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2022-08-14

One cannot predicts the future and it is probable there's 14% downside risk to Alibaba from here. Whether Munger is paring the stock now for later accumulation or Masayoshi is selling to beef up his troubling Softbank, these are regular tides in the big ocean. What concerns is will Alibaba float up strongly when eventually the tide rises to a new high? Or it has internal problems or geopolitics that is beyond its control? As I said at the beginning, no one knows. Let the investors decide.

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2022-08-12

Delisting of behemoths like Alibaba will hurt US standing as well. SEC restrictive probes is a politically motivated move, not economically. PE and near term revenue growth are a lesser concern for monopolistic cash cows like Alibaba. Only that investors have to hold this stock until the current recessionary sentiment turns brighter.

Alibaba: More Bad News

2022-01-30

Events in 1920s will replay itself but at a faster time frame. Essentially, Depression then War!

Goldman Sachs Predicts Fed Will Raise Rates Five Times This Year

2022-02-13

Russia takes Ukraine, China takes Taiwan, and US can take Cuba. Everybody gains, superpowers that is.

What a Russian Invasion of Ukraine Would Mean for Markets as Biden Warns Putin of 'Severe Costs'

2025-09-05

Mark Moss says Gold is heading to $15000, sell your kidney and just BUY!

2022-09-17

TRiple wynching is a WitchHer potion adds another 100% to market volatility Bet she will fly in on her broomstick on a stormy night

A $3.2 Trillion Option Expiration Seen Worsening Post-CPI Rout

2025-02-13

My Grab driver says no need to know FCF or DCF, just know it's WTF! (he means World's Top Financial)... 🤣

Grab This Buying Opportunity Before It Is Gone

2022-08-18

Do people still follow Wave theory now? You kidding me?

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2022-05-20

In Singapore, this car is called Ah Nio.

NIO Debuts in Singapore as the First Auto Company Listed on Three Exchanges

2022-05-06

It's time to burn...

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Go to Tiger App to see more news

