oklebs的个人主页 - 老虎社区

oklebs

暂无个人介绍

IP属地：未知

3关注

6粉丝

0主题

0勋章

2021-12-07

Looks like a good price

Lucid and Nio Are Down Over 30% From Their Highs. Is it Time to Buy?<blockquote>Lucid 和蔚来较高点下跌超过 30%。是时候买了吗？</blockquote>

2021-11-29

Rebound!!!

S&P 500 rebounds 1% from Friday’s omicron-induced sell-off, Dow gains 300 points<blockquote>标普500指数从周五 omicron 引发的抛售中反弹 1%，道指上涨 300 点</blockquote>

2021-11-11

Too expensive

Rivian shares rose more than 8% in premarket as the stock jumped nearly 30% in its debut<blockquote>Rivian股价盘前上涨超过 8%，该股首日上涨近 30%</blockquote>

2021-10-19

Forefront of innovation!

Alibaba rose nearly 2% in premarket trading as it unveils one of China’s most advanced chips<blockquote>阿里巴巴-SW在盘前交易中上涨近2%，推出中国最先进的芯片之一</blockquote>

2021-12-10

Overvalued

Grab shares dropped another 2% in premarket trading<blockquote>Grab 股价在盘前交易中又下跌 2%</blockquote>

2021-10-13

Risky?

抱歉，原内容已删除

2021-11-14

This guy seems to be messing around sometimes

抱歉，原内容已删除

2021-12-20

What happen

EV stocks fell in premarket trading, with Tesla falling more than 2%.<blockquote>电动汽车股在盘前交易中下跌，特斯拉跌幅超过2%。</blockquote>

2021-12-21

GG

Sea Limited: Beware The Illusions Of Growth<blockquote>Sea Limited：谨防增长的幻想</blockquote>

2021-12-20

Let’s go!!!

Nio unveils new model and talks power at Nio Day event<blockquote>蔚来在蔚来日活动上推出新车型并谈论动力</blockquote>

