Raymond Lee Ji Wen
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$FTSE Singapore Straits Time Index (.STI.SG)$ had a total return of 1.3% in April and 2.1% for the first four months of the year, placing it as the precise mid-point between the total returns of the FTSE Asia Pacific Index at 3.3% and FTSE ASEAN All-Share Index at 0.8%.
$Keppel (BN4.SG)$, $Jardine C&C (C07.SG)$ and $CapitaLandInvest (9CI.SG)$ led the STI in April, averaging 9.0% total returns, bringing their 4-month total returns to 34.3%,...
![Keppel Corp, Jardine C&C and CapitaLand Invest Led STI in April](https://ussnsimg.moomoo.com/77777888/editor_image/3141841d313e3f5795aba186a53fec54.jpg/thumb)
![Keppel Corp, Jardine C&C and CapitaLand Invest Led STI in April](https://ussnsimg.moomoo.com/77777888/editor_image/f880dd92deb1397c91169bc3db098b7a.png/thumb)
![Keppel Corp, Jardine C&C and CapitaLand Invest Led STI in April](https://ussnsimg.moomoo.com/77777888/editor_image/3e4d495e32c93f02a703830ca4c697af.png/thumb)
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Raymond Lee Ji Wen
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$SATS (S58.SG)$ I'm confused. DBS upgrades SATS from HOLD to BUY but lowers the price target??? Can anyone explain this because it seems like a contradiction.
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Raymond Lee Ji Wen
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$Futu Holdings Ltd (FUTU.US)$
Let's take a look at the 52-week low and high, with a low of 36 and a high of 204. Do you think there is a chance for Futu to return to a high price within a year? I believe there is definitely a chance, just afraid that you don't have the patience. Last week, Futu made it clear in the financial report that it will expand its business in Asia in 2022, although the specific time and countries were not specified, it can be certain that once this news is officially announced, the stock price will rebound. Don't forget about the $300 million stock repurchase plan, which must also be completed by the end of next year. Tomorrow will be better, I dare not say this, but I dare say, next year will be better!
And I must mention the Chinese regulations/personal information security law. There is no denying that the stock price has been falling since mid-October, which can completely be attributed to this news. Why do I use the term 'attributed'? Because the bears have made a fortune from this news, bags full of gold! The bears will not waste this opportunity, urging you to quickly cut your losses or turn old news into new news, or even spread false information. Those who say that Futu is finished, the majority of Futu's clients are from China, 80% are Chinese clients. If you believe them, I can only describe you in two words, blind and dumb.
Futu has a 23.7% market share in the Chinese market, not big but not small either. If the regulatory authority really takes action, the worst-case scenario is losing these 23.7% of clients. In an article by Ye Zi Ge regarding this matter, there is a sentence that says, 'The rest will be decided by time.' It is not difficult to see that Futu has already made preparations for the worst-case scenario. Of course, the best approach would be to resolve this issue, obtain a license, or do whatever needs to be done. But if it is not resolved, and the regulatory authority takes a tough stance, Futu has long been prepared. Hold onto your stocks, a company that is making money, just getting started, with ample funds, deserves a higher stock price.
Let's take a look at the 52-week low and high, with a low of 36 and a high of 204. Do you think there is a chance for Futu to return to a high price within a year? I believe there is definitely a chance, just afraid that you don't have the patience. Last week, Futu made it clear in the financial report that it will expand its business in Asia in 2022, although the specific time and countries were not specified, it can be certain that once this news is officially announced, the stock price will rebound. Don't forget about the $300 million stock repurchase plan, which must also be completed by the end of next year. Tomorrow will be better, I dare not say this, but I dare say, next year will be better!
And I must mention the Chinese regulations/personal information security law. There is no denying that the stock price has been falling since mid-October, which can completely be attributed to this news. Why do I use the term 'attributed'? Because the bears have made a fortune from this news, bags full of gold! The bears will not waste this opportunity, urging you to quickly cut your losses or turn old news into new news, or even spread false information. Those who say that Futu is finished, the majority of Futu's clients are from China, 80% are Chinese clients. If you believe them, I can only describe you in two words, blind and dumb.
Futu has a 23.7% market share in the Chinese market, not big but not small either. If the regulatory authority really takes action, the worst-case scenario is losing these 23.7% of clients. In an article by Ye Zi Ge regarding this matter, there is a sentence that says, 'The rest will be decided by time.' It is not difficult to see that Futu has already made preparations for the worst-case scenario. Of course, the best approach would be to resolve this issue, obtain a license, or do whatever needs to be done. But if it is not resolved, and the regulatory authority takes a tough stance, Futu has long been prepared. Hold onto your stocks, a company that is making money, just getting started, with ample funds, deserves a higher stock price.
