I think $TENCENT(00700)$ BuyTencent Holdings.HK's performance last year was not very good, but it will have a good development this year. I think there are the following points: 1) Tencent’s semi-annual financial report last year showed that the reasons for its poor performance were firstly the limitation of the game business version number, and secondly, due to the impact of the epidemic, the growth rate of financial payment and advertising business declined. 2) Since the third quarter of last year, Tencent's game and financial businesses are picking up, while its advertising business is still declining due to the impact of the epidemic. The overall performance bottomed out. become the driving force for the future rise of stock prices. 3) Looking forward to this year, the copyright
Saw an interesting trend today. Talking about a peak in liquidity or $ pouring into money market funds.On a 20 year trend, this money market amount peaked on March 9th 2009. Everyone remembers that was the bottom day of the great financial crisis. Then a massive bull run followed.The trend also showed a spike in 2022 with the same money market amount. With the peak being in mid October, until this week. It formed a new peak yesterday. Which was ironically March 9, 2023.Anyway, it could mean that there is a heavy amount of $ that could flood back into the stock market soon.Just thought it was an interesting trend of data. If you want to get your mind off this temporary Fed vs Jobs mess, there is a good transcript on seekingalpha from Shopify presenting at MS TMT conference. Good readin
$Roblox Corporation(RBLX)$ In my view the SVB debacle may have massively increase the event Roblox get bought or a massive bid is made for the company. Our government would not be in a position to intervene, because the tech sector would essentially be bailing the USA out with the massive returns the government would make of these new transaction especially as the world evolves to AI and the FED begins to relax its stance on increasing interest rates. A massive bid for Roblox would potentially get bidders all the way up to approx. premium of $200 per share.