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"4091783136376870","uuid":"4091783136376870","gmtCreate":1628680090455,"gmtModify":1628680090455,"name":"oklebs","pinyin":"oklebs","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.laohu8.com/default-avatar.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":6,"headSize":3,"tweetSize":26,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":2,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-3","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"偶像虎友","description":"加入老虎社区1500天","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.04.22","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.03.28","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"35ec162348d5460f88c959321e554969-1","templateUuid":"35ec162348d5460f88c959321e554969","name":"精英交易员","description":"证券或期货账户累计交易次数达到30次","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.10.24","exceedPercentage":"60.81%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0}],"userBadgeCount":4,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":11,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":693424609,"gmtCreate":1640067313035,"gmtModify":1640067406217,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"GG","listText":"GG","text":"GG","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/693424609","repostId":"1181908837","repostType":4,"repost":{"id":"1181908837","kind":"news","pubTimestamp":1640063718,"share":"https://www.laohunote.com/m/news/1181908837?lang=zh_CN&edition=full","pubTime":"2021-12-21 13:15","market":"us","language":"en","title":"Sea Limited: Beware The Illusions Of Growth<blockquote>Sea Limited：谨防增长的幻想</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1181908837","media":"Seeking Alpha","summary":"Summary\n\nSea Limited has been one of the top sought-after pandemic plays. Both of its two engines - ","content":"<p>Summary</p><p><blockquote>总结</blockquote></p><p> <ul>  <li>Sea Limited has been one of the top sought-after pandemic plays. Both of its two engines - gaming and e-commerce - are key beneficiaries of the COVID-19 measures.</li>  <li>The uniqueness of SE, the ability to leverage its cash cow gaming unit to grow new businesses, has seen investors flocking to it. But these dynamics have changed.</li>  <li>The e-commerce unit's EBITDA is getting more negative by the quarter amid a shrinking GMV per order trend.</li>  <li>The profit from Garena is already unable to cover the losses from the other units in the past quarters. If Garena falters, the ability to \"subsidize\" the e-commerce and fintech arms would diminish further.</li>  <li>Analysts are projecting a persistent revenue growth slowdown in the coming quarters and years.</li> </ul> Investment thesis</p><p><blockquote><ul><li>Sea Limited 一直是最受欢迎的疫情剧之一。它的两个引擎——游戏和电子商务——都是新冠肺炎措施的主要受益者。</li><li>SE 的独特性，即利用其摇钱树游戏部门发展新业务的能力，吸引了投资者蜂拥而至。但这些动态已经改变。</li><li>由于每订单 GMV 趋势萎缩，电子商务部门的 EBITDA 本季度变得更加负面。</li><li>Garena 的利润已经无法弥补过去几个季度其他部门的损失。如果Garena步履蹒跚，“补贴”电子商务和金融科技武器的能力将进一步削弱。</li><li>分析师预计未来几个季度和几年收入增长将持续放缓。</li></ul>投资论文</blockquote></p><p> Sea Limited(NYSE:SE)has been one of the top sought-after pandemic plays. Both of its two engines - gaming and e-commerce - are key beneficiaries of the COVID-19 measures such as study/work-from-home. SE stock was already a solid performer pre-COVID, with gains surpassing that of its Chinese peer, Tencent Holdings (OTCPK:TCEHY) (OTCPK:TCTZF), and Latin American peer, MercadoLibre Inc. (MELI).</p><p><blockquote>Sea Limited（纽约证券交易所股票代码：SE）一直是最受欢迎的疫情公司之一。它的两个引擎——游戏和电子商务——都是学习/在家工作等新冠肺炎措施的主要受益者。SE 股票在新冠疫情爆发前就已经表现稳健，涨幅超过了中国同行腾讯控股控股 (OTCPK:TCEHY) (OTCPK:TCTZF) 和拉丁美洲同行 MercadoLibre Inc. (MELI)。</blockquote></p><p> Over the past three years, Sea Ltd. has seen its share price soar more than 3000 percent. After recent declines, SE stock is still up over 17 times from late December 2018. In the same period MELI stock is up 2.8 times while TCEHY stock is up only 47 percent.</p><p><blockquote>过去三年，Sea Ltd. 的股价飙升了 3000% 以上。在经历了最近的下跌之后，SE 股票自 2018 年 12 月下旬以来仍上涨了 17 倍以上。同期，MELI 股票上涨了 2.8 倍，而 TCEHY 股票仅上涨了 47%。</blockquote></p><p> Strictly speaking, Sea Limited doesn't have an equivalent among the large internet companies. Its gaming business is highly profitable, enabling it to fund its heavily loss-making e-commerce and fintech units. MercadoLibre hosts the largest online commerce and payments ecosystem in Latin America and it doesn't count gaming as a core business.</p><p><blockquote>严格来说，Sea Limited在大型互联网公司中没有可比性。其游戏业务利润丰厚，使其能够为亏损严重的电子商务和金融科技部门提供资金。MercadoLibre拥有拉丁美洲最大的在线商务和支付生态系统，它不将游戏视为核心业务。</blockquote></p><p> Tencent is big in gaming and fintech but its e-commerce ambitions are mostly manifested through its investments in related companies. Alibaba Group Holding (BABA) is huge in e-commerce and fintech but gaming is not a meaningful division on its own.</p><p><blockquote>腾讯控股在游戏和金融科技领域很大，但其电子商务雄心主要体现在对相关公司的投资上。阿里巴巴-SW集团控股公司（BABA）在电子商务和金融科技领域规模庞大，但游戏本身并不是一个有意义的部门。</blockquote></p><p> Sea Limited's peers in Southeast Asia are also having different backgrounds. Grab Holdings Limited (GRAB) started as a ride-hailing platform and subsequently branched into fintech and on-demand delivery including groceries. Indonesia's GoTo Group (GOTO) is formed from the merger of the two largest startups in the country - ride-hailing giant Gojek and e-commerce company Tokopedia.</p><p><blockquote>Sea Limited在东南亚的同行也有不同的背景。Grab Holdings Limited (GRAB) 最初是一个叫车平台，随后扩展到金融科技和包括食品杂货在内的按需配送领域。印度尼西亚的GoTo集团（GoTo）由该国最大的两家初创公司——打车巨头Gojek和电子商务公司Tokopedia合并而成。</blockquote></p><p> Thus, the uniqueness of Sea Limited, particularly the ability to leverage its cash cow gaming unit to grow new businesses, has seen investors flocking to this tech firm halfway around the globe from the U.S. However, the growth at its gaming unit, Garena, which the company categorizes as Digital Entertainment, registered a dramatic slowdown in the third quarter of 2021.</p><p><blockquote>因此，Sea Limited 的独特性，特别是利用其摇钱树游戏部门发展新业务的能力，使得投资者从美国涌向地球另一端的这家科技公司。然而，其游戏部门 Garena（该公司将其归类为数字娱乐）的增长在 2021 年第三季度大幅放缓。</blockquote></p><p> Although the gross orders and GMV metrics are still showing healthy growth, the e-commerce unit's EBITDA is getting more negative by the quarter. The total adjusted EBITDA for Sea Limited has flipped to negative this year. In other words, the profitable gaming business is no longer able to offset the escalating losses from the e-commerce and digital financial services divisions.</p><p><blockquote>尽管总订单和 GMV 指标仍呈现健康增长，但电子商务部门的 EBITDA 在本季度变得更加负。Sea Limited 的调整后 EBITDA 总额今年已转为负值。换句话说，盈利的博彩业务已无法抵消电子商务和数字金融服务部门不断上升的亏损。</blockquote></p><p> At the same time, share-based compensation continues to rise steadily. Competition in the region is also heating up, with GRAB coming to public view following its merger with a SPAC, and GoTo Group eager to show solid growth figures in the&nbsp;prelude&nbsp;to its IPO.</p><p><blockquote>与此同时，股权薪酬继续稳步上升。该地区的竞争也在加剧，GRAB 在与 SPAC 合并后进入公众视野，而 GoTo Group 渴望在 IPO 前奏中展示稳健的增长数据。</blockquote></p><p> Hence, while I'm late to the warning party, with the SE stock down 42 percent from its recent peak, the steepest fall since it became publicly traded, I believe there could be further downside over the months ahead.</p><p><blockquote>因此，虽然我发出警告晚了，SE 股价较最近的峰值下跌了 42%，这是自公开交易以来的最大跌幅，但我相信未来几个月可能会出现进一步的下跌。</blockquote></p><p> Thus, the motivation of this article is to delve deeper into the seemingly incomplete picture provided by the results presentations to understand the health of Sea Limited's e-commerce business. I will also highlight the ballooning losses as the divisions named E-Commerce and Digital Financial Services scale up.</p><p><blockquote>因此，本文的动机是更深入地研究结果演示提供的看似不完整的图景，以了解Sea Limited电子商务业务的健康状况。我还将强调随着电子商务和数字金融服务部门规模的扩大，亏损不断膨胀。</blockquote></p><p> GMV growth tells only a partial (and possibly erroneous) story</p><p><blockquote>GMV 增长只讲述了一个部分（并且可能是错误的）故事</blockquote></p><p></p><p> Sea Limited's e-commerce arm, Shopee, has successfully increased its gross orders from 0.6 billion in 2Q 2020 to 1.7 billion in 3Q 2021, nearly tripling during the interval. Shopee's gross merchandise value (GMV) more than doubled from US$8.0 billion in 2Q 2020 to US$16.8 billion in 3Q 2021.<img src=\"https://static.tigerbbs.com/c762afa3d2ab4131c56afe6ee34fdb07\" tg-width=\"652\" tg-height=\"328\" width=\"100%\" height=\"auto\">While the growth figures look all fantastic, we need to understand the gross order numbers have been increasing at a faster pace than the GMV. In other words, the value per transaction has been declining steadily. The GMV per gross order has fallen from $13.3 in Q3 2020 to $9.9 in Q3 2021. I estimated this to reduce further to around $9.3 for the final quarter of 2021 if the trend continues.<img src=\"https://static.tigerbbs.com/aac28723c01b836c9673b49744926e09\" tg-width=\"652\" tg-height=\"391\" width=\"100%\" height=\"auto\">A smaller value per order may help Shopee gain from transaction-based fees. However, it's hard to see how the rising prevalence of lower value items helps with monetizing value-added services and advertising revenue over the long run.</p><p><blockquote>Sea Limited 的电子商务部门 Shopee 已成功将其总订单量从 2020 年第二季度的 6 亿增加到 2021 年第三季度的 17 亿，在此期间增长了近两倍。Shopee 的商品总价值 (GMV) 从 2020 年第二季度的 80 亿美元增长到 2021 年第三季度的 168 亿美元，增长了一倍多。虽然增长数据看起来都很棒，但我们需要了解总订单数量的增长速度比 GMV 还要快。换句话说，每笔交易的价值一直在稳步下降。每笔总订单的GMV从2020年第三季度的13.3美元下降到2021年第三季度的9.9美元。我估计，如果这一趋势继续下去，2021 年最后一个季度将进一步降至 9.3 美元左右。每个订单的较小价值可能有助于 Shopee 从基于交易的费用中获益。然而，从长远来看，很难看出低价值商品的日益普及如何有助于增值服务和广告收入的货币化。</blockquote></p><p> For now, Shopee is still reporting healthy monetization, with GAAP revenue as a percentage of total GMV rising to 8.6 percent from 6.7 percent in the third quarter of 2020. GAAP e-commerce revenue grew 134 percent from last year to reach $1.5 billion.</p><p><blockquote>目前，Shopee 仍报告健康的货币化，GAAP 收入占总 GMV 的百分比从 2020 年第三季度的 6.7% 上升至 8.6%。GAAP 电子商务收入较去年增长 134%，达到 15 亿美元。</blockquote></p><p> To reverse the shrinking GMV per order trend, Shopee would need to sell larger ticket items like luxury products. Shopee recognizes this and it launched Shopee Premium, a delicate section on Shopee for select brand partners in the luxury segment, a year ago.</p><p><blockquote>为了扭转每订单 GMV 萎缩的趋势，Shopee 需要销售奢侈品等更大的门票商品。Shopee 认识到了这一点，并在一年前推出了 Shopee Premium，这是 Shopee 上针对奢侈品领域精选品牌合作伙伴的一个精致版块。</blockquote></p><p> It remains to be seen if Shopee can improve the user experience sufficiently to entice users to shop luxury items on its app. In its present form, based on my experience and the feedback I gathered from friends, navigation on the Shopee app can be frustrating at times and the product information page leaves much to be desired.</p><p><blockquote>Shopee能否充分改善用户体验，以吸引用户在其应用程序上购买奢侈品，还有待观察。根据我的经验和从朋友那里收集的反馈，在目前的形式下，Shopee应用程序上的导航有时会令人沮丧，产品信息页面还有很多不足之处。</blockquote></p><p> Nonetheless, we are flocking to Shopee for the great bargains offered on the platform. There are plenty of deeply discounted items during \"flash sales\" periods, which have become increasingly prevalent. Would users return to Shopee when it stops being aggressive on promotions and if competing platforms turn on their respective campaigns?</p><p><blockquote>尽管如此，我们还是涌向Shopee，寻找平台上提供的超值优惠。在“闪购”期间有很多大幅折扣的商品，这种情况变得越来越普遍。当Shopee不再积极促销时，如果竞争平台开始各自的活动，用户会回到Shopee吗？</blockquote></p><p> Unless the luxury products are heavily discounted, I question why users would buy on Shopee otherwise, at least based on the current interface. Then again, luxury brands wouldn't want to sully their image with steep offers on Shopee, or Shopee Premium, for that matter.</p><p><blockquote>除非奢侈品大幅打折，否则我质疑用户为什么会在Shopee上购买，至少基于当前的界面。话又说回来，奢侈品牌不想在 Shopee 或 Shopee Premium 上提供高额优惠来玷污自己的形象。</blockquote></p><p> A lower GMV per transaction would also imply that Shopee's operating cost could be rising, considering the larger bandwidth and processing efforts required in handling the growing orders.</p><p><blockquote>考虑到处理不断增长的订单所需的更大带宽和处理工作量，每笔交易的 GMV 较低也意味着 Shopee 的运营成本可能会上升。</blockquote></p><p> Losses keep ballooning, share-based compensation keeps rising</p><p><blockquote>亏损不断膨胀，股权薪酬不断上升</blockquote></p><p> GAAP e-commerce revenue growth is healthy and even outpacing the GMV growth. That means Sea Limited's Shopee is increasing its monetization. However, is all well and good?</p><p><blockquote>GAAP电子商务收入增长健康，甚至超过了GMV增长。这意味着 Sea Limited 的 Shopee 正在增加其货币化。然而，一切都好吗？</blockquote></p><p> Sea Limited's total revenues have risen rapidly over the past years, but so have its losses. Just looking at the cost of revenues and total operating expenses, these have soared, growing exponentially in recent years. If we just obsess with growing sales at all costs, then we can ignore the escalating losses.</p><p><blockquote>Sea Limited 的总收入在过去几年中迅速上升，但其亏损也在迅速增加。只要看看收入成本和总运营费用，这些都在飙升，近年来呈指数级增长。如果我们只是痴迷于不惜一切代价增加销售额，那么我们就可以忽略不断上升的亏损。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7ef17a9a9a279c55673ba39f1dd74577\" tg-width=\"625\" tg-height=\"418\" width=\"100%\" height=\"auto\">However, can shareholders be comfortable with the skyrocketing losses over another few years? Sea Limited looks set to end 2021 with a larger loss than last year, which already saw a substantially higher loss than 2019. One major driver of this is the inability of the Digital Entertainment division to offset the losses from the other two core business units - E-Commerce and Digital Financial Services. This resulted in the total adjusted EBITDA sinking to a negative $165.5 million in the third quarter of 2021 compared to a $120.4 billion gain in the same period last year.</p><p><blockquote>然而，股东们能接受未来几年飙升的亏损吗？Sea Limited 看起来将在 2021 年底出现比去年更大的亏损，而去年的亏损已经远高于 2019 年。其中一个主要驱动因素是数字娱乐部门无法抵消其他两个核心业务部门——电子商务和数字金融服务——的损失。这导致 2021 年第三季度调整后 EBITDA 总额降至负 1.655 亿美元，而去年同期为 1204 亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7613c5f9692fd8549e9da2f931ab3a68\" tg-width=\"613\" tg-height=\"509\" width=\"100%\" height=\"auto\">We often hear the bear case saying that if these pandemic beneficiaries cannot turn their economies of scale into profitability with this massive tailwind, when will they ever? Despite ever-rising revenues, Sea Ltd. has been posting a downtrend in its operating income and net income. Sea Ltd.'s net income reached a staggering $1.95 billion on a trailing twelve-month basis as of the third quarter of 2021.</p><p><blockquote>我们经常听到熊的案例说，如果这些疫情受益者不能在这种巨大的顺风下将他们的规模经济转化为盈利，他们什么时候才能实现？尽管收入不断增长，Sea Ltd. 的经营利润和净利润却呈下降趋势。截至 2021 年第三季度，Sea Ltd. 过去 12 个月的净利润达到惊人的 19.5 亿美元。</blockquote></p><p></p><p> The bull camp can defend Sea Limited saying it is still investing in user growth and new businesses. That's fair. However, are shareholders aware that Wall Street analysts have projected a significant slowdown in Sea Ltd.'s revenue growth? On a consensus basis, its Q4 2021 revenue would slow further to 93.5 percent and the subsequent quarters will continue the deceleration to post 16.1 percent year-on-year growth by the fourth quarter of 2023.</p><p><blockquote>多头阵营可以为 Sea Limited 辩护，称其仍在投资用户增长和新业务。这很公平。然而，股东是否意识到华尔街分析师预测 Sea Ltd. 的收入增长将大幅放缓？根据共识，其 2021 年第四季度收入将进一步放缓至 93.5%，随后几个季度将继续放缓，到 2023 年第四季度同比增长 16.1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/547ca89e5de6c8d087dfbd50dd92c0d7\" tg-width=\"593\" tg-height=\"371\" width=\"100%\" height=\"auto\">Looking further out, Sea Limited's revenue growth on a year-on-year basis is estimated to shrink from 114.6 percent in 2021 to 50.1 percent next year and a mere 8.8 percent by the end of 2025.<img src=\"https://static.tigerbbs.com/61d4ffb56269c34a8a17dfcd097375cc\" tg-width=\"612\" tg-height=\"249\" width=\"100%\" height=\"auto\">The bulls could argue that Sea Limited has a strong track record of surpassing the consensus revenue estimates. In the 16 quarters of posting earnings as a public company, it has only one miss (Q1 2021) and that was a very minor one. This suggests that analysts have been conservative in their forecasts on Sea Limited and there is room for upward adjustments in the coming quarters.<img src=\"https://static.tigerbbs.com/77fd8b53015b510bb1e02139cd50a625\" tg-width=\"615\" tg-height=\"325\" width=\"100%\" height=\"auto\">However, if Sea Limited maintains its breakneck revenue growth while its profitability doesn't improve to a positive in the coming years, analysts and shareholders would be hard-pressed to find a convincing reason to keep their faith in the company. According to the consensus estimates, Sea Limited wouldn't see a positive profit before 2024.<img src=\"https://static.tigerbbs.com/f88fc46a02603196127dcef0701f4529\" tg-width=\"620\" tg-height=\"186\" width=\"100%\" height=\"auto\">The projection showing an improving EPS trend is comforting. However, in contrast with its revenue beats, Sea Limited has long been challenged in meeting analysts' expectations of its earnings. Except for one lone quarter, Sea Limited has delivered negative surprises for all its reported quarterly EPS. In the last reported quarter, Sea Limited missed by a whopping 37.4 percent.</p><p><blockquote>展望未来，Sea Limited 的收入同比增长率预计将从 2021 年的 114.6% 萎缩至明年的 50.1%，到 2025 年底仅为 8.8%。看涨者可能会认为 Sea Limited 拥有超出普遍收入预期的良好记录。在作为一家上市公司公布收益的 16 个季度中，它只有一次失败（2021 年第一季度），而且是一次非常轻微的失败。这表明分析师对 Sea Limited 的预测一直保守，未来几个季度还有上调的空间。然而，如果 Sea Limited 保持快速增长的收入，而其盈利能力在未来几年却没有改善为正，分析师和股东将很难找到令人信服的理由来保持对该公司的信心。根据普遍估计，Sea Limited 在 2024 年之前不会实现正利润。显示每股收益改善趋势的预测令人欣慰。然而，与其收入增长形成鲜明对比的是，Sea Limited 长期以来在满足分析师对其盈利的预期方面一直面临挑战。除了一个季度外，Sea Limited 报告的所有季度每股收益均出现负面意外。在上一个报告季度，Sea Limited 的亏损高达 37.4%。</blockquote></p><p> The largest-ever miss was in March 2020 where the reported EPS was 78.9 percent lower than the consensus. This meant that the above analyst estimates for its EPS could be optimistic and Sea Limited may not see a positive profit even in 2024 or 2025.</p><p><blockquote>有史以来最大的失误发生在 2020 年 3 月，当时报告的每股收益比市场预期低 78.9%。这意味着上述分析师对其每股收益的预测可能是乐观的，Sea Limited 即使在 2024 年或 2025 年也可能不会实现正利润。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/373d1efa57c3058f0cb2d6628368087f\" tg-width=\"627\" tg-height=\"322\" width=\"100%\" height=\"auto\">Hedgeye recently named Sea Limited as its&nbsp;best idea short. The research firm called Sea Limited's flagship game Garena Free Fire a \"one-hit wonder whose performance has peaked.\" The profit from Garena is already unable to cover the losses from the other units in the past quarters. If Garena falters, the ability to 'subsidize' the e-commerce and fintech arms would diminish further. Constraining the freewheeling 'spending' for the latter two units may result in slower growth that reverses the bull camp's thesis.</p><p><blockquote>Hedgeye 最近将 Sea Limited 命名为其最佳创意空头。该研究公司称 Sea Limited 的旗舰游戏 Garena Free Fire 是“性能达到顶峰的一次性奇迹”。Garena 的利润已经无法弥补过去几个季度其他部门的损失。如果 Garena 步履蹒跚，“补贴”电子商务和金融科技领域的能力将进一步削弱。限制后两个单位的随意“支出”可能会导致增长放缓，从而推翻牛市阵营的论点。</blockquote></p><p> Never mind the widening losses, shareholders can wait, the management might have reasoned. Meanwhile, Sea Limited remains generous with its share-based compensation [SBC]. The SBC is projected to rise to $133.4 million for the final quarter of 2021. This is a sharp rise from the mere $34.9 million given out in 2019 4Q.</p><p><blockquote>别介意亏损不断扩大，股东可以等待，管理层可能已经给出了理由。与此同时，Sea Limited 仍然慷慨地提供基于股份的薪酬 [SBC]。预计到2021年最后一个季度，SBC将增至1.334亿美元。这比 2019 年第四季度仅发放的 3490 万美元大幅上升。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/de99388fbd2c5d34db0aa558e6665dbe\" tg-width=\"633\" tg-height=\"416\" width=\"100%\" height=\"auto\">It may be worthwhile to note that the outstanding shares count of Sea Limited has doubled from 2017. In September, the company&nbsp;made&nbsp;a direct public offering of 11 million American Depositary Shares and 0.25 percent convertible senior unsecured notes with an aggregate principal of US$2.5 billion.</p><p><blockquote>值得注意的是，Sea Limited 的流通股数量自 2017 年以来翻了一番。9月，该公司直接公开发行1100万股美国存托股票和0.25%可转换优先无担保票据，本金总额为25亿美元。</blockquote></p><p> Sea Limited said then that it planned \"to use the net proceeds from the Offerings for business expansion and other general corporate purposes, including potential strategic investments and acquisitions.\" Could its international expansion endeavors support Sea Limited in perpetuating its high-growth story? At the expense of escalating costs amid a reckoning of pandemic stocks?</p><p><blockquote>Sea Limited 当时表示，计划“将此次发行的净收益用于业务扩张和其他一般企业目的，包括潜在的战略投资和收购。”其国际扩张努力能否支持 Sea Limited 延续其高增长故事？在清算大流行库存的情况下，以不断上升的成本为代价？</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Limited: Beware The Illusions Of Growth<blockquote>Sea Limited：谨防增长的幻想</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\">\nSea Limited: Beware The Illusions Of Growth<blockquote>Sea Limited：谨防增长的幻想</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-12-21 13:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Summary</p><p><blockquote>总结</blockquote></p><p> <ul>  <li>Sea Limited has been one of the top sought-after pandemic plays. Both of its two engines - gaming and e-commerce - are key beneficiaries of the COVID-19 measures.</li>  <li>The uniqueness of SE, the ability to leverage its cash cow gaming unit to grow new businesses, has seen investors flocking to it. But these dynamics have changed.</li>  <li>The e-commerce unit's EBITDA is getting more negative by the quarter amid a shrinking GMV per order trend.</li>  <li>The profit from Garena is already unable to cover the losses from the other units in the past quarters. If Garena falters, the ability to \"subsidize\" the e-commerce and fintech arms would diminish further.</li>  <li>Analysts are projecting a persistent revenue growth slowdown in the coming quarters and years.</li> </ul> Investment thesis</p><p><blockquote><ul><li>Sea Limited 一直是最受欢迎的疫情剧之一。它的两个引擎——游戏和电子商务——都是新冠肺炎措施的主要受益者。</li><li>SE 的独特性，即利用其摇钱树游戏部门发展新业务的能力，吸引了投资者蜂拥而至。但这些动态已经改变。</li><li>由于每订单 GMV 趋势萎缩，电子商务部门的 EBITDA 本季度变得更加负面。</li><li>Garena 的利润已经无法弥补过去几个季度其他部门的损失。如果Garena步履蹒跚，“补贴”电子商务和金融科技武器的能力将进一步削弱。</li><li>分析师预计未来几个季度和几年收入增长将持续放缓。</li></ul>投资论文</blockquote></p><p> Sea Limited(NYSE:SE)has been one of the top sought-after pandemic plays. Both of its two engines - gaming and e-commerce - are key beneficiaries of the COVID-19 measures such as study/work-from-home. SE stock was already a solid performer pre-COVID, with gains surpassing that of its Chinese peer, Tencent Holdings (OTCPK:TCEHY) (OTCPK:TCTZF), and Latin American peer, MercadoLibre Inc. (MELI).</p><p><blockquote>Sea Limited（纽约证券交易所股票代码：SE）一直是最受欢迎的疫情公司之一。它的两个引擎——游戏和电子商务——都是学习/在家工作等新冠肺炎措施的主要受益者。SE 股票在新冠疫情爆发前就已经表现稳健，涨幅超过了中国同行腾讯控股控股 (OTCPK:TCEHY) (OTCPK:TCTZF) 和拉丁美洲同行 MercadoLibre Inc. (MELI)。</blockquote></p><p> Over the past three years, Sea Ltd. has seen its share price soar more than 3000 percent. After recent declines, SE stock is still up over 17 times from late December 2018. In the same period MELI stock is up 2.8 times while TCEHY stock is up only 47 percent.</p><p><blockquote>过去三年，Sea Ltd. 的股价飙升了 3000% 以上。在经历了最近的下跌之后，SE 股票自 2018 年 12 月下旬以来仍上涨了 17 倍以上。同期，MELI 股票上涨了 2.8 倍，而 TCEHY 股票仅上涨了 47%。</blockquote></p><p> Strictly speaking, Sea Limited doesn't have an equivalent among the large internet companies. Its gaming business is highly profitable, enabling it to fund its heavily loss-making e-commerce and fintech units. MercadoLibre hosts the largest online commerce and payments ecosystem in Latin America and it doesn't count gaming as a core business.</p><p><blockquote>严格来说，Sea Limited在大型互联网公司中没有可比性。其游戏业务利润丰厚，使其能够为亏损严重的电子商务和金融科技部门提供资金。MercadoLibre拥有拉丁美洲最大的在线商务和支付生态系统，它不将游戏视为核心业务。</blockquote></p><p> Tencent is big in gaming and fintech but its e-commerce ambitions are mostly manifested through its investments in related companies. Alibaba Group Holding (BABA) is huge in e-commerce and fintech but gaming is not a meaningful division on its own.</p><p><blockquote>腾讯控股在游戏和金融科技领域很大，但其电子商务雄心主要体现在对相关公司的投资上。阿里巴巴-SW集团控股公司（BABA）在电子商务和金融科技领域规模庞大，但游戏本身并不是一个有意义的部门。</blockquote></p><p> Sea Limited's peers in Southeast Asia are also having different backgrounds. Grab Holdings Limited (GRAB) started as a ride-hailing platform and subsequently branched into fintech and on-demand delivery including groceries. Indonesia's GoTo Group (GOTO) is formed from the merger of the two largest startups in the country - ride-hailing giant Gojek and e-commerce company Tokopedia.</p><p><blockquote>Sea Limited在东南亚的同行也有不同的背景。Grab Holdings Limited (GRAB) 最初是一个叫车平台，随后扩展到金融科技和包括食品杂货在内的按需配送领域。印度尼西亚的GoTo集团（GoTo）由该国最大的两家初创公司——打车巨头Gojek和电子商务公司Tokopedia合并而成。</blockquote></p><p> Thus, the uniqueness of Sea Limited, particularly the ability to leverage its cash cow gaming unit to grow new businesses, has seen investors flocking to this tech firm halfway around the globe from the U.S. However, the growth at its gaming unit, Garena, which the company categorizes as Digital Entertainment, registered a dramatic slowdown in the third quarter of 2021.</p><p><blockquote>因此，Sea Limited 的独特性，特别是利用其摇钱树游戏部门发展新业务的能力，使得投资者从美国涌向地球另一端的这家科技公司。然而，其游戏部门 Garena（该公司将其归类为数字娱乐）的增长在 2021 年第三季度大幅放缓。</blockquote></p><p> Although the gross orders and GMV metrics are still showing healthy growth, the e-commerce unit's EBITDA is getting more negative by the quarter. The total adjusted EBITDA for Sea Limited has flipped to negative this year. In other words, the profitable gaming business is no longer able to offset the escalating losses from the e-commerce and digital financial services divisions.</p><p><blockquote>尽管总订单和 GMV 指标仍呈现健康增长，但电子商务部门的 EBITDA 在本季度变得更加负。Sea Limited 的调整后 EBITDA 总额今年已转为负值。换句话说，盈利的博彩业务已无法抵消电子商务和数字金融服务部门不断上升的亏损。</blockquote></p><p> At the same time, share-based compensation continues to rise steadily. Competition in the region is also heating up, with GRAB coming to public view following its merger with a SPAC, and GoTo Group eager to show solid growth figures in the&nbsp;prelude&nbsp;to its IPO.</p><p><blockquote>与此同时，股权薪酬继续稳步上升。该地区的竞争也在加剧，GRAB 在与 SPAC 合并后进入公众视野，而 GoTo Group 渴望在 IPO 前奏中展示稳健的增长数据。</blockquote></p><p> Hence, while I'm late to the warning party, with the SE stock down 42 percent from its recent peak, the steepest fall since it became publicly traded, I believe there could be further downside over the months ahead.</p><p><blockquote>因此，虽然我发出警告晚了，SE 股价较最近的峰值下跌了 42%，这是自公开交易以来的最大跌幅，但我相信未来几个月可能会出现进一步的下跌。</blockquote></p><p> Thus, the motivation of this article is to delve deeper into the seemingly incomplete picture provided by the results presentations to understand the health of Sea Limited's e-commerce business. I will also highlight the ballooning losses as the divisions named E-Commerce and Digital Financial Services scale up.</p><p><blockquote>因此，本文的动机是更深入地研究结果演示提供的看似不完整的图景，以了解Sea Limited电子商务业务的健康状况。我还将强调随着电子商务和数字金融服务部门规模的扩大，亏损不断膨胀。</blockquote></p><p> GMV growth tells only a partial (and possibly erroneous) story</p><p><blockquote>GMV 增长只讲述了一个部分（并且可能是错误的）故事</blockquote></p><p></p><p> Sea Limited's e-commerce arm, Shopee, has successfully increased its gross orders from 0.6 billion in 2Q 2020 to 1.7 billion in 3Q 2021, nearly tripling during the interval. Shopee's gross merchandise value (GMV) more than doubled from US$8.0 billion in 2Q 2020 to US$16.8 billion in 3Q 2021.<img src=\"https://static.tigerbbs.com/c762afa3d2ab4131c56afe6ee34fdb07\" tg-width=\"652\" tg-height=\"328\" width=\"100%\" height=\"auto\">While the growth figures look all fantastic, we need to understand the gross order numbers have been increasing at a faster pace than the GMV. In other words, the value per transaction has been declining steadily. The GMV per gross order has fallen from $13.3 in Q3 2020 to $9.9 in Q3 2021. I estimated this to reduce further to around $9.3 for the final quarter of 2021 if the trend continues.<img src=\"https://static.tigerbbs.com/aac28723c01b836c9673b49744926e09\" tg-width=\"652\" tg-height=\"391\" width=\"100%\" height=\"auto\">A smaller value per order may help Shopee gain from transaction-based fees. However, it's hard to see how the rising prevalence of lower value items helps with monetizing value-added services and advertising revenue over the long run.</p><p><blockquote>Sea Limited 的电子商务部门 Shopee 已成功将其总订单量从 2020 年第二季度的 6 亿增加到 2021 年第三季度的 17 亿，在此期间增长了近两倍。Shopee 的商品总价值 (GMV) 从 2020 年第二季度的 80 亿美元增长到 2021 年第三季度的 168 亿美元，增长了一倍多。虽然增长数据看起来都很棒，但我们需要了解总订单数量的增长速度比 GMV 还要快。换句话说，每笔交易的价值一直在稳步下降。每笔总订单的GMV从2020年第三季度的13.3美元下降到2021年第三季度的9.9美元。我估计，如果这一趋势继续下去，2021 年最后一个季度将进一步降至 9.3 美元左右。每个订单的较小价值可能有助于 Shopee 从基于交易的费用中获益。然而，从长远来看，很难看出低价值商品的日益普及如何有助于增值服务和广告收入的货币化。</blockquote></p><p> For now, Shopee is still reporting healthy monetization, with GAAP revenue as a percentage of total GMV rising to 8.6 percent from 6.7 percent in the third quarter of 2020. GAAP e-commerce revenue grew 134 percent from last year to reach $1.5 billion.</p><p><blockquote>目前，Shopee 仍报告健康的货币化，GAAP 收入占总 GMV 的百分比从 2020 年第三季度的 6.7% 上升至 8.6%。GAAP 电子商务收入较去年增长 134%，达到 15 亿美元。</blockquote></p><p> To reverse the shrinking GMV per order trend, Shopee would need to sell larger ticket items like luxury products. Shopee recognizes this and it launched Shopee Premium, a delicate section on Shopee for select brand partners in the luxury segment, a year ago.</p><p><blockquote>为了扭转每订单 GMV 萎缩的趋势，Shopee 需要销售奢侈品等更大的门票商品。Shopee 认识到了这一点，并在一年前推出了 Shopee Premium，这是 Shopee 上针对奢侈品领域精选品牌合作伙伴的一个精致版块。</blockquote></p><p> It remains to be seen if Shopee can improve the user experience sufficiently to entice users to shop luxury items on its app. In its present form, based on my experience and the feedback I gathered from friends, navigation on the Shopee app can be frustrating at times and the product information page leaves much to be desired.</p><p><blockquote>Shopee能否充分改善用户体验，以吸引用户在其应用程序上购买奢侈品，还有待观察。根据我的经验和从朋友那里收集的反馈，在目前的形式下，Shopee应用程序上的导航有时会令人沮丧，产品信息页面还有很多不足之处。</blockquote></p><p> Nonetheless, we are flocking to Shopee for the great bargains offered on the platform. There are plenty of deeply discounted items during \"flash sales\" periods, which have become increasingly prevalent. Would users return to Shopee when it stops being aggressive on promotions and if competing platforms turn on their respective campaigns?</p><p><blockquote>尽管如此，我们还是涌向Shopee，寻找平台上提供的超值优惠。在“闪购”期间有很多大幅折扣的商品，这种情况变得越来越普遍。当Shopee不再积极促销时，如果竞争平台开始各自的活动，用户会回到Shopee吗？</blockquote></p><p> Unless the luxury products are heavily discounted, I question why users would buy on Shopee otherwise, at least based on the current interface. Then again, luxury brands wouldn't want to sully their image with steep offers on Shopee, or Shopee Premium, for that matter.</p><p><blockquote>除非奢侈品大幅打折，否则我质疑用户为什么会在Shopee上购买，至少基于当前的界面。话又说回来，奢侈品牌不想在 Shopee 或 Shopee Premium 上提供高额优惠来玷污自己的形象。</blockquote></p><p> A lower GMV per transaction would also imply that Shopee's operating cost could be rising, considering the larger bandwidth and processing efforts required in handling the growing orders.</p><p><blockquote>考虑到处理不断增长的订单所需的更大带宽和处理工作量，每笔交易的 GMV 较低也意味着 Shopee 的运营成本可能会上升。</blockquote></p><p> Losses keep ballooning, share-based compensation keeps rising</p><p><blockquote>亏损不断膨胀，股权薪酬不断上升</blockquote></p><p> GAAP e-commerce revenue growth is healthy and even outpacing the GMV growth. That means Sea Limited's Shopee is increasing its monetization. However, is all well and good?</p><p><blockquote>GAAP电子商务收入增长健康，甚至超过了GMV增长。这意味着 Sea Limited 的 Shopee 正在增加其货币化。然而，一切都好吗？</blockquote></p><p> Sea Limited's total revenues have risen rapidly over the past years, but so have its losses. Just looking at the cost of revenues and total operating expenses, these have soared, growing exponentially in recent years. If we just obsess with growing sales at all costs, then we can ignore the escalating losses.</p><p><blockquote>Sea Limited 的总收入在过去几年中迅速上升，但其亏损也在迅速增加。只要看看收入成本和总运营费用，这些都在飙升，近年来呈指数级增长。如果我们只是痴迷于不惜一切代价增加销售额，那么我们就可以忽略不断上升的亏损。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7ef17a9a9a279c55673ba39f1dd74577\" tg-width=\"625\" tg-height=\"418\" width=\"100%\" height=\"auto\">However, can shareholders be comfortable with the skyrocketing losses over another few years? Sea Limited looks set to end 2021 with a larger loss than last year, which already saw a substantially higher loss than 2019. One major driver of this is the inability of the Digital Entertainment division to offset the losses from the other two core business units - E-Commerce and Digital Financial Services. This resulted in the total adjusted EBITDA sinking to a negative $165.5 million in the third quarter of 2021 compared to a $120.4 billion gain in the same period last year.</p><p><blockquote>然而，股东们能接受未来几年飙升的亏损吗？Sea Limited 看起来将在 2021 年底出现比去年更大的亏损，而去年的亏损已经远高于 2019 年。其中一个主要驱动因素是数字娱乐部门无法抵消其他两个核心业务部门——电子商务和数字金融服务——的损失。这导致 2021 年第三季度调整后 EBITDA 总额降至负 1.655 亿美元，而去年同期为 1204 亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7613c5f9692fd8549e9da2f931ab3a68\" tg-width=\"613\" tg-height=\"509\" width=\"100%\" height=\"auto\">We often hear the bear case saying that if these pandemic beneficiaries cannot turn their economies of scale into profitability with this massive tailwind, when will they ever? Despite ever-rising revenues, Sea Ltd. has been posting a downtrend in its operating income and net income. Sea Ltd.'s net income reached a staggering $1.95 billion on a trailing twelve-month basis as of the third quarter of 2021.</p><p><blockquote>我们经常听到熊的案例说，如果这些疫情受益者不能在这种巨大的顺风下将他们的规模经济转化为盈利，他们什么时候才能实现？尽管收入不断增长，Sea Ltd. 的经营利润和净利润却呈下降趋势。截至 2021 年第三季度，Sea Ltd. 过去 12 个月的净利润达到惊人的 19.5 亿美元。</blockquote></p><p></p><p> The bull camp can defend Sea Limited saying it is still investing in user growth and new businesses. That's fair. However, are shareholders aware that Wall Street analysts have projected a significant slowdown in Sea Ltd.'s revenue growth? On a consensus basis, its Q4 2021 revenue would slow further to 93.5 percent and the subsequent quarters will continue the deceleration to post 16.1 percent year-on-year growth by the fourth quarter of 2023.</p><p><blockquote>多头阵营可以为 Sea Limited 辩护，称其仍在投资用户增长和新业务。这很公平。然而，股东是否意识到华尔街分析师预测 Sea Ltd. 的收入增长将大幅放缓？根据共识，其 2021 年第四季度收入将进一步放缓至 93.5%，随后几个季度将继续放缓，到 2023 年第四季度同比增长 16.1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/547ca89e5de6c8d087dfbd50dd92c0d7\" tg-width=\"593\" tg-height=\"371\" width=\"100%\" height=\"auto\">Looking further out, Sea Limited's revenue growth on a year-on-year basis is estimated to shrink from 114.6 percent in 2021 to 50.1 percent next year and a mere 8.8 percent by the end of 2025.