Profile - To The Moon

HCH88

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- HCH88HCH88
  ·2022-09-19
  $Intel(INTC)$
  501 Comment
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- HCH88HCH88
  ·2022-09-18
  $Invesco QQQ Trust(QQQ)$
  580 Comment
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- HCH88HCH88
  ·2022-09-13
  Good to concentrate on their core business.
  Google Cancels Next Version of Pixelbook, Dissolves Computer Hardware Team
  Google (NASDAQ:GOOG) (NASDAQ:GOOGL) has canceled the next version of its Pixelbook computer and has
  Google Cancels Next Version of Pixelbook, Dissolves Computer Hardware Team
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- HCH88HCH88
  ·2022-09-09
  $Intel(INTC)$
  683 Comment
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- HCH88HCH88
  ·2022-09-09
  [Like]
  U.S. Stocks Erased Losses and Took off in Morning Trading; Dow Jones Rose 0.61%, S&P 500 Jumped 0.73% While Nasdaq Soared 0.82%
  U.S. stocks erased losses and took off in morning trading; Dow Jones rose 0.61%, S&P 500 jumped 0.73
  U.S. Stocks Erased Losses and Took off in Morning Trading; Dow Jones Rose 0.61%, S&P 500 Jumped 0.73% While Nasdaq Soared 0.82%
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- HCH88HCH88
  ·2022-09-07
  $AMD(AMD)$
  318 Comment
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- HCH88HCH88
  ·2022-09-03
  $Palantir Technologies Inc.(PLTR)$
  785 Comment
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- HCH88HCH88
  ·2022-08-28
  $Palantir Technologies Inc.(PLTR)$
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- HCH88HCH88
  ·2022-08-21
  Thanks for sharing!
  Top Stock Highlights of the Week: Keppel Corporation, Sea Limited and Singapore as the Millionaire Capital
  We look at recent news of a blue-chip conglomerate and review the results of a fast-growing e-commer
  Top Stock Highlights of the Week: Keppel Corporation, Sea Limited and Singapore as the Millionaire Capital
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- HCH88HCH88
  ·2022-07-13
  [Like]
  Digital Gold or Fool’s Gold: Is Crypto Really a Hedge against Equity Risk?
  Crypto enthusiasts often claim that digital coins and tokens are uncorrelated with equities and can
  Digital Gold or Fool’s Gold: Is Crypto Really a Hedge against Equity Risk?
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}\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\">\nGoogle Cancels Next Version of Pixelbook, Dissolves Computer Hardware Team\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-13 13:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3882108-google-cancels-next-version-of-pixelbook-dissolves-computer-hardware-team-report><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Google (NASDAQ:GOOG) (NASDAQ:GOOGL) has canceled the next version of its Pixelbook computer and has closed down the team that was building it, The Verge reported.The news outlet, citing a person ...</p>\n\n<a href=\"https://seekingalpha.com/news/3882108-google-cancels-next-version-of-pixelbook-dissolves-computer-hardware-team-report\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌"},"source_url":"https://seekingalpha.com/news/3882108-google-cancels-next-version-of-pixelbook-dissolves-computer-hardware-team-report","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2267773293","content_text":"Google (NASDAQ:GOOG) (NASDAQ:GOOGL) has canceled the next version of its Pixelbook computer and has closed down the team that was building it, The Verge reported.The news outlet, citing a person familiar with the matter, noted that the new version of the Pixelbook was \"far along in development\" and was expected to be debuted next year. The Verge added that the new Pixelbook was dropped as a result of Google's cost cutting measures.However, members of the team were not laid off and were transferred to other parts of the company, the Verge added.Mountain View, California-based Google did not immediately respond to a request for comment from Seeking Alpha.Google shares were fractionally lower in late-day trading on Monday.Last week, Google CEO Sundar Pichai said he was looking to make the tech giant \"20% more productive,\" hinting that innovation, along with job reductions, may be 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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1662650478,"share":"https://ttm.financial/m/news/1140646823?lang=&edition=fundamental","pubTime":"2022-09-08 23:21","market":"us","language":"en","title":"U.S. Stocks Erased Losses and Took off in Morning Trading; Dow Jones Rose 0.61%, S&P 500 Jumped 0.73% While Nasdaq Soared 0.82%","url":"https://stock-news.laohu8.com/highlight/detail?id=1140646823","media":"Tiger Newspress","summary":"U.S. stocks erased losses and took off in morning trading; Dow Jones rose 0.61%, S&P 500 jumped 0.73","content":"<html><head></head><body><p>U.S. stocks erased losses and took off in morning trading; Dow Jones rose 0.61%, S&amp;P 500 jumped 0.73% while Nasdaq soared 0.82%.