To The Moon

$MEITUAN-W(03690)$ announced its Q3 earnings after Oct. 28. How compete and survive together with Douyin will become the main investment theme for the next few quarters.Investment highlightsMeituan's Q3 performance is mainly reflected in the conflicting business sectors. In the post-"stay-at-home" era, the delivery and grocery business segments have been weak, while the offline dining and transportation businesses have shown growth.Delivery has become increasingly stable, with a steady increase in profit margin, but it may be lacking in highlights. The opening of the offline economy will inevitably have a certain impact on online delivery. Although the delivery business grew by 14% YoY this quarter, it was lower than the instant delivery and dist

1. China’s benchmark stock market index expected to change to include more tech firms. The compiler of the CSI 300 Index, China’s main stock index similar to the S&P 500, will be adding technology-related companies as part of its bi-annual review. The move is seen as an attempt to allow the main index to better reflect China’s changing economy, which is being driven by technological changes from chip manufacturing to AI and cloud computing. Chip industry leaders Cambricon Technologies, Empyrean Technology and Hygon Information Technology will be joining the CSI 300 Index starting December 2023. As it stands, the CSI 300 Index is heavily weighted in favor of financials and consumer staples, with information technology accounting for just 11.2% of the index. That contrasts with the S&

$AMTD Digital Inc.(HKD)$ The first two million shares traded were mainly short sqeeeeeeeez of 1.8M shares. The second 5 million share were profit taking and share buyback. If the movie "THE GOLDFINGER" to be debuted in Dec. is a success, the stock price WILL FLY!!! Let us hope a good 2024.

There were fewer events at home and abroad last week, and Hong Kong stocks performed flat, with the $HSI(HSI)$ up 0.6% and the $HSTECH(HSTECH)$ up 1.12%.Although the market did not surprise, the performance of individual stocks and sectors is very wonderful. Among them, $Baidu(BIDU)$ $BIDU-SW(09888)$ surged 14.2% last week due to the higher-than-expected results. In terms of sectors, the worst real estate sector of the year rose sharply under the influence of the restructuring of overseas debt, the reduction of the down payment ratio of second homes in Shenzhen and the regulation of the financing "whitelist" of 50 real

I've been covering the Chinese markets for so long that when I started, $BYD Co., Ltd.(BYDDF)$ $BYD COMPANY(01211)$ was just making batteries for $Panasonic Holdings Corporation(PCRFF)$ , $TECHTRONIC IND(00669)$ $Techtronic Industries Ltd.(TTNDY)$ was just making power tools for Black & Decker, and $Starbucks(SBUX)$ had just opened its first store in China.Today, BYD is the world's largest EV manufacturer. It has almost double Panasonic's market share in EV batteries, too. Today, Techtronic owns 13 popular brands, including Ryo

$Global X MSCI China Real Estate ETF(CHIR)$ $China Resources Land Ltd.(CRBJF)$ Chinese real estate stocks are soaring for a second day on news of troubled developers being included in the shortlist of 50 names that will qualify for government financial support possibly beginning 2024. As I said, China is tackling its property crisis with more urgency lately, and that's what's turning sentiment around. And when it (positive sentiment) trickles down to the consumer level, we'll see a more sustainable recovery in this important sector. Imagehttps://twitter.com/BrianTycangco/status/1727584814168187026

Hang Seng Tech $HSTECH(HSTECH)$ +1.5% with little help from majors like $Alibaba(BABA)$ $Alibaba(09988)$ $MEITUAN(MPNGF)$ $MEITUAN-W(03690)$. Still some overhang and confusion with Jack Ma's sale-no-sale statement. But as expected, the $High Sierra Technologies Inc.(HSTI)$ still has some short-term upside left (~7%). Looks like it's going to be led by EVs and AIs including $Li Auto(LI)$ $LI AUTO-W(02015)$ $XPe

1. China’s retail sales of consumer goods in October grew 7.6% compared to the same month a year ago. China’s Ministry of Commerce announced the nation’s retail sales of consumer goods hit RMB 4.3 trillion ($600 billion), or 7.6% higher than last year. The growth also picked up from just a 5.5% annual increase in September. October’s figures were supported by the weeklong National Day holiday that drew record numbers of travelers and significant tourism-related spending. Food and beverage sales, for instance, jumped 17.1% last month. China is still not out of the woods and the recent strength in retail spending needs to show sustained growth, particularly in November when Singles’ Day figures come in. $Alibaba(BABA)$

