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Shank88
2021-11-10
$Bannerman Resources Ltd(BMN.AU)$
Still got several x to go
Shank88
2021-11-09
$Panoramic Resources Ltd(PAN.AU)$
Powerup!
Shank88
2021-11-07
$Antero Resources(AR)$
Move in natgas notover yet
Shank88
2021-10-31
$Aeris Resources Ltd(AIS.AU)$
Undervalued copper gold miner.
Shank88
2021-10-30
$Lotus Resources(LOT.AU)$
Great infrastructure. Will stand the gain in the bull run.
Shank88
2021-10-29
$WESTERN AREAS LTD(WSA.AU)$
Nickel play
Shank88
2021-10-24
$Peabody Energy Corp(BTU)$
Another leg up coming for coal stocks.
Shank88
2021-10-22
$First Majestic Silver(AG)$
Silver seems poised for a move up. Major producers
Shank88
2021-10-21
$Syrah Resources(SYR.AU)$
Graphite an important component for nuclear plants.
Shank88
2021-10-15
$Poseidon Nickel(POS.AU)$
Esg mandates pushing demand for nickel.
Shank88
2021-10-12
$First Majestic Silver(AG)$
Crazily oversold. Lack of silver supply in he future
Shank88
2021-10-11
$Silex Systems(SLX.AU)$
Interesting stock that follows the uranium cycle.
Shank88
2021-10-10
$UEX Corp.(UEXCF)$
Gonna play catch up. Always a slower laggard
Shank88
2021-10-09
$Star Bulk Carriers(SBLK)$
Shipping still has legs. Few more legs up.
Shank88
2021-10-06
$Peninsula Energy(PEN.AU)$
All time high isstill far. Esg pushing uranium up
Shank88
2021-10-04
Green energy metals. More upside in the next few years
Shank88
2021-10-03
Shipping poised for a leg higher
Shank88
2021-10-02
Lng carriers making loads of money.
Shank88
2021-09-26
Shipping still has room to run.
Shank88
2021-09-25
Shipping is crazily resilient.
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in natgas notover yet","images":[{"img":"https://static.tigerbbs.com/126895f05432ad074c8b712c1b525755","width":"750","height":"2271"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845040835","isVote":1,"tweetType":1,"viewCount":2454,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":840275908,"gmtCreate":1635654215273,"gmtModify":1635654215344,"author":{"id":"3555541900193425","authorId":"3555541900193425","name":"Shank88","avatar":"https://static.tigerbbs.com/a154c05a17a8a27be584e08972979b04","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555541900193425","idStr":"3555541900193425"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AIS.AU\">$Aeris Resources Ltd(AIS.AU)$</a>Undervalued copper gold miner.","listText":"<a href=\"https://laohu8.com/S/AIS.AU\">$Aeris Resources Ltd(AIS.AU)$</a>Undervalued copper gold 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Major producers ","listText":"<a href=\"https://laohu8.com/S/AG\">$First Majestic Silver(AG)$</a>Silver seems poised for a move up. Major producers ","text":"$First Majestic Silver(AG)$Silver seems poised for a move up. Major producers","images":[{"img":"https://static.tigerbbs.com/06819127fe3d110c3d8eac4f59851f65","width":"750","height":"2271"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/851142370","isVote":1,"tweetType":1,"viewCount":2920,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":853683356,"gmtCreate":1634800454404,"gmtModify":1634800454608,"author":{"id":"3555541900193425","authorId":"3555541900193425","name":"Shank88","avatar":"https://static.tigerbbs.com/a154c05a17a8a27be584e08972979b04","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555541900193425","idStr":"3555541900193425"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SYR.AU\">$Syrah Resources(SYR.AU)$</a>Graphite an important component for nuclear plants.","listText":"<a href=\"https://laohu8.com/S/SYR.AU\">$Syrah Resources(SYR.AU)$</a>Graphite an important component for nuclear plants.","text":"$Syrah Resources(SYR.AU)$Graphite an important component for nuclear plants.","images":[{"img":"https://static.tigerbbs.com/de40b6fc1634d7d51289fd22ee6d6e82","width":"750","height":"2119"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/853683356","isVote":1,"tweetType":1,"viewCount":2025,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":824973922,"gmtCreate":1634274425816,"gmtModify":1634274425990,"author":{"id":"3555541900193425","authorId":"3555541900193425","name":"Shank88","avatar":"https://static.tigerbbs.com/a154c05a17a8a27be584e08972979b04","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555541900193425","idStr":"3555541900193425"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/POS.AU\">$Poseidon Nickel(POS.AU)$</a>Esg mandates pushing demand for nickel.","listText":"<a href=\"https://laohu8.com/S/POS.AU\">$Poseidon Nickel(POS.AU)$</a>Esg mandates pushing demand for nickel.","text":"$Poseidon Nickel(POS.AU)$Esg mandates pushing demand for nickel.","images":[{"img":"https://static.tigerbbs.com/3a38194e80fdbf0d22d9595ff871248e","width":"750","height":"2119"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/824973922","isVote":1,"tweetType":1,"viewCount":2149,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":826590376,"gmtCreate":1634033464836,"gmtModify":1634036556825,"author":{"id":"3555541900193425","authorId":"3555541900193425","name":"Shank88","avatar":"https://static.tigerbbs.com/a154c05a17a8a27be584e08972979b04","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555541900193425","idStr":"3555541900193425"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AG\">$First Majestic Silver(AG)$</a>Crazily oversold. 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","text":"$Silex Systems(SLX.AU)$Interesting stock that follows the uranium cycle.","images":[{"img":"https://static.tigerbbs.com/0b621e8c2668bdc3c42d8e15aa5e81d3","width":"750","height":"2119"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/828444385","isVote":1,"tweetType":1,"viewCount":940,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":828912548,"gmtCreate":1633831939793,"gmtModify":1633831939864,"author":{"id":"3555541900193425","authorId":"3555541900193425","name":"Shank88","avatar":"https://static.tigerbbs.com/a154c05a17a8a27be584e08972979b04","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555541900193425","idStr":"3555541900193425"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/UEXCF\">$UEX Corp.(UEXCF)$</a>Gonna play catch up. 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With the green initiative volume will pick up. Free cash flow baby!","listText":"A massive plus point for Tesla. With the green initiative volume will pick up. Free cash flow baby!","text":"A massive plus point for Tesla. With the green initiative volume will pick up. Free cash flow baby!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/179271967","repostId":"2152681854","repostType":4,"isVote":1,"tweetType":1,"viewCount":427,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149363894,"gmtCreate":1625705455218,"gmtModify":1633938204503,"author":{"id":"3555541900193425","authorId":"3555541900193425","name":"Shank88","avatar":"https://static.tigerbbs.com/a154c05a17a8a27be584e08972979b04","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555541900193425","idStr":"3555541900193425"},"themes":[],"htmlText":"Tesla to a higher valuation.","listText":"Tesla to a higher valuation.","text":"Tesla to a higher valuation.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/149363894","repostId":"1102362663","repostType":4,"isVote":1,"tweetType":1,"viewCount":555,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196212736,"gmtCreate":1621056385525,"gmtModify":1634194221665,"author":{"id":"3555541900193425","authorId":"3555541900193425","name":"Shank88","avatar":"https://static.tigerbbs.com/a154c05a17a8a27be584e08972979b04","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555541900193425","idStr":"3555541900193425"},"themes":[],"htmlText":"Uh? Still okay a downtrend.","listText":"Uh? Still okay a downtrend.","text":"Uh? Still okay a downtrend.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/196212736","repostId":"1103478451","repostType":4,"isVote":1,"tweetType":1,"viewCount":430,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173554149,"gmtCreate":1626673387681,"gmtModify":1633925022621,"author":{"id":"3555541900193425","authorId":"3555541900193425","name":"Shank88","avatar":"https://static.tigerbbs.com/a154c05a17a8a27be584e08972979b04","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555541900193425","idStr":"3555541900193425"},"themes":[],"htmlText":"What a way to suck in retailers money. Major shareholders dumpin the reins the retailers.Market toppisj!","listText":"What a way to suck in retailers money. Major shareholders dumpin the reins the retailers.Market toppisj!","text":"What a way to suck in retailers money. Major shareholders dumpin the reins the retailers.Market toppisj!