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ZeRoCoOl

ZeRoCoOl

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2021-11-05

To the Moon!!

5 Large-Cap Stocks Expected to Increase Sales 313% to 1,304% by 2023<blockquote>5只大盘股预计到2023年销售额将增长313%至1,304%</blockquote>

2021-11-18

Too early to tell if company has sound Technology.Hit and run to make a quick buckHold a small amount then wait and hope

Sono Motors spikes 52% on its first day of trading<blockquote>Sono Motors首日交易飙升52%</blockquote>

2021-07-08

Time to buy buy buy

抱歉，原内容已删除

2021-06-20

Like please

抱歉，原内容已删除

2021-10-13

To the moon!!!

抱歉，原内容已删除

2021-05-28

Hit and run for a quick gain.

抱歉，原内容已删除

2021-11-16

$Intel(INTC)$Still have time to jump in for aquickie

2021-07-08

Go Apple!!

抱歉，原内容已删除

2021-06-18

Probably good time to explore metals for long term

抱歉，原内容已删除

2021-05-28

Watch closely the overall market but also watch the fundamentals of their earnings

Meituan reports second consecutive quarterly loss<blockquote>美团-W报告连续第二个季度亏损</blockquote>

去老虎APP查看更多动态

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early to tell if company has sound Technology.Hit and run to make a quick buckHold a small amount then wait and hope","listText":"Too early to tell if company has sound Technology.Hit and run to make a quick buckHold a small amount then wait and hope","text":"Too early to tell if company has sound Technology.Hit and run to make a quick buckHold a small amount then wait and hope","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878689744","repostId":"1105577642","repostType":4,"repost":{"id":"1105577642","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":1637163145,"share":"https://www.laohu8.com/m/news/1105577642?lang=zh_CN&edition=full","pubTime":"2021-11-17 23:32","market":"us","language":"en","title":"Sono Motors spikes 52% on its first day of trading<blockquote>Sono Motors首日交易飙升52%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105577642","media":"Tiger Newspress","summary":"Sono Motors spikes 52% on its first day of trading.\n\nSono Group N.V. announces the pricing of its in","content":"<p>Sono Motors spikes 52% on its first day of trading.</p><p><blockquote>Sono Motors首日交易股价飙升52%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a566216757e81e7503c8f24c9b477862\" tg-width=\"773\" tg-height=\"563\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Sono Group N.V.&nbsp;announces the pricing of its initial public offering of 10,000,000 common shares at a price to the public of $15.00 per share. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 common shares at the initial public offering price. The common shares are expected to begin trading on the Nasdaq Global Market on November 17, 2021, under the ticker symbol “SEV”. The offering is expected to close on November 19, 2021, subject to customary closing conditions.</p><p><blockquote>Sono Group N.V.宣布首次公开发行10,000,000股普通股的定价为每股15.00美元。此外，该公司还授予承销商30天的选择权，以首次公开发行价格额外购买最多1,500,000股普通股。普通股预计将于2021年11月17日在纳斯达克全球市场开始交易，股票代码为“SEV”。此次发行预计将于2021年11月19日结束，具体取决于惯例成交条件。</blockquote></p><p> Sono Motors is on a pioneering mission to accelerate the revolution of mobility by making every vehicle solar. 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These vehicles will be produced through contract manufacturing with customer deliveries expected to begin in the first half of 2023.</p><p><blockquote>Sono Motors正在开发面向大众的世界first solar电动汽车（SEV）Sion。在强大社区的支持下，Sono Motors已经为Sion积累了超过16,000份预付款预订。这些车辆将通过合同制造生产，预计将于2023年上半年开始向客户交付。</blockquote></p><p> The unmatched solar technology is also being licensed to other manufacturers for application in vehicles such as buses, trailers, trucks, camper vans, trains and boats.</p><p><blockquote>这项无与伦比的太阳能技术也被授权给其他制造商，用于公共汽车、拖车、卡车、露营车、火车和船只等车辆。</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>Sono Motors spikes 52% on its first day of trading<blockquote>Sono Motors首日交易飙升52%</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\">\nSono Motors spikes 52% on its first day of trading<blockquote>Sono Motors首日交易飙升52%</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\">2021-11-17 23:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Sono Motors spikes 52% on its first day of trading.</p><p><blockquote>Sono Motors首日交易股价飙升52%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a566216757e81e7503c8f24c9b477862\" tg-width=\"773\" tg-height=\"563\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Sono Group N.V.&nbsp;announces the pricing of its initial public offering of 10,000,000 common shares at a price to the public of $15.00 per share. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 common shares at the initial public offering price. The common shares are expected to begin trading on the Nasdaq Global Market on November 17, 2021, under the ticker symbol “SEV”. The offering is expected to close on November 19, 2021, subject to customary closing conditions.</p><p><blockquote>Sono Group N.V.宣布首次公开发行10,000,000股普通股的定价为每股15.00美元。此外，该公司还授予承销商30天的选择权，以首次公开发行价格额外购买最多1,500,000股普通股。普通股预计将于2021年11月17日在纳斯达克全球市场开始交易，股票代码为“SEV”。此次发行预计将于2021年11月19日结束，具体取决于惯例成交条件。</blockquote></p><p> Sono Motors is on a pioneering mission to accelerate the revolution of mobility by making every vehicle solar. Its disruptive solar technology has been developed to enable seamless integration into all types of vehicles to reduce the impact of CO2 emissions and pave the way for climate-friendly mobility.</p><p><blockquote>索诺汽车公司肩负着一项开创性的使命，通过使每辆车都成为太阳能来加速移动革命。其颠覆性太阳能技术的开发能够无缝集成到所有类型的车辆中，以减少二氧化碳排放的影响，并为气候友好型交通铺平道路。</blockquote></p><p> Sono Motors is developing the world’s first solar electric vehicle (SEV) for the masses, the Sion. Empowered by a strong community, Sono Motors has amassed more than 16,000 reservations with advance payments for the Sion. These vehicles will be produced through contract manufacturing with customer deliveries expected to begin in the first half of 2023.</p><p><blockquote>Sono Motors正在开发面向大众的世界first solar电动汽车（SEV）Sion。在强大社区的支持下，Sono Motors已经为Sion积累了超过16,000份预付款预订。这些车辆将通过合同制造生产，预计将于2023年上半年开始向客户交付。</blockquote></p><p> The unmatched solar technology is also being licensed to other manufacturers for application in vehicles such as buses, trailers, trucks, camper vans, trains and boats.</p><p><blockquote>这项无与伦比的太阳能技术也被授权给其他制造商，用于公共汽车、拖车、卡车、露营车、火车和船只等车辆。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SEV":"Aptera Motors"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105577642","content_text":"Sono Motors spikes 52% on its first day of trading.\n\nSono Group N.V. announces the pricing of its initial public offering of 10,000,000 common shares at a price to the public of $15.00 per share. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 common shares at the initial public offering price. The common shares are expected to begin trading on the Nasdaq Global Market on November 17, 2021, under the ticker symbol “SEV”. The offering is expected to close on November 19, 2021, subject to customary closing conditions.\nSono Motors is on a pioneering mission to accelerate the revolution of mobility by making every vehicle solar. Its disruptive solar technology has been developed to enable seamless integration into all types of vehicles to reduce the impact of CO2 emissions and pave the way for climate-friendly mobility.\nSono Motors is developing the world’s first solar electric vehicle (SEV) for the masses, the Sion. Empowered by a strong community, Sono Motors has amassed more than 16,000 reservations with advance payments for the Sion. These vehicles will be produced through contract manufacturing with customer deliveries expected to begin in the first half of 2023.\nThe unmatched solar technology is also being licensed to other manufacturers for application in vehicles such as buses, trailers, trucks, camper vans, trains and boats.","news_type":1,"symbols_score_info":{"SEV":0.9}},"isVote":1,"tweetType":1,"viewCount":3043,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871215204,"gmtCreate":1637073817880,"gmtModify":1637073845769,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580887198114940","idStr":"3580887198114940"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/INTC\">$Intel(INTC)$</a>Still have time to jump in for aquickie","listText":"<a href=\"https://laohu8.com/S/INTC\">$Intel(INTC)$</a>Still have time to jump in for aquickie","text":"$Intel(INTC)$Still have time to jump in for aquickie","images":[{"img":"https://static.tigerbbs.com/83999e14eec3a333c03e0c1d286c8beb","width":"1125","height":"2686"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/871215204","isVote":1,"tweetType":1,"viewCount":2630,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":846378048,"gmtCreate":1636064530551,"gmtModify":1636064530647,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580887198114940","idStr":"3580887198114940"},"themes":[],"htmlText":"To the Moon!!","listText":"To the Moon!!","text":"To the Moon!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/846378048","repostId":"1144131531","repostType":4,"repost":{"id":"1144131531","kind":"news","pubTimestamp":1636022596,"share":"https://www.laohu8.com/m/news/1144131531?lang=zh_CN&edition=full","pubTime":"2021-11-04 18:43","market":"us","language":"en","title":"5 Large-Cap Stocks Expected to Increase Sales 313% to 1,304% by 2023<blockquote>5只大盘股预计到2023年销售额将增长313%至1,304%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1144131531","media":"Motley Fool","summary":"These were some of the fastest-growing large-cap stocks on the planet over a three-year stretch.","content":"<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>Be careful: Sales growth alone doesn't always give you the full story about a company.</li> </ul> Since the Great Recession ended in 2009, no group of companies has performed better than&nbsp;growth stocks. Historically low lending rates and the Federal Reserve's insistence on using quantitative-easing measures to keep rates low has led to abundant access to cheap capital.</p><p><blockquote><ul><li>小心：仅靠销售增长并不总是能让您了解一家公司的全部情况。</li></ul>自2009年大衰退结束以来，没有哪一组公司的表现比成长型股票更好。历史上较低的贷款利率和美联储坚持使用量化宽松措施来保持低利率，导致廉价资本的充足渠道。</blockquote></p><p> And it's not just small-cap stocks that are leaving a fiery trail of growth in their wake. According to consensus sales estimates from Wall Street, the following five&nbsp;large-cap stocks(companies with market caps of at least $10 billion) are all on pace to grow their annual sales by 313% to as much as 1,304% by 2023.</p><p><blockquote>不仅仅是小盘股留下了火热的增长轨迹。根据华尔街的一致销售额估计，以下五只大盘股（市值至少为100亿美元的公司）的年销售额都有望在2023年增长313%，达到1,304%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ddae655c5dfcf584e1db5b561b7b2051\" tg-width=\"2000\" tg-height=\"1529\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Nio: 447% implied sales growth by 2023</b></p><p><blockquote><b>蔚来：到2023年隐含销售额增长447%</b></blockquote></p><p> Electric-vehicle(EV) manufacturers should be some of the fastest-growing companies of the decade, and&nbsp;<b>Nio</b>(NYSE:NIO)&nbsp;is no exception. After the company produced $2.58 billion in sales last year, Wall Street's forecast calls for Nio to drive home roughly $14.1 billion in annual sales by 2023.</p><p><blockquote>电动汽车(EV)制造商应该是十年来增长最快的公司之一，并且<b>蔚来</b>（纽约证券交易所代码：蔚来）也不例外。继该公司去年实现25.8亿美元的销售额后，华尔街预测蔚来的评级到2023年将实现约141亿美元的年销售额。</blockquote></p><p> It's no secret that virtually all of the largest economies in the world are taking steps to fight climate change. Pushing consumers and enterprises to shift to EVs is one of the easiest ways to reduce carbon emissions. Nio is headquartered in the largest auto market in the world, China, which should see half of its annual vehicle sales be EVs or hybrids (mostly the former) by 2035, according to the Society of Automotive Engineers of China.</p><p><blockquote>众所周知，世界上几乎所有最大的经济体都在采取措施应对气候变化。推动消费者和企业转向电动汽车是减少碳排放最简单的方法之一。蔚来总部位于全球最大的汽车市场中国，根据中国汽车工程学会的数据，到2035年，中国年汽车销量的一半将是电动汽车或混合动力汽车（主要是前者）。</blockquote></p><p> Nio's rapid sales growth&nbsp;is being driven by its innovation. The company is introducing a new EV each year -- and its high-margin, loyalty-driven subscription program. Last year, it introduced a battery-as-a-service subscription program that'll allow buyers to upgrade or replace their batteries. This service also reduces the upfront cost of Nio's EVs.</p><p><blockquote>蔚来的快速销售增长是由其创新推动的。该公司每年都会推出一款新的电动汽车及其高利润、忠诚度驱动的订阅计划。去年，它推出了电池即服务订阅计划，允许买家升级或更换电池。这项服务还降低了蔚来电动汽车的前期成本。</blockquote></p><p> In exchange for giving up near-term sales, Nio is receiving high-margin monthly subscription revenue. More importantly, it's keeping buyers loyal to the brand.</p><p><blockquote>作为放弃近期销售的交换，蔚来正在获得高利润的月度订阅收入。更重要的是，它让买家对品牌保持忠诚。</blockquote></p><p> Assuming the auto industry can overcome recent chip shortages, Nio shouldn't have any trouble expanding its capacity and more than quintupling its sales in three years.</p><p><blockquote>假设汽车行业能够克服最近的芯片短缺问题，蔚来扩大产能并在三年内将销量增加五倍以上应该没有任何问题。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6a0952a9abfc3d69f1c7af0861a2d97b\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Snowflake: 401% implied sales growth by 2023</b></p><p><blockquote><b>Snowflake：到2023年隐含销售额增长401%</b></blockquote></p><p> Although double-digit sales growth is commonplace among cloud stocks, cloud data-warehousing company&nbsp;<b>Snowflake</b>(NYSE:SNOW)&nbsp;seems to be in a league of its own. In fiscal 2021, Snowflake brought in about $592 million in sales. By fiscal 2024, which ends in calendar year 2023, Wall Street is looking for Snowflake to generate almost $2.97 billion in revenue. That's a quintupling in sales, for those of you keeping score at home.</p><p><blockquote>尽管两位数的销售额增长在云股中司空见惯，但云数据仓储公司<b>雪花</b>（纽约证券交易所股票代码：SNOW）似乎独树一帜。2021财年，Snowflake的销售额约为5.92亿美元。到2023日历年结束的2024财年，华尔街预计Snowflake将产生近29.7亿美元的收入。对于那些在家记分的人来说，销售额增长了五倍。</blockquote></p><p> The Snowflake growth story&nbsp;is all about competitive advantages. For example, instead of opting for the popular subscription-based model, Snowflake charges its customers based on how much data they store and how many Snowflake Compute Credits used. This is a more transparent cost approach that its customers seem to like.</p><p><blockquote>雪花成长的故事是关于竞争优势的。例如，Snowflake没有选择流行的基于订阅的模式，而是根据客户存储的数据量和使用的Snowflake计算点数向客户收费。这是一种更透明的成本方法，其客户似乎很喜欢。</blockquote></p><p> Further, Snowflake's infrastructure is built atop the leading cloud-infrastructure service providers. This helps the company's clients work around data-sharing barriers that might otherwise exist between competing cloud platforms.</p><p><blockquote>此外，Snowflake的基础设施建立在领先的云基础设施服务提供商之上。这有助于该公司的客户解决竞争云平台之间可能存在的数据共享障碍。</blockquote></p><p> The big question is whether Snowflake can support its nosebleed valuation of 94 times projected fiscal 2022 sales, with profitability still a long way off. To that end, I'm not so sure -- but Ihave been proven wrong, thus far.</p><p><blockquote>最大的问题是，Snowflake能否支撑其2022财年预计销售额94倍的令人鼻血的估值，而盈利还有很长的路要走。为此，我不太确定——但到目前为止，我已经被证明是错的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/537b181fc66378021049916184ef4425\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Sea Limited: 322% implied sales growth by 2023</b></p><p><blockquote><b>Sea Limited：到2023年隐含销售额增长322%</b></blockquote></p><p> Another large-cap stock with big-time sales-growth expectations is Singapore-based&nbsp;<b>Sea Limited</b>(NYSE:SE). Sea reported $4.38 billion in sales last year. Come 2023, Wall Street is expecting roughly $18.5 billion in full-year revenue.</p><p><blockquote>另一只销售增长预期巨大的大盘股是新加坡<b>海有限公司</b>（纽约证券交易所代码：SE）。Sea去年的销售额为43.8亿美元。到2023年，华尔街预计全年收入约为185亿美元。</blockquote></p><p> Sea's not-so-secret key to success is its diversified trio of high-growth segments. First, there's digital entertainment, which is the only one generating positive earnings before interest, taxes, depreciation, and amortization (EBITDA). Sea ended June with 725 million quarterly active mobile gamers, 12.7% of which were paying to play. This conversion rate&nbsp;is significantly higher than the industry average.</p><p><blockquote>Sea成功的关键不是什么秘密，而是其多元化的三个高增长细分市场。首先是数字娱乐，它是唯一一个产生正息税折旧摊销前利润(EBITDA)的行业。截至6月，Sea的季度活跃移动游戏玩家为7.25亿，其中12.7%是付费游戏。这一转化率明显高于行业平均水平。</blockquote></p><p></p><p> The company's&nbsp;most exciting segment&nbsp;is e-commerce platform Shopee, which has consistently been the most-downloaded shopping app in Southeastern Asia and has seen rapid growth in Brazil. To offer some context as to how quickly Shopee is growing, the gross merchandise value (GMV) transacted in the second quarter was $15 billion. Meanwhile, only $10 billion in GMV was registered on Shopee in all of 2018.</p><p><blockquote>该公司最令人兴奋的部分是电子商务平台Shopee，该平台一直是东南亚下载量最大的购物应用程序，并在巴西快速增长。为了提供有关Shopee增长速度的一些背景信息，第二季度的商品交易总额(GMV)为150亿美元。与此同时，2018年全年Shopee上注册的GMV仅为100亿美元。</blockquote></p><p> Lastly, Sea's nascent digital-wallet services segment is growing rapidly. The company is nearing 33 million paying mobile-wallet users. With Sea focusing on numerous underbanked regions, this digital financial-services segment could be a sneaky strong growth driver for years to come.</p><p><blockquote>最后，Sea新兴的数字钱包服务部门正在快速增长。该公司拥有近3300万付费移动钱包用户。随着Sea专注于众多银行服务不足的地区，这一数字金融服务领域可能会成为未来几年的强劲增长动力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2d05a27ae059e7e27dd31e695de449b2\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>AMC Entertainment: 313% implied sales growth by 2023</b></p><p><blockquote><b>AMC院线：到2023年隐含销售额增长313%</b></blockquote></p><p> Sometimes, sales growth alone doesn't give investors the full picture. For instance,movie-theater stock&nbsp;<b>AMC Entertainment</b>(NYSE:AMC)&nbsp;is slated to grow its sales from $1.24 billion in 2020 to an estimated $5.22 billion by 2023. However, the pandemic ravaged AMC and forced many of its theaters to temporarily close. This $5.22 billion estimate for 2023 still represents a decline from the $5.47 billion in sales recorded in 2019, the year prior to the pandemic.</p><p><blockquote>有时，仅靠销售增长并不能让投资者了解全貌。例如，电影院股票<b>AMC院线</b>（纽约证券交易所股票代码：AMC）的销售额预计将从2020年的12.4亿美元增长到2023年的52.2亿美元。然而，疫情肆虐AMC，迫使其许多影院暂时关闭。2023年52.2亿美元的销售额仍较大流行前一年2019年54.7亿美元的销售额有所下降。</blockquote></p><p> Whether it's industry or company specific,nothing seems to be working in AMC's favor. The movie-theater industry has been mired in a 19-year decline, with inflation-adjusted box-office gross sales falling 22% between 2002 and 2019.</p><p><blockquote>无论是行业还是公司具体情况，似乎都没有什么对AMC有利。电影业陷入了长达19年的下滑，2002年至2019年间，经通胀调整的票房总收入下降了22%。</blockquote></p><p> Even though AMC has been able to secure some exclusivity agreements with major studios, these agreements range from 30 to 45 days. Prior to the pandemic, theatrical exclusivity extended 75 to 90 days. There's no question that AMC has lost its bargaining power to studios, or that streaming is eating into its margins.</p><p><blockquote>尽管AMC已经能够与主要工作室达成一些独家协议，但这些协议的期限从30天到45天不等。在疫情之前，影院独占期延长了75至90天。毫无疑问，AMC已经失去了对工作室的议价能力，或者流媒体正在蚕食其利润。</blockquote></p><p> As for the company, it's unlikely to be profitable any time before 2024, and&nbsp;the math simply doesn't check out&nbsp;as to how it'll eventually pay back its $5.4 billion in outstanding debt, $420 million in deferred rent, and nearly $4.9 billion in long-term lease liabilities. With weekly box-office gross sales consistently down double digits from 2019, there's little doubt AMC will continue to burn through its remaining cash.</p><p><blockquote>至于该公司，在2024年之前的任何时候都不太可能盈利，而且数学根本无法确定它最终将如何偿还54亿美元的未偿债务、4.2亿美元的递延租金和近49亿美元的长期租赁负债。由于每周票房总额较2019年持续下降两位数，毫无疑问AMC将继续耗尽剩余现金。</blockquote></p><p> Even with \"rapid sales growth,\" some companies should be avoided like the plague.</p><p><blockquote>即使“销售快速增长”，也应该像躲避瘟疫一样避开一些公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5fc13611f3bbe728494e0ef9d530643\" tg-width=\"2000\" tg-height=\"1334\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Moderna: 1,304% implied sales growth by 2023</b></p><p><blockquote><b>Moderna：到2023年隐含销售额增长1,304%</b></blockquote></p><p> The kingpin of sales growth on this list among large-cap companies is&nbsp;biotech-stock&nbsp;<b>Moderna</b>(NASDAQ:MRNA). In 2020, Moderna posted a little over $803 million in sales. By 2023, analysts expect this hot biotech stock to yield $11.28 billion in revenue. That's a better than 1,300% expected sales increase.</p><p><blockquote>这份大盘股公司中销售额增长的主力是生物科技股<b>现代</b>（纳斯达克：MRNA）。2020年，Moderna的销售额略高于8.03亿美元。到2023年，分析师预计这只热门生物科技股将产生112.8亿美元的收入。这比预期的1,300%的销售额增长要好。</blockquote></p><p> Chances are you're familiar with the Moderna name because of its success on the coronavirus disease 2019 (COVID-19) vaccine front. The company's vaccine, mRNA-1273, demonstrated 94% vaccine efficacy in a U.S. clinical trial released last November and has played a key role in inoculating adults in numerous developed markets.</p><p><blockquote>您可能对Moderna这个名字很熟悉，因为它在冠状病毒疾病2019（COVID-19）疫苗方面取得了成功。该公司的疫苗mRNA-1273在去年11月发布的美国临床试验中证明了94%的疫苗效力，并在众多发达市场的成人接种中发挥了关键作用。</blockquote></p><p> The&nbsp;big unknown for Moderna&nbsp;is what sort of legs mRNA-1273 will exhibit beyond 2021-2022. On one hand, variants of COVID-19 and the deterioration of vaccine efficacy over time suggests that booster shots may become a routine moving forward. This would offer Moderna a recurring revenue stream that it's never had before.</p><p><blockquote>Moderna最大的未知数是mRNA-1273在2021-2022年之后将展示什么样的腿。一方面，新冠肺炎的变种和疫苗效力随着时间的推移而恶化表明，加强注射可能会成为未来的常规。这将为Moderna提供前所未有的经常性收入来源。</blockquote></p><p> On the other hand, new vaccines are set to enter the space, and innovation could threaten Moderna's grip as a top-two COVID-19 player. For example, if competitors bring combination vaccines to market (e.g., COVID-19/influenza), it could make mRNA-1273 a less-tantalizing option.</p><p><blockquote>另一方面，新疫苗即将进入该领域，创新可能会威胁到Moderna作为COVID-19前两名参与者的地位。例如，如果竞争对手将联合疫苗推向市场（如新冠肺炎/流感），可能会使mRNA-1273成为一个不太诱人的选择。</blockquote></p><p> Considering that Moderna's $141 billion market cap is based on a single therapeutic, there's a lot of risk built into this stock.</p><p><blockquote>考虑到Moderna 1410亿美元的市值是基于单一治疗药物，该股票存在很大风险。</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>5 Large-Cap Stocks Expected to Increase Sales 313% to 1,304% by 2023<blockquote>5只大盘股预计到2023年销售额将增长313%至1,304%</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\">\n5 Large-Cap Stocks Expected to Increase Sales 313% to 1,304% by 2023<blockquote>5只大盘股预计到2023年销售额将增长313%至1,304%</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\">2021-11-04 18:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>Be careful: Sales growth alone doesn't always give you the full story about a company.</li> </ul> Since the Great Recession ended in 2009, no group of companies has performed better than&nbsp;growth stocks. Historically low lending rates and the Federal Reserve's insistence on using quantitative-easing measures to keep rates low has led to abundant access to cheap capital.</p><p><blockquote><ul><li>小心：仅靠销售增长并不总是能让您了解一家公司的全部情况。</li></ul>自2009年大衰退结束以来，没有哪一组公司的表现比成长型股票更好。历史上较低的贷款利率和美联储坚持使用量化宽松措施来保持低利率，导致廉价资本的充足渠道。</blockquote></p><p> And it's not just small-cap stocks that are leaving a fiery trail of growth in their wake. According to consensus sales estimates from Wall Street, the following five&nbsp;large-cap stocks(companies with market caps of at least $10 billion) are all on pace to grow their annual sales by 313% to as much as 1,304% by 2023.</p><p><blockquote>不仅仅是小盘股留下了火热的增长轨迹。根据华尔街的一致销售额估计，以下五只大盘股（市值至少为100亿美元的公司）的年销售额都有望在2023年增长313%，达到1,304%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ddae655c5dfcf584e1db5b561b7b2051\" tg-width=\"2000\" tg-height=\"1529\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Nio: 447% implied sales growth by 2023</b></p><p><blockquote><b>蔚来：到2023年隐含销售额增长447%</b></blockquote></p><p> Electric-vehicle(EV) manufacturers should be some of the fastest-growing companies of the decade, and&nbsp;<b>Nio</b>(NYSE:NIO)&nbsp;is no exception. After the company produced $2.58 billion in sales last year, Wall Street's forecast calls for Nio to drive home roughly $14.1 billion in annual sales by 2023.