$XIAOMI-W(01810)$ In recent days, Xiaomi Group's stock has experienced a pullback, causing concern among many investors. However, there's no need for excessive worry. Xiaomi's stock has been on a roller coaster for quite some time, and maintaining a stable mindset with patient stockholding is the key.Here's the rationale:Xiaomi's foray into the automotive industry has shown promising success rates. With Xiaomi's involvement in the automotive sector, future profits are expected to undergo a qualitative change, potentially significantly elevating Xiaomi's valuation.The era of AI is upon us, and Xiaomi's early and strategic positioning, coupled with its longstanding AIOT strategy, positions the company to benefit substantia

$XIAOMI-W(01810)$ Xiaomi Corporation (stock code: 01810.HK) is frequently touted for its substantial cash reserves, yet it has never issued dividends. The company engages in stock repurchases without cancellation, a practice that some view as questionable. Additionally, during financial reporting periods, there is a recurrent pattern of stock issuance, often accompanied by bonuses for select executives.For Xiaomi users, the experience may be fortunate, but for shareholders, it seems to be a source of disappointment. The company's approach to handling cash, stock buybacks, and periodic stock issuances, coupled with the perceived distribution of bonuses to upper management, has raised concerns among investors.

$XIAOMI-W(01810)$ The recent adjustment in Xiaomi Corporation's (stock code: 1810.HK) stock price is just a minor correction. Market speculators, like the so-called "spring ducks," seem to have anticipated the recently announced outstanding financial report well in advance. The question now arises: Will Xiaomi continue its upward trajectory after this adjustment, possibly surpassing the 20 HKD mark? Could Xiaomi transform from "small rice" to "big rice" in the stock market? I hold an firmly yes.

$XIAOMI-W(01810)$ Xiaomi Corporation (stock code: 1810.HK) has just released its financial report, exceeding market expectations. Looking at Xiaomi's recent stock performance,if anyone claims they can't see signs of a market upturn, it's hard to believe.How exactly does one predict such stellar financial results, or is it possible that they have early access to the financial reports?

$XIAOMI-W(01810)$ Despite a decrease in unit prices, Xiaomi Corporation (stock code: 1810.HK) has achieved a new high in gross profit. Numerous factors contribute to this phenomenon, with performance reports vaguely attributing it to improvements in product structure. However, the primary driver appears to be the minimal impact of inventory impairment, which accounts for a 0.8 percentage point increase.From a valuation perspective, although the recent financial performance is commendable, Xiaomi has experienced a significant surge. Without clear visibility into sales prospects, there may be opportunities for profit-taking, but the growth potential seems limited.

$Trip.com Group Limited(TCOM)$ Driven by the quarter, revenue reached 13.8 billion yuan, 1.89 billion US dollars, a year-on-year increase of 95.2%, exceeding expectations by 20 million US dollars. EPS was $0.94, exceeding expectations of $0.37.Among them, domestic hotel bookings increased by more than 90% year-on-year, an increase of more than 70% compared to the same period in 2019. Due to the impact of the sinking strategy, the commission rate and platform ADR were slightly lower than the pre-epidemic level. At the same time, considering the seasonality, the company expects a certain degree of slowdown in domestic air and hotel bookings in Q4.Outbound hotel and flight bookings have recovered to about 80% of the same period in 2019 (compared to 6

This is the worst situation to be in. Almost like putting all your eggs in one basket. And it’s not even purely b/c of fundamentals. A large part driven by bias and geopolitics. Long US equities matched with short China, when it finally reverses, will be an epic pain trade. $KraneShares Bosera MSCI China A 50 Connect Index ETF(KBA)$ $iShares MSCI China ETF(MCHI)$ $iShares China Large-Cap ETF(FXI)$ $CSI China Internet ETF(KWEB)$ Imagehttps://twitter.com/BrianTycangco/status/1726981973930078676

Just now, $Baidu(BIDU)$ $BIDU-SW(09888)$ released third quarter results, which exceeded expectations, and its share price rose nearly 3% premarket:The earnings report exceeded analysts' expectations, but like the second quarter results, the stock price reaction was not strong, and if you look at the trend throughout the year, Baidu has completely reduced all the gains brought by AI!This can only show one thing, AI in Baidu only hype value, and investors are not optimistic about Baidu to be able to return to the peak. From the third quarter results, Baidu is also the case.First of all, Baidu's revenue in the third quarter was 34.447 billion yuan, slightly exceeding analyst expectations of 34.2 billion yua

