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How Rivian's IPO Drove EV Stocks Higher Thursday

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Huat Ah 👍","listText":"Sembcorp Marine rising tomorrow. Huat Ah 👍","text":"Sembcorp Marine rising tomorrow. Huat Ah 👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/690882333","isVote":1,"tweetType":1,"viewCount":733,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879386815,"gmtCreate":1636682383565,"gmtModify":1636683159832,"author":{"id":"3580799026700204","authorId":"3580799026700204","authorIdStr":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879386815","repostId":"1182417400","repostType":4,"repost":{"id":"1182417400","pubTimestamp":1636678298,"share":"https://www.laohu8.com/m/news/1182417400?lang=&edition=full","pubTime":"2021-11-12 08:51","market":"hk","language":"en","title":"How Rivian's IPO Drove EV Stocks Higher Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1182417400","media":"24/7 wall st","summary":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal com","content":"<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).</p>\n<p>Rivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John <a href=\"https://laohu8.com/S/MUR\">Murphy</a> and his team also raised their price objectives for <a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a>. (NASDAQ: LCID) from $30 to $60 and for <a href=\"https://laohu8.com/S/FSR\">Fisker Inc.</a> (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.</p>\n<p>BofA also maintained its price objectives on two other EV makers. <a href=\"https://laohu8.com/S/GOEV\">Canoo Inc.</a> (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.</p>\n<p>One interesting note in BofA’s analysis is its summation of Tesla’s dominance:</p>\n<blockquote>\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n</blockquote>\n<p>Left unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:</p>\n<blockquote>\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n</blockquote>\n<p>The downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.</p>\n<p>Rivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.</p>\n<p>Electric van maker <a href=\"https://laohu8.com/S/ARVL\">Arrival</a> S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.</p>\n<p><a href=\"https://laohu8.com/S/WKHS\">Workhorse</a> Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.</p>\n<p><a href=\"https://laohu8.com/S/CAAS\">China</a>-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.</p>\n<p>Lucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.</p>\n<p>Canoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.</p>\n<p>Lordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.</p>\n<p>Tesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.</p>\n<p>Legacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. <a href=\"https://laohu8.com/S/GM\">General Motors</a> Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and <a href=\"https://laohu8.com/S/F\">Ford</a> Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.</p>","source":"lsy1636345238431","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>How Rivian's IPO Drove EV Stocks Higher Thursday</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\">\nHow Rivian's IPO Drove EV Stocks Higher Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 08:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/><strong>24/7 wall st</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all ...</p>\n\n<a href=\"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WKHS":"Workhorse Group, Inc.","LCID":"Lucid Group Inc","XPEV":"小鹏汽车"},"source_url":"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182417400","content_text":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).\nRivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John Murphy and his team also raised their price objectives for Lucid Group Inc. (NASDAQ: LCID) from $30 to $60 and for Fisker Inc. (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.\nBofA also maintained its price objectives on two other EV makers. Canoo Inc. (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.\nOne interesting note in BofA’s analysis is its summation of Tesla’s dominance:\n\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n\nLeft unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:\n\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n\nThe downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.\nRivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.\nElectric van maker Arrival S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.\nWorkhorse Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.\nChina-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.\nLucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.\nCanoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.\nLordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.\nTesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.\nLegacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. General Motors Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and Ford Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.","news_type":1},"isVote":1,"tweetType":1,"viewCount":599,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879388306,"gmtCreate":1636682340246,"gmtModify":1636683154524,"author":{"id":"3580799026700204","authorId":"3580799026700204","authorIdStr":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/8K7.SI\">$UG HEALTHCARE CORPORATION LTD(8K7.SI)$</a>UG Healthcare rising","listText":"<a href=\"https://laohu8.com/S/8K7.SI\">$UG HEALTHCARE CORPORATION LTD(8K7.SI)$</a>UG Healthcare rising","text":"$UG HEALTHCARE CORPORATION LTD(8K7.SI)$UG Healthcare rising","images":[{"img":"https://static.tigerbbs.com/ef4e0d6d05a0ab9480834684037b4f87","width":"1080","height":"3075"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879388306","isVote":1,"tweetType":1,"viewCount":550,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":879381693,"gmtCreate":1636682270279,"gmtModify":1636683153565,"author":{"id":"3580799026700204","authorId":"3580799026700204","authorIdStr":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/879381693","repostId":"1107984726","repostType":4,"repost":{"id":"1107984726","pubTimestamp":1636680150,"share":"https://www.laohu8.com/m/news/1107984726?lang=&edition=full","pubTime":"2021-11-12 09:22","market":"us","language":"en","title":"Hong Kong Bourse Predicted To Open In The Green","url":"https://stock-news.laohu8.com/highlight/detail?id=1107984726","media":"RTTNews","summary":"(RTTNews) - The Hong Kong stock market has climbed higher in three straight sessions, advancing more","content":"<p>(RTTNews) - The Hong Kong stock market has climbed higher in three straight sessions, advancing more than 480 points or 2 percent along the way. The Hang Seng Index now rests just beneath the 25,250-point plateau and it's expected to open higher again on Friday.</p>\n<p>The global forecast for the Asian markets suggests mild upside, with support from technology and oil stocks. The European markets were slightly higher and the U.S. bourses were mixed and the Asian markets figure to split the difference.</p>\n<p>The Hang Seng finished sharply higher on Thursday following gains from the financials, properties, casinos and technology companies.</p>\n<p>For the day, the index jumped 251.85 points or 1.01 percent to finish at 25,247.99 after trading between 24,836.21 and 25,324.66.</p>\n<p>Among the actives, AAC Technologies skyrocketed 5.97 percent, while AIA Group was up 0.48 percent, Alibaba Group advanced 1.24 percent, Alibaba Health Info increased 0.94 percent, ANTA Sports accelerated 2.50 percent, China Life Insurance jumped 2.06 percent, China Mengniu Dairy spiked 2.59 percent, China Petroleum and Chemical (Sinopec) improved 0.53 percent, China Resources Land surged 5.55 percent, CITIC rallied 2.35 percent, CNOOC sank 0.85 percent, Country Garden soared 5.01 percent, CSPC Pharmaceutical fell 0.24 percent, Galaxy Entertainment gained 1.14 percent, Hang Lung Properties lost 0.47 percent, Henderson Land added 1.19 percent, Hong Kong &amp; China Gas shed 0.67 percent, Industrial and Commercial Bank of China collected 0.95 percent, Li Ning was up 0.42 percent, Longfor soared 5.06 percent, Meituan climbed 1.80 percent, New World Development gained 0.15 percent, Sands China perked 1.34 percent, Sun Hung Kai Properties rose 1.00 percent, Techtronic Industries tumbled 2.02 percent, Xiaomi Corporation strengthened 2.18 percent and WuXi Biologics gathered 1.63 percent.</p>\n<p>The lead from Wall Street is mixed as the NASDAQ and S&amp;P 500 opened higher on Thursday and remained that way, while the Dow opened in the red and closed under pressure.</p>\n<p>The Dow dropped 158.71 points or 0.44 percent to finish at 35,921.23, while the NASDAQ advanced 81.58 points or 0.52 percent to close at 15,704.28 and the S&amp;P 500 rose 2.56 points or 0.06 percent to end at 4,649.27.</p>\n<p>The rebound by the NASDAQ and S&amp;P 500 came as some traders looked to pick up stocks at somewhat reduced levels after the drop on Tuesday and Wednesday dragged the major averages down well off Monday's record closing highs.</p>\n<p>A notable decline by shares of Disney (DIS) weighed on the Dow, with the entertainment giant slumping by 7.1 percent after its Q3 numbers missed estimates on both the top and bottom lines.</p>\n<p>But overall trading activity was subdued as some traders stuck to the sidelines amid the Veterans Day holiday. While the stock markets were open as usual on the day, banks, federal offices and the bonds markets all remained closed.</p>\n<p>Crude oil futures settled higher on as traders weighed global energy demand and supply prospects. West Texas Intermediate Crude oil futures for December ended up by $0.25 or 0.3 percent at $81.59 a barrel.</p>\n<p>Closer to home, Hong Kong will release final Q3 figures for gross domestic product later today. GDP is expected to rise 0.1 percent on quarter and 5.4 percent on year after slipping 0.9 percent on quarter and climbing 7.6 percent on year in the previous three months.</p>","source":"lsy1603171495471","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>Hong Kong Bourse Predicted To Open In The Green</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\">\nHong Kong Bourse Predicted To Open In The Green\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 09:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.nasdaq.com/articles/hong-kong-bourse-predicted-to-open-in-the-green><strong>RTTNews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(RTTNews) - The Hong Kong stock market has climbed higher in three straight sessions, advancing more than 480 points or 2 percent along the way. The Hang Seng Index now rests just beneath the 25,250-...</p>\n\n<a href=\"https://www.nasdaq.com/articles/hong-kong-bourse-predicted-to-open-in-the-green\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSTECH":"恒生科技指数","HSI":"恒生指数"},"source_url":"https://www.nasdaq.com/articles/hong-kong-bourse-predicted-to-open-in-the-green","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107984726","content_text":"(RTTNews) - The Hong Kong stock market has climbed higher in three straight sessions, advancing more than 480 points or 2 percent along the way. The Hang Seng Index now rests just beneath the 25,250-point plateau and it's expected to open higher again on Friday.\nThe global forecast for the Asian markets suggests mild upside, with support from technology and oil stocks. The European markets were slightly higher and the U.S. bourses were mixed and the Asian markets figure to split the difference.