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Jameslky1

Jameslky1

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2021-10-01

Tell me about it

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2021-10-01

But the price is not reflecting it

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2021-10-01

Well done

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2021-09-15

Well done

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2021-09-15

Good good

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2021-09-12

Good good

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2021-09-12

I m not sure

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2021-09-09

Buy both

Fisker Vs NIO: Which EV Stock Is The Better Buy?<blockquote>菲斯克与蔚来：哪只电动汽车股票更值得购买？</blockquote>

2021-09-06

$Alibaba(BABA)$When can the share break 200?

2021-09-05

Believe or not?

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2021-09-05

Amazing

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2021-09-05

Follow or not?

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2021-09-04

Shld buy zoom?

Zooming In On Zoom's Solid But Not Good Enough Results<blockquote>放大 Zoom 可靠但不够好的结果</blockquote>

2021-09-04

FB shares is still a good stock to invest

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2021-09-01

Buy buy

Apple shares rose nearly 2% in early trading<blockquote>苹果股价早盘上涨近2%</blockquote>

2021-09-01

Buy or not?

Zoom shares rose nearly 3% in early trading, as Cathie Wood's funds scooped up $56.5 million worth of shares in Zoom.<blockquote>随着 Cathie Wood 的基金买入价值 5650 万美元的 Zoom 股票，Zoom 股价在早盘交易中上涨近 3%。</blockquote>

2021-09-01

Thos news will get Apple shares excited.

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2021-08-31

I see this as a long term buy.

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2021-08-31

I am not so sure

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2021-08-31

Was hoping it break 165. Highest 163. Good effort though.