<img src=\"https://static.tigerbbs.com/61d4ffb56269c34a8a17dfcd097375cc\" tg-width=\"612\" tg-height=\"249\" width=\"100%\" height=\"auto\">The bulls could argue that Sea Limited has a strong track record of surpassing the consensus revenue estimates. In the 16 quarters of posting earnings as a public company, it has only one miss (Q1 2021) and that was a very minor one. This suggests that analysts have been conservative in their forecasts on Sea Limited and there is room for upward adjustments in the coming quarters.<img src=\"https://static.tigerbbs.com/77fd8b53015b510bb1e02139cd50a625\" tg-width=\"615\" tg-height=\"325\" width=\"100%\" height=\"auto\">However, if Sea Limited maintains its breakneck revenue growth while its profitability doesn't improve to a positive in the coming years, analysts and shareholders would be hard-pressed to find a convincing reason to keep their faith in the company. According to the consensus estimates, Sea Limited wouldn't see a positive profit before 2024.<img src=\"https://static.tigerbbs.com/f88fc46a02603196127dcef0701f4529\" tg-width=\"620\" tg-height=\"186\" width=\"100%\" height=\"auto\">The projection showing an improving EPS trend is comforting. However, in contrast with its revenue beats, Sea Limited has long been challenged in meeting analysts' expectations of its earnings. Except for one lone quarter, Sea Limited has delivered negative surprises for all its reported quarterly EPS. In the last reported quarter, Sea Limited missed by a whopping 37.4 percent.</p><p><blockquote>展望未来，Sea Limited 的收入同比增长率预计将从 2021 年的 114.6% 萎缩至明年的 50.1%，到 2025 年底仅为 8.8%。看涨者可能会认为 Sea Limited 拥有超出普遍收入预期的良好记录。在作为一家上市公司公布收益的 16 个季度中，它只有一次失败（2021 年第一季度），而且是一次非常轻微的失败。这表明分析师对 Sea Limited 的预测一直保守，未来几个季度还有上调的空间。然而，如果 Sea Limited 保持快速增长的收入，而其盈利能力在未来几年却没有改善为正，分析师和股东将很难找到令人信服的理由来保持对该公司的信心。根据普遍估计，Sea Limited 在 2024 年之前不会实现正利润。显示每股收益改善趋势的预测令人欣慰。然而，与其收入增长形成鲜明对比的是，Sea Limited 长期以来在满足分析师对其盈利的预期方面一直面临挑战。除了一个季度外，Sea Limited 报告的所有季度每股收益均出现负面意外。在上一个报告季度，Sea Limited 的亏损高达 37.4%。</blockquote></p><p> The largest-ever miss was in March 2020 where the reported EPS was 78.9 percent lower than the consensus. This meant that the above analyst estimates for its EPS could be optimistic and Sea Limited may not see a positive profit even in 2024 or 2025.</p><p><blockquote>有史以来最大的失误发生在 2020 年 3 月，当时报告的每股收益比市场预期低 78.9%。这意味着上述分析师对其每股收益的预测可能是乐观的，Sea Limited 即使在 2024 年或 2025 年也可能不会实现正利润。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/373d1efa57c3058f0cb2d6628368087f\" tg-width=\"627\" tg-height=\"322\" width=\"100%\" height=\"auto\">Hedgeye recently named Sea Limited as its&nbsp;best idea short. The research firm called Sea Limited's flagship game Garena Free Fire a \"one-hit wonder whose performance has peaked.\" The profit from Garena is already unable to cover the losses from the other units in the past quarters. If Garena falters, the ability to 'subsidize' the e-commerce and fintech arms would diminish further. Constraining the freewheeling 'spending' for the latter two units may result in slower growth that reverses the bull camp's thesis.</p><p><blockquote>Hedgeye 最近将 Sea Limited 命名为其最佳创意空头。该研究公司称 Sea Limited 的旗舰游戏 Garena Free Fire 是“性能达到顶峰的一次性奇迹”。Garena 的利润已经无法弥补过去几个季度其他部门的损失。如果 Garena 步履蹒跚，“补贴”电子商务和金融科技领域的能力将进一步削弱。限制后两个单位的随意“支出”可能会导致增长放缓，从而推翻牛市阵营的论点。</blockquote></p><p> Never mind the widening losses, shareholders can wait, the management might have reasoned. Meanwhile, Sea Limited remains generous with its share-based compensation [SBC]. The SBC is projected to rise to $133.4 million for the final quarter of 2021. This is a sharp rise from the mere $34.9 million given out in 2019 4Q.</p><p><blockquote>别介意亏损不断扩大，股东可以等待，管理层可能已经给出了理由。与此同时，Sea Limited 仍然慷慨地提供基于股份的薪酬 [SBC]。预计到2021年最后一个季度，SBC将增至1.334亿美元。这比 2019 年第四季度仅发放的 3490 万美元大幅上升。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/de99388fbd2c5d34db0aa558e6665dbe\" tg-width=\"633\" tg-height=\"416\" width=\"100%\" height=\"auto\">It may be worthwhile to note that the outstanding shares count of Sea Limited has doubled from 2017. In September, the company&nbsp;made&nbsp;a direct public offering of 11 million American Depositary Shares and 0.25 percent convertible senior unsecured notes with an aggregate principal of US$2.5 billion.</p><p><blockquote>值得注意的是，Sea Limited 的流通股数量自 2017 年以来翻了一番。9月，该公司直接公开发行1100万股美国存托股票和0.25%可转换优先无担保票据，本金总额为25亿美元。</blockquote></p><p> Sea Limited said then that it planned \"to use the net proceeds from the Offerings for business expansion and other general corporate purposes, including potential strategic investments and acquisitions.\" Could its international expansion endeavors support Sea Limited in perpetuating its high-growth story? At the expense of escalating costs amid a reckoning of pandemic stocks?</p><p><blockquote>Sea Limited 当时表示，计划“将此次发行的净收益用于业务扩张和其他一般企业目的，包括潜在的战略投资和收购。”其国际扩张努力能否支持 Sea Limited 延续其高增长故事？在清算大流行库存的情况下，以不断上升的成本为代价？</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4475916-sea-limited-se-stock-beware-growth-illusions\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4475916-sea-limited-se-stock-beware-growth-illusions","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181908837","content_text":"Summary\n\nSea Limited has been one of the top sought-after pandemic plays. Both of its two engines - gaming and e-commerce - are key beneficiaries of the COVID-19 measures.\nThe uniqueness of SE, the ability to leverage its cash cow gaming unit to grow new businesses, has seen investors flocking to it. But these dynamics have changed.\nThe e-commerce unit's EBITDA is getting more negative by the quarter amid a shrinking GMV per order trend.\nThe profit from Garena is already unable to cover the losses from the other units in the past quarters. If Garena falters, the ability to \"subsidize\" the e-commerce and fintech arms would diminish further.\nAnalysts are projecting a persistent revenue growth slowdown in the coming quarters and years.\n\nInvestment thesis\nSea Limited(NYSE:SE)has been one of the top sought-after pandemic plays. Both of its two engines - gaming and e-commerce - are key beneficiaries of the COVID-19 measures such as study/work-from-home. SE stock was already a solid performer pre-COVID, with gains surpassing that of its Chinese peer, Tencent Holdings (OTCPK:TCEHY) (OTCPK:TCTZF), and Latin American peer, MercadoLibre Inc. (MELI).\nOver the past three years, Sea Ltd. has seen its share price soar more than 3000 percent. After recent declines, SE stock is still up over 17 times from late December 2018. In the same period MELI stock is up 2.8 times while TCEHY stock is up only 47 percent.\nStrictly speaking, Sea Limited doesn't have an equivalent among the large internet companies. Its gaming business is highly profitable, enabling it to fund its heavily loss-making e-commerce and fintech units. MercadoLibre hosts the largest online commerce and payments ecosystem in Latin America and it doesn't count gaming as a core business.\nTencent is big in gaming and fintech but its e-commerce ambitions are mostly manifested through its investments in related companies. Alibaba Group Holding (BABA) is huge in e-commerce and fintech but gaming is not a meaningful division on its own.\nSea Limited's peers in Southeast Asia are also having different backgrounds. Grab Holdings Limited (GRAB) started as a ride-hailing platform and subsequently branched into fintech and on-demand delivery including groceries. Indonesia's GoTo Group (GOTO) is formed from the merger of the two largest startups in the country - ride-hailing giant Gojek and e-commerce company Tokopedia.\nThus, the uniqueness of Sea Limited, particularly the ability to leverage its cash cow gaming unit to grow new businesses, has seen investors flocking to this tech firm halfway around the globe from the U.S. However, the growth at its gaming unit, Garena, which the company categorizes as Digital Entertainment, registered a dramatic slowdown in the third quarter of 2021.\nAlthough the gross orders and GMV metrics are still showing healthy growth, the e-commerce unit's EBITDA is getting more negative by the quarter. The total adjusted EBITDA for Sea Limited has flipped to negative this year. In other words, the profitable gaming business is no longer able to offset the escalating losses from the e-commerce and digital financial services divisions.\nAt the same time, share-based compensation continues to rise steadily. Competition in the region is also heating up, with GRAB coming to public view following its merger with a SPAC, and GoTo Group eager to show solid growth figures in the prelude to its IPO.\nHence, while I'm late to the warning party, with the SE stock down 42 percent from its recent peak, the steepest fall since it became publicly traded, I believe there could be further downside over the months ahead.\nThus, the motivation of this article is to delve deeper into the seemingly incomplete picture provided by the results presentations to understand the health of Sea Limited's e-commerce business. I will also highlight the ballooning losses as the divisions named E-Commerce and Digital Financial Services scale up.\nGMV growth tells only a partial (and possibly erroneous) story\nSea Limited's e-commerce arm, Shopee, has successfully increased its gross orders from 0.6 billion in 2Q 2020 to 1.7 billion in 3Q 2021, nearly tripling during the interval. Shopee's gross merchandise value (GMV) more than doubled from US$8.0 billion in 2Q 2020 to US$16.8 billion in 3Q 2021.While the growth figures look all fantastic, we need to understand the gross order numbers have been increasing at a faster pace than the GMV. In other words, the value per transaction has been declining steadily. The GMV per gross order has fallen from $13.3 in Q3 2020 to $9.9 in Q3 2021. I estimated this to reduce further to around $9.3 for the final quarter of 2021 if the trend continues.A smaller value per order may help Shopee gain from transaction-based fees. However, it's hard to see how the rising prevalence of lower value items helps with monetizing value-added services and advertising revenue over the long run.\nFor now, Shopee is still reporting healthy monetization, with GAAP revenue as a percentage of total GMV rising to 8.6 percent from 6.7 percent in the third quarter of 2020. GAAP e-commerce revenue grew 134 percent from last year to reach $1.5 billion.\nTo reverse the shrinking GMV per order trend, Shopee would need to sell larger ticket items like luxury products. Shopee recognizes this and it launched Shopee Premium, a delicate section on Shopee for select brand partners in the luxury segment, a year ago.\nIt remains to be seen if Shopee can improve the user experience sufficiently to entice users to shop luxury items on its app. In its present form, based on my experience and the feedback I gathered from friends, navigation on the Shopee app can be frustrating at times and the product information page leaves much to be desired.\nNonetheless, we are flocking to Shopee for the great bargains offered on the platform. There are plenty of deeply discounted items during \"flash sales\" periods, which have become increasingly prevalent. Would users return to Shopee when it stops being aggressive on promotions and if competing platforms turn on their respective campaigns?\nUnless the luxury products are heavily discounted, I question why users would buy on Shopee otherwise, at least based on the current interface. Then again, luxury brands wouldn't want to sully their image with steep offers on Shopee, or Shopee Premium, for that matter.\nA lower GMV per transaction would also imply that Shopee's operating cost could be rising, considering the larger bandwidth and processing efforts required in handling the growing orders.\nLosses keep ballooning, share-based compensation keeps rising\nGAAP e-commerce revenue growth is healthy and even outpacing the GMV growth. That means Sea Limited's Shopee is increasing its monetization. However, is all well and good?\nSea Limited's total revenues have risen rapidly over the past years, but so have its losses. Just looking at the cost of revenues and total operating expenses, these have soared, growing exponentially in recent years. If we just obsess with growing sales at all costs, then we can ignore the escalating losses.\nHowever, can shareholders be comfortable with the skyrocketing losses over another few years? Sea Limited looks set to end 2021 with a larger loss than last year, which already saw a substantially higher loss than 2019. One major driver of this is the inability of the Digital Entertainment division to offset the losses from the other two core business units - E-Commerce and Digital Financial Services. This resulted in the total adjusted EBITDA sinking to a negative $165.5 million in the third quarter of 2021 compared to a $120.4 billion gain in the same period last year.\nWe often hear the bear case saying that if these pandemic beneficiaries cannot turn their economies of scale into profitability with this massive tailwind, when will they ever? Despite ever-rising revenues, Sea Ltd. has been posting a downtrend in its operating income and net income. Sea Ltd.'s net income reached a staggering $1.95 billion on a trailing twelve-month basis as of the third quarter of 2021.\nThe bull camp can defend Sea Limited saying it is still investing in user growth and new businesses. That's fair. However, are shareholders aware that Wall Street analysts have projected a significant slowdown in Sea Ltd.'s revenue growth? On a consensus basis, its Q4 2021 revenue would slow further to 93.5 percent and the subsequent quarters will continue the deceleration to post 16.1 percent year-on-year growth by the fourth quarter of 2023.\nLooking further out, Sea Limited's revenue growth on a year-on-year basis is estimated to shrink from 114.6 percent in 2021 to 50.1 percent next year and a mere 8.8 percent by the end of 2025.The bulls could argue that Sea Limited has a strong track record of surpassing the consensus revenue estimates. In the 16 quarters of posting earnings as a public company, it has only one miss (Q1 2021) and that was a very minor one. This suggests that analysts have been conservative in their forecasts on Sea Limited and there is room for upward adjustments in the coming quarters.However, if Sea Limited maintains its breakneck revenue growth while its profitability doesn't improve to a positive in the coming years, analysts and shareholders would be hard-pressed to find a convincing reason to keep their faith in the company. According to the consensus estimates, Sea Limited wouldn't see a positive profit before 2024.The projection showing an improving EPS trend is comforting. However, in contrast with its revenue beats, Sea Limited has long been challenged in meeting analysts' expectations of its earnings. Except for one lone quarter, Sea Limited has delivered negative surprises for all its reported quarterly EPS. In the last reported quarter, Sea Limited missed by a whopping 37.4 percent.\nThe largest-ever miss was in March 2020 where the reported EPS was 78.9 percent lower than the consensus. This meant that the above analyst estimates for its EPS could be optimistic and Sea Limited may not see a positive profit even in 2024 or 2025.\nHedgeye recently named Sea Limited as its best idea short. The research firm called Sea Limited's flagship game Garena Free Fire a \"one-hit wonder whose performance has peaked.\" The profit from Garena is already unable to cover the losses from the other units in the past quarters. If Garena falters, the ability to 'subsidize' the e-commerce and fintech arms would diminish further. Constraining the freewheeling 'spending' for the latter two units may result in slower growth that reverses the bull camp's thesis.\nNever mind the widening losses, shareholders can wait, the management might have reasoned. Meanwhile, Sea Limited remains generous with its share-based compensation [SBC]. The SBC is projected to rise to $133.4 million for the final quarter of 2021. This is a sharp rise from the mere $34.9 million given out in 2019 4Q.\nIt may be worthwhile to note that the outstanding shares count of Sea Limited has doubled from 2017. In September, the company made a direct public offering of 11 million American Depositary Shares and 0.25 percent convertible senior unsecured notes with an aggregate principal of US$2.5 billion.\nSea Limited said then that it planned \"to use the net proceeds from the Offerings for business expansion and other general corporate purposes, including potential strategic investments and acquisitions.\" Could its international expansion endeavors support Sea Limited in perpetuating its high-growth story? At the expense of escalating costs amid a reckoning of pandemic stocks?","news_type":1,"symbols_score_info":{"SE":0.9}},"isVote":1,"tweetType":1,"viewCount":6205,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693422744,"gmtCreate":1640066958788,"gmtModify":1640066958922,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693422744","repostId":"1180303139","repostType":4,"repost":{"id":"1180303139","kind":"news","pubTimestamp":1640064067,"share":"https://www.laohunote.com/m/news/1180303139?lang=zh_CN&edition=full","pubTime":"2021-12-21 13:21","market":"us","language":"en","title":"Nio Is Now Down 58% From Its High. Is It a Buy?<blockquote>蔚来现在比高点下跌了58%。值得购买吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180303139","media":"Motley Fool","summary":"For Nio, 2022 should be very different from 2021.","content":"<p>Shares of&nbsp;<b>Nio</b>&nbsp;(NYSE:NIO)&nbsp;set their all-time high back on Jan. 11, when they traded at $66.99 at some point during the day. As I write this at 2 p.m. ET on Monday, the stock is down about 58% from that all-time high. (If you prefer to measure from closing prices, it's down just over 55% from its highest-ever close of $62.84, set on Feb. 9. Either way, not good.)</p><p><blockquote>股份<b>蔚来</b>（纽约证券交易所股票代码：NIO）在 1 月 11 日创下历史新高，当时它们的交易价格为 66.99 美元。当我在下午 2 点写这篇文章时美国东部时间周一，该股较历史高点下跌了约 58%。（如果你更喜欢从收盘价来衡量，它比 2 月 9 日创下的历史最高收盘价 62.84 美元下跌了 55% 多一点。不管怎样，都不好。）</blockquote></p><p> Clearly it has been a rough year for Nio, which has been hit by&nbsp;COVID-19 shutdowns,supply chain challenges, and a lull in its new-product cycle that allowed&nbsp;competitors to gain ground.</p><p><blockquote>显然，对于蔚来来说，这是艰难的一年，该公司受到了 COVID-19 停工、供应链挑战以及新产品周期停滞的打击，这使得竞争对手得以取得进展。</blockquote></p><p> That lull will end soon. Nio will begin shipping its long-awaited ET7 sedan in March, followed in September by the one-size-down ET5, which was&nbsp;revealed on Saturday.Meanwhile, its order books remain strong, its customer satisfaction is high, and there are signs that it&nbsp;<i>may</i>&nbsp;have put the worst of the supply chain woes in the rearview mirror.</p><p><blockquote>这种平静很快就会结束。蔚来将于 3 月份开始发货期待已久的 ET7 轿车，随后于 9 月份发货尺寸缩小一号的 ET5，并于周六发布。与此同时，其订单量仍然强劲，客户满意度很高，并且有迹象表明<i>可能</i>已经将最严重的供应链困境抛在了后视镜中。</blockquote></p><p> Is that enough to make it a buy?</p><p><blockquote>这足以让它值得购买吗？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22ea2e7aac96e7308f35e2a80403198a\" tg-width=\"2000\" tg-height=\"1205\" width=\"100%\" height=\"auto\"><span>NIO'S LONG NEW-PRODUCT LULL WILL END ON MARCH 28, WHEN DELIVERIES OF THE NEW ET7 SEDAN WILL BEGIN. IMAGE SOURCE: NIO.</span></p><p><blockquote><p class=\"t-img-caption\"><span>蔚来漫长的新产品冷静期将于 3 月 28 日结束，届时新款 ET7 轿车将开始交付。图片来源：蔚来。</span></p></blockquote></p><p> Several Wall Street analysts think so. In a new note on Monday,<b>Morgan Stanley</b>&nbsp;analyst Tim Hsiao reiterated the bank's overweight rating and $66 price target on Nio's shares. Hsiao wrote that while the stock's risk-to-reward ratio seems attractive, the market is expecting a lot from Nio in 2022 -- but it seems well positioned to deliver.</p><p><blockquote>几位华尔街分析师是这么认为的。在周一的一份新报告中，<b>摩根士丹利</b>分析师 Tim Hsiao 重申了该行对蔚来汽车股票的跑赢大盘评级和 66 美元的目标价。肖写道，虽然该股的风险回报率似乎很有吸引力，但市场对蔚来在 2022 年寄予厚望，但它似乎处于有利地位，能够实现这一目标。</blockquote></p><p> Hsiao isn't an outlier. Last month,<b>Citi</b>&nbsp;analyst Jeff Chung noted that Nio is expected to launch three new products and revise its three existing vehicles next year, putting it in position to gain back the market share it lost to newer models from rivals like&nbsp;<b>Xpeng</b>,<b>Li Auto</b>, and&nbsp;<b>Tesla</b>. He maintained his bank's buy rating and $87 price target for Nio's shares.</p><p><blockquote>萧不是个例外。上个月，<b>花旗</b>分析师 Jeff Chung 指出，蔚来预计明年将推出三款新产品并修改其三款现有车型，从而能够夺回因竞争对手的新车型而失去的市场份额，例如<b>小鹏</b>,<b>理想汽车</b>，和<b>特斯拉</b>.他维持了银行对蔚来汽车股票的买入评级和 87 美元的目标价。</blockquote></p><p> I'm inclined to agree with both. We haven't yet seen the third new model that Chung mentioned (the others are the ET5 and ET7), and my sense is that Nio is keeping some other surprises up its sleeve for now. While&nbsp;investors&nbsp;may need to be patient through the next few months, the new sedans -- and those surprises -- could be just what's needed to bump the stock price back up in 2022.</p><p><blockquote>我倾向于同意两者。我们还没有看到 Chung 提到的第三款新车型（其他车型是 ET5 和 ET7），我的感觉是蔚来目前正在准备一些其他惊喜。虽然投资者可能需要在未来几个月保持耐心，但新轿车和这些惊喜可能正是 2022 年股价回升所需要的。</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 Now Down 58% From Its High. Is It a Buy?<blockquote>蔚来现在比高点下跌了58%。值得购买吗？</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\">\nNio Is Now Down 58% From Its High. Is It a Buy?<blockquote>蔚来现在比高点下跌了58%。值得购买吗？</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\">2021-12-21 13:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Shares of&nbsp;<b>Nio</b>&nbsp;(NYSE:NIO)&nbsp;set their all-time high back on Jan. 11, when they traded at $66.99 at some point during the day. As I write this at 2 p.m. ET on Monday, the stock is down about 58% from that all-time high. (If you prefer to measure from closing prices, it's down just over 55% from its highest-ever close of $62.84, set on Feb. 9. Either way, not good.)</p><p><blockquote>股份<b>蔚来</b>（纽约证券交易所股票代码：NIO）在 1 月 11 日创下历史新高，当时它们的交易价格为 66.99 美元。当我在下午 2 点写这篇文章时美国东部时间周一，该股较历史高点下跌了约 58%。（如果你更喜欢从收盘价来衡量，它比 2 月 9 日创下的历史最高收盘价 62.84 美元下跌了 55% 多一点。不管怎样，都不好。）</blockquote></p><p> Clearly it has been a rough year for Nio, which has been hit by&nbsp;COVID-19 shutdowns,supply chain challenges, and a lull in its new-product cycle that allowed&nbsp;competitors to gain ground.</p><p><blockquote>显然，对于蔚来来说，这是艰难的一年，该公司受到了 COVID-19 停工、供应链挑战以及新产品周期停滞的打击，这使得竞争对手得以取得进展。</blockquote></p><p> That lull will end soon. Nio will begin shipping its long-awaited ET7 sedan in March, followed in September by the one-size-down ET5, which was&nbsp;revealed on Saturday.Meanwhile, its order books remain strong, its customer satisfaction is high, and there are signs that it&nbsp;<i>may</i>&nbsp;have put the worst of the supply chain woes in the rearview mirror.</p><p><blockquote>这种平静很快就会结束。蔚来将于 3 月份开始发货期待已久的 ET7 轿车，随后于 9 月份发货尺寸缩小一号的 ET5，并于周六发布。与此同时，其订单量仍然强劲，客户满意度很高，并且有迹象表明<i>可能</i>已经将最严重的供应链困境抛在了后视镜中。</blockquote></p><p> Is that enough to make it a buy?</p><p><blockquote>这足以让它值得购买吗？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22ea2e7aac96e7308f35e2a80403198a\" tg-width=\"2000\" tg-height=\"1205\" width=\"100%\" height=\"auto\"><span>NIO'S LONG NEW-PRODUCT LULL WILL END ON MARCH 28, WHEN DELIVERIES OF THE NEW ET7 SEDAN WILL BEGIN. IMAGE SOURCE: NIO.</span></p><p><blockquote><p class=\"t-img-caption\"><span>蔚来漫长的新产品冷静期将于 3 月 28 日结束，届时新款 ET7 轿车将开始交付。图片来源：蔚来。</span></p></blockquote></p><p> Several Wall Street analysts think so. In a new note on Monday,<b>Morgan Stanley</b>&nbsp;analyst Tim Hsiao reiterated the bank's overweight rating and $66 price target on Nio's shares. Hsiao wrote that while the stock's risk-to-reward ratio seems attractive, the market is expecting a lot from Nio in 2022 -- but it seems well positioned to deliver.</p><p><blockquote>几位华尔街分析师是这么认为的。在周一的一份新报告中，<b>摩根士丹利</b>分析师 Tim Hsiao 重申了该行对蔚来汽车股票的跑赢大盘评级和 66 美元的目标价。肖写道，虽然该股的风险回报率似乎很有吸引力，但市场对蔚来在 2022 年寄予厚望，但它似乎处于有利地位，能够实现这一目标。</blockquote></p><p> Hsiao isn't an outlier. Last month,<b>Citi</b>&nbsp;analyst Jeff Chung noted that Nio is expected to launch three new products and revise its three existing vehicles next year, putting it in position to gain back the market share it lost to newer models from rivals like&nbsp;<b>Xpeng</b>,<b>Li Auto</b>, and&nbsp;<b>Tesla</b>. He maintained his bank's buy rating and $87 price target for Nio's shares.</p><p><blockquote>萧不是个例外。上个月，<b>花旗</b>分析师 Jeff Chung 指出，蔚来预计明年将推出三款新产品并修改其三款现有车型，从而能够夺回因竞争对手的新车型而失去的市场份额，例如<b>小鹏</b>,<b>理想汽车</b>，和<b>特斯拉</b>.他维持了银行对蔚来汽车股票的买入评级和 87 美元的目标价。</blockquote></p><p> I'm inclined to agree with both. We haven't yet seen the third new model that Chung mentioned (the others are the ET5 and ET7), and my sense is that Nio is keeping some other surprises up its sleeve for now. While&nbsp;investors&nbsp;may need to be patient through the next few months, the new sedans -- and those surprises -- could be just what's needed to bump the stock price back up in 2022.</p><p><blockquote>我倾向于同意两者。我们还没有看到 Chung 提到的第三款新车型（其他车型是 ET5 和 ET7），我的感觉是蔚来目前正在准备一些其他惊喜。虽然投资者可能需要在未来几个月保持耐心，但新轿车和这些惊喜可能正是 2022 年股价回升所需要的。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/20/nio-is-now-down-58-from-its-high-is-it-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":{"NIO":"蔚来"},"source_url":"https://www.fool.com/investing/2021/12/20/nio-is-now-down-58-from-its-high-is-it-a-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180303139","content_text":"Shares of Nio (NYSE:NIO) set their all-time high back on Jan. 11, when they traded at $66.99 at some point during the day. As I write this at 2 p.m. ET on Monday, the stock is down about 58% from that all-time high. (If you prefer to measure from closing prices, it's down just over 55% from its highest-ever close of $62.84, set on Feb. 9. Either way, not good.)\nClearly it has been a rough year for Nio, which has been hit by COVID-19 shutdowns,supply chain challenges, and a lull in its new-product cycle that allowed competitors to gain ground.\nThat lull will end soon. Nio will begin shipping its long-awaited ET7 sedan in March, followed in September by the one-size-down ET5, which was revealed on Saturday.Meanwhile, its order books remain strong, its customer satisfaction is high, and there are signs that it may have put the worst of the supply chain woes in the rearview mirror.\nIs that enough to make it a buy?\nNIO'S LONG NEW-PRODUCT LULL WILL END ON MARCH 28, WHEN DELIVERIES OF THE NEW ET7 SEDAN WILL BEGIN. IMAGE SOURCE: NIO.\nSeveral Wall Street analysts think so. In a new note on Monday,Morgan Stanley analyst Tim Hsiao reiterated the bank's overweight rating and $66 price target on Nio's shares. Hsiao wrote that while the stock's risk-to-reward ratio seems attractive, the market is expecting a lot from Nio in 2022 -- but it seems well positioned to deliver.\nHsiao isn't an outlier. Last month,Citi analyst Jeff Chung noted that Nio is expected to launch three new products and revise its three existing vehicles next year, putting it in position to gain back the market share it lost to newer models from rivals like Xpeng,Li Auto, and Tesla. He maintained his bank's buy rating and $87 price target for Nio's shares.\nI'm inclined to agree with both. We haven't yet seen the third new model that Chung mentioned (the others are the ET5 and ET7), and my sense is that Nio is keeping some other surprises up its sleeve for now. While investors may need to be patient through the next few months, the new sedans -- and those surprises -- could be just what's needed to bump the stock price back up in 2022.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":4620,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693172032,"gmtCreate":1639993096668,"gmtModify":1639993137948,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693172032","repostId":"1113383622","repostType":2,"repost":{"id":"1113383622","kind":"news","pubTimestamp":1639976832,"share":"https://www.laohunote.com/m/news/1113383622?lang=zh_CN&edition=full","pubTime":"2021-12-20 13:07","market":"us","language":"en","title":"Warren Buffett scored 3,000% gains in electric car stock without Rivian or Tesla<blockquote>沃伦·巴菲特在没有Rivian或特斯拉的情况下，电动汽车股票上涨了 3,000%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1113383622","media":"MoneyWise","summary":"Buffett turned millions into billions without relying on Tesla or Rivian. Here's how.\nProxibid / You","content":"<p>Buffett turned millions into billions without relying on Tesla or Rivian. Here's how.</p><p><blockquote>巴菲特在不依赖特斯拉或Rivian的情况下，将数百万变成了数十亿美元。方法如下。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad3307d70c05b107f55743e899860400\" tg-width=\"1512\" tg-height=\"672\" width=\"100%\" height=\"auto\"><span>Proxibid / YouTube</span></p><p><blockquote><p class=\"t-img-caption\"><span>代理出价 / YouTube</span></p></blockquote></p><p> After a white-hot early November, electric vehicle stocks have declined sharply over the past month or so. But for investors who got in early enough and stuck around, the returns are still solid.</p><p><blockquote>在经历了11月初的白热化之后，电动汽车股在过去一个多月里大幅下跌。但对于那些足够早进入并坚持下去的投资者来说，回报仍然是稳定的。</blockquote></p><p> Rivian Automotive, which debuted on Nasdaq last month at $78 per share, continues to trade near $100. And Lucid Group, which went public through a SPAC deal this summer, remains up 55% over the past two months.</p><p><blockquote>Rivian汽车公司上个月在纳斯达克上市，股价为每股 78 美元，目前股价仍接近 100 美元。今年夏天通过 SPAC 交易上市的 Lucid Group 在过去两个月中仍上涨了 55%。</blockquote></p><p> Then there’s Tesla, which despite its recent pullback, is up a whopping 2,210% over the last five years.</p><p><blockquote>还有特斯拉，尽管最近有所回落，但在过去五年中却上涨了 2210%。</blockquote></p><p> Warren Buffett isn’t known for chasing hype, but that doesn’t mean he’s missing out on the EV boom.</p><p><blockquote>沃伦-巴菲特并不以追逐炒作而闻名，但这并不意味着他错过了电动汽车的热潮。</blockquote></p><p> In fact, Buffett bought into the industry more than a decade ago. He poured hundreds of millions into Chinese electric-vehicle maker BYD, and that bet continues to pay off handsomely.</p><p><blockquote>事实上，巴菲特十多年前就买入了这个行业。他向中国电动汽车制造商比亚迪投入了数亿美元，这一赌注继续获得丰厚的回报。</blockquote></p><p> Here’s a look at the legendary investor’s favorite EV stock — along with two other Chinese manufacturers.</p><p><blockquote>以下是这位传奇投资者最喜欢的电动汽车股票--以及另外两家中国制造商。</blockquote></p><p> <b>BYD (BYDDY)</b></p><p><blockquote><b>比亚迪（BYDDY）</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c7f83a2c9ca39bfb056f6d2bbadb1b22\" tg-width=\"1200\" tg-height=\"500\" width=\"100%\" height=\"auto\"><span>Jengtingchen / Wikimedia Commons</span></p><p><blockquote><p class=\"t-img-caption\"><span>Jengtingchen / 维基共享资源</span></p></blockquote></p><p> In 2008, Buffett’s company Berkshire Hathaway bought 225 million shares of BYD for $232 million.</p><p><blockquote>2008 年，巴菲特的公司伯克希尔-哈撒韦公司以 2.32 亿美元收购了 2.25 亿股比亚迪股票。</blockquote></p><p> Berkshire’s latest shareholder letter shows it still held those shares as of Dec. 31, 2020 — except their market value had surged to roughly $5.9 billion.</p><p><blockquote>伯克希尔最新的股东信显示，截至 2020 年 12 月 31 日，伯克希尔仍持有这些股票--只是这些股票的市值已飙升至约 59 亿美元。</blockquote></p><p> Considering that BYD has gone up another 25% this year, Buffett’s company would have racked up another $1.48 billion gain on that position, assuming he hasn’t sold any shares.</p><p><blockquote>考虑到比亚迪今年又上涨了 25%，假设巴菲特没有出售任何股票，他的公司在这一头寸上还将获得 14.8 亿美元的收益。</blockquote></p><p> And there’s more to the company than just hype. In Q3, BYD sold 183,000 new electric vehicles (including hybrids), up 294% year over year. And when it comes to pure EVs, the company sold 91,616, representing a 186% increase.</p><p><blockquote>这家公司不仅仅是炒作。第三季度，比亚迪售出18.3万辆新电动汽车（含混合动力），同比增长294%。纯电动汽车方面，该公司售出 91,616 辆，增长 186%。</blockquote></p><p> But despite its entrenched position, BYD shares are not listed in America. They only trade over the counter here, so you would need to use a specialized broker. Thankfully, other fast-growing Chinese EV makers have made it to U.S. stock exchanges.</p><p><blockquote>尽管比亚迪的地位根深蒂固，但其股票并未在美国上市。他们在这里只在柜台交易，所以你需要使用专业的经纪人。值得庆幸的是，其他快速增长的中国电动汽车制造商已经在美国证券交易所上市。</blockquote></p><p> <b>NIO (NIO)</b></p><p><blockquote><b>蔚来（蔚来）</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fe8d7b25f07ea2e14694a7f543120d6e\" tg-width=\"1200\" tg-height=\"500\" width=\"100%\" height=\"auto\"><span>Jengtingchen / Wikimedia Commons</span></p><p><blockquote><p class=\"t-img-caption\"><span>Jengtingchen / 维基共享资源</span></p></blockquote></p><p> NIO is one of them.</p><p><blockquote>蔚来就是其中之一。</blockquote></p><p> The company entered the market in December 2017 with a seven-seat premium electric SUV called the ES8. One year later, it debuted the ES6, and in late 2019, NIO added a five-seat “crossover coupe” SUV called the EC6 to its lineup.</p><p><blockquote>该公司于 2017 年 12 月携一款名为 ES8 的七座高端电动 SUV 进入市场。一年后，该公司推出了 ES6，2019 年底，蔚来又在其产品线中增加了一款名为 EC6 的五座 “跨界轿跑车 ”SUV。</blockquote></p><p> The company delivered 24,439 EVs in the third quarter of this year, doubling the number of EVs delivered during the same period last year. As of Nov. 30, cumulative deliveries of NIO’s three models have surpassed 156,000 vehicles.</p><p><blockquote>该公司今年第三季度交付了24,439辆电动汽车，是去年同期电动汽车交付数量的两倍。截至 11 月 30 日，蔚来三款车型的累计交付量已超过 15.6 万辆。</blockquote></p><p> NIO shares have been on a roller coaster ride. Last summer, the stock was trading at less than $10. It skyrocketed to over $60 during the meme stock frenzy earlier this year, before losing a good chunk of the gains. Today, shares are trading at around $30 apiece.</p><p><blockquote>蔚来股价经历了过山车般的波动。去年夏天，该股的交易价格不到 10 美元。在今年早些时候的模因股票狂热期间，它飙升至 60 多美元，然后损失了很大一部分涨幅。如今，股票的交易价格约为每股 30 美元。</blockquote></p><p> <b>XPeng (XPEV)</b></p><p><blockquote><b>小鹏汽车（XPEV）</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4fdd4c473208cc099fb3fa3f8b2e502e\" tg-width=\"1200\" tg-height=\"500\" width=\"100%\" height=\"auto\"><span>Yirangong / Wikimedia Commons</span></p><p><blockquote><p class=\"t-img-caption\"><span>依然宫 / 维基共享资源</span></p></blockquote></p><p> XPeng is another Chinese EV company trading in the U.S. stock market.</p><p><blockquote>小鹏汽车是另一家在美国股市上市的中国电动汽车公司。</blockquote></p><p> It went public in August 2020 with an IPO price of $15. Thanks to the market’s huge appetite for EV stocks over the past year, XPeng shares have climbed to over $40 apiece.</p><p><blockquote>它于2020年8月上市，IPO价格为15美元。由于市场在过去一年中对电动汽车股票的巨大胃口，小鹏汽车的股价已攀升至每股 40 美元以上。</blockquote></p><p> Again, it’s not just hype — business is booming. The automaker is rapidly ramping up production.</p><p><blockquote>同样，这不仅仅是炒作--生意正在蓬勃发展。该汽车制造商正在迅速提高产量。</blockquote></p><p> In Q3, XPeng delivered 25,666 EVs, representing a 199.2% increase year over year and marking a new quarterly record.