Profile - To The Moon

JHCC88

Posts · 86Posts · 86
Following · 0Following · 0
Followers · 0Followers · 0

- JHCC88JHCC88
  ·2022-09-21
  Think Tank: Deposits has been pretty seamless with DBS, which majority of your consumer has. Kudos to Tiger Trade local team for the understanding of local behaviours. Perhapa Tiger can incorporate other banks for an even better experience for other users as well!
  664 Comment
  Like
  Share
  Report
- JHCC88JHCC88
  ·2022-09-09
  The UI design and accessibility of the app is what supercedes other apps. A well designed UI is definitely a thing to look out for to effectively minitor, navigate and access all the features there is and available in Tiger App!
  503 Comment
  Like
  Share
  Report
- JHCC88JHCC88
  ·2022-08-04
  Ok!
  Alibaba: Charlie Munger Doesn't Worry About A Delisting
  Alibaba’s shares crashed after the company made it onto the SEC’s list of potential delisting candid
  Alibaba: Charlie Munger Doesn't Worry About A Delisting
  488 Comment
  3
  Share
  Report
- JHCC88JHCC88
  ·2022-08-01
  $Alibaba(BABA)$Definitely bullish!!
  641 Comment
  Like
  Share
  Report
- JHCC88JHCC88
  ·2022-03-08
  $Alibaba(BABA)$Still buying the dips, because fundamentals.. 😛
  930 Comment
  11
  Share
  Report
- JHCC88JHCC88
  ·2022-03-07
  $Alibaba(BABA)$🤪🤪🤪
  487 Comment
  2
  Share
  Report
- JHCC88JHCC88
  ·2021-09-23
  $DBS GROUP HOLDINGS LTD(D05.SI)$NOW OR NEVER! ??
  550 2
  6
  Share
  Report
- JHCC88JHCC88
  ·2021-09-21
  $Alibaba(BABA)$Are we still buying dropping knife? Fuck yes… ??
  418 Comment
  5
  Share
  Report
- JHCC88JHCC88
  ·2021-09-20
  Given the recent drastic increase in COVID cases, it will definitely affect our local business, less those high-end luxury goods brand (LV/ Chanel, etc), since consumers wants to spend, but no where to spend, i.e: overseas, leisure activities more or less are affected. Will this affect DBS share prices? Please share your opinion. My POV, causes bullish decline. Since banking systems are positively correlated to business expenditure locally.
  864 Comment
  2
  Share
  Report
- JHCC88JHCC88
  ·2021-09-20
  $Alibaba(BABA)$Beliefs… ?????? like if you do too!
  477 Comment
  4
  Share
  Report
No following yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"isCurrentUser":false,"userPageInfo":{"id":"3576377724201605","uuid":"3576377724201605","gmtCreate":1613283701109,"gmtModify":1706620739242,"name":"JHCC88","pinyin":"jhcc88","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/e663c5e8dfe9e28297eaff8dd741d4c8","hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","hatId":"ca_profile_frame_Mpy1eK","hatName":"","vip":1,"status":2,"fanSize":20,"headSize":35,"tweetSize":86,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":3,"name":"书生虎","nameTw":"書生虎","represent":"努力向上","factor":"发布10条非转发主帖,其中5条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.11.12","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"82ffa69a97264fba9002044f4f5f535b-1","templateUuid":"82ffa69a97264fba9002044f4f5f535b","name":"Tiger Think Tank","description":"Tiger Think Tank","bigImgUrl":"https://community-static.tradeup.com/news/193f8255673f42bdc610097b2074ec3e","smallImgUrl":"https://community-static.tradeup.com/news/06af124f59f026a383d35b268362424f","grayImgUrl":null,"redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.09.09","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":4001},{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.03.09","exceedPercentage":"60.13%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":1,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"page":1,"watchlist":null,"tweetList":[{"id":9919951141,"gmtCreate":1663722101383,"gmtModify":1676537322676,"author":{"id":"3576377724201605","authorId":"3576377724201605","name":"JHCC88","avatar":"https://static.tigerbbs.com/e663c5e8dfe9e28297eaff8dd741d4c8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576377724201605","authorIdStr":"3576377724201605"},"themes":[],"htmlText":"Think Tank: Deposits has been pretty seamless with DBS, which majority of your consumer has. Kudos to Tiger Trade local team for the understanding of local behaviours. Perhapa Tiger can incorporate other banks for an even better experience for other users as well!&nbsp;","listText":"Think Tank: Deposits has been pretty seamless with DBS, which majority of your consumer has. Kudos to Tiger Trade local team for the understanding of local behaviours. Perhapa Tiger can incorporate other banks for an even better experience for other users as well!