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/173554149","repostId":"1187233426","repostType":4,"repost":{"id":"1187233426","kind":"news","pubTimestamp":1626671417,"share":"https://www.laohu8.com/m/news/1187233426?lang=zh_CN&edition=full","pubTime":"2021-07-19 13:10","market":"us","language":"en","title":"Italian luxury fashion brand Zegna to go public in $3.2 bln SPAC deal<blockquote>意大利奢侈时尚品牌杰尼亚将以32亿美元的SPAC交易上市</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1187233426","media":"Reuters","summary":"July 19 (Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public by combin","content":"<p>July 19 (Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public by combining with a special-purpose acquisition company (SPAC) in the United States, giving the business an enterprise value of $3.2 billion, the Financial Times said on Monday.</p><p><blockquote>路透7月19日-英国《金融时报》周一称,意大利奢侈时尚集团杰尼亚(Ermenegildo Zegna)已同意通过与美国一家特殊目的收购公司(SPAC)合并上市,使该业务的企业价值达到32亿美元。</blockquote></p><p> The family-owned fashion brand will raise $880 million by combining with a SPAC launched by European private equity group Investindustrial and chaired by former UBS chief executive Sergio Ermotti, the report said.</p><p><blockquote>报道称,这个家族时尚品牌将通过与欧洲私募股权集团Investindustrial发起并由瑞银前首席执行官塞尔吉奥·埃尔莫蒂(Sergio Ermotti)担任主席的SPAC合并,筹集8.8亿美元。</blockquote></p><p> Under the terms of the deal, Zegna will sell a portion of their holdings and retain 62% of the combined company, which is being given an equity value of $2.5 billion, FT added.</p><p><blockquote>英国《金融时报》补充说,根据交易条款,杰尼亚将出售部分股份,并保留合并后公司62%的股份,该公司的股权价值为25亿美元。</blockquote></p><p> Zegna will merge with the New York-listed entity Investindustrial Acquisition Corp.</p><p><blockquote>杰尼亚将与纽约上市实体Investindustrial Acquisition Corp.合并。</blockquote></p><p> The investment in the Italian fashion brand will give Investindustrial an 11% stake in the company, FT said.</p><p><blockquote>英国《金融时报》称,对这个意大利时尚品牌的投资将使Investindustrial获得该公司11%的股份。</blockquote></p><p> \"We could have remained independent for another 100 years, but the moment is appropriate and the world has changed a lot and luxury has become very challenging,\" Chief Executive Officer Gildo Zegna told the FT.</p><p><blockquote>首席执行官吉尔多·杰尼亚(Gildo Zegna)对英国《金融时报》表示:“我们本可以再独立100年,但时机恰到好处,世界已经发生了很大变化,奢侈品变得非常具有挑战性。”</blockquote></p><p> Investindustrial Acquisition did not immediately respond to a Reuters request for comment.</p><p><blockquote>Investindustrial Acquisition没有立即回应路透社的置评请求。</blockquote></p><p></p>","source":"lsy1612507957220","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>Italian luxury fashion brand Zegna to go public in $3.2 bln SPAC deal<blockquote>意大利奢侈时尚品牌杰尼亚将以32亿美元的SPAC交易上市</blockquote></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{ 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}\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\">\nItalian luxury fashion brand Zegna to go public in $3.2 bln SPAC deal<blockquote>意大利奢侈时尚品牌杰尼亚将以32亿美元的SPAC交易上市</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-07-19 13:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p>July 19 (Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public by combining with a special-purpose acquisition company (SPAC) in the United States, giving the business an enterprise value of $3.2 billion, the Financial Times said on Monday.</p><p><blockquote>路透7月19日-英国《金融时报》周一称,意大利奢侈时尚集团杰尼亚(Ermenegildo Zegna)已同意通过与美国一家特殊目的收购公司(SPAC)合并上市,使该业务的企业价值达到32亿美元。</blockquote></p><p> The family-owned fashion brand will raise $880 million by combining with a SPAC launched by European private equity group Investindustrial and chaired by former UBS chief executive Sergio Ermotti, the report said.</p><p><blockquote>报道称,这个家族时尚品牌将通过与欧洲私募股权集团Investindustrial发起并由瑞银前首席执行官塞尔吉奥·埃尔莫蒂(Sergio Ermotti)担任主席的SPAC合并,筹集8.8亿美元。</blockquote></p><p> Under the terms of the deal, Zegna will sell a portion of their holdings and retain 62% of the combined company, which is being given an equity value of $2.5 billion, FT added.</p><p><blockquote>英国《金融时报》补充说,根据交易条款,杰尼亚将出售部分股份,并保留合并后公司62%的股份,该公司的股权价值为25亿美元。</blockquote></p><p> Zegna will merge with the New York-listed entity Investindustrial Acquisition Corp.</p><p><blockquote>杰尼亚将与纽约上市实体Investindustrial Acquisition Corp.合并。</blockquote></p><p> The investment in the Italian fashion brand will give Investindustrial an 11% stake in the company, FT said.</p><p><blockquote>英国《金融时报》称,对这个意大利时尚品牌的投资将使Investindustrial获得该公司11%的股份。</blockquote></p><p> \"We could have remained independent for another 100 years, but the moment is appropriate and the world has changed a lot and luxury has become very challenging,\" Chief Executive Officer Gildo Zegna told the FT.</p><p><blockquote>首席执行官吉尔多·杰尼亚(Gildo Zegna)对英国《金融时报》表示:“我们本可以再独立100年,但时机恰到好处,世界已经发生了很大变化,奢侈品变得非常具有挑战性。”</blockquote></p><p> Investindustrial Acquisition did not immediately respond to a Reuters request for comment.</p><p><blockquote>Investindustrial Acquisition没有立即回应路透社的置评请求。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://finance.yahoo.com/news/1-italian-luxury-fashion-brand-045737712.html\">Reuters</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/1-italian-luxury-fashion-brand-045737712.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187233426","content_text":"July 19 (Reuters) - Italian luxury fashion group Ermenegildo Zegna has agreed to go public by combining with a special-purpose acquisition company (SPAC) in the United States, giving the business an enterprise value of $3.2 billion, the Financial Times said on Monday.\nThe family-owned fashion brand will raise $880 million by combining with a SPAC launched by European private equity group Investindustrial and chaired by former UBS chief executive Sergio Ermotti, the report said.\nUnder the terms of the deal, Zegna will sell a portion of their holdings and retain 62% of the combined company, which is being given an equity value of $2.5 billion, FT added.\nZegna will merge with the New York-listed entity Investindustrial Acquisition Corp.\nThe investment in the Italian fashion brand will give Investindustrial an 11% stake in the company, FT said.\n\"We could have remained independent for another 100 years, but the moment is appropriate and the world has changed a lot and luxury has become very challenging,\" Chief Executive Officer Gildo Zegna told the FT.\nInvestindustrial Acquisition did not immediately respond to a Reuters request for comment.","news_type":1,"symbols_score_info":{"IIAC":0.9}},"isVote":1,"tweetType":1,"viewCount":538,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142460806,"gmtCreate":1626168745105,"gmtModify":1633929453437,"author":{"id":"3555541900193425","authorId":"3555541900193425","name":"Shank88","avatar":"https://static.tigerbbs.com/a154c05a17a8a27be584e08972979b04","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555541900193425","idStr":"3555541900193425"},"themes":[],"htmlText":"Wow wow wow! Hell of a return for a sovereign fund.","listText":"Wow wow wow! Hell of a return for a sovereign fund.","text":"Wow wow wow! Hell of a return for a sovereign fund.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/142460806","repostId":"1177300400","repostType":4,"repost":{"id":"1177300400","kind":"news","pubTimestamp":1626167696,"share":"https://www.laohu8.com/m/news/1177300400?lang=zh_CN&edition=full","pubTime":"2021-07-13 17:14","market":"sg","language":"en","title":"Temasek Posts 25% Return, Most in 11 Years on Equities Rally<blockquote>淡马锡股价上涨25%,创11年来最高回报率</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1177300400","media":"Bloomberg","summary":"(Bloomberg) -- Temasek Holdings Pte posted its biggest annual return since 2010 after the Singapore ","content":"<p>(Bloomberg) -- Temasek Holdings Pte posted its biggest annual return since 2010 after the Singapore state investor benefited from a rally in global equities.</p><p><blockquote>(彭博)——淡马锡控股私人有限公司公布了自2010年以来最大的年度回报,此前这家新加坡国有投资者受益于全球股市的反弹。</blockquote></p><p> The 25% gain for the fiscal year ended March 31 marks a turnaround from the previous year, when Temasek reported a 2.3% drop after the pandemic triggered a market meltdown. Since then, equity markets have breached record highs as major economies start to re-open.