Translated
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Raymond Lee Ji Wen
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![Picture](https://ussnsimg.moomoo.com/1638065703226-102606727-android-compress.jpg/thumb)
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Raymond Lee Ji Wen
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Youtube channel: Hopehope赋予希望
https://www.youtube.com/channel/UCAPWOEQKCpCWmzKkdo7v-iw
So it seems that the Biden and Xi's talk earlier this month was pretty symbolic in nature but yet fail to achieve any substantial good faith from the US side. From how I see it, China has been sending signals that they want to do something by having its CSRC to be in talks to prevent Chinese companies listed in US from being delisted (getting their companies to potentially share their working papers with the official auditing firms recognised in US).
US on the other hand has been touching on sensitive areas that we know China is not going to give in. From technological to defense aspect, China is not going to give in and with US insisting to test water on these areas, there may be a chance of greater rift between these 2 major powers. Now with Biden nearing the end of his 1st year of presidency, there are still another 3 years which Biden can "test water" with his policy action.
With US 2022 mid term elections coming in 2022, both senate and congress with Democrats and Republicans taking the opportunities to touch on sensitive areas to get voters' attention, the signals from US may only get worse before getting better like what we saw from the days leading up to 2020 US presidential election between Donald Trump and Joe Biden.
So, stay agile for trading positions for volatility and for me, I will not chase stocks (which I use for trading) at resistance level. Support level has to be watched carefully to see if there is a potential for downside. All in all, I expect greater volatility going into December 2021 and year 2022.
This is my youtube video on the PBOC's report for 3Q2021:
https://youtu.be/cGJ3mxAd39I
I cover macro markets, macro conditions, individual stocks, commodities, etc on my youtube channel.
As always, this should not be construed as any investment or trading advice.
$Lemonade (LMND.US)$ $NIO Inc (NIO.US)$ $XIAOMI-W (01810.HK)$ $Tesla (TSLA.US)$ $XPeng (XPEV.US)$ $Huawei Hongmong (BK0795)$ $DiDi Global (Delisted) (DIDI.US)$ $NetEase (NTES.US)$ $UP Fintech (TIGR.US)$ $Futu Holdings Ltd (FUTU.US)$ $TENCENT (00700.HK)$ $JD LOGISTICS (02618.HK)$ $JD-SW (09618.HK)$ $MEITUAN-W (03690.HK)$ $PDD Holdings (PDD.US)$ $BILIBILI-W (09626.HK)$
https://www.youtube.com/channel/UCAPWOEQKCpCWmzKkdo7v-iw
So it seems that the Biden and Xi's talk earlier this month was pretty symbolic in nature but yet fail to achieve any substantial good faith from the US side. From how I see it, China has been sending signals that they want to do something by having its CSRC to be in talks to prevent Chinese companies listed in US from being delisted (getting their companies to potentially share their working papers with the official auditing firms recognised in US).
US on the other hand has been touching on sensitive areas that we know China is not going to give in. From technological to defense aspect, China is not going to give in and with US insisting to test water on these areas, there may be a chance of greater rift between these 2 major powers. Now with Biden nearing the end of his 1st year of presidency, there are still another 3 years which Biden can "test water" with his policy action.
With US 2022 mid term elections coming in 2022, both senate and congress with Democrats and Republicans taking the opportunities to touch on sensitive areas to get voters' attention, the signals from US may only get worse before getting better like what we saw from the days leading up to 2020 US presidential election between Donald Trump and Joe Biden.
So, stay agile for trading positions for volatility and for me, I will not chase stocks (which I use for trading) at resistance level. Support level has to be watched carefully to see if there is a potential for downside. All in all, I expect greater volatility going into December 2021 and year 2022.
This is my youtube video on the PBOC's report for 3Q2021:
https://youtu.be/cGJ3mxAd39I
I cover macro markets, macro conditions, individual stocks, commodities, etc on my youtube channel.
As always, this should not be construed as any investment or trading advice.
$Lemonade (LMND.US)$ $NIO Inc (NIO.US)$ $XIAOMI-W (01810.HK)$ $Tesla (TSLA.US)$ $XPeng (XPEV.US)$ $Huawei Hongmong (BK0795)$ $DiDi Global (Delisted) (DIDI.US)$ $NetEase (NTES.US)$ $UP Fintech (TIGR.US)$ $Futu Holdings Ltd (FUTU.US)$ $TENCENT (00700.HK)$ $JD LOGISTICS (02618.HK)$ $JD-SW (09618.HK)$ $MEITUAN-W (03690.HK)$ $PDD Holdings (PDD.US)$ $BILIBILI-W (09626.HK)$
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Anyone can advise me the market direction?
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Raymond Lee Ji Wen
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