<img src=\"https://static.tigerbbs.com/6d3bbfad291746dcf3fc058a920854de\" tg-width=\"628\" tg-height=\"118\" 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0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Stocks Erased Losses and Took off in Morning Trading; Dow Jones Rose 0.61%, S&P 500 Jumped 0.73% While Nasdaq Soared 0.82%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-09-08 23:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stocks erased losses and took off in morning trading; Dow Jones rose 0.61%, S&amp;P 500 jumped 0.73% while Nasdaq soared 0.82%.<img src=\"https://static.tigerbbs.com/6d3bbfad291746dcf3fc058a920854de\" tg-width=\"628\" tg-height=\"118\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140646823","content_text":"U.S. stocks erased losses and took off in morning trading; Dow Jones rose 0.61%, S&P 500 jumped 0.73% while Nasdaq soared 0.82%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":786,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9931521992,"gmtCreate":1662488285417,"gmtModify":1676537070928,"author":{"id":"4087923330380190","authorId":"4087923330380190","name":"HCH88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087923330380190","authorIdStr":"4087923330380190"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AMD\">$AMD(AMD)$</a><v-v data-views=\"0\"></v-v>","listText":"<a href=\"https://ttm.financial/S/AMD\">$AMD(AMD)$</a><v-v data-views=\"0\"></v-v>","text":"$AMD(AMD)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9931521992","isVote":1,"tweetType":1,"viewCount":318,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9939727184,"gmtCreate":1662170126848,"gmtModify":1676537011887,"author":{"id":"4087923330380190","authorId":"4087923330380190","name":"HCH88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087923330380190","authorIdStr":"4087923330380190"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a><v-v data-views=\"0\"></v-v>","listText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a><v-v data-views=\"0\"></v-v>","text":"$Palantir Technologies Inc.(PLTR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9939727184","isVote":1,"tweetType":1,"viewCount":785,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9994427569,"gmtCreate":1661677264553,"gmtModify":1676536560168,"author":{"id":"4087923330380190","authorId":"4087923330380190","name":"HCH88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087923330380190","authorIdStr":"4087923330380190"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a><v-v data-views=\"0\"></v-v>","listText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a><v-v data-views=\"0\"></v-v>","text":"$Palantir Technologies Inc.(PLTR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9994427569","isVote":1,"tweetType":1,"viewCount":610,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9998743363,"gmtCreate":1661063635054,"gmtModify":1676536448151,"author":{"id":"4087923330380190","authorId":"4087923330380190","name":"HCH88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087923330380190","authorIdStr":"4087923330380190"},"themes":[],"htmlText":"Thanks for sharing!&nbsp;","listText":"Thanks for sharing!&nbsp;","text":"Thanks for sharing!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9998743363","repostId":"1114352125","repostType":4,"repost":{"id":"1114352125","pubTimestamp":1661041349,"share":"https://ttm.financial/m/news/1114352125?lang=&edition=fundamental","pubTime":"2022-08-21 08:22","market":"sg","language":"en","title":"Top Stock Highlights of the Week: Keppel Corporation, Sea Limited and Singapore as the Millionaire Capital","url":"https://stock-news.laohu8.com/highlight/detail?id=1114352125","media":"The Smart Investor","summary":"We look at recent news of a blue-chip conglomerate and review the results of a fast-growing e-commer","content":"<html><head></head><body><p>We look at recent news of a blue-chip conglomerate and review the results of a fast-growing e-commerce company.</p><p><img src=\"https://static.tigerbbs.com/53f838ba678789293613670c5535d529\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/></p><p>Welcome to the latest edition of top stock highlights where we present interesting business snippets or earnings reviews.</p><p><b>Keppel Corporation Limited (SGX: BN4)</b></p><p>Keppel Corporation has just announced a massive contract win from Brazil’s National Oil Company, Petrobras.</p><p>Its offshore and marine (O&amp;M) unit’s wholly-owned subsidiary, Keppel Shipyard, has secured a US$2.9 billion international tender to build a Floating Production, Storage and Offloading (FPSO) vessel.</p><p>The vessel, known as P-80, will be the second FPSO that Keppel O&amp;M will be building for the state-owned oil major.