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2021-11-05

gd

Netflix Rises as Credit Suisse Sees Subscriber Growth Normalizing<blockquote>瑞士信贷认为用户增长正常化，Netflix股价上涨</blockquote>

2021-10-03

c//@Hello_kitty:like and comment

Netflix Rises as Credit Suisse Sees Subscriber Growth Normalizing<blockquote>瑞士信贷认为用户增长正常化，Netflix股价上涨</blockquote>

2021-06-26

like and comment

Netflix Rises as Credit Suisse Sees Subscriber Growth Normalizing<blockquote>瑞士信贷认为用户增长正常化，Netflix股价上涨</blockquote>

2021-06-25

like pls. Thanks

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2021-06-23

hello

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2021-06-22

please like and comment. Thanks

Evergrande Fights Short Sellers With $400 Million Asset Sale<blockquote>恒大以4亿美元资产出售对抗卖空者</blockquote>

2021-06-18

comment and like

抱歉，原内容已删除

2021-06-18

NIO to the moon🚀

NIO Is Winning<blockquote>蔚来正在获胜</blockquote>

2021-06-16

comment and like please, Thank you!

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2021-06-08

Please comment and like, thank you

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2021-05-26

roller coaster, high risk!

抱歉，原内容已删除

2021-05-20

may be

Is Chevron Stock a Buy?<blockquote>雪佛龙股票值得买入吗？</blockquote>

2021-05-19

oh dear!

抱歉，原内容已删除

2021-05-19

👍🏼

Singapore Exchange Eyes Battery Metals Contracts to Tap EV Boom<blockquote>新加坡交易所着眼于电池金属合约以利用电动汽车热潮</blockquote>