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Understand.&nbsp;","listText":"Tiger Assists Tiger for more commissions. Understand.&nbsp;","text":"Tiger Assists Tiger for more commissions. Understand.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/424706176754128","repostId":"1107603421","repostType":4,"repost":{"id":"1107603421","kind":"news","pubTimestamp":1744705202,"share":"https://ttm.financial/m/news/1107603421?lang=en_US&edition=fundamental","pubTime":"2025-04-15 16:20","market":"sg","language":"en","title":"Singapore Calls May 3 Vote as Living Costs, Trade War Take Toll","url":"https://stock-news.laohu8.com/highlight/detail?id=1107603421","media":"Bloomberg","summary":"Singapore will hold its general elections on May 3, according to a statement from the Elections Department.","content":"<div>\n<p>Singapore’s government called for a May 3 election as Prime Minister Lawrence Wong seeks a mandate to tackle cost-of-living concerns and lead a nation that has long benefitted from global trade into a...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-04-15/singapore-to-hold-general-elections-on-may-3\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Calls May 3 Vote as Living Costs, Trade War Take Toll\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-04-15 16:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2025-04-15/singapore-to-hold-general-elections-on-may-3><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore’s government called for a May 3 election as Prime Minister Lawrence Wong seeks a mandate to tackle cost-of-living concerns and lead a nation that has long benefitted from global trade into a...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-04-15/singapore-to-hold-general-elections-on-may-3\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.bloomberg.com/news/articles/2025-04-15/singapore-to-hold-general-elections-on-may-3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107603421","content_text":"Singapore’s government called for a May 3 election as Prime Minister Lawrence Wong seeks a mandate to tackle cost-of-living concerns and lead a nation that has long benefitted from global trade into a complicated new era.Wong called on President Tharman Shanmugaratnam to dissolve parliament and issue a writ of election, setting the stage for the vote in less than three weeks, according to a pair of government statements published Tuesday.High living costs are top of mind for voters as the 52-year-old leader of the People’s Action Party, who took over from Lee Hsien Loong about a year ago, turns to cash handouts and social welfare programs to ease the economic pain that spiked in the aftermath of the Covid-19 pandemic.But navigating choppy geopolitics will be just as big a challenge for the city-state, which for decades has used its strategic position to become a financial and commodities-trading hub with one of the highest living standards in the world.The brewing global trade war “will spell trouble for all nations, especially small ones like Singapore,” Wong said in a social media video earlier this month. “We risk being squeezed out, marginalized and left behind.”Domestically, Wong and the ruling People’s Action Party — which has governed Singapore since independence in 1965 — announced plans this year to spend almost S$124 billion ($94 billion) on everything from airport upgrades to vouchers for supermarkets and elder care.The government’s approach has faced criticism from opposition figures, while a majority of residents said the measures were inadequate to deal with their cost-of-living concerns, according to a February poll.While the PAP has never come close to losing its parliamentary super-majority — let alone a general election — opposition parties have been working the ground in earnest for weeks seeking an upset. They will be testing voter faith in Wong after the PAP scored its worst-ever electoral result in 2020, winning 89% of parliamentary seats amid the pandemic. The PAP took about 61% of the popular vote then.“This election will not only be a referendum on Wong’s leadership but also on the fourth-generation leadership team he heads,” said Nydia Ngiow, managing director at strategic business consultancy BowerGroupAsia. “For the PAP, maintaining its two-thirds majority will be critical.”Whether the opposition can capitalize, and to what extent, is unclear in a country where opinion polls are barred once the election is announced. Both sides are downplaying their chances, as they have in previous cycles, with Wong saying last year that there’s no guarantee his party can form a stable government.Pritam Singh, the leader of the opposition in parliament, has warned that his Workers’ Party faces a “real risk of a wipe out.” He’s said that at least one-third of parliament should consist of opposition MPs.Whatever the case, economic realities will be front and center in the election, with Singapore already expecting slower growth amid global trade uncertainties. The Ministry of Trade and Industry this month lowered the country’s 2025 growth forecast to 0-2% from a 1%-3% estimate in February. That’s down from a 4.4% expansion in 2024.GDP ImpactWong warned lawmakers on April 8 that the forecast might be cut given the tariffs imposed by the Trump administration and their impact on the global trade regime.“Singapore may or may not go into recession this year,” Wong said. “I have no doubt our growth will be significantly impacted.”That was reiterated by former Prime Minister Lee, who said this month that the new trade war is “going to affect our economy, it’s going to affect our region and it’s going to affect our future. It’s not good news.”Tan Cheng Bock, chairman of the opposition Progress Singapore Party, said the government was trying to scare voters ahead of the election.Social CompactDomestically, Wong has sought to shore up the economy with a new slate of social measures including, for the first time, unemployment benefits. The strategy is part of a vision for Singapore that the Harvard-alumnus billed as a means of refreshing the island nation’s social compact.His approach prompted fierce criticism from the opposition, which accused the government of “turbocharging inflation.”“Unfortunately the support packages given by the government are now a given and people expect this anyway,” former ruling party lawmaker Inderjit Singh said before parliament was dissolved. “I don’t think the support packages will make a big impact to win back more votes.”With both the PAP and the opposition facing political controversies in recent years, including a 2024 corruption conviction that sent a government minister to jail, the question is how much of that still lingers in the minds of voters, said Ngiow of BowerGroupAsia.“While this environment could pave the way for opposition gains, much depends on whether opposition parties can offer credible, long-term cost-of-living solutions,” she said.","news_type":1,"symbols_score_info":{"STI.SI":1.1}},"isVote":1,"tweetType":1,"viewCount":2143,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":423312166777688,"gmtCreate":1744355722482,"gmtModify":1744355726852,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"Chess usually ends in a drawn game but poker usually is winner takes all!","listText":"Chess usually ends in a drawn game but poker usually is winner takes all!","text":"Chess usually ends in a drawn game but poker usually is winner takes all!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/423312166777688","repostId":"1140765034","repostType":2,"repost":{"id":"1140765034","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1744340734,"share":"https://ttm.financial/m/news/1140765034?lang=en_US&edition=fundamental","pubTime":"2025-04-11 11:05","market":"us","language":"en","title":"Trump Acknowledged He Could Cause a Recession, but Just Didn’t Want a Depression","url":"https://stock-news.laohu8.com/highlight/detail?id=1140765034","media":"Tiger Newspress","summary":"President Donald Trump was aware the economy could enter a recession, but wanted to avoid a depression, from his tariffs, according to a Wall Street Journal report.Kevin Hassett, director of the U.S. ","content":"<html><head></head><body><ul style=\"\"><li><p>President Donald Trump was aware the economy could enter a recession, but wanted to avoid a depression, from his tariffs, according to a Wall Street Journal report.</p></li><li><p>Kevin Hassett, director of the U.S. National Economic Council, told CNBC on Thursday that the collapsing bond market contributed to Trump’s decision to walk back his trade policy.</p></li></ul><p>President Donald Trump wanted to avoid sending the economy into a depression through his contentious plan for tariffs, according to The Wall Street Journal.</p><p style=\"text-align: start;\">Trump privately said he was aware that his broad and steep plan for levies unveiled last week could tip the economy into a recession, but he didn’t want a depression, according to a Wednesday night report from the paper, citing people familiar with the conversations.</p><p style=\"text-align: start;\">Trump also told advisors that he was willing to accept “pain” over the policy, a person who spoke with him on Monday told the Journal.</p><p style=\"text-align: start;\">A depression is considered by economists to take place when a recession becomes more severe and entails higher unemployment and a more prolonged downturn. The U.S. has avoided them since the Great Depression in the 1930s — when unemployment hit 25% — because of progress in monetary policy and fiscal policy, along with programs like deposit insurance from the Federal Deposit Insurance Corp.</p><p style=\"text-align: start;\">While many economists were starting to predict a recession from Trump’s high tariffs paralyzing global trade, none were saying it would lead to a depression.</p><p style=\"text-align: start;\">Bond yields soared while equities cratered in the days before Trump said he would rollback some of his country-specific tariffs on Wednesday. His reversal powered a sharp comeback in the stock market, with the S&amp;P 500 on Wednesday registering its best day since 2008.</p><p style=\"text-align: start;\">Kevin Hassett, director of the U.S. National Economic Council, told CNBC on Thursday that the bond market decline contributed to Trump’s decision. The 10-year Treasury yield overnight Tuesday into Wednesday spiked above 4.5% on speculation a big foreign holder like Japan or China was dumping bonds. Bond prices move inversely to yields.</p><p style=\"text-align: start;\">“Everything was moving forward in an orderly fashion,” Hassett said on CNBC’s “Squawk Box.” “There’s no doubt that the Treasury market yesterday made it so that the decision that, you know, it is about time to move was made with, I think, perhaps a little more urgency. But it was going to happen.”</p><p style=\"text-align: start;\">Trump also acknowledged the role of investor concerns during remarks made after the decision on Wednesday.</p><p style=\"text-align: start;\">“I thought that people were jumping a little bit out of line,” Trump said. “They were getting a little bit yippy, a little bit afraid.”</p><p style=\"text-align: start;\">White House Spokesman Kush Desai said in a statement to CNBC that Trump changed his policy after the administration received commitments from a majority of trading partners to strike “favorable” deals. He said the administration would use both tariffs and negotiations as tools to confront trade deficits.</p><p style=\"text-align: start;\">“The only interest guiding President Trump’s decision making is the best interest of the American people,” Desai said.</p><p style=\"text-align: start;\">A driver of Trump’s alterations was the rising role of Treasury Secretary Scott Bessent in advising on trade policy, according to the Journal, which cited people close to the situation. The number of countries negotiating with the White House also made Trump open to switching course, a person who talked with the president told the Journal.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump Acknowledged He Could Cause a Recession, but Just Didn’t Want a Depression</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump Acknowledged He Could Cause a Recession, but Just Didn’t Want a Depression\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2025-04-11 11:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul style=\"\"><li><p>President Donald Trump was aware the economy could enter a recession, but wanted to avoid a depression, from his tariffs, according to a Wall Street Journal report.</p></li><li><p>Kevin Hassett, director of the U.S. National Economic Council, told CNBC on Thursday that the collapsing bond market contributed to Trump’s decision to walk back his trade policy.</p></li></ul><p>President Donald Trump wanted to avoid sending the economy into a depression through his contentious plan for tariffs, according to The Wall Street Journal.</p><p style=\"text-align: start;\">Trump privately said he was aware that his broad and steep plan for levies unveiled last week could tip the economy into a recession, but he didn’t want a depression, according to a Wednesday night report from the paper, citing people familiar with the conversations.</p><p style=\"text-align: start;\">Trump also told advisors that he was willing to accept “pain” over the policy, a person who spoke with him on Monday told the Journal.</p><p style=\"text-align: start;\">A depression is considered by economists to take place when a recession becomes more severe and entails higher unemployment and a more prolonged downturn. The U.S. has avoided them since the Great Depression in the 1930s — when unemployment hit 25% — because of progress in monetary policy and fiscal policy, along with programs like deposit insurance from the Federal Deposit Insurance Corp.</p><p style=\"text-align: start;\">While many economists were starting to predict a recession from Trump’s high tariffs paralyzing global trade, none were saying it would lead to a depression.</p><p style=\"text-align: start;\">Bond yields soared while equities cratered in the days before Trump said he would rollback some of his country-specific tariffs on Wednesday. His reversal powered a sharp comeback in the stock market, with the S&amp;P 500 on Wednesday registering its best day since 2008.</p><p style=\"text-align: start;\">Kevin Hassett, director of the U.S. National Economic Council, told CNBC on Thursday that the bond market decline contributed to Trump’s decision. The 10-year Treasury yield overnight Tuesday into Wednesday spiked above 4.5% on speculation a big foreign holder like Japan or China was dumping bonds. Bond prices move inversely to yields.</p><p style=\"text-align: start;\">“Everything was moving forward in an orderly fashion,” Hassett said on CNBC’s “Squawk Box.” “There’s no doubt that the Treasury market yesterday made it so that the decision that, you know, it is about time to move was made with, I think, perhaps a little more urgency. But it was going to happen.”</p><p style=\"text-align: start;\">Trump also acknowledged the role of investor concerns during remarks made after the decision on Wednesday.</p><p style=\"text-align: start;\">“I thought that people were jumping a little bit out of line,” Trump said. “They were getting a little bit yippy, a little bit afraid.”</p><p style=\"text-align: start;\">White House Spokesman Kush Desai said in a statement to CNBC that Trump changed his policy after the administration received commitments from a majority of trading partners to strike “favorable” deals. He said the administration would use both tariffs and negotiations as tools to confront trade deficits.</p><p style=\"text-align: start;\">“The only interest guiding President Trump’s decision making is the best interest of the American people,” Desai said.</p><p style=\"text-align: start;\">A driver of Trump’s alterations was the rising role of Treasury Secretary Scott Bessent in advising on trade policy, according to the Journal, which cited people close to the situation. The number of countries negotiating with the White House also made Trump open to switching course, a person who talked with the president told the Journal.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQQQ":"纳指三倍做空ETF","QQQ":"纳指100ETF","SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","TQQQ":"纳指三倍做多ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140765034","content_text":"President Donald Trump was aware the economy could enter a recession, but wanted to avoid a depression, from his tariffs, according to a Wall Street Journal report.Kevin Hassett, director of the U.S. National Economic Council, told CNBC on Thursday that the collapsing bond market contributed to Trump’s decision to walk back his trade policy.President Donald Trump wanted to avoid sending the economy into a depression through his contentious plan for tariffs, according to The Wall Street Journal.Trump privately said he was aware that his broad and steep plan for levies unveiled last week could tip the economy into a recession, but he didn’t want a depression, according to a Wednesday night report from the paper, citing people familiar with the conversations.Trump also told advisors that he was willing to accept “pain” over the policy, a person who spoke with him on Monday told the Journal.A depression is considered by economists to take place when a recession becomes more severe and entails higher unemployment and a more prolonged downturn. The U.S. has avoided them since the Great Depression in the 1930s — when unemployment hit 25% — because of progress in monetary policy and fiscal policy, along with programs like deposit insurance from the Federal Deposit Insurance Corp.While many economists were starting to predict a recession from Trump’s high tariffs paralyzing global trade, none were saying it would lead to a depression.Bond yields soared while equities cratered in the days before Trump said he would rollback some of his country-specific tariffs on Wednesday. His reversal powered a sharp comeback in the stock market, with the S&P 500 on Wednesday registering its best day since 2008.Kevin Hassett, director of the U.S. National Economic Council, told CNBC on Thursday that the bond market decline contributed to Trump’s decision. The 10-year Treasury yield overnight Tuesday into Wednesday spiked above 4.5% on speculation a big foreign holder like Japan or China was dumping bonds. Bond prices move inversely to yields.“Everything was moving forward in an orderly fashion,” Hassett said on CNBC’s “Squawk Box.” “There’s no doubt that the Treasury market yesterday made it so that the decision that, you know, it is about time to move was made with, I think, perhaps a little more urgency. But it was going to happen.”Trump also acknowledged the role of investor concerns during remarks made after the decision on Wednesday.“I thought that people were jumping a little bit out of line,” Trump said. “They were getting a little bit yippy, a little bit afraid.”White House Spokesman Kush Desai said in a statement to CNBC that Trump changed his policy after the administration received commitments from a majority of trading partners to strike “favorable” deals. He said the administration would use both tariffs and negotiations as tools to confront trade deficits.“The only interest guiding President Trump’s decision making is the best interest of the American people,” Desai said.A driver of Trump’s alterations was the rising role of Treasury Secretary Scott Bessent in advising on trade policy, according to the Journal, which cited people close to the situation. The number of countries negotiating with the White House also made Trump open to switching course, a person who talked with the president told the Journal.","news_type":1,"symbols_score_info":{".DJI":1.1,"TQQQ":1.1,".SPX":1.1,"SQQQ":1.1,"QQQ":1.1,"SPY":1.1,".IXIC":1.1}},"isVote":1,"tweetType":1,"viewCount":1829,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":402842291695712,"gmtCreate":1739377681882,"gmtModify":1739848392688,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"My Grab driver says no need to know FCF or DCF, just know it's WTF! (he means World's Top Financial)... 🤣","listText":"My Grab driver says no need to know FCF or DCF, just know it's WTF! (he means World's Top Financial)... 🤣","text":"My Grab driver says no need to know FCF or DCF, just know it's WTF! (he means World's Top Financial)... 🤣","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/402842291695712","repostId":"1188026021","repostType":2,"repost":{"id":"1188026021","kind":"news","pubTimestamp":1739328449,"share":"https://ttm.financial/m/news/1188026021?lang=en_US&edition=fundamental","pubTime":"2025-02-12 10:47","market":"us","language":"en","title":"Grab This Buying Opportunity Before It Is Gone","url":"https://stock-news.laohu8.com/highlight/detail?id=1188026021","media":"Seeking Alpha","summary":"SummaryRecent share price weakness for Grab offers a good buying opportunity for the upcoming growth, profitability enhancement and FCF improvement.While the company is growing its user base, its stra","content":"<html><head></head><body><h2 id=\"id_3872712376\">Summary</h2><ul style=\"\"><li><p>Recent share price weakness for Grab offers a good buying opportunity for the upcoming growth, profitability enhancement and FCF improvement.</p></li><li><p>While the company is growing its user base, its strategy of bringing annual transacting users to monthly or even daily through enhanced product offerings and cross-selling drives secular growth.</p></li><li><p>Grab will report its 4Q24 results on 21 Feb. I expect another strong set of results, with its first positive operating profit and further growth in FCF.</p></li><li><p>The current share price of $4.8 appears undervalued; DCF purely based on Mobility and Deliveries suggests a fair value of $5.5/share on conservative assumptions. Strong Buy.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b743d88737387136cd369b668540bccc\" alt=\"Kokkai Ng\" title=\"Kokkai Ng\" tg-width=\"750\" tg-height=\"500\"/><span>Kokkai Ng</span></p><p>Grab (NASDAQ:GRAB) has been moving sideways YTD after a fantastic run in 4Q24. Compared to Uber (UBER), the closest peer to Grab, Uber has significantly outperformed Grab YTD with share price surging 23.7%. While there doesn’t appear to be any Grab-specific news driving the underperformance, the recent cyber scam incident in Myanmar with a Chinese celebrity and other individuals being kidnapped in Thailand and hustled across the border could be a possible reason. In this article, besides assessing the potential impact of cyber scam in Myanmar/Thailand on Grab, I will also look into Grab&#39;s growth strategies and valuation to see if it is a good entry point at the current share price level of $4.8.</p><h2 id=\"id_1800344930\">Negligible impact of the Myanmar/Thailand’s cyber scam incident</h2><p>Following widespread reports of a cyber scam in Myanmar involving trafficking of Chinese actor Xing Wang and a few Chinese individuals going missing and being kidnapped in Thailand, thousands of Chinese tourists have cancelled their travel plan to Thailand for CNY holiday amid growing safety concerns. The Association of Thai Travel Agents (ATTA) estimates Chinese tourists could drop 10-20% in the CNY holiday.</p><p>There is no doubt that Thailand is one of the key growing markets for Grab. As CEO Anthony Tan highlighted during 3Q24 result conference call, “…it&#39;s like the movie, Everybody Loves Raymond. This one is everybody loves Thailand. And there&#39;s a lot of people coming in, and we are really blessed to see that strengthening of inbound tourism that&#39;s supporting our growth”. In 2023, revenue from Thailand jumped 88% to $205 million, taking up 8.7% of total revenue. While growth in Thailand is remarkable, its importance is significantly lower than Malaysia, Indonesia and Singapore, each taking up &gt;20% of total revenue.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/fc4ca3122719498562e84bbebdb8d293\" alt=\"Grab&#39;s revenue by geographies (Grab)\" title=\"Grab&#39;s revenue by geographies (Grab)\" tg-width=\"480\" tg-height=\"288\"/><span>Grab&#39;s revenue by geographies (Grab)</span></p><p>If I assume a worst-case scenario where Thai revenue to fall 20% as suggested by ATTA, this would translate into 1.7% impact on Grab’s total revenue. In reality, the impact will be less than 1.7% as the decline in visitors is unlikely to last for the whole year. In addition, the disclosed geographical revenue ($205m in 2023) includes all business segments. Food deliveries and financial services are theoretically less dependent on tourism. Therefore, the cyber scam in Myanmar and Thailand should not have material impact on Grab’s financial.</p><h2 id=\"id_3048799683\">Strategically paving the way for Growth</h2><p>Grab’s share price had skyrocketed after releasing a strong 3Q24 result. A quick recap: Grab’s revenue was up 20% YoY (constant currency basis) on the back of an 18% YoY increase in on-demand GMV. This drove Grab’s adjusted EBITDA to hit a quarterly record high of $90m from just $15m in 3Q23. So, what’s driving the exceptional growth for Grab despite keen competition in the market? I think company’s sales strategies play a big role.</p><p><strong>Mobility – Strong GMV growth plus margin expansion through High-Value Mobility Service</strong></p><p>Grab’s product offerings cover customers from all tiers. Grab’s Saver Delivery and Saver Ride-hailing are the more affordable options for customers who are price sensitive or looking for value. These affordable options helped boost Grab’s Monthly Transacting Users (MTUs) significantly. The 16% YoY growth in Grab’s MTUs in 3Q24 was partly driven by these affordability initiatives.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/11a4c008ff2dbd31047d57f117609ba9\" alt=\"Grab&#39;s quarterly MTU growth (Grab)\" title=\"Grab&#39;s quarterly MTU growth (Grab)\" tg-width=\"480\" tg-height=\"288\"/><span>Grab&#39;s quarterly MTU growth (Grab)</span></p><p>On the other hand, Grab also provides premium services to customers who are willing to pay more for additional comfort or luxury, such as Grab Premium and Grab Executive. GMV growth for high-value mobility ride was impressive at 30% in 3Q24 vs overall mobility GMV growth of 24%. The GMV per ride on high-value mobility ride was 2.4x higher than that of standard, as highlighted by management. Its revenue margin also came in at 1.2x higher, fueling the profit growth of the mobility segment. While the adjusted EBITDA margin was marginally lower at 8.8% in 3Q24 vs 9% in 3Q23 due to rising Saver Mobility offerings, a sequential improvement has been seen vs 8.2% in 2Q24 as contribution from High-Value Mobility offerings increased.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/41263ad59342b2fdb2d19a2ac8924f31\" alt=\"Luxury Ride with GrabExecutive (Grab)\" title=\"Luxury Ride with GrabExecutive (Grab)\" tg-width=\"640\" tg-height=\"368\"/><span>Luxury Ride with GrabExecutive (Grab)</span></p><p><strong>Deliveries – Accelerating growth driven by Savers Deliveries; Food x Mart Cross-selling to boost Frequency and Retention</strong></p><p>Growth in deliveries GMV has been accelerating from 14% in 2Q24 to 16% in 3Q24 on a constant currency basis. Similar to Mobility, Grab has a balanced approach in growing Saver and Priority Deliveries services. While Savers are more price sensitive, they are more active in re-ordering, with a frequency level nearly double that of non-Savers. Saver Deliveries also sets a lower bar to attract new customers using Grab’s services, boosting growth in Grab’s delivery services. Saver Deliveries took up 32% of total deliveries transactions in 3Q24, from 14% in 3Q23.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a475cbf347163b19f6c1a8c2e5f5e9c0\" alt=\"Grab&#39;s Deliveries GMV growth (Grab)\" title=\"Grab&#39;s Deliveries GMV growth (Grab)\" tg-width=\"640\" tg-height=\"360\"/><span>Grab&#39;s Deliveries GMV growth (Grab)</span></p><p>As highlighted by management, frequency is important for Deliveries business. And 1/3 of the deliveries today are coming from subscribers. To capture more subscribers, Grab scaled its GrabUnlimited in 3Q24 by launching long-term plans across the six core markets. Management revealed that a GrabUnlimited subscriber is spending 4x more and 3x higher in frequency, driving growth for Grab’s Deliveries. Moreover, Grab is also pushing hard to cross-sell between GrabFood and GrabMart to boost frequency. According to Management, order frequency for a user in both Food and Mart is 4.9x higher than a food-only user. More importantly, this also suggests higher stickiness to the platform, which, I think, is crucial for the success of Grab.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3b9de99879c977570baa0e4c44bdc06b\" alt=\"GrabFood cross-sells with GrabMart (Grab)\" title=\"GrabFood cross-sells with GrabMart (Grab)\" tg-width=\"640\" tg-height=\"360\"/><span>GrabFood cross-sells with GrabMart (Grab)</span></p><p>Deliveries’ adjusted EBITDA margin increased 0.2ppts YoY to 1.8% in 3Q24 on improved monetization of the Food business and increased contribution from advertising. While adverting revenue only accounted for 1.6% of Grab’s Deliveries GMV in 3Q24 vs 1.4% in 2Q24 and 1.1% in 3Q23, I believe Grab has taken a right step to enhance the profitability of its Deliveries business as advertising margins are high. Management is committed to achieve the long term adjusted EBITDA margin target of 4%+ for its Deliveries business, suggesting margins upside in the next couple of quarters.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/080c6b9c8e5c49e391385b0fe57d13d6\" alt=\"Grab&#39;s long-term adjusted EBITDA margin guidance (Grab)\" title=\"Grab&#39;s long-term adjusted EBITDA margin guidance (Grab)\" tg-width=\"640\" tg-height=\"346\"/><span>Grab&#39;s long-term adjusted EBITDA margin guidance (Grab)</span></p><p><strong>Financial services – Deal with BYD fuels the growth of the segment</strong></p><p>Grab’s financial business has been growing robustly, with loan disbursal rising 38% YoY in 3Q24 to a record high of $567 million. Netting expected credit loss allowances, Grab’s loan portfolio jumped 81% YoY to $498 million. Unlike traditional banks targeting individuals with strong credit history, Grab’s leading business primarily serves the users and merchants on the platform. With the launch of digital banks (GXBank, GSX Bank and Superbank in Malaysia, Singapore and Indonesia respectively) since 2023, it has also started to focus on people who are underbanked or unbanked. Management estimates that 2/3 of the population in SE Asia are either unbanked or underbanked suggesting enormous growth potential.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/055f4971cd0d58c261629e95f12b4594\" alt=\"Grab&#39;s robust loan &amp; deposit growth (Grab)\" title=\"Grab&#39;s robust loan &amp; deposit growth (Grab)\" tg-width=\"640\" tg-height=\"352\"/><span>Grab&#39;s robust loan &amp; deposit growth (Grab)</span></p><p>While the financial services business segment is still loss-making, its adjustment EBITDA losses narrowed 27% YoY to $26 million in 3Q24 on rising revenue base and operating leverage. The rising bank deposits across the three digital banks, surpassing $1bn in 3Q24, also provides Grab with a low cost of funding.</p><p>Loan growth momentum has been strong, but do we need to concern about non-performing loans (NPLs)? Management revealed that its 90-days NPLs were stable at 2% which is surprisingly low for a fintech lender. Global banks typically have NPL ratios around 1-2% while emerging market banks, fintech &amp; alternative lenders could have NPL ratios of 3-7%. This reflects Grab’s strong ability in assessing its users’ or merchants’ credibility through their order and sales data on the platform.</p><p><strong>Deal with BYD fuels additional growth for Grab’s loan business</strong></p><p>BYD (OTCPK:BYDDY) announced on 15 Jan 2025 that it entered into an EV supply partnership with Grab, supplying up to 50,000 BYD’s EV for Grab’s driver partners across SE Asia. According to the announcement, drivers will have the option of renting the EVs from Grab or opting for financing supporting through Grab’s car ownership scheme. While it didn’t specify who will provide the financing, it is very likely that Grab’s financial services unit will underwrite loans to drivers who would like to join the ownership scheme. To Grab, this generates additional loan interest income on top of the mobility revenue, demonstrating strong synergy between business segments.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/82e324c0adb3d678ceec5c68d5175c61\" alt=\"Grab and BYD partnership on 50,000 BYD EV Supply in SE Asia (BYD/Grab)\" title=\"Grab and BYD partnership on 50,000 BYD EV Supply in SE Asia (BYD/Grab)\" tg-width=\"640\" tg-height=\"427\"/><span>Grab and BYD partnership on 50,000 BYD EV Supply in SE Asia (BYD/Grab)</span></p><p>BYD has agreed to supply vehicles at the most competitive rates. I have made a guesstimate by digging out the price range of the mentioned models including Denza D9, BYD Atto3, BYD Seal, and BYD M6. Assuming BYD will supply 50,000 vehicles, total value could be $2.1bn. While not some drivers would opt for renting from Grab, the potential size of car loan opportunity for Grab could still be over $400m if I conservatively assume 20% of the driver would opt for car ownership program. This is already comparable to Grab’s loan portfolio of $498m in 3Q24, suggesting significant room for loan growth.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/92a749f901e18a2f28294a636d333b36\" alt=\"Loan growth potential from BYD partnership (Analyst&#39;s estimate)\" title=\"Loan growth potential from BYD partnership (Analyst&#39;s estimate)\" tg-width=\"460\" tg-height=\"202\"/><span>Loan growth potential from BYD partnership (Analyst&#39;s estimate)</span></p><h3 id=\"id_646035952\">Grab’s MTUs have room for further upside</h3><p>Despite being a leader in ride-hailing and food delivery in SE Asia, Grab’s MTUs as a percentage of total population in SE Asia was only 5 (41.9m users) in 3Q24. Management revealed on a results conference call that its annual transacting users (ATUs) was much higher at 15% (approx. 105m users). This suggests that many new users are just occasionally using Grab’s services instead of using it every month. I believe the new initiatives implemented by Grab’s management, such as Saver Ride-hailing, Food x Mart cross-selling, FlexiLoan and GrabPay, are all with the same goal to increase transaction frequency. This should drive tremendous upside to Grab’s MTUs/revenue as users ride up the frequency curve.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d9ca6dd5df747e99b0d9696ff7cacccc\" alt=\"Grab&#39;s ATUs is 3x higher than its MTUs (Grab)\" title=\"Grab&#39;s ATUs is 3x higher than its MTUs (Grab)\" tg-width=\"480\" tg-height=\"288\"/><span>Grab&#39;s ATUs is 3x higher than its MTUs (Grab)</span></p><h3 id=\"id_920859467\">Incentives moving sideways with positive OP around the corner and Growing FCF</h3><p>Grab has been loss making at operating level since debuted on Nasdaq in 2021. This was mainly due to ample incentives offered to partners, like drivers and merchants, and consumers, to enhance stickiness. While Grab was still in red in 3Q24, the good news was that Grab’s operating losses have been narrowing with its increased scale and improved synergies.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/89de3fd0fcf9b3353e1d091ba016f247\" alt=\"Grab&#39;s operating profit trend (Seeking Alpha)\" title=\"Grab&#39;s operating profit trend (Seeking Alpha)\" tg-width=\"628\" tg-height=\"197\"/><span>Grab&#39;s operating profit trend (Seeking Alpha)</span></p><p>Absolute incentives came off from the peak of $583m in 4Q21 to a recent low of $381 million in 3Q23, but it has been rising slowly in the last couple of quarters, driven by new initiatives like affordability push, advanced booking and GrabExecutive. I don’t foresee a big decline in incentives in near term as management focuses a lot on topline and frequency growth, but it has stated clearly during the result conference call that a very balanced approach will be taken in growing the topline/frequency but also driving profitability at the same time.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/1850e58404d503357b2431b8cd4c9fc4\" alt=\"Grab&#39;s incentives is growing less than GMV (Grab)\" title=\"Grab&#39;s incentives is growing less than GMV (Grab)\" tg-width=\"480\" tg-height=\"288\"/><span>Grab&#39;s incentives is growing less than GMV (Grab)</span></p><p>For a long-term investor, free cash flow (FCF) is an important matrix when evaluating a company. Grab had not been generating positive adjusted FCF (mobility + deliveries) until 4Q23, where $4 million was recorded. Adjusted FCF continued to improve thereafter, with $76 million in 9M24. Management is guided to achieve positive adjusted FCF for the full year 2024 likely suggesting another positive FCF in 4Q24.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/de693407f3727c918604b265af25a0d6\" alt=\"Grab&#39;s FCF (GAAP) trend (Grab)\" title=\"Grab&#39;s FCF (GAAP) trend (Grab)\" tg-width=\"624\" tg-height=\"192\"/><span>Grab&#39;s FCF (GAAP) trend (Grab)</span></p><h2 id=\"id_3864167915\">Valuation: DCF value of Mobility and Deliveries are already higher than current market cap</h2><p>I am not an expert in valuing financials or banks. Therefore, the DCF below is purely based on Grab’s Mobility and Deliveries segment and DCF is obviously not an appropriate valuation method for banks and financials. Grab discloses adjusted FCF, a non-GAAP financial matrix that excludes the changes in working capital in relation to loans and deposits in digital banking business. Grab’s adjusted FCF has started picking up since 2Q24 on the back of improving profitability, especially the big earnings beat in 3Q24.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/dcf63fffff65d8f702f84772d5826961\" alt=\"Grab&#39;s adjusted FCF (Grab)\" title=\"Grab&#39;s adjusted FCF (Grab)\" tg-width=\"480\" tg-height=\"288\"/><span>Grab&#39;s adjusted FCF (Grab)</span></p><p>I expect Grab continues to deliver a strong FCF in 4Q24E, taking full year adjusted FCF to $220m. Management has committed to deliver its first positive adjusted FCF since listed. As I believe Grab’s profitability will keep improving in 2025E, I assume Grab’s adjusted FCF to reach $552m ($138 x 4) based on the latest quarterly FCF in 3Q24. From 2026E onwards, I assume Grab’s adjusted FCF to grow 14% every year till 2034. I believe this growth assumption is on the conservative side as Grab’s revenue growth in 9M24 was approximately 19% YoY, and it should accelerate in 2025E. If margin expansion is taken into account, Grab’s adjusted FCF should be growing at &gt;14% growth. In terms of discount rate, Alpha Spread suggests a WACC of 7.8% based on 13.7% cost of debt and 7.7% cost of equity. Considering the higher operational risks in Southeast Asia, such as currency risks, I conservatively use a slightly higher WACC of 10% to reflect the higher risks. With these assumptions, my DCF model suggests a fair value of $5.5/share for Grab or 15% upside from last closing. Bear in mind that this DCF value has not taken into account of the value of Grab’s financial services business, which creates strong synergies with the Mobility and Deliveries business, and it is currently growing rapidly. Therefore, I believe Grab is being undervalued by the market.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/023cbb3b988d247006ff762ab73512d7\" alt=\"Grab&#39;s DCF based on Mobility and Deliveries FCF (Grab &amp; Analyst&#39;s estimates)\" title=\"Grab&#39;s DCF based on Mobility and Deliveries FCF (Grab &amp; Analyst&#39;s estimates)\" tg-width=\"624\" tg-height=\"192\"/><span>Grab&#39;s DCF based on Mobility and Deliveries FCF (Grab &amp; Analyst&#39;s estimates)</span></p><h3 id=\"id_4161799760\">Is Grab substantially more expensive than Uber?</h3><p>Many other analysts look at Price-to-Sales ratio for valuation comparison of Uber and Grab. It seems to be the only viable matrix given Grab is still loss-making at operating level. However, there is one big weakness of using Price-to-Sales on Uber and Grab, which is the lack of incentives disclosure in Uber where incentives are deducted directly from revenue. Hence, the claim of Grab trading at 7.1x vs 3.6x P/S TTM might be inaccurate. I think a slight tweak to use Price-to-GMV could be a fairer valuation matrix when making the comparison. The below table shows the calculated P/GMV ratio. While Grab is trading at a premium to Uber, the valuation premium is not as high as what has been suggested by P/S ratio. If you consider that SE Asia is an under-penetrated market, a lot more room for Grab to grow vs the matured market where Uber is operating, the slight valuation gab looks negligible.