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Ipterry
2021-05-28
$FIGTREE HOLDINGS LIMITED(5F4.SI)$
up
Ipterry
2021-04-21
Nice
Despite Short-Term Pain, Baidu Stock Is a Buy for Long-Term Growth
Ipterry
2021-04-21
Nice
抱歉，原内容已删除
Ipterry
2021-04-21
Nice
抱歉，原内容已删除
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href=\"https://laohu8.com/S/5F4.SI\">$FIGTREE HOLDINGS LIMITED(5F4.SI)$</a>up","listText":"<a href=\"https://laohu8.com/S/5F4.SI\">$FIGTREE HOLDINGS LIMITED(5F4.SI)$</a>up","text":"$FIGTREE HOLDINGS 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17:40","market":"hk","language":"en","title":"Despite Short-Term Pain, Baidu Stock Is a Buy for Long-Term Growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1174051099","media":"InvestorPlace","summary":"BIDU's investments in artificial intelligence and electric vehicles make it attractive\nBaidu (NASDAQ","content":"<p>BIDU's investments in artificial intelligence and electric vehicles make it attractive</p>\n<p><b>Baidu</b> (NASDAQ:<b><u>BIDU</u></b>) saw its shares surge to an all-time high of $354.82 in February. It then saw that share price collapse over the next two months. At this point, BIDU stock is trading around $207, down nearly 42% from its lofty February heights.</p>\n<p>What has been going on in 2021 to cause such extreme movement in BIDU stock? And at its current price — which is lower than it was to kick off 2021 — is the stock an investment you should be considering? Or is this an unfolding disaster that’s best to stay well away from?</p>\n<p>I don’t think there’s any reason for current Baidu shareholders to panic. If anything, the current price makes BIDU stock a very interesting investment prospect. Here’s my rationale for this assessment.</p>\n<p><b>Why BIDU Spiked in February</b></p>\n<p>Baidu is a Chinese tech company with a considerable history — it’s been publicly traded in the U.S. since 2005. This is an established company with a proven business model, not a startup. Baidu is considered one of China’s internet giants, with a strong position in areas like online search, cloud computing, online mapping and mobile apps. It is also an AI leader, with the largest number of artificial intelligence (AI) patents of any Chinese company.</p>\n<p>However, the reason for the big spike in BIDU stock earlier this year was for something entirely different. On Jan. 10, Baidu announced it is entering the red-hot electric vehicle (EV) market. It is partnering with multinational EV-maker <b>Geely</b>,best known to Americans as the owner of Volvo. Baidu (which owns 283 autonomous driving patents) will provide the driving technology, while Geely handles the design and manufacturing.</p>\n<p>Baidu was already a company with a leading role in many areas that are seeing high growth. Adding electric cars to the mix was enough to help propel BIDU stock to a 55% gain over the next five weeks.</p>\n<p><b>Why the Stock Has Fallen</b></p>\n<p>Given the enthusiasm over Baidu’s entry into the EV market, what happened to deflate BIDU stock so quickly?</p>\n<p>A combination of factors is responsible. Starting in February, we began to see a broad selloff of tech stocks, and Baidu was caught up in that.</p>\n<p>There are additional issues in play that have spooked investors that are more specific to Baidu. As a Chinese company listed on an American exchange, Baidu could eventually face delisting. It is seeing growing competition for advertising revenue from increasingly popular Chinese social media apps like <b>TikTok</b>. In addition, the Chinese government continues to ramp up pressure on tech and internet companies, with threats of increased regulation.</p>\n<p>Combined, these factors were enough to chill investors and reverse the gains BIDU stock made after its EV announcement.</p>\n<p><b>The Bottom Line on BIDU Stock</b></p>\n<p>How do other analysts feel about Baidu stock? Am I the only one who feels the punishment the market has inflicted on BIDU is overreaction? Hardly.</p>\n<p>I checked in with<i>CNN Money</i>, which polled 38 investment analysts who are covering the company. They rate BIDU stock as a consensus “Buy.” In fact, 30 of the 38 are in the “Buy” camp, with two rating BIDU as “Outperform.” Their median 12-month price target of $355.89 offers nearly 72% upside.</p>\n<p>There is a lone holdout with a “Sell” rating, and the lowest price target of $198.71 has just 4% downside. Clearly, this group agrees that Baidu is a company with a future, with shares that are currently undervalued and positioned for growth.