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Happy Sunday! Apparently this new open-model Kimi has everyone really excited. But within days of release they have to send an X message to the world: "Kimi K3 has received far more love than we expected, and our GPUs are feeling it. Over the past 48 hours, demand has pushed close to the limits of our current capacity." I will continue to say it. The signs are everywhere. Long $HPE. Happy World Cup Final Day!

@amitisinvesting @EasyE589 You should do $uber, I did a small thesis on it and it's very undervalued

@EasyE589 Honestly, I’d own both. I don’t $UBER but it is cheap here. It may be a new position for me in 2027 as I dive deeper.

$GRAB This will be a long post and dive into many things including Grab's stock performance, some updated thoughts on my Grab thesis after having visited Southeast Asia last month, and new models for valuation. Let's get into it. First off, it's obvious that the stock has not performed in the way that most would like since I first initiated coverage, which was at $4.50. The stock is currently at $3.57, so it is down 20% in the 1.5 years since I laid out my thesis. I think there are many reasons for this but the common theme behind these reasons are less about the fundamentals and more about the macro. It sucks to say that because it would imply that larger forces have played a role outside of the business's execution, but I do think that has happened and unfortunately has made the investment, so far, unsuccessful. Two major macro disruptions hurt grab: the price of oil skyrocketing and the violent shift to AI stocks. On the price of oil, the company actually has weathered the storm very nicely if you look at their latest earnings, but the sentiment around companies in a region that is prone to oil price risk has been very bad. On AI, this is something that I quite frankly just didn't see coming. $UBER is an exceptional business and in my opinion undervalued, but the overhang of robotaxis has led the stock to not do much. The intensity of the AI buildout that began in early 2025 meant that capital was rotating and Grab wouldn't play a role in that infra cap-ex trade which meant it would be prone to be stuck. I can't even blame the market here, why invest in a company that is growing 25% when you can pick memory names or neoclouds growing 500%? Having said that, the fundamentals of the business have only gotten better. I know that in this market environment, if you can't get 20% ROI in a week then your stock is failure, but if we are being a bit more realistic...things take time. HOOD took time. PLTR took time. Not every name explodes because of a datacenter contract and I believe that has given some people unrealistic expectations. Regardless, an opportunity cost is an opportunity cost and if the stock price is the basis for judgement, then the investment has not fully played out yet. Thankfully, my time horizon is greater than 1.5 years. I did have calls on GRAB in addition to shares for Jan 2027 and if there is not a meaningful change over the coming months, those calls will be worth nothing. That is the game -- if you take a risk with options, you have to be ready for the downside. Second, my experience in Southeast Asia. I visited Singapore and basically used GRAB every single day, multiple times a day. My initial thesis was based on a simple idea: compounding earnings growth while consolidating market share within the region. Being able to build the superapp that can grow users would allow upsells and as margins expand, so would operating leverage, which would elevate the company's value. Nothing in my personal experience changed that thesis and if anything, actually witnessing how intense the product was in the region strengthened my conviction. In order to deal with competition in the region, Grab either has to expand or offer better deals to out compete. With 50M+ MAU, I believe they have still under penetrated the region and have a significant runway of growth to go in order to achieve these goals. Ultimately, many of the competitors in the region are burning cash and can't produce a profit. Eventually, I believe that marketshare continues to consolidate and the one left standing should be able to benefit the most. Third, valuation. So, I have updated my models and assumptions based on Q1 numbers. I believe the conservative, fair intrinsic value for the name is at $7.50 which is why I continue to own shares. Q1 2026: Revenue guidance: $4.04-4.10B (+20-22%) Adjusted EBITDA guidance: $700-720M (+40%+) Q1 revenue: $955M (+24% YoY) Q1 Adjusted EBITDA: $154M (+46% YoY) Loan book: $1.44B (+130% YoY) Financial Services approaching EBITDA breakeven Ongoing $400M accelerated share repurchase Net cash balance remains one of the strongest in internet/platform companies For 2027, I would use deliberately conservative assumptions across all three scenarios. In the bear case, Grab grows revenue by 15% to approximately $4.7 billion and reaches a 19% adjusted EBITDA margin, producing roughly $900 million of adjusted EBITDA. In the base case, revenue grows by 18% to about $4.85 billion, while the adjusted EBITDA margin expands to 22%, resulting in approximately $1.07 billion of adjusted EBITDA. In the bull case, revenue grows by 22% to around $5.0 billion and the adjusted EBITDA margin reaches 25%, generating about $1.25 billion