</p><p><blockquote>电动汽车(EV)制造商应该是十年来增长最快的公司之一，并且<b>蔚来</b>（纽约证券交易所代码：蔚来）也不例外。继该公司去年实现25.8亿美元的销售额后，华尔街预测蔚来的评级到2023年将实现约141亿美元的年销售额。</blockquote></p><p> It's no secret that virtually all of the largest economies in the world are taking steps to fight climate change. Pushing consumers and enterprises to shift to EVs is one of the easiest ways to reduce carbon emissions. Nio is headquartered in the largest auto market in the world, China, which should see half of its annual vehicle sales be EVs or hybrids (mostly the former) by 2035, according to the Society of Automotive Engineers of China.</p><p><blockquote>众所周知，世界上几乎所有最大的经济体都在采取措施应对气候变化。推动消费者和企业转向电动汽车是减少碳排放最简单的方法之一。蔚来总部位于全球最大的汽车市场中国，根据中国汽车工程学会的数据，到2035年，中国年汽车销量的一半将是电动汽车或混合动力汽车（主要是前者）。</blockquote></p><p> Nio's rapid sales growth&nbsp;is being driven by its innovation. The company is introducing a new EV each year -- and its high-margin, loyalty-driven subscription program. Last year, it introduced a battery-as-a-service subscription program that'll allow buyers to upgrade or replace their batteries. This service also reduces the upfront cost of Nio's EVs.</p><p><blockquote>蔚来的快速销售增长是由其创新推动的。该公司每年都会推出一款新的电动汽车及其高利润、忠诚度驱动的订阅计划。去年，它推出了电池即服务订阅计划，允许买家升级或更换电池。这项服务还降低了蔚来电动汽车的前期成本。</blockquote></p><p> In exchange for giving up near-term sales, Nio is receiving high-margin monthly subscription revenue. More importantly, it's keeping buyers loyal to the brand.</p><p><blockquote>作为放弃近期销售的交换，蔚来正在获得高利润的月度订阅收入。更重要的是，它让买家对品牌保持忠诚。</blockquote></p><p> Assuming the auto industry can overcome recent chip shortages, Nio shouldn't have any trouble expanding its capacity and more than quintupling its sales in three years.</p><p><blockquote>假设汽车行业能够克服最近的芯片短缺问题，蔚来扩大产能并在三年内将销量增加五倍以上应该没有任何问题。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6a0952a9abfc3d69f1c7af0861a2d97b\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Snowflake: 401% implied sales growth by 2023</b></p><p><blockquote><b>Snowflake：到2023年隐含销售额增长401%</b></blockquote></p><p> Although double-digit sales growth is commonplace among cloud stocks, cloud data-warehousing company&nbsp;<b>Snowflake</b>(NYSE:SNOW)&nbsp;seems to be in a league of its own. In fiscal 2021, Snowflake brought in about $592 million in sales. By fiscal 2024, which ends in calendar year 2023, Wall Street is looking for Snowflake to generate almost $2.97 billion in revenue. That's a quintupling in sales, for those of you keeping score at home.</p><p><blockquote>尽管两位数的销售额增长在云股中司空见惯，但云数据仓储公司<b>雪花</b>（纽约证券交易所股票代码：SNOW）似乎独树一帜。2021财年，Snowflake的销售额约为5.92亿美元。到2023日历年结束的2024财年，华尔街预计Snowflake将产生近29.7亿美元的收入。对于那些在家记分的人来说，销售额增长了五倍。</blockquote></p><p> The Snowflake growth story&nbsp;is all about competitive advantages. For example, instead of opting for the popular subscription-based model, Snowflake charges its customers based on how much data they store and how many Snowflake Compute Credits used. This is a more transparent cost approach that its customers seem to like.</p><p><blockquote>雪花成长的故事是关于竞争优势的。例如，Snowflake没有选择流行的基于订阅的模式，而是根据客户存储的数据量和使用的Snowflake计算点数向客户收费。这是一种更透明的成本方法，其客户似乎很喜欢。</blockquote></p><p> Further, Snowflake's infrastructure is built atop the leading cloud-infrastructure service providers. This helps the company's clients work around data-sharing barriers that might otherwise exist between competing cloud platforms.</p><p><blockquote>此外，Snowflake的基础设施建立在领先的云基础设施服务提供商之上。这有助于该公司的客户解决竞争云平台之间可能存在的数据共享障碍。</blockquote></p><p> The big question is whether Snowflake can support its nosebleed valuation of 94 times projected fiscal 2022 sales, with profitability still a long way off. To that end, I'm not so sure -- but Ihave been proven wrong, thus far.</p><p><blockquote>最大的问题是，Snowflake能否支撑其2022财年预计销售额94倍的令人鼻血的估值，而盈利还有很长的路要走。为此，我不太确定——但到目前为止，我已经被证明是错的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/537b181fc66378021049916184ef4425\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Sea Limited: 322% implied sales growth by 2023</b></p><p><blockquote><b>Sea Limited：到2023年隐含销售额增长322%</b></blockquote></p><p> Another large-cap stock with big-time sales-growth expectations is Singapore-based&nbsp;<b>Sea Limited</b>(NYSE:SE). Sea reported $4.38 billion in sales last year. Come 2023, Wall Street is expecting roughly $18.5 billion in full-year revenue.</p><p><blockquote>另一只销售增长预期巨大的大盘股是新加坡<b>海有限公司</b>（纽约证券交易所代码：SE）。Sea去年的销售额为43.8亿美元。到2023年，华尔街预计全年收入约为185亿美元。</blockquote></p><p> Sea's not-so-secret key to success is its diversified trio of high-growth segments. First, there's digital entertainment, which is the only one generating positive earnings before interest, taxes, depreciation, and amortization (EBITDA). Sea ended June with 725 million quarterly active mobile gamers, 12.7% of which were paying to play. This conversion rate&nbsp;is significantly higher than the industry average.</p><p><blockquote>Sea成功的关键不是什么秘密，而是其多元化的三个高增长细分市场。首先是数字娱乐，它是唯一一个产生正息税折旧摊销前利润(EBITDA)的行业。截至6月，Sea的季度活跃移动游戏玩家为7.25亿，其中12.7%是付费游戏。这一转化率明显高于行业平均水平。</blockquote></p><p></p><p> The company's&nbsp;most exciting segment&nbsp;is e-commerce platform Shopee, which has consistently been the most-downloaded shopping app in Southeastern Asia and has seen rapid growth in Brazil. To offer some context as to how quickly Shopee is growing, the gross merchandise value (GMV) transacted in the second quarter was $15 billion. Meanwhile, only $10 billion in GMV was registered on Shopee in all of 2018.</p><p><blockquote>该公司最令人兴奋的部分是电子商务平台Shopee，该平台一直是东南亚下载量最大的购物应用程序，并在巴西快速增长。为了提供有关Shopee增长速度的一些背景信息，第二季度的商品交易总额(GMV)为150亿美元。与此同时，2018年全年Shopee上注册的GMV仅为100亿美元。</blockquote></p><p> Lastly, Sea's nascent digital-wallet services segment is growing rapidly. The company is nearing 33 million paying mobile-wallet users. With Sea focusing on numerous underbanked regions, this digital financial-services segment could be a sneaky strong growth driver for years to come.</p><p><blockquote>最后，Sea新兴的数字钱包服务部门正在快速增长。该公司拥有近3300万付费移动钱包用户。随着Sea专注于众多银行服务不足的地区，这一数字金融服务领域可能会成为未来几年的强劲增长动力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2d05a27ae059e7e27dd31e695de449b2\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>AMC Entertainment: 313% implied sales growth by 2023</b></p><p><blockquote><b>AMC院线：到2023年隐含销售额增长313%</b></blockquote></p><p> Sometimes, sales growth alone doesn't give investors the full picture. For instance,movie-theater stock&nbsp;<b>AMC Entertainment</b>(NYSE:AMC)&nbsp;is slated to grow its sales from $1.24 billion in 2020 to an estimated $5.22 billion by 2023. However, the pandemic ravaged AMC and forced many of its theaters to temporarily close. This $5.22 billion estimate for 2023 still represents a decline from the $5.47 billion in sales recorded in 2019, the year prior to the pandemic.</p><p><blockquote>有时，仅靠销售增长并不能让投资者了解全貌。例如，电影院股票<b>AMC院线</b>（纽约证券交易所股票代码：AMC）的销售额预计将从2020年的12.4亿美元增长到2023年的52.2亿美元。然而，疫情肆虐AMC，迫使其许多影院暂时关闭。2023年52.2亿美元的销售额仍较大流行前一年2019年54.7亿美元的销售额有所下降。</blockquote></p><p> Whether it's industry or company specific,nothing seems to be working in AMC's favor. The movie-theater industry has been mired in a 19-year decline, with inflation-adjusted box-office gross sales falling 22% between 2002 and 2019.</p><p><blockquote>无论是行业还是公司具体情况，似乎都没有什么对AMC有利。电影业陷入了长达19年的下滑，2002年至2019年间，经通胀调整的票房总收入下降了22%。</blockquote></p><p> Even though AMC has been able to secure some exclusivity agreements with major studios, these agreements range from 30 to 45 days. Prior to the pandemic, theatrical exclusivity extended 75 to 90 days. There's no question that AMC has lost its bargaining power to studios, or that streaming is eating into its margins.</p><p><blockquote>尽管AMC已经能够与主要工作室达成一些独家协议，但这些协议的期限从30天到45天不等。在疫情之前，影院独占期延长了75至90天。毫无疑问，AMC已经失去了对工作室的议价能力，或者流媒体正在蚕食其利润。</blockquote></p><p> As for the company, it's unlikely to be profitable any time before 2024, and&nbsp;the math simply doesn't check out&nbsp;as to how it'll eventually pay back its $5.4 billion in outstanding debt, $420 million in deferred rent, and nearly $4.9 billion in long-term lease liabilities. With weekly box-office gross sales consistently down double digits from 2019, there's little doubt AMC will continue to burn through its remaining cash.</p><p><blockquote>至于该公司，在2024年之前的任何时候都不太可能盈利，而且数学根本无法确定它最终将如何偿还54亿美元的未偿债务、4.2亿美元的递延租金和近49亿美元的长期租赁负债。由于每周票房总额较2019年持续下降两位数，毫无疑问AMC将继续耗尽剩余现金。</blockquote></p><p> Even with \"rapid sales growth,\" some companies should be avoided like the plague.</p><p><blockquote>即使“销售快速增长”，也应该像躲避瘟疫一样避开一些公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5fc13611f3bbe728494e0ef9d530643\" tg-width=\"2000\" tg-height=\"1334\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Moderna: 1,304% implied sales growth by 2023</b></p><p><blockquote><b>Moderna：到2023年隐含销售额增长1,304%</b></blockquote></p><p> The kingpin of sales growth on this list among large-cap companies is&nbsp;biotech-stock&nbsp;<b>Moderna</b>(NASDAQ:MRNA). In 2020, Moderna posted a little over $803 million in sales. By 2023, analysts expect this hot biotech stock to yield $11.28 billion in revenue. That's a better than 1,300% expected sales increase.</p><p><blockquote>这份大盘股公司中销售额增长的主力是生物科技股<b>现代</b>（纳斯达克：MRNA）。2020年，Moderna的销售额略高于8.03亿美元。到2023年，分析师预计这只热门生物科技股将产生112.8亿美元的收入。这比预期的1,300%的销售额增长要好。</blockquote></p><p> Chances are you're familiar with the Moderna name because of its success on the coronavirus disease 2019 (COVID-19) vaccine front. The company's vaccine, mRNA-1273, demonstrated 94% vaccine efficacy in a U.S. clinical trial released last November and has played a key role in inoculating adults in numerous developed markets.</p><p><blockquote>您可能对Moderna这个名字很熟悉，因为它在冠状病毒疾病2019（COVID-19）疫苗方面取得了成功。该公司的疫苗mRNA-1273在去年11月发布的美国临床试验中证明了94%的疫苗效力，并在众多发达市场的成人接种中发挥了关键作用。</blockquote></p><p> The&nbsp;big unknown for Moderna&nbsp;is what sort of legs mRNA-1273 will exhibit beyond 2021-2022. On one hand, variants of COVID-19 and the deterioration of vaccine efficacy over time suggests that booster shots may become a routine moving forward. This would offer Moderna a recurring revenue stream that it's never had before.</p><p><blockquote>Moderna最大的未知数是mRNA-1273在2021-2022年之后将展示什么样的腿。一方面，新冠肺炎的变种和疫苗效力随着时间的推移而恶化表明，加强注射可能会成为未来的常规。这将为Moderna提供前所未有的经常性收入来源。</blockquote></p><p> On the other hand, new vaccines are set to enter the space, and innovation could threaten Moderna's grip as a top-two COVID-19 player. For example, if competitors bring combination vaccines to market (e.g., COVID-19/influenza), it could make mRNA-1273 a less-tantalizing option.</p><p><blockquote>另一方面，新疫苗即将进入该领域，创新可能会威胁到Moderna作为COVID-19前两名参与者的地位。例如，如果竞争对手将联合疫苗推向市场（如新冠肺炎/流感），可能会使mRNA-1273成为一个不太诱人的选择。</blockquote></p><p> Considering that Moderna's $141 billion market cap is based on a single therapeutic, there's a lot of risk built into this stock.</p><p><blockquote>考虑到Moderna 1410亿美元的市值是基于单一治疗药物，该股票存在很大风险。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/11/04/5-large-cap-stocks-increase-sales-313-to-1304/\">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":{"NIO":"蔚来","MRNA":"Moderna, Inc.","AMC":"AMC院线","SE":"Sea Ltd","SNOW":"Snowflake"},"source_url":"https://www.fool.com/investing/2021/11/04/5-large-cap-stocks-increase-sales-313-to-1304/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144131531","content_text":"Key Points\n\nBe careful: Sales growth alone doesn't always give you the full story about a company.\n\nSince the Great Recession ended in 2009, no group of companies has performed better than growth stocks. Historically low lending rates and the Federal Reserve's insistence on using quantitative-easing measures to keep rates low has led to abundant access to cheap capital.\nAnd it's not just small-cap stocks that are leaving a fiery trail of growth in their wake. According to consensus sales estimates from Wall Street, the following five large-cap stocks(companies with market caps of at least $10 billion) are all on pace to grow their annual sales by 313% to as much as 1,304% by 2023.\nIMAGE SOURCE: GETTY IMAGES.\nNio: 447% implied sales growth by 2023\nElectric-vehicle(EV) manufacturers should be some of the fastest-growing companies of the decade, and Nio(NYSE:NIO) is no exception. After the company produced $2.58 billion in sales last year, Wall Street's forecast calls for Nio to drive home roughly $14.1 billion in annual sales by 2023.\nIt's no secret that virtually all of the largest economies in the world are taking steps to fight climate change. Pushing consumers and enterprises to shift to EVs is one of the easiest ways to reduce carbon emissions. Nio is headquartered in the largest auto market in the world, China, which should see half of its annual vehicle sales be EVs or hybrids (mostly the former) by 2035, according to the Society of Automotive Engineers of China.\nNio's rapid sales growth is being driven by its innovation. The company is introducing a new EV each year -- and its high-margin, loyalty-driven subscription program. Last year, it introduced a battery-as-a-service subscription program that'll allow buyers to upgrade or replace their batteries. This service also reduces the upfront cost of Nio's EVs.\nIn exchange for giving up near-term sales, Nio is receiving high-margin monthly subscription revenue. More importantly, it's keeping buyers loyal to the brand.\nAssuming the auto industry can overcome recent chip shortages, Nio shouldn't have any trouble expanding its capacity and more than quintupling its sales in three years.\nIMAGE SOURCE: GETTY IMAGES.\nSnowflake: 401% implied sales growth by 2023\nAlthough double-digit sales growth is commonplace among cloud stocks, cloud data-warehousing company Snowflake(NYSE:SNOW) seems to be in a league of its own. In fiscal 2021, Snowflake brought in about $592 million in sales. By fiscal 2024, which ends in calendar year 2023, Wall Street is looking for Snowflake to generate almost $2.97 billion in revenue. That's a quintupling in sales, for those of you keeping score at home.\nThe Snowflake growth story is all about competitive advantages. For example, instead of opting for the popular subscription-based model, Snowflake charges its customers based on how much data they store and how many Snowflake Compute Credits used. This is a more transparent cost approach that its customers seem to like.\nFurther, Snowflake's infrastructure is built atop the leading cloud-infrastructure service providers. This helps the company's clients work around data-sharing barriers that might otherwise exist between competing cloud platforms.\nThe big question is whether Snowflake can support its nosebleed valuation of 94 times projected fiscal 2022 sales, with profitability still a long way off. To that end, I'm not so sure -- but Ihave been proven wrong, thus far.\nIMAGE SOURCE: GETTY IMAGES.\nSea Limited: 322% implied sales growth by 2023\nAnother large-cap stock with big-time sales-growth expectations is Singapore-based Sea Limited(NYSE:SE). Sea reported $4.38 billion in sales last year. Come 2023, Wall Street is expecting roughly $18.5 billion in full-year revenue.\nSea's not-so-secret key to success is its diversified trio of high-growth segments. First, there's digital entertainment, which is the only one generating positive earnings before interest, taxes, depreciation, and amortization (EBITDA). Sea ended June with 725 million quarterly active mobile gamers, 12.7% of which were paying to play. This conversion rate is significantly higher than the industry average.\nThe company's most exciting segment is e-commerce platform Shopee, which has consistently been the most-downloaded shopping app in Southeastern Asia and has seen rapid growth in Brazil. To offer some context as to how quickly Shopee is growing, the gross merchandise value (GMV) transacted in the second quarter was $15 billion. Meanwhile, only $10 billion in GMV was registered on Shopee in all of 2018.\nLastly, Sea's nascent digital-wallet services segment is growing rapidly. The company is nearing 33 million paying mobile-wallet users. With Sea focusing on numerous underbanked regions, this digital financial-services segment could be a sneaky strong growth driver for years to come.\nIMAGE SOURCE: GETTY IMAGES.\nAMC Entertainment: 313% implied sales growth by 2023\nSometimes, sales growth alone doesn't give investors the full picture. For instance,movie-theater stock AMC Entertainment(NYSE:AMC) is slated to grow its sales from $1.24 billion in 2020 to an estimated $5.22 billion by 2023. However, the pandemic ravaged AMC and forced many of its theaters to temporarily close. This $5.22 billion estimate for 2023 still represents a decline from the $5.47 billion in sales recorded in 2019, the year prior to the pandemic.\nWhether it's industry or company specific,nothing seems to be working in AMC's favor. The movie-theater industry has been mired in a 19-year decline, with inflation-adjusted box-office gross sales falling 22% between 2002 and 2019.\nEven though AMC has been able to secure some exclusivity agreements with major studios, these agreements range from 30 to 45 days. Prior to the pandemic, theatrical exclusivity extended 75 to 90 days. There's no question that AMC has lost its bargaining power to studios, or that streaming is eating into its margins.\nAs for the company, it's unlikely to be profitable any time before 2024, and the math simply doesn't check out as to how it'll eventually pay back its $5.4 billion in outstanding debt, $420 million in deferred rent, and nearly $4.9 billion in long-term lease liabilities. With weekly box-office gross sales consistently down double digits from 2019, there's little doubt AMC will continue to burn through its remaining cash.\nEven with \"rapid sales growth,\" some companies should be avoided like the plague.\nIMAGE SOURCE: GETTY IMAGES.\nModerna: 1,304% implied sales growth by 2023\nThe kingpin of sales growth on this list among large-cap companies is biotech-stock Moderna(NASDAQ:MRNA). In 2020, Moderna posted a little over $803 million in sales. By 2023, analysts expect this hot biotech stock to yield $11.28 billion in revenue. That's a better than 1,300% expected sales increase.\nChances are you're familiar with the Moderna name because of its success on the coronavirus disease 2019 (COVID-19) vaccine front. The company's vaccine, mRNA-1273, demonstrated 94% vaccine efficacy in a U.S. clinical trial released last November and has played a key role in inoculating adults in numerous developed markets.\nThe big unknown for Moderna is what sort of legs mRNA-1273 will exhibit beyond 2021-2022. On one hand, variants of COVID-19 and the deterioration of vaccine efficacy over time suggests that booster shots may become a routine moving forward. This would offer Moderna a recurring revenue stream that it's never had before.\nOn the other hand, new vaccines are set to enter the space, and innovation could threaten Moderna's grip as a top-two COVID-19 player. For example, if competitors bring combination vaccines to market (e.g., COVID-19/influenza), it could make mRNA-1273 a less-tantalizing option.\nConsidering that Moderna's $141 billion market cap is based on a single therapeutic, there's a lot of risk built into this stock.","news_type":1,"symbols_score_info":{"MRNA":0.9,"AMC":0.9,"NIO":0.9,"SNOW":0.9,"SE":0.9}},"isVote":1,"tweetType":1,"viewCount":2261,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":822277192,"gmtCreate":1634138291925,"gmtModify":1634138291925,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580887198114940","idStr":"3580887198114940"},"themes":[],"htmlText":"To the moon!!!","listText":"To the moon!!!","text":"To the moon!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/822277192","repostId":"1186770210","repostType":4,"repost":{"id":"1186770210","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":1634137299,"share":"https://www.laohu8.com/m/news/1186770210?lang=zh_CN&edition=full","pubTime":"2021-10-13 23:01","market":"us","language":"en","title":"Xilinx shares rose more than 4% to a new high<blockquote>赛灵思股价涨超4%创新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1186770210","media":"Tiger Newspress","summary":"Xilinx shares rose more than 4% to a new high.","content":"<p>Xilinx shares rose more than 4% to a new high.</p><p><blockquote>赛灵思股价涨超4%创新高。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1ed63e2e9243f780f7355b0f02230e26\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></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>Xilinx shares rose more than 4% to a new high<blockquote>赛灵思股价涨超4%创新高</blockquote></title>\n<style 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#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\">\nXilinx shares rose more than 4% to a new high<blockquote>赛灵思股价涨超4%创新高</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\">2021-10-13 23:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Xilinx shares rose more than 4% to a new high.</p><p><blockquote>赛灵思股价涨超4%创新高。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1ed63e2e9243f780f7355b0f02230e26\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186770210","content_text":"Xilinx shares rose more than 4% to a new high.","news_type":1,"symbols_score_info":{"XLNX":0.9}},"isVote":1,"tweetType":1,"viewCount":3243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":143020223,"gmtCreate":1625753037962,"gmtModify":1631884354410,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580887198114940","idStr":"3580887198114940"},"themes":[],"htmlText":"Go Apple!!","listText":"Go Apple!!","text":"Go Apple!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/143020223","repostId":"2149347288","repostType":4,"isVote":1,"tweetType":1,"viewCount":1750,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143062666,"gmtCreate":1625752934255,"gmtModify":1631884354424,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580887198114940","idStr":"3580887198114940"},"themes":[],"htmlText":"Time to buy buy buy","listText":"Time to buy buy buy","text":"Time to buy buy buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/143062666","repostId":"1162204971","repostType":4,"isVote":1,"tweetType":1,"viewCount":3251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164684367,"gmtCreate":1624200926859,"gmtModify":1631884354437,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580887198114940","idStr":"3580887198114940"},"themes":[],"htmlText":"What to buy now?Conflicting reports by different groups&nbsp;","listText":"What to buy now?Conflicting reports by different groups&nbsp;","text":"What to buy now?Conflicting reports by different groups","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/164684367","repostId":"1126454279","repostType":4,"isVote":1,"tweetType":1,"viewCount":1822,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164686396,"gmtCreate":1624200758615,"gmtModify":1631884354445,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580887198114940","idStr":"3580887198114940"},"themes":[],"htmlText":"Take with a large pinch of salt and then a little more","listText":"Take with a large pinch of salt and then a little more","text":"Take with a large pinch of salt and then a little more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/164686396","repostId":"1183124175","repostType":4,"isVote":1,"tweetType":1,"viewCount":2125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164681110,"gmtCreate":1624200644230,"gmtModify":1631884354456,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580887198114940","idStr":"3580887198114940"},"themes":[],"htmlText":"Like please","listText":"Like please","text":"Like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/164681110","repostId":"1133385197","repostType":4,"isVote":1,"tweetType":1,"viewCount":2034,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166295748,"gmtCreate":1624010242584,"gmtModify":1631884354467,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580887198114940","idStr":"3580887198114940"},"themes":[],"htmlText":"Probably good time to explore metals for long term","listText":"Probably good time to explore metals for long term","text":"Probably good time to explore metals for long term","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166295748","repostId":"2144786627","repostType":4,"isVote":1,"tweetType":1,"viewCount":1759,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166292586,"gmtCreate":1624010176745,"gmtModify":1631884354480,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580887198114940","idStr":"3580887198114940"},"themes":[],"htmlText":"Watching how the major forces will respond&nbsp;","listText":"Watching how the major forces will respond&nbsp;","text":"Watching how the major forces will respond","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166292586","repostId":"1175693382","repostType":4,"repost":{"id":"1175693382","kind":"news","pubTimestamp":1623978463,"share":"https://www.laohu8.com/m/news/1175693382?lang=zh_CN&edition=full","pubTime":"2021-06-18 09:07","market":"hk","language":"en","title":"Alibaba Stock: The Bottoming Process Looks To Be Forming Already<blockquote>阿里巴巴-SW股票：触底过程似乎已经形成</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175693382","media":"seekingalpha","summary":"Alibaba is probably the most undervalued growth stock right now.The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.The short term technical picture may be turning bullish with a potential double bottom price action signal.When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Alibaba is probably the most undervalued growth stock right now.