</p>\n<p>Time to circle back to the question: Is BIDU stock a buy? There<i>are</i>risks that could adversely impact the company, ranging from the threat of delisting to increased Chinese government regulation. These concerns contribute to Baidu’s “B” rating in<i>Portfolio Grader</i>.</p>\n<p>However, if you look beyond the risks — which are far from certain — the picture is pretty attractive. The biggest internet search and AI player in China, and a new entrant in the rapidly expanding EV market, with stock at a 42% discount compared to its mid-February high?</p>\n<p>That’s a tough one to pass up.</p>","source":"lsy1606302653667","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>Despite Short-Term Pain, Baidu Stock Is a Buy for Long-Term Growth</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\">\nDespite Short-Term Pain, Baidu Stock Is a Buy for Long-Term Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-21 17:40 GMT+8 <a href=https://investorplace.com/2021/04/despite-short-term-pain-bidu-stock-is-buy-for-long-term-growth/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BIDU's investments in artificial intelligence and electric vehicles make it attractive\nBaidu (NASDAQ:BIDU) saw its shares surge to an all-time high of $354.82 in February. It then saw that share price...</p>\n\n<a href=\"https://investorplace.com/2021/04/despite-short-term-pain-bidu-stock-is-buy-for-long-term-growth/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","09888":"百度集团-SW"},"source_url":"https://investorplace.com/2021/04/despite-short-term-pain-bidu-stock-is-buy-for-long-term-growth/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174051099","content_text":"BIDU's investments in artificial intelligence and electric vehicles make it attractive\nBaidu (NASDAQ:BIDU) saw its shares surge to an all-time high of $354.82 in February. It then saw that share price collapse over the next two months. At this point, BIDU stock is trading around $207, down nearly 42% from its lofty February heights.\nWhat has been going on in 2021 to cause such extreme movement in BIDU stock? And at its current price — which is lower than it was to kick off 2021 — is the stock an investment you should be considering? Or is this an unfolding disaster that’s best to stay well away from?\nI don’t think there’s any reason for current Baidu shareholders to panic. If anything, the current price makes BIDU stock a very interesting investment prospect. Here’s my rationale for this assessment.\nWhy BIDU Spiked in February\nBaidu is a Chinese tech company with a considerable history — it’s been publicly traded in the U.S. since 2005. This is an established company with a proven business model, not a startup. Baidu is considered one of China’s internet giants, with a strong position in areas like online search, cloud computing, online mapping and mobile apps. It is also an AI leader, with the largest number of artificial intelligence (AI) patents of any Chinese company.\nHowever, the reason for the big spike in BIDU stock earlier this year was for something entirely different. On Jan. 10, Baidu announced it is entering the red-hot electric vehicle (EV) market. It is partnering with multinational EV-maker Geely,best known to Americans as the owner of Volvo. Baidu (which owns 283 autonomous driving patents) will provide the driving technology, while Geely handles the design and manufacturing.\nBaidu was already a company with a leading role in many areas that are seeing high growth. Adding electric cars to the mix was enough to help propel BIDU stock to a 55% gain over the next five weeks.\nWhy the Stock Has Fallen\nGiven the enthusiasm over Baidu’s entry into the EV market, what happened to deflate BIDU stock so quickly?\nA combination of factors is responsible. Starting in February, we began to see a broad selloff of tech stocks, and Baidu was caught up in that.\nThere are additional issues in play that have spooked investors that are more specific to Baidu. As a Chinese company listed on an American exchange, Baidu could eventually face delisting. It is seeing growing competition for advertising revenue from increasingly popular Chinese social media apps like TikTok. In addition, the Chinese government continues to ramp up pressure on tech and internet companies, with threats of increased regulation.\nCombined, these factors were enough to chill investors and reverse the gains BIDU stock made after its EV announcement.\nThe Bottom Line on BIDU Stock\nHow do other analysts feel about Baidu stock? Am I the only one who feels the punishment the market has inflicted on BIDU is overreaction? Hardly.