去老虎APP查看更多动态

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22:38","market":"us","language":"en","title":"Netflix Rises as Credit Suisse Sees Subscriber Growth Normalizing<blockquote>瑞士信贷认为用户增长正常化，Netflix股价上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1119853713","media":"The Street","summary":"Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscrib","content":"<p>  Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscriber growth to normalize.  Shares of Netflix&nbsp;(<b>NFLX</b>) were higher on Friday after the video-streaming service was upgraded to outperform from neutral by analysts at Credit Suisse.</p><p><blockquote>瑞士信贷将Netflix的评级上调至跑赢大盘，目标价为586美元，预计用户增长将正常化。Netflix股票（<b>NFLX</b>）周五走高，此前瑞士信贷分析师将该视频流媒体服务从中性上调至跑赢大盘。</blockquote></p><p> The investment firm's analysts say they expect subscriber growth to normalize in the fourth quarter. A survey by the firm among U.S. customers reinforced the platform's competitive position and high user satisfaction, CS said.</p><p><blockquote>该投资公司的分析师表示，他们预计用户增长将在第四季度恢复正常。CS表示，该公司对美国客户的一项调查加强了该平台的竞争地位和高用户满意度。</blockquote></p><p> <b>Jon Markman on Real Money Picks Stocks for the Digital Future</b></p><p><blockquote><b>乔恩·马克曼(Jon Markman)谈Real Money为数字未来挑选股票</b></blockquote></p><p> Analysts maintained their $586 price target while saying the stock is at a favorable entry point and attractive absolute valuation.</p><p><blockquote>分析师维持586美元的目标价，同时表示该股处于有利的切入点和有吸引力的绝对估值。</blockquote></p><p> The firm sees a strong August to December pipeline on releases with \"numerous potential top-of-funnel titles,\" according to analyst Douglas Mitchelson. He also expects a stronger full-year slate in 2022 vs 2021.</p><p><blockquote>分析师道格拉斯·米切尔森(Douglas Mitchelson)表示，该公司预计8月至12月的发行渠道将强劲，其中包括“众多潜在的漏斗顶端游戏”。他还预计2022年全年业绩将比2021年更强劲。</blockquote></p><p> Second-quarter results and third-quarter guidance are still uncertain and any disappointment could be a \"clearing event\" ahead of a rebound in the fourth quarter, according to Mitchelson.</p><p><blockquote>米切尔森表示，第二季度业绩和第三季度指引仍不确定，任何失望都可能是第四季度反弹之前的“清算事件”。</blockquote></p><p> Shares of Netflix at last check were 1.7% higher $527.14.</p><p><blockquote>截至上次检查，Netflix股价上涨1.7%，达到527.14美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/abf3270957252db3a40ff3b8f395e66d\" tg-width=\"712\" tg-height=\"530\"></p><p><blockquote></blockquote></p><p> Earlier this month, Netflix and&nbsp;Amblin Partners, the film and television studio led by Steven Spielberg, raised the curtain ona partnership.&nbsp;In the deal, the Hollywood director's company will produce multiple films a year for the Los Gatos, Calif., streaming giant.</p><p><blockquote>本月早些时候，网飞和史蒂文·斯皮尔伯格领导的电影电视工作室Amblin Partners拉开了合作伙伴关系的帷幕。根据协议，这位好莱坞导演的公司将每年为这家位于加州洛斯加托斯的流媒体巨头制作多部电影。</blockquote></p><p> Spielberg, the Oscar-winning director of \"Schindler's&nbsp;List,\" \"Jurassic Park\" and \"Saving Private Ryan,\" will continue to direct movies for Comcast's&nbsp;(<b>CMCSA</b>) -Get ReportUniversal Pictures as part of a separate deal.</p><p><blockquote>曾执导过《辛德勒的名单》、《侏罗纪公园》和《拯救大兵瑞恩》的奥斯卡获奖导演斯皮尔伯格将继续为康卡斯特（<b>CMCSA</b>)-作为单独交易的一部分获取ReportUniversal Pictures。</blockquote></p><p> Earlier this month, Netflix launched Netflix.shop, whichwill sell curatedproducts including apparel, toys and games.</p><p><blockquote>本月早些时候，Netflix推出了Netflix.shop，将销售包括服装、玩具和游戏在内的精选产品。</blockquote></p><p></p>","source":"lsy1610613172068","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>Netflix Rises as Credit Suisse Sees Subscriber Growth Normalizing<blockquote>瑞士信贷认为用户增长正常化，Netflix股价上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNetflix Rises as Credit Suisse Sees Subscriber Growth Normalizing<blockquote>瑞士信贷认为用户增长正常化，Netflix股价上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-06-25 22:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscriber growth to normalize.  Shares of Netflix&nbsp;(<b>NFLX</b>) were higher on Friday after the video-streaming service was upgraded to outperform from neutral by analysts at Credit Suisse.</p><p><blockquote>瑞士信贷将Netflix的评级上调至跑赢大盘，目标价为586美元，预计用户增长将正常化。Netflix股票（<b>NFLX</b>）周五走高，此前瑞士信贷分析师将该视频流媒体服务从中性上调至跑赢大盘。</blockquote></p><p> The investment firm's analysts say they expect subscriber growth to normalize in the fourth quarter. A survey by the firm among U.S. customers reinforced the platform's competitive position and high user satisfaction, CS said.</p><p><blockquote>该投资公司的分析师表示，他们预计用户增长将在第四季度恢复正常。CS表示，该公司对美国客户的一项调查加强了该平台的竞争地位和高用户满意度。</blockquote></p><p> <b>Jon Markman on Real Money Picks Stocks for the Digital Future</b></p><p><blockquote><b>乔恩·马克曼(Jon Markman)谈Real Money为数字未来挑选股票</b></blockquote></p><p> Analysts maintained their $586 price target while saying the stock is at a favorable entry point and attractive absolute valuation.</p><p><blockquote>分析师维持586美元的目标价，同时表示该股处于有利的切入点和有吸引力的绝对估值。</blockquote></p><p> The firm sees a strong August to December pipeline on releases with \"numerous potential top-of-funnel titles,\" according to analyst Douglas Mitchelson. He also expects a stronger full-year slate in 2022 vs 2021.</p><p><blockquote>分析师道格拉斯·米切尔森(Douglas Mitchelson)表示，该公司预计8月至12月的发行渠道将强劲，其中包括“众多潜在的漏斗顶端游戏”。他还预计2022年全年业绩将比2021年更强劲。</blockquote></p><p> Second-quarter results and third-quarter guidance are still uncertain and any disappointment could be a \"clearing event\" ahead of a rebound in the fourth quarter, according to Mitchelson.</p><p><blockquote>米切尔森表示，第二季度业绩和第三季度指引仍不确定，任何失望都可能是第四季度反弹之前的“清算事件”。</blockquote></p><p> Shares of Netflix at last check were 1.7% higher $527.14.</p><p><blockquote>截至上次检查，Netflix股价上涨1.7%，达到527.14美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/abf3270957252db3a40ff3b8f395e66d\" tg-width=\"712\" tg-height=\"530\"></p><p><blockquote></blockquote></p><p> Earlier this month, Netflix and&nbsp;Amblin Partners, the film and television studio led by Steven Spielberg, raised the curtain ona partnership.&nbsp;In the deal, the Hollywood director's company will produce multiple films a year for the Los Gatos, Calif., streaming giant.</p><p><blockquote>本月早些时候，网飞和史蒂文·斯皮尔伯格领导的电影电视工作室Amblin Partners拉开了合作伙伴关系的帷幕。根据协议，这位好莱坞导演的公司将每年为这家位于加州洛斯加托斯的流媒体巨头制作多部电影。</blockquote></p><p> Spielberg, the Oscar-winning director of \"Schindler's&nbsp;List,\" \"Jurassic Park\" and \"Saving Private Ryan,\" will continue to direct movies for Comcast's&nbsp;(<b>CMCSA</b>) -Get ReportUniversal Pictures as part of a separate deal.</p><p><blockquote>曾执导过《辛德勒的名单》、《侏罗纪公园》和《拯救大兵瑞恩》的奥斯卡获奖导演斯皮尔伯格将继续为康卡斯特（<b>CMCSA</b>)-作为单独交易的一部分获取ReportUniversal Pictures。</blockquote></p><p> Earlier this month, Netflix launched Netflix.shop, whichwill sell curatedproducts including apparel, toys and games.</p><p><blockquote>本月早些时候，Netflix推出了Netflix.shop，将销售包括服装、玩具和游戏在内的精选产品。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/netflix-climbs-on-credit-suisse-upgrade-to-outperform\">The Street</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":{"NFLX":"奈飞"},"source_url":"https://www.thestreet.com/investing/netflix-climbs-on-credit-suisse-upgrade-to-outperform","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119853713","content_text":"Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscriber growth to normalize.\n\nShares of Netflix (NFLX) were higher on Friday after the video-streaming service was upgraded to outperform from neutral by analysts at Credit Suisse.\nThe investment firm's analysts say they expect subscriber growth to normalize in the fourth quarter. A survey by the firm among U.S. customers reinforced the platform's competitive position and high user satisfaction, CS said.\nJon Markman on Real Money Picks Stocks for the Digital Future\nAnalysts maintained their $586 price target while saying the stock is at a favorable entry point and attractive absolute valuation.\nThe firm sees a strong August to December pipeline on releases with \"numerous potential top-of-funnel titles,\" according to analyst Douglas Mitchelson. He also expects a stronger full-year slate in 2022 vs 2021.\nSecond-quarter results and third-quarter guidance are still uncertain and any disappointment could be a \"clearing event\" ahead of a rebound in the fourth quarter, according to Mitchelson.\nShares of Netflix at last check were 1.7% higher $527.14.\n\nEarlier this month, Netflix and Amblin Partners, the film and television studio led by Steven Spielberg, raised the curtain ona partnership. In the deal, the Hollywood director's company will produce multiple films a year for the Los Gatos, Calif., streaming giant.\nSpielberg, the Oscar-winning director of \"Schindler's List,\" \"Jurassic Park\" and \"Saving Private Ryan,\" will continue to direct movies for Comcast's (CMCSA) -Get ReportUniversal Pictures as part of a separate deal.\nEarlier this month, Netflix launched Netflix.shop, whichwill sell curatedproducts including apparel, toys and games.","news_type":1,"symbols_score_info":{"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":1737,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":867809155,"gmtCreate":1633232386956,"gmtModify":1633232387128,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582197396832487","idStr":"3582197396832487"},"themes":[],"htmlText":"c//<a href=\"https://laohu8.com/U/3582197396832487\">@Hello_kitty</a>:like and comment","listText":"c//<a href=\"https://laohu8.com/U/3582197396832487\">@Hello_kitty</a>:like and comment","text":"c//@Hello_kitty:like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/867809155","repostId":"1119853713","repostType":4,"repost":{"id":"1119853713","kind":"news","pubTimestamp":1624631902,"share":"https://www.laohu8.com/m/news/1119853713?lang=zh_CN&edition=full","pubTime":"2021-06-25 22:38","market":"us","language":"en","title":"Netflix Rises as Credit Suisse Sees Subscriber Growth Normalizing<blockquote>瑞士信贷认为用户增长正常化，Netflix股价上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1119853713","media":"The Street","summary":"Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscrib","content":"<p>  Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscriber growth to normalize.  Shares of Netflix&nbsp;(<b>NFLX</b>) were higher on Friday after the video-streaming service was upgraded to outperform from neutral by analysts at Credit Suisse.</p><p><blockquote>瑞士信贷将Netflix的评级上调至跑赢大盘，目标价为586美元，预计用户增长将正常化。Netflix股票（<b>NFLX</b>）周五走高，此前瑞士信贷分析师将该视频流媒体服务从中性上调至跑赢大盘。</blockquote></p><p> The investment firm's analysts say they expect subscriber growth to normalize in the fourth quarter. A survey by the firm among U.S. customers reinforced the platform's competitive position and high user satisfaction, CS said.</p><p><blockquote>该投资公司的分析师表示，他们预计用户增长将在第四季度恢复正常。CS表示，该公司对美国客户的一项调查加强了该平台的竞争地位和高用户满意度。</blockquote></p><p> <b>Jon Markman on Real Money Picks Stocks for the Digital Future</b></p><p><blockquote><b>乔恩·马克曼(Jon Markman)谈Real Money为数字未来挑选股票</b></blockquote></p><p> Analysts maintained their $586 price target while saying the stock is at a favorable entry point and attractive absolute valuation.</p><p><blockquote>分析师维持586美元的目标价，同时表示该股处于有利的切入点和有吸引力的绝对估值。</blockquote></p><p> The firm sees a strong August to December pipeline on releases with \"numerous potential top-of-funnel titles,\" according to analyst Douglas Mitchelson. He also expects a stronger full-year slate in 2022 vs 2021.</p><p><blockquote>分析师道格拉斯·米切尔森(Douglas Mitchelson)表示，该公司预计8月至12月的发行渠道将强劲，其中包括“众多潜在的漏斗顶端游戏”。他还预计2022年全年业绩将比2021年更强劲。</blockquote></p><p> Second-quarter results and third-quarter guidance are still uncertain and any disappointment could be a \"clearing event\" ahead of a rebound in the fourth quarter, according to Mitchelson.</p><p><blockquote>米切尔森表示，第二季度业绩和第三季度指引仍不确定，任何失望都可能是第四季度反弹之前的“清算事件”。</blockquote></p><p> Shares of Netflix at last check were 1.7% higher $527.14.</p><p><blockquote>截至上次检查，Netflix股价上涨1.7%，达到527.14美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/abf3270957252db3a40ff3b8f395e66d\" tg-width=\"712\" tg-height=\"530\"></p><p><blockquote></blockquote></p><p> Earlier this month, Netflix and&nbsp;Amblin Partners, the film and television studio led by Steven Spielberg, raised the curtain ona partnership.&nbsp;In the deal, the Hollywood director's company will produce multiple films a year for the Los Gatos, Calif., streaming giant.</p><p><blockquote>本月早些时候，网飞和史蒂文·斯皮尔伯格领导的电影电视工作室Amblin Partners拉开了合作伙伴关系的帷幕。根据协议，这位好莱坞导演的公司将每年为这家位于加州洛斯加托斯的流媒体巨头制作多部电影。</blockquote></p><p> Spielberg, the Oscar-winning director of \"Schindler's&nbsp;List,\" \"Jurassic Park\" and \"Saving Private Ryan,\" will continue to direct movies for Comcast's&nbsp;(<b>CMCSA</b>) -Get ReportUniversal Pictures as part of a separate deal.</p><p><blockquote>曾执导过《辛德勒的名单》、《侏罗纪公园》和《拯救大兵瑞恩》的奥斯卡获奖导演斯皮尔伯格将继续为康卡斯特（<b>CMCSA</b>)-作为单独交易的一部分获取ReportUniversal Pictures。</blockquote></p><p> Earlier this month, Netflix launched Netflix.shop, whichwill sell curatedproducts including apparel, toys and games.</p><p><blockquote>本月早些时候，Netflix推出了Netflix.shop，将销售包括服装、玩具和游戏在内的精选产品。</blockquote></p><p></p>","source":"lsy1610613172068","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>Netflix Rises as Credit Suisse Sees Subscriber Growth Normalizing<blockquote>瑞士信贷认为用户增长正常化，Netflix股价上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNetflix Rises as Credit Suisse Sees Subscriber Growth Normalizing<blockquote>瑞士信贷认为用户增长正常化，Netflix股价上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-06-25 22:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscriber growth to normalize.  Shares of Netflix&nbsp;(<b>NFLX</b>) were higher on Friday after the video-streaming service was upgraded to outperform from neutral by analysts at Credit Suisse.</p><p><blockquote>瑞士信贷将Netflix的评级上调至跑赢大盘，目标价为586美元，预计用户增长将正常化。Netflix股票（<b>NFLX</b>）周五走高，此前瑞士信贷分析师将该视频流媒体服务从中性上调至跑赢大盘。</blockquote></p><p> The investment firm's analysts say they expect subscriber growth to normalize in the fourth quarter. A survey by the firm among U.S. customers reinforced the platform's competitive position and high user satisfaction, CS said.</p><p><blockquote>该投资公司的分析师表示，他们预计用户增长将在第四季度恢复正常。CS表示，该公司对美国客户的一项调查加强了该平台的竞争地位和高用户满意度。</blockquote></p><p> <b>Jon Markman on Real Money Picks Stocks for the Digital Future</b></p><p><blockquote><b>乔恩·马克曼(Jon Markman)谈Real Money为数字未来挑选股票</b></blockquote></p><p> Analysts maintained their $586 price target while saying the stock is at a favorable entry point and attractive absolute valuation.</p><p><blockquote>分析师维持586美元的目标价，同时表示该股处于有利的切入点和有吸引力的绝对估值。</blockquote></p><p> The firm sees a strong August to December pipeline on releases with \"numerous potential top-of-funnel titles,\" according to analyst Douglas Mitchelson. He also expects a stronger full-year slate in 2022 vs 2021.</p><p><blockquote>分析师道格拉斯·米切尔森(Douglas Mitchelson)表示，该公司预计8月至12月的发行渠道将强劲，其中包括“众多潜在的漏斗顶端游戏”。他还预计2022年全年业绩将比2021年更强劲。</blockquote></p><p> Second-quarter results and third-quarter guidance are still uncertain and any disappointment could be a \"clearing event\" ahead of a rebound in the fourth quarter, according to Mitchelson.</p><p><blockquote>米切尔森表示，第二季度业绩和第三季度指引仍不确定，任何失望都可能是第四季度反弹之前的“清算事件”。</blockquote></p><p> Shares of Netflix at last check were 1.7% higher $527.14.</p><p><blockquote>截至上次检查，Netflix股价上涨1.7%，达到527.14美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/abf3270957252db3a40ff3b8f395e66d\" tg-width=\"712\" tg-height=\"530\"></p><p><blockquote></blockquote></p><p> Earlier this month, Netflix and&nbsp;Amblin Partners, the film and television studio led by Steven Spielberg, raised the curtain ona partnership.&nbsp;In the deal, the Hollywood director's company will produce multiple films a year for the Los Gatos, Calif., streaming giant.</p><p><blockquote>本月早些时候，网飞和史蒂文·斯皮尔伯格领导的电影电视工作室Amblin Partners拉开了合作伙伴关系的帷幕。根据协议，这位好莱坞导演的公司将每年为这家位于加州洛斯加托斯的流媒体巨头制作多部电影。</blockquote></p><p> Spielberg, the Oscar-winning director of \"Schindler's&nbsp;List,\" \"Jurassic Park\" and \"Saving Private Ryan,\" will continue to direct movies for Comcast's&nbsp;(<b>CMCSA</b>) -Get ReportUniversal Pictures as part of a separate deal.</p><p><blockquote>曾执导过《辛德勒的名单》、《侏罗纪公园》和《拯救大兵瑞恩》的奥斯卡获奖导演斯皮尔伯格将继续为康卡斯特（<b>CMCSA</b>)-作为单独交易的一部分获取ReportUniversal Pictures。</blockquote></p><p> Earlier this month, Netflix launched Netflix.shop, whichwill sell curatedproducts including apparel, toys and games.</p><p><blockquote>本月早些时候，Netflix推出了Netflix.shop，将销售包括服装、玩具和游戏在内的精选产品。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/netflix-climbs-on-credit-suisse-upgrade-to-outperform\">The Street</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":{"NFLX":"奈飞"},"source_url":"https://www.thestreet.com/investing/netflix-climbs-on-credit-suisse-upgrade-to-outperform","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119853713","content_text":"Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscriber growth to normalize.\n\nShares of Netflix (NFLX) were higher on Friday after the video-streaming service was upgraded to outperform from neutral by analysts at Credit Suisse.\nThe investment firm's analysts say they expect subscriber growth to normalize in the fourth quarter. A survey by the firm among U.S. customers reinforced the platform's competitive position and high user satisfaction, CS said.\nJon Markman on Real Money Picks Stocks for the Digital Future\nAnalysts maintained their $586 price target while saying the stock is at a favorable entry point and attractive absolute valuation.\nThe firm sees a strong August to December pipeline on releases with \"numerous potential top-of-funnel titles,\" according to analyst Douglas Mitchelson. He also expects a stronger full-year slate in 2022 vs 2021.\nSecond-quarter results and third-quarter guidance are still uncertain and any disappointment could be a \"clearing event\" ahead of a rebound in the fourth quarter, according to Mitchelson.\nShares of Netflix at last check were 1.7% higher $527.14.\n\nEarlier this month, Netflix and Amblin Partners, the film and television studio led by Steven Spielberg, raised the curtain ona partnership. In the deal, the Hollywood director's company will produce multiple films a year for the Los Gatos, Calif., streaming giant.\nSpielberg, the Oscar-winning director of \"Schindler's List,\" \"Jurassic Park\" and \"Saving Private Ryan,\" will continue to direct movies for Comcast's (CMCSA) -Get ReportUniversal Pictures as part of a separate deal.\nEarlier this month, Netflix launched Netflix.shop, whichwill sell curatedproducts including apparel, toys and games.","news_type":1,"symbols_score_info":{"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":2786,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":125904925,"gmtCreate":1624639219767,"gmtModify":1631889172568,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582197396832487","idStr":"3582197396832487"},"themes":[],"htmlText":"like and comment","listText":"like and comment","text":"like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/125904925","repostId":"1119853713","repostType":4,"repost":{"id":"1119853713","kind":"news","pubTimestamp":1624631902,"share":"https://www.laohu8.com/m/news/1119853713?lang=zh_CN&edition=full","pubTime":"2021-06-25 22:38","market":"us","language":"en","title":"Netflix Rises as Credit Suisse Sees Subscriber Growth Normalizing<blockquote>瑞士信贷认为用户增长正常化，Netflix股价上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1119853713","media":"The Street","summary":"Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscrib","content":"<p>  Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscriber growth to normalize.  Shares of Netflix&nbsp;(<b>NFLX</b>) were higher on Friday after the video-streaming service was upgraded to outperform from neutral by analysts at Credit Suisse.</p><p><blockquote>瑞士信贷将Netflix的评级上调至跑赢大盘，目标价为586美元，预计用户增长将正常化。Netflix股票（<b>NFLX</b>）周五走高，此前瑞士信贷分析师将该视频流媒体服务从中性上调至跑赢大盘。</blockquote></p><p> The investment firm's analysts say they expect subscriber growth to normalize in the fourth quarter. A survey by the firm among U.S. customers reinforced the platform's competitive position and high user satisfaction, CS said.</p><p><blockquote>该投资公司的分析师表示，他们预计用户增长将在第四季度恢复正常。CS表示，该公司对美国客户的一项调查加强了该平台的竞争地位和高用户满意度。</blockquote></p><p> <b>Jon Markman on Real Money Picks Stocks for the Digital Future</b></p><p><blockquote><b>乔恩·马克曼(Jon Markman)谈Real Money为数字未来挑选股票</b></blockquote></p><p> Analysts maintained their $586 price target while saying the stock is at a favorable entry point and attractive absolute valuation.</p><p><blockquote>分析师维持586美元的目标价，同时表示该股处于有利的切入点和有吸引力的绝对估值。</blockquote></p><p> The firm sees a strong August to December pipeline on releases with \"numerous potential top-of-funnel titles,\" according to analyst Douglas Mitchelson. He also expects a stronger full-year slate in 2022 vs 2021.</p><p><blockquote>分析师道格拉斯·米切尔森(Douglas Mitchelson)表示，该公司预计8月至12月的发行渠道将强劲，其中包括“众多潜在的漏斗顶端游戏”。他还预计2022年全年业绩将比2021年更强劲。</blockquote></p><p> Second-quarter results and third-quarter guidance are still uncertain and any disappointment could be a \"clearing event\" ahead of a rebound in the fourth quarter, according to Mitchelson.</p><p><blockquote>米切尔森表示，第二季度业绩和第三季度指引仍不确定，任何失望都可能是第四季度反弹之前的“清算事件”。</blockquote></p><p> Shares of Netflix at last check were 1.7% higher $527.14.</p><p><blockquote>截至上次检查，Netflix股价上涨1.7%，达到527.14美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/abf3270957252db3a40ff3b8f395e66d\" tg-width=\"712\" tg-height=\"530\"></p><p><blockquote></blockquote></p><p> Earlier this month, Netflix and&nbsp;Amblin Partners, the film and television studio led by Steven Spielberg, raised the curtain ona partnership.&nbsp;In the deal, the Hollywood director's company will produce multiple films a year for the Los Gatos, Calif., streaming giant.</p><p><blockquote>本月早些时候，网飞和史蒂文·斯皮尔伯格领导的电影电视工作室Amblin Partners拉开了合作伙伴关系的帷幕。根据协议，这位好莱坞导演的公司将每年为这家位于加州洛斯加托斯的流媒体巨头制作多部电影。</blockquote></p><p> Spielberg, the Oscar-winning director of \"Schindler's&nbsp;List,\" \"Jurassic Park\" and \"Saving Private Ryan,\" will continue to direct movies for Comcast's&nbsp;(<b>CMCSA</b>) -Get ReportUniversal Pictures as part of a separate deal.</p><p><blockquote>曾执导过《辛德勒的名单》、《侏罗纪公园》和《拯救大兵瑞恩》的奥斯卡获奖导演斯皮尔伯格将继续为康卡斯特（<b>CMCSA</b>)-作为单独交易的一部分获取ReportUniversal Pictures。</blockquote></p><p> Earlier this month, Netflix launched Netflix.shop, whichwill sell curatedproducts including apparel, toys and games.</p><p><blockquote>本月早些时候，Netflix推出了Netflix.shop，将销售包括服装、玩具和游戏在内的精选产品。</blockquote></p><p></p>","source":"lsy1610613172068","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>Netflix Rises as Credit Suisse Sees Subscriber Growth Normalizing<blockquote>瑞士信贷认为用户增长正常化，Netflix股价上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNetflix Rises as Credit Suisse Sees Subscriber Growth Normalizing<blockquote>瑞士信贷认为用户增长正常化，Netflix股价上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-06-25 22:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscriber growth to normalize.  Shares of Netflix&nbsp;(<b>NFLX</b>) were higher on Friday after the video-streaming service was upgraded to outperform from neutral by analysts at Credit Suisse.</p><p><blockquote>瑞士信贷将Netflix的评级上调至跑赢大盘，目标价为586美元，预计用户增长将正常化。Netflix股票（<b>NFLX</b>）周五走高，此前瑞士信贷分析师将该视频流媒体服务从中性上调至跑赢大盘。</blockquote></p><p> The investment firm's analysts say they expect subscriber growth to normalize in the fourth quarter. A survey by the firm among U.S. customers reinforced the platform's competitive position and high user satisfaction, CS said.</p><p><blockquote>该投资公司的分析师表示，他们预计用户增长将在第四季度恢复正常。CS表示，该公司对美国客户的一项调查加强了该平台的竞争地位和高用户满意度。</blockquote></p><p> <b>Jon Markman on Real Money Picks Stocks for the Digital Future</b></p><p><blockquote><b>乔恩·马克曼(Jon Markman)谈Real Money为数字未来挑选股票</b></blockquote></p><p> Analysts maintained their $586 price target while saying the stock is at a favorable entry point and attractive absolute valuation.</p><p><blockquote>分析师维持586美元的目标价，同时表示该股处于有利的切入点和有吸引力的绝对估值。</blockquote></p><p> The firm sees a strong August to December pipeline on releases with \"numerous potential top-of-funnel titles,\" according to analyst Douglas Mitchelson. He also expects a stronger full-year slate in 2022 vs 2021.</p><p><blockquote>分析师道格拉斯·米切尔森(Douglas Mitchelson)表示，该公司预计8月至12月的发行渠道将强劲，其中包括“众多潜在的漏斗顶端游戏”。他还预计2022年全年业绩将比2021年更强劲。</blockquote></p><p> Second-quarter results and third-quarter guidance are still uncertain and any disappointment could be a \"clearing event\" ahead of a rebound in the fourth quarter, according to Mitchelson.</p><p><blockquote>米切尔森表示，第二季度业绩和第三季度指引仍不确定，任何失望都可能是第四季度反弹之前的“清算事件”。</blockquote></p><p> Shares of Netflix at last check were 1.7% higher $527.14.</p><p><blockquote>截至上次检查，Netflix股价上涨1.7%，达到527.14美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/abf3270957252db3a40ff3b8f395e66d\" tg-width=\"712\" tg-height=\"530\"></p><p><blockquote></blockquote></p><p> Earlier this month, Netflix and&nbsp;Amblin Partners, the film and television studio led by Steven Spielberg, raised the curtain ona partnership.&nbsp;In the deal, the Hollywood director's company will produce multiple films a year for the Los Gatos, Calif., streaming giant.</p><p><blockquote>本月早些时候，网飞和史蒂文·斯皮尔伯格领导的电影电视工作室Amblin Partners拉开了合作伙伴关系的帷幕。根据协议，这位好莱坞导演的公司将每年为这家位于加州洛斯加托斯的流媒体巨头制作多部电影。</blockquote></p><p> Spielberg, the Oscar-winning director of \"Schindler's&nbsp;List,\" \"Jurassic Park\" and \"Saving Private Ryan,\" will continue to direct movies for Comcast's&nbsp;(<b>CMCSA</b>) -Get ReportUniversal Pictures as part of a separate deal.</p><p><blockquote>曾执导过《辛德勒的名单》、《侏罗纪公园》和《拯救大兵瑞恩》的奥斯卡获奖导演斯皮尔伯格将继续为康卡斯特（<b>CMCSA</b>)-作为单独交易的一部分获取ReportUniversal Pictures。</blockquote></p><p> Earlier this month, Netflix launched Netflix.shop, whichwill sell curatedproducts including apparel, toys and games.</p><p><blockquote>本月早些时候，Netflix推出了Netflix.shop，将销售包括服装、玩具和游戏在内的精选产品。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/netflix-climbs-on-credit-suisse-upgrade-to-outperform\">The Street</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":{"NFLX":"奈飞"},"source_url":"https://www.thestreet.com/investing/netflix-climbs-on-credit-suisse-upgrade-to-outperform","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119853713","content_text":"Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscriber growth to normalize.\n\nShares of Netflix (NFLX) were higher on Friday after the video-streaming service was upgraded to outperform from neutral by analysts at Credit Suisse.\nThe investment firm's analysts say they expect subscriber growth to normalize in the fourth quarter. A survey by the firm among U.S. customers reinforced the platform's competitive position and high user satisfaction, CS said.\nJon Markman on Real Money Picks Stocks for the Digital Future\nAnalysts maintained their $586 price target while saying the stock is at a favorable entry point and attractive absolute valuation.\nThe firm sees a strong August to December pipeline on releases with \"numerous potential top-of-funnel titles,\" according to analyst Douglas Mitchelson. He also expects a stronger full-year slate in 2022 vs 2021.\nSecond-quarter results and third-quarter guidance are still uncertain and any disappointment could be a \"clearing event\" ahead of a rebound in the fourth quarter, according to Mitchelson.\nShares of Netflix at last check were 1.7% higher $527.14.\n\nEarlier this month, Netflix and Amblin Partners, the film and television studio led by Steven Spielberg, raised the curtain ona partnership. In the deal, the Hollywood director's company will produce multiple films a year for the Los Gatos, Calif., streaming giant.\nSpielberg, the Oscar-winning director of \"Schindler's List,\" \"Jurassic Park\" and \"Saving Private Ryan,\" will continue to direct movies for Comcast's (CMCSA) -Get ReportUniversal Pictures as part of a separate deal.\nEarlier this month, Netflix launched Netflix.shop, whichwill sell curatedproducts including apparel, toys and games.","news_type":1,"symbols_score_info":{"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":1614,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126747242,"gmtCreate":1624586214686,"gmtModify":1631889172571,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582197396832487","idStr":"3582197396832487"},"themes":[],"htmlText":"like pls. Thanks&nbsp;","listText":"like pls. Thanks&nbsp;","text":"like pls. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/126747242","repostId":"2146256160","repostType":4,"isVote":1,"tweetType":1,"viewCount":1837,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123815212,"gmtCreate":1624415473536,"gmtModify":1631889172579,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582197396832487","idStr":"3582197396832487"},"themes":[],"htmlText":"hello","listText":"hello","text":"hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/123815212","repostId":"1156381928","repostType":4,"isVote":1,"tweetType":1,"viewCount":2538,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120234786,"gmtCreate":1624324314445,"gmtModify":1631889172578,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582197396832487","idStr":"3582197396832487"},"themes":[],"htmlText":"please like and comment. &nbsp;Thanks","listText":"please like and comment. &nbsp;Thanks","text":"please like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/120234786","repostId":"1165462665","repostType":4,"repost":{"id":"1165462665","kind":"news","pubTimestamp":1624322927,"share":"https://www.laohu8.com/m/news/1165462665?lang=zh_CN&edition=full","pubTime":"2021-06-22 08:48","market":"us","language":"en","title":"Evergrande Fights Short Sellers With $400 Million Asset Sale<blockquote>恒大以4亿美元资产出售对抗卖空者</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1165462665","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group is giving short sellers a run for their money.\nOn a day when t","content":"<p>(Bloomberg) -- China Evergrande Group is giving short sellers a run for their money.</p><p><blockquote>（彭博社）——中国恒大集团正在与卖空者展开竞争。</blockquote></p><p> On a day when the developer sank to a four-year low, a long-standing supporter of billionaire founder Hui Ka Yan swooped in to buy a stake in one of his property units that could release almost $400 million for the debt-ridden conglomerate.</p><p><blockquote>在这家开发商跌至四年低点的一天，亿万富翁创始人许家印的一位长期支持者突然买入了他的一个房地产部门的股份，这可能为这家负债累累的企业集团释放近4亿美元。</blockquote></p><p> Shares in the world’s most indebted property developer surged 9% on Monday, the most since January, from the day’s low, squeezing investors who have heaped on bets against the firm.</p><p><blockquote>这家全球负债最重的房地产开发商的股价周一从当日低点飙升9%，为1月份以来的最高水平，挤压了大量做空该公司的投资者。</blockquote></p><p> The move to sell shares in a Hangzhou unit to a company controlled by Wang Zhongming, a repeated investor in Hui’s operations, is Evergrande’s latest effort to tap deep-pocketed friends for financial support. The firm might need to dispose of more assets to raise funds and meet so-called three red lines -- regulations to curb developers’ debt, Bloomberg Intelligence analysts led by Daniel Fan wrote in a note.</p><p><blockquote>恒大将杭州一家子公司的股份出售给王忠明控制的一家公司，是恒大寻求财力雄厚的朋友提供资金支持的最新举措。王忠明曾多次投资惠氏的业务。以丹尼尔·范为首的彭博资讯分析师在一份报告中写道，该公司可能需要处置更多资产来筹集资金并满足所谓的三条红线——遏制开发商债务的法规。</blockquote></p><p> Key major assets that could be monetized include Evergrande’s tourism property, new electric vehicle, property services and the Fangchebao online sales platform, said Fan, adding that they could be worth more than 700 billion yuan ($108 billion).</p><p><blockquote>范说，可以变现的主要资产包括恒大的旅游地产、新型电动汽车、物业服务和房车宝在线销售平台，并补充说它们的价值可能超过7000亿元人民币（1080亿美元）。</blockquote></p><p> “This once again shows the paramount important role Evergrande’s friends play in its business operations,” said Maggie Hu, assistant professor of real estate and finance at Chinese University of Hong Kong. “Evergrande always count on them for fighting against this kind of liquidity crisis.”</p><p><blockquote>香港中文大学房地产与金融学助理教授Maggie Hu表示：“这再次表明恒大的朋友在其业务运营中发挥着至关重要的作用。”“恒大一直依靠他们来对抗这种流动性危机。”</blockquote></p><p> Evergrande shares closed at HK$10.80 in Hong Kong, after earlier falling as much as 1.8% to the lowest since May 2017.</p><p><blockquote>恒大股价在香港收于10.80港元，此前曾一度下跌1.8%，至2017年5月以来的最低水平。</blockquote></p><p> It plans to sell 29.9% of its stake in China Calxon Group Co. to a company controlled by Wang. The shares were valued at 2.5 billion yuan at the most recent close, according to data compiled by Bloomberg. Evergrande’s wholly owned unit Kailong Real Estate will hold 27.85% of the Hangzhou developer upon finalizing the deal, and will give up its voting rights in the remaining shares.</p><p><blockquote>该公司计划将其所持中国卡尔克森集团有限公司29.9%的股份出售给王控制的一家公司。根据彭博汇编的数据，截至最近收盘，该股估值为25亿元人民币。交易完成后，恒大全资子公司凯龙地产将持有这家杭州开发商27.85%的股份，并将放弃剩余股份的投票权。</blockquote></p><p> Multiple calls to Shenzhen Huajian went unanswered.</p><p><blockquote>多次向深华健评级均无人接听。</blockquote></p><p> Wang, whose businesses span from real estate to agriculture and finance, has long been an investor in Evergrande businesses. The Calxon stake buyer, Shenzhen Huajian Holdings, was also a strategic investor of Evergrande’s onshore division known as Hengda Real Estate. The unit had planned to go public in China and later triggered a liquidity scare when it failed to do so.</p><p><blockquote>王的业务范围从房地产到农业和金融，长期以来一直是恒大业务的投资者。Calxon股权买家深圳华建控股也是恒大在岸部门恒大地产的战略投资者。该部门曾计划在中国上市，但后来因未能上市而引发了流动性恐慌。</blockquote></p><p> Huajian put 5 billion yuan into Hengda in December 2016 as a first-round investor. Another firm backed by Wang invested 3.5 billion yuan in May 2017 as a second-round investor for the failed listing.</p><p><blockquote>华建于2016年12月作为首轮投资者向恒达注资50亿元。2017年5月，王支持的另一家公司作为失败上市的第二轮投资者投资了35亿元人民币。</blockquote></p><p> Wang’s Shenzhen Greenwoods Investment Group has 80 billion yuan in assets that include the mineral water, grain and oil businesses that were sold by Evergrande, its website shows. Greenwoods also invested 5 billion yuan in Evergrande’s electric-vehicle maker.</p><p><blockquote>其网站显示，王的深圳绿林投资集团拥有800亿元人民币的资产，其中包括被恒大出售的矿泉水、粮油业务。Greenwoods还向恒大电动汽车制造商投资了50亿元人民币。</blockquote></p><p> Evergrande’s liabilities including dollar bonds, bank loans and down payments from homebuyers swelled to 1.95 trillion yuan at the end of last year, about 77% of which were due within 12 months, according to its annual report. The firm plans to repay its $1.47 billion offshore bond maturing next Monday this week, Reuters reported Monday, citing an unidentified person.</p><p><blockquote>恒大年报显示，去年底，包括美元债券、银行贷款和购房者首付在内的负债增至1.95万亿元人民币，其中约77%的负债将在12个月内到期。路透社周一援引一位身份不明的人士的话报道称，该公司计划本周偿还下周一到期的14.7亿美元离岸债券。</blockquote></p><p> Most of the property firm’s long-dated dollar bonds were slightly higher Tuesday morning. Its 10.5% dollar bond due April 2024 rose 0.1 cent to 79.3 cents after climbing 1.4 cents on Monday, the biggest gain in six months.