</p><p><blockquote>第三季度，小鹏汽车交付电动汽车25,666辆，同比增长199.2%，创下新的季度纪录。</blockquote></p><p> Meanwhile, total revenue jumped 187.4% year over year to $887.7 million for the quarter.</p><p><blockquote>与此同时，本季度总收入同比增长 187.4%，达到 8.877 亿美元。</blockquote></p><p></p>","source":"lsy1621813427262","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>Warren Buffett scored 3,000% gains in electric car stock without Rivian or Tesla<blockquote>沃伦·巴菲特在没有Rivian或特斯拉的情况下，电动汽车股票上涨了 3,000%</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\">\nWarren Buffett scored 3,000% gains in electric car stock without Rivian or Tesla<blockquote>沃伦·巴菲特在没有Rivian或特斯拉的情况下，电动汽车股票上涨了 3,000%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MoneyWise</strong><span class=\"h-time small\">2021-12-20 13:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Buffett turned millions into billions without relying on Tesla or Rivian. Here's how.</p><p><blockquote>巴菲特在不依赖特斯拉或Rivian的情况下，将数百万变成了数十亿美元。方法如下。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad3307d70c05b107f55743e899860400\" tg-width=\"1512\" tg-height=\"672\" width=\"100%\" height=\"auto\"><span>Proxibid / YouTube</span></p><p><blockquote><p class=\"t-img-caption\"><span>代理出价 / YouTube</span></p></blockquote></p><p> After a white-hot early November, electric vehicle stocks have declined sharply over the past month or so. But for investors who got in early enough and stuck around, the returns are still solid.</p><p><blockquote>在经历了11月初的白热化之后，电动汽车股在过去一个多月里大幅下跌。但对于那些足够早进入并坚持下去的投资者来说，回报仍然是稳定的。</blockquote></p><p> Rivian Automotive, which debuted on Nasdaq last month at $78 per share, continues to trade near $100. And Lucid Group, which went public through a SPAC deal this summer, remains up 55% over the past two months.</p><p><blockquote>Rivian汽车公司上个月在纳斯达克上市，股价为每股 78 美元，目前股价仍接近 100 美元。今年夏天通过 SPAC 交易上市的 Lucid Group 在过去两个月中仍上涨了 55%。</blockquote></p><p> Then there’s Tesla, which despite its recent pullback, is up a whopping 2,210% over the last five years.</p><p><blockquote>还有特斯拉，尽管最近有所回落，但在过去五年中却上涨了 2210%。</blockquote></p><p> Warren Buffett isn’t known for chasing hype, but that doesn’t mean he’s missing out on the EV boom.</p><p><blockquote>沃伦-巴菲特并不以追逐炒作而闻名，但这并不意味着他错过了电动汽车的热潮。</blockquote></p><p> In fact, Buffett bought into the industry more than a decade ago. He poured hundreds of millions into Chinese electric-vehicle maker BYD, and that bet continues to pay off handsomely.</p><p><blockquote>事实上，巴菲特十多年前就买入了这个行业。他向中国电动汽车制造商比亚迪投入了数亿美元，这一赌注继续获得丰厚的回报。</blockquote></p><p> Here’s a look at the legendary investor’s favorite EV stock — along with two other Chinese manufacturers.</p><p><blockquote>以下是这位传奇投资者最喜欢的电动汽车股票--以及另外两家中国制造商。</blockquote></p><p> <b>BYD (BYDDY)</b></p><p><blockquote><b>比亚迪（BYDDY）</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c7f83a2c9ca39bfb056f6d2bbadb1b22\" tg-width=\"1200\" tg-height=\"500\" width=\"100%\" height=\"auto\"><span>Jengtingchen / Wikimedia Commons</span></p><p><blockquote><p class=\"t-img-caption\"><span>Jengtingchen / 维基共享资源</span></p></blockquote></p><p> In 2008, Buffett’s company Berkshire Hathaway bought 225 million shares of BYD for $232 million.</p><p><blockquote>2008 年，巴菲特的公司伯克希尔-哈撒韦公司以 2.32 亿美元收购了 2.25 亿股比亚迪股票。</blockquote></p><p> Berkshire’s latest shareholder letter shows it still held those shares as of Dec. 31, 2020 — except their market value had surged to roughly $5.9 billion.</p><p><blockquote>伯克希尔最新的股东信显示，截至 2020 年 12 月 31 日，伯克希尔仍持有这些股票--只是这些股票的市值已飙升至约 59 亿美元。</blockquote></p><p> Considering that BYD has gone up another 25% this year, Buffett’s company would have racked up another $1.48 billion gain on that position, assuming he hasn’t sold any shares.</p><p><blockquote>考虑到比亚迪今年又上涨了 25%，假设巴菲特没有出售任何股票，他的公司在这一头寸上还将获得 14.8 亿美元的收益。</blockquote></p><p> And there’s more to the company than just hype. In Q3, BYD sold 183,000 new electric vehicles (including hybrids), up 294% year over year. And when it comes to pure EVs, the company sold 91,616, representing a 186% increase.</p><p><blockquote>这家公司不仅仅是炒作。第三季度，比亚迪售出18.3万辆新电动汽车（含混合动力），同比增长294%。纯电动汽车方面，该公司售出 91,616 辆，增长 186%。</blockquote></p><p> But despite its entrenched position, BYD shares are not listed in America. They only trade over the counter here, so you would need to use a specialized broker. Thankfully, other fast-growing Chinese EV makers have made it to U.S. stock exchanges.</p><p><blockquote>尽管比亚迪的地位根深蒂固，但其股票并未在美国上市。他们在这里只在柜台交易，所以你需要使用专业的经纪人。值得庆幸的是，其他快速增长的中国电动汽车制造商已经在美国证券交易所上市。</blockquote></p><p> <b>NIO (NIO)</b></p><p><blockquote><b>蔚来（蔚来）</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fe8d7b25f07ea2e14694a7f543120d6e\" tg-width=\"1200\" tg-height=\"500\" width=\"100%\" height=\"auto\"><span>Jengtingchen / Wikimedia Commons</span></p><p><blockquote><p class=\"t-img-caption\"><span>Jengtingchen / 维基共享资源</span></p></blockquote></p><p> NIO is one of them.</p><p><blockquote>蔚来就是其中之一。</blockquote></p><p> The company entered the market in December 2017 with a seven-seat premium electric SUV called the ES8. One year later, it debuted the ES6, and in late 2019, NIO added a five-seat “crossover coupe” SUV called the EC6 to its lineup.</p><p><blockquote>该公司于 2017 年 12 月携一款名为 ES8 的七座高端电动 SUV 进入市场。一年后，该公司推出了 ES6，2019 年底，蔚来又在其产品线中增加了一款名为 EC6 的五座 “跨界轿跑车 ”SUV。</blockquote></p><p> The company delivered 24,439 EVs in the third quarter of this year, doubling the number of EVs delivered during the same period last year. As of Nov. 30, cumulative deliveries of NIO’s three models have surpassed 156,000 vehicles.</p><p><blockquote>该公司今年第三季度交付了24,439辆电动汽车，是去年同期电动汽车交付数量的两倍。截至 11 月 30 日，蔚来三款车型的累计交付量已超过 15.6 万辆。</blockquote></p><p> NIO shares have been on a roller coaster ride. Last summer, the stock was trading at less than $10. It skyrocketed to over $60 during the meme stock frenzy earlier this year, before losing a good chunk of the gains. Today, shares are trading at around $30 apiece.</p><p><blockquote>蔚来股价经历了过山车般的波动。去年夏天，该股的交易价格不到 10 美元。在今年早些时候的模因股票狂热期间，它飙升至 60 多美元，然后损失了很大一部分涨幅。如今，股票的交易价格约为每股 30 美元。</blockquote></p><p> <b>XPeng (XPEV)</b></p><p><blockquote><b>小鹏汽车（XPEV）</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4fdd4c473208cc099fb3fa3f8b2e502e\" tg-width=\"1200\" tg-height=\"500\" width=\"100%\" height=\"auto\"><span>Yirangong / Wikimedia Commons</span></p><p><blockquote><p class=\"t-img-caption\"><span>依然宫 / 维基共享资源</span></p></blockquote></p><p> XPeng is another Chinese EV company trading in the U.S. stock market.</p><p><blockquote>小鹏汽车是另一家在美国股市上市的中国电动汽车公司。</blockquote></p><p> It went public in August 2020 with an IPO price of $15. Thanks to the market’s huge appetite for EV stocks over the past year, XPeng shares have climbed to over $40 apiece.</p><p><blockquote>它于2020年8月上市，IPO价格为15美元。由于市场在过去一年中对电动汽车股票的巨大胃口，小鹏汽车的股价已攀升至每股 40 美元以上。</blockquote></p><p> Again, it’s not just hype — business is booming. The automaker is rapidly ramping up production.</p><p><blockquote>同样，这不仅仅是炒作--生意正在蓬勃发展。该汽车制造商正在迅速提高产量。</blockquote></p><p> In Q3, XPeng delivered 25,666 EVs, representing a 199.2% increase year over year and marking a new quarterly record.</p><p><blockquote>第三季度，小鹏汽车交付电动汽车25,666辆，同比增长199.2%，创下新的季度纪录。</blockquote></p><p> Meanwhile, total revenue jumped 187.4% year over year to $887.7 million for the quarter.</p><p><blockquote>与此同时，本季度总收入同比增长 187.4%，达到 8.877 亿美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://moneywise.com/investing/stocks/buffett-BYD-december\">MoneyWise</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":{"BRK.B":"伯克希尔B","01211":"比亚迪股份","NIO":"蔚来","BRK.A":"伯克希尔","XPEV":"小鹏集团","BYDDY":"比亚迪ADR"},"source_url":"https://moneywise.com/investing/stocks/buffett-BYD-december","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113383622","content_text":"Buffett turned millions into billions without relying on Tesla or Rivian. Here's how.\nProxibid / YouTube\nAfter a white-hot early November, electric vehicle stocks have declined sharply over the past month or so. But for investors who got in early enough and stuck around, the returns are still solid.\nRivian Automotive, which debuted on Nasdaq last month at $78 per share, continues to trade near $100. And Lucid Group, which went public through a SPAC deal this summer, remains up 55% over the past two months.\nThen there’s Tesla, which despite its recent pullback, is up a whopping 2,210% over the last five years.\nWarren Buffett isn’t known for chasing hype, but that doesn’t mean he’s missing out on the EV boom.\nIn fact, Buffett bought into the industry more than a decade ago. He poured hundreds of millions into Chinese electric-vehicle maker BYD, and that bet continues to pay off handsomely.\nHere’s a look at the legendary investor’s favorite EV stock — along with two other Chinese manufacturers.\nBYD (BYDDY)\nJengtingchen / Wikimedia Commons\nIn 2008, Buffett’s company Berkshire Hathaway bought 225 million shares of BYD for $232 million.\nBerkshire’s latest shareholder letter shows it still held those shares as of Dec. 31, 2020 — except their market value had surged to roughly $5.9 billion.\nConsidering that BYD has gone up another 25% this year, Buffett’s company would have racked up another $1.48 billion gain on that position, assuming he hasn’t sold any shares.\nAnd there’s more to the company than just hype. In Q3, BYD sold 183,000 new electric vehicles (including hybrids), up 294% year over year. And when it comes to pure EVs, the company sold 91,616, representing a 186% increase.\nBut despite its entrenched position, BYD shares are not listed in America. They only trade over the counter here, so you would need to use a specialized broker. Thankfully, other fast-growing Chinese EV makers have made it to U.S. stock exchanges.\nNIO (NIO)\nJengtingchen / Wikimedia Commons\nNIO is one of them.\nThe company entered the market in December 2017 with a seven-seat premium electric SUV called the ES8. One year later, it debuted the ES6, and in late 2019, NIO added a five-seat “crossover coupe” SUV called the EC6 to its lineup.\nThe company delivered 24,439 EVs in the third quarter of this year, doubling the number of EVs delivered during the same period last year. As of Nov. 30, cumulative deliveries of NIO’s three models have surpassed 156,000 vehicles.\nNIO shares have been on a roller coaster ride. Last summer, the stock was trading at less than $10. It skyrocketed to over $60 during the meme stock frenzy earlier this year, before losing a good chunk of the gains. Today, shares are trading at around $30 apiece.\nXPeng (XPEV)\nYirangong / Wikimedia Commons\nXPeng is another Chinese EV company trading in the U.S. stock market.\nIt went public in August 2020 with an IPO price of $15. Thanks to the market’s huge appetite for EV stocks over the past year, XPeng shares have climbed to over $40 apiece.\nAgain, it’s not just hype — business is booming. The automaker is rapidly ramping up production.\nIn Q3, XPeng delivered 25,666 EVs, representing a 199.2% increase year over year and marking a new quarterly record.\nMeanwhile, total revenue jumped 187.4% year over year to $887.7 million for the quarter.","news_type":1,"symbols_score_info":{"BRK.B":0.9,"XPEV":0.9,"BRK.A":0.9,"01211":0.9,"BYDDY":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":3703,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693145741,"gmtCreate":1639992193085,"gmtModify":1639992193255,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"What happen","listText":"What happen","text":"What happen","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/693145741","repostId":"1152008216","repostType":4,"repost":{"id":"1152008216","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639991203,"share":"https://www.laohunote.com/m/news/1152008216?lang=zh_CN&edition=full","pubTime":"2021-12-20 17:06","market":"us","language":"en","title":"EV stocks fell in premarket trading, with Tesla falling more than 2%.<blockquote>电动汽车股在盘前交易中下跌，特斯拉跌幅超过2%。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1152008216","media":"Tiger Newspress","summary":"EV stocks fell in premarket trading, with Tesla falling more than 2%.\nLucid, Nio, Li Auto and XPeng ","content":"<p>EV stocks fell in premarket trading,&nbsp;with&nbsp;Tesla&nbsp;falling&nbsp;more&nbsp;than&nbsp;2%.</p><p><blockquote>电动汽车股在盘前交易中下跌，特斯拉跌幅超过2%。</blockquote></p><p> Lucid,&nbsp;Nio,&nbsp;Li Auto and XPeng slid between 3% and 6%.<img src=\"https://static.tigerbbs.com/3570f7360ccafe4ece6a06cb3611efdf\" tg-width=\"709\" tg-height=\"587\" referrerpolicy=\"no-referrer\"></p><p><blockquote>Lucid、蔚来、理想汽车和小鹏汽车的跌幅在 3% 至 6% 之间。</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>EV stocks fell in premarket trading, with Tesla falling more than 2%.<blockquote>电动汽车股在盘前交易中下跌，特斯拉跌幅超过2%。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV stocks fell in premarket trading, with Tesla falling more than 2%.<blockquote>电动汽车股在盘前交易中下跌，特斯拉跌幅超过2%。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-20 17:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>EV stocks fell in premarket trading,&nbsp;with&nbsp;Tesla&nbsp;falling&nbsp;more&nbsp;than&nbsp;2%.</p><p><blockquote>电动汽车股在盘前交易中下跌，特斯拉跌幅超过2%。</blockquote></p><p> Lucid,&nbsp;Nio,&nbsp;Li Auto and XPeng slid between 3% and 6%.<img src=\"https://static.tigerbbs.com/3570f7360ccafe4ece6a06cb3611efdf\" tg-width=\"709\" tg-height=\"587\" referrerpolicy=\"no-referrer\"></p><p><blockquote>Lucid、蔚来、理想汽车和小鹏汽车的跌幅在 3% 至 6% 之间。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","NIO":"蔚来","XPEV":"小鹏集团","LCID":"Lucid Group Inc","LI":"理想汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152008216","content_text":"EV stocks fell in premarket trading, with Tesla falling more than 2%.\nLucid, Nio, Li Auto and XPeng slid between 3% and 6%.","news_type":1,"symbols_score_info":{"XPEV":0.9,"TSLA":0.9,"LI":0.9,"LCID":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":3716,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693354016,"gmtCreate":1639975831639,"gmtModify":1639975833734,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"Let’s go!!!","listText":"Let’s go!!!","text":"Let’s go!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/693354016","repostId":"1170599515","repostType":2,"repost":{"id":"1170599515","kind":"news","pubTimestamp":1639872378,"share":"https://www.laohunote.com/m/news/1170599515?lang=zh_CN&edition=full","pubTime":"2021-12-19 08:06","market":"us","language":"en","title":"Nio unveils new model and talks power at Nio Day event<blockquote>蔚来在蔚来日活动上推出新车型并谈论动力</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1170599515","media":"Seeking Alpha","summary":"$Nio $ unveiled its the ET5 mid-size smart electric sedan at Nio Day 2021 today. The vehicle is the fifth mass-produced model from the Chinese electric vehicle maker.The automaker says the ET5 draws on the fluid silhouette of ET7 and \"seamlessly integrates high-performance autonomous driving sensors into its pure yet progressive body lines.\". The ET5 features the latest NIO Autonomous Driving and is said to be set to gradually achieve a safe and reassuring autonomous driving experience in scenar","content":"<p><a href=\"https://laohu8.com/S/NIO\">Nio </a> unveiled its the ET5 mid-size smart electric sedan at Nio Day 2021 today. The vehicle is the fifth mass-produced model from the Chinese electric vehicle maker.</p><p><blockquote><a href=\"https://laohu8.com/S/NIO\">蔚来</a>今天在 2021 年蔚来日上推出了 ET5 中型智能电动轿车。该车是这家中国电动汽车制造商的第五款量产车型。</blockquote></p><p> The automaker says the ET5 draws on the fluid silhouette of ET7 and \"seamlessly integrates high-performance autonomous driving sensors into its pure yet progressive body lines.\"</p><p><blockquote>该汽车制造商表示，ET5 借鉴了 ET7 的流体轮廓，并“将高性能自动驾驶传感器无缝集成到其纯粹而先进的车身线条中”。</blockquote></p><p> Customers can buy the ET5 with battery pack for 328,000 yuan ($51,450) for the version with 75kWh battery pack and 386,000 yuan ($60,550) for the 100kWh version. Those prices are before subsidies.</p><p><blockquote>客户可以以328,000元（51,450美元）的价格购买75kWh电池组版本的ET5，以386,000元（60,550美元）的价格购买100kWh版本的ET5。这些价格是补贴前的价格。</blockquote></p><p> The ET5 features the latest NIO Autonomous Driving and is said to be set to gradually achieve a safe and reassuring autonomous driving experience in scenarios such as highways, urban areas, parking and battery swapping.</p><p><blockquote>ET5采用了最新的蔚来自动驾驶，据说将在高速公路、城市地区、停车和电池更换等场景中逐步实现安全可靠的自动驾驶体验。</blockquote></p><p> Other highlights from Nio's (NIO) event included updates on the ET7. The company also talked up its power and battery charging initiatives. Nio (NIO) said it has now deployed 3,348 destination chargers and 3,136 super chargers across China. Home chargers have been installed for 94K users.</p><p><blockquote>蔚来（蔚来）活动的其他亮点包括 ET7 的更新。该公司还谈到了其电力和电池充电计划。蔚来（蔚来）表示，目前已在全国部署3348个目的地充电器和3136个超级充电器。已经为9.4万用户安装了家用充电器。</blockquote></p><p> Watch Nio (NIO) for a bounce on Monday if the event creates buzz. Nio is already one of the most discussed stocks on StockTwits and Reddit's WallStreetBets. See all the stocks on watch next week for some share price volatility.</p><p><blockquote>如果赛事引起轰动，请关注周一蔚来（蔚来）的反弹。蔚来已经是 StockTwits 和 Reddit 的 WallStreetBets 上讨论最多的股票之一。查看下周所有关注的股票，了解一些股价波动。</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 unveils new model and talks power at Nio Day event<blockquote>蔚来在蔚来日活动上推出新车型并谈论动力</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 unveils new model and talks power at Nio Day event<blockquote>蔚来在蔚来日活动上推出新车型并谈论动力</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-12-19 08:06</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/NIO\">Nio </a> unveiled its the ET5 mid-size smart electric sedan at Nio Day 2021 today. The vehicle is the fifth mass-produced model from the Chinese electric vehicle maker.</p><p><blockquote><a href=\"https://laohu8.com/S/NIO\">蔚来</a>今天在 2021 年蔚来日上推出了 ET5 中型智能电动轿车。该车是这家中国电动汽车制造商的第五款量产车型。</blockquote></p><p> The automaker says the ET5 draws on the fluid silhouette of ET7 and \"seamlessly integrates high-performance autonomous driving sensors into its pure yet progressive body lines.\"</p><p><blockquote>该汽车制造商表示，ET5 借鉴了 ET7 的流体轮廓，并“将高性能自动驾驶传感器无缝集成到其纯粹而先进的车身线条中”。</blockquote></p><p> Customers can buy the ET5 with battery pack for 328,000 yuan ($51,450) for the version with 75kWh battery pack and 386,000 yuan ($60,550) for the 100kWh version. Those prices are before subsidies.</p><p><blockquote>客户可以以328,000元（51,450美元）的价格购买75kWh电池组版本的ET5，以386,000元（60,550美元）的价格购买100kWh版本的ET5。这些价格是补贴前的价格。</blockquote></p><p> The ET5 features the latest NIO Autonomous Driving and is said to be set to gradually achieve a safe and reassuring autonomous driving experience in scenarios such as highways, urban areas, parking and battery swapping.</p><p><blockquote>ET5采用了最新的蔚来自动驾驶，据说将在高速公路、城市地区、停车和电池更换等场景中逐步实现安全可靠的自动驾驶体验。</blockquote></p><p> Other highlights from Nio's (NIO) event included updates on the ET7. The company also talked up its power and battery charging initiatives. Nio (NIO) said it has now deployed 3,348 destination chargers and 3,136 super chargers across China. Home chargers have been installed for 94K users.</p><p><blockquote>蔚来（蔚来）活动的其他亮点包括 ET7 的更新。该公司还谈到了其电力和电池充电计划。蔚来（蔚来）表示，目前已在全国部署3348个目的地充电器和3136个超级充电器。已经为9.4万用户安装了家用充电器。</blockquote></p><p> Watch Nio (NIO) for a bounce on Monday if the event creates buzz. Nio is already one of the most discussed stocks on StockTwits and Reddit's WallStreetBets. See all the stocks on watch next week for some share price volatility.</p><p><blockquote>如果赛事引起轰动，请关注周一蔚来（蔚来）的反弹。蔚来已经是 StockTwits 和 Reddit 的 WallStreetBets 上讨论最多的股票之一。查看下周所有关注的股票，了解一些股价波动。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3781485-nio-unveils-new-model-and-talks-power-at-nio-day-event\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://seekingalpha.com/news/3781485-nio-unveils-new-model-and-talks-power-at-nio-day-event","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170599515","content_text":"Nio  unveiled its the ET5 mid-size smart electric sedan at Nio Day 2021 today. The vehicle is the fifth mass-produced model from the Chinese electric vehicle maker.\nThe automaker says the ET5 draws on the fluid silhouette of ET7 and \"seamlessly integrates high-performance autonomous driving sensors into its pure yet progressive body lines.\"\nCustomers can buy the ET5 with battery pack for 328,000 yuan ($51,450) for the version with 75kWh battery pack and 386,000 yuan ($60,550) for the 100kWh version. Those prices are before subsidies.\nThe ET5 features the latest NIO Autonomous Driving and is said to be set to gradually achieve a safe and reassuring autonomous driving experience in scenarios such as highways, urban areas, parking and battery swapping.\nOther highlights from Nio's (NIO) event included updates on the ET7. The company also talked up its power and battery charging initiatives. Nio (NIO) said it has now deployed 3,348 destination chargers and 3,136 super chargers across China. Home chargers have been installed for 94K users.\nWatch Nio (NIO) for a bounce on Monday if the event creates buzz. Nio is already one of the most discussed stocks on StockTwits and Reddit's WallStreetBets. See all the stocks on watch next week for some share price volatility.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2948,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604889664,"gmtCreate":1639369692201,"gmtModify":1639369692331,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604889664","repostId":"1171394291","repostType":4,"repost":{"id":"1171394291","kind":"news","pubTimestamp":1639366890,"share":"https://www.laohunote.com/m/news/1171394291?lang=zh_CN&edition=full","pubTime":"2021-12-13 11:41","market":"us","language":"en","title":"Apple's $3 trillion market cap to be a 'watershed moment' for company<blockquote>苹果 3 万亿美元的市值将成为公司的“分水岭时刻”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1171394291","media":"Seeking Alpha","summary":"As many companies begin to gear down for the Christmas and New Year holidays, there remains one tech","content":"<p>As many companies begin to gear down for the Christmas and New Year holidays, there remains one tech stalwart that is on the brink of a milestone that no other company in history has achieved: Apple.</p><p><blockquote>当许多公司开始为圣诞节和新年假期做准备时，仍有一家科技巨头正处于历史上没有其他公司达到的里程碑的边缘：苹果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8c6ec3289e9b74b1c20fa47308bcbb20\" tg-width=\"1536\" tg-height=\"1063\" width=\"100%\" height=\"auto\"><span>Justin Sullivan/Getty Images News</span></p><p><blockquote><p class=\"t-img-caption\"><span>贾斯汀·沙利文/盖蒂图片社新闻</span></p></blockquote></p><p> The most-iconic of all tech companies stands a good chance of reaching $3 trillion in market capitalization this week. Apple(NASDAQ:AAPL)finished Friday with a valuation of $2.944 trillion, so all Wall Street needs to do now is add $56 billion to the iPhone maker's stock value and Apple (AAPL) will stand alone in the $3 trillion club.</p><p><blockquote>所有科技公司中最具标志性的公司本周市值很有可能达到 3 万亿美元。苹果（纳斯达克股票代码：AAPL）周五收盘估值为 2.944 万亿美元，因此华尔街现在需要做的就是为这家 iPhone 制造商的股票价值增加 560 亿美元，苹果 (AAPL) 将在 3 万亿美元俱乐部中独树一帜。</blockquote></p><p> To put that amount in some perspective, Apple (AAPL) became the first company to hit $1 trillion in market cap in 2018--or, 42 years after Steve Jobs and Steve Wozniak founded Apple (AAPL) in a garage in Cupertino, Calif. It then took Apple just until 2020 to reach $2 trillion in market cap. Right now, the only other company worth more than $2 trillion is Microsoft(NASDAQ:MSFT), which ended last week with a market cap of $2.57 trillion.</p><p><blockquote>从某种意义上说，苹果 (AAPL) 在 2018 年成为第一家市值达到 1 万亿美元的公司，也就是史蒂夫·乔布斯 (Steve Jobs) 和史蒂夫·沃兹尼亚克 (Steve Wozniak) 在加利福尼亚州库比蒂诺的一个车库里创立了苹果 (AAPL) 42 年后。直到2020年，苹果的市值才达到2万亿美元。目前，唯一一家市值超过 2 万亿美元的公司是微软（纳斯达克股票代码：MSFT），该公司上周结束时市值为 2.57 万亿美元。</blockquote></p><p> \"The Street is starting to better appreciate the robust fundamental story into 2022 for [Apple Chief Executive] Tim Cook &amp; Co.,\" said Wedbush analyst Dan Ives, in a research note on Sunday. \"Hitting $3 trillion is another watershed moment for Apple as the company continues to prove the doubters wrong with the renaissance of growth story playing out in Cupertino.\"</p><p><blockquote>Wedbush 分析师丹·艾夫斯 (Dan Ives) 在周日的一份研究报告中表示：“华尔街开始更好地欣赏[苹果首席执行官]蒂姆·库克公司 (Tim Cook &amp; Co.) 到 2022 年强劲的基本面故事。”“达到 3 万亿美元是苹果的另一个分水岭时刻，该公司继续通过库比蒂诺上演的增长复兴故事证明怀疑者是错误的。”</blockquote></p><p> While Apple's (AAPL) iPhone sales continue to be the biggest source of the company's strength--iPhones accounted for almost $39 billion of Apple's $83.4 billion in fiscal fourth-quarter sales--Ives said the \"linchpin\" of Apple's (AAPL) growing valuation is its services business.</p><p><blockquote>虽然苹果 (AAPL) 的 iPhone 销量仍然是该公司实力的最大来源——iPhone 占苹果第四财季 834 亿美元销售额的近 390 亿美元——但艾夫斯表示，苹果 (AAPL) 不断增长的估值是其服务业务。</blockquote></p><p> Services, which include items such as sales from the App Store and subscriptions to everything from Apple TV+ to iCloud storage plans, brought in $18.3 billion in revenue in Apple's (AAPL) most-recent quarter. Ives estimates that Apple's (AAPL) services business&nbsp;\"is worth $1.5 trillion in the eyes of the Street,\" and is benefiting from being coupled with a hardware ecosystem that \"is in the midst of its strongest product cycle in over a decade, led by iPhone 13.\"</p><p><blockquote>服务包括 App Store 的销售以及从苹果 TV+ 到 iCloud 存储计划的订阅等项目，在苹果 (AAPL) 最近一个季度带来了 183 亿美元的收入。艾夫斯估计，苹果 (AAPL) 的服务业务“在华尔街眼中价值 1.5 万亿美元”，并受益于与硬件生态系统的结合，该生态系统“正处于十多年来最强劲的产品周期中，以 iPhone 13 为首。”</blockquote></p><p> Even issues related to component supplies that could impede Apple's (AAPL) path toward a market cap for $3 trillion or more are likely to be little more than minor speedbumps for the company to overcome, in Ives opinion.</p><p><blockquote>艾夫斯认为，即使是可能阻碍苹果 (AAPL) 市值达到 3 万亿美元或以上的零部件供应相关问题，也可能只是该公司需要克服的小障碍。</blockquote></p><p> \"Supply shortages of roughly 15 million iPhone units globally remain an issue that should moderate into early 2022,\" Ives said. \"Importantly, the underlying demand story is our focus into 2022 and we believe is the ultimate driver of the stock going forward.\"</p><p><blockquote>艾夫斯表示：“全球约 1500 万部 iPhone 的供应短缺仍然是一个问题，到 2022 年初应该会有所缓解。”“重要的是，潜在的需求故事是我们 2022 年的重点，我们相信这是该股未来的最终驱动力。”</blockquote></p><p> Ives estimates that Apple (AAPL) will sell more than 40 million iPhones during the end-of-the-year holiday season, and that China alone is set to see 15 million upgrades to the iPhone 13 during the quarter that concludes at the end of December.</p><p><blockquote>艾夫斯估计，苹果 (AAPL) 在年底假期期间将销售超过 4000 万部 iPhone，在截至 12 月底的季度中，仅中国大陆就将出现 1500 万部 iPhone 13 升级。</blockquote></p><p> Along with the iPhone, Ives said many signs point toward Apple (AAPL) rolling out its first augmented reality [AR] glasses by the summer of 2022, and that move could add $20 a share to the company's valuation. Morgan Stanley analyst Katy Huberty also recently said that Apple (AAPL) should see success with its AR glasses due to its long-time&nbsp;track record of entering consumer markets with successful new products.</p><p><blockquote>艾夫斯表示，除了 iPhone，许多迹象表明苹果 (AAPL) 将在 2022 年夏季推出首款增强现实 [AR] 眼镜，此举可能会使该公司每股估值增加 20 美元。摩根士丹利分析师凯蒂·休伯蒂 (Katy Huberty) 最近也表示，苹果 (AAPL) 的 AR 眼镜应该会取得成功，因为它长期以来有着以成功的新产品进入消费市场的记录。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple's $3 trillion market cap to be a 'watershed moment' for company<blockquote>苹果 3 万亿美元的市值将成为公司的“分水岭时刻”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple's $3 trillion market cap to be a 'watershed moment' for company<blockquote>苹果 3 万亿美元的市值将成为公司的“分水岭时刻”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-12-13 11:41</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As many companies begin to gear down for the Christmas and New Year holidays, there remains one tech stalwart that is on the brink of a milestone that no other company in history has achieved: Apple.</p><p><blockquote>当许多公司开始为圣诞节和新年假期做准备时，仍有一家科技巨头正处于历史上没有其他公司达到的里程碑的边缘：苹果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8c6ec3289e9b74b1c20fa47308bcbb20\" tg-width=\"1536\" tg-height=\"1063\" width=\"100%\" height=\"auto\"><span>Justin Sullivan/Getty Images News</span></p><p><blockquote><p class=\"t-img-caption\"><span>贾斯汀·沙利文/盖蒂图片社新闻</span></p></blockquote></p><p> The most-iconic of all tech companies stands a good chance of reaching $3 trillion in market capitalization this week. Apple(NASDAQ:AAPL)finished Friday with a valuation of $2.944 trillion, so all Wall Street needs to do now is add $56 billion to the iPhone maker's stock value and Apple (AAPL) will stand alone in the $3 trillion club.</p><p><blockquote>所有科技公司中最具标志性的公司本周市值很有可能达到 3 万亿美元。苹果（纳斯达克股票代码：AAPL）周五收盘估值为 2.944 万亿美元，因此华尔街现在需要做的就是为这家 iPhone 制造商的股票价值增加 560 亿美元，苹果 (AAPL) 将在 3 万亿美元俱乐部中独树一帜。</blockquote></p><p> To put that amount in some perspective, Apple (AAPL) became the first company to hit $1 trillion in market cap in 2018--or, 42 years after Steve Jobs and Steve Wozniak founded Apple (AAPL) in a garage in Cupertino, Calif. It then took Apple just until 2020 to reach $2 trillion in market cap. Right now, the only other company worth more than $2 trillion is Microsoft(NASDAQ:MSFT), which ended last week with a market cap of $2.57 trillion.</p><p><blockquote>从某种意义上说，苹果 (AAPL) 在 2018 年成为第一家市值达到 1 万亿美元的公司，也就是史蒂夫·乔布斯 (Steve Jobs) 和史蒂夫·沃兹尼亚克 (Steve Wozniak) 在加利福尼亚州库比蒂诺的一个车库里创立了苹果 (AAPL) 42 年后。直到2020年，苹果的市值才达到2万亿美元。目前，唯一一家市值超过 2 万亿美元的公司是微软（纳斯达克股票代码：MSFT），该公司上周结束时市值为 2.57 万亿美元。</blockquote></p><p> \"The Street is starting to better appreciate the robust fundamental story into 2022 for [Apple Chief Executive] Tim Cook &amp; Co.,\" said Wedbush analyst Dan Ives, in a research note on Sunday. \"Hitting $3 trillion is another watershed moment for Apple as the company continues to prove the doubters wrong with the renaissance of growth story playing out in Cupertino.\"</p><p><blockquote>Wedbush 分析师丹·艾夫斯 (Dan Ives) 在周日的一份研究报告中表示：“华尔街开始更好地欣赏[苹果首席执行官]蒂姆·库克公司 (Tim Cook &amp; Co.) 到 2022 年强劲的基本面故事。”“达到 3 万亿美元是苹果的另一个分水岭时刻，该公司继续通过库比蒂诺上演的增长复兴故事证明怀疑者是错误的。”</blockquote></p><p> While Apple's (AAPL) iPhone sales continue to be the biggest source of the company's strength--iPhones accounted for almost $39 billion of Apple's $83.4 billion in fiscal fourth-quarter sales--Ives said the \"linchpin\" of Apple's (AAPL) growing valuation is its services business.</p><p><blockquote>虽然苹果 (AAPL) 的 iPhone 销量仍然是该公司实力的最大来源——iPhone 占苹果第四财季 834 亿美元销售额的近 390 亿美元——但艾夫斯表示，苹果 (AAPL) 不断增长的估值是其服务业务。</blockquote></p><p> Services, which include items such as sales from the App Store and subscriptions to everything from Apple TV+ to iCloud storage plans, brought in $18.3 billion in revenue in Apple's (AAPL) most-recent quarter. Ives estimates that Apple's (AAPL) services business&nbsp;\"is worth $1.5 trillion in the eyes of the Street,\" and is benefiting from being coupled with a hardware ecosystem that \"is in the midst of its strongest product cycle in over a decade, led by iPhone 13.\"</p><p><blockquote>服务包括 App Store 的销售以及从苹果 TV+ 到 iCloud 存储计划的订阅等项目，在苹果 (AAPL) 最近一个季度带来了 183 亿美元的收入。艾夫斯估计，苹果 (AAPL) 的服务业务“在华尔街眼中价值 1.5 万亿美元”，并受益于与硬件生态系统的结合，该生态系统“正处于十多年来最强劲的产品周期中，以 iPhone 13 为首。”</blockquote></p><p> Even issues related to component supplies that could impede Apple's (AAPL) path toward a market cap for $3 trillion or more are likely to be little more than minor speedbumps for the company to overcome, in Ives opinion.</p><p><blockquote>艾夫斯认为，即使是可能阻碍苹果 (AAPL) 市值达到 3 万亿美元或以上的零部件供应相关问题，也可能只是该公司需要克服的小障碍。</blockquote></p><p> \"Supply shortages of roughly 15 million iPhone units globally remain an issue that should moderate into early 2022,\" Ives said. \"Importantly, the underlying demand story is our focus into 2022 and we believe is the ultimate driver of the stock going forward.\"</p><p><blockquote>艾夫斯表示：“全球约 1500 万部 iPhone 的供应短缺仍然是一个问题，到 2022 年初应该会有所缓解。”“重要的是，潜在的需求故事是我们 2022 年的重点，我们相信这是该股未来的最终驱动力。”</blockquote></p><p> Ives estimates that Apple (AAPL) will sell more than 40 million iPhones during the end-of-the-year holiday season, and that China alone is set to see 15 million upgrades to the iPhone 13 during the quarter that concludes at the end of December.</p><p><blockquote>艾夫斯估计，苹果 (AAPL) 在年底假期期间将销售超过 4000 万部 iPhone，在截至 12 月底的季度中，仅中国大陆就将出现 1500 万部 iPhone 13 升级。</blockquote></p><p> Along with the iPhone, Ives said many signs point toward Apple (AAPL) rolling out its first augmented reality [AR] glasses by the summer of 2022, and that move could add $20 a share to the company's valuation. Morgan Stanley analyst Katy Huberty also recently said that Apple (AAPL) should see success with its AR glasses due to its long-time&nbsp;track record of entering consumer markets with successful new products.</p><p><blockquote>艾夫斯表示，除了 iPhone，许多迹象表明苹果 (AAPL) 将在 2022 年夏季推出首款增强现实 [AR] 眼镜，此举可能会使该公司每股估值增加 20 美元。摩根士丹利分析师凯蒂·休伯蒂 (Katy Huberty) 最近也表示，苹果 (AAPL) 的 AR 眼镜应该会取得成功，因为它长期以来有着以成功的新产品进入消费市场的记录。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3779362-apple-nearing-watershed-moment-of-3-trillion-in-market-cap\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/news/3779362-apple-nearing-watershed-moment-of-3-trillion-in-market-cap","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171394291","content_text":"As many companies begin to gear down for the Christmas and New Year holidays, there remains one tech stalwart that is on the brink of a milestone that no other company in history has achieved: Apple.\nJustin Sullivan/Getty Images News\nThe most-iconic of all tech companies stands a good chance of reaching $3 trillion in market capitalization this week. Apple(NASDAQ:AAPL)finished Friday with a valuation of $2.944 trillion, so all Wall Street needs to do now is add $56 billion to the iPhone maker's stock value and Apple (AAPL) will stand alone in the $3 trillion club.\nTo put that amount in some perspective, Apple (AAPL) became the first company to hit $1 trillion in market cap in 2018--or, 42 years after Steve Jobs and Steve Wozniak founded Apple (AAPL) in a garage in Cupertino, Calif. It then took Apple just until 2020 to reach $2 trillion in market cap. Right now, the only other company worth more than $2 trillion is Microsoft(NASDAQ:MSFT), which ended last week with a market cap of $2.57 trillion.\n\"The Street is starting to better appreciate the robust fundamental story into 2022 for [Apple Chief Executive] Tim Cook & Co.,\" said Wedbush analyst Dan Ives, in a research note on Sunday. \"Hitting $3 trillion is another watershed moment for Apple as the company continues to prove the doubters wrong with the renaissance of growth story playing out in Cupertino.