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OldMan69

OldMan69

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2021-09-14

moon!!

S&P 500 snaps losing streak with tax hikes, inflation data on horizon<blockquote>标普500通过增税和通胀数据结束连跌</blockquote>

2021-05-30

So sad

Credit Suisse Cuts Ties With SoftBank After Greensill Crisis<blockquote>格林希尔危机后瑞士信贷切断与软银的联系</blockquote>

2021-11-09

To the moon!

Singapore Stocks to watch: Sri Trang Gloves, OKP, SIIC, Ban Leong, UnusuaL, Yongmao<blockquote>值得关注的新加坡股票：Sri Trang Gloves、OKP、SIIC、Ban Leong、UnusuaL、永茂</blockquote>

2021-08-22

Moon

抱歉，原内容已删除

2021-08-13

To the moon and sun!

Blockchain stocks gained in premarket trading,BTCM shares rose more than 11%.<blockquote>区块链股票在盘前交易中上涨，BTCM股价上涨超过11%。</blockquote>

2021-10-01

To the moon! Please like

Professor who called Dow 20,000 says he’s nervous about trends in inflation that could spark a stock-market correction<blockquote>称道琼斯指数为20,000点的教授表示，他对通胀趋势可能引发股市调整感到紧张</blockquote>

2021-09-12

To the moon!

抱歉，原内容已删除

2021-08-23

Moon

抱歉，原内容已删除

2021-11-04

K

抱歉，原内容已删除

2021-10-20

To the moon!

抱歉，原内容已删除

2021-10-05

To the moon!

抱歉，原内容已删除

2021-09-08

To the moon!

抱歉，原内容已删除

2021-05-08

Lol 👌awesome

S&P 500, Dow hit record highs as weak jobs data eases rate worries<blockquote>疲软的就业数据缓解了利率担忧，标普500和道指创下历史新高</blockquote>

2021-10-28

Moon!

抱歉，原内容已删除

2021-09-04

Moon

抱歉，原内容已删除

2021-05-21

Love the innovations

抱歉，原内容已删除

2021-09-10

To the moon!

Significant Upside Potential In XPeng's Valuation<blockquote>小鹏汽车估值上涨潜力巨大</blockquote>

2021-08-14

To the moon!

Chasing Tesla: Here are the current electric vehicle plans of every major car maker<blockquote>追逐特斯拉：以下是各大车厂目前的电动汽车计划</blockquote>

2021-08-11

TO THE MOON!

抱歉，原内容已删除

2021-05-17

Diamond hands!

IPO Preview: SquareSpace, Procure Technologies And Oatly Are This Week's Offerings<blockquote>IPO预览：SquareSpace、Procure Technologies和Oatly将于本周发行</blockquote>

