$Futu Holdings Ltd (FUTU.US)$ $UP Fintech (TIGR.US)$
2 issues:
1) As online brokerages, businesses of Futu and Tiger should be pretty resistant to a supposedly worsening pandemic. But people may be moving their funds from these stocks to elsewhere for better covid-related opportunities since reports of the South African variant is so hot now. This is 0.5.
2) China asking Didi to delist from US and recommend HK listing:
https://www.reuters.com/world/china/china-asks-didi-delist-us-security-fears-bloomberg-news-2021-11-26/
So would any other China Tech listed in US be asked of the same too? Since Tiger and Futu had also been mentioned multiple times by China news and authorities on "information securities" and "licensing" issues. It is inevitable these questions will linger in stockholders' minds.
The main problem: insecurities of not knowing what will China Government's next whim be as they always get what they want, domestically at least.
2 issues:
1) As online brokerages, businesses of Futu and Tiger should be pretty resistant to a supposedly worsening pandemic. But people may be moving their funds from these stocks to elsewhere for better covid-related opportunities since reports of the South African variant is so hot now. This is 0.5.
2) China asking Didi to delist from US and recommend HK listing:
https://www.reuters.com/world/china/china-asks-didi-delist-us-security-fears-bloomberg-news-2021-11-26/
So would any other China Tech listed in US be asked of the same too? Since Tiger and Futu had also been mentioned multiple times by China news and authorities on "information securities" and "licensing" issues. It is inevitable these questions will linger in stockholders' minds.
The main problem: insecurities of not knowing what will China Government's next whim be as they always get what they want, domestically at least.
5
$ComfortDelGro (C52.SG)$ Actually, if SG don't break away from its current downward Covid trend, then Comfort is still comfortable.
There is 1 more catch:
It remains to be seen how transmissible, lethal and vaccines-resistant is the newly emerged South Africa variant and which unfortunate major economy will be its first "testing bed". The data and related resultant actions from the "test bed" will then send a clear signal to the world and concretely affect stocks movements.
Let's hope the newly emerged variant is not the combo king of highly transmissible + lethal + vaccines-resistant to current vaccs.
There is 1 more catch:
It remains to be seen how transmissible, lethal and vaccines-resistant is the newly emerged South Africa variant and which unfortunate major economy will be its first "testing bed". The data and related resultant actions from the "test bed" will then send a clear signal to the world and concretely affect stocks movements.
Let's hope the newly emerged variant is not the combo king of highly transmissible + lethal + vaccines-resistant to current vaccs.
13
$ComfortDelGro (C52.SG)$ Alot of room to rise for Medium to Long Term with the current price coupled with its fundamentals and SG policy of opening up. Gogogo
9
$DiDi Global (Delisted) (DIDI.US)$ Ok people, regarding the Reuters news, Didi denied it as hearsay. Which party do you believe? Do Your Own Due Diligence.
https://www.channelnewsasia.com/business/exclusive-didi-prepares-relaunch-apps-china-anticipates-probe-will-end-soon-sources-2306156
https://www.channelnewsasia.com/business/exclusive-didi-prepares-relaunch-apps-china-anticipates-probe-will-end-soon-sources-2306156
2
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$Futu Holdings Ltd (FUTU.US)$ Why you all bought this counter in the first place? Maybe to invest long term, maybe to make some quick bucks, but why the confidence in this stock out of so many others in the first place?
If you think this is a bad company failing, please exit asap. If you are confident this is a good company and the prices you bought in were considered within the fairly valued range, then why panic from day to day?
The company will still carry on its business as usual regardless of how much "panic" or selling pressure there may be on its shares.
In the end, we have to ask ourselves what is the basis of the panic?
If you think this is a bad company failing, please exit asap. If you are confident this is a good company and the prices you bought in were considered within the fairly valued range, then why panic from day to day?
The company will still carry on its business as usual regardless of how much "panic" or selling pressure there may be on its shares.
In the end, we have to ask ourselves what is the basis of the panic?
10
22
$Futu Holdings Ltd (FUTU.US)$ It would appear the latest CPI report is relatively calming to the market. https://www.google.com/amp/s/www.cnbc.com/amp/2021/09/14/consumer-price-index-august-2021.html
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