</li>  <li>The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.</li>  <li>The short term technical picture may be turning bullish with a potential double bottom price action signal.</li>  <li>We discuss the company’s multiple growth drivers and let investors judge for themselves.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05e63c77d4f3f3dc3d618e43044638bb\" tg-width=\"768\" tg-height=\"512\"><span>Yongyuan Dai/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>阿里巴巴-SW可能是目前最被低估的成长型股票。</li><li>该公司在快速扩张的市场中的多种增长动力使其估值看起来更加令人困惑。</li><li>短期技术面可能会转向看涨，并出现潜在的双底价格走势信号。</li><li>我们讨论公司的多种增长动力，让投资者自行判断。</li></ul><p class=\"t-img-caption\"><span>戴永源/iStock未通过Getty Images发布</span></p></blockquote></p><p> <b>The Technical Thesis</b></p><p><blockquote><b>技术论文</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7febf6ed056b0e3bc038321cdaad9b1c\" tg-width=\"1280\" tg-height=\"782\"><span>Source: TradingView</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：TradingView</span></p></blockquote></p><p> Alibaba’s&nbsp;stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.</p><p><blockquote>自11月20日早些时候蚂蚁金服IPO被取消以来，阿里巴巴-SW的股价已经经历了可怕的8个月，股价低迷，较高点下跌了34%。当考虑其长期上升趋势的健康状况时，很明显BABA具有相对较强的上升趋势偏差，并且通常在其关键的50W MA上得到良好支撑。过去4年中唯一一次失去关键的50W MA支撑位是在2018年熊市期间，当时BABA下跌了约40%，但仍在重要的200W MA上方得到良好支撑，我们通常认为这是“最后一道防线”。现在阿里巴巴再次面临类似的情况：下跌34%，失去了50W MA，但看起来在200W MA上方得到了很好的支撑。除此之外，价格行为分析中的一个有趣观察可能会导致价格行为交易者/投资者特别看涨：潜在的双底形成。阿里巴巴的价格似乎正在经历双底，就像2018年熊市期间一样，随后强劲反弹。因此，阿里巴巴目前的水平现在可能提供一个可能的技术买入切入点。</blockquote></p><p> <b>BABA's Fundamental Thesis: Rapidly Expanding Growth Drivers</b></p><p><blockquote><b>阿里巴巴的基本论点：快速扩大增长动力</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eba49f5881708929949c30628eedc5d4\" tg-width=\"934\" tg-height=\"578\"><span>Annual GMV. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>年度GMV。数据来源：公司备案</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a4d6c4ed3e2402f5af52b2dea8bab411\" tg-width=\"836\" tg-height=\"517\"><span>Annual e-commerce revenue. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>年电子商务收入。数据来源：公司备案</span></p></blockquote></p><p> BABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.</p><p><blockquote>阿里巴巴的GMV在短短7年内从1.68 T元增长到7.49 T元，复合年增长率为23.8%，增速确实惊人。我们还看到其GMV增长转化为收入增长，其中国商业收入从76.7亿元增长至4736.8亿元，过去10年复合年增长率为51%。虽然其国际足迹仍然相当小，但在过去10年中，其复合年增长率仍为30.42%，这一点也不慢。</blockquote></p><p> Even though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.</p><p><blockquote>尽管预计未来三年中国电子商务市场的增长速度将大幅放缓，复合年增长率为12.4%，从2021年的13.8 T元（相当于2.16 T美元）增长到2024年的19.6 T元（相当于3.06 T美元），但庞大的市场规模仍然为阿里巴巴及其最接近的竞争对手提供了巨大的增长潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffe2dee43f267e1d1399c68e3ca60f36\" tg-width=\"600\" tg-height=\"371\"><span>E-commerce revenue in the U.S. Data source: Statista</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国电子商务收入数据来源：Statista</span></p></blockquote></p><p> When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.</p><p><blockquote>当我们通过比较中国与美国电子商务市场的增长率和规模来更清晰地看待事物时，我们可以看到它们的规模和增长率的巨大差异，因为美国电子商务市场预计仅增长2021年至2025年的复合年增长率为4.67%，明显低于中国的12.4%。此外，美国市场的总收入预计也将达到约5630亿美元，是届时中国市场预计价值的18%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d5a8d0d8a6a2dcdf667a6f33c6c9771\" tg-width=\"1280\" tg-height=\"702\"><span>Peers EBIT Margin and Projected EBIT Margin. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>同行息税前利润率和预计息税前利润率。数据来源：标普资本智商</span></p></blockquote></p><p> Even though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&amp;A, and therefore skewed its EBIT margin to the downside.</p><p><blockquote>尽管阿里巴巴-SW一直面临着来自快速增长的主要竞争对手京东（纳斯达克：JD）和拼多多（纳斯达克：PDD）的越来越大的竞争压力，但阿里巴巴已经在经营利润更高的业务（息税前利润和自由现金流），并且预计未来将继续实现强劲的盈利能力，这将使该公司具有巨大的灵活性，可以与京东和拼多多正面竞争，以扩大其领导地位。投资者可能会注意到，阿里巴巴的息税前利润率受到其SG&amp;A中反映的27.82亿美元一次性行政罚款的影响，因此其息税前利润率出现下行。</blockquote></p><p></p><p> One important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of&nbsp;823M AAC&nbsp;in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only&nbsp;100M AAC in Q2’C17&nbsp;as compared to BABA’s 466M AAC in the same period.</p><p><blockquote>一项重要举措是该公司决定进一步投资社区市场，这是拼多多的主要电子商务战略，拼多多在最近一个季度总共获得了8.23亿AAC，而阿里巴巴的AAC为8.91亿。与阿里巴巴同期的4.66亿AAC相比，拼多多的AAC在2017年第二季度仅有1亿AAC，其AAC增长确实是惊人的。</blockquote></p><p> Therefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.</p><p><blockquote>因此，增长势头肯定已经转向社区市场领域，阿里巴巴需要拿出重磅炸弹（它已经拥有）来与拼多多和京东争夺主导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b83b69b08b1f4b11a26393c8e6eead5\" tg-width=\"600\" tg-height=\"371\"><span>Market size of community group buying in China. Data source: iiMedia Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国社区团购的市场规模。数据来源：艾媒咨询</span></p></blockquote></p><p> Even though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.</p><p><blockquote>尽管预计到2022年1020亿元的总市场规模仅占阿里巴巴21财年中国商业收入的21.5%左右，但阿里巴巴不能错过2019年至2022年3年内44.22%的预期快速复合年增长率。虽然市场还比较小，但BABA不能让这个市场目前的龙头：PDD在旁人无知的情况下，如此轻易地称霸并吞噬早期的高增长率。当然，阿里巴巴必须竞争并争取自己在这一领域的地位，并争取早期领导地位，以防止拼多多扩大领先优势。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b97b2b4a8a182dc9846d8fb7e4039877\" tg-width=\"1280\" tg-height=\"770\"><span>PDD profitability metrics &amp; revenue growth forecast. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>PDD盈利指标和收入增长预测。数据来源：标普资本智商</span></p></blockquote></p><p> We could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.</p><p><blockquote>我们可以从上图中观察到，拼多多的收入预计将在未来几年继续快速增长，尽管预计随后将正常化。更重要的是，拼多多预计未来的息税前利润和自由现金流盈利能力也将日益提高。这表明，社区市场细分市场是一个非常重要的增长动力，阿里巴巴必须利用其优势来利用它，以否认拼多多在游戏早期声称的无可争议的领导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3aadc32155b4108426a1a982e3b5b1c2\" tg-width=\"640\" tg-height=\"360\"><span>China public cloud spending. Source:China Internet Watch; Canalys</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国公有云支出。来源：中国互联网观察；Canalys</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c1538b9f7bdc8d6d35a72d9acf8ecbc\" tg-width=\"600\" tg-height=\"371\"><span>Size of China public cloud market. Data source: CAICT; Sina.com.cn</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国公有云市场规模。数据来源：中国信通技术；新浪网</span></p></blockquote></p><p> BABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.</p><p><blockquote>阿里巴巴在中国公有云市场拥有40%的份额，远远领先于其主要竞争对手。然而，值得注意的是，尽管处于领先地位，阿里巴巴仍处于大力投资模式，以继续扩大其市场份额，因为中国公共云市场预计将从2017年的264.8亿元增长到2023年的2307.4亿元，这将代表CAGR 43.4%，这是一个令人难以置信的出色增长率。当我们将中国的增长率与全球增长率（见下文）进行比较时，这一点尤其明显，因为全球公共云支出预计将从2017年的1450亿美元增长到2022年的3970亿美元，这将代表22.3%的CAGR。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06198c569504bc303c34563041dfb294\" tg-width=\"600\" tg-height=\"371\"><span>Worldwide public cloud spending. Data source: Gartner</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球公共云支出。数据来源：Gartner</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8482037f60575f964053ab732496bee3\" tg-width=\"1176\" tg-height=\"700\"><span>Worldwide public cloud market share. Source:CnTechPost; Gartner</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球公共云市场份额。来源：CnTechPost；Gartner</span></p></blockquote></p><p> Therefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.</p><p><blockquote>因此，阿里云在2020年以9.5%的市场份额继续扩大对Alphabet（纳斯达克：GOOGL）（纳斯达克：GOOG）GCP的领先优势，我并不觉得奇怪。虽然亚马逊仍然是市场上明显的领导者，但随着公共云支出的持续扩大，其市场份额一直在大幅下降，这表明多个参与者存在巨大的增长潜力。凭借阿里巴巴在快速扩张的中国市场的领导地位，我越来越看好该细分市场未来的利润和自由现金流对阿里巴巴业绩的贡献。尽管阿里巴巴的云部门尚未实现息税前利润（21财年息税前利润率：-15%，20财年息税前利润率：-17.5%），但值得注意的是，Alphabet的GCP也尚未实现盈利（20财年息税前利润率：-42.9%，19财年息税前利润率：-52%）。因此，我们需要给阿里巴巴一些时间来扩大其在亚太地区和中国的云服务规模，预计阿里巴巴将拥有更强大的领导力，使其能够更快地增长，投资者应该预计随着时间的推移，这将是一个高利润的细分市场。</blockquote></p><p> <b>BABA's Valuations Look Highly Compelling</b></p><p><blockquote><b>阿里巴巴的估值看起来非常引人注目</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62a087c4b3ef7efc2c5dde813e3b959d\" tg-width=\"1000\" tg-height=\"600\"><span>NTM TEV / EBIT 3Y range.</span></p><p><blockquote><p class=\"t-img-caption\"><span>NTM TEV/EBIT 3Y范围。</span></p></blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2605c0e5ad364a7a43929fef204595c\" tg-width=\"1280\" tg-height=\"687\"><span>EV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>EV/Fwd息税前利润和EV/Fwd Rev趋势。数据来源：标普资本智商</span></p></blockquote></p><p> When we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.</p><p><blockquote>当我们考虑阿里巴巴的TEV/EBIT历史范围（3年平均值为33.54倍）时，阿里巴巴的EV/Fwd EBIT趋势无疑意味着该股票被严重低估，因为预计阿里巴巴的收入和营业利润仍将快速增长。然而，由于我们希望更清楚地了解其同行的估值情况，我们认为如果我们对阿里巴巴的息税前利润进行估值，而不是下面介绍的一组基准公司，这将是有用的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d27873e676dfb23c98d4a69aa5861e02\" tg-width=\"1280\" tg-height=\"1117\"><span>Peers EV / EBIT Valuations. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>同行EV/EBIT估值。数据来源：标普资本智商</span></p></blockquote></p><p> By using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.</p><p><blockquote>通过混合使用历史和远期息税前利润，我们可以看到，与基准公司一组观察值的中值相比，阿里巴巴的EV/EBIT看起来确实被低估了。我们得出阿里巴巴的公允价值范围为294.98美元，位于该范围的中点，基于当前210美元的股价，这意味着40.5%的潜在上涨空间。</blockquote></p><p> <b>Risks to Assumptions</b></p><p><blockquote><b>假设风险</b></blockquote></p><p> Now, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.</p><p><blockquote>现在，看着先生如何表现显然令人困惑。市场决定对阿里巴巴进行折扣，就好像该公司已经失去了所有关键的增长来源，而事实上，其商业部门、新的市场举措和不断增长的阿里云部门仍有很大的潜在上涨空间，其中。我们认为该股表现不佳的主要现实原因只是监管风险。我们认为投资者应该承认这种风险是非常真实的，有时大型中国公司会发现自己受到中国政府的额外审查（事实上这并不是什么新鲜事）。这里关键的是，中国政府似乎对其科技巨头的行为和行动拥有重大影响力，而这些影响力有时可能在很大程度上是不可预测的。市场当然讨厌不可预测性，因此他们可能会因此大幅折扣阿里巴巴。如果投资者无法应对潜在不可预测的监管行动及其后果的不确定性，那么阿里巴巴可能不适合您。然而，如果你认为这只是阿里巴巴漫长旅程中的一个短暂时刻，那么你肯定会发现阿里巴巴现在的估值极具吸引力，再加上长期思维。</blockquote></p><p> <b>Wrapping It All Up</b></p><p><blockquote><b>把这一切包起来</b></blockquote></p><p> Alibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.</p><p><blockquote>阿里巴巴-SW继续取得稳健的业绩，展示了公司强大的执行能力。由于该公司继续在一个拥有如此多增长动力的市场中运营，预计将推动公司未来的增长，投资者应该会发现当前的估值非常有吸引力。</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>Alibaba Stock: The Bottoming Process Looks To Be Forming Already<blockquote>阿里巴巴-SW股票：触底过程似乎已经形成</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\">\nAlibaba Stock: The Bottoming Process Looks To Be Forming Already<blockquote>阿里巴巴-SW股票：触底过程似乎已经形成</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-18 09:07</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>Alibaba is probably the most undervalued growth stock right now.</li>  <li>The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.</li>  <li>The short term technical picture may be turning bullish with a potential double bottom price action signal.</li>  <li>We discuss the company’s multiple growth drivers and let investors judge for themselves.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05e63c77d4f3f3dc3d618e43044638bb\" tg-width=\"768\" tg-height=\"512\"><span>Yongyuan Dai/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>阿里巴巴-SW可能是目前最被低估的成长型股票。</li><li>该公司在快速扩张的市场中的多种增长动力使其估值看起来更加令人困惑。</li><li>短期技术面可能会转向看涨，并出现潜在的双底价格走势信号。</li><li>我们讨论公司的多种增长动力，让投资者自行判断。</li></ul><p class=\"t-img-caption\"><span>戴永源/iStock未通过Getty Images发布</span></p></blockquote></p><p> <b>The Technical Thesis</b></p><p><blockquote><b>技术论文</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7febf6ed056b0e3bc038321cdaad9b1c\" tg-width=\"1280\" tg-height=\"782\"><span>Source: TradingView</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：TradingView</span></p></blockquote></p><p> Alibaba’s&nbsp;stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.</p><p><blockquote>自11月20日早些时候蚂蚁金服IPO被取消以来，阿里巴巴-SW的股价已经经历了可怕的8个月，股价低迷，较高点下跌了34%。当考虑其长期上升趋势的健康状况时，很明显BABA具有相对较强的上升趋势偏差，并且通常在其关键的50W MA上得到良好支撑。过去4年中唯一一次失去关键的50W MA支撑位是在2018年熊市期间，当时BABA下跌了约40%，但仍在重要的200W MA上方得到良好支撑，我们通常认为这是“最后一道防线”。现在阿里巴巴再次面临类似的情况：下跌34%，失去了50W MA，但看起来在200W MA上方得到了很好的支撑。除此之外，价格行为分析中的一个有趣观察可能会导致价格行为交易者/投资者特别看涨：潜在的双底形成。阿里巴巴的价格似乎正在经历双底，就像2018年熊市期间一样，随后强劲反弹。因此，阿里巴巴目前的水平现在可能提供一个可能的技术买入切入点。</blockquote></p><p> <b>BABA's Fundamental Thesis: Rapidly Expanding Growth Drivers</b></p><p><blockquote><b>阿里巴巴的基本论点：快速扩大增长动力</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eba49f5881708929949c30628eedc5d4\" tg-width=\"934\" tg-height=\"578\"><span>Annual GMV. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>年度GMV。数据来源：公司备案</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a4d6c4ed3e2402f5af52b2dea8bab411\" tg-width=\"836\" tg-height=\"517\"><span>Annual e-commerce revenue. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>年电子商务收入。数据来源：公司备案</span></p></blockquote></p><p> BABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.</p><p><blockquote>阿里巴巴的GMV在短短7年内从1.68 T元增长到7.49 T元，复合年增长率为23.8%，增速确实惊人。我们还看到其GMV增长转化为收入增长，其中国商业收入从76.7亿元增长至4736.8亿元，过去10年复合年增长率为51%。虽然其国际足迹仍然相当小，但在过去10年中，其复合年增长率仍为30.42%，这一点也不慢。</blockquote></p><p> Even though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.</p><p><blockquote>尽管预计未来三年中国电子商务市场的增长速度将大幅放缓，复合年增长率为12.4%，从2021年的13.8 T元（相当于2.16 T美元）增长到2024年的19.6 T元（相当于3.06 T美元），但庞大的市场规模仍然为阿里巴巴及其最接近的竞争对手提供了巨大的增长潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffe2dee43f267e1d1399c68e3ca60f36\" tg-width=\"600\" tg-height=\"371\"><span>E-commerce revenue in the U.S. Data source: Statista</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国电子商务收入数据来源：Statista</span></p></blockquote></p><p> When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.</p><p><blockquote>当我们通过比较中国与美国电子商务市场的增长率和规模来更清晰地看待事物时，我们可以看到它们的规模和增长率的巨大差异，因为美国电子商务市场预计仅增长2021年至2025年的复合年增长率为4.67%，明显低于中国的12.4%。此外，美国市场的总收入预计也将达到约5630亿美元，是届时中国市场预计价值的18%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d5a8d0d8a6a2dcdf667a6f33c6c9771\" tg-width=\"1280\" tg-height=\"702\"><span>Peers EBIT Margin and Projected EBIT Margin. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>同行息税前利润率和预计息税前利润率。数据来源：标普资本智商</span></p></blockquote></p><p> Even though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&amp;A, and therefore skewed its EBIT margin to the downside.</p><p><blockquote>尽管阿里巴巴-SW一直面临着来自快速增长的主要竞争对手京东（纳斯达克：JD）和拼多多（纳斯达克：PDD）的越来越大的竞争压力，但阿里巴巴已经在经营利润更高的业务（息税前利润和自由现金流），并且预计未来将继续实现强劲的盈利能力，这将使该公司具有巨大的灵活性，可以与京东和拼多多正面竞争，以扩大其领导地位。投资者可能会注意到，阿里巴巴的息税前利润率受到其SG&amp;A中反映的27.82亿美元一次性行政罚款的影响，因此其息税前利润率出现下行。</blockquote></p><p></p><p> One important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of&nbsp;823M AAC&nbsp;in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only&nbsp;100M AAC in Q2’C17&nbsp;as compared to BABA’s 466M AAC in the same period.</p><p><blockquote>一项重要举措是该公司决定进一步投资社区市场，这是拼多多的主要电子商务战略，拼多多在最近一个季度总共获得了8.23亿AAC，而阿里巴巴的AAC为8.91亿。与阿里巴巴同期的4.66亿AAC相比，拼多多的AAC在2017年第二季度仅有1亿AAC，其AAC增长确实是惊人的。</blockquote></p><p> Therefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.</p><p><blockquote>因此，增长势头肯定已经转向社区市场领域，阿里巴巴需要拿出重磅炸弹（它已经拥有）来与拼多多和京东争夺主导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b83b69b08b1f4b11a26393c8e6eead5\" tg-width=\"600\" tg-height=\"371\"><span>Market size of community group buying in China. Data source: iiMedia Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国社区团购的市场规模。数据来源：艾媒咨询</span></p></blockquote></p><p> Even though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.</p><p><blockquote>尽管预计到2022年1020亿元的总市场规模仅占阿里巴巴21财年中国商业收入的21.5%左右，但阿里巴巴不能错过2019年至2022年3年内44.22%的预期快速复合年增长率。虽然市场还比较小，但BABA不能让这个市场目前的龙头：PDD在旁人无知的情况下，如此轻易地称霸并吞噬早期的高增长率。当然，阿里巴巴必须竞争并争取自己在这一领域的地位，并争取早期领导地位，以防止拼多多扩大领先优势。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b97b2b4a8a182dc9846d8fb7e4039877\" tg-width=\"1280\" tg-height=\"770\"><span>PDD profitability metrics &amp; revenue growth forecast. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>PDD盈利指标和收入增长预测。数据来源：标普资本智商</span></p></blockquote></p><p> We could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.</p><p><blockquote>我们可以从上图中观察到，拼多多的收入预计将在未来几年继续快速增长，尽管预计随后将正常化。更重要的是，拼多多预计未来的息税前利润和自由现金流盈利能力也将日益提高。这表明，社区市场细分市场是一个非常重要的增长动力，阿里巴巴必须利用其优势来利用它，以否认拼多多在游戏早期声称的无可争议的领导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3aadc32155b4108426a1a982e3b5b1c2\" tg-width=\"640\" tg-height=\"360\"><span>China public cloud spending. Source:China Internet Watch; Canalys</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国公有云支出。来源：中国互联网观察；Canalys</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c1538b9f7bdc8d6d35a72d9acf8ecbc\" tg-width=\"600\" tg-height=\"371\"><span>Size of China public cloud market. Data source: CAICT; Sina.com.cn</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国公有云市场规模。数据来源：中国信通技术；新浪网</span></p></blockquote></p><p> BABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.</p><p><blockquote>阿里巴巴在中国公有云市场拥有40%的份额，远远领先于其主要竞争对手。然而，值得注意的是，尽管处于领先地位，阿里巴巴仍处于大力投资模式，以继续扩大其市场份额，因为中国公共云市场预计将从2017年的264.8亿元增长到2023年的2307.4亿元，这将代表CAGR 43.4%，这是一个令人难以置信的出色增长率。当我们将中国的增长率与全球增长率（见下文）进行比较时，这一点尤其明显，因为全球公共云支出预计将从2017年的1450亿美元增长到2022年的3970亿美元，这将代表22.3%的CAGR。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06198c569504bc303c34563041dfb294\" tg-width=\"600\" tg-height=\"371\"><span>Worldwide public cloud spending. Data source: Gartner</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球公共云支出。数据来源：Gartner</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8482037f60575f964053ab732496bee3\" tg-width=\"1176\" tg-height=\"700\"><span>Worldwide public cloud market share. Source:CnTechPost; Gartner</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球公共云市场份额。来源：CnTechPost；Gartner</span></p></blockquote></p><p> Therefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.</p><p><blockquote>因此，阿里云在2020年以9.5%的市场份额继续扩大对Alphabet（纳斯达克：GOOGL）（纳斯达克：GOOG）GCP的领先优势，我并不觉得奇怪。虽然亚马逊仍然是市场上明显的领导者，但随着公共云支出的持续扩大，其市场份额一直在大幅下降，这表明多个参与者存在巨大的增长潜力。凭借阿里巴巴在快速扩张的中国市场的领导地位，我越来越看好该细分市场未来的利润和自由现金流对阿里巴巴业绩的贡献。尽管阿里巴巴的云部门尚未实现息税前利润（21财年息税前利润率：-15%，20财年息税前利润率：-17.5%），但值得注意的是，Alphabet的GCP也尚未实现盈利（20财年息税前利润率：-42.9%，19财年息税前利润率：-52%）。因此，我们需要给阿里巴巴一些时间来扩大其在亚太地区和中国的云服务规模，预计阿里巴巴将拥有更强大的领导力，使其能够更快地增长，投资者应该预计随着时间的推移，这将是一个高利润的细分市场。</blockquote></p><p> <b>BABA's Valuations Look Highly Compelling</b></p><p><blockquote><b>阿里巴巴的估值看起来非常引人注目</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62a087c4b3ef7efc2c5dde813e3b959d\" tg-width=\"1000\" tg-height=\"600\"><span>NTM TEV / EBIT 3Y range.</span></p><p><blockquote><p class=\"t-img-caption\"><span>NTM TEV/EBIT 3Y范围。</span></p></blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2605c0e5ad364a7a43929fef204595c\" tg-width=\"1280\" tg-height=\"687\"><span>EV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>EV/Fwd息税前利润和EV/Fwd Rev趋势。数据来源：标普资本智商</span></p></blockquote></p><p> When we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.</p><p><blockquote>当我们考虑阿里巴巴的TEV/EBIT历史范围（3年平均值为33.54倍）时，阿里巴巴的EV/Fwd EBIT趋势无疑意味着该股票被严重低估，因为预计阿里巴巴的收入和营业利润仍将快速增长。然而，由于我们希望更清楚地了解其同行的估值情况，我们认为如果我们对阿里巴巴的息税前利润进行估值，而不是下面介绍的一组基准公司，这将是有用的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d27873e676dfb23c98d4a69aa5861e02\" tg-width=\"1280\" tg-height=\"1117\"><span>Peers EV / EBIT Valuations. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>同行EV/EBIT估值。数据来源：标普资本智商</span></p></blockquote></p><p> By using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.</p><p><blockquote>通过混合使用历史和远期息税前利润，我们可以看到，与基准公司一组观察值的中值相比，阿里巴巴的EV/EBIT看起来确实被低估了。我们得出阿里巴巴的公允价值范围为294.98美元，位于该范围的中点，基于当前210美元的股价，这意味着40.5%的潜在上涨空间。</blockquote></p><p> <b>Risks to Assumptions</b></p><p><blockquote><b>假设风险</b></blockquote></p><p> Now, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.</p><p><blockquote>现在，看着先生如何表现显然令人困惑。市场决定对阿里巴巴进行折扣，就好像该公司已经失去了所有关键的增长来源，而事实上，其商业部门、新的市场举措和不断增长的阿里云部门仍有很大的潜在上涨空间，其中。我们认为该股表现不佳的主要现实原因只是监管风险。我们认为投资者应该承认这种风险是非常真实的，有时大型中国公司会发现自己受到中国政府的额外审查（事实上这并不是什么新鲜事）。这里关键的是，中国政府似乎对其科技巨头的行为和行动拥有重大影响力，而这些影响力有时可能在很大程度上是不可预测的。市场当然讨厌不可预测性，因此他们可能会因此大幅折扣阿里巴巴。如果投资者无法应对潜在不可预测的监管行动及其后果的不确定性，那么阿里巴巴可能不适合您。然而，如果你认为这只是阿里巴巴漫长旅程中的一个短暂时刻，那么你肯定会发现阿里巴巴现在的估值极具吸引力，再加上长期思维。</blockquote></p><p> <b>Wrapping It All Up</b></p><p><blockquote><b>把这一切包起来</b></blockquote></p><p> Alibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.</p><p><blockquote>阿里巴巴-SW继续取得稳健的业绩，展示了公司强大的执行能力。由于该公司继续在一个拥有如此多增长动力的市场中运营，预计将推动公司未来的增长，投资者应该会发现当前的估值非常有吸引力。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now\">seekingalpha</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":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175693382","content_text":"Summary\n\nAlibaba is probably the most undervalued growth stock right now.\nThe company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.\nThe short term technical picture may be turning bullish with a potential double bottom price action signal.\nWe discuss the company’s multiple growth drivers and let investors judge for themselves.\n\nYongyuan Dai/iStock Unreleased via Getty Images\nThe Technical Thesis\nSource: TradingView\nAlibaba’s stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.\nBABA's Fundamental Thesis: Rapidly Expanding Growth Drivers\nAnnual GMV. Data source: Company filings\nAnnual e-commerce revenue. Data source: Company filings\nBABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.\nEven though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.\nE-commerce revenue in the U.S. Data source: Statista\nWhen we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.\nPeers EBIT Margin and Projected EBIT Margin. Data source: S&P Capital IQ\nEven though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&A, and therefore skewed its EBIT margin to the downside.\nOne important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of 823M AAC in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only 100M AAC in Q2’C17 as compared to BABA’s 466M AAC in the same period.\nTherefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.\nMarket size of community group buying in China. Data source: iiMedia Research\nEven though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.\nPDD profitability metrics & revenue growth forecast. Data source: S&P Capital IQ\nWe could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.\nChina public cloud spending. Source:China Internet Watch; Canalys\nSize of China public cloud market. Data source: CAICT; Sina.com.cn\nBABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.\nWorldwide public cloud spending. Data source: Gartner\nWorldwide public cloud market share. Source:CnTechPost; Gartner\nTherefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.\nBABA's Valuations Look Highly Compelling\nNTM TEV / EBIT 3Y range.\nEV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&P Capital IQ\nWhen we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.\nPeers EV / EBIT Valuations. Data source: S&P Capital IQ\nBy using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.\nRisks to Assumptions\nNow, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.