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good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/888154742","repostId":"2166370857","repostType":4,"isVote":1,"tweetType":1,"viewCount":3353,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888154266,"gmtCreate":1631462048655,"gmtModify":1631889075477,"author":{"id":"3576027952605838","authorId":"3576027952605838","name":"Jameslky1","avatar":"https://static.tigerbbs.com/3cbe4d8cb2765489cecf6ce00fb3235d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576027952605838","idStr":"3576027952605838"},"themes":[],"title":"","htmlText":"I m not sure","listText":"I m not sure","text":"I m not sure","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/888154266","repostId":"2166290377","repostType":4,"isVote":1,"tweetType":1,"viewCount":3920,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889553381,"gmtCreate":1631161136443,"gmtModify":1631889075500,"author":{"id":"3576027952605838","authorId":"3576027952605838","name":"Jameslky1","avatar":"https://static.tigerbbs.com/3cbe4d8cb2765489cecf6ce00fb3235d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576027952605838","idStr":"3576027952605838"},"themes":[],"title":"","htmlText":"Buy both","listText":"Buy both","text":"Buy both","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/889553381","repostId":"1158905975","repostType":4,"repost":{"id":"1158905975","kind":"news","pubTimestamp":1631160341,"share":"https://www.laohunote.com/m/news/1158905975?lang=zh_CN&edition=full","pubTime":"2021-09-09 12:05","market":"us","language":"en","title":"Fisker Vs NIO: Which EV Stock Is The Better Buy?<blockquote>菲斯克与蔚来：哪只电动汽车股票更值得购买？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1158905975","media":"Seeking Alpha","summary":"Summary\n\nImproving battery technology, greater charging infrastructure availability, and increasing ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Improving battery technology, greater charging infrastructure availability, and increasing price parity with ICE vehicles have supercharged electric vehicle (“EV”) adoption in recent years.</li>  <li>Global EV sales have surged by over 40% in 2020, and are poised to reach newer heights this year, making it an exciting investment opportunity.</li>  <li>But the growing number of EV stocks, ranging from established EV makers to pre-revenue start-ups, have made it increasingly difficult to determine which makes a better investment.</li>  <li>A similar investment dilemma applies to NIO and Fisker, with one being a leading EV brand in China, and the other still in pre-revenue and pre-production phase.</li>  <li>While our outlook remains bullish on both stocks, we believe NIO makes a higher-growth long-term investment due to the increasing value ascribed to its proprietary technology, including battery swaps and autonomous driving.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce9e6240d6fd9622f36cd021340e6c90\" tg-width=\"1536\" tg-height=\"1152\" width=\"100%\" height=\"auto\"><span>Andy Feng/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>近年来，电池技术的改进、充电基础设施的更大可用性以及与内燃机车辆价格的增加使得增压电动汽车(“EV”)被采用。</li><li>2020 年全球电动汽车销量激增超过 40%，今年有望达到新的高度，成为一个令人兴奋的投资机会。</li><li>但电动汽车股票数量不断增加，从老牌电动汽车制造商到营收前的初创企业，使得确定哪一家是更好的投资变得越来越困难。</li><li>类似的投资困境也适用于蔚来和菲斯克，一个是国内领先的电动汽车品牌，另一个仍处于预收入和预生产阶段。</li><li>虽然我们对这两只股票的前景仍然看好，但我们相信，由于其专有技术（包括电池更换和自动驾驶）的价值不断增加，蔚来正在进行更高增长的长期投资。</li></ul><p class=\"t-img-caption\"><span>Andy Feng/iStock 社论来自 Getty Images</span></p></blockquote></p><p> Improving battery technology, greater charging infrastructure availability, and increasing price parity with ICE vehicles have supercharged electric vehicle (“EV”) adoption in recent years. The EV industry has emerged as one of the fastest-growing segments of the 21stcentury – while global car sales suffered from an unprecedented slump during 2020 due to COVID-related lockdowns and economic uncertainty,EV sales surged by over 40%&nbsp;from 2019. And EV sales are poised to&nbsp;reach newer heights&nbsp;this year, making it an exciting investment opportunity that many have set their eyes on.</p><p><blockquote>近年来，电池技术的改进、充电基础设施的更大可用性以及与内燃机车辆价格的增加使得增压电动汽车(“EV”)被采用。电动汽车行业已成为 21 世纪增长最快的细分市场之一——尽管由于与新冠疫情相关的封锁和经济不确定性，全球汽车销量在 2020 年遭受了前所未有的下滑，但电动汽车销量较 2019 年飙升了 40% 以上。今年电动汽车销量有望达到新的高度，这使其成为许多人关注的令人兴奋的投资机会。</blockquote></p><p> But the growing number of options, ranging from established EV makers to pre-revenue early-stage EV start-ups, have made it increasingly difficult to determine which makes a higher growth investment. A similar investment dilemma applies to NIO (NIO) and Fisker (FSR), where the former has already emerged as one of the leading EV brands in China with ongoing plans for overseas expansion, while the latter is still in testing phase for its first vehicle. In our most recent coverage of&nbsp;NIO&nbsp;and&nbsp;Fisker, we have assigned both companies a buy signal. Although the 12-month price targets we have set for both stocks would indicate that Fisker exhibits similar upside potential in the near-term, we believe NIO would generate a better risk-return tradeoff over the long-run due to the increasing value of its innovative technology developments. NIO also makes a safer investment considering its EVs and proprietary battery swapping technology have already been tried and tested with proven demand in both China and Europe.</p><p><blockquote>但越来越多的选择，从老牌电动汽车制造商到收入前的早期电动汽车初创企业，使得确定哪家公司的增长投资更高变得越来越困难。类似的投资困境也适用于蔚来（蔚来）和菲斯克（FSR），前者已经成为中国领先的电动汽车品牌之一，并正在进行海外扩张计划，而后者仍处于测试阶段其第一辆车。在我们最近对蔚来和菲斯克的报道中，我们向两家公司发出了买入信号。尽管我们为这两只股票设定的 12 个月价格目标表明菲斯克在短期内表现出类似的上涨潜力，但我们相信，由于其创新技术开发的价值不断增加，从长远来看，蔚来将产生更好的风险回报权衡。蔚来还进行了更安全的投资，因为其电动汽车和专有电池更换技术已经在中国和欧洲进行了尝试和测试，并证明了需求。</blockquote></p><p> <b>NIO’s Advantage with Innovation, Overseas Expansion, and a Differentiated Business Model</b></p><p><blockquote><b>蔚来在创新、海外扩张和差异化商业模式方面的优势</b></blockquote></p><p> In the span of just a little over three years, NIO has grown into one of the largest EV brands in China with more than 130,000 vehicles sold to date. Although delivery volumes have slowed in recent months due to ongoing volatility of global chip supply, NIO has continued to achieve strong double-digit year-over-year sales growth. New orders have also been consistently reaching all-time highs on a monthly basis, underpinning significant sales growth ahead as demand continues to ramp up rapidly.</p><p><blockquote>在短短三年多一点的时间里，蔚来已经发展成为中国最大的电动汽车品牌之一，迄今为止已售出超过13万辆汽车。尽管由于全球芯片供应持续波动，近几个月出货量有所放缓，但蔚来继续实现强劲的两位数同比销售额增长。每月新订单也持续创下历史新高，随着需求继续快速增长，支撑了未来的销售大幅增长。</blockquote></p><p> <b>Sales Boost by Innovation</b></p><p><blockquote><b>创新促进销售</b></blockquote></p><p> In addition to its diversified line-up of fully battery-powered EVs, NIO is best known for their development of battery swapping technology, in-vehicle artificial intelligence and autonomous driving.Its innovative accomplishments achieved to date are a testament to its vision of expanding beyond the horizons of just building electric cars, but also a comprehensive ecosystem that is driven by technology.</p><p><blockquote>除了其多元化的全电池驱动电动汽车产品线外，蔚来最出名的是其电池更换技术、车载人工智能和自动驾驶的开发。迄今为止，其取得的创新成就证明了其愿景，即不仅仅是制造电动汽车，而是一个由技术驱动的综合生态系统。</blockquote></p><p> Most recently, NIO announced the addition of a&nbsp;150 kWh solid-state battery pack&nbsp;to its current line-up of swappable batteries. NIO currently offers swappable 70 kWh and 100 kWh battery packs, which already enable a range capability of 300 miles and 435 miles, respectively. The newest 150 kWh solid-state battery pack, which is expected to enter commercial use in Q4 2022, will deliver range capability of more than 450 miles for the first-generation ES8 SUVs, and up to 620 miles for the newer and more efficient models. This would top current record-holder&nbsp;Lucid Motors’(LCID) range capability of 517 miles on a single charge. Paired with its proprietary battery swapping technology, which can switch a dead battery out for a fully charged one in under three minutes, NIO answers to two of the biggest roadblocks to global EV adoption – range anxiety and long charge times.</p><p><blockquote>最近，蔚来宣布在其当前的可更换电池阵容中添加 150 kWh 固态电池组。蔚来目前提供可更换的 70 kWh 和 100 kWh 电池组，续航里程分别为 300 英里和 435 英里。最新的 150 kWh 固态电池组预计将于 2022 年第四季度投入商业用途，第一代 ES8 SUV 的续航里程将超过 450 英里，更新、更高效的车型可达 620 英里。这将超过目前的纪录保持者 Lucid Motors（LCID）一次充电可行驶 517 英里的续航能力。与其专有的电池更换技术相结合，该技术可以在三分钟内将没电电池更换为充满电的电池，蔚来解决了全球电动汽车采用的两个最大障碍——里程焦虑和充电时间长。</blockquote></p><p></p><p> Although the average commute is typically less than 40 miles per day, most drivers have indicated a&nbsp;preference for EVs with higher range capability&nbsp;to preserve the “peace of mind” they have gotten used to with ICE vehicles. Charge time and charging infrastructure availability have also proven to be other critical considerations in the EV purchasing decision. Most Tesla owners have credited the accessible network of Supercharger fast-charging stations for their respective purchasing decisions, underpinning&nbsp;Tesla’s(TSLA) success in becoming the industry leader over the years. And NIO’s proprietary battery swapping technology enables the same growth prospects. In addition to its network of over 200 fast-charging&nbsp;Power Charger&nbsp;stations across China, NIO has also installed more than 300 Power Swap stations across the country, with a commitment to build&nbsp;4,000 more globally by 2025. NIO also one-ups Tesla by offering “Battery as a Service” (“BaaS”), which is a monthly subscription service that provides NIO owners with flexible options for battery upgrades based on personal budgets and travel needs. The increasing availability of its charging infrastructure, combined with the additional price-friendly and flexible battery options make NIO well-positioned to capture a larger share of the EV market in the long-run.</p><p><blockquote>虽然平均每天通勤里程通常不到 40 英里，但大多数驾驶员都表示更喜欢续航里程更高的电动汽车，以保持他们已经习惯了内燃机车辆的 “安心”。充电时间和充电基础设施的可用性也被证明是电动汽车购买决策中的其他关键考虑因素。大多数特斯拉车主都将各自的购买决策归功于无障碍的超级充电站网络，这也是特斯拉（TSLA）多年来成功成为行业领导者的基础。蔚来专有的电池更换技术也带来了同样的增长前景。除了遍布全国的200多个快速充电充电站网络外，蔚来还在全国安装了300多个换电站，并承诺到2025年在全球再建设4000个换电站。蔚来还推出了 “电池即服务 ”（BaaS），这是一项按月订阅服务，为蔚来车主提供根据个人预算和出行需求灵活升级电池的选择。其充电基础设施的可用性不断增加，加上额外的价格友好和灵活的电池选择，使蔚来处于有利地位，从长远来看可以占据电动汽车市场的更大份额。</blockquote></p><p> <b>Increasing Global Market Share</b></p><p><blockquote><b>增加全球市场份额</b></blockquote></p><p> The Chinese EV maker is also on track to making its Norway debut in a few weeks. Its first shipment of the ES8 to the new market has already arrived, and NIO has started offering test drives since August 30th&nbsp;in preparation for the grand opening of its first NIO House and delivery center overseas on&nbsp;September 23rd. The build-out of NIO’s sales and service network in Norway will continue into 2022, with four more locations to open across Bergen, Stavanger, Trondheim and Kristansand. In addition to the NIO House, the EV maker will also be deploying its proprietary swap stations across Norway, staying true to its commitment to offering NIO owners with a range-anxiety-free driving experience.</p><p><blockquote>这家中国电动汽车制造商也有望在几周内在挪威首次亮相。第一批运往新市场的ES8已经抵达，蔚来自8月30日起开始提供试驾服务，为9月23日在海外的首个蔚来之家和交付中心盛大开业做准备。蔚来在挪威的销售和服务网络建设将持续到 2022 年，还将在卑尔根、斯塔万格、特隆赫姆和克里斯坦桑开设四家分店。除了蔚来之家之外，这家电动汽车制造商还将在挪威各地部署其专有的交换站，履行其为蔚来车主提供无里程焦虑驾驶体验的承诺。</blockquote></p><p> NIO’s newest technological developments will also underpin its expansion plans across Europe, as the region continues to be one of the largest EV markets in the world, following closely behind China’s. The European Commission’s recent tightening of theiremissions standardsandemissions reduction targetsis expected to further accelerate mass-market EV adoption across the broader European markets in coming years, making NIO’s recent entry to the region a well-timed move. EV demand in Europe is expected to surge at a compounded annual growth rate (“CAGR”) of 25.4% towards amarket value of more than $143 billionthrough to 2027. And passenger EV makers like NIO are poised to be the largest beneficiaries. The passenger cars segment currently accounts for more than 80% of the European EV market, and is expected remain the leading driver of growth within the industry through to the end of the decade. In order to further its capitalization of the growing opportunities in Europe, NIO has recently hired a new CEO to lead NIO’s European operations, and is currently planning additional expansion into other regions includingGermanyandAmsterdam.</p><p><blockquote>蔚来的最新技术发展也将支撑其在欧洲的扩张计划，因为该地区仍然是世界上最大的电动汽车市场之一，紧随中国之后。欧盟委员会最近收紧了排放标准和减排目标，预计未来几年将进一步加快整个欧洲市场大众市场电动汽车的普及，这使得蔚来最近进入该地区的举措非常及时。到 2027 年，欧洲的电动汽车需求预计将以 25.4% 的复合年增长率 (CAGR) 激增，市场价值将超过 1,430 亿美元。蔚来等乘用车电动汽车制造商有望成为最大的受益者。乘用车细分市场目前占欧洲电动汽车市场的80%以上，预计到本十年末仍将是该行业增长的主要驱动力。为了进一步利用欧洲不断增长的机遇，蔚来最近聘请了一位新的首席执行官来领导蔚来的欧洲业务，目前正计划进一步扩展到德国和阿姆斯特丹等其他地区。</blockquote></p><p> Following its expansion into Europe, NIO also plans to step foot into the U.S. EV market. A recent interview by NIO’s founder and CEO, William Li, hints at the possibility of materializing its U.S. expansion plans within the ten-year horizon. Although U.S. EV sales currently lag behind China’s and Europe’s by a wide margin, the Biden administration’s recent push for electrification of the transportation sector makes the U.S. an opportunity-filled market with EV adoption rates to surge in the latter half of the decade. Preliminary estimates show that U.S. EV sales could grow at a CAGR of up to 30% towards a total of18 million EVs on American roadsby the end of the decade, representing approximately14% of projected global EV sales. These growth trends make strong tailwinds for NIO, with its potential entry into the U.S. market to coincide with the American EV market’s prime time.</p><p><blockquote>继进军欧洲之后，蔚来还计划进军美国电动汽车市场。蔚来创始人兼首席执行官 William Li 最近接受采访时暗示，有可能在十年内实现其在美国的扩张计划。尽管美国的电动汽车销量目前远远落后于中国和欧洲，但拜登政府最近大力推动交通部门的电气化，使美国成为一个充满机遇的市场，电动汽车的普及率将在本世纪后半期激增。初步估计显示，到本十年末，美国电动汽车销量的复合年增长率可能高达 30%，美国道路上的电动汽车总量将达到 1800 万辆，约占全球电动汽车预计销量的 14%。这些增长趋势为蔚来带来了强劲的推动力，其进入美国市场的潜在时间恰逢美国电动汽车市场的黄金时代。</blockquote></p><p> <b>Growing via Horizontal Expansion</b></p><p><blockquote><b>横向扩张增长</b></blockquote></p><p> The coming year is expected to be pivotal for NIO as it taps into the broader global market with new cars, a separate brand, and strategic investments into rival brands. During the second quarter earnings call, NIO announced the launch of two new EV models in addition to the previously announced ET7 sedan in 2022; one of which will become NIO’s lowest-priced offering. The EV maker also unveiled plans for a separate brand that will offer more affordably priced vehicles to drive higher mass-market appeal. The two newly announced strategies will be complementary to NIO’s near-term plans of expanding its presence in China’s smaller “Tier 3” cities, and competing head-on with Tesla’s best-selling Model Y/3.</p><p><blockquote>预计未来一年对蔚来来说将是至关重要的一年，因为它将通过新车、独立品牌以及对竞争对手品牌的战略投资进军更广泛的全球市场。在第二季度财报看涨期权上，蔚来宣布除了之前宣布的 ET7 轿车外，还将在 2022 年推出两款新的电动汽车车型；其中之一将成为蔚来最低价格的产品。这家电动汽车制造商还公布了推出独立品牌的计划，该计划将提供价格更实惠的车辆，以提高大众市场的吸引力。这两项新宣布的战略将与蔚来在中国较小的 “三线 ”城市扩大业务的近期计划相辅相成，并与特斯拉最畅销的 Y/3 车型正面竞争。</blockquote></p><p></p><p> NIO has also recently made aninvestment contribution to Lotus Technology, the EV unit of iconic British sportscar-maker, Lotus. As part of the strategic partnership, both NIO and Lotus will collaborate in developing “high-end intelligent EVs” and facilitate Lotus’ planned roll-out of new EV models over the next five years. It will also enable profit sharing for NIO as competition continues to rise within the sector.</p><p><blockquote>蔚来最近还对英国标志性跑车制造商路特斯旗下的电动汽车部门路特斯科技进行了投资。作为战略合作伙伴关系的一部分，蔚来和路特斯将合作开发 “高端智能电动汽车 ”，并促进路特斯计划在未来五年内推出新的电动汽车车型。随着该行业竞争的不断加剧，它还将使蔚来能够分享利润。</blockquote></p><p> <b>Fisker’s Entry to the Capital-Intensive Sector with an Asset Lite Model</b></p><p><blockquote><b>菲斯克以轻资产模式进入资本密集型行业</b></blockquote></p><p> In contrast to NIO’s established operations, Fisker’s production timeline continues to trail behind its peers with the flagship Ocean SUV still in testing phase. The company has recently reiterated its commitment to begin production of the Fisker Ocean in late 2022, with a full marketing campaign to roll-out in November. Aside from repeatedly confirming that the Ocean program is “on time and on budget”, the EV start-up has remained tight-lipped as usual on the vehicle’s technology and specs, with plans to reveal the production version of the vehicle at the LA Auto Show in November.</p><p><blockquote>与蔚来的成熟业务相比，菲斯克的生产时间表仍然落后于同行，旗舰 Ocean SUV 仍处于测试阶段。该公司最近重申了其在 2022 年底开始生产 Fisker Ocean 的承诺，并将于 11 月开展全面的营销活动。这家电动汽车初创公司除了一再确认 Ocean 计划 “按时、按预算 ”外，还一如既往地对该车的技术和规格守口如瓶，计划在 11 月的洛杉矶车展上展示该车的量产版。</blockquote></p><p> <b>Pre-Launch Momentum</b></p><p><blockquote><b>发射前动量</b></blockquote></p><p> To date, Fisker has secured over 17,500 reservations for the Ocean SUV. Considering each reservation is priced at $250, and only 90% refundable if cancelled, the volume of reservations acquired to date is a testament of strong public interest in the vehicle, given there has not been any information released on its technological capabilities yet. The pre-revenue EV start-up is aiming to acquire at least 25,000 reservations for the Fisker Ocean by the end of the year, with another 50,000 in 2022 to ensure a sell-out in 2023. The company has also turned to opportunities within the commercial landscape by acquiring fleet orders fromCredit Agricole Consumer Finance,Ontocar subscription services, andViggoride-hailing services. The achievements underscore its ability to ramp effectively once the Ocean SUV enters production phase in about 15 months.</p><p><blockquote>迄今为止，Fisker 已获得超过 17,500 辆 Ocean SUV 的预订。考虑到每次预订的价格为 250 美元，如果取消只能退款 90%，迄今为止获得的预订量证明了公众对该车的浓厚兴趣，因为尚未发布任何有关其技术能力的信息。这家收入前的电动汽车初创公司的目标是在今年年底前获得至少 25,000 个 Fisker Ocean 预订，2022 年再获得 50,000 个预订，以确保 2023 年售罄。该公司还通过从法国农业信贷银行消费金融公司、Ontocar 订阅服务和 Viggoride 打车服务获得车队订单，转向商业领域的机会。这些成就凸显了一旦Ocean SUV在大约15个月后进入生产阶段，其有效提升的能力。</blockquote></p><p> Like NIO and other rising EV start-ups, Fisker intends to adopt a direct sales strategy to maximize customer experience. Currently, Fisker plans to sell the Ocean in the U.S. and certain countries across Europe, including the U.K., Germany, Denmark, Norway and Sweden, first. And once additional models roll-out, the EV maker will likely make an entry into additional markets across Asia, including thefastest-growing Chinese market and India. Although specific details on its global expansion timeline are limited, Fisker’s international aspirations will be a critical factor to its long-term success.</p><p><blockquote>与蔚来和其他新兴电动汽车初创公司一样，菲斯克打算采用直销策略来最大限度地提高客户体验。目前，菲斯克计划首先在美国和欧洲某些国家销售Ocean，包括英国、德国、丹麦、挪威和瑞典。一旦更多车型推出，这家电动汽车制造商可能会进入亚洲其他市场，包括增长最快的中国市场和印度。虽然有关其全球扩张时间表的具体细节有限，但菲斯克的国际抱负将是其长期成功的关键因素。</blockquote></p><p> <b>Asset Lite Business Model</b></p><p><blockquote><b>轻资产商业模式</b></blockquote></p><p> Similar to NIO, Fisker does not produce its vehicles in-house. Instead, the EV start-up implements an “asset lite” business model, which has bolstered its incredible strength in cost management – with the Ocean Program to be fully funded by the $1 billion proceeds from its SPAC merger last year, and only 15 months away from start of production, Fisker’s balance sheet still boasts a cash balance of more than $962 million. The asset lite business model helps Fisker bypass the capital-intensive nature of car-making by requiring it to co-develop its vehicles and platforms with renowned manufacturing partners and suppliers. And to avoid the typical cost inefficiencies that accompany outsourced manufacturing arrangements, Fisker ensures its production partners have “equal skin in the game” by either offering equity stake in the company or ensuring the project is a joint-venture investment. The carmaker has also been highly selective in the process of choosing its strategic partners, and only works with the most reputable and experienced in the industry to ensure quality control.</p><p><blockquote>与蔚来类似，菲斯克也不在内部生产车辆。相反，这家电动汽车初创公司实施的是 “轻资产 ”的商业模式，这增强了其在成本管理方面令人难以置信的实力--海洋计划的全部资金来自去年 SPAC 合并的 10 亿美元收益，而距离投产仅剩 15 个月，菲斯克的资产负债表上仍有超过 9.62 亿美元的现金余额。asset lite 商业模式要求 Fisker 与知名制造合作伙伴和供应商共同开发汽车和平台，从而帮助 Fisker 绕过汽车制造的资本密集型性质。为了避免外包制造安排带来的典型成本低效率，菲斯克通过提供公司股权或确保项目是合资投资，确保其生产合作伙伴 “在游戏中享有平等的地位”。该汽车制造商在选择战略合作伙伴的过程中也非常挑剔，只与业内最有声誉和经验的合作伙伴合作，以确保质量控制。</blockquote></p><p> The Ocean SUV will be manufactured by Magna, one of the largest auto manufacturers in the world. Together, the two companies have co-developed the FM 29 platform that will drive the Ocean SUV and additional EV models in the future. In exchange, Magna is offered a 6% stake in Fisker, exercisable through achievement of “interrelated performance conditions” (pg. 97 of the2020 10K). Magna has also opened several Fisker-dedicated operational areas at the carbon-neutral facility in Graz, Austria to facilitate theirlong-term manufacturing agreementthrough to 2029. The facilities will allocate annual production capacity of well over 100,000 vehicles at full ramp up to Fisker.</p><p><blockquote>Ocean SUV将由全球最大的汽车制造商之一麦格纳制造。两家公司共同开发了 FM 29 平台，该平台将在未来驱动 Ocean SUV 和其他电动汽车车型。作为交换，麦格纳将获得 Fisker 6% 的股份，可通过实现 “相互关联的业绩条件”（2020 年 10K 第 97 页）来行使。麦格纳还在奥地利格拉茨的碳中和工厂开设了几个菲斯克专用运营区域，以促进他们到 2029 年的长期制造协议。这些工厂将向菲斯克分配超过 100,000 辆汽车的年产能，并满负荷运转。</blockquote></p><p></p><p> In addition to the Ocean SUV, Fisker is also working with Foxconn on the production of their second model,PEAR, and its underlying FP 28 platform. The unique deal structure requires Foxconn to provide investments in areas related to the manufacturing process and the technology supply chain, while Fisker will lead on the design process, product development and go-to-market strategies. The PEAR is expected to be a new-segment vehicle that will “revolutionize” the electric vehicle driving experience. The new vehicle is scheduled to enter production in late 2023, with a price tag of $30,000 before tax incentives. Fisker and Foxconn are currently finalizing plans on amanufacturing site in the U.S.that could handle a production capacity of up to 150,000 units annually. And in the long-run, the partners plan to manufacture and sell at least 250,000 units of the PEAR per year globally upon full production ramp up.</p><p><blockquote>除了 Ocean SUV 之外，Fisker 还与富士康合作生产第二款车型 PEAR 及其底层 FP 28 平台。独特的交易结构要求富士康在制造工艺和技术供应链相关领域提供投资，而菲斯克将在设计流程、产品开发和上市战略方面发挥主导作用。PEAR 有望成为一款新的细分市场汽车，它将 “彻底改变 ”电动汽车的驾驶体验。新车计划于2023年底投产，税前售价为3万美元。菲斯克和富士康目前正在敲定美国制造基地的计划，该基地的年产能可达 150,000 台。从长远来看，合作伙伴计划在全面提高产量后，每年在全球生产和销售至少 250,000 个梨。</blockquote></p><p> Aside from its production partners, Fisker has also forged strategic partnerships with critical component suppliers and after-sales service providers.Bridgestone Tireshas recently been selected as the exclusive tire partner for the Fisker Ocean, while another undisclosed battery cell manufacturer, who is one of the five largest in the world, will supply the battery packs.Sharphas also been engaged as the designated developer and supplier of interior display systems for up to four Fisker EV models. As for after-sales service partners, Fisker has recently made a $10 million private investment in public equity (“PIPE”) supporting the upcoming reverse merger ofAllego, a European EV charging network, with Spartan Acquisition Corp, III. The strategic investment will pave the way for efficient access to charging infrastructure for Fisker customers in Europe, a critical element in attracting sales and growing its market share. Fisker has also madeElectrify Americaits official charging partner for the U.S. market. The partnership will offer Fisker vehicle owners with exclusive package rates across more than 3,500 Electrify America chargers in the U.S. Other after-sales service partners include theMekonomen GroupandCox Automotive and Rivus Fleet Solutions, which will facilitate Fisker’s logistics and maintenance services in Europe.</p><p><blockquote>除了生产合作伙伴外，Fisker 还与关键零部件供应商和售后服务提供商建立了战略合作伙伴关系。普利司通轮胎最近被选为 Fisker Ocean 的独家轮胎合作伙伴，而另一家未公开的电池制造商是全球五大制造商之一，将供应电池组。Sharphas 还被聘为多达四款 Fisker EV 车型车内显示系统的指定开发商和供应商。至于售后服务合作伙伴，菲斯克最近进行了 1000 万美元的公共股本私人投资（“PIPE”），以支持欧洲电动汽车充电网络 Fallego 与 Spartan Acquisition Corp, III 即将进行的反向合并。这项战略投资将为欧洲菲斯克客户高效接入充电基础设施铺平道路，这是吸引销售和扩大市场份额的关键因素。Fisker 还让 Electrify Americait 成为美国市场的官方充电合作伙伴。此次合作将为 Fisker 车主提供美国 3,500 多个 Electrify America 充电器的独家套餐价格。其他售后服务合作伙伴包括 theMekonomen 集团、Cox Automotive 和 Rivus Fleet Solutions，它们将为 Fisker 在欧洲的物流和维护服务提供便利。</blockquote></p><p> <b>Financial ProspectsNIO</b></p><p><blockquote><b>财务展望蔚来汽车</b></blockquote></p><p> Despite NIO’s recent decision to adjust its third-quarter delivery guidance from 23,000 to 25,000 vehicles down to 22,500 to 23,500 vehicles due to ongoing volatility of chip supply, we are expecting the company to keep progressing in line with ourearlier coverage. With close to 56,000 vehicles already delivered this year and new orders reaching an all-time high, NIO is expected to complete approximately 88,000 deliveries by the end of the year. This is expected to yield vehicle sales of RMB 32.6 billion ($5.0 billion) by the end of the year based on average vehicle revenue of RMB 367,000 ($56,635), which is consistent with NIO’s sales mix and pricing strategy observed in recent quarters. The projection also takes into consideration NIO’s upcoming debut in Norway, which will top-up on domestic sales growth expectations in the fourth quarter. Our base-case forecast projects NIO’s vehicle sales to further expand at a CAGR of 30.4% towards RMB 461.4 billion ($71.2 billion) by 2030. The growth assumption is consistent with global EV demand growth trends, as well as NIO’s historical performance and ongoing market share expansion initiatives.</p><p><blockquote>尽管由于芯片供应持续波动，蔚来最近决定将第三季度交付量指引从 23,000 至 25,000 辆调整为 22,500 至 23,500 辆，但我们预计该公司将继续按照我们之前的报道取得进展。今年已交付近 56,000 辆汽车，新订单创历史新高，蔚来预计到今年年底将完成约 88,000 辆的交付。根据平均汽车收入 36.7 万元人民币（56635 美元）计算，预计到今年年底，汽车销量将达到 326 亿元人民币（50 亿美元），这与蔚来最近几个季度的销售结构和定价策略一致。这一预测还考虑到了蔚来即将在挪威的首次亮相，这将补充第四季度国内销售增长的预期。根据我们的基本情况预测，到 2030 年，蔚来汽车销量将以 30.4% 的复合年增长率进一步扩大，达到 4614 亿元人民币（约合 712 亿美元）。增长假设与全球电动汽车需求增长趋势、蔚来的历史业绩和持续的市场份额扩张举措一致。</blockquote></p><p> NIO’s achievements in battery and autonomous driving technology enhancement will also underpin growth in its other sales revenues. Other sales revenues, which are primarily generated from BaaS and “Autonomous Driving as a Service” (“ADaaS”), are expected to grow in line with vehicle sales at a CAGR of 30.0% from RMB 2.3 billion ($352.1 million) by the end of the year to RMB 31.5 billion ($4.9 billion) by 2030.</p><p><blockquote>蔚来在电池和自动驾驶技术增强方面取得的成就也将支撑其其他销售收入的增长。其他销售收入主要来自 BaaS 和 “自动驾驶即服务 ”（“ADaaS”），预计将与汽车销量同步增长，复合年增长率为 30.0%，从年底的 23 亿元人民币（3.521 亿美元）增长到 2030 年的 315 亿元人民币（49 亿美元）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18d9287432802922a3c8c4a9e7cfab94\" tg-width=\"640\" tg-height=\"208\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal financial forecast (NIO_-_Forecasted_Financial_Information.pdf).