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2023-01-14

"$13B in cash reserves, but likely to be lower"- this is not exactly a convincing reporting, is it? Facts and figures please.

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2023-01-22

Gong xi fa chai

Sorry, the original content has been removed

2022-01-12

Maybe buy HK instead of ADRs to mitigate the delisting risks?

What Charlie Munger Sees in Alibaba to Make Him Buy More

2023-06-07

Buy

Sorry, the original content has been removed

2023-02-13

Ka-Ching !

DBS Beats Forecasts on Higher Lending, to Give Special Dividend

Go to Tiger App to see more news

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The bank is set to benefit from an eventual uptick in wealth-management net flows and rising credit card fees as travel picks up, Bloomberg Intelligence analyst Sarah Jane Mahmud wrote in a note Feb. 8.</p><p>“Our business pipelines are healthy and asset quality robust,” Gupta said in the statement. “We expect confidence to return to markets in the coming year as interest rate increases ease and China reopens.”</p><p>Competitors Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. are due to report results next week.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DBS Beats Forecasts on Higher Lending, to Give Special Dividend</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\">\nDBS Beats Forecasts on Higher Lending, to Give Special Dividend\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-13 07:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-02-12/dbs-beats-forecasts-on-higher-lending-to-give-special-dividend?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>DBS Group Holdings Ltd. reported a surge in fourth-quarter profit that beat expectations, thanks to gains from both lending and as interest rates provide a tailwind.Net income increased 69% to S$2.34 ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-02-12/dbs-beats-forecasts-on-higher-lending-to-give-special-dividend?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股","STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.bloomberg.com/news/articles/2023-02-12/dbs-beats-forecasts-on-higher-lending-to-give-special-dividend?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177479413","content_text":"DBS Group Holdings Ltd. reported a surge in fourth-quarter profit that beat expectations, thanks to gains from both lending and as interest rates provide a tailwind.Net income increased 69% to S$2.34 billion ($1.76 billion) in the three months ended Dec. 31, Southeast Asia’s biggest lender said in a statement Monday. That beat an average estimate of S$2.17 billion from four analysts surveyed by Bloomberg. The bank also announced a special dividend of 50 Singapore cents a share, citing its strong capital base.DBS, led by Chief Executive Officer Piyush Gupta, joins lenders getting a lift from rising global interest rates after stock market volatility led to a leaner period for dealmaking and fees from advising rich clients. The bank is set to benefit from an eventual uptick in wealth-management net flows and rising credit card fees as travel picks up, Bloomberg Intelligence analyst Sarah Jane Mahmud wrote in a note Feb. 8.“Our business pipelines are healthy and asset quality robust,” Gupta said in the statement. “We expect confidence to return to markets in the coming year as interest rate increases ease and China reopens.”Competitors Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. are due to report results next week.","news_type":1},"isVote":1,"tweetType":1,"viewCount":132,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9952914595,"gmtCreate":1674351155717,"gmtModify":1676538937445,"author":{"id":"3586485241688415","authorId":"3586485241688415","name":"TM Unlimited","avatar":"https://community-static.tradeup.com/news/efed00362372203f20616ff720818cb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Gong xi fa chai","listText":"Gong xi fa chai","text":"Gong xi fa chai","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952914595","repostId":"1169080510","repostType":2,"repost":{"id":"1169080510","pubTimestamp":1674296535,"share":"https://www.laohu8.com/m/news/1169080510?lang=&edition=full","pubTime":"2023-01-21 18:22","market":"us","language":"en","title":"Elon Musk Sold Tesla Shares Before Company Acknowledged Weakness","url":"https://stock-news.laohu8.com/highlight/detail?id=1169080510","media":"The Wall Street Journal","summary":"Late last year, after a wave of news reports pointing to sagging demand for his company’s vehicles, ","content":"<html><head></head><body><p>Late last year, after a wave of news reports pointing to sagging demand for his company’s vehicles, Tesla Inc. increase; green up pointing triangle Chief Executive Elon Musk sold almost $3.6 billion of his shares in the electric-car maker.</p><p>On Jan. 2, Tesla announced fourth-quarter vehicle deliveries that were significantly below the company’s most recent forecast to investors. The news sent Tesla’s stock price plunging when markets opened the next day.</p><p>The timing of the stock sales raises a crucial question: Did Mr. Musk know that business had slowed when he sold his shares? Tesla hadn’t updated investors on its outlook in nearly two months.</p><p>“This should be of great interest to the SEC,” said James Cox, a securities-law professor at Duke University who has testified before Congress about insider trading. “The issue here is, what did he know and what was the market anticipating when he sold? That’s a critical moment.”