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the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/844691094","repostId":"1155263023","repostType":4,"repost":{"id":"1155263023","kind":"news","pubTimestamp":1636420156,"share":"https://www.laohu8.com/m/news/1155263023?lang=zh_CN&edition=full","pubTime":"2021-11-09 09:09","market":"hk","language":"en","title":"Singapore Stocks to watch: Sri Trang Gloves, OKP, SIIC, Ban Leong, UnusuaL, Yongmao<blockquote>值得关注的新加坡股票：Sri Trang Gloves、OKP、SIIC、Ban Leong、UnusuaL、永茂</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1155263023","media":"The bussiness Times","summary":"THE following companies saw new developments that may affect trading of their securities on Tuesday ","content":"<p>THE following companies saw new developments that may affect trading of their securities on Tuesday (Nov 9):</p><p><blockquote>以下公司周二（11月9日）出现了可能影响其证券交易的新进展：</blockquote></p><p> <a href=\"https://laohu8.com/S/STG.SI\">Sri Trang Gloves</a>:Sri Trang Gloves: STG 0%The dual-listed grouprecorded a net profit of 4.53 billion baht(S$185.2 million) for the third quarter ended Sep 30, 2021, up 3 per cent on-year from 4.40 billion baht on higher revenue. Its board of directors has approved the payment of interim dividends at 1.25 baht per share to shareholders. Shares of Sri Trang Gloves fell 1.7 per cent or S$0.02 to S$1.18 on Nov 8, before the results were released.</p><p><blockquote><a href=\"https://laohu8.com/S/STG.SI\">Sri Trang手套</a>：Sri Trang手套：STG 0%这家双重上市集团截至2021年9月30日的第三季度净利润为45.3亿泰铢（1.852亿新元），由于收入增加，净利润较44亿泰铢同比增长3%。其董事会已批准向股东支付每股1.25泰铢的中期股息。11月8日，在业绩公布之前，Sri Trang Gloves的股价下跌1.7%，即0.02新元，至1.18新元。</blockquote></p><p> OKP Holdings:OKP: 5CF 0%The infrastructure and civil engineering company has secureda contract worth S$39.9 million from the Public Utilities Board. This brings the group's current net construction order book to S$360.8 million, with contracts extending till 2025. Shares of OKP closed down S$0.005 or 2.6 per cent at S$0.185 on Monday (Nov 8), before the announcement was made.</p><p><blockquote>OKP Holdings：OKP：5CF 0%这家基础设施和土木工程公司已从公用事业委员会获得价值3,990万新元的合同。这使得该集团目前的净建筑订单达到3.608亿新元，合同延长至2025年。在宣布这一消息之前，OKP股价周一（11月8日）收盘下跌0.005新元，即2.6%，至0.185新元。</blockquote></p><p> SIIC Environment Holdings:SIIC Environment: BHK 0%Its revenueincreased by 10.7 per cent to 181.1 million yuan (S$38.2 million)for the quarter ended Sep 30, 2021, announced the mainboard-listed company on Monday (Nov 8). No interim dividend was declared for the quarter, as was the case a year ago. Shares of SIIC Environment were up S$0.005 or 2.3 per cent to close at S$0.225, before the financial results were released.</p><p><blockquote>上实环境控股：上实环境：BHK 0%该主板上市公司周一（11月8日）宣布，截至2021年9月30日的季度收入增长10.7%，达到1.811亿元人民币（3820万新元）。与一年前一样，本季度没有宣派中期股息。在财务业绩发布前，上实环境股价上涨0.005新元，即2.3%，收于0.225新元。</blockquote></p><p> Ban Leong Technologies:Ban Leong: B26 0%The group'snet profit rose 64.9 per cent to S$3.9 millionfor the half year ended Sep 30, 2021, from S$2.3 million a year ago. An interim dividend of S$0.0125 was declared for the period under review. Shares in Ban Leong closed flat at S$0.37 on Monday (Nov 8), before financial results were released.</p><p><blockquote>Ban Leong Technologies：Ban Leong：B26 0%该集团截至2021年9月30日的半年净利润从一年前的230万新元增长64.9%至390万新元。于回顾期间宣派中期股息0.0125新加坡元。周一（11月8日），在财务业绩发布之前，Ban Leong股价收于0.37新元。</blockquote></p><p> UnusuaL Limited:$ UnUsUaL: 1D1 0%The events-production unit of mm2 Asianarrowed its net loss by 54.1 per cent to S$1.6 millionin the half-year ended Sep 30, 2021 despite lower revenue. In a bourse filing on Monday (Nov 8), the group noted that completed projects for production and others segments increased in H1 FY2022 with the gradual resumption of small-scale live performances in Singapore. Shares of Unusual&nbsp;closed flat at S$0.136, before the news.</p><p><blockquote>UnusuaL Limited：$UnusuaL：1D1 0%尽管收入下降，MM2 Asian的活动制作部门在截至2021年9月30日的半年内仍将净亏损收窄54.1%至160万新元。在周一（11月8日）向交易所提交的文件中，该集团指出，随着新加坡小规模现场演出的逐步恢复，2022财年上半年制作和其他部门的已完成项目有所增加。消息传出前，Unusual股价收于0.136新元。</blockquote></p><p></p>","source":"lsy1636420184263","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Stocks to watch: Sri Trang Gloves, OKP, SIIC, Ban Leong, UnusuaL, Yongmao<blockquote>值得关注的新加坡股票：Sri Trang Gloves、OKP、SIIC、Ban Leong、UnusuaL、永茂</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\">\nSingapore Stocks to watch: Sri Trang Gloves, OKP, SIIC, Ban Leong, UnusuaL, Yongmao<blockquote>值得关注的新加坡股票：Sri Trang Gloves、OKP、SIIC、Ban Leong、UnusuaL、永茂</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The bussiness Times</strong><span class=\"h-time small\">2021-11-09 09:09</span>\n</p>\n</h4>\n</header>\n<article>\n<p>THE following companies saw new developments that may affect trading of their securities on Tuesday (Nov 9):</p><p><blockquote>以下公司周二（11月9日）出现了可能影响其证券交易的新进展：</blockquote></p><p> <a href=\"https://laohu8.com/S/STG.SI\">Sri Trang Gloves</a>:Sri Trang Gloves: STG 0%The dual-listed grouprecorded a net profit of 4.53 billion baht(S$185.2 million) for the third quarter ended Sep 30, 2021, up 3 per cent on-year from 4.40 billion baht on higher revenue. Its board of directors has approved the payment of interim dividends at 1.25 baht per share to shareholders. Shares of Sri Trang Gloves fell 1.7 per cent or S$0.02 to S$1.18 on Nov 8, before the results were released.</p><p><blockquote><a href=\"https://laohu8.com/S/STG.SI\">Sri Trang手套</a>：Sri Trang手套：STG 0%这家双重上市集团截至2021年9月30日的第三季度净利润为45.3亿泰铢（1.852亿新元），由于收入增加，净利润较44亿泰铢同比增长3%。其董事会已批准向股东支付每股1.25泰铢的中期股息。11月8日，在业绩公布之前，Sri Trang Gloves的股价下跌1.7%，即0.02新元，至1.18新元。</blockquote></p><p> OKP Holdings:OKP: 5CF 0%The infrastructure and civil engineering company has secureda contract worth S$39.9 million from the Public Utilities Board. This brings the group's current net construction order book to S$360.8 million, with contracts extending till 2025. Shares of OKP closed down S$0.005 or 2.6 per cent at S$0.185 on Monday (Nov 8), before the announcement was made.</p><p><blockquote>OKP Holdings：OKP：5CF 0%这家基础设施和土木工程公司已从公用事业委员会获得价值3,990万新元的合同。这使得该集团目前的净建筑订单达到3.608亿新元，合同延长至2025年。在宣布这一消息之前，OKP股价周一（11月8日）收盘下跌0.005新元，即2.6%，至0.185新元。</blockquote></p><p> SIIC Environment Holdings:SIIC Environment: BHK 0%Its revenueincreased by 10.7 per cent to 181.1 million yuan (S$38.2 million)for the quarter ended Sep 30, 2021, announced the mainboard-listed company on Monday (Nov 8). No interim dividend was declared for the quarter, as was the case a year ago. Shares of SIIC Environment were up S$0.005 or 2.3 per cent to close at S$0.225, before the financial results were released.</p><p><blockquote>上实环境控股：上实环境：BHK 0%该主板上市公司周一（11月8日）宣布，截至2021年9月30日的季度收入增长10.7%，达到1.811亿元人民币（3820万新元）。与一年前一样，本季度没有宣派中期股息。在财务业绩发布前，上实环境股价上涨0.005新元，即2.3%，收于0.225新元。</blockquote></p><p> Ban Leong Technologies:Ban Leong: B26 0%The group'snet profit rose 64.9 per cent to S$3.9 millionfor the half year ended Sep 30, 2021, from S$2.3 million a year ago. An interim dividend of S$0.0125 was declared for the period under review. Shares in Ban Leong closed flat at S$0.37 on Monday (Nov 8), before financial results were released.</p><p><blockquote>Ban Leong Technologies：Ban Leong：B26 0%该集团截至2021年9月30日的半年净利润从一年前的230万新元增长64.9%至390万新元。于回顾期间宣派中期股息0.0125新加坡元。周一（11月8日），在财务业绩发布之前，Ban Leong股价收于0.37新元。</blockquote></p><p> UnusuaL Limited:$ UnUsUaL: 1D1 0%The events-production unit of mm2 Asianarrowed its net loss by 54.1 per cent to S$1.6 millionin the half-year ended Sep 30, 2021 despite lower revenue. In a bourse filing on Monday (Nov 8), the group noted that completed projects for production and others segments increased in H1 FY2022 with the gradual resumption of small-scale live performances in Singapore. Shares of Unusual&nbsp;closed flat at S$0.136, before the news.</p><p><blockquote>UnusuaL Limited：$UnusuaL：1D1 0%尽管收入下降，MM2 Asian的活动制作部门在截至2021年9月30日的半年内仍将净亏损收窄54.1%至160万新元。在周一（11月8日）向交易所提交的文件中，该集团指出，随着新加坡小规模现场演出的逐步恢复，2022财年上半年制作和其他部门的已完成项目有所增加。消息传出前，Unusual股价收于0.136新元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.businesstimes.com.sg/stocks/stocks-to-watch-sri-trang-gloves-okp-siic-ban-leong-unusual-yongmao\">The bussiness Times</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://www.businesstimes.com.sg/stocks/stocks-to-watch-sri-trang-gloves-okp-siic-ban-leong-unusual-yongmao","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155263023","content_text":"THE following companies saw new developments that may affect trading of their securities on Tuesday (Nov 9):\nSri Trang Gloves:Sri Trang Gloves: STG 0%The dual-listed grouprecorded a net profit of 4.53 billion baht(S$185.2 million) for the third quarter ended Sep 30, 2021, up 3 per cent on-year from 4.40 billion baht on higher revenue. Its board of directors has approved the payment of interim dividends at 1.25 baht per share to shareholders. Shares of Sri Trang Gloves fell 1.7 per cent or S$0.02 to S$1.18 on Nov 8, before the results were released.\nOKP Holdings:OKP: 5CF 0%The infrastructure and civil engineering company has secureda contract worth S$39.9 million from the Public Utilities Board. This brings the group's current net construction order book to S$360.8 million, with contracts extending till 2025. Shares of OKP closed down S$0.005 or 2.6 per cent at S$0.185 on Monday (Nov 8), before the announcement was made.\nSIIC Environment Holdings:SIIC Environment: BHK 0%Its revenueincreased by 10.7 per cent to 181.1 million yuan (S$38.2 million)for the quarter ended Sep 30, 2021, announced the mainboard-listed company on Monday (Nov 8). No interim dividend was declared for the quarter, as was the case a year ago. Shares of SIIC Environment were up S$0.005 or 2.3 per cent to close at S$0.225, before the financial results were released.\nBan Leong Technologies:Ban Leong: B26 0%The group'snet profit rose 64.9 per cent to S$3.9 millionfor the half year ended Sep 30, 2021, from S$2.3 million a year ago. An interim dividend of S$0.0125 was declared for the period under review. Shares in Ban Leong closed flat at S$0.37 on Monday (Nov 8), before financial results were released.\nUnusuaL Limited:$ UnUsUaL: 1D1 0%The events-production unit of mm2 Asianarrowed its net loss by 54.1 per cent to S$1.6 millionin the half-year ended Sep 30, 2021 despite lower revenue. In a bourse filing on Monday (Nov 8), the group noted that completed projects for production and others segments increased in H1 FY2022 with the gradual resumption of small-scale live performances in Singapore. Shares of Unusual closed flat at S$0.136, before the news.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2269,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848137566,"gmtCreate":1635982708994,"gmtModify":1635982709192,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575324916676606","idStr":"3575324916676606"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/848137566","repostId":"2180636457","repostType":4,"isVote":1,"tweetType":1,"viewCount":2753,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":854830574,"gmtCreate":1635431639623,"gmtModify":1635431801034,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575324916676606","idStr":"3575324916676606"},"themes":[],"htmlText":"Moon!","listText":"Moon!","text":"Moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/854830574","repostId":"2178626213","repostType":4,"isVote":1,"tweetType":1,"viewCount":2201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":853097079,"gmtCreate":1634740314231,"gmtModify":1634740314746,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575324916676606","idStr":"3575324916676606"},"themes":[],"htmlText":"To the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/853097079","repostId":"1166268649","repostType":4,"isVote":1,"tweetType":1,"viewCount":2372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":820416116,"gmtCreate":1633414593817,"gmtModify":1633414594038,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575324916676606","idStr":"3575324916676606"},"themes":[],"htmlText":"To the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/820416116","repostId":"2172968917","repostType":4,"isVote":1,"tweetType":1,"viewCount":2396,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":864305407,"gmtCreate":1633053857498,"gmtModify":1633053857748,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575324916676606","idStr":"3575324916676606"},"themes":[],"htmlText":"To the moon! Please like","listText":"To the moon! Please like","text":"To the moon! Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/864305407","repostId":"1124647688","repostType":4,"repost":{"id":"1124647688","kind":"news","pubTimestamp":1633048079,"share":"https://www.laohu8.com/m/news/1124647688?lang=zh_CN&edition=full","pubTime":"2021-10-01 08:27","market":"us","language":"en","title":"Professor who called Dow 20,000 says he’s nervous about trends in inflation that could spark a stock-market correction<blockquote>称道琼斯指数为20,000点的教授表示，他对通胀趋势可能引发股市调整感到紧张</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1124647688","media":"MarketWatch","summary":"Jeremy Siegel, professor of finance at the University of Pennsylvania’s Wharton School of Business, ","content":"<p>Jeremy Siegel, professor of finance at the University of Pennsylvania’s Wharton School of Business, on Wednesday said that a fresh surge in inflation is making him nervous and warned that accelerating pricing pressures could compel the Federal Reserve to raise interest rates at a faster clip than currently anticipated, which could deliver a correction to equity benchmarks.</p><p><blockquote>宾夕法尼亚大学沃顿商学院金融学教授杰里米·西格尔周三表示，通胀的新一轮飙升让他感到紧张，并警告称，加速的定价压力可能会迫使美联储以比目前更快的速度加息。预期，这可能会对股票基准进行修正。</blockquote></p><p> The Wharton professorcredited with calling Dow 20,000&nbsp;in 2015 told CNBC during a Wednesday interview that he is “nervous about the trends I see in inflation currently.”</p><p><blockquote>这位被誉为2015年道琼斯指数20,000点的沃顿商学院教授在周三接受CNBC采访时表示，他“对我目前看到的通胀趋势感到紧张”。</blockquote></p><p> The academic’s comments came as Federal Reserve Chairman Jerome Powell on Wednesday said a bout of high U.S. inflation could be prolonged into early next year because parts and material shortages might be getting worse.</p><p><blockquote>这位学者发表上述言论之际，美联储主席杰罗姆·鲍威尔周三表示，由于零部件和材料短缺可能会恶化，美国的高通胀可能会持续到明年初。</blockquote></p><p> Parts of the financial market are undergoing big price surges, including natural-gas futuresNG00,+1.81%,whichsurged 11% on Monday,reaching levels not seen since 2014 amid tight U.S. supplies and strengthening demand across the globe.</p><p><blockquote>部分金融市场价格正在经历大幅飙升，其中天然气期货NG00,+1.81%，周一飙升11%，达到2014年以来的最高水平，原因是美国供应紧张和全球需求走强。</blockquote></p><p> <b>Read:</b>Inflation in the U.S. is running at the highest level in 30 years</p><p><blockquote><b>阅读：</b>美国通胀处于30年来最高水平</blockquote></p><p> <b>Also:</b>Fed’s Williams predicts the high rate of inflation will cool to 2% in 2022</p><p><blockquote><b>所以：</b>美联储威廉姆斯预计2022年高通胀率将降温至2%</blockquote></p><p> “It’s frustrating to see the supply-chain problems not getting better, in fact they are probably getting worse,” Powell said during a virtual forum with other central bank leaders, including those from the European Central Bank. “It’s very difficult to say how big the effects will be in the meantime and how long they will last.”</p><p><blockquote>鲍威尔在与包括欧洲央行领导人在内的其他央行领导人举行的虚拟论坛上表示：“看到供应链问题没有好转令人沮丧，事实上它们可能会变得更糟。”“很难说在此期间的影响会有多大以及会持续多久。”</blockquote></p><p> The rate of inflation in the U.S., using the Fed’s preferred personal-consumption expenditures price index, rose at a 4.2% pace in the 12 months ended in July. That is the fastest increase in 30 years. Inflation is running even hotter based on the better-known consumer-price index, a measure of the average prices paid by consumers for a common basket of goods and services that serves as a barometer of economic health.</p><p><blockquote>使用美联储首选的个人消费支出价格指数，美国通胀率在截至7月份的12个月中以4.2%的速度上升。这是30年来最快的增长。根据更为人所知的消费者价格指数，通胀甚至更高，该指数衡量消费者为一篮子常见商品和服务支付的平均价格，是经济健康状况的晴雨表。</blockquote></p><p> Powell and others at the Fed have contended for months that the surge in inflation was “transitory.”</p><p><blockquote>鲍威尔和美联储其他人几个月来一直辩称，通胀飙升是“暂时的”。</blockquote></p><p> However, that view is starting to shift and investors are starting to factor in more persistent inflation than previously thought,analysts say.</p><p><blockquote>然而，分析师表示，这种观点正在开始转变，投资者开始考虑比之前想象的更持久的通胀。</blockquote></p><p> Siegel said the anticipated timeline that the Fed will start tapering in November and end it the middle of 2022, with an eye toward starting to raise interest rates sometime next year, is a fair timetable, but he but fears that the surge in inflation could hasten moves, which would drive yields higher and stocks lower.</p><p><blockquote>西格尔表示，美联储将于11月开始缩减规模，并于2022年年中结束，着眼于明年某个时候开始加息，这是一个公平的时间表，但他担心通胀飙升可能会加速举措，这将推动收益率上升和股市下跌。</blockquote></p><p> On Wednesday, the S&amp;P 500 indexSPX,-1.19%ended higher but was still down 3.9% from its Sept. 2 record close, and the Dow Jones Industrial AverageDJIA,-1.59%was off 3.5% from its Aug. 16 record high, following marginal gains on the session. The technology-laden Nasdaq Composite IndexCOMP,-0.44%is down 5.6% from its Sept. 7 closing peak after finishing lower on Wednesday.</p><p><blockquote>周三，标普500指数SPX,-1.19%收高，但仍较9月2日创纪录收盘价下跌3.9%，道琼斯工业平均指数DJIA,-1.59%较8月16日创纪录高点下跌3.5%。盘中小幅上涨。科技含量高的纳斯达克综合指数COMP,-0.44%在周三收低后，较9月7日收盘峰值下跌5.6%。</blockquote></p><p> A correction in an asset is usually defined by market technicians as a fall of at least 10%, but no more than 20%, from a recent peak.</p><p><blockquote>市场技术人员通常将资产的回调定义为较近期峰值下跌至少10%，但不超过20%。</blockquote></p><p> Meanwhile, the benchmark 10-year Treasury noteTMUBMUSD10Y,1.504%,used to price everything from car loans to mortgages, yielded 1.54%, up from 1.534% on Tuesday. The note is up nearly 10 basis points so far this quarter and up 23.7 basis points in September alone, according data compiled by Dow Jones Market Data.</p><p><blockquote>与此同时，用于为从汽车贷款到抵押贷款等各种商品定价的基准10年期国债TMUBMUSD10Y，1.504%，收益率为1.54%，高于周二的1.534%。根据道琼斯市场数据汇编的数据，该票据本季度迄今已上涨近10个基点，仅9月份就上涨了23.7个基点。</blockquote></p><p></p>","source":"market_watch","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>Professor who called Dow 20,000 says he’s nervous about trends in inflation that could spark a stock-market correction<blockquote>称道琼斯指数为20,000点的教授表示，他对通胀趋势可能引发股市调整感到紧张</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; 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}\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\">\nProfessor who called Dow 20,000 says he’s nervous about trends in inflation that could spark a stock-market correction<blockquote>称道琼斯指数为20,000点的教授表示，他对通胀趋势可能引发股市调整感到紧张</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-10-01 08:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Jeremy Siegel, professor of finance at the University of Pennsylvania’s Wharton School of Business, on Wednesday said that a fresh surge in inflation is making him nervous and warned that accelerating pricing pressures could compel the Federal Reserve to raise interest rates at a faster clip than currently anticipated, which could deliver a correction to equity benchmarks.</p><p><blockquote>宾夕法尼亚大学沃顿商学院金融学教授杰里米·西格尔周三表示，通胀的新一轮飙升让他感到紧张，并警告称，加速的定价压力可能会迫使美联储以比目前更快的速度加息。预期，这可能会对股票基准进行修正。</blockquote></p><p> The Wharton professorcredited with calling Dow 20,000&nbsp;in 2015 told CNBC during a Wednesday interview that he is “nervous about the trends I see in inflation currently.”</p><p><blockquote>这位被誉为2015年道琼斯指数20,000点的沃顿商学院教授在周三接受CNBC采访时表示，他“对我目前看到的通胀趋势感到紧张”。</blockquote></p><p> The academic’s comments came as Federal Reserve Chairman Jerome Powell on Wednesday said a bout of high U.S. inflation could be prolonged into early next year because parts and material shortages might be getting worse.</p><p><blockquote>这位学者发表上述言论之际，美联储主席杰罗姆·鲍威尔周三表示，由于零部件和材料短缺可能会恶化，美国的高通胀可能会持续到明年初。</blockquote></p><p> Parts of the financial market are undergoing big price surges, including natural-gas futuresNG00,+1.81%,whichsurged 11% on Monday,reaching levels not seen since 2014 amid tight U.S. supplies and strengthening demand across the globe.</p><p><blockquote>部分金融市场价格正在经历大幅飙升，其中天然气期货NG00,+1.81%，周一飙升11%，达到2014年以来的最高水平，原因是美国供应紧张和全球需求走强。</blockquote></p><p> <b>Read:</b>Inflation in the U.S. is running at the highest level in 30 years</p><p><blockquote><b>阅读：</b>美国通胀处于30年来最高水平</blockquote></p><p> <b>Also:</b>Fed’s Williams predicts the high rate of inflation will cool to 2% in 2022</p><p><blockquote><b>所以：</b>美联储威廉姆斯预计2022年高通胀率将降温至2%</blockquote></p><p> “It’s frustrating to see the supply-chain problems not getting better, in fact they are probably getting worse,” Powell said during a virtual forum with other central bank leaders, including those from the European Central Bank. “It’s very difficult to say how big the effects will be in the meantime and how long they will last.”</p><p><blockquote>鲍威尔在与包括欧洲央行领导人在内的其他央行领导人举行的虚拟论坛上表示：“看到供应链问题没有好转令人沮丧，事实上它们可能会变得更糟。”“很难说在此期间的影响会有多大以及会持续多久。”</blockquote></p><p> The rate of inflation in the U.S., using the Fed’s preferred personal-consumption expenditures price index, rose at a 4.2% pace in the 12 months ended in July. That is the fastest increase in 30 years. Inflation is running even hotter based on the better-known consumer-price index, a measure of the average prices paid by consumers for a common basket of goods and services that serves as a barometer of economic health.</p><p><blockquote>使用美联储首选的个人消费支出价格指数，美国通胀率在截至7月份的12个月中以4.2%的速度上升。这是30年来最快的增长。根据更为人所知的消费者价格指数，通胀甚至更高，该指数衡量消费者为一篮子常见商品和服务支付的平均价格，是经济健康状况的晴雨表。</blockquote></p><p> Powell and others at the Fed have contended for months that the surge in inflation was “transitory.”</p><p><blockquote>鲍威尔和美联储其他人几个月来一直辩称，通胀飙升是“暂时的”。</blockquote></p><p> However, that view is starting to shift and investors are starting to factor in more persistent inflation than previously thought,analysts say.</p><p><blockquote>然而，分析师表示，这种观点正在开始转变，投资者开始考虑比之前想象的更持久的通胀。</blockquote></p><p> Siegel said the anticipated timeline that the Fed will start tapering in November and end it the middle of 2022, with an eye toward starting to raise interest rates sometime next year, is a fair timetable, but he but fears that the surge in inflation could hasten moves, which would drive yields higher and stocks lower.</p><p><blockquote>西格尔表示，美联储将于11月开始缩减规模，并于2022年年中结束，着眼于明年某个时候开始加息，这是一个公平的时间表，但他担心通胀飙升可能会加速举措，这将推动收益率上升和股市下跌。</blockquote></p><p> On Wednesday, the S&amp;P 500 indexSPX,-1.19%ended higher but was still down 3.9% from its Sept. 2 record close, and the Dow Jones Industrial AverageDJIA,-1.59%was off 3.5% from its Aug. 16 record high, following marginal gains on the session. The technology-laden Nasdaq Composite IndexCOMP,-0.44%is down 5.6% from its Sept. 7 closing peak after finishing lower on Wednesday.</p><p><blockquote>周三，标普500指数SPX,-1.19%收高，但仍较9月2日创纪录收盘价下跌3.9%，道琼斯工业平均指数DJIA,-1.59%较8月16日创纪录高点下跌3.5%。盘中小幅上涨。科技含量高的纳斯达克综合指数COMP,-0.44%在周三收低后，较9月7日收盘峰值下跌5.6%。</blockquote></p><p> A correction in an asset is usually defined by market technicians as a fall of at least 10%, but no more than 20%, from a recent peak.</p><p><blockquote>市场技术人员通常将资产的回调定义为较近期峰值下跌至少10%，但不超过20%。</blockquote></p><p> Meanwhile, the benchmark 10-year Treasury noteTMUBMUSD10Y,1.504%,used to price everything from car loans to mortgages, yielded 1.54%, up from 1.534% on Tuesday. The note is up nearly 10 basis points so far this quarter and up 23.7 basis points in September alone, according data compiled by Dow Jones Market Data.</p><p><blockquote>与此同时，用于为从汽车贷款到抵押贷款等各种商品定价的基准10年期国债TMUBMUSD10Y，1.504%，收益率为1.54%，高于周二的1.534%。根据道琼斯市场数据汇编的数据，该票据本季度迄今已上涨近10个基点，仅9月份就上涨了23.7个基点。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/professor-who-called-dow-20-000-says-hes-nervous-about-trends-in-inflation-that-could-spark-a-stock-market-correction-11632949212?siteid=yhoof2\">MarketWatch</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://www.marketwatch.com/story/professor-who-called-dow-20-000-says-hes-nervous-about-trends-in-inflation-that-could-spark-a-stock-market-correction-11632949212?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1124647688","content_text":"Jeremy Siegel, professor of finance at the University of Pennsylvania’s Wharton School of Business, on Wednesday said that a fresh surge in inflation is making him nervous and warned that accelerating pricing pressures could compel the Federal Reserve to raise interest rates at a faster clip than currently anticipated, which could deliver a correction to equity benchmarks.\nThe Wharton professorcredited with calling Dow 20,000 in 2015 told CNBC during a Wednesday interview that he is “nervous about the trends I see in inflation currently.”\nThe academic’s comments came as Federal Reserve Chairman Jerome Powell on Wednesday said a bout of high U.S. inflation could be prolonged into early next year because parts and material shortages might be getting worse.\nParts of the financial market are undergoing big price surges, including natural-gas futuresNG00,+1.81%,whichsurged 11% on Monday,reaching levels not seen since 2014 amid tight U.S. supplies and strengthening demand across the globe.\nRead:Inflation in the U.S. is running at the highest level in 30 years\nAlso:Fed’s Williams predicts the high rate of inflation will cool to 2% in 2022\n“It’s frustrating to see the supply-chain problems not getting better, in fact they are probably getting worse,” Powell said during a virtual forum with other central bank leaders, including those from the European Central Bank. “It’s very difficult to say how big the effects will be in the meantime and how long they will last.”\nThe rate of inflation in the U.S., using the Fed’s preferred personal-consumption expenditures price index, rose at a 4.2% pace in the 12 months ended in July. That is the fastest increase in 30 years. Inflation is running even hotter based on the better-known consumer-price index, a measure of the average prices paid by consumers for a common basket of goods and services that serves as a barometer of economic health.\nPowell and others at the Fed have contended for months that the surge in inflation was “transitory.”\nHowever, that view is starting to shift and investors are starting to factor in more persistent inflation than previously thought,analysts say.\nSiegel said the anticipated timeline that the Fed will start tapering in November and end it the middle of 2022, with an eye toward starting to raise interest rates sometime next year, is a fair timetable, but he but fears that the surge in inflation could hasten moves, which would drive yields higher and stocks lower.\nOn Wednesday, the S&P 500 indexSPX,-1.19%ended higher but was still down 3.9% from its Sept. 2 record close, and the Dow Jones Industrial AverageDJIA,-1.59%was off 3.5% from its Aug. 16 record high, following marginal gains on the session. The technology-laden Nasdaq Composite IndexCOMP,-0.44%is down 5.6% from its Sept. 7 closing peak after finishing lower on Wednesday.\nA correction in an asset is usually defined by market technicians as a fall of at least 10%, but no more than 20%, from a recent peak.\nMeanwhile, the benchmark 10-year Treasury noteTMUBMUSD10Y,1.504%,used to price everything from car loans to mortgages, yielded 1.54%, up from 1.534% on Tuesday. The note is up nearly 10 basis points so far this quarter and up 23.7 basis points in September alone, according data compiled by Dow Jones Market Data.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2499,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":886686620,"gmtCreate":1631585813660,"gmtModify":1631890456296,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575324916676606","idStr":"3575324916676606"},"themes":[],"htmlText":"moon!!","listText":"moon!!","text":"moon!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/886686620","repostId":"1178276551","repostType":4,"repost":{"id":"1178276551","kind":"news","pubTimestamp":1631574947,"share":"https://www.laohu8.com/m/news/1178276551?lang=zh_CN&edition=full","pubTime":"2021-09-14 07:15","market":"us","language":"en","title":"S&P 500 snaps losing streak with tax hikes, inflation data on horizon<blockquote>标普500通过增税和通胀数据结束连跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1178276551","media":"Reuters","summary":"NEW YORK (Reuters) - The S&P 500 closed higher on Monday, ending a five-day losing streak as investo","content":"<p>NEW YORK (Reuters) - The S&amp;P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.</p><p><blockquote>路透纽约3月1日电——标普500周一收高，结束五连跌，因投资者关注潜在的公司税上调和即将公布的经济数据。</blockquote></p><p> The Dow Jones Industrial Average also advanced, but the Nasdaq Composite Index ended lower.</p><p><blockquote>道琼斯工业平均指数也上涨，但纳斯达克综合指数收低。</blockquote></p><p> Investors favored value over growth, with stocks set to benefit most from a resurging economy enjoying the biggest percentage gains.</p><p><blockquote>投资者更青睐价值而非增长，股市将从经济复苏中受益最多，涨幅最大。</blockquote></p><p> “There are probably not a lot of positive surprises coming this month,” said Liz Young, head of investment strategy at SoFi in New York. “We’re having another period of volatility where I think that rotation could go back to cyclicals and the reopened trade, as the 10-year bond rate slowly grinds higher through the end of the year.”</p><p><blockquote>纽约SoFi投资策略主管Liz Young表示：“本月可能不会有太多积极的惊喜。”“我们正在经历另一个波动时期，我认为随着10年期债券利率在年底前慢慢走高，轮动可能会回到周期性和重新开放的交易。”</blockquote></p><p> Market participants are focused on the likely passage of U.S. President Joe Biden’s $3.5 trillion budget package, which is expected to include a proposed corporate tax rate hike to 26.5% from 21%.</p><p><blockquote>市场参与者关注美国总统拜登的3.5万亿美元预算方案可能获得通过，预计其中包括拟议将企业税率从21%上调至26.5%。</blockquote></p><p> Goldman Sachs analysts see the corporate tax rate increasing to 25% and the passage of about half of a proposed increase to tax rates on foreign income, which they estimate would reduce S&amp;P 500 earnings by 5% in 2022.</p><p><blockquote>高盛分析师预计，企业税率将提高至25%，外国收入税率拟议上调的约一半将获得通过，他们估计这将使标普500 2022年的盈利减少5%。</blockquote></p><p> The Labor Department is due to release its consumer price index data on Tuesday, which could shed further light on the current inflation wave and whether it is as transitory as the Fed insists.</p><p><blockquote>美国劳工部将于周二发布消费者价格指数数据，这可能会进一步揭示当前的通胀浪潮，以及它是否像美联储坚称的那样是暂时的。</blockquote></p><p> “I don’t see inflation settling back down under 2% where it was pre-pandemic,” Young added. “Even if some of those transitory forces weaken, we will still stay at a higher rate than we were before.”</p><p><blockquote>杨补充道：“我认为通胀率不会回落到大流行前的2%以下。”“即使其中一些过渡性力量减弱，我们仍将保持比以前更高的速度。”</blockquote></p><p> Other key indicators due this week include retail sales and consumer sentiment, which could illuminate how much the demand boom driven by economic re-engagement has been dampened by the highly contagious COVID-19 Delta variant.</p><p><blockquote>本周公布的其他关键指标包括零售销售和消费者信心，这可能表明经济重新参与推动的需求繁荣在多大程度上受到了高度传染性的COVID-19德尔塔变异毒株的抑制。</blockquote></p><p> The Dow Jones Industrial Average rose 261.91 points, or 0.76%, to 34,869.63, the S&amp;P 500 gained 10.15 points, or 0.23%, at 4,468.73 and the Nasdaq Composite dropped 9.91 points, or 0.07%, to 15,105.58.</p><p><blockquote>道琼斯工业平均指数上涨261.91点，涨幅0.76%，至34,869.63点；标普500上涨10.15点，涨幅0.23%，至4,468.73点；纳斯达克综合指数下跌9.91点，涨幅0.07%，至15,105.58点。</blockquote></p><p> Of the 11 major sectors in the S&amp;P 500, healthcare suffered the largest percentage loss, while energy, buoyed by rising crude prices was the biggest gainer.</p><p><blockquote>在标普500 11个主要板块中，医疗保健板块跌幅最大，而受原油价格上涨提振的能源板块涨幅最大。</blockquote></p><p> Shares of vaccine makers Moderna and Pfizer Inc sank 6.6% and 2.2%, respectively, after experts said COVID booster shots are not widely needed.</p><p><blockquote>在专家表示不广泛需要新冠加强注射后，疫苗制造商Moderna和辉瑞公司的股价分别下跌6.6%和2.2%。</blockquote></p><p> Coinbase Global Inc announced plans to raise about $1.5 billion through a debt offering aimed at funding product development and potential acquisitions. The cryptocurrency exchanges shares slid 2.2%.</p><p><blockquote>Coinbase Global Inc宣布计划通过发债筹集约15亿美元，旨在为产品开发和潜在收购提供资金。加密货币交易所股价下跌2.2%。</blockquote></p><p> Salesforce.com Inc dipped 1.2% as rival Freshworks Inc’s regulatory filing indicated that the business engagement and customer engagement software company is aiming for a nearly $9 billion valuation in it U.S. debut.</p><p><blockquote>Salesforce.com Inc下跌1.2%，竞争对手Freshworks Inc的监管文件显示，这家业务参与和客户参与软件公司的目标是在美国首次亮相时估值接近90亿美元。</blockquote></p><p> Advancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.02-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股与下跌股的比例为1.60比1；在纳斯达克，1.02比1的比率有利于上涨者。</blockquote></p><p> The S&amp;P 500 posted 12 new 52-week highs and one new low; the Nasdaq Composite recorded 53 new highs and 71 new lows.</p><p><blockquote>标普500创下12个52周新高和1个新低；纳斯达克综合指数录得53个新高和71个新低。</blockquote></p><p> Volume on U.S. exchanges was 10.30 billion shares, compared with the 9.29 billion average over the last 20 trading days.</p><p><blockquote>美国交易所成交量为103亿股，而过去20个交易日的平均成交量为92.9亿股。</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>S&P 500 snaps losing streak with tax hikes, inflation data on horizon<blockquote>标普500通过增税和通胀数据结束连跌</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\">\nS&P 500 snaps losing streak with tax hikes, inflation data on horizon<blockquote>标普500通过增税和通胀数据结束连跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-09-14 07:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p>NEW YORK (Reuters) - The S&amp;P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.</p><p><blockquote>路透纽约3月1日电——标普500周一收高，结束五连跌，因投资者关注潜在的公司税上调和即将公布的经济数据。</blockquote></p><p> The Dow Jones Industrial Average also advanced, but the Nasdaq Composite Index ended lower.</p><p><blockquote>道琼斯工业平均指数也上涨，但纳斯达克综合指数收低。</blockquote></p><p> Investors favored value over growth, with stocks set to benefit most from a resurging economy enjoying the biggest percentage gains.</p><p><blockquote>投资者更青睐价值而非增长，股市将从经济复苏中受益最多，涨幅最大。</blockquote></p><p> “There are probably not a lot of positive surprises coming this month,” said Liz Young, head of investment strategy at SoFi in New York. “We’re having another period of volatility where I think that rotation could go back to cyclicals and the reopened trade, as the 10-year bond rate slowly grinds higher through the end of the year.”</p><p><blockquote>纽约SoFi投资策略主管Liz Young表示：“本月可能不会有太多积极的惊喜。”“我们正在经历另一个波动时期，我认为随着10年期债券利率在年底前慢慢走高，轮动可能会回到周期性和重新开放的交易。”</blockquote></p><p> Market participants are focused on the likely passage of U.S. President Joe Biden’s $3.5 trillion budget package, which is expected to include a proposed corporate tax rate hike to 26.5% from 21%.</p><p><blockquote>市场参与者关注美国总统拜登的3.5万亿美元预算方案可能获得通过，预计其中包括拟议将企业税率从21%上调至26.5%。</blockquote></p><p> Goldman Sachs analysts see the corporate tax rate increasing to 25% and the passage of about half of a proposed increase to tax rates on foreign income, which they estimate would reduce S&amp;P 500 earnings by 5% in 2022.</p><p><blockquote>高盛分析师预计，企业税率将提高至25%，外国收入税率拟议上调的约一半将获得通过，他们估计这将使标普500 2022年的盈利减少5%。</blockquote></p><p> The Labor Department is due to release its consumer price index data on Tuesday, which could shed further light on the current inflation wave and whether it is as transitory as the Fed insists.