ATH的个人主页 - 老虎社区

ATH

ATH

暂无个人介绍

IP属地：未知

646关注

20粉丝

0主题

0勋章

2021-11-27

$United Microelectronics(UMC)$hope for the good run

2021-11-24

$Sea Ltd(SE)$continue to free fall or gonna stop?

2021-11-19

Getting inflated..

Nvidia shares rose more than 3% to a new high<blockquote>英伟达股价涨超3%创新高</blockquote>

2021-11-18

Gonna wipe out all recent gain..

Alibaba slid nearly 3% in premarket trading as it missed quarterly revenue expectations<blockquote>阿里巴巴-SW盘前交易下跌近3%，因季度营收未达预期</blockquote>

2021-11-11

$NVIDIA Corp(NVDA)$Up

2021-11-09

$Sea Ltd(SE)$waiting

2021-11-08

$United Microelectronics(UMC)$hope ok

2021-11-07

$Alphabet(GOOG)$continue to march

2021-11-04

$Tiger Brokers(TIGR)$positives can be seen no where near

2021-11-04

$NVIDIA Corp(NVDA)$well.. doing good

2021-11-04

$S&P500 ETF(SPY)$Waiting FED

2021-11-02

$Alibaba(BABA)$Shall see u next move

2021-11-02

$Tesla Motors(TSLA)$omg super strong

2021-10-31

$Apple(AAPL)$Here we go!

2021-10-31

$NVIDIA Corp(NVDA)$good to see you

2021-10-30

$Meta Platforms, Inc.(FB)$good to see you running

2021-10-28

$Shopify(SHOP)$bounce back

2021-10-28

$NVIDIA Corp(NVDA)$keep it up!

2021-10-27

$Tiger Brokers(TIGR)$when you going to stop?