\nWrapping It All Up\nAlibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.","news_type":1,"symbols_score_info":{"BABA":0.9,"09988":0.9}},"isVote":1,"tweetType":1,"viewCount":581,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160675021,"gmtCreate":1623798302963,"gmtModify":1631884354489,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580887198114940","idStr":"3580887198114940"},"themes":[],"htmlText":"This push will change our future, only if the manufacturing process and waste management is handled properly.","listText":"This push will change our future, only if the manufacturing process and waste management is handled properly.","text":"This push will change our future, only if the manufacturing process and waste management is handled properly.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160675021","repostId":"1119457448","repostType":4,"isVote":1,"tweetType":1,"viewCount":635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160679788,"gmtCreate":1623798071144,"gmtModify":1631884354508,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580887198114940","idStr":"3580887198114940"},"themes":[],"htmlText":"Getting it approved fo me use in other countries will be the tipping pointBut how effective is it against COVID&nbsp;mutations? If this can also trigger the necessary body immune system then it’s a total game changer.&nbsp;","listText":"Getting it approved fo me use in other countries will be the tipping pointBut how effective is it against COVID&nbsp;mutations? If this can also trigger the necessary body immune system then it’s a total game changer.&nbsp;","text":"Getting it approved fo me use in other countries will be the tipping pointBut how effective is it against COVID mutations? If this can also trigger the necessary body immune system then it’s a total game changer.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160679788","repostId":"1167457915","repostType":4,"repost":{"id":"1167457915","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1623750756,"share":"https://www.laohu8.com/m/news/1167457915?lang=zh_CN&edition=full","pubTime":"2021-06-15 17:52","market":"us","language":"en","title":"Novavax Vs. Pfizer Vs. Moderna: How COVID-19 Vaccines Stack Up<blockquote>Novavax与辉瑞与Moderna：COVID-19疫苗如何叠加</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1167457915","media":"Benzinga","summary":"It was \"better late than never\" for Novavax, Inc.NVAX, as the biopharma finally got around to announ","content":"<p>It was \"better late than never\" for&nbsp;<b>Novavax, Inc.</b>NVAX, as the biopharma finally got around to announcing interim results from the U.S. and Mexico leg of the Phase 3 study of NVX-CoV2371, its vaccine candidate against the novel coronavirus.</p><p><blockquote>“迟到总比不到好”<b>诺瓦瓦克斯公司。</b>NVAX，这家生物制药公司终于抽出时间宣布了NVX-CoV2371（其针对新型冠状病毒病的候选疫苗）3期研究美国和墨西哥部分的中期结果。</blockquote></p><p> Here's a comparative perspective of the vaccine candidates from Novavax, and the frontrunners, namely<b>Pfizer Inc.</b>PFE 0.05%-<b>BioNTech SE</b>BNTXand<b>Moderna, Inc.</b>MRNA, both of which have authorized vaccines in the market.</p><p><blockquote>以下是Novavax候选疫苗和领跑者的比较视角，即<b>辉瑞公司。</b>PFE 0.05%-<b>BioNTech SE</b>BNTXand<b>莫德纳公司。</b>MRNA，两者都有授权疫苗上市。</blockquote></p><p> <b>Vaccine Type:</b>&nbsp;Novavax's NVX-CoV2371 is a recombinant nano-particle protein-based COVID-19 vaccine that is packaged with the company's proprietary Matrix-M adjuvant.</p><p><blockquote><b>疫苗类型：</b>Novavax的NVX-CoV2371是一种基于重组纳米颗粒蛋白的COVID-19疫苗，与该公司专有的Matrix-M佐剂包装在一起。</blockquote></p><p> The Pfizer-BioNTech and Moderna products are mRNA vaccines, or modern&nbsp;vaccines that work by using a genetic code called mRNA that instructs our immune cells to make spike protein, which is found on the surface of the virus that causes COVID-19.</p><p><blockquote>辉瑞-BioNTech和Moderna的产品是mRNA疫苗，或通过使用一种称为mRNA的遗传密码来发挥作用的现代疫苗，这种遗传密码指示我们的免疫细胞制造刺突蛋白，刺突蛋白存在于导致新冠肺炎的病毒表面。</blockquote></p><p> This spike protein, though harmless, is capable of triggering our immune system to produce antibodies that offer protection against future infection.</p><p><blockquote>这种刺突蛋白虽然无害，但能够触发我们的免疫系统产生抗体，防止未来的感染。</blockquote></p><p> Novavax's vaccine is a protein adjuvant that contains the spike protein of the coronavirus itself, but formulated as a nanoparticle&nbsp;that cannot cause disease. The injected vaccine then stimulates the immune system to produce antibodies and T-cell immune responses.</p><p><blockquote>Novavax的疫苗是一种蛋白质佐剂，含有冠状病毒本身的刺突蛋白，但配方为纳米颗粒，不会导致疾病。然后，注射的疫苗刺激免疫系统产生抗体和T细胞免疫反应。</blockquote></p><p> <b>The Vaccine Doses:</b>&nbsp;The vaccines from each of the three companies require two doses. Each dose consists of 30 mcg for Pfizer and 100 mcg for Moderna, while for Novavax, each vaccine dose consists of 5 mcg of NVX-CoV2371 and 50 mcg of Matrix-M1 adjuvant that are co-formulated.</p><p><blockquote><b>疫苗剂量：</b>这三家公司的疫苗都需要接种两剂。辉瑞的每剂由30 mcg和Moderna的100 mcg组成，而Novavax的每剂疫苗由5 mcg NVX-CoV2371和50 mcg Matrix-M1佐剂组成，它们是共同配制的。</blockquote></p><p> The interval between the two doses —&nbsp;the priming and booster dose —&nbsp;is 21 days each for Pfizer and Novavax and 28 days for Moderna.</p><p><blockquote>辉瑞和Novavax的两种剂量（初免剂量和加强剂量）之间的间隔为21天，Moderna为28天。</blockquote></p><p> <b>The Target Population:</b>&nbsp;The original late-stage trial of Pfizer-BioNTech evaluated the vaccine in participants&nbsp;ages 16 years and older. The trial enrolled 43,448 participants.</p><p><blockquote><b>目标人群：</b>辉瑞-BioNTech最初的后期试验在16岁及以上的参与者中评估了疫苗。该试验招募了43,448名参与者。</blockquote></p><p> Moderna'sPhase 3 COVE study enrolled 30,000 participants&nbsp;ages 18 years and up.</p><p><blockquote>Moderna的3期COVE研究招募了30,000名18岁及以上的参与者。</blockquote></p><p> Since then, these two companies have obtained authorizations for their respective vaccines to be used in adolescents.</p><p><blockquote>此后，这两家公司获得了各自疫苗用于青少年的授权。</blockquote></p><p> Bothcompanieshave also initiated studies in the pediatric population.</p><p><blockquote>两家公司还启动了针对儿科人群的研究。</blockquote></p><p> Novavax's study enrolled 29,960 participants&nbsp;18 years of age and older&nbsp;across 119 sites in the U.S. and Mexico. The placebo-controlled portion of PREVENT-19 continues in adolescents from 12 to less than 18 years of age and recently completed enrollment with 2,248 participants.</p><p><blockquote>Novavax的研究在美国和墨西哥的119个地点招募了29,960名18岁及以上的参与者。PREVENT-19的安慰剂对照部分继续在12岁至18岁以下的青少年中进行，最近完成了2,248名参与者的招募。</blockquote></p><p> <b>Vaccine Logistics:</b>&nbsp;Pfizer recently secured FDA authorization for storing undiluted, thawed vaccine vials in the refrigerator at 2°C to 8°C for up to one month.</p><p><blockquote><b>疫苗物流：</b>辉瑞公司最近获得了FDA的授权，可以将未稀释、解冻的疫苗瓶在2°C至8°C的冰箱中储存长达一个月。</blockquote></p><p> Previously, thawed, undiluted vaccine vials could be stored in the refrigerator for up to five&nbsp;days. Moderna's vaccine can be stored refrigerated between 2° and 8°C for up to 30 days prior to first use.</p><p><blockquote>以前，解冻、未稀释的疫苗瓶可以在冰箱中储存长达五天。Moderna的疫苗在首次使用前可以在2至8°C的冰箱中储存长达30天。</blockquote></p><p> NVX-CoV2373 is stored and stable at 2°- 8°C, allowing the use of existing vaccine supply chain channels for its distribution. It is packaged in a ready-to-use liquid formulation in 10-dose vials.</p><p><blockquote>NVX-CoV2373在2°-8°C下储存稳定，允许使用现有的疫苗供应链渠道进行分销。它被包装在10剂小瓶中的即用型液体制剂中。</blockquote></p><p> <b>Vaccine Efficacy:</b>&nbsp;Interim data from Pfizer-BioNTech's Phase 3 trials released in December showed the vaccine was well-tolerated and demonstrated 95% efficacy in preventing COVID-19 in those without prior infection seven&nbsp;days or more after the second dose. Updated top-line results released for up to six months after the second dose confirmed efficacy at 91.3%.</p><p><blockquote><b>疫苗效力：</b>辉瑞-BioNTech去年12月发布的3期试验中期数据显示，该疫苗耐受性良好，在第二剂疫苗接种后7天或更长时间内，在预防新冠肺炎方面表现出95%的功效。第二次给药后长达六个月发布的更新顶线结果证实疗效为91.3%。</blockquote></p><p> The vaccine was found 100% effective against severe disease as defined by the U.S. Centers for Disease Control and Prevention, and 95.3% effective against severe COVID-19 as defined by the FDA. It was also proved effective against the U.K. strain in lab studies.</p><p><blockquote>该疫苗被发现对美国疾病控制和预防中心定义的严重疾病100%有效，对FDA定义的严重新冠肺炎95.3%有效。在实验室研究中，它也被证明对英国菌株有效。</blockquote></p><p> Moderna's vaccine showed efficacy of 94.1% against COVID-19. The company announced in May initial data from its Phase 2 study showing that a single 50 mcg dose of mRNA-1273 or mRNA-1273.351 given as a booster to previously vaccinated individuals increased neutralizing antibody titer responses against SARS-CoV-2 and two variants of concern, B.1.351, first identified in South Africa, and P.1, first identified in Brazil.</p><p><blockquote>Moderna的疫苗对新冠肺炎的有效性为94.1%。该公司于5月宣布了其2期研究的初步数据，显示向先前接种疫苗的个体给予50微克剂量的mRNA-1273或mRNA-1273.351作为加强剂，增加了针对新型冠状病毒病毒和两种令人担忧的变异体的中和抗体滴度反应，B.1.351，首次在南非发现，P.1，首次在巴西发现。</blockquote></p><p> Novavax's investigational vaccine demonstrated 100% protection against moderate and severe disease not involving variants of concern or variants of interest.</p><p><blockquote>Novavax的研究疫苗对中度和重度疾病表现出100%的保护作用，不涉及令人担忧的变异体或感兴趣的变异体。</blockquote></p><p> Against variants of concern and variants of interest, the efficacy was 93.2% and in high-risk populations, defined as over 65 or under 65 years with certain comorbidities or having circumstances with frequent COVID-19 exposure, the efficacy was 91%.</p><p><blockquote>针对关注变异体和感兴趣变异体，疗效为93.2%，在高危人群（定义为65岁以上或65岁以下，患有某些合并症或经常暴露于新冠肺炎的情况）中，疗效为91%。</blockquote></p><p> Overall efficacy was 90.4%, meeting the primary endpoint.</p><p><blockquote>总疗效为90.4%，达到主要终点。</blockquote></p><p></p><p> <b>Cantor Fitzgerald On Novavax's Vaccine:</b>A differentiating factor for NVX-2373&nbsp;is that it showed vaccine efficacy of 93.2% against VoC/VoI, which demonstrates protection across a broad range of SARS-CoV-2 strains, Cantor Fitzgerald analyst Charles Duncan said in a Monday morning note.</p><p><blockquote><b>坎托·菲茨杰拉德谈Novavax的疫苗：</b>Cantor Fitzgerald分析师Charles Duncan在周一早间报告中表示，NVX-2373的一个与众不同之处在于，它对VoC/VoI表现出93.2%的疫苗效力，这证明了对多种新型冠状病毒毒株的保护作用。</blockquote></p><p> \"Overall, these results enhance our conviction for a differentiated clinical and logistics profile from the SARS-CoV-2 vaccine candidate ‘2373,\" the analyst said.</p><p><blockquote>该分析师表示：“总体而言，这些结果增强了我们对新型冠状病毒候选疫苗‘2373具有差异化临床和物流特征的信念。”</blockquote></p><p> Showing efficacy against new strains in two Phase 3 clinical trials, rather than extrapolating potential efficacy from a neutralizing antibody assay conducted in a petri dish, differentiates NVX-CoV2373 from other vaccines that have emergency use authorization, he said.</p><p><blockquote>他说，在两项3期临床试验中显示出对新毒株的功效，而不是从培养皿中进行的中和抗体测定中推断出潜在功效，这将NVX-CoV2373与其他获得紧急使用授权的疫苗区分开来。</blockquote></p><p> This profile, according to Cantor reduces regulatory/ commercial risk for the ‘2373 SARS-CoV-2 prophylactic vaccine candidate and, with positive Phase 3 data for NanoFlu reported in March 2020, should raise the profile for Novavax's platform as a whole.</p><p><blockquote>Cantor表示，这一概况降低了'2373新型冠状病毒预防性候选疫苗的监管/商业风险，并且随着2020年3月报告的NanoFlu 3期积极数据，应该会提高Novavax平台的整体形象。</blockquote></p><p> <b>Vaccine Safety Data:</b>Pfizer-BioNTech's vaccine showed a favorable tolerability and safety profile, with the most common adverse events from&nbsp;BNT162b2 being transient, mild to moderate pain at the injection site, fatigue and headache, and these generally resolved within two days.</p><p><blockquote><b>疫苗安全性数据：</b>辉瑞-BioNTech的疫苗显示出良好的耐受性和安全性，BNT 162 b 2最常见的不良事件是注射部位的短暂、轻度至中度疼痛、疲劳和头痛，这些通常在两天内消退。</blockquote></p><p> For Moderna, the most common adverse reactions included injection site pain, fatigue, myalgia, arthralgia, headache, and erythema/redness at the injection site. Solicited adverse reactions increased in frequency and severity in the mRNA-1273 group after the second dose.</p><p><blockquote>对于Moderna，最常见的不良反应包括注射部位疼痛、疲劳、肌痛、关节痛、头痛和注射部位红斑/发红。第二次给药后，mRNA-1273组中引起的不良反应的频率和严重程度增加。</blockquote></p><p> Preliminary safety data from Novavax's trial showed the vaccine to be generally well-tolerated. Serious and severe adverse events were low in number and balanced between vaccine and placebo groups.</p><p><blockquote>Novavax试验的初步安全性数据显示，该疫苗总体耐受性良好。严重和严重不良事件的数量较少，并且在疫苗组和安慰剂组之间平衡。</blockquote></p><p> In assessing reactogenicity seven&nbsp;days after dose one&nbsp;and dose two, injection site pain and tenderness, generally mild to moderate in severity, were the most common local symptoms, lasting less than three days. Fatigue, headache and muscle pain were the most common systemic symptoms, lasting less than two days.</p><p><blockquote>在第1剂和第2剂后7天评估反应原性时，注射部位疼痛和压痛（通常严重程度为轻度至中度）是最常见的局部症状，持续时间少于3天。疲劳、头痛和肌肉疼痛是最常见的全身症状，持续时间不到两天。</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>Novavax Vs. Pfizer Vs. Moderna: How COVID-19 Vaccines Stack Up<blockquote>Novavax与辉瑞与Moderna：COVID-19疫苗如何叠加</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\">\nNovavax Vs. Pfizer Vs. Moderna: How COVID-19 Vaccines Stack Up<blockquote>Novavax与辉瑞与Moderna：COVID-19疫苗如何叠加</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 </p>\n<p class=\"h-time smaller\">2021-06-15 17:52</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>It was \"better late than never\" for&nbsp;<b>Novavax, Inc.</b>NVAX, as the biopharma finally got around to announcing interim results from the U.S. and Mexico leg of the Phase 3 study of NVX-CoV2371, its vaccine candidate against the novel coronavirus.</p><p><blockquote>“迟到总比不到好”<b>诺瓦瓦克斯公司。</b>NVAX，这家生物制药公司终于抽出时间宣布了NVX-CoV2371（其针对新型冠状病毒病的候选疫苗）3期研究美国和墨西哥部分的中期结果。</blockquote></p><p> Here's a comparative perspective of the vaccine candidates from Novavax, and the frontrunners, namely<b>Pfizer Inc.</b>PFE 0.05%-<b>BioNTech SE</b>BNTXand<b>Moderna, Inc.</b>MRNA, both of which have authorized vaccines in the market.</p><p><blockquote>以下是Novavax候选疫苗和领跑者的比较视角，即<b>辉瑞公司。</b>PFE 0.05%-<b>BioNTech SE</b>BNTXand<b>莫德纳公司。</b>MRNA，两者都有授权疫苗上市。</blockquote></p><p> <b>Vaccine Type:</b>&nbsp;Novavax's NVX-CoV2371 is a recombinant nano-particle protein-based COVID-19 vaccine that is packaged with the company's proprietary Matrix-M adjuvant.</p><p><blockquote><b>疫苗类型：</b>Novavax的NVX-CoV2371是一种基于重组纳米颗粒蛋白的COVID-19疫苗，与该公司专有的Matrix-M佐剂包装在一起。</blockquote></p><p> The Pfizer-BioNTech and Moderna products are mRNA vaccines, or modern&nbsp;vaccines that work by using a genetic code called mRNA that instructs our immune cells to make spike protein, which is found on the surface of the virus that causes COVID-19.</p><p><blockquote>辉瑞-BioNTech和Moderna的产品是mRNA疫苗，或通过使用一种称为mRNA的遗传密码来发挥作用的现代疫苗，这种遗传密码指示我们的免疫细胞制造刺突蛋白，刺突蛋白存在于导致新冠肺炎的病毒表面。</blockquote></p><p> This spike protein, though harmless, is capable of triggering our immune system to produce antibodies that offer protection against future infection.</p><p><blockquote>这种刺突蛋白虽然无害，但能够触发我们的免疫系统产生抗体，防止未来的感染。</blockquote></p><p> Novavax's vaccine is a protein adjuvant that contains the spike protein of the coronavirus itself, but formulated as a nanoparticle&nbsp;that cannot cause disease. The injected vaccine then stimulates the immune system to produce antibodies and T-cell immune responses.</p><p><blockquote>Novavax的疫苗是一种蛋白质佐剂，含有冠状病毒本身的刺突蛋白，但配方为纳米颗粒，不会导致疾病。然后，注射的疫苗刺激免疫系统产生抗体和T细胞免疫反应。</blockquote></p><p> <b>The Vaccine Doses:</b>&nbsp;The vaccines from each of the three companies require two doses. Each dose consists of 30 mcg for Pfizer and 100 mcg for Moderna, while for Novavax, each vaccine dose consists of 5 mcg of NVX-CoV2371 and 50 mcg of Matrix-M1 adjuvant that are co-formulated.</p><p><blockquote><b>疫苗剂量：</b>这三家公司的疫苗都需要接种两剂。辉瑞的每剂由30 mcg和Moderna的100 mcg组成，而Novavax的每剂疫苗由5 mcg NVX-CoV2371和50 mcg Matrix-M1佐剂组成，它们是共同配制的。</blockquote></p><p> The interval between the two doses —&nbsp;the priming and booster dose —&nbsp;is 21 days each for Pfizer and Novavax and 28 days for Moderna.</p><p><blockquote>辉瑞和Novavax的两种剂量（初免剂量和加强剂量）之间的间隔为21天，Moderna为28天。</blockquote></p><p> <b>The Target Population:</b>&nbsp;The original late-stage trial of Pfizer-BioNTech evaluated the vaccine in participants&nbsp;ages 16 years and older. The trial enrolled 43,448 participants.</p><p><blockquote><b>目标人群：</b>辉瑞-BioNTech最初的后期试验在16岁及以上的参与者中评估了疫苗。该试验招募了43,448名参与者。</blockquote></p><p> Moderna'sPhase 3 COVE study enrolled 30,000 participants&nbsp;ages 18 years and up.</p><p><blockquote>Moderna的3期COVE研究招募了30,000名18岁及以上的参与者。</blockquote></p><p> Since then, these two companies have obtained authorizations for their respective vaccines to be used in adolescents.</p><p><blockquote>此后，这两家公司获得了各自疫苗用于青少年的授权。</blockquote></p><p> Bothcompanieshave also initiated studies in the pediatric population.</p><p><blockquote>两家公司还启动了针对儿科人群的研究。</blockquote></p><p> Novavax's study enrolled 29,960 participants&nbsp;18 years of age and older&nbsp;across 119 sites in the U.S. and Mexico. The placebo-controlled portion of PREVENT-19 continues in adolescents from 12 to less than 18 years of age and recently completed enrollment with 2,248 participants.</p><p><blockquote>Novavax的研究在美国和墨西哥的119个地点招募了29,960名18岁及以上的参与者。PREVENT-19的安慰剂对照部分继续在12岁至18岁以下的青少年中进行，最近完成了2,248名参与者的招募。</blockquote></p><p> <b>Vaccine Logistics:</b>&nbsp;Pfizer recently secured FDA authorization for storing undiluted, thawed vaccine vials in the refrigerator at 2°C to 8°C for up to one month.</p><p><blockquote><b>疫苗物流：</b>辉瑞公司最近获得了FDA的授权，可以将未稀释、解冻的疫苗瓶在2°C至8°C的冰箱中储存长达一个月。</blockquote></p><p> Previously, thawed, undiluted vaccine vials could be stored in the refrigerator for up to five&nbsp;days. Moderna's vaccine can be stored refrigerated between 2° and 8°C for up to 30 days prior to first use.</p><p><blockquote>以前，解冻、未稀释的疫苗瓶可以在冰箱中储存长达五天。Moderna的疫苗在首次使用前可以在2至8°C的冰箱中储存长达30天。</blockquote></p><p> NVX-CoV2373 is stored and stable at 2°- 8°C, allowing the use of existing vaccine supply chain channels for its distribution. It is packaged in a ready-to-use liquid formulation in 10-dose vials.</p><p><blockquote>NVX-CoV2373在2°-8°C下储存稳定，允许使用现有的疫苗供应链渠道进行分销。它被包装在10剂小瓶中的即用型液体制剂中。</blockquote></p><p> <b>Vaccine Efficacy:</b>&nbsp;Interim data from Pfizer-BioNTech's Phase 3 trials released in December showed the vaccine was well-tolerated and demonstrated 95% efficacy in preventing COVID-19 in those without prior infection seven&nbsp;days or more after the second dose. Updated top-line results released for up to six months after the second dose confirmed efficacy at 91.3%.</p><p><blockquote><b>疫苗效力：</b>辉瑞-BioNTech去年12月发布的3期试验中期数据显示，该疫苗耐受性良好，在第二剂疫苗接种后7天或更长时间内，在预防新冠肺炎方面表现出95%的功效。第二次给药后长达六个月发布的更新顶线结果证实疗效为91.3%。</blockquote></p><p> The vaccine was found 100% effective against severe disease as defined by the U.S. Centers for Disease Control and Prevention, and 95.3% effective against severe COVID-19 as defined by the FDA. It was also proved effective against the U.K. strain in lab studies.</p><p><blockquote>该疫苗被发现对美国疾病控制和预防中心定义的严重疾病100%有效，对FDA定义的严重新冠肺炎95.3%有效。在实验室研究中，它也被证明对英国菌株有效。</blockquote></p><p> Moderna's vaccine showed efficacy of 94.1% against COVID-19. The company announced in May initial data from its Phase 2 study showing that a single 50 mcg dose of mRNA-1273 or mRNA-1273.351 given as a booster to previously vaccinated individuals increased neutralizing antibody titer responses against SARS-CoV-2 and two variants of concern, B.1.351, first identified in South Africa, and P.1, first identified in Brazil.</p><p><blockquote>Moderna的疫苗对新冠肺炎的有效性为94.1%。该公司于5月宣布了其2期研究的初步数据，显示向先前接种疫苗的个体给予50微克剂量的mRNA-1273或mRNA-1273.351作为加强剂，增加了针对新型冠状病毒病毒和两种令人担忧的变异体的中和抗体滴度反应，B.1.351，首次在南非发现，P.1，首次在巴西发现。</blockquote></p><p> Novavax's investigational vaccine demonstrated 100% protection against moderate and severe disease not involving variants of concern or variants of interest.</p><p><blockquote>Novavax的研究疫苗对中度和重度疾病表现出100%的保护作用，不涉及令人担忧的变异体或感兴趣的变异体。</blockquote></p><p> Against variants of concern and variants of interest, the efficacy was 93.2% and in high-risk populations, defined as over 65 or under 65 years with certain comorbidities or having circumstances with frequent COVID-19 exposure, the efficacy was 91%.</p><p><blockquote>针对关注变异体和感兴趣变异体，疗效为93.2%，在高危人群（定义为65岁以上或65岁以下，患有某些合并症或经常暴露于新冠肺炎的情况）中，疗效为91%。</blockquote></p><p> Overall efficacy was 90.4%, meeting the primary endpoint.</p><p><blockquote>总疗效为90.4%，达到主要终点。</blockquote></p><p></p><p> <b>Cantor Fitzgerald On Novavax's Vaccine:</b>A differentiating factor for NVX-2373&nbsp;is that it showed vaccine efficacy of 93.2% against VoC/VoI, which demonstrates protection across a broad range of SARS-CoV-2 strains, Cantor Fitzgerald analyst Charles Duncan said in a Monday morning note.</p><p><blockquote><b>坎托·菲茨杰拉德谈Novavax的疫苗：</b>Cantor Fitzgerald分析师Charles Duncan在周一早间报告中表示，NVX-2373的一个与众不同之处在于，它对VoC/VoI表现出93.2%的疫苗效力，这证明了对多种新型冠状病毒毒株的保护作用。</blockquote></p><p> \"Overall, these results enhance our conviction for a differentiated clinical and logistics profile from the SARS-CoV-2 vaccine candidate ‘2373,\" the analyst said.</p><p><blockquote>该分析师表示：“总体而言，这些结果增强了我们对新型冠状病毒候选疫苗‘2373具有差异化临床和物流特征的信念。”</blockquote></p><p> Showing efficacy against new strains in two Phase 3 clinical trials, rather than extrapolating potential efficacy from a neutralizing antibody assay conducted in a petri dish, differentiates NVX-CoV2373 from other vaccines that have emergency use authorization, he said.</p><p><blockquote>他说，在两项3期临床试验中显示出对新毒株的功效，而不是从培养皿中进行的中和抗体测定中推断出潜在功效，这将NVX-CoV2373与其他获得紧急使用授权的疫苗区分开来。</blockquote></p><p> This profile, according to Cantor reduces regulatory/ commercial risk for the ‘2373 SARS-CoV-2 prophylactic vaccine candidate and, with positive Phase 3 data for NanoFlu reported in March 2020, should raise the profile for Novavax's platform as a whole.</p><p><blockquote>Cantor表示，这一概况降低了'2373新型冠状病毒预防性候选疫苗的监管/商业风险，并且随着2020年3月报告的NanoFlu 3期积极数据，应该会提高Novavax平台的整体形象。</blockquote></p><p> <b>Vaccine Safety Data:</b>Pfizer-BioNTech's vaccine showed a favorable tolerability and safety profile, with the most common adverse events from&nbsp;BNT162b2 being transient, mild to moderate pain at the injection site, fatigue and headache, and these generally resolved within two days.</p><p><blockquote><b>疫苗安全性数据：</b>辉瑞-BioNTech的疫苗显示出良好的耐受性和安全性，BNT 162 b 2最常见的不良事件是注射部位的短暂、轻度至中度疼痛、疲劳和头痛，这些通常在两天内消退。</blockquote></p><p> For Moderna, the most common adverse reactions included injection site pain, fatigue, myalgia, arthralgia, headache, and erythema/redness at the injection site. Solicited adverse reactions increased in frequency and severity in the mRNA-1273 group after the second dose.</p><p><blockquote>对于Moderna，最常见的不良反应包括注射部位疼痛、疲劳、肌痛、关节痛、头痛和注射部位红斑/发红。第二次给药后，mRNA-1273组中引起的不良反应的频率和严重程度增加。</blockquote></p><p> Preliminary safety data from Novavax's trial showed the vaccine to be generally well-tolerated. Serious and severe adverse events were low in number and balanced between vaccine and placebo groups.</p><p><blockquote>Novavax试验的初步安全性数据显示，该疫苗总体耐受性良好。严重和严重不良事件的数量较少，并且在疫苗组和安慰剂组之间平衡。</blockquote></p><p> In assessing reactogenicity seven&nbsp;days after dose one&nbsp;and dose two, injection site pain and tenderness, generally mild to moderate in severity, were the most common local symptoms, lasting less than three days. Fatigue, headache and muscle pain were the most common systemic symptoms, lasting less than two days.</p><p><blockquote>在第1剂和第2剂后7天评估反应原性时，注射部位疼痛和压痛（通常严重程度为轻度至中度）是最常见的局部症状，持续时间少于3天。疲劳、头痛和肌肉疼痛是最常见的全身症状，持续时间不到两天。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞","NVAX":"诺瓦瓦克斯医药","MRNA":"Moderna, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167457915","content_text":"It was \"better late than never\" for Novavax, Inc.NVAX, as the biopharma finally got around to announcing interim results from the U.S. and Mexico leg of the Phase 3 study of NVX-CoV2371, its vaccine candidate against the novel coronavirus.\nHere's a comparative perspective of the vaccine candidates from Novavax, and the frontrunners, namelyPfizer Inc.PFE 0.05%-BioNTech SEBNTXandModerna, Inc.MRNA, both of which have authorized vaccines in the market.