$微软(MSFT)$ This wasn’t a “one-quarter surprise” story. Azure and Copilot demand stayed strong, supply is the real constraint. The target price was trimmed for one reason: AI capex is higher than expected. But the conclusion didn’t change — more spending doesn’t mean weaker business, it means AI is moving deeper into the core.
This could be one of the most undervalued stocks in SG this half year
$LMS Compliance(LMS.SI)$ The base case is simple: compliance demand is mandatory, not cyclical. What stands out in this initiation note: Testing is the base: high repeat business (85%+), lab testing dominates revenue (FY24: 93.6%) ESG is the growth layer: Singapore’s mandatory climate disclosures (from FY2025) and Malaysia’s phased rollout expand third-party assurance demand Financials are clean: FY24 net margin 20.5%, EBITDA ma
Gold & Silver Are Soaring – New Bull or Fool’s Rally? 🐂🤔 Precious metals have been on a tear lately. Gold hit a multi-year high and silver isn’t far behind. Some folks are calling this the start of a shiny new bull market💫, while others warn it’s just a flash in the pan. As an investor, it’s that classic FOMO vs. caution dilemma: jump on the bandwagon or wait and see? One minute I’m ready to pile in, the next I remember how many times I’ve been burned chasing hype 😅. It’s exciting but also nerve-wracking – nobody wants to be left holding fool’s gold if things turn south.
The quarter itself was clean. Growth, margins and cash flow stayed on track. The real variable now is the WBD acquisition — not growth, but whether the deal reshapes the structure.$奈飞(NFLX)$
Tencent is fixing the base, not chasing a new story
$腾讯控股(00700)$ $腾讯控股ADR(TCEHY)$ This earnings preview isn’t about valuation. Games and ads keep the base steady. AI shows up mainly as efficiency inside WeChat and ads. No sudden catalyst — just gradual margin work.
Zhipu AI just IPO’d, and compute is still the bottleneck
$智谱(02513)$ Zhipu AI has just gone public. Discussion focuses on models and tech. At this stage, the picture is pretty clear: revenue is growing, usage is expanding, but compute costs remain heavy.
$小鹏汽车-W(09868)$ $小鹏汽车(XPEV)$ XPeng securing L3 road-testing approval, crossing a 20% gross margin, and doubling annual volume all point to one thing — technology is starting to translate into scale.
$香港交易所(00388)$ HKEX earnings move with turnover, and market liquidity in Hong Kong has clearly shifted into a higher range. IPO activity is back, southbound flows are strong, and derivatives volumes remain supportive. The real question isn’t what drove 2025 — it’s how long this high-liquidity regime can last.
$泡泡玛特(09992)$ Overseas revenue is scaling faster than domestic, margins are higher, and IPs are being replicated across regions and channels. @Tiger_SG