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2022-07-16

Great info! Thanks

Financials Up as Citigroup Surges 13% on Earnings

2022-07-07

Thanks and good article!

Sorry, the original content has been removed

2022-06-02

$DiDi Global Inc.(DIDI)$[Facepalm]

2022-06-17

Nice!

Sorry, the original content has been removed

2022-05-02

It's a small fraction number compared with Tesla in china..

XPeng Delivered 9,002 Vehicles in April 2022, a 75% Increase Year-Over-Year

01-11

This is great news!

2022-05-18

Thanks for an informative article!

Sorry, the original content has been removed

2022-05-06

Can consider Amazon now that it has fallen so much too.

Sea Limited: The Astute Investor Buys When The Average Investor Sells

2022-03-16

Great!!

Hot Chinese ADRs Surged in Premarket Trading

2022-12-06

Ok

Go to Tiger App to see more news

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H","avatar":"https://static.tigerbbs.com/c37fca73fa55044a41a8b25e3d734bb2","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103588677873920","authorIdStr":"4103588677873920"},"themes":[],"htmlText":"This is great news!","listText":"This is great news!","text":"This is great news!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/261828988125400","isVote":1,"tweetType":1,"viewCount":554,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9967377382,"gmtCreate":1670281632046,"gmtModify":1676538334200,"author":{"id":"4103588677873920","authorId":"4103588677873920","name":"KL 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Thanks&nbsp;","listText":"Great info! Thanks&nbsp;","text":"Great info! Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9072091276","repostId":"2251466743","repostType":2,"isVote":1,"tweetType":1,"viewCount":431,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9079638291,"gmtCreate":1657186513513,"gmtModify":1676535965888,"author":{"id":"4103588677873920","authorId":"4103588677873920","name":"KL H","avatar":"https://static.tigerbbs.com/c37fca73fa55044a41a8b25e3d734bb2","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103588677873920","authorIdStr":"4103588677873920"},"themes":[],"htmlText":"Thanks and good article!","listText":"Thanks and good article!","text":"Thanks and good article!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9079638291","repostId":"2249459423","repostType":4,"repost":{"id":"2249459423","kind":"news","pubTimestamp":1657208203,"share":"https://ttm.financial/m/news/2249459423?lang=&edition=fundamental","pubTime":"2022-07-07 23:36","market":"us","language":"en","title":"Is Nvidia Really A Bargain Or Is There More Pain Ahead?","url":"https://stock-news.laohu8.com/highlight/detail?id=2249459423","media":"Seeking Alpha","summary":"SummaryNvidia lost nearly 35% of its value in a matter of months, when the broader market fell by le","content":"<html><head></head><body><p>Summary</p><ul><li>Nvidia lost nearly 35% of its value in a matter of months, when the broader market fell by less than 15% during the same period.</li><li>Although this dynamic is counterintuitive to Nvidia&#39;s improving business fundamentals, there is a solid reason for it.</li><li>Unfortunately for shareholders who bought at the highs, the company&#39;s share price might not recover to its 2021 highs anytime soon.</li></ul><p>About ten months ago I took a deep dive into <a href=\"https://laohu8.com/S/NVDA\">NVIDIA&#39;s</a> share price and laid out my thesis on why investors should be less concerned about the company&#39;s business fundamentals and laser focused on its momentum exposure.</p><p>Although thismight sound counterintuitive, since sooner or later fundamentals matter, Nvidia is still at the mercy of factors that have little to do with the company&#39;s actual performance. That is why, since September of last year, the company lost nearly 35% of its value, while at the same time the S&amp;P 500 fell by slightly less than 15%.</p><p><img src=\"https://static.tigerbbs.com/fdb65cce970f34d2aeacdfd2b31ac71d\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Such a large drop relative to the broader market was disappointing even when adjusting for Nvidia&#39;s high beta of 1.6. Contrary to this abysmal share price performance, however, the company continued to grow its quarterly sales numbers at a nearly 50% rate.</p><p><img src=\"https://static.tigerbbs.com/39e15815bfc09727371b477bf89f4a94\" tg-width=\"640\" tg-height=\"264\" referrerpolicy=\"no-referrer\"/>Not only that, but both gross and operating margins continued to improve over the past few quarters since I covered the company.</p><p><img src=\"https://static.tigerbbs.com/89db1405a7e4c9d299b65404553554a0\" tg-width=\"640\" tg-height=\"262\" referrerpolicy=\"no-referrer\"/>A somehow slowing topline growth rate could be partially to blame, however, Nvidia&#39;s revenue forward growth rate is not very different now from what it was back in September of 2021.</p><p><img src=\"https://static.tigerbbs.com/603bf1b08117128bd80fd3deae02c63f\" tg-width=\"640\" tg-height=\"265\" referrerpolicy=\"no-referrer\"/>As a matter of fact, AMD (AMD) forward revenue growth rate is much higher now than it was back then and yet the company&#39;s share price performed remarkably similar to that of Nvidia, thus also significantly underperforming the S&amp;P 500 even on a risk adjusted basis.</p><p><img src=\"https://static.tigerbbs.com/feae396374468950c5e366af1e28a850\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/></p><h3>So what happened?</h3><p>To put it briefly, the risk that I highlighted in September materialized. Although I will not go into the details again in this article, I will highlight that momentum exposure of Nvidia combined with the monetary tightening (or at least the expectations of it) were the main factors for the company&#39;s poor performance during the past 10-month period.</p><p>I also explained how the whole process works in my thought piece called &#39;The Cloud Space In Numbers: What Matters The Most&#39;, where I did a case study based on another high-growth sector.</p><p>Monetary tightening has a profound impact on high duration stocks and unfortunately, Nvidia is still one of the most heavily exposed companies to rising interest rates in the semiconductor space.</p><p><img src=\"https://static.tigerbbs.com/06f73d8185b657e7c3045f0fdd9e39e1\" tg-width=\"640\" tg-height=\"290\" referrerpolicy=\"no-referrer\"/>Even though the relationship between forward revenue growth rate and forward P/E ratios has weakened significantly since September of last year, the flattening of the slope of the trend line above was what caused the companies at the top right-hand corner to perform so poorly even as their business fundamentals improved.</p><p>One of the reasons why Nvidia is still so far above the trend line above, is that in addition to its industry-leading growth rate, it also has one of the highest margins within the broader semiconductors peer group. The premium pricing of Nvidia&#39;s GPUs also sets it apart from AMD, which is valued at much lower multiples.</p><h3>Is Nvidia stock a bargain?</h3><p>Nvidia is arguably one of the highest quality semiconductor companies, with enormous growth opportunities in data centers and the automotive sector. However, it now trades at more than twice the industry average forward P/E ratio.</p><p><img src=\"https://static.tigerbbs.com/7856a9f7e7b2dace82df33f3ec1bfc4e\" tg-width=\"640\" tg-height=\"263\" referrerpolicy=\"no-referrer\"/>Moreover, recent developments in the GPU market, resulted in never before seen premiums for Nvidia&#39;s products on the back of robust demand from consumers, data centers and cryptocurrency miners. All that propelled margins to levels far above its historical results and the sector median estimates.</p><p><img src=\"https://static.tigerbbs.com/4ed63ee078dc5e43574939faba9caa43\" tg-width=\"494\" tg-height=\"188\" referrerpolicy=\"no-referrer\"/>This, however, does not mean that Nvidia is suddenly a bargain, simply because a high growth and highly profitable company is trading at forward Non-GAAP P/E ratio of below 30x.</p><p>The main reason why the absolute value of its forward P/E ratio could be misleading is that the semiconductor industry is highly cyclical. Therefore, during cycle peaks, P/E ratios tend to be low due to high profits and share prices reflecting the risk of slower future sales growth.</p><p>Although, the recent push towards digitalization has somehow dispelled the risk of semiconductors being cyclical, the industry remains closely related to the business cycle (see below).</p><p><img src=\"https://static.tigerbbs.com/0dd24b3cbc9dfbd04a89a8c6cdb27818\" tg-width=\"640\" tg-height=\"265\" referrerpolicy=\"no-referrer\"/>More importantly for Nvidia&#39;s share price, however, is the fact that it still exhibits high correlation with the MTUM less VLUE index - an index that takes a long position in iShares Edge MSCI USA Momentum Factor ETF (MTUM) and a short position in iShares Edge MSCI USA Value Factor ETF (VLUE).</p><p><img src=\"https://static.tigerbbs.com/e8d575869822d2149a84ac8caea4fcf5\" tg-width=\"640\" tg-height=\"262\" referrerpolicy=\"no-referrer\"/>As a result, Nvidia&#39;s share price will continue to be highly sensitive to the momentum trade and more specifically to the overall liquidity in the equity market. Having said that, should the current monetary tightening cycle continue, Nvidia will likely continue to underperform even in the case of the company&#39;s fundamentals remaining strong.</p><p>On the contrary, should the Federal Reserve reverse course and embark on yet another monetary loosening journey, then Nvidia could potentially return to its 2021&#39;s highs. Although such a scenario should not be ruled out, it remains highly uncertain. Moreover, if it does not occur, then it will take many years before Nvidia returns to its all-time highs, all that provided that the company retains its industry leadership.</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>Is Nvidia Really A Bargain Or Is There More Pain Ahead?</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\">\nIs Nvidia Really A Bargain Or Is There More Pain Ahead?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-07 23:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4521864-is-nvidia-bargain-or-is-there-pain-ahead><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryNvidia lost nearly 35% of its value in a matter of months, when the broader market fell by less than 15% during the same period.Although this dynamic is counterintuitive to Nvidia's improving ...