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JenneyJJ
JenneyJJ
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2022-12-30
👍🏻👍🏻👍🏻
Apple iPhone Output in China Begins to Catch Up Despite Covid-19 Issues
Covid-19 issues in China are still hampering manufacturing of AppleInc.’s iPhone, but production is
Apple iPhone Output in China Begins to Catch Up Despite Covid-19 Issues
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JenneyJJ
JenneyJJ
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2022-12-19
Nice 👍🏻
4 Resilient Singapore REITs with Dividend Yields Exceeding Your CPF Account
The Central Provident Fund (CPF) scheme is an excellent way to build up your savings for retirement.
4 Resilient Singapore REITs with Dividend Yields Exceeding Your CPF Account
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JenneyJJ
JenneyJJ
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2022-12-13
🍎 Go Go Go!!!
1 Green Flag for Apple Stock in 2022, and 1 Red Flag
Apple's services business is booming; however, overreliance on China for its iPhone production could spell trouble.
1 Green Flag for Apple Stock in 2022, and 1 Red Flag
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JenneyJJ
JenneyJJ
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2022-12-13
Ok, noted. Thanks!
Singapore Stocks to Watch: CapitaLand India Trust, SIA, Soilbuild
THE following companies saw new developments that may affect trading of their securities on Tuesday
Singapore Stocks to Watch: CapitaLand India Trust, SIA, Soilbuild
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JenneyJJ
JenneyJJ
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2022-12-01
👏🏻👏🏻🎉
Sorry, this post has been deleted
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JenneyJJ
JenneyJJ
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2022-11-14
BBQ le.....
At Least $1 Billion of Client Funds Missing at Failed Crypto Firm FTX
FTX founder Bankman-Fried secretly moved $10 billion in funds to trading firm Alameda - sourcesBankm
At Least $1 Billion of Client Funds Missing at Failed Crypto Firm FTX
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JenneyJJ
JenneyJJ
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2022-11-11
Niceeee!
Singapore Bourse May Crack Resistance At 3,200 Points
The Singapore stock market has climbed higher in five straight sessions, improving more than 70 poin
Singapore Bourse May Crack Resistance At 3,200 Points
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JenneyJJ
JenneyJJ
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2022-11-11
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Apple’s $191 Billion Single-Day Surge Sets Stock-Market Record
Apple Inc.’s surge Thursday was one for the record books.The world’s most valuable company added $19
Apple’s $191 Billion Single-Day Surge Sets Stock-Market Record
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JenneyJJ
JenneyJJ
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2022-11-11
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Amazon Surges the Most Since February on Cost-Cutting Review
E-commerce giant already has paused hiring companywidePositive inflation data also helps lift Amazon
Amazon Surges the Most Since February on Cost-Cutting Review
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JenneyJJ
JenneyJJ
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2022-11-09
👍🏻👍🏻
Amazon: Buying Opportunity In The Making
SummaryAmazon reported quarterly results a few days ago, and especially due to the weak guidance for
Amazon: Buying Opportunity In The Making
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content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple iPhone Output in China Begins to Catch Up Despite Covid-19 Issues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple iPhone Output in China Begins to Catch Up Despite Covid-19 Issues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-30 08:13 GMT+8 <a href=https://www.wsj.com/articles/apple-production-in-china-begins-to-catch-up-despite-covid-19-woes-11672315005?mod=hp_lead_pos5><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Covid-19 issues in China are still hampering manufacturing of AppleInc.’s iPhone, but production is beginning to catch up to demand for the more-expensive Pro models, according to analysts and people ...</p>\n\n<a href=\"https://www.wsj.com/articles/apple-production-in-china-begins-to-catch-up-despite-covid-19-woes-11672315005?mod=hp_lead_pos5\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.wsj.com/articles/apple-production-in-china-begins-to-catch-up-despite-covid-19-woes-11672315005?mod=hp_lead_pos5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125221549","content_text":"Covid-19 issues in China are still hampering manufacturing of AppleInc.’s iPhone, but production is beginning to catch up to demand for the more-expensive Pro models, according to analysts and people involved in the supply chain.Models such as the iPhone 14 Pro Max, which starts at about $1,100, are integral to Apple’s strategy of increasing revenue when growth in the overall global smartphone marketis slowing. That strategy took a hit in October when Covid-19 outbreaks hit the main manufacturing base for iPhone Pro models, operated by Foxconn Technology Group in the central Chinese city of Zhengzhou.China has lifted most Covid-control measures, the leading issue at factories around the country is worker health. Nationwide, at least tens of millions of Chinese arebelieved to have caughtthe coronavirus.It isn’t known what percentage of Foxconn workers in Zhengzhou have Covid-19, but workers there said they knew of many people around them who developed fevers or other Covid-19 symptoms. The workers said some of those afflicted continued to work while others took time off. They said it was hard to know who actually had Covid-19 because the country has stopped widespread testing and test kitsare in short supply.Fears that additional turmoil in China could hit Apple production and sales in the country into the new year helped push Apple stock down 3.07% in Wednesday trading to $126.04, the lowest level since June 2021.Nonetheless, analysts and people involved in the supply chain say the situation in China, while far from normal, is at least better than during the Foxconn worker clashes in November.“Supply is improving and inching slowly toward parity with demand,” J.P. Morgan analystSamik Chatterjeewrote in a note to investors this week about the iPhone 14 Pro.Wait times for U.S. consumers ordering the latest iPhone Pro models, which once extended to 40 days, have improved, according to J.P. Morgan.In the U.S. and China, Apple’s websites show wait times for Pro models at around one to two weeks. Certain Pro models and colors are available for immediate pickup at some Apple stores in both countries.On Dec. 8, Foxconn, Apple’s sole assembler of high-end iPhone models, said it ended the movement restrictions at its Zhengzhou facility after more than 50 days.The parts of the facility that produce iPhones have recovered somewhat and are operating at about 70% capacity, according to analysts and people involved in the supply chain. Still, Foxconn is struggling to recover full normalcy, they said.Taiwan-based research firm TrendForce said labor shortages are affecting supply chains in China. It forecast iPhone shipments would total 47 million units in the January-March quarter, down 22% from a year earlier and below its previous forecast of 56 million units issued in late October. The figures include all iPhone models.This week, Foxconn offered a bonus equivalent to about $700 for key manufacturing workers who are willing to stay on the line through March 20. That differs from the usual pattern in which Foxconn ramps up staffing in the summer and fall to meet holiday demand, then pulls back after the shopping season is over.Sometimes called “iPhone City,” the Zhengzhou facility employs as many as 300,000 workers at peak times to make iPhones and other Apple products. At one point, the city alone made about 85% of the Pro lineup of iPhones, according to market-research firm Counterpoint Research.Foxconn, formally known as Hon Hai Precision Industry Co., has moved some of its iPhone production to its other facilitiesin the southern city of Shenzhen.Regardless of the short-term production ups and downs, people involved in the supply chain say Apple is looking over the mid- to long-term todiversify its supply chain to more places outside China such as India and Vietnam. The past year has highlighted the political and business risks of concentrating so much production in China.Foxconn has been assembling iPhones in India and has recently ramped up its technology so it canstart manufacturing some new iPhone models in Indiaat nearly the same time as Chinese factories.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9926051842,"gmtCreate":1671426708287,"gmtModify":1676538534624,"author":{"id":"3573203718015318","authorId":"3573203718015318","name":"JenneyJJ","avatar":"https://static.itradeup.com/news/b13adb37ca4f467841be761d65d844b5","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573203718015318","authorIdStr":"3573203718015318"},"themes":[],"htmlText":"Nice 👍🏻","listText":"Nice 👍🏻","text":"Nice 👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9926051842","repostId":"1107507999","repostType":4,"repost":{"id":"1107507999","kind":"news","pubTimestamp":1671413713,"share":"https://ttm.financial/m/news/1107507999?lang=&edition=fundamental","pubTime":"2022-12-19 09:35","market":"sg","language":"en","title":"4 Resilient Singapore REITs with Dividend Yields Exceeding Your CPF Account","url":"https://stock-news.laohu8.com/highlight/detail?id=1107507999","media":"The Smart Investor","summary":"The Central Provident Fund (CPF) scheme is an excellent way to build up your savings for retirement.","content":"<html><head></head><body><p>The Central Provident Fund (CPF) scheme is an excellent way to build up your savings for retirement.</p><p>Moreover, the CPF Ordinary Account (OA) balance earns a near risk-free interest rate of 2.5% on balances there, with an additional 1% paid out for balances up to S$20,000.</p><p>However, with core inflation rising to near 14-year highs of 5.1% in October, it’s necessary to make your money work harder for you.</p><p>REITs are one asset class you can deploy your savings that pay regular and dependable dividends.</p><p>And with an economic downturn looming, some of these REITs can also offer a safe harbour to weather the storm.</p><p>Here are four resilient Singapore REITs with strong sponsors and distribution yields that are higher than the CPF OA interest rate.</p><h3><a href=\"https://laohu8.com/S/M44U.SI\">Mapletree Logistics Trust</a></h3><p>Mapletree Logistics Trust, or MLT, owns a portfolio of 186 properties across eight countries with total assets under management (AUM) of S$12.9 billion as of 30 September 2022.</p><p>The REIT is helmed by Temasek-owned Mapletree Investments Pte Ltd as its sponsor.</p><p>For its fiscal 2023’s first half (1H2023), the logistics REIT reported a 13% year on year increase in gross revenue to S$371.5 million, lifted by higher revenue from existing properties and accretive acquisitions.</p><p>Net property income (NPI) rose 12% year on year to S$323.2 million, while distribution per unit (DPU) edged up 4.2% year on year to S$0.04516.</p><p>MLT’s trailing 12-month distribution yield stands at 5.5%.</p><p>The REIT maintained a high portfolio occupancy rate of 96.4% with an average positive rental reversion of 3.5% for its latest quarter.</p><p>With an aggregate leverage of 37%, MLT has room to tap on debt for further yield-accretive acquisitions.</p><p>The REIT has also hedged 82% of its debt on fixed rates to guard against a sharp rise in finance costs.</p><h3><a href=\"https://laohu8.com/S/AJBU.SI\">Keppel DC REIT</a></h3><p>Keppel DC REIT is a data centre REIT with a portfolio of 23 data centres in nine countries worth S$3.6 billion as of 30 September 2022.</p><p>The REIT has a strong sponsor in blue-chip conglomerate Keppel Corporation Limited (SGX: BN4), which has more than S$2 billion worth of potential data centre assets that can be injected into the REIT.</p><p>Keppel DC REIT reported a respectable set of results for the first nine months of 2022 (9M2022).</p><p>Gross revenue inched up 0.7% year on year to S$205.9 million while NPI dipped 0.2% year on year to S$187.3 million.</p><p>DPU, however, improved by 3.4% year on year to S$0.07634 for 9M2022 because of a big jump in finance income from Keppel DC REIT’s investment in M1’s bonds and preference shares.</p><p>The REIT’s trailing 12-month distribution yield comes in at 5.5%.</p><h3><a href=\"https://laohu8.com/S/C38U.SI\">CapitaLand Integrated Commercial Trust</a></h3><p>CapitaLand Integrated Commercial Trust, or CICT, is a retail cum commercial REIT that owns 21 properties in Singapore, two in Germany, and three in Australia.</p><p>Total AUM stood at S$24.2 billion as of 31 December 2021.</p><p>CICT has a strong sponsor in property giant CapitaLand Investment Limited (SGX: 9CI).