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2021-08-16
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5 Stocks To Watch For August 16, 2021
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ANALYSIS-Valuing China assets no easy task after $1 trillion wipeout
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Close to $1 trillion in market value has been wiped off China Inc since February.</p>\n<p>For big firms that also list on markets like Wall Street because it brings in international investment, 2021 is already the worst year since the global financial crisis.</p>\n<p>It could spring back of course, but there’s the rub. Many analysts are convinced things will settle, but only the Beijing ruling elite know if and when that might be.</p>\n<p>“Investors have been jolted,” said Paul O’Connor, head of multi-asset at Janus Henderson.</p>\n<p>“This will weigh heavily on the outlook for profits, valuations and investor sentiment in China.”</p>\n<p><b>But by how much?</b></p>\n<p>Morgan Stanley estimates MSCI China, which has seen one of its biggest lags on record versus world stocks this year, now trades at 13.9 times 12-month forward price-to-earnings, a 5% premium over MSCI’s broader emerging market benchmark.</p>\n<p>That compares to about 17 times at the start of the year. It could get down to 13 times, says Morgan Stanley.</p>\n<p>Analysts bullish on Chinese stocks heading into the tumult are now assessing the damage.</p>\n<p>In March, before the latest crackdown, the average consensus 12 month share price target for stocks in the MSCI China Index, was about 40% higher than a year earlier.</p>\n<p>The majority of analysts rate giants Alibaba Group Holdings and Tencent Holdings at least a “buy”, according to Refinitiv data, while most recommend a “hold” or “buy” for New Oriental Education & Technology Group, whose stock has tumbled close to 90% this year.</p>\n<p>“The process of earnings downgrades and ratings downgrades has barely started,” said Janus Henderson’s O’Connor.</p>\n<p>Evergrande Property Services, part of China’s most indebted property developer, has already lost more than half of its market capitalisation from the peak. The share price is currently trading around 13 times forward price-to-earnings multiples, significantly lower than peers.</p>\n<p><b>PROBLEMS VS POSSIBILITIES</b></p>\n<p>Having pumped in more than $800 billion over the past five years, investors are not about to fold their bets that China will offer the biggest boost to global financial markets in the decades to come.</p>\n<p>And while they acknowledge the changes are part of a broader plan to make economic growth more inclusive in the long run, they are mindful that future returns will depend much more on careful assessment of risk.</p>\n<p>“It’s important to distinguish between what is really volatility or noise and what is here to stay,” said Michael Bolliger, chief investment officer, emerging markets, at UBS Global Wealth Management.</p>\n<p>While some damaged sectors are likely to bounce back over time, others, like tutoring, which the government now wants to be non profit making, almost certainly won’t.</p>\n<p>“They changed almost the DNA of these companies,” said Bolliger.</p>\n<p>The hit has been painful. EPFR data shows around $2 billion was pulled out of equity funds with significant China exposure in the first week of this month alone. Morningstar figures point to China-focused funds nursing at least 7% negative returns. For context, they made around 13% on average for the past five years.</p>\n<p><b>BUST OR BOON?</b></p>\n<p>It has not only been stocks that have suffered.</p>\n<p>China’s giant bond markets have been roiled by debt crises besetting firms such as Huarong and Evergrande, with the latter’s problems coming as the government seeks to slash leverage in the property sector.</p>\n<p>Here the moves point to rising distress. Chinese credit’s Z-score, a measure of market volatility, reached 0.7 standard deviations above its 15-year mean last month, from 1.8 in January.</p>\n<p>Typically, a score below 1.8 suggests looming bankruptcy.</p>\n<p>“Will the government allow these property developers to default and have a big debt crisis? I find it very unlikely,” said Gustavo Medeiros, Ashmore Group’s deputy head of research.</p>\n<p>Widening spread differentials have historically offered an attractive entry point, said Michele Barlow, SSGA’s Asia-Pacific head of investment strategy and research. But there’s still caution.</p>\n<p>“Investors will have to change their style of investing from being focused on yields to one based on fundamental analysis,” said Shamaila Khan, AllianceBernstein’s head of EM debt on the Global Markets Forum.</p>\n<p>And it may also put Chinese assets on a more sustainable footing, supporting earnings in the long-run.</p>\n<p>Having been on the receiving end of China’s tumble this year, Hans Peterson, global head of asset allocation at SEB Investment Management, is staying in and may add if Beijing and the central bank signal fresh stimulus.</p>\n<p>“It is good to keep an eye on the possibilities in China, rather than the problems,” he said.</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>ANALYSIS-Valuing China assets no easy task after $1 trillion wipeout</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\">\nANALYSIS-Valuing China assets no easy task after $1 trillion wipeout\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-16 16:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>China stocks go from EM leaders to laggards</li>\n <li>Analysts bullish on China heading into tumult</li>\n <li>MSCI China adjusted to 13.9 times P/E -MS</li>\n <li>Online insurers latest in cross-hairs</li>\n <li>Average 2021 returns -7% for China equity funds</li>\n <li>More distress evident in China credit</li>\n</ul>\n<p>LONDON, Aug 16 (Reuters) - Any veteran investor will tell you that financial markets overshoot when trouble hits, but what if that market is the world’s second-largest economy and the government has decided the rules of the game have changed?</p>\n<p>China's months-long regulatory crackdownherehas included big names in e-commerce, the gig economy, exam cramming and most recently online insurance. Close to $1 trillion in market value has been wiped off China Inc since February.</p>\n<p>For big firms that also list on markets like Wall Street because it brings in international investment, 2021 is already the worst year since the global financial crisis.</p>\n<p>It could spring back of course, but there’s the rub. Many analysts are convinced things will settle, but only the Beijing ruling elite know if and when that might be.</p>\n<p>“Investors have been jolted,” said Paul O’Connor, head of multi-asset at Janus Henderson.</p>\n<p>“This will weigh heavily on the outlook for profits, valuations and investor sentiment in China.”</p>\n<p><b>But by how much?</b></p>\n<p>Morgan Stanley estimates MSCI China, which has seen one of its biggest lags on record versus world stocks this year, now trades at 13.9 times 12-month forward price-to-earnings, a 5% premium over MSCI’s broader emerging market benchmark.</p>\n<p>That compares to about 17 times at the start of the year. It could get down to 13 times, says Morgan Stanley.</p>\n<p>Analysts bullish on Chinese stocks heading into the tumult are now assessing the damage.</p>\n<p>In March, before the latest crackdown, the average consensus 12 month share price target for stocks in the MSCI China Index, was about 40% higher than a year earlier.</p>\n<p>The majority of analysts rate giants Alibaba Group Holdings and Tencent Holdings at least a “buy”, according to Refinitiv data, while most recommend a “hold” or “buy” for New Oriental Education & Technology Group, whose stock has tumbled close to 90% this year.