tykimikki personal page - To The Moon

tykimikki

tykimikki

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2022-08-18

What do u all think abt Btc ?

Largest Bitcoin Miners Lost Over $1 Billion During Crypto Crash

2023-03-06

$STARHUB LTD(CC3.SI)$ Will fall further??

2022-07-19

$CSOP S-REITs INDEX ETF(SRT.SI)$ will thisfly??

2022-05-23

$CSOP S-REITs INDEX ETF(SRT.SI)$ Are there any Div ?

2022-11-10

$STARHUB LTD(CC3.SI)$

2022-09-21

$ISHARESHSTECH(03067)$Do they give dividend?

2022-07-29

Thanks

Alibaba Vs. JD.Com: Let's Hear The Bears Out

2022-05-20

$OVERSEA-CHINESE BANKING CORP(O39.SI)$Cry

2022-06-29

$CSOP S-REITs INDEX ETF(SRT.SI)$ Got dividend ?[What]

2022-11-13

$STARHUB LTD(CC3.SI)$ what do you all think at this price $1.03? Up or down more?

2022-08-11

Gd

U.S. PPI Fell 0.5% in July After 1.1% Gain in Prior Month; Initial Jobless Claims Rose to 262,000 in the Latest Week

2023-01-31

$STARHUB LTD(CC3.SI)$ Why up so much ?

2022-10-28

$Tiger Brokers(TIGR)$

2022-05-10

$CSOP S-REITs INDEX ETF(SRT.SI)$cry

09-07

$StarHub(CC3.SI)$

2023-11-04

Great ariticle, would you like to share it?

@Capital_Insights:Blue Chip Daily: Focus on Stocks Over the 20, 50 and 200-sma

2023-11-04

Great ariticle, would you like to share it?

@Meme_Tiger:🎁WeWork Bankrupt? Which Meme Stock is Next?

2023-11-04

Great ariticle, would you like to share it?

@MillionaireTiger:Do You Know of Any 'Easy Money' or 'Quick Buck' Opportunities in the Stock Market?

2023-03-12

Yippie[Happy] [Happy]