\nI checked in withCNN Money, which polled 38 investment analysts who are covering the company. They rate BIDU stock as a consensus “Buy.” In fact, 30 of the 38 are in the “Buy” camp, with two rating BIDU as “Outperform.” Their median 12-month price target of $355.89 offers nearly 72% upside.\nThere is a lone holdout with a “Sell” rating, and the lowest price target of $198.71 has just 4% downside. Clearly, this group agrees that Baidu is a company with a future, with shares that are currently undervalued and positioned for growth.\nTime to circle back to the question: Is BIDU stock a buy? Therearerisks that could adversely impact the company, ranging from the threat of delisting to increased Chinese government regulation. These concerns contribute to Baidu’s “B” rating inPortfolio Grader.\nHowever, if you look beyond the risks — which are far from certain — the picture is pretty attractive. The biggest internet search and AI player in China, and a new entrant in the rapidly expanding EV market, with stock at a 42% discount compared to its mid-February high?\nThat’s a tough one to pass up.","news_type":1},"isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378387431,"gmtCreate":1619001882523,"gmtModify":1634289312439,"author":{"id":"3581489737153296","authorId":"3581489737153296","name":"Ipterry","avatar":"https://static.tigerbbs.com/50e9eb57f3e5cda6ebfded6353750212","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581489737153296","authorIdStr":"3581489737153296"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/378387431","repostId":"1122748494","repostType":4,"isVote":1,"tweetType":1,"viewCount":185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378384116,"gmtCreate":1619001713535,"gmtModify":1634289313500,"author":{"id":"3581489737153296","authorId":"3581489737153296","name":"Ipterry","avatar":"https://static.tigerbbs.com/50e9eb57f3e5cda6ebfded6353750212","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581489737153296","authorIdStr":"3581489737153296"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/378384116","repostId":"2129942878","repostType":4,"isVote":1,"tweetType":1,"viewCount":107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":378369129,"gmtCreate":1619001994661,"gmtModify":1634289311838,"author":{"id":"3581489737153296","authorId":"3581489737153296","name":"Ipterry","avatar":"https://static.tigerbbs.com/50e9eb57f3e5cda6ebfded6353750212","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581489737153296","idStr":"3581489737153296"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/378369129","repostId":"1174051099","repostType":4,"isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378387431,"gmtCreate":1619001882523,"gmtModify":1634289312439,"author":{"id":"3581489737153296","authorId":"3581489737153296","name":"Ipterry","avatar":"https://static.tigerbbs.com/50e9eb57f3e5cda6ebfded6353750212","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581489737153296","idStr":"3581489737153296"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/378387431","repostId":"1122748494","repostType":4,"repost":{"id":"1122748494","pubTimestamp":1618997556,"share":"https://www.laohu8.com/m/news/1122748494?lang=&edition=full","pubTime":"2021-04-21 17:32","market":"us","language":"en","title":"Netflix: A Rare Misstep","url":"https://stock-news.laohu8.com/highlight/detail?id=1122748494","media":"seekingalpha","summary":"Netflix notes that it wasn't churn that's dipping its revenue growth rates, but a lackluster user acquisition in the period.Questions linger on whether or not Netflix will return to +20% growth rates. I suspect it's a temporary dip in the streaming giant's revenue growth profile.Netflix delivered a rare miss. Yet, long-term shareholders shouldn't be too disappointed with its solid Q1 2020 performance.Investors have always been focusing on Netflix's subscriber numbers, but I assert that focusing","content":"<p><b>Summary</b></p>\n<ul>\n <li>Netflix notes that it wasn't churn that's dipping its revenue growth rates, but a lackluster user acquisition in the period.</li>\n <li>Questions linger on whether or not Netflix will return to +20% growth rates. I suspect it's a temporary dip in the streaming giant's revenue growth profile.</li>\n <li>All considered, at 8x forward sales multiple, the stock is not expensive for what's on offer, particularly given that it's now pointing towards sustainable FCF positive.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1425dfe95e4a0422036941875b4d0bbc\" tg-width=\"1536\" tg-height=\"1035\"><span>Photo by Ethan Miller/Getty Images News via Getty Images</span></p>\n<p><b>Investment Thesis</b></p>\n<p>Netflix (NASDAQ:NFLX) delivered a rare miss. Yet, long-term shareholders shouldn't be too disappointed with its solid Q1 2020 performance.