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kerukel88

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- kerukel88kerukel88
  ·2023-03-16
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- kerukel88kerukel88
  ·2022-12-20
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- kerukel88kerukel88
  ·2022-12-08
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- kerukel88kerukel88
  ·2022-12-07
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  NIO And BYD Are Converging
  SummaryNIO Inc. and BYD Company Limited are essentially tales of their own, with one being an EV-pur
  NIO And BYD Are Converging
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- kerukel88kerukel88
  ·2022-12-06
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- kerukel88kerukel88
  ·2022-11-30
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- kerukel88kerukel88
  ·2022-11-29
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  Elon Musk Calls Out Apple and CEO Tim Cook
  'It is in this context that Musk said on Nov. 28 that Apple - Get Free Reporthad stopped running its ads on Twitter. He even went so far as to publicly challenge CEO Cook by name."Apple has mostly stopped advertising on Twitter," the billionaire wrote. "Do they hate free speech in America?" Musk asked.Apple didn't immediately respond to a request for comment."Apple has spent $40 million on Twitter advertising so far this year," which makes the tech giant "one of Twitter’s top advertisers in 202
  Elon Musk Calls Out Apple and CEO Tim Cook
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- kerukel88kerukel88
  ·2022-11-24
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  2 Growth Stocks With 124% and 192% Upside From Their 52-Week Lows, According to Wall Street
  Some Wall Street analysts are forecasting triple-digit returns for shareholders of these growth stocks.
  2 Growth Stocks With 124% and 192% Upside From Their 52-Week Lows, According to Wall Street
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- kerukel88kerukel88
  ·2022-11-21
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- kerukel88kerukel88
  ·2022-11-17
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to auto manufacturing, with one being an electric vehicle (“EV”) pureplay start-up and the other being a vertically integrated ICE-turned-electric legacy automaker, they now appear to be converging into each other’s turf as competition ramps up. Not long after NIO announced its intentions to break into the tier 3+ market across China to better serve mass market needs, BYD followed suit with two planned sub-brands to penetrate the premium electric passenger vehicle market.</p><p>Admittedly, BYD’s market share is substantially larger than NIO’s today – both at home and overseas – while also boasting better fundamentals, which would be supportive of its foray in the premium vehicle segment. Yet, NIO’s penetration into mass-market opportunities could also benefit by driving the volume of scale needed to support its breakeven timeline, which consensus projects to occur by or around mid-decade, while management expects to occur as soon as the third quarter of 2023.</p><p>The following analysis will go over both Chinese automakers’ respective market share expansion strategies via their planned sub-brands, and gauge the opportunity that exists for both as well as their implications on both stocks’ prospects.</p><h2><a href=\"https://laohu8.com/S/NIO\">NIO</a></h2><h3>Overview Of Sub-Brand Strategy</h3><p>NIO first announced plans for a mass market sub-brand in August 2021, which aligned with its longer-term strategy of building a greater presence in China’s smaller tier 3+ cities and further expand its share of the country’s fast-expanding EV market.</p><blockquote>As management had discussed during the second quarter, the sub-brand will aim to offer more affordably priced vehicles to drive higher mass-market appeal. The strategic move is expected to help NIO compete for higher market share, especially in the price segment of Tesla’s (TSLA) Model Y/3, while providing “much better service.” <i>Source: “Can NIO Stock Recover in 2022?”</i></blockquote><p>The sub-brand, currently expected to launch in 2024, is also expected to be more competitively priced, with vehicle MSRPs in the range of RMB 200,000 ($30,000) to RMB 300,000 ($44,000), taking on a broader cohort of mass market rivals including BYD. The sub-brand’s launch timeline also coincides with the start of production schedule for NIO’s first in-house 800-V battery packs, which would “enable longer ranges and faster charging” compared to general mass market offerings that are currently fitted with 400-V battery packs. NIO also boasts a competitive digital portfolio today that includes in-vehicle AI “NOMI,” “NAD” ADAS, and battery swapping technology that will likely be leveraged by its sub-brands either as an embedded or add-on feature to bolster profit margins. Paired with NIO’s recently launched NT 2.0 vehicle platform, which boasts higher profit margins than its predecessor, the company’s sub-brand products are likely well-positioned for attractive manufacturing economics, while also posing a technological appeal to the burgeoning EV market in China.</p><p>NIO likely has another sub-brand under the wraps as well that is speculated to involve offerings starting at RMB 100,000 ($15,000). This would put it in direct competition against SAIC-GM-Wuling, the current EV market leader in China that has captured the likes of budget-sensitive consumers in the tier 3+ markets with its “Hongguang Mini” priced at an impressive $5,000, and its newest “Baojun KiWi” priced at $11,000.</p><h3>The Opportunity</h3><p>China currently houses the largest share of the global EV market, accounting for more than half of global EV sales. EV sales in the country has already reached a penetration rate of more than 20% (or more than a quarter counting hybrid plug-ins), with adoption being most prominent in more affluent tier 1 and tier 2 cities like Shanghai and Beijing. The trends have favored NIO in recent years, as its share of premium EV sales across the tier 1 and tier 2 cities like Shanghai have steadily grown – as of last year, the company’s portfolio of electric premium SUVs grabbed a 23% share of the passenger vehicle market priced above RMB 350,000 ($50,000+) in China’s financial hub. With an expectation that consistent growth trends would spill into tier 3 and tier 4 cities over the longer-term, NIO management has made mass market penetration a key initiative in its growth plan, hence the planned sub-brands.</p><p>Thanks to favorable policy support from the central government, as well as improving range and increasing availability of public charging infrastructure across China, EV sales in the country are starting to gain momentum &#34;beyond the biggest cities.” Over the past two years, tier 2 and tier 3 cities saw the fastest growth in EV sales, from about 4.5% penetration in 2020 to more than 25% in the current year. Meanwhile, demand from tier 4+ cities with a population ranging from 500,000 to under 1 million have also started to pick-up, with EV sales penetration expanding from under 3.5% in 2020 to nearly 20% in the current year.</p><p>The remaining growth headroom observed pertaining to EV demand in tier 3+ cities are expected to bode favorably for NIO by the time its sub-brand rolls out in 2024. Between now and then, public charging infrastructure availability is expected to become more prominent in “smaller cities and towns” while “city-level policies that restrict the number of new license plates issues” start to ease in accordance to the nationwide mandate to support EV adoption and decarbonization, which would make strong tailwinds for NIO’s planned mass market offerings.