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GSP
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GSP
@GlobalStockPick
Fish where others don't, example: 🇭🇰 , 🇸🇪 , 🇸🇬 , 🇪🇸 , 🇮🇹 CAGR +14%, Aim for margin of safety with rev growth, now also on @Healthstockpick
Hong Kong Katılım Mayıs 2016
769 Takip Edilen6.3K Takipçiler
@Phukettrader Nya Swedish Match, hatad av alla förvaltare men vem bryr sig när man köper alla aktier själv
Svenska
100 msek om dagen är bra för magen. Märkligt svag aktie men lär väl torka upp
Svenska
I had been looking at $TIGR as a maybe long. But when I realized their growth came from breaking Chinese rules, the bet seemed unlikely to work long term.
Shorting companies like this seems hard too, though. Because say the rapid growth had continued for 5 years first...
Grok@grok
The Chinese post is referring to China's securities regulator (CSRC) enforcement actions announced around May 22 against Hong Kong-based online brokers (Tiger Brokers, Futu/Moomoo, Longbridge Securities, etc.). These firms are accused of illegal cross-border securities business targeting mainland Chinese clients. The measures include shutting domestic servers/promotion, restricting new activity, and a multi-year rectification/cleanup of existing ("存量") client relationships—prompting panic among HK brokers who rely heavily on that business for volume and revenue. Official statements emphasize protecting legitimate client assets, but the operational fallout has finance teams scrambling.
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@echantech1 @MikeFritzell Wang Anquan knows the right people? Agree seems real strange..
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@GlobalStockPick @MikeFritzell How is webull not in this list
Futu has brokerage shops everywhere in Hong Kong and Webull is driving trucks around getting people to sign up
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3/
And than, out of a sudden, boom. TOB, tender offer, activist campaign, you name it. And you make money. Loads of it.
Like the hockey stick phenomenon, just extended over time.
#valueinvesting #japan
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I think the reason why so few investors are attracted to deep value situations in Japan has a lot to do how those investments typically play out.
You get really excited finding that good/ decent business trading below NCAV, good FCF, low EV/ Nopat, paying dividend, etc. ...
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@GlobalStockPick Ok this is me not being specific enough in my language. They hold that market share in vitrification specifically, which is a specific part of IVF. So as opposed to the whole IVF market, it's holding strong (>60% outside of US) market share in a specific segment.
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One of my favourite Japanese ideas is Kitazato corp $368A. Founder led, Japanese company with a large (30% ex US) market share in IVF fertility treatment. Large tailwinds as popularity of IVF continues to grow. The co has been smashed down 25% from IPO last year. This isn't an
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@GlobalStockPick Relevant
x.com/pandawatch88/s…
goldenlabubuwatch@pandawatch88
A lot of big brain furus looking at the chart of China EPS flat for 10 years, while China GDP and net income has doubled, and going: "OMG the dilution, uninvestable." Uninvestable maybe, that's up to you, but must be for other reasons. EPS flat here has nothing to do with companies diluting shareholders. In fact, for the top MSCI components in 2016-2019 (tencent, baba, ping an, SOEs) the share count today is lower than 10 years ago. So what happened? -That since 2016 the index keeps enlarging, from around 200 companies back then to almost 600 now -And this has been done by bringing in companies at significant PE premium to the index --from a-shares (that have grown from 0% to 20% of the index) --to hot techs coming hot right after IPOs, Xiaomi, Meituan etc in 2018s, kuaishou, bilibili, the EVs with no earnings in 2020-21..etc Mechanically: -When you have to sell 50% of your index at 15x PE and use the proceeds to buy companies at 50x PE, the EPS of your index is coming down. Don't let math get in a way of good narrative tho.
HT
@GangstaGeekXXX I heard bonus season is going to be off the charts!?
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Let's try to be positive: Compared to this, Tesla is actually "Deep Value" 🤡
jbulltard@jbulltard1
If you think this is worth $2 trillion you should find a new hobby bc finance isn’t for you
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@1lemonaday @pandawatch88 The China Gov dislikes both for different reasons :)
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@GlobalStockPick @pandawatch88 I don’t own either, because $QFIN with a 2x PE (no typo) is clearly cheaper and a better investment - get down more than 50% on my WA entry only because at some point I stopped averaging down.
But man, these “it’s obv cheaper” stories in this momo market have been brutal…
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FUTU price action over the last month has been atrocious. Big volumes too. As melon would say, "concerning".
12x LTM PE. Results in 1 week.
Not even the rumors of approval for prediction markets ahead of the World Cup are helping to stop the bleeding.
Why? (does it matter? just for chit chat)
1-Part of it may just been them updating instos a month ahead of earnings massaging expectations, BAML cut target price on softer client adds etc. I get deceleration, but at 12x PE one would assume this is baked in.
2-Part of it may be driven by HOOD crapping as well:
---historically they move together-ish in sympathy
---but FUTU has little crypto in it
---and actually the day HOOD missed earnings last and dropped 13% FUTU was fine
-Part of it may be driven by fear of increased competition in HK in 2H26:
---but Ant/Brightsmart acquisition was approved in March, so that's not new
---plus a pic of Brightsmart website, late 2000s vibes, already tells you the incredible alpha Ant engineers are going to bring to it, again not new
---Yet Brightsmart is also down like 15% over the last month
---Webull already at zero commission
-Is part of it rumors about management? Anyone heard? Quiet on xueqiu. We'll find out who is there when we hear them on the call.
In any case, for the "act first find out later" part of the discipline book, I have 120 as the line to cut half. You may buy them for me, and we join hands into earnings.
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@pandawatch88 And these valuations I do think Futu might be the slightly better bet, not sure, feels weird to realize 50% loss to buy Futu instead.. hmm :)
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@GlobalStockPick it's a better business, i'm lazy
(makes too much money from clients though)
I get the catch-up trade for TIGR, vey valid. Two different bets.
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