skyyyyy2001 personal page - To The Moon

skyyyyy2001

skyyyyy2001

No personal profile

31Follow

6Followers

0Topic

0Badge

2022-12-01

Great ariticle, would you like to share it?

@vippy:3 Growth Stocks to Buy Hand Over Fist in September

2022-07-02

OK like pls

Li Xiaojia recalls the past of the Hong Kong Stock Exchange: a napkin writes down the stock interconnection plan

2022-06-04

OK like pls

If Oil Keeps Rising, These 5 Exploration Stocks Could Benefit

2022-06-01

OK like pls

@CyrilDavy:Are These EV Stocks The Best Stocks To Invest In 2022?

2022-05-30

OK like pls

@haoren:$EHang Holdings Ltd(EH)$to the moon

2022-05-28

OK like pls

@中国基金报:北京順義徹查“醫院及120延遲救治致患者死亡”

2022-05-24

OK like pls

@Daily_Discussion:🔥[24th May]Trading plans that you can't miss from Tiger users

2022-05-06

OK like pls

2 Semiconductor Stocks Worth the 2022 Risks

2022-05-06

OK like pls

Is Nikola Stock Finally Ready to Drive Higher?

2022-04-03

Ook like pls

@The Finance Hydra: NIO STOCK PREDICTIONS - If NIO closes above THIS AREA it will GO UP!

2022-02-19

OK like pls

@Iverson_:Twitter:Ordinary Q4 Results,but Optimistic User Guidance

2022-02-16

OK like pls

Sorry, the original content has been removed

2022-02-16

OK like pls

3 Growth Stocks Down 20% to 77% to Buy Now

2022-01-28

Great ariticle, would you like to share it?

@TigerEvents:Join Tiger Ski Championship, Win a Bonus of Up to USD 2022

2022-01-16

Good

US Stock Nuggets | Will Digital Ocean become the invisible king?

2022-01-16

OK liken pls

The Fed Is Raising Interest Rates: These Growth Stocks Can Still Double in 2022

2022-01-01

$Tenable Holdings Inc.(TENB)$$Zscaler Inc.(ZS)$https://www.fool.com/investing/2021/12/30/2-cybersecurity-stocks-worth-buying-in-2022/

2021-12-31

$NIO Inc.(NIO)$https://k.sina.cn/article_2533735684_9705bd0400101227x.html?from=auto&ab=qiche&_rewriteTime=1640950395882&http=fromhttp

