To The Moon

The question is what's broken and not when's the pivot... Equity markets are grasping for signs of the infamous pivot. Weakness in employment data is interpreted as dovish and thus bullish. That's why the S&P has been loosely tracking initial jobless claims over the past few months. The world continues to be upside down where bad news is good news and vice versa. Cutting of interest rates has shifted dramatically in the last month thanks in large part to the failures of U.S. banks SVB Financial Group, Signature Bank (NYSE:SBNY) and Silvergate Capital Corp (NASDAQ:SI), as well as the emergency takeover of Credit Suisse Group AG (NYSE:CS) by UBS Group AG (NYSE:UBS). Domino dancing? Investors are now anticipating aggressive rate cuts by the Federal Reserve before the end of the

US Market - 20 Mar to 24 Mar 2023 I am still in a bit of a dazed coming off last week’s 3 worst events, in my opinion. A 166 years old grand old dame ( $Credit Suisse Group AG(CS)$) coerced into an arranged marriage with an unwilling suitor ( $UBS Group AG(UBS)$) all for a mere $3.2 Billion. US regional banks facing potential meltdown; despite the bigger banks extending an olive branch to the tune of $30 Billion. Financial contagion further affected another Euro bank ( $Deutsche Bank AG(DB)$) as a result of the cost of insuring Deutsche's debt against default leapt to multiyear highs. On top of the bank turmoil, US central bank has the guts to revise terminal ra

As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,258.90 points, up 1.44% points in the past 5 days.During the last 5 trading days, $SEMBCORP MARINE LTD(S51.SI)$, $TJ DaRenTang(T14.SI)$, $NIO Inc.(NIO.SI)$, $SATS LTD.(S58.SI)$ and $JARDINE CYCLE & CARRIAGE LTD(C07.SI)$ are the top 5 Weekly gainers, up 14.42%, 10.07%, 9.74%, 8.98% and 8.76% respectively. $YANGZIJI

天齊鋰業（9696，H股市值93億元，A+H總市值1,441億元）上週四晚派成績表後，先跌後升，兩個交易日累計升3.2％。現價56.55元，績優大超值。天齊績後，麥格理睇127元，較現價高125%。1）天齊是全球最大的鋰開採商，市佔率高達38%，歷史逾20年，主要客戶包括全球頂級電池製造商、電池材料生產商。天齊A股（深：002466）2010年在深圳上市，H股去年7月在港掛牌，IPO價82元，現價潛水31％。2022財年（12月年結），天齊營收401.7億元人幣，大增4.3倍；純利239.4億元人幣；EPS 15.52元人幣，爆升5.2倍，往績PE 3.2倍。同業贛鋒鋰業（1772，H股市值201億元，A+H總市值1,458億元）上週三宣佈業績，去年營收414億元人幣，大增2.7倍，純利205億元人幣，大增2.9倍；EPS 10.18元人幣，大增2.8倍。現價49.9元，往績PE 4.3倍，天齊較其折讓26%。2）以去年底NAV計，天齊PB 1.68倍，較贛鋒的2.0倍折讓16%。3）天齊派期息每股3元人幣，摺合股息率6釐。贛鋒派1元人幣，股息率2.3釐，天齊較其高出3.7釐。 今年預測PE 3.8倍 股息6釐4）2023財年，彭博綜合預測天齊盈利回落12％，天齊與相關股份2023財年的預測估值如下：．天齊：PE 3.8倍、PB 1.2倍、股息率6釐；．贛鋒：PE 5.5倍、PB 1.6倍、股息率2.5釐；．龍佰（深：002601）：PE 11.5倍、PB 2.2倍、股息率5.1釐；．寧德時代（深：300750）：PE 31倍、PB 5.0倍、股息率0.5釐；．廣東宏大（深：002683）：PE 35倍、PB 3.6倍、股息率1釐；．昊華科技（滬：600378）：PE 38倍、PB 5.1倍、股息率0.8釐。 麥格理睇升125% 天齊現價56.55元，目標97元（摺合今年預