</p>\n<p>“The process of earnings downgrades and ratings downgrades has barely started,” said Janus Henderson’s O’Connor.</p>\n<p>Evergrande Property Services, part of China’s most indebted property developer, has already lost more than half of its market capitalisation from the peak. The share price is currently trading around 13 times forward price-to-earnings multiples, significantly lower than peers.</p>\n<p><b>PROBLEMS VS POSSIBILITIES</b></p>\n<p>Having pumped in more than $800 billion over the past five years, investors are not about to fold their bets that China will offer the biggest boost to global financial markets in the decades to come.</p>\n<p>And while they acknowledge the changes are part of a broader plan to make economic growth more inclusive in the long run, they are mindful that future returns will depend much more on careful assessment of risk.</p>\n<p>“It’s important to distinguish between what is really volatility or noise and what is here to stay,” said Michael Bolliger, chief investment officer, emerging markets, at UBS Global Wealth Management.</p>\n<p>While some damaged sectors are likely to bounce back over time, others, like tutoring, which the government now wants to be non profit making, almost certainly won’t.</p>\n<p>“They changed almost the DNA of these companies,” said Bolliger.</p>\n<p>The hit has been painful. EPFR data shows around $2 billion was pulled out of equity funds with significant China exposure in the first week of this month alone. Morningstar figures point to China-focused funds nursing at least 7% negative returns. For context, they made around 13% on average for the past five years.</p>\n<p><b>BUST OR BOON?</b></p>\n<p>It has not only been stocks that have suffered.</p>\n<p>China’s giant bond markets have been roiled by debt crises besetting firms such as Huarong and Evergrande, with the latter’s problems coming as the government seeks to slash leverage in the property sector.</p>\n<p>Here the moves point to rising distress. Chinese credit’s Z-score, a measure of market volatility, reached 0.7 standard deviations above its 15-year mean last month, from 1.8 in January.</p>\n<p>Typically, a score below 1.8 suggests looming bankruptcy.</p>\n<p>“Will the government allow these property developers to default and have a big debt crisis? I find it very unlikely,” said Gustavo Medeiros, Ashmore Group’s deputy head of research.</p>\n<p>Widening spread differentials have historically offered an attractive entry point, said Michele Barlow, SSGA’s Asia-Pacific head of investment strategy and research. But there’s still caution.</p>\n<p>“Investors will have to change their style of investing from being focused on yields to one based on fundamental analysis,” said Shamaila Khan, AllianceBernstein’s head of EM debt on the Global Markets Forum.</p>\n<p>And it may also put Chinese assets on a more sustainable footing, supporting earnings in the long-run.</p>\n<p>Having been on the receiving end of China’s tumble this year, Hans Peterson, global head of asset allocation at SEB Investment Management, is staying in and may add if Beijing and the central bank signal fresh stimulus.</p>\n<p>“It is good to keep an eye on the possibilities in China, rather than the problems,” he said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126883057","content_text":"China stocks go from EM leaders to laggards\nAnalysts bullish on China heading into tumult\nMSCI China adjusted to 13.9 times P/E -MS\nOnline insurers latest in cross-hairs\nAverage 2021 returns -7% for China equity funds\nMore distress evident in China credit\n\nLONDON, Aug 16 (Reuters) - Any veteran investor will tell you that financial markets overshoot when trouble hits, but what if that market is the world’s second-largest economy and the government has decided the rules of the game have changed?\nChina's months-long regulatory crackdownherehas included big names in e-commerce, the gig economy, exam cramming and most recently online insurance. Close to $1 trillion in market value has been wiped off China Inc since February.\nFor big firms that also list on markets like Wall Street because it brings in international investment, 2021 is already the worst year since the global financial crisis.\nIt could spring back of course, but there’s the rub. Many analysts are convinced things will settle, but only the Beijing ruling elite know if and when that might be.\n“Investors have been jolted,” said Paul O’Connor, head of multi-asset at Janus Henderson.\n“This will weigh heavily on the outlook for profits, valuations and investor sentiment in China.”\nBut by how much?\nMorgan Stanley estimates MSCI China, which has seen one of its biggest lags on record versus world stocks this year, now trades at 13.9 times 12-month forward price-to-earnings, a 5% premium over MSCI’s broader emerging market benchmark.\nThat compares to about 17 times at the start of the year. It could get down to 13 times, says Morgan Stanley.\nAnalysts bullish on Chinese stocks heading into the tumult are now assessing the damage.\nIn March, before the latest crackdown, the average consensus 12 month share price target for stocks in the MSCI China Index, was about 40% higher than a year earlier.\nThe majority of analysts rate giants Alibaba Group Holdings and Tencent Holdings at least a “buy”, according to Refinitiv data, while most recommend a “hold” or “buy” for New Oriental Education & Technology Group, whose stock has tumbled close to 90% this year.\n“The process of earnings downgrades and ratings downgrades has barely started,” said Janus Henderson’s O’Connor.\nEvergrande Property Services, part of China’s most indebted property developer, has already lost more than half of its market capitalisation from the peak. The share price is currently trading around 13 times forward price-to-earnings multiples, significantly lower than peers.\nPROBLEMS VS POSSIBILITIES\nHaving pumped in more than $800 billion over the past five years, investors are not about to fold their bets that China will offer the biggest boost to global financial markets in the decades to come.\nAnd while they acknowledge the changes are part of a broader plan to make economic growth more inclusive in the long run, they are mindful that future returns will depend much more on careful assessment of risk.\n“It’s important to distinguish between what is really volatility or noise and what is here to stay,” said Michael Bolliger, chief investment officer, emerging markets, at UBS Global Wealth Management.\nWhile some damaged sectors are likely to bounce back over time, others, like tutoring, which the government now wants to be non profit making, almost certainly won’t.\n“They changed almost the DNA of these companies,” said Bolliger.\nThe hit has been painful. EPFR data shows around $2 billion was pulled out of equity funds with significant China exposure in the first week of this month alone. Morningstar figures point to China-focused funds nursing at least 7% negative returns. For context, they made around 13% on average for the past five years.\nBUST OR BOON?\nIt has not only been stocks that have suffered.\nChina’s giant bond markets have been roiled by debt crises besetting firms such as Huarong and Evergrande, with the latter’s problems coming as the government seeks to slash leverage in the property sector.\nHere the moves point to rising distress. Chinese credit’s Z-score, a measure of market volatility, reached 0.7 standard deviations above its 15-year mean last month, from 1.8 in January.