</p><p><blockquote>美国劳工部将于周二发布消费者价格指数数据，这可能会进一步揭示当前的通胀浪潮，以及它是否像美联储坚称的那样是暂时的。</blockquote></p><p> “I don’t see inflation settling back down under 2% where it was pre-pandemic,” Young added. “Even if some of those transitory forces weaken, we will still stay at a higher rate than we were before.”</p><p><blockquote>杨补充道：“我认为通胀率不会回落到大流行前的2%以下。”“即使其中一些过渡性力量减弱，我们仍将保持比以前更高的速度。”</blockquote></p><p> Other key indicators due this week include retail sales and consumer sentiment, which could illuminate how much the demand boom driven by economic re-engagement has been dampened by the highly contagious COVID-19 Delta variant.</p><p><blockquote>本周公布的其他关键指标包括零售销售和消费者信心，这可能表明经济重新参与推动的需求繁荣在多大程度上受到了高度传染性的COVID-19德尔塔变异毒株的抑制。</blockquote></p><p> The Dow Jones Industrial Average rose 261.91 points, or 0.76%, to 34,869.63, the S&amp;P 500 gained 10.15 points, or 0.23%, at 4,468.73 and the Nasdaq Composite dropped 9.91 points, or 0.07%, to 15,105.58.</p><p><blockquote>道琼斯工业平均指数上涨261.91点，涨幅0.76%，至34,869.63点；标普500上涨10.15点，涨幅0.23%，至4,468.73点；纳斯达克综合指数下跌9.91点，涨幅0.07%，至15,105.58点。</blockquote></p><p> Of the 11 major sectors in the S&amp;P 500, healthcare suffered the largest percentage loss, while energy, buoyed by rising crude prices was the biggest gainer.</p><p><blockquote>在标普500 11个主要板块中，医疗保健板块跌幅最大，而受原油价格上涨提振的能源板块涨幅最大。</blockquote></p><p> Shares of vaccine makers Moderna and Pfizer Inc sank 6.6% and 2.2%, respectively, after experts said COVID booster shots are not widely needed.</p><p><blockquote>在专家表示不广泛需要新冠加强注射后，疫苗制造商Moderna和辉瑞公司的股价分别下跌6.6%和2.2%。</blockquote></p><p> Coinbase Global Inc announced plans to raise about $1.5 billion through a debt offering aimed at funding product development and potential acquisitions. The cryptocurrency exchanges shares slid 2.2%.</p><p><blockquote>Coinbase Global Inc宣布计划通过发债筹集约15亿美元，旨在为产品开发和潜在收购提供资金。加密货币交易所股价下跌2.2%。</blockquote></p><p> Salesforce.com Inc dipped 1.2% as rival Freshworks Inc’s regulatory filing indicated that the business engagement and customer engagement software company is aiming for a nearly $9 billion valuation in it U.S. debut.</p><p><blockquote>Salesforce.com Inc下跌1.2%，竞争对手Freshworks Inc的监管文件显示，这家业务参与和客户参与软件公司的目标是在美国首次亮相时估值接近90亿美元。</blockquote></p><p> Advancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.02-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股与下跌股的比例为1.60比1；在纳斯达克，1.02比1的比率有利于上涨者。</blockquote></p><p> The S&amp;P 500 posted 12 new 52-week highs and one new low; the Nasdaq Composite recorded 53 new highs and 71 new lows.</p><p><blockquote>标普500创下12个52周新高和1个新低；纳斯达克综合指数录得53个新高和71个新低。</blockquote></p><p> Volume on U.S. exchanges was 10.30 billion shares, compared with the 9.29 billion average over the last 20 trading days.</p><p><blockquote>美国交易所成交量为103亿股，而过去20个交易日的平均成交量为92.9亿股。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-snaps-losing-streak-with-tax-hikes-inflation-data-on-horizon-idUSL1N2QF2DB\">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":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-snaps-losing-streak-with-tax-hikes-inflation-data-on-horizon-idUSL1N2QF2DB","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178276551","content_text":"NEW YORK (Reuters) - The S&P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.\nThe Dow Jones Industrial Average also advanced, but the Nasdaq Composite Index ended lower.\nInvestors favored value over growth, with stocks set to benefit most from a resurging economy enjoying the biggest percentage gains.\n“There are probably not a lot of positive surprises coming this month,” said Liz Young, head of investment strategy at SoFi in New York. “We’re having another period of volatility where I think that rotation could go back to cyclicals and the reopened trade, as the 10-year bond rate slowly grinds higher through the end of the year.”\nMarket participants are focused on the likely passage of U.S. President Joe Biden’s $3.5 trillion budget package, which is expected to include a proposed corporate tax rate hike to 26.5% from 21%.\nGoldman Sachs analysts see the corporate tax rate increasing to 25% and the passage of about half of a proposed increase to tax rates on foreign income, which they estimate would reduce S&P 500 earnings by 5% in 2022.\nThe Labor Department is due to release its consumer price index data on Tuesday, which could shed further light on the current inflation wave and whether it is as transitory as the Fed insists.\n“I don’t see inflation settling back down under 2% where it was pre-pandemic,” Young added. “Even if some of those transitory forces weaken, we will still stay at a higher rate than we were before.”\nOther key indicators due this week include retail sales and consumer sentiment, which could illuminate how much the demand boom driven by economic re-engagement has been dampened by the highly contagious COVID-19 Delta variant.\nThe Dow Jones Industrial Average rose 261.91 points, or 0.76%, to 34,869.63, the S&P 500 gained 10.15 points, or 0.23%, at 4,468.73 and the Nasdaq Composite dropped 9.91 points, or 0.07%, to 15,105.58.\nOf the 11 major sectors in the S&P 500, healthcare suffered the largest percentage loss, while energy, buoyed by rising crude prices was the biggest gainer.\nShares of vaccine makers Moderna and Pfizer Inc sank 6.6% and 2.2%, respectively, after experts said COVID booster shots are not widely needed.\nCoinbase Global Inc announced plans to raise about $1.5 billion through a debt offering aimed at funding product development and potential acquisitions. The cryptocurrency exchanges shares slid 2.2%.\nSalesforce.com Inc dipped 1.2% as rival Freshworks Inc’s regulatory filing indicated that the business engagement and customer engagement software company is aiming for a nearly $9 billion valuation in it U.S. debut.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.02-to-1 ratio favored advancers.\nThe S&P 500 posted 12 new 52-week highs and one new low; the Nasdaq Composite recorded 53 new highs and 71 new lows.\nVolume on U.S. exchanges was 10.30 billion shares, compared with the 9.29 billion average over the last 20 trading days.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1914,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888003339,"gmtCreate":1631410874321,"gmtModify":1631890456291,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575324916676606","idStr":"3575324916676606"},"themes":[],"htmlText":"To the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/888003339","repostId":"2166772293","repostType":4,"isVote":1,"tweetType":1,"viewCount":1581,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881877666,"gmtCreate":1631327219855,"gmtModify":1631890456293,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575324916676606","idStr":"3575324916676606"},"themes":[],"htmlText":"To the moon","listText":"To the moon","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/881877666","repostId":"2166711943","repostType":4,"isVote":1,"tweetType":1,"viewCount":2462,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":883262336,"gmtCreate":1631245278925,"gmtModify":1631890456296,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575324916676606","idStr":"3575324916676606"},"themes":[],"htmlText":"To the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/883262336","repostId":"1109335825","repostType":4,"repost":{"id":"1109335825","kind":"news","pubTimestamp":1631244962,"share":"https://www.laohu8.com/m/news/1109335825?lang=zh_CN&edition=full","pubTime":"2021-09-10 11:36","market":"hk","language":"en","title":"Significant Upside Potential In XPeng's Valuation<blockquote>小鹏汽车估值上涨潜力巨大</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109335825","media":"Seeking Alpha","summary":"Summary\n\nFounded in 2014, XPeng is a Chinese electric vehicle manufacturer. The company has two mode","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Founded in 2014, XPeng is a Chinese electric vehicle manufacturer. The company has two models, the G3, which is a sport utility vehicle, and a smart sedan called P7.</li>  <li>The company’s cars come with XPILOT 2.5, but will soon incorporate XPILOT 3.5 and XPILOT 4.0. The new technology will include many more perception sensors including radars and high-resolution cameras.</li>  <li>XPEV will most likely deliver sales growth of close to 30%-25% in the next nine years. Notice that my numbers are not far from the sales growth delivered by Tesla.</li>  <li>I designed a DCF model including FCF/Sales of 8%-7% and sales growth of 30%-28% from 2026 to 2030. The implied stock price is equal to $114-$157.</li>  <li>I used a WACC of 6.7% because I am expecting a significant decrease in the company’s volatility, which may diminish the company’s beta. In my view, more sales growth and better margins will most likely increase the demand for the stock and decrease volatility.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45f094bec5a7e731c30721c91e342c6b\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>SimonSkafar/E+ via Getty Images</span></p><p><blockquote><ul><li>小鹏汽车成立于2014年，是一家中国电动汽车制造商。该公司有两款车型，一款是运动型多用途车G3，另一款是名为P7的智能轿车。</li><li>该公司的汽车配备了XPILOT 2.5，但很快将纳入XPILOT 3.5和XPILOT 4.0。这项新技术将包括更多的感知传感器，包括雷达和高分辨率摄像头。</li><li>XPEV很可能在未来九年内实现近30%-25%的销售增长。请注意，我的数据与特斯拉的销售增长相差不远。</li><li>我设计了一个DCF模型，包括2026-2030年FCF/销售额8%-7%，销售额增长30%-28%。隐含股价等于114-157美元。</li><li>我使用6.7%的WACC，因为我预计公司的波动性将显着下降，这可能会降低公司的贝塔值。在我看来，更多的销售增长和更好的利润率很可能会增加对股票的需求并降低波动性。</li></ul><p class=\"t-img-caption\"><span>SimonSkafar/E+来自Getty Images</span></p></blockquote></p><p> With billions invested in new XPILOT technologies, XPeng (XPEV) could surprise drivers when the management delivers the new technology. The company also has a significant amount of cash to invest in marketing in China and internationally. With this in mind and assuming that XPEV will look like Tesla (TSLA) in the future, I designed a DCF model. I used FCF/Sales of 8-7% and sales growth of 30-28% from 2026 to 2030. The company’s implied valuation is close to $114-157. There is significant upside potential in the company’s valuation.</p><p><blockquote>随着数十亿美元投资于新的XPILOT技术，当管理层推出新技术时，小鹏汽车(XPEV)可能会给驾驶员带来惊喜。该公司还拥有大量现金用于投资中国和国际营销。考虑到这一点，并假设XPEV在未来看起来会像特斯拉(TSLA)，我设计了一个DCF模型。从2026年到2030年，我使用的FCF/销售额为8-7%，销售额增长率为30-28%。该公司的隐含估值接近114-157美元。公司估值有很大的上行潜力。</blockquote></p><p> <b>Business: New XPILOT Technologies And International Expansion</b></p><p><blockquote><b>业务：新XPILOT技术和国际扩张</b></blockquote></p><p> Founded in 2014, XPeng is a Chinese electric vehicle manufacturer. The company has two models, the G3, which is a sport utility vehicle, and a smart sedan called&nbsp;P7:</p><p><blockquote>小鹏汽车成立于2014年，是一家中国电动汽车制造商。该公司有两款车型：运动型多用途车G3和名为P 7的智能轿车：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/acabdc3dd5b0d0c462eba459a9e1e1bb\" tg-width=\"1238\" tg-height=\"828\" width=\"100%\" height=\"auto\"><span>Source: Company’s Website</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司网站</span></p></blockquote></p><p> The company’s cars come with XPILOT 2.5, but will soon incorporate&nbsp;XPILOT 3.5&nbsp;and XPILOT 4.0. The new technology will include many more perception sensors including radars and high-resolution cameras. In my opinion, when investors learn about the new technologies that XPEV is about to release, the demand for the stock will increase:</p><p><blockquote>该公司的汽车配备了XPILOT 2.5，但很快将纳入XPILOT 3.5和XPILOT 4.0。这项新技术将包括更多的感知传感器，包括雷达和高分辨率摄像头。在我看来，当投资者了解到XPEV即将发布的新技术时，对该股的需求将会增加：</blockquote></p><p>   The new architecture comprises 32 perception sensors (including 2 LiDAR units, 12 ultrasonic sensors, 5 millimeter-wave radars, and 13 high-resolution cameras) and 1 high-precision positioning unit (GNSS + IMU), integrated into 360° dual-perception fusion to provide sufficient redundancy across the perception sensors to handle challenging and complex road conditions. Source: YouTube  In my opinion, the other catalyst for the stock is the company’s international expansion. I don’t think investors are taking into account that close to 5% of XPEV’s net proceeds from recent sales of equity are being used for expanding the company’s presence in&nbsp;Europe&nbsp;and elsewhere. If you factor in the market opportunity outside China, XPEV’s future free cash flow explodes up:</p><p><blockquote>新架构包括32个感知传感器（包括2个激光雷达单元、12个超声波传感器、5个毫米波雷达和13个高分辨率摄像头）和1个高精度定位单元（GNSS+IMU），集成到360°双感知融合中，为感知传感器提供足够的冗余，以应对具有挑战性和复杂的路况。来源：YouTube在我看来，该股的另一个催化剂是该公司的国际扩张。我认为投资者没有考虑到XPEV最近出售股权的净收益中有近5%被用于扩大公司在欧洲和其他地方的业务。如果考虑到中国以外的市场机会，XPEV未来的自由现金流会爆炸式增长：</blockquote></p><p>   Approximately 5% (approximately HK$689.0 million) of the net proceeds is expected to be used for strategically building and expanding our presence in international markets, starting with certain European markets. Source:Prospectus  <b>Financial Situation: Significant Amount Of Cash</b></p><p><blockquote>所得款项净额约5%（约689.0百万港元）预期将用于策略性地建立及扩大我们于国际市场的业务，首先是若干欧洲市场。资料来源：招股章程<b>财务状况：大量现金</b></blockquote></p><p> In June 2021, XPEV reported $7 billion in total assets, including $4.3 billion in cash and short-term deposits, and liabilities worth $2 billion. With these financial figures, I believe that the company has the financial power to invest in research and developments as well as marketing efforts. The company has everything needed to enhance sales growth:</p><p><blockquote>2021年6月，XPEV报告总资产为70亿美元，其中现金和短期存款43亿美元，负债价值20亿美元。有了这些财务数据，我相信公司有财力投资于研发和营销工作。该公司拥有促进销售增长所需的一切：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e2abf76887014f48a87c9c7a7029035\" tg-width=\"1280\" tg-height=\"451\" width=\"100%\" height=\"auto\"><span>Source: 10-Q</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：10-Q</span></p></blockquote></p><p> As of June 30, 2021, XPEV reported $247 million in long-term borrowings. The company’s long-term borrowings don’t seem worrying. That’s not all. XPEV reports a significant amount of deferred revenue, which means that clients pay in advance to have the company’s products. It means two things. First, the company may not have to talk to bankers because clients finance the development of cars. Second, there is a significant demand for XPEV’s products:</p><p><blockquote>截至2021年6月30日，XPEV报告的长期借款为2.47亿美元。该公司的长期借款似乎并不令人担忧。这还不是全部。XPEV报告了大量递延收入，这意味着客户需要提前付款才能获得该公司的产品。这意味着两件事。首先，该公司可能不必与银行家交谈，因为客户为汽车的开发提供资金。其次，XPEV的产品需求巨大：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/397f5fd8052072ff7a3b46566ef81f21\" tg-width=\"710\" tg-height=\"545\" width=\"100%\" height=\"auto\"><span>Source: 10-Q</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：10-Q</span></p></blockquote></p><p> <b>Base Case Scenario</b></p><p><blockquote><b>基本情况</b></blockquote></p><p></p><p> In my view, if the company continues to offer innovative technologies, sales growth will remain elevated. In the base case scenario, I assumed that the company will introduce its XPILOT 3.5 and XPILOT 4.0 to support the next-generation autonomous driving hardware. Besides, I also assumed that the company will successfully redesign its powertrain and E/E architecture to offer cost efficiency, and compete with vehicles of NIO (NIO) or Tesla(NASDAQ:TSLA).</p><p><blockquote>在我看来，如果公司继续提供创新技术，销售增长将保持较高水平。在基本情况下，我假设该公司将推出XPILOT 3.5和XPILOT 4.0来支持下一代自动驾驶硬件。此外，我还假设该公司将成功重新设计其动力总成和E/E架构，以提供成本效率，并与蔚来（蔚来）或特斯拉（纳斯达克：TSLA）的汽车竞争。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a8c3ebcbc58030fe748c5eada31f3b2c\" tg-width=\"1153\" tg-height=\"763\" width=\"100%\" height=\"auto\"><span>Source: XPILOT - YouTube</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：Xpilot-YouTube</span></p></blockquote></p><p> I would also expect XPEV to increase the monetization of software and content offerings like the company has done in monetizing its XPILOT tools. Besides, if the company successfully collaborates with third-party app developers, I would be expecting XPEV to find many more monetization models.</p><p><blockquote>我还希望XPEV能够增加软件和内容产品的货币化，就像该公司通过XPILOT工具货币化所做的那样。此外，如果该公司成功与第三方应用程序开发商合作，我预计XPEV会找到更多的盈利模式。</blockquote></p><p> In my view, with these assumptions, XPEV will be able to deliver sales growth of close to 30%-25% in the next nine years. Notice that my numbers are not far from the sales growth delivered by Tesla. The American company delivered more than 240% sales growth from 2012 to 2014, and then around 29-33% from 2016 to 2021:</p><p><blockquote>在我看来，根据这些假设，XPEV将能够在未来九年内实现接近30%-25%的销量增长。请注意，我的数据与特斯拉的销售增长相差不远。这家美国公司从2012年到2014年的销售额增长了240%以上，然后从2016年到2021年增长了29-33%左右：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4b1c352dfb330231a94c71f9fcdb2ff9\" tg-width=\"810\" tg-height=\"540\" width=\"100%\" height=\"auto\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> I also looked at the profitability of Tesla to understand when XPEV could start delivering cash flow from operations. Tesla took close to 14-16 years to offer positive and significant cash flow from operations. XPEV will most likely be faster because it may obtain certain strategic information from the vehicles of NIO and Tesla. With that, I will be assuming that after 14-16 years of the creation of the company, XPEV’s cash flow will be positive:</p><p><blockquote>我还研究了特斯拉的盈利能力，以了解XPEV何时可以开始提供运营现金流。特斯拉花了近14-16年的时间才从运营中提供了积极且可观的现金流。XPEV很可能会更快，因为它可能会从蔚来和特斯拉的车辆中获得某些战略信息。因此，我假设公司成立14-16年后，XPEV的现金流将为正：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/268a9c3e5020079c07fc78fdf0bb2948\" tg-width=\"806\" tg-height=\"537\" width=\"100%\" height=\"auto\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> My cash flow figures are given in the table below. I expect negative cash flow from operations from 2021 to 2027 and a gradual increase from 2028 to 2030. In 2030, I assumed sales growth of 25%, Capex/sales of 4%, and FCF/Sales of 6%. Tesla’s FCF/Sales is currently equal to 8%. However, I used a free cash flow margin lower than that of Tesla because I expect many new entrants in the electric vehicle industry:</p><p><blockquote>我的现金流数据如下表所示。我预计2021年至2027年运营现金流为负，2028年至2030年将逐渐增加。2030年，我假设销售额增长25%，资本支出/销售额增长4%，自由现金流/销售额增长6%。特斯拉的自由现金流/销售额目前等于8%。然而，我使用了低于特斯拉的自由现金流利润率，因为我预计电动汽车行业会有许多新进入者：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4e70c302478a243eabc9687737d71948\" tg-width=\"1280\" tg-height=\"398\" width=\"100%\" height=\"auto\"><span>Source: My Figures Based On Tesla’s Figures</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：我的数据基于特斯拉的数据</span></p></blockquote></p><p> I assumed a&nbsp;WACC of 7.26%, which is pretty much close to that of other vehicle manufacturers in China. I am not becoming very conservative or very optimistic. I am using what the market thinks about the XPEV’s risks:</p><p><blockquote>我假设WACC为7.26%，与中国其他汽车制造商的WACC非常接近。我没有变得非常保守或非常乐观。我使用的是市场对XPEV风险的看法：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3ea2f16d5b605e6c3a231c197b1e9a8\" tg-width=\"494\" tg-height=\"362\" width=\"100%\" height=\"auto\"><span>Source: XPeng WACC % | XPEV - GuruFocus.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：小鹏汽车WACC%|XPEV-GuruFocus.com</span></p></blockquote></p><p> With a 2031 FCF of CNY18 billion, an exit multiple of 67x, net debt close to -CNY27 billion, and a share count of 796 million, the implied share price is equal to CNY796. If we use dollars, the fair value is close to $114. Traders are currently buying shares at a deep discount, at $39. For some reason, given the most recent price dynamics, I would say that investors are accumulating shares at $36-40:</p><p><blockquote>2031年自由现金流为180亿元人民币，退出倍数为67倍，净债务接近-270亿元人民币，股数为7.96亿股，隐含股价等于796元人民币。如果我们使用美元，公允价值接近114美元。交易员目前以39美元的大幅折扣购买股票。出于某种原因，考虑到最近的价格动态，我想说投资者正在以36-40美元的价格积累股票：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5237646731308cc5239ea12ad336e3e3\" tg-width=\"1280\" tg-height=\"354\" width=\"100%\" height=\"auto\"><span>Source: My Figures Based On Tesla’s Figures</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：我的数据基于特斯拉的数据</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/60a625f99f6ab5e57589f74eee5d0738\" tg-width=\"1088\" tg-height=\"297\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法</span></p></blockquote></p><p> <b>Optimistic Case Scenario</b></p><p><blockquote><b>乐观情况</b></blockquote></p><p> Under my optimistic case scenario, XPEV would expand significantly its presence in physical stores in cities, so the company’s EVs will find demand. Besides, the company would increase its marketing efforts, and the network of XPeng-branded supercharging stations would substantially expand.</p><p><blockquote>在我乐观的情况下，XPEV将大幅扩大其在城市实体店的业务，因此该公司的电动汽车将会找到需求。此外，公司将加大营销力度，小鹏品牌超级充电站网络将大幅扩张。</blockquote></p><p> Besides, under this case scenario, the company will be able to sell outside China. In 2020, the company delivered the first batch of the G3 in Norway. If XPEV can sell all over Europe, I believe that sales growth will remain high:</p><p><blockquote>此外，在这种情况下，该公司将能够在中国境外销售。2020年，该公司在挪威交付了首批G3。如果XPEV能卖遍欧洲，相信销量增长还会保持高位：</blockquote></p><p></p><p>   We plan to continue to expand into other international markets, starting with certain European markets. We aim to build and enhance our overseas sales and services capability, and to adapt the user interfaces of our software systems to optimize our products and services for consumers in overseas markets. Source:Prospectus  With these new assumptions, I believe that the company’s sales growth would be close to 30-28% from 2026 to 2030. I also assumed CFO/Sales of 5%-11% from 2028 to 2030 and FCF/Sales of 8%-7%:</p><p><blockquote>我们计划继续扩展到其他国际市场，首先是某些欧洲市场。我们旨在建立及提升我们的海外销售及服务能力，并调整我们软件系统的用户界面，以优化我们为海外市场消费者提供的产品及服务。资料来源：招股书有了这些新的假设，我相信公司2026年至2030年的销售额增长将接近30-28%。我还假设2028年至2030年CFO/销售额为5%-11%，FCF/销售额为8%-7%：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7c9943f75ddd7cff700777aa946436fa\" tg-width=\"1280\" tg-height=\"271\" width=\"100%\" height=\"auto\"><span>Source: My Figures Based On Tesla’s Figures</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：我的数据基于特斯拉的数据</span></p></blockquote></p><p> Under this case scenario, the company’s sales growth is larger than that in the base case scenario. Both the free cash flow margin and the CFO margin are also more significant. Hence, I used an exit multiple of 87x, which is larger than that in the base case scenario.</p><p><blockquote>在该案例情景下，公司的销售额增长幅度大于基准案例情景下的销售额增长幅度。自由现金流利润率和首席财务官利润率也更为重要。因此，我使用了87倍的退出倍数，这比基本情况下的要大。</blockquote></p><p> I used a WACC of 6.7% because I am expecting a significant decrease in the company’s volatility, which may diminish the company’s beta. In my view, more sales growth and better margins will most likely increase the demand for the stock and decrease volatility. Putting everything together, I obtained a share price of $157.</p><p><blockquote>我使用6.7%的WACC，因为我预计公司的波动性将显着下降，这可能会降低公司的贝塔值。在我看来，更多的销售增长和更好的利润率很可能会增加对股票的需求并降低波动性。把所有的东西放在一起，我得到了157美元的股价。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/72ffa20f2e1a2f66bbad67c59ef709f7\" tg-width=\"1280\" tg-height=\"352\" width=\"100%\" height=\"auto\"><span>Source: My Figures Based On Tesla’s Figures</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：我的数据基于特斯拉的数据</span></p></blockquote></p><p> <b>R&amp;D Activities May Not Be Successful</b></p><p><blockquote><b>研发活动未必成功</b></blockquote></p><p> In my opinion, XPEV’s main strategy comes from investments in research and development. The company’s innovations in autonomous driving, powertrain, and E/E architecture will most likely define the company’s future success. With that, if the company’s R&amp;D efforts fail against that of competitors, the company’s reputation may be damaged. As a result, I would be expecting a decline in the revenue line. In this case scenario, the expectations for free cash flow will decline, which may lead to a reduction in the company’s valuation.</p><p><blockquote>在我看来，XPEV的主要战略来自于对研发的投资。该公司在自动驾驶、动力总成和E/E架构方面的创新将很可能决定该公司未来的成功。因此，如果公司的研发努力未能与竞争对手相比，公司的声誉可能会受到损害。因此，我预计收入会下降。在这种情况下，对自由现金流的预期会下降，这可能会导致公司估值下降。</blockquote></p><p> <b>Autonomous Driving Technologies And Accidents</b></p><p><blockquote><b>自动驾驶技术和事故</b></blockquote></p><p> XPEV will most likely suffer, like Tesla, from accidents associated with autonomous driving systems. These events may negatively affect public perception, and will most likely trigger government scrutiny and further regulation. Regulations in China, Europe, or the United States could damage the company’s revenue line or diminish XPEV’s free cash flow margins. But that’s not all. XPEV may also cancel the orders already placed by the customers, which will most likely lead to a decrease in the free cash flow expectations. As a result, the company’s fair value could decline.</p><p><blockquote>XPEV很可能会像特斯拉一样遭受与自动驾驶系统相关的事故。这些事件可能会对公众认知产生负面影响，并很可能引发政府审查和进一步监管。中国、欧洲或美国的法规可能会损害公司的收入线或降低XPEV的自由现金流利润率。但这还不是全部。XPEV还可能取消客户已经下的订单，这很可能会导致自由现金流预期下降。因此，公司的公允价值可能会下降。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> XPEV is investing a significant amount of dollars in research and development to offer its new XPILOT technologies and E/E architecture. The company also has a significant amount of cash to finance marketing efforts in China and outside China. I believe that the company’s financial figures will be close to that of Tesla. With this in mind, I designed a DCF model including FCF/Sales of 8-7% and sales growth of 30-28% from 2026 to 2030. The implied stock price is equal to $114-157, which stands above the company’s current stock price.</p><p><blockquote>XPEV正在投入大量资金进行研发，以提供新的XPILOT技术和E/E架构。该公司还拥有大量现金来资助中国和中国以外的营销工作。我相信该公司的财务数字将接近特斯拉。考虑到这一点，我设计了一个DCF模型，包括2026年至2030年FCF/销售额增长8-7%，销售额增长30-28%。隐含股价等于114-157美元，高于公司当前股价。</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>Significant Upside Potential In XPeng's Valuation<blockquote>小鹏汽车估值上涨潜力巨大</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\">\nSignificant Upside Potential In XPeng's Valuation<blockquote>小鹏汽车估值上涨潜力巨大</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-09-10 11:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Founded in 2014, XPeng is a Chinese electric vehicle manufacturer. The company has two models, the G3, which is a sport utility vehicle, and a smart sedan called P7.</li>  <li>The company’s cars come with XPILOT 2.5, but will soon incorporate XPILOT 3.5 and XPILOT 4.0. The new technology will include many more perception sensors including radars and high-resolution cameras.</li>  <li>XPEV will most likely deliver sales growth of close to 30%-25% in the next nine years. Notice that my numbers are not far from the sales growth delivered by Tesla.</li>  <li>I designed a DCF model including FCF/Sales of 8%-7% and sales growth of 30%-28% from 2026 to 2030. The implied stock price is equal to $114-$157.</li>  <li>I used a WACC of 6.7% because I am expecting a significant decrease in the company’s volatility, which may diminish the company’s beta. In my view, more sales growth and better margins will most likely increase the demand for the stock and decrease volatility.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45f094bec5a7e731c30721c91e342c6b\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>SimonSkafar/E+ via Getty Images</span></p><p><blockquote><ul><li>小鹏汽车成立于2014年，是一家中国电动汽车制造商。该公司有两款车型，一款是运动型多用途车G3，另一款是名为P7的智能轿车。</li><li>该公司的汽车配备了XPILOT 2.5，但很快将纳入XPILOT 3.5和XPILOT 4.0。这项新技术将包括更多的感知传感器，包括雷达和高分辨率摄像头。</li><li>XPEV很可能在未来九年内实现近30%-25%的销售增长。请注意，我的数据与特斯拉的销售增长相差不远。</li><li>我设计了一个DCF模型，包括2026-2030年FCF/销售额8%-7%，销售额增长30%-28%。隐含股价等于114-157美元。</li><li>我使用6.7%的WACC，因为我预计公司的波动性将显着下降，这可能会降低公司的贝塔值。在我看来，更多的销售增长和更好的利润率很可能会增加对股票的需求并降低波动性。</li></ul><p class=\"t-img-caption\"><span>SimonSkafar/E+来自Getty Images</span></p></blockquote></p><p> With billions invested in new XPILOT technologies, XPeng (XPEV) could surprise drivers when the management delivers the new technology. The company also has a significant amount of cash to invest in marketing in China and internationally. With this in mind and assuming that XPEV will look like Tesla (TSLA) in the future, I designed a DCF model. I used FCF/Sales of 8-7% and sales growth of 30-28% from 2026 to 2030. The company’s implied valuation is close to $114-157. There is significant upside potential in the company’s valuation.</p><p><blockquote>随着数十亿美元投资于新的XPILOT技术，当管理层推出新技术时，小鹏汽车(XPEV)可能会给驾驶员带来惊喜。该公司还拥有大量现金用于投资中国和国际营销。考虑到这一点，并假设XPEV在未来看起来会像特斯拉(TSLA)，我设计了一个DCF模型。从2026年到2030年，我使用的FCF/销售额为8-7%，销售额增长率为30-28%。该公司的隐含估值接近114-157美元。公司估值有很大的上行潜力。</blockquote></p><p> <b>Business: New XPILOT Technologies And International Expansion</b></p><p><blockquote><b>业务：新XPILOT技术和国际扩张</b></blockquote></p><p> Founded in 2014, XPeng is a Chinese electric vehicle manufacturer. The company has two models, the G3, which is a sport utility vehicle, and a smart sedan called&nbsp;P7:</p><p><blockquote>小鹏汽车成立于2014年，是一家中国电动汽车制造商。该公司有两款车型：运动型多用途车G3和名为P 7的智能轿车：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/acabdc3dd5b0d0c462eba459a9e1e1bb\" tg-width=\"1238\" tg-height=\"828\" width=\"100%\" height=\"auto\"><span>Source: Company’s Website</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司网站</span></p></blockquote></p><p> The company’s cars come with XPILOT 2.5, but will soon incorporate&nbsp;XPILOT 3.5&nbsp;and XPILOT 4.0. The new technology will include many more perception sensors including radars and high-resolution cameras. In my opinion, when investors learn about the new technologies that XPEV is about to release, the demand for the stock will increase:</p><p><blockquote>该公司的汽车配备了XPILOT 2.5，但很快将纳入XPILOT 3.5和XPILOT 4.0。这项新技术将包括更多的感知传感器，包括雷达和高分辨率摄像头。在我看来，当投资者了解到XPEV即将发布的新技术时，对该股的需求将会增加：</blockquote></p><p>   The new architecture comprises 32 perception sensors (including 2 LiDAR units, 12 ultrasonic sensors, 5 millimeter-wave radars, and 13 high-resolution cameras) and 1 high-precision positioning unit (GNSS + IMU), integrated into 360° dual-perception fusion to provide sufficient redundancy across the perception sensors to handle challenging and complex road conditions. Source: YouTube  In my opinion, the other catalyst for the stock is the company’s international expansion. I don’t think investors are taking into account that close to 5% of XPEV’s net proceeds from recent sales of equity are being used for expanding the company’s presence in&nbsp;Europe&nbsp;and elsewhere. If you factor in the market opportunity outside China, XPEV’s future free cash flow explodes up:</p><p><blockquote>新架构包括32个感知传感器（包括2个激光雷达单元、12个超声波传感器、5个毫米波雷达和13个高分辨率摄像头）和1个高精度定位单元（GNSS+IMU），集成到360°双感知融合中，为感知传感器提供足够的冗余，以应对具有挑战性和复杂的路况。来源：YouTube在我看来，该股的另一个催化剂是该公司的国际扩张。我认为投资者没有考虑到XPEV最近出售股权的净收益中有近5%被用于扩大公司在欧洲和其他地方的业务。如果考虑到中国以外的市场机会，XPEV未来的自由现金流会爆炸式增长：</blockquote></p><p>   Approximately 5% (approximately HK$689.0 million) of the net proceeds is expected to be used for strategically building and expanding our presence in international markets, starting with certain European markets. Source:Prospectus  <b>Financial Situation: Significant Amount Of Cash</b></p><p><blockquote>所得款项净额约5%（约689.0百万港元）预期将用于策略性地建立及扩大我们于国际市场的业务，首先是若干欧洲市场。资料来源：招股章程<b>财务状况：大量现金</b></blockquote></p><p> In June 2021, XPEV reported $7 billion in total assets, including $4.3 billion in cash and short-term deposits, and liabilities worth $2 billion. With these financial figures, I believe that the company has the financial power to invest in research and developments as well as marketing efforts. The company has everything needed to enhance sales growth:</p><p><blockquote>2021年6月，XPEV报告总资产为70亿美元，其中现金和短期存款43亿美元，负债价值20亿美元。有了这些财务数据，我相信公司有财力投资于研发和营销工作。该公司拥有促进销售增长所需的一切：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e2abf76887014f48a87c9c7a7029035\" tg-width=\"1280\" tg-height=\"451\" width=\"100%\" height=\"auto\"><span>Source: 10-Q</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：10-Q</span></p></blockquote></p><p> As of June 30, 2021, XPEV reported $247 million in long-term borrowings. The company’s long-term borrowings don’t seem worrying. That’s not all. XPEV reports a significant amount of deferred revenue, which means that clients pay in advance to have the company’s products. It means two things. First, the company may not have to talk to bankers because clients finance the development of cars. Second, there is a significant demand for XPEV’s products:</p><p><blockquote>截至2021年6月30日，XPEV报告的长期借款为2.47亿美元。该公司的长期借款似乎并不令人担忧。这还不是全部。XPEV报告了大量递延收入，这意味着客户需要提前付款才能获得该公司的产品。这意味着两件事。首先，该公司可能不必与银行家交谈，因为客户为汽车的开发提供资金。其次，XPEV的产品需求巨大：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/397f5fd8052072ff7a3b46566ef81f21\" tg-width=\"710\" tg-height=\"545\" width=\"100%\" height=\"auto\"><span>Source: 10-Q</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：10-Q</span></p></blockquote></p><p> <b>Base Case Scenario</b></p><p><blockquote><b>基本情况</b></blockquote></p><p></p><p> In my view, if the company continues to offer innovative technologies, sales growth will remain elevated. In the base case scenario, I assumed that the company will introduce its XPILOT 3.5 and XPILOT 4.0 to support the next-generation autonomous driving hardware. Besides, I also assumed that the company will successfully redesign its powertrain and E/E architecture to offer cost efficiency, and compete with vehicles of NIO (NIO) or Tesla(NASDAQ:TSLA).</p><p><blockquote>在我看来，如果公司继续提供创新技术，销售增长将保持较高水平。在基本情况下，我假设该公司将推出XPILOT 3.5和XPILOT 4.0来支持下一代自动驾驶硬件。此外，我还假设该公司将成功重新设计其动力总成和E/E架构，以提供成本效率，并与蔚来（蔚来）或特斯拉（纳斯达克：TSLA）的汽车竞争。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a8c3ebcbc58030fe748c5eada31f3b2c\" tg-width=\"1153\" tg-height=\"763\" width=\"100%\" height=\"auto\"><span>Source: XPILOT - YouTube</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：Xpilot-YouTube</span></p></blockquote></p><p> I would also expect XPEV to increase the monetization of software and content offerings like the company has done in monetizing its XPILOT tools. Besides, if the company successfully collaborates with third-party app developers, I would be expecting XPEV to find many more monetization models.</p><p><blockquote>我还希望XPEV能够增加软件和内容产品的货币化，就像该公司通过XPILOT工具货币化所做的那样。此外，如果该公司成功与第三方应用程序开发商合作，我预计XPEV会找到更多的盈利模式。</blockquote></p><p> In my view, with these assumptions, XPEV will be able to deliver sales growth of close to 30%-25% in the next nine years. Notice that my numbers are not far from the sales growth delivered by Tesla. The American company delivered more than 240% sales growth from 2012 to 2014, and then around 29-33% from 2016 to 2021:</p><p><blockquote>在我看来，根据这些假设，XPEV将能够在未来九年内实现接近30%-25%的销量增长。请注意，我的数据与特斯拉的销售增长相差不远。这家美国公司从2012年到2014年的销售额增长了240%以上，然后从2016年到2021年增长了29-33%左右：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4b1c352dfb330231a94c71f9fcdb2ff9\" tg-width=\"810\" tg-height=\"540\" width=\"100%\" height=\"auto\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> I also looked at the profitability of Tesla to understand when XPEV could start delivering cash flow from operations. Tesla took close to 14-16 years to offer positive and significant cash flow from operations. XPEV will most likely be faster because it may obtain certain strategic information from the vehicles of NIO and Tesla. With that, I will be assuming that after 14-16 years of the creation of the company, XPEV’s cash flow will be positive:</p><p><blockquote>我还研究了特斯拉的盈利能力，以了解XPEV何时可以开始提供运营现金流。