2023-02-06

$STARHUB LTD(CC3.SI)$

Go to Tiger App to see more news

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href=\"https://ttm.financial/S/CC3.SI\">$StarHub(CC3.SI)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/CC3.SI\">$StarHub(CC3.SI)$&nbsp;</a>&nbsp;","text":"$StarHub(CC3.SI)$","images":[{"img":"https://community-static.tradeup.com/news/1d5cd2689f4767f21af40516a4804f81","width":"981","height":"1637"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/346661388824704","isVote":1,"tweetType":1,"viewCount":208,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":237679423266824,"gmtCreate":1699062740211,"gmtModify":1699062743265,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098449671449560","idStr":"4098449671449560"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237679423266824","repostId":"237464593219656","repostType":1,"repost":{"id":237464593219656,"gmtCreate":1699011651894,"gmtModify":1699011672289,"author":{"id":"3527667668165440","authorId":"3527667668165440","name":"Capital_Insights","avatar":"https://static.tigerbbs.com/cfdc66fff48bb2b9e2d328ac5eb33100","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667668165440","idStr":"3527667668165440"},"themes":[],"title":"Blue Chip Daily: Focus on Stocks Over the 20, 50 and 200-sma","htmlText":"Larry Tentarelli @bluechipdaily<a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> reclaimed the 40-Week MA today, Still below 10-week. Needs a close over 4400 to reclaim 20-week MA and more importantly put in a higher high.All 11 <a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> 500 sectors were up, by 1.3% or more. These strong breadth moves are usually at the beginning of a bigger trend move, as we saw in June.Do your have trading target stock for November?For individual stocks, Index direction and trend are key. For stock selection, over the 20, 50 and 200-sma are often the strongest stocks. Other criteria go into stock selection. 206 large caps &gt; 20, 50 &amp; 200. Coming out of an index drawdown, I use a combination of ETFs (for size) &amp; single stocks.","listText":"Larry Tentarelli @bluechipdaily<a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> reclaimed the 40-Week MA today, Still below 10-week. Needs a close over 4400 to reclaim 20-week MA and more importantly put in a higher high.All 11 <a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> 500 sectors were up, by 1.3% or more. These strong breadth moves are usually at the beginning of a bigger trend move, as we saw in June.Do your have trading target stock for November?For individual stocks, Index direction and trend are key. For stock selection, over the 20, 50 and 200-sma are often the strongest stocks. Other criteria go into stock selection. 206 large caps &gt; 20, 50 &amp; 200. Coming out of an index drawdown, I use a combination of ETFs (for size) &amp; single stocks.","text":"Larry Tentarelli @bluechipdaily$S&P 500(.SPX)$ reclaimed the 40-Week MA today, Still below 10-week. Needs a close over 4400 to reclaim 20-week MA and more importantly put in a higher high.All 11 $S&P 500(.SPX)$ 500 sectors were up, by 1.3% or more. These strong breadth moves are usually at the beginning of a bigger trend move, as we saw in June.Do your have trading target stock for November?For individual stocks, Index direction and trend are key. For stock selection, over the 20, 50 and 200-sma are often the strongest stocks. Other criteria go into stock selection. 206 large caps > 20, 50 & 200. Coming out of an index drawdown, I use a combination of ETFs (for size) & single stocks.","images":[{"img":"https://community-static.tradeup.com/news/d4bd8de9eba68b9434ecb1e8d0c19a45","width":"680","height":"431"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237464593219656","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":345,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":237679255146632,"gmtCreate":1699062715644,"gmtModify":1699062718852,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098449671449560","idStr":"4098449671449560"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237679255146632","repostId":"237134597373968","repostType":1,"repost":{"id":237134597373968,"gmtCreate":1698931175369,"gmtModify":1699253435340,"author":{"id":"10000000000010945","authorId":"10000000000010945","name":"Meme_Tiger","avatar":"https://community-static.tradeup.com/news/eb1a09788252e1f02cd561cbf0b1ac99","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"10000000000010945","idStr":"10000000000010945"},"themes":[],"title":"🎁WeWork Bankrupt? Which Meme Stock is Next?","htmlText":"According to report by WSJ, <a href=\"https://ttm.financial/S/WE\">$WeWork(WE)$</a> plans to file for bankruptcy as early as next week.WeWork, once highly anticipated, experienced a significant decline in value (once at $47 billion) due to management issues and investor concerns.With its business model questioned by many, will WeWork receive more funds or be acquired by big tech?$10 bln funds vs. $10 bln debtsSoftBank invested substantial funds of over $10 bln, but WeWork's value plummeted by almost 98%.lose 47% on the bankruptcy newsEarlier on Tuesday, the company told the US financial regulator it had agreed with creditors to temporarily postpone payments for some of its debt.As of June this year, WeWork had 777 office locations in 39 countries, with estimated lease debts of up to $10 bill","listText":"According to report by WSJ, <a href=\"https://ttm.financial/S/WE\">$WeWork(WE)$</a> plans to file for bankruptcy as early as next week.WeWork, once highly anticipated, experienced a significant decline in value (once at $47 billion) due to management issues and investor concerns.With its business model questioned by many, will WeWork receive more funds or be acquired by big tech?$10 bln funds vs. $10 bln debtsSoftBank invested substantial funds of over $10 bln, but WeWork's value plummeted by almost 98%.lose 47% on the bankruptcy newsEarlier on Tuesday, the company told the US financial regulator it had agreed with creditors to temporarily postpone payments for some of its debt.As of June this year, WeWork had 777 office locations in 39 countries, with estimated lease debts of up to $10 bill","text":"According to report by WSJ, $WeWork(WE)$ plans to file for bankruptcy as early as next week.WeWork, once highly anticipated, experienced a significant decline in value (once at $47 billion) due to management issues and investor concerns.With its business model questioned by many, will WeWork receive more funds or be acquired by big tech?$10 bln funds vs. $10 bln debtsSoftBank invested substantial funds of over $10 bln, but WeWork's value plummeted by almost 98%.lose 47% on the bankruptcy newsEarlier on Tuesday, the company told the US financial regulator it had agreed with creditors to temporarily postpone payments for some of its debt.As of June this year, WeWork had 777 office locations in 39 countries, with estimated lease debts of up to $10 bill","images":[{"img":"https://community-static.tradeup.com/news/afe23c48c5cf02d6b4aade2057f6e9f4","width":"1080","height":"1080"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237134597373968","isVote":2,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"vote":{"id":2887,"gmtBegin":1698931333790,"gmtEnd":1699190488977,"type":1,"upper":2,"title":"Will WeWork go bankrupt or short squeeze?","choices":[{"id":10718,"sort":1,"name":"Bankrupt of course","userSize":72,"voted":false},{"id":10719,"sort":2,"name":"OMG! Short squeeze and TTM!! ","userSize":37,"voted":false},{"id":10720,"sort":3,"name":"Be acquired by big tech, who knows?","userSize":27,"voted":false},{"id":10721,"sort":4,"name":"Financing by Softbank or other big guys","userSize":28,"voted":false}]},"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":476,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":237678611661000,"gmtCreate":1699062701253,"gmtModify":1699065307024,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098449671449560","idStr":"4098449671449560"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237678611661000","repostId":"237111601414216","repostType":1,"repost":{"id":237111601414216,"gmtCreate":1698925472255,"gmtModify":1698925519859,"author":{"id":"3527667618821228","authorId":"3527667618821228","name":"MillionaireTiger","avatar":"https://static.tigerbbs.com/dc558bf32e48ad6ed6d057026ef55af7","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667618821228","idStr":"3527667618821228"},"themes":[],"title":"Do You Know of Any 'Easy Money' or 'Quick Buck' Opportunities in the Stock Market?","htmlText":"Welcome to Thursday Special!In the stock market, there are certain investment strategies and tactics that are jokingly referred to as 'easy money' or 'making a quick buck' because they appear to be relatively straightforward and offer a high level of certainty when it comes to making money. 💸💸💸For instance, since the recent escalation of the Israel-Palestine conflict, assets like gold and defense stocks like <a href=\"https://ttm.financial/S/RTX\">$Raytheon Technologies Corporation(RTX)$</a> and <a href=\"https://ttm.financial/S/LMT\">$Lockheed Martin(LMT)$</a> have seen significant surges in the worst October.📈For value investors, it involves seeking undervalued stocks, believing their true worth is higher than their current market price, and then purchasing them, patiently waiting for the ma","listText":"Welcome to Thursday Special!In the stock market, there are certain investment strategies and tactics that are jokingly referred to as 'easy money' or 'making a quick buck' because they appear to be relatively straightforward and offer a high level of certainty when it comes to making money. 💸💸💸For instance, since the recent escalation of the Israel-Palestine conflict, assets like gold and defense stocks like <a href=\"https://ttm.financial/S/RTX\">$Raytheon Technologies Corporation(RTX)$</a> and <a href=\"https://ttm.financial/S/LMT\">$Lockheed Martin(LMT)$</a> have seen significant surges in the worst October.📈For value investors, it involves seeking undervalued stocks, believing their true worth is higher than their current market price, and then purchasing them, patiently waiting for the ma","text":"Welcome to Thursday Special!In the stock market, there are certain investment strategies and tactics that are jokingly referred to as 'easy money' or 'making a quick buck' because they appear to be relatively straightforward and offer a high level of certainty when it comes to making money. 💸💸💸For instance, since the recent escalation of the Israel-Palestine conflict, assets like gold and defense stocks like $Raytheon Technologies Corporation(RTX)$ and $Lockheed Martin(LMT)$ have seen significant surges in the worst October.📈For value investors, it involves seeking undervalued stocks, believing their true worth is higher than their current market price, and then purchasing them, patiently waiting for the ma","images":[{"img":"https://community-static.tradeup.com/news/a72cb9a73b3583f19ba39830ea9d696f","width":"1280","height":"720"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237111601414216","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"subType":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":430,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949682665,"gmtCreate":1678594255958,"gmtModify":1678594261032,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098449671449560","idStr":"4098449671449560"},"themes":[],"htmlText":"Yippie[Happy]&nbsp;[Happy]&nbsp;","listText":"Yippie[Happy]&nbsp;[Happy]&nbsp;","text":"Yippie[Happy] [Happy]","images":[{"img":"https://community-static.tradeup.com/news/6e29e28c662881088048f45ed3e737d5","width":"1125","height":"1476"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949682665","isVote":1,"tweetType":1,"viewCount":534,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9940571034,"gmtCreate":1678076683629,"gmtModify":1678076687700,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098449671449560","idStr":"4098449671449560"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/CC3.SI\">$STARHUB LTD(CC3.SI)$&nbsp;</a>Will fall further??","listText":"<a href=\"https://ttm.financial/S/CC3.SI\">$STARHUB LTD(CC3.SI)$&nbsp;</a>Will fall further??","text":"$STARHUB LTD(CC3.SI)$ Will fall further??","images":[{"img":"https://community-static.tradeup.com/news/2f278e0175aad89524279d89600f39f3","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940571034","isVote":1,"tweetType":1,"viewCount":440,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9955543068,"gmtCreate":1675613099655,"gmtModify":1676539009143,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098449671449560","idStr":"4098449671449560"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/CC3.SI\">$STARHUB LTD(CC3.SI)$&nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/CC3.SI\">$STARHUB LTD(CC3.SI)$&nbsp;</a>","text":"$STARHUB LTD(CC3.SI)$","images":[{"img":"https://community-static.tradeup.com/news/3c825f1f74564e1a78ab49150164ffe4","width":"1170","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955543068","isVote":1,"tweetType":1,"viewCount":509,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9955391628,"gmtCreate":1675180160864,"gmtModify":1676538982400,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098449671449560","idStr":"4098449671449560"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/CC3.SI\">$STARHUB LTD(CC3.SI)$&nbsp;</a>Why up so much ?&nbsp;","listText":"<a href=\"https://ttm.financial/S/CC3.SI\">$STARHUB LTD(CC3.SI)$&nbsp;</a>Why up so much ?&nbsp;","text":"$STARHUB LTD(CC3.SI)$ Why up so much ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955391628","isVote":1,"tweetType":1,"viewCount":425,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9969381165,"gmtCreate":1668354801458,"gmtModify":1676538044349,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098449671449560","idStr":"4098449671449560"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/CC3.SI\">$STARHUB LTD(CC3.SI)$&nbsp;</a>what do you all think at this price $1.03? Up or down more?","listText":"<a href=\"https://ttm.financial/S/CC3.SI\">$STARHUB LTD(CC3.SI)$&nbsp;</a>what do you all think at this price $1.03? Up or down more?","text":"$STARHUB LTD(CC3.SI)$ what do you all think at this price $1.03? Up or down more?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9969381165","isVote":1,"tweetType":1,"viewCount":319,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9960135158,"gmtCreate":1668092638074,"gmtModify":1676538011610,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098449671449560","idStr":"4098449671449560"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/CC3.SI\">$STARHUB LTD(CC3.SI)$&nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/CC3.SI\">$STARHUB LTD(CC3.SI)$&nbsp;</a>","text":"$STARHUB LTD(CC3.SI)$","images":[{"img":"https://community-static.tradeup.com/news/ed16633b663d137291af045aafb14caa","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9960135158","isVote":1,"tweetType":1,"viewCount":495,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9986509287,"gmtCreate":1666971789450,"gmtModify":1676537842931,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098449671449560","idStr":"4098449671449560"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a><v-v data-views=\"1\"></v-v>","text":"$Tiger Brokers(TIGR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9986509287","isVote":1,"tweetType":1,"viewCount":410,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9919353702,"gmtCreate":1663736576406,"gmtModify":1676537326579,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098449671449560","idStr":"4098449671449560"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/03067\">$ISHARESHSTECH(03067)$</a>Do they give dividend?","listText":"<a href=\"https://ttm.financial/S/03067\">$ISHARESHSTECH(03067)$</a>Do they give dividend?","text":"$ISHARESHSTECH(03067)$Do they give dividend?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9919353702","isVote":1,"tweetType":1,"viewCount":286,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9939393270,"gmtCreate":1662052966593,"gmtModify":1676536796719,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098449671449560","idStr":"4098449671449560"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/03067\">$ISHARESHSTECH(03067)$</a>Will this go up ?","listText":"<a href=\"https://ttm.financial/S/03067\">$ISHARESHSTECH(03067)$</a>Will this go up ?","text":"$ISHARESHSTECH(03067)$Will this go up ?","images":[{"img":"https://community-static.tradeup.com/news/569a8328d63dcc5d6d2c089f9fe274b2","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9939393270","isVote":1,"tweetType":1,"viewCount":280,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9991051562,"gmtCreate":1660753641359,"gmtModify":1676536392429,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098449671449560","idStr":"4098449671449560"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$</a>55","listText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$</a>55","text":"$Sea Ltd(SE)$55","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991051562","isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9991051368,"gmtCreate":1660753545556,"gmtModify":1676536392414,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098449671449560","idStr":"4098449671449560"},"themes":[],"htmlText":"What do u all think abt Btc ?","listText":"What do u all think abt Btc ?","text":"What do u all think abt Btc ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991051368","repostId":"1121666838","repostType":4,"repost":{"id":"1121666838","kind":"news","pubTimestamp":1660748537,"share":"https://ttm.financial/m/news/1121666838?lang=&edition=fundamental","pubTime":"2022-08-17 23:02","market":"us","language":"en","title":"Largest Bitcoin Miners Lost Over $1 Billion During Crypto Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1121666838","media":"Bloomberg","summary":"Top three US publicly-traded miners hit by impairment chargesCompanies turn to more debt, sales of m","content":"<html><head></head><body><ul><li>Top three US publicly-traded miners hit by impairment charges</li><li>Companies turn to more debt, sales of machines for liquidity</li></ul><p>The three-largest US publicly traded Bitcoin mining companies lost more than $1 billion in the second quarter after taking a series of impairment charges spurred by the collapse of cryptocurrency prices.</p><p>Core Scientific Inc.,Marathon Digital Holdings Inc.and Riot Blockchain Inc. posted net losses of $862 million, $192 million and $366 million, respectively, in the three months ended June 30, recent quarterly earnings reports show. Other significant miners such asBitfarms Ltd.andGreenidge Generation Holdings Inc., which reported results Monday, were also forced to write down the value of their holdings in the wake of the almost 60% drop in the price of Bitcoin during the quarter.</p><p>While the shares of crypto-mining companies have enjoyed a respite in recent weeks, they are still deep in the red this year. The miners had to shift from their Bitcoin-hoarding positions and sell coins as they struggled to repay debt and cover operational costs in the recent quarter. That continued into the third quarter.</p><p>“Public miners are still dumping their Bitcoin holdings at a higher rate than their production rate,” Jarand Mellerud, an analyst at Arcane Crypto, wrote in a research note. “Public miners sold 6,200 coins in July, making July the second highest BTC selling month in 2022.”