</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者，数据来自我们的内部财务预测（NIO_-_Forecasted_Financial_Information.pdf）。</span></p></blockquote></p><p> NIO’s net losses are expected to further narrow towards 2024 as margins continue to expand with sales ramp up and scale. Nominal profits of RMB 8.2 billion ($1.3 billion) are forecasted for 2025, with growth at a CAGR of 36.8% towards RMB 39.3 billion ($6.1 billion) by the end of the decade.</p><p><blockquote>随着销售额的增长和规模的扩大，蔚来的净亏损预计将在 2024 年进一步收窄。预计 2025 年名义利润将达到 82 亿元人民币（13 亿美元），到本十年末，复合年增长率为 36.8%，达到 393 亿元人民币（61 亿美元）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/38a9a5037c6bb2e491a0d94c890d8f57\" tg-width=\"640\" tg-height=\"241\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal financial forecasts. Please refer to our previous analysis for a detailed breakdown of NIO’s projected cost structure.</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者，数据来自我们的内部财务预测。请参阅我们之前的分析，了解蔚来预计成本结构的详细明细。</span></p></blockquote></p><p> <i>i. Base Case Financial Forecast:</i></p><p><blockquote><i>i.基本案例财务预测：</i></blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/48d96e680fc2537af9310d2ac9506ddd\" tg-width=\"640\" tg-height=\"179\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal financial forecast.</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者，数据来自我们的内部财务预测。</span></p></blockquote></p><p> <b>Fisker</b></p><p><blockquote><b>渔夫</b></blockquote></p><p> On the other hand, our base-case forecast projects delivery of at least 40,000 Fisker Ocean SUVs across the U.S. and Europe in 2023 following the start of production, which is consistent with management’s original sales guidance and production volume estimates. With the Fisker Ocean’s middle-trim priced between $50,000 to $55,000 expected to be the best-seller, the flagship SUV is forecasted to generate $2.1 billion of revenues for the carmaker in 2023. And based on ramped-up production capacity of at least 5,000 units per month starting in 2023, we are projecting sales of at least 60,000 units of the Fisker Ocean by 2024, totaling $3.3 billion in projected revenues. Ocean sales are forecasted to grow further at a CAGR of 22.5% towards $11.1 billion by 2030. The growth assumption is consistent with Fisker’s intentions to expand into Asia-Pacific regions in the long-run, as well as&nbsp;market expectations on the rise of global EV demand.</p><p><blockquote>另一方面，我们的基本预测预计 2023 年投产后，菲斯克海洋 SUV 将在美国和欧洲交付至少 40,000 辆，这与管理层最初的销售指导和产量估计一致。Fisker Ocean 的中档车型售价在 5 万至 5.5 万美元之间，预计将成为最畅销的车型，预计这款旗舰 SUV 将在 2023 年为该汽车制造商带来 21 亿美元的收入。基于从 2023 年开始每月至少 5,000 辆的产能提升，我们预计到 2024 年 Fisker Ocean 的销量将至少达到 60,000 辆，预计总收入为 33 亿美元。预计到 2030 年，海洋销售额将以 22.5% 的复合年增长率进一步增长，达到 111 亿美元。这一增长假设与菲斯克向亚太地区扩张的长期意图以及市场对全球电动汽车需求增长的预期相一致。</blockquote></p><p> The PEAR model, which is expected to commence production and deliveries in late 2023, is forecasted to add an additional $1.8 billion to revenues in 2024. With aspirations to produce and sellat least 250,000 unitsof the PEAR annually in the long-run, Fisker is expected to generate PEAR revenues of $6.1 billion by the end of the decade. This accordingly translates to PEAR revenue growth at a CAGR of 22.5% from 2024 to 2030, which is consistent with Fisker’s sales guidance per itsInvestor Presentationand global EV market growth trends.</p><p><blockquote>PEAR 车型预计将于 2023 年底开始生产和交付，预计到 2024 年将额外增加 18 亿美元的收入。从长远来看，菲斯克的目标是每年生产和销售至少 250,000 个梨，预计到本十年末，梨收入将达到 61 亿美元。因此，从 2024 年到 2030 年，PEAR 的收入将以 22.5% 的复合年增长率增长，这与 Fisker 根据其投资者演示和全球电动汽车市场增长趋势提出的销售指导一致。</blockquote></p><p> Fisker also plans to launch two more vehicles in addition to the Ocean and PEAR before 2025. With a planned average sales price of $59,000 and a goal of selling 200,000 to 250,000 vehicles by the end of 2025, our base case forecast projects total revenues of $8.5 billion by then. Total revenues are expected to further expand at a CAGR of 25.6% towards $21.2 billion by 2030. Note that projected total revenues also include nominal merchandise sales of approximately $100,000 per year.</p><p><blockquote>除了 Ocean 和 PEAR 之外，Fisker 还计划在 2025 年前再推出两款车辆。计划平均售价为 59,000 美元，目标是到 2025 年底销售 200,000 至 250,000 辆汽车，我们的基本案例预测预计届时总收入将达到 85 亿美元。预计到 2030 年，总收入将以 25.6% 的复合年增长率进一步增长，达到 212 亿美元。请注意，预计总收入还包括每年约100,000美元的名义商品销售额。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f6086733e59a4a20b8540494d0e688e2\" tg-width=\"640\" tg-height=\"246\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal financial forecast.</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者，数据来自我们的内部财务预测。</span></p></blockquote></p><p> With Fisker’s margins to continuously improve after start of productions with cost-efficiencies enabled by its asset lite business model, our base-case forecast projects narrowing net losses from $380.0 million by the end of the year to $290.8 million by 2022. The EV start-up is expected to start realizing profits of $197.9 million starting in 2023, with further growth towards $774.3 million by 2025 when all four anticipated EV models enter production, and towards $1.95 billion by 2030.</p><p><blockquote>Fisker 的利润率在投产后将不断提高，其轻资产商业模式带来的成本效益，我们的基本案例预测预计到 2022 年，净亏损将从年底的 3.80 亿美元缩小到 2.908 亿美元。这家电动汽车初创公司预计从 2023 年开始实现利润 1.979 亿美元，到 2025 年，当所有四款预期电动汽车车型全部投入生产时，利润将进一步增长至 7.743 亿美元，到 2030 年将达到 19.5 亿美元。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9412fb3be94fd83ecc56715bc26b414a\" tg-width=\"640\" tg-height=\"200\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal financial forecasts. Please refer to our previous analysis for a detailed breakdown of Fisker’s projected cost structure.</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者，数据来自我们的内部财务预测。请参阅我们之前的分析，了解 Fisker 预计成本结构的详细明细。</span></p></blockquote></p><p> <i>i. Base Case Financial Forecast:</i></p><p><blockquote><i>i.基本案例财务预测：</i></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/967dab57068b839e32c04b2d47260942\" tg-width=\"640\" tg-height=\"206\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal valuation analysis.</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者，数据来自我们的内部估值分析。</span></p></blockquote></p><p> Consistent with our&nbsp;recent&nbsp;analyses&nbsp;performed on both stocks, our 12-month price targets for NIO and Fisker remain at $59.74 and $20.61, respectively. These projections represent upside potential of close to 48% for both stocks based on their last traded share price on September 3rd.</p><p><blockquote>与我们最近对这两只股票进行的分析一致，我们对蔚来和菲斯克的 12 个月目标价分别保持在 59.74 美元和 20.61 美元。根据 9 月 3 日的最后一次交易股价，这些预测表明这两只股票的上涨潜力接近 48%。</blockquote></p><p> We have performed a discounted cash flow (“DCF”) analysis to determine the respective 12-month price targets for NIO and Fisker. Specifically, we have used projected free cash flows up to 2025 in the DCF analysis to reflect the valuation expectations on both companies’ near-term growth initiatives.</p><p><blockquote>我们已进行贴现现金流（“贴现现金流”）分析，以厘定蔚来及菲斯克各自的12个月价格目标。具体来说，我们在 DCF 分析中使用了截至 2025 年的预计自由现金流，以反映两家公司近期增长计划的估值预期。</blockquote></p><p> For NIO’s valuation analysis, we have applied a WACC of 11.9% to discount the projected free cash flows. The valuation assumption is consistent with the company’s current risk profile, taking into consideration its highly leveraged balance sheet and recent volatility in its price performance given uncertainties over the Chinese regulatory landscape. The valuation analysis also assumes a 90.6x EV/EBITDA multiple, which reflects NIO’s achievements in proprietary technology development in addition to EV sales, as well as ongoing growth initiatives and business outlook. This compares to the EV/EBITDA range of 70.9x to 111.2x observed across its industry peers.</p><p><blockquote>对于蔚来的估值分析，我们采用了 11.9% 的 WACC 来贴现预计的自由现金流。考虑到公司的高杠杆资产负债表以及中国监管环境的不确定性导致的近期价格表现波动，估值假设与公司目前的风险状况一致。估值分析还假设 EV/EBITDA 倍数为 90.6 倍，这反映了蔚来除电动汽车销售外，在专有技术开发方面取得的成就，以及持续的增长计划和业务前景。相比之下，行业同行的 EV/EBITDA 范围为 70.9 倍至 111.2 倍。</blockquote></p><p> <i>i. Near-Term Valuation Analysis – NIO:</i></p><p><blockquote><i>一、近期估值分析-蔚来：</i></blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/89d32cdceadf5ef5899705290bf42593\" tg-width=\"640\" tg-height=\"282\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal valuation analysis.</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者，数据来自我们的内部估值分析。</span></p></blockquote></p><p> On the other hand, we have applied a WACC of 13.4% to discount the projected free cash flows of Fisker to compute the stock’s 12-month price target. Although the company has largely remained debt-free with sufficient liquidity to complete the Ocean program, the company is a relatively riskier investment compared to NIO considering itisa pre-revenue and pre-production start-up. The WACC also considers Fisker’s recent announcement to fund the PEAR program with a new private debt offering of $625 million at 2.50% due in 2026. The valuation analysis assumes a 13.6x EV/EBITDA multiple, which is consistent with those of EV start-ups that are still in pre-revenue and testing phase, and have recently completed a reverse SPAC merger. The valuation multiple applied also reflects Fisker’s smaller scale of operations in terms of sales capacity, as well as technological developments in comparison to NIO and other established EV makers in the industry.</p><p><blockquote>另一方面，我们采用了 13.4% 的 WACC 来贴现 Fisker 的预计自由现金流，以计算该股 12 个月的目标价。尽管该公司基本上没有债务，有足够的流动性来完成海洋计划，但考虑到 itisa 预收入和预生产启动，与蔚来相比，该公司是一项风险相对较高的投资。WACC 还考虑了 Fisker 最近宣布的 6.25 亿美元新的私人债务发行，利率为 2.50%，将于 2026 年到期，为 PEAR 计划提供资金。估值分析假设 EV/EBITDA 倍数为 13.6 倍，这与仍处于收入前和测试阶段且最近完成反向 SPAC 合并的电动汽车初创企业的倍数一致。所采用的估值倍数还反映了菲斯克在销售能力方面的经营规模较小，以及与蔚来和业内其他老牌电动汽车制造商相比的技术发展。</blockquote></p><p> <i>ii. Near-Term Valuation Analysis – Fisker:</i></p><p><blockquote><i>二、近期估值分析——菲斯克：</i></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/844570c70f1d3c319436280658c72dd5\" tg-width=\"640\" tg-height=\"330\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal valuation analysis.</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者，数据来自我们的内部估值分析。</span></p></blockquote></p><p> Over the next five years, we foresee NIO and Fisker’s share price to reach as high as$160and$39, respectively. The long-term valuations prescribed reflect both companies’ estimated intrinsic values upon realization of their respective growth aspirations set out for the next five to ten years. For Fisker, these initiatives include full materialization of launching four EV models before 2025 with expansion into Asia-Pacific regions, as well as achieving positive operating cash flow and profits. And for NIO, the projected long-term valuation also captures the additional value generated from its technological advancements, including the global build-out of battery swap stations, development of long-range solid-state batteries, and materialization oflevel four autonomous driving technology.</p><p><blockquote>在未来五年内，我们预计蔚来和菲斯克的股价将分别达到 160 美元和 39 美元。规定的长期估值反映了两家公司在实现各自未来五到十年的增长愿望后的估计内在价值。对于菲斯克来说，这些举措包括在 2025 年之前全面实现推出四款电动汽车车型，并扩展到亚太地区，以及实现正的运营现金流和利润。对于蔚来来说，预计的长期估值还体现了其技术进步所产生的附加值，包括全球电池换电站的建设、远程固态电池的开发以及四级自动驾驶技术的实现。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> While accelerated global EV adoption trends underscore high-growth opportunities for both stocks, NIO makes a better long-term investment given its established operations and proprietary technological developments. But near-term catalysts for both stocks should not be overlooked. NIO’s official opening of its Norway operations in two weeks and Fisker’s reveal of the Ocean SUV’s production version in November are expected to underpin additional upsides for their respective price performances in the next twelve months. This makes both stocks attractive options at current price levels for those looking to capitalize on their growth potentials.</p><p><blockquote>虽然全球电动汽车采用趋势的加速凸显了这两只股票的高增长机会，但鉴于其既定的运营和专有技术开发，蔚来进行了更好的长期投资。但这两只股票的近期催化剂不容忽视。蔚来将在两周后正式开设挪威业务，菲斯克将在 11 月发布 Ocean SUV 的量产版，预计这将进一步提升两家公司各自在未来 12 个月的价格表现。这使得这两只股票在当前价格水平上都成为那些希望利用其增长潜力的人的有吸引力的选择。</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>Fisker Vs NIO: Which EV Stock Is The Better Buy?<blockquote>菲斯克与蔚来：哪只电动汽车股票更值得购买？</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\">\nFisker Vs NIO: Which EV Stock Is The Better Buy?<blockquote>菲斯克与蔚来：哪只电动汽车股票更值得购买？</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\">2021-09-09 12:05</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>Improving battery technology, greater charging infrastructure availability, and increasing price parity with ICE vehicles have supercharged electric vehicle (“EV”) adoption in recent years.</li>  <li>Global EV sales have surged by over 40% in 2020, and are poised to reach newer heights this year, making it an exciting investment opportunity.</li>  <li>But the growing number of EV stocks, ranging from established EV makers to pre-revenue start-ups, have made it increasingly difficult to determine which makes a better investment.</li>  <li>A similar investment dilemma applies to NIO and Fisker, with one being a leading EV brand in China, and the other still in pre-revenue and pre-production phase.</li>  <li>While our outlook remains bullish on both stocks, we believe NIO makes a higher-growth long-term investment due to the increasing value ascribed to its proprietary technology, including battery swaps and autonomous driving.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce9e6240d6fd9622f36cd021340e6c90\" tg-width=\"1536\" tg-height=\"1152\" width=\"100%\" height=\"auto\"><span>Andy Feng/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>近年来，电池技术的改进、充电基础设施的更大可用性以及与内燃机车辆价格的增加使得增压电动汽车(“EV”)被采用。</li><li>2020 年全球电动汽车销量激增超过 40%，今年有望达到新的高度，成为一个令人兴奋的投资机会。</li><li>但电动汽车股票数量不断增加，从老牌电动汽车制造商到营收前的初创企业，使得确定哪一家是更好的投资变得越来越困难。</li><li>类似的投资困境也适用于蔚来和菲斯克，一个是国内领先的电动汽车品牌，另一个仍处于预收入和预生产阶段。</li><li>虽然我们对这两只股票的前景仍然看好，但我们相信，由于其专有技术（包括电池更换和自动驾驶）的价值不断增加，蔚来正在进行更高增长的长期投资。</li></ul><p class=\"t-img-caption\"><span>Andy Feng/iStock 社论来自 Getty Images</span></p></blockquote></p><p> Improving battery technology, greater charging infrastructure availability, and increasing price parity with ICE vehicles have supercharged electric vehicle (“EV”) adoption in recent years. The EV industry has emerged as one of the fastest-growing segments of the 21stcentury – while global car sales suffered from an unprecedented slump during 2020 due to COVID-related lockdowns and economic uncertainty,EV sales surged by over 40%&nbsp;from 2019. And EV sales are poised to&nbsp;reach newer heights&nbsp;this year, making it an exciting investment opportunity that many have set their eyes on.</p><p><blockquote>近年来，电池技术的改进、充电基础设施的更大可用性以及与内燃机车辆价格的增加使得增压电动汽车(“EV”)被采用。电动汽车行业已成为 21 世纪增长最快的细分市场之一——尽管由于与新冠疫情相关的封锁和经济不确定性，全球汽车销量在 2020 年遭受了前所未有的下滑，但电动汽车销量较 2019 年飙升了 40% 以上。今年电动汽车销量有望达到新的高度，这使其成为许多人关注的令人兴奋的投资机会。</blockquote></p><p> But the growing number of options, ranging from established EV makers to pre-revenue early-stage EV start-ups, have made it increasingly difficult to determine which makes a higher growth investment. A similar investment dilemma applies to NIO (NIO) and Fisker (FSR), where the former has already emerged as one of the leading EV brands in China with ongoing plans for overseas expansion, while the latter is still in testing phase for its first vehicle. In our most recent coverage of&nbsp;NIO&nbsp;and&nbsp;Fisker, we have assigned both companies a buy signal. Although the 12-month price targets we have set for both stocks would indicate that Fisker exhibits similar upside potential in the near-term, we believe NIO would generate a better risk-return tradeoff over the long-run due to the increasing value of its innovative technology developments. NIO also makes a safer investment considering its EVs and proprietary battery swapping technology have already been tried and tested with proven demand in both China and Europe.</p><p><blockquote>但越来越多的选择，从老牌电动汽车制造商到收入前的早期电动汽车初创企业，使得确定哪家公司的增长投资更高变得越来越困难。类似的投资困境也适用于蔚来（蔚来）和菲斯克（FSR），前者已经成为中国领先的电动汽车品牌之一，并正在进行海外扩张计划，而后者仍处于测试阶段其第一辆车。在我们最近对蔚来和菲斯克的报道中，我们向两家公司发出了买入信号。尽管我们为这两只股票设定的 12 个月价格目标表明菲斯克在短期内表现出类似的上涨潜力，但我们相信，由于其创新技术开发的价值不断增加，从长远来看，蔚来将产生更好的风险回报权衡。蔚来还进行了更安全的投资，因为其电动汽车和专有电池更换技术已经在中国和欧洲进行了尝试和测试，并证明了需求。</blockquote></p><p> <b>NIO’s Advantage with Innovation, Overseas Expansion, and a Differentiated Business Model</b></p><p><blockquote><b>蔚来在创新、海外扩张和差异化商业模式方面的优势</b></blockquote></p><p> In the span of just a little over three years, NIO has grown into one of the largest EV brands in China with more than 130,000 vehicles sold to date. Although delivery volumes have slowed in recent months due to ongoing volatility of global chip supply, NIO has continued to achieve strong double-digit year-over-year sales growth. New orders have also been consistently reaching all-time highs on a monthly basis, underpinning significant sales growth ahead as demand continues to ramp up rapidly.</p><p><blockquote>在短短三年多一点的时间里，蔚来已经发展成为中国最大的电动汽车品牌之一，迄今为止已售出超过13万辆汽车。尽管由于全球芯片供应持续波动，近几个月出货量有所放缓，但蔚来继续实现强劲的两位数同比销售额增长。每月新订单也持续创下历史新高，随着需求继续快速增长，支撑了未来的销售大幅增长。</blockquote></p><p> <b>Sales Boost by Innovation</b></p><p><blockquote><b>创新促进销售</b></blockquote></p><p> In addition to its diversified line-up of fully battery-powered EVs, NIO is best known for their development of battery swapping technology, in-vehicle artificial intelligence and autonomous driving.Its innovative accomplishments achieved to date are a testament to its vision of expanding beyond the horizons of just building electric cars, but also a comprehensive ecosystem that is driven by technology.</p><p><blockquote>除了其多元化的全电池驱动电动汽车产品线外，蔚来最出名的是其电池更换技术、车载人工智能和自动驾驶的开发。迄今为止，其取得的创新成就证明了其愿景，即不仅仅是制造电动汽车，而是一个由技术驱动的综合生态系统。</blockquote></p><p> Most recently, NIO announced the addition of a&nbsp;150 kWh solid-state battery pack&nbsp;to its current line-up of swappable batteries. NIO currently offers swappable 70 kWh and 100 kWh battery packs, which already enable a range capability of 300 miles and 435 miles, respectively. The newest 150 kWh solid-state battery pack, which is expected to enter commercial use in Q4 2022, will deliver range capability of more than 450 miles for the first-generation ES8 SUVs, and up to 620 miles for the newer and more efficient models. This would top current record-holder&nbsp;Lucid Motors’(LCID) range capability of 517 miles on a single charge. Paired with its proprietary battery swapping technology, which can switch a dead battery out for a fully charged one in under three minutes, NIO answers to two of the biggest roadblocks to global EV adoption – range anxiety and long charge times.</p><p><blockquote>最近，蔚来宣布在其当前的可更换电池阵容中添加 150 kWh 固态电池组。蔚来目前提供可更换的 70 kWh 和 100 kWh 电池组，续航里程分别为 300 英里和 435 英里。最新的 150 kWh 固态电池组预计将于 2022 年第四季度投入商业用途，第一代 ES8 SUV 的续航里程将超过 450 英里，更新、更高效的车型可达 620 英里。这将超过目前的纪录保持者 Lucid Motors（LCID）一次充电可行驶 517 英里的续航能力。与其专有的电池更换技术相结合，该技术可以在三分钟内将没电电池更换为充满电的电池，蔚来解决了全球电动汽车采用的两个最大障碍——里程焦虑和充电时间长。</blockquote></p><p></p><p> Although the average commute is typically less than 40 miles per day, most drivers have indicated a&nbsp;preference for EVs with higher range capability&nbsp;to preserve the “peace of mind” they have gotten used to with ICE vehicles. Charge time and charging infrastructure availability have also proven to be other critical considerations in the EV purchasing decision. Most Tesla owners have credited the accessible network of Supercharger fast-charging stations for their respective purchasing decisions, underpinning&nbsp;Tesla’s(TSLA) success in becoming the industry leader over the years. And NIO’s proprietary battery swapping technology enables the same growth prospects. In addition to its network of over 200 fast-charging&nbsp;Power Charger&nbsp;stations across China, NIO has also installed more than 300 Power Swap stations across the country, with a commitment to build&nbsp;4,000 more globally by 2025. NIO also one-ups Tesla by offering “Battery as a Service” (“BaaS”), which is a monthly subscription service that provides NIO owners with flexible options for battery upgrades based on personal budgets and travel needs. The increasing availability of its charging infrastructure, combined with the additional price-friendly and flexible battery options make NIO well-positioned to capture a larger share of the EV market in the long-run.</p><p><blockquote>虽然平均每天通勤里程通常不到 40 英里，但大多数驾驶员都表示更喜欢续航里程更高的电动汽车，以保持他们已经习惯了内燃机车辆的 “安心”。充电时间和充电基础设施的可用性也被证明是电动汽车购买决策中的其他关键考虑因素。大多数特斯拉车主都将各自的购买决策归功于无障碍的超级充电站网络，这也是特斯拉（TSLA）多年来成功成为行业领导者的基础。蔚来专有的电池更换技术也带来了同样的增长前景。除了遍布全国的200多个快速充电充电站网络外，蔚来还在全国安装了300多个换电站，并承诺到2025年在全球再建设4000个换电站。蔚来还推出了 “电池即服务 ”（BaaS），这是一项按月订阅服务，为蔚来车主提供根据个人预算和出行需求灵活升级电池的选择。其充电基础设施的可用性不断增加，加上额外的价格友好和灵活的电池选择，使蔚来处于有利地位，从长远来看可以占据电动汽车市场的更大份额。</blockquote></p><p> <b>Increasing Global Market Share</b></p><p><blockquote><b>增加全球市场份额</b></blockquote></p><p> The Chinese EV maker is also on track to making its Norway debut in a few weeks. Its first shipment of the ES8 to the new market has already arrived, and NIO has started offering test drives since August 30th&nbsp;in preparation for the grand opening of its first NIO House and delivery center overseas on&nbsp;September 23rd. The build-out of NIO’s sales and service network in Norway will continue into 2022, with four more locations to open across Bergen, Stavanger, Trondheim and Kristansand. In addition to the NIO House, the EV maker will also be deploying its proprietary swap stations across Norway, staying true to its commitment to offering NIO owners with a range-anxiety-free driving experience.</p><p><blockquote>这家中国电动汽车制造商也有望在几周内在挪威首次亮相。第一批运往新市场的ES8已经抵达，蔚来自8月30日起开始提供试驾服务，为9月23日在海外的首个蔚来之家和交付中心盛大开业做准备。蔚来在挪威的销售和服务网络建设将持续到 2022 年，还将在卑尔根、斯塔万格、特隆赫姆和克里斯坦桑开设四家分店。除了蔚来之家之外，这家电动汽车制造商还将在挪威各地部署其专有的交换站，履行其为蔚来车主提供无里程焦虑驾驶体验的承诺。</blockquote></p><p> NIO’s newest technological developments will also underpin its expansion plans across Europe, as the region continues to be one of the largest EV markets in the world, following closely behind China’s. The European Commission’s recent tightening of theiremissions standardsandemissions reduction targetsis expected to further accelerate mass-market EV adoption across the broader European markets in coming years, making NIO’s recent entry to the region a well-timed move. EV demand in Europe is expected to surge at a compounded annual growth rate (“CAGR”) of 25.4% towards amarket value of more than $143 billionthrough to 2027. And passenger EV makers like NIO are poised to be the largest beneficiaries. The passenger cars segment currently accounts for more than 80% of the European EV market, and is expected remain the leading driver of growth within the industry through to the end of the decade. In order to further its capitalization of the growing opportunities in Europe, NIO has recently hired a new CEO to lead NIO’s European operations, and is currently planning additional expansion into other regions includingGermanyandAmsterdam.</p><p><blockquote>蔚来的最新技术发展也将支撑其在欧洲的扩张计划，因为该地区仍然是世界上最大的电动汽车市场之一，紧随中国之后。欧盟委员会最近收紧了排放标准和减排目标，预计未来几年将进一步加快整个欧洲市场大众市场电动汽车的普及，这使得蔚来最近进入该地区的举措非常及时。到 2027 年，欧洲的电动汽车需求预计将以 25.4% 的复合年增长率 (CAGR) 激增，市场价值将超过 1,430 亿美元。蔚来等乘用车电动汽车制造商有望成为最大的受益者。乘用车细分市场目前占欧洲电动汽车市场的80%以上，预计到本十年末仍将是该行业增长的主要驱动力。为了进一步利用欧洲不断增长的机遇，蔚来最近聘请了一位新的首席执行官来领导蔚来的欧洲业务，目前正计划进一步扩展到德国和阿姆斯特丹等其他地区。</blockquote></p><p> Following its expansion into Europe, NIO also plans to step foot into the U.S. EV market. A recent interview by NIO’s founder and CEO, William Li, hints at the possibility of materializing its U.S. expansion plans within the ten-year horizon. Although U.S. EV sales currently lag behind China’s and Europe’s by a wide margin, the Biden administration’s recent push for electrification of the transportation sector makes the U.S. an opportunity-filled market with EV adoption rates to surge in the latter half of the decade. Preliminary estimates show that U.S. EV sales could grow at a CAGR of up to 30% towards a total of18 million EVs on American roadsby the end of the decade, representing approximately14% of projected global EV sales. These growth trends make strong tailwinds for NIO, with its potential entry into the U.S. market to coincide with the American EV market’s prime time.</p><p><blockquote>继进军欧洲之后，蔚来还计划进军美国电动汽车市场。蔚来创始人兼首席执行官 William Li 最近接受采访时暗示，有可能在十年内实现其在美国的扩张计划。尽管美国的电动汽车销量目前远远落后于中国和欧洲，但拜登政府最近大力推动交通部门的电气化，使美国成为一个充满机遇的市场，电动汽车的普及率将在本世纪后半期激增。初步估计显示，到本十年末，美国电动汽车销量的复合年增长率可能高达 30%，美国道路上的电动汽车总量将达到 1800 万辆，约占全球电动汽车预计销量的 14%。这些增长趋势为蔚来带来了强劲的推动力，其进入美国市场的潜在时间恰逢美国电动汽车市场的黄金时代。</blockquote></p><p> <b>Growing via Horizontal Expansion</b></p><p><blockquote><b>横向扩张增长</b></blockquote></p><p> The coming year is expected to be pivotal for NIO as it taps into the broader global market with new cars, a separate brand, and strategic investments into rival brands. During the second quarter earnings call, NIO announced the launch of two new EV models in addition to the previously announced ET7 sedan in 2022; one of which will become NIO’s lowest-priced offering. The EV maker also unveiled plans for a separate brand that will offer more affordably priced vehicles to drive higher mass-market appeal. The two newly announced strategies will be complementary to NIO’s near-term plans of expanding its presence in China’s smaller “Tier 3” cities, and competing head-on with Tesla’s best-selling Model Y/3.</p><p><blockquote>预计未来一年对蔚来来说将是至关重要的一年，因为它将通过新车、独立品牌以及对竞争对手品牌的战略投资进军更广泛的全球市场。在第二季度财报看涨期权上，蔚来宣布除了之前宣布的 ET7 轿车外，还将在 2022 年推出两款新的电动汽车车型；其中之一将成为蔚来最低价格的产品。这家电动汽车制造商还公布了推出独立品牌的计划，该计划将提供价格更实惠的车辆，以提高大众市场的吸引力。这两项新宣布的战略将与蔚来在中国较小的 “三线 ”城市扩大业务的近期计划相辅相成，并与特斯拉最畅销的 Y/3 车型正面竞争。</blockquote></p><p></p><p> NIO has also recently made aninvestment contribution to Lotus Technology, the EV unit of iconic British sportscar-maker, Lotus. As part of the strategic partnership, both NIO and Lotus will collaborate in developing “high-end intelligent EVs” and facilitate Lotus’ planned roll-out of new EV models over the next five years. It will also enable profit sharing for NIO as competition continues to rise within the sector.</p><p><blockquote>蔚来最近还对英国标志性跑车制造商路特斯旗下的电动汽车部门路特斯科技进行了投资。作为战略合作伙伴关系的一部分，蔚来和路特斯将合作开发 “高端智能电动汽车 ”，并促进路特斯计划在未来五年内推出新的电动汽车车型。随着该行业竞争的不断加剧，它还将使蔚来能够分享利润。</blockquote></p><p> <b>Fisker’s Entry to the Capital-Intensive Sector with an Asset Lite Model</b></p><p><blockquote><b>菲斯克以轻资产模式进入资本密集型行业</b></blockquote></p><p> In contrast to NIO’s established operations, Fisker’s production timeline continues to trail behind its peers with the flagship Ocean SUV still in testing phase. The company has recently reiterated its commitment to begin production of the Fisker Ocean in late 2022, with a full marketing campaign to roll-out in November. Aside from repeatedly confirming that the Ocean program is “on time and on budget”, the EV start-up has remained tight-lipped as usual on the vehicle’s technology and specs, with plans to reveal the production version of the vehicle at the LA Auto Show in November.