</p><p>Mr. Musk and Tesla didn’t respond to requests for comment. The Securities and Exchange Commission declined to comment.</p><p><img src=\"https://static.tigerbbs.com/9cddde4fd647b68434a7109185c1ee4f\" tg-width=\"827\" tg-height=\"587\" width=\"100%\" height=\"auto\"/></p><p>Mr. Musk sold nearly 22 million shares Dec. 12 -14 at an average price of about $163 a share, according to a regulatory filing. When the stock closed on Jan. 3 at just over $108, the shares Mr. Musk sold the prior month had declined in value by $1.2 billion. The stock has since rebounded to about $127.</p><p>In general, the SEC’s rules prohibit corporate insiders from trading their companies’ securities while aware of material nonpublic information. Exceptions abound.</p><p>For instance, officers and directors can avoid violating the rules when they buy or sell under a preset trading schedule, known as a 10b5-1 plan. Mr. Musk has traded under such plans before, including one that ended in December 2021. However, the disclosure form he filed with the SEC for the most recent stock sales didn’t say he was using a 10b5-1 plan for those trades. Under SEC rules at the time he didn’t have to disclose on the form whether he was using such a plan.</p><p>Mr. Musk has sold more than $39 billion of Tesla shares since the stock’s November 2021 peak, including almost $23 billion last year, in part to fund his $44 billion purchase of Twitter Inc. The December sales amounted to 37% of the shares sold in 2022, according to data compiled by Refinitiv, but only 16% of the dollar amount, reflecting the stock’s sharp drop last year, when it fell 65%.</p><p>Whether Mr. Musk was aware by mid-December that deliveries would fall short of Tesla’s guidance, signs of demand weakness for Tesla vehicles had been accumulating for weeks. On Oct. 24, news reports said Tesla cut prices in China. On Dec. 1, news reports said Tesla cut prices in the U.S.</p><p>On Dec. 5, Bloomberg News reported that Tesla planned to lower production in China. Three days later, Bloomberg reported that Tesla planned to shorten worker shifts at its Shanghai factory. By Dec. 22, eight days after Mr. Musk’s sales ended, news reports said Tesla cut prices again in the U.S. and began offering 10,000 miles of free supercharging for vehicles delivered in December.</p><p>Tesla issued the guidance for fourth-quarter deliveries on Oct. 19 during a conference call to discuss its third-quarter results. Tesla’s chief financial officer, Zach Kirkhorn, told investors on the call that Tesla expected annual growth in 2022 deliveries would be “just under 50%.”</p><p>While Tesla didn’t give a more precise figure, a 45% increase in annual deliveries would have amounted to almost 449,000 deliveries during the fourth quarter. By the time Tesla reported deliveries on Jan. 2, the average estimate of analysts surveyed by Bloomberg had declined to 420,760 vehicles. Tesla missed the reduced estimate, reporting deliveries of just 405,278 vehicles.</p><p>Whether the sales-growth decline showed up in internal figures by mid-December and whether Mr. Musk saw those figures could help determine whether he might have violated insider-trading rules.</p><p>“Is it suspicious? Yes. Is it entirely possible there are other explanations? Of course. But that’s what the enforcement process is all about,” said Donald Langevoort, a securities-law professor at Georgetown University and the author of a treatise on insider trading.</p><p>Tesla’s deliveries recently have tended to be loaded heavily toward the end of the quarter, potentially complicating forecasts. On the Oct. 19 call, Mr. Kirkhorn said about two-thirds of third-quarter deliveries occurred in September and one-third in the final two weeks of the quarter.</p><p>Mr. Musk and the SEC have tussled for years. In 2018, Mr. Musk and Tesla each agreed to pay $20 million to settle an SEC lawsuit over a tweet in which he wrote that he had “funding secured” to take Tesla private at a premium price. The SEC said Mr. Musk had never discussed such a deal with any potential funders and that his statement, which sent Tesla shares soaring, constituted fraud.</p><p>A trial over the same episode began this week in a class-action lawsuit filed by investors against Tesla and Mr. Musk, in which Mr. Musk is expected to testify. Since its settlement with the SEC, Tesla has accused the regulator of harassing the company and Mr. Musk by repeatedly launching new investigations. An SEC spokeswoman declined to comment.</p></body></html>","source":"wsj_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk Sold Tesla Shares Before Company Acknowledged Weakness</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\">\nElon Musk Sold Tesla Shares Before Company Acknowledged Weakness\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-21 18:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/elon-musk-sold-tesla-shares-before-company-acknowledged-weakness-11674177642?mod=hp_lead_pos8><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Late last year, after a wave of news reports pointing to sagging demand for his company’s vehicles, Tesla Inc. increase; green up pointing triangle Chief Executive Elon Musk sold almost $3.6 billion ...