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Hong Kong equities plummeted at the start of the session, dragged down by a sharp plunge in the share price of $BABA-W (09988.HK)$ . At open, $Hang Seng Index (800000.HK)$ tumbled 248 pts or 1.4% to 17,584; $Hang Seng China Enterprises Index (800100.HK)$ eroded 87 pts or 1.4% to 6,029; $Hang Seng TECH Index (800700.HK)$ slumped 66 pts or 1.6% to 3,983.
$BABA-W (09988.HK)$ announced that it would no longer pursue a complete spin-off of its Cloud Intell...
$BABA-W (09988.HK)$ announced that it would no longer pursue a complete spin-off of its Cloud Intell...
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Great insights from HedgeFundTips on $Alibaba (BABA.US)$ 's results
$ALIBABA GROUP HOLDING LTD (BABAF.US)$ $BABA-W (09988.HK)$ $Hang Seng TECH Index (800700.HK)$ $China Concept Stocks (LIST2517.US)$
$ALIBABA GROUP HOLDING LTD (BABAF.US)$ $BABA-W (09988.HK)$ $Hang Seng TECH Index (800700.HK)$ $China Concept Stocks (LIST2517.US)$
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$Sea (SE.US)$
• Revenue +5% Y/Y to $3.3B ($90M beat).
• EPS -$0.26 ($0.29 miss).
Shopee marketplace +18% Y/Y to $1.9B
Garena Bookings +1% Q/Q to $0.4B.
SeaMoney revenue +37% Y/Y to $0.4B.
Sea Limited plans to focus on investing in the business to boost their market share and their position as marketleader. For the long term that's a good sign.
• Revenue +5% Y/Y to $3.3B ($90M beat).
• EPS -$0.26 ($0.29 miss).
Shopee marketplace +18% Y/Y to $1.9B
Garena Bookings +1% Q/Q to $0.4B.
SeaMoney revenue +37% Y/Y to $0.4B.
Sea Limited plans to focus on investing in the business to boost their market share and their position as marketleader. For the long term that's a good sign.
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The profitability of Shopee is threatened due to the entry of new competitors and Sea's aggressive spending, while the decline in Garena jeopardizes Sea Ltd.'s overall growth. Future success may hinge on live-streaming investments and competition with firms like TikTok and Alibaba.
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For all the $Sea (SE.US)$ bulls -- silver-lining in this quarter is that revenue beat & entertainment bookings seems to have bottomed
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$Sea (SE.US)$
Thank you for ez USD400 gain in one month. Loading up the boat at USD30 (which is very unlikely).
Thank you for ez USD400 gain in one month. Loading up the boat at USD30 (which is very unlikely).
loading...
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The latest Consumer Price Index (CPI) report showed that prices aren't rising as much as people thought they would. This news really excited the stock market, especially for certain types of stocks. These include stocks that do well when interest rates are low (like many tech and innovative companies) and stocks that a lot of investors were betting against.
The market had a very strong day with lots of people buying and selling. The $NASDAQ (NASDAQ.US)$ showed a b...
The market had a very strong day with lots of people buying and selling. The $NASDAQ (NASDAQ.US)$ showed a b...
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$Tesla (TSLA.US)$ Weather doesnot look good to me today! 🥲
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Interest rate is the cost of using funds
It usually takes at least a year for an increase or decrease in interest rates to have a real effect on the entire real economy, but the capital market tends to react much faster to interest rate changes (or, more precisely, news of interest rate changes).
Federal funds rate and its impact
Why is the federal funds rate, the rate at which banks lend money, so important? Because the base interest rate (preferential ...
It usually takes at least a year for an increase or decrease in interest rates to have a real effect on the entire real economy, but the capital market tends to react much faster to interest rate changes (or, more precisely, news of interest rate changes).
Federal funds rate and its impact
Why is the federal funds rate, the rate at which banks lend money, so important? Because the base interest rate (preferential ...
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