特斯拉花了近14-16年的时间才从运营中提供了积极且可观的现金流。XPEV很可能会更快，因为它可能会从蔚来和特斯拉的车辆中获得某些战略信息。因此，我假设公司成立14-16年后，XPEV的现金流将为正：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/268a9c3e5020079c07fc78fdf0bb2948\" tg-width=\"806\" tg-height=\"537\" width=\"100%\" height=\"auto\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> My cash flow figures are given in the table below. I expect negative cash flow from operations from 2021 to 2027 and a gradual increase from 2028 to 2030. In 2030, I assumed sales growth of 25%, Capex/sales of 4%, and FCF/Sales of 6%. Tesla’s FCF/Sales is currently equal to 8%. However, I used a free cash flow margin lower than that of Tesla because I expect many new entrants in the electric vehicle industry:</p><p><blockquote>我的现金流数据如下表所示。我预计2021年至2027年运营现金流为负，2028年至2030年将逐渐增加。2030年，我假设销售额增长25%，资本支出/销售额增长4%，自由现金流/销售额增长6%。特斯拉的自由现金流/销售额目前等于8%。然而，我使用了低于特斯拉的自由现金流利润率，因为我预计电动汽车行业会有许多新进入者：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4e70c302478a243eabc9687737d71948\" tg-width=\"1280\" tg-height=\"398\" width=\"100%\" height=\"auto\"><span>Source: My Figures Based On Tesla’s Figures</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：我的数据基于特斯拉的数据</span></p></blockquote></p><p> I assumed a&nbsp;WACC of 7.26%, which is pretty much close to that of other vehicle manufacturers in China. I am not becoming very conservative or very optimistic. I am using what the market thinks about the XPEV’s risks:</p><p><blockquote>我假设WACC为7.26%，与中国其他汽车制造商的WACC非常接近。我没有变得非常保守或非常乐观。我使用的是市场对XPEV风险的看法：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3ea2f16d5b605e6c3a231c197b1e9a8\" tg-width=\"494\" tg-height=\"362\" width=\"100%\" height=\"auto\"><span>Source: XPeng WACC % | XPEV - GuruFocus.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：小鹏汽车WACC%|XPEV-GuruFocus.com</span></p></blockquote></p><p> With a 2031 FCF of CNY18 billion, an exit multiple of 67x, net debt close to -CNY27 billion, and a share count of 796 million, the implied share price is equal to CNY796. If we use dollars, the fair value is close to $114. Traders are currently buying shares at a deep discount, at $39. For some reason, given the most recent price dynamics, I would say that investors are accumulating shares at $36-40:</p><p><blockquote>2031年自由现金流为180亿元人民币，退出倍数为67倍，净债务接近-270亿元人民币，股数为7.96亿股，隐含股价等于796元人民币。如果我们使用美元，公允价值接近114美元。交易员目前以39美元的大幅折扣购买股票。出于某种原因，考虑到最近的价格动态，我想说投资者正在以36-40美元的价格积累股票：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5237646731308cc5239ea12ad336e3e3\" tg-width=\"1280\" tg-height=\"354\" width=\"100%\" height=\"auto\"><span>Source: My Figures Based On Tesla’s Figures</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：我的数据基于特斯拉的数据</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/60a625f99f6ab5e57589f74eee5d0738\" tg-width=\"1088\" tg-height=\"297\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法</span></p></blockquote></p><p> <b>Optimistic Case Scenario</b></p><p><blockquote><b>乐观情况</b></blockquote></p><p> Under my optimistic case scenario, XPEV would expand significantly its presence in physical stores in cities, so the company’s EVs will find demand. Besides, the company would increase its marketing efforts, and the network of XPeng-branded supercharging stations would substantially expand.</p><p><blockquote>在我乐观的情况下，XPEV将大幅扩大其在城市实体店的业务，因此该公司的电动汽车将会找到需求。此外，公司将加大营销力度，小鹏品牌超级充电站网络将大幅扩张。</blockquote></p><p> Besides, under this case scenario, the company will be able to sell outside China. In 2020, the company delivered the first batch of the G3 in Norway. If XPEV can sell all over Europe, I believe that sales growth will remain high:</p><p><blockquote>此外，在这种情况下，该公司将能够在中国境外销售。2020年，该公司在挪威交付了首批G3。如果XPEV能卖遍欧洲，相信销量增长还会保持高位：</blockquote></p><p></p><p>   We plan to continue to expand into other international markets, starting with certain European markets. We aim to build and enhance our overseas sales and services capability, and to adapt the user interfaces of our software systems to optimize our products and services for consumers in overseas markets. Source:Prospectus  With these new assumptions, I believe that the company’s sales growth would be close to 30-28% from 2026 to 2030. I also assumed CFO/Sales of 5%-11% from 2028 to 2030 and FCF/Sales of 8%-7%:</p><p><blockquote>我们计划继续扩展到其他国际市场，首先是某些欧洲市场。我们旨在建立及提升我们的海外销售及服务能力，并调整我们软件系统的用户界面，以优化我们为海外市场消费者提供的产品及服务。资料来源：招股书有了这些新的假设，我相信公司2026年至2030年的销售额增长将接近30-28%。我还假设2028年至2030年CFO/销售额为5%-11%，FCF/销售额为8%-7%：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7c9943f75ddd7cff700777aa946436fa\" tg-width=\"1280\" tg-height=\"271\" width=\"100%\" height=\"auto\"><span>Source: My Figures Based On Tesla’s Figures</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：我的数据基于特斯拉的数据</span></p></blockquote></p><p> Under this case scenario, the company’s sales growth is larger than that in the base case scenario. Both the free cash flow margin and the CFO margin are also more significant. Hence, I used an exit multiple of 87x, which is larger than that in the base case scenario.</p><p><blockquote>在该案例情景下，公司的销售额增长幅度大于基准案例情景下的销售额增长幅度。自由现金流利润率和首席财务官利润率也更为重要。因此，我使用了87倍的退出倍数，这比基本情况下的要大。</blockquote></p><p> I used a WACC of 6.7% because I am expecting a significant decrease in the company’s volatility, which may diminish the company’s beta. In my view, more sales growth and better margins will most likely increase the demand for the stock and decrease volatility. Putting everything together, I obtained a share price of $157.</p><p><blockquote>我使用6.7%的WACC，因为我预计公司的波动性将显着下降，这可能会降低公司的贝塔值。在我看来，更多的销售增长和更好的利润率很可能会增加对股票的需求并降低波动性。把所有的东西放在一起，我得到了157美元的股价。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/72ffa20f2e1a2f66bbad67c59ef709f7\" tg-width=\"1280\" tg-height=\"352\" width=\"100%\" height=\"auto\"><span>Source: My Figures Based On Tesla’s Figures</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：我的数据基于特斯拉的数据</span></p></blockquote></p><p> <b>R&amp;D Activities May Not Be Successful</b></p><p><blockquote><b>研发活动未必成功</b></blockquote></p><p> In my opinion, XPEV’s main strategy comes from investments in research and development. The company’s innovations in autonomous driving, powertrain, and E/E architecture will most likely define the company’s future success. With that, if the company’s R&amp;D efforts fail against that of competitors, the company’s reputation may be damaged. As a result, I would be expecting a decline in the revenue line. In this case scenario, the expectations for free cash flow will decline, which may lead to a reduction in the company’s valuation.</p><p><blockquote>在我看来，XPEV的主要战略来自于对研发的投资。该公司在自动驾驶、动力总成和E/E架构方面的创新将很可能决定该公司未来的成功。因此，如果公司的研发努力未能与竞争对手相比，公司的声誉可能会受到损害。因此，我预计收入会下降。在这种情况下，对自由现金流的预期会下降，这可能会导致公司估值下降。</blockquote></p><p> <b>Autonomous Driving Technologies And Accidents</b></p><p><blockquote><b>自动驾驶技术和事故</b></blockquote></p><p> XPEV will most likely suffer, like Tesla, from accidents associated with autonomous driving systems. These events may negatively affect public perception, and will most likely trigger government scrutiny and further regulation. Regulations in China, Europe, or the United States could damage the company’s revenue line or diminish XPEV’s free cash flow margins. But that’s not all. XPEV may also cancel the orders already placed by the customers, which will most likely lead to a decrease in the free cash flow expectations. As a result, the company’s fair value could decline.</p><p><blockquote>XPEV很可能会像特斯拉一样遭受与自动驾驶系统相关的事故。这些事件可能会对公众认知产生负面影响，并很可能引发政府审查和进一步监管。中国、欧洲或美国的法规可能会损害公司的收入线或降低XPEV的自由现金流利润率。但这还不是全部。XPEV还可能取消客户已经下的订单，这很可能会导致自由现金流预期下降。因此，公司的公允价值可能会下降。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> XPEV is investing a significant amount of dollars in research and development to offer its new XPILOT technologies and E/E architecture. The company also has a significant amount of cash to finance marketing efforts in China and outside China. I believe that the company’s financial figures will be close to that of Tesla. With this in mind, I designed a DCF model including FCF/Sales of 8-7% and sales growth of 30-28% from 2026 to 2030. The implied stock price is equal to $114-157, which stands above the company’s current stock price.</p><p><blockquote>XPEV正在投入大量资金进行研发，以提供新的XPILOT技术和E/E架构。该公司还拥有大量现金来资助中国和中国以外的营销工作。我相信该公司的财务数字将接近特斯拉。考虑到这一点，我设计了一个DCF模型，包括2026年至2030年FCF/销售额增长8-7%，销售额增长30-28%。隐含股价等于114-157美元，高于公司当前股价。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4454414-xpeng-stock-significant-upside-potential-in-its-valuation\">Seeking Alpha</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":{"09868":"小鹏汽车-W","XPEV":"小鹏汽车"},"source_url":"https://seekingalpha.com/article/4454414-xpeng-stock-significant-upside-potential-in-its-valuation","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109335825","content_text":"Summary\n\nFounded in 2014, XPeng is a Chinese electric vehicle manufacturer. The company has two models, the G3, which is a sport utility vehicle, and a smart sedan called P7.\nThe company’s cars come with XPILOT 2.5, but will soon incorporate XPILOT 3.5 and XPILOT 4.0. The new technology will include many more perception sensors including radars and high-resolution cameras.\nXPEV will most likely deliver sales growth of close to 30%-25% in the next nine years. Notice that my numbers are not far from the sales growth delivered by Tesla.\nI designed a DCF model including FCF/Sales of 8%-7% and sales growth of 30%-28% from 2026 to 2030. The implied stock price is equal to $114-$157.\nI used a WACC of 6.7% because I am expecting a significant decrease in the company’s volatility, which may diminish the company’s beta. In my view, more sales growth and better margins will most likely increase the demand for the stock and decrease volatility.\n\nSimonSkafar/E+ via Getty Images\nWith billions invested in new XPILOT technologies, XPeng (XPEV) could surprise drivers when the management delivers the new technology. The company also has a significant amount of cash to invest in marketing in China and internationally. With this in mind and assuming that XPEV will look like Tesla (TSLA) in the future, I designed a DCF model. I used FCF/Sales of 8-7% and sales growth of 30-28% from 2026 to 2030. The company’s implied valuation is close to $114-157. There is significant upside potential in the company’s valuation.\nBusiness: New XPILOT Technologies And International Expansion\nFounded in 2014, XPeng is a Chinese electric vehicle manufacturer. The company has two models, the G3, which is a sport utility vehicle, and a smart sedan called P7:\nSource: Company’s Website\nThe company’s cars come with XPILOT 2.5, but will soon incorporate XPILOT 3.5 and XPILOT 4.0. The new technology will include many more perception sensors including radars and high-resolution cameras. In my opinion, when investors learn about the new technologies that XPEV is about to release, the demand for the stock will increase:\n\n The new architecture comprises 32 perception sensors (including 2 LiDAR units, 12 ultrasonic sensors, 5 millimeter-wave radars, and 13 high-resolution cameras) and 1 high-precision positioning unit (GNSS + IMU), integrated into 360° dual-perception fusion to provide sufficient redundancy across the perception sensors to handle challenging and complex road conditions. Source: YouTube\n\nIn my opinion, the other catalyst for the stock is the company’s international expansion. I don’t think investors are taking into account that close to 5% of XPEV’s net proceeds from recent sales of equity are being used for expanding the company’s presence in Europe and elsewhere. If you factor in the market opportunity outside China, XPEV’s future free cash flow explodes up:\n\n Approximately 5% (approximately HK$689.0 million) of the net proceeds is expected to be used for strategically building and expanding our presence in international markets, starting with certain European markets. Source:Prospectus\n\nFinancial Situation: Significant Amount Of Cash\nIn June 2021, XPEV reported $7 billion in total assets, including $4.3 billion in cash and short-term deposits, and liabilities worth $2 billion. With these financial figures, I believe that the company has the financial power to invest in research and developments as well as marketing efforts. The company has everything needed to enhance sales growth:\nSource: 10-Q\nAs of June 30, 2021, XPEV reported $247 million in long-term borrowings. The company’s long-term borrowings don’t seem worrying. That’s not all. XPEV reports a significant amount of deferred revenue, which means that clients pay in advance to have the company’s products. It means two things. First, the company may not have to talk to bankers because clients finance the development of cars. Second, there is a significant demand for XPEV’s products:\nSource: 10-Q\nBase Case Scenario\nIn my view, if the company continues to offer innovative technologies, sales growth will remain elevated. In the base case scenario, I assumed that the company will introduce its XPILOT 3.5 and XPILOT 4.0 to support the next-generation autonomous driving hardware. Besides, I also assumed that the company will successfully redesign its powertrain and E/E architecture to offer cost efficiency, and compete with vehicles of NIO (NIO) or Tesla(NASDAQ:TSLA).\nSource: XPILOT - YouTube\nI would also expect XPEV to increase the monetization of software and content offerings like the company has done in monetizing its XPILOT tools. Besides, if the company successfully collaborates with third-party app developers, I would be expecting XPEV to find many more monetization models.\nIn my view, with these assumptions, XPEV will be able to deliver sales growth of close to 30%-25% in the next nine years. Notice that my numbers are not far from the sales growth delivered by Tesla. The American company delivered more than 240% sales growth from 2012 to 2014, and then around 29-33% from 2016 to 2021:\nSource: YCharts\nI also looked at the profitability of Tesla to understand when XPEV could start delivering cash flow from operations. Tesla took close to 14-16 years to offer positive and significant cash flow from operations. XPEV will most likely be faster because it may obtain certain strategic information from the vehicles of NIO and Tesla. With that, I will be assuming that after 14-16 years of the creation of the company, XPEV’s cash flow will be positive:\nSource: YCharts\nMy cash flow figures are given in the table below. I expect negative cash flow from operations from 2021 to 2027 and a gradual increase from 2028 to 2030. In 2030, I assumed sales growth of 25%, Capex/sales of 4%, and FCF/Sales of 6%. Tesla’s FCF/Sales is currently equal to 8%. However, I used a free cash flow margin lower than that of Tesla because I expect many new entrants in the electric vehicle industry:\nSource: My Figures Based On Tesla’s Figures\nI assumed a WACC of 7.26%, which is pretty much close to that of other vehicle manufacturers in China. I am not becoming very conservative or very optimistic. I am using what the market thinks about the XPEV’s risks:\nSource: XPeng WACC % | XPEV - GuruFocus.com\nWith a 2031 FCF of CNY18 billion, an exit multiple of 67x, net debt close to -CNY27 billion, and a share count of 796 million, the implied share price is equal to CNY796. If we use dollars, the fair value is close to $114. Traders are currently buying shares at a deep discount, at $39. For some reason, given the most recent price dynamics, I would say that investors are accumulating shares at $36-40:\nSource: My Figures Based On Tesla’s Figures\nSource: Seeking Alpha\nOptimistic Case Scenario\nUnder my optimistic case scenario, XPEV would expand significantly its presence in physical stores in cities, so the company’s EVs will find demand. Besides, the company would increase its marketing efforts, and the network of XPeng-branded supercharging stations would substantially expand.\nBesides, under this case scenario, the company will be able to sell outside China. In 2020, the company delivered the first batch of the G3 in Norway. If XPEV can sell all over Europe, I believe that sales growth will remain high:\n\n We plan to continue to expand into other international markets, starting with certain European markets. We aim to build and enhance our overseas sales and services capability, and to adapt the user interfaces of our software systems to optimize our products and services for consumers in overseas markets. Source:Prospectus\n\nWith these new assumptions, I believe that the company’s sales growth would be close to 30-28% from 2026 to 2030. I also assumed CFO/Sales of 5%-11% from 2028 to 2030 and FCF/Sales of 8%-7%:\nSource: My Figures Based On Tesla’s Figures\nUnder this case scenario, the company’s sales growth is larger than that in the base case scenario. Both the free cash flow margin and the CFO margin are also more significant. Hence, I used an exit multiple of 87x, which is larger than that in the base case scenario.\nI used a WACC of 6.7% because I am expecting a significant decrease in the company’s volatility, which may diminish the company’s beta. In my view, more sales growth and better margins will most likely increase the demand for the stock and decrease volatility. Putting everything together, I obtained a share price of $157.\nSource: My Figures Based On Tesla’s Figures\nR&D Activities May Not Be Successful\nIn my opinion, XPEV’s main strategy comes from investments in research and development. The company’s innovations in autonomous driving, powertrain, and E/E architecture will most likely define the company’s future success. With that, if the company’s R&D efforts fail against that of competitors, the company’s reputation may be damaged. As a result, I would be expecting a decline in the revenue line. In this case scenario, the expectations for free cash flow will decline, which may lead to a reduction in the company’s valuation.\nAutonomous Driving Technologies And Accidents\nXPEV will most likely suffer, like Tesla, from accidents associated with autonomous driving systems. These events may negatively affect public perception, and will most likely trigger government scrutiny and further regulation. Regulations in China, Europe, or the United States could damage the company’s revenue line or diminish XPEV’s free cash flow margins. But that’s not all. XPEV may also cancel the orders already placed by the customers, which will most likely lead to a decrease in the free cash flow expectations. As a result, the company’s fair value could decline.\nConclusion\nXPEV is investing a significant amount of dollars in research and development to offer its new XPILOT technologies and E/E architecture. The company also has a significant amount of cash to finance marketing efforts in China and outside China. I believe that the company’s financial figures will be close to that of Tesla. With this in mind, I designed a DCF model including FCF/Sales of 8-7% and sales growth of 30-28% from 2026 to 2030. The implied stock price is equal to $114-157, which stands above the company’s current stock price.","news_type":1,"symbols_score_info":{"09868":0.9,"XPEV":0.9}},"isVote":1,"tweetType":1,"viewCount":318,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889233745,"gmtCreate":1631149965887,"gmtModify":1631890456296,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575324916676606","idStr":"3575324916676606"},"themes":[],"htmlText":"Fight back to the moon!","listText":"Fight back to the moon!","text":"Fight back to the 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the moon!","listText":"To the moon!","text":"To the 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the moon","listText":"To the moon","text":"To the 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07:15","market":"us","language":"en","title":"S&P 500 snaps losing streak with tax hikes, inflation data on horizon<blockquote>标普500通过增税和通胀数据结束连跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1178276551","media":"Reuters","summary":"NEW YORK (Reuters) - The S&P 500 closed higher on Monday, ending a five-day losing streak as investo","content":"<p>NEW YORK (Reuters) - The S&amp;P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.</p><p><blockquote>路透纽约3月1日电——标普500周一收高，结束五连跌，因投资者关注潜在的公司税上调和即将公布的经济数据。</blockquote></p><p> The Dow Jones Industrial Average also advanced, but the Nasdaq Composite Index ended lower.</p><p><blockquote>道琼斯工业平均指数也上涨，但纳斯达克综合指数收低。</blockquote></p><p> Investors favored value over growth, with stocks set to benefit most from a resurging economy enjoying the biggest percentage gains.</p><p><blockquote>投资者更青睐价值而非增长，股市将从经济复苏中受益最多，涨幅最大。</blockquote></p><p> “There are probably not a lot of positive surprises coming this month,” said Liz Young, head of investment strategy at SoFi in New York. “We’re having another period of volatility where I think that rotation could go back to cyclicals and the reopened trade, as the 10-year bond rate slowly grinds higher through the end of the year.”</p><p><blockquote>纽约SoFi投资策略主管Liz Young表示：“本月可能不会有太多积极的惊喜。”“我们正在经历另一个波动时期，我认为随着10年期债券利率在年底前慢慢走高，轮动可能会回到周期性和重新开放的交易。”</blockquote></p><p> Market participants are focused on the likely passage of U.S. President Joe Biden’s $3.5 trillion budget package, which is expected to include a proposed corporate tax rate hike to 26.5% from 21%.</p><p><blockquote>市场参与者关注美国总统拜登的3.5万亿美元预算方案可能获得通过，预计其中包括拟议将企业税率从21%上调至26.5%。</blockquote></p><p> Goldman Sachs analysts see the corporate tax rate increasing to 25% and the passage of about half of a proposed increase to tax rates on foreign income, which they estimate would reduce S&amp;P 500 earnings by 5% in 2022.</p><p><blockquote>高盛分析师预计，企业税率将提高至25%，外国收入税率拟议上调的约一半将获得通过，他们估计这将使标普500 2022年的盈利减少5%。</blockquote></p><p> The Labor Department is due to release its consumer price index data on Tuesday, which could shed further light on the current inflation wave and whether it is as transitory as the Fed insists.</p><p><blockquote>美国劳工部将于周二发布消费者价格指数数据，这可能会进一步揭示当前的通胀浪潮，以及它是否像美联储坚称的那样是暂时的。</blockquote></p><p> “I don’t see inflation settling back down under 2% where it was pre-pandemic,” Young added. “Even if some of those transitory forces weaken, we will still stay at a higher rate than we were before.”</p><p><blockquote>杨补充道：“我认为通胀率不会回落到大流行前的2%以下。”“即使其中一些过渡性力量减弱，我们仍将保持比以前更高的速度。”</blockquote></p><p> Other key indicators due this week include retail sales and consumer sentiment, which could illuminate how much the demand boom driven by economic re-engagement has been dampened by the highly contagious COVID-19 Delta variant.</p><p><blockquote>本周公布的其他关键指标包括零售销售和消费者信心，这可能表明经济重新参与推动的需求繁荣在多大程度上受到了高度传染性的COVID-19德尔塔变异毒株的抑制。</blockquote></p><p> The Dow Jones Industrial Average rose 261.91 points, or 0.76%, to 34,869.63, the S&amp;P 500 gained 10.15 points, or 0.23%, at 4,468.73 and the Nasdaq Composite dropped 9.91 points, or 0.07%, to 15,105.58.</p><p><blockquote>道琼斯工业平均指数上涨261.91点，涨幅0.76%，至34,869.63点；标普500上涨10.15点，涨幅0.23%，至4,468.73点；纳斯达克综合指数下跌9.91点，涨幅0.07%，至15,105.58点。</blockquote></p><p> Of the 11 major sectors in the S&amp;P 500, healthcare suffered the largest percentage loss, while energy, buoyed by rising crude prices was the biggest gainer.</p><p><blockquote>在标普500 11个主要板块中，医疗保健板块跌幅最大，而受原油价格上涨提振的能源板块涨幅最大。</blockquote></p><p> Shares of vaccine makers Moderna and Pfizer Inc sank 6.6% and 2.2%, respectively, after experts said COVID booster shots are not widely needed.</p><p><blockquote>在专家表示不广泛需要新冠加强注射后，疫苗制造商Moderna和辉瑞公司的股价分别下跌6.6%和2.2%。</blockquote></p><p> Coinbase Global Inc announced plans to raise about $1.5 billion through a debt offering aimed at funding product development and potential acquisitions. The cryptocurrency exchanges shares slid 2.2%.</p><p><blockquote>Coinbase Global Inc宣布计划通过发债筹集约15亿美元，旨在为产品开发和潜在收购提供资金。加密货币交易所股价下跌2.2%。</blockquote></p><p> Salesforce.com Inc dipped 1.2% as rival Freshworks Inc’s regulatory filing indicated that the business engagement and customer engagement software company is aiming for a nearly $9 billion valuation in it U.S. debut.</p><p><blockquote>Salesforce.com Inc下跌1.2%，竞争对手Freshworks Inc的监管文件显示，这家业务参与和客户参与软件公司的目标是在美国首次亮相时估值接近90亿美元。</blockquote></p><p> Advancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.02-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股与下跌股的比例为1.60比1；在纳斯达克，1.02比1的比率有利于上涨者。</blockquote></p><p> The S&amp;P 500 posted 12 new 52-week highs and one new low; the Nasdaq Composite recorded 53 new highs and 71 new lows.</p><p><blockquote>标普500创下12个52周新高和1个新低；纳斯达克综合指数录得53个新高和71个新低。</blockquote></p><p> Volume on U.S. exchanges was 10.30 billion shares, compared with the 9.29 billion average over the last 20 trading days.</p><p><blockquote>美国交易所成交量为103亿股，而过去20个交易日的平均成交量为92.9亿股。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nS&P 500 snaps losing streak with tax hikes, inflation data on horizon<blockquote>标普500通过增税和通胀数据结束连跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-09-14 07:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p>NEW YORK (Reuters) - The S&amp;P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.</p><p><blockquote>路透纽约3月1日电——标普500周一收高，结束五连跌，因投资者关注潜在的公司税上调和即将公布的经济数据。</blockquote></p><p> The Dow Jones Industrial Average also advanced, but the Nasdaq Composite Index ended lower.</p><p><blockquote>道琼斯工业平均指数也上涨，但纳斯达克综合指数收低。</blockquote></p><p> Investors favored value over growth, with stocks set to benefit most from a resurging economy enjoying the biggest percentage gains.</p><p><blockquote>投资者更青睐价值而非增长，股市将从经济复苏中受益最多，涨幅最大。</blockquote></p><p> “There are probably not a lot of positive surprises coming this month,” said Liz Young, head of investment strategy at SoFi in New York. “We’re having another period of volatility where I think that rotation could go back to cyclicals and the reopened trade, as the 10-year bond rate slowly grinds higher through the end of the year.”</p><p><blockquote>纽约SoFi投资策略主管Liz Young表示：“本月可能不会有太多积极的惊喜。”“我们正在经历另一个波动时期，我认为随着10年期债券利率在年底前慢慢走高，轮动可能会回到周期性和重新开放的交易。”</blockquote></p><p> Market participants are focused on the likely passage of U.S. President Joe Biden’s $3.5 trillion budget package, which is expected to include a proposed corporate tax rate hike to 26.5% from 21%.</p><p><blockquote>市场参与者关注美国总统拜登的3.5万亿美元预算方案可能获得通过，预计其中包括拟议将企业税率从21%上调至26.5%。</blockquote></p><p> Goldman Sachs analysts see the corporate tax rate increasing to 25% and the passage of about half of a proposed increase to tax rates on foreign income, which they estimate would reduce S&amp;P 500 earnings by 5% in 2022.</p><p><blockquote>高盛分析师预计，企业税率将提高至25%，外国收入税率拟议上调的约一半将获得通过，他们估计这将使标普500 2022年的盈利减少5%。</blockquote></p><p> The Labor Department is due to release its consumer price index data on Tuesday, which could shed further light on the current inflation wave and whether it is as transitory as the Fed insists.</p><p><blockquote>美国劳工部将于周二发布消费者价格指数数据，这可能会进一步揭示当前的通胀浪潮，以及它是否像美联储坚称的那样是暂时的。</blockquote></p><p> “I don’t see inflation settling back down under 2% where it was pre-pandemic,” Young added. “Even if some of those transitory forces weaken, we will still stay at a higher rate than we were before.”</p><p><blockquote>杨补充道：“我认为通胀率不会回落到大流行前的2%以下。”“即使其中一些过渡性力量减弱，我们仍将保持比以前更高的速度。”</blockquote></p><p> Other key indicators due this week include retail sales and consumer sentiment, which could illuminate how much the demand boom driven by economic re-engagement has been dampened by the highly contagious COVID-19 Delta variant.</p><p><blockquote>本周公布的其他关键指标包括零售销售和消费者信心，这可能表明经济重新参与推动的需求繁荣在多大程度上受到了高度传染性的COVID-19德尔塔变异毒株的抑制。</blockquote></p><p> The Dow Jones Industrial Average rose 261.91 points, or 0.76%, to 34,869.63, the S&amp;P 500 gained 10.15 points, or 0.23%, at 4,468.73 and the Nasdaq Composite dropped 9.91 points, or 0.07%, to 15,105.58.</p><p><blockquote>道琼斯工业平均指数上涨261.91点，涨幅0.76%，至34,869.63点；标普500上涨10.15点，涨幅0.23%，至4,468.73点；纳斯达克综合指数下跌9.91点，涨幅0.07%，至15,105.58点。</blockquote></p><p> Of the 11 major sectors in the S&amp;P 500, healthcare suffered the largest percentage loss, while energy, buoyed by rising crude prices was the biggest gainer.</p><p><blockquote>在标普500 11个主要板块中，医疗保健板块跌幅最大，而受原油价格上涨提振的能源板块涨幅最大。</blockquote></p><p> Shares of vaccine makers Moderna and Pfizer Inc sank 6.6% and 2.2%, respectively, after experts said COVID booster shots are not widely needed.</p><p><blockquote>在专家表示不广泛需要新冠加强注射后，疫苗制造商Moderna和辉瑞公司的股价分别下跌6.6%和2.2%。</blockquote></p><p> Coinbase Global Inc announced plans to raise about $1.5 billion through a debt offering aimed at funding product development and potential acquisitions. The cryptocurrency exchanges shares slid 2.2%.</p><p><blockquote>Coinbase Global Inc宣布计划通过发债筹集约15亿美元，旨在为产品开发和潜在收购提供资金。加密货币交易所股价下跌2.2%。</blockquote></p><p> Salesforce.com Inc dipped 1.2% as rival Freshworks Inc’s regulatory filing indicated that the business engagement and customer engagement software company is aiming for a nearly $9 billion valuation in it U.S. debut.</p><p><blockquote>Salesforce.com Inc下跌1.2%，竞争对手Freshworks Inc的监管文件显示，这家业务参与和客户参与软件公司的目标是在美国首次亮相时估值接近90亿美元。</blockquote></p><p> Advancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.02-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股与下跌股的比例为1.60比1；在纳斯达克，1.02比1的比率有利于上涨者。</blockquote></p><p> The S&amp;P 500 posted 12 new 52-week highs and one new low; the Nasdaq Composite recorded 53 new highs and 71 new lows.</p><p><blockquote>标普500创下12个52周新高和1个新低；纳斯达克综合指数录得53个新高和71个新低。</blockquote></p><p> Volume on U.S. exchanges was 10.30 billion shares, compared with the 9.29 billion average over the last 20 trading days.</p><p><blockquote>美国交易所成交量为103亿股，而过去20个交易日的平均成交量为92.9亿股。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-snaps-losing-streak-with-tax-hikes-inflation-data-on-horizon-idUSL1N2QF2DB\">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":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-snaps-losing-streak-with-tax-hikes-inflation-data-on-horizon-idUSL1N2QF2DB","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178276551","content_text":"NEW YORK (Reuters) - The S&P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.\nThe Dow Jones Industrial Average also advanced, but the Nasdaq Composite Index ended lower.\nInvestors favored value over growth, with stocks set to benefit most from a resurging economy enjoying the biggest percentage gains.\n“There are probably not a lot of positive surprises coming this month,” said Liz Young, head of investment strategy at SoFi in New York. “We’re having another period of volatility where I think that rotation could go back to cyclicals and the reopened trade, as the 10-year bond rate slowly grinds higher through the end of the year.”\nMarket participants are focused on the likely passage of U.S. President Joe Biden’s $3.5 trillion budget package, which is expected to include a proposed corporate tax rate hike to 26.5% from 21%.\nGoldman Sachs analysts see the corporate tax rate increasing to 25% and the passage of about half of a proposed increase to tax rates on foreign income, which they estimate would reduce S&P 500 earnings by 5% in 2022.\nThe Labor Department is due to release its consumer price index data on Tuesday, which could shed further light on the current inflation wave and whether it is as transitory as the Fed insists.\n“I don’t see inflation settling back down under 2% where it was pre-pandemic,” Young added. “Even if some of those transitory forces weaken, we will still stay at a higher rate than we were before.”\nOther key indicators due this week include retail sales and consumer sentiment, which could illuminate how much the demand boom driven by economic re-engagement has been dampened by the highly contagious COVID-19 Delta variant.\nThe Dow Jones Industrial Average rose 261.91 points, or 0.76%, to 34,869.63, the S&P 500 gained 10.15 points, or 0.23%, at 4,468.73 and the Nasdaq Composite dropped 9.91 points, or 0.07%, to 15,105.58.\nOf the 11 major sectors in the S&P 500, healthcare suffered the largest percentage loss, while energy, buoyed by rising crude prices was the biggest gainer.\nShares of vaccine makers Moderna and Pfizer Inc sank 6.6% and 2.2%, respectively, after experts said COVID booster shots are not widely needed.\nCoinbase Global Inc announced plans to raise about $1.5 billion through a debt offering aimed at funding product development and potential acquisitions. The cryptocurrency exchanges shares slid 2.2%.\nSalesforce.com Inc dipped 1.2% as rival Freshworks Inc’s regulatory filing indicated that the business engagement and customer engagement software company is aiming for a nearly $9 billion valuation in it U.S. debut.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.02-to-1 ratio favored advancers.\nThe S&P 500 posted 12 new 52-week highs and one new low; the Nasdaq Composite recorded 53 new highs and 71 new lows.\nVolume on U.S. exchanges was 10.30 billion shares, compared with the 9.29 billion average over the last 20 trading days.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1914,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137476211,"gmtCreate":1622384158633,"gmtModify":1631892507039,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575324916676606","idStr":"3575324916676606"},"themes":[],"htmlText":"So sad","listText":"So sad","text":"So sad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/137476211","repostId":"1159760711","repostType":4,"repost":{"id":"1159760711","kind":"news","pubTimestamp":1622210255,"share":"https://www.laohu8.com/m/news/1159760711?lang=zh_CN&edition=full","pubTime":"2021-05-28 21:57","market":"us","language":"en","title":"Credit Suisse Cuts Ties With SoftBank After Greensill Crisis<blockquote>格林希尔危机后瑞士信贷切断与软银的联系</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159760711","media":"Bloomberg","summary":"(Bloomberg) -- Credit Suisse Group AG is cutting ties with SoftBank Group Corp., distancing itself f","content":"<p>(Bloomberg) -- Credit Suisse Group AG is cutting ties with SoftBank Group Corp., distancing itself from a key backer to Lex Greensill’s collapsed supply-chain finance empire after conflict of interest allegations.</p><p><blockquote>（彭博社）-瑞士信贷集团正在切断与软银集团的联系，与莱克斯·格林希尔(Lex Greensill)因利益冲突指控而崩溃的供应链金融帝国的主要支持者保持距离。</blockquote></p><p>The Swiss lender will no longer do any new business with the Japanese firm, people with knowledge of situation said, asking not to be identified because the matter is private. The decision may ripple across Credit Suisse’s investment bank: SoftBank has been a prolific deal-maker and last year Credit Suisse and other banks held about $8 billion of SoftBank shares in collateral, pledged by founder Masayoshi Son.</p><p><blockquote>知情人士表示，这家瑞士银行将不再与这家日本公司开展任何新业务。由于此事属于私人性质，因此要求匿名。这一决定可能会波及瑞士信贷的投资银行：软银一直是一个多产的交易撮合者，去年瑞士信贷和其他银行持有约80亿美元的软银股票作为抵押品，由创始人孙正义质押。</blockquote></p><p>It is unclear how long the ban lasts for, or whether it impacts any ongoing deals.</p><p><blockquote>目前尚不清楚该禁令将持续多久，也不清楚它是否会影响任何正在进行的交易。</blockquote></p><p>Credit Suisse is reviewing its risk and client relationships after being hit by the twin collapses of Greensill and Archegos Capital Management. New Chairman Antonio-Horta Osorio has pledged a wide-ranging review after the bank was forced to suspend billions of dollars of funds it managed with Greensill and took a $5.5 billion hit on Archegos, raising questions about the oversight of key clients.