2021-10-26

$NVIDIA Corp(NVDA)$let's go

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3571101263855262","uuid":"3571101263855262","gmtCreate":1608007240764,"gmtModify":1612307518040,"name":"ATH","pinyin":"ath","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":20,"headSize":646,"tweetSize":203,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":3,"name":"书生虎","nameTw":"書生虎","represent":"努力向上","factor":"发布10条非转发主帖,其中5条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"228c86a078844d74991fff2b7ab2428d-3","templateUuid":"228c86a078844d74991fff2b7ab2428d","name":"投资合伙人虎","description":"证券账户累计交易金额达到100万美元","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.02.06","exceedPercentage":"93.39%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"35ec162348d5460f88c959321e554969-3","templateUuid":"35ec162348d5460f88c959321e554969","name":"传说交易员","description":"证券或期货账户累计交易次数达到300次","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.03.25","exceedPercentage":"93.02%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-1","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"出道虎友","description":"加入老虎社区500天","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.04.30","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":12,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":877554623,"gmtCreate":1637952819049,"gmtModify":1637952819226,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/UMC\">$United Microelectronics(UMC)$</a>hope for the good run","listText":"<a href=\"https://laohu8.com/S/UMC\">$United Microelectronics(UMC)$</a>hope for the good run","text":"$United Microelectronics(UMC)$hope for the good run","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/877554623","isVote":1,"tweetType":1,"viewCount":3542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875784803,"gmtCreate":1637689974706,"gmtModify":1637689974877,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a>continue to free fall or gonna stop?","listText":"<a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a>continue to free fall or gonna stop?","text":"$Sea Ltd(SE)$continue to free fall or gonna stop?","images":[{"img":"https://static.tigerbbs.com/2a21344120cfb1b4d3a887ff810caff8","width":"1080","height":"3339"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/875784803","isVote":1,"tweetType":1,"viewCount":3600,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":876436050,"gmtCreate":1637337180299,"gmtModify":1637337291429,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"Getting inflated..","listText":"Getting inflated..","text":"Getting inflated..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/876436050","repostId":"1154597314","repostType":4,"repost":{"id":"1154597314","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":1637334223,"share":"https://www.laohu8.com/m/news/1154597314?lang=zh_CN&edition=full","pubTime":"2021-11-19 23:03","market":"us","language":"en","title":"Nvidia shares rose more than 3% to a new high<blockquote>英伟达股价涨超3%创新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154597314","media":"Tiger Newspress","summary":"Nvidia shares rose more than 3% to a new high.One of the most anticipated companies to report earnings this week, Nvidia once again beat consensus. NVDA stock’s popularity has skyrocketed and now trades like a meme.","content":"<p>Nvidia shares rose more than 3% to a new high.One of the most anticipated companies to report earnings this week, Nvidia once again beat consensus. NVDA stock’s popularity has skyrocketed and now trades like a meme.</p><p><blockquote>英伟达股价涨超3%，再创新高。作为本周公布财报的最受期待的公司之一，英伟达再次超出了市场预期。NVDA股票的受欢迎程度飙升，现在的交易就像一种模因。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c21969667d27e754ab8088731dcce7d0\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","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>Nvidia shares rose more than 3% to a new high<blockquote>英伟达股价涨超3%创新高</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nNvidia shares rose more than 3% to a new high<blockquote>英伟达股价涨超3%创新高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\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 smaller\">2021-11-19 23:03</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Nvidia shares rose more than 3% to a new high.One of the most anticipated companies to report earnings this week, Nvidia once again beat consensus. NVDA stock’s popularity has skyrocketed and now trades like a meme.</p><p><blockquote>英伟达股价涨超3%，再创新高。作为本周公布财报的最受期待的公司之一，英伟达再次超出了市场预期。NVDA股票的受欢迎程度飙升，现在的交易就像一种模因。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c21969667d27e754ab8088731dcce7d0\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154597314","content_text":"Nvidia shares rose more than 3% to a new high.One of the most anticipated companies to report earnings this week, Nvidia once again beat consensus. NVDA stock’s popularity has skyrocketed and now trades like a meme.","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":2962,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878764339,"gmtCreate":1637235134766,"gmtModify":1637235134878,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"Gonna wipe out all recent gain..","listText":"Gonna wipe out all recent gain..","text":"Gonna wipe out all recent gain..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/878764339","repostId":"1133708327","repostType":4,"repost":{"id":"1133708327","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":1637234916,"share":"https://www.laohu8.com/m/news/1133708327?lang=zh_CN&edition=full","pubTime":"2021-11-18 19:28","market":"us","language":"en","title":"Alibaba slid nearly 3% in premarket trading as it missed quarterly revenue expectations<blockquote>阿里巴巴-SW盘前交易下跌近3%，因季度营收未达预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1133708327","media":"Tiger Newspress","summary":"Alibaba slid nearly 3% in premarket trading after posting its financial report.The company today ann","content":"<p>Alibaba slid nearly 3% in premarket trading after posting its financial report.<img src=\"https://static.tigerbbs.com/bb8e39181e945f890528b0e2f1c00b82\" tg-width=\"777\" tg-height=\"569\" referrerpolicy=\"no-referrer\">The&nbsp;company&nbsp;today announced its financial results for the quarter ended September 30, 2021.</p><p><blockquote>阿里巴巴-SW发布财务报告后，盘前交易中下跌近3%。该公司今天公布了截至2021年9月30日的季度财务业绩。</blockquote></p><p> “This quarter, Alibaba continued to firmly invest into our three strategic pillars of domestic consumption, globalization, and cloud computing to establish solid foundations for our long-term goal of sustainable growth in the future,”&nbsp;said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group.&nbsp;“Our global annual active consumers across the Alibaba Ecosystem reached approximately 1.24 billion, with a quarterly net increase of 62 million consumers, and we are on track to achieve our longer-term target of serving two billion consumers globally.”</p><p><blockquote>“本季度，阿里巴巴-SW继续坚定投资于我们的国内消费、全球化和云计算三大战略支柱，为我们未来可持续增长的长期目标奠定坚实基础，”阿里巴巴-SW集团董事长兼首席执行官张勇表示，“我们在阿里巴巴-SW生态系统中的全球年度活跃消费者达到约12.4亿，季度净增6200万消费者，我们有望实现在全球服务20亿消费者的长期目标。”</blockquote></p><p> “We recorded revenue growth of 29% year-over-year, driven by performance of our diversified businesses,” said Maggie Wu, Chief Financial Officer of Alibaba Group. “During this quarter, our continued investments in key strategic areas have resulted in robust growth for these young businesses.”</p><p><blockquote>阿里巴巴-SW集团首席财务官Maggie Wu表示：“在多元化业务业绩的推动下，我们的收入同比增长了29%。”“本季度，我们在关键战略领域的持续投资为这些年轻企业带来了强劲增长。”</blockquote></p><p> <b>BUSINESS HIGHLIGHTS</b></p><p><blockquote><b>业务亮点</b></blockquote></p><p> <b>In the quarter ended September 30, 2021:</b></p><p><blockquote><b>截至2021年9月30日的季度：</b></blockquote></p><p> <ul>  <li><b>Revenue</b>&nbsp;was RMB200,690 million (US$31,147 million), an increase of 29% year-over-year. Excluding the consolidation of Sun Art, our revenue would have grown 16% year-over-year to RMB180,438 million (US$28,004 million). Aggregate revenue of our international commerce retail and international commerce wholesale was RMB15,092 million (US$2,342 million), an increase of 34% year-over-year. Our cloud computing revenue was RMB20,007 million (US$3,105 million), an increase of 33% year-over-year.</li>  <li><b>Annual active consumers</b>(“AACs”) of the Alibaba Ecosystem across the world reached approximately 1.24 billion for the twelve months ended September 30, 2021, an increase of approximately 62 million from the twelve months ended June 30, 2021. This includes 953 million consumers in China and 285 million consumers overseas, representing a quarterly net increase of 41 million and 20 million, respectively.</li>  <li><b>Income</b>&nbsp;<b>from operations</b>&nbsp;was RMB15,006 million (US$2,329 million), an increase of 10% year-over-year due to a RMB15,690 million decrease in share-based compensation expense related to Ant Group share-based awards granted to our employees. We excluded share-based compensation expense from our non-GAAP measurements.<b>Adjusted EBITDA</b>, a non-GAAP measurement, decreased 27% year-over-year to RMB34,840 million (US$5,407 million).<b>Adjusted EBITA</b>, a non-GAAP measurement, decreased 32% year-over-year to RMB28,033 million (US$4,351 million). The year-over-year decreases were primarily due to our increased investments in key strategic areas that have exhibited robust growth in operations, as well as our support to merchants. These investments in key strategic areas within our commerce segment, such as Taobao Deals, Local Consumer Services, Community Marketplaces and Lazada, increased by RMB12,575 million year-over-year. Excluding the impact of these investments, profits of our commerce segment would have remained stable year-over-year.</li>  <li><b>Net income attributable to ordinary shareholders</b>&nbsp;was RMB5,367 million (US$833 million)and<b>net income</b>was RMB3,377 million (US$524 million).<b>Non-GAAP net income</b>was RMB28,524 million (US$4,427 million), a decrease of 39% year-over-year.</li>  <li><b>Diluted earnings per ADS</b>&nbsp;was RMB1.97 (US$0.31) and<b>diluted earnings per share</b>was RMB0.25 (US$0.04 or HK$0.30).<b>Non-GAAP diluted earnings per ADS</b>was RMB11.20 (US$1.74), a decrease of 38% year-over-year and<b>non-GAAP diluted earnings per share</b>was RMB1.40 (US$0.22 or HK$1.68), a decrease of 38% year-over-year.</li>  <li><b>Net cash provided by operating activities</b>&nbsp;was RMB35,830 million (US$5,561 million).<b>Non-GAAP free cash flow</b>was RMB22,239 million (US$3,451 million), a decrease compared to RMB40,540 million in the same quarter of 2020, mainly due to a decrease in profit as a result of our increased investments in key strategic areas.</li> </ul> Reconciliations of GAAP measures to non-GAAP measures presented above are included at the end of this results announcement.</p><p><blockquote><ul><li><b>收入</b>为人民币2006.9亿元（311.47亿美元），同比增长29%。如果不包括合并高鑫，我们的收入将同比增长16%至人民币1,804.38亿元（280.04亿美元）。我们的国际商务零售和国际商务批发总收入为人民币150.92亿元（23.42亿美元），同比增长34%。我们的云计算收入为人民币200.07亿元（31.05亿美元），同比增长33%。</li><li><b>年度活跃消费者</b>截至2021年9月30日止十二个月，全球阿里巴巴-SW生态系统（“AACs”）的用户数达到约12.4亿，较截至2021年6月30日止十二个月增加约6200万。其中包括9.53亿中国消费者和2.85亿海外消费者，季度净增分别为4100万和2000万。</li><li><b>收入</b> <b>来自运营</b>为人民币150.06亿元（23.29亿美元），同比增长10%，原因是与授予员工的蚂蚁集团股权奖励相关的股权激励费用减少人民币156.90亿元。我们从非公认会计准则衡量中排除了基于股份的薪酬费用。<b>调整后EBITDA</b>根据非公认会计准则衡量，同比下降27%至人民币348.4亿元（54.07亿美元）。<b>调整后EBITA</b>根据非公认会计准则衡量，同比下降32%至人民币280.33亿元（43.51亿美元）。同比下降主要是由于我们增加了对运营强劲增长的关键战略领域的投资，以及我们对商家的支持。在淘宝交易、本地消费服务、社区市场和Lazada等商业板块关键战略领域的投资同比增加人民币125.75亿元。排除这些投资的影响，我们商业部门的利润将同比保持稳定。</li><li><b>归属于普通股股东的净利润</b>为人民币53.67亿元（8.33亿美元）及<b>净收入</b>为人民币33.77亿元（5.24亿美元）。<b>非公认会计准则净利润</b>为人民币285.24亿元（44.27亿美元），同比下降39%。</li><li><b>每股美国存托凭证摊薄收益</b>为人民币1.97元（0.31美元）<b>每股摊薄盈利</b>为人民币0.25元（0.04美元或0.30港元）。<b>非公认会计准则每股美国存托凭证摊薄收益</b>为人民币11.20元（1.74美元），同比下降38%<b>非公认会计准则稀释每股收益</b>为人民币1.40元（0.22美元或1.68港元），同比下降38%。</li><li><b>经营活动提供的现金净额</b>为人民币358.3亿元（55.61亿美元）。<b>非公认会计准则自由现金流</b>为人民币222.39亿元（34.51亿美元），较2020年同季度的人民币405.40亿元有所下降，主要是由于我们增加对关键战略领域的投资导致利润下降。</li></ul>上述GAAP指标与非GAAP指标的调节表包含在本业绩公告的末尾。</blockquote></p><p> <b>Guidance</b></p><p><blockquote><b>指导</b></blockquote></p><p> The&nbsp;company expected its fiscal year 2022 revenue to grow 20% to 23% year-over-year.</p><p><blockquote>该公司预计2022财年营收同比增长20%至23%。</blockquote></p><p></p>","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 slid nearly 3% in premarket trading as it missed quarterly revenue expectations<blockquote>阿里巴巴-SW盘前交易下跌近3%，因季度营收未达预期</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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 slid nearly 3% in premarket trading as it missed quarterly revenue expectations<blockquote>阿里巴巴-SW盘前交易下跌近3%，因季度营收未达预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\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 smaller\">2021-11-18 19:28</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Alibaba slid nearly 3% in premarket trading after posting its financial report.<img src=\"https://static.tigerbbs.com/bb8e39181e945f890528b0e2f1c00b82\" tg-width=\"777\" tg-height=\"569\" referrerpolicy=\"no-referrer\">The&nbsp;company&nbsp;today announced its financial results for the quarter ended September 30, 2021.</p><p><blockquote>阿里巴巴-SW发布财务报告后，盘前交易中下跌近3%。该公司今天公布了截至2021年9月30日的季度财务业绩。</blockquote></p><p> “This quarter, Alibaba continued to firmly invest into our three strategic pillars of domestic consumption, globalization, and cloud computing to establish solid foundations for our long-term goal of sustainable growth in the future,”&nbsp;said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group.&nbsp;“Our global annual active consumers across the Alibaba Ecosystem reached approximately 1.24 billion, with a quarterly net increase of 62 million consumers, and we are on track to achieve our longer-term target of serving two billion consumers globally.”</p><p><blockquote>“本季度，阿里巴巴-SW继续坚定投资于我们的国内消费、全球化和云计算三大战略支柱，为我们未来可持续增长的长期目标奠定坚实基础，”阿里巴巴-SW集团董事长兼首席执行官张勇表示，“我们在阿里巴巴-SW生态系统中的全球年度活跃消费者达到约12.4亿，季度净增6200万消费者，我们有望实现在全球服务20亿消费者的长期目标。”</blockquote></p><p> “We recorded revenue growth of 29% year-over-year, driven by performance of our diversified businesses,” said Maggie Wu, Chief Financial Officer of Alibaba Group. “During this quarter, our continued investments in key strategic areas have resulted in robust growth for these young businesses.”</p><p><blockquote>阿里巴巴-SW集团首席财务官Maggie Wu表示：“在多元化业务业绩的推动下，我们的收入同比增长了29%。”“本季度，我们在关键战略领域的持续投资为这些年轻企业带来了强劲增长。”</blockquote></p><p> <b>BUSINESS HIGHLIGHTS</b></p><p><blockquote><b>业务亮点</b></blockquote></p><p> <b>In the quarter ended September 30, 2021:</b></p><p><blockquote><b>截至2021年9月30日的季度：</b></blockquote></p><p> <ul>  <li><b>Revenue</b>&nbsp;was RMB200,690 million (US$31,147 million), an increase of 29% year-over-year. Excluding the consolidation of Sun Art, our revenue would have grown 16% year-over-year to RMB180,438 million (US$28,004 million). Aggregate revenue of our international commerce retail and international commerce wholesale was RMB15,092 million (US$2,342 million), an increase of 34% year-over-year. Our cloud computing revenue was RMB20,007 million (US$3,105 million), an increase of 33% year-over-year.</li>  <li><b>Annual active consumers</b>(“AACs”) of the Alibaba Ecosystem across the world reached approximately 1.24 billion for the twelve months ended September 30, 2021, an increase of approximately 62 million from the twelve months ended June 30, 2021. This includes 953 million consumers in China and 285 million consumers overseas, representing a quarterly net increase of 41 million and 20 million, respectively.</li>  <li><b>Income</b>&nbsp;<b>from operations</b>&nbsp;was RMB15,006 million (US$2,329 million), an increase of 10% year-over-year due to a RMB15,690 million decrease in share-based compensation expense related to Ant Group share-based awards granted to our employees. We excluded share-based compensation expense from our non-GAAP measurements.<b>Adjusted EBITDA</b>, a non-GAAP measurement, decreased 27% year-over-year to RMB34,840 million (US$5,407 million).<b>Adjusted EBITA</b>, a non-GAAP measurement, decreased 32% year-over-year to RMB28,033 million (US$4,351 million). The year-over-year decreases were primarily due to our increased investments in key strategic areas that have exhibited robust growth in operations, as well as our support to merchants. These investments in key strategic areas within our commerce segment, such as Taobao Deals, Local Consumer Services, Community Marketplaces and Lazada, increased by RMB12,575 million year-over-year. Excluding the impact of these investments, profits of our commerce segment would have remained stable year-over-year.