\nTypically, a score below 1.8 suggests looming bankruptcy.\n“Will the government allow these property developers to default and have a big debt crisis? I find it very unlikely,” said Gustavo Medeiros, Ashmore Group’s deputy head of research.\nWidening spread differentials have historically offered an attractive entry point, said Michele Barlow, SSGA’s Asia-Pacific head of investment strategy and research. But there’s still caution.\n“Investors will have to change their style of investing from being focused on yields to one based on fundamental analysis,” said Shamaila Khan, AllianceBernstein’s head of EM debt on the Global Markets Forum.\nAnd it may also put Chinese assets on a more sustainable footing, supporting earnings in the long-run.\nHaving been on the receiving end of China’s tumble this year, Hans Peterson, global head of asset allocation at SEB Investment Management, is staying in and may add if Beijing and the central bank signal fresh stimulus.\n“It is good to keep an eye on the possibilities in China, rather than the problems,” he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839021910,"gmtCreate":1629108844130,"gmtModify":1676529932745,"author":{"id":"3585127152124921","authorId":"3585127152124921","authorIdStr":"3585127152124921","name":"OMFGninja","avatar":"https://static.tigerbbs.com/e9c12f7b2f64319845f663a079612e8c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585127152124921"},"themes":[],"htmlText":"interesting...","listText":"interesting...","text":"interesting...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839021910","repostId":"1170908292","repostType":4,"repost":{"id":"1170908292","pubTimestamp":1629105320,"share":"https://ttm.financial/m/news/1170908292?lang=&edition=fundamental","pubTime":"2021-08-16 17:15","market":"us","language":"en","title":"Zhihu ADR EPS in-line, beats on revenue","url":"https://stock-news.laohu8.com/highlight/detail?id=1170908292","media":"seekingalpha","summary":"(Aug 16) Zhihu ADR(NYSE:ZH): Q2 GAAP EPS of -$0.08 in-line.\nRevenue of $98.9M (+144.2% Y/Y) beats by","content":"<p>(Aug 16) <a href=\"https://laohu8.com/S/ZH\">Zhihu</a> ADR(NYSE:ZH): <a href=\"https://laohu8.com/S/QTWO\">Q2</a> GAAP EPS of -$0.08 in-line.</p>\n<p>Revenue of $98.9M (+144.2% Y/Y) beats by $1.76M.</p>\n<p>Zhihu fell nearly 6% in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/af0c95febe2e1154fd515cd5c8185a97\" tg-width=\"1129\" tg-height=\"653\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Second Quarter 2021 Highlights</b></p>\n<ul>\n <li>Average monthly active users (MAUs)[1]reached 94.3 million in the second quarter of 2021, representing a growth of 46.2% over the second quarter of 2020.</li>\n <li>Average monthly paying members[2] reached 4.7 million in the second quarter of 2021, representing a growth of 121.1% over the second quarter of 2020.</li>\n <li>Total revenues were RMB638.4 million (US$98.9 million) in the second quarter of 2021, representing a growth of 144.2% over the second quarter of 2020.</li>\n <li>Gross profit was RMB376.6 million (US$58.3 million) in the second quarter of 2021, representing a growth of 197.9% over the second quarter of 2020.</li>\n <li>Gross margin increased to 59.0% in the second quarter of 2021 from 48.4% in the same period of last year.</li>\n</ul>\n<p>\"We are delighted to report another strong quarter, with solid growth in both operating and financial performance. We believe our founding belief, establishing a content-centric ecosystem and sustainable commercialization model, is the fundamental driver behind our achievements as a company. We continued to strive towards this goal in the quarter, by optimizing our content structure and refining our evaluation standards for quality content, thereby enhancing a \"sense of fulfilment\" for our users. We believe such quality content will broaden horizons, provide resolutions and resonate with minds. We further believe this \"sense of fulfilment\" will not only strengthen trust amongst users, content creators and our platform, but will also be a key element that will enhance our unique position in the market and further solidify our leadership position in the long-term.\" said Mr.Yuan Zhou, Chairman of the Board and Chief Executive Officer of Zhihu.</p>\n<p>Mr.Wei Sun, Chief Financial Officer of Zhihu, added, \"We have continued to deliver outstanding operating and financial results in the second quarter of 2021. In the quarter, our user base continued its rapid growth, with average MAUs increasing by 46% year-over-year to 94.3 million. Our content-centric monetization also enjoyed robust enhancement, yielding a 144% year-over-year growth in revenue. Our revenue structure diversified further in the quarter with a higher percentage of revenue coming from content-commerce solutions and paid memberships. At the same time, our gross margin remained strong at 59% for the quarter, compared with 48% for the same period last year, which significantly reinforces our strong capability in upgrading our content infrastructure and allows us to continue creating long-term value for our users, business partners and shareholders.\"</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>Zhihu ADR EPS in-line, beats on revenue</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\">\nZhihu ADR EPS in-line, beats on revenue\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-16 17:15 GMT+8 <a href=https://seekingalpha.com/news/3730581-zhihu-adr-eps-in-line-beats-on-revenue><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Aug 16) Zhihu ADR(NYSE:ZH): Q2 GAAP EPS of -$0.08 in-line.\nRevenue of $98.9M (+144.2% Y/Y) beats by $1.76M.\nZhihu fell nearly 6% in premarket trading.\n\nSecond Quarter 2021 Highlights\n\nAverage monthly...</p>\n\n<a href=\"https://seekingalpha.com/news/3730581-zhihu-adr-eps-in-line-beats-on-revenue\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZH":"知乎"},"source_url":"https://seekingalpha.com/news/3730581-zhihu-adr-eps-in-line-beats-on-revenue","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1170908292","content_text":"(Aug 16) Zhihu ADR(NYSE:ZH): Q2 GAAP EPS of -$0.08 in-line.\nRevenue of $98.9M (+144.2% Y/Y) beats by $1.76M.\nZhihu fell nearly 6% in premarket trading.\n\nSecond Quarter 2021 Highlights\n\nAverage monthly active users (MAUs)[1]reached 94.3 million in the second quarter of 2021, representing a growth of 46.2% over the second quarter of 2020.\nAverage monthly paying members[2] reached 4.7 million in the second quarter of 2021, representing a growth of 121.1% over the second quarter of 2020.\nTotal revenues were RMB638.4 million (US$98.9 million) in the second quarter of 2021, representing a growth of 144.2% over the second quarter of 2020.\nGross profit was RMB376.6 million (US$58.3 million) in the second quarter of 2021, representing a growth of 197.9% over the second quarter of 2020.\nGross margin increased to 59.0% in the second quarter of 2021 from 48.4% in the same period of last year.\n\n\"We are delighted to report another strong quarter, with solid growth in both operating and financial performance. We believe our founding belief, establishing a content-centric ecosystem and sustainable commercialization model, is the fundamental driver behind our achievements as a company. We continued to strive towards this goal in the quarter, by optimizing our content structure and refining our evaluation standards for quality content, thereby enhancing a \"sense of fulfilment\" for our users. We believe such quality content will broaden horizons, provide resolutions and resonate with minds. We further believe this \"sense of fulfilment\" will not only strengthen trust amongst users, content creators and our platform, but will also be a key element that will enhance our unique position in the market and further solidify our leadership position in the long-term.