</p><p>The miners weren’t the only industry participants to take significant hits last quarter.Coinbase Global Inc.,the largest US crypto exchange, registered a $1.1 billion loss, whileMicroStrategy Inc.also had a net loss of more than $1 billion.</p><p><img src=\"https://static.tigerbbs.com/44b2c1fa3cfe323160b0ef0dc58a4876\" tg-width=\"649\" tg-height=\"405\" referrerpolicy=\"no-referrer\"/></p><p>Top public miners sold 14,600 coins in June whereas they produced 3,900, Mellerud said. Core Scientific sold nearly 80% of its coins to cover operational costs and fund expansion in June. Bitfarms sold nearly half of its holdings to pay down a $100 million loan in the same month.</p><p>The miners are raising more debt and sell their holdings and mining rigs to stay afloat. Marathonaddedan additional $100 million term loan with crypto-friendly bank Silvergate Capital Corp., while refinancing its existing $100 million line of credit in July. The miner also sold its mining rigs for $58 million. Core Scientific hasentereda $100 million common stock purchase agreement with B. Riley Principal Capital II.</p><p>TheUS Securities and Exchange Commissionhas told public companies with large Bitcoin holdings on their balance sheets they can’t strip out the price swings while disclosing results. The losses aren’t realized unless there is an actual sale of the tokens.</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>Largest Bitcoin Miners Lost Over $1 Billion During Crypto Crash</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\">\nLargest Bitcoin Miners Lost Over $1 Billion During Crypto Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-17 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-16/largest-bitcoin-miners-lost-over-1-billion-during-crypto-crash?srnd=cryptocurrencies-v2><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top three US publicly-traded miners hit by impairment chargesCompanies turn to more debt, sales of machines for liquidityThe three-largest US publicly traded Bitcoin mining companies lost more than $1...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-16/largest-bitcoin-miners-lost-over-1-billion-during-crypto-crash?srnd=cryptocurrencies-v2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CORZ":"Core Scientific, Inc.","RIOT":"Riot Platforms","MARA":"MARA Holdings"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-16/largest-bitcoin-miners-lost-over-1-billion-during-crypto-crash?srnd=cryptocurrencies-v2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121666838","content_text":"Top three US publicly-traded miners hit by impairment chargesCompanies turn to more debt, sales of machines for liquidityThe three-largest US publicly traded Bitcoin mining companies lost more than $1 billion in the second quarter after taking a series of impairment charges spurred by the collapse of cryptocurrency prices.Core Scientific Inc.,Marathon Digital Holdings Inc.and Riot Blockchain Inc. posted net losses of $862 million, $192 million and $366 million, respectively, in the three months ended June 30, recent quarterly earnings reports show. Other significant miners such asBitfarms Ltd.andGreenidge Generation Holdings Inc., which reported results Monday, were also forced to write down the value of their holdings in the wake of the almost 60% drop in the price of Bitcoin during the quarter.While the shares of crypto-mining companies have enjoyed a respite in recent weeks, they are still deep in the red this year. The miners had to shift from their Bitcoin-hoarding positions and sell coins as they struggled to repay debt and cover operational costs in the recent quarter. That continued into the third quarter.“Public miners are still dumping their Bitcoin holdings at a higher rate than their production rate,” Jarand Mellerud, an analyst at Arcane Crypto, wrote in a research note. “Public miners sold 6,200 coins in July, making July the second highest BTC selling month in 2022.”The miners weren’t the only industry participants to take significant hits last quarter.Coinbase Global Inc.,the largest US crypto exchange, registered a $1.1 billion loss, whileMicroStrategy Inc.also had a net loss of more than $1 billion.Top public miners sold 14,600 coins in June whereas they produced 3,900, Mellerud said. Core Scientific sold nearly 80% of its coins to cover operational costs and fund expansion in June. Bitfarms sold nearly half of its holdings to pay down a $100 million loan in the same month.The miners are raising more debt and sell their holdings and mining rigs to stay afloat. Marathonaddedan additional $100 million term loan with crypto-friendly bank Silvergate Capital Corp., while refinancing its existing $100 million line of credit in July. The miner also sold its mining rigs for $58 million. Core Scientific hasentereda $100 million common stock purchase agreement with B. Riley Principal Capital II.TheUS Securities and Exchange Commissionhas told public companies with large Bitcoin holdings on their balance sheets they can’t strip out the price swings while disclosing results. The losses aren’t realized unless there is an actual sale of the tokens.","news_type":1},"isVote":1,"tweetType":1,"viewCount":257,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3577174452658160","authorId":"3577174452658160","name":"KITkat","avatar":"https://static.tigerbbs.com/8a71ab0dde411563f803aa81b1d189a8","crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3577174452658160","idStr":"3577174452658160"},"content":"Dun enter, if u havent done yet. Unless you enjoy gambling, good luck.","text":"Dun enter, if u havent done yet. Unless you enjoy gambling, good luck.","html":"Dun enter, if u havent done yet. Unless you enjoy gambling, good luck."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9907498074,"gmtCreate":1660228399701,"gmtModify":1703496574360,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098449671449560","idStr":"4098449671449560"},"themes":[],"htmlText":"Gd","listText":"Gd","text":"Gd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907498074","repostId":"1145152214","repostType":4,"repost":{"id":"1145152214","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1660231782,"share":"https://ttm.financial/m/news/1145152214?lang=&edition=fundamental","pubTime":"2022-08-11 23:29","market":"us","language":"en","title":"U.S. PPI Fell 0.5% in July After 1.1% Gain in Prior Month; Initial Jobless Claims Rose to 262,000 in the Latest Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1145152214","media":"Tiger Newspress","summary":"A key measure of US producer prices unexpectedly fell in July for the first time in more than two ye","content":"<html><head></head><body><p>A key measure of US producer prices unexpectedly fell in July for the first time in more than two years, largely reflecting a drop in energy costs and representing a welcome moderation in inflationary pressures.</p><p>The producer price index for final demand decreased 0.5% from a month earlier and rose 9.8% from a year ago, Labor Department data showed Thursday. The pullback was entirely due to a decline in the costs of goods, though services prices only edged up.</p><p>Excluding the volatile food and energy components, the so-called core PPI rose 0.2% from June and 7.6% from a year earlier. Both the overall and core figures were softer than forecast.</p><p>The figures suggest some pipeline inflationary pressures are beginning to ease. Commodity prices, including oil, have dropped sharply in recent months, and there are indications that supply-chain conditions are improving.</p><p>Consumer-price data out Wednesday also showed a welcome moderation in inflation in July, largely reflecting a pullback in prices at the pump. Even so, inflation remains stubbornly high and will likely keep the Federal Reserve on an aggressive path to curb it.</p><p>Goods Prices</p><p>Some 80% of the decline in goods prices was due to a 16.7% plunge in gasoline prices, the report showed. Diesel, iron and steel scrap and grains also decreased.</p><p>Services prices rose just 0.1% in July, led by an increase in fuel margins and transportation and warehousing. Meanwhile, prices for portfolio management, food and alcohol retailing and long-distance trucking declined.</p><p>Thursday’s report adds to separate data from S&amp;P Global and regional Fed banks that showed a pullback in prices paid for inputs like materials in July.</p><p>Risks remain, however. While supply chains have started normalizing, the war in Ukraine, labor negotiations at West Coast ports and China’s zero-Covid policy represent potential logistics speed bumps for US producers.</p><p>Producer prices excluding food, energy, and trade services -- which strips out the most volatile components of the index -- increased 0.2% and 5.8% from a year earlier.</p><p>Meanwhile, initial jobless claims rose to 262,000 in the latest week.</p><p>The number of Americans filing new claims for unemployment benefits rose for the second straight week, indicating further softening in the labor market despite still tight conditions as the Federal Reserve tries to slow demand to help tame inflation.</p><p>Initial claims for state unemployment benefits rose 14,000 to a seasonally adjusted 262,000 for the week ended Aug. 6, the Labor Department said on Thursday. Economists polled by Reuters had forecast 263,000 applications for the latest week.</p><p>That&#39;s still below the 270,000-300,000 range that economists say would signal a material slowdown in the labor market.</p><p>The number of people receiving benefits after an initial week of aid increased 8,000 to 1.428 million during the week ending July 30. The so-called continuing claims are a proxy for hiring.</p><p>The U.S. economy unexpectedly contracted in the second quarter, with consumer spending growing at its slowest pace in two years and business spending declining. The second straight quarterly decline in gross domestic product largely reflected a more moderate pace of inventory accumulation by businesses as job gains overall have stayed strong.</p><p>The economy created an unexpectedly robust 528,000 jobs in July, the unemployment rate fell back to its pre-pandemic low, and wage gains surprised to the upside, the Labor Department announced last Friday in a monthly employment report that makes it harder for the Fed to bring the economy into balance soon.</p><p>There were 10.7 million job openings at the end of June, with 1.8 openings for every unemployed worker.</p><p>The U.S. central bank last month raised its policy rate by another three-quarters of a percentage point as part of its effort to quash high inflation. The Fed has now hiked that rate by 225 basis points since March.</p></body></html>","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>U.S. PPI Fell 0.5% in July After 1.1% Gain in Prior Month; Initial Jobless Claims Rose to 262,000 in the Latest Week</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\">\nU.S. PPI Fell 0.5% in July After 1.1% Gain in Prior Month; Initial Jobless Claims Rose to 262,000 in the Latest Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-08-11 23:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>A key measure of US producer prices unexpectedly fell in July for the first time in more than two years, largely reflecting a drop in energy costs and representing a welcome moderation in inflationary pressures.</p><p>The producer price index for final demand decreased 0.5% from a month earlier and rose 9.8% from a year ago, Labor Department data showed Thursday. The pullback was entirely due to a decline in the costs of goods, though services prices only edged up.</p><p>Excluding the volatile food and energy components, the so-called core PPI rose 0.2% from June and 7.6% from a year earlier. Both the overall and core figures were softer than forecast.</p><p>The figures suggest some pipeline inflationary pressures are beginning to ease. Commodity prices, including oil, have dropped sharply in recent months, and there are indications that supply-chain conditions are improving.</p><p>Consumer-price data out Wednesday also showed a welcome moderation in inflation in July, largely reflecting a pullback in prices at the pump. Even so, inflation remains stubbornly high and will likely keep the Federal Reserve on an aggressive path to curb it.</p><p>Goods Prices</p><p>Some 80% of the decline in goods prices was due to a 16.7% plunge in gasoline prices, the report showed. Diesel, iron and steel scrap and grains also decreased.</p><p>Services prices rose just 0.1% in July, led by an increase in fuel margins and transportation and warehousing. Meanwhile, prices for portfolio management, food and alcohol retailing and long-distance trucking declined.</p><p>Thursday’s report adds to separate data from S&amp;P Global and regional Fed banks that showed a pullback in prices paid for inputs like materials in July.</p><p>Risks remain, however. While supply chains have started normalizing, the war in Ukraine, labor negotiations at West Coast ports and China’s zero-Covid policy represent potential logistics speed bumps for US producers.</p><p>Producer prices excluding food, energy, and trade services -- which strips out the most volatile components of the index -- increased 0.2% and 5.8% from a year earlier.</p><p>Meanwhile, initial jobless claims rose to 262,000 in the latest week.</p><p>The number of Americans filing new claims for unemployment benefits rose for the second straight week, indicating further softening in the labor market despite still tight conditions as the Federal Reserve tries to slow demand to help tame inflation.</p><p>Initial claims for state unemployment benefits rose 14,000 to a seasonally adjusted 262,000 for the week ended Aug. 6, the Labor Department said on Thursday. Economists polled by Reuters had forecast 263,000 applications for the latest week.</p><p>That&#39;s still below the 270,000-300,000 range that economists say would signal a material slowdown in the labor market.</p><p>The number of people receiving benefits after an initial week of aid increased 8,000 to 1.428 million during the week ending July 30. The so-called continuing claims are a proxy for hiring.</p><p>The U.S. economy unexpectedly contracted in the second quarter, with consumer spending growing at its slowest pace in two years and business spending declining. The second straight quarterly decline in gross domestic product largely reflected a more moderate pace of inventory accumulation by businesses as job gains overall have stayed strong.</p><p>The economy created an unexpectedly robust 528,000 jobs in July, the unemployment rate fell back to its pre-pandemic low, and wage gains surprised to the upside, the Labor Department announced last Friday in a monthly employment report that makes it harder for the Fed to bring the economy into balance soon.</p><p>There were 10.7 million job openings at the end of June, with 1.8 openings for every unemployed worker.</p><p>The U.S. central bank last month raised its policy rate by another three-quarters of a percentage point as part of its effort to quash high inflation. The Fed has now hiked that rate by 225 basis points since March.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145152214","content_text":"A key measure of US producer prices unexpectedly fell in July for the first time in more than two years, largely reflecting a drop in energy costs and representing a welcome moderation in inflationary pressures.The producer price index for final demand decreased 0.5% from a month earlier and rose 9.8% from a year ago, Labor Department data showed Thursday. The pullback was entirely due to a decline in the costs of goods, though services prices only edged up.Excluding the volatile food and energy components, the so-called core PPI rose 0.2% from June and 7.6% from a year earlier. Both the overall and core figures were softer than forecast.The figures suggest some pipeline inflationary pressures are beginning to ease. Commodity prices, including oil, have dropped sharply in recent months, and there are indications that supply-chain conditions are improving.Consumer-price data out Wednesday also showed a welcome moderation in inflation in July, largely reflecting a pullback in prices at the pump. Even so, inflation remains stubbornly high and will likely keep the Federal Reserve on an aggressive path to curb it.Goods PricesSome 80% of the decline in goods prices was due to a 16.7% plunge in gasoline prices, the report showed. Diesel, iron and steel scrap and grains also decreased.Services prices rose just 0.1% in July, led by an increase in fuel margins and transportation and warehousing. Meanwhile, prices for portfolio management, food and alcohol retailing and long-distance trucking declined.Thursday’s report adds to separate data from S&P Global and regional Fed banks that showed a pullback in prices paid for inputs like materials in July.Risks remain, however. While supply chains have started normalizing, the war in Ukraine, labor negotiations at West Coast ports and China’s zero-Covid policy represent potential logistics speed bumps for US producers.Producer prices excluding food, energy, and trade services -- which strips out the most volatile components of the index -- increased 0.2% and 5.8% from a year earlier.Meanwhile, initial jobless claims rose to 262,000 in the latest week.The number of Americans filing new claims for unemployment benefits rose for the second straight week, indicating further softening in the labor market despite still tight conditions as the Federal Reserve tries to slow demand to help tame inflation.Initial claims for state unemployment benefits rose 14,000 to a seasonally adjusted 262,000 for the week ended Aug. 6, the Labor Department said on Thursday. Economists polled by Reuters had forecast 263,000 applications for the latest week.That's still below the 270,000-300,000 range that economists say would signal a material slowdown in the labor market.The number of people receiving benefits after an initial week of aid increased 8,000 to 1.428 million during the week ending July 30. The so-called continuing claims are a proxy for hiring.The U.S. economy unexpectedly contracted in the second quarter, with consumer spending growing at its slowest pace in two years and business spending declining. The second straight quarterly decline in gross domestic product largely reflected a more moderate pace of inventory accumulation by businesses as job gains overall have stayed strong.The economy created an unexpectedly robust 528,000 jobs in July, the unemployment rate fell back to its pre-pandemic low, and wage gains surprised to the upside, the Labor Department announced last Friday in a monthly employment report that makes it harder for the Fed to bring the economy into balance soon.There were 10.7 million job openings at the end of June, with 1.8 openings for every unemployed worker.The U.S. central bank last month raised its policy rate by another three-quarters of a percentage point as part of its effort to quash high inflation. The Fed has now hiked that rate by 225 basis points since March.","news_type":1},"isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9904252137,"gmtCreate":1660058254733,"gmtModify":1703477421555,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098449671449560","idStr":"4098449671449560"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/INTC\">$Intel(INTC)$</a>I think buy","listText":"<a href=\"https://ttm.financial/S/INTC\">$Intel(INTC)$</a>I think buy","text":"$Intel(INTC)$I think buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9904252137","isVote":1,"tweetType":1,"viewCount":188,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9901930936,"gmtCreate":1659108446225,"gmtModify":1676536258969,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098449671449560","idStr":"4098449671449560"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9901930936","repostId":"1114809450","repostType":4,"repost":{"id":"1114809450","kind":"news","pubTimestamp":1659108300,"share":"https://ttm.financial/m/news/1114809450?lang=&edition=fundamental","pubTime":"2022-07-29 23:25","market":"us","language":"en","title":"Alibaba Vs. JD.Com: Let's Hear The Bears Out","url":"https://stock-news.laohu8.com/highlight/detail?id=1114809450","media":"Seeking Alpha","summary":"SummaryI am a long-term Alibaba Bull, but here I will argue against my own bull thesis.My favorite C","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>I am a long-term Alibaba Bull, but here I will argue against my own bull thesis.