</p><h3>Risks To Consider</h3><p>Yet, the Chinese EV landscape is also becoming increasingly competitive. And NIO is not the only EV pureplay looking to better capture global market share by expanding into mass market offerings. In addition to BYD and SAIC-GM-Wuling as mentioned in the earlier section, EV pureplay rivals like XPeng (XPEV) have also introduced models in the sub-$30,000 price range, while Tesla’s Model 3 remains a favorite with increasingly attractive pricing.</p><p>As discussed in a previous coverage on NIO, the company risks facing a pricing war in the near-term as competition ramps up, especially as consumer sentiment in the country wanes ahead of mounting macroeconomic uncertainties:</p><blockquote>Despite NIO’s in line 3Q22 sales, the drumbeat is growing louder on concerns over consumer weakness heading into the fourth quarter. COVID-induced mobility restrictions and production disruptions are hampering both supply and demand functions of the company’s profit and growth prospects, souring investors’ confidence in the stock. EV industry leader Tesla’s recent decision to pull the “pricing lever” in the region is also dialing up risks of a pricing war in China’s increasingly competitive EV market. <i>Source: “Is NIO Stock A Buy After Q3’22 Earnings? Keep Your Eyes On COVID Zero.”</i></blockquote><p>But the delayed roll-out of NIO’s mass market offering until 2024 could offer a time cushion for the company to better weather through the near-term industry-specific and macroeconomic headwinds. For one, supply chain constraints stemming from the pandemic and the Russia-Ukraine war – particularly on auto semiconductors – are already showing structural signs of easing. Meanwhile, China’s record-setting household savings of $1.8 trillion YTD, or household savings rate of 30%, accumulated as a pre-emptive measure against looming macroeconomic uncertainties today could also imply a better demand environment in 2024 when cyclical challenges ease. As such, the launch of NIO’s sub-brands scheduled for 2024 could come at an opportune time when the global macroeconomic outlook is expected to improve while the transition to electric continues to gain momentum, offsetting some of the demand risks stemming from increasing competition.</p><h2>Fundamental And Valuation Implications</h2><p>The anticipated growth prospects stemming from NIO’s penetration in mass market opportunities with its planned sub-brands are not going to come at a cheap price. Auto manufacturing is one of the most capital-intensive endeavors out there – especially for those that are vertically integrated.</p><p>Yet, NIO’s “semi-vertically integrated” manufacturing strategy, which involves in-house designed platforms (and ultimately, battery packs) and internal productions at its joint venture facility with Jianghuai Automobile Group (“JAC”) and partly municipal-owned facility at NeoPark, is expected to absorb some of the high ramp-up costs. The anticipated increase in demand for its mass market products is also expected to drive improved volumes to enable better economies of scale, especially if the company adopts a cross-brand platform-sharing strategy, which will likely fast-track its margin expansion trajectory towards and beyond breakeven by mid-decade.</p><p>However, given materialization of said anticipated profits bolstered by NIO’s mass market penetration strategy is still further out into the future, related upside potential may take more time to come into fruition, which inadvertently, means a higher investment risk. This is a particularly critical consideration in today’s market climate for Chinese equities, especially those that are not yet profitable like NIO, given uncertainties spanning regulatory, macroeconomic, and geopolitical challenges.</p><h2><a href=\"https://laohu8.com/S/BYDDY\">BYD</a></h2><h3>Overview Of Sub-Brand Strategy</h3><p>Differing from NIO, BYD is already an established automaker with a sprawling presence across China’s passenger vehicle market (and to a smaller extent, the global commercial vehicle market). Having just transitioned completely from the sale of ICE models to only new energy vehicles including hybrid plug-ins earlier this year, BYD has already taken China’s EV market by storm, with monthly sales by unit consistently exceeding six figures and setting new records. It is also one of the few legacy automakers that have managed to penetrate the burgeoning EV market at a profitable rate within a short period.</p><p>Known for its prowess in the mass market vehicle segment, the legacy Chinese automaker is now planning its debut in the premium EV segment in early 2023 via its first sub-brand, “Yangwang” – a contrast to NIO’s longer-term growth strategy. The automaker is slated to debut a premium off-road electric SUV, dubbed the “R1,” as its first product under the Yangwang sub-brand, which will be priced in the RMB 800,000 to RMB 1.5 million range ($110,300 to $200,000+). Similar to BYD’s current new energy offerings, the Yangwang R1 will be offered in a battery-electric (“BEV”) powertrain and plug-in hybrid (“PHEV”) power-train capable of up to 650 hp, with a five- and seven-seater option, and be the “most expensive BYD ever.”</p><p>The company has also recently announced intentions of another new brand that “specializes in professional and personalized identifies” as it looks to “build up its brand matrix” and better penetrate overseas opportunities across Asia, Europe, Latin America and other markets. Although details on the second sub-brand remain limited, it will likely complement Yangwang and help usher BYD into China’s “luxury SUV and sports car markets…[which] are the two most profitable vehicle segments [that it] does not have exposure to” yet. Given BYD is already profitable, the higher-priced premium offerings will likely further reinforce its margin expansion trajectory into the longer-term, and bolster its competitive advantage against premium rivals in the market.</p><h3>The Opportunity</h3><p>While EV penetration in the more affluent tier 1 and tier 2 cities across China is substantially higher than in smaller cities where lower-priced mass market offerings take a precedent appeal, there is still significant growth headroom remaining in the premium EV segment for BYD. As mentioned in the earlier section, EV penetration in Shanghai already exceeds 50%, while in the broader tier 1 and tier 2 cities it averages more than 36%. Plug-in hybrid SUVs are also of greater appeal, accounting for close to a quarter of China’s new passenger vehicle sales today, while remaining the fastest-growing EV segment, which makes strong tailwinds for BYD’s upcoming Yangwang R1 debut (recall that the R1 comes in both the BEV and PHEV powertrain).</p><p>Market participants also anticipate BYD’s upcoming sub-brands to produce “the kind of EVs fit for the U.S., a market BYD has yet to enter.” This fits with BYD’s overseas aspirations for its passenger EV business over the longer-term, and would be a favorable complement to its existing presence in North America via its commercial EV sales. The U.S. EV market is expected to see a meaningful increase in adoption rates over coming years, thanks to favorable policy support like the latest “Inflation Reduction Act” (“IRA”), as well as broader improvements to EV battery technologies and range capabilities. Specifically, U.S. EV demand is expected to expand at a five-year CAGR of 28% through 2026, with further acceleration into the second half of the decade. Paired with a similar growth outlook in Canada (though at a comparatively nominal volume on a unit basis), Yangwang and other sub-brand offerings could potentially become an overseas share gainer for BYD.</p><h3>Risks To Consider</h3><p>While competition comes to mind as a top risk for automakers, BYD’s reputation as a quality mass market vehicle manufacturer could alleviate some of the said challenges. This is further corroborated by BYD’s pricing power with continued market share gains despite a recent decision to increase its vehicle MSRPs, as opposed to price cuts implemented by Tesla in an attempt to shore up demand.