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08-15

$Alibaba(BABA)$ earnings out!! Profit dropped 90%!!! Quickly sell and run the fk out!!!

04-10

$iShares China Large-Cap ETF(FXI)$ lol

2023-01-15

Ok

2023-01-13

Ok

The Markets Are Locked in a Game of Chicken With the Fed

2022-09-01

$AMTD Digital Inc.(HKD)$lloll

2022-02-07

Ok

Singapore Stock Market Likely Rangebound On Monday

2022-01-29

Ok

Goldman Sachs Predicts Fed Will Raise Rates Five Times This Year

2022-04-19

Ok

U.S. Stocks Open Little Changed As Investors Digest Latest Batch of Corporate Earnings

2022-01-31

Ok

Kaleido Bio discontinues Phase 2 KB109 study, ends collaboration with COPD Foundation

2023-01-11

Lol

2022-05-26

Ok

Alibaba Beats Estimates for Quarterly Revenue

01-24

Lol

Alibaba: A Wonderful Opportunity For Investors With Risk Tolerance

2022-05-23

$Apple(AAPL)$llol

2022-02-05

Good

Apple Aims to Debut a New Low-Cost 5G iPhone and iPad in Early March

2022-01-06

:(

Singapore Stock Market May Take Further Damage On Thursday

2023-01-14

Ok

2023-01-12

Ok

2022-12-29

Okk

2022-12-22

G

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300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.01.30","exceedPercentage":"93.74%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a 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Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$&nbsp;</a> earnings out!! Profit dropped 90%!!! Quickly sell and run the fk out!!!","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$&nbsp;</a> earnings out!! Profit dropped 90%!!! Quickly sell and run the fk out!!!","text":"$Alibaba(BABA)$ earnings out!! Profit dropped 90%!!! Quickly sell and run the fk out!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":1,"repostSize":58,"link":"https://ttm.financial/post/338730893389904","isVote":1,"tweetType":1,"viewCount":1743,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":310884460294344,"gmtCreate":1716905184643,"gmtModify":1716905188190,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$&nbsp;</a><v-v data-views=\"0\"></v-v> Terrible","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$&nbsp;</a><v-v data-views=\"0\"></v-v> Terrible","text":"$Alibaba(BABA)$ Terrible","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/310884460294344","isVote":1,"tweetType":1,"viewCount":473,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3570149996439122","authorId":"3570149996439122","name":"Terrorfredx","avatar":"https://static.tigerbbs.com/0880b3f2e8a2b91b2d9e17ff547c94dd","crmLevel":6,"crmLevelSwitch":1,"idStr":"3570149996439122","authorIdStr":"3570149996439122"},"content":"normal day holding alibaba red is the colour ahhaa","text":"normal day holding alibaba red is the colour ahhaa","html":"normal day holding alibaba red is the colour ahhaa"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":293813307810040,"gmtCreate":1712738568087,"gmtModify":1712738572394,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/FXI\">$iShares China Large-Cap ETF(FXI)$ </a> lol","listText":"<a href=\"https://ttm.financial/S/FXI\">$iShares China Large-Cap ETF(FXI)$ </a> lol","text":"$iShares China Large-Cap ETF(FXI)$ lol","images":[{"img":"https://community-static.tradeup.com/news/55400b68ba685da0be8086198bc06b26","width":"882","height":"1608"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/293813307810040","isVote":1,"tweetType":1,"viewCount":402,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":266500642603096,"gmtCreate":1706099279094,"gmtModify":1706099283640,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"Lol","listText":"Lol","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/266500642603096","repostId":"2405498188","repostType":2,"repost":{"id":"2405498188","kind":"highlight","pubTimestamp":1706097140,"share":"https://ttm.financial/m/news/2405498188?lang=&edition=fundamental","pubTime":"2024-01-24 19:52","market":"us","language":"en","title":"Alibaba: A Wonderful Opportunity For Investors With Risk Tolerance","url":"https://stock-news.laohu8.com/highlight/detail?id=2405498188","media":"seekingalpha","summary":"A reverse DCF analysis indicates that the current stock price reflects revenue growth of -2%, which is overly pessimistic.My calculation of the intrinsic value of BABA is $348 billion, equivalent to $","content":"<html><head></head><body><ul style=\"\"><li><p>A reverse DCF analysis indicates that the current stock price reflects revenue growth of -2%, which is overly pessimistic.</p></li><li><p>My calculation of the intrinsic value of BABA is $348 billion, equivalent to $137 per share.</p></li><li><p>For value investors who are willing to take risks and have a long-term view, the current stock price is a great opportunity.</p></li></ul><h2 id=\"id_1996157958\">Investment Thesis</h2><p>Since October 2020, Alibaba&#39;s (NYSE:BABA) stock has been declining, and it reached its IPO price in 2014. Everyone is fearful and capitulated. However, I believe the current stock price reflects an overly pessimistic expectation that is not justifiable.</p><h2 id=\"id_3777007191\">Overview of Alibaba</h2><p>As per the latest earning report, BABA&#39;s main revenue streams come from Taobao and Tmall Group (43.4%), Alibaba International Digital Commerce Group, AIDC for short (10.9%), and Cloud (12.3%). News surrounding each segment intensifies the fear about the future of BABA.</p><p>The rise of Temu, a subsidiary of PDD Holdings (PDD), equipped with lower prices and free shipping, evokes fears about AIDC&#39;s competitiveness in cross-border e-commerce.</p><p>The U.S. export restrictions on semiconductors, leading to the cancellation of the spin-off and IPO of BABA&#39;s cloud segment, cast doubt over the value of the cloud business in China. Moreover, the leadership change in the cloud segment raises questions about occurrences that investors may not have captured.</p><h2 id=\"id_2642891796\">Measuring temperature</h2><p>The trend of BABA&#39;s stock seems to be telling that BABA is getting into a death spiral. Before analyzing BABA&#39;s fundamentals, let&#39;s measure the temperature of the current stock price. To identify the expectation embedded in the current stock price, I conducted a reverse DCF analysis.</p><p>Among the variables required for DCF analysis, negative news such as China&#39;s GDP slowdown and intense competition evokes questions about BABA&#39;s revenue growth. Thus, I assigned fixed figures to other variables to estimate the expectation of revenue growth rate in the stock&#39;s current price.</p><p>The past trend indicates that the operating margin is downward, and the TTM operating margin is 14.6%. I assigned 10% for this simulation, which is lower than the historical low.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cda8fd6381102dc6a7cecda603bd0943\" tg-width=\"600\" tg-height=\"371\"/></p><p>BABA&#39;s filing, the Author</p><p>I assigned a 25% tax rate based on the Chinese corporate tax rate, a sales-to-capital ratio of 3, considering the historical reinvestment rate, and a cost of capital of 10% considering the U.S. 10-year treasury bond yield and equity risk premium.</p><p>For the terminal value variables, I applied a 10% ROIC, equal to the cost of capital, meaning that the growth rate for the terminal value neither creates nor deteriorates the company&#39;s value.</p><p>As per the latest earning report, BABA has $78.7 billion in cash and cash equivalents, $31 billion in interest-bearing debt, and $63 billion in non-operating assets. I applied a 30% discount on the non-operating assets because most of the assets are related to &#39;Chinese&#39; companies.</p><p>Given my assumptions above, the reverse DCF analysis indicates that the expected revenue growth rate in the current stock price (around $70) is negative 2%. This expectation is too bad to be true.</p><p>(in millions, except value per share)</p><table style=\"border-collapse:collapse;\"><colgroup><col/><col/><col/><col/><col/><col/><col/><col/></colgroup><tbody><tr><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>TTM</p></td><td style=\"text-align:left;\"><p>1</p></td><td style=\"text-align:left;\"><p>2</p></td><td style=\"text-align:left;\"><p>3</p></td><td style=\"text-align:left;\"><p>4</p></td><td style=\"text-align:left;\"><p>5</p></td><td style=\"text-align:left;\"><p>TV</p></td></tr><tr><td style=\"text-align:left;\"><p>Revenue</p></td><td style=\"text-align:left;\"><p>$125</p></td><td style=\"text-align:left;\"><p>$123</p></td><td style=\"text-align:left;\"><p>$120</p></td><td style=\"text-align:left;\"><p>$118</p></td><td style=\"text-align:left;\"><p>$116</p></td><td style=\"text-align:left;\"><p>$113</p></td><td style=\"text-align:left;\"><p></p></td></tr><tr><td style=\"text-align:left;\"><p>Revenue growth</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>-2%</p></td><td style=\"text-align:left;\"><p>-2%</p></td><td style=\"text-align:left;\"><p>-2%</p></td><td style=\"text-align:left;\"><p>-2%</p></td><td style=\"text-align:left;\"><p>-2%</p></td><td style=\"text-align:left;\"><p>4%</p></td></tr><tr><td style=\"text-align:left;\"><p>Operating income</p></td><td style=\"text-align:left;\"><p>$18</p></td><td style=\"text-align:left;\"><p>$12</p></td><td style=\"text-align:left;\"><p>$12</p></td><td style=\"text-align:left;\"><p>$12</p></td><td style=\"text-align:left;\"><p>$12</p></td><td style=\"text-align:left;\"><p>$11</p></td><td style=\"text-align:left;\"><p></p></td></tr><tr><td style=\"text-align:left;\"><p>OP margin</p></td><td style=\"text-align:left;\"><p>10%</p></td><td style=\"text-align:left;\"><p>10%</p></td><td style=\"text-align:left;\"><p>10%</p></td><td style=\"text-align:left;\"><p>10%</p></td><td style=\"text-align:left;\"><p>10%</p></td><td style=\"text-align:left;\"><p>10%</p></td><td style=\"text-align:left;\"><p></p></td></tr><tr><td style=\"text-align:left;\"><p>After-tax income</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>$9</p></td><td style=\"text-align:left;\"><p>$9</p></td><td style=\"text-align:left;\"><p>$9</p></td><td style=\"text-align:left;\"><p>$9</p></td><td style=\"text-align:left;\"><p>$8</p></td><td style=\"text-align:left;\"><p>$9</p></td></tr><tr><td style=\"text-align:left;\"><p>Reinvestment</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>$1</p></td><td style=\"text-align:left;\"><p>$1</p></td><td style=\"text-align:left;\"><p>$1</p></td><td style=\"text-align:left;\"><p>$1</p></td><td style=\"text-align:left;\"><p>$1</p></td><td style=\"text-align:left;\"><p></p></td></tr><tr><td style=\"text-align:left;\"><p>FCFF</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>$8</p></td><td style=\"text-align:left;\"><p>$8</p></td><td style=\"text-align:left;\"><p>$8</p></td><td style=\"text-align:left;\"><p>$8</p></td><td style=\"text-align:left;\"><p>$8</p></td><td style=\"text-align:left;\"><p></p></td></tr><tr><td style=\"text-align:left;\"><p>PV_FCFF</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>$8</p></td><td style=\"text-align:left;\"><p>$7</p></td><td style=\"text-align:left;\"><p>$6</p></td><td style=\"text-align:left;\"><p>$5</p></td><td style=\"text-align:left;\"><p>$5</p></td><td style=\"text-align:left;\"><p>$55</p></td></tr></tbody></table><p></p><table style=\"border-collapse:collapse;\"><colgroup><col/><col/></colgroup><tbody><tr><td style=\"text-align:left;\"><p>PV Total</p></td><td style=\"text-align:left;\"><p>$85</p></td></tr><tr><td style=\"text-align:left;\"><p>- Interest-bearing debt</p></td><td style=\"text-align:left;\"><p>-$31</p></td></tr><tr><td style=\"text-align:left;\"><p>+ Cash and Cash equivalent</p></td><td style=\"text-align:left;\"><p>$79</p></td></tr><tr><td style=\"text-align:left;\"><p>Non-operating asset</p></td><td style=\"text-align:left;\"><p>$44</p></td></tr><tr><td style=\"text-align:left;\"><p>Intrinsic Value</p></td><td style=\"text-align:left;\"><p>$177</p></td></tr><tr><td style=\"text-align:left;\"><p>Value per share</p></td><td style=\"text-align:left;\"><p>$70</p></td></tr></tbody></table><p></p><h2 id=\"id_2994257821\">Alibaba&#39;s Fundamental</h2><h4 id=\"id_2868871945\">Revenue</h4><h4 id=\"id_4273675211\">Taobao and Tmall Group</h4><p>Taobao and Tmall Group are the most prominent pillars supporting BABA. The slowdown in the Chinese economy substantially affected the growth rate of this segment. In addition, the challenge of new competitors such as PDD Holdings and Douyin erodes BABA&#39;s market share. The chart below, which represents the customer management revenue, a proxy for Taobao and Tmall Group&#39;s revenue, demonstrates BABA&#39;s struggles.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ced4baccfe251feb3f3f2a6ec5653d7d\" tg-width=\"640\" tg-height=\"396\"/></p><p>BABA&#39;s filing, the author</p><p>However, BABA still maintains a 50% market share, which is larger than Amazon&#39;s share in the U.S. Since this market leadership creates a strong network effect, I do not think that BABA will lose its competitive edge in the Chinese e-commerce market in the near future.</p><p>Accordingly, my conservative assumption is that the revenue of Taobao and Tmall Group will grow at the rate of Chinese GDP growth, which is around 4%.</p><h4 id=\"id_3320214306\">Alibaba International Digital Commerce Group &amp; Cainiao</h4><p>The biggest concern related to the AIDC, especially Aliexpress, could be the rise of PDD Holdings&#39; Temu. With ultra-low prices and aggressive promotions, Temu was ranked as the most downloaded free app in the U.S. for 2023. In addition, Temu is aggressively expanding its territory to over 40 counties. According to Similarweb, Temu&#39;s monthly global visits in December 2023 almost matched Aliexpress&#39;s visits.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f236bc1fffe1e2873ca6caa12496784c\" tg-width=\"640\" tg-height=\"422\"/></p><p>Similarweb</p><p>Nevertheless, I believe that AIDC will continue to be one of the top competitive players in the cross-border e-commerce industry because Aliexpress also offers competitive prices and faster delivery in some counties by introducing a 5-day delivery service with the synergy with Caioniao. The recent growth rate trend of AIDC supports my belief.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4f4c5a7cd65bf1379c5cc3055a0bd040\" tg-width=\"640\" tg-height=\"396\"/></p><p>BABA&#39;s filing, the author</p><p>Several reports(1,2,3) estimate that the global cross-border e-commerce market will grow around a CAGR of 26%. Considering BABA&#39;s competitive position, my conservative outlook is that AIDC&#39;s revenue will also grow at a similar pace, around 25%.</p><p>Similarly, I conservatively estimate that the revenue of Cainiao will grow in tandem with the growth of AIDC as Cainiao and AIDC expand their business hand in hand.</p><h4 id=\"id_3420311008\">Cloud</h4><p>As BABA&#39;s management mentioned in their remarks regarding the withdrawal of the IPO of the cloud division, the future of BABA&#39;s cloud division remains uncertain. Even if BABA maintains a leading position in the Chinese cloud market, challenges such as sluggish market growth and sanctions on semiconductors, especially AI chips, by the U.S. are damaging BABA&#39;s ambitions in the AI business.</p><p>Nevertheless, even if BABA struggles to expand its cloud business, it is unlikely that BABA will lose its market share because customers have to face switching costs if they want to change to other service providers.</p><p>Therefore, I conservatively project that the revenue of the Cloud division will grow at the rate of Chinese GDP growth, which is around 4%.</p><h4 id=\"id_1072185955\">Consolidation of Revenue Projection</h4><p>Based on the above projections and assuming that other segments will grow at the rate of Chinese GDP, BABA&#39;s revenue will grow at a CAGR of 10% for the next five years. Then, I assume that the growth rate will gradually decrease to the economic growth rate.</p><table style=\"border-collapse:collapse;\"><colgroup><col/><col/><col/><col/><col/><col/><col/><col/></colgroup><tbody><tr><td style=\"text-align:left;\"><p>Division</p></td><td style=\"text-align:left;\"><p>Growth rate</p></td><td style=\"text-align:left;\"><p>Current portion</p></td><td style=\"text-align:left;\"><p>1</p></td><td style=\"text-align:left;\"><p>2</p></td><td style=\"text-align:left;\"><p>3</p></td><td style=\"text-align:left;\"><p>4</p></td><td style=\"text-align:left;\"><p>5</p></td></tr><tr><td style=\"text-align:left;\"><p>Taobao and Tmall</p></td><td style=\"text-align:left;\"><p>4%</p></td><td style=\"text-align:left;\"><p>43.4</p></td><td style=\"text-align:left;\"><p>45.1</p></td><td style=\"text-align:left;\"><p>46.9</p></td><td style=\"text-align:left;\"><p>48.8</p></td><td style=\"text-align:left;\"><p>50.8</p></td><td style=\"text-align:left;\"><p>52.8</p></td></tr><tr><td style=\"text-align:left;\"><p>AIDC</p></td><td style=\"text-align:left;\"><p>25%</p></td><td style=\"text-align:left;\"><p>10.9</p></td><td style=\"text-align:left;\"><p>13.6</p></td><td style=\"text-align:left;\"><p>17.0</p></td><td style=\"text-align:left;\"><p>21.3</p></td><td style=\"text-align:left;\"><p>26.6</p></td><td style=\"text-align:left;\"><p>33.3</p></td></tr><tr><td style=\"text-align:left;\"><p>Cainiao</p></td><td style=\"text-align:left;\"><p>25%</p></td><td style=\"text-align:left;\"><p>10.2</p></td><td style=\"text-align:left;\"><p>12.8</p></td><td style=\"text-align:left;\"><p>15.9</p></td><td style=\"text-align:left;\"><p>19.9</p></td><td style=\"text-align:left;\"><p>24.9</p></td><td style=\"text-align:left;\"><p>31.1</p></td></tr><tr><td style=\"text-align:left;\"><p>Cloud</p></td><td style=\"text-align:left;\"><p>4%</p></td><td style=\"text-align:left;\"><p>12.3</p></td><td style=\"text-align:left;\"><p>12.8</p></td><td style=\"text-align:left;\"><p>13.3</p></td><td style=\"text-align:left;\"><p>13.8</p></td><td style=\"text-align:left;\"><p>14.4</p></td><td style=\"text-align:left;\"><p>15.0</p></td></tr><tr><td style=\"text-align:left;\"><p>Others</p></td><td style=\"text-align:left;\"><p>4%</p></td><td style=\"text-align:left;\"><p>23.2</p></td><td style=\"text-align:left;\"><p>24.1</p></td><td style=\"text-align:left;\"><p>25.1</p></td><td style=\"text-align:left;\"><p>26.1</p></td><td style=\"text-align:left;\"><p>27.1</p></td><td style=\"text-align:left;\"><p>28.2</p></td></tr><tr><td style=\"text-align:left;\"><p>Total</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>100</p></td><td style=\"text-align:left;\"><p>108.4</p></td><td style=\"text-align:left;\"><p>118.3</p></td><td style=\"text-align:left;\"><p>130.0</p></td><td style=\"text-align:left;\"><p>143.8</p></td><td style=\"text-align:left;\"><p>160.4</p></td></tr><tr><td style=\"text-align:left;\"><p>Annual growth</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>8.4%</p></td><td style=\"text-align:left;\"><p>9.1%</p></td><td style=\"text-align:left;\"><p>9.9%</p></td><td style=\"text-align:left;\"><p>10.7%</p></td><td style=\"text-align:left;\"><p>11.5%</p></td></tr><tr><td style=\"text-align:left;\"><p>CAGR</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>10%</p></td></tr></tbody></table><h4 id=\"id_1653381933\">Operating margin</h4><p>BABA&#39;s operating margin shrank during the pandemic due to decelerated revenue growth. However, the recent trend indicates a potential recovery in operating margin. I expect that BABA will be able to achieve a 17% operating margin in 5 years, driven by a gradual revenue increase and the monetization of AIDC.</p><h4 id=\"id_100976822\">Other variables</h4><p>Regarding other variables such as tax rate, reinvestment rate, cost of capital, and ROIC for terminal value, I applied the same assumptions that I used for measuring the temperature in the current stock price.</p><h4 id=\"id_881237663\">Intrinsic Valuation</h4><p>Based on my estimation, the intrinsic value of BABA is $348 billion, equivalent to $137 per share.