</p><p><blockquote>周二上午，该房地产公司的大多数长期美元债券小幅走高。其2024年4月到期的10.5%美元债券继周一上涨1.4美分后上涨0.1美分至79.3美分，创六个月来最大涨幅。</blockquote></p><p> Evergrande’s affiliates also rallied Monday. Real estate management unit Evergrande Property Services Group Ltd. closed 7.3% higher, the biggest gain in a month. Internet unit HengTen Networks Group Ltd. gained 11%, the most in more than five weeks.</p><p><blockquote>恒大的附属公司周一也上涨。房地产管理部门恒大物业服务集团有限公司收盘上涨7.3%，创一个月来最大涨幅。互联网子公司恒腾网络集团有限公司(HengTen Networks Group Ltd.)上涨11%，为五周多来最大涨幅。</blockquote></p><p> Some investors are betting on a short-term rebound in Evergrande shares after they lost more than 40% from their January high, Castor Pang, head of research at Core Pacific Yamaichi, said by phone.</p><p><blockquote>Core Pacific Yamaichi研究主管Castor Pang在电话中表示，在恒大股价较1月份高点下跌超过40%后，一些投资者押注恒大股价短期反弹。</blockquote></p><p> Short Interest</p><p><blockquote>空头利息</blockquote></p><p> Short interest in Evergrande has surged threefold in three weeks. It reached 22.8% of the company’s free float as of Thursday, the highest level since September 2018, data compiled by IHS Markit and Bloomberg show.</p><p><blockquote>恒大的空头兴趣在三周内激增了三倍。IHS Markit和彭博社汇编的数据显示，截至周四，该公司自由流通量达到22.8%，为2018年9月以来的最高水平。</blockquote></p><p> There are so few Evergrande shares readily available that traders would need about 22 days to cover their bearish bets -- or buy back borrowed stock to close out an open short position. That increases the risk of a short squeeze, when hedge funds are forced to liquidate their positions at increasingly higher prices.</p><p><blockquote>可获得的恒大股票如此之少，以至于交易者需要大约22天的时间来弥补他们的看跌押注，或者回购借入的股票以平仓未平仓的空头头寸。当对冲基金被迫以越来越高的价格平仓时，这增加了空头挤压的风险。</blockquote></p><p> The developer has also resumed its favored tactic of repurchasing shares to force bearish speculators out of their positions. It spent about HK$529 million on buybacks since June 7, according to Bloomberg calculations.</p><p><blockquote>该开发商还恢复了其青睐的回购股票策略，以迫使看跌投机者退出头寸。据彭博社计算，自6月7日以来，该公司已斥资约5.29亿港元进行回购。</blockquote></p><p> Worries over Evergrande’s future have grown in recent weeks after affiliates missed payments and Caixin Media’s WeNews reported that regulators are looking into Evergrande’s ties to Shengjing Bank Co. in northern China.</p><p><blockquote>最近几周，在关联公司拖欠付款以及财新传媒WeNews报道称监管机构正在调查恒大与中国北方盛京银行股份有限公司的关系后，人们对恒大未来的担忧加剧。</blockquote></p><p></p><p> The selloff worsened after WeNews reported last week that a local government discussed with Evergrande about paring its stake in Shengjing Bank, and the banking watchdog said it would curb a key source of financing for developers to control risk.</p><p><blockquote>WeNews上周报道称，当地政府与恒大讨论减持盛京银行股份，银行业监管机构表示将遏制开发商控制风险的一个关键融资来源，此后抛售加剧。</blockquote></p><p> “Evergrande may buy time with a combination of rollover, new investment, and capital market access,” said Brock Silvers, chief investment officer at Kaiyuan Capital in Hong Kong. “Friendly investment from white knight pals of the chairman have helped in the past, but ultimately won’t save the company.”</p><p><blockquote>香港开源资本首席投资官布洛克·西尔弗斯表示：“恒大可能会通过展期、新投资和资本市场准入的结合来赢得时间。”“董事长的白衣骑士朋友的友好投资过去有所帮助，但最终无法拯救公司。”</blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nEvergrande Fights Short Sellers With $400 Million Asset Sale<blockquote>恒大以4亿美元资产出售对抗卖空者</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2021-06-22 08:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Bloomberg) -- China Evergrande Group is giving short sellers a run for their money.</p><p><blockquote>（彭博社）——中国恒大集团正在与卖空者展开竞争。</blockquote></p><p> On a day when the developer sank to a four-year low, a long-standing supporter of billionaire founder Hui Ka Yan swooped in to buy a stake in one of his property units that could release almost $400 million for the debt-ridden conglomerate.</p><p><blockquote>在这家开发商跌至四年低点的一天，亿万富翁创始人许家印的一位长期支持者突然买入了他的一个房地产部门的股份，这可能为这家负债累累的企业集团释放近4亿美元。</blockquote></p><p> Shares in the world’s most indebted property developer surged 9% on Monday, the most since January, from the day’s low, squeezing investors who have heaped on bets against the firm.</p><p><blockquote>这家全球负债最重的房地产开发商的股价周一从当日低点飙升9%，为1月份以来的最高水平，挤压了大量做空该公司的投资者。</blockquote></p><p> The move to sell shares in a Hangzhou unit to a company controlled by Wang Zhongming, a repeated investor in Hui’s operations, is Evergrande’s latest effort to tap deep-pocketed friends for financial support. The firm might need to dispose of more assets to raise funds and meet so-called three red lines -- regulations to curb developers’ debt, Bloomberg Intelligence analysts led by Daniel Fan wrote in a note.</p><p><blockquote>恒大将杭州一家子公司的股份出售给王忠明控制的一家公司，是恒大寻求财力雄厚的朋友提供资金支持的最新举措。王忠明曾多次投资惠氏的业务。以丹尼尔·范为首的彭博资讯分析师在一份报告中写道，该公司可能需要处置更多资产来筹集资金并满足所谓的三条红线——遏制开发商债务的法规。</blockquote></p><p> Key major assets that could be monetized include Evergrande’s tourism property, new electric vehicle, property services and the Fangchebao online sales platform, said Fan, adding that they could be worth more than 700 billion yuan ($108 billion).</p><p><blockquote>范说，可以变现的主要资产包括恒大的旅游地产、新型电动汽车、物业服务和房车宝在线销售平台，并补充说它们的价值可能超过7000亿元人民币（1080亿美元）。</blockquote></p><p> “This once again shows the paramount important role Evergrande’s friends play in its business operations,” said Maggie Hu, assistant professor of real estate and finance at Chinese University of Hong Kong. “Evergrande always count on them for fighting against this kind of liquidity crisis.”</p><p><blockquote>香港中文大学房地产与金融学助理教授Maggie Hu表示：“这再次表明恒大的朋友在其业务运营中发挥着至关重要的作用。”“恒大一直依靠他们来对抗这种流动性危机。”</blockquote></p><p> Evergrande shares closed at HK$10.80 in Hong Kong, after earlier falling as much as 1.8% to the lowest since May 2017.</p><p><blockquote>恒大股价在香港收于10.80港元，此前曾一度下跌1.8%，至2017年5月以来的最低水平。</blockquote></p><p> It plans to sell 29.9% of its stake in China Calxon Group Co. to a company controlled by Wang. The shares were valued at 2.5 billion yuan at the most recent close, according to data compiled by Bloomberg. Evergrande’s wholly owned unit Kailong Real Estate will hold 27.85% of the Hangzhou developer upon finalizing the deal, and will give up its voting rights in the remaining shares.</p><p><blockquote>该公司计划将其所持中国卡尔克森集团有限公司29.9%的股份出售给王控制的一家公司。根据彭博汇编的数据，截至最近收盘，该股估值为25亿元人民币。交易完成后，恒大全资子公司凯龙地产将持有这家杭州开发商27.85%的股份，并将放弃剩余股份的投票权。</blockquote></p><p> Multiple calls to Shenzhen Huajian went unanswered.</p><p><blockquote>多次向深华健评级均无人接听。</blockquote></p><p> Wang, whose businesses span from real estate to agriculture and finance, has long been an investor in Evergrande businesses. The Calxon stake buyer, Shenzhen Huajian Holdings, was also a strategic investor of Evergrande’s onshore division known as Hengda Real Estate. The unit had planned to go public in China and later triggered a liquidity scare when it failed to do so.</p><p><blockquote>王的业务范围从房地产到农业和金融，长期以来一直是恒大业务的投资者。Calxon股权买家深圳华建控股也是恒大在岸部门恒大地产的战略投资者。该部门曾计划在中国上市，但后来因未能上市而引发了流动性恐慌。</blockquote></p><p> Huajian put 5 billion yuan into Hengda in December 2016 as a first-round investor. Another firm backed by Wang invested 3.5 billion yuan in May 2017 as a second-round investor for the failed listing.</p><p><blockquote>华建于2016年12月作为首轮投资者向恒达注资50亿元。2017年5月，王支持的另一家公司作为失败上市的第二轮投资者投资了35亿元人民币。</blockquote></p><p> Wang’s Shenzhen Greenwoods Investment Group has 80 billion yuan in assets that include the mineral water, grain and oil businesses that were sold by Evergrande, its website shows. Greenwoods also invested 5 billion yuan in Evergrande’s electric-vehicle maker.</p><p><blockquote>其网站显示，王的深圳绿林投资集团拥有800亿元人民币的资产，其中包括被恒大出售的矿泉水、粮油业务。Greenwoods还向恒大电动汽车制造商投资了50亿元人民币。</blockquote></p><p> Evergrande’s liabilities including dollar bonds, bank loans and down payments from homebuyers swelled to 1.95 trillion yuan at the end of last year, about 77% of which were due within 12 months, according to its annual report. The firm plans to repay its $1.47 billion offshore bond maturing next Monday this week, Reuters reported Monday, citing an unidentified person.</p><p><blockquote>恒大年报显示，去年底，包括美元债券、银行贷款和购房者首付在内的负债增至1.95万亿元人民币，其中约77%的负债将在12个月内到期。路透社周一援引一位身份不明的人士的话报道称，该公司计划本周偿还下周一到期的14.7亿美元离岸债券。</blockquote></p><p> Most of the property firm’s long-dated dollar bonds were slightly higher Tuesday morning. Its 10.5% dollar bond due April 2024 rose 0.1 cent to 79.3 cents after climbing 1.4 cents on Monday, the biggest gain in six months.</p><p><blockquote>周二上午，该房地产公司的大多数长期美元债券小幅走高。其2024年4月到期的10.5%美元债券继周一上涨1.4美分后上涨0.1美分至79.3美分，创六个月来最大涨幅。</blockquote></p><p> Evergrande’s affiliates also rallied Monday. Real estate management unit Evergrande Property Services Group Ltd. closed 7.3% higher, the biggest gain in a month. Internet unit HengTen Networks Group Ltd. gained 11%, the most in more than five weeks.</p><p><blockquote>恒大的附属公司周一也上涨。房地产管理部门恒大物业服务集团有限公司收盘上涨7.3%，创一个月来最大涨幅。互联网子公司恒腾网络集团有限公司(HengTen Networks Group Ltd.)上涨11%，为五周多来最大涨幅。</blockquote></p><p> Some investors are betting on a short-term rebound in Evergrande shares after they lost more than 40% from their January high, Castor Pang, head of research at Core Pacific Yamaichi, said by phone.</p><p><blockquote>Core Pacific Yamaichi研究主管Castor Pang在电话中表示，在恒大股价较1月份高点下跌超过40%后，一些投资者押注恒大股价短期反弹。</blockquote></p><p> Short Interest</p><p><blockquote>空头利息</blockquote></p><p> Short interest in Evergrande has surged threefold in three weeks. It reached 22.8% of the company’s free float as of Thursday, the highest level since September 2018, data compiled by IHS Markit and Bloomberg show.</p><p><blockquote>恒大的空头兴趣在三周内激增了三倍。IHS Markit和彭博社汇编的数据显示，截至周四，该公司自由流通量达到22.8%，为2018年9月以来的最高水平。</blockquote></p><p> There are so few Evergrande shares readily available that traders would need about 22 days to cover their bearish bets -- or buy back borrowed stock to close out an open short position. That increases the risk of a short squeeze, when hedge funds are forced to liquidate their positions at increasingly higher prices.</p><p><blockquote>可获得的恒大股票如此之少，以至于交易者需要大约22天的时间来弥补他们的看跌押注，或者回购借入的股票以平仓未平仓的空头头寸。当对冲基金被迫以越来越高的价格平仓时，这增加了空头挤压的风险。</blockquote></p><p> The developer has also resumed its favored tactic of repurchasing shares to force bearish speculators out of their positions. It spent about HK$529 million on buybacks since June 7, according to Bloomberg calculations.</p><p><blockquote>该开发商还恢复了其青睐的回购股票策略，以迫使看跌投机者退出头寸。据彭博社计算，自6月7日以来，该公司已斥资约5.29亿港元进行回购。</blockquote></p><p> Worries over Evergrande’s future have grown in recent weeks after affiliates missed payments and Caixin Media’s WeNews reported that regulators are looking into Evergrande’s ties to Shengjing Bank Co. in northern China.</p><p><blockquote>最近几周，在关联公司拖欠付款以及财新传媒WeNews报道称监管机构正在调查恒大与中国北方盛京银行股份有限公司的关系后，人们对恒大未来的担忧加剧。</blockquote></p><p></p><p> The selloff worsened after WeNews reported last week that a local government discussed with Evergrande about paring its stake in Shengjing Bank, and the banking watchdog said it would curb a key source of financing for developers to control risk.</p><p><blockquote>WeNews上周报道称，当地政府与恒大讨论减持盛京银行股份，银行业监管机构表示将遏制开发商控制风险的一个关键融资来源，此后抛售加剧。</blockquote></p><p> “Evergrande may buy time with a combination of rollover, new investment, and capital market access,” said Brock Silvers, chief investment officer at Kaiyuan Capital in Hong Kong. “Friendly investment from white knight pals of the chairman have helped in the past, but ultimately won’t save the company.”</p><p><blockquote>香港开源资本首席投资官布洛克·西尔弗斯表示：“恒大可能会通过展期、新投资和资本市场准入的结合来赢得时间。”“董事长的白衣骑士朋友的友好投资过去有所帮助，但最终无法拯救公司。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/evergrande-bounces-hitting-four-low-025344866.html\">Bloomberg</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-bounces-hitting-four-low-025344866.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165462665","content_text":"(Bloomberg) -- China Evergrande Group is giving short sellers a run for their money.\nOn a day when the developer sank to a four-year low, a long-standing supporter of billionaire founder Hui Ka Yan swooped in to buy a stake in one of his property units that could release almost $400 million for the debt-ridden conglomerate.\nShares in the world’s most indebted property developer surged 9% on Monday, the most since January, from the day’s low, squeezing investors who have heaped on bets against the firm.\nThe move to sell shares in a Hangzhou unit to a company controlled by Wang Zhongming, a repeated investor in Hui’s operations, is Evergrande’s latest effort to tap deep-pocketed friends for financial support. The firm might need to dispose of more assets to raise funds and meet so-called three red lines -- regulations to curb developers’ debt, Bloomberg Intelligence analysts led by Daniel Fan wrote in a note.\nKey major assets that could be monetized include Evergrande’s tourism property, new electric vehicle, property services and the Fangchebao online sales platform, said Fan, adding that they could be worth more than 700 billion yuan ($108 billion).\n“This once again shows the paramount important role Evergrande’s friends play in its business operations,” said Maggie Hu, assistant professor of real estate and finance at Chinese University of Hong Kong. “Evergrande always count on them for fighting against this kind of liquidity crisis.”\nEvergrande shares closed at HK$10.80 in Hong Kong, after earlier falling as much as 1.8% to the lowest since May 2017.\nIt plans to sell 29.9% of its stake in China Calxon Group Co. to a company controlled by Wang. The shares were valued at 2.5 billion yuan at the most recent close, according to data compiled by Bloomberg. Evergrande’s wholly owned unit Kailong Real Estate will hold 27.85% of the Hangzhou developer upon finalizing the deal, and will give up its voting rights in the remaining shares.\nMultiple calls to Shenzhen Huajian went unanswered.\nWang, whose businesses span from real estate to agriculture and finance, has long been an investor in Evergrande businesses. The Calxon stake buyer, Shenzhen Huajian Holdings, was also a strategic investor of Evergrande’s onshore division known as Hengda Real Estate. The unit had planned to go public in China and later triggered a liquidity scare when it failed to do so.\nHuajian put 5 billion yuan into Hengda in December 2016 as a first-round investor. Another firm backed by Wang invested 3.5 billion yuan in May 2017 as a second-round investor for the failed listing.\nWang’s Shenzhen Greenwoods Investment Group has 80 billion yuan in assets that include the mineral water, grain and oil businesses that were sold by Evergrande, its website shows. Greenwoods also invested 5 billion yuan in Evergrande’s electric-vehicle maker.\nEvergrande’s liabilities including dollar bonds, bank loans and down payments from homebuyers swelled to 1.95 trillion yuan at the end of last year, about 77% of which were due within 12 months, according to its annual report. The firm plans to repay its $1.47 billion offshore bond maturing next Monday this week, Reuters reported Monday, citing an unidentified person.\nMost of the property firm’s long-dated dollar bonds were slightly higher Tuesday morning. Its 10.5% dollar bond due April 2024 rose 0.1 cent to 79.3 cents after climbing 1.4 cents on Monday, the biggest gain in six months.\nEvergrande’s affiliates also rallied Monday. Real estate management unit Evergrande Property Services Group Ltd. closed 7.3% higher, the biggest gain in a month. Internet unit HengTen Networks Group Ltd. gained 11%, the most in more than five weeks.\nSome investors are betting on a short-term rebound in Evergrande shares after they lost more than 40% from their January high, Castor Pang, head of research at Core Pacific Yamaichi, said by phone.\nShort Interest\nShort interest in Evergrande has surged threefold in three weeks. It reached 22.8% of the company’s free float as of Thursday, the highest level since September 2018, data compiled by IHS Markit and Bloomberg show.\nThere are so few Evergrande shares readily available that traders would need about 22 days to cover their bearish bets -- or buy back borrowed stock to close out an open short position. That increases the risk of a short squeeze, when hedge funds are forced to liquidate their positions at increasingly higher prices.\nThe developer has also resumed its favored tactic of repurchasing shares to force bearish speculators out of their positions. It spent about HK$529 million on buybacks since June 7, according to Bloomberg calculations.\nWorries over Evergrande’s future have grown in recent weeks after affiliates missed payments and Caixin Media’s WeNews reported that regulators are looking into Evergrande’s ties to Shengjing Bank Co. in northern China.\nThe selloff worsened after WeNews reported last week that a local government discussed with Evergrande about paring its stake in Shengjing Bank, and the banking watchdog said it would curb a key source of financing for developers to control risk.\n“Evergrande may buy time with a combination of rollover, new investment, and capital market access,” said Brock Silvers, chief investment officer at Kaiyuan Capital in Hong Kong. “Friendly investment from white knight pals of the chairman have helped in the past, but ultimately won’t save the company.”","news_type":1,"symbols_score_info":{"03333":0.9}},"isVote":1,"tweetType":1,"viewCount":2186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166324376,"gmtCreate":1623993022595,"gmtModify":1631889172582,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582197396832487","idStr":"3582197396832487"},"themes":[],"htmlText":"comment and like","listText":"comment and like","text":"comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166324376","repostId":"1140460323","repostType":4,"isVote":1,"tweetType":1,"viewCount":1314,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166326721,"gmtCreate":1623992883263,"gmtModify":1631889172583,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582197396832487","idStr":"3582197396832487"},"themes":[],"htmlText":"NIO to the moon🚀","listText":"NIO to the moon🚀","text":"NIO to the moon🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166326721","repostId":"1148576248","repostType":4,"repost":{"id":"1148576248","kind":"news","pubTimestamp":1623979883,"share":"https://www.laohu8.com/m/news/1148576248?lang=zh_CN&edition=full","pubTime":"2021-06-18 09:31","market":"us","language":"en","title":"NIO Is Winning<blockquote>蔚来正在获胜</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1148576248","media":"seekingalpha","summary":"NIO is #1 in China's electric SUV market for good reason.The company's success is driven by its brilliant innovations and marketing strategy.NIO is growing faster than Tesla, and yet, it is trading at a discount.NIO Inc.  stands out for its strong market position- #1 market share in electric SUV in China- and innovation in the rapidly growing and highly competitive electric vehicle industry. This article will discuss why NIO is winning against some stiff competition, including against Tesla .In ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>NIO is #1 in China's electric SUV market for good reason.</li>  <li>The company's success is driven by its brilliant innovations and marketing strategy.</li>  <li>NIO is growing faster than Tesla, and yet, it is trading at a discount.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/790fae23b830463fec748d2deb2ce336\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>PonyWang/E+ via Getty Images</span></p><p><blockquote><ul><li>蔚来在中国电动SUV市场排名第一是有充分理由的。</li><li>该公司的成功是由其出色的创新和营销策略推动的。</li><li>蔚来的增长速度快于特斯拉，但它的交易价格却有折扣。</li></ul><p class=\"t-img-caption\"><span>PonyWang/E+来自Getty Images</span></p></blockquote></p><p> NIO Inc. (NYSE:NIO) stands out for its strong market position- #1 market share in electric SUV in China- and innovation in the rapidly growing and highly competitive electric vehicle industry. This article will discuss why NIO is winning against some stiff competition, including against Tesla (TSLA).</p><p><blockquote>蔚来（纽约证券交易所代码：蔚来）因其强大的市场地位——在中国电动SUV市场份额第一——以及在快速增长和竞争激烈的电动汽车行业的创新而脱颖而出。本文将讨论为什么蔚来在一些激烈的竞争中获胜，包括特斯拉(TSLA)。</blockquote></p><p> In addition, we will discuss NIO's business, financials, trading, valuation, and risks so readers could reach their own informed decision.</p><p><blockquote>此外，我们将讨论蔚来的业务、财务、交易、估值和风险，以便读者能够做出自己明智的决定。</blockquote></p><p> <b>Business: Why NIO Wins</b></p><p><blockquote><b>商业：蔚来为何获胜</b></blockquote></p><p> NIO positions itself in the premium SUV segment, focusing on smart EVs with a differentiated battery strategy.</p><p><blockquote>蔚来将自己定位于高端SUV领域，专注于智能电动汽车，采用差异化的电池策略。</blockquote></p><p> Delivered in March 2019, the company's first model, the ES8, is a luxury 7-seater SUV that is still the company's flagship product today. The ES8 is equipped with ADAS and AI system [NOMI] and is comparable to the BYD Song, Tesla Model X, the Audi Q7 45 e-Tron, etc.</p><p><blockquote>该公司的首款车型ES8于2019年3月交付，是一款豪华7座SUV，至今仍是该公司的旗舰产品。ES8配备ADAS和AI系统[NOMI]，可与比亚迪宋、特斯拉Model X、奥迪Q7 45 e-Tron等媲美。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/443e2773f70c00c6faac8ca063e978a5\" tg-width=\"640\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Leveraging the installed base and customer goodwill due to the highly successful ES8, NIO successfully launched the ES6 and EC6.Recently, the company launched the ET7, its first sedan.</p><p><blockquote>凭借ES8大获成功带来的装机量和客户好感，蔚来成功推出了ES6和EC6。近日，该公司推出了首款轿车ET7。</blockquote></p><p> Today, NIO is the top-selling brand in China's all-electric SUV market in April with a 23% market share, higher than Tesla's 17%, WM Motor and XPeng Motors'(NYSE:XPEV)7%, according to China Automotive Technology and Research Center data.</p><p><blockquote>根据中国汽车技术研究中心的数据，如今，蔚来以23%的市场份额成为4月份中国全电动SUV市场最畅销的品牌，高于特斯拉的17%、威马汽车和小鹏汽车（纽约证券交易所代码：XPEV）的7%。</blockquote></p><p> One of the biggest competitive differentiators is NIO'sbattery strategy, which all but eliminates range anxiety, one of the biggest barriers to mass EV adoption. Not only could NIO cars be charged at any charging station for EVs, but the company also built hundreds of battery swapping stations in key cities in China, with plans to expanding to Europe.</p><p><blockquote>最大的竞争优势之一是蔚来的电池战略，该战略几乎消除了里程焦虑，而里程焦虑是电动汽车大规模采用的最大障碍之一。蔚来汽车不仅可以在任何电动汽车充电站充电，而且该公司还在国内主要城市建设了数百个电池交换站，并计划扩展到欧洲。</blockquote></p><p> NIO's battery swapping strategy also gives the company the ability to offer a battery-as-a-service [BaaS] solution, which reduces the upfrontcostof purchasing an NIO vehicle by ~$11,000. Since cost is another major barrier to mass EV adoption, NIO's battery strategy appears brilliant as it solves both the range and cost problems.</p><p><blockquote>蔚来的电池交换战略还使该公司能够提供电池即服务[BaaS]解决方案，从而将购买蔚来汽车的前期成本降低约11,000美元。由于成本是电动汽车大规模采用的另一个主要障碍，蔚来的电池战略似乎很出色，因为它解决了续航里程和成本问题。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5b25fbb85bffd39310cd27cbb2bde57a\" tg-width=\"640\" tg-height=\"216\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Another differentiator is the NIO brand, which management created brilliantly by introducing the EP9 in 2016. Six EP9s have been sold to NIO investors for 2.5 million pounds, creating an aura of exclusivity and quality around the brand. Next, NIO targeted the mass-market luxury SUV segment with the ES8, firmly establishing the company as a luxury car OEM.</p><p><blockquote>另一个差异化因素是蔚来品牌，管理层在2016年推出了EP9，从而出色地创造了该品牌。六辆EP9已以250万英镑的价格出售给蔚来投资者，为该品牌营造了一种独特和品质的氛围。接下来，蔚来凭借ES8瞄准了大众市场豪华SUV细分市场，牢牢确立了该公司作为豪华汽车OEM的地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad41c960ce02f1e3f3e7575ac00beee0\" tg-width=\"640\" tg-height=\"350\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Chinese companies must struggle against the common perception that they make low-quality products. This is the same perception issue that Japanese companies faced following their defeat after WW2. Japan solved this problem by moving up the value chain as their economy matured and creating high-quality brands such as Sony(NYSE:SONY). Today, Japan is known for its craftsmanship.</p><p><blockquote>中国企业必须与人们普遍认为他们生产的产品质量低的看法作斗争。这与日本公司在二战后战败后面临的认知问题相同。随着经济的成熟，日本通过向价值链上游移动并创建索尼（纽约证券交易所代码：SONY）等高质量品牌来解决这个问题。今天，日本以其工艺而闻名。</blockquote></p><p> China is following the same trajectory, and NIO is one of the emerging brands destroying the perception that \"made in China\" equates to poor quality. I strongly believe that investors who stubbornly hold on to that old perception will miss out on investing in some of the greatest brands the world will ever see.</p><p><blockquote>中国也在遵循同样的轨迹，蔚来是摧毁“中国制造”等同于劣质观念的新兴品牌之一。我坚信，顽固坚持这种旧观念的投资者将错过投资世界上一些最伟大品牌的机会。</blockquote></p><p> Buying an NIO car means much more than just getting a vehicle; it means getting into an exclusive club of services and convenience. Benefits include access to hundreds of swapping stations, lifetime free roadside rescue (including charge vans), lifetime free cellular connectivity, lifetime free warranty, and excellent customer service. This is a powerful selling point for NIO, differentiating it from Tesla, which hasrecentlydeveloped a poor reputation on the customer service front in China.</p><p><blockquote>购买蔚来汽车不仅仅意味着获得一辆车；这意味着进入一个服务和便利的专属俱乐部。好处包括使用数百个交换站、终身免费路边救援（包括充电车）、终身免费蜂窝连接、终身免费保修和卓越的客户服务。这是蔚来的一个强大卖点，使其有别于特斯拉，后者最近在中国的客户服务方面名声不佳。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a73482aa0431694b760ab5c2d0aa6f53\" tg-width=\"640\" tg-height=\"211\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p></p><p> The company is pushing the envelope even further with&nbsp;NIO House, a literal clubhouse for customers, and&nbsp;NIO Life, which includes NIO branded lifestyle products. NIO's effort to build a lifestyle around its cars seems to be&nbsp;working. This is good news for investors because the only way to escape the competitive battlefield of automobile OEM is to sell services and lifestyles to customers. This is why Ferrari's (RACE) operating margin is well over 20%, while Ford (F) and General Motors (GM) are in the single digits.</p><p><blockquote>该公司正在进一步挑战极限，推出了蔚来之家（London House）（一个真正的顾客俱乐部会所）和蔚来人寿（Kenneth Life），其中包括蔚来品牌的生活方式产品。蔚来围绕汽车打造生活方式的努力似乎正在发挥作用。这对投资者来说是个好消息，因为逃离汽车代工竞争战场的唯一方法就是向客户推销服务和生活方式。这就是为什么法拉利(RACE)的营业利润率远高于20%，而福特(F)和通用汽车(GM)则为个位数。</blockquote></p><p> <b>Financials &amp; Valuation</b></p><p><blockquote><b>财务与估值</b></blockquote></p><p> NIO is in hyper-growth mode. In 2020, the company generated $2.5 billion in revenue, up 126% y/y. In 2021, the company is expected to grow 117% y/y to $5.4 billion.</p><p><blockquote>蔚来正处于高速增长模式。2020年，该公司实现收入25亿美元，同比增长126%。2021年，该公司预计将同比增长117%，达到54亿美元。</blockquote></p><p> The company is not yet profitable but is expected to be by 2022. Gross margin only turned positive in 2020 and is expected to be 19.3% in 2021. EBITDA is expected to be negative $258 million in 2021 and a positive $206 million in 2022. Free cash flow is expected to be negative $42 million in 2021 before turning to a positive $354 million in 2022.</p><p><blockquote>该公司尚未盈利，但预计到2022年将实现盈利。毛利率仅在2020年转正，预计2021年为19.3%。预计2021年EBITDA为负2.58亿美元，2022年为正2.06亿美元。预计2021年自由现金流将为负4200万美元，然后在2022年转为正3.54亿美元。</blockquote></p><p> However, despite the cash burn expected in 2021, investors should feel at ease since the company exited&nbsp;2020&nbsp;with $5.9 billion of cash and cash equivalents. Including $600 million in short-term investments and subtracting ~$2.1 billion in debt and operating leases and the expected negative free cash flow in 2021, NIO should exit 2021 with over $4 billion in net cash and investments. That is plenty of buffers since NIO is expected to generate positive free cash flow in 2022.</p><p><blockquote>然而，尽管预计2021年将出现现金消耗，但投资者应该感到放心，因为该公司在2020年退出时拥有59亿美元的现金和现金等价物。包括6亿美元的短期投资，减去约21亿美元的债务和经营租赁以及2021年预期的负自由现金流，蔚来在2021年退出时应拥有超过40亿美元的净现金和投资。这是足够的缓冲，因为蔚来预计将在2022年产生正的自由现金流。</blockquote></p><p> Since NIO is not yet profitable, we will look at the forward EV/Sales multiple as is typical for hyper-growth companies not yet generating a profit. The company went public in September 2018, trading at around 7 to 8 times EV/Sales, before bottoming out at around 0.7 times sales in May 2019. The market, however, caught the EV fever in April 2020 and sent NIO's valuation soaring to a peak of 14.6x by January 2021. After the growth sell-off we recently experienced, NIO is currently sitting at a much more reasonable 8 times forward sales. This is a significant discount to TSLA's 10.2 times forward EV/Sales despite growing twice as fast (TSLA is expected to grow revenues by 57% in 2021 compared to NIO's 117%).</p><p><blockquote>由于蔚来尚未盈利，我们将关注预期EV/销售额倍数，这对于尚未盈利的高速增长公司来说是典型的。该公司于2018年9月上市，交易价格约为EV/销售额的7至8倍，随后于2019年5月触底，约为销售额的0.7倍。然而，市场在2020年4月掀起了电动汽车热潮，到2021年1月，蔚来的估值飙升至14.6倍的峰值。在我们最近经历的增长抛售之后，蔚来目前的预期销售额为8倍，这要合理得多。尽管TSLA的增长速度是其两倍，但这与TSLA 10.2倍的预期EV/销售额相比仍有很大折扣（预计TSLA 2021年收入将增长57%，而蔚来为117%）。</blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> There are many risks associated with owning NIO.</p><p><blockquote>拥有蔚来有很多风险。</blockquote></p><p> Although its battery swapping strategy is highly differentiated and seems to be growing rapidly, the jury is still out on the ultimate market share of battery swapping or fast-charging infrastructure. If fast charging technology continues to advance significantly, it will likely erode a key advantage of battery swapping: speed.</p><p><blockquote>尽管其换电战略高度差异化，且似乎增长迅速，但换电或快充基础设施的最终市场份额仍未定论。如果快速充电技术继续大幅进步，很可能会侵蚀电池交换的一个关键优势：速度。</blockquote></p><p> NIO's business model is innovative and new. Unfortunately, the flip side of that is that it is untested, and NIO remains unprofitable. For many investors, NIO will remain a \"show me\" story until the profitability of its business model improves.</p><p><blockquote>蔚来的商业模式是创新和新的。不幸的是，另一方面是它未经测试，蔚来仍然没有盈利。对于许多投资者来说，在其商业模式的盈利能力改善之前，蔚来仍将是一个“向我展示”的故事。</blockquote></p><p> NIO's ability to expand globally may be limited by the rising geopolitical tension between China and the US, and to a lesser extent, with Japan and Europe. The geopolitical situation remains highly opaque and uncertain, and is a risk factor for all auto OEMs.</p><p><blockquote>蔚来在全球扩张的能力可能会受到中美之间地缘政治紧张局势加剧的限制，在较小程度上也会受到与日欧之间地缘政治紧张局势的限制。地缘政治局势仍然高度不透明和不确定，是所有汽车原始设备制造商的风险因素。</blockquote></p><p> Auto OEMs are currently facing a severe chip&nbsp;shortage. In addition, the chip density in automobiles is increasing, making the OEMs increasingly reliant on semiconductor suppliers and foundries.</p><p><blockquote>汽车主机厂目前正面临严重的芯片短缺。此外，汽车中的芯片密度正在增加，使得原始设备制造商越来越依赖半导体供应商和代工厂。</blockquote></p><p> NIO's competitive advantages may not overcome the massive scale advantage of ICE OEMs and much bigger EV players like Tesla and China's BYD.</p><p><blockquote>蔚来的竞争优势可能无法克服内燃机原始设备制造商以及特斯拉和比亚迪等更大的电动汽车制造商的巨大规模优势。</blockquote></p><p> <b>Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> NIO's technical and business model innovations make it a highly differentiated company in the exciting and rapidly growing EV market. The company is winning, and its competitive moat is getting bigger as its ecosystem of vehicles and services grows. Relative to the industry leader, Tesla, NIO's stock price seems like a bargain given its faster growth rate and lower multiples.</p><p><blockquote>蔚来的技术和商业模式创新使其在令人兴奋且快速增长的电动汽车市场中成为一家高度差异化的公司。该公司正在获胜，随着其车辆和服务生态系统的发展，其竞争护城河也越来越大。相对于行业领导者特斯拉，鉴于其更快的增长率和更低的市盈率，蔚来的股价似乎很便宜。</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>NIO Is Winning<blockquote>蔚来正在获胜</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\">\nNIO Is Winning<blockquote>蔚来正在获胜</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 09:31</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>NIO is #1 in China's electric SUV market for good reason.</li>  <li>The company's success is driven by its brilliant innovations and marketing strategy.</li>  <li>NIO is growing faster than Tesla, and yet, it is trading at a discount.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/790fae23b830463fec748d2deb2ce336\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>PonyWang/E+ via Getty Images</span></p><p><blockquote><ul><li>蔚来在中国电动SUV市场排名第一是有充分理由的。</li><li>该公司的成功是由其出色的创新和营销策略推动的。</li><li>蔚来的增长速度快于特斯拉，但它的交易价格却有折扣。</li></ul><p class=\"t-img-caption\"><span>PonyWang/E+来自Getty Images</span></p></blockquote></p><p> NIO Inc. (NYSE:NIO) stands out for its strong market position- #1 market share in electric SUV in China- and innovation in the rapidly growing and highly competitive electric vehicle industry. This article will discuss why NIO is winning against some stiff competition, including against Tesla (TSLA).</p><p><blockquote>蔚来（纽约证券交易所代码：蔚来）因其强大的市场地位——在中国电动SUV市场份额第一——以及在快速增长和竞争激烈的电动汽车行业的创新而脱颖而出。本文将讨论为什么蔚来在一些激烈的竞争中获胜，包括特斯拉(TSLA)。</blockquote></p><p> In addition, we will discuss NIO's business, financials, trading, valuation, and risks so readers could reach their own informed decision.</p><p><blockquote>此外，我们将讨论蔚来的业务、财务、交易、估值和风险，以便读者能够做出自己明智的决定。</blockquote></p><p> <b>Business: Why NIO Wins</b></p><p><blockquote><b>商业：蔚来为何获胜</b></blockquote></p><p> NIO positions itself in the premium SUV segment, focusing on smart EVs with a differentiated battery strategy.</p><p><blockquote>蔚来将自己定位于高端SUV领域，专注于智能电动汽车，采用差异化的电池策略。</blockquote></p><p> Delivered in March 2019, the company's first model, the ES8, is a luxury 7-seater SUV that is still the company's flagship product today. The ES8 is equipped with ADAS and AI system [NOMI] and is comparable to the BYD Song, Tesla Model X, the Audi Q7 45 e-Tron, etc.</p><p><blockquote>该公司的首款车型ES8于2019年3月交付，是一款豪华7座SUV，至今仍是该公司的旗舰产品。ES8配备ADAS和AI系统[NOMI]，可与比亚迪宋、特斯拉Model X、奥迪Q7 45 e-Tron等媲美。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/443e2773f70c00c6faac8ca063e978a5\" tg-width=\"640\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Leveraging the installed base and customer goodwill due to the highly successful ES8, NIO successfully launched the ES6 and EC6.Recently, the company launched the ET7, its first sedan.</p><p><blockquote>凭借ES8大获成功带来的装机量和客户好感，蔚来成功推出了ES6和EC6。近日，该公司推出了首款轿车ET7。</blockquote></p><p> Today, NIO is the top-selling brand in China's all-electric SUV market in April with a 23% market share, higher than Tesla's 17%, WM Motor and XPeng Motors'(NYSE:XPEV)7%, according to China Automotive Technology and Research Center data.</p><p><blockquote>根据中国汽车技术研究中心的数据，如今，蔚来以23%的市场份额成为4月份中国全电动SUV市场最畅销的品牌，高于特斯拉的17%、威马汽车和小鹏汽车（纽约证券交易所代码：XPEV）的7%。</blockquote></p><p> One of the biggest competitive differentiators is NIO'sbattery strategy, which all but eliminates range anxiety, one of the biggest barriers to mass EV adoption. Not only could NIO cars be charged at any charging station for EVs, but the company also built hundreds of battery swapping stations in key cities in China, with plans to expanding to Europe.</p><p><blockquote>最大的竞争优势之一是蔚来的电池战略，该战略几乎消除了里程焦虑，而里程焦虑是电动汽车大规模采用的最大障碍之一。蔚来汽车不仅可以在任何电动汽车充电站充电，而且该公司还在国内主要城市建设了数百个电池交换站，并计划扩展到欧洲。