To The Moon

$Alphabet(GOOG)$ invested in to make $200B so far: 1. SPACEX → ~$1.25T–$2T Satellite internet + launch dominance, controls global infrastructure 2. Anthropic → ~$350B–$1T+ Frontline AI models powering enterprise + next-gen intelligence stack 3. Databricks → ~$134B AI + data backbone enabling enterprises to train and deploy models 4. Stripe → ~$150B+ Global payments infrastructure powering internet commerce and financial rails 5. Epic Games → ~$30B+ (est.) Owns Unreal Engine, building metaverse + real-time 3D ecosystems 6. $AST SpaceMobile, Inc.(ASTS)$ → ~$5B–$10B (est.) Space-based cellular network connecting phones directly via satellites 7. Planet Labs → ~$2B–$4B (est.) Earth data + geospatial intellige

The ceasefire in Iran provided the market with a welcome breath of fresh air this April. By staying invested, I saw the portfolio gain SGD 20,000, representing a 3.5% return for the month. Year-to-date dividends have now reached a total of SGD 12,000.

$CRRC(01766)$ Added position to dilute holding cost

$SITC(01308)$

$SHANGHAI IND H(00363)$ Bought the dip for dividends

If you opened your trading app today and saw a sea of red, you’re definitely not alone. March 12 turned into one of those classic macro-driven trading days: oil surged past $100, the U.S. dollar strengthened sharply, and U.S. stocks recorded their biggest drop of the year. When geopolitics, commodities, and monetary policy collide, markets tend to move fast—and today was a perfect example. But before reacting emotionally to a volatile session, it’s worth stepping back and understanding what actually drove the market today. Here are the five developments every investor should know. 🛢️ 1️⃣ Oil Breaks $100 — Energy Risk Is Back The biggest story today is simple but powerful: oil is back above $100 per barrel. According to Reuters and Bloomberg market data, Brent crude surged more than 10% int

1.先看下估值錨點Figure Figure最新一輪融資後估值接近390億美元，而公開信息顯示其收入仍處於極早期階段，出貨量個位數，藍圖倒是畫很大，說2029年在裝配線和家庭中部署超過20萬臺機器人。 相比之下，去年底剛完成港股IPO，臥安機器人現在市值約250億港元，估值差距接近12倍。 如果這兩公司放一個邏輯框架看，方向其實都差不多。Figure的核心定位，是打造未來家庭與服務場景中的通用機器人平臺；而臥安機器人則圍繞AI具身家庭機器人系統，在運動機器人、陪伴機器人以及未來的人形家庭機器人方向上佈局。 二者都是聚焦家庭場景的具身智能本體企業，但從估值角度看，機器人賽道現在基本都是圍繞具身智能、家庭場景給定價。 Figure估值有點像一級市場期權邏輯，而且把預期拉滿了，臥安這種完成商業驗證的，反而給打下來了，一級市場邏輯確實要比二級市場野。 2.再看下港股可比標的 目前在港股市場，機器人板塊真正具備一定代表性的標的並不多，可比公司主要集中在優必選與越疆兩家，從機器人硬件、AI和場景這幾個角度看，有一定可比性，臥安機器人屬於消費級機器人路徑。 收入情況。從2022到2024年，臥安的收入從2.7億增長到6.1億，三年複合增速49%，增速方面，在三家公司中屬於第一梯隊。 越疆的CAGR大致在25%區間，而優必選雖然收入體量最大，但增速已經明顯放緩，三年CAGR只有13.8%。目前看臥安收入情況，不算小基數，總體營收規模也要比越疆大很多，屬於在一定收入規模基礎上，仍然跑出了接近50%的增長。作爲一家聚焦在C端場景的具身智能公司，過去三年的收入複合增長率接近50%，也算稀缺了。 根據招股書2025年上半年，臥安實現收入3.96億，已經接近2024年全年的三分之二，如果按這個節奏走完全年，2025年前瞻口徑下，年收入約爲9億元，對應當前市值PS約25倍。 目前機構對越疆和優必選的增