</p><p>(in millions, except value per share)</p><table style=\"border-collapse:collapse;\"><colgroup><col/><col/><col/><col/><col/><col/><col/><col/><col/><col/><col/><col/><col/></colgroup><tbody><tr><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>TTM</p></td><td style=\"text-align:left;\"><p>1</p></td><td style=\"text-align:left;\"><p>2</p></td><td style=\"text-align:left;\"><p>3</p></td><td style=\"text-align:left;\"><p>4</p></td><td style=\"text-align:left;\"><p>5</p></td><td style=\"text-align:left;\"><p>6</p></td><td style=\"text-align:left;\"><p>7</p></td><td style=\"text-align:left;\"><p>8</p></td><td style=\"text-align:left;\"><p>9</p></td><td style=\"text-align:left;\"><p>10</p></td><td style=\"text-align:left;\"><p>TV</p></td></tr><tr><td style=\"text-align:left;\"><p>Revenue</p></td><td style=\"text-align:left;\"><p>$125</p></td><td style=\"text-align:left;\"><p>$138</p></td><td style=\"text-align:left;\"><p>$152</p></td><td style=\"text-align:left;\"><p>$167</p></td><td style=\"text-align:left;\"><p>$183</p></td><td style=\"text-align:left;\"><p>$202</p></td><td style=\"text-align:left;\"><p>$220</p></td><td style=\"text-align:left;\"><p>$235</p></td><td style=\"text-align:left;\"><p>$248</p></td><td style=\"text-align:left;\"><p>$259</p></td><td style=\"text-align:left;\"><p>$269</p></td><td style=\"text-align:left;\"><p></p></td></tr><tr><td style=\"text-align:left;\"><p>Revenue growth</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>10%</p></td><td style=\"text-align:left;\"><p>10%</p></td><td style=\"text-align:left;\"><p>10%</p></td><td style=\"text-align:left;\"><p>10%</p></td><td style=\"text-align:left;\"><p>10%</p></td><td style=\"text-align:left;\"><p>9%</p></td><td style=\"text-align:left;\"><p>7%</p></td><td style=\"text-align:left;\"><p>6%</p></td><td style=\"text-align:left;\"><p>5%</p></td><td style=\"text-align:left;\"><p>4%</p></td><td style=\"text-align:left;\"><p>4%</p></td></tr><tr><td style=\"text-align:left;\"><p>Operating Income</p></td><td style=\"text-align:left;\"><p>$18</p></td><td style=\"text-align:left;\"><p>$21</p></td><td style=\"text-align:left;\"><p>$24</p></td><td style=\"text-align:left;\"><p>$27</p></td><td style=\"text-align:left;\"><p>$30</p></td><td style=\"text-align:left;\"><p>$34</p></td><td style=\"text-align:left;\"><p>$37</p></td><td style=\"text-align:left;\"><p>$40</p></td><td style=\"text-align:left;\"><p>$42</p></td><td style=\"text-align:left;\"><p>$44</p></td><td style=\"text-align:left;\"><p>$46</p></td><td style=\"text-align:left;\"><p></p></td></tr><tr><td style=\"text-align:left;\"><p>OP margin</p></td><td style=\"text-align:left;\"><p>14.7%</p></td><td style=\"text-align:left;\"><p>15.1%</p></td><td style=\"text-align:left;\"><p>15.6%</p></td><td style=\"text-align:left;\"><p>16.1%</p></td><td style=\"text-align:left;\"><p>16.5%</p></td><td style=\"text-align:left;\"><p>17.0%</p></td><td style=\"text-align:left;\"><p>17.0%</p></td><td style=\"text-align:left;\"><p>17.0%</p></td><td style=\"text-align:left;\"><p>17.0%</p></td><td style=\"text-align:left;\"><p>17.0%</p></td><td style=\"text-align:left;\"><p>17.0%</p></td><td style=\"text-align:left;\"><p></p></td></tr><tr><td style=\"text-align:left;\"><p>After-tax income</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>$16</p></td><td style=\"text-align:left;\"><p>$18</p></td><td style=\"text-align:left;\"><p>$20</p></td><td style=\"text-align:left;\"><p>$23</p></td><td style=\"text-align:left;\"><p>$26</p></td><td style=\"text-align:left;\"><p>$28</p></td><td style=\"text-align:left;\"><p>$30</p></td><td style=\"text-align:left;\"><p>$32</p></td><td style=\"text-align:left;\"><p>$33</p></td><td style=\"text-align:left;\"><p>$34</p></td><td style=\"text-align:left;\"><p>$36</p></td></tr><tr><td style=\"text-align:left;\"><p>Reinvestment</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>$4</p></td><td style=\"text-align:left;\"><p>$5</p></td><td style=\"text-align:left;\"><p>$5</p></td><td style=\"text-align:left;\"><p>$6</p></td><td style=\"text-align:left;\"><p>$6</p></td><td style=\"text-align:left;\"><p>$6</p></td><td style=\"text-align:left;\"><p>$5</p></td><td style=\"text-align:left;\"><p>$4</p></td><td style=\"text-align:left;\"><p>$4</p></td><td style=\"text-align:left;\"><p>$3</p></td><td style=\"text-align:left;\"><p></p></td></tr><tr><td style=\"text-align:left;\"><p>FCFF</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>$11</p></td><td style=\"text-align:left;\"><p>$13</p></td><td style=\"text-align:left;\"><p>$15</p></td><td style=\"text-align:left;\"><p>$17</p></td><td style=\"text-align:left;\"><p>$20</p></td><td style=\"text-align:left;\"><p>$22</p></td><td style=\"text-align:left;\"><p>$25</p></td><td style=\"text-align:left;\"><p>$27</p></td><td style=\"text-align:left;\"><p>$29</p></td><td style=\"text-align:left;\"><p>$31</p></td><td style=\"text-align:left;\"><p></p></td></tr><tr><td style=\"text-align:left;\"><p>PV_FCFF</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>$10</p></td><td style=\"text-align:left;\"><p>$11</p></td><td style=\"text-align:left;\"><p>$11</p></td><td style=\"text-align:left;\"><p>$12</p></td><td style=\"text-align:left;\"><p>$12</p></td><td style=\"text-align:left;\"><p>$12</p></td><td style=\"text-align:left;\"><p>$13</p></td><td style=\"text-align:left;\"><p>$13</p></td><td style=\"text-align:left;\"><p>$12</p></td><td style=\"text-align:left;\"><p>$12</p></td><td style=\"text-align:left;\"><p>$137</p></td></tr></tbody></table><p></p><table style=\"border-collapse:collapse;\"><colgroup><col/><col/></colgroup><tbody><tr><td style=\"text-align:left;\"><p>PV Total</p></td><td style=\"text-align:left;\"><p>$256</p></td></tr><tr><td style=\"text-align:left;\"><p>- Interest-bearing debt</p></td><td style=\"text-align:left;\"><p>-$31</p></td></tr><tr><td style=\"text-align:left;\"><p>+ Cash and Cash equivalent</p></td><td style=\"text-align:left;\"><p>$79</p></td></tr><tr><td style=\"text-align:left;\"><p>Non-operating asset</p></td><td style=\"text-align:left;\"><p>$44</p></td></tr><tr><td style=\"text-align:left;\"><p>Intrinsic Value</p></td><td style=\"text-align:left;\"><p>$348</p></td></tr><tr><td style=\"text-align:left;\"><p>Value per share</p></td><td style=\"text-align:left;\"><p>$137</p></td></tr></tbody></table><h2 id=\"id_3035649089\">Risk</h2><p>Firstly, my projection for the revenue growth of Taobao and Tmall is based on the assumption that the Chinese consumer sentiment will become positive. However, my scenario may not materialize because the decline in the prices of Chinese assets, such as housing and stock, could incur a more severe reverse wealth effect.</p><p>Secondly, BABA may not be agile enough to respond to Temu&#39;s aggressive expansion into international business due to BABA&#39;s relatively larger size. And it may be too bureaucratic to change, as we can discern from Jack Ma&#39;s internal memo. In this case, my projection of AIDC&#39;s growth rate may not be achieved.</p><h2 id=\"id_649745673\">Conclusion</h2><p>It is human nature to extrapolate the future from the recent trends. While the stock price of BABA has been continuously falling, the expectation embedded in the current stock price is too excessive to be justified.</p><p>In my view, BABA is worth around $137 in a conservative scenario. For those who believe that the stock market is a weighing machine in the long run and have the stomach to hold shares of Chinese stock, it could be a wonderful opportunity to seize a bargain.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba: A Wonderful Opportunity For Investors With Risk Tolerance</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: A Wonderful Opportunity For Investors With Risk Tolerance\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-24 19:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4664578-alibaba-wonderful-opportunity-for-investors-with-risk-tolerance><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A reverse DCF analysis indicates that the current stock price reflects revenue growth of -2%, which is overly pessimistic.My calculation of the intrinsic value of BABA is $348 billion, equivalent to $...</p>\n\n<a href=\"https://seekingalpha.com/article/4664578-alibaba-wonderful-opportunity-for-investors-with-risk-tolerance\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://seekingalpha.com/article/4664578-alibaba-wonderful-opportunity-for-investors-with-risk-tolerance","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2405498188","content_text":"A reverse DCF analysis indicates that the current stock price reflects revenue growth of -2%, which is overly pessimistic.My calculation of the intrinsic value of BABA is $348 billion, equivalent to $137 per share.For value investors who are willing to take risks and have a long-term view, the current stock price is a great opportunity.Investment ThesisSince October 2020, Alibaba's (NYSE:BABA) stock has been declining, and it reached its IPO price in 2014. Everyone is fearful and capitulated. However, I believe the current stock price reflects an overly pessimistic expectation that is not justifiable.Overview of AlibabaAs per the latest earning report, BABA's main revenue streams come from Taobao and Tmall Group (43.4%), Alibaba International Digital Commerce Group, AIDC for short (10.9%), and Cloud (12.3%). News surrounding each segment intensifies the fear about the future of BABA.The rise of Temu, a subsidiary of PDD Holdings (PDD), equipped with lower prices and free shipping, evokes fears about AIDC's competitiveness in cross-border e-commerce.The U.S. export restrictions on semiconductors, leading to the cancellation of the spin-off and IPO of BABA's cloud segment, cast doubt over the value of the cloud business in China. Moreover, the leadership change in the cloud segment raises questions about occurrences that investors may not have captured.Measuring temperatureThe trend of BABA's stock seems to be telling that BABA is getting into a death spiral. Before analyzing BABA's fundamentals, let's measure the temperature of the current stock price. To identify the expectation embedded in the current stock price, I conducted a reverse DCF analysis.Among the variables required for DCF analysis, negative news such as China's GDP slowdown and intense competition evokes questions about BABA's revenue growth. Thus, I assigned fixed figures to other variables to estimate the expectation of revenue growth rate in the stock's current price.The past trend indicates that the operating margin is downward, and the TTM operating margin is 14.6%. I assigned 10% for this simulation, which is lower than the historical low.BABA's filing, the AuthorI assigned a 25% tax rate based on the Chinese corporate tax rate, a sales-to-capital ratio of 3, considering the historical reinvestment rate, and a cost of capital of 10% considering the U.S. 10-year treasury bond yield and equity risk premium.For the terminal value variables, I applied a 10% ROIC, equal to the cost of capital, meaning that the growth rate for the terminal value neither creates nor deteriorates the company's value.As per the latest earning report, BABA has $78.7 billion in cash and cash equivalents, $31 billion in interest-bearing debt, and $63 billion in non-operating assets. I applied a 30% discount on the non-operating assets because most of the assets are related to 'Chinese' companies.Given my assumptions above, the reverse DCF analysis indicates that the expected revenue growth rate in the current stock price (around $70) is negative 2%. This expectation is too bad to be true.(in millions, except value per share)TTM12345TVRevenue$125$123$120$118$116$113Revenue growth-2%-2%-2%-2%-2%4%Operating income$18$12$12$12$12$11OP margin10%10%10%10%10%10%After-tax income$9$9$9$9$8$9Reinvestment$1$1$1$1$1FCFF$8$8$8$8$8PV_FCFF$8$7$6$5$5$55PV Total$85- Interest-bearing debt-$31+ Cash and Cash equivalent$79Non-operating asset$44Intrinsic Value$177Value per share$70Alibaba's FundamentalRevenueTaobao and Tmall GroupTaobao and Tmall Group are the most prominent pillars supporting BABA. The slowdown in the Chinese economy substantially affected the growth rate of this segment. In addition, the challenge of new competitors such as PDD Holdings and Douyin erodes BABA's market share. The chart below, which represents the customer management revenue, a proxy for Taobao and Tmall Group's revenue, demonstrates BABA's struggles.BABA's filing, the authorHowever, BABA still maintains a 50% market share, which is larger than Amazon's share in the U.S. Since this market leadership creates a strong network effect, I do not think that BABA will lose its competitive edge in the Chinese e-commerce market in the near future.Accordingly, my conservative assumption is that the revenue of Taobao and Tmall Group will grow at the rate of Chinese GDP growth, which is around 4%.Alibaba International Digital Commerce Group & CainiaoThe biggest concern related to the AIDC, especially Aliexpress, could be the rise of PDD Holdings' Temu. With ultra-low prices and aggressive promotions, Temu was ranked as the most downloaded free app in the U.S. for 2023. In addition, Temu is aggressively expanding its territory to over 40 counties. According to Similarweb, Temu's monthly global visits in December 2023 almost matched Aliexpress's visits.SimilarwebNevertheless, I believe that AIDC will continue to be one of the top competitive players in the cross-border e-commerce industry because Aliexpress also offers competitive prices and faster delivery in some counties by introducing a 5-day delivery service with the synergy with Caioniao. The recent growth rate trend of AIDC supports my belief.BABA's filing, the authorSeveral reports(1,2,3) estimate that the global cross-border e-commerce market will grow around a CAGR of 26%. Considering BABA's competitive position, my conservative outlook is that AIDC's revenue will also grow at a similar pace, around 25%.Similarly, I conservatively estimate that the revenue of Cainiao will grow in tandem with the growth of AIDC as Cainiao and AIDC expand their business hand in hand.CloudAs BABA's management mentioned in their remarks regarding the withdrawal of the IPO of the cloud division, the future of BABA's cloud division remains uncertain. Even if BABA maintains a leading position in the Chinese cloud market, challenges such as sluggish market growth and sanctions on semiconductors, especially AI chips, by the U.S. are damaging BABA's ambitions in the AI business.Nevertheless, even if BABA struggles to expand its cloud business, it is unlikely that BABA will lose its market share because customers have to face switching costs if they want to change to other service providers.Therefore, I conservatively project that the revenue of the Cloud division will grow at the rate of Chinese GDP growth, which is around 4%.Consolidation of Revenue ProjectionBased on the above projections and assuming that other segments will grow at the rate of Chinese GDP, BABA's revenue will grow at a CAGR of 10% for the next five years. Then, I assume that the growth rate will gradually decrease to the economic growth rate.DivisionGrowth rateCurrent portion12345Taobao and Tmall4%43.445.146.948.850.852.8AIDC25%10.913.617.021.326.633.3Cainiao25%10.212.815.919.924.931.1Cloud4%12.312.813.313.814.415.0Others4%23.224.125.126.127.128.2Total100108.4118.3130.0143.8160.4Annual growth8.4%9.1%9.9%10.7%11.5%CAGR10%Operating marginBABA's operating margin shrank during the pandemic due to decelerated revenue growth. However, the recent trend indicates a potential recovery in operating margin. I expect that BABA will be able to achieve a 17% operating margin in 5 years, driven by a gradual revenue increase and the monetization of AIDC.Other variablesRegarding other variables such as tax rate, reinvestment rate, cost of capital, and ROIC for terminal value, I applied the same assumptions that I used for measuring the temperature in the current stock price.Intrinsic ValuationBased on my estimation, the intrinsic value of BABA is $348 billion, equivalent to $137 per share.(in millions, except value per share)TTM12345678910TVRevenue$125$138$152$167$183$202$220$235$248$259$269Revenue growth10%10%10%10%10%9%7%6%5%4%4%Operating Income$18$21$24$27$30$34$37$40$42$44$46OP margin14.7%15.1%15.6%16.1%16.5%17.0%17.0%17.0%17.0%17.0%17.0%After-tax income$16$18$20$23$26$28$30$32$33$34$36Reinvestment$4$5$5$6$6$6$5$4$4$3FCFF$11$13$15$17$20$22$25$27$29$31PV_FCFF$10$11$11$12$12$12$13$13$12$12$137PV Total$256- Interest-bearing debt-$31+ Cash and Cash equivalent$79Non-operating asset$44Intrinsic Value$348Value per share$137RiskFirstly, my projection for the revenue growth of Taobao and Tmall is based on the assumption that the Chinese consumer sentiment will become positive. However, my scenario may not materialize because the decline in the prices of Chinese assets, such as housing and stock, could incur a more severe reverse wealth effect.Secondly, BABA may not be agile enough to respond to Temu's aggressive expansion into international business due to BABA's relatively larger size. And it may be too bureaucratic to change, as we can discern from Jack Ma's internal memo. In this case, my projection of AIDC's growth rate may not be achieved.ConclusionIt is human nature to extrapolate the future from the recent trends. While the stock price of BABA has been continuously falling, the expectation embedded in the current stock price is too excessive to be justified.In my view, BABA is worth around $137 in a conservative scenario. For those who believe that the stock market is a weighing machine in the long run and have the stomach to hold shares of Chinese stock, it could be a wonderful opportunity to seize a bargain.","news_type":1},"isVote":1,"tweetType":1,"viewCount":291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":260569289928872,"gmtCreate":1704626088365,"gmtModify":1704626092474,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"Gghuu hhhji hijhu uugfgh jkljb hjhyhk","listText":"Gghuu hhhji hijhu uugfgh jkljb hjhyhk","text":"Gghuu hhhji hijhu uugfgh jkljb hjhyhk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/260569289928872","isVote":1,"tweetType":1,"viewCount":595,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":260569786499368,"gmtCreate":1704626034962,"gmtModify":1704626039449,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"gggggg bbbhh bbbhhj bbhjk hhhhh jkjbhh jionbyu","listText":"gggggg bbbhh bbbhhj bbhjk hhhhh jkjbhh jionbyu","text":"gggggg bbbhh bbbhhj bbhjk hhhhh jkjbhh jionbyu","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/260569786499368","repostId":"248312805347464","repostType":1,"repost":{"id":248312805347464,"gmtCreate":1701660745864,"gmtModify":1703059991513,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667667103859","authorIdStr":"3527667667103859"},"themes":[],"title":"🐅🌟 TIGER TYCOON CHALLENGE IS ON! 🌟🐅","htmlText":"Hey Tycoons! 🎩💼 Ready to embark on the adventure of a lifetime? Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈🎯 Objective: Build your empire, score big points, and unlock fabulous rewards!💰 Gold Rush: Grab those shiny gold coins every time you pass by it! Cha-ching! 💰💵🏠 Construct &amp; Conquer: Step on an empty tile to construct a building to gain points! 🏰🏆 Prizes Galore: Hit the prize tile to claim your treasure – it could be anything! 🎁✨🔄 Lucky Draw: Land on the draw tile and brace yourself! You might move forward, backward, or even unlock a secret power! 🔄🔮🚀 Airdrop Alert: Keep your eyes on the sky! Periodically, the Tiger Tycoon map will rain down special rewards like stocks, vouchers, and more. Fastest finge","listText":"Hey Tycoons! 🎩💼 Ready to embark on the adventure of a lifetime? Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈🎯 Objective: Build your empire, score big points, and unlock fabulous rewards!💰 Gold Rush: Grab those shiny gold coins every time you pass by it! Cha-ching! 💰💵🏠 Construct &amp; Conquer: Step on an empty tile to construct a building to gain points! 🏰🏆 Prizes Galore: Hit the prize tile to claim your treasure – it could be anything! 🎁✨🔄 Lucky Draw: Land on the draw tile and brace yourself! You might move forward, backward, or even unlock a secret power! 🔄🔮🚀 Airdrop Alert: Keep your eyes on the sky! Periodically, the Tiger Tycoon map will rain down special rewards like stocks, vouchers, and more. Fastest finge","text":"Hey Tycoons! 🎩💼 Ready to embark on the adventure of a lifetime? Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈🎯 Objective: Build your empire, score big points, and unlock fabulous rewards!💰 Gold Rush: Grab those shiny gold coins every time you pass by it! Cha-ching! 💰💵🏠 Construct & Conquer: Step on an empty tile to construct a building to gain points! 🏰🏆 Prizes Galore: Hit the prize tile to claim your treasure – it could be anything! 🎁✨🔄 Lucky Draw: Land on the draw tile and brace yourself! You might move forward, backward, or even unlock a secret power! 🔄🔮🚀 Airdrop Alert: Keep your eyes on the sky! Periodically, the Tiger Tycoon map will rain down special rewards like stocks, vouchers, and more. 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Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈🎯 Objective: Build your empire, score big points, and unlock fabulous rewards!💰 Gold Rush: Grab those shiny gold coins every time you pass by it! Cha-ching! 💰💵🏠 Construct &amp; Conquer: Step on an empty tile to construct a building to gain points! 🏰🏆 Prizes Galore: Hit the prize tile to claim your treasure – it could be anything! 🎁✨🔄 Lucky Draw: Land on the draw tile and brace yourself! You might move forward, backward, or even unlock a secret power! 🔄🔮🚀 Airdrop Alert: Keep your eyes on the sky! Periodically, the Tiger Tycoon map will rain down special rewards like stocks, vouchers, and more. Fastest finge","listText":"Hey Tycoons! 🎩💼 Ready to embark on the adventure of a lifetime? Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈🎯 Objective: Build your empire, score big points, and unlock fabulous rewards!💰 Gold Rush: Grab those shiny gold coins every time you pass by it! Cha-ching! 💰💵🏠 Construct &amp; Conquer: Step on an empty tile to construct a building to gain points! 🏰🏆 Prizes Galore: Hit the prize tile to claim your treasure – it could be anything! 🎁✨🔄 Lucky Draw: Land on the draw tile and brace yourself! You might move forward, backward, or even unlock a secret power! 🔄🔮🚀 Airdrop Alert: Keep your eyes on the sky! Periodically, the Tiger Tycoon map will rain down special rewards like stocks, vouchers, and more. Fastest finge","text":"Hey Tycoons! 🎩💼 Ready to embark on the adventure of a lifetime? Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈🎯 Objective: Build your empire, score big points, and unlock fabulous rewards!💰 Gold Rush: Grab those shiny gold coins every time you pass by it! Cha-ching! 💰💵🏠 Construct & Conquer: Step on an empty tile to construct a building to gain points! 🏰🏆 Prizes Galore: Hit the prize tile to claim your treasure – it could be anything! 🎁✨🔄 Lucky Draw: Land on the draw tile and brace yourself! You might move forward, backward, or even unlock a secret power! 