</blockquote></p><p> NIO's battery swapping strategy also gives the company the ability to offer a battery-as-a-service [BaaS] solution, which reduces the upfrontcostof purchasing an NIO vehicle by ~$11,000. Since cost is another major barrier to mass EV adoption, NIO's battery strategy appears brilliant as it solves both the range and cost problems.</p><p><blockquote>蔚来的电池交换战略还使该公司能够提供电池即服务[BaaS]解决方案，从而将购买蔚来汽车的前期成本降低约11,000美元。由于成本是电动汽车大规模采用的另一个主要障碍，蔚来的电池战略似乎很出色，因为它解决了续航里程和成本问题。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5b25fbb85bffd39310cd27cbb2bde57a\" tg-width=\"640\" tg-height=\"216\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Another differentiator is the NIO brand, which management created brilliantly by introducing the EP9 in 2016. Six EP9s have been sold to NIO investors for 2.5 million pounds, creating an aura of exclusivity and quality around the brand. Next, NIO targeted the mass-market luxury SUV segment with the ES8, firmly establishing the company as a luxury car OEM.</p><p><blockquote>另一个差异化因素是蔚来品牌，管理层在2016年推出了EP9，从而出色地创造了该品牌。六辆EP9已以250万英镑的价格出售给蔚来投资者，为该品牌营造了一种独特和品质的氛围。接下来，蔚来凭借ES8瞄准了大众市场豪华SUV细分市场，牢牢确立了该公司作为豪华汽车OEM的地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad41c960ce02f1e3f3e7575ac00beee0\" tg-width=\"640\" tg-height=\"350\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Chinese companies must struggle against the common perception that they make low-quality products. This is the same perception issue that Japanese companies faced following their defeat after WW2. Japan solved this problem by moving up the value chain as their economy matured and creating high-quality brands such as Sony(NYSE:SONY). Today, Japan is known for its craftsmanship.</p><p><blockquote>中国企业必须与人们普遍认为他们生产的产品质量低的看法作斗争。这与日本公司在二战后战败后面临的认知问题相同。随着经济的成熟，日本通过向价值链上游移动并创建索尼（纽约证券交易所代码：SONY）等高质量品牌来解决这个问题。今天，日本以其工艺而闻名。</blockquote></p><p> China is following the same trajectory, and NIO is one of the emerging brands destroying the perception that \"made in China\" equates to poor quality. I strongly believe that investors who stubbornly hold on to that old perception will miss out on investing in some of the greatest brands the world will ever see.</p><p><blockquote>中国也在遵循同样的轨迹，蔚来是摧毁“中国制造”等同于劣质观念的新兴品牌之一。我坚信，顽固坚持这种旧观念的投资者将错过投资世界上一些最伟大品牌的机会。</blockquote></p><p> Buying an NIO car means much more than just getting a vehicle; it means getting into an exclusive club of services and convenience. Benefits include access to hundreds of swapping stations, lifetime free roadside rescue (including charge vans), lifetime free cellular connectivity, lifetime free warranty, and excellent customer service. This is a powerful selling point for NIO, differentiating it from Tesla, which hasrecentlydeveloped a poor reputation on the customer service front in China.</p><p><blockquote>购买蔚来汽车不仅仅意味着获得一辆车；这意味着进入一个服务和便利的专属俱乐部。好处包括使用数百个交换站、终身免费路边救援（包括充电车）、终身免费蜂窝连接、终身免费保修和卓越的客户服务。这是蔚来的一个强大卖点，使其有别于特斯拉，后者最近在中国的客户服务方面名声不佳。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a73482aa0431694b760ab5c2d0aa6f53\" tg-width=\"640\" tg-height=\"211\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p></p><p> The company is pushing the envelope even further with&nbsp;NIO House, a literal clubhouse for customers, and&nbsp;NIO Life, which includes NIO branded lifestyle products. NIO's effort to build a lifestyle around its cars seems to be&nbsp;working. This is good news for investors because the only way to escape the competitive battlefield of automobile OEM is to sell services and lifestyles to customers. This is why Ferrari's (RACE) operating margin is well over 20%, while Ford (F) and General Motors (GM) are in the single digits.</p><p><blockquote>该公司正在进一步挑战极限，推出了蔚来之家（London House）（一个真正的顾客俱乐部会所）和蔚来人寿（Kenneth Life），其中包括蔚来品牌的生活方式产品。蔚来围绕汽车打造生活方式的努力似乎正在发挥作用。这对投资者来说是个好消息，因为逃离汽车代工竞争战场的唯一方法就是向客户推销服务和生活方式。这就是为什么法拉利(RACE)的营业利润率远高于20%，而福特(F)和通用汽车(GM)则为个位数。</blockquote></p><p> <b>Financials &amp; Valuation</b></p><p><blockquote><b>财务与估值</b></blockquote></p><p> NIO is in hyper-growth mode. In 2020, the company generated $2.5 billion in revenue, up 126% y/y. In 2021, the company is expected to grow 117% y/y to $5.4 billion.</p><p><blockquote>蔚来正处于高速增长模式。2020年，该公司实现收入25亿美元，同比增长126%。2021年，该公司预计将同比增长117%，达到54亿美元。</blockquote></p><p> The company is not yet profitable but is expected to be by 2022. Gross margin only turned positive in 2020 and is expected to be 19.3% in 2021. EBITDA is expected to be negative $258 million in 2021 and a positive $206 million in 2022. Free cash flow is expected to be negative $42 million in 2021 before turning to a positive $354 million in 2022.</p><p><blockquote>该公司尚未盈利，但预计到2022年将实现盈利。毛利率仅在2020年转正，预计2021年为19.3%。预计2021年EBITDA为负2.58亿美元，2022年为正2.06亿美元。预计2021年自由现金流将为负4200万美元，然后在2022年转为正3.54亿美元。</blockquote></p><p> However, despite the cash burn expected in 2021, investors should feel at ease since the company exited&nbsp;2020&nbsp;with $5.9 billion of cash and cash equivalents. Including $600 million in short-term investments and subtracting ~$2.1 billion in debt and operating leases and the expected negative free cash flow in 2021, NIO should exit 2021 with over $4 billion in net cash and investments. That is plenty of buffers since NIO is expected to generate positive free cash flow in 2022.</p><p><blockquote>然而，尽管预计2021年将出现现金消耗，但投资者应该感到放心，因为该公司在2020年退出时拥有59亿美元的现金和现金等价物。包括6亿美元的短期投资，减去约21亿美元的债务和经营租赁以及2021年预期的负自由现金流，蔚来在2021年退出时应拥有超过40亿美元的净现金和投资。这是足够的缓冲，因为蔚来预计将在2022年产生正的自由现金流。</blockquote></p><p> Since NIO is not yet profitable, we will look at the forward EV/Sales multiple as is typical for hyper-growth companies not yet generating a profit. The company went public in September 2018, trading at around 7 to 8 times EV/Sales, before bottoming out at around 0.7 times sales in May 2019. The market, however, caught the EV fever in April 2020 and sent NIO's valuation soaring to a peak of 14.6x by January 2021. After the growth sell-off we recently experienced, NIO is currently sitting at a much more reasonable 8 times forward sales. This is a significant discount to TSLA's 10.2 times forward EV/Sales despite growing twice as fast (TSLA is expected to grow revenues by 57% in 2021 compared to NIO's 117%).</p><p><blockquote>由于蔚来尚未盈利，我们将关注预期EV/销售额倍数，这对于尚未盈利的高速增长公司来说是典型的。该公司于2018年9月上市，交易价格约为EV/销售额的7至8倍，随后于2019年5月触底，约为销售额的0.7倍。然而，市场在2020年4月掀起了电动汽车热潮，到2021年1月，蔚来的估值飙升至14.6倍的峰值。在我们最近经历的增长抛售之后，蔚来目前的预期销售额为8倍，这要合理得多。尽管TSLA的增长速度是其两倍，但这与TSLA 10.2倍的预期EV/销售额相比仍有很大折扣（预计TSLA 2021年收入将增长57%，而蔚来为117%）。</blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> There are many risks associated with owning NIO.</p><p><blockquote>拥有蔚来有很多风险。</blockquote></p><p> Although its battery swapping strategy is highly differentiated and seems to be growing rapidly, the jury is still out on the ultimate market share of battery swapping or fast-charging infrastructure. If fast charging technology continues to advance significantly, it will likely erode a key advantage of battery swapping: speed.</p><p><blockquote>尽管其换电战略高度差异化，且似乎增长迅速，但换电或快充基础设施的最终市场份额仍未定论。如果快速充电技术继续大幅进步，很可能会侵蚀电池交换的一个关键优势：速度。</blockquote></p><p> NIO's business model is innovative and new. Unfortunately, the flip side of that is that it is untested, and NIO remains unprofitable. For many investors, NIO will remain a \"show me\" story until the profitability of its business model improves.</p><p><blockquote>蔚来的商业模式是创新和新的。不幸的是，另一方面是它未经测试，蔚来仍然没有盈利。对于许多投资者来说，在其商业模式的盈利能力改善之前，蔚来仍将是一个“向我展示”的故事。</blockquote></p><p> NIO's ability to expand globally may be limited by the rising geopolitical tension between China and the US, and to a lesser extent, with Japan and Europe. The geopolitical situation remains highly opaque and uncertain, and is a risk factor for all auto OEMs.</p><p><blockquote>蔚来在全球扩张的能力可能会受到中美之间地缘政治紧张局势加剧的限制，在较小程度上也会受到与日欧之间地缘政治紧张局势的限制。地缘政治局势仍然高度不透明和不确定，是所有汽车原始设备制造商的风险因素。</blockquote></p><p> Auto OEMs are currently facing a severe chip&nbsp;shortage. In addition, the chip density in automobiles is increasing, making the OEMs increasingly reliant on semiconductor suppliers and foundries.</p><p><blockquote>汽车主机厂目前正面临严重的芯片短缺。此外，汽车中的芯片密度正在增加，使得原始设备制造商越来越依赖半导体供应商和代工厂。</blockquote></p><p> NIO's competitive advantages may not overcome the massive scale advantage of ICE OEMs and much bigger EV players like Tesla and China's BYD.</p><p><blockquote>蔚来的竞争优势可能无法克服内燃机原始设备制造商以及特斯拉和比亚迪等更大的电动汽车制造商的巨大规模优势。</blockquote></p><p> <b>Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> NIO's technical and business model innovations make it a highly differentiated company in the exciting and rapidly growing EV market. The company is winning, and its competitive moat is getting bigger as its ecosystem of vehicles and services grows. Relative to the industry leader, Tesla, NIO's stock price seems like a bargain given its faster growth rate and lower multiples.</p><p><blockquote>蔚来的技术和商业模式创新使其在令人兴奋且快速增长的电动汽车市场中成为一家高度差异化的公司。该公司正在获胜，随着其车辆和服务生态系统的发展，其竞争护城河也越来越大。相对于行业领导者特斯拉，鉴于其更快的增长率和更低的市盈率，蔚来的股价似乎很便宜。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4435341-nio-is-winning\">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":{"NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4435341-nio-is-winning","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148576248","content_text":"Summary\n\nNIO is #1 in China's electric SUV market for good reason.\nThe company's success is driven by its brilliant innovations and marketing strategy.\nNIO is growing faster than Tesla, and yet, it is trading at a discount.\n\nPonyWang/E+ via Getty Images\nNIO Inc. (NYSE:NIO) stands out for its strong market position- #1 market share in electric SUV in China- and innovation in the rapidly growing and highly competitive electric vehicle industry. This article will discuss why NIO is winning against some stiff competition, including against Tesla (TSLA).\nIn addition, we will discuss NIO's business, financials, trading, valuation, and risks so readers could reach their own informed decision.\nBusiness: Why NIO Wins\nNIO positions itself in the premium SUV segment, focusing on smart EVs with a differentiated battery strategy.\nDelivered in March 2019, the company's first model, the ES8, is a luxury 7-seater SUV that is still the company's flagship product today. The ES8 is equipped with ADAS and AI system [NOMI] and is comparable to the BYD Song, Tesla Model X, the Audi Q7 45 e-Tron, etc.\nSource: Company\nLeveraging the installed base and customer goodwill due to the highly successful ES8, NIO successfully launched the ES6 and EC6.Recently, the company launched the ET7, its first sedan.\nToday, NIO is the top-selling brand in China's all-electric SUV market in April with a 23% market share, higher than Tesla's 17%, WM Motor and XPeng Motors'(NYSE:XPEV)7%, according to China Automotive Technology and Research Center data.\nOne of the biggest competitive differentiators is NIO'sbattery strategy, which all but eliminates range anxiety, one of the biggest barriers to mass EV adoption. Not only could NIO cars be charged at any charging station for EVs, but the company also built hundreds of battery swapping stations in key cities in China, with plans to expanding to Europe.\nNIO's battery swapping strategy also gives the company the ability to offer a battery-as-a-service [BaaS] solution, which reduces the upfrontcostof purchasing an NIO vehicle by ~$11,000. Since cost is another major barrier to mass EV adoption, NIO's battery strategy appears brilliant as it solves both the range and cost problems.\nSource: Company\nAnother differentiator is the NIO brand, which management created brilliantly by introducing the EP9 in 2016. Six EP9s have been sold to NIO investors for 2.5 million pounds, creating an aura of exclusivity and quality around the brand. Next, NIO targeted the mass-market luxury SUV segment with the ES8, firmly establishing the company as a luxury car OEM.\nSource: Company\nChinese companies must struggle against the common perception that they make low-quality products. This is the same perception issue that Japanese companies faced following their defeat after WW2. Japan solved this problem by moving up the value chain as their economy matured and creating high-quality brands such as Sony(NYSE:SONY). Today, Japan is known for its craftsmanship.\nChina is following the same trajectory, and NIO is one of the emerging brands destroying the perception that \"made in China\" equates to poor quality. I strongly believe that investors who stubbornly hold on to that old perception will miss out on investing in some of the greatest brands the world will ever see.\nBuying an NIO car means much more than just getting a vehicle; it means getting into an exclusive club of services and convenience. Benefits include access to hundreds of swapping stations, lifetime free roadside rescue (including charge vans), lifetime free cellular connectivity, lifetime free warranty, and excellent customer service. This is a powerful selling point for NIO, differentiating it from Tesla, which hasrecentlydeveloped a poor reputation on the customer service front in China.\nSource: Company\nThe company is pushing the envelope even further with NIO House, a literal clubhouse for customers, and NIO Life, which includes NIO branded lifestyle products. NIO's effort to build a lifestyle around its cars seems to be working. This is good news for investors because the only way to escape the competitive battlefield of automobile OEM is to sell services and lifestyles to customers. This is why Ferrari's (RACE) operating margin is well over 20%, while Ford (F) and General Motors (GM) are in the single digits.\nFinancials & Valuation\nNIO is in hyper-growth mode. In 2020, the company generated $2.5 billion in revenue, up 126% y/y. In 2021, the company is expected to grow 117% y/y to $5.4 billion.\nThe company is not yet profitable but is expected to be by 2022. Gross margin only turned positive in 2020 and is expected to be 19.3% in 2021. EBITDA is expected to be negative $258 million in 2021 and a positive $206 million in 2022. Free cash flow is expected to be negative $42 million in 2021 before turning to a positive $354 million in 2022.\nHowever, despite the cash burn expected in 2021, investors should feel at ease since the company exited 2020 with $5.9 billion of cash and cash equivalents. Including $600 million in short-term investments and subtracting ~$2.1 billion in debt and operating leases and the expected negative free cash flow in 2021, NIO should exit 2021 with over $4 billion in net cash and investments. That is plenty of buffers since NIO is expected to generate positive free cash flow in 2022.\nSince NIO is not yet profitable, we will look at the forward EV/Sales multiple as is typical for hyper-growth companies not yet generating a profit. The company went public in September 2018, trading at around 7 to 8 times EV/Sales, before bottoming out at around 0.7 times sales in May 2019. The market, however, caught the EV fever in April 2020 and sent NIO's valuation soaring to a peak of 14.6x by January 2021. After the growth sell-off we recently experienced, NIO is currently sitting at a much more reasonable 8 times forward sales. This is a significant discount to TSLA's 10.2 times forward EV/Sales despite growing twice as fast (TSLA is expected to grow revenues by 57% in 2021 compared to NIO's 117%).\nRisks\nThere are many risks associated with owning NIO.\nAlthough its battery swapping strategy is highly differentiated and seems to be growing rapidly, the jury is still out on the ultimate market share of battery swapping or fast-charging infrastructure. If fast charging technology continues to advance significantly, it will likely erode a key advantage of battery swapping: speed.\nNIO's business model is innovative and new. Unfortunately, the flip side of that is that it is untested, and NIO remains unprofitable. For many investors, NIO will remain a \"show me\" story until the profitability of its business model improves.\nNIO's ability to expand globally may be limited by the rising geopolitical tension between China and the US, and to a lesser extent, with Japan and Europe. The geopolitical situation remains highly opaque and uncertain, and is a risk factor for all auto OEMs.\nAuto OEMs are currently facing a severe chip shortage. In addition, the chip density in automobiles is increasing, making the OEMs increasingly reliant on semiconductor suppliers and foundries.\nNIO's competitive advantages may not overcome the massive scale advantage of ICE OEMs and much bigger EV players like Tesla and China's BYD.\nTakeaway\nNIO's technical and business model innovations make it a highly differentiated company in the exciting and rapidly growing EV market. The company is winning, and its competitive moat is getting bigger as its ecosystem of vehicles and services grows. Relative to the industry leader, Tesla, NIO's stock price seems like a bargain given its faster growth rate and lower multiples.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":1620,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169929505,"gmtCreate":1623813265207,"gmtModify":1631889172587,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582197396832487","idStr":"3582197396832487"},"themes":[],"htmlText":"comment and like please, Thank you!","listText":"comment and like please, Thank you!","text":"comment and like please, Thank you!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/169929505","repostId":"1162338607","repostType":4,"isVote":1,"tweetType":1,"viewCount":1885,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117896034,"gmtCreate":1623127697028,"gmtModify":1631889172587,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582197396832487","idStr":"3582197396832487"},"themes":[],"htmlText":"Please comment and like, thank you","listText":"Please comment and like, thank you","text":"Please comment and like, thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/117896034","repostId":"2141255133","repostType":4,"isVote":1,"tweetType":1,"viewCount":1490,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":136502481,"gmtCreate":1622025657943,"gmtModify":1631889172592,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582197396832487","idStr":"3582197396832487"},"themes":[],"htmlText":"roller coaster, high risk!","listText":"roller coaster, high risk!","text":"roller coaster, high risk!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/136502481","repostId":"2138190819","repostType":4,"isVote":1,"tweetType":1,"viewCount":930,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130922760,"gmtCreate":1621506274350,"gmtModify":1631889172596,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582197396832487","idStr":"3582197396832487"},"themes":[],"htmlText":"may be","listText":"may be","text":"may be","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/130922760","repostId":"1138700843","repostType":4,"repost":{"id":"1138700843","kind":"news","pubTimestamp":1621495137,"share":"https://www.laohu8.com/m/news/1138700843?lang=zh_CN&edition=full","pubTime":"2021-05-20 15:18","market":"us","language":"en","title":"Is Chevron Stock a Buy?<blockquote>雪佛龙股票值得买入吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1138700843","media":"Motley Fool","summary":"Chevron's yield is at the low end of its energy major peer group. Here's why conservative income inv","content":"<p>Chevron's yield is at the low end of its energy major peer group. Here's why conservative income investors might still want to buy it anyway.</p><p><blockquote>雪佛龙的收益率在其主要能源同行中处于低端。这就是为什么保守的收入投资者可能仍然想购买它。</blockquote></p><p> Despite improving commodity prices, the energy sector remains deeply out of favor. For income investors with a contrarian bent, however, that's a potential buying opportunity. The problem is that there are still very real issues for energy companies to deal with. That's why integrated giant&nbsp;<b>Chevron</b>&nbsp;(NYSE:CVX)&nbsp;is one of the best options in the space. Here's a few points to back that up.</p><p><blockquote>尽管大宗商品价格有所改善，但能源行业仍然严重失宠。然而，对于有逆向倾向的收益投资者来说，这是一个潜在的买入机会。问题是，能源公司仍有非常现实的问题需要处理。这就是为什么集成巨人<b>雪佛龙</b>（纽约证券交易所股票代码：CVX）是该领域的最佳选择之一。这里有几点可以支持这一点。</blockquote></p><p> <b>1. Diversification</b></p><p><blockquote><b>1.多样化</b></blockquote></p><p> There are a multitude of ways to invest in the&nbsp;energy sector, from the&nbsp;upstream&nbsp;(exploration and production) to the&nbsp;downstream&nbsp;(chemicals and refining), and there are different dynamics to each major area. Chevron, one of the world's largest integrated energy companies, has exposure across the value chain, from drilling to transportation (the midstream sector) to processing. That provides balance to its portfolio, since in normal markets some areas will usually be doing better than others and helping to smooth out financial results.</p><p><blockquote>投资能源行业有多种方式，从上游（勘探和生产）到下游（化工和炼油），每个主要领域都有不同的动态。雪佛龙是世界上最大的综合能源公司之一，涉足从钻井到运输（中游行业）再到加工的整个价值链。这为其投资组合提供了平衡，因为在正常市场中，某些领域通常会比其他领域表现更好，并有助于平滑财务业绩。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4110c4af0aef7c1bcdfebcee897c6d95\" tg-width=\"2000\" tg-height=\"1335\"><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> Conservative investors know that&nbsp;diversification is good&nbsp;for their portfolios, but it can also be good for a company's business. It may seem like small solace, but in 2020 Chevron's international downstream business was in the black while all of its other reporting segments were in the red. It was a terrible year by any measure, but it would have been much worse if the company were only focused on drilling for oil or operating in a single market/region.</p><p><blockquote>保守的投资者知道多元化对他们的投资组合有好处，但也对公司的业务有好处。这似乎是一个小小的安慰，但2020年雪佛龙的国际下游业务实现了盈利，而其所有其他报告部门都出现了亏损。无论以何种标准衡量，这都是糟糕的一年，但如果该公司只专注于石油钻探或在单一市场/地区运营，情况会更糟。</blockquote></p><p> <b>2. Financial strength</b></p><p><blockquote><b>2.资金实力</b></blockquote></p><p> Diversification is nice, but Chevron is hardly the only diversified oil company. It is one of many that fall into the integrated segment of the industry. But one area where Chevron stands alone is financial strength. The company's debt-to-equity ratio is roughly 0.33 times, lower than U.S. peer&nbsp;<b>ExxonMobil</b>'s&nbsp;(NYSE:XOM)&nbsp;0.4 times and way below European peers that sit at 0.6 times or higher.</p><p><blockquote>多元化固然好，但雪佛龙并不是唯一一家多元化的石油公司。这是该行业众多综合领域之一。但雪佛龙独树一帜的一个领域是财务实力。该公司的债务股本比率约为0.33倍，低于美国同行<b>埃克森美孚</b>（纽约证券交易所代码：XOM）的0.4倍，远低于欧洲同行的0.6倍或更高。</blockquote></p><p> To be fair, European oil majors tend to carry higher debt loads and higher cash balances than Chevron or Exxon. However, spending a cash horde during an industry downturn isn't necessarily viewed as a positive by investors, and adding debt to an already debt-heavy&nbsp;balance sheet&nbsp;is equally undesirable. So Chevron's low-leverage approach may actually give it more leeway. Indeed, it used its financial strength to add debt during 2020 so it could muddle through the hit without the need to cut its dividend. It also managed to make&nbsp;an opportunistic acquisition&nbsp;and still maintain its industry-leading leverage metrics.</p><p><blockquote>公平地说，欧洲石油巨头往往比雪佛龙或埃克森美孚承担更高的债务负担和更高的现金余额。然而，投资者并不一定认为在行业低迷时期花费大量现金是积极的，在本已负债累累的资产负债表上增加债务也同样不可取。因此，雪佛龙的低杠杆做法实际上可能会给它更多的回旋余地。事实上，该公司在2020年利用其财务实力增加了债务，这样它就可以在不削减股息的情况下蒙混过关。它还成功进行了机会主义收购，并仍然保持了行业领先的杠杆指标。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/79228f9c35bf49addfcc515df385d042\" tg-width=\"720\" tg-height=\"503\"><span>CVX DEBT TO EQUITY RATIO DATA BY YCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCHARTS提供的CVX债务股本比率数据</span></p></blockquote></p><p> <b>3. The dividend</b></p><p><blockquote><b>3.股息</b></blockquote></p><p> For more conservative&nbsp;income investors, a company's dividend is sacrosanct.<b>BP</b>&nbsp;and&nbsp;<b>Royal Dutch Shell</b>&nbsp;both cut their dividends last year, while Exxon, Chevron, and&nbsp;<b>Total</b>&nbsp;did not. That said, Chevron has an over-three-decade-long streak of annual dividend increases under its belt at this point. And it just announced a 4% increase in its dividend along with its first-quarter earnings. Total is focusing on debt repayment over dividend increases right now, and while Exxon's dividend history is every bit as strong as Chevron's -- if not stronger -- its balance sheet isn't in as good shape. And, notably, Exxon has big spending plans that it needs to fund, suggesting that dividends may have to play second fiddle to capital spending in the near term. Chevron's spending plans were relatively modest even before the pandemic.</p><p><blockquote>对于更保守的收益投资者来说，公司的股息是神圣不可侵犯的。<b>BP</b>和<b>荷兰皇家壳牌</b>两家公司去年都削减了股息，而埃克森美孚、雪佛龙和<b>总的</b>没有。也就是说，雪佛龙目前已经连续三年增加年度股息。该公司刚刚宣布将股息与第一季度收益一起增加4%。道达尔目前专注于偿还债务而不是增加股息，虽然埃克森美孚的股息历史与雪佛龙一样强劲——如果不是更强劲的话——但其资产负债表状况却没有那么好。而且，值得注意的是，埃克森美孚有庞大的支出计划需要提供资金，这表明股息在短期内可能必须仅次于资本支出。即使在疫情爆发之前，雪佛龙的支出计划也相对温和。</blockquote></p><p> When you take into account all of the above, it helps to explain why Chevron's 4.9%&nbsp;dividend yield&nbsp;is near the bottom of its peer group. However, the stock's yield is still near the high end of the company's own historical range. So it looks like Chevron is historically cheap today, even though you can get a higher yield from other companies in the sector. The problem is that to get those higher yields you need to step up the risk scale. For conservative types, that's probably not worth it.</p><p><blockquote>当你考虑到上述所有因素时，这有助于解释为什么雪佛龙4.9%的股息收益率在同行中接近垫底。然而，该股的收益率仍接近该公司自身历史区间的高端。因此，雪佛龙今天看起来历史上很便宜，尽管你可以从该行业的其他公司获得更高的收益率。问题是，要获得更高的收益率，你需要提高风险规模。对于保守类型的人来说，这可能不值得。</blockquote></p><p> <b>4. The future</b></p><p><blockquote><b>4.未来</b></blockquote></p><p> One clear knock against Chevron is that it is dragging its feet as the world looks to move beyond oil and natural gas. That's a legitimate complaint -- Chevron is simply tiptoeing into the clean energy waters, while others, like BP and Shell, look like they are&nbsp;jumping in with both feet.</p><p><blockquote>对雪佛龙的一个明显打击是，当世界希望超越石油和天然气时，它正在拖延。这是一个合理的抱怨——雪佛龙只是小心翼翼地进入清洁能源领域，而其他公司，如英国石油公司和壳牌公司，看起来像是双脚跳进去。</blockquote></p><p></p><p> The thing is, energy transitions take time, and the world is likely to need more of all energy sources as emerging economies continue to develop. So oil and natural gas aren't likely to go away overnight.</p><p><blockquote>问题是，能源转型需要时间，随着新兴经济体的不断发展，世界可能需要更多的能源。因此，石油和天然气不太可能在一夜之间消失。</blockquote></p><p> Meanwhile, the renewable power space&nbsp;looks a bit expensive&nbsp;right now, with intense competition resulting in inflated prices and potentially lower future returns. So taking a wait-and-see approach might actually work in Chevron's favor if it avoids overspending just to appease Wall Street. And with such a strong balance sheet, there's no reason why it can't buy its way into the sector via an acquisition should a good opportunity arise. That chance, hopefully, will come when investors have soured on renewables and bid down the stock prices of clean energy-focused names.</p><p><blockquote>与此同时，可再生能源领域目前看起来有点昂贵，激烈的竞争导致价格上涨，未来回报可能较低。因此，如果雪佛龙避免仅仅为了安抚华尔街而超支，那么采取观望态度实际上可能对其有利。凭借如此强劲的资产负债表，如果出现好机会，它没有理由不能通过收购进入该行业。当投资者对可再生能源感到不满并压低专注于清洁能源的公司的股价时，这个机会有望到来。</blockquote></p><p> <b>Not perfect, but pretty good</b></p><p><blockquote><b>不完美，但相当不错</b></blockquote></p><p> Every investment comes with a few warts, and Chevron is no different. However, for conservative income investors looking to put money to work in the out-of-favor energy sector, it has a lot of positives. Specifically, the company's historically high yield, industry-leading financial strength, and diversified business model all give it an edge over its peers. And the negative that Chevron is taking a slow approach on the global warming front may not be as bad as some fear.</p><p><blockquote>每项投资都有一些缺点，雪佛龙也不例外。然而，对于希望将资金投入不受欢迎的能源行业的保守收入投资者来说，它有很多积极因素。具体而言，该公司历史上较高的收益率、行业领先的财务实力以及多元化的商业模式都使其比同行更具优势。雪佛龙在全球变暖方面采取缓慢措施的负面影响可能并不像一些人担心的那么糟糕。</blockquote></p><p> For most income investors, Chevron stacks up really well compared to the competition.</p><p><blockquote>对于大多数收益投资者来说，雪佛龙与竞争对手相比表现非常好。</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>Is Chevron Stock a Buy?<blockquote>雪佛龙股票值得买入吗？</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\">\nIs Chevron Stock a Buy?<blockquote>雪佛龙股票值得买入吗？</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\">2021-05-20 15:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Chevron's yield is at the low end of its energy major peer group. Here's why conservative income investors might still want to buy it anyway.</p><p><blockquote>雪佛龙的收益率在其主要能源同行中处于低端。这就是为什么保守的收入投资者可能仍然想购买它。</blockquote></p><p> Despite improving commodity prices, the energy sector remains deeply out of favor. For income investors with a contrarian bent, however, that's a potential buying opportunity. The problem is that there are still very real issues for energy companies to deal with. That's why integrated giant&nbsp;<b>Chevron</b>&nbsp;(NYSE:CVX)&nbsp;is one of the best options in the space. Here's a few points to back that up.</p><p><blockquote>尽管大宗商品价格有所改善，但能源行业仍然严重失宠。然而，对于有逆向倾向的收益投资者来说，这是一个潜在的买入机会。问题是，能源公司仍有非常现实的问题需要处理。这就是为什么集成巨人<b>雪佛龙</b>（纽约证券交易所股票代码：CVX）是该领域的最佳选择之一。这里有几点可以支持这一点。</blockquote></p><p> <b>1. Diversification</b></p><p><blockquote><b>1.多样化</b></blockquote></p><p> There are a multitude of ways to invest in the&nbsp;energy sector, from the&nbsp;upstream&nbsp;(exploration and production) to the&nbsp;downstream&nbsp;(chemicals and refining), and there are different dynamics to each major area. Chevron, one of the world's largest integrated energy companies, has exposure across the value chain, from drilling to transportation (the midstream sector) to processing. That provides balance to its portfolio, since in normal markets some areas will usually be doing better than others and helping to smooth out financial results.</p><p><blockquote>投资能源行业有多种方式，从上游（勘探和生产）到下游（化工和炼油），每个主要领域都有不同的动态。雪佛龙是世界上最大的综合能源公司之一，涉足从钻井到运输（中游行业）再到加工的整个价值链。这为其投资组合提供了平衡，因为在正常市场中，某些领域通常会比其他领域表现更好，并有助于平滑财务业绩。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4110c4af0aef7c1bcdfebcee897c6d95\" tg-width=\"2000\" tg-height=\"1335\"><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> Conservative investors know that&nbsp;diversification is good&nbsp;for their portfolios, but it can also be good for a company's business. It may seem like small solace, but in 2020 Chevron's international downstream business was in the black while all of its other reporting segments were in the red. It was a terrible year by any measure, but it would have been much worse if the company were only focused on drilling for oil or operating in a single market/region.</p><p><blockquote>保守的投资者知道多元化对他们的投资组合有好处，但也对公司的业务有好处。这似乎是一个小小的安慰，但2020年雪佛龙的国际下游业务实现了盈利，而其所有其他报告部门都出现了亏损。无论以何种标准衡量，这都是糟糕的一年，但如果该公司只专注于石油钻探或在单一市场/地区运营，情况会更糟。</blockquote></p><p> <b>2. Financial strength</b></p><p><blockquote><b>2.资金实力</b></blockquote></p><p> Diversification is nice, but Chevron is hardly the only diversified oil company. It is one of many that fall into the integrated segment of the industry. But one area where Chevron stands alone is financial strength. The company's debt-to-equity ratio is roughly 0.33 times, lower than U.S. peer&nbsp;<b>ExxonMobil</b>'s&nbsp;(NYSE:XOM)&nbsp;0.4 times and way below European peers that sit at 0.6 times or higher.</p><p><blockquote>多元化固然好，但雪佛龙并不是唯一一家多元化的石油公司。这是该行业众多综合领域之一。但雪佛龙独树一帜的一个领域是财务实力。该公司的债务股本比率约为0.33倍，低于美国同行<b>埃克森美孚</b>（纽约证券交易所代码：XOM）的0.4倍，远低于欧洲同行的0.6倍或更高。</blockquote></p><p> To be fair, European oil majors tend to carry higher debt loads and higher cash balances than Chevron or Exxon. However, spending a cash horde during an industry downturn isn't necessarily viewed as a positive by investors, and adding debt to an already debt-heavy&nbsp;balance sheet&nbsp;is equally undesirable. So Chevron's low-leverage approach may actually give it more leeway. Indeed, it used its financial strength to add debt during 2020 so it could muddle through the hit without the need to cut its dividend. It also managed to make&nbsp;an opportunistic acquisition&nbsp;and still maintain its industry-leading leverage metrics.</p><p><blockquote>公平地说，欧洲石油巨头往往比雪佛龙或埃克森美孚承担更高的债务负担和更高的现金余额。然而，投资者并不一定认为在行业低迷时期花费大量现金是积极的，在本已负债累累的资产负债表上增加债务也同样不可取。因此，雪佛龙的低杠杆做法实际上可能会给它更多的回旋余地。事实上，该公司在2020年利用其财务实力增加了债务，这样它就可以在不削减股息的情况下蒙混过关。它还成功进行了机会主义收购，并仍然保持了行业领先的杠杆指标。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/79228f9c35bf49addfcc515df385d042\" tg-width=\"720\" tg-height=\"503\"><span>CVX DEBT TO EQUITY RATIO DATA BY YCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCHARTS提供的CVX债务股本比率数据</span></p></blockquote></p><p> <b>3. The dividend</b></p><p><blockquote><b>3.股息</b></blockquote></p><p> For more conservative&nbsp;income investors, a company's dividend is sacrosanct.<b>BP</b>&nbsp;and&nbsp;<b>Royal Dutch Shell</b>&nbsp;both cut their dividends last year, while Exxon, Chevron, and&nbsp;<b>Total</b>&nbsp;did not. That said, Chevron has an over-three-decade-long streak of annual dividend increases under its belt at this point. And it just announced a 4% increase in its dividend along with its first-quarter earnings. Total is focusing on debt repayment over dividend increases right now, and while Exxon's dividend history is every bit as strong as Chevron's -- if not stronger -- its balance sheet isn't in as good shape. And, notably, Exxon has big spending plans that it needs to fund, suggesting that dividends may have to play second fiddle to capital spending in the near term. Chevron's spending plans were relatively modest even before the pandemic.</p><p><blockquote>对于更保守的收益投资者来说，公司的股息是神圣不可侵犯的。<b>BP</b>和<b>荷兰皇家壳牌</b>两家公司去年都削减了股息，而埃克森美孚、雪佛龙和<b>总的</b>没有。也就是说，雪佛龙目前已经连续三年增加年度股息。该公司刚刚宣布将股息与第一季度收益一起增加4%。道达尔目前专注于偿还债务而不是增加股息，虽然埃克森美孚的股息历史与雪佛龙一样强劲——如果不是更强劲的话——但其资产负债表状况却没有那么好。而且，值得注意的是，埃克森美孚有庞大的支出计划需要提供资金，这表明股息在短期内可能必须仅次于资本支出。即使在疫情爆发之前，雪佛龙的支出计划也相对温和。</blockquote></p><p> When you take into account all of the above, it helps to explain why Chevron's 4.9%&nbsp;dividend yield&nbsp;is near the bottom of its peer group. However, the stock's yield is still near the high end of the company's own historical range. So it looks like Chevron is historically cheap today, even though you can get a higher yield from other companies in the sector. The problem is that to get those higher yields you need to step up the risk scale. For conservative types, that's probably not worth it.</p><p><blockquote>当你考虑到上述所有因素时，这有助于解释为什么雪佛龙4.9%的股息收益率在同行中接近垫底。然而，该股的收益率仍接近该公司自身历史区间的高端。因此，雪佛龙今天看起来历史上很便宜，尽管你可以从该行业的其他公司获得更高的收益率。问题是，要获得更高的收益率，你需要提高风险规模。对于保守类型的人来说，这可能不值得。</blockquote></p><p> <b>4. The future</b></p><p><blockquote><b>4.未来</b></blockquote></p><p> One clear knock against Chevron is that it is dragging its feet as the world looks to move beyond oil and natural gas. That's a legitimate complaint -- Chevron is simply tiptoeing into the clean energy waters, while others, like BP and Shell, look like they are&nbsp;jumping in with both feet.