</p><p>Instead, a key concern is BYD’s lack of presence in cutting-edge technological competencies, which premium EVs offered by NIO and Tesla tend to use as key selling points:</p><blockquote>What BYD lacks that others have is more of a digital DNA…BYD is still a hardware company. As good as it is assembling an EV profitably at scale, it hasn’t proven itself to be a tech-driven software-defined technology company. Source: Bloomberg</blockquote><p>While BYD intends for Yangwang to “build a high-end brand with disruptive technologies and products,” there has yet to be any details pertaining to the R1 that would differentiate the premium electric SUV from a digital aspect. Aside from potential ADAS features (which are pretty much standard across premium offerings at this point) speculated from BYD-released images that show the vehicle’s integration of LiDAR sensors, the company has yet to release much information about the vehicle’s performance, range capability, nor technological features. While BYD’s robust balance sheet could fund the development of software capabilities required for differentiation against competing premium offerings, relate innovations would take time to materialize, risking a costly catch-up game in the concentrated premium EV market.</p><h2>Fundamental And Valuation Implications</h2><p>In contrast to NIO, BYD is already a profitable company, with margins set for continued expansion as production ramps up on both its existing and upcoming vehicle models. And as mentioned in the earlier section, BYD’s upcoming foray in China’s premium electric SUV market would be beneficial to its bottom-line given said products would be priced higher to offset near-term ramp-up costs, with greater demand in the lucrative vehicle segment expected to support longer-term margin expansion through scale. With related operating cash flow generation realizable in the immediate term, BYD is also less vulnerable to the investment risks facing NIO as discussed in the earlier section.</p><p>The stock is currently trading at a significant discount of 1.4x forward EV/sales compared to an average of about 4.1x among U.S. counterparts and 1.7x among Chinese EV start-ups. Given its profitable growth prospects both within the immediate- and over the longer-term, BYD makes a reasonable investment at current levels. But like all Chinese equities, BYD faces a slew of risks specific to the cohort, including China’s macroeconomic uncertainties (e.g., property slump, COVID Zero impacts, etc.) and regulatory challenges. Although BYD’s robust balance sheet has made its valuation relatively less vulnerable to the years-long selloff in Chinese equities, existing and potential investors in the stock should remain aware and not overlook said risks.</p><h2>Final Thoughts</h2><p>Based on the foregoing analysis on NIO and BYD’s longer-term market share expansion strategies, both legacy and start-up Chinese EV makers alike show favorable growth prospects as the global transition to electric continues. While converging strategies will likely introduce further competition within the already highly concentrated EV landscape in China, significant opportunities remain across all vehicle and pricing segments, underscoring the still-nascent nature of the EV industry.</p><p>With NIO being an EV upstart that has already established a reputation for making quality and innovative EVs, and BYD being a legacy automaker that has proven a profitable transition to electric is possible, both companies are well-positioned for further market share gains within and beyond the Chinese EV market. This would accordingly support favorable long-term upside potential for both stocks from current levels, especially BYD which boasts better immediate and future fundamental prospects, though macroeconomic, geopolitical, and regulatory risks will remain an overhang on their performance.</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>NIO And BYD Are Converging</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\">\nNIO And BYD Are Converging\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-07 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4562669-nio-and-byd-are-converging><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryNIO Inc. and BYD Company Limited are essentially tales of their own, with one being an EV-pureplay upstart, and the other a legacy ICE-turned-electric automaker with dibs across the auto supply...</p>\n\n<a href=\"https://seekingalpha.com/article/4562669-nio-and-byd-are-converging\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BYDDY":"比亚迪ADR","002594":"比亚迪","NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4562669-nio-and-byd-are-converging","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122736605","content_text":"SummaryNIO Inc. and BYD Company Limited are essentially tales of their own, with one being an EV-pureplay upstart, and the other a legacy ICE-turned-electric automaker with dibs across the auto supply chain.Yet, their paths may be converging as China's EV market opportunities grow.The following analysis will provide an overview of how NIO and BYD's longer-term growth strategies are converging, discuss the risks and opportunities facing each, and gauge their respective valuation implications.While NIO Inc. and BYD Company Limited both started off on a different path when it comes to auto manufacturing, with one being an electric vehicle (“EV”) pureplay start-up and the other being a vertically integrated ICE-turned-electric legacy automaker, they now appear to be converging into each other’s turf as competition ramps up. Not long after NIO announced its intentions to break into the tier 3+ market across China to better serve mass market needs, BYD followed suit with two planned sub-brands to penetrate the premium electric passenger vehicle market.Admittedly, BYD’s market share is substantially larger than NIO’s today – both at home and overseas – while also boasting better fundamentals, which would be supportive of its foray in the premium vehicle segment. Yet, NIO’s penetration into mass-market opportunities could also benefit by driving the volume of scale needed to support its breakeven timeline, which consensus projects to occur by or around mid-decade, while management expects to occur as soon as the third quarter of 2023.The following analysis will go over both Chinese automakers’ respective market share expansion strategies via their planned sub-brands, and gauge the opportunity that exists for both as well as their implications on both stocks’ prospects.NIOOverview Of Sub-Brand StrategyNIO first announced plans for a mass market sub-brand in August 2021, which aligned with its longer-term strategy of building a greater presence in China’s smaller tier 3+ cities and further expand its share of the country’s fast-expanding EV market.As management had discussed during the second quarter, the sub-brand will aim to offer more affordably priced vehicles to drive higher mass-market appeal. The strategic move is expected to help NIO compete for higher market share, especially in the price segment of Tesla’s (TSLA) Model Y/3, while providing “much better service.” Source: “Can NIO Stock Recover in 2022?”The sub-brand, currently expected to launch in 2024, is also expected to be more competitively priced, with vehicle MSRPs in the range of RMB 200,000 ($30,000) to RMB 300,000 ($44,000), taking on a broader cohort of mass market rivals including BYD. The sub-brand’s launch timeline also coincides with the start of production schedule for NIO’s first in-house 800-V battery packs, which would “enable longer ranges and faster charging” compared to general mass market offerings that are currently fitted with 400-V battery packs. NIO also boasts a competitive digital portfolio today that includes in-vehicle AI “NOMI,” “NAD” ADAS, and battery swapping technology that will likely be leveraged by its sub-brands either as an embedded or add-on feature to bolster profit margins. Paired with NIO’s