Trk的个人主页 - 老虎社区

Trk

Trk

暂无个人介绍

IP属地：未知

2关注

0粉丝

0主题

0勋章

2021-03-26

Please like and comment! Will do the same for you.

Stay bullish on the stock market in the face of some fresh sell signals

2021-03-15

$Lion-OCBC Sec HSTECH S$(HST.SI)$Justbought in !

2021-03-25

$Lion-OCBC Sec HSTECH S$(HST.SI)$Still holding on! Should I add more units?

2021-03-18

Like please~

Sea Limited Is A Stock To Watch: High Risk, High Return

2021-07-26

$Lion-OCBC Sec HSTECH S$(HST.SI)$🥲

2021-03-25

Hang in there! Is this a good opportunity to buy in?

The Hang Seng Index fell 1.04% at the opening. Baidu Group fell more than 9%

2021-03-23

$Lion-OCBC Sec HSTECH S$(HST.SI)$Bought on dip

2021-03-24

$Lion-OCBC Sec HSTECH S$(HST.SI)$Dropped again today

2021-03-18

$Bank of America(BAC)$better late than nenever?

2021-03-26

Yes!

Fed Lifting Limits on Bank Dividends and Share Repurchases

2021-03-23

$Lion-OCBC Sec HSTECH S$(HST.SI)$Jiayou

2021-05-11

$Lion-OCBC Sec HSTECH S$(HST.SI)$Huhuhu :(

2021-03-26

Good news for banks!

抱歉，原内容已删除

2021-03-26

Anybody know why singtel is up 3% today?

2021-03-26

$Bank of America(BAC)$continue upwards

2021-03-23

Is it still a good buy? Like and comment thanks

Baidu has rallied 200% in the past year. Analysts bet it can keep going as it lists in Hong Kong