</p><p>The P-80 is set to be one of the largest floating production units in the world with a production capacity of 225,000 barrels of oil per day and a storage capacity of two million barrels of oil.</p><p>It is scheduled for completion in the first half of 2026 and this contract will add over S$4 billion to Keppel O&amp;M’s order book.</p><p>As a recap, Keppel O&amp;M’s net order book as of end-June 2022 stood at S$4.4 billion, so this contract alone will almost double the division’s order flow.</p><p>Elsewhere, Keppel Corporation is also partnering with <b>Keppel Infrastructure Trust</b> (SGX: A7RU), or KIT, to co-invest in a sustainable urbanisation business and a renewables project.</p><p>KIT, Keppel Asia Infrastructure Trust and Keppel Infrastructure Holdings Pte Ltd, a wholly-owned unit of Keppel Corporation, will jointly acquire a waste management services player in South Korea for around S$666.1 million.</p><p>Keppel Corporation will end up with an 18% ownership of this business.</p><p>Both KIT and Keppel Corporation will also jointly invest in a 50.01% stake in a German wind farm that will increase the latter’s renewable energy portfolio to approximately 2.2 gigawatts.</p><p>The investment amount is around S$445.3 million and the 50.01% stake will be equally split among the two businesses.</p><p><b>Sea Limited (NYSE: SE)</b></p><p>Sea Limited, a US-listed Singaporean e-commerce and gaming company, just released its fiscal 2022’s second quarter (2Q2022) and first half (1H2022) earnings.</p><p>Total revenue rose 29% year on year to US$2.9 billion while gross profit climbed 17.1% year on year to US$1.1 billion.</p><p>Despite the rise in revenue, net loss more than doubled year on year from US$433.7 million in 1H2021 to US$931.2 million in 1H2022.</p><p>The business generated a negative free cash flow of close to US$90 million in the same period.</p><p>Digging into each of Sea’s divisions, the e-commerce under Shopee saw gross orders jump 42% year on year to two billion while gross merchandise value rose 27% year on year to US$19 billion.</p><p>Globally, Shopee continued to rank as the top app on Google Play in the shopping category based on the total time spent using the app.</p><p>Sea Limited is, however, suspending its e-commerce revenue guidance for the remainder of 2022 due to macro uncertainties.</p><p>Moving on to the digital entertainment segment under Garena, quarterly active users witnessed a 15% year on year decline to 619.3 million.</p><p>Despite the decline, the latest figure is a slight increase from the previous quarter’s 615.9 million after the company saw two consecutive quarter on quarter declines in this metric.</p><p>Unfortunately, quarterly paying users continued their descent, down 39% year on year and 8.6% quarter on quarter, logging its third consecutive quarter on quarter decline.</p><p>On the bright side, Sea’s digital financial services division did well, with revenue more than tripling year on year to US$279 million.</p><p>Quarterly active users continued to rise by 53% year on year in 2Q2022 with total payment volume jumping by 36% year on year to US$5.7 billion.</p><p><b>Millionaires in Singapore</b></p><p>The number of millionaires in Singapore as a proportion of its population looks set to rise, according to a report from <b>HSBC</b> (LON: HSBA).</p><p>The bank projects that in the next eight years, the share of millionaires will rise to 13.4% of the population, up from just 7.5% last year.</p><p>Wealth is measured as the cash in bank accounts plus investments in securities such as stocks andbonds, along with any real estate holdings minus their associated mortgage amounts.</p><p>In absolute terms, the number of millionaires will jump from the current 400,000 to 700,000 from 2021 to 2030.</p><p>This steady rise bodes well for companies selling luxury goods as spending on discretionary goods is set to rise.</p><p>Luxury watch retailers <b>The Hour Glass</b> (SGX: AGS) and <b>Cortina Holdings</b> (SGX: C41) stand to benefit as the country will have more well-heeled individuals.</p><p>And let’s not forget that luxury brands such as <b>Ralph Lauren</b> (NYSE: RL) and <b>Hermes International</b> (EPS: RMS) that operate in Singapore will also see a boost in their sales.</p><p>Finally, unit trust and wealth management platform provider <b>iFAST Corporation Limited</b> (SGX: AIY) may also see sustained inflows that will allow it to continue growing its assets under administration.