</p>\n\n<a href=\"https://www.wsj.com/articles/elon-musk-sold-tesla-shares-before-company-acknowledged-weakness-11674177642?mod=hp_lead_pos8\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.wsj.com/articles/elon-musk-sold-tesla-shares-before-company-acknowledged-weakness-11674177642?mod=hp_lead_pos8","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169080510","content_text":"Late last year, after a wave of news reports pointing to sagging demand for his company’s vehicles, Tesla Inc. increase; green up pointing triangle Chief Executive Elon Musk sold almost $3.6 billion of his shares in the electric-car maker.On Jan. 2, Tesla announced fourth-quarter vehicle deliveries that were significantly below the company’s most recent forecast to investors. The news sent Tesla’s stock price plunging when markets opened the next day.The timing of the stock sales raises a crucial question: Did Mr. Musk know that business had slowed when he sold his shares? Tesla hadn’t updated investors on its outlook in nearly two months.“This should be of great interest to the SEC,” said James Cox, a securities-law professor at Duke University who has testified before Congress about insider trading. “The issue here is, what did he know and what was the market anticipating when he sold? That’s a critical moment.”Mr. Musk and Tesla didn’t respond to requests for comment. The Securities and Exchange Commission declined to comment.Mr. Musk sold nearly 22 million shares Dec. 12 -14 at an average price of about $163 a share, according to a regulatory filing. When the stock closed on Jan. 3 at just over $108, the shares Mr. Musk sold the prior month had declined in value by $1.2 billion. The stock has since rebounded to about $127.In general, the SEC’s rules prohibit corporate insiders from trading their companies’ securities while aware of material nonpublic information. Exceptions abound.For instance, officers and directors can avoid violating the rules when they buy or sell under a preset trading schedule, known as a 10b5-1 plan. Mr. Musk has traded under such plans before, including one that ended in December 2021. However, the disclosure form he filed with the SEC for the most recent stock sales didn’t say he was using a 10b5-1 plan for those trades. Under SEC rules at the time he didn’t have to disclose on the form whether he was using such a plan.Mr. Musk has sold more than $39 billion of Tesla shares since the stock’s November 2021 peak, including almost $23 billion last year, in part to fund his $44 billion purchase of Twitter Inc. The December sales amounted to 37% of the shares sold in 2022, according to data compiled by Refinitiv, but only 16% of the dollar amount, reflecting the stock’s sharp drop last year, when it fell 65%.Whether Mr. Musk was aware by mid-December that deliveries would fall short of Tesla’s guidance, signs of demand weakness for Tesla vehicles had been accumulating for weeks. On Oct. 24, news reports said Tesla cut prices in China. On Dec. 1, news reports said Tesla cut prices in the U.S.On Dec. 5, Bloomberg News reported that Tesla planned to lower production in China. Three days later, Bloomberg reported that Tesla planned to shorten worker shifts at its Shanghai factory. By Dec. 22, eight days after Mr. Musk’s sales ended, news reports said Tesla cut prices again in the U.S. and began offering 10,000 miles of free supercharging for vehicles delivered in December.Tesla issued the guidance for fourth-quarter deliveries on Oct. 19 during a conference call to discuss its third-quarter results. Tesla’s chief financial officer, Zach Kirkhorn, told investors on the call that Tesla expected annual growth in 2022 deliveries would be “just under 50%.”While Tesla didn’t give a more precise figure, a 45% increase in annual deliveries would have amounted to almost 449,000 deliveries during the fourth quarter. By the time Tesla reported deliveries on Jan. 2, the average estimate of analysts surveyed by Bloomberg had declined to 420,760 vehicles. Tesla missed the reduced estimate, reporting deliveries of just 405,278 vehicles.Whether the sales-growth decline showed up in internal figures by mid-December and whether Mr. Musk saw those figures could help determine whether he might have violated insider-trading rules.“Is it suspicious? Yes. Is it entirely possible there are other explanations? Of course. But that’s what the enforcement process is all about,” said Donald Langevoort, a securities-law professor at Georgetown University and the author of a treatise on insider trading.Tesla’s deliveries recently have tended to be loaded heavily toward the end of the quarter, potentially complicating forecasts. On the Oct. 19 call, Mr. Kirkhorn said about two-thirds of third-quarter deliveries occurred in September and one-third in the final two weeks of the quarter.Mr. Musk and the SEC have tussled for years. In 2018, Mr. Musk and Tesla each agreed to pay $20 million to settle an SEC lawsuit over a tweet in which he wrote that he had “funding secured” to take Tesla private at a premium price. The SEC said Mr. Musk had never discussed such a deal with any potential funders and that his statement, which sent Tesla shares soaring, constituted fraud.A trial over the same episode began this week in a class-action lawsuit filed by investors against Tesla and Mr. Musk, in which Mr. Musk is expected to testify. Since its settlement with the SEC, Tesla has accused the regulator of harassing the company and Mr. Musk by repeatedly launching new investigations. An SEC spokeswoman declined to comment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":230,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9958893161,"gmtCreate":1673674366253,"gmtModify":1676538873944,"author":{"id":"3586485241688415","authorId":"3586485241688415","name":"TM Unlimited","avatar":"https://community-static.tradeup.com/news/efed00362372203f20616ff720818cb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"\"$13B in cash reserves, but likely to be lower\"- this is not exactly a convincing reporting, is it? Facts and figures please.