</p><p>The REIT reported a slight increase in its DPU for 1H2022, going from S$0.0518 to S$0.0522.</p><p>The trailing 12-month DPU came in at S$0.1044, giving the REIT’s units a trailing distribution yield of 5.1%.</p><p>CICT”s latest business update was encouraging, with 9M2022 gross revenue rising 8.9% year on year and NPI climbing by 8.4% year on year.</p><p>The REIT also has a low cost of debt at 2.5% with 80% of its loans on fixed rates, thus buffering against rising interest rates.</p><h3><a href=\"https://laohu8.com/S/BUOU.SI\">Frasers Logistics & Commercial Trust</a></h3><p>Frasers Logistics & Commercial Trust, or FLCT, owns a portfolio of 105 industrial and commercial properties in five countries with an AUM of S$6.7 billion as of 30 September 2022 (FY2022).</p><p>The REIT reported a downbeat set of earnings for FY2022, with revenue dipping by 4.1% year on year to S$450.2 million.</p><p>NPI fell by 3.7% year on year to S$342.1 million while DPU slipped by 0.8% year on year to S$0.0762.</p><p>FLCT’s units offer a trailing distribution yield of 6.5%.</p><p>That said, the REIT has a reputable sponsor in property developer Frasers Property Limited (SGX: TQ5).</p><p>It also boasts a high occupancy rate of 96.4% with a fairly well-spread-out lease expiry profile and adequate tenant diversification.</p><p>FLCT’s largest tenant takes up just 5% of its total gross rental income.</p><p>Furthermore, the REIT’s gearing level remains low at just 27.4%, providing it with a debt headroom of S$3.2 billion to conduct acquisitions to boost DPU.</p><p>Close to 82% of its debt is also locked into fixed rates, thereby protecting its distributable income from sharp downward falls.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>4 Resilient Singapore REITs with Dividend Yields Exceeding Your CPF Account</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n4 Resilient Singapore REITs with Dividend Yields Exceeding Your CPF Account\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-19 09:35 GMT+8 <a href=https://thesmartinvestor.com.sg/4-resilient-singapore-reits-with-dividend-yields-exceeding-your-cpf-account/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Central Provident Fund (CPF) scheme is an excellent way to build up your savings for retirement.Moreover, the CPF Ordinary Account (OA) balance earns a near risk-free interest rate of 2.5% on ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/4-resilient-singapore-reits-with-dividend-yields-exceeding-your-cpf-account/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C38U.SI":"凯德商用新加坡信托","BUOU.SI":"星狮物流工业信托","M44U.SI":"丰树物流信托"},"source_url":"https://thesmartinvestor.com.sg/4-resilient-singapore-reits-with-dividend-yields-exceeding-your-cpf-account/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107507999","content_text":"The Central Provident Fund (CPF) scheme is an excellent way to build up your savings for retirement.Moreover, the CPF Ordinary Account (OA) balance earns a near risk-free interest rate of 2.5% on balances there, with an additional 1% paid out for balances up to S$20,000.However, with core inflation rising to near 14-year highs of 5.1% in October, it’s necessary to make your money work harder for you.REITs are one asset class you can deploy your savings that pay regular and dependable dividends.And with an economic downturn looming, some of these REITs can also offer a safe harbour to weather the storm.Here are four resilient Singapore REITs with strong sponsors and distribution yields that are higher than the CPF OA interest rate.Mapletree Logistics TrustMapletree Logistics Trust, or MLT, owns a portfolio of 186 properties across eight countries with total assets under management (AUM) of S$12.9 billion as of 30 September 2022.The REIT is helmed by Temasek-owned Mapletree Investments Pte Ltd as its sponsor.For its fiscal 2023’s first half (1H2023), the logistics REIT reported a 13% year on year increase in gross revenue to S$371.5 million, lifted by higher revenue from existing properties and accretive acquisitions.Net property income (NPI) rose 12% year on year to S$323.2 million, while distribution per unit (DPU) edged up 4.2% year on year to S$0.04516.MLT’s trailing 12-month distribution yield stands at 5.5%.The REIT maintained a high portfolio occupancy rate of 96.4% with an average positive rental reversion of 3.5% for its latest quarter.With an aggregate leverage of 37%, MLT has room to tap on debt for further yield-accretive acquisitions.The REIT has also hedged 82% of its debt on fixed rates to guard against a sharp rise in finance costs.Keppel DC REITKeppel DC REIT is a data centre REIT with a portfolio of 23 data centres in nine countries worth S$3.6 billion as of 30 September 2022.The REIT has a strong sponsor in blue-chip conglomerate Keppel Corporation Limited (SGX: BN4), which has more than S$2 billion worth of potential data centre assets that can be injected into the REIT.Keppel DC REIT reported a respectable set of results for the first nine months of 2022 (9M2022).Gross revenue inched up 0.7% year on year to S$205.9 million while NPI dipped 0.2% year on year to S$187.3 million.DPU, however, improved by 3.4% year on year to S$0.07634 for 9M2022 because of a big jump in finance income from Keppel DC REIT’s investment in M1’s bonds and preference shares.The REIT’s trailing 12-month distribution yield comes in at 5.5%.CapitaLand Integrated Commercial TrustCapitaLand Integrated Commercial Trust, or CICT, is a retail cum commercial REIT that owns 21 properties in Singapore, two in Germany, and three in Australia.Total AUM stood at S$24.2 billion as of 31 December 2021.CICT has a strong sponsor in property giant CapitaLand Investment Limited (SGX: 9CI).The REIT reported a slight increase in its DPU for 1H2022, going from S$0.0518 to S$0.0522.The trailing 12-month DPU came in at S$0.1044, giving the REIT’s units a trailing distribution yield of 5.1%.CICT”s latest business update was encouraging, with 9M2022 gross revenue rising 8.9% year on year and NPI climbing by 8.4% year on year.The REIT also has a low cost of debt at 2.5% with 80% of its loans on fixed rates, thus buffering against rising interest rates.Frasers Logistics & Commercial TrustFrasers Logistics & Commercial Trust, or FLCT, owns a portfolio of 105 industrial and commercial properties in five countries with an AUM of S$6.7 billion as of 30 September 2022 (FY2022).The REIT reported a downbeat set of earnings for FY2022, with revenue dipping by 4.1% year on year to S$450.2 million.NPI fell by 3.7% year on year to S$342.1 million while DPU slipped by 0.8% year on year to S$0.0762.FLCT’s units offer a trailing distribution yield of 6.5%.That said, the REIT has a reputable sponsor in property developer Frasers Property Limited (SGX: TQ5).It also boasts a high occupancy rate of 96.4% with a fairly well-spread-out lease expiry profile and adequate tenant diversification.FLCT’s largest tenant takes up just 5% of its total gross rental income.Furthermore, the REIT’s gearing level remains low at just 27.4%, providing it with a debt headroom of S$3.2 billion to conduct acquisitions to boost DPU.Close to 82% of its debt is also locked into fixed rates, thereby protecting its distributable income from sharp downward falls.","news_type":1,"symbols_score_info":{"BUOU.SI":0.9,"C38U.SI":0.9,"M44U.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":3121,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9923452366,"gmtCreate":1670896692655,"gmtModify":1676538456031,"author":{"id":"3573203718015318","authorId":"3573203718015318","name":"JenneyJJ","avatar":"https://static.itradeup.com/news/b13adb37ca4f467841be761d65d844b5","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573203718015318","authorIdStr":"3573203718015318"},"themes":[],"htmlText":"🍎 Go Go Go!!!","listText":"🍎 Go Go Go!!!","text":"🍎 Go Go Go!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9923452366","repostId":"2290247378","repostType":4,"repost":{"id":"2290247378","kind":"highlight","pubTimestamp":1670834032,"share":"https://ttm.financial/m/news/2290247378?lang=&edition=fundamental","pubTime":"2022-12-12 16:33","market":"us","language":"en","title":"1 Green Flag for Apple Stock in 2022, and 1 Red Flag","url":"https://stock-news.laohu8.com/highlight/detail?id=2290247378","media":"Motley Fool","summary":"Apple's services business is booming; however, overreliance on China for its iPhone production could spell trouble.","content":"<div>\n<p>With a market cap of $2.26 trillion, Apple is the most valuable company in the world. Its dominance in the tech world has made it one of the best growth stocks, with its shares rising 227% in the last...</p>\n\n<a href=\"https://www.fool.com/investing/2022/12/11/green-flag-for-apple-stock-and-red-flag/\">Web Link</a>\n\n</div>\n","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>1 Green Flag for Apple Stock in 2022, and 1 Red Flag</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n1 Green Flag for Apple Stock in 2022, and 1 Red Flag\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-12 16:33 GMT+8 <a href=https://www.fool.com/investing/2022/12/11/green-flag-for-apple-stock-and-red-flag/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With a market cap of $2.26 trillion, Apple is the most valuable company in the world. Its dominance in the tech world has made it one of the best growth stocks, with its shares rising 227% in the last...</p>\n\n<a href=\"https://www.fool.com/investing/2022/12/11/green-flag-for-apple-stock-and-red-flag/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.fool.com/investing/2022/12/11/green-flag-for-apple-stock-and-red-flag/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2290247378","content_text":"With a market cap of $2.26 trillion, Apple is the most valuable company in the world. Its dominance in the tech world has made it one of the best growth stocks, with its shares rising 227% in the last five years despite a sell-off in 2022, which has pulled its stock down 22% year to date.There are numerous green flags for the iPhone manufacturer, with its walled garden of products capable of pulling consumers further into its ecosystem with just one purchase. However, its services business, including subscription-based platforms such as Apple Music, TV+, Fitness+, Arcade, News+, and iCloud, is especially promising for its long-term growth.Meanwhile, Apple's reliance on China for its iPhone production could present more short-term headwinds. Here's why.Green flag: Growing services businessApple's services business has quickly become its second-biggest segment, earning 19.8% of the company's revenue in its fiscal 2022 (which ended in September). Throughout the year, services revenue increased 14% year over year to $78.1 billion.The most attractive aspect of Apple's services business is its considerable profit margins. In fiscal 2022, the company's gross profit margin for its services stood at 71.7%, while the same metric for its products came in at 36.3%. Gross margins in services have also grown over the last three years, with the segment reporting 69.7% in 2021 and 66% in 2020.In its products business, Apple accrues an operating expense for each device made, from the materials and labor involved. However, with services, the company can pay once for a piece of content and sell it millions of times over to consumers worldwide. And adding a monthly subscription for consumers to access that content benefits margins further.In October, Apple introduced price hikes across all of its services, with Apple TV+ specifically rising 40% from $4.99 to $6.99 per month. With 2023 just around the corner, services revenue is likely to increase over the next year as Apple products continue to grow in popularity and consumers are attracted to all of the offerings associated with them.Red flag: Production strains for its cash cowIn Apple's fiscal 2022, its iPhone segment earned $205.5 billion, making up 52% of its total revenue. As a result, when news broke at the end of October that an outbreak of COVID-19 cases in China had prompted the government to introduce strict lockdowns, Apple's stock began to slide as investors grew concerned over potential issues with iPhone production. From Oct. 28 to Nov. 9, the company's shares dipped 13.4%.On Oct. 31, Reuters reported that Foxconn -- also known as Hon Hai Technology Group, which manufactures about 70% of all iPhones -- could see a 30% decline in iPhone production amid the lockdowns. While lockdown measures in China allow factories like Foxconn to remain active, workers must live at the plants to continue working, understandably leading to pushback from employees.Foxconn said it coordinated backup production with other plants to reduce the impact. However, that has done little to quell investor concern about Apple's overreliance on China to produce its biggest earner.Apple has recently made moves to relocate portions of its iPhone production to India; JPMorgan Chase estimates the tech giant will move about 5% of iPhone 14 manufacturing to the country by the end of 