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3575601035249258","uuid":"3575601035249258","gmtCreate":1612596297462,"gmtModify":1623815556513,"name":"Trk","pinyin":"trk","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":2,"tweetSize":16,"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":"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":"2022.06.22","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"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":2,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":2,"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":"hot","tweets":[{"id":800906899,"gmtCreate":1627269340811,"gmtModify":1631883693061,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>🥲","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>🥲","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$🥲","images":[{"img":"https://static.tigerbbs.com/9c295064a90b39dfdaf27d56c20dd3ef","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/800906899","isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":199863711,"gmtCreate":1620695315733,"gmtModify":1631883695733,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Huhuhu :(","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Huhuhu :(","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Huhuhu :(","images":[{"img":"https://static.tigerbbs.com/9e47c7882979c9d6cb86e0f5b9d1b70b","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/199863711","isVote":1,"tweetType":1,"viewCount":64,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":358772305,"gmtCreate":1616736237707,"gmtModify":1634524280855,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"Good news for banks!&nbsp;","listText":"Good news for banks!&nbsp;","text":"Good news for banks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/358772305","repostId":"1160028272","repostType":4,"isVote":1,"tweetType":1,"viewCount":164,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358776876,"gmtCreate":1616736151295,"gmtModify":1634524281453,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"Yes!&nbsp;","listText":"Yes!&nbsp;","text":"Yes!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/358776876","repostId":"1140607641","repostType":4,"repost":{"id":"1140607641","pubTimestamp":1616721140,"share":"https://www.laohu8.com/m/news/1140607641?lang=&edition=full","pubTime":"2021-03-26 09:12","market":"us","language":"en","title":"Fed Lifting Limits on Bank Dividends and Share Repurchases","url":"https://stock-news.laohu8.com/highlight/detail?id=1140607641","media":"thestreet","summary":"The Federal Reserve said after the bell Thursday that it plans to lift restrictions on bank dividend","content":"<p>The Federal Reserve said after the bell Thursday that it plans to lift restrictions on bank dividends and share buybacks for most firms after June 30.</p>\n<p>The temporary restrictions, imposed as the coronavirus pandemic forced economic shutdowns, limited banks’ ability to raise their dividends and execute share buyback plans.</p>\n<p>However, with the economy gathering steam and unemployment claims continuing to fall, the Fed said it would lift the restrictions on banks with capital levels above those required by the stress tests currently underway. The Fed’s stress tests examine major banks’ balance sheets and their ability to withstand unusual financial events, including sharp market drops and abrupt housing price declines.</p>\n<p>\"The banking system continues to be a source of strength and returning to our normal framework after this year's stress test will preserve that strength,\" Vice Chair for Supervision Randal K. Quarles said.</p>\n<p>Shares of major banks rose in after-hours trading Thursday after logging gains in the regular session ahead of the Fed’s announcement.</p>\n<p>In after-hours action Citigroup&nbsp;(<b>C</b>) -Get Report&nbsp;rose 75 cents, or 1%, to $72.47; JPMorgan Chase&nbsp;(<b>JPM</b>) -Get Reportrose $1.09, or 0.7%, to $154.64; Bank of America Corp.&nbsp;(<b>BAC</b>) -Get Reportgained 33 cents, or 0.9%, to $37.99, and Wells Fargo&nbsp;(<b>WFC</b>) -Get Report&nbsp;rose 31 cents, or 0.8%, to $39.61.</p>\n<p>Rebounding interest rates have fueled optimism for banks in recent weeks on expectations bank lending businesses can begin to make more money on the differences between long-term and short-term rates. The Financial Select Spider Fund&nbsp;(<b>XLF</b>) -Get Report, is up almost 13% so far this year.</p>\n<p>Stocksshook off losses and finished higher Thursdayas investors weighed encouraging economic data and assessed progress in the fight against COVID-19.</p>\n<p>President Joe Biden said Thursdayhe doubled his vaccination goal to 200 million shots in his first 100 days in office.</p>\n<p>The Dow Jones Industrial Average finished up 199 points, or 0.62%, at 32,619, the S&amp;P 500 rose 0.52% and the tech-heavy Nasdaq ticked up 0.12%.</p>\n<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>Fed Lifting Limits on Bank Dividends and Share Repurchases</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Lifting Limits on Bank Dividends and Share Repurchases\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-26 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/fed-lifting-limits-on-bank-dividends-and-share-repurchases><strong>thestreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Federal Reserve said after the bell Thursday that it plans to lift restrictions on bank dividends and share buybacks for most firms after June 30.\nThe temporary restrictions, imposed as the ...</p>\n\n<a href=\"https://www.thestreet.com/investing/fed-lifting-limits-on-bank-dividends-and-share-repurchases\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/fed-lifting-limits-on-bank-dividends-and-share-repurchases","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140607641","content_text":"The Federal Reserve said after the bell Thursday that it plans to lift restrictions on bank dividends and share buybacks for most firms after June 30.\nThe temporary restrictions, imposed as the coronavirus pandemic forced economic shutdowns, limited banks’ ability to raise their dividends and execute share buyback plans.\nHowever, with the economy gathering steam and unemployment claims continuing to fall, the Fed said it would lift the restrictions on banks with capital levels above those required by the stress tests currently underway. The Fed’s stress tests examine major banks’ balance sheets and their ability to withstand unusual financial events, including sharp market drops and abrupt housing price declines.\n\"The banking system continues to be a source of strength and returning to our normal framework after this year's stress test will preserve that strength,\" Vice Chair for Supervision Randal K. Quarles said.\nShares of major banks rose in after-hours trading Thursday after logging gains in the regular session ahead of the Fed’s announcement.\nIn after-hours action Citigroup (C) -Get Report rose 75 cents, or 1%, to $72.47; JPMorgan Chase (JPM) -Get Reportrose $1.09, or 0.7%, to $154.64; Bank of America Corp. (BAC) -Get Reportgained 33 cents, or 0.9%, to $37.99, and Wells Fargo (WFC) -Get Report rose 31 cents, or 0.8%, to $39.61.\nRebounding interest rates have fueled optimism for banks in recent weeks on expectations bank lending businesses can begin to make more money on the differences between long-term and short-term rates. The Financial Select Spider Fund (XLF) -Get Report, is up almost 13% so far this year.\nStocksshook off losses and finished higher Thursdayas investors weighed encouraging economic data and assessed progress in the fight against COVID-19.\nPresident Joe Biden said Thursdayhe doubled his vaccination goal to 200 million shots in his first 100 days in office.\nThe Dow Jones Industrial Average finished up 199 points, or 0.62%, at 32,619, the S&P 500 rose 0.52% and the tech-heavy Nasdaq ticked up 0.12%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":150,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358778769,"gmtCreate":1616736081051,"gmtModify":1634524281913,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"Anybody know why&nbsp;singtel is up 3% today?","listText":"Anybody know why&nbsp;singtel is up 3% today?","text":"Anybody know why singtel is up 3% today?","images":[{"img":"https://static.tigerbbs.com/e64a3ec8d863990aa151698812da05f8","width":"1125","height":"2179"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/358778769","isVote":1,"tweetType":1,"viewCount":297,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":358773375,"gmtCreate":1616735805897,"gmtModify":1631885279838,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BAC\">$Bank of America(BAC)$</a>continue upwards&nbsp;","listText":"<a href=\"https://laohu8.com/S/BAC\">$Bank of America(BAC)$</a>continue upwards&nbsp;","text":"$Bank of America(BAC)$continue upwards","images":[{"img":"https://static.tigerbbs.com/a9132eec53ad9346577e7e8a19fb1763","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/358773375","isVote":1,"tweetType":1,"viewCount":482,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":358779908,"gmtCreate":1616735698304,"gmtModify":1634524283777,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"Please like and comment! Will do the same for you.&nbsp;","listText":"Please like and comment! Will do the same for you.&nbsp;","text":"Please like and comment! Will do the same for you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/358779908","repostId":"1100799979","repostType":4,"repost":{"id":"1100799979","pubTimestamp":1616730844,"share":"https://www.laohu8.com/m/news/1100799979?lang=&edition=full","pubTime":"2021-03-26 11:54","market":"us","language":"en","title":"Stay bullish on the stock market in the face of some fresh sell signals","url":"https://stock-news.laohu8.com/highlight/detail?id=1100799979","media":"marketwatch","summary":"The stock market continues to be led by the Dow Jones Industrial Average,with NASDAQ lagging noticea","content":"<p>The stock market continues to be led by the Dow Jones Industrial Average,with NASDAQ&nbsp;lagging noticeably behind, and the S&amp;P 500 indexcaught somewhere in the middle. This is not a good scenario for stocks.</p>\n<p>There is an old adage that it is not good for the market if the Generals are out in front of the Army (the “Generals” being General Motors, General Electric, etc. – i.e., the mainstays of the Dow of days gone by; the “Army” being the main body of stocks). The point is that if the advance is narrow and limited to the largest institutional stocks, then trouble lies ahead.</p>\n<p>It is a good point, but too vague to implement as a trading system. We would normally see that reflected in breadth (which is now giving a sell signal) and new highs vs. new lows (which is also on a sell signal).</p>\n<p><img src=\"https://static.tigerbbs.com/c46ab28413e089cb3da5f328292ad4e7\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p>\n<p>One positive thing is that the SPX chart is still in an uptrend, as the moving averages and “modified Bollinger Bands” are still trending higher. However, if the S&amp;P breaks through support at 3,870, that uptrend would be called into question. As one can see from the accompanying chart, there is further support near 3,725. If that is broken, the bears would clearly be in charge. Meanwhile, the recent all-time highs, at 3,985, represent resistance.</p>\n<p>What is different today compared to previous minor pullbacks is that several of our internal indicators have weakened considerably and are on sell signals: breadth, new highs vs. new lows, and equity-only put-call ratios.</p>\n<p>Equity-only put-call ratios remain on sell signals that were first generated in mid-February and that have strengthened by beginning to rise rapidly.&nbsp;They are still relatively low on their charts, meaning that there is a lot of room to move higher before one might say they are “oversold.”</p>\n<p><img src=\"https://static.tigerbbs.com/bfd689fa18eceb515c752afa1cb024f7\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN<img src=\"https://static.tigerbbs.com/9216bd23616405d8464aa44f5baea259\" tg-width=\"620\" tg-height=\"460\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p>\n<p>Breadth has deteriorated badly over the past two weeks – especially this last week. Sell signals were generated by the breadth oscillators on March 18 and March 19, and those oscillators have plunged since then.&nbsp;The “stocks only” breadth oscillator has already descended into oversold territory, but “oversold doesn’t mean buy.”</p>\n<p>The NYSE breadth oscillator is also moving lower, but at a much slower pace, since the more positive “Dow-type” stocks have a heavier weight in that oscillator.</p>\n<p>Meanwhile, cumulative breadth has fallen sharply as well. That is not a signal, but it is worth noting that the “stocks only” cumulative advance-decline line has fallen almost 10,000 issues since the cumulative A-D line reached an all-time high on March 15 (that is, over that time, summing the daily figures, declines have outnumbered advances by 10,000 issues).</p>\n<p>A significant development has also occurred in the case of the “new highs vs. new lows” indicator. On March 23, new 52-week lows outnumbered new 52-week highs andnew 52-week lows numbered more than 100 issues — the first time that has happened since last May.&nbsp;That was the case again on March 24.&nbsp;That places this indicator on a sell signal until new highs take control once again.</p>\n<p>Countering the negativity of put-call ratios, breadth, and new highs vs. new lows, is the fact that the volatility indicators still remain generally bullish. VIX has not risen substantially (yet), so the “spike peak” buy signal of March 4 remains in place.</p>\n<p>Moreover, the trend of VIXVIX,-6.56%continues to be lower, as both VIX and its 20-day moving average are below the declining 200-day moving average. In fact, on March 22, VIX closed at its lowest price (18.88) since February 2020.</p>\n<p>If VIX should continue to fall below there, it would be a bullish sign for stocks.</p>\n<p><img src=\"https://static.tigerbbs.com/c5d40b1aedd4e9457306d25814439c92\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p>\n<p>As we’ve noted previously, the fact that VIX has remained so high all during the huge rally over the past year has been a worrisome sign for many traders. But the traders that were keeping VIX higher were actually correct, because realized volatility of SPX (i.e., its 20-day historical volatility) has been just below 20 since early March. Thus, realized volatility rose to meet implied volatility, rather than the other way around (which is more often the case).</p>\n<p>Now, if one wants to make the case that it is worrisome to see both forms of volatility this high, then so be it. But there is no longer any significant difference between the S&amp;P’s realized and implied volatility.</p>\n<p>The construct of volatility derivatives has remained bullish throughout.&nbsp;VIX futures are all trading at premiums to VIX, and the term structure slopes upward through the coming summer. Similarly, the term structure of the CBOE Volatility Indices slopes upward through the next six months as well.</p>\n<p>The first sign of a negative reversal here would be if the April VIX futures traded above the price of May VIX futures.