</p></body></html>","source":"lsy1602567310727","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>Top Stock Highlights of the Week: Keppel Corporation, Sea Limited and Singapore as the Millionaire Capital</title>\n<style 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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\">\nTop Stock Highlights of the Week: Keppel Corporation, Sea Limited and Singapore as the Millionaire Capital\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-21 08:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-highlights-of-the-week-keppel-corporation-sea-limited-and-singapore-as-the-millionaire-capital/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We look at recent news of a blue-chip conglomerate and review the results of a fast-growing e-commerce company.Welcome to the latest edition of top stock highlights where we present interesting ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-highlights-of-the-week-keppel-corporation-sea-limited-and-singapore-as-the-millionaire-capital/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AGS.SI":"欧佳时","SE":"Sea Ltd","RL":"拉夫劳伦","HSBA.UK":"汇丰控股有限公司","C41.SI":"高登","STI.SI":"富时新加坡海峡指数","BN4.SI":"吉宝有限公司","AIY.SI":"奕丰集团"},"source_url":"https://thesmartinvestor.com.sg/top-stock-highlights-of-the-week-keppel-corporation-sea-limited-and-singapore-as-the-millionaire-capital/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114352125","content_text":"We look at recent news of a blue-chip conglomerate and review the results of a fast-growing e-commerce company.Welcome to the latest edition of top stock highlights where we present interesting business snippets or earnings reviews.Keppel Corporation Limited (SGX: BN4)Keppel Corporation has just announced a massive contract win from Brazil’s National Oil Company, Petrobras.Its offshore and marine (O&M) unit’s wholly-owned subsidiary, Keppel Shipyard, has secured a US$2.9 billion international tender to build a Floating Production, Storage and Offloading (FPSO) vessel.The vessel, known as P-80, will be the second FPSO that Keppel O&M will be building for the state-owned oil major.The P-80 is set to be one of the largest floating production units in the world with a production capacity of 225,000 barrels of oil per day and a storage capacity of two million barrels of oil.It is scheduled for completion in the first half of 2026 and this contract will add over S$4 billion to Keppel O&M’s order book.As a recap, Keppel O&M’s net order book as of end-June 2022 stood at S$4.4 billion, so this contract alone will almost double the division’s order flow.Elsewhere, Keppel Corporation is also partnering with Keppel Infrastructure Trust (SGX: A7RU), or KIT, to co-invest in a sustainable urbanisation business and a renewables project.KIT, Keppel Asia Infrastructure Trust and Keppel Infrastructure Holdings Pte Ltd, a wholly-owned unit of Keppel Corporation, will jointly acquire a waste management services player in South Korea for around S$666.1 million.Keppel Corporation will end up with an 18% ownership of this business.Both KIT and Keppel Corporation will also jointly invest in a 50.01% stake in a German wind farm that will increase the latter’s renewable energy portfolio to approximately 2.2 gigawatts.The investment amount is around S$445.3 million and the 50.01% stake will be equally split among the two businesses.Sea Limited (NYSE: SE)Sea Limited, a US-listed Singaporean e-commerce and gaming company, just released its fiscal 2022’s second quarter (2Q2022) and first half (1H2022) earnings.Total revenue rose 29% year on year to US$2.9 billion while gross profit climbed 17.1% year on year to US$1.1 billion.Despite the rise in revenue, net loss more than doubled year on year from US$433.7 million in 1H2021 to US$931.2 million in 1H2022.The business generated a negative free cash flow of close to US$90 million in the same period.Digging into each of Sea’s divisions, the e-commerce under Shopee saw gross orders jump 42% year on year to two billion while gross merchandise value rose 27% year on year to US$19 billion.Globally, Shopee continued to rank as the top app on Google Play in the shopping category based on the total time spent using the app.Sea Limited is, however, suspending its e-commerce revenue guidance for the remainder of 2022 due to macro uncertainties.Moving on to the digital entertainment segment under Garena, quarterly active users witnessed a 15% year on year decline to 619.3 million.Despite the decline, the latest figure is a slight increase from the previous quarter’s 615.9 million after the company saw two consecutive quarter on quarter declines in this metric.Unfortunately, quarterly paying users continued their descent, down 39% year on year and 8.6% quarter on quarter, logging its third consecutive quarter on quarter decline.On the bright side, Sea’s digital financial services division did well, with revenue more than tripling year on year to US$279 million.Quarterly active users continued to rise by 53% year on year in 2Q2022 with total payment volume jumping by 36% year on year to US$5.7 billion.Millionaires in SingaporeThe number of millionaires in Singapore as a proportion of its population looks set to rise, according to a report from HSBC (LON: HSBA).The bank projects that in the next eight years, the share of millionaires will rise