Go to Tiger App to see more news

{"i18n":{"language":"en_US"},"userPageInfo":{"id":"3548753920898821","uuid":"3548753920898821","gmtCreate":1585659898651,"gmtModify":1635562249113,"name":"skyyyyy2001","pinyin":"skyyyyy2001","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":6,"headSize":31,"tweetSize":29,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":2,"name":"无畏虎","nameTw":"無畏虎","represent":"初生牛犊","factor":"发布3条非转发主帖,1条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-4","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Tiger Star","description":"Join the tiger community for 2000 days","bigImgUrl":"https://static.tigerbbs.com/dddf24b906c7011de2617d4fb3f76987","smallImgUrl":"https://static.tigerbbs.com/53d58ad32c97254c6f74db8b97e6ec49","grayImgUrl":"https://static.tigerbbs.com/6304700d92ad91c7a33e2e92ec32ecc1","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.09.22","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"93.72%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"93.91%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":11,"crmLevelSwitch":1,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":3,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":9965198210,"gmtCreate":1669906341731,"gmtModify":1676538267547,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965198210","repostId":"9939278278","repostType":1,"repost":{"id":9939278278,"gmtCreate":1662126598694,"gmtModify":1676537003385,"author":{"id":"9000000000000339","authorId":"9000000000000339","name":"vippy","avatar":"https://static.tigerbbs.com/c0126a7d8aadf37410e3ec43acf556ad","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"9000000000000339","idStr":"9000000000000339"},"themes":[],"title":"3 Growth Stocks to Buy Hand Over Fist in September","htmlText":"Markets have forgotten how well these businesses are performing.How do you look for stocks to buy in September? My favorite method involves looking for shares that have been beaten down despite strong recent performances.SoFi Technologies(SOFI-1.18%),Duolingo(DUOL-0.30%), and&nbsp;PubMatic(PUBM-2.81%)presented exceptional results in early August that the stock market has already forgotten about. Here's why scooping up shares of these beaten-down growth stocks now could do wonders for your portfolio over the long run.IMAGE SOURCE: GETTY IMAGES.SoFi TechnologiesThis unique banking stockpopped in early Augustin response to a stellar second-quarter report. SoFi Technologies shares briefly rallied after the company told investors it generated second-quarter revenue that soared 57% year over yea","listText":"Markets have forgotten how well these businesses are performing.How do you look for stocks to buy in September? My favorite method involves looking for shares that have been beaten down despite strong recent performances.SoFi Technologies(SOFI-1.18%),Duolingo(DUOL-0.30%), and&nbsp;PubMatic(PUBM-2.81%)presented exceptional results in early August that the stock market has already forgotten about. Here's why scooping up shares of these beaten-down growth stocks now could do wonders for your portfolio over the long run.IMAGE SOURCE: GETTY IMAGES.SoFi TechnologiesThis unique banking stockpopped in early Augustin response to a stellar second-quarter report. SoFi Technologies shares briefly rallied after the company told investors it generated second-quarter revenue that soared 57% year over yea","text":"Markets have forgotten how well these businesses are performing.How do you look for stocks to buy in September? My favorite method involves looking for shares that have been beaten down despite strong recent performances.SoFi Technologies(SOFI-1.18%),Duolingo(DUOL-0.30%), and PubMatic(PUBM-2.81%)presented exceptional results in early August that the stock market has already forgotten about. Here's why scooping up shares of these beaten-down growth stocks now could do wonders for your portfolio over the long run.IMAGE SOURCE: GETTY IMAGES.SoFi TechnologiesThis unique banking stockpopped in early Augustin response to a stellar second-quarter report. SoFi Technologies shares briefly rallied after the company told investors it generated second-quarter revenue that soared 57% year over yea","images":[{"img":"https://community-static.tradeup.com/news/1292a12c9fcf97a674b3c17c0ef99c38","width":"700","height":"467"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9939278278","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2790,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9044660180,"gmtCreate":1656745766140,"gmtModify":1676535888908,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"OK like pls&nbsp;","listText":"OK like pls&nbsp;","text":"OK like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9044660180","repostId":"2248969823","repostType":2,"repost":{"id":"2248969823","kind":"news","pubTimestamp":1656725211,"share":"https://ttm.financial/m/news/2248969823?lang=en_US&edition=fundamental","pubTime":"2022-07-02 09:26","market":"hk","language":"zh","title":"Li Xiaojia recalls the past of the Hong Kong Stock Exchange: a napkin writes down the stock interconnection plan","url":"https://stock-news.laohu8.com/highlight/detail?id=2248969823","media":"中国金融四十人...","summary":"港交所前行政总裁李小加表示，当今的香港应该帮助内地居民实现全球资产配置，帮助中外投资者离岸管理在岸投资风险，逐步帮助中国实现商品和货币的国际定价。2010年~2020年，李小加执掌港交所11年，正是香","content":"<p><html><head></head><body>Li Xiaojia, former CEO of HKEx, said that today's Hong Kong should help mainland residents realize global asset allocation, help Chinese and foreign investors manage onshore investment risks offshore, and gradually help China realize international pricing of commodities and currencies. From 2010 to 2020, Li Xiaojia was in charge of the Hong Kong Stock Exchange for 11 years, which is the highlight of the 25-year chapter of the Hong Kong Special Administrative Region.</p><p>As one of the most important financial infrastructures, HKEx is the most vivid embodiment of the integration of Hong Kong and the mainland's financial markets. It highlights Hong Kong's internationalization and legalization, and demonstrates Hong Kong's pragmatic and innovative urban spirit. On the occasion of the 25th anniversary of the establishment of the Hong Kong Special Administrative Region, Li Xiaojia, former chief executive of the Hong Kong Stock Exchange and founder of Drip Irrigation, was interviewed to detail the past of Hong Kong.</p><p><img src=\"https://static.tigerbbs.com/a9313f33385fa7f04ff3718108ba777d\" tg-width=\"720\" tg-height=\"449\" referrerpolicy=\"no-referrer\"/></p><p>In Li Xiaojia's eyes, Hong Kong is a Chinese market operating in accordance with international rules, and openness and tolerance are one of the core spirits of this city. He believes that young people should open their minds and work with people all over the world to create the future of Hong Kong and realize their own life value.</p><p>Li Xiaojia believes that today's Hong Kong should play triple roles: first, helping mainland residents realize global asset allocation; The second is to help Chinese and foreign investors manage onshore investment risks offshore; The third is to gradually help China realize the international pricing of commodities and currencies. Hong Kong has been working hard in these three areas in the past, and will make greater progress in the future.</p><p>Stock interconnection:</p><p>Write down the plan on a napkin</p><p>Q: In your collection of essays, you mentioned that Hong Kong should do three things. The first one is to help mainland residents achieve global allocation. The Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect opened in recent years can be attributed to efforts in this direction. Looking back at history, what was the biggest difficulty encountered by Shanghai-Hong Kong Stock Connect at that time?</p><p>Li Xiaojia: After 2000, financial practitioners in both places are looking forward to opening up the markets of the two places. This is a dream of our generation of financial people. Since 2012, the Hong Kong Stock Exchange has begun to work in this direction. At that time, market participants, regulators and exchanges reached a consensus to some extent: mainland investors needed to invest in overseas markets, while international investors needed to invest in the mainland. But how to implement it systematically and in a risk-controllable way? There is no blueprint for this.</p><p>Not only that, there seems to be a pair of contradictions here. On the one hand, to achieve the above goals, we must take the road of marketization, and we can't set too many restrictions on transactions, otherwise the connection between the two places will become a display; On the other hand, China's capital account has not been fully liberalized, and neither have the exchange rate and interest rate. This kind of Unicom needs to avoid frequent capital inflows and outflows caused by cross-border capital flows. This was the core problem faced by Shanghai-Hong Kong Stock Connect at that time.</p><p>How to solve this contradiction? After a long period of hard thinking, we and Gui Minjie, then chairman of the Shanghai Stock Exchange, finally found a way. In my impression, Gui Minjie and I were discussing how to solve this contradiction in a small teahouse in Shenzhen, and finally wrote down the plan on a napkin.</p><p>Since we all believe that transactions must be market-oriented, otherwise the price discovery function of the market cannot be fully realized, and we all believe that funds cannot go in and out disorderly, can we separate transactions from clearing? How exactly is it done? It is net liquidation.</p><p>Net liquidation is not a new thing, and many investment banks and stockbrokers have adopted it. For example, if you are a customer of investment bank X and he is a customer of investment bank Y, the transactions between you will be cleared through the clearing house; If both of you are X's clients, then X may calculate the net amount of your transaction first, and then clear it with the clearing house. However, this kind of netting was not widely used before. We think Shanghai-Hong Kong Stock Connect is very suitable for adopting such a clearing mode.</p><p>Mainland customers buy and sell Hong Kong stocks through Shanghai-Hong Kong Stock Connect every day, but they do not directly and<a href=\"https://laohu8.com/S/00388\">HKEX</a>Settlement, but through China Clearing on behalf of all customers who use Hong Kong Stock Connect, it will uniformly settle with the Hong Kong Stock Exchange. Similarly, international investors who buy and sell A shares through Shanghai Stock Connect do not settle directly with Shanghai Stock Exchange, but the Hong Kong Stock Exchange settles with Shanghai Stock Exchange on behalf of all international investors who buy and sell A shares through Shanghai Stock Connect.</p><p>For example, it is somewhat similar to the general manager of Shanghai Stock Exchange and the president of Hong Kong Stock Exchange exchanging securities and cash for customers on both sides of Shenzhen Bridge after the close of trading every day, thus avoiding the frequent entry and exit of funds.</p><p>In hindsight, this seemed natural, but until we thought of this solution, we were at a loss. Today, when you inquire about shareholding data, you often see the words \"Hong Kong Securities Clearing Center\". This means that the Hong Kong Stock Exchange holds A shares through Shanghai Stock Connect and Shenzhen Stock Connect on behalf of many international investors.</p><p>Unfortunately, the \"napkin of history\" can't be found. If we can find it, we hope to use it as a souvenir.</p><p>Q: Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect have been running for a long time. What do you think is the biggest impact of the stock interconnection mechanism on A-shares and Hong Kong stocks?</p><p>Li Xiaojia: I think the most important influence is the collision of investment ideas between the two sides. For example, the stock interconnection mechanism is a bit like the estuary of the Yangtze River and the estuary of the East China Sea, which intersect with each other. Fish in the intersection of sea water and fresh water usually have special skills: they can survive in both fresh water and salt water, and have stronger vitality.</p><p>With the stock interconnection mechanism, mainland funds can more and more be in line with international rules and international development, and international investors can more and more understand the Chinese market and get a share of the development of the world's second largest economy.</p><p>The overseas market is a very diverse market, with money from the United States, Europe, Japan and other countries participating, just like the sea. At present, the mainland market is relatively close to fresh water, which is relatively homogeneous water. But as a big economy, China's market will eventually go global, and the world will also go into China. Stock connectivity is a small step in this megatrend.</p><p>Launch of offshore A-share stock index futures:</p><p>After waiting for 16 years, it finally achieved positive results</p><p>Q: The second thing you mentioned that Hong Kong should do is to provide Chinese and foreign investors with tools to manage onshore risks offshore. Now the Hong Kong Stock Exchange also has offshore A-share stock index futures. Why launch A-share stock index futures offshore?</p><p>Li Xiaojia: Through the stock interconnection mechanism, international investors can enter China's spot market on a relatively large scale. Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect are related to spot trading. Along with spot trading, futures are generally needed for risk control and hedging. This is a natural configuration. A market is incomplete if it only has spot but no futures. Of course, futures are sometimes out of shape, but the risk of out of shape can be controlled through various methods. A market lacking futures cannot develop soundly.</p><p>A large number of international investors behind Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect need futures products to hedge risks. However, the mainland futures market itself has not yet been opened, and interconnection has not included futures. Since it cannot be done onshore, there should be futures products in the offshore market for international investors to use to manage risks.</p><p>In<a href=\"https://laohu8.com/S/S68.SI\">Singapore Exchange</a>After the launch of A-share stock index futures, the Hong Kong Stock Exchange waited for 16 years, and finally launched a new A-share stock index futures after full regulatory communication, which achieved positive results. The waiting process was very painful, but in hindsight, being a little slow wasn't necessarily a bad thing.</p><p>It should be pointed out that the market characteristics of the two places determine that the supervision of stock index futures in the two places is also different.</p><p>The A-share market in mainland China is still dominated by retail investors. In the A-share futures market, besides hedging, speculation is also very active. Although it is impossible for any futures market to eliminate speculation, the main function of the normal futures market should be to hedge risks. Of course, it also allows speculation, but speculation cannot be the main body. If this market is dominated by speculation and supplemented by hedging, then this market is not very satisfactory. Since mainland China has a retail investor structure, the supervision of the futures market will be relatively strict to protect small and medium investors. The supervision of overseas futures market is relatively loose, because most participants in overseas futures market are large investors rather than retail investors, and most participants are mature investors and do not need too much intervention. In such a market, regulators may only need to guard against big risks. These are two regulatory philosophies.</p><p>The difference between these two regulatory philosophies makes it challenging to regulate the offshore issuance of A-share stock index futures products. During the process of launching A-share stock index futures products, the Hong Kong Stock Exchange fully communicated with regulatory agencies, and finally landed.</p><p>Acquisition of London Metal Exchange:</p><p>\"Intercept and\" the United States<a href=\"https://laohu8.com/S/ICE\">Intercontinental Exchange</a></p><p>Q: The acquisition of the London Metal Exchange (LME) is a surprising one in the development history of the Hong Kong Stock Exchange. Can you share the story behind it with you? Why do you think China needs to have global commodity pricing power at this stage?</p><p>Li Xiaojia: China is the world's largest importer of commodities. In many commodity categories, China is also a big exporter. Bulk commodities have a significant impact on China's economic development. However, due to historical reasons and the fact that many commodities are not originated in China, China does not have the pricing power of commodities. If you can't set a price, it is disadvantageous to always be the receiver of the price but not the maker. China is a rising star in the global capital market. Before entering the market, many people's poker games have already been set up. In most cases, China can only do according to the existing rules, but we need to have the ability to influence the pricing rules.</p><p>The best thing to do is to buy a commodity exchange, and this idea has always been in our minds. However, after such a long period of merger of commodity exchanges, the global exchanges are now concentrated in the hands of a few giants, and it is difficult to sell.</p><p>We were looking for a commodity exchange subject to acquire until we discovered the London Metal Exchange. It is a rare independent exchange with global influence in non-ferrous metals, but it does not belong to any giant. It was a membership system at that time, and the membership system actually gave external organizations the opportunity to acquire.</p><p>We had a strong competitor at that time, and the Intercontinental Exchange (ICE) in the United States had been eyeing the fat meat of the LME early, because the LME could help it make up for its shortcomings.</p><p>ICE gave an invitation to acquire at that time, and LME members were a little excited. When we heard the news, we thought about \"intercepting peace\". It's not easy, but we know very well in our hearts that we must take it down.</p><p>ICE underestimates the enemy and thinks that we probably won't buy it, because the Hong Kong Stock Exchange has never done commodity exchange business, and they think we are not good at commodity exchanges. I was very firm at that time. I said to the boss of ICE, \"Let's stop arguing. I will always pay a dollar more than you. Because this thing is in our hands, it is more valuable than anyone else's hands. I believe there is always a price that may be too expensive for you, but for us, nothing is expensive, as long as you can buy it, because China is so big and non-ferrous metals are so important.\"</p><p>Looking back, that was a great opportunity. Besides, there have been no exchanges to acquire in the past decade. Exchanges are an extremely rare infrastructure in the world. If you buy one, you will lose one. Therefore, if you can catch one, you will count one. Looking back now, the acquisition of LME is not only of strategic significance, but also a relatively successful commercial organization.</p><p>Reform the listing rules of HKEx:</p><p>Companies that do not make a profit can also go public and trade</p><p>Q: At present, the Hong Kong market has become the priority choice for global biotechnology companies to go public, which is inseparable from the reform of the listing rules of the Hong Kong Stock Exchange that year. Looking back, what do you think of this reform?</p><p>Li Xiaojia: Looking back, I will feel that everything is inevitable, but when I did it at that time, I faced many difficulties and opposed voices, but they also had their reasons. Exchanges always have to weigh between protecting small and medium-sized investors and innovation, but it is not so easy to tell clearly what is to protect investors. Protecting investors to extremes is not letting him do anything so he has nothing to lose, but this is ridiculous. If you stick to a rut and don't move forward in order to protect investors, this will not work.</p><p>Watching<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>It is very uncomfortable for us to leave such an enterprise. For exchanges, it is not terrible to miss a company, but it is unacceptable for us to miss a whole trend of the times. After repeated discussions and a little breakthrough, we finally completed the reform of the listing rules.</p><p>When it comes to biotechnology companies, they are too important to China. China is so big that the aging population is happening. If our life science research cannot be rapidly improved, life science and drug development will always rely on others, which may not work. For example, the business logic of overseas innovative drug companies is to develop innovative drugs that are effective for a widespread disease, and then sell them at high prices to achieve corporate profitability. But the drugs we need may not be one or two, but a large number, and the price cannot be very expensive. Therefore, we hope that enough companies will invest in life science research. This requires sufficient returns for research, and don't force our life scientists to go to western countries to achieve commercialization.</p><p>After clarifying this truth, we need to communicate and let everyone understand that unprofitable companies can also be listed and traded. For example, innovative drug companies cannot have income before the drug is approved.<a href=\"https://laohu8.com/S/600056\">China Pharmaceutical</a>After the reform is accelerated, we are more transparent about clinical approval while speeding up, and the approval of new drugs is quite strict. So, can we judge the profit potential of a company based on its position in the approval of new drugs? This is like saying that teenagers usually go to college when they reach the age of 18, but if they don't go to college, they go to the soldier. The latter itself is also strictly trained. Although he can't hand over a schoolwork report card to you after being a soldier, he has also gone through experience and become more mature.</p><p>At the beginning, we had the attitude of giving it a try. Now, Hong Kong has become the second largest biotechnology listed market in the world.</p><p>Q: Did you have any expectations for the first batch of listed companies? What if all the first businesses fail?</p><p>Li Xiaojia: At that time, some people also suggested that the first batch of queuing enterprises should be \"checked\" to a certain extent, so that the good ones should go first, and the first batch should not be made into chicken feathers.</p><p>But I don't think it's feasible because I don't think I know which is better. Maybe some experts tell me which one is good and which one is bad, but are these expert opinions necessarily reliable? Their opinions are not necessarily the same, and is there a conflict of interest behind them? I don't know either. If we think we understand well and make a judgment on who will go first and who will go later, this is a signal to the market: it must be good for the Hong Kong Stock Exchange to let go first. As long as the market initially feels that the Hong Kong Stock Exchange is in charge of this matter, everyone will stare at the hand of the Hong Kong Stock Exchange, and then this matter will go bad. There have been such problems in other markets.</p><p>Finally, the Hong Kong Stock Exchange will do it in a completely market-oriented and transparent way. We have explained the listing standards very clearly, and objectively meet the standards. Whoever is willing to go first will go first. If it succeeds in the future, it will succeed, and if it fails, it will fail. But if a shaped hand controls behind the back, and finally the market becomes a chicken feather, then everyone's trust in the market will disappear.</p><p>We also took a lot of risks at the time. There may be investors who fail to place two or three orders, which is something we can't do. This market in Hong Kong should be highly market-oriented. As a regulator, you can control fraud and information disclosure, but you don't decide who wins and who loses in the market.</p><p>Hong Kong's competitiveness:</p><p>To only regard Hong Kong as a bridge is to underestimate Hong Kong</p><p>Q: Hong Kong is a bridge connecting China and the world, and it is also an international financial center. What do you think of these two identities of Hong Kong?</p><p>Li Xiaojia: Hong Kong itself is a destination market, not just a bridge between the departure place and the arrival place. To just treat Hong Kong as a bridge is to underestimate Hong Kong.</p><p>Hong Kong's stock market is already globally competitive, but an international stock market alone is not enough. A true international financial center also needs the bond market, money market, gold market, commodity market, and data market and virtual asset market in the future. Backed by China, a huge economy, Hong Kong is duty-bound to develop these markets in the future. Although Hong Kong is a latecomer in these aspects, now, with the help of technology, we may also innovate methods and find the advantage of latecomer. Hong Kong has a lot to do in this respect.</p><p>Two key words in the Hong Kong market:</p><p>International rules + Chinese market</p><p>Q: Having worked and lived in Hong Kong for many years, what do you think is the greatest charm of Hong Kong?</p><p>Li Xiaojia: Hong Kong has an identity that cannot be deprived: it is the largest Chinese market in the world that operates in full accordance with international rules. There are two keys here: international rules and the Chinese market.</p><p>Hong Kong will always be a Chinese market and a market related to China. Everyone came to Hong Kong because China is the second largest economy in the world, and this economy will only get stronger and bigger. There may be many challenges, certain detours, or short-term ups and downs, but no one can stop China's development. At the same time, Hong Kong is not China's local market. It operates according to international rules, which distinguishes Hong Kong from cities such as Beijing and Shanghai.</p><p>If we recognize this core feature of Hong Kong, we must cherish the international rules, international atmosphere and international characteristics of the Hong Kong market. Hong Kong's Chinese characteristics cannot be deprived, and it exists in its genes; Its international characteristics are learned in history, which is commendable.</p><p>In this regard, I am very confident. Mainland regulators will not want to turn Hong Kong into another mainland Chinese market. There are already many markets in mainland China, and there is no need to have one more, but this is the only one that is completely international. It is very important to maintain Hong Kong's high degree of internationalization. Therefore, at present, it is more important to maintain its international rules and characteristics of the international market. As long as global investors are interested in China, if they choose not to enter the mainland market directly, Hong Kong is their starting point and may also become their destination. Maintaining an international positioning is the foundation for the long-term prosperity and stability of the Hong Kong market.</p><p>Message to young people in Hong Kong:</p><p>Create Hong Kong's future with people all over the world</p><p>Q: Standing at the present moment, what do you want to say to young people in Hong Kong?</p><p>Li Xiaojia: Young people should get rid of the thinking of \"zero-sum game\". Don't think that people from the mainland and other countries compete with local young people in Hong Kong, and there will be fewer opportunities. Openness and tolerance are one of the core spirits of Hong Kong. Only by bringing together talents from all over the world can Hong Kong innovate in full collision.</p><p>Hong Kong has no natural resource endowment. In the past, Hong Kong won by the rule of law, various market mechanisms, and the integration of Chinese and Western cultures. Today, Hong Kong should continue to carry forward these advantages, welcome opportunities, talents and resources from all over the world with an open and inclusive mind, and work with people all over the world to create Hong Kong's future and realize its own life value.</p><p>At the same time, young people in Hong Kong can also go global, study in the mainland and other countries and broaden their horizons. It is a win-win situation for everyone to make the \"cake\" bigger together, and it is also the only way for Hong Kong to prosper.</p><p></body></html></p>","source":"CHINAFINANCE40FORUM","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>Li Xiaojia recalls the past of the Hong Kong Stock Exchange: a napkin writes down the stock interconnection plan</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nLi Xiaojia recalls the past of the Hong Kong Stock Exchange: a napkin writes down the stock interconnection plan\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">中国金融四十人...</strong><span class=\"h-time small\">2022-07-02 09:26</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Li Xiaojia, former CEO of HKEx, said that today's Hong Kong should help mainland residents realize global asset allocation, help Chinese and foreign investors manage onshore investment risks offshore, and gradually help China realize international pricing of commodities and currencies. From 2010 to 2020, Li Xiaojia was in charge of the Hong Kong Stock Exchange for 11 years, which is the highlight of the 25-year chapter of the Hong Kong Special Administrative Region.</p><p>As one of the most important financial infrastructures, HKEx is the most vivid embodiment of the integration of Hong Kong and the mainland's financial markets. It highlights Hong Kong's internationalization and legalization, and demonstrates Hong Kong's pragmatic and innovative urban spirit. On the occasion of the 25th anniversary of the establishment of the Hong Kong Special Administrative Region, Li Xiaojia, former chief executive of the Hong Kong Stock Exchange and founder of Drip Irrigation, was interviewed to detail the past of Hong Kong.</p><p><img src=\"https://static.tigerbbs.com/a9313f33385fa7f04ff3718108ba777d\" tg-width=\"720\" tg-height=\"449\" referrerpolicy=\"no-referrer\"/></p><p>In Li Xiaojia's eyes, Hong Kong is a Chinese market operating in accordance with international rules, and openness and tolerance are one of the core spirits of this city. He believes that young people should open their minds and work with people all over the world to create the future of Hong Kong and realize their own life value.</p><p>Li Xiaojia believes that today's Hong Kong should play triple roles: first, helping mainland residents realize global asset allocation; The second is to help Chinese and foreign investors manage onshore investment risks offshore; The third is to gradually help China realize the international pricing of commodities and currencies. Hong Kong has been working hard in these three areas in the past, and will make greater progress in the future.</p><p>Stock interconnection:</p><p>Write down the plan on a napkin</p><p>Q: In your collection of essays, you mentioned that Hong Kong should do three things. The first one is to help mainland residents achieve global allocation. The Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect opened in recent years can be attributed to efforts in this direction. Looking back at history, what was the biggest difficulty encountered by Shanghai-Hong Kong Stock Connect at that time?</p><p>Li Xiaojia: After 2000, financial practitioners in both places are looking forward to opening up the markets of the two places. This is a dream of our generation of financial people. Since 2012, the Hong Kong Stock Exchange has begun to work in this direction. At that time, market participants, regulators and exchanges reached a consensus to some extent: mainland investors needed to invest in overseas markets, while international investors needed to invest in the mainland. But how to implement it systematically and in a risk-controllable way? There is no blueprint for this.</p><p>Not only that, there seems to be a pair of contradictions here. On the one hand, to achieve the above goals, we must take the road of marketization, and we can't set too many restrictions on transactions, otherwise the connection between the two places will become a display; On the other hand, China's capital account has not been fully liberalized, and neither have the exchange rate and interest rate. This kind of Unicom needs to avoid frequent capital inflows and outflows caused by cross-border capital flows. This was the core problem faced by Shanghai-Hong Kong Stock Connect at that time.</p><p>How to solve this contradiction? After a long period of hard thinking, we and Gui Minjie, then chairman of the Shanghai Stock Exchange, finally found a way. In my impression, Gui Minjie and I were discussing how to solve this contradiction in a small teahouse in Shenzhen, and finally wrote down the plan on a napkin.</p><p>Since we all believe that transactions must be market-oriented, otherwise the price discovery function of the market cannot be fully realized, and we all believe that funds cannot go in and out disorderly, can we separate transactions from clearing? How exactly is it done? It is net liquidation.</p><p>Net liquidation is not a new thing, and many investment banks and stockbrokers have adopted it. For example, if you are a customer of investment bank X and he is a customer of investment bank Y, the transactions between you will be cleared through the clearing house; If both of you are X's clients, then X may calculate the net amount of your transaction first, and then clear it with the clearing house. However, this kind of netting was not widely used before. We think Shanghai-Hong Kong Stock Connect is very suitable for adopting such a clearing mode.</p><p>Mainland customers buy and sell Hong Kong stocks through Shanghai-Hong Kong Stock Connect every day, but they do not directly and<a href=\"https://laohu8.com/S/00388\">HKEX</a>Settlement, but through China Clearing on behalf of all customers who use Hong Kong Stock Connect, it will uniformly settle with the Hong Kong Stock Exchange. Similarly, international investors who buy and sell A shares through Shanghai Stock Connect do not settle directly with Shanghai Stock Exchange, but the Hong Kong Stock Exchange settles with Shanghai Stock Exchange on behalf of all international investors who buy and sell A shares through Shanghai Stock Connect.</p><p>For example, it is somewhat similar to the general manager of Shanghai Stock Exchange and the president of Hong Kong Stock Exchange exchanging securities and cash for customers on both sides of Shenzhen Bridge after the close of trading every day, thus avoiding the frequent entry and exit of funds.</p><p>In hindsight, this seemed natural, but until we thought of this solution, we were at a loss. Today, when you inquire about shareholding data, you often see the words \"Hong Kong Securities Clearing Center\". This means that the Hong Kong Stock Exchange holds A shares through Shanghai Stock Connect and Shenzhen Stock Connect on behalf of many international investors.</p><p>Unfortunately, the \"napkin of history\" can't be found. If we can find it, we hope to use it as a souvenir.</p><p>Q: Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect have been running for a long time. What do you think is the biggest impact of the stock interconnection mechanism on A-shares and Hong Kong stocks?</p><p>Li Xiaojia: I think the most important influence is the collision of investment ideas between the two sides. For example, the stock interconnection mechanism is a bit like the estuary of the Yangtze River and the estuary of the East China Sea, which intersect with each other. Fish in the intersection of sea water and fresh water usually have special skills: they can survive in both fresh water and salt water, and have stronger vitality.</p><p>With the stock interconnection mechanism, mainland funds can more and more be in line with international rules and international development, and international investors can more and more understand the Chinese market and get a share of the development of the world's second largest economy.</p><p>The overseas market is a very diverse market, with money from the United States, Europe, Japan and other countries participating, just like the sea. At present, the mainland market is relatively close to fresh water, which is relatively homogeneous water. But as a big economy, China's market will eventually go global, and the world will also go into China. Stock connectivity is a small step in this megatrend.</p><p>Launch of offshore A-share stock index futures:</p><p>After waiting for 16 years, it finally achieved positive results</p><p>Q: The second thing you mentioned that Hong Kong should do is to provide Chinese and foreign investors with tools to manage onshore risks offshore. Now the Hong Kong Stock Exchange also has offshore A-share stock index futures. Why launch A-share stock index futures offshore?</p><p>Li Xiaojia: Through the stock interconnection mechanism, international investors can enter China's spot market on a relatively large scale. Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect are related to spot trading. Along with spot trading, futures are generally needed for risk control and hedging. This is a natural configuration. A market is incomplete if it only has spot but no futures. Of course, futures are sometimes out of shape, but the risk of out of shape can be controlled through various methods. A market lacking futures cannot develop soundly.</p><p>A large number of international investors behind Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect need futures products to hedge risks. However, the mainland futures market itself has not yet been opened, and interconnection has not included futures. Since it cannot be done onshore, there should be futures products in the offshore market for international investors to use to manage risks.</p><p>In<a href=\"https://laohu8.com/S/S68.SI\">Singapore Exchange</a>After the launch of A-share stock index futures, the Hong Kong Stock Exchange waited for 16 years, and finally launched a new A-share stock index futures after full regulatory communication, which achieved positive results. The waiting process was very painful, but in hindsight, being a little slow wasn't necessarily a bad thing.</p><p>It should be pointed out that the market characteristics of the two places determine that the supervision of stock index futures in the two places is also different.</p><p>The A-share market in mainland China is still dominated by retail investors. In the A-share futures market, besides hedging, speculation is also very active. Although it is impossible for any futures market to eliminate speculation, the main function of the normal futures market should be to hedge risks. Of course, it also allows speculation, but speculation cannot be the main body. If this market is dominated by speculation and supplemented by hedging, then this market is not very satisfactory. Since mainland China has a retail investor structure, the supervision of the futures market will be relatively strict to protect small and medium investors. The supervision of overseas futures market is relatively loose, because most participants in overseas futures market are large investors rather than retail investors, and most participants are mature investors and do not need too much intervention. In such a market, regulators may only need to guard against big risks. These are two regulatory philosophies.</p><p>The difference between these two regulatory philosophies makes it challenging to regulate the offshore issuance of A-share stock index futures products. During the process of launching A-share stock index futures products, the Hong Kong Stock Exchange fully communicated with regulatory agencies, and finally landed.</p><p>Acquisition of London Metal Exchange:</p><p>\"Intercept and\" the United States<a href=\"https://laohu8.com/S/ICE\">Intercontinental Exchange</a></p><p>Q: The acquisition of the London Metal Exchange (LME) is a surprising one in the development history of the Hong Kong Stock Exchange. Can you share the story behind it with you? Why do you think China needs to have global commodity pricing power at this stage?</p><p>Li Xiaojia: China is the world's largest importer of commodities. In many commodity categories, China is also a big exporter. Bulk commodities have a significant impact on China's economic development. However, due to historical reasons and the fact that many commodities are not originated in China, China does not have the pricing power of commodities. If you can't set a price, it is disadvantageous to always be the receiver of the price but not the maker. China is a rising star in the global capital market. Before entering the market, many people's poker games have already been set up. In most cases, China can only do according to the existing rules, but we need to have the ability to influence the pricing rules.</p><p>The best thing to do is to buy a commodity exchange, and this idea has always been in our minds. However, after such a long period of merger of commodity exchanges, the global exchanges are now concentrated in the hands of a few giants, and it is difficult to sell.</p><p>We were looking for a commodity exchange subject to acquire until we discovered the London Metal Exchange. It is a rare independent exchange with global influence in non-ferrous metals, but it does not belong to any giant. It was a membership system at that time, and the membership system actually gave external organizations the opportunity to acquire.</p><p>We had a strong competitor at that time, and the Intercontinental Exchange (ICE) in the United States had been eyeing the fat meat of the LME early, because the LME could help it make up for its shortcomings.</p><p>ICE gave an invitation to acquire at that time, and LME members were a little excited. When we heard the news, we thought about \"intercepting peace\". It's not easy, but we know very well in our hearts that we must take it down.</p><p>ICE underestimates the enemy and thinks that we probably won't buy it, because the Hong Kong Stock Exchange has never done commodity exchange business, and they think we are not good at commodity exchanges. I was very firm at that time. I said to the boss of ICE, \"Let's stop arguing. I will always pay a dollar more than you. Because this thing is in our hands, it is more valuable than anyone else's hands. I believe there is always a price that may be too expensive for you, but for us, nothing is expensive, as long as you can buy it, because China is so big and non-ferrous metals are so important.\"</p><p>Looking back, that was a great opportunity. Besides, there have been no exchanges to acquire in the past decade. Exchanges are an extremely rare infrastructure in the world. If you buy one, you will lose one. Therefore, if you can catch one, you will count one. Looking back now, the acquisition of LME is not only of strategic significance, but also a relatively successful commercial organization.</p><p>Reform the listing rules of HKEx:</p><p>Companies that do not make a profit can also go public and trade</p><p>Q: At present, the Hong Kong market has become the priority choice for global biotechnology companies to go public, which is inseparable from the reform of the listing rules of the Hong Kong Stock Exchange that year. Looking back, what do you think of this reform?</p><p>Li Xiaojia: Looking back, I will feel that everything is inevitable, but when I did it at that time, I faced many difficulties and opposed voices, but they also had their reasons. Exchanges always have to weigh between protecting small and medium-sized investors and innovation, but it is not so easy to tell clearly what is to protect investors. Protecting investors to extremes is not letting him do anything so he has nothing to lose, but this is ridiculous. If you stick to a rut and don't move forward in order to protect investors, this will not work.</p><p>Watching<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>It is very uncomfortable for us to leave such an enterprise. For exchanges, it is not terrible to miss a company, but it is unacceptable for us to miss a whole trend of the times. After repeated discussions and a little breakthrough, we finally completed the reform of the listing rules.