&nbsp;","listText":"\"$13B in cash reserves, but likely to be lower\"- this is not exactly a convincing reporting, is it? Facts and figures please.&nbsp;","text":"\"$13B in cash reserves, but likely to be lower\"- this is not exactly a convincing reporting, is it? Facts and figures please.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9958893161","repostId":"2303808882","repostType":2,"repost":{"id":"2303808882","pubTimestamp":1673667262,"share":"https://www.laohu8.com/m/news/2303808882?lang=&edition=full","pubTime":"2023-01-14 11:34","market":"us","language":"en","title":"Nasdaq Bear Market: 2 Stocks Down 45% and 82% Poised to Rebound in 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=2303808882","media":"Motley Fool","summary":"These former highfliers are ready to rally.","content":"<html><head></head><body><p><i>&#34;The best bargains are always found in frightening environments.&#34;</i></p><p>-- Howard Marks</p><p>Bear markets can be terrifying. Watching helplessly as your life savings disappear is enough to scare even seasoned investors.</p><p>But the best investors, such as Oaktree Capital Management co-founder Howard Marks, know that market downturns can create spectacular opportunities to profit.</p><p>Fortunately, we have just such an opportunity today. The following companies saw their stock prices plunge during the 2022 bear market. But they&#39;re set to enjoy powerful growth catalysts in the coming years. And with their shares now much more reasonably priced, these beaten-down growth stocks are particularly attractive buys.</p><h2>Etsy</h2><p>E-commerce sales surged during the early part of the pandemic. <b>Etsy</b> experienced explosive growth during this period as more people shopped on its sites for handmade items and craft supplies. But after health restrictions were lifted and shoppers returned to traditional retail stores, Etsy&#39;s growth slowed. Impatient traders sold, and its stock price sank 45% last year.</p><p>Yet Etsy&#39;s shares have rallied roughly 90% from their 52-week lows because investors have begun to realize that much of the gains the company earned during the pandemic are likely permanent. The number of active buyers on Etsy&#39;s platform topped 88 million in Q3, doubling from the third quarter in 2019. Those buyers are also spending more, with sales per active buyer up 33% during that time. All told, Etsy&#39;s revenue and operating cash flow for the first nine months of 2022 rose to $1.8 billion and $392 million, respectively, up from $548 million and $128 million in the comparable period in 2019.</p><p>Moreover, Etsy&#39;s growth could reaccelerate as e-commerce trends normalize. Online retail sales will approach $7.4 trillion in 2025, up from $5.5 trillion in 2022, according to eMarketer. If Etsy can capture just a small portion of that growth -- and multiple signs suggest it can -- investors who buy its shares at their discounted price today will likely be well rewarded.</p><h2>Rivian Automotive</h2><p>Supply chain disruptions made it impossible for <b>Rivian Automotive</b> to hit its vehicle production target for 2022. Meanwhile, surging raw material costs led the electric vehicle (EV) upstart&#39;s losses to widen. Rivian&#39;s stock price, in turn, plunged 82% last year.</p><p>But with its shares trading near record lows, Rivian&#39;s stock is now much more reasonably priced. The EV maker ended the third quarter with over $13 billion in cash reserves. That figure is likely lower today due to the company&#39;s production expenses. Still, with Rivian&#39;s current market cap standing at roughly $15 billion, you can buy its shares at only slightly more than the value of the cash it holds on its balance sheet. Investors are essentially assigning little value to Rivian&#39;s operations -- or its potential to generate profits in the future.</p><p>Yet Rivian&#39;s growth prospects remain intriguing. Sales of fully electric vehicles topped 800,000 in the U.S. in 2022, good for year-over-year growth of over 60%, according to Motor Intelligence. EVs accounted for 5.8% of all vehicles sold last year, up from 3.2% in 2021, as reported by <i>The</i> <i>Wall Street Journal</i>.</p><p>Rivian has captured a small sliver of this rapidly expanding market. Its 20,332 vehicle deliveries in 2022 comprised just 2.6% of total U.S. EV sales. But as of Nov. 7, 2022, Rivian had over 114,000 preorders for its popular R1T pickup truck and R1S SUV. The automaker is ramping up production to meet the booming demand for its EVs.</p><p>Rivian also has an order for a whopping 100,000 commercial vans from <b>Amazon</b> that it intends to fulfill by 2025. Notably, the e-commerce giant owns a roughly 17% stake in Rivian, which is currently valued at about $2.6 billion.</p><p>With its bountiful cash reserves, Amazon&#39;s backing, and strong consumer demand for its vehicles, Rivian could rebound sharply from its recent lows. Investors who buy the EV maker&#39;s shares today stand to earn sizable rewards if Rivian can deliver on its awesome growth potential.</p></body></html>","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>Nasdaq Bear Market: 2 Stocks Down 45% and 82% Poised to Rebound in 2023</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\">\nNasdaq Bear Market: 2 Stocks Down 45% and 82% Poised to Rebound in 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-14 11:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/01/13/nasdaq-bear-market-stocks-to-buy-poised-to-rebound/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"The best bargains are always found in frightening environments.