$Seatrium (S51.SG)$ General public holds 50% of Seatrium... Usually, this is weak hands and its more volatile... The big boys should load up Seatrium once it turns profitable and targeting longer term investment... COP28 countries just promised 3x targets for renewable energy production this week. Offshore wind energy should slowly start to take gain traction.
![Waiting for it to turn profit 24Q1](https://sgsnsimg.moomoo.com/feed_image/103108482/e8be6961ee6231b6a67b5cdedac1253f.jpg/thumb)
12
$DBS Group Holdings (D05.SG)$ Fuck this bank... Keep crashing, Can't use PayNow over the weekend... gona open UOB account
4
2
$Seatrium (S51.SG)$ War in Middle East should drive oil prices up...
1
$ASML Holding (ASML.US)$ anyone knows what happened?
2
Basically, over the past 3 years, too much money has been printed, large banks want to flush out excessive money printed... this is an attack of the smaller banks by the large banks... BUT US government has assured depositors that their money will be protected... so the bank run will not occur... and as long as the bank run doesn't happen, the bank won't collapse... similar to the FUTU situation, the government is going to impose. a new law, and the bank will survive...
1
2
$Netflix (NFLX.US)$ what dafaq happened to netflix?
3
$Twitter (Delisted) (TWTR.US)$ holy shit, someone just sold 490k shares of TWTR at once.
3
4
$Futu Holdings Ltd (FUTU.US)$
Well the bulls say that this is fake news. However, I am bear on this, I believe that it's more likely true than not... Otherwise, if investors are so confident in the share, why the PUT options volume keep increasing?
Take past examples of Chinese "fake" news that turned out to be right.
1) DIDI: At least 1 day after IPO, report that DIDI is targeted by CCP and will delist from U.S... Now it happened.
2) WEIBO: Rumor in July by Reuters that weibo will be bought out at $80 per share. The buy-out happening now. But not at $80 per share.
Now, China is facing monetary issues and there is not enough demand for RMB in China, Chinese banks are cracking down of ownership of foreign currencies. Off-shore trading will mean that Chinese citizens will have to trade RMB to USD to buy overseas shares. Leading to lower strength of RMB.
I believe the ban will be real.. But as to what type of ban... It could be ban of mainland citizens to trade foreign stocks... But not banning them to trade in China stock market.
Hence, mainland citizens can still trade. Just not in foreign markets. I believe the revenue of FUTU will be impacted as trading volume on FUTU is lowered.
Well the bulls say that this is fake news. However, I am bear on this, I believe that it's more likely true than not... Otherwise, if investors are so confident in the share, why the PUT options volume keep increasing?
Take past examples of Chinese "fake" news that turned out to be right.
1) DIDI: At least 1 day after IPO, report that DIDI is targeted by CCP and will delist from U.S... Now it happened.
2) WEIBO: Rumor in July by Reuters that weibo will be bought out at $80 per share. The buy-out happening now. But not at $80 per share.
Now, China is facing monetary issues and there is not enough demand for RMB in China, Chinese banks are cracking down of ownership of foreign currencies. Off-shore trading will mean that Chinese citizens will have to trade RMB to USD to buy overseas shares. Leading to lower strength of RMB.
I believe the ban will be real.. But as to what type of ban... It could be ban of mainland citizens to trade foreign stocks... But not banning them to trade in China stock market.
Hence, mainland citizens can still trade. Just not in foreign markets. I believe the revenue of FUTU will be impacted as trading volume on FUTU is lowered.
16
10