Margin. Data Source: S&amp;P Global Market Intelligence</p><p>A quick glance over to its cash flow statement unveiled just how well-performing SE has been with its cash flow management. In fact, SE’s CFO and FCF performance has been improving remarkably over time as it scaled up quickly, and the company is just getting started. Its LTM CFO margins have been steadily improving over the previous year from -5.36% to 17.28% for the Q1’21 quarter. In addition, its LTM FCF margins also improved steadily over the previous year from -13.4% to 11.08%.</p><p><img src=\"https://static.tigerbbs.com/2c3f20175798dec1212a5aac70feb8cc\" tg-width=\"1280\" tg-height=\"826\" referrerpolicy=\"no-referrer\"></p><p>SE’s EBITDA Margin &amp; EBIT Margin. Data Source: S&amp;P Global Market Intelligence</p><p>When we move over to its EBITDA margins, the improvement in trend of its core operating performance is also clearly discernible. Although it has yet to turn EBITDA positive, it was due mainly to necessary investments in sales and marketing.</p><p><img src=\"https://static.tigerbbs.com/5b82c3c4bf6f1a5698e05c68eaddbe2e\" tg-width=\"1280\" tg-height=\"819\" referrerpolicy=\"no-referrer\"></p><p><b>SE’s CapEx Margin &amp; CFO Margin. Data Source: S&amp;P Global Market Intelligence</b></p><p>SE has also benefited from the huge improvement in its core operating performance as seen in its CFO margin trend, while its heavy earlier CapEx investments have started to bear fruit as it scaled, as the CapEx margin is trending lower, and its CFO will now be able to sustain its CapEx moving forward.</p><p>It’s very clear that SE’s business has well cleared its inflection point of heavy investments to scale up, and the company is well on its way to generate huge cash flows in the future as it continues to power ahead in its market penetration.</p><p><img src=\"https://static.tigerbbs.com/88fb528aaddb4c6a12d219ac9c2e9f64\" tg-width=\"1280\" tg-height=\"730\" referrerpolicy=\"no-referrer\"></p><p>SE’s EBITDA Margin Forecast &amp; CapEx Margin Forecast. Data Source: S&amp;P Global Market Intelligence</p><p>Moving ahead, we can also see that SE’s forward EBITDA margin trend is expected to significantly expand, while CapEx margin is expected to continue to fall. The company is on track to be a massive cash flow generator, with EBITDA margin expected to be about 43.8% by FY 30. Therefore, investors must be aligned with Sea’s long-term vision of focusing on growing its cash flows as it continues to penetrate the region’s markets. Based on its current growth trajectory, SE’s cash flow generating potential looks massive.</p><p><img src=\"https://static.tigerbbs.com/46dd783ffd94d877ef749555e8869764\" tg-width=\"1280\" tg-height=\"735\" referrerpolicy=\"no-referrer\"></p><p>AMZN’s &amp; SE’s EBITDA Margin Forecast &amp; CapEx Margin Forecast. Data Source: S&amp;P Global Market Intelligence</p><p>When we bring in AMZN’s forecasts, I believe investors can clearly see what I mean. AMZN is already quite profitable based on its EBITDA margin, while SE’s EBITDA margin profitability is probably just getting started and SE is expected to grow its EBITDA margins much faster than AMZN, and this only goes to show the tremendous potential of the markets that SE is operating in. Investors are clearly reminded to give Shopee time to scale up to deliver the kind of cash flow profitability that will drive future returns.</p><p><img src=\"https://static.tigerbbs.com/37f1f59f3a8d0e8ef6e74b521330d9f7\" tg-width=\"1280\" tg-height=\"714\" referrerpolicy=\"no-referrer\">SE’s Adjusted EBITDA. Source: SE 6-K</p><p>As we move on to the segmented Adjusted EBITDA presented by the company, we can then infer what SE CEO Forrest Li meant by “Garena providing the resources for the company to invest in Shopee and SeaMoney.”</p><p>The company is continuing to build on Garena’s success to deliver the resources needed to invest in Shopee and SeaMoney. Investors should consider Shopee and SeaMoney as an entity because they have tremendous synergies and are each other’s flywheel. Garena offers clear cash flow visibility for Shopee and SeaMoney to grow.</p><p>Garena’s bookings reached $1.1B in Q1’21, which represents a 117.4% YoY increase. The bookings consist of current revenue and change in deferred revenue, the part which provides visibility into future revenue recognition.</p><p>As can be seen, based on Adjusted EBITDA, which also included change in deferred revenue, SE has turned profitable. Unlike many other e-commerce companies or internet companies, SE already has a cash flow profitable Garena segment to provide the resources to drive its e-commerce and fintech segment growth. This combination is extremely powerful and, coupled with the company’s remarkable execution, has already brought FCF profitability to its operations, and soon EBITDA profitable. This will certainly allow SE to push even harder to drive more sustainable investments into more verticals and products to expand its ecosystem and further reduce the share of the pie available and pull itself further away from its closest competitors.</p><p>Therefore, investors must continue to pay attention to the key growth drivers in Garena, and how the company intends to stretch its leadership further to protect its key cash flow generator until Shopee and SeaMoney become self-sustainable.</p><p><img src=\"https://static.tigerbbs.com/3291643e2334f5cf171810ba13d16ca2\" tg-width=\"1100\" tg-height=\"604\" referrerpolicy=\"no-referrer\"></p><p>Shopee’s Adjusted EBITDA per order. Source:Techinasia</p><p>As Shopee continues to drive its fast expansion across the region, its unit economics have continued to improve remarkably, as it achieved operating efficiencies over time, leading to further reductions in Adjusted EBITDA loss per order. For Q1’21, the Adjusted EBITDA loss per order improved to $0.38, which represents a 38% YoY decline. As the company has guided earlier, it would not be long before Shopee achieves self-sustaining EBITDA profitability.</p><p><b>What’s Next for Garena?</b></p><p>At the Pocket Gamer Awards 2021, Garena received the Best Mobile Publisher Award, and Free Fire was also named the Best Battle Royale Game.</p><p>Yet, according to the company, Garena’s most popular self-developedFree Fireis</p><blockquote>still at an early stage of driving growth on the user base as well as pay user base for this game and developing it into a social platform where people not only come to play the core gameplay, but also enjoy other modes hangout, listen to music, social lives.”</blockquote><p>The company’s focus on Free Fire is notable as it is Garena’s most important revenue driver. Therefore the ability to scale Free Fire beyond just a game but into a social platform would bring Free Fire into its next phase of growth while continuing to grow its active user base and paying users. Sea also emphasized that the company continues to see “stickiness” in its active user metrics as the average active user spends about 2 to 3 hours daily on its platform. Not only has Garena grown its quarterly paying users 123.5% YoY, its quarterly paying users also represented 12.3% of quarterly active users (QAU) for Q1’21 as compared to 8.9% a year ago. Therefore driving the stickiness of the platform and encouraging more time spent among its active users would help to drive its paying user ratio up.</p><p>Sea believes that one of the key factors that could help to drive Garena towards its vision of a social platform is dramatically increasing its modes of engagement with its users. This is not just restricted to online activities, but also offline community engagement programs. The whole intent is to develop a “broad-based platform stickiness” beyond its top active users, by building and growing the platform into a much larger community and provide the users ample opportunities to socialize and engage through its ongoing content development, and its promotion of community engagement.</p><p>A key aspect of its community engagement strategies is focused on eSports. Sea believes that it operates the “largest mobile-game professional league in Southeast Asia, Taiwan and Brazil” and Free Fire was also named the “eSports Mobile Game of the Year at the eSports Awards 2020”. (Source: SE 20-F). The company continues to hold very large-scale eSports tournaments and events to strengthen its community engagement strategies such as Free Fire League Latinoamerica 2021, and its flagship Garena World event in April. On the 28th May, theFree Fire World Series 2021 Singapore(FFWS 2021 SG), which is Free Fire’s most prestigious eSports tournament, will take place in Singapore with a massive prize pool of US2M. Sea is showing no signs of ever letting the company’s most important revenue driver and most profitable segment to slip through its grip. Instead, it continues to build on its success as the leading eSports organizer in its markets.</p><p>Garena is also looking way beyond the success of Free Fire and is constantly developing its games portfolio pipeline through constant R&amp;D and product development with its “significant number of our more than 1,000 in-house game developers globally are constantly working on new ideas, while we continue to engage with third-party game studios for collaboration on promising and complementary game development and publishing opportunities.” (Source: SE Q1’21 earnings transcript)</p><p><b>Expanding Shopee’s Global Footprint and Verticals</b></p><p>Sea is actively expanding its presence in LatAm’s largest e-commerce market:Brazil, taking on MercadoLibre (MELI) in its most important market and with eyes on the whole LatAm. Although Sea is a relatively new player in e-commerce, having set up Shopee only in2015, the company is no stranger to taking on big incumbents. Shopee has already unseated the incumbent Alibaba-backed (BABA)Lazadaas the number one e-commerce platform in Southeast Asia. In addition, in its most important market, Indonesia, the company has also unseated incumbent Tokopedia as the leader, and Shopee was also recently reported to be themost visited e-commerce websiteamong Indonesian consumers in 2020.</p><p>Sea further highlighted that the company continued to rank first in MAU and total time spent on apps in the shopping category across its markets in Southeast Asia, and in Indonesia it also recorded its fastest quarterly YoY growth rates on record. (Source: SE Q1’21 earnings transcript)</p><p>Therefore, Sea is an extremely well-managed company, capable of pulling off challenging growth strategies against other large incumbents. Don’t bet against Sea.</p><p>In addition, the company has also ventured into other verticals such as food delivery to expand its ecosystem. Sea sees food delivery as a complementary offering in Shopee. In Vietnam, Sea-owned food delivery service Now which it acquired in 2017 is already themarket leader, having unseated the incumbent Grab. The company also recently launched its food delivery service in Jakarta, Indonesia, with plans to launch into other cities in the future.</p><p><b>The SeaMoney Synergies</b></p><p>Sea’s fintech platform SeaMoney continues to see continued success and growth as mobile wallet services TPV recorded a YoY growth of almost 209% to $3.4B, as ShopeePay continues to ride on the coattails of Shopee’s rapid growth. The company also highlighted that according to Snapcart Indonesia’s survey in March, “ShopeePay was the most used, the most remembered and most liked mobile wallet by Indonesian consumers during the first quarter.” (Source: SE Q1’21 earnings transcript)</p><p>The company is also aggressively expanding its off-platform use cases by establishing “partnerships with major consumer brands in Indonesia, one of which is their partnership with Indomaret, a leading Indonesian convenience store chain, as well as with Wendy’s(NASDAQ:WEN)and Domino’s Pizza(NYSE:DPZ).”</p><p>The company has also continued to improve the utility within ShopeePay adding new features such as “Deals Near Me”, which was said to have driven “significant footfall to its onboarded offline merchants.”</p><p>The strategy of incorporating the higher-margin digital financial services products such as wealth management products is also within the pipeline and is a natural extension of its fintech strategy. Although I believe this may be the most challenging aspect among its growth strategies within SeaMoney as financial services is a highly regulated market and the Southeast Asia region’s regulatory landscape largely differs between countries. Yet, it is still a key area of growth within the company’s overall fintech blueprint.</p><p><b>GoTo: What Should Investors Look Out For In The Tokopedia And Gojek Merger?</b></p><p>Much has been said recently regarding the SoftBank(OTCPK:SFTBY)and Alibaba-backedmergerbetween Tokopedia and Gojek and the risks it may pose to Sea’s leadership.</p><p>What’s important for investors to note is that in my opinion, the move seems born out of a measure of “desperation” to save their own businesses from the growing prowess of Grab (AGC) and SE in Gojek’s case and SE in Tokopedia’s case who have been aggressively taking away their respective market share, eventually culminating in them losing their respective market leadership. Therefore, it’s a marriage of two “losing” incumbents who have failed to stem the charge of their strong and well-managed new market entrants in Sea and Grab. Sea and Grab are themselves no strangers to dislodging market-leading incumbents, with Grab having sentUber Technologies(UBER) packing home from Southeast Asia and BABA-backed Lazada getting overtaken by Sea in the Southeast Asian market.</p><p>Grab’s food delivery business was reported to account for 53% of Indonesia’s food delivery market, while its ride-hailing business was reported to account for 64% of the Indonesian ride-hailing market in2019. Grab sees Indonesia as the crown jewel in its Southeast Asian portfolio, with Grab CEOAnthony Tanreportedly having spent a lot of time in Indonesia to oversee its growth strategies. With Grab projected to turnEBITDA profitable by 2023, I feel Gojek may have already crucially lost the initiative to Grab.</p><p>Tokopedia, which was founded in 2009 had a head start of close to 6 years over Shopee, a huge amount of time in Tech before Shopee commenced operations in 2015. In just a short span of 6 years, not only has Tokopedia lost its leadership position to Shopee, ShopeePay has also overtaken all the other e-payment players in Indonesia in a mere two years, as ShopeePay now holds a38% share, well ahead of Grab-backed OVO and Gojek’s GoPay, both holding 19% share each. Remember the Shopee and ShopeePay’s synergies, it’s like a flywheel, each driving increased usage of the other, and leading further to increased GMV and TPV respectively. Shopee also reportedly understands Indonesian consumers’ needs better, especially among the female consumers as compared to Tokopedia according to a report byMomentum Works:</p><blockquote>For Shopee, fashion and beauty are the most popular product categories. On the other hand, Tokopedia is more established in mobile and electronics. This explains why many of the female Indonesians are going to Shopee instead. For mobile and electronics, you probably only buy them once or twice a year. For fashion and beauty, it’s a different story. You can buy it every other month and even if you do not buy, you browse a lot – sending traffic to the platform. Impulse buying is also common for these categories, which is just nice for an ecosystem of shoppers, products as well as influencers.</blockquote><p>With Sea having already turned Adjusted EBITDA profitable in Q1’21, the company is well ready to take on the challenges of this merger between the two incumbents, who may have already crucially lost their opportunities to “turn back time”, even with a merger that is perhaps too little too late.</p><p><b>Valuations</b></p><p><img src=\"https://static.tigerbbs.com/9af1f1703d974dcc9562883dc04d1f13\" tg-width=\"1134\" tg-height=\"518\" referrerpolicy=\"no-referrer\"></p><p>Peers EV / Fwd Rev. Data Source: S&amp;P Global Market Intelligence</p><p>With such huge potential growth coming from Sea’s markets, Sea obviously trades at a premium when compared to its e-commerce peers, if we simply base off their respective expected revenue growth.</p><p><img src=\"https://static.tigerbbs.com/3607c4899ac3e4b1beccce944f68a638\" tg-width=\"1280\" tg-height=\"728\" referrerpolicy=\"no-referrer\"></p><p>Peers’ EBITDA Margin Forecast &amp; CapEx Forecast. Data Source: S&amp;P Global Market Intelligence</p><p>However, when we peek into Sea’s superior future cash flow generating capability using its projected EBITDA margins, we can see that Sea is only just getting started.</p><p>Since the company is expected to produce predictable cash flows moving forward, I find it meaningful to conduct a DCF valuation framework to determine a range of fair values with the results presented below.</p><p>Based on the DCF framework, I find SE undervalued by about 26% at the midpoint of its fair value range, with respect to the stock price of $246.33 as at 21 May 21. Therefore, I find the price level highly attractive.</p><p><img src=\"https://static.tigerbbs.com/0e8d8cce67ca4c035e6314b345d5f05a\" tg-width=\"1280\" tg-height=\"277\" referrerpolicy=\"no-referrer\"></p><p>Range of Fair Values. Data Source: S&amp;P Global Market Intelligence</p><p><img src=\"https://static.tigerbbs.com/84cb6fe959ae96e28a8f3a60146ec35f\" tg-width=\"1154\" tg-height=\"726\" referrerpolicy=\"no-referrer\"></p><p>WACC computation. Data Source: S&amp;P Global Market Intelligence</p><p><img src=\"https://static.tigerbbs.com/8982fb5ac9e8bb059635b287f81fe221\" tg-width=\"1280\" tg-height=\"206\" referrerpolicy=\"no-referrer\"></p><p>Fwd Rev &amp; Fwd EBITDA. Data Source: S&amp;P Global Market Intelligence</p><p><img src=\"https://static.tigerbbs.com/4e1e7da44b94ab543e888920747044ca\" tg-width=\"1172\" tg-height=\"934\" referrerpolicy=\"no-referrer\"></p><p>Unlevered FCF &amp; Enterprise Value. Data Source: S&amp;P Global Market Intelligence</p><p><img src=\"https://static.tigerbbs.com/75f2f24a8f6afecdf6bf0644d9bf8423\" tg-width=\"1014\" tg-height=\"696\" referrerpolicy=\"no-referrer\"></p><p>Equity Value Bridge. Data Source: S&amp;P Global Market Intelligence</p><p><b>Price Action and Technical Analysis</b></p><p><img src=\"https://static.tigerbbs.com/bab4482ce4bebbe89bc6636f5d39f10d\" tg-width=\"1280\" tg-height=\"798\" referrerpolicy=\"no-referrer\">Source: TradingView</p><p>SE has been on a meteoric rise since Mar 20, and as at the date of writing (21 May 21), the stock was down by about 13% from its all-time high in Feb 21. The price level between $275 and $285 looks to be an area of key resistance and bull traps previously set to lure in late buyers.</p><p>Key support is at $200, with the 50-period MA also serving as a key dynamic support area. I may continue to add more positions into this stock if the price level retraces nearer to $200 at the next retracement.</p><p>Otherwise, investors who wish to initiate or add more positions may find the current price attractive.</p><p>Further key support levels are currently at $179 and $155, areas that I would likely add very aggressively if the price was to retrace to those areas.</p><p><b>Conclusion</b></p><p>Sea is a very well-managed and ambitious integrated Internet company that looks to be at the next phase of its rapid growth and profitability. Investors may wish to take advantage of the current consolidation phase to gain entry or add positions to this potentially massive cash flow machine.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Limited Is Ready To Fire On All Cylinders</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Limited Is Ready To Fire On All Cylinders\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-24 10:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4430755-sea-limited-stock-se-ready-to-fire-on-all-cylinders><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummarySea Limited continues to extend its leadership across all its business segments with a blockbuster Q1’21 performance.Investors need to pay attention to its potential cash flow margins that ...</p>\n\n<a href=\"https://seekingalpha.com/article/4430755-sea-limited-stock-se-ready-to-fire-on-all-cylinders\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4430755-sea-limited-stock-se-ready-to-fire-on-all-cylinders","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1154364832","content_text":"SummarySea Limited continues to extend its leadership across all its business segments with a blockbuster Q1’21 performance.Investors need to pay attention to its potential cash flow margins that could far exceed even AMZN and MELI.At the current price, investors are getting a bargain even at the bear case of its fair value range with a DCF framework.Photo by Wachiwit/iStock Editorial via Getty ImagesInvestment ThesisSea Limited (SE) has fallen about 13% from its all-time high. The company has continued to dominate its markets and looks certain to further extend its leadership position and expand its verticals to take even more market share away from its competitors. Investors should take advantage of the consolidation to initiate or add positions to this potential massive cash flow generator.Earnings Review and What To Look Out For?Sea Limited is the largest integrated Internet company in South East Asia, with operations spanning across gaming, e-commerce, and fintech.The company’s recent Q1’21 results were another blockbuster across all business segments, demonstrating the company’s strong leadership and well-executed growth strategies towards itsvision:We think we stand in the best position to capitalize on the opportunity to build the largest consumer Internet ecosystem in the region. And we'll continue to focus on executing on our core businesses as well as building those ecosystems.As a reminder, for its e-commerce segment Shopee, Sea considers its region to comprise the following markets: Indonesia, Taiwan, Vietnam, Thailand, the Philippines, Malaysia, and Singapore, of which Indonesia is the company’s largest market.For its gaming segmentGarena, the company’s largest and growing markets comprise Southeast Asia, Taiwan, Brazil, Mexico, India, North America, Russia, and the Middle East.SE’s Quarterly Results. Data Source: S&P Global Market IntelligenceQ1’21 YoY revenue growth accelerated to 146.7%. In fact, Q1’21 is the 11th consecutive quarter of >100% YoY revenue growth. The company’s main revenue driverGarena recorded a 111.4% YoY rise, while Shopee and other services recorded a 189.8% YoY increase.Gross margin also improved significantly compared to the prior year. Q1’21 gross margin came in at 36.6% as compared to 28.9% a year ago. In its respective segments, Garena’s gross margin also improved to 68.2% from 38.6% a year ago, while Shopee’s gross margin went up to 13.7% from 7.1% a year ago.SE’s LTM results. Data Source: S&P Global Market IntelligenceLooking across the longer-term trend using the LTM basis, we could also see similar fantastic top line performance. LTM YoY revenue growth came in at 113.7%, and gross margin also improved to 33% compared to 30.4% a year ago. Therefore, investors should be encouraged to know that Sea’s top line performance has been consistently getting better and better even as it scaled up fast, improving its cost of revenue ratio, showing just how capable the company is in being able to execute its growth strategies across multiple countries within its region.Investors may want to continue paying attention to the company’s sales and marketing spend as it still accounted for the majority of the operating expenses in both the Q and LTM results, respectively. More importantly, sales and marketing spend as a percentage of revenue has continued to fall as the company scaled up, reflecting improving cost efficiencies over time.SE’s OPEX as a % of Revenue (LTM Trend). Data Source: S&P Global Market IntelligenceThis has certainly helped to improve the company’s overall cost efficiencies over time, showing clearly the benefits of economies of scale of the company’s business model. LTM sales and marketing spend improved to 40.6% of revenue from 43.3% a year ago, while LTM overall operating expenses improved to 59.9% of revenue from 67.4% a year ago.This has helped to narrow the company’s LTM negative operating margin to -27% from -37%. Investors should be reminded not to focus on SE’s near-term operating margins as a gauge of the company’s core operating performance. This is because the company is still in the early stages (despite growing so rapidly) of penetrating Southeast Asia’s massive e-commerce market, of which it is the clear leader currently. The company is expected to continue investing heavily in sales and marketing, in order to drive the massive potential for growth in the region and to establish itself as the future undisputed e-commerce leader in the region taking the large majority of the pie, leaving the rest of its competitors to only be able to compete in their much smaller respective niche market segments, just like what Amazon (AMZN) had done in its established markets.In fact, Sea’s CEOForrest Li, who was named “Singapore Businessman of the Year at the 35th Singapore Business Awards in Nov 20” added:Let me put it this way, it (Shopee) can be profitable anytime. But I think what's really important to us is we think it's still very early days for e-commerce development. We are in a very good situation because Garena has been profitable - actually it's pretty profitable, and this gives us the resources to invest in Shopee, invest in SeaMoney. I think pretty soon, Shopee will turn to be profitable as well. In certain markets, like Taiwan, it's already profitable. And then we will have more resources; two cash flow generators: Garena and Shopee. This allows us to continually invest in future opportunities.I have previously discussed (articles listedhereandhere) how important it is for investors to focus on cash flows for companies with massive scalability potential like Coupang (CPNG) and Opendoor Technologies (OPEN) which are still in their early days of penetrating their respective markets.It is the same focus for Sea as we attempt to delve deeper into its cash flow generating ability. Sea uses Adjusted EBITDA to report its cash flow performance. I will present the discussion from FCF and EBITDA point of view first as a matter of consistency, before going over to the Adjusted EBITDA metrics.SE’s LTM CFO Margin and LTM FCF Margin. Data Source: S&P Global Market IntelligenceA quick glance over to its cash flow statement unveiled just how well-performing SE has been with its cash flow management. In fact, SE’s CFO and FCF performance has been improving remarkably over time as it scaled up quickly, and the company is just getting started. Its LTM CFO margins have been steadily improving over the previous year from -5.36% to 17.28% for the Q1’21 quarter. In addition, its LTM FCF margins also improved steadily over the previous year from -13.4% to 11.08%.SE’s EBITDA Margin & EBIT Margin. Data Source: S&P Global Market IntelligenceWhen we move over to its EBITDA margins, the improvement in trend of its core operating performance is also clearly discernible. Although it has yet to turn EBITDA positive, it was due mainly to necessary investments in sales and marketing.SE’s CapEx Margin & CFO Margin. Data Source: S&P Global Market IntelligenceSE has also benefited from the huge improvement in its core operating performance as seen in its CFO margin trend, while its heavy earlier CapEx investments have started to bear fruit as it scaled, as the CapEx margin is trending lower, and its CFO will now be able to sustain its CapEx moving forward.It’s very clear that SE’s business has well cleared its inflection point of heavy investments to scale up, and the company is well on its way to generate huge cash flows in the future as it continues to power ahead in its market penetration.SE’s EBITDA Margin Forecast & CapEx Margin Forecast. Data Source: S&P Global Market IntelligenceMoving ahead, we can also see that SE’s forward EBITDA margin trend is expected to significantly expand, while CapEx margin is expected to continue to fall. The company is on track to be a massive cash flow generator, with EBITDA margin expected to be about 43.8% by FY 30. Therefore, investors must be aligned with Sea’s long-term vision of focusing on growing its cash flows as it continues to penetrate the region’s markets. Based on its current growth trajectory, SE’s cash flow generating potential looks massive.AMZN’s & SE’s EBITDA Margin Forecast & CapEx Margin Forecast. Data Source: S&P Global Market IntelligenceWhen we bring in AMZN’s forecasts, I believe investors can clearly see what I mean. AMZN is already quite profitable based on its EBITDA margin, while SE’s EBITDA margin profitability is probably just getting started and SE is expected to grow its EBITDA margins much faster than AMZN, and this only goes to show the tremendous potential of the markets that SE is operating in. Investors are clearly reminded to give Shopee time to scale up to deliver the kind of cash flow profitability that will drive future returns.SE’s Adjusted EBITDA. Source: SE 6-KAs we move on to the segmented Adjusted EBITDA presented by the company, we can then infer what SE CEO Forrest Li meant by “Garena providing the resources for the company to invest in Shopee and SeaMoney.”The company is continuing to build on Garena’s success to deliver the resources needed to invest in Shopee and SeaMoney. Investors should consider Shopee and SeaMoney as an entity because they have tremendous synergies and are each other’s flywheel. Garena offers clear cash flow visibility for Shopee and SeaMoney to grow.Garena’s bookings reached $1.1B in Q1’21, which represents a 117.4% YoY increase. The bookings consist of current revenue and change in deferred revenue, the part which provides visibility into future revenue recognition.As can be seen, based on Adjusted EBITDA, which also included change in deferred revenue, SE has turned profitable. Unlike many other e-commerce companies or internet companies, SE already has a cash flow profitable Garena segment to provide the resources to drive its e-commerce and fintech segment growth. This combination is extremely powerful and, coupled with the company’s remarkable execution, has already brought FCF profitability to its operations, and soon EBITDA profitable. This will certainly allow SE to push even harder to drive more sustainable investments into more verticals and products to expand