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Largest offering in stock history: Saudi Aramco to seek dual listing in SG
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A small talk on Saudi Aramco secondary listing

Hello Mooers, welcome back!

In today small talk, we will discuss Saudi Aramco secondary listing, as well as Q1 underachievers.

Without further ado, let us begin!

One would never expect that the economic recovery can be so near to us, with crude oil trading at the range of USD 85 to USD 95, which is around USD 50++ away from its ATH (all time high) of USD 147.27 in July 2008 (about 14 years ago). This is also far far away from the price range of USD -38 to USD 18 in April 2020 (about 2 years ago).

As we know that US inflation reached 7% in December 2021 (1 month ago), and the yet-to-be de-escalate Ukraine tensions, follow by the US-Iranian talks in Vienna, plus the never ending supply chain disruption, we might be able to see crude oil price trading much higher in the USD 98 to USD 118 range in H1 2022.

This definitely provide a very marvelous opportunity for Saudi Aramco to have a secondary listing, be it in London,  Singapore or any other popular stock exchanges, and, the 50 billion raise in this exercise, will help Saudi Aramco to re-invest in other areas, before world oil run out in around 2050 to 2060.

As for the Q1 underachievers that I mention in my following post 3 days ago, we will be going thru them here to check out their performance.

A small talk on Q1 2022 underachiever?
https://www.moomoo.com/community/feed/107757156696070

First, in our list, we look at some highlighted stocks such as the EV stock $NIO Inc (NIO.US)$ and the 50% price gain $Snap Inc (SNAP.US)$.

From the stock snapshots below, we can see that $NIO Inc (NIO.US)$ and $Snap Inc (SNAP.US)$ continue to move upwards, without any serious resistance.
Next, we look at the heavily hitted Metaverse stocks.

Metaverse stocks
As shown in the stocks snapshots, we can see that Metaverse stocks may have seen to stop falling, with $Roblox (RBLX.US)$ rising more than 9%, $Unity Software (U.US)$ by more than 7% and $NVIDIA (NVDA.US)$ by more than 6%.
Next, we look at a few major US airlines and one from Singapore.

Airlines stocks
As shown in the stocks snapshots, we can see $United Airlines (UAL.US)$ leading the rest, as its stock price gain by more than 4%.
Next, we look at our high flyers meme stocks that has a risk level higher than the rest.

Meme stocks
Amazingly, we see meme stocks flying again with $AMC Entertainment (AMC.US)$ rising by more than 15%, $SNDL Inc (SNDL.US)$  by more than 13%, follow by $ContextLogic (WISH.US)$ by more than 8%. This group have the highest gain when compare to the other three mention in here.

However, $Digital World Acquisition Corp (DWAC.US)$ was down by less than 1.5% due to the delay of its social platform, Truth Social, which was founded with a mission, that is to give a voice to all.
Next, we look at the performance of casino stocks.

Casino stocks
As shown in the stocks snapshots, we see 3 casino stocks have very similar gains: $Golden Entertainment (GDEN.US)$, $Boyd Gaming (BYD.US)$ and $Full House Resorts (FLL.US)$, all rose by more than 6%.
What a wonderful performance by the 4 groups of stocks!

Before we end this small talk, please vote the basis point rate hike that you think the Fed will likely to hike in March 2022. Example: If you think the Fed will raise interest rate by 50-basis point or 75-basis point in their meeting on mid-March 2022, choose 50 and 75.
That’s all for today small talk, and thank you for your support and likes.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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