of adjusted EBITDA. These projections assume only moderate operating leverage, even though Grab has recently been expanding profitability faster than revenue. For valuation, I would apply an 18x adjusted EBITDA multiple in the bear case, a 24x multiple in the base case, and a 28x multiple in the bull case. Grab should trade at some discount to larger global platforms because of its geographic concentration in Southeast Asia and the risks associated with emerging markets. However, that discount is partly offset by Grab’s leading regional position, improving margins, financial-services growth, strong balance sheet, advertising opportunity, and continued share repurchases. In the bear case, applying an 18x multiple to $900 million of adjusted EBITDA produces an enterprise value of approximately $16.2 billion. After adding roughly $5 billion of net cash, Grab’s equity value would be about $21.2 billion. Using approximately 4.05 billion diluted shares outstanding, that implies a value of roughly $5.25 per share, with a reasonable bear-case range of approximately $5.25 to $5.75. In the base case, applying a 24x multiple to approximately $1.07 billion of adjusted EBITDA produces an enterprise value of about $25.7 billion. Adding roughly $5 billion of net cash results in an equity value of approximately $30.7 billion. Based on approximately 4.05 billion diluted shares, the implied value is around $7.55 per share. That supports a base-case valuation range of approximately $7.50 to $8.25 per share. In the bull case, applying a 28x multiple to $1.25 billion of adjusted EBITDA results in an enterprise value of approximately $35 billion. After adding roughly $5 billion of net cash, Grab’s equity value would reach about $40 billion. Dividing that by approximately 4.05 billion diluted shares produces an implied value of roughly $9.90 per share, supporting a bull-case range of approximately $9.75 to $11.00. My preferred valuation framework therefore produces a bear case of $5.25 to $5.75 per share, a base case of $7.50 to $8.25 per share, and a bull case of $9.75 to $11.00 per share. The base case does not require aggressive assumptions. It only assumes that Grab continues growing at a healthy but moderating rate, improves margins as the business scales, and receives a valuation multiple that remains below many higher-growth global technology and marketplace companies. A valuation of $8.50 per share is also defensible without relying on an extreme bull case. One path would be for Grab to generate roughly $5 billion of revenue and achieve an adjusted EBITDA margin of 23% to 24%, producing approximately $1.15 billion of adjusted EBITDA. At a 24x multiple, that would imply an enterprise value of roughly $27.6 billion. Adding approximately $5 billion of net cash would produce an equity value of around $32.6 billion, or approximately $8.05 per share before factoring in additional share repurchases or stronger cash generation. A slightly higher EBITDA result, a modestly higher multiple, or a lower diluted share count could push the valuation into the $8.50 range. Another path to $8.50 would be a moderate valuation rerating. If Grab generates approximately $1.1 billion of adjusted EBITDA and trades at 26x adjusted EBITDA rather than 24x, its enterprise value would be approximately $28.6 billion. After adding roughly $5 billion of net cash, the equity value would be about $33.6 billion, which translates to approximately $8.30 per share using 4.05 billion diluted shares. Additional buybacks, higher net cash, or slightly stronger earnings could bring the implied value closer to $8.50 to $9.00 per share. The market may also be underestimating Grab because it is still often viewed primarily as a ride-hailing and food-delivery company. In reality, Grab is developing several potential profit engines. Mobility can continue generating strong margins and cash flow, delivery benefits from greater scale and operational efficiency, financial services could become a meaningful earnings contributor as the loan book grows, and advertising remains relatively early in its development. At the same time, artificial intelligence and automation may improve driver utilization, merchant performance, customer targeting, and corporate efficiency. In all of these scenarios, I am also not anticipating revenue growth of 30% or above. This is the wild card, given the company is expanding to Taiwan and has a host of new initiatives that they have been getting into with M&A, if they can reaccelerate to 30%+, it changes all assumptions and could further lead to a rerating. Overall, I would view approximately $7.50 as a conservative base-case intrinsic value if Grab simply executes on its current trajectory. A value closer to $8.50 is reasonable if the company delivers modest upside to current expectations, continues expanding margins, repurchases shares, and receives even a small valuation rerating from the market. So, those are my updated thoughts. Some have asked why I don't talk about the name everyday, it's simple: there isn't much to discuss. The name is stuck based on the market's lack of interest which is why I think the discount has become so intense. I continue to hold and until I feel the thesis changes dramatically, if it doesn't, then I will continue to engage in the most boring part of investing: being patient and trusting a thesis can play out.