its ecosystem and further reduce the share of the pie available and pull itself further away from its closest competitors.Therefore, investors must continue to pay attention to the key growth drivers in Garena, and how the company intends to stretch its leadership further to protect its key cash flow generator until Shopee and SeaMoney become self-sustainable.Shopee’s Adjusted EBITDA per order. Source:TechinasiaAs Shopee continues to drive its fast expansion across the region, its unit economics have continued to improve remarkably, as it achieved operating efficiencies over time, leading to further reductions in Adjusted EBITDA loss per order. For Q1’21, the Adjusted EBITDA loss per order improved to $0.38, which represents a 38% YoY decline. As the company has guided earlier, it would not be long before Shopee achieves self-sustaining EBITDA profitability.What’s Next for Garena?At the Pocket Gamer Awards 2021, Garena received the Best Mobile Publisher Award, and Free Fire was also named the Best Battle Royale Game.Yet, according to the company, Garena’s most popular self-developedFree Fireisstill at an early stage of driving growth on the user base as well as pay user base for this game and developing it into a social platform where people not only come to play the core gameplay, but also enjoy other modes hangout, listen to music, social lives.”The company’s focus on Free Fire is notable as it is Garena’s most important revenue driver. Therefore the ability to scale Free Fire beyond just a game but into a social platform would bring Free Fire into its next phase of growth while continuing to grow its active user base and paying users. Sea also emphasized that the company continues to see “stickiness” in its active user metrics as the average active user spends about 2 to 3 hours daily on its platform. Not only has Garena grown its quarterly paying users 123.5% YoY, its quarterly paying users also represented 12.3% of quarterly active users (QAU) for Q1’21 as compared to 8.9% a year ago. Therefore driving the stickiness of the platform and encouraging more time spent among its active users would help to drive its paying user ratio up.Sea believes that one of the key factors that could help to drive Garena towards its vision of a social platform is dramatically increasing its modes of engagement with its users. This is not just restricted to online activities, but also offline community engagement programs. The whole intent is to develop a “broad-based platform stickiness” beyond its top active users, by building and growing the platform into a much larger community and provide the users ample opportunities to socialize and engage through its ongoing content development, and its promotion of community engagement.A key aspect of its community engagement strategies is focused on eSports. Sea believes that it operates the “largest mobile-game professional league in Southeast Asia, Taiwan and Brazil” and Free Fire was also named the “eSports Mobile Game of the Year at the eSports Awards 2020”. (Source: SE 20-F). The company continues to hold very large-scale eSports tournaments and events to strengthen its community engagement strategies such as Free Fire League Latinoamerica 2021, and its flagship Garena World event in April. On the 28th May, theFree Fire World Series 2021 Singapore(FFWS 2021 SG), which is Free Fire’s most prestigious eSports tournament, will take place in Singapore with a massive prize pool of US2M. Sea is showing no signs of ever letting the company’s most important revenue driver and most profitable segment to slip through its grip. Instead, it continues to build on its success as the leading eSports organizer in its markets.Garena is also looking way beyond the success of Free Fire and is constantly developing its games portfolio pipeline through constant R&D and product development with its “significant number of our more than 1,000 in-house game developers globally are constantly working on new ideas, while we continue to engage with third-party game studios for collaboration on promising and complementary game development and publishing opportunities.” (Source: SE Q1’21 earnings transcript)Expanding Shopee’s Global Footprint and VerticalsSea is actively expanding its presence in LatAm’s largest e-commerce market:Brazil, taking on MercadoLibre (MELI) in its most important market and with eyes on the whole LatAm. Although Sea is a relatively new player in e-commerce, having set up Shopee only in2015, the company is no stranger to taking on big incumbents. Shopee has already unseated the incumbent Alibaba-backed (BABA)Lazadaas the number one e-commerce platform in Southeast Asia. In addition, in its most important market, Indonesia, the company has also unseated incumbent Tokopedia as the leader, and Shopee was also recently reported to be themost visited e-commerce websiteamong Indonesian consumers in 2020.Sea further highlighted that the company continued to rank first in MAU and total time spent on apps in the shopping category across its markets in Southeast Asia, and in Indonesia it also recorded its fastest quarterly YoY growth rates on record. (Source: SE Q1’21 earnings transcript)Therefore, Sea is an extremely well-managed company, capable of pulling off challenging growth strategies against other large incumbents. Don’t bet against Sea.In addition, the company has also ventured into other verticals such as food delivery to expand its ecosystem. Sea sees food delivery as a complementary offering in Shopee. In Vietnam, Sea-owned food delivery service Now which it acquired in 2017 is already themarket leader, having unseated the incumbent Grab. The company also recently launched its food delivery service in Jakarta, Indonesia, with plans to launch into other cities in the future.The SeaMoney SynergiesSea’s fintech platform SeaMoney continues to see continued success and growth as mobile wallet services TPV recorded a YoY growth of almost 209% to $3.4B, as ShopeePay continues to ride on the coattails of Shopee’s rapid growth. The company also highlighted that according to Snapcart Indonesia’s survey in March, “ShopeePay was the most used, the most remembered and most liked mobile wallet by Indonesian consumers during the first quarter.” (Source: SE Q1’21 earnings transcript)The company is also aggressively expanding its off-platform use cases by establishing “partnerships with major consumer brands in Indonesia, one of which is their partnership with Indomaret, a leading Indonesian convenience store chain, as well as with Wendy’s(NASDAQ:WEN)and Domino’s Pizza(NYSE:DPZ).”The company has also continued to improve the utility within ShopeePay adding new features such as “Deals Near Me”, which was said to have driven “significant footfall to its onboarded offline merchants.”The strategy of incorporating the higher-margin digital financial services products such as wealth management products is also within the pipeline and is a natural extension of its fintech strategy. Although I believe this may be the most challenging aspect among its growth strategies within SeaMoney as financial services is a highly regulated market and the Southeast Asia region’s regulatory landscape largely differs between countries. Yet, it is still a key area of growth within the company’s overall fintech blueprint.GoTo: What Should Investors Look Out For In The Tokopedia And Gojek Merger?Much has been said recently regarding the SoftBank(OTCPK:SFTBY)and Alibaba-backedmergerbetween Tokopedia and Gojek and the risks it may pose to Sea’s leadership.What’s important for investors to note is that in my opinion, the move seems born out of a measure of “desperation” to save their own businesses from the growing prowess of Grab (AGC) and SE in Gojek’s case and SE in Tokopedia’s case who have been aggressively taking away their respective market share, eventually culminating in them losing their respective market leadership. Therefore, it’s a marriage of two “losing” incumbents who have failed to stem the charge of their strong and well-managed new market entrants in Sea and Grab. Sea and Grab are themselves no strangers to dislodging market-leading incumbents, with Grab having sentUber Technologies(UBER) packing home from Southeast Asia and BABA-backed Lazada getting overtaken by Sea in the Southeast Asian market.Grab’s food delivery business was reported to account for 53% of Indonesia’s food delivery market, while its ride-hailing business was reported to account for 64% of the Indonesian ride-hailing market in2019. Grab sees Indonesia as the crown jewel in its Southeast Asian portfolio, with Grab CEOAnthony Tanreportedly having spent a lot of time in Indonesia to oversee its growth strategies. With Grab projected to turnEBITDA profitable by 2023, I feel Gojek may have already crucially lost the initiative to Grab.Tokopedia, which was founded in 2009 had a head start of close to 6 years over Shopee, a huge amount of time in Tech before Shopee commenced operations in 2015. In just a short span of 6 years, not only has Tokopedia lost its leadership position to Shopee, ShopeePay has also overtaken all the other e-payment players in Indonesia in a mere two years, as ShopeePay now holds a38% share, well ahead of Grab-backed OVO and Gojek’s GoPay, both holding 19% share each. Remember the Shopee and ShopeePay’s synergies, it’s like a flywheel, each driving increased usage of the other, and leading further to increased GMV and TPV respectively. Shopee also reportedly understands Indonesian consumers’ needs better, especially among the female consumers as compared to Tokopedia according to a report byMomentum Works:For Shopee, fashion and beauty are the most popular product categories. On the other hand, Tokopedia is more established in mobile and electronics. This explains why many of the female Indonesians are going to Shopee instead. For mobile and electronics, you probably only buy them once or twice a year. For fashion and beauty, it’s a different story. You can buy it every other month and even if you do not buy, you browse a lot – sending traffic to the platform. Impulse buying is also common for these categories, which is just nice for an ecosystem of shoppers, products as well as influencers.With Sea having already turned Adjusted EBITDA profitable in Q1’21, the company is well ready to take on the challenges of this merger between the two incumbents, who may have already crucially lost their opportunities to “turn back time”, even with a merger that is perhaps too little too late.ValuationsPeers EV / Fwd Rev. Data Source: S&P Global Market IntelligenceWith such huge potential growth coming from Sea’s markets, Sea obviously trades at a premium when compared to its e-commerce peers, if we simply base off their respective expected revenue growth.Peers’ EBITDA Margin Forecast & CapEx Forecast. Data Source: S&P Global Market IntelligenceHowever, when we peek into Sea’s superior future cash flow generating capability using its projected EBITDA margins, we can see that Sea is only just getting started.Since the company is expected to produce predictable cash flows moving forward, I find it meaningful to conduct a DCF valuation framework to determine a range of fair values with the results presented below.Based on the DCF framework, I find SE undervalued by about 26% at the midpoint of its fair value range, with respect to the stock price of $246.33 as at 21 May 21. Therefore, I find the price level highly attractive.Range of Fair Values. Data Source: S&P Global Market IntelligenceWACC computation. Data Source: S&P Global Market IntelligenceFwd Rev & Fwd EBITDA. Data Source: S&P Global Market IntelligenceUnlevered FCF & Enterprise Value. Data Source: S&P Global Market IntelligenceEquity Value Bridge. Data Source: S&P Global Market IntelligencePrice Action and Technical AnalysisSource: TradingViewSE has been on a meteoric rise since Mar 20, and as at the date of writing (21 May 21), the stock was down by about 13% from its all-time high in Feb 21. The price level between $275 and $285 looks to be an area of key resistance and bull traps previously set to lure in late buyers.Key support is at $200, with the 50-period MA also serving as a key dynamic support area. I may continue to add more positions into this stock if the price level retraces nearer to $200 at the next retracement.Otherwise, investors who wish to initiate or add more positions may find the current price attractive.Further key support levels are currently at $179 and $155, areas that I would likely add very aggressively if the price was to retrace to those areas.ConclusionSea is a very well-managed and ambitious integrated Internet company that looks to be at the next phase of its rapid growth and profitability. Investors may wish to take advantage of the current consolidation phase to gain entry or add positions to this potentially massive cash flow machine.","news_type":1},"isVote":1,"tweetType":1,"viewCount":221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139512451,"gmtCreate":1621644448873,"gmtModify":1704360880732,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"When is digital yuan coming?&nbsp;","listText":"When is digital yuan coming?&nbsp;","text":"When is digital yuan coming?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/139512451","repostId":"1174075999","repostType":4,"repost":{"id":"1174075999","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621607834,"share":"https://ttm.financial/m/news/1174075999?lang=&edition=fundamental","pubTime":"2021-05-21 22:37","market":"us","language":"en","title":"Crypto stocks tumbled again on China's crackdown on bitcoin mining and trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1174075999","media":"Tiger Newspress","summary":"Cryptocurrencies have fallen,Bitcoin fell below $38000 per coin, down 6.65% in the day;while Ethereum fell below $2500 per coin, down more than 14%.In a statement from Chinese Vice Premier Liu He and the State Council, authorities said tighter regulation is needed to protect the financial system.The statement, released late Friday in China time, said it is necessary to \"crack down on Bitcoin mining and trading behavior, and resolutely prevent the transmission of individual risks to the social fi","content":"<p>Crypto stocks tumbled again on China's crackdown on bitcoin mining and trading.</p><p>Cryptocurrencies have fallen,Bitcoin fell below $38000 per coin, down 6.65% in the day;while Ethereum&nbsp;fell below $2500 per coin, down more than 14%.</p><p>In a statement from Chinese Vice Premier Liu He and the State Council, authorities said tighter regulation is needed to protect the financial system.</p><p>The statement, released late Friday in China time, said it is necessary to \"crack down on Bitcoin mining and trading behavior, and resolutely prevent the transmission of individual risks to the social field.\"</p><p><img src=\"https://static.tigerbbs.com/d135c4771b39f0a7bc8af9a06844785e\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/4448bb0f18a487f50bea1c8ba9816936\" tg-width=\"414\" tg-height=\"727\" referrerpolicy=\"no-referrer\"></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>Crypto stocks tumbled again on China's crackdown on bitcoin mining and trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto stocks tumbled again on China's crackdown on bitcoin mining and trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-21 22:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Crypto stocks tumbled again on China's crackdown on bitcoin mining and trading.</p><p>Cryptocurrencies have fallen,Bitcoin fell below $38000 per coin, down 6.65% in the day;while Ethereum&nbsp;fell below $2500 per coin, down more than 14%.</p><p>In a statement from Chinese Vice Premier Liu He and the State Council, authorities said tighter regulation is needed to protect the financial system.</p><p>The statement, released late Friday in China time, said it is necessary to \"crack down on Bitcoin mining and trading behavior, and resolutely prevent the transmission of individual risks to the social field.\"</p><p><img src=\"https://static.tigerbbs.com/d135c4771b39f0a7bc8af9a06844785e\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/4448bb0f18a487f50bea1c8ba9816936\" tg-width=\"414\" tg-height=\"727\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOS":"SOS Limited","XNET":"迅雷","RIOT":"Riot Platforms","BTBT":"Bit Digital, Inc.","MARA":"Marathon Digital Holdings Inc","EBON":"亿邦国际","CAN":"嘉楠科技","SQ":"Block","BTCM":"BIT Mining","COIN":"Coinbase Global, Inc.","NCTY":"第九城市"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174075999","content_text":"Crypto stocks tumbled again on China's crackdown on bitcoin mining and trading.Cryptocurrencies have fallen,Bitcoin fell below $38000 per coin, down 6.65% in the day;while Ethereum fell below $2500 per coin, down more than 14%.In a statement from Chinese Vice Premier Liu He and the State Council, authorities said tighter regulation is needed to protect the financial system.The statement, released late Friday in China time, said it is necessary to \"crack down on Bitcoin mining and trading behavior, and resolutely prevent the transmission of individual risks to the social field.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130113295,"gmtCreate":1621518538217,"gmtModify":1704358953315,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"Not too sure on this","listText":"Not too sure on this","text":"Not too sure on this","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/130113295","repostId":"2136010949","repostType":4,"repost":{"id":"2136010949","kind":"highlight","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621525460,"share":"https://ttm.financial/m/news/2136010949?lang=&edition=fundamental","pubTime":"2021-05-20 23:44","market":"us","language":"en","title":"Oatly spikes 25% on its first day of trading","url":"https://stock-news.laohu8.com/highlight/detail?id=2136010949","media":"Tiger Newspress","summary":"Oatly shares opened at $21.36 each on Thursday, about 25% higher than the company’s IPO price.Oatly ","content":"<p>Oatly shares opened at $21.36&nbsp;each on Thursday, about 25% higher than the company’s IPO price.</p><p><img src=\"https://static.tigerbbs.com/dea20942dd681dbc49dc4d9b993e2bf2\" tg-width=\"1920\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"></p><p>Oatly is preparing for the next generation of diners who bring with them 'a new set of values and expectations'</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d1d5a4af914d52b8e97b3e053101a658\" tg-width=\"1260\" tg-height=\"841\" referrerpolicy=\"no-referrer\"><span>Oatly said in its prospectus that it's focused on health and sustainability, two areas of importance to customers.</span></p><p>After first filing for its IPO confidentially in February , plant-based food company <a href=\"https://laohu8.com/S/OTLY\">Oatly Group AB</a> go public Thursday.</p><p>On Wednesday, Oatly priced its initial public offering at $17 a share , at the high end of its expected range, offering 84.4 million American Depository Shares. Selling stockholders will offer 19.7 million of those shares.</p><p>The pricing valued the company at about $10 billion, and will raise about $1.43 billion. The company will trade on the Nasdaq under the ticker \"OTLY.\"</p><p>Oatly Group changed its name from Havre Global AB on March 1.</p><p>There are nine lead underwriters for the filing: <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>, JPMorgan, Credit Suisse, Barclays, Jeffries, BNP Paribas, BofA Securities, Piper Sandler and RBC Capital Markets.</p><p>Oatly is backed by private-equity group Blackstone Group, as well as celebrity names like Oprah Winfrey and Jay Z who invested $200 million in the company last summer. That investment valued the company at $2 billion at the time, according to The Wall Street Journal .</p><p>Based in Malmö, Sweden, Oatly has been in the oat milk business for 25 years. The company's product lineup now also includes frozen desserts and \"oatgurt,\" an alternative yogurt.</p><p>Toni Petersson has been Oatly's chief executive since 2012, and will join the board once the company is publicly-traded.</p><p>Christian Hanke, a former Nasdaq Stockholm executive, has served as Oatly's chief financial officer since March 2020.</p><p>The company is going public at a time when climate change and sustainability issues are top of mind for many consumers, particularly younger ones.</p><p>\"Generation Z and Millennials will become the dominant global generations in the coming years, bringing to the market a new set of values and expectations,\" the company said in its prospectus.</p><p>\"These combined factors are driving a clear rapid, accelerating growth and influx of new consumers to the plant-based dairy market.\"</p><p>According to the Plant Based Foods Association and Good Foods Institute, plant-based-food sales reached $7 billion in 2020.</p><p>Consumer Insights data quoted in the prospectus says the plant-based milk category will grow 20% to 25% over the next three years.</p><p>Oatly is focused on its role in helping to transform the food industry in order to be better for the environment and meet the health needs of its customers. The company points out that substituting a cup of Oatly for a cup of cow's milk reduces greenhouse gas emissions, land use and energy consumption.</p><p>Tastewise, which provides food and beverage data and intelligence, said in a December 2020 report that \"plant-based everything\" will be <a href=\"https://laohu8.com/S/AONE\">one</a> of the top 10 U.S. trends for this year.</p><p>\"The number <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason consumers turn to plant-based food and beverage? Health,\" the report said.</p><p>\"Plant-based is no longer just an 'alternative' to meat, but rather a significantcategory in itself.\"</p><p>Oatly's key markets are Sweden, Germany and the U.K., though its products were available in 60,000 retail stores and 32,200 coffee shops around the world as of December 31, 2020. Among the places where customers can find Oatly is Starbucks <a href=\"https://laohu8.com/S/SBUX\">$(SBUX)$</a>, where demand was so high there was a shortage soon after the coffee chain introduced beverages made with the item.</p><p>COVID-19 has impacted Oatly's business as lockdowns around the world limited access to restaurants, bars and other dining establishments.</p><p>In 2020, Oatly had revenue of $421.4 million, up from $204.0 million the year before. However, the company reported a loss of $60.4 million \"reflecting our continued investment in production, brand awareness, new markets and product development,\" the prospectus said.</p><p>Oatly is classified as an \"emerging growth company,\" which means it does not have to make the same disclosures required of bigger public companies. A business remains an emerging growth company until it reaches a number of milestones, including annual revenue of more than $1.07 billion.</p><p>Oatly warns that it has reported losses over the last \"several\" years and expects operating and capital expenses to rise \"substantially.\"</p><p>\"Our expansion efforts may take longer or prove more expensive than we anticipate, particularly in light of the COVID-19 pandemic, and we may not succeed in increasing our revenue and margins sufficiently to offset the anticipated higher expenses,\" the company said in its prospectus.</p><p>\"We incur significant expenses in researching and developing our innovative products, building out our production and manufacturing facilities, obtaining and storing ingredients and other products and marketing the products we offer.\"</p><p>Here are five more things to know about Oatly ahead of its public debut:</p><p>Oatly will not pay a dividend for the \"foreseeable future.\" The company plans to use the proceeds from the offering as working capital, for incremental growth, including expansion, and other general purposes.</p><p>Coffee provided a gateway for Oatly in the U.S. Oatly arrived in the U.S. in 2017. The company says it \"focused on targeting coffee's tastemakers, professional baristas at independent coffee shops\" as a way to enter the market.\"</p><p>By December 31, 2020, Oatly was in more than 7,500 retail shops and 10,000 coffee shops in the U.S. Revenue in 2020 totaled $100 million in the U.S.</p><p>Oatly can also be found in 11,000 coffee and tea shops in China, and at more than 6,000 retail and specialty shops across the country, including thousands of Starbucks locations.</p><p>Limited oat supply could have a financial impact. Oatly depends on five suppliers for the oats it uses, purchasing this ingredient through millers in Sweden, Denmark, the U.S. and Belgium.</p><p>\"We have in the past experienced interruptions in the supply of oats from one supplier that resulted in delays in delivery to us,\" the company said, noting that its oat supply is also vulnerable to natural disasters such as drought or floods.</p><p>\"We could experience similar delays in the future from any of these suppliers.\"</p><p>The company also depends on select suppliers for enzymes, including one supplier that provides an enzyme for some of Oatly's products, including Barista Edition oat milk.</p><p>The main components of the company's products are manufactured in four primary facilities as of March 2021, which could also be a problem if something significant happens at any one facility.</p><p>The dairy market is highly competitive. Oatly identifies conventional dairy companies, including Dean Foods Inc. (DFODQ) and Lactalis as competitors, as well as the growing array of plant-based dairy alternative companies that are entering the market, including soy, almond, hemp and cashew milk brands.</p><p>All of these companies are competing for a finite number of retail stores, coffee shops, foodservice clients and consumers.</p><p>\"In order for us to not only maintain our market position, but also to continue to grow and acquire more consumers, some of which may be switching from traditional dairy to plant-based alternatives, we must continue to provide delicious, high-quality products, and consumers must believe in our vision for a food system that is better for people and the planet,\" the company said.</p><p>Oatly's marketing and COVID-19 might be a hurdle to growth. Oatly says that its history of \"provocative and unconventional marketing and advertising campaigns\" has gotten them into hot water, including a 2014 lawsuit filed by the Swedish dairy lobby in which the courts found Oatly was \"disparaging to dairy products.\"</p><p>\"The decision resulted in a ban on our further use of a number of expressions marketing our products in Sweden, under the penalty of liquidated damages of SEK 2 million per expression,\" the prospectus said.</p><p>The company cautions that future marketing could drive other legal action.</p><p>More recently, Oatly's Super Bowl ad made headlines , but mostly for provoking laughter.</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>Oatly spikes 25% on its first day of trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOatly spikes 25% on its first day of trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-20 23:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Oatly shares opened at $21.36&nbsp;each on Thursday, about 25% higher than the company’s IPO price.</p><p><img src=\"https://static.tigerbbs.com/dea20942dd681dbc49dc4d9b993e2bf2\" tg-width=\"1920\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"></p><p>Oatly is preparing for the next generation of diners who bring with them 'a new set of values and expectations'</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d1d5a4af914d52b8e97b3e053101a658\" tg-width=\"1260\" tg-height=\"841\" referrerpolicy=\"no-referrer\"><span>Oatly said in its prospectus that it's focused on health and sustainability, two areas of importance to customers.</span></p><p>After first filing for its IPO confidentially in February , plant-based food company <a href=\"https://laohu8.com/S/OTLY\">Oatly Group AB</a> go public Thursday.</p><p>On Wednesday, Oatly priced its initial public offering at $17 a share , at the high end of its expected range, offering 84.4 million American Depository Shares. Selling stockholders will offer 19.7 million of those shares.</p><p>The pricing valued the company at about $10 billion, and will raise about $1.43 billion. The company will trade on the Nasdaq under the ticker \"OTLY.\"</p><p>Oatly Group changed its name from Havre Global AB on March 1.</p><p>There are nine lead underwriters for the filing: <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>, JPMorgan, Credit Suisse, Barclays, Jeffries, BNP Paribas, BofA Securities, Piper Sandler and RBC Capital Markets.</p><p>Oatly is backed by private-equity group Blackstone Group, as well as celebrity names like Oprah Winfrey and Jay Z who invested $200 million in the company last summer. That investment valued the company at $2 billion at the time, according to The Wall Street Journal .</p><p>Based in Malmö, Sweden, Oatly has been in the oat milk business for 25 years. The company's product lineup now also includes frozen desserts and \"oatgurt,\" an alternative yogurt.</p><p>Toni Petersson has been Oatly's chief executive since 2012, and will join the board once the company is publicly-traded.</p><p>Christian Hanke, a former Nasdaq Stockholm executive, has served as Oatly's chief financial officer since March 2020.</p><p>The company is going public at a time when climate change and sustainability issues are top of mind for many consumers, particularly younger ones.</p><p>\"Generation Z and Millennials will become the dominant global generations in the coming years, bringing to the market a new set of values and expectations,\" the company said in its prospectus.</p><p>\"These combined factors are driving a clear rapid, accelerating growth and influx of new consumers to the plant-based dairy market.\"</p><p>According to the Plant Based Foods Association and Good Foods Institute, plant-based-food sales reached $7 billion in 2020.</p><p>Consumer Insights data quoted in the prospectus says the plant-based milk category will grow 20% to 25% over the next three years.</p><p>Oatly is focused on its role in helping to transform the food industry in order to be better for the environment and meet the health needs of its customers. The company points out that substituting a cup of Oatly for a cup of cow's milk reduces greenhouse gas emissions, land use and energy consumption.</p><p>Tastewise, which provides food and beverage data and intelligence, said in a December 2020 report that \"plant-based everything\" will be <a href=\"https://laohu8.com/S/AONE\">one</a> of the top 10 U.S. trends for this year.