</p>\n<p>Near-term deterioration in some internal indicators is certainly a cause for worry, and small countertrend bearish positions can be taken because of that. However, the S&amp;P’s trend is still higher, and the trend of VIX is still lower – both bullish factors. So we still maintaining a “core” bullish position until those two trends are broken.</p>","source":"lsy1603348471595","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>Stay bullish on the stock market in the face of some fresh sell signals</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStay bullish on the stock market in the face of some fresh sell signals\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-26 11:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stay-bullish-on-the-stock-market-in-the-face-of-some-fresh-sell-signals-01616682019?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market continues to be led by the Dow Jones Industrial Average,with NASDAQ lagging noticeably behind, and the S&P 500 indexcaught somewhere in the middle. This is not a good scenario for ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stay-bullish-on-the-stock-market-in-the-face-of-some-fresh-sell-signals-01616682019?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d8fb95e65f042f352c6313989391357","relate_stocks":{".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/stay-bullish-on-the-stock-market-in-the-face-of-some-fresh-sell-signals-01616682019?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100799979","content_text":"The stock market continues to be led by the Dow Jones Industrial Average,with NASDAQ lagging noticeably behind, and the S&P 500 indexcaught somewhere in the middle. This is not a good scenario for stocks.\nThere is an old adage that it is not good for the market if the Generals are out in front of the Army (the “Generals” being General Motors, General Electric, etc. – i.e., the mainstays of the Dow of days gone by; the “Army” being the main body of stocks). The point is that if the advance is narrow and limited to the largest institutional stocks, then trouble lies ahead.\nIt is a good point, but too vague to implement as a trading system. We would normally see that reflected in breadth (which is now giving a sell signal) and new highs vs. new lows (which is also on a sell signal).\nLAWRENCE MCMILLAN\nOne positive thing is that the SPX chart is still in an uptrend, as the moving averages and “modified Bollinger Bands” are still trending higher. However, if the S&P breaks through support at 3,870, that uptrend would be called into question. As one can see from the accompanying chart, there is further support near 3,725. If that is broken, the bears would clearly be in charge. Meanwhile, the recent all-time highs, at 3,985, represent resistance.\nWhat is different today compared to previous minor pullbacks is that several of our internal indicators have weakened considerably and are on sell signals: breadth, new highs vs. new lows, and equity-only put-call ratios.\nEquity-only put-call ratios remain on sell signals that were first generated in mid-February and that have strengthened by beginning to rise rapidly. They are still relatively low on their charts, meaning that there is a lot of room to move higher before one might say they are “oversold.”\nLAWRENCE MCMILLANLAWRENCE MCMILLAN\nBreadth has deteriorated badly over the past two weeks – especially this last week. Sell signals were generated by the breadth oscillators on March 18 and March 19, and those oscillators have plunged since then. The “stocks only” breadth oscillator has already descended into oversold territory, but “oversold doesn’t mean buy.”\nThe NYSE breadth oscillator is also moving lower, but at a much slower pace, since the more positive “Dow-type” stocks have a heavier weight in that oscillator.\nMeanwhile, cumulative breadth has fallen sharply as well. That is not a signal, but it is worth noting that the “stocks only” cumulative advance-decline line has fallen almost 10,000 issues since the cumulative A-D line reached an all-time high on March 15 (that is, over that time, summing the daily figures, declines have outnumbered advances by 10,000 issues).\nA significant development has also occurred in the case of the “new highs vs. new lows” indicator. On March 23, new 52-week lows outnumbered new 52-week highs andnew 52-week lows numbered more than 100 issues — the first time that has happened since last May. That was the case again on March 24. That places this indicator on a sell signal until new highs take control once again.\nCountering the negativity of put-call ratios, breadth, and new highs vs. new lows, is the fact that the volatility indicators still remain generally bullish. VIX has not risen substantially (yet), so the “spike peak” buy signal of March 4 remains in place.\nMoreover, the trend of VIXVIX,-6.56%continues to be lower, as both VIX and its 20-day moving average are below the declining 200-day moving average. In fact, on March 22, VIX closed at its lowest price (18.88) since February 2020.\nIf VIX should continue to fall below there, it would be a bullish sign for stocks.\nLAWRENCE MCMILLAN\nAs we’ve noted previously, the fact that VIX has remained so high all during the huge rally over the past year has been a worrisome sign for many traders. But the traders that were keeping VIX higher were actually correct, because realized volatility of SPX (i.e., its 20-day historical volatility) has been just below 20 since early March. Thus, realized volatility rose to meet implied volatility, rather than the other way around (which is more often the case).\nNow, if one wants to make the case that it is worrisome to see both forms of volatility this high, then so be it. But there is no longer any significant difference between the S&P’s realized and implied volatility.\nThe construct of volatility derivatives has remained bullish throughout. VIX futures are all trading at premiums to VIX, and the term structure slopes upward through the coming summer. Similarly, the term structure of the CBOE Volatility Indices slopes upward through the next six months as well.\nThe first sign of a negative reversal here would be if the April VIX futures traded above the price of May VIX futures.\nNear-term deterioration in some internal indicators is certainly a cause for worry, and small countertrend bearish positions can be taken because of that. However, the S&P’s trend is still higher, and the trend of VIX is still lower – both bullish factors. So we still maintaining a “core” bullish position until those two trends are broken.","news_type":1},"isVote":1,"tweetType":1,"viewCount":285,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358038253,"gmtCreate":1616638923672,"gmtModify":1634524789198,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"Hang in there! Is this a good opportunity to buy in?","listText":"Hang in there! Is this a good opportunity to buy in?","text":"Hang in there! Is this a good opportunity to buy in?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/358038253","repostId":"1193689570","repostType":4,"repost":{"id":"1193689570","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":1616635457,"share":"https://www.laohu8.com/m/news/1193689570?lang=&edition=full","pubTime":"2021-03-25 09:24","market":"hk","language":"en","title":"The Hang Seng Index fell 1.04% at the opening. Baidu Group fell more than 9%","url":"https://stock-news.laohu8.com/highlight/detail?id=1193689570","media":"Tiger Newspress","summary":"Hong Kong stocks opened, and the HSI opened 1.04% lower. Technology stocks and Hong Kong local stock","content":"<p>Hong Kong stocks opened, and the HSI opened 1.04% lower. Technology stocks and Hong Kong local stocks continued to fall under pressure. Tencent Holdings opened nearly 4% lower, hitting the 600 Hong Kong dollar mark.</p><p><img src=\"https://static.tigerbbs.com/fabd51f049677ea8ecfac90f9b86bb5f\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Baidu opened 9.09% lower and reported 228 Hong Kong dollars, a record low. The turnover temporarily recorded 77.8 million Hong Kong dollars.</p><p><img src=\"https://static.tigerbbs.com/f36b74df301e2a4ac23e0f02f3c971c2\" tg-width=\"840\" tg-height=\"470\"></p><p>Xiaomi Group fell 4.6%, and its revenue and net profit performance in 2020 fell short of market expectations.</p><p>JD.com and Meituan both fell more than 3%.</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>The Hang Seng Index fell 1.04% at the opening. Baidu Group fell more than 9%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Hang Seng Index fell 1.04% at the opening. Baidu Group fell more than 9%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-03-25 09:24</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Hong Kong stocks opened, and the HSI opened 1.04% lower. Technology stocks and Hong Kong local stocks continued to fall under pressure. Tencent Holdings opened nearly 4% lower, hitting the 600 Hong Kong dollar mark.</p><p><img src=\"https://static.tigerbbs.com/fabd51f049677ea8ecfac90f9b86bb5f\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Baidu opened 9.09% lower and reported 228 Hong Kong dollars, a record low. The turnover temporarily recorded 77.8 million Hong Kong dollars.</p><p><img src=\"https://static.tigerbbs.com/f36b74df301e2a4ac23e0f02f3c971c2\" tg-width=\"840\" tg-height=\"470\"></p><p>Xiaomi Group fell 4.6%, and its revenue and net profit performance in 2020 fell short of market expectations.</p><p>JD.com and Meituan both fell more than 3%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c1cb237e736a4e03c939622e7b71e8e7","relate_stocks":{"00700":"腾讯控股"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193689570","content_text":"Hong Kong stocks opened, and the HSI opened 1.04% lower. Technology stocks and Hong Kong local stocks continued to fall under pressure. Tencent Holdings opened nearly 4% lower, hitting the 600 Hong Kong dollar mark.Baidu opened 9.09% lower and reported 228 Hong Kong dollars, a record low. The turnover temporarily recorded 77.8 million Hong Kong dollars.Xiaomi Group fell 4.6%, and its revenue and net profit performance in 2020 fell short of market expectations.JD.com and Meituan both fell more than 3%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":283,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358030588,"gmtCreate":1616638675744,"gmtModify":1631883696918,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Still holding on! Should I add more units?","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Still holding on! Should I add more units?","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Still holding on! Should I add more units?","images":[{"img":"https://static.tigerbbs.com/931bc55a21b4ec7b427ef698ff51dce3","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/358030588","isVote":1,"tweetType":1,"viewCount":394,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":351384900,"gmtCreate":1616564468700,"gmtModify":1631883696941,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Dropped again today","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Dropped again today","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Dropped again today","images":[{"img":"https://static.tigerbbs.com/30626d2ba4a6ef4f25a4323ca0e50cf1","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/351384900","isVote":1,"tweetType":1,"viewCount":240,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":353850610,"gmtCreate":1616484132030,"gmtModify":1631883696957,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Bought on dip","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Bought on dip","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Bought on dip","images":[{"img":"https://static.tigerbbs.com/d561592454a51e0a0095505fd40527bd","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/353850610","isVote":1,"tweetType":1,"viewCount":84,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":353827896,"gmtCreate":1616483938815,"gmtModify":1634525587504,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"Is it still a good buy?&nbsp;Like and comment thanks","listText":"Is it still a good buy?&nbsp;Like and comment thanks","text":"Is it still a good buy? Like and comment thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/353827896","repostId":"1113268864","repostType":4,"repost":{"id":"1113268864","pubTimestamp":1616476327,"share":"https://www.laohu8.com/m/news/1113268864?lang=&edition=full","pubTime":"2021-03-23 13:12","market":"us","language":"en","title":"Baidu has rallied 200% in the past year. Analysts bet it can keep going as it lists in Hong Kong","url":"https://stock-news.laohu8.com/highlight/detail?id=1113268864","media":"cnbc","summary":"KEY POINTS\n\nBaidu shares rose just under 1% at the open in the company’s Hong Kong debut Tuesday.\nTh","content":"<div>\n<p>KEY POINTS\n\nBaidu shares rose just under 1% at the open in the company’s Hong Kong debut Tuesday.\nThe Chinese technology giant, which is already listed in the U.S., raised $3.1 billion in the Hong ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/23/baidu-shares-debut-in-hong-kong-secondary-listing.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Baidu has rallied 200% in the past year. Analysts bet it can keep going as it lists in Hong Kong</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBaidu has rallied 200% in the past year. Analysts bet it can keep going as it lists in Hong Kong\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-23 13:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/23/baidu-shares-debut-in-hong-kong-secondary-listing.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBaidu shares rose just under 1% at the open in the company’s Hong Kong debut Tuesday.\nThe Chinese technology giant, which is already listed in the U.S., raised $3.1 billion in the Hong ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/23/baidu-shares-debut-in-hong-kong-secondary-listing.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0cb3c6c3c55603d00a14ee3389850b7f","relate_stocks":{"09888":"百度集团-SW","BIDU":"百度"},"source_url":"https://www.cnbc.com/2021/03/23/baidu-shares-debut-in-hong-kong-secondary-listing.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1113268864","content_text":"KEY POINTS\n\nBaidu shares rose just under 1% at the open in the company’s Hong Kong debut Tuesday.\nThe Chinese technology giant, which is already listed in the U.S., raised $3.1 billion in the Hong Kong secondary listing.\nBaidu, operator of China’s largest search engine, has had a rough couple years from mid-2018 and lagged behind rivals such as Alibaba and Tencent.\n\nGUANGZHOU, China —Baidushares rose just under 1% at the open in the company’s Hong Kong debut Tuesday.\nThe Chinese technology giant, which is already listed in the U.S.,raised $3.1 billion in the Hong Kong secondary listing. Shares pared those gains during morning trade.\nUnlike initial public offerings, secondary listings may not be greeted with massive first-day rallies as shares of the company are already trading on another exchange.