\nThe Hang Seng finished sharply higher on Thursday following gains from the financials, properties, casinos and technology companies.\nFor the day, the index jumped 251.85 points or 1.01 percent to finish at 25,247.99 after trading between 24,836.21 and 25,324.66.\nAmong the actives, AAC Technologies skyrocketed 5.97 percent, while AIA Group was up 0.48 percent, Alibaba Group advanced 1.24 percent, Alibaba Health Info increased 0.94 percent, ANTA Sports accelerated 2.50 percent, China Life Insurance jumped 2.06 percent, China Mengniu Dairy spiked 2.59 percent, China Petroleum and Chemical (Sinopec) improved 0.53 percent, China Resources Land surged 5.55 percent, CITIC rallied 2.35 percent, CNOOC sank 0.85 percent, Country Garden soared 5.01 percent, CSPC Pharmaceutical fell 0.24 percent, Galaxy Entertainment gained 1.14 percent, Hang Lung Properties lost 0.47 percent, Henderson Land added 1.19 percent, Hong Kong & China Gas shed 0.67 percent, Industrial and Commercial Bank of China collected 0.95 percent, Li Ning was up 0.42 percent, Longfor soared 5.06 percent, Meituan climbed 1.80 percent, New World Development gained 0.15 percent, Sands China perked 1.34 percent, Sun Hung Kai Properties rose 1.00 percent, Techtronic Industries tumbled 2.02 percent, Xiaomi Corporation strengthened 2.18 percent and WuXi Biologics gathered 1.63 percent.\nThe lead from Wall Street is mixed as the NASDAQ and S&P 500 opened higher on Thursday and remained that way, while the Dow opened in the red and closed under pressure.\nThe Dow dropped 158.71 points or 0.44 percent to finish at 35,921.23, while the NASDAQ advanced 81.58 points or 0.52 percent to close at 15,704.28 and the S&P 500 rose 2.56 points or 0.06 percent to end at 4,649.27.\nThe rebound by the NASDAQ and S&P 500 came as some traders looked to pick up stocks at somewhat reduced levels after the drop on Tuesday and Wednesday dragged the major averages down well off Monday's record closing highs.\nA notable decline by shares of Disney (DIS) weighed on the Dow, with the entertainment giant slumping by 7.1 percent after its Q3 numbers missed estimates on both the top and bottom lines.\nBut overall trading activity was subdued as some traders stuck to the sidelines amid the Veterans Day holiday. While the stock markets were open as usual on the day, banks, federal offices and the bonds markets all remained closed.\nCrude oil futures settled higher on as traders weighed global energy demand and supply prospects. West Texas Intermediate Crude oil futures for December ended up by $0.25 or 0.3 percent at $81.59 a barrel.\nCloser to home, Hong Kong will release final Q3 figures for gross domestic product later today. GDP is expected to rise 0.1 percent on quarter and 5.4 percent on year after slipping 0.9 percent on quarter and climbing 7.6 percent on year in the previous three months.","news_type":1},"isVote":1,"tweetType":1,"viewCount":828,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":870882947,"gmtCreate":1636600475867,"gmtModify":1636600476023,"author":{"id":"3580799026700204","authorId":"3580799026700204","authorIdStr":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>SIA RISING","listText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>SIA RISING","text":"$SINGAPORE AIRLINES LTD(C6L.SI)$SIA RISING","images":[{"img":"https://static.tigerbbs.com/6ccb76a5676a7f4f48833030724a4127","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/870882947","isVote":1,"tweetType":1,"viewCount":470,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":870888745,"gmtCreate":1636600364523,"gmtModify":1636600364679,"author":{"id":"3580799026700204","authorId":"3580799026700204","authorIdStr":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/Y35.SI\">$ANAN INTERNATIONAL LIMITED(Y35.SI)$</a>ANAN RISING","listText":"<a href=\"https://laohu8.com/S/Y35.SI\">$ANAN INTERNATIONAL LIMITED(Y35.SI)$</a>ANAN RISING","text":"$ANAN INTERNATIONAL LIMITED(Y35.SI)$ANAN RISING","images":[{"img":"https://static.tigerbbs.com/832f0594e868fc2bcda5cf4b1a354e1b","width":"1080","height":"3075"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/870888745","isVote":1,"tweetType":1,"viewCount":886,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":847230489,"gmtCreate":1636521213999,"gmtModify":1636521576585,"author":{"id":"3580799026700204","authorId":"3580799026700204","authorIdStr":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>SIA RISING","listText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>SIA RISING","text":"$SINGAPORE AIRLINES LTD(C6L.SI)$SIA RISING","images":[{"img":"https://static.tigerbbs.com/45f5283d3afd2101f95b8a3377694313","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/847230489","isVote":1,"tweetType":1,"viewCount":784,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":847297297,"gmtCreate":1636521039306,"gmtModify":1636521039537,"author":{"id":"3580799026700204","authorId":"3580799026700204","authorIdStr":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/847297297","repostId":"1102766884","repostType":4,"repost":{"id":"1102766884","pubTimestamp":1636515299,"share":"https://www.laohu8.com/m/news/1102766884?lang=&edition=full","pubTime":"2021-11-10 11:34","market":"hk","language":"en","title":"Keppel raises SPH bid to S$2.351 a share, cash component up by 20 cents; says price is final","url":"https://stock-news.laohu8.com/highlight/detail?id=1102766884","media":"The bussiness Times","summary":"Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\"","content":"<p>Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\" final offer of S$2.351 per share, which includes additional cash of S$0.20 per share.</p>\n<p>This comes after Cuscaden Peak - a consortium backed by Hotel Properties (HPL), businessman Ong Beng Seng, and two Temasek-linked entities, CLA Real Estate Holdings and Mapletree - made a counter bid for SPH in late October at S$2.10 per share in cash; or slightly higher than Keppel's original offer of S$2.099 per share.</p>\n<p>In a release to the Singapore Exchange late Tuesday night, Keppel beefed up the cash component of the offer by S$0.20 per share to S$0.868 per share. SPH shareholders will still receive 0.596 Keppel Reit units (valued at S$0.685 as at Nov 9) and 0.782 SPH Reit units (valued S$0.798 as at Nov 9) per SPH share.</p>\n<p>The revised offer implies a total equity value for SPH of S$3.8 billion.</p>\n<p>\"The cumulative value of SPH Reit and Keppel Reit units offered has increased by S$0.052/share with improving market conditions,\" Keppel said in the release.</p>\n<p>Keppel's initial offer comprised cash of S$0.668 per share, 0.596 Keppel Reit units (valued at S$0.715) and 0.782 SPH Reit units (valued at S$0.716) per share.</p>\n<p>Based on the <a href=\"https://laohu8.com/S/SPHEF\">SPH REIT</a> and Keppel REIT traded prices since the initial offer, the final offer implies a range of S$2.201-S$2.355/share. SPH shareholders will be receiving Keppel REIT units at a 10 per cent discount to its net asset value, Keppel also highlighted.</p>\n<p>Meanwhile, SPH and Keppel have entered into a supplemental letter to amend the implementation agreement and revise the terms of the scheme of arrangement.</p>\n<p>In a separate release, SPH - which publishes The Business Times - noted that the revised offer represents an improvement of 12 per cent over Keppel's original offer, as well as that of Cuscaden Peak's.</p>\n<p>It is a 57 per cent premium to the undisturbed trading price on March 30 and a 9 per cent premium to the last trading price on Nov 9.</p>\n<p>SPH said: \"Following Cuscaden Peak's announcement on Oct 29, SPH notified Keppel of the proposal and gave Keppel an opportunity to improve their current proposal. Keppel's revised scheme consideration is the outcome of SPH's engagement with Keppel to improve their proposal.\"</p>\n<p>Keppel highlighted that the final offer is \"firm and irrevocable\" with regulatory approvals obtained from MAS and the Foreign Investment Review Board (FIRB) of Australia.</p>\n<p>The higher cash consideration is expected to increase Keppel's pro forma net gearing post-transaction by 0.03x, with pro forma net gearing expected to remain below 1x.</p>\n<p>Subject to the approvals of both Keppel's and SPH's shareholders at their respective extraordinary general meetings slated for around Dec 8, as well as the sanction of the scheme by Singapore's High Court and the completion of SPH's media restructuring exercise, SPH shareholders can expect to receive the final consideration by mid January 2022.</p>\n<p>Loh Chin Hua, chief executive of Keppel Corporation, said: \"Taking into account improving global economic conditions as well as growing synergies which we have identified between Keppel and SPH's portfolio, Keppel is offering SPH shareholders a higher and final consideration of S$2.351/ share.\"</p>\n<p>He added: \"Even with the additional cash consideration of S$0.200/share, we continue to see value in the SPH portfolio.\"</p>\n<p>Shares in Keppel shed three cents to close at S$5.31, while shares in SPH closed <a href=\"https://laohu8.com/S/AONE.U\">one</a> cent higher at S$2.16 on Tuesday.</p>","source":"lsy1636420184263","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>Keppel raises SPH bid to S$2.351 a share, cash component up by 20 cents; says price is final</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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeppel raises SPH bid to S$2.351 a share, cash component up by 20 cents; says price is final\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-10 11:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/companies-markets/keppel-raises-sph-bid-to-s2351-a-share-cash-component-up-by-20-cents-says-price-is><strong>The bussiness Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\" final offer of S$2.351 per share, which includes additional cash of S$0.20 per share.\nThis comes ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/keppel-raises-sph-bid-to-s2351-a-share-cash-component-up-by-20-cents-says-price-is\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BN4.SI":"吉宝有限公司"},"source_url":"https://www.businesstimes.com.sg/companies-markets/keppel-raises-sph-bid-to-s2351-a-share-cash-component-up-by-20-cents-says-price-is","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102766884","content_text":"Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\" final offer of S$2.351 per share, which includes additional cash of S$0.20 per share.\nThis comes after Cuscaden Peak - a consortium backed by Hotel Properties (HPL), businessman Ong Beng Seng, and two Temasek-linked entities, CLA Real Estate Holdings and Mapletree - made a counter bid for SPH in late October at S$2.10 per share in cash; or slightly higher than Keppel's original offer of S$2.099 per share.\nIn a release to the Singapore Exchange late Tuesday night, Keppel beefed up the cash component of the offer by S$0.20 per share to S$0.868 per share. SPH shareholders will still receive 0.596 Keppel Reit units (valued at S$0.685 as at Nov 9) and 0.782 SPH Reit units (valued S$0.798 as at Nov 9) per SPH share.\nThe revised offer implies a total equity value for SPH of S$3.8 billion.\n\"The cumulative value of SPH Reit and Keppel Reit units offered has increased by S$0.052/share with improving market conditions,\" Keppel said in the release.\nKeppel's initial offer comprised cash of S$0.668 per share, 0.596 Keppel Reit units (valued at S$0.715) and 0.782 SPH Reit units (valued at S$0.716) per share.