\"\nWhile Apple's (AAPL) iPhone sales continue to be the biggest source of the company's strength--iPhones accounted for almost $39 billion of Apple's $83.4 billion in fiscal fourth-quarter sales--Ives said the \"linchpin\" of Apple's (AAPL) growing valuation is its services business.\nServices, which include items such as sales from the App Store and subscriptions to everything from Apple TV+ to iCloud storage plans, brought in $18.3 billion in revenue in Apple's (AAPL) most-recent quarter. Ives estimates that Apple's (AAPL) services business \"is worth $1.5 trillion in the eyes of the Street,\" and is benefiting from being coupled with a hardware ecosystem that \"is in the midst of its strongest product cycle in over a decade, led by iPhone 13.\"\nEven issues related to component supplies that could impede Apple's (AAPL) path toward a market cap for $3 trillion or more are likely to be little more than minor speedbumps for the company to overcome, in Ives opinion.\n\"Supply shortages of roughly 15 million iPhone units globally remain an issue that should moderate into early 2022,\" Ives said. \"Importantly, the underlying demand story is our focus into 2022 and we believe is the ultimate driver of the stock going forward.\"\nIves estimates that Apple (AAPL) will sell more than 40 million iPhones during the end-of-the-year holiday season, and that China alone is set to see 15 million upgrades to the iPhone 13 during the quarter that concludes at the end of December.\nAlong with the iPhone, Ives said many signs point toward Apple (AAPL) rolling out its first augmented reality [AR] glasses by the summer of 2022, and that move could add $20 a share to the company's valuation. Morgan Stanley analyst Katy Huberty also recently said that Apple (AAPL) should see success with its AR glasses due to its long-time track record of entering consumer markets with successful new products.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":3232,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605187336,"gmtCreate":1639130104604,"gmtModify":1639130104742,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"Overvalued","listText":"Overvalued","text":"Overvalued","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/605187336","repostId":"1133845166","repostType":2,"repost":{"id":"1133845166","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639130022,"share":"https://www.laohunote.com/m/news/1133845166?lang=zh_CN&edition=full","pubTime":"2021-12-10 17:53","market":"us","language":"en","title":"Grab shares dropped another 2% in premarket trading<blockquote>Grab 股价在盘前交易中又下跌 2%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1133845166","media":"Tiger Newspress","summary":"Grab shares dropped another 2% in premarket trading.The stock fell more than 9% yesterday.","content":"<p>Grab shares dropped another 2% in premarket trading.The stock fell more than 9% yesterday.</p><p><blockquote>Grab 股价在盘前交易中又下跌 2%。该股昨天下跌超过9%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c53085cee57f6060446a02aa58e6a691\" tg-width=\"843\" tg-height=\"619\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab shares dropped another 2% in premarket trading<blockquote>Grab 股价在盘前交易中又下跌 2%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab shares dropped another 2% in premarket trading<blockquote>Grab 股价在盘前交易中又下跌 2%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-10 17:53</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Grab shares dropped another 2% in premarket trading.The stock fell more than 9% yesterday.</p><p><blockquote>Grab 股价在盘前交易中又下跌 2%。该股昨天下跌超过9%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c53085cee57f6060446a02aa58e6a691\" tg-width=\"843\" tg-height=\"619\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133845166","content_text":"Grab shares dropped another 2% in premarket trading.The stock fell more than 9% yesterday.","news_type":1,"symbols_score_info":{"GRAB":0.9}},"isVote":1,"tweetType":1,"viewCount":3573,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605313633,"gmtCreate":1639111748545,"gmtModify":1639112851276,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"That’s what they always say. Even in the lows of 2020 when Covid hit the hardest, they would say a bear market is upon us. But turned out it wasn’t really the case","listText":"That’s what they always say. Even in the lows of 2020 when Covid hit the hardest, they would say a bear market is upon us. But turned out it wasn’t really the case","text":"That’s what they always say. Even in the lows of 2020 when Covid hit the hardest, they would say a bear market is upon us. But turned out it wasn’t really the case","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605313633","repostId":"1173696854","repostType":2,"repost":{"id":"1173696854","kind":"news","pubTimestamp":1639100666,"share":"https://www.laohunote.com/m/news/1173696854?lang=zh_CN&edition=full","pubTime":"2021-12-10 09:44","market":"us","language":"en","title":"The next recession: Here’s when the ‘everything bubble’ will burst<blockquote>下一次经济衰退： “万物泡沫 ”何时破裂</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1173696854","media":"Fortune","summary":"In October 20XX. That’s not a typo. To reach the best guesstimate of when the next recession will be","content":"<p>In October 20XX. That’s not a typo. To reach the best guesstimate of when the next recession will begin, we need to understand how the Federal Reserve creates unsustainable booms and why the next bust may be just around the corner.</p><p><blockquote>20XX年10月。这不是错别字。为了对下一次衰退何时开始做出最佳猜测，我们需要了解美联储如何制造不可持续的繁荣，以及为什么下一次衰退可能即将到来。</blockquote></p><p> A caveat is in order. As physicist Niels Bohr exclaimed, “Prediction is very difficult, especially if it’s about the future.” Nevertheless, I will weigh in fearlessly with my 10 cents. The Fed’s inflationary policies have increased my two cents fivefold. Maybe the next cryptocurrency is on the horizon: My 10 Cents.</p><p><blockquote>需要一个警告。正如物理学家尼尔斯-玻尔（Niels Bohr）所说：“预测是非常困难的，尤其是在预测未来的时候。”尽管如此，我会无所畏惧地用我的10美分称重。美联储的通货膨胀政策让我的两美分增加了五倍。也许下一个加密货币就在地平线上：我的10美分。</blockquote></p><p> If a dog can have a crypto, why can’t a retired finance professor who&nbsp;warned the public&nbsp;that prices were about to accelerate due to the Fed’s inflationary policies in the spring of 1976 have one?</p><p><blockquote>如果狗可以拥有加密货币，为什么一位退休的金融学教授不能拥有加密货币呢？他曾在 1976 年春天警告公众，由于美联储的通胀政策，物价即将加速上涨。</blockquote></p><p> Consumerprices rose5.7% in 1976, 6.5% in 1977, 7.6% in 1978, 11.3% in 1979 and 13.5% in 1980. Talk about being right on the money!</p><p><blockquote>1976年消费价格上涨5.7%，1977年6.5%，1978年7.6%，1979年11.3%，1980年13.5%。谈论金钱上的正确!</blockquote></p><p> As inflation was galloping throughout his presidency, then President Jimmy Carter appointed Paul Volcker, a former banker and U.S. Treasury official, in 1979 to halt the multiyear price spiral. Volcker succeeded spectacularly. Consumer prices rose 10.3% in 1981, revealing how inflation momentum can continue for a while before the Fed’s tight money policies slay the inflation dragon. In 1982, prices rose 6.1%, 3.2% in 1983, and (miracle of miracles) only 1.9% in 1986, a year before Volcker stepped down as Fed chairman and was replaced by Alan Greenspan.</p><p><blockquote>由于通货膨胀在他的总统任期内飙升，时任总统吉米·卡特于 1979 年任命前银行家兼美国财政部官员保罗·沃尔克 (Paul Volcker) 来阻止多年来的物价螺旋上升。沃尔克取得了惊人的成功。1981 年消费者价格上涨了 10.3%，这表明在美联储的紧缩货币政策杀死通胀巨龙之前，通胀势头可能会持续一段时间。1982 年，物价上涨了 6.1%，1983 年上涨了 3.2%，而（奇迹中的奇迹）1986 年（沃尔克卸任美联储主席并由艾伦·格林斯潘接任的前一年）仅上涨了 1.9%。</blockquote></p><p> To accomplish what was considered at the time improbable due to high inflation expectations, the Volcker-led Fed&nbsp;raised the Fed Funds Rate–the rate banks borrow from each other for overnight loans–to 22% by December 1980. The cost of Volcker’s tight monetary policies necessary to halt the dollar’s slide was back-to-back recessions: a short downturn 1980 and then another one, 1981-1982. A case can be made that one long recession occurred that in effect lasted three years, from January 1980 to November 1982.</p><p><blockquote>为了实现由于高通胀预期而当时被认为不可能实现的目标，沃尔克领导的美联储在1980年12月之前将联邦基金利率（银行相互借入隔夜贷款的利率）提高到了22%。沃尔克为阻止美元下滑而采取的紧缩货币政策的代价是接二连三的衰退： 1980 年是短暂的衰退，1981-1982 年又是短暂的衰退。一个例子是，从1980年1月到1982年11月，发生了一次实际上持续了三年的长期衰退。</blockquote></p><p> <b>Pinpointing the moment</b></p><p><blockquote><b>精确定位时刻</b></blockquote></p><p> One of the best leading indicators of a cyclical downturn is the unemployment rate, which reached a cyclical bottom in May 1979 (5.6%) several months before the 1980 recession and didn’t peak until November 1982 (10.8%). The unemployment rate declined until the next upturn in layoffs began to accelerate in 1990.</p><p><blockquote>失业率是周期性衰退的最佳先行指标之一，失业率在 1979 年 5 月达到周期性底部（5.6%），比 1980 年经济衰退早几个月，直到 1982 年 11 月（10.8%）才达到顶峰。失业率一直下降，直到1990年下一次裁员开始加速。</blockquote></p><p> Currently,<b>the unemployment rate</b>&nbsp;has been declining from the lockdown peak of early 2020 and has reached levels that historically have signaled the beginning of the end of a cyclical boom. Lockdowns have undoubtedly distorted the unemployment rate, but the&nbsp;historical pattern&nbsp;reveals that when the unemployment rate nears three percent and then turns up, a recession will soon begin.</p><p><blockquote>目前，<b>失业率</b>已从 2020 年初的封锁峰值开始下降，并已达到历史上预示着周期性繁荣结束的水平。封锁无疑扭曲了失业率，但历史模式表明，当失业率接近3%然后上升时，衰退将很快开始。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/746377b702eacfdfaa019222f8161b85\" tg-width=\"705\" tg-height=\"272\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>The yield curve</b>&nbsp;is one of the most widely followed financial indicators that portend a recession usually within a year. The yield curve reveals the relationship between short-term and long-term interest rates. Typically, the yield curve is upward sloping, like today, when short-term rates are below long-term rates, reflecting a substantial amount of liquidity in the financial markets.</p><p><blockquote><b>收益率曲线</b>是最广泛遵循的财务指标之一，通常预示着一年内的经济衰退。收益率曲线揭示了短期利率和长期利率之间的关系。通常情况下，收益率曲线是向上倾斜的，就像今天一样，当短期利率低于长期利率时，反映了金融市场中大量的流动性。</blockquote></p><p> When the Fed becomes concerned that the economy is “overheating,” it tends to raise the Fed Funds Rate to cool down price inflation, which occurred prior to the bursting of both the 2000 dotcom bubble and the 2007 housing bubble. The yield curve was&nbsp;virtually inverted&nbsp;at the end of 2019, suggesting that a recession would begin sometime in 2020. However, the lockdowns in response to COVID-19 caused an economic downturn in early 2020, not a typical cyclical recession.</p><p><blockquote>当美联储担心经济 “过热 ”时，它往往会提高联邦基金利率，以冷却物价通胀，而物价通胀发生在 2000 年互联网泡沫和 2007 年房地产泡沫破裂之前。收益率曲线在2019年底几乎倒挂，这表明衰退将在2020年的某个时候开始。然而，应对新冠肺炎的封锁导致了2020年初的经济衰退，而不是典型的周期性衰退。</blockquote></p><p> Now the economy is in another cyclical upswing because the Federal Reservein&nbsp;jected $4 trillion&nbsp;of liquidity to “simulate” the economy. At the most recent meeting of the Federal Open Market Committee (FOMC), it was decided to reduce monthly purchases from $120 billion to $105 billion. In other words, the Fed will continue to have its foot on the monetary pedal even as the inflation rate recently topped 6% year over year. In the past accelerating inflation would set off alarm bells at the Fed to raise interest rates to dampen inflationary pressure and expectations. Currently, the thinking at the Fed is that price inflation is “transitory” and therefore monetary policy does not have to be tightened.</p><p><blockquote>现在，由于美联储注入了 4 万亿美元的流动性来 “模拟 ”经济，经济又处于周期性上升期。在联邦公开市场委员会（FOMC）最近一次会议上，决定将每月购买量从1200亿美元减少到1050亿美元。换句话说，即使通胀率最近同比突破6%，美联储仍将继续踩下货币踏板。过去，通胀加速会敲响美联储加息以抑制通胀压力和预期的警钟。目前，美联储的想法是，物价通胀是 “暂时的”，因此不必收紧货币政策。</blockquote></p><p></p><p> My fearless forecast, therefore, is: Inflation accelerates in 2022. Then, the public outcry over skyrocketing prices and the media reports highlighting how prices are decimating the average family’s purchasing power may cause the Biden administration to impose wage-price controls as President Nixon did in 1971 to take the sting out of inflation before his 1972 reelection campaign. Biden could use an executive order if Congress doesn’t give him statutory authority to impose price controls.</p><p><blockquote>因此，我无畏的预测是：2022 年通胀将加速。然后，公众对物价飞涨的强烈抗议和媒体报道强调物价如何削弱普通家庭的购买力，这可能会导致拜登政府像尼克松总统在 1971 年那样，在 1972 年竞选连任之前实施工资价格控制，以消除通货膨胀的困扰。如果国会不授予拜登实施价格控制的法定权力，拜登可以使用行政命令。</blockquote></p><p> Without price controls, I expect the Fed to raise the Fed Funds Rate, sometime in 2022 and to continue tightening in 2023. Thus, the next recession could begin in the fall of 2023, but no later than a year later. If the recession does not begin on schedule, it only means it has been postponed, not eliminated.</p><p><blockquote>如果没有价格控制，我预计美联储将在 2022 年的某个时候提高联邦基金利率，并在 2023 年继续收紧。因此，下一次衰退可能会在 2023 年秋季开始，但不会晚于一年。如果衰退没有如期开始，那只意味着它被推迟了，而不是被消除了。</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>The next recession: Here’s when the ‘everything bubble’ will burst<blockquote>下一次经济衰退： “万物泡沫 ”何时破裂</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\">\nThe next recession: Here’s when the ‘everything bubble’ will burst<blockquote>下一次经济衰退： “万物泡沫 ”何时破裂</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Fortune</strong><span class=\"h-time small\">2021-12-10 09:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p>In October 20XX. That’s not a typo. To reach the best guesstimate of when the next recession will begin, we need to understand how the Federal Reserve creates unsustainable booms and why the next bust may be just around the corner.</p><p><blockquote>20XX年10月。这不是错别字。为了对下一次衰退何时开始做出最佳猜测，我们需要了解美联储如何制造不可持续的繁荣，以及为什么下一次衰退可能即将到来。</blockquote></p><p> A caveat is in order. As physicist Niels Bohr exclaimed, “Prediction is very difficult, especially if it’s about the future.” Nevertheless, I will weigh in fearlessly with my 10 cents. The Fed’s inflationary policies have increased my two cents fivefold. Maybe the next cryptocurrency is on the horizon: My 10 Cents.</p><p><blockquote>需要一个警告。正如物理学家尼尔斯-玻尔（Niels Bohr）所说：“预测是非常困难的，尤其是在预测未来的时候。”尽管如此，我会无所畏惧地用我的10美分称重。美联储的通货膨胀政策让我的两美分增加了五倍。也许下一个加密货币就在地平线上：我的10美分。</blockquote></p><p> If a dog can have a crypto, why can’t a retired finance professor who&nbsp;warned the public&nbsp;that prices were about to accelerate due to the Fed’s inflationary policies in the spring of 1976 have one?</p><p><blockquote>如果狗可以拥有加密货币，为什么一位退休的金融学教授不能拥有加密货币呢？他曾在 1976 年春天警告公众，由于美联储的通胀政策，物价即将加速上涨。</blockquote></p><p> Consumerprices rose5.7% in 1976, 6.5% in 1977, 7.6% in 1978, 11.3% in 1979 and 13.5% in 1980. Talk about being right on the money!</p><p><blockquote>1976年消费价格上涨5.7%，1977年6.5%，1978年7.6%，1979年11.3%，1980年13.5%。谈论金钱上的正确!</blockquote></p><p> As inflation was galloping throughout his presidency, then President Jimmy Carter appointed Paul Volcker, a former banker and U.S. Treasury official, in 1979 to halt the multiyear price spiral. Volcker succeeded spectacularly. Consumer prices rose 10.3% in 1981, revealing how inflation momentum can continue for a while before the Fed’s tight money policies slay the inflation dragon. In 1982, prices rose 6.1%, 3.2% in 1983, and (miracle of miracles) only 1.9% in 1986, a year before Volcker stepped down as Fed chairman and was replaced by Alan Greenspan.</p><p><blockquote>由于通货膨胀在他的总统任期内飙升，时任总统吉米·卡特于 1979 年任命前银行家兼美国财政部官员保罗·沃尔克 (Paul Volcker) 来阻止多年来的物价螺旋上升。沃尔克取得了惊人的成功。1981 年消费者价格上涨了 10.3%，这表明在美联储的紧缩货币政策杀死通胀巨龙之前，通胀势头可能会持续一段时间。1982 年，物价上涨了 6.1%，1983 年上涨了 3.2%，而（奇迹中的奇迹）1986 年（沃尔克卸任美联储主席并由艾伦·格林斯潘接任的前一年）仅上涨了 1.9%。</blockquote></p><p> To accomplish what was considered at the time improbable due to high inflation expectations, the Volcker-led Fed&nbsp;raised the Fed Funds Rate–the rate banks borrow from each other for overnight loans–to 22% by December 1980. The cost of Volcker’s tight monetary policies necessary to halt the dollar’s slide was back-to-back recessions: a short downturn 1980 and then another one, 1981-1982. A case can be made that one long recession occurred that in effect lasted three years, from January 1980 to November 1982.</p><p><blockquote>为了实现由于高通胀预期而当时被认为不可能实现的目标，沃尔克领导的美联储在1980年12月之前将联邦基金利率（银行相互借入隔夜贷款的利率）提高到了22%。沃尔克为阻止美元下滑而采取的紧缩货币政策的代价是接二连三的衰退： 1980 年是短暂的衰退，1981-1982 年又是短暂的衰退。一个例子是，从1980年1月到1982年11月，发生了一次实际上持续了三年的长期衰退。</blockquote></p><p> <b>Pinpointing the moment</b></p><p><blockquote><b>精确定位时刻</b></blockquote></p><p> One of the best leading indicators of a cyclical downturn is the unemployment rate, which reached a cyclical bottom in May 1979 (5.6%) several months before the 1980 recession and didn’t peak until November 1982 (10.8%). The unemployment rate declined until the next upturn in layoffs began to accelerate in 1990.</p><p><blockquote>失业率是周期性衰退的最佳先行指标之一，失业率在 1979 年 5 月达到周期性底部（5.6%），比 1980 年经济衰退早几个月，直到 1982 年 11 月（10.8%）才达到顶峰。失业率一直下降，直到1990年下一次裁员开始加速。</blockquote></p><p> Currently,<b>the unemployment rate</b>&nbsp;has been declining from the lockdown peak of early 2020 and has reached levels that historically have signaled the beginning of the end of a cyclical boom. Lockdowns have undoubtedly distorted the unemployment rate, but the&nbsp;historical pattern&nbsp;reveals that when the unemployment rate nears three percent and then turns up, a recession will soon begin.</p><p><blockquote>目前，<b>失业率</b>已从 2020 年初的封锁峰值开始下降，并已达到历史上预示着周期性繁荣结束的水平。封锁无疑扭曲了失业率，但历史模式表明，当失业率接近3%然后上升时，衰退将很快开始。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/746377b702eacfdfaa019222f8161b85\" tg-width=\"705\" tg-height=\"272\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>The yield curve</b>&nbsp;is one of the most widely followed financial indicators that portend a recession usually within a year. The yield curve reveals the relationship between short-term and long-term interest rates. Typically, the yield curve is upward sloping, like today, when short-term rates are below long-term rates, reflecting a substantial amount of liquidity in the financial markets.</p><p><blockquote><b>收益率曲线</b>是最广泛遵循的财务指标之一，通常预示着一年内的经济衰退。收益率曲线揭示了短期利率和长期利率之间的关系。通常情况下，收益率曲线是向上倾斜的，就像今天一样，当短期利率低于长期利率时，反映了金融市场中大量的流动性。</blockquote></p><p> When the Fed becomes concerned that the economy is “overheating,” it tends to raise the Fed Funds Rate to cool down price inflation, which occurred prior to the bursting of both the 2000 dotcom bubble and the 2007 housing bubble. The yield curve was&nbsp;virtually inverted&nbsp;at the end of 2019, suggesting that a recession would begin sometime in 2020. However, the lockdowns in response to COVID-19 caused an economic downturn in early 2020, not a typical cyclical recession.</p><p><blockquote>当美联储担心经济 “过热 ”时，它往往会提高联邦基金利率，以冷却物价通胀，而物价通胀发生在 2000 年互联网泡沫和 2007 年房地产泡沫破裂之前。收益率曲线在2019年底几乎倒挂，这表明衰退将在2020年的某个时候开始。然而，应对新冠肺炎的封锁导致了2020年初的经济衰退，而不是典型的周期性衰退。</blockquote></p><p> Now the economy is in another cyclical upswing because the Federal Reservein&nbsp;jected $4 trillion&nbsp;of liquidity to “simulate” the economy. At the most recent meeting of the Federal Open Market Committee (FOMC), it was decided to reduce monthly purchases from $120 billion to $105 billion. In other words, the Fed will continue to have its foot on the monetary pedal even as the inflation rate recently topped 6% year over year. In the past accelerating inflation would set off alarm bells at the Fed to raise interest rates to dampen inflationary pressure and expectations. Currently, the thinking at the Fed is that price inflation is “transitory” and therefore monetary policy does not have to be tightened.</p><p><blockquote>现在，由于美联储注入了 4 万亿美元的流动性来 “模拟 ”经济，经济又处于周期性上升期。在联邦公开市场委员会（FOMC）最近一次会议上，决定将每月购买量从1200亿美元减少到1050亿美元。换句话说，即使通胀率最近同比突破6%，美联储仍将继续踩下货币踏板。过去，通胀加速会敲响美联储加息以抑制通胀压力和预期的警钟。目前，美联储的想法是，物价通胀是 “暂时的”，因此不必收紧货币政策。</blockquote></p><p></p><p> My fearless forecast, therefore, is: Inflation accelerates in 2022. Then, the public outcry over skyrocketing prices and the media reports highlighting how prices are decimating the average family’s purchasing power may cause the Biden administration to impose wage-price controls as President Nixon did in 1971 to take the sting out of inflation before his 1972 reelection campaign. Biden could use an executive order if Congress doesn’t give him statutory authority to impose price controls.</p><p><blockquote>因此，我无畏的预测是：2022 年通胀将加速。然后，公众对物价飞涨的强烈抗议和媒体报道强调物价如何削弱普通家庭的购买力，这可能会导致拜登政府像尼克松总统在 1971 年那样，在 1972 年竞选连任之前实施工资价格控制，以消除通货膨胀的困扰。如果国会不授予拜登实施价格控制的法定权力，拜登可以使用行政命令。</blockquote></p><p> Without price controls, I expect the Fed to raise the Fed Funds Rate, sometime in 2022 and to continue tightening in 2023. Thus, the next recession could begin in the fall of 2023, but no later than a year later. If the recession does not begin on schedule, it only means it has been postponed, not eliminated.</p><p><blockquote>如果没有价格控制，我预计美联储将在 2022 年的某个时候提高联邦基金利率，并在 2023 年继续收紧。因此，下一次衰退可能会在 2023 年秋季开始，但不会晚于一年。如果衰退没有如期开始，那只意味着它被推迟了，而不是被消除了。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/next-recession-everything-bubble-burst-120100109.html\">Fortune</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":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://finance.yahoo.com/news/next-recession-everything-bubble-burst-120100109.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173696854","content_text":"In October 20XX. That’s not a typo. To reach the best guesstimate of when the next recession will begin, we need to understand how the Federal Reserve creates unsustainable booms and why the next bust may be just around the corner.\nA caveat is in order. As physicist Niels Bohr exclaimed, “Prediction is very difficult, especially if it’s about the future.” Nevertheless, I will weigh in fearlessly with my 10 cents. The Fed’s inflationary policies have increased my two cents fivefold. Maybe the next cryptocurrency is on the horizon: My 10 Cents.\nIf a dog can have a crypto, why can’t a retired finance professor who warned the public that prices were about to accelerate due to the Fed’s inflationary policies in the spring of 1976 have one?\nConsumerprices rose5.7% in 1976, 6.5% in 1977, 7.6% in 1978, 11.3% in 1979 and 13.5% in 1980. Talk about being right on the money!\nAs inflation was galloping throughout his presidency, then President Jimmy Carter appointed Paul Volcker, a former banker and U.S. Treasury official, in 1979 to halt the multiyear price spiral. Volcker succeeded spectacularly. Consumer prices rose 10.3% in 1981, revealing how inflation momentum can continue for a while before the Fed’s tight money policies slay the inflation dragon. In 1982, prices rose 6.1%, 3.2% in 1983, and (miracle of miracles) only 1.9% in 1986, a year before Volcker stepped down as Fed chairman and was replaced by Alan Greenspan.\nTo accomplish what was considered at the time improbable due to high inflation expectations, the Volcker-led Fed raised the Fed Funds Rate–the rate banks borrow from each other for overnight loans–to 22% by December 1980. The cost of Volcker’s tight monetary policies necessary to halt the dollar’s slide was back-to-back recessions: a short downturn 1980 and then another one, 1981-1982. A case can be made that one long recession occurred that in effect lasted three years, from January 1980 to November 1982.\nPinpointing the moment\nOne of the best leading indicators of a cyclical downturn is the unemployment rate, which reached a cyclical bottom in May 1979 (5.6%) several months before the 1980 recession and didn’t peak until November 1982 (10.8%). The unemployment rate declined until the next upturn in layoffs began to accelerate in 1990.\nCurrently,the unemployment rate has been declining from the lockdown peak of early 2020 and has reached levels that historically have signaled the beginning of the end of a cyclical boom. Lockdowns have undoubtedly distorted the unemployment rate, but the historical pattern reveals that when the unemployment rate nears three percent and then turns up, a recession will soon begin.\n\nThe yield curve is one of the most widely followed financial indicators that portend a recession usually within a year. The yield curve reveals the relationship between short-term and long-term interest rates. Typically, the yield curve is upward sloping, like today, when short-term rates are below long-term rates, reflecting a substantial amount of liquidity in the financial markets.\nWhen the Fed becomes concerned that the economy is “overheating,” it tends to raise the Fed Funds Rate to cool down price inflation, which occurred prior to the bursting of both the 2000 dotcom bubble and the 2007 housing bubble. The yield curve was virtually inverted at the end of 2019, suggesting that a recession would begin sometime in 2020. However, the lockdowns in response to COVID-19 caused an economic downturn in early 2020, not a typical cyclical recession.\nNow the economy is in another cyclical upswing because the Federal Reservein jected $4 trillion of liquidity to “simulate” the economy. At the most recent meeting of the Federal Open Market Committee (FOMC), it was decided to reduce monthly purchases from $120 billion to $105 billion. In other words, the Fed will continue to have its foot on the monetary pedal even as the inflation rate recently topped 6% year over year. In the past accelerating inflation would set off alarm bells at the Fed to raise interest rates to dampen inflationary pressure and expectations. Currently, the thinking at the Fed is that price inflation is “transitory” and therefore monetary policy does not have to be tightened.\nMy fearless forecast, therefore, is: Inflation accelerates in 2022. Then, the public outcry over skyrocketing prices and the media reports highlighting how prices are decimating the average family’s purchasing power may cause the Biden administration to impose wage-price controls as President Nixon did in 1971 to take the sting out of inflation before his 1972 reelection campaign. Biden could use an executive order if Congress doesn’t give him statutory authority to impose price controls.\nWithout price controls, I expect the Fed to raise the Fed Funds Rate, sometime in 2022 and to continue tightening in 2023. Thus, the next recession could begin in the fall of 2023, but no later than a year later. If the recession does not begin on schedule, it only means it has been postponed, not eliminated.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":3924,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":602787870,"gmtCreate":1639069070232,"gmtModify":1639069070375,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"Completely agree. There are too many factors that are against the business model and a lack of track record, accompanied by poor financial outlook","listText":"Completely agree. There are too many factors that are against the business model and a lack of track record, accompanied by poor financial outlook","text":"Completely agree. There are too many factors that are against the business model and a lack of track record, accompanied by poor financial outlook","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/602787870","repostId":"1115551422","repostType":2,"isVote":1,"tweetType":1,"viewCount":3664,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606889646,"gmtCreate":1638855469450,"gmtModify":1638855469539,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"Looks like a good price","listText":"Looks like a good price","text":"Looks like a good price","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/606889646","repostId":"1186153909","repostType":2,"repost":{"id":"1186153909","kind":"news","pubTimestamp":1638854782,"share":"https://www.laohunote.com/m/news/1186153909?lang=zh_CN&edition=full","pubTime":"2021-12-07 13:26","market":"us","language":"en","title":"Lucid and Nio Are Down Over 30% From Their Highs. Is it Time to Buy?<blockquote>Lucid 和蔚来较高点下跌超过 30%。是时候买了吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1186153909","media":"Motley Fool","summary":"In a matter of weeks, many growth stocks have gone from hot to cold over fears of an economic slowdo","content":"<p>In a matter of weeks, many growth stocks have gone from hot to cold over fears of an economic slowdown, the omicron COVID-19 variant, and valuation concerns.</p><p><blockquote>短短几周内，由于对经济放缓、奥密克戎 COVID-19 变体和估值担忧的担忧，许多成长型股票就从热转冷。</blockquote></p><p> Lucid Group (NASDAQ:LCID) and Nio (NYSE:NIO) are two very different electric vehicle (EV) companies that are looking to make names for themselves on the global stage. Despite their potential, however, both companies are seeing their share prices sink. Let's determine if now is the right time to buy Lucid and Nio, or if investors should run for the exits.</p><p><blockquote>Lucid Group（纳斯达克股票代码：LCID）和蔚来（纽约证券交易所股票代码：NIO）是两家截然不同的电动汽车（EV）公司，它们都希望在全球舞台上成名。然而，尽管有潜力，两家公司的股价都在下跌。让我们确定现在是否是购买 Lucid 和蔚来的合适时机，或者投资者是否应该竞相退出。</blockquote></p><p> <b>This wild ride is showing no signs of slowing down</b></p><p><blockquote><b>这种狂野的旅程没有放缓的迹象</b></blockquote></p><p> Daniel Foelber (Lucid): Lucid had a banner year in 2021. It began mass production and deliveries of its Lucid Air Dream Edition sedan, was named the MotorTrend 2022 Car of the Year, and crushed range ratings by the Environmental Protection Agency (EPA). As a result, investors piled into its stock, which is up over three-fold for the year.</p><p><blockquote>丹尼尔·福尔伯（Lucid）：Lucid在2021年度过了辉煌的一年。它开始大规模生产和交付 Lucid Air Dream Edition 轿车，被评为 MotorTrend 2022 年度汽车，并击败了环境保护署 (EPA) 的续航里程评级。结果，投资者纷纷买入该公司的股票，今年该公司股价上涨了两倍多。</blockquote></p><p> However, even Lucid is showing signs that it's cooling off. The stock is now down around 30% from its high, in lockstep with the broader EV industry. Lucid's success in 2022 and beyond depends on a lot of things going right. It needs to increase its manufacturing capacity, produce and deliver an average of 55 cars per day, expand its product line, and develop its Gravity SUV -- and most importantly, fend off the swath of legacy automakers and new players that are champing at the bit to develop their own battery technology. It's a tall order, but Lucid has so far proven an ability to deliver on its promises.</p><p><blockquote>然而，即使是 Lucid 也显示出降温的迹象。该股目前较高点下跌约 30%，与更广泛的电动汽车行业同步。Lucid 在 2022 年及以后的成功取决于很多事情的顺利进行。它需要提高产能，平均每天生产和交付 55 辆汽车，扩大产品线，开发 Gravity SUV，最重要的是，要抵御一大批传统汽车制造商和新参与者，他们争先恐后地开发自己的电池技术。这是一个很高的要求，但Lucid迄今为止已经证明了它有能力兑现承诺。</blockquote></p><p> As impressive as Lucid's year has been, the reality is that the company is incredibly young and has yet to build the track record necessary to fend off skepticism. Referring to the chart above, it's clear to see that Lucid stock was initially met with euphoria and optimism before undergoing a roughly six-month period in the doldrums.</p><p><blockquote>尽管 Lucid 的这一年令人印象深刻，但现实是该公司非常年轻，尚未建立抵御怀疑所需的记录。参考上图，可以清楚地看出，Lucid 股票在经历了大约六个月的低迷时期之前，最初受到了欣快和乐观的情绪。</blockquote></p><p> Because Lucid doesn't have meaningful financial metrics like revenue and profit, its performance depends on its ability to prove to investors that people want to buy its cars, it can produce the cars they want to buy, and it will sell even more cars in the future. At the end of the day, there are many factors that lie outside of Lucid's control, namely the chip shortage. However, Lucid has an advantage over other automakers: It isn't too reliant on third-party suppliers, because it builds its own battery packs and controls much of its production process.</p><p><blockquote>由于 Lucid 没有收入和利润等有意义的财务指标，因此其业绩取决于其向投资者证明人们想要购买其汽车的能力，它可以生产他们想要购买的汽车，并且未来还会销售更多的汽车。归根结底，有许多因素超出了 Lucid 的控制范围，即芯片短缺。然而，Lucid 相对于其他汽车制造商有一个优势：它不太依赖第三方供应商，因为它自己制造电池组并控制大部分生产过程。</blockquote></p><p> <b>Looking at the big picture</b></p><p><blockquote><b>着眼于大局</b></blockquote></p><p> Howard Smith (Nio): Shares of Chinese EV maker Nio are down more than 30% year-to-date, and are 50% off January 2021 highs. The company was valued at close to $100 billion at those highs based on its potential and expected continued strong growth in the global electrification of transportation. But a semiconductor chip shortage hit the industry this year, and affected production for many automotive manufacturers.</p><p><blockquote>Howard Smith（蔚来）：中国电动汽车制造商蔚来的股价今年迄今已下跌超过 30%，较 2021 年 1 月高点下跌 50%。基于其潜力和全球交通电气化持续强劲增长的预期，该公司在这些高点的估值接近 1000 亿美元。但今年半导体芯片短缺打击了该行业，影响了许多汽车制造商的生产。</blockquote></p><p> Nio wasn't immune to that, and it contributed to the drop in shares that has the company's market cap now at about $54 billion. That's still richly valued considering the company has yet to be profitable, and a sharp drop in vehicle deliveries in the month of October spooked investors further. But this week, Nio reported its November delivery results, and that drop in valuation may make now a good time to buy Nio shares.</p><p><blockquote>蔚来也未能幸免，这导致该公司股价下跌，目前该公司市值约为 540 亿美元。考虑到该公司尚未盈利，而且 10 月份汽车交付量的急剧下降进一步令投资者感到恐慌，这仍然很有价值。但本周，蔚来公布了 11 月份的交付结果，估值下降可能是购买蔚来股票的好时机。</blockquote></p><p> Nio reported a monthly record for vehicle deliveries in November. That helps to alleviate concerns over supply constraints, and verifies that much of the dip in October was due to an interruption in production as the company prepared to upgrade its manufacturing lines for higher volume and new products. A look at how Nio's monthly deliveries progressed throughout 2021 shows the growth pattern appears intact.</p><p><blockquote>蔚来公布 11 月份车辆交付量创下月度纪录。这有助于缓解对供应限制的担忧，并证实 10 月份的下跌很大程度上是由于该公司准备升级生产线以增加产量和新产品而导致生产中断。看看蔚来汽车在 2021 年的每月交付量进展情况，就会发现增长模式似乎完好无损。</blockquote></p><p> Through November 2021, Nio deliveries have increased more than 120% over the comparable period in 2020. But even the record November figure only represents about half of the production capacity the company is working toward. That expansion is scheduled to be complete in the spring of 2022, and the company believes there's plenty of demand to support that growth. Nio began exporting vehicles for the first time in July 2021 as it set up a presence in Norway. It expects to move into Germany next year too as it also launches several new products.</p><p><blockquote>截至2021年11月，蔚来交付量比2020年同期增长了120%以上。但即使是创纪录的 11 月份数字也只代表了该公司正在努力实现的产能的一半左右。此次扩张计划于 2022 年春季完成，该公司相信有足够的需求来支持这一增长。蔚来于2021年7月首次开始出口汽车，因为它在挪威建立了业务。它预计明年也将进军德国，因为它还将推出几款新产品。</blockquote></p><p> With that bigger-picture perspective, the decrease in the share price seen this year might make now a good time to buy for investors with patience and the appropriate risk tolerance.</p><p><blockquote>从更大的角度来看，今年股价的下跌可能是投资者有耐心和适当风险承受能力的好时机。