</p><p>\"The number <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason consumers turn to plant-based food and beverage? Health,\" the report said.</p><p>\"Plant-based is no longer just an 'alternative' to meat, but rather a significantcategory in itself.\"</p><p>Oatly's key markets are Sweden, Germany and the U.K., though its products were available in 60,000 retail stores and 32,200 coffee shops around the world as of December 31, 2020. Among the places where customers can find Oatly is Starbucks <a href=\"https://laohu8.com/S/SBUX\">$(SBUX)$</a>, where demand was so high there was a shortage soon after the coffee chain introduced beverages made with the item.</p><p>COVID-19 has impacted Oatly's business as lockdowns around the world limited access to restaurants, bars and other dining establishments.</p><p>In 2020, Oatly had revenue of $421.4 million, up from $204.0 million the year before. However, the company reported a loss of $60.4 million \"reflecting our continued investment in production, brand awareness, new markets and product development,\" the prospectus said.</p><p>Oatly is classified as an \"emerging growth company,\" which means it does not have to make the same disclosures required of bigger public companies. A business remains an emerging growth company until it reaches a number of milestones, including annual revenue of more than $1.07 billion.</p><p>Oatly warns that it has reported losses over the last \"several\" years and expects operating and capital expenses to rise \"substantially.\"</p><p>\"Our expansion efforts may take longer or prove more expensive than we anticipate, particularly in light of the COVID-19 pandemic, and we may not succeed in increasing our revenue and margins sufficiently to offset the anticipated higher expenses,\" the company said in its prospectus.</p><p>\"We incur significant expenses in researching and developing our innovative products, building out our production and manufacturing facilities, obtaining and storing ingredients and other products and marketing the products we offer.\"</p><p>Here are five more things to know about Oatly ahead of its public debut:</p><p>Oatly will not pay a dividend for the \"foreseeable future.\" The company plans to use the proceeds from the offering as working capital, for incremental growth, including expansion, and other general purposes.</p><p>Coffee provided a gateway for Oatly in the U.S. Oatly arrived in the U.S. in 2017. The company says it \"focused on targeting coffee's tastemakers, professional baristas at independent coffee shops\" as a way to enter the market.\"</p><p>By December 31, 2020, Oatly was in more than 7,500 retail shops and 10,000 coffee shops in the U.S. Revenue in 2020 totaled $100 million in the U.S.</p><p>Oatly can also be found in 11,000 coffee and tea shops in China, and at more than 6,000 retail and specialty shops across the country, including thousands of Starbucks locations.</p><p>Limited oat supply could have a financial impact. Oatly depends on five suppliers for the oats it uses, purchasing this ingredient through millers in Sweden, Denmark, the U.S. and Belgium.</p><p>\"We have in the past experienced interruptions in the supply of oats from one supplier that resulted in delays in delivery to us,\" the company said, noting that its oat supply is also vulnerable to natural disasters such as drought or floods.</p><p>\"We could experience similar delays in the future from any of these suppliers.\"</p><p>The company also depends on select suppliers for enzymes, including one supplier that provides an enzyme for some of Oatly's products, including Barista Edition oat milk.</p><p>The main components of the company's products are manufactured in four primary facilities as of March 2021, which could also be a problem if something significant happens at any one facility.</p><p>The dairy market is highly competitive. Oatly identifies conventional dairy companies, including Dean Foods Inc. (DFODQ) and Lactalis as competitors, as well as the growing array of plant-based dairy alternative companies that are entering the market, including soy, almond, hemp and cashew milk brands.</p><p>All of these companies are competing for a finite number of retail stores, coffee shops, foodservice clients and consumers.</p><p>\"In order for us to not only maintain our market position, but also to continue to grow and acquire more consumers, some of which may be switching from traditional dairy to plant-based alternatives, we must continue to provide delicious, high-quality products, and consumers must believe in our vision for a food system that is better for people and the planet,\" the company said.</p><p>Oatly's marketing and COVID-19 might be a hurdle to growth. Oatly says that its history of \"provocative and unconventional marketing and advertising campaigns\" has gotten them into hot water, including a 2014 lawsuit filed by the Swedish dairy lobby in which the courts found Oatly was \"disparaging to dairy products.\"</p><p>\"The decision resulted in a ban on our further use of a number of expressions marketing our products in Sweden, under the penalty of liquidated damages of SEK 2 million per expression,\" the prospectus said.</p><p>The company cautions that future marketing could drive other legal action.</p><p>More recently, Oatly's Super Bowl ad made headlines , but mostly for provoking laughter.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OTLY":"Oatly Group AB","SBUX":"星巴克"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2136010949","content_text":"Oatly shares opened at $21.36 each on Thursday, about 25% higher than the company’s IPO price.Oatly is preparing for the next generation of diners who bring with them 'a new set of values and expectations'Oatly said in its prospectus that it's focused on health and sustainability, two areas of importance to customers.After first filing for its IPO confidentially in February , plant-based food company Oatly Group AB go public Thursday.On Wednesday, Oatly priced its initial public offering at $17 a share , at the high end of its expected range, offering 84.4 million American Depository Shares. Selling stockholders will offer 19.7 million of those shares.The pricing valued the company at about $10 billion, and will raise about $1.43 billion. The company will trade on the Nasdaq under the ticker \"OTLY.\"Oatly Group changed its name from Havre Global AB on March 1.There are nine lead underwriters for the filing: Morgan Stanley, JPMorgan, Credit Suisse, Barclays, Jeffries, BNP Paribas, BofA Securities, Piper Sandler and RBC Capital Markets.Oatly is backed by private-equity group Blackstone Group, as well as celebrity names like Oprah Winfrey and Jay Z who invested $200 million in the company last summer. That investment valued the company at $2 billion at the time, according to The Wall Street Journal .Based in Malmö, Sweden, Oatly has been in the oat milk business for 25 years. The company's product lineup now also includes frozen desserts and \"oatgurt,\" an alternative yogurt.Toni Petersson has been Oatly's chief executive since 2012, and will join the board once the company is publicly-traded.Christian Hanke, a former Nasdaq Stockholm executive, has served as Oatly's chief financial officer since March 2020.The company is going public at a time when climate change and sustainability issues are top of mind for many consumers, particularly younger ones.\"Generation Z and Millennials will become the dominant global generations in the coming years, bringing to the market a new set of values and expectations,\" the company said in its prospectus.\"These combined factors are driving a clear rapid, accelerating growth and influx of new consumers to the plant-based dairy market.\"According to the Plant Based Foods Association and Good Foods Institute, plant-based-food sales reached $7 billion in 2020.Consumer Insights data quoted in the prospectus says the plant-based milk category will grow 20% to 25% over the next three years.Oatly is focused on its role in helping to transform the food industry in order to be better for the environment and meet the health needs of its customers. The company points out that substituting a cup of Oatly for a cup of cow's milk reduces greenhouse gas emissions, land use and energy consumption.Tastewise, which provides food and beverage data and intelligence, said in a December 2020 report that \"plant-based everything\" will be one of the top 10 U.S. trends for this year.\"The number one reason consumers turn to plant-based food and beverage? Health,\" the report said.\"Plant-based is no longer just an 'alternative' to meat, but rather a significantcategory in itself.\"Oatly's key markets are Sweden, Germany and the U.K., though its products were available in 60,000 retail stores and 32,200 coffee shops around the world as of December 31, 2020. Among the places where customers can find Oatly is Starbucks $(SBUX)$, where demand was so high there was a shortage soon after the coffee chain introduced beverages made with the item.COVID-19 has impacted Oatly's business as lockdowns around the world limited access to restaurants, bars and other dining establishments.In 2020, Oatly had revenue of $421.4 million, up from $204.0 million the year before. However, the company reported a loss of $60.4 million \"reflecting our continued investment in production, brand awareness, new markets and product development,\" the prospectus said.Oatly is classified as an \"emerging growth company,\" which means it does not have to make the same disclosures required of bigger public companies. A business remains an emerging growth company until it reaches a number of milestones, including annual revenue of more than $1.07 billion.Oatly warns that it has reported losses over the last \"several\" years and expects operating and capital expenses to rise \"substantially.\"\"Our expansion efforts may take longer or prove more expensive than we anticipate, particularly in light of the COVID-19 pandemic, and we may not succeed in increasing our revenue and margins sufficiently to offset the anticipated higher expenses,\" the company said in its prospectus.\"We incur significant expenses in researching and developing our innovative products, building out our production and manufacturing facilities, obtaining and storing ingredients and other products and marketing the products we offer.\"Here are five more things to know about Oatly ahead of its public debut:Oatly will not pay a dividend for the \"foreseeable future.\" The company plans to use the proceeds from the offering as working capital, for incremental growth, including expansion, and other general purposes.Coffee provided a gateway for Oatly in the U.S. Oatly arrived in the U.S. in 2017. The company says it \"focused on targeting coffee's tastemakers, professional baristas at independent coffee shops\" as a way to enter the market.\"By December 31, 2020, Oatly was in more than 7,500 retail shops and 10,000 coffee shops in the U.S. Revenue in 2020 totaled $100 million in the U.S.Oatly can also be found in 11,000 coffee and tea shops in China, and at more than 6,000 retail and specialty shops across the country, including thousands of Starbucks locations.Limited oat supply could have a financial impact. Oatly depends on five suppliers for the oats it uses, purchasing this ingredient through millers in Sweden, Denmark, the U.S. and Belgium.\"We have in the past experienced interruptions in the supply of oats from one supplier that resulted in delays in delivery to us,\" the company said, noting that its oat supply is also vulnerable to natural disasters such as drought or floods.\"We could experience similar delays in the future from any of these suppliers.\"The company also depends on select suppliers for enzymes, including one supplier that provides an enzyme for some of Oatly's products, including Barista Edition oat milk.The main components of the company's products are manufactured in four primary facilities as of March 2021, which could also be a problem if something significant happens at any one facility.The dairy market is highly competitive. Oatly identifies conventional dairy companies, including Dean Foods Inc. (DFODQ) and Lactalis as competitors, as well as the growing array of plant-based dairy alternative companies that are entering the market, including soy, almond, hemp and cashew milk brands.All of these companies are competing for a finite number of retail stores, coffee shops, foodservice clients and consumers.\"In order for us to not only maintain our market position, but also to continue to grow and acquire more consumers, some of which may be switching from traditional dairy to plant-based alternatives, we must continue to provide delicious, high-quality products, and consumers must believe in our vision for a food system that is better for people and the planet,\" the company said.Oatly's marketing and COVID-19 might be a hurdle to growth. Oatly says that its history of \"provocative and unconventional marketing and advertising campaigns\" has gotten them into hot water, including a 2014 lawsuit filed by the Swedish dairy lobby in which the courts found Oatly was \"disparaging to dairy products.\"\"The decision resulted in a ban on our further use of a number of expressions marketing our products in Sweden, under the penalty of liquidated damages of SEK 2 million per expression,\" the prospectus said.The company cautions that future marketing could drive other legal action.More recently, Oatly's Super Bowl ad made headlines , but mostly for provoking laughter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":228,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130134405,"gmtCreate":1621518398607,"gmtModify":1704358947801,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Gogogogo! ?","listText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Gogogogo! ?","text":"$SEA LTD(SE)$Gogogogo! ?","images":[{"img":"https://static.tigerbbs.com/1f32819e9258abb52c073da8a07762df","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/130134405","isVote":1,"tweetType":1,"viewCount":240,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":130376991,"gmtCreate":1621516644613,"gmtModify":1704358902274,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"Honestly, selling Bitcoin to pump up its profit…","listText":"Honestly, selling Bitcoin to pump up its profit…","text":"Honestly, selling Bitcoin to pump up its profit…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/130376991","repostId":"1187748837","repostType":4,"repost":{"id":"1187748837","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1621479312,"share":"https://ttm.financial/m/news/1187748837?lang=&edition=fundamental","pubTime":"2021-05-20 10:55","market":"us","language":"en","title":"Has The Moment Of Truth Arrived For Tesla's Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=1187748837","media":"Benzinga","summary":"When an issue has a ridiculous rally, reaches a ridiculous valuation and retreats, it's impossible to predict if the issue will return to its former glory.This description can be applied to a slew of companies, however, the issue with arguably the biggest cult following is Tesla Inc. and is the PreMarket Prep Stock Of The Day.Besides the masterful influence its CEO, Elon Musk, exhibits through Twitter, there are three important events over the last nine months that have accounted for the fluff o","content":"<p>When an issue has a ridiculous rally, reaches a ridiculous valuation and retreats, it's impossible to predict if the issue will return to its former glory.</p><p>This description can be applied to a slew of companies, however, the issue with arguably the biggest cult&nbsp;following is&nbsp;<b>Tesla Inc.</b>&nbsp;and is the PreMarket Prep Stock Of The Day.</p><p><b>How Did It Get So Overvalued?</b>Besides the masterful influence its CEO, Elon Musk, exhibits through Twitter, there are three important events over the last nine months that have accounted for the fluff on top of an already fluffy issue.</p><p>The first one being, the issue's 5-for-1 stock split announced on Aug.&nbsp;11, 2020, which became effective on Aug. 28. In addition, to rallying from its price prior to the announcement ($274.88) to $442.68 (the closing price before the split), it tacked on another $50&nbsp;on the day following the split.</p><p>Many shorts were convinced the split put in the all-time high and were rewarded when the issue cratered to $329.86 in the next five sessions. However, there was another powerful catalyst waiting in wings.</p><p>On Nov. 30, when the issue was hovering at the $400 area, it was announced&nbsp;the company was going to be added to the S&amp;P 500 as of Dec. 21. In an all-out assault on indexers that would need to purchase&nbsp;shares by that date, frontrunners were out in full force.</p><p>Over the next few weeks, the issue rallied from its Nov. 16 close ($408.09) and wasn't added to the index until the staggering price of $695. No change in the fundamentals of the company, but a 70% rally nonetheless.</p><p>Once again, shorts were again convinced that the top was in and were rewarded in the short-term when Tesla swooned to $614.23 only two days later. However, when it cleared that high in the first trading session of 2021, panic buying boosted the issue to $884.49 just&nbsp;five sessions later.</p><p>The ultimate high wasn't made until Jan.&nbsp;25 at $900.40.</p><p>When adding the price increase in Tesla from only two of those events, the split ($225), the S&amp;P 500 add ($287) for a total of $512. When discounting that from its all-time, many consider the fair value of Tesla to be $388 instead of its current price around $560.</p><p><img src=\"https://static.tigerbbs.com/af5de7cbce5df03f0ec42689a442f148\" tg-width=\"914\" tg-height=\"463\" referrerpolicy=\"no-referrer\"></p><p><b>The Moment Of Truth Has Arrived</b>: Whatever you think of the above math and logic behind it, there is one thing for certain:&nbsp;the issue has retreated 38%&nbsp;from its all-time high and has reached a critical support level.</p><p>This is simple math from a technical standpoint. Ahead of the January ramp, the issue bottomed in December at $541.21. Panic selling in March took the issue to $539.49 and Wednesday’s low stands at $546.98.</p><p>One does not have to be a Chartered Technical Analyst to know that if the trio of lows at the $540 level is breached, it's&nbsp;going to get real ugly and in a hurry. Support is support until it's breached and once that happens it often becomes major resistance.</p><p>Shareholders are hoping that level isn't taken out, but the longer it hangs out in this area, the more concerned they'll be.</p><p><i>Disclosure: The author of this article is long shares of Tesla.</i></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>Has The Moment Of Truth Arrived For Tesla's Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHas The Moment Of Truth Arrived For Tesla's Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-05-20 10:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>When an issue has a ridiculous rally, reaches a ridiculous valuation and retreats, it's impossible to predict if the issue will return to its former glory.</p><p>This description can be applied to a slew of companies, however, the issue with arguably the biggest cult&nbsp;following is&nbsp;<b>Tesla Inc.</b>&nbsp;and is the PreMarket Prep Stock Of The Day.</p><p><b>How Did It Get So Overvalued?</b>Besides the masterful influence its CEO, Elon Musk, exhibits through Twitter, there are three important events over the last nine months that have accounted for the fluff on top of an already fluffy issue.</p><p>The first one being, the issue's 5-for-1 stock split announced on Aug.&nbsp;11, 2020, which became effective on Aug. 28. In addition, to rallying from its price prior to the announcement ($274.88) to $442.68 (the closing price before the split), it tacked on another $50&nbsp;on the day following the split.</p><p>Many shorts were convinced the split put in the all-time high and were rewarded when the issue cratered to $329.86 in the next five sessions. However, there was another powerful catalyst waiting in wings.</p><p>On Nov. 30, when the issue was hovering at the $400 area, it was announced&nbsp;the company was going to be added to the S&amp;P 500 as of Dec. 21. In an all-out assault on indexers that would need to purchase&nbsp;shares by that date, frontrunners were out in full force.</p><p>Over the next few weeks, the issue rallied from its Nov. 16 close ($408.09) and wasn't added to the index until the staggering price of $695. No change in the fundamentals of the company, but a 70% rally nonetheless.</p><p>Once again, shorts were again convinced that the top was in and were rewarded in the short-term when Tesla swooned to $614.23 only two days later. However, when it cleared that high in the first trading session of 2021, panic buying boosted the issue to $884.49 just&nbsp;five sessions later.</p><p>The ultimate high wasn't made until Jan.&nbsp;25 at $900.40.</p><p>When adding the price increase in Tesla from only two of those events, the split ($225), the S&amp;P 500 add ($287) for a total of $512. When discounting that from its all-time, many consider the fair value of Tesla to be $388 instead of its current price around $560.</p><p><img src=\"https://static.tigerbbs.com/af5de7cbce5df03f0ec42689a442f148\" tg-width=\"914\" tg-height=\"463\" referrerpolicy=\"no-referrer\"></p><p><b>The Moment Of Truth Has Arrived</b>: Whatever you think of the above math and logic behind it, there is one thing for certain:&nbsp;the issue has retreated 38%&nbsp;from its all-time high and has reached a critical support level.</p><p>This is simple math from a technical standpoint. Ahead of the January ramp, the issue bottomed in December at $541.21. Panic selling in March took the issue to $539.49 and Wednesday’s low stands at $546.98.</p><p>One does not have to be a Chartered Technical Analyst to know that if the trio of lows at the $540 level is breached, it's&nbsp;going to get real ugly and in a hurry. Support is support until it's breached and once that happens it often becomes major resistance.</p><p>Shareholders are hoping that level isn't taken out, but the longer it hangs out in this area, the more concerned they'll be.</p><p><i>Disclosure: The author of this article is long shares of Tesla.</i></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187748837","content_text":"When an issue has a ridiculous rally, reaches a ridiculous valuation and retreats, it's impossible to predict if the issue will return to its former glory.This description can be applied to a slew of companies, however, the issue with arguably the biggest cult following is Tesla Inc. and is the PreMarket Prep Stock Of The Day.How Did It Get So Overvalued?Besides the masterful influence its CEO, Elon Musk, exhibits through Twitter, there are three important events over the last nine months that have accounted for the fluff on top of an already fluffy issue.The first one being, the issue's 5-for-1 stock split announced on Aug. 11, 2020, which became effective on Aug. 28. In addition, to rallying from its price prior to the announcement ($274.88) to $442.68 (the closing price before the split), it tacked on another $50 on the day following the split.Many shorts were convinced the split put in the all-time high and were rewarded when the issue cratered to $329.86 in the next five sessions. However, there was another powerful catalyst waiting in wings.On Nov. 30, when the issue was hovering at the $400 area, it was announced the company was going to be added to the S&P 500 as of Dec. 21. In an all-out assault on indexers that would need to purchase shares by that date, frontrunners were out in full force.Over the next few weeks, the issue rallied from its Nov. 16 close ($408.09) and wasn't added to the index until the staggering price of $695. No change in the fundamentals of the company, but a 70% rally nonetheless.Once again, shorts were again convinced that the top was in and were rewarded in the short-term when Tesla swooned to $614.23 only two days later. However, when it cleared that high in the first trading session of 2021, panic buying boosted the issue to $884.49 just five sessions later.The ultimate high wasn't made until Jan. 25 at $900.40.When adding the price increase in Tesla from only two of those events, the split ($225), the S&P 500 add ($287) for a total of $512. When discounting that from its all-time, many consider the fair value of Tesla to be $388 instead of its current price around $560.The Moment Of Truth Has Arrived: Whatever you think of the above math and logic behind it, there is one thing for certain: the issue has retreated 38% from its all-time high and has reached a critical support level.This is simple math from a technical standpoint. Ahead of the January ramp, the issue bottomed in December at $541.21. Panic selling in March took the issue to $539.49 and Wednesday’s low stands at $546.98.One does not have to be a Chartered Technical Analyst to know that if the trio of lows at the $540 level is breached, it's going to get real ugly and in a hurry. Support is support until it's breached and once that happens it often becomes major resistance.Shareholders are hoping that level isn't taken out, but the longer it hangs out in this area, the more concerned they'll be.Disclosure: The author of this article is long shares of Tesla.","news_type":1},"isVote":1,"tweetType":1,"viewCount":325,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130378884,"gmtCreate":1621516611848,"gmtModify":1704358902113,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"Exciting times","listText":"Exciting times","text":"Exciting times","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/130378884","repostId":"1194998187","repostType":4,"repost":{"id":"1194998187","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621512956,"share":"https://ttm.financial/m/news/1194998187?lang=&edition=fundamental","pubTime":"2021-05-20 20:15","market":"us","language":"en","title":"Toplines Before US Market Open on Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1194998187","media":"Tiger Newspress","summary":"U.S. Futures Fall as Stocks Mixed\n\n\nCisco drops while Virgin Galactic surged in U.S. premarket tradi","content":"<ul>\n <li>U.S. Futures Fall as Stocks Mixed</li>\n</ul>\n<ul>\n <li>Cisco drops while&nbsp;Virgin Galactic&nbsp;surged&nbsp;in U.S. premarket trading; Bitcoin rises</li>\n</ul>\n<p>U.S. futures fell and stocks were mixed Thursday as investors weighed the prospect of reduced stimulus against signs of economic progress. Treasuries rose and oil slid.</p>\n<p>At 8:05 a.m. ET, Dow e-minis were down 117 points, or 0.35%, S&amp;P 500 e-minis were down 7 points, or 0.17%, and Nasdaq 100 e-minis were up 1 points, or 0.01%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f9a6ac74def9edc98b38d8fec46cd1c\" tg-width=\"1080\" tg-height=\"386\"><span>*Source From Tiger Trade, EST 08:05</span></p>\n<p>Bitcoin regained some lost ground to trade near $40,000, a day after a brutal selloff. Crypto-exchange operator Coinbase Global, miners Riot Blockchain and Marathon Digital Holdings rebounded between 2% and 5% in sympathy with the digital coin.</p>\n<p>Economic data before the opening bell is likely to show the number of Americans filing for unemployment benefits fell to 450,000 in the week ended May 15, down for the third straight time in what could be the latest evidence of U.S. worker shortage.</p>\n<p><b>Stocks making the biggest moves in the premarket:</b></p>\n<p><b>Virgin Galactic&nbsp;</b><b>(SPCE) </b>– Virgin Galactic shares surged 25% in the premarket after the space travel company said&nbsp;the next test flight&nbsp;of its SpaceShipTwo Unity will occur on May 22. Virgin Galactic said a maintenance review on VMS Eve – the mothership which will carry SpaceShipTwo Unity to altitude – had been completed.</p>\n<p><b>Coinbase&nbsp;</b><b>(COIN)</b> – Coinbase is on watch after the cryptocurrency exchange operator’s shares fell for the past six days in a row, now down more than 40% from its initial trade on April 14, the day it went public. Wedbush initiated coverage on the stock with an “outperform” rating, citing strong cryptocurrency adoption. Its shares rose 2% in premarket action.</p>\n<p><b>Cisco Systems&nbsp;</b><b>(CSCO) </b>– Cisco beat estimates by a penny a share, with quarterly earnings of 83 cents per share. The networking equipment maker’s revenue also topped Wall Street forecasts, however Cisco issued weaker-than-expected current-quarter guidance. The company said its profit margins are under pressure from supply chain challenges. Cisco’s shares tumbled 5.6% in premarket trading.</p>\n<p><b>Squarespace&nbsp;</b><b>(SQSP)</b> – Squarespace remains on watch after the website hosting company’s stock fell during its first trading day. Squarespace went public via direct listing, with a reference price of $50 and initial trading at $48, but the value was below where it had been during a private stock sale earlier this year.</p>\n<p><b>Hormel Foods&nbsp;</b><b>(HRL) </b>– Hormel reported quarterly earnings of 42 cents per share, a penny a share above estimates. The food producer's revenue also came in above analysts' projections. The company behind brands like Spam, Dinty Moore and Jennie-O said demand in its various channels remains elevated compared to pre-pandemic levels.</p>\n<p><b>BJ’s Wholesale&nbsp;</b><b>(BJ)</b> – The warehouse retailer reported quarterly earnings of 72 cents per share, 15 cents a share above estimates. Revenue beat estimates as well. The retailer’s comparable-store sales ex-fuel fell by 5%, but that was smaller than the 8.3% drop predicted by analysts who were surveyed by FactSet. BJ’s also said that the rest of 2021 remains difficult to forecast. Its shares sank 4.3% in premarket trading.</p>\n<p><b>Kohl’s&nbsp;</b><b>(KSS)</b> – Kohl’s shares fell 6% in premarket action, despite beats on both the top and bottom lines for its latest quarter. Kohl’s&nbsp;earned $1.05 per share, compared to a 4 cents a share consensus estimate. Revenue topped forecasts and the retailer also raised its outlook.</p>\n<p><b>Petco&nbsp;</b><b>(WOOF) </b>– Petco fell 3.3% in premarket action, after reporting quarterly earnings of 17 cents per share compared to a consensus estimate of 9 cents a share. The pet products retailer’s revenue also beat Wall Street forecasts, and it raised its full-year outlook.