\"-- Howard MarksBear markets can be terrifying. Watching helplessly as your life savings disappear is enough to scare even seasoned ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/01/13/nasdaq-bear-market-stocks-to-buy-poised-to-rebound/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ETSY":"Etsy, Inc.","RIVN":"Rivian Automotive, Inc."},"source_url":"https://www.fool.com/investing/2023/01/13/nasdaq-bear-market-stocks-to-buy-poised-to-rebound/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2303808882","content_text":"\"The best bargains are always found in frightening environments.\"-- Howard MarksBear markets can be terrifying. Watching helplessly as your life savings disappear is enough to scare even seasoned investors.But the best investors, such as Oaktree Capital Management co-founder Howard Marks, know that market downturns can create spectacular opportunities to profit.Fortunately, we have just such an opportunity today. The following companies saw their stock prices plunge during the 2022 bear market. But they're set to enjoy powerful growth catalysts in the coming years. And with their shares now much more reasonably priced, these beaten-down growth stocks are particularly attractive buys.EtsyE-commerce sales surged during the early part of the pandemic. Etsy experienced explosive growth during this period as more people shopped on its sites for handmade items and craft supplies. But after health restrictions were lifted and shoppers returned to traditional retail stores, Etsy's growth slowed. Impatient traders sold, and its stock price sank 45% last year.Yet Etsy's shares have rallied roughly 90% from their 52-week lows because investors have begun to realize that much of the gains the company earned during the pandemic are likely permanent. The number of active buyers on Etsy's platform topped 88 million in Q3, doubling from the third quarter in 2019. Those buyers are also spending more, with sales per active buyer up 33% during that time. All told, Etsy's revenue and operating cash flow for the first nine months of 2022 rose to $1.8 billion and $392 million, respectively, up from $548 million and $128 million in the comparable period in 2019.Moreover, Etsy's growth could reaccelerate as e-commerce trends normalize. Online retail sales will approach $7.4 trillion in 2025, up from $5.5 trillion in 2022, according to eMarketer. If Etsy can capture just a small portion of that growth -- and multiple signs suggest it can -- investors who buy its shares at their discounted price today will likely be well rewarded.Rivian AutomotiveSupply chain disruptions made it impossible for Rivian Automotive to hit its vehicle production target for 2022. Meanwhile, surging raw material costs led the electric vehicle (EV) upstart's losses to widen. Rivian's stock price, in turn, plunged 82% last year.But with its shares trading near record lows, Rivian's stock is now much more reasonably priced. The EV maker ended the third quarter with over $13 billion in cash reserves. That figure is likely lower today due to the company's production expenses. Still, with Rivian's current market cap standing at roughly $15 billion, you can buy its shares at only slightly more than the value of the cash it holds on its balance sheet. Investors are essentially assigning little value to Rivian's operations -- or its potential to generate profits in the future.Yet Rivian's growth prospects remain intriguing. Sales of fully electric vehicles topped 800,000 in the U.S. in 2022, good for year-over-year growth of over 60%, according to Motor Intelligence. EVs accounted for 5.8% of all vehicles sold last year, up from 3.2% in 2021, as reported by The Wall Street Journal.Rivian has captured a small sliver of this rapidly expanding market. Its 20,332 vehicle deliveries in 2022 comprised just 2.6% of total U.S. EV sales. But as of Nov. 7, 2022, Rivian had over 114,000 preorders for its popular R1T pickup truck and R1S SUV. The automaker is ramping up production to meet the booming demand for its EVs.Rivian also has an order for a whopping 100,000 commercial vans from Amazon that it intends to fulfill by 2025. Notably, the e-commerce giant owns a roughly 17% stake in Rivian, which is currently valued at about $2.6 billion.With its bountiful cash reserves, Amazon's backing, and strong consumer demand for its vehicles, Rivian could rebound sharply from its recent lows. Investors who buy the EV maker's shares today stand to earn sizable rewards if Rivian can deliver on its awesome growth potential.","news_type":1},"isVote":1,"tweetType":1,"viewCount":237,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9002638253,"gmtCreate":1641990385989,"gmtModify":1676533669286,"author":{"id":"3586485241688415","authorId":"3586485241688415","name":"TM Unlimited","avatar":"https://community-static.tradeup.com/news/efed00362372203f20616ff720818cb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Maybe buy HK instead of ADRs to mitigate the delisting risks?","listText":"Maybe buy HK instead of ADRs to mitigate the delisting risks?","text":"Maybe buy HK instead of ADRs to mitigate the delisting risks?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002638253","repostId":"1151213799","repostType":2,"isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9958893161,"gmtCreate":1673674366253,"gmtModify":1676538873944,"author":{"id":"3586485241688415","authorId":"3586485241688415","name":"TM Unlimited","avatar":"https://community-static.tradeup.com/news/efed00362372203f20616ff720818cb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"\"$13B in cash reserves, but likely to be lower\"- this is not exactly a convincing reporting, is it? Facts and figures please.