</li>  <li><b>Net income attributable to ordinary shareholders</b>&nbsp;was RMB5,367 million (US$833 million)and<b>net income</b>was RMB3,377 million (US$524 million).<b>Non-GAAP net income</b>was RMB28,524 million (US$4,427 million), a decrease of 39% year-over-year.</li>  <li><b>Diluted earnings per ADS</b>&nbsp;was RMB1.97 (US$0.31) and<b>diluted earnings per share</b>was RMB0.25 (US$0.04 or HK$0.30).<b>Non-GAAP diluted earnings per ADS</b>was RMB11.20 (US$1.74), a decrease of 38% year-over-year and<b>non-GAAP diluted earnings per share</b>was RMB1.40 (US$0.22 or HK$1.68), a decrease of 38% year-over-year.</li>  <li><b>Net cash provided by operating activities</b>&nbsp;was RMB35,830 million (US$5,561 million).<b>Non-GAAP free cash flow</b>was RMB22,239 million (US$3,451 million), a decrease compared to RMB40,540 million in the same quarter of 2020, mainly due to a decrease in profit as a result of our increased investments in key strategic areas.</li> </ul> Reconciliations of GAAP measures to non-GAAP measures presented above are included at the end of this results announcement.</p><p><blockquote><ul><li><b>收入</b>为人民币2006.9亿元（311.47亿美元），同比增长29%。如果不包括合并高鑫，我们的收入将同比增长16%至人民币1,804.38亿元（280.04亿美元）。我们的国际商务零售和国际商务批发总收入为人民币150.92亿元（23.42亿美元），同比增长34%。我们的云计算收入为人民币200.07亿元（31.05亿美元），同比增长33%。</li><li><b>年度活跃消费者</b>截至2021年9月30日止十二个月，全球阿里巴巴-SW生态系统（“AACs”）的用户数达到约12.4亿，较截至2021年6月30日止十二个月增加约6200万。其中包括9.53亿中国消费者和2.85亿海外消费者，季度净增分别为4100万和2000万。</li><li><b>收入</b> <b>来自运营</b>为人民币150.06亿元（23.29亿美元），同比增长10%，原因是与授予员工的蚂蚁集团股权奖励相关的股权激励费用减少人民币156.90亿元。我们从非公认会计准则衡量中排除了基于股份的薪酬费用。<b>调整后EBITDA</b>根据非公认会计准则衡量，同比下降27%至人民币348.4亿元（54.07亿美元）。<b>调整后EBITA</b>根据非公认会计准则衡量，同比下降32%至人民币280.33亿元（43.51亿美元）。同比下降主要是由于我们增加了对运营强劲增长的关键战略领域的投资，以及我们对商家的支持。在淘宝交易、本地消费服务、社区市场和Lazada等商业板块关键战略领域的投资同比增加人民币125.75亿元。排除这些投资的影响，我们商业部门的利润将同比保持稳定。</li><li><b>归属于普通股股东的净利润</b>为人民币53.67亿元（8.33亿美元）及<b>净收入</b>为人民币33.77亿元（5.24亿美元）。<b>非公认会计准则净利润</b>为人民币285.24亿元（44.27亿美元），同比下降39%。</li><li><b>每股美国存托凭证摊薄收益</b>为人民币1.97元（0.31美元）<b>每股摊薄盈利</b>为人民币0.25元（0.04美元或0.30港元）。<b>非公认会计准则每股美国存托凭证摊薄收益</b>为人民币11.20元（1.74美元），同比下降38%<b>非公认会计准则稀释每股收益</b>为人民币1.40元（0.22美元或1.68港元），同比下降38%。</li><li><b>经营活动提供的现金净额</b>为人民币358.3亿元（55.61亿美元）。<b>非公认会计准则自由现金流</b>为人民币222.39亿元（34.51亿美元），较2020年同季度的人民币405.40亿元有所下降，主要是由于我们增加对关键战略领域的投资导致利润下降。</li></ul>上述GAAP指标与非GAAP指标的调节表包含在本业绩公告的末尾。</blockquote></p><p> <b>Guidance</b></p><p><blockquote><b>指导</b></blockquote></p><p> The&nbsp;company expected its fiscal year 2022 revenue to grow 20% to 23% year-over-year.</p><p><blockquote>该公司预计2022财年营收同比增长20%至23%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133708327","content_text":"Alibaba slid nearly 3% in premarket trading after posting its financial report.The company today announced its financial results for the quarter ended September 30, 2021.\n“This quarter, Alibaba continued to firmly invest into our three strategic pillars of domestic consumption, globalization, and cloud computing to establish solid foundations for our long-term goal of sustainable growth in the future,” said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. “Our global annual active consumers across the Alibaba Ecosystem reached approximately 1.24 billion, with a quarterly net increase of 62 million consumers, and we are on track to achieve our longer-term target of serving two billion consumers globally.”\n“We recorded revenue growth of 29% year-over-year, driven by performance of our diversified businesses,” said Maggie Wu, Chief Financial Officer of Alibaba Group. “During this quarter, our continued investments in key strategic areas have resulted in robust growth for these young businesses.”\nBUSINESS HIGHLIGHTS\nIn the quarter ended September 30, 2021:\n\nRevenue was RMB200,690 million (US$31,147 million), an increase of 29% year-over-year. Excluding the consolidation of Sun Art, our revenue would have grown 16% year-over-year to RMB180,438 million (US$28,004 million). Aggregate revenue of our international commerce retail and international commerce wholesale was RMB15,092 million (US$2,342 million), an increase of 34% year-over-year. Our cloud computing revenue was RMB20,007 million (US$3,105 million), an increase of 33% year-over-year.\nAnnual active consumers(“AACs”) of the Alibaba Ecosystem across the world reached approximately 1.24 billion for the twelve months ended September 30, 2021, an increase of approximately 62 million from the twelve months ended June 30, 2021. This includes 953 million consumers in China and 285 million consumers overseas, representing a quarterly net increase of 41 million and 20 million, respectively.\nIncome from operations was RMB15,006 million (US$2,329 million), an increase of 10% year-over-year due to a RMB15,690 million decrease in share-based compensation expense related to Ant Group share-based awards granted to our employees. We excluded share-based compensation expense from our non-GAAP measurements.Adjusted EBITDA, a non-GAAP measurement, decreased 27% year-over-year to RMB34,840 million (US$5,407 million).Adjusted EBITA, a non-GAAP measurement, decreased 32% year-over-year to RMB28,033 million (US$4,351 million). The year-over-year decreases were primarily due to our increased investments in key strategic areas that have exhibited robust growth in operations, as well as our support to merchants. These investments in key strategic areas within our commerce segment, such as Taobao Deals, Local Consumer Services, Community Marketplaces and Lazada, increased by RMB12,575 million year-over-year. Excluding the impact of these investments, profits of our commerce segment would have remained stable year-over-year.\nNet income attributable to ordinary shareholders was RMB5,367 million (US$833 million)andnet incomewas RMB3,377 million (US$524 million).Non-GAAP net incomewas RMB28,524 million (US$4,427 million), a decrease of 39% year-over-year.\nDiluted earnings per ADS was RMB1.97 (US$0.31) anddiluted earnings per sharewas RMB0.25 (US$0.04 or HK$0.30).Non-GAAP diluted earnings per ADSwas RMB11.20 (US$1.74), a decrease of 38% year-over-year andnon-GAAP diluted earnings per sharewas RMB1.40 (US$0.22 or HK$1.68), a decrease of 38% year-over-year.\nNet cash provided by operating activities was RMB35,830 million (US$5,561 million).Non-GAAP free cash flowwas RMB22,239 million (US$3,451 million), a decrease compared to RMB40,540 million in the same quarter of 2020, mainly due to a decrease in profit as a result of our increased investments in key strategic areas.\n\nReconciliations of GAAP measures to non-GAAP measures presented above are included at the end of this results announcement.\nGuidance\nThe company expected its fiscal year 2022 revenue to grow 20% to 23% year-over-year.","news_type":1,"symbols_score_info":{"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":1888,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":870574439,"gmtCreate":1636640015746,"gmtModify":1636640016089,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NVDA\">$NVIDIA Corp(NVDA)$</a>Up","listText":"<a href=\"https://laohu8.com/S/NVDA\">$NVIDIA Corp(NVDA)$</a>Up","text":"$NVIDIA Corp(NVDA)$Up","images":[{"img":"https://static.tigerbbs.com/13d36e97525c273470935f813624d39a","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/870574439","isVote":1,"tweetType":1,"viewCount":2662,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":844337934,"gmtCreate":1636387553666,"gmtModify":1636387568735,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a>waiting&nbsp;","listText":"<a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a>waiting&nbsp;","text":"$Sea Ltd(SE)$waiting","images":[{"img":"https://static.tigerbbs.com/3af385c8cec1784589c47942774b906b","width":"1080","height":"2350"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/844337934","isVote":1,"tweetType":1,"viewCount":2232,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":844049409,"gmtCreate":1636380208879,"gmtModify":1636380209218,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/UMC\">$United Microelectronics(UMC)$</a>hope ok","listText":"<a href=\"https://laohu8.com/S/UMC\">$United Microelectronics(UMC)$</a>hope ok","text":"$United Microelectronics(UMC)$hope ok","images":[{"img":"https://static.tigerbbs.com/201ec4930d01ffb4a97c2c3f886e990e","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/844049409","isVote":1,"tweetType":1,"viewCount":2811,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":842422892,"gmtCreate":1636233067028,"gmtModify":1636233067296,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/GOOG\">$Alphabet(GOOG)$</a>continue to march&nbsp;","listText":"<a href=\"https://laohu8.com/S/GOOG\">$Alphabet(GOOG)$</a>continue to march&nbsp;","text":"$Alphabet(GOOG)$continue to march","images":[{"img":"https://static.tigerbbs.com/5c344c7878581cc28f41612bd46f829b","width":"1080","height":"2437"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/842422892","isVote":1,"tweetType":1,"viewCount":2191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":846931194,"gmtCreate":1636038634013,"gmtModify":1636038643932,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>positives can be seen no where near","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>positives can be seen no where near","text":"$Tiger Brokers(TIGR)$positives can be seen no where near","images":[{"img":"https://static.tigerbbs.com/a314b166557b4c2b671f7489c9f9a476","width":"1080","height":"2350"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/846931194","isVote":1,"tweetType":1,"viewCount":2360,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":846930790,"gmtCreate":1636038543755,"gmtModify":1636038544093,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NVDA\">$NVIDIA Corp(NVDA)$</a>well.. doing good","listText":"<a href=\"https://laohu8.com/S/NVDA\">$NVIDIA Corp(NVDA)$</a>well.. doing good","text":"$NVIDIA Corp(NVDA)$well.. doing good","images":[{"img":"https://static.tigerbbs.com/7c40b5ace28402194e7147012f005975","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/846930790","isVote":1,"tweetType":1,"viewCount":2774,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":848308812,"gmtCreate":1635959433280,"gmtModify":1635959477460,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SPY\">$S&amp;P500 ETF(SPY)$</a>Waiting FED","listText":"<a href=\"https://laohu8.com/S/SPY\">$S&amp;P500 ETF(SPY)$</a>Waiting FED","text":"$S&P500 ETF(SPY)$Waiting FED","images":[{"img":"https://static.tigerbbs.com/56704895ace2da746d123bbfd0d1af96","width":"1080","height":"2350"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848308812","isVote":1,"tweetType":1,"viewCount":1019,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":841911790,"gmtCreate":1635867722385,"gmtModify":1635867722510,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>Shall see u next move","listText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>Shall see u next move","text":"$Alibaba(BABA)$Shall see u next move","images":[{"img":"https://static.tigerbbs.com/83ea993786e71ec94017291780bb4d3c","width":"1080","height":"2437"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/841911790","isVote":1,"tweetType":1,"viewCount":1060,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":843051267,"gmtCreate":1635784067076,"gmtModify":1635784067213,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>omg super strong","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>omg super strong","text":"$Tesla Motors(TSLA)$omg super strong","images":[{"img":"https://static.tigerbbs.com/a3dd9376ead59756e805e5fc0b0e4bcc","width":"1080","height":"2350"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/843051267","isVote":1,"tweetType":1,"viewCount":672,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":840768204,"gmtCreate":1635690091406,"gmtModify":1635690091500,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Here we go!","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Here we go!","text":"$Apple(AAPL)$Here we go!","images":[{"img":"https://static.tigerbbs.com/61a58e550ae5f0837c7cd2595c5273d8","width":"1080","height":"2437"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/840768204","isVote":1,"tweetType":1,"viewCount":1053,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":840761148,"gmtCreate":1635689970342,"gmtModify":1635689970496,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NVDA\">$NVIDIA Corp(NVDA)$</a>good to see you","listText":"<a href=\"https://laohu8.com/S/NVDA\">$NVIDIA Corp(NVDA)$</a>good to see you","text":"$NVIDIA Corp(NVDA)$good to see you","images":[{"img":"https://static.tigerbbs.com/c01767955269798e9209cb51a2df2adb","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/840761148","isVote":1,"tweetType":1,"viewCount":852,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":857208307,"gmtCreate":1635525036770,"gmtModify":1635525036870,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/FB\">$Meta Platforms, Inc.(FB)$</a>good to see you running","listText":"<a href=\"https://laohu8.com/S/FB\">$Meta Platforms, Inc.(FB)$</a>good to see you running","text":"$Meta Platforms, Inc.(FB)$good to see you running","images":[{"img":"https://static.tigerbbs.com/8fec6924be7623bb91d08abb6cbaa333","width":"1080","height":"2350"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/857208307","isVote":1,"tweetType":1,"viewCount":1099,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":854847831,"gmtCreate":1635436205692,"gmtModify":1635436206061,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SHOP\">$Shopify(SHOP)$</a>bounce back","listText":"<a href=\"https://laohu8.com/S/SHOP\">$Shopify(SHOP)$</a>bounce back","text":"$Shopify(SHOP)$bounce back","images":[{"img":"https://static.tigerbbs.com/d295fa3156dbe8bd0b2816bb7a8d23ab","width":"1080","height":"2350"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/854847831","isVote":1,"tweetType":1,"viewCount":449,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":854384806,"gmtCreate":1635420172745,"gmtModify":1635420173059,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NVDA\">$NVIDIA Corp(NVDA)$</a>keep it up!","listText":"<a href=\"https://laohu8.com/S/NVDA\">$NVIDIA Corp(NVDA)$</a>keep it up!","text":"$NVIDIA Corp(NVDA)$keep it up!","images":[{"img":"https://static.tigerbbs.com/dc8d723d8f8fbec197d0d8231940e470","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/854384806","isVote":1,"tweetType":1,"viewCount":471,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":855360202,"gmtCreate":1635337386689,"gmtModify":1635337386831,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>when you going to stop?","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>when you going to stop?","text":"$Tiger Brokers(TIGR)$when you going to stop?","images":[{"img":"https://static.tigerbbs.com/70499854b6337421206122ca11a089ee","width":"1080","height":"3426"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/855360202","isVote":1,"tweetType":1,"viewCount":383,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":852347795,"gmtCreate":1635247375925,"gmtModify":1635247376276,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NVDA\">$NVIDIA Corp(NVDA)$</a>let's go","listText":"<a href=\"https://laohu8.com/S/NVDA\">$NVIDIA Corp(NVDA)$</a>let's go","text":"$NVIDIA Corp(NVDA)$let's go","images":[{"img":"https://static.tigerbbs.com/58c6b27415a07e0b9fd23249d43c9a24","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/852347795","isVote":1,"tweetType":1,"viewCount":267,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0}],"hots":[{"id":878764339,"gmtCreate":1637235134766,"gmtModify":1637235134878,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"Gonna wipe out all recent gain..","listText":"Gonna wipe out all recent gain..","text":"Gonna wipe out all recent gain..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/878764339","repostId":"1133708327","repostType":4,"repost":{"id":"1133708327","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":1637234916,"share":"https://www.laohu8.com/m/news/1133708327?lang=zh_CN&edition=full","pubTime":"2021-11-18 19:28","market":"us","language":"en","title":"Alibaba slid nearly 3% in premarket trading as it missed quarterly revenue expectations<blockquote>阿里巴巴-SW盘前交易下跌近3%，因季度营收未达预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1133708327","media":"Tiger Newspress","summary":"Alibaba slid nearly 3% in premarket trading after posting its financial report.The company today ann","content":"<p>Alibaba slid nearly 3% in premarket trading after posting its financial report.