</p><p><blockquote>截至3月31日的财年增长了25%,标志着与上一年相比的转变,当时淡马锡报告称,在疫情引发市场崩溃后,淡马锡股价下跌2.3%。此后,随着主要经济体开始重新开放,股市突破了历史新高。</blockquote></p><p> “We expect the global economy to recover steadily,” said Temasek International Managing Director Fock Wai Hoong, adding that the pace of recovery was uneven thanks to differing vaccine rollouts. “In addition, uncertainty remains around the virulence of new Covid-19 variants and there’s added geopolitical uncertainty as tensions continue between China and the U.S.”</p><p><blockquote>淡马锡国际董事总经理Fock Wai Hoong表示:“我们预计全球经济将稳步复苏。”他补充说,由于疫苗推出的不同,复苏的步伐并不均衡。“此外,新的Covid-19变种的毒力仍然存在不确定性,而且随着中美之间的紧张局势持续,地缘政治的不确定性也增加了。”</blockquote></p><p> Temasek joins other global funds and investors posting outsized gains as economies recover from the deep recessions of 2020. Japan’s Government Pension Investment Fund booked a record 25% return on its investments for the year ended in March, while a Kuwaiti sovereign savings fund had a 33% gain over the same period.</p><p><blockquote>随着经济从2020年的严重衰退中复苏,淡马锡与其他全球基金和投资者一起取得了巨大收益。截至3月份,日本政府养老金投资基金的投资回报率达到创纪录的25%,而科威特主权储蓄基金同期的投资回报率为33%。</blockquote></p><p> Temasek’s net portfolio value stands at S$381 billion ($282 billion), up from S$306 billion a year earlier. China remains its biggest market with investments making up 27% of the portfolio, followed by Singapore at 24%. The Americas accounted for the largest share of new investments during the year, and now make up 20% of the portfolio. The firm’s 10-year annualized return rose to 7%.</p><p><blockquote>淡马锡的投资组合净值为3810亿新元(2820亿美元),高于去年同期的3060亿新元。中国仍然是其最大的市场,投资占投资组合的27%,其次是新加坡,占24%。美洲占这一年新投资的最大份额,目前占投资组合的20%。该公司的10年年化回报率升至7%。</blockquote></p><p> “Last year because we have a March cycle, markets were down at the time, they’re in a better place now, so the public portfolio has done well,” Temasek International joint head of North America Mukul Chawla said. “But so have a number of our private companies,” as a number of those have benefited from public listings.</p><p><blockquote>淡马锡国际北美联席主管Mukul Chawla表示:“去年,因为我们有一个三月周期,当时市场下跌,但现在情况更好,因此公共投资组合表现良好。”“但我们的许多私营公司也是如此”,因为其中许多公司从公开上市中受益。</blockquote></p><p> The improved performance comes despite several of Temasek’s best-known investments facing substantial hurdles. It’s had to buy billions of dollars worth of Singapore Airlines Ltd.’s convertible bonds amid a plunge in travel that led to a record loss of $3.2 billion last year. Still, the airline’s shares rebounded 37% in Temasek’s fiscal year.</p><p><blockquote>尽管淡马锡几项最知名的投资面临重大障碍,但业绩仍有所改善。由于去年旅游业暴跌导致创纪录的32亿美元损失,该公司不得不购买价值数十亿美元的新加坡航空有限公司可转换债券。尽管如此,该航空公司的股价在淡马锡财年仍反弹了37%。</blockquote></p><p> Temasek also faces headwinds in China, where it’s focused on technology, fintech and wealth management. An expected windfall from its backing of Ant Group Co. failed to materialize when its listing was halted in November.</p><p><blockquote>淡马锡在中国也面临着阻力,该公司专注于科技、金融科技和财富管理。当蚂蚁集团公司于11月停止上市时,其支持的预期意外之财未能实现。</blockquote></p><p> Temasek is also an investor in ride-hailing app Didi Global Inc., which saw its share price plummet days after it listed in New York when Chinese regulators ordered it off local app stores.</p><p><blockquote>淡马锡也是网约车应用滴滴出行的投资者,该公司在纽约上市几天后股价暴跌,原因是中国监管机构下令其下架当地应用商店。</blockquote></p><p> Investments in financial services including BlackRock Inc. and Visa Inc. now represent 24% of the portfolio, up from 23% in 2020, followed by telecommunications, media and technology businesses at 21%. Unlisted deals, which made up 48% of assets last year, now stand at 45%.</p><p><blockquote>包括贝莱德公司和Visa Inc.在内的金融服务投资目前占投资组合的24%,高于2020年的23%,其次是电信、媒体和技术业务,占21%。去年非上市交易占资产的48%,现在占45%。</blockquote></p><p></p>","source":"lsy1612507957220","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>Temasek Posts 25% Return, Most in 11 Years on Equities Rally<blockquote>淡马锡股价上涨25%,创11年来最高回报率</blockquote></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\">\nTemasek Posts 25% Return, Most in 11 Years on Equities Rally<blockquote>淡马锡股价上涨25%,创11年来最高回报率</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2021-07-13 17:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Bloomberg) -- Temasek Holdings Pte posted its biggest annual return since 2010 after the Singapore state investor benefited from a rally in global equities.</p><p><blockquote>(彭博)——淡马锡控股私人有限公司公布了自2010年以来最大的年度回报,此前这家新加坡国有投资者受益于全球股市的反弹。</blockquote></p><p> The 25% gain for the fiscal year ended March 31 marks a turnaround from the previous year, when Temasek reported a 2.3% drop after the pandemic triggered a market meltdown. Since then, equity markets have breached record highs as major economies start to re-open.</p><p><blockquote>截至3月31日的财年增长了25%,标志着与上一年相比的转变,当时淡马锡报告称,在疫情引发市场崩溃后,淡马锡股价下跌2.3%。此后,随着主要经济体开始重新开放,股市突破了历史新高。</blockquote></p><p> “We expect the global economy to recover steadily,” said Temasek International Managing Director Fock Wai Hoong, adding that the pace of recovery was uneven thanks to differing vaccine rollouts. “In addition, uncertainty remains around the virulence of new Covid-19 variants and there’s added geopolitical uncertainty as tensions continue between China and the U.S.”</p><p><blockquote>淡马锡国际董事总经理Fock Wai Hoong表示:“我们预计全球经济将稳步复苏。”他补充说,由于疫苗推出的不同,复苏的步伐并不均衡。“此外,新的Covid-19变种的毒力仍然存在不确定性,而且随着中美之间的紧张局势持续,地缘政治的不确定性也增加了。”</blockquote></p><p> Temasek joins other global funds and investors posting outsized gains as economies recover from the deep recessions of 2020. Japan’s Government Pension Investment Fund booked a record 25% return on its investments for the year ended in March, while a Kuwaiti sovereign savings fund had a 33% gain over the same period.</p><p><blockquote>随着经济从2020年的严重衰退中复苏,淡马锡与其他全球基金和投资者一起取得了巨大收益。截至3月份,日本政府养老金投资基金的投资回报率达到创纪录的25%,而科威特主权储蓄基金同期的投资回报率为33%。</blockquote></p><p> Temasek’s net portfolio value stands at S$381 billion ($282 billion), up from S$306 billion a year earlier. China remains its biggest market with investments making up 27% of the portfolio, followed by Singapore at 24%. The Americas accounted for the largest share of new investments during the year, and now make up 20% of the portfolio. The firm’s 10-year annualized return rose to 7%.</p><p><blockquote>淡马锡的投资组合净值为3810亿新元(2820亿美元),高于去年同期的3060亿新元。中国仍然是其最大的市场,投资占投资组合的27%,其次是新加坡,占24%。美洲占这一年新投资的最大份额,目前占投资组合的20%。该公司的10年年化回报率升至7%。</blockquote></p><p> “Last year because we have a March cycle, markets were down at the time, they’re in a better place now, so the public portfolio has done well,” Temasek International joint head of North America Mukul Chawla said. “But so have a number of our private companies,” as a number of those have benefited from public listings.</p><p><blockquote>淡马锡国际北美联席主管Mukul Chawla表示:“去年,因为我们有一个三月周期,当时市场下跌,但现在情况更好,因此公共投资组合表现良好。”“但我们的许多私营公司也是如此”,因为其中许多公司从公开上市中受益。</blockquote></p><p> The improved performance comes despite several of Temasek’s best-known investments facing substantial hurdles. It’s had to buy billions of dollars worth of Singapore Airlines Ltd.’s convertible bonds amid a plunge in travel that led to a record loss of $3.2 billion last year. Still, the airline’s shares rebounded 37% in Temasek’s fiscal year.</p><p><blockquote>尽管淡马锡几项最知名的投资面临重大障碍,但业绩仍有所改善。由于去年旅游业暴跌导致创纪录的32亿美元损失,该公司不得不购买价值数十亿美元的新加坡航空有限公司可转换债券。尽管如此,该航空公司的股价在淡马锡财年仍反弹了37%。</blockquote></p><p> Temasek also faces headwinds in China, where it’s focused on technology, fintech and wealth management. An expected windfall from its backing of Ant Group Co. failed to materialize when its listing was halted in November.</p><p><blockquote>淡马锡在中国也面临着阻力,该公司专注于科技、金融科技和财富管理。当蚂蚁集团公司于11月停止上市时,其支持的预期意外之财未能实现。</blockquote></p><p> Temasek is also an investor in ride-hailing app Didi Global Inc., which saw its share price plummet days after it listed in New York when Chinese regulators ordered it off local app stores.</p><p><blockquote>淡马锡也是网约车应用滴滴出行的投资者,该公司在纽约上市几天后股价暴跌,原因是中国监管机构下令其下架当地应用商店。</blockquote></p><p> Investments in financial services including BlackRock Inc. and Visa Inc. now represent 24% of the portfolio, up from 23% in 2020, followed by telecommunications, media and technology businesses at 21%. Unlisted deals, which made up 48% of assets last year, now stand at 45%.</p><p><blockquote>包括贝莱德公司和Visa Inc.在内的金融服务投资目前占投资组合的24%,高于2020年的23%,其次是电信、媒体和技术业务,占21%。