</p><p><blockquote>在遭受Greensill和Archegos Capital Management双重倒闭的打击后，瑞士信贷正在审查其风险和客户关系。新任董事长安东尼奥-奥尔塔·奥索里奥(Antonio-Horta Osorio)承诺进行广泛审查，此前该银行被迫暂停与Greensill管理的数十亿美元资金，并对Archegos遭受了55亿美元的打击，引发了人们对关键客户监管的质疑。</blockquote></p><p>A Tokyo-based spokesperson at SoftBank Group wasn’t immediately available to comment, while Credit Suisse declined to comment.</p><p><blockquote>软银集团驻东京发言人未能立即置评，而瑞士信贷则拒绝置评。</blockquote></p><p>Credit Suisse conducted an internal review into the Greensill funds after allegations of possible conflicts of interest involving SoftBank last year. A number of SoftBank portfolio companies received loans via supply-chain funds at Credit Suisse, while SoftBank was also an investor in the Credit Suisse funds. In the aftermath, SoftBank pulled $700 million out of the funds and the bank also changed its investment guidelines for Credit Suisse’s funds to reduce the maximum exposure to a single borrower.</p><p><blockquote>去年，在软银被指控可能存在利益冲突后，瑞士信贷对Greensill基金进行了内部审查。软银的许多投资组合公司通过瑞士信贷的供应链基金获得贷款，而软银也是瑞士信贷基金的投资者。随后，软银从这些基金中撤出了7亿美元，该银行还改变了对瑞士信贷基金的投资准则，以减少对单一借款人的最大敞口。</blockquote></p><p>Credit Suisse Overhauls Rules for Funds Accused of Conflicts</p><p><blockquote>瑞士信贷彻底改革被指控存在冲突的基金规则</blockquote></p><p>The overlapping financial relationships had raised questions whether SoftBank was using the Credit Suisse funds to prop up investments in the Vision Fund, including Greensill Capital, in which it had a substantial stake.</p><p><blockquote>重叠的财务关系引发了人们的疑问，即软银是否在利用瑞士信贷的资金来支持对愿景基金的投资，包括其持有大量股份的Greensill Capital。</blockquote></p><p>SoftBank wrote down its $1.5 billion holding of Greensill to close to zero after Credit Suisse was forced to wind down its four Greensill-linked funds in March, people familiar with the matter earlier said. SoftBank is now seeking $1.15 billion in claims as part of Greensill’s insolvency proceedings.</p><p><blockquote>知情人士早些时候表示，在瑞士信贷3月份被迫清盘其四只与Greensill相关的基金后，软银将其持有的15亿美元Greensill减记至接近于零。作为Greensill破产程序的一部分，软银目前正在寻求11.5亿美元的索赔。</blockquote></p><p>Credit Suisse marketed its popular supply-chain finance funds as among the safest investments it offered, because the loans they held were backed by invoices usually paid in weeks and the funds were insured. But as the funds grew into a $10 billion strategy, they strayed from that pitch and much of the money was lent through Greensill against expected future invoices, for sales that were merely predicted. The firm’s collapse forced Credit Suisse to liquidate the funds, and investors finally payment is still uncertain.</p><p><blockquote>瑞士信贷将其广受欢迎的供应链金融基金宣传为其提供的最安全的投资之一，因为它们持有的贷款有发票支持，通常在几周内支付，而且资金也有保险。但随着这些基金发展成为100亿美元的战略，他们偏离了这一目标，大部分资金是通过Greensill根据预期的未来发票借出的，用于仅仅是预测的销售。该公司的倒闭迫使瑞士信贷清算资金，投资者最终的付款仍不确定。</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>Credit Suisse Cuts Ties With SoftBank After Greensill Crisis<blockquote>格林希尔危机后瑞士信贷切断与软银的联系</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\">\nCredit Suisse Cuts Ties With SoftBank After Greensill Crisis<blockquote>格林希尔危机后瑞士信贷切断与软银的联系</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2021-05-28 21:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Bloomberg) -- Credit Suisse Group AG is cutting ties with SoftBank Group Corp., distancing itself from a key backer to Lex Greensill’s collapsed supply-chain finance empire after conflict of interest allegations.</p><p><blockquote>（彭博社）-瑞士信贷集团正在切断与软银集团的联系，与莱克斯·格林希尔(Lex Greensill)因利益冲突指控而崩溃的供应链金融帝国的主要支持者保持距离。</blockquote></p><p>The Swiss lender will no longer do any new business with the Japanese firm, people with knowledge of situation said, asking not to be identified because the matter is private. The decision may ripple across Credit Suisse’s investment bank: SoftBank has been a prolific deal-maker and last year Credit Suisse and other banks held about $8 billion of SoftBank shares in collateral, pledged by founder Masayoshi Son.</p><p><blockquote>知情人士表示，这家瑞士银行将不再与这家日本公司开展任何新业务。由于此事属于私人性质，因此要求匿名。这一决定可能会波及瑞士信贷的投资银行：软银一直是一个多产的交易撮合者，去年瑞士信贷和其他银行持有约80亿美元的软银股票作为抵押品，由创始人孙正义质押。</blockquote></p><p>It is unclear how long the ban lasts for, or whether it impacts any ongoing deals.</p><p><blockquote>目前尚不清楚该禁令将持续多久，也不清楚它是否会影响任何正在进行的交易。</blockquote></p><p>Credit Suisse is reviewing its risk and client relationships after being hit by the twin collapses of Greensill and Archegos Capital Management. New Chairman Antonio-Horta Osorio has pledged a wide-ranging review after the bank was forced to suspend billions of dollars of funds it managed with Greensill and took a $5.5 billion hit on Archegos, raising questions about the oversight of key clients.</p><p><blockquote>在遭受Greensill和Archegos Capital Management双重倒闭的打击后，瑞士信贷正在审查其风险和客户关系。新任董事长安东尼奥-奥尔塔·奥索里奥(Antonio-Horta Osorio)承诺进行广泛审查，此前该银行被迫暂停与Greensill管理的数十亿美元资金，并对Archegos遭受了55亿美元的打击，引发了人们对关键客户监管的质疑。</blockquote></p><p>A Tokyo-based spokesperson at SoftBank Group wasn’t immediately available to comment, while Credit Suisse declined to comment.</p><p><blockquote>软银集团驻东京发言人未能立即置评，而瑞士信贷则拒绝置评。</blockquote></p><p>Credit Suisse conducted an internal review into the Greensill funds after allegations of possible conflicts of interest involving SoftBank last year. A number of SoftBank portfolio companies received loans via supply-chain funds at Credit Suisse, while SoftBank was also an investor in the Credit Suisse funds. In the aftermath, SoftBank pulled $700 million out of the funds and the bank also changed its investment guidelines for Credit Suisse’s funds to reduce the maximum exposure to a single borrower.</p><p><blockquote>去年，在软银被指控可能存在利益冲突后，瑞士信贷对Greensill基金进行了内部审查。软银的许多投资组合公司通过瑞士信贷的供应链基金获得贷款，而软银也是瑞士信贷基金的投资者。随后，软银从这些基金中撤出了7亿美元，该银行还改变了对瑞士信贷基金的投资准则，以减少对单一借款人的最大敞口。</blockquote></p><p>Credit Suisse Overhauls Rules for Funds Accused of Conflicts</p><p><blockquote>瑞士信贷彻底改革被指控存在冲突的基金规则</blockquote></p><p>The overlapping financial relationships had raised questions whether SoftBank was using the Credit Suisse funds to prop up investments in the Vision Fund, including Greensill Capital, in which it had a substantial stake.</p><p><blockquote>重叠的财务关系引发了人们的疑问，即软银是否在利用瑞士信贷的资金来支持对愿景基金的投资，包括其持有大量股份的Greensill Capital。</blockquote></p><p>SoftBank wrote down its $1.5 billion holding of Greensill to close to zero after Credit Suisse was forced to wind down its four Greensill-linked funds in March, people familiar with the matter earlier said. SoftBank is now seeking $1.15 billion in claims as part of Greensill’s insolvency proceedings.</p><p><blockquote>知情人士早些时候表示，在瑞士信贷3月份被迫清盘其四只与Greensill相关的基金后，软银将其持有的15亿美元Greensill减记至接近于零。作为Greensill破产程序的一部分，软银目前正在寻求11.5亿美元的索赔。</blockquote></p><p>Credit Suisse marketed its popular supply-chain finance funds as among the safest investments it offered, because the loans they held were backed by invoices usually paid in weeks and the funds were insured. But as the funds grew into a $10 billion strategy, they strayed from that pitch and much of the money was lent through Greensill against expected future invoices, for sales that were merely predicted. The firm’s collapse forced Credit Suisse to liquidate the funds, and investors finally payment is still uncertain.</p><p><blockquote>瑞士信贷将其广受欢迎的供应链金融基金宣传为其提供的最安全的投资之一，因为它们持有的贷款有发票支持，通常在几周内支付，而且资金也有保险。但随着这些基金发展成为100亿美元的战略，他们偏离了这一目标，大部分资金是通过Greensill根据预期的未来发票借出的，用于仅仅是预测的销售。该公司的倒闭迫使瑞士信贷清算资金，投资者最终的付款仍不确定。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/credit-suisse-cuts-ties-softbank-132036883.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":{},"source_url":"https://finance.yahoo.com/news/credit-suisse-cuts-ties-softbank-132036883.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159760711","content_text":"(Bloomberg) -- Credit Suisse Group AG is cutting ties with SoftBank Group Corp., distancing itself from a key backer to Lex Greensill’s collapsed supply-chain finance empire after conflict of interest allegations.The Swiss lender will no longer do any new business with the Japanese firm, people with knowledge of situation said, asking not to be identified because the matter is private. The decision may ripple across Credit Suisse’s investment bank: SoftBank has been a prolific deal-maker and last year Credit Suisse and other banks held about $8 billion of SoftBank shares in collateral, pledged by founder Masayoshi Son.It is unclear how long the ban lasts for, or whether it impacts any ongoing deals.Credit Suisse is reviewing its risk and client relationships after being hit by the twin collapses of Greensill and Archegos Capital Management. New Chairman Antonio-Horta Osorio has pledged a wide-ranging review after the bank was forced to suspend billions of dollars of funds it managed with Greensill and took a $5.5 billion hit on Archegos, raising questions about the oversight of key clients.A Tokyo-based spokesperson at SoftBank Group wasn’t immediately available to comment, while Credit Suisse declined to comment.Credit Suisse conducted an internal review into the Greensill funds after allegations of possible conflicts of interest involving SoftBank last year. A number of SoftBank portfolio companies received loans via supply-chain funds at Credit Suisse, while SoftBank was also an investor in the Credit Suisse funds. In the aftermath, SoftBank pulled $700 million out of the funds and the bank also changed its investment guidelines for Credit Suisse’s funds to reduce the maximum exposure to a single borrower.Credit Suisse Overhauls Rules for Funds Accused of ConflictsThe overlapping financial relationships had raised questions whether SoftBank was using the Credit Suisse funds to prop up investments in the Vision Fund, including Greensill Capital, in which it had a substantial stake.SoftBank wrote down its $1.5 billion holding of Greensill to close to zero after Credit Suisse was forced to wind down its four Greensill-linked funds in March, people familiar with the matter earlier said. SoftBank is now seeking $1.15 billion in claims as part of Greensill’s insolvency proceedings.Credit Suisse marketed its popular supply-chain finance funds as among the safest investments it offered, because the loans they held were backed by invoices usually paid in weeks and the funds were insured. But as the funds grew into a $10 billion strategy, they strayed from that pitch and much of the money was lent through Greensill against expected future invoices, for sales that were merely predicted. The firm’s collapse forced Credit Suisse to liquidate the funds, and investors finally payment is still uncertain.","news_type":1,"symbols_score_info":{"CS":0.9}},"isVote":1,"tweetType":1,"viewCount":760,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":844691094,"gmtCreate":1636420433776,"gmtModify":1636420433965,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575324916676606","idStr":"3575324916676606"},"themes":[],"htmlText":"To the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/844691094","repostId":"1155263023","repostType":4,"repost":{"id":"1155263023","kind":"news","pubTimestamp":1636420156,"share":"https://www.laohu8.com/m/news/1155263023?lang=zh_CN&edition=full","pubTime":"2021-11-09 09:09","market":"hk","language":"en","title":"Singapore Stocks to watch: Sri Trang Gloves, OKP, SIIC, Ban Leong, UnusuaL, Yongmao<blockquote>值得关注的新加坡股票：Sri Trang Gloves、OKP、SIIC、Ban Leong、UnusuaL、永茂</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1155263023","media":"The bussiness Times","summary":"THE following companies saw new developments that may affect trading of their securities on Tuesday ","content":"<p>THE following companies saw new developments that may affect trading of their securities on Tuesday (Nov 9):</p><p><blockquote>以下公司周二（11月9日）出现了可能影响其证券交易的新进展：</blockquote></p><p> <a href=\"https://laohu8.com/S/STG.SI\">Sri Trang Gloves</a>:Sri Trang Gloves: STG 0%The dual-listed grouprecorded a net profit of 4.53 billion baht(S$185.2 million) for the third quarter ended Sep 30, 2021, up 3 per cent on-year from 4.40 billion baht on higher revenue. Its board of directors has approved the payment of interim dividends at 1.25 baht per share to shareholders. Shares of Sri Trang Gloves fell 1.7 per cent or S$0.02 to S$1.18 on Nov 8, before the results were released.</p><p><blockquote><a href=\"https://laohu8.com/S/STG.SI\">Sri Trang手套</a>：Sri Trang手套：STG 0%这家双重上市集团截至2021年9月30日的第三季度净利润为45.3亿泰铢（1.852亿新元），由于收入增加，净利润较44亿泰铢同比增长3%。其董事会已批准向股东支付每股1.25泰铢的中期股息。11月8日，在业绩公布之前，Sri Trang Gloves的股价下跌1.7%，即0.02新元，至1.18新元。</blockquote></p><p> OKP Holdings:OKP: 5CF 0%The infrastructure and civil engineering company has secureda contract worth S$39.9 million from the Public Utilities Board. This brings the group's current net construction order book to S$360.8 million, with contracts extending till 2025. Shares of OKP closed down S$0.005 or 2.6 per cent at S$0.185 on Monday (Nov 8), before the announcement was made.</p><p><blockquote>OKP Holdings：OKP：5CF 0%这家基础设施和土木工程公司已从公用事业委员会获得价值3,990万新元的合同。这使得该集团目前的净建筑订单达到3.608亿新元，合同延长至2025年。在宣布这一消息之前，OKP股价周一（11月8日）收盘下跌0.005新元，即2.6%，至0.185新元。</blockquote></p><p> SIIC Environment Holdings:SIIC Environment: BHK 0%Its revenueincreased by 10.7 per cent to 181.1 million yuan (S$38.2 million)for the quarter ended Sep 30, 2021, announced the mainboard-listed company on Monday (Nov 8). No interim dividend was declared for the quarter, as was the case a year ago. Shares of SIIC Environment were up S$0.005 or 2.3 per cent to close at S$0.225, before the financial results were released.</p><p><blockquote>上实环境控股：上实环境：BHK 0%该主板上市公司周一（11月8日）宣布，截至2021年9月30日的季度收入增长10.7%，达到1.811亿元人民币（3820万新元）。与一年前一样，本季度没有宣派中期股息。在财务业绩发布前，上实环境股价上涨0.005新元，即2.3%，收于0.225新元。</blockquote></p><p> Ban Leong Technologies:Ban Leong: B26 0%The group'snet profit rose 64.9 per cent to S$3.9 millionfor the half year ended Sep 30, 2021, from S$2.3 million a year ago. An interim dividend of S$0.0125 was declared for the period under review. Shares in Ban Leong closed flat at S$0.37 on Monday (Nov 8), before financial results were released.</p><p><blockquote>Ban Leong Technologies：Ban Leong：B26 0%该集团截至2021年9月30日的半年净利润从一年前的230万新元增长64.9%至390万新元。于回顾期间宣派中期股息0.0125新加坡元。周一（11月8日），在财务业绩发布之前，Ban Leong股价收于0.37新元。</blockquote></p><p> UnusuaL Limited:$ UnUsUaL: 1D1 0%The events-production unit of mm2 Asianarrowed its net loss by 54.1 per cent to S$1.6 millionin the half-year ended Sep 30, 2021 despite lower revenue. In a bourse filing on Monday (Nov 8), the group noted that completed projects for production and others segments increased in H1 FY2022 with the gradual resumption of small-scale live performances in Singapore. Shares of Unusual&nbsp;closed flat at S$0.136, before the news.</p><p><blockquote>UnusuaL Limited：$UnusuaL：1D1 0%尽管收入下降，MM2 Asian的活动制作部门在截至2021年9月30日的半年内仍将净亏损收窄54.1%至160万新元。在周一（11月8日）向交易所提交的文件中，该集团指出，随着新加坡小规模现场演出的逐步恢复，2022财年上半年制作和其他部门的已完成项目有所增加。消息传出前，Unusual股价收于0.136新元。</blockquote></p><p></p>","source":"lsy1636420184263","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Stocks to watch: Sri Trang Gloves, OKP, SIIC, Ban Leong, UnusuaL, Yongmao<blockquote>值得关注的新加坡股票：Sri Trang Gloves、OKP、SIIC、Ban Leong、UnusuaL、永茂</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\">\nSingapore Stocks to watch: Sri Trang Gloves, OKP, SIIC, Ban Leong, UnusuaL, Yongmao<blockquote>值得关注的新加坡股票：Sri Trang Gloves、OKP、SIIC、Ban Leong、UnusuaL、永茂</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The bussiness Times</strong><span class=\"h-time small\">2021-11-09 09:09</span>\n</p>\n</h4>\n</header>\n<article>\n<p>THE following companies saw new developments that may affect trading of their securities on Tuesday (Nov 9):</p><p><blockquote>以下公司周二（11月9日）出现了可能影响其证券交易的新进展：</blockquote></p><p> <a href=\"https://laohu8.com/S/STG.SI\">Sri Trang Gloves</a>:Sri Trang Gloves: STG 0%The dual-listed grouprecorded a net profit of 4.53 billion baht(S$185.2 million) for the third quarter ended Sep 30, 2021, up 3 per cent on-year from 4.40 billion baht on higher revenue. Its board of directors has approved the payment of interim dividends at 1.25 baht per share to shareholders. Shares of Sri Trang Gloves fell 1.7 per cent or S$0.02 to S$1.18 on Nov 8, before the results were released.</p><p><blockquote><a href=\"https://laohu8.com/S/STG.SI\">Sri Trang手套</a>：Sri Trang手套：STG 0%这家双重上市集团截至2021年9月30日的第三季度净利润为45.3亿泰铢（1.852亿新元），由于收入增加，净利润较44亿泰铢同比增长3%。其董事会已批准向股东支付每股1.25泰铢的中期股息。11月8日，在业绩公布之前，Sri Trang Gloves的股价下跌1.7%，即0.02新元，至1.18新元。</blockquote></p><p> OKP Holdings:OKP: 5CF 0%The infrastructure and civil engineering company has secureda contract worth S$39.9 million from the Public Utilities Board. This brings the group's current net construction order book to S$360.8 million, with contracts extending till 2025. Shares of OKP closed down S$0.005 or 2.6 per cent at S$0.185 on Monday (Nov 8), before the announcement was made.</p><p><blockquote>OKP Holdings：OKP：5CF 0%这家基础设施和土木工程公司已从公用事业委员会获得价值3,990万新元的合同。这使得该集团目前的净建筑订单达到3.608亿新元，合同延长至2025年。在宣布这一消息之前，OKP股价周一（11月8日）收盘下跌0.005新元，即2.6%，至0.185新元。</blockquote></p><p> SIIC Environment Holdings:SIIC Environment: BHK 0%Its revenueincreased by 10.7 per cent to 181.1 million yuan (S$38.2 million)for the quarter ended Sep 30, 2021, announced the mainboard-listed company on Monday (Nov 8). No interim dividend was declared for the quarter, as was the case a year ago. Shares of SIIC Environment were up S$0.005 or 2.3 per cent to close at S$0.225, before the financial results were released.</p><p><blockquote>上实环境控股：上实环境：BHK 0%该主板上市公司周一（11月8日）宣布，截至2021年9月30日的季度收入增长10.7%，达到1.811亿元人民币（3820万新元）。与一年前一样，本季度没有宣派中期股息。在财务业绩发布前，上实环境股价上涨0.005新元，即2.3%，收于0.225新元。</blockquote></p><p> Ban Leong Technologies:Ban Leong: B26 0%The group'snet profit rose 64.9 per cent to S$3.9 millionfor the half year ended Sep 30, 2021, from S$2.3 million a year ago. An interim dividend of S$0.0125 was declared for the period under review. Shares in Ban Leong closed flat at S$0.37 on Monday (Nov 8), before financial results were released.</p><p><blockquote>Ban Leong Technologies：Ban Leong：B26 0%该集团截至2021年9月30日的半年净利润从一年前的230万新元增长64.9%至390万新元。于回顾期间宣派中期股息0.0125新加坡元。周一（11月8日），在财务业绩发布之前，Ban Leong股价收于0.37新元。</blockquote></p><p> UnusuaL Limited:$ UnUsUaL: 1D1 0%The events-production unit of mm2 Asianarrowed its net loss by 54.1 per cent to S$1.6 millionin the half-year ended Sep 30, 2021 despite lower revenue. In a bourse filing on Monday (Nov 8), the group noted that completed projects for production and others segments increased in H1 FY2022 with the gradual resumption of small-scale live performances in Singapore. Shares of Unusual&nbsp;closed flat at S$0.136, before the news.</p><p><blockquote>UnusuaL Limited：$UnusuaL：1D1 0%尽管收入下降，MM2 Asian的活动制作部门在截至2021年9月30日的半年内仍将净亏损收窄54.1%至160万新元。在周一（11月8日）向交易所提交的文件中，该集团指出，随着新加坡小规模现场演出的逐步恢复，2022财年上半年制作和其他部门的已完成项目有所增加。消息传出前，Unusual股价收于0.136新元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.businesstimes.com.sg/stocks/stocks-to-watch-sri-trang-gloves-okp-siic-ban-leong-unusual-yongmao\">The bussiness Times</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://www.businesstimes.com.sg/stocks/stocks-to-watch-sri-trang-gloves-okp-siic-ban-leong-unusual-yongmao","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155263023","content_text":"THE following companies saw new developments that may affect trading of their securities on Tuesday (Nov 9):\nSri Trang Gloves:Sri Trang Gloves: STG 0%The dual-listed grouprecorded a net profit of 4.53 billion baht(S$185.2 million) for the third quarter ended Sep 30, 2021, up 3 per cent on-year from 4.40 billion baht on higher revenue. Its board of directors has approved the payment of interim dividends at 1.25 baht per share to shareholders. Shares of Sri Trang Gloves fell 1.7 per cent or S$0.02 to S$1.18 on Nov 8, before the results were released.\nOKP Holdings:OKP: 5CF 0%The infrastructure and civil engineering company has secureda contract worth S$39.9 million from the Public Utilities Board. This brings the group's current net construction order book to S$360.8 million, with contracts extending till 2025. Shares of OKP closed down S$0.005 or 2.6 per cent at S$0.185 on Monday (Nov 8), before the announcement was made.\nSIIC Environment Holdings:SIIC Environment: BHK 0%Its revenueincreased by 10.7 per cent to 181.1 million yuan (S$38.2 million)for the quarter ended Sep 30, 2021, announced the mainboard-listed company on Monday (Nov 8). No interim dividend was declared for the quarter, as was the case a year ago. Shares of SIIC Environment were up S$0.005 or 2.3 per cent to close at S$0.225, before the financial results were released.\nBan Leong Technologies:Ban Leong: B26 0%The group'snet profit rose 64.9 per cent to S$3.9 millionfor the half year ended Sep 30, 2021, from S$2.3 million a year ago. An interim dividend of S$0.0125 was declared for the period under review. Shares in Ban Leong closed flat at S$0.37 on Monday (Nov 8), before financial results were released.\nUnusuaL Limited:$ UnUsUaL: 1D1 0%The events-production unit of mm2 Asianarrowed its net loss by 54.1 per cent to S$1.6 millionin the half-year ended Sep 30, 2021 despite lower revenue. In a bourse filing on Monday (Nov 8), the group noted that completed projects for production and others segments increased in H1 FY2022 with the gradual resumption of small-scale live performances in Singapore. Shares of Unusual closed flat at S$0.136, before the news.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2269,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":832252769,"gmtCreate":1629643723051,"gmtModify":1631892259277,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575324916676606","idStr":"3575324916676606"},"themes":[],"htmlText":"Moon","listText":"Moon","text":"Moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/832252769","repostId":"1133515985","repostType":4,"isVote":1,"tweetType":1,"viewCount":762,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894400102,"gmtCreate":1628843832706,"gmtModify":1631892259281,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575324916676606","idStr":"3575324916676606"},"themes":[],"htmlText":"To the moon and sun!","listText":"To the moon and sun!","text":"To the moon and sun!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/894400102","repostId":"1161741439","repostType":4,"repost":{"id":"1161741439","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":1628842731,"share":"https://www.laohu8.com/m/news/1161741439?lang=zh_CN&edition=full","pubTime":"2021-08-13 16:18","market":"us","language":"en","title":"Blockchain stocks gained in premarket trading,BTCM shares rose more than 11%.<blockquote>区块链股票在盘前交易中上涨，BTCM股价上涨超过11%。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1161741439","media":"Tiger Newspress","summary":"Blockchain stocks gained in premarket trading,BTCM shares rose more than 11%.\nFTFT shares were up ne","content":"<p>Blockchain stocks gained in premarket trading,BTCM&nbsp;shares&nbsp;rose&nbsp;more&nbsp;than&nbsp;11%.</p><p><blockquote>区块链股票在盘前交易中上涨，BTCM股价上涨超过11%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c826dc66926776e4077be3866a864182\" tg-width=\"897\" tg-height=\"607\" referrerpolicy=\"no-referrer\">FTFT&nbsp;shares&nbsp;were&nbsp;up&nbsp;nearly&nbsp;7%,BITF&nbsp;shares&nbsp;popped&nbsp;more&nbsp;than&nbsp;5%.</p><p><blockquote>FTFT股价上涨近7%，BITF股价上涨超过5%。</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>Blockchain stocks gained in premarket trading,BTCM shares rose more than 11%.<blockquote>区块链股票在盘前交易中上涨，BTCM股价上涨超过11%。</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\">\nBlockchain stocks gained in premarket trading,BTCM shares rose more than 11%.<blockquote>区块链股票在盘前交易中上涨，BTCM股价上涨超过11%。</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\">2021-08-13 16:18</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Blockchain stocks gained in premarket trading,BTCM&nbsp;shares&nbsp;rose&nbsp;more&nbsp;than&nbsp;11%.</p><p><blockquote>区块链股票在盘前交易中上涨，BTCM股价上涨超过11%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c826dc66926776e4077be3866a864182\" tg-width=\"897\" tg-height=\"607\" referrerpolicy=\"no-referrer\">FTFT&nbsp;shares&nbsp;were&nbsp;up&nbsp;nearly&nbsp;7%,BITF&nbsp;shares&nbsp;popped&nbsp;more&nbsp;than&nbsp;5%.</p><p><blockquote>FTFT股价上涨近7%，BITF股价上涨超过5%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161741439","content_text":"Blockchain stocks gained in premarket trading,BTCM shares rose more than 11%.\nFTFT shares were up nearly 7%,BITF shares popped more than 5%.","news_type":1,"symbols_score_info":{"BTCM":0.9}},"isVote":1,"tweetType":1,"viewCount":418,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":864305407,"gmtCreate":1633053857498,"gmtModify":1633053857748,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575324916676606","idStr":"3575324916676606"},"themes":[],"htmlText":"To the moon! Please like","listText":"To the moon! Please like","text":"To the moon! Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/864305407","repostId":"1124647688","repostType":4,"repost":{"id":"1124647688","kind":"news","pubTimestamp":1633048079,"share":"https://www.laohu8.com/m/news/1124647688?lang=zh_CN&edition=full","pubTime":"2021-10-01 08:27","market":"us","language":"en","title":"Professor who called Dow 20,000 says he’s nervous about trends in inflation that could spark a stock-market correction<blockquote>称道琼斯指数为20,000点的教授表示，他对通胀趋势可能引发股市调整感到紧张</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1124647688","media":"MarketWatch","summary":"Jeremy Siegel, professor of finance at the University of Pennsylvania’s Wharton School of Business, ","content":"<p>Jeremy Siegel, professor of finance at the University of Pennsylvania’s Wharton School of Business, on Wednesday said that a fresh surge in inflation is making him nervous and warned that accelerating pricing pressures could compel the Federal Reserve to raise interest rates at a faster clip than currently anticipated, which could deliver a correction to equity benchmarks.</p><p><blockquote>宾夕法尼亚大学沃顿商学院金融学教授杰里米·西格尔周三表示，通胀的新一轮飙升让他感到紧张，并警告称，加速的定价压力可能会迫使美联储以比目前更快的速度加息。预期，这可能会对股票基准进行修正。</blockquote></p><p> The Wharton professorcredited with calling Dow 20,000&nbsp;in 2015 told CNBC during a Wednesday interview that he is “nervous about the trends I see in inflation currently.”</p><p><blockquote>这位被誉为2015年道琼斯指数20,000点的沃顿商学院教授在周三接受CNBC采访时表示，他“对我目前看到的通胀趋势感到紧张”。</blockquote></p><p> The academic’s comments came as Federal Reserve Chairman Jerome Powell on Wednesday said a bout of high U.S. inflation could be prolonged into early next year because parts and material shortages might be getting worse.</p><p><blockquote>这位学者发表上述言论之际，美联储主席杰罗姆·鲍威尔周三表示，由于零部件和材料短缺可能会恶化，美国的高通胀可能会持续到明年初。</blockquote></p><p> Parts of the financial market are undergoing big price surges, including natural-gas futuresNG00,+1.81%,whichsurged 11% on Monday,reaching levels not seen since 2014 amid tight U.S. supplies and strengthening demand across the globe.</p><p><blockquote>部分金融市场价格正在经历大幅飙升，其中天然气期货NG00,+1.81%，周一飙升11%，达到2014年以来的最高水平，原因是美国供应紧张和全球需求走强。</blockquote></p><p> <b>Read:</b>Inflation in the U.S. is running at the highest level in 30 years</p><p><blockquote><b>阅读：</b>美国通胀处于30年来最高水平</blockquote></p><p> <b>Also:</b>Fed’s Williams predicts the high rate of inflation will cool to 2% in 2022</p><p><blockquote><b>所以：</b>美联储威廉姆斯预计2022年高通胀率将降温至2%</blockquote></p><p> “It’s frustrating to see the supply-chain problems not getting better, in fact they are probably getting worse,” Powell said during a virtual forum with other central bank leaders, including those from the European Central Bank. “It’s very difficult to say how big the effects will be in the meantime and how long they will last.”</p><p><blockquote>鲍威尔在与包括欧洲央行领导人在内的其他央行领导人举行的虚拟论坛上表示：“看到供应链问题没有好转令人沮丧，事实上它们可能会变得更糟。”“很难说在此期间的影响会有多大以及会持续多久。”</blockquote></p><p> The rate of inflation in the U.S., using the Fed’s preferred personal-consumption expenditures price index, rose at a 4.2% pace in the 12 months ended in July. That is the fastest increase in 30 years. Inflation is running even hotter based on the better-known consumer-price index, a measure of the average prices paid by consumers for a common basket of goods and services that serves as a barometer of economic health.</p><p><blockquote>使用美联储首选的个人消费支出价格指数，美国通胀率在截至7月份的12个月中以4.2%的速度上升。这是30年来最快的增长。根据更为人所知的消费者价格指数，通胀甚至更高，该指数衡量消费者为一篮子常见商品和服务支付的平均价格，是经济健康状况的晴雨表。</blockquote></p><p> Powell and others at the Fed have contended for months that the surge in inflation was “transitory.”</p><p><blockquote>鲍威尔和美联储其他人几个月来一直辩称，通胀飙升是“暂时的”。</blockquote></p><p> However, that view is starting to shift and investors are starting to factor in more persistent inflation than previously thought,analysts say.</p><p><blockquote>然而，分析师表示，这种观点正在开始转变，投资者开始考虑比之前想象的更持久的通胀。</blockquote></p><p> Siegel said the anticipated timeline that the Fed will start tapering in November and end it the middle of 2022, with an eye toward starting to raise interest rates sometime next year, is a fair timetable, but he but fears that the surge in inflation could hasten moves, which would drive yields higher and stocks lower.</p><p><blockquote>西格尔表示，美联储将于11月开始缩减规模，并于2022年年中结束，着眼于明年某个时候开始加息，这是一个公平的时间表，但他担心通胀飙升可能会加速举措，这将推动收益率上升和股市下跌。</blockquote></p><p> On Wednesday, the S&amp;P 500 indexSPX,-1.19%ended higher but was still down 3.9% from its Sept. 2 record close, and the Dow Jones Industrial AverageDJIA,-1.59%was off 3.5% from its Aug. 16 record high, following marginal gains on the session. The technology-laden Nasdaq Composite IndexCOMP,-0.44%is down 5.6% from its Sept. 7 closing peak after finishing lower on Wednesday.</p><p><blockquote>周三，标普500指数SPX,-1.19%收高，但仍较9月2日创纪录收盘价下跌3.9%，道琼斯工业平均指数DJIA,-1.59%较8月16日创纪录高点下跌3.5%。盘中小幅上涨。科技含量高的纳斯达克综合指数COMP,-0.44%在周三收低后，较9月7日收盘峰值下跌5.6%。</blockquote></p><p> A correction in an asset is usually defined by market technicians as a fall of at least 10%, but no more than 20%, from a recent peak.</p><p><blockquote>市场技术人员通常将资产的回调定义为较近期峰值下跌至少10%，但不超过20%。</blockquote></p><p> Meanwhile, the benchmark 10-year Treasury noteTMUBMUSD10Y,1.504%,used to price everything from car loans to mortgages, yielded 1.54%, up from 1.534% on Tuesday. The note is up nearly 10 basis points so far this quarter and up 23.7 basis points in September alone, according data compiled by Dow Jones Market Data.</p><p><blockquote>与此同时，用于为从汽车贷款到抵押贷款等各种商品定价的基准10年期国债TMUBMUSD10Y，1.504%，收益率为1.54%，高于周二的1.534%。根据道琼斯市场数据汇编的数据，该票据本季度迄今已上涨近10个基点，仅9月份就上涨了23.7个基点。</blockquote></p><p></p>","source":"market_watch","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>Professor who called Dow 20,000 says he’s nervous about trends in inflation that could spark a stock-market correction<blockquote>称道琼斯指数为20,000点的教授表示，他对通胀趋势可能引发股市调整感到紧张</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; 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}\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\">\nProfessor who called Dow 20,000 says he’s nervous about trends in inflation that could spark a stock-market correction<blockquote>称道琼斯指数为20,000点的教授表示，他对通胀趋势可能引发股市调整感到紧张</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-10-01 08:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Jeremy Siegel, professor of finance at the University of Pennsylvania’s Wharton School of Business, on Wednesday said that a fresh surge in inflation is making him nervous and warned that accelerating pricing pressures could compel the Federal Reserve to raise interest rates at a faster clip than currently anticipated, which could deliver a correction to equity benchmarks.</p><p><blockquote>宾夕法尼亚大学沃顿商学院金融学教授杰里米·西格尔周三表示，通胀的新一轮飙升让他感到紧张，并警告称，加速的定价压力可能会迫使美联储以比目前更快的速度加息。预期，这可能会对股票基准进行修正。</blockquote></p><p> The Wharton professorcredited with calling Dow 20,000&nbsp;in 2015 told CNBC during a Wednesday interview that he is “nervous about the trends I see in inflation currently.”</p><p><blockquote>这位被誉为2015年道琼斯指数20,000点的沃顿商学院教授在周三接受CNBC采访时表示，他“对我目前看到的通胀趋势感到紧张”。</blockquote></p><p> The academic’s comments came as Federal Reserve Chairman Jerome Powell on Wednesday said a bout of high U.S. inflation could be prolonged into early next year because parts and material shortages might be getting worse.</p><p><blockquote>这位学者发表上述言论之际，美联储主席杰罗姆·鲍威尔周三表示，由于零部件和材料短缺可能会恶化，美国的高通胀可能会持续到明年初。</blockquote></p><p> Parts of the financial market are undergoing big price surges, including natural-gas futuresNG00,+1.81%,whichsurged 11% on Monday,reaching levels not seen since 2014 amid tight U.S. supplies and strengthening demand across the globe.</p><p><blockquote>部分金融市场价格正在经历大幅飙升，其中天然气期货NG00,+1.81%，周一飙升11%，达到2014年以来的最高水平，原因是美国供应紧张和全球需求走强。</blockquote></p><p> <b>Read:</b>Inflation in the U.S. is running at the highest level in 30 years</p><p><blockquote><b>阅读：</b>美国通胀处于30年来最高水平</blockquote></p><p> <b>Also:</b>Fed’s Williams predicts the high rate of inflation will cool to 2% in 2022</p><p><blockquote><b>所以：</b>美联储威廉姆斯预计2022年高通胀率将降温至2%</blockquote></p><p> “It’s frustrating to see the supply-chain problems not getting better, in fact they are probably getting worse,” Powell said during a virtual forum with other central bank leaders, including those from the European Central Bank. “It’s very difficult to say how big the effects will be in the meantime and how long they will last.”</p><p><blockquote>鲍威尔在与包括欧洲央行领导人在内的其他央行领导人举行的虚拟论坛上表示：“看到供应链问题没有好转令人沮丧，事实上它们可能会变得更糟。”“很难说在此期间的影响会有多大以及会持续多久。”</blockquote></p><p> The rate of inflation in the U.S., using the Fed’s preferred personal-consumption expenditures price index, rose at a 4.2% pace in the 12 months ended in July. That is the fastest increase in 30 years. Inflation is running even hotter based on the better-known consumer-price index, a measure of the average prices paid by consumers for a common basket of goods and services that serves as a barometer of economic health.</p><p><blockquote>使用美联储首选的个人消费支出价格指数，美国通胀率在截至7月份的12个月中以4.2%的速度上升。这是30年来最快的增长。根据更为人所知的消费者价格指数，通胀甚至更高，该指数衡量消费者为一篮子常见商品和服务支付的平均价格，是经济健康状况的晴雨表。</blockquote></p><p> Powell and others at the Fed have contended for months that the surge in inflation was “transitory.”</p><p><blockquote>鲍威尔和美联储其他人几个月来一直辩称，通胀飙升是“暂时的”。</blockquote></p><p> However, that view is starting to shift and investors are starting to factor in more persistent inflation than previously thought,analysts say.</p><p><blockquote>然而，分析师表示，这种观点正在开始转变，投资者开始考虑比之前想象的更持久的通胀。</blockquote></p><p> Siegel said the anticipated timeline that the Fed will start tapering in November and end it the middle of 2022, with an eye toward starting to raise interest rates sometime next year, is a fair timetable, but he but fears that the surge in inflation could hasten moves, which would drive yields higher and stocks lower.</p><p><blockquote>西格尔表示，美联储将于11月开始缩减规模，并于2022年年中结束，着眼于明年某个时候开始加息，这是一个公平的时间表，但他担心通胀飙升可能会加速举措，这将推动收益率上升和股市下跌。</blockquote></p><p> On Wednesday, the S&amp;P 500 indexSPX,-1.19%ended higher but was still down 3.9% from its Sept. 2 record close, and the Dow Jones Industrial AverageDJIA,-1.59%was off 3.5% from its Aug. 16 record high, following marginal gains on the session. The technology-laden Nasdaq Composite IndexCOMP,-0.44%is down 5.6% from its Sept. 7 closing peak after finishing lower on Wednesday.