to 13.4% of the population, up from just 7.5% last year.Wealth is measured as the cash in bank accounts plus investments in securities such as stocks andbonds, along with any real estate holdings minus their associated mortgage amounts.In absolute terms, the number of millionaires will jump from the current 400,000 to 700,000 from 2021 to 2030.This steady rise bodes well for companies selling luxury goods as spending on discretionary goods is set to rise.Luxury watch retailers The Hour Glass (SGX: AGS) and Cortina Holdings (SGX: C41) stand to benefit as the country will have more well-heeled individuals.And let’s not forget that luxury brands such as Ralph Lauren (NYSE: RL) and Hermes International (EPS: RMS) that operate in Singapore will also see a boost in their sales.Finally, unit trust and wealth management platform provider iFAST Corporation Limited (SGX: AIY) may also see sustained inflows that will allow it to continue growing its assets under administration.","news_type":1},"isVote":1,"tweetType":1,"viewCount":662,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9078294820,"gmtCreate":1657687990960,"gmtModify":1676536046710,"author":{"id":"4087923330380190","authorId":"4087923330380190","name":"HCH88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087923330380190","authorIdStr":"4087923330380190"},"themes":[],"htmlText":"[Like]&nbsp;","listText":"[Like]&nbsp;","text":"[Like]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9078294820","repostId":"2251273729","repostType":4,"repost":{"id":"2251273729","pubTimestamp":1657680597,"share":"https://ttm.financial/m/news/2251273729?lang=&edition=fundamental","pubTime":"2022-07-13 10:49","market":"us","language":"en","title":"Digital Gold or Fool’s Gold: Is Crypto Really a Hedge against Equity Risk?","url":"https://stock-news.laohu8.com/highlight/detail?id=2251273729","media":"Enterprising Investor","summary":"Crypto enthusiasts often claim that digital coins and tokens are uncorrelated with equities and can ","content":"<html><head></head><body><p>Crypto enthusiasts often claim that digital coins and tokens are uncorrelated with equities and can provide a safe haven amid stock market crashes. The assumption is that cryptoassets will act like “digital gold,” serving as a hedge against equity risk, and help investors ride out such downturns.</p><p>Such bold claims beg for examination, especially amid what looks like a bear market for stocks. So, we explored how crypto has performed during previous crashes. In particular, we isolated the major panic events over crypto’s short history and studied the correlation between this new asset class and some of its more traditional peers.</p><p>Five times over the last five years, the S&amp;P 500 fell 7.5% or more. In each of these instances, we measured how correlations changed between gold and the S&amp;P 500, bitcoin and the S&amp;P 500, and bitcoin and gold. We examined the correlations between other cryptocurrencies and gold and the S&amp;P 500 as well but found the results were qualitatively similar, so we used bitcoin as a proxy for crypto in general.</p><p>The correlation between gold and the S&amp;P 500 came in as expected. Outside of major downturns, gold and the S&amp;P 500 have just a slight positive correlation of 0.060. Yet, when the S&amp;P 500 plunges, so does its average correlation with gold, which drops to –0.134. The takeaway is clear: Gold does offer some protection in down markets and lives up to its status as a perennial hedge.</p><p><img src=\"https://static.tigerbbs.com/4499af8f22512ba76cfd4a05b60c53fc\" tg-width=\"623\" tg-height=\"578\" width=\"100%\" height=\"auto\"/></p><p>The same cannot be said for bitcoin — or crypto in general. Outside of equity market downturns, bitcoin and the S&amp;P 500 have had a slight positive correlation of 0.129. Amid the last five stock market contractions, however, the correlation between bitcoin and the S&amp;P 500 jumped to 0.258. Indeed, in only two of the past five downturns did the correlation turn negative. On the other hand, true to its hedge-y reputation, gold exhibited a negative correlation with the benchmark index in four out of the last five crashes.</p><p><img src=\"https://static.tigerbbs.com/146ebf8d2a100f6e3a658d5b4f3c828a\" tg-width=\"658\" tg-height=\"585\" width=\"100%\" height=\"auto\"/></p><p>But what about bitcoin and gold? How has that relationship changed during recent panics and downturns? In rising equity markets, bitcoin and gold have a slight positive correlation of 0.057.  Amid stock market crashes, the correlation rises only slightly to 0.064.</p><p>So, whatever the state of the equity markets, the correlation between gold and bitcoin is pretty close to zero.