</p>\n<p><b>L Brands&nbsp;</b><b>(LB) </b>– L Brands came in 4 cents a share above estimates, with quarterly profit of $1.25 per share. Revenue came in very slightly above consensus. Comparable-store sales at its Victoria’s Secret unit jumped 25%, while Bath &amp; Body Works saw a same-store sales increase of 16%. The company is not providing guidance for the full year, and also said it is targeting the completion of its split into two separate companies for August. The company’s shares fell 1.5% in premarket action.</p>\n<p><b>Synopsys&nbsp;</b><b>(SNPS) </b>– Synopsys shares rose 1.7 % in the premarket after it beat top and bottom line estimates for its latest quarter, with profits nearly doubling from a year ago for the maker of semiconductor testing and design software. The company said demand is strong and that it foresees a new wave of growth ahead.</p>\n<p><b>Shoe Carnival&nbsp;</b><b>(SCVL)</b> – Shoe Carnival shares slid 5.9% in premarket trading after the footwear retailer predicted a drop in current-quarter sales compared to a year ago. The company did not provide an outlook for the second half of the year, citing supply chain issues and other potential uncertainties.</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>Toplines Before US Market Open on Thursday</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\">\nToplines Before US Market Open on Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-20 20:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>U.S. Futures Fall as Stocks Mixed</li>\n</ul>\n<ul>\n <li>Cisco drops while&nbsp;Virgin Galactic&nbsp;surged&nbsp;in U.S. premarket trading; Bitcoin rises</li>\n</ul>\n<p>U.S. futures fell and stocks were mixed Thursday as investors weighed the prospect of reduced stimulus against signs of economic progress. Treasuries rose and oil slid.</p>\n<p>At 8:05 a.m. ET, Dow e-minis were down 117 points, or 0.35%, S&amp;P 500 e-minis were down 7 points, or 0.17%, and Nasdaq 100 e-minis were up 1 points, or 0.01%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f9a6ac74def9edc98b38d8fec46cd1c\" tg-width=\"1080\" tg-height=\"386\"><span>*Source From Tiger Trade, EST 08:05</span></p>\n<p>Bitcoin regained some lost ground to trade near $40,000, a day after a brutal selloff. Crypto-exchange operator Coinbase Global, miners Riot Blockchain and Marathon Digital Holdings rebounded between 2% and 5% in sympathy with the digital coin.</p>\n<p>Economic data before the opening bell is likely to show the number of Americans filing for unemployment benefits fell to 450,000 in the week ended May 15, down for the third straight time in what could be the latest evidence of U.S. worker shortage.</p>\n<p><b>Stocks making the biggest moves in the premarket:</b></p>\n<p><b>Virgin Galactic&nbsp;</b><b>(SPCE) </b>– Virgin Galactic shares surged 25% in the premarket after the space travel company said&nbsp;the next test flight&nbsp;of its SpaceShipTwo Unity will occur on May 22. Virgin Galactic said a maintenance review on VMS Eve – the mothership which will carry SpaceShipTwo Unity to altitude – had been completed.</p>\n<p><b>Coinbase&nbsp;</b><b>(COIN)</b> – Coinbase is on watch after the cryptocurrency exchange operator’s shares fell for the past six days in a row, now down more than 40% from its initial trade on April 14, the day it went public. Wedbush initiated coverage on the stock with an “outperform” rating, citing strong cryptocurrency adoption. Its shares rose 2% in premarket action.</p>\n<p><b>Cisco Systems&nbsp;</b><b>(CSCO) </b>– Cisco beat estimates by a penny a share, with quarterly earnings of 83 cents per share. The networking equipment maker’s revenue also topped Wall Street forecasts, however Cisco issued weaker-than-expected current-quarter guidance. The company said its profit margins are under pressure from supply chain challenges. Cisco’s shares tumbled 5.6% in premarket trading.</p>\n<p><b>Squarespace&nbsp;</b><b>(SQSP)</b> – Squarespace remains on watch after the website hosting company’s stock fell during its first trading day. Squarespace went public via direct listing, with a reference price of $50 and initial trading at $48, but the value was below where it had been during a private stock sale earlier this year.</p>\n<p><b>Hormel Foods&nbsp;</b><b>(HRL) </b>– Hormel reported quarterly earnings of 42 cents per share, a penny a share above estimates. The food producer's revenue also came in above analysts' projections. The company behind brands like Spam, Dinty Moore and Jennie-O said demand in its various channels remains elevated compared to pre-pandemic levels.</p>\n<p><b>BJ’s Wholesale&nbsp;</b><b>(BJ)</b> – The warehouse retailer reported quarterly earnings of 72 cents per share, 15 cents a share above estimates. Revenue beat estimates as well. The retailer’s comparable-store sales ex-fuel fell by 5%, but that was smaller than the 8.3% drop predicted by analysts who were surveyed by FactSet. BJ’s also said that the rest of 2021 remains difficult to forecast. Its shares sank 4.3% in premarket trading.</p>\n<p><b>Kohl’s&nbsp;</b><b>(KSS)</b> – Kohl’s shares fell 6% in premarket action, despite beats on both the top and bottom lines for its latest quarter. Kohl’s&nbsp;earned $1.05 per share, compared to a 4 cents a share consensus estimate. Revenue topped forecasts and the retailer also raised its outlook.</p>\n<p><b>Petco&nbsp;</b><b>(WOOF) </b>– Petco fell 3.3% in premarket action, after reporting quarterly earnings of 17 cents per share compared to a consensus estimate of 9 cents a share. The pet products retailer’s revenue also beat Wall Street forecasts, and it raised its full-year outlook.</p>\n<p><b>L Brands&nbsp;</b><b>(LB) </b>– L Brands came in 4 cents a share above estimates, with quarterly profit of $1.25 per share. Revenue came in very slightly above consensus. Comparable-store sales at its Victoria’s Secret unit jumped 25%, while Bath &amp; Body Works saw a same-store sales increase of 16%. The company is not providing guidance for the full year, and also said it is targeting the completion of its split into two separate companies for August. The company’s shares fell 1.5% in premarket action.</p>\n<p><b>Synopsys&nbsp;</b><b>(SNPS) </b>– Synopsys shares rose 1.7 % in the premarket after it beat top and bottom line estimates for its latest quarter, with profits nearly doubling from a year ago for the maker of semiconductor testing and design software. The company said demand is strong and that it foresees a new wave of growth ahead.</p>\n<p><b>Shoe Carnival&nbsp;</b><b>(SCVL)</b> – Shoe Carnival shares slid 5.9% in premarket trading after the footwear retailer predicted a drop in current-quarter sales compared to a year ago. The company did not provide an outlook for the second half of the year, citing supply chain issues and other potential uncertainties.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉",".DJI":"道琼斯","CSCO":"思科","HRL":"荷美尔",".IXIC":"NASDAQ Composite","BJ":"BJ批发俱乐部","WOOF":"Petco Health and Wellness Company, Inc.","COIN":"Coinbase Global, Inc.","SPCE":"维珍银河",".SPX":"S&P 500 Index","KSS":"柯尔百货","SQSP":"Squarespace Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194998187","content_text":"U.S. Futures Fall as Stocks Mixed\n\n\nCisco drops while Virgin Galactic surged in U.S. premarket trading; Bitcoin rises\n\nU.S. futures fell and stocks were mixed Thursday as investors weighed the prospect of reduced stimulus against signs of economic progress. Treasuries rose and oil slid.\nAt 8:05 a.m. ET, Dow e-minis were down 117 points, or 0.35%, S&P 500 e-minis were down 7 points, or 0.17%, and Nasdaq 100 e-minis were up 1 points, or 0.01%.\n*Source From Tiger Trade, EST 08:05\nBitcoin regained some lost ground to trade near $40,000, a day after a brutal selloff. Crypto-exchange operator Coinbase Global, miners Riot Blockchain and Marathon Digital Holdings rebounded between 2% and 5% in sympathy with the digital coin.\nEconomic data before the opening bell is likely to show the number of Americans filing for unemployment benefits fell to 450,000 in the week ended May 15, down for the third straight time in what could be the latest evidence of U.S. worker shortage.\nStocks making the biggest moves in the premarket:\nVirgin Galactic (SPCE) – Virgin Galactic shares surged 25% in the premarket after the space travel company said the next test flight of its SpaceShipTwo Unity will occur on May 22. Virgin Galactic said a maintenance review on VMS Eve – the mothership which will carry SpaceShipTwo Unity to altitude – had been completed.\nCoinbase (COIN) – Coinbase is on watch after the cryptocurrency exchange operator’s shares fell for the past six days in a row, now down more than 40% from its initial trade on April 14, the day it went public. Wedbush initiated coverage on the stock with an “outperform” rating, citing strong cryptocurrency adoption. Its shares rose 2% in premarket action.\nCisco Systems (CSCO) – Cisco beat estimates by a penny a share, with quarterly earnings of 83 cents per share. The networking equipment maker’s revenue also topped Wall Street forecasts, however Cisco issued weaker-than-expected current-quarter guidance. The company said its profit margins are under pressure from supply chain challenges. Cisco’s shares tumbled 5.6% in premarket trading.\nSquarespace (SQSP) – Squarespace remains on watch after the website hosting company’s stock fell during its first trading day. Squarespace went public via direct listing, with a reference price of $50 and initial trading at $48, but the value was below where it had been during a private stock sale earlier this year.\nHormel Foods (HRL) – Hormel reported quarterly earnings of 42 cents per share, a penny a share above estimates. The food producer's revenue also came in above analysts' projections. The company behind brands like Spam, Dinty Moore and Jennie-O said demand in its various channels remains elevated compared to pre-pandemic levels.\nBJ’s Wholesale (BJ) – The warehouse retailer reported quarterly earnings of 72 cents per share, 15 cents a share above estimates. Revenue beat estimates as well. The retailer’s comparable-store sales ex-fuel fell by 5%, but that was smaller than the 8.3% drop predicted by analysts who were surveyed by FactSet. BJ’s also said that the rest of 2021 remains difficult to forecast. Its shares sank 4.3% in premarket trading.\nKohl’s (KSS) – Kohl’s shares fell 6% in premarket action, despite beats on both the top and bottom lines for its latest quarter. Kohl’s earned $1.05 per share, compared to a 4 cents a share consensus estimate. Revenue topped forecasts and the retailer also raised its outlook.\nPetco (WOOF) – Petco fell 3.3% in premarket action, after reporting quarterly earnings of 17 cents per share compared to a consensus estimate of 9 cents a share. The pet products retailer’s revenue also beat Wall Street forecasts, and it raised its full-year outlook.\nL Brands (LB) – L Brands came in 4 cents a share above estimates, with quarterly profit of $1.25 per share. Revenue came in very slightly above consensus. Comparable-store sales at its Victoria’s Secret unit jumped 25%, while Bath & Body Works saw a same-store sales increase of 16%. The company is not providing guidance for the full year, and also said it is targeting the completion of its split into two separate companies for August. The company’s shares fell 1.5% in premarket action.\nSynopsys (SNPS) – Synopsys shares rose 1.7 % in the premarket after it beat top and bottom line estimates for its latest quarter, with profits nearly doubling from a year ago for the maker of semiconductor testing and design software. The company said demand is strong and that it foresees a new wave of growth ahead.\nShoe Carnival (SCVL) – Shoe Carnival shares slid 5.9% in premarket trading after the footwear retailer predicted a drop in current-quarter sales compared to a year ago. The company did not provide an outlook for the second half of the year, citing supply chain issues and other potential uncertainties.","news_type":1},"isVote":1,"tweetType":1,"viewCount":150,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194123563,"gmtCreate":1621348610652,"gmtModify":1704356245758,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"Michael burry bet is in Billion or Million?&nbsp;","listText":"Michael burry bet is in Billion or Million?&nbsp;","text":"Michael burry bet is in Billion or Million?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194123563","repostId":"1187196904","repostType":2,"repost":{"id":"1187196904","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621347134,"share":"https://ttm.financial/m/news/1187196904?lang=&edition=fundamental","pubTime":"2021-05-18 22:12","market":"us","language":"en","title":"Tesla shares turn red to green","url":"https://stock-news.laohu8.com/highlight/detail?id=1187196904","media":"Tiger Newspress","summary":"Tesla rose in the short term, erasing the day's decline and turning up to $579.62.That followed news","content":"<p>Tesla rose in the short term, erasing the day's decline and turning up to $579.62.That followed news that investor Michael Burry of “The Big Short” fame&nbsp;had made a short bet&nbsp;against the automaker worth $534 billion.</p><p><img src=\"https://static.tigerbbs.com/b03901f770f00976d53de11a23ebd586\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></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>Tesla shares turn red to green</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla shares turn red to green\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-18 22:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tesla rose in the short term, erasing the day's decline and turning up to $579.62.That followed news that investor Michael Burry of “The Big Short” fame&nbsp;had made a short bet&nbsp;against the automaker worth $534 billion.</p><p><img src=\"https://static.tigerbbs.com/b03901f770f00976d53de11a23ebd586\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187196904","content_text":"Tesla rose in the short term, erasing the day's decline and turning up to $579.62.That followed news that investor Michael Burry of “The Big Short” fame had made a short bet against the automaker worth $534 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194008769,"gmtCreate":1621322605451,"gmtModify":1704355760428,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Let’s see what will happen today&nbsp;","listText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Let’s see what will happen today&nbsp;","text":"$SEA LTD(SE)$Let’s see what will happen today","images":[{"img":"https://static.tigerbbs.com/bd66179b614a282d641553b6acc9c7f8","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/194008769","isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":192533521,"gmtCreate":1621215096863,"gmtModify":1704354015038,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>Up up up","listText":"<a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>Up up up","text":"$AMD(AMD)$Up up up","images":[{"img":"https://static.tigerbbs.com/51b6aa531b5dc1851b99a7db7ef3bb6e","width":"1284","height":"2457"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192533521","isVote":1,"tweetType":1,"viewCount":208,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":194008769,"gmtCreate":1621322605451,"gmtModify":1704355760428,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Let’s see what will happen today&nbsp;","listText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Let’s see what will happen today&nbsp;","text":"$SEA LTD(SE)$Let’s see what will happen today","images":[{"img":"https://static.tigerbbs.com/bd66179b614a282d641553b6acc9c7f8","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/194008769","isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":194123563,"gmtCreate":1621348610652,"gmtModify":1704356245758,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"Michael burry bet is in Billion or Million?&nbsp;","listText":"Michael burry bet is in Billion or Million?&nbsp;","text":"Michael burry bet is in Billion or Million?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194123563","repostId":"1187196904","repostType":2,"repost":{"id":"1187196904","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621347134,"share":"https://ttm.financial/m/news/1187196904?lang=&edition=fundamental","pubTime":"2021-05-18 22:12","market":"us","language":"en","title":"Tesla shares turn red to green","url":"https://stock-news.laohu8.com/highlight/detail?id=1187196904","media":"Tiger Newspress","summary":"Tesla rose in the short term, erasing the day's decline and turning up to $579.62.That followed news","content":"<p>Tesla rose in the short term, erasing the day's decline and turning up to $579.62.That followed news that investor Michael Burry of “The Big Short” fame&nbsp;had made a short bet&nbsp;against the automaker worth $534 billion.</p><p><img src=\"https://static.tigerbbs.com/b03901f770f00976d53de11a23ebd586\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></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>Tesla shares turn red to green</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla shares turn red to green\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-18 22:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tesla rose in the short term, erasing the day's decline and turning up to $579.62.That followed news that investor Michael Burry of “The Big Short” fame&nbsp;had made a short bet&nbsp;against the automaker worth $534 billion.</p><p><img src=\"https://static.tigerbbs.com/b03901f770f00976d53de11a23ebd586\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187196904","content_text":"Tesla rose in the short term, erasing the day's decline and turning up to $579.62.That followed news that investor Michael Burry of “The Big Short” fame had made a short bet against the automaker worth $534 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138133332,"gmtCreate":1621916210026,"gmtModify":1704364388738,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"This is depressing, but we all know this is a speculative asset, hope the bubble keep on bubbling!&nbsp;","listText":"This is depressing, but we all know this is a speculative asset, hope the bubble keep on bubbling!&nbsp;","text":"This is depressing, but we all know this is a speculative asset, hope the bubble keep on bubbling!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138133332","repostId":"2137132568","repostType":4,"repost":{"id":"2137132568","kind":"highlight","pubTimestamp":1621915020,"share":"https://ttm.financial/m/news/2137132568?lang=&edition=fundamental","pubTime":"2021-05-25 11:57","market":"us","language":"en","title":"10 Reasons the Cryptocurrency Bubble Is Bursting","url":"https://stock-news.laohu8.com/highlight/detail?id=2137132568","media":"Motley Fool","summary":"This might be more than just a \"healthy pullback.\"","content":"<blockquote><b>This might be more than just a \"healthy pullback.\"</b></blockquote><p>For more than 100 years, the stock market has been <a href=\"https://laohu8.com/S/AONE\">one</a> of the greatest wealth creators in this country. Stocks might have taken a back seat to housing, oil, gold, or other assets for brief periods of time over the past century, but they've delivered the highest consistent returns of any investment vehicle.</p><p>That is until cryptocurrencies came along a little over a decade ago.</p><p>The emergence of <b>Bitcoin</b> (CRYPTO:BTC), <b>Ethereum</b> (CRYPTO:ETH), <b>Dogecoin</b> (CRYPTO:DOGE), and a host of other digital currencies have paved the way for once-in-a-lifetime gains. For instance, a $155 investment in Bitcoin at $1 would have been worth over $1 million when it hit $64,800 a token in mid-April.</p><p>But over the past two weeks, cryptocurrencies have fallen off a cliff. Some would call this a natural pullback after a monstrous run higher. I have a different name for it: a popping bubble.</p><p>While there is no shortage of enthusiasts who believe digital currencies are the greatest thing since sliced bread, I believe the crypto market is imploding for 10 very good reasons.</p><p><img src=\"https://static.tigerbbs.com/08bd510be5ae746f0867c5de1184417a\" tg-width=\"700\" tg-height=\"464\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>1. There's very minimal real-world utility</p><p>One of the biggest drawbacks of digital currency is that it's virtually useless outside a cryptocurrency exchange. Although we've seen a small number of high-profile companies or organizations accept Bitcoin or Dogecoin, the reality is that the total number of businesses accepting either is microscopic. Approximately 1,300 businesses globally have chosen to accept Dogecoin after eight years, while Fundera found that 15,174 businesses accept Bitcoin, as of December 2020. For some context here, there are an estimated 582 million entrepreneurs worldwide.</p><p>2. Valuations, relative to transaction data, made no sense</p><p>Even though valuation is somewhat subjective, <a href=\"https://laohu8.com/S/AONE.U\">one</a> glance at transaction data for the three most popular cryptocurrencies, relative to payment processing juggernauts such as <b><a href=\"https://laohu8.com/S/V\">Visa</a></b> (NYSE:V) and <b>Mastercard</b> (NYSE:MA), would leave anyone's jaw on the floor.</p><p>The latest Nilson report found that 1.01 billion credit transactions were processed daily in 2018, 700 million of which were handled by Visa and Mastercard. By comparison, Bitcoin, Ethereum, and Dogecoin are processing in the neighborhood of 300,000, 1.4 million, and 50,000 respective transactions on their blockchains each day. All the major cryptos combined can't hold a candle to the processing potential of Visa or Mastercard, yet the Big Three of crypto have a higher combined market value than Visa and Mastercard. That makes no sense.</p><p><img src=\"https://static.tigerbbs.com/ce89a01a16c15dafb27017a6a42cedc3\" tg-width=\"700\" tg-height=\"496\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>3. Businesses have been slow to adopt blockchain</p><p>On paper, blockchain sounds great. On the financial side of the equation, it's a way to expedite the validation and settlement of payments. Rather than waiting up to a week for cross-border payments to settle, they could be resolved in mere seconds or minutes. Blockchain also has nonfinancial applications. Ethereum's smart contract-driven blockchain might be the key to one day unlocking supply chain bottlenecks.</p><p>However, what sounds great on paper doesn't always translate into real-world success. Blockchain continues to suffer from a Catch-22. Businesses won't adopt it till the technology is proven on a broad scale, but no businesses will abandon their existing (and proven) infrastructure to effectively be the guinea pig. Until blockchain matures, big business will keep its distance.</p><p>4. There's virtually no barrier to entry</p><p>Aside from minimal utility, my biggest personal gripe with crypto is there's no barrier to entry. Anyone with the time to code can develop a blockchain and, potentially, a tethered token. According to CoinMarketCap, there are almost 10,000 different cryptocurrencies in its system. While many aren't trading much, if at all, that's an insane number of potential competitors to Bitcoin, Dogecoin, and Ethereum, with the likelihood of many more to come.</p><p>In short, the crypto space is constantly being diluted by an unlimited amount of competition.</p><p><img src=\"https://static.tigerbbs.com/614d7f34734e33d740f7f9c02ed3f8fd\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>5. Centralization remains a problem</p><p>One of the many goals of cryptocurrencies is decentralization. This is to ensure that no one person or small group of people controls a network. Yet according to data from BitInfoCharts.com, ownership in Bitcoin and Dogecoin is fairly centralized. Just 2,155 addresses own almost 42% of all Bitcoin, while 66.6% of all outstanding Dogecoin is owned by only 99 addresses. It's possible folks are waking up to the fact that these financial experiments aren't as decentralized as they were intended to be.</p><p>6. Elon Musk is tugging at heartstrings</p><p>Another reason the crypto bubble is bursting is that it's been artificially driven by tweets from <b>Tesla</b>&nbsp;CEO Elon Musk.</p><p>At first, Musk was all aboard the Bitcoin train. He purchased $1.5 billion Bitcoin for Tesla's balance sheet in February and announced that the company would begin accepting Bitcoin for electric vehicle purchases a month later. Then, after 49 days, he tweeted that Tesla would no longer accept Bitcoin because of the adverse environmental impacts of mining it. He's since turned his attention to Dogecoin.</p><p>The fact that tweets with little or no substance are creating and erasing hundreds of billions of dollars in crypto market value would seem to indicate that a bubble has been brewing for some time.</p><p><img src=\"https://static.tigerbbs.com/4c7f03bc8a60bee0f293f0582f185505\" tg-width=\"700\" tg-height=\"474\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>7. Not all governments are OK with crypto</p><p>The crypto bubble is also popping because some governments aren't OK with allowing cryptocurrencies to undermine their own central bank-backed currencies. Last week, China sent the crypto market into a tailspin after prohibiting banks and online payment channels in the country from offering any services related to the cryptocurrency industry. It should be noted that a lot of Bitcoin mining occurs in China.</p><p>And China's far from alone. Turkey recently enacted a ban on crypto payments. Meanwhile, countries including Bolivia, Ecuador, Nigeria, and Algeria have effectively banned digital currencies. This trend makes the global use case for crypto unlikely.</p><p>8. There are no identifiable real-world correlations</p><p>Yet another issue with crypto is there are no readily identifiable real-world correlations.</p><p>For example, we know that gold and the U.S. dollar have an inverse relationship to one another. When the dollar is declining in value, gold is very likely rising in value. This is a correlation that's been established over a long period of time.</p><p>Bitcoin, Ethereum, and Dogecoin don't have these correlations. Enthusiasts like to point out how crypto is a hedge against inflation, but they forget that Bitcoin has both risen and fallen when the money supply expanded rapidly or slowly. Crypto is driven by emotion and technical analysis, primarily because it has no real-world correlations.</p><p><img src=\"https://static.tigerbbs.com/b04ade705354c4825038c4dfcd0187d9\" tg-width=\"700\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>9. Leverage is haunting the crypto market</p><p>The cryptocurrency implosion can also be blamed on investors who are over-levered. Some of the most popular crypto exchanges will allow customers to use 50 to 125 times leverage on their actual account equity. While this isn't an uncommon amount of leverage in forex, where currencies move in fractions of a cent, it's absolutely ludicrous for crypto, which can move 3% in the blink of an eye.</p><p>According to data from Bybt.com, via Bloomberg, over 887,000 accounts totaling $9.4 billion in aggregate crypto assets were liquidated as a result of leverage-based margin calls on May 19. Because of this insane leverage, it doesn't take much for things to go south quickly for the crypto market.</p><p>10. Investors always overhype new tech</p><p>Finally, investors frequently overestimate the adoption of new technology. Though there is no shortage of people hyped up about blockchain, it's been more than a half-decade and the blockchain buzz hasn't materialized into meaningful enterprise usage. It takes all next-big-thing technology time to mature, and crypto will be no different.</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>10 Reasons the Cryptocurrency Bubble Is Bursting</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\">\n10 Reasons the Cryptocurrency Bubble Is Bursting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-25 11:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>This might be more than just a \"healthy pullback.\"For more than 100 years, the stock market has been one of the greatest wealth creators in this country. Stocks might have taken a back seat to housing...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","V":"Visa","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137132568","content_text":"This might be more than just a \"healthy pullback.