US market on Wed (22 Mar) traded directionlessly until 2:00pm when the FOMC meeting was over with the press conference by Mr Powell, hot on the heels. When the 0.25% interest hike was confirmed, market “reacted positively” initially. It was afterall the much anticipated 0.25% and not the much feared 0.5%. The “euphoria” proved to be short-lived as the press conference pressed on with Mr Powell further confirming that there would be no let down from the central bank in their fight to bring inflation down. Personally I think, it is commendable that the Fed Reserves provides a clear direction of where they are heading without being ambiguous. Doing so minimizes “speculations” of any sorts to be postulated by Wall Street to smoke-screen and “fool” the general public. Agree ? By The Time Marke

After the Silicon Valley Bank (SVB) Crash, investors alike have rushed to withdraw their money from the U.S Banks in fear. If you, like these investors are worried about where to park your cash, we might just have the solution for you. Alternative to Bank Deposits Here at Tiger Brokers, Tiger Vault is a cash management solution that provides investors yields of up to 4.54%* on their idle funds. You can select from mutual funds with relatively stable returns, low risk ratings, and high liquidity in the global markets. Is Tiger Vault impacted by the fall of SVB? The funds that we’ve handpicked to be part of Tiger Vault do not have any expo

Selling covered call options (sell covered call) is a strategy adopted by many large funds. It can also be used by retail investors in the US stock market.You can get income while holding it. This strategy is very suitable for stocks that have long-term positions, but they have not moved but they are not in a bearish position recently or are in a bearish position recently. It can be a good strategy for mature investors to roll over when holding some targets for a long time. Income comparison Assume that investors hold 200 shares of Amazon from January 1 to December 17, 2021 If there is no operation during the holding period, the final total assets will be USD 675,484 If the covered call strategy is carried out, it will be operated once a week; if 100 shares are sold after the exercise, ano

What happened to Credit Suisse? On March 9, Credit Suisse announced that it had received technical inquiries from the SEC regarding its previously disclosed revisions to its consolidated cash flow statements for 2020 and 2019, and therefore delayed the release of its 2022 annual report. On March 14, Credit Suisse said it had identified “material weaknesses” in its internal controls over financial reporting for 2021 and 2022, and received an adverse opinion from its auditors. Credit Suisse’s share price fell by 24% on March 15, while its five-year CDS rose to nearly 1000, higher than Deutsche Bank’s crisis in 2016 and the eurozone debt crisis in 2013. This was mainly due to investor concerns about Credit Suisse and its potential adverse consequences. Credit default swaps (CDS) are credit ri

Like to thank Tiger for awarding the weekly top prediction for SPY. It's an honor and a privilege to winning this reward for the fifth time since Feb 2023. I'll do my best to share how to trade SPY profitably in the coming week again. The US government will almost certainly step in to bail out the financial sector even if it did collapse. This serves as the final backstop against a worst-case scenario. In truth, there are a lot of issues going on in the global economy and America is doing okay only because the US Dollar and US debt is still viewed as safe-haven assets. This will remain true for a while, and it is in America’s best interest to maintain economic and financial stability so the world can continue to trust in American assets. S&P 500 is flirti

As the market faces more concerns and a recession is expected. it is possible that some of the sectors to see a decline. For those who do not like the risks coming from shorting a stock, we can consider using inverse ETFs. REK - an inverse ETF targeting the real estate sector Here is a list of the top-performing inverse ETFs for each sector, as of March 11th, 2023 by ChatGPT. Consumer Discretionary: ProShares Short Consumer Discretionary (SCC) Consumer Staples: ProShares Short Consumer Staples (SPLZ) Energy: ProShares Short Oil & Gas (DDG) Financials: ProShares Short Financials (SEF) Health Care: ProShares Short Health Care (SHC) Industrials: ProShares Short Industrials (SIJ) Information Technology: ProShares Short QQQ (PSQ) Materials: ProShares Short Basic Materials (SBM) Real Estat