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pckisaax
2021-08-04
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Amazon: Advertising Could Be A Crown Jewel
pckisaax
2021-08-04
Wowowow
China's Nayuki says gets clean chit on food safety after regulatory checks
pckisaax
2023-09-04
$Mapletree PanAsia Com Tr(N2IU.SI)$
pckisaax
06-19
$Mapletree PanAsia Com Tr(N2IU.SI)$
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Tr(N2IU.SI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/216296817524976","isVote":1,"tweetType":1,"viewCount":162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807731624,"gmtCreate":1628056292068,"gmtModify":1703500404507,"author":{"id":"4089871672728010","authorId":"4089871672728010","name":"pckisaax","avatar":"https://static.tigerbbs.com/0bf12b648bf13309047c115306c8cc18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089871672728010","authorIdStr":"4089871672728010"},"themes":[],"htmlText":"Wowowow","listText":"Wowowow","text":"Wowowow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/807731624","repostId":"2156171503","repostType":4,"repost":{"id":"2156171503","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":1628055855,"share":"https://ttm.financial/m/news/2156171503?lang=&edition=fundamental","pubTime":"2021-08-04 13:44","market":"us","language":"en","title":"China's Nayuki says gets clean chit on food safety after regulatory checks","url":"https://stock-news.laohu8.com/highlight/detail?id=2156171503","media":"Reuters","summary":"BEIJING (Reuters) - Chinese teahouse company Nayuki Holdings said on Wednesday inspections by regula","content":"<p>BEIJING (Reuters) - Chinese teahouse company Nayuki Holdings said on Wednesday inspections by regulators of its stores had unearthed no food safety violations as described in a Xinhua report and that it was not fined or penalised.</p>\n<p>Nayuki, which sells drinks such as fruit teas topped with cheese foam, became the latest company to attract the attention of regulators in China following state media reports.</p>\n<p>State news agency Xinhua reported on Monday that some of Nayuki's stores had cockroaches and staff there used rotten fruit to make drinks. 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It added that it has set up a task force to investigate food safety issues and that the two Beijing teahouses listed in the media report have suspended operations to facilitate the investigation.</p>\n<p>($1 = 6.4628 Chinese yuan renminbi)</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>China's Nayuki says gets clean chit on food safety after regulatory checks</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\">\nChina's Nayuki says gets clean chit on food safety after regulatory checks\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\">2021-08-04 13:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BEIJING (Reuters) - Chinese teahouse company Nayuki Holdings said on Wednesday inspections by regulators of its stores had unearthed no food safety violations as described in a Xinhua report and that it was not fined or penalised.</p>\n<p>Nayuki, which sells drinks such as fruit teas topped with cheese foam, became the latest company to attract the attention of regulators in China following state media reports.</p>\n<p>State news agency Xinhua reported on Monday that some of Nayuki's stores had cockroaches and staff there used rotten fruit to make drinks. It listed two Nayuki stores in Beijing as guilty of the violations.</p>\n<p>Following the report, the southern province of Guangdong said in a statement on Tuesday it held talks with Nayuki on the matter.</p>\n<p>Nayuki said in a statement on Wednesday regulatory officials from different cities had made hygiene checks on 186 of its total 603 teahouses across China but found no issues as described by the Xinhua report.</p>\n<p>The chain also said it had not been subject to any fines or penalties by regulators. It added that it has set up a task force to investigate food safety issues and that the two Beijing teahouses listed in the media report have suspended operations to facilitate the investigation.</p>\n<p>($1 = 6.4628 Chinese yuan renminbi)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02150":"奈雪的茶"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156171503","content_text":"BEIJING (Reuters) - Chinese teahouse company Nayuki Holdings said on Wednesday inspections by regulators of its stores had unearthed no food safety violations as described in a Xinhua report and that it was not fined or penalised.\nNayuki, which sells drinks such as fruit teas topped with cheese foam, became the latest company to attract the attention of regulators in China following state media reports.\nState news agency Xinhua reported on Monday that some of Nayuki's stores had cockroaches and staff there used rotten fruit to make drinks. It listed two Nayuki stores in Beijing as guilty of the violations.