\nThe Hong Kong listing is a big moment for Baidu, China’s largest search engine. The company has had a rough couple years from mid-2018 and lagged behind rivals such asAlibabaandTencent. Baidu failed to move quickly asChinese users flocked to mobile search and a tough advertising market hurt the business.\nBut a turnaround, led by CEO Robin Li, has centered on convincing investors that the technology giant is a leader in artificial intelligence and autonomous driving in a bid to diversify its revenue stream beyond advertising. And that seems to paying off.\nIn mid-May 2018,Baidu’sU.S.-listed shares closed at $284.07 a share, a record high at the time. But the stock subsequently fell over 70% to a trough of $83.62 in March 2020 amid the stock market crash. That was the lowest close since April 2013.\nBut since the March 2020 low, shares have rallied over 200%. Baidu shares hit an all time high of $354.82 in February.\n“I think EV (electric vehicles) is part of the story. At the same time, cloud computing, integrating AI, these are all the areas where Baidu has been investing in very heavily really since 2014 and we’re just starting to see the fruits of those labors,” Brendan Ahern, chief investment officer at KraneShares, told “Squawk Box Asia” on Tuesday.\nBaidu has an autonomous driving system called Apollo which can be sold to automakers. The companystarted a standalone electric vehicle company in partnership with Chinese carmaker Geely. Baidu is also testing robotaxis in cities including in Beijing. And last month, the firm launched a smart transportation project in the southern Chinese city of Guangzhou, its biggest yet.\nJames Lee, U.S. and China internet analyst at Mizuho Securities, has a $350 price target on Baidu’s U.S.-listed shares, which is 31% higher than Monday’s closing price on Wall Street. He said that the autonomous driving business could be valued at $40 billion and that the Chinese government will continue to support this industry with favorable policies. Lee also said he expects Baidu’s advertising business to continue to gain momentum in the first quarter of this year.\n“We do like the fundamentals of the company and we continue to expect the Baidu shares will outperform the market,” Lee told “Street Signs Asia” on Tuesday.\nMeanwhile, Baidu has been looking to further diversify its revenue streams. The companyhas raised money for its Kunlun artificial intelligence semiconductor unit which is valued at $2 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353151484,"gmtCreate":1616472976548,"gmtModify":1631883696966,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Jiayou","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Jiayou","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Jiayou","images":[{"img":"https://static.tigerbbs.com/d2083d414920369627ccaca1106fe98d","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/353151484","isVote":1,"tweetType":1,"viewCount":60,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":327043619,"gmtCreate":1616042728531,"gmtModify":1703496793540,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"Like please~","listText":"Like please~","text":"Like please~","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/327043619","repostId":"1114091354","repostType":4,"repost":{"id":"1114091354","pubTimestamp":1616039884,"share":"https://www.laohu8.com/m/news/1114091354?lang=&edition=full","pubTime":"2021-03-18 11:58","market":"us","language":"en","title":"Sea Limited Is A Stock To Watch: High Risk, High Return","url":"https://stock-news.laohu8.com/highlight/detail?id=1114091354","media":"seekingalpha","summary":"Summary\n\nSea Ltd is a potentially high-rewarding long-term investment.\nThe company is involved in th","content":"<p><b>Summary</b></p>\n<ul>\n <li>Sea Ltd is a potentially high-rewarding long-term investment.</li>\n <li>The company is involved in three key areas of digital businesses (digital gaming, e-commerce and fintech), which have benefited immensely from the pandemic.</li>\n <li>Its future share price movement would depend on the company’s growth and operational expansion, the development of the company’s fintech/digital banking business segment, and potential risks from competitors.</li>\n</ul>\n<p><b>Investment thesis</b></p>\n<p>It is difficult to determine Sea’s(NYSE:SE)share price movement for the short run (early to mid-2021). Its share price has had a spectacular growth in 2020 (rising by about 400%), primarily because of the pandemic, which has benefited from the surge in demand for all its digital businesses. This accelerated growth is unlikely to be repeated in 2021. However, 2021 will continue to usher in strong growth because of increasing online demand in the region.</p>\n<p>Sea is a promising company and has the potential to become one of the largest companies in ASEAN because of its strong appetite for growth and expansion. It is already three times the size of Singapore Telecommunication corporation and twice that of PTT (Thai Petroleum) by enterprise value.</p>\n<p>Sea’s future share price movement would depend on further increases in revenue growth and new revenue streams. However, it has significant risks and challenges from competition. At the current share price, Sea is 34% over valued (see annex 1) and is trading at 27 times of sales (2.5 times the average of its competitors, see annex 2). However, Sea’s good growth prospects within the next 2 years justify its price.</p>\n<p>Sea’s three core businesses (gaming, e-commerce and financial services) have been growing rapidly (160% year-on-year by revenue). The revenue stream to watch in 2021 is its fintech arm (i.e. SeaMoney), which is currently contributing only one percent to Sea’s overall revenue. It has been awarded a banking licence by the Monetary Authority of Singapore in 2020 (1 of 2 awardees) and acquired Bank Kesejahteraan Ekonomi (in Indonesia) in January 2021. Its financial services business is well positioned for a prospective growth towards the end of 2021 and into 2022. SeaMoney on its own could potentially add an additional $15 per share to Sea’s overall share price by end of 2021 (based on fundamental discounted cash flow (DCF) valuation with ADYEN’s historical data as a comparator).</p>\n<p><b>Overview</b></p>\n<p>The bulk of Sea’s business is in Southeast Asia. It operates in three key busines segments, through Garena (digital gaming), Shopee (e-commerce), and SeaMoney (digital financial services). Despite its rapid regional expansion, it has not yet generated profit. This situation is normal for businesses such as Sea, which has been focusing on building market position and expansion. Sea benefited from the COVID-19 pandemic, which accelerated its growth due to the surge in demand for its digital businesses.</p>\n<p><b>Valuation of Sea Ltd</b></p>\n<p>Determining a value for Sea is difficult at this point in time as the future potential of SeaMoney has yet to take shape. However, a ten-year DCF projection based on the company’s past performance can be used to determine a minimum intrinsic share price value without the growth contribution of SeaMoney (see figure 1 and table 1). Based on the DCF valuation, a $155.99 share price can be considered a low estimate for Sea. It is unlikely that the share price will drop below this point, barring external shocks and significant regulatory changes to the business sectors that it serves.</p>\n<p>Figure 1: Sea Ltd: Revenues, net income and free cash flows (Millions of Dollars)</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a9f9a3ff141d8761555a1cb4ad168586\" tg-width=\"640\" tg-height=\"194\"><span>Source: Author’s calculation, with data from Sea Ltd.</span></p>\n<p>Table 1: Rates used in DCF valuation model</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/46e2934fedb8823d20be4440df7468c0\" tg-width=\"680\" tg-height=\"788\"><span>Source: Author’s calculation, with data from Sea Ltd.</span></p>\n<p><b>Growth drivers</b></p>\n<p>Sea operates in a large agreeable market (Southeast Asia). It is one of the largest and fastest growing regions in the world (4.9% per year in the four next years) with a population of 670 million people and a GDP of $4.7 trillion by 2025 (more than that of India). The region’s internet economy has more than tripled over the past four years, reaching $100 billion in 2019 and is expected to grow to $300 billion by 2025 (a 20% CAGR) according to the&nbsp;Google, Temasek and Bain, e-Conomy SEA 2020 annual report. Digital financial services are another promising market for the region as it is expected to grow to $1 trillion by 2025, accounting for half the money transactions conducted in Southeast Asia.</p>\n<p>Sea has multiple revenue streams, and the company has ample opportunities to explore new revenue streams and enhance synergistic advantages. Garena is already profitable and is an exclusive distributor of Tencent Games in Southeast Asia. It has been expanding in game development. This business segment is bank rolling Shopee and SeaMoney. The latter has the potential to contribute to Sea’s future growth. It is currently contributing only 1 percent of Sea’s revenue (see figure 1). It is not unreasonable to assume SeaMoney’s revenue could witness an exponential growth, if compared against the historical growth of Dutch fintech company, Adyen (also with a banking licence) (see figure 2).</p>\n<p><b>Figure 1: Sea Ltd revenue breakdown</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4514c7c949a9478fd1e1f2ad6e172603\" tg-width=\"603\" tg-height=\"321\"><span>Source: Author’s calculation, with data from Sea Ltd.</span></p>\n<p><b>Figure 2: SeaMoney vs. Adyen revenue</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6e6e7ed37e276589de723d7dffe1f16a\" tg-width=\"603\" tg-height=\"306\"><span>Source: Author’s calculation, with data from Sea Ltd and Adyen.</span></p>\n<p><b>Risks</b></p>\n<p>There are some risks to consider. They include the following:</p>\n<ol>\n <li><i>Existing competition (high impact):</i>Given the attractiveness of the markets that Sea participates in, there is fierce competition (especially in e-commerce and fintech) from other players such as Lazada, Grab, Gojek, Tokopedia and Bukalapak. This competitive pressure put into question Sea’s future growth and profits.</li>\n <li><i>New competition Gojek/Tokopedia merger (high impact):</i>In January 2021, Gojek and Grab merger talks fell apart. Currently, Gojek and Tokopedia are in the process to merge to form a $40 billion powerhouse and Grab is seeking IPO. The anticipated new entity (Gojek &amp; Tokopedia) will be a formidable competitor to Sea in Indonesia, given Gojek’s and Tokopedia’s extensive business networks in the region.</li>\n <li><i>Financial risk (moderate impact):</i>Sea has been increasing its debt leverage, at US$1.92 billion (September 2020) – an increase of US$470.6 million in a year. However, it also has US$3.55 billion in cash, leading to a US$1.63 billion net cash position. While Sea is losing money, it has generated positive free cash flow of US$96 million (September 2020) and therefore has limited short-term balance sheet risk.</li>\n <li><i>Sustainability (high impact):</i>Sea has not been profitable in the past five years and will not be until 2022. It has been using the profits from Garena (its only profitable business segment) to finance the expansion of its e-commerce and Fintech businesses.</li>\n <li><i>Over-valuation (moderate impact):</i>Sea is currently trading at a price-to-sales ratio of 27 times. This ratio is high as compared with Tencent Holdings at 11 times, Alibaba at 10 times and Meituan at 15 times. Although justifiable, this is a high premium to take on.</li>\n <li><i>Regulations (high impact):</i>Sea is subject to government regulations. Its financial services business is especially susceptible to regulatory changes. This can be further complicated by the number of countries it operates in. However, this is unlikely to be an issue in Singapore, Sea’s home country.</li>\n <li><i>Share dilution (moderate impact):</i>Sea has been constantly diluting its shares to support the financing of its various business expansions (see table 2).</li>\n</ol>\n<p>Table 2: Sea’s shares</p>\n<p><img src=\"https://static.tigerbbs.com/aab6b2ad5a564bfe638c9a6b93a0f458\" tg-width=\"815\" tg-height=\"396\"></p>\n<p><b>Conclusion</b></p>\n<p>Sea Ltd is a potentially high rewarding long-term investment but has a considerable amount of risk. However, the author believes that the company will overcome most of its challenge and strengthen its position as one of the dominant digital players in Southeast Asia. Investors should consider buying Sea as a long-term investment and with the strategy to buy the share when it dips in price and to slowly increase their position over time.</p>\n<p>Sea is one of the most exciting stories to watch. Key issues to follow closely are the company’s growth, SeaMoney development and rising challenges for competitors. Sea is defiantly a worthy pick for investors who are looking to diversify their portfolio with a good Southeast Asian stock.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Limited Is A Stock To Watch: High Risk, High Return</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Limited Is A Stock To Watch: High Risk, High Return\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-18 11:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4414622-sea-stock-high-risk-high-return><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nSea Ltd is a potentially high-rewarding long-term investment.\nThe company is involved in three key areas of digital businesses (digital gaming, e-commerce and fintech), which have benefited ...</p>\n\n<a href=\"https://seekingalpha.com/article/4414622-sea-stock-high-risk-high-return\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4414622-sea-stock-high-risk-high-return","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1114091354","content_text":"Summary\n\nSea Ltd is a potentially high-rewarding long-term investment.\nThe company is involved in three key areas of digital businesses (digital gaming, e-commerce and fintech), which have benefited immensely from the pandemic.\nIts future share price movement would depend on the company’s growth and operational expansion, the development of the company’s fintech/digital banking business segment, and potential risks from competitors.\n\nInvestment thesis\nIt is difficult to determine Sea’s(NYSE:SE)share price movement for the short run (early to mid-2021). Its share price has had a spectacular growth in 2020 (rising by about 400%), primarily because of the pandemic, which has benefited from the surge in demand for all its digital businesses. This accelerated growth is unlikely to be repeated in 2021. However, 2021 will continue to usher in strong growth because of increasing online demand in the region.\nSea is a promising company and has the potential to become one of the largest companies in ASEAN because of its strong appetite for growth and expansion. It is already three times the size of Singapore Telecommunication corporation and twice that of PTT (Thai Petroleum) by enterprise value.\nSea’s future share price movement would depend on further increases in revenue growth and new revenue streams. However, it has significant risks and challenges from competition. At the current share price, Sea is 34% over valued (see annex 1) and is trading at 27 times of sales (2.5 times the average of its competitors, see annex 2). However, Sea’s good growth prospects within the next 2 years justify its price.