To The Moon

$COMFORTDELGRO CORPORATION LTD(C52.SI)$  The Public Transport Council (PTC) has announced that bus and train fares will increase by 7% from December 23rd, 2023. This is lower than the 12% increase that would have been applied under the revised fare formula introduced in April 2023. The maximum permissible fare adjustment for the current review is 22.6%, which takes into account the 10.6% increase that was deferred from the 2022 fare review exercise. The increase is mainly due to rising energy costs, core inflation, and wage growth. SBS and SMRT are expected to see their annual revenue increase by S$20.9 million and S$42.4 million respectively. The Public Transport Council has required that SBS and SMRT contribute 1

$Alibaba(BABA)$  As per the official announcement made on 10 September 2023, Alibaba has successfully executed its planned leadership transition. Joseph Tsai has assumed the role of chairman and Eddie Wu has taken on the responsibilities of CEO and director within the company. What came as a surprise was the decision by Daniel Zhang to step down from his positions as chairman and CEO of Alibaba Cloud. Eddie has temporarily taken over these roles. Looking ahead, Daniel Zhang is poised to establish a technology-focused fund, supported by a substantial investment of USD1 billion from Alibaba. His goal is to foster a more robust ecosystem for Alibaba's technological endeavours. Abrupt management change reflects badly on

$Apple(AAPL)$  Yesterday, a Wall Street Journal article hinted at the possibility that the Chinese government has imposed a ban on government officials carrying or using iPhones while at work. Consequently, Apple's faced a significant setback, plummeting by 3.6%, marking its steepest drop in a month, and this had a ripple effect on related supply chains in Korea/Taiwan/Hong Kong market this morning, likely exacerbated by overall weak market sentiment. What is the news? Reports indicated that Chinese government authorities have prohibited their employees from using iPhones and other foreign-branded devices during work hours. Employees at certain central government regulatory agencies have been directed, both in chat

$Trip.com Group Limited(TCOM)$  Trip.com's 2Q23 results exceeded expectations, with total revenue up 180% year-on-year to RMB11.2 billion! Adjusted EBITDA was RMB3.5 billion. All businesses saw strong growth, thanks to continued strong domestic travel demand and a recovery in outbound travel. Both the domestic and outbound travel segments exhibited strong growth, with revenues reaching 150% and 50% of their 2019 levels respectively. Most importantly, there is no indication of a decline in travel activity! Domestic travel exceeded 2019 level! Accommodation revenue surged 216% year-on-year to Rmb4.3 billion, surpassing 2019 figures by an impressive 26%, while transportation revenue saw a remarkable increase of 173% year-on-year to Rmb4.8 billio

Congrats Tiger!

$SUNNY OPTICAL(02382)$  For those of you who are unfamiliar with the Company, Sunny Optical is a leading integrated optical manufacturer in China that specializes in the design, research and development, manufacture and sale of optical-related products. The Company operates its business through three main segments: Optical Components (such as lens for handset, vehicle and AR/VR), Optoelectronic Products (such as handset camera module) and Optical Instruments (such as microscope), accounting for 33%, 66% and 1% of FY22 revenue. According to the Sunny Optical, it ranks first in the global handset and vehicle lens market in terms of market share. Weak smartphone in 1H23 Sunny Optical's net profit for the 1H2023 decreased by 67.8% y-o-y to RMB 4

$Sea Ltd(SE)$  Sea Ltd (SE) share price dived 29% post-earnings. Both revenue and ESP missed consensus estimate; SE reported EPS of 54 cents on $3.1 billion in revenue, but analysts polled by FactSet were expecting sales of $3.26 billion and EPS of 65 cents.  Furthermore, Forrest Li has indicated that SE will shift away from the cost-cutting drive that it started last year, choosing instead to ramp-up investments in its e-commerce biz, which Li has guided will impact bottom line and may result in losses for Shopee / the Group. Garena continued to be weak, though some silver lining GAAP revenue saw a 2% q-o-q decline, reaching USD 529.4 million. Bookings also declined 4.2% q-o-q to USD 443.1 million. Notably, the

$SINGAPORE TECH ENGINEERING LTD(S63.SI)$  Hello Tigers! Firstly so sorry, Sir Bahamut was busy with his home renovation and at work, did not have time to write any articles. Quick mid-year review and 2H23 outlook I wanted to do a quick mid-year review on my portfolio as I have outlined my 2023 strategies in December 2022 here: https://ttm.financial/post/9923820740 My decision to overweight in semiconductors and Cybersecurity in my portfolio turned out to be quite profitable! I still remembered I recommended some of my good friends such as @LMSunshine  to buy AMD Nvidia and ASML towards the close of 2022. In contrast, the performance of China Tech rem

$Alibaba(BABA)$  It is uncommon for state ministries and commissions to specifically mention private companies, but on July 7, the National Development and Reform Commission (NDRC) issued a special document naming Tencent, Meituan, and Alibaba. According to the official announcement from NDRC, they conducted an in-depth study of platform enterprises in collaboration with relevant departments. The study found that Tencent, Meituan, and Alibaba have all made significant investments in technological innovation. Tencent has invested in Shanghai Fengyuan Technology Co., Ltd., a company that develops cloud computing power and artificial intelligence technologies. These investments have helped Tencent to promote the commerc

Hi Jo, i have been following your articles, your analysis is on point. I have been bearish on Grab for the longest time and I expressed these views in my articles. On your point on singaporeans who sold their cars and turn to grab, you have to understand that Grab’s mobility business is also highly dependent on the supply of drivers. With such a high COE price rising every month, I cant imagine Grab’s mobility business can secure more sustainable growth if driver supply cannot keep up. Also, there are now new entrants to this ride hailing market - ryde, tata, gojek. Singaporeans are very price senstive, we will just go to the cheapest platform. Delivery is worse. Rev growth comes via higher take rate at the expense of falling GMV. The CEO called it “focus on high-quality GMV” which is