\" said Mr.Yuan Zhou, Chairman of the Board and Chief Executive Officer of Zhihu.\nMr.Wei Sun, Chief Financial Officer of Zhihu, added, \"We have continued to deliver outstanding operating and financial results in the second quarter of 2021. In the quarter, our user base continued its rapid growth, with average MAUs increasing by 46% year-over-year to 94.3 million. Our content-centric monetization also enjoyed robust enhancement, yielding a 144% year-over-year growth in revenue. Our revenue structure diversified further in the quarter with a higher percentage of revenue coming from content-commerce solutions and paid memberships. At the same time, our gross margin remained strong at 59% for the quarter, compared with 48% for the same period last year, which significantly reinforces our strong capability in upgrading our content infrastructure and allows us to continue creating long-term value for our users, business partners and shareholders.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839023556,"gmtCreate":1629108824175,"gmtModify":1676529932745,"author":{"id":"3585127152124921","authorId":"3585127152124921","authorIdStr":"3585127152124921","name":"OMFGninja","avatar":"https://static.tigerbbs.com/e9c12f7b2f64319845f663a079612e8c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585127152124921"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839023556","repostId":"1190567987","repostType":4,"repost":{"id":"1190567987","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":1629107049,"share":"https://ttm.financial/m/news/1190567987?lang=&edition=fundamental","pubTime":"2021-08-16 17:44","market":"us","language":"en","title":"5 Stocks To Watch For August 16, 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=1190567987","media":"Benzinga","summary":"Some of the stocks that may grab investor focus today are:\n\nWall Street expects Fabrinet to report q","content":"<p>Some of the stocks that may grab investor focus today are:</p>\n<ul>\n <li>Wall Street expects <b><a href=\"https://laohu8.com/S/FN\">Fabrinet</a> </b>to report quarterly earnings at $1.21 per share on revenue of $486.88 million after the closing bell. Fabrinet shares fell 1.3% to close at $90.68 on Friday.</li>\n <li><b><a href=\"https://laohu8.com/S/H\">Hyatt</a></b> announced plans to buy Apple Leisure Group from KKR & Co and KSL Capital Partners for $2.7 billion in cash. Hyatt shares slipped 0.5% to close at $72.14 on Friday.</li>\n <li>Analysts expect <b><a href=\"https://laohu8.com/S/DOYU\">DouYu</a> </b><b><b>I</b></b><b>nternational Holdings Ltd</b> to report a quarterly loss at $0.05 per share on revenue of $361.59 million before the opening bell. DouYu shares gained 0.6% to $3.47 in after-hours trading.</li>\n <li><b><a href=\"https://laohu8.com/S/JCS\">Communications</a></b> <b>Systems, Inc</b> reported a Q2 loss of $0.20 per share, versus a year-ago loss of $0.21 per share. Its consolidated sales from continuing operations rose 14% to $11.0 million. Communications Systems shares fell 0.6% to settle at $6.91 on Friday.</li>\n <li>Analysts are expecting <b><a href=\"https://laohu8.com/S/RBLX\">Roblox Corporation</a> </b>to have earned $0.23 per share on revenue of $689.85 million in the latest quarter. The company will release earnings after the markets close. Roblox shares rose 0.1% to $84.04 in after-hours trading.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>5 Stocks To Watch For August 16, 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 Stocks To Watch For August 16, 2021\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\">2021-08-16 17:44</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Some of the stocks that may grab investor focus today are:</p>\n<ul>\n <li>Wall Street expects <b><a href=\"https://laohu8.com/S/FN\">Fabrinet</a> </b>to report quarterly earnings at $1.21 per share on revenue of $486.88 million after the closing bell. Fabrinet shares fell 1.3% to close at $90.68 on Friday.</li>\n <li><b><a href=\"https://laohu8.com/S/H\">Hyatt</a></b> announced plans to buy Apple Leisure Group from KKR & Co and KSL Capital Partners for $2.7 billion in cash. Hyatt shares slipped 0.5% to close at $72.14 on Friday.</li>\n <li>Analysts expect <b><a href=\"https://laohu8.com/S/DOYU\">DouYu</a> </b><b><b>I</b></b><b>nternational Holdings Ltd</b> to report a quarterly loss at $0.05 per share on revenue of $361.59 million before the opening bell. DouYu shares gained 0.6% to $3.47 in after-hours trading.</li>\n <li><b><a href=\"https://laohu8.com/S/JCS\">Communications</a></b> <b>Systems, Inc</b> reported a Q2 loss of $0.20 per share, versus a year-ago loss of $0.21 per share. Its consolidated sales from continuing operations rose 14% to $11.0 million. Communications Systems shares fell 0.6% to settle at $6.91 on Friday.</li>\n <li>Analysts are expecting <b><a href=\"https://laohu8.com/S/RBLX\">Roblox Corporation</a> </b>to have earned $0.23 per share on revenue of $689.85 million in the latest quarter. The company will release earnings after the markets close. Roblox shares rose 0.1% to $84.04 in after-hours trading.</li>\n</ul>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RBLX":"Roblox Corporation","FN":"Fabrinet","H":"凯悦酒店","DOYU":"斗鱼"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190567987","content_text":"Some of the stocks that may grab investor focus today are:\n\nWall Street expects Fabrinet to report quarterly earnings at $1.21 per share on revenue of $486.88 million after the closing bell. Fabrinet shares fell 1.3% to close at $90.68 on Friday.\nHyatt announced plans to buy Apple Leisure Group from KKR & Co and KSL Capital Partners for $2.7 billion in cash. Hyatt shares slipped 0.5% to close at $72.14 on Friday.\nAnalysts expect DouYu International Holdings Ltd to report a quarterly loss at $0.05 per share on revenue of $361.59 million before the opening bell. DouYu shares gained 0.6% to $3.47 in after-hours trading.\nCommunications Systems, Inc reported a Q2 loss of $0.20 per share, versus a year-ago loss of $0.21 per share. Its consolidated sales from continuing operations rose 14% to $11.0 million. Communications Systems shares fell 0.6% to settle at $6.91 on Friday.\nAnalysts are expecting Roblox Corporation to have earned $0.23 per share on revenue of $689.85 million in the latest quarter. The company will release earnings after the markets close. Roblox shares rose 0.1% to $84.04 in after-hours trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":44,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":839023556,"gmtCreate":1629108824175,"gmtModify":1676529932745,"author":{"id":"3585127152124921","authorId":"3585127152124921","authorIdStr":"3585127152124921","name":"OMFGninja","avatar":"https://static.tigerbbs.com/e9c12f7b2f64319845f663a079612e8c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585127152124921"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839023556","repostId":"1190567987","repostType":4,"repost":{"id":"1190567987","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":1629107049,"share":"https://ttm.financial/m/news/1190567987?lang=&edition=fundamental","pubTime":"2021-08-16 17:44","market":"us","language":"en","title":"5 Stocks To Watch For August 16, 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=1190567987","media":"Benzinga","summary":"Some of the stocks that may grab investor focus today are:\n\nWall Street expects Fabrinet to report q","content":"<p>Some of the stocks that may grab investor focus today are:</p>\n<ul>\n <li>Wall Street expects <b><a href=\"https://laohu8.com/S/FN\">Fabrinet</a> </b>to report quarterly earnings at $1.21 per share on revenue of $486.88 million after the closing bell. Fabrinet shares fell 1.3% to close at $90.68 on Friday.