</p><p><blockquote>与蔚来的成熟业务相比，菲斯克的生产时间表仍然落后于同行，旗舰 Ocean SUV 仍处于测试阶段。该公司最近重申了其在 2022 年底开始生产 Fisker Ocean 的承诺，并将于 11 月开展全面的营销活动。这家电动汽车初创公司除了一再确认 Ocean 计划 “按时、按预算 ”外，还一如既往地对该车的技术和规格守口如瓶，计划在 11 月的洛杉矶车展上展示该车的量产版。</blockquote></p><p> <b>Pre-Launch Momentum</b></p><p><blockquote><b>发射前动量</b></blockquote></p><p> To date, Fisker has secured over 17,500 reservations for the Ocean SUV. Considering each reservation is priced at $250, and only 90% refundable if cancelled, the volume of reservations acquired to date is a testament of strong public interest in the vehicle, given there has not been any information released on its technological capabilities yet. The pre-revenue EV start-up is aiming to acquire at least 25,000 reservations for the Fisker Ocean by the end of the year, with another 50,000 in 2022 to ensure a sell-out in 2023. The company has also turned to opportunities within the commercial landscape by acquiring fleet orders fromCredit Agricole Consumer Finance,Ontocar subscription services, andViggoride-hailing services. The achievements underscore its ability to ramp effectively once the Ocean SUV enters production phase in about 15 months.</p><p><blockquote>迄今为止，Fisker 已获得超过 17,500 辆 Ocean SUV 的预订。考虑到每次预订的价格为 250 美元，如果取消只能退款 90%，迄今为止获得的预订量证明了公众对该车的浓厚兴趣，因为尚未发布任何有关其技术能力的信息。这家收入前的电动汽车初创公司的目标是在今年年底前获得至少 25,000 个 Fisker Ocean 预订，2022 年再获得 50,000 个预订，以确保 2023 年售罄。该公司还通过从法国农业信贷银行消费金融公司、Ontocar 订阅服务和 Viggoride 打车服务获得车队订单，转向商业领域的机会。这些成就凸显了一旦Ocean SUV在大约15个月后进入生产阶段，其有效提升的能力。</blockquote></p><p> Like NIO and other rising EV start-ups, Fisker intends to adopt a direct sales strategy to maximize customer experience. Currently, Fisker plans to sell the Ocean in the U.S. and certain countries across Europe, including the U.K., Germany, Denmark, Norway and Sweden, first. And once additional models roll-out, the EV maker will likely make an entry into additional markets across Asia, including thefastest-growing Chinese market and India. Although specific details on its global expansion timeline are limited, Fisker’s international aspirations will be a critical factor to its long-term success.</p><p><blockquote>与蔚来和其他新兴电动汽车初创公司一样，菲斯克打算采用直销策略来最大限度地提高客户体验。目前，菲斯克计划首先在美国和欧洲某些国家销售Ocean，包括英国、德国、丹麦、挪威和瑞典。一旦更多车型推出，这家电动汽车制造商可能会进入亚洲其他市场，包括增长最快的中国市场和印度。虽然有关其全球扩张时间表的具体细节有限，但菲斯克的国际抱负将是其长期成功的关键因素。</blockquote></p><p> <b>Asset Lite Business Model</b></p><p><blockquote><b>轻资产商业模式</b></blockquote></p><p> Similar to NIO, Fisker does not produce its vehicles in-house. Instead, the EV start-up implements an “asset lite” business model, which has bolstered its incredible strength in cost management – with the Ocean Program to be fully funded by the $1 billion proceeds from its SPAC merger last year, and only 15 months away from start of production, Fisker’s balance sheet still boasts a cash balance of more than $962 million. The asset lite business model helps Fisker bypass the capital-intensive nature of car-making by requiring it to co-develop its vehicles and platforms with renowned manufacturing partners and suppliers. And to avoid the typical cost inefficiencies that accompany outsourced manufacturing arrangements, Fisker ensures its production partners have “equal skin in the game” by either offering equity stake in the company or ensuring the project is a joint-venture investment. The carmaker has also been highly selective in the process of choosing its strategic partners, and only works with the most reputable and experienced in the industry to ensure quality control.</p><p><blockquote>与蔚来类似，菲斯克也不在内部生产车辆。相反，这家电动汽车初创公司实施的是 “轻资产 ”的商业模式，这增强了其在成本管理方面令人难以置信的实力--海洋计划的全部资金来自去年 SPAC 合并的 10 亿美元收益，而距离投产仅剩 15 个月，菲斯克的资产负债表上仍有超过 9.62 亿美元的现金余额。asset lite 商业模式要求 Fisker 与知名制造合作伙伴和供应商共同开发汽车和平台，从而帮助 Fisker 绕过汽车制造的资本密集型性质。为了避免外包制造安排带来的典型成本低效率，菲斯克通过提供公司股权或确保项目是合资投资，确保其生产合作伙伴 “在游戏中享有平等的地位”。该汽车制造商在选择战略合作伙伴的过程中也非常挑剔，只与业内最有声誉和经验的合作伙伴合作，以确保质量控制。</blockquote></p><p> The Ocean SUV will be manufactured by Magna, one of the largest auto manufacturers in the world. Together, the two companies have co-developed the FM 29 platform that will drive the Ocean SUV and additional EV models in the future. In exchange, Magna is offered a 6% stake in Fisker, exercisable through achievement of “interrelated performance conditions” (pg. 97 of the2020 10K). Magna has also opened several Fisker-dedicated operational areas at the carbon-neutral facility in Graz, Austria to facilitate theirlong-term manufacturing agreementthrough to 2029. The facilities will allocate annual production capacity of well over 100,000 vehicles at full ramp up to Fisker.</p><p><blockquote>Ocean SUV将由全球最大的汽车制造商之一麦格纳制造。两家公司共同开发了 FM 29 平台，该平台将在未来驱动 Ocean SUV 和其他电动汽车车型。作为交换，麦格纳将获得 Fisker 6% 的股份，可通过实现 “相互关联的业绩条件”（2020 年 10K 第 97 页）来行使。麦格纳还在奥地利格拉茨的碳中和工厂开设了几个菲斯克专用运营区域，以促进他们到 2029 年的长期制造协议。这些工厂将向菲斯克分配超过 100,000 辆汽车的年产能，并满负荷运转。</blockquote></p><p></p><p> In addition to the Ocean SUV, Fisker is also working with Foxconn on the production of their second model,PEAR, and its underlying FP 28 platform. The unique deal structure requires Foxconn to provide investments in areas related to the manufacturing process and the technology supply chain, while Fisker will lead on the design process, product development and go-to-market strategies. The PEAR is expected to be a new-segment vehicle that will “revolutionize” the electric vehicle driving experience. The new vehicle is scheduled to enter production in late 2023, with a price tag of $30,000 before tax incentives. Fisker and Foxconn are currently finalizing plans on amanufacturing site in the U.S.that could handle a production capacity of up to 150,000 units annually. And in the long-run, the partners plan to manufacture and sell at least 250,000 units of the PEAR per year globally upon full production ramp up.</p><p><blockquote>除了 Ocean SUV 之外，Fisker 还与富士康合作生产第二款车型 PEAR 及其底层 FP 28 平台。独特的交易结构要求富士康在制造工艺和技术供应链相关领域提供投资，而菲斯克将在设计流程、产品开发和上市战略方面发挥主导作用。PEAR 有望成为一款新的细分市场汽车，它将 “彻底改变 ”电动汽车的驾驶体验。新车计划于2023年底投产，税前售价为3万美元。菲斯克和富士康目前正在敲定美国制造基地的计划，该基地的年产能可达 150,000 台。从长远来看，合作伙伴计划在全面提高产量后，每年在全球生产和销售至少 250,000 个梨。</blockquote></p><p> Aside from its production partners, Fisker has also forged strategic partnerships with critical component suppliers and after-sales service providers.Bridgestone Tireshas recently been selected as the exclusive tire partner for the Fisker Ocean, while another undisclosed battery cell manufacturer, who is one of the five largest in the world, will supply the battery packs.Sharphas also been engaged as the designated developer and supplier of interior display systems for up to four Fisker EV models. As for after-sales service partners, Fisker has recently made a $10 million private investment in public equity (“PIPE”) supporting the upcoming reverse merger ofAllego, a European EV charging network, with Spartan Acquisition Corp, III. The strategic investment will pave the way for efficient access to charging infrastructure for Fisker customers in Europe, a critical element in attracting sales and growing its market share. Fisker has also madeElectrify Americaits official charging partner for the U.S. market. The partnership will offer Fisker vehicle owners with exclusive package rates across more than 3,500 Electrify America chargers in the U.S. Other after-sales service partners include theMekonomen GroupandCox Automotive and Rivus Fleet Solutions, which will facilitate Fisker’s logistics and maintenance services in Europe.</p><p><blockquote>除了生产合作伙伴外，Fisker 还与关键零部件供应商和售后服务提供商建立了战略合作伙伴关系。普利司通轮胎最近被选为 Fisker Ocean 的独家轮胎合作伙伴，而另一家未公开的电池制造商是全球五大制造商之一，将供应电池组。Sharphas 还被聘为多达四款 Fisker EV 车型车内显示系统的指定开发商和供应商。至于售后服务合作伙伴，菲斯克最近进行了 1000 万美元的公共股本私人投资（“PIPE”），以支持欧洲电动汽车充电网络 Fallego 与 Spartan Acquisition Corp, III 即将进行的反向合并。这项战略投资将为欧洲菲斯克客户高效接入充电基础设施铺平道路，这是吸引销售和扩大市场份额的关键因素。Fisker 还让 Electrify Americait 成为美国市场的官方充电合作伙伴。此次合作将为 Fisker 车主提供美国 3,500 多个 Electrify America 充电器的独家套餐价格。其他售后服务合作伙伴包括 theMekonomen 集团、Cox Automotive 和 Rivus Fleet Solutions，它们将为 Fisker 在欧洲的物流和维护服务提供便利。</blockquote></p><p> <b>Financial ProspectsNIO</b></p><p><blockquote><b>财务展望蔚来汽车</b></blockquote></p><p> Despite NIO’s recent decision to adjust its third-quarter delivery guidance from 23,000 to 25,000 vehicles down to 22,500 to 23,500 vehicles due to ongoing volatility of chip supply, we are expecting the company to keep progressing in line with ourearlier coverage. With close to 56,000 vehicles already delivered this year and new orders reaching an all-time high, NIO is expected to complete approximately 88,000 deliveries by the end of the year. This is expected to yield vehicle sales of RMB 32.6 billion ($5.0 billion) by the end of the year based on average vehicle revenue of RMB 367,000 ($56,635), which is consistent with NIO’s sales mix and pricing strategy observed in recent quarters. The projection also takes into consideration NIO’s upcoming debut in Norway, which will top-up on domestic sales growth expectations in the fourth quarter. Our base-case forecast projects NIO’s vehicle sales to further expand at a CAGR of 30.4% towards RMB 461.4 billion ($71.2 billion) by 2030. The growth assumption is consistent with global EV demand growth trends, as well as NIO’s historical performance and ongoing market share expansion initiatives.</p><p><blockquote>尽管由于芯片供应持续波动，蔚来最近决定将第三季度交付量指引从 23,000 至 25,000 辆调整为 22,500 至 23,500 辆，但我们预计该公司将继续按照我们之前的报道取得进展。今年已交付近 56,000 辆汽车，新订单创历史新高，蔚来预计到今年年底将完成约 88,000 辆的交付。根据平均汽车收入 36.7 万元人民币（56635 美元）计算，预计到今年年底，汽车销量将达到 326 亿元人民币（50 亿美元），这与蔚来最近几个季度的销售结构和定价策略一致。这一预测还考虑到了蔚来即将在挪威的首次亮相，这将补充第四季度国内销售增长的预期。根据我们的基本情况预测，到 2030 年，蔚来汽车销量将以 30.4% 的复合年增长率进一步扩大，达到 4614 亿元人民币（约合 712 亿美元）。增长假设与全球电动汽车需求增长趋势、蔚来的历史业绩和持续的市场份额扩张举措一致。</blockquote></p><p> NIO’s achievements in battery and autonomous driving technology enhancement will also underpin growth in its other sales revenues. Other sales revenues, which are primarily generated from BaaS and “Autonomous Driving as a Service” (“ADaaS”), are expected to grow in line with vehicle sales at a CAGR of 30.0% from RMB 2.3 billion ($352.1 million) by the end of the year to RMB 31.5 billion ($4.9 billion) by 2030.</p><p><blockquote>蔚来在电池和自动驾驶技术增强方面取得的成就也将支撑其其他销售收入的增长。其他销售收入主要来自 BaaS 和 “自动驾驶即服务 ”（“ADaaS”），预计将与汽车销量同步增长，复合年增长率为 30.0%，从年底的 23 亿元人民币（3.521 亿美元）增长到 2030 年的 315 亿元人民币（49 亿美元）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18d9287432802922a3c8c4a9e7cfab94\" tg-width=\"640\" tg-height=\"208\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal financial forecast (NIO_-_Forecasted_Financial_Information.pdf).</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者，数据来自我们的内部财务预测（NIO_-_Forecasted_Financial_Information.pdf）。</span></p></blockquote></p><p> NIO’s net losses are expected to further narrow towards 2024 as margins continue to expand with sales ramp up and scale. Nominal profits of RMB 8.2 billion ($1.3 billion) are forecasted for 2025, with growth at a CAGR of 36.8% towards RMB 39.3 billion ($6.1 billion) by the end of the decade.</p><p><blockquote>随着销售额的增长和规模的扩大，蔚来的净亏损预计将在 2024 年进一步收窄。预计 2025 年名义利润将达到 82 亿元人民币（13 亿美元），到本十年末，复合年增长率为 36.8%，达到 393 亿元人民币（61 亿美元）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/38a9a5037c6bb2e491a0d94c890d8f57\" tg-width=\"640\" tg-height=\"241\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal financial forecasts. Please refer to our previous analysis for a detailed breakdown of NIO’s projected cost structure.</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者，数据来自我们的内部财务预测。请参阅我们之前的分析，了解蔚来预计成本结构的详细明细。</span></p></blockquote></p><p> <i>i. Base Case Financial Forecast:</i></p><p><blockquote><i>i.基本案例财务预测：</i></blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/48d96e680fc2537af9310d2ac9506ddd\" tg-width=\"640\" tg-height=\"179\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal financial forecast.</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者，数据来自我们的内部财务预测。</span></p></blockquote></p><p> <b>Fisker</b></p><p><blockquote><b>渔夫</b></blockquote></p><p> On the other hand, our base-case forecast projects delivery of at least 40,000 Fisker Ocean SUVs across the U.S. and Europe in 2023 following the start of production, which is consistent with management’s original sales guidance and production volume estimates. With the Fisker Ocean’s middle-trim priced between $50,000 to $55,000 expected to be the best-seller, the flagship SUV is forecasted to generate $2.1 billion of revenues for the carmaker in 2023. And based on ramped-up production capacity of at least 5,000 units per month starting in 2023, we are projecting sales of at least 60,000 units of the Fisker Ocean by 2024, totaling $3.3 billion in projected revenues. Ocean sales are forecasted to grow further at a CAGR of 22.5% towards $11.1 billion by 2030. The growth assumption is consistent with Fisker’s intentions to expand into Asia-Pacific regions in the long-run, as well as&nbsp;market expectations on the rise of global EV demand.</p><p><blockquote>另一方面，我们的基本预测预计 2023 年投产后，菲斯克海洋 SUV 将在美国和欧洲交付至少 40,000 辆，这与管理层最初的销售指导和产量估计一致。Fisker Ocean 的中档车型售价在 5 万至 5.5 万美元之间，预计将成为最畅销的车型，预计这款旗舰 SUV 将在 2023 年为该汽车制造商带来 21 亿美元的收入。基于从 2023 年开始每月至少 5,000 辆的产能提升，我们预计到 2024 年 Fisker Ocean 的销量将至少达到 60,000 辆，预计总收入为 33 亿美元。预计到 2030 年，海洋销售额将以 22.5% 的复合年增长率进一步增长，达到 111 亿美元。这一增长假设与菲斯克向亚太地区扩张的长期意图以及市场对全球电动汽车需求增长的预期相一致。</blockquote></p><p> The PEAR model, which is expected to commence production and deliveries in late 2023, is forecasted to add an additional $1.8 billion to revenues in 2024. With aspirations to produce and sellat least 250,000 unitsof the PEAR annually in the long-run, Fisker is expected to generate PEAR revenues of $6.1 billion by the end of the decade. This accordingly translates to PEAR revenue growth at a CAGR of 22.5% from 2024 to 2030, which is consistent with Fisker’s sales guidance per itsInvestor Presentationand global EV market growth trends.</p><p><blockquote>PEAR 车型预计将于 2023 年底开始生产和交付，预计到 2024 年将额外增加 18 亿美元的收入。从长远来看，菲斯克的目标是每年生产和销售至少 250,000 个梨，预计到本十年末，梨收入将达到 61 亿美元。因此，从 2024 年到 2030 年，PEAR 的收入将以 22.5% 的复合年增长率增长，这与 Fisker 根据其投资者演示和全球电动汽车市场增长趋势提出的销售指导一致。</blockquote></p><p> Fisker also plans to launch two more vehicles in addition to the Ocean and PEAR before 2025. With a planned average sales price of $59,000 and a goal of selling 200,000 to 250,000 vehicles by the end of 2025, our base case forecast projects total revenues of $8.5 billion by then. Total revenues are expected to further expand at a CAGR of 25.6% towards $21.2 billion by 2030. Note that projected total revenues also include nominal merchandise sales of approximately $100,000 per year.</p><p><blockquote>除了 Ocean 和 PEAR 之外，Fisker 还计划在 2025 年前再推出两款车辆。计划平均售价为 59,000 美元，目标是到 2025 年底销售 200,000 至 250,000 辆汽车，我们的基本案例预测预计届时总收入将达到 85 亿美元。预计到 2030 年，总收入将以 25.6% 的复合年增长率进一步增长，达到 212 亿美元。请注意，预计总收入还包括每年约100,000美元的名义商品销售额。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f6086733e59a4a20b8540494d0e688e2\" tg-width=\"640\" tg-height=\"246\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal financial forecast.</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者，数据来自我们的内部财务预测。</span></p></blockquote></p><p> With Fisker’s margins to continuously improve after start of productions with cost-efficiencies enabled by its asset lite business model, our base-case forecast projects narrowing net losses from $380.0 million by the end of the year to $290.8 million by 2022. The EV start-up is expected to start realizing profits of $197.9 million starting in 2023, with further growth towards $774.3 million by 2025 when all four anticipated EV models enter production, and towards $1.95 billion by 2030.</p><p><blockquote>Fisker 的利润率在投产后将不断提高，其轻资产商业模式带来的成本效益，我们的基本案例预测预计到 2022 年，净亏损将从年底的 3.80 亿美元缩小到 2.908 亿美元。这家电动汽车初创公司预计从 2023 年开始实现利润 1.979 亿美元，到 2025 年，当所有四款预期电动汽车车型全部投入生产时，利润将进一步增长至 7.743 亿美元，到 2030 年将达到 19.5 亿美元。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9412fb3be94fd83ecc56715bc26b414a\" tg-width=\"640\" tg-height=\"200\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal financial forecasts. Please refer to our previous analysis for a detailed breakdown of Fisker’s projected cost structure.</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者，数据来自我们的内部财务预测。请参阅我们之前的分析，了解 Fisker 预计成本结构的详细明细。</span></p></blockquote></p><p> <i>i. Base Case Financial Forecast:</i></p><p><blockquote><i>i.基本案例财务预测：</i></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/967dab57068b839e32c04b2d47260942\" tg-width=\"640\" tg-height=\"206\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal valuation analysis.</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者，数据来自我们的内部估值分析。</span></p></blockquote></p><p> Consistent with our&nbsp;recent&nbsp;analyses&nbsp;performed on both stocks, our 12-month price targets for NIO and Fisker remain at $59.74 and $20.61, respectively. These projections represent upside potential of close to 48% for both stocks based on their last traded share price on September 3rd.</p><p><blockquote>与我们最近对这两只股票进行的分析一致，我们对蔚来和菲斯克的 12 个月目标价分别保持在 59.74 美元和 20.61 美元。根据 9 月 3 日的最后一次交易股价，这些预测表明这两只股票的上涨潜力接近 48%。</blockquote></p><p> We have performed a discounted cash flow (“DCF”) analysis to determine the respective 12-month price targets for NIO and Fisker. Specifically, we have used projected free cash flows up to 2025 in the DCF analysis to reflect the valuation expectations on both companies’ near-term growth initiatives.</p><p><blockquote>我们已进行贴现现金流（“贴现现金流”）分析，以厘定蔚来及菲斯克各自的12个月价格目标。具体来说，我们在 DCF 分析中使用了截至 2025 年的预计自由现金流，以反映两家公司近期增长计划的估值预期。</blockquote></p><p> For NIO’s valuation analysis, we have applied a WACC of 11.9% to discount the projected free cash flows. The valuation assumption is consistent with the company’s current risk profile, taking into consideration its highly leveraged balance sheet and recent volatility in its price performance given uncertainties over the Chinese regulatory landscape. The valuation analysis also assumes a 90.6x EV/EBITDA multiple, which reflects NIO’s achievements in proprietary technology development in addition to EV sales, as well as ongoing growth initiatives and business outlook. This compares to the EV/EBITDA range of 70.9x to 111.2x observed across its industry peers.</p><p><blockquote>对于蔚来的估值分析，我们采用了 11.9% 的 WACC 来贴现预计的自由现金流。考虑到公司的高杠杆资产负债表以及中国监管环境的不确定性导致的近期价格表现波动，估值假设与公司目前的风险状况一致。估值分析还假设 EV/EBITDA 倍数为 90.6 倍，这反映了蔚来除电动汽车销售外，在专有技术开发方面取得的成就，以及持续的增长计划和业务前景。相比之下，行业同行的 EV/EBITDA 范围为 70.9 倍至 111.2 倍。</blockquote></p><p> <i>i. Near-Term Valuation Analysis – NIO:</i></p><p><blockquote><i>一、近期估值分析-蔚来：</i></blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/89d32cdceadf5ef5899705290bf42593\" tg-width=\"640\" tg-height=\"282\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal valuation analysis.</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者，数据来自我们的内部估值分析。</span></p></blockquote></p><p> On the other hand, we have applied a WACC of 13.4% to discount the projected free cash flows of Fisker to compute the stock’s 12-month price target. Although the company has largely remained debt-free with sufficient liquidity to complete the Ocean program, the company is a relatively riskier investment compared to NIO considering itisa pre-revenue and pre-production start-up. The WACC also considers Fisker’s recent announcement to fund the PEAR program with a new private debt offering of $625 million at 2.50% due in 2026. The valuation analysis assumes a 13.6x EV/EBITDA multiple, which is consistent with those of EV start-ups that are still in pre-revenue and testing phase, and have recently completed a reverse SPAC merger. The valuation multiple applied also reflects Fisker’s smaller scale of operations in terms of sales capacity, as well as technological developments in comparison to NIO and other established EV makers in the industry.</p><p><blockquote>另一方面，我们采用了 13.4% 的 WACC 来贴现 Fisker 的预计自由现金流，以计算该股 12 个月的目标价。尽管该公司基本上没有债务，有足够的流动性来完成海洋计划，但考虑到 itisa 预收入和预生产启动，与蔚来相比，该公司是一项风险相对较高的投资。WACC 还考虑了 Fisker 最近宣布的 6.25 亿美元新的私人债务发行，利率为 2.50%，将于 2026 年到期，为 PEAR 计划提供资金。估值分析假设 EV/EBITDA 倍数为 13.6 倍，这与仍处于收入前和测试阶段且最近完成反向 SPAC 合并的电动汽车初创企业的倍数一致。所采用的估值倍数还反映了菲斯克在销售能力方面的经营规模较小，以及与蔚来和业内其他老牌电动汽车制造商相比的技术发展。</blockquote></p><p> <i>ii. Near-Term Valuation Analysis – Fisker:</i></p><p><blockquote><i>二、近期估值分析——菲斯克：</i></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/844570c70f1d3c319436280658c72dd5\" tg-width=\"640\" tg-height=\"330\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal valuation analysis.</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者，数据来自我们的内部估值分析。</span></p></blockquote></p><p> Over the next five years, we foresee NIO and Fisker’s share price to reach as high as$160and$39, respectively. The long-term valuations prescribed reflect both companies’ estimated intrinsic values upon realization of their respective growth aspirations set out for the next five to ten years. For Fisker, these initiatives include full materialization of launching four EV models before 2025 with expansion into Asia-Pacific regions, as well as achieving positive operating cash flow and profits. And for NIO, the projected long-term valuation also captures the additional value generated from its technological advancements, including the global build-out of battery swap stations, development of long-range solid-state batteries, and materialization oflevel four autonomous driving technology.</p><p><blockquote>在未来五年内，我们预计蔚来和菲斯克的股价将分别达到 160 美元和 39 美元。规定的长期估值反映了两家公司在实现各自未来五到十年的增长愿望后的估计内在价值。对于菲斯克来说，这些举措包括在 2025 年之前全面实现推出四款电动汽车车型，并扩展到亚太地区，以及实现正的运营现金流和利润。对于蔚来来说，预计的长期估值还体现了其技术进步所产生的附加值，包括全球电池换电站的建设、远程固态电池的开发以及四级自动驾驶技术的实现。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> While accelerated global EV adoption trends underscore high-growth opportunities for both stocks, NIO makes a better long-term investment given its established operations and proprietary technological developments. But near-term catalysts for both stocks should not be overlooked. NIO’s official opening of its Norway operations in two weeks and Fisker’s reveal of the Ocean SUV’s production version in November are expected to underpin additional upsides for their respective price performances in the next twelve months. This makes both stocks attractive options at current price levels for those looking to capitalize on their growth potentials.</p><p><blockquote>虽然全球电动汽车采用趋势的加速凸显了这两只股票的高增长机会，但鉴于其既定的运营和专有技术开发，蔚来进行了更好的长期投资。但这两只股票的近期催化剂不容忽视。蔚来将在两周后正式开设挪威业务，菲斯克将在 11 月发布 Ocean SUV 的量产版，预计这将进一步提升两家公司各自在未来 12 个月的价格表现。这使得这两只股票在当前价格水平上都成为那些希望利用其增长潜力的人的有吸引力的选择。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4454103-fisker-vs-nio-ev-stock-better-buy\">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":{"NIO":"蔚来","FSR":"菲斯克"},"source_url":"https://seekingalpha.com/article/4454103-fisker-vs-nio-ev-stock-better-buy","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158905975","content_text":"Summary\n\nImproving battery technology, greater charging infrastructure availability, and increasing price parity with ICE vehicles have supercharged electric vehicle (“EV”) adoption in recent years.\nGlobal EV sales have surged by over 40% in 2020, and are poised to reach newer heights this year, making it an exciting investment opportunity.\nBut the growing number of EV stocks, ranging from established EV makers to pre-revenue start-ups, have made it increasingly difficult to determine which makes a better investment.\nA similar investment dilemma applies to NIO and Fisker, with one being a leading EV brand in China, and the other still in pre-revenue and pre-production phase.\nWhile our outlook remains bullish on both stocks, we believe NIO makes a higher-growth long-term investment due to the increasing value ascribed to its proprietary technology, including battery swaps and autonomous driving.\n\nAndy Feng/iStock Editorial via Getty Images\nImproving battery technology, greater charging infrastructure availability, and increasing price parity with ICE vehicles have supercharged electric vehicle (“EV”) adoption in recent years. The EV industry has emerged as one of the fastest-growing segments of the 21stcentury – while global car sales suffered from an unprecedented slump during 2020 due to COVID-related lockdowns and economic uncertainty,EV sales surged by over 40% from 2019. And EV sales are poised to reach newer heights this year, making it an exciting investment opportunity that many have set their eyes on.\nBut the growing number of options, ranging from established EV makers to pre-revenue early-stage EV start-ups, have made it increasingly difficult to determine which makes a higher growth investment. A similar investment dilemma applies to NIO (NIO) and Fisker (FSR), where the former has already emerged as one of the leading EV brands in China with ongoing plans for overseas expansion, while the latter is still in testing phase for its first vehicle. In our most recent coverage of NIO and Fisker, we have assigned both companies a buy signal. Although the 12-month price targets we have set for both stocks would indicate that Fisker exhibits similar upside potential in the near-term, we believe NIO would generate a better risk-return tradeoff over the long-run due to the increasing value of its innovative technology developments. NIO also makes a safer investment considering its EVs and proprietary battery swapping technology have already been tried and tested with proven demand in both China and Europe.\nNIO’s Advantage with Innovation, Overseas Expansion, and a Differentiated Business Model\nIn the span of just a little over three years, NIO has grown into one of the largest EV brands in China with more than 130,000 vehicles sold to date. Although delivery volumes have slowed in recent months due to ongoing volatility of global chip supply, NIO has continued to achieve strong double-digit year-over-year sales growth. New orders have also been consistently reaching all-time highs on a monthly basis, underpinning significant sales growth ahead as demand continues to ramp up rapidly.\nSales Boost by Innovation\nIn addition to its diversified line-up of fully battery-powered EVs, NIO is best known for their development of battery swapping technology, in-vehicle artificial intelligence and autonomous driving.Its innovative accomplishments achieved to date are a testament to its vision of expanding beyond the horizons of just building electric cars, but also a comprehensive ecosystem that is driven by technology.