<img src=\"https://static.tigerbbs.com/bb8e39181e945f890528b0e2f1c00b82\" tg-width=\"777\" tg-height=\"569\" referrerpolicy=\"no-referrer\">The&nbsp;company&nbsp;today announced its financial results for the quarter ended September 30, 2021.</p><p><blockquote>阿里巴巴-SW发布财务报告后，盘前交易中下跌近3%。该公司今天公布了截至2021年9月30日的季度财务业绩。</blockquote></p><p> “This quarter, Alibaba continued to firmly invest into our three strategic pillars of domestic consumption, globalization, and cloud computing to establish solid foundations for our long-term goal of sustainable growth in the future,”&nbsp;said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group.&nbsp;“Our global annual active consumers across the Alibaba Ecosystem reached approximately 1.24 billion, with a quarterly net increase of 62 million consumers, and we are on track to achieve our longer-term target of serving two billion consumers globally.”</p><p><blockquote>“本季度，阿里巴巴-SW继续坚定投资于我们的国内消费、全球化和云计算三大战略支柱，为我们未来可持续增长的长期目标奠定坚实基础，”阿里巴巴-SW集团董事长兼首席执行官张勇表示，“我们在阿里巴巴-SW生态系统中的全球年度活跃消费者达到约12.4亿，季度净增6200万消费者，我们有望实现在全球服务20亿消费者的长期目标。”</blockquote></p><p> “We recorded revenue growth of 29% year-over-year, driven by performance of our diversified businesses,” said Maggie Wu, Chief Financial Officer of Alibaba Group. “During this quarter, our continued investments in key strategic areas have resulted in robust growth for these young businesses.”</p><p><blockquote>阿里巴巴-SW集团首席财务官Maggie Wu表示：“在多元化业务业绩的推动下，我们的收入同比增长了29%。”“本季度，我们在关键战略领域的持续投资为这些年轻企业带来了强劲增长。”</blockquote></p><p> <b>BUSINESS HIGHLIGHTS</b></p><p><blockquote><b>业务亮点</b></blockquote></p><p> <b>In the quarter ended September 30, 2021:</b></p><p><blockquote><b>截至2021年9月30日的季度：</b></blockquote></p><p> <ul>  <li><b>Revenue</b>&nbsp;was RMB200,690 million (US$31,147 million), an increase of 29% year-over-year. Excluding the consolidation of Sun Art, our revenue would have grown 16% year-over-year to RMB180,438 million (US$28,004 million). Aggregate revenue of our international commerce retail and international commerce wholesale was RMB15,092 million (US$2,342 million), an increase of 34% year-over-year. Our cloud computing revenue was RMB20,007 million (US$3,105 million), an increase of 33% year-over-year.</li>  <li><b>Annual active consumers</b>(“AACs”) of the Alibaba Ecosystem across the world reached approximately 1.24 billion for the twelve months ended September 30, 2021, an increase of approximately 62 million from the twelve months ended June 30, 2021. This includes 953 million consumers in China and 285 million consumers overseas, representing a quarterly net increase of 41 million and 20 million, respectively.</li>  <li><b>Income</b>&nbsp;<b>from operations</b>&nbsp;was RMB15,006 million (US$2,329 million), an increase of 10% year-over-year due to a RMB15,690 million decrease in share-based compensation expense related to Ant Group share-based awards granted to our employees. We excluded share-based compensation expense from our non-GAAP measurements.<b>Adjusted EBITDA</b>, a non-GAAP measurement, decreased 27% year-over-year to RMB34,840 million (US$5,407 million).<b>Adjusted EBITA</b>, a non-GAAP measurement, decreased 32% year-over-year to RMB28,033 million (US$4,351 million). The year-over-year decreases were primarily due to our increased investments in key strategic areas that have exhibited robust growth in operations, as well as our support to merchants. These investments in key strategic areas within our commerce segment, such as Taobao Deals, Local Consumer Services, Community Marketplaces and Lazada, increased by RMB12,575 million year-over-year. Excluding the impact of these investments, profits of our commerce segment would have remained stable year-over-year.</li>  <li><b>Net income attributable to ordinary shareholders</b>&nbsp;was RMB5,367 million (US$833 million)and<b>net income</b>was RMB3,377 million (US$524 million).<b>Non-GAAP net income</b>was RMB28,524 million (US$4,427 million), a decrease of 39% year-over-year.</li>  <li><b>Diluted earnings per ADS</b>&nbsp;was RMB1.97 (US$0.31) and<b>diluted earnings per share</b>was RMB0.25 (US$0.04 or HK$0.30).<b>Non-GAAP diluted earnings per ADS</b>was RMB11.20 (US$1.74), a decrease of 38% year-over-year and<b>non-GAAP diluted earnings per share</b>was RMB1.40 (US$0.22 or HK$1.68), a decrease of 38% year-over-year.</li>  <li><b>Net cash provided by operating activities</b>&nbsp;was RMB35,830 million (US$5,561 million).<b>Non-GAAP free cash flow</b>was RMB22,239 million (US$3,451 million), a decrease compared to RMB40,540 million in the same quarter of 2020, mainly due to a decrease in profit as a result of our increased investments in key strategic areas.</li> </ul> Reconciliations of GAAP measures to non-GAAP measures presented above are included at the end of this results announcement.</p><p><blockquote><ul><li><b>收入</b>为人民币2006.9亿元（311.47亿美元），同比增长29%。如果不包括合并高鑫，我们的收入将同比增长16%至人民币1,804.38亿元（280.04亿美元）。我们的国际商务零售和国际商务批发总收入为人民币150.92亿元（23.42亿美元），同比增长34%。我们的云计算收入为人民币200.07亿元（31.05亿美元），同比增长33%。</li><li><b>年度活跃消费者</b>截至2021年9月30日止十二个月，全球阿里巴巴-SW生态系统（“AACs”）的用户数达到约12.4亿，较截至2021年6月30日止十二个月增加约6200万。其中包括9.53亿中国消费者和2.85亿海外消费者，季度净增分别为4100万和2000万。</li><li><b>收入</b> <b>来自运营</b>为人民币150.06亿元（23.29亿美元），同比增长10%，原因是与授予员工的蚂蚁集团股权奖励相关的股权激励费用减少人民币156.90亿元。我们从非公认会计准则衡量中排除了基于股份的薪酬费用。<b>调整后EBITDA</b>根据非公认会计准则衡量，同比下降27%至人民币348.4亿元（54.07亿美元）。<b>调整后EBITA</b>根据非公认会计准则衡量，同比下降32%至人民币280.33亿元（43.51亿美元）。同比下降主要是由于我们增加了对运营强劲增长的关键战略领域的投资，以及我们对商家的支持。在淘宝交易、本地消费服务、社区市场和Lazada等商业板块关键战略领域的投资同比增加人民币125.75亿元。排除这些投资的影响，我们商业部门的利润将同比保持稳定。</li><li><b>归属于普通股股东的净利润</b>为人民币53.67亿元（8.33亿美元）及<b>净收入</b>为人民币33.77亿元（5.24亿美元）。<b>非公认会计准则净利润</b>为人民币285.24亿元（44.27亿美元），同比下降39%。</li><li><b>每股美国存托凭证摊薄收益</b>为人民币1.97元（0.31美元）<b>每股摊薄盈利</b>为人民币0.25元（0.04美元或0.30港元）。<b>非公认会计准则每股美国存托凭证摊薄收益</b>为人民币11.20元（1.74美元），同比下降38%<b>非公认会计准则稀释每股收益</b>为人民币1.40元（0.22美元或1.68港元），同比下降38%。</li><li><b>经营活动提供的现金净额</b>为人民币358.3亿元（55.61亿美元）。<b>非公认会计准则自由现金流</b>为人民币222.39亿元（34.51亿美元），较2020年同季度的人民币405.40亿元有所下降，主要是由于我们增加对关键战略领域的投资导致利润下降。</li></ul>上述GAAP指标与非GAAP指标的调节表包含在本业绩公告的末尾。</blockquote></p><p> <b>Guidance</b></p><p><blockquote><b>指导</b></blockquote></p><p> The&nbsp;company expected its fiscal year 2022 revenue to grow 20% to 23% year-over-year.</p><p><blockquote>该公司预计2022财年营收同比增长20%至23%。</blockquote></p><p></p>","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 slid nearly 3% in premarket trading as it missed quarterly revenue expectations<blockquote>阿里巴巴-SW盘前交易下跌近3%，因季度营收未达预期</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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 slid nearly 3% in premarket trading as it missed quarterly revenue expectations<blockquote>阿里巴巴-SW盘前交易下跌近3%，因季度营收未达预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\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 smaller\">2021-11-18 19:28</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Alibaba slid nearly 3% in premarket trading after posting its financial report.<img src=\"https://static.tigerbbs.com/bb8e39181e945f890528b0e2f1c00b82\" tg-width=\"777\" tg-height=\"569\" referrerpolicy=\"no-referrer\">The&nbsp;company&nbsp;today announced its financial results for the quarter ended September 30, 2021.</p><p><blockquote>阿里巴巴-SW发布财务报告后，盘前交易中下跌近3%。该公司今天公布了截至2021年9月30日的季度财务业绩。</blockquote></p><p> “This quarter, Alibaba continued to firmly invest into our three strategic pillars of domestic consumption, globalization, and cloud computing to establish solid foundations for our long-term goal of sustainable growth in the future,”&nbsp;said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group.&nbsp;“Our global annual active consumers across the Alibaba Ecosystem reached approximately 1.24 billion, with a quarterly net increase of 62 million consumers, and we are on track to achieve our longer-term target of serving two billion consumers globally.”</p><p><blockquote>“本季度，阿里巴巴-SW继续坚定投资于我们的国内消费、全球化和云计算三大战略支柱，为我们未来可持续增长的长期目标奠定坚实基础，”阿里巴巴-SW集团董事长兼首席执行官张勇表示，“我们在阿里巴巴-SW生态系统中的全球年度活跃消费者达到约12.4亿，季度净增6200万消费者，我们有望实现在全球服务20亿消费者的长期目标。”</blockquote></p><p> “We recorded revenue growth of 29% year-over-year, driven by performance of our diversified businesses,” said Maggie Wu, Chief Financial Officer of Alibaba Group. “During this quarter, our continued investments in key strategic areas have resulted in robust growth for these young businesses.”</p><p><blockquote>阿里巴巴-SW集团首席财务官Maggie Wu表示：“在多元化业务业绩的推动下，我们的收入同比增长了29%。”“本季度，我们在关键战略领域的持续投资为这些年轻企业带来了强劲增长。”</blockquote></p><p> <b>BUSINESS HIGHLIGHTS</b></p><p><blockquote><b>业务亮点</b></blockquote></p><p> <b>In the quarter ended September 30, 2021:</b></p><p><blockquote><b>截至2021年9月30日的季度：</b></blockquote></p><p> <ul>  <li><b>Revenue</b>&nbsp;was RMB200,690 million (US$31,147 million), an increase of 29% year-over-year. Excluding the consolidation of Sun Art, our revenue would have grown 16% year-over-year to RMB180,438 million (US$28,004 million). Aggregate revenue of our international commerce retail and international commerce wholesale was RMB15,092 million (US$2,342 million), an increase of 34% year-over-year. Our cloud computing revenue was RMB20,007 million (US$3,105 million), an increase of 33% year-over-year.</li>  <li><b>Annual active consumers</b>(“AACs”) of the Alibaba Ecosystem across the world reached approximately 1.24 billion for the twelve months ended September 30, 2021, an increase of approximately 62 million from the twelve months ended June 30, 2021. This includes 953 million consumers in China and 285 million consumers overseas, representing a quarterly net increase of 41 million and 20 million, respectively.</li>  <li><b>Income</b>&nbsp;<b>from operations</b>&nbsp;was RMB15,006 million (US$2,329 million), an increase of 10% year-over-year due to a RMB15,690 million decrease in share-based compensation expense related to Ant Group share-based awards granted to our employees. We excluded share-based compensation expense from our non-GAAP measurements.<b>Adjusted EBITDA</b>, a non-GAAP measurement, decreased 27% year-over-year to RMB34,840 million (US$5,407 million).<b>Adjusted EBITA</b>, a non-GAAP measurement, decreased 32% year-over-year to RMB28,033 million (US$4,351 million). The year-over-year decreases were primarily due to our increased investments in key strategic areas that have exhibited robust growth in operations, as well as our support to merchants. These investments in key strategic areas within our commerce segment, such as Taobao Deals, Local Consumer Services, Community Marketplaces and Lazada, increased by RMB12,575 million year-over-year. Excluding the impact of these investments, profits of our commerce segment would have remained stable year-over-year.</li>  <li><b>Net income attributable to ordinary shareholders</b>&nbsp;was RMB5,367 million (US$833 million)and<b>net income</b>was RMB3,377 million (US$524 million).<b>Non-GAAP net income</b>was RMB28,524 million (US$4,427 million), a decrease of 39% year-over-year.</li>  <li><b>Diluted earnings per ADS</b>&nbsp;was RMB1.97 (US$0.31) and<b>diluted earnings per share</b>was RMB0.25 (US$0.04 or HK$0.30).<b>Non-GAAP diluted earnings per ADS</b>was RMB11.20 (US$1.74), a decrease of 38% year-over-year and<b>non-GAAP diluted earnings per share</b>was RMB1.40 (US$0.22 or HK$1.68), a decrease of 38% year-over-year.</li>  <li><b>Net cash provided by operating activities</b>&nbsp;was RMB35,830 million (US$5,561 million).<b>Non-GAAP free cash flow</b>was RMB22,239 million (US$3,451 million), a decrease compared to RMB40,540 million in the same quarter of 2020, mainly due to a decrease in profit as a result of our increased investments in key strategic areas.</li> </ul> Reconciliations of GAAP measures to non-GAAP measures presented above are included at the end of this results announcement.</p><p><blockquote><ul><li><b>收入</b>为人民币2006.9亿元（311.47亿美元），同比增长29%。如果不包括合并高鑫，我们的收入将同比增长16%至人民币1,804.38亿元（280.04亿美元）。我们的国际商务零售和国际商务批发总收入为人民币150.92亿元（23.42亿美元），同比增长34%。我们的云计算收入为人民币200.07亿元（31.05亿美元），同比增长33%。</li><li><b>年度活跃消费者</b>截至2021年9月30日止十二个月，全球阿里巴巴-SW生态系统（“AACs”）的用户数达到约12.4亿，较截至2021年6月30日止十二个月增加约6200万。其中包括9.53亿中国消费者和2.85亿海外消费者，季度净增分别为4100万和2000万。</li><li><b>收入</b> <b>来自运营</b>为人民币150.06亿元（23.29亿美元），同比增长10%，原因是与授予员工的蚂蚁集团股权奖励相关的股权激励费用减少人民币156.90亿元。我们从非公认会计准则衡量中排除了基于股份的薪酬费用。<b>调整后EBITDA</b>根据非公认会计准则衡量，同比下降27%至人民币348.4亿元（54.07亿美元）。<b>调整后EBITA</b>根据非公认会计准则衡量，同比下降32%至人民币280.33亿元（43.51亿美元）。同比下降主要是由于我们增加了对运营强劲增长的关键战略领域的投资，以及我们对商家的支持。在淘宝交易、本地消费服务、社区市场和Lazada等商业板块关键战略领域的投资同比增加人民币125.75亿元。排除这些投资的影响，我们商业部门的利润将同比保持稳定。</li><li><b>归属于普通股股东的净利润</b>为人民币53.67亿元（8.33亿美元）及<b>净收入</b>为人民币33.77亿元（5.24亿美元）。<b>非公认会计准则净利润</b>为人民币285.24亿元（44.27亿美元），同比下降39%。</li><li><b>每股美国存托凭证摊薄收益</b>为人民币1.97元（0.31美元）<b>每股摊薄盈利</b>为人民币0.25元（0.04美元或0.30港元）。<b>非公认会计准则每股美国存托凭证摊薄收益</b>为人民币11.20元（1.74美元），同比下降38%<b>非公认会计准则稀释每股收益</b>为人民币1.40元（0.22美元或1.68港元），同比下降38%。</li><li><b>经营活动提供的现金净额</b>为人民币358.3亿元（55.61亿美元）。<b>非公认会计准则自由现金流</b>为人民币222.39亿元（34.51亿美元），较2020年同季度的人民币405.40亿元有所下降，主要是由于我们增加对关键战略领域的投资导致利润下降。</li></ul>上述GAAP指标与非GAAP指标的调节表包含在本业绩公告的末尾。</blockquote></p><p> <b>Guidance</b></p><p><blockquote><b>指导</b></blockquote></p><p> The&nbsp;company expected its fiscal year 2022 revenue to grow 20% to 23% year-over-year.</p><p><blockquote>该公司预计2022财年营收同比增长20%至23%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133708327","content_text":"Alibaba slid nearly 3% in premarket trading after posting its financial report.The company today announced its financial results for the quarter ended September 30, 2021.\n“This quarter, Alibaba continued to firmly invest into our three strategic pillars of domestic consumption, globalization, and cloud computing to establish solid foundations for our long-term goal of sustainable growth in the future,” said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. “Our global annual active consumers across the Alibaba Ecosystem reached approximately 1.24 billion, with a quarterly net increase of 62 million consumers, and we are on track to achieve our longer-term target of serving two billion consumers globally.”\n“We recorded revenue growth of 29% year-over-year, driven by performance of our diversified businesses,” said Maggie Wu, Chief Financial Officer of Alibaba Group. “During this quarter, our continued investments in key strategic areas have resulted in robust growth for these young businesses.”\nBUSINESS HIGHLIGHTS\nIn the quarter ended September 30, 2021:\n\nRevenue was RMB200,690 million (US$31,147 million), an increase of 29% year-over-year. Excluding the consolidation of Sun Art, our revenue would have grown 16% year-over-year to RMB180,438 million (US$28,004 million). Aggregate revenue of our international commerce retail and international commerce wholesale was RMB15,092 million (US$2,342 million), an increase of 34% year-over-year. Our cloud computing revenue was RMB20,007 million (US$3,105 million), an increase of 33% year-over-year.\nAnnual active consumers(“AACs”) of the Alibaba Ecosystem across the world reached approximately 1.24 billion for the twelve months ended September 30, 2021, an increase of approximately 62 million from the twelve months ended June 30, 2021. This includes 953 million consumers in China and 285 million consumers overseas, representing a quarterly net increase of 41 million and 20 million, respectively.\nIncome from operations was RMB15,006 million (US$2,329 million), an increase of 10% year-over-year due to a RMB15,690 million decrease in share-based compensation expense related to Ant Group share-based awards granted to our employees. We excluded share-based compensation expense from our non-GAAP measurements.Adjusted EBITDA, a non-GAAP measurement, decreased 27% year-over-year to RMB34,840 million (US$5,407 million).Adjusted EBITA, a non-GAAP measurement, decreased 32% year-over-year to RMB28,033 million (US$4,351 million). The year-over-year decreases were primarily due to our increased investments in key strategic areas that have exhibited robust growth in operations, as well as our support to merchants. These investments in key strategic areas within our commerce segment, such as Taobao Deals, Local Consumer Services, Community Marketplaces and Lazada, increased by RMB12,575 million year-over-year. Excluding the impact of these investments, profits of our commerce segment would have remained stable year-over-year.\nNet income attributable to ordinary shareholders was RMB5,367 million (US$833 million)andnet incomewas RMB3,377 million (US$524 million).Non-GAAP net incomewas RMB28,524 million (US$4,427 million), a decrease of 39% year-over-year.