\nBased on the SPH REIT and Keppel REIT traded prices since the initial offer, the final offer implies a range of S$2.201-S$2.355/share. SPH shareholders will be receiving Keppel REIT units at a 10 per cent discount to its net asset value, Keppel also highlighted.\nMeanwhile, SPH and Keppel have entered into a supplemental letter to amend the implementation agreement and revise the terms of the scheme of arrangement.\nIn a separate release, SPH - which publishes The Business Times - noted that the revised offer represents an improvement of 12 per cent over Keppel's original offer, as well as that of Cuscaden Peak's.\nIt is a 57 per cent premium to the undisturbed trading price on March 30 and a 9 per cent premium to the last trading price on Nov 9.\nSPH said: \"Following Cuscaden Peak's announcement on Oct 29, SPH notified Keppel of the proposal and gave Keppel an opportunity to improve their current proposal. Keppel's revised scheme consideration is the outcome of SPH's engagement with Keppel to improve their proposal.\"\nKeppel highlighted that the final offer is \"firm and irrevocable\" with regulatory approvals obtained from MAS and the Foreign Investment Review Board (FIRB) of Australia.\nThe higher cash consideration is expected to increase Keppel's pro forma net gearing post-transaction by 0.03x, with pro forma net gearing expected to remain below 1x.\nSubject to the approvals of both Keppel's and SPH's shareholders at their respective extraordinary general meetings slated for around Dec 8, as well as the sanction of the scheme by Singapore's High Court and the completion of SPH's media restructuring exercise, SPH shareholders can expect to receive the final consideration by mid January 2022.\nLoh Chin Hua, chief executive of Keppel Corporation, said: \"Taking into account improving global economic conditions as well as growing synergies which we have identified between Keppel and SPH's portfolio, Keppel is offering SPH shareholders a higher and final consideration of S$2.351/ share.\"\nHe added: \"Even with the additional cash consideration of S$0.200/share, we continue to see value in the SPH portfolio.\"\nShares in Keppel shed three cents to close at S$5.31, while shares in SPH closed one cent higher at S$2.16 on Tuesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":502,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":844402250,"gmtCreate":1636448860665,"gmtModify":1636449054157,"author":{"id":"3580799026700204","authorId":"3580799026700204","authorIdStr":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>SIA RISING","listText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE 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Huat Ah 👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/690882333","isVote":1,"tweetType":1,"viewCount":733,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":846433563,"gmtCreate":1636103143250,"gmtModify":1636103143378,"author":{"id":"3580799026700204","authorId":"3580799026700204","authorIdStr":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/S51.SI\">$SEMBCORP MARINE LTD(S51.SI)$</a>SEMBCORP MARINE ALSO RISING","listText":"<a href=\"https://laohu8.com/S/S51.SI\">$SEMBCORP MARINE LTD(S51.SI)$</a>SEMBCORP MARINE ALSO RISING","text":"$SEMBCORP MARINE LTD(S51.SI)$SEMBCORP MARINE ALSO RISING","images":[{"img":"https://static.tigerbbs.com/cc76e78ca3b7cb92a391360944aded1d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/846433563","isVote":1,"tweetType":1,"viewCount":265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":879381693,"gmtCreate":1636682270279,"gmtModify":1636683153565,"author":{"id":"3580799026700204","authorId":"3580799026700204","authorIdStr":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/879381693","repostId":"1107984726","repostType":4,"repost":{"id":"1107984726","pubTimestamp":1636680150,"share":"https://www.laohu8.com/m/news/1107984726?lang=&edition=full","pubTime":"2021-11-12 09:22","market":"us","language":"en","title":"Hong Kong Bourse Predicted To Open In The Green","url":"https://stock-news.laohu8.com/highlight/detail?id=1107984726","media":"RTTNews","summary":"(RTTNews) - The Hong Kong stock market has climbed higher in three straight sessions, advancing more","content":"<p>(RTTNews) - The Hong Kong stock market has climbed higher in three straight sessions, advancing more than 480 points or 2 percent along the way. The Hang Seng Index now rests just beneath the 25,250-point plateau and it's expected to open higher again on Friday.</p>\n<p>The global forecast for the Asian markets suggests mild upside, with support from technology and oil stocks. The European markets were slightly higher and the U.S. bourses were mixed and the Asian markets figure to split the difference.</p>\n<p>The Hang Seng finished sharply higher on Thursday following gains from the financials, properties, casinos and technology companies.</p>\n<p>For the day, the index jumped 251.85 points or 1.01 percent to finish at 25,247.99 after trading between 24,836.21 and 25,324.66.</p>\n<p>Among the actives, AAC Technologies skyrocketed 5.97 percent, while AIA Group was up 0.48 percent, Alibaba Group advanced 1.24 percent, Alibaba Health Info increased 0.94 percent, ANTA Sports accelerated 2.50 percent, China Life Insurance jumped 2.06 percent, China Mengniu Dairy spiked 2.59 percent, China Petroleum and Chemical (Sinopec) improved 0.53 percent, China Resources Land surged 5.55 percent, CITIC rallied 2.35 percent, CNOOC sank 0.85 percent, Country Garden soared 5.01 percent, CSPC Pharmaceutical fell 0.24 percent, Galaxy Entertainment gained 1.14 percent, Hang Lung Properties lost 0.47 percent, Henderson Land added 1.19 percent, Hong Kong &amp; China Gas shed 0.67 percent, Industrial and Commercial Bank of China collected 0.95 percent, Li Ning was up 0.42 percent, Longfor soared 5.06 percent, Meituan climbed 1.80 percent, New World Development gained 0.15 percent, Sands China perked 1.34 percent, Sun Hung Kai Properties rose 1.00 percent, Techtronic Industries tumbled 2.02 percent, Xiaomi Corporation strengthened 2.18 percent and WuXi Biologics gathered 1.63 percent.</p>\n<p>The lead from Wall Street is mixed as the NASDAQ and S&amp;P 500 opened higher on Thursday and remained that way, while the Dow opened in the red and closed under pressure.</p>\n<p>The Dow dropped 158.71 points or 0.44 percent to finish at 35,921.23, while the NASDAQ advanced 81.58 points or 0.52 percent to close at 15,704.28 and the S&amp;P 500 rose 2.56 points or 0.06 percent to end at 4,649.27.</p>\n<p>The rebound by the NASDAQ and S&amp;P 500 came as some traders looked to pick up stocks at somewhat reduced levels after the drop on Tuesday and Wednesday dragged the major averages down well off Monday's record closing highs.</p>\n<p>A notable decline by shares of Disney (DIS) weighed on the Dow, with the entertainment giant slumping by 7.1 percent after its Q3 numbers missed estimates on both the top and bottom lines.</p>\n<p>But overall trading activity was subdued as some traders stuck to the sidelines amid the Veterans Day holiday. While the stock markets were open as usual on the day, banks, federal offices and the bonds markets all remained closed.</p>\n<p>Crude oil futures settled higher on as traders weighed global energy demand and supply prospects. West Texas Intermediate Crude oil futures for December ended up by $0.25 or 0.3 percent at $81.59 a barrel.</p>\n<p>Closer to home, Hong Kong will release final Q3 figures for gross domestic product later today. GDP is expected to rise 0.1 percent on quarter and 5.4 percent on year after slipping 0.9 percent on quarter and climbing 7.6 percent on year in the previous three months.</p>","source":"lsy1603171495471","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>Hong Kong Bourse Predicted To Open In The Green</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\">\nHong Kong Bourse Predicted To Open In The Green\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 09:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.nasdaq.com/articles/hong-kong-bourse-predicted-to-open-in-the-green><strong>RTTNews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(RTTNews) - The Hong Kong stock market has climbed higher in three straight sessions, advancing more than 480 points or 2 percent along the way. The Hang Seng Index now rests just beneath the 25,250-...</p>\n\n<a href=\"https://www.nasdaq.com/articles/hong-kong-bourse-predicted-to-open-in-the-green\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSTECH":"恒生科技指数","HSI":"恒生指数"},"source_url":"https://www.nasdaq.com/articles/hong-kong-bourse-predicted-to-open-in-the-green","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107984726","content_text":"(RTTNews) - The Hong Kong stock market has climbed higher in three straight sessions, advancing more than 480 points or 2 percent along the way. The Hang Seng Index now rests just beneath the 25,250-point plateau and it's expected to open higher again on Friday.\nThe global forecast for the Asian markets suggests mild upside, with support from technology and oil stocks. The European markets were slightly higher and the U.S. bourses were mixed and the Asian markets figure to split the difference.\nThe Hang Seng finished sharply higher on Thursday following gains from the financials, properties, casinos and technology companies.\nFor the day, the index jumped 251.85 points or 1.01 percent to finish at 25,247.99 after trading between 24,836.21 and 25,324.66.\nAmong the actives, AAC Technologies skyrocketed 5.97 percent, while AIA Group was up 0.48 percent, Alibaba Group advanced 1.24 percent, Alibaba Health Info increased 0.94 percent, ANTA Sports accelerated 2.50 percent, China Life Insurance jumped 2.06 percent, China Mengniu Dairy spiked 2.59 percent, China Petroleum and Chemical (Sinopec) improved 0.53 percent, China Resources Land surged 5.55 percent, CITIC rallied 2.35 percent, CNOOC sank 0.85 percent, Country Garden soared 5.01 percent, CSPC Pharmaceutical fell 0.24 percent, Galaxy Entertainment gained 1.14 percent, Hang Lung Properties lost 0.47 percent, Henderson Land added 1.19 percent, Hong Kong & China Gas shed 0.67 percent, Industrial and Commercial Bank of China collected 0.95 percent, Li Ning was up 0.42 percent, Longfor soared 5.06 percent, Meituan climbed 1.80 percent, New World Development gained 0.15 percent, Sands China perked 1.34 percent, Sun Hung Kai Properties rose 1.00 percent, Techtronic Industries tumbled 2.02 percent, Xiaomi Corporation strengthened 2.18 percent and WuXi Biologics gathered 1.63 percent.\nThe lead from Wall Street is mixed as the NASDAQ and S&P 500 opened higher on Thursday and remained that way, while the Dow opened in the red and closed under pressure.\nThe Dow dropped 158.71 points or 0.44 percent to finish at 35,921.23, while the NASDAQ advanced 81.58 points or 0.52 percent to close at 15,704.28 and the S&P 500 rose 2.56 points or 0.06 percent to end at 4,649.27.\nThe rebound by the NASDAQ and S&P 500 came as some traders looked to pick up stocks at somewhat reduced levels after the drop on Tuesday and Wednesday dragged the major averages down well off Monday's record closing highs.\nA notable decline by shares of Disney (DIS) weighed on the Dow, with the entertainment giant slumping by 7.1 percent after its Q3 numbers missed estimates on both the top and bottom lines.\nBut overall trading activity was subdued as some traders stuck to the sidelines amid the Veterans Day holiday. While the stock markets were open as usual on the day, banks, federal offices and the bonds markets all remained closed.