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/dc90581ca2719e95d47645ee3968e362\" alt=\"Grab vs Uber on P/GMV (Grab &amp; Analyst estimate)\" title=\"Grab vs Uber on P/GMV (Grab &amp; Analyst estimate)\" tg-width=\"353\" tg-height=\"184\"/><span>Grab vs Uber on P/GMV (Grab &amp; Analyst estimate)</span></p><h3 id=\"id_2555214603\">Further multiple expansion is around the corner if Grab beats consensus again</h3><p>Grab is near the tipping point where its operating profit and full year FCF are about to turn positive. If Grab also manages to beat consensus estimate in 4Q24E (to be released on 21 Feb 2025), I would expect to see valuation multiple re-rating, taking Grab’s share price to a new high. Multiple expansion is always the strongest at inflection point.</p><h2 id=\"id_1536432247\">Downside Risks to my Strong Buy recommendation</h2><p><strong>Faster-than-expected development in Robotaxi – </strong>While I don’t foresee Robotaxi or driverless taxi to pose an immediate threat to Grab due to the less developed road infrastructure in SE Asia, it could be a medium-term threat if Grab is not embracing the technology advancement in time. Uber is a very good example. With its large exposure in the US, Uber’s share price was under pressure in 4Q24 after Tesla announcing its plan in Robotaxi. After that Uber has announced several partnerships including Waymo, WeRide and Cruise to offer autonomous taxis.</p><p><strong>Rising competition in the region </strong>–Grab has a strong presence in SE Asia, but it doesn’t mean there is no competition. Competitors like Gojek and Bolt have their eyes on Grab’s market share. Malicious competition or price war could adversely impact the profitability of Grab.</p><p><strong>Weaker-than-expected economy </strong>– People using Grab for ride-hailing and deliveries are mainly the middle to high-income group. They might cut down spending on taxis and take public transport if they see their jobs at risk due to economic uncertainty.</p><h2 id=\"id_2138456952\">Conclusion</h2><p>Grab, as the Uber in SE Asia, is now at the pivotal moment with operating profit and FCF about to turn positive. I expect valuation multiple to expand when the market sees profits and FCF sustainability in Grab. My DCF model suggests Grab is currently being undervalued as Mobility and Deliveries, without considering the value of Financial Services business, are already worth $5.5/share vs last closing of $4.8. Strong Buy.</p></body></html>","source":"lsy1728464409321","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab This Buying Opportunity Before It Is Gone</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab This Buying Opportunity Before It Is Gone\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-02-12 10:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4756972-grab-this-buying-opportunity-before-it-is-gone><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryRecent share price weakness for Grab offers a good buying opportunity for the upcoming growth, profitability enhancement and FCF improvement.While the company is growing its user base, its ...</p>\n\n<a href=\"https://seekingalpha.com/article/4756972-grab-this-buying-opportunity-before-it-is-gone\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"source_url":"https://seekingalpha.com/article/4756972-grab-this-buying-opportunity-before-it-is-gone","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188026021","content_text":"SummaryRecent share price weakness for Grab offers a good buying opportunity for the upcoming growth, profitability enhancement and FCF improvement.While the company is growing its user base, its strategy of bringing annual transacting users to monthly or even daily through enhanced product offerings and cross-selling drives secular growth.Grab will report its 4Q24 results on 21 Feb. I expect another strong set of results, with its first positive operating profit and further growth in FCF.The current share price of $4.8 appears undervalued; DCF purely based on Mobility and Deliveries suggests a fair value of $5.5/share on conservative assumptions. Strong Buy.Kokkai NgGrab (NASDAQ:GRAB) has been moving sideways YTD after a fantastic run in 4Q24. Compared to Uber (UBER), the closest peer to Grab, Uber has significantly outperformed Grab YTD with share price surging 23.7%. While there doesn’t appear to be any Grab-specific news driving the underperformance, the recent cyber scam incident in Myanmar with a Chinese celebrity and other individuals being kidnapped in Thailand and hustled across the border could be a possible reason. In this article, besides assessing the potential impact of cyber scam in Myanmar/Thailand on Grab, I will also look into Grab's growth strategies and valuation to see if it is a good entry point at the current share price level of $4.8.Negligible impact of the Myanmar/Thailand’s cyber scam incidentFollowing widespread reports of a cyber scam in Myanmar involving trafficking of Chinese actor Xing Wang and a few Chinese individuals going missing and being kidnapped in Thailand, thousands of Chinese tourists have cancelled their travel plan to Thailand for CNY holiday amid growing safety concerns. The Association of Thai Travel Agents (ATTA) estimates Chinese tourists could drop 10-20% in the CNY holiday.There is no doubt that Thailand is one of the key growing markets for Grab. As CEO Anthony Tan highlighted during 3Q24 result conference call, “…it's like the movie, Everybody Loves Raymond. This one is everybody loves Thailand. And there's a lot of people coming in, and we are really blessed to see that strengthening of inbound tourism that's supporting our growth”. In 2023, revenue from Thailand jumped 88% to $205 million, taking up 8.7% of total revenue. While growth in Thailand is remarkable, its importance is significantly lower than Malaysia, Indonesia and Singapore, each taking up >20% of total revenue.Grab's revenue by geographies (Grab)If I assume a worst-case scenario where Thai revenue to fall 20% as suggested by ATTA, this would translate into 1.7% impact on Grab’s total revenue. In reality, the impact will be less than 1.7% as the decline in visitors is unlikely to last for the whole year. In addition, the disclosed geographical revenue ($205m in 2023) includes all business segments. Food deliveries and financial services are theoretically less dependent on tourism. Therefore, the cyber scam in Myanmar and Thailand should not have material impact on Grab’s financial.Strategically paving the way for GrowthGrab’s share price had skyrocketed after releasing a strong 3Q24 result. A quick recap: Grab’s revenue was up 20% YoY (constant currency basis) on the back of an 18% YoY increase in on-demand GMV. This drove Grab’s adjusted EBITDA to hit a quarterly record high of $90m from just $15m in 3Q23. So, what’s driving the exceptional growth for Grab despite keen competition in the market? I think company’s sales strategies play a big role.Mobility – Strong GMV growth plus margin expansion through High-Value Mobility ServiceGrab’s product offerings cover customers from all tiers. Grab’s Saver Delivery and Saver Ride-hailing are the more affordable options for customers who are price sensitive or looking for value. These affordable options helped boost Grab’s Monthly Transacting Users (MTUs) significantly. The 16% YoY growth in Grab’s MTUs in 3Q24 was partly driven by these affordability initiatives.Grab's quarterly MTU growth (Grab)On the other hand, Grab also provides premium services to customers who are willing to pay more for additional comfort or luxury, such as Grab Premium and Grab Executive. GMV growth for high-value mobility ride was impressive at 30% in 3Q24 vs overall mobility GMV growth of 24%. The GMV per ride on high-value mobility ride was 2.4x higher than that of standard, as highlighted by management. Its revenue margin also came in at 1.2x higher, fueling the profit growth of the mobility segment. While the adjusted EBITDA margin was marginally lower at 8.8% in 3Q24 vs 9% in 3Q23 due to rising Saver Mobility offerings, a sequential improvement has been seen vs 8.2% in 2Q24 as contribution from High-Value Mobility offerings increased.Luxury Ride with GrabExecutive (Grab)Deliveries – Accelerating growth driven by Savers Deliveries; Food x Mart Cross-selling to boost Frequency and RetentionGrowth in deliveries GMV has been accelerating from 14% in 2Q24 to 16% in 3Q24 on a constant currency basis. Similar to Mobility, Grab has a balanced approach in growing Saver and Priority Deliveries services. While Savers are more price sensitive, they are more active in re-ordering, with a frequency level nearly double that of non-Savers. Saver Deliveries also sets a lower bar to attract new customers using Grab’s services, boosting growth in Grab’s delivery services. Saver Deliveries took up 32% of total deliveries transactions in 3Q24, from 14% in 3Q23.Grab's Deliveries GMV growth (Grab)As highlighted by management, frequency is important for Deliveries business. And 1/3 of the deliveries today are coming from subscribers. To capture more subscribers, Grab scaled its GrabUnlimited in 3Q24 by launching long-term plans across the six core markets. Management revealed that a GrabUnlimited subscriber is spending 4x more and 3x higher in frequency, driving growth for Grab’s Deliveries. Moreover, Grab is also pushing hard to cross-sell between GrabFood and GrabMart to boost frequency. According to Management, order frequency for a user in both Food and Mart is 4.9x higher than a food-only user. More importantly, this also suggests higher stickiness to the platform, which, I think, is crucial for the success of Grab.GrabFood cross-sells with GrabMart (Grab)Deliveries’ adjusted EBITDA margin increased 0.2ppts YoY to 1.8% in 3Q24 on improved monetization of the Food business and increased contribution from advertising. While adverting revenue only accounted for 1.6% of Grab’s Deliveries GMV in 3Q24 vs 1.4% in 2Q24 and 1.1% in 3Q23, I believe Grab has taken a right step to enhance the profitability of its Deliveries business as advertising margins are high. Management is committed to achieve the long term adjusted EBITDA margin target of 4%+ for its Deliveries business, suggesting margins upside in the next couple of quarters.Grab's long-term adjusted EBITDA margin guidance (Grab)Financial services – Deal with BYD fuels the growth of the segmentGrab’s financial business has been growing robustly, with loan disbursal rising 38% YoY in 3Q24 to a record high of $567 million. Netting expected credit loss allowances, Grab’s loan portfolio jumped 81% YoY to $498 million. Unlike traditional banks targeting individuals with strong credit history, Grab’s leading business primarily serves the users and merchants on the platform. With the launch of digital banks (GXBank, GSX Bank and Superbank in Malaysia, Singapore and Indonesia respectively) since 2023, it has also started to focus on people who are underbanked or unbanked. Management estimates that 2/3 of the population in SE Asia are either unbanked or underbanked suggesting enormous growth potential.Grab's robust loan & deposit growth (Grab)While the financial services business segment is still loss-making, its adjustment EBITDA losses narrowed 27% YoY to $26 million in 3Q24 on rising revenue base and operating leverage. The rising bank deposits across the three digital banks, surpassing $1bn in 3Q24, also provides Grab with a low cost of funding.Loan growth momentum has been strong, but do we need to concern about non-performing loans (NPLs)? Management revealed that its 90-days NPLs were stable at 2% which is surprisingly low for a fintech lender. Global banks typically have NPL ratios around 1-2% while emerging market banks, fintech & alternative lenders could have NPL ratios of 3-7%. This reflects Grab’s strong ability in assessing its users’ or merchants’ credibility through their order and sales data on the platform.Deal with BYD fuels additional growth for Grab’s loan businessBYD (OTCPK:BYDDY) announced on 15 Jan 2025 that it entered into an EV supply partnership with Grab, supplying up to 50,000 BYD’s EV for Grab’s driver partners across SE Asia. According to the announcement, drivers will have the option of renting the EVs from Grab or opting for financing supporting through Grab’s car ownership scheme. While it didn’t specify who will provide the financing, it is very likely that Grab’s financial services unit will underwrite loans to drivers who would like to join the ownership scheme. To Grab, this generates additional loan interest income on top of the mobility revenue, demonstrating strong synergy between business segments.Grab and BYD partnership on 50,000 BYD EV Supply in SE Asia (BYD/Grab)BYD has agreed to supply vehicles at the most competitive rates. I have made a guesstimate by digging out the price range of the mentioned models including Denza D9, BYD Atto3, BYD Seal, and BYD M6. Assuming BYD will supply 50,000 vehicles, total value could be $2.1bn. While not some drivers would opt for renting from Grab, the potential size of car loan opportunity for Grab could still be over $400m if I conservatively assume 20% of the driver would opt for car ownership program. This is already comparable to Grab’s loan portfolio of $498m in 3Q24, suggesting significant room for loan growth.Loan growth potential from BYD partnership (Analyst's estimate)Grab’s MTUs have room for further upsideDespite being a leader in ride-hailing and food delivery in SE Asia, Grab’s MTUs as a percentage of total population in SE Asia was only 5 (41.9m users) in 3Q24. Management revealed on a results conference call that its annual transacting users (ATUs) was much higher at 15% (approx. 105m users). This suggests that many new users are just occasionally using Grab’s services instead of using it every month. I believe the new initiatives implemented by Grab’s management, such as Saver Ride-hailing, Food x Mart cross-selling, FlexiLoan and GrabPay, are all with the same goal to increase transaction frequency. This should drive tremendous upside to Grab’s MTUs/revenue as users ride up the frequency curve.Grab's ATUs is 3x higher than its MTUs (Grab)Incentives moving sideways with positive OP around the corner and Growing FCFGrab has been loss making at operating level since debuted on Nasdaq in 2021. This was mainly due to ample incentives offered to partners, like drivers and merchants, and consumers, to enhance stickiness. While Grab was still in red in 3Q24, the good news was that Grab’s operating losses have been narrowing with its increased scale and improved synergies.Grab's operating profit trend (Seeking Alpha)Absolute incentives came off from the peak of $583m in 4Q21 to a recent low of $381 million in 3Q23, but it has been rising slowly in the last couple of quarters, driven by new initiatives like affordability push, advanced booking and GrabExecutive. I don’t foresee a big decline in incentives in near term as management focuses a lot on topline and frequency growth, but it has stated clearly during the result conference call that a very balanced approach will be taken in growing the topline/frequency but also driving profitability at the same time.Grab's incentives is growing less than GMV (Grab)For a long-term investor, free cash flow (FCF) is an important matrix when evaluating a company. Grab had not been generating positive adjusted FCF (mobility + deliveries) until 4Q23, where $4 million was recorded. Adjusted FCF continued to improve thereafter, with $76 million in 9M24. Management is guided to achieve positive adjusted FCF for the full year 2024 likely suggesting another positive FCF in 4Q24.Grab's FCF (GAAP) trend (Grab)Valuation: DCF value of Mobility and Deliveries are already higher than current market capI am not an expert in valuing financials or banks. Therefore, the DCF below is purely based on Grab’s Mobility and Deliveries segment and DCF is obviously not an appropriate valuation method for banks and financials. Grab discloses adjusted FCF, a non-GAAP financial matrix that excludes the changes in working capital in relation to loans and deposits in digital banking business. Grab’s adjusted FCF has started picking up since 2Q24 on the back of improving profitability, especially the big earnings beat in 3Q24.Grab's adjusted FCF (Grab)I expect Grab continues to deliver a strong FCF in 4Q24E, taking full year adjusted FCF to $220m. Management has committed to deliver its first positive adjusted FCF since listed. As I believe Grab’s profitability will keep improving in 2025E, I assume Grab’s adjusted FCF to reach $552m ($138 x 4) based on the latest quarterly FCF in 3Q24. From 2026E onwards, I assume Grab’s adjusted FCF to grow 14% every year till 2034. I believe this growth assumption is on the conservative side as Grab’s revenue growth in 9M24 was approximately 19% YoY, and it should accelerate in 2025E. If margin expansion is taken into account, Grab’s adjusted FCF should be growing at >14% growth. In terms of discount rate, Alpha Spread suggests a WACC of 7.8% based on 13.7% cost of debt and 7.7% cost of equity. Considering the higher operational risks in Southeast Asia, such as currency risks, I conservatively use a slightly higher WACC of 10% to reflect the higher risks. With these assumptions, my DCF model suggests a fair value of $5.5/share for Grab or 15% upside from last closing. Bear in mind that this DCF value has not taken into account of the value of Grab’s financial services business, which creates strong synergies with the Mobility and Deliveries business, and it is currently growing rapidly. Therefore, I believe Grab is being undervalued by the market.Grab's DCF based on Mobility and Deliveries FCF (Grab & Analyst's estimates)Is Grab substantially more expensive than Uber?Many other analysts look at Price-to-Sales ratio for valuation comparison of Uber and Grab. It seems to be the only viable matrix given Grab is still loss-making at operating level. However, there is one big weakness of using Price-to-Sales on Uber and Grab, which is the lack of incentives disclosure in Uber where incentives are deducted directly from revenue. Hence, the claim of Grab trading at 7.1x vs 3.6x P/S TTM might be inaccurate. I think a slight tweak to use Price-to-GMV could be a fairer valuation matrix when making the comparison. The below table shows the calculated P/GMV ratio. While Grab is trading at a premium to Uber, the valuation premium is not as high as what has been suggested by P/S ratio. If you consider that SE Asia is an under-penetrated market, a lot more room for Grab to grow vs the matured market where Uber is operating, the slight valuation gab looks negligible.Grab vs Uber on P/GMV (Grab & Analyst estimate)Further multiple expansion is around the corner if Grab beats consensus againGrab is near the tipping point where its operating profit and full year FCF are about to turn positive. If Grab also manages to beat consensus estimate in 4Q24E (to be released on 21 Feb 2025), I would expect to see valuation multiple re-rating, taking Grab’s share price to a new high. Multiple expansion is always the strongest at inflection point.Downside Risks to my Strong Buy recommendationFaster-than-expected development in Robotaxi – While I don’t foresee Robotaxi or driverless taxi to pose an immediate threat to Grab due to the less developed road infrastructure in SE Asia, it could be a medium-term threat if Grab is not embracing the technology advancement in time. Uber is a very good example. With its large exposure in the US, Uber’s share price was under pressure in 4Q24 after Tesla announcing its plan in Robotaxi. After that Uber has announced several partnerships including Waymo, WeRide and Cruise to offer autonomous taxis.Rising competition in the region –Grab has a strong presence in SE Asia, but it doesn’t mean there is no competition. Competitors like Gojek and Bolt have their eyes on Grab’s market share. Malicious competition or price war could adversely impact the profitability of Grab.Weaker-than-expected economy – People using Grab for ride-hailing and deliveries are mainly the middle to high-income group. They might cut down spending on taxis and take public transport if they see their jobs at risk due to economic uncertainty.ConclusionGrab, as the Uber in SE Asia, is now at the pivotal moment with operating profit and FCF about to turn positive. I expect valuation multiple to expand when the market sees profits and FCF sustainability in Grab. My DCF model suggests Grab is currently being undervalued as Mobility and Deliveries, without considering the value of Financial Services business, are already worth $5.5/share vs last closing of $4.8. Strong Buy.","news_type":1,"symbols_score_info":{"GRAB":1.1}},"isVote":1,"tweetType":1,"viewCount":2812,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":399823117058720,"gmtCreate":1738638089443,"gmtModify":1738640163634,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"Trump has signed numerous EOs and brooded initiatives.&nbsp; Most of his initiatives are bold and game changing, though conventional eonomists may not agee. Status quo will bring USA to further decline.&nbsp; Academics are sleeping in their Ivory Towers.","listText":"Trump has signed numerous EOs and brooded initiatives.&nbsp; Most of his initiatives are bold and game changing, though conventional eonomists may not agee. Status quo will bring USA to further decline.&nbsp; Academics are sleeping in their Ivory Towers.","text":"Trump has signed numerous EOs and brooded initiatives. Most of his initiatives are bold and game changing, though conventional eonomists may not agee. Status quo will bring USA to further decline. Academics are sleeping in their Ivory Towers.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/399823117058720","repostId":"2508122140","repostType":2,"repost":{"id":"2508122140","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1738629000,"share":"https://ttm.financial/m/news/2508122140?lang=en_US&edition=fundamental","pubTime":"2025-02-04 08:30","market":"us","language":"en","title":"Trump Orders Creation of US Sovereign Wealth Fund, Says It Could Buy TikTok","url":"https://stock-news.laohu8.com/highlight/detail?id=2508122140","media":"Reuters","summary":"WASHINGTON, Feb 3 (Reuters) - U.S. President Donald Trump signed an executive order on Monday ordering the creation of a sovereign wealth fund within the next year, saying it could potentially buy the","content":"<html><head></head><body><p>WASHINGTON, Feb 3 (Reuters) - U.S. President Donald Trump signed an executive order on Monday ordering the creation of a sovereign wealth fund within the next year, saying it could potentially buy the short video app TikTok.</p><p>If created, the sovereign wealth fund could place the U.S. alongside numerous other countries, particularly in the Middle East and Asia, that have launched similar funds as a way to make direct investments with government dollars.</p><p>The text of the executive order was sparse on details, and simply directed the Treasury and Commerce Departments to submit a plan for such a fund within 90 days, including recommendations on &#34;funding mechanisms, investment strategies, fund structure, and a governance model.&#34;</p><p>Typically such funds rely on a country&#39;s budget surplus to make investments, but the U.S. operates at a deficit. Its creation also would likely require approval from Congress.</p><p>&#34;We&#39;re going to create a lot of wealth for the fund,&#34; Trump told reporters. &#34;And I think it&#39;s about time that this country had a sovereign wealth fund.&#34;</p><p>Trump had previously floated such a government investment vehicle as a presidential candidate, saying it could fund &#34;great national endeavors&#34; like infrastructure projects such as highways and airports, manufacturing, and medical research.</p><p>Administration officials did not say how the fund would operate or be financed, but Trump has previously said it could be funded by &#34;tariffs and other intelligent things.&#34;</p><p>Treasury Secretary Scott Bessent told reporters the fund would be set up within the next 12 months.</p><p>&#34;We&#39;re going to monetize the asset side of the U.S. balance sheet for the American people,&#34; Bessent said. &#34;There&#39;ll be a combination of liquid assets, assets that we have in this country as we work to bring them out for the American people.&#34;</p><p>One approach would be to convert the U.S. International Development Finance Corp (DFC) to function similar to a sovereign wealth fund, which the Trump administration reportedly considered in recent months, Bloomberg News reported. The DFC is a government agency that currently partners with private parties to finance projects in the developing world.</p><p>Trump announced Friday he was nominating Benjamin Black to head that development agency. Black, a managing partner at investment firm Fortinbras Enterprises, is the son of Leon Black, the co-founder of asset management firm Apollo Global Management.</p><p>The Biden administration also was considering establishing such a fund prior to Trump&#39;s election in November, according to The New York Times and Financial Times.</p><p>But precisely how such a fund would be structured, and funded, remained unclear. Several experts said Congress would likely need to authorize new funding given the lack of an existing surplus to tap. The order directed officials to review any need for legislation.</p><p>Clemence Landers, a former Treasury official who is now with the Center for Global Development, said there has been talk of repurposing the DFC but setting up such a fund would require Congress.</p><p>“Obviously you can&#39;t establish an institution by executive order and more to the point is you can&#39;t fund an institution by executive order,” she said.</p><p>Investors said the news came as a surprise.</p><p>&#34;Creating a sovereign wealth fund suggests that a country has savings that will go up and can be allocated to this,&#34; said Colin Graham, head of multi-asset strategies at Robeco in London. &#34;The economic rules of thumb don&#39;t add up.&#34;</p><p>There are over 90 such funds across the world managing over $8 trillion in assets, according to the International Forum of Sovereign Wealth Funds.</p><p>Numerous U.S. states, including Alaska, Texas and New Mexico also have their own wealth funds, which help fund various priorities, including education and tax relief. They frequently rely on revenue raised by natural resources, like oil or land.</p><p>In another surprise twist, Trump suggested the wealth fund could buy TikTok, whose fate has been up in the air since a law requiring its Chinese owner ByteDance to either sell it on national security grounds or face a ban took effect on Jan. 19.</p><p>Trump, after taking office on Jan. 20, signed an executive order seeking to delay by 75 days the enforcement of the law.</p><p>Trump has said that he was in talks with multiple people over TikTok&#39;s purchase and would likely have a decision on the app&#39;s future in February. The popular app has about 170 million American users.</p><p>&#34;We&#39;re going to be doing something, perhaps with TikTok, and perhaps not,&#34; Trump said. &#34;If we make the right deal, we&#39;ll do it. Otherwise, we won&#39;t...we might put that in the sovereign wealth fund.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump Orders Creation of US Sovereign Wealth Fund, Says It Could Buy TikTok</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump Orders Creation of US Sovereign Wealth Fund, Says It Could Buy TikTok\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-02-04 08:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>WASHINGTON, Feb 3 (Reuters) - U.S. President Donald Trump signed an executive order on Monday ordering the creation of a sovereign wealth fund within the next year, saying it could potentially buy the short video app TikTok.</p><p>If created, the sovereign wealth fund could place the U.S. alongside numerous other countries, particularly in the Middle East and Asia, that have launched similar funds as a way to make direct investments with government dollars.</p><p>The text of the executive order was sparse on details, and simply directed the Treasury and Commerce Departments to submit a plan for such a fund within 90 days, including recommendations on &#34;funding mechanisms, investment strategies, fund structure, and a governance model.&#34;</p><p>Typically such funds rely on a country&#39;s budget surplus to make investments, but the U.S. operates at a deficit. Its creation also would likely require approval from Congress.</p><p>&#34;We&#39;re going to create a lot of wealth for the fund,&#34; Trump told reporters. &#34;And I think it&#39;s about time that this country had a sovereign wealth fund.&#34;</p><p>Trump had previously floated such a government investment vehicle as a presidential candidate, saying it could fund &#34;great national endeavors&#34; like infrastructure projects such as highways and airports, manufacturing, and medical research.</p><p>Administration officials did not say how the fund would operate or be financed, but Trump has previously said it could be funded by &#34;tariffs and other intelligent things.&#34;</p><p>Treasury Secretary Scott Bessent told reporters the fund would be set up within the next 12 months.</p><p>&#34;We&#39;re going to monetize the asset side of the U.S. balance sheet for the American people,&#34; Bessent said. &#34;There&#39;ll be a combination of liquid assets, assets that we have in this country as we work to bring them out for the American people.&#34;</p><p>One approach would be to convert the U.S. International Development Finance Corp (DFC) to function similar to a sovereign wealth fund, which the Trump administration reportedly considered in recent months, Bloomberg News reported. The DFC is a government agency that currently partners with private parties to finance projects in the developing world.</p><p>Trump announced Friday he was nominating Benjamin Black to head that development agency. Black, a managing partner at investment firm Fortinbras Enterprises, is the son of Leon Black, the co-founder of asset management firm Apollo Global Management.</p><p>The Biden administration also was considering establishing such a fund prior to Trump&#39;s election in November, according to The New York Times and Financial Times.</p><p>But precisely how such a fund would be structured, and funded, remained unclear. Several experts said Congress would likely need to authorize new funding given the lack of an existing surplus to tap. The order directed officials to review any need for legislation.</p><p>Clemence Landers, a former Treasury official who is now with the Center for Global Development, said there has been talk of repurposing the DFC but setting up such a fund would require Congress.</p><p>“Obviously you can&#39;t establish an institution by executive order and more to the point is you can&#39;t fund an institution by executive order,” she said.</p><p>Investors said the news came as a surprise.</p><p>&#34;Creating a sovereign wealth fund suggests that a country has savings that will go up and can be allocated to this,&#34; said Colin Graham, head of multi-asset strategies at Robeco in London. &#34;The economic rules of thumb don&#39;t add up.&#34;</p><p>There are over 90 such funds across the world managing over $8 trillion in assets, according to the International Forum of Sovereign Wealth Funds.</p><p>Numerous U.S. states, including Alaska, Texas and New Mexico also have their own wealth funds, which help fund various priorities, including education and tax relief. They frequently rely on revenue raised by natural resources, like oil or land.</p><p>In another surprise twist, Trump suggested the wealth fund could buy TikTok, whose fate has been up in the air since a law requiring its Chinese owner ByteDance to either sell it on national security grounds or face a ban took effect on Jan. 19.</p><p>Trump, after taking office on Jan. 20, signed an executive order seeking to delay by 75 days the enforcement of the law.</p><p>Trump has said that he was in talks with multiple people over TikTok&#39;s purchase and would likely have a decision on the app&#39;s future in February. The popular app has about 170 million American users.</p><p>&#34;We&#39;re going to be doing something, perhaps with TikTok, and perhaps not,&#34; Trump said. &#34;If we make the right deal, we&#39;ll do it. Otherwise, we won&#39;t...we might put that in the sovereign wealth fund.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250203:nL1N3OU111:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2508122140","content_text":"WASHINGTON, Feb 3 (Reuters) - U.S. President Donald Trump signed an executive order on Monday ordering the creation of a sovereign wealth fund within the next year, saying it could potentially buy the short video app TikTok.If created, the sovereign wealth fund could place the U.S. alongside numerous other countries, particularly in the Middle East and Asia, that have launched similar funds as a way to make direct investments with government dollars.The text of the executive order was sparse on details, and simply directed the Treasury and Commerce Departments to submit a plan for such a fund within 90 days, including recommendations on \"funding mechanisms, investment strategies, fund structure, and a governance model.\"Typically such funds rely on a country's budget surplus to make investments, but the U.S. operates at a deficit. Its creation also would likely require approval from Congress.\"We're going to create a lot of wealth for the fund,\" Trump told reporters. \"And I think it's about time that this country had a sovereign wealth fund.\"Trump had previously floated such a government investment vehicle as a presidential candidate, saying it could fund \"great national endeavors\" like infrastructure projects such as highways and airports, manufacturing, and medical research.Administration officials did not say how the fund would operate or be financed, but Trump has previously said it could be funded by \"tariffs and other intelligent things.\"Treasury Secretary Scott Bessent told reporters the fund would be set up within the next 12 months.\"We're going to monetize the asset side of the U.S. balance sheet for the American people,\" Bessent said. \"There'll be a combination of liquid assets, assets that we have in this country as we work to bring them out for the American people.\"One approach would be to convert the U.S. International Development Finance Corp (DFC) to function similar to a sovereign wealth fund, which the Trump administration reportedly considered in recent months, Bloomberg News reported. The DFC is a government agency that currently partners with private parties to finance projects in the developing world.Trump announced Friday he was nominating Benjamin Black to head that development agency. Black, a managing partner at investment firm Fortinbras Enterprises, is the son of Leon Black, the co-founder of asset management firm Apollo Global Management.The Biden administration also was considering establishing such a fund prior to Trump's election in November, according to The New York Times and Financial Times.But precisely how such a fund would be structured, and funded, remained unclear. Several experts said Congress would likely need to authorize new funding given the lack of an existing surplus to tap. The order directed officials to review any need for legislation.Clemence Landers, a former Treasury official who is now with the Center for Global Development, said there has been talk of repurposing the DFC but setting up such a fund would require Congress.“Obviously you can't establish an institution by executive order and more to the point is you can't fund an institution by executive order,” she said.Investors said the news came as a surprise.\"Creating a sovereign wealth fund suggests that a country has savings that will go up and can be allocated to this,\" said Colin Graham, head of multi-asset strategies at Robeco in London. \"The economic rules of thumb don't add up.\"There are over 90 such funds across the world managing over $8 trillion in assets, according to the International Forum of Sovereign Wealth Funds.Numerous U.S. states, including Alaska, Texas and New Mexico also have their own wealth funds, which help fund various priorities, including education and tax relief. They frequently rely on revenue raised by natural resources, like oil or land.In another surprise twist, Trump suggested the wealth fund could buy TikTok, whose fate has been up in the air since a law requiring its Chinese owner ByteDance to either sell it on national security grounds or face a ban took effect on Jan. 19.Trump, after taking office on Jan. 20, signed an executive order seeking to delay by 75 days the enforcement of the law.Trump has said that he was in talks with multiple people over TikTok's purchase and would likely have a decision on the app's future in February. The popular app has about 170 million American users.\"We're going to be doing something, perhaps with TikTok, and perhaps not,\" Trump said. \"If we make the right deal, we'll do it. Otherwise, we won't...we might put that in the sovereign wealth fund.\"","news_type":1,"symbols_score_info":{".DJI":1.1,".SPX":1.1,".IXIC":1.1}},"isVote":1,"tweetType":1,"viewCount":2101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":397706075771088,"gmtCreate":1738121414698,"gmtModify":1738121419768,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"I only can give angbao; so I'm giving out Good Fortune and Prosperity to all! My CNY wish is modest; just to get back the&nbsp; angbao money I've given out through stock investments...","listText":"I only can give angbao; so I'm giving out Good Fortune and Prosperity to all! My CNY wish is modest; just to get back the&nbsp; angbao money I've given out through stock investments...","text":"I only can give angbao; so I'm giving out Good Fortune and Prosperity to all! My CNY wish is modest; just to get back the angbao money I've given out through stock investments...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/397706075771088","isVote":1,"tweetType":1,"viewCount":2520,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9985386717,"gmtCreate":1667315108639,"gmtModify":1676537896923,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"Gig economy may survive!","listText":"Gig economy may survive!","text":"Gig economy may survive!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9985386717","repostId":"1126431778","repostType":4,"repost":{"id":"1126431778","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1667309948,"share":"https://ttm.financial/m/news/1126431778?lang=en_US&edition=fundamental","pubTime":"2022-11-01 21:39","market":"us","language":"en","title":"Uber Shares Surge Nearly 16% in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1126431778","media":"Tiger Newspress","summary":"Uber Forecasts Operating Profit Above Estimates As Rideshare Recovers","content":"<html><head></head><body><p>Uber shares surge nearly 16% in morning trading.</p><p>Uber Technologies Inc on Tuesday forecast fourth-quarter operating profit above Wall Street estimates, betting on rising demand for its rides as customers resume spending more on travel and tight control on costs.<img src=\"https://static.tigerbbs.com/d7e7e6b7bb18dba4e6fd7ceb1f8e07c8\" tg-width=\"829\" tg-height=\"721\" referrerpolicy=\"no-referrer\"/></p><p>With cities reopening and travel booming, consumers are shifting their budgets to services, Chief Executive Dara Khosrowshahi said, compared to the two years of COVID-led lockdowns when they had limited spending to basic needs.</p><p>&#34;We&#39;ve seen these trends continue into the fourth quarter, with October tracking to be our best month ever for both mobility and total company gross bookings,&#34; he said as revenue in its rideshare segment rose 73% in the third quarter.</p><p>The ridehailing company, which had faced driver shortages during its recovery from pandemic losses, said active drivers are back to September 2019 levels as decades-high inflation push many to look for sources of additional income.</p><p>Uber, however, is also aiming to scale back hiring and reduce expenses to expand profitability amid macroeconomic uncertainties, with Khosrowshahi stressing the importance of &#34;not taking anything for granted&#34;.