🔄🔮🚀 Airdrop Alert: Keep your eyes on the sky! Periodically, the Tiger Tycoon map will rain down special rewards like stocks, vouchers, and more. 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Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈🎯 Objective: Build your empire, score big points, and unlock fabulous rewards!💰 Gold Rush: Grab those shiny gold coins every time you pass by it! Cha-ching! 💰💵🏠 Construct &amp; Conquer: Step on an empty tile to construct a building to gain points! 🏰🏆 Prizes Galore: Hit the prize tile to claim your treasure – it could be anything! 🎁✨🔄 Lucky Draw: Land on the draw tile and brace yourself! You might move forward, backward, or even unlock a secret power! 🔄🔮🚀 Airdrop Alert: Keep your eyes on the sky! Periodically, the Tiger Tycoon map will rain down special rewards like stocks, vouchers, and more. Fastest finge","listText":"Hey Tycoons! 🎩💼 Ready to embark on the adventure of a lifetime? Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈🎯 Objective: Build your empire, score big points, and unlock fabulous rewards!💰 Gold Rush: Grab those shiny gold coins every time you pass by it! Cha-ching! 💰💵🏠 Construct &amp; Conquer: Step on an empty tile to construct a building to gain points! 🏰🏆 Prizes Galore: Hit the prize tile to claim your treasure – it could be anything! 🎁✨🔄 Lucky Draw: Land on the draw tile and brace yourself! You might move forward, backward, or even unlock a secret power! 🔄🔮🚀 Airdrop Alert: Keep your eyes on the sky! Periodically, the Tiger Tycoon map will rain down special rewards like stocks, vouchers, and more. Fastest finge","text":"Hey Tycoons! 🎩💼 Ready to embark on the adventure of a lifetime? Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈🎯 Objective: Build your empire, score big points, and unlock fabulous rewards!💰 Gold Rush: Grab those shiny gold coins every time you pass by it! Cha-ching! 💰💵🏠 Construct & Conquer: Step on an empty tile to construct a building to gain points! 🏰🏆 Prizes Galore: Hit the prize tile to claim your treasure – it could be anything! 🎁✨🔄 Lucky Draw: Land on the draw tile and brace yourself! You might move forward, backward, or even unlock a secret power! 🔄🔮🚀 Airdrop Alert: Keep your eyes on the sky! Periodically, the Tiger Tycoon map will rain down special rewards like stocks, vouchers, and more. Fastest finge","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/248312805347464","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":361,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":258675821555784,"gmtCreate":1704187172150,"gmtModify":1704187176126,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"dhhdjdjdjd djjdidd","listText":"dhhdjdjdjd djjdidd","text":"dhhdjdjdjd djjdidd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/258675821555784","repostId":"248312805347464","repostType":1,"repost":{"id":248312805347464,"gmtCreate":1701660745864,"gmtModify":1703059991513,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667667103859","authorIdStr":"3527667667103859"},"themes":[],"title":"🐅🌟 TIGER TYCOON CHALLENGE IS ON! 🌟🐅","htmlText":"Hey Tycoons! 🎩💼 Ready to embark on the adventure of a lifetime? Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈🎯 Objective: Build your empire, score big points, and unlock fabulous rewards!💰 Gold Rush: Grab those shiny gold coins every time you pass by it! Cha-ching! 💰💵🏠 Construct &amp; Conquer: Step on an empty tile to construct a building to gain points! 🏰🏆 Prizes Galore: Hit the prize tile to claim your treasure – it could be anything! 🎁✨🔄 Lucky Draw: Land on the draw tile and brace yourself! You might move forward, backward, or even unlock a secret power! 🔄🔮🚀 Airdrop Alert: Keep your eyes on the sky! Periodically, the Tiger Tycoon map will rain down special rewards like stocks, vouchers, and more. Fastest finge","listText":"Hey Tycoons! 🎩💼 Ready to embark on the adventure of a lifetime? Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈🎯 Objective: Build your empire, score big points, and unlock fabulous rewards!💰 Gold Rush: Grab those shiny gold coins every time you pass by it! Cha-ching! 💰💵🏠 Construct &amp; Conquer: Step on an empty tile to construct a building to gain points! 🏰🏆 Prizes Galore: Hit the prize tile to claim your treasure – it could be anything! 🎁✨🔄 Lucky Draw: Land on the draw tile and brace yourself! You might move forward, backward, or even unlock a secret power! 🔄🔮🚀 Airdrop Alert: Keep your eyes on the sky! Periodically, the Tiger Tycoon map will rain down special rewards like stocks, vouchers, and more. Fastest finge","text":"Hey Tycoons! 🎩💼 Ready to embark on the adventure of a lifetime? Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈🎯 Objective: Build your empire, score big points, and unlock fabulous rewards!💰 Gold Rush: Grab those shiny gold coins every time you pass by it! Cha-ching! 💰💵🏠 Construct & Conquer: Step on an empty tile to construct a building to gain points! 🏰🏆 Prizes Galore: Hit the prize tile to claim your treasure – it could be anything! 🎁✨🔄 Lucky Draw: Land on the draw tile and brace yourself! You might move forward, backward, or even unlock a secret power! 🔄🔮🚀 Airdrop Alert: Keep your eyes on the sky! Periodically, the Tiger Tycoon map will rain down special rewards like stocks, vouchers, and more. Fastest finge","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/248312805347464","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":258674865840424,"gmtCreate":1704187120276,"gmtModify":1704187124209,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"Hdjdjd jdjjdjd hdjdhhd","listText":"Hdjdjd jdjjdjd hdjdhhd","text":"Hdjdjd jdjjdjd hdjdhhd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/258674865840424","isVote":1,"tweetType":1,"viewCount":297,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":257624571252832,"gmtCreate":1703930519695,"gmtModify":1703930523954,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"Oekekekj jejjens jdjsje","listText":"Oekekekj jejjens jdjsje","text":"Oekekekj jejjens jdjsje","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/257624571252832","isVote":1,"tweetType":1,"viewCount":121,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":257159820247088,"gmtCreate":1703817150209,"gmtModify":1703817154296,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"Yessssss fffffvgb ggggg","listText":"Yessssss fffffvgb ggggg","text":"Yessssss fffffvgb ggggg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/257159820247088","isVote":1,"tweetType":1,"viewCount":140,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":257159135969576,"gmtCreate":1703817069038,"gmtModify":1703817073936,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"Yesssss","listText":"Yesssss","text":"Yesssss","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/257159135969576","repostId":"248312805347464","repostType":1,"repost":{"id":248312805347464,"gmtCreate":1701660745864,"gmtModify":1703059991513,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667667103859","authorIdStr":"3527667667103859"},"themes":[],"title":"🐅🌟 TIGER TYCOON CHALLENGE IS ON! 🌟🐅","htmlText":"Hey Tycoons! 🎩💼 Ready to embark on the adventure of a lifetime? Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈🎯 Objective: Build your empire, score big points, and unlock fabulous rewards!💰 Gold Rush: Grab those shiny gold coins every time you pass by it! Cha-ching! 💰💵🏠 Construct &amp; Conquer: Step on an empty tile to construct a building to gain points! 🏰🏆 Prizes Galore: Hit the prize tile to claim your treasure – it could be anything! 🎁✨🔄 Lucky Draw: Land on the draw tile and brace yourself! You might move forward, backward, or even unlock a secret power! 🔄🔮🚀 Airdrop Alert: Keep your eyes on the sky! Periodically, the Tiger Tycoon map will rain down special rewards like stocks, vouchers, and more. Fastest finge","listText":"Hey Tycoons! 🎩💼 Ready to embark on the adventure of a lifetime? Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈🎯 Objective: Build your empire, score big points, and unlock fabulous rewards!💰 Gold Rush: Grab those shiny gold coins every time you pass by it! Cha-ching! 💰💵🏠 Construct &amp; Conquer: Step on an empty tile to construct a building to gain points! 🏰🏆 Prizes Galore: Hit the prize tile to claim your treasure – it could be anything! 🎁✨🔄 Lucky Draw: Land on the draw tile and brace yourself! You might move forward, backward, or even unlock a secret power! 🔄🔮🚀 Airdrop Alert: Keep your eyes on the sky! Periodically, the Tiger Tycoon map will rain down special rewards like stocks, vouchers, and more. Fastest finge","text":"Hey Tycoons! 🎩💼 Ready to embark on the adventure of a lifetime? Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈🎯 Objective: Build your empire, score big points, and unlock fabulous rewards!💰 Gold Rush: Grab those shiny gold coins every time you pass by it! Cha-ching! 💰💵🏠 Construct & Conquer: Step on an empty tile to construct a building to gain points! 🏰🏆 Prizes Galore: Hit the prize tile to claim your treasure – it could be anything! 🎁✨🔄 Lucky Draw: Land on the draw tile and brace yourself! You might move forward, backward, or even unlock a secret power! 🔄🔮🚀 Airdrop Alert: Keep your eyes on the sky! Periodically, the Tiger Tycoon map will rain down special rewards like stocks, vouchers, and more. Fastest finge","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/248312805347464","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":199625253732480,"gmtCreate":1689767420543,"gmtModify":1689767424081,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"Yessss it will be super bullish&nbsp;","listText":"Yessss it will be super bullish&nbsp;","text":"Yessss it will be super bullish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/199625253732480","isVote":1,"tweetType":1,"viewCount":202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195270494507120,"gmtCreate":1688699238148,"gmtModify":1688699240975,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/HSI\">$HSI(HSI)$&nbsp;</a><v-v data-views=\"0\"></v-v>lolololol","listText":"<a href=\"https://ttm.financial/S/HSI\">$HSI(HSI)$&nbsp;</a><v-v data-views=\"0\"></v-v>lolololol","text":"$HSI(HSI)$ lolololol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195270494507120","isVote":1,"tweetType":1,"viewCount":358,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947635396,"gmtCreate":1683039133416,"gmtModify":1683039137043,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"z","listText":"z","text":"z","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947635396","repostId":"9947884997","repostType":1,"repost":{"id":9947884997,"gmtCreate":1682922581919,"gmtModify":1682923112776,"author":{"id":"9000000000000439","authorId":"9000000000000439","name":"TigerObserver","avatar":"https://static.tigerbbs.com/2f3a05d038882153678ee817929431fc","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"9000000000000439","authorIdStr":"9000000000000439"},"themes":[],"title":"Weekly: Fed Decisions; Apple Earnings; FRC to highlight the Week","htmlText":"US MARKET RECAPLast week, all the major index close in green with a deep V-shaped pattern. The blue-chip index, Dow added 0.86%, while the S&amp;P 500 rose 0.87%. The Nasdaq advanced 1.28% as Big Tech earnings took center stage.For April, the Dow gained 2.48% to notch its best monthly stretch since January, while the benchmark index gained 1.46%. The tech-heavy index posted marginal gains.Earnings reports from major tech companies dominated much of last week’s market debate, fueling the narrative that earnings are faring better-than-feared, despite many widespread macroeconomic concerns.So far, a little over half of S&amp;P 500 companies have reported earnings, with more than 79% and about 72% surpassing earnings and sales expectations, respectively. First-quarter earnings are currently on","listText":"US MARKET RECAPLast week, all the major index close in green with a deep V-shaped pattern. The blue-chip index, Dow added 0.86%, while the S&amp;P 500 rose 0.87%. The Nasdaq advanced 1.28% as Big Tech earnings took center stage.For April, the Dow gained 2.48% to notch its best monthly stretch since January, while the benchmark index gained 1.46%. The tech-heavy index posted marginal gains.Earnings reports from major tech companies dominated much of last week’s market debate, fueling the narrative that earnings are faring better-than-feared, despite many widespread macroeconomic concerns.So far, a little over half of S&amp;P 500 companies have reported earnings, with more than 79% and about 72% surpassing earnings and sales expectations, respectively. First-quarter earnings are currently on","text":"US MARKET RECAPLast week, all the major index close in green with a deep V-shaped pattern. The blue-chip index, Dow added 0.86%, while the S&P 500 rose 0.87%. The Nasdaq advanced 1.28% as Big Tech earnings took center stage.For April, the Dow gained 2.48% to notch its best monthly stretch since January, while the benchmark index gained 1.46%. The tech-heavy index posted marginal gains.Earnings reports from major tech companies dominated much of last week’s market debate, fueling the narrative that earnings are faring better-than-feared, despite many widespread macroeconomic concerns.So far, a little over half of S&P 500 companies have reported earnings, with more than 79% and about 72% surpassing earnings and sales expectations, respectively. First-quarter earnings are currently on","images":[{"img":"https://community-static.tradeup.com/news/bf50b77b83d4fe0ebd4152acd2c424e5","width":"974","height":"1110"},{"img":"https://community-static.tradeup.com/news/d6a9ce360893b3b14136d9dc3804bf07","width":"1290","height":"498"},{"img":"https://community-static.tradeup.com/news/334f7f736dd80a6544ee9931d422b2ff","width":"1080","height":"1920"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947884997","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":4,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":332,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947863748,"gmtCreate":1682930250984,"gmtModify":1682930254830,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"c","listText":"c","text":"c","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947863748","repostId":"9947813329","repostType":1,"repost":{"id":9947813329,"gmtCreate":1682870524062,"gmtModify":1682901733820,"author":{"id":"4113904591642392","authorId":"4113904591642392","name":"LMSunshine","avatar":"https://community-static.tradeup.com/news/0ad636f2490d8428fcee9da6d669e46c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4113904591642392","authorIdStr":"4113904591642392"},"themes":[],"title":"🐂🐂🐂 About Apple🍎 Earnings & Share Price🥳","htmlText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;ended at an 8-month peak of $169.68 on 28/4 (Fri), the highest level since 26/8/22🐂🐂🐂 At its current valuation, 🍎 has a market cap of $2.68 trillion, making it the most valuable company trading on the 🇺🇸 stock exchange. Shares are up 30.6% so far in 2023, almost quadrupling the 7.7% rise in the S&amp;P 500 index, was&nbsp;outperforming the broader market by a wide margin over the same timeframe🥳🥳🥳 ⭐️&nbsp;I expect 🍎 to follow 🐂-ish earnings reports MSFT, GOOGL, META,&nbsp;&amp; AMZN last week&nbsp;<a href=\"https://ttm.financial/S/GOOGL\">$Alphabet(GOOGL)$&nbsp;</a>Bullish<a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$&nbsp;</a>Bullish<a href=\"https://ttm.financial/S/META\">$Meta Platforms</a>","listText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;ended at an 8-month peak of $169.68 on 28/4 (Fri), the highest level since 26/8/22🐂🐂🐂 At its current valuation, 🍎 has a market cap of $2.68 trillion, making it the most valuable company trading on the 🇺🇸 stock exchange. Shares are up 30.6% so far in 2023, almost quadrupling the 7.7% rise in the S&amp;P 500 index, was&nbsp;outperforming the broader market by a wide margin over the same timeframe🥳🥳🥳 ⭐️&nbsp;I expect 🍎 to follow 🐂-ish earnings reports MSFT, GOOGL, META,&nbsp;&amp; AMZN last week&nbsp;<a href=\"https://ttm.financial/S/GOOGL\">$Alphabet(GOOGL)$&nbsp;</a>Bullish<a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$&nbsp;</a>Bullish<a href=\"https://ttm.financial/S/META\">$Meta Platforms</a>","text":"$Apple(AAPL)$ ended at an 8-month peak of $169.68 on 28/4 (Fri), the highest level since 26/8/22🐂🐂🐂 At its current valuation, 🍎 has a market cap of $2.68 trillion, making it the most valuable company trading on the 🇺🇸 stock exchange. Shares are up 30.6% so far in 2023, almost quadrupling the 7.7% rise in the S&P 500 index, was outperforming the broader market by a wide margin over the same timeframe🥳🥳🥳 ⭐️ I expect 🍎 to follow 🐂-ish earnings reports MSFT, GOOGL, META, & AMZN last week $Alphabet(GOOGL)$ Bullish$Amazon.com(AMZN)$ Bullish$Meta Platforms","images":[{"img":"https://community-static.tradeup.com/news/780d5c3ae21556b4cda00fddb1bb9b1c","width":"873","height":"808"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947813329","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":405,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":338730893389904,"gmtCreate":1723702191404,"gmtModify":1723702197222,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$&nbsp;</a> earnings out!! Profit dropped 90%!!! Quickly sell and run the fk out!!!","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$&nbsp;</a> earnings out!! Profit dropped 90%!!! Quickly sell and run the fk out!!!","text":"$Alibaba(BABA)$ earnings out!! Profit dropped 90%!!! Quickly sell and run the fk out!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":1,"repostSize":58,"link":"https://ttm.financial/post/338730893389904","isVote":1,"tweetType":1,"viewCount":1743,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":293813307810040,"gmtCreate":1712738568087,"gmtModify":1712738572394,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/FXI\">$iShares China Large-Cap ETF(FXI)$ </a> lol","listText":"<a href=\"https://ttm.financial/S/FXI\">$iShares China Large-Cap ETF(FXI)$ </a> lol","text":"$iShares China Large-Cap ETF(FXI)$ lol","images":[{"img":"https://community-static.tradeup.com/news/55400b68ba685da0be8086198bc06b26","width":"882","height":"1608"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/293813307810040","isVote":1,"tweetType":1,"viewCount":402,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9958523648,"gmtCreate":1673781636884,"gmtModify":1676538884749,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9958523648","isVote":1,"tweetType":1,"viewCount":56,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9958902727,"gmtCreate":1673602366970,"gmtModify":1676538862964,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9958902727","repostId":"2303100598","repostType":4,"repost":{"id":"2303100598","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1673599893,"share":"https://ttm.financial/m/news/2303100598?lang=&edition=fundamental","pubTime":"2023-01-13 16:51","market":"us","language":"en","title":"The Markets Are Locked in a Game of Chicken With the Fed","url":"https://stock-news.laohu8.com/highlight/detail?id=2303100598","media":"Dow Jones","summary":"The Federal Reserve says it is too early to think about cutting interest rates this year. Investors ","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/01c25a609ea92ffcbc2becee095cf4cc\" tg-width=\"860\" tg-height=\"573\" width=\"100%\" height=\"auto\"/></p><p>The Federal Reserve says it is too early to think about cutting interest rates this year. Investors are growing more convinced that is exactly what the central bank is going to do.</p><p>The clash between investors&#39; hopes and Fed policy, and how it ultimately resolves, is shaping up to be one of the biggest question marks for financial markets in 2023.</p><p>Many money managers predict inflation has peaked, and that price pressures will fall so fast that the Fed takes back some of its interest-rate increases by the end of the year, as it did in 2019 just seven months after its last hike.</p><p>Fed officials have been hammering a different message: This time will be different because inflation is much higher.</p><p>The Labor Department said Thursday that its consumer-price index, which measures what consumers pay for goods and services, rose 6.5% in December from a year earlier. That marked its slowest pace since October 2021, and its sixth consecutive monthly decline. Last week&#39;s jobs report also showed wage growth cooled, with average hourly earnings rising at the slowest pace since mid-2021.</p><p>Evidence that inflation is pulling back has fueled bets that the Fed will cut rates as early as the second half of the year. Traders in interest-rate derivatives markets see a 90% chance that the Fed lifts rates two more times this year, to around 4.9% by March, according to CME Group. They see a 60% chance that the Fed then cuts rates at least once by December.</p><p>At their meeting last month, Fed officials projected interest rates will continue rising through the spring, to around 5.1%. None of them penciled in cuts this year. They have generally signaled a somewhat more aggressive path for interest rates either because they are less optimistic than investors, who see a speedier slowdown in inflation this year, or because they are less pessimistic about the probability of a serious recession.</p><p>&#34;To be honest with you, I don&#39;t quite know why markets are so optimistic about inflation,&#34; said San Francisco Fed President Mary Daly after the Fed&#39;s meeting last month. &#34;I think of them as priced for perfection,&#34; she said.