2022, and 25% of all of its products by 2025.China's zero-COVID policy seems to have been the last straw for Apple as it begins to improve its supply chain. However, shifting countries won't come quickly. Wedbush analyst Daniel Ives estimates it will take until 2025 or 2026 for Apple to relocate 50% of its iPhone production to India or Vietnam, if it takes an aggressive approach.Apple may suffer temporary headwinds from a troubling supply chain; however, its stock remains a buy for the long term. The company ended Sept. 30 with $111.4 billion in free cash flow, proving it has the means to invest heavily in altering its production strategy. Given that it's the home of a quickly growing services business and some of the world's most in-demand products, I wouldn't bet against Apple's long-term prospects.","news_type":1,"symbols_score_info":{"AAPL":1}},"isVote":1,"tweetType":1,"viewCount":2390,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9923456469,"gmtCreate":1670896635352,"gmtModify":1676538456004,"author":{"id":"3573203718015318","authorId":"3573203718015318","name":"JenneyJJ","avatar":"https://static.itradeup.com/news/b13adb37ca4f467841be761d65d844b5","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573203718015318","authorIdStr":"3573203718015318"},"themes":[],"htmlText":"Ok, noted. Thanks!","listText":"Ok, noted. Thanks!","text":"Ok, noted. Thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9923456469","repostId":"1162545779","repostType":4,"repost":{"id":"1162545779","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1670892696,"share":"https://ttm.financial/m/news/1162545779?lang=&edition=fundamental","pubTime":"2022-12-13 08:51","market":"sg","language":"en","title":"Singapore Stocks to Watch: CapitaLand India Trust, SIA, Soilbuild","url":"https://stock-news.laohu8.com/highlight/detail?id=1162545779","media":"Tiger Newspress","summary":"THE following companies saw new developments that may affect trading of their securities on Tuesday ","content":"<html><head></head><body><p>THE following companies saw new developments that may affect trading of their securities on Tuesday (Dec 13):</p><p><b>CapitaLand India Trust (CY6U):</b> CapitaLand India Trust (CLINT), through its subsidiary Minerva Veritas Data Centre Private Limited, is acquiring a 4.01-acre freehold site in Ambattur, Chennai, to develop its third data centre in India.</p><p>The REIT’s trustee-manager will invest an estimated total of INR19.4 billion ($328.8 million) to acquire the site and develop a greenfield data centre project in phases over the next four to five years.</p><p>The land is expected to be acquired by December for a consideration of INR832.8 million.</p><p><b>Singapore Airlines</b><b> (</b><b>C6L</b><b>): </b>Singapore Airlines (SIA) will adjust the conversion price of its 1.625 per cent convertible bonds due 2025, from S$5.743 to S$5.6309, the company announced in a Monday (Dec 12) bourse filing.</p><p>The national carrier will also adjust the conversion price of its zero-coupon mandatory convertible bonds (MCBs) due 2030, from S$4.84 to S$4.7453.</p><p>Both adjustments account for the interim dividend of S$0.10 per share that the company announced last month for the half year ended Sep 30. The adjusted conversion prices will take effect from Dec 13.</p><p><b>Soilbuild (S7P):</b> Soilbuild Construction Group : S7P 0%has clinched S$140.4 million in new contracts, bringing its total order book to S$492.7 million as at end-October, the company announced in a Monday (Dec 12) bourse filing.</p><p>The company’s S$492.7 million order book comprises S$384.6 million in construction projects and S$108.1 million in precast supply and delivery projects.</p><p>SB Procurement, a wholly-owned unit of Soilbuild, has been awarded a contract by the Housing and Development Board for building works at Toa Payoh Neighbourhood 1. The project involves two residential blocks, a multi-storey carpark and a community club. It is scheduled to start in Q4 this year and is set to be completed by Q2 of 2027.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Stocks to Watch: CapitaLand India Trust, SIA, Soilbuild</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Stocks to Watch: CapitaLand India Trust, SIA, Soilbuild\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-12-13 08:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>THE following companies saw new developments that may affect trading of their securities on Tuesday (Dec 13):</p><p><b>CapitaLand India Trust (CY6U):</b> CapitaLand India Trust (CLINT), through its subsidiary Minerva Veritas Data Centre Private Limited, is acquiring a 4.01-acre freehold site in Ambattur, Chennai, to develop its third data centre in India.</p><p>The REIT’s trustee-manager will invest an estimated total of INR19.4 billion ($328.8 million) to acquire the site and develop a greenfield data centre project in phases over the next four to five years.</p><p>The land is expected to be acquired by December for a consideration of INR832.8 million.</p><p><b>Singapore Airlines</b><b> (</b><b>C6L</b><b>): </b>Singapore Airlines (SIA) will adjust the conversion price of its 1.625 per cent convertible bonds due 2025, from S$5.743 to S$5.6309, the company announced in a Monday (Dec 12) bourse filing.</p><p>The national carrier will also adjust the conversion price of its zero-coupon mandatory convertible bonds (MCBs) due 2030, from S$4.84 to S$4.7453.</p><p>Both adjustments account for the interim dividend of S$0.10 per share that the company announced last month for the half year ended Sep 30. The adjusted conversion prices will take effect from Dec 13.</p><p><b>Soilbuild (S7P):</b> Soilbuild Construction Group : S7P 0%has clinched S$140.4 million in new contracts, bringing its total order book to S$492.7 million as at end-October, the company announced in a Monday (Dec 12) bourse filing.</p><p>The company’s S$492.7 million order book comprises S$384.6 million in construction projects and S$108.1 million in precast supply and delivery projects.</p><p>SB Procurement, a wholly-owned unit of Soilbuild, has been awarded a contract by the Housing and Development Board for building works at Toa Payoh Neighbourhood 1. The project involves two residential blocks, a multi-storey carpark and a community club. It is scheduled to start in Q4 this year and is set to be completed by Q2 of 2027.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CY6U.SI":"凯德印度信托","C6L.SI":"新加坡航空公司"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162545779","content_text":"THE following companies saw new developments that may affect trading of their securities on Tuesday (Dec 13):CapitaLand India Trust (CY6U): CapitaLand India Trust (CLINT), through its subsidiary Minerva Veritas Data Centre Private Limited, is acquiring a 4.01-acre freehold site in Ambattur, Chennai, to develop its third data centre in India.The REIT’s trustee-manager will invest an estimated total of INR19.4 billion ($328.8 million) to acquire the site and develop a greenfield data centre project in phases over the next four to five years.The land is expected to be acquired by December for a consideration of INR832.8 million.Singapore Airlines (C6L): Singapore Airlines (SIA) will adjust the conversion price of its 1.625 per cent convertible bonds due 2025, from S$5.743 to S$5.6309, the company announced in a Monday (Dec 12) bourse filing.The national carrier will also adjust the conversion price of its zero-coupon mandatory convertible bonds (MCBs) due 2030, from S$4.84 to S$4.7453.Both adjustments account for the interim dividend of S$0.10 per share that the company announced last month for the half year ended Sep 30. The adjusted conversion prices will take effect from Dec 13.Soilbuild (S7P): Soilbuild Construction Group : S7P 0%has clinched S$140.4 million in new contracts, bringing its total order book to S$492.7 million as at end-October, the company announced in a Monday (Dec 12) bourse filing.The company’s S$492.7 million order book comprises S$384.6 million in construction projects and S$108.1 million in precast supply and delivery projects.SB Procurement, a wholly-owned unit of Soilbuild, has been awarded a contract by the Housing and Development Board for building works at Toa Payoh Neighbourhood 1. The project involves two residential blocks, a multi-storey carpark and a community club. It is scheduled to start in Q4 this year and is set to be completed by Q2 of 2027.","news_type":1,"symbols_score_info":{"S7P.SI":0.9,"CY6U.SI":0.9,"C6L.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":2444,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965921472,"gmtCreate":1669876924297,"gmtModify":1676538261858,"author":{"id":"3573203718015318","authorId":"3573203718015318","name":"JenneyJJ","avatar":"https://static.itradeup.com/news/b13adb37ca4f467841be761d65d844b5","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573203718015318","authorIdStr":"3573203718015318"},"themes":[],"htmlText":"👏🏻👏🏻🎉","listText":"👏🏻👏🏻🎉","text":"👏🏻👏🏻🎉","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9965921472","repostId":"1167622783","repostType":4,"isVote":1,"tweetType":1,"viewCount":3043,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9969607627,"gmtCreate":1668418794570,"gmtModify":1676538053616,"author":{"id":"3573203718015318","authorId":"3573203718015318","name":"JenneyJJ","avatar":"https://static.itradeup.com/news/b13adb37ca4f467841be761d65d844b5","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573203718015318","authorIdStr":"3573203718015318"},"themes":[],"htmlText":"BBQ le.....","listText":"BBQ le.....","text":"BBQ le.....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9969607627","repostId":"2283144175","repostType":4,"repost":{"id":"2283144175","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1668383535,"share":"https://ttm.financial/m/news/2283144175?lang=&edition=fundamental","pubTime":"2022-11-14 07:52","market":"us","language":"en","title":"At Least $1 Billion of Client Funds Missing at Failed Crypto Firm FTX","url":"https://stock-news.laohu8.com/highlight/detail?id=2283144175","media":"Reuters","summary":"FTX founder Bankman-Fried secretly moved $10 billion in funds to trading firm Alameda - sourcesBankm","content":"<html><head></head><body><ul><li>FTX founder Bankman-Fried secretly moved $10 billion in funds to trading firm Alameda - sources</li><li>Bankman-Fried showed spreadsheets to colleagues that revealed shift in funds to Alameda - sources</li><li>Spreadsheets indicated between $1 billion and $2 billion in client money is unaccounted for – sources</li><li>Executives set up book-keeping "back door" that thwarted red flags - sources</li><li>Whereabouts of missing funds is unknown - sources</li></ul><p>(Reuters) - At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter.</p><p>The exchange's founder Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to Bankman-Fried's trading company Alameda Research, the people told Reuters.</p><p>A large portion of that total has since disappeared, they said. One source put the missing amount at about $1.7 billion. The other said the gap was between $1 billion and $2 billion.</p><p>While it is known that FTX moved customer funds to Alameda, the missing funds are reported here for the first time.</p><p>The financial hole was revealed in records that Bankman-Fried shared with other senior executives last Sunday, according to the two sources. The records provided an up-to-date account of the situation at the time, they said. Both sources held senior FTX positions until this week and said they were briefed on the company's finances by top staff.</p><p>Bahamas-based FTX filed for bankruptcy on Friday after a rush of customer withdrawals earlier this week. A rescue deal with rival exchange Binance fell through, precipitating crypto’s highest-profile collapse in recent years.</p><p>In text messages to Reuters, Bankman-Fried said he "disagreed with the characterization" of the $10 billion transfer.</p><p>"We didn't secretly transfer," he said. "We had confusing internal labeling and misread it," he added, without elaborating.</p><p>Asked about the missing funds, Bankman-Fried responded: "???"</p><p>FTX and Alameda did not respond to requests for comment.</p><p>In a tweet on Friday, Bankman-Fried said he was "piecing together" what had happened at FTX. "I was shocked to see things unravel the way they did earlier this week," he wrote. "I will, soon, write up a more complete post on the play by play."</p><p>At the heart of FTX's problems were losses at Alameda that most FTX executives did not know about, Reuters has previously reported.</p><p>Customer withdrawals had surged last Sunday after Changpeng Zhao, CEO of giant crypto exchange Binance, said Binance would sell its entire stake in FTX's digital token, worth at least $580 million, "due to recent revelations." Four days before, news outlet CoinDesk reported that much of Alameda's $14.6 billion in assets were held in the token.</p><p>That Sunday, Bankman-Fried held a meeting with several executives in the Bahamas capital Nassau to calculate how much outside funding he needed to cover FTX's shortfall, the two people with knowledge of FTX's finances said.