\"For more than 100 years, the stock market has been one of the greatest wealth creators in this country. Stocks might have taken a back seat to housing, oil, gold, or other assets for brief periods of time over the past century, but they've delivered the highest consistent returns of any investment vehicle.That is until cryptocurrencies came along a little over a decade ago.The emergence of Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), Dogecoin (CRYPTO:DOGE), and a host of other digital currencies have paved the way for once-in-a-lifetime gains. For instance, a $155 investment in Bitcoin at $1 would have been worth over $1 million when it hit $64,800 a token in mid-April.But over the past two weeks, cryptocurrencies have fallen off a cliff. Some would call this a natural pullback after a monstrous run higher. I have a different name for it: a popping bubble.While there is no shortage of enthusiasts who believe digital currencies are the greatest thing since sliced bread, I believe the crypto market is imploding for 10 very good reasons.Image source: Getty Images.1. There's very minimal real-world utilityOne of the biggest drawbacks of digital currency is that it's virtually useless outside a cryptocurrency exchange. Although we've seen a small number of high-profile companies or organizations accept Bitcoin or Dogecoin, the reality is that the total number of businesses accepting either is microscopic. Approximately 1,300 businesses globally have chosen to accept Dogecoin after eight years, while Fundera found that 15,174 businesses accept Bitcoin, as of December 2020. For some context here, there are an estimated 582 million entrepreneurs worldwide.2. Valuations, relative to transaction data, made no senseEven though valuation is somewhat subjective, one glance at transaction data for the three most popular cryptocurrencies, relative to payment processing juggernauts such as Visa (NYSE:V) and Mastercard (NYSE:MA), would leave anyone's jaw on the floor.The latest Nilson report found that 1.01 billion credit transactions were processed daily in 2018, 700 million of which were handled by Visa and Mastercard. By comparison, Bitcoin, Ethereum, and Dogecoin are processing in the neighborhood of 300,000, 1.4 million, and 50,000 respective transactions on their blockchains each day. All the major cryptos combined can't hold a candle to the processing potential of Visa or Mastercard, yet the Big Three of crypto have a higher combined market value than Visa and Mastercard. That makes no sense.Image source: Getty Images.3. Businesses have been slow to adopt blockchainOn paper, blockchain sounds great. On the financial side of the equation, it's a way to expedite the validation and settlement of payments. Rather than waiting up to a week for cross-border payments to settle, they could be resolved in mere seconds or minutes. Blockchain also has nonfinancial applications. Ethereum's smart contract-driven blockchain might be the key to one day unlocking supply chain bottlenecks.However, what sounds great on paper doesn't always translate into real-world success. Blockchain continues to suffer from a Catch-22. Businesses won't adopt it till the technology is proven on a broad scale, but no businesses will abandon their existing (and proven) infrastructure to effectively be the guinea pig. Until blockchain matures, big business will keep its distance.4. There's virtually no barrier to entryAside from minimal utility, my biggest personal gripe with crypto is there's no barrier to entry. Anyone with the time to code can develop a blockchain and, potentially, a tethered token. According to CoinMarketCap, there are almost 10,000 different cryptocurrencies in its system. While many aren't trading much, if at all, that's an insane number of potential competitors to Bitcoin, Dogecoin, and Ethereum, with the likelihood of many more to come.In short, the crypto space is constantly being diluted by an unlimited amount of competition.Image source: Getty Images.5. Centralization remains a problemOne of the many goals of cryptocurrencies is decentralization. This is to ensure that no one person or small group of people controls a network. Yet according to data from BitInfoCharts.com, ownership in Bitcoin and Dogecoin is fairly centralized. Just 2,155 addresses own almost 42% of all Bitcoin, while 66.6% of all outstanding Dogecoin is owned by only 99 addresses. It's possible folks are waking up to the fact that these financial experiments aren't as decentralized as they were intended to be.6. Elon Musk is tugging at heartstringsAnother reason the crypto bubble is bursting is that it's been artificially driven by tweets from Tesla CEO Elon Musk.At first, Musk was all aboard the Bitcoin train. He purchased $1.5 billion Bitcoin for Tesla's balance sheet in February and announced that the company would begin accepting Bitcoin for electric vehicle purchases a month later. Then, after 49 days, he tweeted that Tesla would no longer accept Bitcoin because of the adverse environmental impacts of mining it. He's since turned his attention to Dogecoin.The fact that tweets with little or no substance are creating and erasing hundreds of billions of dollars in crypto market value would seem to indicate that a bubble has been brewing for some time.Image source: Getty Images.7. Not all governments are OK with cryptoThe crypto bubble is also popping because some governments aren't OK with allowing cryptocurrencies to undermine their own central bank-backed currencies. Last week, China sent the crypto market into a tailspin after prohibiting banks and online payment channels in the country from offering any services related to the cryptocurrency industry. It should be noted that a lot of Bitcoin mining occurs in China.And China's far from alone. Turkey recently enacted a ban on crypto payments. Meanwhile, countries including Bolivia, Ecuador, Nigeria, and Algeria have effectively banned digital currencies. This trend makes the global use case for crypto unlikely.8. There are no identifiable real-world correlationsYet another issue with crypto is there are no readily identifiable real-world correlations.For example, we know that gold and the U.S. dollar have an inverse relationship to one another. When the dollar is declining in value, gold is very likely rising in value. This is a correlation that's been established over a long period of time.Bitcoin, Ethereum, and Dogecoin don't have these correlations. Enthusiasts like to point out how crypto is a hedge against inflation, but they forget that Bitcoin has both risen and fallen when the money supply expanded rapidly or slowly. Crypto is driven by emotion and technical analysis, primarily because it has no real-world correlations.Image source: Getty Images.9. Leverage is haunting the crypto marketThe cryptocurrency implosion can also be blamed on investors who are over-levered. Some of the most popular crypto exchanges will allow customers to use 50 to 125 times leverage on their actual account equity. While this isn't an uncommon amount of leverage in forex, where currencies move in fractions of a cent, it's absolutely ludicrous for crypto, which can move 3% in the blink of an eye.According to data from Bybt.com, via Bloomberg, over 887,000 accounts totaling $9.4 billion in aggregate crypto assets were liquidated as a result of leverage-based margin calls on May 19. Because of this insane leverage, it doesn't take much for things to go south quickly for the crypto market.10. Investors always overhype new techFinally, investors frequently overestimate the adoption of new technology. Though there is no shortage of people hyped up about blockchain, it's been more than a half-decade and the blockchain buzz hasn't materialized into meaningful enterprise usage. It takes all next-big-thing technology time to mature, and crypto will be no different.","news_type":1},"isVote":1,"tweetType":1,"viewCount":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131207898,"gmtCreate":1621860827014,"gmtModify":1704363419545,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"I have faith in SEA!","listText":"I have faith in SEA!","text":"I have faith in SEA!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/131207898","repostId":"1154364832","repostType":2,"repost":{"id":"1154364832","kind":"news","pubTimestamp":1621824866,"share":"https://ttm.financial/m/news/1154364832?lang=&edition=fundamental","pubTime":"2021-05-24 10:54","market":"us","language":"en","title":"Sea Limited Is Ready To Fire On All Cylinders","url":"https://stock-news.laohu8.com/highlight/detail?id=1154364832","media":"seekingalpha","summary":"SummarySea Limited continues to extend its leadership across all its business segments with a blockb","content":"<p>Summary</p><ul><li>Sea Limited continues to extend its leadership across all its business segments with a blockbuster Q1’21 performance.</li><li>Investors need to pay attention to its potential cash flow margins that could far exceed even AMZN and MELI.</li><li>At the current price, investors are getting a bargain even at the bear case of its fair value range with a DCF framework.</li></ul><p><img src=\"https://static.tigerbbs.com/04fbbc1a372c45d5d8e903015e5b0dfe\" tg-width=\"768\" tg-height=\"512\" referrerpolicy=\"no-referrer\">Photo by Wachiwit/iStock Editorial via Getty ImagesInvestment Thesis</p><p>Sea Limited (SE) has fallen about 13% from its all-time high. The company has continued to dominate its markets and looks certain to further extend its leadership position and expand its verticals to take even more market share away from its competitors. Investors should take advantage of the consolidation to initiate or add positions to this potential massive cash flow generator.</p><p><b>Earnings Review and What To Look Out For?</b></p><p>Sea Limited is the largest integrated Internet company in South East Asia, with operations spanning across gaming, e-commerce, and fintech.</p><p>The company’s recent Q1’21 results were another blockbuster across all business segments, demonstrating the company’s strong leadership and well-executed growth strategies towards itsvision:</p><blockquote>We think we stand in the best position to capitalize on the opportunity to build the largest consumer Internet ecosystem in the region. And we'll continue to focus on executing on our core businesses as well as building those ecosystems.</blockquote><p>As a reminder, for its e-commerce segment Shopee, Sea considers its region to comprise the following markets: Indonesia, Taiwan, Vietnam, Thailand, the Philippines, Malaysia, and Singapore, of which Indonesia is the company’s largest market.</p><p>For its gaming segmentGarena, the company’s largest and growing markets comprise Southeast Asia, Taiwan, Brazil, Mexico, India, North America, Russia, and the Middle East.</p><p><img src=\"https://static.tigerbbs.com/932ec3694e935afbfa643e9c904ce964\" tg-width=\"1280\" tg-height=\"636\" referrerpolicy=\"no-referrer\">SE’s Quarterly Results. Data Source: S&amp;P Global Market Intelligence</p><p>Q1’21 YoY revenue growth accelerated to 146.7%. In fact, Q1’21 is the 11th consecutive quarter of &gt;100% YoY revenue growth. The company’s main revenue driverGarena recorded a 111.4% YoY rise, while Shopee and other services recorded a 189.8% YoY increase.</p><p>Gross margin also improved significantly compared to the prior year. Q1’21 gross margin came in at 36.6% as compared to 28.9% a year ago. In its respective segments, Garena’s gross margin also improved to 68.2% from 38.6% a year ago, while Shopee’s gross margin went up to 13.7% from 7.1% a year ago.</p><p><img src=\"https://static.tigerbbs.com/6d9651b44ee4d09b2dcf3d8c49e72213\" tg-width=\"1280\" tg-height=\"629\" referrerpolicy=\"no-referrer\"></p><p>SE’s LTM results. Data Source: S&amp;P Global Market Intelligence</p><p>Looking across the longer-term trend using the LTM basis, we could also see similar fantastic top line performance. LTM YoY revenue growth came in at 113.7%, and gross margin also improved to 33% compared to 30.4% a year ago. Therefore, investors should be encouraged to know that Sea’s top line performance has been consistently getting better and better even as it scaled up fast, improving its cost of revenue ratio, showing just how capable the company is in being able to execute its growth strategies across multiple countries within its region.</p><p>Investors may want to continue paying attention to the company’s sales and marketing spend as it still accounted for the majority of the operating expenses in both the Q and LTM results, respectively. More importantly, sales and marketing spend as a percentage of revenue has continued to fall as the company scaled up, reflecting improving cost efficiencies over time.</p><p><img src=\"https://static.tigerbbs.com/695523a022549fe176d5ac4f89f3c4cb\" tg-width=\"1004\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p><p>SE’s OPEX as a % of Revenue (LTM Trend). Data Source: S&amp;P Global Market Intelligence</p><p>This has certainly helped to improve the company’s overall cost efficiencies over time, showing clearly the benefits of economies of scale of the company’s business model. LTM sales and marketing spend improved to 40.6% of revenue from 43.3% a year ago, while LTM overall operating expenses improved to 59.9% of revenue from 67.4% a year ago.</p><p>This has helped to narrow the company’s LTM negative operating margin to -27% from -37%. Investors should be reminded not to focus on SE’s near-term operating margins as a gauge of the company’s core operating performance. This is because the company is still in the early stages (despite growing so rapidly) of penetrating Southeast Asia’s massive e-commerce market, of which it is the clear leader currently. The company is expected to continue investing heavily in sales and marketing, in order to drive the massive potential for growth in the region and to establish itself as the future undisputed e-commerce leader in the region taking the large majority of the pie, leaving the rest of its competitors to only be able to compete in their much smaller respective niche market segments, just like what Amazon (AMZN) had done in its established markets.</p><p>In fact, Sea’s CEOForrest Li, who was named “Singapore Businessman of the Year at the 35th Singapore Business Awards in Nov 20” added:</p><blockquote>Let me put it this way, it (Shopee) can be profitable anytime. But I think what's really important to us is we think it's still very early days for e-commerce development. We are in a very good situation because Garena has been profitable - actually it's pretty profitable, and this gives us the resources to invest in Shopee, invest in SeaMoney. I think pretty soon, Shopee will turn to be profitable as well. In certain markets, like Taiwan, it's already profitable. And then we will have more resources; two cash flow generators: Garena and Shopee. This allows us to continually invest in future opportunities.</blockquote><p>I have previously discussed (articles listedhereandhere) how important it is for investors to focus on cash flows for companies with massive scalability potential like Coupang (CPNG) and Opendoor Technologies (OPEN) which are still in their early days of penetrating their respective markets.</p><p>It is the same focus for Sea as we attempt to delve deeper into its cash flow generating ability. Sea uses Adjusted EBITDA to report its cash flow performance. I will present the discussion from FCF and EBITDA point of view first as a matter of consistency, before going over to the Adjusted EBITDA metrics.</p><p><img src=\"https://static.tigerbbs.com/ae1db2d81fcf921eaba649f93cbbf9e0\" tg-width=\"1280\" tg-height=\"601\" referrerpolicy=\"no-referrer\"></p><p>SE’s LTM CFO Margin and LTM FCF Margin. Data Source: S&amp;P Global Market Intelligence</p><p>A quick glance over to its cash flow statement unveiled just how well-performing SE has been with its cash flow management. In fact, SE’s CFO and FCF performance has been improving remarkably over time as it scaled up quickly, and the company is just getting started. Its LTM CFO margins have been steadily improving over the previous year from -5.36% to 17.28% for the Q1’21 quarter. In addition, its LTM FCF margins also improved steadily over the previous year from -13.4% to 11.08%.</p><p><img src=\"https://static.tigerbbs.com/2c3f20175798dec1212a5aac70feb8cc\" tg-width=\"1280\" tg-height=\"826\" referrerpolicy=\"no-referrer\"></p><p>SE’s EBITDA Margin &amp; EBIT Margin. Data Source: S&amp;P Global Market Intelligence</p><p>When we move over to its EBITDA margins, the improvement in trend of its core operating performance is also clearly discernible. Although it has yet to turn EBITDA positive, it was due mainly to necessary investments in sales and marketing.</p><p><img src=\"https://static.tigerbbs.com/5b82c3c4bf6f1a5698e05c68eaddbe2e\" tg-width=\"1280\" tg-height=\"819\" referrerpolicy=\"no-referrer\"></p><p><b>SE’s CapEx Margin &amp; CFO Margin. Data Source: S&amp;P Global Market Intelligence</b></p><p>SE has also benefited from the huge improvement in its core operating performance as seen in its CFO margin trend, while its heavy earlier CapEx investments have started to bear fruit as it scaled, as the CapEx margin is trending lower, and its CFO will now be able to sustain its CapEx moving forward.</p><p>It’s very clear that SE’s business has well cleared its inflection point of heavy investments to scale up, and the company is well on its way to generate huge cash flows in the future as it continues to power ahead in its market penetration.</p><p><img src=\"https://static.tigerbbs.com/88fb528aaddb4c6a12d219ac9c2e9f64\" tg-width=\"1280\" tg-height=\"730\" referrerpolicy=\"no-referrer\"></p><p>SE’s EBITDA Margin Forecast &amp; CapEx Margin Forecast. Data Source: S&amp;P Global Market Intelligence</p><p>Moving ahead, we can also see that SE’s forward EBITDA margin trend is expected to significantly expand, while CapEx margin is expected to continue to fall. The company is on track to be a massive cash flow generator, with EBITDA margin expected to be about 43.8% by FY 30. Therefore, investors must be aligned with Sea’s long-term vision of focusing on growing its cash flows as it continues to penetrate the region’s markets. Based on its current growth trajectory, SE’s cash flow generating potential looks massive.</p><p><img src=\"https://static.tigerbbs.com/46dd783ffd94d877ef749555e8869764\" tg-width=\"1280\" tg-height=\"735\" referrerpolicy=\"no-referrer\"></p><p>AMZN’s &amp; SE’s EBITDA Margin Forecast &amp; CapEx Margin Forecast. Data Source: S&amp;P Global Market Intelligence</p><p>When we bring in AMZN’s forecasts, I believe investors can clearly see what I mean. AMZN is already quite profitable based on its EBITDA margin, while SE’s EBITDA margin profitability is probably just getting started and SE is expected to grow its EBITDA margins much faster than AMZN, and this only goes to show the tremendous potential of the markets that SE is operating in. Investors are clearly reminded to give Shopee time to scale up to deliver the kind of cash flow profitability that will drive future returns.</p><p><img src=\"https://static.tigerbbs.com/37f1f59f3a8d0e8ef6e74b521330d9f7\" tg-width=\"1280\" tg-height=\"714\" referrerpolicy=\"no-referrer\">SE’s Adjusted EBITDA. Source: SE 6-K</p><p>As we move on to the segmented Adjusted EBITDA presented by the company, we can then infer what SE CEO Forrest Li meant by “Garena providing the resources for the company to invest in Shopee and SeaMoney.”</p><p>The company is continuing to build on Garena’s success to deliver the resources needed to invest in Shopee and SeaMoney. Investors should consider Shopee and SeaMoney as an entity because they have tremendous synergies and are each other’s flywheel. Garena offers clear cash flow visibility for Shopee and SeaMoney to grow.</p><p>Garena’s bookings reached $1.1B in Q1’21, which represents a 117.4% YoY increase. The bookings consist of current revenue and change in deferred revenue, the part which provides visibility into future revenue recognition.</p><p>As can be seen, based on Adjusted EBITDA, which also included change in deferred revenue, SE has turned profitable. Unlike many other e-commerce companies or internet companies, SE already has a cash flow profitable Garena segment to provide the resources to drive its e-commerce and fintech segment growth. This combination is extremely powerful and, coupled with the company’s remarkable execution, has already brought FCF profitability to its operations, and soon EBITDA profitable. This will certainly allow SE to push even harder to drive more sustainable investments into more verticals and products to expand its ecosystem and further reduce the share of the pie available and pull itself further away from its closest competitors.</p><p>Therefore, investors must continue to pay attention to the key growth drivers in Garena, and how the company intends to stretch its leadership further to protect its key cash flow generator until Shopee and SeaMoney become self-sustainable.</p><p><img src=\"https://static.tigerbbs.com/3291643e2334f5cf171810ba13d16ca2\" tg-width=\"1100\" tg-height=\"604\" referrerpolicy=\"no-referrer\"></p><p>Shopee’s Adjusted EBITDA per order. Source:Techinasia</p><p>As Shopee continues to drive its fast expansion across the region, its unit economics have continued to improve remarkably, as it achieved operating efficiencies over time, leading to further reductions in Adjusted EBITDA loss per order. For Q1’21, the Adjusted EBITDA loss per order improved to $0.38, which represents a 38% YoY decline. As the company has guided earlier, it would not be long before Shopee achieves self-sustaining EBITDA profitability.</p><p><b>What’s Next for Garena?</b></p><p>At the Pocket Gamer Awards 2021, Garena received the Best Mobile Publisher Award, and Free Fire was also named the Best Battle Royale Game.</p><p>Yet, according to the company, Garena’s most popular self-developedFree Fireis</p><blockquote>still at an early stage of driving growth on the user base as well as pay user base for this game and developing it into a social platform where people not only come to play the core gameplay, but also enjoy other modes hangout, listen to music, social lives.”</blockquote><p>The company’s focus on Free Fire is notable as it is Garena’s most important revenue driver. Therefore the ability to scale Free Fire beyond just a game but into a social platform would bring Free Fire into its next phase of growth while continuing to grow its active user base and paying users. Sea also emphasized that the company continues to see “stickiness” in its active user metrics as the average active user spends about 2 to 3 hours daily on its platform. Not only has Garena grown its quarterly paying users 123.5% YoY, its quarterly paying users also represented 12.3% of quarterly active users (QAU) for Q1’21 as compared to 8.9% a year ago. Therefore driving the stickiness of the platform and encouraging more time spent among its active users would help to drive its paying user ratio up.</p><p>Sea believes that one of the key factors that could help to drive Garena towards its vision of a social platform is dramatically increasing its modes of engagement with its users. This is not just restricted to online activities, but also offline community engagement programs. The whole intent is to develop a “broad-based platform stickiness” beyond its top active users, by building and growing the platform into a much larger community and provide the users ample opportunities to socialize and engage through its ongoing content development, and its promotion of community engagement.</p><p>A key aspect of its community engagement strategies is focused on eSports. Sea believes that it operates the “largest mobile-game professional league in Southeast Asia, Taiwan and Brazil” and Free Fire was also named the “eSports Mobile Game of the Year at the eSports Awards 2020”. (Source: SE 20-F). The company continues to hold very large-scale eSports tournaments and events to strengthen its community engagement strategies such as Free Fire League Latinoamerica 2021, and its flagship Garena World event in April. On the 28th May, theFree Fire World Series 2021 Singapore(FFWS 2021 SG), which is Free Fire’s most prestigious eSports tournament, will take place in Singapore with a massive prize pool of US2M. Sea is showing no signs of ever letting the company’s most important revenue driver and most profitable segment to slip through its grip. Instead, it continues to build on its success as the leading eSports organizer in its markets.</p><p>Garena is also looking way beyond the success of Free Fire and is constantly developing its games portfolio pipeline through constant R&amp;D and product development with its “significant number of our more than 1,000 in-house game developers globally are constantly working on new ideas, while we continue to engage with third-party game studios for collaboration on promising and complementary game development and publishing opportunities.” (Source: SE Q1’21 earnings transcript)</p><p><b>Expanding Shopee’s Global Footprint and Verticals</b></p><p>Sea is actively expanding its presence in LatAm’s largest e-commerce market:Brazil, taking on MercadoLibre (MELI) in its most important market and with eyes on the whole LatAm. Although Sea is a relatively new player in e-commerce, having set up Shopee only in2015, the company is no stranger to taking on big incumbents. Shopee has already unseated the incumbent Alibaba-backed (BABA)Lazadaas the number one e-commerce platform in Southeast Asia. In addition, in its most important market, Indonesia, the company has also unseated incumbent Tokopedia as the leader, and Shopee was also recently reported to be themost visited e-commerce websiteamong Indonesian consumers in 2020.</p><p>Sea further highlighted that the company continued to rank first in MAU and total time spent on apps in the shopping category across its markets in Southeast Asia, and in Indonesia it also recorded its fastest quarterly YoY growth rates on record. (Source: SE Q1’21 earnings transcript)</p><p>Therefore, Sea is an extremely well-managed company, capable of pulling off challenging growth strategies against other large incumbents. Don’t bet against Sea.</p><p>In addition, the company has also ventured into other verticals such as food delivery to expand its ecosystem. Sea sees food delivery as a complementary offering in Shopee. In Vietnam, Sea-owned food delivery service Now which it acquired in 2017 is already themarket leader, having unseated the incumbent Grab. The company also recently launched its food delivery service in Jakarta, Indonesia, with plans to launch into other cities in the future.</p><p><b>The SeaMoney Synergies</b></p><p>Sea’s fintech platform SeaMoney continues to see continued success and growth as mobile wallet services TPV recorded a YoY growth of almost 209% to $3.4B, as ShopeePay continues to ride on the coattails of Shopee’s rapid growth. The company also highlighted that according to Snapcart Indonesia’s survey in March, “ShopeePay was the most used, the most remembered and most liked mobile wallet by Indonesian consumers during the first quarter.” (Source: SE Q1’21 earnings transcript)</p><p>The company is also aggressively expanding its off-platform use cases by establishing “partnerships with major consumer brands in Indonesia, one of which is their partnership with Indomaret, a leading Indonesian convenience store chain, as well as with Wendy’s(NASDAQ:WEN)and Domino’s Pizza(NYSE:DPZ).”</p><p>The company has also continued to improve the utility within ShopeePay adding new features such as “Deals Near Me”, which was said to have driven “significant footfall to its onboarded offline merchants.”</p><p>The strategy of incorporating the higher-margin digital financial services products such as wealth management products is also within the pipeline and is a natural extension of its fintech strategy. Although I believe this may be the most challenging aspect among its growth strategies within SeaMoney as financial services is a highly regulated market and the Southeast Asia region’s regulatory landscape largely differs between countries. Yet, it is still a key area of growth within the company’s overall fintech blueprint.</p><p><b>GoTo: What Should Investors Look Out For In The Tokopedia And Gojek Merger?</b></p><p>Much has been said recently regarding the SoftBank(OTCPK:SFTBY)and Alibaba-backedmergerbetween Tokopedia and Gojek and the risks it may pose to Sea’s leadership.</p><p>What’s important for investors to note is that in my opinion, the move seems born out of a measure of “desperation” to save their own businesses from the growing prowess of Grab (AGC) and SE in Gojek’s case and SE in Tokopedia’s case who have been aggressively taking away their respective market share, eventually culminating in them losing their respective market leadership. Therefore, it’s a marriage of two “losing” incumbents who have failed to stem the charge of their strong and well-managed new market entrants in Sea and Grab. Sea and Grab are themselves no strangers to dislodging market-leading incumbents, with Grab having sentUber Technologies(UBER) packing home from Southeast Asia and BABA-backed Lazada getting overtaken by Sea in the Southeast Asian market.</p><p>Grab’s food delivery business was reported to account for 53% of Indonesia’s food delivery market, while its ride-hailing business was reported to account for 64% of the Indonesian ride-hailing market in2019. Grab sees Indonesia as the crown jewel in its Southeast Asian portfolio, with Grab CEOAnthony Tanreportedly having spent a lot of time in Indonesia to oversee its growth strategies. With Grab projected to turnEBITDA profitable by 2023, I feel Gojek may have already crucially lost the initiative to Grab.</p><p>Tokopedia, which was founded in 2009 had a head start of close to 6 years over Shopee, a huge amount of time in Tech before Shopee commenced operations in 2015. In just a short span of 6 years, not only has Tokopedia lost its leadership position to Shopee, ShopeePay has also overtaken all the other e-payment players in Indonesia in a mere two years, as ShopeePay now holds a38% share, well ahead of Grab-backed OVO and Gojek’s GoPay, both holding 19% share each. Remember the Shopee and ShopeePay’s synergies, it’s like a flywheel, each driving increased usage of the other, and leading further to increased GMV and TPV respectively. Shopee also reportedly understands Indonesian consumers’ needs better, especially among the female consumers as compared to Tokopedia according to a report byMomentum Works:</p><blockquote>For Shopee, fashion and beauty are the most popular product categories. On the other hand, Tokopedia is more established in mobile and electronics. This explains why many of the female Indonesians are going to Shopee instead. For mobile and electronics, you probably only buy them once or twice a year. For fashion and beauty, it’s a different story. You can buy it every other month and even if you do not buy, you browse a lot – sending traffic to the platform. Impulse buying is also common for these categories, which is just nice for an ecosystem of shoppers, products as well as influencers.</blockquote><p>With Sea having already turned Adjusted EBITDA profitable in Q1’21, the company is well ready to take on the challenges of this merger between the two incumbents, who may have already crucially lost their opportunities to “turn back time”, even with a merger that is perhaps too little too late.</p><p><b>Valuations</b></p><p><img src=\"https://static.tigerbbs.com/9af1f1703d974dcc9562883dc04d1f13\" tg-width=\"1134\" tg-height=\"518\" referrerpolicy=\"no-referrer\"></p><p>Peers EV / Fwd Rev. Data Source: S&amp;P Global Market Intelligence</p><p>With such huge potential growth coming from Sea’s markets, Sea obviously trades at a premium when compared to its e-commerce peers, if we simply base off their respective expected revenue growth.</p><p><img src=\"https://static.tigerbbs.com/3607c4899ac3e4b1beccce944f68a638\" tg-width=\"1280\" tg-height=\"728\" referrerpolicy=\"no-referrer\"></p><p>Peers’ EBITDA Margin Forecast &amp; CapEx Forecast. Data Source: S&amp;P Global Market Intelligence</p><p>However, when we peek into Sea’s superior future cash flow generating capability using its projected EBITDA margins, we can see that Sea is only just getting started.</p><p>Since the company is expected to produce predictable cash flows moving forward, I find it meaningful to conduct a DCF valuation framework to determine a range of fair values with the results presented below.</p><p>Based on the DCF framework, I find SE undervalued by about 26% at the midpoint of its fair value range, with respect to the stock price of $246.33 as at 21 May 21. Therefore, I find the price level highly attractive.