</p><p>The Fed and many investors agree that inflation will keep declining this year as supply-chain bottlenecks abate and as housing costs slow down after soaring over the past two years. But Fed officials are nervous that the labor market&#39;s strength could sustain wage growth that keeps inflation, as measured by a separate gauge, above their 2% target.</p><p>Fed officials, Ms. Daly said, &#34;don&#39;t have the luxury of pricing for perfection.... We have to imagine what the risks to inflation are.&#34;</p><p>One of her colleagues, St. Louis Fed President James Bullard, echoed that point after Thursday&#39;s report was released. &#34;It could be that inflation starts to go in the other direction again, and then the Fed would have to react to that,&#34; he said during a webinar. &#34;I don&#39;t think there&#39;s enough pricing being put on that possibility.&#34;</p><p>Investors who are counting on interest rates falling are at risk of being burned if they wind up being wrong.</p><p>The S&amp;P 500 has risen 11% from its October low, with much of the gains being attributed to bets that the Fed will pivot from raising rates to cutting them some time this year. Government bonds have also retraced some losses after a brutal 2022. The yield on the 10-year U.S. Treasury note was at 3.446% Thursday, compared with its October peak of 4.231%. Yields fall as bond prices rise.</p><p>Several banks, including JPMorgan Chase &amp; Co., UBS Group AG, and Deutsche Bank AG, are expecting U.S. stocks to post gains this year. But others are cautioning the market could suffer double-digit percentage declines yet again, especially if Fed policy winds up being tougher than investors anticipate, which in turn could cause the economy to slow down more than investors expect.</p><p>What explains the disconnect between the Fed and much of Wall Street?</p><p>&#34;It is very simple: The market has a very different view on inflation. It thinks inflation is going to fall much faster than the Fed does,&#34; said Mark Cabana, the head of U.S. interest-rate strategy at Bank of America Corp.</p><p>In addition, there are important technical differences in what the Fed&#39;s quarterly economic and interest-rate projections show relative to what investors anticipate based on readings of interest-rate futures markets.</p><p>The Fed&#39;s projections represent what every individual Fed official thinks should happen to interest rates under their modal, or most likely, expectation for the economy. But those projections only reveal how the Fed is likely to respond under one general set of circumstances. Market participants, on the other hand, can make probability-weighted bets in interest-rate futures markets that better take into account different economic scenarios.</p><p>Fed Chair Jerome Powell has at times emphasized the limitations of the Fed&#39;s projections.</p><p>&#34;When uncertainty around the outlook is unusually high, I dutifully write down what I see as the appropriate funds rate path in the most likely scenario, but I do so aware that this projection may be easily misinterpreted, for what is &#39;most likely&#39; may not be particularly likely, &#34; he said in 2019.</p><p>The past year served as a cautionary tale for many investors, with inflation and interest rates racing far higher than most foresaw. &#34;Think about what the Fed and the market was projecting a year ago,&#34; said Joe Amato, president of Neuberger Berman Group.</p><p>The way stocks have bounced back the past few months suggests &#34;there&#39;s a false sense of precision from the equity markets&#34; on where rates are headed, he said.</p><p>Many investors also appear to be reluctant to take the Fed at its word, said Sam Lynton-Brown, head of global macro strategy at BNP Paribas SA.</p><p>&#34;The market has learned that forward guidance for central banks, at a point when they&#39;re data-dependent and the data are volatile, doesn&#39;t hold much credibility,&#34; said Mr. Lynton-Brown. &#34;It&#39;s all about what the data shows,&#34; and specifically, about whether or not the data suggest inflation will be able to quickly fall to the Fed&#39;s 2% target, he said. (Mr. Lynton-Brown doesn&#39;t believe that will be the case.)</p><p>The gap between Wall Street&#39;s expectations and Fed talk may also stem in part from central bankers&#39; reluctance to come across as too optimistic in public.</p><p>The Fed believes its policies to slow demand and combat inflation work by tightening financial conditions, such as by raising borrowing costs or lowering stock prices and other asset values. Any market rallies that ease financial conditions could potentially hinder officials&#39; effort to restrain hiring or wage growth.</p><p>&#34;The minute the Fed acknowledges inflation isn&#39;t a problem anymore, markets will just speed higher,&#34; which would prolong the Fed&#39;s job, said Jack McIntyre, portfolio manager at Brandywine Global.</p><p>At the end of the day, what may matter most for markets isn&#39;t how high the Fed raises rates, but how well the economy is able to hold up over the coming year.</p><p>For instance, Goldman Sachs Group Inc. says if the U.S. narrowly avoids recession, as it expects it will, it sees stocks ending the year just a touch higher. If the economy were to go into recession, Goldman sees earnings growth sliding -- in which case, the S&amp;P 500 could fall about 20%, a far different outcome.</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>The Markets Are Locked in a Game of Chicken With the Fed</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\">\nThe Markets Are Locked in a Game of Chicken With the Fed\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-01-13 16:51</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><img src=\"https://static.tigerbbs.com/01c25a609ea92ffcbc2becee095cf4cc\" tg-width=\"860\" tg-height=\"573\" width=\"100%\" height=\"auto\"/></p><p>The Federal Reserve says it is too early to think about cutting interest rates this year. Investors are growing more convinced that is exactly what the central bank is going to do.</p><p>The clash between investors&#39; hopes and Fed policy, and how it ultimately resolves, is shaping up to be one of the biggest question marks for financial markets in 2023.</p><p>Many money managers predict inflation has peaked, and that price pressures will fall so fast that the Fed takes back some of its interest-rate increases by the end of the year, as it did in 2019 just seven months after its last hike.</p><p>Fed officials have been hammering a different message: This time will be different because inflation is much higher.</p><p>The Labor Department said Thursday that its consumer-price index, which measures what consumers pay for goods and services, rose 6.5% in December from a year earlier. That marked its slowest pace since October 2021, and its sixth consecutive monthly decline. Last week&#39;s jobs report also showed wage growth cooled, with average hourly earnings rising at the slowest pace since mid-2021.</p><p>Evidence that inflation is pulling back has fueled bets that the Fed will cut rates as early as the second half of the year. Traders in interest-rate derivatives markets see a 90% chance that the Fed lifts rates two more times this year, to around 4.9% by March, according to CME Group. They see a 60% chance that the Fed then cuts rates at least once by December.</p><p>At their meeting last month, Fed officials projected interest rates will continue rising through the spring, to around 5.1%. None of them penciled in cuts this year. They have generally signaled a somewhat more aggressive path for interest rates either because they are less optimistic than investors, who see a speedier slowdown in inflation this year, or because they are less pessimistic about the probability of a serious recession.</p><p>&#34;To be honest with you, I don&#39;t quite know why markets are so optimistic about inflation,&#34; said San Francisco Fed President Mary Daly after the Fed&#39;s meeting last month. &#34;I think of them as priced for perfection,&#34; she said.</p><p>The Fed and many investors agree that inflation will keep declining this year as supply-chain bottlenecks abate and as housing costs slow down after soaring over the past two years. But Fed officials are nervous that the labor market&#39;s strength could sustain wage growth that keeps inflation, as measured by a separate gauge, above their 2% target.</p><p>Fed officials, Ms. Daly said, &#34;don&#39;t have the luxury of pricing for perfection.... We have to imagine what the risks to inflation are.&#34;</p><p>One of her colleagues, St. Louis Fed President James Bullard, echoed that point after Thursday&#39;s report was released. &#34;It could be that inflation starts to go in the other direction again, and then the Fed would have to react to that,&#34; he said during a webinar. &#34;I don&#39;t think there&#39;s enough pricing being put on that possibility.&#34;</p><p>Investors who are counting on interest rates falling are at risk of being burned if they wind up being wrong.</p><p>The S&amp;P 500 has risen 11% from its October low, with much of the gains being attributed to bets that the Fed will pivot from raising rates to cutting them some time this year. Government bonds have also retraced some losses after a brutal 2022. The yield on the 10-year U.S. Treasury note was at 3.446% Thursday, compared with its October peak of 4.231%. Yields fall as bond prices rise.</p><p>Several banks, including JPMorgan Chase &amp; Co., UBS Group AG, and Deutsche Bank AG, are expecting U.S. stocks to post gains this year. But others are cautioning the market could suffer double-digit percentage declines yet again, especially if Fed policy winds up being tougher than investors anticipate, which in turn could cause the economy to slow down more than investors expect.</p><p>What explains the disconnect between the Fed and much of Wall Street?</p><p>&#34;It is very simple: The market has a very different view on inflation. It thinks inflation is going to fall much faster than the Fed does,&#34; said Mark Cabana, the head of U.S. interest-rate strategy at Bank of America Corp.</p><p>In addition, there are important technical differences in what the Fed&#39;s quarterly economic and interest-rate projections show relative to what investors anticipate based on readings of interest-rate futures markets.</p><p>The Fed&#39;s projections represent what every individual Fed official thinks should happen to interest rates under their modal, or most likely, expectation for the economy. But those projections only reveal how the Fed is likely to respond under one general set of circumstances. Market participants, on the other hand, can make probability-weighted bets in interest-rate futures markets that better take into account different economic scenarios.</p><p>Fed Chair Jerome Powell has at times emphasized the limitations of the Fed&#39;s projections.</p><p>&#34;When uncertainty around the outlook is unusually high, I dutifully write down what I see as the appropriate funds rate path in the most likely scenario, but I do so aware that this projection may be easily misinterpreted, for what is &#39;most likely&#39; may not be particularly likely, &#34; he said in 2019.</p><p>The past year served as a cautionary tale for many investors, with inflation and interest rates racing far higher than most foresaw. &#34;Think about what the Fed and the market was projecting a year ago,&#34; said Joe Amato, president of Neuberger Berman Group.</p><p>The way stocks have bounced back the past few months suggests &#34;there&#39;s a false sense of precision from the equity markets&#34; on where rates are headed, he said.</p><p>Many investors also appear to be reluctant to take the Fed at its word, said Sam Lynton-Brown, head of global macro strategy at BNP Paribas SA.</p><p>&#34;The market has learned that forward guidance for central banks, at a point when they&#39;re data-dependent and the data are volatile, doesn&#39;t hold much credibility,&#34; said Mr. Lynton-Brown. &#34;It&#39;s all about what the data shows,&#34; and specifically, about whether or not the data suggest inflation will be able to quickly fall to the Fed&#39;s 2% target, he said. (Mr. Lynton-Brown doesn&#39;t believe that will be the case.)</p><p>The gap between Wall Street&#39;s expectations and Fed talk may also stem in part from central bankers&#39; reluctance to come across as too optimistic in public.</p><p>The Fed believes its policies to slow demand and combat inflation work by tightening financial conditions, such as by raising borrowing costs or lowering stock prices and other asset values. Any market rallies that ease financial conditions could potentially hinder officials&#39; effort to restrain hiring or wage growth.</p><p>&#34;The minute the Fed acknowledges inflation isn&#39;t a problem anymore, markets will just speed higher,&#34; which would prolong the Fed&#39;s job, said Jack McIntyre, portfolio manager at Brandywine Global.</p><p>At the end of the day, what may matter most for markets isn&#39;t how high the Fed raises rates, but how well the economy is able to hold up over the coming year.</p><p>For instance, Goldman Sachs Group Inc. says if the U.S. narrowly avoids recession, as it expects it will, it sees stocks ending the year just a touch higher. If the economy were to go into recession, Goldman sees earnings growth sliding -- in which case, the S&amp;P 500 could fall about 20%, a far different outcome.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4533":"AQR资本管理(全球第二大对冲基金)","BK4550":"红杉资本持仓","BK4504":"桥水持仓","BK4552":"Archegos爆仓风波概念","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4127":"投资银行业与经纪业","BK4585":"ETF&股票定投概念"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2303100598","content_text":"The Federal Reserve says it is too early to think about cutting interest rates this year. Investors are growing more convinced that is exactly what the central bank is going to do.The clash between investors' hopes and Fed policy, and how it ultimately resolves, is shaping up to be one of the biggest question marks for financial markets in 2023.Many money managers predict inflation has peaked, and that price pressures will fall so fast that the Fed takes back some of its interest-rate increases by the end of the year, as it did in 2019 just seven months after its last hike.Fed officials have been hammering a different message: This time will be different because inflation is much higher.The Labor Department said Thursday that its consumer-price index, which measures what consumers pay for goods and services, rose 6.5% in December from a year earlier. That marked its slowest pace since October 2021, and its sixth consecutive monthly decline. Last week's jobs report also showed wage growth cooled, with average hourly earnings rising at the slowest pace since mid-2021.Evidence that inflation is pulling back has fueled bets that the Fed will cut rates as early as the second half of the year. Traders in interest-rate derivatives markets see a 90% chance that the Fed lifts rates two more times this year, to around 4.9% by March, according to CME Group. They see a 60% chance that the Fed then cuts rates at least once by December.At their meeting last month, Fed officials projected interest rates will continue rising through the spring, to around 5.1%. None of them penciled in cuts this year. They have generally signaled a somewhat more aggressive path for interest rates either because they are less optimistic than investors, who see a speedier slowdown in inflation this year, or because they are less pessimistic about the probability of a serious recession.\"To be honest with you, I don't quite know why markets are so optimistic about inflation,\" said San Francisco Fed President Mary Daly after the Fed's meeting last month. \"I think of them as priced for perfection,\" she said.The Fed and many investors agree that inflation will keep declining this year as supply-chain bottlenecks abate and as housing costs slow down after soaring over the past two years. But Fed officials are nervous that the labor market's strength could sustain wage growth that keeps inflation, as measured by a separate gauge, above their 2% target.Fed officials, Ms. Daly said, \"don't have the luxury of pricing for perfection.... We have to imagine what the risks to inflation are.\"One of her colleagues, St. Louis Fed President James Bullard, echoed that point after Thursday's report was released. \"It could be that inflation starts to go in the other direction again, and then the Fed would have to react to that,\" he said during a webinar. \"I don't think there's enough pricing being put on that possibility.\"Investors who are counting on interest rates falling are at risk of being burned if they wind up being wrong.The S&P 500 has risen 11% from its October low, with much of the gains being attributed to bets that the Fed will pivot from raising rates to cutting them some time this year. Government bonds have also retraced some losses after a brutal 2022. The yield on the 10-year U.S. Treasury note was at 3.446% Thursday, compared with its October peak of 4.231%. Yields fall as bond prices rise.Several banks, including JPMorgan Chase & Co., UBS Group AG, and Deutsche Bank AG, are expecting U.S. stocks to post gains this year. But others are cautioning the market could suffer double-digit percentage declines yet again, especially if Fed policy winds up being tougher than investors anticipate, which in turn could cause the economy to slow down more than investors expect.What explains the disconnect between the Fed and much of Wall Street?\"It is very simple: The market has a very different view on inflation. It thinks inflation is going to fall much faster than the Fed does,\" said Mark Cabana, the head of U.S. interest-rate strategy at Bank of America Corp.In addition, there are important technical differences in what the Fed's quarterly economic and interest-rate projections show relative to what investors anticipate based on readings of interest-rate futures markets.The Fed's projections represent what every individual Fed official thinks should happen to interest rates under their modal, or most likely, expectation for the economy. But those projections only reveal how the Fed is likely to respond under one general set of circumstances. Market participants, on the other hand, can make probability-weighted bets in interest-rate futures markets that better take into account different economic scenarios.Fed Chair Jerome Powell has at times emphasized the limitations of the Fed's projections.\"When uncertainty around the outlook is unusually high, I dutifully write down what I see as the appropriate funds rate path in the most likely scenario, but I do so aware that this projection may be easily misinterpreted, for what is 'most likely' may not be particularly likely, \" he said in 2019.The past year served as a cautionary tale for many investors, with inflation and interest rates racing far higher than most foresaw. \"Think about what the Fed and the market was projecting a year ago,\" said Joe Amato, president of Neuberger Berman Group.The way stocks have bounced back the past few months suggests \"there's a false sense of precision from the equity markets\" on where rates are headed, he said.Many investors also appear to be reluctant to take the Fed at its word, said Sam Lynton-Brown, head of global macro strategy at BNP Paribas SA.\"The market has learned that forward guidance for central banks, at a point when they're data-dependent and the data are volatile, doesn't hold much credibility,\" said Mr. Lynton-Brown. \"It's all about what the data shows,\" and specifically, about whether or not the data suggest inflation will be able to quickly fall to the Fed's 2% target, he said. (Mr. Lynton-Brown doesn't believe that will be the case.)The gap between Wall Street's expectations and Fed talk may also stem in part from central bankers' reluctance to come across as too optimistic in public.The Fed believes its policies to slow demand and combat inflation work by tightening financial conditions, such as by raising borrowing costs or lowering stock prices and other asset values. Any market rallies that ease financial conditions could potentially hinder officials' effort to restrain hiring or wage growth.\"The minute the Fed acknowledges inflation isn't a problem anymore, markets will just speed higher,\" which would prolong the Fed's job, said Jack McIntyre, portfolio manager at Brandywine Global.At the end of the day, what may matter most for markets isn't how high the Fed raises rates, but how well the economy is able to hold up over the coming year.For instance, Goldman Sachs Group Inc. says if the U.S. narrowly avoids recession, as it expects it will, it sees stocks ending the year just a touch higher. If the economy were to go into recession, Goldman sees earnings growth sliding -- in which case, the S&P 500 could fall about 20%, a far different outcome.","news_type":1},"isVote":1,"tweetType":1,"viewCount":64,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9939962372,"gmtCreate":1662043198500,"gmtModify":1676536723206,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/HKD\">$AMTD Digital Inc.(HKD)$</a>lloll","listText":"<a href=\"https://ttm.financial/S/HKD\">$AMTD Digital Inc.(HKD)$</a>lloll","text":"$AMTD Digital Inc.