&nbsp;","text":"Think Tank: Deposits has been pretty seamless with DBS, which majority of your consumer has. Kudos to Tiger Trade local team for the understanding of local behaviours. Perhapa Tiger can incorporate other banks for an even better experience for other users as well!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9919951141","isVote":1,"tweetType":1,"viewCount":664,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9936977626,"gmtCreate":1662698703965,"gmtModify":1676537122170,"author":{"id":"3576377724201605","authorId":"3576377724201605","name":"JHCC88","avatar":"https://static.tigerbbs.com/e663c5e8dfe9e28297eaff8dd741d4c8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576377724201605","authorIdStr":"3576377724201605"},"themes":[],"htmlText":"The UI design and accessibility of the app is what supercedes other apps. A well designed UI is definitely a thing to look out for to effectively minitor, navigate and access all the features there is and available in Tiger App!&nbsp;","listText":"The UI design and accessibility of the app is what supercedes other apps. A well designed UI is definitely a thing to look out for to effectively minitor, navigate and access all the features there is and available in Tiger App!&nbsp;","text":"The UI design and accessibility of the app is what supercedes other apps. A well designed UI is definitely a thing to look out for to effectively minitor, navigate and access all the features there is and available in Tiger App!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9936977626","isVote":1,"tweetType":1,"viewCount":503,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9906766846,"gmtCreate":1659594036348,"gmtModify":1705982011956,"author":{"id":"3576377724201605","authorId":"3576377724201605","name":"JHCC88","avatar":"https://static.tigerbbs.com/e663c5e8dfe9e28297eaff8dd741d4c8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576377724201605","authorIdStr":"3576377724201605"},"themes":[],"htmlText":"Ok!&nbsp;","listText":"Ok!&nbsp;","text":"Ok!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906766846","repostId":"1126573166","repostType":2,"repost":{"id":"1126573166","pubTimestamp":1659590390,"share":"https://ttm.financial/m/news/1126573166?lang=&edition=fundamental","pubTime":"2022-08-04 13:19","market":"hk","language":"en","title":"Alibaba: Charlie Munger Doesn't Worry About A Delisting","url":"https://stock-news.laohu8.com/highlight/detail?id=1126573166","media":"seekingalpha","summary":"Alibaba’s shares crashed after the company made it onto the SEC’s list of potential delisting candid","content":"<html><head></head><body><ul><li>Alibaba’s shares crashed after the company made it onto the SEC’s list of potential delisting candidates last week.</li><li>Investors are overreacting to the SEC announcement.</li><li>Alibaba’s shares, heading into earnings, remain considerably undervalued.</li></ul><p><img src=\"https://static.tigerbbs.com/c734479100befddea1e6e6d9d50f31a2\" tg-width=\"750\" tg-height=\"496\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Shares of Chinese e-Commerce giant Alibaba Group Holding Limited (NYSE:BABA,OTCPK:BABAF) skidded 11% last Friday after the Securities and Exchange Commission added the company to its list of potential delisting candidates and investors started to panic. One investor, however, doesnot seem to be disturbed by Alibaba’s delisting risk: Charlie Munger. In a recent 13-F holdings report, the Daily Journal Corporation (DJCO), which is overseen by Charlie Munger, hasn&#39;t sold a single share since its last report. Delisting risks are grossly and irresponsibly exaggerated and Alibaba represents great value on the sell-off!</p><h2><b>New threats from the SEC</b></h2><p>The Securities and Exchange CommissionaddedAlibaba to its list of potential delisting candidates last Friday, creating pressure on shares of Alibaba. Under the Holding Foreign Companies Accountable Act, U.S. stock exchanges can delist securities of (foreign) issuers if the Public Company Accounting Oversight Board cannot inspect the audit papers of companies located in a foreign jurisdiction. Foreign companies -- mostly Chinese companies with ADS listings on a U.S. stock exchange -- could potentially be delisted by the SEC if they fail to submit to a PCAOB audit for three consecutive years.</p><p>Alibaba had previously not been specifically mentioned by the SEC, but now has made it onto the SEC’s list of potential delisting candidates. This does not mean that a delisting is imminent, however. It merely means that the SEC has identified Alibaba as one of many companies that could potentially be delisted if certain disclosure and transparency requirements are not met in the future.