\nCrude oil futures settled higher on as traders weighed global energy demand and supply prospects. West Texas Intermediate Crude oil futures for December ended up by $0.25 or 0.3 percent at $81.59 a barrel.\nCloser to home, Hong Kong will release final Q3 figures for gross domestic product later today. GDP is expected to rise 0.1 percent on quarter and 5.4 percent on year after slipping 0.9 percent on quarter and climbing 7.6 percent on year in the previous three months.","news_type":1},"isVote":1,"tweetType":1,"viewCount":828,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":852919594,"gmtCreate":1635233814879,"gmtModify":1635233815120,"author":{"id":"3580799026700204","authorId":"3580799026700204","authorIdStr":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/852919594","repostId":"2177412181","repostType":4,"repost":{"id":"2177412181","pubTimestamp":1635219132,"share":"https://www.laohu8.com/m/news/2177412181?lang=&edition=full","pubTime":"2021-10-26 11:32","market":"us","language":"en","title":"AMD earnings look to again succeed where Intel disappointed","url":"https://stock-news.laohu8.com/highlight/detail?id=2177412181","media":"MarketWatch","summary":"AMD earnings preview: After showing data-center gains as Intel declined two quarters in a row, analy","content":"<p>AMD earnings preview: After showing data-center gains as Intel declined two quarters in a row, analysts now point to AMD's growing margins as Intel's are projected to shrink</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/30ec3c9220844c561016f0de86f86f52\" tg-width=\"699\" tg-height=\"394\" referrerpolicy=\"no-referrer\"><span>Advanced Micro Devices Inc.’s growing series of Epyc server chips has been the talk of Wall Street in recent quarters, but that may switch to gross margins in this quarter’s earnings report.</span></p>\n<p>Advanced Micro Devices Inc. is set to follow yet another rough earnings report from Intel Corp., and once again could show gains in an area that caused pain for its larger rival.</p>\n<p>AMD&nbsp;is scheduled to report third-quarter earnings on Tuesday after the close of markets, after Intel&nbsp;reported an earnings beat Thursday that hardly mattered as revenue came in light. More important to analysts was Intel's forecast for declining margins over the next few years as its chief executive doubles down on new manufacturing capacity to try to retake its former glory as the undisputed chip leader.</p>\n<p>That led to downgrades on Friday and Intel's worst one-day performance since the chip leader said it was going to delay its next generation of chips, an announcement that had fired up even more investor support for AMD back then.</p>\n<p>Bernstein analyst Stacy Rasgon, who has a market perform rating on AMD and a $110 price target, said AMD will continue to benefit from Intel's transition, and called attention to an AMD metric that was one of enormous concern during Intel's call: Gross margins.</p>\n<p>\"We believe Street gross margin estimates appear unaggressive going forward (which is not something we have typically said for AMD), and the company is now (for the first time ever) starting to return cash,\" Rasgon said.</p>\n<p>That underscores another show of how Intel and AMD are transitioning with respect to one another: Analysts on the Intel call were very concerned that Intel's margins were falling despite company assurances they would stay just above 50% for the next few years. Meanwhile, AMD gross margins have been rising, and are likely to break above 50%, if not in this earnings report, then sometime soon. Three months ago, AMD reported gross margins of 48%, up from 44% in the previous year.</p>\n<p>While AMD is referred to as Intel's \"smaller rival,\" that gap has been steadily closing for a while now. At Friday's close, AMD had a market cap of $145.34 billion, or nearly 73% of Intel's $200.66 billion. Just this past summer, AMD's $111.5 billion valuation was a little more than half Intel's $219.5 billion cap.</p>\n<p>One other are to look at will be data-center sales, as finally swung to a gain in that important segment in the quarter. Over the past two quarters, Intel has posted significant year-over-year declines in the increasingly important category, while AMD has more than doubled its sales. That raises the question whether Intel clawed back some market share, or whether data-center sales were just generally better all around, which AMD's report could answer.</p>\n<p><b>What to expect</b></p>\n<p><b>Earnings: </b>Of the 34 analysts surveyed by FactSet, AMD on average is expected to post adjusted earnings of 66 cents a share, up from 41 cents a share reported in the year-ago period. Estimize, a software platform that crowdsources estimates from hedge-fund executives, brokerages, buy-side analysts and others, calls for earnings of 72 cents a share.</p>\n<p><b>Revenue:</b> Of the 32 analysts polled by FactSet, AMD, on average, is expected to post revenue of $4.11 billion, up from the $2.8 billion reported in the year-ago quarter. AMD had forecast $4 billion to $4.2 billion. Estimize expects revenue of $4.22 billion.</p>\n<p><b>Stock movement:</b> While AMD earnings and sales have both topped Wall Street estimates over the past five quarterly reports, but shares only gained the next day twice, about three months ago and when the stock popped nearly 13% five quarters ago.</p>\n<p>AMD shares rose 9.6% in the third quarter. In contrast, the PHLX Semiconductor Index declined 2.6%, the S&amp;P 500 index rose 0.2%, and the tech-heavy Nasdaq Composite Index declined 0.4%. On Friday, the day after Intel's report, AMD shares closed at a record high of $119.82.</p>\n<p><b>What analysts are saying</b></p>\n<p>Cowen analyst Matthew Ramsay, who has an outperform rating and a $120 price target on AMD, said he's \"lookin' for more of the same.\"</p>\n<p>\"We continue to monitor the PC market for signs of demand slowing or supply improving,\" Ramsay said. \"Near-term, we see resilient demand outside Chromebooks, but prefer a prudent/agnostic view on 2022 like AMD took on its last call.\"</p>\n<p>Earlier in the month, research firms released data showing that pandemic-fueled growth in PC shipments had slowed considerably as the world not only wrestles with a chip shortage but overall supply-chain issues.</p>\n<p>On data-center sales, Ramsay is even more optimistic estimating that segment will account for more than 25% of sales compared with less than 20% a year ago.</p>\n<p>\"We believe datacenter passing a quarter of AMD's business could draw investor attention,\" Ramsay said. \"We remind investors that the most important business for AMD remains datacenter, which we estimate doubled in 2020, with CEO Lisa Su noting she sees the business momentum accelerating in 2021.\"</p>\n<p>Susquehanna Financial analyst Christopher Rolland, who has a positive rating and a $130 price target on AMD, said he expects another solid quarter driven by enterprise and server sales, but that \"given the slowing PC market, we do not expect mgmt to raise their FY top-line guidance as they have done in numerous updates over the last year.\"</p>\n<p>Still, Rolland expects AMD to report share gains from Intel in both desktop and laptop PCs as well as enterprise and gaming PCs.</p>\n<p>Of the 39 analysts who cover AMD, 23 have buy or overweight ratings, and 16 have hold ratings, with an average price target of $117.55.</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>AMD earnings look to again succeed where Intel disappointed</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\">\nAMD earnings look to again succeed where Intel disappointed\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-26 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/amd-earnings-look-to-again-succeed-where-intel-disappointed-11634942264?mod=mw_quote_news><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMD earnings preview: After showing data-center gains as Intel declined two quarters in a row, analysts now point to AMD's growing margins as Intel's are projected to shrink\nAdvanced Micro Devices Inc...</p>\n\n<a href=\"https://www.marketwatch.com/story/amd-earnings-look-to-again-succeed-where-intel-disappointed-11634942264?mod=mw_quote_news\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"source_url":"https://www.marketwatch.com/story/amd-earnings-look-to-again-succeed-where-intel-disappointed-11634942264?mod=mw_quote_news","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2177412181","content_text":"AMD earnings preview: After showing data-center gains as Intel declined two quarters in a row, analysts now point to AMD's growing margins as Intel's are projected to shrink\nAdvanced Micro Devices Inc.’s growing series of Epyc server chips has been the talk of Wall Street in recent quarters, but that may switch to gross margins in this quarter’s earnings report.\nAdvanced Micro Devices Inc. is set to follow yet another rough earnings report from Intel Corp., and once again could show gains in an area that caused pain for its larger rival.\nAMD is scheduled to report third-quarter earnings on Tuesday after the close of markets, after Intel reported an earnings beat Thursday that hardly mattered as revenue came in light. More important to analysts was Intel's forecast for declining margins over the next few years as its chief executive doubles down on new manufacturing capacity to try to retake its former glory as the undisputed chip leader.\nThat led to downgrades on Friday and Intel's worst one-day performance since the chip leader said it was going to delay its next generation of chips, an announcement that had fired up even more investor support for AMD back then.\nBernstein analyst Stacy Rasgon, who has a market perform rating on AMD and a $110 price target, said AMD will continue to benefit from Intel's transition, and called attention to an AMD metric that was one of enormous concern during Intel's call: Gross margins.\n\"We believe Street gross margin estimates appear unaggressive going forward (which is not something we have typically said for AMD), and the company is now (for the first time ever) starting to return cash,\" Rasgon said.\nThat underscores another show of how Intel and AMD are transitioning with respect to one another: Analysts on the Intel call were very concerned that Intel's margins were falling despite company assurances they would stay just above 50% for the next few years. Meanwhile, AMD gross margins have been rising, and are likely to break above 50%, if not in this earnings report, then sometime soon. Three months ago, AMD reported gross margins of 48%, up from 44% in the previous year.\nWhile AMD is referred to as Intel's \"smaller rival,\" that gap has been steadily closing for a while now. At Friday's close, AMD had a market cap of $145.34 billion, or nearly 73% of Intel's $200.66 billion. Just this past summer, AMD's $111.5 billion valuation was a little more than half Intel's $219.5 billion cap.\nOne other are to look at will be data-center sales, as finally swung to a gain in that important segment in the quarter. Over the past two quarters, Intel has posted significant year-over-year declines in the increasingly important category, while AMD has more than doubled its sales. That raises the question whether Intel clawed back some market share, or whether data-center sales were just generally better all around, which AMD's report could answer.