To The Moon

$PDD Holdings Inc(PDD)$ down almost 14% pre-market on ER.$PDD Holdings Inc(PDD)$ 2Q24 Results:* Revenue +86% to $13.35B vs. $13.97 expected (MISS)* Basic EPS +140% to $3.18 vs. $2.61 expected (BEAT)* Adjusted EPS +122% to $3.20 vs. $2.79 expected (BEAT)* TTM adjusted EPS = $10.10* TTM PE Ratio = 13.9XBUT... "We see many challenges ahead... transitioning towards high-quality development... prepared to accept short-term sacrifices and potential decline in profitability.""Looking ahead, our revenue growth will inevitably face pressure... profitability will also likely to be impacted. as we continue to invest."$PDD Holdings Inc(PDD)$ slight miss on revenue though adjust

BREAKING: Japan's stock-market posts worst losses since 1987. $Japanese Yen - main 2409(JPYmain)$ $Japanese Yen - Sep 2024(JPY2409)$ ImagePerhaps it’s this kind of incredible bubble-popping wealth-destruction that Beijing has been wanting to avoid all this time. You know, the kind of massive declines that end companies, collapse financial systems, and endanger the real economy. They were smart to rein in margin trading early on.I believe it’s this cautious approach to the capital markets that will see Chinese markets outperform their global peers this year as the massive yen carry trade unwinds. As a side note, to all those people making decisions at the BoJ that led us to this: QUIT.

$MEITUAN-W(03690)$ $MEITUAN(MPNGY)$ 3Q Results Out: Revenue +22.1% to RMB 76.5B vs. RMB 76B est. (BEAT) Adjusted NPAT +62.4% to RMB 5.7B vs. RMB 5.3B est. (BEAT)Meituan reported a bigger-than-expected 22% rise in third-quarter revenue, China’s largest food delivery firm extended its recovery from the global health crisis impact of last year.I'm wondering how this can't be manipulation. Meituan crashed in the AM on light volume, only to be bought at the lows on high volume and in the run-up to the close (look at the vol spike). Then the company announces massive 3Q earnings beat 35 mins after the end of the day.

BREAKING NEWS: $Pinduoduo Inc.(PDD)$ 3Q23 Results are out! And they're blazing hot. Revenue +94% to $9.44B vs. $7.42B est. (BEAT!) Rev from Transaction Svcs +315% to $4.0B Adjusted EPS +35% to $1.55 vs. $1.16 est. (BEAT!)Is this mainly being driven by Temu payment processing? It just doubled QoQ! At a $16 billion run-rate! Image $Pinduoduo Inc.(PDD)$ shares surge as Temu owner tops earnings estimatesPE ratio of four companies: $Pinduoduo Inc.(PDD)$ $Alibaba(BABA)$ , $Tencent Holding Ltd.(TCEHY)$ , $JD.com(JD)$ This one is becoming a new mar

China's property sector is pulling back away from the abyss. Beijing is starting to bring out the bigger guns to ensure this sector doesn't derail the economy's more gradual growth outlook. Stable financing to builders + low cost financing to homebuyers + Singapore-style mass housing devt program. Sunac China jumps 8% in Hong Kong as the property developer is expected to satisfy restructuring conditions.Image

#IMPORTANT $Ping An Insurance (Group) Company of China Ltd.(PNGAY)$ $Global X MSCI China Real Estate ETF(CHIR)$ $Country Garden Holdings Co., Ltd.(CTRYY)$ $COUNTRY GARDEN(02007)$ Reuters just reported that Beijing has asked Ping An Insurance to take a controlling stake in Country Garden. #CN_Note Ping An Insurance has 5.31% common shares of Country Garden now, according to the latest data. #China #CountryGarden #Property #RealestateImageMy comment:Rumors of Beijing instructing Ping An to take a controlling stake in Country Garden are making the rounds in Hong Kong. Ping An denied the rumor. Over the years, Ping An had

Asia markets: Hang Seng jumps, Caixin PMI below 50, RBA raises rates1. China’s urban employment was stable for the first 9 months of the year despite the weaker overall environment.Every year, Beijing is under enormous pressure to ensure there are enough jobs to satisfy its swelling workforce as around 10 million new graduates enter the job market. For the year until September 30, #China’s urban employment grew 10.22 million, attaining 85% of its annual target of 12 million new jobs. That pushed urban unemployment rate to 5%. While China has ceased publishing youth unemployment rate, improvement in youth employment was seen improving, possibly owing to stronger hiring in China’s tech sector. $iShares MSCI China ETF(MCHI)$ ,

Very strong rally in $HSTECH(HSTECH)$ today following Thursday's tentative bounce. We broke through that downtrend and looks like another 10% move higher - a move that's been known to happen in just 2 to 3 days. Strong EV sales and news of pension funds and insurance companies buying into the stock market fueling optimism. Still a lot of headwinds. We need to get past this earnings season with better guidance from companies like $Alibaba(BABA)$ $JD.com(JD)$ $Tencent Holding Ltd.(TCEHY)$ , $Baidu(BIDU)$ , $Bilibili Inc.(BILI)$ ,

News: $JD.com(JD)$'s Apple $Apple(AAPL)$ franchise store offers higher price cuts in the iPhone 15 series than Tmall during the 'Double Eleven' shopping festival, which is the first cut in one of the official supply channels ever seen.ImageMy comment:JD's stores cut $Apple(AAPL)$ 's #iPhone15 prices deeper than those in $Alibaba(BABA)$ 's TMall. Indicative of weaker-than-expected demand for the new flagship smartphone despite a foreseen recovery in industry sales in 4Q (i.e. Golden Week sales +15% YoY).

News:My comment: Strengthening supervision of financial markets doesn't equate to "tightening grip". One can only expect regulatory environment to increase during times of stress to keep tabs on the health of the system. The important thing to watch out for are signs that Beijing is taking more urgent measures to shore up the real estate industry and hopefully signs of continued opening up of the capital markets. $Global X MSCI China Real Estate ETF(CHIR)$ , $Global X China Financials ETF(CHIX)$ , $iShares China Large-Cap ETF(FXI)$