</p>\n\n<a href=\"https://seekingalpha.com/article/4521864-is-nvidia-bargain-or-is-there-pain-ahead\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://seekingalpha.com/article/4521864-is-nvidia-bargain-or-is-there-pain-ahead","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2249459423","content_text":"SummaryNvidia lost nearly 35% of its value in a matter of months, when the broader market fell by less than 15% during the same period.Although this dynamic is counterintuitive to Nvidia's improving business fundamentals, there is a solid reason for it.Unfortunately for shareholders who bought at the highs, the company's share price might not recover to its 2021 highs anytime soon.About ten months ago I took a deep dive into NVIDIA's share price and laid out my thesis on why investors should be less concerned about the company's business fundamentals and laser focused on its momentum exposure.Although thismight sound counterintuitive, since sooner or later fundamentals matter, Nvidia is still at the mercy of factors that have little to do with the company's actual performance. That is why, since September of last year, the company lost nearly 35% of its value, while at the same time the S&P 500 fell by slightly less than 15%.Such a large drop relative to the broader market was disappointing even when adjusting for Nvidia's high beta of 1.6. Contrary to this abysmal share price performance, however, the company continued to grow its quarterly sales numbers at a nearly 50% rate.Not only that, but both gross and operating margins continued to improve over the past few quarters since I covered the company.A somehow slowing topline growth rate could be partially to blame, however, Nvidia's revenue forward growth rate is not very different now from what it was back in September of 2021.As a matter of fact, AMD (AMD) forward revenue growth rate is much higher now than it was back then and yet the company's share price performed remarkably similar to that of Nvidia, thus also significantly underperforming the S&P 500 even on a risk adjusted basis.So what happened?To put it briefly, the risk that I highlighted in September materialized. Although I will not go into the details again in this article, I will highlight that momentum exposure of Nvidia combined with the monetary tightening (or at least the expectations of it) were the main factors for the company's poor performance during the past 10-month period.I also explained how the whole process works in my thought piece called 'The Cloud Space In Numbers: What Matters The Most', where I did a case study based on another high-growth sector.Monetary tightening has a profound impact on high duration stocks and unfortunately, Nvidia is still one of the most heavily exposed companies to rising interest rates in the semiconductor space.Even though the relationship between forward revenue growth rate and forward P/E ratios has weakened significantly since September of last year, the flattening of the slope of the trend line above was what caused the companies at the top right-hand corner to perform so poorly even as their business fundamentals improved.One of the reasons why Nvidia is still so far above the trend line above, is that in addition to its industry-leading growth rate, it also has one of the highest margins within the broader semiconductors peer group. The premium pricing of Nvidia's GPUs also sets it apart from AMD, which is valued at much lower multiples.Is Nvidia stock a bargain?Nvidia is arguably one of the highest quality semiconductor companies, with enormous growth opportunities in data centers and the automotive sector. However, it now trades at more than twice the industry average forward P/E ratio.Moreover, recent developments in the GPU market, resulted in never before seen premiums for Nvidia's products on the back of robust demand from consumers, data centers and cryptocurrency miners. All that propelled margins to levels far above its historical results and the sector median estimates.This, however, does not mean that Nvidia is suddenly a bargain, simply because a high growth and highly profitable company is trading at forward Non-GAAP P/E ratio of below 30x.The main reason why the absolute value of its forward P/E ratio could be misleading is that the semiconductor industry is highly cyclical. Therefore, during cycle peaks, P/E ratios tend to be low due to high profits and share prices reflecting the risk of slower future sales growth.Although, the recent push towards digitalization has somehow dispelled the risk of semiconductors being cyclical, the industry remains closely related to the business cycle (see below).More importantly for Nvidia's share price, however, is the fact that it still exhibits high correlation with the MTUM less VLUE index - an index that takes a long position in iShares Edge MSCI USA Momentum Factor ETF (MTUM) and a short position in iShares Edge MSCI USA Value Factor ETF (VLUE).As a result, Nvidia's share price will continue to be highly sensitive to the momentum trade and more specifically to the overall liquidity in the equity market. Having said that, should the current monetary tightening cycle continue, Nvidia will likely continue to underperform even in the case of the company's fundamentals remaining strong.On the contrary, should the Federal Reserve reverse course and embark on yet another monetary loosening journey, then Nvidia could potentially return to its 2021's highs. Although such a scenario should not be ruled out, it remains highly uncertain. Moreover, if it does not occur, then it will take many years before Nvidia returns to its all-time highs, all that provided that the company retains its industry leadership.","news_type":1},"isVote":1,"tweetType":1,"viewCount":916,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9057330803,"gmtCreate":1655462128803,"gmtModify":1676535644471,"author":{"id":"4103588677873920","authorId":"4103588677873920","name":"KL H","avatar":"https://static.tigerbbs.com/c37fca73fa55044a41a8b25e3d734bb2","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103588677873920","authorIdStr":"4103588677873920"},"themes":[],"htmlText":"Nice!","listText":"Nice!","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9057330803","repostId":"1115493440","repostType":2,"repost":{"id":"1115493440","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":1655463193,"share":"https://ttm.financial/m/news/1115493440?lang=&edition=fundamental","pubTime":"2022-06-17 18:53","market":"us","language":"en","title":"China's Central Bank Accepts Ant's Application for Financial Holding Company- Sources","url":"https://stock-news.laohu8.com/highlight/detail?id=1115493440","media":"Reuters","summary":"HONG KONG, June 17 (Reuters) - China's central bank has accepted Ant Group's application to set up a","content":"<html><head></head><body><p>HONG KONG, June 17 (Reuters) - China&#39;s central bank has accepted Ant Group&#39;s application to set up a financial holding company, three people with knowledge of the matter said, a key step in finishing a year-long revamp of Jack Ma&#39;s fintech business and reviving its stock market debut.</p><p>Ant and the PBOC did not respond to Reuters requests for comment on Friday.</p><p>Although Ant has been working with financial regulators for months on a broad revamp, the central bank&#39;s agreeing to review the application signals the company could get its long-awaited license soon, said the sources, who asked not to be named due to confidentiality constraints.</p><p>Chinese authorities abruptly pulled the plug on Ant&#39;s IPO, set to raise $37 billion in the world&#39;s biggest listing, in November 2020, soon after tech billionaire founder Ma gave a speech accusing financial watchdogs of stifling innovation.</p><p>The authorities put Ant, whose businesses span payment processing, consumer lending to insurance products distribution, under the revamp.</p><p>As part of that overhaul, the PBOC in December 2020 told Reuters in a statement that Ant was drafting a plan to set up a financial holding firm and that Ant should ensure that all its financial operations were placed under regulatory supervision.</p><p>Ant had been valued as a tech firm for its IPO, but the forced change to a financial holding company will make it subject to capital requirements and regulations similar to those for banks.</p><p>Alibaba shares jumped 10% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/2d4986c984e7ac126d100948bc8eeb7c\" tg-width=\"872\" tg-height=\"620\" width=\"100%\" height=\"auto\"/></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>China's Central Bank Accepts Ant's Application for Financial Holding Company- Sources</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Central Bank Accepts Ant's Application for Financial Holding Company- Sources\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\">2022-06-17 18:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>HONG KONG, June 17 (Reuters) - China&#39;s central bank has accepted Ant Group&#39;s application to set up a financial holding company, three people with knowledge of the matter said, a key step in finishing a year-long revamp of Jack Ma&#39;s fintech business and reviving its stock market debut.</p><p>Ant and the PBOC did not respond to Reuters requests for comment on Friday.</p><p>Although Ant has been working with financial regulators for months on a broad revamp, the central bank&#39;s agreeing to review the application signals the company could get its long-awaited license soon, said the sources, who asked not to be named due to confidentiality constraints.</p><p>Chinese authorities abruptly pulled the plug on Ant&#39;s IPO, set to raise $37 billion in the world&#39;s biggest listing, in November 2020, soon after tech billionaire founder Ma gave a speech accusing financial watchdogs of stifling innovation.</p><p>The authorities put Ant, whose businesses span payment processing, consumer lending to insurance products distribution, under the revamp.</p><p>As part of that overhaul, the PBOC in December 2020 told Reuters in a statement that Ant was drafting a plan to set up a financial holding firm and that Ant should ensure that all its financial operations were placed under regulatory supervision.