</p><p>When it comes to biotechnology companies, they are too important to China. China is so big that the aging population is happening. If our life science research cannot be rapidly improved, life science and drug development will always rely on others, which may not work. For example, the business logic of overseas innovative drug companies is to develop innovative drugs that are effective for a widespread disease, and then sell them at high prices to achieve corporate profitability. But the drugs we need may not be one or two, but a large number, and the price cannot be very expensive. Therefore, we hope that enough companies will invest in life science research. This requires sufficient returns for research, and don't force our life scientists to go to western countries to achieve commercialization.</p><p>After clarifying this truth, we need to communicate and let everyone understand that unprofitable companies can also be listed and traded. For example, innovative drug companies cannot have income before the drug is approved.<a href=\"https://laohu8.com/S/600056\">China Pharmaceutical</a>After the reform is accelerated, we are more transparent about clinical approval while speeding up, and the approval of new drugs is quite strict. So, can we judge the profit potential of a company based on its position in the approval of new drugs? This is like saying that teenagers usually go to college when they reach the age of 18, but if they don't go to college, they go to the soldier. The latter itself is also strictly trained. Although he can't hand over a schoolwork report card to you after being a soldier, he has also gone through experience and become more mature.</p><p>At the beginning, we had the attitude of giving it a try. Now, Hong Kong has become the second largest biotechnology listed market in the world.</p><p>Q: Did you have any expectations for the first batch of listed companies? What if all the first businesses fail?</p><p>Li Xiaojia: At that time, some people also suggested that the first batch of queuing enterprises should be \"checked\" to a certain extent, so that the good ones should go first, and the first batch should not be made into chicken feathers.</p><p>But I don't think it's feasible because I don't think I know which is better. Maybe some experts tell me which one is good and which one is bad, but are these expert opinions necessarily reliable? Their opinions are not necessarily the same, and is there a conflict of interest behind them? I don't know either. If we think we understand well and make a judgment on who will go first and who will go later, this is a signal to the market: it must be good for the Hong Kong Stock Exchange to let go first. As long as the market initially feels that the Hong Kong Stock Exchange is in charge of this matter, everyone will stare at the hand of the Hong Kong Stock Exchange, and then this matter will go bad. There have been such problems in other markets.</p><p>Finally, the Hong Kong Stock Exchange will do it in a completely market-oriented and transparent way. We have explained the listing standards very clearly, and objectively meet the standards. Whoever is willing to go first will go first. If it succeeds in the future, it will succeed, and if it fails, it will fail. But if a shaped hand controls behind the back, and finally the market becomes a chicken feather, then everyone's trust in the market will disappear.</p><p>We also took a lot of risks at the time. There may be investors who fail to place two or three orders, which is something we can't do. This market in Hong Kong should be highly market-oriented. As a regulator, you can control fraud and information disclosure, but you don't decide who wins and who loses in the market.</p><p>Hong Kong's competitiveness:</p><p>To only regard Hong Kong as a bridge is to underestimate Hong Kong</p><p>Q: Hong Kong is a bridge connecting China and the world, and it is also an international financial center. What do you think of these two identities of Hong Kong?</p><p>Li Xiaojia: Hong Kong itself is a destination market, not just a bridge between the departure place and the arrival place. To just treat Hong Kong as a bridge is to underestimate Hong Kong.</p><p>Hong Kong's stock market is already globally competitive, but an international stock market alone is not enough. A true international financial center also needs the bond market, money market, gold market, commodity market, and data market and virtual asset market in the future. Backed by China, a huge economy, Hong Kong is duty-bound to develop these markets in the future. Although Hong Kong is a latecomer in these aspects, now, with the help of technology, we may also innovate methods and find the advantage of latecomer. Hong Kong has a lot to do in this respect.</p><p>Two key words in the Hong Kong market:</p><p>International rules + Chinese market</p><p>Q: Having worked and lived in Hong Kong for many years, what do you think is the greatest charm of Hong Kong?</p><p>Li Xiaojia: Hong Kong has an identity that cannot be deprived: it is the largest Chinese market in the world that operates in full accordance with international rules. There are two keys here: international rules and the Chinese market.</p><p>Hong Kong will always be a Chinese market and a market related to China. Everyone came to Hong Kong because China is the second largest economy in the world, and this economy will only get stronger and bigger. There may be many challenges, certain detours, or short-term ups and downs, but no one can stop China's development. At the same time, Hong Kong is not China's local market. It operates according to international rules, which distinguishes Hong Kong from cities such as Beijing and Shanghai.</p><p>If we recognize this core feature of Hong Kong, we must cherish the international rules, international atmosphere and international characteristics of the Hong Kong market. Hong Kong's Chinese characteristics cannot be deprived, and it exists in its genes; Its international characteristics are learned in history, which is commendable.</p><p>In this regard, I am very confident. Mainland regulators will not want to turn Hong Kong into another mainland Chinese market. There are already many markets in mainland China, and there is no need to have one more, but this is the only one that is completely international. It is very important to maintain Hong Kong's high degree of internationalization. Therefore, at present, it is more important to maintain its international rules and characteristics of the international market. As long as global investors are interested in China, if they choose not to enter the mainland market directly, Hong Kong is their starting point and may also become their destination. Maintaining an international positioning is the foundation for the long-term prosperity and stability of the Hong Kong market.</p><p>Message to young people in Hong Kong:</p><p>Create Hong Kong's future with people all over the world</p><p>Q: Standing at the present moment, what do you want to say to young people in Hong Kong?</p><p>Li Xiaojia: Young people should get rid of the thinking of \"zero-sum game\". Don't think that people from the mainland and other countries compete with local young people in Hong Kong, and there will be fewer opportunities. Openness and tolerance are one of the core spirits of Hong Kong. Only by bringing together talents from all over the world can Hong Kong innovate in full collision.</p><p>Hong Kong has no natural resource endowment. In the past, Hong Kong won by the rule of law, various market mechanisms, and the integration of Chinese and Western cultures. Today, Hong Kong should continue to carry forward these advantages, welcome opportunities, talents and resources from all over the world with an open and inclusive mind, and work with people all over the world to create Hong Kong's future and realize its own life value.</p><p>At the same time, young people in Hong Kong can also go global, study in the mainland and other countries and broaden their horizons. It is a win-win situation for everyone to make the \"cake\" bigger together, and it is also the only way for Hong Kong to prosper.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s?__biz=MjM5NjgyNDk4NA==&mid=2686111124&idx=1&sn=afe2babeedbbdcc19b5b6a3a168027f5&chksm=830d3f63b47ab6753a5c9b8b0d7d3c5454932044cd3f22ff46c992984cb1d9af419ed7dd8b77&scene=126&&sessionid=1656671157\">中国金融四十人...</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a9313f33385fa7f04ff3718108ba777d","relate_stocks":{"BK1131":"金融交易所和数据","00388":"香港交易所","BK1589":"北水核心资产","BK1521":"挪威政府全球养老基金持仓"},"source_url":"https://mp.weixin.qq.com/s?__biz=MjM5NjgyNDk4NA==&mid=2686111124&idx=1&sn=afe2babeedbbdcc19b5b6a3a168027f5&chksm=830d3f63b47ab6753a5c9b8b0d7d3c5454932044cd3f22ff46c992984cb1d9af419ed7dd8b77&scene=126&&sessionid=1656671157","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2248969823","content_text":"港交所前行政总裁李小加表示，当今的香港应该帮助内地居民实现全球资产配置，帮助中外投资者离岸管理在岸投资风险，逐步帮助中国实现商品和货币的国际定价。2010年~2020年，李小加执掌港交所11年，正是香港特别行政区25年华章中浓墨重彩的段落。作为最重要的金融基础设施之一，港交所是香港与内地金融市场融合最鲜明的体现，它彰显香港国际化、法制化，展现香港务实、创新的城市精神。在香港特别行政区成立25周年之际，港交所前行政总裁、滴灌通创始人李小加接受了采访，细述香港往事。在李小加眼中，香港是按照国际规则运作的中国市场，开放、包容是这座城市的核心精神之一。他认为，年轻人应该敞开胸怀，和全世界的人一起创造香港的未来，实现自己的人生价值。李小加认为，当今的香港应该扮演三重角色：第一是帮助内地居民实现全球资产配置；第二是帮助中外投资者离岸管理在岸投资风险；第三是逐步帮助中国实现商品和货币的国际定价。香港过去一直在这三个方面努力，未来会取得更大的进步。股票互联互通：在一张餐巾纸上写下方案Q：你在随笔集中谈到香港要做三件事，第一件是帮助内地居民实现全球配置，近年开通的沪港通、深港通可归于这个方向上的努力。回望历史，沪港通当时碰到的最大困难是什么？李小加：2000年以后，两地的金融从业者都期待可以打通两地市场。这是我们这一代金融人的一个梦想。从2012年开始，港交所开始往这个方向努力。当时，市场参与者、监管机构和交易所一定程度上达成共识：内地的投资者需要投资海外市场，而国际投资者需要投资内地。但怎么系统地、以风险可控的方式实现它呢？这是没有蓝图的。不仅如此，这里似乎存在一对矛盾。一方面，达成上述目标必须走市场化道路，不能对交易设太多限制，否则两地的联通就成了摆设；另一方面，中国的资本项还没有完全放开，汇率和利率也没有完全放开。这种联通又需要避免资本跨境流动带来的频繁的资金大进大出。这是沪港通当时面临的最核心的问题。怎么解决这一对矛盾呢？经过长时间的苦思冥想，我们和时任上交所理事长桂敏杰一起最终找到了一个办法。我印象中，我和桂敏杰当时在深圳的一个小茶馆里讨论怎么解决这对矛盾，最终在一张餐巾纸上写下了方案。既然我们都认为交易必须市场化，否则市场的价格发现功能不能完全实现，我们也都认为资金不能够无序地进进出出，那么，我们能不能把交易和清算分开呢？究竟是怎么做的呢？就是净量清算。净量清算并不是新事物，很多投行、股票经纪商都采用过。比如你如果是投行X的客户，他是投行Y的客户，你们之间的交易就要通过清算所清算；如果你们两人都是X的客户，那么X可能先计算你们交易的净额，再和清算所清算。只不过，这种净额清算之前不太被广泛使用。我们认为沪港通很适合采用这样一种清算模式。内地客户每天通过沪港通买卖港股，但他们不直接和香港交易所结算，而是通过中国结算代表所有使用港股通的客户来统一和港交所结算。同样的，通过沪股通通道买卖A股的国际投资者也不直接和上海证券交易所结算，而是由香港交易所代表所有通过沪股通买卖A股的国际投资者统一和上海证券交易所结算。打个比方，有点类似于每天收盘之后，上交所的总经理和港交所的总裁在深圳大桥替两边的客户交换证券和现金，这样就避免了资金频繁出入境。事后来看这似乎是自然而然，但在想到这个办法之前，我们是一筹莫展。今天大家查询持股数据经常看到“香港中央结算中心”这样的字眼。这意味着港交所代表很多国际投资者通过沪股通、深股通持有A股。很可惜，那张“历史的餐巾纸”找不着了，如果能找到的话，我们还希望能够把它当做一种纪念。Q：沪港通、深港通现在已经运行很长时间了，你认为股票互联互通机制对A股和港股最大的影响是什么？李小加：我觉得最重要的影响是两边投资理念的碰撞。打个比方，股票互联互通机制有点像长江入海口和东海入海口，相互交汇。海水和淡水相互交汇区的鱼，通常具有特殊的技能：它既可以在淡水里存活，也能在咸水里面存活，拥有更强劲的生命力。有了股票互联互通机制之后，内地资金越来越能和国际规则和国际发展接轨，国际投资者也越来越能理解中国市场，能在全球第二大经济体的发展中分得一杯羹。海外的市场是非常多元的市场，有美国、欧洲、日本等各国的钱在参与，如同大海一样。内地市场目前还比较接近淡水，它是比较同质的水。但中国作为一个大经济体，最终我们的市场会走向世界，世界也会走进中国。股票互联互通是这个大趋势的一小步。推出离岸A股股指期货：等了16年终于修成正果Q：你提到的香港要做的第二件事，就是为中外投资者在离岸提供管理在岸风险的工具，现在的港交所也有了离岸的A股股指期货。为什么要在离岸推出A股股指期货？李小加：通过股票互联互通机制，国际投资者可以比较大规模地进入中国的现货市场。沪港通和深港通关乎现货交易。伴随着现货交易，一般需要有期货进行风险管控和对冲。这是很自然的配置。一个市场如果只有现货没有期货，它是不完整的。当然，期货有的时候会走样，但走样的风险可通过各种各样的办法管控。一个缺失期货的市场，它的发展是不可能健全的。沪港通、深港通背后大量的国际投资者，需要有期货产品对冲风险，可是内地的期货市场本身还没有开放，互联互通也没有把期货包括在里边。既然在岸不能做，离岸市场就应该有期货产品让国际投资者用于管理风险。在新加坡交易所推出A股股指期货之后，港交所等了16年，终于在监管充分沟通后推出了新的A股股指期货，修成了正果。等待的过程非常痛苦，但事后来看，慢一点也不一定是坏事。需要指出的是，两地市场特点决定两地对股指期货的监管也是不同的。中国内地的A股市场还是以散户为主。A股的期货市场，对冲之外，投机行为也非常活跃。尽管任何期货市场都不可能消除投机，但正常的期货市场的主体功能应该是实现对冲风险的功能。当然，它也允许投机行为，但投机不能成为主体。如果这个市场以投机为主、对冲为辅，那么，这个市场就不是很令人满意的。由于中国内地是散户为主的投资者结构，所以，期货市场监管相对来说会比较严格，以保护中小投资者。海外期货市场的监管相对比较松，因为海外期货市场参与者绝大部分是大户不是散户，绝大多数参与者是成熟的投资者，不需要过多地干预。这样的市场，监管者可能只需要把大风险防范住就好了。这是两种监管哲学。这两种监管哲学的区别使得监管离岸发行A股股指期货产品面临挑战。港交所在推出A股股指期货产品的过程中和监管机构进行了充分沟通，最终才落地。收购伦敦金属交易所：“截和”美国洲际交易所Q：收购伦敦金属交易所（LME）是港交所发展历史中令人感到意外的一笔，能不能与大家分享一下背后的故事？为什么你觉得在这一阶段中国需要在全球拥有商品定价权？李小加：中国是世界上最大的商品进口国，在很多商品品类上，中国也是很大的出口国，大宗商品对中国经济发展的影响重大。但是，由于历史原因以及很多商品产地不在中国，中国未掌握商品的定价权。如果不能定价，永远作为价格的接受者却不是制定者，这是不利的。中国是全球资本市场的后起之秀，入场之前，很多时候人家牌局都已经摆好了。大多数情况下，中国只能按照现有的规则来做，但我们需要拥有影响定价规则的能力。最好的办法就是买一个商品交易所，这个想法一直在我们的脑子里。但是，商品交易所经过这么长时间的兼并，现在全球的交易所集中在几个巨头手中，很难卖出来。我们一直在寻找一个可以收购的商品交易所标的，直到发现伦敦金属交易所。它是很少见的在有色金属方面具有全球影响力的，但不属于任何巨头的独立交易所。它当时是会员制的，会员制实际是给了外部机构收购的机会。我们当时有一个强有力的竞争对手，美国的洲际交易所（ICE）早早就盯上了LME这块肥肉，因为LME可以帮它补齐短板。ICE当时给了一个收购的邀约，LME的会员有点心动。我们听到了消息，就想着去“截和”。这不是容易的事，但我们心里很清楚，必须夺下来。ICE有些轻敌，认为我们大概是不会买的，因为港交所没有做过商品交易所业务，他们认为我们对商品交易所不在行。我当时态度很坚定，我对ICE的老板说：“咱别争了，我永远会比你多付一块钱。因为这个东西在我们手里，比在任何其他人手上都更值钱。我相信总有一个价格可能对你来说太贵了，但对我们来说，没有贵的，只要能买到，因为中国这么大，有色金属这么重要。”回过头来看，那是一个很好的机会。除此以外，过去十年没有任何交易所可以收购。交易所是全世界极其稀有的一种基础设施，买一个少一个，所以，能抓一个算一个。现在回头看，收购LME不仅有战略意义，目前也是一个较为成功的商业机构。改革港交所上市规则：没有盈利的公司也可以上市交易Q：目前香港市场已经成为全球生物科技类企业上市的优先选择，这与当年港交所的上市规则改革分不开。回头来看，你怎么看这项改革？李小加：回头去看，会觉得一切都是必然的，但当时做的时候，面临很多困难，反对的声音很多，不过也有他们的道理。交易所永远要在保护中小投资者和创新之间权衡，但究竟怎样才是保护投资者，却不是那么容易说清的。保护投资者推到极端就是什么都不让他干，这样他就不会有任何损失，但这是荒谬的。如果为了保护投资者一味墨守成规，不往前走，这是不行的。眼看着阿里巴巴这样的企业离开，我们是很难受的。对于交易所来说，错失一家企业不可怕，但是如果错过一整个时代潮流，那是我们不能接受的。痛定思痛，经过反复讨论、一点点突破，我们最终完成了上市规则的改革。说到生物科技类企业，它们对中国太重要了。中国这么大，人口老龄化正在发生。如果我们的生命科学的研究不能迅速提升，生命科学和药物开发永远依靠别人，这可能是不行的。举例来说，海外创新药企业的商业逻辑是致力于开发对某种广泛存在的疾病有效的创新药，然后以高价销售，实现企业的盈利。但我们需要的药可能不是一个两个，而是大量的，价格不能很贵，所以，我们希望有足够多的企业投入生命科学的研究。这需要让研究有足够的回报，不要逼着我们的生命科学家最终只能去西方国家实现商业化。明确了这个道理之后，我们就需要沟通，让大家明白没有盈利的公司也是可以上市交易的。例如创新药企业，药没批之前，它是不可能有收入的。中国医药改革提速以后，我们对临床审批提速的同时也更加透明，并且新药审批是相当严格的。那么，我们能不能根据企业在新药审批中所处的位置来判断它的盈利潜力？这好比说，青少年到了18岁通常会去上大学，但如果没上大学，而是去当兵，后者本身也是严格的训练，当完兵虽然他没法给你交出一份课业成绩单，但也经过了历练，人也变得更成熟。当初我们是抱着试一试的态度，如今，香港变成了这个世界上第二大生物科技上市市场。Q：你们当初对第一批上市企业有期待吗？如果第一批企业全部失败怎么办？李小加：当时也有人建议对第一批排队企业进行一定的“把关”，让好的先上，不要第一批就做成一地鸡毛。但我认为这是不可行的，因为我不认为我知道哪个更好。或许有专家告诉我哪个好哪个不好，可这些专家意见就一定可靠吗？他们的意见不一定一致，而且背后有没有利益冲突？我也不知道。如果我们以为自己很懂，做出判断谁先上谁后上，这是给市场信号：港交所让先上的一定是好的。只要市场一开始觉得由港交所来管这个事，大家就会盯着港交所这只手，那么，这个事就变味了。其他市场出现过这样的问题。最后，港交所以完全市场化、透明化的方式来做。我们把上市标准交代得很清晰，客观上符合标准了，谁愿意先上，谁就先上，以后成功了那就成功了，失败了就失败了。但如果一只有形的手在背后控制，最后市场成为一地鸡毛，那么，大家对市场的信任会荡然无存。我们当时也承担了很大的风险。可能有投资者投两三个单都不成功，这是我们没有办法的事。香港这个市场应该是高度市场化的。一个监管者，你可以把欺诈管住，把信息披露管住，但是，你不要在市场上决定谁赢谁输。香港的竞争力：仅把香港当成桥梁是低估了香港Q：香港是连接中国和世界的桥梁，它本身也是一个国际金融中心。怎么看香港的这两重身份？李小加：香港本身就是一个目的市场，而不只是出发地和抵达地之间的桥梁。仅仅把香港当成桥梁是低估了香港。香港的股票市场已经具有全球竞争力，但是，单有国际性的股票市场还不够。真正的国际金融中心还需要债券市场、货币市场、黄金市场、大宗商品市场，未来还需要数据市场、虚拟资产市场。背靠中国这个巨大的经济体，香港责无旁贷，未来要把这些市场做起来。虽然在这些方面香港是后来者，但是，现在借助技术的力量，我们也可能创新方法，找到后发优势。香港在这方面大有可为。香港市场的两个关键词：国际规则+中国市场Q：在香港工作、生活多年，你觉得香港这座城最大的魅力在哪里？李小加：香港有一个身份是无法剥夺的：它是世界上最大的完全按照国际规则运作的中国市场。这里有两个关键：国际规则、中国市场。香港永远是一个中国市场，是和中国有关的市场。大家来到香港，就是因为中国是世界上第二大的经济体，而且这个经济体只会越来越强，越来越大，可能有很多的挑战，可能走一定的弯路，也可能有短期的上上下下，但谁也挡不住中国的发展之路。同时，香港又不是中国本土市场，它是按照国际规则运作的，这就将香港和北京、上海等城市区分开来。如果认识到香港的这个核心特点，我们就一定要珍惜香港市场的国际规则、国际氛围、国际特色。香港的中国特色是剥夺不了的，它的基因里面就存在的；它的国际特色是在历史中习得的，这是难能可贵的。对此，我非常有信心。内地监管者不会想把香港变成另外一个中国内地市场。中国内地市场已经很多了，没有必要再多一个，可是完全国际化的就差这一个。保持香港的高度国际化是非常重要的。所以，目前更重要的是保持它的国际规则和国际市场的特点。全球投资者只要对中国有兴趣，如果他们选择不直接进入到内地市场，香港是他们的出发地，也可能成为目的地。保持国际化定位是香港市场长期繁荣稳定的基础。寄语香港年轻人：和全世界的人共创香港的未来Q：站在当下时点，你想对香港的年轻人说什么？李小加：年轻人要摆脱“零和博弈”的思维，不要认为内地的人、其他国家来的人与香港本地的年轻人竞争，机会变少了。开放、包容是香港的核心精神之一。汇集四方人才，在充分的碰撞中，香港才能有创新。香港无自然资源禀赋，过去香港赢在法治，赢在各种市场机制，赢在融会贯通、中西合璧，今天香港要继续发扬这些优势，以开放、包容的心态，迎接来自全世界的机会、人才、资源，和全世界的人一起创造香港的未来，实现自己的人生价值。同时，香港的年轻人也可以走向世界，去内地、去其他国家学习一下，开阔眼界。大家一起把“蛋糕”做大，是共赢的事情，也是香港繁荣的必由之路。","news_type":1,"symbols_score_info":{"00388":1}},"isVote":1,"tweetType":1,"viewCount":2524,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9059802801,"gmtCreate":1654319341103,"gmtModify":1676535431779,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"OK like pls&nbsp;","listText":"OK like pls&nbsp;","text":"OK like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9059802801","repostId":"2240200693","repostType":4,"repost":{"id":"2240200693","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1654309160,"share":"https://ttm.financial/m/news/2240200693?lang=en_US&edition=fundamental","pubTime":"2022-06-04 10:19","market":"us","language":"en","title":"If Oil Keeps Rising, These 5 Exploration Stocks Could Benefit","url":"https://stock-news.laohu8.com/highlight/detail?id=2240200693","media":"Dow Jones","summary":"Oil could be headed for $150 a barrel. That might not be good for the economy, but it would be great","content":"<html><head></head><body><p>Oil could be headed for $150 a barrel. That might not be good for the economy, but it would be great news for energy stocks.</p><p>Crude prices had been under pressure since peaking in March, as investors fretted about a potential recession in the U.S. But after getting knocked down as low as $94.29 on April 11, the price of oil has been steadily rising, while making higher highs and higher lows.</p><p>That didn&#39;t change this past week, when the price of oil rose 3.3%, a week that might have been the last best chance to avoid another oil breakout. The reason: The Organization of the Petroleum Exporting Countries announced it would raise production targets to 684,000 barrels a day, up from the current 432,000. It was an acknowledgment that, given the combination of sanctions on Russia and China lifting its Covid-19 restrictions, more oil was needed to keep demand from far outstripping supply.</p><p>Still, it&#39;s probably not enough, says Helima Croft, head of global commodity strategy at RBC Capital Markets. &#34;We think that too big of a burden is probably being placed on OPEC to offset the economic damage caused by a war involving the world&#39;s commodity superstore,&#34; she explains.</p><p>It didn&#39;t help that the European Union announced a limited embargo on Russian oil while U.S. oil inventories fell by 5.07 million barrels, far more than the expected 1.35 million decline. Oil is now trading above $116 a barrel, its highest price since March. That leaves West Texas Intermediate crude, the U.S. benchmark, set up to break the 52-week high of $123.70 reached on March 8. &#34;You can&#39;t stop crude; you can only hope to contain the damage that the run to $150 will wreak on the market and the economy(s),&#34; writes Rich Ross, head of technical analysis at Evercore ISI.</p><p>Oil exploration stocks, in particular, stand to benefit. Truist analyst Neal Dingmann notes that six quarters at that level would mean some of them would have so much free cash flow that they would be able to return more than 80% of their market capitalization to shareholders via share buybacks and dividend payouts. <a href=\"https://laohu8.com/S/CPE\">Callon Petroleum</a> would be able to return 86% of its market cap, or $3.1 billion; <a href=\"https://laohu8.com/S/SBOW\">SilverBow Resources</a> could return 72%, or $620 million; $Murphy Oil <a href=\"https://laohu8.com/S/MUR\">$(MUR)$</a> could return 69%, or $4.7 billion; <a href=\"https://laohu8.com/S/OVV\">Ovintiv</a> could return 67%, or $9.8 billion; and <a href=\"https://laohu8.com/S/ROCC\">Ranger Oil</a> could return 65%, or $1.2 billion.</p><p>Dingmann is aware of the caveats to his analysis -- that high oil prices could lead to demand destruction that causes prices to fall, while the cost of drilling would probably rise. Still, as long as oil prices can rise, the case for oil stocks remains strong. He&#39;s a fan of Ranger Oil, which provided an update on its balance sheet this past week. &#34;Given our [free cash flow] estimates, we expect the company to quickly work through its current repurchase authorization and potentially increase the program, while also initiating a dividend program in third-quarter 2022 and continuing to target deals,&#34; he writes.</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>If Oil Keeps Rising, These 5 Exploration Stocks Could Benefit</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\">\nIf Oil Keeps Rising, These 5 Exploration Stocks Could Benefit\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-06-04 10:19</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Oil could be headed for $150 a barrel. That might not be good for the economy, but it would be great news for energy stocks.</p><p>Crude prices had been under pressure since peaking in March, as investors fretted about a potential recession in the U.S. But after getting knocked down as low as $94.29 on April 11, the price of oil has been steadily rising, while making higher highs and higher lows.</p><p>That didn&#39;t change this past week, when the price of oil rose 3.3%, a week that might have been the last best chance to avoid another oil breakout. The reason: The Organization of the Petroleum Exporting Countries announced it would raise production targets to 684,000 barrels a day, up from the current 432,000. It was an acknowledgment that, given the combination of sanctions on Russia and China lifting its Covid-19 restrictions, more oil was needed to keep demand from far outstripping supply.</p><p>Still, it&#39;s probably not enough, says Helima Croft, head of global commodity strategy at RBC Capital Markets. &#34;We think that too big of a burden is probably being placed on OPEC to offset the economic damage caused by a war involving the world&#39;s commodity superstore,&#34; she explains.</p><p>It didn&#39;t help that the European Union announced a limited embargo on Russian oil while U.S. oil inventories fell by 5.07 million barrels, far more than the expected 1.35 million decline. Oil is now trading above $116 a barrel, its highest price since March. That leaves West Texas Intermediate crude, the U.S. benchmark, set up to break the 52-week high of $123.70 reached on March 8. &#34;You can&#39;t stop crude; you can only hope to contain the damage that the run to $150 will wreak on the market and the economy(s),&#34; writes Rich Ross, head of technical analysis at Evercore ISI.</p><p>Oil exploration stocks, in particular, stand to benefit. Truist analyst Neal Dingmann notes that six quarters at that level would mean some of them would have so much free cash flow that they would be able to return more than 80% of their market capitalization to shareholders via share buybacks and dividend payouts. <a href=\"https://laohu8.com/S/CPE\">Callon Petroleum</a> would be able to return 86% of its market cap, or $3.1 billion; <a href=\"https://laohu8.com/S/SBOW\">SilverBow Resources</a> could return 72%, or $620 million; $Murphy Oil <a href=\"https://laohu8.com/S/MUR\">$(MUR)$</a> could return 69%, or $4.7 billion; <a href=\"https://laohu8.com/S/OVV\">Ovintiv</a> could return 67%, or $9.8 billion; and <a href=\"https://laohu8.com/S/ROCC\">Ranger Oil</a> could return 65%, or $1.2 billion.</p><p>Dingmann is aware of the caveats to his analysis -- that high oil prices could lead to demand destruction that causes prices to fall, while the cost of drilling would probably rise. Still, as long as oil prices can rise, the case for oil stocks remains strong. He&#39;s a fan of Ranger Oil, which provided an update on its balance sheet this past week. &#34;Given our [free cash flow] estimates, we expect the company to quickly work through its current repurchase authorization and potentially increase the program, while also initiating a dividend program in third-quarter 2022 and continuing to target deals,&#34; he writes.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SBOW":"SilverBow Resources Inc","MUR":"墨菲石油","CPE":"卡隆石油","OVV":"Ovintiv Inc.","ROCC":"Ranger Oil Corporation"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2240200693","content_text":"Oil could be headed for $150 a barrel. That might not be good for the economy, but it would be great news for energy stocks.Crude prices had been under pressure since peaking in March, as investors fretted about a potential recession in the U.S. But after getting knocked down as low as $94.29 on April 11, the price of oil has been steadily rising, while making higher highs and higher lows.That didn't change this past week, when the price of oil rose 3.3%, a week that might have been the last best chance to avoid another oil breakout. The reason: The Organization of the Petroleum Exporting Countries announced it would raise production targets to 684,000 barrels a day, up from the current 432,000. It was an acknowledgment that, given the combination of sanctions on Russia and China lifting its Covid-19 restrictions, more oil was needed to keep demand from far outstripping supply.Still, it's probably not enough, says Helima Croft, head of global commodity strategy at RBC Capital Markets. \"We think that too big of a burden is probably being placed on OPEC to offset the economic damage caused by a war involving the world's commodity superstore,\" she explains.It didn't help that the European Union announced a limited embargo on Russian oil while U.S. oil inventories fell by 5.07 million barrels, far more than the expected 1.35 million decline. Oil is now trading above $116 a barrel, its highest price since March. That leaves West Texas Intermediate crude, the U.S. benchmark, set up to break the 52-week high of $123.70 reached on March 8. \"You can't stop crude; you can only hope to contain the damage that the run to $150 will wreak on the market and the economy(s),\" writes Rich Ross, head of technical analysis at Evercore ISI.Oil exploration stocks, in particular, stand to benefit. Truist analyst Neal Dingmann notes that six quarters at that level would mean some of them would have so much free cash flow that they would be able to return more than 80% of their market capitalization to shareholders via share buybacks and dividend payouts. Callon Petroleum would be able to return 86% of its market cap, or $3.1 billion; SilverBow Resources could return 72%, or $620 million; $Murphy Oil $(MUR)$ could return 69%, or $4.7 billion; Ovintiv could return 67%, or $9.8 billion; and Ranger Oil could return 65%, or $1.2 billion.Dingmann is aware of the caveats to his analysis -- that high oil prices could lead to demand destruction that causes prices to fall, while the cost of drilling would probably rise. Still, as long as oil prices can rise, the case for oil stocks remains strong. He's a fan of Ranger Oil, which provided an update on its balance sheet this past week. \"Given our [free cash flow] estimates, we expect the company to quickly work through its current repurchase authorization and potentially increase the program, while also initiating a dividend program in third-quarter 2022 and continuing to target deals,\" he writes.","news_type":1,"symbols_score_info":{"CPE":0.9,"SBOW":0.9,"MUR":0.9,"ROCC":0.9,"OVV":0.9}},"isVote":1,"tweetType":1,"viewCount":3447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9027459901,"gmtCreate":1654073118903,"gmtModify":1676535389546,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"OK like pls","listText":"OK like pls","text":"OK like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9027459901","repostId":"9027554488","repostType":1,"repost":{"id":9027554488,"gmtCreate":1654055490763,"gmtModify":1676535386785,"author":{"id":"9000000000000641","authorId":"9000000000000641","name":"CyrilDavy","avatar":"https://static.tigerbbs.com/fd67ba4a6ca5ca66b27af6afcce989dc","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"9000000000000641","idStr":"9000000000000641"},"themes":[],"title":"Are These EV Stocks The Best Stocks To Invest In 2022?","htmlText":"Electric vehicle (EV) stocks could be worth looking at in the&nbsp;stock market. This comes as most of the biggest names in the space are set to release their latest monthly deliveries this week. Not to mention, there are also two key potential tailwinds for EV companies, in general, to watch now. Firstly, leaders from the European Union are now pursuing a partial ban on the buying of Russian oil. This would mark the sixth series of sanctions on Russia over its invasion of Ukraine. Secondly, there are also reports coming out of China regarding the government’s plans to end its two-month COVID lockdown in Shanghai. Because of this, some of the top Chinese EV companies likeNio<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a> and&nbsp;Xpeng<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(</a>","listText":"Electric vehicle (EV) stocks could be worth looking at in the&nbsp;stock market. This comes as most of the biggest names in the space are set to release their latest monthly deliveries this week. Not to mention, there are also two key potential tailwinds for EV companies, in general, to watch now. Firstly, leaders from the European Union are now pursuing a partial ban on the buying of Russian oil. This would mark the sixth series of sanctions on Russia over its invasion of Ukraine. Secondly, there are also reports coming out of China regarding the government’s plans to end its two-month COVID lockdown in Shanghai. Because of this, some of the top Chinese EV companies likeNio<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a> and&nbsp;Xpeng<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(</a>","text":"Electric vehicle (EV) stocks could be worth looking at in the stock market. This comes as most of the biggest names in the space are set to release their latest monthly deliveries this week. Not to mention, there are also two key potential tailwinds for EV companies, in general, to watch now. Firstly, leaders from the European Union are now pursuing a partial ban on the buying of Russian oil. This would mark the sixth series of sanctions on Russia over its invasion of Ukraine. Secondly, there are also reports coming out of China regarding the government’s plans to end its two-month COVID lockdown in Shanghai. Because of this, some of the top Chinese EV companies likeNio$NIO Inc.(NIO)$ and Xpeng$XPeng Inc.(","images":[{"img":"https://community-static.tradeup.com/news/ebf4977e4bfc6738ac12aa37a255fdfb","width":"-1","height":"-1"},{"img":"https://community-static.tradeup.com/news/8ddf0bc2ec7f8b3c656b77ba32a17a13","width":"-1","height":"-1"},{"img":"https://community-static.tradeup.com/news/7b24bf3e6f0c66161120ba3c025f0ad5","width":"-1","height":"-1"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9027554488","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":4,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2661,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9024687826,"gmtCreate":1653868021665,"gmtModify":1676535352655,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"OK like pls","listText":"OK like pls","text":"OK like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9024687826","repostId":"9024891645","repostType":1,"repost":{"id":9024891645,"gmtCreate":1653835307787,"gmtModify":1676535348694,"author":{"id":"3581803494981906","authorId":"3581803494981906","name":"haoren","avatar":"https://static.tigerbbs.com/959cadb42575ede705b330aa58d68a63","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3581803494981906","idStr":"3581803494981906"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/EH\">$EHang Holdings Ltd(EH)$</a>to the moon","listText":"<a href=\"https://ttm.financial/S/EH\">$EHang Holdings Ltd(EH)$</a>to the moon","text":"$EHang Holdings Ltd(EH)$to the moon","images":[{"img":"https://community-static.tradeup.com/news/7d843d9c5a00e7769c57fe8c64a13437","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9024891645","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2508,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9025579037,"gmtCreate":1653709409629,"gmtModify":1676535331558,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"OK like pls","listText":"OK like pls","text":"OK like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9025579037","repostId":"614270279","repostType":1,"repost":{"id":614270279,"gmtCreate":1653622620000,"gmtModify":1676533155893,"author":{"id":"4107925732032840","authorId":"4107925732032840","name":"中国基金报","avatar":"https://static.tigerbbs.com/498a5e5426489a3835f596f93ba03b51","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4107925732032840","idStr":"4107925732032840"},"themes":[],"title":"北京順義徹查“醫院及120延遲救治致患者死亡”","htmlText":"來源：北京順義 順義區啓動對順義120急救分中心延遲救治急症患者問題的全面調查 針對反映順義區醫院及順義120急救分中心延遲救治致患者死亡的問題，順義區委區政府和北京市衛健委在獲知該信息後，第一時間成立調查組，連夜進駐順義區醫院及順義120急救分中心，對事件當晚急救調度情況、急救反應時間、院前救治過程、院前院內急救對接等展開全面徹底調查。現已對順義急救分中心負責人及相關責任人停職，接受調查。 區衛健委已與逝者家屬取得聯繫，溝通有關情況，對患者不幸離世表示沉痛哀悼，對逝者家屬表示深切慰問，並積極開展善後工作。區政府將在全區醫療衛生系統進行檢查整改，加強對院前急救機構和其他醫療機構的監督指導，認真查找漏洞，深刻吸取教訓，舉一反三，引以爲戒，切實保障人民羣衆生命安全和身體健康。 順義區將對此事件全面調查，一查到底，依法依規對相關責任人嚴肅處理，將嚴格落實首診負責制，絕不允許因任何原因耽誤對病人的急診救治。 有關事件調查和處理情況將及時予以通報。 順義區人民政府 2022年5月27日","listText":"來源：北京順義 順義區啓動對順義120急救分中心延遲救治急症患者問題的全面調查 針對反映順義區醫院及順義120急救分中心延遲救治致患者死亡的問題，順義區委區政府和北京市衛健委在獲知該信息後，第一時間成立調查組，連夜進駐順義區醫院及順義120急救分中心，對事件當晚急救調度情況、急救反應時間、院前救治過程、院前院內急救對接等展開全面徹底調查。現已對順義急救分中心負責人及相關責任人停職，接受調查。 區衛健委已與逝者家屬取得聯繫，溝通有關情況，對患者不幸離世表示沉痛哀悼，對逝者家屬表示深切慰問，並積極開展善後工作。區政府將在全區醫療衛生系統進行檢查整改，加強對院前急救機構和其他醫療機構的監督指導，認真查找漏洞，深刻吸取教訓，舉一反三，引以爲戒，切實保障人民羣衆生命安全和身體健康。 順義區將對此事件全面調查，一查到底，依法依規對相關責任人嚴肅處理，將嚴格落實首診負責制，絕不允許因任何原因耽誤對病人的急診救治。 有關事件調查和處理情況將及時予以通報。 順義區人民政府 2022年5月27日","text":"來源：北京順義 順義區啓動對順義120急救分中心延遲救治急症患者問題的全面調查 針對反映順義區醫院及順義120急救分中心延遲救治致患者死亡的問題，順義區委區政府和北京市衛健委在獲知該信息後，第一時間成立調查組，連夜進駐順義區醫院及順義120急救分中心，對事件當晚急救調度情況、急救反應時間、院前救治過程、院前院內急救對接等展開全面徹底調查。現已對順義急救分中心負責人及相關責任人停職，接受調查。 區衛健委已與逝者家屬取得聯繫，溝通有關情況，對患者不幸離世表示沉痛哀悼，對逝者家屬表示深切慰問，並積極開展善後工作。區政府將在全區醫療衛生系統進行檢查整改，加強對院前急救機構和其他醫療機構的監督指導，認真查找漏洞，深刻吸取教訓，舉一反三，引以爲戒，切實保障人民羣衆生命安全和身體健康。 順義區將對此事件全面調查，一查到底，依法依規對相關責任人嚴肅處理，將嚴格落實首診負責制，絕不允許因任何原因耽誤對病人的急診救治。 有關事件調查和處理情況將及時予以通報。 順義區人民政府 2022年5月27日","images":[{"img":"https://static.tigerbbs.com/de359aeb9f3c43e1a0228f259f33fd6f","width":"-1","height":"-1"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/614270279","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2761,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9026289699,"gmtCreate":1653383807311,"gmtModify":1676535271855,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"OK like pls","listText":"OK like pls","text":"OK like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026289699","repostId":"9026871233","repostType":1,"repost":{"id":9026871233,"gmtCreate":1653358942445,"gmtModify":1676535267723,"author":{"id":"3527667621665671","authorId":"3527667621665671","name":"Daily_Discussion","avatar":"https://community-static.tradeup.com/news/6973ef3354e752778088dfd8ca725c82","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667621665671","idStr":"3527667621665671"},"themes":[],"title":"🔥[24th May]Trading plans that you can't miss from Tiger users","htmlText":"Hi, Tigers! Welcome to&nbsp;Daily Discussion! This is the place for you to share your trading ideas and win coins! <a href=\"https://ttm.financial/RN?name=RNTheme&amp;page=/theme/special/discussion&amp;rndata={&quot;themeId&quot;:&quot;e020a83ea15047ebaf152fe93ebc6328&quot;,&quot;type&quot;:3}\" target=\"_blank\">Click here to join the Topic &amp; Win coins &gt;&gt;</a> [Rewards] You will be given&nbsp;100 Tiger Coins according to the quality &amp; interaction of the post (NOTE: Comments posted under this article WILL NOT be counted) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.You will be given&nbsp;10 Tiger coins&nbsp;if you tag more than 3 friends in the comment area Meanwhile, we will be listing the stocks mentioned by those selected Tigers for your reference every day (not inve","listText":"Hi, Tigers! Welcome to&nbsp;Daily Discussion! This is the place for you to share your trading ideas and win coins! <a href=\"https://ttm.financial/RN?name=RNTheme&amp;page=/theme/special/discussion&amp;rndata={&quot;themeId&quot;:&quot;e020a83ea15047ebaf152fe93ebc6328&quot;,&quot;type&quot;:3}\" target=\"_blank\">Click here to join the Topic &amp; Win coins &gt;&gt;</a> [Rewards] You will be given&nbsp;100 Tiger Coins according to the quality &amp; interaction of the post (NOTE: Comments posted under this article WILL NOT be counted) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.You will be given&nbsp;10 Tiger coins&nbsp;if you tag more than 3 friends in the comment area Meanwhile, we will be listing the stocks mentioned by those selected Tigers for your reference every day (not inve","text":"Hi, Tigers! Welcome to Daily Discussion! This is the place for you to share your trading ideas and win coins! Click here to join the Topic & Win coins >> [Rewards] You will be given 100 Tiger Coins according to the quality & interaction of the post (NOTE: Comments posted under this article WILL NOT be counted) 2.You will be given 10 Tiger coins if you tag more than 3 friends in the comment area Meanwhile, we will be listing the stocks mentioned by those selected Tigers for your reference every day (not inve","images":[{"img":"https://community-static.tradeup.com/news/93f03271955e619136207b2740cc8202","width":"1080","height":"1920"},{"img":"https://community-static.tradeup.com/news/e961ee203328d401936b5a8ebda60e0e","width":"499","height":"320"},{"img":"https://community-static.tradeup.com/news/65bb3f1f6866b7e1facf4a2d21948a19","width":"-1","height":"-1"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026871233","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2766,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9066002065,"gmtCreate":1651813973657,"gmtModify":1676534976932,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"OK like pls&nbsp;","listText":"OK like pls&nbsp;","text":"OK like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9066002065","repostId":"1148155323","repostType":4,"repost":{"id":"1148155323","kind":"news","pubTimestamp":1651807414,"share":"https://ttm.financial/m/news/1148155323?lang=en_US&edition=fundamental","pubTime":"2022-05-06 11:23","market":"us","language":"en","title":"2 Semiconductor Stocks Worth the 2022 Risks","url":"https://stock-news.laohu8.com/highlight/detail?id=1148155323","media":"TipRanks","summary":"The COVID-19 pandemic brought about major disruptions in the global semiconductor chip supply, and s","content":"<div>\n<p>The COVID-19 pandemic brought about major disruptions in the global semiconductor chip supply, and shows no signs of ending. This has affected the automotive and electronics sectors, along with many ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/2-semiconductor-stocks-worth-the-2022-risks/\">Source Link</a>\n\n</div>\n","source":"lsy1606183248679","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>2 Semiconductor Stocks Worth the 2022 Risks</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\">\n2 Semiconductor Stocks Worth the 2022 Risks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-06 11:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/2-semiconductor-stocks-worth-the-2022-risks/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The COVID-19 pandemic brought about major disruptions in the global semiconductor chip supply, and shows no signs of ending. This has affected the automotive and electronics sectors, along with many ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/2-semiconductor-stocks-worth-the-2022-risks/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达","SMTC":"先科电子"},"source_url":"https://www.tipranks.com/news/article/2-semiconductor-stocks-worth-the-2022-risks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148155323","content_text":"The COVID-19 pandemic brought about major disruptions in the global semiconductor chip supply, and shows no signs of ending. This has affected the automotive and electronics sectors, along with many other industries as well.The prolonged chip shortage has given rise to a new problem — a shortage of chips for machines that manufacture chips. The ongoing Russia-Ukraine war is only adding to the pain by causing shortages in the supply of other materials that are necessary for the plating and fabrication of semiconductors.Some executives in the chip-making business said that the time between the placement of an order to receipt of the equipment (also called lead time for chip delivery) went from months in the early 2020 to up to three years in some cases.This condition of the chip market also tells us that the issue will not be resolved so easily and quickly. Intel (INTC) CEO Pat Gelsinger expects the chip supply scarcity to continue until 2024 at least.GobalFoundries (GFS) CEO Tom Caulfield’s sentiments resonated with Gelsinger’s. Caulfield further said that he does not expect the balance to come soon.Semiconductor Demand is Here to StayDemand for semiconductor chips is still raging. In February, global semiconductor sales grew 26.2% year-over-year to $52.5 billion, according to the Semiconductor Industry Association.In 2021, sales activities in the chip industry crossed $500 billion for the first time, as demand for products that require chips burgeoned. This growth was recorded despite the increasing lead times for chip delivery.Moreover, Gartner expects the global semiconductor revenues to reach a record high of $676 billion in 2022, advancing 13.6% year-over-year, fueled by demand.It is safe to say that no matter what difficulties the chip industry faces, demand for semiconductor chips will never go out of fashion.Looking Beyond the ShortagesIncreasing sophistication and adoption of consumer electronics, automobiles (fuel-run manual, electric, and autonomous), industrial equipment, and communication products, are the biggest growth drivers for the semiconductor chip industry.Rapid proliferation of Artificial Intelligence, Internet of Things, and Virtual Reality across various industries are also boosting chip demand.In a fundamentally sound industry like the chip industry, investors looking for long-term gains should not fear the short- and mid-term growth obstructions. Here are two stocks that are best positioned to generate healthy returns.Nvidia (NASDAQ: NVDA)Nvidia is the pioneer of graphics processing unit (GPU), a chip that processes large amounts of data at lightning-fast speed. The company held more than 80% of the discrete GPU market share in 2021, and is also one of the leading companies in the data center market.Investment bank Cowen & Co. expects Nvidia’s revenues to reach $140 billion and earnings per share to reach $28 by 2020, driven by various factors, one of which is the metaverse.Recently, Morgan Stanley analyst Joseph Moore advised against selling Nvidia, saying that is it a “core holding” despite short-term risks.Moore is strongly optimistic on the company’s long-term prospects, and market-leading position. However, he expects a significant deceleration in the area of gaming that can affect Nvidia’s prospects in 2023.This prompted the analyst to give a Hold rating on the stock, with a price target of $217.Wall Street maintains a bullish stance on the NVDA stock, with a Strong Buy rating based on 21 Buys and six Holds. The averageNvidia price target is $331.14.Semtech Corporation (NASDAQ: SMTC)Analog and mixed signal semiconductor producer Semtech is thriving in the industrial and infrastructure markets. Solid momentum in its 5G wireless and broad-based protection platforms, as well as other technologies like the LoRa Edge device-to-Cloud geolocation platform called LoRa Edge LR1120, are constantly driving its top-line growth.Last month, Semtech introduced new features to the LoRa Edge LR1120, looking to penetrate the logistics space by addressing supply chain management challenges in the logistics industry.In April, Piper Sandler analystHarsh Kumarreiterated a Buy rating with a $95 price target on Semtech after an interview with C-suite executives of the company. Management was very positive about the company’s prospects in end-markets such as LoRa, data center, base station, and PON.Management pointed out that the U.S. and China are looking to reduce supply chain dependence on each other in order to reduce geopolitical risks.This is going to take time and keep lead times high for some years. Interestingly, as Semtech has two sources of supply, management feels that the company is better prepared than its peers to sail through this gap.Wall Street is bullish on the SMTC stock, with a Strong Buy consensus rating based on six Buys and one Sell. The averageprice target for Semtechis $87.43.ConclusionThe semiconductor industry has shown solid resilience during tumultuous times. Even as the markets have garnered big losses this year, with the technology sector being one of the largest casualties, the semiconductor industry has somewhat managed to stay afloat.This demand is expected to continue as advanced technologies emerge across industries, as semiconductors form the core of advanced technology.Thus, semiconductor stocks are most likely to keep a portfolio healthy and pay off in the long haul.","news_type":1,"symbols_score_info":{"NVDA":0.9,"SMTC":0.9}},"isVote":1,"tweetType":1,"viewCount":3073,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9066006736,"gmtCreate":1651813954225,"gmtModify":1676534976854,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"OK like pls","listText":"OK like pls","text":"OK like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9066006736","repostId":"2233825260","repostType":4,"repost":{"id":"2233825260","kind":"highlight","pubTimestamp":1651808537,"share":"https://ttm.financial/m/news/2233825260?lang=en_US&edition=fundamental","pubTime":"2022-05-06 11:42","market":"us","language":"en","title":"Is Nikola Stock Finally Ready to Drive Higher?","url":"https://stock-news.laohu8.com/highlight/detail?id=2233825260","media":"Motley Fool","summary":"The company is restoring credibility as it ships its first commercial electric semi trucks.","content":"<div>\n<p>Electric semi truck maker Nikola  has had a troubled young life after its former founder and chairman was forced to resign and subsequently charged with investor fraud. But Trevor Milton has been out ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/05/05/is-nikola-stock-finally-ready-to-drive-higher/\">Source 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>Is Nikola Stock Finally Ready to Drive Higher?