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When discussing Chinese equities, the overall sentiment has shifted dramatically towards optimism. The nation’s recently announced stimulus package has propelled Chinese stocks traded in Hong Kong to their best weekly surge in nearly 13 years, setting them on a path to be among the world’s top performers in 2024. Furthermore, market participants jumping on the rally have driven the cost of volatility hedges for the next month to ...
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Happymoooooo
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For those unfamiliar, MicroStrategy ($MSTR) holds the most bitcoin of any public company:
→ 252,220 BTC total
→ 1.2% of all BTC ever issued
Due to its substantial holdings, MSTR stock has become a proxy for Bitcoin price movements.
And since adopting this "Bitcoin strategy" in August 2020, MSTR has outperformed 100% of the members of the S&P 500.
This might just break the volatility barrier.
$MicroStrategy (MSTR.US)$ $Coinbase (COIN.US)$ $Bitcoin (BTC.CC)$ $Ethereum (ETH.CC)$ $iShares Bitcoin Trust (IBIT.US)$ $Valkyrie Bitcoin Fund (BRRR.US)$ $VanEck Bitcoin Trust (HODL.US)$ $ARK 21Shares Bitcoin ETF (ARKB.US)$ $Grayscale Bitcoin Trust (GBTC.US)$ $Riot Platforms (RIOT.US)$ $Iris Energy (IREN.US)$ $CleanSpark (CLSK.US)$ $MARA Holdings (MARA.US)$ $Metaplanet (3350.JP)$
→ 252,220 BTC total
→ 1.2% of all BTC ever issued
Due to its substantial holdings, MSTR stock has become a proxy for Bitcoin price movements.
And since adopting this "Bitcoin strategy" in August 2020, MSTR has outperformed 100% of the members of the S&P 500.
This might just break the volatility barrier.
$MicroStrategy (MSTR.US)$ $Coinbase (COIN.US)$ $Bitcoin (BTC.CC)$ $Ethereum (ETH.CC)$ $iShares Bitcoin Trust (IBIT.US)$ $Valkyrie Bitcoin Fund (BRRR.US)$ $VanEck Bitcoin Trust (HODL.US)$ $ARK 21Shares Bitcoin ETF (ARKB.US)$ $Grayscale Bitcoin Trust (GBTC.US)$ $Riot Platforms (RIOT.US)$ $Iris Energy (IREN.US)$ $CleanSpark (CLSK.US)$ $MARA Holdings (MARA.US)$ $Metaplanet (3350.JP)$
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Happymoooooo
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The future prospects for glove demand may be better than expected, according to Kenag Investment Bank. $TOPGLOV (7113.MY)$
The outlook for future performance is more optimistic, with a significant upward revision of 39% and 42% in net profit forecast for the 2025 and 2026 fiscal years (ending at the end of August).
After recent meetings with senior executives of top glove, analysts at Kenag Investment Bank are optimistic about the company's performance outlook.
"There are indications that top glove will experience a stronger-than-expected demand rebound after entering the 2025 fiscal year."
He added that the sales of top glove continued to rise monthly in September this year, and the company also expects customer inventory replenishment activities to strengthen over the next several quarters.
"Currently, the monthly sales of top glove are increasing by 25% to 30%, raising the overall capacity utilization to 65% to 70%. We originally predicted that the company's capacity utilization in the 2025 fiscal year would only be 55%."
In addition, the analyst pointed out that top glove's exports to the usa continue to improve, now accounting for 28% to 30% of its global sales.
"Top glove believes this is due to inventory replenishment activities by US customers, along with more chinese glove makers being blacklisted by the Food and Drug Administration (FDA), and capacity utilization of chinese counterparts also reaching 90%, almost at full production capacity."
Analysts believe that top glove is optimistic about the price trend of average glove prices, predicting that the average price will gradually increase in the future, with a possible increase of 5% to 15%...
The outlook for future performance is more optimistic, with a significant upward revision of 39% and 42% in net profit forecast for the 2025 and 2026 fiscal years (ending at the end of August).
After recent meetings with senior executives of top glove, analysts at Kenag Investment Bank are optimistic about the company's performance outlook.
"There are indications that top glove will experience a stronger-than-expected demand rebound after entering the 2025 fiscal year."
He added that the sales of top glove continued to rise monthly in September this year, and the company also expects customer inventory replenishment activities to strengthen over the next several quarters.
"Currently, the monthly sales of top glove are increasing by 25% to 30%, raising the overall capacity utilization to 65% to 70%. We originally predicted that the company's capacity utilization in the 2025 fiscal year would only be 55%."
In addition, the analyst pointed out that top glove's exports to the usa continue to improve, now accounting for 28% to 30% of its global sales.
"Top glove believes this is due to inventory replenishment activities by US customers, along with more chinese glove makers being blacklisted by the Food and Drug Administration (FDA), and capacity utilization of chinese counterparts also reaching 90%, almost at full production capacity."
Analysts believe that top glove is optimistic about the price trend of average glove prices, predicting that the average price will gradually increase in the future, with a possible increase of 5% to 15%...
Translated
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Happymoooooo
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Seasonally SEP has be quite a bearish month for the markets but this year seems to be the opposite. Last 3 trading days left for SEP and let's see how it will end.
Have been busy working on my invetsments and trading strategies and haven't been posting much. Here's a quick post for SEP 2024.
After Jul and Aug huge draw down. I took the time to review and rebalance my investing and trading portfolio and learn from my mistakes. So what had really worked fo...
Have been busy working on my invetsments and trading strategies and haven't been posting much. Here's a quick post for SEP 2024.
After Jul and Aug huge draw down. I took the time to review and rebalance my investing and trading portfolio and learn from my mistakes. So what had really worked fo...
30
3
Happymoooooo
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Market Rebounds from Yesterday’s Weakness
The market rebounded today following yesterday’s weakness, with the Market Momentum Tracker climbing back close to positive territory.
The short-term trend has returned to a healthy level, with over 50% of stocks now holding above their short-term moving averages. However, both the medium- and long-term trends remain in a downward trajectory.
Additionally, the breakdown count still exceeds breakouts, indicatin...
The market rebounded today following yesterday’s weakness, with the Market Momentum Tracker climbing back close to positive territory.
The short-term trend has returned to a healthy level, with over 50% of stocks now holding above their short-term moving averages. However, both the medium- and long-term trends remain in a downward trajectory.
Additionally, the breakdown count still exceeds breakouts, indicatin...
16
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CHINESE STOCK MARKETS - Resurgence ahead ?
1) Chinese stock market valuations are at decadal lows at just 7x Forward earnings (Image source - Bloomberg)
2) At the same time, short positions are at all time highs in Chinese equities (Image source - Macro Charts)
3) Investors are throwing in the towel and ETFs are excluding China, just when at its actually the best time to start investing gradually in Chinese/Hong Kong equities
As highlighted by Global Markets Investor => ...
1) Chinese stock market valuations are at decadal lows at just 7x Forward earnings (Image source - Bloomberg)
2) At the same time, short positions are at all time highs in Chinese equities (Image source - Macro Charts)
3) Investors are throwing in the towel and ETFs are excluding China, just when at its actually the best time to start investing gradually in Chinese/Hong Kong equities
As highlighted by Global Markets Investor => ...
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Happymoooooo
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I am making good progress on my long-term investment slowly this rollercoaster of a week.
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