</p><p><blockquote>周三，标普500指数SPX,-1.19%收高，但仍较9月2日创纪录收盘价下跌3.9%，道琼斯工业平均指数DJIA,-1.59%较8月16日创纪录高点下跌3.5%。盘中小幅上涨。科技含量高的纳斯达克综合指数COMP,-0.44%在周三收低后，较9月7日收盘峰值下跌5.6%。</blockquote></p><p> A correction in an asset is usually defined by market technicians as a fall of at least 10%, but no more than 20%, from a recent peak.</p><p><blockquote>市场技术人员通常将资产的回调定义为较近期峰值下跌至少10%，但不超过20%。</blockquote></p><p> Meanwhile, the benchmark 10-year Treasury noteTMUBMUSD10Y,1.504%,used to price everything from car loans to mortgages, yielded 1.54%, up from 1.534% on Tuesday. The note is up nearly 10 basis points so far this quarter and up 23.7 basis points in September alone, according data compiled by Dow Jones Market Data.</p><p><blockquote>与此同时，用于为从汽车贷款到抵押贷款等各种商品定价的基准10年期国债TMUBMUSD10Y，1.504%，收益率为1.54%，高于周二的1.534%。根据道琼斯市场数据汇编的数据，该票据本季度迄今已上涨近10个基点，仅9月份就上涨了23.7个基点。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/professor-who-called-dow-20-000-says-hes-nervous-about-trends-in-inflation-that-could-spark-a-stock-market-correction-11632949212?siteid=yhoof2\">MarketWatch</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://www.marketwatch.com/story/professor-who-called-dow-20-000-says-hes-nervous-about-trends-in-inflation-that-could-spark-a-stock-market-correction-11632949212?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1124647688","content_text":"Jeremy Siegel, professor of finance at the University of Pennsylvania’s Wharton School of Business, on Wednesday said that a fresh surge in inflation is making him nervous and warned that accelerating pricing pressures could compel the Federal Reserve to raise interest rates at a faster clip than currently anticipated, which could deliver a correction to equity benchmarks.\nThe Wharton professorcredited with calling Dow 20,000 in 2015 told CNBC during a Wednesday interview that he is “nervous about the trends I see in inflation currently.”\nThe academic’s comments came as Federal Reserve Chairman Jerome Powell on Wednesday said a bout of high U.S. inflation could be prolonged into early next year because parts and material shortages might be getting worse.\nParts of the financial market are undergoing big price surges, including natural-gas futuresNG00,+1.81%,whichsurged 11% on Monday,reaching levels not seen since 2014 amid tight U.S. supplies and strengthening demand across the globe.\nRead:Inflation in the U.S. is running at the highest level in 30 years\nAlso:Fed’s Williams predicts the high rate of inflation will cool to 2% in 2022\n“It’s frustrating to see the supply-chain problems not getting better, in fact they are probably getting worse,” Powell said during a virtual forum with other central bank leaders, including those from the European Central Bank. “It’s very difficult to say how big the effects will be in the meantime and how long they will last.”\nThe rate of inflation in the U.S., using the Fed’s preferred personal-consumption expenditures price index, rose at a 4.2% pace in the 12 months ended in July. That is the fastest increase in 30 years. Inflation is running even hotter based on the better-known consumer-price index, a measure of the average prices paid by consumers for a common basket of goods and services that serves as a barometer of economic health.\nPowell and others at the Fed have contended for months that the surge in inflation was “transitory.”\nHowever, that view is starting to shift and investors are starting to factor in more persistent inflation than previously thought,analysts say.\nSiegel said the anticipated timeline that the Fed will start tapering in November and end it the middle of 2022, with an eye toward starting to raise interest rates sometime next year, is a fair timetable, but he but fears that the surge in inflation could hasten moves, which would drive yields higher and stocks lower.\nOn Wednesday, the S&P 500 indexSPX,-1.19%ended higher but was still down 3.9% from its Sept. 2 record close, and the Dow Jones Industrial AverageDJIA,-1.59%was off 3.5% from its Aug. 16 record high, following marginal gains on the session. The technology-laden Nasdaq Composite IndexCOMP,-0.44%is down 5.6% from its Sept. 7 closing peak after finishing lower on Wednesday.\nA correction in an asset is usually defined by market technicians as a fall of at least 10%, but no more than 20%, from a recent peak.\nMeanwhile, the benchmark 10-year Treasury noteTMUBMUSD10Y,1.504%,used to price everything from car loans to mortgages, yielded 1.54%, up from 1.534% on Tuesday. The note is up nearly 10 basis points so far this quarter and up 23.7 basis points in September alone, according data compiled by Dow Jones Market Data.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2499,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":888003339,"gmtCreate":1631410874321,"gmtModify":1631890456291,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575324916676606","idStr":"3575324916676606"},"themes":[],"htmlText":"To the moon!","listText":"To the moon!","text":"To the 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moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/880593614","repostId":"2165350503","repostType":4,"isVote":1,"tweetType":1,"viewCount":565,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107075479,"gmtCreate":1620436513491,"gmtModify":1631892507106,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575324916676606","idStr":"3575324916676606"},"themes":[],"htmlText":"Lol 👌awesome","listText":"Lol 👌awesome","text":"Lol 👌awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/107075479","repostId":"1120904578","repostType":4,"repost":{"id":"1120904578","kind":"news","pubTimestamp":1620429937,"share":"https://www.laohu8.com/m/news/1120904578?lang=zh_CN&edition=full","pubTime":"2021-05-08 07:25","market":"us","language":"en","title":"S&P 500, Dow hit record highs as weak jobs data eases rate worries<blockquote>疲软的就业数据缓解了利率担忧，标普500和道指创下历史新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1120904578","media":"Reuters","summary":"The Dow and S&P 500 hit record closing highs on Friday while registering gains for the week, and the","content":"<p>The Dow and S&amp;P 500 hit record closing highs on Friday while registering gains for the week, and the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> recovered after U.S. jobs data eased concerns over prospects for rising rates.</p><p><blockquote>道琼斯指数和标普500指数周五创下历史收盘新高，同时录得本周上涨，而<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>在美国就业数据缓解了对加息前景的担忧后复苏。</blockquote></p><p>U.S. job growth&nbsp;unexpectedly slowed&nbsp;in April, likely restrained by shortages of workers, the Labor Department report showed.</p><p><blockquote>劳工部报告显示，美国4月份就业增长意外放缓，可能受到工人短缺的限制。</blockquote></p><p>The report alleviated some concerns about rising inflation and potentially higher U.S. interest rates, which some investors worry would hurt growth companies with high valuations.</p><p><blockquote>该报告缓解了对通胀上升和美国利率可能上升的一些担忧，一些投资者担心这将损害高估值的成长型公司。</blockquote></p><p>“Growth names that were taken to the woodshed are getting another chance, because they will be perceived to be less risky in an environment where there is a slower recovery, and that’s really what the jobs data is indicating”, said Tom Martin, senior portfolio manager at Globalt Investments.</p><p><blockquote>高级投资组合汤姆·马丁(Tom Martin)表示：“那些被带到柴房的成长型公司正在获得另一次机会，因为在复苏较慢的环境中，它们将被认为风险较小，而这正是就业数据所表明的。”Globalt Investments经理。</blockquote></p><p>Heavily-weighted growth stocks such as <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Corp MSFT.O and <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc AAPL.O rose by 1.1% and 0.5%, respectively, giving the S&amp;P 500 and Nasdaq their biggest boosts.</p><p><blockquote>权重较大的成长股，例如<a href=\"https://laohu8.com/S/MSFT\">微软</a>公司MSFT.O和<a href=\"https://laohu8.com/S/AAPL\">苹果</a>Inc.AAPL.O分别上涨1.1%和0.5%，标普500和纳斯达克涨幅最大。</blockquote></p><p>But gains were broad-based, with all major S&amp;P 500 sectors ending in the green and energy SPNY and real estate SPLRCR leading the advance. Energy and materials SPLRCM both hit fresh highs.</p><p><blockquote>但涨幅广泛，所有主要标普500板块均以绿色能源SPNY和房地产SPLRCR领涨。能源和材料SPLRCM双双创下新高。</blockquote></p><p>The Dow .DJI rose 229.23 points, or 0.66%, to 34,777.76, the S&amp;P 500 .SPX gained 30.98 points, or 0.74%, to 4,232.6 and the Nasdaq Composite .IXIC added 119.40 points, or 0.88%, to 13,752.24.</p><p><blockquote>道琼斯指数。DJI上涨229.23点，或0.66%，至34,777.76点；标普500.SPX上涨30.98点，或0.74%，至4,232.6点；纳斯达克综合指数。IXIC上涨119.40点，或0.88%，至13,752.24点。</blockquote></p><p>For the week, the Dow rose 2.7%, its biggest weekly percentage gain since March. The S&amp;P 500 gained 1.2%, its best week since mid-April, while the Nasdaq shed 1.5%.</p><p><blockquote>本周，道指上涨2.7%，创3月以来最大单周百分比涨幅。标普500上涨1.2%，为4月中旬以来表现最好的一周，而纳斯达克下跌1.5%。</blockquote></p><p>“The anticipation and confirmation of (Federal Reserve) policy staying the same and continued economic recovery with vaccines rollout have fueled these all-time highs, but we do believe the volatility is going to be tightened in the short term,” said Greg Bassuk, chief executive at Axs Investments.</p><p><blockquote>格雷格·巴苏克(Greg Bassuk)表示：“对（美联储）政策保持不变以及疫苗推出后经济持续复苏的预期和确认推动了这些历史高点，但我们确实认为短期内波动性将会收紧。”，Axs投资公司首席执行官。</blockquote></p><p>A raft of upbeat earnings also helped stocks, and S&amp;P 500 earnings are now estimated to have increased 50.4% in the first quarter from a year ago, which would be the highest growth rate since the first quarter of 2010, according to Refinitiv data.</p><p><blockquote>大量乐观的盈利也帮助了股市，根据Refinitiv的数据，目前预计标普500第一季度盈利同比增长50.4%，这将是自2010年第一季度以来的最高增长率。</blockquote></p><p>Payments firm <a href=\"https://laohu8.com/S/SQ\">Square</a> Inc SQ.N rose 4.2% after reporting a better-than-expected quarterly profit, as surging demand for bitcoin fueled a jump in cryptocurrency transactions on its application. (Full Story)</p><p><blockquote>支付公司<a href=\"https://laohu8.com/S/SQ\">平方</a>Inc SQ.N在公布好于预期的季度利润后上涨4.2%，因为对比特币的需求激增推动了其应用程序上的加密货币交易激增。（全文）</blockquote></p><p>Streaming device maker <a href=\"https://laohu8.com/S/ROKU\">Roku Inc</a> ROKU.O jumped 11.5%following an upbeat revenue outlook, while fitness equipment maker Peloton Interactive Inc PTON.O gained as it laid out steps to improve the safety of its equipment. (Full Story) (Full Story)</p><p><blockquote>流媒体设备制造商<a href=\"https://laohu8.com/S/ROKU\">Roku公司</a>ROKU.O因收入前景乐观而上涨11.5%，而健身器材制造商Peloton Interactive Inc PTON.O因采取措施提高设备安全性而上涨。（全文）（全文）</blockquote></p><p><a href=\"https://laohu8.com/S/EXPE\">Expedia</a> Group Inc EXPE.O shares rose 5.2% as analysts raised price targets following the company’s upbeat results.</p><p><blockquote><a href=\"https://laohu8.com/S/EXPE\">Expedia</a>Group Inc EXPE.O股价上涨5.2%，分析师在该公司公布乐观业绩后上调了目标价。</blockquote></p><p>Advancing issues outnumbered declining ones on the NYSE by a 3.27-to-1 ratio; on Nasdaq, a 2.12-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股与下跌股的比例为3.27比1；在纳斯达克，2.12比1的比率有利于上涨者。</blockquote></p><p>The S&amp;P 500 posted 164 new 52-week highs and <a href=\"https://laohu8.com/S/AONE\">one</a> new low; the Nasdaq Composite recorded 164 new highs and 64 new lows.</p><p><blockquote>标普500创下164个52周新高，<a href=\"https://laohu8.com/S/AONE\">一</a>新低；纳斯达克综合指数录得164个新高和64个新低。</blockquote></p><p>Volume on U.S. exchanges was 10.23 billion shares, compared with the 10.11 billion average for the full session over the last 20 trading days.</p><p><blockquote>美国交易所成交量为102.3亿股，而过去20个交易日全交易日平均成交量为101.1亿股。</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>S&P 500, Dow hit record highs as weak jobs data eases rate worries<blockquote>疲软的就业数据缓解了利率担忧，标普500和道指创下历史新高</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; 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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\">\nS&P 500, Dow hit record highs as weak jobs data eases rate worries<blockquote>疲软的就业数据缓解了利率担忧，标普500和道指创下历史新高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-05-08 07:25</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Dow and S&amp;P 500 hit record closing highs on Friday while registering gains for the week, and the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> recovered after U.S. jobs data eased concerns over prospects for rising rates.</p><p><blockquote>道琼斯指数和标普500指数周五创下历史收盘新高，同时录得本周上涨，而<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>在美国就业数据缓解了对加息前景的担忧后复苏。</blockquote></p><p>U.S. job growth&nbsp;unexpectedly slowed&nbsp;in April, likely restrained by shortages of workers, the Labor Department report showed.</p><p><blockquote>劳工部报告显示，美国4月份就业增长意外放缓，可能受到工人短缺的限制。</blockquote></p><p>The report alleviated some concerns about rising inflation and potentially higher U.S. interest rates, which some investors worry would hurt growth companies with high valuations.</p><p><blockquote>该报告缓解了对通胀上升和美国利率可能上升的一些担忧，一些投资者担心这将损害高估值的成长型公司。</blockquote></p><p>“Growth names that were taken to the woodshed are getting another chance, because they will be perceived to be less risky in an environment where there is a slower recovery, and that’s really what the jobs data is indicating”, said Tom Martin, senior portfolio manager at Globalt Investments.</p><p><blockquote>高级投资组合汤姆·马丁(Tom Martin)表示：“那些被带到柴房的成长型公司正在获得另一次机会，因为在复苏较慢的环境中，它们将被认为风险较小，而这正是就业数据所表明的。”Globalt Investments经理。</blockquote></p><p>Heavily-weighted growth stocks such as <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Corp MSFT.O and <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc AAPL.O rose by 1.1% and 0.5%, respectively, giving the S&amp;P 500 and Nasdaq their biggest boosts.</p><p><blockquote>权重较大的成长股，例如<a href=\"https://laohu8.com/S/MSFT\">微软</a>公司MSFT.O和<a href=\"https://laohu8.com/S/AAPL\">苹果</a>Inc.AAPL.O分别上涨1.1%和0.5%，标普500和纳斯达克涨幅最大。</blockquote></p><p>But gains were broad-based, with all major S&amp;P 500 sectors ending in the green and energy SPNY and real estate SPLRCR leading the advance. Energy and materials SPLRCM both hit fresh highs.</p><p><blockquote>但涨幅广泛，所有主要标普500板块均以绿色能源SPNY和房地产SPLRCR领涨。能源和材料SPLRCM双双创下新高。</blockquote></p><p>The Dow .DJI rose 229.23 points, or 0.66%, to 34,777.76, the S&amp;P 500 .SPX gained 30.98 points, or 0.74%, to 4,232.6 and the Nasdaq Composite .IXIC added 119.40 points, or 0.88%, to 13,752.24.</p><p><blockquote>道琼斯指数。DJI上涨229.23点，或0.66%，至34,777.76点；标普500.SPX上涨30.98点，或0.74%，至4,232.6点；纳斯达克综合指数。IXIC上涨119.40点，或0.88%，至13,752.24点。</blockquote></p><p>For the week, the Dow rose 2.7%, its biggest weekly percentage gain since March. The S&amp;P 500 gained 1.2%, its best week since mid-April, while the Nasdaq shed 1.5%.</p><p><blockquote>本周，道指上涨2.7%，创3月以来最大单周百分比涨幅。标普500上涨1.2%，为4月中旬以来表现最好的一周，而纳斯达克下跌1.5%。</blockquote></p><p>“The anticipation and confirmation of (Federal Reserve) policy staying the same and continued economic recovery with vaccines rollout have fueled these all-time highs, but we do believe the volatility is going to be tightened in the short term,” said Greg Bassuk, chief executive at Axs Investments.</p><p><blockquote>格雷格·巴苏克(Greg Bassuk)表示：“对（美联储）政策保持不变以及疫苗推出后经济持续复苏的预期和确认推动了这些历史高点，但我们确实认为短期内波动性将会收紧。”，Axs投资公司首席执行官。</blockquote></p><p>A raft of upbeat earnings also helped stocks, and S&amp;P 500 earnings are now estimated to have increased 50.4% in the first quarter from a year ago, which would be the highest growth rate since the first quarter of 2010, according to Refinitiv data.</p><p><blockquote>大量乐观的盈利也帮助了股市，根据Refinitiv的数据，目前预计标普500第一季度盈利同比增长50.4%，这将是自2010年第一季度以来的最高增长率。</blockquote></p><p>Payments firm <a href=\"https://laohu8.com/S/SQ\">Square</a> Inc SQ.N rose 4.2% after reporting a better-than-expected quarterly profit, as surging demand for bitcoin fueled a jump in cryptocurrency transactions on its application. (Full Story)</p><p><blockquote>支付公司<a href=\"https://laohu8.com/S/SQ\">平方</a>Inc SQ.N在公布好于预期的季度利润后上涨4.2%，因为对比特币的需求激增推动了其应用程序上的加密货币交易激增。（全文）</blockquote></p><p>Streaming device maker <a href=\"https://laohu8.com/S/ROKU\">Roku Inc</a> ROKU.O jumped 11.5%following an upbeat revenue outlook, while fitness equipment maker Peloton Interactive Inc PTON.O gained as it laid out steps to improve the safety of its equipment. (Full Story) (Full Story)</p><p><blockquote>流媒体设备制造商<a href=\"https://laohu8.com/S/ROKU\">Roku公司</a>ROKU.O因收入前景乐观而上涨11.5%，而健身器材制造商Peloton Interactive Inc PTON.O因采取措施提高设备安全性而上涨。（全文）（全文）</blockquote></p><p><a href=\"https://laohu8.com/S/EXPE\">Expedia</a> Group Inc EXPE.O shares rose 5.2% as analysts raised price targets following the company’s upbeat results.</p><p><blockquote><a href=\"https://laohu8.com/S/EXPE\">Expedia</a>Group Inc EXPE.O股价上涨5.2%，分析师在该公司公布乐观业绩后上调了目标价。</blockquote></p><p>Advancing issues outnumbered declining ones on the NYSE by a 3.27-to-1 ratio; on Nasdaq, a 2.12-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股与下跌股的比例为3.27比1；在纳斯达克，2.12比1的比率有利于上涨者。</blockquote></p><p>The S&amp;P 500 posted 164 new 52-week highs and <a href=\"https://laohu8.com/S/AONE\">one</a> new low; the Nasdaq Composite recorded 164 new highs and 64 new lows.</p><p><blockquote>标普500创下164个52周新高，<a href=\"https://laohu8.com/S/AONE\">一</a>新低；纳斯达克综合指数录得164个新高和64个新低。</blockquote></p><p>Volume on U.S. exchanges was 10.23 billion shares, compared with the 10.11 billion average for the full session over the last 20 trading days.</p><p><blockquote>美国交易所成交量为102.3亿股，而过去20个交易日全交易日平均成交量为101.1亿股。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/business/sp-500-dow-hit-record-highs-weak-jobs-data-eases-rate-worries-2021-05-07/\">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":{"161125":"标普500","513500":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPXU":"三倍做空标普500ETF-ProShares",".SPX":"S&P 500 Index","ROKU":"Roku Inc","UPRO":"三倍做多标普500ETF-ProShares","MSFT":"微软","SDS":"两倍做空标普500 ETF-ProShares","SPY":"标普500ETF","OEF":"标普100指数ETF-iShares","SSO":"2倍做多标普500ETF-ProShares","SH":"做空标普500-Proshares","IVV":"标普500ETF-iShares","EXPE":"Expedia","OEX":"标普100","AAPL":"苹果"},"source_url":"https://www.reuters.com/business/sp-500-dow-hit-record-highs-weak-jobs-data-eases-rate-worries-2021-05-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120904578","content_text":"The Dow and S&P 500 hit record closing highs on Friday while registering gains for the week, and the Nasdaq recovered after U.S. jobs data eased concerns over prospects for rising rates.U.S. job growth unexpectedly slowed in April, likely restrained by shortages of workers, the Labor Department report showed.The report alleviated some concerns about rising inflation and potentially higher U.S. interest rates, which some investors worry would hurt growth companies with high valuations.“Growth names that were taken to the woodshed are getting another chance, because they will be perceived to be less risky in an environment where there is a slower recovery, and that’s really what the jobs data is indicating”, said Tom Martin, senior portfolio manager at Globalt Investments.Heavily-weighted growth stocks such as Microsoft Corp MSFT.O and Apple Inc AAPL.O rose by 1.1% and 0.5%, respectively, giving the S&P 500 and Nasdaq their biggest boosts.But gains were broad-based, with all major S&P 500 sectors ending in the green and energy SPNY and real estate SPLRCR leading the advance. Energy and materials SPLRCM both hit fresh highs.The Dow .DJI rose 229.23 points, or 0.66%, to 34,777.76, the S&P 500 .SPX gained 30.98 points, or 0.74%, to 4,232.6 and the Nasdaq Composite .IXIC added 119.40 points, or 0.88%, to 13,752.24.For the week, the Dow rose 2.7%, its biggest weekly percentage gain since March. The S&P 500 gained 1.2%, its best week since mid-April, while the Nasdaq shed 1.5%.“The anticipation and confirmation of (Federal Reserve) policy staying the same and continued economic recovery with vaccines rollout have fueled these all-time highs, but we do believe the volatility is going to be tightened in the short term,” said Greg Bassuk, chief executive at Axs Investments.A raft of upbeat earnings also helped stocks, and S&P 500 earnings are now estimated to have increased 50.4% in the first quarter from a year ago, which would be the highest growth rate since the first quarter of 2010, according to Refinitiv data.Payments firm Square Inc SQ.N rose 4.2% after reporting a better-than-expected quarterly profit, as surging demand for bitcoin fueled a jump in cryptocurrency transactions on its application. (Full Story)Streaming device maker Roku Inc ROKU.O jumped 11.5%following an upbeat revenue outlook, while fitness equipment maker Peloton Interactive Inc PTON.O gained as it laid out steps to improve the safety of its equipment. (Full Story) (Full Story)Expedia Group Inc EXPE.O shares rose 5.2% as analysts raised price targets following the company’s upbeat results.Advancing issues outnumbered declining ones on the NYSE by a 3.27-to-1 ratio; on Nasdaq, a 2.12-to-1 ratio favored advancers.The S&P 500 posted 164 new 52-week highs and one new low; the Nasdaq Composite recorded 164 new highs and 64 new lows.Volume on U.S. exchanges was 10.23 billion shares, compared with the 10.11 billion average for the full session over the last 20 trading days.","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"SH":0.9,"SQ":0.9,".DJI":0.9,"MSFT":0.9,".IXIC":0.9,"IVV":0.9,"SDS":0.9,".SPX":0.9,"ROKU":0.9,"SPY":0.9,"SPXU":0.9,"EXPE":0.9,"OEX":0.9,"OEF":0.9,"AAPL":0.9,"SSO":0.9,"ESmain":0.9,"UPRO":0.9}},"isVote":1,"tweetType":1,"viewCount":627,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":854830574,"gmtCreate":1635431639623,"gmtModify":1635431801034,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575324916676606","idStr":"3575324916676606"},"themes":[],"htmlText":"Moon!","listText":"Moon!","text":"Moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/854830574","repostId":"2178626213","repostType":4,"isVote":1,"tweetType":1,"viewCount":2201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":814356986,"gmtCreate":1630769084545,"gmtModify":1631890456308,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575324916676606","idStr":"3575324916676606"},"themes":[],"htmlText":"Moon","listText":"Moon","text":"Moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/814356986","repostId":"1194566233","repostType":4,"isVote":1,"tweetType":1,"viewCount":825,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139984963,"gmtCreate":1621584645852,"gmtModify":1631892507075,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575324916676606","idStr":"3575324916676606"},"themes":[],"htmlText":"Love the innovations","listText":"Love the innovations","text":"Love the innovations","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/139984963","repostId":"1170860218","repostType":4,"isVote":1,"tweetType":1,"viewCount":1040,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":883262336,"gmtCreate":1631245278925,"gmtModify":1631890456296,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575324916676606","idStr":"3575324916676606"},"themes":[],"htmlText":"To the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/883262336","repostId":"1109335825","repostType":4,"repost":{"id":"1109335825","kind":"news","pubTimestamp":1631244962,"share":"https://www.laohu8.com/m/news/1109335825?lang=zh_CN&edition=full","pubTime":"2021-09-10 11:36","market":"hk","language":"en","title":"Significant Upside Potential In XPeng's Valuation<blockquote>小鹏汽车估值上涨潜力巨大</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109335825","media":"Seeking Alpha","summary":"Summary\n\nFounded in 2014, XPeng is a Chinese electric vehicle manufacturer. The company has two mode","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Founded in 2014, XPeng is a Chinese electric vehicle manufacturer. The company has two models, the G3, which is a sport utility vehicle, and a smart sedan called P7.</li>  <li>The company’s cars come with XPILOT 2.5, but will soon incorporate XPILOT 3.5 and XPILOT 4.0. The new technology will include many more perception sensors including radars and high-resolution cameras.</li>  <li>XPEV will most likely deliver sales growth of close to 30%-25% in the next nine years. Notice that my numbers are not far from the sales growth delivered by Tesla.</li>  <li>I designed a DCF model including FCF/Sales of 8%-7% and sales growth of 30%-28% from 2026 to 2030. The implied stock price is equal to $114-$157.</li>  <li>I used a WACC of 6.7% because I am expecting a significant decrease in the company’s volatility, which may diminish the company’s beta. In my view, more sales growth and better margins will most likely increase the demand for the stock and decrease volatility.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45f094bec5a7e731c30721c91e342c6b\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>SimonSkafar/E+ via Getty Images</span></p><p><blockquote><ul><li>小鹏汽车成立于2014年，是一家中国电动汽车制造商。该公司有两款车型，一款是运动型多用途车G3，另一款是名为P7的智能轿车。</li><li>该公司的汽车配备了XPILOT 2.5，但很快将纳入XPILOT 3.5和XPILOT 4.0。这项新技术将包括更多的感知传感器，包括雷达和高分辨率摄像头。</li><li>XPEV很可能在未来九年内实现近30%-25%的销售增长。请注意，我的数据与特斯拉的销售增长相差不远。</li><li>我设计了一个DCF模型，包括2026-2030年FCF/销售额8%-7%，销售额增长30%-28%。隐含股价等于114-157美元。</li><li>我使用6.7%的WACC，因为我预计公司的波动性将显着下降，这可能会降低公司的贝塔值。在我看来，更多的销售增长和更好的利润率很可能会增加对股票的需求并降低波动性。</li></ul><p class=\"t-img-caption\"><span>SimonSkafar/E+来自Getty Images</span></p></blockquote></p><p> With billions invested in new XPILOT technologies, XPeng (XPEV) could surprise drivers when the management delivers the new technology. The company also has a significant amount of cash to invest in marketing in China and internationally. With this in mind and assuming that XPEV will look like Tesla (TSLA) in the future, I designed a DCF model. I used FCF/Sales of 8-7% and sales growth of 30-28% from 2026 to 2030. The company’s implied valuation is close to $114-157. There is significant upside potential in the company’s valuation.</p><p><blockquote>随着数十亿美元投资于新的XPILOT技术，当管理层推出新技术时，小鹏汽车(XPEV)可能会给驾驶员带来惊喜。该公司还拥有大量现金用于投资中国和国际营销。考虑到这一点，并假设XPEV在未来看起来会像特斯拉(TSLA)，我设计了一个DCF模型。从2026年到2030年，我使用的FCF/销售额为8-7%，销售额增长率为30-28%。该公司的隐含估值接近114-157美元。公司估值有很大的上行潜力。</blockquote></p><p> <b>Business: New XPILOT Technologies And International Expansion</b></p><p><blockquote><b>业务：新XPILOT技术和国际扩张</b></blockquote></p><p> Founded in 2014, XPeng is a Chinese electric vehicle manufacturer. The company has two models, the G3, which is a sport utility vehicle, and a smart sedan called&nbsp;P7:</p><p><blockquote>小鹏汽车成立于2014年，是一家中国电动汽车制造商。该公司有两款车型：运动型多用途车G3和名为P 7的智能轿车：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/acabdc3dd5b0d0c462eba459a9e1e1bb\" tg-width=\"1238\" tg-height=\"828\" width=\"100%\" height=\"auto\"><span>Source: Company’s Website</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司网站</span></p></blockquote></p><p> The company’s cars come with XPILOT 2.5, but will soon incorporate&nbsp;XPILOT 3.5&nbsp;and XPILOT 4.0. The new technology will include many more perception sensors including radars and high-resolution cameras. In my opinion, when investors learn about the new technologies that XPEV is about to release, the demand for the stock will increase:</p><p><blockquote>该公司的汽车配备了XPILOT 2.5，但很快将纳入XPILOT 3.5和XPILOT 4.0。这项新技术将包括更多的感知传感器，包括雷达和高分辨率摄像头。在我看来，当投资者了解到XPEV即将发布的新技术时，对该股的需求将会增加：</blockquote></p><p>   The new architecture comprises 32 perception sensors (including 2 LiDAR units, 12 ultrasonic sensors, 5 millimeter-wave radars, and 13 high-resolution cameras) and 1 high-precision positioning unit (GNSS + IMU), integrated into 360° dual-perception fusion to provide sufficient redundancy across the perception sensors to handle challenging and complex road conditions. Source: YouTube  In my opinion, the other catalyst for the stock is the company’s international expansion. I don’t think investors are taking into account that close to 5% of XPEV’s net proceeds from recent sales of equity are being used for expanding the company’s presence in&nbsp;Europe&nbsp;and elsewhere. If you factor in the market opportunity outside China, XPEV’s future free cash flow explodes up:</p><p><blockquote>新架构包括32个感知传感器（包括2个激光雷达单元、12个超声波传感器、5个毫米波雷达和13个高分辨率摄像头）和1个高精度定位单元（GNSS+IMU），集成到360°双感知融合中，为感知传感器提供足够的冗余，以应对具有挑战性和复杂的路况。来源：YouTube在我看来，该股的另一个催化剂是该公司的国际扩张。我认为投资者没有考虑到XPEV最近出售股权的净收益中有近5%被用于扩大公司在欧洲和其他地方的业务。如果考虑到中国以外的市场机会，XPEV未来的自由现金流会爆炸式增长：</blockquote></p><p>   Approximately 5% (approximately HK$689.0 million) of the net proceeds is expected to be used for strategically building and expanding our presence in international markets, starting with certain European markets. Source:Prospectus  <b>Financial Situation: Significant Amount Of Cash</b></p><p><blockquote>所得款项净额约5%（约689.0百万港元）预期将用于策略性地建立及扩大我们于国际市场的业务，首先是若干欧洲市场。资料来源：招股章程<b>财务状况：大量现金</b></blockquote></p><p> In June 2021, XPEV reported $7 billion in total assets, including $4.3 billion in cash and short-term deposits, and liabilities worth $2 billion. With these financial figures, I believe that the company has the financial power to invest in research and developments as well as marketing efforts. The company has everything needed to enhance sales growth:</p><p><blockquote>2021年6月，XPEV报告总资产为70亿美元，其中现金和短期存款43亿美元，负债价值20亿美元。有了这些财务数据，我相信公司有财力投资于研发和营销工作。该公司拥有促进销售增长所需的一切：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e2abf76887014f48a87c9c7a7029035\" tg-width=\"1280\" tg-height=\"451\" width=\"100%\" height=\"auto\"><span>Source: 10-Q</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：10-Q</span></p></blockquote></p><p> As of June 30, 2021, XPEV reported $247 million in long-term borrowings. The company’s long-term borrowings don’t seem worrying. That’s not all. XPEV reports a significant amount of deferred revenue, which means that clients pay in advance to have the company’s products. It means two things. First, the company may not have to talk to bankers because clients finance the development of cars. Second, there is a significant demand for XPEV’s products:</p><p><blockquote>截至2021年6月30日，XPEV报告的长期借款为2.47亿美元。该公司的长期借款似乎并不令人担忧。这还不是全部。XPEV报告了大量递延收入，这意味着客户需要提前付款才能获得该公司的产品。这意味着两件事。首先，该公司可能不必与银行家交谈，因为客户为汽车的开发提供资金。其次，XPEV的产品需求巨大：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/397f5fd8052072ff7a3b46566ef81f21\" tg-width=\"710\" tg-height=\"545\" width=\"100%\" height=\"auto\"><span>Source: 10-Q</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：10-Q</span></p></blockquote></p><p> <b>Base Case Scenario</b></p><p><blockquote><b>基本情况</b></blockquote></p><p></p><p> In my view, if the company continues to offer innovative technologies, sales growth will remain elevated. In the base case scenario, I assumed that the company will introduce its XPILOT 3.5 and XPILOT 4.0 to support the next-generation autonomous driving hardware. Besides, I also assumed that the company will successfully redesign its powertrain and E/E architecture to offer cost efficiency, and compete with vehicles of NIO (NIO) or Tesla(NASDAQ:TSLA).</p><p><blockquote>在我看来，如果公司继续提供创新技术，销售增长将保持较高水平。在基本情况下，我假设该公司将推出XPILOT 3.5和XPILOT 4.0来支持下一代自动驾驶硬件。此外，我还假设该公司将成功重新设计其动力总成和E/E架构，以提供成本效率，并与蔚来（蔚来）或特斯拉（纳斯达克：TSLA）的汽车竞争。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a8c3ebcbc58030fe748c5eada31f3b2c\" tg-width=\"1153\" tg-height=\"763\" width=\"100%\" height=\"auto\"><span>Source: XPILOT - YouTube</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：Xpilot-YouTube</span></p></blockquote></p><p> I would also expect XPEV to increase the monetization of software and content offerings like the company has done in monetizing its XPILOT tools. Besides, if the company successfully collaborates with third-party app developers, I would be expecting XPEV to find many more monetization models.</p><p><blockquote>我还希望XPEV能够增加软件和内容产品的货币化，就像该公司通过XPILOT工具货币化所做的那样。此外，如果该公司成功与第三方应用程序开发商合作，我预计XPEV会找到更多的盈利模式。</blockquote></p><p> In my view, with these assumptions, XPEV will be able to deliver sales growth of close to 30%-25% in the next nine years. Notice that my numbers are not far from the sales growth delivered by Tesla. The American company delivered more than 240% sales growth from 2012 to 2014, and then around 29-33% from 2016 to 2021:</p><p><blockquote>在我看来，根据这些假设，XPEV将能够在未来九年内实现接近30%-25%的销量增长。请注意，我的数据与特斯拉的销售增长相差不远。这家美国公司从2012年到2014年的销售额增长了240%以上，然后从2016年到2021年增长了29-33%左右：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4b1c352dfb330231a94c71f9fcdb2ff9\" tg-width=\"810\" tg-height=\"540\" width=\"100%\" height=\"auto\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> I also looked at the profitability of Tesla to understand when XPEV could start delivering cash flow from operations. Tesla took close to 14-16 years to offer positive and significant cash flow from operations. XPEV will most likely be faster because it may obtain certain strategic information from the vehicles of NIO and Tesla. With that, I will be assuming that after 14-16 years of the creation of the company, XPEV’s cash flow will be positive:</p><p><blockquote>我还研究了特斯拉的盈利能力，以了解XPEV何时可以开始提供运营现金流。特斯拉花了近14-16年的时间才从运营中提供了积极且可观的现金流。XPEV很可能会更快，因为它可能会从蔚来和特斯拉的车辆中获得某些战略信息。因此，我假设公司成立14-16年后，XPEV的现金流将为正：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/268a9c3e5020079c07fc78fdf0bb2948\" tg-width=\"806\" tg-height=\"537\" width=\"100%\" height=\"auto\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> My cash flow figures are given in the table below. I expect negative cash flow from operations from 2021 to 2027 and a gradual increase from 2028 to 2030. In 2030, I assumed sales growth of 25%, Capex/sales of 4%, and FCF/Sales of 6%. Tesla’s FCF/Sales is currently equal to 8%. However, I used a free cash flow margin lower than that of Tesla because I expect many new entrants in the electric vehicle industry:</p><p><blockquote>我的现金流数据如下表所示。我预计2021年至2027年运营现金流为负，2028年至2030年将逐渐增加。2030年，我假设销售额增长25%，资本支出/销售额增长4%，自由现金流/销售额增长6%。特斯拉的自由现金流/销售额目前等于8%。然而，我使用了低于特斯拉的自由现金流利润率，因为我预计电动汽车行业会有许多新进入者：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4e70c302478a243eabc9687737d71948\" tg-width=\"1280\" tg-height=\"398\" width=\"100%\" height=\"auto\"><span>Source: My Figures Based On Tesla’s Figures</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：我的数据基于特斯拉的数据</span></p></blockquote></p><p> I assumed a&nbsp;WACC of 7.26%, which is pretty much close to that of other vehicle manufacturers in China. I am not becoming very conservative or very optimistic. I am using what the market thinks about the XPEV’s risks:</p><p><blockquote>我假设WACC为7.26%，与中国其他汽车制造商的WACC非常接近。我没有变得非常保守或非常乐观。我使用的是市场对XPEV风险的看法：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3ea2f16d5b605e6c3a231c197b1e9a8\" tg-width=\"494\" tg-height=\"362\" width=\"100%\" height=\"auto\"><span>Source: XPeng WACC % | XPEV - GuruFocus.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：小鹏汽车WACC%|XPEV-GuruFocus.com</span></p></blockquote></p><p> With a 2031 FCF of CNY18 billion, an exit multiple of 67x, net debt close to -CNY27 billion, and a share count of 796 million, the implied share price is equal to CNY796. If we use dollars, the fair value is close to $114. Traders are currently buying shares at a deep discount, at $39. For some reason, given the most recent price dynamics, I would say that investors are accumulating shares at $36-40:</p><p><blockquote>2031年自由现金流为180亿元人民币，退出倍数为67倍，净债务接近-270亿元人民币，股数为7.96亿股，隐含股价等于796元人民币。