</p><h2><b>Why there is no reason to worry about a delisting</b></h2><p>Alibaba is pursuing a dual primary listing on the New York Stock Exchange and the Hong Kong Stock Exchange. Alibaba expects to complete theprimary listing processin Hong Kong by the end of the year, at which point Alibaba will have transitioned from a secondary to a primary status. A primary listing status in Hong Kong comes with more stringent reporting rules, but also allows participation in Hong Kong’s “Stock Connect Program” which would allow Mainland Chinese investors to purchase Alibaba’s Hong Kong shares through their Mainland stock exchanges.</p><p>So, even in the worst case of a forced U.S. delisting, U.S. investors can still simply buy and sell their shares on the Hong Kong stock exchange. The inclusion in the Stock Connect Program potentially indicates growing investor demand for Alibaba’s shares from Mainland Chinese investors as well.</p><h2><b>Charlie Munger isn&#39;t worried about a delisting</b></h2><p>Charlie Munger, who is Chairman of The Daily Journal Corporation, is not affected by the possibility of a potential delisting of Alibaba’s ADS from the U.S. stock market. According to the latest 13-Fholding reportfor the company, the company hasn&#39;t sold a share since the previous report and still owned 300 thousand shares of Alibaba, now valued at $27.8M. The portfolio continued to include just five stocks: Bank of America (BAC), POSCO Holdings (PKX), U.S. Bancorp (USB) and Wells Fargo (WFC). The Alibaba holding represented about 20% of The Daily Journal Corporation’s portfolio and it was the third-largest position after Bank of America and Wells Fargo.<img src=\"https://static.tigerbbs.com/45cc7f05bba79e03501285f88b6a69b2\" tg-width=\"1280\" tg-height=\"234\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><h2><b>Alibaba’s e-Commerce value is enormous, but margins may see downward pressure in the short term</b></h2><p>With 1.4B Chinese making up Alibaba’s core market, Alibaba operates in the most attractive e-Commerce geography in the world. Alibaba had 1.3B customer accounts on its various platforms and added 28M new accounts just in FQ4’22. The scale and reach of Alibaba’s e-Commerce platforms, which include retail brands in Pakistan, Turkey and South-East Asia, are unparalleled and it makes up the core value of Alibaba’s growing e-Commerce enterprise.</p><p><img src=\"https://static.tigerbbs.com/b01b0d48b72b264b071a3c770aa0eb7d\" tg-width=\"909\" tg-height=\"300\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Alibaba has suffered from a slowdown in the e-Commerce industry in the last two years. With COVID-19 being a drag on growth, the e-Commerce company generated only 9% revenue growth year-over-year in FQ4’22, which was the slowest growth for Alibaba since it became a public company in 2014.</p><p>Because of top line challenges, Alibaba will have to cut costs and double down on businesses that arecurrently doing wellfor the company such as direct sales and China’s e-Commerce wholesale segment.</p><p>Faced with a more difficult macro environment and the very real prospect of revenue growth dipping into negative territory in FQ1’23, Alibaba may face calls to revamp its cost structure. Alibaba’s costs have been rising despite pressure on the firm’s top line, with cost of revenue increasing 5 PP year over year in FQ4’22 and sales and marketing expenses growing 3 PP.</p><p><img src=\"https://static.tigerbbs.com/8c146620d16c6fcc2d34de0f776702ff\" tg-width=\"1119\" tg-height=\"616\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>With costs going up and revenues trending down, Alibaba’s margins are potentially set to go through a longer period of contraction... at least until revenue growth rebounds. Alibaba’s profit margins have contracted over the last three years, a result of growing competition in the e-Commerce industry.</p><p><img src=\"https://static.tigerbbs.com/94404090577f24fc51738ab2be9dc993\" tg-width=\"1280\" tg-height=\"852\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><h2>What is Alibaba expected to report?</h2><p>Alibaba is expected to report earnings for FQ1’23 before the market open on August 4, and the estimate trend is highly negative. In the last 90 days, there were 7 EPS downward revisions and only 2 upward revision, meaning expectations regarding revenue growth and EPS are very low for the upcoming earnings card. Because China saw wide-spread COVID-19 lockdowns in the second-quarter -- which is Alibaba’s FQ1’23 -- investors may have to brace for a quarter with low single-digit, or even negative, revenue growth.