To The Moon

Lion-OCBC Securities APAC Financials Dividend Plus ETF is a passive ETF that seeks to track the performance of the iEdge APAC Financials Dividend Plus Index, which comprises the 30 largest and most tradable financial sector companies listed in the Asia Pacific region with stable dividend payouts. The region consists of Australia, Hong Kong, Japan, Singapore, Korea, Indonesia, Malaysia, and Thailand. The Initial Offering Period (IOP) for the said ETF is from 11 April to 3 May 2024. 1)      Good Track Record of Fund Manager The fund manager, Lion Global Investors Limited (LGI), is one of the leading asset managers in Southeast Asia. Its notable milestones include: -          Its assets under management (AUM) stands at S$69

The world of artificial intelligence (AI) is witnessing an unprecedented surge in competition, with tech giants vying for supremacy. Contenders like Amazon.com $AMZN and Samsung Electronics are entering the fray, aiming to challenge established leaders Microsoft and Google. Amazon is developing a new large language model codenamed "Olympus". This ambitious venture, spearheaded by Rohit Prasad, Amazon's Head Scientist of Artificial General Intelligence (AGI), has the potential to revolutionize the AI landscape. Amazon’s Olympus Boasting an impressive two trillion parameters, Olympus is a groundbreaking conversational AI software. The model is anticipated to outperform AWS's current Titan model, offering advancements for Amazon's online retail, Alexa voice assistant, and Amazon Web Services.

🏆🐯Congratulations to Tiger Brokers for this great reward! Feel free to leave us a comment telling us what great suggestions you have for Tiger Brokers.

Winking Studios Limited (“Winking”) is an art outsourcing and game development studio that provides end-to-end art outsourcing and game development services across various platforms such as console, PC, online and handheld content for the video games industry. The company was founded in 2004 by Mr. Johnny Jan (Executive Chairman and CEO) and has over 20 years of established track record. Winking has more than 700 highly skilled workforce of art talents, designers and scriptwriters. The company has developed more than 8 self-developed games, as well as 13 internationally renowned third-party games such as New World by Amazon Games; Madden NFL 22 by Electronic Arts; Assassin’s Creed Valhalla by Ubisoft and Identity V by NetEase. Winking has three key business segments: Art Outsourcing Segmen

Data Centre REIT [Written by Edmund Chan: CIO of Tiger Fund Management] DCREIT's current distress valuation of 0.61x P/B ratio could be an investment opportunity. The company is trading at low valuation due to the bankruptcy announcement from its second-largest tenant. This could be an opportunity given that concern appears to be overblown. Here are some insights: Freehold data centre REIT Tenant Bankruptcy Mitigating Worst-Case Scenarios Distress valuation Freehold data centre REIT DCREIT is a freehold data centre S-REIT with a portfolio of 11 data centres in the US, Canada and Germany. They are valued at US$1.4b across 1.2m net rentable square feet. The portfolio occupancy is at 96.9%, with 76% of clients possessing investment grade credit quality. Its properties are strategically locate

The US inflation rate has recently declined to a more than two-year low, reaching 3% last month, marking just one-third of the level it was a year ago. This drop in inflation has led to plunging yields on short-term Treasury yields. This could indicate that the Federal Reserve is nearing the end of its hiking cycle. A beneficiary of lower interest rate is the Singapore REITs (S-REITs). Currently, the Singapore REITS is trading at 6.2% dividend yield and 0.93x P/B, as indicated by the FTSE ST All-Share Real Estate Investment Trusts Index. Below is an overview of the largest S-REITs: CapitaLand Integrated Commercial Trust CapitaLand Ascendas REIT Mapletree Pan Asia Commercial Trust CapitaLand Integrated Commercial Trust (CICT) CapitaLand Integrated Commercial Trust (CICT) emerged from the me

Data is the new oil [By Edmund Chan: CIO of Tiger Fund Management] In a recent Citi Conference, Equinix $Equinix(EQIX)$ CEO Charles Meyers was asked for three reasons to buy Equinix. He replied with the following reasons: 1) continued long-term demand from digital transformation 2) differentiated, durable story in digital competency3) strong track record of delivering durable growth. I concur with his views. Without a doubt, Equinix is the global market leader among data centre companies. Here are some insights: Global leadership Go-to-Market Strategy Growth Potential Premium valuation Global leadership Equinix manages an impressive network of 248 data centers worldwide, with 138 owned by the company. This ownership is equivalent to 67% of

Pure-play data centre [By Edmund Chan: CIO of Tiger Fund Management] I remembered meeting the management of Keppel DC REIT (“KDCREIT ”) during their IPO roadshow in 2014. Since then, KDCREIT has always been a core holding in my REIT portfolio. KDCREIT has done remarkably well, generating returns of 2.5x in less than 10 years. It has outperformed the STI Index by 216%. This is an amazing feat, considering KDCREIT is a dividend stock, and not a growth stock. Early this year, with high interest surrounding ChatGPT, I was asked in an Lianhe Zaobao newspaper interview about AI-related stocks in Singapore. I immediately mentioned KDCREIT $KEPPEL DC REIT(AJBU.SI)$ . Hence, I want to re-visit the thesis of Keppel DC REIT in this post (@$2.13; 10/07). H

Proxy to AI Boom [By Edmund Chan: CIO of Tiger Fund Management] A lot of AI stocks have run up. So, it is timely to look at laggard plays. I’ve decided to look at the Hong Kong market since it has lagged behind other developed markets. This year, the Hang Seng Index has declined 3% compared to 17% rise of S&P500 Index. That is where I found a gem - a company that I have followed for many years. That company is SUNeVISION. SUNeVISION $SUNEVISION(01686)$ is the largest data center company in Hong Kong. The ongoing AI boom will result in a surge of data usage and, correspondingly, lead to higher demand for data centers. This will greatly benefit SUNeVISION (@$4.04; 03/07 Close). Here are some insights: Largest data center company in Hong Kong Mo

Top AI stock pick [By Edmund Chan: CIO of Tiger Fund Management] Here’s a thought experiment. Will you invest in a company that is: A combination of “Google” + “Azure/AWS” + “Tesla” + “OpenAI” + “Netflix” Operates in the second largest economy in the world Trades at 13x P/E and 13% EPS growth If your answer is a resounding “Yes”, Baidu $Baidu(BIDU)$ will be one of your top stock picks. The share price of Chinese companies has experienced a severe downturn in the past 3 years. The market cap of Alibaba has crashed 75% from its peak of $840 billion. While this is a lamentable state of affairs for some, I believe this is an excellent opportunity to invest into Chinese companies. In this space, my top pick is Baidu (@$122.85; 31/05 Close). And I will