Good morning! 200 followers crossed, that's awesome. Thanks for being here. I want beanstocks to be the place we go to talk about good investing. Concentrated portfolios in good companies...the stock can go up and the stock can go down, but you hold through all the noise because the company is a winner. Long term winners looks different to everyone. Some examples: One of my friends is convinced $HIMS will be huge with an international consumer platform, he is in at $30 Another one of my friends is heavy in $TSLA because of self driving, in at $350 and side ways for about 3 years, hasn't sold I know someone else whose whole goal is to get 1 Bitcoin for every child to hold forever My plays this year are $HPE for the future wave of all things AI like agents, cars, robots, and day-to-day consumer use on phones and computers I also like $UBER, it's become a key part of the transportation sector

@Double0Capital Yours too! Great to learn and get new ideas from strong players...you're working up the right way too 🙌💪

@beanstockdoc Love your story brother Onto bigger and better things from here 🫡

I'm the beanstockdoc Started investing with my grandpa, went to med school, work as a physician, never stopped investing I was in college, told my grandpa we should buy Apple stock, we put a couple hundred bucks into it...still holding Then did a couple thousand into Tesla at 2010 because the roadster was doper than a Porsche...still holding Did a couple thousand in Shopify later on because I bought everything online...still holding Started realizing my life revolves around Google so picked that up in 2018...still holding My main rules of investing: Theme and sector matters Path to money making matters (to reading or weird all-in challenges) Stocks go up and stocks go down -- only sell if you need the money I'm always aiming for multibaggers over time always $HPE is next, $UBER is long, $BB worth a shot Low risk, high reward. Follow along for a rewarding ride. Proof below.

@TW_trades_ *not all-in challenge, just trading a random amount of money out of a portfolio

Will be starting the all in challenge Monday I have been waiting for something and with the recent market sell off, I found our winner. No its not $AAOI Will post the play and thesis on Sunday for subs.

We are 10 followers away from 200! A group of people who want to safely invest in winners, get big returns, and see if it happens fast or slow. How many stock actions have I taken this month: 2 How many does everyone else on X take: seems like a hundred a day One way is stressful, one way is not...which one do you prefer?

Down 4% while all these other screenshots showing big 🟥

As everyone goes through weird drawdowns and hyper-volatility, my month has been SUPER CHILL. Want to know what it's like to be a relaxed investor? Pick good companies with huge runways and unknown upper limits. How high can $HPE go? You tell me. Everyone is chasing AI bottleneck plays, paying almost 20x gross revenue. Small companies with huge future projections trading at crazy market caps. That's hope, not investing. Meanwhile, sitting cushy on the side is $HPE, a clear winner as AI usage goes up. As models become more prevalent, as token costs go down, as cars become autonomous, as robots do work, AI USAGE GOES UP. The network and infrastructure that powers all this will be a winner. To put AI to work, you need distributed networks and hardware to complete the actual inference and execution tasks. MAKE AI WORK. It's not memory, it's not neocloud, it's not hyperscaler...capex can change, commodities can fluctuate...but the underlying demand for AI is only going up. The system to power it has to be strong. Hope everyone is doing ok with huge ups and huge downs, I'm chilling riding a small wave over the last month 🌊 but the best part, there is no upper limit on $HPE growth. Have a great weekend!

Down 11% Up 5% Down 6% Markets are a roller coaster 🎢 As you can see, I only make a few plays a year. Don't chase at all-time-highs Find value, growth, or value and growth in the right sectors Meanwhile $HPE revenue graph looks like this, with this year projected to over $40B

Glad to see @CKCapitalxx stop an all-in challenge. Would love to see others stop this, and be clear that it is a NOT ALL-IN....it is literally just trading random stocks with a small portion of a portfolio, somehow given a fancy name like "ALL-IN"... Main good thing about all this was transparency

@CKCapitalxx Well done, NOT ALL-IN is the right way. Ths excitement around this has been so confusing to me, it's literally just trading with a small portion of a portfolio. Nothing about it was ever all-in, for anyone. Congrats on the transparency!