recently launched NT 2.0 vehicle platform, which boasts higher profit margins than its predecessor, the company’s sub-brand products are likely well-positioned for attractive manufacturing economics, while also posing a technological appeal to the burgeoning EV market in China.NIO likely has another sub-brand under the wraps as well that is speculated to involve offerings starting at RMB 100,000 ($15,000). This would put it in direct competition against SAIC-GM-Wuling, the current EV market leader in China that has captured the likes of budget-sensitive consumers in the tier 3+ markets with its “Hongguang Mini” priced at an impressive $5,000, and its newest “Baojun KiWi” priced at $11,000.The OpportunityChina currently houses the largest share of the global EV market, accounting for more than half of global EV sales. EV sales in the country has already reached a penetration rate of more than 20% (or more than a quarter counting hybrid plug-ins), with adoption being most prominent in more affluent tier 1 and tier 2 cities like Shanghai and Beijing. The trends have favored NIO in recent years, as its share of premium EV sales across the tier 1 and tier 2 cities like Shanghai have steadily grown – as of last year, the company’s portfolio of electric premium SUVs grabbed a 23% share of the passenger vehicle market priced above RMB 350,000 ($50,000+) in China’s financial hub. With an expectation that consistent growth trends would spill into tier 3 and tier 4 cities over the longer-term, NIO management has made mass market penetration a key initiative in its growth plan, hence the planned sub-brands.Thanks to favorable policy support from the central government, as well as improving range and increasing availability of public charging infrastructure across China, EV sales in the country are starting to gain momentum \"beyond the biggest cities.” Over the past two years, tier 2 and tier 3 cities saw the fastest growth in EV sales, from about 4.5% penetration in 2020 to more than 25% in the current year. Meanwhile, demand from tier 4+ cities with a population ranging from 500,000 to under 1 million have also started to pick-up, with EV sales penetration expanding from under 3.5% in 2020 to nearly 20% in the current year.The remaining growth headroom observed pertaining to EV demand in tier 3+ cities are expected to bode favorably for NIO by the time its sub-brand rolls out in 2024. Between now and then, public charging infrastructure availability is expected to become more prominent in “smaller cities and towns” while “city-level policies that restrict the number of new license plates issues” start to ease in accordance to the nationwide mandate to support EV adoption and decarbonization, which would make strong tailwinds for NIO’s planned mass market offerings.Risks To ConsiderYet, the Chinese EV landscape is also becoming increasingly competitive. And NIO is not the only EV pureplay looking to better capture global market share by expanding into mass market offerings. In addition to BYD and SAIC-GM-Wuling as mentioned in the earlier section, EV pureplay rivals like XPeng (XPEV) have also introduced models in the sub-$30,000 price range, while Tesla’s Model 3 remains a favorite with increasingly attractive pricing.As discussed in a previous coverage on NIO, the company risks facing a pricing war in the near-term as competition ramps up, especially as consumer sentiment in the country wanes ahead of mounting macroeconomic uncertainties:Despite NIO’s in line 3Q22 sales, the drumbeat is growing louder on concerns over consumer weakness heading into the fourth quarter. COVID-induced mobility restrictions and production disruptions are hampering both supply and demand functions of the company’s profit and growth prospects, souring investors’ confidence in the stock. EV industry leader Tesla’s recent decision to pull the “pricing lever” in the region is also dialing up risks of a pricing war in China’s increasingly competitive EV market. Source: “Is NIO Stock A Buy After Q3’22 Earnings? Keep Your Eyes On COVID Zero.”But the delayed roll-out of NIO’s mass market offering until 2024 could offer a time cushion for the company to better weather through the near-term industry-specific and macroeconomic headwinds. For one, supply chain constraints stemming from the pandemic and the Russia-Ukraine war – particularly on auto semiconductors – are already showing structural signs of easing. Meanwhile, China’s record-setting household savings of $1.8 trillion YTD, or household savings rate of 30%, accumulated as a pre-emptive measure against looming macroeconomic uncertainties today could also imply a better demand environment in 2024 when cyclical challenges ease. As such, the launch of NIO’s sub-brands scheduled for 2024 could come at an opportune time when the global macroeconomic outlook is expected to improve while the transition to electric continues to gain momentum, offsetting some of the demand risks stemming from increasing competition.Fundamental And Valuation ImplicationsThe anticipated growth prospects stemming from NIO’s penetration in mass market opportunities with its planned sub-brands are not going to come at a cheap price. Auto manufacturing is one of the most capital-intensive endeavors out there – especially for those that are vertically integrated.Yet, NIO’s “semi-vertically integrated” manufacturing strategy, which involves in-house designed platforms (and ultimately, battery packs) and internal productions at its joint venture facility with Jianghuai Automobile Group (“JAC”) and partly municipal-owned facility at NeoPark, is expected to absorb some of the high ramp-up costs. The anticipated increase in demand for its mass market products is also expected to drive improved volumes to enable better economies of scale, especially if the company adopts a cross-brand platform-sharing strategy, which will likely fast-track its margin expansion trajectory towards and beyond breakeven by mid-decade.However, given materialization of said anticipated profits bolstered by NIO’s mass market penetration strategy is still further out into the future, related upside potential may take more time to come into fruition, which inadvertently, means a higher investment risk. This is a particularly critical consideration in today’s market climate for Chinese equities, especially those that are not yet profitable like NIO, given uncertainties spanning regulatory, macroeconomic, and geopolitical challenges.BYDOverview Of Sub-Brand StrategyDiffering from NIO, BYD is already an established automaker with a sprawling presence across China’s passenger vehicle market (and to a smaller extent, the global commercial vehicle market). Having just transitioned completely from the sale of ICE models to only new energy vehicles including hybrid plug-ins earlier this year, BYD has already taken China’s EV market by storm, with monthly sales by unit consistently exceeding six figures and setting new records. It is also one of the few legacy automakers that have managed to penetrate the burgeoning EV market at a profitable rate within a short period.Known for its prowess in the mass market vehicle segment, the legacy Chinese automaker is now planning its debut in the premium EV segment in early 2023 via its first sub-brand, “Yangwang” – a contrast to NIO’s longer-term growth strategy. The automaker is slated to debut a premium off-road electric SUV, dubbed the “R1,” as its first product under the Yangwang sub-brand, which will be priced in the RMB 800,000 to RMB 1.5 million range ($110,300 to $200,000+). Similar to BYD’s current new energy offerings, the Yangwang R1 will be offered in a battery-electric (“BEV”) powertrain and plug-in hybrid (“PHEV”) power-train capable of up to 650 hp, with a five- and seven-seater option, and be the “most expensive BYD ever.”The company has also recently announced intentions of another new brand that “specializes in professional and personalized identifies” as it looks