</p><p><blockquote>对雪佛龙的一个明显打击是，当世界希望超越石油和天然气时，它正在拖延。这是一个合理的抱怨——雪佛龙只是小心翼翼地进入清洁能源领域，而其他公司，如英国石油公司和壳牌公司，看起来像是双脚跳进去。</blockquote></p><p></p><p> The thing is, energy transitions take time, and the world is likely to need more of all energy sources as emerging economies continue to develop. So oil and natural gas aren't likely to go away overnight.</p><p><blockquote>问题是，能源转型需要时间，随着新兴经济体的不断发展，世界可能需要更多的能源。因此，石油和天然气不太可能在一夜之间消失。</blockquote></p><p> Meanwhile, the renewable power space&nbsp;looks a bit expensive&nbsp;right now, with intense competition resulting in inflated prices and potentially lower future returns. So taking a wait-and-see approach might actually work in Chevron's favor if it avoids overspending just to appease Wall Street. And with such a strong balance sheet, there's no reason why it can't buy its way into the sector via an acquisition should a good opportunity arise. That chance, hopefully, will come when investors have soured on renewables and bid down the stock prices of clean energy-focused names.</p><p><blockquote>与此同时，可再生能源领域目前看起来有点昂贵，激烈的竞争导致价格上涨，未来回报可能较低。因此，如果雪佛龙避免仅仅为了安抚华尔街而超支，那么采取观望态度实际上可能对其有利。凭借如此强劲的资产负债表，如果出现好机会，它没有理由不能通过收购进入该行业。当投资者对可再生能源感到不满并压低专注于清洁能源的公司的股价时，这个机会有望到来。</blockquote></p><p> <b>Not perfect, but pretty good</b></p><p><blockquote><b>不完美，但相当不错</b></blockquote></p><p> Every investment comes with a few warts, and Chevron is no different. However, for conservative income investors looking to put money to work in the out-of-favor energy sector, it has a lot of positives. Specifically, the company's historically high yield, industry-leading financial strength, and diversified business model all give it an edge over its peers. And the negative that Chevron is taking a slow approach on the global warming front may not be as bad as some fear.</p><p><blockquote>每项投资都有一些缺点，雪佛龙也不例外。然而，对于希望将资金投入不受欢迎的能源行业的保守收入投资者来说，它有很多积极因素。具体而言，该公司历史上较高的收益率、行业领先的财务实力以及多元化的商业模式都使其比同行更具优势。雪佛龙在全球变暖方面采取缓慢措施的负面影响可能并不像一些人担心的那么糟糕。</blockquote></p><p> For most income investors, Chevron stacks up really well compared to the competition.</p><p><blockquote>对于大多数收益投资者来说，雪佛龙与竞争对手相比表现非常好。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/05/19/is-chevron-stock-a-buy/\">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":{"CVX":"雪佛龙"},"source_url":"https://www.fool.com/investing/2021/05/19/is-chevron-stock-a-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138700843","content_text":"Chevron's yield is at the low end of its energy major peer group. Here's why conservative income investors might still want to buy it anyway.\nDespite improving commodity prices, the energy sector remains deeply out of favor. For income investors with a contrarian bent, however, that's a potential buying opportunity. The problem is that there are still very real issues for energy companies to deal with. That's why integrated giant Chevron (NYSE:CVX) is one of the best options in the space. Here's a few points to back that up.\n1. Diversification\nThere are a multitude of ways to invest in the energy sector, from the upstream (exploration and production) to the downstream (chemicals and refining), and there are different dynamics to each major area. Chevron, one of the world's largest integrated energy companies, has exposure across the value chain, from drilling to transportation (the midstream sector) to processing. That provides balance to its portfolio, since in normal markets some areas will usually be doing better than others and helping to smooth out financial results.\nIMAGE SOURCE: GETTY IMAGES.\nConservative investors know that diversification is good for their portfolios, but it can also be good for a company's business. It may seem like small solace, but in 2020 Chevron's international downstream business was in the black while all of its other reporting segments were in the red. It was a terrible year by any measure, but it would have been much worse if the company were only focused on drilling for oil or operating in a single market/region.\n2. Financial strength\nDiversification is nice, but Chevron is hardly the only diversified oil company. It is one of many that fall into the integrated segment of the industry. But one area where Chevron stands alone is financial strength. The company's debt-to-equity ratio is roughly 0.33 times, lower than U.S. peer ExxonMobil's (NYSE:XOM) 0.4 times and way below European peers that sit at 0.6 times or higher.\nTo be fair, European oil majors tend to carry higher debt loads and higher cash balances than Chevron or Exxon. However, spending a cash horde during an industry downturn isn't necessarily viewed as a positive by investors, and adding debt to an already debt-heavy balance sheet is equally undesirable. So Chevron's low-leverage approach may actually give it more leeway. Indeed, it used its financial strength to add debt during 2020 so it could muddle through the hit without the need to cut its dividend. It also managed to make an opportunistic acquisition and still maintain its industry-leading leverage metrics.\nCVX DEBT TO EQUITY RATIO DATA BY YCHARTS\n3. The dividend\nFor more conservative income investors, a company's dividend is sacrosanct.BP and Royal Dutch Shell both cut their dividends last year, while Exxon, Chevron, and Total did not. That said, Chevron has an over-three-decade-long streak of annual dividend increases under its belt at this point. And it just announced a 4% increase in its dividend along with its first-quarter earnings. Total is focusing on debt repayment over dividend increases right now, and while Exxon's dividend history is every bit as strong as Chevron's -- if not stronger -- its balance sheet isn't in as good shape. And, notably, Exxon has big spending plans that it needs to fund, suggesting that dividends may have to play second fiddle to capital spending in the near term. Chevron's spending plans were relatively modest even before the pandemic.\nWhen you take into account all of the above, it helps to explain why Chevron's 4.9% dividend yield is near the bottom of its peer group. However, the stock's yield is still near the high end of the company's own historical range. So it looks like Chevron is historically cheap today, even though you can get a higher yield from other companies in the sector. The problem is that to get those higher yields you need to step up the risk scale. For conservative types, that's probably not worth it.\n4. The future\nOne clear knock against Chevron is that it is dragging its feet as the world looks to move beyond oil and natural gas. That's a legitimate complaint -- Chevron is simply tiptoeing into the clean energy waters, while others, like BP and Shell, look like they are jumping in with both feet.\nThe thing is, energy transitions take time, and the world is likely to need more of all energy sources as emerging economies continue to develop. So oil and natural gas aren't likely to go away overnight.\nMeanwhile, the renewable power space looks a bit expensive right now, with intense competition resulting in inflated prices and potentially lower future returns. So taking a wait-and-see approach might actually work in Chevron's favor if it avoids overspending just to appease Wall Street. And with such a strong balance sheet, there's no reason why it can't buy its way into the sector via an acquisition should a good opportunity arise. That chance, hopefully, will come when investors have soured on renewables and bid down the stock prices of clean energy-focused names.\nNot perfect, but pretty good\nEvery investment comes with a few warts, and Chevron is no different. However, for conservative income investors looking to put money to work in the out-of-favor energy sector, it has a lot of positives. Specifically, the company's historically high yield, industry-leading financial strength, and diversified business model all give it an edge over its peers. And the negative that Chevron is taking a slow approach on the global warming front may not be as bad as some fear.\nFor most income investors, Chevron stacks up really well compared to the competition.","news_type":1,"symbols_score_info":{"CVX":0.9}},"isVote":1,"tweetType":1,"viewCount":840,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197043837,"gmtCreate":1621413668429,"gmtModify":1631893139493,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582197396832487","idStr":"3582197396832487"},"themes":[],"htmlText":"oh dear!","listText":"oh dear!","text":"oh dear!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/197043837","repostId":"1134038876","repostType":4,"isVote":1,"tweetType":1,"viewCount":564,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194484188,"gmtCreate":1621393263144,"gmtModify":1631893139496,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582197396832487","idStr":"3582197396832487"},"themes":[],"htmlText":"👍🏼","listText":"👍🏼","text":"👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/194484188","repostId":"1162862766","repostType":4,"repost":{"id":"1162862766","kind":"news","pubTimestamp":1621385062,"share":"https://www.laohu8.com/m/news/1162862766?lang=zh_CN&edition=full","pubTime":"2021-05-19 08:44","market":"fut","language":"en","title":"Singapore Exchange Eyes Battery Metals Contracts to Tap EV Boom<blockquote>新加坡交易所着眼于电池金属合约以利用电动汽车热潮</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162862766","media":"Bloomberg","summary":"(Bloomberg) -- The Singapore Exchange is eyeing introducing contracts for battery metals amid a surg","content":"<p>(Bloomberg) -- The Singapore Exchange is eyeing introducing contracts for battery metals amid a surge in demand for raw materials crucial to power electric vehicles.</p><p><blockquote>（彭博社）——由于对电动汽车至关重要的原材料需求激增，新加坡交易所正在考虑推出电池金属合约。</blockquote></p><p>EV metals contracts were “definitely something that we are looking at” as the bourse continues to assesses the market, according to Cheong Jin Yu, director of commodities at the SGX, without providing details on any timetable or specific materials.</p><p><blockquote>新交所大宗商品总监Cheong Jin Yu表示，随着交易所继续评估市场，电动汽车金属合约“肯定是我们正在关注的”，但没有提供任何时间表或具体材料的细节。</blockquote></p><p>“We hear requests from investors about that every day,” Cheong said in an interview. “But we also have to consider the role we can play in the context of what battery metals contracts are available in the market, where we sit and what we can bring to the table.”</p><p><blockquote>“我们每天都会听到投资者对此的要求，”张在接受采访时表示。“但我们还必须考虑我们在市场上可用的电池金属合同、我们所处的位置以及我们可以带来什么方面可以发挥的作用。”</blockquote></p><p>Green stimulus measures worldwide have been accelerating the adoption of EVs, leading to booming demand for raw materials including lithium, cobalt, copper and nickel. Commodities key to the clean-energy transition also are getting an added boost from the global recovery in industry.</p><p><blockquote>全球范围内的绿色刺激措施一直在加速电动汽车的采用，导致对锂、钴、铜和镍等原材料的需求激增。全球工业复苏也进一步推动了清洁能源转型的大宗商品。</blockquote></p><p>Lithium prices have rebounded after a three-year slump and copper has rallied to a record high. The London Metal Exchange has delayed the start date for cash-settled futures for lithium hydroxide to July, while trading volume on cobalt remains among the thinest of contracts on the bourse.</p><p><blockquote>锂价在经历了三年的暴跌后出现反弹，铜价也升至历史新高。伦敦金属交易所已将氢氧化锂现金结算期货的开始日期推迟至7月，而钴的交易量仍是该交易所最清淡的合约之一。</blockquote></p><p>“For us, it is not about how fast we can launch the contracts, but how could we introduce contracts that would serve the market well and really make a difference,” said Cheong. “Battery metals is also a very, very diverse complex. It’s not just one metal.”</p><p><blockquote>“对我们来说，这不是我们能多快推出合同的问题，而是我们如何推出能够很好地服务市场并真正发挥作用的合同，”Cheong说。“电池金属也是一个非常非常多样化的复合体。它不仅仅是一种金属。”</blockquote></p><p>The Singapore Exchange, which is the world’s biggest clearer of iron ore derivatives, is also planning to launch steel rebar futures, while specific contract details haven’t yet been publicly announced.</p><p><blockquote>全球最大的铁矿石衍生品清算机构新加坡交易所也计划推出螺纹钢期货，但具体合约细节尚未公开宣布。</blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Exchange Eyes Battery Metals Contracts to Tap EV Boom<blockquote>新加坡交易所着眼于电池金属合约以利用电动汽车热潮</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Exchange Eyes Battery Metals Contracts to Tap EV Boom<blockquote>新加坡交易所着眼于电池金属合约以利用电动汽车热潮</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2021-05-19 08:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Bloomberg) -- The Singapore Exchange is eyeing introducing contracts for battery metals amid a surge in demand for raw materials crucial to power electric vehicles.</p><p><blockquote>（彭博社）——由于对电动汽车至关重要的原材料需求激增，新加坡交易所正在考虑推出电池金属合约。</blockquote></p><p>EV metals contracts were “definitely something that we are looking at” as the bourse continues to assesses the market, according to Cheong Jin Yu, director of commodities at the SGX, without providing details on any timetable or specific materials.</p><p><blockquote>新交所大宗商品总监Cheong Jin Yu表示，随着交易所继续评估市场，电动汽车金属合约“肯定是我们正在关注的”，但没有提供任何时间表或具体材料的细节。</blockquote></p><p>“We hear requests from investors about that every day,” Cheong said in an interview. “But we also have to consider the role we can play in the context of what battery metals contracts are available in the market, where we sit and what we can bring to the table.”</p><p><blockquote>“我们每天都会听到投资者对此的要求，”张在接受采访时表示。“但我们还必须考虑我们在市场上可用的电池金属合同、我们所处的位置以及我们可以带来什么方面可以发挥的作用。”</blockquote></p><p>Green stimulus measures worldwide have been accelerating the adoption of EVs, leading to booming demand for raw materials including lithium, cobalt, copper and nickel. Commodities key to the clean-energy transition also are getting an added boost from the global recovery in industry.</p><p><blockquote>全球范围内的绿色刺激措施一直在加速电动汽车的采用，导致对锂、钴、铜和镍等原材料的需求激增。全球工业复苏也进一步推动了清洁能源转型的大宗商品。</blockquote></p><p>Lithium prices have rebounded after a three-year slump and copper has rallied to a record high. The London Metal Exchange has delayed the start date for cash-settled futures for lithium hydroxide to July, while trading volume on cobalt remains among the thinest of contracts on the bourse.</p><p><blockquote>锂价在经历了三年的暴跌后出现反弹，铜价也升至历史新高。伦敦金属交易所已将氢氧化锂现金结算期货的开始日期推迟至7月，而钴的交易量仍是该交易所最清淡的合约之一。</blockquote></p><p>“For us, it is not about how fast we can launch the contracts, but how could we introduce contracts that would serve the market well and really make a difference,” said Cheong. “Battery metals is also a very, very diverse complex. It’s not just one metal.”</p><p><blockquote>“对我们来说，这不是我们能多快推出合同的问题，而是我们如何推出能够很好地服务市场并真正发挥作用的合同，”Cheong说。“电池金属也是一个非常非常多样化的复合体。它不仅仅是一种金属。”</blockquote></p><p>The Singapore Exchange, which is the world’s biggest clearer of iron ore derivatives, is also planning to launch steel rebar futures, while specific contract details haven’t yet been publicly announced.</p><p><blockquote>全球最大的铁矿石衍生品清算机构新加坡交易所也计划推出螺纹钢期货，但具体合约细节尚未公开宣布。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/singapore-exchange-eyes-battery-metals-001759066.html\">Bloomberg</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/singapore-exchange-eyes-battery-metals-001759066.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162862766","content_text":"(Bloomberg) -- The Singapore Exchange is eyeing introducing contracts for battery metals amid a surge in demand for raw materials crucial to power electric vehicles.EV metals contracts were “definitely something that we are looking at” as the bourse continues to assesses the market, according to Cheong Jin Yu, director of commodities at the SGX, without providing details on any timetable or specific materials.“We hear requests from investors about that every day,” Cheong said in an interview. “But we also have to consider the role we can play in the context of what battery metals contracts are available in the market, where we sit and what we can bring to the table.”Green stimulus measures worldwide have been accelerating the adoption of EVs, leading to booming demand for raw materials including lithium, cobalt, copper and nickel. Commodities key to the clean-energy transition also are getting an added boost from the global recovery in industry.Lithium prices have rebounded after a three-year slump and copper has rallied to a record high. The London Metal Exchange has delayed the start date for cash-settled futures for lithium hydroxide to July, while trading volume on cobalt remains among the thinest of contracts on the bourse.“For us, it is not about how fast we can launch the contracts, but how could we introduce contracts that would serve the market well and really make a difference,” said Cheong. “Battery metals is also a very, very diverse complex. It’s not just one metal.”The Singapore Exchange, which is the world’s biggest clearer of iron ore derivatives, is also planning to launch steel rebar futures, while specific contract details haven’t yet been publicly announced.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":912,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":125904925,"gmtCreate":1624639219767,"gmtModify":1631889172568,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582197396832487","authorIdStr":"3582197396832487"},"themes":[],"htmlText":"like and comment","listText":"like and comment","text":"like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/125904925","repostId":"1119853713","repostType":4,"repost":{"id":"1119853713","kind":"news","pubTimestamp":1624631902,"share":"https://www.laohu8.com/m/news/1119853713?lang=zh_CN&edition=full","pubTime":"2021-06-25 22:38","market":"us","language":"en","title":"Netflix Rises as Credit Suisse Sees Subscriber Growth Normalizing<blockquote>瑞士信贷认为用户增长正常化，Netflix股价上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1119853713","media":"The Street","summary":"Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscrib","content":"<p>  Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscriber growth to normalize.  Shares of Netflix&nbsp;(<b>NFLX</b>) were higher on Friday after the video-streaming service was upgraded to outperform from neutral by analysts at Credit Suisse.</p><p><blockquote>瑞士信贷将Netflix的评级上调至跑赢大盘，目标价为586美元，预计用户增长将正常化。Netflix股票（<b>NFLX</b>）周五走高，此前瑞士信贷分析师将该视频流媒体服务从中性上调至跑赢大盘。</blockquote></p><p> The investment firm's analysts say they expect subscriber growth to normalize in the fourth quarter. A survey by the firm among U.S. customers reinforced the platform's competitive position and high user satisfaction, CS said.</p><p><blockquote>该投资公司的分析师表示，他们预计用户增长将在第四季度恢复正常。CS表示，该公司对美国客户的一项调查加强了该平台的竞争地位和高用户满意度。</blockquote></p><p> <b>Jon Markman on Real Money Picks Stocks for the Digital Future</b></p><p><blockquote><b>乔恩·马克曼(Jon Markman)谈Real Money为数字未来挑选股票</b></blockquote></p><p> Analysts maintained their $586 price target while saying the stock is at a favorable entry point and attractive absolute valuation.</p><p><blockquote>分析师维持586美元的目标价，同时表示该股处于有利的切入点和有吸引力的绝对估值。</blockquote></p><p> The firm sees a strong August to December pipeline on releases with \"numerous potential top-of-funnel titles,\" according to analyst Douglas Mitchelson. He also expects a stronger full-year slate in 2022 vs 2021.</p><p><blockquote>分析师道格拉斯·米切尔森(Douglas Mitchelson)表示，该公司预计8月至12月的发行渠道将强劲，其中包括“众多潜在的漏斗顶端游戏”。他还预计2022年全年业绩将比2021年更强劲。</blockquote></p><p> Second-quarter results and third-quarter guidance are still uncertain and any disappointment could be a \"clearing event\" ahead of a rebound in the fourth quarter, according to Mitchelson.</p><p><blockquote>米切尔森表示，第二季度业绩和第三季度指引仍不确定，任何失望都可能是第四季度反弹之前的“清算事件”。</blockquote></p><p> Shares of Netflix at last check were 1.7% higher $527.14.</p><p><blockquote>截至上次检查，Netflix股价上涨1.7%，达到527.14美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/abf3270957252db3a40ff3b8f395e66d\" tg-width=\"712\" tg-height=\"530\"></p><p><blockquote></blockquote></p><p> Earlier this month, Netflix and&nbsp;Amblin Partners, the film and television studio led by Steven Spielberg, raised the curtain ona partnership.&nbsp;In the deal, the Hollywood director's company will produce multiple films a year for the Los Gatos, Calif., streaming giant.</p><p><blockquote>本月早些时候，网飞和史蒂文·斯皮尔伯格领导的电影电视工作室Amblin Partners拉开了合作伙伴关系的帷幕。根据协议，这位好莱坞导演的公司将每年为这家位于加州洛斯加托斯的流媒体巨头制作多部电影。</blockquote></p><p> Spielberg, the Oscar-winning director of \"Schindler's&nbsp;List,\" \"Jurassic Park\" and \"Saving Private Ryan,\" will continue to direct movies for Comcast's&nbsp;(<b>CMCSA</b>) -Get ReportUniversal Pictures as part of a separate deal.</p><p><blockquote>曾执导过《辛德勒的名单》、《侏罗纪公园》和《拯救大兵瑞恩》的奥斯卡获奖导演斯皮尔伯格将继续为康卡斯特（<b>CMCSA</b>)-作为单独交易的一部分获取ReportUniversal Pictures。</blockquote></p><p> Earlier this month, Netflix launched Netflix.shop, whichwill sell curatedproducts including apparel, toys and games.</p><p><blockquote>本月早些时候，Netflix推出了Netflix.shop，将销售包括服装、玩具和游戏在内的精选产品。</blockquote></p><p></p>","source":"lsy1610613172068","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>Netflix Rises as Credit Suisse Sees Subscriber Growth Normalizing<blockquote>瑞士信贷认为用户增长正常化，Netflix股价上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNetflix Rises as Credit Suisse Sees Subscriber Growth Normalizing<blockquote>瑞士信贷认为用户增长正常化，Netflix股价上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-06-25 22:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscriber growth to normalize.  Shares of Netflix&nbsp;(<b>NFLX</b>) were higher on Friday after the video-streaming service was upgraded to outperform from neutral by analysts at Credit Suisse.</p><p><blockquote>瑞士信贷将Netflix的评级上调至跑赢大盘，目标价为586美元，预计用户增长将正常化。Netflix股票（<b>NFLX</b>）周五走高，此前瑞士信贷分析师将该视频流媒体服务从中性上调至跑赢大盘。</blockquote></p><p> The investment firm's analysts say they expect subscriber growth to normalize in the fourth quarter. A survey by the firm among U.S. customers reinforced the platform's competitive position and high user satisfaction, CS said.</p><p><blockquote>该投资公司的分析师表示，他们预计用户增长将在第四季度恢复正常。CS表示，该公司对美国客户的一项调查加强了该平台的竞争地位和高用户满意度。</blockquote></p><p> <b>Jon Markman on Real Money Picks Stocks for the Digital Future</b></p><p><blockquote><b>乔恩·马克曼(Jon Markman)谈Real Money为数字未来挑选股票</b></blockquote></p><p> Analysts maintained their $586 price target while saying the stock is at a favorable entry point and attractive absolute valuation.</p><p><blockquote>分析师维持586美元的目标价，同时表示该股处于有利的切入点和有吸引力的绝对估值。</blockquote></p><p> The firm sees a strong August to December pipeline on releases with \"numerous potential top-of-funnel titles,\" according to analyst Douglas Mitchelson. He also expects a stronger full-year slate in 2022 vs 2021.</p><p><blockquote>分析师道格拉斯·米切尔森(Douglas Mitchelson)表示，该公司预计8月至12月的发行渠道将强劲，其中包括“众多潜在的漏斗顶端游戏”。他还预计2022年全年业绩将比2021年更强劲。</blockquote></p><p> Second-quarter results and third-quarter guidance are still uncertain and any disappointment could be a \"clearing event\" ahead of a rebound in the fourth quarter, according to Mitchelson.</p><p><blockquote>米切尔森表示，第二季度业绩和第三季度指引仍不确定，任何失望都可能是第四季度反弹之前的“清算事件”。</blockquote></p><p> Shares of Netflix at last check were 1.7% higher $527.14.</p><p><blockquote>截至上次检查，Netflix股价上涨1.7%，达到527.14美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/abf3270957252db3a40ff3b8f395e66d\" tg-width=\"712\" tg-height=\"530\"></p><p><blockquote></blockquote></p><p> Earlier this month, Netflix and&nbsp;Amblin Partners, the film and television studio led by Steven Spielberg, raised the curtain ona partnership.&nbsp;In the deal, the Hollywood director's company will produce multiple films a year for the Los Gatos, Calif., streaming giant.</p><p><blockquote>本月早些时候，网飞和史蒂文·斯皮尔伯格领导的电影电视工作室Amblin Partners拉开了合作伙伴关系的帷幕。根据协议，这位好莱坞导演的公司将每年为这家位于加州洛斯加托斯的流媒体巨头制作多部电影。</blockquote></p><p> Spielberg, the Oscar-winning director of \"Schindler's&nbsp;List,\" \"Jurassic Park\" and \"Saving Private Ryan,\" will continue to direct movies for Comcast's&nbsp;(<b>CMCSA</b>) -Get ReportUniversal Pictures as part of a separate deal.</p><p><blockquote>曾执导过《辛德勒的名单》、《侏罗纪公园》和《拯救大兵瑞恩》的奥斯卡获奖导演斯皮尔伯格将继续为康卡斯特（<b>CMCSA</b>)-作为单独交易的一部分获取ReportUniversal Pictures。</blockquote></p><p> Earlier this month, Netflix launched Netflix.shop, whichwill sell curatedproducts including apparel, toys and games.</p><p><blockquote>本月早些时候，Netflix推出了Netflix.shop，将销售包括服装、玩具和游戏在内的精选产品。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/netflix-climbs-on-credit-suisse-upgrade-to-outperform\">The Street</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":{"NFLX":"奈飞"},"source_url":"https://www.thestreet.com/investing/netflix-climbs-on-credit-suisse-upgrade-to-outperform","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119853713","content_text":"Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscriber growth to normalize.\n\nShares of Netflix (NFLX) were higher on Friday after the video-streaming service was upgraded to outperform from neutral by analysts at Credit Suisse.\nThe investment firm's analysts say they expect subscriber growth to normalize in the fourth quarter. A survey by the firm among U.S. customers reinforced the platform's competitive position and high user satisfaction, CS said.\nJon Markman on Real Money Picks Stocks for the Digital Future\nAnalysts maintained their $586 price target while saying the stock is at a favorable entry point and attractive absolute valuation.\nThe firm sees a strong August to December pipeline on releases with \"numerous potential top-of-funnel titles,\" according to analyst Douglas Mitchelson. He also expects a stronger full-year slate in 2022 vs 2021.\nSecond-quarter results and third-quarter guidance are still uncertain and any disappointment could be a \"clearing event\" ahead of a rebound in the fourth quarter, according to Mitchelson.\nShares of Netflix at last check were 1.7% higher $527.14.\n\nEarlier this month, Netflix and Amblin Partners, the film and television studio led by Steven Spielberg, raised the curtain ona partnership. In the deal, the Hollywood director's company will produce multiple films a year for the Los Gatos, Calif., streaming giant.\nSpielberg, the Oscar-winning director of \"Schindler's List,\" \"Jurassic Park\" and \"Saving Private Ryan,\" will continue to direct movies for Comcast's (CMCSA) -Get ReportUniversal Pictures as part of a separate deal.\nEarlier this month, Netflix launched Netflix.shop, whichwill sell curatedproducts including apparel, toys and games.","news_type":1,"symbols_score_info":{"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":1614,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126747242,"gmtCreate":1624586214686,"gmtModify":1631889172571,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582197396832487","authorIdStr":"3582197396832487"},"themes":[],"htmlText":"like pls. Thanks&nbsp;","listText":"like pls. Thanks&nbsp;","text":"like pls. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/126747242","repostId":"2146256160","repostType":4,"isVote":1,"tweetType":1,"viewCount":1837,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120234786,"gmtCreate":1624324314445,"gmtModify":1631889172578,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582197396832487","authorIdStr":"3582197396832487"},"themes":[],"htmlText":"please like and comment. &nbsp;Thanks","listText":"please like and comment. &nbsp;Thanks","text":"please like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/120234786","repostId":"1165462665","repostType":4,"repost":{"id":"1165462665","kind":"news","pubTimestamp":1624322927,"share":"https://www.laohu8.com/m/news/1165462665?lang=zh_CN&edition=full","pubTime":"2021-06-22 08:48","market":"us","language":"en","title":"Evergrande Fights Short Sellers With $400 Million Asset Sale<blockquote>恒大以4亿美元资产出售对抗卖空者</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1165462665","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group is giving short sellers a run for their money.\nOn a day when t","content":"<p>(Bloomberg) -- China Evergrande Group is giving short sellers a run for their money.</p><p><blockquote>（彭博社）——中国恒大集团正在与卖空者展开竞争。</blockquote></p><p> On a day when the developer sank to a four-year low, a long-standing supporter of billionaire founder Hui Ka Yan swooped in to buy a stake in one of his property units that could release almost $400 million for the debt-ridden conglomerate.</p><p><blockquote>在这家开发商跌至四年低点的一天，亿万富翁创始人许家印的一位长期支持者突然买入了他的一个房地产部门的股份，这可能为这家负债累累的企业集团释放近4亿美元。</blockquote></p><p> Shares in the world’s most indebted property developer surged 9% on Monday, the most since January, from the day’s low, squeezing investors who have heaped on bets against the firm.</p><p><blockquote>这家全球负债最重的房地产开发商的股价周一从当日低点飙升9%，为1月份以来的最高水平，挤压了大量做空该公司的投资者。</blockquote></p><p> The move to sell shares in a Hangzhou unit to a company controlled by Wang Zhongming, a repeated investor in Hui’s operations, is Evergrande’s latest effort to tap deep-pocketed friends for financial support. The firm might need to dispose of more assets to raise funds and meet so-called three red lines -- regulations to curb developers’ debt, Bloomberg Intelligence analysts led by Daniel Fan wrote in a note.</p><p><blockquote>恒大将杭州一家子公司的股份出售给王忠明控制的一家公司，是恒大寻求财力雄厚的朋友提供资金支持的最新举措。王忠明曾多次投资惠氏的业务。以丹尼尔·范为首的彭博资讯分析师在一份报告中写道，该公司可能需要处置更多资产来筹集资金并满足所谓的三条红线——遏制开发商债务的法规。</blockquote></p><p> Key major assets that could be monetized include Evergrande’s tourism property, new electric vehicle, property services and the Fangchebao online sales platform, said Fan, adding that they could be worth more than 700 billion yuan ($108 billion).</p><p><blockquote>范说，可以变现的主要资产包括恒大的旅游地产、新型电动汽车、物业服务和房车宝在线销售平台，并补充说它们的价值可能超过7000亿元人民币（1080亿美元）。</blockquote></p><p> “This once again shows the paramount important role Evergrande’s friends play in its business operations,” said Maggie Hu, assistant professor of real estate and finance at Chinese University of Hong Kong. “Evergrande always count on them for fighting against this kind of liquidity crisis.”</p><p><blockquote>香港中文大学房地产与金融学助理教授Maggie Hu表示：“这再次表明恒大的朋友在其业务运营中发挥着至关重要的作用。”“恒大一直依靠他们来对抗这种流动性危机。”</blockquote></p><p> Evergrande shares closed at HK$10.80 in Hong Kong, after earlier falling as much as 1.8% to the lowest since May 2017.</p><p><blockquote>恒大股价在香港收于10.80港元，此前曾一度下跌1.8%，至2017年5月以来的最低水平。</blockquote></p><p> It plans to sell 29.9% of its stake in China Calxon Group Co. to a company controlled by Wang. The shares were valued at 2.5 billion yuan at the most recent close, according to data compiled by Bloomberg. Evergrande’s wholly owned unit Kailong Real Estate will hold 27.85% of the Hangzhou developer upon finalizing the deal, and will give up its voting rights in the remaining shares.</p><p><blockquote>该公司计划将其所持中国卡尔克森集团有限公司29.9%的股份出售给王控制的一家公司。根据彭博汇编的数据，截至最近收盘，该股估值为25亿元人民币。交易完成后，恒大全资子公司凯龙地产将持有这家杭州开发商27.85%的股份，并将放弃剩余股份的投票权。</blockquote></p><p> Multiple calls to Shenzhen Huajian went unanswered.</p><p><blockquote>多次向深华健评级均无人接听。</blockquote></p><p> Wang, whose businesses span from real estate to agriculture and finance, has long been an investor in Evergrande businesses. The Calxon stake buyer, Shenzhen Huajian Holdings, was also a strategic investor of Evergrande’s onshore division known as Hengda Real Estate. The unit had planned to go public in China and later triggered a liquidity scare when it failed to do so.</p><p><blockquote>王的业务范围从房地产到农业和金融，长期以来一直是恒大业务的投资者。Calxon股权买家深圳华建控股也是恒大在岸部门恒大地产的战略投资者。该部门曾计划在中国上市，但后来因未能上市而引发了流动性恐慌。</blockquote></p><p> Huajian put 5 billion yuan into Hengda in December 2016 as a first-round investor. Another firm backed by Wang invested 3.5 billion yuan in May 2017 as a second-round investor for the failed listing.</p><p><blockquote>华建于2016年12月作为首轮投资者向恒达注资50亿元。2017年5月，王支持的另一家公司作为失败上市的第二轮投资者投资了35亿元人民币。</blockquote></p><p> Wang’s Shenzhen Greenwoods Investment Group has 80 billion yuan in assets that include the mineral water, grain and oil businesses that were sold by Evergrande, its website shows. Greenwoods also invested 5 billion yuan in Evergrande’s electric-vehicle maker.</p><p><blockquote>其网站显示，王的深圳绿林投资集团拥有800亿元人民币的资产，其中包括被恒大出售的矿泉水、粮油业务。Greenwoods还向恒大电动汽车制造商投资了50亿元人民币。</blockquote></p><p> Evergrande’s liabilities including dollar bonds, bank loans and down payments from homebuyers swelled to 1.95 trillion yuan at the end of last year, about 77% of which were due within 12 months, according to its annual report. The firm plans to repay its $1.47 billion offshore bond maturing next Monday this week, Reuters reported Monday, citing an unidentified person.</p><p><blockquote>恒大年报显示，去年底，包括美元债券、银行贷款和购房者首付在内的负债增至1.95万亿元人民币，其中约77%的负债将在12个月内到期。路透社周一援引一位身份不明的人士的话报道称，该公司计划本周偿还下周一到期的14.7亿美元离岸债券。</blockquote></p><p> Most of the property firm’s long-dated dollar bonds were slightly higher Tuesday morning. Its 10.5% dollar bond due April 2024 rose 0.1 cent to 79.3 cents after climbing 1.4 cents on Monday, the biggest gain in six months.</p><p><blockquote>周二上午，该房地产公司的大多数长期美元债券小幅走高。其2024年4月到期的10.5%美元债券继周一上涨1.4美分后上涨0.1美分至79.3美分，创六个月来最大涨幅。</blockquote></p><p> Evergrande’s affiliates also rallied Monday. Real estate management unit Evergrande Property Services Group Ltd. closed 7.3% higher, the biggest gain in a month. Internet unit HengTen Networks Group Ltd. gained 11%, the most in more than five weeks.</p><p><blockquote>恒大的附属公司周一也上涨。房地产管理部门恒大物业服务集团有限公司收盘上涨7.3%，创一个月来最大涨幅。互联网子公司恒腾网络集团有限公司(HengTen Networks Group Ltd.)上涨11%，为五周多来最大涨幅。</blockquote></p><p> Some investors are betting on a short-term rebound in Evergrande shares after they lost more than 40% from their January high, Castor Pang, head of research at Core Pacific Yamaichi, said by phone.</p><p><blockquote>Core Pacific Yamaichi研究主管Castor Pang在电话中表示，在恒大股价较1月份高点下跌超过40%后，一些投资者押注恒大股价短期反弹。</blockquote></p><p> Short Interest</p><p><blockquote>空头利息</blockquote></p><p> Short interest in Evergrande has surged threefold in three weeks. It reached 22.8% of the company’s free float as of Thursday, the highest level since September 2018, data compiled by IHS Markit and Bloomberg show.</p><p><blockquote>恒大的空头兴趣在三周内激增了三倍。IHS Markit和彭博社汇编的数据显示，截至周四，该公司自由流通量达到22.8%，为2018年9月以来的最高水平。</blockquote></p><p> There are so few Evergrande shares readily available that traders would need about 22 days to cover their bearish bets -- or buy back borrowed stock to close out an open short position. That increases the risk of a short squeeze, when hedge funds are forced to liquidate their positions at increasingly higher prices.</p><p><blockquote>可获得的恒大股票如此之少，以至于交易者需要大约22天的时间来弥补他们的看跌押注，或者回购借入的股票以平仓未平仓的空头头寸。当对冲基金被迫以越来越高的价格平仓时，这增加了空头挤压的风险。</blockquote></p><p> The developer has also resumed its favored tactic of repurchasing shares to force bearish speculators out of their positions. It spent about HK$529 million on buybacks since June 7, according to Bloomberg calculations.</p><p><blockquote>该开发商还恢复了其青睐的回购股票策略，以迫使看跌投机者退出头寸。