</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\">\nIs Nikola Stock Finally Ready to Drive Higher?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-06 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/05/05/is-nikola-stock-finally-ready-to-drive-higher/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Electric semi truck maker Nikola  has had a troubled young life after its former founder and chairman was forced to resign and subsequently charged with investor fraud. But Trevor Milton has been out ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/05/05/is-nikola-stock-finally-ready-to-drive-higher/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4562":"SPAC上市公司","BK4551":"寇图资本持仓","BK4555":"新能源车","BK4149":"建筑机械与重型卡车"},"source_url":"https://www.fool.com/investing/2022/05/05/is-nikola-stock-finally-ready-to-drive-higher/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2233825260","content_text":"Electric semi truck maker Nikola  has had a troubled young life after its former founder and chairman was forced to resign and subsequently charged with investor fraud. But Trevor Milton has been out of the company for more than a year-and-a-half now, and Nikola is making progress to reset its reputation with investors.Investors lost respect and hope for the company after Milton made claims about the company and its technology that weren't factual at the time. But Nikola kept working toward its goals under new management, and the first-quarter report released today shows the fruits of that labor. Investors are giving the results a thumbs-up, too.But management, and the stock, still have a long way to go. Nikola shares have dropped 72% since Milton's resignation in September 2020. Today's update, however, could be a catalyst to get the stock back onto a better path.Even in the face of supply chain constraints that are affecting many automakers, Nikola maintained its guidance to have 300 to 500 battery electric vehicles (BEVs) produced and shipped in 2022. That would represent meaningful revenue of $90 million to $150 million.Just as importantly, the company has its initial hydrogen fuel cell electric vehicle (FCEV) being pilot-tested by customers, and plans to have a batch of six produced and ready for the next phase of beta testing by the end of the third quarter of 2022. After validation of the beta fleet, Nikola expects to begin commercial production in the second half of next year.As that progresses, Nikola is also working with others to build out hydrogen infrastructure including dispensing stations and production hubs. If its progress with the FCEV stays on track and BEV customers continue to order new vehicles, today could be just the start of Nikola stock beginning to reverse its months-long slide.","news_type":1,"symbols_score_info":{"NKLA":1}},"isVote":1,"tweetType":1,"viewCount":3686,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9018029058,"gmtCreate":1648949815374,"gmtModify":1676534426177,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"Ook like pls","listText":"Ook like pls","text":"Ook like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9018029058","repostId":"9011554636","repostType":1,"repost":{"id":9011554636,"gmtCreate":1648890460121,"gmtModify":1676534418743,"author":{"id":"3479274819487659","authorId":"3479274819487659","name":"The Finance Hydra","avatar":"https://community-static.tradeup.com/news/a242a9be28de8ea5e320d9cee36651ca","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3479274819487659","idStr":"3479274819487659"},"themes":[],"title":"","htmlText":"\n \n \n  NIO STOCK PREDICTIONS - If NIO closes above THIS AREA it will GO UP!\n \n","listText":"NIO STOCK PREDICTIONS - If NIO closes above THIS AREA it will GO UP!","text":"NIO STOCK PREDICTIONS - If NIO closes above THIS AREA it will GO UP!","images":[{"img":"https://static.tigerbbs.com/4ab1fc450d09bf11742b0eb77ecd6a9c","width":"0","height":"0"}],"top":1,"highlighted":2,"essential":2,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011554636","isVote":1,"tweetType":2,"object":{"id":"c3f46bbfdfe5488f9f477cae9f08c04d","tweetId":"9011554636","title":"NIO STOCK PREDICTIONS - If NIO closes above THIS AREA it will GO UP!","videoUrl":"http://v.tigerbbs.com/16488904558017cc4538f23efe5d457e6821f2fc9434d.mp4","poster":"https://static.tigerbbs.com/4ab1fc450d09bf11742b0eb77ecd6a9c","shareLink":"http://v.tigerbbs.com/16488904558017cc4538f23efe5d457e6821f2fc9434d.mp4"},"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2761,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9097060226,"gmtCreate":1645268586265,"gmtModify":1676534014737,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"OK like pls","listText":"OK like pls","text":"OK like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097060226","repostId":"9092803477","repostType":1,"repost":{"id":9092803477,"gmtCreate":1644571846194,"gmtModify":1676533942360,"author":{"id":"4102729180680350","authorId":"4102729180680350","name":"Iverson_","avatar":"https://static.itradeup.com/news/ebb29722e4280698dadd2f78376ff19e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4102729180680350","idStr":"4102729180680350"},"themes":[],"title":"Twitter:Ordinary Q4 Results,but Optimistic User Guidance","htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/TWTR\">$Twitter(TWTR)$</a> released the first financial report since the new CEO took office, both advertising revenue and user growth missed expectation. It is reasonable that it should drop by 20%&nbsp;, but the market reaction is not severe. The reason may be that Meta has led the whole social sector to fall a lot, and it is expected to be fully included. The guidance given by Twitter management in the first quarter of next year is also satisfactory, so the influence lags behind slightly regardless of the financial results. Advertising missed expectation, and Apple's ATT policy has limited impact Revenue in the fourth quarter was US $1.57 billion, of which advertising revenue was US $1.41 billion, up 22% year-on-year, mainly due to continuou","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/TWTR\">$Twitter(TWTR)$</a> released the first financial report since the new CEO took office, both advertising revenue and user growth missed expectation. It is reasonable that it should drop by 20%&nbsp;, but the market reaction is not severe. The reason may be that Meta has led the whole social sector to fall a lot, and it is expected to be fully included. The guidance given by Twitter management in the first quarter of next year is also satisfactory, so the influence lags behind slightly regardless of the financial results. Advertising missed expectation, and Apple's ATT policy has limited impact Revenue in the fourth quarter was US $1.57 billion, of which advertising revenue was US $1.41 billion, up 22% year-on-year, mainly due to continuou","text":"$Twitter(TWTR)$ released the first financial report since the new CEO took office, both advertising revenue and user growth missed expectation. It is reasonable that it should drop by 20% , but the market reaction is not severe. The reason may be that Meta has led the whole social sector to fall a lot, and it is expected to be fully included. The guidance given by Twitter management in the first quarter of next year is also satisfactory, so the influence lags behind slightly regardless of the financial results. Advertising missed expectation, and Apple's ATT policy has limited impact Revenue in the fourth quarter was US $1.57 billion, of which advertising revenue was US $1.41 billion, up 22% year-on-year, mainly due to continuou","images":[{"img":"https://static.tigerbbs.com/5dd479dadb783bd473613431631534ae","width":"934","height":"440"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092803477","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1114,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095781078,"gmtCreate":1644991971234,"gmtModify":1676533984416,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"OK like pls","listText":"OK like pls","text":"OK like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095781078","repostId":"2211515766","repostType":4,"isVote":1,"tweetType":1,"viewCount":1657,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095783440,"gmtCreate":1644991961403,"gmtModify":1676533984407,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"OK like pls","listText":"OK like pls","text":"OK like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095783440","repostId":"2211563955","repostType":4,"repost":{"id":"2211563955","kind":"highlight","pubTimestamp":1644969658,"share":"https://ttm.financial/m/news/2211563955?lang=en_US&edition=fundamental","pubTime":"2022-02-16 08:00","market":"us","language":"en","title":"3 Growth Stocks Down 20% to 77% to Buy Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2211563955","media":"Motley Fool","summary":"Low prices could be a value trap, but these definitely spell opportunity.","content":"<div>\n<p>It hasn't been a great year so far for growth stocks. After massive valuation spikes and general macroeconomic upheaval, investors have been shifting their money into value stocks. That's leaving many...</p>\n\n<a href=\"https://www.fool.com/investing/2022/02/15/3-growth-stocks-down-20-to-77-to-buy-now/\">Source 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>3 Growth Stocks Down 20% to 77% to Buy Now</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\">\n3 Growth Stocks Down 20% to 77% to Buy Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-16 08:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/02/15/3-growth-stocks-down-20-to-77-to-buy-now/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It hasn't been a great year so far for growth stocks. After massive valuation spikes and general macroeconomic upheaval, investors have been shifting their money into value stocks. That's leaving many...</p>\n\n<a href=\"https://www.fool.com/investing/2022/02/15/3-growth-stocks-down-20-to-77-to-buy-now/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4527":"明星科技股","BK4077":"互动媒体与服务","DIS":"迪士尼","BK4551":"寇图资本持仓","BK4566":"资本集团","FUBO":"fuboTV Inc.","BK4561":"索罗斯持仓","BK4108":"电影和娱乐","BK4532":"文艺复兴科技持仓","BK4550":"红杉资本持仓","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","BK4524":"宅经济概念","BK4548":"巴美列捷福持仓","NFLX":"奈飞","BK4554":"元宇宙及AR概念"},"source_url":"https://www.fool.com/investing/2022/02/15/3-growth-stocks-down-20-to-77-to-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2211563955","content_text":"It hasn't been a great year so far for growth stocks. After massive valuation spikes and general macroeconomic upheaval, investors have been shifting their money into value stocks. That's leaving many excellent stocks on the table, withering in value even as they manage effective businesses and offer high potential for reward.The tide will turn at some point, and that spells opportunity for forward-thinking investors. If you focus on the long term, you'll find great investing options that offer a low entry point, making the potential for gains even greater. We asked three Motley Fool contributors for their top choices, and Walt Disney (NYSE:DIS), fuboTV (NYSE:FUBO), and Netflix (NASDAQ:NFLX) made the cut. They're all down over the past year,  and smart investors will take the chance to buy on the dip.Disney: Down 20% over one yearJennifer Saibil (Disney): Disney's business has been ping-ponging back and forth since the pandemic started, a big departure from its more typical solid performance as the biggest entertainment company in the world. When parks were closed, Disney+ carried the company through, then parks rebounded and streaming slowed down. In the latest numbers, the 2022 fiscal first quarter (ended Jan. 1) demonstrated good news all around, and this might just be the end of the tunnel for investors.In the 2021 fourth quarter, investors were disappointed in the light subscriber additions for Disney+. At the time, management wasn't worried, and reassured investors that it was on track for subscriber additions over time, although each quarter wouldn't be symmetrical. Disney regained investor confidence when that became true in the first quarter, and Disney+ added 11.7 million more subscribers than last quarter.But that's just the beginning of Disney's amazing performance in the first quarter. It posted record total revenue of $21.8 billion, a 34% year-over-year increase. Earnings per share (EPS) from continuing operations came in at $0.63, up from $0.02 last year. EPS (excluding certain items) of $1.06 was up from $0.32 last year and beat average analyst expectations of $0.74.\"This marks the final year of The Walt Disney Company's first century, and performance like this coupled with our unmatched collection of assets and platforms, creative capabilities, and unique place in the culture give me great confidence we will continue to define entertainment for the next 100 years,\" CEO Bob Chapek said.  With its unmatched content creation machines, parks, products, and more, investors should expect that as well.Disney's price did rise on the beat, but it's still down over the past year, giving you the opportunity to get shares of this entertainment giant for a great price.fuboTV: Down 77% over one yearParkev Tatevosian (fuboTV): fuboTV is a sports-centric streaming alternative to live TV. The company benefits from the trend of consumers preferring to stream their content. That tailwind is unlikely to reverse as streaming offers convenience and, most of the time, lower costs. Not to mention folks can enjoy a streaming live TV service anywhere they get an internet connection with a mobile device, a feature not possible with a cable TV connection.fuboTV's revenue is snowballing. Indeed, in its most recently reported quarter, ended Sept. 30, 2021, fuboTV's revenue increased by 156% from the same quarter in the year before. It grew subscribers by 108% in that same time. In January, the company announced preliminary results for its fourth quarter, and again delivered robust growth in revenue and subscriber figures. Interestingly, fuboTV is not the only streaming alternative to live TV, but it outperforms its competitors. According to Nielsen, from the third quarter of 2020 to Q3 2021, when fuboTV grew subscribers by 108%, the rest of its industry grew by just 34%.The results highlight that consumers gravitate toward fuboTV's sports-centric option, which makes sense. One of the primary reasons folks stick with live TV services is sports. So far, that's an excellent sign for fuboTV and its shareholders. And with an estimated 73 million households still on traditional pay-TV subscriptions in the U.S., fuboTV has plenty of runway for growth.That's all well and good, but why is the stock down 77% in the past year? To put it simply, it costs more for fuboTV to serve its subscribers than it gets back in revenue. The company lost $106 million on the bottom line in Q3 on $156.7 million in revenue. As you might imagine, that business model is not sustainable, and something needs to change. Either fuboTV needs to charge more for its service, which could slow subscriber growth, or it needs to lower its expenses. Investors who take a chance on management's ability to figure this out stand to reap significant gains.Netflix: Down 29% over one yearJohn Ballard (Netflix): Netflix shares are 42% off recent highs, which presents a rare opportunity to buy this leading streamer on sale. Investors can blame slowing subscriber growth, which came in at 8.9% year over year in the fourth quarter. That is down from the 20%-plus rates we saw through 2020. But as sometimes happens, the market is taking an ultra-short-term view on this disruptive entertainment platform.Global broadband and smart TV penetration are still growing around the world. But investors are underestimating how far into the future Netflix can add new subscribers. One analyst estimates that Netflix can hit 500 million subscribers by 2030, which would still be a small fraction of the global internet population of more than 5 billion.Management's strategy to continue investing in content while guiding the business toward positive free cash flow beyond 2022 should drive shareholder returns. One near-term release that could change the market's mind is season four of Stranger Things coming this summer. By the time Netflix dumps more content from its delayed production schedule over the next year, Netflix stock could look very undervalued at these lows.","news_type":1,"symbols_score_info":{"DIS":1,"NFLX":0.6,"FUBO":1}},"isVote":1,"tweetType":1,"viewCount":1451,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9099218433,"gmtCreate":1643364654435,"gmtModify":1676533811404,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9099218433","repostId":"9004448317","repostType":1,"repost":{"id":9004448317,"gmtCreate":1642676525258,"gmtModify":1676533734534,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667667103859","idStr":"3527667667103859"},"themes":[],"title":"Join Tiger Ski Championship, Win a Bonus of Up to USD 2022","htmlText":"2022 is the Year of Tiger in Chinese lunar calendar, it’s also a special year for Tiger Brokers. To celebrate the special year, we want to invite you to join the ski game presented by Tiger Brokers specially, and it’s very easy and interesting game for users to play. Join the game and win a bonus of up to USD 2022 and limited-edition Tiger Toys Spring Festival and Winter Olympic are both on the way, open your Tiger Trade App and play the ski game with us, win golden medals as many as you can! You could have chance to try Lucky Draw when you win medals.The more medal you win, the bigger bonus you may win! Big Rewards are as follow: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/happy-new-year/#/\" target=\"_blank\">Click to Join the Game</a>","listText":"2022 is the Year of Tiger in Chinese lunar calendar, it’s also a special year for Tiger Brokers. To celebrate the special year, we want to invite you to join the ski game presented by Tiger Brokers specially, and it’s very easy and interesting game for users to play. Join the game and win a bonus of up to USD 2022 and limited-edition Tiger Toys Spring Festival and Winter Olympic are both on the way, open your Tiger Trade App and play the ski game with us, win golden medals as many as you can! You could have chance to try Lucky Draw when you win medals.The more medal you win, the bigger bonus you may win! Big Rewards are as follow: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/happy-new-year/#/\" target=\"_blank\">Click to Join the Game</a>","text":"2022 is the Year of Tiger in Chinese lunar calendar, it’s also a special year for Tiger Brokers. To celebrate the special year, we want to invite you to join the ski game presented by Tiger Brokers specially, and it’s very easy and interesting game for users to play. Join the game and win a bonus of up to USD 2022 and limited-edition Tiger Toys Spring Festival and Winter Olympic are both on the way, open your Tiger Trade App and play the ski game with us, win golden medals as many as you can! You could have chance to try Lucky Draw when you win medals.The more medal you win, the bigger bonus you may win! Big Rewards are as follow: Click to Join the Game","images":[{"img":"https://static.tigerbbs.com/a7b44fa056439fb4010fa55e163d27c3","width":"750","height":"1726"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004448317","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":857,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9005597085,"gmtCreate":1642341123576,"gmtModify":1676533702334,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005597085","repostId":"2203763214","repostType":2,"repost":{"id":"2203763214","kind":"highlight","pubTimestamp":1642064949,"share":"https://ttm.financial/m/news/2203763214?lang=en_US&edition=fundamental","pubTime":"2022-01-13 17:09","market":"us","language":"zh","title":"US Stock Nuggets | Will Digital Ocean become the invisible king?","url":"https://stock-news.laohu8.com/highlight/detail?id=2203763214","media":"格隆汇","summary":"小而美的云服务商，值得关注","content":"<p><html><body><span>Author | US Stock Research Institute</span></p><p><span>Data Support | Pythagorean Big Data (www.gogudata.com)</span></p><p><img src=\"https://img3.gelonghui.com/604f4-5e7c4c5d-f76c-4db4-8dd1-e3f5cb8bb5f9.png\"/></p><p><span>DigitalOcean (DOCN) was founded in 2011 in New York, USA, mainly providing cloud computing services for individuals and small and medium-sized enterprises. It was listed on Nasdaq in March 2021. As financial reports exceeded expectations one after another, the stock price experienced a round of magnificent rises, hitting new highs repeatedly.</span></p><p><span>DOCN's stock price trend since its listing</span></p><p><img src=\"https://img3.gelonghui.com/8d0ec-bc9e4f2a-c53e-49ef-baa1-9ff63a3881a2.png\"/></p><p><span>Source: Seekingalpha</span></p><p><span>But since the end of November, the Federal Reserve has turned hawkish and continued to strengthen its hawkish stance, such as accelerating taper and rate hike, and recently proposing shrinking balance sheet. In this environment of strong tightening expectations, growth stocks, especially those that have not yet been profitable, have experienced a sharp decline. The stock prices of a number of companies have been halved or even more, and DOCN has not been spared. So what will happen to DOCN's elasticity after the killing valuation stabilizes? Let's look at it fundamentally.</span></p><p><h3><span><strong><span><font color=\"#3daad6\">01Two core issues</font></span></strong></span></h3><strong><span>(1) TAM: Is the pool big enough?</span></strong></p><p><span>DOCN focuses on providing cloud computing services to individuals and SMEs (fewer than 500 employees). When it comes to cloud, maybe everyone's first reaction is<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>、<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>And<a href=\"https://laohu8.com/S/GOOG\">Google</a>The three giants then couldn't help but ask soul torture: Do small and medium-sized cloud service providers still have room to survive in front of the giants?</span></p><p><span>In fact, there is, and the market space and growth rate are not bad-according to the data of IDC, a professional research institute, the cloud service market for individuals and small and medium-sized enterprises in 21 years is about 56 billion US dollars, a year-on-year increase of 27%, and will reach 116 billion US dollars by 24 years. Compared with this high-growth large pool, the current penetration rate of DOCN is less than 1%, and the space is still very broad.</span></p><p><span>U.S. cloud computing market size growth expectations</span></p><p><img src=\"https://img3.gelonghui.com/33ab0-9c8ec3b5-fbf9-4bf5-a17d-334a47d7708f.png\"/></p><p><span>Source: Grandviewresearch</span></p><p><span>The growth expectations of other institutions are similar. For example, Grandviewresearch gave the U.S. cloud computing market a compound annual growth rate of 18.1% from 21 to 28 years. For the market segment of small and medium-sized users, what can be expected is to grow faster than the overall market-DOCN management also stated that the current needs of small and medium-sized customers have not been well served, and the cloud migration may be accelerated in the future.</span></p><p><strong><span>(2) Competitiveness: How does DOCN eat this market?</span></strong></p><p><span>In the field of cloud computing (IaaS and PaaS), the three giants such as Amazon can be said to be large, comprehensive, stable and reliable, and are the first choice of large enterprises. However, for small and medium-sized enterprises and individuals, the services and pricing provided by giants are complicated, which also gives DOCN a good opportunity to develop.</span></p><p><span>DOCN interface</span></p><p><img src=\"https://img3.gelonghui.com/daae1-427c7e29-36d4-4fa2-98b9-de7efddbe430.png\"/></p><p><span>The advantages of DOCN can be summarized into several keywords: introduction, ease of use, more timely service, transparent and easy-to-understand pricing. If friends who have used it may have a better experience, this platform is very easy to get started, while giants like AWS will be more complicated for small and medium-sized customers. In addition, in terms of service, DOCN is 24-hour customer service, so it will be better for small and medium-sized customers.</span></p><p><span>In addition to giants, DOCN actually has some competitors, but they are basically relatively small unlisted companies, such as Linode. Therefore, in the market segment of cloud services for individuals and small and medium-sized enterprises, DOCN has significant competitive advantages and strong certainty of future growth. Note: The picture below shows Morgan's survey interview with DOCN users, which shows that the only alternatives that users think are good except DOCN are the Big 3 and Linode.</span></p><p><span>\"What cloud service platform will be used besides DOCN\" survey data</span></p><p><img src=\"https://img3.gelonghui.com/b9d84-fdbf2cbf-813c-4699-9438-faeb5f0edaa5.png\"/></p><p><span>Source: JPM</span></p><p><span>Finally, another obvious advantage of DOCN is that it has a community of developers with over 5 million members, where Q&A, teaching, etc. can be conducted. The benefits this brings to DOCN are also obvious-a good reputation makes the cost of customer acquisition very low, and marketing expenses account for about 10% of revenue. Generally speaking, after getting used to a platform, the conversion cost is relatively high, so the user stickiness of DOCN is relatively strong and the potential lifetime value (LTV) is high.</span></p><p><h3><span><strong><span><font color=\"#3daad6\">02 Operation Analysis</font></span></strong></span></h3><strong><span>(1) Products</span></strong></p><p><span>Important time nodes for DOCN development</span></p><p><img src=\"https://img3.gelonghui.com/3ed86-991821ae-7224-4b39-99d1-9ffeba1c1ed2.png\"/></p><p><span>DOCN was founded in 2011, launched its first product, Droplet, the following year, and received a round of financing every year for 13-15 years. Intensive product releases and updates in 2017-2019, including core products Managed Kubernetesservice and Managed Databases offering (cloud storage). In 20 years, the company capped App Platform, a PaaS platform; The upgraded version (Premium) of Droplet was launched in 2021, mainly equipped with<a href=\"https://laohu8.com/S/AMD\">AMD</a>And intel's processors.</span></p><p><img src=\"https://img3.gelonghui.com/9d425-df5c62a5-28e1-4b03-88bc-b3a78a692d2c.png\"/></p><p><span>The picture above shows the evolution line of DOCN platform: the first generation of products is 12-15 years old, mainly making VPS (virtual server) to help customers develop and test applications; The second-generation product is 15-18 years old, mainly providing basic cloud services, including cloud space, cloud firewall, etc.; The third-generation products are 18 years old-today, mainly upgraded and subdivided on the basis of the previous generation (adding developer attributes, aiming at small and medium-sized enterprises and individual markets), including database management, App platform, etc.</span></p><p><span>Current core product classifications of DOCN: (1) Computing services: Droplets, Managed Kubernetes, App Platform; (2) Storage services: Spaces (individual storage), Volumes (block storage); (3) Network services: Cloud Firewalls (Cloud Firewalls), VPC (virtual private cloud); (4) Database management.</span></p><p><span>DOCN Base Droplets Pricing</span></p><p><img src=\"https://img3.gelonghui.com/f7d1f-e0258a63-7a32-4a4c-b104-257631df861c.png\"/></p><p><span>Source: Digital Ocean</span></p><p><span>DOCN App Platform pricing</span></p><p><img src=\"https://img3.gelonghui.com/c0bb9-7dfb660f-4b7c-470e-9aa6-a5e9ffd1ac97.png\"/></p><p><span>Source: Digital Ocean</span></p><p><span>In terms of pricing, as mentioned earlier, DOCN pricing is simple and transparent, and different product lines/services are priced separately. For example, the pricing of the basic version of Droplets in the picture above has been gradually increased from $5 to $80 per month according to the different services provided. As for the difference in providing services, it mainly refers to the difference in CPU use (intel, AMD and different models are optional), the difference in bandwidth requirements, and the difference in storage space requirements. Other product pricing (such as App Platform) is similar.</span></p><p><span>It is worth mentioning that the charging model adopted by DOCN is a monthly subscription, which is the same as the SaaS model and is conducive to exponential growth-for example, 10 customers this year, each customer spends 10 yuan. Next year, it will grow to 12 customers. Due to the development of customers themselves, demand and expenses will also increase to 12 yuan-from 10 * 10 to 12 * 12 and then to 15 * 15 is a typical exponential growth curve of SaaS companies.</span></p><p><span>Linode Product Pricing</span></p><p><img src=\"https://img3.gelonghui.com/9ebba-b780a3a2-5d49-448e-a67f-7241e21eb81f.png\"/></p><p><span>Source: Linode</span></p><p><span>The pricing ideas of competition are similar, but relatively speaking, they are not as clear as DOCN. For example, Linode, the primary competitor outside the Big Three, has product pricing ranging from US $5/month to US $960/month. The packaged content is not so easy to understand. For budget-conscious individuals and small and medium-sized enterprises, DOCN is used to match the different functions required. Functions are more appropriate.</span></p><p><span>To sum up, although the track where DOCN is located is relatively voluminous, the competitiveness of DOCN products is relatively obvious. Coupled with the unique community, we are optimistic about its long-term competitiveness.</span></p><p><strong><span>(2) Management</span></strong></p><p><span>DOCN's management team is quite impressive: CEOYancey Spruil has served SendGrid for 15-19 years as COO and CFO. During his reign, Yancey tripled SendGrid's revenue and customer number, and then sold the company to cloud computing giant Twilio for a high price of $3 billion in 2019.</span></p><p><span>Yancey's resume is undoubtedly a plus for DOCN, and we can expect DOCN to continue to climb to new levels under his leadership.</span></p><p><strong><span>(3) Business strategy</span></strong></p><p><span>DOCN customer acquisition and operation model</span></p><p><img src=\"https://img3.gelonghui.com/c85cf-ec6800ba-50ee-4f2a-a2a2-d1d5177f92ac.png\"/></p><p><span>Source: DOCN</span></p><p><span>DOCN describes its customer acquisition model as a self-servicecustomer acquisition model, with customer self-service as the core-customers place orders by themselves without the help of customer service. In this mode, DOCN invests a lot of manpower and material resources to polish products and services more concise and easy to understand, which is convenient for customers to search, try and place orders. According to third-party statistics, DOCN's website has approximately 5 million unique visitors/traffic per month.</span></p><p><span>The benefits brought by this business strategy are also very obvious-DOCN's marketing expense ratio is very low, 14%, 12% and 10% respectively in 18-20 years (declining with revenue growth, which also reflects the gradual effect of scale appearance).</span></p><p><span>Comparison of marketing expense ratios between DOCN and mainstream SaaS companies</span></p><p><img src=\"https://img3.gelonghui.com/24db9-877d52f1-f9d3-4cd1-bc97-41316c0aa433.png\"/></p><p><span>As shown in the figure above, DOCN's marketing expense ratio is the lowest compared with mainstream Saas companies, and the high-growth companies such as Asana and<a href=\"https://laohu8.com/S/SNOW\">Snowflake</a>(Buffett participated in the investment) The marketing expense ratio is as high as 74% and 63%. Of course, the low marketing expense ratio of DOCN is also related to the community and word-of-mouth communication analyzed earlier.</span></p><p><span>It is also worth noting that last year DOCN improved its marketing system and cultivated a go-to-market (similar to direct sales) team internally. In 20 years, this team contributed only 2% to revenue, but the company expects to continue to grow.</span></p><p><strong><span>(4) Competition</span></strong></p><p><span>The track of cloud computing basic services (PaaS, IaaS) is growing very fast, with fierce competition and high concentration-the three giants such as Amazon, Microsoft, and Google basically account for 75% of the market. However, for small and medium-sized enterprises and individuals, the services and pricing provided by giants are complicated, which also gives DOCN development opportunities.</span></p><p><span>G2 IaaS Competitiveness quadrant</span></p><p><img src=\"https://img3.gelonghui.com/04cd2-8abd21e7-4fe9-4e86-b922-c24f47f75711.png\"/></p><p><span>Source: G2</span></p><p><span>The picture above shows the IaaS competition quadrant of G2, a well-known software analysis company. You can see that in the upper right corner representing Leader, in addition to the Big Three, it is DOCN, indicating that the competitiveness is still very excellent.</span></p><p><span>Investigation of reasons for choosing DOCN</span></p><p><img src=\"https://img3.gelonghui.com/88023-df6410f0-0561-4212-a400-0cfd2976557d.png\"/></p><p><span>Source: JPM</span></p><p><span>According to Morgan's user due diligence data on DOCN, in the question \"Why choose DOCN instead of other platforms\", 100% of users voted for ease of use, pricing and customer service, which also shows the core competitiveness of DOCN. Another 78% voted for profile, 56% voted for performance, etc.</span></p><p><span>Survey of willingness to spend on the DOCN platform in the coming year</span></p><p><img src=\"https://img3.gelonghui.com/91d7e-3bc89811-db9b-4aaf-a1de-15ce7ddc688f.png\"/></p><p><span>Source: JPM</span></p><p><span>The picture above shows Morgan's due diligence on DOCN customers. Among them, 89% of the customers indicated that they will increase consumption on the DOCN platform next year, and 11% indicated that they may maintain spending, which is undoubtedly positive for the growth of DOCN. In addition, in the poll of \"probability of changing other servers\", 89% of users voted very low and 11% voted neutral, indicating that customers' stickiness is strong. Other aspects of competition have been analyzed earlier, so I will not repeat them here.</span></p><p><h3><span><strong><span><font color=\"#3daad6\">03 Valuation and Risk</font></span></strong></span></h3><span>DOCN Core Data Model</span></p><p><img src=\"https://img3.gelonghui.com/ea7e1-2b2c674e-d90d-4e6c-8e98-a7f1558a8da0.jpg\"/></p><p><span>As of 2020, the number of DOCN users was 573,000, and it is expected to grow to 723,000 by 23 years, a year-on-year increase of 7%, 8.7% and 8.4% respectively. The NRR (net retention rate) has increased from 113.5% in 21 years to about 118%. This will bring about faster revenue growth (30% +). DOCN is similar to many other SaaS companies, with a high gross profit margin of nearly 80%; In terms of operating profit margin, with the improvement of scale effect, it is expected to increase from 11.5% (expected) in 21 years to 22.1% in 23 years.</span></p><p><span>As of January 12, the valuation of DOCN'S corresponding revenue in 21 years is about 18.3 x, combined with the expected operating profit margin of 22%, the potential P/E is about 90x, and with a revenue growth rate of 30%, This valuation still appears high. The reasons for the overestimation are mainly the high prosperity of the track, the certainty of growth, and the competitiveness and expansion potential of DOCN itself. At present, DOCN, like other ps stocks, has experienced a violent decline in valuation, but it might as well start to pay attention to it in the darkest moment.</span></p><p><span>Note: This article was originally created by the US stock study club team. Please indicate the source for reprinting. Thank you!</span></p><p></body></html></p>","source":"gelonghui_highlight","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>US Stock Nuggets | Will Digital Ocean become the invisible king?</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nUS Stock Nuggets | Will Digital Ocean become the invisible king?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">格隆汇</strong><span class=\"h-time small\">2022-01-13 17:09</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body><span>Author | US Stock Research Institute</span></p><p><span>Data Support | Pythagorean Big Data (www.gogudata.com)</span></p><p><img src=\"https://img3.gelonghui.com/604f4-5e7c4c5d-f76c-4db4-8dd1-e3f5cb8bb5f9.png\"/></p><p><span>DigitalOcean (DOCN) was founded in 2011 in New York, USA, mainly providing cloud computing services for individuals and small and medium-sized enterprises. It was listed on Nasdaq in March 2021. As financial reports exceeded expectations one after another, the stock price experienced a round of magnificent rises, hitting new highs repeatedly.</span></p><p><span>DOCN's stock price trend since its listing</span></p><p><img src=\"https://img3.gelonghui.com/8d0ec-bc9e4f2a-c53e-49ef-baa1-9ff63a3881a2.png\"/></p><p><span>Source: Seekingalpha</span></p><p><span>But since the end of November, the Federal Reserve has turned hawkish and continued to strengthen its hawkish stance, such as accelerating taper and rate hike, and recently proposing shrinking balance sheet. In this environment of strong tightening expectations, growth stocks, especially those that have not yet been profitable, have experienced a sharp decline. The stock prices of a number of companies have been halved or even more, and DOCN has not been spared. So what will happen to DOCN's elasticity after the killing valuation stabilizes? Let's look at it fundamentally.</span></p><p><h3><span><strong><span><font color=\"#3daad6\">01Two core issues</font></span></strong></span></h3><strong><span>(1) TAM: Is the pool big enough?</span></strong></p><p><span>DOCN focuses on providing cloud computing services to individuals and SMEs (fewer than 500 employees). When it comes to cloud, maybe everyone's first reaction is<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>、<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>And<a href=\"https://laohu8.com/S/GOOG\">Google</a>The three giants then couldn't help but ask soul torture: Do small and medium-sized cloud service providers still have room to survive in front of the giants?</span></p><p><span>In fact, there is, and the market space and growth rate are not bad-according to the data of IDC, a professional research institute, the cloud service market for individuals and small and medium-sized enterprises in 21 years is about 56 billion US dollars, a year-on-year increase of 27%, and will reach 116 billion US dollars by 24 years. Compared with this high-growth large pool, the current penetration rate of DOCN is less than 1%, and the space is still very broad.</span></p><p><span>U.S. cloud computing market size growth expectations</span></p><p><img src=\"https://img3.gelonghui.com/33ab0-9c8ec3b5-fbf9-4bf5-a17d-334a47d7708f.png\"/></p><p><span>Source: Grandviewresearch</span></p><p><span>The growth expectations of other institutions are similar. For example, Grandviewresearch gave the U.S. cloud computing market a compound annual growth rate of 18.1% from 21 to 28 years. For the market segment of small and medium-sized users, what can be expected is to grow faster than the overall market-DOCN management also stated that the current needs of small and medium-sized customers have not been well served, and the cloud migration may be accelerated in the future.</span></p><p><strong><span>(2) Competitiveness: How does DOCN eat this market?</span></strong></p><p><span>In the field of cloud computing (IaaS and PaaS), the three giants such as Amazon can be said to be large, comprehensive, stable and reliable, and are the first choice of large enterprises. However, for small and medium-sized enterprises and individuals, the services and pricing provided by giants are complicated, which also gives DOCN a good opportunity to develop.</span></p><p><span>DOCN interface</span></p><p><img src=\"https://img3.gelonghui.com/daae1-427c7e29-36d4-4fa2-98b9-de7efddbe430.png\"/></p><p><span>The advantages of DOCN can be summarized into several keywords: introduction, ease of use, more timely service, transparent and easy-to-understand pricing. If friends who have used it may have a better experience, this platform is very easy to get started, while giants like AWS will be more complicated for small and medium-sized customers. In addition, in terms of service, DOCN is 24-hour customer service, so it will be better for small and medium-sized customers.</span></p><p><span>In addition to giants, DOCN actually has some competitors, but they are basically relatively small unlisted companies, such as Linode. Therefore, in the market segment of cloud services for individuals and small and medium-sized enterprises, DOCN has significant competitive advantages and strong certainty of future growth. Note: The picture below shows Morgan's survey interview with DOCN users, which shows that the only alternatives that users think are good except DOCN are the Big 3 and Linode.</span></p><p><span>\"What cloud service platform will be used besides DOCN\" survey data</span></p><p><img src=\"https://img3.gelonghui.com/b9d84-fdbf2cbf-813c-4699-9438-faeb5f0edaa5.png\"/></p><p><span>Source: JPM</span></p><p><span>Finally, another obvious advantage of DOCN is that it has a community of developers with over 5 million members, where Q&A, teaching, etc. can be conducted. The benefits this brings to DOCN are also obvious-a good reputation makes the cost of customer acquisition very low, and marketing expenses account for about 10% of revenue. Generally speaking, after getting used to a platform, the conversion cost is relatively high, so the user stickiness of DOCN is relatively strong and the potential lifetime value (LTV) is high.</span></p><p><h3><span><strong><span><font color=\"#3daad6\">02 Operation Analysis</font></span></strong></span></h3><strong><span>(1) Products</span></strong></p><p><span>Important time nodes for DOCN development</span></p><p><img src=\"https://img3.gelonghui.com/3ed86-991821ae-7224-4b39-99d1-9ffeba1c1ed2.png\"/></p><p><span>DOCN was founded in 2011, launched its first product, Droplet, the following year, and received a round of financing every year for 13-15 years. Intensive product releases and updates in 2017-2019, including core products Managed Kubernetesservice and Managed Databases offering (cloud storage). In 20 years, the company capped App Platform, a PaaS platform; The upgraded version (Premium) of Droplet was launched in 2021, mainly equipped with<a href=\"https://laohu8.com/S/AMD\">AMD</a>And intel's processors.</span></p><p><img src=\"https://img3.gelonghui.com/9d425-df5c62a5-28e1-4b03-88bc-b3a78a692d2c.png\"/></p><p><span>The picture above shows the evolution line of DOCN platform: the first generation of products is 12-15 years old, mainly making VPS (virtual server) to help customers develop and test applications; The second-generation product is 15-18 years old, mainly providing basic cloud services, including cloud space, cloud firewall, etc.; The third-generation products are 18 years old-today, mainly upgraded and subdivided on the basis of the previous generation (adding developer attributes, aiming at small and medium-sized enterprises and individual markets), including database management, App platform, etc.</span></p><p><span>Current core product classifications of DOCN: (1) Computing services: Droplets, Managed Kubernetes, App Platform; (2) Storage services: Spaces (individual storage), Volumes (block storage); (3) Network services: Cloud Firewalls (Cloud Firewalls), VPC (virtual private cloud); (4) Database management.</span></p><p><span>DOCN Base Droplets Pricing</span></p><p><img src=\"https://img3.gelonghui.com/f7d1f-e0258a63-7a32-4a4c-b104-257631df861c.png\"/></p><p><span>Source: Digital Ocean</span></p><p><span>DOCN App Platform pricing</span></p><p><img src=\"https://img3.gelonghui.com/c0bb9-7dfb660f-4b7c-470e-9aa6-a5e9ffd1ac97.png\"/></p><p><span>Source: Digital Ocean</span></p><p><span>In terms of pricing, as mentioned earlier, DOCN pricing is simple and transparent, and different product lines/services are priced separately. For example, the pricing of the basic version of Droplets in the picture above has been gradually increased from $5 to $80 per month according to the different services provided. As for the difference in providing services, it mainly refers to the difference in CPU use (intel, AMD and different models are optional), the difference in bandwidth requirements, and the difference in storage space requirements. Other product pricing (such as App Platform) is similar.