to “build up its brand matrix” and better penetrate overseas opportunities across Asia, Europe, Latin America and other markets. Although details on the second sub-brand remain limited, it will likely complement Yangwang and help usher BYD into China’s “luxury SUV and sports car markets…[which] are the two most profitable vehicle segments [that it] does not have exposure to” yet. Given BYD is already profitable, the higher-priced premium offerings will likely further reinforce its margin expansion trajectory into the longer-term, and bolster its competitive advantage against premium rivals in the market.The OpportunityWhile EV penetration in the more affluent tier 1 and tier 2 cities across China is substantially higher than in smaller cities where lower-priced mass market offerings take a precedent appeal, there is still significant growth headroom remaining in the premium EV segment for BYD. As mentioned in the earlier section, EV penetration in Shanghai already exceeds 50%, while in the broader tier 1 and tier 2 cities it averages more than 36%. Plug-in hybrid SUVs are also of greater appeal, accounting for close to a quarter of China’s new passenger vehicle sales today, while remaining the fastest-growing EV segment, which makes strong tailwinds for BYD’s upcoming Yangwang R1 debut (recall that the R1 comes in both the BEV and PHEV powertrain).Market participants also anticipate BYD’s upcoming sub-brands to produce “the kind of EVs fit for the U.S., a market BYD has yet to enter.” This fits with BYD’s overseas aspirations for its passenger EV business over the longer-term, and would be a favorable complement to its existing presence in North America via its commercial EV sales. The U.S. EV market is expected to see a meaningful increase in adoption rates over coming years, thanks to favorable policy support like the latest “Inflation Reduction Act” (“IRA”), as well as broader improvements to EV battery technologies and range capabilities. Specifically, U.S. EV demand is expected to expand at a five-year CAGR of 28% through 2026, with further acceleration into the second half of the decade. Paired with a similar growth outlook in Canada (though at a comparatively nominal volume on a unit basis), Yangwang and other sub-brand offerings could potentially become an overseas share gainer for BYD.Risks To ConsiderWhile competition comes to mind as a top risk for automakers, BYD’s reputation as a quality mass market vehicle manufacturer could alleviate some of the said challenges. This is further corroborated by BYD’s pricing power with continued market share gains despite a recent decision to increase its vehicle MSRPs, as opposed to price cuts implemented by Tesla in an attempt to shore up demand.Instead, a key concern is BYD’s lack of presence in cutting-edge technological competencies, which premium EVs offered by NIO and Tesla tend to use as key selling points:What BYD lacks that others have is more of a digital DNA…BYD is still a hardware company. As good as it is assembling an EV profitably at scale, it hasn’t proven itself to be a tech-driven software-defined technology company. Source: BloombergWhile BYD intends for Yangwang to “build a high-end brand with disruptive technologies and products,” there has yet to be any details pertaining to the R1 that would differentiate the premium electric SUV from a digital aspect. Aside from potential ADAS features (which are pretty much standard across premium offerings at this point) speculated from BYD-released images that show the vehicle’s integration of LiDAR sensors, the company has yet to release much information about the vehicle’s performance, range capability, nor technological features. While BYD’s robust balance sheet could fund the development of software capabilities required for differentiation against competing premium offerings, relate innovations would take time to materialize, risking a costly catch-up game in the concentrated premium EV market.Fundamental And Valuation ImplicationsIn contrast to NIO, BYD is already a profitable company, with margins set for continued expansion as production ramps up on both its existing and upcoming vehicle models. And as mentioned in the earlier section, BYD’s upcoming foray in China’s premium electric SUV market would be beneficial to its bottom-line given said products would be priced higher to offset near-term ramp-up costs, with greater demand in the lucrative vehicle segment expected to support longer-term margin expansion through scale. With related operating cash flow generation realizable in the immediate term, BYD is also less vulnerable to the investment risks facing NIO as discussed in the earlier section.The stock is currently trading at a significant discount of 1.4x forward EV/sales compared to an average of about 4.1x among U.S. counterparts and 1.7x among Chinese EV start-ups. Given its profitable growth prospects both within the immediate- and over the longer-term, BYD makes a reasonable investment at current levels. But like all Chinese equities, BYD faces a slew of risks specific to the cohort, including China’s macroeconomic uncertainties (e.g., property slump, COVID Zero impacts, etc.) and regulatory challenges. Although BYD’s robust balance sheet has made its valuation relatively less vulnerable to the years-long selloff in Chinese equities, existing and potential investors in the stock should remain aware and not overlook said risks.Final ThoughtsBased on the foregoing analysis on NIO and BYD’s longer-term market share expansion strategies, both legacy and start-up Chinese EV makers alike show favorable growth prospects as the global transition to electric continues. While converging strategies will likely introduce further competition within the already highly concentrated EV landscape in China, significant opportunities remain across all vehicle and pricing segments, underscoring the still-nascent nature of the EV industry.With NIO being an EV upstart that has already established a reputation for making quality and innovative EVs, and BYD being a legacy automaker that has proven a profitable transition to electric is possible, both companies are well-positioned for further market share gains within and beyond the Chinese EV market. This would accordingly support favorable long-term upside potential for both stocks from current levels, especially BYD which boasts better immediate and future fundamental prospects, though macroeconomic, geopolitical, and regulatory risks will remain an overhang on their performance.","news_type":1},"isVote":1,"tweetType":1,"viewCount":581,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9967871033,"gmtCreate":1670301966723,"gmtModify":1676538340619,"author":{"id":"3580376639553291","authorId":"3580376639553291","name":"kerukel88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580376639553291","authorIdStr":"3580376639553291"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9967871033","repostId":"2289286198","repostType":4,"isVote":1,"tweetType":1,"viewCount":617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9962282747,"gmtCreate":1669783289789,"gmtModify":1676538242571,"author":{"id":"3580376639553291","authorId":"3580376639553291","name":"kerukel88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580376639553291","authorIdStr":"3580376639553291"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9962282747","repostId":"2287504938","repostType":4,"isVote":1,"tweetType":1,"viewCount":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9962983166,"gmtCreate":1669695084756,"gmtModify":1676538224715,"author":{"id":"3580376639553291","authorId":"3580376639553291","name":"kerukel88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580376639553291","authorIdStr":"3580376639553291"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9962983166","repostId":"2287251460","repostType":4,"repost":{"id":"2287251460","pubTimestamp":1669676011,"share":"https://ttm.financial/m/news/2287251460?lang=&edition=fundamental","pubTime":"2022-11-29 06:53","market":"us","language":"en","title":"Elon Musk Calls Out Apple and CEO Tim Cook","url":"https://stock-news.laohu8.com/highlight/detail?id=2287251460","media":"TheStreet","summary":"'It is in this context that Musk said on Nov. 28 that Apple  - Get Free Reporthad stopped running its ads on Twitter. He even went so far as to publicly challenge CEO Cook by name.