</p><p><img src=\"https://static.tigerbbs.com/0e8d8cce67ca4c035e6314b345d5f05a\" tg-width=\"1280\" tg-height=\"277\" referrerpolicy=\"no-referrer\"></p><p>Range of Fair Values. Data Source: S&amp;P Global Market Intelligence</p><p><img src=\"https://static.tigerbbs.com/84cb6fe959ae96e28a8f3a60146ec35f\" tg-width=\"1154\" tg-height=\"726\" referrerpolicy=\"no-referrer\"></p><p>WACC computation. Data Source: S&amp;P Global Market Intelligence</p><p><img src=\"https://static.tigerbbs.com/8982fb5ac9e8bb059635b287f81fe221\" tg-width=\"1280\" tg-height=\"206\" referrerpolicy=\"no-referrer\"></p><p>Fwd Rev &amp; Fwd EBITDA. Data Source: S&amp;P Global Market Intelligence</p><p><img src=\"https://static.tigerbbs.com/4e1e7da44b94ab543e888920747044ca\" tg-width=\"1172\" tg-height=\"934\" referrerpolicy=\"no-referrer\"></p><p>Unlevered FCF &amp; Enterprise Value. Data Source: S&amp;P Global Market Intelligence</p><p><img src=\"https://static.tigerbbs.com/75f2f24a8f6afecdf6bf0644d9bf8423\" tg-width=\"1014\" tg-height=\"696\" referrerpolicy=\"no-referrer\"></p><p>Equity Value Bridge. Data Source: S&amp;P Global Market Intelligence</p><p><b>Price Action and Technical Analysis</b></p><p><img src=\"https://static.tigerbbs.com/bab4482ce4bebbe89bc6636f5d39f10d\" tg-width=\"1280\" tg-height=\"798\" referrerpolicy=\"no-referrer\">Source: TradingView</p><p>SE has been on a meteoric rise since Mar 20, and as at the date of writing (21 May 21), the stock was down by about 13% from its all-time high in Feb 21. The price level between $275 and $285 looks to be an area of key resistance and bull traps previously set to lure in late buyers.</p><p>Key support is at $200, with the 50-period MA also serving as a key dynamic support area. I may continue to add more positions into this stock if the price level retraces nearer to $200 at the next retracement.</p><p>Otherwise, investors who wish to initiate or add more positions may find the current price attractive.</p><p>Further key support levels are currently at $179 and $155, areas that I would likely add very aggressively if the price was to retrace to those areas.</p><p><b>Conclusion</b></p><p>Sea is a very well-managed and ambitious integrated Internet company that looks to be at the next phase of its rapid growth and profitability. Investors may wish to take advantage of the current consolidation phase to gain entry or add positions to this potentially massive cash flow machine.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Limited Is Ready To Fire On All Cylinders</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Limited Is Ready To Fire On All Cylinders\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-24 10:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4430755-sea-limited-stock-se-ready-to-fire-on-all-cylinders><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummarySea Limited continues to extend its leadership across all its business segments with a blockbuster Q1’21 performance.Investors need to pay attention to its potential cash flow margins that ...</p>\n\n<a href=\"https://seekingalpha.com/article/4430755-sea-limited-stock-se-ready-to-fire-on-all-cylinders\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4430755-sea-limited-stock-se-ready-to-fire-on-all-cylinders","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1154364832","content_text":"SummarySea Limited continues to extend its leadership across all its business segments with a blockbuster Q1’21 performance.Investors need to pay attention to its potential cash flow margins that could far exceed even AMZN and MELI.At the current price, investors are getting a bargain even at the bear case of its fair value range with a DCF framework.Photo by Wachiwit/iStock Editorial via Getty ImagesInvestment ThesisSea Limited (SE) has fallen about 13% from its all-time high. The company has continued to dominate its markets and looks certain to further extend its leadership position and expand its verticals to take even more market share away from its competitors. Investors should take advantage of the consolidation to initiate or add positions to this potential massive cash flow generator.Earnings Review and What To Look Out For?Sea Limited is the largest integrated Internet company in South East Asia, with operations spanning across gaming, e-commerce, and fintech.The company’s recent Q1’21 results were another blockbuster across all business segments, demonstrating the company’s strong leadership and well-executed growth strategies towards itsvision:We think we stand in the best position to capitalize on the opportunity to build the largest consumer Internet ecosystem in the region. And we'll continue to focus on executing on our core businesses as well as building those ecosystems.As a reminder, for its e-commerce segment Shopee, Sea considers its region to comprise the following markets: Indonesia, Taiwan, Vietnam, Thailand, the Philippines, Malaysia, and Singapore, of which Indonesia is the company’s largest market.For its gaming segmentGarena, the company’s largest and growing markets comprise Southeast Asia, Taiwan, Brazil, Mexico, India, North America, Russia, and the Middle East.SE’s Quarterly Results. Data Source: S&P Global Market IntelligenceQ1’21 YoY revenue growth accelerated to 146.7%. In fact, Q1’21 is the 11th consecutive quarter of >100% YoY revenue growth. The company’s main revenue driverGarena recorded a 111.4% YoY rise, while Shopee and other services recorded a 189.8% YoY increase.Gross margin also improved significantly compared to the prior year. Q1’21 gross margin came in at 36.6% as compared to 28.9% a year ago. In its respective segments, Garena’s gross margin also improved to 68.2% from 38.6% a year ago, while Shopee’s gross margin went up to 13.7% from 7.1% a year ago.SE’s LTM results. Data Source: S&P Global Market IntelligenceLooking across the longer-term trend using the LTM basis, we could also see similar fantastic top line performance. LTM YoY revenue growth came in at 113.7%, and gross margin also improved to 33% compared to 30.4% a year ago. Therefore, investors should be encouraged to know that Sea’s top line performance has been consistently getting better and better even as it scaled up fast, improving its cost of revenue ratio, showing just how capable the company is in being able to execute its growth strategies across multiple countries within its region.Investors may want to continue paying attention to the company’s sales and marketing spend as it still accounted for the majority of the operating expenses in both the Q and LTM results, respectively. More importantly, sales and marketing spend as a percentage of revenue has continued to fall as the company scaled up, reflecting improving cost efficiencies over time.SE’s OPEX as a % of Revenue (LTM Trend). Data Source: S&P Global Market IntelligenceThis has certainly helped to improve the company’s overall cost efficiencies over time, showing clearly the benefits of economies of scale of the company’s business model. LTM sales and marketing spend improved to 40.6% of revenue from 43.3% a year ago, while LTM overall operating expenses improved to 59.9% of revenue from 67.4% a year ago.This has helped to narrow the company’s LTM negative operating margin to -27% from -37%. Investors should be reminded not to focus on SE’s near-term operating margins as a gauge of the company’s core operating performance. This is because the company is still in the early stages (despite growing so rapidly) of penetrating Southeast Asia’s massive e-commerce market, of which it is the clear leader currently. The company is expected to continue investing heavily in sales and marketing, in order to drive the massive potential for growth in the region and to establish itself as the future undisputed e-commerce leader in the region taking the large majority of the pie, leaving the rest of its competitors to only be able to compete in their much smaller respective niche market segments, just like what Amazon (AMZN) had done in its established markets.In fact, Sea’s CEOForrest Li, who was named “Singapore Businessman of the Year at the 35th Singapore Business Awards in Nov 20” added:Let me put it this way, it (Shopee) can be profitable anytime. But I think what's really important to us is we think it's still very early days for e-commerce development. We are in a very good situation because Garena has been profitable - actually it's pretty profitable, and this gives us the resources to invest in Shopee, invest in SeaMoney. I think pretty soon, Shopee will turn to be profitable as well. In certain markets, like Taiwan, it's already profitable. And then we will have more resources; two cash flow generators: Garena and Shopee. This allows us to continually invest in future opportunities.I have previously discussed (articles listedhereandhere) how important it is for investors to focus on cash flows for companies with massive scalability potential like Coupang (CPNG) and Opendoor Technologies (OPEN) which are still in their early days of penetrating their respective markets.It is the same focus for Sea as we attempt to delve deeper into its cash flow generating ability. Sea uses Adjusted EBITDA to report its cash flow performance. I will present the discussion from FCF and EBITDA point of view first as a matter of consistency, before going over to the Adjusted EBITDA metrics.SE’s LTM CFO Margin and LTM FCF Margin. Data Source: S&P Global Market IntelligenceA quick glance over to its cash flow statement unveiled just how well-performing SE has been with its cash flow management. In fact, SE’s CFO and FCF performance has been improving remarkably over time as it scaled up quickly, and the company is just getting started. Its LTM CFO margins have been steadily improving over the previous year from -5.36% to 17.28% for the Q1’21 quarter. In addition, its LTM FCF margins also improved steadily over the previous year from -13.4% to 11.08%.SE’s EBITDA Margin & EBIT Margin. Data Source: S&P Global Market IntelligenceWhen we move over to its EBITDA margins, the improvement in trend of its core operating performance is also clearly discernible. Although it has yet to turn EBITDA positive, it was due mainly to necessary investments in sales and marketing.SE’s CapEx Margin & CFO Margin. Data Source: S&P Global Market IntelligenceSE has also benefited from the huge improvement in its core operating performance as seen in its CFO margin trend, while its heavy earlier CapEx investments have started to bear fruit as it scaled, as the CapEx margin is trending lower, and its CFO will now be able to sustain its CapEx moving forward.It’s very clear that SE’s business has well cleared its inflection point of heavy investments to scale up, and the company is well on its way to generate huge cash flows in the future as it continues to power ahead in its market penetration.SE’s EBITDA Margin Forecast & CapEx Margin Forecast. Data Source: S&P Global Market IntelligenceMoving ahead, we can also see that SE’s forward EBITDA margin trend is expected to significantly expand, while CapEx margin is expected to continue to fall. The company is on track to be a massive cash flow generator, with EBITDA margin expected to be about 43.8% by FY 30. Therefore, investors must be aligned with Sea’s long-term vision of focusing on growing its cash flows as it continues to penetrate the region’s markets. Based on its current growth trajectory, SE’s cash flow generating potential looks massive.AMZN’s & SE’s EBITDA Margin Forecast & CapEx Margin Forecast. Data Source: S&P Global Market IntelligenceWhen we bring in AMZN’s forecasts, I believe investors can clearly see what I mean. AMZN is already quite profitable based on its EBITDA margin, while SE’s EBITDA margin profitability is probably just getting started and SE is expected to grow its EBITDA margins much faster than AMZN, and this only goes to show the tremendous potential of the markets that SE is operating in. Investors are clearly reminded to give Shopee time to scale up to deliver the kind of cash flow profitability that will drive future returns.SE’s Adjusted EBITDA. Source: SE 6-KAs we move on to the segmented Adjusted EBITDA presented by the company, we can then infer what SE CEO Forrest Li meant by “Garena providing the resources for the company to invest in Shopee and SeaMoney.”The company is continuing to build on Garena’s success to deliver the resources needed to invest in Shopee and SeaMoney. Investors should consider Shopee and SeaMoney as an entity because they have tremendous synergies and are each other’s flywheel. Garena offers clear cash flow visibility for Shopee and SeaMoney to grow.Garena’s bookings reached $1.1B in Q1’21, which represents a 117.4% YoY increase. The bookings consist of current revenue and change in deferred revenue, the part which provides visibility into future revenue recognition.As can be seen, based on Adjusted EBITDA, which also included change in deferred revenue, SE has turned profitable. Unlike many other e-commerce companies or internet companies, SE already has a cash flow profitable Garena segment to provide the resources to drive its e-commerce and fintech segment growth. This combination is extremely powerful and, coupled with the company’s remarkable execution, has already brought FCF profitability to its operations, and soon EBITDA profitable. This will certainly allow SE to push even harder to drive more sustainable investments into more verticals and products to expand its ecosystem and further reduce the share of the pie available and pull itself further away from its closest competitors.Therefore, investors must continue to pay attention to the key growth drivers in Garena, and how the company intends to stretch its leadership further to protect its key cash flow generator until Shopee and SeaMoney become self-sustainable.Shopee’s Adjusted EBITDA per order. Source:TechinasiaAs Shopee continues to drive its fast expansion across the region, its unit economics have continued to improve remarkably, as it achieved operating efficiencies over time, leading to further reductions in Adjusted EBITDA loss per order. For Q1’21, the Adjusted EBITDA loss per order improved to $0.38, which represents a 38% YoY decline. As the company has guided earlier, it would not be long before Shopee achieves self-sustaining EBITDA profitability.What’s Next for Garena?At the Pocket Gamer Awards 2021, Garena received the Best Mobile Publisher Award, and Free Fire was also named the Best Battle Royale Game.Yet, according to the company, Garena’s most popular self-developedFree Fireisstill at an early stage of driving growth on the user base as well as pay user base for this game and developing it into a social platform where people not only come to play the core gameplay, but also enjoy other modes hangout, listen to music, social lives.”The company’s focus on Free Fire is notable as it is Garena’s most important revenue driver. Therefore the ability to scale Free Fire beyond just a game but into a social platform would bring Free Fire into its next phase of growth while continuing to grow its active user base and paying users. Sea also emphasized that the company continues to see “stickiness” in its active user metrics as the average active user spends about 2 to 3 hours daily on its platform. Not only has Garena grown its quarterly paying users 123.5% YoY, its quarterly paying users also represented 12.3% of quarterly active users (QAU) for Q1’21 as compared to 8.9% a year ago. Therefore driving the stickiness of the platform and encouraging more time spent among its active users would help to drive its paying user ratio up.Sea believes that one of the key factors that could help to drive Garena towards its vision of a social platform is dramatically increasing its modes of engagement with its users. This is not just restricted to online activities, but also offline community engagement programs. The whole intent is to develop a “broad-based platform stickiness” beyond its top active users, by building and growing the platform into a much larger community and provide the users ample opportunities to socialize and engage through its ongoing content development, and its promotion of community engagement.A key aspect of its community engagement strategies is focused on eSports. Sea believes that it operates the “largest mobile-game professional league in Southeast Asia, Taiwan and Brazil” and Free Fire was also named the “eSports Mobile Game of the Year at the eSports Awards 2020”. (Source: SE 20-F). The company continues to hold very large-scale eSports tournaments and events to strengthen its community engagement strategies such as Free Fire League Latinoamerica 2021, and its flagship Garena World event in April. On the 28th May, theFree Fire World Series 2021 Singapore(FFWS 2021 SG), which is Free Fire’s most prestigious eSports tournament, will take place in Singapore with a massive prize pool of US2M. Sea is showing no signs of ever letting the company’s most important revenue driver and most profitable segment to slip through its grip. Instead, it continues to build on its success as the leading eSports organizer in its markets.Garena is also looking way beyond the success of Free Fire and is constantly developing its games portfolio pipeline through constant R&D and product development with its “significant number of our more than 1,000 in-house game developers globally are constantly working on new ideas, while we continue to engage with third-party game studios for collaboration on promising and complementary game development and publishing opportunities.” (Source: SE Q1’21 earnings transcript)Expanding Shopee’s Global Footprint and VerticalsSea is actively expanding its presence in LatAm’s largest e-commerce market:Brazil, taking on MercadoLibre (MELI) in its most important market and with eyes on the whole LatAm. Although Sea is a relatively new player in e-commerce, having set up Shopee only in2015, the company is no stranger to taking on big incumbents. Shopee has already unseated the incumbent Alibaba-backed (BABA)Lazadaas the number one e-commerce platform in Southeast Asia. In addition, in its most important market, Indonesia, the company has also unseated incumbent Tokopedia as the leader, and Shopee was also recently reported to be themost visited e-commerce websiteamong Indonesian consumers in 2020.Sea further highlighted that the company continued to rank first in MAU and total time spent on apps in the shopping category across its markets in Southeast Asia, and in Indonesia it also recorded its fastest quarterly YoY growth rates on record. (Source: SE Q1’21 earnings transcript)Therefore, Sea is an extremely well-managed company, capable of pulling off challenging growth strategies against other large incumbents. Don’t bet against Sea.In addition, the company has also ventured into other verticals such as food delivery to expand its ecosystem. Sea sees food delivery as a complementary offering in Shopee. In Vietnam, Sea-owned food delivery service Now which it acquired in 2017 is already themarket leader, having unseated the incumbent Grab. The company also recently launched its food delivery service in Jakarta, Indonesia, with plans to launch into other cities in the future.The SeaMoney SynergiesSea’s fintech platform SeaMoney continues to see continued success and growth as mobile wallet services TPV recorded a YoY growth of almost 209% to $3.4B, as ShopeePay continues to ride on the coattails of Shopee’s rapid growth. The company also highlighted that according to Snapcart Indonesia’s survey in March, “ShopeePay was the most used, the most remembered and most liked mobile wallet by Indonesian consumers during the first quarter.” (Source: SE Q1’21 earnings transcript)The company is also aggressively expanding its off-platform use cases by establishing “partnerships with major consumer brands in Indonesia, one of which is their partnership with Indomaret, a leading Indonesian convenience store chain, as well as with Wendy’s(NASDAQ:WEN)and Domino’s Pizza(NYSE:DPZ).”The company has also continued to improve the utility within ShopeePay adding new features such as “Deals Near Me”, which was said to have driven “significant footfall to its onboarded offline merchants.”The strategy of incorporating the higher-margin digital financial services products such as wealth management products is also within the pipeline and is a natural extension of its fintech strategy. Although I believe this may be the most challenging aspect among its growth strategies within SeaMoney as financial services is a highly regulated market and the Southeast Asia region’s regulatory landscape largely differs between countries. Yet, it is still a key area of growth within the company’s overall fintech blueprint.GoTo: What Should Investors Look Out For In The Tokopedia And Gojek Merger?Much has been said recently regarding the SoftBank(OTCPK:SFTBY)and Alibaba-backedmergerbetween Tokopedia and Gojek and the risks it may pose to Sea’s leadership.What’s important for investors to note is that in my opinion, the move seems born out of a measure of “desperation” to save their own businesses from the growing prowess of Grab (AGC) and SE in Gojek’s case and SE in Tokopedia’s case who have been aggressively taking away their respective market share, eventually culminating in them losing their respective market leadership. Therefore, it’s a marriage of two “losing” incumbents who have failed to stem the charge of their strong and well-managed new market entrants in Sea and Grab. Sea and Grab are themselves no strangers to dislodging market-leading incumbents, with Grab having sentUber Technologies(UBER) packing home from Southeast Asia and BABA-backed Lazada getting overtaken by Sea in the Southeast Asian market.Grab’s food delivery business was reported to account for 53% of Indonesia’s food delivery market, while its ride-hailing business was reported to account for 64% of the Indonesian ride-hailing market in2019. Grab sees Indonesia as the crown jewel in its Southeast Asian portfolio, with Grab CEOAnthony Tanreportedly having spent a lot of time in Indonesia to oversee its growth strategies. With Grab projected to turnEBITDA profitable by 2023, I feel Gojek may have already crucially lost the initiative to Grab.Tokopedia, which was founded in 2009 had a head start of close to 6 years over Shopee, a huge amount of time in Tech before Shopee commenced operations in 2015. In just a short span of 6 years, not only has Tokopedia lost its leadership position to Shopee, ShopeePay has also overtaken all the other e-payment players in Indonesia in a mere two years, as ShopeePay now holds a38% share, well ahead of Grab-backed OVO and Gojek’s GoPay, both holding 19% share each. Remember the Shopee and ShopeePay’s synergies, it’s like a flywheel, each driving increased usage of the other, and leading further to increased GMV and TPV respectively. Shopee also reportedly understands Indonesian consumers’ needs better, especially among the female consumers as compared to Tokopedia according to a report byMomentum Works:For Shopee, fashion and beauty are the most popular product categories. On the other hand, Tokopedia is more established in mobile and electronics. This explains why many of the female Indonesians are going to Shopee instead. For mobile and electronics, you probably only buy them once or twice a year. For fashion and beauty, it’s a different story. You can buy it every other month and even if you do not buy, you browse a lot – sending traffic to the platform. Impulse buying is also common for these categories, which is just nice for an ecosystem of shoppers, products as well as influencers.With Sea having already turned Adjusted EBITDA profitable in Q1’21, the company is well ready to take on the challenges of this merger between the two incumbents, who may have already crucially lost their opportunities to “turn back time”, even with a merger that is perhaps too little too late.ValuationsPeers EV / Fwd Rev. Data Source: S&P Global Market IntelligenceWith such huge potential growth coming from Sea’s markets, Sea obviously trades at a premium when compared to its e-commerce peers, if we simply base off their respective expected revenue growth.Peers’ EBITDA Margin Forecast & CapEx Forecast. Data Source: S&P Global Market IntelligenceHowever, when we peek into Sea’s superior future cash flow generating capability using its projected EBITDA margins, we can see that Sea is only just getting started.Since the company is expected to produce predictable cash flows moving forward, I find it meaningful to conduct a DCF valuation framework to determine a range of fair values with the results presented below.Based on the DCF framework, I find SE undervalued by about 26% at the midpoint of its fair value range, with respect to the stock price of $246.33 as at 21 May 21. Therefore, I find the price level highly attractive.Range of Fair Values. Data Source: S&P Global Market IntelligenceWACC computation. Data Source: S&P Global Market IntelligenceFwd Rev & Fwd EBITDA. Data Source: S&P Global Market IntelligenceUnlevered FCF & Enterprise Value. Data Source: S&P Global Market IntelligenceEquity Value Bridge. Data Source: S&P Global Market IntelligencePrice Action and Technical AnalysisSource: TradingViewSE has been on a meteoric rise since Mar 20, and as at the date of writing (21 May 21), the stock was down by about 13% from its all-time high in Feb 21. The price level between $275 and $285 looks to be an area of key resistance and bull traps previously set to lure in late buyers.Key support is at $200, with the 50-period MA also serving as a key dynamic support area. I may continue to add more positions into this stock if the price level retraces nearer to $200 at the next retracement.Otherwise, investors who wish to initiate or add more positions may find the current price attractive.Further key support levels are currently at $179 and $155, areas that I would likely add very aggressively if the price was to retrace to those areas.ConclusionSea is a very well-managed and ambitious integrated Internet company that looks to be at the next phase of its rapid growth and profitability. Investors may wish to take advantage of the current consolidation phase to gain entry or add positions to this potentially massive cash flow machine.","news_type":1},"isVote":1,"tweetType":1,"viewCount":221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139512451,"gmtCreate":1621644448873,"gmtModify":1704360880732,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"When is digital yuan coming?&nbsp;","listText":"When is digital yuan coming?&nbsp;","text":"When is digital yuan coming?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/139512451","repostId":"1174075999","repostType":4,"repost":{"id":"1174075999","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621607834,"share":"https://ttm.financial/m/news/1174075999?lang=&edition=fundamental","pubTime":"2021-05-21 22:37","market":"us","language":"en","title":"Crypto stocks tumbled again on China's crackdown on bitcoin mining and trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1174075999","media":"Tiger Newspress","summary":"Cryptocurrencies have fallen,Bitcoin fell below $38000 per coin, down 6.65% in the day;while Ethereum fell below $2500 per coin, down more than 14%.In a statement from Chinese Vice Premier Liu He and the State Council, authorities said tighter regulation is needed to protect the financial system.The statement, released late Friday in China time, said it is necessary to \"crack down on Bitcoin mining and trading behavior, and resolutely prevent the transmission of individual risks to the social fi","content":"<p>Crypto stocks tumbled again on China's crackdown on bitcoin mining and trading.</p><p>Cryptocurrencies have fallen,Bitcoin fell below $38000 per coin, down 6.65% in the day;while Ethereum&nbsp;fell below $2500 per coin, down more than 14%.</p><p>In a statement from Chinese Vice Premier Liu He and the State Council, authorities said tighter regulation is needed to protect the financial system.</p><p>The statement, released late Friday in China time, said it is necessary to \"crack down on Bitcoin mining and trading behavior, and resolutely prevent the transmission of individual risks to the social field.\"</p><p><img src=\"https://static.tigerbbs.com/d135c4771b39f0a7bc8af9a06844785e\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/4448bb0f18a487f50bea1c8ba9816936\" tg-width=\"414\" tg-height=\"727\" referrerpolicy=\"no-referrer\"></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>Crypto stocks tumbled again on China's crackdown on bitcoin mining and trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto stocks tumbled again on China's crackdown on bitcoin mining and trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-21 22:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Crypto stocks tumbled again on China's crackdown on bitcoin mining and trading.</p><p>Cryptocurrencies have fallen,Bitcoin fell below $38000 per coin, down 6.65% in the day;while Ethereum&nbsp;fell below $2500 per coin, down more than 14%.</p><p>In a statement from Chinese Vice Premier Liu He and the State Council, authorities said tighter regulation is needed to protect the financial system.</p><p>The statement, released late Friday in China time, said it is necessary to \"crack down on Bitcoin mining and trading behavior, and resolutely prevent the transmission of individual risks to the social field.\"</p><p><img src=\"https://static.tigerbbs.com/d135c4771b39f0a7bc8af9a06844785e\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/4448bb0f18a487f50bea1c8ba9816936\" tg-width=\"414\" tg-height=\"727\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOS":"SOS Limited","XNET":"迅雷","RIOT":"Riot Platforms","BTBT":"Bit Digital, Inc.","MARA":"Marathon Digital Holdings Inc","EBON":"亿邦国际","CAN":"嘉楠科技","SQ":"Block","BTCM":"BIT Mining","COIN":"Coinbase Global, Inc.","NCTY":"第九城市"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174075999","content_text":"Crypto stocks tumbled again on China's crackdown on bitcoin mining and trading.Cryptocurrencies have fallen,Bitcoin fell below $38000 per coin, down 6.65% in the day;while Ethereum fell below $2500 per coin, down more than 14%.In a statement from Chinese Vice Premier Liu He and the State Council, authorities said tighter regulation is needed to protect the financial system.The statement, released late Friday in China time, said it is necessary to \"crack down on Bitcoin mining and trading behavior, and resolutely prevent the transmission of individual risks to the social field.