\nVaccine Type: Novavax's NVX-CoV2371 is a recombinant nano-particle protein-based COVID-19 vaccine that is packaged with the company's proprietary Matrix-M adjuvant.\nThe Pfizer-BioNTech and Moderna products are mRNA vaccines, or modern vaccines that work by using a genetic code called mRNA that instructs our immune cells to make spike protein, which is found on the surface of the virus that causes COVID-19.\nThis spike protein, though harmless, is capable of triggering our immune system to produce antibodies that offer protection against future infection.\nNovavax's vaccine is a protein adjuvant that contains the spike protein of the coronavirus itself, but formulated as a nanoparticle that cannot cause disease. The injected vaccine then stimulates the immune system to produce antibodies and T-cell immune responses.\nThe Vaccine Doses: The vaccines from each of the three companies require two doses. Each dose consists of 30 mcg for Pfizer and 100 mcg for Moderna, while for Novavax, each vaccine dose consists of 5 mcg of NVX-CoV2371 and 50 mcg of Matrix-M1 adjuvant that are co-formulated.\nThe interval between the two doses — the priming and booster dose — is 21 days each for Pfizer and Novavax and 28 days for Moderna.\nThe Target Population: The original late-stage trial of Pfizer-BioNTech evaluated the vaccine in participants ages 16 years and older. The trial enrolled 43,448 participants.\nModerna'sPhase 3 COVE study enrolled 30,000 participants ages 18 years and up.\nSince then, these two companies have obtained authorizations for their respective vaccines to be used in adolescents.\nBothcompanieshave also initiated studies in the pediatric population.\nNovavax's study enrolled 29,960 participants 18 years of age and older across 119 sites in the U.S. and Mexico. The placebo-controlled portion of PREVENT-19 continues in adolescents from 12 to less than 18 years of age and recently completed enrollment with 2,248 participants.\nVaccine Logistics: Pfizer recently secured FDA authorization for storing undiluted, thawed vaccine vials in the refrigerator at 2°C to 8°C for up to one month.\nPreviously, thawed, undiluted vaccine vials could be stored in the refrigerator for up to five days. Moderna's vaccine can be stored refrigerated between 2° and 8°C for up to 30 days prior to first use.\nNVX-CoV2373 is stored and stable at 2°- 8°C, allowing the use of existing vaccine supply chain channels for its distribution. It is packaged in a ready-to-use liquid formulation in 10-dose vials.\nVaccine Efficacy: Interim data from Pfizer-BioNTech's Phase 3 trials released in December showed the vaccine was well-tolerated and demonstrated 95% efficacy in preventing COVID-19 in those without prior infection seven days or more after the second dose. Updated top-line results released for up to six months after the second dose confirmed efficacy at 91.3%.\nThe vaccine was found 100% effective against severe disease as defined by the U.S. Centers for Disease Control and Prevention, and 95.3% effective against severe COVID-19 as defined by the FDA. It was also proved effective against the U.K. strain in lab studies.\nModerna's vaccine showed efficacy of 94.1% against COVID-19. The company announced in May initial data from its Phase 2 study showing that a single 50 mcg dose of mRNA-1273 or mRNA-1273.351 given as a booster to previously vaccinated individuals increased neutralizing antibody titer responses against SARS-CoV-2 and two variants of concern, B.1.351, first identified in South Africa, and P.1, first identified in Brazil.\nNovavax's investigational vaccine demonstrated 100% protection against moderate and severe disease not involving variants of concern or variants of interest.\nAgainst variants of concern and variants of interest, the efficacy was 93.2% and in high-risk populations, defined as over 65 or under 65 years with certain comorbidities or having circumstances with frequent COVID-19 exposure, the efficacy was 91%.\nOverall efficacy was 90.4%, meeting the primary endpoint.\nCantor Fitzgerald On Novavax's Vaccine:A differentiating factor for NVX-2373 is that it showed vaccine efficacy of 93.2% against VoC/VoI, which demonstrates protection across a broad range of SARS-CoV-2 strains, Cantor Fitzgerald analyst Charles Duncan said in a Monday morning note.\n\"Overall, these results enhance our conviction for a differentiated clinical and logistics profile from the SARS-CoV-2 vaccine candidate ‘2373,\" the analyst said.\nShowing efficacy against new strains in two Phase 3 clinical trials, rather than extrapolating potential efficacy from a neutralizing antibody assay conducted in a petri dish, differentiates NVX-CoV2373 from other vaccines that have emergency use authorization, he said.\nThis profile, according to Cantor reduces regulatory/ commercial risk for the ‘2373 SARS-CoV-2 prophylactic vaccine candidate and, with positive Phase 3 data for NanoFlu reported in March 2020, should raise the profile for Novavax's platform as a whole.\nVaccine Safety Data:Pfizer-BioNTech's vaccine showed a favorable tolerability and safety profile, with the most common adverse events from BNT162b2 being transient, mild to moderate pain at the injection site, fatigue and headache, and these generally resolved within two days.\nFor Moderna, the most common adverse reactions included injection site pain, fatigue, myalgia, arthralgia, headache, and erythema/redness at the injection site. Solicited adverse reactions increased in frequency and severity in the mRNA-1273 group after the second dose.\nPreliminary safety data from Novavax's trial showed the vaccine to be generally well-tolerated. Serious and severe adverse events were low in number and balanced between vaccine and placebo groups.\nIn assessing reactogenicity seven days after dose one and dose two, injection site pain and tenderness, generally mild to moderate in severity, were the most common local symptoms, lasting less than three days. Fatigue, headache and muscle pain were the most common systemic symptoms, lasting less than two days.","news_type":1,"symbols_score_info":{"MRNA":0.9,"NVAX":0.9,"PFE":0.9}},"isVote":1,"tweetType":1,"viewCount":444,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160641413,"gmtCreate":1623797742332,"gmtModify":1631884354519,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580887198114940","idStr":"3580887198114940"},"themes":[],"htmlText":"There are many other&nbsp;competitors in China and the okie isn’t big enough for everyone.","listText":"There are many other&nbsp;competitors in China and the okie isn’t big enough for everyone.","text":"There are many other competitors in China and the okie isn’t big enough for everyone.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160641413","repostId":"1146386859","repostType":2,"isVote":1,"tweetType":1,"viewCount":576,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160656400,"gmtCreate":1623797366700,"gmtModify":1631890096829,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580887198114940","idStr":"3580887198114940"},"themes":[],"htmlText":"Adapt to the situation and plan ahead, else you,ll get left behind and lose the “pie”","listText":"Adapt to the situation and plan ahead, else you,ll get left behind and lose the “pie”","text":"Adapt to the situation and plan ahead, else you,ll get left behind and lose the “pie”","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160656400","repostId":"1187102856","repostType":4,"isVote":1,"tweetType":1,"viewCount":532,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118125047,"gmtCreate":1622724644389,"gmtModify":1631890096841,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580887198114940","idStr":"3580887198114940"},"themes":[],"htmlText":"Wait and seeOr dive and buy? Worth the risk?","listText":"Wait and seeOr dive and buy? Worth the risk?","text":"Wait and seeOr dive and buy? Worth the risk?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/118125047","repostId":"2140542610","repostType":4,"repost":{"id":"2140542610","kind":"live","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":1622718376,"share":"https://www.laohu8.com/m/news/2140542610?lang=zh_CN&edition=full","pubTime":"2021-06-03 19:06","market":"us","language":"en","title":"AMC Entertainment Holdings Files To Sell Up To 11.55Mln Shares<blockquote>AMC院线控股公司申请出售最多1155万股股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2140542610","media":"Tiger Newspress","summary":"AMC tumbles 10% after new stock sale announcement, wipes out 20% premarket rally.AMC Entertainment s","content":"<p>AMC tumbles 10% after new stock sale announcement, wipes out 20% premarket rally.</p><p><blockquote>新股发售公告后，AMC股价下跌10%，抹去了盘前20%的涨幅。</blockquote></p><p><img src=\"https://static.tigerbbs.com/df04643ab4f4847afdb5d9d3285e25fa\" tg-width=\"1302\" tg-height=\"663\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>AMC Entertainment&nbsp;shares erased a 20% rally and plunged double digits in premarket trading on Thursday following a stock sale announcement.</p><p><blockquote>在宣布出售股票后，AMC院线股价周四在盘前交易中回吐了20%的涨幅并暴跌两位数。</blockquote></p><p>The meme stock last traded down 10% after soaring more than 20% earlier Thursday before markets opened.</p><p><blockquote>该meme股票在周四早些时候开盘前飙升超过20%后，最后下跌10%。</blockquote></p><p>AMC said in a regulatory filing that it may offer and sell from time to time up to an aggregate of 11.55 million shares of its Class&nbsp;A common stock.</p><p><blockquote>AMC在一份监管文件中表示，它可能会不时发行和出售总计1155万股A类普通股。</blockquote></p><p>The move comes after AMC&nbsp;soared 95% in the regular trading session&nbsp;Wednesday to close at an all-time high of $62.55. Its previous closing record of $35.86 was reached in 2015, according to FactSet data.</p><p><blockquote>此前，AMC在周三的常规交易时段飙升95%，收于62.55美元的历史高点。FactSet数据显示，其此前的收盘纪录为35.86美元，是在2015年创下的。</blockquote></p><p>AMC’s stock spiked as it hit an intraday high of $72.62, well above its previous intraday record of $36.72.</p><p><blockquote>AMC股价飙升，触及72.62美元的盘中高点，远高于此前36.72美元的盘中纪录。</blockquote></p><p>In a similar occurrence seen in January with the meme stocks like GameStop, defiant short-sellers have increased their bets against AMC shares over the last month, possibly fueling the move higher. About 18% of the AMC shares available for trading are still sold short through Wednesday, according to S3 Partners.</p><p><blockquote>与1月份游戏驿站等模因股票发生的类似情况一样，目中无人的卖空者在上个月增加了对AMC股票的押注，这可能会推动股价走高。据S3 Partners称，截至周三，约18%可供交易的AMC股票仍被卖空。</blockquote></p><p>On Wednesday, short-sellers lost $2.8 billion as the stock surged, according to S3. That brings their year-to-date losses to more than $5 billion, according to S3.</p><p><blockquote>据S3称，周三，随着该股飙升，卖空者损失了28亿美元。据S3称，这使得他们今年迄今的亏损超过50亿美元。</blockquote></p><p>Short sellers like hedge funds borrow the stock from an investment bank and sell it in the hopes of buying it back at a lower price and returning the shares, pocketing the difference. However, when a stock surges higher, a so-called short squeeze can occur where investors are forced to buy back the stock to cut their losses.</p><p><blockquote>对冲基金等卖空者从投资银行借入股票并出售，希望以更低的价格回购并返还股票，从而将差价收入囊中。然而，当股票飙升时，可能会发生所谓的轧空，投资者被迫回购股票以减少损失。</blockquote></p><p>Trading was halted several times Wednesday as shares were up more than 100% at one point. At the end of the day, more than 710 million shares exchanged hands. That’s nearly double the number of AMC’s shares outstanding. The company’s 30-day average volume is just 143 million shares.</p><p><blockquote>周三，由于股价一度上涨超过100%，交易多次停牌。截至收盘，超过7.1亿股换手。这几乎是AMC已发行股票数量的两倍。该公司30天平均成交量仅为1.43亿股。</blockquote></p><p>Retail investors — many active on Reddit’s WallStreetBets forum — led the AMC rally, and AMC executives have taken note. On Wednesday, the company announced a&nbsp;new portal to connect with individual investors&nbsp;and offered free popcorn, exclusive screenings and other perks to those who hold its stock.</p><p><blockquote>散户投资者（其中许多人活跃在Reddit的WallStreetBets论坛上）引领了AMC的涨势，AMC高管也注意到了这一点。周三，该公司宣布推出一个与个人投资者联系的新门户网站，并向持有其股票的人提供免费爆米花、独家放映和其他福利。</blockquote></p><p>JPMorgan noted that in the last week, retail order flow into AMC jumped to $583 million, 6.9 standard deviations above the average level of the last one year. According to their quantitative strategy, this kind of imbalance can lead to more outperformance by the stock in coming weeks.</p><p><blockquote>摩根大通指出，上周流入AMC的零售订单跃升至5.83亿美元，比过去一年的平均水平高出6.9个标准差。根据他们的量化策略，这种不平衡可能会导致该股在未来几周内表现更加优异。</blockquote></p><p>AMC shares are up 2850% so far this year, bringing its market capitalization to more than $31 billion. That makes it worth more than stocks like Delta Air Lines, State Street and Best Buy.</p><p><blockquote>今年迄今为止，AMC股价已上涨2850%，市值超过310亿美元。这使得它的价值超过了达美航空、道富银行和百思买等股票。</blockquote></p><p>Wednesday’s wild trading activity comes even after an investment firm reportedly sold off its stake in the company. On Tuesday, AMC revealed it&nbsp;sold 8.5 million newly issued shares to Mudrick Capital, the latest in a series of capital raises for the stock. The hedge fund later&nbsp;sold all of its AMC stock for a profitthat same day, according to&nbsp;Bloomberg News.</p><p><blockquote>据报道，一家投资公司出售了其在该公司的股份，周三的疯狂交易活动仍在继续。周二，AMC透露向Mudrick Capital出售了850万股新发行的股票，这是该股一系列融资中的最新一次。据彭博社报道，该对冲基金后来在同一天出售了其所有AMC股票以获取利润。</blockquote></p><p>Most Wall Street analysts believe AMC shares will plummet eventually. The average 12-month target price of analysts is $5.11, according to FactSet.</p><p><blockquote>大多数华尔街分析师认为AMC股价最终将暴跌。FactSet的数据显示，分析师的平均12个月目标价为5.11美元。</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>AMC Entertainment Holdings Files To Sell Up To 11.55Mln Shares<blockquote>AMC院线控股公司申请出售最多1155万股股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC Entertainment Holdings Files To Sell Up To 11.55Mln Shares<blockquote>AMC院线控股公司申请出售最多1155万股股票</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\">2021-06-03 19:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>AMC tumbles 10% after new stock sale announcement, wipes out 20% premarket rally.</p><p><blockquote>新股发售公告后，AMC股价下跌10%，抹去了盘前20%的涨幅。</blockquote></p><p><img src=\"https://static.tigerbbs.com/df04643ab4f4847afdb5d9d3285e25fa\" tg-width=\"1302\" tg-height=\"663\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>AMC Entertainment&nbsp;shares erased a 20% rally and plunged double digits in premarket trading on Thursday following a stock sale announcement.</p><p><blockquote>在宣布出售股票后，AMC院线股价周四在盘前交易中回吐了20%的涨幅并暴跌两位数。</blockquote></p><p>The meme stock last traded down 10% after soaring more than 20% earlier Thursday before markets opened.</p><p><blockquote>该meme股票在周四早些时候开盘前飙升超过20%后，最后下跌10%。</blockquote></p><p>AMC said in a regulatory filing that it may offer and sell from time to time up to an aggregate of 11.55 million shares of its Class&nbsp;A common stock.</p><p><blockquote>AMC在一份监管文件中表示，它可能会不时发行和出售总计1155万股A类普通股。</blockquote></p><p>The move comes after AMC&nbsp;soared 95% in the regular trading session&nbsp;Wednesday to close at an all-time high of $62.55. Its previous closing record of $35.86 was reached in 2015, according to FactSet data.</p><p><blockquote>此前，AMC在周三的常规交易时段飙升95%，收于62.55美元的历史高点。FactSet数据显示，其此前的收盘纪录为35.86美元，是在2015年创下的。</blockquote></p><p>AMC’s stock spiked as it hit an intraday high of $72.62, well above its previous intraday record of $36.72.</p><p><blockquote>AMC股价飙升，触及72.62美元的盘中高点，远高于此前36.72美元的盘中纪录。</blockquote></p><p>In a similar occurrence seen in January with the meme stocks like GameStop, defiant short-sellers have increased their bets against AMC shares over the last month, possibly fueling the move higher. About 18% of the AMC shares available for trading are still sold short through Wednesday, according to S3 Partners.</p><p><blockquote>与1月份游戏驿站等模因股票发生的类似情况一样，目中无人的卖空者在上个月增加了对AMC股票的押注，这可能会推动股价走高。据S3 Partners称，截至周三，约18%可供交易的AMC股票仍被卖空。</blockquote></p><p>On Wednesday, short-sellers lost $2.8 billion as the stock surged, according to S3. That brings their year-to-date losses to more than $5 billion, according to S3.</p><p><blockquote>据S3称，周三，随着该股飙升，卖空者损失了28亿美元。据S3称，这使得他们今年迄今的亏损超过50亿美元。</blockquote></p><p>Short sellers like hedge funds borrow the stock from an investment bank and sell it in the hopes of buying it back at a lower price and returning the shares, pocketing the difference. However, when a stock surges higher, a so-called short squeeze can occur where investors are forced to buy back the stock to cut their losses.</p><p><blockquote>对冲基金等卖空者从投资银行借入股票并出售，希望以更低的价格回购并返还股票，从而将差价收入囊中。然而，当股票飙升时，可能会发生所谓的轧空，投资者被迫回购股票以减少损失。</blockquote></p><p>Trading was halted several times Wednesday as shares were up more than 100% at one point. At the end of the day, more than 710 million shares exchanged hands. That’s nearly double the number of AMC’s shares outstanding. The company’s 30-day average volume is just 143 million shares.</p><p><blockquote>周三，由于股价一度上涨超过100%，交易多次停牌。截至收盘，超过7.1亿股换手。这几乎是AMC已发行股票数量的两倍。该公司30天平均成交量仅为1.43亿股。</blockquote></p><p>Retail investors — many active on Reddit’s WallStreetBets forum — led the AMC rally, and AMC executives have taken note. On Wednesday, the company announced a&nbsp;new portal to connect with individual investors&nbsp;and offered free popcorn, exclusive screenings and other perks to those who hold its stock.</p><p><blockquote>散户投资者（其中许多人活跃在Reddit的WallStreetBets论坛上）引领了AMC的涨势，AMC高管也注意到了这一点。周三，该公司宣布推出一个与个人投资者联系的新门户网站，并向持有其股票的人提供免费爆米花、独家放映和其他福利。</blockquote></p><p>JPMorgan noted that in the last week, retail order flow into AMC jumped to $583 million, 6.9 standard deviations above the average level of the last one year. According to their quantitative strategy, this kind of imbalance can lead to more outperformance by the stock in coming weeks.</p><p><blockquote>摩根大通指出，上周流入AMC的零售订单跃升至5.83亿美元，比过去一年的平均水平高出6.9个标准差。根据他们的量化策略，这种不平衡可能会导致该股在未来几周内表现更加优异。</blockquote></p><p>AMC shares are up 2850% so far this year, bringing its market capitalization to more than $31 billion. That makes it worth more than stocks like Delta Air Lines, State Street and Best Buy.</p><p><blockquote>今年迄今为止，AMC股价已上涨2850%，市值超过310亿美元。这使得它的价值超过了达美航空、道富银行和百思买等股票。</blockquote></p><p>Wednesday’s wild trading activity comes even after an investment firm reportedly sold off its stake in the company. On Tuesday, AMC revealed it&nbsp;sold 8.5 million newly issued shares to Mudrick Capital, the latest in a series of capital raises for the stock. The hedge fund later&nbsp;sold all of its AMC stock for a profitthat same day, according to&nbsp;Bloomberg News.</p><p><blockquote>据报道，一家投资公司出售了其在该公司的股份，周三的疯狂交易活动仍在继续。周二，AMC透露向Mudrick Capital出售了850万股新发行的股票，这是该股一系列融资中的最新一次。据彭博社报道，该对冲基金后来在同一天出售了其所有AMC股票以获取利润。</blockquote></p><p>Most Wall Street analysts believe AMC shares will plummet eventually. The average 12-month target price of analysts is $5.11, according to FactSet.</p><p><blockquote>大多数华尔街分析师认为AMC股价最终将暴跌。FactSet的数据显示，分析师的平均12个月目标价为5.11美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2140542610","content_text":"AMC tumbles 10% after new stock sale announcement, wipes out 20% premarket rally.AMC Entertainment shares erased a 20% rally and plunged double digits in premarket trading on Thursday following a stock sale announcement.The meme stock last traded down 10% after soaring more than 20% earlier Thursday before markets opened.AMC said in a regulatory filing that it may offer and sell from time to time up to an aggregate of 11.55 million shares of its Class A common stock.The move comes after AMC soared 95% in the regular trading session Wednesday to close at an all-time high of $62.55. Its previous closing record of $35.86 was reached in 2015, according to FactSet data.AMC’s stock spiked as it hit an intraday high of $72.62, well above its previous intraday record of $36.72.In a similar occurrence seen in January with the meme stocks like GameStop, defiant short-sellers have increased their bets against AMC shares over the last month, possibly fueling the move higher. About 18% of the AMC shares available for trading are still sold short through Wednesday, according to S3 Partners.On Wednesday, short-sellers lost $2.8 billion as the stock surged, according to S3. That brings their year-to-date losses to more than $5 billion, according to S3.Short sellers like hedge funds borrow the stock from an investment bank and sell it in the hopes of buying it back at a lower price and returning the shares, pocketing the difference. However, when a stock surges higher, a so-called short squeeze can occur where investors are forced to buy back the stock to cut their losses.Trading was halted several times Wednesday as shares were up more than 100% at one point. At the end of the day, more than 710 million shares exchanged hands. That’s nearly double the number of AMC’s shares outstanding. The company’s 30-day average volume is just 143 million shares.Retail investors — many active on Reddit’s WallStreetBets forum — led the AMC rally, and AMC executives have taken note. On Wednesday, the company announced a new portal to connect with individual investors and offered free popcorn, exclusive screenings and other perks to those who hold its stock.JPMorgan noted that in the last week, retail order flow into AMC jumped to $583 million, 6.9 standard deviations above the average level of the last one year. According to their quantitative strategy, this kind of imbalance can lead to more outperformance by the stock in coming weeks.AMC shares are up 2850% so far this year, bringing its market capitalization to more than $31 billion. That makes it worth more than stocks like Delta Air Lines, State Street and Best Buy.Wednesday’s wild trading activity comes even after an investment firm reportedly sold off its stake in the company. On Tuesday, AMC revealed it sold 8.5 million newly issued shares to Mudrick Capital, the latest in a series of capital raises for the stock. The hedge fund later sold all of its AMC stock for a profitthat same day, according to Bloomberg News.Most Wall Street analysts believe AMC shares will plummet eventually. The average 12-month target price of analysts is $5.11, according to FactSet.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":653,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":134056821,"gmtCreate":1622194674163,"gmtModify":1631890096853,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580887198114940","idStr":"3580887198114940"},"themes":[],"htmlText":"Steadily growing and growing&nbsp;","listText":"Steadily growing and growing&nbsp;","text":"Steadily growing and growing","images":[{"img":"https://static.tigerbbs.com/0e96f8c6d76706fad02060cafbf08a4b","width":"1125","height":"2935"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/134056821","isVote":1,"tweetType":1,"viewCount":918,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":134053144,"gmtCreate":1622194476288,"gmtModify":1631890096868,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580887198114940","idStr":"3580887198114940"},"themes":[],"htmlText":"Hit and run for a quick gain.&nbsp;","listText":"Hit and run for a quick gain.&nbsp;","text":"Hit and run for a quick gain.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/134053144","repostId":"2138171734","repostType":4,"isVote":1,"tweetType":1,"viewCount":756,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":134050653,"gmtCreate":1622194386572,"gmtModify":1631890096872,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580887198114940","idStr":"3580887198114940"},"themes":[],"htmlText":"Watch closely the overall market but also watch the fundamentals of their earnings","listText":"Watch closely the overall market but also watch the fundamentals of their earnings","text":"Watch closely the overall market but also watch the fundamentals of their earnings","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/134050653","repostId":"1128925476","repostType":4,"repost":{"id":"1128925476","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":1622191493,"share":"https://www.laohu8.com/m/news/1128925476?lang=zh_CN&edition=full","pubTime":"2021-05-28 16:44","market":"hk","language":"en","title":"Meituan reports second consecutive quarterly loss<blockquote>美团-W报告连续第二个季度亏损</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1128925476","media":"Tiger Newspress","summary":"Chinese food delivery giant Meituan reported a second consecutive quarterly loss on Friday, weighed ","content":"<p>Chinese food delivery giant Meituan reported a second consecutive quarterly loss on Friday, weighed down by its expansion into the community group-buying business that relies heavily on subsidies.