\"Apple has mostly stopped advertising on Twitter,\" the billionaire wrote. \"Do they hate free speech in America?\" Musk asked.Apple didn't immediately respond to a request for comment.\"Apple has spent $40 million on Twitter advertising so far this year,\" which makes the tech giant \"one of Twitter’s top advertisers in 202","content":"<html><head></head><body><p>The game of hide and seek between Elon Musk and Apple is over.  The tensions between them are finally erupting in the public square.</p><p>For several months now the question was when Musk would declare war with the iPhone maker and CEO Tim Cook. It is now done.</p><p>Since Musk took over the social network Twitter  (<b>TWTR</b>) - Get Free Report, he&#39;s been trying to find new sources of revenue.</p><p>Meantime, he&#39;s facing a boycott from many advertisers, including General Motors  (<b>GM</b>) - Get Free Report, General Mills  (<b>GIS</b>) - Get Free Report, Pfizer  (<b>PFE</b>) - Get Free Report, and Stellantis  (<b>STLA</b>) - Get Free Report. These companies have paused their ads as they await the details of Musk&#39;s content-management plans for Twitter.</p><p>They fear that the social network will become a &#34;hellscape,&#34; following assertions by Musk, who defines himself as a free-speech absolutist. This means he considers any message on the platform acceptable so long as it does not violate the law of the country in which it is posted.</p><h2>Free Speech vs. Brand Safety</h2><p>Top advertisers are also worried about brand safety and a lack of clarity regarding advertising leadership at Twitter after Musk fired most of the site&#39;s executives.</p><p>&#34;Freedom of speech is the bedrock of a strong democracy and must take precedence,&#34; the billionaire argued on Nov. 25.</p><p>In the name of free speech, Musk has reactivated former President Donald Trump&#39;s account and accounts known for anti-transgender posts like those of the conservative satirical site Babylon Bee and the Canadian conservative psychologist Jordan Peterson.</p><p>Musk also announced a general amnesty for all banned accounts, after having organized a related survey on the platform.</p><p>&#34;The people have spoken,&#34; he wrote on Nov. 24. &#34;Amnesty begins next week. Vox Populi, Vox Dei.&#34;</p><h2>&#39;What&#39;s Going On?&#39;</h2><p>It is in this context that Musk said on Nov. 28 that Apple  (<b>AAPL</b>) - Get Free Report had stopped running its ads on Twitter. He even went so far as to publicly challenge CEO Cook by name.</p><p>&#34;Apple has mostly stopped advertising on Twitter,&#34; the billionaire wrote. &#34;Do they hate free speech in America?&#34;</p><p>A few minutes later he tweeted to Cook directly.</p><p>&#34;What’s going on here @tim_cook?&#34; Musk asked.</p><p>Apple didn&#39;t immediately respond to a request for comment.</p><p>&#34;Apple has spent $40 million on Twitter advertising so far this year,&#34; which makes the tech giant &#34;one of Twitter’s top advertisers in 2022, according to Mediaradar.</p><p>“Apple has been a major advertiser on Twitter and, even before Elon’s statement today, we’ve seen spend taper in recent months given continued controversy,” said Todd Krizelman, CEO of MediaRadar, the New York provider of advertising intelligence.</p><p>He added that Apple’s ad investment in Twitter represents most of its social ad spend overall. To date, 84% of Apple&#39;s total social-media spend has gone to Twitter.</p><p>Ad revenue made up more than 91% of Twitter&#39;s revenue in the second quarter, with the rest coming from subscriptions. Musk is trying to rebalance things, but the billionaire is aware that he needs advertisers. At the beginning of November he had threatened them that he was going to publicly shame them.</p><p>By first attacking Apple, the largest company in the world based on market value, the Techno King seems to want to send a message to other advertisers that he was not kidding.</p><p>Besides advertising, Musk and Apple are also in conflict over their approach to acceptable content.</p><p>As app distributors, Apple via the Apple Store and Alphabet&#39;s  (<b>GOOGL</b>) - Get Free Report Google via Google Play have strict policies regarding hateful speech.</p><p>&#34;When people install an app from the App Store, they want to feel confident that it’s safe to do so -- that the app doesn’t contain upsetting or offensive content, won’t damage their device, and isn’t likely to cause physical harm from its use,&#34; the iPhone maker says in the Apple Store guidelines. &#34;If you’re looking to shock and offend people, the App Store isn’t the right place for your app.&#34;</p><p>Phil Schiller, who is responsible for leading the App Store and Apple Events, left Twitter after Musk said he was reactivating Trump&#39;s account. Schiller didn&#39;t give an explanation for his decision to deactivate his account, but it&#39;s curious that it happened right after Musk&#39;s announcement.</p><p>Musk has threatened to make a phone if Apple and Alphabet blocked Twitter.</p></body></html>","source":"thestreet_highlight","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>Elon Musk Calls Out Apple and CEO Tim Cook</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\">\nElon Musk Calls Out Apple and CEO Tim Cook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-29 06:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/technology/elon-musk-calls-out-apple-tim-cook><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The game of hide and seek between Elon Musk and Apple is over.  The tensions between them are finally erupting in the public square.For several months now the question was when Musk would declare war ...</p>\n\n<a href=\"https://www.thestreet.com/technology/elon-musk-calls-out-apple-tim-cook\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","AAPL":"苹果","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4574":"无人驾驶","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4573":"虚拟现实","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4581":"高盛持仓","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4099":"汽车制造商","BK4511":"特斯拉概念","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2063271972.USD":"富兰克林创新领域基金","BK4532":"文艺复兴科技持仓","BK4527":"明星科技股","BK4515":"5G概念","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0149725797.USD":"汇丰美国股市经济规模基金","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","BK4559":"巴菲特持仓"},"source_url":"https://www.thestreet.com/technology/elon-musk-calls-out-apple-tim-cook","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2287251460","content_text":"The game of hide and seek between Elon Musk and Apple is over.  The tensions between them are finally erupting in the public square.For several months now the question was when Musk would declare war with the iPhone maker and CEO Tim Cook. It is now done.Since Musk took over the social network Twitter  (TWTR) - Get Free Report, he's been trying to find new sources of revenue.Meantime, he's facing a boycott from many advertisers, including General Motors  (GM) - Get Free Report, General Mills  (GIS) - Get Free Report, Pfizer  (PFE) - Get Free Report, and Stellantis  (STLA) - Get Free Report. These companies have paused their ads as they await the details of Musk's content-management plans for Twitter.They fear that the social network will become a \"hellscape,\" following assertions by Musk, who defines himself as a free-speech absolutist. This means he considers any message on the platform acceptable so long as it does not violate the law of the country in which it is posted.Free Speech vs. Brand SafetyTop advertisers are also worried about brand safety and a lack of clarity regarding advertising leadership at Twitter after Musk fired most of the site's executives.