</blockquote></p><p> <b>A great industry to invest in</b></p><p><blockquote><b>一个值得投资的伟大行业</b></blockquote></p><p> Lucid and Nio are two of the better up-and-coming electric car growth stocks. Both companies have real competitive advantages that could take them far as developed economies transition away from the internal combustion engine to the electric motor. Investors that agree with the long-term thesis of each company could do well to pick up shares on sale, or take a more conservative approach with a basket of EV stocks.</p><p><blockquote>Lucid 和蔚来是两只较好的新兴电动汽车成长型股票。这两家公司都拥有真正的竞争优势，随着发达经济体从内燃机转向电动机，它们可能会走得更远。同意每家公司长期论点的投资者最好在出售时购买股票，或者采取更保守的方法购买一篮子电动汽车股票。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lucid and Nio Are Down Over 30% From Their Highs. Is it Time to Buy?<blockquote>Lucid 和蔚来较高点下跌超过 30%。是时候买了吗？</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\">\nLucid and Nio Are Down Over 30% From Their Highs. Is it Time to Buy?<blockquote>Lucid 和蔚来较高点下跌超过 30%。是时候买了吗？</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\">2021-12-07 13:26</span>\n</p>\n</h4>\n</header>\n<article>\n<p>In a matter of weeks, many growth stocks have gone from hot to cold over fears of an economic slowdown, the omicron COVID-19 variant, and valuation concerns.</p><p><blockquote>短短几周内，由于对经济放缓、奥密克戎 COVID-19 变体和估值担忧的担忧，许多成长型股票就从热转冷。</blockquote></p><p> Lucid Group (NASDAQ:LCID) and Nio (NYSE:NIO) are two very different electric vehicle (EV) companies that are looking to make names for themselves on the global stage. Despite their potential, however, both companies are seeing their share prices sink. Let's determine if now is the right time to buy Lucid and Nio, or if investors should run for the exits.</p><p><blockquote>Lucid Group（纳斯达克股票代码：LCID）和蔚来（纽约证券交易所股票代码：NIO）是两家截然不同的电动汽车（EV）公司，它们都希望在全球舞台上成名。然而，尽管有潜力，两家公司的股价都在下跌。让我们确定现在是否是购买 Lucid 和蔚来的合适时机，或者投资者是否应该竞相退出。</blockquote></p><p> <b>This wild ride is showing no signs of slowing down</b></p><p><blockquote><b>这种狂野的旅程没有放缓的迹象</b></blockquote></p><p> Daniel Foelber (Lucid): Lucid had a banner year in 2021. It began mass production and deliveries of its Lucid Air Dream Edition sedan, was named the MotorTrend 2022 Car of the Year, and crushed range ratings by the Environmental Protection Agency (EPA). As a result, investors piled into its stock, which is up over three-fold for the year.</p><p><blockquote>丹尼尔·福尔伯（Lucid）：Lucid在2021年度过了辉煌的一年。它开始大规模生产和交付 Lucid Air Dream Edition 轿车，被评为 MotorTrend 2022 年度汽车，并击败了环境保护署 (EPA) 的续航里程评级。结果，投资者纷纷买入该公司的股票，今年该公司股价上涨了两倍多。</blockquote></p><p> However, even Lucid is showing signs that it's cooling off. The stock is now down around 30% from its high, in lockstep with the broader EV industry. Lucid's success in 2022 and beyond depends on a lot of things going right. It needs to increase its manufacturing capacity, produce and deliver an average of 55 cars per day, expand its product line, and develop its Gravity SUV -- and most importantly, fend off the swath of legacy automakers and new players that are champing at the bit to develop their own battery technology. It's a tall order, but Lucid has so far proven an ability to deliver on its promises.</p><p><blockquote>然而，即使是 Lucid 也显示出降温的迹象。该股目前较高点下跌约 30%，与更广泛的电动汽车行业同步。Lucid 在 2022 年及以后的成功取决于很多事情的顺利进行。它需要提高产能，平均每天生产和交付 55 辆汽车，扩大产品线，开发 Gravity SUV，最重要的是，要抵御一大批传统汽车制造商和新参与者，他们争先恐后地开发自己的电池技术。这是一个很高的要求，但Lucid迄今为止已经证明了它有能力兑现承诺。</blockquote></p><p> As impressive as Lucid's year has been, the reality is that the company is incredibly young and has yet to build the track record necessary to fend off skepticism. Referring to the chart above, it's clear to see that Lucid stock was initially met with euphoria and optimism before undergoing a roughly six-month period in the doldrums.</p><p><blockquote>尽管 Lucid 的这一年令人印象深刻，但现实是该公司非常年轻，尚未建立抵御怀疑所需的记录。参考上图，可以清楚地看出，Lucid 股票在经历了大约六个月的低迷时期之前，最初受到了欣快和乐观的情绪。</blockquote></p><p> Because Lucid doesn't have meaningful financial metrics like revenue and profit, its performance depends on its ability to prove to investors that people want to buy its cars, it can produce the cars they want to buy, and it will sell even more cars in the future. At the end of the day, there are many factors that lie outside of Lucid's control, namely the chip shortage. However, Lucid has an advantage over other automakers: It isn't too reliant on third-party suppliers, because it builds its own battery packs and controls much of its production process.</p><p><blockquote>由于 Lucid 没有收入和利润等有意义的财务指标，因此其业绩取决于其向投资者证明人们想要购买其汽车的能力，它可以生产他们想要购买的汽车，并且未来还会销售更多的汽车。归根结底，有许多因素超出了 Lucid 的控制范围，即芯片短缺。然而，Lucid 相对于其他汽车制造商有一个优势：它不太依赖第三方供应商，因为它自己制造电池组并控制大部分生产过程。</blockquote></p><p> <b>Looking at the big picture</b></p><p><blockquote><b>着眼于大局</b></blockquote></p><p> Howard Smith (Nio): Shares of Chinese EV maker Nio are down more than 30% year-to-date, and are 50% off January 2021 highs. The company was valued at close to $100 billion at those highs based on its potential and expected continued strong growth in the global electrification of transportation. But a semiconductor chip shortage hit the industry this year, and affected production for many automotive manufacturers.</p><p><blockquote>Howard Smith（蔚来）：中国电动汽车制造商蔚来的股价今年迄今已下跌超过 30%，较 2021 年 1 月高点下跌 50%。基于其潜力和全球交通电气化持续强劲增长的预期，该公司在这些高点的估值接近 1000 亿美元。但今年半导体芯片短缺打击了该行业，影响了许多汽车制造商的生产。</blockquote></p><p> Nio wasn't immune to that, and it contributed to the drop in shares that has the company's market cap now at about $54 billion. That's still richly valued considering the company has yet to be profitable, and a sharp drop in vehicle deliveries in the month of October spooked investors further. But this week, Nio reported its November delivery results, and that drop in valuation may make now a good time to buy Nio shares.</p><p><blockquote>蔚来也未能幸免，这导致该公司股价下跌，目前该公司市值约为 540 亿美元。考虑到该公司尚未盈利，而且 10 月份汽车交付量的急剧下降进一步令投资者感到恐慌，这仍然很有价值。但本周，蔚来公布了 11 月份的交付结果，估值下降可能是购买蔚来股票的好时机。</blockquote></p><p> Nio reported a monthly record for vehicle deliveries in November. That helps to alleviate concerns over supply constraints, and verifies that much of the dip in October was due to an interruption in production as the company prepared to upgrade its manufacturing lines for higher volume and new products. A look at how Nio's monthly deliveries progressed throughout 2021 shows the growth pattern appears intact.</p><p><blockquote>蔚来公布 11 月份车辆交付量创下月度纪录。这有助于缓解对供应限制的担忧，并证实 10 月份的下跌很大程度上是由于该公司准备升级生产线以增加产量和新产品而导致生产中断。看看蔚来汽车在 2021 年的每月交付量进展情况，就会发现增长模式似乎完好无损。</blockquote></p><p> Through November 2021, Nio deliveries have increased more than 120% over the comparable period in 2020. But even the record November figure only represents about half of the production capacity the company is working toward. That expansion is scheduled to be complete in the spring of 2022, and the company believes there's plenty of demand to support that growth. Nio began exporting vehicles for the first time in July 2021 as it set up a presence in Norway. It expects to move into Germany next year too as it also launches several new products.</p><p><blockquote>截至2021年11月，蔚来交付量比2020年同期增长了120%以上。但即使是创纪录的 11 月份数字也只代表了该公司正在努力实现的产能的一半左右。此次扩张计划于 2022 年春季完成，该公司相信有足够的需求来支持这一增长。蔚来于2021年7月首次开始出口汽车，因为它在挪威建立了业务。它预计明年也将进军德国，因为它还将推出几款新产品。</blockquote></p><p> With that bigger-picture perspective, the decrease in the share price seen this year might make now a good time to buy for investors with patience and the appropriate risk tolerance.</p><p><blockquote>从更大的角度来看，今年股价的下跌可能是投资者有耐心和适当风险承受能力的好时机。</blockquote></p><p> <b>A great industry to invest in</b></p><p><blockquote><b>一个值得投资的伟大行业</b></blockquote></p><p> Lucid and Nio are two of the better up-and-coming electric car growth stocks. Both companies have real competitive advantages that could take them far as developed economies transition away from the internal combustion engine to the electric motor. Investors that agree with the long-term thesis of each company could do well to pick up shares on sale, or take a more conservative approach with a basket of EV stocks.</p><p><blockquote>Lucid 和蔚来是两只较好的新兴电动汽车成长型股票。这两家公司都拥有真正的竞争优势，随着发达经济体从内燃机转向电动机，它们可能会走得更远。同意每家公司长期论点的投资者最好在出售时购买股票，或者采取更保守的方法购买一篮子电动汽车股票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/06/lucid-and-nio-are-down-over-25-from-their-highs-is/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","LCID":"Lucid Group Inc"},"source_url":"https://www.fool.com/investing/2021/12/06/lucid-and-nio-are-down-over-25-from-their-highs-is/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186153909","content_text":"In a matter of weeks, many growth stocks have gone from hot to cold over fears of an economic slowdown, the omicron COVID-19 variant, and valuation concerns.\n\nLucid Group (NASDAQ:LCID) and Nio (NYSE:NIO) are two very different electric vehicle (EV) companies that are looking to make names for themselves on the global stage. Despite their potential, however, both companies are seeing their share prices sink. Let's determine if now is the right time to buy Lucid and Nio, or if investors should run for the exits.\nThis wild ride is showing no signs of slowing down\nDaniel Foelber (Lucid): Lucid had a banner year in 2021. It began mass production and deliveries of its Lucid Air Dream Edition sedan, was named the MotorTrend 2022 Car of the Year, and crushed range ratings by the Environmental Protection Agency (EPA). As a result, investors piled into its stock, which is up over three-fold for the year.\n\nHowever, even Lucid is showing signs that it's cooling off. The stock is now down around 30% from its high, in lockstep with the broader EV industry. Lucid's success in 2022 and beyond depends on a lot of things going right. It needs to increase its manufacturing capacity, produce and deliver an average of 55 cars per day, expand its product line, and develop its Gravity SUV -- and most importantly, fend off the swath of legacy automakers and new players that are champing at the bit to develop their own battery technology. It's a tall order, but Lucid has so far proven an ability to deliver on its promises.\n\nAs impressive as Lucid's year has been, the reality is that the company is incredibly young and has yet to build the track record necessary to fend off skepticism. Referring to the chart above, it's clear to see that Lucid stock was initially met with euphoria and optimism before undergoing a roughly six-month period in the doldrums.\n\nBecause Lucid doesn't have meaningful financial metrics like revenue and profit, its performance depends on its ability to prove to investors that people want to buy its cars, it can produce the cars they want to buy, and it will sell even more cars in the future. At the end of the day, there are many factors that lie outside of Lucid's control, namely the chip shortage. However, Lucid has an advantage over other automakers: It isn't too reliant on third-party suppliers, because it builds its own battery packs and controls much of its production process.\n\nLooking at the big picture\nHoward Smith (Nio): Shares of Chinese EV maker Nio are down more than 30% year-to-date, and are 50% off January 2021 highs. The company was valued at close to $100 billion at those highs based on its potential and expected continued strong growth in the global electrification of transportation. But a semiconductor chip shortage hit the industry this year, and affected production for many automotive manufacturers.\n\nNio wasn't immune to that, and it contributed to the drop in shares that has the company's market cap now at about $54 billion. That's still richly valued considering the company has yet to be profitable, and a sharp drop in vehicle deliveries in the month of October spooked investors further. But this week, Nio reported its November delivery results, and that drop in valuation may make now a good time to buy Nio shares.\n\nNio reported a monthly record for vehicle deliveries in November. That helps to alleviate concerns over supply constraints, and verifies that much of the dip in October was due to an interruption in production as the company prepared to upgrade its manufacturing lines for higher volume and new products. A look at how Nio's monthly deliveries progressed throughout 2021 shows the growth pattern appears intact.\n\nThrough November 2021, Nio deliveries have increased more than 120% over the comparable period in 2020. But even the record November figure only represents about half of the production capacity the company is working toward. That expansion is scheduled to be complete in the spring of 2022, and the company believes there's plenty of demand to support that growth. Nio began exporting vehicles for the first time in July 2021 as it set up a presence in Norway. It expects to move into Germany next year too as it also launches several new products.\n\nWith that bigger-picture perspective, the decrease in the share price seen this year might make now a good time to buy for investors with patience and the appropriate risk tolerance.\n\nA great industry to invest in\nLucid and Nio are two of the better up-and-coming electric car growth stocks. Both companies have real competitive advantages that could take them far as developed economies transition away from the internal combustion engine to the electric motor. Investors that agree with the long-term thesis of each company could do well to pick up shares on sale, or take a more conservative approach with a basket of EV stocks.","news_type":1,"symbols_score_info":{"LCID":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":4915,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":601133127,"gmtCreate":1638496592294,"gmtModify":1638496592360,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"Not close to profiting soon","listText":"Not close to profiting soon","text":"Not close to profiting soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/601133127","repostId":"2188951783","repostType":2,"isVote":1,"tweetType":1,"viewCount":1206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603189726,"gmtCreate":1638373450175,"gmtModify":1638373792309,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"I SEA","listText":"I SEA","text":"I SEA","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/603189726","repostId":"1162714912","repostType":2,"isVote":1,"tweetType":1,"viewCount":1098,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600791688,"gmtCreate":1638196384942,"gmtModify":1638196385091,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"Rebound!!!","listText":"Rebound!!!","text":"Rebound!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/600791688","repostId":"1105707761","repostType":2,"repost":{"id":"1105707761","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1638196297,"share":"https://www.laohunote.com/m/news/1105707761?lang=zh_CN&edition=full","pubTime":"2021-11-29 22:31","market":"us","language":"en","title":"S&P 500 rebounds 1% from Friday’s omicron-induced sell-off, Dow gains 300 points<blockquote>标普500指数从周五 omicron 引发的抛售中反弹 1%，道指上涨 300 点</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105707761","media":"Tiger Newspress","summary":"Stocks rebounded on Monday following a major sell-off to end last week spurred by concerns about the","content":"<p>Stocks rebounded on Monday following a major sell-off to end last week spurred by concerns about the Covid omicron variant.</p><p><blockquote>由于对新冠病毒奥密克戎变种的担忧，上周末股市大幅抛售，周一股市反弹。</blockquote></p><p> The Dow Jones Industrial Average gained 368 points, or 1.1%. The S&amp;P 500 added 1.2%. The tech-focused Nasdaq Composite rose about 1.5%.</p><p><blockquote>道琼斯工业平均指数上涨 368 点，涨幅 1.1%。标普500上涨1.2%。以科技股为主的纳斯达克综合指数上涨约 1.5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ca9068df34a314b502fcb01917f6d34d\" tg-width=\"1033\" tg-height=\"421\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Stocks that were the hardest hit on Friday were rebounding the most on Monday.</p><p><blockquote>周五遭受重创的股票周一反弹幅度最大。</blockquote></p><p> Travel related names were up across the board. Carnival Corp. and Norwegian Cruise Lines were up more than 5% apiece. Royal Caribbean popped 6.5%. Airline stocks also charged higher with United Airlines up 3%, and Delta Airline and American Airline gaining about 1% each. Online travel booker Booking Holdings rose 2%.</p><p><blockquote>与旅行相关的名字随处可见。嘉年华公司 (Carnival Corp.) 和挪威邮轮公司 (Norwegian Cruise Lines) 均上涨超过 5%。皇家加勒比上涨 6.5%。航空股也上涨，联合航空上涨 3%，达美航空和美国航空各上涨约 1%。在线旅游预订商 Booking Holdings 上涨 2%。</blockquote></p><p> One stock that continued its Friday trend was Moderna. The vaccine maker’s stock was up another 10%&nbsp;after jumping 20% on Friday.</p><p><blockquote>Moderna 是一只延续周五趋势的股票。这家疫苗制造商的股价继周五大涨 20% 后又上涨了 10%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 rebounds 1% from Friday’s omicron-induced sell-off, Dow gains 300 points<blockquote>标普500指数从周五 omicron 引发的抛售中反弹 1%，道指上涨 300 点</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 rebounds 1% from Friday’s omicron-induced sell-off, Dow gains 300 points<blockquote>标普500指数从周五 omicron 引发的抛售中反弹 1%，道指上涨 300 点</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-29 22:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Stocks rebounded on Monday following a major sell-off to end last week spurred by concerns about the Covid omicron variant.</p><p><blockquote>由于对新冠病毒奥密克戎变种的担忧，上周末股市大幅抛售，周一股市反弹。</blockquote></p><p> The Dow Jones Industrial Average gained 368 points, or 1.1%. The S&amp;P 500 added 1.2%. The tech-focused Nasdaq Composite rose about 1.5%.</p><p><blockquote>道琼斯工业平均指数上涨 368 点，涨幅 1.1%。标普500上涨1.2%。以科技股为主的纳斯达克综合指数上涨约 1.5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ca9068df34a314b502fcb01917f6d34d\" tg-width=\"1033\" tg-height=\"421\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Stocks that were the hardest hit on Friday were rebounding the most on Monday.</p><p><blockquote>周五遭受重创的股票周一反弹幅度最大。</blockquote></p><p> Travel related names were up across the board. Carnival Corp. and Norwegian Cruise Lines were up more than 5% apiece. Royal Caribbean popped 6.5%. Airline stocks also charged higher with United Airlines up 3%, and Delta Airline and American Airline gaining about 1% each. Online travel booker Booking Holdings rose 2%.</p><p><blockquote>与旅行相关的名字随处可见。嘉年华公司 (Carnival Corp.) 和挪威邮轮公司 (Norwegian Cruise Lines) 均上涨超过 5%。皇家加勒比上涨 6.5%。航空股也上涨，联合航空上涨 3%，达美航空和美国航空各上涨约 1%。在线旅游预订商 Booking Holdings 上涨 2%。</blockquote></p><p> One stock that continued its Friday trend was Moderna. The vaccine maker’s stock was up another 10%&nbsp;after jumping 20% on Friday.</p><p><blockquote>Moderna 是一只延续周五趋势的股票。这家疫苗制造商的股价继周五大涨 20% 后又上涨了 10%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105707761","content_text":"Stocks rebounded on Monday following a major sell-off to end last week spurred by concerns about the Covid omicron variant.\nThe Dow Jones Industrial Average gained 368 points, or 1.1%. The S&P 500 added 1.2%. The tech-focused Nasdaq Composite rose about 1.5%.\n\nStocks that were the hardest hit on Friday were rebounding the most on Monday.\nTravel related names were up across the board. Carnival Corp. and Norwegian Cruise Lines were up more than 5% apiece. Royal Caribbean popped 6.5%. Airline stocks also charged higher with United Airlines up 3%, and Delta Airline and American Airline gaining about 1% each. Online travel booker Booking Holdings rose 2%.\nOne stock that continued its Friday trend was Moderna. The vaccine maker’s stock was up another 10% after jumping 20% on Friday.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1343,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875263385,"gmtCreate":1637658699041,"gmtModify":1637658770054,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"[Cry]&nbsp;","listText":"[Cry]&nbsp;","text":"[Cry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875263385","repostId":"2185080784","repostType":2,"isVote":1,"tweetType":1,"viewCount":1136,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872760756,"gmtCreate":1637575698929,"gmtModify":1637575757379,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/872760756","repostId":"1128543869","repostType":2,"repost":{"id":"1128543869","kind":"news","pubTimestamp":1637570880,"share":"https://www.laohunote.com/m/news/1128543869?lang=zh_CN&edition=full","pubTime":"2021-11-22 16:48","market":"us","language":"en","title":"Grab expands partnership with McDonald’s Singapore<blockquote>Grab 扩大与新加坡麦当劳的合作伙伴关系</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1128543869","media":"Marketwatch","summary":"Grab Holdings Inc. is expanding its partnership with McDonald’s Singapore to cover payment, logistic","content":"<p>Grab Holdings Inc. is expanding its partnership with McDonald’s Singapore to cover payment, logistics and advertising in addition to food delivery, the latest move by the Southeast Asian tech giant to explore growth opportunities beyond its more mature delivery and ride-hailing businesses.</p><p><blockquote>Grab Holdings Inc. Grab Holdings Inc. 这是这家东南亚科技巨头为探索其更成熟的外卖和打车业务以外的增长机会而采取的最新举措。</blockquote></p><p> Under the new partnership, consumers can pay with Grab’s digital wallet at McDonald’s&nbsp;Singapore stores, as well as the restaurant chain’s app and website. Grab will also provide logistics services to McDonald’s in-house food deliveries, and the two plan to collaborate in advertising and marketing campaigns as well, they said in a joint statement on Monday.</p><p><blockquote>根据新的合作关系，消费者可以在麦当劳新加坡门店以及连锁餐厅的应用程序和网站上使用 Grab 的数字钱包进行支付。Grab 还将为麦当劳的内部食品配送提供物流服务，双方还计划在广告和营销活动方面进行合作，他们在周一的一份联合声明中表示。</blockquote></p><p> The latest cooperation extends the two companies’ collaboration in food delivery since 2018.</p><p><blockquote>最新的合作延续了两家公司自 2018 年以来在食品配送领域的合作。</blockquote></p><p> Grab, a Singapore-based super app operator, is set to go public on Nasdaq by merging with a special-purpose acquisition company. The deal, expected to be completed by the year-end, has valued Grab at nearly $40 billion, making it by far the biggest involving a blank-check company.</p><p><blockquote>总部位于新加坡的超级应用运营商Grab将通过与一家特殊目的收购公司合并在纳斯达克上市。该交易预计将于今年年底完成，对 Grab 的估值接近 400 亿美元，成为迄今为止涉及空白支票公司的最大一笔交易。</blockquote></p><p></p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab expands partnership with McDonald’s Singapore<blockquote>Grab 扩大与新加坡麦当劳的合作伙伴关系</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab expands partnership with McDonald’s Singapore<blockquote>Grab 扩大与新加坡麦当劳的合作伙伴关系</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-11-22 16:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Grab Holdings Inc. is expanding its partnership with McDonald’s Singapore to cover payment, logistics and advertising in addition to food delivery, the latest move by the Southeast Asian tech giant to explore growth opportunities beyond its more mature delivery and ride-hailing businesses.</p><p><blockquote>Grab Holdings Inc. Grab Holdings Inc. 这是这家东南亚科技巨头为探索其更成熟的外卖和打车业务以外的增长机会而采取的最新举措。</blockquote></p><p> Under the new partnership, consumers can pay with Grab’s digital wallet at McDonald’s&nbsp;Singapore stores, as well as the restaurant chain’s app and website. Grab will also provide logistics services to McDonald’s in-house food deliveries, and the two plan to collaborate in advertising and marketing campaigns as well, they said in a joint statement on Monday.</p><p><blockquote>根据新的合作关系，消费者可以在麦当劳新加坡门店以及连锁餐厅的应用程序和网站上使用 Grab 的数字钱包进行支付。Grab 还将为麦当劳的内部食品配送提供物流服务，双方还计划在广告和营销活动方面进行合作，他们在周一的一份联合声明中表示。</blockquote></p><p> The latest cooperation extends the two companies’ collaboration in food delivery since 2018.</p><p><blockquote>最新的合作延续了两家公司自 2018 年以来在食品配送领域的合作。</blockquote></p><p> Grab, a Singapore-based super app operator, is set to go public on Nasdaq by merging with a special-purpose acquisition company. The deal, expected to be completed by the year-end, has valued Grab at nearly $40 billion, making it by far the biggest involving a blank-check company.</p><p><blockquote>总部位于新加坡的超级应用运营商Grab将通过与一家特殊目的收购公司合并在纳斯达克上市。该交易预计将于今年年底完成，对 Grab 的估值接近 400 亿美元，成为迄今为止涉及空白支票公司的最大一笔交易。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/grab-expands-partnership-with-mcdonald-s-singapore-271637553605?siteid=yhoof2\">Marketwatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/grab-expands-partnership-with-mcdonald-s-singapore-271637553605?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1128543869","content_text":"Grab Holdings Inc. is expanding its partnership with McDonald’s Singapore to cover payment, logistics and advertising in addition to food delivery, the latest move by the Southeast Asian tech giant to explore growth opportunities beyond its more mature delivery and ride-hailing businesses.\nUnder the new partnership, consumers can pay with Grab’s digital wallet at McDonald’s Singapore stores, as well as the restaurant chain’s app and website. Grab will also provide logistics services to McDonald’s in-house food deliveries, and the two plan to collaborate in advertising and marketing campaigns as well, they said in a joint statement on Monday.\nThe latest cooperation extends the two companies’ collaboration in food delivery since 2018.\nGrab, a Singapore-based super app operator, is set to go public on Nasdaq by merging with a special-purpose acquisition company. The deal, expected to be completed by the year-end, has valued Grab at nearly $40 billion, making it by far the biggest involving a blank-check company.","news_type":1,"symbols_score_info":{"AGC":0.9}},"isVote":1,"tweetType":1,"viewCount":1411,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876303040,"gmtCreate":1637254986369,"gmtModify":1637254986466,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"Good read","listText":"Good read","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/876303040","repostId":"2184755851","repostType":2,"isVote":1,"tweetType":1,"viewCount":1026,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873937264,"gmtCreate":1636828509005,"gmtModify":1636828509185,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"This guy seems to be messing around sometimes&nbsp;","listText":"This guy seems to be messing around sometimes&nbsp;","text":"This guy seems to be messing around sometimes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/873937264","repostId":"1151602326","repostType":4,"isVote":1,"tweetType":1,"viewCount":878,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873937672,"gmtCreate":1636828476835,"gmtModify":1636828476835,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"Why did the stock drop","listText":"Why did the stock drop","text":"Why did the stock drop","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/873937672","repostId":"1129543601","repostType":4,"repost":{"id":"1129543601","kind":"news","pubTimestamp":1636770982,"share":"https://www.laohunote.com/m/news/1129543601?lang=zh_CN&edition=full","pubTime":"2021-11-13 10:36","market":"us","language":"en","title":"Palantir: Q3 Beat, Increased FCF, Raises Guidance But Sells Off Creating An Opportunity<blockquote>Palantir：第三季度超出预期，自由现金流增加，提高指引，但抛售创造机会</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129543601","media":"Seeking Alpha","summary":"Summary\n\nPalantir delivered revenue growth QoQ of 36% while generating $119 million in FCF creating ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Palantir delivered revenue growth QoQ of 36% while generating $119 million in FCF creating a 30% margin.</li>  <li>Palantir's commercial revenue increased 37%, and government revenue grew by 34% YoY in Q3 showing strong forward growth trends.</li>  <li>Palantir closed 54 deals in Q3 2021 with at least $1 million in contract value with 33 valued at $5+ million and 18 at $10+ million.</li>  <li>Palantir increases guidance again and expects 40% revenue growth YoY at $1.527 billion and $400 million in FCF up from the previous guidance increase of $300 million.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3fd5d395baf412802ef5e554f0efa64b\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Andreas Rentz/Getty Images Entertainment</span></p><p><blockquote><ul><li>Palantir 的收入环比增长 36%，同时产生 1.19 亿美元的自由现金流，利润率为 30%。</li><li>Palantir 第三季度商业收入增长 37%，政府收入同比增长 34%，显示出强劲的前瞻性增长趋势。</li><li>Palantir在2021年第三季度完成了54笔交易，合同价值至少为100万美元，其中33笔价值超过500万美元，18笔价值超过1000万美元。</li><li>Palantir 再次上调指引，预计收入同比增长 40%，达到 15.27 亿美元，自由现金流较之前的 3 亿美元增长 4 亿美元。</li></ul><p class=\"t-img-caption\"><span>安德烈亚斯·伦茨/盖蒂图片社娱乐</span></p></blockquote></p><p> Some investors love to hate Palantir (PLTR), which was nicknamed a black box company in the past, while others absolutely love it because they believe PLTR's software is the future. In my previous article on PLTR, I stated that based on PLTR's current revenue trend, they were setting up to deliver $399.41 million in revenue for Q3 and $423.22 million of revenue in Q4. The consensus number was $386.56 million of revenue in Q3, and PLTR delivered $392.1 million and forecasted $418 million in Q4 2021. The reaction in premarket as the earnings call was being conducted was nothing but a sea of red as PLTR sharply declined, and each time a gap tried to fill, the next leg on the downward spiral started. The news wasn't even digested, yet people decided to either take profits, exit their position or lost faith in PLTR.</p><p><blockquote>一些投资者喜欢讨厌 Palantir (PLTR)，该公司过去被戏称为黑盒公司，而另一些投资者则绝对喜欢它，因为他们相信 PLTR 的软件是未来。在我之前关于 PLTR 的文章中，我表示，根据 PLTR 目前的收入趋势，他们计划在第三季度实现 3.9941 亿美元的收入，在第四季度实现 4.2322 亿美元的收入。第三季度的共识数字是3.8656亿美元的收入，PLTR在2021年第四季度实现了3.921亿美元的收入，预计为4.18亿美元。随着 PLTR 大幅下跌，盘前市场的反应只不过是一片红海，每次试图填补缺口时，螺旋式下降的下一阶段就开始了。这个消息甚至还没有被消化，但人们决定要么获利了结，要么平仓，要么对 PLTR 失去信心。</blockquote></p><p> What wasn't there to like in the earnings release to cause the sell-off that has been hovering in the -9.03% range? PLTR delivered 36% YoY revenue growth, added 34 new customers in Q3, and closed 54 deals worth $1 million or more. PLTR increased their remaining deal value by 50% YoY to $3.6 billion and delivered $101 million in cash from operations (26% margin), and $199 million in free cash flow (30% margin). PLTR also increased guidance for 2021 as they now expect revenue growth of 40% YoY compared to their previous projection of 30% and increased their projection in FCF to $400 million from $300 million. In addition to the numbers, PLTR announced new product platforms and use cases that have tremendous potential to drive revenue and FCF in the future. I believe this sell-off will be short-lived and I am looking at it as a buying opportunity.</p><p><blockquote>财报发布有什么不妥之处导致抛售一直徘徊在-9.03%的范围内？PLTR 收入同比增长 36%，第三季度新增 34 名客户，并完成 54 笔价值 100 万美元或以上的交易。PLTR 的剩余交易价值同比增长 50%，达到 36 亿美元，并交付了 1.01 亿美元的运营现金（利润率为 26%）和 1.99 亿美元的自由现金流（利润率为 30%）。PLTR 还提高了 2021 年的指引，因为他们现在预计收入同比增长 40%，而之前预测为 30%，并将自由现金流的预测从 3 亿美元上调至 4 亿美元。除了这些数字之外，PLTR 还宣布了新的产品平台和用例，这些平台和用例在未来具有推动收入和自由现金流的巨大潜力。我相信这次抛售是短暂的，我将其视为买入机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8cfe1dd0e9b2c6a24ce3cb94bcfda56c\" tg-width=\"640\" tg-height=\"341\" width=\"100%\" height=\"auto\"><span>(Source: Seeking Alpha)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Seeking Alpha）</span></p></blockquote></p><p> <b>Palantir's revenue continues to expand on both the commercial and government side</b></p><p><blockquote><b>Palantir 的商业和政府收入持续增长</b></blockquote></p><p> Quarter after Quarter since PLTR went public, their commercial business has expanded. After five quarters of going public, PLTR's quarterly commercial revenue has increased by $62 million or 55.36%. In Q3 2021, PLTR delivered $174 million in revenue from its commercial operations, which accounted for 44.38% of its $392.1 million quarterly revenue. Over the previous two years, PLTR's Q3 revenue has increased by 85.11% as it grew by 35.11% in Q3 2020 YoY and by another 37.01% YoY in Q3 of 2021. PLTR's commercial remaining deal value increased by 101% YoY from $1.1 billion in Q3 2020 to $2.2 billion in Q3 2021. Commercial customers are inviting PLTR to present their software solutions, and PLTR is winning their business. In Q3 2021, PLTR added 34 net new customers increasing their commercial customer base by 20% QoQ to 203. Over the past year, PLTR has seen its commercial customer base expand by 46.04% as it has grown by 64 clients from 139 to 203. Anyone who still classifies PLTR as a black box is not being accurate as the commercial market is learning about PLTR's software platforms and implementing their solutions to improve their operations.</p><p><blockquote>自PLTR上市以来，他们的商业业务一个又一个季度地扩大。上市五个季度后，PLTR的季度商业收入增加了6200万美元，增幅达55.36%。2021 年第三季度，PLTR 的商业运营收入为 1.74 亿美元，占其季度收入 3.921 亿美元的 44.38%。过去两年，PLTR的第三季度收入增长了85.11%，2020年第三季度同比增长35.11%，2021年第三季度又同比增长37.01%。PLTR 的商业剩余交易价值同比增长 101%，从 2020 年第三季度的 11 亿美元增至 2021 年第三季度的 22 亿美元。商业客户正在邀请PLTR展示他们的软件解决方案，PLTR正在赢得他们的业务。2021 年第三季度，PLTR 净增 34 家新客户，商业客户群环比增长 20%，达到 203 家。过去一年，PLTR 的商业客户群增长了 46.04%，客户数量从 139 家增加到 203 家，增加了 64 家。任何仍然将 PLTR 归类为黑匣子的人都是不准确的，因为商业市场正在了解 PLTR 的软件平台并实施其解决方案以改善运营。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa4084630f4e4be30a41c925c5a3fd0a\" tg-width=\"640\" tg-height=\"374\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：Palantir）</span></p></blockquote></p><p> Since Q1 of 2020, PLTR has increased its quarterly revenue by $163.1 million (71.23%) at an average quarterly growth rate of 9.43% QoQ. In Q3 of 2021, this trend stayed intact as revenue increased by $16.1 million QoQ or 4.28%. While the quarterly revenue growth slowed a bit QoQ compared to 10.26% in Q2 2021, PLTR is projecting its Q4 2021 revenue will be $418 million. PLTR is expecting to deliver another company record and generate $25.9 million (6.61%) in QoQ growth to close out the year.</p><p><blockquote>自2020年Q1以来，PLTR的季度收入增加了1.631亿美元（71.23%），平均季度增长率为9.43%。2021 年第三季度，这一趋势保持不变，收入环比增长 1610 万美元，增幅为 4.28%。虽然与 2021 年第二季度的 10.26% 相比，季度收入增长环比略有放缓，但 PLTR 预计其 2021 年第四季度收入将为 4.18 亿美元。PLTR 预计将创造另一项公司纪录，并在年底实现 2590 万美元 (6.61%) 的环比增长。</blockquote></p><p></p><p> The same growth story applies to their total revenue in the trailing twelve months (TTM) as well. Over the last six quarters, PLTR's TTM revenue has increased by $620.6 million (76.55%) from $810.6 million to $1.43 billion. On average, PLTR's TTM revenue growth has increased by $103.42 million (9.94%) QoQ. In Q1 2020 - Q3 2020, their average QoQ revenue growth was $94.03 million, and this has increased substantially as the past three quarters have all increased by at least $105 million QoQ. In Q3 2021, PLTR increased its TTM revenue to $1.43 billion as it added $106.8 million (8.06%) in QoQ revenue growth. Just like the quarterly metric, PLTR's TTM is expected to grow QoQ by an additional $95.9 million to $1.527 billion compared to $1.51 billion in the consensus estimate. This would place PLTR's annual revenue growth YoY well ahead of their 30% projection as they would finish 2021 having increased its revenue by $434.30 million (39.75%)</p><p><blockquote>同样的增长故事也适用于他们过去12个月的总收入（TTM）。