</p><p>The company forecast fourth-quarter adjusted EBITDA, a profitability metric keenly watched by investors, between $600 million and $630 million. Analysts were expecting $569.39 million, according to Refinitiv data.</p><p>Gross bookings, or the total dollar value from its services, is expected to grow between 23% and 27%, compared with a 26% rise in the quarter ended Sept. 30.</p><p>Revenue rose 72% to $8.34 billion in the third quarter, beating the analysts&#39; average estimate of $8.12 billion.</p><p>Adjusted EBITDA, a measure that excludes <a href=\"https://laohu8.com/S/AONE.U\">one</a>-time costs such as stock-based compensation, came in at $516 million, above the estimate of $461.5 million.</p><p>The food delivery business grew 24% compared to 37% in the prior quarter, indicating that consumers are holding back on ordering in food as cost of living rises.</p><p>Net loss attributable to the company was $1.21 billion, or 61 cents per share, compared to a loss of $2.42 billion, or $1.28 per share, a year earlier.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber Shares Surge Nearly 16% in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber Shares Surge Nearly 16% in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-11-01 21:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Uber shares surge nearly 16% in morning trading.</p><p>Uber Technologies Inc on Tuesday forecast fourth-quarter operating profit above Wall Street estimates, betting on rising demand for its rides as customers resume spending more on travel and tight control on costs.<img src=\"https://static.tigerbbs.com/d7e7e6b7bb18dba4e6fd7ceb1f8e07c8\" tg-width=\"829\" tg-height=\"721\" referrerpolicy=\"no-referrer\"/></p><p>With cities reopening and travel booming, consumers are shifting their budgets to services, Chief Executive Dara Khosrowshahi said, compared to the two years of COVID-led lockdowns when they had limited spending to basic needs.</p><p>&#34;We&#39;ve seen these trends continue into the fourth quarter, with October tracking to be our best month ever for both mobility and total company gross bookings,&#34; he said as revenue in its rideshare segment rose 73% in the third quarter.</p><p>The ridehailing company, which had faced driver shortages during its recovery from pandemic losses, said active drivers are back to September 2019 levels as decades-high inflation push many to look for sources of additional income.</p><p>Uber, however, is also aiming to scale back hiring and reduce expenses to expand profitability amid macroeconomic uncertainties, with Khosrowshahi stressing the importance of &#34;not taking anything for granted&#34;.</p><p>The company forecast fourth-quarter adjusted EBITDA, a profitability metric keenly watched by investors, between $600 million and $630 million. Analysts were expecting $569.39 million, according to Refinitiv data.</p><p>Gross bookings, or the total dollar value from its services, is expected to grow between 23% and 27%, compared with a 26% rise in the quarter ended Sept. 30.</p><p>Revenue rose 72% to $8.34 billion in the third quarter, beating the analysts&#39; average estimate of $8.12 billion.</p><p>Adjusted EBITDA, a measure that excludes <a href=\"https://laohu8.com/S/AONE.U\">one</a>-time costs such as stock-based compensation, came in at $516 million, above the estimate of $461.5 million.</p><p>The food delivery business grew 24% compared to 37% in the prior quarter, indicating that consumers are holding back on ordering in food as cost of living rises.</p><p>Net loss attributable to the company was $1.21 billion, or 61 cents per share, compared to a loss of $2.42 billion, or $1.28 per share, a year earlier.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126431778","content_text":"Uber shares surge nearly 16% in morning trading.Uber Technologies Inc on Tuesday forecast fourth-quarter operating profit above Wall Street estimates, betting on rising demand for its rides as customers resume spending more on travel and tight control on costs.With cities reopening and travel booming, consumers are shifting their budgets to services, Chief Executive Dara Khosrowshahi said, compared to the two years of COVID-led lockdowns when they had limited spending to basic needs.\"We've seen these trends continue into the fourth quarter, with October tracking to be our best month ever for both mobility and total company gross bookings,\" he said as revenue in its rideshare segment rose 73% in the third quarter.The ridehailing company, which had faced driver shortages during its recovery from pandemic losses, said active drivers are back to September 2019 levels as decades-high inflation push many to look for sources of additional income.Uber, however, is also aiming to scale back hiring and reduce expenses to expand profitability amid macroeconomic uncertainties, with Khosrowshahi stressing the importance of \"not taking anything for granted\".The company forecast fourth-quarter adjusted EBITDA, a profitability metric keenly watched by investors, between $600 million and $630 million. Analysts were expecting $569.39 million, according to Refinitiv data.Gross bookings, or the total dollar value from its services, is expected to grow between 23% and 27%, compared with a 26% rise in the quarter ended Sept. 30.Revenue rose 72% to $8.34 billion in the third quarter, beating the analysts' average estimate of $8.12 billion.Adjusted EBITDA, a measure that excludes one-time costs such as stock-based compensation, came in at $516 million, above the estimate of $461.5 million.The food delivery business grew 24% compared to 37% in the prior quarter, indicating that consumers are holding back on ordering in food as cost of living rises.Net loss attributable to the company was $1.21 billion, or 61 cents per share, compared to a loss of $2.42 billion, or $1.28 per share, a year earlier.","news_type":1,"symbols_score_info":{"UBER":0.9}},"isVote":1,"tweetType":1,"viewCount":2464,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9983737130,"gmtCreate":1666317623320,"gmtModify":1676537740007,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"Better than baccarat!","listText":"Better than baccarat!","text":"Better than baccarat!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9983737130","repostId":"1146548462","repostType":4,"repost":{"id":"1146548462","kind":"news","pubTimestamp":1666276669,"share":"https://ttm.financial/m/news/1146548462?lang=en_US&edition=fundamental","pubTime":"2022-10-20 22:37","market":"us","language":"en","title":"Wall Street Is Taking a \"YOLO\" Page Out of Retail’s Playbook","url":"https://stock-news.laohu8.com/highlight/detail?id=1146548462","media":"Bloomberg","summary":"‘You Only Live Once’ became the rallying cry of retail traders in certain Reddit forums making high-","content":"<div>\n<p>‘You Only Live Once’ became the rallying cry of retail traders in certain Reddit forums making high-risk bets in stock markets.Now, it might also be the inspiration for a growing group of professional...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-10-20/wall-street-is-taking-a-yolo-page-out-of-retail-s-playbook\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Is Taking a \"YOLO\" Page Out of Retail’s Playbook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Is Taking a \"YOLO\" Page Out of Retail’s Playbook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-20 22:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-10-20/wall-street-is-taking-a-yolo-page-out-of-retail-s-playbook><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>‘You Only Live Once’ became the rallying cry of retail traders in certain Reddit forums making high-risk bets in stock markets.Now, it might also be the inspiration for a growing group of professional...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-10-20/wall-street-is-taking-a-yolo-page-out-of-retail-s-playbook\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QQQ":"纳指100ETF","SPY":"标普500ETF"},"source_url":"https://www.bloomberg.com/news/articles/2022-10-20/wall-street-is-taking-a-yolo-page-out-of-retail-s-playbook","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146548462","content_text":"‘You Only Live Once’ became the rallying cry of retail traders in certain Reddit forums making high-risk bets in stock markets.Now, it might also be the inspiration for a growing group of professional investors who appear to be taking a page out of retail’s playbook with a controversial options strategy.That’s according to Nomura Securities International Inc. Strategist Charlie McElligott, who’s blaming a proliferation of professionals piling into options right before their expiry for exacerbating recent swings in markets.The strategy of trading options close to their expiry has become a popular strategy on forums such as WallStreetBets, with one person on the social media platform recently claiming to have lost a $100,000 inheritance after tradingone-day puts on the S&P 500.“YOLOing into 0 and 1 Days-Til-Expiration (DTE) options has now been ‘institutionalized’ by vol traders at many of the largest funds on the Street,” McElligott wrote in a note to clients. “It’s not about retail-alone playing this game anymore.”“We have seen witnessed some absolutely biblical usage of 0DTE and 1DTE options, and it’s acting like jet fuel being dumped on the already out of control ‘macro’ fire occurring into persistent ‘negative gamma’ momentum overshoot flows,” he added. “Using the certainty of dealer hedging flows that their orders create to then amplify and ‘juice’ the intended directional market move … before closing-out positions mere hours later by end of day.”He estimates that 0-1DTE options are making up a growing portion of the total options written on the S&P 500. Some days in September saw such options make up as much as 65% of the total.Source: NomuraBuying these one- or zero-days to expiration options can expose investors to big profits and losses as they’re typically more vulnerable to changes in the price of the underlying stock or index. That means the contracts can fluctuate wildly in value, even if they’re only held for a day or two.The “institutionalization” of these contracts is also making markets more vulnerable to big swings over all, according to McElligott. The amount of sensitivity in the options market to underlying stocks, indexes and exchange-traded fund — known asdeltain trader parlance — is now on a par with the depths of the Covid-19 crash in March 2020 and the so-called ‘Volmageddon’ of early 2018, he says.Source: Nomura“Most critically as it relates to the outrageous ranges and swings this past week in US equities and into the upcoming expiration, it is the staggering amount of (negative) front-delta into Friday’s [options expiry] that has then needed to be traded on the approach, which is then acting as further shadow-convexity in the market,” he says.","news_type":1,"symbols_score_info":{"QQQ":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":4566,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9913739836,"gmtCreate":1664069317625,"gmtModify":1676537385206,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"Sentiments ( nowadays called memes)for TSLA are strong. GOOG is always talking about shareholders return, aka BORING, and can never hope to go Mars!&nbsp;","listText":"Sentiments ( nowadays called memes)for TSLA are strong. GOOG is always talking about shareholders return, aka BORING, and can never hope to go Mars!&nbsp;","text":"Sentiments ( nowadays called memes)for TSLA are strong. GOOG is always talking about shareholders return, aka BORING, and can never hope to go Mars!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9913739836","repostId":"2269207122","repostType":2,"repost":{"id":"2269207122","kind":"news","pubTimestamp":1663895275,"share":"https://ttm.financial/m/news/2269207122?lang=en_US&edition=fundamental","pubTime":"2022-09-23 09:07","market":"us","language":"en","title":"Google Vs. Tesla: Which Stock Has A Better Forecast?","url":"https://stock-news.laohu8.com/highlight/detail?id=2269207122","media":"Seeking Alpha","summary":"SummaryMega-cap stocks are well-liked among investors. Both GOOG and TSLA belong to that group.Both ","content":"<html><head></head><body><h2>Summary</h2><ul><li>Mega-cap stocks are well-liked among investors. Both GOOG and TSLA belong to that group.</li><li>Both have done a stock split recently and both compete in the self-driving automobile space. How do they compare?</li><li>What about their valuations, recession resilience, balance sheet strength, and cash flow? Which company looks like the better choice at current prices?</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/812c50e2c662e1a9de13588ada8420bf\" tg-width=\"1080\" tg-height=\"608\" referrerpolicy=\"no-referrer\"/><span>gorodenkoff</span></p><h2>Article Thesis</h2><p>Mega-caps have been popular among investors, and rightfully so. They have offered compelling returns in the past and are highly liquid. Two of those are active in the emerging autonomous driving space: Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) via its Waymo subsidiary, and Tesla (NASDAQ:TSLA), via its Autopilot/FSD program. In this article, we&#39;ll look at the opportunities and risks of both companies to see which one is a more promising investment at current prices.</p><h2>How Did Tesla And Google Perform Following Their Recent Stock Splits?</h2><p>Both companies split their shares not too long ago, in a bid to bring down their share prices to a more &#34;normal&#34; level. Potential index inclusion in the Dow Jones, which is price-weighted, likely also played a role in their decisions to split their shares.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/caa75f6003a8a5d8ae349b6c8fe75231\" tg-width=\"1280\" tg-height=\"826\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><p>So far this year, both companies have seen their shares drop, with TSLA being down 12% while GOOG is down almost 30% in 2022. Alphabet split its shares in mid-July and has declined slightly since then, while Tesla split its shares in early August. Prior to that stock split, Tesla&#39;s shares experienced a run-up, but since then, they moved mostly sideways. From a near-term share price perspective, these stock splits were thus not successful, but buying purely due to a stock split isn&#39;t a great investment approach anyway.</p><h2>Competitors In The Self-Driving Automobile Realm</h2><p>The two companies aren&#39;t competitors with everything they do, as Alphabet is mostly an online advertising company, while Tesla primarily is a car manufacturer. Nevertheless, the two compete in a prominent, fast-growing, and potentially very promising (in an economic sense) area, which is self-driving automobile technology.</p><p>Alphabet has been active in this space for quite some time via its Waymo subsidiary. Tesla has ambitious goals in this space as well, which it pursues via its self-driving tech program Autopilot/FSD.</p><p>No one knows when the first automobile with Level 5 self-driving technology will be available, or which company will produce it. But it is pretty clear that there are some companies that are in strong positions today and that could be important contenders for that title.</p><p>The following image shows a list of companies that have been approved for testing their vehicles in California without a driver. Some of those companies are even allowed to deploy their tech in the state:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e6b26f22348c751bc1e1839280d47756\" tg-width=\"640\" tg-height=\"768\" referrerpolicy=\"no-referrer\"/><span>ca.gov</span></p><p>We see that Google&#39;s Waymo holds the permit in both groups, as do Nuro and GM&#39;s (GM) Cruise. It seems reasonable to me to assume that the companies with the most advantaged permits are the companies with the most advantaged tech. A couple of other companies are allowed to test their tech in vehicles without a driver, including WeRide and Zoox. Notably, Tesla is not among these companies. It holds a permit to test its technology in California, but only in vehicles with a driver. A total of 50 companies hold that permit according to the government website, thus we can say that holding this permit is &#34;nothing special&#34;. Many of Tesla&#39;s peers, including Mercedes-Benz (OTCPK:MBGYY) and NIO (NIO), hold the same permit.</p><p>From a regulatory viewpoint, Alphabet&#39;s offering in this space seems way more advantaged -- it stands out among the dozens of companies that are active in self-driving tech, while Tesla seems to be in the middle of the pack. The same holds true when we look at commercialization.</p><p>While Tesla demands money from buyers of its tech even though that is only in beta testing, it is not allowed to commercialize it in a robo-taxi way. Waymo, on the other hand, has deployed its self-driving taxis in several cities including San Francisco, where riders can book rides via Alphabet&#39;s apps.</p><p>Of course, there is no guarantee that Alphabet&#39;s lead will hold. It is possible that Tesla eventually manages to hit a home run with its tech. But to me, it does not look like this is the most likely scenario -- it seems more reasonable (to me) to assume that the current leaders with the most advantaged projects will continue to hold their leadership position in this space.</p><h2>Alphabet And Tesla Stock Key Metrics</h2><p>Both companies have seen their shares drop back this year, which means that their valuations have compressed. In other words, both stocks are cheaper today than they were at the beginning of the year, although that does not necessarily mean that they are cheap in absolute terms.</p><p>Looking at the earnings multiple for the current year, Alphabet seems quite inexpensive, while Tesla still trades at a premium valuation:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8c39d06b8d89aa8f183775878ff7fc9d\" tg-width=\"1280\" tg-height=\"892\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><p>Alphabet is trading at less than 20x forward net profit, for an earnings yield of 5%. Tesla is trading at around 3.5x that valuation, as its earnings yield is in the 1.5% range as its earnings multiple still is north of 70. Of course, one can argue that free cash flows are even more important than net profits. After all, dividends and buybacks are financed with (free) cash, and debt reduction, acquisitions, etc. also depend on a company&#39;s ability to throw off cash. In that regard, Alphabet looks even better relative to Tesla. Alphabet&#39;s free cash flows are relatively comparable to its net profits, as the trailing free cash flow yield is in the 5% range as well.</p><p>The same does not hold true for Tesla, as its free cash flow yield of not even 0.7% is just half as high as its earnings yield. The big discrepancy can be explained by the capital-intense nature of the automobile industry. Factories need to be built and retooled regularly, the companies in this space need large amounts of working capital for unfinished products, raw materials, and so on. That&#39;s why free cash generation generally is weak in the automobile space, thus this is not a Tesla-specific issue. Instead, Tesla is just performing in line with other automobile companies that have weak cash generation. Alphabet does not need to spend heavily on raw materials, factories, factory retooling, and so on. Its business model is much more shareholder-friendly as operations can be scaled up efficiently without large capital expenditure requirements -- letting users stream one more video on YouTube or see one more ad on Google does not require any meaningful cash outlays on Alphabet&#39;s side.</p><p>Not only does Alphabet look much cheaper than Tesla, but its way stronger free cash generation has also resulted in a way better balance sheet.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/674770fc1359e36cc518d1501437fa47\" tg-width=\"1280\" tg-height=\"892\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><p>Tesla has a $16 billion net cash position, which is quite solid. But that&#39;s less than 2% of Tesla&#39;s market capitalization. Meanwhile, GOOG has a net cash position of $112 billion, which is 7x as much as what Tesla has, and which is equal to more than 8% of Alphabet&#39;s market capitalization. Alphabet thus has much more financial firepower for shareholder returns, e.g. via buybacks, for acquisitions, and last but not least, its huge net cash position reduces risks considerably. In case we see a steep global economic downturn, Alphabet&#39;s more than $100 billion in net cash insulates the company very well from financial troubles, while Tesla would be more exposed -- not only is its cash &#34;safety net&#34; much smaller, but the automobile industry is also more cyclical and vulnerable to recessions relative to the software and communication services industries. In recent weeks we possibly got a glimpse of that, as delivery times for many of Tesla&#39;s models declined to just a couple of weeks -- that could be the result of increasing reluctance by consumers to spend heavily on a new vehicle in the current economic climate.</p><p>When we account for the net cash positions of both companies, Alphabet&#39;s undemanding valuation drops to an even lower level:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/52a566129c9826a9725931bb8bff600d\" tg-width=\"1280\" tg-height=\"826\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><p>At just 12x trailing EBITDA, Alphabet trades at a pretty undemanding valuation, especially when we account for its market leadership and healthy growth. Tesla is trading at 5x Alphabet&#39;s EV/EBITDA multiple. It has pretty strong growth as well, at least in the past (see the aforementioned backlog decline and vulnerability to an economic downturn). But with its way weaker cash generation, lower margins, intensifying competitive pressures, and weaker self-driving tech, the current valuation does not seem attractive. One can argue that Tesla would be very attractive at a 12x EBITDA multiple, but at 5x the valuation of Alphabet, Alphabet looks like a significantly more compelling choice to me.</p><h2>Is Alphabet Or Tesla The Better Long-Term Buy?</h2><p>Some Tesla bulls mainly are in it for Tesla&#39;s self-driving potential. I don&#39;t think Tesla is in a leadership position here, but it is of course possible that the company becomes more successful over time. In case it manages to solve true self-driving anywhere before anyone else, that would result in a lot of earnings potential. But betting on that is not my investment style, and Tesla wouldn&#39;t be my first choice even if I wanted to bet on any company solely for its autonomous driving tech.</p><p>The software/communication services industries offer great margins, strong free cash generation, and long-term growth potential. It also isn&#39;t very cyclical. All these things hold true for Alphabet, and the company is an absolute leader in its space. The automobile industry as a whole is significantly less attractive, due to weak margins, high capital intensity, and so on. These things hold true for Tesla as well, even though it&#39;s not a legacy automobile company. Tesla has a strong brand in the EV space, but competitive pressures are rising, and BYD (OTCPK:BYDDY) has overtaken it already in total EV sales (including plug-in hybrids). Due to these reasons, I believe that Alphabet is more suitable for a long-term investment. Since it is also way cheaper than Tesla while being one of just a few companies with self-driving cars deployed commercially, I favor it over Tesla.</p><p>This article is written by Jonathan Weber for reference only.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Google Vs. Tesla: Which Stock Has A Better Forecast?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoogle Vs. Tesla: Which Stock Has A Better Forecast?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-23 09:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4542480-google-vs-tesla-which-stock-better-forecast><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryMega-cap stocks are well-liked among investors. Both GOOG and TSLA belong to that group.Both have done a stock split recently and both compete in the self-driving automobile space. How do they ...</p>\n\n<a href=\"https://seekingalpha.com/article/4542480-google-vs-tesla-which-stock-better-forecast\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","TSLA":"特斯拉","GOOGL":"谷歌A"},"source_url":"https://seekingalpha.com/article/4542480-google-vs-tesla-which-stock-better-forecast","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2269207122","content_text":"SummaryMega-cap stocks are well-liked among investors. Both GOOG and TSLA belong to that group.Both have done a stock split recently and both compete in the self-driving automobile space. How do they compare?What about their valuations, recession resilience, balance sheet strength, and cash flow? Which company looks like the better choice at current prices?gorodenkoffArticle ThesisMega-caps have been popular among investors, and rightfully so. They have offered compelling returns in the past and are highly liquid. Two of those are active in the emerging autonomous driving space: Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) via its Waymo subsidiary, and Tesla (NASDAQ:TSLA), via its Autopilot/FSD program. In this article, we'll look at the opportunities and risks of both companies to see which one is a more promising investment at current prices.How Did Tesla And Google Perform Following Their Recent Stock Splits?Both companies split their shares not too long ago, in a bid to bring down their share prices to a more \"normal\" level. Potential index inclusion in the Dow Jones, which is price-weighted, likely also played a role in their decisions to split their shares.Data by YChartsSo far this year, both companies have seen their shares drop, with TSLA being down 12% while GOOG is down almost 30% in 2022. Alphabet split its shares in mid-July and has declined slightly since then, while Tesla split its shares in early August. Prior to that stock split, Tesla's shares experienced a run-up, but since then, they moved mostly sideways. From a near-term share price perspective, these stock splits were thus not successful, but buying purely due to a stock split isn't a great investment approach anyway.Competitors In The Self-Driving Automobile RealmThe two companies aren't competitors with everything they do, as Alphabet is mostly an online advertising company, while Tesla primarily is a car manufacturer. Nevertheless, the two compete in a prominent, fast-growing, and potentially very promising (in an economic sense) area, which is self-driving automobile technology.Alphabet has been active in this space for quite some time via its Waymo subsidiary. Tesla has ambitious goals in this space as well, which it pursues via its self-driving tech program Autopilot/FSD.No one knows when the first automobile with Level 5 self-driving technology will be available, or which company will produce it. But it is pretty clear that there are some companies that are in strong positions today and that could be important contenders for that title.The following image shows a list of companies that have been approved for testing their vehicles in California without a driver. Some of those companies are even allowed to deploy their tech in the state:ca.govWe see that Google's Waymo holds the permit in both groups, as do Nuro and GM's (GM) Cruise. It seems reasonable to me to assume that the companies with the most advantaged permits are the companies with the most advantaged tech. A couple of other companies are allowed to test their tech in vehicles without a driver, including WeRide and Zoox. Notably, Tesla is not among these companies. It holds a permit to test its technology in California, but only in vehicles with a driver. A total of 50 companies hold that permit according to the government website, thus we can say that holding this permit is \"nothing special\". Many of Tesla's peers, including Mercedes-Benz (OTCPK:MBGYY) and NIO (NIO), hold the same permit.From a regulatory viewpoint, Alphabet's offering in this space seems way more advantaged -- it stands out among the dozens of companies that are active in self-driving tech, while Tesla seems to be in the middle of the pack. The same holds true when we look at commercialization.While Tesla demands money from buyers of its tech even though that is only in beta testing, it is not allowed to commercialize it in a robo-taxi way. Waymo, on the other hand, has deployed its self-driving taxis in several cities including San Francisco, where riders can book rides via Alphabet's apps.Of course, there is no guarantee that Alphabet's lead will hold. It is possible that Tesla eventually manages to hit a home run with its tech. But to me, it does not look like this is the most likely scenario -- it seems more reasonable (to me) to assume that the current leaders with the most advantaged projects will continue to hold their leadership position in this space.Alphabet And Tesla Stock Key MetricsBoth companies have seen their shares drop back this year, which means that their valuations have compressed. In other words, both stocks are cheaper today than they were at the beginning of the year, although that does not necessarily mean that they are cheap in absolute terms.Looking at the earnings multiple for the current year, Alphabet seems quite inexpensive, while Tesla still trades at a premium valuation:Data by YChartsAlphabet is trading at less than 20x forward net profit, for an earnings yield of 5%. Tesla is trading at around 3.5x that valuation, as its earnings yield is in the 1.5% range as its earnings multiple still is north of 70. Of course, one can argue that free cash flows are even more important than net profits. After all, dividends and buybacks are financed with (free) cash, and debt reduction, acquisitions, etc. also depend on a company's ability to throw off cash. In that regard, Alphabet looks even better relative to Tesla. Alphabet's free cash flows are relatively comparable to its net profits, as the trailing free cash flow yield is in the 5% range as well.The same does not hold true for Tesla, as its free cash flow yield of not even 0.7% is just half as high as its earnings yield. The big discrepancy can be explained by the capital-intense nature of the automobile industry. Factories need to be built and retooled regularly, the companies in this space need large amounts of working capital for unfinished products, raw materials, and so on. That's why free cash generation generally is weak in the automobile space, thus this is not a Tesla-specific issue. Instead, Tesla is just performing in line with other automobile companies that have weak cash generation. Alphabet does not need to spend heavily on raw materials, factories, factory retooling, and so on. Its business model is much more shareholder-friendly as operations can be scaled up efficiently without large capital expenditure requirements -- letting users stream one more video on YouTube or see one more ad on Google does not require any meaningful cash outlays on Alphabet's side.Not only does Alphabet look much cheaper than Tesla, but its way stronger free cash generation has also resulted in a way better balance sheet.Data by YChartsTesla has a $16 billion net cash position, which is quite solid. But that's less than 2% of Tesla's market capitalization. Meanwhile, GOOG has a net cash position of $112 billion, which is 7x as much as what Tesla has, and which is equal to more than 8% of Alphabet's market capitalization. Alphabet thus has much more financial firepower for shareholder returns, e.g. via buybacks, for acquisitions, and last but not least, its huge net cash position reduces risks considerably. In case we see a steep global economic downturn, Alphabet's more than $100 billion in net cash insulates the company very well from financial troubles, while Tesla would be more exposed -- not only is its cash \"safety net\" much smaller, but the automobile industry is also more cyclical and vulnerable to recessions relative to the software and communication services industries. In recent weeks we possibly got a glimpse of that, as delivery times for many of Tesla's models declined to just a couple of weeks -- that could be the result of increasing reluctance by consumers to spend heavily on a new vehicle in the current economic climate.When we account for the net cash positions of both companies, Alphabet's undemanding valuation drops to an even lower level:Data by YChartsAt just 12x trailing EBITDA, Alphabet trades at a pretty undemanding valuation, especially when we account for its market leadership and healthy growth. Tesla is trading at 5x Alphabet's EV/EBITDA multiple. It has pretty strong growth as well, at least in the past (see the aforementioned backlog decline and vulnerability to an economic downturn). But with its way weaker cash generation, lower margins, intensifying competitive pressures, and weaker self-driving tech, the current valuation does not seem attractive. One can argue that Tesla would be very attractive at a 12x EBITDA multiple, but at 5x the valuation of Alphabet, Alphabet looks like a significantly more compelling choice to me.Is Alphabet Or Tesla The Better Long-Term Buy?Some Tesla bulls mainly are in it for Tesla's self-driving potential. I don't think Tesla is in a leadership position here, but it is of course possible that the company becomes more successful over time. In case it manages to solve true self-driving anywhere before anyone else, that would result in a lot of earnings potential. But betting on that is not my investment style, and Tesla wouldn't be my first choice even if I wanted to bet on any company solely for its autonomous driving tech.The software/communication services industries offer great margins, strong free cash generation, and long-term growth potential. It also isn't very cyclical. All these things hold true for Alphabet, and the company is an absolute leader in its space. The automobile industry as a whole is significantly less attractive, due to weak margins, high capital intensity, and so on. These things hold true for Tesla as well, even though it's not a legacy automobile company. Tesla has a strong brand in the EV space, but competitive pressures are rising, and BYD (OTCPK:BYDDY) has overtaken it already in total EV sales (including plug-in hybrids). Due to these reasons, I believe that Alphabet is more suitable for a long-term investment. Since it is also way cheaper than Tesla while being one of just a few companies with self-driving cars deployed commercially, I favor it over Tesla.This article is written by Jonathan Weber for reference only.","news_type":1,"symbols_score_info":{"GOOG":0.9,"TSLA":1,"GOOGL":0.9}},"isVote":1,"tweetType":1,"viewCount":2878,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9913793165,"gmtCreate":1664068416957,"gmtModify":1676537384929,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"Meta's&nbsp;going to be the next tech casualty?","listText":"Meta's&nbsp;going to be the next tech casualty?","text":"Meta's going to be the next tech casualty?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9913793165","repostId":"2269911339","repostType":2,"isVote":1,"tweetType":1,"viewCount":2828,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9913950462,"gmtCreate":1663898953357,"gmtModify":1676537359366,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"Wonder who's holding those put options? House or players? I feel like I'm a spectator at a casino table...","listText":"Wonder who's holding those put options? House or players? I feel like I'm a spectator at a casino table...","text":"Wonder who's holding those put options? House or players? I feel like I'm a spectator at a casino table...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9913950462","repostId":"1152785107","repostType":2,"repost":{"id":"1152785107","kind":"news","pubTimestamp":1663860360,"share":"https://ttm.financial/m/news/1152785107?lang=en_US&edition=fundamental","pubTime":"2022-09-22 23:26","market":"us","language":"en","title":"The SPY Game - Or How I Stopped Worrying And Learned To Look Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1152785107","media":"Seeking Alpha","summary":"SummaryWhile fear abounds, while the market dumps after the FOMC print and subsequent speech, while ","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>While fear abounds, while the market dumps after the FOMC print and subsequent speech, while everything you know seems wrong?  The market is holding up well over the June lows.</li><li>We believe SPY remains on course to make new all-time highs in the coming year or so.</li><li>Our evidence for this?  Basic pattern recognition coupled with a high-octane dose of cynicism.</li></ul><p><i>DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer</i> <i>to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Cestrian Capital Research, Inc., its employees, agents or affiliates, including the author of this note, or related persons, may have a position in any stocks, security, or financial instrument referenced in this note. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note&#39;s date of publication and are subject to change without notice. Companies referenced in this note or their employees or affiliates may be customers of Cestrian Capital Research, Inc. Cestrian Capital Research, Inc. values both its independence and transparency and does not believe that this presents a material potential conflict of interest or impacts the content of its research or publications.</i></p><p>It&#39;s Not Going To Zero. Really It Isn&#39;t.</p><p>As everyone knows the whole market is going to zero, fast, or if not zero then maybe 3000 on the S&amp;P and 10000 on the Nasdaq or whatever. The just desserts of an economy over-fattened by Fed helicopter money with a workforce that would rather buy-pumpkin-spice-latte-pay-later-when-mom-lends-me-the-money than get down to a hard day&#39;s work from dawn to dusk. The decadence of the end of empire. America the Great is Finished. Finished, I tell you!</p><p>This garbage is all over FinTwit right now and in truth it&#39;s not worth reading. The market will go up or it will go down but it has nothing to do with whether Chad makes his Klarna payment or not. It has to do with the institutional dynamic of moving money around in order to generate gains whether the weather be good or whether the weather be bad. And no more so than around key dates such as quarterly options expiry and FOMC prints.</p><p><b>Let&#39;s Talk About SPY</b></p><p>OK folks, let&#39;s just take a step back and zoom out onNYSEARCA:SPY. Using absolutely standard technical analysis pattern-recognition tools (we like the Elliott Wave / Fibonacci method, but, other methods also are available) we can say that in the larger degree, SPY has been carving out a 5-wave up cycle since its 2015 lows. Like this</p><p><img src=\"https://static.tigerbbs.com/ca80a46b6ff8f158873974f116b4ad7f\" tg-width=\"640\" tg-height=\"315\" referrerpolicy=\"no-referrer\"/></p><p>SPY Chart I(TrendSpider, Cestrian Analysis)</p><p>Wave 1 moves up from the 2015 lows to the 2019 high, adding around $158/share on the way up.</p><p>Wave 2 moves from the pre-Covid high to the crisis low, in a Yikes Cat type move as befits a Wave 2, troughs at the 0.786 retrace for a $122/share correction.</p><p>Then Wave 3, adding $283/share to peak a little above the 1.618 extension of Wave 1 (the share price movement in W1 multiplied by 1.618 and placed at the Wave 2 low), right at the end of 2021.</p><p>And along comes the will-it-ever-end Wave 4 selloff of 2022 which despite the apparent unrelented selling - just ask anyone on FinTwit, they&#39;ll tell you! - troughed in June at between the 0.5 and 0.618 retrace of that big Wave 3 high.</p><p>So now the standard Elliott Wave pattern tells us that SPY can make a new high in a final Wave 5 up, peaking sometime in 2023 most likely. A minimum target of $480 or better, enough to just peak above that Wave 3 high.</p><p>Yes, we&#39;re saying SPY can climb to never-before-conquered levels despite inflation and recession and 75bps and labor market and blah. Why? Because SPY has traded <i>so</i> well to this standard pattern for so long that we believe it more likely than not that it sees the pattern through to the end.</p><p>But don&#39;t take our word for it. Let&#39;s zoom in. As you know, if SPY has commenced its climb up from the June lows towards its final resting place in the sky, it ought to be showing wave progress in the smaller degree too.