(HKD)$lloll","images":[{"img":"https://community-static.tradeup.com/news/7aaa3e82cc0c0cdce00f0caa984c5434","width":"1080","height":"2118"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":1,"link":"https://ttm.financial/post/9939962372","isVote":1,"tweetType":1,"viewCount":296,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9098408324,"gmtCreate":1644195962965,"gmtModify":1676533898289,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9098408324","repostId":"1126341915","repostType":2,"repost":{"id":"1126341915","kind":"news","pubTimestamp":1644192333,"share":"https://ttm.financial/m/news/1126341915?lang=&edition=fundamental","pubTime":"2022-02-07 08:05","market":"sg","language":"en","title":"Singapore Stock Market Likely Rangebound On Monday","url":"https://stock-news.laohu8.com/highlight/detail?id=1126341915","media":"RTTNews","summary":"The Singapore stock market has climbed higher in back-to-back trading days, soaring more than 80 poi","content":"<html><head></head><body><p>The Singapore stock market has climbed higher in back-to-back trading days, soaring more than 80 points or 2.5 percent along the way. Now at a fresh 30-month closing high, the Straits Times Index now sits just above the 3,330-point plateau and it figures to see little movement on Monday.</p><p>The global forecast for the Asian markets is mixed to higher, with support from technology stocks and crude oil companies expected to lead the way higher. The European markets were own and the U.S. markets were mixed and Asian markets figure to follow the latter lead.</p><p>The STI finished modestly higher on Friday following gains from the financial shares and industrials.</p><p>For the day, the index gained 15.42 points or 0.47 percent to finish at 3,331.41 after trading between 3,309.52 and 3,332.92. Volume was 1.64 billion shares worth 1.33 billion Singapore dollars. There were 286 gainers and 190 decliners.</p><p>Among the actives, Ascendas REIT and Comfort DelGro both advanced 0.72 percent, while CapitaLand Integrated Commercial Trust spiked 2.48 percent, City Developments gained 0.42 percent, Dairy Farm International and Mapletree Commercial Trust both jumped 1.11 percent, DBS Group added 0.70 percent, Hongkong Land tumbled 1.93 percent, Keppel Corp soared 2.61 percent, Mapletree Logistics Trust improved 0.58 percent, Oversea-Chinese Banking Corporation was up 0.08 percent, SATS and Thai Beverage both climbed 0.76 percent, SembCorp Industries surged 2.99 percent, Singapore Exchange fell 0.21 percent, Singapore Press Holdings shed 0.43 percent, SingTel rose 0.40 percent, United Overseas Bank rallied 0.97 percent, Wilmar International sank 0.68 percent and Yangzijiang Shipbuilding, Genting Singapore, Singapore Airlines and Singapore Technologies Engineering were unchanged.</p><p>The lead from Wall Street is mixed to higher as the major averages were directionless on Monday, finally finishing on opposite sides of the unchanged line.</p><p>The Dow dipped 21.42 points or 0.06 percent to finish at 35,089.74, while the NASDAQ surged 219.19 points or 1.58 percent to end at 14,098.01 and the S&amp;P 500 gained 23.09 points or 0.52 percent to close at 4,500.53. For the week, the NASDAQ gained 2.5 percent, the S&amp;P added 1.5 percent and the Dow was up 1.1 percent.</p><p>Traders reacted to much better than expected U.S. employment data from the Labor Department, which is good for economic recovery but spurred concerns for the outlook on interest rates.</p><p>Expectations for more aggressive tightening by the Federal Reserve lifted bond yields. The yield on long term U.S. 10-year Treasury note rose about the 1.9 percent mark for the first time in more than two years.</p><p>In earnings news, Amazon, Snap, Pinterest, Salesforce.com, JP Morgan Chase, Goldman Sachs, Microsoft, Walt Disney, Chevron and American Express all had solid numbers.</p><p>Crude oil prices rose sharply on Friday and lifted the most active crude futures contracts to their highest close in over seven years. Rising concerns over supply disruptions fueled the rally, as did mounting tensions between Russia and Ukraine. West Texas Intermediate Crude oil futures for March ended higher by $2.04 or 2.3 percent at $92.31 a barrel, the highest settlement since September 29, 2014. WTI crude oil futures gained more than 6 percent in the week.</p><p>Closer to home, Singapore will see January results for its private sector PMI from Markit Economics later this morning; in December, the score was 55.1.</p></body></html>","source":"lsy1626938412129","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>Singapore Stock Market Likely Rangebound On Monday</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\">\nSingapore Stock Market Likely Rangebound On Monday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-07 08:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.rttnews.com/3260453/singapore-stock-market-likely-rangebound-on-monday.aspx><strong>RTTNews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Singapore stock market has climbed higher in back-to-back trading days, soaring more than 80 points or 2.5 percent along the way. Now at a fresh 30-month closing high, the Straits Times Index now ...</p>\n\n<a href=\"https://www.rttnews.com/3260453/singapore-stock-market-likely-rangebound-on-monday.aspx\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.rttnews.com/3260453/singapore-stock-market-likely-rangebound-on-monday.aspx","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126341915","content_text":"The Singapore stock market has climbed higher in back-to-back trading days, soaring more than 80 points or 2.5 percent along the way. Now at a fresh 30-month closing high, the Straits Times Index now sits just above the 3,330-point plateau and it figures to see little movement on Monday.The global forecast for the Asian markets is mixed to higher, with support from technology stocks and crude oil companies expected to lead the way higher. The European markets were own and the U.S. markets were mixed and Asian markets figure to follow the latter lead.The STI finished modestly higher on Friday following gains from the financial shares and industrials.For the day, the index gained 15.42 points or 0.47 percent to finish at 3,331.41 after trading between 3,309.52 and 3,332.92. Volume was 1.64 billion shares worth 1.33 billion Singapore dollars. There were 286 gainers and 190 decliners.Among the actives, Ascendas REIT and Comfort DelGro both advanced 0.72 percent, while CapitaLand Integrated Commercial Trust spiked 2.48 percent, City Developments gained 0.42 percent, Dairy Farm International and Mapletree Commercial Trust both jumped 1.11 percent, DBS Group added 0.70 percent, Hongkong Land tumbled 1.93 percent, Keppel Corp soared 2.61 percent, Mapletree Logistics Trust improved 0.58 percent, Oversea-Chinese Banking Corporation was up 0.08 percent, SATS and Thai Beverage both climbed 0.76 percent, SembCorp Industries surged 2.99 percent, Singapore Exchange fell 0.21 percent, Singapore Press Holdings shed 0.43 percent, SingTel rose 0.40 percent, United Overseas Bank rallied 0.97 percent, Wilmar International sank 0.68 percent and Yangzijiang Shipbuilding, Genting Singapore, Singapore Airlines and Singapore Technologies Engineering were unchanged.The lead from Wall Street is mixed to higher as the major averages were directionless on Monday, finally finishing on opposite sides of the unchanged line.The Dow dipped 21.42 points or 0.06 percent to finish at 35,089.74, while the NASDAQ surged 219.19 points or 1.58 percent to end at 14,098.01 and the S&P 500 gained 23.09 points or 0.52 percent to close at 4,500.53. For the week, the NASDAQ gained 2.5 percent, the S&P added 1.5 percent and the Dow was up 1.1 percent.Traders reacted to much better than expected U.S. employment data from the Labor Department, which is good for economic recovery but spurred concerns for the outlook on interest rates.Expectations for more aggressive tightening by the Federal Reserve lifted bond yields. The yield on long term U.S. 10-year Treasury note rose about the 1.9 percent mark for the first time in more than two years.In earnings news, Amazon, Snap, Pinterest, Salesforce.com, JP Morgan Chase, Goldman Sachs, Microsoft, Walt Disney, Chevron and American Express all had solid numbers.Crude oil prices rose sharply on Friday and lifted the most active crude futures contracts to their highest close in over seven years. Rising concerns over supply disruptions fueled the rally, as did mounting tensions between Russia and Ukraine. West Texas Intermediate Crude oil futures for March ended higher by $2.04 or 2.3 percent at $92.31 a barrel, the highest settlement since September 29, 2014. WTI crude oil futures gained more than 6 percent in the week.Closer to home, Singapore will see January results for its private sector PMI from Markit Economics later this morning; in December, the score was 55.1.","news_type":1},"isVote":1,"tweetType":1,"viewCount":258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9093039238,"gmtCreate":1643446804159,"gmtModify":1676533821979,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093039238","repostId":"1157223555","repostType":4,"repost":{"id":"1157223555","kind":"news","pubTimestamp":1643443466,"share":"https://ttm.financial/m/news/1157223555?lang=&edition=fundamental","pubTime":"2022-01-29 16:04","market":"us","language":"en","title":"Goldman Sachs Predicts Fed Will Raise Rates Five Times This Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1157223555","media":"Bloomberg","summary":"Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve wi","content":"<html><head></head><body><p>Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve will raise interest rates more aggressively than they previously expected.</p><p>Economists led by Jan Hatzius now predict the Fed will lift its near zero benchmark by 25 basis points five times this year rather than on four occasions. That would take the benchmark to 1.25%-1.5% by the end of the year.</p><p>Shifts are now seen by Goldman Sachs in March, May, July, September and December. They also expect officials to announce the start of a balance sheet reduction in June.</p><p>The switch came days after Fed Chair Jerome Powell said officials were ready to raise rates in March and left the door open to moving at every meeting if needed to curb the fastest inflation in 40 years. A government report on Friday showed the Employment Cost Index rose 4% in the year through December, the most in two decades.</p><p>Fed Kicks Off Most Aggressive Global Tightening in Decades</p><p>“The evidence that wage growth is running above levels consistent with the Fed’s inflation target has strengthened, and we have revised up our inflation path,” the Goldman Sachs economists said in a report to clients. “In addition, Chair Powell’s comments earlier this week made it clear that the Fed leadership is open to a more aggressive pace of tightening.”</p><p>The Fed could still switch gears if market conditions change or the economy decelerates much faster than projected, or tighten monetary policy even more than forecast if inflation remains high enough, they said.</p><p>Even as they agreed the Fed will do more than they previously bet, banks were divided this week over how aggressive policy makers would be.</p><p>Bank of America Corp. now predicts seven rate hikes in 2022 and BNP Paribas SA forecasts six, while JPMorgan Chase &amp; Co. and Deutsche Bank AG see five.</p><p>Nomura Holdings Inc. even reckons the central bank will deliver a 50 basis points increase in March, which would be the biggest move since 2000.</p><p>Bloomberg Economics is sticking with the projection of five hikes it made earlier this month, though Chief Economist Anna Wong said this week there is a risk of six increases.</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>Goldman Sachs Predicts Fed Will Raise Rates Five Times This Year</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; 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}\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\">\nGoldman Sachs Predicts Fed Will Raise Rates Five Times This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-29 16:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/goldman-sachs-predicts-fed-raise-071350897.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve will raise interest rates more aggressively than they previously expected.Economists led by Jan ...</p>\n\n<a href=\"https://finance.yahoo.com/news/goldman-sachs-predicts-fed-raise-071350897.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/goldman-sachs-predicts-fed-raise-071350897.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157223555","content_text":"Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve will raise interest rates more aggressively than they previously expected.Economists led by Jan Hatzius now predict the Fed will lift its near zero benchmark by 25 basis points five times this year rather than on four occasions. That would take the benchmark to 1.25%-1.5% by the end of the year.Shifts are now seen by Goldman Sachs in March, May, July, September and December. They also expect officials to announce the start of a balance sheet reduction in June.The switch came days after Fed Chair Jerome Powell said officials were ready to raise rates in March and left the door open to moving at every meeting if needed to curb the fastest inflation in 40 years. A government report on Friday showed the Employment Cost Index rose 4% in the year through December, the most in two decades.Fed Kicks Off Most Aggressive Global Tightening in Decades“The evidence that wage growth is running above levels consistent with the Fed’s inflation target has strengthened, and we have revised up our inflation path,” the Goldman Sachs economists said in a report to clients. “In addition, Chair Powell’s comments earlier this week made it clear that the Fed leadership is open to a more aggressive pace of tightening.”The Fed could still switch gears if market conditions change or the economy decelerates much faster than projected, or tighten monetary policy even more than forecast if inflation remains high enough, they said.Even as they agreed the Fed will do more than they previously bet, banks were divided this week over how aggressive policy makers would be.Bank of America Corp. now predicts seven rate hikes in 2022 and BNP Paribas SA forecasts six, while JPMorgan Chase & Co. and Deutsche Bank AG see five.Nomura Holdings Inc. even reckons the central bank will deliver a 50 basis points increase in March, which would be the biggest move since 2000.Bloomberg Economics is sticking with the projection of five hikes it made earlier this month, though Chief Economist Anna Wong said this week there is a risk of six increases.","news_type":1},"isVote":1,"tweetType":1,"viewCount":330,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9088489148,"gmtCreate":1650375778993,"gmtModify":1676534708041,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9088489148","repostId":"1118609787","repostType":4,"repost":{"id":"1118609787","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":1650375050,"share":"https://ttm.financial/m/news/1118609787?lang=&edition=fundamental","pubTime":"2022-04-19 21:30","market":"us","language":"en","title":"U.S. Stocks Open Little Changed As Investors Digest Latest Batch of Corporate Earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=1118609787","media":"Tiger Newspress","summary":"Stock futures were little changed early Tuesday morning as traders navigated one of the busiest week","content":"<html><head></head><body><p>Stock futures were little changed early Tuesday morning as traders navigated one of the busiest weeks of corporate earnings season.</p><p>Futures tied to the Dow Jones Industrial Average inched 2 points, or 0.01%, lower. Those for the S&amp;P 500 slipped by 0.04%. Nasdaq 100 futures were lower by 0.04%.</p><p>The move in futures comes after aslightly down day for stockson Monday. The Dow and Nasdaq Composite each dipped 0.1%, while the S&amp;P 500 inched lower by 0.02%.</p><p>The major indexes have been grinding lower as the first-quarter earnings season heats up.</p><p>Johnson &amp; Johnsonreported mixed quarterly resultson Tuesday, with its earnings per share topping earnings expectations while revenue missed analyst estimates. The pharmaceutical company also lowered its earnings guidance for 2022. Its shares dipped slightly in premarket trading.</p><p>Hasbro shares fell nearly 2% premarket after the toy company posted a weaker-than-expected profit for the previous quarter, while its revenue was in line with estimates.</p><p>Travelers Companies was slightly higher in early trading after the company beat estimates on the top and bottom lines for its latest quarter and announced a 5.7% dividend increase.</p><p>Lockheed Martin shares lost more than 2% premarket after the security and aerospace company reported an earnings beat and a revenue miss for the most recent quarter.</p><p>Netflix and IBM are scheduled to post their numbers after the bell Tuesday.</p><p>With inflation and the Federal Reserve’s next steps a key debate in markets, investors are watching for insight into how supply chains and consumer demand are performing for major companies.</p><p>“Profit margins are expected to remain elevated; however, inflation is expected to trim margins from the all-time highs seen in 2021. Only the energy and utility sectors are reflecting a year-to-date uptick in margin growth expectations,” Keith Lerner, co-CIO of Truist Advisory Services, said in a note to clients.</p><p>Expectations for Fed hikes have risen sharply in recent months, though the central bank has said it will be data dependent in deciding how it will hike rates throughout the year.</p><p>“Can the Fed raising rates actually solve some of the shortages we have with labor, with semiconductors, with wheat? Probably not. So maybe they’re going to act a little bit less aggressively in the end than some people think,” said Adam Parker of Trivariate Research on “Closing Bell: Overtime.”</p><p>The concern about the Fed’s next steps have caused high volatility in the bond market as well, which appears to have weighed on stocks in recent weeks. On Tuesday, the 10-year Treasury yield hit its highest level in three years, reaching 2.91%.</p><p>St. Louis Fed president James Bullard told CNBC’s Steve Liesman on Monday that “quite a bit has been priced in” in terms of Fed actions.</p><p>On the data front, housing starts and building permits in March came in above expectations, according to estimates from Dow Jones.</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. Stocks Open Little Changed As Investors Digest Latest Batch of Corporate Earnings</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. Stocks Open Little Changed As Investors Digest Latest Batch of Corporate Earnings\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\">2022-04-19 21:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Stock futures were little changed early Tuesday morning as traders navigated one of the busiest weeks of corporate earnings season.</p><p>Futures tied to the Dow Jones Industrial Average inched 2 points, or 0.01%, lower. Those for the S&amp;P 500 slipped by 0.04%. Nasdaq 100 futures were lower by 0.04%.</p><p>The move in futures comes after aslightly down day for stockson Monday. The Dow and Nasdaq Composite each dipped 0.1%, while the S&amp;P 500 inched lower by 0.02%.</p><p>The major indexes have been grinding lower as the first-quarter earnings season heats up.</p><p>Johnson &amp; Johnsonreported mixed quarterly resultson Tuesday, with its earnings per share topping earnings expectations while revenue missed analyst estimates. The pharmaceutical company also lowered its earnings guidance for 2022. Its shares dipped slightly in premarket trading.</p><p>Hasbro shares fell nearly 2% premarket after the toy company posted a weaker-than-expected profit for the previous quarter, while its revenue was in line with estimates.</p><p>Travelers Companies was slightly higher in early trading after the company beat estimates on the top and bottom lines for its latest quarter and announced a 5.7% dividend increase.</p><p>Lockheed Martin shares lost more than 2% premarket after the security and aerospace company reported an earnings beat and a revenue miss for the most recent quarter.</p><p>Netflix and IBM are scheduled to post their numbers after the bell Tuesday.</p><p>With inflation and the Federal Reserve’s next steps a key debate in markets, investors are watching for insight into how supply chains and consumer demand are performing for major companies.</p><p>“Profit margins are expected to remain elevated; however, inflation is expected to trim margins from the all-time highs seen in 2021. Only the energy and utility sectors are reflecting a year-to-date uptick in margin growth expectations,” Keith Lerner, co-CIO of Truist Advisory Services, said in a note to clients.</p><p>Expectations for Fed hikes have risen sharply in recent months, though the central bank has said it will be data dependent in deciding how it will hike rates throughout the year.</p><p>“Can the Fed raising rates actually solve some of the shortages we have with labor, with semiconductors, with wheat? Probably not. So maybe they’re going to act a little bit less aggressively in the end than some people think,” said Adam Parker of Trivariate Research on “Closing Bell: Overtime.”</p><p>The concern about the Fed’s next steps have caused high volatility in the bond market as well, which appears to have weighed on stocks in recent weeks. On Tuesday, the 10-year Treasury yield hit its highest level in three years, reaching 2.91%.