Xiaomi's performance in a stagnant phone market is commendable. Being the only top-tier brand to witness year-on-year shipment growth showcases its resilience and strategic positioning. The substantial investment of RMB 5 billion in R&D underscores Xiaomi's dedication to innovation. This commitment not only signals confidence in their product pipeline but also reflects a proactive stance in adapting to evolving consumer needs. Such a substantial 22.0% increase in R&D spending demonstrates a long-term vision that could potentially bolster Xiaomi's competitive edge in the market. This strategic move might drive future technological advancements, setting Xiaomi apart in an increasingly competitive industry. $小米集团-W(01810)$

Xiaomi Corp has a Market Cap of 150.18M USD and a P/E Ratio of 14.29 as of Q2 2024, indicating a healthy valuation. Its Revenue Growth over the last twelve months as of Q2 2024 stands at 7.05%, demonstrating a steady increase in earnings.Xiaomi Corp holds more cash than debt on its balance sheet, which is a strong indicator of financial health. Further, the company's net income is expected to grow this year, reinforcing the positive outlook. $小米集团-W(01810)$

Xiaomi stock struggled to continue its uptrend last week and is currently trading slightly lower. However, we see this as a normal counter-reaction to the strong price gains and part of the substructure of the magenta wave (y), whose top and thus the end of the same-colored wave (B) should be in sight further north. Therefore, we expect that the bulls will soon regain the upper hand and push the price a bit higher. The high should initiate a change in direction and start a significant downward movement. $小米集团-W(01810)$

Kuaishou-W (01024) announced its Q3 2023 financial report. The recent regulatory expectations for live-streaming e-commerce caused the company's stock price to experience a pullback. However, due to optimistic expectations for Q3 performance and excellent performance on Singles' Day, the stock price rebounded again. $KUAISHOU-W(01024)$ $KUAISHOU-WR(81024)$ The revenue performance in Q3 was almost in line with market expectations, but the profit performance exceeded expectations. In addition to the company's further reduction in bandwidth costs (a major expense for short video companies), which led to an increase in gross profit margin, the continued decline in the three major expense ratios also contrib

$MEITUAN-W(03690)$ announced its Q3 earnings after Oct. 28. How compete and survive together with Douyin will become the main investment theme for the next few quarters.Investment highlightsMeituan's Q3 performance is mainly reflected in the conflicting business sectors. In the post-"stay-at-home" era, the delivery and grocery business segments have been weak, while the offline dining and transportation businesses have shown growth.Delivery has become increasingly stable, with a steady increase in profit margin, but it may be lacking in highlights. The opening of the offline economy will inevitably have a certain impact on online delivery. Although the delivery business grew by 14% YoY this quarter, it was lower than the instant delivery and dist

1. China’s benchmark stock market index expected to change to include more tech firms. The compiler of the CSI 300 Index, China’s main stock index similar to the S&P 500, will be adding technology-related companies as part of its bi-annual review. The move is seen as an attempt to allow the main index to better reflect China’s changing economy, which is being driven by technological changes from chip manufacturing to AI and cloud computing. Chip industry leaders Cambricon Technologies, Empyrean Technology and Hygon Information Technology will be joining the CSI 300 Index starting December 2023. As it stands, the CSI 300 Index is heavily weighted in favor of financials and consumer staples, with information technology accounting for just 11.2% of the index. That contrasts with the S&

There were fewer events at home and abroad last week, and Hong Kong stocks performed flat, with the $HSI(HSI)$ up 0.6% and the $HSTECH(HSTECH)$ up 1.12%.Although the market did not surprise, the performance of individual stocks and sectors is very wonderful. Among them, $Baidu(BIDU)$ $BIDU-SW(09888)$ surged 14.2% last week due to the higher-than-expected results. In terms of sectors, the worst real estate sector of the year rose sharply under the influence of the restructuring of overseas debt, the reduction of the down payment ratio of second homes in Shenzhen and the regulation of the financing "whitelist" of 50 real

$AMTD Digital Inc.(HKD)$ The first two million shares traded were mainly short sqeeeeeeeez of 1.8M shares. The second 5 million share were profit taking and share buyback. If the movie "THE GOLDFINGER" to be debuted in Dec. is a success, the stock price WILL FLY!!! Let us hope a good 2024.