\nMost recently, NIO announced the addition of a 150 kWh solid-state battery pack to its current line-up of swappable batteries. NIO currently offers swappable 70 kWh and 100 kWh battery packs, which already enable a range capability of 300 miles and 435 miles, respectively. The newest 150 kWh solid-state battery pack, which is expected to enter commercial use in Q4 2022, will deliver range capability of more than 450 miles for the first-generation ES8 SUVs, and up to 620 miles for the newer and more efficient models. This would top current record-holder Lucid Motors’(LCID) range capability of 517 miles on a single charge. Paired with its proprietary battery swapping technology, which can switch a dead battery out for a fully charged one in under three minutes, NIO answers to two of the biggest roadblocks to global EV adoption – range anxiety and long charge times.\nAlthough the average commute is typically less than 40 miles per day, most drivers have indicated a preference for EVs with higher range capability to preserve the “peace of mind” they have gotten used to with ICE vehicles. Charge time and charging infrastructure availability have also proven to be other critical considerations in the EV purchasing decision. Most Tesla owners have credited the accessible network of Supercharger fast-charging stations for their respective purchasing decisions, underpinning Tesla’s(TSLA) success in becoming the industry leader over the years. And NIO’s proprietary battery swapping technology enables the same growth prospects. In addition to its network of over 200 fast-charging Power Charger stations across China, NIO has also installed more than 300 Power Swap stations across the country, with a commitment to build 4,000 more globally by 2025. NIO also one-ups Tesla by offering “Battery as a Service” (“BaaS”), which is a monthly subscription service that provides NIO owners with flexible options for battery upgrades based on personal budgets and travel needs. The increasing availability of its charging infrastructure, combined with the additional price-friendly and flexible battery options make NIO well-positioned to capture a larger share of the EV market in the long-run.\nIncreasing Global Market Share\nThe Chinese EV maker is also on track to making its Norway debut in a few weeks. Its first shipment of the ES8 to the new market has already arrived, and NIO has started offering test drives since August 30th in preparation for the grand opening of its first NIO House and delivery center overseas on September 23rd. The build-out of NIO’s sales and service network in Norway will continue into 2022, with four more locations to open across Bergen, Stavanger, Trondheim and Kristansand. In addition to the NIO House, the EV maker will also be deploying its proprietary swap stations across Norway, staying true to its commitment to offering NIO owners with a range-anxiety-free driving experience.\nNIO’s newest technological developments will also underpin its expansion plans across Europe, as the region continues to be one of the largest EV markets in the world, following closely behind China’s. The European Commission’s recent tightening of theiremissions standardsandemissions reduction targetsis expected to further accelerate mass-market EV adoption across the broader European markets in coming years, making NIO’s recent entry to the region a well-timed move. EV demand in Europe is expected to surge at a compounded annual growth rate (“CAGR”) of 25.4% towards amarket value of more than $143 billionthrough to 2027. And passenger EV makers like NIO are poised to be the largest beneficiaries. The passenger cars segment currently accounts for more than 80% of the European EV market, and is expected remain the leading driver of growth within the industry through to the end of the decade. In order to further its capitalization of the growing opportunities in Europe, NIO has recently hired a new CEO to lead NIO’s European operations, and is currently planning additional expansion into other regions includingGermanyandAmsterdam.\nFollowing its expansion into Europe, NIO also plans to step foot into the U.S. EV market. A recent interview by NIO’s founder and CEO, William Li, hints at the possibility of materializing its U.S. expansion plans within the ten-year horizon. Although U.S. EV sales currently lag behind China’s and Europe’s by a wide margin, the Biden administration’s recent push for electrification of the transportation sector makes the U.S. an opportunity-filled market with EV adoption rates to surge in the latter half of the decade. Preliminary estimates show that U.S. EV sales could grow at a CAGR of up to 30% towards a total of18 million EVs on American roadsby the end of the decade, representing approximately14% of projected global EV sales. These growth trends make strong tailwinds for NIO, with its potential entry into the U.S. market to coincide with the American EV market’s prime time.\nGrowing via Horizontal Expansion\nThe coming year is expected to be pivotal for NIO as it taps into the broader global market with new cars, a separate brand, and strategic investments into rival brands. During the second quarter earnings call, NIO announced the launch of two new EV models in addition to the previously announced ET7 sedan in 2022; one of which will become NIO’s lowest-priced offering. The EV maker also unveiled plans for a separate brand that will offer more affordably priced vehicles to drive higher mass-market appeal. The two newly announced strategies will be complementary to NIO’s near-term plans of expanding its presence in China’s smaller “Tier 3” cities, and competing head-on with Tesla’s best-selling Model Y/3.\nNIO has also recently made aninvestment contribution to Lotus Technology, the EV unit of iconic British sportscar-maker, Lotus. As part of the strategic partnership, both NIO and Lotus will collaborate in developing “high-end intelligent EVs” and facilitate Lotus’ planned roll-out of new EV models over the next five years. It will also enable profit sharing for NIO as competition continues to rise within the sector.\nFisker’s Entry to the Capital-Intensive Sector with an Asset Lite Model\nIn contrast to NIO’s established operations, Fisker’s production timeline continues to trail behind its peers with the flagship Ocean SUV still in testing phase. The company has recently reiterated its commitment to begin production of the Fisker Ocean in late 2022, with a full marketing campaign to roll-out in November. Aside from repeatedly confirming that the Ocean program is “on time and on budget”, the EV start-up has remained tight-lipped as usual on the vehicle’s technology and specs, with plans to reveal the production version of the vehicle at the LA Auto Show in November.\nPre-Launch Momentum\nTo date, Fisker has secured over 17,500 reservations for the Ocean SUV. Considering each reservation is priced at $250, and only 90% refundable if cancelled, the volume of reservations acquired to date is a testament of strong public interest in the vehicle, given there has not been any information released on its technological capabilities yet. The pre-revenue EV start-up is aiming to acquire at least 25,000 reservations for the Fisker Ocean by the end of the year, with another 50,000 in 2022 to ensure a sell-out in 2023. The company has also turned to opportunities within the commercial landscape by acquiring fleet orders fromCredit Agricole Consumer Finance,Ontocar subscription services, andViggoride-hailing services. The achievements underscore its ability to ramp effectively once the Ocean SUV enters production phase in about 15 months.\nLike NIO and other rising EV start-ups, Fisker intends to adopt a direct sales strategy to maximize customer experience. Currently, Fisker plans to sell the Ocean in the U.S. and certain countries across Europe, including the U.K., Germany, Denmark, Norway and Sweden, first. And once additional models roll-out, the EV maker will likely make an entry into additional markets across Asia, including thefastest-growing Chinese market and India. Although specific details on its global expansion timeline are limited, Fisker’s international aspirations will be a critical factor to its long-term success.\nAsset Lite Business Model\nSimilar to NIO, Fisker does not produce its vehicles in-house. Instead, the EV start-up implements an “asset lite” business model, which has bolstered its incredible strength in cost management – with the Ocean Program to be fully funded by the $1 billion proceeds from its SPAC merger last year, and only 15 months away from start of production, Fisker’s balance sheet still boasts a cash balance of more than $962 million. The asset lite business model helps Fisker bypass the capital-intensive nature of car-making by requiring it to co-develop its vehicles and platforms with renowned manufacturing partners and suppliers. And to avoid the typical cost inefficiencies that accompany outsourced manufacturing arrangements, Fisker ensures its production partners have “equal skin in the game” by either offering equity stake in the company or ensuring the project is a joint-venture investment. The carmaker has also been highly selective in the process of choosing its strategic partners, and only works with the most reputable and experienced in the industry to ensure quality control.\nThe Ocean SUV will be manufactured by Magna, one of the largest auto manufacturers in the world. Together, the two companies have co-developed the FM 29 platform that will drive the Ocean SUV and additional EV models in the future. In exchange, Magna is offered a 6% stake in Fisker, exercisable through achievement of “interrelated performance conditions” (pg. 97 of the2020 10K). Magna has also opened several Fisker-dedicated operational areas at the carbon-neutral facility in Graz, Austria to facilitate theirlong-term manufacturing agreementthrough to 2029. The facilities will allocate annual production capacity of well over 100,000 vehicles at full ramp up to Fisker.\nIn addition to the Ocean SUV, Fisker is also working with Foxconn on the production of their second model,PEAR, and its underlying FP 28 platform. The unique deal structure requires Foxconn to provide investments in areas related to the manufacturing process and the technology supply chain, while Fisker will lead on the design process, product development and go-to-market strategies. The PEAR is expected to be a new-segment vehicle that will “revolutionize” the electric vehicle driving experience. The new vehicle is scheduled to enter production in late 2023, with a price tag of $30,000 before tax incentives. Fisker and Foxconn are currently finalizing plans on amanufacturing site in the U.S.that could handle a production capacity of up to 150,000 units annually. And in the long-run, the partners plan to manufacture and sell at least 250,000 units of the PEAR per year globally upon full production ramp up.\nAside from its production partners, Fisker has also forged strategic partnerships with critical component suppliers and after-sales service providers.Bridgestone Tireshas recently been selected as the exclusive tire partner for the Fisker Ocean, while another undisclosed battery cell manufacturer, who is one of the five largest in the world, will supply the battery packs.Sharphas also been engaged as the designated developer and supplier of interior display systems for up to four Fisker EV models. As for after-sales service partners, Fisker has recently made a $10 million private investment in public equity (“PIPE”) supporting the upcoming reverse merger ofAllego, a European EV charging network, with Spartan Acquisition Corp, III. The strategic investment will pave the way for efficient access to charging infrastructure for Fisker customers in Europe, a critical element in attracting sales and growing its market share. Fisker has also madeElectrify Americaits official charging partner for the U.S. market. The partnership will offer Fisker vehicle owners with exclusive package rates across more than 3,500 Electrify America chargers in the U.S. Other after-sales service partners include theMekonomen GroupandCox Automotive and Rivus Fleet Solutions, which will facilitate Fisker’s logistics and maintenance services in Europe.\nFinancial ProspectsNIO\nDespite NIO’s recent decision to adjust its third-quarter delivery guidance from 23,000 to 25,000 vehicles down to 22,500 to 23,500 vehicles due to ongoing volatility of chip supply, we are expecting the company to keep progressing in line with ourearlier coverage. With close to 56,000 vehicles already delivered this year and new orders reaching an all-time high, NIO is expected to complete approximately 88,000 deliveries by the end of the year. This is expected to yield vehicle sales of RMB 32.6 billion ($5.0 billion) by the end of the year based on average vehicle revenue of RMB 367,000 ($56,635), which is consistent with NIO’s sales mix and pricing strategy observed in recent quarters. The projection also takes into consideration NIO’s upcoming debut in Norway, which will top-up on domestic sales growth expectations in the fourth quarter. Our base-case forecast projects NIO’s vehicle sales to further expand at a CAGR of 30.4% towards RMB 461.4 billion ($71.2 billion) by 2030. The growth assumption is consistent with global EV demand growth trends, as well as NIO’s historical performance and ongoing market share expansion initiatives.\nNIO’s achievements in battery and autonomous driving technology enhancement will also underpin growth in its other sales revenues. Other sales revenues, which are primarily generated from BaaS and “Autonomous Driving as a Service” (“ADaaS”), are expected to grow in line with vehicle sales at a CAGR of 30.0% from RMB 2.3 billion ($352.1 million) by the end of the year to RMB 31.5 billion ($4.9 billion) by 2030.\nSource: Author, with data from our internal financial forecast (NIO_-_Forecasted_Financial_Information.pdf).\nNIO’s net losses are expected to further narrow towards 2024 as margins continue to expand with sales ramp up and scale. Nominal profits of RMB 8.2 billion ($1.3 billion) are forecasted for 2025, with growth at a CAGR of 36.8% towards RMB 39.3 billion ($6.1 billion) by the end of the decade.\nSource: Author, with data from our internal financial forecasts. Please refer to our previous analysis for a detailed breakdown of NIO’s projected cost structure.\ni. Base Case Financial Forecast:\nSource: Author, with data from our internal financial forecast.\nFisker\nOn the other hand, our base-case forecast projects delivery of at least 40,000 Fisker Ocean SUVs across the U.S. and Europe in 2023 following the start of production, which is consistent with management’s original sales guidance and production volume estimates. With the Fisker Ocean’s middle-trim priced between $50,000 to $55,000 expected to be the best-seller, the flagship SUV is forecasted to generate $2.1 billion of revenues for the carmaker in 2023. And based on ramped-up production capacity of at least 5,000 units per month starting in 2023, we are projecting sales of at least 60,000 units of the Fisker Ocean by 2024, totaling $3.3 billion in projected revenues. Ocean sales are forecasted to grow further at a CAGR of 22.5% towards $11.1 billion by 2030. The growth assumption is consistent with Fisker’s intentions to expand into Asia-Pacific regions in the long-run, as well as market expectations on the rise of global EV demand.\nThe PEAR model, which is expected to commence production and deliveries in late 2023, is forecasted to add an additional $1.8 billion to revenues in 2024. With aspirations to produce and sellat least 250,000 unitsof the PEAR annually in the long-run, Fisker is expected to generate PEAR revenues of $6.1 billion by the end of the decade. This accordingly translates to PEAR revenue growth at a CAGR of 22.5% from 2024 to 2030, which is consistent with Fisker’s sales guidance per itsInvestor Presentationand global EV market growth trends.\nFisker also plans to launch two more vehicles in addition to the Ocean and PEAR before 2025. With a planned average sales price of $59,000 and a goal of selling 200,000 to 250,000 vehicles by the end of 2025, our base case forecast projects total revenues of $8.5 billion by then. Total revenues are expected to further expand at a CAGR of 25.6% towards $21.2 billion by 2030. Note that projected total revenues also include nominal merchandise sales of approximately $100,000 per year.\nSource: Author, with data from our internal financial forecast.\nWith Fisker’s margins to continuously improve after start of productions with cost-efficiencies enabled by its asset lite business model, our base-case forecast projects narrowing net losses from $380.0 million by the end of the year to $290.8 million by 2022. The EV start-up is expected to start realizing profits of $197.9 million starting in 2023, with further growth towards $774.3 million by 2025 when all four anticipated EV models enter production, and towards $1.95 billion by 2030.\nSource: Author, with data from our internal financial forecasts. Please refer to our previous analysis for a detailed breakdown of Fisker’s projected cost structure.\ni. Base Case Financial Forecast:\nSource: Author, with data from our internal valuation analysis.\nConsistent with our recent analyses performed on both stocks, our 12-month price targets for NIO and Fisker remain at $59.74 and $20.61, respectively. These projections represent upside potential of close to 48% for both stocks based on their last traded share price on September 3rd.\nWe have performed a discounted cash flow (“DCF”) analysis to determine the respective 12-month price targets for NIO and Fisker. Specifically, we have used projected free cash flows up to 2025 in the DCF analysis to reflect the valuation expectations on both companies’ near-term growth initiatives.\nFor NIO’s valuation analysis, we have applied a WACC of 11.9% to discount the projected free cash flows. The valuation assumption is consistent with the company’s current risk profile, taking into consideration its highly leveraged balance sheet and recent volatility in its price performance given uncertainties over the Chinese regulatory landscape. The valuation analysis also assumes a 90.6x EV/EBITDA multiple, which reflects NIO’s achievements in proprietary technology development in addition to EV sales, as well as ongoing growth initiatives and business outlook. This compares to the EV/EBITDA range of 70.9x to 111.2x observed across its industry peers.\ni. Near-Term Valuation Analysis – NIO:\nSource: Author, with data from our internal valuation analysis.\nOn the other hand, we have applied a WACC of 13.4% to discount the projected free cash flows of Fisker to compute the stock’s 12-month price target. Although the company has largely remained debt-free with sufficient liquidity to complete the Ocean program, the company is a relatively riskier investment compared to NIO considering itisa pre-revenue and pre-production start-up. The WACC also considers Fisker’s recent announcement to fund the PEAR program with a new private debt offering of $625 million at 2.50% due in 2026. The valuation analysis assumes a 13.6x EV/EBITDA multiple, which is consistent with those of EV start-ups that are still in pre-revenue and testing phase, and have recently completed a reverse SPAC merger. The valuation multiple applied also reflects Fisker’s smaller scale of operations in terms of sales capacity, as well as technological developments in comparison to NIO and other established EV makers in the industry.\nii. Near-Term Valuation Analysis – Fisker:\nSource: Author, with data from our internal valuation analysis.\nOver the next five years, we foresee NIO and Fisker’s share price to reach as high as$160and$39, respectively. The long-term valuations prescribed reflect both companies’ estimated intrinsic values upon realization of their respective growth aspirations set out for the next five to ten years. For Fisker, these initiatives include full materialization of launching four EV models before 2025 with expansion into Asia-Pacific regions, as well as achieving positive operating cash flow and profits. And for NIO, the projected long-term valuation also captures the additional value generated from its technological advancements, including the global build-out of battery swap stations, development of long-range solid-state batteries, and materialization oflevel four autonomous driving technology.\nConclusion\nWhile accelerated global EV adoption trends underscore high-growth opportunities for both stocks, NIO makes a better long-term investment given its established operations and proprietary technological developments. But near-term catalysts for both stocks should not be overlooked. NIO’s official opening of its Norway operations in two weeks and Fisker’s reveal of the Ocean SUV’s production version in November are expected to underpin additional upsides for their respective price performances in the next twelve months. This makes both stocks attractive options at current price levels for those looking to capitalize on their growth potentials.","news_type":1,"symbols_score_info":{"NIO":0.9,"FSR":0.9}},"isVote":1,"tweetType":1,"viewCount":2501,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817925545,"gmtCreate":1630899547387,"gmtModify":1631883608476,"author":{"id":"3576027952605838","authorId":"3576027952605838","name":"Jameslky1","avatar":"https://static.tigerbbs.com/3cbe4d8cb2765489cecf6ce00fb3235d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576027952605838","idStr":"3576027952605838"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>When can the share break 200?","listText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>When can the share break 200?","text":"$Alibaba(BABA)$When can the share break 200?","images":[{"img":"https://static.tigerbbs.com/1c2890e1b37281b3393568c5a180d59e","width":"1080","height":"3355"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/817925545","isVote":1,"tweetType":1,"viewCount":2522,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":814559917,"gmtCreate":1630848824239,"gmtModify":1631889075517,"author":{"id":"3576027952605838","authorId":"3576027952605838","name":"Jameslky1","avatar":"https://static.tigerbbs.com/3cbe4d8cb2765489cecf6ce00fb3235d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576027952605838","idStr":"3576027952605838"},"themes":[],"title":"","htmlText":"Believe or not?","listText":"Believe or not?","text":"Believe or not?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/814559917","repostId":"2164803413","repostType":4,"isVote":1,"tweetType":1,"viewCount":2061,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814550429,"gmtCreate":1630848801061,"gmtModify":1631889075524,"author":{"id":"3576027952605838","authorId":"3576027952605838","name":"Jameslky1","avatar":"https://static.tigerbbs.com/3cbe4d8cb2765489cecf6ce00fb3235d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576027952605838","idStr":"3576027952605838"},"themes":[],"title":"","htmlText":"Amazing","listText":"Amazing","text":"Amazing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/814550429","repostId":"1194566233","repostType":4,"isVote":1,"tweetType":1,"viewCount":845,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814550279,"gmtCreate":1630848784291,"gmtModify":1631889075541,"author":{"id":"3576027952605838","authorId":"3576027952605838","name":"Jameslky1","avatar":"https://static.tigerbbs.com/3cbe4d8cb2765489cecf6ce00fb3235d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576027952605838","idStr":"3576027952605838"},"themes":[],"title":"","htmlText":"Follow or not?","listText":"Follow or not?","text":"Follow or not?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/814550279","repostId":"2164808914","repostType":4,"isVote":1,"tweetType":1,"viewCount":743,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814306886,"gmtCreate":1630756230545,"gmtModify":1631889075554,"author":{"id":"3576027952605838","authorId":"3576027952605838","name":"Jameslky1","avatar":"https://static.tigerbbs.com/3cbe4d8cb2765489cecf6ce00fb3235d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576027952605838","idStr":"3576027952605838"},"themes":[],"title":"","htmlText":"Shld buy zoom?","listText":"Shld buy zoom?","text":"Shld buy zoom?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/814306886","repostId":"2164872049","repostType":4,"repost":{"id":"2164872049","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1630679468,"share":"https://www.laohunote.com/m/news/2164872049?lang=zh_CN&edition=full","pubTime":"2021-09-03 22:31","market":"us","language":"en","title":"Zooming In On Zoom's Solid But Not Good Enough Results<blockquote>放大 Zoom 可靠但不够好的结果</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2164872049","media":"Benzinga Earnings","summary":"Despite logging its first billion-dollar quarter, the stock of Zoom Video Communications (NASDAQ: ZM) fell almost 11% on Monday after the company posted a higher-than-expected earnings forecast for the full year. The revenue guidance exactly met expectations, but sales-growth rates fall to new lows.","content":"<p>Despite logging its first billion-dollar quarter, the stock of&nbsp;<b>Zoom</b>&nbsp;<b>Video Communications</b> (NASDAQ:ZM) fell almost 11% on Monday after the company posted a higher-than-expected earnings forecast for the full year. The revenue guidance exactly met expectations, but sales-growth rates fall to new lows. In simple words, the video platform has continued to grow, but not at the overly optimistic pace that analysts expected.</p><p><blockquote>尽管第一个季度营收突破十亿美元，但<b>缩放</b> <b>视频通信</b>（纳斯达克股票代码：ZM）周一下跌近 11%，此前该公司发布了高于预期的全年盈利预测。收入指引完全符合预期，但销售增长率降至新低。简而言之，视频平台持续增长，但速度并不像分析师预期的那样过于乐观。</blockquote></p><p> <h4>Q2 Figures</h4> For the quarter that ended on July 31st, revenue increased by 54% YoY in the quarter &nbsp;and topping $1 billion for the first time as it amounted to $1.02 billion, also exceeding Refinitiv expectations of $991.0 million as expected by analysts, according to Refinitiv. Adjusted net income came in 48% higher from the year-ago quarter, amounting to $1.36 per share, also exceeding $1.16 expected by Refinitiv. Free cash flow improved 22% as it improved to $455 million.</p><p><blockquote><h4>Q2 数字</h4>根据路孚特的数据，截至7月31日的季度，该季度收入同比增长54%，首次突破10亿美元，达到10.2亿美元，也超过了路孚特分析师预期的9.91亿美元。调整后净利润较去年同期增长 48%，达到每股 1.36 美元，也超过了 Refinitiv 预期的 1.16 美元。自由现金流提高了 22%，达到 4.55 亿美元。</blockquote></p><p> Gross margin improved from 72.3% in the previous quarter to 74.4%. Gross margin benefited from new data center capacity as well as lower usage during the summer, thanks in part to the school break. The Zoom Phone cloud-based phone service expanded from 1.5 million three months earlier to 2 million seats.