去年非上市交易占资产的48%,现在占45%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://finance.yahoo.com/news/temasek-posts-25-return-most-070000337.html\">Bloomberg</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://finance.yahoo.com/news/temasek-posts-25-return-most-070000337.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177300400","content_text":"(Bloomberg) -- Temasek Holdings Pte posted its biggest annual return since 2010 after the Singapore state investor benefited from a rally in global equities.\nThe 25% gain for the fiscal year ended March 31 marks a turnaround from the previous year, when Temasek reported a 2.3% drop after the pandemic triggered a market meltdown. Since then, equity markets have breached record highs as major economies start to re-open.\n“We expect the global economy to recover steadily,” said Temasek International Managing Director Fock Wai Hoong, adding that the pace of recovery was uneven thanks to differing vaccine rollouts. “In addition, uncertainty remains around the virulence of new Covid-19 variants and there’s added geopolitical uncertainty as tensions continue between China and the U.S.”\nTemasek joins other global funds and investors posting outsized gains as economies recover from the deep recessions of 2020. Japan’s Government Pension Investment Fund booked a record 25% return on its investments for the year ended in March, while a Kuwaiti sovereign savings fund had a 33% gain over the same period.\nTemasek’s net portfolio value stands at S$381 billion ($282 billion), up from S$306 billion a year earlier. China remains its biggest market with investments making up 27% of the portfolio, followed by Singapore at 24%. The Americas accounted for the largest share of new investments during the year, and now make up 20% of the portfolio. The firm’s 10-year annualized return rose to 7%.\n“Last year because we have a March cycle, markets were down at the time, they’re in a better place now, so the public portfolio has done well,” Temasek International joint head of North America Mukul Chawla said. “But so have a number of our private companies,” as a number of those have benefited from public listings.\nThe improved performance comes despite several of Temasek’s best-known investments facing substantial hurdles. It’s had to buy billions of dollars worth of Singapore Airlines Ltd.’s convertible bonds amid a plunge in travel that led to a record loss of $3.2 billion last year. Still, the airline’s shares rebounded 37% in Temasek’s fiscal year.\nTemasek also faces headwinds in China, where it’s focused on technology, fintech and wealth management. An expected windfall from its backing of Ant Group Co. failed to materialize when its listing was halted in November.\nTemasek is also an investor in ride-hailing app Didi Global Inc., which saw its share price plummet days after it listed in New York when Chinese regulators ordered it off local app stores.\nInvestments in financial services including BlackRock Inc. and Visa Inc. now represent 24% of the portfolio, up from 23% in 2020, followed by telecommunications, media and technology businesses at 21%. Unlisted deals, which made up 48% of assets last year, now stand at 45%.","news_type":1,"symbols_score_info":{"STI.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":299,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":133070625,"gmtCreate":1621676294967,"gmtModify":1631884667001,"author":{"id":"3555541900193425","authorId":"3555541900193425","name":"Shank88","avatar":"https://static.tigerbbs.com/a154c05a17a8a27be584e08972979b04","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555541900193425","idStr":"3555541900193425"},"themes":[],"htmlText":"But China had been repeating his.this is old news. What’s the intention?","listText":"But China had been repeating his.this is old news. What’s the intention?","text":"But China had been repeating his.this is old news. What’s the intention?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/133070625","repostId":"1174075999","repostType":4,"isVote":1,"tweetType":1,"viewCount":507,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354296213,"gmtCreate":1617175862332,"gmtModify":1631884063630,"author":{"id":"3555541900193425","authorId":"3555541900193425","name":"Shank88","avatar":"https://static.tigerbbs.com/a154c05a17a8a27be584e08972979b04","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555541900193425","idStr":"3555541900193425"},"themes":[],"htmlText":"Oh no. Not another one","listText":"Oh no. Not another one","text":"Oh no. Not another one","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/354296213","repostId":"1163996400","repostType":4,"isVote":1,"tweetType":1,"viewCount":371,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324765073,"gmtCreate":1616031901392,"gmtModify":1703496616890,"author":{"id":"3555541900193425","authorId":"3555541900193425","name":"Shank88","avatar":"https://static.tigerbbs.com/a154c05a17a8a27be584e08972979b04","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555541900193425","idStr":"3555541900193425"},"themes":[],"htmlText":"Won’t last Long.","listText":"Won’t last Long.","text":"Won’t last Long.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324765073","repostId":"2120131417","repostType":4,"isVote":1,"tweetType":1,"viewCount":558,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144920963,"gmtCreate":1626262677752,"gmtModify":1633928538419,"author":{"id":"3555541900193425","authorId":"3555541900193425","name":"Shank88","avatar":"https://static.tigerbbs.com/a154c05a17a8a27be584e08972979b04","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555541900193425","idStr":"3555541900193425"},"themes":[],"htmlText":"More depression in the real world. Bullish for cannabis","listText":"More depression in the real world. Bullish for cannabis","text":"More depression in the real world. Bullish for cannabis","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/144920963","repostId":"1165083410","repostType":4,"repost":{"id":"1165083410","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1626256074,"share":"https://www.laohu8.com/m/news/1165083410?lang=zh_CN&edition=full","pubTime":"2021-07-14 17:47","market":"us","language":"en","title":"Cannabis stocks gains in premarket trading,as senators unveiling plan to end federal prohibition of cannabis.<blockquote>随着参议员公布结束联邦大麻禁令的计划,大麻股在盘前交易中上涨。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1165083410","media":"Tiger Newspress","summary":"Cannabis stocks gains in premarket trading,as senators unveiling plan to end federal prohibition of ","content":"<p>Cannabis stocks gains in premarket trading,as senators unveiling plan to end federal prohibition of cannabis.</p><p><blockquote>随着参议员公布结束联邦大麻禁令的计划,大麻股在盘前交易中上涨。</blockquote></p><p> SNDL shares rises 4% in premarket, TLRY and ACB shares are up 2%.</p><p><blockquote>SNDL股价盘前上涨4%,TLRY和ACB股价上涨2%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/231cd44d5edcf10717dd42ede4ccbed1\" tg-width=\"1289\" tg-height=\"593\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Senate Majority Leader Chuck Schumer (D., N.Y.), Sen. Ron Wyden (D., Oreg.) and Sen. Cory Booker (D., N.J.) are unveiling a discussion draft of their legislation to end the federal prohibition of marijuana. The senators will detail their plan at a press conference on July 14.</p><p><blockquote>参议院多数党领袖查克·舒默(纽约州民主党)、参议员罗恩·怀登(俄勒冈州民主党)。)和新泽西州民主党参议员科里·布克(Cory Booker)公布了一份结束联邦大麻禁令的立法讨论草案。参议员们将在7月14日的新闻发布会上详细介绍他们的计划。</blockquote></p><p> The proposal— known as the Cannabis Administration and Opportunity Act — calls for removing cannabis from the federal list of controlled substances, allowing states to make their own decisions on cannabis. Many states have already moved to legalize recreational or medicinal marijuana use, but it still remains illegal under federal law.</p><p><blockquote>该提案被称为《大麻管理和机会法案》,评级将大麻从联邦受控物质清单中删除,允许各州就大麻做出自己的决定。许多州已经采取行动将娱乐性或医用大麻使用合法化,但根据联邦法律,这仍然是非法的。</blockquote></p><p> \"By ending the failed federal prohibition of cannabis, the Cannabis Administration and Opportunity Act will ensure that Americans – especially Black and Brown Americans – no longer have to fear arrest or be barred from public housing or federal financial aid for higher education for using cannabis in states where it’s legal,\" reads the discussion draft. \"State-compliant cannabis businesses will finally be treated like other businesses and allowed access to essential financial services, like bank accounts and loans. Medical research will no longer be stifled.