如果我们使用美元，公允价值接近114美元。交易员目前以39美元的大幅折扣购买股票。出于某种原因，考虑到最近的价格动态，我想说投资者正在以36-40美元的价格积累股票：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5237646731308cc5239ea12ad336e3e3\" tg-width=\"1280\" tg-height=\"354\" width=\"100%\" height=\"auto\"><span>Source: My Figures Based On Tesla’s Figures</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：我的数据基于特斯拉的数据</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/60a625f99f6ab5e57589f74eee5d0738\" tg-width=\"1088\" tg-height=\"297\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法</span></p></blockquote></p><p> <b>Optimistic Case Scenario</b></p><p><blockquote><b>乐观情况</b></blockquote></p><p> Under my optimistic case scenario, XPEV would expand significantly its presence in physical stores in cities, so the company’s EVs will find demand. Besides, the company would increase its marketing efforts, and the network of XPeng-branded supercharging stations would substantially expand.</p><p><blockquote>在我乐观的情况下，XPEV将大幅扩大其在城市实体店的业务，因此该公司的电动汽车将会找到需求。此外，公司将加大营销力度，小鹏品牌超级充电站网络将大幅扩张。</blockquote></p><p> Besides, under this case scenario, the company will be able to sell outside China. In 2020, the company delivered the first batch of the G3 in Norway. If XPEV can sell all over Europe, I believe that sales growth will remain high:</p><p><blockquote>此外，在这种情况下，该公司将能够在中国境外销售。2020年，该公司在挪威交付了首批G3。如果XPEV能卖遍欧洲，相信销量增长还会保持高位：</blockquote></p><p></p><p>   We plan to continue to expand into other international markets, starting with certain European markets. We aim to build and enhance our overseas sales and services capability, and to adapt the user interfaces of our software systems to optimize our products and services for consumers in overseas markets. Source:Prospectus  With these new assumptions, I believe that the company’s sales growth would be close to 30-28% from 2026 to 2030. I also assumed CFO/Sales of 5%-11% from 2028 to 2030 and FCF/Sales of 8%-7%:</p><p><blockquote>我们计划继续扩展到其他国际市场，首先是某些欧洲市场。我们旨在建立及提升我们的海外销售及服务能力，并调整我们软件系统的用户界面，以优化我们为海外市场消费者提供的产品及服务。资料来源：招股书有了这些新的假设，我相信公司2026年至2030年的销售额增长将接近30-28%。我还假设2028年至2030年CFO/销售额为5%-11%，FCF/销售额为8%-7%：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7c9943f75ddd7cff700777aa946436fa\" tg-width=\"1280\" tg-height=\"271\" width=\"100%\" height=\"auto\"><span>Source: My Figures Based On Tesla’s Figures</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：我的数据基于特斯拉的数据</span></p></blockquote></p><p> Under this case scenario, the company’s sales growth is larger than that in the base case scenario. Both the free cash flow margin and the CFO margin are also more significant. Hence, I used an exit multiple of 87x, which is larger than that in the base case scenario.</p><p><blockquote>在该案例情景下，公司的销售额增长幅度大于基准案例情景下的销售额增长幅度。自由现金流利润率和首席财务官利润率也更为重要。因此，我使用了87倍的退出倍数，这比基本情况下的要大。</blockquote></p><p> I used a WACC of 6.7% because I am expecting a significant decrease in the company’s volatility, which may diminish the company’s beta. In my view, more sales growth and better margins will most likely increase the demand for the stock and decrease volatility. Putting everything together, I obtained a share price of $157.</p><p><blockquote>我使用6.7%的WACC，因为我预计公司的波动性将显着下降，这可能会降低公司的贝塔值。在我看来，更多的销售增长和更好的利润率很可能会增加对股票的需求并降低波动性。把所有的东西放在一起，我得到了157美元的股价。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/72ffa20f2e1a2f66bbad67c59ef709f7\" tg-width=\"1280\" tg-height=\"352\" width=\"100%\" height=\"auto\"><span>Source: My Figures Based On Tesla’s Figures</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：我的数据基于特斯拉的数据</span></p></blockquote></p><p> <b>R&amp;D Activities May Not Be Successful</b></p><p><blockquote><b>研发活动未必成功</b></blockquote></p><p> In my opinion, XPEV’s main strategy comes from investments in research and development. The company’s innovations in autonomous driving, powertrain, and E/E architecture will most likely define the company’s future success. With that, if the company’s R&amp;D efforts fail against that of competitors, the company’s reputation may be damaged. As a result, I would be expecting a decline in the revenue line. In this case scenario, the expectations for free cash flow will decline, which may lead to a reduction in the company’s valuation.</p><p><blockquote>在我看来，XPEV的主要战略来自于对研发的投资。该公司在自动驾驶、动力总成和E/E架构方面的创新将很可能决定该公司未来的成功。因此，如果公司的研发努力未能与竞争对手相比，公司的声誉可能会受到损害。因此，我预计收入会下降。在这种情况下，对自由现金流的预期会下降，这可能会导致公司估值下降。</blockquote></p><p> <b>Autonomous Driving Technologies And Accidents</b></p><p><blockquote><b>自动驾驶技术和事故</b></blockquote></p><p> XPEV will most likely suffer, like Tesla, from accidents associated with autonomous driving systems. These events may negatively affect public perception, and will most likely trigger government scrutiny and further regulation. Regulations in China, Europe, or the United States could damage the company’s revenue line or diminish XPEV’s free cash flow margins. But that’s not all. XPEV may also cancel the orders already placed by the customers, which will most likely lead to a decrease in the free cash flow expectations. As a result, the company’s fair value could decline.</p><p><blockquote>XPEV很可能会像特斯拉一样遭受与自动驾驶系统相关的事故。这些事件可能会对公众认知产生负面影响，并很可能引发政府审查和进一步监管。中国、欧洲或美国的法规可能会损害公司的收入线或降低XPEV的自由现金流利润率。但这还不是全部。XPEV还可能取消客户已经下的订单，这很可能会导致自由现金流预期下降。因此，公司的公允价值可能会下降。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> XPEV is investing a significant amount of dollars in research and development to offer its new XPILOT technologies and E/E architecture. The company also has a significant amount of cash to finance marketing efforts in China and outside China. I believe that the company’s financial figures will be close to that of Tesla. With this in mind, I designed a DCF model including FCF/Sales of 8-7% and sales growth of 30-28% from 2026 to 2030. The implied stock price is equal to $114-157, which stands above the company’s current stock price.</p><p><blockquote>XPEV正在投入大量资金进行研发，以提供新的XPILOT技术和E/E架构。该公司还拥有大量现金来资助中国和中国以外的营销工作。我相信该公司的财务数字将接近特斯拉。考虑到这一点，我设计了一个DCF模型，包括2026年至2030年FCF/销售额增长8-7%，销售额增长30-28%。隐含股价等于114-157美元，高于公司当前股价。</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>Significant Upside Potential In XPeng's Valuation<blockquote>小鹏汽车估值上涨潜力巨大</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\">\nSignificant Upside Potential In XPeng's Valuation<blockquote>小鹏汽车估值上涨潜力巨大</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-09-10 11:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Founded in 2014, XPeng is a Chinese electric vehicle manufacturer. The company has two models, the G3, which is a sport utility vehicle, and a smart sedan called P7.</li>  <li>The company’s cars come with XPILOT 2.5, but will soon incorporate XPILOT 3.5 and XPILOT 4.0. The new technology will include many more perception sensors including radars and high-resolution cameras.</li>  <li>XPEV will most likely deliver sales growth of close to 30%-25% in the next nine years. Notice that my numbers are not far from the sales growth delivered by Tesla.</li>  <li>I designed a DCF model including FCF/Sales of 8%-7% and sales growth of 30%-28% from 2026 to 2030. The implied stock price is equal to $114-$157.</li>  <li>I used a WACC of 6.7% because I am expecting a significant decrease in the company’s volatility, which may diminish the company’s beta. In my view, more sales growth and better margins will most likely increase the demand for the stock and decrease volatility.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45f094bec5a7e731c30721c91e342c6b\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>SimonSkafar/E+ via Getty Images</span></p><p><blockquote><ul><li>小鹏汽车成立于2014年，是一家中国电动汽车制造商。该公司有两款车型，一款是运动型多用途车G3，另一款是名为P7的智能轿车。</li><li>该公司的汽车配备了XPILOT 2.5，但很快将纳入XPILOT 3.5和XPILOT 4.0。这项新技术将包括更多的感知传感器，包括雷达和高分辨率摄像头。</li><li>XPEV很可能在未来九年内实现近30%-25%的销售增长。请注意，我的数据与特斯拉的销售增长相差不远。</li><li>我设计了一个DCF模型，包括2026-2030年FCF/销售额8%-7%，销售额增长30%-28%。隐含股价等于114-157美元。</li><li>我使用6.7%的WACC，因为我预计公司的波动性将显着下降，这可能会降低公司的贝塔值。在我看来，更多的销售增长和更好的利润率很可能会增加对股票的需求并降低波动性。</li></ul><p class=\"t-img-caption\"><span>SimonSkafar/E+来自Getty Images</span></p></blockquote></p><p> With billions invested in new XPILOT technologies, XPeng (XPEV) could surprise drivers when the management delivers the new technology. The company also has a significant amount of cash to invest in marketing in China and internationally. With this in mind and assuming that XPEV will look like Tesla (TSLA) in the future, I designed a DCF model. I used FCF/Sales of 8-7% and sales growth of 30-28% from 2026 to 2030. The company’s implied valuation is close to $114-157. There is significant upside potential in the company’s valuation.</p><p><blockquote>随着数十亿美元投资于新的XPILOT技术，当管理层推出新技术时，小鹏汽车(XPEV)可能会给驾驶员带来惊喜。该公司还拥有大量现金用于投资中国和国际营销。考虑到这一点，并假设XPEV在未来看起来会像特斯拉(TSLA)，我设计了一个DCF模型。从2026年到2030年，我使用的FCF/销售额为8-7%，销售额增长率为30-28%。该公司的隐含估值接近114-157美元。公司估值有很大的上行潜力。</blockquote></p><p> <b>Business: New XPILOT Technologies And International Expansion</b></p><p><blockquote><b>业务：新XPILOT技术和国际扩张</b></blockquote></p><p> Founded in 2014, XPeng is a Chinese electric vehicle manufacturer. The company has two models, the G3, which is a sport utility vehicle, and a smart sedan called&nbsp;P7:</p><p><blockquote>小鹏汽车成立于2014年，是一家中国电动汽车制造商。该公司有两款车型：运动型多用途车G3和名为P 7的智能轿车：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/acabdc3dd5b0d0c462eba459a9e1e1bb\" tg-width=\"1238\" tg-height=\"828\" width=\"100%\" height=\"auto\"><span>Source: Company’s Website</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司网站</span></p></blockquote></p><p> The company’s cars come with XPILOT 2.5, but will soon incorporate&nbsp;XPILOT 3.5&nbsp;and XPILOT 4.0. The new technology will include many more perception sensors including radars and high-resolution cameras. In my opinion, when investors learn about the new technologies that XPEV is about to release, the demand for the stock will increase:</p><p><blockquote>该公司的汽车配备了XPILOT 2.5，但很快将纳入XPILOT 3.5和XPILOT 4.0。这项新技术将包括更多的感知传感器，包括雷达和高分辨率摄像头。在我看来，当投资者了解到XPEV即将发布的新技术时，对该股的需求将会增加：</blockquote></p><p>   The new architecture comprises 32 perception sensors (including 2 LiDAR units, 12 ultrasonic sensors, 5 millimeter-wave radars, and 13 high-resolution cameras) and 1 high-precision positioning unit (GNSS + IMU), integrated into 360° dual-perception fusion to provide sufficient redundancy across the perception sensors to handle challenging and complex road conditions. Source: YouTube  In my opinion, the other catalyst for the stock is the company’s international expansion. I don’t think investors are taking into account that close to 5% of XPEV’s net proceeds from recent sales of equity are being used for expanding the company’s presence in&nbsp;Europe&nbsp;and elsewhere. If you factor in the market opportunity outside China, XPEV’s future free cash flow explodes up:</p><p><blockquote>新架构包括32个感知传感器（包括2个激光雷达单元、12个超声波传感器、5个毫米波雷达和13个高分辨率摄像头）和1个高精度定位单元（GNSS+IMU），集成到360°双感知融合中，为感知传感器提供足够的冗余，以应对具有挑战性和复杂的路况。来源：YouTube在我看来，该股的另一个催化剂是该公司的国际扩张。我认为投资者没有考虑到XPEV最近出售股权的净收益中有近5%被用于扩大公司在欧洲和其他地方的业务。如果考虑到中国以外的市场机会，XPEV未来的自由现金流会爆炸式增长：</blockquote></p><p>   Approximately 5% (approximately HK$689.0 million) of the net proceeds is expected to be used for strategically building and expanding our presence in international markets, starting with certain European markets. Source:Prospectus  <b>Financial Situation: Significant Amount Of Cash</b></p><p><blockquote>所得款项净额约5%（约689.0百万港元）预期将用于策略性地建立及扩大我们于国际市场的业务，首先是若干欧洲市场。资料来源：招股章程<b>财务状况：大量现金</b></blockquote></p><p> In June 2021, XPEV reported $7 billion in total assets, including $4.3 billion in cash and short-term deposits, and liabilities worth $2 billion. With these financial figures, I believe that the company has the financial power to invest in research and developments as well as marketing efforts. The company has everything needed to enhance sales growth:</p><p><blockquote>2021年6月，XPEV报告总资产为70亿美元，其中现金和短期存款43亿美元，负债价值20亿美元。有了这些财务数据，我相信公司有财力投资于研发和营销工作。该公司拥有促进销售增长所需的一切：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e2abf76887014f48a87c9c7a7029035\" tg-width=\"1280\" tg-height=\"451\" width=\"100%\" height=\"auto\"><span>Source: 10-Q</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：10-Q</span></p></blockquote></p><p> As of June 30, 2021, XPEV reported $247 million in long-term borrowings. The company’s long-term borrowings don’t seem worrying. That’s not all. XPEV reports a significant amount of deferred revenue, which means that clients pay in advance to have the company’s products. It means two things. First, the company may not have to talk to bankers because clients finance the development of cars. Second, there is a significant demand for XPEV’s products:</p><p><blockquote>截至2021年6月30日，XPEV报告的长期借款为2.47亿美元。该公司的长期借款似乎并不令人担忧。这还不是全部。XPEV报告了大量递延收入，这意味着客户需要提前付款才能获得该公司的产品。这意味着两件事。首先，该公司可能不必与银行家交谈，因为客户为汽车的开发提供资金。其次，XPEV的产品需求巨大：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/397f5fd8052072ff7a3b46566ef81f21\" tg-width=\"710\" tg-height=\"545\" width=\"100%\" height=\"auto\"><span>Source: 10-Q</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：10-Q</span></p></blockquote></p><p> <b>Base Case Scenario</b></p><p><blockquote><b>基本情况</b></blockquote></p><p></p><p> In my view, if the company continues to offer innovative technologies, sales growth will remain elevated. In the base case scenario, I assumed that the company will introduce its XPILOT 3.5 and XPILOT 4.0 to support the next-generation autonomous driving hardware. Besides, I also assumed that the company will successfully redesign its powertrain and E/E architecture to offer cost efficiency, and compete with vehicles of NIO (NIO) or Tesla(NASDAQ:TSLA).</p><p><blockquote>在我看来，如果公司继续提供创新技术，销售增长将保持较高水平。在基本情况下，我假设该公司将推出XPILOT 3.5和XPILOT 4.0来支持下一代自动驾驶硬件。此外，我还假设该公司将成功重新设计其动力总成和E/E架构，以提供成本效率，并与蔚来（蔚来）或特斯拉（纳斯达克：TSLA）的汽车竞争。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a8c3ebcbc58030fe748c5eada31f3b2c\" tg-width=\"1153\" tg-height=\"763\" width=\"100%\" height=\"auto\"><span>Source: XPILOT - YouTube</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：Xpilot-YouTube</span></p></blockquote></p><p> I would also expect XPEV to increase the monetization of software and content offerings like the company has done in monetizing its XPILOT tools. Besides, if the company successfully collaborates with third-party app developers, I would be expecting XPEV to find many more monetization models.</p><p><blockquote>我还希望XPEV能够增加软件和内容产品的货币化，就像该公司通过XPILOT工具货币化所做的那样。此外，如果该公司成功与第三方应用程序开发商合作，我预计XPEV会找到更多的盈利模式。</blockquote></p><p> In my view, with these assumptions, XPEV will be able to deliver sales growth of close to 30%-25% in the next nine years. Notice that my numbers are not far from the sales growth delivered by Tesla. The American company delivered more than 240% sales growth from 2012 to 2014, and then around 29-33% from 2016 to 2021:</p><p><blockquote>在我看来，根据这些假设，XPEV将能够在未来九年内实现接近30%-25%的销量增长。请注意，我的数据与特斯拉的销售增长相差不远。这家美国公司从2012年到2014年的销售额增长了240%以上，然后从2016年到2021年增长了29-33%左右：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4b1c352dfb330231a94c71f9fcdb2ff9\" tg-width=\"810\" tg-height=\"540\" width=\"100%\" height=\"auto\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> I also looked at the profitability of Tesla to understand when XPEV could start delivering cash flow from operations. Tesla took close to 14-16 years to offer positive and significant cash flow from operations. XPEV will most likely be faster because it may obtain certain strategic information from the vehicles of NIO and Tesla. With that, I will be assuming that after 14-16 years of the creation of the company, XPEV’s cash flow will be positive:</p><p><blockquote>我还研究了特斯拉的盈利能力，以了解XPEV何时可以开始提供运营现金流。特斯拉花了近14-16年的时间才从运营中提供了积极且可观的现金流。XPEV很可能会更快，因为它可能会从蔚来和特斯拉的车辆中获得某些战略信息。因此，我假设公司成立14-16年后，XPEV的现金流将为正：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/268a9c3e5020079c07fc78fdf0bb2948\" tg-width=\"806\" tg-height=\"537\" width=\"100%\" height=\"auto\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> My cash flow figures are given in the table below. I expect negative cash flow from operations from 2021 to 2027 and a gradual increase from 2028 to 2030. In 2030, I assumed sales growth of 25%, Capex/sales of 4%, and FCF/Sales of 6%. Tesla’s FCF/Sales is currently equal to 8%. However, I used a free cash flow margin lower than that of Tesla because I expect many new entrants in the electric vehicle industry:</p><p><blockquote>我的现金流数据如下表所示。我预计2021年至2027年运营现金流为负，2028年至2030年将逐渐增加。2030年，我假设销售额增长25%，资本支出/销售额增长4%，自由现金流/销售额增长6%。特斯拉的自由现金流/销售额目前等于8%。然而，我使用了低于特斯拉的自由现金流利润率，因为我预计电动汽车行业会有许多新进入者：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4e70c302478a243eabc9687737d71948\" tg-width=\"1280\" tg-height=\"398\" width=\"100%\" height=\"auto\"><span>Source: My Figures Based On Tesla’s Figures</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：我的数据基于特斯拉的数据</span></p></blockquote></p><p> I assumed a&nbsp;WACC of 7.26%, which is pretty much close to that of other vehicle manufacturers in China. I am not becoming very conservative or very optimistic. I am using what the market thinks about the XPEV’s risks:</p><p><blockquote>我假设WACC为7.26%，与中国其他汽车制造商的WACC非常接近。我没有变得非常保守或非常乐观。我使用的是市场对XPEV风险的看法：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3ea2f16d5b605e6c3a231c197b1e9a8\" tg-width=\"494\" tg-height=\"362\" width=\"100%\" height=\"auto\"><span>Source: XPeng WACC % | XPEV - GuruFocus.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：小鹏汽车WACC%|XPEV-GuruFocus.com</span></p></blockquote></p><p> With a 2031 FCF of CNY18 billion, an exit multiple of 67x, net debt close to -CNY27 billion, and a share count of 796 million, the implied share price is equal to CNY796. If we use dollars, the fair value is close to $114. Traders are currently buying shares at a deep discount, at $39. For some reason, given the most recent price dynamics, I would say that investors are accumulating shares at $36-40:</p><p><blockquote>2031年自由现金流为180亿元人民币，退出倍数为67倍，净债务接近-270亿元人民币，股数为7.96亿股，隐含股价等于796元人民币。如果我们使用美元，公允价值接近114美元。交易员目前以39美元的大幅折扣购买股票。出于某种原因，考虑到最近的价格动态，我想说投资者正在以36-40美元的价格积累股票：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5237646731308cc5239ea12ad336e3e3\" tg-width=\"1280\" tg-height=\"354\" width=\"100%\" height=\"auto\"><span>Source: My Figures Based On Tesla’s Figures</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：我的数据基于特斯拉的数据</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/60a625f99f6ab5e57589f74eee5d0738\" tg-width=\"1088\" tg-height=\"297\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法</span></p></blockquote></p><p> <b>Optimistic Case Scenario</b></p><p><blockquote><b>乐观情况</b></blockquote></p><p> Under my optimistic case scenario, XPEV would expand significantly its presence in physical stores in cities, so the company’s EVs will find demand. Besides, the company would increase its marketing efforts, and the network of XPeng-branded supercharging stations would substantially expand.</p><p><blockquote>在我乐观的情况下，XPEV将大幅扩大其在城市实体店的业务，因此该公司的电动汽车将会找到需求。此外，公司将加大营销力度，小鹏品牌超级充电站网络将大幅扩张。</blockquote></p><p> Besides, under this case scenario, the company will be able to sell outside China. In 2020, the company delivered the first batch of the G3 in Norway. If XPEV can sell all over Europe, I believe that sales growth will remain high:</p><p><blockquote>此外，在这种情况下，该公司将能够在中国境外销售。2020年，该公司在挪威交付了首批G3。如果XPEV能卖遍欧洲，相信销量增长还会保持高位：</blockquote></p><p></p><p>   We plan to continue to expand into other international markets, starting with certain European markets. We aim to build and enhance our overseas sales and services capability, and to adapt the user interfaces of our software systems to optimize our products and services for consumers in overseas markets. Source:Prospectus  With these new assumptions, I believe that the company’s sales growth would be close to 30-28% from 2026 to 2030. I also assumed CFO/Sales of 5%-11% from 2028 to 2030 and FCF/Sales of 8%-7%:</p><p><blockquote>我们计划继续扩展到其他国际市场，首先是某些欧洲市场。我们旨在建立及提升我们的海外销售及服务能力，并调整我们软件系统的用户界面，以优化我们为海外市场消费者提供的产品及服务。资料来源：招股书有了这些新的假设，我相信公司2026年至2030年的销售额增长将接近30-28%。我还假设2028年至2030年CFO/销售额为5%-11%，FCF/销售额为8%-7%：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7c9943f75ddd7cff700777aa946436fa\" tg-width=\"1280\" tg-height=\"271\" width=\"100%\" height=\"auto\"><span>Source: My Figures Based On Tesla’s Figures</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：我的数据基于特斯拉的数据</span></p></blockquote></p><p> Under this case scenario, the company’s sales growth is larger than that in the base case scenario. Both the free cash flow margin and the CFO margin are also more significant. Hence, I used an exit multiple of 87x, which is larger than that in the base case scenario.</p><p><blockquote>在该案例情景下，公司的销售额增长幅度大于基准案例情景下的销售额增长幅度。自由现金流利润率和首席财务官利润率也更为重要。因此，我使用了87倍的退出倍数，这比基本情况下的要大。</blockquote></p><p> I used a WACC of 6.7% because I am expecting a significant decrease in the company’s volatility, which may diminish the company’s beta. In my view, more sales growth and better margins will most likely increase the demand for the stock and decrease volatility. Putting everything together, I obtained a share price of $157.</p><p><blockquote>我使用6.7%的WACC，因为我预计公司的波动性将显着下降，这可能会降低公司的贝塔值。在我看来，更多的销售增长和更好的利润率很可能会增加对股票的需求并降低波动性。把所有的东西放在一起，我得到了157美元的股价。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/72ffa20f2e1a2f66bbad67c59ef709f7\" tg-width=\"1280\" tg-height=\"352\" width=\"100%\" height=\"auto\"><span>Source: My Figures Based On Tesla’s Figures</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：我的数据基于特斯拉的数据</span></p></blockquote></p><p> <b>R&amp;D Activities May Not Be Successful</b></p><p><blockquote><b>研发活动未必成功</b></blockquote></p><p> In my opinion, XPEV’s main strategy comes from investments in research and development. The company’s innovations in autonomous driving, powertrain, and E/E architecture will most likely define the company’s future success. With that, if the company’s R&amp;D efforts fail against that of competitors, the company’s reputation may be damaged. As a result, I would be expecting a decline in the revenue line. In this case scenario, the expectations for free cash flow will decline, which may lead to a reduction in the company’s valuation.</p><p><blockquote>在我看来，XPEV的主要战略来自于对研发的投资。该公司在自动驾驶、动力总成和E/E架构方面的创新将很可能决定该公司未来的成功。因此，如果公司的研发努力未能与竞争对手相比，公司的声誉可能会受到损害。因此，我预计收入会下降。在这种情况下，对自由现金流的预期会下降，这可能会导致公司估值下降。</blockquote></p><p> <b>Autonomous Driving Technologies And Accidents</b></p><p><blockquote><b>自动驾驶技术和事故</b></blockquote></p><p> XPEV will most likely suffer, like Tesla, from accidents associated with autonomous driving systems. These events may negatively affect public perception, and will most likely trigger government scrutiny and further regulation. Regulations in China, Europe, or the United States could damage the company’s revenue line or diminish XPEV’s free cash flow margins. But that’s not all. XPEV may also cancel the orders already placed by the customers, which will most likely lead to a decrease in the free cash flow expectations. As a result, the company’s fair value could decline.</p><p><blockquote>XPEV很可能会像特斯拉一样遭受与自动驾驶系统相关的事故。这些事件可能会对公众认知产生负面影响，并很可能引发政府审查和进一步监管。中国、欧洲或美国的法规可能会损害公司的收入线或降低XPEV的自由现金流利润率。但这还不是全部。XPEV还可能取消客户已经下的订单，这很可能会导致自由现金流预期下降。因此，公司的公允价值可能会下降。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> XPEV is investing a significant amount of dollars in research and development to offer its new XPILOT technologies and E/E architecture. The company also has a significant amount of cash to finance marketing efforts in China and outside China. I believe that the company’s financial figures will be close to that of Tesla. With this in mind, I designed a DCF model including FCF/Sales of 8-7% and sales growth of 30-28% from 2026 to 2030. The implied stock price is equal to $114-157, which stands above the company’s current stock price.</p><p><blockquote>XPEV正在投入大量资金进行研发，以提供新的XPILOT技术和E/E架构。该公司还拥有大量现金来资助中国和中国以外的营销工作。我相信该公司的财务数字将接近特斯拉。考虑到这一点，我设计了一个DCF模型，包括2026年至2030年FCF/销售额增长8-7%，销售额增长30-28%。隐含股价等于114-157美元，高于公司当前股价。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4454414-xpeng-stock-significant-upside-potential-in-its-valuation\">Seeking Alpha</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":{"09868":"小鹏汽车-W","XPEV":"小鹏汽车"},"source_url":"https://seekingalpha.com/article/4454414-xpeng-stock-significant-upside-potential-in-its-valuation","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109335825","content_text":"Summary\n\nFounded in 2014, XPeng is a Chinese electric vehicle manufacturer. The company has two models, the G3, which is a sport utility vehicle, and a smart sedan called P7.\nThe company’s cars come with XPILOT 2.5, but will soon incorporate XPILOT 3.5 and XPILOT 4.0. The new technology will include many more perception sensors including radars and high-resolution cameras.\nXPEV will most likely deliver sales growth of close to 30%-25% in the next nine years. Notice that my numbers are not far from the sales growth delivered by Tesla.\nI designed a DCF model including FCF/Sales of 8%-7% and sales growth of 30%-28% from 2026 to 2030. The implied stock price is equal to $114-$157.\nI used a WACC of 6.7% because I am expecting a significant decrease in the company’s volatility, which may diminish the company’s beta. In my view, more sales growth and better margins will most likely increase the demand for the stock and decrease volatility.\n\nSimonSkafar/E+ via Getty Images\nWith billions invested in new XPILOT technologies, XPeng (XPEV) could surprise drivers when the management delivers the new technology. The company also has a significant amount of cash to invest in marketing in China and internationally. With this in mind and assuming that XPEV will look like Tesla (TSLA) in the future, I designed a DCF model. I used FCF/Sales of 8-7% and sales growth of 30-28% from 2026 to 2030. The company’s implied valuation is close to $114-157. There is significant upside potential in the company’s valuation.\nBusiness: New XPILOT Technologies And International Expansion\nFounded in 2014, XPeng is a Chinese electric vehicle manufacturer. The company has two models, the G3, which is a sport utility vehicle, and a smart sedan called P7:\nSource: Company’s Website\nThe company’s cars come with XPILOT 2.5, but will soon incorporate XPILOT 3.5 and XPILOT 4.0. The new technology will include many more perception sensors including radars and high-resolution cameras. In my opinion, when investors learn about the new technologies that XPEV is about to release, the demand for the stock will increase:\n\n The new architecture comprises 32 perception sensors (including 2 LiDAR units, 12 ultrasonic sensors, 5 millimeter-wave radars, and 13 high-resolution cameras) and 1 high-precision positioning unit (GNSS + IMU), integrated into 360° dual-perception fusion to provide sufficient redundancy across the perception sensors to handle challenging and complex road conditions. Source: YouTube\n\nIn my opinion, the other catalyst for the stock is the company’s international expansion. I don’t think investors are taking into account that close to 5% of XPEV’s net proceeds from recent sales of equity are being used for expanding the company’s presence in Europe and elsewhere. If you factor in the market opportunity outside China, XPEV’s future free cash flow explodes up:\n\n Approximately 5% (approximately HK$689.0 million) of the net proceeds is expected to be used for strategically building and expanding our presence in international markets, starting with certain European markets. Source:Prospectus\n\nFinancial Situation: Significant Amount Of Cash\nIn June 2021, XPEV reported $7 billion in total assets, including $4.3 billion in cash and short-term deposits, and liabilities worth $2 billion. With these financial figures, I believe that the company has the financial power to invest in research and developments as well as marketing efforts. The company has everything needed to enhance sales growth:\nSource: 10-Q\nAs of June 30, 2021, XPEV reported $247 million in long-term borrowings. The company’s long-term borrowings don’t seem worrying. That’s not all. XPEV reports a significant amount of deferred revenue, which means that clients pay in advance to have the company’s products. It means two things. First, the company may not have to talk to bankers because clients finance the development of cars. Second, there is a significant demand for XPEV’s products:\nSource: 10-Q\nBase Case Scenario\nIn my view, if the company continues to offer innovative technologies, sales growth will remain elevated. In the base case scenario, I assumed that the company will introduce its XPILOT 3.5 and XPILOT 4.0 to support the next-generation autonomous driving hardware. Besides, I also assumed that the company will successfully redesign its powertrain and E/E architecture to offer cost efficiency, and compete with vehicles of NIO (NIO) or Tesla(NASDAQ:TSLA).\nSource: XPILOT - YouTube\nI would also expect XPEV to increase the monetization of software and content offerings like the company has done in monetizing its XPILOT tools. Besides, if the company successfully collaborates with third-party app developers, I would be expecting XPEV to find many more monetization models.\nIn my view, with these assumptions, XPEV will be able to deliver sales growth of close to 30%-25% in the next nine years. Notice that my numbers are not far from the sales growth delivered by Tesla. The American company delivered more than 240% sales growth from 2012 to 2014, and then around 29-33% from 2016 to 2021:\nSource: YCharts\nI also looked at the profitability of Tesla to understand when XPEV could start delivering cash flow from operations. Tesla took close to 14-16 years to offer positive and significant cash flow from operations. XPEV will most likely be faster because it may obtain certain strategic information from the vehicles of NIO and Tesla. With that, I will be assuming that after 14-16 years of the creation of the company, XPEV’s cash flow will be positive:\nSource: YCharts\nMy cash flow figures are given in the table below. I expect negative cash flow from operations from 2021 to 2027 and a gradual increase from 2028 to 2030. In 2030, I assumed sales growth of 25%, Capex/sales of 4%, and FCF/Sales of 6%. Tesla’s FCF/Sales is currently equal to 8%. However, I used a free cash flow margin lower than that of Tesla because I expect many new entrants in the electric vehicle industry:\nSource: My Figures Based On Tesla’s Figures\nI assumed a WACC of 7.26%, which is pretty much close to that of other vehicle manufacturers in China. I am not becoming very conservative or very optimistic. I am using what the market thinks about the XPEV’s risks:\nSource: XPeng WACC % | XPEV - GuruFocus.com\nWith a 2031 FCF of CNY18 billion, an exit multiple of 67x, net debt close to -CNY27 billion, and a share count of 796 million, the implied share price is equal to CNY796. If we use dollars, the fair value is close to $114. Traders are currently buying shares at a deep discount, at $39. For some reason, given the most recent price dynamics, I would say that investors are accumulating shares at $36-40:\nSource: My Figures Based On Tesla’s Figures\nSource: Seeking Alpha\nOptimistic Case Scenario\nUnder my optimistic case scenario, XPEV would expand significantly its presence in physical stores in cities, so the company’s EVs will find demand. Besides, the company would increase its marketing efforts, and the network of XPeng-branded supercharging stations would substantially expand.\nBesides, under this case scenario, the company will be able to sell outside China. In 2020, the company delivered the first batch of the G3 in Norway. If XPEV can sell all over Europe, I believe that sales growth will remain high:\n\n We plan to continue to expand into other international markets, starting with certain European markets. We aim to build and enhance our overseas sales and services capability, and to adapt the user interfaces of our software systems to optimize our products and services for consumers in overseas markets. Source:Prospectus\n\nWith these new assumptions, I believe that the company’s sales growth would be close to 30-28% from 2026 to 2030. I also assumed CFO/Sales of 5%-11% from 2028 to 2030 and FCF/Sales of 8%-7%:\nSource: My Figures Based On Tesla’s Figures\nUnder this case scenario, the company’s sales growth is larger than that in the base case scenario. Both the free cash flow margin and the CFO margin are also more significant. Hence, I used an exit multiple of 87x, which is larger than that in the base case scenario.\nI used a WACC of 6.7% because I am expecting a significant decrease in the company’s volatility, which may diminish the company’s beta. In my view, more sales growth and better margins will most likely increase the demand for the stock and decrease volatility. Putting everything together, I obtained a share price of $157.\nSource: My Figures Based On Tesla’s Figures\nR&D Activities May Not Be Successful\nIn my opinion, XPEV’s main strategy comes from investments in research and development. The company’s innovations in autonomous driving, powertrain, and E/E architecture will most likely define the company’s future success. With that, if the company’s R&D efforts fail against that of competitors, the company’s reputation may be damaged. As a result, I would be expecting a decline in the revenue line. In this case scenario, the expectations for free cash flow will decline, which may lead to a reduction in the company’s valuation.\nAutonomous Driving Technologies And Accidents\nXPEV will most likely suffer, like Tesla, from accidents associated with autonomous driving systems. These events may negatively affect public perception, and will most likely trigger government scrutiny and further regulation. Regulations in China, Europe, or the United States could damage the company’s revenue line or diminish XPEV’s free cash flow margins. But that’s not all. XPEV may also cancel the orders already placed by the customers, which will most likely lead to a decrease in the free cash flow expectations. As a result, the company’s fair value could decline.\nConclusion\nXPEV is investing a significant amount of dollars in research and development to offer its new XPILOT technologies and E/E architecture. The company also has a significant amount of cash to finance marketing efforts in China and outside China. I believe that the company’s financial figures will be close to that of Tesla. With this in mind, I designed a DCF model including FCF/Sales of 8-7% and sales growth of 30-28% from 2026 to 2030. The implied stock price is equal to $114-157, which stands above the company’s current stock price.","news_type":1,"symbols_score_info":{"09868":0.9,"XPEV":0.9}},"isVote":1,"tweetType":1,"viewCount":318,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897274060,"gmtCreate":1628932797250,"gmtModify":1631892259280,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575324916676606","idStr":"3575324916676606"},"themes":[],"htmlText":"To the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/897274060","repostId":"2159521376","repostType":4,"repost":{"id":"2159521376","kind":"highlight","pubTimestamp":1628906786,"share":"https://www.laohu8.com/m/news/2159521376?lang=zh_CN&edition=full","pubTime":"2021-08-14 10:06","market":"us","language":"en","title":"Chasing Tesla: Here are the current electric vehicle plans of every major car maker<blockquote>追逐特斯拉：以下是各大车厂目前的电动汽车计划</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2159521376","media":"MarketWatch","summary":"At President Joe Biden's urging, the auto industry pledged to boost production of electric vehicles ","content":"<p>At President Joe Biden's urging, the auto industry pledged to boost production of electric vehicles to the point that they account for about half of total U.S. sales by 2030, a plan that raises hopes that EVs can shift from niche to normal.