据彭博社计算，自6月7日以来，该公司已斥资约5.29亿港元进行回购。</blockquote></p><p> Worries over Evergrande’s future have grown in recent weeks after affiliates missed payments and Caixin Media’s WeNews reported that regulators are looking into Evergrande’s ties to Shengjing Bank Co. in northern China.</p><p><blockquote>最近几周，在关联公司拖欠付款以及财新传媒WeNews报道称监管机构正在调查恒大与中国北方盛京银行股份有限公司的关系后，人们对恒大未来的担忧加剧。</blockquote></p><p></p><p> The selloff worsened after WeNews reported last week that a local government discussed with Evergrande about paring its stake in Shengjing Bank, and the banking watchdog said it would curb a key source of financing for developers to control risk.</p><p><blockquote>WeNews上周报道称，当地政府与恒大讨论减持盛京银行股份，银行业监管机构表示将遏制开发商控制风险的一个关键融资来源，此后抛售加剧。</blockquote></p><p> “Evergrande may buy time with a combination of rollover, new investment, and capital market access,” said Brock Silvers, chief investment officer at Kaiyuan Capital in Hong Kong. “Friendly investment from white knight pals of the chairman have helped in the past, but ultimately won’t save the company.”</p><p><blockquote>香港开源资本首席投资官布洛克·西尔弗斯表示：“恒大可能会通过展期、新投资和资本市场准入的结合来赢得时间。”“董事长的白衣骑士朋友的友好投资过去有所帮助，但最终无法拯救公司。”</blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nEvergrande Fights Short Sellers With $400 Million Asset Sale<blockquote>恒大以4亿美元资产出售对抗卖空者</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2021-06-22 08:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Bloomberg) -- China Evergrande Group is giving short sellers a run for their money.</p><p><blockquote>（彭博社）——中国恒大集团正在与卖空者展开竞争。</blockquote></p><p> On a day when the developer sank to a four-year low, a long-standing supporter of billionaire founder Hui Ka Yan swooped in to buy a stake in one of his property units that could release almost $400 million for the debt-ridden conglomerate.</p><p><blockquote>在这家开发商跌至四年低点的一天，亿万富翁创始人许家印的一位长期支持者突然买入了他的一个房地产部门的股份，这可能为这家负债累累的企业集团释放近4亿美元。</blockquote></p><p> Shares in the world’s most indebted property developer surged 9% on Monday, the most since January, from the day’s low, squeezing investors who have heaped on bets against the firm.</p><p><blockquote>这家全球负债最重的房地产开发商的股价周一从当日低点飙升9%，为1月份以来的最高水平，挤压了大量做空该公司的投资者。</blockquote></p><p> The move to sell shares in a Hangzhou unit to a company controlled by Wang Zhongming, a repeated investor in Hui’s operations, is Evergrande’s latest effort to tap deep-pocketed friends for financial support. The firm might need to dispose of more assets to raise funds and meet so-called three red lines -- regulations to curb developers’ debt, Bloomberg Intelligence analysts led by Daniel Fan wrote in a note.</p><p><blockquote>恒大将杭州一家子公司的股份出售给王忠明控制的一家公司，是恒大寻求财力雄厚的朋友提供资金支持的最新举措。王忠明曾多次投资惠氏的业务。以丹尼尔·范为首的彭博资讯分析师在一份报告中写道，该公司可能需要处置更多资产来筹集资金并满足所谓的三条红线——遏制开发商债务的法规。</blockquote></p><p> Key major assets that could be monetized include Evergrande’s tourism property, new electric vehicle, property services and the Fangchebao online sales platform, said Fan, adding that they could be worth more than 700 billion yuan ($108 billion).</p><p><blockquote>范说，可以变现的主要资产包括恒大的旅游地产、新型电动汽车、物业服务和房车宝在线销售平台，并补充说它们的价值可能超过7000亿元人民币（1080亿美元）。</blockquote></p><p> “This once again shows the paramount important role Evergrande’s friends play in its business operations,” said Maggie Hu, assistant professor of real estate and finance at Chinese University of Hong Kong. “Evergrande always count on them for fighting against this kind of liquidity crisis.”</p><p><blockquote>香港中文大学房地产与金融学助理教授Maggie Hu表示：“这再次表明恒大的朋友在其业务运营中发挥着至关重要的作用。”“恒大一直依靠他们来对抗这种流动性危机。”</blockquote></p><p> Evergrande shares closed at HK$10.80 in Hong Kong, after earlier falling as much as 1.8% to the lowest since May 2017.</p><p><blockquote>恒大股价在香港收于10.80港元，此前曾一度下跌1.8%，至2017年5月以来的最低水平。</blockquote></p><p> It plans to sell 29.9% of its stake in China Calxon Group Co. to a company controlled by Wang. The shares were valued at 2.5 billion yuan at the most recent close, according to data compiled by Bloomberg. Evergrande’s wholly owned unit Kailong Real Estate will hold 27.85% of the Hangzhou developer upon finalizing the deal, and will give up its voting rights in the remaining shares.</p><p><blockquote>该公司计划将其所持中国卡尔克森集团有限公司29.9%的股份出售给王控制的一家公司。根据彭博汇编的数据，截至最近收盘，该股估值为25亿元人民币。交易完成后，恒大全资子公司凯龙地产将持有这家杭州开发商27.85%的股份，并将放弃剩余股份的投票权。</blockquote></p><p> Multiple calls to Shenzhen Huajian went unanswered.</p><p><blockquote>多次向深华健评级均无人接听。</blockquote></p><p> Wang, whose businesses span from real estate to agriculture and finance, has long been an investor in Evergrande businesses. The Calxon stake buyer, Shenzhen Huajian Holdings, was also a strategic investor of Evergrande’s onshore division known as Hengda Real Estate. The unit had planned to go public in China and later triggered a liquidity scare when it failed to do so.</p><p><blockquote>王的业务范围从房地产到农业和金融，长期以来一直是恒大业务的投资者。Calxon股权买家深圳华建控股也是恒大在岸部门恒大地产的战略投资者。该部门曾计划在中国上市，但后来因未能上市而引发了流动性恐慌。</blockquote></p><p> Huajian put 5 billion yuan into Hengda in December 2016 as a first-round investor. Another firm backed by Wang invested 3.5 billion yuan in May 2017 as a second-round investor for the failed listing.</p><p><blockquote>华建于2016年12月作为首轮投资者向恒达注资50亿元。2017年5月，王支持的另一家公司作为失败上市的第二轮投资者投资了35亿元人民币。</blockquote></p><p> Wang’s Shenzhen Greenwoods Investment Group has 80 billion yuan in assets that include the mineral water, grain and oil businesses that were sold by Evergrande, its website shows. Greenwoods also invested 5 billion yuan in Evergrande’s electric-vehicle maker.</p><p><blockquote>其网站显示，王的深圳绿林投资集团拥有800亿元人民币的资产，其中包括被恒大出售的矿泉水、粮油业务。Greenwoods还向恒大电动汽车制造商投资了50亿元人民币。</blockquote></p><p> Evergrande’s liabilities including dollar bonds, bank loans and down payments from homebuyers swelled to 1.95 trillion yuan at the end of last year, about 77% of which were due within 12 months, according to its annual report. The firm plans to repay its $1.47 billion offshore bond maturing next Monday this week, Reuters reported Monday, citing an unidentified person.</p><p><blockquote>恒大年报显示，去年底，包括美元债券、银行贷款和购房者首付在内的负债增至1.95万亿元人民币，其中约77%的负债将在12个月内到期。路透社周一援引一位身份不明的人士的话报道称，该公司计划本周偿还下周一到期的14.7亿美元离岸债券。</blockquote></p><p> Most of the property firm’s long-dated dollar bonds were slightly higher Tuesday morning. Its 10.5% dollar bond due April 2024 rose 0.1 cent to 79.3 cents after climbing 1.4 cents on Monday, the biggest gain in six months.</p><p><blockquote>周二上午，该房地产公司的大多数长期美元债券小幅走高。其2024年4月到期的10.5%美元债券继周一上涨1.4美分后上涨0.1美分至79.3美分，创六个月来最大涨幅。</blockquote></p><p> Evergrande’s affiliates also rallied Monday. Real estate management unit Evergrande Property Services Group Ltd. closed 7.3% higher, the biggest gain in a month. Internet unit HengTen Networks Group Ltd. gained 11%, the most in more than five weeks.</p><p><blockquote>恒大的附属公司周一也上涨。房地产管理部门恒大物业服务集团有限公司收盘上涨7.3%，创一个月来最大涨幅。互联网子公司恒腾网络集团有限公司(HengTen Networks Group Ltd.)上涨11%，为五周多来最大涨幅。</blockquote></p><p> Some investors are betting on a short-term rebound in Evergrande shares after they lost more than 40% from their January high, Castor Pang, head of research at Core Pacific Yamaichi, said by phone.</p><p><blockquote>Core Pacific Yamaichi研究主管Castor Pang在电话中表示，在恒大股价较1月份高点下跌超过40%后，一些投资者押注恒大股价短期反弹。</blockquote></p><p> Short Interest</p><p><blockquote>空头利息</blockquote></p><p> Short interest in Evergrande has surged threefold in three weeks. It reached 22.8% of the company’s free float as of Thursday, the highest level since September 2018, data compiled by IHS Markit and Bloomberg show.</p><p><blockquote>恒大的空头兴趣在三周内激增了三倍。IHS Markit和彭博社汇编的数据显示，截至周四，该公司自由流通量达到22.8%，为2018年9月以来的最高水平。</blockquote></p><p> There are so few Evergrande shares readily available that traders would need about 22 days to cover their bearish bets -- or buy back borrowed stock to close out an open short position. That increases the risk of a short squeeze, when hedge funds are forced to liquidate their positions at increasingly higher prices.</p><p><blockquote>可获得的恒大股票如此之少，以至于交易者需要大约22天的时间来弥补他们的看跌押注，或者回购借入的股票以平仓未平仓的空头头寸。当对冲基金被迫以越来越高的价格平仓时，这增加了空头挤压的风险。</blockquote></p><p> The developer has also resumed its favored tactic of repurchasing shares to force bearish speculators out of their positions. It spent about HK$529 million on buybacks since June 7, according to Bloomberg calculations.</p><p><blockquote>该开发商还恢复了其青睐的回购股票策略，以迫使看跌投机者退出头寸。据彭博社计算，自6月7日以来，该公司已斥资约5.29亿港元进行回购。</blockquote></p><p> Worries over Evergrande’s future have grown in recent weeks after affiliates missed payments and Caixin Media’s WeNews reported that regulators are looking into Evergrande’s ties to Shengjing Bank Co. in northern China.</p><p><blockquote>最近几周，在关联公司拖欠付款以及财新传媒WeNews报道称监管机构正在调查恒大与中国北方盛京银行股份有限公司的关系后，人们对恒大未来的担忧加剧。</blockquote></p><p></p><p> The selloff worsened after WeNews reported last week that a local government discussed with Evergrande about paring its stake in Shengjing Bank, and the banking watchdog said it would curb a key source of financing for developers to control risk.</p><p><blockquote>WeNews上周报道称，当地政府与恒大讨论减持盛京银行股份，银行业监管机构表示将遏制开发商控制风险的一个关键融资来源，此后抛售加剧。</blockquote></p><p> “Evergrande may buy time with a combination of rollover, new investment, and capital market access,” said Brock Silvers, chief investment officer at Kaiyuan Capital in Hong Kong. “Friendly investment from white knight pals of the chairman have helped in the past, but ultimately won’t save the company.”</p><p><blockquote>香港开源资本首席投资官布洛克·西尔弗斯表示：“恒大可能会通过展期、新投资和资本市场准入的结合来赢得时间。”“董事长的白衣骑士朋友的友好投资过去有所帮助，但最终无法拯救公司。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/evergrande-bounces-hitting-four-low-025344866.html\">Bloomberg</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-bounces-hitting-four-low-025344866.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165462665","content_text":"(Bloomberg) -- China Evergrande Group is giving short sellers a run for their money.\nOn a day when the developer sank to a four-year low, a long-standing supporter of billionaire founder Hui Ka Yan swooped in to buy a stake in one of his property units that could release almost $400 million for the debt-ridden conglomerate.\nShares in the world’s most indebted property developer surged 9% on Monday, the most since January, from the day’s low, squeezing investors who have heaped on bets against the firm.\nThe move to sell shares in a Hangzhou unit to a company controlled by Wang Zhongming, a repeated investor in Hui’s operations, is Evergrande’s latest effort to tap deep-pocketed friends for financial support. The firm might need to dispose of more assets to raise funds and meet so-called three red lines -- regulations to curb developers’ debt, Bloomberg Intelligence analysts led by Daniel Fan wrote in a note.\nKey major assets that could be monetized include Evergrande’s tourism property, new electric vehicle, property services and the Fangchebao online sales platform, said Fan, adding that they could be worth more than 700 billion yuan ($108 billion).\n“This once again shows the paramount important role Evergrande’s friends play in its business operations,” said Maggie Hu, assistant professor of real estate and finance at Chinese University of Hong Kong. “Evergrande always count on them for fighting against this kind of liquidity crisis.”\nEvergrande shares closed at HK$10.80 in Hong Kong, after earlier falling as much as 1.8% to the lowest since May 2017.\nIt plans to sell 29.9% of its stake in China Calxon Group Co. to a company controlled by Wang. The shares were valued at 2.5 billion yuan at the most recent close, according to data compiled by Bloomberg. Evergrande’s wholly owned unit Kailong Real Estate will hold 27.85% of the Hangzhou developer upon finalizing the deal, and will give up its voting rights in the remaining shares.\nMultiple calls to Shenzhen Huajian went unanswered.\nWang, whose businesses span from real estate to agriculture and finance, has long been an investor in Evergrande businesses. The Calxon stake buyer, Shenzhen Huajian Holdings, was also a strategic investor of Evergrande’s onshore division known as Hengda Real Estate. The unit had planned to go public in China and later triggered a liquidity scare when it failed to do so.\nHuajian put 5 billion yuan into Hengda in December 2016 as a first-round investor. Another firm backed by Wang invested 3.5 billion yuan in May 2017 as a second-round investor for the failed listing.\nWang’s Shenzhen Greenwoods Investment Group has 80 billion yuan in assets that include the mineral water, grain and oil businesses that were sold by Evergrande, its website shows. Greenwoods also invested 5 billion yuan in Evergrande’s electric-vehicle maker.\nEvergrande’s liabilities including dollar bonds, bank loans and down payments from homebuyers swelled to 1.95 trillion yuan at the end of last year, about 77% of which were due within 12 months, according to its annual report. The firm plans to repay its $1.47 billion offshore bond maturing next Monday this week, Reuters reported Monday, citing an unidentified person.\nMost of the property firm’s long-dated dollar bonds were slightly higher Tuesday morning. Its 10.5% dollar bond due April 2024 rose 0.1 cent to 79.3 cents after climbing 1.4 cents on Monday, the biggest gain in six months.\nEvergrande’s affiliates also rallied Monday. Real estate management unit Evergrande Property Services Group Ltd. closed 7.3% higher, the biggest gain in a month. Internet unit HengTen Networks Group Ltd. gained 11%, the most in more than five weeks.\nSome investors are betting on a short-term rebound in Evergrande shares after they lost more than 40% from their January high, Castor Pang, head of research at Core Pacific Yamaichi, said by phone.\nShort Interest\nShort interest in Evergrande has surged threefold in three weeks. It reached 22.8% of the company’s free float as of Thursday, the highest level since September 2018, data compiled by IHS Markit and Bloomberg show.\nThere are so few Evergrande shares readily available that traders would need about 22 days to cover their bearish bets -- or buy back borrowed stock to close out an open short position. That increases the risk of a short squeeze, when hedge funds are forced to liquidate their positions at increasingly higher prices.\nThe developer has also resumed its favored tactic of repurchasing shares to force bearish speculators out of their positions. It spent about HK$529 million on buybacks since June 7, according to Bloomberg calculations.\nWorries over Evergrande’s future have grown in recent weeks after affiliates missed payments and Caixin Media’s WeNews reported that regulators are looking into Evergrande’s ties to Shengjing Bank Co. in northern China.\nThe selloff worsened after WeNews reported last week that a local government discussed with Evergrande about paring its stake in Shengjing Bank, and the banking watchdog said it would curb a key source of financing for developers to control risk.\n“Evergrande may buy time with a combination of rollover, new investment, and capital market access,” said Brock Silvers, chief investment officer at Kaiyuan Capital in Hong Kong. “Friendly investment from white knight pals of the chairman have helped in the past, but ultimately won’t save the company.”","news_type":1,"symbols_score_info":{"03333":0.9}},"isVote":1,"tweetType":1,"viewCount":2186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":842013316,"gmtCreate":1636120213560,"gmtModify":1636121397575,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582197396832487","authorIdStr":"3582197396832487"},"themes":[],"htmlText":"gd","listText":"gd","text":"gd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/842013316","repostId":"1119853713","repostType":4,"repost":{"id":"1119853713","kind":"news","pubTimestamp":1624631902,"share":"https://www.laohu8.com/m/news/1119853713?lang=zh_CN&edition=full","pubTime":"2021-06-25 22:38","market":"us","language":"en","title":"Netflix Rises as Credit Suisse Sees Subscriber Growth Normalizing<blockquote>瑞士信贷认为用户增长正常化，Netflix股价上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1119853713","media":"The Street","summary":"Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscrib","content":"<p>  Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscriber growth to normalize.  Shares of Netflix&nbsp;(<b>NFLX</b>) were higher on Friday after the video-streaming service was upgraded to outperform from neutral by analysts at Credit Suisse.</p><p><blockquote>瑞士信贷将Netflix的评级上调至跑赢大盘，目标价为586美元，预计用户增长将正常化。Netflix股票（<b>NFLX</b>）周五走高，此前瑞士信贷分析师将该视频流媒体服务从中性上调至跑赢大盘。</blockquote></p><p> The investment firm's analysts say they expect subscriber growth to normalize in the fourth quarter. A survey by the firm among U.S. customers reinforced the platform's competitive position and high user satisfaction, CS said.</p><p><blockquote>该投资公司的分析师表示，他们预计用户增长将在第四季度恢复正常。CS表示，该公司对美国客户的一项调查加强了该平台的竞争地位和高用户满意度。</blockquote></p><p> <b>Jon Markman on Real Money Picks Stocks for the Digital Future</b></p><p><blockquote><b>乔恩·马克曼(Jon Markman)谈Real Money为数字未来挑选股票</b></blockquote></p><p> Analysts maintained their $586 price target while saying the stock is at a favorable entry point and attractive absolute valuation.</p><p><blockquote>分析师维持586美元的目标价，同时表示该股处于有利的切入点和有吸引力的绝对估值。</blockquote></p><p> The firm sees a strong August to December pipeline on releases with \"numerous potential top-of-funnel titles,\" according to analyst Douglas Mitchelson. He also expects a stronger full-year slate in 2022 vs 2021.</p><p><blockquote>分析师道格拉斯·米切尔森(Douglas Mitchelson)表示，该公司预计8月至12月的发行渠道将强劲，其中包括“众多潜在的漏斗顶端游戏”。他还预计2022年全年业绩将比2021年更强劲。</blockquote></p><p> Second-quarter results and third-quarter guidance are still uncertain and any disappointment could be a \"clearing event\" ahead of a rebound in the fourth quarter, according to Mitchelson.</p><p><blockquote>米切尔森表示，第二季度业绩和第三季度指引仍不确定，任何失望都可能是第四季度反弹之前的“清算事件”。</blockquote></p><p> Shares of Netflix at last check were 1.7% higher $527.14.</p><p><blockquote>截至上次检查，Netflix股价上涨1.7%，达到527.14美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/abf3270957252db3a40ff3b8f395e66d\" tg-width=\"712\" tg-height=\"530\"></p><p><blockquote></blockquote></p><p> Earlier this month, Netflix and&nbsp;Amblin Partners, the film and television studio led by Steven Spielberg, raised the curtain ona partnership.&nbsp;In the deal, the Hollywood director's company will produce multiple films a year for the Los Gatos, Calif., streaming giant.</p><p><blockquote>本月早些时候，网飞和史蒂文·斯皮尔伯格领导的电影电视工作室Amblin Partners拉开了合作伙伴关系的帷幕。根据协议，这位好莱坞导演的公司将每年为这家位于加州洛斯加托斯的流媒体巨头制作多部电影。</blockquote></p><p> Spielberg, the Oscar-winning director of \"Schindler's&nbsp;List,\" \"Jurassic Park\" and \"Saving Private Ryan,\" will continue to direct movies for Comcast's&nbsp;(<b>CMCSA</b>) -Get ReportUniversal Pictures as part of a separate deal.</p><p><blockquote>曾执导过《辛德勒的名单》、《侏罗纪公园》和《拯救大兵瑞恩》的奥斯卡获奖导演斯皮尔伯格将继续为康卡斯特（<b>CMCSA</b>)-作为单独交易的一部分获取ReportUniversal Pictures。</blockquote></p><p> Earlier this month, Netflix launched Netflix.shop, whichwill sell curatedproducts including apparel, toys and games.</p><p><blockquote>本月早些时候，Netflix推出了Netflix.shop，将销售包括服装、玩具和游戏在内的精选产品。</blockquote></p><p></p>","source":"lsy1610613172068","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>Netflix Rises as Credit Suisse Sees Subscriber Growth Normalizing<blockquote>瑞士信贷认为用户增长正常化，Netflix股价上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNetflix Rises as Credit Suisse Sees Subscriber Growth Normalizing<blockquote>瑞士信贷认为用户增长正常化，Netflix股价上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-06-25 22:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscriber growth to normalize.  Shares of Netflix&nbsp;(<b>NFLX</b>) were higher on Friday after the video-streaming service was upgraded to outperform from neutral by analysts at Credit Suisse.</p><p><blockquote>瑞士信贷将Netflix的评级上调至跑赢大盘，目标价为586美元，预计用户增长将正常化。Netflix股票（<b>NFLX</b>）周五走高，此前瑞士信贷分析师将该视频流媒体服务从中性上调至跑赢大盘。</blockquote></p><p> The investment firm's analysts say they expect subscriber growth to normalize in the fourth quarter. A survey by the firm among U.S. customers reinforced the platform's competitive position and high user satisfaction, CS said.</p><p><blockquote>该投资公司的分析师表示，他们预计用户增长将在第四季度恢复正常。CS表示，该公司对美国客户的一项调查加强了该平台的竞争地位和高用户满意度。</blockquote></p><p> <b>Jon Markman on Real Money Picks Stocks for the Digital Future</b></p><p><blockquote><b>乔恩·马克曼(Jon Markman)谈Real Money为数字未来挑选股票</b></blockquote></p><p> Analysts maintained their $586 price target while saying the stock is at a favorable entry point and attractive absolute valuation.</p><p><blockquote>分析师维持586美元的目标价，同时表示该股处于有利的切入点和有吸引力的绝对估值。</blockquote></p><p> The firm sees a strong August to December pipeline on releases with \"numerous potential top-of-funnel titles,\" according to analyst Douglas Mitchelson. He also expects a stronger full-year slate in 2022 vs 2021.</p><p><blockquote>分析师道格拉斯·米切尔森(Douglas Mitchelson)表示，该公司预计8月至12月的发行渠道将强劲，其中包括“众多潜在的漏斗顶端游戏”。他还预计2022年全年业绩将比2021年更强劲。</blockquote></p><p> Second-quarter results and third-quarter guidance are still uncertain and any disappointment could be a \"clearing event\" ahead of a rebound in the fourth quarter, according to Mitchelson.</p><p><blockquote>米切尔森表示，第二季度业绩和第三季度指引仍不确定，任何失望都可能是第四季度反弹之前的“清算事件”。</blockquote></p><p> Shares of Netflix at last check were 1.7% higher $527.14.</p><p><blockquote>截至上次检查，Netflix股价上涨1.7%，达到527.14美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/abf3270957252db3a40ff3b8f395e66d\" tg-width=\"712\" tg-height=\"530\"></p><p><blockquote></blockquote></p><p> Earlier this month, Netflix and&nbsp;Amblin Partners, the film and television studio led by Steven Spielberg, raised the curtain ona partnership.&nbsp;In the deal, the Hollywood director's company will produce multiple films a year for the Los Gatos, Calif., streaming giant.</p><p><blockquote>本月早些时候，网飞和史蒂文·斯皮尔伯格领导的电影电视工作室Amblin Partners拉开了合作伙伴关系的帷幕。根据协议，这位好莱坞导演的公司将每年为这家位于加州洛斯加托斯的流媒体巨头制作多部电影。</blockquote></p><p> Spielberg, the Oscar-winning director of \"Schindler's&nbsp;List,\" \"Jurassic Park\" and \"Saving Private Ryan,\" will continue to direct movies for Comcast's&nbsp;(<b>CMCSA</b>) -Get ReportUniversal Pictures as part of a separate deal.</p><p><blockquote>曾执导过《辛德勒的名单》、《侏罗纪公园》和《拯救大兵瑞恩》的奥斯卡获奖导演斯皮尔伯格将继续为康卡斯特（<b>CMCSA</b>)-作为单独交易的一部分获取ReportUniversal Pictures。</blockquote></p><p> Earlier this month, Netflix launched Netflix.shop, whichwill sell curatedproducts including apparel, toys and games.</p><p><blockquote>本月早些时候，Netflix推出了Netflix.shop，将销售包括服装、玩具和游戏在内的精选产品。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/netflix-climbs-on-credit-suisse-upgrade-to-outperform\">The Street</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":{"NFLX":"奈飞"},"source_url":"https://www.thestreet.com/investing/netflix-climbs-on-credit-suisse-upgrade-to-outperform","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119853713","content_text":"Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscriber growth to normalize.\n\nShares of Netflix (NFLX) were higher on Friday after the video-streaming service was upgraded to outperform from neutral by analysts at Credit Suisse.\nThe investment firm's analysts say they expect subscriber growth to normalize in the fourth quarter. A survey by the firm among U.S. customers reinforced the platform's competitive position and high user satisfaction, CS said.\nJon Markman on Real Money Picks Stocks for the Digital Future\nAnalysts maintained their $586 price target while saying the stock is at a favorable entry point and attractive absolute valuation.\nThe firm sees a strong August to December pipeline on releases with \"numerous potential top-of-funnel titles,\" according to analyst Douglas Mitchelson. He also expects a stronger full-year slate in 2022 vs 2021.\nSecond-quarter results and third-quarter guidance are still uncertain and any disappointment could be a \"clearing event\" ahead of a rebound in the fourth quarter, according to Mitchelson.\nShares of Netflix at last check were 1.7% higher $527.14.\n\nEarlier this month, Netflix and Amblin Partners, the film and television studio led by Steven Spielberg, raised the curtain ona partnership. In the deal, the Hollywood director's company will produce multiple films a year for the Los Gatos, Calif., streaming giant.\nSpielberg, the Oscar-winning director of \"Schindler's List,\" \"Jurassic Park\" and \"Saving Private Ryan,\" will continue to direct movies for Comcast's (CMCSA) -Get ReportUniversal Pictures as part of a separate deal.\nEarlier this month, Netflix launched Netflix.shop, whichwill sell curatedproducts including apparel, toys and games.","news_type":1,"symbols_score_info":{"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":1737,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":867809155,"gmtCreate":1633232386956,"gmtModify":1633232387128,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582197396832487","authorIdStr":"3582197396832487"},"themes":[],"htmlText":"c//<a href=\"https://laohu8.com/U/3582197396832487\">@Hello_kitty</a>:like and comment","listText":"c//<a href=\"https://laohu8.com/U/3582197396832487\">@Hello_kitty</a>:like and comment","text":"c//@Hello_kitty:like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/867809155","repostId":"1119853713","repostType":4,"repost":{"id":"1119853713","kind":"news","pubTimestamp":1624631902,"share":"https://www.laohu8.com/m/news/1119853713?lang=zh_CN&edition=full","pubTime":"2021-06-25 22:38","market":"us","language":"en","title":"Netflix Rises as Credit Suisse Sees Subscriber Growth Normalizing<blockquote>瑞士信贷认为用户增长正常化，Netflix股价上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1119853713","media":"The Street","summary":"Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscrib","content":"<p>  Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscriber growth to normalize.  Shares of Netflix&nbsp;(<b>NFLX</b>) were higher on Friday after the video-streaming service was upgraded to outperform from neutral by analysts at Credit Suisse.</p><p><blockquote>瑞士信贷将Netflix的评级上调至跑赢大盘，目标价为586美元，预计用户增长将正常化。Netflix股票（<b>NFLX</b>）周五走高，此前瑞士信贷分析师将该视频流媒体服务从中性上调至跑赢大盘。</blockquote></p><p> The investment firm's analysts say they expect subscriber growth to normalize in the fourth quarter. A survey by the firm among U.S. customers reinforced the platform's competitive position and high user satisfaction, CS said.</p><p><blockquote>该投资公司的分析师表示，他们预计用户增长将在第四季度恢复正常。CS表示，该公司对美国客户的一项调查加强了该平台的竞争地位和高用户满意度。</blockquote></p><p> <b>Jon Markman on Real Money Picks Stocks for the Digital Future</b></p><p><blockquote><b>乔恩·马克曼(Jon Markman)谈Real Money为数字未来挑选股票</b></blockquote></p><p> Analysts maintained their $586 price target while saying the stock is at a favorable entry point and attractive absolute valuation.</p><p><blockquote>分析师维持586美元的目标价，同时表示该股处于有利的切入点和有吸引力的绝对估值。</blockquote></p><p> The firm sees a strong August to December pipeline on releases with \"numerous potential top-of-funnel titles,\" according to analyst Douglas Mitchelson. He also expects a stronger full-year slate in 2022 vs 2021.</p><p><blockquote>分析师道格拉斯·米切尔森(Douglas Mitchelson)表示，该公司预计8月至12月的发行渠道将强劲，其中包括“众多潜在的漏斗顶端游戏”。他还预计2022年全年业绩将比2021年更强劲。</blockquote></p><p> Second-quarter results and third-quarter guidance are still uncertain and any disappointment could be a \"clearing event\" ahead of a rebound in the fourth quarter, according to Mitchelson.</p><p><blockquote>米切尔森表示，第二季度业绩和第三季度指引仍不确定，任何失望都可能是第四季度反弹之前的“清算事件”。</blockquote></p><p> Shares of Netflix at last check were 1.7% higher $527.14.</p><p><blockquote>截至上次检查，Netflix股价上涨1.7%，达到527.14美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/abf3270957252db3a40ff3b8f395e66d\" tg-width=\"712\" tg-height=\"530\"></p><p><blockquote></blockquote></p><p> Earlier this month, Netflix and&nbsp;Amblin Partners, the film and television studio led by Steven Spielberg, raised the curtain ona partnership.&nbsp;In the deal, the Hollywood director's company will produce multiple films a year for the Los Gatos, Calif., streaming giant.</p><p><blockquote>本月早些时候，网飞和史蒂文·斯皮尔伯格领导的电影电视工作室Amblin Partners拉开了合作伙伴关系的帷幕。根据协议，这位好莱坞导演的公司将每年为这家位于加州洛斯加托斯的流媒体巨头制作多部电影。</blockquote></p><p> Spielberg, the Oscar-winning director of \"Schindler's&nbsp;List,\" \"Jurassic Park\" and \"Saving Private Ryan,\" will continue to direct movies for Comcast's&nbsp;(<b>CMCSA</b>) -Get ReportUniversal Pictures as part of a separate deal.</p><p><blockquote>曾执导过《辛德勒的名单》、《侏罗纪公园》和《拯救大兵瑞恩》的奥斯卡获奖导演斯皮尔伯格将继续为康卡斯特（<b>CMCSA</b>)-作为单独交易的一部分获取ReportUniversal Pictures。</blockquote></p><p> Earlier this month, Netflix launched Netflix.shop, whichwill sell curatedproducts including apparel, toys and games.</p><p><blockquote>本月早些时候，Netflix推出了Netflix.shop，将销售包括服装、玩具和游戏在内的精选产品。</blockquote></p><p></p>","source":"lsy1610613172068","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>Netflix Rises as Credit Suisse Sees Subscriber Growth Normalizing<blockquote>瑞士信贷认为用户增长正常化，Netflix股价上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNetflix Rises as Credit Suisse Sees Subscriber Growth Normalizing<blockquote>瑞士信贷认为用户增长正常化，Netflix股价上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-06-25 22:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscriber growth to normalize.  Shares of Netflix&nbsp;(<b>NFLX</b>) were higher on Friday after the video-streaming service was upgraded to outperform from neutral by analysts at Credit Suisse.</p><p><blockquote>瑞士信贷将Netflix的评级上调至跑赢大盘，目标价为586美元，预计用户增长将正常化。Netflix股票（<b>NFLX</b>）周五走高，此前瑞士信贷分析师将该视频流媒体服务从中性上调至跑赢大盘。</blockquote></p><p> The investment firm's analysts say they expect subscriber growth to normalize in the fourth quarter. A survey by the firm among U.S. customers reinforced the platform's competitive position and high user satisfaction, CS said.</p><p><blockquote>该投资公司的分析师表示，他们预计用户增长将在第四季度恢复正常。CS表示，该公司对美国客户的一项调查加强了该平台的竞争地位和高用户满意度。</blockquote></p><p> <b>Jon Markman on Real Money Picks Stocks for the Digital Future</b></p><p><blockquote><b>乔恩·马克曼(Jon Markman)谈Real Money为数字未来挑选股票</b></blockquote></p><p> Analysts maintained their $586 price target while saying the stock is at a favorable entry point and attractive absolute valuation.</p><p><blockquote>分析师维持586美元的目标价，同时表示该股处于有利的切入点和有吸引力的绝对估值。</blockquote></p><p> The firm sees a strong August to December pipeline on releases with \"numerous potential top-of-funnel titles,\" according to analyst Douglas Mitchelson. He also expects a stronger full-year slate in 2022 vs 2021.</p><p><blockquote>分析师道格拉斯·米切尔森(Douglas Mitchelson)表示，该公司预计8月至12月的发行渠道将强劲，其中包括“众多潜在的漏斗顶端游戏”。他还预计2022年全年业绩将比2021年更强劲。</blockquote></p><p> Second-quarter results and third-quarter guidance are still uncertain and any disappointment could be a \"clearing event\" ahead of a rebound in the fourth quarter, according to Mitchelson.</p><p><blockquote>米切尔森表示，第二季度业绩和第三季度指引仍不确定，任何失望都可能是第四季度反弹之前的“清算事件”。</blockquote></p><p> Shares of Netflix at last check were 1.7% higher $527.14.</p><p><blockquote>截至上次检查，Netflix股价上涨1.7%，达到527.14美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/abf3270957252db3a40ff3b8f395e66d\" tg-width=\"712\" tg-height=\"530\"></p><p><blockquote></blockquote></p><p> Earlier this month, Netflix and&nbsp;Amblin Partners, the film and television studio led by Steven Spielberg, raised the curtain ona partnership.&nbsp;In the deal, the Hollywood director's company will produce multiple films a year for the Los Gatos, Calif., streaming giant.</p><p><blockquote>本月早些时候，网飞和史蒂文·斯皮尔伯格领导的电影电视工作室Amblin Partners拉开了合作伙伴关系的帷幕。根据协议，这位好莱坞导演的公司将每年为这家位于加州洛斯加托斯的流媒体巨头制作多部电影。</blockquote></p><p> Spielberg, the Oscar-winning director of \"Schindler's&nbsp;List,\" \"Jurassic Park\" and \"Saving Private Ryan,\" will continue to direct movies for Comcast's&nbsp;(<b>CMCSA</b>) -Get ReportUniversal Pictures as part of a separate deal.</p><p><blockquote>曾执导过《辛德勒的名单》、《侏罗纪公园》和《拯救大兵瑞恩》的奥斯卡获奖导演斯皮尔伯格将继续为康卡斯特（<b>CMCSA</b>)-作为单独交易的一部分获取ReportUniversal Pictures。</blockquote></p><p> Earlier this month, Netflix launched Netflix.shop, whichwill sell curatedproducts including apparel, toys and games.</p><p><blockquote>本月早些时候，Netflix推出了Netflix.shop，将销售包括服装、玩具和游戏在内的精选产品。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/netflix-climbs-on-credit-suisse-upgrade-to-outperform\">The Street</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":{"NFLX":"奈飞"},"source_url":"https://www.thestreet.com/investing/netflix-climbs-on-credit-suisse-upgrade-to-outperform","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119853713","content_text":"Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscriber growth to normalize.\n\nShares of Netflix (NFLX) were higher on Friday after the video-streaming service was upgraded to outperform from neutral by analysts at Credit Suisse.\nThe investment firm's analysts say they expect subscriber growth to normalize in the fourth quarter. A survey by the firm among U.S. customers reinforced the platform's competitive position and high user satisfaction, CS said.\nJon Markman on Real Money Picks Stocks for the Digital Future\nAnalysts maintained their $586 price target while saying the stock is at a favorable entry point and attractive absolute valuation.\nThe firm sees a strong August to December pipeline on releases with \"numerous potential top-of-funnel titles,\" according to analyst Douglas Mitchelson. He also expects a stronger full-year slate in 2022 vs 2021.\nSecond-quarter results and third-quarter guidance are still uncertain and any disappointment could be a \"clearing event\" ahead of a rebound in the fourth quarter, according to Mitchelson.\nShares of Netflix at last check were 1.7% higher $527.14.\n\nEarlier this month, Netflix and Amblin Partners, the film and television studio led by Steven Spielberg, raised the curtain ona partnership. In the deal, the Hollywood director's company will produce multiple films a year for the Los Gatos, Calif., streaming giant.\nSpielberg, the Oscar-winning director of \"Schindler's List,\" \"Jurassic Park\" and \"Saving Private Ryan,\" will continue to direct movies for Comcast's (CMCSA) -Get ReportUniversal Pictures as part of a separate deal.\nEarlier this month, Netflix launched Netflix.shop, whichwill sell curatedproducts including apparel, toys and games.","news_type":1,"symbols_score_info":{"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":2786,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":169929505,"gmtCreate":1623813265207,"gmtModify":1631889172587,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582197396832487","authorIdStr":"3582197396832487"},"themes":[],"htmlText":"comment and like please, Thank you!","listText":"comment and like please, Thank you!","text":"comment and like please, Thank you!