</p><p>Ant had been valued as a tech firm for its IPO, but the forced change to a financial holding company will make it subject to capital requirements and regulations similar to those for banks.</p><p>Alibaba shares jumped 10% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/2d4986c984e7ac126d100948bc8eeb7c\" tg-width=\"872\" tg-height=\"620\" width=\"100%\" height=\"auto\"/></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":"1115493440","content_text":"HONG KONG, June 17 (Reuters) - China's central bank has accepted Ant Group's application to set up a financial holding company, three people with knowledge of the matter said, a key step in finishing a year-long revamp of Jack Ma's fintech business and reviving its stock market debut.Ant and the PBOC did not respond to Reuters requests for comment on Friday.Although Ant has been working with financial regulators for months on a broad revamp, the central bank's agreeing to review the application signals the company could get its long-awaited license soon, said the sources, who asked not to be named due to confidentiality constraints.Chinese authorities abruptly pulled the plug on Ant's IPO, set to raise $37 billion in the world's biggest listing, in November 2020, soon after tech billionaire founder Ma gave a speech accusing financial watchdogs of stifling innovation.The authorities put Ant, whose businesses span payment processing, consumer lending to insurance products distribution, under the revamp.As part of that overhaul, the PBOC in December 2020 told Reuters in a statement that Ant was drafting a plan to set up a financial holding firm and that Ant should ensure that all its financial operations were placed under regulatory supervision.Ant had been valued as a tech firm for its IPO, but the forced change to a financial holding company will make it subject to capital requirements and regulations similar to those for banks.Alibaba shares jumped 10% in premarket trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9050851549,"gmtCreate":1654174019481,"gmtModify":1676535406574,"author":{"id":"4103588677873920","authorId":"4103588677873920","name":"KL H","avatar":"https://static.tigerbbs.com/c37fca73fa55044a41a8b25e3d734bb2","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103588677873920","authorIdStr":"4103588677873920"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/DIDI\">$DiDi Global Inc.(DIDI)$</a>[Facepalm]&nbsp;","listText":"<a href=\"https://ttm.financial/S/DIDI\">$DiDi Global Inc.(DIDI)$</a>[Facepalm]&nbsp;","text":"$DiDi Global Inc.(DIDI)$[Facepalm]","images":[{"img":"https://community-static.tradeup.com/news/5992425701599098f5657a8d32fa9668","width":"1125","height":"2196"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9050851549","isVote":1,"tweetType":1,"viewCount":791,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9023388081,"gmtCreate":1652867031043,"gmtModify":1676535177428,"author":{"id":"4103588677873920","authorId":"4103588677873920","name":"KL H","avatar":"https://static.tigerbbs.com/c37fca73fa55044a41a8b25e3d734bb2","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103588677873920","authorIdStr":"4103588677873920"},"themes":[],"htmlText":"Thanks for an informative article!","listText":"Thanks for an informative article!","text":"Thanks for an informative article!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023388081","repostId":"1186845671","repostType":2,"repost":{"id":"1186845671","kind":"news","pubTimestamp":1652865870,"share":"https://ttm.financial/m/news/1186845671?lang=&edition=fundamental","pubTime":"2022-05-18 17:24","market":"us","language":"en","title":"Nvidia's Declines May Be Far From Over","url":"https://stock-news.laohu8.com/highlight/detail?id=1186845671","media":"Seeking Alpha","summary":"SummaryNvidia's stock has been following a very similar path to Cisco in the year 2000.The path laid","content":"<html><head></head><body><p>Summary</p><ul><li>Nvidia&#39;s stock has been following a very similar path to Cisco in the year 2000.</li><li>The path laid out by Cisco more than 20 years ago may be sending us a message about what is in store for Nvidia down the road.</li><li>That message may have a lot to do with Nvidia&#39;s future fundamental outlook.</li></ul><p>About a month ago, I noted that Nvidia&#39;s (NASDAQ:NVDA)stock was likely to take a very profound turn for the worse. Since then, the shares have plunged dramatically and lost nearly a quarter of their value. If the analog mentioned in that story comparing Nvidia&#39;s technical path to Cisco&#39;s (CSCO) in the year 2000 continues to play out, then Nvidia&#39;s stock still has much further to fall.</p><p>I&#39;m not here to say that Nvidia will continue to follow Cisco&#39;s footsteps. Nvidia trades of its own free will, and Nvidia&#39;s path could change at any point, breaking the pattern and changing its course. But that analog could help to explain why the stock is falling and why Nvidia looks so cheap compared to its historical trends.</p><p>I first pointed out the relationship between Cisco and Nvidia in December. At that point, Nvidia&#39;s stock was rising at a healthy pace. But it took a profound turn for the worse at the start of 2022, and now Nvidia&#39;s stock finds itself on the other side of the apex.</p><p>The pattern has shifted some, with Nvidia now falling faster than Cisco in 2000. So perhaps the analog has already diverted, but not by enough to suggest that the relationship has changed significantly.</p><p><img src=\"https://static.tigerbbs.com/8d31b7830bf657a973cada0c0dca51ec\" tg-width=\"640\" tg-height=\"301\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Bloomberg</p><p>Many people may look at this chart and think that it implies Nvidia could decline back to $80 or $90. I&#39;m not here to say whether it will or won&#39;t, but it could. It might seem completely unreasonable and impossible to imagine because Nvidia of today has nothing in common with Cisco. But one needs to remember that in 2000, Cisco was a rapidly-growing company and seemed bound to come out as a winner for years due to its strong positioning as a key provider in building out the Internet.</p><p>The problem for Cisco&#39;s stock in 2000 was that price led estimates, so every time Cisco stock fell, it looked cheap on a PE ratio basis, only for earnings estimates to be cut, making it no longer cheap. The stock price peaked a lot earlier than earnings estimates. The price can lead to declining earnings estimates during an earnings downgrade cycle as investors anticipate those estimates cuts.</p><p><img src=\"https://static.tigerbbs.com/c2a0ccaa2fe8824d44792935a777b3f7\" tg-width=\"640\" tg-height=\"332\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Bloomberg</p><p>Now that has yet to happen for Nvidia, with earnings estimates for this year still holding pretty steady, but like Cisco, two things are currently happening to Nvidia. Multiple compression and a strong possibility that price is leading potential changes to future earnings estimates.</p><p><img src=\"https://static.tigerbbs.com/6456662afe33c1a767dc4131e0bc76c1\" tg-width=\"640\" tg-height=\"332\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Bloomberg</p><p>Currently, the PE ratio for Nvidia has fallen sharply to 31.6. Based on historical trends and from where this stock is coming, that would seem to be a cheap PE. But if those earnings estimates start to decline, the stock may not be as affordable as it looks, which is presently the most significant risk for a stock like Nvidia.</p><p><img src=\"https://static.tigerbbs.com/0e5c20843f8b76e4ca737c575d4c024a\" tg-width=\"640\" tg-height=\"332\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Bloomberg</p><p>So while it seems improbable for the stock to continue to drop or see the significant declines that Cisco saw in 2000, it may be possible. If earnings for this fiscal year fell by 10% to $5.11 from current estimates of $5.68, the stock would trade for 35.2 times earnings, nearly 4 points higher than its current PE, which would mean the stock price would have to fall to $161 to get the price back to 31.6 times earnings.</p><p>Clearly, given the steep decline from its highs, there may be more than just multiple compression. It could very well be the case that the market&#39;s anticipating changes in future earnings estimates and suggesting the stock is not as cheap as it looks and that the potential for further losses exists. Not because of the analog with Cisco, but because the market is anticipating a decline in future earnings estimates for the company, just like the market did for Cisco 20 years ago.</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>Nvidia's Declines May Be Far From Over</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\">\nNvidia's Declines May Be Far From Over\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-18 17:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4512623-nvidias-declines-may-be-far-from-over><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryNvidia's stock has been following a very similar path to Cisco in the year 2000.The path laid out by Cisco more than 20 years ago may be sending us a message about what is in store for Nvidia ...