</span></p><p><span>It is worth mentioning that the charging model adopted by DOCN is a monthly subscription, which is the same as the SaaS model and is conducive to exponential growth-for example, 10 customers this year, each customer spends 10 yuan. Next year, it will grow to 12 customers. Due to the development of customers themselves, demand and expenses will also increase to 12 yuan-from 10 * 10 to 12 * 12 and then to 15 * 15 is a typical exponential growth curve of SaaS companies.</span></p><p><span>Linode Product Pricing</span></p><p><img src=\"https://img3.gelonghui.com/9ebba-b780a3a2-5d49-448e-a67f-7241e21eb81f.png\"/></p><p><span>Source: Linode</span></p><p><span>The pricing ideas of competition are similar, but relatively speaking, they are not as clear as DOCN. For example, Linode, the primary competitor outside the Big Three, has product pricing ranging from US $5/month to US $960/month. The packaged content is not so easy to understand. For budget-conscious individuals and small and medium-sized enterprises, DOCN is used to match the different functions required. Functions are more appropriate.</span></p><p><span>To sum up, although the track where DOCN is located is relatively voluminous, the competitiveness of DOCN products is relatively obvious. Coupled with the unique community, we are optimistic about its long-term competitiveness.</span></p><p><strong><span>(2) Management</span></strong></p><p><span>DOCN's management team is quite impressive: CEOYancey Spruil has served SendGrid for 15-19 years as COO and CFO. During his reign, Yancey tripled SendGrid's revenue and customer number, and then sold the company to cloud computing giant Twilio for a high price of $3 billion in 2019.</span></p><p><span>Yancey's resume is undoubtedly a plus for DOCN, and we can expect DOCN to continue to climb to new levels under his leadership.</span></p><p><strong><span>(3) Business strategy</span></strong></p><p><span>DOCN customer acquisition and operation model</span></p><p><img src=\"https://img3.gelonghui.com/c85cf-ec6800ba-50ee-4f2a-a2a2-d1d5177f92ac.png\"/></p><p><span>Source: DOCN</span></p><p><span>DOCN describes its customer acquisition model as a self-servicecustomer acquisition model, with customer self-service as the core-customers place orders by themselves without the help of customer service. In this mode, DOCN invests a lot of manpower and material resources to polish products and services more concise and easy to understand, which is convenient for customers to search, try and place orders. According to third-party statistics, DOCN's website has approximately 5 million unique visitors/traffic per month.</span></p><p><span>The benefits brought by this business strategy are also very obvious-DOCN's marketing expense ratio is very low, 14%, 12% and 10% respectively in 18-20 years (declining with revenue growth, which also reflects the gradual effect of scale appearance).</span></p><p><span>Comparison of marketing expense ratios between DOCN and mainstream SaaS companies</span></p><p><img src=\"https://img3.gelonghui.com/24db9-877d52f1-f9d3-4cd1-bc97-41316c0aa433.png\"/></p><p><span>As shown in the figure above, DOCN's marketing expense ratio is the lowest compared with mainstream Saas companies, and the high-growth companies such as Asana and<a href=\"https://laohu8.com/S/SNOW\">Snowflake</a>(Buffett participated in the investment) The marketing expense ratio is as high as 74% and 63%. Of course, the low marketing expense ratio of DOCN is also related to the community and word-of-mouth communication analyzed earlier.</span></p><p><span>It is also worth noting that last year DOCN improved its marketing system and cultivated a go-to-market (similar to direct sales) team internally. In 20 years, this team contributed only 2% to revenue, but the company expects to continue to grow.</span></p><p><strong><span>(4) Competition</span></strong></p><p><span>The track of cloud computing basic services (PaaS, IaaS) is growing very fast, with fierce competition and high concentration-the three giants such as Amazon, Microsoft, and Google basically account for 75% of the market. However, for small and medium-sized enterprises and individuals, the services and pricing provided by giants are complicated, which also gives DOCN development opportunities.</span></p><p><span>G2 IaaS Competitiveness quadrant</span></p><p><img src=\"https://img3.gelonghui.com/04cd2-8abd21e7-4fe9-4e86-b922-c24f47f75711.png\"/></p><p><span>Source: G2</span></p><p><span>The picture above shows the IaaS competition quadrant of G2, a well-known software analysis company. You can see that in the upper right corner representing Leader, in addition to the Big Three, it is DOCN, indicating that the competitiveness is still very excellent.</span></p><p><span>Investigation of reasons for choosing DOCN</span></p><p><img src=\"https://img3.gelonghui.com/88023-df6410f0-0561-4212-a400-0cfd2976557d.png\"/></p><p><span>Source: JPM</span></p><p><span>According to Morgan's user due diligence data on DOCN, in the question \"Why choose DOCN instead of other platforms\", 100% of users voted for ease of use, pricing and customer service, which also shows the core competitiveness of DOCN. Another 78% voted for profile, 56% voted for performance, etc.</span></p><p><span>Survey of willingness to spend on the DOCN platform in the coming year</span></p><p><img src=\"https://img3.gelonghui.com/91d7e-3bc89811-db9b-4aaf-a1de-15ce7ddc688f.png\"/></p><p><span>Source: JPM</span></p><p><span>The picture above shows Morgan's due diligence on DOCN customers. Among them, 89% of the customers indicated that they will increase consumption on the DOCN platform next year, and 11% indicated that they may maintain spending, which is undoubtedly positive for the growth of DOCN. In addition, in the poll of \"probability of changing other servers\", 89% of users voted very low and 11% voted neutral, indicating that customers' stickiness is strong. Other aspects of competition have been analyzed earlier, so I will not repeat them here.</span></p><p><h3><span><strong><span><font color=\"#3daad6\">03 Valuation and Risk</font></span></strong></span></h3><span>DOCN Core Data Model</span></p><p><img src=\"https://img3.gelonghui.com/ea7e1-2b2c674e-d90d-4e6c-8e98-a7f1558a8da0.jpg\"/></p><p><span>As of 2020, the number of DOCN users was 573,000, and it is expected to grow to 723,000 by 23 years, a year-on-year increase of 7%, 8.7% and 8.4% respectively. The NRR (net retention rate) has increased from 113.5% in 21 years to about 118%. This will bring about faster revenue growth (30% +). DOCN is similar to many other SaaS companies, with a high gross profit margin of nearly 80%; In terms of operating profit margin, with the improvement of scale effect, it is expected to increase from 11.5% (expected) in 21 years to 22.1% in 23 years.</span></p><p><span>As of January 12, the valuation of DOCN'S corresponding revenue in 21 years is about 18.3 x, combined with the expected operating profit margin of 22%, the potential P/E is about 90x, and with a revenue growth rate of 30%, This valuation still appears high. The reasons for the overestimation are mainly the high prosperity of the track, the certainty of growth, and the competitiveness and expansion potential of DOCN itself. At present, DOCN, like other ps stocks, has experienced a violent decline in valuation, but it might as well start to pay attention to it in the darkest moment.</span></p><p><span>Note: This article was originally created by the US stock study club team. Please indicate the source for reprinting. Thank you!</span></p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.gelonghui.com/p/505834\">格隆汇</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://img3.gelonghui.com/26727-b75e9ffa-7ffe-43fe-a097-12c8850d31c9.png","relate_stocks":{"BK4116":"互联网服务与基础架构","BK4534":"瑞士信贷持仓","BK4503":"景林资产持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4122":"互联网与直销零售","BK4566":"资本集团","BK4535":"淡马锡持仓","BK4538":"云计算","BK4559":"巴菲特持仓","DOCN":"DigitalOcean Holdings, Inc.","BK4550":"红杉资本持仓","BK4507":"流媒体概念","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓","AMZN":"亚马逊","BK4561":"索罗斯持仓","BK4524":"宅经济概念","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","BK4527":"明星科技股"},"source_url":"http://www.gelonghui.com/p/505834","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"2203763214","content_text":"作者 | 美股研习社数据支持 | 勾股大数据（www.gogudata.com）DigitalOcean（DOCN）成立于2011年，美国纽约，主要为个人和中小企业提供云计算服务。21年3月登陆纳斯达克上市，由于财报接连超预期，股价经历了一轮波澜壮阔的上涨，屡创新高。DOCN上市以来股价走势 来源：Seekingalpha但从11月末开始，美联储转鹰，并不断加强鹰派的立场，例如加快taper和加息，以及近期提出缩表等。在这种强紧缩预期的环境下，成长股尤其是尚未盈利的经历了一轮猛烈下跌，成批公司股价腰斩甚至更多，DOCN也未能幸免。那么DOCN在杀估值企稳后的弹性会怎么样？我们从基本面来看。      01 两个核心问题（1）TAM：池子够不够大？DOCN专注于为个人和中小企业（员工少于500人）提供云计算服务。提到云，可能大家的第一反应是亚马逊、微软和谷歌三大巨头，然后不由得提出灵魂拷问：中小云服务商在巨头面前还有生存空间吗？其实还真有，而且市场空间和增速都还不错——据专业研究机构IDC的数据，21年个人和中小企业的云服务市场规模约560亿美元，同比增长27%，并且至24年将达到1160亿美元。相较于这个高增长的大池子，DOCN目前渗透率不到1%，空间仍非常广阔。美国云计算市场规模增长预期来源：Grandviewresearch其他机构的增长预期也类似，比如Grandviewresearch给出美国云计算市场规模21年-28年年复合增长率高达18.1%。对于中小用户的细分市场来说，可以期待的是比整体的市场增速要更快一点——DOCN管理层也表示目前中小客户的需求是没有被服务好的，未来可能加快上云。（2）竞争力：DOCN怎么吃下这个市场？在云计算（IaaS和PaaS）这个领域，亚马逊等三巨头可以说大而全，稳定可靠，是大企业的首选。不过对于中小企业和个人来说，巨头提供的服务和定价显得复杂，这也就给了DOCN发展良机。DOCN界面DOCN的优势可以总结为几个关键词：简介、易用、服务更及时、定价透明易理解。如果用过的朋友可能比较有体会，这平台上手非常容易，而像AWS这种巨头对中小客户来说显得会比较复杂。另外在服务方面，DOCN是24小时全天候客服，所以对于中小客户来说会更好。除了巨头之外，DOCN其实还有一些竞争对手，不过基本是规模比较小的未上市企业，比如Linode等。所以在个人和中小企业云服务这个细分市场，DOCN竞争优势显著，未来增长确定性强。注：下图为摩根对DOCN用户的调研访谈，表明用户除了DOCN之外觉得不错的替代品基本只有3巨头和Linode。“除DOCN外还会用什么云服务平台”调研数据来源：JPM最后，DOCN还有一个明显的优势在于有一个超500万会员的开发者的社区，里面可以进行问答、教学等。这给DOCN带来的好处也很明显——好的口碑让获客成本很低，营销费用占营收约10%。而一般而言，用习惯了一个平台之后转换成本是比较高的，所以DOCN的用户黏性比较强，潜在的终身价值（LTV）高。02 经营分析（1）产品DOCN发展重要时间节点DOCN成立于2011年，次年推出第一款产品Droplet，13-15年每年获得一轮融资。17-19年密集发布和更新产品，其中包括核心产品Managed Kubernetesservice和Managed Databases offering（云存储）等。20年，公司上限App Platform，一个PaaS平台；21年上线Droplet的升级版（Premium），主要搭载AMD和intel的处理器。上图为DOCN平台的进化线：第一代产品12-15年，主要做VPS（虚拟服务器），帮助客户开发和测试应用程序；第二代产品15-18年，主要提供基础云服务，包括云空间、云防火墙等；第三代产品18年-今，主要在上一代基础上进行升级和细分（增添了开发者属性，针对中小企业和个人市场），包括数据库管理，App平台等。目前DOCN的核心产品分类：（1）计算服务：Droplets，Managed Kubernetes，App Platform；（2）存储服务：Spaces（个体存储），Volumes（区块存储）；（3）网络服务：Cloud Firewalls（云防火墙），VPC（虚拟私有云）；（4）数据库管理。DOCN基础Droplets定价来源：Digital OceanDOCN App Platform定价来源：Digital Ocean定价方面，前文有提到DOCN定价简单透明，不同产品条线/服务分别定价。比如上图基础版Droplets的定价按提供服务的不同，由每个月5美元逐级提升至80美元。至于提供服务的不同，主要指使用CPU的不同（intel、AMD以及不同型号可选），带宽需求的不同，以及存储空间需求的不同等。其他产品定价（比如App Platform）也是类似。值得一提的是，DOCN采取的收费模式是按月订阅，这与SaaS的模式一样，有利于实现指数级的增长——比如今年10个客户，每个客户花费10元。明年发展到12个客户，由于客户自身的发展，需求和花费也增多至12元——从10*10到12*12再到15*15就是典型的SaaS公司指数级增长曲线。Linode产品定价来源：Linode竞对的定价思路也是类似，不过相对来说没有DOCN那么清晰。比如三巨头之外的首要竞对Linode，产品定价从5美元/月一直到960美元/月，里面打包的内容不是那么好理解，对于精打细算的个人和中小企业来说，用DOCN搭配所需的不同功能更为合适。总结来看，DOCN所在的赛道虽然比较卷，但DOCN产品竞争力比较明显，加上独有的社区，看好其长期竞争力。（2）管理层DOCN的管理团队还是挺令人印象深刻的：CEOYancey Spruil 15-19年服务于SendGrid公司，担任COO和CFO。在位期间，Yancey将SendGrid的营收和客户数量翻了3倍，然后在19年以30亿美元的高价将公司出售给云计算大厂Twilio。Yancey的履历无疑是DOCN的加分项，可以期待在他的带领下DOCN不断登上新的台阶。（3）经营策略DOCN获客与运营模式来源：DOCNDOCN将自己的获客模型描述为self-servicecustomer acquisition model，以客户自助式服务为核心——客户自助下单，不需要客服的帮助。在这个模式下，DOCN投入大量的人力物力将产品和服务打磨得更加简洁易懂，方便客户搜索、尝试和下单。据第三方数据统计，DOCN的网站每个月大约有500万独立访客/流量。这种经营策略带来的好处也非常明显——DOCN的营销费用率非常低，18-20年分别为14%、12%和10%（随营收增长而下降，也反映了规模效应逐步的显现）。DOCN与主流SaaS公司营销费用率对比如上图所示，DOCN的营销费用率和主流Saas公司对比是最低的，高增长的几家比如Asana和Snowflake（巴菲特参投）营销费用率高达74%和63%。当然，DOCN的营销费用率低也和前文分析过的社区与口碑传播有关。另外值得注意的是，去年DOCN完善了营销体系，内部培育go-to-market（类似直销）团队。20年这一团队对营收的贡献仅2%，不过公司预期将会不断增长。（4）竞对云计算基础服务（PaaS、IaaS）这个赛道增速非常快，竞争激烈，并且集中度很高——亚马逊、微软、谷歌等三巨头基本占了75%的市场。不过对于中小企业和个人来说，巨头提供的服务和定价显得复杂，这也就给了DOCN发展机遇。G2 IaaS竞争力象限来源：G2上图为知名软件分析公司G2的IaaS竞争象限，可以看到在代表Leader的右上角，除了三巨头之外就是DOCN，表明竞争力还是很优秀的。选择DOCN的理由调查来源：JPM根据摩根对DOCN的用户尽调数据，在“为什么选择DOCN而不是其他平台”的问题中，100%的用户投票给易用、定价和客服三项，也表明了DOCN核心竞争力所在。另外78%投了简介，56%投了性能等。未来一年在DOCN平台支出的意愿调查来源：JPM上图为摩根对于DOCN客户的尽调，其中89%的客户表明下一年将增加在DOCN平台上的消费，11%表明可能维持支出，这对于DOCN的增长来说无疑是利好。另外，在“更换其他服务器的概率”问题投票中，89%的用户投了非常低，11%投了中性，表明客户的粘性比较强。其他竞对方面的分析前文已有，这里就不再赘述。03 估值与风险DOCN核心数据模型截止20年，DOCN用户数为57.3万，预计至23年将增长至72.3万，同比分别增7%、8.7%和8.4%，NRR（净留存率）由21年113.5%提升至118%左右，这将带来营收较快速增长（30%+）。DOCN和其他许多SaaS公司类似，有着接近80%的高毛利率；经营利润率方面，随着规模效应的提升，有望从21年11.5%（预计）提升至23年22.1%。截止1月12日，DOCN对应21年营收的估值，P/S约18.3x，结合预期经营利润率22%，潜在P/E约90x，而在营收增速30%的情况下，这一估值仍显得偏高。那么高估的原因主要是赛道的高景气度、增长的确定性，以及DOCN自身的竞争力和扩张潜力。目前DOCN和其他ps股一样经历估值的猛烈下杀，但不妨在至暗时刻开始关注起来了。注：本文由美股研习社团队原创，转载请注明出处，谢谢！","news_type":1,"symbols_score_info":{"AMZN":0.9,"DOCN":1}},"isVote":1,"tweetType":1,"viewCount":952,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9005265839,"gmtCreate":1642315760444,"gmtModify":1676533700777,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"OK liken pls&nbsp;","listText":"OK liken pls&nbsp;","text":"OK liken pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005265839","repostId":"2203327742","repostType":2,"repost":{"id":"2203327742","kind":"highlight","pubTimestamp":1642295090,"share":"https://ttm.financial/m/news/2203327742?lang=en_US&edition=fundamental","pubTime":"2022-01-16 09:04","market":"us","language":"en","title":"The Fed Is Raising Interest Rates: These Growth Stocks Can Still Double in 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=2203327742","media":"Motley Fool","summary":"Worried about fighting the Fed? Don't miss out on these potentially explosive stocks.","content":"<div>\n<p>Federal Reserve Chairman Jerome Powell recently confirmed that the central bank will be raising interest rates this year, and previous comments suggest that multiple rate hikes could be in the works. ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/15/the-fed-is-raising-interest-rates-these-growth-sto/\">Source 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>The Fed Is Raising Interest Rates: These Growth Stocks Can Still Double in 2022</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\">\nThe Fed Is Raising Interest Rates: These Growth Stocks Can Still Double in 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-16 09:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/01/15/the-fed-is-raising-interest-rates-these-growth-sto/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Federal Reserve Chairman Jerome Powell recently confirmed that the central bank will be raising interest rates this year, and previous comments suggest that multiple rate hikes could be in the works. ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/15/the-fed-is-raising-interest-rates-these-growth-sto/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4551":"寇图资本持仓",".SPX":"S&P 500 Index","BK4508":"社交媒体","SPY":"标普500ETF","BK4524":"宅经济概念","BK4554":"元宇宙及AR概念","BK4527":"明星科技股","BK4077":"互动媒体与服务","MELI":"MercadoLibre","BK4534":"瑞士信贷持仓","PINS":"Pinterest, Inc.","BK4122":"互联网与直销零售","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","FVRR":"Fiverr International Ltd.","PYPL":"PayPal","BK4535":"淡马锡持仓","BK4106":"数据处理与外包服务","BK4504":"桥水持仓","BK4559":"巴菲特持仓","BK4550":"红杉资本持仓","BK4548":"巴美列捷福持仓"},"source_url":"https://www.fool.com/investing/2022/01/15/the-fed-is-raising-interest-rates-these-growth-sto/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2203327742","content_text":"Federal Reserve Chairman Jerome Powell recently confirmed that the central bank will be raising interest rates this year, and previous comments suggest that multiple rate hikes could be in the works. Rising interest rates have typically meant a much weaker backdrop for growth stocks, but there are also companies in the category that already trade at steep discounts and could be poised for big gains despite less favorable macroeconomic conditions.With that in mind, a panel of Motley Fool contributors has profiled stocks that could still be capable of doubling before the year is out. Read on to see why they identified Fiverr International (NYSE:FVRR), Pinterest (NYSE:PINS), PayPal (NASDAQ:PYPL), and MercadoLibre (NASDAQ:MELI) as stocks that could thrive through macroeconomic pressures and double in 2022.This beaten-down stock has huge upsideKeith Noonan (Fiverr International): Fiverr International provides an online marketplace for contract-based labor, and it's poised to play a big role in the rise of the gig economy. In addition to offering new work opportunities for individuals, hiring through Fiverr's platform can offer some big advantages for businesses. Compared to a full-time employee, hiring a remote worker on a contract basis cuts down on office expenses, payroll taxes, and employee benefits. It's this dynamic in particular that sets Fiverr up to be a stellar long-term performer.With the Fed set to raise interest rates this year, the market is bailing out of companies that aren't close to posting profits or are highly reliant on debt to fund operations. The good news is that Fiverr doesn't fall into either of these categories.The business actually posted a small adjusted profit in the third quarter, and its 42% year-over-year sales growth and 83.3% gross margin in the quarter point to huge earnings growth potential. The company also ended Q3 with roughly $145.6 million in cash and short-term assets against just $426,000 in long-term loans and other non-current liabilities.Right now, Fiverr International is spending big on marketing and building out its technology platform, but it should be able to reduce its expenses as a percentage of sales amid strong momentum for the business. That should help facilitate a shift into delivering strong earnings growth. With the stock down roughly 55% over the last year and a staggering 75% from its 52-week high, Fiverr could conceivably double even if the Fed throws some curve balls.Step into the market's mistaken sell-offsJames Brumley (Pinterest): To be clear, the average investor probably shouldn't specifically be aiming to double their money in any year, particularly if we're talking about using the bulk of a portfolio's value to take that swing. On the other hand, if it happens with a bit of your \"funny money,\" so to speak, then it happens.With that as the backdrop, I don't think the most viable way of turning $1,000 into $2,000 in 2022 is using leveraged instruments like equity options or leveraged exchange-traded funds like the ProShares UltraPro S&P 500 Fund. Rather, the saner and far more accessible means of bagging a home run this year is stepping into one of the stocks that the market needlessly beat down last year.A prospect like Pinterest comes to mind. This stock was all the rage in 2020 when people were in lockdown due to the pandemic and bored out of their minds. Shares peeled back more than 60% from their early 2021 high, however, once investors realized they expected a little more monetization from this traffic surge than Pinterest was ready to produce at the time. The irony is, Pinterest has implemented several new initiatives in the meantime that should put the company on this path toward ramped-up revenue. Analysts are looking for revenue growth of 25% this year alone.Pinterest isn't your only option of the ilk, of course. It's just an example. There are a bunch of solid companies behind miserably performing stocks for the past several months. You just have to go out and do a little digging.Stick to your convictions whether the market agrees with you or notDaniel Foelber (PayPal and MercadoLibre): When thinking about what stock can double in 2022, it's important to understand just how difficult that is to accomplish. For example, the average annual return of the S&P 500 is only 8%. Doubling your money \"normally\" takes nine years. However, the S&P 500 has been way hotter since the financial crisis. In fact, the average return between 2009 and 2021 was 14.2% per year -- a 428% gain in total in that 13-year stretch.The S&P 500 also doubled between Jan. 1, 2019 and Dec. 31, 2021, a feat it has only ever done in the late 1990s and may never do again.I think it's never a good idea to pick a stock in the hopes that it doubles over the short to medium term. The stock market can be unpredictable in a year's time. For example, the three worst-performing sectors in the S&P 500 in 2020 were energy, real estate, and financials. The exact opposite happened in 2021, when the average stock in the energy sector gained over 50%, real estate was the second-best performer at 46%, and financials were the third-best at 35%.Similarly, pandemic-related growth stocks like Zoom, Teladoc, and Fiverr all more than doubled in 2020, gaining 730%, 396%, and 139%, respectively. But in 2021, each of those three stocks lost between 42% and 54% of its value.The lesson here is that chasing what's working one year and dumping what isn't is usually a great way to lose money. Sticking to companies that you understand and that have excellent long-term growth prospects reduces randomness. In terms of a best buy now, for me it's a high-quality industry-leading growth stock like PayPal or MercadoLibre. Both stocks are down 40% from their 52-week highs, but each business has incredible long-term potential. It's anyone's guess if either stock doubles this year. But I'm confident that both will double from their current prices at some point in the future.","news_type":1,"symbols_score_info":{"MELI":0.6,"PINS":1,"FVRR":1,".SPX":0.9,"SPY":0.6,"PYPL":1}},"isVote":1,"tweetType":1,"viewCount":1400,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003461141,"gmtCreate":1641049254988,"gmtModify":1676533567859,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TENB\">$Tenable Holdings Inc.(TENB)$</a><a href=\"https://ttm.financial/S/ZS\">$Zscaler Inc.(ZS)$</a>https://www.fool.com/investing/2021/12/30/2-cybersecurity-stocks-worth-buying-in-2022/","listText":"<a href=\"https://ttm.financial/S/TENB\">$Tenable Holdings Inc.(TENB)$</a><a href=\"https://ttm.financial/S/ZS\">$Zscaler Inc.(ZS)$</a>https://www.fool.com/investing/2021/12/30/2-cybersecurity-stocks-worth-buying-in-2022/","text":"$Tenable Holdings Inc.(TENB)$$Zscaler Inc.(ZS)$https://www.fool.com/investing/2021/12/30/2-cybersecurity-stocks-worth-buying-in-2022/","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003461141","isVote":1,"tweetType":1,"viewCount":1408,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003690256,"gmtCreate":1640950589505,"gmtModify":1676533557828,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$</a>https://k.sina.cn/article_2533735684_9705bd0400101227x.html?from=auto&amp;ab=qiche&amp;_rewriteTime=1640950395882&amp;http=fromhttp","listText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$</a>https://k.sina.cn/article_2533735684_9705bd0400101227x.html?from=auto&amp;ab=qiche&amp;_rewriteTime=1640950395882&amp;http=fromhttp","text":"$NIO Inc.(NIO)$https://k.sina.cn/article_2533735684_9705bd0400101227x.html?from=auto&ab=qiche&_rewriteTime=1640950395882&http=fromhttp","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003690256","isVote":1,"tweetType":1,"viewCount":1702,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9005265839,"gmtCreate":1642315760444,"gmtModify":1676533700777,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"OK liken pls&nbsp;","listText":"OK liken pls&nbsp;","text":"OK liken pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005265839","repostId":"2203327742","repostType":2,"repost":{"id":"2203327742","kind":"highlight","pubTimestamp":1642295090,"share":"https://ttm.financial/m/news/2203327742?lang=en_US&edition=fundamental","pubTime":"2022-01-16 09:04","market":"us","language":"en","title":"The Fed Is Raising Interest Rates: These Growth Stocks Can Still Double in 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=2203327742","media":"Motley Fool","summary":"Worried about fighting the Fed? Don't miss out on these potentially explosive stocks.","content":"<div>\n<p>Federal Reserve Chairman Jerome Powell recently confirmed that the central bank will be raising interest rates this year, and previous comments suggest that multiple rate hikes could be in the works. ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/15/the-fed-is-raising-interest-rates-these-growth-sto/\">Source 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>The Fed Is Raising Interest Rates: These Growth Stocks Can Still Double in 2022</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\">\nThe Fed Is Raising Interest Rates: These Growth Stocks Can Still Double in 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-16 09:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/01/15/the-fed-is-raising-interest-rates-these-growth-sto/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Federal Reserve Chairman Jerome Powell recently confirmed that the central bank will be raising interest rates this year, and previous comments suggest that multiple rate hikes could be in the works. ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/15/the-fed-is-raising-interest-rates-these-growth-sto/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4551":"寇图资本持仓",".SPX":"S&P 500 Index","BK4508":"社交媒体","SPY":"标普500ETF","BK4524":"宅经济概念","BK4554":"元宇宙及AR概念","BK4527":"明星科技股","BK4077":"互动媒体与服务","MELI":"MercadoLibre","BK4534":"瑞士信贷持仓","PINS":"Pinterest, Inc.","BK4122":"互联网与直销零售","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","FVRR":"Fiverr International Ltd.","PYPL":"PayPal","BK4535":"淡马锡持仓","BK4106":"数据处理与外包服务","BK4504":"桥水持仓","BK4559":"巴菲特持仓","BK4550":"红杉资本持仓","BK4548":"巴美列捷福持仓"},"source_url":"https://www.fool.com/investing/2022/01/15/the-fed-is-raising-interest-rates-these-growth-sto/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2203327742","content_text":"Federal Reserve Chairman Jerome Powell recently confirmed that the central bank will be raising interest rates this year, and previous comments suggest that multiple rate hikes could be in the works. Rising interest rates have typically meant a much weaker backdrop for growth stocks, but there are also companies in the category that already trade at steep discounts and could be poised for big gains despite less favorable macroeconomic conditions.With that in mind, a panel of Motley Fool contributors has profiled stocks that could still be capable of doubling before the year is out. Read on to see why they identified Fiverr International (NYSE:FVRR), Pinterest (NYSE:PINS), PayPal (NASDAQ:PYPL), and MercadoLibre (NASDAQ:MELI) as stocks that could thrive through macroeconomic pressures and double in 2022.This beaten-down stock has huge upsideKeith Noonan (Fiverr International): Fiverr International provides an online marketplace for contract-based labor, and it's poised to play a big role in the rise of the gig economy. In addition to offering new work opportunities for individuals, hiring through Fiverr's platform can offer some big advantages for businesses. Compared to a full-time employee, hiring a remote worker on a contract basis cuts down on office expenses, payroll taxes, and employee benefits. It's this dynamic in particular that sets Fiverr up to be a stellar long-term performer.With the Fed set to raise interest rates this year, the market is bailing out of companies that aren't close to posting profits or are highly reliant on debt to fund operations. The good news is that Fiverr doesn't fall into either of these categories.The business actually posted a small adjusted profit in the third quarter, and its 42% year-over-year sales growth and 83.3% gross margin in the quarter point to huge earnings growth potential. The company also ended Q3 with roughly $145.6 million in cash and short-term assets against just $426,000 in long-term loans and other non-current liabilities.Right now, Fiverr International is spending big on marketing and building out its technology platform, but it should be able to reduce its expenses as a percentage of sales amid strong momentum for the business. That should help facilitate a shift into delivering strong earnings growth. With the stock down roughly 55% over the last year and a staggering 75% from its 52-week high, Fiverr could conceivably double even if the Fed throws some curve balls.Step into the market's mistaken sell-offsJames Brumley (Pinterest): To be clear, the average investor probably shouldn't specifically be aiming to double their money in any year, particularly if we're talking about using the bulk of a portfolio's value to take that swing. On the other hand, if it happens with a bit of your \"funny money,\" so to speak, then it happens.With that as the backdrop, I don't think the most viable way of turning $1,000 into $2,000 in 2022 is using leveraged instruments like equity options or leveraged exchange-traded funds like the ProShares UltraPro S&P 500 Fund. Rather, the saner and far more accessible means of bagging a home run this year is stepping into one of the stocks that the market needlessly beat down last year.A prospect like Pinterest comes to mind. This stock was all the rage in 2020 when people were in lockdown due to the pandemic and bored out of their minds. Shares peeled back more than 60% from their early 2021 high, however, once investors realized they expected a little more monetization from this traffic surge than Pinterest was ready to produce at the time. The irony is, Pinterest has implemented several new initiatives in the meantime that should put the company on this path toward ramped-up revenue. Analysts are looking for revenue growth of 25% this year alone.Pinterest isn't your only option of the ilk, of course. It's just an example. There are a bunch of solid companies behind miserably performing stocks for the past several months. You just have to go out and do a little digging.Stick to your convictions whether the market agrees with you or notDaniel Foelber (PayPal and MercadoLibre): When thinking about what stock can double in 2022, it's important to understand just how difficult that is to accomplish. For example, the average annual return of the S&P 500 is only 8%. Doubling your money \"normally\" takes nine years. However, the S&P 500 has been way hotter since the financial crisis. In fact, the average return between 2009 and 2021 was 14.2% per year -- a 428% gain in total in that 13-year stretch.The S&P 500 also doubled between Jan. 1, 2019 and Dec. 31, 2021, a feat it has only ever done in the late 1990s and may never do again.I think it's never a good idea to pick a stock in the hopes that it doubles over the short to medium term. The stock market can be unpredictable in a year's time. For example, the three worst-performing sectors in the S&P 500 in 2020 were energy, real estate, and financials. The exact opposite happened in 2021, when the average stock in the energy sector gained over 50%, real estate was the second-best performer at 46%, and financials were the third-best at 35%.Similarly, pandemic-related growth stocks like Zoom, Teladoc, and Fiverr all more than doubled in 2020, gaining 730%, 396%, and 139%, respectively. But in 2021, each of those three stocks lost between 42% and 54% of its value.The lesson here is that chasing what's working one year and dumping what isn't is usually a great way to lose money. Sticking to companies that you understand and that have excellent long-term growth prospects reduces randomness. In terms of a best buy now, for me it's a high-quality industry-leading growth stock like PayPal or MercadoLibre. Both stocks are down 40% from their 52-week highs, but each business has incredible long-term potential. It's anyone's guess if either stock doubles this year. But I'm confident that both will double from their current prices at some point in the future.","news_type":1,"symbols_score_info":{"MELI":0.6,"PINS":1,"FVRR":1,".SPX":0.9,"SPY":0.6,"PYPL":1}},"isVote":1,"tweetType":1,"viewCount":1400,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9059802801,"gmtCreate":1654319341103,"gmtModify":1676535431779,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"OK like pls&nbsp;","listText":"OK like pls&nbsp;","text":"OK like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9059802801","repostId":"2240200693","repostType":4,"repost":{"id":"2240200693","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1654309160,"share":"https://ttm.financial/m/news/2240200693?lang=en_US&edition=fundamental","pubTime":"2022-06-04 10:19","market":"us","language":"en","title":"If Oil Keeps Rising, These 5 Exploration Stocks Could Benefit","url":"https://stock-news.laohu8.com/highlight/detail?id=2240200693","media":"Dow Jones","summary":"Oil could be headed for $150 a barrel. That might not be good for the economy, but it would be great","content":"<html><head></head><body><p>Oil could be headed for $150 a barrel. That might not be good for the economy, but it would be great news for energy stocks.</p><p>Crude prices had been under pressure since peaking in March, as investors fretted about a potential recession in the U.S. But after getting knocked down as low as $94.29 on April 11, the price of oil has been steadily rising, while making higher highs and higher lows.</p><p>That didn&#39;t change this past week, when the price of oil rose 3.3%, a week that might have been the last best chance to avoid another oil breakout. The reason: The Organization of the Petroleum Exporting Countries announced it would raise production targets to 684,000 barrels a day, up from the current 432,000. It was an acknowledgment that, given the combination of sanctions on Russia and China lifting its Covid-19 restrictions, more oil was needed to keep demand from far outstripping supply.</p><p>Still, it&#39;s probably not enough, says Helima Croft, head of global commodity strategy at RBC Capital Markets. &#34;We think that too big of a burden is probably being placed on OPEC to offset the economic damage caused by a war involving the world&#39;s commodity superstore,&#34; she explains.</p><p>It didn&#39;t help that the European Union announced a limited embargo on Russian oil while U.S. oil inventories fell by 5.07 million barrels, far more than the expected 1.35 million decline. Oil is now trading above $116 a barrel, its highest price since March. That leaves West Texas Intermediate crude, the U.S. benchmark, set up to break the 52-week high of $123.70 reached on March 8. &#34;You can&#39;t stop crude; you can only hope to contain the damage that the run to $150 will wreak on the market and the economy(s),&#34; writes Rich Ross, head of technical analysis at Evercore ISI.</p><p>Oil exploration stocks, in particular, stand to benefit. Truist analyst Neal Dingmann notes that six quarters at that level would mean some of them would have so much free cash flow that they would be able to return more than 80% of their market capitalization to shareholders via share buybacks and dividend payouts. <a href=\"https://laohu8.com/S/CPE\">Callon Petroleum</a> would be able to return 86% of its market cap, or $3.1 billion; <a href=\"https://laohu8.com/S/SBOW\">SilverBow Resources</a> could return 72%, or $620 million; $Murphy Oil <a href=\"https://laohu8.com/S/MUR\">$(MUR)$</a> could return 69%, or $4.7 billion; <a href=\"https://laohu8.com/S/OVV\">Ovintiv</a> could return 67%, or $9.8 billion; and <a href=\"https://laohu8.com/S/ROCC\">Ranger Oil</a> could return 65%, or $1.2 billion.</p><p>Dingmann is aware of the caveats to his analysis -- that high oil prices could lead to demand destruction that causes prices to fall, while the cost of drilling would probably rise. Still, as long as oil prices can rise, the case for oil stocks remains strong. He&#39;s a fan of Ranger Oil, which provided an update on its balance sheet this past week. &#34;Given our [free cash flow] estimates, we expect the company to quickly work through its current repurchase authorization and potentially increase the program, while also initiating a dividend program in third-quarter 2022 and continuing to target deals,&#34; he writes.</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>If Oil Keeps Rising, These 5 Exploration Stocks Could Benefit</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\">\nIf Oil Keeps Rising, These 5 Exploration Stocks Could Benefit\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-06-04 10:19</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Oil could be headed for $150 a barrel. That might not be good for the economy, but it would be great news for energy stocks.</p><p>Crude prices had been under pressure since peaking in March, as investors fretted about a potential recession in the U.S. But after getting knocked down as low as $94.29 on April 11, the price of oil has been steadily rising, while making higher highs and higher lows.</p><p>That didn&#39;t change this past week, when the price of oil rose 3.3%, a week that might have been the last best chance to avoid another oil breakout. The reason: The Organization of the Petroleum Exporting Countries announced it would raise production targets to 684,000 barrels a day, up from the current 432,000. It was an acknowledgment that, given the combination of sanctions on Russia and China lifting its Covid-19 restrictions, more oil was needed to keep demand from far outstripping supply.</p><p>Still, it&#39;s probably not enough, says Helima Croft, head of global commodity strategy at RBC Capital Markets. &#34;We think that too big of a burden is probably being placed on OPEC to offset the economic damage caused by a war involving the world&#39;s commodity superstore,&#34; she explains.</p><p>It didn&#39;t help that the European Union announced a limited embargo on Russian oil while U.S. oil inventories fell by 5.07 million barrels, far more than the expected 1.35 million decline. Oil is now trading above $116 a barrel, its highest price since March. That leaves West Texas Intermediate crude, the U.S. benchmark, set up to break the 52-week high of $123.70 reached on March 8. &#34;You can&#39;t stop crude; you can only hope to contain the damage that the run to $150 will wreak on the market and the economy(s),&#34; writes Rich Ross, head of technical analysis at Evercore ISI.</p><p>Oil exploration stocks, in particular, stand to benefit. Truist analyst Neal Dingmann notes that six quarters at that level would mean some of them would have so much free cash flow that they would be able to return more than 80% of their market capitalization to shareholders via share buybacks and dividend payouts. <a href=\"https://laohu8.com/S/CPE\">Callon Petroleum</a> would be able to return 86% of its market cap, or $3.1 billion; <a href=\"https://laohu8.com/S/SBOW\">SilverBow Resources</a> could return 72%, or $620 million; $Murphy Oil <a href=\"https://laohu8.com/S/MUR\">$(MUR)$</a> could return 69%, or $4.7 billion; <a href=\"https://laohu8.com/S/OVV\">Ovintiv</a> could return 67%, or $9.8 billion; and <a href=\"https://laohu8.com/S/ROCC\">Ranger Oil</a> could return 65%, or $1.2 billion.</p><p>Dingmann is aware of the caveats to his analysis -- that high oil prices could lead to demand destruction that causes prices to fall, while the cost of drilling would probably rise. Still, as long as oil prices can rise, the case for oil stocks remains strong. He&#39;s a fan of Ranger Oil, which provided an update on its balance sheet this past week. &#34;Given our [free cash flow] estimates, we expect the company to quickly work through its current repurchase authorization and potentially increase the program, while also initiating a dividend program in third-quarter 2022 and continuing to target deals,&#34; he writes.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SBOW":"SilverBow Resources Inc","MUR":"墨菲石油","CPE":"卡隆石油","OVV":"Ovintiv Inc.","ROCC":"Ranger Oil Corporation"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2240200693","content_text":"Oil could be headed for $150 a barrel. That might not be good for the economy, but it would be great news for energy stocks.Crude prices had been under pressure since peaking in March, as investors fretted about a potential recession in the U.S. But after getting knocked down as low as $94.29 on April 11, the price of oil has been steadily rising, while making higher highs and higher lows.That didn't change this past week, when the price of oil rose 3.3%, a week that might have been the last best chance to avoid another oil breakout. The reason: The Organization of the Petroleum Exporting Countries announced it would raise production targets to 684,000 barrels a day, up from the current 432,000. It was an acknowledgment that, given the combination of sanctions on Russia and China lifting its Covid-19 restrictions, more oil was needed to keep demand from far outstripping supply.Still, it's probably not enough, says Helima Croft, head of global commodity strategy at RBC Capital Markets. \"We think that too big of a burden is probably being placed on OPEC to offset the economic damage caused by a war involving the world's commodity superstore,\" she explains.It didn't help that the European Union announced a limited embargo on Russian oil while U.S. oil inventories fell by 5.07 million barrels, far more than the expected 1.35 million decline. Oil is now trading above $116 a barrel, its highest price since March. That leaves West Texas Intermediate crude, the U.S. benchmark, set up to break the 52-week high of $123.70 reached on March 8. \"You can't stop crude; you can only hope to contain the damage that the run to $150 will wreak on the market and the economy(s),\" writes Rich Ross, head of technical analysis at Evercore ISI.Oil exploration stocks, in particular, stand to benefit. Truist analyst Neal Dingmann notes that six quarters at that level would mean some of them would have so much free cash flow that they would be able to return more than 80% of their market capitalization to shareholders via share buybacks and dividend payouts. Callon Petroleum would be able to return 86% of its market cap, or $3.1 billion; SilverBow Resources could return 72%, or $620 million; $Murphy Oil $(MUR)$ could return 69%, or $4.7 billion; Ovintiv could return 67%, or $9.8 billion; and Ranger Oil could return 65%, or $1.2 billion.Dingmann is aware of the caveats to his analysis -- that high oil prices could lead to demand destruction that causes prices to fall, while the cost of drilling would probably rise. Still, as long as oil prices can rise, the case for oil stocks remains strong. He's a fan of Ranger Oil, which provided an update on its balance sheet this past week. \"Given our [free cash flow] estimates, we expect the company to quickly work through its current repurchase authorization and potentially increase the program, while also initiating a dividend program in third-quarter 2022 and continuing to target deals,\" he writes.","news_type":1,"symbols_score_info":{"CPE":0.9,"SBOW":0.9,"MUR":0.9,"ROCC":0.9,"OVV":0.9}},"isVote":1,"tweetType":1,"viewCount":3447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9066006736,"gmtCreate":1651813954225,"gmtModify":1676534976854,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"OK like pls","listText":"OK like pls","text":"OK like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9066006736","repostId":"2233825260","repostType":4,"repost":{"id":"2233825260","kind":"highlight","pubTimestamp":1651808537,"share":"https://ttm.financial/m/news/2233825260?lang=en_US&edition=fundamental","pubTime":"2022-05-06 11:42","market":"us","language":"en","title":"Is Nikola Stock Finally Ready to Drive Higher?","url":"https://stock-news.laohu8.com/highlight/detail?id=2233825260","media":"Motley Fool","summary":"The company is restoring credibility as it ships its first commercial electric semi trucks.","content":"<div>\n<p>Electric semi truck maker Nikola  has had a troubled young life after its former founder and chairman was forced to resign and subsequently charged with investor fraud. But Trevor Milton has been out ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/05/05/is-nikola-stock-finally-ready-to-drive-higher/\">Source 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>Is Nikola Stock Finally Ready to Drive Higher?</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\">\nIs Nikola Stock Finally Ready to Drive Higher?