</li>\n <li><b><a href=\"https://laohu8.com/S/H\">Hyatt</a></b> announced plans to buy Apple Leisure Group from KKR & Co and KSL Capital Partners for $2.7 billion in cash. Hyatt shares slipped 0.5% to close at $72.14 on Friday.</li>\n <li>Analysts expect <b><a href=\"https://laohu8.com/S/DOYU\">DouYu</a> </b><b><b>I</b></b><b>nternational Holdings Ltd</b> to report a quarterly loss at $0.05 per share on revenue of $361.59 million before the opening bell. DouYu shares gained 0.6% to $3.47 in after-hours trading.</li>\n <li><b><a href=\"https://laohu8.com/S/JCS\">Communications</a></b> <b>Systems, Inc</b> reported a Q2 loss of $0.20 per share, versus a year-ago loss of $0.21 per share. Its consolidated sales from continuing operations rose 14% to $11.0 million. Communications Systems shares fell 0.6% to settle at $6.91 on Friday.</li>\n <li>Analysts are expecting <b><a href=\"https://laohu8.com/S/RBLX\">Roblox Corporation</a> </b>to have earned $0.23 per share on revenue of $689.85 million in the latest quarter. The company will release earnings after the markets close. Roblox shares rose 0.1% to $84.04 in after-hours trading.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>5 Stocks To Watch For August 16, 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 Stocks To Watch For August 16, 2021\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\">2021-08-16 17:44</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Some of the stocks that may grab investor focus today are:</p>\n<ul>\n <li>Wall Street expects <b><a href=\"https://laohu8.com/S/FN\">Fabrinet</a> </b>to report quarterly earnings at $1.21 per share on revenue of $486.88 million after the closing bell. Fabrinet shares fell 1.3% to close at $90.68 on Friday.</li>\n <li><b><a href=\"https://laohu8.com/S/H\">Hyatt</a></b> announced plans to buy Apple Leisure Group from KKR & Co and KSL Capital Partners for $2.7 billion in cash. Hyatt shares slipped 0.5% to close at $72.14 on Friday.</li>\n <li>Analysts expect <b><a href=\"https://laohu8.com/S/DOYU\">DouYu</a> </b><b><b>I</b></b><b>nternational Holdings Ltd</b> to report a quarterly loss at $0.05 per share on revenue of $361.59 million before the opening bell. DouYu shares gained 0.6% to $3.47 in after-hours trading.</li>\n <li><b><a href=\"https://laohu8.com/S/JCS\">Communications</a></b> <b>Systems, Inc</b> reported a Q2 loss of $0.20 per share, versus a year-ago loss of $0.21 per share. Its consolidated sales from continuing operations rose 14% to $11.0 million. Communications Systems shares fell 0.6% to settle at $6.91 on Friday.</li>\n <li>Analysts are expecting <b><a href=\"https://laohu8.com/S/RBLX\">Roblox Corporation</a> </b>to have earned $0.23 per share on revenue of $689.85 million in the latest quarter. The company will release earnings after the markets close. Roblox shares rose 0.1% to $84.04 in after-hours trading.</li>\n</ul>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RBLX":"Roblox Corporation","FN":"Fabrinet","H":"凯悦酒店","DOYU":"斗鱼"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190567987","content_text":"Some of the stocks that may grab investor focus today are:\n\nWall Street expects Fabrinet to report quarterly earnings at $1.21 per share on revenue of $486.88 million after the closing bell. Fabrinet shares fell 1.3% to close at $90.68 on Friday.\nHyatt announced plans to buy Apple Leisure Group from KKR & Co and KSL Capital Partners for $2.7 billion in cash. Hyatt shares slipped 0.5% to close at $72.14 on Friday.\nAnalysts expect DouYu International Holdings Ltd to report a quarterly loss at $0.05 per share on revenue of $361.59 million before the opening bell. DouYu shares gained 0.6% to $3.47 in after-hours trading.\nCommunications Systems, Inc reported a Q2 loss of $0.20 per share, versus a year-ago loss of $0.21 per share. Its consolidated sales from continuing operations rose 14% to $11.0 million. Communications Systems shares fell 0.6% to settle at $6.91 on Friday.\nAnalysts are expecting Roblox Corporation to have earned $0.23 per share on revenue of $689.85 million in the latest quarter. The company will release earnings after the markets close. Roblox shares rose 0.1% to $84.04 in after-hours trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":44,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839028969,"gmtCreate":1629108900551,"gmtModify":1676529932779,"author":{"id":"3585127152124921","authorId":"3585127152124921","authorIdStr":"3585127152124921","name":"OMFGninja","avatar":"https://static.tigerbbs.com/e9c12f7b2f64319845f663a079612e8c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585127152124921"},"themes":[],"htmlText":"hello","listText":"hello","text":"hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839028969","repostId":"2159427092","repostType":4,"isVote":1,"tweetType":1,"viewCount":75,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839021910,"gmtCreate":1629108844130,"gmtModify":1676529932745,"author":{"id":"3585127152124921","authorId":"3585127152124921","authorIdStr":"3585127152124921","name":"OMFGninja","avatar":"https://static.tigerbbs.com/e9c12f7b2f64319845f663a079612e8c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585127152124921"},"themes":[],"htmlText":"interesting...","listText":"interesting...","text":"interesting...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839021910","repostId":"1170908292","repostType":4,"repost":{"id":"1170908292","pubTimestamp":1629105320,"share":"https://ttm.financial/m/news/1170908292?lang=&edition=fundamental","pubTime":"2021-08-16 17:15","market":"us","language":"en","title":"Zhihu ADR EPS in-line, beats on revenue","url":"https://stock-news.laohu8.com/highlight/detail?id=1170908292","media":"seekingalpha","summary":"(Aug 16) Zhihu ADR(NYSE:ZH): Q2 GAAP EPS of -$0.08 in-line.\nRevenue of $98.9M (+144.2% Y/Y) beats by","content":"<p>(Aug 16) <a href=\"https://laohu8.com/S/ZH\">Zhihu</a> ADR(NYSE:ZH): <a href=\"https://laohu8.com/S/QTWO\">Q2</a> GAAP EPS of -$0.08 in-line.</p>\n<p>Revenue of $98.9M (+144.2% Y/Y) beats by $1.76M.</p>\n<p>Zhihu fell nearly 6% in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/af0c95febe2e1154fd515cd5c8185a97\" tg-width=\"1129\" tg-height=\"653\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Second Quarter 2021 Highlights</b></p>\n<ul>\n <li>Average monthly active users (MAUs)[1]reached 94.3 million in the second quarter of 2021, representing a growth of 46.2% over the second quarter of 2020.</li>\n <li>Average monthly paying members[2] reached 4.7 million in the second quarter of 2021, representing a growth of 121.1% over the second quarter of 2020.</li>\n <li>Total revenues were RMB638.4 million (US$98.9 million) in the second quarter of 2021, representing a growth of 144.2% over the second quarter of 2020.</li>\n <li>Gross profit was RMB376.6 million (US$58.3 million) in the second quarter of 2021, representing a growth of 197.9% over the second quarter of 2020.</li>\n <li>Gross margin increased to 59.0% in the second quarter of 2021 from 48.4% in the same period of last year.