</p>\n<p>Investors have always been focusing on Netflix's subscriber numbers, but I assert that focusing on that<i>detail</i>misses the forest for the trees.</p>\n<p>The big story here I declare is that Netflix is expertly managed and that, right<i>now</i>, investors are being asked to pay approximately 8x forward sales for Netflix - arguably its lowest valuation for a while.</p>\n<p>The short story is,<i>there are lots of exciting drivers for Netflix, and that investors shouldn't get overly caught up in a single choppy quarter.</i></p>\n<p><b>Netflix Results: What Happened?</b></p>\n<p>Netflix's results were strong, yet the stock sold off, why? The big takeaway from the commentators was that Netflix's subscriber addition for the quarter ahead is pointing towards just 1 million.</p>\n<p>This is the lowest net addition in more than 5 years, with the recent lowest net addition of subscribers being 2.2 million during Q3 2020. However, I believe that there's more at play than initially meets the eye here and that<i>context</i>is important.</p>\n<p>Accordingly, readers should keep in mind the shaky market we've seen the past few days, with tech, in particular, being hit hard.</p>\n<p>Moreover, Netflix was perceived by investors as one of the companies that were early-to-benefit from the COVID environment, with investors amply rewarding its stock very early in the pandemic.</p>\n<p>For their part, CEO Reed Hastings and team had been very consistent in their message throughout COVID, that Netflix was pulling forward subscribers and that there would at some point be a ''pause'' in the pace of net additions.</p>\n<p>Moving on, Netflix has been consistent in its message throughout the past year, although it has acknowledged that Disney (DIS) and Amazon (AMZN) Video, as well as, other streaming platforms are a competition to Netflix, that they consider this view to be too narrow. Indeed, Netflix notes that gaming and user-generated content such as YouTube (GOOG)(GOOGL) and TikTok (BDNCE) are also sources of competition.</p>\n<p>To that end, Netflix noted that churn levels were<i>lower</i>in Q1 2021 than they were back in Q1 2020. In fact, Hastings remarks that the problem is down to a lower user acquisition profile on the back of a lack of fresh content slate - that is light due to COVID impacting its production schedule and that investors should anticipate a heavier content slate in H2 2021.</p>\n<p><b>Revenue Growth Rates are Steady</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ee6487aa11635049aa497a7b17e0152a\" tg-width=\"640\" tg-height=\"298\"><span>Source: author's calculations, shareholder letter</span></p>\n<p>Netflix obviously had a terrific 2020 as you can see above, but as we look ahead to Q2 2021, we can see that its revenue growth rates are pointing towards dipping below that infamous 20% hurdle.</p>\n<p>For many investors, the drop from 30% to 20% has less of a psychological impact than the drop from mid 20s% to sub 20s%. For investors, that now squarely points towards Netflix no longer being a high growth engine, but more of a mature company.</p>\n<p>Personally, if I was a Netflix shareholder, this wouldn't be the set of results I would throw in the towel. That's the great thing about investing alongside the best management teams - they are incredibly innovative.</p>\n<p>In fact, in the shareholder letter, Hastings reminds investors that Netflix has a long history of innovating, as it migrated from a DVD-by-mail towards a streaming company, as well as, a licensor of second window content to a producer of original content.</p>\n<p>Again, that's the great aspect of investing alongside owner-operated companies, they are incredibly driven and competitive. As Hastings mentions in his book, there is no space for sub-delivering executives. The company is always forward-thinking and has navigated plenty of setbacks before.</p>\n<p><b>Valuation - Still More Upside Potential</b></p>\n<p>During the earnings call, Netflix's Spencer Neumann notes the choppiness in subscriber adds during COVID. And that COVID has delayed a substantial portion of its production titles.</p>\n<p>Furthermore, Neumann and Hastings remark that investors should continue to buy into the narrative that streaming entertainment is not only growing but that it's speeding up.</p>\n<p>As a benchmark, if you compare over a 2-year stack, Netflix's net subscriber additions grew by roughly 19% CAGR, against a historical backdrop of 20% addition in subscriber numbers.