\nDiluted earnings per ADS was RMB1.97 (US$0.31) anddiluted earnings per sharewas RMB0.25 (US$0.04 or HK$0.30).Non-GAAP diluted earnings per ADSwas RMB11.20 (US$1.74), a decrease of 38% year-over-year andnon-GAAP diluted earnings per sharewas RMB1.40 (US$0.22 or HK$1.68), a decrease of 38% year-over-year.\nNet cash provided by operating activities was RMB35,830 million (US$5,561 million).Non-GAAP free cash flowwas RMB22,239 million (US$3,451 million), a decrease compared to RMB40,540 million in the same quarter of 2020, mainly due to a decrease in profit as a result of our increased investments in key strategic areas.\n\nReconciliations of GAAP measures to non-GAAP measures presented above are included at the end of this results announcement.\nGuidance\nThe company expected its fiscal year 2022 revenue to grow 20% to 23% year-over-year.","news_type":1,"symbols_score_info":{"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":1888,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875784803,"gmtCreate":1637689974706,"gmtModify":1637689974877,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a>continue to free fall or gonna stop?","listText":"<a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a>continue to free fall or gonna stop?","text":"$Sea Ltd(SE)$continue to free fall or gonna stop?","images":[{"img":"https://static.tigerbbs.com/2a21344120cfb1b4d3a887ff810caff8","width":"1080","height":"3339"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/875784803","isVote":1,"tweetType":1,"viewCount":3600,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":103360006,"gmtCreate":1619748266105,"gmtModify":1631889103402,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"Future of EV?","listText":"Future of EV?","text":"Future of EV?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/103360006","repostId":"2131534297","repostType":4,"isVote":1,"tweetType":1,"viewCount":332,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":100323597,"gmtCreate":1619582477719,"gmtModify":1634211567182,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>back to 700 level","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>back to 700 level","text":"$Tesla Motors(TSLA)$back to 700 level","images":[{"img":"https://static.tigerbbs.com/6f544d603be13be03f2bdd2cad283008","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/100323597","isVote":1,"tweetType":1,"viewCount":467,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":346780771,"gmtCreate":1618113077393,"gmtModify":1634294843460,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"Big spending. can boost US economy.","listText":"Big spending. can boost US economy.","text":"Big spending. can boost US economy.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/346780771","repostId":"1136941144","repostType":4,"isVote":1,"tweetType":1,"viewCount":357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104684563,"gmtCreate":1620385410852,"gmtModify":1634205620163,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"No doubt..it is a great company","listText":"No doubt..it is a great company","text":"No doubt..it is a great company","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/104684563","repostId":"1157328258","repostType":4,"repost":{"id":"1157328258","kind":"news","pubTimestamp":1620360165,"share":"https://www.laohu8.com/m/news/1157328258?lang=zh_CN&edition=full","pubTime":"2021-05-07 12:02","market":"us","language":"en","title":"Amazon: The Most Clearly Undervalued Company<blockquote>亚马逊：最明显被低估的公司</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1157328258","media":"Seeking alpha","summary":"SummaryAmazon is one of the companies whose growth has not yet reached its limit and not even entere","content":"<p>Summary</p><p><blockquote>总结</blockquote></p><p><ul><li>Amazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase.</li><li>In terms of comparative valuation, AMZN is undervalued against the market.</li><li>DCF-based Amazon stock price target suggests 30% upside potential. But I think this is not even a basic scenario, but a pessimistic scenario.</li></ul>I present my comprehensive Amazon (AMZN) analysis in light of the results of the last quarter.</p><p><blockquote><ul><li>亚马逊是增长尚未达到极限，甚至还没有进入平台期的公司之一。</li><li>就比较估值而言，AMZN相对于市场被低估。</li><li>基于DCF的亚马逊股价目标显示30%的上涨潜力。但我认为这甚至不是一个基本的情景，而是一个悲观的情景。</li></ul>我根据上个季度的业绩对亚马逊（AMZN）进行了全面的分析。</blockquote></p><p>#1 Price vs. Growth</p><p><blockquote>#1价格与增长</blockquote></p><p>First of all, let's assess whether we can statistically state that Amazon's growth has accelerated or slowed down in the last quarter. To do this, let's compare the revenue growth trends of the key segments of the company with and without the results of the last four quarters.</p><p><blockquote>首先，我们来评估一下我们是否可以从统计数据上说明亚马逊上个季度的增长是加速还是放缓。为此，让我们比较一下有和没有过去四个季度业绩的公司关键部门的收入增长趋势。</blockquote></p><p>The dynamics of the 'Online Stores' segment showed a qualitative breakthrough. Without taking into account the last four quarters, a near-linear trend was observed here. Now, it has become exponential:</p><p><blockquote>“在线商店”部分的动态显示出质的突破。在不考虑过去四个季度的情况下，这里观察到了接近线性的趋势。现在，它已经成为指数级增长：</blockquote></p><p><img src=\"https://static.tigerbbs.com/bac49a9df0e5b978dc15e20bedfce3da\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>The 'Third-Party Seller Services' segment - the exponential growth continues:</p><p><blockquote>“第三方卖家服务”细分市场——指数级增长仍在继续：</blockquote></p><p><img src=\"https://static.tigerbbs.com/6b58df42726bc01c8a5e5c2940d0476d\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>The 'Subscription Services' (Amazon Prime) segment - here the acceleration remains, and the result of the last quarter was better than the trend:</p><p><blockquote>“订阅服务”（Amazon Prime）细分市场——这里的加速仍然存在，上个季度的结果好于趋势：</blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>The 'Other' (advertising services) segment has also showed a significant acceleration:<img src=\"https://static.tigerbbs.com/a58095394bdd79d561166a74942a9e55\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote>“其他”（广告服务）部门也显示出显着的加速：</blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>The growth trend of 'Amazon Web Services' has slowed down, but judging by the results of the last quarter, there is a gradual return to the previous trend:</p><p><blockquote>‘Amazon Web Services’的增长趋势有所放缓，但从上个季度的结果来看，有逐渐回归之前的趋势：</blockquote></p><p><img src=\"https://static.tigerbbs.com/07069ccaab37c32eed56da69881e7bce\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>Geographically, Amazon's revenue was also significantly better than the trend:</p><p><blockquote>从地域上看，亚马逊的营收也明显好于趋势：</blockquote></p><p><img src=\"https://static.tigerbbs.com/a1d9246e5c01aac6c62e49ad7cd73e2c\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0e7276161a3d2b2159ab3d727d3cb7d9\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p><i>So, statistically, not subjectively, we should recognize the acceleration of the company's growth</i><i><b>in all key segments</b></i><i>. In my opinion, this is exactly what is expected from Amazon.</i></p><p><blockquote><i>因此，从统计上，而不是主观上，我们应该认识到公司增长的加速</i><i><b>在所有关键细分市场</b></i><i>.在我看来，这正是人们对亚马逊的期望。</i></blockquote></p><p>Further. Over the last 10 years, Amazon's capitalization has been in a qualitative linear relationship with its revenue:</p><p><blockquote>更远地。在过去10年中，亚马逊的资本化与其收入呈定性线性关系：</blockquote></p><p><img src=\"https://static.tigerbbs.com/f105c314902d29dae4d0f0e400aa2245\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>There is also a certain influence of the company's revenue growth rate on its multiples:</p><p><blockquote>公司营收增速对其倍数也有一定影响：</blockquote></p><p><img src=\"https://static.tigerbbs.com/8beca01b5624a15aab79465c580ded6b\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>Based on these two relationships and taking into account the influence of the growth of theM2 money stockin the US, it is possible to build another model that allows us to determine the balanced level of the company's capitalization. In addition, this model allows to model the growth of the company's capitalization based on the current expectations of analysts regarding the company's revenue growth in the next four quarters. Here is this model:</p><p><blockquote>基于这两种关系，并考虑到美国货币存量增长的影响，有可能建立另一个模型，使我们能够确定公司资本化的平衡水平。此外，该模型允许根据分析师当前对公司未来四个季度收入增长的预期来模拟公司资本的增长。这是这个模型：</blockquote></p><p><img src=\"https://static.tigerbbs.com/083fa1dc350e5e54cc7d3145744c9e4c\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/d63f0cff5e0dd83343d26ee90552a033\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p><i>As you can see, firstly, this model indicates that the company's current price is already</i><i><b>below the balanced level</b></i><i>. And secondly, it assumes a</i><i><b>25% growth</b></i><i>in capitalization in the next four quarters.</i></p><p><blockquote><i>正如你所看到的，首先，这个模型表明公司当前的价格已经</i><i><b>低于平衡水平</b></i><i>其次，它假设</i><i><b>25%增长</b></i><i>未来四个季度的资本化。</i></blockquote></p><p>#2 Comparative Valuation</p><p><blockquote>#2比较估值</blockquote></p><p>In the previous block, I modeled Amazon's balanced price based on revenue. What is remarkable is that if we apply the same approach to the comparative valuation of the company using multiples, we will fail. At least I have not been able to find a single revenue-based multiple that would make it possible to successfully compare Amazon to other companies. But the forward P/E (next FY) multiple adjusted by the expected EPS annual growth rate made it possible to find a suitable model:</p><p><blockquote>在上一个模块中，我根据收入对亚马逊的均衡价格进行了建模。值得注意的是，如果我们用同样的方法使用倍数对公司进行比较估值，我们就会失败。至少我还没有找到一个基于收入的倍数来成功地将亚马逊与其他公司进行比较。但根据预期每股收益年增长率调整后的远期市盈率（下一财年）倍数使得找到合适的模型成为可能：</blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/97ac0310bcef622e12c8c21d46979f7e\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8d7573ff8a7fc00719a51042f09fc989\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p><i>As you can see, judging by this multiple, Amazon is significantly undervalued.</i></p><p><blockquote><i>正如你所看到的，从这个倍数来看，亚马逊被严重低估了。</i></blockquote></p><p>#3 Discounted Cash Flow Model</p><p><blockquote>#3贴现现金流模型</blockquote></p><p>When predicting Amazon's revenue for the next decade, I proceeded from the average expectations ofanalysts:</p><p><blockquote>在预测亚马逊未来十年的收入时，我从分析师的平均预期出发：</blockquote></p><p><img src=\"https://static.tigerbbs.com/9f41298db73dbcd92469026cc4e767c4\" tg-width=\"640\" tg-height=\"323\" referrerpolicy=\"no-referrer\"><i>Source: Seeking Alpha Pro</i></p><p><blockquote><i>资料来源：寻求Alpha Pro</i></blockquote></p><p>When predicting the dynamics of Amazon's operating margin, I also proceeded from analysts'expectationsregarding the growth of the company's EPS, and taking into account the gradual increase in the tax rate to 25%. In my opinion, a gradual increase in the operating margin to 8% in the terminal year is a very realistic scenario.</p><p><blockquote>在预测亚马逊营业利润率的动态时，我也从分析师对公司每股收益增长的预期出发，并考虑到税率逐渐提高到25%。在我看来，在终端年将营业利润率逐步提高到8%是一个非常现实的情况。</blockquote></p><p>Here is the calculation of the Weighted Average Cost of Capital:</p><p><blockquote>以下是加权平均资本成本的计算：</blockquote></p><p><img src=\"https://static.tigerbbs.com/759163398701e54efd7cfabd11a0867d\" tg-width=\"480\" tg-height=\"374\" referrerpolicy=\"no-referrer\"><i>Source: Author</i></p><p><blockquote><i>来源：作者</i></blockquote></p><p>Some explanations:</p><p><blockquote>一些解释：</blockquote></p><p><ul><li>In order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.6%).</li><li>I used the currentvalueof the three-year beta coefficient (0.92). For the terminal year, I used Beta equal to 1.</li><li>To calculate the Cost of Debt, I used the interest expense for 2019 and 2020 divided by the debt value for the same years.</li></ul>Here is the model itself:</p><p><blockquote><ul><li>为了计算市场回报率，我使用了equityriskpremium（4.72%）和UST10的当前收益率作为无风险利率（1.6%）。</li><li>我使用了三年贝塔系数的当前值（0.92）。在最后一年，我使用Beta等于1。</li><li>为了计算债务成本，我使用2019年和2020年的利息支出除以同年的债务价值。</li></ul>以下是模型本身：</blockquote></p><p><img src=\"https://static.tigerbbs.com/0df02bca01b3ef74d3b640d95eb00590\" tg-width=\"640\" tg-height=\"528\" referrerpolicy=\"no-referrer\">(In high resolution)</p><p><blockquote>（高分辨率）</blockquote></p><p><i>Source: Author</i></p><p><blockquote><i>来源：作者</i></blockquote></p><p><i>The DCF-based target price of Amazon's shares is $4,280, offering 29% upside.</i></p><p><blockquote><i>亚马逊股票基于DCF的目标价为4,280美元，上涨空间为29%。</i></blockquote></p><p>Final thoughts</p><p><blockquote>最后的想法</blockquote></p><p><ol><li>Amazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase. In a sense, this is a startup with $73 billion cash.</li><li>The fact that Amazon remains in the acceleration phase does not mean that its capitalization is constantly undervalued. But in this case, based on the patterns between the company's capitalization and the parameters of its revenue, we can conclude that the company is<b>undervalued</b>.</li><li>Comparing Amazon to other companies through the prism of expected EPS growth, it must be admitted that the company is<b>much cheaper</b>than the market.</li><li>DCF model based on average expectations analysts indicate a 30% undervaluation. At the start of the year, a similarmodelindicated a 20% undervaluation.</li><li>When you look at Amazon's revenue forecast for the next decade, you realize that the company will face growth problems. But in my opinion,<i>it is better to invest in a company facing growth problems than aging problems</i>.</li></ol></p><p><blockquote><ol><li>亚马逊是增长尚未达到极限，甚至还没有进入平台期的公司之一。从某种意义上说，这是一家拥有730亿美元现金的初创公司。</li><li>亚马逊仍处于加速阶段的事实并不意味着其市值不断被低估。但在这种情况下，根据公司的资本化和收入参数之间的模式，我们可以得出结论，公司是<b>被低估</b>.</li><li>通过预期每股收益增长的棱镜将亚马逊与其他公司进行比较，必须承认该公司是<b>便宜多了</b>比市场。</li><li>基于平均预期的DCF模型分析师表示低估了30%。今年年初，类似的模型显示估值被低估了20%。</li><li>当你看亚马逊未来十年的收入预测时，你会意识到该公司将面临增长问题。但在我看来，<i>投资一家面临增长问题的公司比投资老龄化问题的公司更好</i>.</li></ol></blockquote></p><p></p>","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>Amazon: The Most Clearly Undervalued Company<blockquote>亚马逊：最明显被低估的公司</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nAmazon: The Most Clearly Undervalued Company<blockquote>亚马逊：最明显被低估的公司</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking alpha</strong><span class=\"h-time small\">2021-05-07 12:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Summary</p><p><blockquote>总结</blockquote></p><p><ul><li>Amazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase.</li><li>In terms of comparative valuation, AMZN is undervalued against the market.</li><li>DCF-based Amazon stock price target suggests 30% upside potential. But I think this is not even a basic scenario, but a pessimistic scenario.</li></ul>I present my comprehensive Amazon (AMZN) analysis in light of the results of the last quarter.</p><p><blockquote><ul><li>亚马逊是增长尚未达到极限，甚至还没有进入平台期的公司之一。</li><li>就比较估值而言，AMZN相对于市场被低估。</li><li>基于DCF的亚马逊股价目标显示30%的上涨潜力。但我认为这甚至不是一个基本的情景，而是一个悲观的情景。</li></ul>我根据上个季度的业绩对亚马逊（AMZN）进行了全面的分析。</blockquote></p><p>#1 Price vs. Growth</p><p><blockquote>#1价格与增长</blockquote></p><p>First of all, let's assess whether we can statistically state that Amazon's growth has accelerated or slowed down in the last quarter. To do this, let's compare the revenue growth trends of the key segments of the company with and without the results of the last four quarters.</p><p><blockquote>首先，我们来评估一下我们是否可以从统计数据上说明亚马逊上个季度的增长是加速还是放缓。为此，让我们比较一下有和没有过去四个季度业绩的公司关键部门的收入增长趋势。</blockquote></p><p>The dynamics of the 'Online Stores' segment showed a qualitative breakthrough. Without taking into account the last four quarters, a near-linear trend was observed here. Now, it has become exponential:</p><p><blockquote>“在线商店”部分的动态显示出质的突破。在不考虑过去四个季度的情况下，这里观察到了接近线性的趋势。