Highlights: I was expecting it to start as a ‘ROCKtober’ boom following the Sept momentum on China shares due to gov stimulus package announcements . I jumped on the ride to get some Baidu and Nio shares, and boy I yet to see it rising up beyond my buy price 😞 I’m still hopeful though seeing reds isn’t a nice feeling . I learnt that at times one should make quick decision for quick buck if due diligence isn’t thoroughly done on the company . Strategies: I’m still searching for...
Meng PaPa
TWP PaPa
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Recently, it seems very uncomfortable. With lots of good news, good earning reports, good expansion networks, low oil prices, US stocks at record high, and yet SIA is weakening day by day. Very uneasy lor.
$HORIZONROBOT-W (09660.HK)$has announced its initial public offering (IPO) results, reporting a 33.83 times subscription rate with a 100% success rate for one-lot (600 shares) applications. The international offering was 13.81 times subscribed. Final Offer Price: $3.99 (upper limit of the price range) Net Proceeds: $5.142 billion Listing Date: Expected on Thursday, October 24th. Horizon Robotics, specializing in Advanced Driver Assistance Systems...
$BIDU-SW (09888.HK)$Why do people FOMO trade SMIC for non-advanced chips and Do not want to trade BIDU for practical AI applications in China? Tricky market.
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小雨滴
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Just like NVDA, “during a gold rush, sell shovels”. No one knows who’s gonna 100% sure win in the practical AI applications. But for sure, those who sell shovels (chips) will 100% get richer in early stage.
RC84
OP
小雨滴
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Far away between SMIC and NVDA. However, BIDU collaborated with Apple using H20 or Huawei chips for the application. That’s why I think it’s tricky. Or Huiwei’s chips are all made by SMIC for broad use already (If yes, SMIC should have a better revenue; tricky)
小雨滴
RC84
OP
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It’s about geopolitical tensions too. No one knows whether wars will happen in Taiwan strait. So the valuation is tricky. Most money buying SMIC coming from Mainland China. Baidu is not listed in Mainland. Western investors are still waiting.
$BIDU-SW (09888.HK)$very stagnant though supposedly very undervalued since auto drive and AI component not valued by the market. Query CEO does not know how to boost its company value. Not like Xiao Mi CEO.
102079131
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Now, lowering the price to drive out US dollar investors, so that Chinese capital can hold positions. This completes the de-dollarization of Chinese capital. At the same time, invite the princes from the Middle East to bless, and use the Renminbi, Russian Ruble, or the currencies of the Middle East. Otherwise, use digital Renminbi to increase the process and progress of de-dollarization.
二鱼五饼 : Rotten mud doesn't help the wall.