</p>\n<p>This all lends itself to the point I wish to impress upon the reader, that Netflix has a lot more going for it than being just a COVID winner.</p>\n<p>Indeed, consider this, right now, Netflix notes that not only it's expecting to be sustainably free cash flow breakeven, but it's bringing down its debt on its balance sheet and starting to repurchase its own shares. Could Netflix ever become a free cash flow story? Remarkable as it may seem, I believe it's a resounding yes.</p>\n<p>What investors need to think about is that assuming Netflix reaches approximately $30 billion of revenues in 2021, that the stock is right now priced at just 8x forward sales.</p>\n<p>This would be arguably the lowest multiple that Netflix has been priced at for a while. But what's particularly noteworthy is that expectations have become so low of Netflix.</p>\n<p><b>The Bottom Line</b></p>\n<p>I make the case that investors have become ''bored'' of investing in Netflix. Right now, the stock is being priced at just 8x forward sales, the lowest valuation Netflix's stock has seen for some time.</p>\n<p>Further, Netflix is, dare I say, starting to become a free cash flow generator and looking forward to repurchasing its own shares.</p>\n<p>There are obviously still huge overhanging questions over Netflix's amortization schedule, but if investors hang around waiting for full closure on<i>thatchapter</i>, they'll miss out on the substantial upside potential presented right now.</p>\n<p>In actuality, that's why I haven't spent any time discussing Netflix's earnings, because Netflix's free cash flow is a less contentious issue for both bulls and bears.</p>\n<p>In sum, Netflix continues to plow ahead, and long-term shareholders should be fairly content with this set of results.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Netflix: A Rare Misstep</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\">\nNetflix: A Rare Misstep\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-21 17:32 GMT+8 <a href=https://seekingalpha.com/article/4420197-netflix-q12021-earnings-results-rare-misstep><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nNetflix notes that it wasn't churn that's dipping its revenue growth rates, but a lackluster user acquisition in the period.\nQuestions linger on whether or not Netflix will return to +20% ...</p>\n\n<a href=\"https://seekingalpha.com/article/4420197-netflix-q12021-earnings-results-rare-misstep\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NFLX":"奈飞"},"source_url":"https://seekingalpha.com/article/4420197-netflix-q12021-earnings-results-rare-misstep","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1122748494","content_text":"Summary\n\nNetflix notes that it wasn't churn that's dipping its revenue growth rates, but a lackluster user acquisition in the period.\nQuestions linger on whether or not Netflix will return to +20% growth rates. I suspect it's a temporary dip in the streaming giant's revenue growth profile.\nAll considered, at 8x forward sales multiple, the stock is not expensive for what's on offer, particularly given that it's now pointing towards sustainable FCF positive.\n\nPhoto by Ethan Miller/Getty Images News via Getty Images\nInvestment Thesis\nNetflix (NASDAQ:NFLX) delivered a rare miss. Yet, long-term shareholders shouldn't be too disappointed with its solid Q1 2020 performance.\nInvestors have always been focusing on Netflix's subscriber numbers, but I assert that focusing on thatdetailmisses the forest for the trees.\nThe big story here I declare is that Netflix is expertly managed and that, rightnow, investors are being asked to pay approximately 8x forward sales for Netflix - arguably its lowest valuation for a while.\nThe short story is,there are lots of exciting drivers for Netflix, and that investors shouldn't get overly caught up in a single choppy quarter.\nNetflix Results: What Happened?\nNetflix's results were strong, yet the stock sold off, why? The big takeaway from the commentators was that Netflix's subscriber addition for the quarter ahead is pointing towards just 1 million.\nThis is the lowest net addition in more than 5 years, with the recent lowest net addition of subscribers being 2.2 million during Q3 2020. However, I believe that there's more at play than initially meets the eye here and thatcontextis important.\nAccordingly, readers should keep in mind the shaky market we've seen the past few days, with tech, in particular, being hit hard.\nMoreover, Netflix was perceived by investors as one of the companies that were early-to-benefit from the COVID environment, with investors amply rewarding its stock very early in the pandemic.