</p><p>St. Louis Fed president James Bullard told CNBC’s Steve Liesman on Monday that “quite a bit has been priced in” in terms of Fed actions.</p><p>On the data front, housing starts and building permits in March came in above expectations, according to estimates from Dow Jones.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118609787","content_text":"Stock futures were little changed early Tuesday morning as traders navigated one of the busiest weeks of corporate earnings season.Futures tied to the Dow Jones Industrial Average inched 2 points, or 0.01%, lower. Those for the S&P 500 slipped by 0.04%. Nasdaq 100 futures were lower by 0.04%.The move in futures comes after aslightly down day for stockson Monday. The Dow and Nasdaq Composite each dipped 0.1%, while the S&P 500 inched lower by 0.02%.The major indexes have been grinding lower as the first-quarter earnings season heats up.Johnson & Johnsonreported mixed quarterly resultson Tuesday, with its earnings per share topping earnings expectations while revenue missed analyst estimates. The pharmaceutical company also lowered its earnings guidance for 2022. Its shares dipped slightly in premarket trading.Hasbro shares fell nearly 2% premarket after the toy company posted a weaker-than-expected profit for the previous quarter, while its revenue was in line with estimates.Travelers Companies was slightly higher in early trading after the company beat estimates on the top and bottom lines for its latest quarter and announced a 5.7% dividend increase.Lockheed Martin shares lost more than 2% premarket after the security and aerospace company reported an earnings beat and a revenue miss for the most recent quarter.Netflix and IBM are scheduled to post their numbers after the bell Tuesday.With inflation and the Federal Reserve’s next steps a key debate in markets, investors are watching for insight into how supply chains and consumer demand are performing for major companies.“Profit margins are expected to remain elevated; however, inflation is expected to trim margins from the all-time highs seen in 2021. Only the energy and utility sectors are reflecting a year-to-date uptick in margin growth expectations,” Keith Lerner, co-CIO of Truist Advisory Services, said in a note to clients.Expectations for Fed hikes have risen sharply in recent months, though the central bank has said it will be data dependent in deciding how it will hike rates throughout the year.“Can the Fed raising rates actually solve some of the shortages we have with labor, with semiconductors, with wheat? Probably not. So maybe they’re going to act a little bit less aggressively in the end than some people think,” said Adam Parker of Trivariate Research on “Closing Bell: Overtime.”The concern about the Fed’s next steps have caused high volatility in the bond market as well, which appears to have weighed on stocks in recent weeks. On Tuesday, the 10-year Treasury yield hit its highest level in three years, reaching 2.91%.St. Louis Fed president James Bullard told CNBC’s Steve Liesman on Monday that “quite a bit has been priced in” in terms of Fed actions.On the data front, housing starts and building permits in March came in above expectations, according to estimates from Dow Jones.","news_type":1},"isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9093658885,"gmtCreate":1643620238331,"gmtModify":1676533836724,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093658885","repostId":"2207385212","repostType":4,"repost":{"id":"2207385212","kind":"news","pubTimestamp":1643619254,"share":"https://ttm.financial/m/news/2207385212?lang=&edition=fundamental","pubTime":"2022-01-31 16:54","market":"us","language":"en","title":"Kaleido Bio discontinues Phase 2 KB109 study, ends collaboration with COPD Foundation","url":"https://stock-news.laohu8.com/highlight/detail?id=2207385212","media":"seekingalpha","summary":"In a 8-K filing, Kaleido Biosciences (NASDAQ:KLDO) announced that it has decided to halt work on a p","content":"<html><head></head><body><p>In a 8-K filing, Kaleido Biosciences (NASDAQ:KLDO) announced that it has decided to halt work on a planned Phase 2 study of KB109 in patients with chronic obstructive pulmonary disease (COPD) study and terminate its agreement with the COPD Foundation. </p><p>These decisions were made in order to re-align resources and focus the Company&#39;s efforts.</p><p>After the company terminated development of KB109 and agreement with COPD Foundation, Piper Sandler analyst Edward Tenthoff lowered the firm&#39;s price target (PT) on KLDO to $4 from $19 and keeps an Overweight rating.</p><p>Tenthoff&#39;s new $4 target is based on a projected enterprise value of $278M, down from $792M. He now values KB295 in ulcerative collitis at $228M and adds $50M for Kaleido&#39;s Microbiome Metabolic Therapies, or MMT, platform.</p><p>Also, the analyst is removing $250M in value for KB109 for COPD, $153M for KB195 in urea cycle disorder and $181M for KB174 in hepatic encephalopathy.</p><p>The revised T of $4, still implies a premium of ~130% to the last close of $1.74.</p><p>Quant Rating on the stock is Strong Sell whereas Wall Street sell-siders have Buy Rating with average PT of $14.80.</p><p>Earlier in August 2021, KLDO collaborated with COPD Foundation to study KB109.<img src=\"https://static.tigerbbs.com/74c5bec2c341bcd97d1d129f37f5c73a\" tg-width=\"1216\" tg-height=\"476\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Kaleido Bio discontinues Phase 2 KB109 study, ends collaboration with COPD Foundation</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\">\nKaleido Bio discontinues Phase 2 KB109 study, ends collaboration with COPD Foundation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-31 16:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3793349-kaleido-bio-discontinues-phase-2-kb109-study-ends-collaboration-with-copd-foundation><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In a 8-K filing, Kaleido Biosciences (NASDAQ:KLDO) announced that it has decided to halt work on a planned Phase 2 study of KB109 in patients with chronic obstructive pulmonary disease (COPD) study ...</p>\n\n<a href=\"https://seekingalpha.com/news/3793349-kaleido-bio-discontinues-phase-2-kb109-study-ends-collaboration-with-copd-foundation\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4007":"制药","KLDO":"Kaleido Biosciences, Inc.","BK4166":"消费信贷"},"source_url":"https://seekingalpha.com/news/3793349-kaleido-bio-discontinues-phase-2-kb109-study-ends-collaboration-with-copd-foundation","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2207385212","content_text":"In a 8-K filing, Kaleido Biosciences (NASDAQ:KLDO) announced that it has decided to halt work on a planned Phase 2 study of KB109 in patients with chronic obstructive pulmonary disease (COPD) study and terminate its agreement with the COPD Foundation. These decisions were made in order to re-align resources and focus the Company's efforts.After the company terminated development of KB109 and agreement with COPD Foundation, Piper Sandler analyst Edward Tenthoff lowered the firm's price target (PT) on KLDO to $4 from $19 and keeps an Overweight rating.Tenthoff's new $4 target is based on a projected enterprise value of $278M, down from $792M. He now values KB295 in ulcerative collitis at $228M and adds $50M for Kaleido's Microbiome Metabolic Therapies, or MMT, platform.Also, the analyst is removing $250M in value for KB109 for COPD, $153M for KB195 in urea cycle disorder and $181M for KB174 in hepatic encephalopathy.The revised T of $4, still implies a premium of ~130% to the last close of $1.74.Quant Rating on the stock is Strong Sell whereas Wall Street sell-siders have Buy Rating with average PT of $14.80.Earlier in August 2021, KLDO collaborated with COPD Foundation to study KB109.","news_type":1},"isVote":1,"tweetType":1,"viewCount":398,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9951119897,"gmtCreate":1673419156120,"gmtModify":1676538833732,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"Lol","listText":"Lol","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951119897","isVote":1,"tweetType":1,"viewCount":59,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9022444568,"gmtCreate":1653574984954,"gmtModify":1676535306681,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022444568","repostId":"1130299206","repostType":4,"repost":{"id":"1130299206","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1653566631,"share":"https://ttm.financial/m/news/1130299206?lang=&edition=fundamental","pubTime":"2022-05-26 20:03","market":"us","language":"en","title":"Alibaba Beats Estimates for Quarterly Revenue","url":"https://stock-news.laohu8.com/highlight/detail?id=1130299206","media":"Reuters","summary":"China's Alibaba Group Holding Ltd on Thursday beat market expectations for fourth-quarter revenue, p","content":"<html><head></head><body><p>China&#39;s Alibaba Group Holding Ltd on Thursday beat market expectations for fourth-quarter revenue, powered by demand for its ecommerce and cloud services as lockdowns in the country&#39;s biggest cities forced offices to shift to remote work.</p><p>Alibaba shares jumped in trading Thursday.</p><p>The e-commerce giant&#39;s strong results come as Beijing extends support to its tech companies to avoid a hit from new COVID-19 outbreaks.</p><p>Demand for online services ranging from shopping to cloud-based products has skyrocketed in China as strict lockdowns prompt people to work, shop and keep themselves entertained from homes.</p><p>Revenue in the cloud computing division rose 12% to 18.97 billion yuan in the reported quarter. At the core commerce unit, its largest, revenue rose 8% to 140.33 billion yuan.</p><p>Overall, revenue rose 9% to 204.05 billion yuan ($30.35 billion) in the quarter. Analysts on average had expected revenue of 199.25 billion yuan, according to Refinitiv data.</p><p>Alibaba Group said it would not give a forecast for the current fiscal year due to COVID-19 risks.</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 Beats Estimates for Quarterly Revenue</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Beats Estimates for Quarterly Revenue\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-05-26 20:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>China&#39;s Alibaba Group Holding Ltd on Thursday beat market expectations for fourth-quarter revenue, powered by demand for its ecommerce and cloud services as lockdowns in the country&#39;s biggest cities forced offices to shift to remote work.</p><p>Alibaba shares jumped in trading Thursday.</p><p>The e-commerce giant&#39;s strong results come as Beijing extends support to its tech companies to avoid a hit from new COVID-19 outbreaks.</p><p>Demand for online services ranging from shopping to cloud-based products has skyrocketed in China as strict lockdowns prompt people to work, shop and keep themselves entertained from homes.</p><p>Revenue in the cloud computing division rose 12% to 18.97 billion yuan in the reported quarter. At the core commerce unit, its largest, revenue rose 8% to 140.33 billion yuan.</p><p>Overall, revenue rose 9% to 204.05 billion yuan ($30.35 billion) in the quarter. Analysts on average had expected revenue of 199.25 billion yuan, according to Refinitiv data.</p><p>Alibaba Group said it would not give a forecast for the current fiscal year due to COVID-19 risks.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130299206","content_text":"China's Alibaba Group Holding Ltd on Thursday beat market expectations for fourth-quarter revenue, powered by demand for its ecommerce and cloud services as lockdowns in the country's biggest cities forced offices to shift to remote work.Alibaba shares jumped in trading Thursday.The e-commerce giant's strong results come as Beijing extends support to its tech companies to avoid a hit from new COVID-19 outbreaks.Demand for online services ranging from shopping to cloud-based products has skyrocketed in China as strict lockdowns prompt people to work, shop and keep themselves entertained from homes.Revenue in the cloud computing division rose 12% to 18.97 billion yuan in the reported quarter. At the core commerce unit, its largest, revenue rose 8% to 140.33 billion yuan.Overall, revenue rose 9% to 204.05 billion yuan ($30.35 billion) in the quarter. Analysts on average had expected revenue of 199.25 billion yuan, according to Refinitiv data.Alibaba Group said it would not give a forecast for the current fiscal year due to COVID-19 risks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":61,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":266500642603096,"gmtCreate":1706099279094,"gmtModify":1706099283640,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"Lol","listText":"Lol","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/266500642603096","repostId":"2405498188","repostType":2,"repost":{"id":"2405498188","kind":"highlight","pubTimestamp":1706097140,"share":"https://ttm.financial/m/news/2405498188?lang=&edition=fundamental","pubTime":"2024-01-24 19:52","market":"us","language":"en","title":"Alibaba: A Wonderful Opportunity For Investors With Risk Tolerance","url":"https://stock-news.laohu8.com/highlight/detail?id=2405498188","media":"seekingalpha","summary":"A reverse DCF analysis indicates that the current stock price reflects revenue growth of -2%, which is overly pessimistic.My calculation of the intrinsic value of BABA is $348 billion, equivalent to $","content":"<html><head></head><body><ul style=\"\"><li><p>A reverse DCF analysis indicates that the current stock price reflects revenue growth of -2%, which is overly pessimistic.</p></li><li><p>My calculation of the intrinsic value of BABA is $348 billion, equivalent to $137 per share.</p></li><li><p>For value investors who are willing to take risks and have a long-term view, the current stock price is a great opportunity.</p></li></ul><h2 id=\"id_1996157958\">Investment Thesis</h2><p>Since October 2020, Alibaba&#39;s (NYSE:BABA) stock has been declining, and it reached its IPO price in 2014. Everyone is fearful and capitulated. However, I believe the current stock price reflects an overly pessimistic expectation that is not justifiable.</p><h2 id=\"id_3777007191\">Overview of Alibaba</h2><p>As per the latest earning report, BABA&#39;s main revenue streams come from Taobao and Tmall Group (43.4%), Alibaba International Digital Commerce Group, AIDC for short (10.9%), and Cloud (12.3%). News surrounding each segment intensifies the fear about the future of BABA.</p><p>The rise of Temu, a subsidiary of PDD Holdings (PDD), equipped with lower prices and free shipping, evokes fears about AIDC&#39;s competitiveness in cross-border e-commerce.</p><p>The U.S. export restrictions on semiconductors, leading to the cancellation of the spin-off and IPO of BABA&#39;s cloud segment, cast doubt over the value of the cloud business in China. Moreover, the leadership change in the cloud segment raises questions about occurrences that investors may not have captured.</p><h2 id=\"id_2642891796\">Measuring temperature</h2><p>The trend of BABA&#39;s stock seems to be telling that BABA is getting into a death spiral. Before analyzing BABA&#39;s fundamentals, let&#39;s measure the temperature of the current stock price. To identify the expectation embedded in the current stock price, I conducted a reverse DCF analysis.</p><p>Among the variables required for DCF analysis, negative news such as China&#39;s GDP slowdown and intense competition evokes questions about BABA&#39;s revenue growth. Thus, I assigned fixed figures to other variables to estimate the expectation of revenue growth rate in the stock&#39;s current price.</p><p>The past trend indicates that the operating margin is downward, and the TTM operating margin is 14.6%. I assigned 10% for this simulation, which is lower than the historical low.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cda8fd6381102dc6a7cecda603bd0943\" tg-width=\"600\" tg-height=\"371\"/></p><p>BABA&#39;s filing, the Author</p><p>I assigned a 25% tax rate based on the Chinese corporate tax rate, a sales-to-capital ratio of 3, considering the historical reinvestment rate, and a cost of capital of 10% considering the U.S. 10-year treasury bond yield and equity risk premium.</p><p>For the terminal value variables, I applied a 10% ROIC, equal to the cost of capital, meaning that the growth rate for the terminal value neither creates nor deteriorates the company&#39;s value.</p><p>As per the latest earning report, BABA has $78.7 billion in cash and cash equivalents, $31 billion in interest-bearing debt, and $63 billion in non-operating assets. I applied a 30% discount on the non-operating assets because most of the assets are related to &#39;Chinese&#39; companies.</p><p>Given my assumptions above, the reverse DCF analysis indicates that the expected revenue growth rate in the current stock price (around $70) is negative 2%. This expectation is too bad to be true.</p><p>(in millions, except value per share)</p><table style=\"border-collapse:collapse;\"><colgroup><col/><col/><col/><col/><col/><col/><col/><col/></colgroup><tbody><tr><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>TTM</p></td><td style=\"text-align:left;\"><p>1</p></td><td style=\"text-align:left;\"><p>2</p></td><td style=\"text-align:left;\"><p>3</p></td><td style=\"text-align:left;\"><p>4</p></td><td style=\"text-align:left;\"><p>5</p></td><td style=\"text-align:left;\"><p>TV</p></td></tr><tr><td style=\"text-align:left;\"><p>Revenue</p></td><td style=\"text-align:left;\"><p>$125</p></td><td style=\"text-align:left;\"><p>$123</p></td><td style=\"text-align:left;\"><p>$120</p></td><td style=\"text-align:left;\"><p>$118</p></td><td style=\"text-align:left;\"><p>$116</p></td><td style=\"text-align:left;\"><p>$113</p></td><td style=\"text-align:left;\"><p></p></td></tr><tr><td style=\"text-align:left;\"><p>Revenue growth</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>-2%</p></td><td style=\"text-align:left;\"><p>-2%</p></td><td style=\"text-align:left;\"><p>-2%</p></td><td style=\"text-align:left;\"><p>-2%</p></td><td style=\"text-align:left;\"><p>-2%</p></td><td style=\"text-align:left;\"><p>4%</p></td></tr><tr><td style=\"text-align:left;\"><p>Operating income</p></td><td style=\"text-align:left;\"><p>$18</p></td><td style=\"text-align:left;\"><p>$12</p></td><td style=\"text-align:left;\"><p>$12</p></td><td style=\"text-align:left;\"><p>$12</p></td><td style=\"text-align:left;\"><p>$12</p></td><td style=\"text-align:left;\"><p>$11</p></td><td style=\"text-align:left;\"><p></p></td></tr><tr><td style=\"text-align:left;\"><p>OP margin</p></td><td style=\"text-align:left;\"><p>10%</p></td><td style=\"text-align:left;\"><p>10%</p></td><td style=\"text-align:left;\"><p>10%</p></td><td style=\"text-align:left;\"><p>10%</p></td><td style=\"text-align:left;\"><p>10%</p></td><td style=\"text-align:left;\"><p>10%</p></td><td style=\"text-align:left;\"><p></p></td></tr><tr><td style=\"text-align:left;\"><p>After-tax income</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>$9</p></td><td style=\"text-align:left;\"><p>$9</p></td><td style=\"text-align:left;\"><p>$9</p></td><td style=\"text-align:left;\"><p>$9</p></td><td style=\"text-align:left;\"><p>$8</p></td><td style=\"text-align:left;\"><p>$9</p></td></tr><tr><td style=\"text-align:left;\"><p>Reinvestment</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>$1</p></td><td style=\"text-align:left;\"><p>$1</p></td><td style=\"text-align:left;\"><p>$1</p></td><td style=\"text-align:left;\"><p>$1</p></td><td style=\"text-align:left;\"><p>$1</p></td><td style=\"text-align:left;\"><p></p></td></tr><tr><td style=\"text-align:left;\"><p>FCFF</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>$8</p></td><td style=\"text-align:left;\"><p>$8</p></td><td style=\"text-align:left;\"><p>$8</p></td><td style=\"text-align:left;\"><p>$8</p></td><td style=\"text-align:left;\"><p>$8</p></td><td style=\"text-align:left;\"><p></p></td></tr><tr><td style=\"text-align:left;\"><p>PV_FCFF</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>$8</p></td><td style=\"text-align:left;\"><p>$7</p></td><td style=\"text-align:left;\"><p>$6</p></td><td style=\"text-align:left;\"><p>$5</p></td><td style=\"text-align:left;\"><p>$5</p></td><td style=\"text-align:left;\"><p>$55</p></td></tr></tbody></table><p></p><table style=\"border-collapse:collapse;\"><colgroup><col/><col/></colgroup><tbody><tr><td style=\"text-align:left;\"><p>PV Total</p></td><td style=\"text-align:left;\"><p>$85</p></td></tr><tr><td style=\"text-align:left;\"><p>- Interest-bearing debt</p></td><td style=\"text-align:left;\"><p>-$31</p></td></tr><tr><td style=\"text-align:left;\"><p>+ Cash and Cash equivalent</p></td><td style=\"text-align:left;\"><p>$79</p></td></tr><tr><td style=\"text-align:left;\"><p>Non-operating asset</p></td><td style=\"text-align:left;\"><p>$44</p></td></tr><tr><td style=\"text-align:left;\"><p>Intrinsic Value</p></td><td style=\"text-align:left;\"><p>$177</p></td></tr><tr><td style=\"text-align:left;\"><p>Value per share</p></td><td style=\"text-align:left;\"><p>$70</p></td></tr></tbody></table><p></p><h2 id=\"id_2994257821\">Alibaba&#39;s Fundamental</h2><h4 id=\"id_2868871945\">Revenue</h4><h4 id=\"id_4273675211\">Taobao and Tmall Group</h4><p>Taobao and Tmall Group are the most prominent pillars supporting BABA. The slowdown in the Chinese economy substantially affected the growth rate of this segment. In addition, the challenge of new competitors such as PDD Holdings and Douyin erodes BABA&#39;s market share. The chart below, which represents the customer management revenue, a proxy for Taobao and Tmall Group&#39;s revenue, demonstrates BABA&#39;s struggles.