</li><li>My favorite Charles Munger quote is not to comment on a topic until I can argue against myself better than the people on the other side.</li><li>Following this wisdom, the focus here is to address some potential risks for Alibaba that are not often discussed.</li><li>And these risks are best illustrated by comparison and contrast against JD.com.</li><li>The goal is not to dismiss these risks (they are 100% valid), but to provide a full view so both bears and bulls can all make informed decisions.</li></ul><p><b>Thesis</b></p><p>My last comparison article on Alibaba Group Holding Limited (NYSE:BABA,OTCPK:BABAF) and JD.com, Inc. (NASDAQ:JD) was co-produced with Sensor Unlimited and published back in May 2022. That article focused on the similarities and differences in their business fundamentals and the megatrend in the Asian-Pacific regions.</p><p>In this article, I want to compare them again, but from a completely different angle and for a completely different purpose. This time, I want to compare them to address many of the risks facing BABA. Some of these risks have been often mentioned by BABA bears, while some of them are less mentioned (like BABA’s profitability sustainability and platform role). All these risks are 100% valid to me. So, the point of this article is not to prove the bears to be wrong. To the contrary, their concerns are 100% valid to me. I am here to hear them out and provide my thoughts so both bulls and bears can all make informed decisions.</p><p>After all, the hallmark of a first-rate mind is the ability to hold conflicting views at the same time without losing the ability to act.</p><p>And we will start with the elephant in the room first – the risk in China.</p><p><b>Risk in China</b></p><p>The implied argument here is that the BABA thesis does not depend much on its business fundamentals. Instead, the Chinese government (or the CCP, or the VIE structure, et al) is a central part (or even all) of the thesis.</p><p>As just mentioned, it is a 100% valid argument to me, and I am not here to dismiss it or prove it wrong. I am here to provide my perspective for a full view. And I invite BABA investors or potential BABA investors to consider the following aspects.</p><p>First, I feel the argument is border-lining a political or ideological discussion. Not say political or ideological considerations are not important in investment decisions – to the contrary, they are very important. However, they are difficult to quantify. To me, investing is pretty much all about PRICING risks. It is hard to put a price tag on risks that you cannot quantify. As such, I won’t dwell more on this issue here myself. I recommend Ray Dalio’s recent book entitled “Principles for Dealing with the Changing World Order” for readers who are interested in his view on politics and ideologies. I feel he has deeper insights about China than most Chinese themselves. And, of course, he understands the West deeper than most westerners too. A few quotes from his book are provided below:</p><blockquote><ul><li><i>“I urge those of you who have not spent considerable time in China to look past the caricatured pictures that are often painted by biased parties and rid yourself of any stereotypes you might have that are based on what you thought you knew about the old “communist China” - because they are wrong.</i></li><li><i>“As an aside, I think the widespread medium distortions and the blind and the near-violent loyalties that stand in the way of the thoughtful exploration of our different perspectives are a frightening sign of our times.”</i></li></ul></blockquote><p>Second, this is where JD enters the picture. If the risk is valid, then it should apply to all other major Chinese firms too, such as BABA’s close peer JD. After all, they all operate in the same country and are governed by the same laws (or lack of laws, as many have bears argued). If BABA’s business fundamentals don’t mean much to the investment thesis, then neither should JD’s.</p><p>However, reality does not seem to confirm. The following chart shows a simple counterexample in terms of stock price actions. As you can see from the below chart, over the past year, JD suffered a total loss of around 4%, totally within the range of random fluctuations. On the other hand, BABA&#39;s stock price suffered a total loss of more than 46% in the past years.</p><p>And as you already know, JD is still trading at a healthy (or even lofty) valuation with a P/E around 35x. This leads us to the next risk associated with BABA, its profitability. And we will discuss this next.</p><p><img src=\"https://static.tigerbbs.com/32d445f99fbb8cf67372cf8ba8707ca8\" tg-width=\"640\" tg-height=\"434\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><b>But BABA also has higher margins</b></p><p>The next bearish argument is that due to the regulatory changes, BABA’s good old days are gone and its profitability couldn&#39;t sustain in the future. Therefore, its valuation should be discounted correspondingly.</p><p>A very valid argument again. And moreover, this argument is indeed supported by data, as you can see from the top panel in the next chart. To net profit margin as an example, BABA’s margin has been quite stable and fluctuated in a narrow range between about 20% to 30% in the past before the tech crackdown started in 2020. Then it declined all the way to the current level of 6.4%.</p><p>But as advised by Charlie Munger, being smart is all about actively looking for disconfirming evidence, not confirming evidence. And JD’s margin, shown in the bottom panel of this chart, is an easy disconfirming evince to find. You can see JD’s net margin has declined (and in a more dramatic fashion) since 2021, it is currently in the negative (-1%), and its long-term average is nowhere near BABA’s. In terms of long-term averages, BABA’s margin of 23% is 13x higher than JD’s 1.7%. Even when we compared BABA’s current margin of 6.4% against JD’s long-term average (kind of unfair), BABA is still ahead by about 3.8x.</p><p>And this leads us yet to the next bears’ argument associated with BABA, which goes more or less like this: margins (or profitability in general) are not the whole story, and their business models are not entirely comparable. And we will address this next.</p><p><img src=\"https://static.tigerbbs.com/c68b1d15c317dd7a3a7c0e642dbbbda1\" tg-width=\"640\" tg-height=\"448\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><b>Business model comparison</b></p><p>A few key differences here. First, even though BABA is better known and bigger than JD in market-cap (by almost 3x), JD’s revenues are actually larger than BABA. JD is China&#39;s largest direct retailer in terms of revenue. Second, JD relies almost exclusively on a single source of revenue while BABA is more diversified. JD&#39;s retail business represents 94% of its total sales and almost 100% of its total profits. BABA&#39;s core eCommerce operation “only” accounts for about 87% of its total sales, with the rest coming from other segments such as its cloud service.</p><p>Now, even within the e-commerce segment, they are very different. JD’s main operation is its first-party marketplace. It sells its own goods and keeps its own inventories. In contrast, BABA’s main role is to provide a platform and act as a third party. For reference, Amazon (AMZN) is more of a hybrid. Its Third-Party Sales and First-Party Sales are about an even split in recent years.</p><p>The focus of this article is not trying to argue which model (first-party, third-party, or a hybrid) is better, although that would be a fascinating topic for another article. The point is to acknowledge the bears’ point that net profit margin is not the entire picture because of the differences in business fundamentals</p><p>Or to put it differently, margins do not entirely determine profitability. Intuitively, the reasons are summarized by the following simple example used in one of our earlier articles:</p><blockquote><i>If you buy an orange today for $1 and sell it tomorrow for $1.01, your margin is a meager 1% but your ROIC (which is your true profitability) would be an astronomical 365%. There are three knobs that management can turn to drive up profitability: profit margin (“PM”), asset turnover ratio (“ATR”), and leverage. And PM is only one of the 3 knobs.</i></blockquote><p>And different business models lead to different ATR, as you can clearly see from the following chart. Because of its third-party dominant model, BABA’s ATR has been on average about 0.45x in the past five years (although note that the trend has been improving). In contrast, JD’s ATR is much higher. It has fluctuated in a range from 1.97x to about 2.46x in the past five years, with an average of 2.23x. So, because of its first-party dominant model, JD can operate its asset much more effectively than BABA, on average by about a factor of almost 5x.</p><p><img src=\"https://static.tigerbbs.com/75deb5d294785307e58c8b1e54eb6bc0\" tg-width=\"640\" tg-height=\"449\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><b>True profitability comparison</b></p><p>The next chart compares their return on capital employed (“ROCE”), a comprehensive measure of profitability combining the effects of all three knobs as detailed in my free blog article here. As seen, their current ROCE is on the same order of magnitude – both are at terrific levels. They are not different by 3.8x as net margin would suggest or by 5x as asset utilization would. BABA’s ROCE currently stands at about 95%, and JD at about 85%. Both JD and BABA’s ROCEs have been in decline since 2020 while BABA’s decline is more dramatic.</p><p><img src=\"https://static.tigerbbs.com/1720d0a06becf9ad3bb5dfa46b2ff913\" tg-width=\"640\" tg-height=\"336\" referrerpolicy=\"no-referrer\"/></p><p>Author</p><p><b>Yet BABA P/E is less than ½ of JD</b></p><p>The comparable ROCE now leads me to the following valuation comparison. As you can see, despite very comparable ROCE (BABA is actually higher), BABA&#39;s valuation is less than ½ of JD by most metrics. Let me cite a few examples. BABA’s FY1 P/E of 13.8x is almost only 1/3 of JD’s 35x. Its FY2 P/E of 11.5x is less than 1/2 of JD’s 23.8x.</p><p>And next, we will see that the valuation discount is a bit less than what&#39;s on the surface because of the differences in their balance sheets.</p><p><img src=\"https://static.tigerbbs.com/f8e55787bae44c98c1e22fd8103edec6\" tg-width=\"640\" tg-height=\"566\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><b>Balance sheet and adjusted P/E</b></p><p>Currently, BABA has about $72 billion of cash on its ledger and JD about $28 billion, translating into $26.8 per share for BABA and about $18.6 dollars per share for JD. Both of them also have some debt but the debt is both lower than the cash position. As a result, both carry a net cash position (a quite sizable one) on their ledger. The net cash position for BABA is about $44.5 billion and for JD about $8.3 billion.</p><p>In other words, at their current market cap ($274 billion for BABA and $96 billion for JD), about 16% of BABA’s market cap is just its cash and the percentage is about 20.8% for JD.</p><p>When we subtract the cash out of the stock price, their Pes would both become lower. For BABA, the FY1 P/E would become only 11.6x after adjusting for its cash position. And for JD, the FY1 P/E would become 27.7x, still more than 2x above BABA.</p><p><img src=\"https://static.tigerbbs.com/bec38b2bfebedfcb0394b6a639e2b5b6\" tg-width=\"640\" tg-height=\"300\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><b>Final thoughts and risks</b></p><p>Even though I feel the market has gone too far in the fear direction for BABA (or not enough for JD), I think the bearish arguments are 100% valid. The common bearish concerns concerning BABA such as risk in China, profitability sustainability, and business model, are 100% valid. And I hope the comparison and contrast against its close peer JD better accentuate these concerns so we can all make better investment decisions.</p><p>Finally, besides the above risks mentioned. There are also unfolding macroscopic risks that could impact both BABA and JD. BABA has more exposure overseas and will be more sensitive to global geopolitics such as the Russian/Ukraine situation. The upside is that it’s better poised to tap into the global eCommerce movement, especially in the Asian-Pacific region. There are also macroeconomic headwinds specific to China, which would impact both BABA and JD. In the short term, China faces the challenge of balancing COVID control and economic growth. The World Bank projects its GDP growth to slow in 2022 to 4.3 percent (0.8% lower than China’s own economic update).</p><p>At the same time, China’s housing market is seeing weakening demand and dealing with sizable debt issues. A JPMorgan report estimated that the housing sector has been contributing up to 25% of its GDP when related sectors are considered in the past few years. But demand for housing is predicted to fall 47% by 2030. Such a large decline will create ripple effects throughout its entire economy.</p></body></html>","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>Alibaba Vs. JD.Com: Let's Hear The Bears Out</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\">\nAlibaba Vs. JD.Com: Let's Hear The Bears Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-29 23:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4526927-alibaba-vs-jdcom-lets-hear-the-bears-out?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A41><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryI am a long-term Alibaba Bull, but here I will argue against my own bull thesis.My favorite Charles Munger quote is not to comment on a topic until I can argue against myself better than the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4526927-alibaba-vs-jdcom-lets-hear-the-bears-out?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A41\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09618":"京东集团-SW","JD":"京东","09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4526927-alibaba-vs-jdcom-lets-hear-the-bears-out?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A41","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114809450","content_text":"SummaryI am a long-term Alibaba Bull, but here I will argue against my own bull thesis.My favorite Charles Munger quote is not to comment on a topic until I can argue against myself better than the people on the other side.Following this wisdom, the focus here is to address some potential risks for Alibaba that are not often discussed.And these risks are best illustrated by comparison and contrast against JD.com.The goal is not to dismiss these risks (they are 100% valid), but to provide a full view so both bears and bulls can all make informed decisions.ThesisMy last comparison article on Alibaba Group Holding Limited (NYSE:BABA,OTCPK:BABAF) and JD.com, Inc. (NASDAQ:JD) was co-produced with Sensor Unlimited and published back in May 2022. That article focused on the similarities and differences in their business fundamentals and the megatrend in the Asian-Pacific regions.In this article, I want to compare them again, but from a completely different angle and for a completely different purpose. This time, I want to compare them to address many of the risks facing BABA. Some of these risks have been often mentioned by BABA bears, while some of them are less mentioned (like BABA’s profitability sustainability and platform role). All these risks are 100% valid to me. So, the point of this article is not to prove the bears to be wrong. To the contrary, their concerns are 100% valid to me. I am here to hear them out and provide my thoughts so both bulls and bears can all make informed decisions.After all, the hallmark of a first-rate mind is the ability to hold conflicting views at the same time without losing the ability to act.And we will start with the elephant in the room first – the risk in China.Risk in ChinaThe implied argument here is that the BABA thesis does not depend much on its business fundamentals. Instead, the Chinese government (or the CCP, or the VIE structure, et al) is a central part (or even all) of the thesis.As just mentioned, it is a 100% valid argument to me, and I am not here to dismiss it or prove it wrong. I am here to provide my perspective for a full view. And I invite BABA investors or potential BABA investors to consider the following aspects.First, I feel the argument is border-lining a political or ideological discussion. Not say political or ideological considerations are not important in investment decisions – to the contrary, they are very important. However, they are difficult to quantify. To me, investing is pretty much all about PRICING risks. It is hard to put a price tag on risks that you cannot quantify. As such, I won’t dwell more on this issue here myself. I recommend Ray Dalio’s recent book entitled “Principles for Dealing with the Changing World Order” for readers who are interested in his view on politics and ideologies. I feel he has deeper insights about China than most Chinese themselves. And, of course, he understands the West deeper than most westerners too. A few quotes from his book are provided below:“I urge those of you who have not spent considerable time in China to look past the caricatured pictures that are often painted by biased parties and rid yourself of any stereotypes you might have that are based on what you thought you knew about the old “communist China” - because they are wrong.