Saas (BK1192) Stock Forum and Discussion

Saas

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Trader’s Edge

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Jeff Boyd

Sep 26, 2024 18:33

Rookie Question

$BAIRONG-W (06608.HK)$ Hate to post this as it will show my lack of knowledge but is this company (1) a software company that uses AI or (2) an AI company that recoups its costs via software sales?
As they don't develop chips and are not talking about building huge new data centers the likes of which have never been seen I have to believe it is #1.
Can someone who understands these things explain what Bairong is?

104027617 : Bairong is an AI company in a sense that they are developing their own vertical LLM for the use of financial institutions.

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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.

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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.

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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.

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Jeff Boyd

Sep 22, 2024 21:58

Well

$BAIRONG-W (06608.HK)$ One never knows the future with certainty but this company is earning 7-8% ROE which is pretty impressive given how overcapitalized it is. That cash sure drives ROE down.
Know things change pretty fast in the sector but does anyone know if they face any threats aside from normal risks faced by any company in this sector?