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/169929505","repostId":"1162338607","repostType":4,"isVote":1,"tweetType":1,"viewCount":1885,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194484188,"gmtCreate":1621393263144,"gmtModify":1631893139496,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582197396832487","authorIdStr":"3582197396832487"},"themes":[],"htmlText":"👍🏼","listText":"👍🏼","text":"👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/194484188","repostId":"1162862766","repostType":4,"repost":{"id":"1162862766","kind":"news","pubTimestamp":1621385062,"share":"https://www.laohu8.com/m/news/1162862766?lang=zh_CN&edition=full","pubTime":"2021-05-19 08:44","market":"fut","language":"en","title":"Singapore Exchange Eyes Battery Metals Contracts to Tap EV Boom<blockquote>新加坡交易所着眼于电池金属合约以利用电动汽车热潮</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162862766","media":"Bloomberg","summary":"(Bloomberg) -- The Singapore Exchange is eyeing introducing contracts for battery metals amid a surg","content":"<p>(Bloomberg) -- The Singapore Exchange is eyeing introducing contracts for battery metals amid a surge in demand for raw materials crucial to power electric vehicles.</p><p><blockquote>（彭博社）——由于对电动汽车至关重要的原材料需求激增，新加坡交易所正在考虑推出电池金属合约。</blockquote></p><p>EV metals contracts were “definitely something that we are looking at” as the bourse continues to assesses the market, according to Cheong Jin Yu, director of commodities at the SGX, without providing details on any timetable or specific materials.</p><p><blockquote>新交所大宗商品总监Cheong Jin Yu表示，随着交易所继续评估市场，电动汽车金属合约“肯定是我们正在关注的”，但没有提供任何时间表或具体材料的细节。</blockquote></p><p>“We hear requests from investors about that every day,” Cheong said in an interview. “But we also have to consider the role we can play in the context of what battery metals contracts are available in the market, where we sit and what we can bring to the table.”</p><p><blockquote>“我们每天都会听到投资者对此的要求，”张在接受采访时表示。“但我们还必须考虑我们在市场上可用的电池金属合同、我们所处的位置以及我们可以带来什么方面可以发挥的作用。”</blockquote></p><p>Green stimulus measures worldwide have been accelerating the adoption of EVs, leading to booming demand for raw materials including lithium, cobalt, copper and nickel. Commodities key to the clean-energy transition also are getting an added boost from the global recovery in industry.</p><p><blockquote>全球范围内的绿色刺激措施一直在加速电动汽车的采用，导致对锂、钴、铜和镍等原材料的需求激增。全球工业复苏也进一步推动了清洁能源转型的大宗商品。</blockquote></p><p>Lithium prices have rebounded after a three-year slump and copper has rallied to a record high. The London Metal Exchange has delayed the start date for cash-settled futures for lithium hydroxide to July, while trading volume on cobalt remains among the thinest of contracts on the bourse.</p><p><blockquote>锂价在经历了三年的暴跌后出现反弹，铜价也升至历史新高。伦敦金属交易所已将氢氧化锂现金结算期货的开始日期推迟至7月，而钴的交易量仍是该交易所最清淡的合约之一。</blockquote></p><p>“For us, it is not about how fast we can launch the contracts, but how could we introduce contracts that would serve the market well and really make a difference,” said Cheong. “Battery metals is also a very, very diverse complex. It’s not just one metal.”</p><p><blockquote>“对我们来说，这不是我们能多快推出合同的问题，而是我们如何推出能够很好地服务市场并真正发挥作用的合同，”Cheong说。“电池金属也是一个非常非常多样化的复合体。它不仅仅是一种金属。”</blockquote></p><p>The Singapore Exchange, which is the world’s biggest clearer of iron ore derivatives, is also planning to launch steel rebar futures, while specific contract details haven’t yet been publicly announced.</p><p><blockquote>全球最大的铁矿石衍生品清算机构新加坡交易所也计划推出螺纹钢期货，但具体合约细节尚未公开宣布。</blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Exchange Eyes Battery Metals Contracts to Tap EV Boom<blockquote>新加坡交易所着眼于电池金属合约以利用电动汽车热潮</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Exchange Eyes Battery Metals Contracts to Tap EV Boom<blockquote>新加坡交易所着眼于电池金属合约以利用电动汽车热潮</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2021-05-19 08:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Bloomberg) -- The Singapore Exchange is eyeing introducing contracts for battery metals amid a surge in demand for raw materials crucial to power electric vehicles.</p><p><blockquote>（彭博社）——由于对电动汽车至关重要的原材料需求激增，新加坡交易所正在考虑推出电池金属合约。</blockquote></p><p>EV metals contracts were “definitely something that we are looking at” as the bourse continues to assesses the market, according to Cheong Jin Yu, director of commodities at the SGX, without providing details on any timetable or specific materials.</p><p><blockquote>新交所大宗商品总监Cheong Jin Yu表示，随着交易所继续评估市场，电动汽车金属合约“肯定是我们正在关注的”，但没有提供任何时间表或具体材料的细节。</blockquote></p><p>“We hear requests from investors about that every day,” Cheong said in an interview. “But we also have to consider the role we can play in the context of what battery metals contracts are available in the market, where we sit and what we can bring to the table.”</p><p><blockquote>“我们每天都会听到投资者对此的要求，”张在接受采访时表示。“但我们还必须考虑我们在市场上可用的电池金属合同、我们所处的位置以及我们可以带来什么方面可以发挥的作用。”</blockquote></p><p>Green stimulus measures worldwide have been accelerating the adoption of EVs, leading to booming demand for raw materials including lithium, cobalt, copper and nickel. Commodities key to the clean-energy transition also are getting an added boost from the global recovery in industry.</p><p><blockquote>全球范围内的绿色刺激措施一直在加速电动汽车的采用，导致对锂、钴、铜和镍等原材料的需求激增。全球工业复苏也进一步推动了清洁能源转型的大宗商品。</blockquote></p><p>Lithium prices have rebounded after a three-year slump and copper has rallied to a record high. The London Metal Exchange has delayed the start date for cash-settled futures for lithium hydroxide to July, while trading volume on cobalt remains among the thinest of contracts on the bourse.</p><p><blockquote>锂价在经历了三年的暴跌后出现反弹，铜价也升至历史新高。伦敦金属交易所已将氢氧化锂现金结算期货的开始日期推迟至7月，而钴的交易量仍是该交易所最清淡的合约之一。</blockquote></p><p>“For us, it is not about how fast we can launch the contracts, but how could we introduce contracts that would serve the market well and really make a difference,” said Cheong. “Battery metals is also a very, very diverse complex. It’s not just one metal.”</p><p><blockquote>“对我们来说，这不是我们能多快推出合同的问题，而是我们如何推出能够很好地服务市场并真正发挥作用的合同，”Cheong说。“电池金属也是一个非常非常多样化的复合体。它不仅仅是一种金属。”</blockquote></p><p>The Singapore Exchange, which is the world’s biggest clearer of iron ore derivatives, is also planning to launch steel rebar futures, while specific contract details haven’t yet been publicly announced.</p><p><blockquote>全球最大的铁矿石衍生品清算机构新加坡交易所也计划推出螺纹钢期货，但具体合约细节尚未公开宣布。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/singapore-exchange-eyes-battery-metals-001759066.html\">Bloomberg</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/singapore-exchange-eyes-battery-metals-001759066.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162862766","content_text":"(Bloomberg) -- The Singapore Exchange is eyeing introducing contracts for battery metals amid a surge in demand for raw materials crucial to power electric vehicles.EV metals contracts were “definitely something that we are looking at” as the bourse continues to assesses the market, according to Cheong Jin Yu, director of commodities at the SGX, without providing details on any timetable or specific materials.“We hear requests from investors about that every day,” Cheong said in an interview. “But we also have to consider the role we can play in the context of what battery metals contracts are available in the market, where we sit and what we can bring to the table.”Green stimulus measures worldwide have been accelerating the adoption of EVs, leading to booming demand for raw materials including lithium, cobalt, copper and nickel. Commodities key to the clean-energy transition also are getting an added boost from the global recovery in industry.Lithium prices have rebounded after a three-year slump and copper has rallied to a record high. The London Metal Exchange has delayed the start date for cash-settled futures for lithium hydroxide to July, while trading volume on cobalt remains among the thinest of contracts on the bourse.“For us, it is not about how fast we can launch the contracts, but how could we introduce contracts that would serve the market well and really make a difference,” said Cheong. “Battery metals is also a very, very diverse complex. It’s not just one metal.”The Singapore Exchange, which is the world’s biggest clearer of iron ore derivatives, is also planning to launch steel rebar futures, while specific contract details haven’t yet been publicly announced.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":912,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123815212,"gmtCreate":1624415473536,"gmtModify":1631889172579,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582197396832487","authorIdStr":"3582197396832487"},"themes":[],"htmlText":"hello","listText":"hello","text":"hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/123815212","repostId":"1156381928","repostType":4,"isVote":1,"tweetType":1,"viewCount":2538,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166324376,"gmtCreate":1623993022595,"gmtModify":1631889172582,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582197396832487","authorIdStr":"3582197396832487"},"themes":[],"htmlText":"comment and like","listText":"comment and like","text":"comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166324376","repostId":"1140460323","repostType":4,"isVote":1,"tweetType":1,"viewCount":1314,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166326721,"gmtCreate":1623992883263,"gmtModify":1631889172583,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582197396832487","authorIdStr":"3582197396832487"},"themes":[],"htmlText":"NIO to the moon🚀","listText":"NIO to the moon🚀","text":"NIO to the moon🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166326721","repostId":"1148576248","repostType":4,"repost":{"id":"1148576248","kind":"news","pubTimestamp":1623979883,"share":"https://www.laohu8.com/m/news/1148576248?lang=zh_CN&edition=full","pubTime":"2021-06-18 09:31","market":"us","language":"en","title":"NIO Is Winning<blockquote>蔚来正在获胜</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1148576248","media":"seekingalpha","summary":"NIO is #1 in China's electric SUV market for good reason.The company's success is driven by its brilliant innovations and marketing strategy.NIO is growing faster than Tesla, and yet, it is trading at a discount.NIO Inc.  stands out for its strong market position- #1 market share in electric SUV in China- and innovation in the rapidly growing and highly competitive electric vehicle industry. This article will discuss why NIO is winning against some stiff competition, including against Tesla .In ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>NIO is #1 in China's electric SUV market for good reason.</li>  <li>The company's success is driven by its brilliant innovations and marketing strategy.</li>  <li>NIO is growing faster than Tesla, and yet, it is trading at a discount.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/790fae23b830463fec748d2deb2ce336\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>PonyWang/E+ via Getty Images</span></p><p><blockquote><ul><li>蔚来在中国电动SUV市场排名第一是有充分理由的。</li><li>该公司的成功是由其出色的创新和营销策略推动的。</li><li>蔚来的增长速度快于特斯拉，但它的交易价格却有折扣。</li></ul><p class=\"t-img-caption\"><span>PonyWang/E+来自Getty Images</span></p></blockquote></p><p> NIO Inc. (NYSE:NIO) stands out for its strong market position- #1 market share in electric SUV in China- and innovation in the rapidly growing and highly competitive electric vehicle industry. This article will discuss why NIO is winning against some stiff competition, including against Tesla (TSLA).</p><p><blockquote>蔚来（纽约证券交易所代码：蔚来）因其强大的市场地位——在中国电动SUV市场份额第一——以及在快速增长和竞争激烈的电动汽车行业的创新而脱颖而出。本文将讨论为什么蔚来在一些激烈的竞争中获胜，包括特斯拉(TSLA)。</blockquote></p><p> In addition, we will discuss NIO's business, financials, trading, valuation, and risks so readers could reach their own informed decision.</p><p><blockquote>此外，我们将讨论蔚来的业务、财务、交易、估值和风险，以便读者能够做出自己明智的决定。</blockquote></p><p> <b>Business: Why NIO Wins</b></p><p><blockquote><b>商业：蔚来为何获胜</b></blockquote></p><p> NIO positions itself in the premium SUV segment, focusing on smart EVs with a differentiated battery strategy.</p><p><blockquote>蔚来将自己定位于高端SUV领域，专注于智能电动汽车，采用差异化的电池策略。</blockquote></p><p> Delivered in March 2019, the company's first model, the ES8, is a luxury 7-seater SUV that is still the company's flagship product today. The ES8 is equipped with ADAS and AI system [NOMI] and is comparable to the BYD Song, Tesla Model X, the Audi Q7 45 e-Tron, etc.</p><p><blockquote>该公司的首款车型ES8于2019年3月交付，是一款豪华7座SUV，至今仍是该公司的旗舰产品。ES8配备ADAS和AI系统[NOMI]，可与比亚迪宋、特斯拉Model X、奥迪Q7 45 e-Tron等媲美。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/443e2773f70c00c6faac8ca063e978a5\" tg-width=\"640\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Leveraging the installed base and customer goodwill due to the highly successful ES8, NIO successfully launched the ES6 and EC6.Recently, the company launched the ET7, its first sedan.</p><p><blockquote>凭借ES8大获成功带来的装机量和客户好感，蔚来成功推出了ES6和EC6。近日，该公司推出了首款轿车ET7。</blockquote></p><p> Today, NIO is the top-selling brand in China's all-electric SUV market in April with a 23% market share, higher than Tesla's 17%, WM Motor and XPeng Motors'(NYSE:XPEV)7%, according to China Automotive Technology and Research Center data.</p><p><blockquote>根据中国汽车技术研究中心的数据，如今，蔚来以23%的市场份额成为4月份中国全电动SUV市场最畅销的品牌，高于特斯拉的17%、威马汽车和小鹏汽车（纽约证券交易所代码：XPEV）的7%。</blockquote></p><p> One of the biggest competitive differentiators is NIO'sbattery strategy, which all but eliminates range anxiety, one of the biggest barriers to mass EV adoption. Not only could NIO cars be charged at any charging station for EVs, but the company also built hundreds of battery swapping stations in key cities in China, with plans to expanding to Europe.</p><p><blockquote>最大的竞争优势之一是蔚来的电池战略，该战略几乎消除了里程焦虑，而里程焦虑是电动汽车大规模采用的最大障碍之一。蔚来汽车不仅可以在任何电动汽车充电站充电，而且该公司还在国内主要城市建设了数百个电池交换站，并计划扩展到欧洲。</blockquote></p><p> NIO's battery swapping strategy also gives the company the ability to offer a battery-as-a-service [BaaS] solution, which reduces the upfrontcostof purchasing an NIO vehicle by ~$11,000. Since cost is another major barrier to mass EV adoption, NIO's battery strategy appears brilliant as it solves both the range and cost problems.</p><p><blockquote>蔚来的电池交换战略还使该公司能够提供电池即服务[BaaS]解决方案，从而将购买蔚来汽车的前期成本降低约11,000美元。由于成本是电动汽车大规模采用的另一个主要障碍，蔚来的电池战略似乎很出色，因为它解决了续航里程和成本问题。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5b25fbb85bffd39310cd27cbb2bde57a\" tg-width=\"640\" tg-height=\"216\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Another differentiator is the NIO brand, which management created brilliantly by introducing the EP9 in 2016. Six EP9s have been sold to NIO investors for 2.5 million pounds, creating an aura of exclusivity and quality around the brand. Next, NIO targeted the mass-market luxury SUV segment with the ES8, firmly establishing the company as a luxury car OEM.</p><p><blockquote>另一个差异化因素是蔚来品牌，管理层在2016年推出了EP9，从而出色地创造了该品牌。六辆EP9已以250万英镑的价格出售给蔚来投资者，为该品牌营造了一种独特和品质的氛围。接下来，蔚来凭借ES8瞄准了大众市场豪华SUV细分市场，牢牢确立了该公司作为豪华汽车OEM的地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad41c960ce02f1e3f3e7575ac00beee0\" tg-width=\"640\" tg-height=\"350\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Chinese companies must struggle against the common perception that they make low-quality products. This is the same perception issue that Japanese companies faced following their defeat after WW2. Japan solved this problem by moving up the value chain as their economy matured and creating high-quality brands such as Sony(NYSE:SONY). Today, Japan is known for its craftsmanship.</p><p><blockquote>中国企业必须与人们普遍认为他们生产的产品质量低的看法作斗争。这与日本公司在二战后战败后面临的认知问题相同。随着经济的成熟，日本通过向价值链上游移动并创建索尼（纽约证券交易所代码：SONY）等高质量品牌来解决这个问题。今天，日本以其工艺而闻名。</blockquote></p><p> China is following the same trajectory, and NIO is one of the emerging brands destroying the perception that \"made in China\" equates to poor quality. I strongly believe that investors who stubbornly hold on to that old perception will miss out on investing in some of the greatest brands the world will ever see.</p><p><blockquote>中国也在遵循同样的轨迹，蔚来是摧毁“中国制造”等同于劣质观念的新兴品牌之一。我坚信，顽固坚持这种旧观念的投资者将错过投资世界上一些最伟大品牌的机会。</blockquote></p><p> Buying an NIO car means much more than just getting a vehicle; it means getting into an exclusive club of services and convenience. Benefits include access to hundreds of swapping stations, lifetime free roadside rescue (including charge vans), lifetime free cellular connectivity, lifetime free warranty, and excellent customer service. This is a powerful selling point for NIO, differentiating it from Tesla, which hasrecentlydeveloped a poor reputation on the customer service front in China.</p><p><blockquote>购买蔚来汽车不仅仅意味着获得一辆车；这意味着进入一个服务和便利的专属俱乐部。好处包括使用数百个交换站、终身免费路边救援（包括充电车）、终身免费蜂窝连接、终身免费保修和卓越的客户服务。这是蔚来的一个强大卖点，使其有别于特斯拉，后者最近在中国的客户服务方面名声不佳。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a73482aa0431694b760ab5c2d0aa6f53\" tg-width=\"640\" tg-height=\"211\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p></p><p> The company is pushing the envelope even further with&nbsp;NIO House, a literal clubhouse for customers, and&nbsp;NIO Life, which includes NIO branded lifestyle products. NIO's effort to build a lifestyle around its cars seems to be&nbsp;working. This is good news for investors because the only way to escape the competitive battlefield of automobile OEM is to sell services and lifestyles to customers. This is why Ferrari's (RACE) operating margin is well over 20%, while Ford (F) and General Motors (GM) are in the single digits.</p><p><blockquote>该公司正在进一步挑战极限，推出了蔚来之家（London House）（一个真正的顾客俱乐部会所）和蔚来人寿（Kenneth Life），其中包括蔚来品牌的生活方式产品。蔚来围绕汽车打造生活方式的努力似乎正在发挥作用。这对投资者来说是个好消息，因为逃离汽车代工竞争战场的唯一方法就是向客户推销服务和生活方式。这就是为什么法拉利(RACE)的营业利润率远高于20%，而福特(F)和通用汽车(GM)则为个位数。</blockquote></p><p> <b>Financials &amp; Valuation</b></p><p><blockquote><b>财务与估值</b></blockquote></p><p> NIO is in hyper-growth mode. In 2020, the company generated $2.5 billion in revenue, up 126% y/y. In 2021, the company is expected to grow 117% y/y to $5.4 billion.</p><p><blockquote>蔚来正处于高速增长模式。2020年，该公司实现收入25亿美元，同比增长126%。2021年，该公司预计将同比增长117%，达到54亿美元。</blockquote></p><p> The company is not yet profitable but is expected to be by 2022. Gross margin only turned positive in 2020 and is expected to be 19.3% in 2021. EBITDA is expected to be negative $258 million in 2021 and a positive $206 million in 2022. Free cash flow is expected to be negative $42 million in 2021 before turning to a positive $354 million in 2022.</p><p><blockquote>该公司尚未盈利，但预计到2022年将实现盈利。毛利率仅在2020年转正，预计2021年为19.3%。预计2021年EBITDA为负2.58亿美元，2022年为正2.06亿美元。预计2021年自由现金流将为负4200万美元，然后在2022年转为正3.54亿美元。</blockquote></p><p> However, despite the cash burn expected in 2021, investors should feel at ease since the company exited&nbsp;2020&nbsp;with $5.9 billion of cash and cash equivalents. Including $600 million in short-term investments and subtracting ~$2.1 billion in debt and operating leases and the expected negative free cash flow in 2021, NIO should exit 2021 with over $4 billion in net cash and investments. That is plenty of buffers since NIO is expected to generate positive free cash flow in 2022.</p><p><blockquote>然而，尽管预计2021年将出现现金消耗，但投资者应该感到放心，因为该公司在2020年退出时拥有59亿美元的现金和现金等价物。包括6亿美元的短期投资，减去约21亿美元的债务和经营租赁以及2021年预期的负自由现金流，蔚来在2021年退出时应拥有超过40亿美元的净现金和投资。这是足够的缓冲，因为蔚来预计将在2022年产生正的自由现金流。</blockquote></p><p> Since NIO is not yet profitable, we will look at the forward EV/Sales multiple as is typical for hyper-growth companies not yet generating a profit. The company went public in September 2018, trading at around 7 to 8 times EV/Sales, before bottoming out at around 0.7 times sales in May 2019. The market, however, caught the EV fever in April 2020 and sent NIO's valuation soaring to a peak of 14.6x by January 2021. After the growth sell-off we recently experienced, NIO is currently sitting at a much more reasonable 8 times forward sales. This is a significant discount to TSLA's 10.2 times forward EV/Sales despite growing twice as fast (TSLA is expected to grow revenues by 57% in 2021 compared to NIO's 117%).</p><p><blockquote>由于蔚来尚未盈利，我们将关注预期EV/销售额倍数，这对于尚未盈利的高速增长公司来说是典型的。该公司于2018年9月上市，交易价格约为EV/销售额的7至8倍，随后于2019年5月触底，约为销售额的0.7倍。然而，市场在2020年4月掀起了电动汽车热潮，到2021年1月，蔚来的估值飙升至14.6倍的峰值。在我们最近经历的增长抛售之后，蔚来目前的预期销售额为8倍，这要合理得多。尽管TSLA的增长速度是其两倍，但这与TSLA 10.2倍的预期EV/销售额相比仍有很大折扣（预计TSLA 2021年收入将增长57%，而蔚来为117%）。</blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> There are many risks associated with owning NIO.</p><p><blockquote>拥有蔚来有很多风险。</blockquote></p><p> Although its battery swapping strategy is highly differentiated and seems to be growing rapidly, the jury is still out on the ultimate market share of battery swapping or fast-charging infrastructure. If fast charging technology continues to advance significantly, it will likely erode a key advantage of battery swapping: speed.</p><p><blockquote>尽管其换电战略高度差异化，且似乎增长迅速，但换电或快充基础设施的最终市场份额仍未定论。如果快速充电技术继续大幅进步，很可能会侵蚀电池交换的一个关键优势：速度。</blockquote></p><p> NIO's business model is innovative and new. Unfortunately, the flip side of that is that it is untested, and NIO remains unprofitable. For many investors, NIO will remain a \"show me\" story until the profitability of its business model improves.</p><p><blockquote>蔚来的商业模式是创新和新的。不幸的是，另一方面是它未经测试，蔚来仍然没有盈利。对于许多投资者来说，在其商业模式的盈利能力改善之前，蔚来仍将是一个“向我展示”的故事。</blockquote></p><p> NIO's ability to expand globally may be limited by the rising geopolitical tension between China and the US, and to a lesser extent, with Japan and Europe. The geopolitical situation remains highly opaque and uncertain, and is a risk factor for all auto OEMs.</p><p><blockquote>蔚来在全球扩张的能力可能会受到中美之间地缘政治紧张局势加剧的限制，在较小程度上也会受到与日欧之间地缘政治紧张局势的限制。地缘政治局势仍然高度不透明和不确定，是所有汽车原始设备制造商的风险因素。</blockquote></p><p> Auto OEMs are currently facing a severe chip&nbsp;shortage. In addition, the chip density in automobiles is increasing, making the OEMs increasingly reliant on semiconductor suppliers and foundries.</p><p><blockquote>汽车主机厂目前正面临严重的芯片短缺。此外，汽车中的芯片密度正在增加，使得原始设备制造商越来越依赖半导体供应商和代工厂。</blockquote></p><p> NIO's competitive advantages may not overcome the massive scale advantage of ICE OEMs and much bigger EV players like Tesla and China's BYD.</p><p><blockquote>蔚来的竞争优势可能无法克服内燃机原始设备制造商以及特斯拉和比亚迪等更大的电动汽车制造商的巨大规模优势。</blockquote></p><p> <b>Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> NIO's technical and business model innovations make it a highly differentiated company in the exciting and rapidly growing EV market. The company is winning, and its competitive moat is getting bigger as its ecosystem of vehicles and services grows. Relative to the industry leader, Tesla, NIO's stock price seems like a bargain given its faster growth rate and lower multiples.</p><p><blockquote>蔚来的技术和商业模式创新使其在令人兴奋且快速增长的电动汽车市场中成为一家高度差异化的公司。该公司正在获胜，随着其车辆和服务生态系统的发展，其竞争护城河也越来越大。相对于行业领导者特斯拉，鉴于其更快的增长率和更低的市盈率，蔚来的股价似乎很便宜。</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>NIO Is Winning<blockquote>蔚来正在获胜</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\">\nNIO Is Winning<blockquote>蔚来正在获胜</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 09:31</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>NIO is #1 in China's electric SUV market for good reason.</li>  <li>The company's success is driven by its brilliant innovations and marketing strategy.</li>  <li>NIO is growing faster than Tesla, and yet, it is trading at a discount.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/790fae23b830463fec748d2deb2ce336\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>PonyWang/E+ via Getty Images</span></p><p><blockquote><ul><li>蔚来在中国电动SUV市场排名第一是有充分理由的。</li><li>该公司的成功是由其出色的创新和营销策略推动的。</li><li>蔚来的增长速度快于特斯拉，但它的交易价格却有折扣。</li></ul><p class=\"t-img-caption\"><span>PonyWang/E+来自Getty Images</span></p></blockquote></p><p> NIO Inc. (NYSE:NIO) stands out for its strong market position- #1 market share in electric SUV in China- and innovation in the rapidly growing and highly competitive electric vehicle industry. This article will discuss why NIO is winning against some stiff competition, including against Tesla (TSLA).</p><p><blockquote>蔚来（纽约证券交易所代码：蔚来）因其强大的市场地位——在中国电动SUV市场份额第一——以及在快速增长和竞争激烈的电动汽车行业的创新而脱颖而出。本文将讨论为什么蔚来在一些激烈的竞争中获胜，包括特斯拉(TSLA)。</blockquote></p><p> In addition, we will discuss NIO's business, financials, trading, valuation, and risks so readers could reach their own informed decision.</p><p><blockquote>此外，我们将讨论蔚来的业务、财务、交易、估值和风险，以便读者能够做出自己明智的决定。</blockquote></p><p> <b>Business: Why NIO Wins</b></p><p><blockquote><b>商业：蔚来为何获胜</b></blockquote></p><p> NIO positions itself in the premium SUV segment, focusing on smart EVs with a differentiated battery strategy.</p><p><blockquote>蔚来将自己定位于高端SUV领域，专注于智能电动汽车，采用差异化的电池策略。</blockquote></p><p> Delivered in March 2019, the company's first model, the ES8, is a luxury 7-seater SUV that is still the company's flagship product today. The ES8 is equipped with ADAS and AI system [NOMI] and is comparable to the BYD Song, Tesla Model X, the Audi Q7 45 e-Tron, etc.</p><p><blockquote>该公司的首款车型ES8于2019年3月交付，是一款豪华7座SUV，至今仍是该公司的旗舰产品。ES8配备ADAS和AI系统[NOMI]，可与比亚迪宋、特斯拉Model X、奥迪Q7 45 e-Tron等媲美。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/443e2773f70c00c6faac8ca063e978a5\" tg-width=\"640\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Leveraging the installed base and customer goodwill due to the highly successful ES8, NIO successfully launched the ES6 and EC6.Recently, the company launched the ET7, its first sedan.</p><p><blockquote>凭借ES8大获成功带来的装机量和客户好感，蔚来成功推出了ES6和EC6。近日，该公司推出了首款轿车ET7。</blockquote></p><p> Today, NIO is the top-selling brand in China's all-electric SUV market in April with a 23% market share, higher than Tesla's 17%, WM Motor and XPeng Motors'(NYSE:XPEV)7%, according to China Automotive Technology and Research Center data.</p><p><blockquote>根据中国汽车技术研究中心的数据，如今，蔚来以23%的市场份额成为4月份中国全电动SUV市场最畅销的品牌，高于特斯拉的17%、威马汽车和小鹏汽车（纽约证券交易所代码：XPEV）的7%。</blockquote></p><p> One of the biggest competitive differentiators is NIO'sbattery strategy, which all but eliminates range anxiety, one of the biggest barriers to mass EV adoption. Not only could NIO cars be charged at any charging station for EVs, but the company also built hundreds of battery swapping stations in key cities in China, with plans to expanding to Europe.</p><p><blockquote>最大的竞争优势之一是蔚来的电池战略，该战略几乎消除了里程焦虑，而里程焦虑是电动汽车大规模采用的最大障碍之一。蔚来汽车不仅可以在任何电动汽车充电站充电，而且该公司还在国内主要城市建设了数百个电池交换站，并计划扩展到欧洲。</blockquote></p><p> NIO's battery swapping strategy also gives the company the ability to offer a battery-as-a-service [BaaS] solution, which reduces the upfrontcostof purchasing an NIO vehicle by ~$11,000. Since cost is another major barrier to mass EV adoption, NIO's battery strategy appears brilliant as it solves both the range and cost problems.</p><p><blockquote>蔚来的电池交换战略还使该公司能够提供电池即服务[BaaS]解决方案，从而将购买蔚来汽车的前期成本降低约11,000美元。由于成本是电动汽车大规模采用的另一个主要障碍，蔚来的电池战略似乎很出色，因为它解决了续航里程和成本问题。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5b25fbb85bffd39310cd27cbb2bde57a\" tg-width=\"640\" tg-height=\"216\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Another differentiator is the NIO brand, which management created brilliantly by introducing the EP9 in 2016. Six EP9s have been sold to NIO investors for 2.5 million pounds, creating an aura of exclusivity and quality around the brand. Next, NIO targeted the mass-market luxury SUV segment with the ES8, firmly establishing the company as a luxury car OEM.</p><p><blockquote>另一个差异化因素是蔚来品牌，管理层在2016年推出了EP9，从而出色地创造了该品牌。六辆EP9已以250万英镑的价格出售给蔚来投资者，为该品牌营造了一种独特和品质的氛围。接下来，蔚来凭借ES8瞄准了大众市场豪华SUV细分市场，牢牢确立了该公司作为豪华汽车OEM的地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad41c960ce02f1e3f3e7575ac00beee0\" tg-width=\"640\" tg-height=\"350\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Chinese companies must struggle against the common perception that they make low-quality products. This is the same perception issue that Japanese companies faced following their defeat after WW2. Japan solved this problem by moving up the value chain as their economy matured and creating high-quality brands such as Sony(NYSE:SONY). Today, Japan is known for its craftsmanship.</p><p><blockquote>中国企业必须与人们普遍认为他们生产的产品质量低的看法作斗争。这与日本公司在二战后战败后面临的认知问题相同。随着经济的成熟，日本通过向价值链上游移动并创建索尼（纽约证券交易所代码：SONY）等高质量品牌来解决这个问题。今天，日本以其工艺而闻名。</blockquote></p><p> China is following the same trajectory, and NIO is one of the emerging brands destroying the perception that \"made in China\" equates to poor quality. I strongly believe that investors who stubbornly hold on to that old perception will miss out on investing in some of the greatest brands the world will ever see.</p><p><blockquote>中国也在遵循同样的轨迹，蔚来是摧毁“中国制造”等同于劣质观念的新兴品牌之一。我坚信，顽固坚持这种旧观念的投资者将错过投资世界上一些最伟大品牌的机会。</blockquote></p><p> Buying an NIO car means much more than just getting a vehicle; it means getting into an exclusive club of services and convenience. Benefits include access to hundreds of swapping stations, lifetime free roadside rescue (including charge vans), lifetime free cellular connectivity, lifetime free warranty, and excellent customer service. This is a powerful selling point for NIO, differentiating it from Tesla, which hasrecentlydeveloped a poor reputation on the customer service front in China.</p><p><blockquote>购买蔚来汽车不仅仅意味着获得一辆车；这意味着进入一个服务和便利的专属俱乐部。好处包括使用数百个交换站、终身免费路边救援（包括充电车）、终身免费蜂窝连接、终身免费保修和卓越的客户服务。这是蔚来的一个强大卖点，使其有别于特斯拉，后者最近在中国的客户服务方面名声不佳。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a73482aa0431694b760ab5c2d0aa6f53\" tg-width=\"640\" tg-height=\"211\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p></p><p> The company is pushing the envelope even further with&nbsp;NIO House, a literal clubhouse for customers, and&nbsp;NIO Life, which includes NIO branded lifestyle products. NIO's effort to build a lifestyle around its cars seems to be&nbsp;working. This is good news for investors because the only way to escape the competitive battlefield of automobile OEM is to sell services and lifestyles to customers. This is why Ferrari's (RACE) operating margin is well over 20%, while Ford (F) and General Motors (GM) are in the single digits.</p><p><blockquote>该公司正在进一步挑战极限，推出了蔚来之家（London House）（一个真正的顾客俱乐部会所）和蔚来人寿（Kenneth Life），其中包括蔚来品牌的生活方式产品。蔚来围绕汽车打造生活方式的努力似乎正在发挥作用。这对投资者来说是个好消息，因为逃离汽车代工竞争战场的唯一方法就是向客户推销服务和生活方式。这就是为什么法拉利(RACE)的营业利润率远高于20%，而福特(F)和通用汽车(GM)则为个位数。</blockquote></p><p> <b>Financials &amp; Valuation</b></p><p><blockquote><b>财务与估值</b></blockquote></p><p> NIO is in hyper-growth mode. In 2020, the company generated $2.5 billion in revenue, up 126% y/y. In 2021, the company is expected to grow 117% y/y to $5.4 billion.</p><p><blockquote>蔚来正处于高速增长模式。2020年，该公司实现收入25亿美元，同比增长126%。2021年，该公司预计将同比增长117%，达到54亿美元。</blockquote></p><p> The company is not yet profitable but is expected to be by 2022. Gross margin only turned positive in 2020 and is expected to be 19.3% in 2021. EBITDA is expected to be negative $258 million in 2021 and a positive $206 million in 2022. Free cash flow is expected to be negative $42 million in 2021 before turning to a positive $354 million in 2022.</p><p><blockquote>该公司尚未盈利，但预计到2022年将实现盈利。毛利率仅在2020年转正，预计2021年为19.3%。预计2021年EBITDA为负2.58亿美元，2022年为正2.06亿美元。预计2021年自由现金流将为负4200万美元，然后在2022年转为正3.54亿美元。</blockquote></p><p> However, despite the cash burn expected in 2021, investors should feel at ease since the company exited&nbsp;2020&nbsp;with $5.9 billion of cash and cash equivalents. Including $600 million in short-term investments and subtracting ~$2.1 billion in debt and operating leases and the expected negative free cash flow in 2021, NIO should exit 2021 with over $4 billion in net cash and investments. That is plenty of buffers since NIO is expected to generate positive free cash flow in 2022.</p><p><blockquote>然而，尽管预计2021年将出现现金消耗，但投资者应该感到放心，因为该公司在2020年退出时拥有59亿美元的现金和现金等价物。包括6亿美元的短期投资，减去约21亿美元的债务和经营租赁以及2021年预期的负自由现金流，蔚来在2021年退出时应拥有超过40亿美元的净现金和投资。这是足够的缓冲，因为蔚来预计将在2022年产生正的自由现金流。</blockquote></p><p> Since NIO is not yet profitable, we will look at the forward EV/Sales multiple as is typical for hyper-growth companies not yet generating a profit. The company went public in September 2018, trading at around 7 to 8 times EV/Sales, before bottoming out at around 0.7 times sales in May 2019. The market, however, caught the EV fever in April 2020 and sent NIO's valuation soaring to a peak of 14.6x by January 2021. After the growth sell-off we recently experienced, NIO is currently sitting at a much more reasonable 8 times forward sales. This is a significant discount to TSLA's 10.2 times forward EV/Sales despite growing twice as fast (TSLA is expected to grow revenues by 57% in 2021 compared to NIO's 117%).</p><p><blockquote>由于蔚来尚未盈利，我们将关注预期EV/销售额倍数，这对于尚未盈利的高速增长公司来说是典型的。该公司于2018年9月上市，交易价格约为EV/销售额的7至8倍，随后于2019年5月触底，约为销售额的0.7倍。然而，市场在2020年4月掀起了电动汽车热潮，到2021年1月，蔚来的估值飙升至14.6倍的峰值。在我们最近经历的增长抛售之后，蔚来目前的预期销售额为8倍，这要合理得多。尽管TSLA的增长速度是其两倍，但这与TSLA 10.2倍的预期EV/销售额相比仍有很大折扣（预计TSLA 2021年收入将增长57%，而蔚来为117%）。</blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> There are many risks associated with owning NIO.</p><p><blockquote>拥有蔚来有很多风险。</blockquote></p><p> Although its battery swapping strategy is highly differentiated and seems to be growing rapidly, the jury is still out on the ultimate market share of battery swapping or fast-charging infrastructure. If fast charging technology continues to advance significantly, it will likely erode a key advantage of battery swapping: speed.</p><p><blockquote>尽管其换电战略高度差异化，且似乎增长迅速，但换电或快充基础设施的最终市场份额仍未定论。如果快速充电技术继续大幅进步，很可能会侵蚀电池交换的一个关键优势：速度。</blockquote></p><p> NIO's business model is innovative and new. Unfortunately, the flip side of that is that it is untested, and NIO remains unprofitable. For many investors, NIO will remain a \"show me\" story until the profitability of its business model improves.</p><p><blockquote>蔚来的商业模式是创新和新的。不幸的是，另一方面是它未经测试，蔚来仍然没有盈利。对于许多投资者来说，在其商业模式的盈利能力改善之前，蔚来仍将是一个“向我展示”的故事。</blockquote></p><p> NIO's ability to expand globally may be limited by the rising geopolitical tension between China and the US, and to a lesser extent, with Japan and Europe. The geopolitical situation remains highly opaque and uncertain, and is a risk factor for all auto OEMs.</p><p><blockquote>蔚来在全球扩张的能力可能会受到中美之间地缘政治紧张局势加剧的限制，在较小程度上也会受到与日欧之间地缘政治紧张局势的限制。地缘政治局势仍然高度不透明和不确定，是所有汽车原始设备制造商的风险因素。</blockquote></p><p> Auto OEMs are currently facing a severe chip&nbsp;shortage. In addition, the chip density in automobiles is increasing, making the OEMs increasingly reliant on semiconductor suppliers and foundries.</p><p><blockquote>汽车主机厂目前正面临严重的芯片短缺。此外，汽车中的芯片密度正在增加，使得原始设备制造商越来越依赖半导体供应商和代工厂。</blockquote></p><p> NIO's competitive advantages may not overcome the massive scale advantage of ICE OEMs and much bigger EV players like Tesla and China's BYD.</p><p><blockquote>蔚来的竞争优势可能无法克服内燃机原始设备制造商以及特斯拉和比亚迪等更大的电动汽车制造商的巨大规模优势。