</p><p><blockquote>中国外卖巨头美团-W周五公布连续第二个季度亏损，受其向严重依赖补贴的社区团购业务扩张拖累。</blockquote></p><p>It reported a loss of 4.85 billion yuan ($762.4 million) in the period versus a 1.58 billion yuan loss a year earlier, when its business was hit by nationwide coronavirus curbs.</p><p><blockquote>该公司报告期内亏损48.5亿元人民币（7.624亿美元），而去年同期亏损15.8亿元人民币，当时其业务受到全国范围内冠状病毒限制措施的打击。</blockquote></p><p><b>Company Financial Highlights</b></p><p><blockquote><b>公司财务摘要</b></blockquote></p><p>Thanks to the PRC government’s effective measures to contain the COVID-19 pandemic in&nbsp;China, company businesses experienced strong recovery during the first quarter of 2021.</p><p><blockquote>由于中国政府采取有效措施遏制中国的COVID-19疫情，公司业务于2021年第一季度经历了强劲复苏。</blockquote></p><p>Total revenues&nbsp;increased by 120.9% in the first quarter of 2021 to RMB37.0 billion from RMB16.8 billion for&nbsp;the same period of 2020. Company food delivery and in-store, hotel &amp; travel segments posted stellar&nbsp;growth, realizing an aggregate operating profit by segment of RMB3.9 billion in the first quarter&nbsp;of 2021, an increase from RMB0.6 billion for the same period of 2020.</p><p><blockquote>总收入由2020年同期的人民币168亿元增加120.9%至2021年第一季度的人民币370亿元。公司外卖及到店、酒店及旅游板块增长强劲，2021年第一季度实现分部营业利润总额人民币39亿元，高于2020年同期的人民币6亿元。</blockquote></p><p>Operating loss for the&nbsp;new initiatives and others segment expanded as company&nbsp;accelerated our investment effort to provide&nbsp;services with more breadth. Both adjusted EBITDA and adjusted net loss for the first quarter of&nbsp;2021 decreased year-over-year to negative RMB2.4 billion and RMB3.9 billion, respectively. net cash flows used in operating activities decreased to RMB4.4 billion in the first quarter of 2021&nbsp;from RMB5.0 billion for the same period of 2020. Company had cash and cash equivalents of RMB17.8&nbsp;billion and short-term treasury investments of RMB35.3 billion as of March 31, 2021, compared to&nbsp;the balances of RMB17.1 billion and RMB44.0 billion as of December 31, 2020, respectively.</p><p><blockquote>随着公司加快投资力度以提供更广泛的服务，新计划和其他部门的运营亏损扩大。2021年第一季度调整后EBITDA和调整后净亏损同比分别下降至负人民币24亿元和人民币39亿元。经营活动所用现金流量净额由2020年同期的人民币50亿元减少至2021年第一季度的人民币44亿元。截至2021年3月31日，公司的现金及现金等价物为人民币178亿元，短期资金投资为人民币353亿元，而截至2020年12月31日的余额分别为人民币171亿元和人民币440亿元。</blockquote></p><p><img src=\"https://static.tigerbbs.com/a693a54147796382f71c467e44d2dbc5\" tg-width=\"606\" tg-height=\"690\" referrerpolicy=\"no-referrer\"><b>New initiatives and others </b></p><p><blockquote><b>新举措及其他</b></blockquote></p><p>During the first quarter of 2021, Meituan ramped up our investments in new initiatives. Retail, especially the community e-commerce business, continued to be our largest investment area. For the first quarter of 2021, revenues from the new initiatives and others segment increased by 136.5% year over year to RMB9.9 billion, primarily driven by the growth in retail businesses, B2B food distribution services, and ride-sharing services. Operating loss for the segment increased both year over year and quarter over quarter to negative RMB8.0 billion in the first quarter of 2021, while operating margin decreased to negative 81.6%.</p><p><blockquote>2021年第一季度，美团-W加大了对新举措的投资。零售，尤其是社区电商业务，继续成为我们最大的投资领域。2021年第一季度，新计划及其他分部的收入同比增长136.5%至人民币99亿元，主要受零售业务、B2B食品配送服务和拼车服务增长的推动。2021年第一季度，该部门的经营亏损同比和环比均增加至负人民币80亿元，而营业利润率则下降至负81.6%。</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>Meituan reports second consecutive quarterly loss<blockquote>美团-W报告连续第二个季度亏损</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\">\nMeituan reports second consecutive quarterly loss<blockquote>美团-W报告连续第二个季度亏损</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\">2021-05-28 16:44</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Chinese food delivery giant Meituan reported a second consecutive quarterly loss on Friday, weighed down by its expansion into the community group-buying business that relies heavily on subsidies.</p><p><blockquote>中国外卖巨头美团-W周五公布连续第二个季度亏损，受其向严重依赖补贴的社区团购业务扩张拖累。</blockquote></p><p>It reported a loss of 4.85 billion yuan ($762.4 million) in the period versus a 1.58 billion yuan loss a year earlier, when its business was hit by nationwide coronavirus curbs.</p><p><blockquote>该公司报告期内亏损48.5亿元人民币（7.624亿美元），而去年同期亏损15.8亿元人民币，当时其业务受到全国范围内冠状病毒限制措施的打击。</blockquote></p><p><b>Company Financial Highlights</b></p><p><blockquote><b>公司财务摘要</b></blockquote></p><p>Thanks to the PRC government’s effective measures to contain the COVID-19 pandemic in&nbsp;China, company businesses experienced strong recovery during the first quarter of 2021.</p><p><blockquote>由于中国政府采取有效措施遏制中国的COVID-19疫情，公司业务于2021年第一季度经历了强劲复苏。</blockquote></p><p>Total revenues&nbsp;increased by 120.9% in the first quarter of 2021 to RMB37.0 billion from RMB16.8 billion for&nbsp;the same period of 2020. Company food delivery and in-store, hotel &amp; travel segments posted stellar&nbsp;growth, realizing an aggregate operating profit by segment of RMB3.9 billion in the first quarter&nbsp;of 2021, an increase from RMB0.6 billion for the same period of 2020.</p><p><blockquote>总收入由2020年同期的人民币168亿元增加120.9%至2021年第一季度的人民币370亿元。公司外卖及到店、酒店及旅游板块增长强劲，2021年第一季度实现分部营业利润总额人民币39亿元，高于2020年同期的人民币6亿元。</blockquote></p><p>Operating loss for the&nbsp;new initiatives and others segment expanded as company&nbsp;accelerated our investment effort to provide&nbsp;services with more breadth. Both adjusted EBITDA and adjusted net loss for the first quarter of&nbsp;2021 decreased year-over-year to negative RMB2.4 billion and RMB3.9 billion, respectively. net cash flows used in operating activities decreased to RMB4.4 billion in the first quarter of 2021&nbsp;from RMB5.0 billion for the same period of 2020. Company had cash and cash equivalents of RMB17.8&nbsp;billion and short-term treasury investments of RMB35.3 billion as of March 31, 2021, compared to&nbsp;the balances of RMB17.1 billion and RMB44.0 billion as of December 31, 2020, respectively.</p><p><blockquote>随着公司加快投资力度以提供更广泛的服务，新计划和其他部门的运营亏损扩大。2021年第一季度调整后EBITDA和调整后净亏损同比分别下降至负人民币24亿元和人民币39亿元。经营活动所用现金流量净额由2020年同期的人民币50亿元减少至2021年第一季度的人民币44亿元。截至2021年3月31日，公司的现金及现金等价物为人民币178亿元，短期资金投资为人民币353亿元，而截至2020年12月31日的余额分别为人民币171亿元和人民币440亿元。</blockquote></p><p><img src=\"https://static.tigerbbs.com/a693a54147796382f71c467e44d2dbc5\" tg-width=\"606\" tg-height=\"690\" referrerpolicy=\"no-referrer\"><b>New initiatives and others </b></p><p><blockquote><b>新举措及其他</b></blockquote></p><p>During the first quarter of 2021, Meituan ramped up our investments in new initiatives. Retail, especially the community e-commerce business, continued to be our largest investment area. For the first quarter of 2021, revenues from the new initiatives and others segment increased by 136.5% year over year to RMB9.9 billion, primarily driven by the growth in retail businesses, B2B food distribution services, and ride-sharing services. Operating loss for the segment increased both year over year and quarter over quarter to negative RMB8.0 billion in the first quarter of 2021, while operating margin decreased to negative 81.6%.</p><p><blockquote>2021年第一季度，美团-W加大了对新举措的投资。零售，尤其是社区电商业务，继续成为我们最大的投资领域。2021年第一季度，新计划及其他分部的收入同比增长136.5%至人民币99亿元，主要受零售业务、B2B食品配送服务和拼车服务增长的推动。2021年第一季度，该部门的经营亏损同比和环比均增加至负人民币80亿元，而营业利润率则下降至负81.6%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03690":"美团-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128925476","content_text":"Chinese food delivery giant Meituan reported a second consecutive quarterly loss on Friday, weighed down by its expansion into the community group-buying business that relies heavily on subsidies.It reported a loss of 4.85 billion yuan ($762.4 million) in the period versus a 1.58 billion yuan loss a year earlier, when its business was hit by nationwide coronavirus curbs.Company Financial HighlightsThanks to the PRC government’s effective measures to contain the COVID-19 pandemic in China, company businesses experienced strong recovery during the first quarter of 2021.Total revenues increased by 120.9% in the first quarter of 2021 to RMB37.0 billion from RMB16.8 billion for the same period of 2020. Company food delivery and in-store, hotel & travel segments posted stellar growth, realizing an aggregate operating profit by segment of RMB3.9 billion in the first quarter of 2021, an increase from RMB0.6 billion for the same period of 2020.Operating loss for the new initiatives and others segment expanded as company accelerated our investment effort to provide services with more breadth. Both adjusted EBITDA and adjusted net loss for the first quarter of 2021 decreased year-over-year to negative RMB2.4 billion and RMB3.9 billion, respectively. net cash flows used in operating activities decreased to RMB4.4 billion in the first quarter of 2021 from RMB5.0 billion for the same period of 2020. Company had cash and cash equivalents of RMB17.8 billion and short-term treasury investments of RMB35.3 billion as of March 31, 2021, compared to the balances of RMB17.1 billion and RMB44.0 billion as of December 31, 2020, respectively.New initiatives and others During the first quarter of 2021, Meituan ramped up our investments in new initiatives. Retail, especially the community e-commerce business, continued to be our largest investment area. For the first quarter of 2021, revenues from the new initiatives and others segment increased by 136.5% year over year to RMB9.9 billion, primarily driven by the growth in retail businesses, B2B food distribution services, and ride-sharing services. Operating loss for the segment increased both year over year and quarter over quarter to negative RMB8.0 billion in the first quarter of 2021, while operating margin decreased to negative 81.6%.","news_type":1,"symbols_score_info":{"03690":0.9}},"isVote":1,"tweetType":1,"viewCount":761,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132753849,"gmtCreate":1622117896981,"gmtModify":1631890096887,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580887198114940","idStr":"3580887198114940"},"themes":[],"htmlText":"Watching interest rates closely.&nbsp;","listText":"Watching interest rates closely.&nbsp;","text":"Watching interest rates closely.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/132753849","repostId":"1188205901","repostType":4,"repost":{"id":"1188205901","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":1622117079,"share":"https://www.laohu8.com/m/news/1188205901?lang=zh_CN&edition=full","pubTime":"2021-05-27 20:04","market":"us","language":"en","title":"President Biden will propose a $6 trillion budget, documents obtained by The Times show.<blockquote>《泰晤士报》获得的文件显示，拜登总统将提出6万亿美元的预算。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1188205901","media":"Tiger Newspress","summary":"President Joe Biden will seek $6 trillion in U.S. federal spending for the 2022 fiscal year, rising ","content":"<p>President Joe Biden will seek $6 trillion in U.S. federal spending for the 2022 fiscal year, rising to $8.2 trillion by 2031, the New York Times reported on Thursday, a day before the White House is expected to unveil its budget proposal.</p><p><blockquote>据《纽约时报》周四报道，美国总统乔·拜登将在2022财年寻求6万亿美元的美国联邦支出，到2031年将增至8.2万亿美元，这是白宫预计将公布预算提案的前一天。</blockquote></p><p>Citing documents it had obtained, the Times said the Democratic president planned to pay for his agenda through increased taxes on corporations and high earners, and that the budget deficits would start to decrease in the 2030s.</p><p><blockquote>《纽约时报》援引其获得的文件称，这位民主党总统计划通过增加对企业和高收入者的税收来支付他的议程，预算赤字将在2030年代开始减少。</blockquote></p><p>On Friday, Biden is set to release his first full budget since taking office in January as he seeks to push his priorities of investing in infrastructure, childcare and other public works in a national rebuilding effort.</p><p><blockquote>周五，拜登将发布自1月份上任以来的第一份完整预算，他寻求在国家重建工作中推进投资基础设施、儿童保育和其他公共工程的优先事项。</blockquote></p><p>Republicans have criticized the president for seeking trillions in new spending, setting the stage for pitched battles over his priorities.</p><p><blockquote>共和党人批评总统寻求数万亿美元的新支出，为围绕他的优先事项的激战埋下了伏笔。</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>President Biden will propose a $6 trillion budget, documents obtained by The Times show.<blockquote>《泰晤士报》获得的文件显示，拜登总统将提出6万亿美元的预算。</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\">\nPresident Biden will propose a $6 trillion budget, documents obtained by The Times show.<blockquote>《泰晤士报》获得的文件显示，拜登总统将提出6万亿美元的预算。</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\">2021-05-27 20:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>President Joe Biden will seek $6 trillion in U.S. federal spending for the 2022 fiscal year, rising to $8.2 trillion by 2031, the New York Times reported on Thursday, a day before the White House is expected to unveil its budget proposal.</p><p><blockquote>据《纽约时报》周四报道，美国总统乔·拜登将在2022财年寻求6万亿美元的美国联邦支出，到2031年将增至8.2万亿美元，这是白宫预计将公布预算提案的前一天。</blockquote></p><p>Citing documents it had obtained, the Times said the Democratic president planned to pay for his agenda through increased taxes on corporations and high earners, and that the budget deficits would start to decrease in the 2030s.</p><p><blockquote>《纽约时报》援引其获得的文件称，这位民主党总统计划通过增加对企业和高收入者的税收来支付他的议程，预算赤字将在2030年代开始减少。</blockquote></p><p>On Friday, Biden is set to release his first full budget since taking office in January as he seeks to push his priorities of investing in infrastructure, childcare and other public works in a national rebuilding effort.</p><p><blockquote>周五，拜登将发布自1月份上任以来的第一份完整预算，他寻求在国家重建工作中推进投资基础设施、儿童保育和其他公共工程的优先事项。</blockquote></p><p>Republicans have criticized the president for seeking trillions in new spending, setting the stage for pitched battles over his priorities.</p><p><blockquote>共和党人批评总统寻求数万亿美元的新支出，为围绕他的优先事项的激战埋下了伏笔。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188205901","content_text":"President Joe Biden will seek $6 trillion in U.S. federal spending for the 2022 fiscal year, rising to $8.2 trillion by 2031, the New York Times reported on Thursday, a day before the White House is expected to unveil its budget proposal.Citing documents it had obtained, the Times said the Democratic president planned to pay for his agenda through increased taxes on corporations and high earners, and that the budget deficits would start to decrease in the 2030s.On Friday, Biden is set to release his first full budget since taking office in January as he seeks to push his priorities of investing in infrastructure, childcare and other public works in a national rebuilding effort.Republicans have criticized the president for seeking trillions in new spending, setting the stage for pitched battles over his priorities.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":553,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":846378048,"gmtCreate":1636064530551,"gmtModify":1636064530647,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580887198114940","authorIdStr":"3580887198114940"},"themes":[],"htmlText":"To the Moon!!","listText":"To the Moon!!","text":"To the Moon!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/846378048","repostId":"1144131531","repostType":4,"repost":{"id":"1144131531","kind":"news","pubTimestamp":1636022596,"share":"https://www.laohu8.com/m/news/1144131531?lang=zh_CN&edition=full","pubTime":"2021-11-04 18:43","market":"us","language":"en","title":"5 Large-Cap Stocks Expected to Increase Sales 313% to 1,304% by 2023<blockquote>5只大盘股预计到2023年销售额将增长313%至1,304%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1144131531","media":"Motley Fool","summary":"These were some of the fastest-growing large-cap stocks on the planet over a three-year stretch.","content":"<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>Be careful: Sales growth alone doesn't always give you the full story about a company.</li> </ul> Since the Great Recession ended in 2009, no group of companies has performed better than&nbsp;growth stocks. Historically low lending rates and the Federal Reserve's insistence on using quantitative-easing measures to keep rates low has led to abundant access to cheap capital.</p><p><blockquote><ul><li>小心：仅靠销售增长并不总是能让您了解一家公司的全部情况。</li></ul>自2009年大衰退结束以来，没有哪一组公司的表现比成长型股票更好。历史上较低的贷款利率和美联储坚持使用量化宽松措施来保持低利率，导致廉价资本的充足渠道。</blockquote></p><p> And it's not just small-cap stocks that are leaving a fiery trail of growth in their wake. According to consensus sales estimates from Wall Street, the following five&nbsp;large-cap stocks(companies with market caps of at least $10 billion) are all on pace to grow their annual sales by 313% to as much as 1,304% by 2023.</p><p><blockquote>不仅仅是小盘股留下了火热的增长轨迹。根据华尔街的一致销售额估计，以下五只大盘股（市值至少为100亿美元的公司）的年销售额都有望在2023年增长313%，达到1,304%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ddae655c5dfcf584e1db5b561b7b2051\" tg-width=\"2000\" tg-height=\"1529\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Nio: 447% implied sales growth by 2023</b></p><p><blockquote><b>蔚来：到2023年隐含销售额增长447%</b></blockquote></p><p> Electric-vehicle(EV) manufacturers should be some of the fastest-growing companies of the decade, and&nbsp;<b>Nio</b>(NYSE:NIO)&nbsp;is no exception. After the company produced $2.58 billion in sales last year, Wall Street's forecast calls for Nio to drive home roughly $14.1 billion in annual sales by 2023.</p><p><blockquote>电动汽车(EV)制造商应该是十年来增长最快的公司之一，并且<b>蔚来</b>（纽约证券交易所代码：蔚来）也不例外。继该公司去年实现25.8亿美元的销售额后，华尔街预测蔚来的评级到2023年将实现约141亿美元的年销售额。</blockquote></p><p> It's no secret that virtually all of the largest economies in the world are taking steps to fight climate change. Pushing consumers and enterprises to shift to EVs is one of the easiest ways to reduce carbon emissions. Nio is headquartered in the largest auto market in the world, China, which should see half of its annual vehicle sales be EVs or hybrids (mostly the former) by 2035, according to the Society of Automotive Engineers of China.</p><p><blockquote>众所周知，世界上几乎所有最大的经济体都在采取措施应对气候变化。推动消费者和企业转向电动汽车是减少碳排放最简单的方法之一。蔚来总部位于全球最大的汽车市场中国，根据中国汽车工程学会的数据，到2035年，中国年汽车销量的一半将是电动汽车或混合动力汽车（主要是前者）。</blockquote></p><p> Nio's rapid sales growth&nbsp;is being driven by its innovation. The company is introducing a new EV each year -- and its high-margin, loyalty-driven subscription program. Last year, it introduced a battery-as-a-service subscription program that'll allow buyers to upgrade or replace their batteries. This service also reduces the upfront cost of Nio's EVs.</p><p><blockquote>蔚来的快速销售增长是由其创新推动的。该公司每年都会推出一款新的电动汽车及其高利润、忠诚度驱动的订阅计划。去年，它推出了电池即服务订阅计划，允许买家升级或更换电池。这项服务还降低了蔚来电动汽车的前期成本。</blockquote></p><p> In exchange for giving up near-term sales, Nio is receiving high-margin monthly subscription revenue. More importantly, it's keeping buyers loyal to the brand.</p><p><blockquote>作为放弃近期销售的交换，蔚来正在获得高利润的月度订阅收入。更重要的是，它让买家对品牌保持忠诚。</blockquote></p><p> Assuming the auto industry can overcome recent chip shortages, Nio shouldn't have any trouble expanding its capacity and more than quintupling its sales in three years.</p><p><blockquote>假设汽车行业能够克服最近的芯片短缺问题，蔚来扩大产能并在三年内将销量增加五倍以上应该没有任何问题。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6a0952a9abfc3d69f1c7af0861a2d97b\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Snowflake: 401% implied sales growth by 2023</b></p><p><blockquote><b>Snowflake：到2023年隐含销售额增长401%</b></blockquote></p><p> Although double-digit sales growth is commonplace among cloud stocks, cloud data-warehousing company&nbsp;<b>Snowflake</b>(NYSE:SNOW)&nbsp;seems to be in a league of its own. In fiscal 2021, Snowflake brought in about $592 million in sales. By fiscal 2024, which ends in calendar year 2023, Wall Street is looking for Snowflake to generate almost $2.97 billion in revenue. That's a quintupling in sales, for those of you keeping score at home.</p><p><blockquote>尽管两位数的销售额增长在云股中司空见惯，但云数据仓储公司<b>雪花</b>（纽约证券交易所股票代码：SNOW）似乎独树一帜。2021财年，Snowflake的销售额约为5.92亿美元。到2023日历年结束的2024财年，华尔街预计Snowflake将产生近29.7亿美元的收入。对于那些在家记分的人来说，销售额增长了五倍。</blockquote></p><p> The Snowflake growth story&nbsp;is all about competitive advantages. For example, instead of opting for the popular subscription-based model, Snowflake charges its customers based on how much data they store and how many Snowflake Compute Credits used. This is a more transparent cost approach that its customers seem to like.</p><p><blockquote>雪花成长的故事是关于竞争优势的。例如，Snowflake没有选择流行的基于订阅的模式，而是根据客户存储的数据量和使用的Snowflake计算点数向客户收费。这是一种更透明的成本方法，其客户似乎很喜欢。</blockquote></p><p> Further, Snowflake's infrastructure is built atop the leading cloud-infrastructure service providers. This helps the company's clients work around data-sharing barriers that might otherwise exist between competing cloud platforms.</p><p><blockquote>此外，Snowflake的基础设施建立在领先的云基础设施服务提供商之上。这有助于该公司的客户解决竞争云平台之间可能存在的数据共享障碍。</blockquote></p><p> The big question is whether Snowflake can support its nosebleed valuation of 94 times projected fiscal 2022 sales, with profitability still a long way off. To that end, I'm not so sure -- but Ihave been proven wrong, thus far.</p><p><blockquote>最大的问题是，Snowflake能否支撑其2022财年预计销售额94倍的令人鼻血的估值，而盈利还有很长的路要走。为此，我不太确定——但到目前为止，我已经被证明是错的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/537b181fc66378021049916184ef4425\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Sea Limited: 322% implied sales growth by 2023</b></p><p><blockquote><b>Sea Limited：到2023年隐含销售额增长322%</b></blockquote></p><p> Another large-cap stock with big-time sales-growth expectations is Singapore-based&nbsp;<b>Sea Limited</b>(NYSE:SE). Sea reported $4.38 billion in sales last year. Come 2023, Wall Street is expecting roughly $18.5 billion in full-year revenue.</p><p><blockquote>另一只销售增长预期巨大的大盘股是新加坡<b>海有限公司</b>（纽约证券交易所代码：SE）。Sea去年的销售额为43.8亿美元。到2023年，华尔街预计全年收入约为185亿美元。</blockquote></p><p> Sea's not-so-secret key to success is its diversified trio of high-growth segments. First, there's digital entertainment, which is the only one generating positive earnings before interest, taxes, depreciation, and amortization (EBITDA). Sea ended June with 725 million quarterly active mobile gamers, 12.7% of which were paying to play. This conversion rate&nbsp;is significantly higher than the industry average.</p><p><blockquote>Sea成功的关键不是什么秘密，而是其多元化的三个高增长细分市场。首先是数字娱乐，它是唯一一个产生正息税折旧摊销前利润(EBITDA)的行业。截至6月，Sea的季度活跃移动游戏玩家为7.25亿，其中12.7%是付费游戏。这一转化率明显高于行业平均水平。</blockquote></p><p></p><p> The company's&nbsp;most exciting segment&nbsp;is e-commerce platform Shopee, which has consistently been the most-downloaded shopping app in Southeastern Asia and has seen rapid growth in Brazil. To offer some context as to how quickly Shopee is growing, the gross merchandise value (GMV) transacted in the second quarter was $15 billion. Meanwhile, only $10 billion in GMV was registered on Shopee in all of 2018.</p><p><blockquote>该公司最令人兴奋的部分是电子商务平台Shopee，该平台一直是东南亚下载量最大的购物应用程序，并在巴西快速增长。为了提供有关Shopee增长速度的一些背景信息，第二季度的商品交易总额(GMV)为150亿美元。与此同时，2018年全年Shopee上注册的GMV仅为100亿美元。</blockquote></p><p> Lastly, Sea's nascent digital-wallet services segment is growing rapidly. The company is nearing 33 million paying mobile-wallet users. With Sea focusing on numerous underbanked regions, this digital financial-services segment could be a sneaky strong growth driver for years to come.</p><p><blockquote>最后，Sea新兴的数字钱包服务部门正在快速增长。该公司拥有近3300万付费移动钱包用户。