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-06 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/05/05/is-nikola-stock-finally-ready-to-drive-higher/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Electric semi truck maker Nikola  has had a troubled young life after its former founder and chairman was forced to resign and subsequently charged with investor fraud. But Trevor Milton has been out ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/05/05/is-nikola-stock-finally-ready-to-drive-higher/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4562":"SPAC上市公司","BK4551":"寇图资本持仓","BK4555":"新能源车","BK4149":"建筑机械与重型卡车"},"source_url":"https://www.fool.com/investing/2022/05/05/is-nikola-stock-finally-ready-to-drive-higher/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2233825260","content_text":"Electric semi truck maker Nikola  has had a troubled young life after its former founder and chairman was forced to resign and subsequently charged with investor fraud. But Trevor Milton has been out of the company for more than a year-and-a-half now, and Nikola is making progress to reset its reputation with investors.Investors lost respect and hope for the company after Milton made claims about the company and its technology that weren't factual at the time. But Nikola kept working toward its goals under new management, and the first-quarter report released today shows the fruits of that labor. Investors are giving the results a thumbs-up, too.But management, and the stock, still have a long way to go. Nikola shares have dropped 72% since Milton's resignation in September 2020. Today's update, however, could be a catalyst to get the stock back onto a better path.Even in the face of supply chain constraints that are affecting many automakers, Nikola maintained its guidance to have 300 to 500 battery electric vehicles (BEVs) produced and shipped in 2022. That would represent meaningful revenue of $90 million to $150 million.Just as importantly, the company has its initial hydrogen fuel cell electric vehicle (FCEV) being pilot-tested by customers, and plans to have a batch of six produced and ready for the next phase of beta testing by the end of the third quarter of 2022. After validation of the beta fleet, Nikola expects to begin commercial production in the second half of next year.As that progresses, Nikola is also working with others to build out hydrogen infrastructure including dispensing stations and production hubs. If its progress with the FCEV stays on track and BEV customers continue to order new vehicles, today could be just the start of Nikola stock beginning to reverse its months-long slide.","news_type":1,"symbols_score_info":{"NKLA":1}},"isVote":1,"tweetType":1,"viewCount":3686,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095781078,"gmtCreate":1644991971234,"gmtModify":1676533984416,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"OK like pls","listText":"OK like pls","text":"OK like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095781078","repostId":"2211515766","repostType":4,"isVote":1,"tweetType":1,"viewCount":1657,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095783440,"gmtCreate":1644991961403,"gmtModify":1676533984407,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"OK like pls","listText":"OK like pls","text":"OK like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095783440","repostId":"2211563955","repostType":4,"repost":{"id":"2211563955","kind":"highlight","pubTimestamp":1644969658,"share":"https://ttm.financial/m/news/2211563955?lang=en_US&edition=fundamental","pubTime":"2022-02-16 08:00","market":"us","language":"en","title":"3 Growth Stocks Down 20% to 77% to Buy Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2211563955","media":"Motley Fool","summary":"Low prices could be a value trap, but these definitely spell opportunity.","content":"<div>\n<p>It hasn't been a great year so far for growth stocks. After massive valuation spikes and general macroeconomic upheaval, investors have been shifting their money into value stocks. That's leaving many...</p>\n\n<a href=\"https://www.fool.com/investing/2022/02/15/3-growth-stocks-down-20-to-77-to-buy-now/\">Source 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>3 Growth Stocks Down 20% to 77% to Buy Now</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\">\n3 Growth Stocks Down 20% to 77% to Buy Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-16 08:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/02/15/3-growth-stocks-down-20-to-77-to-buy-now/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It hasn't been a great year so far for growth stocks. After massive valuation spikes and general macroeconomic upheaval, investors have been shifting their money into value stocks. That's leaving many...</p>\n\n<a href=\"https://www.fool.com/investing/2022/02/15/3-growth-stocks-down-20-to-77-to-buy-now/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4527":"明星科技股","BK4077":"互动媒体与服务","DIS":"迪士尼","BK4551":"寇图资本持仓","BK4566":"资本集团","FUBO":"fuboTV Inc.","BK4561":"索罗斯持仓","BK4108":"电影和娱乐","BK4532":"文艺复兴科技持仓","BK4550":"红杉资本持仓","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","BK4524":"宅经济概念","BK4548":"巴美列捷福持仓","NFLX":"奈飞","BK4554":"元宇宙及AR概念"},"source_url":"https://www.fool.com/investing/2022/02/15/3-growth-stocks-down-20-to-77-to-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2211563955","content_text":"It hasn't been a great year so far for growth stocks. After massive valuation spikes and general macroeconomic upheaval, investors have been shifting their money into value stocks. That's leaving many excellent stocks on the table, withering in value even as they manage effective businesses and offer high potential for reward.The tide will turn at some point, and that spells opportunity for forward-thinking investors. If you focus on the long term, you'll find great investing options that offer a low entry point, making the potential for gains even greater. We asked three Motley Fool contributors for their top choices, and Walt Disney (NYSE:DIS), fuboTV (NYSE:FUBO), and Netflix (NASDAQ:NFLX) made the cut. They're all down over the past year,  and smart investors will take the chance to buy on the dip.Disney: Down 20% over one yearJennifer Saibil (Disney): Disney's business has been ping-ponging back and forth since the pandemic started, a big departure from its more typical solid performance as the biggest entertainment company in the world. When parks were closed, Disney+ carried the company through, then parks rebounded and streaming slowed down. In the latest numbers, the 2022 fiscal first quarter (ended Jan. 1) demonstrated good news all around, and this might just be the end of the tunnel for investors.In the 2021 fourth quarter, investors were disappointed in the light subscriber additions for Disney+. At the time, management wasn't worried, and reassured investors that it was on track for subscriber additions over time, although each quarter wouldn't be symmetrical. Disney regained investor confidence when that became true in the first quarter, and Disney+ added 11.7 million more subscribers than last quarter.But that's just the beginning of Disney's amazing performance in the first quarter. It posted record total revenue of $21.8 billion, a 34% year-over-year increase. Earnings per share (EPS) from continuing operations came in at $0.63, up from $0.02 last year. EPS (excluding certain items) of $1.06 was up from $0.32 last year and beat average analyst expectations of $0.74.\"This marks the final year of The Walt Disney Company's first century, and performance like this coupled with our unmatched collection of assets and platforms, creative capabilities, and unique place in the culture give me great confidence we will continue to define entertainment for the next 100 years,\" CEO Bob Chapek said.  With its unmatched content creation machines, parks, products, and more, investors should expect that as well.Disney's price did rise on the beat, but it's still down over the past year, giving you the opportunity to get shares of this entertainment giant for a great price.fuboTV: Down 77% over one yearParkev Tatevosian (fuboTV): fuboTV is a sports-centric streaming alternative to live TV. The company benefits from the trend of consumers preferring to stream their content. That tailwind is unlikely to reverse as streaming offers convenience and, most of the time, lower costs. Not to mention folks can enjoy a streaming live TV service anywhere they get an internet connection with a mobile device, a feature not possible with a cable TV connection.fuboTV's revenue is snowballing. Indeed, in its most recently reported quarter, ended Sept. 30, 2021, fuboTV's revenue increased by 156% from the same quarter in the year before. It grew subscribers by 108% in that same time. In January, the company announced preliminary results for its fourth quarter, and again delivered robust growth in revenue and subscriber figures. Interestingly, fuboTV is not the only streaming alternative to live TV, but it outperforms its competitors. According to Nielsen, from the third quarter of 2020 to Q3 2021, when fuboTV grew subscribers by 108%, the rest of its industry grew by just 34%.The results highlight that consumers gravitate toward fuboTV's sports-centric option, which makes sense. One of the primary reasons folks stick with live TV services is sports. So far, that's an excellent sign for fuboTV and its shareholders. And with an estimated 73 million households still on traditional pay-TV subscriptions in the U.S., fuboTV has plenty of runway for growth.That's all well and good, but why is the stock down 77% in the past year? To put it simply, it costs more for fuboTV to serve its subscribers than it gets back in revenue. The company lost $106 million on the bottom line in Q3 on $156.7 million in revenue. As you might imagine, that business model is not sustainable, and something needs to change. Either fuboTV needs to charge more for its service, which could slow subscriber growth, or it needs to lower its expenses. Investors who take a chance on management's ability to figure this out stand to reap significant gains.Netflix: Down 29% over one yearJohn Ballard (Netflix): Netflix shares are 42% off recent highs, which presents a rare opportunity to buy this leading streamer on sale. Investors can blame slowing subscriber growth, which came in at 8.9% year over year in the fourth quarter. That is down from the 20%-plus rates we saw through 2020. But as sometimes happens, the market is taking an ultra-short-term view on this disruptive entertainment platform.Global broadband and smart TV penetration are still growing around the world. But investors are underestimating how far into the future Netflix can add new subscribers. One analyst estimates that Netflix can hit 500 million subscribers by 2030, which would still be a small fraction of the global internet population of more than 5 billion.Management's strategy to continue investing in content while guiding the business toward positive free cash flow beyond 2022 should drive shareholder returns. One near-term release that could change the market's mind is season four of Stranger Things coming this summer. By the time Netflix dumps more content from its delayed production schedule over the next year, Netflix stock could look very undervalued at these lows.","news_type":1,"symbols_score_info":{"DIS":1,"NFLX":0.6,"FUBO":1}},"isVote":1,"tweetType":1,"viewCount":1451,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9066002065,"gmtCreate":1651813973657,"gmtModify":1676534976932,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"OK like pls&nbsp;","listText":"OK like pls&nbsp;","text":"OK like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9066002065","repostId":"1148155323","repostType":4,"repost":{"id":"1148155323","kind":"news","pubTimestamp":1651807414,"share":"https://ttm.financial/m/news/1148155323?lang=en_US&edition=fundamental","pubTime":"2022-05-06 11:23","market":"us","language":"en","title":"2 Semiconductor Stocks Worth the 2022 Risks","url":"https://stock-news.laohu8.com/highlight/detail?id=1148155323","media":"TipRanks","summary":"The COVID-19 pandemic brought about major disruptions in the global semiconductor chip supply, and s","content":"<div>\n<p>The COVID-19 pandemic brought about major disruptions in the global semiconductor chip supply, and shows no signs of ending. This has affected the automotive and electronics sectors, along with many ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/2-semiconductor-stocks-worth-the-2022-risks/\">Source Link</a>\n\n</div>\n","source":"lsy1606183248679","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>2 Semiconductor Stocks Worth the 2022 Risks</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\">\n2 Semiconductor Stocks Worth the 2022 Risks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-06 11:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/2-semiconductor-stocks-worth-the-2022-risks/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The COVID-19 pandemic brought about major disruptions in the global semiconductor chip supply, and shows no signs of ending. This has affected the automotive and electronics sectors, along with many ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/2-semiconductor-stocks-worth-the-2022-risks/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达","SMTC":"先科电子"},"source_url":"https://www.tipranks.com/news/article/2-semiconductor-stocks-worth-the-2022-risks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148155323","content_text":"The COVID-19 pandemic brought about major disruptions in the global semiconductor chip supply, and shows no signs of ending. This has affected the automotive and electronics sectors, along with many other industries as well.The prolonged chip shortage has given rise to a new problem — a shortage of chips for machines that manufacture chips. The ongoing Russia-Ukraine war is only adding to the pain by causing shortages in the supply of other materials that are necessary for the plating and fabrication of semiconductors.Some executives in the chip-making business said that the time between the placement of an order to receipt of the equipment (also called lead time for chip delivery) went from months in the early 2020 to up to three years in some cases.This condition of the chip market also tells us that the issue will not be resolved so easily and quickly. Intel (INTC) CEO Pat Gelsinger expects the chip supply scarcity to continue until 2024 at least.GobalFoundries (GFS) CEO Tom Caulfield’s sentiments resonated with Gelsinger’s. Caulfield further said that he does not expect the balance to come soon.Semiconductor Demand is Here to StayDemand for semiconductor chips is still raging. In February, global semiconductor sales grew 26.2% year-over-year to $52.5 billion, according to the Semiconductor Industry Association.In 2021, sales activities in the chip industry crossed $500 billion for the first time, as demand for products that require chips burgeoned. This growth was recorded despite the increasing lead times for chip delivery.Moreover, Gartner expects the global semiconductor revenues to reach a record high of $676 billion in 2022, advancing 13.6% year-over-year, fueled by demand.It is safe to say that no matter what difficulties the chip industry faces, demand for semiconductor chips will never go out of fashion.Looking Beyond the ShortagesIncreasing sophistication and adoption of consumer electronics, automobiles (fuel-run manual, electric, and autonomous), industrial equipment, and communication products, are the biggest growth drivers for the semiconductor chip industry.Rapid proliferation of Artificial Intelligence, Internet of Things, and Virtual Reality across various industries are also boosting chip demand.In a fundamentally sound industry like the chip industry, investors looking for long-term gains should not fear the short- and mid-term growth obstructions. Here are two stocks that are best positioned to generate healthy returns.Nvidia (NASDAQ: NVDA)Nvidia is the pioneer of graphics processing unit (GPU), a chip that processes large amounts of data at lightning-fast speed. The company held more than 80% of the discrete GPU market share in 2021, and is also one of the leading companies in the data center market.Investment bank Cowen & Co. expects Nvidia’s revenues to reach $140 billion and earnings per share to reach $28 by 2020, driven by various factors, one of which is the metaverse.Recently, Morgan Stanley analyst Joseph Moore advised against selling Nvidia, saying that is it a “core holding” despite short-term risks.Moore is strongly optimistic on the company’s long-term prospects, and market-leading position. However, he expects a significant deceleration in the area of gaming that can affect Nvidia’s prospects in 2023.This prompted the analyst to give a Hold rating on the stock, with a price target of $217.Wall Street maintains a bullish stance on the NVDA stock, with a Strong Buy rating based on 21 Buys and six Holds. The averageNvidia price target is $331.14.Semtech Corporation (NASDAQ: SMTC)Analog and mixed signal semiconductor producer Semtech is thriving in the industrial and infrastructure markets. Solid momentum in its 5G wireless and broad-based protection platforms, as well as other technologies like the LoRa Edge device-to-Cloud geolocation platform called LoRa Edge LR1120, are constantly driving its top-line growth.Last month, Semtech introduced new features to the LoRa Edge LR1120, looking to penetrate the logistics space by addressing supply chain management challenges in the logistics industry.In April, Piper Sandler analystHarsh Kumarreiterated a Buy rating with a $95 price target on Semtech after an interview with C-suite executives of the company. Management was very positive about the company’s prospects in end-markets such as LoRa, data center, base station, and PON.Management pointed out that the U.S. and China are looking to reduce supply chain dependence on each other in order to reduce geopolitical risks.This is going to take time and keep lead times high for some years. Interestingly, as Semtech has two sources of supply, management feels that the company is better prepared than its peers to sail through this gap.Wall Street is bullish on the SMTC stock, with a Strong Buy consensus rating based on six Buys and one Sell. The averageprice target for Semtechis $87.43.ConclusionThe semiconductor industry has shown solid resilience during tumultuous times. Even as the markets have garnered big losses this year, with the technology sector being one of the largest casualties, the semiconductor industry has somewhat managed to stay afloat.This demand is expected to continue as advanced technologies emerge across industries, as semiconductors form the core of advanced technology.Thus, semiconductor stocks are most likely to keep a portfolio healthy and pay off in the long haul.","news_type":1,"symbols_score_info":{"NVDA":0.9,"SMTC":0.9}},"isVote":1,"tweetType":1,"viewCount":3073,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003461141,"gmtCreate":1641049254988,"gmtModify":1676533567859,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TENB\">$Tenable Holdings Inc.(TENB)$</a><a href=\"https://ttm.financial/S/ZS\">$Zscaler Inc.(ZS)$</a>https://www.fool.com/investing/2021/12/30/2-cybersecurity-stocks-worth-buying-in-2022/","listText":"<a href=\"https://ttm.financial/S/TENB\">$Tenable Holdings Inc.(TENB)$</a><a href=\"https://ttm.financial/S/ZS\">$Zscaler Inc.(ZS)$</a>https://www.fool.com/investing/2021/12/30/2-cybersecurity-stocks-worth-buying-in-2022/","text":"$Tenable Holdings Inc.(TENB)$$Zscaler Inc.(ZS)$https://www.fool.com/investing/2021/12/30/2-cybersecurity-stocks-worth-buying-in-2022/","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003461141","isVote":1,"tweetType":1,"viewCount":1408,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9097060226,"gmtCreate":1645268586265,"gmtModify":1676534014737,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"OK like pls","listText":"OK like pls","text":"OK like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097060226","repostId":"9092803477","repostType":1,"repost":{"id":9092803477,"gmtCreate":1644571846194,"gmtModify":1676533942360,"author":{"id":"4102729180680350","authorId":"4102729180680350","name":"Iverson_","avatar":"https://static.itradeup.com/news/ebb29722e4280698dadd2f78376ff19e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4102729180680350","idStr":"4102729180680350"},"themes":[],"title":"Twitter:Ordinary Q4 Results,but Optimistic User Guidance","htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/TWTR\">$Twitter(TWTR)$</a> released the first financial report since the new CEO took office, both advertising revenue and user growth missed expectation. It is reasonable that it should drop by 20%&nbsp;, but the market reaction is not severe. The reason may be that Meta has led the whole social sector to fall a lot, and it is expected to be fully included. The guidance given by Twitter management in the first quarter of next year is also satisfactory, so the influence lags behind slightly regardless of the financial results. Advertising missed expectation, and Apple's ATT policy has limited impact Revenue in the fourth quarter was US $1.57 billion, of which advertising revenue was US $1.41 billion, up 22% year-on-year, mainly due to continuou","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/TWTR\">$Twitter(TWTR)$</a> released the first financial report since the new CEO took office, both advertising revenue and user growth missed expectation. It is reasonable that it should drop by 20%&nbsp;, but the market reaction is not severe. The reason may be that Meta has led the whole social sector to fall a lot, and it is expected to be fully included. The guidance given by Twitter management in the first quarter of next year is also satisfactory, so the influence lags behind slightly regardless of the financial results. Advertising missed expectation, and Apple's ATT policy has limited impact Revenue in the fourth quarter was US $1.57 billion, of which advertising revenue was US $1.41 billion, up 22% year-on-year, mainly due to continuou","text":"$Twitter(TWTR)$ released the first financial report since the new CEO took office, both advertising revenue and user growth missed expectation. It is reasonable that it should drop by 20% , but the market reaction is not severe. The reason may be that Meta has led the whole social sector to fall a lot, and it is expected to be fully included. The guidance given by Twitter management in the first quarter of next year is also satisfactory, so the influence lags behind slightly regardless of the financial results. Advertising missed expectation, and Apple's ATT policy has limited impact Revenue in the fourth quarter was US $1.57 billion, of which advertising revenue was US $1.41 billion, up 22% year-on-year, mainly due to continuou","images":[{"img":"https://static.tigerbbs.com/5dd479dadb783bd473613431631534ae","width":"934","height":"440"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092803477","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1114,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9099218433,"gmtCreate":1643364654435,"gmtModify":1676533811404,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9099218433","repostId":"9004448317","repostType":1,"repost":{"id":9004448317,"gmtCreate":1642676525258,"gmtModify":1676533734534,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667667103859","idStr":"3527667667103859"},"themes":[],"title":"Join Tiger Ski Championship, Win a Bonus of Up to USD 2022","htmlText":"2022 is the Year of Tiger in Chinese lunar calendar, it’s also a special year for Tiger Brokers. To celebrate the special year, we want to invite you to join the ski game presented by Tiger Brokers specially, and it’s very easy and interesting game for users to play. Join the game and win a bonus of up to USD 2022 and limited-edition Tiger Toys Spring Festival and Winter Olympic are both on the way, open your Tiger Trade App and play the ski game with us, win golden medals as many as you can! You could have chance to try Lucky Draw when you win medals.The more medal you win, the bigger bonus you may win! Big Rewards are as follow: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/happy-new-year/#/\" target=\"_blank\">Click to Join the Game</a>","listText":"2022 is the Year of Tiger in Chinese lunar calendar, it’s also a special year for Tiger Brokers. To celebrate the special year, we want to invite you to join the ski game presented by Tiger Brokers specially, and it’s very easy and interesting game for users to play. Join the game and win a bonus of up to USD 2022 and limited-edition Tiger Toys Spring Festival and Winter Olympic are both on the way, open your Tiger Trade App and play the ski game with us, win golden medals as many as you can! You could have chance to try Lucky Draw when you win medals.The more medal you win, the bigger bonus you may win! Big Rewards are as follow: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/happy-new-year/#/\" target=\"_blank\">Click to Join the Game</a>","text":"2022 is the Year of Tiger in Chinese lunar calendar, it’s also a special year for Tiger Brokers. To celebrate the special year, we want to invite you to join the ski game presented by Tiger Brokers specially, and it’s very easy and interesting game for users to play. Join the game and win a bonus of up to USD 2022 and limited-edition Tiger Toys Spring Festival and Winter Olympic are both on the way, open your Tiger Trade App and play the ski game with us, win golden medals as many as you can! You could have chance to try Lucky Draw when you win medals.The more medal you win, the bigger bonus you may win! Big Rewards are as follow: Click to Join the Game","images":[{"img":"https://static.tigerbbs.com/a7b44fa056439fb4010fa55e163d27c3","width":"750","height":"1726"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004448317","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":857,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003690256,"gmtCreate":1640950589505,"gmtModify":1676533557828,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$</a>https://k.sina.cn/article_2533735684_9705bd0400101227x.html?from=auto&amp;ab=qiche&amp;_rewriteTime=1640950395882&amp;http=fromhttp","listText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$</a>https://k.sina.cn/article_2533735684_9705bd0400101227x.html?from=auto&amp;ab=qiche&amp;_rewriteTime=1640950395882&amp;http=fromhttp","text":"$NIO Inc.(NIO)$https://k.sina.cn/article_2533735684_9705bd0400101227x.html?from=auto&ab=qiche&_rewriteTime=1640950395882&http=fromhttp","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003690256","isVote":1,"tweetType":1,"viewCount":1702,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9044660180,"gmtCreate":1656745766140,"gmtModify":1676535888908,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"OK like pls&nbsp;","listText":"OK like pls&nbsp;","text":"OK like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9044660180","repostId":"2248969823","repostType":2,"repost":{"id":"2248969823","kind":"news","pubTimestamp":1656725211,"share":"https://ttm.financial/m/news/2248969823?lang=en_US&edition=fundamental","pubTime":"2022-07-02 09:26","market":"hk","language":"zh","title":"Li Xiaojia recalls the past of the Hong Kong Stock Exchange: a napkin writes down the stock interconnection plan","url":"https://stock-news.laohu8.com/highlight/detail?id=2248969823","media":"中国金融四十人...","summary":"港交所前行政总裁李小加表示，当今的香港应该帮助内地居民实现全球资产配置，帮助中外投资者离岸管理在岸投资风险，逐步帮助中国实现商品和货币的国际定价。2010年~2020年，李小加执掌港交所11年，正是香","content":"<p><html><head></head><body>Li Xiaojia, former CEO of HKEx, said that today's Hong Kong should help mainland residents realize global asset allocation, help Chinese and foreign investors manage onshore investment risks offshore, and gradually help China realize international pricing of commodities and currencies. From 2010 to 2020, Li Xiaojia was in charge of the Hong Kong Stock Exchange for 11 years, which is the highlight of the 25-year chapter of the Hong Kong Special Administrative Region.</p><p>As one of the most important financial infrastructures, HKEx is the most vivid embodiment of the integration of Hong Kong and the mainland's financial markets. It highlights Hong Kong's internationalization and legalization, and demonstrates Hong Kong's pragmatic and innovative urban spirit. On the occasion of the 25th anniversary of the establishment of the Hong Kong Special Administrative Region, Li Xiaojia, former chief executive of the Hong Kong Stock Exchange and founder of Drip Irrigation, was interviewed to detail the past of Hong Kong.</p><p><img src=\"https://static.tigerbbs.com/a9313f33385fa7f04ff3718108ba777d\" tg-width=\"720\" tg-height=\"449\" referrerpolicy=\"no-referrer\"/></p><p>In Li Xiaojia's eyes, Hong Kong is a Chinese market operating in accordance with international rules, and openness and tolerance are one of the core spirits of this city. He believes that young people should open their minds and work with people all over the world to create the future of Hong Kong and realize their own life value.</p><p>Li Xiaojia believes that today's Hong Kong should play triple roles: first, helping mainland residents realize global asset allocation; The second is to help Chinese and foreign investors manage onshore investment risks offshore; The third is to gradually help China realize the international pricing of commodities and currencies. Hong Kong has been working hard in these three areas in the past, and will make greater progress in the future.</p><p>Stock interconnection:</p><p>Write down the plan on a napkin</p><p>Q: In your collection of essays, you mentioned that Hong Kong should do three things. The first one is to help mainland residents achieve global allocation. The Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect opened in recent years can be attributed to efforts in this direction. Looking back at history, what was the biggest difficulty encountered by Shanghai-Hong Kong Stock Connect at that time?</p><p>Li Xiaojia: After 2000, financial practitioners in both places are looking forward to opening up the markets of the two places. This is a dream of our generation of financial people. Since 2012, the Hong Kong Stock Exchange has begun to work in this direction. At that time, market participants, regulators and exchanges reached a consensus to some extent: mainland investors needed to invest in overseas markets, while international investors needed to invest in the mainland. But how to implement it systematically and in a risk-controllable way? There is no blueprint for this.</p><p>Not only that, there seems to be a pair of contradictions here. On the one hand, to achieve the above goals, we must take the road of marketization, and we can't set too many restrictions on transactions, otherwise the connection between the two places will become a display; On the other hand, China's capital account has not been fully liberalized, and neither have the exchange rate and interest rate. This kind of Unicom needs to avoid frequent capital inflows and outflows caused by cross-border capital flows. This was the core problem faced by Shanghai-Hong Kong Stock Connect at that time.</p><p>How to solve this contradiction? After a long period of hard thinking, we and Gui Minjie, then chairman of the Shanghai Stock Exchange, finally found a way. In my impression, Gui Minjie and I were discussing how to solve this contradiction in a small teahouse in Shenzhen, and finally wrote down the plan on a napkin.</p><p>Since we all believe that transactions must be market-oriented, otherwise the price discovery function of the market cannot be fully realized, and we all believe that funds cannot go in and out disorderly, can we separate transactions from clearing? How exactly is it done? It is net liquidation.</p><p>Net liquidation is not a new thing, and many investment banks and stockbrokers have adopted it. For example, if you are a customer of investment bank X and he is a customer of investment bank Y, the transactions between you will be cleared through the clearing house; If both of you are X's clients, then X may calculate the net amount of your transaction first, and then clear it with the clearing house. However, this kind of netting was not widely used before. We think Shanghai-Hong Kong Stock Connect is very suitable for adopting such a clearing mode.</p><p>Mainland customers buy and sell Hong Kong stocks through Shanghai-Hong Kong Stock Connect every day, but they do not directly and<a href=\"https://laohu8.com/S/00388\">HKEX</a>Settlement, but through China Clearing on behalf of all customers who use Hong Kong Stock Connect, it will uniformly settle with the Hong Kong Stock Exchange. Similarly, international investors who buy and sell A shares through Shanghai Stock Connect do not settle directly with Shanghai Stock Exchange, but the Hong Kong Stock Exchange settles with Shanghai Stock Exchange on behalf of all international investors who buy and sell A shares through Shanghai Stock Connect.</p><p>For example, it is somewhat similar to the general manager of Shanghai Stock Exchange and the president of Hong Kong Stock Exchange exchanging securities and cash for customers on both sides of Shenzhen Bridge after the close of trading every day, thus avoiding the frequent entry and exit of funds.</p><p>In hindsight, this seemed natural, but until we thought of this solution, we were at a loss. Today, when you inquire about shareholding data, you often see the words \"Hong Kong Securities Clearing Center\". This means that the Hong Kong Stock Exchange holds A shares through Shanghai Stock Connect and Shenzhen Stock Connect on behalf of many international investors.</p><p>Unfortunately, the \"napkin of history\" can't be found. If we can find it, we hope to use it as a souvenir.</p><p>Q: Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect have been running for a long time. What do you think is the biggest impact of the stock interconnection mechanism on A-shares and Hong Kong stocks?</p><p>Li Xiaojia: I think the most important influence is the collision of investment ideas between the two sides. For example, the stock interconnection mechanism is a bit like the estuary of the Yangtze River and the estuary of the East China Sea, which intersect with each other. Fish in the intersection of sea water and fresh water usually have special skills: they can survive in both fresh water and salt water, and have stronger vitality.</p><p>With the stock interconnection mechanism, mainland funds can more and more be in line with international rules and international development, and international investors can more and more understand the Chinese market and get a share of the development of the world's second largest economy.</p><p>The overseas market is a very diverse market, with money from the United States, Europe, Japan and other countries participating, just like the sea. At present, the mainland market is relatively close to fresh water, which is relatively homogeneous water. But as a big economy, China's market will eventually go global, and the world will also go into China. Stock connectivity is a small step in this megatrend.</p><p>Launch of offshore A-share stock index futures:</p><p>After waiting for 16 years, it finally achieved positive results</p><p>Q: The second thing you mentioned that Hong Kong should do is to provide Chinese and foreign investors with tools to manage onshore risks offshore. Now the Hong Kong Stock Exchange also has offshore A-share stock index futures. Why launch A-share stock index futures offshore?</p><p>Li Xiaojia: Through the stock interconnection mechanism, international investors can enter China's spot market on a relatively large scale. Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect are related to spot trading. Along with spot trading, futures are generally needed for risk control and hedging. This is a natural configuration. A market is incomplete if it only has spot but no futures. Of course, futures are sometimes out of shape, but the risk of out of shape can be controlled through various methods. A market lacking futures cannot develop soundly.</p><p>A large number of international investors behind Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect need futures products to hedge risks. However, the mainland futures market itself has not yet been opened, and interconnection has not included futures. Since it cannot be done onshore, there should be futures products in the offshore market for international investors to use to manage risks.</p><p>In<a href=\"https://laohu8.com/S/S68.SI\">Singapore Exchange</a>After the launch of A-share stock index futures, the Hong Kong Stock Exchange waited for 16 years, and finally launched a new A-share stock index futures after full regulatory communication, which achieved positive results. The waiting process was very painful, but in hindsight, being a little slow wasn't necessarily a bad thing.</p><p>It should be pointed out that the market characteristics of the two places determine that the supervision of stock index futures in the two places is also different.</p><p>The A-share market in mainland China is still dominated by retail investors. In the A-share futures market, besides hedging, speculation is also very active. Although it is impossible for any futures market to eliminate speculation, the main function of the normal futures market should be to hedge risks. Of course, it also allows speculation, but speculation cannot be the main body. If this market is dominated by speculation and supplemented by hedging, then this market is not very satisfactory. Since mainland China has a retail investor structure, the supervision of the futures market will be relatively strict to protect small and medium investors. The supervision of overseas futures market is relatively loose, because most participants in overseas futures market are large investors rather than retail investors, and most participants are mature investors and do not need too much intervention. In such a market, regulators may only need to guard against big risks. These are two regulatory philosophies.</p><p>The difference between these two regulatory philosophies makes it challenging to regulate the offshore issuance of A-share stock index futures products. During the process of launching A-share stock index futures products, the Hong Kong Stock Exchange fully communicated with regulatory agencies, and finally landed.</p><p>Acquisition of London Metal Exchange:</p><p>\"Intercept and\" the United States<a href=\"https://laohu8.com/S/ICE\">Intercontinental Exchange</a></p><p>Q: The acquisition of the London Metal Exchange (LME) is a surprising one in the development history of the Hong Kong Stock Exchange. Can you share the story behind it with you? Why do you think China needs to have global commodity pricing power at this stage?</p><p>Li Xiaojia: China is the world's largest importer of commodities. In many commodity categories, China is also a big exporter. Bulk commodities have a significant impact on China's economic development. However, due to historical reasons and the fact that many commodities are not originated in China, China does not have the pricing power of commodities. If you can't set a price, it is disadvantageous to always be the receiver of the price but not the maker. China is a rising star in the global capital market. Before entering the market, many people's poker games have already been set up. In most cases, China can only do according to the existing rules, but we need to have the ability to influence the pricing rules.</p><p>The best thing to do is to buy a commodity exchange, and this idea has always been in our minds. However, after such a long period of merger of commodity exchanges, the global exchanges are now concentrated in the hands of a few giants, and it is difficult to sell.</p><p>We were looking for a commodity exchange subject to acquire until we discovered the London Metal Exchange. It is a rare independent exchange with global influence in non-ferrous metals, but it does not belong to any giant. It was a membership system at that time, and the membership system actually gave external organizations the opportunity to acquire.</p><p>We had a strong competitor at that time, and the Intercontinental Exchange (ICE) in the United States had been eyeing the fat meat of the LME early, because the LME could help it make up for its shortcomings.</p><p>ICE gave an invitation to acquire at that time, and LME members were a little excited. When we heard the news, we thought about \"intercepting peace\". It's not easy, but we know very well in our hearts that we must take it down.</p><p>ICE underestimates the enemy and thinks that we probably won't buy it, because the Hong Kong Stock Exchange has never done commodity exchange business, and they think we are not good at commodity exchanges. I was very firm at that time. I said to the boss of ICE, \"Let's stop arguing. I will always pay a dollar more than you. Because this thing is in our hands, it is more valuable than anyone else's hands. I believe there is always a price that may be too expensive for you, but for us, nothing is expensive, as long as you can buy it, because China is so big and non-ferrous metals are so important.\"</p><p>Looking back, that was a great opportunity. Besides, there have been no exchanges to acquire in the past decade. Exchanges are an extremely rare infrastructure in the world. If you buy one, you will lose one. Therefore, if you can catch one, you will count one. Looking back now, the acquisition of LME is not only of strategic significance, but also a relatively successful commercial organization.</p><p>Reform the listing rules of HKEx:</p><p>Companies that do not make a profit can also go public and trade</p><p>Q: At present, the Hong Kong market has become the priority choice for global biotechnology companies to go public, which is inseparable from the reform of the listing rules of the Hong Kong Stock Exchange that year. Looking back, what do you think of this reform?</p><p>Li Xiaojia: Looking back, I will feel that everything is inevitable, but when I did it at that time, I faced many difficulties and opposed voices, but they also had their reasons. Exchanges always have to weigh between protecting small and medium-sized investors and innovation, but it is not so easy to tell clearly what is to protect investors. Protecting investors to extremes is not letting him do anything so he has nothing to lose, but this is ridiculous. If you stick to a rut and don't move forward in order to protect investors, this will not work.</p><p>Watching<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>It is very uncomfortable for us to leave such an enterprise. For exchanges, it is not terrible to miss a company, but it is unacceptable for us to miss a whole trend of the times. After repeated discussions and a little breakthrough, we finally completed the reform of the listing rules.</p><p>When it comes to biotechnology companies, they are too important to China. China is so big that the aging population is happening. If our life science research cannot be rapidly improved, life science and drug development will always rely on others, which may not work. For example, the business logic of overseas innovative drug companies is to develop innovative drugs that are effective for a widespread disease, and then sell them at high prices to achieve corporate profitability. But the drugs we need may not be one or two, but a large number, and the price cannot be very expensive. Therefore, we hope that enough companies will invest in life science research. This requires sufficient returns for research, and don't force our life scientists to go to western countries to achieve commercialization.</p><p>After clarifying this truth, we need to communicate and let everyone understand that unprofitable companies can also be listed and traded. For example, innovative drug companies cannot have income before the drug is approved.<a href=\"https://laohu8.com/S/600056\">China Pharmaceutical</a>After the reform is accelerated, we are more transparent about clinical approval while speeding up, and the approval of new drugs is quite strict. So, can we judge the profit potential of a company based on its position in the approval of new drugs? This is like saying that teenagers usually go to college when they reach the age of 18, but if they don't go to college, they go to the soldier. The latter itself is also strictly trained. Although he can't hand over a schoolwork report card to you after being a soldier, he has also gone through experience and become more mature.</p><p>At the beginning, we had the attitude of giving it a try. Now, Hong Kong has become the second largest biotechnology listed market in the world.</p><p>Q: Did you have any expectations for the first batch of listed companies? What if all the first businesses fail?</p><p>Li Xiaojia: At that time, some people also suggested that the first batch of queuing enterprises should be \"checked\" to a certain extent, so that the good ones should go first, and the first batch should not be made into chicken feathers.</p><p>But I don't think it's feasible because I don't think I know which is better. Maybe some experts tell me which one is good and which one is bad, but are these expert opinions necessarily reliable? Their opinions are not necessarily the same, and is there a conflict of interest behind them? I don't know either. If we think we understand well and make a judgment on who will go first and who will go later, this is a signal to the market: it must be good for the Hong Kong Stock Exchange to let go first. As long as the market initially feels that the Hong Kong Stock Exchange is in charge of this matter, everyone will stare at the hand of the Hong Kong Stock Exchange, and then this matter will go bad. There have been such problems in other markets.