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ced4baccfe251feb3f3f2a6ec5653d7d\" tg-width=\"640\" tg-height=\"396\"/></p><p>BABA&#39;s filing, the author</p><p>However, BABA still maintains a 50% market share, which is larger than Amazon&#39;s share in the U.S. Since this market leadership creates a strong network effect, I do not think that BABA will lose its competitive edge in the Chinese e-commerce market in the near future.</p><p>Accordingly, my conservative assumption is that the revenue of Taobao and Tmall Group will grow at the rate of Chinese GDP growth, which is around 4%.</p><h4 id=\"id_3320214306\">Alibaba International Digital Commerce Group &amp; Cainiao</h4><p>The biggest concern related to the AIDC, especially Aliexpress, could be the rise of PDD Holdings&#39; Temu. With ultra-low prices and aggressive promotions, Temu was ranked as the most downloaded free app in the U.S. for 2023. In addition, Temu is aggressively expanding its territory to over 40 counties. According to Similarweb, Temu&#39;s monthly global visits in December 2023 almost matched Aliexpress&#39;s visits.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f236bc1fffe1e2873ca6caa12496784c\" tg-width=\"640\" tg-height=\"422\"/></p><p>Similarweb</p><p>Nevertheless, I believe that AIDC will continue to be one of the top competitive players in the cross-border e-commerce industry because Aliexpress also offers competitive prices and faster delivery in some counties by introducing a 5-day delivery service with the synergy with Caioniao. The recent growth rate trend of AIDC supports my belief.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4f4c5a7cd65bf1379c5cc3055a0bd040\" tg-width=\"640\" tg-height=\"396\"/></p><p>BABA&#39;s filing, the author</p><p>Several reports(1,2,3) estimate that the global cross-border e-commerce market will grow around a CAGR of 26%. Considering BABA&#39;s competitive position, my conservative outlook is that AIDC&#39;s revenue will also grow at a similar pace, around 25%.</p><p>Similarly, I conservatively estimate that the revenue of Cainiao will grow in tandem with the growth of AIDC as Cainiao and AIDC expand their business hand in hand.</p><h4 id=\"id_3420311008\">Cloud</h4><p>As BABA&#39;s management mentioned in their remarks regarding the withdrawal of the IPO of the cloud division, the future of BABA&#39;s cloud division remains uncertain. Even if BABA maintains a leading position in the Chinese cloud market, challenges such as sluggish market growth and sanctions on semiconductors, especially AI chips, by the U.S. are damaging BABA&#39;s ambitions in the AI business.</p><p>Nevertheless, even if BABA struggles to expand its cloud business, it is unlikely that BABA will lose its market share because customers have to face switching costs if they want to change to other service providers.</p><p>Therefore, I conservatively project that the revenue of the Cloud division will grow at the rate of Chinese GDP growth, which is around 4%.</p><h4 id=\"id_1072185955\">Consolidation of Revenue Projection</h4><p>Based on the above projections and assuming that other segments will grow at the rate of Chinese GDP, BABA&#39;s revenue will grow at a CAGR of 10% for the next five years. Then, I assume that the growth rate will gradually decrease to the economic growth rate.</p><table style=\"border-collapse:collapse;\"><colgroup><col/><col/><col/><col/><col/><col/><col/><col/></colgroup><tbody><tr><td style=\"text-align:left;\"><p>Division</p></td><td style=\"text-align:left;\"><p>Growth rate</p></td><td style=\"text-align:left;\"><p>Current portion</p></td><td style=\"text-align:left;\"><p>1</p></td><td style=\"text-align:left;\"><p>2</p></td><td style=\"text-align:left;\"><p>3</p></td><td style=\"text-align:left;\"><p>4</p></td><td style=\"text-align:left;\"><p>5</p></td></tr><tr><td style=\"text-align:left;\"><p>Taobao and Tmall</p></td><td style=\"text-align:left;\"><p>4%</p></td><td style=\"text-align:left;\"><p>43.4</p></td><td style=\"text-align:left;\"><p>45.1</p></td><td style=\"text-align:left;\"><p>46.9</p></td><td style=\"text-align:left;\"><p>48.8</p></td><td style=\"text-align:left;\"><p>50.8</p></td><td style=\"text-align:left;\"><p>52.8</p></td></tr><tr><td style=\"text-align:left;\"><p>AIDC</p></td><td style=\"text-align:left;\"><p>25%</p></td><td style=\"text-align:left;\"><p>10.9</p></td><td style=\"text-align:left;\"><p>13.6</p></td><td style=\"text-align:left;\"><p>17.0</p></td><td style=\"text-align:left;\"><p>21.3</p></td><td style=\"text-align:left;\"><p>26.6</p></td><td style=\"text-align:left;\"><p>33.3</p></td></tr><tr><td style=\"text-align:left;\"><p>Cainiao</p></td><td style=\"text-align:left;\"><p>25%</p></td><td style=\"text-align:left;\"><p>10.2</p></td><td style=\"text-align:left;\"><p>12.8</p></td><td style=\"text-align:left;\"><p>15.9</p></td><td style=\"text-align:left;\"><p>19.9</p></td><td style=\"text-align:left;\"><p>24.9</p></td><td style=\"text-align:left;\"><p>31.1</p></td></tr><tr><td style=\"text-align:left;\"><p>Cloud</p></td><td style=\"text-align:left;\"><p>4%</p></td><td style=\"text-align:left;\"><p>12.3</p></td><td style=\"text-align:left;\"><p>12.8</p></td><td style=\"text-align:left;\"><p>13.3</p></td><td style=\"text-align:left;\"><p>13.8</p></td><td style=\"text-align:left;\"><p>14.4</p></td><td style=\"text-align:left;\"><p>15.0</p></td></tr><tr><td style=\"text-align:left;\"><p>Others</p></td><td style=\"text-align:left;\"><p>4%</p></td><td style=\"text-align:left;\"><p>23.2</p></td><td style=\"text-align:left;\"><p>24.1</p></td><td style=\"text-align:left;\"><p>25.1</p></td><td style=\"text-align:left;\"><p>26.1</p></td><td style=\"text-align:left;\"><p>27.1</p></td><td style=\"text-align:left;\"><p>28.2</p></td></tr><tr><td style=\"text-align:left;\"><p>Total</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>100</p></td><td style=\"text-align:left;\"><p>108.4</p></td><td style=\"text-align:left;\"><p>118.3</p></td><td style=\"text-align:left;\"><p>130.0</p></td><td style=\"text-align:left;\"><p>143.8</p></td><td style=\"text-align:left;\"><p>160.4</p></td></tr><tr><td style=\"text-align:left;\"><p>Annual growth</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>8.4%</p></td><td style=\"text-align:left;\"><p>9.1%</p></td><td style=\"text-align:left;\"><p>9.9%</p></td><td style=\"text-align:left;\"><p>10.7%</p></td><td style=\"text-align:left;\"><p>11.5%</p></td></tr><tr><td style=\"text-align:left;\"><p>CAGR</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>10%</p></td></tr></tbody></table><h4 id=\"id_1653381933\">Operating margin</h4><p>BABA&#39;s operating margin shrank during the pandemic due to decelerated revenue growth. However, the recent trend indicates a potential recovery in operating margin. I expect that BABA will be able to achieve a 17% operating margin in 5 years, driven by a gradual revenue increase and the monetization of AIDC.</p><h4 id=\"id_100976822\">Other variables</h4><p>Regarding other variables such as tax rate, reinvestment rate, cost of capital, and ROIC for terminal value, I applied the same assumptions that I used for measuring the temperature in the current stock price.</p><h4 id=\"id_881237663\">Intrinsic Valuation</h4><p>Based on my estimation, the intrinsic value of BABA is $348 billion, equivalent to $137 per share.</p><p>(in millions, except value per share)</p><table style=\"border-collapse:collapse;\"><colgroup><col/><col/><col/><col/><col/><col/><col/><col/><col/><col/><col/><col/><col/></colgroup><tbody><tr><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>TTM</p></td><td style=\"text-align:left;\"><p>1</p></td><td style=\"text-align:left;\"><p>2</p></td><td style=\"text-align:left;\"><p>3</p></td><td style=\"text-align:left;\"><p>4</p></td><td style=\"text-align:left;\"><p>5</p></td><td style=\"text-align:left;\"><p>6</p></td><td style=\"text-align:left;\"><p>7</p></td><td style=\"text-align:left;\"><p>8</p></td><td style=\"text-align:left;\"><p>9</p></td><td style=\"text-align:left;\"><p>10</p></td><td style=\"text-align:left;\"><p>TV</p></td></tr><tr><td style=\"text-align:left;\"><p>Revenue</p></td><td style=\"text-align:left;\"><p>$125</p></td><td style=\"text-align:left;\"><p>$138</p></td><td style=\"text-align:left;\"><p>$152</p></td><td style=\"text-align:left;\"><p>$167</p></td><td style=\"text-align:left;\"><p>$183</p></td><td style=\"text-align:left;\"><p>$202</p></td><td style=\"text-align:left;\"><p>$220</p></td><td style=\"text-align:left;\"><p>$235</p></td><td style=\"text-align:left;\"><p>$248</p></td><td style=\"text-align:left;\"><p>$259</p></td><td style=\"text-align:left;\"><p>$269</p></td><td style=\"text-align:left;\"><p></p></td></tr><tr><td style=\"text-align:left;\"><p>Revenue growth</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>10%</p></td><td style=\"text-align:left;\"><p>10%</p></td><td style=\"text-align:left;\"><p>10%</p></td><td style=\"text-align:left;\"><p>10%</p></td><td style=\"text-align:left;\"><p>10%</p></td><td style=\"text-align:left;\"><p>9%</p></td><td style=\"text-align:left;\"><p>7%</p></td><td style=\"text-align:left;\"><p>6%</p></td><td style=\"text-align:left;\"><p>5%</p></td><td style=\"text-align:left;\"><p>4%</p></td><td style=\"text-align:left;\"><p>4%</p></td></tr><tr><td style=\"text-align:left;\"><p>Operating Income</p></td><td style=\"text-align:left;\"><p>$18</p></td><td style=\"text-align:left;\"><p>$21</p></td><td style=\"text-align:left;\"><p>$24</p></td><td style=\"text-align:left;\"><p>$27</p></td><td style=\"text-align:left;\"><p>$30</p></td><td style=\"text-align:left;\"><p>$34</p></td><td style=\"text-align:left;\"><p>$37</p></td><td style=\"text-align:left;\"><p>$40</p></td><td style=\"text-align:left;\"><p>$42</p></td><td style=\"text-align:left;\"><p>$44</p></td><td style=\"text-align:left;\"><p>$46</p></td><td style=\"text-align:left;\"><p></p></td></tr><tr><td style=\"text-align:left;\"><p>OP margin</p></td><td style=\"text-align:left;\"><p>14.7%</p></td><td style=\"text-align:left;\"><p>15.1%</p></td><td style=\"text-align:left;\"><p>15.6%</p></td><td style=\"text-align:left;\"><p>16.1%</p></td><td style=\"text-align:left;\"><p>16.5%</p></td><td style=\"text-align:left;\"><p>17.0%</p></td><td style=\"text-align:left;\"><p>17.0%</p></td><td style=\"text-align:left;\"><p>17.0%</p></td><td style=\"text-align:left;\"><p>17.0%</p></td><td style=\"text-align:left;\"><p>17.0%</p></td><td style=\"text-align:left;\"><p>17.0%</p></td><td style=\"text-align:left;\"><p></p></td></tr><tr><td style=\"text-align:left;\"><p>After-tax income</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>$16</p></td><td style=\"text-align:left;\"><p>$18</p></td><td style=\"text-align:left;\"><p>$20</p></td><td style=\"text-align:left;\"><p>$23</p></td><td style=\"text-align:left;\"><p>$26</p></td><td style=\"text-align:left;\"><p>$28</p></td><td style=\"text-align:left;\"><p>$30</p></td><td style=\"text-align:left;\"><p>$32</p></td><td style=\"text-align:left;\"><p>$33</p></td><td style=\"text-align:left;\"><p>$34</p></td><td style=\"text-align:left;\"><p>$36</p></td></tr><tr><td style=\"text-align:left;\"><p>Reinvestment</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>$4</p></td><td style=\"text-align:left;\"><p>$5</p></td><td style=\"text-align:left;\"><p>$5</p></td><td style=\"text-align:left;\"><p>$6</p></td><td style=\"text-align:left;\"><p>$6</p></td><td style=\"text-align:left;\"><p>$6</p></td><td style=\"text-align:left;\"><p>$5</p></td><td style=\"text-align:left;\"><p>$4</p></td><td style=\"text-align:left;\"><p>$4</p></td><td style=\"text-align:left;\"><p>$3</p></td><td style=\"text-align:left;\"><p></p></td></tr><tr><td style=\"text-align:left;\"><p>FCFF</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>$11</p></td><td style=\"text-align:left;\"><p>$13</p></td><td style=\"text-align:left;\"><p>$15</p></td><td style=\"text-align:left;\"><p>$17</p></td><td style=\"text-align:left;\"><p>$20</p></td><td style=\"text-align:left;\"><p>$22</p></td><td style=\"text-align:left;\"><p>$25</p></td><td style=\"text-align:left;\"><p>$27</p></td><td style=\"text-align:left;\"><p>$29</p></td><td style=\"text-align:left;\"><p>$31</p></td><td style=\"text-align:left;\"><p></p></td></tr><tr><td style=\"text-align:left;\"><p>PV_FCFF</p></td><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>$10</p></td><td style=\"text-align:left;\"><p>$11</p></td><td style=\"text-align:left;\"><p>$11</p></td><td style=\"text-align:left;\"><p>$12</p></td><td style=\"text-align:left;\"><p>$12</p></td><td style=\"text-align:left;\"><p>$12</p></td><td style=\"text-align:left;\"><p>$13</p></td><td style=\"text-align:left;\"><p>$13</p></td><td style=\"text-align:left;\"><p>$12</p></td><td style=\"text-align:left;\"><p>$12</p></td><td style=\"text-align:left;\"><p>$137</p></td></tr></tbody></table><p></p><table style=\"border-collapse:collapse;\"><colgroup><col/><col/></colgroup><tbody><tr><td style=\"text-align:left;\"><p>PV Total</p></td><td style=\"text-align:left;\"><p>$256</p></td></tr><tr><td style=\"text-align:left;\"><p>- Interest-bearing debt</p></td><td style=\"text-align:left;\"><p>-$31</p></td></tr><tr><td style=\"text-align:left;\"><p>+ Cash and Cash equivalent</p></td><td style=\"text-align:left;\"><p>$79</p></td></tr><tr><td style=\"text-align:left;\"><p>Non-operating asset</p></td><td style=\"text-align:left;\"><p>$44</p></td></tr><tr><td style=\"text-align:left;\"><p>Intrinsic Value</p></td><td style=\"text-align:left;\"><p>$348</p></td></tr><tr><td style=\"text-align:left;\"><p>Value per share</p></td><td style=\"text-align:left;\"><p>$137</p></td></tr></tbody></table><h2 id=\"id_3035649089\">Risk</h2><p>Firstly, my projection for the revenue growth of Taobao and Tmall is based on the assumption that the Chinese consumer sentiment will become positive. However, my scenario may not materialize because the decline in the prices of Chinese assets, such as housing and stock, could incur a more severe reverse wealth effect.</p><p>Secondly, BABA may not be agile enough to respond to Temu&#39;s aggressive expansion into international business due to BABA&#39;s relatively larger size. And it may be too bureaucratic to change, as we can discern from Jack Ma&#39;s internal memo. In this case, my projection of AIDC&#39;s growth rate may not be achieved.</p><h2 id=\"id_649745673\">Conclusion</h2><p>It is human nature to extrapolate the future from the recent trends. While the stock price of BABA has been continuously falling, the expectation embedded in the current stock price is too excessive to be justified.</p><p>In my view, BABA is worth around $137 in a conservative scenario. For those who believe that the stock market is a weighing machine in the long run and have the stomach to hold shares of Chinese stock, it could be a wonderful opportunity to seize a bargain.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba: A Wonderful Opportunity For Investors With Risk Tolerance</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: A Wonderful Opportunity For Investors With Risk Tolerance\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-24 19:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4664578-alibaba-wonderful-opportunity-for-investors-with-risk-tolerance><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A reverse DCF analysis indicates that the current stock price reflects revenue growth of -2%, which is overly pessimistic.My calculation of the intrinsic value of BABA is $348 billion, equivalent to $...</p>\n\n<a href=\"https://seekingalpha.com/article/4664578-alibaba-wonderful-opportunity-for-investors-with-risk-tolerance\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://seekingalpha.com/article/4664578-alibaba-wonderful-opportunity-for-investors-with-risk-tolerance","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2405498188","content_text":"A reverse DCF analysis indicates that the current stock price reflects revenue growth of -2%, which is overly pessimistic.My calculation of the intrinsic value of BABA is $348 billion, equivalent to $137 per share.For value investors who are willing to take risks and have a long-term view, the current stock price is a great opportunity.Investment ThesisSince October 2020, Alibaba's (NYSE:BABA) stock has been declining, and it reached its IPO price in 2014. Everyone is fearful and capitulated. However, I believe the current stock price reflects an overly pessimistic expectation that is not justifiable.Overview of AlibabaAs per the latest earning report, BABA's main revenue streams come from Taobao and Tmall Group (43.4%), Alibaba International Digital Commerce Group, AIDC for short (10.9%), and Cloud (12.3%). News surrounding each segment intensifies the fear about the future of BABA.The rise of Temu, a subsidiary of PDD Holdings (PDD), equipped with lower prices and free shipping, evokes fears about AIDC's competitiveness in cross-border e-commerce.The U.S. export restrictions on semiconductors, leading to the cancellation of the spin-off and IPO of BABA's cloud segment, cast doubt over the value of the cloud business in China. Moreover, the leadership change in the cloud segment raises questions about occurrences that investors may not have captured.Measuring temperatureThe trend of BABA's stock seems to be telling that BABA is getting into a death spiral. Before analyzing BABA's fundamentals, let's measure the temperature of the current stock price. To identify the expectation embedded in the current stock price, I conducted a reverse DCF analysis.Among the variables required for DCF analysis, negative news such as China's GDP slowdown and intense competition evokes questions about BABA's revenue growth. Thus, I assigned fixed figures to other variables to estimate the expectation of revenue growth rate in the stock's current price.The past trend indicates that the operating margin is downward, and the TTM operating margin is 14.6%. I assigned 10% for this simulation, which is lower than the historical low.BABA's filing, the AuthorI assigned a 25% tax rate based on the Chinese corporate tax rate, a sales-to-capital ratio of 3, considering the historical reinvestment rate, and a cost of capital of 10% considering the U.S. 10-year treasury bond yield and equity risk premium.For the terminal value variables, I applied a 10% ROIC, equal to the cost of capital, meaning that the growth rate for the terminal value neither creates nor deteriorates the company's value.As per the latest earning report, BABA has $78.7 billion in cash and cash equivalents, $31 billion in interest-bearing debt, and $63 billion in non-operating assets. I applied a 30% discount on the non-operating assets because most of the assets are related to 'Chinese' companies.Given my assumptions above, the reverse DCF analysis indicates that the expected revenue growth rate in the current stock price (around $70) is negative 2%. This expectation is too bad to be true.(in millions, except value per share)TTM12345TVRevenue$125$123$120$118$116$113Revenue growth-2%-2%-2%-2%-2%4%Operating income$18$12$12$12$12$11OP margin10%10%10%10%10%10%After-tax income$9$9$9$9$8$9Reinvestment$1$1$1$1$1FCFF$8$8$8$8$8PV_FCFF$8$7$6$5$5$55PV Total$85- Interest-bearing debt-$31+ Cash and Cash equivalent$79Non-operating asset$44Intrinsic Value$177Value per share$70Alibaba's FundamentalRevenueTaobao and Tmall GroupTaobao and Tmall Group are the most prominent pillars supporting BABA. The slowdown in the Chinese economy substantially affected the growth rate of this segment. In addition, the challenge of new competitors such as PDD Holdings and Douyin erodes BABA's market share. The chart below, which represents the customer management revenue, a proxy for Taobao and Tmall Group's revenue, demonstrates BABA's struggles.BABA's filing, the authorHowever, BABA still maintains a 50% market share, which is larger than Amazon's share in the U.S. Since this market leadership creates a strong network effect, I do not think that BABA will lose its competitive edge in the Chinese e-commerce market in the near future.Accordingly, my conservative assumption is that the revenue of Taobao and Tmall Group will grow at the rate of Chinese GDP growth, which is around 4%.Alibaba International Digital Commerce Group & CainiaoThe biggest concern related to the AIDC, especially Aliexpress, could be the rise of PDD Holdings' Temu. With ultra-low prices and aggressive promotions, Temu was ranked as the most downloaded free app in the U.S. for 2023. In addition, Temu is aggressively expanding its territory to over 40 counties. According to Similarweb, Temu's monthly global visits in December 2023 almost matched Aliexpress's visits.SimilarwebNevertheless, I believe that AIDC will continue to be one of the top competitive players in the cross-border e-commerce industry because Aliexpress also offers competitive prices and faster delivery in some counties by introducing a 5-day delivery service with the synergy with Caioniao. The recent growth rate trend of AIDC supports my belief.BABA's filing, the authorSeveral reports(1,2,3) estimate that the global cross-border e-commerce market will grow around a CAGR of 26%. Considering BABA's competitive position, my conservative outlook is that AIDC's revenue will also grow at a similar pace, around 25%.Similarly, I conservatively estimate that the revenue of Cainiao will grow in tandem with the growth of AIDC as Cainiao and AIDC expand their business hand in hand.CloudAs BABA's management mentioned in their remarks regarding the withdrawal of the IPO of the cloud division, the future of BABA's cloud division remains uncertain. Even if BABA maintains a leading position in the Chinese cloud market, challenges such as sluggish market growth and sanctions on semiconductors, especially AI chips, by the U.S. are damaging BABA's ambitions in the AI business.Nevertheless, even if BABA struggles to expand its cloud business, it is unlikely that BABA will lose its market share because customers have to face switching costs if they want to change to other service providers.Therefore, I conservatively project that the revenue of the Cloud division will grow at the rate of Chinese GDP growth, which is around 4%.Consolidation of Revenue ProjectionBased on the above projections and assuming that other segments will grow at the rate of Chinese GDP, BABA's revenue will grow at a CAGR of 10% for the next five years. Then, I assume that the growth rate will gradually decrease to the economic growth rate.DivisionGrowth rateCurrent portion12345Taobao and Tmall4%43.445.146.948.850.852.8AIDC25%10.913.617.021.326.633.3Cainiao25%10.212.815.919.924.931.1Cloud4%12.312.813.313.814.415.0Others4%23.224.125.126.127.128.2Total100108.4118.3130.0143.8160.4Annual growth8.4%9.1%9.9%10.7%11.5%CAGR10%Operating marginBABA's operating margin shrank during the pandemic due to decelerated revenue growth. However, the recent trend indicates a potential recovery in operating margin. I expect that BABA will be able to achieve a 17% operating margin in 5 years, driven by a gradual revenue increase and the monetization of AIDC.Other variablesRegarding other variables such as tax rate, reinvestment rate, cost of capital, and ROIC for terminal value, I applied the same assumptions that I used for measuring the temperature in the current stock price.Intrinsic ValuationBased on my estimation, the intrinsic value of BABA is $348 billion, equivalent to $137 per share.