随着Sea专注于众多银行服务不足的地区，这一数字金融服务领域可能会成为未来几年的强劲增长动力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2d05a27ae059e7e27dd31e695de449b2\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>AMC Entertainment: 313% implied sales growth by 2023</b></p><p><blockquote><b>AMC院线：到2023年隐含销售额增长313%</b></blockquote></p><p> Sometimes, sales growth alone doesn't give investors the full picture. For instance,movie-theater stock&nbsp;<b>AMC Entertainment</b>(NYSE:AMC)&nbsp;is slated to grow its sales from $1.24 billion in 2020 to an estimated $5.22 billion by 2023. However, the pandemic ravaged AMC and forced many of its theaters to temporarily close. This $5.22 billion estimate for 2023 still represents a decline from the $5.47 billion in sales recorded in 2019, the year prior to the pandemic.</p><p><blockquote>有时，仅靠销售增长并不能让投资者了解全貌。例如，电影院股票<b>AMC院线</b>（纽约证券交易所股票代码：AMC）的销售额预计将从2020年的12.4亿美元增长到2023年的52.2亿美元。然而，疫情肆虐AMC，迫使其许多影院暂时关闭。2023年52.2亿美元的销售额仍较大流行前一年2019年54.7亿美元的销售额有所下降。</blockquote></p><p> Whether it's industry or company specific,nothing seems to be working in AMC's favor. The movie-theater industry has been mired in a 19-year decline, with inflation-adjusted box-office gross sales falling 22% between 2002 and 2019.</p><p><blockquote>无论是行业还是公司具体情况，似乎都没有什么对AMC有利。电影业陷入了长达19年的下滑，2002年至2019年间，经通胀调整的票房总收入下降了22%。</blockquote></p><p> Even though AMC has been able to secure some exclusivity agreements with major studios, these agreements range from 30 to 45 days. Prior to the pandemic, theatrical exclusivity extended 75 to 90 days. There's no question that AMC has lost its bargaining power to studios, or that streaming is eating into its margins.</p><p><blockquote>尽管AMC已经能够与主要工作室达成一些独家协议，但这些协议的期限从30天到45天不等。在疫情之前，影院独占期延长了75至90天。毫无疑问，AMC已经失去了对工作室的议价能力，或者流媒体正在蚕食其利润。</blockquote></p><p> As for the company, it's unlikely to be profitable any time before 2024, and&nbsp;the math simply doesn't check out&nbsp;as to how it'll eventually pay back its $5.4 billion in outstanding debt, $420 million in deferred rent, and nearly $4.9 billion in long-term lease liabilities. With weekly box-office gross sales consistently down double digits from 2019, there's little doubt AMC will continue to burn through its remaining cash.</p><p><blockquote>至于该公司，在2024年之前的任何时候都不太可能盈利，而且数学根本无法确定它最终将如何偿还54亿美元的未偿债务、4.2亿美元的递延租金和近49亿美元的长期租赁负债。由于每周票房总额较2019年持续下降两位数，毫无疑问AMC将继续耗尽剩余现金。</blockquote></p><p> Even with \"rapid sales growth,\" some companies should be avoided like the plague.</p><p><blockquote>即使“销售快速增长”，也应该像躲避瘟疫一样避开一些公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5fc13611f3bbe728494e0ef9d530643\" tg-width=\"2000\" tg-height=\"1334\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Moderna: 1,304% implied sales growth by 2023</b></p><p><blockquote><b>Moderna：到2023年隐含销售额增长1,304%</b></blockquote></p><p> The kingpin of sales growth on this list among large-cap companies is&nbsp;biotech-stock&nbsp;<b>Moderna</b>(NASDAQ:MRNA). In 2020, Moderna posted a little over $803 million in sales. By 2023, analysts expect this hot biotech stock to yield $11.28 billion in revenue. That's a better than 1,300% expected sales increase.</p><p><blockquote>这份大盘股公司中销售额增长的主力是生物科技股<b>现代</b>（纳斯达克：MRNA）。2020年，Moderna的销售额略高于8.03亿美元。到2023年，分析师预计这只热门生物科技股将产生112.8亿美元的收入。这比预期的1,300%的销售额增长要好。</blockquote></p><p> Chances are you're familiar with the Moderna name because of its success on the coronavirus disease 2019 (COVID-19) vaccine front. The company's vaccine, mRNA-1273, demonstrated 94% vaccine efficacy in a U.S. clinical trial released last November and has played a key role in inoculating adults in numerous developed markets.</p><p><blockquote>您可能对Moderna这个名字很熟悉，因为它在冠状病毒疾病2019（COVID-19）疫苗方面取得了成功。该公司的疫苗mRNA-1273在去年11月发布的美国临床试验中证明了94%的疫苗效力，并在众多发达市场的成人接种中发挥了关键作用。</blockquote></p><p> The&nbsp;big unknown for Moderna&nbsp;is what sort of legs mRNA-1273 will exhibit beyond 2021-2022. On one hand, variants of COVID-19 and the deterioration of vaccine efficacy over time suggests that booster shots may become a routine moving forward. This would offer Moderna a recurring revenue stream that it's never had before.</p><p><blockquote>Moderna最大的未知数是mRNA-1273在2021-2022年之后将展示什么样的腿。一方面，新冠肺炎的变种和疫苗效力随着时间的推移而恶化表明，加强注射可能会成为未来的常规。这将为Moderna提供前所未有的经常性收入来源。</blockquote></p><p> On the other hand, new vaccines are set to enter the space, and innovation could threaten Moderna's grip as a top-two COVID-19 player. For example, if competitors bring combination vaccines to market (e.g., COVID-19/influenza), it could make mRNA-1273 a less-tantalizing option.</p><p><blockquote>另一方面，新疫苗即将进入该领域，创新可能会威胁到Moderna作为COVID-19前两名参与者的地位。例如，如果竞争对手将联合疫苗推向市场（如新冠肺炎/流感），可能会使mRNA-1273成为一个不太诱人的选择。</blockquote></p><p> Considering that Moderna's $141 billion market cap is based on a single therapeutic, there's a lot of risk built into this stock.</p><p><blockquote>考虑到Moderna 1410亿美元的市值是基于单一治疗药物，该股票存在很大风险。</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>5 Large-Cap Stocks Expected to Increase Sales 313% to 1,304% by 2023<blockquote>5只大盘股预计到2023年销售额将增长313%至1,304%</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\">\n5 Large-Cap Stocks Expected to Increase Sales 313% to 1,304% by 2023<blockquote>5只大盘股预计到2023年销售额将增长313%至1,304%</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\">2021-11-04 18:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>Be careful: Sales growth alone doesn't always give you the full story about a company.</li> </ul> Since the Great Recession ended in 2009, no group of companies has performed better than&nbsp;growth stocks. Historically low lending rates and the Federal Reserve's insistence on using quantitative-easing measures to keep rates low has led to abundant access to cheap capital.</p><p><blockquote><ul><li>小心：仅靠销售增长并不总是能让您了解一家公司的全部情况。</li></ul>自2009年大衰退结束以来，没有哪一组公司的表现比成长型股票更好。历史上较低的贷款利率和美联储坚持使用量化宽松措施来保持低利率，导致廉价资本的充足渠道。</blockquote></p><p> And it's not just small-cap stocks that are leaving a fiery trail of growth in their wake. According to consensus sales estimates from Wall Street, the following five&nbsp;large-cap stocks(companies with market caps of at least $10 billion) are all on pace to grow their annual sales by 313% to as much as 1,304% by 2023.</p><p><blockquote>不仅仅是小盘股留下了火热的增长轨迹。根据华尔街的一致销售额估计，以下五只大盘股（市值至少为100亿美元的公司）的年销售额都有望在2023年增长313%，达到1,304%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ddae655c5dfcf584e1db5b561b7b2051\" tg-width=\"2000\" tg-height=\"1529\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Nio: 447% implied sales growth by 2023</b></p><p><blockquote><b>蔚来：到2023年隐含销售额增长447%</b></blockquote></p><p> Electric-vehicle(EV) manufacturers should be some of the fastest-growing companies of the decade, and&nbsp;<b>Nio</b>(NYSE:NIO)&nbsp;is no exception. After the company produced $2.58 billion in sales last year, Wall Street's forecast calls for Nio to drive home roughly $14.1 billion in annual sales by 2023.</p><p><blockquote>电动汽车(EV)制造商应该是十年来增长最快的公司之一，并且<b>蔚来</b>（纽约证券交易所代码：蔚来）也不例外。继该公司去年实现25.8亿美元的销售额后，华尔街预测蔚来的评级到2023年将实现约141亿美元的年销售额。</blockquote></p><p> It's no secret that virtually all of the largest economies in the world are taking steps to fight climate change. Pushing consumers and enterprises to shift to EVs is one of the easiest ways to reduce carbon emissions. Nio is headquartered in the largest auto market in the world, China, which should see half of its annual vehicle sales be EVs or hybrids (mostly the former) by 2035, according to the Society of Automotive Engineers of China.</p><p><blockquote>众所周知，世界上几乎所有最大的经济体都在采取措施应对气候变化。推动消费者和企业转向电动汽车是减少碳排放最简单的方法之一。蔚来总部位于全球最大的汽车市场中国，根据中国汽车工程学会的数据，到2035年，中国年汽车销量的一半将是电动汽车或混合动力汽车（主要是前者）。</blockquote></p><p> Nio's rapid sales growth&nbsp;is being driven by its innovation. The company is introducing a new EV each year -- and its high-margin, loyalty-driven subscription program. Last year, it introduced a battery-as-a-service subscription program that'll allow buyers to upgrade or replace their batteries. This service also reduces the upfront cost of Nio's EVs.</p><p><blockquote>蔚来的快速销售增长是由其创新推动的。该公司每年都会推出一款新的电动汽车及其高利润、忠诚度驱动的订阅计划。去年，它推出了电池即服务订阅计划，允许买家升级或更换电池。这项服务还降低了蔚来电动汽车的前期成本。</blockquote></p><p> In exchange for giving up near-term sales, Nio is receiving high-margin monthly subscription revenue. More importantly, it's keeping buyers loyal to the brand.</p><p><blockquote>作为放弃近期销售的交换，蔚来正在获得高利润的月度订阅收入。更重要的是，它让买家对品牌保持忠诚。</blockquote></p><p> Assuming the auto industry can overcome recent chip shortages, Nio shouldn't have any trouble expanding its capacity and more than quintupling its sales in three years.</p><p><blockquote>假设汽车行业能够克服最近的芯片短缺问题，蔚来扩大产能并在三年内将销量增加五倍以上应该没有任何问题。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6a0952a9abfc3d69f1c7af0861a2d97b\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Snowflake: 401% implied sales growth by 2023</b></p><p><blockquote><b>Snowflake：到2023年隐含销售额增长401%</b></blockquote></p><p> Although double-digit sales growth is commonplace among cloud stocks, cloud data-warehousing company&nbsp;<b>Snowflake</b>(NYSE:SNOW)&nbsp;seems to be in a league of its own. In fiscal 2021, Snowflake brought in about $592 million in sales. By fiscal 2024, which ends in calendar year 2023, Wall Street is looking for Snowflake to generate almost $2.97 billion in revenue. That's a quintupling in sales, for those of you keeping score at home.</p><p><blockquote>尽管两位数的销售额增长在云股中司空见惯，但云数据仓储公司<b>雪花</b>（纽约证券交易所股票代码：SNOW）似乎独树一帜。2021财年，Snowflake的销售额约为5.92亿美元。到2023日历年结束的2024财年，华尔街预计Snowflake将产生近29.7亿美元的收入。对于那些在家记分的人来说，销售额增长了五倍。</blockquote></p><p> The Snowflake growth story&nbsp;is all about competitive advantages. For example, instead of opting for the popular subscription-based model, Snowflake charges its customers based on how much data they store and how many Snowflake Compute Credits used. This is a more transparent cost approach that its customers seem to like.</p><p><blockquote>雪花成长的故事是关于竞争优势的。例如，Snowflake没有选择流行的基于订阅的模式，而是根据客户存储的数据量和使用的Snowflake计算点数向客户收费。这是一种更透明的成本方法，其客户似乎很喜欢。</blockquote></p><p> Further, Snowflake's infrastructure is built atop the leading cloud-infrastructure service providers. This helps the company's clients work around data-sharing barriers that might otherwise exist between competing cloud platforms.</p><p><blockquote>此外，Snowflake的基础设施建立在领先的云基础设施服务提供商之上。这有助于该公司的客户解决竞争云平台之间可能存在的数据共享障碍。</blockquote></p><p> The big question is whether Snowflake can support its nosebleed valuation of 94 times projected fiscal 2022 sales, with profitability still a long way off. To that end, I'm not so sure -- but Ihave been proven wrong, thus far.</p><p><blockquote>最大的问题是，Snowflake能否支撑其2022财年预计销售额94倍的令人鼻血的估值，而盈利还有很长的路要走。为此，我不太确定——但到目前为止，我已经被证明是错的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/537b181fc66378021049916184ef4425\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Sea Limited: 322% implied sales growth by 2023</b></p><p><blockquote><b>Sea Limited：到2023年隐含销售额增长322%</b></blockquote></p><p> Another large-cap stock with big-time sales-growth expectations is Singapore-based&nbsp;<b>Sea Limited</b>(NYSE:SE). Sea reported $4.38 billion in sales last year. Come 2023, Wall Street is expecting roughly $18.5 billion in full-year revenue.</p><p><blockquote>另一只销售增长预期巨大的大盘股是新加坡<b>海有限公司</b>（纽约证券交易所代码：SE）。Sea去年的销售额为43.8亿美元。到2023年，华尔街预计全年收入约为185亿美元。</blockquote></p><p> Sea's not-so-secret key to success is its diversified trio of high-growth segments. First, there's digital entertainment, which is the only one generating positive earnings before interest, taxes, depreciation, and amortization (EBITDA). Sea ended June with 725 million quarterly active mobile gamers, 12.7% of which were paying to play. This conversion rate&nbsp;is significantly higher than the industry average.</p><p><blockquote>Sea成功的关键不是什么秘密，而是其多元化的三个高增长细分市场。首先是数字娱乐，它是唯一一个产生正息税折旧摊销前利润(EBITDA)的行业。截至6月，Sea的季度活跃移动游戏玩家为7.25亿，其中12.7%是付费游戏。这一转化率明显高于行业平均水平。</blockquote></p><p></p><p> The company's&nbsp;most exciting segment&nbsp;is e-commerce platform Shopee, which has consistently been the most-downloaded shopping app in Southeastern Asia and has seen rapid growth in Brazil. To offer some context as to how quickly Shopee is growing, the gross merchandise value (GMV) transacted in the second quarter was $15 billion. Meanwhile, only $10 billion in GMV was registered on Shopee in all of 2018.</p><p><blockquote>该公司最令人兴奋的部分是电子商务平台Shopee，该平台一直是东南亚下载量最大的购物应用程序，并在巴西快速增长。为了提供有关Shopee增长速度的一些背景信息，第二季度的商品交易总额(GMV)为150亿美元。与此同时，2018年全年Shopee上注册的GMV仅为100亿美元。</blockquote></p><p> Lastly, Sea's nascent digital-wallet services segment is growing rapidly. The company is nearing 33 million paying mobile-wallet users. With Sea focusing on numerous underbanked regions, this digital financial-services segment could be a sneaky strong growth driver for years to come.</p><p><blockquote>最后，Sea新兴的数字钱包服务部门正在快速增长。该公司拥有近3300万付费移动钱包用户。随着Sea专注于众多银行服务不足的地区，这一数字金融服务领域可能会成为未来几年的强劲增长动力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2d05a27ae059e7e27dd31e695de449b2\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>AMC Entertainment: 313% implied sales growth by 2023</b></p><p><blockquote><b>AMC院线：到2023年隐含销售额增长313%</b></blockquote></p><p> Sometimes, sales growth alone doesn't give investors the full picture. For instance,movie-theater stock&nbsp;<b>AMC Entertainment</b>(NYSE:AMC)&nbsp;is slated to grow its sales from $1.24 billion in 2020 to an estimated $5.22 billion by 2023. However, the pandemic ravaged AMC and forced many of its theaters to temporarily close. This $5.22 billion estimate for 2023 still represents a decline from the $5.47 billion in sales recorded in 2019, the year prior to the pandemic.</p><p><blockquote>有时，仅靠销售增长并不能让投资者了解全貌。例如，电影院股票<b>AMC院线</b>（纽约证券交易所股票代码：AMC）的销售额预计将从2020年的12.4亿美元增长到2023年的52.2亿美元。然而，疫情肆虐AMC，迫使其许多影院暂时关闭。2023年52.2亿美元的销售额仍较大流行前一年2019年54.7亿美元的销售额有所下降。</blockquote></p><p> Whether it's industry or company specific,nothing seems to be working in AMC's favor. The movie-theater industry has been mired in a 19-year decline, with inflation-adjusted box-office gross sales falling 22% between 2002 and 2019.</p><p><blockquote>无论是行业还是公司具体情况，似乎都没有什么对AMC有利。电影业陷入了长达19年的下滑，2002年至2019年间，经通胀调整的票房总收入下降了22%。</blockquote></p><p> Even though AMC has been able to secure some exclusivity agreements with major studios, these agreements range from 30 to 45 days. Prior to the pandemic, theatrical exclusivity extended 75 to 90 days. There's no question that AMC has lost its bargaining power to studios, or that streaming is eating into its margins.</p><p><blockquote>尽管AMC已经能够与主要工作室达成一些独家协议，但这些协议的期限从30天到45天不等。在疫情之前，影院独占期延长了75至90天。毫无疑问，AMC已经失去了对工作室的议价能力，或者流媒体正在蚕食其利润。</blockquote></p><p> As for the company, it's unlikely to be profitable any time before 2024, and&nbsp;the math simply doesn't check out&nbsp;as to how it'll eventually pay back its $5.4 billion in outstanding debt, $420 million in deferred rent, and nearly $4.9 billion in long-term lease liabilities. With weekly box-office gross sales consistently down double digits from 2019, there's little doubt AMC will continue to burn through its remaining cash.</p><p><blockquote>至于该公司，在2024年之前的任何时候都不太可能盈利，而且数学根本无法确定它最终将如何偿还54亿美元的未偿债务、4.2亿美元的递延租金和近49亿美元的长期租赁负债。由于每周票房总额较2019年持续下降两位数，毫无疑问AMC将继续耗尽剩余现金。</blockquote></p><p> Even with \"rapid sales growth,\" some companies should be avoided like the plague.</p><p><blockquote>即使“销售快速增长”，也应该像躲避瘟疫一样避开一些公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5fc13611f3bbe728494e0ef9d530643\" tg-width=\"2000\" tg-height=\"1334\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Moderna: 1,304% implied sales growth by 2023</b></p><p><blockquote><b>Moderna：到2023年隐含销售额增长1,304%</b></blockquote></p><p> The kingpin of sales growth on this list among large-cap companies is&nbsp;biotech-stock&nbsp;<b>Moderna</b>(NASDAQ:MRNA). In 2020, Moderna posted a little over $803 million in sales. By 2023, analysts expect this hot biotech stock to yield $11.28 billion in revenue. That's a better than 1,300% expected sales increase.</p><p><blockquote>这份大盘股公司中销售额增长的主力是生物科技股<b>现代</b>（纳斯达克：MRNA）。2020年，Moderna的销售额略高于8.03亿美元。到2023年，分析师预计这只热门生物科技股将产生112.8亿美元的收入。这比预期的1,300%的销售额增长要好。</blockquote></p><p> Chances are you're familiar with the Moderna name because of its success on the coronavirus disease 2019 (COVID-19) vaccine front. The company's vaccine, mRNA-1273, demonstrated 94% vaccine efficacy in a U.S. clinical trial released last November and has played a key role in inoculating adults in numerous developed markets.</p><p><blockquote>您可能对Moderna这个名字很熟悉，因为它在冠状病毒疾病2019（COVID-19）疫苗方面取得了成功。该公司的疫苗mRNA-1273在去年11月发布的美国临床试验中证明了94%的疫苗效力，并在众多发达市场的成人接种中发挥了关键作用。</blockquote></p><p> The&nbsp;big unknown for Moderna&nbsp;is what sort of legs mRNA-1273 will exhibit beyond 2021-2022. On one hand, variants of COVID-19 and the deterioration of vaccine efficacy over time suggests that booster shots may become a routine moving forward. This would offer Moderna a recurring revenue stream that it's never had before.</p><p><blockquote>Moderna最大的未知数是mRNA-1273在2021-2022年之后将展示什么样的腿。一方面，新冠肺炎的变种和疫苗效力随着时间的推移而恶化表明，加强注射可能会成为未来的常规。这将为Moderna提供前所未有的经常性收入来源。</blockquote></p><p> On the other hand, new vaccines are set to enter the space, and innovation could threaten Moderna's grip as a top-two COVID-19 player. For example, if competitors bring combination vaccines to market (e.g., COVID-19/influenza), it could make mRNA-1273 a less-tantalizing option.</p><p><blockquote>另一方面，新疫苗即将进入该领域，创新可能会威胁到Moderna作为COVID-19前两名参与者的地位。例如，如果竞争对手将联合疫苗推向市场（如新冠肺炎/流感），可能会使mRNA-1273成为一个不太诱人的选择。</blockquote></p><p> Considering that Moderna's $141 billion market cap is based on a single therapeutic, there's a lot of risk built into this stock.</p><p><blockquote>考虑到Moderna 1410亿美元的市值是基于单一治疗药物，该股票存在很大风险。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/11/04/5-large-cap-stocks-increase-sales-313-to-1304/\">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":{"NIO":"蔚来","MRNA":"Moderna, Inc.","AMC":"AMC院线","SE":"Sea Ltd","SNOW":"Snowflake"},"source_url":"https://www.fool.com/investing/2021/11/04/5-large-cap-stocks-increase-sales-313-to-1304/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144131531","content_text":"Key Points\n\nBe careful: Sales growth alone doesn't always give you the full story about a company.\n\nSince the Great Recession ended in 2009, no group of companies has performed better than growth stocks. Historically low lending rates and the Federal Reserve's insistence on using quantitative-easing measures to keep rates low has led to abundant access to cheap capital.\nAnd it's not just small-cap stocks that are leaving a fiery trail of growth in their wake. According to consensus sales estimates from Wall Street, the following five large-cap stocks(companies with market caps of at least $10 billion) are all on pace to grow their annual sales by 313% to as much as 1,304% by 2023.\nIMAGE SOURCE: GETTY IMAGES.\nNio: 447% implied sales growth by 2023\nElectric-vehicle(EV) manufacturers should be some of the fastest-growing companies of the decade, and Nio(NYSE:NIO) is no exception. After the company produced $2.58 billion in sales last year, Wall Street's forecast calls for Nio to drive home roughly $14.1 billion in annual sales by 2023.\nIt's no secret that virtually all of the largest economies in the world are taking steps to fight climate change. Pushing consumers and enterprises to shift to EVs is one of the easiest ways to reduce carbon emissions. Nio is headquartered in the largest auto market in the world, China, which should see half of its annual vehicle sales be EVs or hybrids (mostly the former) by 2035, according to the Society of Automotive Engineers of China.\nNio's rapid sales growth is being driven by its innovation. The company is introducing a new EV each year -- and its high-margin, loyalty-driven subscription program. Last year, it introduced a battery-as-a-service subscription program that'll allow buyers to upgrade or replace their batteries. This service also reduces the upfront cost of Nio's EVs.\nIn exchange for giving up near-term sales, Nio is receiving high-margin monthly subscription revenue. More importantly, it's keeping buyers loyal to the brand.\nAssuming the auto industry can overcome recent chip shortages, Nio shouldn't have any trouble expanding its capacity and more than quintupling its sales in three years.\nIMAGE SOURCE: GETTY IMAGES.\nSnowflake: 401% implied sales growth by 2023\nAlthough double-digit sales growth is commonplace among cloud stocks, cloud data-warehousing company Snowflake(NYSE:SNOW) seems to be in a league of its own. In fiscal 2021, Snowflake brought in about $592 million in sales. By fiscal 2024, which ends in calendar year 2023, Wall Street is looking for Snowflake to generate almost $2.97 billion in revenue. That's a quintupling in sales, for those of you keeping score at home.\nThe Snowflake growth story is all about competitive advantages. For example, instead of opting for the popular subscription-based model, Snowflake charges its customers based on how much data they store and how many Snowflake Compute Credits used. This is a more transparent cost approach that its customers seem to like.\nFurther, Snowflake's infrastructure is built atop the leading cloud-infrastructure service providers. This helps the company's clients work around data-sharing barriers that might otherwise exist between competing cloud platforms.\nThe big question is whether Snowflake can support its nosebleed valuation of 94 times projected fiscal 2022 sales, with profitability still a long way off. To that end, I'm not so sure -- but Ihave been proven wrong, thus far.\nIMAGE SOURCE: GETTY IMAGES.\nSea Limited: 322% implied sales growth by 2023\nAnother large-cap stock with big-time sales-growth expectations is Singapore-based Sea Limited(NYSE:SE). Sea reported $4.38 billion in sales last year. Come 2023, Wall Street is expecting roughly $18.5 billion in full-year revenue.\nSea's not-so-secret key to success is its diversified trio of high-growth segments. First, there's digital entertainment, which is the only one generating positive earnings before interest, taxes, depreciation, and amortization (EBITDA). Sea ended June with 725 million quarterly active mobile gamers, 12.7% of which were paying to play. This conversion rate is significantly higher than the industry average.\nThe company's most exciting segment is e-commerce platform Shopee, which has consistently been the most-downloaded shopping app in Southeastern Asia and has seen rapid growth in Brazil. To offer some context as to how quickly Shopee is growing, the gross merchandise value (GMV) transacted in the second quarter was $15 billion. Meanwhile, only $10 billion in GMV was registered on Shopee in all of 2018.\nLastly, Sea's nascent digital-wallet services segment is growing rapidly. The company is nearing 33 million paying mobile-wallet users. With Sea focusing on numerous underbanked regions, this digital financial-services segment could be a sneaky strong growth driver for years to come.\nIMAGE SOURCE: GETTY IMAGES.\nAMC Entertainment: 313% implied sales growth by 2023\nSometimes, sales growth alone doesn't give investors the full picture. For instance,movie-theater stock AMC Entertainment(NYSE:AMC) is slated to grow its sales from $1.24 billion in 2020 to an estimated $5.22 billion by 2023. However, the pandemic ravaged AMC and forced many of its theaters to temporarily close. This $5.22 billion estimate for 2023 still represents a decline from the $5.47 billion in sales recorded in 2019, the year prior to the pandemic.\nWhether it's industry or company specific,nothing seems to be working in AMC's favor. The movie-theater industry has been mired in a 19-year decline, with inflation-adjusted box-office gross sales falling 22% between 2002 and 2019.\nEven though AMC has been able to secure some exclusivity agreements with major studios, these agreements range from 30 to 45 days. Prior to the pandemic, theatrical exclusivity extended 75 to 90 days. There's no question that AMC has lost its bargaining power to studios, or that streaming is eating into its margins.