</li>\n</ul>\n<p>\"We are delighted to report another strong quarter, with solid growth in both operating and financial performance. We believe our founding belief, establishing a content-centric ecosystem and sustainable commercialization model, is the fundamental driver behind our achievements as a company. We continued to strive towards this goal in the quarter, by optimizing our content structure and refining our evaluation standards for quality content, thereby enhancing a \"sense of fulfilment\" for our users. We believe such quality content will broaden horizons, provide resolutions and resonate with minds. We further believe this \"sense of fulfilment\" will not only strengthen trust amongst users, content creators and our platform, but will also be a key element that will enhance our unique position in the market and further solidify our leadership position in the long-term.\" said Mr.Yuan Zhou, Chairman of the Board and Chief Executive Officer of Zhihu.</p>\n<p>Mr.Wei Sun, Chief Financial Officer of Zhihu, added, \"We have continued to deliver outstanding operating and financial results in the second quarter of 2021. In the quarter, our user base continued its rapid growth, with average MAUs increasing by 46% year-over-year to 94.3 million. Our content-centric monetization also enjoyed robust enhancement, yielding a 144% year-over-year growth in revenue. Our revenue structure diversified further in the quarter with a higher percentage of revenue coming from content-commerce solutions and paid memberships. At the same time, our gross margin remained strong at 59% for the quarter, compared with 48% for the same period last year, which significantly reinforces our strong capability in upgrading our content infrastructure and allows us to continue creating long-term value for our users, business partners and shareholders.\"</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>Zhihu ADR EPS in-line, beats on revenue</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\">\nZhihu ADR EPS in-line, beats on revenue\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-16 17:15 GMT+8 <a href=https://seekingalpha.com/news/3730581-zhihu-adr-eps-in-line-beats-on-revenue><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Aug 16) Zhihu ADR(NYSE:ZH): Q2 GAAP EPS of -$0.08 in-line.\nRevenue of $98.9M (+144.2% Y/Y) beats by $1.76M.\nZhihu fell nearly 6% in premarket trading.\n\nSecond Quarter 2021 Highlights\n\nAverage monthly...</p>\n\n<a href=\"https://seekingalpha.com/news/3730581-zhihu-adr-eps-in-line-beats-on-revenue\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZH":"知乎"},"source_url":"https://seekingalpha.com/news/3730581-zhihu-adr-eps-in-line-beats-on-revenue","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1170908292","content_text":"(Aug 16) Zhihu ADR(NYSE:ZH): Q2 GAAP EPS of -$0.08 in-line.\nRevenue of $98.9M (+144.2% Y/Y) beats by $1.76M.\nZhihu fell nearly 6% in premarket trading.\n\nSecond Quarter 2021 Highlights\n\nAverage monthly active users (MAUs)[1]reached 94.3 million in the second quarter of 2021, representing a growth of 46.2% over the second quarter of 2020.\nAverage monthly paying members[2] reached 4.7 million in the second quarter of 2021, representing a growth of 121.1% over the second quarter of 2020.\nTotal revenues were RMB638.4 million (US$98.9 million) in the second quarter of 2021, representing a growth of 144.2% over the second quarter of 2020.\nGross profit was RMB376.6 million (US$58.3 million) in the second quarter of 2021, representing a growth of 197.9% over the second quarter of 2020.\nGross margin increased to 59.0% in the second quarter of 2021 from 48.4% in the same period of last year.\n\n\"We are delighted to report another strong quarter, with solid growth in both operating and financial performance. We believe our founding belief, establishing a content-centric ecosystem and sustainable commercialization model, is the fundamental driver behind our achievements as a company. We continued to strive towards this goal in the quarter, by optimizing our content structure and refining our evaluation standards for quality content, thereby enhancing a \"sense of fulfilment\" for our users. We believe such quality content will broaden horizons, provide resolutions and resonate with minds. We further believe this \"sense of fulfilment\" will not only strengthen trust amongst users, content creators and our platform, but will also be a key element that will enhance our unique position in the market and further solidify our leadership position in the long-term.\" said Mr.Yuan Zhou, Chairman of the Board and Chief Executive Officer of Zhihu.\nMr.Wei Sun, Chief Financial Officer of Zhihu, added, \"We have continued to deliver outstanding operating and financial results in the second quarter of 2021. In the quarter, our user base continued its rapid growth, with average MAUs increasing by 46% year-over-year to 94.3 million. Our content-centric monetization also enjoyed robust enhancement, yielding a 144% year-over-year growth in revenue. Our revenue structure diversified further in the quarter with a higher percentage of revenue coming from content-commerce solutions and paid memberships. At the same time, our gross margin remained strong at 59% for the quarter, compared with 48% for the same period last year, which significantly reinforces our strong capability in upgrading our content infrastructure and allows us to continue creating long-term value for our users, business partners and shareholders.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839021647,"gmtCreate":1629108869789,"gmtModify":1676529932767,"author":{"id":"3585127152124921","authorId":"3585127152124921","authorIdStr":"3585127152124921","name":"OMFGninja","avatar":"https://static.tigerbbs.com/e9c12f7b2f64319845f663a079612e8c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585127152124921"},"themes":[],"htmlText":"wow nice","listText":"wow nice","text":"wow nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839021647","repostId":"1126883057","repostType":4,"repost":{"id":"1126883057","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1629101635,"share":"https://ttm.financial/m/news/1126883057?lang=&edition=fundamental","pubTime":"2021-08-16 16:13","market":"sh","language":"en","title":"ANALYSIS-Valuing China assets no easy task after $1 trillion wipeout","url":"https://stock-news.laohu8.com/highlight/detail?id=1126883057","media":"Reuters","summary":"China stocks go from EM leaders to laggards\nAnalysts bullish on China heading into tumult\nMSCI China","content":"<ul>\n <li>China stocks go from EM leaders to laggards</li>\n <li>Analysts bullish on China heading into tumult</li>\n <li>MSCI China adjusted to 13.9 times P/E -MS</li>\n <li>Online insurers latest in cross-hairs</li>\n <li>Average 2021 returns -7% for China equity funds</li>\n <li>More distress evident in China credit</li>\n</ul>\n<p>LONDON, Aug 16 (Reuters) - Any veteran investor will tell you that financial markets overshoot when trouble hits, but what if that market is the world’s second-largest economy and the government has decided the rules of the game have changed?</p>\n<p>China's months-long regulatory crackdownherehas included big names in e-commerce, the gig economy, exam cramming and most recently online insurance. Close to $1 trillion in market value has been wiped off China Inc since February.</p>\n<p>For big firms that also list on markets like Wall Street because it brings in international investment, 2021 is already the worst year since the global financial crisis.</p>\n<p>It could spring back of course, but there’s the rub. Many analysts are convinced things will settle, but only the Beijing ruling elite know if and when that might be.</p>\n<p>“Investors have been jolted,” said Paul O’Connor, head of multi-asset at Janus Henderson.</p>\n<p>“This will weigh heavily on the outlook for profits, valuations and investor sentiment in China.”</p>\n<p><b>But by how much?