\nFollowing the report, the southern province of Guangdong said in a statement on Tuesday it held talks with Nayuki on the matter.\nNayuki said in a statement on Wednesday regulatory officials from different cities had made hygiene checks on 186 of its total 603 teahouses across China but found no issues as described by the Xinhua report.\nThe chain also said it had not been subject to any fines or penalties by regulators. It added that it has set up a task force to investigate food safety issues and that the two Beijing teahouses listed in the media report have suspended operations to facilitate the investigation.\n($1 = 6.4628 Chinese yuan renminbi)","news_type":1},"isVote":1,"tweetType":1,"viewCount":277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807733253,"gmtCreate":1628056206072,"gmtModify":1703500403514,"author":{"id":"4089871672728010","authorId":"4089871672728010","name":"pckisaax","avatar":"https://static.tigerbbs.com/0bf12b648bf13309047c115306c8cc18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089871672728010","authorIdStr":"4089871672728010"},"themes":[],"htmlText":"Nice nice...","listText":"Nice nice...","text":"Nice nice...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/807733253","repostId":"1171220910","repostType":4,"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":807733253,"gmtCreate":1628056206072,"gmtModify":1703500403514,"author":{"id":"4089871672728010","authorId":"4089871672728010","name":"pckisaax","avatar":"https://static.tigerbbs.com/0bf12b648bf13309047c115306c8cc18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089871672728010","authorIdStr":"4089871672728010"},"themes":[],"htmlText":"Nice nice...","listText":"Nice nice...","text":"Nice nice...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/807733253","repostId":"1171220910","repostType":4,"repost":{"id":"1171220910","pubTimestamp":1628054950,"share":"https://ttm.financial/m/news/1171220910?lang=&edition=fundamental","pubTime":"2021-08-04 13:29","market":"us","language":"en","title":"Amazon: Advertising Could Be A Crown Jewel","url":"https://stock-news.laohu8.com/highlight/detail?id=1171220910","media":"seekingalpha","summary":"Summary\n\nAmazon will have challenging comps over the next 2 to 3 quarters but should normalize towar","content":"<p><b>Summary</b></p>\n<ul>\n <li>Amazon will have challenging comps over the next 2 to 3 quarters but should normalize towards 20% CAGR after that.</li>\n <li>Discussing Amazon's Other segment and how advertising is shaping up to be a crown jewel.</li>\n <li>Why the stock is now very attractively priced at 4x sales.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/130b8029e88d1cc42173e1d7f404958a\" tg-width=\"1536\" tg-height=\"1171\" width=\"100%\" height=\"auto\"><span>arlutz73/iStock Editorial via Getty Images</span></p>\n<p><b>Investment Thesis</b></p>\n<p>Amazon (AMZN) has rarely missed the consensus. So this is not a reason to throw in the towel on this investment.</p>\n<p>Moreover, although Amazon declares that its comps will get tough over the coming few quarters, Amazon's CAGR will normalize towards 20% sooner rather than later.</p>\n<p>Meanwhile, Amazon's advertising business may emerge as a future crown jewel for driving margin expansion.</p>\n<p>Amazon right now is priced at approximately 4x its 2021 sales.<i>Hence, it's difficult to argue that the stock is anything but attractively valued.</i></p>\n<p><b>Revenue Growth Rates Slow Down</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5f8c0ff9a26bd0a48a130b60ba2a206b\" tg-width=\"640\" tg-height=\"259\" width=\"100%\" height=\"auto\"><span>Source: author's calculations; **high-end company guidance</span></p>\n<p>As has been widely discussed, Amazon's guidance for Q3 2021 is less than many investors had hoped for. Indeed, admittedly, this guidance for Q3 took me by surprise.</p>\n<p>What's more, Amazon's commentary during the call was a wake-up call to many, myself included, that although Amazon is a formidable e-commerce company, it not only meaningfully benefited from the pandemic but that it is forced to come up against tough comps over the next two to three quarters.<i>In short, its opportunity to report impressive revenue growth rates will be challenged.</i></p>\n<p>Moreover, Amazon's CFO Brian Olsavsky was open about the fact that Amazon had been growing at approximately 21% CAGR pre-pandemic and that's the rough CAGR that Amazon will return to growing once these challenging comps are overcome.</p>\n<p>Within this context, I find it useful to go back to basics and think about a successful investing strategy.</p>\n<p><b>Basic Rules to Successful Investing</b></p>\n<p>When investing, it's not good enough to be attracted to a company that everyone else is attracted to. Investors looking to outperform need to embrace a nonconsensus view.