&nbsp;","listText":"\"$13B in cash reserves, but likely to be lower\"- this is not exactly a convincing reporting, is it? Facts and figures please.&nbsp;","text":"\"$13B in cash reserves, but likely to be lower\"- this is not exactly a convincing reporting, is it? Facts and figures please.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9958893161","repostId":"2303808882","repostType":2,"isVote":1,"tweetType":1,"viewCount":237,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9952914595,"gmtCreate":1674351155717,"gmtModify":1676538937445,"author":{"id":"3586485241688415","authorId":"3586485241688415","name":"TM Unlimited","avatar":"https://community-static.tradeup.com/news/efed00362372203f20616ff720818cb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Gong xi fa chai","listText":"Gong xi fa chai","text":"Gong xi fa chai","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952914595","repostId":"1169080510","repostType":2,"isVote":1,"tweetType":1,"viewCount":230,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9002638253,"gmtCreate":1641990385989,"gmtModify":1676533669286,"author":{"id":"3586485241688415","authorId":"3586485241688415","name":"TM Unlimited","avatar":"https://community-static.tradeup.com/news/efed00362372203f20616ff720818cb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Maybe buy HK instead of ADRs to mitigate the delisting risks?","listText":"Maybe buy HK instead of ADRs to mitigate the delisting risks?","text":"Maybe buy HK instead of ADRs to mitigate the delisting risks?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002638253","repostId":"1151213799","repostType":2,"repost":{"id":"1151213799","pubTimestamp":1641953313,"share":"https://www.laohu8.com/m/news/1151213799?lang=&edition=full","pubTime":"2022-01-12 10:08","market":"us","language":"en","title":"What Charlie Munger Sees in Alibaba to Make Him Buy More","url":"https://stock-news.laohu8.com/highlight/detail?id=1151213799","media":"InvestorPlace","summary":"Recently a number of reports emerged, including a Jan. 5 article inBarron’smagazine, that Charlie Mu","content":"<html><head></head><body><p>Recently a number of reports emerged, including a Jan. 5 article in<i>Barron’s</i>magazine, that Charlie Munger has“doubled down”into shares of <b>Alibaba</b> <b>Group Holding</b>(NYSE:<b><u>BABA</u></b>). In the past, I have written why BABA stock looks cheap. But I wanted to write about why he might see Alibaba as a worthwhile investment to buy more shares.</p><p>Charlie Munger is 98 years old and is the Vice Chairman of <b>Berkshire Hathaway</b>(NYSE:<b><u>BRK.A</u></b>, NYSE:<b><u>BRK.B</u></b>). He has worked with Warren Buffett for a long time.</p><p>But Munger also runs his own public company, <b>Daily Journal Corporation</b>(NASDAQ:<b><u>DJCO</u></b>). Munger has been buying more BABA shares for the securities portfolio of DJCO.</p><p>The Stock Has Been Falling</p><p>People love it when they can identify a particular stock that either Buffett or Munger seems to focus on, especially when they increase their position. That is what is going on with BABA stock, especially since it has been falling.</p><p>For example, in the past three months, Alibaba basically peaked in late Oct. 2020 and has been sliding ever since then. It hit $317.14 per ADR (American Depository Receipt) on Oct. 27, 2020, and also had an interim peak of $217.83 on Feb. 17, 2021.</p><p>However, by Jan. 10, 2022, it was down to $127.65. It even had a trough price of $112.09 on Dec. 29, 2021. This means that the stock is now down almost 60% from its peak in Oct. 2020. From its mini-peak of $217.82 in early Feb. 2021, BABA stock is still down just over 41% at $127.65.</p><p>But for some reason, this hasn’t deterred Charlie Munger as Chairman of DJCO. His company is still buying more BABA stock.</p><p>Munger Loves Alibaba</p><p>A recent filing by DJCO showed that it ended 2021 with 602,060 Alibaba ADRs. According to<i>Barron’s</i>magazine, this means it bought a net 300,000 ADRs during Q4 of the Chinese company. It had owned 302,060 Alibaba ADRs at Q3 end. Moreover, according to Barron’s, it had bought 136,740 more ADRs during Q3. So, in effect, DJCO has been averaging down in its cost.</p><p>Moreover, Daily Journal didn’t make changes in other investments during Q4. So, it’s clear that Munger et al really like Alibaba stock, even though it has been falling.</p><p>What could be the reason for this? Well, as Munger is known as a long-term value buyer, BABA shares trade at a historical low in terms of its valuation metrics.</p><p>BABA Stock Is Cheap Historically</p><p>For example, right now analysts estimate that the company will earn $8.39 in earnings per share (EPS) in 2022 and $9.51 for 2023. These estimates are from Refinitiv’s analyst surveys, as shown on the<i>Yahoo! Finance</i>analysis page.</p><p>S0, at Jan. 10’s price, BABA stock is at 15.2 times 2022 earnings (i.e., $127.65/$8.39) and 13.4 times (i.e., $127.65/9.51). This is a cheap valuation situation on an absolute basis.</p><p>But on a historical basis, these metrics are also cheap relative to past P/E ratios. For example, <i>Morningstar</i> shows that the average forward P/E for the past 5 years has been 25.7 times. That is well over the 15x and 13x.