</p><p><img src=\"https://static.tigerbbs.com/9d46a9631950161addf61d301d9a967a\" tg-width=\"640\" tg-height=\"239\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><h2><b>Massively discounted e-Commerce growth</b></h2><p>Alibaba’s top line growth is moderating and expectations are leaning toward the negative. In the worst case, China&#39;s COVID-19 lockdowns may have resulted in negative revenue growth for Alibaba in the last quarter. However, a rebound should be expected in the coming quarters as China’s COVID-19 restrictions have eased. Despite those challenges, Alibaba is expected to bounce back with 13% revenue growth in FY 2024.</p><p>Alibaba’s potential for growth was hugely discounted on Friday, and since the stock has not yet recovered, shares of Alibaba trade at a P/S ratio of 1.6 X and a P/E ratio of 10.6 X.</p><p><img src=\"https://static.tigerbbs.com/d889f1a4b621a6c761f3c1f70e8ff762\" tg-width=\"1280\" tg-height=\"826\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>If Alibaba whiffs on FQ1’23 earnings and revenues on August 4, shares may revalue to the downside. Since I expect results to improve in the second half of the year due to easing COVID-19 lockdowns, however, I would be a buyer of any major dip that occurs after earnings.</p><h2>Risks with Alibaba</h2><p>Alibaba has many risks, but a delisting of its ADS is not one of them. The e-Commerce company will likely report a deceleration in top line growth in its domestic e-Commerce business and, for that reason, margins may come further under pressure. This may result in a lower valuation factor for Alibaba&#39;s shares in the short term, but any selloff would likely also create an attractive buying opportunity. What would change my mind about Alibaba is if the company saw a material decline in its free cash flow prospects and suspended its share buybacks.</p><h2>Final thoughts</h2><p>Charlie Munger is apparently not worried about a delisting of Alibaba&#39;s ADS and the reinvigorated delisting discussion is clouding investors’ perceptions: even if shares were delisted, investors could simply swap their shares and buy/sell Alibaba shares in Hong Kong.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba: Charlie Munger Doesn't Worry About A Delisting</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba: Charlie Munger Doesn't Worry About A Delisting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-04 13:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4529098-alibaba-charlie-munger-doesnt-worry-about-a-delisting><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba’s shares crashed after the company made it onto the SEC’s list of potential delisting candidates last week.Investors are overreacting to the SEC announcement.Alibaba’s shares, heading into ...</p>\n\n<a href=\"https://seekingalpha.com/article/4529098-alibaba-charlie-munger-doesnt-worry-about-a-delisting\">Web Link</a>\n\n</div>\n\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":"https://seekingalpha.com/article/4529098-alibaba-charlie-munger-doesnt-worry-about-a-delisting","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1126573166","content_text":"Alibaba’s shares crashed after the company made it onto the SEC’s list of potential delisting candidates last week.Investors are overreacting to the SEC announcement.Alibaba’s shares, heading into earnings, remain considerably undervalued.Shares of Chinese e-Commerce giant Alibaba Group Holding Limited (NYSE:BABA,OTCPK:BABAF) skidded 11% last Friday after the Securities and Exchange Commission added the company to its list of potential delisting candidates and investors started to panic. One investor, however, doesnot seem to be disturbed by Alibaba’s delisting risk: Charlie Munger. In a recent 13-F holdings report, the Daily Journal Corporation (DJCO), which is overseen by Charlie Munger, hasn't sold a single share since its last report. Delisting risks are grossly and irresponsibly exaggerated and Alibaba represents great value on the sell-off!New threats from the SECThe Securities and Exchange CommissionaddedAlibaba to its list of potential delisting candidates last Friday, creating pressure on shares of Alibaba. Under the Holding Foreign Companies Accountable Act, U.S. stock exchanges can delist securities of (foreign) issuers if the Public Company Accounting Oversight Board cannot inspect the audit papers of companies located in a foreign jurisdiction. Foreign companies -- mostly Chinese companies with ADS listings on a U.S. stock exchange -- could potentially be delisted by the SEC if they fail to submit to a PCAOB audit for three consecutive years.Alibaba had previously not been specifically mentioned by the SEC, but now has made it onto the SEC’s list of potential delisting candidates. This does not mean that a delisting is imminent, however. It merely means that the SEC has identified Alibaba as one of many companies that could potentially be delisted if certain disclosure and transparency requirements are not met in the future.Why there is no reason to worry about a delistingAlibaba is pursuing a dual primary listing on the New York Stock Exchange and the Hong Kong Stock Exchange. Alibaba expects to complete theprimary listing processin Hong Kong by the end of the year, at which point Alibaba will have transitioned from a secondary to a primary status. A primary listing status in Hong Kong comes with more stringent reporting rules, but also allows participation in Hong Kong’s “Stock Connect Program” which would allow Mainland Chinese investors to purchase Alibaba’s Hong Kong shares through their Mainland stock exchanges.So, even in the worst case of a forced U.S. delisting, U.S. investors can still simply buy and sell their shares on the Hong Kong stock exchange. The inclusion in the Stock Connect Program potentially indicates growing investor demand for Alibaba’s shares from Mainland Chinese investors as well.Charlie Munger isn't worried about a delistingCharlie Munger, who is Chairman of The Daily Journal Corporation, is not affected by the possibility of a potential delisting of Alibaba’s ADS from the U.S. stock market. According to the latest 13-Fholding reportfor the company, the company hasn't sold a share since the previous report and still owned 300 thousand shares of Alibaba, now valued at $27.8M. The portfolio continued to include just five stocks: Bank of America (BAC), POSCO Holdings (PKX), U.S. Bancorp (USB) and Wells Fargo (WFC). The Alibaba holding represented about 20% of The Daily Journal Corporation’s portfolio and it was the third-largest position after Bank of America and Wells Fargo.Alibaba’s e-Commerce value is enormous, but margins may see downward pressure in the short termWith 1.4B Chinese making up Alibaba’s core market, Alibaba operates in the most attractive e-Commerce geography in the world. Alibaba had 1.3B customer accounts on its various platforms and added 28M new accounts just in FQ4’22. The scale and reach of Alibaba’s e-Commerce platforms, which include retail brands in Pakistan, Turkey and South-East Asia, are unparalleled and it makes up the core value of Alibaba’s growing e-Commerce enterprise.Alibaba has suffered from a slowdown in the e-Commerce industry in the last two years. With COVID-19 being a drag on growth, the e-Commerce company generated only 9% revenue growth year-over-year in FQ4’22, which was the slowest growth for Alibaba since it became a public company in 2014.Because of top line challenges, Alibaba will have to cut costs and double down on businesses that arecurrently doing wellfor the company such as direct sales and China’s e-Commerce wholesale segment.Faced with a more difficult macro environment and the very real prospect of revenue growth dipping into negative territory in FQ1’23, Alibaba may face calls to revamp its cost structure. Alibaba’s costs have been rising despite pressure on the firm’s top line, with cost of revenue increasing 5 PP year over year in FQ4’22 and sales and marketing expenses growing 3 PP.With costs going up and revenues trending down, Alibaba’s margins are potentially set to go through a longer period of contraction... at least until revenue growth rebounds. Alibaba’s profit margins have contracted over the last three years, a result of growing competition in the e-Commerce industry.What is Alibaba expected to report?Alibaba is expected to report earnings for FQ1’23 before the market open on August 4, and the estimate trend is highly negative. In the last 90 days, there were 7 EPS downward revisions and only 2 upward revision, meaning expectations regarding revenue growth and EPS are very low for the upcoming earnings card. Because China saw wide-spread COVID-19 lockdowns in the second-quarter -- which is Alibaba’s FQ1’23 -- investors may have to brace for a quarter with low single-digit, or