\"</p><p><blockquote>“通过结束失败的联邦大麻禁令,《大麻管理和机会法案》将确保美国人——尤其是黑人和棕色人种美国人——不再担心因使用大麻而被捕或被禁止获得公共住房或联邦高等教育财政援助。在合法的州,”讨论草案中写道。“符合国家规定的大麻企业最终将像其他企业一样受到对待,并被允许获得基本的金融服务,例如银行账户和贷款。医学研究将不再受到抑制。”</blockquote></p><p> The proposal establishes 21 as the minimum age to purchase cannabis and limits retail sales to no more than 10 ounces of cannabis. It calls for federal agencies to research the impacts of cannabis use, legalization and cannabis-impaired driving — including research to establish an impairment standard for driving under the influence of cannabis.</p><p><blockquote>该提案将21岁定为购买大麻的最低年龄,并将大麻的零售额限制在不超过10盎司。评级是联邦机构研究大麻使用、合法化和大麻损害驾驶的影响,包括研究建立大麻影响下驾驶的损害标准。</blockquote></p><p> The Democratic trio has been working on the legislation for months. In an interview withYahoo Financeshortly after they announced their plan to work on the proposal, Sen. Wyden said Congress should \"finally recognize that the War on Drugs has failed.\"</p><p><blockquote>民主党三人组已经为这项立法工作了几个月。在宣布制定该提案的计划后不久,怀登参议员在接受雅虎财经采访时表示,国会应该“最终认识到禁毒战争已经失败”。</blockquote></p><p> The plan would require expungement of federal non-violent cannabis convictions and encourage state and local governments to do the same. It would keep people from being denied federal benefits — such as housing or federal financial aid — because of cannabis use or possession. People who are not U.S. citizens could not be denied benefits or protection under immigration laws.</p><p><blockquote>该计划将要求删除联邦非暴力大麻定罪,并鼓励州和地方政府也这样做。它将防止人们因为使用或持有大麻而被剥夺联邦福利,如住房或联邦财政援助。根据移民法,非美国公民不能被剥夺福利或保护。</blockquote></p><p> The plan would also create new grant programs to fund nonprofits that help people who have been \"adversely impacted by the War on Drugs.\" It would make loans available to small businesses in the cannabis industry and help states and localities implement cannabis licensing programs.</p><p><blockquote>该计划还将创建新的拨款计划,为帮助“受到毒品战争不利影响”的人们的非营利组织提供资金。它将向大麻行业的小企业提供贷款,并帮助各州和地方实施大麻许可计划。</blockquote></p><p> President Joe Biden backed decriminalization of marijuana on the campaign trail, but the White House has not backed legalization efforts. In December, the Housepassed the MORE Act— which would remove marijuana from the controlled substance list and create restorative justice programs. Earlier this year, Rep. Jerry Nadler (D., N.Y.)reintroducedthe legislation.</p><p><blockquote>乔·拜登总统在竞选中支持大麻合法化,但白宫不支持大麻合法化的努力。去年12月,众议院通过了MORE法案——该法案将大麻从受控物质清单中删除,并创建恢复性司法计划。今年早些时候,纽约州民主党众议员杰里·纳德勒重新提出了这项立法。</blockquote></p><p> The senators are asking for input on the proposal by Sept. 1, so they can consider feedback before crafting the final bill. The proposal faces a difficult vote in the evenly-divided Senate.</p><p><blockquote>参议员们要求在9月1日之前对该提案提出意见,以便他们可以在起草最终法案之前考虑反馈。该提案在平分秋色的参议院面临艰难的投票。</blockquote></p><p></p>","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>Cannabis stocks gains in premarket trading,as senators unveiling plan to end federal prohibition of cannabis.<blockquote>随着参议员公布结束联邦大麻禁令的计划,大麻股在盘前交易中上涨。</blockquote></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\">\nCannabis stocks gains in premarket trading,as senators unveiling plan to end federal prohibition of cannabis.<blockquote>随着参议员公布结束联邦大麻禁令的计划,大麻股在盘前交易中上涨。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-07-14 17:47</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Cannabis stocks gains in premarket trading,as senators unveiling plan to end federal prohibition of cannabis.</p><p><blockquote>随着参议员公布结束联邦大麻禁令的计划,大麻股在盘前交易中上涨。</blockquote></p><p> SNDL shares rises 4% in premarket, TLRY and ACB shares are up 2%.</p><p><blockquote>SNDL股价盘前上涨4%,TLRY和ACB股价上涨2%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/231cd44d5edcf10717dd42ede4ccbed1\" tg-width=\"1289\" tg-height=\"593\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Senate Majority Leader Chuck Schumer (D., N.Y.), Sen. Ron Wyden (D., Oreg.) and Sen. Cory Booker (D., N.J.) are unveiling a discussion draft of their legislation to end the federal prohibition of marijuana. The senators will detail their plan at a press conference on July 14.</p><p><blockquote>参议院多数党领袖查克·舒默(纽约州民主党)、参议员罗恩·怀登(俄勒冈州民主党)。)和新泽西州民主党参议员科里·布克(Cory Booker)公布了一份结束联邦大麻禁令的立法讨论草案。参议员们将在7月14日的新闻发布会上详细介绍他们的计划。</blockquote></p><p> The proposal— known as the Cannabis Administration and Opportunity Act — calls for removing cannabis from the federal list of controlled substances, allowing states to make their own decisions on cannabis. Many states have already moved to legalize recreational or medicinal marijuana use, but it still remains illegal under federal law.</p><p><blockquote>该提案被称为《大麻管理和机会法案》,评级将大麻从联邦受控物质清单中删除,允许各州就大麻做出自己的决定。许多州已经采取行动将娱乐性或医用大麻使用合法化,但根据联邦法律,这仍然是非法的。</blockquote></p><p> \"By ending the failed federal prohibition of cannabis, the Cannabis Administration and Opportunity Act will ensure that Americans – especially Black and Brown Americans – no longer have to fear arrest or be barred from public housing or federal financial aid for higher education for using cannabis in states where it’s legal,\" reads the discussion draft. \"State-compliant cannabis businesses will finally be treated like other businesses and allowed access to essential financial services, like bank accounts and loans. Medical research will no longer be stifled.\"</p><p><blockquote>“通过结束失败的联邦大麻禁令,《大麻管理和机会法案》将确保美国人——尤其是黑人和棕色人种美国人——不再担心因使用大麻而被捕或被禁止获得公共住房或联邦高等教育财政援助。在合法的州,”讨论草案中写道。“符合国家规定的大麻企业最终将像其他企业一样受到对待,并被允许获得基本的金融服务,例如银行账户和贷款。医学研究将不再受到抑制。”</blockquote></p><p> The proposal establishes 21 as the minimum age to purchase cannabis and limits retail sales to no more than 10 ounces of cannabis. It calls for federal agencies to research the impacts of cannabis use, legalization and cannabis-impaired driving — including research to establish an impairment standard for driving under the influence of cannabis.</p><p><blockquote>该提案将21岁定为购买大麻的最低年龄,并将大麻的零售额限制在不超过10盎司。评级是联邦机构研究大麻使用、合法化和大麻损害驾驶的影响,包括研究建立大麻影响下驾驶的损害标准。</blockquote></p><p> The Democratic trio has been working on the legislation for months. In an interview withYahoo Financeshortly after they announced their plan to work on the proposal, Sen. Wyden said Congress should \"finally recognize that the War on Drugs has failed.\"</p><p><blockquote>民主党三人组已经为这项立法工作了几个月。在宣布制定该提案的计划后不久,怀登参议员在接受雅虎财经采访时表示,国会应该“最终认识到禁毒战争已经失败”。</blockquote></p><p> The plan would require expungement of federal non-violent cannabis convictions and encourage state and local governments to do the same. It would keep people from being denied federal benefits — such as housing or federal financial aid — because of cannabis use or possession. People who are not U.S. citizens could not be denied benefits or protection under immigration laws.</p><p><blockquote>该计划将要求删除联邦非暴力大麻定罪,并鼓励州和地方政府也这样做。它将防止人们因为使用或持有大麻而被剥夺联邦福利,如住房或联邦财政援助。根据移民法,非美国公民不能被剥夺福利或保护。</blockquote></p><p> The plan would also create new grant programs to fund nonprofits that help people who have been \"adversely impacted by the War on Drugs.\" It would make loans available to small businesses in the cannabis industry and help states and localities implement cannabis licensing programs.</p><p><blockquote>该计划还将创建新的拨款计划,为帮助“受到毒品战争不利影响”的人们的非营利组织提供资金。它将向大麻行业的小企业提供贷款,并帮助各州和地方实施大麻许可计划。</blockquote></p><p> President Joe Biden backed decriminalization of marijuana on the campaign trail, but the White House has not backed legalization efforts. In December, the Housepassed the MORE Act— which would remove marijuana from the controlled substance list and create restorative justice programs. Earlier this year, Rep. Jerry Nadler (D., N.Y.)reintroducedthe legislation.</p><p><blockquote>乔·拜登总统在竞选中支持大麻合法化,但白宫不支持大麻合法化的努力。去年12月,众议院通过了MORE法案——该法案将大麻从受控物质清单中删除,并创建恢复性司法计划。今年早些时候,纽约州民主党众议员杰里·纳德勒重新提出了这项立法。</blockquote></p><p> The senators are asking for input on the proposal by Sept. 1, so they can consider feedback before crafting the final bill. The proposal faces a difficult vote in the evenly-divided Senate.</p><p><blockquote>参议员们要求在9月1日之前对该提案提出意见,以便他们可以在起草最终法案之前考虑反馈。该提案在平分秋色的参议院面临艰难的投票。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNDL":"SNDL Inc.","TLRY":"Tilray Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165083410","content_text":"Cannabis stocks gains in premarket trading,as senators unveiling plan to end federal prohibition of cannabis.\nSNDL shares rises 4% in premarket, TLRY and ACB shares are up 2%.