</p><p><blockquote>毛利率从上一季度的72.3%提高到74.4%。毛利率受益于新的数据中心容量以及夏季使用率的降低，部分原因是学校放假。Zoom Phone基于云的电话服务从三个月前的150万个扩展到200万个座位。</blockquote></p><p> <h4>Outlook</h4> During the quarter, Zoom announced it will acquire cloud contact-center software provider Five9, along with the availability of Zoom Events for premium online meetings. The video communications company also invested in event software maker Cvent that sought to go public through a SPAC.</p><p><blockquote><h4>世界观</h4>本季度，Zoom宣布将收购云联络中心软件提供商Five9，以及用于高级在线会议的Zoom Events。这家视频通信公司还投资了活动软件制造商 Cvent，后者寻求通过 SPAC 上市。</blockquote></p><p> As for the undergoing quarter, Zoom is guiding to 31% growth. Adjusted earnings per share are expected in the range between $1.07 to $1.08 with $1.015 billion to $1.020 billion in revenue.</p><p><blockquote>至于本季度，Zoom 预计增长 31%。调整后每股收益预计在 1.07 美元至 1.08 美元之间，收入为 10.15 亿美元至 10.20 亿美元。</blockquote></p><p> For the full fiscal year, it improved its forecast as coronavirus case counts have increased and many companies delayed plans to reopen offices. Adjusted earnings are expected to be in the range between $4.75 to $4.79 per share with the revenue range being within $4.005 billion and $4.015 billion in revenue. Previous estimates for adjusted earnings were $4.56 to $4.61 and $3.98 billion to $3.99 billion for revenue.</p><p><blockquote>对于整个财年，由于冠状病毒病例数量增加以及许多公司推迟了重新开放办公室的计划，该公司提高了预测。调整后每股收益预计在 4.75 美元至 4.79 美元之间，收入范围在 40.05 亿美元至 40.15 亿美元之间。此前对调整后收益的预期为 4.56 美元至 4.61 美元，收入为 39.8 亿美元至 39.9 亿美元。</blockquote></p><p> The forecast is ahead of analysts' consensus estimates for both adjusted earnings per share and revenue, being $4.67 and $4.01 billion, respectively.</p><p><blockquote>该预测超出了分析师对调整后每股收益和收入的普遍预期，分别为 4.67 亿美元和 40.1 亿美元。</blockquote></p><p> The guidance assumes strong growth for the direct and channel businesses, but also a weakness in the online business because of challenges encountered by smaller customers and consumers. Gross margin is expected to expand with students resuming classes.</p><p><blockquote>该指引假设直接和渠道业务增长强劲，但由于较小的客户和消费者遇到的挑战，在线业务也会疲软。随着学生复课，毛利率预计将扩大。</blockquote></p><p> <h4>The Verdict</h4> By most standards,&nbsp;Zoom's business metrics look solid with 2,278 customers contributing $100,000 or more to its annual revenue. This is well over double its last year's big-client count. Customers with more than 10 employees vaulted over the half-million mark, up 36% YoY. On a trailing 12-month basis, net dollar expansion rates remained above 130%. But its results just weren't good enough for Wall Street who was not pleased to see the company calling for roughly flat third-quarter revenue compared to the second quarter.</p><p><blockquote><h4>判决</h4>按照大多数标准，Zoom 的业务指标看起来很稳健，2,278 名客户为其年收入贡献了 10 万美元或更多。这是去年大客户数量的两倍多。拥有 10 名以上员工的客户数量突破 50 万大关，同比增长 36%。在过去 12 个月的基础上，美元净扩张率保持在 130% 以上。但对于华尔街来说，它的业绩还不够好，华尔街不高兴看到该公司第三季度收入与第二季度大致持平。</blockquote></p><p> <i>This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: contributors@iamnewswire.com</i></p><p><blockquote><i>本文不是新闻稿，由IAMNewswire的一名经过核实的独立记者撰写。在任何时候都不应被解释为投资建议，请阅读完整的披露。IAM Newswire在上述公司中没有任何头寸。新闻稿 – 如果您正在寻找完整的新闻稿分发联系方式：press@iamnewswire.com 投稿人 – IAM Newswire 接受推介。如果您有兴趣成为 IAM 记者，请联系：contributors@iamnewswire.com</i></blockquote></p><p> The post Zooming in on Zoom's Solid But Not Good Enough Results appeared first on IAM Newswire.</p><p><blockquote>放大Zoom可靠但不够好的结果的帖子首先出现在IAM新闻专线上。</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>Zooming In On Zoom's Solid But Not Good Enough Results<blockquote>放大 Zoom 可靠但不够好的结果</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\">\nZooming In On Zoom's Solid But Not Good Enough Results<blockquote>放大 Zoom 可靠但不够好的结果</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-09-03 22:31</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Despite logging its first billion-dollar quarter, the stock of&nbsp;<b>Zoom</b>&nbsp;<b>Video Communications</b> (NASDAQ:ZM) fell almost 11% on Monday after the company posted a higher-than-expected earnings forecast for the full year. The revenue guidance exactly met expectations, but sales-growth rates fall to new lows. In simple words, the video platform has continued to grow, but not at the overly optimistic pace that analysts expected.</p><p><blockquote>尽管第一个季度营收突破十亿美元，但<b>缩放</b> <b>视频通信</b>（纳斯达克股票代码：ZM）周一下跌近 11%，此前该公司发布了高于预期的全年盈利预测。收入指引完全符合预期，但销售增长率降至新低。简而言之，视频平台持续增长，但速度并不像分析师预期的那样过于乐观。</blockquote></p><p> <h4>Q2 Figures</h4> For the quarter that ended on July 31st, revenue increased by 54% YoY in the quarter &nbsp;and topping $1 billion for the first time as it amounted to $1.02 billion, also exceeding Refinitiv expectations of $991.0 million as expected by analysts, according to Refinitiv. Adjusted net income came in 48% higher from the year-ago quarter, amounting to $1.36 per share, also exceeding $1.16 expected by Refinitiv. Free cash flow improved 22% as it improved to $455 million.</p><p><blockquote><h4>Q2 数字</h4>根据路孚特的数据，截至7月31日的季度，该季度收入同比增长54%，首次突破10亿美元，达到10.2亿美元，也超过了路孚特分析师预期的9.91亿美元。调整后净利润较去年同期增长 48%，达到每股 1.36 美元，也超过了 Refinitiv 预期的 1.16 美元。自由现金流提高了 22%，达到 4.55 亿美元。</blockquote></p><p> Gross margin improved from 72.3% in the previous quarter to 74.4%. Gross margin benefited from new data center capacity as well as lower usage during the summer, thanks in part to the school break. The Zoom Phone cloud-based phone service expanded from 1.5 million three months earlier to 2 million seats.</p><p><blockquote>毛利率从上一季度的72.3%提高到74.4%。毛利率受益于新的数据中心容量以及夏季使用率的降低，部分原因是学校放假。Zoom Phone基于云的电话服务从三个月前的150万个扩展到200万个座位。</blockquote></p><p> <h4>Outlook</h4> During the quarter, Zoom announced it will acquire cloud contact-center software provider Five9, along with the availability of Zoom Events for premium online meetings. The video communications company also invested in event software maker Cvent that sought to go public through a SPAC.</p><p><blockquote><h4>世界观</h4>本季度，Zoom宣布将收购云联络中心软件提供商Five9，以及用于高级在线会议的Zoom Events。这家视频通信公司还投资了活动软件制造商 Cvent，后者寻求通过 SPAC 上市。</blockquote></p><p> As for the undergoing quarter, Zoom is guiding to 31% growth. Adjusted earnings per share are expected in the range between $1.07 to $1.08 with $1.015 billion to $1.020 billion in revenue.</p><p><blockquote>至于本季度，Zoom 预计增长 31%。调整后每股收益预计在 1.07 美元至 1.08 美元之间，收入为 10.15 亿美元至 10.20 亿美元。</blockquote></p><p> For the full fiscal year, it improved its forecast as coronavirus case counts have increased and many companies delayed plans to reopen offices. Adjusted earnings are expected to be in the range between $4.75 to $4.79 per share with the revenue range being within $4.005 billion and $4.015 billion in revenue. Previous estimates for adjusted earnings were $4.56 to $4.61 and $3.98 billion to $3.99 billion for revenue.</p><p><blockquote>对于整个财年，由于冠状病毒病例数量增加以及许多公司推迟了重新开放办公室的计划，该公司提高了预测。调整后每股收益预计在 4.75 美元至 4.79 美元之间，收入范围在 40.05 亿美元至 40.15 亿美元之间。此前对调整后收益的预期为 4.56 美元至 4.61 美元，收入为 39.8 亿美元至 39.9 亿美元。</blockquote></p><p> The forecast is ahead of analysts' consensus estimates for both adjusted earnings per share and revenue, being $4.67 and $4.01 billion, respectively.</p><p><blockquote>该预测超出了分析师对调整后每股收益和收入的普遍预期，分别为 4.67 亿美元和 40.1 亿美元。</blockquote></p><p> The guidance assumes strong growth for the direct and channel businesses, but also a weakness in the online business because of challenges encountered by smaller customers and consumers. Gross margin is expected to expand with students resuming classes.</p><p><blockquote>该指引假设直接和渠道业务增长强劲，但由于较小的客户和消费者遇到的挑战，在线业务也会疲软。随着学生复课，毛利率预计将扩大。</blockquote></p><p> <h4>The Verdict</h4> By most standards,&nbsp;Zoom's business metrics look solid with 2,278 customers contributing $100,000 or more to its annual revenue. This is well over double its last year's big-client count. Customers with more than 10 employees vaulted over the half-million mark, up 36% YoY. On a trailing 12-month basis, net dollar expansion rates remained above 130%. But its results just weren't good enough for Wall Street who was not pleased to see the company calling for roughly flat third-quarter revenue compared to the second quarter.</p><p><blockquote><h4>判决</h4>按照大多数标准，Zoom 的业务指标看起来很稳健，2,278 名客户为其年收入贡献了 10 万美元或更多。这是去年大客户数量的两倍多。拥有 10 名以上员工的客户数量突破 50 万大关，同比增长 36%。在过去 12 个月的基础上，美元净扩张率保持在 130% 以上。但对于华尔街来说，它的业绩还不够好，华尔街不高兴看到该公司第三季度收入与第二季度大致持平。</blockquote></p><p> <i>This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: contributors@iamnewswire.com</i></p><p><blockquote><i>本文不是新闻稿，由IAMNewswire的一名经过核实的独立记者撰写。在任何时候都不应被解释为投资建议，请阅读完整的披露。IAM Newswire在上述公司中没有任何头寸。新闻稿 – 如果您正在寻找完整的新闻稿分发联系方式：press@iamnewswire.com 投稿人 – IAM Newswire 接受推介。如果您有兴趣成为 IAM 记者，请联系：contributors@iamnewswire.com</i></blockquote></p><p> The post Zooming in on Zoom's Solid But Not Good Enough Results appeared first on IAM Newswire.</p><p><blockquote>放大Zoom可靠但不够好的结果的帖子首先出现在IAM新闻专线上。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2164872049","content_text":"Despite logging its first billion-dollar quarter, the stock of Zoom Video Communications (NASDAQ:ZM) fell almost 11% on Monday after the company posted a higher-than-expected earnings forecast for the full year. The revenue guidance exactly met expectations, but sales-growth rates fall to new lows. In simple words, the video platform has continued to grow, but not at the overly optimistic pace that analysts expected.\nQ2 Figures\nFor the quarter that ended on July 31st, revenue increased by 54% YoY in the quarter  and topping $1 billion for the first time as it amounted to $1.02 billion, also exceeding Refinitiv expectations of $991.0 million as expected by analysts, according to Refinitiv. Adjusted net income came in 48% higher from the year-ago quarter, amounting to $1.36 per share, also exceeding $1.16 expected by Refinitiv. Free cash flow improved 22% as it improved to $455 million.\nGross margin improved from 72.3% in the previous quarter to 74.4%. Gross margin benefited from new data center capacity as well as lower usage during the summer, thanks in part to the school break. The Zoom Phone cloud-based phone service expanded from 1.5 million three months earlier to 2 million seats.\nOutlook\nDuring the quarter, Zoom announced it will acquire cloud contact-center software provider Five9, along with the availability of Zoom Events for premium online meetings. The video communications company also invested in event software maker Cvent that sought to go public through a SPAC.\nAs for the undergoing quarter, Zoom is guiding to 31% growth. Adjusted earnings per share are expected in the range between $1.07 to $1.08 with $1.015 billion to $1.020 billion in revenue.\nFor the full fiscal year, it improved its forecast as coronavirus case counts have increased and many companies delayed plans to reopen offices. Adjusted earnings are expected to be in the range between $4.75 to $4.79 per share with the revenue range being within $4.005 billion and $4.015 billion in revenue. Previous estimates for adjusted earnings were $4.56 to $4.61 and $3.98 billion to $3.99 billion for revenue.\nThe forecast is ahead of analysts' consensus estimates for both adjusted earnings per share and revenue, being $4.67 and $4.01 billion, respectively.\nThe guidance assumes strong growth for the direct and channel businesses, but also a weakness in the online business because of challenges encountered by smaller customers and consumers. Gross margin is expected to expand with students resuming classes.\nThe Verdict\nBy most standards, Zoom's business metrics look solid with 2,278 customers contributing $100,000 or more to its annual revenue. This is well over double its last year's big-client count. Customers with more than 10 employees vaulted over the half-million mark, up 36% YoY. On a trailing 12-month basis, net dollar expansion rates remained above 130%. But its results just weren't good enough for Wall Street who was not pleased to see the company calling for roughly flat third-quarter revenue compared to the second quarter.\nThis article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: contributors@iamnewswire.com\nThe post Zooming in on Zoom's Solid But Not Good Enough Results appeared first on IAM Newswire.","news_type":1,"symbols_score_info":{"ZM":0.9}},"isVote":1,"tweetType":1,"viewCount":489,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814306321,"gmtCreate":1630756211863,"gmtModify":1631884916510,"author":{"id":"3576027952605838","authorId":"3576027952605838","name":"Jameslky1","avatar":"https://static.tigerbbs.com/3cbe4d8cb2765489cecf6ce00fb3235d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576027952605838","idStr":"3576027952605838"},"themes":[],"title":"","htmlText":"FB shares is still a good stock to invest","listText":"FB shares is still a good stock to invest","text":"FB shares is still a good stock to invest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/814306321","repostId":"1128877475","repostType":4,"isVote":1,"tweetType":1,"viewCount":910,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816495810,"gmtCreate":1630511498530,"gmtModify":1631892016400,"author":{"id":"3576027952605838","authorId":"3576027952605838","name":"Jameslky1","avatar":"https://static.tigerbbs.com/3cbe4d8cb2765489cecf6ce00fb3235d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576027952605838","idStr":"3576027952605838"},"themes":[],"title":"","htmlText":"Buy buy","listText":"Buy buy","text":"Buy buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/816495810","repostId":"1194937312","repostType":4,"repost":{"id":"1194937312","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":1630503428,"share":"https://www.laohunote.com/m/news/1194937312?lang=zh_CN&edition=full","pubTime":"2021-09-01 21:37","market":"us","language":"en","title":"Apple shares rose nearly 2% in early trading<blockquote>苹果股价早盘上涨近2%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1194937312","media":"Tiger Newspress","summary":"Apple shares rose nearly 2% in early trading.\n\n\nWolfe Research upgrades Apple from Underperform to P","content":"<p>Apple&nbsp;shares&nbsp;rose&nbsp;nearly&nbsp;2%&nbsp;in&nbsp;early&nbsp;trading.</p><p><blockquote>苹果股价早盘上涨近2%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/074074cd9456d4c1a7776d87b07c5c72\" tg-width=\"885\" tg-height=\"572\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <ul>  <li>Wolfe Research upgrades Apple&nbsp;from Underperform to Peer Perform on strong iPhone 12 demand trends that should provide a tailwind for the iPhone 13 lineup expected to launch later this month.</li>  <li>Analyst Jeffrey Kvaal says the demand was driven by healthy U.S. operator promotions and Huawei share gains. Additional fuel is coming from the tech giant's supply chain strength, which partially offsets the global component shortage, and the \"elevated\" average selling prices.</li>  <li>Kvaal raises Apple's price target from $135 to $155.</li> </ul></p><p><blockquote><ul><li>Wolfe Research将苹果从表现不佳上调至表现同行，原因是iPhone 12强劲的需求趋势，这将为预计将于本月晚些时候推出的iPhone 13系列提供推动力。</li><li>分析师杰弗里·夸尔 (Jeffrey Kvaal) 表示，需求是由美国运营商健康的促销和华为股价上涨推动的。额外的燃料来自这家科技巨头的供应链实力，这在一定程度上抵消了全球零部件短缺和“较高”的平均销售价格。</li><li>Kvaal 将苹果的目标价从 135 美元上调至 155 美元。</li></ul></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>Apple shares rose nearly 2% in early trading<blockquote>苹果股价早盘上涨近2%</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\">\nApple shares rose nearly 2% in early trading<blockquote>苹果股价早盘上涨近2%</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\">2021-09-01 21:37</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Apple&nbsp;shares&nbsp;rose&nbsp;nearly&nbsp;2%&nbsp;in&nbsp;early&nbsp;trading.</p><p><blockquote>苹果股价早盘上涨近2%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/074074cd9456d4c1a7776d87b07c5c72\" tg-width=\"885\" tg-height=\"572\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <ul>  <li>Wolfe Research upgrades Apple&nbsp;from Underperform to Peer Perform on strong iPhone 12 demand trends that should provide a tailwind for the iPhone 13 lineup expected to launch later this month.</li>  <li>Analyst Jeffrey Kvaal says the demand was driven by healthy U.S. operator promotions and Huawei share gains. Additional fuel is coming from the tech giant's supply chain strength, which partially offsets the global component shortage, and the \"elevated\" average selling prices.</li>  <li>Kvaal raises Apple's price target from $135 to $155.</li> </ul></p><p><blockquote><ul><li>Wolfe Research将苹果从表现不佳上调至表现同行，原因是iPhone 12强劲的需求趋势，这将为预计将于本月晚些时候推出的iPhone 13系列提供推动力。</li><li>分析师杰弗里·夸尔 (Jeffrey Kvaal) 表示，需求是由美国运营商健康的促销和华为股价上涨推动的。额外的燃料来自这家科技巨头的供应链实力，这在一定程度上抵消了全球零部件短缺和“较高”的平均销售价格。</li><li>Kvaal 将苹果的目标价从 135 美元上调至 155 美元。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194937312","content_text":"Apple shares rose nearly 2% in early trading.\n\n\nWolfe Research upgrades Apple from Underperform to Peer Perform on strong iPhone 12 demand trends that should provide a tailwind for the iPhone 13 lineup expected to launch later this month.\nAnalyst Jeffrey Kvaal says the demand was driven by healthy U.S. operator promotions and Huawei share gains. Additional fuel is coming from the tech giant's supply chain strength, which partially offsets the global component shortage, and the \"elevated\" average selling prices.\nKvaal raises Apple's price target from $135 to $155.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":789,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816495388,"gmtCreate":1630511488544,"gmtModify":1631892016403,"author":{"id":"3576027952605838","authorId":"3576027952605838","name":"Jameslky1","avatar":"https://static.tigerbbs.com/3cbe4d8cb2765489cecf6ce00fb3235d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576027952605838","idStr":"3576027952605838"},"themes":[],"title":"","htmlText":"Buy or not?","listText":"Buy or not?","text":"Buy or not?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/816495388","repostId":"1134793070","repostType":4,"repost":{"id":"1134793070","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":1630503774,"share":"https://www.laohunote.com/m/news/1134793070?lang=zh_CN&edition=full","pubTime":"2021-09-01 21:42","market":"us","language":"en","title":"Zoom shares rose nearly 3% in early trading, as Cathie Wood's funds scooped up $56.5 million worth of shares in Zoom.<blockquote>随着 Cathie Wood 的基金买入价值 5650 万美元的 Zoom 股票，Zoom 股价在早盘交易中上涨近 3%。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1134793070","media":"Tiger Newspress","summary":"Zoom shares rose nearly 3% in early trading, as Cathie Wood's funds scooped up $56.5 million worth o","content":"<p>Zoom&nbsp;shares&nbsp;rose&nbsp;nearly&nbsp;3%&nbsp;in&nbsp;early&nbsp;trading,&nbsp;as&nbsp;Cathie Wood's funds scooped up $56.5 million worth of shares in Zoom.</p><p><blockquote>随着 Cathie Wood 的基金买入价值 5650 万美元的 Zoom 股票，Zoom 股价在早盘交易中上涨近 3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ed908c5d0e0205caf8571e197e447e18\" tg-width=\"897\" tg-height=\"598\" referrerpolicy=\"no-referrer\">Star investor Cathie Wood's funds scooped up $56.5 million worth of shares in Zoom Video Communications Inc, taking advantage of a 17% drop in the company's stock price on Tuesday after warning on slowing demand.</p><p><blockquote>明星投资者凯西·伍德 (Cathie Wood) 的基金利用周二需求放缓警告后该公司股价下跌 17% 的机会，买入了价值 5650 万美元的Zoom Video通信公司股票。</blockquote></p><p> Wood's bet on Zoom and other pandemic winners such as online healthcare service provider Teladoc Health Inc had helped her ARK Innovation's portfolio outperform all other U.S. equity funds in 2020, although the fund has lagged this year.</p><p><blockquote>伍德对 Zoom 和在线医疗保健服务提供商 Teladoc Health Inc 等其他疫情赢家的押注帮助她的 ARK Innovation 投资组合在 2020 年跑赢了所有其他美国股票基金，尽管该基金今年表现落后。</blockquote></p><p> Asset manager Ark Invest said it added about $45.5 million shares of Zoom to the flagship <a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a> and about $11 million in the <a href=\"https://laohu8.com/S/ARKW\">ARK Next Generation Internet ETF</a> .</p><p><blockquote>资产管理公司 Ark Invest 表示，已向旗舰公司增加了价值约 4550 万美元的 Zoom 股票<a href=\"https://laohu8.com/S/ARKK\">方舟创新ETF</a>大约1100万美元<a href=\"https://laohu8.com/S/ARKW\">方舟下一代互联网ETF</a>.</blockquote></p><p> The video conferencing company issued a dour forecast of 31% rise in third-quarter revenue compared with the multiple-fold growth rates seen last year amid remote work and schooling.</p><p><blockquote>这家视频会议公司发布了一个悲观的预测，与去年远程工作和学校教育带来的数倍增长率相比，第三季度收入将增长 31%。</blockquote></p><p> Its shares have nearly halved in value compared to their peak in October last year as the pandemic-boom started to fade. Meanwhile, the $25.5 billion ARKK is down about 2% for the year, clawing back from losses of about 22%.</p><p><blockquote>随着疫情繁荣开始消退，其股价较去年 10 月的峰值下跌了近一半。与此同时，价值 255 亿美元的 ARKK 今年下跌约 2%，从约 22% 的亏损中恢复过来。</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>Zoom shares rose nearly 3% in early trading, as Cathie Wood's funds scooped up $56.5 million worth of shares in Zoom.<blockquote>随着 Cathie Wood 的基金买入价值 5650 万美元的 Zoom 股票，Zoom 股价在早盘交易中上涨近 3%。</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\">\nZoom shares rose nearly 3% in early trading, as Cathie Wood's funds scooped up $56.5 million worth of shares in Zoom.<blockquote>随着 Cathie Wood 的基金买入价值 5650 万美元的 Zoom 股票，Zoom 股价在早盘交易中上涨近 3%。</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\">2021-09-01 21:42</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Zoom&nbsp;shares&nbsp;rose&nbsp;nearly&nbsp;3%&nbsp;in&nbsp;early&nbsp;trading,&nbsp;as&nbsp;Cathie Wood's funds scooped up $56.5 million worth of shares in Zoom.</p><p><blockquote>随着 Cathie Wood 的基金买入价值 5650 万美元的 Zoom 股票，Zoom 股价在早盘交易中上涨近 3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ed908c5d0e0205caf8571e197e447e18\" tg-width=\"897\" tg-height=\"598\" referrerpolicy=\"no-referrer\">Star investor Cathie Wood's funds scooped up $56.5 million worth of shares in Zoom Video Communications Inc, taking advantage of a 17% drop in the company's stock price on Tuesday after warning on slowing demand.</p><p><blockquote>明星投资者凯西·伍德 (Cathie Wood) 的基金利用周二需求放缓警告后该公司股价下跌 17% 的机会，买入了价值 5650 万美元的Zoom Video通信公司股票。</blockquote></p><p> Wood's bet on Zoom and other pandemic winners such as online healthcare service provider Teladoc Health Inc had helped her ARK Innovation's portfolio outperform all other U.S. equity funds in 2020, although the fund has lagged this year.</p><p><blockquote>伍德对 Zoom 和在线医疗保健服务提供商 Teladoc Health Inc 等其他疫情赢家的押注帮助她的 ARK Innovation 投资组合在 2020 年跑赢了所有其他美国股票基金，尽管该基金今年表现落后。</blockquote></p><p> Asset manager Ark Invest said it added about $45.5 million shares of Zoom to the flagship <a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a> and about $11 million in the <a href=\"https://laohu8.com/S/ARKW\">ARK Next Generation Internet ETF</a> .</p><p><blockquote>资产管理公司 Ark Invest 表示，已向旗舰公司增加了价值约 4550 万美元的 Zoom 股票<a href=\"https://laohu8.com/S/ARKK\">方舟创新ETF</a>大约1100万美元<a href=\"https://laohu8.com/S/ARKW\">方舟下一代互联网ETF</a>.</blockquote></p><p> The video conferencing company issued a dour forecast of 31% rise in third-quarter revenue compared with the multiple-fold growth rates seen last year amid remote work and schooling.</p><p><blockquote>这家视频会议公司发布了一个悲观的预测，与去年远程工作和学校教育带来的数倍增长率相比，第三季度收入将增长 31%。</blockquote></p><p> Its shares have nearly halved in value compared to their peak in October last year as the pandemic-boom started to fade. Meanwhile, the $25.5 billion ARKK is down about 2% for the year, clawing back from losses of about 22%.</p><p><blockquote>随着疫情繁荣开始消退，其股价较去年 10 月的峰值下跌了近一半。与此同时，价值 255 亿美元的 ARKK 今年下跌约 2%，从约 22% 的亏损中恢复过来。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134793070","content_text":"Zoom shares rose nearly 3% in early trading, as Cathie Wood's funds scooped up $56.5 million worth of shares in Zoom.\nStar investor Cathie Wood's funds scooped up $56.5 million worth of shares in Zoom Video Communications Inc, taking advantage of a 17% drop in the company's stock price on Tuesday after warning on slowing demand.\nWood's bet on Zoom and other pandemic winners such as online healthcare service provider Teladoc Health Inc had helped her ARK Innovation's portfolio outperform all other U.S. equity funds in 2020, although the fund has lagged this year.\nAsset manager Ark Invest said it added about $45.5 million shares of Zoom to the flagship ARK Innovation ETF and about $11 million in the ARK Next Generation Internet ETF .\nThe video conferencing company issued a dour forecast of 31% rise in third-quarter revenue compared with the multiple-fold growth rates seen last year amid remote work and schooling.\nIts shares have nearly halved in value compared to their peak in October last year as the pandemic-boom started to fade. Meanwhile, the $25.5 billion ARKK is down about 2% for the year, clawing back from losses of about 22%.","news_type":1,"symbols_score_info":{"ZM":0.9}},"isVote":1,"tweetType":1,"viewCount":696,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816492720,"gmtCreate":1630511461460,"gmtModify":1631892016407,"author":{"id":"3576027952605838","authorId":"3576027952605838","name":"Jameslky1","avatar":"https://static.tigerbbs.com/3cbe4d8cb2765489cecf6ce00fb3235d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576027952605838","idStr":"3576027952605838"},"themes":[],"title":"","htmlText":"Thos news will get&nbsp;Apple shares excited.","listText":"Thos news will get&nbsp;Apple shares excited.","text":"Thos news will get Apple shares excited.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/816492720","repostId":"1136463591","repostType":4,"isVote":1,"tweetType":1,"viewCount":1126,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818196653,"gmtCreate":1630381650472,"gmtModify":1704959454871,"author":{"id":"3576027952605838","authorId":"3576027952605838","name":"Jameslky1","avatar":"https://static.tigerbbs.com/3cbe4d8cb2765489cecf6ce00fb3235d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576027952605838","idStr":"3576027952605838"},"themes":[],"title":"","htmlText":"I see this as a long term buy.&nbsp;","listText":"I see this as a long term buy.&nbsp;","text":"I see this as a long term buy.