$Coinbase Global, Inc.(COIN)$Is coin base simply a broker? Or is it something more? There are many who view COIN as just another broker; just specialising in crypto. If this is the case, then the insane valuations by some analysts (case in point, one whose TP is 600USD) are just pure fantasy. But is COIN something else?If you do some DD on coinbase you would noticethat beyond brokerage services (buy, sell and store) coinbase also allows usage of crypto (such asBTC) as a token within the cryptocurrency system, or move your owned crypto off the system to say a different wallet. Coinbase has also other nascent (and growing) operations like allowing one to stake their owned crypto, which allows the holders to lend their crypto holding and earn an in
$Tencent Music(TME)$$Alibaba(BABA)$$JD.com(JD)$Chinese equities have contracted a fair bit since their highs earlier this year. Should you beworried? In my opinion, this correction is only healthy as the levels reached prior was not supported by fundamentals. There are 2 key reasons for this pull-back: (i) the possible tightening of financial conditions in China and (ii) the rising regulatory scrutiny (both domestically and externally) on the Chinese Technology sector. These it seems dampened investor sentiment considerably post-Chinese New Year. However such fears may be overblown if you consider the growth potential in the demand for Chinese goods in th
$Workhorse(WKHS)$Anyone attended the earnings call earlier?From the statement they put out: “Cost of goods sold increased to $6.2 million from $1.7 million in the same period last year. The increase in cost of goods sold was primarily related to an increase in the volume of trucks shipped as well as an increase in employee costs.Selling, general and administrative (“SG&A”) expenses increased to $6.9 million from $5.6 million in the same period last year. The increase in SG&A expenses was primarily attributable to an increase in employee and consulting costs.”I went to compare the COGS and SG&A for last quarter to this year as they only compared Q120 to Q121COGS for last quarter was 6.99M for net sales of approx. 652k. This time net sales
$Histogenics(OCGN)$from a technical analysis stand point, I think the next peak could be somewhere around 19-20 USD before it goes down and back up to a new peak. This is not financial advice, just my view from looking at the chart of how this stock performs. Any one else have a similar view?
$DBS GROUP HOLDINGS LTD(D05.SI)$Should you continue to hold D05? Personally I think yes IF you are in it for the stable dividends. Despite the tragic year for most cyclical companies last year, DBS has managed to increase its non-interest income with the resultant effect being a marginal growth in total net income. I am not optimistic of phenomenal growth this year considering the low interest rate climate for the foreseeable future. Be that as it may, DBS has showed itself to be resilient and may be worth holding for stable dividend income. If you are thinking to buy into DBS, perhaps waiting for better valuations later this year might be more prudent. But DYODD. Let me know of your thoughts. See for a decent write up: https://fruga
$Histogenics(OCGN)$Don’t blame a certain feline if you lack conviction. If you believe in the company and did your dd why would you sellnow contributing to weakness? Market is looking good for short traders though.
$Tencent Music(TME)$this is annoying but not the time to panic. If you can afford it, average down. This is all assuming you continue to believe in the fundamentals of this company. In the long run, I do not think it is the aim of the Chinese government to break their fast growing companies. They are trying to get them to conform to the Chinese legal regime. Ultimately it will be in the interest of the governmentto promote a pro-business atmosphere and toensure continued growth in the economy. Dyodd and good luck!
Tencent Music shares fell 1.5% in premarket trading.