</p><p>Finally, the Hong Kong Stock Exchange will do it in a completely market-oriented and transparent way. We have explained the listing standards very clearly, and objectively meet the standards. Whoever is willing to go first will go first. If it succeeds in the future, it will succeed, and if it fails, it will fail. But if a shaped hand controls behind the back, and finally the market becomes a chicken feather, then everyone's trust in the market will disappear.</p><p>We also took a lot of risks at the time. There may be investors who fail to place two or three orders, which is something we can't do. This market in Hong Kong should be highly market-oriented. As a regulator, you can control fraud and information disclosure, but you don't decide who wins and who loses in the market.</p><p>Hong Kong's competitiveness:</p><p>To only regard Hong Kong as a bridge is to underestimate Hong Kong</p><p>Q: Hong Kong is a bridge connecting China and the world, and it is also an international financial center. What do you think of these two identities of Hong Kong?</p><p>Li Xiaojia: Hong Kong itself is a destination market, not just a bridge between the departure place and the arrival place. To just treat Hong Kong as a bridge is to underestimate Hong Kong.</p><p>Hong Kong's stock market is already globally competitive, but an international stock market alone is not enough. A true international financial center also needs the bond market, money market, gold market, commodity market, and data market and virtual asset market in the future. Backed by China, a huge economy, Hong Kong is duty-bound to develop these markets in the future. Although Hong Kong is a latecomer in these aspects, now, with the help of technology, we may also innovate methods and find the advantage of latecomer. Hong Kong has a lot to do in this respect.</p><p>Two key words in the Hong Kong market:</p><p>International rules + Chinese market</p><p>Q: Having worked and lived in Hong Kong for many years, what do you think is the greatest charm of Hong Kong?</p><p>Li Xiaojia: Hong Kong has an identity that cannot be deprived: it is the largest Chinese market in the world that operates in full accordance with international rules. There are two keys here: international rules and the Chinese market.</p><p>Hong Kong will always be a Chinese market and a market related to China. Everyone came to Hong Kong because China is the second largest economy in the world, and this economy will only get stronger and bigger. There may be many challenges, certain detours, or short-term ups and downs, but no one can stop China's development. At the same time, Hong Kong is not China's local market. It operates according to international rules, which distinguishes Hong Kong from cities such as Beijing and Shanghai.</p><p>If we recognize this core feature of Hong Kong, we must cherish the international rules, international atmosphere and international characteristics of the Hong Kong market. Hong Kong's Chinese characteristics cannot be deprived, and it exists in its genes; Its international characteristics are learned in history, which is commendable.</p><p>In this regard, I am very confident. Mainland regulators will not want to turn Hong Kong into another mainland Chinese market. There are already many markets in mainland China, and there is no need to have one more, but this is the only one that is completely international. It is very important to maintain Hong Kong's high degree of internationalization. Therefore, at present, it is more important to maintain its international rules and characteristics of the international market. As long as global investors are interested in China, if they choose not to enter the mainland market directly, Hong Kong is their starting point and may also become their destination. Maintaining an international positioning is the foundation for the long-term prosperity and stability of the Hong Kong market.</p><p>Message to young people in Hong Kong:</p><p>Create Hong Kong's future with people all over the world</p><p>Q: Standing at the present moment, what do you want to say to young people in Hong Kong?</p><p>Li Xiaojia: Young people should get rid of the thinking of \"zero-sum game\". Don't think that people from the mainland and other countries compete with local young people in Hong Kong, and there will be fewer opportunities. Openness and tolerance are one of the core spirits of Hong Kong. Only by bringing together talents from all over the world can Hong Kong innovate in full collision.</p><p>Hong Kong has no natural resource endowment. In the past, Hong Kong won by the rule of law, various market mechanisms, and the integration of Chinese and Western cultures. Today, Hong Kong should continue to carry forward these advantages, welcome opportunities, talents and resources from all over the world with an open and inclusive mind, and work with people all over the world to create Hong Kong's future and realize its own life value.</p><p>At the same time, young people in Hong Kong can also go global, study in the mainland and other countries and broaden their horizons. It is a win-win situation for everyone to make the \"cake\" bigger together, and it is also the only way for Hong Kong to prosper.</p><p></body></html></p>","source":"CHINAFINANCE40FORUM","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>Li Xiaojia recalls the past of the Hong Kong Stock Exchange: a napkin writes down the stock interconnection plan</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nLi Xiaojia recalls the past of the Hong Kong Stock Exchange: a napkin writes down the stock interconnection plan\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">中国金融四十人...</strong><span class=\"h-time small\">2022-07-02 09:26</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Li Xiaojia, former CEO of HKEx, said that today's Hong Kong should help mainland residents realize global asset allocation, help Chinese and foreign investors manage onshore investment risks offshore, and gradually help China realize international pricing of commodities and currencies. From 2010 to 2020, Li Xiaojia was in charge of the Hong Kong Stock Exchange for 11 years, which is the highlight of the 25-year chapter of the Hong Kong Special Administrative Region.</p><p>As one of the most important financial infrastructures, HKEx is the most vivid embodiment of the integration of Hong Kong and the mainland's financial markets. It highlights Hong Kong's internationalization and legalization, and demonstrates Hong Kong's pragmatic and innovative urban spirit. On the occasion of the 25th anniversary of the establishment of the Hong Kong Special Administrative Region, Li Xiaojia, former chief executive of the Hong Kong Stock Exchange and founder of Drip Irrigation, was interviewed to detail the past of Hong Kong.</p><p><img src=\"https://static.tigerbbs.com/a9313f33385fa7f04ff3718108ba777d\" tg-width=\"720\" tg-height=\"449\" referrerpolicy=\"no-referrer\"/></p><p>In Li Xiaojia's eyes, Hong Kong is a Chinese market operating in accordance with international rules, and openness and tolerance are one of the core spirits of this city. He believes that young people should open their minds and work with people all over the world to create the future of Hong Kong and realize their own life value.</p><p>Li Xiaojia believes that today's Hong Kong should play triple roles: first, helping mainland residents realize global asset allocation; The second is to help Chinese and foreign investors manage onshore investment risks offshore; The third is to gradually help China realize the international pricing of commodities and currencies. Hong Kong has been working hard in these three areas in the past, and will make greater progress in the future.</p><p>Stock interconnection:</p><p>Write down the plan on a napkin</p><p>Q: In your collection of essays, you mentioned that Hong Kong should do three things. The first one is to help mainland residents achieve global allocation. The Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect opened in recent years can be attributed to efforts in this direction. Looking back at history, what was the biggest difficulty encountered by Shanghai-Hong Kong Stock Connect at that time?</p><p>Li Xiaojia: After 2000, financial practitioners in both places are looking forward to opening up the markets of the two places. This is a dream of our generation of financial people. Since 2012, the Hong Kong Stock Exchange has begun to work in this direction. At that time, market participants, regulators and exchanges reached a consensus to some extent: mainland investors needed to invest in overseas markets, while international investors needed to invest in the mainland. But how to implement it systematically and in a risk-controllable way? There is no blueprint for this.</p><p>Not only that, there seems to be a pair of contradictions here. On the one hand, to achieve the above goals, we must take the road of marketization, and we can't set too many restrictions on transactions, otherwise the connection between the two places will become a display; On the other hand, China's capital account has not been fully liberalized, and neither have the exchange rate and interest rate. This kind of Unicom needs to avoid frequent capital inflows and outflows caused by cross-border capital flows. This was the core problem faced by Shanghai-Hong Kong Stock Connect at that time.</p><p>How to solve this contradiction? After a long period of hard thinking, we and Gui Minjie, then chairman of the Shanghai Stock Exchange, finally found a way. In my impression, Gui Minjie and I were discussing how to solve this contradiction in a small teahouse in Shenzhen, and finally wrote down the plan on a napkin.</p><p>Since we all believe that transactions must be market-oriented, otherwise the price discovery function of the market cannot be fully realized, and we all believe that funds cannot go in and out disorderly, can we separate transactions from clearing? How exactly is it done? It is net liquidation.</p><p>Net liquidation is not a new thing, and many investment banks and stockbrokers have adopted it. For example, if you are a customer of investment bank X and he is a customer of investment bank Y, the transactions between you will be cleared through the clearing house; If both of you are X's clients, then X may calculate the net amount of your transaction first, and then clear it with the clearing house. However, this kind of netting was not widely used before. We think Shanghai-Hong Kong Stock Connect is very suitable for adopting such a clearing mode.</p><p>Mainland customers buy and sell Hong Kong stocks through Shanghai-Hong Kong Stock Connect every day, but they do not directly and<a href=\"https://laohu8.com/S/00388\">HKEX</a>Settlement, but through China Clearing on behalf of all customers who use Hong Kong Stock Connect, it will uniformly settle with the Hong Kong Stock Exchange. Similarly, international investors who buy and sell A shares through Shanghai Stock Connect do not settle directly with Shanghai Stock Exchange, but the Hong Kong Stock Exchange settles with Shanghai Stock Exchange on behalf of all international investors who buy and sell A shares through Shanghai Stock Connect.</p><p>For example, it is somewhat similar to the general manager of Shanghai Stock Exchange and the president of Hong Kong Stock Exchange exchanging securities and cash for customers on both sides of Shenzhen Bridge after the close of trading every day, thus avoiding the frequent entry and exit of funds.</p><p>In hindsight, this seemed natural, but until we thought of this solution, we were at a loss. Today, when you inquire about shareholding data, you often see the words \"Hong Kong Securities Clearing Center\". This means that the Hong Kong Stock Exchange holds A shares through Shanghai Stock Connect and Shenzhen Stock Connect on behalf of many international investors.</p><p>Unfortunately, the \"napkin of history\" can't be found. If we can find it, we hope to use it as a souvenir.</p><p>Q: Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect have been running for a long time. What do you think is the biggest impact of the stock interconnection mechanism on A-shares and Hong Kong stocks?</p><p>Li Xiaojia: I think the most important influence is the collision of investment ideas between the two sides. For example, the stock interconnection mechanism is a bit like the estuary of the Yangtze River and the estuary of the East China Sea, which intersect with each other. Fish in the intersection of sea water and fresh water usually have special skills: they can survive in both fresh water and salt water, and have stronger vitality.</p><p>With the stock interconnection mechanism, mainland funds can more and more be in line with international rules and international development, and international investors can more and more understand the Chinese market and get a share of the development of the world's second largest economy.</p><p>The overseas market is a very diverse market, with money from the United States, Europe, Japan and other countries participating, just like the sea. At present, the mainland market is relatively close to fresh water, which is relatively homogeneous water. But as a big economy, China's market will eventually go global, and the world will also go into China. Stock connectivity is a small step in this megatrend.</p><p>Launch of offshore A-share stock index futures:</p><p>After waiting for 16 years, it finally achieved positive results</p><p>Q: The second thing you mentioned that Hong Kong should do is to provide Chinese and foreign investors with tools to manage onshore risks offshore. Now the Hong Kong Stock Exchange also has offshore A-share stock index futures. Why launch A-share stock index futures offshore?</p><p>Li Xiaojia: Through the stock interconnection mechanism, international investors can enter China's spot market on a relatively large scale. Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect are related to spot trading. Along with spot trading, futures are generally needed for risk control and hedging. This is a natural configuration. A market is incomplete if it only has spot but no futures. Of course, futures are sometimes out of shape, but the risk of out of shape can be controlled through various methods. A market lacking futures cannot develop soundly.</p><p>A large number of international investors behind Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect need futures products to hedge risks. However, the mainland futures market itself has not yet been opened, and interconnection has not included futures. Since it cannot be done onshore, there should be futures products in the offshore market for international investors to use to manage risks.</p><p>In<a href=\"https://laohu8.com/S/S68.SI\">Singapore Exchange</a>After the launch of A-share stock index futures, the Hong Kong Stock Exchange waited for 16 years, and finally launched a new A-share stock index futures after full regulatory communication, which achieved positive results. The waiting process was very painful, but in hindsight, being a little slow wasn't necessarily a bad thing.</p><p>It should be pointed out that the market characteristics of the two places determine that the supervision of stock index futures in the two places is also different.</p><p>The A-share market in mainland China is still dominated by retail investors. In the A-share futures market, besides hedging, speculation is also very active. Although it is impossible for any futures market to eliminate speculation, the main function of the normal futures market should be to hedge risks. Of course, it also allows speculation, but speculation cannot be the main body. If this market is dominated by speculation and supplemented by hedging, then this market is not very satisfactory. Since mainland China has a retail investor structure, the supervision of the futures market will be relatively strict to protect small and medium investors. The supervision of overseas futures market is relatively loose, because most participants in overseas futures market are large investors rather than retail investors, and most participants are mature investors and do not need too much intervention. In such a market, regulators may only need to guard against big risks. These are two regulatory philosophies.</p><p>The difference between these two regulatory philosophies makes it challenging to regulate the offshore issuance of A-share stock index futures products. During the process of launching A-share stock index futures products, the Hong Kong Stock Exchange fully communicated with regulatory agencies, and finally landed.</p><p>Acquisition of London Metal Exchange:</p><p>\"Intercept and\" the United States<a href=\"https://laohu8.com/S/ICE\">Intercontinental Exchange</a></p><p>Q: The acquisition of the London Metal Exchange (LME) is a surprising one in the development history of the Hong Kong Stock Exchange. Can you share the story behind it with you? Why do you think China needs to have global commodity pricing power at this stage?</p><p>Li Xiaojia: China is the world's largest importer of commodities. In many commodity categories, China is also a big exporter. Bulk commodities have a significant impact on China's economic development. However, due to historical reasons and the fact that many commodities are not originated in China, China does not have the pricing power of commodities. If you can't set a price, it is disadvantageous to always be the receiver of the price but not the maker. China is a rising star in the global capital market. Before entering the market, many people's poker games have already been set up. In most cases, China can only do according to the existing rules, but we need to have the ability to influence the pricing rules.</p><p>The best thing to do is to buy a commodity exchange, and this idea has always been in our minds. However, after such a long period of merger of commodity exchanges, the global exchanges are now concentrated in the hands of a few giants, and it is difficult to sell.</p><p>We were looking for a commodity exchange subject to acquire until we discovered the London Metal Exchange. It is a rare independent exchange with global influence in non-ferrous metals, but it does not belong to any giant. It was a membership system at that time, and the membership system actually gave external organizations the opportunity to acquire.</p><p>We had a strong competitor at that time, and the Intercontinental Exchange (ICE) in the United States had been eyeing the fat meat of the LME early, because the LME could help it make up for its shortcomings.</p><p>ICE gave an invitation to acquire at that time, and LME members were a little excited. When we heard the news, we thought about \"intercepting peace\". It's not easy, but we know very well in our hearts that we must take it down.</p><p>ICE underestimates the enemy and thinks that we probably won't buy it, because the Hong Kong Stock Exchange has never done commodity exchange business, and they think we are not good at commodity exchanges. I was very firm at that time. I said to the boss of ICE, \"Let's stop arguing. I will always pay a dollar more than you. Because this thing is in our hands, it is more valuable than anyone else's hands. I believe there is always a price that may be too expensive for you, but for us, nothing is expensive, as long as you can buy it, because China is so big and non-ferrous metals are so important.\"</p><p>Looking back, that was a great opportunity. Besides, there have been no exchanges to acquire in the past decade. Exchanges are an extremely rare infrastructure in the world. If you buy one, you will lose one. Therefore, if you can catch one, you will count one. Looking back now, the acquisition of LME is not only of strategic significance, but also a relatively successful commercial organization.</p><p>Reform the listing rules of HKEx:</p><p>Companies that do not make a profit can also go public and trade</p><p>Q: At present, the Hong Kong market has become the priority choice for global biotechnology companies to go public, which is inseparable from the reform of the listing rules of the Hong Kong Stock Exchange that year. Looking back, what do you think of this reform?</p><p>Li Xiaojia: Looking back, I will feel that everything is inevitable, but when I did it at that time, I faced many difficulties and opposed voices, but they also had their reasons. Exchanges always have to weigh between protecting small and medium-sized investors and innovation, but it is not so easy to tell clearly what is to protect investors. Protecting investors to extremes is not letting him do anything so he has nothing to lose, but this is ridiculous. If you stick to a rut and don't move forward in order to protect investors, this will not work.</p><p>Watching<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>It is very uncomfortable for us to leave such an enterprise. For exchanges, it is not terrible to miss a company, but it is unacceptable for us to miss a whole trend of the times. After repeated discussions and a little breakthrough, we finally completed the reform of the listing rules.</p><p>When it comes to biotechnology companies, they are too important to China. China is so big that the aging population is happening. If our life science research cannot be rapidly improved, life science and drug development will always rely on others, which may not work. For example, the business logic of overseas innovative drug companies is to develop innovative drugs that are effective for a widespread disease, and then sell them at high prices to achieve corporate profitability. But the drugs we need may not be one or two, but a large number, and the price cannot be very expensive. Therefore, we hope that enough companies will invest in life science research. This requires sufficient returns for research, and don't force our life scientists to go to western countries to achieve commercialization.</p><p>After clarifying this truth, we need to communicate and let everyone understand that unprofitable companies can also be listed and traded. For example, innovative drug companies cannot have income before the drug is approved.<a href=\"https://laohu8.com/S/600056\">China Pharmaceutical</a>After the reform is accelerated, we are more transparent about clinical approval while speeding up, and the approval of new drugs is quite strict. So, can we judge the profit potential of a company based on its position in the approval of new drugs? This is like saying that teenagers usually go to college when they reach the age of 18, but if they don't go to college, they go to the soldier. The latter itself is also strictly trained. Although he can't hand over a schoolwork report card to you after being a soldier, he has also gone through experience and become more mature.</p><p>At the beginning, we had the attitude of giving it a try. Now, Hong Kong has become the second largest biotechnology listed market in the world.</p><p>Q: Did you have any expectations for the first batch of listed companies? What if all the first businesses fail?</p><p>Li Xiaojia: At that time, some people also suggested that the first batch of queuing enterprises should be \"checked\" to a certain extent, so that the good ones should go first, and the first batch should not be made into chicken feathers.</p><p>But I don't think it's feasible because I don't think I know which is better. Maybe some experts tell me which one is good and which one is bad, but are these expert opinions necessarily reliable? Their opinions are not necessarily the same, and is there a conflict of interest behind them? I don't know either. If we think we understand well and make a judgment on who will go first and who will go later, this is a signal to the market: it must be good for the Hong Kong Stock Exchange to let go first. As long as the market initially feels that the Hong Kong Stock Exchange is in charge of this matter, everyone will stare at the hand of the Hong Kong Stock Exchange, and then this matter will go bad. There have been such problems in other markets.</p><p>Finally, the Hong Kong Stock Exchange will do it in a completely market-oriented and transparent way. We have explained the listing standards very clearly, and objectively meet the standards. Whoever is willing to go first will go first. If it succeeds in the future, it will succeed, and if it fails, it will fail. But if a shaped hand controls behind the back, and finally the market becomes a chicken feather, then everyone's trust in the market will disappear.</p><p>We also took a lot of risks at the time. There may be investors who fail to place two or three orders, which is something we can't do. This market in Hong Kong should be highly market-oriented. As a regulator, you can control fraud and information disclosure, but you don't decide who wins and who loses in the market.</p><p>Hong Kong's competitiveness:</p><p>To only regard Hong Kong as a bridge is to underestimate Hong Kong</p><p>Q: Hong Kong is a bridge connecting China and the world, and it is also an international financial center. What do you think of these two identities of Hong Kong?</p><p>Li Xiaojia: Hong Kong itself is a destination market, not just a bridge between the departure place and the arrival place. To just treat Hong Kong as a bridge is to underestimate Hong Kong.</p><p>Hong Kong's stock market is already globally competitive, but an international stock market alone is not enough. A true international financial center also needs the bond market, money market, gold market, commodity market, and data market and virtual asset market in the future. Backed by China, a huge economy, Hong Kong is duty-bound to develop these markets in the future. Although Hong Kong is a latecomer in these aspects, now, with the help of technology, we may also innovate methods and find the advantage of latecomer. Hong Kong has a lot to do in this respect.</p><p>Two key words in the Hong Kong market:</p><p>International rules + Chinese market</p><p>Q: Having worked and lived in Hong Kong for many years, what do you think is the greatest charm of Hong Kong?</p><p>Li Xiaojia: Hong Kong has an identity that cannot be deprived: it is the largest Chinese market in the world that operates in full accordance with international rules. There are two keys here: international rules and the Chinese market.</p><p>Hong Kong will always be a Chinese market and a market related to China. Everyone came to Hong Kong because China is the second largest economy in the world, and this economy will only get stronger and bigger. There may be many challenges, certain detours, or short-term ups and downs, but no one can stop China's development. At the same time, Hong Kong is not China's local market. It operates according to international rules, which distinguishes Hong Kong from cities such as Beijing and Shanghai.</p><p>If we recognize this core feature of Hong Kong, we must cherish the international rules, international atmosphere and international characteristics of the Hong Kong market. Hong Kong's Chinese characteristics cannot be deprived, and it exists in its genes; Its international characteristics are learned in history, which is commendable.</p><p>In this regard, I am very confident. Mainland regulators will not want to turn Hong Kong into another mainland Chinese market. There are already many markets in mainland China, and there is no need to have one more, but this is the only one that is completely international. It is very important to maintain Hong Kong's high degree of internationalization. Therefore, at present, it is more important to maintain its international rules and characteristics of the international market. As long as global investors are interested in China, if they choose not to enter the mainland market directly, Hong Kong is their starting point and may also become their destination. Maintaining an international positioning is the foundation for the long-term prosperity and stability of the Hong Kong market.</p><p>Message to young people in Hong Kong:</p><p>Create Hong Kong's future with people all over the world</p><p>Q: Standing at the present moment, what do you want to say to young people in Hong Kong?</p><p>Li Xiaojia: Young people should get rid of the thinking of \"zero-sum game\". Don't think that people from the mainland and other countries compete with local young people in Hong Kong, and there will be fewer opportunities. Openness and tolerance are one of the core spirits of Hong Kong. Only by bringing together talents from all over the world can Hong Kong innovate in full collision.</p><p>Hong Kong has no natural resource endowment. In the past, Hong Kong won by the rule of law, various market mechanisms, and the integration of Chinese and Western cultures. Today, Hong Kong should continue to carry forward these advantages, welcome opportunities, talents and resources from all over the world with an open and inclusive mind, and work with people all over the world to create Hong Kong's future and realize its own life value.</p><p>At the same time, young people in Hong Kong can also go global, study in the mainland and other countries and broaden their horizons. It is a win-win situation for everyone to make the \"cake\" bigger together, and it is also the only way for Hong Kong to prosper.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s?__biz=MjM5NjgyNDk4NA==&mid=2686111124&idx=1&sn=afe2babeedbbdcc19b5b6a3a168027f5&chksm=830d3f63b47ab6753a5c9b8b0d7d3c5454932044cd3f22ff46c992984cb1d9af419ed7dd8b77&scene=126&&sessionid=1656671157\">中国金融四十人...</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a9313f33385fa7f04ff3718108ba777d","relate_stocks":{"BK1131":"金融交易所和数据","00388":"香港交易所","BK1589":"北水核心资产","BK1521":"挪威政府全球养老基金持仓"},"source_url":"https://mp.weixin.qq.com/s?__biz=MjM5NjgyNDk4NA==&mid=2686111124&idx=1&sn=afe2babeedbbdcc19b5b6a3a168027f5&chksm=830d3f63b47ab6753a5c9b8b0d7d3c5454932044cd3f22ff46c992984cb1d9af419ed7dd8b77&scene=126&&sessionid=1656671157","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2248969823","content_text":"港交所前行政总裁李小加表示，当今的香港应该帮助内地居民实现全球资产配置，帮助中外投资者离岸管理在岸投资风险，逐步帮助中国实现商品和货币的国际定价。2010年~2020年，李小加执掌港交所11年，正是香港特别行政区25年华章中浓墨重彩的段落。作为最重要的金融基础设施之一，港交所是香港与内地金融市场融合最鲜明的体现，它彰显香港国际化、法制化，展现香港务实、创新的城市精神。在香港特别行政区成立25周年之际，港交所前行政总裁、滴灌通创始人李小加接受了采访，细述香港往事。在李小加眼中，香港是按照国际规则运作的中国市场，开放、包容是这座城市的核心精神之一。他认为，年轻人应该敞开胸怀，和全世界的人一起创造香港的未来，实现自己的人生价值。李小加认为，当今的香港应该扮演三重角色：第一是帮助内地居民实现全球资产配置；第二是帮助中外投资者离岸管理在岸投资风险；第三是逐步帮助中国实现商品和货币的国际定价。香港过去一直在这三个方面努力，未来会取得更大的进步。股票互联互通：在一张餐巾纸上写下方案Q：你在随笔集中谈到香港要做三件事，第一件是帮助内地居民实现全球配置，近年开通的沪港通、深港通可归于这个方向上的努力。回望历史，沪港通当时碰到的最大困难是什么？李小加：2000年以后，两地的金融从业者都期待可以打通两地市场。这是我们这一代金融人的一个梦想。从2012年开始，港交所开始往这个方向努力。当时，市场参与者、监管机构和交易所一定程度上达成共识：内地的投资者需要投资海外市场，而国际投资者需要投资内地。但怎么系统地、以风险可控的方式实现它呢？这是没有蓝图的。不仅如此，这里似乎存在一对矛盾。一方面，达成上述目标必须走市场化道路，不能对交易设太多限制，否则两地的联通就成了摆设；另一方面，中国的资本项还没有完全放开，汇率和利率也没有完全放开。这种联通又需要避免资本跨境流动带来的频繁的资金大进大出。这是沪港通当时面临的最核心的问题。怎么解决这一对矛盾呢？经过长时间的苦思冥想，我们和时任上交所理事长桂敏杰一起最终找到了一个办法。我印象中，我和桂敏杰当时在深圳的一个小茶馆里讨论怎么解决这对矛盾，最终在一张餐巾纸上写下了方案。既然我们都认为交易必须市场化，否则市场的价格发现功能不能完全实现，我们也都认为资金不能够无序地进进出出，那么，我们能不能把交易和清算分开呢？究竟是怎么做的呢？就是净量清算。净量清算并不是新事物，很多投行、股票经纪商都采用过。比如你如果是投行X的客户，他是投行Y的客户，你们之间的交易就要通过清算所清算；如果你们两人都是X的客户，那么X可能先计算你们交易的净额，再和清算所清算。只不过，这种净额清算之前不太被广泛使用。我们认为沪港通很适合采用这样一种清算模式。内地客户每天通过沪港通买卖港股，但他们不直接和香港交易所结算，而是通过中国结算代表所有使用港股通的客户来统一和港交所结算。同样的，通过沪股通通道买卖A股的国际投资者也不直接和上海证券交易所结算，而是由香港交易所代表所有通过沪股通买卖A股的国际投资者统一和上海证券交易所结算。打个比方，有点类似于每天收盘之后，上交所的总经理和港交所的总裁在深圳大桥替两边的客户交换证券和现金，这样就避免了资金频繁出入境。事后来看这似乎是自然而然，但在想到这个办法之前，我们是一筹莫展。今天大家查询持股数据经常看到“香港中央结算中心”这样的字眼。这意味着港交所代表很多国际投资者通过沪股通、深股通持有A股。很可惜，那张“历史的餐巾纸”找不着了，如果能找到的话，我们还希望能够把它当做一种纪念。Q：沪港通、深港通现在已经运行很长时间了，你认为股票互联互通机制对A股和港股最大的影响是什么？李小加：我觉得最重要的影响是两边投资理念的碰撞。打个比方，股票互联互通机制有点像长江入海口和东海入海口，相互交汇。海水和淡水相互交汇区的鱼，通常具有特殊的技能：它既可以在淡水里存活，也能在咸水里面存活，拥有更强劲的生命力。有了股票互联互通机制之后，内地资金越来越能和国际规则和国际发展接轨，国际投资者也越来越能理解中国市场，能在全球第二大经济体的发展中分得一杯羹。海外的市场是非常多元的市场，有美国、欧洲、日本等各国的钱在参与，如同大海一样。内地市场目前还比较接近淡水，它是比较同质的水。但中国作为一个大经济体，最终我们的市场会走向世界，世界也会走进中国。股票互联互通是这个大趋势的一小步。推出离岸A股股指期货：等了16年终于修成正果Q：你提到的香港要做的第二件事，就是为中外投资者在离岸提供管理在岸风险的工具，现在的港交所也有了离岸的A股股指期货。为什么要在离岸推出A股股指期货？李小加：通过股票互联互通机制，国际投资者可以比较大规模地进入中国的现货市场。沪港通和深港通关乎现货交易。伴随着现货交易，一般需要有期货进行风险管控和对冲。这是很自然的配置。一个市场如果只有现货没有期货，它是不完整的。当然，期货有的时候会走样，但走样的风险可通过各种各样的办法管控。一个缺失期货的市场，它的发展是不可能健全的。沪港通、深港通背后大量的国际投资者，需要有期货产品对冲风险，可是内地的期货市场本身还没有开放，互联互通也没有把期货包括在里边。既然在岸不能做，离岸市场就应该有期货产品让国际投资者用于管理风险。在新加坡交易所推出A股股指期货之后，港交所等了16年，终于在监管充分沟通后推出了新的A股股指期货，修成了正果。等待的过程非常痛苦，但事后来看，慢一点也不一定是坏事。需要指出的是，两地市场特点决定两地对股指期货的监管也是不同的。中国内地的A股市场还是以散户为主。A股的期货市场，对冲之外，投机行为也非常活跃。尽管任何期货市场都不可能消除投机，但正常的期货市场的主体功能应该是实现对冲风险的功能。当然，它也允许投机行为，但投机不能成为主体。如果这个市场以投机为主、对冲为辅，那么，这个市场就不是很令人满意的。由于中国内地是散户为主的投资者结构，所以，期货市场监管相对来说会比较严格，以保护中小投资者。海外期货市场的监管相对比较松，因为海外期货市场参与者绝大部分是大户不是散户，绝大多数参与者是成熟的投资者，不需要过多地干预。这样的市场，监管者可能只需要把大风险防范住就好了。这是两种监管哲学。这两种监管哲学的区别使得监管离岸发行A股股指期货产品面临挑战。港交所在推出A股股指期货产品的过程中和监管机构进行了充分沟通，最终才落地。收购伦敦金属交易所：“截和”美国洲际交易所Q：收购伦敦金属交易所（LME）是港交所发展历史中令人感到意外的一笔，能不能与大家分享一下背后的故事？为什么你觉得在这一阶段中国需要在全球拥有商品定价权？李小加：中国是世界上最大的商品进口国，在很多商品品类上，中国也是很大的出口国，大宗商品对中国经济发展的影响重大。但是，由于历史原因以及很多商品产地不在中国，中国未掌握商品的定价权。如果不能定价，永远作为价格的接受者却不是制定者，这是不利的。中国是全球资本市场的后起之秀，入场之前，很多时候人家牌局都已经摆好了。大多数情况下，中国只能按照现有的规则来做，但我们需要拥有影响定价规则的能力。最好的办法就是买一个商品交易所，这个想法一直在我们的脑子里。但是，商品交易所经过这么长时间的兼并，现在全球的交易所集中在几个巨头手中，很难卖出来。我们一直在寻找一个可以收购的商品交易所标的，直到发现伦敦金属交易所。它是很少见的在有色金属方面具有全球影响力的，但不属于任何巨头的独立交易所。它当时是会员制的，会员制实际是给了外部机构收购的机会。我们当时有一个强有力的竞争对手，美国的洲际交易所（ICE）早早就盯上了LME这块肥肉，因为LME可以帮它补齐短板。ICE当时给了一个收购的邀约，LME的会员有点心动。我们听到了消息，就想着去“截和”。这不是容易的事，但我们心里很清楚，必须夺下来。ICE有些轻敌，认为我们大概是不会买的，因为港交所没有做过商品交易所业务，他们认为我们对商品交易所不在行。我当时态度很坚定，我对ICE的老板说：“咱别争了，我永远会比你多付一块钱。因为这个东西在我们手里，比在任何其他人手上都更值钱。我相信总有一个价格可能对你来说太贵了，但对我们来说，没有贵的，只要能买到，因为中国这么大，有色金属这么重要。”回过头来看，那是一个很好的机会。除此以外，过去十年没有任何交易所可以收购。交易所是全世界极其稀有的一种基础设施，买一个少一个，所以，能抓一个算一个。现在回头看，收购LME不仅有战略意义，目前也是一个较为成功的商业机构。改革港交所上市规则：没有盈利的公司也可以上市交易Q：目前香港市场已经成为全球生物科技类企业上市的优先选择，这与当年港交所的上市规则改革分不开。回头来看，你怎么看这项改革？李小加：回头去看，会觉得一切都是必然的，但当时做的时候，面临很多困难，反对的声音很多，不过也有他们的道理。交易所永远要在保护中小投资者和创新之间权衡，但究竟怎样才是保护投资者，却不是那么容易说清的。保护投资者推到极端就是什么都不让他干，这样他就不会有任何损失，但这是荒谬的。如果为了保护投资者一味墨守成规，不往前走，这是不行的。眼看着阿里巴巴这样的企业离开，我们是很难受的。对于交易所来说，错失一家企业不可怕，但是如果错过一整个时代潮流，那是我们不能接受的。痛定思痛，经过反复讨论、一点点突破，我们最终完成了上市规则的改革。说到生物科技类企业，它们对中国太重要了。中国这么大，人口老龄化正在发生。如果我们的生命科学的研究不能迅速提升，生命科学和药物开发永远依靠别人，这可能是不行的。举例来说，海外创新药企业的商业逻辑是致力于开发对某种广泛存在的疾病有效的创新药，然后以高价销售，实现企业的盈利。但我们需要的药可能不是一个两个，而是大量的，价格不能很贵，所以，我们希望有足够多的企业投入生命科学的研究。这需要让研究有足够的回报，不要逼着我们的生命科学家最终只能去西方国家实现商业化。明确了这个道理之后，我们就需要沟通，让大家明白没有盈利的公司也是可以上市交易的。例如创新药企业，药没批之前，它是不可能有收入的。中国医药改革提速以后，我们对临床审批提速的同时也更加透明，并且新药审批是相当严格的。那么，我们能不能根据企业在新药审批中所处的位置来判断它的盈利潜力？这好比说，青少年到了18岁通常会去上大学，但如果没上大学，而是去当兵，后者本身也是严格的训练，当完兵虽然他没法给你交出一份课业成绩单，但也经过了历练，人也变得更成熟。当初我们是抱着试一试的态度，如今，香港变成了这个世界上第二大生物科技上市市场。Q：你们当初对第一批上市企业有期待吗？如果第一批企业全部失败怎么办？李小加：当时也有人建议对第一批排队企业进行一定的“把关”，让好的先上，不要第一批就做成一地鸡毛。但我认为这是不可行的，因为我不认为我知道哪个更好。或许有专家告诉我哪个好哪个不好，可这些专家意见就一定可靠吗？他们的意见不一定一致，而且背后有没有利益冲突？我也不知道。如果我们以为自己很懂，做出判断谁先上谁后上，这是给市场信号：港交所让先上的一定是好的。只要市场一开始觉得由港交所来管这个事，大家就会盯着港交所这只手，那么，这个事就变味了。其他市场出现过这样的问题。最后，港交所以完全市场化、透明化的方式来做。我们把上市标准交代得很清晰，客观上符合标准了，谁愿意先上，谁就先上，以后成功了那就成功了，失败了就失败了。但如果一只有形的手在背后控制，最后市场成为一地鸡毛，那么，大家对市场的信任会荡然无存。我们当时也承担了很大的风险。可能有投资者投两三个单都不成功，这是我们没有办法的事。香港这个市场应该是高度市场化的。一个监管者，你可以把欺诈管住，把信息披露管住，但是，你不要在市场上决定谁赢谁输。香港的竞争力：仅把香港当成桥梁是低估了香港Q：香港是连接中国和世界的桥梁，它本身也是一个国际金融中心。怎么看香港的这两重身份？李小加：香港本身就是一个目的市场，而不只是出发地和抵达地之间的桥梁。仅仅把香港当成桥梁是低估了香港。香港的股票市场已经具有全球竞争力，但是，单有国际性的股票市场还不够。真正的国际金融中心还需要债券市场、货币市场、黄金市场、大宗商品市场，未来还需要数据市场、虚拟资产市场。背靠中国这个巨大的经济体，香港责无旁贷，未来要把这些市场做起来。虽然在这些方面香港是后来者，但是，现在借助技术的力量，我们也可能创新方法，找到后发优势。香港在这方面大有可为。香港市场的两个关键词：国际规则+中国市场Q：在香港工作、生活多年，你觉得香港这座城最大的魅力在哪里？李小加：香港有一个身份是无法剥夺的：它是世界上最大的完全按照国际规则运作的中国市场。这里有两个关键：国际规则、中国市场。香港永远是一个中国市场，是和中国有关的市场。大家来到香港，就是因为中国是世界上第二大的经济体，而且这个经济体只会越来越强，越来越大，可能有很多的挑战，可能走一定的弯路，也可能有短期的上上下下，但谁也挡不住中国的发展之路。同时，香港又不是中国本土市场，它是按照国际规则运作的，这就将香港和北京、上海等城市区分开来。如果认识到香港的这个核心特点，我们就一定要珍惜香港市场的国际规则、国际氛围、国际特色。香港的中国特色是剥夺不了的，它的基因里面就存在的；它的国际特色是在历史中习得的，这是难能可贵的。对此，我非常有信心。内地监管者不会想把香港变成另外一个中国内地市场。中国内地市场已经很多了，没有必要再多一个，可是完全国际化的就差这一个。保持香港的高度国际化是非常重要的。所以，目前更重要的是保持它的国际规则和国际市场的特点。全球投资者只要对中国有兴趣，如果他们选择不直接进入到内地市场，香港是他们的出发地，也可能成为目的地。保持国际化定位是香港市场长期繁荣稳定的基础。寄语香港年轻人：和全世界的人共创香港的未来Q：站在当下时点，你想对香港的年轻人说什么？李小加：年轻人要摆脱“零和博弈”的思维，不要认为内地的人、其他国家来的人与香港本地的年轻人竞争，机会变少了。开放、包容是香港的核心精神之一。汇集四方人才，在充分的碰撞中，香港才能有创新。香港无自然资源禀赋，过去香港赢在法治，赢在各种市场机制，赢在融会贯通、中西合璧，今天香港要继续发扬这些优势，以开放、包容的心态，迎接来自全世界的机会、人才、资源，和全世界的人一起创造香港的未来，实现自己的人生价值。同时，香港的年轻人也可以走向世界，去内地、去其他国家学习一下，开阔眼界。大家一起把“蛋糕”做大，是共赢的事情，也是香港繁荣的必由之路。","news_type":1,"symbols_score_info":{"00388":1}},"isVote":1,"tweetType":1,"viewCount":2524,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9018029058,"gmtCreate":1648949815374,"gmtModify":1676534426177,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"Ook like pls","listText":"Ook like pls","text":"Ook like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9018029058","repostId":"9011554636","repostType":1,"repost":{"id":9011554636,"gmtCreate":1648890460121,"gmtModify":1676534418743,"author":{"id":"3479274819487659","authorId":"3479274819487659","name":"The Finance Hydra","avatar":"https://community-static.tradeup.com/news/a242a9be28de8ea5e320d9cee36651ca","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3479274819487659","idStr":"3479274819487659"},"themes":[],"title":"","htmlText":"\n \n \n  NIO STOCK PREDICTIONS - If NIO closes above THIS AREA it will GO UP!\n \n","listText":"NIO STOCK PREDICTIONS - If NIO closes above THIS AREA it will GO UP!","text":"NIO STOCK PREDICTIONS - If NIO closes above THIS AREA it will GO UP!","images":[{"img":"https://static.tigerbbs.com/4ab1fc450d09bf11742b0eb77ecd6a9c","width":"0","height":"0"}],"top":1,"highlighted":2,"essential":2,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011554636","isVote":1,"tweetType":2,"object":{"id":"c3f46bbfdfe5488f9f477cae9f08c04d","tweetId":"9011554636","title":"NIO STOCK PREDICTIONS - If NIO closes above THIS AREA it will GO UP!","videoUrl":"http://v.tigerbbs.com/16488904558017cc4538f23efe5d457e6821f2fc9434d.mp4","poster":"https://static.tigerbbs.com/4ab1fc450d09bf11742b0eb77ecd6a9c","shareLink":"http://v.tigerbbs.com/16488904558017cc4538f23efe5d457e6821f2fc9434d.mp4"},"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2761,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9005597085,"gmtCreate":1642341123576,"gmtModify":1676533702334,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005597085","repostId":"2203763214","repostType":2,"repost":{"id":"2203763214","kind":"highlight","pubTimestamp":1642064949,"share":"https://ttm.financial/m/news/2203763214?lang=en_US&edition=fundamental","pubTime":"2022-01-13 17:09","market":"us","language":"zh","title":"US Stock Nuggets | Will Digital Ocean become the invisible king?","url":"https://stock-news.laohu8.com/highlight/detail?id=2203763214","media":"格隆汇","summary":"小而美的云服务商，值得关注","content":"<p><html><body><span>Author | US Stock Research Institute</span></p><p><span>Data Support | Pythagorean Big Data (www.gogudata.com)</span></p><p><img src=\"https://img3.gelonghui.com/604f4-5e7c4c5d-f76c-4db4-8dd1-e3f5cb8bb5f9.png\"/></p><p><span>DigitalOcean (DOCN) was founded in 2011 in New York, USA, mainly providing cloud computing services for individuals and small and medium-sized enterprises. It was listed on Nasdaq in March 2021. As financial reports exceeded expectations one after another, the stock price experienced a round of magnificent rises, hitting new highs repeatedly.</span></p><p><span>DOCN's stock price trend since its listing</span></p><p><img src=\"https://img3.gelonghui.com/8d0ec-bc9e4f2a-c53e-49ef-baa1-9ff63a3881a2.png\"/></p><p><span>Source: Seekingalpha</span></p><p><span>But since the end of November, the Federal Reserve has turned hawkish and continued to strengthen its hawkish stance, such as accelerating taper and rate hike, and recently proposing shrinking balance sheet. In this environment of strong tightening expectations, growth stocks, especially those that have not yet been profitable, have experienced a sharp decline. The stock prices of a number of companies have been halved or even more, and DOCN has not been spared. So what will happen to DOCN's elasticity after the killing valuation stabilizes? Let's look at it fundamentally.</span></p><p><h3><span><strong><span><font color=\"#3daad6\">01Two core issues</font></span></strong></span></h3><strong><span>(1) TAM: Is the pool big enough?</span></strong></p><p><span>DOCN focuses on providing cloud computing services to individuals and SMEs (fewer than 500 employees). When it comes to cloud, maybe everyone's first reaction is<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>、<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>And<a href=\"https://laohu8.com/S/GOOG\">Google</a>The three giants then couldn't help but ask soul torture: Do small and medium-sized cloud service providers still have room to survive in front of the giants?</span></p><p><span>In fact, there is, and the market space and growth rate are not bad-according to the data of IDC, a professional research institute, the cloud service market for individuals and small and medium-sized enterprises in 21 years is about 56 billion US dollars, a year-on-year increase of 27%, and will reach 116 billion US dollars by 24 years. Compared with this high-growth large pool, the current penetration rate of DOCN is less than 1%, and the space is still very broad.</span></p><p><span>U.S. cloud computing market size growth expectations</span></p><p><img src=\"https://img3.gelonghui.com/33ab0-9c8ec3b5-fbf9-4bf5-a17d-334a47d7708f.png\"/></p><p><span>Source: Grandviewresearch</span></p><p><span>The growth expectations of other institutions are similar. For example, Grandviewresearch gave the U.S. cloud computing market a compound annual growth rate of 18.1% from 21 to 28 years. For the market segment of small and medium-sized users, what can be expected is to grow faster than the overall market-DOCN management also stated that the current needs of small and medium-sized customers have not been well served, and the cloud migration may be accelerated in the future.</span></p><p><strong><span>(2) Competitiveness: How does DOCN eat this market?</span></strong></p><p><span>In the field of cloud computing (IaaS and PaaS), the three giants such as Amazon can be said to be large, comprehensive, stable and reliable, and are the first choice of large enterprises. However, for small and medium-sized enterprises and individuals, the services and pricing provided by giants are complicated, which also gives DOCN a good opportunity to develop.</span></p><p><span>DOCN interface</span></p><p><img src=\"https://img3.gelonghui.com/daae1-427c7e29-36d4-4fa2-98b9-de7efddbe430.png\"/></p><p><span>The advantages of DOCN can be summarized into several keywords: introduction, ease of use, more timely service, transparent and easy-to-understand pricing. If friends who have used it may have a better experience, this platform is very easy to get started, while giants like AWS will be more complicated for small and medium-sized customers. In addition, in terms of service, DOCN is 24-hour customer service, so it will be better for small and medium-sized customers.</span></p><p><span>In addition to giants, DOCN actually has some competitors, but they are basically relatively small unlisted companies, such as Linode. Therefore, in the market segment of cloud services for individuals and small and medium-sized enterprises, DOCN has significant competitive advantages and strong certainty of future growth. Note: The picture below shows Morgan's survey interview with DOCN users, which shows that the only alternatives that users think are good except DOCN are the Big 3 and Linode.</span></p><p><span>\"What cloud service platform will be used besides DOCN\" survey data</span></p><p><img src=\"https://img3.gelonghui.com/b9d84-fdbf2cbf-813c-4699-9438-faeb5f0edaa5.png\"/></p><p><span>Source: JPM</span></p><p><span>Finally, another obvious advantage of DOCN is that it has a community of developers with over 5 million members, where Q&A, teaching, etc. can be conducted. The benefits this brings to DOCN are also obvious-a good reputation makes the cost of customer acquisition very low, and marketing expenses account for about 10% of revenue. Generally speaking, after getting used to a platform, the conversion cost is relatively high, so the user stickiness of DOCN is relatively strong and the potential lifetime value (LTV) is high.</span></p><p><h3><span><strong><span><font color=\"#3daad6\">02 Operation Analysis</font></span></strong></span></h3><strong><span>(1) Products</span></strong></p><p><span>Important time nodes for DOCN development</span></p><p><img src=\"https://img3.gelonghui.com/3ed86-991821ae-7224-4b39-99d1-9ffeba1c1ed2.png\"/></p><p><span>DOCN was founded in 2011, launched its first product, Droplet, the following year, and received a round of financing every year for 13-15 years. Intensive product releases and updates in 2017-2019, including core products Managed Kubernetesservice and Managed Databases offering (cloud storage). In 20 years, the company capped App Platform, a PaaS platform; The upgraded version (Premium) of Droplet was launched in 2021, mainly equipped with<a href=\"https://laohu8.com/S/AMD\">AMD</a>And intel's processors.