\n\nSenate Majority Leader Chuck Schumer (D., N.Y.), Sen. Ron Wyden (D., Oreg.) and Sen. Cory Booker (D., N.J.) are unveiling a discussion draft of their legislation to end the federal prohibition of marijuana. The senators will detail their plan at a press conference on July 14.\nThe proposal— known as the Cannabis Administration and Opportunity Act — calls for removing cannabis from the federal list of controlled substances, allowing states to make their own decisions on cannabis. Many states have already moved to legalize recreational or medicinal marijuana use, but it still remains illegal under federal law.\n\"By ending the failed federal prohibition of cannabis, the Cannabis Administration and Opportunity Act will ensure that Americans – especially Black and Brown Americans – no longer have to fear arrest or be barred from public housing or federal financial aid for higher education for using cannabis in states where it’s legal,\" reads the discussion draft. \"State-compliant cannabis businesses will finally be treated like other businesses and allowed access to essential financial services, like bank accounts and loans. Medical research will no longer be stifled.\"\nThe proposal establishes 21 as the minimum age to purchase cannabis and limits retail sales to no more than 10 ounces of cannabis. It calls for federal agencies to research the impacts of cannabis use, legalization and cannabis-impaired driving — including research to establish an impairment standard for driving under the influence of cannabis.\nThe Democratic trio has been working on the legislation for months. In an interview withYahoo Financeshortly after they announced their plan to work on the proposal, Sen. Wyden said Congress should \"finally recognize that the War on Drugs has failed.\"\nThe plan would require expungement of federal non-violent cannabis convictions and encourage state and local governments to do the same. It would keep people from being denied federal benefits — such as housing or federal financial aid — because of cannabis use or possession. People who are not U.S. citizens could not be denied benefits or protection under immigration laws.\nThe plan would also create new grant programs to fund nonprofits that help people who have been \"adversely impacted by the War on Drugs.\" It would make loans available to small businesses in the cannabis industry and help states and localities implement cannabis licensing programs.\nPresident Joe Biden backed decriminalization of marijuana on the campaign trail, but the White House has not backed legalization efforts. In December, the Housepassed the MORE Act— which would remove marijuana from the controlled substance list and create restorative justice programs. Earlier this year, Rep. Jerry Nadler (D., N.Y.)reintroducedthe legislation.\nThe senators are asking for input on the proposal by Sept. 1, so they can consider feedback before crafting the final bill. The proposal faces a difficult vote in the evenly-divided Senate.","news_type":1,"symbols_score_info":{"SNDL":0.9,"TLRY":0.9}},"isVote":1,"tweetType":1,"viewCount":527,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111313753,"gmtCreate":1622652053672,"gmtModify":1634099516786,"author":{"id":"3555541900193425","authorId":"3555541900193425","name":"Shank88","avatar":"https://static.tigerbbs.com/a154c05a17a8a27be584e08972979b04","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555541900193425","idStr":"3555541900193425"},"themes":[],"htmlText":"Make sense? Seems like no sense to me.","listText":"Make sense? Seems like no sense to me.","text":"Make sense? Seems like no sense to me.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/111313753","repostId":"1188552613","repostType":4,"repost":{"id":"1188552613","kind":"news","pubTimestamp":1622627641,"share":"https://www.laohu8.com/m/news/1188552613?lang=zh_CN&edition=full","pubTime":"2021-06-02 17:54","market":"us","language":"en","title":"AMC Stock Is Surging Again. How to Make Sense of the Move.<blockquote>AMC股价再次飙升。如何理解这一举动。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1188552613","media":"Barrons","summary":"AMC Entertainment‘s skyrocketing stock price would be easy to dismiss as just meme-trade madness, th","content":"<p>AMC Entertainment‘s skyrocketing stock price would be easy to dismiss as just meme-trade madness, that social media-fueled investor frenzy that has launched the likes of GameStop and BlackBerry into speculative territory.</p><p><blockquote>AMC院线股价飙升很容易被视为迷因交易疯狂,社交媒体推动的投资者狂热将游戏驿站和黑莓等公司带入了投机领域。</blockquote></p><p> But it’s possible that traditional investors have missed a fundamental change in the movie theater business—and it wouldn’t be the first time.</p><p><blockquote>但传统投资者可能错过了电影院业务的根本性变化——而且这已经不是第一次了。</blockquote></p><p> Shares of AMC (ticker: AMC) surged 23% on Tuesday, closing at $32.04—just off an all-time high of $36.72 set in late May. That puts the movie-theater chain’s market capitalization at roughly $16 billion, more than 15 times what it was in 2018, a record-breaking year at the box office. Shares were up another 34%, to $42.92, in premarket trading Wednesday.</p><p><blockquote>AMC(股票代码:AMC)股价周二飙升23%,收于32.04美元,略低于5月底创下的36.72美元的历史高点。这使得这家连锁影院的市值约为160亿美元,是2018年票房破纪录的一年的15倍多。周三盘前交易中,该公司股价又上涨34%,至42.92美元。</blockquote></p><p> Even if investors missed an inflection point, though, the math doesn’t add up. The reason might be that market cap isn’t the right measure. Maybe it’s enterprise value, which is essentially market cap and debt. AMC’s enterprise value is about $26 billion, compared with $6.2 billion or so at the end of 2018.</p><p><blockquote>不过,即使投资者错过了拐点,数学也不成立。原因可能是市值不是正确的衡量标准。也许是企业价值,本质上是市值和债务。AMC的企业价值约为260亿美元,而2018年底为62亿美元左右。</blockquote></p><p> AMC added debt during the pandemic as theaters in the country’s biggest cities were dark for months. And the numbers make it easy to understand why: The U.S. box office in 2020 generated about $2.1 billion in ticket sales, down 81% from the 2018 record of $11.9 billion.</p><p><blockquote>AMC在疫情期间增加了债务,因为该国最大城市的影院连续几个月处于黑暗之中。这些数字很容易理解原因:2020年美国票房收入约为21亿美元,比2018年创纪录的119亿美元下降了81%。</blockquote></p><p> So, it seems investors have been vexed by movie theater economics. But it wouldn’t be the first time. The industry essentially went belly up at the turn of the millennium. Regal Cinemas, for instance, declared bankruptcy in 2001.</p><p><blockquote>因此,投资者似乎对电影院经济感到恼火。但这不是第一次了。这个行业在世纪之交基本上破产了。例如,富豪影院于2001年宣布破产。</blockquote></p><p> Back then, the industry had plenty of capacity because of a new theater design—stadium seating that gave a better view of the screen. That shift meant movie theater chains had to renovate or risk losing all their patrons to movie theaters that offered the better view. In the end, too many seats and not enough patrons meant the return on the stadium-seating investments never materialized.</p><p><blockquote>当时,该行业有足够的容量,因为一种新的剧院设计——体育场座位可以更好地观看屏幕。这种转变意味着连锁电影院必须进行翻新,否则就有可能将所有顾客流失到视野更好的电影院。最终,太多的座位和不够的顾客意味着体育场座位投资的回报从未实现。</blockquote></p><p> The upshot was consolidation. With fewer operators, the number of screens stabilized. Between 2002 and 2007, Regal Cinemas became a cash-generating machine because the stock was mispriced. The stock returned 21% a year on average. The S&P 500 and Dow Jones Industrial Average both returned less than 9% a year on average over the same period.</p><p><blockquote>结果是整合。随着操作员的减少,屏幕数量稳定下来。2002年至2007年间,Regal Cinemas因股票定价错误而成为现金产生机器。该股平均每年回报率为21%。同期,标普500和道琼斯工业平均指数的平均年回报率均低于9%。</blockquote></p><p> In those days, Regal Cinema’s enterprise value about $5 billion, or about 50% of total U.S. box office sales. That’s far short of AMC today. Something new has to be different for AMC to be worth it.</p><p><blockquote>当年,富豪影院的企业价值约为50亿美元,约占美国票房总收入的50%。这与今天的AMC相去甚远。新的东西必须与众不同,AMC才值得。</blockquote></p><p> Maybe the movie theater business is going to go through another period of consolidation, which can usher in another golden age of returns. AMC’s Tuesday gains, in fact, were catalyzed by new capital raised so the company could go on the offensive, acquiring defunct chains. Monopolies, after all, can be good for stock returns.</p><p><blockquote>也许电影院业务又要经历一段盘整期,可以迎来又一个回报的黄金时代。事实上,AMC周二的上涨是由筹集的新资本推动的,因此该公司可以继续进攻,收购已倒闭的连锁店。毕竟,垄断有利于股票回报。</blockquote></p><p> If AMC can increase market share and the U.S. box office sales can return to 2018 levels in a few years, total sales at might be $9 billion—$6 billion from tickets and $3 billion from concessions. Sales in 2018 amounted to $5.5 billion.