现在，它已经成为指数级增长：</blockquote></p><p><img src=\"https://static.tigerbbs.com/bac49a9df0e5b978dc15e20bedfce3da\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>The 'Third-Party Seller Services' segment - the exponential growth continues:</p><p><blockquote>“第三方卖家服务”细分市场——指数级增长仍在继续：</blockquote></p><p><img src=\"https://static.tigerbbs.com/6b58df42726bc01c8a5e5c2940d0476d\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>The 'Subscription Services' (Amazon Prime) segment - here the acceleration remains, and the result of the last quarter was better than the trend:</p><p><blockquote>“订阅服务”（Amazon Prime）细分市场——这里的加速仍然存在，上个季度的结果好于趋势：</blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>The 'Other' (advertising services) segment has also showed a significant acceleration:<img src=\"https://static.tigerbbs.com/a58095394bdd79d561166a74942a9e55\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote>“其他”（广告服务）部门也显示出显着的加速：</blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>The growth trend of 'Amazon Web Services' has slowed down, but judging by the results of the last quarter, there is a gradual return to the previous trend:</p><p><blockquote>‘Amazon Web Services’的增长趋势有所放缓，但从上个季度的结果来看，有逐渐回归之前的趋势：</blockquote></p><p><img src=\"https://static.tigerbbs.com/07069ccaab37c32eed56da69881e7bce\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>Geographically, Amazon's revenue was also significantly better than the trend:</p><p><blockquote>从地域上看，亚马逊的营收也明显好于趋势：</blockquote></p><p><img src=\"https://static.tigerbbs.com/a1d9246e5c01aac6c62e49ad7cd73e2c\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0e7276161a3d2b2159ab3d727d3cb7d9\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p><i>So, statistically, not subjectively, we should recognize the acceleration of the company's growth</i><i><b>in all key segments</b></i><i>. In my opinion, this is exactly what is expected from Amazon.</i></p><p><blockquote><i>因此，从统计上，而不是主观上，我们应该认识到公司增长的加速</i><i><b>在所有关键细分市场</b></i><i>.在我看来，这正是人们对亚马逊的期望。</i></blockquote></p><p>Further. Over the last 10 years, Amazon's capitalization has been in a qualitative linear relationship with its revenue:</p><p><blockquote>更远地。在过去10年中，亚马逊的资本化与其收入呈定性线性关系：</blockquote></p><p><img src=\"https://static.tigerbbs.com/f105c314902d29dae4d0f0e400aa2245\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>There is also a certain influence of the company's revenue growth rate on its multiples:</p><p><blockquote>公司营收增速对其倍数也有一定影响：</blockquote></p><p><img src=\"https://static.tigerbbs.com/8beca01b5624a15aab79465c580ded6b\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>Based on these two relationships and taking into account the influence of the growth of theM2 money stockin the US, it is possible to build another model that allows us to determine the balanced level of the company's capitalization. In addition, this model allows to model the growth of the company's capitalization based on the current expectations of analysts regarding the company's revenue growth in the next four quarters. Here is this model:</p><p><blockquote>基于这两种关系，并考虑到美国货币存量增长的影响，有可能建立另一个模型，使我们能够确定公司资本化的平衡水平。此外，该模型允许根据分析师当前对公司未来四个季度收入增长的预期来模拟公司资本的增长。这是这个模型：</blockquote></p><p><img src=\"https://static.tigerbbs.com/083fa1dc350e5e54cc7d3145744c9e4c\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/d63f0cff5e0dd83343d26ee90552a033\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p><i>As you can see, firstly, this model indicates that the company's current price is already</i><i><b>below the balanced level</b></i><i>. And secondly, it assumes a</i><i><b>25% growth</b></i><i>in capitalization in the next four quarters.</i></p><p><blockquote><i>正如你所看到的，首先，这个模型表明公司当前的价格已经</i><i><b>低于平衡水平</b></i><i>其次，它假设</i><i><b>25%增长</b></i><i>未来四个季度的资本化。</i></blockquote></p><p>#2 Comparative Valuation</p><p><blockquote>#2比较估值</blockquote></p><p>In the previous block, I modeled Amazon's balanced price based on revenue. What is remarkable is that if we apply the same approach to the comparative valuation of the company using multiples, we will fail. At least I have not been able to find a single revenue-based multiple that would make it possible to successfully compare Amazon to other companies. But the forward P/E (next FY) multiple adjusted by the expected EPS annual growth rate made it possible to find a suitable model:</p><p><blockquote>在上一个模块中，我根据收入对亚马逊的均衡价格进行了建模。值得注意的是，如果我们用同样的方法使用倍数对公司进行比较估值，我们就会失败。至少我还没有找到一个基于收入的倍数来成功地将亚马逊与其他公司进行比较。但根据预期每股收益年增长率调整后的远期市盈率（下一财年）倍数使得找到合适的模型成为可能：</blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/97ac0310bcef622e12c8c21d46979f7e\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8d7573ff8a7fc00719a51042f09fc989\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p><i>As you can see, judging by this multiple, Amazon is significantly undervalued.</i></p><p><blockquote><i>正如你所看到的，从这个倍数来看，亚马逊被严重低估了。</i></blockquote></p><p>#3 Discounted Cash Flow Model</p><p><blockquote>#3贴现现金流模型</blockquote></p><p>When predicting Amazon's revenue for the next decade, I proceeded from the average expectations ofanalysts:</p><p><blockquote>在预测亚马逊未来十年的收入时，我从分析师的平均预期出发：</blockquote></p><p><img src=\"https://static.tigerbbs.com/9f41298db73dbcd92469026cc4e767c4\" tg-width=\"640\" tg-height=\"323\" referrerpolicy=\"no-referrer\"><i>Source: Seeking Alpha Pro</i></p><p><blockquote><i>资料来源：寻求Alpha Pro</i></blockquote></p><p>When predicting the dynamics of Amazon's operating margin, I also proceeded from analysts'expectationsregarding the growth of the company's EPS, and taking into account the gradual increase in the tax rate to 25%. In my opinion, a gradual increase in the operating margin to 8% in the terminal year is a very realistic scenario.</p><p><blockquote>在预测亚马逊营业利润率的动态时，我也从分析师对公司每股收益增长的预期出发，并考虑到税率逐渐提高到25%。在我看来，在终端年将营业利润率逐步提高到8%是一个非常现实的情况。</blockquote></p><p>Here is the calculation of the Weighted Average Cost of Capital:</p><p><blockquote>以下是加权平均资本成本的计算：</blockquote></p><p><img src=\"https://static.tigerbbs.com/759163398701e54efd7cfabd11a0867d\" tg-width=\"480\" tg-height=\"374\" referrerpolicy=\"no-referrer\"><i>Source: Author</i></p><p><blockquote><i>来源：作者</i></blockquote></p><p>Some explanations:</p><p><blockquote>一些解释：</blockquote></p><p><ul><li>In order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.6%).</li><li>I used the currentvalueof the three-year beta coefficient (0.92). For the terminal year, I used Beta equal to 1.</li><li>To calculate the Cost of Debt, I used the interest expense for 2019 and 2020 divided by the debt value for the same years.</li></ul>Here is the model itself:</p><p><blockquote><ul><li>为了计算市场回报率，我使用了equityriskpremium（4.72%）和UST10的当前收益率作为无风险利率（1.6%）。</li><li>我使用了三年贝塔系数的当前值（0.92）。在最后一年，我使用Beta等于1。</li><li>为了计算债务成本，我使用2019年和2020年的利息支出除以同年的债务价值。</li></ul>以下是模型本身：</blockquote></p><p><img src=\"https://static.tigerbbs.com/0df02bca01b3ef74d3b640d95eb00590\" tg-width=\"640\" tg-height=\"528\" referrerpolicy=\"no-referrer\">(In high resolution)</p><p><blockquote>（高分辨率）</blockquote></p><p><i>Source: Author</i></p><p><blockquote><i>来源：作者</i></blockquote></p><p><i>The DCF-based target price of Amazon's shares is $4,280, offering 29% upside.</i></p><p><blockquote><i>亚马逊股票基于DCF的目标价为4,280美元，上涨空间为29%。</i></blockquote></p><p>Final thoughts</p><p><blockquote>最后的想法</blockquote></p><p><ol><li>Amazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase. In a sense, this is a startup with $73 billion cash.</li><li>The fact that Amazon remains in the acceleration phase does not mean that its capitalization is constantly undervalued. But in this case, based on the patterns between the company's capitalization and the parameters of its revenue, we can conclude that the company is<b>undervalued</b>.</li><li>Comparing Amazon to other companies through the prism of expected EPS growth, it must be admitted that the company is<b>much cheaper</b>than the market.</li><li>DCF model based on average expectations analysts indicate a 30% undervaluation. At the start of the year, a similarmodelindicated a 20% undervaluation.</li><li>When you look at Amazon's revenue forecast for the next decade, you realize that the company will face growth problems. But in my opinion,<i>it is better to invest in a company facing growth problems than aging problems</i>.</li></ol></p><p><blockquote><ol><li>亚马逊是增长尚未达到极限，甚至还没有进入平台期的公司之一。从某种意义上说，这是一家拥有730亿美元现金的初创公司。</li><li>亚马逊仍处于加速阶段的事实并不意味着其市值不断被低估。但在这种情况下，根据公司的资本化和收入参数之间的模式，我们可以得出结论，公司是<b>被低估</b>.</li><li>通过预期每股收益增长的棱镜将亚马逊与其他公司进行比较，必须承认该公司是<b>便宜多了</b>比市场。</li><li>基于平均预期的DCF模型分析师表示低估了30%。今年年初，类似的模型显示估值被低估了20%。</li><li>当你看亚马逊未来十年的收入预测时，你会意识到该公司将面临增长问题。但在我看来，<i>投资一家面临增长问题的公司比投资老龄化问题的公司更好</i>.</li></ol></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4424794-amazon-clearly-undervalued-company\">Seeking alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4424794-amazon-clearly-undervalued-company","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157328258","content_text":"SummaryAmazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase.In terms of comparative valuation, AMZN is undervalued against the market.DCF-based Amazon stock price target suggests 30% upside potential. But I think this is not even a basic scenario, but a pessimistic scenario.I present my comprehensive Amazon (AMZN) analysis in light of the results of the last quarter.#1 Price vs. GrowthFirst of all, let's assess whether we can statistically state that Amazon's growth has accelerated or slowed down in the last quarter. To do this, let's compare the revenue growth trends of the key segments of the company with and without the results of the last four quarters.The dynamics of the 'Online Stores' segment showed a qualitative breakthrough. Without taking into account the last four quarters, a near-linear trend was observed here. Now, it has become exponential:Source: VisualizedAnalytics.comThe 'Third-Party Seller Services' segment - the exponential growth continues:Source: VisualizedAnalytics.comThe 'Subscription Services' (Amazon Prime) segment - here the acceleration remains, and the result of the last quarter was better than the trend:Source: VisualizedAnalytics.comThe 'Other' (advertising services) segment has also showed a significant acceleration:Source: VisualizedAnalytics.comThe growth trend of 'Amazon Web Services' has slowed down, but judging by the results of the last quarter, there is a gradual return to the previous trend:Source: VisualizedAnalytics.comGeographically, Amazon's revenue was also significantly better than the trend:Source: VisualizedAnalytics.comSo, statistically, not subjectively, we should recognize the acceleration of the company's growthin all key segments. In my opinion, this is exactly what is expected from Amazon.Further. Over the last 10 years, Amazon's capitalization has been in a qualitative linear relationship with its revenue:Source: VisualizedAnalytics.comThere is also a certain influence of the company's revenue growth rate on its multiples:Source: VisualizedAnalytics.comBased on these two relationships and taking into account the influence of the growth of theM2 money stockin the US, it is possible to build another model that allows us to determine the balanced level of the company's capitalization. In addition, this model allows to model the growth of the company's capitalization based on the current expectations of analysts regarding the company's revenue growth in the next four quarters. Here is this model:Source: VisualizedAnalytics.comAs you can see, firstly, this model indicates that the company's current price is alreadybelow the balanced level. And secondly, it assumes a25% growthin capitalization in the next four quarters.#2 Comparative ValuationIn the previous block, I modeled Amazon's balanced price based on revenue. What is remarkable is that if we apply the same approach to the comparative valuation of the company using multiples, we will fail. At least I have not been able to find a single revenue-based multiple that would make it possible to successfully compare Amazon to other companies. But the forward P/E (next FY) multiple adjusted by the expected EPS annual growth rate made it possible to find a suitable model:Source: VisualizedAnalytics.comAs you can see, judging by this multiple, Amazon is significantly undervalued.#3 Discounted Cash Flow ModelWhen predicting Amazon's revenue for the next decade, I proceeded from the average expectations ofanalysts:Source: Seeking Alpha ProWhen predicting the dynamics of Amazon's operating margin, I also proceeded from analysts'expectationsregarding the growth of the company's EPS, and taking into account the gradual increase in the tax rate to 25%. In my opinion, a gradual increase in the operating margin to 8% in the terminal year is a very realistic scenario.Here is the calculation of the Weighted Average Cost of Capital:Source: AuthorSome explanations:In order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.6%).I used the currentvalueof the three-year beta coefficient (0.92). For the terminal year, I used Beta equal to 1.To calculate the Cost of Debt, I used the interest expense for 2019 and 2020 divided by the debt value for the same years.Here is the model itself:(In high resolution)Source: AuthorThe DCF-based target price of Amazon's shares is $4,280, offering 29% upside.Final thoughtsAmazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase. In a sense, this is a startup with $73 billion cash.The fact that Amazon remains in the acceleration phase does not mean that its capitalization is constantly undervalued. But in this case, based on the patterns between the company's capitalization and the parameters of its revenue, we can conclude that the company isundervalued.Comparing Amazon to other companies through the prism of expected EPS growth, it must be admitted that the company ismuch cheaperthan the market.DCF model based on average expectations analysts indicate a 30% undervaluation. At the start of the year, a similarmodelindicated a 20% undervaluation.When you look at Amazon's revenue forecast for the next decade, you realize that the company will face growth problems. But in my opinion,it is better to invest in a company facing growth problems than aging problems.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106189008,"gmtCreate":1620093201404,"gmtModify":1634207875716,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"I don't see any point selling in May","listText":"I don't see any point selling in May","text":"I don't see any point selling in May","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/106189008","repostId":"1140379495","repostType":4,"repost":{"id":"1140379495","kind":"news","pubTimestamp":1620092540,"share":"https://www.laohu8.com/m/news/1140379495?lang=zh_CN&edition=full","pubTime":"2021-05-04 09:42","market":"us","language":"en","title":"Opinion: If you ‘sell in May,’ don’t go away<blockquote>观点：如果你“五月卖出”，不要离开</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1140379495","media":"Market Wacth","summary":"There’s no point leaving money on the table if you’re willing to take a more active roleShould you d","content":"<p>There’s no point leaving money on the table if you’re willing to take a more active role</p><p><blockquote>如果你愿意扮演更积极的角色，把钱留在桌面上是没有意义的</blockquote></p><p>Should you dump all the stock market funds from your 401(k) and IRA on the first of May, go away, and come back again for Hallowe’en?</p><p><blockquote>您是否应该在5月1日抛售401(k)和IRA中的所有股市资金，离开，然后在万圣节再次回来？</blockquote></p><p>Definitely, says an old Wall Street adage.</p><p><blockquote>华尔街的一句古老格言说，当然。</blockquote></p><p>Definitely not, say most financial advisers.</p><p><blockquote>大多数财务顾问表示，绝对不会。</blockquote></p><p>As for the evidence of history? It’s more ambiguous. If the numbers say anything, maybe it’s that “sell in May and go away” is only half right. Since 1900, someone who sold in May actually could have retired earlier and with more money—but only if they hung around and waited to buy their stocks back during the usual summer panic.</p><p><blockquote>至于历史的证据？比较暧昧。如果数字能说明什么的话，也许就是“五月卖出走人”只说对了一半。自1900年以来，在5月份抛售股票的人实际上可以更早退休并拥有更多的钱——但前提是他们在通常的夏季恐慌期间等待回购股票。</blockquote></p><p>Obvious note: If you want an easy life, ignore all trading advice from the Wall Street crowd. Set some basic rules—asset allocation, clearly established sell signals and so on—and stick to them.</p><p><blockquote>显而易见的注意事项：如果你想要轻松的生活，忽略华尔街人群的所有交易建议。设定一些基本规则——资产配置、明确建立的卖出信号等等——并坚持下去。</blockquote></p><p>On the other hand, there’s no point leaving money on the table if you’re willing to take a more active role.</p><p><blockquote>另一方面，如果你愿意扮演更积极的角色，把钱留在桌面上是没有意义的。</blockquote></p><p>The Wall Street phrase “sell in May” dates back at least to the 1930s. Originally it seems to have started in Great Britain, where the rhyme went “sell in May, go away, and don’t come back till St Leger’s Day”—meaning a famous horse race that takes place in mid-September. The theory was that the stock market’s returns over the summer months are usually so dismal that there’s really no point being in the market.</p><p><blockquote>华尔街的短语“五月卖出”至少可以追溯到20世纪30年代。最初它似乎始于英国，那里的押韵是“五月卖掉，走开，直到圣莱杰节才回来”——意思是九月中旬举行的著名赛马。该理论认为，夏季股市的回报通常如此惨淡，以至于没有必要进入市场。</blockquote></p><p>The updated version of this adage calls it “the Hallowe’en Effect,” and stretches the hiatus from May 1 to October 31: A full six months.</p><p><blockquote>这句格言的更新版本评级称之为“万圣节效应”，并将间隔时间从5月1日延长到10月31日：整整六个月。