过去六个季度，PLTR 的 TTM 收入增加了 6.206 亿美元（76.55%），从 8.106 亿美元增至 14.3 亿美元。平均而言，PLTR 的 TTM 收入增长环比增长 1.0342 亿美元（9.94%）。在2020年第一季度至2020年第三季度，他们的平均环比收入增长为9403万美元，这一数字大幅增长，因为过去三个季度的环比收入都至少增长了1.05亿美元。2021 年第三季度，PLTR 的 TTM 收入增至 14.3 亿美元，环比收入增长 1.068 亿美元（8.06%）。与季度指标一样，PLTR 的 TTM 预计将环比额外增长 9590 万美元，达到 15.27 亿美元，而市场普遍预期为 15.1 亿美元。这将使 PLTR 的年收入同比增长远远超过 30% 的预测，因为到 2021 年，他们的收入将增加 4.3430 亿美元 (39.75%)</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b0ec6211d7ecb04785f406c7661c9124\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：Palantir）</span></p></blockquote></p><p> I am shocked PLTR is still in the red. PLTR is a high-growth company that is now FCF positive and expanding its metrics. In the first nine months of 2020, PLTR generated -$285 million in FCF, and at the end of the first nine months of 2021, PLTR has delivered a $605 million swing as it has produced $320 million in FCF YTD. PLTR previously increased their 2021 FCF guidance to $300, and they just increased it again to $400+ million. In the span of three months, PLTR increased its FCF projection by an additional 33.33%. In Q3, PLTR's FCF margin was 30%, and they are projecting $400+ million in FCF for 2021. At the very minimum, this would mean they will tack on an additional $80 million in FCF for 2021. If PLTR delivers $1.527 billion in revenue and $400 million in FCF, its 2021 FCF margin would be 26.2%. PLTR is still projecting 30% annual revenue growth YoY thru 2025, which would place their 2025 revenue at $4.36 billion based on their projection of $1.527 for 2021. At PLTR's current FCF margin, they would generate $1.14 billion in FCF in 2025. Considering PLTR's current trends, if they exceeded their projections and grew at 35% YoY, it would place their 2025 revenue at $5.07 billion. At their current FCF margin, they would then generate $1.33 billion in FCF in 2025.</p><p><blockquote>我很震惊PLTR仍然处于亏损状态。PLTR 是一家高增长公司，目前 FCF 为正，并正在扩大其指标。在 2020 年前 9 个月，PLTR 产生了 2.85 亿美元的自由现金流，在 2021 年前 9 个月末，PLTR 交付了 6.05 亿美元的波动，年初至今已产生 3.2 亿美元的自由现金流。PLTR 此前将 2021 年自由现金流指引提高到 300 美元，现在又将其再次提高到 4 亿多美元。在三个月的时间里，PLTR将其自由现金流预测额外增加了33.33%。第三季度，PLTR 的自由现金流利润率为 30%，他们预计 2021 年自由现金流利润率将超过 4 亿美元。至少，这意味着他们将在 2021 年额外增加 8000 万美元的自由现金流。如果 PLTR 实现 15.27 亿美元的收入和 4 亿美元的自由现金流，其 2021 年自由现金流利润率将为 26.2%。PLTR 仍预计到 2025 年年收入同比增长 30%，基于 2021 年 1527 美元的预测，他们 2025 年收入将达到 43.6 亿美元。按照 PLTR 目前的自由现金流利润率，他们将在 2025 年产生 11.4 亿美元的自由现金流。考虑到 PLTR 目前的趋势，如果他们超出预期并同比增长 35%，那么他们 2025 年收入将达到 50.7 亿美元。按照目前的自由现金流利润率，到 2025 年，他们将产生 13.3 亿美元的自由现金流。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87cff0d5c5ef70ea6926a1323c77bfe4\" tg-width=\"640\" tg-height=\"306\" width=\"100%\" height=\"auto\"><span>(Source: PLTR)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（资料来源：PLTR）</span></p></blockquote></p><p> PLTR is firing on all cylinders. YoY, their Q3 revenue grew by 36%, they raised guidance on their FCF for a 2nd time from $300 million to $400+ million and have increased their annual revenue growth guidance from 30% to roughly 40%. PLTR is still maintaining its future revenue outlook of 30% annually YoY and is creating some impressive margins. PLTR's commercial revenue grew YoY by 37%, and their government revenue grew by 34% YoY in Q3. PLTR closed at least 54 deals worth at least $1 million during Q3, and 33 of those were at least $5 million in revenue, and 18 were at least $10 million in revenue. PLTR's growth metrics are impressive, and I am expecting them to under promise and over deliver going forward.</p><p><blockquote>PLTR正在全力以赴。同比，他们的第三季度收入增长了 36%，他们第二次将自由现金流的指导从 3 亿美元提高到 4 亿多美元，并将年收入增长指导从 30% 提高到约 40%。PLTR 仍维持其未来同比增长 30% 的收入前景，并创造了一些令人印象深刻的利润率。PLTR 第三季度商业收入同比增长 37%，政府收入同比增长 34%。PLTR 在第三季度完成了至少 54 笔价值至少 100 万美元的交易，其中 33 笔收入至少为 500 万美元，18 笔收入至少为 1000 万美元。PLTR 的增长指标令人印象深刻，我预计他们未来将低于承诺并超额完成。</blockquote></p><p> <b>Palantir is entering two new sectors that are going to be huge, carbon emissions, and crypto</b></p><p><blockquote><b>Palantir 正在进入两个巨大的新领域：碳排放和加密货币</b></blockquote></p><p> In the past, I have written about future opportunities with the government, Amazon(NASDAQ:AMZN), and International Business Machines(NYSE:IBM). On today's earnings call, PLTR introduced significant information surrounding two new products they will be offering for carbon emissions and crypto.</p><p><blockquote>过去，我写过关于政府、亚马逊（纳斯达克股票代码：AMZN）和国际商业机器公司（纽约证券交易所股票代码：IBM）未来机会的文章。在今天的财报看涨期权上，PLTR 介绍了有关他们将为碳排放和加密提供的两种新产品的重要信息。</blockquote></p><p></p><p> There has been a fundamental shift in the USA over climate, and President Biden rejoined the Paris Agreement to reengage in tackling climate change. Part ofthe planis to reach a net-zero emission economy-wide by 2050. Recently President Biden at the United Nations climate summit in Glasgow, Scotland, pledged to work with the European Union and dozens of other nations to reduce overall methane emissions worldwide by 30% by 2030. No matter what your stance on climate is, there are many who believe we need to lower emissions, and many nations are working on a goal. To comply, companies such as&nbsp;Exxon Mobil(NYSE:XOM)&nbsp;are conducting longer-term research on several promising innovations with outside organizations, including direct air capture technology to&nbsp;scrub emissions out of the air&nbsp;and carbonate fuel cells&nbsp;to capture industrial emissions&nbsp;from flue gas streams of power plants or manufacturing facilities. Carbon emissions management is already a booming business, and PLTR is creating a module on Foundry to present a single pane to view revenue, margin, production, and all emissions so companies can manage outcomes more efficiently. Personally, I believe this has enormous potential to drive revenue for PLTR in the future.</p><p><blockquote>美国在气候问题上发生了根本性的转变，拜登总统重新加入了《巴黎协定》，重新参与应对气候变化。到2050年实现整个经济净零排放计划的一部分。最近，拜登总统在苏格兰格拉斯哥举行的联合国气候峰会上承诺，将与欧盟和其他数十个国家合作，到2030年将全球甲烷排放总量减少30%。无论你对气候的立场是什么，都有许多人认为我们需要降低排放，许多国家正在努力实现一个目标。为了遵守规定，埃克森美孚（纽约证券交易所股票代码：XOM）等公司正在与外部组织一起对几项有前途的创新进行长期研究，包括用于清除空气中排放物的直接空气捕获技术和用于捕获工业排放物的碳酸盐燃料电池来自发电厂或制造设施的烟气流。碳排放管理已经是一项蓬勃发展的业务，PLTR 正在 Foundry 上创建一个模块，以显示单个窗格来查看收入、利润率、产量和所有排放，以便公司可以更有效地管理结果。就我个人而言，我相信这对于推动 PLTR 未来的收入具有巨大的潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2386d938e7f452a340dbb130de508f6\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>(Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Palantir）</span></p></blockquote></p><p> The second huge prospect that PLTR discussed was Foundry for crypto. It looks like PLTR is leveraging their anti-money laundering and know-your-customer expertise. PLTR has worked with several governments over the years to find compliance issues with the world's largest banks and help those banks respond and strengthen their compliance programs. This makes complete sense, and when you go back to the contracts, PLTR has been awarded from the IRS and SEC (discussed in previous articles). In Q3 alone, PLTR inked 6 contracts with the IRS. If I had to guess, PLTR's software would be utilized by the IRS and the SEC on the government side and adopted on the commercial side by banks and crypto exchanges. Currently, in the past 24 hours,Coinbase(NASDAQ:COIN)&nbsp;is showing that Bitcoin (BTC-USD) has incurred a trading volume of $43.8 billion. I think PLTR will end up driving future revenue from both government and commercial contracts from its Foundry for Crypto.</p><p><blockquote>PLTR讨论的第二个巨大前景是加密铸造。看起来PLTR正在利用他们的反洗钱和了解客户的专业知识。多年来，PLTR 与多个政府合作，发现全球最大银行的合规问题，并帮助这些银行做出回应并加强其合规计划。这是完全有道理的，当你回到合同时，PLTR已经被美国国税局和美国证券交易委员会授予了（在以前的文章中讨论过）。仅在第三季度，PLTR 就与美国国税局签署了 6 份合同。如果让我猜的话，PLTR的软件会被政府方面的国税局和美国证券交易委员会使用，并被银行和加密货币交易所采用。目前，在过去24小时内，比特币基地（纳斯达克股票代码：COIN）显示比特币（BTC-USD）的交易量为438亿美元。我认为 PLTR 最终将推动其加密货币代工厂的政府和商业合同的未来收入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/53c762e27799c80dbaa9914bb98a6a10\" tg-width=\"624\" tg-height=\"234\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Federal Procurement Database)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（资料来源：Steven Fiorillo）（数据来源：联邦采购数据库）</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/005d57c6c5c926b35eac100fa35c7415\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>(Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Palantir）</span></p></blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> PLTR has become another statistic of the market misunderstanding its earnings and selling the news when the news was great. What more does anyone want PLTR to do? This was an excellent quarter with revenue increasing 36% YoY in Q3, FCF came in at $119 million with a 30% margin, and PLTR closed 54 deals worth more than $1 million each. PLTR beats revenue estimates, increases guidance for its full-year revenue than for the 2nd time, increases its FCF guidance. This was a sell the news on all positive factors, which is creating a buying opportunity. I am staying long on PLTR and plan to add to my position if the sell-off continues.</p><p><blockquote>PLTR已经成为市场误解其盈利并在消息大好时抛售消息的又一统计数据。还有人希望PLTR做什么？这是一个出色的季度，第三季度收入同比增长 36%，FCF 达到 1.19 亿美元，利润率为 30%，PLTR 完成了 54 笔交易，每笔交易价值超过 100 万美元。PLTR 超出收入预期，第二次上调全年收入指引，上调自由现金流指引。这是一个关于所有积极因素的卖出消息，这创造了一个买入机会。我将长期持有 PLTR，并计划如果抛售继续的话加仓。</blockquote></p><p> <b>Seeking Alpha Marketplace</b></p><p><blockquote><b>寻求阿尔法市场</b></blockquote></p><p> I will be launching a subscription service called Barbell Capital on the Seeking Alpha Marketplace. Barbell Capital will provide exclusive research, model portfolios, investment tools, Q&amp;A sessions, watchlists, and additional features for its members. I will also have a live portfolio dedicated to generating capital from trading, selling puts and selling covered calls. The profits will be allocated to future capital appreciating investments and investing in dividend investments to generate income while we sleep.</p><p><blockquote>我将在Seeking Alpha市场上推出一项名为Barbell Capital的订阅服务。杠铃资本将为其成员提供独家研究、模型投资组合、投资工具、问答会议、观察列表和附加功能。我还将有一个实时投资组合，专门用于通过交易、出售看跌期权和出售备兑评级来产生资本。利润将被分配到未来的资本增值投资和股息投资中，以便在我们睡觉时产生收入。</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>Palantir: Q3 Beat, Increased FCF, Raises Guidance But Sells Off Creating An Opportunity<blockquote>Palantir：第三季度超出预期，自由现金流增加，提高指引，但抛售创造机会</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\">\nPalantir: Q3 Beat, Increased FCF, Raises Guidance But Sells Off Creating An Opportunity<blockquote>Palantir：第三季度超出预期，自由现金流增加，提高指引，但抛售创造机会</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-11-13 10:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Palantir delivered revenue growth QoQ of 36% while generating $119 million in FCF creating a 30% margin.</li>  <li>Palantir's commercial revenue increased 37%, and government revenue grew by 34% YoY in Q3 showing strong forward growth trends.</li>  <li>Palantir closed 54 deals in Q3 2021 with at least $1 million in contract value with 33 valued at $5+ million and 18 at $10+ million.</li>  <li>Palantir increases guidance again and expects 40% revenue growth YoY at $1.527 billion and $400 million in FCF up from the previous guidance increase of $300 million.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3fd5d395baf412802ef5e554f0efa64b\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Andreas Rentz/Getty Images Entertainment</span></p><p><blockquote><ul><li>Palantir 的收入环比增长 36%，同时产生 1.19 亿美元的自由现金流，利润率为 30%。</li><li>Palantir 第三季度商业收入增长 37%，政府收入同比增长 34%，显示出强劲的前瞻性增长趋势。</li><li>Palantir在2021年第三季度完成了54笔交易，合同价值至少为100万美元，其中33笔价值超过500万美元，18笔价值超过1000万美元。</li><li>Palantir 再次上调指引，预计收入同比增长 40%，达到 15.27 亿美元，自由现金流较之前的 3 亿美元增长 4 亿美元。</li></ul><p class=\"t-img-caption\"><span>安德烈亚斯·伦茨/盖蒂图片社娱乐</span></p></blockquote></p><p> Some investors love to hate Palantir (PLTR), which was nicknamed a black box company in the past, while others absolutely love it because they believe PLTR's software is the future. In my previous article on PLTR, I stated that based on PLTR's current revenue trend, they were setting up to deliver $399.41 million in revenue for Q3 and $423.22 million of revenue in Q4. The consensus number was $386.56 million of revenue in Q3, and PLTR delivered $392.1 million and forecasted $418 million in Q4 2021. The reaction in premarket as the earnings call was being conducted was nothing but a sea of red as PLTR sharply declined, and each time a gap tried to fill, the next leg on the downward spiral started. The news wasn't even digested, yet people decided to either take profits, exit their position or lost faith in PLTR.</p><p><blockquote>一些投资者喜欢讨厌 Palantir (PLTR)，该公司过去被戏称为黑盒公司，而另一些投资者则绝对喜欢它，因为他们相信 PLTR 的软件是未来。在我之前关于 PLTR 的文章中，我表示，根据 PLTR 目前的收入趋势，他们计划在第三季度实现 3.9941 亿美元的收入，在第四季度实现 4.2322 亿美元的收入。第三季度的共识数字是3.8656亿美元的收入，PLTR在2021年第四季度实现了3.921亿美元的收入，预计为4.18亿美元。随着 PLTR 大幅下跌，盘前市场的反应只不过是一片红海，每次试图填补缺口时，螺旋式下降的下一阶段就开始了。这个消息甚至还没有被消化，但人们决定要么获利了结，要么平仓，要么对 PLTR 失去信心。</blockquote></p><p> What wasn't there to like in the earnings release to cause the sell-off that has been hovering in the -9.03% range? PLTR delivered 36% YoY revenue growth, added 34 new customers in Q3, and closed 54 deals worth $1 million or more. PLTR increased their remaining deal value by 50% YoY to $3.6 billion and delivered $101 million in cash from operations (26% margin), and $199 million in free cash flow (30% margin). PLTR also increased guidance for 2021 as they now expect revenue growth of 40% YoY compared to their previous projection of 30% and increased their projection in FCF to $400 million from $300 million. In addition to the numbers, PLTR announced new product platforms and use cases that have tremendous potential to drive revenue and FCF in the future. I believe this sell-off will be short-lived and I am looking at it as a buying opportunity.</p><p><blockquote>财报发布有什么不妥之处导致抛售一直徘徊在-9.03%的范围内？PLTR 收入同比增长 36%，第三季度新增 34 名客户，并完成 54 笔价值 100 万美元或以上的交易。PLTR 的剩余交易价值同比增长 50%，达到 36 亿美元，并交付了 1.01 亿美元的运营现金（利润率为 26%）和 1.99 亿美元的自由现金流（利润率为 30%）。PLTR 还提高了 2021 年的指引，因为他们现在预计收入同比增长 40%，而之前预测为 30%，并将自由现金流的预测从 3 亿美元上调至 4 亿美元。除了这些数字之外，PLTR 还宣布了新的产品平台和用例，这些平台和用例在未来具有推动收入和自由现金流的巨大潜力。我相信这次抛售是短暂的，我将其视为买入机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8cfe1dd0e9b2c6a24ce3cb94bcfda56c\" tg-width=\"640\" tg-height=\"341\" width=\"100%\" height=\"auto\"><span>(Source: Seeking Alpha)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Seeking Alpha）</span></p></blockquote></p><p> <b>Palantir's revenue continues to expand on both the commercial and government side</b></p><p><blockquote><b>Palantir 的商业和政府收入持续增长</b></blockquote></p><p> Quarter after Quarter since PLTR went public, their commercial business has expanded. After five quarters of going public, PLTR's quarterly commercial revenue has increased by $62 million or 55.36%. In Q3 2021, PLTR delivered $174 million in revenue from its commercial operations, which accounted for 44.38% of its $392.1 million quarterly revenue. Over the previous two years, PLTR's Q3 revenue has increased by 85.11% as it grew by 35.11% in Q3 2020 YoY and by another 37.01% YoY in Q3 of 2021. PLTR's commercial remaining deal value increased by 101% YoY from $1.1 billion in Q3 2020 to $2.2 billion in Q3 2021. Commercial customers are inviting PLTR to present their software solutions, and PLTR is winning their business. In Q3 2021, PLTR added 34 net new customers increasing their commercial customer base by 20% QoQ to 203. Over the past year, PLTR has seen its commercial customer base expand by 46.04% as it has grown by 64 clients from 139 to 203. Anyone who still classifies PLTR as a black box is not being accurate as the commercial market is learning about PLTR's software platforms and implementing their solutions to improve their operations.</p><p><blockquote>自PLTR上市以来，他们的商业业务一个又一个季度地扩大。上市五个季度后，PLTR的季度商业收入增加了6200万美元，增幅达55.36%。2021 年第三季度，PLTR 的商业运营收入为 1.74 亿美元，占其季度收入 3.921 亿美元的 44.38%。过去两年，PLTR的第三季度收入增长了85.11%，2020年第三季度同比增长35.11%，2021年第三季度又同比增长37.01%。PLTR 的商业剩余交易价值同比增长 101%，从 2020 年第三季度的 11 亿美元增至 2021 年第三季度的 22 亿美元。商业客户正在邀请PLTR展示他们的软件解决方案，PLTR正在赢得他们的业务。2021 年第三季度，PLTR 净增 34 家新客户，商业客户群环比增长 20%，达到 203 家。过去一年，PLTR 的商业客户群增长了 46.04%，客户数量从 139 家增加到 203 家，增加了 64 家。任何仍然将 PLTR 归类为黑匣子的人都是不准确的，因为商业市场正在了解 PLTR 的软件平台并实施其解决方案以改善运营。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa4084630f4e4be30a41c925c5a3fd0a\" tg-width=\"640\" tg-height=\"374\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：Palantir）</span></p></blockquote></p><p> Since Q1 of 2020, PLTR has increased its quarterly revenue by $163.1 million (71.23%) at an average quarterly growth rate of 9.43% QoQ. In Q3 of 2021, this trend stayed intact as revenue increased by $16.1 million QoQ or 4.28%. While the quarterly revenue growth slowed a bit QoQ compared to 10.26% in Q2 2021, PLTR is projecting its Q4 2021 revenue will be $418 million. PLTR is expecting to deliver another company record and generate $25.9 million (6.61%) in QoQ growth to close out the year.</p><p><blockquote>自2020年Q1以来，PLTR的季度收入增加了1.631亿美元（71.23%），平均季度增长率为9.43%。2021 年第三季度，这一趋势保持不变，收入环比增长 1610 万美元，增幅为 4.28%。虽然与 2021 年第二季度的 10.26% 相比，季度收入增长环比略有放缓，但 PLTR 预计其 2021 年第四季度收入将为 4.18 亿美元。PLTR 预计将创造另一项公司纪录，并在年底实现 2590 万美元 (6.61%) 的环比增长。</blockquote></p><p></p><p> The same growth story applies to their total revenue in the trailing twelve months (TTM) as well. Over the last six quarters, PLTR's TTM revenue has increased by $620.6 million (76.55%) from $810.6 million to $1.43 billion. On average, PLTR's TTM revenue growth has increased by $103.42 million (9.94%) QoQ. In Q1 2020 - Q3 2020, their average QoQ revenue growth was $94.03 million, and this has increased substantially as the past three quarters have all increased by at least $105 million QoQ. In Q3 2021, PLTR increased its TTM revenue to $1.43 billion as it added $106.8 million (8.06%) in QoQ revenue growth. Just like the quarterly metric, PLTR's TTM is expected to grow QoQ by an additional $95.9 million to $1.527 billion compared to $1.51 billion in the consensus estimate. This would place PLTR's annual revenue growth YoY well ahead of their 30% projection as they would finish 2021 having increased its revenue by $434.30 million (39.75%)</p><p><blockquote>同样的增长故事也适用于他们过去12个月的总收入（TTM）。过去六个季度，PLTR 的 TTM 收入增加了 6.206 亿美元（76.55%），从 8.106 亿美元增至 14.3 亿美元。平均而言，PLTR 的 TTM 收入增长环比增长 1.0342 亿美元（9.94%）。在2020年第一季度至2020年第三季度，他们的平均环比收入增长为9403万美元，这一数字大幅增长，因为过去三个季度的环比收入都至少增长了1.05亿美元。2021 年第三季度，PLTR 的 TTM 收入增至 14.3 亿美元，环比收入增长 1.068 亿美元（8.06%）。与季度指标一样，PLTR 的 TTM 预计将环比额外增长 9590 万美元，达到 15.27 亿美元，而市场普遍预期为 15.1 亿美元。这将使 PLTR 的年收入同比增长远远超过 30% 的预测，因为到 2021 年，他们的收入将增加 4.3430 亿美元 (39.75%)</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b0ec6211d7ecb04785f406c7661c9124\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：Palantir）</span></p></blockquote></p><p> I am shocked PLTR is still in the red. PLTR is a high-growth company that is now FCF positive and expanding its metrics. In the first nine months of 2020, PLTR generated -$285 million in FCF, and at the end of the first nine months of 2021, PLTR has delivered a $605 million swing as it has produced $320 million in FCF YTD. PLTR previously increased their 2021 FCF guidance to $300, and they just increased it again to $400+ million. In the span of three months, PLTR increased its FCF projection by an additional 33.33%. In Q3, PLTR's FCF margin was 30%, and they are projecting $400+ million in FCF for 2021. At the very minimum, this would mean they will tack on an additional $80 million in FCF for 2021. If PLTR delivers $1.527 billion in revenue and $400 million in FCF, its 2021 FCF margin would be 26.2%. PLTR is still projecting 30% annual revenue growth YoY thru 2025, which would place their 2025 revenue at $4.36 billion based on their projection of $1.527 for 2021. At PLTR's current FCF margin, they would generate $1.14 billion in FCF in 2025. Considering PLTR's current trends, if they exceeded their projections and grew at 35% YoY, it would place their 2025 revenue at $5.07 billion. At their current FCF margin, they would then generate $1.33 billion in FCF in 2025.</p><p><blockquote>我很震惊PLTR仍然处于亏损状态。PLTR 是一家高增长公司，目前 FCF 为正，并正在扩大其指标。在 2020 年前 9 个月，PLTR 产生了 2.85 亿美元的自由现金流，在 2021 年前 9 个月末，PLTR 交付了 6.05 亿美元的波动，年初至今已产生 3.2 亿美元的自由现金流。PLTR 此前将 2021 年自由现金流指引提高到 300 美元，现在又将其再次提高到 4 亿多美元。在三个月的时间里，PLTR将其自由现金流预测额外增加了33.33%。第三季度，PLTR 的自由现金流利润率为 30%，他们预计 2021 年自由现金流利润率将超过 4 亿美元。至少，这意味着他们将在 2021 年额外增加 8000 万美元的自由现金流。如果 PLTR 实现 15.27 亿美元的收入和 4 亿美元的自由现金流，其 2021 年自由现金流利润率将为 26.2%。PLTR 仍预计到 2025 年年收入同比增长 30%，基于 2021 年 1527 美元的预测，他们 2025 年收入将达到 43.6 亿美元。按照 PLTR 目前的自由现金流利润率，他们将在 2025 年产生 11.4 亿美元的自由现金流。考虑到 PLTR 目前的趋势，如果他们超出预期并同比增长 35%，那么他们 2025 年收入将达到 50.7 亿美元。按照目前的自由现金流利润率，到 2025 年，他们将产生 13.3 亿美元的自由现金流。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87cff0d5c5ef70ea6926a1323c77bfe4\" tg-width=\"640\" tg-height=\"306\" width=\"100%\" height=\"auto\"><span>(Source: PLTR)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（资料来源：PLTR）</span></p></blockquote></p><p> PLTR is firing on all cylinders. YoY, their Q3 revenue grew by 36%, they raised guidance on their FCF for a 2nd time from $300 million to $400+ million and have increased their annual revenue growth guidance from 30% to roughly 40%. PLTR is still maintaining its future revenue outlook of 30% annually YoY and is creating some impressive margins. PLTR's commercial revenue grew YoY by 37%, and their government revenue grew by 34% YoY in Q3. PLTR closed at least 54 deals worth at least $1 million during Q3, and 33 of those were at least $5 million in revenue, and 18 were at least $10 million in revenue. PLTR's growth metrics are impressive, and I am expecting them to under promise and over deliver going forward.</p><p><blockquote>PLTR正在全力以赴。同比，他们的第三季度收入增长了 36%，他们第二次将自由现金流的指导从 3 亿美元提高到 4 亿多美元，并将年收入增长指导从 30% 提高到约 40%。PLTR 仍维持其未来同比增长 30% 的收入前景，并创造了一些令人印象深刻的利润率。PLTR 第三季度商业收入同比增长 37%，政府收入同比增长 34%。PLTR 在第三季度完成了至少 54 笔价值至少 100 万美元的交易，其中 33 笔收入至少为 500 万美元，18 笔收入至少为 1000 万美元。PLTR 的增长指标令人印象深刻，我预计他们未来将低于承诺并超额完成。</blockquote></p><p> <b>Palantir is entering two new sectors that are going to be huge, carbon emissions, and crypto</b></p><p><blockquote><b>Palantir 正在进入两个巨大的新领域：碳排放和加密货币</b></blockquote></p><p> In the past, I have written about future opportunities with the government, Amazon(NASDAQ:AMZN), and International Business Machines(NYSE:IBM). On today's earnings call, PLTR introduced significant information surrounding two new products they will be offering for carbon emissions and crypto.</p><p><blockquote>过去，我写过关于政府、亚马逊（纳斯达克股票代码：AMZN）和国际商业机器公司（纽约证券交易所股票代码：IBM）未来机会的文章。在今天的财报看涨期权上，PLTR 介绍了有关他们将为碳排放和加密提供的两种新产品的重要信息。</blockquote></p><p></p><p> There has been a fundamental shift in the USA over climate, and President Biden rejoined the Paris Agreement to reengage in tackling climate change. Part ofthe planis to reach a net-zero emission economy-wide by 2050. Recently President Biden at the United Nations climate summit in Glasgow, Scotland, pledged to work with the European Union and dozens of other nations to reduce overall methane emissions worldwide by 30% by 2030. No matter what your stance on climate is, there are many who believe we need to lower emissions, and many nations are working on a goal. To comply, companies such as&nbsp;Exxon Mobil(NYSE:XOM)&nbsp;are conducting longer-term research on several promising innovations with outside organizations, including direct air capture technology to&nbsp;scrub emissions out of the air&nbsp;and carbonate fuel cells&nbsp;to capture industrial emissions&nbsp;from flue gas streams of power plants or manufacturing facilities. Carbon emissions management is already a booming business, and PLTR is creating a module on Foundry to present a single pane to view revenue, margin, production, and all emissions so companies can manage outcomes more efficiently. Personally, I believe this has enormous potential to drive revenue for PLTR in the future.</p><p><blockquote>美国在气候问题上发生了根本性的转变，拜登总统重新加入了《巴黎协定》，重新参与应对气候变化。到2050年实现整个经济净零排放计划的一部分。最近，拜登总统在苏格兰格拉斯哥举行的联合国气候峰会上承诺，将与欧盟和其他数十个国家合作，到2030年将全球甲烷排放总量减少30%。无论你对气候的立场是什么，都有许多人认为我们需要降低排放，许多国家正在努力实现一个目标。为了遵守规定，埃克森美孚（纽约证券交易所股票代码：XOM）等公司正在与外部组织一起对几项有前途的创新进行长期研究，包括用于清除空气中排放物的直接空气捕获技术和用于捕获工业排放物的碳酸盐燃料电池来自发电厂或制造设施的烟气流。碳排放管理已经是一项蓬勃发展的业务，PLTR 正在 Foundry 上创建一个模块，以显示单个窗格来查看收入、利润率、产量和所有排放，以便公司可以更有效地管理结果。就我个人而言，我相信这对于推动 PLTR 未来的收入具有巨大的潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2386d938e7f452a340dbb130de508f6\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>(Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Palantir）</span></p></blockquote></p><p> The second huge prospect that PLTR discussed was Foundry for crypto. It looks like PLTR is leveraging their anti-money laundering and know-your-customer expertise. PLTR has worked with several governments over the years to find compliance issues with the world's largest banks and help those banks respond and strengthen their compliance programs. This makes complete sense, and when you go back to the contracts, PLTR has been awarded from the IRS and SEC (discussed in previous articles). In Q3 alone, PLTR inked 6 contracts with the IRS. If I had to guess, PLTR's software would be utilized by the IRS and the SEC on the government side and adopted on the commercial side by banks and crypto exchanges. Currently, in the past 24 hours,Coinbase(NASDAQ:COIN)&nbsp;is showing that Bitcoin (BTC-USD) has incurred a trading volume of $43.8 billion. I think PLTR will end up driving future revenue from both government and commercial contracts from its Foundry for Crypto.</p><p><blockquote>PLTR讨论的第二个巨大前景是加密铸造。看起来PLTR正在利用他们的反洗钱和了解客户的专业知识。多年来，PLTR 与多个政府合作，发现全球最大银行的合规问题，并帮助这些银行做出回应并加强其合规计划。这是完全有道理的，当你回到合同时，PLTR已经被美国国税局和美国证券交易委员会授予了（在以前的文章中讨论过）。仅在第三季度，PLTR 就与美国国税局签署了 6 份合同。如果让我猜的话，PLTR的软件会被政府方面的国税局和美国证券交易委员会使用，并被银行和加密货币交易所采用。目前，在过去24小时内，比特币基地（纳斯达克股票代码：COIN）显示比特币（BTC-USD）的交易量为438亿美元。我认为 PLTR 最终将推动其加密货币代工厂的政府和商业合同的未来收入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/53c762e27799c80dbaa9914bb98a6a10\" tg-width=\"624\" tg-height=\"234\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Federal Procurement Database)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（资料来源：Steven Fiorillo）（数据来源：联邦采购数据库）</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/005d57c6c5c926b35eac100fa35c7415\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>(Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Palantir）</span></p></blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> PLTR has become another statistic of the market misunderstanding its earnings and selling the news when the news was great. What more does anyone want PLTR to do? This was an excellent quarter with revenue increasing 36% YoY in Q3, FCF came in at $119 million with a 30% margin, and PLTR closed 54 deals worth more than $1 million each. PLTR beats revenue estimates, increases guidance for its full-year revenue than for the 2nd time, increases its FCF guidance. This was a sell the news on all positive factors, which is creating a buying opportunity. I am staying long on PLTR and plan to add to my position if the sell-off continues.</p><p><blockquote>PLTR已经成为市场误解其盈利并在消息大好时抛售消息的又一统计数据。还有人希望PLTR做什么？这是一个出色的季度，第三季度收入同比增长 36%，FCF 达到 1.19 亿美元，利润率为 30%，PLTR 完成了 54 笔交易，每笔交易价值超过 100 万美元。PLTR 超出收入预期，第二次上调全年收入指引，上调自由现金流指引。这是一个关于所有积极因素的卖出消息，这创造了一个买入机会。我将长期持有 PLTR，并计划如果抛售继续的话加仓。</blockquote></p><p> <b>Seeking Alpha Marketplace</b></p><p><blockquote><b>寻求阿尔法市场</b></blockquote></p><p> I will be launching a subscription service called Barbell Capital on the Seeking Alpha Marketplace. Barbell Capital will provide exclusive research, model portfolios, investment tools, Q&amp;A sessions, watchlists, and additional features for its members. I will also have a live portfolio dedicated to generating capital from trading, selling puts and selling covered calls. The profits will be allocated to future capital appreciating investments and investing in dividend investments to generate income while we sleep.</p><p><blockquote>我将在Seeking Alpha市场上推出一项名为Barbell Capital的订阅服务。杠铃资本将为其成员提供独家研究、模型投资组合、投资工具、问答会议、观察列表和附加功能。我还将有一个实时投资组合，专门用于通过交易、出售看跌期权和出售备兑评级来产生资本。利润将被分配到未来的资本增值投资和股息投资中，以便在我们睡觉时产生收入。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4468059-palantir-q3-beat-creating-an-opportunity\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4468059-palantir-q3-beat-creating-an-opportunity","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129543601","content_text":"Summary\n\nPalantir delivered revenue growth QoQ of 36% while generating $119 million in FCF creating a 30% margin.\nPalantir's commercial revenue increased 37%, and government revenue grew by 34% YoY in Q3 showing strong forward growth trends.\nPalantir closed 54 deals in Q3 2021 with at least $1 million in contract value with 33 valued at $5+ million and 18 at $10+ million.\nPalantir increases guidance again and expects 40% revenue growth YoY at $1.527 billion and $400 million in FCF up from the previous guidance increase of $300 million.\n\nAndreas Rentz/Getty Images Entertainment\nSome investors love to hate Palantir (PLTR), which was nicknamed a black box company in the past, while others absolutely love it because they believe PLTR's software is the future. In my previous article on PLTR, I stated that based on PLTR's current revenue trend, they were setting up to deliver $399.41 million in revenue for Q3 and $423.22 million of revenue in Q4. The consensus number was $386.56 million of revenue in Q3, and PLTR delivered $392.1 million and forecasted $418 million in Q4 2021. The reaction in premarket as the earnings call was being conducted was nothing but a sea of red as PLTR sharply declined, and each time a gap tried to fill, the next leg on the downward spiral started. The news wasn't even digested, yet people decided to either take profits, exit their position or lost faith in PLTR.\nWhat wasn't there to like in the earnings release to cause the sell-off that has been hovering in the -9.03% range? PLTR delivered 36% YoY revenue growth, added 34 new customers in Q3, and closed 54 deals worth $1 million or more. PLTR increased their remaining deal value by 50% YoY to $3.6 billion and delivered $101 million in cash from operations (26% margin), and $199 million in free cash flow (30% margin). PLTR also increased guidance for 2021 as they now expect revenue growth of 40% YoY compared to their previous projection of 30% and increased their projection in FCF to $400 million from $300 million. In addition to the numbers, PLTR announced new product platforms and use cases that have tremendous potential to drive revenue and FCF in the future. I believe this sell-off will be short-lived and I am looking at it as a buying opportunity.\n(Source: Seeking Alpha)\nPalantir's revenue continues to expand on both the commercial and government side\nQuarter after Quarter since PLTR went public, their commercial business has expanded. After five quarters of going public, PLTR's quarterly commercial revenue has increased by $62 million or 55.36%. In Q3 2021, PLTR delivered $174 million in revenue from its commercial operations, which accounted for 44.38% of its $392.1 million quarterly revenue. Over the previous two years, PLTR's Q3 revenue has increased by 85.11% as it grew by 35.11% in Q3 2020 YoY and by another 37.01% YoY in Q3 of 2021. PLTR's commercial remaining deal value increased by 101% YoY from $1.1 billion in Q3 2020 to $2.2 billion in Q3 2021. Commercial customers are inviting PLTR to present their software solutions, and PLTR is winning their business. In Q3 2021, PLTR added 34 net new customers increasing their commercial customer base by 20% QoQ to 203. Over the past year, PLTR has seen its commercial customer base expand by 46.04% as it has grown by 64 clients from 139 to 203. Anyone who still classifies PLTR as a black box is not being accurate as the commercial market is learning about PLTR's software platforms and implementing their solutions to improve their operations.\n(Source: Steven Fiorillo) (Data Source: Palantir)\nSince Q1 of 2020, PLTR has increased its quarterly revenue by $163.1 million (71.23%) at an average quarterly growth rate of 9.43% QoQ. In Q3 of 2021, this trend stayed intact as revenue increased by $16.1 million QoQ or 4.28%. While the quarterly revenue growth slowed a bit QoQ compared to 10.26% in Q2 2021, PLTR is projecting its Q4 2021 revenue will be $418 million. PLTR is expecting to deliver another company record and generate $25.9 million (6.61%) in QoQ growth to close out the year.\nThe same growth story applies to their total revenue in the trailing twelve months (TTM) as well. Over the last six quarters, PLTR's TTM revenue has increased by $620.6 million (76.55%) from $810.6 million to $1.43 billion. On average, PLTR's TTM revenue growth has increased by $103.42 million (9.94%) QoQ. In Q1 2020 - Q3 2020, their average QoQ revenue growth was $94.03 million, and this has increased substantially as the past three quarters have all increased by at least $105 million QoQ. In Q3 2021, PLTR increased its TTM revenue to $1.43 billion as it added $106.8 million (8.06%) in QoQ revenue growth. Just like the quarterly metric, PLTR's TTM is expected to grow QoQ by an additional $95.9 million to $1.527 billion compared to $1.51 billion in the consensus estimate. This would place PLTR's annual revenue growth YoY well ahead of their 30% projection as they would finish 2021 having increased its revenue by $434.30 million (39.75%)\n(Source: Steven Fiorillo) (Data Source: Palantir)\nI am shocked PLTR is still in the red. PLTR is a high-growth company that is now FCF positive and expanding its metrics. In the first nine months of 2020, PLTR generated -$285 million in FCF, and at the end of the first nine months of 2021, PLTR has delivered a $605 million swing as it has produced $320 million in FCF YTD. PLTR previously increased their 2021 FCF guidance to $300, and they just increased it again to $400+ million. In the span of three months, PLTR increased its FCF projection by an additional 33.33%. In Q3, PLTR's FCF margin was 30%, and they are projecting $400+ million in FCF for 2021. At the very minimum, this would mean they will tack on an additional $80 million in FCF for 2021. If PLTR delivers $1.527 billion in revenue and $400 million in FCF, its 2021 FCF margin would be 26.2%. PLTR is still projecting 30% annual revenue growth YoY thru 2025, which would place their 2025 revenue at $4.36 billion based on their projection of $1.527 for 2021. At PLTR's current FCF margin, they would generate $1.14 billion in FCF in 2025. Considering PLTR's current trends, if they exceeded their projections and grew at 35% YoY, it would place their 2025 revenue at $5.07 billion. At their current FCF margin, they would then generate $1.33 billion in FCF in 2025.