</p>\n<p><i>And to further complicate, being nonconsensus and full of conviction isn't enough. Investors need to be nonconsensus, full of conviction, and correct in a timely fashion.</i></p>\n<p>Because being right in the long run may occasionally work out, but in reality, for the vast majority of investors,<i>having to underperform the benchmark for more than 2 years would bring up hard questions from their performance.</i></p>\n<p>Moreover, declaring that one can put up with underperformance to be proven eventually right, is so much easier to say than it is to do.</p>\n<p>Now, let's discuss what's compelling about Amazon's prospects.</p>\n<p><b>Amazon's Future Crown Jewel?</b></p>\n<p>Amazon shareholders are well aware of the tangible and intangible benefits that its Prime memberships provide Amazon. For example, not only does Prime bring in $8 billion in revenues as of Q2 2021, but it also keeps its members more engaged with the platform.</p>\n<p>Further, Prime members shop more frequently on Amazon with the average ticket order being higher too.</p>\n<p>Thus, we can conclude that Amazon Prime continues to be an impressive success for Amazon.</p>\n<p>However, what I believe investors are less focused upon is Amazon's Other segment. Not only has Amazon's Other segment generated $8 billion in revenues during Q2, but perhaps more important, it's worthwhile discussing that this segment continues to accelerate and was up 83% y/y.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c76eaad42dab2d39538718196d41f5cc\" tg-width=\"640\" tg-height=\"259\" width=\"100%\" height=\"auto\"><span>Source: author's calculations; Other revenues</span></p>\n<p>Thus, not only is Amazon's Other segment, which is mostly made up of its advertising business, now bringing in the same amount of revenue as Amazon's Prime membership, but as Amazon comes to report Q3 2021, its Other segment will be generating more revenue than Prime.</p>\n<p>Furthermore, although Amazon doesn't offer too many details on this segment's profitability profile, it is perhaps no coincidence that as this segment starts to gather scale that Amazon's profit margins are improving.</p>\n<p>To illustrate, as of Q2 2021, Amazon's margins were 200 basis points y/y. What's more, if we look towards large advertising platforms, such as Alphabet (GOOG) (GOOGL) or Facebook (FB), these companies are coveted for their eye-watering profit margins.</p>\n<p>Consider that, for smaller merchants selling through Amazon, paying for advertising at the exact time and place where the consumer finds herself is<i>akin to buying premium shelf space at retailers</i>. Also, advertising allows lesser known products to surface and meet the consumer at the exact time that the consumer is about to complete her purchase.</p>\n<p>Now, let's discuss Amazon's valuation.</p>\n<p><b>Valuation - Attractively Priced</b></p>\n<p>When it comes to investing, there are two sides of the spectrum to investing</p>\n<p>1)<i>You can buy when others won't and sell when others want.</i></p>\n<p>2)<i>Or you can buy when animal spirits are running high, and sell together with everyone else when the company hits the rough patch.</i></p>\n<p>Within this framework, Amazon has rarely been a cheap stock. Right now, despite a lot of volatility in the stock over the past year, the stock has barely moved at all over the past year.</p>\n<p>Consequently, presently, Amazon is priced at 4x sales. For a company as diversified and with as much reach as Amazon, this is a very compelling valuation.</p>\n<p>What's more, even though this is largely inline with the multiple to sales that Amazon has traded for over the past two years, at least right now, we are starting to see Amazon as a profitable enterprise.</p>\n<p>And as discussed already, I thoroughly suspect that as its advertising business continues to gain scale, that Amazon's profit margins will continue to expand.</p>\n<p>In the past, investors would have struggled to believe that Amazon could be much more than 10% operating margin company. However, given its advertising business and AWS continuing to grow at a strong clip, it's not impossible that Amazon may in time reach 12% to 15% operating margins.</p>\n<p><b>The Bottom Line</b></p>\n<p>Amazon rarely underperforms the S&P500 (SPY). However, during the past year, Amazon has done just that. For investors, having to put up with slightly dimmed outlook over the next 2 to 3 quarters is simply too big a price to pay.</p>\n<p><i>However, I argue, that buying when others won't when the stock is priced with a compressed multiple, is often a very rewarding strategy.</i></p>\n<p>Having said all that, even though I'm very much a contrarian investor and inclined to buy stocks that are on sale, right now I'm favoring smaller cap stocks, as many names are now firmly in correction territory.