</blockquote></p><p>It sounds like superstitious nonsense, but there is some remarkable evidence for it.One exhaustive academic studylooked at all the available stock market data from around the world going as far back as 1693 (coincidentally, the time of the Salem witch trials in Massachusetts—make of this what you will).</p><p><blockquote>这听起来像是迷信的胡说八道，但有一些值得注意的证据。一项详尽的学术研究查看了自1693年以来世界各地所有可用的股票市场数据（巧合的是，这是马萨诸塞州塞勒姆女巫审判的时间——随你怎么说）。</blockquote></p><p>“In none of the 65 countries for which we have total returns and short term interest rates available—with the exception of Mauritius — can we reject a Sell in May effect,” report researchers Cherry Zhang and Ben Jacobsen. “Summer risk premiums are not only not significantly positive, they are in most cases not even marginally positive. In 45 countries the excess returns during summer have been negative, and in seven significantly so,” they write. In other words: Historically, all the stock market’s returns have come during the winter months. During the summer months, typically, the stock market’s returns haven’t been any better than the returns on keeping your money in the bank.</p><p><blockquote>研究人员Cherry Zhang和Ben Jacobsen报告称：“在我们拥有总回报和短期利率的65个国家中，除毛里求斯外，我们都无法拒绝5月份的抛售。”他们写道：“夏季风险溢价不仅不显着为正，在大多数情况下甚至不是略微为正。在45个国家，夏季的超额回报为负，其中7个国家的超额回报显着为负。”换句话说：从历史上看，股市的所有回报都发生在冬季。通常，在夏季的几个月里，股市的回报并不比将钱存入银行的回报好多少。</blockquote></p><p>(Oh, unless you’re living in Mauritius.)</p><p><blockquote>（哦，除非你住在毛里求斯。）</blockquote></p><p>Smart money mavens have a number of pushbacks to all this. They’ll point out that this is somewhat random, and makes no logical sense. They’ll warn that likely gains don’t really compensate for the trading costs, the potential taxes (in a taxable account). And they’ll add that you risk missing out if the market rises.</p><p><blockquote>聪明的理财专家对这一切有很多反对意见。他们会指出这有点随机，没有逻辑意义。他们会警告说，可能的收益并不能真正补偿交易成本和潜在的税收（在应税账户中）。他们会补充说，如果市场上涨，你就有错过的风险。</blockquote></p><p>Furthermore, they’ll say, once you and I get in the habit of getting into the market and then out of it again, most of us will simply mess it up. We’ll get back in too early, or too late, or not at all.</p><p><blockquote>此外，他们会说，一旦你和我养成了进入市场然后又退出的习惯，我们大多数人都会把它搞砸。我们会回来得太早，或者太晚，或者根本不回来。</blockquote></p><p>All reasonable points.</p><p><blockquote>所有合理的观点。</blockquote></p><p>So the advice, “leave it alone,” is not wrong.</p><p><blockquote>所以“别管它”的建议并没有错。</blockquote></p><p>But…the mathematical criticism of “sell in May” is partly off-beam. That’s because critics assume we sell on May 1 and go away, and don’t come back until October 31.</p><p><blockquote>但是……对“五月卖出”的数学批评部分是不正确的。这是因为批评者认为我们在5月1日卖出然后离开，直到10月31日才回来。</blockquote></p><p>I’ve looked through the history of the Dow Jones Industrial Average&nbsp;DJIA,+0.70%&nbsp;going back to 1900 and something amazing leaps out.</p><p><blockquote>我回顾了道琼斯工业平均指数道琼斯的历史，自1900年以来上涨了0.70%，出现了一些惊人的情况。</blockquote></p><p>Ignore where the market ends up on October 31. The real opportunity occurs at some point during the six month period.</p><p><blockquote>忽略10月31日市场的最终走向。真正的机会出现在六个月期间的某个时候。</blockquote></p><p>There has<i>almost always</i>been a “summer selloff.” In 105 out of 120 years, or 88% of the time, the stock market has posted a decline at some stage in the six months after May 1.</p><p><blockquote>有<i>几乎总是</i>是“夏季抛售”。120年中有105年（即88%的时间）股市在5月1日之后六个月的某个阶段出现过下跌。</blockquote></p><p>So in almost 9 years out of 10, someone who sold their stock funds at the start of May was able to buy them back more cheaply during the next six months.</p><p><blockquote>因此，几乎十有八九，在5月初出售股票基金的人能够在接下来的六个月内以更便宜的价格回购股票基金。</blockquote></p><p>The average decline is 8%. That’s measured from May through the bottom of the slump.</p><p><blockquote>平均降幅为8%。这是从五月到衰退底部的衡量标准。</blockquote></p><p>In more than half of all years, the Dow Jones has fallen at least 5% during the summer lull, and in nearly one year out of three it has fallen by double digits.</p><p><blockquote>在超过一半的年份中，道琼斯指数在夏季平静期间下跌了至少5%，而在近三年的年份中，道琼斯指数下跌了两位数。</blockquote></p><p>These, of course, included such greatest hits as 2008 (a crash of 37%), 2002 (28%), 1987 (24%), 1907 (32%), and, of course, our old friend the catastrophe of 1929-32.&nbsp; Nearly all the terrible carnage of 1929-1932 took place during the summer months.</p><p><blockquote>当然，这些包括2008年（37%的崩盘）、2002年（28%）、1987年（24%）、1907年（32%）等最大的打击，当然还有我们的老朋友1929-1932年的灾难。1929-1932年几乎所有可怕的大屠杀都发生在夏季。</blockquote></p><p>Weird, but true.</p><p><blockquote>奇怪，但却是真的。</blockquote></p><p>An average selloff of 8% is not small potatoes. Over 20 years, someone who timed such a move perfectly every time would earn a remarkable 400% return.</p><p><blockquote>平均8%的抛售并不是小事。20多年来，每次都能完美把握时机的人将获得400%的惊人回报。</blockquote></p><p></p><p>If the stock market’s past is any guide to the future, the really clever move would be for us to sell our SPDR S&amp;P 500 ETFSPY,+0.22%,Vanguard Total Stock Market Index FundVTSMX,+0.20%or similar this Monday…and then hang around for the sale. We’d buy back our stock fund back either on Hallowe’en, or when the market has fallen, say, 5%—whichever comes first.</p><p><blockquote>如果股市的过去是未来的指南，那么真正明智的举措是我们在本周一出售我们的SPDR标普500 ETFSPY，+0.22%，先锋总股票市场指数基金VTSMX，+0.20%或类似的基金……然后等待出售。我们会在万圣节或市场下跌5%时回购我们的股票基金——以先到者为准。</blockquote></p><p>All the years we got a bargain would more than compensate for the few years when there wasn’t one.</p><p><blockquote>我们得到便宜货的那些年足以弥补没有便宜货的那几年。</blockquote></p><p>On the other hand, if the stock market’s past isn’t any guide to the future, then pretty much everything our financial adviser tells us is nonsense anyway.</p><p><blockquote>另一方面，如果股市的过去不能成为未来的指南，那么我们的财务顾问告诉我们的几乎所有事情都是无稽之谈。</blockquote></p><p></p>","source":"lsy1604288433698","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>Opinion: If you ‘sell in May,’ don’t go away<blockquote>观点：如果你“五月卖出”，不要离开</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nOpinion: If you ‘sell in May,’ don’t go away<blockquote>观点：如果你“五月卖出”，不要离开</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Market Wacth</strong><span class=\"h-time small\">2021-05-04 09:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p>There’s no point leaving money on the table if you’re willing to take a more active role</p><p><blockquote>如果你愿意扮演更积极的角色，把钱留在桌面上是没有意义的</blockquote></p><p>Should you dump all the stock market funds from your 401(k) and IRA on the first of May, go away, and come back again for Hallowe’en?</p><p><blockquote>您是否应该在5月1日抛售401(k)和IRA中的所有股市资金，离开，然后在万圣节再次回来？</blockquote></p><p>Definitely, says an old Wall Street adage.</p><p><blockquote>华尔街的一句古老格言说，当然。</blockquote></p><p>Definitely not, say most financial advisers.</p><p><blockquote>大多数财务顾问表示，绝对不会。</blockquote></p><p>As for the evidence of history? It’s more ambiguous. If the numbers say anything, maybe it’s that “sell in May and go away” is only half right. Since 1900, someone who sold in May actually could have retired earlier and with more money—but only if they hung around and waited to buy their stocks back during the usual summer panic.</p><p><blockquote>至于历史的证据？比较暧昧。如果数字能说明什么的话，也许就是“五月卖出走人”只说对了一半。自1900年以来，在5月份抛售股票的人实际上可以更早退休并拥有更多的钱——但前提是他们在通常的夏季恐慌期间等待回购股票。</blockquote></p><p>Obvious note: If you want an easy life, ignore all trading advice from the Wall Street crowd. Set some basic rules—asset allocation, clearly established sell signals and so on—and stick to them.</p><p><blockquote>显而易见的注意事项：如果你想要轻松的生活，忽略华尔街人群的所有交易建议。设定一些基本规则——资产配置、明确建立的卖出信号等等——并坚持下去。</blockquote></p><p>On the other hand, there’s no point leaving money on the table if you’re willing to take a more active role.</p><p><blockquote>另一方面，如果你愿意扮演更积极的角色，把钱留在桌面上是没有意义的。</blockquote></p><p>The Wall Street phrase “sell in May” dates back at least to the 1930s. Originally it seems to have started in Great Britain, where the rhyme went “sell in May, go away, and don’t come back till St Leger’s Day”—meaning a famous horse race that takes place in mid-September. The theory was that the stock market’s returns over the summer months are usually so dismal that there’s really no point being in the market.</p><p><blockquote>华尔街的短语“五月卖出”至少可以追溯到20世纪30年代。最初它似乎始于英国，那里的押韵是“五月卖掉，走开，直到圣莱杰节才回来”——意思是九月中旬举行的著名赛马。该理论认为，夏季股市的回报通常如此惨淡，以至于没有必要进入市场。</blockquote></p><p>The updated version of this adage calls it “the Hallowe’en Effect,” and stretches the hiatus from May 1 to October 31: A full six months.</p><p><blockquote>这句格言的更新版本评级称之为“万圣节效应”，并将间隔时间从5月1日延长到10月31日：整整六个月。</blockquote></p><p>It sounds like superstitious nonsense, but there is some remarkable evidence for it.One exhaustive academic studylooked at all the available stock market data from around the world going as far back as 1693 (coincidentally, the time of the Salem witch trials in Massachusetts—make of this what you will).</p><p><blockquote>这听起来像是迷信的胡说八道，但有一些值得注意的证据。一项详尽的学术研究查看了自1693年以来世界各地所有可用的股票市场数据（巧合的是，这是马萨诸塞州塞勒姆女巫审判的时间——随你怎么说）。</blockquote></p><p>“In none of the 65 countries for which we have total returns and short term interest rates available—with the exception of Mauritius — can we reject a Sell in May effect,” report researchers Cherry Zhang and Ben Jacobsen. “Summer risk premiums are not only not significantly positive, they are in most cases not even marginally positive. In 45 countries the excess returns during summer have been negative, and in seven significantly so,” they write. In other words: Historically, all the stock market’s returns have come during the winter months. During the summer months, typically, the stock market’s returns haven’t been any better than the returns on keeping your money in the bank.</p><p><blockquote>研究人员Cherry Zhang和Ben Jacobsen报告称：“在我们拥有总回报和短期利率的65个国家中，除毛里求斯外，我们都无法拒绝5月份的抛售。”他们写道：“夏季风险溢价不仅不显着为正，在大多数情况下甚至不是略微为正。在45个国家，夏季的超额回报为负，其中7个国家的超额回报显着为负。”换句话说：从历史上看，股市的所有回报都发生在冬季。通常，在夏季的几个月里，股市的回报并不比将钱存入银行的回报好多少。</blockquote></p><p>(Oh, unless you’re living in Mauritius.)</p><p><blockquote>（哦，除非你住在毛里求斯。）</blockquote></p><p>Smart money mavens have a number of pushbacks to all this. They’ll point out that this is somewhat random, and makes no logical sense. They’ll warn that likely gains don’t really compensate for the trading costs, the potential taxes (in a taxable account). And they’ll add that you risk missing out if the market rises.</p><p><blockquote>聪明的理财专家对这一切有很多反对意见。他们会指出这有点随机，没有逻辑意义。他们会警告说，可能的收益并不能真正补偿交易成本和潜在的税收（在应税账户中）。他们会补充说，如果市场上涨，你就有错过的风险。</blockquote></p><p>Furthermore, they’ll say, once you and I get in the habit of getting into the market and then out of it again, most of us will simply mess it up. We’ll get back in too early, or too late, or not at all.</p><p><blockquote>此外，他们会说，一旦你和我养成了进入市场然后又退出的习惯，我们大多数人都会把它搞砸。我们会回来得太早，或者太晚，或者根本不回来。</blockquote></p><p>All reasonable points.</p><p><blockquote>所有合理的观点。</blockquote></p><p>So the advice, “leave it alone,” is not wrong.</p><p><blockquote>所以“别管它”的建议并没有错。</blockquote></p><p>But…the mathematical criticism of “sell in May” is partly off-beam. That’s because critics assume we sell on May 1 and go away, and don’t come back until October 31.</p><p><blockquote>但是……对“五月卖出”的数学批评部分是不正确的。这是因为批评者认为我们在5月1日卖出然后离开，直到10月31日才回来。</blockquote></p><p>I’ve looked through the history of the Dow Jones Industrial Average&nbsp;DJIA,+0.70%&nbsp;going back to 1900 and something amazing leaps out.</p><p><blockquote>我回顾了道琼斯工业平均指数道琼斯的历史，自1900年以来上涨了0.70%，出现了一些惊人的情况。</blockquote></p><p>Ignore where the market ends up on October 31. The real opportunity occurs at some point during the six month period.</p><p><blockquote>忽略10月31日市场的最终走向。真正的机会出现在六个月期间的某个时候。</blockquote></p><p>There has<i>almost always</i>been a “summer selloff.” In 105 out of 120 years, or 88% of the time, the stock market has posted a decline at some stage in the six months after May 1.</p><p><blockquote>有<i>几乎总是</i>是“夏季抛售”。120年中有105年（即88%的时间）股市在5月1日之后六个月的某个阶段出现过下跌。</blockquote></p><p>So in almost 9 years out of 10, someone who sold their stock funds at the start of May was able to buy them back more cheaply during the next six months.</p><p><blockquote>因此，几乎十有八九，在5月初出售股票基金的人能够在接下来的六个月内以更便宜的价格回购股票基金。</blockquote></p><p>The average decline is 8%. That’s measured from May through the bottom of the slump.</p><p><blockquote>平均降幅为8%。这是从五月到衰退底部的衡量标准。</blockquote></p><p>In more than half of all years, the Dow Jones has fallen at least 5% during the summer lull, and in nearly one year out of three it has fallen by double digits.</p><p><blockquote>在超过一半的年份中，道琼斯指数在夏季平静期间下跌了至少5%，而在近三年的年份中，道琼斯指数下跌了两位数。</blockquote></p><p>These, of course, included such greatest hits as 2008 (a crash of 37%), 2002 (28%), 1987 (24%), 1907 (32%), and, of course, our old friend the catastrophe of 1929-32.&nbsp; Nearly all the terrible carnage of 1929-1932 took place during the summer months.</p><p><blockquote>当然，这些包括2008年（37%的崩盘）、2002年（28%）、1987年（24%）、1907年（32%）等最大的打击，当然还有我们的老朋友1929-1932年的灾难。1929-1932年几乎所有可怕的大屠杀都发生在夏季。</blockquote></p><p>Weird, but true.</p><p><blockquote>奇怪，但却是真的。</blockquote></p><p>An average selloff of 8% is not small potatoes. Over 20 years, someone who timed such a move perfectly every time would earn a remarkable 400% return.</p><p><blockquote>平均8%的抛售并不是小事。20多年来，每次都能完美把握时机的人将获得400%的惊人回报。</blockquote></p><p></p><p>If the stock market’s past is any guide to the future, the really clever move would be for us to sell our SPDR S&amp;P 500 ETFSPY,+0.22%,Vanguard Total Stock Market Index FundVTSMX,+0.20%or similar this Monday…and then hang around for the sale. We’d buy back our stock fund back either on Hallowe’en, or when the market has fallen, say, 5%—whichever comes first.</p><p><blockquote>如果股市的过去是未来的指南，那么真正明智的举措是我们在本周一出售我们的SPDR标普500 ETFSPY，+0.22%，先锋总股票市场指数基金VTSMX，+0.20%或类似的基金……然后等待出售。我们会在万圣节或市场下跌5%时回购我们的股票基金——以先到者为准。</blockquote></p><p>All the years we got a bargain would more than compensate for the few years when there wasn’t one.</p><p><blockquote>我们得到便宜货的那些年足以弥补没有便宜货的那几年。</blockquote></p><p>On the other hand, if the stock market’s past isn’t any guide to the future, then pretty much everything our financial adviser tells us is nonsense anyway.</p><p><blockquote>另一方面，如果股市的过去不能成为未来的指南，那么我们的财务顾问告诉我们的几乎所有事情都是无稽之谈。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/if-you-sell-in-may-dont-go-away-11620070962?mod=home-page\">Market Wacth</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/51fb9fb4bb9a78041d2403ab1f31481b","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/if-you-sell-in-may-dont-go-away-11620070962?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140379495","content_text":"There’s no point leaving money on the table if you’re willing to take a more active roleShould you dump all the stock market funds from your 401(k) and IRA on the first of May, go away, and come back again for Hallowe’en?Definitely, says an old Wall Street adage.Definitely not, say most financial advisers.As for the evidence of history? It’s more ambiguous. If the numbers say anything, maybe it’s that “sell in May and go away” is only half right. Since 1900, someone who sold in May actually could have retired earlier and with more money—but only if they hung around and waited to buy their stocks back during the usual summer panic.Obvious note: If you want an easy life, ignore all trading advice from the Wall Street crowd. Set some basic rules—asset allocation, clearly established sell signals and so on—and stick to them.On the other hand, there’s no point leaving money on the table if you’re willing to take a more active role.The Wall Street phrase “sell in May” dates back at least to the 1930s. Originally it seems to have started in Great Britain, where the rhyme went “sell in May, go away, and don’t come back till St Leger’s Day”—meaning a famous horse race that takes place in mid-September. The theory was that the stock market’s returns over the summer months are usually so dismal that there’s really no point being in the market.The updated version of this adage calls it “the Hallowe’en Effect,” and stretches the hiatus from May 1 to October 31: A full six months.It sounds like superstitious nonsense, but there is some remarkable evidence for it.One exhaustive academic studylooked at all the available stock market data from around the world going as far back as 1693 (coincidentally, the time of the Salem witch trials in Massachusetts—make of this what you will).“In none of the 65 countries for which we have total returns and short term interest rates available—with the exception of Mauritius — can we reject a Sell in May effect,” report researchers Cherry Zhang and Ben Jacobsen. “Summer risk premiums are not only not significantly positive, they are in most cases not even marginally positive. In 45 countries the excess returns during summer have been negative, and in seven significantly so,” they write. In other words: Historically, all the stock market’s returns have come during the winter months. During the summer months, typically, the stock market’s returns haven’t been any better than the returns on keeping your money in the bank.