</p>\n\n<a href=\"https://seekingalpha.com/article/4512623-nvidias-declines-may-be-far-from-over\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://seekingalpha.com/article/4512623-nvidias-declines-may-be-far-from-over","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186845671","content_text":"SummaryNvidia's stock has been following a very similar path to Cisco in the year 2000.The path laid out by Cisco more than 20 years ago may be sending us a message about what is in store for Nvidia down the road.That message may have a lot to do with Nvidia's future fundamental outlook.About a month ago, I noted that Nvidia's (NASDAQ:NVDA)stock was likely to take a very profound turn for the worse. Since then, the shares have plunged dramatically and lost nearly a quarter of their value. If the analog mentioned in that story comparing Nvidia's technical path to Cisco's (CSCO) in the year 2000 continues to play out, then Nvidia's stock still has much further to fall.I'm not here to say that Nvidia will continue to follow Cisco's footsteps. Nvidia trades of its own free will, and Nvidia's path could change at any point, breaking the pattern and changing its course. But that analog could help to explain why the stock is falling and why Nvidia looks so cheap compared to its historical trends.I first pointed out the relationship between Cisco and Nvidia in December. At that point, Nvidia's stock was rising at a healthy pace. But it took a profound turn for the worse at the start of 2022, and now Nvidia's stock finds itself on the other side of the apex.The pattern has shifted some, with Nvidia now falling faster than Cisco in 2000. So perhaps the analog has already diverted, but not by enough to suggest that the relationship has changed significantly.BloombergMany people may look at this chart and think that it implies Nvidia could decline back to $80 or $90. I'm not here to say whether it will or won't, but it could. It might seem completely unreasonable and impossible to imagine because Nvidia of today has nothing in common with Cisco. But one needs to remember that in 2000, Cisco was a rapidly-growing company and seemed bound to come out as a winner for years due to its strong positioning as a key provider in building out the Internet.The problem for Cisco's stock in 2000 was that price led estimates, so every time Cisco stock fell, it looked cheap on a PE ratio basis, only for earnings estimates to be cut, making it no longer cheap. The stock price peaked a lot earlier than earnings estimates. The price can lead to declining earnings estimates during an earnings downgrade cycle as investors anticipate those estimates cuts.BloombergNow that has yet to happen for Nvidia, with earnings estimates for this year still holding pretty steady, but like Cisco, two things are currently happening to Nvidia. Multiple compression and a strong possibility that price is leading potential changes to future earnings estimates.BloombergCurrently, the PE ratio for Nvidia has fallen sharply to 31.6. Based on historical trends and from where this stock is coming, that would seem to be a cheap PE. But if those earnings estimates start to decline, the stock may not be as affordable as it looks, which is presently the most significant risk for a stock like Nvidia.BloombergSo while it seems improbable for the stock to continue to drop or see the significant declines that Cisco saw in 2000, it may be possible. If earnings for this fiscal year fell by 10% to $5.11 from current estimates of $5.68, the stock would trade for 35.2 times earnings, nearly 4 points higher than its current PE, which would mean the stock price would have to fall to $161 to get the price back to 31.6 times earnings.Clearly, given the steep decline from its highs, there may be more than just multiple compression. It could very well be the case that the market's anticipating changes in future earnings estimates and suggesting the stock is not as cheap as it looks and that the potential for further losses exists. Not because of the analog with Cisco, but because the market is anticipating a decline in future earnings estimates for the company, just like the market did for Cisco 20 years ago.","news_type":1},"isVote":1,"tweetType":1,"viewCount":731,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9066032946,"gmtCreate":1651817246785,"gmtModify":1676534977444,"author":{"id":"4103588677873920","authorId":"4103588677873920","name":"KL H","avatar":"https://static.tigerbbs.com/c37fca73fa55044a41a8b25e3d734bb2","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103588677873920","authorIdStr":"4103588677873920"},"themes":[],"htmlText":"Can consider Amazon now that it has fallen so much too.&nbsp;","listText":"Can consider Amazon now that it has fallen so much too.&nbsp;","text":"Can consider Amazon now that it has fallen so much too.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9066032946","repostId":"2233184399","repostType":2,"isVote":1,"tweetType":1,"viewCount":564,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9063146160,"gmtCreate":1651448232306,"gmtModify":1676534905885,"author":{"id":"4103588677873920","authorId":"4103588677873920","name":"KL H","avatar":"https://static.tigerbbs.com/c37fca73fa55044a41a8b25e3d734bb2","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103588677873920","authorIdStr":"4103588677873920"},"themes":[],"htmlText":"It's a small fraction number compared with Tesla in china..","listText":"It's a small fraction number compared with Tesla in china..","text":"It's a small fraction number compared with Tesla in china..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9063146160","repostId":"2232303784","repostType":4,"isVote":1,"tweetType":1,"viewCount":604,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9032483015,"gmtCreate":1647423116255,"gmtModify":1676534227996,"author":{"id":"4103588677873920","authorId":"4103588677873920","name":"KL H","avatar":"https://static.tigerbbs.com/c37fca73fa55044a41a8b25e3d734bb2","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103588677873920","authorIdStr":"4103588677873920"},"themes":[],"htmlText":"Great!!","listText":"Great!!","text":"Great!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032483015","repostId":"1177649534","repostType":2,"isVote":1,"tweetType":1,"viewCount":412,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9072091276,"gmtCreate":1657929041395,"gmtModify":1676536081975,"author":{"id":"4103588677873920","authorId":"4103588677873920","name":"KL H","avatar":"https://static.tigerbbs.com/c37fca73fa55044a41a8b25e3d734bb2","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103588677873920","authorIdStr":"4103588677873920"},"themes":[],"htmlText":"Great info! Thanks&nbsp;","listText":"Great info! Thanks&nbsp;","text":"Great info! Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9072091276","repostId":"2251466743","repostType":2,"repost":{"id":"2251466743","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":1657927529,"share":"https://ttm.financial/m/news/2251466743?lang=&edition=fundamental","pubTime":"2022-07-16 07:25","market":"us","language":"en","title":"Financials Up as Citigroup Surges 13% on Earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=2251466743","media":"Dow Jones","summary":"Shares of banks and other financial institutions rose as earnings from some major banks were not as ","content":"<html><head></head><body><p>Shares of banks and other financial institutions rose as earnings from some major banks were not as bad as feared.</p><p>Shares of Citigroup rose by more than 13%, cutting losses for the year to date by one third, after the global bank reported a jump in demand for financial services from companies trying to position themselves for rising interest rates.</p><p>Wells Fargo shares rose despite reporting a 48% drop in second-quarter profit, hurt by a slowdown in mortgage lending and a decline in the value of equity investments.</p><p>The world&#39;s largest money manager by assets, BlackRock, said its second-quarter profit fell 22% as a bruising stock-market downturn hurt portfolio values and spurred withdrawals. Shares of BlackRock rose in tune with the broad stock market Friday.</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>Financials Up as Citigroup Surges 13% on 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\">\nFinancials Up as Citigroup Surges 13% on Earnings\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\">2022-07-16 07:25</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Shares of banks and other financial institutions rose as earnings from some major banks were not as bad as feared.</p><p>Shares of Citigroup rose by more than 13%, cutting losses for the year to date by one third, after the global bank reported a jump in demand for financial services from companies trying to position themselves for rising interest rates.</p><p>Wells Fargo shares rose despite reporting a 48% drop in second-quarter profit, hurt by a slowdown in mortgage lending and a decline in the value of equity investments.</p><p>The world&#39;s largest money manager by assets, BlackRock, said its second-quarter profit fell 22% as a bruising stock-market downturn hurt portfolio values and spurred withdrawals. Shares of BlackRock rose in tune with the broad stock market Friday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C":"花旗"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2251466743","content_text":"Shares of banks and other financial institutions rose as earnings from some major banks were not as bad as feared.Shares of Citigroup rose by more than 13%, cutting losses for the year to date by one third, after the global bank reported a jump in demand for financial services from companies trying to position themselves for rising interest rates.Wells Fargo shares rose despite reporting a 48% drop in second-quarter profit, hurt by a slowdown in mortgage lending and a decline in the value of equity investments.The world's largest money manager by assets, BlackRock, said its second-quarter profit fell 22% as a bruising stock-market downturn hurt portfolio values and spurred withdrawals. Shares of BlackRock rose in tune with the broad stock market Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":431,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9079638291,"gmtCreate":1657186513513,"gmtModify":1676535965888,"author":{"id":"4103588677873920","authorId":"4103588677873920","name":"KL H","avatar":"https://static.tigerbbs.com/c37fca73fa55044a41a8b25e3d734bb2","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103588677873920","authorIdStr":"4103588677873920"},"themes":[],"htmlText":"Thanks and good article!","listText":"Thanks and good article!","text":"Thanks and good article!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9079638291","repostId":"2249459423","repostType":4,"isVote":1,"tweetType":1,"viewCount":916,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9050851549,"gmtCreate":1654174019481,"gmtModify":1676535406574,"author":{"id":"4103588677873920","authorId":"4103588677873920","name":"KL H","avatar":"https://static.tigerbbs.com/c37fca73fa55044a41a8b25e3d734bb2","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103588677873920","authorIdStr":"4103588677873920"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/DIDI\">$DiDi Global Inc.(DIDI)$</a>[Facepalm]&nbsp;","listText":"<a href=\"https://ttm.financial/S/DIDI\">$DiDi Global Inc.(DIDI)$</a>[Facepalm]&nbsp;","text":"$DiDi Global Inc.