</span></p><p><img src=\"https://img3.gelonghui.com/9d425-df5c62a5-28e1-4b03-88bc-b3a78a692d2c.png\"/></p><p><span>The picture above shows the evolution line of DOCN platform: the first generation of products is 12-15 years old, mainly making VPS (virtual server) to help customers develop and test applications; The second-generation product is 15-18 years old, mainly providing basic cloud services, including cloud space, cloud firewall, etc.; The third-generation products are 18 years old-today, mainly upgraded and subdivided on the basis of the previous generation (adding developer attributes, aiming at small and medium-sized enterprises and individual markets), including database management, App platform, etc.</span></p><p><span>Current core product classifications of DOCN: (1) Computing services: Droplets, Managed Kubernetes, App Platform; (2) Storage services: Spaces (individual storage), Volumes (block storage); (3) Network services: Cloud Firewalls (Cloud Firewalls), VPC (virtual private cloud); (4) Database management.</span></p><p><span>DOCN Base Droplets Pricing</span></p><p><img src=\"https://img3.gelonghui.com/f7d1f-e0258a63-7a32-4a4c-b104-257631df861c.png\"/></p><p><span>Source: Digital Ocean</span></p><p><span>DOCN App Platform pricing</span></p><p><img src=\"https://img3.gelonghui.com/c0bb9-7dfb660f-4b7c-470e-9aa6-a5e9ffd1ac97.png\"/></p><p><span>Source: Digital Ocean</span></p><p><span>In terms of pricing, as mentioned earlier, DOCN pricing is simple and transparent, and different product lines/services are priced separately. For example, the pricing of the basic version of Droplets in the picture above has been gradually increased from $5 to $80 per month according to the different services provided. As for the difference in providing services, it mainly refers to the difference in CPU use (intel, AMD and different models are optional), the difference in bandwidth requirements, and the difference in storage space requirements. Other product pricing (such as App Platform) is similar.</span></p><p><span>It is worth mentioning that the charging model adopted by DOCN is a monthly subscription, which is the same as the SaaS model and is conducive to exponential growth-for example, 10 customers this year, each customer spends 10 yuan. Next year, it will grow to 12 customers. Due to the development of customers themselves, demand and expenses will also increase to 12 yuan-from 10 * 10 to 12 * 12 and then to 15 * 15 is a typical exponential growth curve of SaaS companies.</span></p><p><span>Linode Product Pricing</span></p><p><img src=\"https://img3.gelonghui.com/9ebba-b780a3a2-5d49-448e-a67f-7241e21eb81f.png\"/></p><p><span>Source: Linode</span></p><p><span>The pricing ideas of competition are similar, but relatively speaking, they are not as clear as DOCN. For example, Linode, the primary competitor outside the Big Three, has product pricing ranging from US $5/month to US $960/month. The packaged content is not so easy to understand. For budget-conscious individuals and small and medium-sized enterprises, DOCN is used to match the different functions required. Functions are more appropriate.</span></p><p><span>To sum up, although the track where DOCN is located is relatively voluminous, the competitiveness of DOCN products is relatively obvious. Coupled with the unique community, we are optimistic about its long-term competitiveness.</span></p><p><strong><span>(2) Management</span></strong></p><p><span>DOCN's management team is quite impressive: CEOYancey Spruil has served SendGrid for 15-19 years as COO and CFO. During his reign, Yancey tripled SendGrid's revenue and customer number, and then sold the company to cloud computing giant Twilio for a high price of $3 billion in 2019.</span></p><p><span>Yancey's resume is undoubtedly a plus for DOCN, and we can expect DOCN to continue to climb to new levels under his leadership.</span></p><p><strong><span>(3) Business strategy</span></strong></p><p><span>DOCN customer acquisition and operation model</span></p><p><img src=\"https://img3.gelonghui.com/c85cf-ec6800ba-50ee-4f2a-a2a2-d1d5177f92ac.png\"/></p><p><span>Source: DOCN</span></p><p><span>DOCN describes its customer acquisition model as a self-servicecustomer acquisition model, with customer self-service as the core-customers place orders by themselves without the help of customer service. In this mode, DOCN invests a lot of manpower and material resources to polish products and services more concise and easy to understand, which is convenient for customers to search, try and place orders. According to third-party statistics, DOCN's website has approximately 5 million unique visitors/traffic per month.</span></p><p><span>The benefits brought by this business strategy are also very obvious-DOCN's marketing expense ratio is very low, 14%, 12% and 10% respectively in 18-20 years (declining with revenue growth, which also reflects the gradual effect of scale appearance).</span></p><p><span>Comparison of marketing expense ratios between DOCN and mainstream SaaS companies</span></p><p><img src=\"https://img3.gelonghui.com/24db9-877d52f1-f9d3-4cd1-bc97-41316c0aa433.png\"/></p><p><span>As shown in the figure above, DOCN's marketing expense ratio is the lowest compared with mainstream Saas companies, and the high-growth companies such as Asana and<a href=\"https://laohu8.com/S/SNOW\">Snowflake</a>(Buffett participated in the investment) The marketing expense ratio is as high as 74% and 63%. Of course, the low marketing expense ratio of DOCN is also related to the community and word-of-mouth communication analyzed earlier.</span></p><p><span>It is also worth noting that last year DOCN improved its marketing system and cultivated a go-to-market (similar to direct sales) team internally. In 20 years, this team contributed only 2% to revenue, but the company expects to continue to grow.</span></p><p><strong><span>(4) Competition</span></strong></p><p><span>The track of cloud computing basic services (PaaS, IaaS) is growing very fast, with fierce competition and high concentration-the three giants such as Amazon, Microsoft, and Google basically account for 75% of the market. However, for small and medium-sized enterprises and individuals, the services and pricing provided by giants are complicated, which also gives DOCN development opportunities.</span></p><p><span>G2 IaaS Competitiveness quadrant</span></p><p><img src=\"https://img3.gelonghui.com/04cd2-8abd21e7-4fe9-4e86-b922-c24f47f75711.png\"/></p><p><span>Source: G2</span></p><p><span>The picture above shows the IaaS competition quadrant of G2, a well-known software analysis company. You can see that in the upper right corner representing Leader, in addition to the Big Three, it is DOCN, indicating that the competitiveness is still very excellent.</span></p><p><span>Investigation of reasons for choosing DOCN</span></p><p><img src=\"https://img3.gelonghui.com/88023-df6410f0-0561-4212-a400-0cfd2976557d.png\"/></p><p><span>Source: JPM</span></p><p><span>According to Morgan's user due diligence data on DOCN, in the question \"Why choose DOCN instead of other platforms\", 100% of users voted for ease of use, pricing and customer service, which also shows the core competitiveness of DOCN. Another 78% voted for profile, 56% voted for performance, etc.</span></p><p><span>Survey of willingness to spend on the DOCN platform in the coming year</span></p><p><img src=\"https://img3.gelonghui.com/91d7e-3bc89811-db9b-4aaf-a1de-15ce7ddc688f.png\"/></p><p><span>Source: JPM</span></p><p><span>The picture above shows Morgan's due diligence on DOCN customers. Among them, 89% of the customers indicated that they will increase consumption on the DOCN platform next year, and 11% indicated that they may maintain spending, which is undoubtedly positive for the growth of DOCN. In addition, in the poll of \"probability of changing other servers\", 89% of users voted very low and 11% voted neutral, indicating that customers' stickiness is strong. Other aspects of competition have been analyzed earlier, so I will not repeat them here.</span></p><p><h3><span><strong><span><font color=\"#3daad6\">03 Valuation and Risk</font></span></strong></span></h3><span>DOCN Core Data Model</span></p><p><img src=\"https://img3.gelonghui.com/ea7e1-2b2c674e-d90d-4e6c-8e98-a7f1558a8da0.jpg\"/></p><p><span>As of 2020, the number of DOCN users was 573,000, and it is expected to grow to 723,000 by 23 years, a year-on-year increase of 7%, 8.7% and 8.4% respectively. The NRR (net retention rate) has increased from 113.5% in 21 years to about 118%. This will bring about faster revenue growth (30% +). DOCN is similar to many other SaaS companies, with a high gross profit margin of nearly 80%; In terms of operating profit margin, with the improvement of scale effect, it is expected to increase from 11.5% (expected) in 21 years to 22.1% in 23 years.</span></p><p><span>As of January 12, the valuation of DOCN'S corresponding revenue in 21 years is about 18.3 x, combined with the expected operating profit margin of 22%, the potential P/E is about 90x, and with a revenue growth rate of 30%, This valuation still appears high. The reasons for the overestimation are mainly the high prosperity of the track, the certainty of growth, and the competitiveness and expansion potential of DOCN itself. At present, DOCN, like other ps stocks, has experienced a violent decline in valuation, but it might as well start to pay attention to it in the darkest moment.</span></p><p><span>Note: This article was originally created by the US stock study club team. Please indicate the source for reprinting. Thank you!</span></p><p></body></html></p>","source":"gelonghui_highlight","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>US Stock Nuggets | Will Digital Ocean become the invisible king?</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nUS Stock Nuggets | Will Digital Ocean become the invisible king?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">格隆汇</strong><span class=\"h-time small\">2022-01-13 17:09</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body><span>Author | US Stock Research Institute</span></p><p><span>Data Support | Pythagorean Big Data (www.gogudata.com)</span></p><p><img src=\"https://img3.gelonghui.com/604f4-5e7c4c5d-f76c-4db4-8dd1-e3f5cb8bb5f9.png\"/></p><p><span>DigitalOcean (DOCN) was founded in 2011 in New York, USA, mainly providing cloud computing services for individuals and small and medium-sized enterprises. It was listed on Nasdaq in March 2021. As financial reports exceeded expectations one after another, the stock price experienced a round of magnificent rises, hitting new highs repeatedly.</span></p><p><span>DOCN's stock price trend since its listing</span></p><p><img src=\"https://img3.gelonghui.com/8d0ec-bc9e4f2a-c53e-49ef-baa1-9ff63a3881a2.png\"/></p><p><span>Source: Seekingalpha</span></p><p><span>But since the end of November, the Federal Reserve has turned hawkish and continued to strengthen its hawkish stance, such as accelerating taper and rate hike, and recently proposing shrinking balance sheet. In this environment of strong tightening expectations, growth stocks, especially those that have not yet been profitable, have experienced a sharp decline. The stock prices of a number of companies have been halved or even more, and DOCN has not been spared. So what will happen to DOCN's elasticity after the killing valuation stabilizes? Let's look at it fundamentally.</span></p><p><h3><span><strong><span><font color=\"#3daad6\">01Two core issues</font></span></strong></span></h3><strong><span>(1) TAM: Is the pool big enough?</span></strong></p><p><span>DOCN focuses on providing cloud computing services to individuals and SMEs (fewer than 500 employees). When it comes to cloud, maybe everyone's first reaction is<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>、<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>And<a href=\"https://laohu8.com/S/GOOG\">Google</a>The three giants then couldn't help but ask soul torture: Do small and medium-sized cloud service providers still have room to survive in front of the giants?</span></p><p><span>In fact, there is, and the market space and growth rate are not bad-according to the data of IDC, a professional research institute, the cloud service market for individuals and small and medium-sized enterprises in 21 years is about 56 billion US dollars, a year-on-year increase of 27%, and will reach 116 billion US dollars by 24 years. Compared with this high-growth large pool, the current penetration rate of DOCN is less than 1%, and the space is still very broad.</span></p><p><span>U.S. cloud computing market size growth expectations</span></p><p><img src=\"https://img3.gelonghui.com/33ab0-9c8ec3b5-fbf9-4bf5-a17d-334a47d7708f.png\"/></p><p><span>Source: Grandviewresearch</span></p><p><span>The growth expectations of other institutions are similar. For example, Grandviewresearch gave the U.S. cloud computing market a compound annual growth rate of 18.1% from 21 to 28 years. For the market segment of small and medium-sized users, what can be expected is to grow faster than the overall market-DOCN management also stated that the current needs of small and medium-sized customers have not been well served, and the cloud migration may be accelerated in the future.</span></p><p><strong><span>(2) Competitiveness: How does DOCN eat this market?</span></strong></p><p><span>In the field of cloud computing (IaaS and PaaS), the three giants such as Amazon can be said to be large, comprehensive, stable and reliable, and are the first choice of large enterprises. However, for small and medium-sized enterprises and individuals, the services and pricing provided by giants are complicated, which also gives DOCN a good opportunity to develop.</span></p><p><span>DOCN interface</span></p><p><img src=\"https://img3.gelonghui.com/daae1-427c7e29-36d4-4fa2-98b9-de7efddbe430.png\"/></p><p><span>The advantages of DOCN can be summarized into several keywords: introduction, ease of use, more timely service, transparent and easy-to-understand pricing. If friends who have used it may have a better experience, this platform is very easy to get started, while giants like AWS will be more complicated for small and medium-sized customers. In addition, in terms of service, DOCN is 24-hour customer service, so it will be better for small and medium-sized customers.</span></p><p><span>In addition to giants, DOCN actually has some competitors, but they are basically relatively small unlisted companies, such as Linode. Therefore, in the market segment of cloud services for individuals and small and medium-sized enterprises, DOCN has significant competitive advantages and strong certainty of future growth. Note: The picture below shows Morgan's survey interview with DOCN users, which shows that the only alternatives that users think are good except DOCN are the Big 3 and Linode.</span></p><p><span>\"What cloud service platform will be used besides DOCN\" survey data</span></p><p><img src=\"https://img3.gelonghui.com/b9d84-fdbf2cbf-813c-4699-9438-faeb5f0edaa5.png\"/></p><p><span>Source: JPM</span></p><p><span>Finally, another obvious advantage of DOCN is that it has a community of developers with over 5 million members, where Q&A, teaching, etc. can be conducted. The benefits this brings to DOCN are also obvious-a good reputation makes the cost of customer acquisition very low, and marketing expenses account for about 10% of revenue. Generally speaking, after getting used to a platform, the conversion cost is relatively high, so the user stickiness of DOCN is relatively strong and the potential lifetime value (LTV) is high.</span></p><p><h3><span><strong><span><font color=\"#3daad6\">02 Operation Analysis</font></span></strong></span></h3><strong><span>(1) Products</span></strong></p><p><span>Important time nodes for DOCN development</span></p><p><img src=\"https://img3.gelonghui.com/3ed86-991821ae-7224-4b39-99d1-9ffeba1c1ed2.png\"/></p><p><span>DOCN was founded in 2011, launched its first product, Droplet, the following year, and received a round of financing every year for 13-15 years. Intensive product releases and updates in 2017-2019, including core products Managed Kubernetesservice and Managed Databases offering (cloud storage). In 20 years, the company capped App Platform, a PaaS platform; The upgraded version (Premium) of Droplet was launched in 2021, mainly equipped with<a href=\"https://laohu8.com/S/AMD\">AMD</a>And intel's processors.</span></p><p><img src=\"https://img3.gelonghui.com/9d425-df5c62a5-28e1-4b03-88bc-b3a78a692d2c.png\"/></p><p><span>The picture above shows the evolution line of DOCN platform: the first generation of products is 12-15 years old, mainly making VPS (virtual server) to help customers develop and test applications; The second-generation product is 15-18 years old, mainly providing basic cloud services, including cloud space, cloud firewall, etc.; The third-generation products are 18 years old-today, mainly upgraded and subdivided on the basis of the previous generation (adding developer attributes, aiming at small and medium-sized enterprises and individual markets), including database management, App platform, etc.</span></p><p><span>Current core product classifications of DOCN: (1) Computing services: Droplets, Managed Kubernetes, App Platform; (2) Storage services: Spaces (individual storage), Volumes (block storage); (3) Network services: Cloud Firewalls (Cloud Firewalls), VPC (virtual private cloud); (4) Database management.</span></p><p><span>DOCN Base Droplets Pricing</span></p><p><img src=\"https://img3.gelonghui.com/f7d1f-e0258a63-7a32-4a4c-b104-257631df861c.png\"/></p><p><span>Source: Digital Ocean</span></p><p><span>DOCN App Platform pricing</span></p><p><img src=\"https://img3.gelonghui.com/c0bb9-7dfb660f-4b7c-470e-9aa6-a5e9ffd1ac97.png\"/></p><p><span>Source: Digital Ocean</span></p><p><span>In terms of pricing, as mentioned earlier, DOCN pricing is simple and transparent, and different product lines/services are priced separately. For example, the pricing of the basic version of Droplets in the picture above has been gradually increased from $5 to $80 per month according to the different services provided. As for the difference in providing services, it mainly refers to the difference in CPU use (intel, AMD and different models are optional), the difference in bandwidth requirements, and the difference in storage space requirements. Other product pricing (such as App Platform) is similar.</span></p><p><span>It is worth mentioning that the charging model adopted by DOCN is a monthly subscription, which is the same as the SaaS model and is conducive to exponential growth-for example, 10 customers this year, each customer spends 10 yuan. Next year, it will grow to 12 customers. Due to the development of customers themselves, demand and expenses will also increase to 12 yuan-from 10 * 10 to 12 * 12 and then to 15 * 15 is a typical exponential growth curve of SaaS companies.</span></p><p><span>Linode Product Pricing</span></p><p><img src=\"https://img3.gelonghui.com/9ebba-b780a3a2-5d49-448e-a67f-7241e21eb81f.png\"/></p><p><span>Source: Linode</span></p><p><span>The pricing ideas of competition are similar, but relatively speaking, they are not as clear as DOCN. For example, Linode, the primary competitor outside the Big Three, has product pricing ranging from US $5/month to US $960/month. The packaged content is not so easy to understand. For budget-conscious individuals and small and medium-sized enterprises, DOCN is used to match the different functions required. Functions are more appropriate.</span></p><p><span>To sum up, although the track where DOCN is located is relatively voluminous, the competitiveness of DOCN products is relatively obvious. Coupled with the unique community, we are optimistic about its long-term competitiveness.</span></p><p><strong><span>(2) Management</span></strong></p><p><span>DOCN's management team is quite impressive: CEOYancey Spruil has served SendGrid for 15-19 years as COO and CFO. During his reign, Yancey tripled SendGrid's revenue and customer number, and then sold the company to cloud computing giant Twilio for a high price of $3 billion in 2019.</span></p><p><span>Yancey's resume is undoubtedly a plus for DOCN, and we can expect DOCN to continue to climb to new levels under his leadership.</span></p><p><strong><span>(3) Business strategy</span></strong></p><p><span>DOCN customer acquisition and operation model</span></p><p><img src=\"https://img3.gelonghui.com/c85cf-ec6800ba-50ee-4f2a-a2a2-d1d5177f92ac.png\"/></p><p><span>Source: DOCN</span></p><p><span>DOCN describes its customer acquisition model as a self-servicecustomer acquisition model, with customer self-service as the core-customers place orders by themselves without the help of customer service. In this mode, DOCN invests a lot of manpower and material resources to polish products and services more concise and easy to understand, which is convenient for customers to search, try and place orders. According to third-party statistics, DOCN's website has approximately 5 million unique visitors/traffic per month.</span></p><p><span>The benefits brought by this business strategy are also very obvious-DOCN's marketing expense ratio is very low, 14%, 12% and 10% respectively in 18-20 years (declining with revenue growth, which also reflects the gradual effect of scale appearance).</span></p><p><span>Comparison of marketing expense ratios between DOCN and mainstream SaaS companies</span></p><p><img src=\"https://img3.gelonghui.com/24db9-877d52f1-f9d3-4cd1-bc97-41316c0aa433.png\"/></p><p><span>As shown in the figure above, DOCN's marketing expense ratio is the lowest compared with mainstream Saas companies, and the high-growth companies such as Asana and<a href=\"https://laohu8.com/S/SNOW\">Snowflake</a>(Buffett participated in the investment) The marketing expense ratio is as high as 74% and 63%. Of course, the low marketing expense ratio of DOCN is also related to the community and word-of-mouth communication analyzed earlier.</span></p><p><span>It is also worth noting that last year DOCN improved its marketing system and cultivated a go-to-market (similar to direct sales) team internally. In 20 years, this team contributed only 2% to revenue, but the company expects to continue to grow.</span></p><p><strong><span>(4) Competition</span></strong></p><p><span>The track of cloud computing basic services (PaaS, IaaS) is growing very fast, with fierce competition and high concentration-the three giants such as Amazon, Microsoft, and Google basically account for 75% of the market. However, for small and medium-sized enterprises and individuals, the services and pricing provided by giants are complicated, which also gives DOCN development opportunities.</span></p><p><span>G2 IaaS Competitiveness quadrant</span></p><p><img src=\"https://img3.gelonghui.com/04cd2-8abd21e7-4fe9-4e86-b922-c24f47f75711.png\"/></p><p><span>Source: G2</span></p><p><span>The picture above shows the IaaS competition quadrant of G2, a well-known software analysis company. You can see that in the upper right corner representing Leader, in addition to the Big Three, it is DOCN, indicating that the competitiveness is still very excellent.</span></p><p><span>Investigation of reasons for choosing DOCN</span></p><p><img src=\"https://img3.gelonghui.com/88023-df6410f0-0561-4212-a400-0cfd2976557d.png\"/></p><p><span>Source: JPM</span></p><p><span>According to Morgan's user due diligence data on DOCN, in the question \"Why choose DOCN instead of other platforms\", 100% of users voted for ease of use, pricing and customer service, which also shows the core competitiveness of DOCN. Another 78% voted for profile, 56% voted for performance, etc.</span></p><p><span>Survey of willingness to spend on the DOCN platform in the coming year</span></p><p><img src=\"https://img3.gelonghui.com/91d7e-3bc89811-db9b-4aaf-a1de-15ce7ddc688f.png\"/></p><p><span>Source: JPM</span></p><p><span>The picture above shows Morgan's due diligence on DOCN customers. Among them, 89% of the customers indicated that they will increase consumption on the DOCN platform next year, and 11% indicated that they may maintain spending, which is undoubtedly positive for the growth of DOCN. In addition, in the poll of \"probability of changing other servers\", 89% of users voted very low and 11% voted neutral, indicating that customers' stickiness is strong. Other aspects of competition have been analyzed earlier, so I will not repeat them here.</span></p><p><h3><span><strong><span><font color=\"#3daad6\">03 Valuation and Risk</font></span></strong></span></h3><span>DOCN Core Data Model</span></p><p><img src=\"https://img3.gelonghui.com/ea7e1-2b2c674e-d90d-4e6c-8e98-a7f1558a8da0.jpg\"/></p><p><span>As of 2020, the number of DOCN users was 573,000, and it is expected to grow to 723,000 by 23 years, a year-on-year increase of 7%, 8.7% and 8.4% respectively. The NRR (net retention rate) has increased from 113.5% in 21 years to about 118%. This will bring about faster revenue growth (30% +). DOCN is similar to many other SaaS companies, with a high gross profit margin of nearly 80%; In terms of operating profit margin, with the improvement of scale effect, it is expected to increase from 11.5% (expected) in 21 years to 22.1% in 23 years.</span></p><p><span>As of January 12, the valuation of DOCN'S corresponding revenue in 21 years is about 18.3 x, combined with the expected operating profit margin of 22%, the potential P/E is about 90x, and with a revenue growth rate of 30%, This valuation still appears high. The reasons for the overestimation are mainly the high prosperity of the track, the certainty of growth, and the competitiveness and expansion potential of DOCN itself. At present, DOCN, like other ps stocks, has experienced a violent decline in valuation, but it might as well start to pay attention to it in the darkest moment.</span></p><p><span>Note: This article was originally created by the US stock study club team. Please indicate the source for reprinting. Thank you!</span></p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.gelonghui.com/p/505834\">格隆汇</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://img3.gelonghui.com/26727-b75e9ffa-7ffe-43fe-a097-12c8850d31c9.png","relate_stocks":{"BK4116":"互联网服务与基础架构","BK4534":"瑞士信贷持仓","BK4503":"景林资产持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4122":"互联网与直销零售","BK4566":"资本集团","BK4535":"淡马锡持仓","BK4538":"云计算","BK4559":"巴菲特持仓","DOCN":"DigitalOcean Holdings, Inc.","BK4550":"红杉资本持仓","BK4507":"流媒体概念","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓","AMZN":"亚马逊","BK4561":"索罗斯持仓","BK4524":"宅经济概念","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","BK4527":"明星科技股"},"source_url":"http://www.gelonghui.com/p/505834","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"2203763214","content_text":"作者 | 美股研习社数据支持 | 勾股大数据（www.gogudata.com）DigitalOcean（DOCN）成立于2011年，美国纽约，主要为个人和中小企业提供云计算服务。21年3月登陆纳斯达克上市，由于财报接连超预期，股价经历了一轮波澜壮阔的上涨，屡创新高。DOCN上市以来股价走势 来源：Seekingalpha但从11月末开始，美联储转鹰，并不断加强鹰派的立场，例如加快taper和加息，以及近期提出缩表等。在这种强紧缩预期的环境下，成长股尤其是尚未盈利的经历了一轮猛烈下跌，成批公司股价腰斩甚至更多，DOCN也未能幸免。那么DOCN在杀估值企稳后的弹性会怎么样？我们从基本面来看。      01 两个核心问题（1）TAM：池子够不够大？DOCN专注于为个人和中小企业（员工少于500人）提供云计算服务。提到云，可能大家的第一反应是亚马逊、微软和谷歌三大巨头，然后不由得提出灵魂拷问：中小云服务商在巨头面前还有生存空间吗？其实还真有，而且市场空间和增速都还不错——据专业研究机构IDC的数据，21年个人和中小企业的云服务市场规模约560亿美元，同比增长27%，并且至24年将达到1160亿美元。相较于这个高增长的大池子，DOCN目前渗透率不到1%，空间仍非常广阔。美国云计算市场规模增长预期来源：Grandviewresearch其他机构的增长预期也类似，比如Grandviewresearch给出美国云计算市场规模21年-28年年复合增长率高达18.1%。对于中小用户的细分市场来说，可以期待的是比整体的市场增速要更快一点——DOCN管理层也表示目前中小客户的需求是没有被服务好的，未来可能加快上云。（2）竞争力：DOCN怎么吃下这个市场？在云计算（IaaS和PaaS）这个领域，亚马逊等三巨头可以说大而全，稳定可靠，是大企业的首选。不过对于中小企业和个人来说，巨头提供的服务和定价显得复杂，这也就给了DOCN发展良机。DOCN界面DOCN的优势可以总结为几个关键词：简介、易用、服务更及时、定价透明易理解。如果用过的朋友可能比较有体会，这平台上手非常容易，而像AWS这种巨头对中小客户来说显得会比较复杂。另外在服务方面，DOCN是24小时全天候客服，所以对于中小客户来说会更好。除了巨头之外，DOCN其实还有一些竞争对手，不过基本是规模比较小的未上市企业，比如Linode等。所以在个人和中小企业云服务这个细分市场，DOCN竞争优势显著，未来增长确定性强。注：下图为摩根对DOCN用户的调研访谈，表明用户除了DOCN之外觉得不错的替代品基本只有3巨头和Linode。“除DOCN外还会用什么云服务平台”调研数据来源：JPM最后，DOCN还有一个明显的优势在于有一个超500万会员的开发者的社区，里面可以进行问答、教学等。这给DOCN带来的好处也很明显——好的口碑让获客成本很低，营销费用占营收约10%。而一般而言，用习惯了一个平台之后转换成本是比较高的，所以DOCN的用户黏性比较强，潜在的终身价值（LTV）高。02 经营分析（1）产品DOCN发展重要时间节点DOCN成立于2011年，次年推出第一款产品Droplet，13-15年每年获得一轮融资。17-19年密集发布和更新产品，其中包括核心产品Managed Kubernetesservice和Managed Databases offering（云存储）等。20年，公司上限App Platform，一个PaaS平台；21年上线Droplet的升级版（Premium），主要搭载AMD和intel的处理器。上图为DOCN平台的进化线：第一代产品12-15年，主要做VPS（虚拟服务器），帮助客户开发和测试应用程序；第二代产品15-18年，主要提供基础云服务，包括云空间、云防火墙等；第三代产品18年-今，主要在上一代基础上进行升级和细分（增添了开发者属性，针对中小企业和个人市场），包括数据库管理，App平台等。目前DOCN的核心产品分类：（1）计算服务：Droplets，Managed Kubernetes，App Platform；（2）存储服务：Spaces（个体存储），Volumes（区块存储）；（3）网络服务：Cloud Firewalls（云防火墙），VPC（虚拟私有云）；（4）数据库管理。DOCN基础Droplets定价来源：Digital OceanDOCN App Platform定价来源：Digital Ocean定价方面，前文有提到DOCN定价简单透明，不同产品条线/服务分别定价。比如上图基础版Droplets的定价按提供服务的不同，由每个月5美元逐级提升至80美元。至于提供服务的不同，主要指使用CPU的不同（intel、AMD以及不同型号可选），带宽需求的不同，以及存储空间需求的不同等。其他产品定价（比如App Platform）也是类似。值得一提的是，DOCN采取的收费模式是按月订阅，这与SaaS的模式一样，有利于实现指数级的增长——比如今年10个客户，每个客户花费10元。明年发展到12个客户，由于客户自身的发展，需求和花费也增多至12元——从10*10到12*12再到15*15就是典型的SaaS公司指数级增长曲线。Linode产品定价来源：Linode竞对的定价思路也是类似，不过相对来说没有DOCN那么清晰。比如三巨头之外的首要竞对Linode，产品定价从5美元/月一直到960美元/月，里面打包的内容不是那么好理解，对于精打细算的个人和中小企业来说，用DOCN搭配所需的不同功能更为合适。总结来看，DOCN所在的赛道虽然比较卷，但DOCN产品竞争力比较明显，加上独有的社区，看好其长期竞争力。（2）管理层DOCN的管理团队还是挺令人印象深刻的：CEOYancey Spruil 15-19年服务于SendGrid公司，担任COO和CFO。在位期间，Yancey将SendGrid的营收和客户数量翻了3倍，然后在19年以30亿美元的高价将公司出售给云计算大厂Twilio。Yancey的履历无疑是DOCN的加分项，可以期待在他的带领下DOCN不断登上新的台阶。（3）经营策略DOCN获客与运营模式来源：DOCNDOCN将自己的获客模型描述为self-servicecustomer acquisition model，以客户自助式服务为核心——客户自助下单，不需要客服的帮助。在这个模式下，DOCN投入大量的人力物力将产品和服务打磨得更加简洁易懂，方便客户搜索、尝试和下单。据第三方数据统计，DOCN的网站每个月大约有500万独立访客/流量。这种经营策略带来的好处也非常明显——DOCN的营销费用率非常低，18-20年分别为14%、12%和10%（随营收增长而下降，也反映了规模效应逐步的显现）。DOCN与主流SaaS公司营销费用率对比如上图所示，DOCN的营销费用率和主流Saas公司对比是最低的，高增长的几家比如Asana和Snowflake（巴菲特参投）营销费用率高达74%和63%。当然，DOCN的营销费用率低也和前文分析过的社区与口碑传播有关。另外值得注意的是，去年DOCN完善了营销体系，内部培育go-to-market（类似直销）团队。20年这一团队对营收的贡献仅2%，不过公司预期将会不断增长。（4）竞对云计算基础服务（PaaS、IaaS）这个赛道增速非常快，竞争激烈，并且集中度很高——亚马逊、微软、谷歌等三巨头基本占了75%的市场。不过对于中小企业和个人来说，巨头提供的服务和定价显得复杂，这也就给了DOCN发展机遇。G2 IaaS竞争力象限来源：G2上图为知名软件分析公司G2的IaaS竞争象限，可以看到在代表Leader的右上角，除了三巨头之外就是DOCN，表明竞争力还是很优秀的。选择DOCN的理由调查来源：JPM根据摩根对DOCN的用户尽调数据，在“为什么选择DOCN而不是其他平台”的问题中，100%的用户投票给易用、定价和客服三项，也表明了DOCN核心竞争力所在。另外78%投了简介，56%投了性能等。未来一年在DOCN平台支出的意愿调查来源：JPM上图为摩根对于DOCN客户的尽调，其中89%的客户表明下一年将增加在DOCN平台上的消费，11%表明可能维持支出，这对于DOCN的增长来说无疑是利好。另外，在“更换其他服务器的概率”问题投票中，89%的用户投了非常低，11%投了中性，表明客户的粘性比较强。其他竞对方面的分析前文已有，这里就不再赘述。03 估值与风险DOCN核心数据模型截止20年，DOCN用户数为57.3万，预计至23年将增长至72.3万，同比分别增7%、8.7%和8.4%，NRR（净留存率）由21年113.5%提升至118%左右，这将带来营收较快速增长（30%+）。DOCN和其他许多SaaS公司类似，有着接近80%的高毛利率；经营利润率方面，随着规模效应的提升，有望从21年11.5%（预计）提升至23年22.1%。截止1月12日，DOCN对应21年营收的估值，P/S约18.3x，结合预期经营利润率22%，潜在P/E约90x，而在营收增速30%的情况下，这一估值仍显得偏高。那么高估的原因主要是赛道的高景气度、增长的确定性，以及DOCN自身的竞争力和扩张潜力。目前DOCN和其他ps股一样经历估值的猛烈下杀，但不妨在至暗时刻开始关注起来了。注：本文由美股研习社团队原创，转载请注明出处，谢谢！","news_type":1,"symbols_score_info":{"AMZN":0.9,"DOCN":1}},"isVote":1,"tweetType":1,"viewCount":952,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965198210,"gmtCreate":1669906341731,"gmtModify":1676538267547,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965198210","repostId":"9939278278","repostType":1,"repost":{"id":9939278278,"gmtCreate":1662126598694,"gmtModify":1676537003385,"author":{"id":"9000000000000339","authorId":"9000000000000339","name":"vippy","avatar":"https://static.tigerbbs.com/c0126a7d8aadf37410e3ec43acf556ad","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"9000000000000339","idStr":"9000000000000339"},"themes":[],"title":"3 Growth Stocks to Buy Hand Over Fist in September","htmlText":"Markets have forgotten how well these businesses are performing.How do you look for stocks to buy in September? My favorite method involves looking for shares that have been beaten down despite strong recent performances.SoFi Technologies(SOFI-1.18%),Duolingo(DUOL-0.30%), and&nbsp;PubMatic(PUBM-2.81%)presented exceptional results in early August that the stock market has already forgotten about. Here's why scooping up shares of these beaten-down growth stocks now could do wonders for your portfolio over the long run.IMAGE SOURCE: GETTY IMAGES.SoFi TechnologiesThis unique banking stockpopped in early Augustin response to a stellar second-quarter report. SoFi Technologies shares briefly rallied after the company told investors it generated second-quarter revenue that soared 57% year over yea","listText":"Markets have forgotten how well these businesses are performing.How do you look for stocks to buy in September? My favorite method involves looking for shares that have been beaten down despite strong recent performances.SoFi Technologies(SOFI-1.18%),Duolingo(DUOL-0.30%), and&nbsp;PubMatic(PUBM-2.81%)presented exceptional results in early August that the stock market has already forgotten about. Here's why scooping up shares of these beaten-down growth stocks now could do wonders for your portfolio over the long run.IMAGE SOURCE: GETTY IMAGES.SoFi TechnologiesThis unique banking stockpopped in early Augustin response to a stellar second-quarter report. SoFi Technologies shares briefly rallied after the company told investors it generated second-quarter revenue that soared 57% year over yea","text":"Markets have forgotten how well these businesses are performing.How do you look for stocks to buy in September? My favorite method involves looking for shares that have been beaten down despite strong recent performances.SoFi Technologies(SOFI-1.18%),Duolingo(DUOL-0.30%), and PubMatic(PUBM-2.81%)presented exceptional results in early August that the stock market has already forgotten about. Here's why scooping up shares of these beaten-down growth stocks now could do wonders for your portfolio over the long run.IMAGE SOURCE: GETTY IMAGES.SoFi TechnologiesThis unique banking stockpopped in early Augustin response to a stellar second-quarter report. SoFi Technologies shares briefly rallied after the company told investors it generated second-quarter revenue that soared 57% year over yea","images":[{"img":"https://community-static.tradeup.com/news/1292a12c9fcf97a674b3c17c0ef99c38","width":"700","height":"467"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9939278278","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2790,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9027459901,"gmtCreate":1654073118903,"gmtModify":1676535389546,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"OK like pls","listText":"OK like pls","text":"OK like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9027459901","repostId":"9027554488","repostType":1,"repost":{"id":9027554488,"gmtCreate":1654055490763,"gmtModify":1676535386785,"author":{"id":"9000000000000641","authorId":"9000000000000641","name":"CyrilDavy","avatar":"https://static.tigerbbs.com/fd67ba4a6ca5ca66b27af6afcce989dc","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"9000000000000641","idStr":"9000000000000641"},"themes":[],"title":"Are These EV Stocks The Best Stocks To Invest In 2022?","htmlText":"Electric vehicle (EV) stocks could be worth looking at in the&nbsp;stock market. This comes as most of the biggest names in the space are set to release their latest monthly deliveries this week. Not to mention, there are also two key potential tailwinds for EV companies, in general, to watch now. Firstly, leaders from the European Union are now pursuing a partial ban on the buying of Russian oil. This would mark the sixth series of sanctions on Russia over its invasion of Ukraine. Secondly, there are also reports coming out of China regarding the government’s plans to end its two-month COVID lockdown in Shanghai. Because of this, some of the top Chinese EV companies likeNio<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a> and&nbsp;Xpeng<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(</a>","listText":"Electric vehicle (EV) stocks could be worth looking at in the&nbsp;stock market. This comes as most of the biggest names in the space are set to release their latest monthly deliveries this week. Not to mention, there are also two key potential tailwinds for EV companies, in general, to watch now. Firstly, leaders from the European Union are now pursuing a partial ban on the buying of Russian oil. This would mark the sixth series of sanctions on Russia over its invasion of Ukraine. Secondly, there are also reports coming out of China regarding the government’s plans to end its two-month COVID lockdown in Shanghai. Because of this, some of the top Chinese EV companies likeNio<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a> and&nbsp;Xpeng<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(</a>","text":"Electric vehicle (EV) stocks could be worth looking at in the stock market. This comes as most of the biggest names in the space are set to release their latest monthly deliveries this week. Not to mention, there are also two key potential tailwinds for EV companies, in general, to watch now. Firstly, leaders from the European Union are now pursuing a partial ban on the buying of Russian oil. This would mark the sixth series of sanctions on Russia over its invasion of Ukraine. Secondly, there are also reports coming out of China regarding the government’s plans to end its two-month COVID lockdown in Shanghai. Because of this, some of the top Chinese EV companies likeNio$NIO Inc.(NIO)$ and Xpeng$XPeng Inc.(","images":[{"img":"https://community-static.tradeup.com/news/ebf4977e4bfc6738ac12aa37a255fdfb","width":"-1","height":"-1"},{"img":"https://community-static.tradeup.com/news/8ddf0bc2ec7f8b3c656b77ba32a17a13","width":"-1","height":"-1"},{"img":"https://community-static.tradeup.com/news/7b24bf3e6f0c66161120ba3c025f0ad5","width":"-1","height":"-1"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9027554488","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":4,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2661,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9024687826,"gmtCreate":1653868021665,"gmtModify":1676535352655,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"OK like pls","listText":"OK like pls","text":"OK like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9024687826","repostId":"9024891645","repostType":1,"repost":{"id":9024891645,"gmtCreate":1653835307787,"gmtModify":1676535348694,"author":{"id":"3581803494981906","authorId":"3581803494981906","name":"haoren","avatar":"https://static.tigerbbs.com/959cadb42575ede705b330aa58d68a63","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3581803494981906","idStr":"3581803494981906"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/EH\">$EHang Holdings Ltd(EH)$</a>to the moon","listText":"<a href=\"https://ttm.financial/S/EH\">$EHang Holdings Ltd(EH)$</a>to the moon","text":"$EHang Holdings Ltd(EH)$to the moon","images":[{"img":"https://community-static.tradeup.com/news/7d843d9c5a00e7769c57fe8c64a13437","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9024891645","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2508,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9025579037,"gmtCreate":1653709409629,"gmtModify":1676535331558,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"OK like pls","listText":"OK like pls","text":"OK like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9025579037","repostId":"614270279","repostType":1,"repost":{"id":614270279,"gmtCreate":1653622620000,"gmtModify":1676533155893,"author":{"id":"4107925732032840","authorId":"4107925732032840","name":"中国基金报","avatar":"https://static.tigerbbs.com/498a5e5426489a3835f596f93ba03b51","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4107925732032840","idStr":"4107925732032840"},"themes":[],"title":"北京順義徹查“醫院及120延遲救治致患者死亡”","htmlText":"來源：北京順義 順義區啓動對順義120急救分中心延遲救治急症患者問題的全面調查 針對反映順義區醫院及順義120急救分中心延遲救治致患者死亡的問題，順義區委區政府和北京市衛健委在獲知該信息後，第一時間成立調查組，連夜進駐順義區醫院及順義120急救分中心，對事件當晚急救調度情況、急救反應時間、院前救治過程、院前院內急救對接等展開全面徹底調查。現已對順義急救分中心負責人及相關責任人停職，接受調查。 區衛健委已與逝者家屬取得聯繫，溝通有關情況，對患者不幸離世表示沉痛哀悼，對逝者家屬表示深切慰問，並積極開展善後工作。區政府將在全區醫療衛生系統進行檢查整改，加強對院前急救機構和其他醫療機構的監督指導，認真查找漏洞，深刻吸取教訓，舉一反三，引以爲戒，切實保障人民羣衆生命安全和身體健康。 順義區將對此事件全面調查，一查到底，依法依規對相關責任人嚴肅處理，將嚴格落實首診負責制，絕不允許因任何原因耽誤對病人的急診救治。 有關事件調查和處理情況將及時予以通報。 順義區人民政府 2022年5月27日","listText":"來源：北京順義 順義區啓動對順義120急救分中心延遲救治急症患者問題的全面調查 針對反映順義區醫院及順義120急救分中心延遲救治致患者死亡的問題，順義區委區政府和北京市衛健委在獲知該信息後，第一時間成立調查組，連夜進駐順義區醫院及順義120急救分中心，對事件當晚急救調度情況、急救反應時間、院前救治過程、院前院內急救對接等展開全面徹底調查。現已對順義急救分中心負責人及相關責任人停職，接受調查。 區衛健委已與逝者家屬取得聯繫，溝通有關情況，對患者不幸離世表示沉痛哀悼，對逝者家屬表示深切慰問，並積極開展善後工作。區政府將在全區醫療衛生系統進行檢查整改，加強對院前急救機構和其他醫療機構的監督指導，認真查找漏洞，深刻吸取教訓，舉一反三，引以爲戒，切實保障人民羣衆生命安全和身體健康。 順義區將對此事件全面調查，一查到底，依法依規對相關責任人嚴肅處理，將嚴格落實首診負責制，絕不允許因任何原因耽誤對病人的急診救治。 有關事件調查和處理情況將及時予以通報。 順義區人民政府 2022年5月27日","text":"來源：北京順義 順義區啓動對順義120急救分中心延遲救治急症患者問題的全面調查 針對反映順義區醫院及順義120急救分中心延遲救治致患者死亡的問題，順義區委區政府和北京市衛健委在獲知該信息後，第一時間成立調查組，連夜進駐順義區醫院及順義120急救分中心，對事件當晚急救調度情況、急救反應時間、院前救治過程、院前院內急救對接等展開全面徹底調查。現已對順義急救分中心負責人及相關責任人停職，接受調查。 區衛健委已與逝者家屬取得聯繫，溝通有關情況，對患者不幸離世表示沉痛哀悼，對逝者家屬表示深切慰問，並積極開展善後工作。區政府將在全區醫療衛生系統進行檢查整改，加強對院前急救機構和其他醫療機構的監督指導，認真查找漏洞，深刻吸取教訓，舉一反三，引以爲戒，切實保障人民羣衆生命安全和身體健康。 順義區將對此事件全面調查，一查到底，依法依規對相關責任人嚴肅處理，將嚴格落實首診負責制，絕不允許因任何原因耽誤對病人的急診救治。 有關事件調查和處理情況將及時予以通報。 順義區人民政府 2022年5月27日","images":[{"img":"https://static.tigerbbs.com/de359aeb9f3c43e1a0228f259f33fd6f","width":"-1","height":"-1"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/614270279","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2761,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9026289699,"gmtCreate":1653383807311,"gmtModify":1676535271855,"author":{"id":"3548753920898821","authorId":"3548753920898821","name":"skyyyyy2001","avatar":"https://static.tigerbbs.com/77d8333e0481e019b0ffe5c3a353530a","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3548753920898821","idStr":"3548753920898821"},"themes":[],"htmlText":"OK like pls","listText":"OK like pls","text":"OK like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026289699","repostId":"9026871233","repostType":1,"repost":{"id":9026871233,"gmtCreate":1653358942445,"gmtModify":1676535267723,"author":{"id":"3527667621665671","authorId":"3527667621665671","name":"Daily_Discussion","avatar":"https://community-static.tradeup.com/news/6973ef3354e752778088dfd8ca725c82","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667621665671","idStr":"3527667621665671"},"themes":[],"title":"🔥[24th May]Trading plans that you can't miss from Tiger users","htmlText":"Hi, Tigers! Welcome to&nbsp;Daily Discussion! This is the place for you to share your trading ideas and win coins! <a href=\"https://ttm.financial/RN?name=RNTheme&amp;page=/theme/special/discussion&amp;rndata={&quot;themeId&quot;:&quot;e020a83ea15047ebaf152fe93ebc6328&quot;,&quot;type&quot;:3}\" target=\"_blank\">Click here to join the Topic &amp; Win coins &gt;&gt;</a> [Rewards] You will be given&nbsp;100 Tiger Coins according to the quality &amp; interaction of the post (NOTE: Comments posted under this article WILL NOT be counted) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.You will be given&nbsp;10 Tiger coins&nbsp;if you tag more than 3 friends in the comment area Meanwhile, we will be listing the stocks mentioned by those selected Tigers for your reference every day (not inve","listText":"Hi, Tigers! Welcome to&nbsp;Daily Discussion! This is the place for you to share your trading ideas and win coins! <a href=\"https://ttm.financial/RN?name=RNTheme&amp;page=/theme/special/discussion&amp;rndata={&quot;themeId&quot;:&quot;e020a83ea15047ebaf152fe93ebc6328&quot;,&quot;type&quot;:3}\" target=\"_blank\">Click here to join the Topic &amp; Win coins &gt;&gt;</a> [Rewards] You will be given&nbsp;100 Tiger Coins according to the quality &amp; interaction of the post (NOTE: Comments posted under this article WILL NOT be counted) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.You will be given&nbsp;10 Tiger coins&nbsp;if you tag more than 3 friends in the comment area Meanwhile, we will be listing the stocks mentioned by those selected Tigers for your reference every day (not inve","text":"Hi, Tigers! Welcome to Daily Discussion! This is the place for you to share your trading ideas and win coins! Click here to join the Topic & Win coins >> [Rewards] You will be given 100 Tiger Coins according to the quality & interaction of the post (NOTE: Comments posted under this article WILL NOT be counted) 2.You will be given 10 Tiger coins if you tag more than 3 friends in the comment area Meanwhile, we will be listing the stocks mentioned by those selected Tigers for your reference every day (not inve","images":[{"img":"https://community-static.tradeup.com/news/93f03271955e619136207b2740cc8202","width":"1080","height":"1920"},{"img":"https://community-static.tradeup.com/news/e961ee203328d401936b5a8ebda60e0e","width":"499","height":"320"},{"img":"https://community-static.tradeup.com/news/65bb3f1f6866b7e1facf4a2d21948a19","width":"-1","height":"-1"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026871233","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2766,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}