</b></p>\n<p>Morgan Stanley estimates MSCI China, which has seen one of its biggest lags on record versus world stocks this year, now trades at 13.9 times 12-month forward price-to-earnings, a 5% premium over MSCI’s broader emerging market benchmark.</p>\n<p>That compares to about 17 times at the start of the year. It could get down to 13 times, says Morgan Stanley.</p>\n<p>Analysts bullish on Chinese stocks heading into the tumult are now assessing the damage.</p>\n<p>In March, before the latest crackdown, the average consensus 12 month share price target for stocks in the MSCI China Index, was about 40% higher than a year earlier.</p>\n<p>The majority of analysts rate giants Alibaba Group Holdings and Tencent Holdings at least a “buy”, according to Refinitiv data, while most recommend a “hold” or “buy” for New Oriental Education & Technology Group, whose stock has tumbled close to 90% this year.</p>\n<p>“The process of earnings downgrades and ratings downgrades has barely started,” said Janus Henderson’s O’Connor.</p>\n<p>Evergrande Property Services, part of China’s most indebted property developer, has already lost more than half of its market capitalisation from the peak. The share price is currently trading around 13 times forward price-to-earnings multiples, significantly lower than peers.</p>\n<p><b>PROBLEMS VS POSSIBILITIES</b></p>\n<p>Having pumped in more than $800 billion over the past five years, investors are not about to fold their bets that China will offer the biggest boost to global financial markets in the decades to come.</p>\n<p>And while they acknowledge the changes are part of a broader plan to make economic growth more inclusive in the long run, they are mindful that future returns will depend much more on careful assessment of risk.</p>\n<p>“It’s important to distinguish between what is really volatility or noise and what is here to stay,” said Michael Bolliger, chief investment officer, emerging markets, at UBS Global Wealth Management.</p>\n<p>While some damaged sectors are likely to bounce back over time, others, like tutoring, which the government now wants to be non profit making, almost certainly won’t.</p>\n<p>“They changed almost the DNA of these companies,” said Bolliger.</p>\n<p>The hit has been painful. EPFR data shows around $2 billion was pulled out of equity funds with significant China exposure in the first week of this month alone. Morningstar figures point to China-focused funds nursing at least 7% negative returns. For context, they made around 13% on average for the past five years.</p>\n<p><b>BUST OR BOON?</b></p>\n<p>It has not only been stocks that have suffered.</p>\n<p>China’s giant bond markets have been roiled by debt crises besetting firms such as Huarong and Evergrande, with the latter’s problems coming as the government seeks to slash leverage in the property sector.</p>\n<p>Here the moves point to rising distress. Chinese credit’s Z-score, a measure of market volatility, reached 0.7 standard deviations above its 15-year mean last month, from 1.8 in January.</p>\n<p>Typically, a score below 1.8 suggests looming bankruptcy.</p>\n<p>“Will the government allow these property developers to default and have a big debt crisis? I find it very unlikely,” said Gustavo Medeiros, Ashmore Group’s deputy head of research.</p>\n<p>Widening spread differentials have historically offered an attractive entry point, said Michele Barlow, SSGA’s Asia-Pacific head of investment strategy and research. But there’s still caution.</p>\n<p>“Investors will have to change their style of investing from being focused on yields to one based on fundamental analysis,” said Shamaila Khan, AllianceBernstein’s head of EM debt on the Global Markets Forum.</p>\n<p>And it may also put Chinese assets on a more sustainable footing, supporting earnings in the long-run.</p>\n<p>Having been on the receiving end of China’s tumble this year, Hans Peterson, global head of asset allocation at SEB Investment Management, is staying in and may add if Beijing and the central bank signal fresh stimulus.</p>\n<p>“It is good to keep an eye on the possibilities in China, rather than the problems,” he said.</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>ANALYSIS-Valuing China assets no easy task after $1 trillion wipeout</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\">\nANALYSIS-Valuing China assets no easy task after $1 trillion wipeout\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-16 16:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>China stocks go from EM leaders to laggards</li>\n <li>Analysts bullish on China heading into tumult</li>\n <li>MSCI China adjusted to 13.9 times P/E -MS</li>\n <li>Online insurers latest in cross-hairs</li>\n <li>Average 2021 returns -7% for China equity funds</li>\n <li>More distress evident in China credit</li>\n</ul>\n<p>LONDON, Aug 16 (Reuters) - Any veteran investor will tell you that financial markets overshoot when trouble hits, but what if that market is the world’s second-largest economy and the government has decided the rules of the game have changed?</p>\n<p>China's months-long regulatory crackdownherehas included big names in e-commerce, the gig economy, exam cramming and most recently online insurance. Close to $1 trillion in market value has been wiped off China Inc since February.</p>\n<p>For big firms that also list on markets like Wall Street because it brings in international investment, 2021 is already the worst year since the global financial crisis.</p>\n<p>It could spring back of course, but there’s the rub. Many analysts are convinced things will settle, but only the Beijing ruling elite know if and when that might be.</p>\n<p>“Investors have been jolted,” said Paul O’Connor, head of multi-asset at Janus Henderson.</p>\n<p>“This will weigh heavily on the outlook for profits, valuations and investor sentiment in China.”</p>\n<p><b>But by how much?</b></p>\n<p>Morgan Stanley estimates MSCI China, which has seen one of its biggest lags on record versus world stocks this year, now trades at 13.9 times 12-month forward price-to-earnings, a 5% premium over MSCI’s broader emerging market benchmark.</p>\n<p>That compares to about 17 times at the start of the year. It could get down to 13 times, says Morgan Stanley.</p>\n<p>Analysts bullish on Chinese stocks heading into the tumult are now assessing the damage.</p>\n<p>In March, before the latest crackdown, the average consensus 12 month share price target for stocks in the MSCI China Index, was about 40% higher than a year earlier.</p>\n<p>The majority of analysts rate giants Alibaba Group Holdings and Tencent Holdings at least a “buy”, according to Refinitiv data, while most recommend a “hold” or “buy” for New Oriental Education & Technology Group, whose stock has tumbled close to 90% this year.</p>\n<p>“The process of earnings downgrades and ratings downgrades has barely started,” said Janus Henderson’s O’Connor.</p>\n<p>Evergrande Property Services, part of China’s most indebted property developer, has already lost more than half of its market capitalisation from the peak. The share price is currently trading around 13 times forward price-to-earnings multiples, significantly lower than peers.</p>\n<p><b>PROBLEMS VS POSSIBILITIES</b></p>\n<p>Having pumped in more than $800 billion over the past five years, investors are not about to fold their bets that China will offer the biggest boost to global financial markets in the decades to come.</p>\n<p>And while they acknowledge the changes are part of a broader plan to make economic growth more inclusive in the long run, they are mindful that future returns will depend much more on careful assessment of risk.