\nAs for the company, it's unlikely to be profitable any time before 2024, and the math simply doesn't check out as to how it'll eventually pay back its $5.4 billion in outstanding debt, $420 million in deferred rent, and nearly $4.9 billion in long-term lease liabilities. With weekly box-office gross sales consistently down double digits from 2019, there's little doubt AMC will continue to burn through its remaining cash.\nEven with \"rapid sales growth,\" some companies should be avoided like the plague.\nIMAGE SOURCE: GETTY IMAGES.\nModerna: 1,304% implied sales growth by 2023\nThe kingpin of sales growth on this list among large-cap companies is biotech-stock Moderna(NASDAQ:MRNA). In 2020, Moderna posted a little over $803 million in sales. By 2023, analysts expect this hot biotech stock to yield $11.28 billion in revenue. That's a better than 1,300% expected sales increase.\nChances are you're familiar with the Moderna name because of its success on the coronavirus disease 2019 (COVID-19) vaccine front. The company's vaccine, mRNA-1273, demonstrated 94% vaccine efficacy in a U.S. clinical trial released last November and has played a key role in inoculating adults in numerous developed markets.\nThe big unknown for Moderna is what sort of legs mRNA-1273 will exhibit beyond 2021-2022. On one hand, variants of COVID-19 and the deterioration of vaccine efficacy over time suggests that booster shots may become a routine moving forward. This would offer Moderna a recurring revenue stream that it's never had before.\nOn the other hand, new vaccines are set to enter the space, and innovation could threaten Moderna's grip as a top-two COVID-19 player. For example, if competitors bring combination vaccines to market (e.g., COVID-19/influenza), it could make mRNA-1273 a less-tantalizing option.\nConsidering that Moderna's $141 billion market cap is based on a single therapeutic, there's a lot of risk built into this stock.","news_type":1,"symbols_score_info":{"MRNA":0.9,"AMC":0.9,"NIO":0.9,"SNOW":0.9,"SE":0.9}},"isVote":1,"tweetType":1,"viewCount":2261,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878689744,"gmtCreate":1637189870988,"gmtModify":1637189870988,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580887198114940","authorIdStr":"3580887198114940"},"themes":[],"htmlText":"Too early to tell if company has sound Technology.Hit and run to make a quick buckHold a small amount then wait and hope","listText":"Too early to tell if company has sound Technology.Hit and run to make a quick buckHold a small amount then wait and hope","text":"Too early to tell if company has sound Technology.Hit and run to make a quick buckHold a small amount then wait and hope","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878689744","repostId":"1105577642","repostType":4,"repost":{"id":"1105577642","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":1637163145,"share":"https://www.laohu8.com/m/news/1105577642?lang=zh_CN&edition=full","pubTime":"2021-11-17 23:32","market":"us","language":"en","title":"Sono Motors spikes 52% on its first day of trading<blockquote>Sono Motors首日交易飙升52%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105577642","media":"Tiger Newspress","summary":"Sono Motors spikes 52% on its first day of trading.\n\nSono Group N.V. announces the pricing of its in","content":"<p>Sono Motors spikes 52% on its first day of trading.</p><p><blockquote>Sono Motors首日交易股价飙升52%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a566216757e81e7503c8f24c9b477862\" tg-width=\"773\" tg-height=\"563\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Sono Group N.V.&nbsp;announces the pricing of its initial public offering of 10,000,000 common shares at a price to the public of $15.00 per share. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 common shares at the initial public offering price. The common shares are expected to begin trading on the Nasdaq Global Market on November 17, 2021, under the ticker symbol “SEV”. The offering is expected to close on November 19, 2021, subject to customary closing conditions.</p><p><blockquote>Sono Group N.V.宣布首次公开发行10,000,000股普通股的定价为每股15.00美元。此外，该公司还授予承销商30天的选择权，以首次公开发行价格额外购买最多1,500,000股普通股。普通股预计将于2021年11月17日在纳斯达克全球市场开始交易，股票代码为“SEV”。此次发行预计将于2021年11月19日结束，具体取决于惯例成交条件。</blockquote></p><p> Sono Motors is on a pioneering mission to accelerate the revolution of mobility by making every vehicle solar. Its disruptive solar technology has been developed to enable seamless integration into all types of vehicles to reduce the impact of CO2 emissions and pave the way for climate-friendly mobility.</p><p><blockquote>索诺汽车公司肩负着一项开创性的使命，通过使每辆车都成为太阳能来加速移动革命。其颠覆性太阳能技术的开发能够无缝集成到所有类型的车辆中，以减少二氧化碳排放的影响，并为气候友好型交通铺平道路。</blockquote></p><p> Sono Motors is developing the world’s first solar electric vehicle (SEV) for the masses, the Sion. Empowered by a strong community, Sono Motors has amassed more than 16,000 reservations with advance payments for the Sion. These vehicles will be produced through contract manufacturing with customer deliveries expected to begin in the first half of 2023.</p><p><blockquote>Sono Motors正在开发面向大众的世界first solar电动汽车（SEV）Sion。在强大社区的支持下，Sono Motors已经为Sion积累了超过16,000份预付款预订。这些车辆将通过合同制造生产，预计将于2023年上半年开始向客户交付。</blockquote></p><p> The unmatched solar technology is also being licensed to other manufacturers for application in vehicles such as buses, trailers, trucks, camper vans, trains and boats.</p><p><blockquote>这项无与伦比的太阳能技术也被授权给其他制造商，用于公共汽车、拖车、卡车、露营车、火车和船只等车辆。</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>Sono Motors spikes 52% on its first day of trading<blockquote>Sono Motors首日交易飙升52%</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\">\nSono Motors spikes 52% on its first day of trading<blockquote>Sono Motors首日交易飙升52%</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\">2021-11-17 23:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Sono Motors spikes 52% on its first day of trading.</p><p><blockquote>Sono Motors首日交易股价飙升52%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a566216757e81e7503c8f24c9b477862\" tg-width=\"773\" tg-height=\"563\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Sono Group N.V.&nbsp;announces the pricing of its initial public offering of 10,000,000 common shares at a price to the public of $15.00 per share. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 common shares at the initial public offering price. The common shares are expected to begin trading on the Nasdaq Global Market on November 17, 2021, under the ticker symbol “SEV”. The offering is expected to close on November 19, 2021, subject to customary closing conditions.</p><p><blockquote>Sono Group N.V.宣布首次公开发行10,000,000股普通股的定价为每股15.00美元。此外，该公司还授予承销商30天的选择权，以首次公开发行价格额外购买最多1,500,000股普通股。普通股预计将于2021年11月17日在纳斯达克全球市场开始交易，股票代码为“SEV”。此次发行预计将于2021年11月19日结束，具体取决于惯例成交条件。</blockquote></p><p> Sono Motors is on a pioneering mission to accelerate the revolution of mobility by making every vehicle solar. Its disruptive solar technology has been developed to enable seamless integration into all types of vehicles to reduce the impact of CO2 emissions and pave the way for climate-friendly mobility.</p><p><blockquote>索诺汽车公司肩负着一项开创性的使命，通过使每辆车都成为太阳能来加速移动革命。其颠覆性太阳能技术的开发能够无缝集成到所有类型的车辆中，以减少二氧化碳排放的影响，并为气候友好型交通铺平道路。</blockquote></p><p> Sono Motors is developing the world’s first solar electric vehicle (SEV) for the masses, the Sion. Empowered by a strong community, Sono Motors has amassed more than 16,000 reservations with advance payments for the Sion. These vehicles will be produced through contract manufacturing with customer deliveries expected to begin in the first half of 2023.</p><p><blockquote>Sono Motors正在开发面向大众的世界first solar电动汽车（SEV）Sion。在强大社区的支持下，Sono Motors已经为Sion积累了超过16,000份预付款预订。这些车辆将通过合同制造生产，预计将于2023年上半年开始向客户交付。</blockquote></p><p> The unmatched solar technology is also being licensed to other manufacturers for application in vehicles such as buses, trailers, trucks, camper vans, trains and boats.</p><p><blockquote>这项无与伦比的太阳能技术也被授权给其他制造商，用于公共汽车、拖车、卡车、露营车、火车和船只等车辆。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SEV":"Aptera Motors"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105577642","content_text":"Sono Motors spikes 52% on its first day of trading.\n\nSono Group N.V. announces the pricing of its initial public offering of 10,000,000 common shares at a price to the public of $15.00 per share. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 common shares at the initial public offering price. The common shares are expected to begin trading on the Nasdaq Global Market on November 17, 2021, under the ticker symbol “SEV”. The offering is expected to close on November 19, 2021, subject to customary closing conditions.\nSono Motors is on a pioneering mission to accelerate the revolution of mobility by making every vehicle solar. Its disruptive solar technology has been developed to enable seamless integration into all types of vehicles to reduce the impact of CO2 emissions and pave the way for climate-friendly mobility.\nSono Motors is developing the world’s first solar electric vehicle (SEV) for the masses, the Sion. Empowered by a strong community, Sono Motors has amassed more than 16,000 reservations with advance payments for the Sion. These vehicles will be produced through contract manufacturing with customer deliveries expected to begin in the first half of 2023.\nThe unmatched solar technology is also being licensed to other manufacturers for application in vehicles such as buses, trailers, trucks, camper vans, trains and boats.","news_type":1,"symbols_score_info":{"SEV":0.9}},"isVote":1,"tweetType":1,"viewCount":3043,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":143062666,"gmtCreate":1625752934255,"gmtModify":1631884354424,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580887198114940","authorIdStr":"3580887198114940"},"themes":[],"htmlText":"Time to buy buy buy","listText":"Time to buy buy buy","text":"Time to buy buy 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moon!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/822277192","repostId":"1186770210","repostType":4,"isVote":1,"tweetType":1,"viewCount":3243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":134053144,"gmtCreate":1622194476288,"gmtModify":1631890096868,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580887198114940","authorIdStr":"3580887198114940"},"themes":[],"htmlText":"Hit and run for a quick gain.&nbsp;","listText":"Hit and run for a quick gain.&nbsp;","text":"Hit and run for a quick gain.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/134053144","repostId":"2138171734","repostType":4,"isVote":1,"tweetType":1,"viewCount":756,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":871215204,"gmtCreate":1637073817880,"gmtModify":1637073845769,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580887198114940","authorIdStr":"3580887198114940"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/INTC\">$Intel(INTC)$</a>Still have time to jump in for aquickie","listText":"<a href=\"https://laohu8.com/S/INTC\">$Intel(INTC)$</a>Still have time to jump in for aquickie","text":"$Intel(INTC)$Still have time to jump in for aquickie","images":[{"img":"https://static.tigerbbs.com/83999e14eec3a333c03e0c1d286c8beb","width":"1125","height":"2686"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/871215204","isVote":1,"tweetType":1,"viewCount":2630,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":143020223,"gmtCreate":1625753037962,"gmtModify":1631884354410,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580887198114940","authorIdStr":"3580887198114940"},"themes":[],"htmlText":"Go Apple!!","listText":"Go Apple!!","text":"Go Apple!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/143020223","repostId":"2149347288","repostType":4,"isVote":1,"tweetType":1,"viewCount":1750,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166295748,"gmtCreate":1624010242584,"gmtModify":1631884354467,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580887198114940","authorIdStr":"3580887198114940"},"themes":[],"htmlText":"Probably good time to explore metals for long term","listText":"Probably good time to explore metals for long term","text":"Probably good time to explore metals for long term","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166295748","repostId":"2144786627","repostType":4,"isVote":1,"tweetType":1,"viewCount":1759,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":134050653,"gmtCreate":1622194386572,"gmtModify":1631890096872,"author":{"id":"3580887198114940","authorId":"3580887198114940","name":"ZeRoCoOl","avatar":"https://static.tigerbbs.com/765f5ee2c912615ba5335eeffc60c0b4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580887198114940","authorIdStr":"3580887198114940"},"themes":[],"htmlText":"Watch closely the overall market but also watch the fundamentals of their earnings","listText":"Watch closely the overall market but also watch the fundamentals of their earnings","text":"Watch closely the overall market but also watch the fundamentals of their earnings","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/134050653","repostId":"1128925476","repostType":4,"repost":{"id":"1128925476","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":1622191493,"share":"https://www.laohu8.com/m/news/1128925476?lang=zh_CN&edition=full","pubTime":"2021-05-28 16:44","market":"hk","language":"en","title":"Meituan reports second consecutive quarterly loss<blockquote>美团-W报告连续第二个季度亏损</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1128925476","media":"Tiger Newspress","summary":"Chinese food delivery giant Meituan reported a second consecutive quarterly loss on Friday, weighed ","content":"<p>Chinese food delivery giant Meituan reported a second consecutive quarterly loss on Friday, weighed down by its expansion into the community group-buying business that relies heavily on subsidies.</p><p><blockquote>中国外卖巨头美团-W周五公布连续第二个季度亏损，受其向严重依赖补贴的社区团购业务扩张拖累。</blockquote></p><p>It reported a loss of 4.85 billion yuan ($762.4 million) in the period versus a 1.58 billion yuan loss a year earlier, when its business was hit by nationwide coronavirus curbs.</p><p><blockquote>该公司报告期内亏损48.5亿元人民币（7.624亿美元），而去年同期亏损15.8亿元人民币，当时其业务受到全国范围内冠状病毒限制措施的打击。</blockquote></p><p><b>Company Financial Highlights</b></p><p><blockquote><b>公司财务摘要</b></blockquote></p><p>Thanks to the PRC government’s effective measures to contain the COVID-19 pandemic in&nbsp;China, company businesses experienced strong recovery during the first quarter of 2021.</p><p><blockquote>由于中国政府采取有效措施遏制中国的COVID-19疫情，公司业务于2021年第一季度经历了强劲复苏。</blockquote></p><p>Total revenues&nbsp;increased by 120.9% in the first quarter of 2021 to RMB37.0 billion from RMB16.8 billion for&nbsp;the same period of 2020. Company food delivery and in-store, hotel &amp; travel segments posted stellar&nbsp;growth, realizing an aggregate operating profit by segment of RMB3.9 billion in the first quarter&nbsp;of 2021, an increase from RMB0.6 billion for the same period of 2020.</p><p><blockquote>总收入由2020年同期的人民币168亿元增加120.9%至2021年第一季度的人民币370亿元。公司外卖及到店、酒店及旅游板块增长强劲，2021年第一季度实现分部营业利润总额人民币39亿元，高于2020年同期的人民币6亿元。</blockquote></p><p>Operating loss for the&nbsp;new initiatives and others segment expanded as company&nbsp;accelerated our investment effort to provide&nbsp;services with more breadth. Both adjusted EBITDA and adjusted net loss for the first quarter of&nbsp;2021 decreased year-over-year to negative RMB2.4 billion and RMB3.9 billion, respectively. net cash flows used in operating activities decreased to RMB4.4 billion in the first quarter of 2021&nbsp;from RMB5.0 billion for the same period of 2020. Company had cash and cash equivalents of RMB17.8&nbsp;billion and short-term treasury investments of RMB35.3 billion as of March 31, 2021, compared to&nbsp;the balances of RMB17.1 billion and RMB44.0 billion as of December 31, 2020, respectively.</p><p><blockquote>随着公司加快投资力度以提供更广泛的服务，新计划和其他部门的运营亏损扩大。2021年第一季度调整后EBITDA和调整后净亏损同比分别下降至负人民币24亿元和人民币39亿元。经营活动所用现金流量净额由2020年同期的人民币50亿元减少至2021年第一季度的人民币44亿元。截至2021年3月31日，公司的现金及现金等价物为人民币178亿元，短期资金投资为人民币353亿元，而截至2020年12月31日的余额分别为人民币171亿元和人民币440亿元。</blockquote></p><p><img src=\"https://static.tigerbbs.com/a693a54147796382f71c467e44d2dbc5\" tg-width=\"606\" tg-height=\"690\" referrerpolicy=\"no-referrer\"><b>New initiatives and others </b></p><p><blockquote><b>新举措及其他</b></blockquote></p><p>During the first quarter of 2021, Meituan ramped up our investments in new initiatives. Retail, especially the community e-commerce business, continued to be our largest investment area. For the first quarter of 2021, revenues from the new initiatives and others segment increased by 136.5% year over year to RMB9.9 billion, primarily driven by the growth in retail businesses, B2B food distribution services, and ride-sharing services. Operating loss for the segment increased both year over year and quarter over quarter to negative RMB8.0 billion in the first quarter of 2021, while operating margin decreased to negative 81.6%.</p><p><blockquote>2021年第一季度，美团-W加大了对新举措的投资。零售，尤其是社区电商业务，继续成为我们最大的投资领域。2021年第一季度，新计划及其他分部的收入同比增长136.5%至人民币99亿元，主要受零售业务、B2B食品配送服务和拼车服务增长的推动。2021年第一季度，该部门的经营亏损同比和环比均增加至负人民币80亿元，而营业利润率则下降至负81.6%。</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>Meituan reports second consecutive quarterly loss<blockquote>美团-W报告连续第二个季度亏损</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\">\nMeituan reports second consecutive quarterly loss<blockquote>美团-W报告连续第二个季度亏损</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\">2021-05-28 16:44</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Chinese food delivery giant Meituan reported a second consecutive quarterly loss on Friday, weighed down by its expansion into the community group-buying business that relies heavily on subsidies.</p><p><blockquote>中国外卖巨头美团-W周五公布连续第二个季度亏损，受其向严重依赖补贴的社区团购业务扩张拖累。</blockquote></p><p>It reported a loss of 4.85 billion yuan ($762.4 million) in the period versus a 1.58 billion yuan loss a year earlier, when its business was hit by nationwide coronavirus curbs.</p><p><blockquote>该公司报告期内亏损48.5亿元人民币（7.624亿美元），而去年同期亏损15.8亿元人民币，当时其业务受到全国范围内冠状病毒限制措施的打击。</blockquote></p><p><b>Company Financial Highlights</b></p><p><blockquote><b>公司财务摘要</b></blockquote></p><p>Thanks to the PRC government’s effective measures to contain the COVID-19 pandemic in&nbsp;China, company businesses experienced strong recovery during the first quarter of 2021.</p><p><blockquote>由于中国政府采取有效措施遏制中国的COVID-19疫情，公司业务于2021年第一季度经历了强劲复苏。</blockquote></p><p>Total revenues&nbsp;increased by 120.9% in the first quarter of 2021 to RMB37.0 billion from RMB16.8 billion for&nbsp;the same period of 2020. Company food delivery and in-store, hotel &amp; travel segments posted stellar&nbsp;growth, realizing an aggregate operating profit by segment of RMB3.9 billion in the first quarter&nbsp;of 2021, an increase from RMB0.6 billion for the same period of 2020.</p><p><blockquote>总收入由2020年同期的人民币168亿元增加120.9%至2021年第一季度的人民币370亿元。公司外卖及到店、酒店及旅游板块增长强劲，2021年第一季度实现分部营业利润总额人民币39亿元，高于2020年同期的人民币6亿元。</blockquote></p><p>Operating loss for the&nbsp;new initiatives and others segment expanded as company&nbsp;accelerated our investment effort to provide&nbsp;services with more breadth. Both adjusted EBITDA and adjusted net loss for the first quarter of&nbsp;2021 decreased year-over-year to negative RMB2.4 billion and RMB3.9 billion, respectively. net cash flows used in operating activities decreased to RMB4.4 billion in the first quarter of 2021&nbsp;from RMB5.0 billion for the same period of 2020. Company had cash and cash equivalents of RMB17.8&nbsp;billion and short-term treasury investments of RMB35.3 billion as of March 31, 2021, compared to&nbsp;the balances of RMB17.1 billion and RMB44.0 billion as of December 31, 2020, respectively.</p><p><blockquote>随着公司加快投资力度以提供更广泛的服务，新计划和其他部门的运营亏损扩大。2021年第一季度调整后EBITDA和调整后净亏损同比分别下降至负人民币24亿元和人民币39亿元。经营活动所用现金流量净额由2020年同期的人民币50亿元减少至2021年第一季度的人民币44亿元。截至2021年3月31日，公司的现金及现金等价物为人民币178亿元，短期资金投资为人民币353亿元，而截至2020年12月31日的余额分别为人民币171亿元和人民币440亿元。</blockquote></p><p><img src=\"https://static.tigerbbs.com/a693a54147796382f71c467e44d2dbc5\" tg-width=\"606\" tg-height=\"690\" referrerpolicy=\"no-referrer\"><b>New initiatives and others </b></p><p><blockquote><b>新举措及其他</b></blockquote></p><p>During the first quarter of 2021, Meituan ramped up our investments in new initiatives. Retail, especially the community e-commerce business, continued to be our largest investment area. For the first quarter of 2021, revenues from the new initiatives and others segment increased by 136.5% year over year to RMB9.9 billion, primarily driven by the growth in retail businesses, B2B food distribution services, and ride-sharing services. Operating loss for the segment increased both year over year and quarter over quarter to negative RMB8.0 billion in the first quarter of 2021, while operating margin decreased to negative 81.6%.</p><p><blockquote>2021年第一季度，美团-W加大了对新举措的投资。零售，尤其是社区电商业务，继续成为我们最大的投资领域。2021年第一季度，新计划及其他分部的收入同比增长136.5%至人民币99亿元，主要受零售业务、B2B食品配送服务和拼车服务增长的推动。2021年第一季度，该部门的经营亏损同比和环比均增加至负人民币80亿元，而营业利润率则下降至负81.6%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03690":"美团-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128925476","content_text":"Chinese food delivery giant Meituan reported a second consecutive quarterly loss on Friday, weighed down by its expansion into the community group-buying business that relies heavily on subsidies.It reported a loss of 4.85 billion yuan ($762.4 million) in the period versus a 1.58 billion yuan loss a year earlier, when its business was hit by nationwide coronavirus curbs.Company Financial HighlightsThanks to the PRC government’s effective measures to contain the COVID-19 pandemic in China, company businesses experienced strong recovery during the first quarter of 2021.Total revenues increased by 120.9% in the first quarter of 2021 to RMB37.0 billion from RMB16.8 billion for the same period of 2020. Company food delivery and in-store, hotel & travel segments posted stellar growth, realizing an aggregate operating profit by segment of RMB3.9 billion in the first quarter of 2021, an increase from RMB0.6 billion for the same period of 2020.Operating loss for the new initiatives and others segment expanded as company accelerated our investment effort to provide services with more breadth. Both adjusted EBITDA and adjusted net loss for the first quarter of 2021 decreased year-over-year to negative RMB2.4 billion and RMB3.9 billion, respectively. net cash flows used in operating activities decreased to RMB4.4 billion in the first quarter of 2021 from RMB5.0 billion for the same period of 2020. Company had cash and cash equivalents of RMB17.8 billion and short-term treasury investments of RMB35.3 billion as of March 31, 2021, compared to the balances of RMB17.1 billion and RMB44.0 billion as of December 31, 2020, respectively.New initiatives and others During the first quarter of 2021, Meituan ramped up our investments in new initiatives. Retail, especially the community e-commerce business, continued to be our largest investment area. For the first quarter of 2021, revenues from the new initiatives and others segment increased by 136.5% year over year to RMB9.9 billion, primarily driven by the growth in retail businesses, B2B food distribution services, and ride-sharing services. Operating loss for the segment increased both year over year and quarter over quarter to negative RMB8.0 billion in the first quarter of 2021, while operating margin decreased to negative 81.6%.","news_type":1,"symbols_score_info":{"03690":0.9}},"isVote":1,"tweetType":1,"viewCount":761,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}