1. China’s retail sales of consumer goods in October grew 7.6% compared to the same month a year ago. China’s Ministry of Commerce announced the nation’s retail sales of consumer goods hit RMB 4.3 trillion ($600 billion), or 7.6% higher than last year. The growth also picked up from just a 5.5% annual increase in September. October’s figures were supported by the weeklong National Day holiday that drew record numbers of travelers and significant tourism-related spending. Food and beverage sales, for instance, jumped 17.1% last month. China is still not out of the woods and the recent strength in retail spending needs to show sustained growth, particularly in November when Singles’ Day figures come in. $Alibaba(BABA)$

I've been covering the Chinese markets for so long that when I started, $BYD Co., Ltd.(BYDDF)$ $BYD COMPANY(01211)$ was just making batteries for $Panasonic Holdings Corporation(PCRFF)$ , $TECHTRONIC IND(00669)$ $Techtronic Industries Ltd.(TTNDY)$ was just making power tools for Black & Decker, and $Starbucks(SBUX)$ had just opened its first store in China.Today, BYD is the world's largest EV manufacturer. It has almost double Panasonic's market share in EV batteries, too. Today, Techtronic owns 13 popular brands, including Ryo

Hang Seng Tech $HSTECH(HSTECH)$ +1.5% with little help from majors like $Alibaba(BABA)$ $Alibaba(09988)$ $MEITUAN(MPNGF)$ $MEITUAN-W(03690)$. Still some overhang and confusion with Jack Ma's sale-no-sale statement. But as expected, the $High Sierra Technologies Inc.(HSTI)$ still has some short-term upside left (~7%). Looks like it's going to be led by EVs and AIs including $Li Auto(LI)$ $LI AUTO-W(02015)$ $XPe

Just now, $Baidu(BIDU)$ $BIDU-SW(09888)$ released third quarter results, which exceeded expectations, and its share price rose nearly 3% premarket:The earnings report exceeded analysts' expectations, but like the second quarter results, the stock price reaction was not strong, and if you look at the trend throughout the year, Baidu has completely reduced all the gains brought by AI!This can only show one thing, AI in Baidu only hype value, and investors are not optimistic about Baidu to be able to return to the peak. From the third quarter results, Baidu is also the case.First of all, Baidu's revenue in the third quarter was 34.447 billion yuan, slightly exceeding analyst expectations of 34.2 billion yua

$Global X MSCI China Real Estate ETF(CHIR)$ $China Resources Land Ltd.(CRBJF)$ Chinese real estate stocks are soaring for a second day on news of troubled developers being included in the shortlist of 50 names that will qualify for government financial support possibly beginning 2024. As I said, China is tackling its property crisis with more urgency lately, and that's what's turning sentiment around. And when it (positive sentiment) trickles down to the consumer level, we'll see a more sustainable recovery in this important sector. Imagehttps://twitter.com/BrianTycangco/status/1727584814168187026

$Trip.com Group Limited(TCOM)$ Driven by the quarter, revenue reached 13.8 billion yuan, 1.89 billion US dollars, a year-on-year increase of 95.2%, exceeding expectations by 20 million US dollars. EPS was $0.94, exceeding expectations of $0.37.Among them, domestic hotel bookings increased by more than 90% year-on-year, an increase of more than 70% compared to the same period in 2019. Due to the impact of the sinking strategy, the commission rate and platform ADR were slightly lower than the pre-epidemic level. At the same time, considering the seasonality, the company expects a certain degree of slowdown in domestic air and hotel bookings in Q4.Outbound hotel and flight bookings have recovered to about 80% of the same period in 2019 (compared to 6

$XIAOMI-W(01810)$ In recent days, Xiaomi Group's stock has experienced a pullback, causing concern among many investors. However, there's no need for excessive worry. Xiaomi's stock has been on a roller coaster for quite some time, and maintaining a stable mindset with patient stockholding is the key.Here's the rationale:Xiaomi's foray into the automotive industry has shown promising success rates. With Xiaomi's involvement in the automotive sector, future profits are expected to undergo a qualitative change, potentially significantly elevating Xiaomi's valuation.The era of AI is upon us, and Xiaomi's early and strategic positioning, coupled with its longstanding AIOT strategy, positions the company to benefit substantia

$XIAOMI-W(01810)$ Xiaomi Corporation (stock code: 01810.HK) is frequently touted for its substantial cash reserves, yet it has never issued dividends. The company engages in stock repurchases without cancellation, a practice that some view as questionable. Additionally, during financial reporting periods, there is a recurrent pattern of stock issuance, often accompanied by bonuses for select executives.For Xiaomi users, the experience may be fortunate, but for shareholders, it seems to be a source of disappointment. The company's approach to handling cash, stock buybacks, and periodic stock issuances, coupled with the perceived distribution of bonuses to upper management, has raised concerns among investors.