\nSea’s three core businesses (gaming, e-commerce and financial services) have been growing rapidly (160% year-on-year by revenue). The revenue stream to watch in 2021 is its fintech arm (i.e. SeaMoney), which is currently contributing only one percent to Sea’s overall revenue. It has been awarded a banking licence by the Monetary Authority of Singapore in 2020 (1 of 2 awardees) and acquired Bank Kesejahteraan Ekonomi (in Indonesia) in January 2021. Its financial services business is well positioned for a prospective growth towards the end of 2021 and into 2022. SeaMoney on its own could potentially add an additional $15 per share to Sea’s overall share price by end of 2021 (based on fundamental discounted cash flow (DCF) valuation with ADYEN’s historical data as a comparator).\nOverview\nThe bulk of Sea’s business is in Southeast Asia. It operates in three key busines segments, through Garena (digital gaming), Shopee (e-commerce), and SeaMoney (digital financial services). Despite its rapid regional expansion, it has not yet generated profit. This situation is normal for businesses such as Sea, which has been focusing on building market position and expansion. Sea benefited from the COVID-19 pandemic, which accelerated its growth due to the surge in demand for its digital businesses.\nValuation of Sea Ltd\nDetermining a value for Sea is difficult at this point in time as the future potential of SeaMoney has yet to take shape. However, a ten-year DCF projection based on the company’s past performance can be used to determine a minimum intrinsic share price value without the growth contribution of SeaMoney (see figure 1 and table 1). Based on the DCF valuation, a $155.99 share price can be considered a low estimate for Sea. It is unlikely that the share price will drop below this point, barring external shocks and significant regulatory changes to the business sectors that it serves.\nFigure 1: Sea Ltd: Revenues, net income and free cash flows (Millions of Dollars)\nSource: Author’s calculation, with data from Sea Ltd.\nTable 1: Rates used in DCF valuation model\nSource: Author’s calculation, with data from Sea Ltd.\nGrowth drivers\nSea operates in a large agreeable market (Southeast Asia). It is one of the largest and fastest growing regions in the world (4.9% per year in the four next years) with a population of 670 million people and a GDP of $4.7 trillion by 2025 (more than that of India). The region’s internet economy has more than tripled over the past four years, reaching $100 billion in 2019 and is expected to grow to $300 billion by 2025 (a 20% CAGR) according to the Google, Temasek and Bain, e-Conomy SEA 2020 annual report. Digital financial services are another promising market for the region as it is expected to grow to $1 trillion by 2025, accounting for half the money transactions conducted in Southeast Asia.\nSea has multiple revenue streams, and the company has ample opportunities to explore new revenue streams and enhance synergistic advantages. Garena is already profitable and is an exclusive distributor of Tencent Games in Southeast Asia. It has been expanding in game development. This business segment is bank rolling Shopee and SeaMoney. The latter has the potential to contribute to Sea’s future growth. It is currently contributing only 1 percent of Sea’s revenue (see figure 1). It is not unreasonable to assume SeaMoney’s revenue could witness an exponential growth, if compared against the historical growth of Dutch fintech company, Adyen (also with a banking licence) (see figure 2).\nFigure 1: Sea Ltd revenue breakdown\nSource: Author’s calculation, with data from Sea Ltd.\nFigure 2: SeaMoney vs. Adyen revenue\nSource: Author’s calculation, with data from Sea Ltd and Adyen.\nRisks\nThere are some risks to consider. They include the following:\n\nExisting competition (high impact):Given the attractiveness of the markets that Sea participates in, there is fierce competition (especially in e-commerce and fintech) from other players such as Lazada, Grab, Gojek, Tokopedia and Bukalapak. This competitive pressure put into question Sea’s future growth and profits.\nNew competition Gojek/Tokopedia merger (high impact):In January 2021, Gojek and Grab merger talks fell apart. Currently, Gojek and Tokopedia are in the process to merge to form a $40 billion powerhouse and Grab is seeking IPO. The anticipated new entity (Gojek & Tokopedia) will be a formidable competitor to Sea in Indonesia, given Gojek’s and Tokopedia’s extensive business networks in the region.\nFinancial risk (moderate impact):Sea has been increasing its debt leverage, at US$1.92 billion (September 2020) – an increase of US$470.6 million in a year. However, it also has US$3.55 billion in cash, leading to a US$1.63 billion net cash position. While Sea is losing money, it has generated positive free cash flow of US$96 million (September 2020) and therefore has limited short-term balance sheet risk.\nSustainability (high impact):Sea has not been profitable in the past five years and will not be until 2022. It has been using the profits from Garena (its only profitable business segment) to finance the expansion of its e-commerce and Fintech businesses.\nOver-valuation (moderate impact):Sea is currently trading at a price-to-sales ratio of 27 times. This ratio is high as compared with Tencent Holdings at 11 times, Alibaba at 10 times and Meituan at 15 times. Although justifiable, this is a high premium to take on.\nRegulations (high impact):Sea is subject to government regulations. Its financial services business is especially susceptible to regulatory changes. This can be further complicated by the number of countries it operates in. However, this is unlikely to be an issue in Singapore, Sea’s home country.\nShare dilution (moderate impact):Sea has been constantly diluting its shares to support the financing of its various business expansions (see table 2).\n\nTable 2: Sea’s shares\n\nConclusion\nSea Ltd is a potentially high rewarding long-term investment but has a considerable amount of risk. However, the author believes that the company will overcome most of its challenge and strengthen its position as one of the dominant digital players in Southeast Asia. Investors should consider buying Sea as a long-term investment and with the strategy to buy the share when it dips in price and to slowly increase their position over time.\nSea is one of the most exciting stories to watch. Key issues to follow closely are the company’s growth, SeaMoney development and rising challenges for competitors. Sea is defiantly a worthy pick for investors who are looking to diversify their portfolio with a good Southeast Asian stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":97,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324258317,"gmtCreate":1615997183039,"gmtModify":1703496221584,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BAC\">$Bank of America(BAC)$</a>better late than nenever?","listText":"<a href=\"https://laohu8.com/S/BAC\">$Bank of America(BAC)$</a>better late than nenever?","text":"$Bank of America(BAC)$better late than nenever?","images":[{"img":"https://static.tigerbbs.com/1470ed93bbe954fe0a4e5181b07cbb4c","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324258317","isVote":1,"tweetType":1,"viewCount":250,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":322104809,"gmtCreate":1615779475701,"gmtModify":1703492831660,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Justbought in !","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Justbought in !","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Justbought in !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322104809","isVote":1,"tweetType":1,"viewCount":147,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":358779908,"gmtCreate":1616735698304,"gmtModify":1634524283777,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"Please like and comment! Will do the same for you.&nbsp;","listText":"Please like and comment! Will do the same for you.&nbsp;","text":"Please like and comment! Will do the same for you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/358779908","repostId":"1100799979","repostType":4,"repost":{"id":"1100799979","pubTimestamp":1616730844,"share":"https://www.laohu8.com/m/news/1100799979?lang=&edition=full","pubTime":"2021-03-26 11:54","market":"us","language":"en","title":"Stay bullish on the stock market in the face of some fresh sell signals","url":"https://stock-news.laohu8.com/highlight/detail?id=1100799979","media":"marketwatch","summary":"The stock market continues to be led by the Dow Jones Industrial Average,with NASDAQ lagging noticea","content":"<p>The stock market continues to be led by the Dow Jones Industrial Average,with NASDAQ&nbsp;lagging noticeably behind, and the S&amp;P 500 indexcaught somewhere in the middle. This is not a good scenario for stocks.</p>\n<p>There is an old adage that it is not good for the market if the Generals are out in front of the Army (the “Generals” being General Motors, General Electric, etc. – i.e., the mainstays of the Dow of days gone by; the “Army” being the main body of stocks). The point is that if the advance is narrow and limited to the largest institutional stocks, then trouble lies ahead.</p>\n<p>It is a good point, but too vague to implement as a trading system. We would normally see that reflected in breadth (which is now giving a sell signal) and new highs vs. new lows (which is also on a sell signal).</p>\n<p><img src=\"https://static.tigerbbs.com/c46ab28413e089cb3da5f328292ad4e7\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p>\n<p>One positive thing is that the SPX chart is still in an uptrend, as the moving averages and “modified Bollinger Bands” are still trending higher. However, if the S&amp;P breaks through support at 3,870, that uptrend would be called into question. As one can see from the accompanying chart, there is further support near 3,725. If that is broken, the bears would clearly be in charge. Meanwhile, the recent all-time highs, at 3,985, represent resistance.</p>\n<p>What is different today compared to previous minor pullbacks is that several of our internal indicators have weakened considerably and are on sell signals: breadth, new highs vs. new lows, and equity-only put-call ratios.</p>\n<p>Equity-only put-call ratios remain on sell signals that were first generated in mid-February and that have strengthened by beginning to rise rapidly.&nbsp;They are still relatively low on their charts, meaning that there is a lot of room to move higher before one might say they are “oversold.”</p>\n<p><img src=\"https://static.tigerbbs.com/bfd689fa18eceb515c752afa1cb024f7\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN<img src=\"https://static.tigerbbs.com/9216bd23616405d8464aa44f5baea259\" tg-width=\"620\" tg-height=\"460\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p>\n<p>Breadth has deteriorated badly over the past two weeks – especially this last week. Sell signals were generated by the breadth oscillators on March 18 and March 19, and those oscillators have plunged since then.&nbsp;The “stocks only” breadth oscillator has already descended into oversold territory, but “oversold doesn’t mean buy.”</p>\n<p>The NYSE breadth oscillator is also moving lower, but at a much slower pace, since the more positive “Dow-type” stocks have a heavier weight in that oscillator.</p>\n<p>Meanwhile, cumulative breadth has fallen sharply as well. That is not a signal, but it is worth noting that the “stocks only” cumulative advance-decline line has fallen almost 10,000 issues since the cumulative A-D line reached an all-time high on March 15 (that is, over that time, summing the daily figures, declines have outnumbered advances by 10,000 issues).</p>\n<p>A significant development has also occurred in the case of the “new highs vs. new lows” indicator. On March 23, new 52-week lows outnumbered new 52-week highs andnew 52-week lows numbered more than 100 issues — the first time that has happened since last May.&nbsp;That was the case again on March 24.&nbsp;That places this indicator on a sell signal until new highs take control once again.</p>\n<p>Countering the negativity of put-call ratios, breadth, and new highs vs. new lows, is the fact that the volatility indicators still remain generally bullish. VIX has not risen substantially (yet), so the “spike peak” buy signal of March 4 remains in place.</p>\n<p>Moreover, the trend of VIXVIX,-6.56%continues to be lower, as both VIX and its 20-day moving average are below the declining 200-day moving average. In fact, on March 22, VIX closed at its lowest price (18.88) since February 2020.</p>\n<p>If VIX should continue to fall below there, it would be a bullish sign for stocks.</p>\n<p><img src=\"https://static.tigerbbs.com/c5d40b1aedd4e9457306d25814439c92\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p>\n<p>As we’ve noted previously, the fact that VIX has remained so high all during the huge rally over the past year has been a worrisome sign for many traders. But the traders that were keeping VIX higher were actually correct, because realized volatility of SPX (i.e., its 20-day historical volatility) has been just below 20 since early March. Thus, realized volatility rose to meet implied volatility, rather than the other way around (which is more often the case).</p>\n<p>Now, if one wants to make the case that it is worrisome to see both forms of volatility this high, then so be it. But there is no longer any significant difference between the S&amp;P’s realized and implied volatility.</p>\n<p>The construct of volatility derivatives has remained bullish throughout.&nbsp;VIX futures are all trading at premiums to VIX, and the term structure slopes upward through the coming summer. Similarly, the term structure of the CBOE Volatility Indices slopes upward through the next six months as well.</p>\n<p>The first sign of a negative reversal here would be if the April VIX futures traded above the price of May VIX futures.</p>\n<p>Near-term deterioration in some internal indicators is certainly a cause for worry, and small countertrend bearish positions can be taken because of that. However, the S&amp;P’s trend is still higher, and the trend of VIX is still lower – both bullish factors. So we still maintaining a “core” bullish position until those two trends are broken.</p>","source":"lsy1603348471595","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>Stay bullish on the stock market in the face of some fresh sell signals</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStay bullish on the stock market in the face of some fresh sell signals\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-26 11:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/stay-bullish-on-the-stock-market-in-the-face-of-some-fresh-sell-signals-01616682019?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market continues to be led by the Dow Jones Industrial Average,with NASDAQ lagging noticeably behind, and the S&P 500 indexcaught somewhere in the middle. This is not a good scenario for ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stay-bullish-on-the-stock-market-in-the-face-of-some-fresh-sell-signals-01616682019?