To The Moon

I've found myself shopping more often on Shopee since the pandemic, so I'm leaning to the argument that COVID has certainly improved the appeal of e-commerce. Despite having fallen from grace when its market capitalization was once the greatest among companies headquartered in Singapore, $Sea Ltd(SE)$  has since embarked on drastic measures to improve its profitability after previous focus on increasing market share. With recovery in e-commerce and online gaming and a fledgling digital banking business under its fold, Sea appears to be regaining market confidence, with over 70% rise in its stock price year to date a testimony of investors' confidence. Hopefully, Sea will continue to march forward and regain its past glory.

$AMC Entertainment(AMC)$   is a long-time meme darling that has recently regained attention from the meme community looking for short-squeeze gains. Its stock has witnessed volatile swings, as the meme community and the fundamentalists engage in daily tug-of-war. With lack of fundamental improvements in the theatre chain as rising competition from online streaming service providers the likes of $Netflix(NFLX)$  draws viewers away and without news that would justify higher valuation, I would refrain from joining the meme community to avoid being the last person holding the ball when the music ends. I would rather place my bet on Netflix and the other online streaming service providers, as movie streaming has been gaining traction worldwide.

The Chinese EV startups $NIO-SW(09866)$ Bullish , $XPENG-W(09868)$ Bullish and Li Auto have been weighed by slowing domestic EV demands, not helped by overcapacity as a result of more players jumping onto the bandwagon and aggressive expansion to secure market shares in the highly competitive Chinese market. Nevertheless, the Chinese EV makers have proven themselves in containing their costs, sealing partnerships and expanding to overseas markets. With better knowledge of the local market, their sales have proven to be resilient despite rising competition, while their profit margins have remained stable with their lean cost structures. With their lower cost structures and richer EV lineup to capture different segments of the market, the Chinese EV makers have been giving Tesla a run for its money. I believe the current stock prices of the Chinese EV makers are not doing justice to their fundamentals and may present opportunities to participate in their long-term growth.