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Bairong Cloud-W (06608.HK) spent HKD 3.99 million on November 27 to repurchase 0.43 million shares.
Glory on November 27th. Bai Rongyun-W (06608.HK) announced that it would spend 3.99 million Hong Kong dollars on November 27th to repurchase 0.43 million shares.
Bairong Cloud-W (06608) spent approximately 3.9914 million Hong Kong dollars to repurchase 0.43 million shares on November 26th.
Bairong Cloud-W (06608) announced on November 26, 2024, the repurchase of approximately 3.9914 million Hong Kong dollars...
Bairong Cloud-W (06608) spent 7.9396 million Hong Kong dollars to repurchase 0.8875 million shares on November 22.
Bairong Cloud-W (06608) announced that it will invest 7.9396 million Hong Kong dollars to repurchase...
On November 20, BaiRong Cloud-W (06608.HK) spent 1.9876 million HKD to repurchase 0.218 million shares.
Gelonghui, November 20 - Bai Rong Cloud-W (06608.HK) announced that on November 20, 2024, it spent 1.9876 million Hong Kong dollars to repurchase 0.218 million shares, with a repurchase price of 8.91-9.22 Hong Kong dollars per share.
Bairong Cloud-W (06608.HK) spent 1.97 million Hong Kong dollars on repurchasing 0.215 million shares on November 19th.
Grateful News November 19th | Baorong Cloud-W (06608.HK) announced that it spent 1.97 million Hong Kong dollars on November 19th to repurchase 0.215 million shares.
[Brokerage Focus] Tianfeng maintains a buy rating on Bairong Cloud (06608), pointing out that the MaaS business and BaaS insurance industry cloud business are under temporary pressure.
Jingu Financial News | Tianfeng Securities released a research report, in the first half of 2024, Bai Rongyun (06608) recorded revenue of 1.321 billion yuan, up by 6% year-on-year; gross profit was 0.967 billion yuan, up by 8% year-on-year. The growth in revenue and gross profit is mainly attributable to the successful application and commercialization of artificial intelligence (AI) technology. In the first half of 2024, the company's net income was 0.143 billion yuan, down by 31% year-on-year. The main reason is a significant increase in sales and marketing expenses in the first half of the year, rising from 0.461 billion yuan in the same period last year to 0.507 billion yuan, used to enhance the brand and business promotion to improve the company's brand awareness and continued acquisition.
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104027617 : Bairong is an AI company in a sense that they are developing their own vertical LLM for the use of financial institutions.
Jeff Boyd OP 104027617 : Thank you.
It kind of highlights some of the difficulty in evaluating companies. I do own $BAIRONG-W (06608.HK)$ but the truth is, I can evaluate by nothing more than the financial statements. Sure I would not understand $NVIDIA (NVDA.US)$ either (don't own) but I can say with reasonable confidence that they will be in the lead with regard to designing AI chips and they seem unlikely to be commoditized but will LLMs be commoditized? I have no idea.
I own a position in a company $eGain (EGAN.US)$ that does not call itself an AI company but they do use AI to access company data that apparently they are reasonably competent at helping companies access their data that I think might have some paralells to Bairong except I know EGAN is pretty much strictly in call centers. I've followed EGAN for 25 years and have great confidence in their management to run a business in a competent fashion but whether they have staying power given the changes taking place and fact that their executives are nearing retirement age? None at all.
What can one say? I'm a speculator.
104027617 Jeff Boyd OP : i own Bairong too, it a lot easier to evaluate chinese companies if you know how to read mandarin. Basically unlike the general LLM that developed by OpenAI that need billions of resources to train the model, Bairong's LLM is more vertically suit the financial institutions in China, without huge capex needed to develop and probably the only AI developers that already monetising and profiting in China (maybe globally) as well.
Jeff Boyd OP 104027617 : There are so many limitations on understanding companies. I've always thought that the only way I can understand future risks/prospects is if I have worked for the company and can talk to people who do the real work and even then one never knows that a liability or competitor won't pop up.
So many Chinese companies were trading at such low values I could not ignore them. Lost a fair amount of money but things have obviously turned around recently. Whether it will last, who knows. The actions being taken by Chinese government are aimed at stocks and real estate so my view is that the stimulus will not really have a long term impact on say retailers unless Chinese consumers open their pocketbooks. Got an incredible gain on $MING YUAN CLOUD (00909.HK)$ which I thought would obviously benefit. Don't get a quick gain like that very often so I sold it.
I've gone over to the FUTU site hoping I could talk to Mandarin speakers who might know the companies better as the translation features these days are so incredible. It was possible to have a conversation but investors in China are just as uninformed as most US investors. I also read the Mandarin financial reports but at the end of the day I think it is close to a waste of time although I do understand the accounting and economic issues reasonably well.
I think you may be the first really sharp person I've talked to on either the Moomoo or FUTU web sites. Don't be a stranger o.k.