</p><p>Bankman-Fried confirmed to Reuters that the meeting took place.</p><p>Bankman-Fried showed several spreadsheets to the heads of the company's regulatory and legal teams that revealed FTX had moved around $10 billion in client funds from FTX to Alameda, the two people said. The spreadsheets displayed how much money FTX loaned to Alameda and what it was used for, they said.</p><p>The documents showed that between $1 billion and $2 billion of these funds were not accounted for among Alameda's assets, the sources said. The spreadsheets did not indicate where this money was moved, and the sources said they don't know what became of it.</p><p>In a subsequent examination, FTX legal and finance teams also learned that Bankman-Fried implemented what the two people described as a "backdoor" in FTX's book-keeping system, which was built using bespoke software.</p><p>They said the "backdoor" allowed Bankman-Fried to execute commands that could alter the company's financial records without alerting other people, including external auditors. This set-up meant that the movement of the $10 billion in funds to Alameda did not trigger internal compliance or accounting red flags at FTX, they said.</p><p>In his text message to Reuters, Bankman-Fried denied implementing a "backdoor".</p><p>The U.S. Securities and Exchange Commission is investigating FTX.com's handling of customer funds, as well its crypto-lending activities, a source with knowledge of the inquiry told Reuters on Wednesday. The Department of Justice and the Commodity Futures Trading Commission are also investigating, the source said.</p><p>FTX's bankruptcy marked a stunning reversal for Bankman-Fried. The 30-year-old had set up FTX in 2019 and led it to become <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the largest crypto exchanges, accumulating a personal fortune estimated at nearly $17 billion. FTX was valued in January at $32 billion, with investors including SoftBank and BlackRock.</p><p>The crisis has sent reverberations through the crypto world, with the price of major coins plummeting. And FTX's collapse is drawing comparisons to earlier major business meltdowns.</p><p>On Friday, FTX said it had turned over control of the company to John J. Ray III, the restructuring specialist who handled the liquidation of Enron Corp – one of the largest bankruptcies in history.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>At Least $1 Billion of Client Funds Missing at Failed Crypto Firm FTX</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAt Least $1 Billion of Client Funds Missing at Failed Crypto Firm FTX\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-11-14 07:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>FTX founder Bankman-Fried secretly moved $10 billion in funds to trading firm Alameda - sources</li><li>Bankman-Fried showed spreadsheets to colleagues that revealed shift in funds to Alameda - sources</li><li>Spreadsheets indicated between $1 billion and $2 billion in client money is unaccounted for – sources</li><li>Executives set up book-keeping "back door" that thwarted red flags - sources</li><li>Whereabouts of missing funds is unknown - sources</li></ul><p>(Reuters) - At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter.</p><p>The exchange's founder Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to Bankman-Fried's trading company Alameda Research, the people told Reuters.</p><p>A large portion of that total has since disappeared, they said. One source put the missing amount at about $1.7 billion. The other said the gap was between $1 billion and $2 billion.</p><p>While it is known that FTX moved customer funds to Alameda, the missing funds are reported here for the first time.</p><p>The financial hole was revealed in records that Bankman-Fried shared with other senior executives last Sunday, according to the two sources. The records provided an up-to-date account of the situation at the time, they said. Both sources held senior FTX positions until this week and said they were briefed on the company's finances by top staff.</p><p>Bahamas-based FTX filed for bankruptcy on Friday after a rush of customer withdrawals earlier this week. A rescue deal with rival exchange Binance fell through, precipitating crypto’s highest-profile collapse in recent years.</p><p>In text messages to Reuters, Bankman-Fried said he "disagreed with the characterization" of the $10 billion transfer.</p><p>"We didn't secretly transfer," he said. "We had confusing internal labeling and misread it," he added, without elaborating.</p><p>Asked about the missing funds, Bankman-Fried responded: "???"</p><p>FTX and Alameda did not respond to requests for comment.</p><p>In a tweet on Friday, Bankman-Fried said he was "piecing together" what had happened at FTX. "I was shocked to see things unravel the way they did earlier this week," he wrote. "I will, soon, write up a more complete post on the play by play."</p><p>At the heart of FTX's problems were losses at Alameda that most FTX executives did not know about, Reuters has previously reported.</p><p>Customer withdrawals had surged last Sunday after Changpeng Zhao, CEO of giant crypto exchange Binance, said Binance would sell its entire stake in FTX's digital token, worth at least $580 million, "due to recent revelations." Four days before, news outlet CoinDesk reported that much of Alameda's $14.6 billion in assets were held in the token.</p><p>That Sunday, Bankman-Fried held a meeting with several executives in the Bahamas capital Nassau to calculate how much outside funding he needed to cover FTX's shortfall, the two people with knowledge of FTX's finances said.</p><p>Bankman-Fried confirmed to Reuters that the meeting took place.</p><p>Bankman-Fried showed several spreadsheets to the heads of the company's regulatory and legal teams that revealed FTX had moved around $10 billion in client funds from FTX to Alameda, the two people said. The spreadsheets displayed how much money FTX loaned to Alameda and what it was used for, they said.</p><p>The documents showed that between $1 billion and $2 billion of these funds were not accounted for among Alameda's assets, the sources said. The spreadsheets did not indicate where this money was moved, and the sources said they don't know what became of it.</p><p>In a subsequent examination, FTX legal and finance teams also learned that Bankman-Fried implemented what the two people described as a "backdoor" in FTX's book-keeping system, which was built using bespoke software.</p><p>They said the "backdoor" allowed Bankman-Fried to execute commands that could alter the company's financial records without alerting other people, including external auditors. This set-up meant that the movement of the $10 billion in funds to Alameda did not trigger internal compliance or accounting red flags at FTX, they said.</p><p>In his text message to Reuters, Bankman-Fried denied implementing a "backdoor".</p><p>The U.S. Securities and Exchange Commission is investigating FTX.com's handling of customer funds, as well its crypto-lending activities, a source with knowledge of the inquiry told Reuters on Wednesday. The Department of Justice and the Commodity Futures Trading Commission are also investigating, the source said.</p><p>FTX's bankruptcy marked a stunning reversal for Bankman-Fried. The 30-year-old had set up FTX in 2019 and led it to become <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the largest crypto exchanges, accumulating a personal fortune estimated at nearly $17 billion. FTX was valued in January at $32 billion, with investors including SoftBank and BlackRock.</p><p>The crisis has sent reverberations through the crypto world, with the price of major coins plummeting. And FTX's collapse is drawing comparisons to earlier major business meltdowns.</p><p>On Friday, FTX said it had turned over control of the company to John J. Ray III, the restructuring specialist who handled the liquidation of Enron Corp – one of the largest bankruptcies in history.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"比特币ETF-Grayscale"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2283144175","content_text":"FTX founder Bankman-Fried secretly moved $10 billion in funds to trading firm Alameda - sourcesBankman-Fried showed spreadsheets to colleagues that revealed shift in funds to Alameda - sourcesSpreadsheets indicated between $1 billion and $2 billion in client money is unaccounted for – sourcesExecutives set up book-keeping \"back door\" that thwarted red flags - sourcesWhereabouts of missing funds is unknown - sources(Reuters) - At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter.The exchange's founder Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to Bankman-Fried's trading company Alameda Research, the people told Reuters.A large portion of that total has since disappeared, they said. One source put the missing amount at about $1.7 billion. The other said the gap was between $1 billion and $2 billion.While it is known that FTX moved customer funds to Alameda, the missing funds are reported here for the first time.The financial hole was revealed in records that Bankman-Fried shared with other senior executives last Sunday, according to the two sources. The records provided an up-to-date account of the situation at the time, they said. Both sources held senior FTX positions until this week and said they were briefed on the company's finances by top staff.Bahamas-based FTX filed for bankruptcy on Friday after a rush of customer withdrawals earlier this week. A rescue deal with rival exchange Binance fell through, precipitating crypto’s highest-profile collapse in recent years.In text messages to Reuters, Bankman-Fried said he \"disagreed with the characterization\" of the $10 billion transfer.\"We didn't secretly transfer,\" he said. \"We had confusing internal labeling and misread it,\" he added, without elaborating.Asked about the missing funds, Bankman-Fried responded: \"???\"FTX and Alameda did not respond to requests for comment.In a tweet on Friday, Bankman-Fried said he was \"piecing together\" what had happened at FTX. \"I was shocked to see things unravel the way they did earlier this week,\" he wrote. \"I will, soon, write up a more complete post on the play by play.\"At the heart of FTX's problems were losses at Alameda that most FTX executives did not know about, Reuters has previously reported.Customer withdrawals had surged last Sunday after Changpeng Zhao, CEO of giant crypto exchange Binance, said Binance would sell its entire stake in FTX's digital token, worth at least $580 million, \"due to recent revelations.\" Four days before, news outlet CoinDesk reported that much of Alameda's $14.6 billion in assets were held in the token.That Sunday, Bankman-Fried held a meeting with several executives in the Bahamas capital Nassau to calculate how much outside funding he needed to cover FTX's shortfall, the two people with knowledge of FTX's finances said.Bankman-Fried confirmed to Reuters that the meeting took place.Bankman-Fried showed several spreadsheets to the heads of the company's regulatory and legal teams that revealed FTX had moved around $10 billion in client funds from FTX to Alameda, the two people said. The spreadsheets displayed how much money FTX loaned to Alameda and what it was used for, they said.The documents showed that between $1 billion and $2 billion of these funds were not accounted for among Alameda's assets, the sources said. The spreadsheets did not indicate where this money was moved, and the sources said they don't know what became of it.In a subsequent examination, FTX legal and finance teams also learned that Bankman-Fried implemented what the two people described as a \"backdoor\" in FTX's book-keeping system, which was built using bespoke software.They said the \"backdoor\" allowed Bankman-Fried to execute commands that could alter the company's financial records without alerting other people, including external auditors. This set-up meant that the movement of the $10 billion in funds to Alameda did not trigger internal compliance or accounting red flags at FTX, they said.In his text message to Reuters, Bankman-Fried denied implementing a \"backdoor\".The U.S. Securities and Exchange Commission is investigating FTX.com's handling of customer funds, as well its crypto-lending activities, a source with knowledge of the inquiry told Reuters on Wednesday. The Department of Justice and the Commodity Futures Trading Commission are also investigating, the source said.FTX's bankruptcy marked a stunning reversal for Bankman-Fried. The 30-year-old had set up FTX in 2019 and led it to become one of the largest crypto exchanges, accumulating a personal fortune estimated at nearly $17 billion. FTX was valued in January at $32 billion, with investors including SoftBank and BlackRock.The crisis has sent reverberations through the crypto world, with the price of major coins plummeting. And FTX's collapse is drawing comparisons to earlier major business meltdowns.On Friday, FTX said it had turned over control of the company to John J. Ray III, the restructuring specialist who handled the liquidation of Enron Corp – one of the largest bankruptcies in history.","news_type":1,"symbols_score_info":{"GBTC":0.9}},"isVote":1,"tweetType":1,"viewCount":3245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9960875656,"gmtCreate":1668130734475,"gmtModify":1676538017651,"author":{"id":"3573203718015318","authorId":"3573203718015318","name":"JenneyJJ","avatar":"https://static.itradeup.com/news/b13adb37ca4f467841be761d65d844b5","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573203718015318","authorIdStr":"3573203718015318"},"themes":[],"htmlText":"Niceeee!","listText":"Niceeee!","text":"Niceeee!