“As an aside, I think the widespread medium distortions and the blind and the near-violent loyalties that stand in the way of the thoughtful exploration of our different perspectives are a frightening sign of our times.”Second, this is where JD enters the picture. If the risk is valid, then it should apply to all other major Chinese firms too, such as BABA’s close peer JD. After all, they all operate in the same country and are governed by the same laws (or lack of laws, as many have bears argued). If BABA’s business fundamentals don’t mean much to the investment thesis, then neither should JD’s.However, reality does not seem to confirm. The following chart shows a simple counterexample in terms of stock price actions. As you can see from the below chart, over the past year, JD suffered a total loss of around 4%, totally within the range of random fluctuations. On the other hand, BABA's stock price suffered a total loss of more than 46% in the past years.And as you already know, JD is still trading at a healthy (or even lofty) valuation with a P/E around 35x. This leads us to the next risk associated with BABA, its profitability. And we will discuss this next.Seeking AlphaBut BABA also has higher marginsThe next bearish argument is that due to the regulatory changes, BABA’s good old days are gone and its profitability couldn't sustain in the future. Therefore, its valuation should be discounted correspondingly.A very valid argument again. And moreover, this argument is indeed supported by data, as you can see from the top panel in the next chart. To net profit margin as an example, BABA’s margin has been quite stable and fluctuated in a narrow range between about 20% to 30% in the past before the tech crackdown started in 2020. Then it declined all the way to the current level of 6.4%.But as advised by Charlie Munger, being smart is all about actively looking for disconfirming evidence, not confirming evidence. And JD’s margin, shown in the bottom panel of this chart, is an easy disconfirming evince to find. You can see JD’s net margin has declined (and in a more dramatic fashion) since 2021, it is currently in the negative (-1%), and its long-term average is nowhere near BABA’s. In terms of long-term averages, BABA’s margin of 23% is 13x higher than JD’s 1.7%. Even when we compared BABA’s current margin of 6.4% against JD’s long-term average (kind of unfair), BABA is still ahead by about 3.8x.And this leads us yet to the next bears’ argument associated with BABA, which goes more or less like this: margins (or profitability in general) are not the whole story, and their business models are not entirely comparable. And we will address this next.Seeking AlphaBusiness model comparisonA few key differences here. First, even though BABA is better known and bigger than JD in market-cap (by almost 3x), JD’s revenues are actually larger than BABA. JD is China's largest direct retailer in terms of revenue. Second, JD relies almost exclusively on a single source of revenue while BABA is more diversified. JD's retail business represents 94% of its total sales and almost 100% of its total profits. BABA's core eCommerce operation “only” accounts for about 87% of its total sales, with the rest coming from other segments such as its cloud service.Now, even within the e-commerce segment, they are very different. JD’s main operation is its first-party marketplace. It sells its own goods and keeps its own inventories. In contrast, BABA’s main role is to provide a platform and act as a third party. For reference, Amazon (AMZN) is more of a hybrid. Its Third-Party Sales and First-Party Sales are about an even split in recent years.The focus of this article is not trying to argue which model (first-party, third-party, or a hybrid) is better, although that would be a fascinating topic for another article. The point is to acknowledge the bears’ point that net profit margin is not the entire picture because of the differences in business fundamentalsOr to put it differently, margins do not entirely determine profitability. Intuitively, the reasons are summarized by the following simple example used in one of our earlier articles:If you buy an orange today for $1 and sell it tomorrow for $1.01, your margin is a meager 1% but your ROIC (which is your true profitability) would be an astronomical 365%. There are three knobs that management can turn to drive up profitability: profit margin (“PM”), asset turnover ratio (“ATR”), and leverage. And PM is only one of the 3 knobs.And different business models lead to different ATR, as you can clearly see from the following chart. Because of its third-party dominant model, BABA’s ATR has been on average about 0.45x in the past five years (although note that the trend has been improving). In contrast, JD’s ATR is much higher. It has fluctuated in a range from 1.97x to about 2.46x in the past five years, with an average of 2.23x. So, because of its first-party dominant model, JD can operate its asset much more effectively than BABA, on average by about a factor of almost 5x.Seeking AlphaTrue profitability comparisonThe next chart compares their return on capital employed (“ROCE”), a comprehensive measure of profitability combining the effects of all three knobs as detailed in my free blog article here. As seen, their current ROCE is on the same order of magnitude – both are at terrific levels. They are not different by 3.8x as net margin would suggest or by 5x as asset utilization would. BABA’s ROCE currently stands at about 95%, and JD at about 85%. Both JD and BABA’s ROCEs have been in decline since 2020 while BABA’s decline is more dramatic.AuthorYet BABA P/E is less than ½ of JDThe comparable ROCE now leads me to the following valuation comparison. As you can see, despite very comparable ROCE (BABA is actually higher), BABA's valuation is less than ½ of JD by most metrics. Let me cite a few examples. BABA’s FY1 P/E of 13.8x is almost only 1/3 of JD’s 35x. Its FY2 P/E of 11.5x is less than 1/2 of JD’s 23.8x.And next, we will see that the valuation discount is a bit less than what's on the surface because of the differences in their balance sheets.Seeking AlphaBalance sheet and adjusted P/ECurrently, BABA has about $72 billion of cash on its ledger and JD about $28 billion, translating into $26.8 per share for BABA and about $18.6 dollars per share for JD. Both of them also have some debt but the debt is both lower than the cash position. As a result, both carry a net cash position (a quite sizable one) on their ledger. The net cash position for BABA is about $44.5 billion and for JD about $8.3 billion.In other words, at their current market cap ($274 billion for BABA and $96 billion for JD), about 16% of BABA’s market cap is just its cash and the percentage is about 20.8% for JD.When we subtract the cash out of the stock price, their Pes would both become lower. For BABA, the FY1 P/E would become only 11.6x after adjusting for its cash position. And for JD, the FY1 P/E would become 27.7x, still more than 2x above BABA.Seeking AlphaFinal thoughts and risksEven though I feel the market has gone too far in the fear direction for BABA (or not enough for JD), I think the bearish arguments are 100% valid. The common bearish concerns concerning BABA such as risk in China, profitability sustainability, and business model, are 100% valid. And I hope the comparison and contrast against its close peer JD better accentuate these concerns so we can all make better investment decisions.Finally, besides the above risks mentioned. There are also unfolding macroscopic risks that could impact both BABA and JD. BABA has more exposure overseas and will be more sensitive to global geopolitics such as the Russian/Ukraine situation. The upside is that it’s better poised to tap into the global eCommerce movement, especially in the Asian-Pacific region. There are also macroeconomic headwinds specific to China, which would impact both BABA and JD. In the short term, China faces the challenge of balancing COVID control and economic growth. The World Bank projects its GDP growth to slow in 2022 to 4.3 percent (0.8% lower than China’s own economic update).At the same time, China’s housing market is seeing weakening demand and dealing with sizable debt issues. A JPMorgan report estimated that the housing sector has been contributing up to 25% of its GDP when related sectors are considered in the past few years. But demand for housing is predicted to fall 47% by 2030. Such a large decline will create ripple effects throughout its entire economy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":155,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9075426843,"gmtCreate":1658243969882,"gmtModify":1676536127630,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098449671449560","idStr":"4098449671449560"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SRT.SI\">$CSOP S-REITs INDEX ETF(SRT.SI)$</a> will thisfly??","listText":"<a href=\"https://ttm.financial/S/SRT.SI\">$CSOP S-REITs INDEX ETF(SRT.SI)$</a> will thisfly??","text":"$CSOP S-REITs INDEX ETF(SRT.SI)$ will thisfly??","images":[{"img":"https://community-static.tradeup.com/news/66acfcbee9f5fcda80fa3ab63bfe72a0","width":"1170","height":"2532"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075426843","isVote":1,"tweetType":1,"viewCount":166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9042446843,"gmtCreate":1656517895782,"gmtModify":1676535844529,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098449671449560","idStr":"4098449671449560"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SRT.SI\">$CSOP S-REITs INDEX ETF(SRT.SI)$</a> Got dividend ?[What]&nbsp;","listText":"<a href=\"https://ttm.financial/S/SRT.SI\">$CSOP S-REITs INDEX ETF(SRT.SI)$</a> Got dividend ?[What]&nbsp;","text":"$CSOP S-REITs INDEX ETF(SRT.SI)$ Got dividend ?[What]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042446843","isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9991051368,"gmtCreate":1660753545556,"gmtModify":1676536392414,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098449671449560","authorIdStr":"4098449671449560"},"themes":[],"htmlText":"What do u all think abt Btc ?","listText":"What do u all think abt Btc ?","text":"What do u all think abt Btc ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991051368","repostId":"1121666838","repostType":4,"repost":{"id":"1121666838","kind":"news","pubTimestamp":1660748537,"share":"https://ttm.financial/m/news/1121666838?lang=&edition=fundamental","pubTime":"2022-08-17 23:02","market":"us","language":"en","title":"Largest Bitcoin Miners Lost Over $1 Billion During Crypto Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1121666838","media":"Bloomberg","summary":"Top three US publicly-traded miners hit by impairment chargesCompanies turn to more debt, sales of m","content":"<html><head></head><body><ul><li>Top three US publicly-traded miners hit by impairment charges</li><li>Companies turn to more debt, sales of machines for liquidity</li></ul><p>The three-largest US publicly traded Bitcoin mining companies lost more than $1 billion in the second quarter after taking a series of impairment charges spurred by the collapse of cryptocurrency prices.</p><p>Core Scientific Inc.,Marathon Digital Holdings Inc.and Riot Blockchain Inc. posted net losses of $862 million, $192 million and $366 million, respectively, in the three months ended June 30, recent quarterly earnings reports show. Other significant miners such asBitfarms Ltd.andGreenidge Generation Holdings Inc., which reported results Monday, were also forced to write down the value of their holdings in the wake of the almost 60% drop in the price of Bitcoin during the quarter.</p><p>While the shares of crypto-mining companies have enjoyed a respite in recent weeks, they are still deep in the red this year. The miners had to shift from their Bitcoin-hoarding positions and sell coins as they struggled to repay debt and cover operational costs in the recent quarter. That continued into the third quarter.</p><p>“Public miners are still dumping their Bitcoin holdings at a higher rate than their production rate,” Jarand Mellerud, an analyst at Arcane Crypto, wrote in a research note. “Public miners sold 6,200 coins in July, making July the second highest BTC selling month in 2022.”</p><p>The miners weren’t the only industry participants to take significant hits last quarter.Coinbase Global Inc.,the largest US crypto exchange, registered a $1.1 billion loss, whileMicroStrategy Inc.also had a net loss of more than $1 billion.</p><p><img src=\"https://static.tigerbbs.com/44b2c1fa3cfe323160b0ef0dc58a4876\" tg-width=\"649\" tg-height=\"405\" referrerpolicy=\"no-referrer\"/></p><p>Top public miners sold 14,600 coins in June whereas they produced 3,900, Mellerud said. Core Scientific sold nearly 80% of its coins to cover operational costs and fund expansion in June. Bitfarms sold nearly half of its holdings to pay down a $100 million loan in the same month.</p><p>The miners are raising more debt and sell their holdings and mining rigs to stay afloat. Marathonaddedan additional $100 million term loan with crypto-friendly bank Silvergate Capital Corp., while refinancing its existing $100 million line of credit in July. The miner also sold its mining rigs for $58 million. Core Scientific hasentereda $100 million common stock purchase agreement with B. Riley Principal Capital II.</p><p>TheUS Securities and Exchange Commissionhas told public companies with large Bitcoin holdings on their balance sheets they can’t strip out the price swings while disclosing results. The losses aren’t realized unless there is an actual sale of the tokens.</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>Largest Bitcoin Miners Lost Over $1 Billion During Crypto Crash</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\">\nLargest Bitcoin Miners Lost Over $1 Billion During Crypto Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-17 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-16/largest-bitcoin-miners-lost-over-1-billion-during-crypto-crash?srnd=cryptocurrencies-v2><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top three US publicly-traded miners hit by impairment chargesCompanies turn to more debt, sales of machines for liquidityThe three-largest US publicly traded Bitcoin mining companies lost more than $1...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-16/largest-bitcoin-miners-lost-over-1-billion-during-crypto-crash?srnd=cryptocurrencies-v2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CORZ":"Core Scientific, Inc.","RIOT":"Riot Platforms","MARA":"MARA Holdings"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-16/largest-bitcoin-miners-lost-over-1-billion-during-crypto-crash?srnd=cryptocurrencies-v2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121666838","content_text":"Top three US publicly-traded miners hit by impairment chargesCompanies turn to more debt, sales of machines for liquidityThe three-largest US publicly traded Bitcoin mining companies lost more than $1 billion in the second quarter after taking a series of impairment charges spurred by the collapse of cryptocurrency prices.Core Scientific Inc.,Marathon Digital Holdings Inc.and Riot Blockchain Inc. posted net losses of $862 million, $192 million and $366 million, respectively, in the three months ended June 30, recent quarterly earnings reports show. Other significant miners such asBitfarms Ltd.andGreenidge Generation Holdings Inc., which reported results Monday, were also forced to write down the value of their holdings in the wake of the almost 60% drop in the price of Bitcoin during the quarter.While the shares of crypto-mining companies have enjoyed a respite in recent weeks, they are still deep in the red this year. The miners had to shift from their Bitcoin-hoarding positions and sell coins as they struggled to repay debt and cover operational costs in the recent quarter. That continued into the third quarter.“Public miners are still dumping their Bitcoin holdings at a higher rate than their production rate,” Jarand Mellerud, an analyst at Arcane Crypto, wrote in a research note. “Public miners sold 6,200 coins in July, making July the second highest BTC selling month in 2022.”The miners weren’t the only industry participants to take significant hits last quarter.Coinbase Global Inc.,the largest US crypto exchange, registered a $1.1 billion loss, whileMicroStrategy Inc.also had a net loss of more than $1 billion.Top public miners sold 14,600 coins in June whereas they produced 3,900, Mellerud said. Core Scientific sold nearly 80% of its coins to cover operational costs and fund expansion in June. Bitfarms sold nearly half of its holdings to pay down a $100 million loan in the same month.The miners are raising more debt and sell their holdings and mining rigs to stay afloat. Marathonaddedan additional $100 million term loan with crypto-friendly bank Silvergate Capital Corp., while refinancing its existing $100 million line of credit in July. The miner also sold its mining rigs for $58 million. Core Scientific hasentereda $100 million common stock purchase agreement with B. Riley Principal Capital II.TheUS Securities and Exchange Commissionhas told public companies with large Bitcoin holdings on their balance sheets they can’t strip out the price swings while disclosing results. The losses aren’t realized unless there is an actual sale of the tokens.","news_type":1},"isVote":1,"tweetType":1,"viewCount":257,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3577174452658160","authorId":"3577174452658160","name":"KITkat","avatar":"https://static.tigerbbs.com/8a71ab0dde411563f803aa81b1d189a8","crmLevel":4,"crmLevelSwitch":0,"idStr":"3577174452658160","authorIdStr":"3577174452658160"},"content":"Dun enter, if u havent done yet. Unless you enjoy gambling, good luck.","text":"Dun enter, if u havent done yet. Unless you enjoy gambling, good luck.","html":"Dun enter, if u havent done yet. Unless you enjoy gambling, good luck."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940571034,"gmtCreate":1678076683629,"gmtModify":1678076687700,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098449671449560","authorIdStr":"4098449671449560"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/CC3.SI\">$STARHUB LTD(CC3.SI)$&nbsp;</a>Will fall further??","listText":"<a href=\"https://ttm.financial/S/CC3.SI\">$STARHUB LTD(CC3.SI)$&nbsp;</a>Will fall further??","text":"$STARHUB LTD(CC3.SI)$ Will fall further??","images":[{"img":"https://community-static.tradeup.com/news/2f278e0175aad89524279d89600f39f3","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940571034","isVote":1,"tweetType":1,"viewCount":440,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9075426843,"gmtCreate":1658243969882,"gmtModify":1676536127630,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098449671449560","authorIdStr":"4098449671449560"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SRT.SI\">$CSOP S-REITs INDEX ETF(SRT.SI)$</a> will thisfly??","listText":"<a href=\"https://ttm.financial/S/SRT.SI\">$CSOP S-REITs INDEX ETF(SRT.SI)$</a> will thisfly??","text":"$CSOP S-REITs INDEX ETF(SRT.SI)$ will thisfly??","images":[{"img":"https://community-static.tradeup.com/news/66acfcbee9f5fcda80fa3ab63bfe72a0","width":"1170","height":"2532"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075426843","isVote":1,"tweetType":1,"viewCount":166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9026957369,"gmtCreate":1653316833751,"gmtModify":1676535259387,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098449671449560","authorIdStr":"4098449671449560"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SRT.SI\">$CSOP S-REITs INDEX ETF(SRT.SI)$</a> Are there any Div ?","listText":"<a href=\"https://ttm.financial/S/SRT.SI\">$CSOP S-REITs INDEX ETF(SRT.SI)$</a> Are there any Div ?","text":"$CSOP S-REITs INDEX ETF(SRT.SI)$ Are there any Div ?","images":[{"img":"https://community-static.tradeup.com/news/8c14b401233dd84dba5b9e5250f71492","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026957369","isVote":1,"tweetType":1,"viewCount":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9960135158,"gmtCreate":1668092638074,"gmtModify":1676538011610,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098449671449560","authorIdStr":"4098449671449560"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/CC3.SI\">$STARHUB LTD(CC3.SI)$&nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/CC3.SI\">$STARHUB LTD(CC3.SI)$&nbsp;</a>","text":"$STARHUB LTD(CC3.SI)$","images":[{"img":"https://community-static.tradeup.com/news/ed16633b663d137291af045aafb14caa","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9960135158","isVote":1,"tweetType":1,"viewCount":495,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9919353702,"gmtCreate":1663736576406,"gmtModify":1676537326579,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098449671449560","authorIdStr":"4098449671449560"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/03067\">$ISHARESHSTECH(03067)$</a>Do they give dividend?","listText":"<a href=\"https://ttm.financial/S/03067\">$ISHARESHSTECH(03067)$</a>Do they give dividend?","text":"$ISHARESHSTECH(03067)$Do they give dividend?