(in millions, except value per share)TTM12345678910TVRevenue$125$138$152$167$183$202$220$235$248$259$269Revenue growth10%10%10%10%10%9%7%6%5%4%4%Operating Income$18$21$24$27$30$34$37$40$42$44$46OP margin14.7%15.1%15.6%16.1%16.5%17.0%17.0%17.0%17.0%17.0%17.0%After-tax income$16$18$20$23$26$28$30$32$33$34$36Reinvestment$4$5$5$6$6$6$5$4$4$3FCFF$11$13$15$17$20$22$25$27$29$31PV_FCFF$10$11$11$12$12$12$13$13$12$12$137PV Total$256- Interest-bearing debt-$31+ Cash and Cash equivalent$79Non-operating asset$44Intrinsic Value$348Value per share$137RiskFirstly, my projection for the revenue growth of Taobao and Tmall is based on the assumption that the Chinese consumer sentiment will become positive. However, my scenario may not materialize because the decline in the prices of Chinese assets, such as housing and stock, could incur a more severe reverse wealth effect.Secondly, BABA may not be agile enough to respond to Temu's aggressive expansion into international business due to BABA's relatively larger size. And it may be too bureaucratic to change, as we can discern from Jack Ma's internal memo. In this case, my projection of AIDC's growth rate may not be achieved.ConclusionIt is human nature to extrapolate the future from the recent trends. While the stock price of BABA has been continuously falling, the expectation embedded in the current stock price is too excessive to be justified.In my view, BABA is worth around $137 in a conservative scenario. For those who believe that the stock market is a weighing machine in the long run and have the stomach to hold shares of Chinese stock, it could be a wonderful opportunity to seize a bargain.","news_type":1},"isVote":1,"tweetType":1,"viewCount":291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9026045211,"gmtCreate":1653306498233,"gmtModify":1676535256772,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a>llol","listText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a>llol","text":"$Apple(AAPL)$llol","images":[{"img":"https://community-static.tradeup.com/news/bdeda1e387fd268e5d7f3b1aac19ac33","width":"1080","height":"3273"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026045211","isVote":1,"tweetType":1,"viewCount":56,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9098354795,"gmtCreate":1644029804938,"gmtModify":1676533884230,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9098354795","repostId":"2209345239","repostType":2,"repost":{"id":"2209345239","kind":"news","pubTimestamp":1644016922,"share":"https://ttm.financial/m/news/2209345239?lang=&edition=fundamental","pubTime":"2022-02-05 07:22","market":"us","language":"en","title":"Apple Aims to Debut a New Low-Cost 5G iPhone and iPad in Early March","url":"https://stock-news.laohu8.com/highlight/detail?id=2209345239","media":"Bloomberg","summary":"Apple Inc. is targeting a date on or near March 8 to unveil a new low-cost iPhone and an updated iPad, according to people with knowledge of the matter, kicking off a potentially record-setting year f","content":"<html><head></head><body><p>Apple Inc. is targeting a date on or near March 8 to unveil a new low-cost iPhone and an updated iPad, according to people with knowledge of the matter, kicking off a potentially record-setting year for product launches.</p><p>The announcement will mark Apple’s first major event since a new MacBook Pro debuted in October. Like the company’s other recent launches, it’s expected to be an online presentation rather than in-person, said the people, who asked not to be identified because the deliberations are private.</p><p>Apple is coming off a holiday quarter that far exceeded Wall Street predictions, helping quell fears that supply-chain problems would hurt sales. Now the company is setting its sights higher for 2022. The March announcements -- along with the usual flood of product news expected later in 2022 -- suggest Apple will introduce its biggest crop of new devices ever in a single year.</p><p>Given that the planned timing is still more than a month away, the company’s plans may change in the face of production delays or other changes, the people said. An Apple spokeswoman declined to comment on the company’s plans.</p><p>The new phone will be the first update to the iPhone SE model in two years, adding 5G network capabilities, an improved camera and a faster processor. But the design itself is expected to be similar to the current version, which debuted in April 2020.</p><p>The new iPad, meanwhile, will be an update to the Air model that features a faster processor and 5G. The company is also planning a new Mac with Apple-designed chips, which could also come as early as March.</p><p>In addition to announcing new devices, the company is planning to release iOS 15.4 in the first half of March, the people said. The software update will add Face ID support for people wearing masks to iPhones and iPads, making it easier for users to unlock their devices. It also has new emojis and Universal Control, which lets customers use a single keyboard and trackpad across multiple iPads and Macs.</p><p>Following the March event, the company will likely hold its annual Worldwide Developers Conference in June to announce software updates for the iPhone, iPad, Mac and Apple Watch. It’s then expected to hold multiple keynote events in the fall to launch the iPhone 14 and new Macs.</p><p>The 2022 lineup is likely to include new iMac and Mac Pro desktops, a redesigned MacBook Air, an updated low-end MacBook Pro, three Apple Watches, four iPhone 14 models and new AirPods. The company is also planning new services, such as a feature that lets the iPhone accept payments with the tap of a credit card.</p><p>Apple is working on a high-end mixed reality headset as well, but that’s now more likely to be released in 2023. The company had aimed to announce the device as early as the end of 2022, but development challenges have delayed the timing, Bloomberg reported last month.</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>Apple Aims to Debut a New Low-Cost 5G iPhone and iPad in Early March</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\">\nApple Aims to Debut a New Low-Cost 5G iPhone and iPad in Early March\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-05 07:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/apple-aims-debut-low-cost-193822024.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple Inc. is targeting a date on or near March 8 to unveil a new low-cost iPhone and an updated iPad, according to people with knowledge of the matter, kicking off a potentially record-setting year ...</p>\n\n<a href=\"https://finance.yahoo.com/news/apple-aims-debut-low-cost-193822024.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4501":"段永平概念","BK4507":"流媒体概念","BK4505":"高瓴资本持仓","BK4534":"瑞士信贷持仓","BK4550":"红杉资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4559":"巴菲特持仓","BK4554":"元宇宙及AR概念","BK4566":"资本集团","BK4527":"明星科技股","BK4532":"文艺复兴科技持仓","BK4515":"5G概念","BK4553":"喜马拉雅资本持仓","NGD":"New Gold","BK4170":"电脑硬件、储存设备及电脑周边","BK4017":"黄金","AAPL":"苹果"},"source_url":"https://finance.yahoo.com/news/apple-aims-debut-low-cost-193822024.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2209345239","content_text":"Apple Inc. is targeting a date on or near March 8 to unveil a new low-cost iPhone and an updated iPad, according to people with knowledge of the matter, kicking off a potentially record-setting year for product launches.The announcement will mark Apple’s first major event since a new MacBook Pro debuted in October. Like the company’s other recent launches, it’s expected to be an online presentation rather than in-person, said the people, who asked not to be identified because the deliberations are private.Apple is coming off a holiday quarter that far exceeded Wall Street predictions, helping quell fears that supply-chain problems would hurt sales. Now the company is setting its sights higher for 2022. The March announcements -- along with the usual flood of product news expected later in 2022 -- suggest Apple will introduce its biggest crop of new devices ever in a single year.Given that the planned timing is still more than a month away, the company’s plans may change in the face of production delays or other changes, the people said. An Apple spokeswoman declined to comment on the company’s plans.The new phone will be the first update to the iPhone SE model in two years, adding 5G network capabilities, an improved camera and a faster processor. But the design itself is expected to be similar to the current version, which debuted in April 2020.The new iPad, meanwhile, will be an update to the Air model that features a faster processor and 5G. The company is also planning a new Mac with Apple-designed chips, which could also come as early as March.In addition to announcing new devices, the company is planning to release iOS 15.4 in the first half of March, the people said. The software update will add Face ID support for people wearing masks to iPhones and iPads, making it easier for users to unlock their devices. It also has new emojis and Universal Control, which lets customers use a single keyboard and trackpad across multiple iPads and Macs.Following the March event, the company will likely hold its annual Worldwide Developers Conference in June to announce software updates for the iPhone, iPad, Mac and Apple Watch. It’s then expected to hold multiple keynote events in the fall to launch the iPhone 14 and new Macs.The 2022 lineup is likely to include new iMac and Mac Pro desktops, a redesigned MacBook Air, an updated low-end MacBook Pro, three Apple Watches, four iPhone 14 models and new AirPods. The company is also planning new services, such as a feature that lets the iPhone accept payments with the tap of a credit card.Apple is working on a high-end mixed reality headset as well, but that’s now more likely to be released in 2023. The company had aimed to announce the device as early as the end of 2022, but development challenges have delayed the timing, Bloomberg reported last month.","news_type":1},"isVote":1,"tweetType":1,"viewCount":163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9008619928,"gmtCreate":1641430152791,"gmtModify":1676533614329,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":":(","listText":":(","text":":(","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008619928","repostId":"1143601056","repostType":4,"repost":{"id":"1143601056","kind":"news","pubTimestamp":1641427600,"share":"https://ttm.financial/m/news/1143601056?lang=&edition=fundamental","pubTime":"2022-01-06 08:06","market":"sg","language":"en","title":"Singapore Stock Market May Take Further Damage On Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1143601056","media":"RTTNews","summary":"The Singapore stock market on Wednesday snapped the two-day winning streak in which it had gathered almost 50 points or 1.6 percent. The Straits Times Index now sits just above the 3,160-point plateau","content":"<html><head></head><body><p>The Singapore stock market on Wednesday snapped the two-day winning streak in which it had gathered almost 50 points or 1.6 percent. The Straits Times Index now sits just above the 3,160-point plateau and it may extend its losses on Thursday.</p><p>The global forecast for the Asian markets is soft on concerns over the outlook for interest rates, especially among the tech shares. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead.</p><p>The STI finished modestly lower on Wednesday following losses from the financial shares and the industrial issues.</p><p>For the day, the index sank 17.69 points or 0.56 percent to finish at 3,163.44 after trading between 3,154.96 and 3,196.60. Volume was 1.3 billion shares worth 1.19 billion Singapore dollars. There were 305 decliners and 203 gainers.</p><p>Among the actives, Ascendas REIT slid 0.34 percent, while CapitaLand Integrated Commercial Trust plummeted 1.91 percent, City Developments was down 0.29 percent, Comfort DelGro dropped 0.71 percent, Dairy Farm International climbed 0.68 percent, DBS Group tanked 1.39 percent, Genting Singapore advanced 0.64 percent, Keppel Corp tumbled 1.35 percent, Mapletree Commercial Trust jumped 1.10 percent, Mapletree Logistics Trust lost 0.54 percent, Oversea-Chinese Banking Corporation declined 1.03 percent, SATS skidded 0.76 percent, SembCorp Industries plunged 1.46 percent, Singapore Airlines shed 0.59 percent, Singapore Exchange spiked 1.71 percent, Singapore Press Holdings rose 0.43 percent, Singapore Technologies Engineering fell 0.53 percent, SingTel retreated 0.85 percent, Thai Beverage surged 2.27 percent, United Overseas Bank eased 0.22 percent, Wilmar International added 0.47 percent and Yangzijiang Shipbuilding sank 0.74 percent.</p><p>The lead from Wall Street is broadly negative as the major averages opened flat on Wednesday and hugged the unchanged line for most of the session before plummeting after the release of the FOMC minutes.</p><p>The Dow tumbled 392.54 points or 1.07 percent to finish at 36,407.54, while the NASDAQ plummeted 522.54 points or 3.34 percent to close at 15,100.17 and the S&amp;P 500 tanked 92.96 points or 1.94 percent to end at 4,700.58.</p><p>The sell-off on Wall Street came as the Fed minutes seemed to have a more hawkish tone, raising concerns the central bank will be more aggressive than anticipated.</p><p>According to the minutes of the December 14-15 meeting, members of the Fed are preparing to begin reducing the size of the central bank&#39;s approximately $8.8 trillion balance sheet soon after raising interest rates.</p><p>Meanwhile, traders have largely shrugged off a report from payroll processor ADP showing much stronger than expected private sector job growth in the month of December.</p><p>Crude oil prices showed a notable advance Wednesday on optimism the Omicron variant of the coronavirus will not significantly impact global demand. West Texas Intermediate crude oil futures for February delivery jumped $0.86 or 1.1 percent to $77.85 a barrel.</p></body></html>","source":"lsy1626938412129","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>Singapore Stock Market May Take Further Damage On Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Stock Market May Take Further Damage On Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 08:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.rttnews.com/3253021/singapore-stock-market-may-take-further-damage-on-thursday.aspx?type=acom><strong>RTTNews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Singapore stock market on Wednesday snapped the two-day winning streak in which it had gathered almost 50 points or 1.6 percent. The Straits Times Index now sits just above the 3,160-point plateau...</p>\n\n<a href=\"https://www.rttnews.com/3253021/singapore-stock-market-may-take-further-damage-on-thursday.aspx?type=acom\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.rttnews.com/3253021/singapore-stock-market-may-take-further-damage-on-thursday.aspx?type=acom","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143601056","content_text":"The Singapore stock market on Wednesday snapped the two-day winning streak in which it had gathered almost 50 points or 1.6 percent. The Straits Times Index now sits just above the 3,160-point plateau and it may extend its losses on Thursday.The global forecast for the Asian markets is soft on concerns over the outlook for interest rates, especially among the tech shares. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead.The STI finished modestly lower on Wednesday following losses from the financial shares and the industrial issues.For the day, the index sank 17.69 points or 0.56 percent to finish at 3,163.44 after trading between 3,154.96 and 3,196.60. Volume was 1.3 billion shares worth 1.19 billion Singapore dollars. There were 305 decliners and 203 gainers.Among the actives, Ascendas REIT slid 0.34 percent, while CapitaLand Integrated Commercial Trust plummeted 1.91 percent, City Developments was down 0.29 percent, Comfort DelGro dropped 0.71 percent, Dairy Farm International climbed 0.68 percent, DBS Group tanked 1.39 percent, Genting Singapore advanced 0.64 percent, Keppel Corp tumbled 1.35 percent, Mapletree Commercial Trust jumped 1.10 percent, Mapletree Logistics Trust lost 0.54 percent, Oversea-Chinese Banking Corporation declined 1.03 percent, SATS skidded 0.76 percent, SembCorp Industries plunged 1.46 percent, Singapore Airlines shed 0.59 percent, Singapore Exchange spiked 1.71 percent, Singapore Press Holdings rose 0.43 percent, Singapore Technologies Engineering fell 0.53 percent, SingTel retreated 0.85 percent, Thai Beverage surged 2.27 percent, United Overseas Bank eased 0.22 percent, Wilmar International added 0.47 percent and Yangzijiang Shipbuilding sank 0.74 percent.The lead from Wall Street is broadly negative as the major averages opened flat on Wednesday and hugged the unchanged line for most of the session before plummeting after the release of the FOMC minutes.The Dow tumbled 392.54 points or 1.07 percent to finish at 36,407.54, while the NASDAQ plummeted 522.54 points or 3.34 percent to close at 15,100.17 and the S&P 500 tanked 92.96 points or 1.94 percent to end at 4,700.58.The sell-off on Wall Street came as the Fed minutes seemed to have a more hawkish tone, raising concerns the central bank will be more aggressive than anticipated.According to the minutes of the December 14-15 meeting, members of the Fed are preparing to begin reducing the size of the central bank's approximately $8.8 trillion balance sheet soon after raising interest rates.Meanwhile, traders have largely shrugged off a report from payroll processor ADP showing much stronger than expected private sector job growth in the month of December.Crude oil prices showed a notable advance Wednesday on optimism the Omicron variant of the coronavirus will not significantly impact global demand. West Texas Intermediate crude oil futures for February delivery jumped $0.86 or 1.1 percent to $77.85 a barrel.","news_type":1},"isVote":1,"tweetType":1,"viewCount":176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9958843571,"gmtCreate":1673701424293,"gmtModify":1676538876227,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9958843571","isVote":1,"tweetType":1,"viewCount":249,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9951270653,"gmtCreate":1673502230972,"gmtModify":1676538847346,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951270653","isVote":1,"tweetType":1,"viewCount":147,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9924410965,"gmtCreate":1672305710257,"gmtModify":1676538669264,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"Okk","listText":"Okk","text":"Okk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9924410965","isVote":1,"tweetType":1,"viewCount":66,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9922132024,"gmtCreate":1671713322469,"gmtModify":1676538580506,"author":{"id":"4102905095723380","authorId":"4102905095723380","name":"Kk Trader","avatar":"https://static.tigerbbs.com/9641be057b54956245f679d3f78bb396","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102905095723380","authorIdStr":"4102905095723380"},"themes":[],"htmlText":"G","listText":"G","text":"G","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9922132024","isVote":1,"tweetType":1,"viewCount":41,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}