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9960875656","repostId":"1182162772","repostType":4,"repost":{"id":"1182162772","kind":"news","pubTimestamp":1668125338,"share":"https://ttm.financial/m/news/1182162772?lang=&edition=fundamental","pubTime":"2022-11-11 08:08","market":"sg","language":"en","title":"Singapore Bourse May Crack Resistance At 3,200 Points","url":"https://stock-news.laohu8.com/highlight/detail?id=1182162772","media":"RTTNews","summary":"The Singapore stock market has climbed higher in five straight sessions, improving more than 70 poin","content":"<html><head></head><body><p>The Singapore stock market has climbed higher in five straight sessions, improving more than 70 points or 2.4 percent along the way. The Straits Times Index now rests just beneath the 3,175-point plateau and it's expected to extend its winning streak on Friday.</p><p>The global forecast for the Asian markets is upbeat on encouraging inflation data and an improved outlook for interest rates. The European and U.S. markets were sharply higher and the Asian bourses are tipped to follow suit.</p><p>The STI finished slightly higher on Thursday following mixed performances from the financials, properties and industrials.</p><p>For the day, the index added 7.68 points or 0.24 percent to finish at 3,173.18 after trading between 3,152.49 and 3,180.57. Volume was 1.57 billion shares worth 1.13 billion Singapore dollars. There were 257 gainers and 251 decliners.</p><p>Among the actives, Ascendas REIT gained 0.39 percent, while City Developments tumbled 1.79 percent, DBS Group lost 0.37 percent, Genting Singapore improved 0.62 percent, Hongkong Land sank 0.48 percent, Keppel Corp rose 0.28 percent, Mapletree Pan Asia Commercial Trust slumped 0.63 percent, Mapletree Logistics Trust climbed 0.67 percent, Oversea-Chinese Banking Corporation eased 0.08 percent, SATS plummeted 6.25 percent, Singapore Technologies Engineering added 0.60 percent, SingTel surged 3.14 percent, United Overseas Bank collected 0.24 percent, Wilmar International fell 025 percent, Yangzijiang Financial retreated 1.47 percent and Yangzijiang Shipbuilding, CapitaLand Integrated Commercial Trust, CapitaLand Investment, SembCorp Industries, Thai Beverage, Mapletree Industrial Trust, Emperador and Comfort DelGro were unchanged.</p><p>The lead from Wall Street is broadly positive as the major averages saw their best performance in two years, opening sharply higher Thursday and continuing to accelerate as the day progressed, ending near session highs.</p><p>The Dow skyrocketed 1,201.43 points or 3.70 percent to finish at 33,715.37, while the NASDAQ exploded for 760.97 points or 7.35 percent to close at 11,114.15 and the S&P 500 surged 207.80 points or 5.54 percent to end at 3,956.37.</p><p>The rally on Wall Street followed the release of a report from the Labor Department showing a smaller than expected monthly increase in consumer prices and a bigger than expected slowdown in the annual rate of price growth.</p><p>The data suggests the Federal Reserve's efforts to contain inflation are having an effect, reinforcing recent optimism the central bank will slow the pace of interest rate hikes as early as next month.</p><p>Crude oil prices climbed higher on Thursday, rebounding after three straight days of losses as the dollar fell on the better than expected U.S. inflation data. West Texas Intermediate Crude oil futures for December ended higher by $0.64 or 0.8 percent at $86.47 a barrel.</p></body></html>","source":"lsy1626938412129","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Bourse May Crack Resistance At 3,200 Points</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Bourse May Crack Resistance At 3,200 Points\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-11 08:08 GMT+8 <a href=https://www.rttnews.com/3325219/singapore-bourse-may-crack-resistance-at-3200-points.aspx?type=acom><strong>RTTNews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Singapore stock market has climbed higher in five straight sessions, improving more than 70 points or 2.4 percent along the way. The Straits Times Index now rests just beneath the 3,175-point ...</p>\n\n<a href=\"https://www.rttnews.com/3325219/singapore-bourse-may-crack-resistance-at-3200-points.aspx?type=acom\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.rttnews.com/3325219/singapore-bourse-may-crack-resistance-at-3200-points.aspx?type=acom","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182162772","content_text":"The Singapore stock market has climbed higher in five straight sessions, improving more than 70 points or 2.4 percent along the way. The Straits Times Index now rests just beneath the 3,175-point plateau and it's expected to extend its winning streak on Friday.The global forecast for the Asian markets is upbeat on encouraging inflation data and an improved outlook for interest rates. The European and U.S. markets were sharply higher and the Asian bourses are tipped to follow suit.The STI finished slightly higher on Thursday following mixed performances from the financials, properties and industrials.For the day, the index added 7.68 points or 0.24 percent to finish at 3,173.18 after trading between 3,152.49 and 3,180.57. Volume was 1.57 billion shares worth 1.13 billion Singapore dollars. There were 257 gainers and 251 decliners.Among the actives, Ascendas REIT gained 0.39 percent, while City Developments tumbled 1.79 percent, DBS Group lost 0.37 percent, Genting Singapore improved 0.62 percent, Hongkong Land sank 0.48 percent, Keppel Corp rose 0.28 percent, Mapletree Pan Asia Commercial Trust slumped 0.63 percent, Mapletree Logistics Trust climbed 0.67 percent, Oversea-Chinese Banking Corporation eased 0.08 percent, SATS plummeted 6.25 percent, Singapore Technologies Engineering added 0.60 percent, SingTel surged 3.14 percent, United Overseas Bank collected 0.24 percent, Wilmar International fell 025 percent, Yangzijiang Financial retreated 1.47 percent and Yangzijiang Shipbuilding, CapitaLand Integrated Commercial Trust, CapitaLand Investment, SembCorp Industries, Thai Beverage, Mapletree Industrial Trust, Emperador and Comfort DelGro were unchanged.The lead from Wall Street is broadly positive as the major averages saw their best performance in two years, opening sharply higher Thursday and continuing to accelerate as the day progressed, ending near session highs.The Dow skyrocketed 1,201.43 points or 3.70 percent to finish at 33,715.37, while the NASDAQ exploded for 760.97 points or 7.35 percent to close at 11,114.15 and the S&P 500 surged 207.80 points or 5.54 percent to end at 3,956.37.The rally on Wall Street followed the release of a report from the Labor Department showing a smaller than expected monthly increase in consumer prices and a bigger than expected slowdown in the annual rate of price growth.The data suggests the Federal Reserve's efforts to contain inflation are having an effect, reinforcing recent optimism the central bank will slow the pace of interest rate hikes as early as next month.Crude oil prices climbed higher on Thursday, rebounding after three straight days of losses as the dollar fell on the better than expected U.S. inflation data. West Texas Intermediate Crude oil futures for December ended higher by $0.64 or 0.8 percent at $86.47 a barrel.","news_type":1,"symbols_score_info":{"STI.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":3734,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9960875017,"gmtCreate":1668130681939,"gmtModify":1676538017642,"author":{"id":"3573203718015318","authorId":"3573203718015318","name":"JenneyJJ","avatar":"https://static.itradeup.com/news/b13adb37ca4f467841be761d65d844b5","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573203718015318","authorIdStr":"3573203718015318"},"themes":[],"htmlText":"👍🏻👏🏻🎉","listText":"👍🏻👏🏻🎉","text":"👍🏻👏🏻🎉","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9960875017","repostId":"1155930233","repostType":4,"repost":{"id":"1155930233","kind":"news","pubTimestamp":1668121157,"share":"https://ttm.financial/m/news/1155930233?lang=&edition=fundamental","pubTime":"2022-11-11 06:59","market":"us","language":"en","title":"Apple’s $191 Billion Single-Day Surge Sets Stock-Market Record","url":"https://stock-news.laohu8.com/highlight/detail?id=1155930233","media":"Bloomberg","summary":"Apple Inc.’s surge Thursday was one for the record books.The world’s most valuable company added $19","content":"<div>\n<p>Apple Inc.’s surge Thursday was one for the record books.The world’s most valuable company added $190.9 billion in market value, the most ever by a US-listed company, as softer-than-expected inflation...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-11-10/apple-s-191-billion-single-day-surge-sets-stock-market-record?srnd=markets-vp\">Web Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple’s $191 Billion Single-Day Surge Sets Stock-Market Record</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple’s $191 Billion Single-Day Surge Sets Stock-Market Record\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-11 06:59 GMT+8 <a href=https://www.bloomberg.com/news/articles/2022-11-10/apple-s-191-billion-single-day-surge-sets-stock-market-record?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple Inc.’s surge Thursday was one for the record books.The world’s most valuable company added $190.9 billion in market value, the most ever by a US-listed company, as softer-than-expected inflation...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-11-10/apple-s-191-billion-single-day-surge-sets-stock-market-record?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.bloomberg.com/news/articles/2022-11-10/apple-s-191-billion-single-day-surge-sets-stock-market-record?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155930233","content_text":"Apple Inc.’s surge Thursday was one for the record books.The world’s most valuable company added $190.9 billion in market value, the most ever by a US-listed company, as softer-than-expected inflation data buoyed equity markets across the board. The jump eclipsed Amazon.com Inc.’s $190.8 billion gain in February, according to data compiled by Bloomberg.Apple, which after Thursday’s 8.9% jump has a market capitalization of $2.34 trillion, now accounts for four out of the top five biggest daily gains. The stock remains down 17% this year.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":3282,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3579095725705542","authorId":"3579095725705542","name":"Louis7779","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"idStr":"3579095725705542","authorIdStr":"3579095725705542"},"content":"Pls like my post thanks","text":"Pls like my post thanks","html":"Pls like my post thanks"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9960872463,"gmtCreate":1668130658753,"gmtModify":1676538017626,"author":{"id":"3573203718015318","authorId":"3573203718015318","name":"JenneyJJ","avatar":"https://static.itradeup.com/news/b13adb37ca4f467841be761d65d844b5","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573203718015318","authorIdStr":"3573203718015318"},"themes":[],"htmlText":"👍🏻👏🏻👏🏻","listText":"👍🏻👏🏻👏🏻","text":"👍🏻👏🏻👏🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9960872463","repostId":"1122915998","repostType":4,"repost":{"id":"1122915998","kind":"news","pubTimestamp":1668118907,"share":"https://ttm.financial/m/news/1122915998?lang=&edition=fundamental","pubTime":"2022-11-11 06:21","market":"us","language":"en","title":"Amazon Surges the Most Since February on Cost-Cutting Review","url":"https://stock-news.laohu8.com/highlight/detail?id=1122915998","media":"Bloomberg","summary":"E-commerce giant already has paused hiring companywidePositive inflation data also helps lift Amazon","content":"<div>\n<p>E-commerce giant already has paused hiring companywidePositive inflation data also helps lift Amazon’s sharesAndy JassyPhotographer: David Ryder/BloombergAmazon.com Inc. shares gained 12% on news that...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-11-10/amazon-gains-on-report-that-ceo-has-launched-cost-cutting-review?srnd=markets-vp\">Web Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Surges the Most Since February on Cost-Cutting Review</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Surges the Most Since February on Cost-Cutting Review\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-11 06:21 GMT+8 <a href=https://www.bloomberg.com/news/articles/2022-11-10/amazon-gains-on-report-that-ceo-has-launched-cost-cutting-review?