(DIDI)$[Facepalm]","images":[{"img":"https://community-static.tradeup.com/news/5992425701599098f5657a8d32fa9668","width":"1125","height":"2196"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9050851549","isVote":1,"tweetType":1,"viewCount":791,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9057330803,"gmtCreate":1655462128803,"gmtModify":1676535644471,"author":{"id":"4103588677873920","authorId":"4103588677873920","name":"KL H","avatar":"https://static.tigerbbs.com/c37fca73fa55044a41a8b25e3d734bb2","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103588677873920","authorIdStr":"4103588677873920"},"themes":[],"htmlText":"Nice!","listText":"Nice!","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9057330803","repostId":"1115493440","repostType":2,"isVote":1,"tweetType":1,"viewCount":401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9063146160,"gmtCreate":1651448232306,"gmtModify":1676534905885,"author":{"id":"4103588677873920","authorId":"4103588677873920","name":"KL H","avatar":"https://static.tigerbbs.com/c37fca73fa55044a41a8b25e3d734bb2","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103588677873920","authorIdStr":"4103588677873920"},"themes":[],"htmlText":"It's a small fraction number compared with Tesla in china..","listText":"It's a small fraction number compared with Tesla in china..","text":"It's a small fraction number compared with Tesla in china..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9063146160","repostId":"2232303784","repostType":4,"repost":{"id":"2232303784","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":1651395600,"share":"https://ttm.financial/m/news/2232303784?lang=&edition=fundamental","pubTime":"2022-05-01 17:00","market":"us","language":"en","title":"XPeng Delivered 9,002 Vehicles in April 2022, a 75% Increase Year-Over-Year","url":"https://stock-news.laohu8.com/highlight/detail?id=2232303784","media":"Tiger Newspress","summary":"9,002 vehicles delivered in April 2022, a 75% increase year-over-yearXPeng Inc. , a leading Chinese ","content":"<html><head></head><body><ul><li><i>9,002 vehicles delivered in April 2022, a 75% increase year-over-year</i></li></ul><p><a href=\"https://laohu8.com/S/XPEV\">XPeng Inc. </a>, a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for April 2022.</p><p>XPeng delivered 9,002 Smart EVs in April 2022, representing a 75% increase year-over-year. The April deliveries consisted of 3,714 P7 smart sports sedans, 3,564 P5 smart family sedans, as well as 1,724 G3i and G3 smart compact SUVs.</p><p>As of April 30, 2022, year-to-date total deliveries reached 43,563, representing a 136% increase year-over-year.</p><p><b>About XPeng Inc.</b></p><p>XPeng is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China. Its mission is to drive Smart EV transformation with technology and data, shaping the mobility experience of the future. In order to optimize its customers’ mobility experience, XPeng develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification/electronic architecture. XPeng is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Silicon Valley, San Diego and Amsterdam. The Company’s Smart EVs are mainly manufactured at its plant in Zhaoqing, Guangdong province.</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>XPeng Delivered 9,002 Vehicles in April 2022, a 75% Increase Year-Over-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; 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\">\nXPeng Delivered 9,002 Vehicles in April 2022, a 75% Increase Year-Over-Year\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\">2022-05-01 17:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li><i>9,002 vehicles delivered in April 2022, a 75% increase year-over-year</i></li></ul><p><a href=\"https://laohu8.com/S/XPEV\">XPeng Inc. </a>, a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for April 2022.</p><p>XPeng delivered 9,002 Smart EVs in April 2022, representing a 75% increase year-over-year. The April deliveries consisted of 3,714 P7 smart sports sedans, 3,564 P5 smart family sedans, as well as 1,724 G3i and G3 smart compact SUVs.</p><p>As of April 30, 2022, year-to-date total deliveries reached 43,563, representing a 136% increase year-over-year.</p><p><b>About XPeng Inc.</b></p><p>XPeng is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China. Its mission is to drive Smart EV transformation with technology and data, shaping the mobility experience of the future. In order to optimize its customers’ mobility experience, XPeng develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification/electronic architecture. XPeng is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Silicon Valley, San Diego and Amsterdam. The Company’s Smart EVs are mainly manufactured at its plant in Zhaoqing, Guangdong province.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏汽车","BK4209":"餐馆","BK4099":"汽车制造商","BK4183":"个人用品","BK4191":"家用电器","BK4551":"寇图资本持仓","BK4555":"新能源车","BK4167":"医疗保健技术","BK4505":"高瓴资本持仓","BK4539":"次新股","BK4526":"热门中概股","BK4007":"制药"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2232303784","content_text":"9,002 vehicles delivered in April 2022, a 75% increase year-over-yearXPeng Inc. , a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for April 2022.XPeng delivered 9,002 Smart EVs in April 2022, representing a 75% increase year-over-year. The April deliveries consisted of 3,714 P7 smart sports sedans, 3,564 P5 smart family sedans, as well as 1,724 G3i and G3 smart compact SUVs.As of April 30, 2022, year-to-date total deliveries reached 43,563, representing a 136% increase year-over-year.About XPeng Inc.XPeng is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China. Its mission is to drive Smart EV transformation with technology and data, shaping the mobility experience of the future. In order to optimize its customers’ mobility experience, XPeng develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification/electronic architecture. XPeng is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Silicon Valley, San Diego and Amsterdam. The Company’s Smart EVs are mainly manufactured at its plant in Zhaoqing, Guangdong province.","news_type":1},"isVote":1,"tweetType":1,"viewCount":604,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":261828988125400,"gmtCreate":1704933456729,"gmtModify":1704933460664,"author":{"id":"4103588677873920","authorId":"4103588677873920","name":"KL H","avatar":"https://static.tigerbbs.com/c37fca73fa55044a41a8b25e3d734bb2","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103588677873920","authorIdStr":"4103588677873920"},"themes":[],"htmlText":"This is great news!","listText":"This is great news!","text":"This is great news!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/261828988125400","isVote":1,"tweetType":1,"viewCount":554,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9023388081,"gmtCreate":1652867031043,"gmtModify":1676535177428,"author":{"id":"4103588677873920","authorId":"4103588677873920","name":"KL H","avatar":"https://static.tigerbbs.com/c37fca73fa55044a41a8b25e3d734bb2","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103588677873920","authorIdStr":"4103588677873920"},"themes":[],"htmlText":"Thanks for an informative article!","listText":"Thanks for an informative article!","text":"Thanks for an informative article!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023388081","repostId":"1186845671","repostType":2,"isVote":1,"tweetType":1,"viewCount":731,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9066032946,"gmtCreate":1651817246785,"gmtModify":1676534977444,"author":{"id":"4103588677873920","authorId":"4103588677873920","name":"KL H","avatar":"https://static.tigerbbs.com/c37fca73fa55044a41a8b25e3d734bb2","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103588677873920","authorIdStr":"4103588677873920"},"themes":[],"htmlText":"Can consider Amazon now that it has fallen so much too.&nbsp;","listText":"Can consider Amazon now that it has fallen so much too.&nbsp;","text":"Can consider Amazon now that it has fallen so much too.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9066032946","repostId":"2233184399","repostType":2,"repost":{"id":"2233184399","kind":"news","pubTimestamp":1651802485,"share":"https://ttm.financial/m/news/2233184399?lang=&edition=fundamental","pubTime":"2022-05-06 10:01","market":"us","language":"en","title":"Sea Limited: The Astute Investor Buys When The Average Investor Sells","url":"https://stock-news.laohu8.com/highlight/detail?id=2233184399","media":"seekingalpha","summary":"Benjamin Graham, the father of value investing, is famous for saying that the market is like a votin","content":"<html><head></head><body><p>Benjamin Graham, the father of value investing, is famous for saying that the market is like a voting machine in the short run and in the long run, the market is like a weighing machine.</p><p>I think that this encapsulates what has happened with Sea Limited (NYSE:SE) very well as we have seen the stock rise more than 800% from its COVID lows to its all-time high, as sentiment was positive and investors let the price determine the narrative of the stock in the short run. However, in the longer run, as sentiment changes, if the average investor continues to let price determine the stock&#39;s narrative, this can cause the average investor to panic sell their shares in Sea Limited as the stock has dropped more than 70% from its all-time highs. As such, in the long run, the stock market is like a weighing machine that evaluates and measures the fundamentals of the company.</p><p>I would argue that this is the time to be buying Sea Limited rather than let the fear or the price action determine your investment decisions.</p><h2>Investment Thesis</h2><p>I have written elaborate articles on Sea both as an initiation article as well as follow up articles (here and here) as the market moves. With everything that is happening at Sea, my initial investment thesis for Sea still stands, as shown below:</p><p>1. Garena, will continue to be a market leader and serve as a cash cow for Sea, along with solid growth from not just Free Fire but also other budding new developments from its many gaming studios.</p><p>2. Undoubtedly, Sea&#39;s Shopee has the leadership position in Southeast Asia e-commerce. It is currently still in the early days in Southeast Asia for Shopee and it is likely to see strong growth in the future from increasing penetration in the region brought about by multiple tailwinds.</p><p>3. Sea&#39;s market expansion strategy has shown very strong discipline, with a focus on Latin America (LatAm) e-commerce market, which brings exposure to an underpenetrated, fast-growing market. It is also newer and testing waters in some newer geographies in Europe for example.