\nFor their part, CEO Reed Hastings and team had been very consistent in their message throughout COVID, that Netflix was pulling forward subscribers and that there would at some point be a ''pause'' in the pace of net additions.\nMoving on, Netflix has been consistent in its message throughout the past year, although it has acknowledged that Disney (DIS) and Amazon (AMZN) Video, as well as, other streaming platforms are a competition to Netflix, that they consider this view to be too narrow. Indeed, Netflix notes that gaming and user-generated content such as YouTube (GOOG)(GOOGL) and TikTok (BDNCE) are also sources of competition.\nTo that end, Netflix noted that churn levels werelowerin Q1 2021 than they were back in Q1 2020. In fact, Hastings remarks that the problem is down to a lower user acquisition profile on the back of a lack of fresh content slate - that is light due to COVID impacting its production schedule and that investors should anticipate a heavier content slate in H2 2021.\nRevenue Growth Rates are Steady\nSource: author's calculations, shareholder letter\nNetflix obviously had a terrific 2020 as you can see above, but as we look ahead to Q2 2021, we can see that its revenue growth rates are pointing towards dipping below that infamous 20% hurdle.\nFor many investors, the drop from 30% to 20% has less of a psychological impact than the drop from mid 20s% to sub 20s%. For investors, that now squarely points towards Netflix no longer being a high growth engine, but more of a mature company.\nPersonally, if I was a Netflix shareholder, this wouldn't be the set of results I would throw in the towel. That's the great thing about investing alongside the best management teams - they are incredibly innovative.\nIn fact, in the shareholder letter, Hastings reminds investors that Netflix has a long history of innovating, as it migrated from a DVD-by-mail towards a streaming company, as well as, a licensor of second window content to a producer of original content.\nAgain, that's the great aspect of investing alongside owner-operated companies, they are incredibly driven and competitive. As Hastings mentions in his book, there is no space for sub-delivering executives. The company is always forward-thinking and has navigated plenty of setbacks before.\nValuation - Still More Upside Potential\nDuring the earnings call, Netflix's Spencer Neumann notes the choppiness in subscriber adds during COVID. And that COVID has delayed a substantial portion of its production titles.\nFurthermore, Neumann and Hastings remark that investors should continue to buy into the narrative that streaming entertainment is not only growing but that it's speeding up.\nAs a benchmark, if you compare over a 2-year stack, Netflix's net subscriber additions grew by roughly 19% CAGR, against a historical backdrop of 20% addition in subscriber numbers.\nThis all lends itself to the point I wish to impress upon the reader, that Netflix has a lot more going for it than being just a COVID winner.\nIndeed, consider this, right now, Netflix notes that not only it's expecting to be sustainably free cash flow breakeven, but it's bringing down its debt on its balance sheet and starting to repurchase its own shares. Could Netflix ever become a free cash flow story? Remarkable as it may seem, I believe it's a resounding yes.\nWhat investors need to think about is that assuming Netflix reaches approximately $30 billion of revenues in 2021, that the stock is right now priced at just 8x forward sales.\nThis would be arguably the lowest multiple that Netflix has been priced at for a while. But what's particularly noteworthy is that expectations have become so low of Netflix.\nThe Bottom Line\nI make the case that investors have become ''bored'' of investing in Netflix. Right now, the stock is being priced at just 8x forward sales, the lowest valuation Netflix's stock has seen for some time.\nFurther, Netflix is, dare I say, starting to become a free cash flow generator and looking forward to repurchasing its own shares.\nThere are obviously still huge overhanging questions over Netflix's amortization schedule, but if investors hang around waiting for full closure onthatchapter, they'll miss out on the substantial upside potential presented right now.\nIn actuality, that's why I haven't spent any time discussing Netflix's earnings, because Netflix's free cash flow is a less contentious issue for both bulls and bears.