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>E-commerce giant already has paused hiring companywidePositive inflation data also helps lift Amazon’s sharesAndy JassyPhotographer: David Ryder/BloombergAmazon.com Inc. shares gained 12% on news that...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-11-10/amazon-gains-on-report-that-ceo-has-launched-cost-cutting-review?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.bloomberg.com/news/articles/2022-11-10/amazon-gains-on-report-that-ceo-has-launched-cost-cutting-review?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122915998","content_text":"E-commerce giant already has paused hiring companywidePositive inflation data also helps lift Amazon’s sharesAndy JassyPhotographer: David Ryder/BloombergAmazon.com Inc. shares gained 12% on news that Chief Executive Officer Andy Jassy has embarked on a review of expenses, part of broader efforts to streamline the world’s largest e-commerce company.Amazon said in a statement to Bloomberg News that its annual operating-plan review will have a particular focus on trimming expenses this year as it copes with a slowing economy. The Wall Street Journal reported earlier that the assessment was underway and that employees in certain divisions have been told to look for jobs elsewhere in the company because their teams are being suspended or shut down.“Our senior leadership team regularly reviews our investment outlook and financial performance, including as part of our annual operating plan review, which occurs in the fall each year,” the Seattle-based company said in the statement. “As part of this year’s review, we’re of course taking into account the current macro-environment and considering opportunities to optimize costs.”The news boosted a stock that was already up on positive inflation news. The latest data on consumer prices came in better than expected Thursday, easing concerns about Federal Reserve interest rate hikes.Amazon shares rose to $96.63, marking their largest one-day gain since Feb. 4. They had been down 48% this year through Wednesday, part of a rout that has hammered the biggest tech companies.Already, Amazon has been taking increasingly aggressive steps to rein in expenditures. The company said last week that it was pausing “new incremental” hiring across its corporate workforce as it copes with a slower economy. Amazon has effectively stopped recruiting for new roles companywide, even at profitable divisions, such as its advertising business.Amazon said Thursday that it remains confident in its overall operations, as well as initiatives such as Prime Video, Alexa, Grocery, Kuiper, Zoox and its health-care efforts.Most big tech companies are hitting the brakes on hiring plans, but Amazon is dealing with an especially severe pandemic hangover. The company almost doubled its headcount during Covid-19 restrictions to handle a surge in orders from home-bound consumers.When shoppers returned to their previous habits this year, Amazon had to pare back its logistics operations. As the economic outlook darkened and it became clear that a slowdown in online sales growth was here to stay, the cutbacks spread to Amazon’s corporate offices.When Amazon forecas tits slowest-ever holiday growth last month, Chief Financial Officer Brian Olsavsky said the company was “taking actions to tighten our belt.”","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":2548,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987763738,"gmtCreate":1667998394624,"gmtModify":1676537996293,"author":{"id":"3573203718015318","authorId":"3573203718015318","name":"JenneyJJ","avatar":"https://static.itradeup.com/news/b13adb37ca4f467841be761d65d844b5","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573203718015318","authorIdStr":"3573203718015318"},"themes":[],"htmlText":"👍🏻👍🏻","listText":"👍🏻👍🏻","text":"👍🏻👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987763738","repostId":"1147357388","repostType":4,"repost":{"id":"1147357388","kind":"news","pubTimestamp":1667996790,"share":"https://ttm.financial/m/news/1147357388?lang=&edition=fundamental","pubTime":"2022-11-09 20:26","market":"us","language":"en","title":"Amazon: Buying Opportunity In The Making","url":"https://stock-news.laohu8.com/highlight/detail?id=1147357388","media":"Seeking Alpha","summary":"SummaryAmazon reported quarterly results a few days ago, and especially due to the weak guidance for","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Amazon reported quarterly results a few days ago, and especially due to the weak guidance for Q4/22, the stock declined about 20% the following trading days.</li><li>While AWS will continue to perform quite well, the other two segments will probably suffer in an upcoming recession.</li><li>Amazon is investing heavily again, which has had a negative effect on the bottom line and, with decreased spending in the future, higher operating income is possible.</li><li>In my opinion, Amazon stock will go lower in the coming months and quarters, and $65 seems like a first good entry point, with a high risk of Amazon stock declining even lower.</li></ul><p>In my last article about Amazon.com, Inc. (NASDAQ: AMZN) in March 2022, I asked the question if Amazon is finally a buy (at that point, the stock was trading for $142). In my conclusion I wrote:</p><blockquote>I am rather neutral on Amazon right now and I think it is possible that the support level will hold, and the stock might move higher again. However, I don't know if Amazon can set new all-time highs in the foreseeable future. And I also don't think that Amazon is a bargain right now or a great investment. The company is without any doubt a great business and will be able to grow with a high pace for several years to come - but at current valuation multiples, it has to be.</blockquote><p>We now know the support level did not hold and the stock declined to the next support level around $100 (back then it was about $2,000 in the not split-adjusted chart). In the meantime, Amazon stock already bounced back to the previous support level around $145 and then declined again – and the last quarterly earnings really accelerated that decline and pushed the stock down to only $90.</p><p><b>Quarterly Results</b></p><p>At a first glance, the result doesn’t seem so bad, and one won’t necessary expect a 20% decline that followed in the days since earnings were reported on October 27, 2022. While the company beat on earnings per share expectations, it missed revenue expectations, but only by $370 million. This seems neglectable when considering total net sales of $127,101 million in Q3/22. Compared to the same quarter last year ($110,812 million in net sales), the top line increased 14.7% year-over-year. While net product sales increased from $54,876 million to $59,340 million (resulting in 8.1% year-over-year growth), net service sales increased from $55,936 million to $67,761 million (resulting in 21.1% growth).</p><p>But while the top line increased, operating income declined 48.0% YoY from $4,852 million in Q3/21 to $2,525 million in Q3/22. And diluted earnings per share also declined from $0.31 in the same quarter last year to $0.28 this quarter.</p><p>The biggest disappointment for investors was probably the company’s guidance for the fourth quarter. Amazon is expecting net sales to be between $140.0 billion and $148.0 billion, reflecting only between 2% and 8% growth compared to Q4/22 (the guidance anticipates an unfavorable impact from foreign exchange rates of 460 basis point). Operating income is expected to be between $0 and $4.0 billion, compared to $3.5 billion in the same quarter last year. And any growth rate below 7% would be the lowest quarterly growth rate for a long time (probably the lowest growth rate ever).</p><p><b>AWS: Cash Cow</b></p><p>When looking at the different segments, the picture is quite similar as in the last few quarters and years. Amazon Web Services, which was already launched in 2002, continues to be the cash cow for Amazon, and it is the segment which is generating almost all the operating income. In the third quarter of fiscal 2022, AWS generated $20,538 million in net sales. Compared to the same quarter last year, this resulted in 27% year-over-year growth (28% in FX adjusted numbers). Operating income in Q3/22 was $5,403 million, resulting in 11% year-over-year growth.</p><p><img src=\"https://static.tigerbbs.com/c08a86cc28fd43259538ed285bfeedab\" tg-width=\"640\" tg-height=\"488\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Amazon Q3/22 Presentation</p><p>And as we can see in the chart below, Amazon is the clear market leader in a fast-growing market. In Q4/21, Amazon AWS had a market share of 33% and was clearly ahead of its two main competitors – Microsoft (MSFT) with Microsoft Azure and Alphabet (GOOG,GOOGL) with Google Cloud.</p><p><img src=\"https://static.tigerbbs.com/c532163ed8f8adfb54d4dde7cbc7b9b6\" tg-width=\"640\" tg-height=\"551\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>VisualCapitalist</p><p>In my previous article about Alphabet, I already mentioned the fast-growing cloud market. Alphabet stated in a recent presentation that the cloud market is still in its early stage. According to this presentation, the public cloud services spendings are expected to double between 2022 and 2026, and not only Alphabet will profit from this trend but Amazon as well.</p><p><img src=\"https://static.tigerbbs.com/fc96088bc988e019855031a01a7b5890\" tg-width=\"640\" tg-height=\"359\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Alphabet Q3/22 Presentation</p><p>And this is backed up by several different studies (seehereandhere) andforecaststhat also expect high growth rates for the cloud business in the years to come.</p><p><b>Retail: Struggling</b></p><p>While AWS is continuing to grow at a high pace and is very profitable for Amazon, the retail business of Amazon – which is responsible for the biggest part of revenue – seems to struggle once again. The North America segment could still grow the top line at a solid pace, with increased revenue 20% year-over-year, from $65,557 million in the same quarter last year to $78,743 million this quarter. But while the segment could generate an operating profit of $880 million in the same quarter last year, it is now reporting an operating loss of $142 million.</p><p><img src=\"https://static.tigerbbs.com/5885e588ec6a05ae5e5a931755fa4637\" tg-width=\"640\" tg-height=\"489\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Amazon Q3/22 Presentation</p><p>And not only its North America segment was unprofitable this quarter. Its international segment was also unprofitable once again and reported an operating loss of $2,466 million (compared to an operating loss of $911 million in the same quarter last year). Additionally, the segment also had to report declining sales. Compared to $29,145 million in Q3/21, sales in Q3/22 were only $27,720 resulting in 5% year-over-year decline. However, this was in large parts due to currency effects – FX adjusted, sales increased 12% year-over-year.</p><p><img src=\"https://static.tigerbbs.com/08bc6732afc9fa31f5c46aafc37a26a3\" tg-width=\"640\" tg-height=\"489\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Amazon Q3/22 Presentation</p><p>So, to be honest, results are not so bad. Both segments are not profitable (we will get to this later) but the mediocre top line results are also due to the strong dollar which affected Amazon’s business – like it affected many other U.S. businesses.</p><p>And when looking at the expectations for the holiday sales, analysts and the NRF, the National Retail Federation, are quite optimistic. For the months of November and December 2022,holiday sales are expectedto be between $942.6 million and $960.4 million– resulting in 6% to 8% year-over-year growth, which is quite an optimistic forecast. Compared to the last two years (with growth rates of 9.3% in 2020 and 13.5% in 2021), this seems moderate.</p><p><img src=\"https://static.tigerbbs.com/8d45157a1039b7db14e9525fd87245fe\" tg-width=\"640\" tg-height=\"482\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>NRF</p><p>And when looking at longer timeframes, growth expectations are also high – not only for the holiday sales. While retail sales are expected to grow only with a CAGR of 3.70% between 2021 and 2026 (according to Statista), ecommerce sales are expected to grow with a much higher pace (and Amazon is generating most of its sales online). For the years from 2023 till 2026, analysts are expecting ecommerce sales to growabout 12% annually.