</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>Amazon: Advertising Could Be A Crown Jewel</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\">\nAmazon: Advertising Could Be A Crown Jewel\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-04 13:29 GMT+8 <a href=https://seekingalpha.com/article/4444322-amazon-stock-advertising-future-crown-jewel><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAmazon will have challenging comps over the next 2 to 3 quarters but should normalize towards 20% CAGR after that.\nDiscussing Amazon's Other segment and how advertising is shaping up to be a ...</p>\n\n<a href=\"https://seekingalpha.com/article/4444322-amazon-stock-advertising-future-crown-jewel\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4444322-amazon-stock-advertising-future-crown-jewel","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171220910","content_text":"Summary\n\nAmazon will have challenging comps over the next 2 to 3 quarters but should normalize towards 20% CAGR after that.\nDiscussing Amazon's Other segment and how advertising is shaping up to be a crown jewel.\nWhy the stock is now very attractively priced at 4x sales.\n\narlutz73/iStock Editorial via Getty Images\nInvestment Thesis\nAmazon (AMZN) has rarely missed the consensus. So this is not a reason to throw in the towel on this investment.\nMoreover, although Amazon declares that its comps will get tough over the coming few quarters, Amazon's CAGR will normalize towards 20% sooner rather than later.\nMeanwhile, Amazon's advertising business may emerge as a future crown jewel for driving margin expansion.\nAmazon right now is priced at approximately 4x its 2021 sales.Hence, it's difficult to argue that the stock is anything but attractively valued.\nRevenue Growth Rates Slow Down\nSource: author's calculations; **high-end company guidance\nAs has been widely discussed, Amazon's guidance for Q3 2021 is less than many investors had hoped for. Indeed, admittedly, this guidance for Q3 took me by surprise.\nWhat's more, Amazon's commentary during the call was a wake-up call to many, myself included, that although Amazon is a formidable e-commerce company, it not only meaningfully benefited from the pandemic but that it is forced to come up against tough comps over the next two to three quarters.In short, its opportunity to report impressive revenue growth rates will be challenged.\nMoreover, Amazon's CFO Brian Olsavsky was open about the fact that Amazon had been growing at approximately 21% CAGR pre-pandemic and that's the rough CAGR that Amazon will return to growing once these challenging comps are overcome.\nWithin this context, I find it useful to go back to basics and think about a successful investing strategy.\nBasic Rules to Successful Investing\nWhen investing, it's not good enough to be attracted to a company that everyone else is attracted to. Investors looking to outperform need to embrace a nonconsensus view.\nAnd to further complicate, being nonconsensus and full of conviction isn't enough. Investors need to be nonconsensus, full of conviction, and correct in a timely fashion.\nBecause being right in the long run may occasionally work out, but in reality, for the vast majority of investors,having to underperform the benchmark for more than 2 years would bring up hard questions from their performance.\nMoreover, declaring that one can put up with underperformance to be proven eventually right, is so much easier to say than it is to do.\nNow, let's discuss what's compelling about Amazon's prospects.\nAmazon's Future Crown Jewel?\nAmazon shareholders are well aware of the tangible and intangible benefits that its Prime memberships provide Amazon. For example, not only does Prime bring in $8 billion in revenues as of Q2 2021, but it also keeps its members more engaged with the platform.\nFurther, Prime members shop more frequently on Amazon with the average ticket order being higher too.\nThus, we can conclude that Amazon Prime continues to be an impressive success for Amazon.\nHowever, what I believe investors are less focused upon is Amazon's Other segment. Not only has Amazon's Other segment generated $8 billion in revenues during Q2, but perhaps more important, it's worthwhile discussing that this segment continues to accelerate and was up 83% y/y.\nSource: author's calculations; Other revenues\nThus, not only is Amazon's Other segment, which is mostly made up of its advertising business, now bringing in the same amount of revenue as Amazon's Prime membership, but as Amazon comes to report Q3 2021, its Other segment will be generating more revenue than Prime.\nFurthermore, although Amazon doesn't offer too many details on this segment's profitability profile, it is perhaps no coincidence that as this segment starts to gather scale that Amazon's profit margins are improving.