</p><p><blockquote>如果AMC能够增加市场份额,并且美国票房销售额能够在几年内恢复到2018年的水平,那么总销售额可能会达到90亿美元——60亿美元来自门票,30亿美元来自特许经营。2018年销售额达55亿美元。</blockquote></p><p> Then, with better gross profit margins derived from larger scale, AMC might be able to generate $600 million in free cash flow annually, which puts the stock at about a 4% free cash flow yield. The S&P 500 trades for about a 3% free cash flow yield. The numbers can work—if they’re stretched.</p><p><blockquote>然后,随着规模的扩大带来更好的毛利率,AMC每年可能能够产生6亿美元的自由现金流,这使得该股的自由现金流收益率约为4%。标普500的自由现金流收益率约为3%。这些数字可以发挥作用——如果它们被拉伸的话。</blockquote></p><p> There are problems with this scenario, though. There are lots of ifs and mights—and AMC has never generated cash flow like that in the past. Arriving at $600 million in free cash flow is more about justifying current valuations than predicting what is likely.</p><p><blockquote>不过,这种情况存在问题。有很多如果和可能——AMC过去从未产生过这样的现金流。达到6亿美元的自由现金流更多的是为了证明当前估值的合理性,而不是预测可能发生的情况。</blockquote></p><p> Also, with mergers and acquisitions, AMC market shares might rise, but there are still competitors. Regal Cinemas is still out there, owned by Cineworld Holdings (CINE. London). So is Cinemark (CNK). There’s not a true monopoly.</p><p><blockquote>此外,通过并购,AMC的市场份额可能会上升,但仍然存在竞争对手。富豪影院仍然存在,归电影世界控股公司所有。伦敦)。喜满客(CNK)也是如此。没有真正的垄断。</blockquote></p><p> AMC and its peers have to deal with streaming, too. Windows for exclusive theater showings are shrinking. The pandemic has accelerated that. And if AMC gets too large and demanding for movie makers, the talent can always go to streaming faster, hurting box office sales.</p><p><blockquote>AMC及其同行也必须应对流媒体问题。独家影院放映的窗口正在缩小。疫情加速了这一点。如果AMC变得太大,对电影制作人的要求太高,人才总是可以更快地转向流媒体,从而损害票房销售。</blockquote></p><p> There is also the problem of the peer stocks. They aren’t trading like this is a brave new world for theaters. Cineworld stock is up 484% from its 52-week low, but shares are still off 72% from all-time highs. Cinemark shares are up 222% from their 52-week low. They are down 47% from their all-time high.</p><p><blockquote>还有同行股票的问题。他们并不认为这是剧院的一个勇敢的新世界。Cineworld股价较52周低点上涨484%,但仍较历史高点下跌72%。喜满客股价较52周低点上涨222%。它们比历史高点下跌了47%。</blockquote></p><p> AMC stock, again, is up almost 1,600% from its 52-week low and is down just 13% from its May all-time high.</p><p><blockquote>AMC股价再次较52周低点上涨近1,600%,较5月份历史高点仅下跌13%。</blockquote></p><p> Wall Street just doesn’t see the potential either. Nine analysts cover the stock. The average analyst price target is about $5. Before the pandemic, the average analyst price target was $15. But there were fewer shares back then. The old target enterprise value was roughly $7 billion. It’s tough to get from $7 billion to $26 billion predicting better margins.</p><p><blockquote>华尔街也没有看到潜力。九名分析师关注该股。分析师平均目标价约为5美元。在疫情爆发之前,分析师的平均目标价为15美元。但当时股票较少。旧的目标企业价值约为70亿美元。很难从70亿美元增加到260亿美元来预测更好的利润率。</blockquote></p><p></p><p> Analysts do have positive free cash flow modeled, though–$13 million in 2022 and $90 million in 2023. That’s a long way from $600 million.</p><p><blockquote>不过,分析师确实模拟了正自由现金流——2022年为1300万美元,2023年为9000万美元。这距离6亿美元还有很长的路要走。</blockquote></p><p> And that’s just another way of saying that AMC bulls are a long way from making the math work.</p><p><blockquote>这只是AMC多头距离实现数学计算还有很长的路要走的另一种说法。</blockquote></p><p></p>","source":"lsy1601382232898","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>AMC Stock Is Surging Again. How to Make Sense of the Move.<blockquote>AMC股价再次飙升。如何理解这一举动。</blockquote></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\">\nAMC Stock Is Surging Again. How to Make Sense of the Move.<blockquote>AMC股价再次飙升。如何理解这一举动。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-06-02 17:54</span>\n</p>\n</h4>\n</header>\n<article>\n<p>AMC Entertainment‘s skyrocketing stock price would be easy to dismiss as just meme-trade madness, that social media-fueled investor frenzy that has launched the likes of GameStop and BlackBerry into speculative territory.</p><p><blockquote>AMC院线股价飙升很容易被视为迷因交易疯狂,社交媒体推动的投资者狂热将游戏驿站和黑莓等公司带入了投机领域。</blockquote></p><p> But it’s possible that traditional investors have missed a fundamental change in the movie theater business—and it wouldn’t be the first time.</p><p><blockquote>但传统投资者可能错过了电影院业务的根本性变化——而且这已经不是第一次了。</blockquote></p><p> Shares of AMC (ticker: AMC) surged 23% on Tuesday, closing at $32.04—just off an all-time high of $36.72 set in late May. That puts the movie-theater chain’s market capitalization at roughly $16 billion, more than 15 times what it was in 2018, a record-breaking year at the box office. Shares were up another 34%, to $42.92, in premarket trading Wednesday.</p><p><blockquote>AMC(股票代码:AMC)股价周二飙升23%,收于32.04美元,略低于5月底创下的36.72美元的历史高点。这使得这家连锁影院的市值约为160亿美元,是2018年票房破纪录的一年的15倍多。周三盘前交易中,该公司股价又上涨34%,至42.92美元。</blockquote></p><p> Even if investors missed an inflection point, though, the math doesn’t add up. The reason might be that market cap isn’t the right measure. Maybe it’s enterprise value, which is essentially market cap and debt. AMC’s enterprise value is about $26 billion, compared with $6.2 billion or so at the end of 2018.</p><p><blockquote>不过,即使投资者错过了拐点,数学也不成立。原因可能是市值不是正确的衡量标准。也许是企业价值,本质上是市值和债务。AMC的企业价值约为260亿美元,而2018年底为62亿美元左右。</blockquote></p><p> AMC added debt during the pandemic as theaters in the country’s biggest cities were dark for months. And the numbers make it easy to understand why: The U.S. box office in 2020 generated about $2.1 billion in ticket sales, down 81% from the 2018 record of $11.9 billion.</p><p><blockquote>AMC在疫情期间增加了债务,因为该国最大城市的影院连续几个月处于黑暗之中。这些数字很容易理解原因:2020年美国票房收入约为21亿美元,比2018年创纪录的119亿美元下降了81%。</blockquote></p><p> So, it seems investors have been vexed by movie theater economics. But it wouldn’t be the first time. The industry essentially went belly up at the turn of the millennium. Regal Cinemas, for instance, declared bankruptcy in 2001.</p><p><blockquote>因此,投资者似乎对电影院经济感到恼火。但这不是第一次了。这个行业在世纪之交基本上破产了。例如,富豪影院于2001年宣布破产。</blockquote></p><p> Back then, the industry had plenty of capacity because of a new theater design—stadium seating that gave a better view of the screen. That shift meant movie theater chains had to renovate or risk losing all their patrons to movie theaters that offered the better view. In the end, too many seats and not enough patrons meant the return on the stadium-seating investments never materialized.</p><p><blockquote>当时,该行业有足够的容量,因为一种新的剧院设计——体育场座位可以更好地观看屏幕。这种转变意味着连锁电影院必须进行翻新,否则就有可能将所有顾客流失到视野更好的电影院。最终,太多的座位和不够的顾客意味着体育场座位投资的回报从未实现。</blockquote></p><p> The upshot was consolidation. With fewer operators, the number of screens stabilized. Between 2002 and 2007, Regal Cinemas became a cash-generating machine because the stock was mispriced. The stock returned 21% a year on average. The S&P 500 and Dow Jones Industrial Average both returned less than 9% a year on average over the same period.</p><p><blockquote>结果是整合。随着操作员的减少,屏幕数量稳定下来。2002年至2007年间,Regal Cinemas因股票定价错误而成为现金产生机器。该股平均每年回报率为21%。同期,标普500和道琼斯工业平均指数的平均年回报率均低于9%。</blockquote></p><p> In those days, Regal Cinema’s enterprise value about $5 billion, or about 50% of total U.S. box office sales. That’s far short of AMC today. Something new has to be different for AMC to be worth it.</p><p><blockquote>当年,富豪影院的企业价值约为50亿美元,约占美国票房总收入的50%。这与今天的AMC相去甚远。新的东西必须与众不同,AMC才值得。</blockquote></p><p> Maybe the movie theater business is going to go through another period of consolidation, which can usher in another golden age of returns. AMC’s Tuesday gains, in fact, were catalyzed by new capital raised so the company could go on the offensive, acquiring defunct chains. Monopolies, after all, can be good for stock returns.</p><p><blockquote>也许电影院业务又要经历一段盘整期,可以迎来又一个回报的黄金时代。事实上,AMC周二的上涨是由筹集的新资本推动的,因此该公司可以继续进攻,收购已倒闭的连锁店。毕竟,垄断有利于股票回报。</blockquote></p><p> If AMC can increase market share and the U.S. box office sales can return to 2018 levels in a few years, total sales at might be $9 billion—$6 billion from tickets and $3 billion from concessions. Sales in 2018 amounted to $5.5 billion.</p><p><blockquote>如果AMC能够增加市场份额,并且美国票房销售额能够在几年内恢复到2018年的水平,那么总销售额可能会达到90亿美元——60亿美元来自门票,30亿美元来自特许经营。2018年销售额达55亿美元。</blockquote></p><p> Then, with better gross profit margins derived from larger scale, AMC might be able to generate $600 million in free cash flow annually, which puts the stock at about a 4% free cash flow yield. The S&P 500 trades for about a 3% free cash flow yield. The numbers can work—if they’re stretched.