even negative, revenue growth.Massively discounted e-Commerce growthAlibaba’s top line growth is moderating and expectations are leaning toward the negative. In the worst case, China's COVID-19 lockdowns may have resulted in negative revenue growth for Alibaba in the last quarter. However, a rebound should be expected in the coming quarters as China’s COVID-19 restrictions have eased. Despite those challenges, Alibaba is expected to bounce back with 13% revenue growth in FY 2024.Alibaba’s potential for growth was hugely discounted on Friday, and since the stock has not yet recovered, shares of Alibaba trade at a P/S ratio of 1.6 X and a P/E ratio of 10.6 X.If Alibaba whiffs on FQ1’23 earnings and revenues on August 4, shares may revalue to the downside. Since I expect results to improve in the second half of the year due to easing COVID-19 lockdowns, however, I would be a buyer of any major dip that occurs after earnings.Risks with AlibabaAlibaba has many risks, but a delisting of its ADS is not one of them. The e-Commerce company will likely report a deceleration in top line growth in its domestic e-Commerce business and, for that reason, margins may come further under pressure. This may result in a lower valuation factor for Alibaba's shares in the short term, but any selloff would likely also create an attractive buying opportunity. What would change my mind about Alibaba is if the company saw a material decline in its free cash flow prospects and suspended its share buybacks.Final thoughtsCharlie Munger is apparently not worried about a delisting of Alibaba's ADS and the reinvigorated delisting discussion is clouding investors’ perceptions: even if shares were delisted, investors could simply swap their shares and buy/sell Alibaba shares in Hong Kong.","news_type":1},"isVote":1,"tweetType":1,"viewCount":488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9908824853,"gmtCreate":1659362589572,"gmtModify":1705979506780,"author":{"id":"3576377724201605","authorId":"3576377724201605","name":"JHCC88","avatar":"https://static.tigerbbs.com/e663c5e8dfe9e28297eaff8dd741d4c8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576377724201605","authorIdStr":"3576377724201605"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a><v-v data-views=\"1\"></v-v>Definitely bullish!!&nbsp;","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a><v-v data-views=\"1\"></v-v>Definitely bullish!!&nbsp;","text":"$Alibaba(BABA)$Definitely bullish!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9908824853","isVote":1,"tweetType":1,"viewCount":641,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9038396683,"gmtCreate":1646734374922,"gmtModify":1676534156260,"author":{"id":"3576377724201605","authorId":"3576377724201605","name":"JHCC88","avatar":"https://static.tigerbbs.com/e663c5e8dfe9e28297eaff8dd741d4c8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576377724201605","authorIdStr":"3576377724201605"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a>Still buying the dips, because fundamentals.. 😛","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a>Still buying the dips, because fundamentals.. 😛","text":"$Alibaba(BABA)$Still buying the dips, because fundamentals.. 😛","images":[{"img":"https://static.itradeup.com/news/906916fb77e5070b2d469e2f2bd88251","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038396683","isVote":1,"tweetType":1,"viewCount":930,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9031730738,"gmtCreate":1646664399255,"gmtModify":1676534148172,"author":{"id":"3576377724201605","authorId":"3576377724201605","name":"JHCC88","avatar":"https://static.tigerbbs.com/e663c5e8dfe9e28297eaff8dd741d4c8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576377724201605","authorIdStr":"3576377724201605"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a>🤪🤪🤪","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a>🤪🤪🤪","text":"$Alibaba(BABA)$🤪🤪🤪","images":[{"img":"https://static.itradeup.com/news/bfa6b23a9ac94f38728c5eea66da0de4","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031730738","isVote":1,"tweetType":1,"viewCount":487,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":863842176,"gmtCreate":1632378086795,"gmtModify":1676530767846,"author":{"id":"3576377724201605","authorId":"3576377724201605","name":"JHCC88","avatar":"https://static.tigerbbs.com/e663c5e8dfe9e28297eaff8dd741d4c8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576377724201605","authorIdStr":"3576377724201605"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/D05.SI\">$DBS