$XIAOMI-W(01810)$ Despite a decrease in unit prices, Xiaomi Corporation (stock code: 1810.HK) has achieved a new high in gross profit. Numerous factors contribute to this phenomenon, with performance reports vaguely attributing it to improvements in product structure. However, the primary driver appears to be the minimal impact of inventory impairment, which accounts for a 0.8 percentage point increase.From a valuation perspective, although the recent financial performance is commendable, Xiaomi has experienced a significant surge. Without clear visibility into sales prospects, there may be opportunities for profit-taking, but the growth potential seems limited.

$XIAOMI-W(01810)$ The recent adjustment in Xiaomi Corporation's (stock code: 1810.HK) stock price is just a minor correction. Market speculators, like the so-called "spring ducks," seem to have anticipated the recently announced outstanding financial report well in advance. The question now arises: Will Xiaomi continue its upward trajectory after this adjustment, possibly surpassing the 20 HKD mark? Could Xiaomi transform from "small rice" to "big rice" in the stock market? I hold an firmly yes.

$XIAOMI-W(01810)$ Xiaomi Corporation (stock code: 1810.HK) has just released its financial report, exceeding market expectations. Looking at Xiaomi's recent stock performance,if anyone claims they can't see signs of a market upturn, it's hard to believe.How exactly does one predict such stellar financial results, or is it possible that they have early access to the financial reports?

This is the worst situation to be in. Almost like putting all your eggs in one basket. And it’s not even purely b/c of fundamentals. A large part driven by bias and geopolitics. Long US equities matched with short China, when it finally reverses, will be an epic pain trade. $KraneShares Bosera MSCI China A 50 Connect Index ETF(KBA)$ $iShares MSCI China ETF(MCHI)$ $iShares China Large-Cap ETF(FXI)$ $CSI China Internet ETF(KWEB)$ Imagehttps://twitter.com/BrianTycangco/status/1726981973930078676

Kuaishou-W (01024) announced its Q3 2023 financial report. The recent regulatory expectations for live-streaming e-commerce caused the company's stock price to experience a pullback. However, due to optimistic expectations for Q3 performance and excellent performance on Singles' Day, the stock price rebounded again. $KUAISHOU-W(01024)$ $KUAISHOU-WR(81024)$ The revenue performance in Q3 was almost in line with market expectations, but the profit performance exceeded expectations. In addition to the company's further reduction in bandwidth costs (a major expense for short video companies), which led to an increase in gross profit margin, the continued decline in the three major expense ratios also contrib

Last week, the good news continued, first the United States in October CPI was lower than expected, the Federal Reserve rate hike probability plunged, the global stock market soared. After that, the presidents of China and the United States met and reached a number of consensus, and the external environment became warmer.However, after Wednesday's rally, the $HSI(HSI)$ fell for two days in a row, bringing it back to square one.Why are Hong Kong stocks insensitive to heavy profits? There may be three reasons:First, a number of China concept stocks released quarterly reports last week, in which $TENCENT(00700)$ $Tencent Holding Ltd.(TCEHY)$ 's third quarter result

$XPeng Inc.(XPEV)$ $XPENG-W(09868)$ has just released its third quarter report, revealing a slight miss on revenue expectations and a record-breaking loss, causing its pre-market stock price to plummet by nearly 4%.Special commend: How to achieve an 8%* annualized yield on your Tiger Vault Fund?Specifically, Xpeng's revenue in the third quarter was 8.53 billion yuan, an increase of 25% year-on-year, but slightly less than the 8.58 billion yuan expected by analysts:Revenue growth is within market expectations, because Xpeng announces sales every month, although less than market expectations, but the range is not large. Therefore, the r

1. China steps up measures to boost its real estate sector by approving 50 developers qualified to receive financing support. Financial regulators in China are drafting up a list of 50 private and state-owned real estate companies that will be eligible to avail of financing through a variety of methods. These include direct loans, looser debt limits, as well as the ability to finance through issuance of equity (i.e. share sales). The list could include China Vanke, Seazen, and Longfor, which have all seen their shares trimmed to a fraction not their previous highs on concert of over leverage and a slowing domestic market. This list could be related to the RMB 1 trillion in low-cost financing that Beijing announced last week directed at homebuyers. It appears that Beijing is approaching the