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$TRIP.COM-S (09961.HK)$ The Hang Seng Tech Index is now 3,42...

$TRIP.COM-S (09961.HK)$ The Hang Seng Tech Index is now 3,420 points, up 500 points from 2,920 points last Monday.

As can be seen from the above data, the bulls have returned, but the air force is still stubbornly resisting its will. This wave will definitely blow up the bears, just as the bears ravaged the bulls in the beginning.

There has never been a mature capital market. It's just a concept forged by the Bricks. US stocks were destroyed four times in early 2020, and Hong Kong stocks also jumped up and down these days, so I can't see how mature there is. There is only a cruel capital market. Bears were warned last week to be careful about the risk of being crushed, but it's useless. The capital market never bursts positions or closes, so it's easy for the stock market to go to extremes. Tencent's biggest problem is that it is too large, lacks the potential for rapid profit growth, and this year's profits are falling short. At the same time, the dividend payout ratio is not high. The benefits of repurchases alone cannot fall into the hands of shareholders. $MEITUAN-W (03690.HK)$ $TENCENT (00700.HK)$
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