GROUP HOLDINGS LTD(D05.SI)$</a>NOW OR NEVER! ??","listText":"<a href=\"https://laohu8.com/S/D05.SI\">$DBS GROUP HOLDINGS LTD(D05.SI)$</a>NOW OR NEVER! ??","text":"$DBS GROUP HOLDINGS LTD(D05.SI)$NOW OR NEVER! ??","images":[{"img":"https://static.tigerbbs.com/254da6390a4c9ab3298282fcb99c96c2","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/863842176","isVote":1,"tweetType":1,"viewCount":550,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3559102890148495","authorId":"3559102890148495","name":"666huat666","avatar":"https://community-static.tradeup.com/news/aaee715fb6027f469a083e0084bbd67c","crmLevel":6,"crmLevelSwitch":1,"idStr":"3559102890148495","authorIdStr":"3559102890148495"},"content":"same lucky to buy back yesterday","text":"same lucky to buy back yesterday","html":"same lucky to buy back yesterday"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":869990324,"gmtCreate":1632233155968,"gmtModify":1676530730757,"author":{"id":"3576377724201605","authorId":"3576377724201605","name":"JHCC88","avatar":"https://static.tigerbbs.com/e663c5e8dfe9e28297eaff8dd741d4c8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576377724201605","authorIdStr":"3576377724201605"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>Are we still buying dropping knife? Fuck yes… ??","listText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>Are we still buying dropping knife? Fuck yes… ??","text":"$Alibaba(BABA)$Are we still buying dropping knife? Fuck yes… ??","images":[{"img":"https://static.tigerbbs.com/7f58165af38275982ae52914c68050cd","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/869990324","isVote":1,"tweetType":1,"viewCount":418,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":860950428,"gmtCreate":1632125635164,"gmtModify":1676530705712,"author":{"id":"3576377724201605","authorId":"3576377724201605","name":"JHCC88","avatar":"https://static.tigerbbs.com/e663c5e8dfe9e28297eaff8dd741d4c8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576377724201605","authorIdStr":"3576377724201605"},"themes":[],"htmlText":"Given the recent drastic increase in COVID cases, it will definitely affect our local business, less those high-end luxury goods brand (LV/ Chanel, etc), since consumers wants to spend, but no where to spend, i.e: overseas, leisure activities more or less are affected.&nbsp;Will this affect DBS share prices? Please share your opinion. My POV, causes bullish decline. Since banking systems are positively&nbsp;correlated to business expenditure locally.&nbsp;","listText":"Given the recent drastic increase in COVID cases, it will definitely affect our local business, less those high-end luxury goods brand (LV/ Chanel, etc), since consumers wants to spend, but no where to spend, i.e: overseas, leisure activities more or less are affected.&nbsp;Will this affect DBS share prices? Please share your opinion. My POV, causes bullish decline. Since banking systems are positively&nbsp;correlated to business expenditure locally.&nbsp;","text":"Given the recent drastic increase in COVID cases, it will definitely affect our local business, less those high-end luxury goods brand (LV/ Chanel, etc), since consumers wants to spend, but no where to spend, i.e: overseas, leisure activities more or less are affected. Will this affect DBS share prices? Please share your opinion. My POV, causes bullish decline. Since banking systems are positively correlated to business expenditure locally.","images":[{"img":"https://static.tigerbbs.com/58df34b1bcb6beefc4be296099247758","width":"1125","height":"2774"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860950428","isVote":1,"tweetType":1,"viewCount":864,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":860924090,"gmtCreate":1632125331310,"gmtModify":1676530705646,"author":{"id":"3576377724201605","authorId":"3576377724201605","name":"JHCC88","avatar":"https://static.tigerbbs.com/e663c5e8dfe9e28297eaff8dd741d4c8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576377724201605","authorIdStr":"3576377724201605"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>Beliefs… ?????? like if you do too!&nbsp;","listText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>Beliefs… ?????? like if you do too!&nbsp;","text":"$Alibaba(BABA)$Beliefs… ?????? like if you do too!","images":[{"img":"https://static.tigerbbs.com/109ce2f78fe32ed33b756e4c0afabda3","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860924090","isVote":1,"tweetType":1,"viewCount":477,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":true}