\"Freedom of speech is the bedrock of a strong democracy and must take precedence,\" the billionaire argued on Nov. 25.In the name of free speech, Musk has reactivated former President Donald Trump's account and accounts known for anti-transgender posts like those of the conservative satirical site Babylon Bee and the Canadian conservative psychologist Jordan Peterson.Musk also announced a general amnesty for all banned accounts, after having organized a related survey on the platform.\"The people have spoken,\" he wrote on Nov. 24. \"Amnesty begins next week. Vox Populi, Vox Dei.\"'What's Going On?'It is in this context that Musk said on Nov. 28 that Apple  (AAPL) - Get Free Report had stopped running its ads on Twitter. He even went so far as to publicly challenge CEO Cook by name.\"Apple has mostly stopped advertising on Twitter,\" the billionaire wrote. \"Do they hate free speech in America?\"A few minutes later he tweeted to Cook directly.\"What’s going on here @tim_cook?\" Musk asked.Apple didn't immediately respond to a request for comment.\"Apple has spent $40 million on Twitter advertising so far this year,\" which makes the tech giant \"one of Twitter’s top advertisers in 2022, according to Mediaradar.“Apple has been a major advertiser on Twitter and, even before Elon’s statement today, we’ve seen spend taper in recent months given continued controversy,” said Todd Krizelman, CEO of MediaRadar, the New York provider of advertising intelligence.He added that Apple’s ad investment in Twitter represents most of its social ad spend overall. To date, 84% of Apple's total social-media spend has gone to Twitter.Ad revenue made up more than 91% of Twitter's revenue in the second quarter, with the rest coming from subscriptions. Musk is trying to rebalance things, but the billionaire is aware that he needs advertisers. At the beginning of November he had threatened them that he was going to publicly shame them.By first attacking Apple, the largest company in the world based on market value, the Techno King seems to want to send a message to other advertisers that he was not kidding.Besides advertising, Musk and Apple are also in conflict over their approach to acceptable content.As app distributors, Apple via the Apple Store and Alphabet's  (GOOGL) - Get Free Report Google via Google Play have strict policies regarding hateful speech.\"When people install an app from the App Store, they want to feel confident that it’s safe to do so -- that the app doesn’t contain upsetting or offensive content, won’t damage their device, and isn’t likely to cause physical harm from its use,\" the iPhone maker says in the Apple Store guidelines. \"If you’re looking to shock and offend people, the App Store isn’t the right place for your app.\"Phil Schiller, who is responsible for leading the App Store and Apple Events, left Twitter after Musk said he was reactivating Trump's account. Schiller didn't give an explanation for his decision to deactivate his account, but it's curious that it happened right after Musk's announcement.Musk has threatened to make a phone if Apple and Alphabet blocked Twitter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":435,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9968548984,"gmtCreate":1669265046349,"gmtModify":1676538176542,"author":{"id":"3580376639553291","authorId":"3580376639553291","name":"kerukel88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580376639553291","authorIdStr":"3580376639553291"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9968548984","repostId":"2285108728","repostType":4,"repost":{"id":"2285108728","pubTimestamp":1669262342,"share":"https://ttm.financial/m/news/2285108728?lang=&edition=fundamental","pubTime":"2022-11-24 11:59","market":"us","language":"en","title":"2 Growth Stocks With 124% and 192% Upside From Their 52-Week Lows, According to Wall Street","url":"https://stock-news.laohu8.com/highlight/detail?id=2285108728","media":"Motley Fool","summary":"Some Wall Street analysts are forecasting triple-digit returns for shareholders of these growth stocks.","content":"<html><head></head><body><p>Economic uncertainty has sent the <b>S&amp;P 500</b> and the <b>Nasdaq Composite</b> tumbling into bear market territory, and many growth stocks have lost more than half of their value during the ongoing decline. For instance, shares of <b><a href=\"https://laohu8.com/S/SQ\">Block</a></b> and <b>Atlassian</b> have dropped 78% and 74%, respectively, leaving both stocks near a 52-week low.</p><p>However, some Wall Street analysts see that as a buying opportunity. Joseph Vafi of Canaccord has a price target of $150 per share on <b>Block</b>, which implies a 192% upside from its 52-week low of $51.34. And Gregg Moskowitz of Mizuho has a price target of $255 per share on <b>Atlassian</b>, implying a 124% upside from its 52-week low of $113.86.</p><p>Is it time to buy these growth stocks?</p><h2>Block: A disruptive financial services company</h2><p>Block simplifies financial services for businesses and consumers with its Square and Cash App ecosystems. Square is a connected suite of hardware, software, and banking solutions that help businesses grow across physical and digital channels. The cohesive nature of those products distinguishes Block from traditional merchant-services providers (like banks), which generally bundle products from different vendors, leaving sellers to deal with complicated integrations.</p><p>Block brings that same simplicity to consumer finance. Cash App allows users to spend, borrow, and invest money from a single platform. That broad functionality helped Cash App become the most downloaded mobile finance app in the U.S. during the first half of 2022, but Block has only scratched the surface of its long-term vision.</p><p>In the third quarter, Block reported solid financial results in spite of economic headwinds. Gross profit climbed 38%, representing particularly strong growth in the Cash App ecosystem. Non-GAAP (adjusted) earnings rocketed 68% to $0.42 per diluted share.</p><p>Looking ahead, Block puts its addressable market at $190 billion in gross profit, and management is executing on a strong growth strategy. Since acquiring the buy now, pay later (BNPL) platform Afterpay earlier this year, Block has made BNPL an option for all Square sellers, both in person and online. Building on that, Cash App consumers will soon be able to use the digital wallet to browse products and make purchases from Afterpay and Cash App Pay merchants. That could spark a powerful network effect. As commerce functionality brings more consumers to the Cash App, businesses are more likely to accept Afterpay and Cash App Pay, and vice versa.</p><p>Currently, shares of Block trade at 2 times sales, just above the three-year low of 1.7 times sales. That makes this growth stock a screaming buy.</p><h2>Atlassian: A leader in team collaboration and productivity software</h2><p>Atlassian specializes in work-management software. Its portfolio includes a number of tools -- Jira for product management, Confluence for knowledge management, Trello for task management -- that help enterprises plan, track, collaborate, and complete work more effectively.</p><p>Atlassian primarily distributes its software online without a traditional sales force, meaning it relies heavily on word-of-mouth marketing. That strategy keeps its sales and marketing costs low, allowing the company to invest aggressively in research and development. That advantage has helped Atlassian develop a broad portfolio of integrated products, many of which have become the gold standard in their respective markets.