</p><p>In fact, even if you average the past 4 years, including 2021 when Alibaba was cheap all year, the average forward P/E ratio is 18.6x. This implies that even this year’s 15.2 times metric is too cheap. The potential upside is 22.3% (i.e., 18.6/15.2-1). Compared to 2023 forward earnings, the stock is 38.8% too cheap (i.e., 18.6/13.4 – 1).</p><p>What to Do With BABA Stock</p><p>The stock is cheap for a reason. There is a lot of fear out there that all Chinese stocks will get delisted. In fact,<i>Barron’</i> magazine has written that investors should <i>not</i> buy BABA stock.</p><p>My attitude about this is very simple. There are always good reasons for a stock to be cheap. If the company is not going out of business, has lots of free cash flow and little debt, which is the case here, there is usually not too much to worry about. Even the delisting issue is not much of an issue, since it would likely trade on a foreign exchange. That should never deter you from buying a stock that is cheap.</p><p>So my take is that, if you can afford to copy Munger, you will probably do well in the long term.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Charlie Munger Sees in Alibaba to Make Him Buy More</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\">\nWhat Charlie Munger Sees in Alibaba to Make Him Buy More\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-12 10:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/01/this-is-what-charlie-munger-sees-in-baba-stock-after-a-double-down/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Recently a number of reports emerged, including a Jan. 5 article inBarron’smagazine, that Charlie Munger has“doubled down”into shares of Alibaba Group Holding(NYSE:BABA). In the past, I have written ...</p>\n\n<a href=\"https://investorplace.com/2022/01/this-is-what-charlie-munger-sees-in-baba-stock-after-a-double-down/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴"},"source_url":"https://investorplace.com/2022/01/this-is-what-charlie-munger-sees-in-baba-stock-after-a-double-down/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151213799","content_text":"Recently a number of reports emerged, including a Jan. 5 article inBarron’smagazine, that Charlie Munger has“doubled down”into shares of Alibaba Group Holding(NYSE:BABA). In the past, I have written why BABA stock looks cheap. But I wanted to write about why he might see Alibaba as a worthwhile investment to buy more shares.Charlie Munger is 98 years old and is the Vice Chairman of Berkshire Hathaway(NYSE:BRK.A, NYSE:BRK.B). He has worked with Warren Buffett for a long time.But Munger also runs his own public company, Daily Journal Corporation(NASDAQ:DJCO). Munger has been buying more BABA shares for the securities portfolio of DJCO.The Stock Has Been FallingPeople love it when they can identify a particular stock that either Buffett or Munger seems to focus on, especially when they increase their position. That is what is going on with BABA stock, especially since it has been falling.For example, in the past three months, Alibaba basically peaked in late Oct. 2020 and has been sliding ever since then. It hit $317.14 per ADR (American Depository Receipt) on Oct. 27, 2020, and also had an interim peak of $217.83 on Feb. 17, 2021.However, by Jan. 10, 2022, it was down to $127.65. It even had a trough price of $112.09 on Dec. 29, 2021. This means that the stock is now down almost 60% from its peak in Oct. 2020. From its mini-peak of $217.82 in early Feb. 2021, BABA stock is still down just over 41% at $127.65.But for some reason, this hasn’t deterred Charlie Munger as Chairman of DJCO. His company is still buying more BABA stock.Munger Loves AlibabaA recent filing by DJCO showed that it ended 2021 with 602,060 Alibaba ADRs. According toBarron’smagazine, this means it bought a net 300,000 ADRs during Q4 of the Chinese company. It had owned 302,060 Alibaba ADRs at Q3 end. Moreover, according to Barron’s, it had bought 136,740 more ADRs during Q3. So, in effect, DJCO has been averaging down in its cost.Moreover, Daily Journal didn’t make changes in other investments during Q4. So, it’s clear that Munger et al really like Alibaba stock, even though it has been falling.What could be the reason for this? Well, as Munger is known as a long-term value buyer, BABA shares trade at a historical low in terms of its valuation metrics.BABA Stock Is Cheap HistoricallyFor example, right now analysts estimate that the company will earn $8.39 in earnings per share (EPS) in 2022 and $9.51 for 2023. These estimates are from Refinitiv’s analyst surveys, as shown on theYahoo! Financeanalysis page.S0, at Jan. 10’s price, BABA stock is at 15.2 times 2022 earnings (i.e., $127.65/$8.39) and 13.4 times (i.e., $127.65/9.51). This is a cheap valuation situation on an absolute basis.But on a historical basis, these metrics are also cheap relative to past P/E ratios. For example, Morningstar shows that the average forward P/E for the past 5 years has been 25.7 times. That is well over the 15x and 13x.In fact, even if you average the past 4 years, including 2021 when Alibaba was cheap all year, the average forward P/E ratio is 18.6x. This implies that even this year’s 15.2 times metric is too cheap. The potential upside is 22.3% (i.e., 18.6/15.2-1). Compared to 2023 forward earnings, the stock is 38.8% too cheap (i.e., 18.6/13.4 – 1).What to Do With BABA StockThe stock is cheap for a reason. There is a lot of fear out there that all Chinese stocks will get delisted. In fact,Barron’ magazine has written that investors should not buy BABA stock.My attitude about this is very simple. There are always good reasons for a stock to be cheap. If the company is not going out of business, has