</p><p><img src=\"https://static.tigerbbs.com/bb9b8d68f16dbb4ed8b8a714b8fd237f\" tg-width=\"629\" tg-height=\"592\" width=\"100%\" height=\"auto\"/></p><p>Based on our data, crypto certainly <b>does not</b> act like digital gold. In times of panic, the correlation between crypto and the stock market actually increases. So, whatever its proponents may say about its utility as a hedge against market downturns, crypto has served as more of an anti-hedge, with its correlation with the S&amp;P 500 rising as stocks plunge.</p><p>That said, given the lack of correlation between gold and crypto, the latter may add some diversification benefits to a portfolio.</p><p>Nevertheless, the overall verdict is undeniable: When it comes to hedging equity risk, bitcoin and cryptocurrencies are more fool’s gold than digital gold.</p></body></html>","source":"lsy1657680435045","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>Digital Gold or Fool’s Gold: Is Crypto Really a Hedge against Equity Risk?</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\">\nDigital Gold or Fool’s Gold: Is Crypto Really a Hedge against Equity Risk?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-13 10:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://blogs.cfainstitute.org/investor/2022/07/12/digital-gold-or-fools-gold-is-crypto-really-a-hedge-against-equity-risk/><strong>Enterprising Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Crypto enthusiasts often claim that digital coins and tokens are uncorrelated with equities and can provide a safe haven amid stock market crashes. The assumption is that cryptoassets will act like “...</p>\n\n<a href=\"https://blogs.cfainstitute.org/investor/2022/07/12/digital-gold-or-fools-gold-is-crypto-really-a-hedge-against-equity-risk/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://blogs.cfainstitute.org/investor/2022/07/12/digital-gold-or-fools-gold-is-crypto-really-a-hedge-against-equity-risk/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2251273729","content_text":"Crypto enthusiasts often claim that digital coins and tokens are uncorrelated with equities and can provide a safe haven amid stock market crashes. The assumption is that cryptoassets will act like “digital gold,” serving as a hedge against equity risk, and help investors ride out such downturns.Such bold claims beg for examination, especially amid what looks like a bear market for stocks. So, we explored how crypto has performed during previous crashes. In particular, we isolated the major panic events over crypto’s short history and studied the correlation between this new asset class and some of its more traditional peers.Five times over the last five years, the S&P 500 fell 7.5% or more. In each of these instances, we measured how correlations changed between gold and the S&P 500, bitcoin and the S&P 500, and bitcoin and gold. We examined the correlations between other cryptocurrencies and gold and the S&P 500 as well but found the results were qualitatively similar, so we used bitcoin as a proxy for crypto in general.The correlation between gold and the S&P 500 came in as expected. Outside of major downturns, gold and the S&P 500 have just a slight positive correlation of 0.060. Yet, when the S&P 500 plunges, so does its average correlation with gold, which drops to –0.134. The takeaway is clear: Gold does offer some protection in down markets and lives up to its status as a perennial hedge.The same cannot be said for bitcoin — or crypto in general. Outside of equity market downturns, bitcoin and the S&P 500 have had a slight positive correlation of 0.129. Amid the last five stock market contractions, however, the correlation between bitcoin and the S&P 500 jumped to 0.258. Indeed, in only two of the past five downturns did the correlation turn negative. On the other hand, true to its hedge-y reputation, gold exhibited a negative correlation with the benchmark index in four out of the last five crashes.But what about bitcoin and gold? How has that relationship changed during recent panics and downturns? In rising equity markets, bitcoin and gold have a slight positive correlation of 0.057.  Amid stock market crashes, the correlation rises only slightly to 0.064.So, whatever the state of the equity markets, the correlation between gold and bitcoin is pretty close to zero.Based on our data, crypto certainly does not act like digital gold. In times of panic, the correlation between crypto and the stock market actually increases. So, whatever its proponents may say about its utility as a hedge against market downturns, crypto has served as more of an anti-hedge, with its correlation with the S&P 500 rising as stocks plunge.That said, given the lack of correlation between gold and crypto, the latter may add some diversification benefits to a portfolio.Nevertheless, the overall verdict is undeniable: When it comes to hedging equity risk, bitcoin and cryptocurrencies are more fool’s gold than digital gold.","news_type":1},"isVote":1,"tweetType":1,"viewCount":780,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}