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d8fb95e65f042f352c6313989391357","relate_stocks":{".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/stay-bullish-on-the-stock-market-in-the-face-of-some-fresh-sell-signals-01616682019?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100799979","content_text":"The stock market continues to be led by the Dow Jones Industrial Average,with NASDAQ lagging noticeably behind, and the S&P 500 indexcaught somewhere in the middle. This is not a good scenario for stocks.\nThere is an old adage that it is not good for the market if the Generals are out in front of the Army (the “Generals” being General Motors, General Electric, etc. – i.e., the mainstays of the Dow of days gone by; the “Army” being the main body of stocks). The point is that if the advance is narrow and limited to the largest institutional stocks, then trouble lies ahead.\nIt is a good point, but too vague to implement as a trading system. We would normally see that reflected in breadth (which is now giving a sell signal) and new highs vs. new lows (which is also on a sell signal).\nLAWRENCE MCMILLAN\nOne positive thing is that the SPX chart is still in an uptrend, as the moving averages and “modified Bollinger Bands” are still trending higher. However, if the S&P breaks through support at 3,870, that uptrend would be called into question. As one can see from the accompanying chart, there is further support near 3,725. If that is broken, the bears would clearly be in charge. Meanwhile, the recent all-time highs, at 3,985, represent resistance.\nWhat is different today compared to previous minor pullbacks is that several of our internal indicators have weakened considerably and are on sell signals: breadth, new highs vs. new lows, and equity-only put-call ratios.\nEquity-only put-call ratios remain on sell signals that were first generated in mid-February and that have strengthened by beginning to rise rapidly. They are still relatively low on their charts, meaning that there is a lot of room to move higher before one might say they are “oversold.”\nLAWRENCE MCMILLANLAWRENCE MCMILLAN\nBreadth has deteriorated badly over the past two weeks – especially this last week. Sell signals were generated by the breadth oscillators on March 18 and March 19, and those oscillators have plunged since then. The “stocks only” breadth oscillator has already descended into oversold territory, but “oversold doesn’t mean buy.”\nThe NYSE breadth oscillator is also moving lower, but at a much slower pace, since the more positive “Dow-type” stocks have a heavier weight in that oscillator.\nMeanwhile, cumulative breadth has fallen sharply as well. That is not a signal, but it is worth noting that the “stocks only” cumulative advance-decline line has fallen almost 10,000 issues since the cumulative A-D line reached an all-time high on March 15 (that is, over that time, summing the daily figures, declines have outnumbered advances by 10,000 issues).\nA significant development has also occurred in the case of the “new highs vs. new lows” indicator. On March 23, new 52-week lows outnumbered new 52-week highs andnew 52-week lows numbered more than 100 issues — the first time that has happened since last May. That was the case again on March 24. That places this indicator on a sell signal until new highs take control once again.\nCountering the negativity of put-call ratios, breadth, and new highs vs. new lows, is the fact that the volatility indicators still remain generally bullish. VIX has not risen substantially (yet), so the “spike peak” buy signal of March 4 remains in place.\nMoreover, the trend of VIXVIX,-6.56%continues to be lower, as both VIX and its 20-day moving average are below the declining 200-day moving average. In fact, on March 22, VIX closed at its lowest price (18.88) since February 2020.\nIf VIX should continue to fall below there, it would be a bullish sign for stocks.\nLAWRENCE MCMILLAN\nAs we’ve noted previously, the fact that VIX has remained so high all during the huge rally over the past year has been a worrisome sign for many traders. But the traders that were keeping VIX higher were actually correct, because realized volatility of SPX (i.e., its 20-day historical volatility) has been just below 20 since early March. Thus, realized volatility rose to meet implied volatility, rather than the other way around (which is more often the case).\nNow, if one wants to make the case that it is worrisome to see both forms of volatility this high, then so be it. But there is no longer any significant difference between the S&P’s realized and implied volatility.\nThe construct of volatility derivatives has remained bullish throughout. VIX futures are all trading at premiums to VIX, and the term structure slopes upward through the coming summer. Similarly, the term structure of the CBOE Volatility Indices slopes upward through the next six months as well.\nThe first sign of a negative reversal here would be if the April VIX futures traded above the price of May VIX futures.\nNear-term deterioration in some internal indicators is certainly a cause for worry, and small countertrend bearish positions can be taken because of that. However, the S&P’s trend is still higher, and the trend of VIX is still lower – both bullish factors. So we still maintaining a “core” bullish position until those two trends are broken.","news_type":1},"isVote":1,"tweetType":1,"viewCount":285,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322104809,"gmtCreate":1615779475701,"gmtModify":1703492831660,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Justbought in !","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Justbought in !","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Justbought in !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322104809","isVote":1,"tweetType":1,"viewCount":147,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358030588,"gmtCreate":1616638675744,"gmtModify":1631883696918,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Still holding on! Should I add more units?","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Still holding on! Should I add more units?","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Still holding on! Should I add more units?","images":[{"img":"https://static.tigerbbs.com/931bc55a21b4ec7b427ef698ff51dce3","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/358030588","isVote":1,"tweetType":1,"viewCount":394,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":327043619,"gmtCreate":1616042728531,"gmtModify":1703496793540,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"Like please~","listText":"Like please~","text":"Like please~","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/327043619","repostId":"1114091354","repostType":4,"repost":{"id":"1114091354","pubTimestamp":1616039884,"share":"https://www.laohu8.com/m/news/1114091354?lang=&edition=full","pubTime":"2021-03-18 11:58","market":"us","language":"en","title":"Sea Limited Is A Stock To Watch: High Risk, High Return","url":"https://stock-news.laohu8.com/highlight/detail?id=1114091354","media":"seekingalpha","summary":"Summary\n\nSea Ltd is a potentially high-rewarding long-term investment.\nThe company is involved in th","content":"<p><b>Summary</b></p>\n<ul>\n <li>Sea Ltd is a potentially high-rewarding long-term investment.</li>\n <li>The company is involved in three key areas of digital businesses (digital gaming, e-commerce and fintech), which have benefited immensely from the pandemic.</li>\n <li>Its future share price movement would depend on the company’s growth and operational expansion, the development of the company’s fintech/digital banking business segment, and potential risks from competitors.</li>\n</ul>\n<p><b>Investment thesis</b></p>\n<p>It is difficult to determine Sea’s(NYSE:SE)share price movement for the short run (early to mid-2021). Its share price has had a spectacular growth in 2020 (rising by about 400%), primarily because of the pandemic, which has benefited from the surge in demand for all its digital businesses. This accelerated growth is unlikely to be repeated in 2021. However, 2021 will continue to usher in strong growth because of increasing online demand in the region.</p>\n<p>Sea is a promising company and has the potential to become one of the largest companies in ASEAN because of its strong appetite for growth and expansion. It is already three times the size of Singapore Telecommunication corporation and twice that of PTT (Thai Petroleum) by enterprise value.</p>\n<p>Sea’s future share price movement would depend on further increases in revenue growth and new revenue streams. However, it has significant risks and challenges from competition. At the current share price, Sea is 34% over valued (see annex 1) and is trading at 27 times of sales (2.5 times the average of its competitors, see annex 2). However, Sea’s good growth prospects within the next 2 years justify its price.</p>\n<p>Sea’s three core businesses (gaming, e-commerce and financial services) have been growing rapidly (160% year-on-year by revenue). The revenue stream to watch in 2021 is its fintech arm (i.e. SeaMoney), which is currently contributing only one percent to Sea’s overall revenue. It has been awarded a banking licence by the Monetary Authority of Singapore in 2020 (1 of 2 awardees) and acquired Bank Kesejahteraan Ekonomi (in Indonesia) in January 2021. Its financial services business is well positioned for a prospective growth towards the end of 2021 and into 2022. SeaMoney on its own could potentially add an additional $15 per share to Sea’s overall share price by end of 2021 (based on fundamental discounted cash flow (DCF) valuation with ADYEN’s historical data as a comparator).</p>\n<p><b>Overview</b></p>\n<p>The bulk of Sea’s business is in Southeast Asia. It operates in three key busines segments, through Garena (digital gaming), Shopee (e-commerce), and SeaMoney (digital financial services). Despite its rapid regional expansion, it has not yet generated profit. This situation is normal for businesses such as Sea, which has been focusing on building market position and expansion. Sea benefited from the COVID-19 pandemic, which accelerated its growth due to the surge in demand for its digital businesses.</p>\n<p><b>Valuation of Sea Ltd</b></p>\n<p>Determining a value for Sea is difficult at this point in time as the future potential of SeaMoney has yet to take shape. However, a ten-year DCF projection based on the company’s past performance can be used to determine a minimum intrinsic share price value without the growth contribution of SeaMoney (see figure 1 and table 1). Based on the DCF valuation, a $155.99 share price can be considered a low estimate for Sea. It is unlikely that the share price will drop below this point, barring external shocks and significant regulatory changes to the business sectors that it serves.</p>\n<p>Figure 1: Sea Ltd: Revenues, net income and free cash flows (Millions of Dollars)</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a9f9a3ff141d8761555a1cb4ad168586\" tg-width=\"640\" tg-height=\"194\"><span>Source: Author’s calculation, with data from Sea Ltd.</span></p>\n<p>Table 1: Rates used in DCF valuation model</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/46e2934fedb8823d20be4440df7468c0\" tg-width=\"680\" tg-height=\"788\"><span>Source: Author’s calculation, with data from Sea Ltd.</span></p>\n<p><b>Growth drivers</b></p>\n<p>Sea operates in a large agreeable market (Southeast Asia). It is one of the largest and fastest growing regions in the world (4.9% per year in the four next years) with a population of 670 million people and a GDP of $4.7 trillion by 2025 (more than that of India). The region’s internet economy has more than tripled over the past four years, reaching $100 billion in 2019 and is expected to grow to $300 billion by 2025 (a 20% CAGR) according to the&nbsp;Google, Temasek and Bain, e-Conomy SEA 2020 annual report. Digital financial services are another promising market for the region as it is expected to grow to $1 trillion by 2025, accounting for half the money transactions conducted in Southeast Asia.</p>\n<p>Sea has multiple revenue streams, and the company has ample opportunities to explore new revenue streams and enhance synergistic advantages. Garena is already profitable and is an exclusive distributor of Tencent Games in Southeast Asia. It has been expanding in game development. This business segment is bank rolling Shopee and SeaMoney. The latter has the potential to contribute to Sea’s future growth. It is currently contributing only 1 percent of Sea’s revenue (see figure 1). It is not unreasonable to assume SeaMoney’s revenue could witness an exponential growth, if compared against the historical growth of Dutch fintech company, Adyen (also with a banking licence) (see figure 2).</p>\n<p><b>Figure 1: Sea Ltd revenue breakdown</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4514c7c949a9478fd1e1f2ad6e172603\" tg-width=\"603\" tg-height=\"321\"><span>Source: Author’s calculation, with data from Sea Ltd.</span></p>\n<p><b>Figure 2: SeaMoney vs. Adyen revenue</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6e6e7ed37e276589de723d7dffe1f16a\" tg-width=\"603\" tg-height=\"306\"><span>Source: Author’s calculation, with data from Sea Ltd and Adyen.</span></p>\n<p><b>Risks</b></p>\n<p>There are some risks to consider. They include the following:</p>\n<ol>\n <li><i>Existing competition (high impact):</i>Given the attractiveness of the markets that Sea participates in, there is fierce competition (especially in e-commerce and fintech) from other players such as Lazada, Grab, Gojek, Tokopedia and Bukalapak. This competitive pressure put into question Sea’s future growth and profits.</li>\n <li><i>New competition Gojek/Tokopedia merger (high impact):</i>In January 2021, Gojek and Grab merger talks fell apart. Currently, Gojek and Tokopedia are in the process to merge to form a $40 billion powerhouse and Grab is seeking IPO. The anticipated new entity (Gojek &amp; Tokopedia) will be a formidable competitor to Sea in Indonesia, given Gojek’s and Tokopedia’s extensive business networks in the region.</li>\n <li><i>Financial risk (moderate impact):</i>Sea has been increasing its debt leverage, at US$1.92 billion (September 2020) – an increase of US$470.6 million in a year. However, it also has US$3.55 billion in cash, leading to a US$1.63 billion net cash position. While Sea is losing money, it has generated positive free cash flow of US$96 million (September 2020) and therefore has limited short-term balance sheet risk.</li>\n <li><i>Sustainability (high impact):</i>Sea has not been profitable in the past five years and will not be until 2022. It has been using the profits from Garena (its only profitable business segment) to finance the expansion of its e-commerce and Fintech businesses.</li>\n <li><i>Over-valuation (moderate impact):</i>Sea is currently trading at a price-to-sales ratio of 27 times. This ratio is high as compared with Tencent Holdings at 11 times, Alibaba at 10 times and Meituan at 15 times. Although justifiable, this is a high premium to take on.