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Do we Really still need a Degree to earn a Living ?Yesterday, the 2nd day of CNY and we were celebrating with our friends here in SG. Around evening, we ordered food online but they failed to deliver the food to my friend's place. We contacted the HQ and they said after trying to reach the driver several times, they had no choice but to refund us the money. But the app said food has been picked up and DELIVERED but the latter was not true else we would not need to go out to buy food from a nearby mall. Anyway, I asked my friend and he explained this had happened a few times. Because these drivers earn by per trip so the more trips they made a day, the more they earned. Probably, the driver misjudged the distance and took my friend's order and decided not to deliver the food. We don't know but we hope he is fine. On my way home, I thought hard about this industry and can't help feeling amazed how a food delivery business can change the lives of so many people globally, especially in China. Read this article here . When you can make an average income of 7000 RMB per month if you really put in the long hours. Who will need a degree these days ? And with technology affecting so many parts of our lives, who is to say what trend will we be seeing in 3-5 years time let alone 10 years ?
HKEX:9988Long
by dchua1969
3
Are you doubling down on Tencent or freak out and sell ?Read article here One of the most frequent stock I was asked this week by my followers (sorry if I did not answer your PM as early as I wanted to). The way I look at it is like this - if you bought during June 2020 and hold till now, you probably see all your profits evaporated and hated yourself for not selling earlier. Yes and no. Yes because you could buy back now (assuming price stabilised at this support zone and PROVIDED you have the ability to fortell the market). If not, then do not be too hard on yourself. Nobody can time the market all the time and that is why when price becomes irrational and overselling is done by frenzy selling, it becomes an opportunity to value investors like us. That is if you hold a long term view of this company and believe in its growth story. In fact, I was looking at the paltry returns that my kids had in their bank accounts. After 10 years , it is miserable. So, I decided yesterday to open a new brokerage account and will start to buy fundamentally sound companies to invest and use this as a form of long term savings for them. Again, do not follow my style if you are not comfortable ,I am merely sharing what works for me in my circumstances. I do not know yours and will not advise if you should follow as well. So, please take it as a form of reference only . If this stock does move up to its previous peak price at 764, then at current price, it is more than 36% discount, which does not come by often. Short term volatility may still exist , not just for this China tech stock but the industry as a whole. Instead of worrying what else will the central government do next or when the market will truly bottom (I spent countless nights in the past trying to find the Holy Grail only to be disappointed), I prefer this method as it offers me time flexibility (no need to keep worrying if the price drops further) or constantly monitor the price. Hope this offers some form of help to those who are holding on to this stock and those who intend to get in.
HKEX:700Long
by dchua1969
Evergrande's electric car unit's shares tumble 26% after warningONG KONG, Sept 27 (Reuters) - Shares of China Evergrande's electric car unit 0708.HK plunged as much as 26% on Monday after it warned it faced an uncertain future unless it got a swift injection of cash and after it said it will not proceed with plans to issue RMB shares. The warning by China Evergrande New Energy Vehicle Group after the market closed on Friday was the clearest sign yet that the embattled property developer's 3333.HK liquidity crisis is worsening in other parts of its business. Shares of the electric car unit slid to as low as HK$1.66 in early trade before paring losses to fall 2.2%. China Evergrande's stock rose 5% to steady near the decade-low they made last week, while Evergrande dollar bonds were at distressed levels. In the broader market, concerns that a collapse at Evergrande could drive a global crisis have ebbed. "I think the markets have priced in that on the balance of probabilities, the shock and awe is over," said Kyle Rodda, analyst at brokerage IG Markets in Melbourne. "Markets are really just expecting from here on in, a company that is doomed to failure but one which won't be allowed to result in major risks within the Chinese financial system - or that (contagion) won't pervade global markets." Evergrande missed a payment deadline on a dollar bond last week and its silence on the matter has left global investors wondering if they will have to swallow large losses when a 30-day grace period ends. (Full Story)
HKEX:3333
by Qays_Kayson
Evergrande: A DiscussionConcerns Investors May Have: China is said to contain more of the world's real estate assets than any other country. Therefore one concern is the potential impact a possible default may cause to international property markets. Consumer confidence in real estate investments could reduce and perhaps lower property demand, potentially reducing real estate prices. Should this occur to a great extent, pre-existing property loans could outvalue the revaluation of the real estate asset. This potential major contrast between loans outvaluing the associated properties could collapse some banks internationally. A possible mass sell-off of property globally by investors and banks could burst the property bubble. Another concern is investors could forfeit involvement in companies offering similar services. There ore other confounding factors involving the current pandemic, employment, inflation and among others. Thank you for reading. Please share your thoughts. Do you believe this company could be bailed-out or would other companies in a similar position expect similar treatment? ---- Disclaimer: This does not constitute any form of advice including legal, financial or investment advice and should not be construed or relied on as such. Always seek advice from a qualified and registered legal practitioner or financial or investment adviser. Information presented is for entertainment purposes only.