</p>\n<p>“It’s important to distinguish between what is really volatility or noise and what is here to stay,” said Michael Bolliger, chief investment officer, emerging markets, at UBS Global Wealth Management.</p>\n<p>While some damaged sectors are likely to bounce back over time, others, like tutoring, which the government now wants to be non profit making, almost certainly won’t.</p>\n<p>“They changed almost the DNA of these companies,” said Bolliger.</p>\n<p>The hit has been painful. EPFR data shows around $2 billion was pulled out of equity funds with significant China exposure in the first week of this month alone. Morningstar figures point to China-focused funds nursing at least 7% negative returns. For context, they made around 13% on average for the past five years.</p>\n<p><b>BUST OR BOON?</b></p>\n<p>It has not only been stocks that have suffered.</p>\n<p>China’s giant bond markets have been roiled by debt crises besetting firms such as Huarong and Evergrande, with the latter’s problems coming as the government seeks to slash leverage in the property sector.</p>\n<p>Here the moves point to rising distress. Chinese credit’s Z-score, a measure of market volatility, reached 0.7 standard deviations above its 15-year mean last month, from 1.8 in January.</p>\n<p>Typically, a score below 1.8 suggests looming bankruptcy.</p>\n<p>“Will the government allow these property developers to default and have a big debt crisis? I find it very unlikely,” said Gustavo Medeiros, Ashmore Group’s deputy head of research.</p>\n<p>Widening spread differentials have historically offered an attractive entry point, said Michele Barlow, SSGA’s Asia-Pacific head of investment strategy and research. But there’s still caution.</p>\n<p>“Investors will have to change their style of investing from being focused on yields to one based on fundamental analysis,” said Shamaila Khan, AllianceBernstein’s head of EM debt on the Global Markets Forum.</p>\n<p>And it may also put Chinese assets on a more sustainable footing, supporting earnings in the long-run.</p>\n<p>Having been on the receiving end of China’s tumble this year, Hans Peterson, global head of asset allocation at SEB Investment Management, is staying in and may add if Beijing and the central bank signal fresh stimulus.</p>\n<p>“It is good to keep an eye on the possibilities in China, rather than the problems,” he said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126883057","content_text":"China stocks go from EM leaders to laggards\nAnalysts bullish on China heading into tumult\nMSCI China adjusted to 13.9 times P/E -MS\nOnline insurers latest in cross-hairs\nAverage 2021 returns -7% for China equity funds\nMore distress evident in China credit\n\nLONDON, Aug 16 (Reuters) - Any veteran investor will tell you that financial markets overshoot when trouble hits, but what if that market is the world’s second-largest economy and the government has decided the rules of the game have changed?\nChina's months-long regulatory crackdownherehas included big names in e-commerce, the gig economy, exam cramming and most recently online insurance. Close to $1 trillion in market value has been wiped off China Inc since February.\nFor big firms that also list on markets like Wall Street because it brings in international investment, 2021 is already the worst year since the global financial crisis.\nIt could spring back of course, but there’s the rub. Many analysts are convinced things will settle, but only the Beijing ruling elite know if and when that might be.\n“Investors have been jolted,” said Paul O’Connor, head of multi-asset at Janus Henderson.\n“This will weigh heavily on the outlook for profits, valuations and investor sentiment in China.”\nBut by how much?\nMorgan Stanley estimates MSCI China, which has seen one of its biggest lags on record versus world stocks this year, now trades at 13.9 times 12-month forward price-to-earnings, a 5% premium over MSCI’s broader emerging market benchmark.\nThat compares to about 17 times at the start of the year. It could get down to 13 times, says Morgan Stanley.\nAnalysts bullish on Chinese stocks heading into the tumult are now assessing the damage.\nIn March, before the latest crackdown, the average consensus 12 month share price target for stocks in the MSCI China Index, was about 40% higher than a year earlier.\nThe majority of analysts rate giants Alibaba Group Holdings and Tencent Holdings at least a “buy”, according to Refinitiv data, while most recommend a “hold” or “buy” for New Oriental Education & Technology Group, whose stock has tumbled close to 90% this year.\n“The process of earnings downgrades and ratings downgrades has barely started,” said Janus Henderson’s O’Connor.\nEvergrande Property Services, part of China’s most indebted property developer, has already lost more than half of its market capitalisation from the peak. The share price is currently trading around 13 times forward price-to-earnings multiples, significantly lower than peers.\nPROBLEMS VS POSSIBILITIES\nHaving pumped in more than $800 billion over the past five years, investors are not about to fold their bets that China will offer the biggest boost to global financial markets in the decades to come.\nAnd while they acknowledge the changes are part of a broader plan to make economic growth more inclusive in the long run, they are mindful that future returns will depend much more on careful assessment of risk.\n“It’s important to distinguish between what is really volatility or noise and what is here to stay,” said Michael Bolliger, chief investment officer, emerging markets, at UBS Global Wealth Management.\nWhile some damaged sectors are likely to bounce back over time, others, like tutoring, which the government now wants to be non profit making, almost certainly won’t.\n“They changed almost the DNA of these companies,” said Bolliger.\nThe hit has been painful. EPFR data shows around $2 billion was pulled out of equity funds with significant China exposure in the first week of this month alone. Morningstar figures point to China-focused funds nursing at least 7% negative returns. For context, they made around 13% on average for the past five years.\nBUST OR BOON?\nIt has not only been stocks that have suffered.\nChina’s giant bond markets have been roiled by debt crises besetting firms such as Huarong and Evergrande, with the latter’s problems coming as the government seeks to slash leverage in the property sector.\nHere the moves point to rising distress. Chinese credit’s Z-score, a measure of market volatility, reached 0.7 standard deviations above its 15-year mean last month, from 1.8 in January.\nTypically, a score below 1.8 suggests looming bankruptcy.\n“Will the government allow these property developers to default and have a big debt crisis? I find it very unlikely,” said Gustavo Medeiros, Ashmore Group’s deputy head of research.\nWidening spread differentials have historically offered an attractive entry point, said Michele Barlow, SSGA’s Asia-Pacific head of investment strategy and research. But there’s still caution.\n“Investors will have to change their style of investing from being focused on yields to one based on fundamental analysis,” said Shamaila Khan, AllianceBernstein’s head of EM debt on the Global Markets Forum.\nAnd it may also put Chinese assets on a more sustainable footing, supporting earnings in the long-run.\nHaving been on the receiving end of China’s tumble this year, Hans Peterson, global head of asset allocation at SEB Investment Management, is staying in and may add if Beijing and the central bank signal fresh stimulus.\n“It is good to keep an eye on the possibilities in China, rather than the problems,” he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