\nWhat to expect\nEarnings: Of the 34 analysts surveyed by FactSet, AMD on average is expected to post adjusted earnings of 66 cents a share, up from 41 cents a share reported in the year-ago period. Estimize, a software platform that crowdsources estimates from hedge-fund executives, brokerages, buy-side analysts and others, calls for earnings of 72 cents a share.\nRevenue: Of the 32 analysts polled by FactSet, AMD, on average, is expected to post revenue of $4.11 billion, up from the $2.8 billion reported in the year-ago quarter. AMD had forecast $4 billion to $4.2 billion. Estimize expects revenue of $4.22 billion.\nStock movement: While AMD earnings and sales have both topped Wall Street estimates over the past five quarterly reports, but shares only gained the next day twice, about three months ago and when the stock popped nearly 13% five quarters ago.\nAMD shares rose 9.6% in the third quarter. In contrast, the PHLX Semiconductor Index declined 2.6%, the S&P 500 index rose 0.2%, and the tech-heavy Nasdaq Composite Index declined 0.4%. On Friday, the day after Intel's report, AMD shares closed at a record high of $119.82.\nWhat analysts are saying\nCowen analyst Matthew Ramsay, who has an outperform rating and a $120 price target on AMD, said he's \"lookin' for more of the same.\"\n\"We continue to monitor the PC market for signs of demand slowing or supply improving,\" Ramsay said. \"Near-term, we see resilient demand outside Chromebooks, but prefer a prudent/agnostic view on 2022 like AMD took on its last call.\"\nEarlier in the month, research firms released data showing that pandemic-fueled growth in PC shipments had slowed considerably as the world not only wrestles with a chip shortage but overall supply-chain issues.\nOn data-center sales, Ramsay is even more optimistic estimating that segment will account for more than 25% of sales compared with less than 20% a year ago.\n\"We believe datacenter passing a quarter of AMD's business could draw investor attention,\" Ramsay said. \"We remind investors that the most important business for AMD remains datacenter, which we estimate doubled in 2020, with CEO Lisa Su noting she sees the business momentum accelerating in 2021.\"\nSusquehanna Financial analyst Christopher Rolland, who has a positive rating and a $130 price target on AMD, said he expects another solid quarter driven by enterprise and server sales, but that \"given the slowing PC market, we do not expect mgmt to raise their FY top-line guidance as they have done in numerous updates over the last year.\"\nStill, Rolland expects AMD to report share gains from Intel in both desktop and laptop PCs as well as enterprise and gaming PCs.\nOf the 39 analysts who cover AMD, 23 have buy or overweight ratings, and 16 have hold ratings, with an average price target of $117.55.","news_type":1},"isVote":1,"tweetType":1,"viewCount":271,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":870882947,"gmtCreate":1636600475867,"gmtModify":1636600476023,"author":{"id":"3580799026700204","authorId":"3580799026700204","authorIdStr":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>SIA RISING","listText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>SIA RISING","text":"$SINGAPORE AIRLINES LTD(C6L.SI)$SIA RISING","images":[{"img":"https://static.tigerbbs.com/6ccb76a5676a7f4f48833030724a4127","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/870882947","isVote":1,"tweetType":1,"viewCount":470,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":847297297,"gmtCreate":1636521039306,"gmtModify":1636521039537,"author":{"id":"3580799026700204","authorId":"3580799026700204","authorIdStr":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/847297297","repostId":"1102766884","repostType":4,"repost":{"id":"1102766884","pubTimestamp":1636515299,"share":"https://www.laohu8.com/m/news/1102766884?lang=&edition=full","pubTime":"2021-11-10 11:34","market":"hk","language":"en","title":"Keppel raises SPH bid to S$2.351 a share, cash component up by 20 cents; says price is final","url":"https://stock-news.laohu8.com/highlight/detail?id=1102766884","media":"The bussiness Times","summary":"Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\"","content":"<p>Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\" final offer of S$2.351 per share, which includes additional cash of S$0.20 per share.</p>\n<p>This comes after Cuscaden Peak - a consortium backed by Hotel Properties (HPL), businessman Ong Beng Seng, and two Temasek-linked entities, CLA Real Estate Holdings and Mapletree - made a counter bid for SPH in late October at S$2.10 per share in cash; or slightly higher than Keppel's original offer of S$2.099 per share.</p>\n<p>In a release to the Singapore Exchange late Tuesday night, Keppel beefed up the cash component of the offer by S$0.20 per share to S$0.868 per share. SPH shareholders will still receive 0.596 Keppel Reit units (valued at S$0.685 as at Nov 9) and 0.782 SPH Reit units (valued S$0.798 as at Nov 9) per SPH share.</p>\n<p>The revised offer implies a total equity value for SPH of S$3.8 billion.</p>\n<p>\"The cumulative value of SPH Reit and Keppel Reit units offered has increased by S$0.052/share with improving market conditions,\" Keppel said in the release.</p>\n<p>Keppel's initial offer comprised cash of S$0.668 per share, 0.596 Keppel Reit units (valued at S$0.715) and 0.782 SPH Reit units (valued at S$0.716) per share.</p>\n<p>Based on the <a href=\"https://laohu8.com/S/SPHEF\">SPH REIT</a> and Keppel REIT traded prices since the initial offer, the final offer implies a range of S$2.201-S$2.355/share. SPH shareholders will be receiving Keppel REIT units at a 10 per cent discount to its net asset value, Keppel also highlighted.</p>\n<p>Meanwhile, SPH and Keppel have entered into a supplemental letter to amend the implementation agreement and revise the terms of the scheme of arrangement.</p>\n<p>In a separate release, SPH - which publishes The Business Times - noted that the revised offer represents an improvement of 12 per cent over Keppel's original offer, as well as that of Cuscaden Peak's.</p>\n<p>It is a 57 per cent premium to the undisturbed trading price on March 30 and a 9 per cent premium to the last trading price on Nov 9.</p>\n<p>SPH said: \"Following Cuscaden Peak's announcement on Oct 29, SPH notified Keppel of the proposal and gave Keppel an opportunity to improve their current proposal. Keppel's revised scheme consideration is the outcome of SPH's engagement with Keppel to improve their proposal.\"</p>\n<p>Keppel highlighted that the final offer is \"firm and irrevocable\" with regulatory approvals obtained from MAS and the Foreign Investment Review Board (FIRB) of Australia.</p>\n<p>The higher cash consideration is expected to increase Keppel's pro forma net gearing post-transaction by 0.03x, with pro forma net gearing expected to remain below 1x.</p>\n<p>Subject to the approvals of both Keppel's and SPH's shareholders at their respective extraordinary general meetings slated for around Dec 8, as well as the sanction of the scheme by Singapore's High Court and the completion of SPH's media restructuring exercise, SPH shareholders can expect to receive the final consideration by mid January 2022.</p>\n<p>Loh Chin Hua, chief executive of Keppel Corporation, said: \"Taking into account improving global economic conditions as well as growing synergies which we have identified between Keppel and SPH's portfolio, Keppel is offering SPH shareholders a higher and final consideration of S$2.351/ share.\"</p>\n<p>He added: \"Even with the additional cash consideration of S$0.200/share, we continue to see value in the SPH portfolio.\"</p>\n<p>Shares in Keppel shed three cents to close at S$5.31, while shares in SPH closed <a href=\"https://laohu8.com/S/AONE.U\">one</a> cent higher at S$2.16 on Tuesday.</p>","source":"lsy1636420184263","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>Keppel raises SPH bid to S$2.351 a share, cash component up by 20 cents; says price is final</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\">\nKeppel raises SPH bid to S$2.351 a share, cash component up by 20 cents; says price is final\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-10 11:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/companies-markets/keppel-raises-sph-bid-to-s2351-a-share-cash-component-up-by-20-cents-says-price-is><strong>The bussiness Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\" final offer of S$2.351 per share, which includes additional cash of S$0.20 per share.\nThis comes ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/keppel-raises-sph-bid-to-s2351-a-share-cash-component-up-by-20-cents-says-price-is\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BN4.SI":"吉宝有限公司"},"source_url":"https://www.businesstimes.com.sg/companies-markets/keppel-raises-sph-bid-to-s2351-a-share-cash-component-up-by-20-cents-says-price-is","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102766884","content_text":"Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\" final offer of S$2.351 per share, which includes additional cash of S$0.20 per share.\nThis comes after Cuscaden Peak - a consortium backed by Hotel Properties (HPL), businessman Ong Beng Seng, and two Temasek-linked entities, CLA Real Estate Holdings and Mapletree - made a counter bid for SPH in late October at S$2.10 per share in cash; or slightly higher than Keppel's original offer of S$2.099 per share.\nIn a release to the Singapore Exchange late Tuesday night, Keppel beefed up the cash component of the offer by S$0.20 per share to S$0.868 per share. SPH shareholders will still receive 0.596 Keppel Reit units (valued at S$0.685 as at Nov 9) and 0.782 SPH Reit units (valued S$0.798 as at Nov 9) per SPH share.\nThe revised offer implies a total equity value for SPH of S$3.8 billion.\n\"The cumulative value of SPH Reit and Keppel Reit units offered has increased by S$0.052/share with improving market conditions,\" Keppel said in the release.\nKeppel's initial offer comprised cash of S$0.668 per share, 0.596 Keppel Reit units (valued at S$0.715) and 0.782 SPH Reit units (valued at S$0.716) per share.\nBased on the SPH REIT and Keppel REIT traded prices since the initial offer, the final offer implies a range of S$2.201-S$2.355/share. SPH shareholders will be receiving Keppel REIT units at a 10 per cent discount to its net asset value, Keppel also highlighted.\nMeanwhile, SPH and Keppel have entered into a supplemental letter to amend the implementation agreement and revise the terms of the scheme of arrangement.\nIn a separate release, SPH - which publishes The Business Times - noted that the revised offer represents an improvement of 12 per cent over Keppel's original offer, as well as that of Cuscaden Peak's.\nIt is a 57 per cent premium to the undisturbed trading price on March 30 and a 9 per cent premium to the last trading price on Nov 9.\nSPH said: \"Following Cuscaden Peak's announcement on Oct 29, SPH notified Keppel of the proposal and gave Keppel an opportunity to improve their current proposal. Keppel's revised scheme consideration is the outcome of SPH's engagement with Keppel to improve their proposal.\"\nKeppel highlighted that the final offer is \"firm and irrevocable\" with regulatory approvals obtained from MAS and the Foreign Investment Review Board (FIRB) of Australia.\nThe higher cash consideration is expected to increase Keppel's pro forma net gearing post-transaction by 0.03x, with pro forma net gearing expected to remain below 1x.\nSubject to the approvals of both Keppel's and SPH's shareholders at their respective extraordinary general meetings slated for around Dec 8, as well as the sanction of the scheme by Singapore's High Court and the completion of SPH's media restructuring exercise, SPH shareholders can expect to receive the final consideration by mid January 2022.