</p><p><img src=\"https://static.tigerbbs.com/381ce5c4ddb35163699973ad633b2892\" tg-width=\"922\" tg-height=\"897\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>eMarketer // InsiderIntelligence</p><p>Now we must question if these growth expectations are realistic – especially as we are seeing strong signs for the economy crumbling and not only in the United States of America. Aside from the stock market declining about 20% (which is an early warning indicator), theyield curve inverted recently(one of the best warning signs for a recession) anddisposable income per capitais also declining for several months in a row now.</p><p>In a recession, we usually see spendings decline and here we must take a closer look at Amazon’s revenue streams. About 16% stem from AWS (see section above), and companies might cut back on spendings here – although these are fundamental services for a business. An additional 7% of revenue is stemming from subscription services, and due to switching costs we can be confident to see numbers be at least stable (many people rely on Amazon Prime for free shipping as well as the video and music content).</p><p>But about 42% of revenue stems from online stores, and about 23% stems from third-party sellers. And in both cases, we must assume consumers spending is less, which could lead to declining revenue for Amazon (or at least lower growth rates). An additional 8% of revenue is stemming from advertising and these are classical examples for businesses to cut spendings.</p><p>All in all, we should be rather cautious about Amazon’s top line growth in the next few quarters. And we should even think about the possibility of declining revenue in some quarters – depending on how extreme the recession gets.</p><p><b>Investing in the future</b></p><p>And while declining revenue (or slower growth rates) could be an issue in the coming quarters, the bottom-line results already are a reason for concern right now. Since the fourth quarter of fiscal 2021, free cash flow is negative again (when looking at the TTM numbers). And while Amazon has done a pretty good job of convincing investors to focus on top line growth and ignore profitability (something Meta Platforms (META) is failing horrible right now), investors also seem to be concerned about Amazon as well.</p><p>And I must be honest: I am also a bit irritated that Amazon, a business which is almost 30 years old and one of the major corporations in the world, is failing once again to be profitable. On the other hand, it is good to invest in the future, and we should be confident these investments will pay off.</p><p>We will especially focus on the operating expenses, as these amounts will mostly driver future growth – they include sales, marketing, research, and development. And while Amazon spent about 35% of its revenue on operating expenses in the years 2019 till 2021, it spent over 40% in the last four quarters. And when comparing Amazon to other retail companies, the difference is huge. Walmart (WMT), Target (TGT), and Kroger (KR), for example, are spending about 20% of revenue on operating expenses (Target is spending a little more than the other two). Amazon is spending twice as much of its revenue, and when this spending pays off, Amazon will probably profit in the future by higher growth rates and higher sales.</p><table><tbody><tr><th><p>Total Operating Expenses % of revenue</p></th><th><p>2019</p></th><th><p>2021</p></th><th><p>2021</p></th><th><p>TTM</p></th></tr><tr><td><p>Amazon</p></td><td><p>35.81%</p></td><td><p>33.64%</p></td><td><p>36.74%</p></td><td><p>40.46%</p></td></tr><tr><td><p>Walmart</p></td><td><p>20.59%</p></td><td><p>20.01%</p></td><td><p>20.57%</p></td><td><p>20.54%</p></td></tr><tr><td><p>Target</p></td><td><p>23.71%</p></td><td><p>22.21%</p></td><td><p>20.73%</p></td><td><p>20.79%</p></td></tr><tr><td><p>Kroger</p></td><td><p>20.59%</p></td><td><p>21.59%</p></td><td><p>20.03%</p></td><td><p>19.24%</p></td></tr></tbody></table><p>Of course, the long-term goal should be to spend only as much as necessary and cut cost of revenue as well as operating expenses as this will increase profitability. In case of Amazon, we can see that the company was able to lower its costs of revenue (as percentage of revenue) constantly during the last decade, while operating expenses increased over time.</p><p>But if Amazon can lower its operating expenses over time – and therefore increase operating margin it can be extremely profitable. And it doesn’t even have to lower its operating expenses to 20% of revenue like Walmart or Target – 30% to 35% is enough to multiply its operating income.</p><p><b>Intrinsic Value Calculation</b></p><p>And these increased spendings led to Amazon trading for extremely high valuation multiples once again. As free cash flow is negative, we can’t calculate a reasonable P/FCF ratio at this point. The P/E ratio however is 83 right now and although this is below the 5-year average (which is 105), we can’t really argue that a P/E ratio of almost 100 is cheap in any way. Such a high P/E ratio is even difficult to justify with high growth rates.</p><p><img src=\"https://static.tigerbbs.com/b80c5c9861c0f88a7c05281785e27a38\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>However, it can be justified – at least in parts – by extraordinary high operating expenses, which might not only result in higher revenue growth but also in higher operating income once the high expenditures are reduced again. If we assume only about 35% of revenue spent as operating expenses in addition to 57% of revenue for costs of revenue, we will get an operating margin around 8% and an operating income of $40,000 right now. This would result in earnings per share around $3.50 in my opinion (considering taxes and interest expenses) and Amazon would therefore trade for a P/E ratio of 26.</p><p>This is a much more reasonable P/E ratio, but still a bit high in current market conditions – and we are calculating with hypothetical assumptions. I have mentioned several times that we must probably adapt to a new reality of lower P/E ratios and lower CAPE ratios. We got so used to these extremely high valuation multiples for several years now that we assume they are the norm. But the last few years have been an extreme outlier – stocks are not trading for a CAPE ratio of 30.</p><p><img src=\"https://static.tigerbbs.com/36fea4051eb380f769451c28a6ec244f\" tg-width=\"1280\" tg-height=\"930\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Advisor Perspectives</p><p>Usually, I offer an intrinsic value by using a discount cash flow calculation. For such a calculation we must make several assumptions and in case of Amazon it is extremely difficult to make these assumptions as the company is lacking consistency. We could assume operating margin to improve again in the coming quarters and Amazon still growing its top line in the mid-to-high teens and we get an extremely undervalued stock. But we could also argue that growth rates will slow down, the recession will hit Amazon hard, and profitability will decline even further in a challenging macroeconomic environment and the stock remains overvalued.</p><p><b>Technical Picture</b></p><p>Instead of trying to calculate an intrinsic value for the stock I will rather focus on the chart and the sentiment surrounding stocks – especially high-growth companies (which are close to being unprofitable).</p><p>I already started writing parts of this article about two weeks ago before earnings were reported. At that point I theorized that the stock could go up to $145 again. But I didn’t consider that scenario to be very realistic. Instead, I rather assumed the stock to decline to $100 again. And while I expected the stock to break below $100 at some point in the next few months, I didn’t think it would happen so quickly.</p><p><img src=\"https://static.tigerbbs.com/04f71c53acbba04e624687d34078dd49\" tg-width=\"640\" tg-height=\"453\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>TradingView</p><p>When looking at the chart, we can identify two strong support levels for Amazon. And a first reasonable mid-term target for the stock over the next few months is between $65 and $72. At that level we find not only the 38% Fibonacci retracement level of the last upward wave, but also the lows of the late 2018 correction. Additionally, we have a long-term trendline connecting the lows of the Dotcom bubble crash and the Great Financial Crisis. At $65, we are already looking at a 65% decline, but I don’t want to bet on Amazon already finding its cyclical bottom there.</p><p>A next potential support level would be around $45 where we find the 23% Fibonacci retracement as well as the 200-months moving average. And especially the latter is often the target for stocks in steep corrections. At that point we are looking at a 76% decline, which might seem extreme right now but is possible. And I would also not be surprised if Amazon goes even lower – depending on how the next recession and bear market play out.</p><p><b>Conclusion</b></p><p>Amazon is not extremely expensive anymore. However, I don’t see Amazon as the extreme bargain many other contributors are seeing (when scrolling through the articles, I only see bullish and extremely bullish views about Amazon).</p><p>I avoided Amazon as an investment for a long time, as I considered the stock as being just too expensive. Now, Amazon is certainly getting to price regions where the stock is starting to get interesting, but I won’t pull the trigger yet, as Amazon is still above the cycle bottom in my opinion. Investors have not priced in what is about to come for the economy as well as the stock market. And when comparing Amazon to other big tech companies – like Alphabet or Meta Platforms – the stock is still trading for rather high valuation multiples making it vulnerable to downside risk. I personally will get interested in Amazon when it is trading for $65 to $70.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon: Buying Opportunity In The Making</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon: Buying Opportunity In The Making\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-09 20:26 GMT+8 <a href=https://seekingalpha.com/article/4554856-amazon-buying-opportunity-in-the-making><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAmazon reported quarterly results a few days ago, and especially due to the weak guidance for Q4/22, the stock declined about 20% the following trading days.While AWS will continue to perform ...</p>\n\n<a href=\"https://seekingalpha.com/article/4554856-amazon-buying-opportunity-in-the-making\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4554856-amazon-buying-opportunity-in-the-making","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147357388","content_text":"SummaryAmazon reported quarterly results a few days ago, and especially due to the weak guidance for Q4/22, the stock declined about 20% the following trading days.While AWS will continue to perform quite well, the other two segments will probably suffer in an upcoming recession.Amazon is investing heavily again, which has had a negative effect on the bottom line and, with decreased spending in the future, higher operating income is possible.In my opinion, Amazon stock will go lower in the coming months and quarters, and $65 seems like a first good entry point, with a high risk of Amazon stock declining even lower.In my last article about Amazon.com, Inc. (NASDAQ: AMZN) in March 2022, I asked the question if Amazon is finally a buy (at that point, the stock was trading for $142). In my conclusion I wrote:I am rather neutral on Amazon right now and I think it is possible that the support level will hold, and the stock might move higher again. However, I don't know if Amazon can set new all-time highs in the foreseeable future. And I also don't think that Amazon is a bargain right now or a great investment. The company is without any doubt a great business and will be able to grow with a high pace for several years to come - but at current valuation multiples, it has to be.We now know the support level did not hold and the stock declined to the next support level around $100 (back then it was about $2,000 in the not split-adjusted chart). In the meantime, Amazon stock already bounced back to the previous support level around $145 and then declined again – and the last quarterly earnings really accelerated that decline and pushed the stock down to only $90.Quarterly ResultsAt a first glance, the result doesn’t seem so bad, and one won’t necessary expect a 20% decline that followed in the days since earnings were reported on October 27, 2022. While the company beat on earnings per share expectations, it missed revenue expectations, but only by $370 million. This seems neglectable when considering total net sales of $127,101 million in Q3/22. Compared to the same quarter last year ($110,812 million in net sales), the top line increased 14.7% year-over-year. While net product sales increased from $54,876 million to $59,340 million (resulting in 8.1% year-over-year growth), net service sales increased from $55,936 million to $67,761 million (resulting in 21.1% growth).But while the top line increased, operating income declined 48.0% YoY from $4,852 million in Q3/21 to $2,525 million in Q3/22. And diluted earnings per share also declined from $0.31 in the same quarter last year to $0.28 this quarter.The biggest disappointment for investors was probably the company’s guidance for the fourth quarter. Amazon is expecting net sales to be between $140.0 billion and $148.0 billion, reflecting only between 2% and 8% growth compared to Q4/22 (the guidance anticipates an unfavorable impact from foreign exchange rates of 460 basis point). Operating income is expected to be between $0 and $4.0 billion, compared to $3.5 billion in the same quarter last year. And any growth rate below 7% would be the lowest quarterly growth rate for a long time (probably the lowest growth rate ever).AWS: Cash CowWhen looking at the different segments, the picture is quite similar as in the last few quarters and years. Amazon Web Services, which was already launched in 2002, continues to be the cash cow for Amazon, and it is the segment which is generating almost all the operating income. In the third quarter of fiscal 2022, AWS generated $20,538 million in net sales. Compared to the same quarter last year, this resulted in 27% year-over-year growth (28% in FX adjusted numbers). Operating income in Q3/22 was $5,403 million, resulting in 11% year-over-year growth.Amazon Q3/22 PresentationAnd as we can see in the chart below, Amazon is the clear market leader in a fast-growing market. In Q4/21, Amazon AWS had a market share of 33% and was clearly ahead of its two main competitors – Microsoft (MSFT) with Microsoft Azure and Alphabet (GOOG,GOOGL) with Google Cloud.VisualCapitalistIn my previous article about Alphabet, I already mentioned the fast-growing cloud market. Alphabet stated in a recent presentation that the cloud market is still in its early stage. According to this presentation, the public cloud services spendings are expected to double between 2022 and 2026, and not only Alphabet will profit from this trend but Amazon as well.Alphabet Q3/22 PresentationAnd this is backed up by several different studies (seehereandhere) andforecaststhat also expect high growth rates for the cloud business in the years to come.Retail: StrugglingWhile AWS is continuing to grow at a high pace and is very profitable for Amazon, the retail business of Amazon – which is responsible for the biggest part of revenue – seems to struggle once again. The North America segment could still grow the top line at a solid pace, with increased revenue 20% year-over-year, from $65,557 million in the same quarter last year to $78,743 million this quarter. But while the segment could generate an operating profit of $880 million in the same quarter last year, it is now reporting an operating loss of $142 million.Amazon Q3/22 PresentationAnd not only its North America segment was unprofitable this quarter. Its international segment was also unprofitable once again and reported an operating loss of $2,466 million (compared to an operating loss of $911 million in the same quarter last year). Additionally, the segment also had to report declining sales. Compared to $29,145 million in Q3/21, sales in Q3/22 were only $27,720 resulting in 5% year-over-year decline. However, this was in large parts due to currency effects – FX adjusted, sales increased 12% year-over-year.Amazon Q3/22 PresentationSo, to be honest, results are not so bad. Both segments are not profitable (we will get to this later) but the mediocre top line results are also due to the strong dollar which affected Amazon’s business – like it affected many other U.S. businesses.And when looking at the expectations for the holiday sales, analysts and the NRF, the National Retail Federation, are quite optimistic. For the months of November and December 2022,holiday sales are expectedto be between $942.6 million and $960.4 million– resulting in 6% to 8% year-over-year growth, which is quite an optimistic forecast. Compared to the last two years (with growth rates of 9.3% in 2020 and 13.5% in 2021), this seems moderate.NRFAnd when looking at longer timeframes, growth expectations are also high – not only for the holiday sales. While retail sales are expected to grow only with a CAGR of 3.70% between 2021 and 2026 (according to Statista), ecommerce sales are expected to grow with a much higher pace (and Amazon is generating most of its sales online). For the years from 2023 till 2026, analysts are expecting ecommerce sales to growabout 12% annually.eMarketer // InsiderIntelligenceNow we must question if these growth expectations are realistic – especially as we are seeing strong signs for the economy crumbling and not only in the United States of America. Aside from the stock market declining about 20% (which is an early warning indicator), theyield curve inverted recently(one of the best warning signs for a recession) anddisposable income per capitais also declining for several months in a row now.In a recession, we usually see spendings decline and here we must take a closer look at Amazon’s revenue streams. About 16% stem from AWS (see section above), and companies might cut back on spendings here – although these are fundamental services for a business. An additional 7% of revenue is stemming from subscription services, and due to switching costs we can be confident to see numbers be at least stable (many people rely on Amazon Prime for free shipping as well as the video and music content).But about 42% of revenue stems from online stores, and about 23% stems from third-party sellers. And in both cases, we must assume consumers spending is less, which could lead to declining revenue for Amazon (or at least lower growth rates). An additional 8% of revenue is stemming from advertising and these are classical examples for businesses to cut spendings.All in all, we should be rather cautious about Amazon’s top line growth in the next few quarters. And we should even think about the possibility of declining revenue in some quarters – depending on how extreme the recession gets.Investing in the futureAnd while declining revenue (or slower growth rates) could be an issue in the coming quarters, the bottom-line results already are a reason for concern right now. Since the fourth quarter of fiscal 2021, free cash flow is negative again (when looking at the TTM numbers). And while Amazon has done a pretty good job of convincing investors to focus on top line growth and ignore profitability (something Meta Platforms (META) is failing horrible right now), investors also seem to be concerned about Amazon as well.And I must be honest: I am also a bit irritated that Amazon, a business which is almost 30 years old and one of the major corporations in the world, is failing once again to be profitable. On the other hand, it is good to invest in the future, and we should be confident these investments will pay off.We will especially focus on the operating expenses, as these amounts will mostly driver future growth – they include sales, marketing, research, and development. And while Amazon spent about 35% of its revenue on operating expenses in the years 2019 till 2021, it spent over 40% in the last four quarters. And when comparing Amazon to other retail companies, the difference is huge. Walmart (WMT), Target (TGT), and Kroger (KR), for example, are spending about 20% of revenue on operating expenses (Target is spending a little more than the other two). Amazon is spending twice as much of its revenue, and when this spending pays off, Amazon will probably profit in the future by higher growth rates and higher sales.Total Operating Expenses % of revenue201920212021TTMAmazon35.81%33.64%36.74%40.46%Walmart20.59%20.01%20.57%20.54%Target23.71%22.21%20.73%20.79%Kroger20.59%21.59%20.03%19.24%Of course, the long-term goal should be to spend only as much as necessary and cut cost of revenue as well as operating expenses as this will increase profitability. In case of Amazon, we can see that the company was able to lower its costs of revenue (as percentage of revenue) constantly during the last decade, while operating expenses increased over time.But if Amazon can lower its operating expenses over time – and therefore increase operating margin it can be extremely profitable. And it doesn’t even have to lower its operating expenses to 20% of revenue like Walmart or Target – 30% to 35% is enough to multiply its operating income.Intrinsic Value CalculationAnd these increased spendings led to Amazon trading for extremely high valuation multiples once again. As free cash flow is negative, we can’t calculate a reasonable P/FCF ratio at this point. The P/E ratio however is 83 right now and although this is below the 5-year average (which is 105), we can’t really argue that a P/E ratio of almost 100 is cheap in any way. Such a high P/E ratio is even difficult to justify with high growth rates.Data by YChartsHowever, it can be justified – at least in parts – by extraordinary high operating expenses, which might not only result in higher revenue growth but also in higher operating income once the high expenditures are reduced again. If we assume only about 35% of revenue spent as operating expenses in addition to 57% of revenue for costs of revenue, we will get an operating margin around 8% and an operating income of $40,000 right now. This would result in earnings per share around $3.50 in my opinion (considering taxes and interest expenses) and Amazon would therefore trade for a P/E ratio of 26.This is a much more reasonable P/E ratio, but still a bit high in current market conditions – and we are calculating with hypothetical assumptions. I have mentioned several times that we must probably adapt to a new reality of lower P/E ratios and lower CAPE ratios. We got so used to these extremely high valuation multiples for several years now that we assume they are the norm. But the last few years have been an extreme outlier – stocks are not trading for a CAPE ratio of 30.Advisor PerspectivesUsually, I offer an intrinsic value by using a discount cash flow calculation. For such a calculation we must make several assumptions and in case of Amazon it is extremely difficult to make these assumptions as the company is lacking consistency. We could assume operating margin to improve again in the coming quarters and Amazon still growing its top line in the mid-to-high teens and we get an extremely undervalued stock. But we could also argue that growth rates will slow down, the recession will hit Amazon hard, and profitability will decline even further in a challenging macroeconomic environment and the stock remains overvalued.Technical PictureInstead of trying to calculate an intrinsic value for the stock I will rather focus on the chart and the sentiment surrounding stocks – especially high-growth companies (which are close to being unprofitable).I already started writing parts of this article about two weeks ago before earnings were reported. At that point I theorized that the stock could go up to $145 again. But I didn’t consider that scenario to be very realistic. Instead, I rather assumed the stock to decline to $100 again. And while I expected the stock to break below $100 at some point in the next few months, I didn’t think it would happen so quickly.TradingViewWhen looking at the chart, we can identify two strong support levels for Amazon. And a first reasonable mid-term target for the stock over the next few months is between $65 and $72. At that level we find not only the 38% Fibonacci retracement level of the last upward wave, but also the lows of the late 2018 correction. Additionally, we have a long-term trendline connecting the lows of the Dotcom bubble crash and the Great Financial Crisis. At $65, we are already looking at a 65% decline, but I don’t want to bet on Amazon already finding its cyclical bottom there.A next potential support level would be around $45 where we find the 23% Fibonacci retracement as well as the 200-months moving average. And especially the latter is often the target for stocks in steep corrections. At that point we are looking at a 76% decline, which might seem extreme right now but is possible. And I would also not be surprised if Amazon goes even lower – depending on how the next recession and bear market play out.ConclusionAmazon is not extremely expensive anymore. However, I don’t see Amazon as the extreme bargain many other contributors are seeing (when scrolling through the articles, I only see bullish and extremely bullish views about Amazon).I avoided Amazon as an investment for a long time, as I considered the stock as being just too expensive. Now, Amazon is certainly getting to price regions where the stock is starting to get interesting, but I won’t pull the trigger yet, as Amazon is still above the cycle bottom in my opinion. Investors have not priced in what is about to come for the economy as well as the stock market. And when comparing Amazon to other big tech companies – like Alphabet or Meta Platforms – the stock is still trading for rather high valuation multiples making it vulnerable to downside risk. I personally will get interested in Amazon when it is trading for $65 to $70.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":2355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}