</p><p>And is it ever. Today&#39;s close was actually funny, so perfectly did the ETF kiss the 0.618 retraces of Wave 3 on the way up then the 0.786 retrace on the way down. But even after this dump the stock remains perfectly positioned to move up. This is the Wave 1 and Wave 2 in the smaller degree up off of the June lows. That is one picture-perfect Wave 2 low right there. We shall see what happens but to us that&#39;s thus far confirming evidence that SPY will be moving up.</p><p><img src=\"https://static.tigerbbs.com/65bfa539e75474ecde04800d17b63585\" tg-width=\"640\" tg-height=\"321\" referrerpolicy=\"no-referrer\"/></p><p>SPY Chart II(TrendSpider, Cestrian Analysis)</p><p><b>What The Fed Is Going On Then?</b></p><p>Today was a very strange day if you look closely. The index ETFs SPY and QQQ both did exactly the same thing - the two charts above are in essence carbon copies whether you look at the QQQ or the SPY. Up then down, to close down, at a level suggesting that the next big move is up. But still bright red on the day.</p><p>Whereas ostensibly more scary stocks like Cloudflare (NET), Palantir (PLTR), DataDog (DDOG) and so on - were ...<i>up</i>? Huh?</p><p>We may be able to shed some light on this. Now, we hate to come over all FinTwit once more and be shouting about <i>manipulation</i> and so forth. Because that&#39;s just naive. In the Great Online Game of traded securities, the game is in fact that all the other players are trying to take all your money off of you. That is Rule 1. The basic rule. The constitution upon which all other rules are founded. And further, while we don&#39;t doubt that there are some bad apples in the virtual Big Apple that&#39;s rather quaintly still referred to as The Street, most times Big Money is just doing its job which is, being good at taking money off of Chad and not letting Chad take money off of it, or at least not for very long.</p><p>You see in the index ETFs there&#39;s a hugely powerful force at work - not Jerome Powell, not Redditors, but the options market. The capital sloshing around in options way exceeds the capital in equities, and as a result it&#39;s to some degree true that options are the primary security class, equities the derivatives. As a simple illustration, here you can see how the major reversal points in SPY in recent years have coincided with major options expiry dates.</p><p><img src=\"https://static.tigerbbs.com/3f1de0c0082c1ca0ce7a2e248d7d64ef\" tg-width=\"640\" tg-height=\"320\" referrerpolicy=\"no-referrer\"/></p><p>S&amp;P Chart III(TrendSpider, Cestrian Analysis)</p><p>Options markets love FOMC days because the emotion - the volatility - is running high. And you have a wall of capital in SPY and QQQ puts and calls sat driving the ETF stocks around all day. It&#39;s no surprise on that basis that the closing price - the place where the option probability surface collapses to a singularity - hit a key technical level in both the SPY and the QQQ with such precision. Now, if you want to go deeper into the options-are-primary, stocks-are-derivatives rabbit hole - and it&#39;s a doozy - we suggest you take a look at our friends over at SpotGamma who are expert on the topic. For us, we&#39;ll just observe that the wall of option money pushing the ETFs around is not in place at scary high-beta names such as NET or PLTR and so on. So the market reaction today may look like genuine fear, but it isn&#39;t. Because if it was widespread genuine fear, all these high beta names would be getting dumped. And they&#39;re not.</p><p>So we say: SPY is setting up in a smaller degree 1,2 for a smaller degree 3 which will represent a material push up toward that new all time high. We think the next big move for SPY is, up, and we think the June low was the low for the Wave 4 just passed. You&#39;ll know soon enough if we&#39;re right or wrong. If right, SPY won&#39;t spend long at the $377 zip code but will instead move up and out; if wrong, SPY will plunge down through that $377 level to continue the larger-degree Wave 4 down. This will happen soon, either way.</p><p>For now we remain bullish on SPY and assign an Accumulate rating to the name.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The SPY Game - Or How I Stopped Worrying And Learned To Look Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe SPY Game - Or How I Stopped Worrying And Learned To Look Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-22 23:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4542378-spy-stop-worrying-learn-to-look-up><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryWhile fear abounds, while the market dumps after the FOMC print and subsequent speech, while everything you know seems wrong?  The market is holding up well over the June lows.We believe SPY ...</p>\n\n<a href=\"https://seekingalpha.com/article/4542378-spy-stop-worrying-learn-to-look-up\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF"},"source_url":"https://seekingalpha.com/article/4542378-spy-stop-worrying-learn-to-look-up","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152785107","content_text":"SummaryWhile fear abounds, while the market dumps after the FOMC print and subsequent speech, while everything you know seems wrong?  The market is holding up well over the June lows.We believe SPY remains on course to make new all-time highs in the coming year or so.Our evidence for this?  Basic pattern recognition coupled with a high-octane dose of cynicism.DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Cestrian Capital Research, Inc., its employees, agents or affiliates, including the author of this note, or related persons, may have a position in any stocks, security, or financial instrument referenced in this note. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note's date of publication and are subject to change without notice. Companies referenced in this note or their employees or affiliates may be customers of Cestrian Capital Research, Inc. Cestrian Capital Research, Inc. values both its independence and transparency and does not believe that this presents a material potential conflict of interest or impacts the content of its research or publications.It's Not Going To Zero. Really It Isn't.As everyone knows the whole market is going to zero, fast, or if not zero then maybe 3000 on the S&P and 10000 on the Nasdaq or whatever. The just desserts of an economy over-fattened by Fed helicopter money with a workforce that would rather buy-pumpkin-spice-latte-pay-later-when-mom-lends-me-the-money than get down to a hard day's work from dawn to dusk. The decadence of the end of empire. America the Great is Finished. Finished, I tell you!This garbage is all over FinTwit right now and in truth it's not worth reading. The market will go up or it will go down but it has nothing to do with whether Chad makes his Klarna payment or not. It has to do with the institutional dynamic of moving money around in order to generate gains whether the weather be good or whether the weather be bad. And no more so than around key dates such as quarterly options expiry and FOMC prints.Let's Talk About SPYOK folks, let's just take a step back and zoom out onNYSEARCA:SPY. Using absolutely standard technical analysis pattern-recognition tools (we like the Elliott Wave / Fibonacci method, but, other methods also are available) we can say that in the larger degree, SPY has been carving out a 5-wave up cycle since its 2015 lows. Like thisSPY Chart I(TrendSpider, Cestrian Analysis)Wave 1 moves up from the 2015 lows to the 2019 high, adding around $158/share on the way up.Wave 2 moves from the pre-Covid high to the crisis low, in a Yikes Cat type move as befits a Wave 2, troughs at the 0.786 retrace for a $122/share correction.Then Wave 3, adding $283/share to peak a little above the 1.618 extension of Wave 1 (the share price movement in W1 multiplied by 1.618 and placed at the Wave 2 low), right at the end of 2021.And along comes the will-it-ever-end Wave 4 selloff of 2022 which despite the apparent unrelented selling - just ask anyone on FinTwit, they'll tell you! - troughed in June at between the 0.5 and 0.618 retrace of that big Wave 3 high.So now the standard Elliott Wave pattern tells us that SPY can make a new high in a final Wave 5 up, peaking sometime in 2023 most likely. A minimum target of $480 or better, enough to just peak above that Wave 3 high.Yes, we're saying SPY can climb to never-before-conquered levels despite inflation and recession and 75bps and labor market and blah. Why? Because SPY has traded so well to this standard pattern for so long that we believe it more likely than not that it sees the pattern through to the end.But don't take our word for it. Let's zoom in. As you know, if SPY has commenced its climb up from the June lows towards its final resting place in the sky, it ought to be showing wave progress in the smaller degree too.And is it ever. Today's close was actually funny, so perfectly did the ETF kiss the 0.618 retraces of Wave 3 on the way up then the 0.786 retrace on the way down. But even after this dump the stock remains perfectly positioned to move up. This is the Wave 1 and Wave 2 in the smaller degree up off of the June lows. That is one picture-perfect Wave 2 low right there. We shall see what happens but to us that's thus far confirming evidence that SPY will be moving up.SPY Chart II(TrendSpider, Cestrian Analysis)What The Fed Is Going On Then?Today was a very strange day if you look closely. The index ETFs SPY and QQQ both did exactly the same thing - the two charts above are in essence carbon copies whether you look at the QQQ or the SPY. Up then down, to close down, at a level suggesting that the next big move is up. But still bright red on the day.Whereas ostensibly more scary stocks like Cloudflare (NET), Palantir (PLTR), DataDog (DDOG) and so on - were ...up? Huh?We may be able to shed some light on this. Now, we hate to come over all FinTwit once more and be shouting about manipulation and so forth. Because that's just naive. In the Great Online Game of traded securities, the game is in fact that all the other players are trying to take all your money off of you. That is Rule 1. The basic rule. The constitution upon which all other rules are founded. And further, while we don't doubt that there are some bad apples in the virtual Big Apple that's rather quaintly still referred to as The Street, most times Big Money is just doing its job which is, being good at taking money off of Chad and not letting Chad take money off of it, or at least not for very long.You see in the index ETFs there's a hugely powerful force at work - not Jerome Powell, not Redditors, but the options market. The capital sloshing around in options way exceeds the capital in equities, and as a result it's to some degree true that options are the primary security class, equities the derivatives. As a simple illustration, here you can see how the major reversal points in SPY in recent years have coincided with major options expiry dates.S&P Chart III(TrendSpider, Cestrian Analysis)Options markets love FOMC days because the emotion - the volatility - is running high. And you have a wall of capital in SPY and QQQ puts and calls sat driving the ETF stocks around all day. It's no surprise on that basis that the closing price - the place where the option probability surface collapses to a singularity - hit a key technical level in both the SPY and the QQQ with such precision. Now, if you want to go deeper into the options-are-primary, stocks-are-derivatives rabbit hole - and it's a doozy - we suggest you take a look at our friends over at SpotGamma who are expert on the topic. For us, we'll just observe that the wall of option money pushing the ETFs around is not in place at scary high-beta names such as NET or PLTR and so on. So the market reaction today may look like genuine fear, but it isn't. Because if it was widespread genuine fear, all these high beta names would be getting dumped. And they're not.So we say: SPY is setting up in a smaller degree 1,2 for a smaller degree 3 which will represent a material push up toward that new all time high. We think the next big move for SPY is, up, and we think the June low was the low for the Wave 4 just passed. You'll know soon enough if we're right or wrong. If right, SPY won't spend long at the $377 zip code but will instead move up and out; if wrong, SPY will plunge down through that $377 level to continue the larger-degree Wave 4 down. This will happen soon, either way.For now we remain bullish on SPY and assign an Accumulate rating to the name.","news_type":1,"symbols_score_info":{"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":2644,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9919147584,"gmtCreate":1663763574648,"gmtModify":1676537331428,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"Yeah, maidbots and sexbots are all I need now!","listText":"Yeah, maidbots and sexbots are all I need now!","text":"Yeah, maidbots and sexbots are all I need now!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9919147584","repostId":"1103536963","repostType":2,"repost":{"id":"1103536963","kind":"news","pubTimestamp":1663772760,"share":"https://ttm.financial/m/news/1103536963?lang=en_US&edition=fundamental","pubTime":"2022-09-21 23:06","market":"us","language":"en","title":"Tesla Stock: Join the Robotics Revolution with Elon Musk","url":"https://stock-news.laohu8.com/highlight/detail?id=1103536963","media":"TipRanks","summary":"Story HighlightsUnpredictable and irrepressible, you just never know what Elon Musk will do next. Lately, the Tesla CEO’s been teasing an AI-powered project that could boost the automaker’s production","content":"<div>\n<p>Story HighlightsUnpredictable and irrepressible, you just never know what Elon Musk will do next. Lately, the Tesla CEO’s been teasing an AI-powered project that could boost the automaker’s production...</p>\n\n<a href=\"https://www.tipranks.com/news/article/tesla-stock-nasdaqtsla-join-the-robotics-revolution-with-elon-musk\">Source Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Stock: Join the Robotics Revolution with Elon Musk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Stock: Join the Robotics Revolution with Elon Musk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-21 23:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/tesla-stock-nasdaqtsla-join-the-robotics-revolution-with-elon-musk><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsUnpredictable and irrepressible, you just never know what Elon Musk will do next. Lately, the Tesla CEO’s been teasing an AI-powered project that could boost the automaker’s production...</p>\n\n<a href=\"https://www.tipranks.com/news/article/tesla-stock-nasdaqtsla-join-the-robotics-revolution-with-elon-musk\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.tipranks.com/news/article/tesla-stock-nasdaqtsla-join-the-robotics-revolution-with-elon-musk","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103536963","content_text":"Story HighlightsUnpredictable and irrepressible, you just never know what Elon Musk will do next. Lately, the Tesla CEO’s been teasing an AI-powered project that could boost the automaker’s production capacity, while also addressing the nation’s acute labor shortage.Apparently, Tesla (NASDAQ:TSLA) CEO Elon Musk wasn’t always eager to put robots on the production floor. However, it seems that Musk is now ready to accept and even embrace the automation revolution. He’s even getting ready to unveil a robotics project with implications far beyond car manufacturing. It’s a risky proposition, to be sure, yet I am bullish on Tesla stock nonetheless.Electric vehicle (EV) manufacturer Tesla is known for its controversy-courting chief executive as much as its sleek, powerful cars and trucks. Musk pioneered, or at least popularized, the vehicle electrification movement in America.Now, however, he’s preparing to expand into a new but related business venture. Consequently, Tesla stock investors will need to be on board with Musk’s evolving vision of what EV production should look like – and who (or more accurately, what) will make the clean energy vehicles of today and tomorrow.Tesla’s Investors Should Mark Their Calendars for September 30Get ready, Tesla shareholders, as September 30 will be a day to remember. No, it’s not an earnings report or even a new vehicle release. It could actually be more impactful than any recent Tesla event, as “AI Day” just might unveil the future trajectory of the company, and of automation technology in general.On that day, Tesla plans to reveal a prototype from the company’s project known as Optimus (presumably, a reference to the Transformers film series). Optimus is designed to be a labor-saving robot with applications in Tesla’s production factories, but also potentially in people’s homes someday.In typical fashion, Musk teased the development of Optimus with a tweet, writing that Tesla’s “Autopilot/AI team” is working on the robotics project. This tweet, which hinted at an end-of-the-month deadline, garnered thousands of likes and hundreds of retweets. Moreover, Musk has been reported as stating that Optimus production could commence next year.This represents a U-turn in Musk’s sentiment toward robotics, it seems. It was only four years ago that he blamed reliance on factory robots for sending Tesla to “production hell” four years ago. At the time, Musk declared that humans were better than robots at certain jobs.That’s certainly true, but today the Tesla CEO is willing to give automatons a chance to prove their value and is even championing robotics as a future-facing technology. Last year’s AI Day featured a dancer in a robot costume and Musk discussing autonomous-driving technology. Hopefully, this year’s event will offer not only spectacles to attract press attention but also a deeper insight into Musk’s vision for Optimus inside and outside of Tesla’s giga-factories.Optimus Robots Could Help to Address the Labor ShortageIt’s no secret that in America and elsewhere, businesses are having trouble filling essential job positions. Automakers certainly are no exception, and Musk is priming Optimus to be a solution for Tesla’s talent acquisition woes, while also proposing that robots could help solve problems faced by businesses throughout the economy.At the very least, robots will be cheaper than humans – or at least, that’s what Musk contends. Conceivably, using robots instead of human labor could lower the cost of a Tesla – any other car, or a variety of other products, for that matter – down 30% or even 50%.This idea won’t endear Musk to some human autoworkers, but it’s not unimaginable that Tesla and other businesses could accrue cost savings through the use of robots, while also addressing America’s acute labor shortage. Musk even posited that the deployment of robots such as Optimus could “turn the whole notion of what’s an economy on its head, at the point at which you have no shortage of labor.”The Tesla CEO continued, “Economy is GDP per capita. If you do not have a capital constraint, then the economy just can be arbitrarily huge.” This line of reasoning might or might not stand up to the scrutiny of math-minded economists, but there’s no denying that Musk’s enthusiasm is infectious.Plus, here’s a bombshell: Musk proposed that Optimus “will be more valuable than the car in the long term.” Imagine that: Tesla eventually evolving from an EV manufacturer to, primarily, a robot maker.While you’re at it, also try to imagine Optimus robots venturing outside of Tesla’s factories, and making your dinner or mowing your lawn. Musk imagines that Optimus will someday do all of those things and more, including caring for elderly people or even becoming a “buddy” to someone needing a friend.What is the Price Target of Tesla Stock?Turning to Wall Street, TSLA has a Moderate Buy consensus rating based on 19 Buys, six Holds, and five Sells assigned in the past three months. The averageTesla price target is $310.29, implying a 1.2% upside potential.Conclusion: Should You Consider Tesla Stock?If you’re considering buying or even just holding Tesla stock, you’d better be on board with Musk’s vision for the future of his company. It sounds like he’s prepared to gradually but relentlessly morph Tesla into a robots-first, cars-second type of business.Not everyone is on board with this – but then, Musk’s conception of EVs on America’s roadways probably sounded far-fetched 20 years ago. So, the billion-dollar question is: Are you ready to run with the robots and join a high-conviction but controversial revolution?Musk changed the course of history once already, and there’s a decent chance he might do it again with Optimus – and perhaps, the humans who invested early in Tesla stock can get rich while the robots do all of the work.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9910438126,"gmtCreate":1663659726166,"gmtModify":1676537310472,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"They are Free to Fire..","listText":"They are Free to Fire..","text":"They are Free to Fire..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9910438126","repostId":"1119719574","repostType":2,"repost":{"id":"1119719574","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1663574480,"share":"https://ttm.financial/m/news/1119719574?lang=en_US&edition=fundamental","pubTime":"2022-09-19 16:01","market":"us","language":"en","title":"Sea Shares Dropped 1% in Premarket Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1119719574","media":"Tiger Newspress","summary":"Sea shares dropped 1% in premarket trading as the company was reported to fire 3% of Shopee Indonesi","content":"<html><head></head><body><p>Sea shares dropped 1% in premarket trading as the company was reported to fire 3% of Shopee Indonesia staff as layoffs start.</p><p><img src=\"https://static.tigerbbs.com/2a96b05f991c02aeca5d2f698edf75b1\" tg-width=\"807\" tg-height=\"620\" width=\"100%\" height=\"auto\"/></p><p>Sea Ltd. is preparing to fire 3% of Shopee employees in Indonesia, part of a broader wave of regional job cuts intended to curb ballooning losses and win back investors.</p><p>The Singapore-based company will begin notifying affected staff Monday at its cash-burning e-commerce arm, according to an internal memo seen by Bloomberg News. The 3% cut in Indonesia aligns with layoffs of a low-single-digit percentage across the division, a person familiar with the matter said, asking to remain anonymous discussing internal actions.</p><p>Shopee is one of Sea’s two major businesses, alongside a gaming arm that popularized the mobile hit “Free Fire.” The company ended 2021 with more than 67,000 people overall. Management announced the impending layoffs during a town hall on Monday for affected teams, which included Shopee’s marketing as well as operations units.</p><p>“These changes are part of our ongoing efforts to optimise operating efficiency with the goal of achieving self-sufficiency across our business,” Shopee said in an e-mailed statement, without elaborating. The company intends to offer severance packages and assistance as needed, according to the memo.</p><p>Sea has lost about $170 billion of market value since an October high on questions about its money-making prospects in an era of rising interest rates and intensifying competition from Alibaba Group Holding Ltd. in its Asian stronghold.</p><p><img src=\"https://static.tigerbbs.com/f4b2b49464bab16ee2a6e28e296a562d\" tg-width=\"840\" tg-height=\"543\" referrerpolicy=\"no-referrer\"/></p><p>Last week, billionaire co-founder Forrest Li announced in an internal memo top management will forgo their salaries and tighten company expense policies, as the company, which counts Tencent Holdings Ltd. as its biggest investor, tries to shield itself from the economic slowdown.</p><p>Sea’s Shopee division, in particular, has pulled back from major markets in Europe and Latin America, in addition to getting banned from India because of rising tensions with Chinese companies. Southeast Asia’s largest tech firm is planning to reduce headcount in gaming -- its most profitable division -- and new ventures at its research and development arm, Bloomberg News has reported.</p><p>“This was a very difficult decision to make,” management said in the memo. “In general terms, we will offer a fair package for employees who part with us and provide assistance where needed.”</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Shares Dropped 1% in Premarket Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Shares Dropped 1% in Premarket Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-09-19 16:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Sea shares dropped 1% in premarket trading as the company was reported to fire 3% of Shopee Indonesia staff as layoffs start.</p><p><img src=\"https://static.tigerbbs.com/2a96b05f991c02aeca5d2f698edf75b1\" tg-width=\"807\" tg-height=\"620\" width=\"100%\" height=\"auto\"/></p><p>Sea Ltd. is preparing to fire 3% of Shopee employees in Indonesia, part of a broader wave of regional job cuts intended to curb ballooning losses and win back investors.</p><p>The Singapore-based company will begin notifying affected staff Monday at its cash-burning e-commerce arm, according to an internal memo seen by Bloomberg News. The 3% cut in Indonesia aligns with layoffs of a low-single-digit percentage across the division, a person familiar with the matter said, asking to remain anonymous discussing internal actions.</p><p>Shopee is one of Sea’s two major businesses, alongside a gaming arm that popularized the mobile hit “Free Fire.” The company ended 2021 with more than 67,000 people overall. Management announced the impending layoffs during a town hall on Monday for affected teams, which included Shopee’s marketing as well as operations units.</p><p>“These changes are part of our ongoing efforts to optimise operating efficiency with the goal of achieving self-sufficiency across our business,” Shopee said in an e-mailed statement, without elaborating. The company intends to offer severance packages and assistance as needed, according to the memo.</p><p>Sea has lost about $170 billion of market value since an October high on questions about its money-making prospects in an era of rising interest rates and intensifying competition from Alibaba Group Holding Ltd. in its Asian stronghold.</p><p><img src=\"https://static.tigerbbs.com/f4b2b49464bab16ee2a6e28e296a562d\" tg-width=\"840\" tg-height=\"543\" referrerpolicy=\"no-referrer\"/></p><p>Last week, billionaire co-founder Forrest Li announced in an internal memo top management will forgo their salaries and tighten company expense policies, as the company, which counts Tencent Holdings Ltd. as its biggest investor, tries to shield itself from the economic slowdown.</p><p>Sea’s Shopee division, in particular, has pulled back from major markets in Europe and Latin America, in addition to getting banned from India because of rising tensions with Chinese companies. Southeast Asia’s largest tech firm is planning to reduce headcount in gaming -- its most profitable division -- and new ventures at its research and development arm, Bloomberg News has reported.</p><p>“This was a very difficult decision to make,” management said in the memo. “In general terms, we will offer a fair package for employees who part with us and provide assistance where needed.”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119719574","content_text":"Sea shares dropped 1% in premarket trading as the company was reported to fire 3% of Shopee Indonesia staff as layoffs start.Sea Ltd. is preparing to fire 3% of Shopee employees in Indonesia, part of a broader wave of regional job cuts intended to curb ballooning losses and win back investors.The Singapore-based company will begin notifying affected staff Monday at its cash-burning e-commerce arm, according to an internal memo seen by Bloomberg News. The 3% cut in Indonesia aligns with layoffs of a low-single-digit percentage across the division, a person familiar with the matter said, asking to remain anonymous discussing internal actions.Shopee is one of Sea’s two major businesses, alongside a gaming arm that popularized the mobile hit “Free Fire.” The company ended 2021 with more than 67,000 people overall. Management announced the impending layoffs during a town hall on Monday for affected teams, which included Shopee’s marketing as well as operations units.“These changes are part of our ongoing efforts to optimise operating efficiency with the goal of achieving self-sufficiency across our business,” Shopee said in an e-mailed statement, without elaborating. The company intends to offer severance packages and assistance as needed, according to the memo.Sea has lost about $170 billion of market value since an October high on questions about its money-making prospects in an era of rising interest rates and intensifying competition from Alibaba Group Holding Ltd. in its Asian stronghold.Last week, billionaire co-founder Forrest Li announced in an internal memo top management will forgo their salaries and tighten company expense policies, as the company, which counts Tencent Holdings Ltd. as its biggest investor, tries to shield itself from the economic slowdown.Sea’s Shopee division, in particular, has pulled back from major markets in Europe and Latin America, in addition to getting banned from India because of rising tensions with Chinese companies. Southeast Asia’s largest tech firm is planning to reduce headcount in gaming -- its most profitable division -- and new ventures at its research and development arm, Bloomberg News has reported.“This was a very difficult decision to make,” management said in the memo. “In general terms, we will offer a fair package for employees who part with us and provide assistance where needed.”","news_type":1,"symbols_score_info":{"SE":0.9}},"isVote":1,"tweetType":1,"viewCount":1968,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9937168493,"gmtCreate":1663380520912,"gmtModify":1676537262436,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"TRiple wynching is a WitchHer potion adds another&nbsp;100% to market volatility&nbsp;Bet she will fly in on her broomstick on a stormy night","listText":"TRiple wynching is a WitchHer potion adds another&nbsp;100% to market volatility&nbsp;Bet she will fly in on her broomstick on a stormy night","text":"TRiple wynching is a WitchHer potion adds another 100% to market volatility Bet she will fly in on her broomstick on a stormy night","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9937168493","repostId":"1105151472","repostType":4,"repost":{"id":"1105151472","kind":"news","pubTimestamp":1663321360,"share":"https://ttm.financial/m/news/1105151472?lang=en_US&edition=fundamental","pubTime":"2022-09-16 17:42","market":"us","language":"en","title":"A $3.2 Trillion Option Expiration Seen Worsening Post-CPI Rout","url":"https://stock-news.laohu8.com/highlight/detail?id=1105151472","media":"Bloomberg","summary":"Market makers seen selling equities to hedge their positionsDealer ‘gamma’ flipped to short post inf","content":"<div>\n<p>Market makers seen selling equities to hedge their positionsDealer ‘gamma’ flipped to short post inflation data: SpotGammaAnother wrinkle in a chaotic stock market where everything from the frenetic ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-09-14/a-3-2-trillion-option-expiry-seen-worsening-post-cpi-stock-rout\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>A $3.2 Trillion Option Expiration Seen Worsening Post-CPI Rout</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA $3.2 Trillion Option Expiration Seen Worsening Post-CPI Rout\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-16 17:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-09-14/a-3-2-trillion-option-expiry-seen-worsening-post-cpi-stock-rout><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Market makers seen selling equities to hedge their positionsDealer ‘gamma’ flipped to short post inflation data: SpotGammaAnother wrinkle in a chaotic stock market where everything from the frenetic ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-09-14/a-3-2-trillion-option-expiry-seen-worsening-post-cpi-stock-rout\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-09-14/a-3-2-trillion-option-expiry-seen-worsening-post-cpi-stock-rout","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105151472","content_text":"Market makers seen selling equities to hedge their positionsDealer ‘gamma’ flipped to short post inflation data: SpotGammaAnother wrinkle in a chaotic stock market where everything from the frenetic activity of quant traders to an ever-hawkish Federal Reserve is making investing harder than usual: A looming $3.2 trillion options expiry played a notable role in the Tuesday selloff.As a hotter-than-expected inflation reading rocked Wall Street, a slew of bearish options that had become worthless during last week’s rally jumped back in the money, forcing market makers to sell underlying stocks to hedge their positions.With those put contracts expiring Friday, the activity of dealers turned more sensitive to the movement in the cash market. After the S&P 500 fell below 4,000 -- an area that harbors one of the highest open interest to roll out -- selling intensified, according to Steve Sosnick, chief strategist at Interactive Brokers LLC.“Once we broke through there, all hell broke loose,” Sosnick said on Bloomberg TV. “I have not been one of those to make too much hay about these expirations but lately they really have become significant.”It’s the latest example of a controversial narrative that suggests that stocks effectively become a derivative of its own derivative -- one that upends the traditional relationship between options and their underlying assets.The interplay between the equity and options markets can be complex. To illustrate the dynamics, Brent Kochuba, founder of analytic service SpotGamma, calculated thegamma, or the theoretical value of stock required for market makers to buy or sell in order to hedge the directional exposure resulting from all price fluctuations in options.At 8 a.m. Tuesday, dealer gamma was flat, according to SpotGamma’s estimate, meaning they didn’t need to do much hedging. After the data on August’s consumer price index hit the wire at 8:30 a.m., S&P 500 futures tumbled almost 3% in a matter of minutes. Instantly, dealer positioning flipped to a dynamic known as short gamma, meaning market makers had to trade with the prevailing trend -- in this case selling stocks when they fall.“Because these are short dated puts, their value changes much more rapidly,” said Kochuba. “Gamma is higher as you get closer to expiration. This leads to more active hedging, which expands volatility.”The dynamic was a reversal from the previous week when an equity rally into this upcoming options expiration led to a decay in the value of put positions. That in turned prompted dealers to purchase stocks, adding fuel to market gains.Source: Goldman SachsIt’s unclear if the event known as OpEx will fuel fresh fireworks on Friday this time round. About $3.2 trillion of options are set to expire, obliging holders to either roll over existing positions or start new ones. The tally includes more than $2 billion of S&P 500-linked contracts and $505 billion of derivatives across single stocks scheduled to run out, according to estimates by Goldman Sachs Group Inc. strategist Rocky Fishman.The good news is that there was little sense of panic during the S&P 500’s $1.5 trillion rout on Tuesday, according to Amy Wu Silverman, an equity derivatives strategist at RBC Capital Markets. Stock tradingvolumewas subdued, and the analyst didn’t see many new positions initiated in the derivatives market. That means, hedging activity from options dealers is likely to subside accordingly after Friday’s event.“It’s definitely safe to blame options for some of the exacerbation of moves,” she said. “But it’s not really like this move freaked people out and made them add hedges.”","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1923,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9935742775,"gmtCreate":1663148003697,"gmtModify":1676537214437,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"Bunit Timah will become affordable when sea level rise...","listText":"Bunit Timah will become affordable when sea level rise...","text":"Bunit Timah will become affordable when sea level rise...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9935742775","repostId":"1146787933","repostType":2,"isVote":1,"tweetType":1,"viewCount":1598,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9932428909,"gmtCreate":1662981310901,"gmtModify":1676537175323,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"I'm not kidding! Sell all your assets and load up on these 2 stocks, Warren Buffet style...","listText":"I'm not kidding! Sell all your assets and load up on these 2 stocks, Warren Buffet style...","text":"I'm not kidding! Sell all your assets and load up on these 2 stocks, Warren Buffet style...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9932428909","repostId":"1169819409","repostType":2,"isVote":1,"tweetType":1,"viewCount":1628,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9932414035,"gmtCreate":1662975365927,"gmtModify":1676537174496,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"There's no mention of profitability projections, only more and more diverse and increased spendings in new pies, is this sustainable??","listText":"There's no mention of profitability projections, only more and more diverse and increased spendings in new pies, is this sustainable??","text":"There's no mention of profitability projections, only more and more diverse and increased spendings in new pies, is this sustainable??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9932414035","repostId":"1112992422","repostType":2,"repost":{"id":"1112992422","kind":"news","pubTimestamp":1662948191,"share":"https://ttm.financial/m/news/1112992422?lang=en_US&edition=fundamental","pubTime":"2022-09-12 10:03","market":"us","language":"en","title":"Grab’s Share Price Has Tumbled 70% Since its IPO: Is it Poised for a Rebound?","url":"https://stock-news.laohu8.com/highlight/detail?id=1112992422","media":"The Smart Investor","summary":"It’s been a rough time for growth stocks this past year, and Grab Holdings (NASDAQ: GRAB) has not es","content":"<html><head></head><body><p>It’s been a rough time for growth stocks this past year, and Grab Holdings (NASDAQ: GRAB) has not escaped the carnage.</p><p>The high-profile ride-hailing cum food delivery company’s share price has skidded nearly 70% since it went public via a combination with a special purpose acquisition company (SPAC) in early December last year.</p><p>Grab’s super app offers a variety of services but the company continues to struggle to turn a profit.</p><p>The digital services company released its 2022’s second quarter (2Q2022) earnings recently and disclosed that it was also going into advertising (GrabAds) and mapping and location-based services (GrabMaps).</p><p>Blue-chip telco Singtel (SGX: Z74) has also partnered with Grab to launch a digital bank, GXS Bank, after clinching the Singapore digital full bank licence in December 2020.</p><p>With so much going on, could shares of the company be poised for a rebound?</p><p><b>A mixed set of financials</b></p><p>2Q2022 saw Grab’s revenue surge 79% year on year to US$321 million as the company enjoyed broad-based revenue growth across all its divisions.</p><p>Its Deliveries segment saw revenue soar nearly three-fold year on year from US$45 million to US$134 million due to contributions from Jaya Grocer, a mass-premium supermarket chain in Malaysia, that Grab acquired a majority stake in January this year.</p><p>For its Mobility division, revenue rose 37% year on year to US$161 million in line with a surge in domestic and international travel and easing restrictions for offices and leisure commutes.</p><p>Together, both divisions make up close to 92% of Grab’s total revenue.</p><p>However, Grab continued to report losses for the quarter, though the loss had reduced by 29% year on year from US$801 million to US$572 million.</p><p>It didn’t help that the ride-hailing company continued to burn cash.</p><p>The first half of 2022 (1H2022) saw negative free cash flow (FCF) of US$744 million, more than double the US$325 million negative FCF in the prior year.</p><p><b>Improved operating metrics</b></p><p>Although Grab’s financial numbers were weak, it managed to report encouraging operating statistics.</p><p>Gross merchandise value (GMV) for the company rose 30% year on year to US$5.1 billion.</p><p>Monthly transacting users (MTUs) increased by 12% year on year to 32.6 million, and around a third of these MTUs used three or more offerings in 2Q2022.</p><p>The Deliveries division saw GMV rise 19% year on year to US$2.5 billion while the Mobility segment’s GMV jumped 51% year on year to US$1 billion.