HKEX:3333
by calculations
Evergrande and the San Francisco Real-Estate Crash (ft. #Crypto)So while we wait for the #Evergrande thing to sort itself out, the city to pay attention to for cracks in the housing market here in the US is #SanFrancisco. They have had the highest housing inflation in the country over the last decade -- which is counteracted by the reality that both jobs and people are leaving the city in droves now due to its unaffordability, high taxes, and lower quality of living. So the part we should be concerned about is the fact that cash purchases of real-estate (the metric used to estimate foreign investment) has been on the rise for a while now, and COVID has more likely than not accelerated those trends. Of the possible 30-40% of homes bought with cash in SF, we know that at least with foreign properties, more than 70% of them are from China. We don't have the exact numbers yet but I think it's safe to say that it's probably enough to have an impact. While everyday Americans struggle to make ends meet, why does the market keep on going up, at least on paper? The reality is that US markets are being propped up by foreign speculators right now, rather than anything we did on our end. Foreign investors know that Americans are homeownership obsessed and will basically do anything to keep their home values up, no matter what the cost. (Homelessness, crime, rising rents, etc.) They don't live with the consequences since most aren't even here -- all they really care about is getting a return. Both the NIMBYs and politicians in the US have sold out the American people to see their home values rise for a few % points -- foreign investors are basically trying to #buythedip of our dysfunction and laughing all the way to the bank, really. Is the sky going to fall? No. But when you see people freak out over changes in 5-10% even in assets like #crypto, a change like that can actually be panic-inducing in traditional markets. Imagine that your investment that has gone up steadily every year for 50 years, now going down. If you're a renter or a prospective homebuyer, this may be the moment you've been waiting for, though. Something worth keeping tabs on, either way.
HKEX:3333Long
by RyanTanaka
Future for TencentFirst question is what is your holding period? If you look to invest for more than 6 months to a year, then good to build your first position in Tencent at current price and we might see 7xx in future (unknown timeline) . However, if you are trading for quick profit, the current price will most probably ranging within $100 before any significant move can happen as market starts to consolidate. Meanwhile, you could spend your fund on other active stock to make money instead of sitting in tencent till the chart has started to show sign of reversal. Not recommend to trade, but recommend for hold for long term at current price.
HKEX:700
by 100dollar
A potential multibagger 3X to 5xWith a strong performance in Aluminium, Rusal will start to move out of long term downtrend. Price of Rusal has tested the based 3 times and poise for a potential breakout with a immediate resistance at $7. Rusal tend to have the strongest performance between April in the past and tend to fall sharply in Jan. If price can break out and retest $6 , we expect it to grow towards $10 and follow by $13 by end of year With an estimate to be $24 to $36.
HKEX:486Long
by 100dollar
Going directly into Coal in ChinaWith a exploding coal price, caused by gas price and shortage from russia, this stock looks very cheap. Since it is a china stock, it suffered with no real reason by the last issues on real estate and tech crisis in china, but this company mining coal and deliver power to the chinese economy. Seeing a explosion of the price in coal: tradingeconomics.com This is a sure buy, if you have direct possibility to trade in china. The stock is currently under book value and insitric value, a lot with a dividend yield about 12.5% in the past and may surly rise in the future because they can make a lot more profit on coal in the second past of the year and in winter 2021/2022, because of lacking of natural gas from russia. www.reuters.com Europe is surly more willing paying higher prices on natural gas, than china, because greenhouse is not a big deal in china, but only in europe.
HKEX:1088Long
by smoki99
3333Evergrande Recovery Setup - The Trade of 2021 stops below 11-year-lows , targeting Full Recovery. Accumulate within reason, probably the trade of 2021 Thought Process : 1. Major Fear Stage in the markets, Rapid Imbalance Recovery needed to regulate market cycles. (people crying all over headlines, great time to accumulate) 2. Fundamentals intact (employee data, earnings data etc.) 3. Very Probable bailout, chances of Evergrande going bankrupt are neutral for now 4. Major Demand Accumulation Zone for smart money
HKEX:3333Long
by raysontan