</li>\n <li><i>Regulations (high impact):</i>Sea is subject to government regulations. Its financial services business is especially susceptible to regulatory changes. This can be further complicated by the number of countries it operates in. However, this is unlikely to be an issue in Singapore, Sea’s home country.</li>\n <li><i>Share dilution (moderate impact):</i>Sea has been constantly diluting its shares to support the financing of its various business expansions (see table 2).</li>\n</ol>\n<p>Table 2: Sea’s shares</p>\n<p><img src=\"https://static.tigerbbs.com/aab6b2ad5a564bfe638c9a6b93a0f458\" tg-width=\"815\" tg-height=\"396\"></p>\n<p><b>Conclusion</b></p>\n<p>Sea Ltd is a potentially high rewarding long-term investment but has a considerable amount of risk. However, the author believes that the company will overcome most of its challenge and strengthen its position as one of the dominant digital players in Southeast Asia. Investors should consider buying Sea as a long-term investment and with the strategy to buy the share when it dips in price and to slowly increase their position over time.</p>\n<p>Sea is one of the most exciting stories to watch. Key issues to follow closely are the company’s growth, SeaMoney development and rising challenges for competitors. Sea is defiantly a worthy pick for investors who are looking to diversify their portfolio with a good Southeast Asian stock.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Limited Is A Stock To Watch: High Risk, High Return</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Limited Is A Stock To Watch: High Risk, High Return\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-18 11:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4414622-sea-stock-high-risk-high-return><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nSea Ltd is a potentially high-rewarding long-term investment.\nThe company is involved in three key areas of digital businesses (digital gaming, e-commerce and fintech), which have benefited ...</p>\n\n<a href=\"https://seekingalpha.com/article/4414622-sea-stock-high-risk-high-return\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4414622-sea-stock-high-risk-high-return","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1114091354","content_text":"Summary\n\nSea Ltd is a potentially high-rewarding long-term investment.\nThe company is involved in three key areas of digital businesses (digital gaming, e-commerce and fintech), which have benefited immensely from the pandemic.\nIts future share price movement would depend on the company’s growth and operational expansion, the development of the company’s fintech/digital banking business segment, and potential risks from competitors.\n\nInvestment thesis\nIt is difficult to determine Sea’s(NYSE:SE)share price movement for the short run (early to mid-2021). Its share price has had a spectacular growth in 2020 (rising by about 400%), primarily because of the pandemic, which has benefited from the surge in demand for all its digital businesses. This accelerated growth is unlikely to be repeated in 2021. However, 2021 will continue to usher in strong growth because of increasing online demand in the region.\nSea is a promising company and has the potential to become one of the largest companies in ASEAN because of its strong appetite for growth and expansion. It is already three times the size of Singapore Telecommunication corporation and twice that of PTT (Thai Petroleum) by enterprise value.\nSea’s future share price movement would depend on further increases in revenue growth and new revenue streams. However, it has significant risks and challenges from competition. At the current share price, Sea is 34% over valued (see annex 1) and is trading at 27 times of sales (2.5 times the average of its competitors, see annex 2). However, Sea’s good growth prospects within the next 2 years justify its price.\nSea’s three core businesses (gaming, e-commerce and financial services) have been growing rapidly (160% year-on-year by revenue). The revenue stream to watch in 2021 is its fintech arm (i.e. SeaMoney), which is currently contributing only one percent to Sea’s overall revenue. It has been awarded a banking licence by the Monetary Authority of Singapore in 2020 (1 of 2 awardees) and acquired Bank Kesejahteraan Ekonomi (in Indonesia) in January 2021. Its financial services business is well positioned for a prospective growth towards the end of 2021 and into 2022. SeaMoney on its own could potentially add an additional $15 per share to Sea’s overall share price by end of 2021 (based on fundamental discounted cash flow (DCF) valuation with ADYEN’s historical data as a comparator).\nOverview\nThe bulk of Sea’s business is in Southeast Asia. It operates in three key busines segments, through Garena (digital gaming), Shopee (e-commerce), and SeaMoney (digital financial services). Despite its rapid regional expansion, it has not yet generated profit. This situation is normal for businesses such as Sea, which has been focusing on building market position and expansion. Sea benefited from the COVID-19 pandemic, which accelerated its growth due to the surge in demand for its digital businesses.\nValuation of Sea Ltd\nDetermining a value for Sea is difficult at this point in time as the future potential of SeaMoney has yet to take shape. However, a ten-year DCF projection based on the company’s past performance can be used to determine a minimum intrinsic share price value without the growth contribution of SeaMoney (see figure 1 and table 1). Based on the DCF valuation, a $155.99 share price can be considered a low estimate for Sea. It is unlikely that the share price will drop below this point, barring external shocks and significant regulatory changes to the business sectors that it serves.\nFigure 1: Sea Ltd: Revenues, net income and free cash flows (Millions of Dollars)\nSource: Author’s calculation, with data from Sea Ltd.\nTable 1: Rates used in DCF valuation model\nSource: Author’s calculation, with data from Sea Ltd.\nGrowth drivers\nSea operates in a large agreeable market (Southeast Asia). It is one of the largest and fastest growing regions in the world (4.9% per year in the four next years) with a population of 670 million people and a GDP of $4.7 trillion by 2025 (more than that of India). The region’s internet economy has more than tripled over the past four years, reaching $100 billion in 2019 and is expected to grow to $300 billion by 2025 (a 20% CAGR) according to the Google, Temasek and Bain, e-Conomy SEA 2020 annual report. Digital financial services are another promising market for the region as it is expected to grow to $1 trillion by 2025, accounting for half the money transactions conducted in Southeast Asia.\nSea has multiple revenue streams, and the company has ample opportunities to explore new revenue streams and enhance synergistic advantages. Garena is already profitable and is an exclusive distributor of Tencent Games in Southeast Asia. It has been expanding in game development. This business segment is bank rolling Shopee and SeaMoney. The latter has the potential to contribute to Sea’s future growth. It is currently contributing only 1 percent of Sea’s revenue (see figure 1). It is not unreasonable to assume SeaMoney’s revenue could witness an exponential growth, if compared against the historical growth of Dutch fintech company, Adyen (also with a banking licence) (see figure 2).\nFigure 1: Sea Ltd revenue breakdown\nSource: Author’s calculation, with data from Sea Ltd.\nFigure 2: SeaMoney vs. Adyen revenue\nSource: Author’s calculation, with data from Sea Ltd and Adyen.\nRisks\nThere are some risks to consider. They include the following:\n\nExisting competition (high impact):Given the attractiveness of the markets that Sea participates in, there is fierce competition (especially in e-commerce and fintech) from other players such as Lazada, Grab, Gojek, Tokopedia and Bukalapak. This competitive pressure put into question Sea’s future growth and profits.\nNew competition Gojek/Tokopedia merger (high impact):In January 2021, Gojek and Grab merger talks fell apart. Currently, Gojek and Tokopedia are in the process to merge to form a $40 billion powerhouse and Grab is seeking IPO. The anticipated new entity (Gojek & Tokopedia) will be a formidable competitor to Sea in Indonesia, given Gojek’s and Tokopedia’s extensive business networks in the region.\nFinancial risk (moderate impact):Sea has been increasing its debt leverage, at US$1.92 billion (September 2020) – an increase of US$470.6 million in a year. However, it also has US$3.55 billion in cash, leading to a US$1.63 billion net cash position. While Sea is losing money, it has generated positive free cash flow of US$96 million (September 2020) and therefore has limited short-term balance sheet risk.\nSustainability (high impact):Sea has not been profitable in the past five years and will not be until 2022. It has been using the profits from Garena (its only profitable business segment) to finance the expansion of its e-commerce and Fintech businesses.\nOver-valuation (moderate impact):Sea is currently trading at a price-to-sales ratio of 27 times. This ratio is high as compared with Tencent Holdings at 11 times, Alibaba at 10 times and Meituan at 15 times. Although justifiable, this is a high premium to take on.\nRegulations (high impact):Sea is subject to government regulations. Its financial services business is especially susceptible to regulatory changes. This can be further complicated by the number of countries it operates in. However, this is unlikely to be an issue in Singapore, Sea’s home country.\nShare dilution (moderate impact):Sea has been constantly diluting its shares to support the financing of its various business expansions (see table 2).\n\nTable 2: Sea’s shares\n\nConclusion\nSea Ltd is a potentially high rewarding long-term investment but has a considerable amount of risk. However, the author believes that the company will overcome most of its challenge and strengthen its position as one of the dominant digital players in Southeast Asia. Investors should consider buying Sea as a long-term investment and with the strategy to buy the share when it dips in price and to slowly increase their position over time.\nSea is one of the most exciting stories to watch. Key issues to follow closely are the company’s growth, SeaMoney development and rising challenges for competitors. Sea is defiantly a worthy pick for investors who are looking to diversify their portfolio with a good Southeast Asian stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":97,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800906899,"gmtCreate":1627269340811,"gmtModify":1631883693061,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>🥲","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>🥲","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$🥲","images":[{"img":"https://static.tigerbbs.com/9c295064a90b39dfdaf27d56c20dd3ef","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/800906899","isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":358038253,"gmtCreate":1616638923672,"gmtModify":1634524789198,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"Hang in there! Is this a good opportunity to buy in?","listText":"Hang in there! Is this a good opportunity to buy in?","text":"Hang in there! Is this a good opportunity to buy in?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/358038253","repostId":"1193689570","repostType":4,"repost":{"id":"1193689570","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":1616635457,"share":"https://www.laohu8.com/m/news/1193689570?lang=&edition=full","pubTime":"2021-03-25 09:24","market":"hk","language":"en","title":"The Hang Seng Index fell 1.04% at the opening. Baidu Group fell more than 9%","url":"https://stock-news.laohu8.com/highlight/detail?id=1193689570","media":"Tiger Newspress","summary":"Hong Kong stocks opened, and the HSI opened 1.04% lower. Technology stocks and Hong Kong local stock","content":"<p>Hong Kong stocks opened, and the HSI opened 1.04% lower. Technology stocks and Hong Kong local stocks continued to fall under pressure. Tencent Holdings opened nearly 4% lower, hitting the 600 Hong Kong dollar mark.</p><p><img src=\"https://static.tigerbbs.com/fabd51f049677ea8ecfac90f9b86bb5f\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Baidu opened 9.09% lower and reported 228 Hong Kong dollars, a record low. The turnover temporarily recorded 77.8 million Hong Kong dollars.</p><p><img src=\"https://static.tigerbbs.com/f36b74df301e2a4ac23e0f02f3c971c2\" tg-width=\"840\" tg-height=\"470\"></p><p>Xiaomi Group fell 4.6%, and its revenue and net profit performance in 2020 fell short of market expectations.</p><p>JD.com and Meituan both fell more than 3%.</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>The Hang Seng Index fell 1.04% at the opening. Baidu Group fell more than 9%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Hang Seng Index fell 1.04% at the opening. Baidu Group fell more than 9%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-03-25 09:24</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Hong Kong stocks opened, and the HSI opened 1.04% lower. Technology stocks and Hong Kong local stocks continued to fall under pressure. Tencent Holdings opened nearly 4% lower, hitting the 600 Hong Kong dollar mark.</p><p><img src=\"https://static.tigerbbs.com/fabd51f049677ea8ecfac90f9b86bb5f\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Baidu opened 9.09% lower and reported 228 Hong Kong dollars, a record low. The turnover temporarily recorded 77.8 million Hong Kong dollars.</p><p><img src=\"https://static.tigerbbs.com/f36b74df301e2a4ac23e0f02f3c971c2\" tg-width=\"840\" tg-height=\"470\"></p><p>Xiaomi Group fell 4.6%, and its revenue and net profit performance in 2020 fell short of market expectations.</p><p>JD.com and Meituan both fell more than 3%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c1cb237e736a4e03c939622e7b71e8e7","relate_stocks":{"00700":"腾讯控股"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193689570","content_text":"Hong Kong stocks opened, and the HSI opened 1.04% lower. Technology stocks and Hong Kong local stocks continued to fall under pressure. Tencent Holdings opened nearly 4% lower, hitting the 600 Hong Kong dollar mark.Baidu opened 9.09% lower and reported 228 Hong Kong dollars, a record low. The turnover temporarily recorded 77.8 million Hong Kong dollars.Xiaomi Group fell 4.6%, and its revenue and net profit performance in 2020 fell short of market expectations.JD.com and Meituan both fell more than 3%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":283,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353850610,"gmtCreate":1616484132030,"gmtModify":1631883696957,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Bought on dip","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Bought on dip","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Bought on dip","images":[{"img":"https://static.tigerbbs.com/d561592454a51e0a0095505fd40527bd","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/353850610","isVote":1,"tweetType":1,"viewCount":84,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":351384900,"gmtCreate":1616564468700,"gmtModify":1631883696941,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Dropped again today","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Dropped again today","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Dropped again today","images":[{"img":"https://static.tigerbbs.com/30626d2ba4a6ef4f25a4323ca0e50cf1","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/351384900","isVote":1,"tweetType":1,"viewCount":240,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":324258317,"gmtCreate":1615997183039,"gmtModify":1703496221584,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BAC\">$Bank of America(BAC)$</a>better late than nenever?","listText":"<a href=\"https://laohu8.com/S/BAC\">$Bank of America(BAC)$</a>better late than nenever?","text":"$Bank of America(BAC)$better late than nenever?","images":[{"img":"https://static.tigerbbs.com/1470ed93bbe954fe0a4e5181b07cbb4c","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324258317","isVote":1,"tweetType":1,"viewCount":250,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":358776876,"gmtCreate":1616736151295,"gmtModify":1634524281453,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"Yes!