\nLoh Chin Hua, chief executive of Keppel Corporation, said: \"Taking into account improving global economic conditions as well as growing synergies which we have identified between Keppel and SPH's portfolio, Keppel is offering SPH shareholders a higher and final consideration of S$2.351/ share.\"\nHe added: \"Even with the additional cash consideration of S$0.200/share, we continue to see value in the SPH portfolio.\"\nShares in Keppel shed three cents to close at S$5.31, while shares in SPH closed one cent higher at S$2.16 on Tuesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":502,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":858650098,"gmtCreate":1635047603339,"gmtModify":1635047603553,"author":{"id":"3580799026700204","authorId":"3580799026700204","authorIdStr":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>SIA rising","listText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>SIA rising","text":"$SINGAPORE AIRLINES LTD(C6L.SI)$SIA rising","images":[{"img":"https://static.tigerbbs.com/f160f6a6e1209c8dbf379971b33a649c","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/858650098","isVote":1,"tweetType":1,"viewCount":111,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":167967473,"gmtCreate":1624243165692,"gmtModify":1634008992449,"author":{"id":"3580799026700204","authorId":"3580799026700204","authorIdStr":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/167967473","repostId":"1175906479","repostType":2,"repost":{"id":"1175906479","pubTimestamp":1624242000,"share":"https://www.laohu8.com/m/news/1175906479?lang=&edition=full","pubTime":"2021-06-21 10:20","market":"us","language":"en","title":"Apple: Winter Is Coming","url":"https://stock-news.laohu8.com/highlight/detail?id=1175906479","media":"seekingalpha","summary":"Apple's stock has rallied 449% in the last five years, outperforming the 102% rise in the S&P 500 over the same period.I initiate Apple with a Neutral rating and a fair value of $111.42/share .In the enterprise market, customers across many industries are accelerating their adoption of iPhone 12 and 5G as a key platform for the future of their business. Delta Airlines, for example, is putting iPhone 12 and 5G connectivity into the hands of flight attendants so they can provide the best passenger","content":"<p><b>Summary</b></p>\n<ul>\n <li>Apple's stock has rallied 449% in the last five years, outperforming the 102% rise in the S&amp;P 500 over the same period.</li>\n <li>I initiate Apple with a Neutral rating and a fair value of $111.42/share (vs. the current price of $131.7/share).</li>\n <li>From the technical analysis point of view, the stock price is following its ascending triangle pattern and it is heading to the price target of $137/share.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a4dc5052119e6bbc5b693cf7385d8738\" tg-width=\"768\" tg-height=\"512\" referrerpolicy=\"no-referrer\"><span>Michael M. Santiago/Getty Images NewsCompany Overview</span></p>\n<p>Apple Inc (AAPL) stock has rallied 449% in the last five years, outperforming the 102% rise in the S&amp;P 500 over the same period. An outstanding return supported by underlying fundamentals. In particular, I would like to start the analysis with the latter.</p>\n<p>Over the last two decades, the dominant driver of Apple's success has been the iPhone. In 2016, iPhones accounted for 63% of total sales. This was a problem for Apple, and they knew it. The problem existed due to two main factors: first, the smartphone business was mature (with low growth rates); second, it was (and it is) a highly competitive business. However, Apple had something other competitors didn't have, a big iPhone owner base (which allows to sell more services for instance). Through the years Apple has been able to effectively diversify its revenue stream and it currently presents the structure represented below.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4602be0c6fa92191baf04a7496c4e024\" tg-width=\"640\" tg-height=\"363\" referrerpolicy=\"no-referrer\"><span>Source:Author's estimates using data from the latest 10-K report</span></p>\n<p>Let's now take a look at each of these segments:</p>\n<p><b>1. iPhone</b></p>\n<p>From 2016 to 2020, the iPhone segment grew at a CAGR of 0.20% and it changed from representing 63.4% (2016) of total sales to 51% (\"TTM\"). I present below the growth rate for the iPhone segment over the last 5 years (2016-TTM).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/916b48499e3e3ed2c0c167af3ba62bdb\" tg-width=\"607\" tg-height=\"363\" referrerpolicy=\"no-referrer\"><span>Source:Author's estimates using data from the latest10-K report</span></p>\n<p>So far this year the iPhone segment is showing a growth rate of 18.5% TTM, fueled by the new family of iPhone12 with 5G capabilities, and with interesting data coming from China. I believe that the transition to 5G will be the main driver of the growth in this segment. In this manner, I would like to report a piece of the transcript from theQ2 earnings call.</p>\n<blockquote>\n <i>In the enterprise market, customers across many industries are accelerating their adoption of iPhone 12 and 5G as a key platform for the future of their business. Delta Airlines, for example, is putting iPhone 12 and 5G connectivity into the hands of flight attendants so they can provide the best passenger service possible as air travel rebounds.Openreach in the U.K. has started equipping tens of thousands of field engineers with iPhone 12 to speed up their deployment of broadband services to homes around the country. And UCHealth, a large health care provider in Colorado, was able to reduce per patient vaccination time from 3 minutes to only 30 seconds largely by moving from PC stations to iPhones. This has allowed their staff to rapidly scan and register new patients and vastly increase their daily vaccination capacity.</i>\n</blockquote>\n<p><b>2. iPad</b></p>\n<p>As it was in the past, the iPad segment is more or less a constant number as a % of total sales, 9.6% in 2016 vs 9.1% TTM. From 2016 to 2020, the iPad segment grew at a CAGR of 3.56% (with an improving overall trend). I present below the growth rate for the iPad segment over the last 5 years (2016-TTM).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6faf9ddb8d29d662fcaa46bbda862f48\" tg-width=\"616\" tg-height=\"360\" referrerpolicy=\"no-referrer\"><span>Source:Author's estimates using data from the latest 10-K report</span></p>\n<p>The TTM numbers show us an interesting picture with a growth rate of 24.9% TTM for the iPad segment which are driven by 3 factors: the M1 chip, the new 5G capabilities, and the fact that we were all at home. I see a lot of ways in which this new generation of iPads can be implemented. However, I also have to admit that there is a big player swimming in the same sea, the new 2-1 Laptops. The new 2-1 Laptops are a very interesting solution for those looking to have the best of the two worlds. In this last view, the iPad segment may represent a lower % of total sales, around 7.8% (vs current 9.1%).</p>\n<p><b>3. Mac</b></p>\n<p>From 2016 to 2020, the Mac segment grew at a CAGR of 5.81%, and also here, as it is for the iPad segment, the Mac segment represents a more or less constant number as % of total sales 10.6% in 2016 vs 10.4% TTM. I present below the growth rate for the Mac segment over the last 5 years (2016-TTM).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2494d89c1d5cd70a4cf0c5fb31fb20a\" tg-width=\"614\" tg-height=\"363\" referrerpolicy=\"no-referrer\"><span>Source:Author's estimates using data from the latest 10-K report</span></p>\n<p>The generation of new Macs powered by the M1 chip seems to be appreciated by the customers, in fact, the Mac segment presents a growth rate of 18.4% TTM so far this year. I personally tried this new generation of Macs and I have to admit, Apple knows very well how to delight its customers. Personal PCs are a highly competitive market and, even if I like and I use Apple products, I prefer to work with a Lenovo.</p>\n<p><b>4. Wearables, Home, and Accessories (WH&amp;A)</b></p>\n<p>The Wearables, Home, and Accessories segment includes sales of AirPods, Apple TV, Apple Watch, Beats products, HomePod, etc. This is where it gets interesting. From 2016 to 2020, the WH&amp;A segment grew at a CAGR of 28.78%, and it changed from representing only 5.2% of total sales in 2016 to represent 10.8% TTM. I present below the growth rate for the WH&amp;A segment over the last 5 years (2016-TTM).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e16432a1ae66aa9dda7a4f969a9cfcdf\" tg-width=\"607\" tg-height=\"357\" referrerpolicy=\"no-referrer\"><span>Source:Author's estimates using data from the latest 10-K report</span></p>\n<p>The WH&amp;A segment is showing a growth rate of 14.7% TTM driven by a strong performance from both Apple Watch Series 6 and Apple Watch SE. Apple Watch may have a very bright future in the years ahead, driven by Apple entering into the healthcare market. In fact, it can be used to monitor the health status of the person. Imagine you being close to having a heart attack, your Apple Watch may call an ambulance and save your life, not bad no? Finally, let's don't forget also the launch of Apple TV 4K and of the newest accessory, AirTag (I don't see a market for the latter, but I may be wrong).</p>\n<p><b>5. Services</b></p>\n<p>Services include sales from the Company’s advertising, AppleCare, digital content, and other services. From 2016 to 2020, the Services segment grew at a CAGR of 21.9% and it changed from representing 11.3% of total sales in 2016 to represent 18.6% TTM. I present below the growth rate for the Services segment over the last 5 years (2016-TTM).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af34eb1ba8fffd690a75318f8cf805f7\" tg-width=\"610\" tg-height=\"363\" referrerpolicy=\"no-referrer\"><span>Source:Author's estimates using data from the latest 10-K report</span></p>\n<p>To date, the Services segment is showing a growth rate of 12.3% TTM. The growth is driven by App Store, Cloud Services, Music, Advertising, and Payment Services. The new services, Apple TV+, Apple Arcade, Apple News+, and Apple Card, are also starting to contribute to overall services growth, and continue to add users, content, and features. I believe that in the future, the Services segment will be the company's dominant segment. Below I present an interesting part I extrapolated from theQ4 earnings call.</p>\n<blockquote>\n <i>First, our installed base continues to grow and is at an all-time high across each major product category. Second, the number of both transacting and paid accounts on our digital content stores reached a new all-time high during the September quarter, with paid accounts increasing double digits in each of our geographic segments.Third, paid subscriptions grew more than 35 million sequentially, and we now have over 585 million paid subscriptions across the services on our platform, up 135 million from just a year ago. With this momentum, we are very confident to reach and exceed our increased target of 600 million paid subscriptions before the end of calendar 2020.