lots of free cash flow and little debt, which is the case here, there is usually not too much to worry about. Even the delisting issue is not much of an issue, since it would likely trade on a foreign exchange. That should never deter you from buying a stock that is cheap.So my take is that, if you can afford to copy Munger, you will probably do well in the long term.","news_type":1},"isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184691536941160,"gmtCreate":1686115339578,"gmtModify":1686115344285,"author":{"id":"3586485241688415","authorId":"3586485241688415","name":"TM Unlimited","avatar":"https://community-static.tradeup.com/news/efed00362372203f20616ff720818cb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Buy","listText":"Buy","text":"Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184691536941160","repostId":"2341381639","repostType":2,"isVote":1,"tweetType":1,"viewCount":209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954861328,"gmtCreate":1676249078365,"gmtModify":1676249082280,"author":{"id":"3586485241688415","authorId":"3586485241688415","name":"TM Unlimited","avatar":"https://community-static.tradeup.com/news/efed00362372203f20616ff720818cb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ka-Ching !","listText":"Ka-Ching !","text":"Ka-Ching !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954861328","repostId":"1177479413","repostType":2,"repost":{"id":"1177479413","pubTimestamp":1676244105,"share":"https://www.laohu8.com/m/news/1177479413?lang=&edition=full","pubTime":"2023-02-13 07:21","market":"us","language":"en","title":"DBS Beats Forecasts on Higher Lending, to Give Special Dividend","url":"https://stock-news.laohu8.com/highlight/detail?id=1177479413","media":"Bloomberg","summary":"DBS Group Holdings Ltd. reported a surge in fourth-quarter profit that beat expectations, thanks to ","content":"<html><head></head><body><p>DBS Group Holdings Ltd. reported a surge in fourth-quarter profit that beat expectations, thanks to gains from both lending and as interest rates provide a tailwind.</p><p>Net income increased 69% to S$2.34 billion ($1.76 billion) in the three months ended Dec. 31, Southeast Asia’s biggest lender said in a statement Monday. That beat an average estimate of S$2.17 billion from four analysts surveyed by Bloomberg. The bank also announced a special dividend of 50 Singapore cents a share, citing its strong capital base.</p><p>DBS, led by Chief Executive Officer Piyush Gupta, joins lenders getting a lift from rising global interest rates after stock market volatility led to a leaner period for dealmaking and fees from advising rich clients. The bank is set to benefit from an eventual uptick in wealth-management net flows and rising credit card fees as travel picks up, Bloomberg Intelligence analyst Sarah Jane Mahmud wrote in a note Feb. 8.</p><p>“Our business pipelines are healthy and asset quality robust,” Gupta said in the statement. “We expect confidence to return to markets in the coming year as interest rate increases ease and China reopens.”</p><p>Competitors Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. are due to report results next week.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DBS Beats Forecasts on Higher Lending, to Give Special Dividend</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\">\nDBS Beats Forecasts on Higher Lending, to Give Special Dividend\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-13 07:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-02-12/dbs-beats-forecasts-on-higher-lending-to-give-special-dividend?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>DBS Group Holdings Ltd. reported a surge in fourth-quarter profit that beat expectations, thanks to gains from both lending and as interest rates provide a tailwind.Net income increased 69% to S$2.34 ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-02-12/dbs-beats-forecasts-on-higher-lending-to-give-special-dividend?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股","STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.bloomberg.com/news/articles/2023-02-12/dbs-beats-forecasts-on-higher-lending-to-give-special-dividend?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177479413","content_text":"DBS Group Holdings Ltd. reported a surge in fourth-quarter profit that beat expectations, thanks to gains from both lending and as interest rates provide a tailwind.Net income increased 69% to S$2.34 billion ($1.76 billion) in the three months ended Dec. 31, Southeast Asia’s biggest lender said in a statement Monday. That beat an average estimate of S$2.17 billion from four analysts surveyed by Bloomberg. The bank also announced a special dividend of 50 Singapore cents a share, citing its strong capital base.DBS, led by Chief Executive Officer Piyush Gupta, joins lenders getting a lift from rising global interest rates after stock market volatility led to a leaner period for dealmaking and fees from advising rich clients. The bank is set to benefit from an eventual uptick in wealth-management net flows and rising credit card fees as travel picks up, Bloomberg Intelligence analyst Sarah Jane Mahmud wrote in a note Feb. 8.“Our business pipelines are healthy and asset quality robust,” Gupta said in the statement. “We expect confidence to return to markets in the coming year as interest rate increases ease and China reopens.”Competitors Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. are due to report results next week.","news_type":1},"isVote":1,"tweetType":1,"viewCount":132,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}