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130113295,"gmtCreate":1621518538217,"gmtModify":1704358953315,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"Not too sure on this","listText":"Not too sure on this","text":"Not too sure on this","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/130113295","repostId":"2136010949","repostType":4,"repost":{"id":"2136010949","kind":"highlight","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621525460,"share":"https://ttm.financial/m/news/2136010949?lang=&edition=fundamental","pubTime":"2021-05-20 23:44","market":"us","language":"en","title":"Oatly spikes 25% on its first day of trading","url":"https://stock-news.laohu8.com/highlight/detail?id=2136010949","media":"Tiger Newspress","summary":"Oatly shares opened at $21.36 each on Thursday, about 25% higher than the company’s IPO price.Oatly ","content":"<p>Oatly shares opened at $21.36&nbsp;each on Thursday, about 25% higher than the company’s IPO price.</p><p><img src=\"https://static.tigerbbs.com/dea20942dd681dbc49dc4d9b993e2bf2\" tg-width=\"1920\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"></p><p>Oatly is preparing for the next generation of diners who bring with them 'a new set of values and expectations'</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d1d5a4af914d52b8e97b3e053101a658\" tg-width=\"1260\" tg-height=\"841\" referrerpolicy=\"no-referrer\"><span>Oatly said in its prospectus that it's focused on health and sustainability, two areas of importance to customers.</span></p><p>After first filing for its IPO confidentially in February , plant-based food company <a href=\"https://laohu8.com/S/OTLY\">Oatly Group AB</a> go public Thursday.</p><p>On Wednesday, Oatly priced its initial public offering at $17 a share , at the high end of its expected range, offering 84.4 million American Depository Shares. Selling stockholders will offer 19.7 million of those shares.</p><p>The pricing valued the company at about $10 billion, and will raise about $1.43 billion. The company will trade on the Nasdaq under the ticker \"OTLY.\"</p><p>Oatly Group changed its name from Havre Global AB on March 1.</p><p>There are nine lead underwriters for the filing: <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>, JPMorgan, Credit Suisse, Barclays, Jeffries, BNP Paribas, BofA Securities, Piper Sandler and RBC Capital Markets.</p><p>Oatly is backed by private-equity group Blackstone Group, as well as celebrity names like Oprah Winfrey and Jay Z who invested $200 million in the company last summer. That investment valued the company at $2 billion at the time, according to The Wall Street Journal .</p><p>Based in Malmö, Sweden, Oatly has been in the oat milk business for 25 years. The company's product lineup now also includes frozen desserts and \"oatgurt,\" an alternative yogurt.</p><p>Toni Petersson has been Oatly's chief executive since 2012, and will join the board once the company is publicly-traded.</p><p>Christian Hanke, a former Nasdaq Stockholm executive, has served as Oatly's chief financial officer since March 2020.</p><p>The company is going public at a time when climate change and sustainability issues are top of mind for many consumers, particularly younger ones.</p><p>\"Generation Z and Millennials will become the dominant global generations in the coming years, bringing to the market a new set of values and expectations,\" the company said in its prospectus.</p><p>\"These combined factors are driving a clear rapid, accelerating growth and influx of new consumers to the plant-based dairy market.\"</p><p>According to the Plant Based Foods Association and Good Foods Institute, plant-based-food sales reached $7 billion in 2020.</p><p>Consumer Insights data quoted in the prospectus says the plant-based milk category will grow 20% to 25% over the next three years.</p><p>Oatly is focused on its role in helping to transform the food industry in order to be better for the environment and meet the health needs of its customers. The company points out that substituting a cup of Oatly for a cup of cow's milk reduces greenhouse gas emissions, land use and energy consumption.</p><p>Tastewise, which provides food and beverage data and intelligence, said in a December 2020 report that \"plant-based everything\" will be <a href=\"https://laohu8.com/S/AONE\">one</a> of the top 10 U.S. trends for this year.</p><p>\"The number <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason consumers turn to plant-based food and beverage? Health,\" the report said.</p><p>\"Plant-based is no longer just an 'alternative' to meat, but rather a significantcategory in itself.\"</p><p>Oatly's key markets are Sweden, Germany and the U.K., though its products were available in 60,000 retail stores and 32,200 coffee shops around the world as of December 31, 2020. Among the places where customers can find Oatly is Starbucks <a href=\"https://laohu8.com/S/SBUX\">$(SBUX)$</a>, where demand was so high there was a shortage soon after the coffee chain introduced beverages made with the item.</p><p>COVID-19 has impacted Oatly's business as lockdowns around the world limited access to restaurants, bars and other dining establishments.</p><p>In 2020, Oatly had revenue of $421.4 million, up from $204.0 million the year before. However, the company reported a loss of $60.4 million \"reflecting our continued investment in production, brand awareness, new markets and product development,\" the prospectus said.</p><p>Oatly is classified as an \"emerging growth company,\" which means it does not have to make the same disclosures required of bigger public companies. A business remains an emerging growth company until it reaches a number of milestones, including annual revenue of more than $1.07 billion.</p><p>Oatly warns that it has reported losses over the last \"several\" years and expects operating and capital expenses to rise \"substantially.\"</p><p>\"Our expansion efforts may take longer or prove more expensive than we anticipate, particularly in light of the COVID-19 pandemic, and we may not succeed in increasing our revenue and margins sufficiently to offset the anticipated higher expenses,\" the company said in its prospectus.</p><p>\"We incur significant expenses in researching and developing our innovative products, building out our production and manufacturing facilities, obtaining and storing ingredients and other products and marketing the products we offer.\"</p><p>Here are five more things to know about Oatly ahead of its public debut:</p><p>Oatly will not pay a dividend for the \"foreseeable future.\" The company plans to use the proceeds from the offering as working capital, for incremental growth, including expansion, and other general purposes.</p><p>Coffee provided a gateway for Oatly in the U.S. Oatly arrived in the U.S. in 2017. The company says it \"focused on targeting coffee's tastemakers, professional baristas at independent coffee shops\" as a way to enter the market.\"</p><p>By December 31, 2020, Oatly was in more than 7,500 retail shops and 10,000 coffee shops in the U.S. Revenue in 2020 totaled $100 million in the U.S.</p><p>Oatly can also be found in 11,000 coffee and tea shops in China, and at more than 6,000 retail and specialty shops across the country, including thousands of Starbucks locations.</p><p>Limited oat supply could have a financial impact. Oatly depends on five suppliers for the oats it uses, purchasing this ingredient through millers in Sweden, Denmark, the U.S. and Belgium.</p><p>\"We have in the past experienced interruptions in the supply of oats from one supplier that resulted in delays in delivery to us,\" the company said, noting that its oat supply is also vulnerable to natural disasters such as drought or floods.</p><p>\"We could experience similar delays in the future from any of these suppliers.\"</p><p>The company also depends on select suppliers for enzymes, including one supplier that provides an enzyme for some of Oatly's products, including Barista Edition oat milk.</p><p>The main components of the company's products are manufactured in four primary facilities as of March 2021, which could also be a problem if something significant happens at any one facility.</p><p>The dairy market is highly competitive. Oatly identifies conventional dairy companies, including Dean Foods Inc. (DFODQ) and Lactalis as competitors, as well as the growing array of plant-based dairy alternative companies that are entering the market, including soy, almond, hemp and cashew milk brands.</p><p>All of these companies are competing for a finite number of retail stores, coffee shops, foodservice clients and consumers.</p><p>\"In order for us to not only maintain our market position, but also to continue to grow and acquire more consumers, some of which may be switching from traditional dairy to plant-based alternatives, we must continue to provide delicious, high-quality products, and consumers must believe in our vision for a food system that is better for people and the planet,\" the company said.</p><p>Oatly's marketing and COVID-19 might be a hurdle to growth. Oatly says that its history of \"provocative and unconventional marketing and advertising campaigns\" has gotten them into hot water, including a 2014 lawsuit filed by the Swedish dairy lobby in which the courts found Oatly was \"disparaging to dairy products.\"</p><p>\"The decision resulted in a ban on our further use of a number of expressions marketing our products in Sweden, under the penalty of liquidated damages of SEK 2 million per expression,\" the prospectus said.</p><p>The company cautions that future marketing could drive other legal action.</p><p>More recently, Oatly's Super Bowl ad made headlines , but mostly for provoking laughter.</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>Oatly spikes 25% on its first day of trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOatly spikes 25% on its first day of trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-20 23:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Oatly shares opened at $21.36&nbsp;each on Thursday, about 25% higher than the company’s IPO price.</p><p><img src=\"https://static.tigerbbs.com/dea20942dd681dbc49dc4d9b993e2bf2\" tg-width=\"1920\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"></p><p>Oatly is preparing for the next generation of diners who bring with them 'a new set of values and expectations'</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d1d5a4af914d52b8e97b3e053101a658\" tg-width=\"1260\" tg-height=\"841\" referrerpolicy=\"no-referrer\"><span>Oatly said in its prospectus that it's focused on health and sustainability, two areas of importance to customers.</span></p><p>After first filing for its IPO confidentially in February , plant-based food company <a href=\"https://laohu8.com/S/OTLY\">Oatly Group AB</a> go public Thursday.</p><p>On Wednesday, Oatly priced its initial public offering at $17 a share , at the high end of its expected range, offering 84.4 million American Depository Shares. Selling stockholders will offer 19.7 million of those shares.</p><p>The pricing valued the company at about $10 billion, and will raise about $1.43 billion. The company will trade on the Nasdaq under the ticker \"OTLY.\"</p><p>Oatly Group changed its name from Havre Global AB on March 1.</p><p>There are nine lead underwriters for the filing: <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>, JPMorgan, Credit Suisse, Barclays, Jeffries, BNP Paribas, BofA Securities, Piper Sandler and RBC Capital Markets.</p><p>Oatly is backed by private-equity group Blackstone Group, as well as celebrity names like Oprah Winfrey and Jay Z who invested $200 million in the company last summer. That investment valued the company at $2 billion at the time, according to The Wall Street Journal .</p><p>Based in Malmö, Sweden, Oatly has been in the oat milk business for 25 years. The company's product lineup now also includes frozen desserts and \"oatgurt,\" an alternative yogurt.</p><p>Toni Petersson has been Oatly's chief executive since 2012, and will join the board once the company is publicly-traded.</p><p>Christian Hanke, a former Nasdaq Stockholm executive, has served as Oatly's chief financial officer since March 2020.</p><p>The company is going public at a time when climate change and sustainability issues are top of mind for many consumers, particularly younger ones.</p><p>\"Generation Z and Millennials will become the dominant global generations in the coming years, bringing to the market a new set of values and expectations,\" the company said in its prospectus.</p><p>\"These combined factors are driving a clear rapid, accelerating growth and influx of new consumers to the plant-based dairy market.\"</p><p>According to the Plant Based Foods Association and Good Foods Institute, plant-based-food sales reached $7 billion in 2020.</p><p>Consumer Insights data quoted in the prospectus says the plant-based milk category will grow 20% to 25% over the next three years.</p><p>Oatly is focused on its role in helping to transform the food industry in order to be better for the environment and meet the health needs of its customers. The company points out that substituting a cup of Oatly for a cup of cow's milk reduces greenhouse gas emissions, land use and energy consumption.</p><p>Tastewise, which provides food and beverage data and intelligence, said in a December 2020 report that \"plant-based everything\" will be <a href=\"https://laohu8.com/S/AONE\">one</a> of the top 10 U.S. trends for this year.</p><p>\"The number <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason consumers turn to plant-based food and beverage? Health,\" the report said.</p><p>\"Plant-based is no longer just an 'alternative' to meat, but rather a significantcategory in itself.\"</p><p>Oatly's key markets are Sweden, Germany and the U.K., though its products were available in 60,000 retail stores and 32,200 coffee shops around the world as of December 31, 2020. Among the places where customers can find Oatly is Starbucks <a href=\"https://laohu8.com/S/SBUX\">$(SBUX)$</a>, where demand was so high there was a shortage soon after the coffee chain introduced beverages made with the item.</p><p>COVID-19 has impacted Oatly's business as lockdowns around the world limited access to restaurants, bars and other dining establishments.</p><p>In 2020, Oatly had revenue of $421.4 million, up from $204.0 million the year before. However, the company reported a loss of $60.4 million \"reflecting our continued investment in production, brand awareness, new markets and product development,\" the prospectus said.</p><p>Oatly is classified as an \"emerging growth company,\" which means it does not have to make the same disclosures required of bigger public companies. A business remains an emerging growth company until it reaches a number of milestones, including annual revenue of more than $1.07 billion.</p><p>Oatly warns that it has reported losses over the last \"several\" years and expects operating and capital expenses to rise \"substantially.\"</p><p>\"Our expansion efforts may take longer or prove more expensive than we anticipate, particularly in light of the COVID-19 pandemic, and we may not succeed in increasing our revenue and margins sufficiently to offset the anticipated higher expenses,\" the company said in its prospectus.</p><p>\"We incur significant expenses in researching and developing our innovative products, building out our production and manufacturing facilities, obtaining and storing ingredients and other products and marketing the products we offer.\"</p><p>Here are five more things to know about Oatly ahead of its public debut:</p><p>Oatly will not pay a dividend for the \"foreseeable future.\" The company plans to use the proceeds from the offering as working capital, for incremental growth, including expansion, and other general purposes.</p><p>Coffee provided a gateway for Oatly in the U.S. Oatly arrived in the U.S. in 2017. The company says it \"focused on targeting coffee's tastemakers, professional baristas at independent coffee shops\" as a way to enter the market.\"</p><p>By December 31, 2020, Oatly was in more than 7,500 retail shops and 10,000 coffee shops in the U.S. Revenue in 2020 totaled $100 million in the U.S.</p><p>Oatly can also be found in 11,000 coffee and tea shops in China, and at more than 6,000 retail and specialty shops across the country, including thousands of Starbucks locations.</p><p>Limited oat supply could have a financial impact. Oatly depends on five suppliers for the oats it uses, purchasing this ingredient through millers in Sweden, Denmark, the U.S. and Belgium.</p><p>\"We have in the past experienced interruptions in the supply of oats from one supplier that resulted in delays in delivery to us,\" the company said, noting that its oat supply is also vulnerable to natural disasters such as drought or floods.</p><p>\"We could experience similar delays in the future from any of these suppliers.\"</p><p>The company also depends on select suppliers for enzymes, including one supplier that provides an enzyme for some of Oatly's products, including Barista Edition oat milk.</p><p>The main components of the company's products are manufactured in four primary facilities as of March 2021, which could also be a problem if something significant happens at any one facility.</p><p>The dairy market is highly competitive. Oatly identifies conventional dairy companies, including Dean Foods Inc. (DFODQ) and Lactalis as competitors, as well as the growing array of plant-based dairy alternative companies that are entering the market, including soy, almond, hemp and cashew milk brands.</p><p>All of these companies are competing for a finite number of retail stores, coffee shops, foodservice clients and consumers.</p><p>\"In order for us to not only maintain our market position, but also to continue to grow and acquire more consumers, some of which may be switching from traditional dairy to plant-based alternatives, we must continue to provide delicious, high-quality products, and consumers must believe in our vision for a food system that is better for people and the planet,\" the company said.</p><p>Oatly's marketing and COVID-19 might be a hurdle to growth. Oatly says that its history of \"provocative and unconventional marketing and advertising campaigns\" has gotten them into hot water, including a 2014 lawsuit filed by the Swedish dairy lobby in which the courts found Oatly was \"disparaging to dairy products.\"</p><p>\"The decision resulted in a ban on our further use of a number of expressions marketing our products in Sweden, under the penalty of liquidated damages of SEK 2 million per expression,\" the prospectus said.</p><p>The company cautions that future marketing could drive other legal action.</p><p>More recently, Oatly's Super Bowl ad made headlines , but mostly for provoking laughter.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OTLY":"Oatly Group AB","SBUX":"星巴克"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2136010949","content_text":"Oatly shares opened at $21.36 each on Thursday, about 25% higher than the company’s IPO price.Oatly is preparing for the next generation of diners who bring with them 'a new set of values and expectations'Oatly said in its prospectus that it's focused on health and sustainability, two areas of importance to customers.After first filing for its IPO confidentially in February , plant-based food company Oatly Group AB go public Thursday.On Wednesday, Oatly priced its initial public offering at $17 a share , at the high end of its expected range, offering 84.4 million American Depository Shares. Selling stockholders will offer 19.7 million of those shares.The pricing valued the company at about $10 billion, and will raise about $1.43 billion. The company will trade on the Nasdaq under the ticker \"OTLY.\"Oatly Group changed its name from Havre Global AB on March 1.There are nine lead underwriters for the filing: Morgan Stanley, JPMorgan, Credit Suisse, Barclays, Jeffries, BNP Paribas, BofA Securities, Piper Sandler and RBC Capital Markets.Oatly is backed by private-equity group Blackstone Group, as well as celebrity names like Oprah Winfrey and Jay Z who invested $200 million in the company last summer. That investment valued the company at $2 billion at the time, according to The Wall Street Journal .Based in Malmö, Sweden, Oatly has been in the oat milk business for 25 years. The company's product lineup now also includes frozen desserts and \"oatgurt,\" an alternative yogurt.Toni Petersson has been Oatly's chief executive since 2012, and will join the board once the company is publicly-traded.Christian Hanke, a former Nasdaq Stockholm executive, has served as Oatly's chief financial officer since March 2020.The company is going public at a time when climate change and sustainability issues are top of mind for many consumers, particularly younger ones.\"Generation Z and Millennials will become the dominant global generations in the coming years, bringing to the market a new set of values and expectations,\" the company said in its prospectus.\"These combined factors are driving a clear rapid, accelerating growth and influx of new consumers to the plant-based dairy market.\"According to the Plant Based Foods Association and Good Foods Institute, plant-based-food sales reached $7 billion in 2020.Consumer Insights data quoted in the prospectus says the plant-based milk category will grow 20% to 25% over the next three years.Oatly is focused on its role in helping to transform the food industry in order to be better for the environment and meet the health needs of its customers. The company points out that substituting a cup of Oatly for a cup of cow's milk reduces greenhouse gas emissions, land use and energy consumption.Tastewise, which provides food and beverage data and intelligence, said in a December 2020 report that \"plant-based everything\" will be one of the top 10 U.S. trends for this year.\"The number one reason consumers turn to plant-based food and beverage? Health,\" the report said.\"Plant-based is no longer just an 'alternative' to meat, but rather a significantcategory in itself.\"Oatly's key markets are Sweden, Germany and the U.K., though its products were available in 60,000 retail stores and 32,200 coffee shops around the world as of December 31, 2020. Among the places where customers can find Oatly is Starbucks $(SBUX)$, where demand was so high there was a shortage soon after the coffee chain introduced beverages made with the item.COVID-19 has impacted Oatly's business as lockdowns around the world limited access to restaurants, bars and other dining establishments.In 2020, Oatly had revenue of $421.4 million, up from $204.0 million the year before. However, the company reported a loss of $60.4 million \"reflecting our continued investment in production, brand awareness, new markets and product development,\" the prospectus said.Oatly is classified as an \"emerging growth company,\" which means it does not have to make the same disclosures required of bigger public companies. A business remains an emerging growth company until it reaches a number of milestones, including annual revenue of more than $1.07 billion.Oatly warns that it has reported losses over the last \"several\" years and expects operating and capital expenses to rise \"substantially.\"\"Our expansion efforts may take longer or prove more expensive than we anticipate, particularly in light of the COVID-19 pandemic, and we may not succeed in increasing our revenue and margins sufficiently to offset the anticipated higher expenses,\" the company said in its prospectus.\"We incur significant expenses in researching and developing our innovative products, building out our production and manufacturing facilities, obtaining and storing ingredients and other products and marketing the products we offer.\"Here are five more things to know about Oatly ahead of its public debut:Oatly will not pay a dividend for the \"foreseeable future.\" The company plans to use the proceeds from the offering as working capital, for incremental growth, including expansion, and other general purposes.Coffee provided a gateway for Oatly in the U.S. Oatly arrived in the U.S. in 2017. The company says it \"focused on targeting coffee's tastemakers, professional baristas at independent coffee shops\" as a way to enter the market.\"By December 31, 2020, Oatly was in more than 7,500 retail shops and 10,000 coffee shops in the U.S. Revenue in 2020 totaled $100 million in the U.S.Oatly can also be found in 11,000 coffee and tea shops in China, and at more than 6,000 retail and specialty shops across the country, including thousands of Starbucks locations.Limited oat supply could have a financial impact. Oatly depends on five suppliers for the oats it uses, purchasing this ingredient through millers in Sweden, Denmark, the U.S. and Belgium.\"We have in the past experienced interruptions in the supply of oats from one supplier that resulted in delays in delivery to us,\" the company said, noting that its oat supply is also vulnerable to natural disasters such as drought or floods.\"We could experience similar delays in the future from any of these suppliers.\"The company also depends on select suppliers for enzymes, including one supplier that provides an enzyme for some of Oatly's products, including Barista Edition oat milk.The main components of the company's products are manufactured in four primary facilities as of March 2021, which could also be a problem if something significant happens at any one facility.The dairy market is highly competitive. Oatly identifies conventional dairy companies, including Dean Foods Inc. (DFODQ) and Lactalis as competitors, as well as the growing array of plant-based dairy alternative companies that are entering the market, including soy, almond, hemp and cashew milk brands.All of these companies are competing for a finite number of retail stores, coffee shops, foodservice clients and consumers.\"In order for us to not only maintain our market position, but also to continue to grow and acquire more consumers, some of which may be switching from traditional dairy to plant-based alternatives, we must continue to provide delicious, high-quality products, and consumers must believe in our vision for a food system that is better for people and the planet,\" the company said.Oatly's marketing and COVID-19 might be a hurdle to growth. Oatly says that its history of \"provocative and unconventional marketing and advertising campaigns\" has gotten them into hot water, including a 2014 lawsuit filed by the Swedish dairy lobby in which the courts found Oatly was \"disparaging to dairy products.\"\"The decision resulted in a ban on our further use of a number of expressions marketing our products in Sweden, under the penalty of liquidated damages of SEK 2 million per expression,\" the prospectus said.The company cautions that future marketing could drive other legal action.More recently, Oatly's Super Bowl ad made headlines , but mostly for provoking laughter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":228,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130376991,"gmtCreate":1621516644613,"gmtModify":1704358902274,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"Honestly, selling Bitcoin to pump up its profit…","listText":"Honestly, selling Bitcoin to pump up its profit…","text":"Honestly, selling Bitcoin to pump up its profit…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/130376991","repostId":"1187748837","repostType":4,"repost":{"id":"1187748837","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1621479312,"share":"https://ttm.financial/m/news/1187748837?lang=&edition=fundamental","pubTime":"2021-05-20 10:55","market":"us","language":"en","title":"Has The Moment Of Truth Arrived For Tesla's Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=1187748837","media":"Benzinga","summary":"When an issue has a ridiculous rally, reaches a ridiculous valuation and retreats, it's impossible to predict if the issue will return to its former glory.This description can be applied to a slew of companies, however, the issue with arguably the biggest cult following is Tesla Inc. and is the PreMarket Prep Stock Of The Day.Besides the masterful influence its CEO, Elon Musk, exhibits through Twitter, there are three important events over the last nine months that have accounted for the fluff o","content":"<p>When an issue has a ridiculous rally, reaches a ridiculous valuation and retreats, it's impossible to predict if the issue will return to its former glory.</p><p>This description can be applied to a slew of companies, however, the issue with arguably the biggest cult&nbsp;following is&nbsp;<b>Tesla Inc.</b>&nbsp;and is the PreMarket Prep Stock Of The Day.</p><p><b>How Did It Get So Overvalued?</b>Besides the masterful influence its CEO, Elon Musk, exhibits through Twitter, there are three important events over the last nine months that have accounted for the fluff on top of an already fluffy issue.</p><p>The first one being, the issue's 5-for-1 stock split announced on Aug.&nbsp;11, 2020, which became effective on Aug. 28. In addition, to rallying from its price prior to the announcement ($274.88) to $442.68 (the closing price before the split), it tacked on another $50&nbsp;on the day following the split.</p><p>Many shorts were convinced the split put in the all-time high and were rewarded when the issue cratered to $329.86 in the next five sessions. However, there was another powerful catalyst waiting in wings.</p><p>On Nov. 30, when the issue was hovering at the $400 area, it was announced&nbsp;the company was going to be added to the S&amp;P 500 as of Dec. 21. In an all-out assault on indexers that would need to purchase&nbsp;shares by that date, frontrunners were out in full force.</p><p>Over the next few weeks, the issue rallied from its Nov. 16 close ($408.09) and wasn't added to the index until the staggering price of $695. No change in the fundamentals of the company, but a 70% rally nonetheless.</p><p>Once again, shorts were again convinced that the top was in and were rewarded in the short-term when Tesla swooned to $614.23 only two days later. However, when it cleared that high in the first trading session of 2021, panic buying boosted the issue to $884.49 just&nbsp;five sessions later.</p><p>The ultimate high wasn't made until Jan.&nbsp;25 at $900.40.