</p><p>Grab’s Financial Services division saw total payments volume (TPV) climb 31% year on year to US$3.8 billion as loan disbursements grew and more users took up the division’s Buy Now, Pay Later products.</p><p><b>Fingers in (too) many pies</b></p><p>While it seems that Grab is gaining traction in growing its GMV and TPV, investors are increasingly focusing more on profitability than a “growth at all costs” model.</p><p>CFO Peter Oey is cognisant of this and has commented that management is accelerating Grab’s efforts to become profitable.</p><p>The problem is that the company seems to have its fingers in too many pies.</p><p>Mobility and food deliveries are both capital and manpower intensive, and both divisions have thus far not managed to break even.</p><p>There was also recent news that Grab’s competitor in Singapore, Foodpanda, had laid off around 5% of its staff to stay competitive.</p><p>Grab’s food delivery division could come under further pressure as demand tapers off when more people dine out in tandem with easing restrictions.</p><p>The company also has to shift capital to its Singapore digital bank initiative and has plans to also launch GXS Bank in Malaysia as a consortium comprising Malaysian investors, Singtel and Grab had clinched the Malaysian digital banking licences in April.</p><p>Aside from hiring new roles for GXS Bank, Grab is also dabbling in advertisements and location-mapping services.</p><p><b>Get Smart: Profitability seems elusive for now</b></p><p>Grab is intent on developing a regional super-app that encompasses a wide variety of useful services.</p><p>However, with its attention spread out over so many strategic initiatives, investors can expect profitability to be elusive for now.</p><p>Unless the company can demonstrate that its scale and improved operating numbers can translate into profitability, investors may be in for a long wait.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab’s Share Price Has Tumbled 70% Since its IPO: Is it Poised for a Rebound?</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab’s Share Price Has Tumbled 70% Since its IPO: Is it Poised for a Rebound?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-12 10:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/grabs-share-price-has-tumbled-70-since-its-ipo-is-it-poised-for-a-rebound/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It’s been a rough time for growth stocks this past year, and Grab Holdings (NASDAQ: GRAB) has not escaped the carnage.The high-profile ride-hailing cum food delivery company’s share price has skidded ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/grabs-share-price-has-tumbled-70-since-its-ipo-is-it-poised-for-a-rebound/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"source_url":"https://thesmartinvestor.com.sg/grabs-share-price-has-tumbled-70-since-its-ipo-is-it-poised-for-a-rebound/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112992422","content_text":"It’s been a rough time for growth stocks this past year, and Grab Holdings (NASDAQ: GRAB) has not escaped the carnage.The high-profile ride-hailing cum food delivery company’s share price has skidded nearly 70% since it went public via a combination with a special purpose acquisition company (SPAC) in early December last year.Grab’s super app offers a variety of services but the company continues to struggle to turn a profit.The digital services company released its 2022’s second quarter (2Q2022) earnings recently and disclosed that it was also going into advertising (GrabAds) and mapping and location-based services (GrabMaps).Blue-chip telco Singtel (SGX: Z74) has also partnered with Grab to launch a digital bank, GXS Bank, after clinching the Singapore digital full bank licence in December 2020.With so much going on, could shares of the company be poised for a rebound?A mixed set of financials2Q2022 saw Grab’s revenue surge 79% year on year to US$321 million as the company enjoyed broad-based revenue growth across all its divisions.Its Deliveries segment saw revenue soar nearly three-fold year on year from US$45 million to US$134 million due to contributions from Jaya Grocer, a mass-premium supermarket chain in Malaysia, that Grab acquired a majority stake in January this year.For its Mobility division, revenue rose 37% year on year to US$161 million in line with a surge in domestic and international travel and easing restrictions for offices and leisure commutes.Together, both divisions make up close to 92% of Grab’s total revenue.However, Grab continued to report losses for the quarter, though the loss had reduced by 29% year on year from US$801 million to US$572 million.It didn’t help that the ride-hailing company continued to burn cash.The first half of 2022 (1H2022) saw negative free cash flow (FCF) of US$744 million, more than double the US$325 million negative FCF in the prior year.Improved operating metricsAlthough Grab’s financial numbers were weak, it managed to report encouraging operating statistics.Gross merchandise value (GMV) for the company rose 30% year on year to US$5.1 billion.Monthly transacting users (MTUs) increased by 12% year on year to 32.6 million, and around a third of these MTUs used three or more offerings in 2Q2022.The Deliveries division saw GMV rise 19% year on year to US$2.5 billion while the Mobility segment’s GMV jumped 51% year on year to US$1 billion.Grab’s Financial Services division saw total payments volume (TPV) climb 31% year on year to US$3.8 billion as loan disbursements grew and more users took up the division’s Buy Now, Pay Later products.Fingers in (too) many piesWhile it seems that Grab is gaining traction in growing its GMV and TPV, investors are increasingly focusing more on profitability than a “growth at all costs” model.CFO Peter Oey is cognisant of this and has commented that management is accelerating Grab’s efforts to become profitable.The problem is that the company seems to have its fingers in too many pies.Mobility and food deliveries are both capital and manpower intensive, and both divisions have thus far not managed to break even.There was also recent news that Grab’s competitor in Singapore, Foodpanda, had laid off around 5% of its staff to stay competitive.Grab’s food delivery division could come under further pressure as demand tapers off when more people dine out in tandem with easing restrictions.The company also has to shift capital to its Singapore digital bank initiative and has plans to also launch GXS Bank in Malaysia as a consortium comprising Malaysian investors, Singtel and Grab had clinched the Malaysian digital banking licences in April.Aside from hiring new roles for GXS Bank, Grab is also dabbling in advertisements and location-mapping services.Get Smart: Profitability seems elusive for nowGrab is intent on developing a regional super-app that encompasses a wide variety of useful services.However, with its attention spread out over so many strategic initiatives, investors can expect profitability to be elusive for now.Unless the company can demonstrate that its scale and improved operating numbers can translate into profitability, investors may be in for a long wait.","news_type":1,"symbols_score_info":{"GRAB":0.9}},"isVote":1,"tweetType":1,"viewCount":1351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9996688942,"gmtCreate":1661160999488,"gmtModify":1676536464403,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"Brave!&nbsp;","listText":"Brave!&nbsp;","text":"Brave!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9996688942","repostId":"1184419615","repostType":2,"repost":{"id":"1184419615","kind":"news","pubTimestamp":1661140699,"share":"https://ttm.financial/m/news/1184419615?lang=en_US&edition=fundamental","pubTime":"2022-08-22 11:58","market":"us","language":"en","title":"Palantir: Reality Is Sinking In","url":"https://stock-news.laohu8.com/highlight/detail?id=1184419615","media":"Seeking Alpha","summary":"SummaryPalantir scrapped its 30% sales growth forecast for 2022.Losses are widening, thanks to SBC.I","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Palantir scrapped its 30% sales growth forecast for 2022.</li><li>Losses are widening, thanks to SBC.</li><li>In my view, the valuation is still too high.</li></ul><p>Due to concerns about the company&#39;s stock-based compensation (SBC) and risks to its sales growth, I initiated a short position in <b>Palantir Technologies Inc. (NYSE:PLTR)</b>in May via put options.</p><p>Now that the software company has abandoned its 30% sales growth target indefinitely due to a slowdown in its core business, the stock is at risk of falling to my fair value target of $2.50. Palantir should be avoided because it is still grossly overvalued.</p><p><b>Fundamentally Unsound Business</b></p><p>Palantir&#39;snet losses were $101.4 million in 1Q-22. Palantir&#39;s net losses in 2Q-22 were $179.3 million, a 77% increase QoQ.</p><p>For quite some time, I have been concerned about Palantir&#39;s lack of underlying profitability and have stated here that Palantir is running a fundamentally unprofitable software business that appealed to investors primarily because of Palantir&#39;s reliance on government contracts.</p><p>Palantir&#39;s sales growth slowed further in the second quarter, posing a new problem for the company&#39;s overvalued software division. Palantir&#39;s sales in 2Q-22 were $473.0 million, up 26% YoY, as the software company gained more commercial customers. Having said that, I see no way for Palantir to generate profitable sales growth.</p><p><img src=\"https://static.tigerbbs.com/a3024cf5552db6b2d0f8ac06c875f38b\" tg-width=\"640\" tg-height=\"557\" referrerpolicy=\"no-referrer\"/></p><p>Net Losses(Palantir Technologies)</p><p>I think Palantir is plagued by two major issues.</p><p>The first issue is that Palantir invests a lot of money in sales and marketing. Palantir&#39;s sales and marketing expenses accounted for 36% of sales dollars in 2Q-22, which is roughly in line with what the company has previously paid for sales growth.</p><p>Importantly, total operating expenses remained widely inflated at 87% (down from 88% in 1Q-22), making profit impossible for Palantir. The allocation of stock-based compensation remained a significant driver of Palantir&#39;s costs in the second quarter.</p><p><img src=\"https://static.tigerbbs.com/1680aa1718bd19424008138885b0a5dd\" tg-width=\"640\" tg-height=\"219\" referrerpolicy=\"no-referrer\"/></p><p>Sales/Marketing And Total Operating Expenses(Author Created Table Using Quarterly Earnings Reports From Palantir Technologies)</p><p>Palantir allocated $145.8 million in stock-based compensation to its cost categories, with 92% going to operating expenses and 8% going to revenue costs.</p><p>Palantir&#39;s executive compensation has added $295.1 million to various expense categories year to date, which I consider generous given the company&#39;s total loss of $280.7 million. In other words, if not for stock-based compensation, Palantir would have made a net profit of $14.4 million this year.</p><p>The majority of executive compensation consists of long-term equity incentives (options, restricted stock units), so Palantir&#39;s management should be well compensated.</p><p>However, SBC compensation is not Palantir&#39;s only issue. Palantir&#39;s accumulated deficit as of June 30, 2022 was $5.77 billion, representing the company&#39;s lifetime losses. With such high historical losses, Palantir must still demonstrate that it has a viable business model that promises the benefits of scalability. Given Palantir&#39;s large loss base and high SBC, I don&#39;t believe the company would be an appealing acquisition target.</p><p><img src=\"https://static.tigerbbs.com/5734d09cb75fbf96e81a32fa59d584cc\" tg-width=\"640\" tg-height=\"252\" referrerpolicy=\"no-referrer\"/></p><p>Stock-Based Compensation(Palantir Technologies)</p><p><b>Palantir Scraps Guidance Remains Hopelessly Overvalued</b></p><p>Palantir&#39;s new revenue forecast for 2022 is $1.9 billion, representing 23% YoY growth, and the software company is no longer predicting 30% annual sales growth. This is a significant departure from previous quarters, when investors emphasized Palantir&#39;s projected annual sales growth of 30%.</p><p>In my opinion, the software company has an indefensible sales multiple of 10x based on $1.9 billion in sales. I think the sales multiple is unjustifiable because Palantir has flawed fundamentals (inflated operating expenses), overpaid executives, and faces a slowing core consulting business.</p><p><img src=\"https://static.tigerbbs.com/49dee2394d5e2e57f4a10043de8814bc\" tg-width=\"1280\" tg-height=\"802\" referrerpolicy=\"no-referrer\"/>PLTR PS Ratiodata byYCharts</p><p><b>Change To My Short Position</b></p><p>I made a minor change to my Palantir short position by extending the expiration date of my puts from January 2023 to March 2023.</p><p>The longer duration of the put options reduces my capital risks while also giving Palantir&#39;s stock price more time to fall towards my $2.50 stock price target. My put options continue to have a strike price of $6.</p><p><b>Why Palantir Stock Could Increase</b></p><p>Palantir&#39;s guidance may have some upside in the sense that government sales may pick up towards the end of the year, and Palantir could, in theory, deliver better-than-expected sales growth if new contracts are signed with various government agencies.</p><p>With that said, I believe it is safe to say that the 30% growth target is effectively off the table for the time being, and investors must make do with potentially much lower growth rates in the future.</p><p>Because Palantir continues to incur higher net losses, I am not optimistic that the company will be profitable this year or next.</p><p><b>My Conclusion</b></p><p>Palantir&#39;s poor 2Q-22 business update makes it much more likely that PLTR will fall towards my $2.50 stock price target that I set for the software company in my last article on Palantir in May 2022. Palantir is not everything that investors thought it was, and reality is slowly sinking in.</p><p>Scrapping the much-touted 30% growth target strongly suggests that the odds are stacked against Palantir at this point, and in my view, Palantir should be avoided because it is still grossly overvalued.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir: Reality Is Sinking In</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir: Reality Is Sinking In\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-22 11:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4535969-palantir-reality-is-sinking-in><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryPalantir scrapped its 30% sales growth forecast for 2022.Losses are widening, thanks to SBC.In my view, the valuation is still too high.Due to concerns about the company's stock-based ...</p>\n\n<a href=\"https://seekingalpha.com/article/4535969-palantir-reality-is-sinking-in\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4535969-palantir-reality-is-sinking-in","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184419615","content_text":"SummaryPalantir scrapped its 30% sales growth forecast for 2022.Losses are widening, thanks to SBC.In my view, the valuation is still too high.Due to concerns about the company's stock-based compensation (SBC) and risks to its sales growth, I initiated a short position in Palantir Technologies Inc. (NYSE:PLTR)in May via put options.Now that the software company has abandoned its 30% sales growth target indefinitely due to a slowdown in its core business, the stock is at risk of falling to my fair value target of $2.50. Palantir should be avoided because it is still grossly overvalued.Fundamentally Unsound BusinessPalantir'snet losses were $101.4 million in 1Q-22. Palantir's net losses in 2Q-22 were $179.3 million, a 77% increase QoQ.For quite some time, I have been concerned about Palantir's lack of underlying profitability and have stated here that Palantir is running a fundamentally unprofitable software business that appealed to investors primarily because of Palantir's reliance on government contracts.Palantir's sales growth slowed further in the second quarter, posing a new problem for the company's overvalued software division. Palantir's sales in 2Q-22 were $473.0 million, up 26% YoY, as the software company gained more commercial customers. Having said that, I see no way for Palantir to generate profitable sales growth.Net Losses(Palantir Technologies)I think Palantir is plagued by two major issues.The first issue is that Palantir invests a lot of money in sales and marketing. Palantir's sales and marketing expenses accounted for 36% of sales dollars in 2Q-22, which is roughly in line with what the company has previously paid for sales growth.Importantly, total operating expenses remained widely inflated at 87% (down from 88% in 1Q-22), making profit impossible for Palantir. The allocation of stock-based compensation remained a significant driver of Palantir's costs in the second quarter.Sales/Marketing And Total Operating Expenses(Author Created Table Using Quarterly Earnings Reports From Palantir Technologies)Palantir allocated $145.8 million in stock-based compensation to its cost categories, with 92% going to operating expenses and 8% going to revenue costs.Palantir's executive compensation has added $295.1 million to various expense categories year to date, which I consider generous given the company's total loss of $280.7 million. In other words, if not for stock-based compensation, Palantir would have made a net profit of $14.4 million this year.The majority of executive compensation consists of long-term equity incentives (options, restricted stock units), so Palantir's management should be well compensated.However, SBC compensation is not Palantir's only issue. Palantir's accumulated deficit as of June 30, 2022 was $5.77 billion, representing the company's lifetime losses. With such high historical losses, Palantir must still demonstrate that it has a viable business model that promises the benefits of scalability. Given Palantir's large loss base and high SBC, I don't believe the company would be an appealing acquisition target.Stock-Based Compensation(Palantir Technologies)Palantir Scraps Guidance Remains Hopelessly OvervaluedPalantir's new revenue forecast for 2022 is $1.9 billion, representing 23% YoY growth, and the software company is no longer predicting 30% annual sales growth. This is a significant departure from previous quarters, when investors emphasized Palantir's projected annual sales growth of 30%.In my opinion, the software company has an indefensible sales multiple of 10x based on $1.9 billion in sales. I think the sales multiple is unjustifiable because Palantir has flawed fundamentals (inflated operating expenses), overpaid executives, and faces a slowing core consulting business.PLTR PS Ratiodata byYChartsChange To My Short PositionI made a minor change to my Palantir short position by extending the expiration date of my puts from January 2023 to March 2023.The longer duration of the put options reduces my capital risks while also giving Palantir's stock price more time to fall towards my $2.50 stock price target. My put options continue to have a strike price of $6.Why Palantir Stock Could IncreasePalantir's guidance may have some upside in the sense that government sales may pick up towards the end of the year, and Palantir could, in theory, deliver better-than-expected sales growth if new contracts are signed with various government agencies.With that said, I believe it is safe to say that the 30% growth target is effectively off the table for the time being, and investors must make do with potentially much lower growth rates in the future.Because Palantir continues to incur higher net losses, I am not optimistic that the company will be profitable this year or next.My ConclusionPalantir's poor 2Q-22 business update makes it much more likely that PLTR will fall towards my $2.50 stock price target that I set for the software company in my last article on Palantir in May 2022. Palantir is not everything that investors thought it was, and reality is slowly sinking in.Scrapping the much-touted 30% growth target strongly suggests that the odds are stacked against Palantir at this point, and in my view, Palantir should be avoided because it is still grossly overvalued.","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":1447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9991829247,"gmtCreate":1660809336291,"gmtModify":1676536403758,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"Do people still follow Wave theory now? You kidding me?","listText":"Do people still follow Wave theory now? You kidding me?","text":"Do people still follow Wave theory now? You kidding me?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991829247","repostId":"2260828546","repostType":2,"isVote":1,"tweetType":1,"viewCount":1333,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9999197999,"gmtCreate":1660485410814,"gmtModify":1676533478520,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"One cannot predicts the future and it is probable there's 14% downside risk to Alibaba from here. Whether Munger is paring the stock now for later accumulation or Masayoshi is selling to beef up his troubling Softbank, these are regular tides in the big ocean. What concerns is will Alibaba float up strongly when eventually the tide rises to a new high? Or it has internal problems or geopolitics that is beyond its control? As I said at the beginning, no one knows. Let the investors decide.","listText":"One cannot predicts the future and it is probable there's 14% downside risk to Alibaba from here. Whether Munger is paring the stock now for later accumulation or Masayoshi is selling to beef up his troubling Softbank, these are regular tides in the big ocean. What concerns is will Alibaba float up strongly when eventually the tide rises to a new high? Or it has internal problems or geopolitics that is beyond its control? As I said at the beginning, no one knows. Let the investors decide.","text":"One cannot predicts the future and it is probable there's 14% downside risk to Alibaba from here. Whether Munger is paring the stock now for later accumulation or Masayoshi is selling to beef up his troubling Softbank, these are regular tides in the big ocean. What concerns is will Alibaba float up strongly when eventually the tide rises to a new high? Or it has internal problems or geopolitics that is beyond its control? As I said at the beginning, no one knows. Let the investors decide.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999197999","repostId":"1110057750","repostType":4,"isVote":1,"tweetType":1,"viewCount":1370,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9999197999,"gmtCreate":1660485410814,"gmtModify":1676533478520,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"One cannot predicts the future and it is probable there's 14% downside risk to Alibaba from here. Whether Munger is paring the stock now for later accumulation or Masayoshi is selling to beef up his troubling Softbank, these are regular tides in the big ocean. What concerns is will Alibaba float up strongly when eventually the tide rises to a new high? Or it has internal problems or geopolitics that is beyond its control? As I said at the beginning, no one knows. Let the investors decide.","listText":"One cannot predicts the future and it is probable there's 14% downside risk to Alibaba from here. Whether Munger is paring the stock now for later accumulation or Masayoshi is selling to beef up his troubling Softbank, these are regular tides in the big ocean. What concerns is will Alibaba float up strongly when eventually the tide rises to a new high? Or it has internal problems or geopolitics that is beyond its control? As I said at the beginning, no one knows. Let the investors decide.","text":"One cannot predicts the future and it is probable there's 14% downside risk to Alibaba from here. Whether Munger is paring the stock now for later accumulation or Masayoshi is selling to beef up his troubling Softbank, these are regular tides in the big ocean. What concerns is will Alibaba float up strongly when eventually the tide rises to a new high? Or it has internal problems or geopolitics that is beyond its control? As I said at the beginning, no one knows. Let the investors decide.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999197999","repostId":"1110057750","repostType":4,"isVote":1,"tweetType":1,"viewCount":1370,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9990961522,"gmtCreate":1660272852968,"gmtModify":1676533442131,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"Delisting of behemoths like Alibaba will hurt US standing as well. SEC restrictive probes is a politically motivated move, not economically. PE and near term revenue growth are a lesser concern for monopolistic cash cows like Alibaba. Only that investors have to hold this stock until the current recessionary sentiment turns brighter.","listText":"Delisting of behemoths like Alibaba will hurt US standing as well. SEC restrictive probes is a politically motivated move, not economically. PE and near term revenue growth are a lesser concern for monopolistic cash cows like Alibaba. Only that investors have to hold this stock until the current recessionary sentiment turns brighter.","text":"Delisting of behemoths like Alibaba will hurt US standing as well. SEC restrictive probes is a politically motivated move, not economically. PE and near term revenue growth are a lesser concern for monopolistic cash cows like Alibaba. Only that investors have to hold this stock until the current recessionary sentiment turns brighter.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990961522","repostId":"1103823286","repostType":2,"repost":{"id":"1103823286","kind":"news","pubTimestamp":1660231920,"share":"https://ttm.financial/m/news/1103823286?lang=en_US&edition=fundamental","pubTime":"2022-08-11 23:32","market":"hk","language":"en","title":"Alibaba: More Bad News","url":"https://stock-news.laohu8.com/highlight/detail?id=1103823286","media":"Seeking Alpha","summary":"SummaryAlibaba's shares are trading at seemingly attractive valuation multiples but investors should","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Alibaba&#39;s shares are trading at seemingly attractive valuation multiples but investors shouldn&#39;t fall into the trap.</li><li>Prospects for investing in Alibaba have significantly deteriorated in recent weeks.</li><li>Risk-averse investors may want to avoid the stock for the time being.</li></ul><p>Alibaba&#39;s (NYSE:BABA) (OTCPK:BABAF) shares are down over 50% in the last year and many investors are getting tempted to buy. The general rationale is that the stock has fallen enough already and that it should only rally on from here on out. While that might have been a compelling contrarian argument till a few weeks ago, it&#39;s now rife with problems, speculation and stretched assumptions. In this article, I&#39;ll explain why investors may want to avoid the value trap that Alibaba is gradually turning out to be. Let&#39;s take a closer look at it all.</p><p><b>The Valuation Misconception</b></p><p>Let me start by saying that Alibaba&#39;s shares are trading at just 2.1-times its trailing twelve-month sales. This is quite low, especially when considering that the stock used to trade at over 24-times its sales back in 2015. Given this steep discount compared to its own prior levels, contrarian investors have been arguing that the stock is attractively valued and that it doesn&#39;t have much downside potential left from current levels.</p><p>While that sounds like a compelling argument, the problem here is that industry comparables are trading at even more attractive multiples. The chart below should put things in perspective. The X-axis plots the Price-to-Sales (or P/S) multiples for over 25 internet retail stocks that are listed on US bourses. Note how Alibaba is horizontally positioned slightly towards the right, indicating that its trading at levels that are marginally higher than the industry average.</p><p><img src=\"https://static.tigerbbs.com/f5d6db06c8da4548d2002f11348dc0e4\" tg-width=\"640\" tg-height=\"358\" referrerpolicy=\"no-referrer\"/></p><p>BusinessQuant.com</p><p>Now, let&#39;s shift attention to the Y-axis, which plots the revenue growth rates for the same set of companies. Note how Alibaba is vertically positioned much lower than a broad swath of its other listed peers. This suggests that the stock is valued slightly higher than the industry average but its revenue growth rate is lower than most its peers in general. This implies that Alibaba&#39;s shares have room to correct further, in order to justify its subpar growth rate.</p><p>There are at least 14 other stocks classified in the internet retail industry, that are growing faster than Alibaba but trading at lower P/S multiples. This disparity is all the more prominent when we consider that Alibaba&#39;s US-listed shares offer an ownership only in a shell company floated in Cayman Islands, whereas its other attractively-priced US-based peers offer ownership in actual companies. Because of this difference in the nature of securities, Alibaba&#39;s shares should ideally be trading at a discount compared to its US-based peers in the first place, but it&#39;s actually trading at a slight premium instead. This should encourage contrarian investors to reconsider their thesis for the e-commerce giant.</p><p><b>The Growth Slowdown</b></p><p>Moving on, the Chinese government hasn&#39;t hiked its interest rates in recent months, unlike the US. This suggests the Chinese economy will continue growing at a relatively faster pace and companies operating there should, at least in theory, thrive while other global economies stagnate and/or go into recession. This industry tailwind should indeed boost Alibaba&#39;s growth prospects and it&#39;s admittedly a silver lining in the whole contrarian narrative.</p><p>But there&#39;s a problem here as well. Hindering consumer spending in Q3 may trigger a more profound slowdown for Alibaba and other similarly positioned Chinese e-commerce companies, negating the positives of low interest rates in the country. This is gradually reflected in the Street&#39;s forecasts - note how analysts have been gradually lowering their revenue estimates for the company in nearly every passing week.</p><p><img src=\"https://static.tigerbbs.com/e2fe58214fe586338142e205e80429ea\" tg-width=\"637\" tg-height=\"437\" referrerpolicy=\"no-referrer\"/></p><p>Ycharts</p><p>This situation should again encourage investors to rethink their rationale for Alibaba.</p><p><b>The Delisting Risk</b></p><p>Lastly, contrarian investors are hopeful that delisting fears pertaining to Alibaba are exaggerated and not really a matter of concern. However, the risk is very real. The SEC published a yet another list about 10 days ago, noting that Alibaba and 270 other Chinese companies will be forcefully delisted from US bourses if they don&#39;t open up for audit inspections.</p><p>Chinese regulators had reassured investors earlier this year that they&#39;re going to work with the SEC and comply with their audit requirements, in order to prevent mass delisting of Chinese stocks from US bourses. But I&#39;ve been warning investors that the regulators haven&#39;t been making any progress and the risk remains. The prospect of such progress seems even more unlikely now.</p><p>One might argue that Alibaba is listed on Hong Kong bourses so a delisting in the US won&#39;t make a difference. But it will. The prospect of Alibaba&#39;s shares getting delisted in the US, is likely to prompt a mass selloff by institutional investors that have mandates to invest in only US stocks. Besides, the financial cost of owning Hong Kong-listed stocks is far higher for US citizens, so retail investors are likely to sell their shares too in large numbers.</p><p>Moreover, it&#39;s not like Hong Kong-listed shares have been performing any better than their US-listed shares. Both the stocks have continuously declined for the better part of the past year and I expect the downtrend to continue in Hong Kong listed shares going forward as well, given the deteriorating growth prospects for Alibaba as a company and its stretched valuation in general.</p><p><img src=\"https://static.tigerbbs.com/e429e60a44011b271d8005a772849ddd\" tg-width=\"640\" tg-height=\"328\" referrerpolicy=\"no-referrer\"/></p><p>Yahoo Finance</p><p><b>Final Thoughts</b></p><p>There&#39;s no denying that Alibaba has grown its top line at a rapid rate in the past decade. The company has expanded its operations over time and its different revenue streams have all continued to grow over the years. This is a commendable feat and an enviable position to be in.</p><p><img src=\"https://static.tigerbbs.com/44d14b4467c4d87ffa64fe2f60f01bb1\" tg-width=\"640\" tg-height=\"672\" referrerpolicy=\"no-referrer\"/></p><p>BusinessQuant.com</p><p>However, there are now several risks associated with investing in Alibaba, namely decelerating revenue growth, the risk of getting delisted from US exchanges and its relatively pricey valuations in general. So, risk-averse investors may want to avoid investing in Alibaba for the time being at least. The stock seems tempting at current levels, but it&#39;s rife with issues.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba: More Bad News</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba: More Bad News\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-11 23:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4532407-alibaba-more-bad-news?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A3><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAlibaba's shares are trading at seemingly attractive valuation multiples but investors shouldn't fall into the trap.Prospects for investing in Alibaba have significantly deteriorated in recent ...</p>\n\n<a href=\"https://seekingalpha.com/article/4532407-alibaba-more-bad-news?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A3\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4532407-alibaba-more-bad-news?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103823286","content_text":"SummaryAlibaba's shares are trading at seemingly attractive valuation multiples but investors shouldn't fall into the trap.Prospects for investing in Alibaba have significantly deteriorated in recent weeks.Risk-averse investors may want to avoid the stock for the time being.Alibaba's (NYSE:BABA) (OTCPK:BABAF) shares are down over 50% in the last year and many investors are getting tempted to buy. The general rationale is that the stock has fallen enough already and that it should only rally on from here on out. While that might have been a compelling contrarian argument till a few weeks ago, it's now rife with problems, speculation and stretched assumptions. In this article, I'll explain why investors may want to avoid the value trap that Alibaba is gradually turning out to be. Let's take a closer look at it all.The Valuation MisconceptionLet me start by saying that Alibaba's shares are trading at just 2.1-times its trailing twelve-month sales. This is quite low, especially when considering that the stock used to trade at over 24-times its sales back in 2015. Given this steep discount compared to its own prior levels, contrarian investors have been arguing that the stock is attractively valued and that it doesn't have much downside potential left from current levels.While that sounds like a compelling argument, the problem here is that industry comparables are trading at even more attractive multiples. The chart below should put things in perspective. The X-axis plots the Price-to-Sales (or P/S) multiples for over 25 internet retail stocks that are listed on US bourses. Note how Alibaba is horizontally positioned slightly towards the right, indicating that its trading at levels that are marginally higher than the industry average.BusinessQuant.comNow, let's shift attention to the Y-axis, which plots the revenue growth rates for the same set of companies. Note how Alibaba is vertically positioned much lower than a broad swath of its other listed peers. This suggests that the stock is valued slightly higher than the industry average but its revenue growth rate is lower than most its peers in general. This implies that Alibaba's shares have room to correct further, in order to justify its subpar growth rate.There are at least 14 other stocks classified in the internet retail industry, that are growing faster than Alibaba but trading at lower P/S multiples. This disparity is all the more prominent when we consider that Alibaba's US-listed shares offer an ownership only in a shell company floated in Cayman Islands, whereas its other attractively-priced US-based peers offer ownership in actual companies. Because of this difference in the nature of securities, Alibaba's shares should ideally be trading at a discount compared to its US-based peers in the first place, but it's actually trading at a slight premium instead. This should encourage contrarian investors to reconsider their thesis for the e-commerce giant.The Growth SlowdownMoving on, the Chinese government hasn't hiked its interest rates in recent months, unlike the US. This suggests the Chinese economy will continue growing at a relatively faster pace and companies operating there should, at least in theory, thrive while other global economies stagnate and/or go into recession. This industry tailwind should indeed boost Alibaba's growth prospects and it's admittedly a silver lining in the whole contrarian narrative.But there's a problem here as well. Hindering consumer spending in Q3 may trigger a more profound slowdown for Alibaba and other similarly positioned Chinese e-commerce companies, negating the positives of low interest rates in the country. This is gradually reflected in the Street's forecasts - note how analysts have been gradually lowering their revenue estimates for the company in nearly every passing week.YchartsThis situation should again encourage investors to rethink their rationale for Alibaba.The Delisting RiskLastly, contrarian investors are hopeful that delisting fears pertaining to Alibaba are exaggerated and not really a matter of concern. However, the risk is very real. The SEC published a yet another list about 10 days ago, noting that Alibaba and 270 other Chinese companies will be forcefully delisted from US bourses if they don't open up for audit inspections.Chinese regulators had reassured investors earlier this year that they're going to work with the SEC and comply with their audit requirements, in order to prevent mass delisting of Chinese stocks from US bourses. But I've been warning investors that the regulators haven't been making any progress and the risk remains. The prospect of such progress seems even more unlikely now.One might argue that Alibaba is listed on Hong Kong bourses so a delisting in the US won't make a difference. But it will. The prospect of Alibaba's shares getting delisted in the US, is likely to prompt a mass selloff by institutional investors that have mandates to invest in only US stocks. Besides, the financial cost of owning Hong Kong-listed stocks is far higher for US citizens, so retail investors are likely to sell their shares too in large numbers.Moreover, it's not like Hong Kong-listed shares have been performing any better than their US-listed shares. Both the stocks have continuously declined for the better part of the past year and I expect the downtrend to continue in Hong Kong listed shares going forward as well, given the deteriorating growth prospects for Alibaba as a company and its stretched valuation in general.Yahoo FinanceFinal ThoughtsThere's no denying that Alibaba has grown its top line at a rapid rate in the past decade. The company has expanded its operations over time and its different revenue streams have all continued to grow over the years. This is a commendable feat and an enviable position to be in.BusinessQuant.comHowever, there are now several risks associated with investing in Alibaba, namely decelerating revenue growth, the risk of getting delisted from US exchanges and its relatively pricey valuations in general. So, risk-averse investors may want to avoid investing in Alibaba for the time being at least. The stock seems tempting at current levels, but it's rife with issues.","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":1762,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9093308190,"gmtCreate":1643509626463,"gmtModify":1676533827068,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"Events in 1920s will replay itself but at a faster time frame. Essentially, Depression then War!","listText":"Events in 1920s will replay itself but at a faster time frame. Essentially, Depression then War!","text":"Events in 1920s will replay itself but at a faster time frame. Essentially, Depression then War!