</p><p>For instance, Jira is the leading product-management and bug-tracking software, and Confluence is the leading knowledge-management solution, according to G2 Grid. Likewise, research company <b>Gartner</b> recently named Atlassian a leader in enterprise agile planning tools, and <b>Forrester Research</b> named Atlassian a leader in enterprise-service management.</p><p>The company reported reasonably strong results in the first quarter of fiscal 2023 (ended Sept. 30, 2022). Revenue increased 31% to $807 million, and free cash flow climbed 31% to $75.9 million. But investors should prepare for turbulence in the near term. Management issued Q2 guidance that fell far short of Wall Street&#39;s consensus forecast, noting that customer growth is slowing as businesses pull back on IT spend. That news sent the stock into a nosedive.</p><p>Fortunately, the deceleration should be temporary, and the investment thesis remains sound. Atlassian is a key player in several software verticals, and it has a sizable runway for growth. In fact, management says its products are relevant to 2.2 million businesses worldwide, which equates to a $29 billion addressable market.</p><p>With that in mind, shares currently trade at 10 times sales -- the cheapest valuation in three years. That make this growth stock an attractive investment idea right now.</p></body></html>","source":"fool_stock","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>2 Growth Stocks With 124% and 192% Upside From Their 52-Week Lows, According to Wall Street</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\">\n2 Growth Stocks With 124% and 192% Upside From Their 52-Week Lows, According to Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-24 11:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/11/23/2-growth-stocks-with-124-and-192-upside-from-their/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Economic uncertainty has sent the S&P 500 and the Nasdaq Composite tumbling into bear market territory, and many growth stocks have lost more than half of their value during the ongoing decline. For ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/11/23/2-growth-stocks-with-124-and-192-upside-from-their/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block","TEAM":"Atlassian Corporation PLC"},"source_url":"https://www.fool.com/investing/2022/11/23/2-growth-stocks-with-124-and-192-upside-from-their/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2285108728","content_text":"Economic uncertainty has sent the S&P 500 and the Nasdaq Composite tumbling into bear market territory, and many growth stocks have lost more than half of their value during the ongoing decline. For instance, shares of Block and Atlassian have dropped 78% and 74%, respectively, leaving both stocks near a 52-week low.However, some Wall Street analysts see that as a buying opportunity. Joseph Vafi of Canaccord has a price target of $150 per share on Block, which implies a 192% upside from its 52-week low of $51.34. And Gregg Moskowitz of Mizuho has a price target of $255 per share on Atlassian, implying a 124% upside from its 52-week low of $113.86.Is it time to buy these growth stocks?Block: A disruptive financial services companyBlock simplifies financial services for businesses and consumers with its Square and Cash App ecosystems. Square is a connected suite of hardware, software, and banking solutions that help businesses grow across physical and digital channels. The cohesive nature of those products distinguishes Block from traditional merchant-services providers (like banks), which generally bundle products from different vendors, leaving sellers to deal with complicated integrations.Block brings that same simplicity to consumer finance. Cash App allows users to spend, borrow, and invest money from a single platform. That broad functionality helped Cash App become the most downloaded mobile finance app in the U.S. during the first half of 2022, but Block has only scratched the surface of its long-term vision.In the third quarter, Block reported solid financial results in spite of economic headwinds. Gross profit climbed 38%, representing particularly strong growth in the Cash App ecosystem. Non-GAAP (adjusted) earnings rocketed 68% to $0.42 per diluted share.Looking ahead, Block puts its addressable market at $190 billion in gross profit, and management is executing on a strong growth strategy. Since acquiring the buy now, pay later (BNPL) platform Afterpay earlier this year, Block has made BNPL an option for all Square sellers, both in person and online. Building on that, Cash App consumers will soon be able to use the digital wallet to browse products and make purchases from Afterpay and Cash App Pay merchants. That could spark a powerful network effect. As commerce functionality brings more consumers to the Cash App, businesses are more likely to accept Afterpay and Cash App Pay, and vice versa.Currently, shares of Block trade at 2 times sales, just above the three-year low of 1.7 times sales. That makes this growth stock a screaming buy.Atlassian: A leader in team collaboration and productivity softwareAtlassian specializes in work-management software. Its portfolio includes a number of tools -- Jira for product management, Confluence for knowledge management, Trello for task management -- that help enterprises plan, track, collaborate, and complete work more effectively.Atlassian primarily distributes its software online without a traditional sales force, meaning it relies heavily on word-of-mouth marketing. That strategy keeps its sales and marketing costs low, allowing the company to invest aggressively in research and development. That advantage has helped Atlassian develop a broad portfolio of integrated products, many of which have become the gold standard in their respective markets.For instance, Jira is the leading product-management and bug-tracking software, and Confluence is the leading knowledge-management solution, according to G2 Grid. Likewise, research company Gartner recently named Atlassian a leader in enterprise agile planning tools, and Forrester Research named Atlassian a leader in enterprise-service management.The company reported reasonably strong results in the first quarter of fiscal 2023 (ended Sept. 30, 2022). Revenue increased 31% to $807 million, and free cash flow climbed 31% to $75.9 million. But investors should prepare for turbulence in the near term. Management issued Q2 guidance that fell far short of Wall Street's consensus forecast, noting that customer growth is slowing as businesses pull back on IT spend. That news sent the stock into a nosedive.Fortunately, the deceleration should be temporary, and the investment thesis remains sound. Atlassian is a key player in several software verticals, and it has a sizable runway for growth. In fact, management says its products are relevant to 2.2 million businesses worldwide, which equates to a $29 billion addressable market.With that in mind, shares currently trade at 10 times sales -- the cheapest valuation in three years. That make this growth stock an attractive investment idea right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":461,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9961546254,"gmtCreate":1669002741479,"gmtModify":1676538137904,"author":{"id":"3580376639553291","authorId":"3580376639553291","name":"kerukel88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580376639553291","authorIdStr":"3580376639553291"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961546254","repostId":"1102151273","repostType":4,"isVote":1,"tweetType":1,"viewCount":424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9963637384,"gmtCreate":1668658500348,"gmtModify":1676538092608,"author":{"id":"3580376639553291","authorId":"3580376639553291","name":"kerukel88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580376639553291","authorIdStr":"3580376639553291"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9963637384","repostId":"2284813867","repostType":4,"isVote":1,"tweetType":1,"viewCount":635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}