\nTo illustrate, as of Q2 2021, Amazon's margins were 200 basis points y/y. What's more, if we look towards large advertising platforms, such as Alphabet (GOOG) (GOOGL) or Facebook (FB), these companies are coveted for their eye-watering profit margins.\nConsider that, for smaller merchants selling through Amazon, paying for advertising at the exact time and place where the consumer finds herself isakin to buying premium shelf space at retailers. Also, advertising allows lesser known products to surface and meet the consumer at the exact time that the consumer is about to complete her purchase.\nNow, let's discuss Amazon's valuation.\nValuation - Attractively Priced\nWhen it comes to investing, there are two sides of the spectrum to investing\n1)You can buy when others won't and sell when others want.\n2)Or you can buy when animal spirits are running high, and sell together with everyone else when the company hits the rough patch.\nWithin this framework, Amazon has rarely been a cheap stock. Right now, despite a lot of volatility in the stock over the past year, the stock has barely moved at all over the past year.\nConsequently, presently, Amazon is priced at 4x sales. For a company as diversified and with as much reach as Amazon, this is a very compelling valuation.\nWhat's more, even though this is largely inline with the multiple to sales that Amazon has traded for over the past two years, at least right now, we are starting to see Amazon as a profitable enterprise.\nAnd as discussed already, I thoroughly suspect that as its advertising business continues to gain scale, that Amazon's profit margins will continue to expand.\nIn the past, investors would have struggled to believe that Amazon could be much more than 10% operating margin company. However, given its advertising business and AWS continuing to grow at a strong clip, it's not impossible that Amazon may in time reach 12% to 15% operating margins.\nThe Bottom Line\nAmazon rarely underperforms the S&P500 (SPY). However, during the past year, Amazon has done just that. For investors, having to put up with slightly dimmed outlook over the next 2 to 3 quarters is simply too big a price to pay.\nHowever, I argue, that buying when others won't when the stock is priced with a compressed multiple, is often a very rewarding strategy.\nHaving said all that, even though I'm very much a contrarian investor and inclined to buy stocks that are on sale, right now I'm favoring smaller cap stocks, as many names are now firmly in correction territory.","news_type":1},"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807731624,"gmtCreate":1628056292068,"gmtModify":1703500404507,"author":{"id":"4089871672728010","authorId":"4089871672728010","name":"pckisaax","avatar":"https://static.tigerbbs.com/0bf12b648bf13309047c115306c8cc18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089871672728010","authorIdStr":"4089871672728010"},"themes":[],"htmlText":"Wowowow","listText":"Wowowow","text":"Wowowow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/807731624","repostId":"2156171503","repostType":4,"repost":{"id":"2156171503","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":1628055855,"share":"https://ttm.financial/m/news/2156171503?lang=&edition=fundamental","pubTime":"2021-08-04 13:44","market":"us","language":"en","title":"China's Nayuki says gets clean chit on food safety after regulatory checks","url":"https://stock-news.laohu8.com/highlight/detail?id=2156171503","media":"Reuters","summary":"BEIJING (Reuters) - Chinese teahouse company Nayuki Holdings said on Wednesday inspections by regula","content":"<p>BEIJING (Reuters) - Chinese teahouse company Nayuki Holdings said on Wednesday inspections by regulators of its stores had unearthed no food safety violations as described in a Xinhua report and that it was not fined or penalised.</p>\n<p>Nayuki, which sells drinks such as fruit teas topped with cheese foam, became the latest company to attract the attention of regulators in China following state media reports.</p>\n<p>State news agency Xinhua reported on Monday that some of Nayuki's stores had cockroaches and staff there used rotten fruit to make drinks. It listed two Nayuki stores in Beijing as guilty of the violations.</p>\n<p>Following the report, the southern province of Guangdong said in a statement on Tuesday it held talks with Nayuki on the matter.</p>\n<p>Nayuki said in a statement on Wednesday regulatory officials from different cities had made hygiene checks on 186 of its total 603 teahouses across China but found no issues as described by the Xinhua report.</p>\n<p>The chain also said it had not been subject to any fines or penalties by regulators. It added that it has set up a task force to investigate food safety issues and that the two Beijing teahouses listed in the media report have suspended operations to facilitate the investigation.