(Oh, unless you’re living in Mauritius.)Smart money mavens have a number of pushbacks to all this. They’ll point out that this is somewhat random, and makes no logical sense. They’ll warn that likely gains don’t really compensate for the trading costs, the potential taxes (in a taxable account). And they’ll add that you risk missing out if the market rises.Furthermore, they’ll say, once you and I get in the habit of getting into the market and then out of it again, most of us will simply mess it up. We’ll get back in too early, or too late, or not at all.All reasonable points.So the advice, “leave it alone,” is not wrong.But…the mathematical criticism of “sell in May” is partly off-beam. That’s because critics assume we sell on May 1 and go away, and don’t come back until October 31.I’ve looked through the history of the Dow Jones Industrial Average DJIA,+0.70% going back to 1900 and something amazing leaps out.Ignore where the market ends up on October 31. The real opportunity occurs at some point during the six month period.There hasalmost alwaysbeen a “summer selloff.” In 105 out of 120 years, or 88% of the time, the stock market has posted a decline at some stage in the six months after May 1.So in almost 9 years out of 10, someone who sold their stock funds at the start of May was able to buy them back more cheaply during the next six months.The average decline is 8%. That’s measured from May through the bottom of the slump.In more than half of all years, the Dow Jones has fallen at least 5% during the summer lull, and in nearly one year out of three it has fallen by double digits.These, of course, included such greatest hits as 2008 (a crash of 37%), 2002 (28%), 1987 (24%), 1907 (32%), and, of course, our old friend the catastrophe of 1929-32.  Nearly all the terrible carnage of 1929-1932 took place during the summer months.Weird, but true.An average selloff of 8% is not small potatoes. Over 20 years, someone who timed such a move perfectly every time would earn a remarkable 400% return.If the stock market’s past is any guide to the future, the really clever move would be for us to sell our SPDR S&P 500 ETFSPY,+0.22%,Vanguard Total Stock Market Index FundVTSMX,+0.20%or similar this Monday…and then hang around for the sale. We’d buy back our stock fund back either on Hallowe’en, or when the market has fallen, say, 5%—whichever comes first.All the years we got a bargain would more than compensate for the few years when there wasn’t one.On the other hand, if the stock market’s past isn’t any guide to the future, then pretty much everything our financial adviser tells us is nonsense anyway.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341656941,"gmtCreate":1617810527683,"gmtModify":1634296360751,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"Hopefully airline, cruise all back to pre covid level sonner rather than later","listText":"Hopefully airline, cruise all back to pre covid level sonner rather than later","text":"Hopefully airline, cruise all back to pre covid level sonner rather than later","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/341656941","repostId":"1142881365","repostType":4,"repost":{"id":"1142881365","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":1617805727,"share":"https://www.laohu8.com/m/news/1142881365?lang=zh_CN&edition=full","pubTime":"2021-04-07 22:28","market":"us","language":"en","title":"Cruise Line Stocks perform well in morning trading<blockquote>邮轮股早盘表现良好</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1142881365","media":"Tiger Newspress","summary":"Shares of cruise operators Norwegian Cruise Line,Carnival Corp and Royal Caribbean Cruises Ltd gaine","content":"<p>Shares of cruise operators Norwegian Cruise Line,Carnival Corp&nbsp;and Royal Caribbean Cruises Ltd gained between 4% and 7%&nbsp;in morning trading.</p><p><blockquote>邮轮运营商挪威邮轮公司、嘉年华公司和皇家加勒比邮轮有限公司的股价在早盘交易中上涨了4%至7%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/09e1a91420c53fcbc8947f77bc10c188\" tg-width=\"423\" tg-height=\"174\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>According to&nbsp;Wednesday morning following reports indicating the CDC has announced cruises could resume by mid-summer with restrictions.</p><p><blockquote>据周三上午报道，疾病预防控制中心已宣布游轮可能会在仲夏恢复，但有限制。</blockquote></p><p>While no specific date for resumption was given by the CDC, the public agency repeated how COVID-19 vaccination efforts will be critical in the safe resumption of passenger operations.</p><p><blockquote>虽然疾病预防控制中心没有给出恢复的具体日期，但该公共机构重申了新冠肺炎疫苗接种工作对于安全恢复客运运营至关重要。</blockquote></p><p>The CDC said as more people are fully vaccinated, a phased approach allows the CDC to incorporate advancements into planning for resumption of cruise ship travel when it is safe to do so. The public agency recommends that all eligible port personnel and travelers get a COVID-19 vaccine when one is available to them.</p><p><blockquote>疾病预防控制中心表示，随着越来越多的人完全接种疫苗，分阶段的方法允许疾病预防控制中心在安全的情况下将进展纳入恢复游轮旅行的规划中。公共机构建议所有符合条件的港口人员和旅客在有新冠肺炎疫苗时接种。</blockquote></p><p>Norwegian Cruise Line Holdings plans a phased return to cruising. The cruise company unveiled a “two-pronged plan” with cruise resumption outside the United States from Jamaica, Dominican Republic, and Greece starting from July this year with the company’s ships including Norwegian Joy, Jade, and Gem.</p><p><blockquote>挪威邮轮控股公司计划分阶段恢复邮轮业务。该邮轮公司公布了一项“双管齐下的计划”，从今年7月开始，该公司的船舶包括挪威的Joy号、Jade号和Gem号，从牙买加、多米尼加共和国和希腊恢复美国以外的邮轮。</blockquote></p><p>Carnival Corp.’s bookings are accelerating, reflecting pent-up demand for cruising even as the industry remains essentially on hold.</p><p><blockquote>嘉年华公司的预订量正在加速增长，反映出尽管该行业基本上仍处于停滞状态，但对邮轮的需求仍被压抑。</blockquote></p><p>In a quarterly update Wednesday, the company&nbsp;said&nbsp;booking volumes in the first quarter of 2021 were about 90% higher than in the fourth quarter of 2020. Cumulative advanced bookings for next year are ahead of 2019 levels.</p><p><blockquote>该公司在周三的季度更新中表示，2021年第一季度的预订量比2020年第四季度高出约90%。明年的累计提前预订量超过了2019年的水平。</blockquote></p><p></p>","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>Cruise Line Stocks perform well in morning trading<blockquote>邮轮股早盘表现良好</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nCruise Line Stocks perform well in morning trading<blockquote>邮轮股早盘表现良好</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\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 smaller\">2021-04-07 22:28</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Shares of cruise operators Norwegian Cruise Line,Carnival Corp&nbsp;and Royal Caribbean Cruises Ltd gained between 4% and 7%&nbsp;in morning trading.</p><p><blockquote>邮轮运营商挪威邮轮公司、嘉年华公司和皇家加勒比邮轮有限公司的股价在早盘交易中上涨了4%至7%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/09e1a91420c53fcbc8947f77bc10c188\" tg-width=\"423\" tg-height=\"174\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>According to&nbsp;Wednesday morning following reports indicating the CDC has announced cruises could resume by mid-summer with restrictions.</p><p><blockquote>据周三上午报道，疾病预防控制中心已宣布游轮可能会在仲夏恢复，但有限制。</blockquote></p><p>While no specific date for resumption was given by the CDC, the public agency repeated how COVID-19 vaccination efforts will be critical in the safe resumption of passenger operations.</p><p><blockquote>虽然疾病预防控制中心没有给出恢复的具体日期，但该公共机构重申了新冠肺炎疫苗接种工作对于安全恢复客运运营至关重要。</blockquote></p><p>The CDC said as more people are fully vaccinated, a phased approach allows the CDC to incorporate advancements into planning for resumption of cruise ship travel when it is safe to do so. The public agency recommends that all eligible port personnel and travelers get a COVID-19 vaccine when one is available to them.</p><p><blockquote>疾病预防控制中心表示，随着越来越多的人完全接种疫苗，分阶段的方法允许疾病预防控制中心在安全的情况下将进展纳入恢复游轮旅行的规划中。公共机构建议所有符合条件的港口人员和旅客在有新冠肺炎疫苗时接种。</blockquote></p><p>Norwegian Cruise Line Holdings plans a phased return to cruising. The cruise company unveiled a “two-pronged plan” with cruise resumption outside the United States from Jamaica, Dominican Republic, and Greece starting from July this year with the company’s ships including Norwegian Joy, Jade, and Gem.</p><p><blockquote>挪威邮轮控股公司计划分阶段恢复邮轮业务。该邮轮公司公布了一项“双管齐下的计划”，从今年7月开始，该公司的船舶包括挪威的Joy号、Jade号和Gem号，从牙买加、多米尼加共和国和希腊恢复美国以外的邮轮。</blockquote></p><p>Carnival Corp.’s bookings are accelerating, reflecting pent-up demand for cruising even as the industry remains essentially on hold.</p><p><blockquote>嘉年华公司的预订量正在加速增长，反映出尽管该行业基本上仍处于停滞状态，但对邮轮的需求仍被压抑。</blockquote></p><p>In a quarterly update Wednesday, the company&nbsp;said&nbsp;booking volumes in the first quarter of 2021 were about 90% higher than in the fourth quarter of 2020. Cumulative advanced bookings for next year are ahead of 2019 levels.</p><p><blockquote>该公司在周三的季度更新中表示，2021年第一季度的预订量比2020年第四季度高出约90%。明年的累计提前预订量超过了2019年的水平。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NCLH":"挪威邮轮","CCL":"嘉年华邮轮","RCL":"皇家加勒比邮轮"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142881365","content_text":"Shares of cruise operators Norwegian Cruise Line,Carnival Corp and Royal Caribbean Cruises Ltd gained between 4% and 7% in morning trading.According to Wednesday morning following reports indicating the CDC has announced cruises could resume by mid-summer with restrictions.While no specific date for resumption was given by the CDC, the public agency repeated how COVID-19 vaccination efforts will be critical in the safe resumption of passenger operations.The CDC said as more people are fully vaccinated, a phased approach allows the CDC to incorporate advancements into planning for resumption of cruise ship travel when it is safe to do so. The public agency recommends that all eligible port personnel and travelers get a COVID-19 vaccine when one is available to them.Norwegian Cruise Line Holdings plans a phased return to cruising. The cruise company unveiled a “two-pronged plan” with cruise resumption outside the United States from Jamaica, Dominican Republic, and Greece starting from July this year with the company’s ships including Norwegian Joy, Jade, and Gem.Carnival Corp.’s bookings are accelerating, reflecting pent-up demand for cruising even as the industry remains essentially on hold.In a quarterly update Wednesday, the company said booking volumes in the first quarter of 2021 were about 90% higher than in the fourth quarter of 2020. Cumulative advanced bookings for next year are ahead of 2019 levels.","news_type":1,"symbols_score_info":{"CCL":0.9,"NCLH":0.9,"RCL":0.9}},"isVote":1,"tweetType":1,"viewCount":346,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343976739,"gmtCreate":1617672931021,"gmtModify":1634297187439,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>can you break 126 level?","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>can you break 126 level?","text":"$Apple(AAPL)$can you break 126 level?","images":[{"img":"https://static.tigerbbs.com/858f996b0b3d85b378927fc3f9d5ec5f","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":1,"link":"https://laohu8.com/post/343976739","isVote":1,"tweetType":1,"viewCount":396,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":119919473,"gmtCreate":1622512724192,"gmtModify":1634100943882,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"So far YTD it is performing well","listText":"So far YTD it is performing well","text":"So far YTD it is performing well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/119919473","repostId":"1138201380","repostType":4,"isVote":1,"tweetType":1,"viewCount":312,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191650759,"gmtCreate":1620876536271,"gmtModify":1634195647765,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"Fed involvement is important. How to handle inflation.","listText":"Fed involvement is important. How to handle inflation.","text":"Fed involvement is important. How to handle inflation.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/191650759","repostId":"2135584610","repostType":4,"isVote":1,"tweetType":1,"viewCount":462,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":101827600,"gmtCreate":1619880699600,"gmtModify":1634209328580,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"What will be the impact?","listText":"What will be the impact?","text":"What will be the impact?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/101827600","repostId":"1155857726","repostType":4,"isVote":1,"tweetType":1,"viewCount":167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":101965355,"gmtCreate":1619837885877,"gmtModify":1634209571162,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"What does it mean for aapl?","listText":"What does it mean for aapl?","text":"What does it mean for aapl?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/101965355","repostId":"1142063705","repostType":4,"isVote":1,"tweetType":1,"viewCount":237,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103676789,"gmtCreate":1619782729841,"gmtModify":1634209980914,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"AMD now better than Intel..","listText":"AMD now better than Intel..","text":"AMD now better than Intel..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/103676789","repostId":"2131253669","repostType":4,"isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345803457,"gmtCreate":1618294709079,"gmtModify":1634293890254,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"Wait for data tonight","listText":"Wait for data tonight","text":"Wait for data tonight","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/345803457","repostId":"1146450605","repostType":4,"isVote":1,"tweetType":1,"viewCount":405,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345195220,"gmtCreate":1618284911260,"gmtModify":1634293943093,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"High potential risk?","listText":"High potential risk?","text":"High potential risk?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/345195220","repostId":"1194635432","repostType":4,"isVote":1,"tweetType":1,"viewCount":252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":877554623,"gmtCreate":1637952819049,"gmtModify":1637952819226,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/UMC\">$United Microelectronics(UMC)$</a>hope for the good run","listText":"<a href=\"https://laohu8.com/S/UMC\">$United Microelectronics(UMC)$</a>hope for the good run","text":"$United Microelectronics(UMC)$hope for the good run","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/877554623","isVote":1,"tweetType":1,"viewCount":3542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":842422892,"gmtCreate":1636233067028,"gmtModify":1636233067296,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/GOOG\">$Alphabet(GOOG)$</a>continue to march&nbsp;","listText":"<a href=\"https://laohu8.com/S/GOOG\">$Alphabet(GOOG)$</a>continue to march&nbsp;","text":"$Alphabet(GOOG)$continue to march","images":[{"img":"https://static.tigerbbs.com/5c344c7878581cc28f41612bd46f829b","width":"1080","height":"2437"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/842422892","isVote":1,"tweetType":1,"viewCount":2191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":166360468,"gmtCreate":1623992081754,"gmtModify":1634024446980,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"It got a very strong momentum now","listText":"It got a very strong momentum now","text":"It got a very strong momentum now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166360468","repostId":"2144742925","repostType":4,"isVote":1,"tweetType":1,"viewCount":252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166900560,"gmtCreate":1623986850650,"gmtModify":1634024578432,"author":{"id":"3571101263855262","authorId":"3571101263855262","name":"ATH","avatar":"https://static.tigerbbs.com/853bff27096fc78e2aba17fdc3cc8955","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101263855262","idStr":"3571101263855262"},"themes":[],"htmlText":"Great to see tech stocks bounce&nbsp;","listText":"Great to see tech stocks bounce&nbsp;","text":"Great to see tech stocks bounce","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/166900560","repostId":"2144286417","repostType":4,"isVote":1,"tweetType":1,"viewCount":392,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}