</p><p><blockquote>在总统乔·拜登的敦促下，汽车行业承诺到2030年将电动汽车的产量提高到约占美国总销量的一半，这一计划让人们燃起了电动汽车从小众转向主流的希望。</blockquote></p><p> EVs accounted for 2.4% of U.S. cars sold in 2020, up from 0.7% five years ago, according to BloombergNEF. The research provider expects that share to increase to 11% in 2025; by 2030, it expects that slightly over a third of vehicles sold in the U.S. will be electric.</p><p><blockquote>根据彭博新能源财经的数据，2020年电动汽车占美国汽车销量的2.4%，高于五年前的0.7%。该研究提供商预计，到2025年，这一份额将增至11%；预计到2030年，美国销售的汽车中有三分之一以上将是电动汽车。</blockquote></p><p> Several auto makers had already announced bigger EV ambitions even before the White House call.</p><p><blockquote>甚至在白宫看涨期权之前，几家汽车制造商就已经宣布了更大的电动汽车雄心。</blockquote></p><p> Here are each major car maker's stated plans for EVs, including, when available, investment amounts and the range of models they hope to bring to market.</p><p><blockquote>以下是各主要汽车制造商对电动汽车的既定计划，包括（如果有）投资金额以及他们希望推向市场的车型范围。</blockquote></p><p> This information was collated from company sites, previous reports, and BloombergNEF projections, and will be updated regularly.</p><p><blockquote>这些信息是根据公司网站、之前的报告和彭博新能源财经的预测整理而成，并将定期更新。</blockquote></p><p> <b>Audi</b></p><p><blockquote><b>奥迪</b></blockquote></p><p> Audi, a brand known for its luxury cars and owned by Germany's Volkswagen AG , has promised to have battery-electric vehicles comprise 35% of its sales by 2025. By that time, Audi buyers will choose from about 20 EV models.</p><p><blockquote>德国大众汽车公司旗下以豪华汽车闻名的奥迪品牌承诺，到2025年，纯电动汽车将占其销量的35%。届时，奥迪买家将有约20款电动车型可供选择。</blockquote></p><p> <b>BMW</b></p><p><blockquote><b>宝马</b></blockquote></p><p> BMW AG , a luxury-car maker from Germany, was among the first EV innovators. It launched its i3 compact EV eight years ago, then as $one of the few serious competitors to Tesla Inc.'s vehicles.</p><p><blockquote>德国豪华汽车制造商宝马公司是最早的电动汽车创新者之一。八年前，该公司推出了i3紧凑型电动汽车，当时是特斯拉汽车为数不多的有力竞争对手之一。</blockquote></p><p> BMW's EV pipeline has slowed, but the auto maker has promised that 25% of its European sales will be all-electric and hybrid vehicles this year, and that all sales of its Mini brand will be battery electric by 2030. It expects to launch more than 10 battery EVs models in the next couple of years.</p><p><blockquote>宝马的电动汽车产品线已经放缓，但该汽车制造商承诺，今年其欧洲销量的25%将是全电动和混合动力汽车，到2030年，其Mini品牌的所有销量都将是纯电动汽车。预计未来几年将推出10多种电池电动汽车车型。</blockquote></p><p> <b>Daimler/Mercedes-Benz</b></p><p><blockquote><b>戴姆勒/奔驰</b></blockquote></p><p> Mercedes-Benz, owned by Daimler AG , expects that between 15% and 25% of its sales will be comprised of EV sales by 2025; by 2030, that percentage is expected to grow to 50%. Mercedes-Benz is slated to end 2021 offering three new electric passenger car models and more to come in 2022.</p><p><blockquote>戴姆勒股份公司旗下的梅赛德斯-奔驰预计，到2025年，其销量的15%至25%将来自电动汽车销量；到2030年，这一比例预计将增长至50%。梅赛德斯-奔驰计划在2021年底推出三款新的电动乘用车车型，并在2022年推出更多车型。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ec4b2abd59e5b19c9eec0034342af25e\" tg-width=\"700\" tg-height=\"413\" width=\"100%\" height=\"auto\"><span>SOURCE: MERCEDES</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：梅赛德斯</span></p></blockquote></p><p> <b>Ford</b></p><p><blockquote><b>福特</b></blockquote></p><p> Ford Motor Co. <a href=\"https://laohu8.com/S/F\">$(F)$</a> has said that 40% of its global sales by 2030 will be sales of EVs . Ford is aiming to have dozens of electrified models by 2022, the year that will also mark the debut of its much-awaited all-electric F-150 Lightning pickup truck.</p><p><blockquote>福特汽车公司。<a href=\"https://laohu8.com/S/F\">$(F)$</a>曾表示，到2030年，其全球销量的40%将是电动汽车。福特的目标是到2022年推出数十款电动车型，这一年也将标志着其备受期待的全电动F-150 Lightning皮卡的首次亮相。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3a44fec36dac046911679a2ba769cb2b\" tg-width=\"700\" tg-height=\"450\" width=\"100%\" height=\"auto\"><span>The Ford F-150 Lightning o JEFF KOWALSKY/AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p><p><blockquote><p class=\"t-img-caption\"><span>福特F-150 Lightning作者：杰夫·科瓦尔斯基/法新社/盖蒂图片社</span></p></blockquote></p><p> Ford has called the Lightning the \"pillar\" of its more than $22 billion bet on EVs, which includes EV models for other best-selling vehicles such as the Mustang and its Transit van.</p><p><blockquote>福特称Lightning是其超过220亿美元电动汽车押注的“支柱”，其中包括野马及其全顺货车等其他畅销汽车的电动汽车车型。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87df52ddef1af1d1342d685897e83652\" tg-width=\"700\" tg-height=\"392\" width=\"100%\" height=\"auto\"><span>SOURCE: FORD</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：福特</span></p></blockquote></p><p> <b>GM</b></p><p><blockquote><b>GM</b></blockquote></p><p> General Motors Co. <a href=\"https://laohu8.com/S/GM\">$(GM)$</a> surprised Wall Street in January by saying it aims to phase out all of its internal combustion engine vehicles by 2035 and only sell zero-emission vehicles by then. The auto maker also promises to be carbon-neutral by 2040.</p><p><blockquote>通用汽车公司。<a href=\"https://laohu8.com/S/GM\">$(GM)$</a>一月份，该公司表示计划到2035年逐步淘汰所有内燃机汽车，届时只销售零排放汽车，令华尔街感到惊讶。该汽车制造商还承诺到2040年实现碳中和。</blockquote></p><p> GM has said that it will offer 30 all-electric models globally by mid-decade, and that 40% percent of the company's U.S. models will be battery electric vehicles by the end of 2025. Its Hummer electric is expected for next year, with production starting this fall.</p><p><blockquote>通用汽车表示，到本世纪中期，将在全球范围内提供30款全电动车型，到2025年底，该公司40%的美国车型将是纯电动汽车。其悍马电动车预计将于明年上市，并于今年秋季开始生产。</blockquote></p><p> <b>Honda</b></p><p><blockquote><b>本田</b></blockquote></p><p> The Japanese maker (7267.TO), which owns the namesake Honda brand and also the luxury-car brand Acura, is projected to derive 40% of its sales from EVs and fuel-cell electric cars by 2030. In April 2020, Honda and GM announced a partnership to develop Honda electric cars using GM's Ultium batteries.</p><p><blockquote>这家日本制造商(7267.TO)拥有同名本田品牌和豪华汽车品牌讴歌，预计到2030年其销售额的40%将来自电动汽车和燃料电池电动汽车。2020年4月，本田和通用汽车宣布合作开发使用通用汽车Ultium电池的本田电动汽车。</blockquote></p><p> <b>Hyundai</b></p><p><blockquote><b>现代</b></blockquote></p><p> The Korean car maker , which also owns Kia, is aiming to have 40% of its Kia and Hyundai brands sales to be of EVs and fuel-cell electric vehicles by 2025. Its Hyundai brand plans on more than 30 electric passenger vehicles by then.</p><p><blockquote>这家还拥有起亚的韩国汽车制造商的目标是到2025年，其起亚和现代品牌销量的40%来自电动汽车和燃料电池电动汽车。其现代品牌计划届时推出30多款电动乘用车。</blockquote></p><p> <b>Mazda</b></p><p><blockquote><b>马自达</b></blockquote></p><p> Mazda plans to offer 5% of its vehicles as battery electric by 2030, but EV sales targets as a percentage of total sales are unknown at the moment. Mazda does not offer EVs in the U.S., but sells a few EV and hybrid models elsewhere.</p><p><blockquote>马自达计划到2030年提供5%的汽车为纯电动汽车，但电动汽车销量占总销量的百分比目标目前尚不清楚。马自达不在美国提供电动汽车，但在其他地方销售一些电动汽车和混合动力车型。</blockquote></p><p> <b>Nissan</b></p><p><blockquote><b>日产</b></blockquote></p><p> Nissan Motor Co. Ltd. was among the first auto makers to offer an all-electric vehicle, and its the Nissan Leaf for years was one of the few options available for those without the deep pockets needed for a Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> Model S.</p><p><blockquote>日产汽车有限公司是最早提供全电动汽车的汽车制造商之一，多年来，对于那些没有足够财力购买特斯拉公司的人来说，日产聆风是为数不多的选择之一。<a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>S型。</blockquote></p><p></p><p> Nissan plans to offer 20 EV models in China by next year, and for the U.S. the company recently said it plans that more than 40% of its U.S. vehicle sales by 2030 will be fully electric.</p><p><blockquote>日产计划明年在中国推出20款电动汽车车型，而在美国，该公司最近表示，计划到2030年，其美国汽车销量的40%以上将是全电动汽车。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5cbdfabce43725b3d966cf5db5b820f6\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>The Nissan Leaf NISSAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>日产聆风日产</span></p></blockquote></p><p> <b>Porsche</b></p><p><blockquote><b>保时捷</b></blockquote></p><p> The car maker and almost synonym of sports cars is aiming to have half of its sales be of EV vehicles by 2025.</p><p><blockquote>这家汽车制造商几乎是跑车的代名词，其目标是到2025年让电动汽车占其销量的一半。</blockquote></p><p> <b>Stellantis</b></p><p><blockquote><b>Stellantis</b></blockquote></p><p> <a href=\"https://laohu8.com/S/STLA\">Stellantis NV</a> (STLA.MI), the global auto maker formed earlier this year through the merger of Fiat Chrysler Automobiles NV and France's PSA Group, said in July it was investing $35 billion in EVs and adjacent technologies through 2025.</p><p><blockquote><a href=\"https://laohu8.com/S/STLA\">斯特兰蒂斯公司</a>(STLA.MI)是今年早些时候由菲亚特克莱斯勒汽车公司(Fiat Chrysler Automobiles NV)和法国PSA集团合并而成的全球汽车制造商，该公司7月份表示，到2025年，将在电动汽车和相关技术上投资350亿美元。</blockquote></p><p> By that year, Stellantis is expected to derive 31% of its U.S. sales and 38% of its European sales from EVs, percentages that are seen growing to 35% of U.S. sales and 70% of European sales by 2030.</p><p><blockquote>到那一年，Stellantis预计其美国销售额的31%和欧洲销售额的38%将来自电动汽车，预计到2030年，这一比例将增长到美国销售额的35%和欧洲销售额的70%。</blockquote></p><p> <b>Subaru</b></p><p><blockquote><b>斯巴鲁</b></blockquote></p><p> The Japanese maker is expected to derive 40% of its sales from EVs and hybrid electric vehicles by 2030.</p><p><blockquote>预计到2030年，这家日本制造商40%的销售额将来自电动汽车和混合动力电动汽车。</blockquote></p><p> <b>Toyota</b></p><p><blockquote><b>丰田</b></blockquote></p><p> Some 70% of sales for the world's No. 1 car maker (7203.TO) are expected to come from EVs and fuel-cell electric vehicles by 2030. Toyota plans to offer 15 battery EV models by 2025. The car maker, of course, broke ground with its hybrid Toyota Prius two decades ago.</p><p><blockquote>预计到2030年，这家全球第一汽车制造商(7203.TO)约70%的销售额将来自电动汽车和燃料电池电动汽车。丰田计划到2025年提供15款纯电动汽车车型。当然，这家汽车制造商在二十年前就推出了混合动力丰田普锐斯。</blockquote></p><p> <b>Volkswagen</b></p><p><blockquote><b>大众汽车</b></blockquote></p><p> The car maker is expected to derive 70% of its European sales from EVs and 50% of its U.S. sales from EVs by 2030. Volkswagen has pledged to spend about $40 billion through 2025 on EVs.</p><p><blockquote>预计到2030年，该汽车制造商70%的欧洲销量来自电动汽车，50%的美国销量来自电动汽车。大众汽车承诺到2025年在电动汽车上花费约400亿美元。</blockquote></p><p></p>","source":"lsy1603348471595","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>Chasing Tesla: Here are the current electric vehicle plans of every major car maker<blockquote>追逐特斯拉：以下是各大车厂目前的电动汽车计划</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\">\nChasing Tesla: Here are the current electric vehicle plans of every major car maker<blockquote>追逐特斯拉：以下是各大车厂目前的电动汽车计划</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-14 10:06</span>\n</p>\n</h4>\n</header>\n<article>\n<p>At President Joe Biden's urging, the auto industry pledged to boost production of electric vehicles to the point that they account for about half of total U.S. sales by 2030, a plan that raises hopes that EVs can shift from niche to normal.</p><p><blockquote>在总统乔·拜登的敦促下，汽车行业承诺到2030年将电动汽车的产量提高到约占美国总销量的一半，这一计划让人们燃起了电动汽车从小众转向主流的希望。</blockquote></p><p> EVs accounted for 2.4% of U.S. cars sold in 2020, up from 0.7% five years ago, according to BloombergNEF. The research provider expects that share to increase to 11% in 2025; by 2030, it expects that slightly over a third of vehicles sold in the U.S. will be electric.</p><p><blockquote>根据彭博新能源财经的数据，2020年电动汽车占美国汽车销量的2.4%，高于五年前的0.7%。该研究提供商预计，到2025年，这一份额将增至11%；预计到2030年，美国销售的汽车中有三分之一以上将是电动汽车。</blockquote></p><p> Several auto makers had already announced bigger EV ambitions even before the White House call.</p><p><blockquote>甚至在白宫看涨期权之前，几家汽车制造商就已经宣布了更大的电动汽车雄心。</blockquote></p><p> Here are each major car maker's stated plans for EVs, including, when available, investment amounts and the range of models they hope to bring to market.</p><p><blockquote>以下是各主要汽车制造商对电动汽车的既定计划，包括（如果有）投资金额以及他们希望推向市场的车型范围。</blockquote></p><p> This information was collated from company sites, previous reports, and BloombergNEF projections, and will be updated regularly.</p><p><blockquote>这些信息是根据公司网站、之前的报告和彭博新能源财经的预测整理而成，并将定期更新。</blockquote></p><p> <b>Audi</b></p><p><blockquote><b>奥迪</b></blockquote></p><p> Audi, a brand known for its luxury cars and owned by Germany's Volkswagen AG , has promised to have battery-electric vehicles comprise 35% of its sales by 2025. By that time, Audi buyers will choose from about 20 EV models.</p><p><blockquote>德国大众汽车公司旗下以豪华汽车闻名的奥迪品牌承诺，到2025年，纯电动汽车将占其销量的35%。届时，奥迪买家将有约20款电动车型可供选择。</blockquote></p><p> <b>BMW</b></p><p><blockquote><b>宝马</b></blockquote></p><p> BMW AG , a luxury-car maker from Germany, was among the first EV innovators. It launched its i3 compact EV eight years ago, then as $one of the few serious competitors to Tesla Inc.'s vehicles.</p><p><blockquote>德国豪华汽车制造商宝马公司是最早的电动汽车创新者之一。八年前，该公司推出了i3紧凑型电动汽车，当时是特斯拉汽车为数不多的有力竞争对手之一。</blockquote></p><p> BMW's EV pipeline has slowed, but the auto maker has promised that 25% of its European sales will be all-electric and hybrid vehicles this year, and that all sales of its Mini brand will be battery electric by 2030. It expects to launch more than 10 battery EVs models in the next couple of years.</p><p><blockquote>宝马的电动汽车产品线已经放缓，但该汽车制造商承诺，今年其欧洲销量的25%将是全电动和混合动力汽车，到2030年，其Mini品牌的所有销量都将是纯电动汽车。预计未来几年将推出10多种电池电动汽车车型。</blockquote></p><p> <b>Daimler/Mercedes-Benz</b></p><p><blockquote><b>戴姆勒/奔驰</b></blockquote></p><p> Mercedes-Benz, owned by Daimler AG , expects that between 15% and 25% of its sales will be comprised of EV sales by 2025; by 2030, that percentage is expected to grow to 50%. Mercedes-Benz is slated to end 2021 offering three new electric passenger car models and more to come in 2022.</p><p><blockquote>戴姆勒股份公司旗下的梅赛德斯-奔驰预计，到2025年，其销量的15%至25%将来自电动汽车销量；到2030年，这一比例预计将增长至50%。梅赛德斯-奔驰计划在2021年底推出三款新的电动乘用车车型，并在2022年推出更多车型。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ec4b2abd59e5b19c9eec0034342af25e\" tg-width=\"700\" tg-height=\"413\" width=\"100%\" height=\"auto\"><span>SOURCE: MERCEDES</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：梅赛德斯</span></p></blockquote></p><p> <b>Ford</b></p><p><blockquote><b>福特</b></blockquote></p><p> Ford Motor Co. <a href=\"https://laohu8.com/S/F\">$(F)$</a> has said that 40% of its global sales by 2030 will be sales of EVs . Ford is aiming to have dozens of electrified models by 2022, the year that will also mark the debut of its much-awaited all-electric F-150 Lightning pickup truck.</p><p><blockquote>福特汽车公司。<a href=\"https://laohu8.com/S/F\">$(F)$</a>曾表示，到2030年，其全球销量的40%将是电动汽车。福特的目标是到2022年推出数十款电动车型，这一年也将标志着其备受期待的全电动F-150 Lightning皮卡的首次亮相。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3a44fec36dac046911679a2ba769cb2b\" tg-width=\"700\" tg-height=\"450\" width=\"100%\" height=\"auto\"><span>The Ford F-150 Lightning o JEFF KOWALSKY/AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p><p><blockquote><p class=\"t-img-caption\"><span>福特F-150 Lightning作者：杰夫·科瓦尔斯基/法新社/盖蒂图片社</span></p></blockquote></p><p> Ford has called the Lightning the \"pillar\" of its more than $22 billion bet on EVs, which includes EV models for other best-selling vehicles such as the Mustang and its Transit van.</p><p><blockquote>福特称Lightning是其超过220亿美元电动汽车押注的“支柱”，其中包括野马及其全顺货车等其他畅销汽车的电动汽车车型。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87df52ddef1af1d1342d685897e83652\" tg-width=\"700\" tg-height=\"392\" width=\"100%\" height=\"auto\"><span>SOURCE: FORD</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：福特</span></p></blockquote></p><p> <b>GM</b></p><p><blockquote><b>GM</b></blockquote></p><p> General Motors Co. <a href=\"https://laohu8.com/S/GM\">$(GM)$</a> surprised Wall Street in January by saying it aims to phase out all of its internal combustion engine vehicles by 2035 and only sell zero-emission vehicles by then. The auto maker also promises to be carbon-neutral by 2040.</p><p><blockquote>通用汽车公司。<a href=\"https://laohu8.com/S/GM\">$(GM)$</a>一月份，该公司表示计划到2035年逐步淘汰所有内燃机汽车，届时只销售零排放汽车，令华尔街感到惊讶。该汽车制造商还承诺到2040年实现碳中和。</blockquote></p><p> GM has said that it will offer 30 all-electric models globally by mid-decade, and that 40% percent of the company's U.S. models will be battery electric vehicles by the end of 2025. Its Hummer electric is expected for next year, with production starting this fall.</p><p><blockquote>通用汽车表示，到本世纪中期，将在全球范围内提供30款全电动车型，到2025年底，该公司40%的美国车型将是纯电动汽车。其悍马电动车预计将于明年上市，并于今年秋季开始生产。</blockquote></p><p> <b>Honda</b></p><p><blockquote><b>本田</b></blockquote></p><p> The Japanese maker (7267.TO), which owns the namesake Honda brand and also the luxury-car brand Acura, is projected to derive 40% of its sales from EVs and fuel-cell electric cars by 2030. In April 2020, Honda and GM announced a partnership to develop Honda electric cars using GM's Ultium batteries.</p><p><blockquote>这家日本制造商(7267.TO)拥有同名本田品牌和豪华汽车品牌讴歌，预计到2030年其销售额的40%将来自电动汽车和燃料电池电动汽车。2020年4月，本田和通用汽车宣布合作开发使用通用汽车Ultium电池的本田电动汽车。</blockquote></p><p> <b>Hyundai</b></p><p><blockquote><b>现代</b></blockquote></p><p> The Korean car maker , which also owns Kia, is aiming to have 40% of its Kia and Hyundai brands sales to be of EVs and fuel-cell electric vehicles by 2025. Its Hyundai brand plans on more than 30 electric passenger vehicles by then.</p><p><blockquote>这家还拥有起亚的韩国汽车制造商的目标是到2025年，其起亚和现代品牌销量的40%来自电动汽车和燃料电池电动汽车。其现代品牌计划届时推出30多款电动乘用车。</blockquote></p><p> <b>Mazda</b></p><p><blockquote><b>马自达</b></blockquote></p><p> Mazda plans to offer 5% of its vehicles as battery electric by 2030, but EV sales targets as a percentage of total sales are unknown at the moment. Mazda does not offer EVs in the U.S., but sells a few EV and hybrid models elsewhere.</p><p><blockquote>马自达计划到2030年提供5%的汽车为纯电动汽车，但电动汽车销量占总销量的百分比目标目前尚不清楚。马自达不在美国提供电动汽车，但在其他地方销售一些电动汽车和混合动力车型。</blockquote></p><p> <b>Nissan</b></p><p><blockquote><b>日产</b></blockquote></p><p> Nissan Motor Co. Ltd. was among the first auto makers to offer an all-electric vehicle, and its the Nissan Leaf for years was one of the few options available for those without the deep pockets needed for a Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> Model S.</p><p><blockquote>日产汽车有限公司是最早提供全电动汽车的汽车制造商之一，多年来，对于那些没有足够财力购买特斯拉公司的人来说，日产聆风是为数不多的选择之一。<a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>S型。</blockquote></p><p></p><p> Nissan plans to offer 20 EV models in China by next year, and for the U.S. the company recently said it plans that more than 40% of its U.S. vehicle sales by 2030 will be fully electric.</p><p><blockquote>日产计划明年在中国推出20款电动汽车车型，而在美国，该公司最近表示，计划到2030年，其美国汽车销量的40%以上将是全电动汽车。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5cbdfabce43725b3d966cf5db5b820f6\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>The Nissan Leaf NISSAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>日产聆风日产</span></p></blockquote></p><p> <b>Porsche</b></p><p><blockquote><b>保时捷</b></blockquote></p><p> The car maker and almost synonym of sports cars is aiming to have half of its sales be of EV vehicles by 2025.</p><p><blockquote>这家汽车制造商几乎是跑车的代名词，其目标是到2025年让电动汽车占其销量的一半。</blockquote></p><p> <b>Stellantis</b></p><p><blockquote><b>Stellantis</b></blockquote></p><p> <a href=\"https://laohu8.com/S/STLA\">Stellantis NV</a> (STLA.MI), the global auto maker formed earlier this year through the merger of Fiat Chrysler Automobiles NV and France's PSA Group, said in July it was investing $35 billion in EVs and adjacent technologies through 2025.</p><p><blockquote><a href=\"https://laohu8.com/S/STLA\">斯特兰蒂斯公司</a>(STLA.MI)是今年早些时候由菲亚特克莱斯勒汽车公司(Fiat Chrysler Automobiles NV)和法国PSA集团合并而成的全球汽车制造商，该公司7月份表示，到2025年，将在电动汽车和相关技术上投资350亿美元。</blockquote></p><p> By that year, Stellantis is expected to derive 31% of its U.S. sales and 38% of its European sales from EVs, percentages that are seen growing to 35% of U.S. sales and 70% of European sales by 2030.</p><p><blockquote>到那一年，Stellantis预计其美国销售额的31%和欧洲销售额的38%将来自电动汽车，预计到2030年，这一比例将增长到美国销售额的35%和欧洲销售额的70%。</blockquote></p><p> <b>Subaru</b></p><p><blockquote><b>斯巴鲁</b></blockquote></p><p> The Japanese maker is expected to derive 40% of its sales from EVs and hybrid electric vehicles by 2030.</p><p><blockquote>预计到2030年，这家日本制造商40%的销售额将来自电动汽车和混合动力电动汽车。</blockquote></p><p> <b>Toyota</b></p><p><blockquote><b>丰田</b></blockquote></p><p> Some 70% of sales for the world's No. 1 car maker (7203.TO) are expected to come from EVs and fuel-cell electric vehicles by 2030. Toyota plans to offer 15 battery EV models by 2025. The car maker, of course, broke ground with its hybrid Toyota Prius two decades ago.</p><p><blockquote>预计到2030年，这家全球第一汽车制造商(7203.TO)约70%的销售额将来自电动汽车和燃料电池电动汽车。丰田计划到2025年提供15款纯电动汽车车型。当然，这家汽车制造商在二十年前就推出了混合动力丰田普锐斯。</blockquote></p><p> <b>Volkswagen</b></p><p><blockquote><b>大众汽车</b></blockquote></p><p> The car maker is expected to derive 70% of its European sales from EVs and 50% of its U.S. sales from EVs by 2030. Volkswagen has pledged to spend about $40 billion through 2025 on EVs.</p><p><blockquote>预计到2030年，该汽车制造商70%的欧洲销量来自电动汽车，50%的美国销量来自电动汽车。大众汽车承诺到2025年在电动汽车上花费约400亿美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/chasing-tesla-here-are-the-current-electric-vehicle-plans-of-every-major-car-maker-11628876816?mod=home-page\">MarketWatch</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":{"HMC":"本田汽车","HYEVF":"Hyundai Elevator Co Ltd.","DDAIF":"戴姆勒汽车","FUJHF":"Subaru Corporation ","TM":"丰田汽车","STLA":"Stellantis NV","F":"福特汽车","NSANY":"日产汽车","VLKAF":"Volkswagen AG","GM":"通用汽车","TSLA":"特斯拉"},"source_url":"https://www.marketwatch.com/story/chasing-tesla-here-are-the-current-electric-vehicle-plans-of-every-major-car-maker-11628876816?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2159521376","content_text":"At President Joe Biden's urging, the auto industry pledged to boost production of electric vehicles to the point that they account for about half of total U.S. sales by 2030, a plan that raises hopes that EVs can shift from niche to normal.\nEVs accounted for 2.4% of U.S. cars sold in 2020, up from 0.7% five years ago, according to BloombergNEF. The research provider expects that share to increase to 11% in 2025; by 2030, it expects that slightly over a third of vehicles sold in the U.S. will be electric.\nSeveral auto makers had already announced bigger EV ambitions even before the White House call.\nHere are each major car maker's stated plans for EVs, including, when available, investment amounts and the range of models they hope to bring to market.\nThis information was collated from company sites, previous reports, and BloombergNEF projections, and will be updated regularly.\nAudi\nAudi, a brand known for its luxury cars and owned by Germany's Volkswagen AG , has promised to have battery-electric vehicles comprise 35% of its sales by 2025. By that time, Audi buyers will choose from about 20 EV models.\nBMW\nBMW AG , a luxury-car maker from Germany, was among the first EV innovators. It launched its i3 compact EV eight years ago, then as $one of the few serious competitors to Tesla Inc.'s vehicles.\nBMW's EV pipeline has slowed, but the auto maker has promised that 25% of its European sales will be all-electric and hybrid vehicles this year, and that all sales of its Mini brand will be battery electric by 2030. It expects to launch more than 10 battery EVs models in the next couple of years.\nDaimler/Mercedes-Benz\nMercedes-Benz, owned by Daimler AG , expects that between 15% and 25% of its sales will be comprised of EV sales by 2025; by 2030, that percentage is expected to grow to 50%. Mercedes-Benz is slated to end 2021 offering three new electric passenger car models and more to come in 2022.\nSOURCE: MERCEDES\nFord\nFord Motor Co. $(F)$ has said that 40% of its global sales by 2030 will be sales of EVs . Ford is aiming to have dozens of electrified models by 2022, the year that will also mark the debut of its much-awaited all-electric F-150 Lightning pickup truck.\nThe Ford F-150 Lightning o JEFF KOWALSKY/AGENCE FRANCE-PRESSE/GETTY IMAGES\nFord has called the Lightning the \"pillar\" of its more than $22 billion bet on EVs, which includes EV models for other best-selling vehicles such as the Mustang and its Transit van.\nSOURCE: FORD\nGM\nGeneral Motors Co. $(GM)$ surprised Wall Street in January by saying it aims to phase out all of its internal combustion engine vehicles by 2035 and only sell zero-emission vehicles by then. The auto maker also promises to be carbon-neutral by 2040.\nGM has said that it will offer 30 all-electric models globally by mid-decade, and that 40% percent of the company's U.S. models will be battery electric vehicles by the end of 2025. Its Hummer electric is expected for next year, with production starting this fall.\nHonda\nThe Japanese maker (7267.TO), which owns the namesake Honda brand and also the luxury-car brand Acura, is projected to derive 40% of its sales from EVs and fuel-cell electric cars by 2030. In April 2020, Honda and GM announced a partnership to develop Honda electric cars using GM's Ultium batteries.\nHyundai\nThe Korean car maker , which also owns Kia, is aiming to have 40% of its Kia and Hyundai brands sales to be of EVs and fuel-cell electric vehicles by 2025. Its Hyundai brand plans on more than 30 electric passenger vehicles by then.\nMazda\nMazda plans to offer 5% of its vehicles as battery electric by 2030, but EV sales targets as a percentage of total sales are unknown at the moment. Mazda does not offer EVs in the U.S., but sells a few EV and hybrid models elsewhere.\nNissan\nNissan Motor Co. Ltd. was among the first auto makers to offer an all-electric vehicle, and its the Nissan Leaf for years was one of the few options available for those without the deep pockets needed for a Tesla Inc. $(TSLA)$ Model S.\nNissan plans to offer 20 EV models in China by next year, and for the U.S. the company recently said it plans that more than 40% of its U.S. vehicle sales by 2030 will be fully electric.\nThe Nissan Leaf NISSAN\nPorsche\nThe car maker and almost synonym of sports cars is aiming to have half of its sales be of EV vehicles by 2025.\nStellantis\nStellantis NV (STLA.MI), the global auto maker formed earlier this year through the merger of Fiat Chrysler Automobiles NV and France's PSA Group, said in July it was investing $35 billion in EVs and adjacent technologies through 2025.\nBy that year, Stellantis is expected to derive 31% of its U.S. sales and 38% of its European sales from EVs, percentages that are seen growing to 35% of U.S. sales and 70% of European sales by 2030.\nSubaru\nThe Japanese maker is expected to derive 40% of its sales from EVs and hybrid electric vehicles by 2030.\nToyota\nSome 70% of sales for the world's No. 1 car maker (7203.TO) are expected to come from EVs and fuel-cell electric vehicles by 2030. Toyota plans to offer 15 battery EV models by 2025. The car maker, of course, broke ground with its hybrid Toyota Prius two decades ago.\nVolkswagen\nThe car maker is expected to derive 70% of its European sales from EVs and 50% of its U.S. sales from EVs by 2030. Volkswagen has pledged to spend about $40 billion through 2025 on EVs.","news_type":1,"symbols_score_info":{"HYEVF":0.9,"TSLA":0.9,"TM":0.9,"DDAIF":0.9,"GM":0.9,"HMC":0.9,"F":0.9,"NSANY":0.9,"AUDVF":0.9,"STLA":0.9,"FUJHF":0.9,"VLKAF":0.9}},"isVote":1,"tweetType":1,"viewCount":683,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892829671,"gmtCreate":1628649155193,"gmtModify":1631892259287,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575324916676606","idStr":"3575324916676606"},"themes":[],"htmlText":"TO THE MOON!","listText":"TO THE MOON!","text":"TO THE MOON!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/892829671","repostId":"2158035654","repostType":4,"isVote":1,"tweetType":1,"viewCount":531,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192564549,"gmtCreate":1621216917181,"gmtModify":1631892507089,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575324916676606","idStr":"3575324916676606"},"themes":[],"htmlText":"Diamond hands!","listText":"Diamond hands!","text":"Diamond hands!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/192564549","repostId":"1177712976","repostType":4,"repost":{"id":"1177712976","kind":"news","pubTimestamp":1621213509,"share":"https://www.laohu8.com/m/news/1177712976?lang=zh_CN&edition=full","pubTime":"2021-05-17 09:05","market":"us","language":"en","title":"IPO Preview: SquareSpace, Procure Technologies And Oatly Are This Week's Offerings<blockquote>IPO预览：SquareSpace、Procure Technologies和Oatly将于本周发行</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1177712976","media":"benzinga","summary":"There are only three offerings scheduled for the trading week beginning May 17. The offerings include an online platform for businesses, a construction management company and the global leader of oat milk.SquareSpace has 3.7 million unique subscribers in 180 countries. Revenue was $621 million for SquareSpace in 2020, up 28% year-over-year. In the first quarter of 2021, revenue for SquareSpace was $179.6 million.In March, SquareSpace acquired Tock, a hospitality platform and application system, ","content":"<p><div> There are only three offerings scheduled for the trading week beginning May 17. The offerings include an online platform for businesses, a construction management company and the global leader of oat ...</p><p><blockquote><div>5月17日开始的交易周仅安排了三次发行。这些产品包括一个面向企业的在线平台、一家建筑管理公司和燕麦的全球领导者...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/05/21143868/ipo-preview-squarespace-procure-technologies-and-oatly-are-this-weeks-offerings\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/05/21143868/ipo-preview-squarespace-procure-technologies-and-oatly-are-this-weeks-offerings\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>IPO Preview: SquareSpace, Procure Technologies And Oatly Are This Week's Offerings<blockquote>IPO预览：SquareSpace、Procure Technologies和Oatly将于本周发行</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\">\nIPO Preview: SquareSpace, Procure Technologies And Oatly Are This Week's Offerings<blockquote>IPO预览：SquareSpace、Procure Technologies和Oatly将于本周发行</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">benzinga</strong><span class=\"h-time small\">2021-05-17 09:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> There are only three offerings scheduled for the trading week beginning May 17. The offerings include an online platform for businesses, a construction management company and the global leader of oat ...</p><p><blockquote><div>5月17日开始的交易周仅安排了三次发行。这些产品包括一个面向企业的在线平台、一家建筑管理公司和燕麦的全球领导者...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/05/21143868/ipo-preview-squarespace-procure-technologies-and-oatly-are-this-weeks-offerings\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/05/21143868/ipo-preview-squarespace-procure-technologies-and-oatly-are-this-weeks-offerings\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/news/21/05/21143868/ipo-preview-squarespace-procure-technologies-and-oatly-are-this-weeks-offerings\">benzinga</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":"https://static.tigerbbs.com/6a531a6f7b6d1339dada82e8a701e8cf","relate_stocks":{"OTLY":"Oatly Group AB","PCOR":"Procore Technologies","SQSP":"Squarespace Inc."},"source_url":"https://www.benzinga.com/news/21/05/21143868/ipo-preview-squarespace-procure-technologies-and-oatly-are-this-weeks-offerings","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177712976","content_text":"There are only three offerings scheduled for the trading week beginning May 17. The offerings include an online platform for businesses, a construction management company and the global leader of oat milk.SquareSpace:Offering an all-in-one platform for small and medium sized businesses to manage their online presence,SquareSpace is one of the largest in the market. The companyseeksto help people stand out and succeed by offering help with online presence, commerce and marketing.SquareSpace has 3.7 million unique subscribers in 180 countries. Revenue was $621 million for SquareSpace in 2020, up 28% year-over-year. In the first quarter of 2021, revenue for SquareSpace was $179.6 million.In March, SquareSpace acquired Tock, a hospitality platform and application system, for $415 million, which could help with additional expansion.The company estimates that 46% of U.S. small and midsize businesses are not online today, offering room for expansion for SquareSpace.SquareSpace is selling 40.4 million shares in adirect listing.Procure Technologies:Cloud-based construction management software company Procure Technologies plans to sell 9.5 million shares at a price point of $60 to $65. The company is helping digitize a construction industry that still has low market penetration.Procure had $400 million in revenue in 2020, up 38% year-over-year. Procure has over 800 customers that represent $100,000 in annual revenue. Over 60% of customers subscribe to three or more Procure products. The company reports 1.6 million users in over 125 countries.Since 2014, Procure has helped manage over 1 million projects representing over $1 trillion in construction ideas. The total addressable market size for construction software is listed as $12.4 billion and growing. The construction market represents 13% of the global gross domestic product.Oatly Group:Theworld’s largest oatmilk company Oatly Group is going publicwith an offering of 84.4 million ADS at a price point of $15 to $17.The company offers dozens of products at over 60,000 retail points of sale and more than 32,000 coffee shops. Customers include Starbucks Corp ,Target Corporation and Tesco.Oatly was founded in Sweden, where the company commands a strong 53% market share for alternative dairy products. In the United States, Oatly had 182% year-over-year growth in the retail segment for 2020.The company is using a food service-led expansion strategy to enter new markets and gain brand recognition. Oatly entered China in 2018 and is now present in over 8,000 locations through partnerships with Starbucks China and Alibaba Group Holding.The company had revenue of $421.4 million in 2020, up 106.5% year-over-year. Revenue for the first three months of 2021 was $140.1 million, up 66.2% year-over-year. Revenue in 2020 was split 64% EMEA region, 24% Americas and 13% Asia. The company got 71% of 2020 revenue from the food retail segment and 25% from foodservice.The global retail milk industry is worth an estimated $179 billion.","news_type":1,"symbols_score_info":{"PCOR":0.9,"SQSP":0.9,"OTLY":0.9}},"isVote":1,"tweetType":1,"viewCount":388,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}