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/818196653","repostId":"1104186500","repostType":4,"isVote":1,"tweetType":1,"viewCount":800,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818198558,"gmtCreate":1630381610974,"gmtModify":1704959453497,"author":{"id":"3576027952605838","authorId":"3576027952605838","name":"Jameslky1","avatar":"https://static.tigerbbs.com/3cbe4d8cb2765489cecf6ce00fb3235d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576027952605838","idStr":"3576027952605838"},"themes":[],"title":"","htmlText":"I am not so sure","listText":"I am not so sure","text":"I am not so sure","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/818198558","repostId":"1172465123","repostType":4,"isVote":1,"tweetType":1,"viewCount":851,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818190700,"gmtCreate":1630381319000,"gmtModify":1704959448000,"author":{"id":"3576027952605838","authorId":"3576027952605838","name":"Jameslky1","avatar":"https://static.tigerbbs.com/3cbe4d8cb2765489cecf6ce00fb3235d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576027952605838","idStr":"3576027952605838"},"themes":[],"title":"","htmlText":"Was hoping it break 165. Highest 163. Good effort though.","listText":"Was hoping it break 165. Highest 163. Good effort though.","text":"Was hoping it break 165. Highest 163. Good effort though.","images":[{"img":"https://static.tigerbbs.com/0852367f5d22042c276386a36c812459","width":"1080","height":"3355"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/818190700","isVote":1,"tweetType":1,"viewCount":637,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":802456087,"gmtCreate":1627798673349,"gmtModify":1631885592740,"author":{"id":"3576027952605838","authorId":"3576027952605838","name":"Jameslky1","avatar":"https://static.tigerbbs.com/3cbe4d8cb2765489cecf6ce00fb3235d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576027952605838","idStr":"3576027952605838"},"themes":[],"title":"","htmlText":"Esp true for SIA and related industries like hotels due to the prolong convod 19 pandemic.","listText":"Esp true for SIA and related industries like hotels due to the prolong convod 19 pandemic.","text":"Esp true for SIA and related industries like hotels due to the prolong convod 19 pandemic.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/802456087","repostId":"1153879814","repostType":4,"repost":{"id":"1153879814","kind":"news","pubTimestamp":1627784753,"share":"https://www.laohunote.com/m/news/1153879814?lang=zh_CN&edition=full","pubTime":"2021-08-01 10:25","market":"sg","language":"en","title":"SIA, SIAE, Singtel potential candidates for company restructuring: Maybank<blockquote>SIA、SIAE、Singtel 公司重组的潜在候选者：马来亚银行</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1153879814","media":"Singapore Business","summary":"Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?\n\nDrivers are in play f","content":"<p>  <b><i>Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?</i></b>  Drivers are in play for more corporate restructuring from Singapore firms following the major restructuring plans of Singapore Press Holdings (SPH) and a possible merger between Keppel Offshore &amp; Marine and Sembcorp Marine Ltd, according to a report by Maybank Kim Eng.</p><p><blockquote><b><i>谁将跟随SPH、吉宝和胜科的公司重组步骤？</i></b>根据 Maybank Kim Eng 的一份报告，在新加坡报业控股公司 (SPH) 的重大重组计划以及吉宝近海与胜科海事有限公司可能合并之后，新加坡公司进行更多企业重组的驱动力正在发挥作用。</blockquote></p><p> According to the report, the drivers catalyzing these restructurings remain in play and are unlikely to retreat in the near-term.</p><p><blockquote>报告称，催化这些重组的驱动因素仍在发挥作用，短期内不太可能消退。</blockquote></p><p> Some Singapore companies named by Maybank that are potential candidates for a corporate restructuring are Singtel, Singapore Airlines Group and the Singapore Institute of Aerospace Engineers.</p><p><blockquote>马来亚银行点名的一些新加坡公司是公司重组的潜在候选人，包括新加坡电信、新加坡航空集团和新加坡航空航天工程师学会。</blockquote></p><p> Maybank said Singtel is currently exploring options to review its stakes in associates and infrastructure assets to unlock latent value.</p><p><blockquote>马来亚银行表示，新加坡电信目前正在探索审查其在联营公司和基础设施资产中的股份，以释放潜在价值。</blockquote></p><p> Continued weakness and expected long lead time to recovery of international air travel may force certain rationalization for SIA and SIAE. Meanwhile, big developers like CityDev and UOL also have sizable development businesses similar to CAPL.</p><p><blockquote>持续疲软以及预计国际航空旅行复苏的较长准备时间可能会迫使新航和新航进行某些合理化。与此同时，像CityDev和UOL这样的大型开发商也有类似CAPL的可观开发业务。</blockquote></p><p></p>","source":"lsy1618986048053","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>SIA, SIAE, Singtel potential candidates for company restructuring: Maybank<blockquote>SIA、SIAE、Singtel 公司重组的潜在候选者：马来亚银行</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\">\nSIA, SIAE, Singtel potential candidates for company restructuring: Maybank<blockquote>SIA、SIAE、Singtel 公司重组的潜在候选者：马来亚银行</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Singapore Business</strong><span class=\"h-time small\">2021-08-01 10:25</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b><i>Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?</i></b>  Drivers are in play for more corporate restructuring from Singapore firms following the major restructuring plans of Singapore Press Holdings (SPH) and a possible merger between Keppel Offshore &amp; Marine and Sembcorp Marine Ltd, according to a report by Maybank Kim Eng.</p><p><blockquote><b><i>谁将跟随SPH、吉宝和胜科的公司重组步骤？</i></b>根据 Maybank Kim Eng 的一份报告，在新加坡报业控股公司 (SPH) 的重大重组计划以及吉宝近海与胜科海事有限公司可能合并之后，新加坡公司进行更多企业重组的驱动力正在发挥作用。</blockquote></p><p> According to the report, the drivers catalyzing these restructurings remain in play and are unlikely to retreat in the near-term.</p><p><blockquote>报告称，催化这些重组的驱动因素仍在发挥作用，短期内不太可能消退。</blockquote></p><p> Some Singapore companies named by Maybank that are potential candidates for a corporate restructuring are Singtel, Singapore Airlines Group and the Singapore Institute of Aerospace Engineers.</p><p><blockquote>马来亚银行点名的一些新加坡公司是公司重组的潜在候选人，包括新加坡电信、新加坡航空集团和新加坡航空航天工程师学会。</blockquote></p><p> Maybank said Singtel is currently exploring options to review its stakes in associates and infrastructure assets to unlock latent value.</p><p><blockquote>马来亚银行表示，新加坡电信目前正在探索审查其在联营公司和基础设施资产中的股份，以释放潜在价值。</blockquote></p><p> Continued weakness and expected long lead time to recovery of international air travel may force certain rationalization for SIA and SIAE. Meanwhile, big developers like CityDev and UOL also have sizable development businesses similar to CAPL.</p><p><blockquote>持续疲软以及预计国际航空旅行复苏的较长准备时间可能会迫使新航和新航进行某些合理化。与此同时，像CityDev和UOL这样的大型开发商也有类似CAPL的可观开发业务。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://sbr.com.sg/economy/news/sia-siae-singtel-potential-candidates-company-restructuring-maybank\">Singapore Business</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":{"C6L.SI":"新加坡航空公司"},"source_url":"https://sbr.com.sg/economy/news/sia-siae-singtel-potential-candidates-company-restructuring-maybank","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153879814","content_text":"Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?\n\nDrivers are in play for more corporate restructuring from Singapore firms following the major restructuring plans of Singapore Press Holdings (SPH) and a possible merger between Keppel Offshore & Marine and Sembcorp Marine Ltd, according to a report by Maybank Kim Eng.\nAccording to the report, the drivers catalyzing these restructurings remain in play and are unlikely to retreat in the near-term.\nSome Singapore companies named by Maybank that are potential candidates for a corporate restructuring are Singtel, Singapore Airlines Group and the Singapore Institute of Aerospace Engineers.\nMaybank said Singtel is currently exploring options to review its stakes in associates and infrastructure assets to unlock latent value.\nContinued weakness and expected long lead time to recovery of international air travel may force certain rationalization for SIA and SIAE. Meanwhile, big developers like CityDev and UOL also have sizable development businesses similar to CAPL.","news_type":1,"symbols_score_info":{"C6L.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":1088,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808756229,"gmtCreate":1627612198661,"gmtModify":1633757771040,"author":{"id":"3576027952605838","authorId":"3576027952605838","name":"Jameslky1","avatar":"https://static.tigerbbs.com/3cbe4d8cb2765489cecf6ce00fb3235d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576027952605838","idStr":"3576027952605838"},"themes":[],"title":"","htmlText":"Big tech is benefitting from the current pandemic situation with technology to support remote work.","listText":"Big tech is benefitting from the current pandemic situation with technology to support remote work.","text":"Big tech is benefitting from the current pandemic situation with technology to support remote work.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/808756229","repostId":"1136493836","repostType":4,"isVote":1,"tweetType":1,"viewCount":803,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806870073,"gmtCreate":1627651617892,"gmtModify":1633757433774,"author":{"id":"3576027952605838","authorId":"3576027952605838","name":"Jameslky1","avatar":"https://static.tigerbbs.com/3cbe4d8cb2765489cecf6ce00fb3235d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576027952605838","idStr":"3576027952605838"},"themes":[],"title":"","htmlText":"Will it drop further tonite? Will see.","listText":"Will it drop further tonite? Will see.","text":"Will it drop further tonite? Will see.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/806870073","repostId":"1177914270","repostType":4,"repost":{"id":"1177914270","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":1627650457,"share":"https://www.laohunote.com/m/news/1177914270?lang=zh_CN&edition=full","pubTime":"2021-07-30 21:07","market":"us","language":"en","title":"Nvidia shares dived 3.2% in premarket trading<blockquote>英伟达股价在盘前交易中暴跌 3.2%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1177914270","media":"Tiger Newspress","summary":"Nvidia shares dived 3.2% in premarket trading.China antitrust officials delay review of Nvidia’s $40 Billion Arm Acquisition,according to&nbsp;The Information.","content":"<p>Nvidia shares dived 3.2% in premarket trading.China antitrust officials delay review of Nvidia’s $40 Billion Arm Acquisition,according to&nbsp;The Information.</p><p><blockquote>英伟达股价在盘前交易中暴跌 3.2%。信息显示，中国反垄断官员推迟了对英伟达400亿美元收购Arm交易的审查。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bcb434863abbc50b64c8e9d4079a2b06\" tg-width=\"881\" tg-height=\"639\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/395304fa3e2a4eb8436058c29da9628c\" tg-width=\"1222\" tg-height=\"382\" referrerpolicy=\"no-referrer\"></p><p><blockquote></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>Nvidia shares dived 3.2% in premarket trading<blockquote>英伟达股价在盘前交易中暴跌 3.2%</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\">\nNvidia shares dived 3.2% in premarket trading<blockquote>英伟达股价在盘前交易中暴跌 3.2%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-07-30 21:07</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Nvidia shares dived 3.2% in premarket trading.China antitrust officials delay review of Nvidia’s $40 Billion Arm Acquisition,according to&nbsp;The Information.</p><p><blockquote>英伟达股价在盘前交易中暴跌 3.2%。信息显示，中国反垄断官员推迟了对英伟达400亿美元收购Arm交易的审查。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bcb434863abbc50b64c8e9d4079a2b06\" tg-width=\"881\" tg-height=\"639\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/395304fa3e2a4eb8436058c29da9628c\" tg-width=\"1222\" tg-height=\"382\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177914270","content_text":"Nvidia shares dived 3.2% in premarket trading.China antitrust officials delay review of Nvidia’s $40 Billion Arm Acquisition,according to The Information.","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":418,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":864103303,"gmtCreate":1633065367652,"gmtModify":1633065367829,"author":{"id":"3576027952605838","authorId":"3576027952605838","name":"Jameslky1","avatar":"https://static.tigerbbs.com/3cbe4d8cb2765489cecf6ce00fb3235d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576027952605838","idStr":"3576027952605838"},"themes":[],"title":"","htmlText":"But the price is not reflecting it","listText":"But the price is not reflecting it","text":"But the price is not reflecting it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/864103303","repostId":"2172095220","repostType":4,"isVote":1,"tweetType":1,"viewCount":2493,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":888154266,"gmtCreate":1631462048655,"gmtModify":1631889075477,"author":{"id":"3576027952605838","authorId":"3576027952605838","name":"Jameslky1","avatar":"https://static.tigerbbs.com/3cbe4d8cb2765489cecf6ce00fb3235d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576027952605838","idStr":"3576027952605838"},"themes":[],"title":"","htmlText":"I m not sure","listText":"I m not sure","text":"I m not sure","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/888154266","repostId":"2166290377","repostType":4,"isVote":1,"tweetType":1,"viewCount":3920,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836452883,"gmtCreate":1629517434042,"gmtModify":1631884275646,"author":{"id":"3576027952605838","authorId":"3576027952605838","name":"Jameslky1","avatar":"https://static.tigerbbs.com/3cbe4d8cb2765489cecf6ce00fb3235d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576027952605838","idStr":"3576027952605838"},"themes":[],"title":"","htmlText":"Looking forward to GM EV cars.","listText":"Looking forward to GM EV cars.","text":"Looking forward to GM EV cars.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/836452883","repostId":"1114812009","repostType":4,"isVote":1,"tweetType":1,"viewCount":817,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894252305,"gmtCreate":1628832714607,"gmtModify":1633689113826,"author":{"id":"3576027952605838","authorId":"3576027952605838","name":"Jameslky1","avatar":"https://static.tigerbbs.com/3cbe4d8cb2765489cecf6ce00fb3235d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576027952605838","idStr":"3576027952605838"},"themes":[],"title":"","htmlText":"If their fun mental are right, even the worst shares will bounce back.","listText":"If their fun mental are right, even the worst shares will bounce back.","text":"If their fun mental are right, even the worst shares will bounce back.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/894252305","repostId":"2158225219","repostType":4,"isVote":1,"tweetType":1,"viewCount":667,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813229830,"gmtCreate":1630206266020,"gmtModify":1704957023721,"author":{"id":"3576027952605838","authorId":"3576027952605838","name":"Jameslky1","avatar":"https://static.tigerbbs.com/3cbe4d8cb2765489cecf6ce00fb3235d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576027952605838","idStr":"3576027952605838"},"themes":[],"title":"","htmlText":"Really? Why?","listText":"Really? Why?","text":"Really? Why?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/813229830","repostId":"1129129956","repostType":4,"repost":{"id":"1129129956","kind":"news","pubTimestamp":1630201285,"share":"https://www.laohunote.com/m/news/1129129956?lang=zh_CN&edition=full","pubTime":"2021-08-29 09:41","market":"us","language":"en","title":"This Unloved Tech Stock Could Make You Rich One Day<blockquote>这只不受欢迎的科技股有一天可能会让你致富</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129129956","media":"Motley Fool","summary":"The iBuying business is a race to grow larger, and Opendoor is winning.The company is growing at a rate that is two years ahead of what management projected just a year earlier.The market is bearish on virtually all SPACs, making Opendoor a bargain that could eventually bring huge returns.Real estate iBuying company Opendoor Technologieshas been executing at a high level in the three quarters since coming public via a special purpose acquisition company  merger. In a race to disrupt residential ","content":"<p>Key Points</p><p><blockquote>要点</blockquote></p><p> <ul>  <li>The iBuying business is a race to grow larger, and Opendoor is winning.</li>  <li>The company is growing at a rate that is two years ahead of what management projected just a year earlier.</li>  <li>The market is bearish on virtually all SPACs, making Opendoor a bargain that could eventually bring huge returns.</li> </ul> </p><p><blockquote><ul><li>iBuying 业务是一场扩大规模的竞赛，而 Opendoor 正在获胜。</li><li>该公司的增长速度比管理层一年前的预测提前了两年。</li><li>市场对几乎所有 SPAC 都持看跌态度，这使得 Opendoor 成为一笔最终可能带来巨大回报的便宜货。</li></ul></blockquote></p><p> Real estate iBuying company&nbsp;<b>Opendoor Technologies</b>(NASDAQ:OPEN)has been executing at a high level in the three quarters since coming public via a special purpose acquisition company (SPAC) merger. In a race to disrupt residential real estate, one of the largest markets in the world, Opendoor's long-term potential could bring big returns for patient investors.</p><p><blockquote>房地产iBuying公司<b>Opendoor技术</b>（纳斯达克股票代码：OPEN）自通过特殊目的收购公司（SPAC）合并上市以来，三个季度的执行力一直处于高水平。在扰乱全球最大市场之一住宅房地产的竞赛中，Opendoor 的长期潜力可以为耐心的投资者带来丰厚的回报。</blockquote></p><p> Despite the upside, the market hasn't yet appreciated Opendoor's accomplishments; the stock is down more than 50% from its highs. There are three important clues that Opendoor could be a compelling investment idea for bold investors.</p><p><blockquote>尽管有上涨空间，但市场尚未欣赏 Opendoor 的成就；该股较高点下跌了 50% 以上。有三个重要线索表明，对于大胆的投资者来说，Opendoor 可能是一个有吸引力的投资理念。</blockquote></p><p> <h3>1. Opendoor is winning the iBuying battle</h3> The traditional home-buying process in the United States is slow and handled by multiple parties, including agents, lawyers, inspectors, and bankers. This creates a lot of back and forth paperwork and drags the process out to more than 30 days, on average.</p><p><blockquote><h3>1. Opendoor正在赢得iBuying之战</h3>美国传统的购房过程很慢，由多方处理，包括代理人、律师、检查员和银行家。这会产生大量的来回文书工作，并将流程平均拖延超过30天。</blockquote></p><p> Opendoor pioneered the concept of \"iBuying,\" where the buying and selling of a house are digitized, and a company like Opendoor works directly with sellers to provide them with a cash offer and a digital closing process. The company then resells the house on the market. The iBuying process cuts out agents and some of the fees associated with traditional closings, such as agent commissions. Opendoor then resells the house on the market and charges a service fee of up to 5% on the transaction.</p><p><blockquote>Opendoor开创了“iBuying”的概念，即房屋的买卖是数字化的，像Opendoor这样的公司直接与卖家合作，为他们提供现金报价和数字成交流程。然后该公司在市场上转售房子。iBuying流程省去了代理和与传统成交相关的一些费用，如代理佣金。然后，Opendoor在市场上转售房屋，并对交易收取高达5%的服务费。</blockquote></p><p> After seeing Opendoor steadily grow with its iBuying concept, competitors have also begun to offer iBuying services, including&nbsp;<b>Zillow Group</b>&nbsp;and Offerpad. Because of how capital intensive the business is (a lot of money is needed to buy and sell thousands of houses) and how price competitive the housing market is, these companies are racing to get as big as possible. As the companies buy and sell more homes, they have the ability to become more profitable by leveraging outsourced contractors to save money, and its pricing algorithm improves as it sees more transactions.</p><p><blockquote>在看到 Opendoor 凭借其 iBuying 概念稳步增长后，竞争对手也开始提供 iBuying 服务，包括<b>Zillow集团</b>和Offerpad。由于该业务的资本密集型（买卖数千套房屋需要大量资金）以及房地产市场的价格竞争力，这些公司正在竞相做大。随着公司买卖更多的房屋，他们有能力通过利用外包承包商来节省资金来获得更多利润，并且随着交易的增加，其定价算法也会得到改进。</blockquote></p><p> According to iBuyerStats, a website dedicated to tracking the competitors found in iBuying, Opendoor has consistently had the most housing inventory available for sale. It currently has roughly 3,300 houses for sale, 53% more than Zillow and more than four times as many as Offerpad.</p><p><blockquote>根据专门跟踪iBuying竞争对手的网站iBuyerStats的数据，Opendoor一直拥有最多的可供出售的住房库存。该公司目前约有 3,300 套房屋待售，比 Zillow 多 53%，是 Offerpad 的四倍多。</blockquote></p><p> <h3>2. Revenue growth is ahead of schedule</h3> When companies go public viaSPACmerger, they lay out a public presentation of their business, often including long-term growth projections. Opendoor laid out its pre-merger investor presentation about a year ago, in September 2020.</p><p><blockquote><h3>2.收入增长提前</h3>当公司通过PacMerger上市时，他们会公开展示自己的业务，通常包括长期增长预测。大约一年前，即 2020 年 9 月，Opendoor 发布了合并前投资者演示文稿。</blockquote></p><p> Fast forward to the company's recent 2021 Q2 earnings call. CEO and founder Eric Wu said on the earnings call, \"... based on our current progress, our second half revenue run rate is on track to exceed our 2023 target, a full two years ahead of plan.\"</p><p><blockquote>快进到该公司最近发布的 2021 年第二季度收益看涨期权。首席执行官兼创始人 Eric Wu 在财报看涨期权上表示：“……根据我们目前的进展，我们下半年的收入运行率有望超过 2023 年的目标，比计划提前整整两年。”</blockquote></p><p> In other words, if Opendoor were to operate for 12 months at the level the business currently is, it would surpass the $9.8 billion in revenue it projected for 2023. This is an underlooked point because if Opendoor is already two years ahead of its original growth curve, where will it be by 2023? Sure, a dip in the housing market or other events could disrupt the company's speed of growth, but Opendoor is showing the world that the business is operating at a high level.</p><p><blockquote>换句话说，如果 Opendoor 以目前的业务水平运营 12 个月，它将超过 2023 年预计的 98 亿美元收入。这是一个被忽视的点，因为如果 Opendoor 已经比其最初的增长曲线提前了两年，那么到 2023 年它将处于什么位置？当然，房地产市场的下滑或其他事件可能会扰乱该公司的增长速度，但 Opendoor 正在向世界展示该业务正在高水平运营。</blockquote></p><p> <h3>3. SPACs are out of favor with the market... opportunity?</h3> Investors have overlooked this strong performance, focusing instead on the fact that Opendoor joined the public market via SPAC merger. It has hardly mattered what operating results or earnings have looked like for former SPACs; the stock market has been selling off virtually all SPAC-based stocks for several months now.</p><p><blockquote><h3>3、SPAC不受市场青睐……机会？</h3>投资者忽略了这一强劲表现，而是关注 Opendoor 通过 SPAC 合并加入公开市场的事实。对于以前的 SPAC 来说，经营业绩或收益几乎无关紧要；几个月来，股市一直在抛售几乎所有基于特殊目的收购公司的股票。</blockquote></p><p> Investors have been spooked by a handful of \"bad apple\" companies turning up fraudulent, and other companies have wildly missed on the projections they made before going public. These instances have burned those involved, and investors have taken a much more cautious attitude toward SPACs as a whole.</p><p><blockquote>投资者对少数“坏苹果”公司被发现存在欺诈行为感到害怕，而其他公司则严重错过了他们在上市前做出的预测。这些例子让相关人员感到焦虑，投资者对 SPAC 整体采取了更加谨慎的态度。</blockquote></p><p> But if companies like Opendoor keep blowing away estimates, the market is likely to come around eventually. When it does, the stock price could move aggressively. If we take Eric Wu's comments about revenue and assume that Opendoor does sales of $10 billion in 2022 (in other words, Opendoor stops growing and maintains its current pace over the following year), the stock currently trades at aprice-to-sales(P/S) ratio of just 1.0. That's a bargain-bin valuation.</p><p><blockquote>但如果像 Opendoor 这样的公司继续夸大预期，市场最终可能会好转。当这种情况发生时，股价可能会大幅波动。如果我们接受 Eric Wu 对收入的评论，并假设 Opendoor 在 2022 年的销售额为 100 亿美元（换句话说，Opendoor 在接下来的一年里停止增长并保持当前的速度），那么该股目前的交易价格与销售额（P/S）比率仅为 1.0。这是一个便宜货的估值。</blockquote></p><p> Competitor Zillow Group trades at a P/S ratio of more than 3, reflecting Opendoor's discount as a former SPAC.</p><p><blockquote>竞争对手 Zillow Group 的市盈率超过 3，反映了 Opendoor 作为前 SPAC 的折扣。</blockquote></p><p></p><p> <h3>Here's the bottom line</h3> Real estate is a huge market, and it's a complicated industry because of the clash between traditional agents and the \"new kids\" on the block trying to bring technology into homebuying. It's too early to say that Opendoor will become the \"<b>Amazon</b>\" of home buying, but what seems certain is that the company is&nbsp;poised to be a big player&nbsp;in real estate's future if it keeps performing like this.</p><p><blockquote><h3>这是底线</h3>房地产是一个巨大的市场，这是一个复杂的行业，因为传统代理商和试图将技术引入购房的“新人”之间存在冲突。现在说Opendoor将成为“<b>亚马逊</b>但似乎可以肯定的是，如果该公司继续保持这样的表现，它将成为房地产未来的重要参与者。</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>This Unloved Tech Stock Could Make You Rich One Day<blockquote>这只不受欢迎的科技股有一天可能会让你致富</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\">\nThis Unloved Tech Stock Could Make You Rich One Day<blockquote>这只不受欢迎的科技股有一天可能会让你致富</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-08-29 09:41</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Key Points</p><p><blockquote>要点</blockquote></p><p> <ul>  <li>The iBuying business is a race to grow larger, and Opendoor is winning.</li>  <li>The company is growing at a rate that is two years ahead of what management projected just a year earlier.</li>  <li>The market is bearish on virtually all SPACs, making Opendoor a bargain that could eventually bring huge returns.</li> </ul> </p><p><blockquote><ul><li>iBuying 业务是一场扩大规模的竞赛，而 Opendoor 正在获胜。</li><li>该公司的增长速度比管理层一年前的预测提前了两年。</li><li>市场对几乎所有 SPAC 都持看跌态度，这使得 Opendoor 成为一笔最终可能带来巨大回报的便宜货。</li></ul></blockquote></p><p> Real estate iBuying company&nbsp;<b>Opendoor Technologies</b>(NASDAQ:OPEN)has been executing at a high level in the three quarters since coming public via a special purpose acquisition company (SPAC) merger. In a race to disrupt residential real estate, one of the largest markets in the world, Opendoor's long-term potential could bring big returns for patient investors.</p><p><blockquote>房地产iBuying公司<b>Opendoor技术</b>（纳斯达克股票代码：OPEN）自通过特殊目的收购公司（SPAC）合并上市以来，三个季度的执行力一直处于高水平。在扰乱全球最大市场之一住宅房地产的竞赛中，Opendoor 的长期潜力可以为耐心的投资者带来丰厚的回报。</blockquote></p><p> Despite the upside, the market hasn't yet appreciated Opendoor's accomplishments; the stock is down more than 50% from its highs. There are three important clues that Opendoor could be a compelling investment idea for bold investors.</p><p><blockquote>尽管有上涨空间，但市场尚未欣赏 Opendoor 的成就；该股较高点下跌了 50% 以上。有三个重要线索表明，对于大胆的投资者来说，Opendoor 可能是一个有吸引力的投资理念。</blockquote></p><p> <h3>1. Opendoor is winning the iBuying battle</h3> The traditional home-buying process in the United States is slow and handled by multiple parties, including agents, lawyers, inspectors, and bankers. This creates a lot of back and forth paperwork and drags the process out to more than 30 days, on average.</p><p><blockquote><h3>1. Opendoor正在赢得iBuying之战</h3>美国传统的购房过程很慢，由多方处理，包括代理人、律师、检查员和银行家。这会产生大量的来回文书工作，并将流程平均拖延超过30天。</blockquote></p><p> Opendoor pioneered the concept of \"iBuying,\" where the buying and selling of a house are digitized, and a company like Opendoor works directly with sellers to provide them with a cash offer and a digital closing process. The company then resells the house on the market. The iBuying process cuts out agents and some of the fees associated with traditional closings, such as agent commissions. Opendoor then resells the house on the market and charges a service fee of up to 5% on the transaction.</p><p><blockquote>Opendoor开创了“iBuying”的概念，即房屋的买卖是数字化的，像Opendoor这样的公司直接与卖家合作，为他们提供现金报价和数字成交流程。然后该公司在市场上转售房子。iBuying流程省去了代理和与传统成交相关的一些费用，如代理佣金。然后，Opendoor在市场上转售房屋，并对交易收取高达5%的服务费。