</p><p><blockquote>然后,随着规模的扩大带来更好的毛利率,AMC每年可能能够产生6亿美元的自由现金流,这使得该股的自由现金流收益率约为4%。标普500的自由现金流收益率约为3%。这些数字可以发挥作用——如果它们被拉伸的话。</blockquote></p><p> There are problems with this scenario, though. There are lots of ifs and mights—and AMC has never generated cash flow like that in the past. Arriving at $600 million in free cash flow is more about justifying current valuations than predicting what is likely.</p><p><blockquote>不过,这种情况存在问题。有很多如果和可能——AMC过去从未产生过这样的现金流。达到6亿美元的自由现金流更多的是为了证明当前估值的合理性,而不是预测可能发生的情况。</blockquote></p><p> Also, with mergers and acquisitions, AMC market shares might rise, but there are still competitors. Regal Cinemas is still out there, owned by Cineworld Holdings (CINE. London). So is Cinemark (CNK). There’s not a true monopoly.</p><p><blockquote>此外,通过并购,AMC的市场份额可能会上升,但仍然存在竞争对手。富豪影院仍然存在,归电影世界控股公司所有。伦敦)。喜满客(CNK)也是如此。没有真正的垄断。</blockquote></p><p> AMC and its peers have to deal with streaming, too. Windows for exclusive theater showings are shrinking. The pandemic has accelerated that. And if AMC gets too large and demanding for movie makers, the talent can always go to streaming faster, hurting box office sales.</p><p><blockquote>AMC及其同行也必须应对流媒体问题。独家影院放映的窗口正在缩小。疫情加速了这一点。如果AMC变得太大,对电影制作人的要求太高,人才总是可以更快地转向流媒体,从而损害票房销售。</blockquote></p><p> There is also the problem of the peer stocks. They aren’t trading like this is a brave new world for theaters. Cineworld stock is up 484% from its 52-week low, but shares are still off 72% from all-time highs. Cinemark shares are up 222% from their 52-week low. They are down 47% from their all-time high.</p><p><blockquote>还有同行股票的问题。他们并不认为这是剧院的一个勇敢的新世界。Cineworld股价较52周低点上涨484%,但仍较历史高点下跌72%。喜满客股价较52周低点上涨222%。它们比历史高点下跌了47%。</blockquote></p><p> AMC stock, again, is up almost 1,600% from its 52-week low and is down just 13% from its May all-time high.</p><p><blockquote>AMC股价再次较52周低点上涨近1,600%,较5月份历史高点仅下跌13%。</blockquote></p><p> Wall Street just doesn’t see the potential either. Nine analysts cover the stock. The average analyst price target is about $5. Before the pandemic, the average analyst price target was $15. But there were fewer shares back then. The old target enterprise value was roughly $7 billion. It’s tough to get from $7 billion to $26 billion predicting better margins.</p><p><blockquote>华尔街也没有看到潜力。九名分析师关注该股。分析师平均目标价约为5美元。在疫情爆发之前,分析师的平均目标价为15美元。但当时股票较少。旧的目标企业价值约为70亿美元。很难从70亿美元增加到260亿美元来预测更好的利润率。</blockquote></p><p></p><p> Analysts do have positive free cash flow modeled, though–$13 million in 2022 and $90 million in 2023. That’s a long way from $600 million.</p><p><blockquote>不过,分析师确实模拟了正自由现金流——2022年为1300万美元,2023年为9000万美元。这距离6亿美元还有很长的路要走。</blockquote></p><p> And that’s just another way of saying that AMC bulls are a long way from making the math work.</p><p><blockquote>这只是AMC多头距离实现数学计算还有很长的路要走的另一种说法。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.barrons.com/articles/amc-rockets-higher-is-it-worth-it-maybe-51622594691?mod=hp_LEAD_1\">Barrons</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.barrons.com/articles/amc-rockets-higher-is-it-worth-it-maybe-51622594691?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188552613","content_text":"AMC Entertainment‘s skyrocketing stock price would be easy to dismiss as just meme-trade madness, that social media-fueled investor frenzy that has launched the likes of GameStop and BlackBerry into speculative territory.\nBut it’s possible that traditional investors have missed a fundamental change in the movie theater business—and it wouldn’t be the first time.\nShares of AMC (ticker: AMC) surged 23% on Tuesday, closing at $32.04—just off an all-time high of $36.72 set in late May. That puts the movie-theater chain’s market capitalization at roughly $16 billion, more than 15 times what it was in 2018, a record-breaking year at the box office. Shares were up another 34%, to $42.92, in premarket trading Wednesday.\nEven if investors missed an inflection point, though, the math doesn’t add up. The reason might be that market cap isn’t the right measure. Maybe it’s enterprise value, which is essentially market cap and debt. AMC’s enterprise value is about $26 billion, compared with $6.2 billion or so at the end of 2018.\nAMC added debt during the pandemic as theaters in the country’s biggest cities were dark for months. And the numbers make it easy to understand why: The U.S. box office in 2020 generated about $2.1 billion in ticket sales, down 81% from the 2018 record of $11.9 billion.\nSo, it seems investors have been vexed by movie theater economics. But it wouldn’t be the first time. The industry essentially went belly up at the turn of the millennium. Regal Cinemas, for instance, declared bankruptcy in 2001.\nBack then, the industry had plenty of capacity because of a new theater design—stadium seating that gave a better view of the screen. That shift meant movie theater chains had to renovate or risk losing all their patrons to movie theaters that offered the better view. In the end, too many seats and not enough patrons meant the return on the stadium-seating investments never materialized.\nThe upshot was consolidation. With fewer operators, the number of screens stabilized. Between 2002 and 2007, Regal Cinemas became a cash-generating machine because the stock was mispriced. The stock returned 21% a year on average. The S&P 500 and Dow Jones Industrial Average both returned less than 9% a year on average over the same period.\nIn those days, Regal Cinema’s enterprise value about $5 billion, or about 50% of total U.S. box office sales. That’s far short of AMC today. Something new has to be different for AMC to be worth it.\nMaybe the movie theater business is going to go through another period of consolidation, which can usher in another golden age of returns. AMC’s Tuesday gains, in fact, were catalyzed by new capital raised so the company could go on the offensive, acquiring defunct chains. Monopolies, after all, can be good for stock returns.\nIf AMC can increase market share and the U.S. box office sales can return to 2018 levels in a few years, total sales at might be $9 billion—$6 billion from tickets and $3 billion from concessions. Sales in 2018 amounted to $5.5 billion.\nThen, with better gross profit margins derived from larger scale, AMC might be able to generate $600 million in free cash flow annually, which puts the stock at about a 4% free cash flow yield. The S&P 500 trades for about a 3% free cash flow yield. The numbers can work—if they’re stretched.\nThere are problems with this scenario, though. There are lots of ifs and mights—and AMC has never generated cash flow like that in the past. Arriving at $600 million in free cash flow is more about justifying current valuations than predicting what is likely.\nAlso, with mergers and acquisitions, AMC market shares might rise, but there are still competitors. Regal Cinemas is still out there, owned by Cineworld Holdings (CINE. London). So is Cinemark (CNK). There’s not a true monopoly.\nAMC and its peers have to deal with streaming, too. Windows for exclusive theater showings are shrinking. The pandemic has accelerated that. And if AMC gets too large and demanding for movie makers, the talent can always go to streaming faster, hurting box office sales.\nThere is also the problem of the peer stocks. They aren’t trading like this is a brave new world for theaters. Cineworld stock is up 484% from its 52-week low, but shares are still off 72% from all-time highs. Cinemark shares are up 222% from their 52-week low. They are down 47% from their all-time high.\nAMC stock, again, is up almost 1,600% from its 52-week low and is down just 13% from its May all-time high.\nWall Street just doesn’t see the potential either. Nine analysts cover the stock. The average analyst price target is about $5. Before the pandemic, the average analyst price target was $15. But there were fewer shares back then. The old target enterprise value was roughly $7 billion. It’s tough to get from $7 billion to $26 billion predicting better margins.\nAnalysts do have positive free cash flow modeled, though–$13 million in 2022 and $90 million in 2023. That’s a long way from $600 million.\nAnd that’s just another way of saying that AMC bulls are a long way from making the math work.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":301,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}