22 Dec 2021: Baidu, Bilibili, Kuaishou Tech, Huya..,
The Chinese metaverse concept stocks, which I did in the following video:-
you can take a look if you are interested. By the way, Baidu jumped again on this metaverse concept during a conference yesterday as they launched the Baidu's Xirang version 6... He nevertheless mentioned that the "product" launch is still in prototype and requires at least 7 years for this to take off... So far, he expects the few senses like "sight, hear, feel" etc are the biggest impediments for the metaverse.
Anyway, it is what it is but stock price for Baidu, Huya, Bilibili still went up yesterday... So until the release of good earnings if any, all these chinese counters like Huya, Bilibili, Baidu, NetEase, etc will be dependent on market sentiment...
Question now is will Bilibili make lower low and touched around 43 USD, a 52 weeks low... Isnt it incredible when at its peak, it was 157 USD.. This is like almost a 75% discount to price peak but then this is assuming that price peak is a "right" price to value the stock...
After hitting support level of around 75 HKD (i did mentioned in my youtube video on around 13 Dec 2021), Kuaishou Tech managed a small comeback to around 78.6 HKD now... Again my concern for Kuaishou is on the cash burn side and I wouldnt use it for investment but will rather use it for trading if there is a chance. Long time readers should note that I am concerned about a fundraising that could impact on market sentiments on the pricing of Kuaishou..
$Baidu (BIDU.US)$ $HUYA Inc (HUYA.US)$ $DouYu (DOYU.US)$ $BILIBILI-W (09626.HK)$ $Bilibili (BILI.US)$ $KUAISHOU-W (01024.HK)$ $Meta Platforms (FB.US)$ $NVIDIA (NVDA.US)$ $TENCENT (00700.HK)$ $NetEase (NTES.US)$
$Baidu (BIDU.US)$ $HUYA Inc (HUYA.US)$ $DouYu (DOYU.US)$ $BILIBILI-W (09626.HK)$ $Bilibili (BILI.US)$ $KUAISHOU-W (01024.HK)$ $Meta Platforms (FB.US)$ $NVIDIA (NVDA.US)$ $TENCENT (00700.HK)$ $NetEase (NTES.US)$
For Huya, it is very much affected by pricing multiples for Bilibili and Kuaishou Tech so whenever they rise or fall, Huya does pretty much the same... Now with Bytedance's IPO likely to be in the late part of 2022, we could only wait for the excitement to return to this sector sometime later in 2022!
In the meantime, I will stay safe and not overdeploy risk capital into this sector though I have been slowly building my position in Huya.
As always, this should not be construed as any investment or trading advice.
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