Miniso rallied more than 70% this month before receiving approval for a $100m placement on the Hong Kong Stock Exchange yesterday (27th June 2022). The company has no requirement for extra cash and MINISO Group Holdings (MNSO US) rallied more than 70% this month before receiving approval for a $100m placement on the Hong Kong Stock Exchange yesterday (27th June 2022). The company has no requirement for extra cash and this Hong Kong listing is mostly a precautionary measure against a potential delisting of Chinese companies from US markets. Overall, we are positive about this placement on account of momentum, reasonableness of current valuation and positive reception of what we would regard as an intention to accelerate expansion. Full analysis here:- https://www.smartkarma.com/insigh
$ABNB still think this just had a blow off bottom flush/shakeout below IPO base and we regain the base next week before chop chop boom pattern develops. Separately, Chesky has already signaled Airbnb will be accepting crypto at some point. The dude understands cycles and knows that crypto is late but also early. When the crypto boom comes again and Airbnb accepts crypto this will have massive beta as I expect it to partially correlate with the future upside move in crypto. That’s years down the line but something I’m pondering. $Airbnb, Inc.(ABNB)$
Well Nvidia great earnings but a slight miss on guidance and AMD punished in unison despite AMD already guiding to record levels. But something to note with Nvidia's earnings release. AMD is really close. We already know AMD is going to Blackberry Intel but current results show AMD is nipping at Nvidia's heals. Nvidia EPS at $1.36 vs AMD at $1.13. Nvidia full year revenues estimate $32 - $35B vs AMD $26 - $30B. And AMD rising with a wider breadth of products. Not sure when there's going to be a breakout, but when this does, AMD is going to fly. At some point, Intel is going to fall out of the Dow. I previously thought Nvidia would replace Intel but I now feel AMD will eventually replace Intel in the Dow. Stay patient. None of AMD''s fundamentals have changed and the best is yet to come.&nb
Coupang Shares Surged 12% in Premarket Trading. Coupang narrowed its losses after ramping up cost cuts to weather a slowdown in online retail.The first-quarter operating loss narrowed to $205.7 million, compared with $267.3 million a year earlier. Revenue rose 22% to $5.12 billion in the period, while the number of active clients increased 13%, the company said Wednesday in a statement. Global e-commerce is decelerating as consumers emerge from Covid-19 lockdowns or tighten their belts while the macroeconomic outlook remains uncertain. Amazon.com Inc. gave a gloomy forecast for sales last month and said it was monitoring whether rising inflation may affect shoppers’ appetites. Coupang’s sales remained relatively resilient during the first quarter as record Covid cases spurred consumers in
$NIO Inc.(NIO)$Signs of Recession approaching!Stock markets as well as cryptocurrencies are down drastically, inflation up all time high since early 1980s at 8.5% in Mar 2022 while next CPI to be announced tomorrow looking grim. Currencies are volatile. The FTSE all world barometer that represent equities all around the world falls 3% which is substantial and largest since Jun 2020.Are these signs of a great recession or just a slow down? What's behind the scene actually?The overall economy uncertainty, the war in Ukraine and flare up of next COVID-19 variant, all these unknown variables pushes investors to be caution or move away from such assets. On other hand when the FED increase 50 basis point interest rate it causes the dollar to be stro
$Sea Ltd(SE)$ long story short: I haven't seen a stock that drops this much and it recovers. Have you?people lose their trust and their fate. Look at Tesla. Elon Musk dumped some shares awhile ago but not that much so people loose their trust. However, Chinese don't understand this simple concept. They want you to always lose and they lose along side with you. This simple psychological concept made me a millionair...