</p><p>When adding the price increase in Tesla from only two of those events, the split ($225), the S&amp;P 500 add ($287) for a total of $512. When discounting that from its all-time, many consider the fair value of Tesla to be $388 instead of its current price around $560.</p><p><img src=\"https://static.tigerbbs.com/af5de7cbce5df03f0ec42689a442f148\" tg-width=\"914\" tg-height=\"463\" referrerpolicy=\"no-referrer\"></p><p><b>The Moment Of Truth Has Arrived</b>: Whatever you think of the above math and logic behind it, there is one thing for certain:&nbsp;the issue has retreated 38%&nbsp;from its all-time high and has reached a critical support level.</p><p>This is simple math from a technical standpoint. Ahead of the January ramp, the issue bottomed in December at $541.21. Panic selling in March took the issue to $539.49 and Wednesday’s low stands at $546.98.</p><p>One does not have to be a Chartered Technical Analyst to know that if the trio of lows at the $540 level is breached, it's&nbsp;going to get real ugly and in a hurry. Support is support until it's breached and once that happens it often becomes major resistance.</p><p>Shareholders are hoping that level isn't taken out, but the longer it hangs out in this area, the more concerned they'll be.</p><p><i>Disclosure: The author of this article is long shares of Tesla.</i></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>Has The Moment Of Truth Arrived For Tesla's Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHas The Moment Of Truth Arrived For Tesla's Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-05-20 10:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>When an issue has a ridiculous rally, reaches a ridiculous valuation and retreats, it's impossible to predict if the issue will return to its former glory.</p><p>This description can be applied to a slew of companies, however, the issue with arguably the biggest cult&nbsp;following is&nbsp;<b>Tesla Inc.</b>&nbsp;and is the PreMarket Prep Stock Of The Day.</p><p><b>How Did It Get So Overvalued?</b>Besides the masterful influence its CEO, Elon Musk, exhibits through Twitter, there are three important events over the last nine months that have accounted for the fluff on top of an already fluffy issue.</p><p>The first one being, the issue's 5-for-1 stock split announced on Aug.&nbsp;11, 2020, which became effective on Aug. 28. In addition, to rallying from its price prior to the announcement ($274.88) to $442.68 (the closing price before the split), it tacked on another $50&nbsp;on the day following the split.</p><p>Many shorts were convinced the split put in the all-time high and were rewarded when the issue cratered to $329.86 in the next five sessions. However, there was another powerful catalyst waiting in wings.</p><p>On Nov. 30, when the issue was hovering at the $400 area, it was announced&nbsp;the company was going to be added to the S&amp;P 500 as of Dec. 21. In an all-out assault on indexers that would need to purchase&nbsp;shares by that date, frontrunners were out in full force.</p><p>Over the next few weeks, the issue rallied from its Nov. 16 close ($408.09) and wasn't added to the index until the staggering price of $695. No change in the fundamentals of the company, but a 70% rally nonetheless.</p><p>Once again, shorts were again convinced that the top was in and were rewarded in the short-term when Tesla swooned to $614.23 only two days later. However, when it cleared that high in the first trading session of 2021, panic buying boosted the issue to $884.49 just&nbsp;five sessions later.</p><p>The ultimate high wasn't made until Jan.&nbsp;25 at $900.40.</p><p>When adding the price increase in Tesla from only two of those events, the split ($225), the S&amp;P 500 add ($287) for a total of $512. When discounting that from its all-time, many consider the fair value of Tesla to be $388 instead of its current price around $560.</p><p><img src=\"https://static.tigerbbs.com/af5de7cbce5df03f0ec42689a442f148\" tg-width=\"914\" tg-height=\"463\" referrerpolicy=\"no-referrer\"></p><p><b>The Moment Of Truth Has Arrived</b>: Whatever you think of the above math and logic behind it, there is one thing for certain:&nbsp;the issue has retreated 38%&nbsp;from its all-time high and has reached a critical support level.</p><p>This is simple math from a technical standpoint. Ahead of the January ramp, the issue bottomed in December at $541.21. Panic selling in March took the issue to $539.49 and Wednesday’s low stands at $546.98.</p><p>One does not have to be a Chartered Technical Analyst to know that if the trio of lows at the $540 level is breached, it's&nbsp;going to get real ugly and in a hurry. Support is support until it's breached and once that happens it often becomes major resistance.</p><p>Shareholders are hoping that level isn't taken out, but the longer it hangs out in this area, the more concerned they'll be.</p><p><i>Disclosure: The author of this article is long shares of Tesla.</i></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187748837","content_text":"When an issue has a ridiculous rally, reaches a ridiculous valuation and retreats, it's impossible to predict if the issue will return to its former glory.This description can be applied to a slew of companies, however, the issue with arguably the biggest cult following is Tesla Inc. and is the PreMarket Prep Stock Of The Day.How Did It Get So Overvalued?Besides the masterful influence its CEO, Elon Musk, exhibits through Twitter, there are three important events over the last nine months that have accounted for the fluff on top of an already fluffy issue.The first one being, the issue's 5-for-1 stock split announced on Aug. 11, 2020, which became effective on Aug. 28. In addition, to rallying from its price prior to the announcement ($274.88) to $442.68 (the closing price before the split), it tacked on another $50 on the day following the split.Many shorts were convinced the split put in the all-time high and were rewarded when the issue cratered to $329.86 in the next five sessions. However, there was another powerful catalyst waiting in wings.On Nov. 30, when the issue was hovering at the $400 area, it was announced the company was going to be added to the S&P 500 as of Dec. 21. In an all-out assault on indexers that would need to purchase shares by that date, frontrunners were out in full force.Over the next few weeks, the issue rallied from its Nov. 16 close ($408.09) and wasn't added to the index until the staggering price of $695. No change in the fundamentals of the company, but a 70% rally nonetheless.Once again, shorts were again convinced that the top was in and were rewarded in the short-term when Tesla swooned to $614.23 only two days later. However, when it cleared that high in the first trading session of 2021, panic buying boosted the issue to $884.49 just five sessions later.The ultimate high wasn't made until Jan. 25 at $900.40.When adding the price increase in Tesla from only two of those events, the split ($225), the S&P 500 add ($287) for a total of $512. When discounting that from its all-time, many consider the fair value of Tesla to be $388 instead of its current price around $560.The Moment Of Truth Has Arrived: Whatever you think of the above math and logic behind it, there is one thing for certain: the issue has retreated 38% from its all-time high and has reached a critical support level.This is simple math from a technical standpoint. Ahead of the January ramp, the issue bottomed in December at $541.21. Panic selling in March took the issue to $539.49 and Wednesday’s low stands at $546.98.One does not have to be a Chartered Technical Analyst to know that if the trio of lows at the $540 level is breached, it's going to get real ugly and in a hurry. Support is support until it's breached and once that happens it often becomes major resistance.Shareholders are hoping that level isn't taken out, but the longer it hangs out in this area, the more concerned they'll be.Disclosure: The author of this article is long shares of Tesla.","news_type":1},"isVote":1,"tweetType":1,"viewCount":325,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130378884,"gmtCreate":1621516611848,"gmtModify":1704358902113,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"Exciting times","listText":"Exciting times","text":"Exciting times","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/130378884","repostId":"1194998187","repostType":4,"repost":{"id":"1194998187","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621512956,"share":"https://ttm.financial/m/news/1194998187?lang=&edition=fundamental","pubTime":"2021-05-20 20:15","market":"us","language":"en","title":"Toplines Before US Market Open on Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1194998187","media":"Tiger Newspress","summary":"U.S. Futures Fall as Stocks Mixed\n\n\nCisco drops while Virgin Galactic surged in U.S. premarket tradi","content":"<ul>\n <li>U.S. Futures Fall as Stocks Mixed</li>\n</ul>\n<ul>\n <li>Cisco drops while&nbsp;Virgin Galactic&nbsp;surged&nbsp;in U.S. premarket trading; Bitcoin rises</li>\n</ul>\n<p>U.S. futures fell and stocks were mixed Thursday as investors weighed the prospect of reduced stimulus against signs of economic progress. Treasuries rose and oil slid.</p>\n<p>At 8:05 a.m. ET, Dow e-minis were down 117 points, or 0.35%, S&amp;P 500 e-minis were down 7 points, or 0.17%, and Nasdaq 100 e-minis were up 1 points, or 0.01%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f9a6ac74def9edc98b38d8fec46cd1c\" tg-width=\"1080\" tg-height=\"386\"><span>*Source From Tiger Trade, EST 08:05</span></p>\n<p>Bitcoin regained some lost ground to trade near $40,000, a day after a brutal selloff. Crypto-exchange operator Coinbase Global, miners Riot Blockchain and Marathon Digital Holdings rebounded between 2% and 5% in sympathy with the digital coin.</p>\n<p>Economic data before the opening bell is likely to show the number of Americans filing for unemployment benefits fell to 450,000 in the week ended May 15, down for the third straight time in what could be the latest evidence of U.S. worker shortage.</p>\n<p><b>Stocks making the biggest moves in the premarket:</b></p>\n<p><b>Virgin Galactic&nbsp;</b><b>(SPCE) </b>– Virgin Galactic shares surged 25% in the premarket after the space travel company said&nbsp;the next test flight&nbsp;of its SpaceShipTwo Unity will occur on May 22. Virgin Galactic said a maintenance review on VMS Eve – the mothership which will carry SpaceShipTwo Unity to altitude – had been completed.</p>\n<p><b>Coinbase&nbsp;</b><b>(COIN)</b> – Coinbase is on watch after the cryptocurrency exchange operator’s shares fell for the past six days in a row, now down more than 40% from its initial trade on April 14, the day it went public. Wedbush initiated coverage on the stock with an “outperform” rating, citing strong cryptocurrency adoption. Its shares rose 2% in premarket action.</p>\n<p><b>Cisco Systems&nbsp;</b><b>(CSCO) </b>– Cisco beat estimates by a penny a share, with quarterly earnings of 83 cents per share. The networking equipment maker’s revenue also topped Wall Street forecasts, however Cisco issued weaker-than-expected current-quarter guidance. The company said its profit margins are under pressure from supply chain challenges. Cisco’s shares tumbled 5.6% in premarket trading.</p>\n<p><b>Squarespace&nbsp;</b><b>(SQSP)</b> – Squarespace remains on watch after the website hosting company’s stock fell during its first trading day. Squarespace went public via direct listing, with a reference price of $50 and initial trading at $48, but the value was below where it had been during a private stock sale earlier this year.</p>\n<p><b>Hormel Foods&nbsp;</b><b>(HRL) </b>– Hormel reported quarterly earnings of 42 cents per share, a penny a share above estimates. The food producer's revenue also came in above analysts' projections. The company behind brands like Spam, Dinty Moore and Jennie-O said demand in its various channels remains elevated compared to pre-pandemic levels.</p>\n<p><b>BJ’s Wholesale&nbsp;</b><b>(BJ)</b> – The warehouse retailer reported quarterly earnings of 72 cents per share, 15 cents a share above estimates. Revenue beat estimates as well. The retailer’s comparable-store sales ex-fuel fell by 5%, but that was smaller than the 8.3% drop predicted by analysts who were surveyed by FactSet. BJ’s also said that the rest of 2021 remains difficult to forecast. Its shares sank 4.3% in premarket trading.</p>\n<p><b>Kohl’s&nbsp;</b><b>(KSS)</b> – Kohl’s shares fell 6% in premarket action, despite beats on both the top and bottom lines for its latest quarter. Kohl’s&nbsp;earned $1.05 per share, compared to a 4 cents a share consensus estimate. Revenue topped forecasts and the retailer also raised its outlook.</p>\n<p><b>Petco&nbsp;</b><b>(WOOF) </b>– Petco fell 3.3% in premarket action, after reporting quarterly earnings of 17 cents per share compared to a consensus estimate of 9 cents a share. The pet products retailer’s revenue also beat Wall Street forecasts, and it raised its full-year outlook.</p>\n<p><b>L Brands&nbsp;</b><b>(LB) </b>– L Brands came in 4 cents a share above estimates, with quarterly profit of $1.25 per share. Revenue came in very slightly above consensus. Comparable-store sales at its Victoria’s Secret unit jumped 25%, while Bath &amp; Body Works saw a same-store sales increase of 16%. The company is not providing guidance for the full year, and also said it is targeting the completion of its split into two separate companies for August. The company’s shares fell 1.5% in premarket action.</p>\n<p><b>Synopsys&nbsp;</b><b>(SNPS) </b>– Synopsys shares rose 1.7 % in the premarket after it beat top and bottom line estimates for its latest quarter, with profits nearly doubling from a year ago for the maker of semiconductor testing and design software. The company said demand is strong and that it foresees a new wave of growth ahead.</p>\n<p><b>Shoe Carnival&nbsp;</b><b>(SCVL)</b> – Shoe Carnival shares slid 5.9% in premarket trading after the footwear retailer predicted a drop in current-quarter sales compared to a year ago. The company did not provide an outlook for the second half of the year, citing supply chain issues and other potential uncertainties.</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>Toplines Before US Market Open on Thursday</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\">\nToplines Before US Market Open on Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-20 20:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>U.S. Futures Fall as Stocks Mixed</li>\n</ul>\n<ul>\n <li>Cisco drops while&nbsp;Virgin Galactic&nbsp;surged&nbsp;in U.S. premarket trading; Bitcoin rises</li>\n</ul>\n<p>U.S. futures fell and stocks were mixed Thursday as investors weighed the prospect of reduced stimulus against signs of economic progress. Treasuries rose and oil slid.</p>\n<p>At 8:05 a.m. ET, Dow e-minis were down 117 points, or 0.35%, S&amp;P 500 e-minis were down 7 points, or 0.17%, and Nasdaq 100 e-minis were up 1 points, or 0.01%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f9a6ac74def9edc98b38d8fec46cd1c\" tg-width=\"1080\" tg-height=\"386\"><span>*Source From Tiger Trade, EST 08:05</span></p>\n<p>Bitcoin regained some lost ground to trade near $40,000, a day after a brutal selloff. Crypto-exchange operator Coinbase Global, miners Riot Blockchain and Marathon Digital Holdings rebounded between 2% and 5% in sympathy with the digital coin.</p>\n<p>Economic data before the opening bell is likely to show the number of Americans filing for unemployment benefits fell to 450,000 in the week ended May 15, down for the third straight time in what could be the latest evidence of U.S. worker shortage.</p>\n<p><b>Stocks making the biggest moves in the premarket:</b></p>\n<p><b>Virgin Galactic&nbsp;</b><b>(SPCE) </b>– Virgin Galactic shares surged 25% in the premarket after the space travel company said&nbsp;the next test flight&nbsp;of its SpaceShipTwo Unity will occur on May 22. Virgin Galactic said a maintenance review on VMS Eve – the mothership which will carry SpaceShipTwo Unity to altitude – had been completed.</p>\n<p><b>Coinbase&nbsp;</b><b>(COIN)</b> – Coinbase is on watch after the cryptocurrency exchange operator’s shares fell for the past six days in a row, now down more than 40% from its initial trade on April 14, the day it went public. Wedbush initiated coverage on the stock with an “outperform” rating, citing strong cryptocurrency adoption. Its shares rose 2% in premarket action.</p>\n<p><b>Cisco Systems&nbsp;</b><b>(CSCO) </b>– Cisco beat estimates by a penny a share, with quarterly earnings of 83 cents per share. The networking equipment maker’s revenue also topped Wall Street forecasts, however Cisco issued weaker-than-expected current-quarter guidance. The company said its profit margins are under pressure from supply chain challenges. Cisco’s shares tumbled 5.6% in premarket trading.</p>\n<p><b>Squarespace&nbsp;</b><b>(SQSP)</b> – Squarespace remains on watch after the website hosting company’s stock fell during its first trading day. Squarespace went public via direct listing, with a reference price of $50 and initial trading at $48, but the value was below where it had been during a private stock sale earlier this year.</p>\n<p><b>Hormel Foods&nbsp;</b><b>(HRL) </b>– Hormel reported quarterly earnings of 42 cents per share, a penny a share above estimates. The food producer's revenue also came in above analysts' projections. The company behind brands like Spam, Dinty Moore and Jennie-O said demand in its various channels remains elevated compared to pre-pandemic levels.</p>\n<p><b>BJ’s Wholesale&nbsp;</b><b>(BJ)</b> – The warehouse retailer reported quarterly earnings of 72 cents per share, 15 cents a share above estimates. Revenue beat estimates as well. The retailer’s comparable-store sales ex-fuel fell by 5%, but that was smaller than the 8.3% drop predicted by analysts who were surveyed by FactSet. BJ’s also said that the rest of 2021 remains difficult to forecast. Its shares sank 4.3% in premarket trading.</p>\n<p><b>Kohl’s&nbsp;</b><b>(KSS)</b> – Kohl’s shares fell 6% in premarket action, despite beats on both the top and bottom lines for its latest quarter. Kohl’s&nbsp;earned $1.05 per share, compared to a 4 cents a share consensus estimate. Revenue topped forecasts and the retailer also raised its outlook.</p>\n<p><b>Petco&nbsp;</b><b>(WOOF) </b>– Petco fell 3.3% in premarket action, after reporting quarterly earnings of 17 cents per share compared to a consensus estimate of 9 cents a share. The pet products retailer’s revenue also beat Wall Street forecasts, and it raised its full-year outlook.</p>\n<p><b>L Brands&nbsp;</b><b>(LB) </b>– L Brands came in 4 cents a share above estimates, with quarterly profit of $1.25 per share. Revenue came in very slightly above consensus. Comparable-store sales at its Victoria’s Secret unit jumped 25%, while Bath &amp; Body Works saw a same-store sales increase of 16%. The company is not providing guidance for the full year, and also said it is targeting the completion of its split into two separate companies for August. The company’s shares fell 1.5% in premarket action.</p>\n<p><b>Synopsys&nbsp;</b><b>(SNPS) </b>– Synopsys shares rose 1.7 % in the premarket after it beat top and bottom line estimates for its latest quarter, with profits nearly doubling from a year ago for the maker of semiconductor testing and design software. The company said demand is strong and that it foresees a new wave of growth ahead.</p>\n<p><b>Shoe Carnival&nbsp;</b><b>(SCVL)</b> – Shoe Carnival shares slid 5.9% in premarket trading after the footwear retailer predicted a drop in current-quarter sales compared to a year ago. The company did not provide an outlook for the second half of the year, citing supply chain issues and other potential uncertainties.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉",".DJI":"道琼斯","CSCO":"思科","HRL":"荷美尔",".IXIC":"NASDAQ Composite","BJ":"BJ批发俱乐部","WOOF":"Petco Health and Wellness Company, Inc.","COIN":"Coinbase Global, Inc.","SPCE":"维珍银河",".SPX":"S&P 500 Index","KSS":"柯尔百货","SQSP":"Squarespace Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194998187","content_text":"U.S. Futures Fall as Stocks Mixed\n\n\nCisco drops while Virgin Galactic surged in U.S. premarket trading; Bitcoin rises\n\nU.S. futures fell and stocks were mixed Thursday as investors weighed the prospect of reduced stimulus against signs of economic progress. Treasuries rose and oil slid.\nAt 8:05 a.m. ET, Dow e-minis were down 117 points, or 0.35%, S&P 500 e-minis were down 7 points, or 0.17%, and Nasdaq 100 e-minis were up 1 points, or 0.01%.\n*Source From Tiger Trade, EST 08:05\nBitcoin regained some lost ground to trade near $40,000, a day after a brutal selloff. Crypto-exchange operator Coinbase Global, miners Riot Blockchain and Marathon Digital Holdings rebounded between 2% and 5% in sympathy with the digital coin.\nEconomic data before the opening bell is likely to show the number of Americans filing for unemployment benefits fell to 450,000 in the week ended May 15, down for the third straight time in what could be the latest evidence of U.S. worker shortage.\nStocks making the biggest moves in the premarket:\nVirgin Galactic (SPCE) – Virgin Galactic shares surged 25% in the premarket after the space travel company said the next test flight of its SpaceShipTwo Unity will occur on May 22. Virgin Galactic said a maintenance review on VMS Eve – the mothership which will carry SpaceShipTwo Unity to altitude – had been completed.\nCoinbase (COIN) – Coinbase is on watch after the cryptocurrency exchange operator’s shares fell for the past six days in a row, now down more than 40% from its initial trade on April 14, the day it went public. Wedbush initiated coverage on the stock with an “outperform” rating, citing strong cryptocurrency adoption. Its shares rose 2% in premarket action.\nCisco Systems (CSCO) – Cisco beat estimates by a penny a share, with quarterly earnings of 83 cents per share. The networking equipment maker’s revenue also topped Wall Street forecasts, however Cisco issued weaker-than-expected current-quarter guidance. The company said its profit margins are under pressure from supply chain challenges. Cisco’s shares tumbled 5.6% in premarket trading.\nSquarespace (SQSP) – Squarespace remains on watch after the website hosting company’s stock fell during its first trading day. Squarespace went public via direct listing, with a reference price of $50 and initial trading at $48, but the value was below where it had been during a private stock sale earlier this year.\nHormel Foods (HRL) – Hormel reported quarterly earnings of 42 cents per share, a penny a share above estimates. The food producer's revenue also came in above analysts' projections. The company behind brands like Spam, Dinty Moore and Jennie-O said demand in its various channels remains elevated compared to pre-pandemic levels.\nBJ’s Wholesale (BJ) – The warehouse retailer reported quarterly earnings of 72 cents per share, 15 cents a share above estimates. Revenue beat estimates as well. The retailer’s comparable-store sales ex-fuel fell by 5%, but that was smaller than the 8.3% drop predicted by analysts who were surveyed by FactSet. BJ’s also said that the rest of 2021 remains difficult to forecast. Its shares sank 4.3% in premarket trading.\nKohl’s (KSS) – Kohl’s shares fell 6% in premarket action, despite beats on both the top and bottom lines for its latest quarter. Kohl’s earned $1.05 per share, compared to a 4 cents a share consensus estimate. Revenue topped forecasts and the retailer also raised its outlook.\nPetco (WOOF) – Petco fell 3.3% in premarket action, after reporting quarterly earnings of 17 cents per share compared to a consensus estimate of 9 cents a share. The pet products retailer’s revenue also beat Wall Street forecasts, and it raised its full-year outlook.\nL Brands (LB) – L Brands came in 4 cents a share above estimates, with quarterly profit of $1.25 per share. Revenue came in very slightly above consensus. Comparable-store sales at its Victoria’s Secret unit jumped 25%, while Bath & Body Works saw a same-store sales increase of 16%. The company is not providing guidance for the full year, and also said it is targeting the completion of its split into two separate companies for August. The company’s shares fell 1.5% in premarket action.\nSynopsys (SNPS) – Synopsys shares rose 1.7 % in the premarket after it beat top and bottom line estimates for its latest quarter, with profits nearly doubling from a year ago for the maker of semiconductor testing and design software. The company said demand is strong and that it foresees a new wave of growth ahead.\nShoe Carnival (SCVL) – Shoe Carnival shares slid 5.9% in premarket trading after the footwear retailer predicted a drop in current-quarter sales compared to a year ago. The company did not provide an outlook for the second half of the year, citing supply chain issues and other potential uncertainties.","news_type":1},"isVote":1,"tweetType":1,"viewCount":150,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192533521,"gmtCreate":1621215096863,"gmtModify":1704354015038,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>Up up up","listText":"<a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>Up up up","text":"$AMD(AMD)$Up up up","images":[{"img":"https://static.tigerbbs.com/51b6aa531b5dc1851b99a7db7ef3bb6e","width":"1284","height":"2457"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192533521","isVote":1,"tweetType":1,"viewCount":208,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":166841250,"gmtCreate":1624003881270,"gmtModify":1703826288220,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"Wow, one news release&nbsp;","listText":"Wow, one news release&nbsp;","text":"Wow, one news release","images":[{"img":"https://static.tigerbbs.com/c421242ff9b4ec591f0197cb47359c0c","width":"1125","height":"3055"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166841250","isVote":1,"tweetType":1,"viewCount":184,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":118009118,"gmtCreate":1622705122834,"gmtModify":1704189282118,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"Has potential?&nbsp;","listText":"Has potential?&nbsp;","text":"Has potential?","images":[{"img":"https://static.tigerbbs.com/50497eea16bd22d473326de4bd2b4063","width":"1125","height":"3291"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/118009118","isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":119206505,"gmtCreate":1622546780707,"gmtModify":1704186032113,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"What do you guys think about this?&nbsp;","listText":"What do you guys think about this?&nbsp;","text":"What do you guys think about this?","images":[{"img":"https://static.tigerbbs.com/ecae71f45bb7962cd2bacc5409445ad3","width":"1125","height":"3055"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/119206505","isVote":1,"tweetType":1,"viewCount":268,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":119622672,"gmtCreate":1622543869596,"gmtModify":1704185975746,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>Went in today let’s see how it goes&nbsp;","listText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>Went in today let’s see how it goes&nbsp;","text":"$XPeng Inc.(XPEV)$Went in today let’s see how it goes","images":[{"img":"https://static.tigerbbs.com/69800547743b9802cee797cc9640cfee","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/119622672","isVote":1,"tweetType":1,"viewCount":252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":135934307,"gmtCreate":1622125539809,"gmtModify":1704179967475,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"How’s this stock?","listText":"How’s this stock?","text":"How’s this stock?","images":[{"img":"https://static.tigerbbs.com/51b34a1a471959f9910bfcc07113c7bb","width":"1125","height":"3121"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135934307","isVote":1,"tweetType":1,"viewCount":242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":135935651,"gmtCreate":1622125512773,"gmtModify":1704179966175,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SPCE\">$Virgin Galactic(SPCE)$</a>Literal rocket ship","listText":"<a href=\"https://laohu8.com/S/SPCE\">$Virgin Galactic(SPCE)$</a>Literal rocket ship","text":"$Virgin Galactic(SPCE)$Literal rocket ship","images":[{"img":"https://static.tigerbbs.com/fa1283ff186039a04454a8ef36358f5a","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135935651","isVote":1,"tweetType":1,"viewCount":324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":136494226,"gmtCreate":1622034342165,"gmtModify":1704178198960,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"How about Corning?&nbsp;","listText":"How about Corning?&nbsp;","text":"How about Corning?","images":[{"img":"https://static.tigerbbs.com/820defe633a8e2611d3d3250e3c63f50","width":"1125","height":"3055"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/136494226","isVote":1,"tweetType":1,"viewCount":347,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":136571564,"gmtCreate":1622032657858,"gmtModify":1704178164967,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SPCE\">$Virgin Galactic(SPCE)$</a>How will it do today?","listText":"<a href=\"https://laohu8.com/S/SPCE\">$Virgin Galactic(SPCE)$</a>How will it do today?","text":"$Virgin Galactic(SPCE)$How will it do today?","images":[{"img":"https://static.tigerbbs.com/dd2462b92cb7b6e2af7df5425e461d3f","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/136571564","isVote":1,"tweetType":1,"viewCount":208,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":138678273,"gmtCreate":1621938637492,"gmtModify":1704364768691,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Excited for market opening!&nbsp;","listText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Excited for market opening!&nbsp;","text":"$SEA LTD(SE)$Excited for market opening!","images":[{"img":"https://static.tigerbbs.com/3e56e3319a795ea63187593380afd61b","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138678273","isVote":1,"tweetType":1,"viewCount":516,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":130134405,"gmtCreate":1621518398607,"gmtModify":1704358947801,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Gogogogo! ?","listText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Gogogogo! ?","text":"$SEA LTD(SE)$Gogogogo! ?","images":[{"img":"https://static.tigerbbs.com/1f32819e9258abb52c073da8a07762df","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/130134405","isVote":1,"tweetType":1,"viewCount":240,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}