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9919353702","isVote":1,"tweetType":1,"viewCount":286,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9901930936,"gmtCreate":1659108446225,"gmtModify":1676536258969,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098449671449560","authorIdStr":"4098449671449560"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9901930936","repostId":"1114809450","repostType":4,"repost":{"id":"1114809450","kind":"news","pubTimestamp":1659108300,"share":"https://ttm.financial/m/news/1114809450?lang=&edition=fundamental","pubTime":"2022-07-29 23:25","market":"us","language":"en","title":"Alibaba Vs. JD.Com: Let's Hear The Bears Out","url":"https://stock-news.laohu8.com/highlight/detail?id=1114809450","media":"Seeking Alpha","summary":"SummaryI am a long-term Alibaba Bull, but here I will argue against my own bull thesis.My favorite C","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>I am a long-term Alibaba Bull, but here I will argue against my own bull thesis.</li><li>My favorite Charles Munger quote is not to comment on a topic until I can argue against myself better than the people on the other side.</li><li>Following this wisdom, the focus here is to address some potential risks for Alibaba that are not often discussed.</li><li>And these risks are best illustrated by comparison and contrast against JD.com.</li><li>The goal is not to dismiss these risks (they are 100% valid), but to provide a full view so both bears and bulls can all make informed decisions.</li></ul><p><b>Thesis</b></p><p>My last comparison article on Alibaba Group Holding Limited (NYSE:BABA,OTCPK:BABAF) and JD.com, Inc. (NASDAQ:JD) was co-produced with Sensor Unlimited and published back in May 2022. That article focused on the similarities and differences in their business fundamentals and the megatrend in the Asian-Pacific regions.</p><p>In this article, I want to compare them again, but from a completely different angle and for a completely different purpose. This time, I want to compare them to address many of the risks facing BABA. Some of these risks have been often mentioned by BABA bears, while some of them are less mentioned (like BABA’s profitability sustainability and platform role). All these risks are 100% valid to me. So, the point of this article is not to prove the bears to be wrong. To the contrary, their concerns are 100% valid to me. I am here to hear them out and provide my thoughts so both bulls and bears can all make informed decisions.</p><p>After all, the hallmark of a first-rate mind is the ability to hold conflicting views at the same time without losing the ability to act.</p><p>And we will start with the elephant in the room first – the risk in China.</p><p><b>Risk in China</b></p><p>The implied argument here is that the BABA thesis does not depend much on its business fundamentals. Instead, the Chinese government (or the CCP, or the VIE structure, et al) is a central part (or even all) of the thesis.</p><p>As just mentioned, it is a 100% valid argument to me, and I am not here to dismiss it or prove it wrong. I am here to provide my perspective for a full view. And I invite BABA investors or potential BABA investors to consider the following aspects.</p><p>First, I feel the argument is border-lining a political or ideological discussion. Not say political or ideological considerations are not important in investment decisions – to the contrary, they are very important. However, they are difficult to quantify. To me, investing is pretty much all about PRICING risks. It is hard to put a price tag on risks that you cannot quantify. As such, I won’t dwell more on this issue here myself. I recommend Ray Dalio’s recent book entitled “Principles for Dealing with the Changing World Order” for readers who are interested in his view on politics and ideologies. I feel he has deeper insights about China than most Chinese themselves. And, of course, he understands the West deeper than most westerners too. A few quotes from his book are provided below:</p><blockquote><ul><li><i>“I urge those of you who have not spent considerable time in China to look past the caricatured pictures that are often painted by biased parties and rid yourself of any stereotypes you might have that are based on what you thought you knew about the old “communist China” - because they are wrong.</i></li><li><i>“As an aside, I think the widespread medium distortions and the blind and the near-violent loyalties that stand in the way of the thoughtful exploration of our different perspectives are a frightening sign of our times.”</i></li></ul></blockquote><p>Second, this is where JD enters the picture. If the risk is valid, then it should apply to all other major Chinese firms too, such as BABA’s close peer JD. After all, they all operate in the same country and are governed by the same laws (or lack of laws, as many have bears argued). If BABA’s business fundamentals don’t mean much to the investment thesis, then neither should JD’s.</p><p>However, reality does not seem to confirm. The following chart shows a simple counterexample in terms of stock price actions. As you can see from the below chart, over the past year, JD suffered a total loss of around 4%, totally within the range of random fluctuations. On the other hand, BABA&#39;s stock price suffered a total loss of more than 46% in the past years.</p><p>And as you already know, JD is still trading at a healthy (or even lofty) valuation with a P/E around 35x. This leads us to the next risk associated with BABA, its profitability. And we will discuss this next.</p><p><img src=\"https://static.tigerbbs.com/32d445f99fbb8cf67372cf8ba8707ca8\" tg-width=\"640\" tg-height=\"434\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><b>But BABA also has higher margins</b></p><p>The next bearish argument is that due to the regulatory changes, BABA’s good old days are gone and its profitability couldn&#39;t sustain in the future. Therefore, its valuation should be discounted correspondingly.</p><p>A very valid argument again. And moreover, this argument is indeed supported by data, as you can see from the top panel in the next chart. To net profit margin as an example, BABA’s margin has been quite stable and fluctuated in a narrow range between about 20% to 30% in the past before the tech crackdown started in 2020. Then it declined all the way to the current level of 6.4%.</p><p>But as advised by Charlie Munger, being smart is all about actively looking for disconfirming evidence, not confirming evidence. And JD’s margin, shown in the bottom panel of this chart, is an easy disconfirming evince to find. You can see JD’s net margin has declined (and in a more dramatic fashion) since 2021, it is currently in the negative (-1%), and its long-term average is nowhere near BABA’s. In terms of long-term averages, BABA’s margin of 23% is 13x higher than JD’s 1.7%. Even when we compared BABA’s current margin of 6.4% against JD’s long-term average (kind of unfair), BABA is still ahead by about 3.8x.</p><p>And this leads us yet to the next bears’ argument associated with BABA, which goes more or less like this: margins (or profitability in general) are not the whole story, and their business models are not entirely comparable. And we will address this next.</p><p><img src=\"https://static.tigerbbs.com/c68b1d15c317dd7a3a7c0e642dbbbda1\" tg-width=\"640\" tg-height=\"448\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><b>Business model comparison</b></p><p>A few key differences here. First, even though BABA is better known and bigger than JD in market-cap (by almost 3x), JD’s revenues are actually larger than BABA. JD is China&#39;s largest direct retailer in terms of revenue. Second, JD relies almost exclusively on a single source of revenue while BABA is more diversified. JD&#39;s retail business represents 94% of its total sales and almost 100% of its total profits. BABA&#39;s core eCommerce operation “only” accounts for about 87% of its total sales, with the rest coming from other segments such as its cloud service.</p><p>Now, even within the e-commerce segment, they are very different. JD’s main operation is its first-party marketplace. It sells its own goods and keeps its own inventories. In contrast, BABA’s main role is to provide a platform and act as a third party. For reference, Amazon (AMZN) is more of a hybrid. Its Third-Party Sales and First-Party Sales are about an even split in recent years.</p><p>The focus of this article is not trying to argue which model (first-party, third-party, or a hybrid) is better, although that would be a fascinating topic for another article. The point is to acknowledge the bears’ point that net profit margin is not the entire picture because of the differences in business fundamentals</p><p>Or to put it differently, margins do not entirely determine profitability. Intuitively, the reasons are summarized by the following simple example used in one of our earlier articles:</p><blockquote><i>If you buy an orange today for $1 and sell it tomorrow for $1.01, your margin is a meager 1% but your ROIC (which is your true profitability) would be an astronomical 365%. There are three knobs that management can turn to drive up profitability: profit margin (“PM”), asset turnover ratio (“ATR”), and leverage. And PM is only one of the 3 knobs.</i></blockquote><p>And different business models lead to different ATR, as you can clearly see from the following chart. Because of its third-party dominant model, BABA’s ATR has been on average about 0.45x in the past five years (although note that the trend has been improving). In contrast, JD’s ATR is much higher. It has fluctuated in a range from 1.97x to about 2.46x in the past five years, with an average of 2.23x. So, because of its first-party dominant model, JD can operate its asset much more effectively than BABA, on average by about a factor of almost 5x.</p><p><img src=\"https://static.tigerbbs.com/75deb5d294785307e58c8b1e54eb6bc0\" tg-width=\"640\" tg-height=\"449\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><b>True profitability comparison</b></p><p>The next chart compares their return on capital employed (“ROCE”), a comprehensive measure of profitability combining the effects of all three knobs as detailed in my free blog article here. As seen, their current ROCE is on the same order of magnitude – both are at terrific levels. They are not different by 3.8x as net margin would suggest or by 5x as asset utilization would. BABA’s ROCE currently stands at about 95%, and JD at about 85%. Both JD and BABA’s ROCEs have been in decline since 2020 while BABA’s decline is more dramatic.</p><p><img src=\"https://static.tigerbbs.com/1720d0a06becf9ad3bb5dfa46b2ff913\" tg-width=\"640\" tg-height=\"336\" referrerpolicy=\"no-referrer\"/></p><p>Author</p><p><b>Yet BABA P/E is less than ½ of JD</b></p><p>The comparable ROCE now leads me to the following valuation comparison. As you can see, despite very comparable ROCE (BABA is actually higher), BABA&#39;s valuation is less than ½ of JD by most metrics. Let me cite a few examples. BABA’s FY1 P/E of 13.8x is almost only 1/3 of JD’s 35x. Its FY2 P/E of 11.5x is less than 1/2 of JD’s 23.8x.</p><p>And next, we will see that the valuation discount is a bit less than what&#39;s on the surface because of the differences in their balance sheets.</p><p><img src=\"https://static.tigerbbs.com/f8e55787bae44c98c1e22fd8103edec6\" tg-width=\"640\" tg-height=\"566\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><b>Balance sheet and adjusted P/E</b></p><p>Currently, BABA has about $72 billion of cash on its ledger and JD about $28 billion, translating into $26.8 per share for BABA and about $18.6 dollars per share for JD. Both of them also have some debt but the debt is both lower than the cash position. As a result, both carry a net cash position (a quite sizable one) on their ledger. The net cash position for BABA is about $44.5 billion and for JD about $8.3 billion.</p><p>In other words, at their current market cap ($274 billion for BABA and $96 billion for JD), about 16% of BABA’s market cap is just its cash and the percentage is about 20.8% for JD.</p><p>When we subtract the cash out of the stock price, their Pes would both become lower. For BABA, the FY1 P/E would become only 11.6x after adjusting for its cash position. And for JD, the FY1 P/E would become 27.7x, still more than 2x above BABA.</p><p><img src=\"https://static.tigerbbs.com/bec38b2bfebedfcb0394b6a639e2b5b6\" tg-width=\"640\" tg-height=\"300\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><b>Final thoughts and risks</b></p><p>Even though I feel the market has gone too far in the fear direction for BABA (or not enough for JD), I think the bearish arguments are 100% valid. The common bearish concerns concerning BABA such as risk in China, profitability sustainability, and business model, are 100% valid. And I hope the comparison and contrast against its close peer JD better accentuate these concerns so we can all make better investment decisions.</p><p>Finally, besides the above risks mentioned. There are also unfolding macroscopic risks that could impact both BABA and JD. BABA has more exposure overseas and will be more sensitive to global geopolitics such as the Russian/Ukraine situation. The upside is that it’s better poised to tap into the global eCommerce movement, especially in the Asian-Pacific region. There are also macroeconomic headwinds specific to China, which would impact both BABA and JD. In the short term, China faces the challenge of balancing COVID control and economic growth. The World Bank projects its GDP growth to slow in 2022 to 4.3 percent (0.8% lower than China’s own economic update).</p><p>At the same time, China’s housing market is seeing weakening demand and dealing with sizable debt issues. A JPMorgan report estimated that the housing sector has been contributing up to 25% of its GDP when related sectors are considered in the past few years. But demand for housing is predicted to fall 47% by 2030. Such a large decline will create ripple effects throughout its entire economy.</p></body></html>","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>Alibaba Vs. JD.Com: Let's Hear The Bears Out</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\">\nAlibaba Vs. JD.Com: Let's Hear The Bears Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-29 23:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4526927-alibaba-vs-jdcom-lets-hear-the-bears-out?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A41><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryI am a long-term Alibaba Bull, but here I will argue against my own bull thesis.My favorite Charles Munger quote is not to comment on a topic until I can argue against myself better than the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4526927-alibaba-vs-jdcom-lets-hear-the-bears-out?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A41\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09618":"京东集团-SW","JD":"京东","09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4526927-alibaba-vs-jdcom-lets-hear-the-bears-out?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A41","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114809450","content_text":"SummaryI am a long-term Alibaba Bull, but here I will argue against my own bull thesis.My favorite Charles Munger quote is not to comment on a topic until I can argue against myself better than the people on the other side.Following this wisdom, the focus here is to address some potential risks for Alibaba that are not often discussed.And these risks are best illustrated by comparison and contrast against JD.com.The goal is not to dismiss these risks (they are 100% valid), but to provide a full view so both bears and bulls can all make informed decisions.ThesisMy last comparison article on Alibaba Group Holding Limited (NYSE:BABA,OTCPK:BABAF) and JD.com, Inc. (NASDAQ:JD) was co-produced with Sensor Unlimited and published back in May 2022. That article focused on the similarities and differences in their business fundamentals and the megatrend in the Asian-Pacific regions.In this article, I want to compare them again, but from a completely different angle and for a completely different purpose. This time, I want to compare them to address many of the risks facing BABA. Some of these risks have been often mentioned by BABA bears, while some of them are less mentioned (like BABA’s profitability sustainability and platform role). All these risks are 100% valid to me. So, the point of this article is not to prove the bears to be wrong. To the contrary, their concerns are 100% valid to me. I am here to hear them out and provide my thoughts so both bulls and bears can all make informed decisions.After all, the hallmark of a first-rate mind is the ability to hold conflicting views at the same time without losing the ability to act.And we will start with the elephant in the room first – the risk in China.Risk in ChinaThe implied argument here is that the BABA thesis does not depend much on its business fundamentals. Instead, the Chinese government (or the CCP, or the VIE structure, et al) is a central part (or even all) of the thesis.As just mentioned, it is a 100% valid argument to me, and I am not here to dismiss it or prove it wrong. I am here to provide my perspective for a full view. And I invite BABA investors or potential BABA investors to consider the following aspects.First, I feel the argument is border-lining a political or ideological discussion. Not say political or ideological considerations are not important in investment decisions – to the contrary, they are very important. However, they are difficult to quantify. To me, investing is pretty much all about PRICING risks. It is hard to put a price tag on risks that you cannot quantify. As such, I won’t dwell more on this issue here myself. I recommend Ray Dalio’s recent book entitled “Principles for Dealing with the Changing World Order” for readers who are interested in his view on politics and ideologies. I feel he has deeper insights about China than most Chinese themselves. And, of course, he understands the West deeper than most westerners too. A few quotes from his book are provided below:“I urge those of you who have not spent considerable time in China to look past the caricatured pictures that are often painted by biased parties and rid yourself of any stereotypes you might have that are based on what you thought you knew about the old “communist China” - because they are wrong.