\nIn sum, Netflix continues to plow ahead, and long-term shareholders should be fairly content with this set of results.","news_type":1},"isVote":1,"tweetType":1,"viewCount":185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135490646,"gmtCreate":1622173904385,"gmtModify":1634183128294,"author":{"id":"3581489737153296","authorId":"3581489737153296","name":"Ipterry","avatar":"https://static.tigerbbs.com/50e9eb57f3e5cda6ebfded6353750212","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581489737153296","idStr":"3581489737153296"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/5F4.SI\">$FIGTREE HOLDINGS LIMITED(5F4.SI)$</a>up","listText":"<a href=\"https://laohu8.com/S/5F4.SI\">$FIGTREE HOLDINGS LIMITED(5F4.SI)$</a>up","text":"$FIGTREE HOLDINGS LIMITED(5F4.SI)$up","images":[{"img":"https://static.tigerbbs.com/5a18aa29836f8ff9f2e4dbc69d60887a","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/135490646","isVote":1,"tweetType":1,"viewCount":166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":378384116,"gmtCreate":1619001713535,"gmtModify":1634289313500,"author":{"id":"3581489737153296","authorId":"3581489737153296","name":"Ipterry","avatar":"https://static.tigerbbs.com/50e9eb57f3e5cda6ebfded6353750212","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581489737153296","idStr":"3581489737153296"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/378384116","repostId":"2129942878","repostType":4,"repost":{"id":"2129942878","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1618994967,"share":"https://www.laohu8.com/m/news/2129942878?lang=&edition=full","pubTime":"2021-04-21 16:49","market":"hk","language":"en","title":"China Unicom Hong Kong Says In March, Aggregate Number Of 5G Package Subscribers 91.852 MLN","url":"https://stock-news.laohu8.com/highlight/detail?id=2129942878","media":"Reuters","summary":"April 21 (Reuters) - China Unicom Hong Kong Ltd :* IN MARCH , AGGREGATE NUMBER OF MOBILE BILLING S","content":"<p>April 21 (Reuters) - China Unicom Hong Kong Ltd :</p><p>* IN MARCH , AGGREGATE NUMBER OF MOBILE BILLING SUBSCRIBERS 309.293 MILLION</p><p>* IN MARCH , NET ADDITION OF MOBILE BILLING SUBSCRIBERS FOR MONTH 2.957 MILLION</p><p>* IN MARCH, AGGREGATE NUMBER OF 5G PACKAGE SUBSCRIBERS 91.852 MILLION</p><p>* IN MARCH , NET ADDITION OF FIXED-LINE BROADBAND SUBSCRIBERS FOR MONTH 0.964 MILLION</p><p>* MARCH AGGREGATE NUMBER OF FIXED-LINE BROADBAND SUBSCRIBERS 88.127 MILLION</p><p>* IN MARCH, NET ADDITION OF 5G PACKAGE SUBSCRIBERS 7.309 MILLION</p><p>* MARCH AGGREGATE NUMBER OF LOCAL ACCESS SUBSCRIBERS 47.267 MILLION</p><p>* MARCH NET LOSS OF LOCAL ACCESS SUBSCRIBERS FOR MONTH 0.030 MILLION</p><p>Source ( ) Further company coverage:</p><p>((Reuters.Briefs@thomsonreuters.com;))</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>China Unicom Hong Kong Says In March, Aggregate Number Of 5G Package Subscribers 91.852 MLN</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\">\nChina Unicom Hong Kong Says In March, Aggregate Number Of 5G Package Subscribers 91.852 MLN\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-21 16:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>April 21 (Reuters) - China Unicom Hong Kong Ltd :</p><p>* IN MARCH , AGGREGATE NUMBER OF MOBILE BILLING SUBSCRIBERS 309.293 MILLION</p><p>* IN MARCH , NET ADDITION OF MOBILE BILLING SUBSCRIBERS FOR MONTH 2.957 MILLION</p><p>* IN MARCH, AGGREGATE NUMBER OF 5G PACKAGE SUBSCRIBERS 91.852 MILLION</p><p>* IN MARCH , NET ADDITION OF FIXED-LINE BROADBAND SUBSCRIBERS FOR MONTH 0.964 MILLION</p><p>* MARCH AGGREGATE NUMBER OF FIXED-LINE BROADBAND SUBSCRIBERS 88.127 MILLION</p><p>* IN MARCH, NET ADDITION OF 5G PACKAGE SUBSCRIBERS 7.309 MILLION</p><p>* MARCH AGGREGATE NUMBER OF LOCAL ACCESS SUBSCRIBERS 47.267 MILLION</p><p>* MARCH NET LOSS OF LOCAL ACCESS SUBSCRIBERS FOR MONTH 0.030 MILLION</p><p>Source ( ) Further company coverage:</p><p>((Reuters.Briefs@thomsonreuters.com;))</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00762":"中国联通"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129942878","content_text":"April 21 (Reuters) - China Unicom Hong Kong Ltd :* IN MARCH , AGGREGATE NUMBER OF MOBILE BILLING SUBSCRIBERS 309.293 MILLION* IN MARCH , NET ADDITION OF MOBILE BILLING SUBSCRIBERS FOR MONTH 2.957 MILLION* IN MARCH, AGGREGATE NUMBER OF 5G PACKAGE SUBSCRIBERS 91.852 MILLION* IN MARCH , NET ADDITION OF FIXED-LINE BROADBAND SUBSCRIBERS FOR MONTH 0.964 MILLION* MARCH AGGREGATE NUMBER OF FIXED-LINE BROADBAND SUBSCRIBERS 88.127 MILLION* IN MARCH, NET ADDITION OF 5G PACKAGE SUBSCRIBERS 7.309 MILLION* MARCH AGGREGATE NUMBER OF LOCAL ACCESS SUBSCRIBERS 47.267 MILLION* MARCH NET LOSS OF LOCAL ACCESS SUBSCRIBERS FOR MONTH 0.030 MILLIONSource ( ) Further company coverage:((Reuters.Briefs@thomsonreuters.com;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