</p>\n<p>($1 = 6.4628 Chinese yuan renminbi)</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>China's Nayuki says gets clean chit on food safety after regulatory checks</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\">\nChina's Nayuki says gets clean chit on food safety after regulatory checks\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\">2021-08-04 13:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BEIJING (Reuters) - Chinese teahouse company Nayuki Holdings said on Wednesday inspections by regulators of its stores had unearthed no food safety violations as described in a Xinhua report and that it was not fined or penalised.</p>\n<p>Nayuki, which sells drinks such as fruit teas topped with cheese foam, became the latest company to attract the attention of regulators in China following state media reports.</p>\n<p>State news agency Xinhua reported on Monday that some of Nayuki's stores had cockroaches and staff there used rotten fruit to make drinks. It listed two Nayuki stores in Beijing as guilty of the violations.</p>\n<p>Following the report, the southern province of Guangdong said in a statement on Tuesday it held talks with Nayuki on the matter.</p>\n<p>Nayuki said in a statement on Wednesday regulatory officials from different cities had made hygiene checks on 186 of its total 603 teahouses across China but found no issues as described by the Xinhua report.</p>\n<p>The chain also said it had not been subject to any fines or penalties by regulators. It added that it has set up a task force to investigate food safety issues and that the two Beijing teahouses listed in the media report have suspended operations to facilitate the investigation.</p>\n<p>($1 = 6.4628 Chinese yuan renminbi)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02150":"奈雪的茶"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156171503","content_text":"BEIJING (Reuters) - Chinese teahouse company Nayuki Holdings said on Wednesday inspections by regulators of its stores had unearthed no food safety violations as described in a Xinhua report and that it was not fined or penalised.\nNayuki, which sells drinks such as fruit teas topped with cheese foam, became the latest company to attract the attention of regulators in China following state media reports.\nState news agency Xinhua reported on Monday that some of Nayuki's stores had cockroaches and staff there used rotten fruit to make drinks. It listed two Nayuki stores in Beijing as guilty of the violations.\nFollowing the report, the southern province of Guangdong said in a statement on Tuesday it held talks with Nayuki on the matter.\nNayuki said in a statement on Wednesday regulatory officials from different cities had made hygiene checks on 186 of its total 603 teahouses across China but found no issues as described by the Xinhua report.\nThe chain also said it had not been subject to any fines or penalties by regulators. It added that it has set up a task force to investigate food safety issues and that the two Beijing teahouses listed in the media report have suspended operations to facilitate the investigation.\n($1 = 6.4628 Chinese yuan renminbi)","news_type":1},"isVote":1,"tweetType":1,"viewCount":277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":216296817524976,"gmtCreate":1693837556712,"gmtModify":1693838436934,"author":{"id":"4089871672728010","authorId":"4089871672728010","name":"pckisaax","avatar":"https://static.tigerbbs.com/0bf12b648bf13309047c115306c8cc18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089871672728010","authorIdStr":"4089871672728010"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/N2IU.SI\">$Mapletree PanAsia Com Tr(N2IU.SI)$ </a><v-v data-views=\"0\"></v-v>","listText":"<a href=\"https://ttm.financial/S/N2IU.SI\">$Mapletree PanAsia Com Tr(N2IU.SI)$ </a><v-v data-views=\"0\"></v-v>","text":"$Mapletree PanAsia Com Tr(N2IU.SI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/216296817524976","isVote":1,"tweetType":1,"viewCount":162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":318381923713200,"gmtCreate":1718758052922,"gmtModify":1718761775881,"author":{"id":"4089871672728010","authorId":"4089871672728010","name":"pckisaax","avatar":"https://static.tigerbbs.com/0bf12b648bf13309047c115306c8cc18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089871672728010","authorIdStr":"4089871672728010"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/N2IU.SI\">$Mapletree PanAsia Com Tr(N2IU.SI)$ </a><v-v data-views=\"0\"></v-v> ","listText":"<a href=\"https://ttm.financial/S/N2IU.SI\">$Mapletree PanAsia Com Tr(N2IU.SI)$ </a><v-v data-views=\"0\"></v-v> ","text":"$Mapletree PanAsia Com Tr(N2IU.SI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/318381923713200","isVote":1,"tweetType":1,"viewCount":225,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