“As an aside, I think the widespread medium distortions and the blind and the near-violent loyalties that stand in the way of the thoughtful exploration of our different perspectives are a frightening sign of our times.”Second, this is where JD enters the picture. If the risk is valid, then it should apply to all other major Chinese firms too, such as BABA’s close peer JD. After all, they all operate in the same country and are governed by the same laws (or lack of laws, as many have bears argued). If BABA’s business fundamentals don’t mean much to the investment thesis, then neither should JD’s.However, reality does not seem to confirm. The following chart shows a simple counterexample in terms of stock price actions. As you can see from the below chart, over the past year, JD suffered a total loss of around 4%, totally within the range of random fluctuations. On the other hand, BABA's stock price suffered a total loss of more than 46% in the past years.And as you already know, JD is still trading at a healthy (or even lofty) valuation with a P/E around 35x. This leads us to the next risk associated with BABA, its profitability. And we will discuss this next.Seeking AlphaBut BABA also has higher marginsThe next bearish argument is that due to the regulatory changes, BABA’s good old days are gone and its profitability couldn't sustain in the future. Therefore, its valuation should be discounted correspondingly.A very valid argument again. And moreover, this argument is indeed supported by data, as you can see from the top panel in the next chart. To net profit margin as an example, BABA’s margin has been quite stable and fluctuated in a narrow range between about 20% to 30% in the past before the tech crackdown started in 2020. Then it declined all the way to the current level of 6.4%.But as advised by Charlie Munger, being smart is all about actively looking for disconfirming evidence, not confirming evidence. And JD’s margin, shown in the bottom panel of this chart, is an easy disconfirming evince to find. You can see JD’s net margin has declined (and in a more dramatic fashion) since 2021, it is currently in the negative (-1%), and its long-term average is nowhere near BABA’s. In terms of long-term averages, BABA’s margin of 23% is 13x higher than JD’s 1.7%. Even when we compared BABA’s current margin of 6.4% against JD’s long-term average (kind of unfair), BABA is still ahead by about 3.8x.And this leads us yet to the next bears’ argument associated with BABA, which goes more or less like this: margins (or profitability in general) are not the whole story, and their business models are not entirely comparable. And we will address this next.Seeking AlphaBusiness model comparisonA few key differences here. First, even though BABA is better known and bigger than JD in market-cap (by almost 3x), JD’s revenues are actually larger than BABA. JD is China's largest direct retailer in terms of revenue. Second, JD relies almost exclusively on a single source of revenue while BABA is more diversified. JD's retail business represents 94% of its total sales and almost 100% of its total profits. BABA's core eCommerce operation “only” accounts for about 87% of its total sales, with the rest coming from other segments such as its cloud service.Now, even within the e-commerce segment, they are very different. JD’s main operation is its first-party marketplace. It sells its own goods and keeps its own inventories. In contrast, BABA’s main role is to provide a platform and act as a third party. For reference, Amazon (AMZN) is more of a hybrid. Its Third-Party Sales and First-Party Sales are about an even split in recent years.The focus of this article is not trying to argue which model (first-party, third-party, or a hybrid) is better, although that would be a fascinating topic for another article. The point is to acknowledge the bears’ point that net profit margin is not the entire picture because of the differences in business fundamentalsOr to put it differently, margins do not entirely determine profitability. Intuitively, the reasons are summarized by the following simple example used in one of our earlier articles:If you buy an orange today for $1 and sell it tomorrow for $1.01, your margin is a meager 1% but your ROIC (which is your true profitability) would be an astronomical 365%. There are three knobs that management can turn to drive up profitability: profit margin (“PM”), asset turnover ratio (“ATR”), and leverage. And PM is only one of the 3 knobs.And different business models lead to different ATR, as you can clearly see from the following chart. Because of its third-party dominant model, BABA’s ATR has been on average about 0.45x in the past five years (although note that the trend has been improving). In contrast, JD’s ATR is much higher. It has fluctuated in a range from 1.97x to about 2.46x in the past five years, with an average of 2.23x. So, because of its first-party dominant model, JD can operate its asset much more effectively than BABA, on average by about a factor of almost 5x.Seeking AlphaTrue profitability comparisonThe next chart compares their return on capital employed (“ROCE”), a comprehensive measure of profitability combining the effects of all three knobs as detailed in my free blog article here. As seen, their current ROCE is on the same order of magnitude – both are at terrific levels. They are not different by 3.8x as net margin would suggest or by 5x as asset utilization would. BABA’s ROCE currently stands at about 95%, and JD at about 85%. Both JD and BABA’s ROCEs have been in decline since 2020 while BABA’s decline is more dramatic.AuthorYet BABA P/E is less than ½ of JDThe comparable ROCE now leads me to the following valuation comparison. As you can see, despite very comparable ROCE (BABA is actually higher), BABA's valuation is less than ½ of JD by most metrics. Let me cite a few examples. BABA’s FY1 P/E of 13.8x is almost only 1/3 of JD’s 35x. Its FY2 P/E of 11.5x is less than 1/2 of JD’s 23.8x.And next, we will see that the valuation discount is a bit less than what's on the surface because of the differences in their balance sheets.Seeking AlphaBalance sheet and adjusted P/ECurrently, BABA has about $72 billion of cash on its ledger and JD about $28 billion, translating into $26.8 per share for BABA and about $18.6 dollars per share for JD. Both of them also have some debt but the debt is both lower than the cash position. As a result, both carry a net cash position (a quite sizable one) on their ledger. The net cash position for BABA is about $44.5 billion and for JD about $8.3 billion.In other words, at their current market cap ($274 billion for BABA and $96 billion for JD), about 16% of BABA’s market cap is just its cash and the percentage is about 20.8% for JD.When we subtract the cash out of the stock price, their Pes would both become lower. For BABA, the FY1 P/E would become only 11.6x after adjusting for its cash position. And for JD, the FY1 P/E would become 27.7x, still more than 2x above BABA.Seeking AlphaFinal thoughts and risksEven though I feel the market has gone too far in the fear direction for BABA (or not enough for JD), I think the bearish arguments are 100% valid. The common bearish concerns concerning BABA such as risk in China, profitability sustainability, and business model, are 100% valid. And I hope the comparison and contrast against its close peer JD better accentuate these concerns so we can all make better investment decisions.Finally, besides the above risks mentioned. There are also unfolding macroscopic risks that could impact both BABA and JD. BABA has more exposure overseas and will be more sensitive to global geopolitics such as the Russian/Ukraine situation. The upside is that it’s better poised to tap into the global eCommerce movement, especially in the Asian-Pacific region. There are also macroeconomic headwinds specific to China, which would impact both BABA and JD. In the short term, China faces the challenge of balancing COVID control and economic growth. The World Bank projects its GDP growth to slow in 2022 to 4.3 percent (0.8% lower than China’s own economic update).At the same time, China’s housing market is seeing weakening demand and dealing with sizable debt issues. A JPMorgan report estimated that the housing sector has been contributing up to 25% of its GDP when related sectors are considered in the past few years. But demand for housing is predicted to fall 47% by 2030. Such a large decline will create ripple effects throughout its entire economy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":155,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9021028266,"gmtCreate":1652976834755,"gmtModify":1676535200408,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098449671449560","authorIdStr":"4098449671449560"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a>Cry","listText":"<a href=\"https://ttm.financial/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a>Cry","text":"$OVERSEA-CHINESE BANKING CORP(O39.SI)$Cry","images":[{"img":"https://community-static.tradeup.com/news/38d5884e3b86ccb5304b1007594a5f1e","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9021028266","isVote":1,"tweetType":1,"viewCount":175,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4113824102564902","authorId":"4113824102564902","name":"Lionel8383","avatar":"https://community-static.tradeup.com/news/816b168172cfedf6cec338c52322f186","crmLevel":2,"crmLevelSwitch":1,"idStr":"4113824102564902","authorIdStr":"4113824102564902"},"content":"Will get better","text":"Will get better","html":"Will get better"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9042446843,"gmtCreate":1656517895782,"gmtModify":1676535844529,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098449671449560","authorIdStr":"4098449671449560"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SRT.SI\">$CSOP S-REITs INDEX ETF(SRT.SI)$</a> Got dividend ?[What]&nbsp;","listText":"<a href=\"https://ttm.financial/S/SRT.SI\">$CSOP S-REITs INDEX ETF(SRT.SI)$</a> Got dividend ?[What]&nbsp;","text":"$CSOP S-REITs INDEX ETF(SRT.SI)$ Got dividend ?[What]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042446843","isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9969381165,"gmtCreate":1668354801458,"gmtModify":1676538044349,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098449671449560","authorIdStr":"4098449671449560"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/CC3.SI\">$STARHUB LTD(CC3.SI)$&nbsp;</a>what do you all think at this price $1.03? Up or down more?","listText":"<a href=\"https://ttm.financial/S/CC3.SI\">$STARHUB LTD(CC3.SI)$&nbsp;</a>what do you all think at this price $1.03? Up or down more?","text":"$STARHUB LTD(CC3.SI)$ what do you all think at this price $1.03? Up or down more?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9969381165","isVote":1,"tweetType":1,"viewCount":319,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9907498074,"gmtCreate":1660228399701,"gmtModify":1703496574360,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098449671449560","authorIdStr":"4098449671449560"},"themes":[],"htmlText":"Gd","listText":"Gd","text":"Gd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907498074","repostId":"1145152214","repostType":4,"repost":{"id":"1145152214","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1660231782,"share":"https://ttm.financial/m/news/1145152214?lang=&edition=fundamental","pubTime":"2022-08-11 23:29","market":"us","language":"en","title":"U.S. PPI Fell 0.5% in July After 1.1% Gain in Prior Month; Initial Jobless Claims Rose to 262,000 in the Latest Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1145152214","media":"Tiger Newspress","summary":"A key measure of US producer prices unexpectedly fell in July for the first time in more than two ye","content":"<html><head></head><body><p>A key measure of US producer prices unexpectedly fell in July for the first time in more than two years, largely reflecting a drop in energy costs and representing a welcome moderation in inflationary pressures.</p><p>The producer price index for final demand decreased 0.5% from a month earlier and rose 9.8% from a year ago, Labor Department data showed Thursday. The pullback was entirely due to a decline in the costs of goods, though services prices only edged up.</p><p>Excluding the volatile food and energy components, the so-called core PPI rose 0.2% from June and 7.6% from a year earlier. Both the overall and core figures were softer than forecast.</p><p>The figures suggest some pipeline inflationary pressures are beginning to ease. Commodity prices, including oil, have dropped sharply in recent months, and there are indications that supply-chain conditions are improving.</p><p>Consumer-price data out Wednesday also showed a welcome moderation in inflation in July, largely reflecting a pullback in prices at the pump. Even so, inflation remains stubbornly high and will likely keep the Federal Reserve on an aggressive path to curb it.</p><p>Goods Prices</p><p>Some 80% of the decline in goods prices was due to a 16.7% plunge in gasoline prices, the report showed. Diesel, iron and steel scrap and grains also decreased.</p><p>Services prices rose just 0.1% in July, led by an increase in fuel margins and transportation and warehousing. Meanwhile, prices for portfolio management, food and alcohol retailing and long-distance trucking declined.</p><p>Thursday’s report adds to separate data from S&amp;P Global and regional Fed banks that showed a pullback in prices paid for inputs like materials in July.</p><p>Risks remain, however. While supply chains have started normalizing, the war in Ukraine, labor negotiations at West Coast ports and China’s zero-Covid policy represent potential logistics speed bumps for US producers.</p><p>Producer prices excluding food, energy, and trade services -- which strips out the most volatile components of the index -- increased 0.2% and 5.8% from a year earlier.</p><p>Meanwhile, initial jobless claims rose to 262,000 in the latest week.</p><p>The number of Americans filing new claims for unemployment benefits rose for the second straight week, indicating further softening in the labor market despite still tight conditions as the Federal Reserve tries to slow demand to help tame inflation.</p><p>Initial claims for state unemployment benefits rose 14,000 to a seasonally adjusted 262,000 for the week ended Aug. 6, the Labor Department said on Thursday. Economists polled by Reuters had forecast 263,000 applications for the latest week.</p><p>That&#39;s still below the 270,000-300,000 range that economists say would signal a material slowdown in the labor market.</p><p>The number of people receiving benefits after an initial week of aid increased 8,000 to 1.428 million during the week ending July 30. The so-called continuing claims are a proxy for hiring.</p><p>The U.S. economy unexpectedly contracted in the second quarter, with consumer spending growing at its slowest pace in two years and business spending declining. The second straight quarterly decline in gross domestic product largely reflected a more moderate pace of inventory accumulation by businesses as job gains overall have stayed strong.</p><p>The economy created an unexpectedly robust 528,000 jobs in July, the unemployment rate fell back to its pre-pandemic low, and wage gains surprised to the upside, the Labor Department announced last Friday in a monthly employment report that makes it harder for the Fed to bring the economy into balance soon.</p><p>There were 10.7 million job openings at the end of June, with 1.8 openings for every unemployed worker.</p><p>The U.S. central bank last month raised its policy rate by another three-quarters of a percentage point as part of its effort to quash high inflation. The Fed has now hiked that rate by 225 basis points since March.</p></body></html>","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>U.S. PPI Fell 0.5% in July After 1.1% Gain in Prior Month; Initial Jobless Claims Rose to 262,000 in the Latest Week</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\">\nU.S. PPI Fell 0.5% in July After 1.1% Gain in Prior Month; Initial Jobless Claims Rose to 262,000 in the Latest Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-08-11 23:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>A key measure of US producer prices unexpectedly fell in July for the first time in more than two years, largely reflecting a drop in energy costs and representing a welcome moderation in inflationary pressures.</p><p>The producer price index for final demand decreased 0.5% from a month earlier and rose 9.8% from a year ago, Labor Department data showed Thursday. The pullback was entirely due to a decline in the costs of goods, though services prices only edged up.</p><p>Excluding the volatile food and energy components, the so-called core PPI rose 0.2% from June and 7.6% from a year earlier. Both the overall and core figures were softer than forecast.</p><p>The figures suggest some pipeline inflationary pressures are beginning to ease. Commodity prices, including oil, have dropped sharply in recent months, and there are indications that supply-chain conditions are improving.</p><p>Consumer-price data out Wednesday also showed a welcome moderation in inflation in July, largely reflecting a pullback in prices at the pump. Even so, inflation remains stubbornly high and will likely keep the Federal Reserve on an aggressive path to curb it.</p><p>Goods Prices</p><p>Some 80% of the decline in goods prices was due to a 16.7% plunge in gasoline prices, the report showed. Diesel, iron and steel scrap and grains also decreased.</p><p>Services prices rose just 0.1% in July, led by an increase in fuel margins and transportation and warehousing. Meanwhile, prices for portfolio management, food and alcohol retailing and long-distance trucking declined.</p><p>Thursday’s report adds to separate data from S&amp;P Global and regional Fed banks that showed a pullback in prices paid for inputs like materials in July.</p><p>Risks remain, however. While supply chains have started normalizing, the war in Ukraine, labor negotiations at West Coast ports and China’s zero-Covid policy represent potential logistics speed bumps for US producers.</p><p>Producer prices excluding food, energy, and trade services -- which strips out the most volatile components of the index -- increased 0.2% and 5.8% from a year earlier.</p><p>Meanwhile, initial jobless claims rose to 262,000 in the latest week.</p><p>The number of Americans filing new claims for unemployment benefits rose for the second straight week, indicating further softening in the labor market despite still tight conditions as the Federal Reserve tries to slow demand to help tame inflation.</p><p>Initial claims for state unemployment benefits rose 14,000 to a seasonally adjusted 262,000 for the week ended Aug. 6, the Labor Department said on Thursday. Economists polled by Reuters had forecast 263,000 applications for the latest week.</p><p>That&#39;s still below the 270,000-300,000 range that economists say would signal a material slowdown in the labor market.</p><p>The number of people receiving benefits after an initial week of aid increased 8,000 to 1.428 million during the week ending July 30. The so-called continuing claims are a proxy for hiring.