</blockquote></p><p> <b>Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> NIO's technical and business model innovations make it a highly differentiated company in the exciting and rapidly growing EV market. The company is winning, and its competitive moat is getting bigger as its ecosystem of vehicles and services grows. Relative to the industry leader, Tesla, NIO's stock price seems like a bargain given its faster growth rate and lower multiples.</p><p><blockquote>蔚来的技术和商业模式创新使其在令人兴奋且快速增长的电动汽车市场中成为一家高度差异化的公司。该公司正在获胜，随着其车辆和服务生态系统的发展，其竞争护城河也越来越大。相对于行业领导者特斯拉，鉴于其更快的增长率和更低的市盈率，蔚来的股价似乎很便宜。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4435341-nio-is-winning\">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":{"NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4435341-nio-is-winning","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148576248","content_text":"Summary\n\nNIO is #1 in China's electric SUV market for good reason.\nThe company's success is driven by its brilliant innovations and marketing strategy.\nNIO is growing faster than Tesla, and yet, it is trading at a discount.\n\nPonyWang/E+ via Getty Images\nNIO Inc. (NYSE:NIO) stands out for its strong market position- #1 market share in electric SUV in China- and innovation in the rapidly growing and highly competitive electric vehicle industry. This article will discuss why NIO is winning against some stiff competition, including against Tesla (TSLA).\nIn addition, we will discuss NIO's business, financials, trading, valuation, and risks so readers could reach their own informed decision.\nBusiness: Why NIO Wins\nNIO positions itself in the premium SUV segment, focusing on smart EVs with a differentiated battery strategy.\nDelivered in March 2019, the company's first model, the ES8, is a luxury 7-seater SUV that is still the company's flagship product today. The ES8 is equipped with ADAS and AI system [NOMI] and is comparable to the BYD Song, Tesla Model X, the Audi Q7 45 e-Tron, etc.\nSource: Company\nLeveraging the installed base and customer goodwill due to the highly successful ES8, NIO successfully launched the ES6 and EC6.Recently, the company launched the ET7, its first sedan.\nToday, NIO is the top-selling brand in China's all-electric SUV market in April with a 23% market share, higher than Tesla's 17%, WM Motor and XPeng Motors'(NYSE:XPEV)7%, according to China Automotive Technology and Research Center data.\nOne of the biggest competitive differentiators is NIO'sbattery strategy, which all but eliminates range anxiety, one of the biggest barriers to mass EV adoption. Not only could NIO cars be charged at any charging station for EVs, but the company also built hundreds of battery swapping stations in key cities in China, with plans to expanding to Europe.\nNIO's battery swapping strategy also gives the company the ability to offer a battery-as-a-service [BaaS] solution, which reduces the upfrontcostof purchasing an NIO vehicle by ~$11,000. Since cost is another major barrier to mass EV adoption, NIO's battery strategy appears brilliant as it solves both the range and cost problems.\nSource: Company\nAnother differentiator is the NIO brand, which management created brilliantly by introducing the EP9 in 2016. Six EP9s have been sold to NIO investors for 2.5 million pounds, creating an aura of exclusivity and quality around the brand. Next, NIO targeted the mass-market luxury SUV segment with the ES8, firmly establishing the company as a luxury car OEM.\nSource: Company\nChinese companies must struggle against the common perception that they make low-quality products. This is the same perception issue that Japanese companies faced following their defeat after WW2. Japan solved this problem by moving up the value chain as their economy matured and creating high-quality brands such as Sony(NYSE:SONY). Today, Japan is known for its craftsmanship.\nChina is following the same trajectory, and NIO is one of the emerging brands destroying the perception that \"made in China\" equates to poor quality. I strongly believe that investors who stubbornly hold on to that old perception will miss out on investing in some of the greatest brands the world will ever see.\nBuying an NIO car means much more than just getting a vehicle; it means getting into an exclusive club of services and convenience. Benefits include access to hundreds of swapping stations, lifetime free roadside rescue (including charge vans), lifetime free cellular connectivity, lifetime free warranty, and excellent customer service. This is a powerful selling point for NIO, differentiating it from Tesla, which hasrecentlydeveloped a poor reputation on the customer service front in China.\nSource: Company\nThe company is pushing the envelope even further with NIO House, a literal clubhouse for customers, and NIO Life, which includes NIO branded lifestyle products. NIO's effort to build a lifestyle around its cars seems to be working. This is good news for investors because the only way to escape the competitive battlefield of automobile OEM is to sell services and lifestyles to customers. This is why Ferrari's (RACE) operating margin is well over 20%, while Ford (F) and General Motors (GM) are in the single digits.\nFinancials & Valuation\nNIO is in hyper-growth mode. In 2020, the company generated $2.5 billion in revenue, up 126% y/y. In 2021, the company is expected to grow 117% y/y to $5.4 billion.\nThe company is not yet profitable but is expected to be by 2022. Gross margin only turned positive in 2020 and is expected to be 19.3% in 2021. EBITDA is expected to be negative $258 million in 2021 and a positive $206 million in 2022. Free cash flow is expected to be negative $42 million in 2021 before turning to a positive $354 million in 2022.\nHowever, despite the cash burn expected in 2021, investors should feel at ease since the company exited 2020 with $5.9 billion of cash and cash equivalents. Including $600 million in short-term investments and subtracting ~$2.1 billion in debt and operating leases and the expected negative free cash flow in 2021, NIO should exit 2021 with over $4 billion in net cash and investments. That is plenty of buffers since NIO is expected to generate positive free cash flow in 2022.\nSince NIO is not yet profitable, we will look at the forward EV/Sales multiple as is typical for hyper-growth companies not yet generating a profit. The company went public in September 2018, trading at around 7 to 8 times EV/Sales, before bottoming out at around 0.7 times sales in May 2019. The market, however, caught the EV fever in April 2020 and sent NIO's valuation soaring to a peak of 14.6x by January 2021. After the growth sell-off we recently experienced, NIO is currently sitting at a much more reasonable 8 times forward sales. This is a significant discount to TSLA's 10.2 times forward EV/Sales despite growing twice as fast (TSLA is expected to grow revenues by 57% in 2021 compared to NIO's 117%).\nRisks\nThere are many risks associated with owning NIO.\nAlthough its battery swapping strategy is highly differentiated and seems to be growing rapidly, the jury is still out on the ultimate market share of battery swapping or fast-charging infrastructure. If fast charging technology continues to advance significantly, it will likely erode a key advantage of battery swapping: speed.\nNIO's business model is innovative and new. Unfortunately, the flip side of that is that it is untested, and NIO remains unprofitable. For many investors, NIO will remain a \"show me\" story until the profitability of its business model improves.\nNIO's ability to expand globally may be limited by the rising geopolitical tension between China and the US, and to a lesser extent, with Japan and Europe. The geopolitical situation remains highly opaque and uncertain, and is a risk factor for all auto OEMs.\nAuto OEMs are currently facing a severe chip shortage. In addition, the chip density in automobiles is increasing, making the OEMs increasingly reliant on semiconductor suppliers and foundries.\nNIO's competitive advantages may not overcome the massive scale advantage of ICE OEMs and much bigger EV players like Tesla and China's BYD.\nTakeaway\nNIO's technical and business model innovations make it a highly differentiated company in the exciting and rapidly growing EV market. The company is winning, and its competitive moat is getting bigger as its ecosystem of vehicles and services grows. Relative to the industry leader, Tesla, NIO's stock price seems like a bargain given its faster growth rate and lower multiples.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":1620,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117896034,"gmtCreate":1623127697028,"gmtModify":1631889172587,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582197396832487","authorIdStr":"3582197396832487"},"themes":[],"htmlText":"Please comment and like, thank you","listText":"Please comment and like, thank you","text":"Please comment and like, thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/117896034","repostId":"2141255133","repostType":4,"isVote":1,"tweetType":1,"viewCount":1490,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130922760,"gmtCreate":1621506274350,"gmtModify":1631889172596,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582197396832487","authorIdStr":"3582197396832487"},"themes":[],"htmlText":"may be","listText":"may be","text":"may be","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/130922760","repostId":"1138700843","repostType":4,"repost":{"id":"1138700843","kind":"news","pubTimestamp":1621495137,"share":"https://www.laohu8.com/m/news/1138700843?lang=zh_CN&edition=full","pubTime":"2021-05-20 15:18","market":"us","language":"en","title":"Is Chevron Stock a Buy?<blockquote>雪佛龙股票值得买入吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1138700843","media":"Motley Fool","summary":"Chevron's yield is at the low end of its energy major peer group. Here's why conservative income inv","content":"<p>Chevron's yield is at the low end of its energy major peer group. Here's why conservative income investors might still want to buy it anyway.</p><p><blockquote>雪佛龙的收益率在其主要能源同行中处于低端。这就是为什么保守的收入投资者可能仍然想购买它。</blockquote></p><p> Despite improving commodity prices, the energy sector remains deeply out of favor. For income investors with a contrarian bent, however, that's a potential buying opportunity. The problem is that there are still very real issues for energy companies to deal with. That's why integrated giant&nbsp;<b>Chevron</b>&nbsp;(NYSE:CVX)&nbsp;is one of the best options in the space. Here's a few points to back that up.</p><p><blockquote>尽管大宗商品价格有所改善，但能源行业仍然严重失宠。然而，对于有逆向倾向的收益投资者来说，这是一个潜在的买入机会。问题是，能源公司仍有非常现实的问题需要处理。这就是为什么集成巨人<b>雪佛龙</b>（纽约证券交易所股票代码：CVX）是该领域的最佳选择之一。这里有几点可以支持这一点。</blockquote></p><p> <b>1. Diversification</b></p><p><blockquote><b>1.多样化</b></blockquote></p><p> There are a multitude of ways to invest in the&nbsp;energy sector, from the&nbsp;upstream&nbsp;(exploration and production) to the&nbsp;downstream&nbsp;(chemicals and refining), and there are different dynamics to each major area. Chevron, one of the world's largest integrated energy companies, has exposure across the value chain, from drilling to transportation (the midstream sector) to processing. That provides balance to its portfolio, since in normal markets some areas will usually be doing better than others and helping to smooth out financial results.</p><p><blockquote>投资能源行业有多种方式，从上游（勘探和生产）到下游（化工和炼油），每个主要领域都有不同的动态。雪佛龙是世界上最大的综合能源公司之一，涉足从钻井到运输（中游行业）再到加工的整个价值链。这为其投资组合提供了平衡，因为在正常市场中，某些领域通常会比其他领域表现更好，并有助于平滑财务业绩。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4110c4af0aef7c1bcdfebcee897c6d95\" tg-width=\"2000\" tg-height=\"1335\"><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> Conservative investors know that&nbsp;diversification is good&nbsp;for their portfolios, but it can also be good for a company's business. It may seem like small solace, but in 2020 Chevron's international downstream business was in the black while all of its other reporting segments were in the red. It was a terrible year by any measure, but it would have been much worse if the company were only focused on drilling for oil or operating in a single market/region.</p><p><blockquote>保守的投资者知道多元化对他们的投资组合有好处，但也对公司的业务有好处。这似乎是一个小小的安慰，但2020年雪佛龙的国际下游业务实现了盈利，而其所有其他报告部门都出现了亏损。无论以何种标准衡量，这都是糟糕的一年，但如果该公司只专注于石油钻探或在单一市场/地区运营，情况会更糟。</blockquote></p><p> <b>2. Financial strength</b></p><p><blockquote><b>2.资金实力</b></blockquote></p><p> Diversification is nice, but Chevron is hardly the only diversified oil company. It is one of many that fall into the integrated segment of the industry. But one area where Chevron stands alone is financial strength. The company's debt-to-equity ratio is roughly 0.33 times, lower than U.S. peer&nbsp;<b>ExxonMobil</b>'s&nbsp;(NYSE:XOM)&nbsp;0.4 times and way below European peers that sit at 0.6 times or higher.</p><p><blockquote>多元化固然好，但雪佛龙并不是唯一一家多元化的石油公司。这是该行业众多综合领域之一。但雪佛龙独树一帜的一个领域是财务实力。该公司的债务股本比率约为0.33倍，低于美国同行<b>埃克森美孚</b>（纽约证券交易所代码：XOM）的0.4倍，远低于欧洲同行的0.6倍或更高。</blockquote></p><p> To be fair, European oil majors tend to carry higher debt loads and higher cash balances than Chevron or Exxon. However, spending a cash horde during an industry downturn isn't necessarily viewed as a positive by investors, and adding debt to an already debt-heavy&nbsp;balance sheet&nbsp;is equally undesirable. So Chevron's low-leverage approach may actually give it more leeway. Indeed, it used its financial strength to add debt during 2020 so it could muddle through the hit without the need to cut its dividend. It also managed to make&nbsp;an opportunistic acquisition&nbsp;and still maintain its industry-leading leverage metrics.</p><p><blockquote>公平地说，欧洲石油巨头往往比雪佛龙或埃克森美孚承担更高的债务负担和更高的现金余额。然而，投资者并不一定认为在行业低迷时期花费大量现金是积极的，在本已负债累累的资产负债表上增加债务也同样不可取。因此，雪佛龙的低杠杆做法实际上可能会给它更多的回旋余地。事实上，该公司在2020年利用其财务实力增加了债务，这样它就可以在不削减股息的情况下蒙混过关。它还成功进行了机会主义收购，并仍然保持了行业领先的杠杆指标。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/79228f9c35bf49addfcc515df385d042\" tg-width=\"720\" tg-height=\"503\"><span>CVX DEBT TO EQUITY RATIO DATA BY YCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCHARTS提供的CVX债务股本比率数据</span></p></blockquote></p><p> <b>3. The dividend</b></p><p><blockquote><b>3.股息</b></blockquote></p><p> For more conservative&nbsp;income investors, a company's dividend is sacrosanct.<b>BP</b>&nbsp;and&nbsp;<b>Royal Dutch Shell</b>&nbsp;both cut their dividends last year, while Exxon, Chevron, and&nbsp;<b>Total</b>&nbsp;did not. That said, Chevron has an over-three-decade-long streak of annual dividend increases under its belt at this point. And it just announced a 4% increase in its dividend along with its first-quarter earnings. Total is focusing on debt repayment over dividend increases right now, and while Exxon's dividend history is every bit as strong as Chevron's -- if not stronger -- its balance sheet isn't in as good shape. And, notably, Exxon has big spending plans that it needs to fund, suggesting that dividends may have to play second fiddle to capital spending in the near term. Chevron's spending plans were relatively modest even before the pandemic.</p><p><blockquote>对于更保守的收益投资者来说，公司的股息是神圣不可侵犯的。<b>BP</b>和<b>荷兰皇家壳牌</b>两家公司去年都削减了股息，而埃克森美孚、雪佛龙和<b>总的</b>没有。也就是说，雪佛龙目前已经连续三年增加年度股息。该公司刚刚宣布将股息与第一季度收益一起增加4%。道达尔目前专注于偿还债务而不是增加股息，虽然埃克森美孚的股息历史与雪佛龙一样强劲——如果不是更强劲的话——但其资产负债表状况却没有那么好。而且，值得注意的是，埃克森美孚有庞大的支出计划需要提供资金，这表明股息在短期内可能必须仅次于资本支出。即使在疫情爆发之前，雪佛龙的支出计划也相对温和。</blockquote></p><p> When you take into account all of the above, it helps to explain why Chevron's 4.9%&nbsp;dividend yield&nbsp;is near the bottom of its peer group. However, the stock's yield is still near the high end of the company's own historical range. So it looks like Chevron is historically cheap today, even though you can get a higher yield from other companies in the sector. The problem is that to get those higher yields you need to step up the risk scale. For conservative types, that's probably not worth it.</p><p><blockquote>当你考虑到上述所有因素时，这有助于解释为什么雪佛龙4.9%的股息收益率在同行中接近垫底。然而，该股的收益率仍接近该公司自身历史区间的高端。因此，雪佛龙今天看起来历史上很便宜，尽管你可以从该行业的其他公司获得更高的收益率。问题是，要获得更高的收益率，你需要提高风险规模。对于保守类型的人来说，这可能不值得。</blockquote></p><p> <b>4. The future</b></p><p><blockquote><b>4.未来</b></blockquote></p><p> One clear knock against Chevron is that it is dragging its feet as the world looks to move beyond oil and natural gas. That's a legitimate complaint -- Chevron is simply tiptoeing into the clean energy waters, while others, like BP and Shell, look like they are&nbsp;jumping in with both feet.</p><p><blockquote>对雪佛龙的一个明显打击是，当世界希望超越石油和天然气时，它正在拖延。这是一个合理的抱怨——雪佛龙只是小心翼翼地进入清洁能源领域，而其他公司，如英国石油公司和壳牌公司，看起来像是双脚跳进去。</blockquote></p><p></p><p> The thing is, energy transitions take time, and the world is likely to need more of all energy sources as emerging economies continue to develop. So oil and natural gas aren't likely to go away overnight.</p><p><blockquote>问题是，能源转型需要时间，随着新兴经济体的不断发展，世界可能需要更多的能源。因此，石油和天然气不太可能在一夜之间消失。</blockquote></p><p> Meanwhile, the renewable power space&nbsp;looks a bit expensive&nbsp;right now, with intense competition resulting in inflated prices and potentially lower future returns. So taking a wait-and-see approach might actually work in Chevron's favor if it avoids overspending just to appease Wall Street. And with such a strong balance sheet, there's no reason why it can't buy its way into the sector via an acquisition should a good opportunity arise. That chance, hopefully, will come when investors have soured on renewables and bid down the stock prices of clean energy-focused names.</p><p><blockquote>与此同时，可再生能源领域目前看起来有点昂贵，激烈的竞争导致价格上涨，未来回报可能较低。因此，如果雪佛龙避免仅仅为了安抚华尔街而超支，那么采取观望态度实际上可能对其有利。凭借如此强劲的资产负债表，如果出现好机会，它没有理由不能通过收购进入该行业。当投资者对可再生能源感到不满并压低专注于清洁能源的公司的股价时，这个机会有望到来。</blockquote></p><p> <b>Not perfect, but pretty good</b></p><p><blockquote><b>不完美，但相当不错</b></blockquote></p><p> Every investment comes with a few warts, and Chevron is no different. However, for conservative income investors looking to put money to work in the out-of-favor energy sector, it has a lot of positives. Specifically, the company's historically high yield, industry-leading financial strength, and diversified business model all give it an edge over its peers. And the negative that Chevron is taking a slow approach on the global warming front may not be as bad as some fear.</p><p><blockquote>每项投资都有一些缺点，雪佛龙也不例外。然而，对于希望将资金投入不受欢迎的能源行业的保守收入投资者来说，它有很多积极因素。具体而言，该公司历史上较高的收益率、行业领先的财务实力以及多元化的商业模式都使其比同行更具优势。雪佛龙在全球变暖方面采取缓慢措施的负面影响可能并不像一些人担心的那么糟糕。</blockquote></p><p> For most income investors, Chevron stacks up really well compared to the competition.</p><p><blockquote>对于大多数收益投资者来说，雪佛龙与竞争对手相比表现非常好。</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>Is Chevron Stock a Buy?<blockquote>雪佛龙股票值得买入吗？</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\">\nIs Chevron Stock a Buy?<blockquote>雪佛龙股票值得买入吗？</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\">2021-05-20 15:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Chevron's yield is at the low end of its energy major peer group. Here's why conservative income investors might still want to buy it anyway.</p><p><blockquote>雪佛龙的收益率在其主要能源同行中处于低端。这就是为什么保守的收入投资者可能仍然想购买它。</blockquote></p><p> Despite improving commodity prices, the energy sector remains deeply out of favor. For income investors with a contrarian bent, however, that's a potential buying opportunity. The problem is that there are still very real issues for energy companies to deal with. That's why integrated giant&nbsp;<b>Chevron</b>&nbsp;(NYSE:CVX)&nbsp;is one of the best options in the space. Here's a few points to back that up.</p><p><blockquote>尽管大宗商品价格有所改善，但能源行业仍然严重失宠。然而，对于有逆向倾向的收益投资者来说，这是一个潜在的买入机会。问题是，能源公司仍有非常现实的问题需要处理。这就是为什么集成巨人<b>雪佛龙</b>（纽约证券交易所股票代码：CVX）是该领域的最佳选择之一。这里有几点可以支持这一点。</blockquote></p><p> <b>1. Diversification</b></p><p><blockquote><b>1.多样化</b></blockquote></p><p> There are a multitude of ways to invest in the&nbsp;energy sector, from the&nbsp;upstream&nbsp;(exploration and production) to the&nbsp;downstream&nbsp;(chemicals and refining), and there are different dynamics to each major area. Chevron, one of the world's largest integrated energy companies, has exposure across the value chain, from drilling to transportation (the midstream sector) to processing. That provides balance to its portfolio, since in normal markets some areas will usually be doing better than others and helping to smooth out financial results.</p><p><blockquote>投资能源行业有多种方式，从上游（勘探和生产）到下游（化工和炼油），每个主要领域都有不同的动态。雪佛龙是世界上最大的综合能源公司之一，涉足从钻井到运输（中游行业）再到加工的整个价值链。这为其投资组合提供了平衡，因为在正常市场中，某些领域通常会比其他领域表现更好，并有助于平滑财务业绩。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4110c4af0aef7c1bcdfebcee897c6d95\" tg-width=\"2000\" tg-height=\"1335\"><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> Conservative investors know that&nbsp;diversification is good&nbsp;for their portfolios, but it can also be good for a company's business. It may seem like small solace, but in 2020 Chevron's international downstream business was in the black while all of its other reporting segments were in the red. It was a terrible year by any measure, but it would have been much worse if the company were only focused on drilling for oil or operating in a single market/region.</p><p><blockquote>保守的投资者知道多元化对他们的投资组合有好处，但也对公司的业务有好处。这似乎是一个小小的安慰，但2020年雪佛龙的国际下游业务实现了盈利，而其所有其他报告部门都出现了亏损。无论以何种标准衡量，这都是糟糕的一年，但如果该公司只专注于石油钻探或在单一市场/地区运营，情况会更糟。</blockquote></p><p> <b>2. Financial strength</b></p><p><blockquote><b>2.资金实力</b></blockquote></p><p> Diversification is nice, but Chevron is hardly the only diversified oil company. It is one of many that fall into the integrated segment of the industry. But one area where Chevron stands alone is financial strength. The company's debt-to-equity ratio is roughly 0.33 times, lower than U.S. peer&nbsp;<b>ExxonMobil</b>'s&nbsp;(NYSE:XOM)&nbsp;0.4 times and way below European peers that sit at 0.6 times or higher.</p><p><blockquote>多元化固然好，但雪佛龙并不是唯一一家多元化的石油公司。这是该行业众多综合领域之一。但雪佛龙独树一帜的一个领域是财务实力。该公司的债务股本比率约为0.33倍，低于美国同行<b>埃克森美孚</b>（纽约证券交易所代码：XOM）的0.4倍，远低于欧洲同行的0.6倍或更高。</blockquote></p><p> To be fair, European oil majors tend to carry higher debt loads and higher cash balances than Chevron or Exxon. However, spending a cash horde during an industry downturn isn't necessarily viewed as a positive by investors, and adding debt to an already debt-heavy&nbsp;balance sheet&nbsp;is equally undesirable. So Chevron's low-leverage approach may actually give it more leeway. Indeed, it used its financial strength to add debt during 2020 so it could muddle through the hit without the need to cut its dividend. It also managed to make&nbsp;an opportunistic acquisition&nbsp;and still maintain its industry-leading leverage metrics.</p><p><blockquote>公平地说，欧洲石油巨头往往比雪佛龙或埃克森美孚承担更高的债务负担和更高的现金余额。然而，投资者并不一定认为在行业低迷时期花费大量现金是积极的，在本已负债累累的资产负债表上增加债务也同样不可取。因此，雪佛龙的低杠杆做法实际上可能会给它更多的回旋余地。事实上，该公司在2020年利用其财务实力增加了债务，这样它就可以在不削减股息的情况下蒙混过关。它还成功进行了机会主义收购，并仍然保持了行业领先的杠杆指标。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/79228f9c35bf49addfcc515df385d042\" tg-width=\"720\" tg-height=\"503\"><span>CVX DEBT TO EQUITY RATIO DATA BY YCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCHARTS提供的CVX债务股本比率数据</span></p></blockquote></p><p> <b>3. The dividend</b></p><p><blockquote><b>3.股息</b></blockquote></p><p> For more conservative&nbsp;income investors, a company's dividend is sacrosanct.<b>BP</b>&nbsp;and&nbsp;<b>Royal Dutch Shell</b>&nbsp;both cut their dividends last year, while Exxon, Chevron, and&nbsp;<b>Total</b>&nbsp;did not. That said, Chevron has an over-three-decade-long streak of annual dividend increases under its belt at this point. And it just announced a 4% increase in its dividend along with its first-quarter earnings. Total is focusing on debt repayment over dividend increases right now, and while Exxon's dividend history is every bit as strong as Chevron's -- if not stronger -- its balance sheet isn't in as good shape. And, notably, Exxon has big spending plans that it needs to fund, suggesting that dividends may have to play second fiddle to capital spending in the near term. Chevron's spending plans were relatively modest even before the pandemic.</p><p><blockquote>对于更保守的收益投资者来说，公司的股息是神圣不可侵犯的。<b>BP</b>和<b>荷兰皇家壳牌</b>两家公司去年都削减了股息，而埃克森美孚、雪佛龙和<b>总的</b>没有。也就是说，雪佛龙目前已经连续三年增加年度股息。该公司刚刚宣布将股息与第一季度收益一起增加4%。道达尔目前专注于偿还债务而不是增加股息，虽然埃克森美孚的股息历史与雪佛龙一样强劲——如果不是更强劲的话——但其资产负债表状况却没有那么好。而且，值得注意的是，埃克森美孚有庞大的支出计划需要提供资金，这表明股息在短期内可能必须仅次于资本支出。即使在疫情爆发之前，雪佛龙的支出计划也相对温和。</blockquote></p><p> When you take into account all of the above, it helps to explain why Chevron's 4.9%&nbsp;dividend yield&nbsp;is near the bottom of its peer group. However, the stock's yield is still near the high end of the company's own historical range. So it looks like Chevron is historically cheap today, even though you can get a higher yield from other companies in the sector. The problem is that to get those higher yields you need to step up the risk scale. For conservative types, that's probably not worth it.</p><p><blockquote>当你考虑到上述所有因素时，这有助于解释为什么雪佛龙4.9%的股息收益率在同行中接近垫底。然而，该股的收益率仍接近该公司自身历史区间的高端。因此，雪佛龙今天看起来历史上很便宜，尽管你可以从该行业的其他公司获得更高的收益率。问题是，要获得更高的收益率，你需要提高风险规模。对于保守类型的人来说，这可能不值得。</blockquote></p><p> <b>4. The future</b></p><p><blockquote><b>4.未来</b></blockquote></p><p> One clear knock against Chevron is that it is dragging its feet as the world looks to move beyond oil and natural gas. That's a legitimate complaint -- Chevron is simply tiptoeing into the clean energy waters, while others, like BP and Shell, look like they are&nbsp;jumping in with both feet.</p><p><blockquote>对雪佛龙的一个明显打击是，当世界希望超越石油和天然气时，它正在拖延。这是一个合理的抱怨——雪佛龙只是小心翼翼地进入清洁能源领域，而其他公司，如英国石油公司和壳牌公司，看起来像是双脚跳进去。</blockquote></p><p></p><p> The thing is, energy transitions take time, and the world is likely to need more of all energy sources as emerging economies continue to develop. So oil and natural gas aren't likely to go away overnight.</p><p><blockquote>问题是，能源转型需要时间，随着新兴经济体的不断发展，世界可能需要更多的能源。因此，石油和天然气不太可能在一夜之间消失。</blockquote></p><p> Meanwhile, the renewable power space&nbsp;looks a bit expensive&nbsp;right now, with intense competition resulting in inflated prices and potentially lower future returns. So taking a wait-and-see approach might actually work in Chevron's favor if it avoids overspending just to appease Wall Street. And with such a strong balance sheet, there's no reason why it can't buy its way into the sector via an acquisition should a good opportunity arise. That chance, hopefully, will come when investors have soured on renewables and bid down the stock prices of clean energy-focused names.</p><p><blockquote>与此同时，可再生能源领域目前看起来有点昂贵，激烈的竞争导致价格上涨，未来回报可能较低。因此，如果雪佛龙避免仅仅为了安抚华尔街而超支，那么采取观望态度实际上可能对其有利。凭借如此强劲的资产负债表，如果出现好机会，它没有理由不能通过收购进入该行业。当投资者对可再生能源感到不满并压低专注于清洁能源的公司的股价时，这个机会有望到来。</blockquote></p><p> <b>Not perfect, but pretty good</b></p><p><blockquote><b>不完美，但相当不错</b></blockquote></p><p> Every investment comes with a few warts, and Chevron is no different. However, for conservative income investors looking to put money to work in the out-of-favor energy sector, it has a lot of positives. Specifically, the company's historically high yield, industry-leading financial strength, and diversified business model all give it an edge over its peers. And the negative that Chevron is taking a slow approach on the global warming front may not be as bad as some fear.</p><p><blockquote>每项投资都有一些缺点，雪佛龙也不例外。然而，对于希望将资金投入不受欢迎的能源行业的保守收入投资者来说，它有很多积极因素。具体而言，该公司历史上较高的收益率、行业领先的财务实力以及多元化的商业模式都使其比同行更具优势。雪佛龙在全球变暖方面采取缓慢措施的负面影响可能并不像一些人担心的那么糟糕。</blockquote></p><p> For most income investors, Chevron stacks up really well compared to the competition.</p><p><blockquote>对于大多数收益投资者来说，雪佛龙与竞争对手相比表现非常好。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/05/19/is-chevron-stock-a-buy/\">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":{"CVX":"雪佛龙"},"source_url":"https://www.fool.com/investing/2021/05/19/is-chevron-stock-a-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138700843","content_text":"Chevron's yield is at the low end of its energy major peer group. Here's why conservative income investors might still want to buy it anyway.\nDespite improving commodity prices, the energy sector remains deeply out of favor. For income investors with a contrarian bent, however, that's a potential buying opportunity. The problem is that there are still very real issues for energy companies to deal with. That's why integrated giant Chevron (NYSE:CVX) is one of the best options in the space. Here's a few points to back that up.\n1. Diversification\nThere are a multitude of ways to invest in the energy sector, from the upstream (exploration and production) to the downstream (chemicals and refining), and there are different dynamics to each major area. Chevron, one of the world's largest integrated energy companies, has exposure across the value chain, from drilling to transportation (the midstream sector) to processing. That provides balance to its portfolio, since in normal markets some areas will usually be doing better than others and helping to smooth out financial results.\nIMAGE SOURCE: GETTY IMAGES.\nConservative investors know that diversification is good for their portfolios, but it can also be good for a company's business. It may seem like small solace, but in 2020 Chevron's international downstream business was in the black while all of its other reporting segments were in the red. It was a terrible year by any measure, but it would have been much worse if the company were only focused on drilling for oil or operating in a single market/region.\n2. Financial strength\nDiversification is nice, but Chevron is hardly the only diversified oil company. It is one of many that fall into the integrated segment of the industry. But one area where Chevron stands alone is financial strength. The company's debt-to-equity ratio is roughly 0.33 times, lower than U.S. peer ExxonMobil's (NYSE:XOM) 0.4 times and way below European peers that sit at 0.6 times or higher.\nTo be fair, European oil majors tend to carry higher debt loads and higher cash balances than Chevron or Exxon. However, spending a cash horde during an industry downturn isn't necessarily viewed as a positive by investors, and adding debt to an already debt-heavy balance sheet is equally undesirable. So Chevron's low-leverage approach may actually give it more leeway. Indeed, it used its financial strength to add debt during 2020 so it could muddle through the hit without the need to cut its dividend. It also managed to make an opportunistic acquisition and still maintain its industry-leading leverage metrics.\nCVX DEBT TO EQUITY RATIO DATA BY YCHARTS\n3. The dividend\nFor more conservative income investors, a company's dividend is sacrosanct.BP and Royal Dutch Shell both cut their dividends last year, while Exxon, Chevron, and Total did not. That said, Chevron has an over-three-decade-long streak of annual dividend increases under its belt at this point. And it just announced a 4% increase in its dividend along with its first-quarter earnings. Total is focusing on debt repayment over dividend increases right now, and while Exxon's dividend history is every bit as strong as Chevron's -- if not stronger -- its balance sheet isn't in as good shape. And, notably, Exxon has big spending plans that it needs to fund, suggesting that dividends may have to play second fiddle to capital spending in the near term. Chevron's spending plans were relatively modest even before the pandemic.\nWhen you take into account all of the above, it helps to explain why Chevron's 4.9% dividend yield is near the bottom of its peer group. However, the stock's yield is still near the high end of the company's own historical range. So it looks like Chevron is historically cheap today, even though you can get a higher yield from other companies in the sector. The problem is that to get those higher yields you need to step up the risk scale. For conservative types, that's probably not worth it.\n4. The future\nOne clear knock against Chevron is that it is dragging its feet as the world looks to move beyond oil and natural gas. That's a legitimate complaint -- Chevron is simply tiptoeing into the clean energy waters, while others, like BP and Shell, look like they are jumping in with both feet.\nThe thing is, energy transitions take time, and the world is likely to need more of all energy sources as emerging economies continue to develop. So oil and natural gas aren't likely to go away overnight.\nMeanwhile, the renewable power space looks a bit expensive right now, with intense competition resulting in inflated prices and potentially lower future returns. So taking a wait-and-see approach might actually work in Chevron's favor if it avoids overspending just to appease Wall Street. And with such a strong balance sheet, there's no reason why it can't buy its way into the sector via an acquisition should a good opportunity arise. That chance, hopefully, will come when investors have soured on renewables and bid down the stock prices of clean energy-focused names.\nNot perfect, but pretty good\nEvery investment comes with a few warts, and Chevron is no different. However, for conservative income investors looking to put money to work in the out-of-favor energy sector, it has a lot of positives. Specifically, the company's historically high yield, industry-leading financial strength, and diversified business model all give it an edge over its peers. And the negative that Chevron is taking a slow approach on the global warming front may not be as bad as some fear.\nFor most income investors, Chevron stacks up really well compared to the competition.","news_type":1,"symbols_score_info":{"CVX":0.9}},"isVote":1,"tweetType":1,"viewCount":840,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":136502481,"gmtCreate":1622025657943,"gmtModify":1631889172592,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582197396832487","authorIdStr":"3582197396832487"},"themes":[],"htmlText":"roller coaster, high risk!","listText":"roller coaster, high risk!","text":"roller coaster, high risk!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/136502481","repostId":"2138190819","repostType":4,"isVote":1,"tweetType":1,"viewCount":930,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197043837,"gmtCreate":1621413668429,"gmtModify":1631893139493,"author":{"id":"3582197396832487","authorId":"3582197396832487","name":"Hello_kitty","avatar":"https://static.tigerbbs.com/ce172006fdac34914573c7de0ca91b6b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582197396832487","authorIdStr":"3582197396832487"},"themes":[],"htmlText":"oh dear!","listText":"oh dear!","text":"oh dear!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/197043837","repostId":"1134038876","repostType":4,"isVote":1,"tweetType":1,"viewCount":564,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}