</i>\n</blockquote>\n<p><b>Company Analysis</b></p>\n<p>I initiate Apple with a Neutral rating and a fair value of $111.42/share (vs. the current price of $131.7/share). The fair value is an algorithm-adjusted value that accounts for different factors, fundamental and technical (e.g. DCF fair value, Momentum, etc.), and so it takes into consideration the Mr. Market mood. At the same time, the fair value which I obtained through the DCF model is equal to $105.68/share. Now before showing the results, the numbers used as the base are the trailing twelve-month numbers. Moreover, I also restated the financials since I capitalized on R&amp;D expenses with an amortizable life of 3 years. I don't believe that in the case of Apple, R&amp;D is an operating expense and for this reason, I treat it as CapEx. By taking into account the R&amp;D, the following metrics have been restated (all numbers in $mm).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f7a2222a8e8b9088e619b0b971193a1f\" tg-width=\"569\" tg-height=\"262\" referrerpolicy=\"no-referrer\"><span>Source:Author's estimates using data from the latest 10-K report</span></p>\n<p>It is very important to capitalize on R&amp;D expense, if we don't, we are just keeping the company's biggest asset off-balance sheet.</p>\n<p><b>Discounted Cash Flow Model</b></p>\n<p>Now, let's turn to the discounted cash flow valuation part. Below, you can see the results with the relative assumptions I have made.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2da633d931f51b493d897d9c87ecee5\" tg-width=\"640\" tg-height=\"262\" referrerpolicy=\"no-referrer\"><span>Source:Author's estimates using data from the latest 10-K report</span></p>\n<p>Now, this time I also present along with my estimates three possible scenarios:</p>\n<ul>\n <li><i>Base Case Scenario</i>: The above DCF model represents my base case scenario. In the base case scenario, I assume the drivers of growth to be: the iPhone segment (driven by 5G transition), the Services segment (driven by a broader customer base), and the new powered M1 Macs segment. Under this scenario, I assume a Y1 growth rate of 12%, a CAGR Y2-Y5 of 7.1%, and a target operating margin in Y10 of 27%. The DCF fair value under this scenario is $105.68/share.</li>\n <li><i>Best Case Scenario</i>: The business is booming! In the best-case scenario, I see again as the main drivers the one which I described for the base case scenario, however, in addition, I see a greater market penetration in China. Over the last 5 years, we can observe a falling pattern for sales in China, however, this year sales jumped 39.7% (with the iPhone segment rising substantially). Under this scenario, I assume a Y1 growth rate of 14%, a CAGR Y2-Y5 of 9.1%, and a target operating margin in Y10 of 30%. The DCF fair value under this scenario is $130.32/share.</li>\n <li><i>Worst Case Scenario</i>: Well, this is a scenario that I would like to call like \"mature company scenario\". Under this scenario I see Apple growing a little above the growth rate of the economy and for this reason, I assume a Y1 growth rate of 10%, a CAGR Y2-Y5 of 3.1%, and a target operating margin in Y10 of 25%. The DCF fair value under this scenario is $81.03/share.</li>\n</ul>\n<p>Finally, for each scenario, I see Apple entering into the health care market with its Apple Watch. As you can imagine, I assign a different likelihood of market penetration in each of these scenarios.</p>\n<p><b>Sensitivity Analysis</b></p>\n<p>Moreover, I also would like to provide the sensitivity analysis for the base case scenario.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/95f00eba768526d07d68fd846ecf998d\" tg-width=\"640\" tg-height=\"462\" referrerpolicy=\"no-referrer\"><span>Source:Author's estimates using data from the latest 10-K report</span></p>\n<p><b>Technical Analysis</b></p>\n<p>From the technical analysis point of view, I don't see any problem yet. The stock price is in a bullish mode, currently within an ascending triangle pattern. As of right now, the stock price is following its pattern and it is heading to the price target of $137/share or point D, where it is likely to bounce and head back to point E. If this scenario happens, point E is usually the point where stock price bounces once again and from that point, the stock goes higher (it is just a technical analysis assumption, take it as is).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ecf3e5f45dcb5e30b092c02bbf94d6f9\" tg-width=\"640\" tg-height=\"317\" referrerpolicy=\"no-referrer\"><span>Source:TradingView.com</span></p>\n<p><b>Final Thoughts</b></p>\n<p>Apple is a mature company that is able to see a problem and solve it years ahead. By looking at the fair value, computed under the base case scenario, we can argue that the stock is currently overvalued but not by that much. For what concern risks, the difference between the best-case and the worst-case scenario can be used as a proxy of risk. Taking this into consideration I don't see big reasoning to panic, however, it is also true that I see an upcoming correction for the market. Many indicators, technical and fundamental, are suggesting to me that the market is too heavy right now (even if the S&amp;P500 may go higher, perhaps in the 4400 area). To conclude, I don't think to close out my whole Apple position, however, I will close out 60% of it once it reaches my price target.</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>Apple: Winter Is Coming</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\">\nApple: Winter Is Coming\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 10:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435760-apple-stock-aapl-winter-is-coming><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nApple's stock has rallied 449% in the last five years, outperforming the 102% rise in the S&P 500 over the same period.\nI initiate Apple with a Neutral rating and a fair value of $111.42/...</p>\n\n<a href=\"https://seekingalpha.com/article/4435760-apple-stock-aapl-winter-is-coming\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4435760-apple-stock-aapl-winter-is-coming","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175906479","content_text":"Summary\n\nApple's stock has rallied 449% in the last five years, outperforming the 102% rise in the S&P 500 over the same period.\nI initiate Apple with a Neutral rating and a fair value of $111.42/share (vs. the current price of $131.7/share).\nFrom the technical analysis point of view, the stock price is following its ascending triangle pattern and it is heading to the price target of $137/share.\n\nMichael M. Santiago/Getty Images NewsCompany Overview\nApple Inc (AAPL) stock has rallied 449% in the last five years, outperforming the 102% rise in the S&P 500 over the same period. An outstanding return supported by underlying fundamentals. In particular, I would like to start the analysis with the latter.\nOver the last two decades, the dominant driver of Apple's success has been the iPhone. In 2016, iPhones accounted for 63% of total sales. This was a problem for Apple, and they knew it. The problem existed due to two main factors: first, the smartphone business was mature (with low growth rates); second, it was (and it is) a highly competitive business. However, Apple had something other competitors didn't have, a big iPhone owner base (which allows to sell more services for instance). Through the years Apple has been able to effectively diversify its revenue stream and it currently presents the structure represented below.\nSource:Author's estimates using data from the latest 10-K report\nLet's now take a look at each of these segments:\n1. iPhone\nFrom 2016 to 2020, the iPhone segment grew at a CAGR of 0.20% and it changed from representing 63.4% (2016) of total sales to 51% (\"TTM\"). I present below the growth rate for the iPhone segment over the last 5 years (2016-TTM).\nSource:Author's estimates using data from the latest10-K report\nSo far this year the iPhone segment is showing a growth rate of 18.5% TTM, fueled by the new family of iPhone12 with 5G capabilities, and with interesting data coming from China. I believe that the transition to 5G will be the main driver of the growth in this segment. In this manner, I would like to report a piece of the transcript from theQ2 earnings call.\n\nIn the enterprise market, customers across many industries are accelerating their adoption of iPhone 12 and 5G as a key platform for the future of their business. Delta Airlines, for example, is putting iPhone 12 and 5G connectivity into the hands of flight attendants so they can provide the best passenger service possible as air travel rebounds.Openreach in the U.K. has started equipping tens of thousands of field engineers with iPhone 12 to speed up their deployment of broadband services to homes around the country. And UCHealth, a large health care provider in Colorado, was able to reduce per patient vaccination time from 3 minutes to only 30 seconds largely by moving from PC stations to iPhones. This has allowed their staff to rapidly scan and register new patients and vastly increase their daily vaccination capacity.\n\n2. iPad\nAs it was in the past, the iPad segment is more or less a constant number as a % of total sales, 9.6% in 2016 vs 9.1% TTM. From 2016 to 2020, the iPad segment grew at a CAGR of 3.56% (with an improving overall trend). I present below the growth rate for the iPad segment over the last 5 years (2016-TTM).\nSource:Author's estimates using data from the latest 10-K report\nThe TTM numbers show us an interesting picture with a growth rate of 24.9% TTM for the iPad segment which are driven by 3 factors: the M1 chip, the new 5G capabilities, and the fact that we were all at home. I see a lot of ways in which this new generation of iPads can be implemented. However, I also have to admit that there is a big player swimming in the same sea, the new 2-1 Laptops. The new 2-1 Laptops are a very interesting solution for those looking to have the best of the two worlds. In this last view, the iPad segment may represent a lower % of total sales, around 7.8% (vs current 9.1%).\n3. Mac\nFrom 2016 to 2020, the Mac segment grew at a CAGR of 5.81%, and also here, as it is for the iPad segment, the Mac segment represents a more or less constant number as % of total sales 10.6% in 2016 vs 10.4% TTM. I present below the growth rate for the Mac segment over the last 5 years (2016-TTM).\nSource:Author's estimates using data from the latest 10-K report\nThe generation of new Macs powered by the M1 chip seems to be appreciated by the customers, in fact, the Mac segment presents a growth rate of 18.4% TTM so far this year. I personally tried this new generation of Macs and I have to admit, Apple knows very well how to delight its customers. Personal PCs are a highly competitive market and, even if I like and I use Apple products, I prefer to work with a Lenovo.\n4. Wearables, Home, and Accessories (WH&A)\nThe Wearables, Home, and Accessories segment includes sales of AirPods, Apple TV, Apple Watch, Beats products, HomePod, etc. This is where it gets interesting. From 2016 to 2020, the WH&A segment grew at a CAGR of 28.78%, and it changed from representing only 5.2% of total sales in 2016 to represent 10.8% TTM. I present below the growth rate for the WH&A segment over the last 5 years (2016-TTM).\nSource:Author's estimates using data from the latest 10-K report\nThe WH&A segment is showing a growth rate of 14.7% TTM driven by a strong performance from both Apple Watch Series 6 and Apple Watch SE. Apple Watch may have a very bright future in the years ahead, driven by Apple entering into the healthcare market. In fact, it can be used to monitor the health status of the person. Imagine you being close to having a heart attack, your Apple Watch may call an ambulance and save your life, not bad no? Finally, let's don't forget also the launch of Apple TV 4K and of the newest accessory, AirTag (I don't see a market for the latter, but I may be wrong).