&nbsp;","listText":"Yes!&nbsp;","text":"Yes!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/358776876","repostId":"1140607641","repostType":4,"repost":{"id":"1140607641","pubTimestamp":1616721140,"share":"https://www.laohu8.com/m/news/1140607641?lang=&edition=full","pubTime":"2021-03-26 09:12","market":"us","language":"en","title":"Fed Lifting Limits on Bank Dividends and Share Repurchases","url":"https://stock-news.laohu8.com/highlight/detail?id=1140607641","media":"thestreet","summary":"The Federal Reserve said after the bell Thursday that it plans to lift restrictions on bank dividend","content":"<p>The Federal Reserve said after the bell Thursday that it plans to lift restrictions on bank dividends and share buybacks for most firms after June 30.</p>\n<p>The temporary restrictions, imposed as the coronavirus pandemic forced economic shutdowns, limited banks’ ability to raise their dividends and execute share buyback plans.</p>\n<p>However, with the economy gathering steam and unemployment claims continuing to fall, the Fed said it would lift the restrictions on banks with capital levels above those required by the stress tests currently underway. The Fed’s stress tests examine major banks’ balance sheets and their ability to withstand unusual financial events, including sharp market drops and abrupt housing price declines.</p>\n<p>\"The banking system continues to be a source of strength and returning to our normal framework after this year's stress test will preserve that strength,\" Vice Chair for Supervision Randal K. Quarles said.</p>\n<p>Shares of major banks rose in after-hours trading Thursday after logging gains in the regular session ahead of the Fed’s announcement.</p>\n<p>In after-hours action Citigroup&nbsp;(<b>C</b>) -Get Report&nbsp;rose 75 cents, or 1%, to $72.47; JPMorgan Chase&nbsp;(<b>JPM</b>) -Get Reportrose $1.09, or 0.7%, to $154.64; Bank of America Corp.&nbsp;(<b>BAC</b>) -Get Reportgained 33 cents, or 0.9%, to $37.99, and Wells Fargo&nbsp;(<b>WFC</b>) -Get Report&nbsp;rose 31 cents, or 0.8%, to $39.61.</p>\n<p>Rebounding interest rates have fueled optimism for banks in recent weeks on expectations bank lending businesses can begin to make more money on the differences between long-term and short-term rates. The Financial Select Spider Fund&nbsp;(<b>XLF</b>) -Get Report, is up almost 13% so far this year.</p>\n<p>Stocksshook off losses and finished higher Thursdayas investors weighed encouraging economic data and assessed progress in the fight against COVID-19.</p>\n<p>President Joe Biden said Thursdayhe doubled his vaccination goal to 200 million shots in his first 100 days in office.</p>\n<p>The Dow Jones Industrial Average finished up 199 points, or 0.62%, at 32,619, the S&amp;P 500 rose 0.52% and the tech-heavy Nasdaq ticked up 0.12%.</p>\n<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>Fed Lifting Limits on Bank Dividends and Share Repurchases</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Lifting Limits on Bank Dividends and Share Repurchases\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-26 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/fed-lifting-limits-on-bank-dividends-and-share-repurchases><strong>thestreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Federal Reserve said after the bell Thursday that it plans to lift restrictions on bank dividends and share buybacks for most firms after June 30.\nThe temporary restrictions, imposed as the ...</p>\n\n<a href=\"https://www.thestreet.com/investing/fed-lifting-limits-on-bank-dividends-and-share-repurchases\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/fed-lifting-limits-on-bank-dividends-and-share-repurchases","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140607641","content_text":"The Federal Reserve said after the bell Thursday that it plans to lift restrictions on bank dividends and share buybacks for most firms after June 30.\nThe temporary restrictions, imposed as the coronavirus pandemic forced economic shutdowns, limited banks’ ability to raise their dividends and execute share buyback plans.\nHowever, with the economy gathering steam and unemployment claims continuing to fall, the Fed said it would lift the restrictions on banks with capital levels above those required by the stress tests currently underway. The Fed’s stress tests examine major banks’ balance sheets and their ability to withstand unusual financial events, including sharp market drops and abrupt housing price declines.\n\"The banking system continues to be a source of strength and returning to our normal framework after this year's stress test will preserve that strength,\" Vice Chair for Supervision Randal K. Quarles said.\nShares of major banks rose in after-hours trading Thursday after logging gains in the regular session ahead of the Fed’s announcement.\nIn after-hours action Citigroup (C) -Get Report rose 75 cents, or 1%, to $72.47; JPMorgan Chase (JPM) -Get Reportrose $1.09, or 0.7%, to $154.64; Bank of America Corp. (BAC) -Get Reportgained 33 cents, or 0.9%, to $37.99, and Wells Fargo (WFC) -Get Report rose 31 cents, or 0.8%, to $39.61.\nRebounding interest rates have fueled optimism for banks in recent weeks on expectations bank lending businesses can begin to make more money on the differences between long-term and short-term rates. The Financial Select Spider Fund (XLF) -Get Report, is up almost 13% so far this year.\nStocksshook off losses and finished higher Thursdayas investors weighed encouraging economic data and assessed progress in the fight against COVID-19.\nPresident Joe Biden said Thursdayhe doubled his vaccination goal to 200 million shots in his first 100 days in office.\nThe Dow Jones Industrial Average finished up 199 points, or 0.62%, at 32,619, the S&P 500 rose 0.52% and the tech-heavy Nasdaq ticked up 0.12%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":150,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353151484,"gmtCreate":1616472976548,"gmtModify":1631883696966,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Jiayou","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Jiayou","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Jiayou","images":[{"img":"https://static.tigerbbs.com/d2083d414920369627ccaca1106fe98d","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/353151484","isVote":1,"tweetType":1,"viewCount":60,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":199863711,"gmtCreate":1620695315733,"gmtModify":1631883695733,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Huhuhu :(","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Huhuhu :(","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Huhuhu :(","images":[{"img":"https://static.tigerbbs.com/9e47c7882979c9d6cb86e0f5b9d1b70b","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/199863711","isVote":1,"tweetType":1,"viewCount":64,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":358772305,"gmtCreate":1616736237707,"gmtModify":1634524280855,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"Good news for banks!&nbsp;","listText":"Good news for banks!&nbsp;","text":"Good news for banks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/358772305","repostId":"1160028272","repostType":4,"isVote":1,"tweetType":1,"viewCount":164,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358778769,"gmtCreate":1616736081051,"gmtModify":1634524281913,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"Anybody know why&nbsp;singtel is up 3% today?","listText":"Anybody know why&nbsp;singtel is up 3% today?","text":"Anybody know why singtel is up 3% today?","images":[{"img":"https://static.tigerbbs.com/e64a3ec8d863990aa151698812da05f8","width":"1125","height":"2179"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/358778769","isVote":1,"tweetType":1,"viewCount":297,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":358773375,"gmtCreate":1616735805897,"gmtModify":1631885279838,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BAC\">$Bank of America(BAC)$</a>continue upwards&nbsp;","listText":"<a href=\"https://laohu8.com/S/BAC\">$Bank of America(BAC)$</a>continue upwards&nbsp;","text":"$Bank of America(BAC)$continue upwards","images":[{"img":"https://static.tigerbbs.com/a9132eec53ad9346577e7e8a19fb1763","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/358773375","isVote":1,"tweetType":1,"viewCount":482,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":353827896,"gmtCreate":1616483938815,"gmtModify":1634525587504,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"Is it still a good buy?&nbsp;Like and comment thanks","listText":"Is it still a good buy?&nbsp;Like and comment thanks","text":"Is it still a good buy? Like and comment thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/353827896","repostId":"1113268864","repostType":4,"repost":{"id":"1113268864","pubTimestamp":1616476327,"share":"https://www.laohu8.com/m/news/1113268864?lang=&edition=full","pubTime":"2021-03-23 13:12","market":"us","language":"en","title":"Baidu has rallied 200% in the past year. Analysts bet it can keep going as it lists in Hong Kong","url":"https://stock-news.laohu8.com/highlight/detail?id=1113268864","media":"cnbc","summary":"KEY POINTS\n\nBaidu shares rose just under 1% at the open in the company’s Hong Kong debut Tuesday.\nTh","content":"<div>\n<p>KEY POINTS\n\nBaidu shares rose just under 1% at the open in the company’s Hong Kong debut Tuesday.\nThe Chinese technology giant, which is already listed in the U.S., raised $3.1 billion in the Hong ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/23/baidu-shares-debut-in-hong-kong-secondary-listing.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Baidu has rallied 200% in the past year. Analysts bet it can keep going as it lists in Hong Kong</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBaidu has rallied 200% in the past year. Analysts bet it can keep going as it lists in Hong Kong\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-23 13:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/23/baidu-shares-debut-in-hong-kong-secondary-listing.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBaidu shares rose just under 1% at the open in the company’s Hong Kong debut Tuesday.\nThe Chinese technology giant, which is already listed in the U.S., raised $3.1 billion in the Hong ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/23/baidu-shares-debut-in-hong-kong-secondary-listing.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0cb3c6c3c55603d00a14ee3389850b7f","relate_stocks":{"09888":"百度集团-SW","BIDU":"百度"},"source_url":"https://www.cnbc.com/2021/03/23/baidu-shares-debut-in-hong-kong-secondary-listing.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1113268864","content_text":"KEY POINTS\n\nBaidu shares rose just under 1% at the open in the company’s Hong Kong debut Tuesday.\nThe Chinese technology giant, which is already listed in the U.S., raised $3.1 billion in the Hong Kong secondary listing.\nBaidu, operator of China’s largest search engine, has had a rough couple years from mid-2018 and lagged behind rivals such as Alibaba and Tencent.\n\nGUANGZHOU, China —Baidushares rose just under 1% at the open in the company’s Hong Kong debut Tuesday.\nThe Chinese technology giant, which is already listed in the U.S.,raised $3.1 billion in the Hong Kong secondary listing. Shares pared those gains during morning trade.\nUnlike initial public offerings, secondary listings may not be greeted with massive first-day rallies as shares of the company are already trading on another exchange.\nThe Hong Kong listing is a big moment for Baidu, China’s largest search engine. The company has had a rough couple years from mid-2018 and lagged behind rivals such asAlibabaandTencent. Baidu failed to move quickly asChinese users flocked to mobile search and a tough advertising market hurt the business.\nBut a turnaround, led by CEO Robin Li, has centered on convincing investors that the technology giant is a leader in artificial intelligence and autonomous driving in a bid to diversify its revenue stream beyond advertising. And that seems to paying off.\nIn mid-May 2018,Baidu’sU.S.-listed shares closed at $284.07 a share, a record high at the time. But the stock subsequently fell over 70% to a trough of $83.62 in March 2020 amid the stock market crash. That was the lowest close since April 2013.\nBut since the March 2020 low, shares have rallied over 200%. Baidu shares hit an all time high of $354.82 in February.\n“I think EV (electric vehicles) is part of the story. At the same time, cloud computing, integrating AI, these are all the areas where Baidu has been investing in very heavily really since 2014 and we’re just starting to see the fruits of those labors,” Brendan Ahern, chief investment officer at KraneShares, told “Squawk Box Asia” on Tuesday.\nBaidu has an autonomous driving system called Apollo which can be sold to automakers. The companystarted a standalone electric vehicle company in partnership with Chinese carmaker Geely. Baidu is also testing robotaxis in cities including in Beijing. And last month, the firm launched a smart transportation project in the southern Chinese city of Guangzhou, its biggest yet.\nJames Lee, U.S. and China internet analyst at Mizuho Securities, has a $350 price target on Baidu’s U.S.-listed shares, which is 31% higher than Monday’s closing price on Wall Street. He said that the autonomous driving business could be valued at $40 billion and that the Chinese government will continue to support this industry with favorable policies. Lee also said he expects Baidu’s advertising business to continue to gain momentum in the first quarter of this year.\n“We do like the fundamentals of the company and we continue to expect the Baidu shares will outperform the market,” Lee told “Street Signs Asia” on Tuesday.\nMeanwhile, Baidu has been looking to further diversify its revenue streams. The companyhas raised money for its Kunlun artificial intelligence semiconductor unit which is valued at $2 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}