$PDD Holdings (PDD.US)$ What a terrible platform!!! Supporting merchants to list items that are not genuine, only resolving it with refunds when discovered. It's always the same trick! Wasting consumers' time, purchasing items only to find out they're not available, wasting time selecting and waiting for delivery, and the final outcome is just a refund! Consumers have to spend more time selecting and waiting for delivery!

$PDD Holdings (PDD.US)$ pdd holdings $PDD's financial report fell 27% from the opening, below expectations, causing a significant drop. The reasons for the decline are: first, revenue of 97 billion RMB, market expectation was 99.9 billion. Another reason is the future exemption of billions in transaction fees, preparing to sacrifice profit. It is still due to the market's overly high expectations, any slight disappointment could lead to panic selling. It also illustrates the current market's extreme focus on fundamentals and partially explains the very tense market sentiment.
Actually, the growth rate itself is still very fast. In the second quarter of last year, revenue was 52 billion, this year it's 97.9 billion, an 86% year-on-year increase. Additionally, with billions in transaction fees being waived in the future, the market is spooked by this billion figure. Currently, pdd holdings' quarterly profit has exceeded 30 billion, and at the end of the second quarter, pdd holdings had over 280 billion yuan in cash and cash equivalents on hand. The waiver of billions in transaction fees should be manageable.
Currently, the pe ratio ttm has dropped to around 10 times, last fiscal year's static pe ratio was over 17 times, the valuation digestion speed is still very fast, and it seems like the market has overreacted in the short term. Of course, in the medium to long term, what needs to be monitored is whether it indicates a decline in purchasing power behind this – after all, this represents the most basic and grassroots purchasing power domestically, which needs to be closely monitored over time. (Reposted)

$Okta (OKTA.US)$ any idea what happened? drop so much?

$Futu Holdings Ltd (FUTU.US)$ seriously drop until red

$Bank of America (BAC.US)$ i will buy when you reach $27.

At the beginning of 2022, the FED started the quantitative tightening policy. Since then, the stock market has gone all the way down without any hesitation. But a shocking plot twist happened in the first month of 2023. Almost everything went up crazily.
Some investors are benefiting from the upward trend. However, others with negative expectations might feel like taking a mighty punch right in their faces.
@Johnsh: Powell Pummeling Puts Visual $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$
...

Singapore Airlines $SIA (C6L.SG)$ shares has rallied 1.7% since it reported June 2022 operating results.
The airline group’s stock has been in an uptrend in the last one month, increasing roughly 3.5% since 20 June 2022.
On a year-to-date basis, SIA shares are up by 5.8%.
The SIA Group carried a total of 1.94 million passengers in June 2022, an increase of 13.7% from the previous month.