</p><p>The U.S. economy unexpectedly contracted in the second quarter, with consumer spending growing at its slowest pace in two years and business spending declining. The second straight quarterly decline in gross domestic product largely reflected a more moderate pace of inventory accumulation by businesses as job gains overall have stayed strong.</p><p>The economy created an unexpectedly robust 528,000 jobs in July, the unemployment rate fell back to its pre-pandemic low, and wage gains surprised to the upside, the Labor Department announced last Friday in a monthly employment report that makes it harder for the Fed to bring the economy into balance soon.</p><p>There were 10.7 million job openings at the end of June, with 1.8 openings for every unemployed worker.</p><p>The U.S. central bank last month raised its policy rate by another three-quarters of a percentage point as part of its effort to quash high inflation. The Fed has now hiked that rate by 225 basis points since March.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145152214","content_text":"A key measure of US producer prices unexpectedly fell in July for the first time in more than two years, largely reflecting a drop in energy costs and representing a welcome moderation in inflationary pressures.The producer price index for final demand decreased 0.5% from a month earlier and rose 9.8% from a year ago, Labor Department data showed Thursday. The pullback was entirely due to a decline in the costs of goods, though services prices only edged up.Excluding the volatile food and energy components, the so-called core PPI rose 0.2% from June and 7.6% from a year earlier. Both the overall and core figures were softer than forecast.The figures suggest some pipeline inflationary pressures are beginning to ease. Commodity prices, including oil, have dropped sharply in recent months, and there are indications that supply-chain conditions are improving.Consumer-price data out Wednesday also showed a welcome moderation in inflation in July, largely reflecting a pullback in prices at the pump. Even so, inflation remains stubbornly high and will likely keep the Federal Reserve on an aggressive path to curb it.Goods PricesSome 80% of the decline in goods prices was due to a 16.7% plunge in gasoline prices, the report showed. Diesel, iron and steel scrap and grains also decreased.Services prices rose just 0.1% in July, led by an increase in fuel margins and transportation and warehousing. Meanwhile, prices for portfolio management, food and alcohol retailing and long-distance trucking declined.Thursday’s report adds to separate data from S&P Global and regional Fed banks that showed a pullback in prices paid for inputs like materials in July.Risks remain, however. While supply chains have started normalizing, the war in Ukraine, labor negotiations at West Coast ports and China’s zero-Covid policy represent potential logistics speed bumps for US producers.Producer prices excluding food, energy, and trade services -- which strips out the most volatile components of the index -- increased 0.2% and 5.8% from a year earlier.Meanwhile, initial jobless claims rose to 262,000 in the latest week.The number of Americans filing new claims for unemployment benefits rose for the second straight week, indicating further softening in the labor market despite still tight conditions as the Federal Reserve tries to slow demand to help tame inflation.Initial claims for state unemployment benefits rose 14,000 to a seasonally adjusted 262,000 for the week ended Aug. 6, the Labor Department said on Thursday. Economists polled by Reuters had forecast 263,000 applications for the latest week.That's still below the 270,000-300,000 range that economists say would signal a material slowdown in the labor market.The number of people receiving benefits after an initial week of aid increased 8,000 to 1.428 million during the week ending July 30. The so-called continuing claims are a proxy for hiring.The U.S. economy unexpectedly contracted in the second quarter, with consumer spending growing at its slowest pace in two years and business spending declining. The second straight quarterly decline in gross domestic product largely reflected a more moderate pace of inventory accumulation by businesses as job gains overall have stayed strong.The economy created an unexpectedly robust 528,000 jobs in July, the unemployment rate fell back to its pre-pandemic low, and wage gains surprised to the upside, the Labor Department announced last Friday in a monthly employment report that makes it harder for the Fed to bring the economy into balance soon.There were 10.7 million job openings at the end of June, with 1.8 openings for every unemployed worker.The U.S. central bank last month raised its policy rate by another three-quarters of a percentage point as part of its effort to quash high inflation. The Fed has now hiked that rate by 225 basis points since March.","news_type":1},"isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9955391628,"gmtCreate":1675180160864,"gmtModify":1676538982400,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098449671449560","authorIdStr":"4098449671449560"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/CC3.SI\">$STARHUB LTD(CC3.SI)$&nbsp;</a>Why up so much ?&nbsp;","listText":"<a href=\"https://ttm.financial/S/CC3.SI\">$STARHUB LTD(CC3.SI)$&nbsp;</a>Why up so much ?&nbsp;","text":"$STARHUB LTD(CC3.SI)$ Why up so much ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955391628","isVote":1,"tweetType":1,"viewCount":425,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9986509287,"gmtCreate":1666971789450,"gmtModify":1676537842931,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098449671449560","authorIdStr":"4098449671449560"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a><v-v data-views=\"1\"></v-v>","text":"$Tiger Brokers(TIGR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9986509287","isVote":1,"tweetType":1,"viewCount":410,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9065209526,"gmtCreate":1652193061266,"gmtModify":1676535049400,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098449671449560","authorIdStr":"4098449671449560"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SRT.SI\">$CSOP S-REITs INDEX ETF(SRT.SI)$</a>cry","listText":"<a href=\"https://ttm.financial/S/SRT.SI\">$CSOP S-REITs INDEX ETF(SRT.SI)$</a>cry","text":"$CSOP S-REITs INDEX ETF(SRT.SI)$cry","images":[{"img":"https://community-static.tradeup.com/news/4776612c324e183f95cfeea6049a183c","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065209526","isVote":1,"tweetType":1,"viewCount":38,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":346661388824704,"gmtCreate":1725663554792,"gmtModify":1725663559842,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098449671449560","authorIdStr":"4098449671449560"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/CC3.SI\">$StarHub(CC3.SI)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/CC3.SI\">$StarHub(CC3.SI)$&nbsp;</a>&nbsp;","text":"$StarHub(CC3.SI)$","images":[{"img":"https://community-static.tradeup.com/news/1d5cd2689f4767f21af40516a4804f81","width":"981","height":"1637"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/346661388824704","isVote":1,"tweetType":1,"viewCount":208,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":237679423266824,"gmtCreate":1699062740211,"gmtModify":1699062743265,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098449671449560","authorIdStr":"4098449671449560"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237679423266824","repostId":"237464593219656","repostType":1,"repost":{"id":237464593219656,"gmtCreate":1699011651894,"gmtModify":1699011672289,"author":{"id":"3527667668165440","authorId":"3527667668165440","name":"Capital_Insights","avatar":"https://static.tigerbbs.com/cfdc66fff48bb2b9e2d328ac5eb33100","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667668165440","authorIdStr":"3527667668165440"},"themes":[],"title":"Blue Chip Daily: Focus on Stocks Over the 20, 50 and 200-sma","htmlText":"Larry Tentarelli @bluechipdaily<a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> reclaimed the 40-Week MA today, Still below 10-week. Needs a close over 4400 to reclaim 20-week MA and more importantly put in a higher high.All 11 <a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> 500 sectors were up, by 1.3% or more. These strong breadth moves are usually at the beginning of a bigger trend move, as we saw in June.Do your have trading target stock for November?For individual stocks, Index direction and trend are key. For stock selection, over the 20, 50 and 200-sma are often the strongest stocks. Other criteria go into stock selection. 206 large caps &gt; 20, 50 &amp; 200. Coming out of an index drawdown, I use a combination of ETFs (for size) &amp; single stocks.","listText":"Larry Tentarelli @bluechipdaily<a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> reclaimed the 40-Week MA today, Still below 10-week. Needs a close over 4400 to reclaim 20-week MA and more importantly put in a higher high.All 11 <a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> 500 sectors were up, by 1.3% or more. These strong breadth moves are usually at the beginning of a bigger trend move, as we saw in June.Do your have trading target stock for November?For individual stocks, Index direction and trend are key. For stock selection, over the 20, 50 and 200-sma are often the strongest stocks. Other criteria go into stock selection. 206 large caps &gt; 20, 50 &amp; 200. Coming out of an index drawdown, I use a combination of ETFs (for size) &amp; single stocks.","text":"Larry Tentarelli @bluechipdaily$S&P 500(.SPX)$ reclaimed the 40-Week MA today, Still below 10-week. Needs a close over 4400 to reclaim 20-week MA and more importantly put in a higher high.All 11 $S&P 500(.SPX)$ 500 sectors were up, by 1.3% or more. These strong breadth moves are usually at the beginning of a bigger trend move, as we saw in June.Do your have trading target stock for November?For individual stocks, Index direction and trend are key. For stock selection, over the 20, 50 and 200-sma are often the strongest stocks. Other criteria go into stock selection. 206 large caps > 20, 50 & 200. Coming out of an index drawdown, I use a combination of ETFs (for size) & single stocks.","images":[{"img":"https://community-static.tradeup.com/news/d4bd8de9eba68b9434ecb1e8d0c19a45","width":"680","height":"431"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237464593219656","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":345,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":237679255146632,"gmtCreate":1699062715644,"gmtModify":1699062718852,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098449671449560","authorIdStr":"4098449671449560"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237679255146632","repostId":"237134597373968","repostType":1,"repost":{"id":237134597373968,"gmtCreate":1698931175369,"gmtModify":1699253435340,"author":{"id":"10000000000010945","authorId":"10000000000010945","name":"Meme_Tiger","avatar":"https://community-static.tradeup.com/news/eb1a09788252e1f02cd561cbf0b1ac99","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"10000000000010945","authorIdStr":"10000000000010945"},"themes":[],"title":"🎁WeWork Bankrupt? Which Meme Stock is Next?","htmlText":"According to report by WSJ, <a href=\"https://ttm.financial/S/WE\">$WeWork(WE)$</a> plans to file for bankruptcy as early as next week.WeWork, once highly anticipated, experienced a significant decline in value (once at $47 billion) due to management issues and investor concerns.With its business model questioned by many, will WeWork receive more funds or be acquired by big tech?$10 bln funds vs. $10 bln debtsSoftBank invested substantial funds of over $10 bln, but WeWork's value plummeted by almost 98%.lose 47% on the bankruptcy newsEarlier on Tuesday, the company told the US financial regulator it had agreed with creditors to temporarily postpone payments for some of its debt.As of June this year, WeWork had 777 office locations in 39 countries, with estimated lease debts of up to $10 bill","listText":"According to report by WSJ, <a href=\"https://ttm.financial/S/WE\">$WeWork(WE)$</a> plans to file for bankruptcy as early as next week.WeWork, once highly anticipated, experienced a significant decline in value (once at $47 billion) due to management issues and investor concerns.With its business model questioned by many, will WeWork receive more funds or be acquired by big tech?$10 bln funds vs. $10 bln debtsSoftBank invested substantial funds of over $10 bln, but WeWork's value plummeted by almost 98%.lose 47% on the bankruptcy newsEarlier on Tuesday, the company told the US financial regulator it had agreed with creditors to temporarily postpone payments for some of its debt.As of June this year, WeWork had 777 office locations in 39 countries, with estimated lease debts of up to $10 bill","text":"According to report by WSJ, $WeWork(WE)$ plans to file for bankruptcy as early as next week.WeWork, once highly anticipated, experienced a significant decline in value (once at $47 billion) due to management issues and investor concerns.With its business model questioned by many, will WeWork receive more funds or be acquired by big tech?$10 bln funds vs. $10 bln debtsSoftBank invested substantial funds of over $10 bln, but WeWork's value plummeted by almost 98%.lose 47% on the bankruptcy newsEarlier on Tuesday, the company told the US financial regulator it had agreed with creditors to temporarily postpone payments for some of its debt.As of June this year, WeWork had 777 office locations in 39 countries, with estimated lease debts of up to $10 bill","images":[{"img":"https://community-static.tradeup.com/news/afe23c48c5cf02d6b4aade2057f6e9f4","width":"1080","height":"1080"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237134597373968","isVote":2,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"vote":{"id":2887,"gmtBegin":1698931333790,"gmtEnd":1699190488977,"type":1,"upper":2,"title":"Will WeWork go bankrupt or short squeeze?","choices":[{"id":10718,"sort":1,"name":"Bankrupt of course","userSize":72,"voted":false},{"id":10719,"sort":2,"name":"OMG! Short squeeze and TTM!! ","userSize":37,"voted":false},{"id":10720,"sort":3,"name":"Be acquired by big tech, who knows?","userSize":27,"voted":false},{"id":10721,"sort":4,"name":"Financing by Softbank or other big guys","userSize":28,"voted":false}]},"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":476,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":237678611661000,"gmtCreate":1699062701253,"gmtModify":1699065307024,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098449671449560","authorIdStr":"4098449671449560"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237678611661000","repostId":"237111601414216","repostType":1,"repost":{"id":237111601414216,"gmtCreate":1698925472255,"gmtModify":1698925519859,"author":{"id":"3527667618821228","authorId":"3527667618821228","name":"MillionaireTiger","avatar":"https://static.tigerbbs.com/dc558bf32e48ad6ed6d057026ef55af7","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667618821228","authorIdStr":"3527667618821228"},"themes":[],"title":"Do You Know of Any 'Easy Money' or 'Quick Buck' Opportunities in the Stock Market?","htmlText":"Welcome to Thursday Special!In the stock market, there are certain investment strategies and tactics that are jokingly referred to as 'easy money' or 'making a quick buck' because they appear to be relatively straightforward and offer a high level of certainty when it comes to making money. 💸💸💸For instance, since the recent escalation of the Israel-Palestine conflict, assets like gold and defense stocks like <a href=\"https://ttm.financial/S/RTX\">$Raytheon Technologies Corporation(RTX)$</a> and <a href=\"https://ttm.financial/S/LMT\">$Lockheed Martin(LMT)$</a> have seen significant surges in the worst October.📈For value investors, it involves seeking undervalued stocks, believing their true worth is higher than their current market price, and then purchasing them, patiently waiting for the ma","listText":"Welcome to Thursday Special!In the stock market, there are certain investment strategies and tactics that are jokingly referred to as 'easy money' or 'making a quick buck' because they appear to be relatively straightforward and offer a high level of certainty when it comes to making money. 💸💸💸For instance, since the recent escalation of the Israel-Palestine conflict, assets like gold and defense stocks like <a href=\"https://ttm.financial/S/RTX\">$Raytheon Technologies Corporation(RTX)$</a> and <a href=\"https://ttm.financial/S/LMT\">$Lockheed Martin(LMT)$</a> have seen significant surges in the worst October.📈For value investors, it involves seeking undervalued stocks, believing their true worth is higher than their current market price, and then purchasing them, patiently waiting for the ma","text":"Welcome to Thursday Special!In the stock market, there are certain investment strategies and tactics that are jokingly referred to as 'easy money' or 'making a quick buck' because they appear to be relatively straightforward and offer a high level of certainty when it comes to making money. 💸💸💸For instance, since the recent escalation of the Israel-Palestine conflict, assets like gold and defense stocks like $Raytheon Technologies Corporation(RTX)$ and $Lockheed Martin(LMT)$ have seen significant surges in the worst October.📈For value investors, it involves seeking undervalued stocks, believing their true worth is higher than their current market price, and then purchasing them, patiently waiting for the ma","images":[{"img":"https://community-static.tradeup.com/news/a72cb9a73b3583f19ba39830ea9d696f","width":"1280","height":"720"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237111601414216","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"subType":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":430,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949682665,"gmtCreate":1678594255958,"gmtModify":1678594261032,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098449671449560","authorIdStr":"4098449671449560"},"themes":[],"htmlText":"Yippie[Happy]&nbsp;[Happy]&nbsp;","listText":"Yippie[Happy]&nbsp;[Happy]&nbsp;","text":"Yippie[Happy] [Happy]","images":[{"img":"https://community-static.tradeup.com/news/6e29e28c662881088048f45ed3e737d5","width":"1125","height":"1476"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949682665","isVote":1,"tweetType":1,"viewCount":534,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9955543068,"gmtCreate":1675613099655,"gmtModify":1676539009143,"author":{"id":"4098449671449560","authorId":"4098449671449560","name":"tykimikki","avatar":"https://static.tigerbbs.com/7ad4cf53a8a973a96b6f5fc26aa80231","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098449671449560","authorIdStr":"4098449671449560"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/CC3.SI\">$STARHUB LTD(CC3.SI)$&nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/CC3.SI\">$STARHUB LTD(CC3.SI)$&nbsp;</a>","text":"$STARHUB LTD(CC3.SI)$","images":[{"img":"https://community-static.tradeup.com/news/3c825f1f74564e1a78ab49150164ffe4","width":"1170","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955543068","isVote":1,"tweetType":1,"viewCount":509,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}