Hey guys, After consideration, I am ending the All In challenge. And I want to be straight with you about why. Before you read, just know I will still be holding $KRKNF in the All In portfolio and letting the thesis play out and notify when I do sell before it comes to an end. I talked with a few people I really really respect in this space and they reminded me how risky this challenge really is, this is a small percent of my net worth that I am using, and was taking a risk that I could afford to lose. Many of my followers and subscribers are newer investors, so it may look like a fun challenge, but there are people out there who might follow and play with money that they cannot afford to lose. That goes against what I am for as an investor and influencer. That is a dangerous image to build, and it all falls back on me if a trade goes bad. My job as an influencer is to educate you guys so that you can succeed and build wealth, and this is not the way. The challenge goes against what I think is the right way of building wealth. Everything we talk about here, position sizing, diversification, holding great companies for years, letting theses play out, is the opposite of throwing an entire account at one ticker for entertainment. The core portfolio, the research, the deep dives, none of that changes. If anything it gets more of my focus now. My goal has always been to help you build generational wealth, and that happens through discipline and patience, not through all in bets, no matter how fun they are to watch. Appreciate everyone who followed along, and I appreciate the people who called me out. That is what keeps this space honest. Back to the Long game!! For anyone that cares, here is where the account stands and the progress on it since I started.

@ATHorDie18 I'm not even sure there is a reason given...it's not overvalued, it is a diversified business, it has institutional support...this is just manipulation to get in lower

@beanstockdoc The reason given is hilarious because it's not a concern for $HPE it's a massive benefit. Once it gets through $50 and closes, it's running quick.

The 5 day chart shows that something is stopping this from going over 50! Remember, algorithms and big institutions want good prices in good companies. Numbers control a lot of automatic actions. Something about 50 has the system worried 🚨🚀 $HPE looking to go over the hills!

So BlackRock is up 7% on record assets under management. And who is the biggest holder of $HPE? Oh cool, it's BlackRock.

@Cashflowfarming Seriously, this one is easy

The Market doesnt realise.... $HPE its soooooo easy !!

@dissectmarkets Good call, me too!

@beanstockdoc Good thing I own $HPE

"In the last few weeks of June, we saw clients shift their quarterly capex spend toward servers, storage, and memory purchases to secure supply-constrained infrastructure ahead of expected price increases," Krishna wrote in a letter to IBM investors. Long $HPE. The signs are everywhere.

$HPE — 2028 targets. Hit in 2026. That's not a typo. HPE just posted its biggest EPS beat since 2018. +108% EPS growth. +40% revenue. $5.9B AI backlog. FCF guide raised from $2B → $3.5B+. The FY26 guide now exceeds the FY28 long-term targets management set in October 2025 — two years ahead of schedule. And the stock is sitting at ~14x forward earnings. Here's the full picture: THE BUSINESS Three pillars: Cloud & AI ($7.7B, +23% YoY), Networking post-Juniper ($2.7B, +148% reported / ~10% normalized), and GreenLake — a recurring revenue machine with 15,000 customers, 6.7M systems under management, and ~110% net retention that the market is completely ignoring. AI server orders more than doubled YoY. $16.4B in cumulative AI bookings. Elliott Management just took an ~$209M position and engaged alongside Irenic Capital. Activist involvement is a standalone catalyst — it doesn't depend on the AI cycle. THE VALUATION ~14x forward P/E. ~1.6x P/S. Below the peer median. Gross margin of 36.9% — higher than Dell, which trades at a similar P/S. Arista, the closest networking comp, trades at ~18x P/S. HPE's networking business alone would re-rate this whole company if the market ever makes that connection. THE BEAR CASE (real, not dismissed) ~$21B debt load is the primary risk. Networking op margin dipped 23.7% → 21.6% sequentially — worth watching. The +40% revenue headline is Juniper-inflated; normalized growth is high-teens. Supply constraints through at least 2027. These are real. Size accordingly. TARGETS Base: $72–85 (EOY 2026) Bull: $100–120 (2027) Soft bear: $38–42 — one miss, multiple compression, EPS still intact Hard bear: $30–35 — Lots has to go wrong, major market pullbacks The thesis breaks on events, not price action. I'm not selling because the stock is down — price is rarely the representative of the business. I'm watching for: → AI capex narrative reversal across the industry → Juniper integration showing real margin deterioration (not one quarter of mix) → EPS guide cut — not just a miss, a structural downward revision → Debt load stops declining or refinancing conditions worsen materially → GreenLake churn / NRR drops below 100% If none of those happen, a stock at $35 is a gift, not a reason to exit. Entry was ~$54–55 in June. Now ~$48.54. Down ~11% and I'm not hiding it. The soft bear zone was briefly touched in early July and bought. Next real test is Q3 earnings Sept 1 — guide is $11.5–12.1B / $0.88–0.93 EPS. Beat that and the re-rating is confirmed. Not financial advice. DYOR. I'm long $HPE. $CSCO $DELL $NVDA $SMCI $MRVL