</p><p>4. Sea&#39;s new emerging fintech business, SeaMoney, will bring additional high growth areas with strong digital payments tailwinds.</p><h2>Laser-Focused On Free Cash Flows And Capital Preservation</h2><p>Shopee, which is Sea&#39;s e-commerce arm, Shopee, made 2 announcements barely a month apart about its decision to exit from France and India. The 2 exits in 1 month clearly sank sentiment on the stock as it reduces the potential total addressable market for Sea and these 2 markets are not insignificant.</p><p>However, I am of the view that Sea&#39;s Shopee needs to pick the right battles and show investors that they are prudent with capital and making the right management decisions. As such, I think that the exit from France, and then India, is a blessing in disguise for Shopee as it saves the company and its shareholders the trouble of significant cash burn in highly competitive e-commerce markets in India and France, while being able to reallocate these precious financial resources and time to other markets in which Shopee is able to execute well, gain dominance and ultimately, generate free cash flows and profits.</p><p>Given that the combined GMV of these 2 markets are minimal at 0.3% of total GMV for the Sea Group, this early withdrawal from these 2 markets barely has an impact on current financials of the company due to the early stage trials that Shopee was doing in these markets.</p><p>For the exit from India, this comes at a time of heightened regulatory scrutiny for Sea given Sea&#39;s Free Fire ban in India. As such, given the highly competitive e-commerce market in India and the huge size of the India e-commerce market which implies needing much more capital spending for GMV growth, it is wise for management to exit India to focus on conserving capital for where it would make more sense. For the exit from France, this came as Shopee management found that customer acquisition costs were too high and Shopee could not compete meaningfully in the market, resulting in a prompt decision from management to exit France.</p><p>With the 2 decisions made to exit France and India, I am not expecting Sea to be entering any new markets this year or in the near term, as it will be focusing on its core ASEAN and Taiwan markets and its new focus, Brazil and Latin America markets.</p><h2>Encouraging Trends In Brazil And Latin America For Shopee</h2><p>We are starting to see the results from Shopee&#39;s foray into Brazil and Latin America. As can be seen below, when looking at monthly active users, Shopee has outperformed in this metric compared to all other peers since March of 2021. I attribute this to Shopee gamifying the e-commerce experience, luring customers to return to the Shopee app, thus creating top mind share and, possible market share as well, in Brazil in such a span of slightly more than 2 years.</p><p></p><p><img src=\"https://static.tigerbbs.com/f856157084170e251a60a39175838bb7\" tg-width=\"640\" tg-height=\"385\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Brazil e-commerce: Monthly active users (million) (Sensor <a href=\"https://laohu8.com/S/TWR.AU\">Tower</a>)</p><p>In Colombia, Shopee is already doing in-line or better than the international e-commerce players in the country by relative search index sources.</p><p><img src=\"https://static.tigerbbs.com/3d29b69ed14f44e2efffb15323b85041\" tg-width=\"640\" tg-height=\"400\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Relative search interest in Colombia (Google Trends)</p><p>While Chile remains in the relatively early stages of development, the relative search index shows that momentum is growing in the country only after almost less than a year of Shopee operating in the country.</p><p><img src=\"https://static.tigerbbs.com/dc8edd690b7e883a2e7d065e4e5376d9\" tg-width=\"640\" tg-height=\"401\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Relative Search Index for Chile (Google Trends)</p><p>With improving metrics for Shopee in these LatAm regions, it would make more sense for Shopee to be redirecting its capital preserved from the India and France exit to focus on the opportunities in LatAm given the easier competitive and regulatory environment in the LatAm region.</p><p>In my view, the strategy Shopee takes in Brazil will be similar to its playbook in ASEAN and Taiwan, where it initially strives to gain mindshare and later, market share in the region, and emerge as a leader in the market based on its volumes and scale, which will then bring about the visibility of turning profitable in the region as it looks to reduce logistics costs over the large scale it has amassed.</p><p>Furthermore, Sea recently launched in Brazil the Shopee Live feature, which is basically the live-streaming feature. Live e-commerce is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the key e-commerce trends in the near term and I am of the opinion that Shopee can create an early advantage over its peers in the live e-commerce segment in LatAm. One key competitor that is currently having a similar live shopping feature is Magazine Luiza, where it offers exclusive discounts during live streaming. Specifically for the live-streaming feature on Shopee Live, this includes live broadcasts during which exclusive coupons are given, or use of guest stars and influencers as live presenters for Shopee Live to drive traffic.</p><p>The Shopee Live feature in Brazil can add a new dimension to the Shopee platform that complements the current e-commerce shopping experience and it also helps Shopee to engage its customers more directly through live-streaming and at the same time provide customers with a value add which is to have a sense of security as the product is reviewed by live streamers.</p><h3>Shopee ASEAN + Taiwan Turning Profitable With Scale</h3><p>Inflation is working in favour of Shopee, in my view. While inflation is affecting major e-commerce players in the form of higher logistics costs from rising cost of labour and fuel, Shopee&#39;s marketplace business model enables it to feel less of the inflation effect. This is in contrast to the 1P competitors that have to actually take on inventory. In addition, I think we will see Shopee have an advantage in the current environment given their focus on mass market and average order value categories, as it is in a good position when customers decide to trade down. In contrast, Sea&#39;s competitor in the region, Alibaba-owned (BABA) Lazada has a focus on higher order value items and premium items, which will be in a tougher position in the current environment.</p><p>Despite challenges from inflation and also potential increasing competition, I still expect that for the core region of ASEAN + Taiwan, we will see Shopee achieving its breakeven target in 2022. While Shopee is focusing on achieving this breakeven target, my channel checks have found that Shopee has managed to outgrow its competitors and maintain the market share it needs, while spending less on a per order basis. In my view, market share is key in e-commerce to ensure favourable unit economics to make the business model work. Further channel checks that have been done shows that Shopee is currently about 5x to 6x larger and 2x to 3x larger than competitors in terms of volumes in Taiwan and ASEAN respectively. As can be seen below, even with reduced spend per user, the monthly active users in the core ASEAN + Taiwan region is not just steady but continuing to grow.</p><p><img src=\"https://static.tigerbbs.com/30b8b1d6c599c34d0744929879160580\" tg-width=\"640\" tg-height=\"383\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Shopee (ASEAN + Taiwan) monthly active users (million) (Sensor Tower)</p><h2>Gaming Fears Has Been Priced In</h2><p>I have discussed the Free Fire ban in India several times in my previous articles on Sea (Found here and here). Although the Singapore government has taken efforts to talk with the Indian government about the ban of Free Fire in India, there is uncertainty about the potential return of the game in India.</p><p>However, I am of the opinion that the Free Fire ban has long been priced in given that the 2022F gaming guidance implies a 35% year over year drop in bookings and this guidance has already excluded all contributions from India.</p><p>There are also concerns about the impact of reopening of economies on Garena as the world economies reopen and normalise. While normalised user behaviour needs to be observed in the near term for any further weakness, management continues to improve the user experience and refresh content</p><h2>SeaMoney</h2><p>For Sea&#39;s financial services arm, SeaMoney, I think we will see the company continue to ramp up on verticals in non-payments like credit, insurance tech, and wealth management. Currently, SeaMoney is most comprehensive in Indonesia and could be rolled out to the Philippines in 2022.</p><p>Shopee Malaysia recently got the digital banking license in Malaysia, along with 4 other consortiums, opening up new opportunities for SeaMoney Malaysia. Furthermore, Shopee Brazil recently received approval as a payment institution in Brazil, paving the way for SeaMoney in the crucial LatAm market.</p><h2>Valuation</h2><p>My worst case SOTP valuation is updated with the latest information on the company, which includes:</p><ol><li>The impact of lower revenue guidance on gaming resulting in some downward revisions in gaming,</li><li>I assume the reallocation of Shopee&#39;s resources and capital expenditures from India and France to LatAm and ASEA and Taiwan, resulting in largely in-line e-commerce projections</li><li>With the new opportunities in Malaysia and Brazil for SeaMoney, I have made upward revisions on SeaMoney.</li></ol><p>With that the updated target price for Sea Limited is $188.25, implying 109% upside from current levels.</p><p><img src=\"https://static.tigerbbs.com/3f135db17b0a51d1121959ee77598fee\" tg-width=\"389\" tg-height=\"457\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>SOTP valuation for Sea Limited (Author generated)</p><h2>Risks</h2><h3>Competition</h3><p>Although Sea has exited the highly competitive market of India, e-commerce is still a competitive business with many competitors with deep pockets. As such Shopee could face fierce competition from global peers as international expansion in the industry continues. For example, Shopee has done well in Southeast Asia but the threat of Tokopedia in Indonesia is still there. Furthermore, Alibaba&#39;s Lazada is ramping up and focusing on international expansion as China&#39;s domestic e-commerce market slows. If competition intensifies, this could be a significant drag to profitability of the e-commerce segment.