Meituan's $MEITUAN-W(03690)$ stock has risen 45.5% since I last covered it on January 18, 2024. I believe it's a good time to revisit Meituan, particularly given its Friday closing price of HKD102.10, which is approaching the resistance level I mentioned at HKD107.91in my previous article. 4Q2023 Earnings Review: Revenue surged 22% year-over-year to RMB 73 billion in the latest quarter, while operating income reached RMB 1.7 billion compared to a loss of RMB 731 million in the corresponding period last year. Both revenue and operating income surpassed street expectations. However, the operating margin dropped to just 2.39% in 4Q2024. Operating margin was substantially higher in previous qua

SPDR S&P 500 ETF ( $SPDR S&P 500 ETF Trust(SPY)$ ) rebounded 1.87% in the second week of Jan 2024 whereas the Magnificent Seven is responsible for 70% of the S&P 500's gains during the same period. The Magnificent Seven also drove 105% of the S&P 500's total returns year-to-date. S&P 500 returned 0.34% thus far this year. The substantial contribution of the Magnificent Seven to the S&P 500's gains indicates that 2024 could be another significant year for AI. While owning these seven stocks appears to be the market's "most crowded" trade due to their notable share price rally in 2023, they remain poised to benefit the most from the ongoing AI craze. We think that that only a few large-cap stocks are participating in the celeb

4Q2023 Earnings Review: Tencent’s $TENCENT(00700)$ Revenue increased by 7.07%, and Operating Income rose by 41.96% year-over-year in the latest quarter. The Operating Margin stands at 26.28% for FY2023, the highest in the past six years. VAS revenue shrank by 1.9% year-over-year, while Online Advertising and Fintech & Business Services grew by 20.82% and 15.1% year-over-year respectively in the latest quarter. Moving forward, we expect the weakness in VAS (especially weak gaming revenue) to be offset by margin expansion in Online Advertising and Fintech & Business Services. VAS revenue, accounting for 45% of total revenue, continues its lackluster performance mainly due to lower domestic gaming revenue and decreased Social Networks revenu

Stock Performance: Apple ( $Apple(AAPL)$ ) stock has experienced a 14% decline from its all-time high (ATH) and an 11% decrease year-to-date. The underperformance, particularly in comparison to other Magnificent Seven stocks, can be attributed to several factors: Analysts downgraded Apple stock. Counterpoint Research reported a 24% year-on-year drop in iPhone sales, while Huawei's smartphone sales saw a notable 64% year-on-year increase in the first six weeks of 2024. Source: Countetpoint Technical Analysis: A Double Tops reversal pattern is currently forming, with a target price of USD133.03 anticipated once the stock breaks below the neckline at USD165.24. Considering the weak candlestick pattern, it is plausible that Apple stock might challenge

The S&P 500 has not undergone a correction of more than 2% since reaching its October low last year. This pattern suggests that investors may have succumbed to Fear of Missing Out (FOMO) and engaged in panic buying, particularly due to optimism regarding artificial intelligence (AI). It is anticipated that investors’ concerns and unease may only arise if a correction exceeding 2% occurs within the current year. Fibonacci Expansion still indicates a S&P 500 target price of 6118 for the entire bull run. Nevertheless, the S&P 500  may encounter a strong resistance level at the 61.8% Fibonacci level at 5115, potentially leading to a decline to the 50% Fibonacci level at 4805. Despite the possibility of facing these resistance levels, there is currently no significant shift in

Synopsis The US equity markets have demonstrated remarkable resilience despite prolonged high interest rates and election uncertainty. The S&P 500 has gained 11% this year through the end of May, mainly driven by earnings growth and AI optimism. The main AI beneficiary, NVIDIA, has also returned 121% during the same period. While it is a NVIDIA world, we are just living in it; we still aim to explore other AI stocks that are poised to benefit from the AI optimism in this seminar. Join James Ooi from Tiger Brokers as he explores investment strategies for the second half of 2024: What downside risks could cause a market correction? What catalysts could send stocks higher in 2H2024? Which stocks are poised to benefit from the AI revolution? Please click link below to register for the in-p

TSMC has fallen 16.11% to $160.28 from its all-time high of $191.05. However, the year-to-date return of 54% suggests that TSMC is likely experiencing an overdue temporary correction rather than a long-term downtrend. What You Need to Know About TSMC: 1) US Wants Tougher Trade Restrictions on China The recent panic sell-off is mostly due to renewed trade tensions between the US and China. According to Bloomberg, the Biden administration is considering more restrictive trade policies on advanced chip technology to China, which will negatively impact companies like TSMC. Trump recently commented that Taiwan should pay the US for protection and claimed Taiwan has taken "about 100%" of America’s semiconductor business. China now accounts for 16% of TSMC's total net sales in 2Q2024, marking a

It is also important to note that the S&P 500 underperformed all other indices mentioned above in the last Year of the Dragon, which was 2012. Thus, it might be wise to include some of the Asia Index ETFs in one's portfolio this year. $TRACKER FUND(02800)$ $STI ETF(ES3.SI)$ $CSOP NIKKEI225(03153)$

Synopsis: Are AI stocks trading at unreasonably expensive valuations? Could the upcoming earnings reports from Tesla, Amazon, and Apple boost their stock prices? What are the risks, given that their prices have soared from their 2023 lows? Please click here to access the webinar on July 16th at 7.30 pm.

Arm( $ARM Holdings Ltd(ARM)$ ) stock has surged by 93.44% over the past three trading days, reaching a current price of USD148.97, nearly triple its IPO price of USD51 per share.The rally can be attributed to its recent earnings call, which highlighted the following factors:Better-than-expected earnings for 3Q2024, primarily fueled by Artificial Intelligence (AI) demand..Forecasted EPS for 4Q2024 to range between 28 cents and 32 cents, compared to the expected 21 cents, and sales projected to be between $850 million and $900 million, exceeding the anticipated $780 million.Arm announced the possibility of doubling charges for its latest instruction set, which contributes 15% of the company's royalties.Will SoftBank Sell its ARM stake?Arm is still 90

When investors think of the Magnificent Seven, they will primarily associate it with large-cap stocks that delivered outsized returns in 2023, driven by optimism in AI. Therefore, TSMC( $Taiwan Semiconductor Manufacturing(TSM)$ ), the large-cap AI chip maker, has the potential to be named as the eighth company added to the Magnificent Seven if it delivers a similar outsized return as we have seen in the Magnificent Seven. Key takeaways from Q4 earnings results 4Q2023's revenue declined 0% year-on-year to TWD 625 billion, while operating income fell 19.95% year-on-year to TWD 260 billion. However, investors are optimistic as they may have witnessed the worst year-on-year decline in revenue and operating income, with growth rates at -19.93% and -26.5