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In November, Wall Street's primary indices rebounded after three months of weakness. The easing of US inflation suggested that stubbornly high prices were loosening their grip on the economy. The softer-than-expected consumer price index also boosted confidence in the market that the Federal Reserve would end its rate-hiking cycle soon. These developments point to the possibility of a soft landing for the US economy with...
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Stock futures dip following two straight days of gain on wall street
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Gainers:
• $Antares Pharma(ATRS.US$ +48.7% (to be acquired by Halozyme (HALO) for $5.60 per share)
• $Sierra Oncology(SRRA.US$ +37.9% (acquired by GSK for $55 per share)
• $Amryt Pharma(AMYT.US$ +11.7% (announces positive long-term safety and efficacy data for Mycapssa (oral octreotide) from the 2nd Year of OPTIMAL open label extension study in acromegaly patients)
• $BriaCell Therapeutics(BCTX.US$ +6% (presents development details of...
• $Antares Pharma(ATRS.US$ +48.7% (to be acquired by Halozyme (HALO) for $5.60 per share)
• $Sierra Oncology(SRRA.US$ +37.9% (acquired by GSK for $55 per share)
• $Amryt Pharma(AMYT.US$ +11.7% (announces positive long-term safety and efficacy data for Mycapssa (oral octreotide) from the 2nd Year of OPTIMAL open label extension study in acromegaly patients)
• $BriaCell Therapeutics(BCTX.US$ +6% (presents development details of...
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$Grab Holdings(GRAB.US$
I was as excited as most Singaporeans on this app when our home-grown brand got listed. But when I deep-dive into the company, I will likely not invest in it, at least for the short term.
Grab’s market in the South East Asia definitely has growth potential i.e. people are getting affluent, there’s an increase in digital growth etc. However, do note that Grab faces intense competition and challenges in all its businesses/services (ride-hailing, food delivery and financial services). At the moment, I don’t see very strong Moat displayed by them yet - similar to $Uber Technologies(UBER.US$
1. Ride hailing - doesn’t seem like they are going to expand to countries outside South East Asia region. And this spells limited growth, at least for the short term. Furthermore, this area of business is badly impacted by the pandemic. Taxi drivers are suffering (it’s a real problem on the ground)
2. Food delivery - sales in this area did “rocket” as everyone started working from home since 2020. But Singapore, and a few other SEA countries, are too small. There is a limit to how much they can earn in this segment. Throw in Foodpanda, Deliveroo etc, their market shares will be further capped. Personally, I don’t think there is brand loyalty when it comes to food deliveries. I used Grab most of the time, but I also used the other two when there are discounts/ vouchers etc.
3. Financial services - there are so many financial institutions around. It’s going to be tough competing against the banks, and even giants like Apple $Apple(AAPL.US$ and Google $Alphabet-A(GOOGL.US$ for their payments services. Once again, throw in Favpay, Singtel’s Dash $Singtel(Z74.SG$ Alipay $Alibaba(BABA.US$ etc etc. How much pie / market shares can they capture?
Overall, the company’s financial situation isn’t fantastic. Their revenue did grow YOY, but they are not profitable yet. Things may change in 3 to 5 years’ time (expansion by the company, covid has gone etc). But for the short term, I don’t think I would invest my money in them. The dollars can be better invested into other stocks with higher growth. Would suggest to enter only when the coast is clear. Meantime, I will just remain as their consumer using their services.
Not financial advice. DYDD and invest safely.
$Grab Holdings(GRAB.US$
I was as excited as most Singaporeans on this app when our home-grown brand got listed. But when I deep-dive into the company, I will likely not invest in it, at least for the short term.
Grab’s market in the South East Asia definitely has growth potential i.e. people are getting affluent, there’s an increase in digital growth etc. However, do note that Grab faces intense competition and challenges in all its businesses/services (ride-hailing, food delivery and financial services). At the moment, I don’t see very strong Moat displayed by them yet - similar to $Uber Technologies(UBER.US$
1. Ride hailing - doesn’t seem like they are going to expand to countries outside South East Asia region. And this spells limited growth, at least for the short term. Furthermore, this area of business is badly impacted by the pandemic. Taxi drivers are suffering (it’s a real problem on the ground)
2. Food delivery - sales in this area did “rocket” as everyone started working from home since 2020. But Singapore, and a few other SEA countries, are too small. There is a limit to how much they can earn in this segment. Throw in Foodpanda, Deliveroo etc, their market shares will be further capped. Personally, I don’t think there is brand loyalty when it comes to food deliveries. I used Grab most of the time, but I also used the other two when there are discounts/ vouchers etc.
3. Financial services - there are so many financial institutions around. It’s going to be tough competing against the banks, and even giants like Apple $Apple(AAPL.US$ and Google $Alphabet-A(GOOGL.US$ for their payments services. Once again, throw in Favpay, Singtel’s Dash $Singtel(Z74.SG$ Alipay $Alibaba(BABA.US$ etc etc. How much pie / market shares can they capture?
Overall, the company’s financial situation isn’t fantastic. Their revenue did grow YOY, but they are not profitable yet. Things may change in 3 to 5 years’ time (expansion by the company, covid has gone etc). But for the short term, I don’t think I would invest my money in them. The dollars can be better invested into other stocks with higher growth. Would suggest to enter only when the coast is clear. Meantime, I will just remain as their consumer using their services.
Not financial advice. DYDD and invest safely.
$Grab Holdings(GRAB.US$
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Possible to delist, I think no
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$DiDi Global (Delisted)(DIDI.US$ maybe moving to HK is not such a bad thing after all.
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$TENCENT(00700.HK$ $Alibaba(BABA.US$
Yesterday, I listened to the conference call of the two companies again and recorded my feelings. Tencent is a very sincere company, introverted, pragmatic. Know their resources are limited, steadfast want to make some good products for users. Ali didn't feel that way. He felt that they wanted to be big, to try everything, to set great goals, to take on the world with a long shot. The more business a company does, the less competitive it will be.
Yesterday, I listened to the conference call of the two companies again and recorded my feelings. Tencent is a very sincere company, introverted, pragmatic. Know their resources are limited, steadfast want to make some good products for users. Ali didn't feel that way. He felt that they wanted to be big, to try everything, to set great goals, to take on the world with a long shot. The more business a company does, the less competitive it will be.
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$Alibaba(BABA.US$ Alibaba, the ecommerce giant warned on its revenue outlook and said profit collapsed in the second quarter. Alibaba dived 10.71 per cent.
This will happen to $DiDi Global (Delisted)(DIDI.US$ $Futu Holdings Ltd(FUTU.US$ and $UP Fintech(TIGR.US$ If their revenues and profits cannot meet expectations...
Next week or ! ? !
This will happen to $DiDi Global (Delisted)(DIDI.US$ $Futu Holdings Ltd(FUTU.US$ and $UP Fintech(TIGR.US$ If their revenues and profits cannot meet expectations...
Next week or ! ? !
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