\n5. Services\nServices include sales from the Company’s advertising, AppleCare, digital content, and other services. From 2016 to 2020, the Services segment grew at a CAGR of 21.9% and it changed from representing 11.3% of total sales in 2016 to represent 18.6% TTM. I present below the growth rate for the Services segment over the last 5 years (2016-TTM).\nSource:Author's estimates using data from the latest 10-K report\nTo date, the Services segment is showing a growth rate of 12.3% TTM. The growth is driven by App Store, Cloud Services, Music, Advertising, and Payment Services. The new services, Apple TV+, Apple Arcade, Apple News+, and Apple Card, are also starting to contribute to overall services growth, and continue to add users, content, and features. I believe that in the future, the Services segment will be the company's dominant segment. Below I present an interesting part I extrapolated from theQ4 earnings call.\n\nFirst, our installed base continues to grow and is at an all-time high across each major product category. Second, the number of both transacting and paid accounts on our digital content stores reached a new all-time high during the September quarter, with paid accounts increasing double digits in each of our geographic segments.Third, paid subscriptions grew more than 35 million sequentially, and we now have over 585 million paid subscriptions across the services on our platform, up 135 million from just a year ago. With this momentum, we are very confident to reach and exceed our increased target of 600 million paid subscriptions before the end of calendar 2020.\n\nCompany Analysis\nI initiate Apple with a Neutral rating and a fair value of $111.42/share (vs. the current price of $131.7/share). The fair value is an algorithm-adjusted value that accounts for different factors, fundamental and technical (e.g. DCF fair value, Momentum, etc.), and so it takes into consideration the Mr. Market mood. At the same time, the fair value which I obtained through the DCF model is equal to $105.68/share. Now before showing the results, the numbers used as the base are the trailing twelve-month numbers. Moreover, I also restated the financials since I capitalized on R&D expenses with an amortizable life of 3 years. I don't believe that in the case of Apple, R&D is an operating expense and for this reason, I treat it as CapEx. By taking into account the R&D, the following metrics have been restated (all numbers in $mm).\nSource:Author's estimates using data from the latest 10-K report\nIt is very important to capitalize on R&D expense, if we don't, we are just keeping the company's biggest asset off-balance sheet.\nDiscounted Cash Flow Model\nNow, let's turn to the discounted cash flow valuation part. Below, you can see the results with the relative assumptions I have made.\nSource:Author's estimates using data from the latest 10-K report\nNow, this time I also present along with my estimates three possible scenarios:\n\nBase Case Scenario: The above DCF model represents my base case scenario. In the base case scenario, I assume the drivers of growth to be: the iPhone segment (driven by 5G transition), the Services segment (driven by a broader customer base), and the new powered M1 Macs segment. Under this scenario, I assume a Y1 growth rate of 12%, a CAGR Y2-Y5 of 7.1%, and a target operating margin in Y10 of 27%. The DCF fair value under this scenario is $105.68/share.\nBest Case Scenario: The business is booming! In the best-case scenario, I see again as the main drivers the one which I described for the base case scenario, however, in addition, I see a greater market penetration in China. Over the last 5 years, we can observe a falling pattern for sales in China, however, this year sales jumped 39.7% (with the iPhone segment rising substantially). Under this scenario, I assume a Y1 growth rate of 14%, a CAGR Y2-Y5 of 9.1%, and a target operating margin in Y10 of 30%. The DCF fair value under this scenario is $130.32/share.\nWorst Case Scenario: Well, this is a scenario that I would like to call like \"mature company scenario\". Under this scenario I see Apple growing a little above the growth rate of the economy and for this reason, I assume a Y1 growth rate of 10%, a CAGR Y2-Y5 of 3.1%, and a target operating margin in Y10 of 25%. The DCF fair value under this scenario is $81.03/share.\n\nFinally, for each scenario, I see Apple entering into the health care market with its Apple Watch. As you can imagine, I assign a different likelihood of market penetration in each of these scenarios.\nSensitivity Analysis\nMoreover, I also would like to provide the sensitivity analysis for the base case scenario.\nSource:Author's estimates using data from the latest 10-K report\nTechnical Analysis\nFrom the technical analysis point of view, I don't see any problem yet. The stock price is in a bullish mode, currently within an ascending triangle pattern. As of right now, the stock price is following its pattern and it is heading to the price target of $137/share or point D, where it is likely to bounce and head back to point E. If this scenario happens, point E is usually the point where stock price bounces once again and from that point, the stock goes higher (it is just a technical analysis assumption, take it as is).\nSource:TradingView.com\nFinal Thoughts\nApple is a mature company that is able to see a problem and solve it years ahead. By looking at the fair value, computed under the base case scenario, we can argue that the stock is currently overvalued but not by that much. For what concern risks, the difference between the best-case and the worst-case scenario can be used as a proxy of risk. Taking this into consideration I don't see big reasoning to panic, however, it is also true that I see an upcoming correction for the market. Many indicators, technical and fundamental, are suggesting to me that the market is too heavy right now (even if the S&P500 may go higher, perhaps in the 4400 area). To conclude, I don't think to close out my whole Apple position, however, I will close out 60% of it once it reaches my price target.","news_type":1},"isVote":1,"tweetType":1,"viewCount":110,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879386815,"gmtCreate":1636682383565,"gmtModify":1636683159832,"author":{"id":"3580799026700204","authorId":"3580799026700204","authorIdStr":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879386815","repostId":"1182417400","repostType":4,"repost":{"id":"1182417400","pubTimestamp":1636678298,"share":"https://www.laohu8.com/m/news/1182417400?lang=&edition=full","pubTime":"2021-11-12 08:51","market":"hk","language":"en","title":"How Rivian's IPO Drove EV Stocks Higher Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1182417400","media":"24/7 wall st","summary":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal com","content":"<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).</p>\n<p>Rivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John <a href=\"https://laohu8.com/S/MUR\">Murphy</a> and his team also raised their price objectives for <a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a>. (NASDAQ: LCID) from $30 to $60 and for <a href=\"https://laohu8.com/S/FSR\">Fisker Inc.</a> (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.</p>\n<p>BofA also maintained its price objectives on two other EV makers. <a href=\"https://laohu8.com/S/GOEV\">Canoo Inc.</a> (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.</p>\n<p>One interesting note in BofA’s analysis is its summation of Tesla’s dominance:</p>\n<blockquote>\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n</blockquote>\n<p>Left unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:</p>\n<blockquote>\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n</blockquote>\n<p>The downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.</p>\n<p>Rivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.</p>\n<p>Electric van maker <a href=\"https://laohu8.com/S/ARVL\">Arrival</a> S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.</p>\n<p><a href=\"https://laohu8.com/S/WKHS\">Workhorse</a> Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.</p>\n<p><a href=\"https://laohu8.com/S/CAAS\">China</a>-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.</p>\n<p>Lucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.</p>\n<p>Canoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.</p>\n<p>Lordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.</p>\n<p>Tesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.</p>\n<p>Legacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. <a href=\"https://laohu8.com/S/GM\">General Motors</a> Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and <a href=\"https://laohu8.com/S/F\">Ford</a> Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.</p>","source":"lsy1636345238431","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>How Rivian's IPO Drove EV Stocks Higher Thursday</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\">\nHow Rivian's IPO Drove EV Stocks Higher Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 08:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/><strong>24/7 wall st</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all ...</p>\n\n<a href=\"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WKHS":"Workhorse Group, Inc.","LCID":"Lucid Group Inc","XPEV":"小鹏汽车"},"source_url":"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182417400","content_text":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).\nRivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John Murphy and his team also raised their price objectives for Lucid Group Inc. (NASDAQ: LCID) from $30 to $60 and for Fisker Inc. (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.\nBofA also maintained its price objectives on two other EV makers. Canoo Inc. (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.\nOne interesting note in BofA’s analysis is its summation of Tesla’s dominance:\n\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n\nLeft unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:\n\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n\nThe downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.\nRivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.\nElectric van maker Arrival S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.\nWorkhorse Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.\nChina-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.\nLucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.\nCanoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.\nLordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.\nTesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.\nLegacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. General Motors Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and Ford Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.","news_type":1},"isVote":1,"tweetType":1,"viewCount":599,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":840572830,"gmtCreate":1635665869658,"gmtModify":1635665869806,"author":{"id":"3580799026700204","authorId":"3580799026700204","authorIdStr":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>SIA RISING","listText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>SIA RISING","text":"$SINGAPORE AIRLINES LTD(C6L.SI)$SIA 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