$Alibaba(BABA)$$Alibaba(09988)$ +5% after mixed results yesterday. $JD.com(JD)$ flat after beating earnings massively today.I like both. But this just goes to show how markets aren't always rational especially when you're dealing with short periods.Blowout results by JD with Adjusted EPS hitting $0.78 vs. estimate of only $0.48. Also beat on revenues of $36B vs. estimate of $35.7B. JD's mainland e-commerce revenues +6.6%; logistics +13.8%. Very solid numbers.ImageJD crushes expectations on the big three: revenue, adjusted net income and adjused EPS. latter two were negative YoY but increased. Hat tip to JD!ImageOne of the lowest short selling turnover rates I've
I've been bullish on rareearth mining and processing companies for a while. This is just what companies like $MP Materials Corp.(MP)$ and $LYNAS RARE EARTHS LTD(LYC.AU)$.AX need to have a fighting chance against China's stranglehold on the RE market. Still, their capacities are nowhere close what China can - and does - supply to the West. This is a long-term story that everyone needs to pay attention to. US aiming to secure supply chain for rare earth-derived products could cause China to act sooner in playing its RE advantage.https://twitter.com/BrianTycangco/status/1790680587541598667
$Alibaba(BABA)$$Alibaba(09988)$ 1Q24 results are out. Beat on revenue but slight miss on EPS. Market is acting like it missed bigly on all metrics. I think it's more to do with the fact that core business grew slower than the general market. Remember that China 1Q online retail sales gained 12.4%. That 4% topline growth for Taobao & TMall is significantly slower than the market. So, it seems that other players are taking market share away from Alibaba. We'll find out when $JD.com(JD)$$MEITUAN-W(03690)$$MEITUAN(MPNGF)$$PDD Holdings I
Chinese property stocks trade higher in HK as more cities eased housing market policy, analysts say China's property market is forming soft landingSales are still down big large double digits yoy but sentiment appears to be shifting away from very bad to less bad. Need to get more direction from govt in terms of stronger policy support and wait until the buyers return. The economy looks like it’s in better form as well. Some investors aren’t willing to wait around bec they know how fast things can turn back up. $SEAZEN(01030)$$C&D INTL GROUP(01908)$$SHIMAO GROUP(00813)$$CHINA RES LAND(01109)$
China accounted for 70% of global EV sales in 1Q24
There's little logic in the move to tax or/and ban Chinese EV brands from Western markets. It would make sense if these were the largest markets for EVs. They simply aren't. China accounted for 60% of global EV sales in 2023. By 1Q24, it accounted for 70% of the global EV sales. No other market comes close.China is also growing faster than the global market, registering a 31% YoY 1Q24 growth vs. 21% global. In fact, US & Canada markets only grew 13%, while European markets grew a measly 7%.Why risk getting shut out of the world's largest EV market in the hopes of protecting uncompetitive and unprogressive firms? It will only breed inefficiency and hasten their decay. If this is a negotiating tactic, it's not well thought out. There's no position of strength. And it risks widening the t
I've been saying US consumers will need to forget the good ol' days of 2% or less inflation. They're not coming back - at least not in any sustainable fashion. The cost (and sins) of years of QE, binging on debt, and an overextended military have permanently eroded the purchasing power of the almighty US$. It's one key reason #gold $Gold - main 2406(GCmain)$ is doing so well. - Consumers are getting frustrated with stalling inflationSo true. The days of your dollar today buying the same goods next year and the year after... is OVER. Time to join the rest of the world in a more realistic expectation of inflation. And that's going to have a significant impact on the way people spend and invest their money going forward.