</blockquote></p><p> After seeing Opendoor steadily grow with its iBuying concept, competitors have also begun to offer iBuying services, including&nbsp;<b>Zillow Group</b>&nbsp;and Offerpad. Because of how capital intensive the business is (a lot of money is needed to buy and sell thousands of houses) and how price competitive the housing market is, these companies are racing to get as big as possible. As the companies buy and sell more homes, they have the ability to become more profitable by leveraging outsourced contractors to save money, and its pricing algorithm improves as it sees more transactions.</p><p><blockquote>在看到 Opendoor 凭借其 iBuying 概念稳步增长后，竞争对手也开始提供 iBuying 服务，包括<b>Zillow集团</b>和Offerpad。由于该业务的资本密集型（买卖数千套房屋需要大量资金）以及房地产市场的价格竞争力，这些公司正在竞相做大。随着公司买卖更多的房屋，他们有能力通过利用外包承包商来节省资金来获得更多利润，并且随着交易的增加，其定价算法也会得到改进。</blockquote></p><p> According to iBuyerStats, a website dedicated to tracking the competitors found in iBuying, Opendoor has consistently had the most housing inventory available for sale. It currently has roughly 3,300 houses for sale, 53% more than Zillow and more than four times as many as Offerpad.</p><p><blockquote>根据专门跟踪iBuying竞争对手的网站iBuyerStats的数据，Opendoor一直拥有最多的可供出售的住房库存。该公司目前约有 3,300 套房屋待售，比 Zillow 多 53%，是 Offerpad 的四倍多。</blockquote></p><p> <h3>2. Revenue growth is ahead of schedule</h3> When companies go public viaSPACmerger, they lay out a public presentation of their business, often including long-term growth projections. Opendoor laid out its pre-merger investor presentation about a year ago, in September 2020.</p><p><blockquote><h3>2.收入增长提前</h3>当公司通过PacMerger上市时，他们会公开展示自己的业务，通常包括长期增长预测。大约一年前，即 2020 年 9 月，Opendoor 发布了合并前投资者演示文稿。</blockquote></p><p> Fast forward to the company's recent 2021 Q2 earnings call. CEO and founder Eric Wu said on the earnings call, \"... based on our current progress, our second half revenue run rate is on track to exceed our 2023 target, a full two years ahead of plan.\"</p><p><blockquote>快进到该公司最近发布的 2021 年第二季度收益看涨期权。首席执行官兼创始人 Eric Wu 在财报看涨期权上表示：“……根据我们目前的进展，我们下半年的收入运行率有望超过 2023 年的目标，比计划提前整整两年。”</blockquote></p><p> In other words, if Opendoor were to operate for 12 months at the level the business currently is, it would surpass the $9.8 billion in revenue it projected for 2023. This is an underlooked point because if Opendoor is already two years ahead of its original growth curve, where will it be by 2023? Sure, a dip in the housing market or other events could disrupt the company's speed of growth, but Opendoor is showing the world that the business is operating at a high level.</p><p><blockquote>换句话说，如果 Opendoor 以目前的业务水平运营 12 个月，它将超过 2023 年预计的 98 亿美元收入。这是一个被忽视的点，因为如果 Opendoor 已经比其最初的增长曲线提前了两年，那么到 2023 年它将处于什么位置？当然，房地产市场的下滑或其他事件可能会扰乱该公司的增长速度，但 Opendoor 正在向世界展示该业务正在高水平运营。</blockquote></p><p> <h3>3. SPACs are out of favor with the market... opportunity?</h3> Investors have overlooked this strong performance, focusing instead on the fact that Opendoor joined the public market via SPAC merger. It has hardly mattered what operating results or earnings have looked like for former SPACs; the stock market has been selling off virtually all SPAC-based stocks for several months now.</p><p><blockquote><h3>3、SPAC不受市场青睐……机会？</h3>投资者忽略了这一强劲表现，而是关注 Opendoor 通过 SPAC 合并加入公开市场的事实。对于以前的 SPAC 来说，经营业绩或收益几乎无关紧要；几个月来，股市一直在抛售几乎所有基于特殊目的收购公司的股票。</blockquote></p><p> Investors have been spooked by a handful of \"bad apple\" companies turning up fraudulent, and other companies have wildly missed on the projections they made before going public. These instances have burned those involved, and investors have taken a much more cautious attitude toward SPACs as a whole.</p><p><blockquote>投资者对少数“坏苹果”公司被发现存在欺诈行为感到害怕，而其他公司则严重错过了他们在上市前做出的预测。这些例子让相关人员感到焦虑，投资者对 SPAC 整体采取了更加谨慎的态度。</blockquote></p><p> But if companies like Opendoor keep blowing away estimates, the market is likely to come around eventually. When it does, the stock price could move aggressively. If we take Eric Wu's comments about revenue and assume that Opendoor does sales of $10 billion in 2022 (in other words, Opendoor stops growing and maintains its current pace over the following year), the stock currently trades at aprice-to-sales(P/S) ratio of just 1.0. That's a bargain-bin valuation.</p><p><blockquote>但如果像 Opendoor 这样的公司继续夸大预期，市场最终可能会好转。当这种情况发生时，股价可能会大幅波动。如果我们接受 Eric Wu 对收入的评论，并假设 Opendoor 在 2022 年的销售额为 100 亿美元（换句话说，Opendoor 在接下来的一年里停止增长并保持当前的速度），那么该股目前的交易价格与销售额（P/S）比率仅为 1.0。这是一个便宜货的估值。</blockquote></p><p> Competitor Zillow Group trades at a P/S ratio of more than 3, reflecting Opendoor's discount as a former SPAC.</p><p><blockquote>竞争对手 Zillow Group 的市盈率超过 3，反映了 Opendoor 作为前 SPAC 的折扣。</blockquote></p><p></p><p> <h3>Here's the bottom line</h3> Real estate is a huge market, and it's a complicated industry because of the clash between traditional agents and the \"new kids\" on the block trying to bring technology into homebuying. It's too early to say that Opendoor will become the \"<b>Amazon</b>\" of home buying, but what seems certain is that the company is&nbsp;poised to be a big player&nbsp;in real estate's future if it keeps performing like this.</p><p><blockquote><h3>这是底线</h3>房地产是一个巨大的市场，这是一个复杂的行业，因为传统代理商和试图将技术引入购房的“新人”之间存在冲突。现在说Opendoor将成为“<b>亚马逊</b>但似乎可以肯定的是，如果该公司继续保持这样的表现，它将成为房地产未来的重要参与者。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/08/28/this-unloved-tech-stock-may-make-you-rich-one-day/\">Motley Fool</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":{"OPEN":"Opendoor Technologies Inc"},"source_url":"https://www.fool.com/investing/2021/08/28/this-unloved-tech-stock-may-make-you-rich-one-day/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129129956","content_text":"Key Points\n\nThe iBuying business is a race to grow larger, and Opendoor is winning.\nThe company is growing at a rate that is two years ahead of what management projected just a year earlier.\nThe market is bearish on virtually all SPACs, making Opendoor a bargain that could eventually bring huge returns.\n\n\nReal estate iBuying company Opendoor Technologies(NASDAQ:OPEN)has been executing at a high level in the three quarters since coming public via a special purpose acquisition company (SPAC) merger. In a race to disrupt residential real estate, one of the largest markets in the world, Opendoor's long-term potential could bring big returns for patient investors.\nDespite the upside, the market hasn't yet appreciated Opendoor's accomplishments; the stock is down more than 50% from its highs. There are three important clues that Opendoor could be a compelling investment idea for bold investors.\n1. Opendoor is winning the iBuying battle\nThe traditional home-buying process in the United States is slow and handled by multiple parties, including agents, lawyers, inspectors, and bankers. This creates a lot of back and forth paperwork and drags the process out to more than 30 days, on average.\nOpendoor pioneered the concept of \"iBuying,\" where the buying and selling of a house are digitized, and a company like Opendoor works directly with sellers to provide them with a cash offer and a digital closing process. The company then resells the house on the market. The iBuying process cuts out agents and some of the fees associated with traditional closings, such as agent commissions. Opendoor then resells the house on the market and charges a service fee of up to 5% on the transaction.\nAfter seeing Opendoor steadily grow with its iBuying concept, competitors have also begun to offer iBuying services, including Zillow Group and Offerpad. Because of how capital intensive the business is (a lot of money is needed to buy and sell thousands of houses) and how price competitive the housing market is, these companies are racing to get as big as possible. As the companies buy and sell more homes, they have the ability to become more profitable by leveraging outsourced contractors to save money, and its pricing algorithm improves as it sees more transactions.\nAccording to iBuyerStats, a website dedicated to tracking the competitors found in iBuying, Opendoor has consistently had the most housing inventory available for sale. It currently has roughly 3,300 houses for sale, 53% more than Zillow and more than four times as many as Offerpad.\n2. Revenue growth is ahead of schedule\nWhen companies go public viaSPACmerger, they lay out a public presentation of their business, often including long-term growth projections. Opendoor laid out its pre-merger investor presentation about a year ago, in September 2020.\nFast forward to the company's recent 2021 Q2 earnings call. CEO and founder Eric Wu said on the earnings call, \"... based on our current progress, our second half revenue run rate is on track to exceed our 2023 target, a full two years ahead of plan.\"\nIn other words, if Opendoor were to operate for 12 months at the level the business currently is, it would surpass the $9.8 billion in revenue it projected for 2023. This is an underlooked point because if Opendoor is already two years ahead of its original growth curve, where will it be by 2023? Sure, a dip in the housing market or other events could disrupt the company's speed of growth, but Opendoor is showing the world that the business is operating at a high level.\n3. SPACs are out of favor with the market... opportunity?\nInvestors have overlooked this strong performance, focusing instead on the fact that Opendoor joined the public market via SPAC merger. It has hardly mattered what operating results or earnings have looked like for former SPACs; the stock market has been selling off virtually all SPAC-based stocks for several months now.\nInvestors have been spooked by a handful of \"bad apple\" companies turning up fraudulent, and other companies have wildly missed on the projections they made before going public. These instances have burned those involved, and investors have taken a much more cautious attitude toward SPACs as a whole.\nBut if companies like Opendoor keep blowing away estimates, the market is likely to come around eventually. When it does, the stock price could move aggressively. If we take Eric Wu's comments about revenue and assume that Opendoor does sales of $10 billion in 2022 (in other words, Opendoor stops growing and maintains its current pace over the following year), the stock currently trades at aprice-to-sales(P/S) ratio of just 1.0. That's a bargain-bin valuation.\nCompetitor Zillow Group trades at a P/S ratio of more than 3, reflecting Opendoor's discount as a former SPAC.\nHere's the bottom line\nReal estate is a huge market, and it's a complicated industry because of the clash between traditional agents and the \"new kids\" on the block trying to bring technology into homebuying. It's too early to say that Opendoor will become the \"Amazon\" of home buying, but what seems certain is that the company is poised to be a big player in real estate's future if it keeps performing like this.","news_type":1,"symbols_score_info":{"OPEN":0.9}},"isVote":1,"tweetType":1,"viewCount":623,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813302455,"gmtCreate":1630127502877,"gmtModify":1704956366510,"author":{"id":"3576027952605838","authorId":"3576027952605838","name":"Jameslky1","avatar":"https://static.tigerbbs.com/3cbe4d8cb2765489cecf6ce00fb3235d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576027952605838","idStr":"3576027952605838"},"themes":[],"title":"","htmlText":"Competition is good","listText":"Competition is good","text":"Competition is good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/813302455","repostId":"2162907389","repostType":4,"isVote":1,"tweetType":1,"viewCount":636,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814306886,"gmtCreate":1630756230545,"gmtModify":1631889075554,"author":{"id":"3576027952605838","authorId":"3576027952605838","name":"Jameslky1","avatar":"https://static.tigerbbs.com/3cbe4d8cb2765489cecf6ce00fb3235d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576027952605838","idStr":"3576027952605838"},"themes":[],"title":"","htmlText":"Shld buy zoom?","listText":"Shld buy zoom?","text":"Shld buy zoom?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/814306886","repostId":"2164872049","repostType":4,"repost":{"id":"2164872049","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1630679468,"share":"https://www.laohunote.com/m/news/2164872049?lang=zh_CN&edition=full","pubTime":"2021-09-03 22:31","market":"us","language":"en","title":"Zooming In On Zoom's Solid But Not Good Enough Results<blockquote>放大 Zoom 可靠但不够好的结果</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2164872049","media":"Benzinga Earnings","summary":"Despite logging its first billion-dollar quarter, the stock of Zoom Video Communications (NASDAQ: ZM) fell almost 11% on Monday after the company posted a higher-than-expected earnings forecast for the full year. The revenue guidance exactly met expectations, but sales-growth rates fall to new lows.","content":"<p>Despite logging its first billion-dollar quarter, the stock of&nbsp;<b>Zoom</b>&nbsp;<b>Video Communications</b> (NASDAQ:ZM) fell almost 11% on Monday after the company posted a higher-than-expected earnings forecast for the full year. The revenue guidance exactly met expectations, but sales-growth rates fall to new lows. In simple words, the video platform has continued to grow, but not at the overly optimistic pace that analysts expected.</p><p><blockquote>尽管第一个季度营收突破十亿美元，但<b>缩放</b> <b>视频通信</b>（纳斯达克股票代码：ZM）周一下跌近 11%，此前该公司发布了高于预期的全年盈利预测。收入指引完全符合预期，但销售增长率降至新低。简而言之，视频平台持续增长，但速度并不像分析师预期的那样过于乐观。</blockquote></p><p> <h4>Q2 Figures</h4> For the quarter that ended on July 31st, revenue increased by 54% YoY in the quarter &nbsp;and topping $1 billion for the first time as it amounted to $1.02 billion, also exceeding Refinitiv expectations of $991.0 million as expected by analysts, according to Refinitiv. Adjusted net income came in 48% higher from the year-ago quarter, amounting to $1.36 per share, also exceeding $1.16 expected by Refinitiv. Free cash flow improved 22% as it improved to $455 million.</p><p><blockquote><h4>Q2 数字</h4>根据路孚特的数据，截至7月31日的季度，该季度收入同比增长54%，首次突破10亿美元，达到10.2亿美元，也超过了路孚特分析师预期的9.91亿美元。调整后净利润较去年同期增长 48%，达到每股 1.36 美元，也超过了 Refinitiv 预期的 1.16 美元。自由现金流提高了 22%，达到 4.55 亿美元。</blockquote></p><p> Gross margin improved from 72.3% in the previous quarter to 74.4%. Gross margin benefited from new data center capacity as well as lower usage during the summer, thanks in part to the school break. The Zoom Phone cloud-based phone service expanded from 1.5 million three months earlier to 2 million seats.</p><p><blockquote>毛利率从上一季度的72.3%提高到74.4%。毛利率受益于新的数据中心容量以及夏季使用率的降低，部分原因是学校放假。Zoom Phone基于云的电话服务从三个月前的150万个扩展到200万个座位。</blockquote></p><p> <h4>Outlook</h4> During the quarter, Zoom announced it will acquire cloud contact-center software provider Five9, along with the availability of Zoom Events for premium online meetings. The video communications company also invested in event software maker Cvent that sought to go public through a SPAC.</p><p><blockquote><h4>世界观</h4>本季度，Zoom宣布将收购云联络中心软件提供商Five9，以及用于高级在线会议的Zoom Events。这家视频通信公司还投资了活动软件制造商 Cvent，后者寻求通过 SPAC 上市。</blockquote></p><p> As for the undergoing quarter, Zoom is guiding to 31% growth. Adjusted earnings per share are expected in the range between $1.07 to $1.08 with $1.015 billion to $1.020 billion in revenue.</p><p><blockquote>至于本季度，Zoom 预计增长 31%。调整后每股收益预计在 1.07 美元至 1.08 美元之间，收入为 10.15 亿美元至 10.20 亿美元。</blockquote></p><p> For the full fiscal year, it improved its forecast as coronavirus case counts have increased and many companies delayed plans to reopen offices. Adjusted earnings are expected to be in the range between $4.75 to $4.79 per share with the revenue range being within $4.005 billion and $4.015 billion in revenue. Previous estimates for adjusted earnings were $4.56 to $4.61 and $3.98 billion to $3.99 billion for revenue.</p><p><blockquote>对于整个财年，由于冠状病毒病例数量增加以及许多公司推迟了重新开放办公室的计划，该公司提高了预测。调整后每股收益预计在 4.75 美元至 4.79 美元之间，收入范围在 40.05 亿美元至 40.15 亿美元之间。此前对调整后收益的预期为 4.56 美元至 4.61 美元，收入为 39.8 亿美元至 39.9 亿美元。</blockquote></p><p> The forecast is ahead of analysts' consensus estimates for both adjusted earnings per share and revenue, being $4.67 and $4.01 billion, respectively.</p><p><blockquote>该预测超出了分析师对调整后每股收益和收入的普遍预期，分别为 4.67 亿美元和 40.1 亿美元。</blockquote></p><p> The guidance assumes strong growth for the direct and channel businesses, but also a weakness in the online business because of challenges encountered by smaller customers and consumers. Gross margin is expected to expand with students resuming classes.</p><p><blockquote>该指引假设直接和渠道业务增长强劲，但由于较小的客户和消费者遇到的挑战，在线业务也会疲软。随着学生复课，毛利率预计将扩大。</blockquote></p><p> <h4>The Verdict</h4> By most standards,&nbsp;Zoom's business metrics look solid with 2,278 customers contributing $100,000 or more to its annual revenue. This is well over double its last year's big-client count. Customers with more than 10 employees vaulted over the half-million mark, up 36% YoY. On a trailing 12-month basis, net dollar expansion rates remained above 130%. But its results just weren't good enough for Wall Street who was not pleased to see the company calling for roughly flat third-quarter revenue compared to the second quarter.</p><p><blockquote><h4>判决</h4>按照大多数标准，Zoom 的业务指标看起来很稳健，2,278 名客户为其年收入贡献了 10 万美元或更多。这是去年大客户数量的两倍多。拥有 10 名以上员工的客户数量突破 50 万大关，同比增长 36%。在过去 12 个月的基础上，美元净扩张率保持在 130% 以上。但对于华尔街来说，它的业绩还不够好，华尔街不高兴看到该公司第三季度收入与第二季度大致持平。</blockquote></p><p> <i>This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: contributors@iamnewswire.com</i></p><p><blockquote><i>本文不是新闻稿，由IAMNewswire的一名经过核实的独立记者撰写。在任何时候都不应被解释为投资建议，请阅读完整的披露。IAM Newswire在上述公司中没有任何头寸。新闻稿 – 如果您正在寻找完整的新闻稿分发联系方式：press@iamnewswire.com 投稿人 – IAM Newswire 接受推介。如果您有兴趣成为 IAM 记者，请联系：contributors@iamnewswire.com</i></blockquote></p><p> The post Zooming in on Zoom's Solid But Not Good Enough Results appeared first on IAM Newswire.</p><p><blockquote>放大Zoom可靠但不够好的结果的帖子首先出现在IAM新闻专线上。</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>Zooming In On Zoom's Solid But Not Good Enough Results<blockquote>放大 Zoom 可靠但不够好的结果</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\">\nZooming In On Zoom's Solid But Not Good Enough Results<blockquote>放大 Zoom 可靠但不够好的结果</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-09-03 22:31</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Despite logging its first billion-dollar quarter, the stock of&nbsp;<b>Zoom</b>&nbsp;<b>Video Communications</b> (NASDAQ:ZM) fell almost 11% on Monday after the company posted a higher-than-expected earnings forecast for the full year. The revenue guidance exactly met expectations, but sales-growth rates fall to new lows. In simple words, the video platform has continued to grow, but not at the overly optimistic pace that analysts expected.</p><p><blockquote>尽管第一个季度营收突破十亿美元，但<b>缩放</b> <b>视频通信</b>（纳斯达克股票代码：ZM）周一下跌近 11%，此前该公司发布了高于预期的全年盈利预测。收入指引完全符合预期，但销售增长率降至新低。简而言之，视频平台持续增长，但速度并不像分析师预期的那样过于乐观。</blockquote></p><p> <h4>Q2 Figures</h4> For the quarter that ended on July 31st, revenue increased by 54% YoY in the quarter &nbsp;and topping $1 billion for the first time as it amounted to $1.02 billion, also exceeding Refinitiv expectations of $991.0 million as expected by analysts, according to Refinitiv. Adjusted net income came in 48% higher from the year-ago quarter, amounting to $1.36 per share, also exceeding $1.16 expected by Refinitiv. Free cash flow improved 22% as it improved to $455 million.</p><p><blockquote><h4>Q2 数字</h4>根据路孚特的数据，截至7月31日的季度，该季度收入同比增长54%，首次突破10亿美元，达到10.2亿美元，也超过了路孚特分析师预期的9.91亿美元。调整后净利润较去年同期增长 48%，达到每股 1.36 美元，也超过了 Refinitiv 预期的 1.16 美元。自由现金流提高了 22%，达到 4.55 亿美元。</blockquote></p><p> Gross margin improved from 72.3% in the previous quarter to 74.4%. Gross margin benefited from new data center capacity as well as lower usage during the summer, thanks in part to the school break. The Zoom Phone cloud-based phone service expanded from 1.5 million three months earlier to 2 million seats.</p><p><blockquote>毛利率从上一季度的72.3%提高到74.4%。毛利率受益于新的数据中心容量以及夏季使用率的降低，部分原因是学校放假。Zoom Phone基于云的电话服务从三个月前的150万个扩展到200万个座位。</blockquote></p><p> <h4>Outlook</h4> During the quarter, Zoom announced it will acquire cloud contact-center software provider Five9, along with the availability of Zoom Events for premium online meetings. The video communications company also invested in event software maker Cvent that sought to go public through a SPAC.</p><p><blockquote><h4>世界观</h4>本季度，Zoom宣布将收购云联络中心软件提供商Five9，以及用于高级在线会议的Zoom Events。这家视频通信公司还投资了活动软件制造商 Cvent，后者寻求通过 SPAC 上市。</blockquote></p><p> As for the undergoing quarter, Zoom is guiding to 31% growth. Adjusted earnings per share are expected in the range between $1.07 to $1.08 with $1.015 billion to $1.020 billion in revenue.</p><p><blockquote>至于本季度，Zoom 预计增长 31%。调整后每股收益预计在 1.07 美元至 1.08 美元之间，收入为 10.15 亿美元至 10.20 亿美元。</blockquote></p><p> For the full fiscal year, it improved its forecast as coronavirus case counts have increased and many companies delayed plans to reopen offices. Adjusted earnings are expected to be in the range between $4.75 to $4.79 per share with the revenue range being within $4.005 billion and $4.015 billion in revenue. Previous estimates for adjusted earnings were $4.56 to $4.61 and $3.98 billion to $3.99 billion for revenue.</p><p><blockquote>对于整个财年，由于冠状病毒病例数量增加以及许多公司推迟了重新开放办公室的计划，该公司提高了预测。调整后每股收益预计在 4.75 美元至 4.79 美元之间，收入范围在 40.05 亿美元至 40.15 亿美元之间。此前对调整后收益的预期为 4.56 美元至 4.61 美元，收入为 39.8 亿美元至 39.9 亿美元。</blockquote></p><p> The forecast is ahead of analysts' consensus estimates for both adjusted earnings per share and revenue, being $4.67 and $4.01 billion, respectively.</p><p><blockquote>该预测超出了分析师对调整后每股收益和收入的普遍预期，分别为 4.67 亿美元和 40.1 亿美元。</blockquote></p><p> The guidance assumes strong growth for the direct and channel businesses, but also a weakness in the online business because of challenges encountered by smaller customers and consumers. Gross margin is expected to expand with students resuming classes.</p><p><blockquote>该指引假设直接和渠道业务增长强劲，但由于较小的客户和消费者遇到的挑战，在线业务也会疲软。随着学生复课，毛利率预计将扩大。</blockquote></p><p> <h4>The Verdict</h4> By most standards,&nbsp;Zoom's business metrics look solid with 2,278 customers contributing $100,000 or more to its annual revenue. This is well over double its last year's big-client count. Customers with more than 10 employees vaulted over the half-million mark, up 36% YoY. On a trailing 12-month basis, net dollar expansion rates remained above 130%. But its results just weren't good enough for Wall Street who was not pleased to see the company calling for roughly flat third-quarter revenue compared to the second quarter.</p><p><blockquote><h4>判决</h4>按照大多数标准，Zoom 的业务指标看起来很稳健，2,278 名客户为其年收入贡献了 10 万美元或更多。这是去年大客户数量的两倍多。拥有 10 名以上员工的客户数量突破 50 万大关，同比增长 36%。在过去 12 个月的基础上，美元净扩张率保持在 130% 以上。但对于华尔街来说，它的业绩还不够好，华尔街不高兴看到该公司第三季度收入与第二季度大致持平。</blockquote></p><p> <i>This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: contributors@iamnewswire.com</i></p><p><blockquote><i>本文不是新闻稿，由IAMNewswire的一名经过核实的独立记者撰写。在任何时候都不应被解释为投资建议，请阅读完整的披露。IAM Newswire在上述公司中没有任何头寸。新闻稿 – 如果您正在寻找完整的新闻稿分发联系方式：press@iamnewswire.com 投稿人 – IAM Newswire 接受推介。如果您有兴趣成为 IAM 记者，请联系：contributors@iamnewswire.com</i></blockquote></p><p> The post Zooming in on Zoom's Solid But Not Good Enough Results appeared first on IAM Newswire.</p><p><blockquote>放大Zoom可靠但不够好的结果的帖子首先出现在IAM新闻专线上。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2164872049","content_text":"Despite logging its first billion-dollar quarter, the stock of Zoom Video Communications (NASDAQ:ZM) fell almost 11% on Monday after the company posted a higher-than-expected earnings forecast for the full year. The revenue guidance exactly met expectations, but sales-growth rates fall to new lows. In simple words, the video platform has continued to grow, but not at the overly optimistic pace that analysts expected.\nQ2 Figures\nFor the quarter that ended on July 31st, revenue increased by 54% YoY in the quarter  and topping $1 billion for the first time as it amounted to $1.02 billion, also exceeding Refinitiv expectations of $991.0 million as expected by analysts, according to Refinitiv. Adjusted net income came in 48% higher from the year-ago quarter, amounting to $1.36 per share, also exceeding $1.16 expected by Refinitiv. Free cash flow improved 22% as it improved to $455 million.\nGross margin improved from 72.3% in the previous quarter to 74.4%. Gross margin benefited from new data center capacity as well as lower usage during the summer, thanks in part to the school break. The Zoom Phone cloud-based phone service expanded from 1.5 million three months earlier to 2 million seats.\nOutlook\nDuring the quarter, Zoom announced it will acquire cloud contact-center software provider Five9, along with the availability of Zoom Events for premium online meetings. The video communications company also invested in event software maker Cvent that sought to go public through a SPAC.\nAs for the undergoing quarter, Zoom is guiding to 31% growth. Adjusted earnings per share are expected in the range between $1.07 to $1.08 with $1.015 billion to $1.020 billion in revenue.\nFor the full fiscal year, it improved its forecast as coronavirus case counts have increased and many companies delayed plans to reopen offices. Adjusted earnings are expected to be in the range between $4.75 to $4.79 per share with the revenue range being within $4.005 billion and $4.015 billion in revenue. Previous estimates for adjusted earnings were $4.56 to $4.61 and $3.98 billion to $3.99 billion for revenue.\nThe forecast is ahead of analysts' consensus estimates for both adjusted earnings per share and revenue, being $4.67 and $4.01 billion, respectively.\nThe guidance assumes strong growth for the direct and channel businesses, but also a weakness in the online business because of challenges encountered by smaller customers and consumers. Gross margin is expected to expand with students resuming classes.\nThe Verdict\nBy most standards, Zoom's business metrics look solid with 2,278 customers contributing $100,000 or more to its annual revenue. This is well over double its last year's big-client count. Customers with more than 10 employees vaulted over the half-million mark, up 36% YoY. On a trailing 12-month basis, net dollar expansion rates remained above 130%. But its results just weren't good enough for Wall Street who was not pleased to see the company calling for roughly flat third-quarter revenue compared to the second quarter.\nThis article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: contributors@iamnewswire.com\nThe post Zooming in on Zoom's Solid But Not Good Enough Results appeared first on IAM Newswire.","news_type":1,"symbols_score_info":{"ZM":0.9}},"isVote":1,"tweetType":1,"viewCount":489,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}