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093308190","repostId":"1157223555","repostType":2,"repost":{"id":"1157223555","kind":"news","pubTimestamp":1643443466,"share":"https://ttm.financial/m/news/1157223555?lang=en_US&edition=fundamental","pubTime":"2022-01-29 16:04","market":"us","language":"en","title":"Goldman Sachs Predicts Fed Will Raise Rates Five Times This Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1157223555","media":"Bloomberg","summary":"Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve wi","content":"<html><head></head><body><p>Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve will raise interest rates more aggressively than they previously expected.</p><p>Economists led by Jan Hatzius now predict the Fed will lift its near zero benchmark by 25 basis points five times this year rather than on four occasions. That would take the benchmark to 1.25%-1.5% by the end of the year.</p><p>Shifts are now seen by Goldman Sachs in March, May, July, September and December. They also expect officials to announce the start of a balance sheet reduction in June.</p><p>The switch came days after Fed Chair Jerome Powell said officials were ready to raise rates in March and left the door open to moving at every meeting if needed to curb the fastest inflation in 40 years. A government report on Friday showed the Employment Cost Index rose 4% in the year through December, the most in two decades.</p><p>Fed Kicks Off Most Aggressive Global Tightening in Decades</p><p>“The evidence that wage growth is running above levels consistent with the Fed’s inflation target has strengthened, and we have revised up our inflation path,” the Goldman Sachs economists said in a report to clients. “In addition, Chair Powell’s comments earlier this week made it clear that the Fed leadership is open to a more aggressive pace of tightening.”</p><p>The Fed could still switch gears if market conditions change or the economy decelerates much faster than projected, or tighten monetary policy even more than forecast if inflation remains high enough, they said.</p><p>Even as they agreed the Fed will do more than they previously bet, banks were divided this week over how aggressive policy makers would be.</p><p>Bank of America Corp. now predicts seven rate hikes in 2022 and BNP Paribas SA forecasts six, while JPMorgan Chase &amp; Co. and Deutsche Bank AG see five.</p><p>Nomura Holdings Inc. even reckons the central bank will deliver a 50 basis points increase in March, which would be the biggest move since 2000.</p><p>Bloomberg Economics is sticking with the projection of five hikes it made earlier this month, though Chief Economist Anna Wong said this week there is a risk of six increases.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs Predicts Fed Will Raise Rates Five Times This Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs Predicts Fed Will Raise Rates Five Times This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-29 16:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/goldman-sachs-predicts-fed-raise-071350897.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve will raise interest rates more aggressively than they previously expected.Economists led by Jan ...</p>\n\n<a href=\"https://finance.yahoo.com/news/goldman-sachs-predicts-fed-raise-071350897.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://finance.yahoo.com/news/goldman-sachs-predicts-fed-raise-071350897.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157223555","content_text":"Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve will raise interest rates more aggressively than they previously expected.Economists led by Jan Hatzius now predict the Fed will lift its near zero benchmark by 25 basis points five times this year rather than on four occasions. That would take the benchmark to 1.25%-1.5% by the end of the year.Shifts are now seen by Goldman Sachs in March, May, July, September and December. They also expect officials to announce the start of a balance sheet reduction in June.The switch came days after Fed Chair Jerome Powell said officials were ready to raise rates in March and left the door open to moving at every meeting if needed to curb the fastest inflation in 40 years. A government report on Friday showed the Employment Cost Index rose 4% in the year through December, the most in two decades.Fed Kicks Off Most Aggressive Global Tightening in Decades“The evidence that wage growth is running above levels consistent with the Fed’s inflation target has strengthened, and we have revised up our inflation path,” the Goldman Sachs economists said in a report to clients. “In addition, Chair Powell’s comments earlier this week made it clear that the Fed leadership is open to a more aggressive pace of tightening.”The Fed could still switch gears if market conditions change or the economy decelerates much faster than projected, or tighten monetary policy even more than forecast if inflation remains high enough, they said.Even as they agreed the Fed will do more than they previously bet, banks were divided this week over how aggressive policy makers would be.Bank of America Corp. now predicts seven rate hikes in 2022 and BNP Paribas SA forecasts six, while JPMorgan Chase & Co. and Deutsche Bank AG see five.Nomura Holdings Inc. even reckons the central bank will deliver a 50 basis points increase in March, which would be the biggest move since 2000.Bloomberg Economics is sticking with the projection of five hikes it made earlier this month, though Chief Economist Anna Wong said this week there is a risk of six increases.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1356,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9092478496,"gmtCreate":1644720445246,"gmtModify":1676533956096,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"Russia takes Ukraine, China takes Taiwan, and US can take Cuba. Everybody gains, superpowers that is.","listText":"Russia takes Ukraine, China takes Taiwan, and US can take Cuba. Everybody gains, superpowers that is.","text":"Russia takes Ukraine, China takes Taiwan, and US can take Cuba. Everybody gains, superpowers that is.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092478496","repostId":"2211524630","repostType":2,"repost":{"id":"2211524630","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1644700320,"share":"https://ttm.financial/m/news/2211524630?lang=en_US&edition=fundamental","pubTime":"2022-02-13 05:12","market":"us","language":"en","title":"What a Russian Invasion of Ukraine Would Mean for Markets as Biden Warns Putin of 'Severe Costs'","url":"https://stock-news.laohu8.com/highlight/detail?id=2211524630","media":"Dow Jones","summary":"Investors on Friday got a taste of the sort of market shock that could come if Russia invades Ukraine.The spark came as Jake Sullivan, the White House national security adviser, warned Friday afternoo","content":"<html><head></head><body><p>Investors on Friday got a taste of the sort of market shock that could come if Russia invades Ukraine.</p><p>The spark came as Jake Sullivan, the White House national security adviser, warned Friday afternoon that Russia could attack Ukraine &#34;any day now,&#34; with Russia&#39;s military prepared to begin an invasion if ordered by Russian President Vladimir Putin.</p><p>U.S. stocks extended a selloff to end sharply lower, with the Dow Jones Industrial Average  dropping more than 500 points and the S&amp;P 500  sinking 1.9%; oil futures surged to a seven-year high that has crude within hailing distance of $100 a barrel; and a round of buying interest in traditional safe-haven assets pulled down Treasury yields while lifting gold, the U.S. dollar  and the Japanese yen .</p><p>Putin and U.S. President Joe Biden spoke by telephone Saturday in a bid to de-escalate the crisis. The White House said Biden &#34;was clear that, if Russia undertakes a further invasion of Ukraine, the United States together with our allies and partners will respond decisively and impose swift and severe costs on Russia.&#34;</p><p>Analysts and investors have debated the lasting effects of an invasion on financial markets. Here&#39;s what investors need to know:</p><p><b>Energy prices set to surge</b></p><p>Energy prices are expected to soar in the event of an invasion, likely sending the price of crude above the $100-a-barrel threshold for the first time since 2014.</p><p>&#34;I think if a war breaks out between Russia and Ukraine, $100 a barrel will be almost assured,&#34; Phil Flynn, market analyst at Price Futures Group, told MarketWatch. U.S. benchmark oil futures  ended at a seven-year high of $93.10 on Friday, while Brent crude ,&#34; the global benchmark closed at $94.44 a barrel.</p><p>&#34;More than likely we will spike hard and then drop. The $100-a-barrel area is more likely because inventories are tightest they have been in years,&#34; Flynn said, explaining that a monthly report Friday from the International Energy Agency warning that the crude market was set to tighten further makes any potential supply disruption &#34;all that more ominous.&#34;</p><p>Beyond crude, Russia&#39;s role as a key supplier of natural gas to Western Europe could send prices in the region soaring. Overall, spiking energy prices in Europe and around the world would be the most likely way a Russian invasion would stoke volatility across financial markets, analysts said.</p><p><b>Fed vs. flight to quality</b></p><p>Treasurys are among the most popular havens for investors during bouts of geopolitical uncertainty, so it was no surprise to see yields slide across the curve Friday afternoon. Treasury yields, which move the opposite direction of prices, were vulnerable to a pullback after surging Thursday in the wake of a hotter-than-expected January inflation report that saw traders price in aggressive rate increases by the Federal Reserve beginning with a potential half-point hike in March.</p><p>Analysts and investors debated how fighting in Ukraine could affect the Federal Reserve&#39;s plans for tightening monetary policy.</p><p>If Ukraine is attacked &#34;it adds more credence to our view that the Fed will be more dovish than the market currently believes as the war would make the outlook even more uncertain,&#34; said Jay Hatfield, chief investment officer at Infrastructure Capital Management, in emailed comments.</p><p>Others argued that a jump in energy prices would be likely to underline the Fed&#39;s worries over inflation.</p><p><b>Stocks and geopolitics</b></p><p>Uncertainty and the resulting volatility could make for more rough sledding for stocks in the near term, but analysts noted that U.S. equities have tended to get over geopolitical shocks relatively quickly.</p><p>&#34;You can&#39;t minimize what today&#39;s news could mean on that part of the world and the people impacted, but from an investment point of view we need to remember that major geopolitical events historically haven&#39;t moved stocks much,&#34; said Ryan Detrick, chief market strategist at LPL Financial, in a note, pointing to the chart below:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a5061dae5cb70d1704dc703f73fd77f6\" tg-width=\"700\" tg-height=\"321\" referrerpolicy=\"no-referrer\"/><span>LPL Financial</span></p><p>Indeed, the takeaway from past geopolitical crises may be that it&#39;s best not to sell into a panic, wrote MarketWatch columnist Mark Hulbert in September.</p><p>He noted data compiled by Ned Davis Research examining the 28 worst political or economic crises over the six decades before the 9/11 attacks in 2001. In 19 cases, the Dow was higher six months after the crisis began. The average six-month gain following all 28 crises was 2.3%. In the aftermath of 9/11, which left markets closed for several days, the Dow fell 17.5% at its low but recovered to trade above its Sept. 10 level by Oct. 26, six weeks later.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What a Russian Invasion of Ukraine Would Mean for Markets as Biden Warns Putin of 'Severe Costs'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat a Russian Invasion of Ukraine Would Mean for Markets as Biden Warns Putin of 'Severe Costs'\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-02-13 05:12</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Investors on Friday got a taste of the sort of market shock that could come if Russia invades Ukraine.</p><p>The spark came as Jake Sullivan, the White House national security adviser, warned Friday afternoon that Russia could attack Ukraine &#34;any day now,&#34; with Russia&#39;s military prepared to begin an invasion if ordered by Russian President Vladimir Putin.</p><p>U.S. stocks extended a selloff to end sharply lower, with the Dow Jones Industrial Average  dropping more than 500 points and the S&amp;P 500  sinking 1.9%; oil futures surged to a seven-year high that has crude within hailing distance of $100 a barrel; and a round of buying interest in traditional safe-haven assets pulled down Treasury yields while lifting gold, the U.S. dollar  and the Japanese yen .</p><p>Putin and U.S. President Joe Biden spoke by telephone Saturday in a bid to de-escalate the crisis. The White House said Biden &#34;was clear that, if Russia undertakes a further invasion of Ukraine, the United States together with our allies and partners will respond decisively and impose swift and severe costs on Russia.&#34;</p><p>Analysts and investors have debated the lasting effects of an invasion on financial markets. Here&#39;s what investors need to know:</p><p><b>Energy prices set to surge</b></p><p>Energy prices are expected to soar in the event of an invasion, likely sending the price of crude above the $100-a-barrel threshold for the first time since 2014.</p><p>&#34;I think if a war breaks out between Russia and Ukraine, $100 a barrel will be almost assured,&#34; Phil Flynn, market analyst at Price Futures Group, told MarketWatch. U.S. benchmark oil futures  ended at a seven-year high of $93.10 on Friday, while Brent crude ,&#34; the global benchmark closed at $94.44 a barrel.</p><p>&#34;More than likely we will spike hard and then drop. The $100-a-barrel area is more likely because inventories are tightest they have been in years,&#34; Flynn said, explaining that a monthly report Friday from the International Energy Agency warning that the crude market was set to tighten further makes any potential supply disruption &#34;all that more ominous.&#34;</p><p>Beyond crude, Russia&#39;s role as a key supplier of natural gas to Western Europe could send prices in the region soaring. Overall, spiking energy prices in Europe and around the world would be the most likely way a Russian invasion would stoke volatility across financial markets, analysts said.</p><p><b>Fed vs. flight to quality</b></p><p>Treasurys are among the most popular havens for investors during bouts of geopolitical uncertainty, so it was no surprise to see yields slide across the curve Friday afternoon. Treasury yields, which move the opposite direction of prices, were vulnerable to a pullback after surging Thursday in the wake of a hotter-than-expected January inflation report that saw traders price in aggressive rate increases by the Federal Reserve beginning with a potential half-point hike in March.</p><p>Analysts and investors debated how fighting in Ukraine could affect the Federal Reserve&#39;s plans for tightening monetary policy.</p><p>If Ukraine is attacked &#34;it adds more credence to our view that the Fed will be more dovish than the market currently believes as the war would make the outlook even more uncertain,&#34; said Jay Hatfield, chief investment officer at Infrastructure Capital Management, in emailed comments.</p><p>Others argued that a jump in energy prices would be likely to underline the Fed&#39;s worries over inflation.</p><p><b>Stocks and geopolitics</b></p><p>Uncertainty and the resulting volatility could make for more rough sledding for stocks in the near term, but analysts noted that U.S. equities have tended to get over geopolitical shocks relatively quickly.</p><p>&#34;You can&#39;t minimize what today&#39;s news could mean on that part of the world and the people impacted, but from an investment point of view we need to remember that major geopolitical events historically haven&#39;t moved stocks much,&#34; said Ryan Detrick, chief market strategist at LPL Financial, in a note, pointing to the chart below:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a5061dae5cb70d1704dc703f73fd77f6\" tg-width=\"700\" tg-height=\"321\" referrerpolicy=\"no-referrer\"/><span>LPL Financial</span></p><p>Indeed, the takeaway from past geopolitical crises may be that it&#39;s best not to sell into a panic, wrote MarketWatch columnist Mark Hulbert in September.</p><p>He noted data compiled by Ned Davis Research examining the 28 worst political or economic crises over the six decades before the 9/11 attacks in 2001. In 19 cases, the Dow was higher six months after the crisis began. The average six-month gain following all 28 crises was 2.3%. In the aftermath of 9/11, which left markets closed for several days, the Dow fell 17.5% at its low but recovered to trade above its Sept. 10 level by Oct. 26, six weeks later.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2211524630","content_text":"Investors on Friday got a taste of the sort of market shock that could come if Russia invades Ukraine.The spark came as Jake Sullivan, the White House national security adviser, warned Friday afternoon that Russia could attack Ukraine \"any day now,\" with Russia's military prepared to begin an invasion if ordered by Russian President Vladimir Putin.U.S. stocks extended a selloff to end sharply lower, with the Dow Jones Industrial Average  dropping more than 500 points and the S&P 500  sinking 1.9%; oil futures surged to a seven-year high that has crude within hailing distance of $100 a barrel; and a round of buying interest in traditional safe-haven assets pulled down Treasury yields while lifting gold, the U.S. dollar  and the Japanese yen .Putin and U.S. President Joe Biden spoke by telephone Saturday in a bid to de-escalate the crisis. The White House said Biden \"was clear that, if Russia undertakes a further invasion of Ukraine, the United States together with our allies and partners will respond decisively and impose swift and severe costs on Russia.\"Analysts and investors have debated the lasting effects of an invasion on financial markets. Here's what investors need to know:Energy prices set to surgeEnergy prices are expected to soar in the event of an invasion, likely sending the price of crude above the $100-a-barrel threshold for the first time since 2014.\"I think if a war breaks out between Russia and Ukraine, $100 a barrel will be almost assured,\" Phil Flynn, market analyst at Price Futures Group, told MarketWatch. U.S. benchmark oil futures  ended at a seven-year high of $93.10 on Friday, while Brent crude ,\" the global benchmark closed at $94.44 a barrel.\"More than likely we will spike hard and then drop. The $100-a-barrel area is more likely because inventories are tightest they have been in years,\" Flynn said, explaining that a monthly report Friday from the International Energy Agency warning that the crude market was set to tighten further makes any potential supply disruption \"all that more ominous.\"Beyond crude, Russia's role as a key supplier of natural gas to Western Europe could send prices in the region soaring. Overall, spiking energy prices in Europe and around the world would be the most likely way a Russian invasion would stoke volatility across financial markets, analysts said.Fed vs. flight to qualityTreasurys are among the most popular havens for investors during bouts of geopolitical uncertainty, so it was no surprise to see yields slide across the curve Friday afternoon. Treasury yields, which move the opposite direction of prices, were vulnerable to a pullback after surging Thursday in the wake of a hotter-than-expected January inflation report that saw traders price in aggressive rate increases by the Federal Reserve beginning with a potential half-point hike in March.Analysts and investors debated how fighting in Ukraine could affect the Federal Reserve's plans for tightening monetary policy.If Ukraine is attacked \"it adds more credence to our view that the Fed will be more dovish than the market currently believes as the war would make the outlook even more uncertain,\" said Jay Hatfield, chief investment officer at Infrastructure Capital Management, in emailed comments.Others argued that a jump in energy prices would be likely to underline the Fed's worries over inflation.Stocks and geopoliticsUncertainty and the resulting volatility could make for more rough sledding for stocks in the near term, but analysts noted that U.S. equities have tended to get over geopolitical shocks relatively quickly.\"You can't minimize what today's news could mean on that part of the world and the people impacted, but from an investment point of view we need to remember that major geopolitical events historically haven't moved stocks much,\" said Ryan Detrick, chief market strategist at LPL Financial, in a note, pointing to the chart below:LPL FinancialIndeed, the takeaway from past geopolitical crises may be that it's best not to sell into a panic, wrote MarketWatch columnist Mark Hulbert in September.He noted data compiled by Ned Davis Research examining the 28 worst political or economic crises over the six decades before the 9/11 attacks in 2001. In 19 cases, the Dow was higher six months after the crisis began. The average six-month gain following all 28 crises was 2.3%. In the aftermath of 9/11, which left markets closed for several days, the Dow fell 17.5% at its low but recovered to trade above its Sept. 10 level by Oct. 26, six weeks later.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1052,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":475187622179032,"gmtCreate":1757036083743,"gmtModify":1757036087725,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"Mark Moss says Gold is heading to $15000, sell your kidney and just BUY!","listText":"Mark Moss says Gold is heading to $15000, sell your kidney and just BUY!","text":"Mark Moss says Gold is heading to $15000, sell your kidney and just BUY!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/475187622179032","isVote":1,"tweetType":1,"viewCount":1313,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9937168493,"gmtCreate":1663380520912,"gmtModify":1676537262436,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"TRiple wynching is a WitchHer potion adds another&nbsp;100% to market volatility&nbsp;Bet she will fly in on her broomstick on a stormy night","listText":"TRiple wynching is a WitchHer potion adds another&nbsp;100% to market volatility&nbsp;Bet she will fly in on her broomstick on a stormy night","text":"TRiple wynching is a WitchHer potion adds another 100% to market volatility Bet she will fly in on her broomstick on a stormy night","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9937168493","repostId":"1105151472","repostType":4,"repost":{"id":"1105151472","kind":"news","pubTimestamp":1663321360,"share":"https://ttm.financial/m/news/1105151472?lang=en_US&edition=fundamental","pubTime":"2022-09-16 17:42","market":"us","language":"en","title":"A $3.2 Trillion Option Expiration Seen Worsening Post-CPI Rout","url":"https://stock-news.laohu8.com/highlight/detail?id=1105151472","media":"Bloomberg","summary":"Market makers seen selling equities to hedge their positionsDealer ‘gamma’ flipped to short post inf","content":"<div>\n<p>Market makers seen selling equities to hedge their positionsDealer ‘gamma’ flipped to short post inflation data: SpotGammaAnother wrinkle in a chaotic stock market where everything from the frenetic ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-09-14/a-3-2-trillion-option-expiry-seen-worsening-post-cpi-stock-rout\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>A $3.2 Trillion Option Expiration Seen Worsening Post-CPI Rout</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA $3.2 Trillion Option Expiration Seen Worsening Post-CPI Rout\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-16 17:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-09-14/a-3-2-trillion-option-expiry-seen-worsening-post-cpi-stock-rout><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Market makers seen selling equities to hedge their positionsDealer ‘gamma’ flipped to short post inflation data: SpotGammaAnother wrinkle in a chaotic stock market where everything from the frenetic ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-09-14/a-3-2-trillion-option-expiry-seen-worsening-post-cpi-stock-rout\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-09-14/a-3-2-trillion-option-expiry-seen-worsening-post-cpi-stock-rout","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105151472","content_text":"Market makers seen selling equities to hedge their positionsDealer ‘gamma’ flipped to short post inflation data: SpotGammaAnother wrinkle in a chaotic stock market where everything from the frenetic activity of quant traders to an ever-hawkish Federal Reserve is making investing harder than usual: A looming $3.2 trillion options expiry played a notable role in the Tuesday selloff.As a hotter-than-expected inflation reading rocked Wall Street, a slew of bearish options that had become worthless during last week’s rally jumped back in the money, forcing market makers to sell underlying stocks to hedge their positions.With those put contracts expiring Friday, the activity of dealers turned more sensitive to the movement in the cash market. After the S&P 500 fell below 4,000 -- an area that harbors one of the highest open interest to roll out -- selling intensified, according to Steve Sosnick, chief strategist at Interactive Brokers LLC.“Once we broke through there, all hell broke loose,” Sosnick said on Bloomberg TV. “I have not been one of those to make too much hay about these expirations but lately they really have become significant.”It’s the latest example of a controversial narrative that suggests that stocks effectively become a derivative of its own derivative -- one that upends the traditional relationship between options and their underlying assets.The interplay between the equity and options markets can be complex. To illustrate the dynamics, Brent Kochuba, founder of analytic service SpotGamma, calculated thegamma, or the theoretical value of stock required for market makers to buy or sell in order to hedge the directional exposure resulting from all price fluctuations in options.At 8 a.m. Tuesday, dealer gamma was flat, according to SpotGamma’s estimate, meaning they didn’t need to do much hedging. After the data on August’s consumer price index hit the wire at 8:30 a.m., S&P 500 futures tumbled almost 3% in a matter of minutes. Instantly, dealer positioning flipped to a dynamic known as short gamma, meaning market makers had to trade with the prevailing trend -- in this case selling stocks when they fall.“Because these are short dated puts, their value changes much more rapidly,” said Kochuba. “Gamma is higher as you get closer to expiration. This leads to more active hedging, which expands volatility.”The dynamic was a reversal from the previous week when an equity rally into this upcoming options expiration led to a decay in the value of put positions. That in turned prompted dealers to purchase stocks, adding fuel to market gains.Source: Goldman SachsIt’s unclear if the event known as OpEx will fuel fresh fireworks on Friday this time round. About $3.2 trillion of options are set to expire, obliging holders to either roll over existing positions or start new ones. The tally includes more than $2 billion of S&P 500-linked contracts and $505 billion of derivatives across single stocks scheduled to run out, according to estimates by Goldman Sachs Group Inc. strategist Rocky Fishman.The good news is that there was little sense of panic during the S&P 500’s $1.5 trillion rout on Tuesday, according to Amy Wu Silverman, an equity derivatives strategist at RBC Capital Markets. Stock tradingvolumewas subdued, and the analyst didn’t see many new positions initiated in the derivatives market. That means, hedging activity from options dealers is likely to subside accordingly after Friday’s event.“It’s definitely safe to blame options for some of the exacerbation of moves,” she said. “But it’s not really like this move freaked people out and made them add hedges.”","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1923,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":402842291695712,"gmtCreate":1739377681882,"gmtModify":1739848392688,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"My Grab driver says no need to know FCF or DCF, just know it's WTF! (he means World's Top Financial)... 🤣","listText":"My Grab driver says no need to know FCF or DCF, just know it's WTF! (he means World's Top Financial)... 🤣","text":"My Grab driver says no need to know FCF or DCF, just know it's WTF! (he means World's Top Financial)... 🤣","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/402842291695712","repostId":"1188026021","repostType":2,"repost":{"id":"1188026021","kind":"news","pubTimestamp":1739328449,"share":"https://ttm.financial/m/news/1188026021?lang=en_US&edition=fundamental","pubTime":"2025-02-12 10:47","market":"us","language":"en","title":"Grab This Buying Opportunity Before It Is Gone","url":"https://stock-news.laohu8.com/highlight/detail?id=1188026021","media":"Seeking Alpha","summary":"SummaryRecent share price weakness for Grab offers a good buying opportunity for the upcoming growth, profitability enhancement and FCF improvement.While the company is growing its user base, its stra","content":"<html><head></head><body><h2 id=\"id_3872712376\">Summary</h2><ul style=\"\"><li><p>Recent share price weakness for Grab offers a good buying opportunity for the upcoming growth, profitability enhancement and FCF improvement.</p></li><li><p>While the company is growing its user base, its strategy of bringing annual transacting users to monthly or even daily through enhanced product offerings and cross-selling drives secular growth.</p></li><li><p>Grab will report its 4Q24 results on 21 Feb. I expect another strong set of results, with its first positive operating profit and further growth in FCF.</p></li><li><p>The current share price of $4.8 appears undervalued; DCF purely based on Mobility and Deliveries suggests a fair value of $5.5/share on conservative assumptions. Strong Buy.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b743d88737387136cd369b668540bccc\" alt=\"Kokkai Ng\" title=\"Kokkai Ng\" tg-width=\"750\" tg-height=\"500\"/><span>Kokkai Ng</span></p><p>Grab (NASDAQ:GRAB) has been moving sideways YTD after a fantastic run in 4Q24. Compared to Uber (UBER), the closest peer to Grab, Uber has significantly outperformed Grab YTD with share price surging 23.7%. While there doesn’t appear to be any Grab-specific news driving the underperformance, the recent cyber scam incident in Myanmar with a Chinese celebrity and other individuals being kidnapped in Thailand and hustled across the border could be a possible reason. In this article, besides assessing the potential impact of cyber scam in Myanmar/Thailand on Grab, I will also look into Grab&#39;s growth strategies and valuation to see if it is a good entry point at the current share price level of $4.8.</p><h2 id=\"id_1800344930\">Negligible impact of the Myanmar/Thailand’s cyber scam incident</h2><p>Following widespread reports of a cyber scam in Myanmar involving trafficking of Chinese actor Xing Wang and a few Chinese individuals going missing and being kidnapped in Thailand, thousands of Chinese tourists have cancelled their travel plan to Thailand for CNY holiday amid growing safety concerns. The Association of Thai Travel Agents (ATTA) estimates Chinese tourists could drop 10-20% in the CNY holiday.</p><p>There is no doubt that Thailand is one of the key growing markets for Grab. As CEO Anthony Tan highlighted during 3Q24 result conference call, “…it&#39;s like the movie, Everybody Loves Raymond. This one is everybody loves Thailand. And there&#39;s a lot of people coming in, and we are really blessed to see that strengthening of inbound tourism that&#39;s supporting our growth”. In 2023, revenue from Thailand jumped 88% to $205 million, taking up 8.7% of total revenue. While growth in Thailand is remarkable, its importance is significantly lower than Malaysia, Indonesia and Singapore, each taking up &gt;20% of total revenue.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/fc4ca3122719498562e84bbebdb8d293\" alt=\"Grab&#39;s revenue by geographies (Grab)\" title=\"Grab&#39;s revenue by geographies (Grab)\" tg-width=\"480\" tg-height=\"288\"/><span>Grab&#39;s revenue by geographies (Grab)</span></p><p>If I assume a worst-case scenario where Thai revenue to fall 20% as suggested by ATTA, this would translate into 1.7% impact on Grab’s total revenue. In reality, the impact will be less than 1.7% as the decline in visitors is unlikely to last for the whole year. In addition, the disclosed geographical revenue ($205m in 2023) includes all business segments. Food deliveries and financial services are theoretically less dependent on tourism. Therefore, the cyber scam in Myanmar and Thailand should not have material impact on Grab’s financial.</p><h2 id=\"id_3048799683\">Strategically paving the way for Growth</h2><p>Grab’s share price had skyrocketed after releasing a strong 3Q24 result. A quick recap: Grab’s revenue was up 20% YoY (constant currency basis) on the back of an 18% YoY increase in on-demand GMV. This drove Grab’s adjusted EBITDA to hit a quarterly record high of $90m from just $15m in 3Q23. So, what’s driving the exceptional growth for Grab despite keen competition in the market? I think company’s sales strategies play a big role.</p><p><strong>Mobility – Strong GMV growth plus margin expansion through High-Value Mobility Service</strong></p><p>Grab’s product offerings cover customers from all tiers. Grab’s Saver Delivery and Saver Ride-hailing are the more affordable options for customers who are price sensitive or looking for value. These affordable options helped boost Grab’s Monthly Transacting Users (MTUs) significantly. The 16% YoY growth in Grab’s MTUs in 3Q24 was partly driven by these affordability initiatives.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/11a4c008ff2dbd31047d57f117609ba9\" alt=\"Grab&#39;s quarterly MTU growth (Grab)\" title=\"Grab&#39;s quarterly MTU growth (Grab)\" tg-width=\"480\" tg-height=\"288\"/><span>Grab&#39;s quarterly MTU growth (Grab)</span></p><p>On the other hand, Grab also provides premium services to customers who are willing to pay more for additional comfort or luxury, such as Grab Premium and Grab Executive. GMV growth for high-value mobility ride was impressive at 30% in 3Q24 vs overall mobility GMV growth of 24%. The GMV per ride on high-value mobility ride was 2.4x higher than that of standard, as highlighted by management. Its revenue margin also came in at 1.2x higher, fueling the profit growth of the mobility segment. While the adjusted EBITDA margin was marginally lower at 8.8% in 3Q24 vs 9% in 3Q23 due to rising Saver Mobility offerings, a sequential improvement has been seen vs 8.2% in 2Q24 as contribution from High-Value Mobility offerings increased.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/41263ad59342b2fdb2d19a2ac8924f31\" alt=\"Luxury Ride with GrabExecutive (Grab)\" title=\"Luxury Ride with GrabExecutive (Grab)\" tg-width=\"640\" tg-height=\"368\"/><span>Luxury Ride with GrabExecutive (Grab)</span></p><p><strong>Deliveries – Accelerating growth driven by Savers Deliveries; Food x Mart Cross-selling to boost Frequency and Retention</strong></p><p>Growth in deliveries GMV has been accelerating from 14% in 2Q24 to 16% in 3Q24 on a constant currency basis. Similar to Mobility, Grab has a balanced approach in growing Saver and Priority Deliveries services. While Savers are more price sensitive, they are more active in re-ordering, with a frequency level nearly double that of non-Savers. Saver Deliveries also sets a lower bar to attract new customers using Grab’s services, boosting growth in Grab’s delivery services. Saver Deliveries took up 32% of total deliveries transactions in 3Q24, from 14% in 3Q23.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a475cbf347163b19f6c1a8c2e5f5e9c0\" alt=\"Grab&#39;s Deliveries GMV growth (Grab)\" title=\"Grab&#39;s Deliveries GMV growth (Grab)\" tg-width=\"640\" tg-height=\"360\"/><span>Grab&#39;s Deliveries GMV growth (Grab)</span></p><p>As highlighted by management, frequency is important for Deliveries business. And 1/3 of the deliveries today are coming from subscribers. To capture more subscribers, Grab scaled its GrabUnlimited in 3Q24 by launching long-term plans across the six core markets. Management revealed that a GrabUnlimited subscriber is spending 4x more and 3x higher in frequency, driving growth for Grab’s Deliveries. Moreover, Grab is also pushing hard to cross-sell between GrabFood and GrabMart to boost frequency. According to Management, order frequency for a user in both Food and Mart is 4.9x higher than a food-only user. More importantly, this also suggests higher stickiness to the platform, which, I think, is crucial for the success of Grab.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3b9de99879c977570baa0e4c44bdc06b\" alt=\"GrabFood cross-sells with GrabMart (Grab)\" title=\"GrabFood cross-sells with GrabMart (Grab)\" tg-width=\"640\" tg-height=\"360\"/><span>GrabFood cross-sells with GrabMart (Grab)</span></p><p>Deliveries’ adjusted EBITDA margin increased 0.2ppts YoY to 1.8% in 3Q24 on improved monetization of the Food business and increased contribution from advertising. While adverting revenue only accounted for 1.6% of Grab’s Deliveries GMV in 3Q24 vs 1.4% in 2Q24 and 1.1% in 3Q23, I believe Grab has taken a right step to enhance the profitability of its Deliveries business as advertising margins are high. Management is committed to achieve the long term adjusted EBITDA margin target of 4%+ for its Deliveries business, suggesting margins upside in the next couple of quarters.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/080c6b9c8e5c49e391385b0fe57d13d6\" alt=\"Grab&#39;s long-term adjusted EBITDA margin guidance (Grab)\" title=\"Grab&#39;s long-term adjusted EBITDA margin guidance (Grab)\" tg-width=\"640\" tg-height=\"346\"/><span>Grab&#39;s long-term adjusted EBITDA margin guidance (Grab)</span></p><p><strong>Financial services – Deal with BYD fuels the growth of the segment</strong></p><p>Grab’s financial business has been growing robustly, with loan disbursal rising 38% YoY in 3Q24 to a record high of $567 million. Netting expected credit loss allowances, Grab’s loan portfolio jumped 81% YoY to $498 million. Unlike traditional banks targeting individuals with strong credit history, Grab’s leading business primarily serves the users and merchants on the platform. With the launch of digital banks (GXBank, GSX Bank and Superbank in Malaysia, Singapore and Indonesia respectively) since 2023, it has also started to focus on people who are underbanked or unbanked. Management estimates that 2/3 of the population in SE Asia are either unbanked or underbanked suggesting enormous growth potential.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/055f4971cd0d58c261629e95f12b4594\" alt=\"Grab&#39;s robust loan &amp; deposit growth (Grab)\" title=\"Grab&#39;s robust loan &amp; deposit growth (Grab)\" tg-width=\"640\" tg-height=\"352\"/><span>Grab&#39;s robust loan &amp; deposit growth (Grab)</span></p><p>While the financial services business segment is still loss-making, its adjustment EBITDA losses narrowed 27% YoY to $26 million in 3Q24 on rising revenue base and operating leverage. The rising bank deposits across the three digital banks, surpassing $1bn in 3Q24, also provides Grab with a low cost of funding.</p><p>Loan growth momentum has been strong, but do we need to concern about non-performing loans (NPLs)? Management revealed that its 90-days NPLs were stable at 2% which is surprisingly low for a fintech lender. Global banks typically have NPL ratios around 1-2% while emerging market banks, fintech &amp; alternative lenders could have NPL ratios of 3-7%. This reflects Grab’s strong ability in assessing its users’ or merchants’ credibility through their order and sales data on the platform.