</p><h3>Execution In New Markets</h3><p>The operating and competitive environment in LatAm, and Europe has its challenges. Although Shopee has had a good run in Southeast Asia, there are still execution risks in these new markets especially with large domestic e-commerce players already present. That said, Shopee has shown strong execution and capital discipline thus far, and will only commit capital to a market it deems core.</p><h3>Synergies In All 3 Business Segments</h3><p>The flywheel effect could prove to be Sea&#39;s competitive advantage if it is able to build its gaming, e-commerce and fintech ecosystem well. However, if synergies between the 3 are not reaped, the company is not maximising the benefit of its entire ecosystem and should each segment operate increasingly in silos, this could result in deterioration of competitive advantage of Sea.</p><h2>Conclusion</h2><p>To bring back the Benjamin Graham quote from earlier, in the short term, the stock market is like a voting machine, highly driven by sentiment and emotions. This is what is driving Sea Limited&#39;s stock price right now with the more than 70% decline from all-time highs. However, as highlighted, the business fundamentals are actually solid and improving. Sea&#39;s Shopee is soon to achieve its breakeven target in ASEAN + Taiwan as it continues to maintain and gain market share, while Shopee is growing rapidly and becoming dominant in LatAm, specifically in Brazil. While uncertainties remain on the gaming front, as I mentioned, I believe that this has already been priced in. Lastly, SeaMoney is seeing multiple opportunities open up in Sea&#39;s core markets and will likely gain greater traction this year.</p><p>As such, with the improving fundamentals, the astute investor would take the chance to invest in a company that is a winner in the fast-growing gaming, e-commerce and digital financial services in Asia and LatAm. With that, my SOTP target price for Sea is $188.25, implying 109% upside from current levels.</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>Sea Limited: The Astute Investor Buys When The Average Investor Sells</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\">\nSea Limited: The Astute Investor Buys When The Average Investor Sells\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-06 10:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4507258-sea-limited-the-astute-investor-buys-when-the-average-investor-sells><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Benjamin Graham, the father of value investing, is famous for saying that the market is like a voting machine in the short run and in the long run, the market is like a weighing machine.I think that ...</p>\n\n<a href=\"https://seekingalpha.com/article/4507258-sea-limited-the-astute-investor-buys-when-the-average-investor-sells\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4505":"高瓴资本持仓","SE":"Sea Ltd","BK4526":"热门中概股","BK4504":"桥水持仓","BGNE":"百济神州","BK4548":"巴美列捷福持仓","BK4535":"淡马锡持仓"},"source_url":"https://seekingalpha.com/article/4507258-sea-limited-the-astute-investor-buys-when-the-average-investor-sells","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2233184399","content_text":"Benjamin Graham, the father of value investing, is famous for saying that the market is like a voting machine in the short run and in the long run, the market is like a weighing machine.I think that this encapsulates what has happened with Sea Limited (NYSE:SE) very well as we have seen the stock rise more than 800% from its COVID lows to its all-time high, as sentiment was positive and investors let the price determine the narrative of the stock in the short run. However, in the longer run, as sentiment changes, if the average investor continues to let price determine the stock's narrative, this can cause the average investor to panic sell their shares in Sea Limited as the stock has dropped more than 70% from its all-time highs. As such, in the long run, the stock market is like a weighing machine that evaluates and measures the fundamentals of the company.I would argue that this is the time to be buying Sea Limited rather than let the fear or the price action determine your investment decisions.Investment ThesisI have written elaborate articles on Sea both as an initiation article as well as follow up articles (here and here) as the market moves. With everything that is happening at Sea, my initial investment thesis for Sea still stands, as shown below:1. Garena, will continue to be a market leader and serve as a cash cow for Sea, along with solid growth from not just Free Fire but also other budding new developments from its many gaming studios.2. Undoubtedly, Sea's Shopee has the leadership position in Southeast Asia e-commerce. It is currently still in the early days in Southeast Asia for Shopee and it is likely to see strong growth in the future from increasing penetration in the region brought about by multiple tailwinds.3. Sea's market expansion strategy has shown very strong discipline, with a focus on Latin America (LatAm) e-commerce market, which brings exposure to an underpenetrated, fast-growing market. It is also newer and testing waters in some newer geographies in Europe for example.4. Sea's new emerging fintech business, SeaMoney, will bring additional high growth areas with strong digital payments tailwinds.Laser-Focused On Free Cash Flows And Capital PreservationShopee, which is Sea's e-commerce arm, Shopee, made 2 announcements barely a month apart about its decision to exit from France and India. The 2 exits in 1 month clearly sank sentiment on the stock as it reduces the potential total addressable market for Sea and these 2 markets are not insignificant.However, I am of the view that Sea's Shopee needs to pick the right battles and show investors that they are prudent with capital and making the right management decisions. As such, I think that the exit from France, and then India, is a blessing in disguise for Shopee as it saves the company and its shareholders the trouble of significant cash burn in highly competitive e-commerce markets in India and France, while being able to reallocate these precious financial resources and time to other markets in which Shopee is able to execute well, gain dominance and ultimately, generate free cash flows and profits.Given that the combined GMV of these 2 markets are minimal at 0.3% of total GMV for the Sea Group, this early withdrawal from these 2 markets barely has an impact on current financials of the company due to the early stage trials that Shopee was doing in these markets.For the exit from India, this comes at a time of heightened regulatory scrutiny for Sea given Sea's Free Fire ban in India. As such, given the highly competitive e-commerce market in India and the huge size of the India e-commerce market which implies needing much more capital spending for GMV growth, it is wise for management to exit India to focus on conserving capital for where it would make more sense. For the exit from France, this came as Shopee management found that customer acquisition costs were too high and Shopee could not compete meaningfully in the market, resulting in a prompt decision from management to exit France.With the 2 decisions made to exit France and India, I am not expecting Sea to be entering any new markets this year or in the near term, as it will be focusing on its core ASEAN and Taiwan markets and its new focus, Brazil and Latin America markets.Encouraging Trends In Brazil And Latin America For ShopeeWe are starting to see the results from Shopee's foray into Brazil and Latin America. As can be seen below, when looking at monthly active users, Shopee has outperformed in this metric compared to all other peers since March of 2021. I attribute this to Shopee gamifying the e-commerce experience, luring customers to return to the Shopee app, thus creating top mind share and, possible market share as well, in Brazil in such a span of slightly more than 2 years.Brazil e-commerce: Monthly active users (million) (Sensor Tower)In Colombia, Shopee is already doing in-line or better than the international e-commerce players in the country by relative search index sources.Relative search interest in Colombia (Google Trends)While Chile remains in the relatively early stages of development, the relative search index shows that momentum is growing in the country only after almost less than a year of Shopee operating in the country.Relative Search Index for Chile (Google Trends)With improving metrics for Shopee in these LatAm regions, it would make more sense for Shopee to be redirecting its capital preserved from the India and France exit to focus on the opportunities in LatAm given the easier competitive and regulatory environment in the LatAm region.In my view, the strategy Shopee takes in Brazil will be similar to its playbook in ASEAN and Taiwan, where it initially strives to gain mindshare and later, market share in the region, and emerge as a leader in the market based on its volumes and scale, which will then bring about the visibility of turning profitable in the region as it looks to reduce logistics costs over the large scale it has amassed.Furthermore, Sea recently launched in Brazil the Shopee Live feature, which is basically the live-streaming feature. Live e-commerce is one of the key e-commerce trends in the near term and I am of the opinion that Shopee can create an early advantage over its peers in the live e-commerce segment in LatAm. One key competitor that is currently having a similar live shopping feature is Magazine Luiza, where it offers exclusive discounts during live streaming. Specifically for the live-streaming feature on Shopee Live, this includes live broadcasts during which exclusive coupons are given, or use of guest stars and influencers as live presenters for Shopee Live to drive traffic.The Shopee Live feature in Brazil can add a new dimension to the Shopee platform that complements the current e-commerce shopping experience and it also helps Shopee to engage its customers more directly through live-streaming and at the same time provide customers with a value add which is to have a sense of security as the product is reviewed by live streamers.Shopee ASEAN + Taiwan Turning Profitable With ScaleInflation is working in favour of Shopee, in my view. While inflation is affecting major e-commerce players in the form of higher logistics costs from rising cost of labour and fuel, Shopee's marketplace business model enables it to feel less of the inflation effect. This is in contrast to the 1P competitors that have to actually take on inventory. In addition, I think we will see Shopee have an advantage in the current environment given their focus on mass market and average order value categories, as it is in a good position when customers decide to trade down. In contrast, Sea's competitor in the region, Alibaba-owned (BABA) Lazada has a focus on higher order value items and premium items, which will be in a tougher position in the current environment.Despite challenges from inflation and also potential increasing competition, I still expect that for the core region of ASEAN + Taiwan, we will see Shopee achieving its breakeven target in 2022. While Shopee is focusing on achieving this breakeven target, my channel checks have found that Shopee has managed to outgrow its competitors and maintain the market share it needs, while spending less on a per order basis. In my view, market share is key in e-commerce to ensure favourable unit economics to make the business model work. Further channel checks that have been done shows that Shopee is currently about 5x to 6x larger and 2x to 3x larger than competitors in terms of volumes in Taiwan and ASEAN respectively. As can be seen below, even with reduced spend per user, the monthly active users in the core ASEAN + Taiwan region is not just steady but continuing to grow.Shopee (ASEAN + Taiwan) monthly active users (million) (Sensor Tower)Gaming Fears Has Been Priced InI have discussed the Free Fire ban in India several times in my previous articles on Sea (Found here and here). Although the Singapore government has taken efforts to talk with the Indian government about the ban of Free Fire in India, there is uncertainty about the potential return of the game in India.However, I am of the opinion that the Free Fire ban has long been priced in given that the 2022F gaming guidance implies a 35% year over year drop in bookings and this guidance has already excluded all contributions from India.There are also concerns about the impact of reopening of economies on Garena as the world economies reopen and normalise. While normalised user behaviour needs to be observed in the near term for any further weakness, management continues to improve the user experience and refresh contentSeaMoneyFor Sea's financial services arm, SeaMoney, I think we will see the company continue to ramp up on verticals in non-payments like credit, insurance tech, and wealth management. Currently, SeaMoney is most comprehensive in Indonesia and could be rolled out to the Philippines in 2022.Shopee Malaysia recently got the digital banking license in Malaysia, along with 4 other consortiums, opening up new opportunities for SeaMoney Malaysia. Furthermore, Shopee Brazil recently received approval as a payment institution in Brazil, paving the way for SeaMoney in the crucial LatAm market.ValuationMy worst case SOTP valuation is updated with the latest information on the company, which includes:The impact of lower revenue guidance on gaming resulting in some downward revisions in gaming,I assume the reallocation of Shopee's resources and capital expenditures from India and France to LatAm and ASEA and Taiwan, resulting in largely in-line e-commerce projectionsWith the new opportunities in Malaysia and Brazil for SeaMoney, I have made upward revisions on SeaMoney.With that the updated target price for Sea Limited is $188.25, implying 109% upside from current levels.SOTP valuation for Sea Limited (Author generated)RisksCompetitionAlthough Sea has exited the highly competitive market of India, e-commerce is still a competitive business with many competitors with deep pockets. As such Shopee could face fierce competition from global peers as international expansion in the industry continues. For example, Shopee has done well in Southeast Asia but the threat of Tokopedia in Indonesia is still there. Furthermore, Alibaba's Lazada is ramping up and focusing on international expansion as China's domestic e-commerce market slows. If competition intensifies, this could be a significant drag to profitability of the e-commerce segment.Execution In New MarketsThe operating and competitive environment in LatAm, and Europe has its challenges. Although Shopee has had a good run in Southeast Asia, there are still execution risks in these new markets especially with large domestic e-commerce players already present. That said, Shopee has shown strong execution and capital discipline thus far, and will only commit capital to a market it deems core.Synergies In All 3 Business SegmentsThe flywheel effect could prove to be Sea's competitive advantage if it is able to build its gaming, e-commerce and fintech ecosystem well. However, if synergies between the 3 are not reaped, the company is not maximising the benefit of its entire ecosystem and should each segment operate increasingly in silos, this could result in deterioration of competitive advantage of Sea.ConclusionTo bring back the Benjamin Graham quote from earlier, in the short term, the stock market is like a voting machine, highly driven by sentiment and emotions. This is what is driving Sea Limited's stock price right now with the more than 70% decline from all-time highs. However, as highlighted, the business fundamentals are actually solid and improving. Sea's Shopee is soon to achieve its breakeven target in ASEAN + Taiwan as it continues to maintain and gain market share, while Shopee is growing rapidly and becoming dominant in LatAm, specifically in Brazil. While uncertainties remain on the gaming front, as I mentioned, I believe that this has already been priced in. Lastly, SeaMoney is seeing multiple opportunities open up in Sea's core markets and will likely gain greater traction this year.As such, with the improving fundamentals, the astute investor would take the chance to invest in a company that is a winner in the fast-growing gaming, e-commerce and digital financial services in Asia and LatAm. With that, my SOTP target price for Sea is $188.25, implying 109% upside from current levels.","news_type":1},"isVote":1,"tweetType":1,"viewCount":564,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9032483015,"gmtCreate":1647423116255,"gmtModify":1676534227996,"author":{"id":"4103588677873920","authorId":"4103588677873920","name":"KL H","avatar":"https://static.tigerbbs.com/c37fca73fa55044a41a8b25e3d734bb2","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103588677873920","authorIdStr":"4103588677873920"},"themes":[],"htmlText":"Great!!","listText":"Great!!","text":"Great!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032483015","repostId":"1177649534","repostType":2,"repost":{"id":"1177649534","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":1647417601,"share":"https://ttm.financial/m/news/1177649534?lang=&edition=fundamental","pubTime":"2022-03-16 16:00","market":"us","language":"en","title":"Hot Chinese ADRs Surged in Premarket Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1177649534","media":"Tiger Newspress","summary":"Alibaba, JD.com, Pinduoduo, Tencent Music, Bilibili, DiDi, Nio and iQiyi rose between 18% and 40%.Be","content":"<html><head></head><body><p>Alibaba, JD.com, Pinduoduo, Tencent Music, Bilibili, DiDi, Nio and iQiyi rose between 18% and 40%.</p><p><img src=\"https://static.tigerbbs.com/0e1ef7716663d2f3fa700d4f14f65267\" tg-width=\"603\" tg-height=\"383\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/7f8f938d2756a0dad6052d19e1f5ee43\" tg-width=\"607\" tg-height=\"338\" referrerpolicy=\"no-referrer\"/>Beijing issued a strong promise for policies to boost financial markets and stimulate economic growth.</p><p>China supports overseas listing and has achieved positive progress in discussions with Washington over Chinese stocks listed in U.S. markets, the report said, adding that both sides are working to formulate a detailed cooperation plan.</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>Hot Chinese ADRs Surged in Premarket Trading</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\">\nHot Chinese ADRs Surged in Premarket Trading\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\">2022-03-16 16:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Alibaba, JD.com, Pinduoduo, Tencent Music, Bilibili, DiDi, Nio and iQiyi rose between 18% and 40%.</p><p><img src=\"https://static.tigerbbs.com/0e1ef7716663d2f3fa700d4f14f65267\" tg-width=\"603\" tg-height=\"383\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/7f8f938d2756a0dad6052d19e1f5ee43\" tg-width=\"607\" tg-height=\"338\" referrerpolicy=\"no-referrer\"/>Beijing issued a strong promise for policies to boost financial markets and stimulate economic growth.</p><p>China supports overseas listing and has achieved positive progress in discussions with Washington over Chinese stocks listed in U.S. markets, the report said, adding that both sides are working to formulate a detailed cooperation plan.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","DIDI":"滴滴(已退市)","JD":"京东","TME":"腾讯音乐","PDD":"拼多多","NIO":"蔚来","BILI":"哔哩哔哩","IQ":"爱奇艺"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177649534","content_text":"Alibaba, JD.com, Pinduoduo, Tencent Music, Bilibili, DiDi, Nio and iQiyi rose between 18% and 40%.Beijing issued a strong promise for policies to boost financial markets and stimulate economic growth.China supports overseas listing and has achieved positive progress in discussions with Washington over Chinese stocks listed in U.S. markets, the report said, adding that both sides are working to formulate a detailed cooperation plan.","news_type":1},"isVote":1,"tweetType":1,"viewCount":412,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9967377382,"gmtCreate":1670281632046,"gmtModify":1676538334200,"author":{"id":"4103588677873920","authorId":"4103588677873920","name":"KL H","avatar":"https://static.tigerbbs.com/c37fca73fa55044a41a8b25e3d734bb2","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103588677873920","authorIdStr":"4103588677873920"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9967377382","isVote":1,"tweetType":1,"viewCount":370,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}