</p><p><strong>Deal with BYD fuels additional growth for Grab’s loan business</strong></p><p>BYD (OTCPK:BYDDY) announced on 15 Jan 2025 that it entered into an EV supply partnership with Grab, supplying up to 50,000 BYD’s EV for Grab’s driver partners across SE Asia. According to the announcement, drivers will have the option of renting the EVs from Grab or opting for financing supporting through Grab’s car ownership scheme. While it didn’t specify who will provide the financing, it is very likely that Grab’s financial services unit will underwrite loans to drivers who would like to join the ownership scheme. To Grab, this generates additional loan interest income on top of the mobility revenue, demonstrating strong synergy between business segments.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/82e324c0adb3d678ceec5c68d5175c61\" alt=\"Grab and BYD partnership on 50,000 BYD EV Supply in SE Asia (BYD/Grab)\" title=\"Grab and BYD partnership on 50,000 BYD EV Supply in SE Asia (BYD/Grab)\" tg-width=\"640\" tg-height=\"427\"/><span>Grab and BYD partnership on 50,000 BYD EV Supply in SE Asia (BYD/Grab)</span></p><p>BYD has agreed to supply vehicles at the most competitive rates. I have made a guesstimate by digging out the price range of the mentioned models including Denza D9, BYD Atto3, BYD Seal, and BYD M6. Assuming BYD will supply 50,000 vehicles, total value could be $2.1bn. While not some drivers would opt for renting from Grab, the potential size of car loan opportunity for Grab could still be over $400m if I conservatively assume 20% of the driver would opt for car ownership program. This is already comparable to Grab’s loan portfolio of $498m in 3Q24, suggesting significant room for loan growth.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/92a749f901e18a2f28294a636d333b36\" alt=\"Loan growth potential from BYD partnership (Analyst&#39;s estimate)\" title=\"Loan growth potential from BYD partnership (Analyst&#39;s estimate)\" tg-width=\"460\" tg-height=\"202\"/><span>Loan growth potential from BYD partnership (Analyst&#39;s estimate)</span></p><h3 id=\"id_646035952\">Grab’s MTUs have room for further upside</h3><p>Despite being a leader in ride-hailing and food delivery in SE Asia, Grab’s MTUs as a percentage of total population in SE Asia was only 5 (41.9m users) in 3Q24. Management revealed on a results conference call that its annual transacting users (ATUs) was much higher at 15% (approx. 105m users). This suggests that many new users are just occasionally using Grab’s services instead of using it every month. I believe the new initiatives implemented by Grab’s management, such as Saver Ride-hailing, Food x Mart cross-selling, FlexiLoan and GrabPay, are all with the same goal to increase transaction frequency. This should drive tremendous upside to Grab’s MTUs/revenue as users ride up the frequency curve.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d9ca6dd5df747e99b0d9696ff7cacccc\" alt=\"Grab&#39;s ATUs is 3x higher than its MTUs (Grab)\" title=\"Grab&#39;s ATUs is 3x higher than its MTUs (Grab)\" tg-width=\"480\" tg-height=\"288\"/><span>Grab&#39;s ATUs is 3x higher than its MTUs (Grab)</span></p><h3 id=\"id_920859467\">Incentives moving sideways with positive OP around the corner and Growing FCF</h3><p>Grab has been loss making at operating level since debuted on Nasdaq in 2021. This was mainly due to ample incentives offered to partners, like drivers and merchants, and consumers, to enhance stickiness. While Grab was still in red in 3Q24, the good news was that Grab’s operating losses have been narrowing with its increased scale and improved synergies.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/89de3fd0fcf9b3353e1d091ba016f247\" alt=\"Grab&#39;s operating profit trend (Seeking Alpha)\" title=\"Grab&#39;s operating profit trend (Seeking Alpha)\" tg-width=\"628\" tg-height=\"197\"/><span>Grab&#39;s operating profit trend (Seeking Alpha)</span></p><p>Absolute incentives came off from the peak of $583m in 4Q21 to a recent low of $381 million in 3Q23, but it has been rising slowly in the last couple of quarters, driven by new initiatives like affordability push, advanced booking and GrabExecutive. I don’t foresee a big decline in incentives in near term as management focuses a lot on topline and frequency growth, but it has stated clearly during the result conference call that a very balanced approach will be taken in growing the topline/frequency but also driving profitability at the same time.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/1850e58404d503357b2431b8cd4c9fc4\" alt=\"Grab&#39;s incentives is growing less than GMV (Grab)\" title=\"Grab&#39;s incentives is growing less than GMV (Grab)\" tg-width=\"480\" tg-height=\"288\"/><span>Grab&#39;s incentives is growing less than GMV (Grab)</span></p><p>For a long-term investor, free cash flow (FCF) is an important matrix when evaluating a company. Grab had not been generating positive adjusted FCF (mobility + deliveries) until 4Q23, where $4 million was recorded. Adjusted FCF continued to improve thereafter, with $76 million in 9M24. Management is guided to achieve positive adjusted FCF for the full year 2024 likely suggesting another positive FCF in 4Q24.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/de693407f3727c918604b265af25a0d6\" alt=\"Grab&#39;s FCF (GAAP) trend (Grab)\" title=\"Grab&#39;s FCF (GAAP) trend (Grab)\" tg-width=\"624\" tg-height=\"192\"/><span>Grab&#39;s FCF (GAAP) trend (Grab)</span></p><h2 id=\"id_3864167915\">Valuation: DCF value of Mobility and Deliveries are already higher than current market cap</h2><p>I am not an expert in valuing financials or banks. Therefore, the DCF below is purely based on Grab’s Mobility and Deliveries segment and DCF is obviously not an appropriate valuation method for banks and financials. Grab discloses adjusted FCF, a non-GAAP financial matrix that excludes the changes in working capital in relation to loans and deposits in digital banking business. Grab’s adjusted FCF has started picking up since 2Q24 on the back of improving profitability, especially the big earnings beat in 3Q24.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/dcf63fffff65d8f702f84772d5826961\" alt=\"Grab&#39;s adjusted FCF (Grab)\" title=\"Grab&#39;s adjusted FCF (Grab)\" tg-width=\"480\" tg-height=\"288\"/><span>Grab&#39;s adjusted FCF (Grab)</span></p><p>I expect Grab continues to deliver a strong FCF in 4Q24E, taking full year adjusted FCF to $220m. Management has committed to deliver its first positive adjusted FCF since listed. As I believe Grab’s profitability will keep improving in 2025E, I assume Grab’s adjusted FCF to reach $552m ($138 x 4) based on the latest quarterly FCF in 3Q24. From 2026E onwards, I assume Grab’s adjusted FCF to grow 14% every year till 2034. I believe this growth assumption is on the conservative side as Grab’s revenue growth in 9M24 was approximately 19% YoY, and it should accelerate in 2025E. If margin expansion is taken into account, Grab’s adjusted FCF should be growing at &gt;14% growth. In terms of discount rate, Alpha Spread suggests a WACC of 7.8% based on 13.7% cost of debt and 7.7% cost of equity. Considering the higher operational risks in Southeast Asia, such as currency risks, I conservatively use a slightly higher WACC of 10% to reflect the higher risks. With these assumptions, my DCF model suggests a fair value of $5.5/share for Grab or 15% upside from last closing. Bear in mind that this DCF value has not taken into account of the value of Grab’s financial services business, which creates strong synergies with the Mobility and Deliveries business, and it is currently growing rapidly. Therefore, I believe Grab is being undervalued by the market.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/023cbb3b988d247006ff762ab73512d7\" alt=\"Grab&#39;s DCF based on Mobility and Deliveries FCF (Grab &amp; Analyst&#39;s estimates)\" title=\"Grab&#39;s DCF based on Mobility and Deliveries FCF (Grab &amp; Analyst&#39;s estimates)\" tg-width=\"624\" tg-height=\"192\"/><span>Grab&#39;s DCF based on Mobility and Deliveries FCF (Grab &amp; Analyst&#39;s estimates)</span></p><h3 id=\"id_4161799760\">Is Grab substantially more expensive than Uber?</h3><p>Many other analysts look at Price-to-Sales ratio for valuation comparison of Uber and Grab. It seems to be the only viable matrix given Grab is still loss-making at operating level. However, there is one big weakness of using Price-to-Sales on Uber and Grab, which is the lack of incentives disclosure in Uber where incentives are deducted directly from revenue. Hence, the claim of Grab trading at 7.1x vs 3.6x P/S TTM might be inaccurate. I think a slight tweak to use Price-to-GMV could be a fairer valuation matrix when making the comparison. The below table shows the calculated P/GMV ratio. While Grab is trading at a premium to Uber, the valuation premium is not as high as what has been suggested by P/S ratio. If you consider that SE Asia is an under-penetrated market, a lot more room for Grab to grow vs the matured market where Uber is operating, the slight valuation gab looks negligible.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/dc90581ca2719e95d47645ee3968e362\" alt=\"Grab vs Uber on P/GMV (Grab &amp; Analyst estimate)\" title=\"Grab vs Uber on P/GMV (Grab &amp; Analyst estimate)\" tg-width=\"353\" tg-height=\"184\"/><span>Grab vs Uber on P/GMV (Grab &amp; Analyst estimate)</span></p><h3 id=\"id_2555214603\">Further multiple expansion is around the corner if Grab beats consensus again</h3><p>Grab is near the tipping point where its operating profit and full year FCF are about to turn positive. If Grab also manages to beat consensus estimate in 4Q24E (to be released on 21 Feb 2025), I would expect to see valuation multiple re-rating, taking Grab’s share price to a new high. Multiple expansion is always the strongest at inflection point.</p><h2 id=\"id_1536432247\">Downside Risks to my Strong Buy recommendation</h2><p><strong>Faster-than-expected development in Robotaxi – </strong>While I don’t foresee Robotaxi or driverless taxi to pose an immediate threat to Grab due to the less developed road infrastructure in SE Asia, it could be a medium-term threat if Grab is not embracing the technology advancement in time. Uber is a very good example. With its large exposure in the US, Uber’s share price was under pressure in 4Q24 after Tesla announcing its plan in Robotaxi. After that Uber has announced several partnerships including Waymo, WeRide and Cruise to offer autonomous taxis.</p><p><strong>Rising competition in the region </strong>–Grab has a strong presence in SE Asia, but it doesn’t mean there is no competition. Competitors like Gojek and Bolt have their eyes on Grab’s market share. Malicious competition or price war could adversely impact the profitability of Grab.</p><p><strong>Weaker-than-expected economy </strong>– People using Grab for ride-hailing and deliveries are mainly the middle to high-income group. They might cut down spending on taxis and take public transport if they see their jobs at risk due to economic uncertainty.</p><h2 id=\"id_2138456952\">Conclusion</h2><p>Grab, as the Uber in SE Asia, is now at the pivotal moment with operating profit and FCF about to turn positive. I expect valuation multiple to expand when the market sees profits and FCF sustainability in Grab. My DCF model suggests Grab is currently being undervalued as Mobility and Deliveries, without considering the value of Financial Services business, are already worth $5.5/share vs last closing of $4.8. Strong Buy.</p></body></html>","source":"lsy1728464409321","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab This Buying Opportunity Before It Is Gone</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab This Buying Opportunity Before It Is Gone\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-02-12 10:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4756972-grab-this-buying-opportunity-before-it-is-gone><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryRecent share price weakness for Grab offers a good buying opportunity for the upcoming growth, profitability enhancement and FCF improvement.While the company is growing its user base, its ...</p>\n\n<a href=\"https://seekingalpha.com/article/4756972-grab-this-buying-opportunity-before-it-is-gone\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"source_url":"https://seekingalpha.com/article/4756972-grab-this-buying-opportunity-before-it-is-gone","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188026021","content_text":"SummaryRecent share price weakness for Grab offers a good buying opportunity for the upcoming growth, profitability enhancement and FCF improvement.While the company is growing its user base, its strategy of bringing annual transacting users to monthly or even daily through enhanced product offerings and cross-selling drives secular growth.Grab will report its 4Q24 results on 21 Feb. I expect another strong set of results, with its first positive operating profit and further growth in FCF.The current share price of $4.8 appears undervalued; DCF purely based on Mobility and Deliveries suggests a fair value of $5.5/share on conservative assumptions. Strong Buy.Kokkai NgGrab (NASDAQ:GRAB) has been moving sideways YTD after a fantastic run in 4Q24. Compared to Uber (UBER), the closest peer to Grab, Uber has significantly outperformed Grab YTD with share price surging 23.7%. While there doesn’t appear to be any Grab-specific news driving the underperformance, the recent cyber scam incident in Myanmar with a Chinese celebrity and other individuals being kidnapped in Thailand and hustled across the border could be a possible reason. In this article, besides assessing the potential impact of cyber scam in Myanmar/Thailand on Grab, I will also look into Grab's growth strategies and valuation to see if it is a good entry point at the current share price level of $4.8.Negligible impact of the Myanmar/Thailand’s cyber scam incidentFollowing widespread reports of a cyber scam in Myanmar involving trafficking of Chinese actor Xing Wang and a few Chinese individuals going missing and being kidnapped in Thailand, thousands of Chinese tourists have cancelled their travel plan to Thailand for CNY holiday amid growing safety concerns. The Association of Thai Travel Agents (ATTA) estimates Chinese tourists could drop 10-20% in the CNY holiday.There is no doubt that Thailand is one of the key growing markets for Grab. As CEO Anthony Tan highlighted during 3Q24 result conference call, “…it's like the movie, Everybody Loves Raymond. This one is everybody loves Thailand. And there's a lot of people coming in, and we are really blessed to see that strengthening of inbound tourism that's supporting our growth”. In 2023, revenue from Thailand jumped 88% to $205 million, taking up 8.7% of total revenue. While growth in Thailand is remarkable, its importance is significantly lower than Malaysia, Indonesia and Singapore, each taking up >20% of total revenue.Grab's revenue by geographies (Grab)If I assume a worst-case scenario where Thai revenue to fall 20% as suggested by ATTA, this would translate into 1.7% impact on Grab’s total revenue. In reality, the impact will be less than 1.7% as the decline in visitors is unlikely to last for the whole year. In addition, the disclosed geographical revenue ($205m in 2023) includes all business segments. Food deliveries and financial services are theoretically less dependent on tourism. Therefore, the cyber scam in Myanmar and Thailand should not have material impact on Grab’s financial.Strategically paving the way for GrowthGrab’s share price had skyrocketed after releasing a strong 3Q24 result. A quick recap: Grab’s revenue was up 20% YoY (constant currency basis) on the back of an 18% YoY increase in on-demand GMV. This drove Grab’s adjusted EBITDA to hit a quarterly record high of $90m from just $15m in 3Q23. So, what’s driving the exceptional growth for Grab despite keen competition in the market? I think company’s sales strategies play a big role.Mobility – Strong GMV growth plus margin expansion through High-Value Mobility ServiceGrab’s product offerings cover customers from all tiers. Grab’s Saver Delivery and Saver Ride-hailing are the more affordable options for customers who are price sensitive or looking for value. These affordable options helped boost Grab’s Monthly Transacting Users (MTUs) significantly. The 16% YoY growth in Grab’s MTUs in 3Q24 was partly driven by these affordability initiatives.Grab's quarterly MTU growth (Grab)On the other hand, Grab also provides premium services to customers who are willing to pay more for additional comfort or luxury, such as Grab Premium and Grab Executive. GMV growth for high-value mobility ride was impressive at 30% in 3Q24 vs overall mobility GMV growth of 24%. The GMV per ride on high-value mobility ride was 2.4x higher than that of standard, as highlighted by management. Its revenue margin also came in at 1.2x higher, fueling the profit growth of the mobility segment. While the adjusted EBITDA margin was marginally lower at 8.8% in 3Q24 vs 9% in 3Q23 due to rising Saver Mobility offerings, a sequential improvement has been seen vs 8.2% in 2Q24 as contribution from High-Value Mobility offerings increased.Luxury Ride with GrabExecutive (Grab)Deliveries – Accelerating growth driven by Savers Deliveries; Food x Mart Cross-selling to boost Frequency and RetentionGrowth in deliveries GMV has been accelerating from 14% in 2Q24 to 16% in 3Q24 on a constant currency basis. Similar to Mobility, Grab has a balanced approach in growing Saver and Priority Deliveries services. While Savers are more price sensitive, they are more active in re-ordering, with a frequency level nearly double that of non-Savers. Saver Deliveries also sets a lower bar to attract new customers using Grab’s services, boosting growth in Grab’s delivery services. Saver Deliveries took up 32% of total deliveries transactions in 3Q24, from 14% in 3Q23.Grab's Deliveries GMV growth (Grab)As highlighted by management, frequency is important for Deliveries business. And 1/3 of the deliveries today are coming from subscribers. To capture more subscribers, Grab scaled its GrabUnlimited in 3Q24 by launching long-term plans across the six core markets. Management revealed that a GrabUnlimited subscriber is spending 4x more and 3x higher in frequency, driving growth for Grab’s Deliveries. Moreover, Grab is also pushing hard to cross-sell between GrabFood and GrabMart to boost frequency. According to Management, order frequency for a user in both Food and Mart is 4.9x higher than a food-only user. More importantly, this also suggests higher stickiness to the platform, which, I think, is crucial for the success of Grab.GrabFood cross-sells with GrabMart (Grab)Deliveries’ adjusted EBITDA margin increased 0.2ppts YoY to 1.8% in 3Q24 on improved monetization of the Food business and increased contribution from advertising. While adverting revenue only accounted for 1.6% of Grab’s Deliveries GMV in 3Q24 vs 1.4% in 2Q24 and 1.1% in 3Q23, I believe Grab has taken a right step to enhance the profitability of its Deliveries business as advertising margins are high. Management is committed to achieve the long term adjusted EBITDA margin target of 4%+ for its Deliveries business, suggesting margins upside in the next couple of quarters.Grab's long-term adjusted EBITDA margin guidance (Grab)Financial services – Deal with BYD fuels the growth of the segmentGrab’s financial business has been growing robustly, with loan disbursal rising 38% YoY in 3Q24 to a record high of $567 million. Netting expected credit loss allowances, Grab’s loan portfolio jumped 81% YoY to $498 million. Unlike traditional banks targeting individuals with strong credit history, Grab’s leading business primarily serves the users and merchants on the platform. With the launch of digital banks (GXBank, GSX Bank and Superbank in Malaysia, Singapore and Indonesia respectively) since 2023, it has also started to focus on people who are underbanked or unbanked. Management estimates that 2/3 of the population in SE Asia are either unbanked or underbanked suggesting enormous growth potential.Grab's robust loan & deposit growth (Grab)While the financial services business segment is still loss-making, its adjustment EBITDA losses narrowed 27% YoY to $26 million in 3Q24 on rising revenue base and operating leverage. The rising bank deposits across the three digital banks, surpassing $1bn in 3Q24, also provides Grab with a low cost of funding.Loan growth momentum has been strong, but do we need to concern about non-performing loans (NPLs)? Management revealed that its 90-days NPLs were stable at 2% which is surprisingly low for a fintech lender. Global banks typically have NPL ratios around 1-2% while emerging market banks, fintech & alternative lenders could have NPL ratios of 3-7%. This reflects Grab’s strong ability in assessing its users’ or merchants’ credibility through their order and sales data on the platform.Deal with BYD fuels additional growth for Grab’s loan businessBYD (OTCPK:BYDDY) announced on 15 Jan 2025 that it entered into an EV supply partnership with Grab, supplying up to 50,000 BYD’s EV for Grab’s driver partners across SE Asia. According to the announcement, drivers will have the option of renting the EVs from Grab or opting for financing supporting through Grab’s car ownership scheme. While it didn’t specify who will provide the financing, it is very likely that Grab’s financial services unit will underwrite loans to drivers who would like to join the ownership scheme. To Grab, this generates additional loan interest income on top of the mobility revenue, demonstrating strong synergy between business segments.Grab and BYD partnership on 50,000 BYD EV Supply in SE Asia (BYD/Grab)BYD has agreed to supply vehicles at the most competitive rates. I have made a guesstimate by digging out the price range of the mentioned models including Denza D9, BYD Atto3, BYD Seal, and BYD M6. Assuming BYD will supply 50,000 vehicles, total value could be $2.1bn. While not some drivers would opt for renting from Grab, the potential size of car loan opportunity for Grab could still be over $400m if I conservatively assume 20% of the driver would opt for car ownership program. This is already comparable to Grab’s loan portfolio of $498m in 3Q24, suggesting significant room for loan growth.Loan growth potential from BYD partnership (Analyst's estimate)Grab’s MTUs have room for further upsideDespite being a leader in ride-hailing and food delivery in SE Asia, Grab’s MTUs as a percentage of total population in SE Asia was only 5 (41.9m users) in 3Q24. Management revealed on a results conference call that its annual transacting users (ATUs) was much higher at 15% (approx. 105m users). This suggests that many new users are just occasionally using Grab’s services instead of using it every month. I believe the new initiatives implemented by Grab’s management, such as Saver Ride-hailing, Food x Mart cross-selling, FlexiLoan and GrabPay, are all with the same goal to increase transaction frequency. This should drive tremendous upside to Grab’s MTUs/revenue as users ride up the frequency curve.Grab's ATUs is 3x higher than its MTUs (Grab)Incentives moving sideways with positive OP around the corner and Growing FCFGrab has been loss making at operating level since debuted on Nasdaq in 2021. This was mainly due to ample incentives offered to partners, like drivers and merchants, and consumers, to enhance stickiness. While Grab was still in red in 3Q24, the good news was that Grab’s operating losses have been narrowing with its increased scale and improved synergies.Grab's operating profit trend (Seeking Alpha)Absolute incentives came off from the peak of $583m in 4Q21 to a recent low of $381 million in 3Q23, but it has been rising slowly in the last couple of quarters, driven by new initiatives like affordability push, advanced booking and GrabExecutive. I don’t foresee a big decline in incentives in near term as management focuses a lot on topline and frequency growth, but it has stated clearly during the result conference call that a very balanced approach will be taken in growing the topline/frequency but also driving profitability at the same time.Grab's incentives is growing less than GMV (Grab)For a long-term investor, free cash flow (FCF) is an important matrix when evaluating a company. Grab had not been generating positive adjusted FCF (mobility + deliveries) until 4Q23, where $4 million was recorded. Adjusted FCF continued to improve thereafter, with $76 million in 9M24. Management is guided to achieve positive adjusted FCF for the full year 2024 likely suggesting another positive FCF in 4Q24.Grab's FCF (GAAP) trend (Grab)Valuation: DCF value of Mobility and Deliveries are already higher than current market capI am not an expert in valuing financials or banks. Therefore, the DCF below is purely based on Grab’s Mobility and Deliveries segment and DCF is obviously not an appropriate valuation method for banks and financials. Grab discloses adjusted FCF, a non-GAAP financial matrix that excludes the changes in working capital in relation to loans and deposits in digital banking business. Grab’s adjusted FCF has started picking up since 2Q24 on the back of improving profitability, especially the big earnings beat in 3Q24.Grab's adjusted FCF (Grab)I expect Grab continues to deliver a strong FCF in 4Q24E, taking full year adjusted FCF to $220m. Management has committed to deliver its first positive adjusted FCF since listed. As I believe Grab’s profitability will keep improving in 2025E, I assume Grab’s adjusted FCF to reach $552m ($138 x 4) based on the latest quarterly FCF in 3Q24. From 2026E onwards, I assume Grab’s adjusted FCF to grow 14% every year till 2034. I believe this growth assumption is on the conservative side as Grab’s revenue growth in 9M24 was approximately 19% YoY, and it should accelerate in 2025E. If margin expansion is taken into account, Grab’s adjusted FCF should be growing at >14% growth. In terms of discount rate, Alpha Spread suggests a WACC of 7.8% based on 13.7% cost of debt and 7.7% cost of equity. Considering the higher operational risks in Southeast Asia, such as currency risks, I conservatively use a slightly higher WACC of 10% to reflect the higher risks. With these assumptions, my DCF model suggests a fair value of $5.5/share for Grab or 15% upside from last closing. Bear in mind that this DCF value has not taken into account of the value of Grab’s financial services business, which creates strong synergies with the Mobility and Deliveries business, and it is currently growing rapidly. Therefore, I believe Grab is being undervalued by the market.Grab's DCF based on Mobility and Deliveries FCF (Grab & Analyst's estimates)Is Grab substantially more expensive than Uber?Many other analysts look at Price-to-Sales ratio for valuation comparison of Uber and Grab. It seems to be the only viable matrix given Grab is still loss-making at operating level. However, there is one big weakness of using Price-to-Sales on Uber and Grab, which is the lack of incentives disclosure in Uber where incentives are deducted directly from revenue. Hence, the claim of Grab trading at 7.1x vs 3.6x P/S TTM might be inaccurate. I think a slight tweak to use Price-to-GMV could be a fairer valuation matrix when making the comparison. The below table shows the calculated P/GMV ratio. While Grab is trading at a premium to Uber, the valuation premium is not as high as what has been suggested by P/S ratio. If you consider that SE Asia is an under-penetrated market, a lot more room for Grab to grow vs the matured market where Uber is operating, the slight valuation gab looks negligible.Grab vs Uber on P/GMV (Grab & Analyst estimate)Further multiple expansion is around the corner if Grab beats consensus againGrab is near the tipping point where its operating profit and full year FCF are about to turn positive. If Grab also manages to beat consensus estimate in 4Q24E (to be released on 21 Feb 2025), I would expect to see valuation multiple re-rating, taking Grab’s share price to a new high. Multiple expansion is always the strongest at inflection point.Downside Risks to my Strong Buy recommendationFaster-than-expected development in Robotaxi – While I don’t foresee Robotaxi or driverless taxi to pose an immediate threat to Grab due to the less developed road infrastructure in SE Asia, it could be a medium-term threat if Grab is not embracing the technology advancement in time. Uber is a very good example. With its large exposure in the US, Uber’s share price was under pressure in 4Q24 after Tesla announcing its plan in Robotaxi. After that Uber has announced several partnerships including Waymo, WeRide and Cruise to offer autonomous taxis.Rising competition in the region –Grab has a strong presence in SE Asia, but it doesn’t mean there is no competition. Competitors like Gojek and Bolt have their eyes on Grab’s market share. Malicious competition or price war could adversely impact the profitability of Grab.Weaker-than-expected economy – People using Grab for ride-hailing and deliveries are mainly the middle to high-income group. They might cut down spending on taxis and take public transport if they see their jobs at risk due to economic uncertainty.ConclusionGrab, as the Uber in SE Asia, is now at the pivotal moment with operating profit and FCF about to turn positive. I expect valuation multiple to expand when the market sees profits and FCF sustainability in Grab. My DCF model suggests Grab is currently being undervalued as Mobility and Deliveries, without considering the value of Financial Services business, are already worth $5.5/share vs last closing of $4.8. Strong Buy.","news_type":1,"symbols_score_info":{"GRAB":1.1}},"isVote":1,"tweetType":1,"viewCount":2812,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9991829247,"gmtCreate":1660809336291,"gmtModify":1676536403758,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"Do people still follow Wave theory now? You kidding me?","listText":"Do people still follow Wave theory now? You kidding me?","text":"Do people still follow Wave theory now? You kidding me?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991829247","repostId":"2260828546","repostType":2,"isVote":1,"tweetType":1,"viewCount":1333,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9021113815,"gmtCreate":1653011801037,"gmtModify":1676535207935,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"In Singapore,&nbsp; this car is called Ah Nio.","listText":"In Singapore,&nbsp; this car is called Ah Nio.","text":"In Singapore, this car is called Ah Nio.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9021113815","repostId":"1127589935","repostType":2,"repost":{"id":"1127589935","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1653009528,"share":"https://ttm.financial/m/news/1127589935?lang=en_US&edition=fundamental","pubTime":"2022-05-20 09:18","market":"sg","language":"en","title":"NIO Debuts in Singapore as the First Auto Company Listed on Three Exchanges","url":"https://stock-news.laohu8.com/highlight/detail?id=1127589935","media":"Tiger Newspress","summary":"On May 20, 2022, NIO successfully listed its Class A ordinary shares on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST) under the stock code \"NIO\", making NIO the first au","content":"<html><head></head><body><p>On May 20, 2022, NIO successfully listed its Class A ordinary shares on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST) under the stock code &#34;NIO&#34;, making NIO the first auto company listed on three Exchanges and the first Chinese company listed in the United States, Hong Kong and Singapore. NIO opens USD16.9，its market cap USD33.23B.</p><p><img src=\"https://static.tigerbbs.com/a194acc8c00d27763aa4d754ccc4faa8\" tg-width=\"821\" tg-height=\"822\" referrerpolicy=\"no-referrer\"/></p><p>&#34;Today marks a new milestone for NIO. The listing on the SGX is of great importance to NIO&#39;s global business development. NIO has further strengthened its footing in the global capital markets with Singapore&#39;s strategic significance. Moreover, we will also leverage Singapore&#39;s advantageous position as an international financial and technology center. By collaborating with science and research institutions and establishing NIO&#39;s R&amp;D center for AI and AD in Singapore, we will further broaden and enhance our global R&amp;D footprint,&#34; said William Li, founder, chairman and chief executive officer of NIO.</p><p>--------------------------</p><p>NIO Inc. is a global smart electric vehicle company. Founded on November 25, 2014, NIO’s mission is to shape a joyful lifestyle by offering high-performance smart electric vehicles and being the best user enterprise. NIO has established R&amp;D centers, manufacturing, sales and service facilities in Shanghai, Hefei, Beijing, Nanjing, San Jose, Munich, Oxford, Oslo and other places. NIO has initially set up the user service network with nationwide coverage in China and began its global market entry since 2021.</p><p>In 2015, NIO Formula E team won the inaugural FIA Formula E Drivers&#39; Championship. In 2016, NIO launched the EP9, one of the world&#39;s fastest electric vehicles. In 2017, NIO unveiled its vision car, EVE. On June 28, 2018, NIO began deliveries of the ES8, a 7-seater high-performance flagship smart electric SUV. On September 12, 2018, NIO went public on New York Exchange (NYSE). On March 10, 2022, NIO listed on the Main Board of the Stock Exchange of Hong Kong (HKEX).</p><p>On May 20, 2022, NIO listed on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST).</p><p>From 2018 to 2021, NIO delivered 11,348, 20,565, 43,728 and 91,429 electric vehicles, respectively. As of May 15, 2022, the cumulative delivery of NIO&#39;s mass-produced vehicles exceeded 200,000 units.</p><p>For the year ended December 31, 2019, 2020 and 2021, the company had total revenue of RMB7.82 billion, RMB16.26 billion and RMB36.14 billion, total gross margin of -15.3%, 11.5% and 18.9%, and net loss of RMB11.3 billion, RMB5.3 billion and RMB4.0 billion respectively.</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NIO Debuts in Singapore as the First Auto Company Listed on Three Exchanges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNIO Debuts in Singapore as the First Auto Company Listed on Three Exchanges\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-05-20 09:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>On May 20, 2022, NIO successfully listed its Class A ordinary shares on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST) under the stock code &#34;NIO&#34;, making NIO the first auto company listed on three Exchanges and the first Chinese company listed in the United States, Hong Kong and Singapore. NIO opens USD16.9，its market cap USD33.23B.</p><p><img src=\"https://static.tigerbbs.com/a194acc8c00d27763aa4d754ccc4faa8\" tg-width=\"821\" tg-height=\"822\" referrerpolicy=\"no-referrer\"/></p><p>&#34;Today marks a new milestone for NIO. The listing on the SGX is of great importance to NIO&#39;s global business development. NIO has further strengthened its footing in the global capital markets with Singapore&#39;s strategic significance. Moreover, we will also leverage Singapore&#39;s advantageous position as an international financial and technology center. By collaborating with science and research institutions and establishing NIO&#39;s R&amp;D center for AI and AD in Singapore, we will further broaden and enhance our global R&amp;D footprint,&#34; said William Li, founder, chairman and chief executive officer of NIO.</p><p>--------------------------</p><p>NIO Inc. is a global smart electric vehicle company. Founded on November 25, 2014, NIO’s mission is to shape a joyful lifestyle by offering high-performance smart electric vehicles and being the best user enterprise. NIO has established R&amp;D centers, manufacturing, sales and service facilities in Shanghai, Hefei, Beijing, Nanjing, San Jose, Munich, Oxford, Oslo and other places. NIO has initially set up the user service network with nationwide coverage in China and began its global market entry since 2021.</p><p>In 2015, NIO Formula E team won the inaugural FIA Formula E Drivers&#39; Championship. In 2016, NIO launched the EP9, one of the world&#39;s fastest electric vehicles. In 2017, NIO unveiled its vision car, EVE. On June 28, 2018, NIO began deliveries of the ES8, a 7-seater high-performance flagship smart electric SUV. On September 12, 2018, NIO went public on New York Exchange (NYSE). On March 10, 2022, NIO listed on the Main Board of the Stock Exchange of Hong Kong (HKEX).</p><p>On May 20, 2022, NIO listed on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST).</p><p>From 2018 to 2021, NIO delivered 11,348, 20,565, 43,728 and 91,429 electric vehicles, respectively. As of May 15, 2022, the cumulative delivery of NIO&#39;s mass-produced vehicles exceeded 200,000 units.</p><p>For the year ended December 31, 2019, 2020 and 2021, the company had total revenue of RMB7.82 billion, RMB16.26 billion and RMB36.14 billion, total gross margin of -15.3%, 11.5% and 18.9%, and net loss of RMB11.3 billion, RMB5.3 billion and RMB4.0 billion respectively.</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","NIO.SI":"蔚来"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127589935","content_text":"On May 20, 2022, NIO successfully listed its Class A ordinary shares on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST) under the stock code \"NIO\", making NIO the first auto company listed on three Exchanges and the first Chinese company listed in the United States, Hong Kong and Singapore. NIO opens USD16.9，its market cap USD33.23B.\"Today marks a new milestone for NIO. The listing on the SGX is of great importance to NIO's global business development. NIO has further strengthened its footing in the global capital markets with Singapore's strategic significance. Moreover, we will also leverage Singapore's advantageous position as an international financial and technology center. By collaborating with science and research institutions and establishing NIO's R&D center for AI and AD in Singapore, we will further broaden and enhance our global R&D footprint,\" said William Li, founder, chairman and chief executive officer of NIO.--------------------------NIO Inc. is a global smart electric vehicle company. Founded on November 25, 2014, NIO’s mission is to shape a joyful lifestyle by offering high-performance smart electric vehicles and being the best user enterprise. NIO has established R&D centers, manufacturing, sales and service facilities in Shanghai, Hefei, Beijing, Nanjing, San Jose, Munich, Oxford, Oslo and other places. NIO has initially set up the user service network with nationwide coverage in China and began its global market entry since 2021.In 2015, NIO Formula E team won the inaugural FIA Formula E Drivers' Championship. In 2016, NIO launched the EP9, one of the world's fastest electric vehicles. In 2017, NIO unveiled its vision car, EVE. On June 28, 2018, NIO began deliveries of the ES8, a 7-seater high-performance flagship smart electric SUV. On September 12, 2018, NIO went public on New York Exchange (NYSE). On March 10, 2022, NIO listed on the Main Board of the Stock Exchange of Hong Kong (HKEX).On May 20, 2022, NIO listed on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST).From 2018 to 2021, NIO delivered 11,348, 20,565, 43,728 and 91,429 electric vehicles, respectively. As of May 15, 2022, the cumulative delivery of NIO's mass-produced vehicles exceeded 200,000 units.For the year ended December 31, 2019, 2020 and 2021, the company had total revenue of RMB7.82 billion, RMB16.26 billion and RMB36.14 billion, total gross margin of -15.3%, 11.5% and 18.9%, and net loss of RMB11.3 billion, RMB5.3 billion and RMB4.0 billion respectively.","news_type":1,"symbols_score_info":{"NIO":0.9,"NIO.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":962,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9066068418,"gmtCreate":1651822295534,"gmtModify":1676534978457,"author":{"id":"4097763827236320","authorId":"4097763827236320","name":"BangkokBali","avatar":"https://community-static.tradeup.com/news/f17ddb9914fec9178579e05f9c29afb2","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4097763827236320","idStr":"4097763827236320"},"themes":[],"htmlText":"It's time to burn...","listText":"It's time to burn...","text":"It's time to burn...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9066068418","repostId":"2233184399","repostType":2,"isVote":1,"tweetType":1,"viewCount":1235,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}