\n(Source: PLTR)\nPLTR is firing on all cylinders. YoY, their Q3 revenue grew by 36%, they raised guidance on their FCF for a 2nd time from $300 million to $400+ million and have increased their annual revenue growth guidance from 30% to roughly 40%. PLTR is still maintaining its future revenue outlook of 30% annually YoY and is creating some impressive margins. PLTR's commercial revenue grew YoY by 37%, and their government revenue grew by 34% YoY in Q3. PLTR closed at least 54 deals worth at least $1 million during Q3, and 33 of those were at least $5 million in revenue, and 18 were at least $10 million in revenue. PLTR's growth metrics are impressive, and I am expecting them to under promise and over deliver going forward.\nPalantir is entering two new sectors that are going to be huge, carbon emissions, and crypto\nIn the past, I have written about future opportunities with the government, Amazon(NASDAQ:AMZN), and International Business Machines(NYSE:IBM). On today's earnings call, PLTR introduced significant information surrounding two new products they will be offering for carbon emissions and crypto.\nThere has been a fundamental shift in the USA over climate, and President Biden rejoined the Paris Agreement to reengage in tackling climate change. Part ofthe planis to reach a net-zero emission economy-wide by 2050. Recently President Biden at the United Nations climate summit in Glasgow, Scotland, pledged to work with the European Union and dozens of other nations to reduce overall methane emissions worldwide by 30% by 2030. No matter what your stance on climate is, there are many who believe we need to lower emissions, and many nations are working on a goal. To comply, companies such as Exxon Mobil(NYSE:XOM) are conducting longer-term research on several promising innovations with outside organizations, including direct air capture technology to scrub emissions out of the air and carbonate fuel cells to capture industrial emissions from flue gas streams of power plants or manufacturing facilities. Carbon emissions management is already a booming business, and PLTR is creating a module on Foundry to present a single pane to view revenue, margin, production, and all emissions so companies can manage outcomes more efficiently. Personally, I believe this has enormous potential to drive revenue for PLTR in the future.\n(Source: Palantir)\nThe second huge prospect that PLTR discussed was Foundry for crypto. It looks like PLTR is leveraging their anti-money laundering and know-your-customer expertise. PLTR has worked with several governments over the years to find compliance issues with the world's largest banks and help those banks respond and strengthen their compliance programs. This makes complete sense, and when you go back to the contracts, PLTR has been awarded from the IRS and SEC (discussed in previous articles). In Q3 alone, PLTR inked 6 contracts with the IRS. If I had to guess, PLTR's software would be utilized by the IRS and the SEC on the government side and adopted on the commercial side by banks and crypto exchanges. Currently, in the past 24 hours,Coinbase(NASDAQ:COIN) is showing that Bitcoin (BTC-USD) has incurred a trading volume of $43.8 billion. I think PLTR will end up driving future revenue from both government and commercial contracts from its Foundry for Crypto.\n(Source: Steven Fiorillo) (Data Source: Federal Procurement Database)\n(Source: Palantir)\nConclusion\nPLTR has become another statistic of the market misunderstanding its earnings and selling the news when the news was great. What more does anyone want PLTR to do? This was an excellent quarter with revenue increasing 36% YoY in Q3, FCF came in at $119 million with a 30% margin, and PLTR closed 54 deals worth more than $1 million each. PLTR beats revenue estimates, increases guidance for its full-year revenue than for the 2nd time, increases its FCF guidance. This was a sell the news on all positive factors, which is creating a buying opportunity. I am staying long on PLTR and plan to add to my position if the sell-off continues.\nSeeking Alpha Marketplace\nI will be launching a subscription service called Barbell Capital on the Seeking Alpha Marketplace. Barbell Capital will provide exclusive research, model portfolios, investment tools, Q&A sessions, watchlists, and additional features for its members. I will also have a live portfolio dedicated to generating capital from trading, selling puts and selling covered calls. The profits will be allocated to future capital appreciating investments and investing in dividend investments to generate income while we sleep.","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":1479,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":870285017,"gmtCreate":1636622464521,"gmtModify":1636622961099,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/870285017","repostId":"1107880037","repostType":4,"isVote":1,"tweetType":1,"viewCount":1082,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":870288115,"gmtCreate":1636622314477,"gmtModify":1636622942592,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"China stocks comeback?","listText":"China stocks comeback?","text":"China stocks comeback?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/870288115","repostId":"1145862757","repostType":4,"repost":{"id":"1145862757","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1636621370,"share":"https://www.laohunote.com/m/news/1145862757?lang=zh_CN&edition=full","pubTime":"2021-11-11 17:02","market":"us","language":"en","title":"DIDI shares surged more than 12% in premarket trading<blockquote>滴滴股价在盘前交易中飙升超过12%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1145862757","media":"Tiger Newspress","summary":"DIDI shares surged more than 12% in premarket trading.Didi Global Inc is preparing to relaunch its r","content":"<p>DIDI&nbsp;shares&nbsp;surged&nbsp;more&nbsp;than&nbsp;12%&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/c469d7e92346680715f4acb0e9107e14\" tg-width=\"897\" tg-height=\"583\" referrerpolicy=\"no-referrer\">Didi Global Inc&nbsp;is preparing to relaunch its ride-hailing and other apps in China by the end of the year in anticipation that Beijing's investigation into the company will be wrapped up by then, three people directly involved in the relaunch said.</p><p><blockquote>滴滴股价在盘前交易中飙升超过12%。三名直接参与重新启动的人士表示，滴滴全球公司正准备在今年年底前在中国重新推出其打车和其他应用程序，预计北京对该公司的调查将在那时结束。</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>DIDI shares surged more than 12% in premarket trading<blockquote>滴滴股价在盘前交易中飙升超过12%</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\">\nDIDI shares surged more than 12% in premarket trading<blockquote>滴滴股价在盘前交易中飙升超过12%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-11 17:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>DIDI&nbsp;shares&nbsp;surged&nbsp;more&nbsp;than&nbsp;12%&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/c469d7e92346680715f4acb0e9107e14\" tg-width=\"897\" tg-height=\"583\" referrerpolicy=\"no-referrer\">Didi Global Inc&nbsp;is preparing to relaunch its ride-hailing and other apps in China by the end of the year in anticipation that Beijing's investigation into the company will be wrapped up by then, three people directly involved in the relaunch said.</p><p><blockquote>滴滴股价在盘前交易中飙升超过12%。三名直接参与重新启动的人士表示，滴滴全球公司正准备在今年年底前在中国重新推出其打车和其他应用程序，预计北京对该公司的调查将在那时结束。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIDI":"滴滴(已退市)"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145862757","content_text":"DIDI shares surged more than 12% in premarket trading.Didi Global Inc is preparing to relaunch its ride-hailing and other apps in China by the end of the year in anticipation that Beijing's investigation into the company will be wrapped up by then, three people directly involved in the relaunch said.","news_type":1,"symbols_score_info":{"DIDI":0.9}},"isVote":1,"tweetType":1,"viewCount":1183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":606889646,"gmtCreate":1638855469450,"gmtModify":1638855469539,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"Looks like a good price","listText":"Looks like a good price","text":"Looks like a good price","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/606889646","repostId":"1186153909","repostType":2,"repost":{"id":"1186153909","kind":"news","pubTimestamp":1638854782,"share":"https://www.laohunote.com/m/news/1186153909?lang=zh_CN&edition=full","pubTime":"2021-12-07 13:26","market":"us","language":"en","title":"Lucid and Nio Are Down Over 30% From Their Highs. Is it Time to Buy?<blockquote>Lucid 和蔚来较高点下跌超过 30%。是时候买了吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1186153909","media":"Motley Fool","summary":"In a matter of weeks, many growth stocks have gone from hot to cold over fears of an economic slowdo","content":"<p>In a matter of weeks, many growth stocks have gone from hot to cold over fears of an economic slowdown, the omicron COVID-19 variant, and valuation concerns.</p><p><blockquote>短短几周内，由于对经济放缓、奥密克戎 COVID-19 变体和估值担忧的担忧，许多成长型股票就从热转冷。</blockquote></p><p> Lucid Group (NASDAQ:LCID) and Nio (NYSE:NIO) are two very different electric vehicle (EV) companies that are looking to make names for themselves on the global stage. Despite their potential, however, both companies are seeing their share prices sink. Let's determine if now is the right time to buy Lucid and Nio, or if investors should run for the exits.</p><p><blockquote>Lucid Group（纳斯达克股票代码：LCID）和蔚来（纽约证券交易所股票代码：NIO）是两家截然不同的电动汽车（EV）公司，它们都希望在全球舞台上成名。然而，尽管有潜力，两家公司的股价都在下跌。让我们确定现在是否是购买 Lucid 和蔚来的合适时机，或者投资者是否应该竞相退出。</blockquote></p><p> <b>This wild ride is showing no signs of slowing down</b></p><p><blockquote><b>这种狂野的旅程没有放缓的迹象</b></blockquote></p><p> Daniel Foelber (Lucid): Lucid had a banner year in 2021. It began mass production and deliveries of its Lucid Air Dream Edition sedan, was named the MotorTrend 2022 Car of the Year, and crushed range ratings by the Environmental Protection Agency (EPA). As a result, investors piled into its stock, which is up over three-fold for the year.</p><p><blockquote>丹尼尔·福尔伯（Lucid）：Lucid在2021年度过了辉煌的一年。它开始大规模生产和交付 Lucid Air Dream Edition 轿车，被评为 MotorTrend 2022 年度汽车，并击败了环境保护署 (EPA) 的续航里程评级。结果，投资者纷纷买入该公司的股票，今年该公司股价上涨了两倍多。</blockquote></p><p> However, even Lucid is showing signs that it's cooling off. The stock is now down around 30% from its high, in lockstep with the broader EV industry. Lucid's success in 2022 and beyond depends on a lot of things going right. It needs to increase its manufacturing capacity, produce and deliver an average of 55 cars per day, expand its product line, and develop its Gravity SUV -- and most importantly, fend off the swath of legacy automakers and new players that are champing at the bit to develop their own battery technology. It's a tall order, but Lucid has so far proven an ability to deliver on its promises.</p><p><blockquote>然而，即使是 Lucid 也显示出降温的迹象。该股目前较高点下跌约 30%，与更广泛的电动汽车行业同步。Lucid 在 2022 年及以后的成功取决于很多事情的顺利进行。它需要提高产能，平均每天生产和交付 55 辆汽车，扩大产品线，开发 Gravity SUV，最重要的是，要抵御一大批传统汽车制造商和新参与者，他们争先恐后地开发自己的电池技术。这是一个很高的要求，但Lucid迄今为止已经证明了它有能力兑现承诺。</blockquote></p><p> As impressive as Lucid's year has been, the reality is that the company is incredibly young and has yet to build the track record necessary to fend off skepticism. Referring to the chart above, it's clear to see that Lucid stock was initially met with euphoria and optimism before undergoing a roughly six-month period in the doldrums.</p><p><blockquote>尽管 Lucid 的这一年令人印象深刻，但现实是该公司非常年轻，尚未建立抵御怀疑所需的记录。参考上图，可以清楚地看出，Lucid 股票在经历了大约六个月的低迷时期之前，最初受到了欣快和乐观的情绪。</blockquote></p><p> Because Lucid doesn't have meaningful financial metrics like revenue and profit, its performance depends on its ability to prove to investors that people want to buy its cars, it can produce the cars they want to buy, and it will sell even more cars in the future. At the end of the day, there are many factors that lie outside of Lucid's control, namely the chip shortage. However, Lucid has an advantage over other automakers: It isn't too reliant on third-party suppliers, because it builds its own battery packs and controls much of its production process.</p><p><blockquote>由于 Lucid 没有收入和利润等有意义的财务指标，因此其业绩取决于其向投资者证明人们想要购买其汽车的能力，它可以生产他们想要购买的汽车，并且未来还会销售更多的汽车。归根结底，有许多因素超出了 Lucid 的控制范围，即芯片短缺。然而，Lucid 相对于其他汽车制造商有一个优势：它不太依赖第三方供应商，因为它自己制造电池组并控制大部分生产过程。</blockquote></p><p> <b>Looking at the big picture</b></p><p><blockquote><b>着眼于大局</b></blockquote></p><p> Howard Smith (Nio): Shares of Chinese EV maker Nio are down more than 30% year-to-date, and are 50% off January 2021 highs. The company was valued at close to $100 billion at those highs based on its potential and expected continued strong growth in the global electrification of transportation. But a semiconductor chip shortage hit the industry this year, and affected production for many automotive manufacturers.</p><p><blockquote>Howard Smith（蔚来）：中国电动汽车制造商蔚来的股价今年迄今已下跌超过 30%，较 2021 年 1 月高点下跌 50%。基于其潜力和全球交通电气化持续强劲增长的预期，该公司在这些高点的估值接近 1000 亿美元。但今年半导体芯片短缺打击了该行业，影响了许多汽车制造商的生产。</blockquote></p><p> Nio wasn't immune to that, and it contributed to the drop in shares that has the company's market cap now at about $54 billion. That's still richly valued considering the company has yet to be profitable, and a sharp drop in vehicle deliveries in the month of October spooked investors further. But this week, Nio reported its November delivery results, and that drop in valuation may make now a good time to buy Nio shares.</p><p><blockquote>蔚来也未能幸免，这导致该公司股价下跌，目前该公司市值约为 540 亿美元。考虑到该公司尚未盈利，而且 10 月份汽车交付量的急剧下降进一步令投资者感到恐慌，这仍然很有价值。但本周，蔚来公布了 11 月份的交付结果，估值下降可能是购买蔚来股票的好时机。</blockquote></p><p> Nio reported a monthly record for vehicle deliveries in November. That helps to alleviate concerns over supply constraints, and verifies that much of the dip in October was due to an interruption in production as the company prepared to upgrade its manufacturing lines for higher volume and new products. A look at how Nio's monthly deliveries progressed throughout 2021 shows the growth pattern appears intact.</p><p><blockquote>蔚来公布 11 月份车辆交付量创下月度纪录。这有助于缓解对供应限制的担忧，并证实 10 月份的下跌很大程度上是由于该公司准备升级生产线以增加产量和新产品而导致生产中断。看看蔚来汽车在 2021 年的每月交付量进展情况，就会发现增长模式似乎完好无损。</blockquote></p><p> Through November 2021, Nio deliveries have increased more than 120% over the comparable period in 2020. But even the record November figure only represents about half of the production capacity the company is working toward. That expansion is scheduled to be complete in the spring of 2022, and the company believes there's plenty of demand to support that growth. Nio began exporting vehicles for the first time in July 2021 as it set up a presence in Norway. It expects to move into Germany next year too as it also launches several new products.</p><p><blockquote>截至2021年11月，蔚来交付量比2020年同期增长了120%以上。但即使是创纪录的 11 月份数字也只代表了该公司正在努力实现的产能的一半左右。此次扩张计划于 2022 年春季完成，该公司相信有足够的需求来支持这一增长。蔚来于2021年7月首次开始出口汽车，因为它在挪威建立了业务。它预计明年也将进军德国，因为它还将推出几款新产品。</blockquote></p><p> With that bigger-picture perspective, the decrease in the share price seen this year might make now a good time to buy for investors with patience and the appropriate risk tolerance.</p><p><blockquote>从更大的角度来看，今年股价的下跌可能是投资者有耐心和适当风险承受能力的好时机。</blockquote></p><p> <b>A great industry to invest in</b></p><p><blockquote><b>一个值得投资的伟大行业</b></blockquote></p><p> Lucid and Nio are two of the better up-and-coming electric car growth stocks. Both companies have real competitive advantages that could take them far as developed economies transition away from the internal combustion engine to the electric motor. Investors that agree with the long-term thesis of each company could do well to pick up shares on sale, or take a more conservative approach with a basket of EV stocks.</p><p><blockquote>Lucid 和蔚来是两只较好的新兴电动汽车成长型股票。这两家公司都拥有真正的竞争优势，随着发达经济体从内燃机转向电动机，它们可能会走得更远。同意每家公司长期论点的投资者最好在出售时购买股票，或者采取更保守的方法购买一篮子电动汽车股票。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lucid and Nio Are Down Over 30% From Their Highs. Is it Time to Buy?<blockquote>Lucid 和蔚来较高点下跌超过 30%。是时候买了吗？</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\">\nLucid and Nio Are Down Over 30% From Their Highs. Is it Time to Buy?<blockquote>Lucid 和蔚来较高点下跌超过 30%。是时候买了吗？</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\">2021-12-07 13:26</span>\n</p>\n</h4>\n</header>\n<article>\n<p>In a matter of weeks, many growth stocks have gone from hot to cold over fears of an economic slowdown, the omicron COVID-19 variant, and valuation concerns.</p><p><blockquote>短短几周内，由于对经济放缓、奥密克戎 COVID-19 变体和估值担忧的担忧，许多成长型股票就从热转冷。</blockquote></p><p> Lucid Group (NASDAQ:LCID) and Nio (NYSE:NIO) are two very different electric vehicle (EV) companies that are looking to make names for themselves on the global stage. Despite their potential, however, both companies are seeing their share prices sink. Let's determine if now is the right time to buy Lucid and Nio, or if investors should run for the exits.</p><p><blockquote>Lucid Group（纳斯达克股票代码：LCID）和蔚来（纽约证券交易所股票代码：NIO）是两家截然不同的电动汽车（EV）公司，它们都希望在全球舞台上成名。然而，尽管有潜力，两家公司的股价都在下跌。让我们确定现在是否是购买 Lucid 和蔚来的合适时机，或者投资者是否应该竞相退出。</blockquote></p><p> <b>This wild ride is showing no signs of slowing down</b></p><p><blockquote><b>这种狂野的旅程没有放缓的迹象</b></blockquote></p><p> Daniel Foelber (Lucid): Lucid had a banner year in 2021. It began mass production and deliveries of its Lucid Air Dream Edition sedan, was named the MotorTrend 2022 Car of the Year, and crushed range ratings by the Environmental Protection Agency (EPA). As a result, investors piled into its stock, which is up over three-fold for the year.</p><p><blockquote>丹尼尔·福尔伯（Lucid）：Lucid在2021年度过了辉煌的一年。它开始大规模生产和交付 Lucid Air Dream Edition 轿车，被评为 MotorTrend 2022 年度汽车，并击败了环境保护署 (EPA) 的续航里程评级。结果，投资者纷纷买入该公司的股票，今年该公司股价上涨了两倍多。</blockquote></p><p> However, even Lucid is showing signs that it's cooling off. The stock is now down around 30% from its high, in lockstep with the broader EV industry. Lucid's success in 2022 and beyond depends on a lot of things going right. It needs to increase its manufacturing capacity, produce and deliver an average of 55 cars per day, expand its product line, and develop its Gravity SUV -- and most importantly, fend off the swath of legacy automakers and new players that are champing at the bit to develop their own battery technology. It's a tall order, but Lucid has so far proven an ability to deliver on its promises.</p><p><blockquote>然而，即使是 Lucid 也显示出降温的迹象。该股目前较高点下跌约 30%，与更广泛的电动汽车行业同步。Lucid 在 2022 年及以后的成功取决于很多事情的顺利进行。它需要提高产能，平均每天生产和交付 55 辆汽车，扩大产品线，开发 Gravity SUV，最重要的是，要抵御一大批传统汽车制造商和新参与者，他们争先恐后地开发自己的电池技术。这是一个很高的要求，但Lucid迄今为止已经证明了它有能力兑现承诺。</blockquote></p><p> As impressive as Lucid's year has been, the reality is that the company is incredibly young and has yet to build the track record necessary to fend off skepticism. Referring to the chart above, it's clear to see that Lucid stock was initially met with euphoria and optimism before undergoing a roughly six-month period in the doldrums.</p><p><blockquote>尽管 Lucid 的这一年令人印象深刻，但现实是该公司非常年轻，尚未建立抵御怀疑所需的记录。参考上图，可以清楚地看出，Lucid 股票在经历了大约六个月的低迷时期之前，最初受到了欣快和乐观的情绪。</blockquote></p><p> Because Lucid doesn't have meaningful financial metrics like revenue and profit, its performance depends on its ability to prove to investors that people want to buy its cars, it can produce the cars they want to buy, and it will sell even more cars in the future. At the end of the day, there are many factors that lie outside of Lucid's control, namely the chip shortage. However, Lucid has an advantage over other automakers: It isn't too reliant on third-party suppliers, because it builds its own battery packs and controls much of its production process.</p><p><blockquote>由于 Lucid 没有收入和利润等有意义的财务指标，因此其业绩取决于其向投资者证明人们想要购买其汽车的能力，它可以生产他们想要购买的汽车，并且未来还会销售更多的汽车。归根结底，有许多因素超出了 Lucid 的控制范围，即芯片短缺。然而，Lucid 相对于其他汽车制造商有一个优势：它不太依赖第三方供应商，因为它自己制造电池组并控制大部分生产过程。</blockquote></p><p> <b>Looking at the big picture</b></p><p><blockquote><b>着眼于大局</b></blockquote></p><p> Howard Smith (Nio): Shares of Chinese EV maker Nio are down more than 30% year-to-date, and are 50% off January 2021 highs. The company was valued at close to $100 billion at those highs based on its potential and expected continued strong growth in the global electrification of transportation. But a semiconductor chip shortage hit the industry this year, and affected production for many automotive manufacturers.</p><p><blockquote>Howard Smith（蔚来）：中国电动汽车制造商蔚来的股价今年迄今已下跌超过 30%，较 2021 年 1 月高点下跌 50%。基于其潜力和全球交通电气化持续强劲增长的预期，该公司在这些高点的估值接近 1000 亿美元。但今年半导体芯片短缺打击了该行业，影响了许多汽车制造商的生产。</blockquote></p><p> Nio wasn't immune to that, and it contributed to the drop in shares that has the company's market cap now at about $54 billion. That's still richly valued considering the company has yet to be profitable, and a sharp drop in vehicle deliveries in the month of October spooked investors further. But this week, Nio reported its November delivery results, and that drop in valuation may make now a good time to buy Nio shares.</p><p><blockquote>蔚来也未能幸免，这导致该公司股价下跌，目前该公司市值约为 540 亿美元。考虑到该公司尚未盈利，而且 10 月份汽车交付量的急剧下降进一步令投资者感到恐慌，这仍然很有价值。但本周，蔚来公布了 11 月份的交付结果，估值下降可能是购买蔚来股票的好时机。</blockquote></p><p> Nio reported a monthly record for vehicle deliveries in November. That helps to alleviate concerns over supply constraints, and verifies that much of the dip in October was due to an interruption in production as the company prepared to upgrade its manufacturing lines for higher volume and new products. A look at how Nio's monthly deliveries progressed throughout 2021 shows the growth pattern appears intact.</p><p><blockquote>蔚来公布 11 月份车辆交付量创下月度纪录。这有助于缓解对供应限制的担忧，并证实 10 月份的下跌很大程度上是由于该公司准备升级生产线以增加产量和新产品而导致生产中断。看看蔚来汽车在 2021 年的每月交付量进展情况，就会发现增长模式似乎完好无损。</blockquote></p><p> Through November 2021, Nio deliveries have increased more than 120% over the comparable period in 2020. But even the record November figure only represents about half of the production capacity the company is working toward. That expansion is scheduled to be complete in the spring of 2022, and the company believes there's plenty of demand to support that growth. Nio began exporting vehicles for the first time in July 2021 as it set up a presence in Norway. It expects to move into Germany next year too as it also launches several new products.</p><p><blockquote>截至2021年11月，蔚来交付量比2020年同期增长了120%以上。但即使是创纪录的 11 月份数字也只代表了该公司正在努力实现的产能的一半左右。此次扩张计划于 2022 年春季完成，该公司相信有足够的需求来支持这一增长。蔚来于2021年7月首次开始出口汽车，因为它在挪威建立了业务。它预计明年也将进军德国，因为它还将推出几款新产品。</blockquote></p><p> With that bigger-picture perspective, the decrease in the share price seen this year might make now a good time to buy for investors with patience and the appropriate risk tolerance.</p><p><blockquote>从更大的角度来看，今年股价的下跌可能是投资者有耐心和适当风险承受能力的好时机。</blockquote></p><p> <b>A great industry to invest in</b></p><p><blockquote><b>一个值得投资的伟大行业</b></blockquote></p><p> Lucid and Nio are two of the better up-and-coming electric car growth stocks. Both companies have real competitive advantages that could take them far as developed economies transition away from the internal combustion engine to the electric motor. Investors that agree with the long-term thesis of each company could do well to pick up shares on sale, or take a more conservative approach with a basket of EV stocks.</p><p><blockquote>Lucid 和蔚来是两只较好的新兴电动汽车成长型股票。这两家公司都拥有真正的竞争优势，随着发达经济体从内燃机转向电动机，它们可能会走得更远。同意每家公司长期论点的投资者最好在出售时购买股票，或者采取更保守的方法购买一篮子电动汽车股票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/06/lucid-and-nio-are-down-over-25-from-their-highs-is/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","LCID":"Lucid Group Inc"},"source_url":"https://www.fool.com/investing/2021/12/06/lucid-and-nio-are-down-over-25-from-their-highs-is/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186153909","content_text":"In a matter of weeks, many growth stocks have gone from hot to cold over fears of an economic slowdown, the omicron COVID-19 variant, and valuation concerns.\n\nLucid Group (NASDAQ:LCID) and Nio (NYSE:NIO) are two very different electric vehicle (EV) companies that are looking to make names for themselves on the global stage. Despite their potential, however, both companies are seeing their share prices sink. Let's determine if now is the right time to buy Lucid and Nio, or if investors should run for the exits.\nThis wild ride is showing no signs of slowing down\nDaniel Foelber (Lucid): Lucid had a banner year in 2021. It began mass production and deliveries of its Lucid Air Dream Edition sedan, was named the MotorTrend 2022 Car of the Year, and crushed range ratings by the Environmental Protection Agency (EPA). As a result, investors piled into its stock, which is up over three-fold for the year.\n\nHowever, even Lucid is showing signs that it's cooling off. The stock is now down around 30% from its high, in lockstep with the broader EV industry. Lucid's success in 2022 and beyond depends on a lot of things going right. It needs to increase its manufacturing capacity, produce and deliver an average of 55 cars per day, expand its product line, and develop its Gravity SUV -- and most importantly, fend off the swath of legacy automakers and new players that are champing at the bit to develop their own battery technology. It's a tall order, but Lucid has so far proven an ability to deliver on its promises.\n\nAs impressive as Lucid's year has been, the reality is that the company is incredibly young and has yet to build the track record necessary to fend off skepticism. Referring to the chart above, it's clear to see that Lucid stock was initially met with euphoria and optimism before undergoing a roughly six-month period in the doldrums.\n\nBecause Lucid doesn't have meaningful financial metrics like revenue and profit, its performance depends on its ability to prove to investors that people want to buy its cars, it can produce the cars they want to buy, and it will sell even more cars in the future. At the end of the day, there are many factors that lie outside of Lucid's control, namely the chip shortage. However, Lucid has an advantage over other automakers: It isn't too reliant on third-party suppliers, because it builds its own battery packs and controls much of its production process.\n\nLooking at the big picture\nHoward Smith (Nio): Shares of Chinese EV maker Nio are down more than 30% year-to-date, and are 50% off January 2021 highs. The company was valued at close to $100 billion at those highs based on its potential and expected continued strong growth in the global electrification of transportation. But a semiconductor chip shortage hit the industry this year, and affected production for many automotive manufacturers.\n\nNio wasn't immune to that, and it contributed to the drop in shares that has the company's market cap now at about $54 billion. That's still richly valued considering the company has yet to be profitable, and a sharp drop in vehicle deliveries in the month of October spooked investors further. But this week, Nio reported its November delivery results, and that drop in valuation may make now a good time to buy Nio shares.\n\nNio reported a monthly record for vehicle deliveries in November. That helps to alleviate concerns over supply constraints, and verifies that much of the dip in October was due to an interruption in production as the company prepared to upgrade its manufacturing lines for higher volume and new products. A look at how Nio's monthly deliveries progressed throughout 2021 shows the growth pattern appears intact.\n\nThrough November 2021, Nio deliveries have increased more than 120% over the comparable period in 2020. But even the record November figure only represents about half of the production capacity the company is working toward. That expansion is scheduled to be complete in the spring of 2022, and the company believes there's plenty of demand to support that growth. Nio began exporting vehicles for the first time in July 2021 as it set up a presence in Norway. It expects to move into Germany next year too as it also launches several new products.\n\nWith that bigger-picture perspective, the decrease in the share price seen this year might make now a good time to buy for investors with patience and the appropriate risk tolerance.\n\nA great industry to invest in\nLucid and Nio are two of the better up-and-coming electric car growth stocks. Both companies have real competitive advantages that could take them far as developed economies transition away from the internal combustion engine to the electric motor. Investors that agree with the long-term thesis of each company could do well to pick up shares on sale, or take a more conservative approach with a basket of EV stocks.","news_type":1,"symbols_score_info":{"LCID":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":4915,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600791688,"gmtCreate":1638196384942,"gmtModify":1638196385091,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"Rebound!!!","listText":"Rebound!!!","text":"Rebound!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/600791688","repostId":"1105707761","repostType":2,"repost":{"id":"1105707761","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1638196297,"share":"https://www.laohunote.com/m/news/1105707761?lang=zh_CN&edition=full","pubTime":"2021-11-29 22:31","market":"us","language":"en","title":"S&P 500 rebounds 1% from Friday’s omicron-induced sell-off, Dow gains 300 points<blockquote>标普500指数从周五 omicron 引发的抛售中反弹 1%，道指上涨 300 点</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105707761","media":"Tiger Newspress","summary":"Stocks rebounded on Monday following a major sell-off to end last week spurred by concerns about the","content":"<p>Stocks rebounded on Monday following a major sell-off to end last week spurred by concerns about the Covid omicron variant.</p><p><blockquote>由于对新冠病毒奥密克戎变种的担忧，上周末股市大幅抛售，周一股市反弹。</blockquote></p><p> The Dow Jones Industrial Average gained 368 points, or 1.1%. The S&amp;P 500 added 1.2%. The tech-focused Nasdaq Composite rose about 1.5%.</p><p><blockquote>道琼斯工业平均指数上涨 368 点，涨幅 1.1%。标普500上涨1.2%。以科技股为主的纳斯达克综合指数上涨约 1.5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ca9068df34a314b502fcb01917f6d34d\" tg-width=\"1033\" tg-height=\"421\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Stocks that were the hardest hit on Friday were rebounding the most on Monday.</p><p><blockquote>周五遭受重创的股票周一反弹幅度最大。</blockquote></p><p> Travel related names were up across the board. Carnival Corp. and Norwegian Cruise Lines were up more than 5% apiece. Royal Caribbean popped 6.5%. Airline stocks also charged higher with United Airlines up 3%, and Delta Airline and American Airline gaining about 1% each. Online travel booker Booking Holdings rose 2%.</p><p><blockquote>与旅行相关的名字随处可见。嘉年华公司 (Carnival Corp.) 和挪威邮轮公司 (Norwegian Cruise Lines) 均上涨超过 5%。皇家加勒比上涨 6.5%。航空股也上涨，联合航空上涨 3%，达美航空和美国航空各上涨约 1%。在线旅游预订商 Booking Holdings 上涨 2%。</blockquote></p><p> One stock that continued its Friday trend was Moderna. The vaccine maker’s stock was up another 10%&nbsp;after jumping 20% on Friday.</p><p><blockquote>Moderna 是一只延续周五趋势的股票。这家疫苗制造商的股价继周五大涨 20% 后又上涨了 10%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 rebounds 1% from Friday’s omicron-induced sell-off, Dow gains 300 points<blockquote>标普500指数从周五 omicron 引发的抛售中反弹 1%，道指上涨 300 点</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 rebounds 1% from Friday’s omicron-induced sell-off, Dow gains 300 points<blockquote>标普500指数从周五 omicron 引发的抛售中反弹 1%，道指上涨 300 点</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-29 22:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Stocks rebounded on Monday following a major sell-off to end last week spurred by concerns about the Covid omicron variant.</p><p><blockquote>由于对新冠病毒奥密克戎变种的担忧，上周末股市大幅抛售，周一股市反弹。</blockquote></p><p> The Dow Jones Industrial Average gained 368 points, or 1.1%. The S&amp;P 500 added 1.2%. The tech-focused Nasdaq Composite rose about 1.5%.</p><p><blockquote>道琼斯工业平均指数上涨 368 点，涨幅 1.1%。标普500上涨1.2%。以科技股为主的纳斯达克综合指数上涨约 1.5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ca9068df34a314b502fcb01917f6d34d\" tg-width=\"1033\" tg-height=\"421\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Stocks that were the hardest hit on Friday were rebounding the most on Monday.</p><p><blockquote>周五遭受重创的股票周一反弹幅度最大。</blockquote></p><p> Travel related names were up across the board. Carnival Corp. and Norwegian Cruise Lines were up more than 5% apiece. Royal Caribbean popped 6.5%. Airline stocks also charged higher with United Airlines up 3%, and Delta Airline and American Airline gaining about 1% each. Online travel booker Booking Holdings rose 2%.</p><p><blockquote>与旅行相关的名字随处可见。嘉年华公司 (Carnival Corp.) 和挪威邮轮公司 (Norwegian Cruise Lines) 均上涨超过 5%。皇家加勒比上涨 6.5%。航空股也上涨，联合航空上涨 3%，达美航空和美国航空各上涨约 1%。在线旅游预订商 Booking Holdings 上涨 2%。</blockquote></p><p> One stock that continued its Friday trend was Moderna. The vaccine maker’s stock was up another 10%&nbsp;after jumping 20% on Friday.</p><p><blockquote>Moderna 是一只延续周五趋势的股票。这家疫苗制造商的股价继周五大涨 20% 后又上涨了 10%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105707761","content_text":"Stocks rebounded on Monday following a major sell-off to end last week spurred by concerns about the Covid omicron variant.\nThe Dow Jones Industrial Average gained 368 points, or 1.1%. The S&P 500 added 1.2%. The tech-focused Nasdaq Composite rose about 1.5%.\n\nStocks that were the hardest hit on Friday were rebounding the most on Monday.\nTravel related names were up across the board. Carnival Corp. and Norwegian Cruise Lines were up more than 5% apiece. Royal Caribbean popped 6.5%. Airline stocks also charged higher with United Airlines up 3%, and Delta Airline and American Airline gaining about 1% each. Online travel booker Booking Holdings rose 2%.\nOne stock that continued its Friday trend was Moderna. The vaccine maker’s stock was up another 10% after jumping 20% on Friday.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1343,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":870281285,"gmtCreate":1636622279314,"gmtModify":1636622941494,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"Too expensive","listText":"Too expensive","text":"Too expensive","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/870281285","repostId":"1173011615","repostType":4,"repost":{"id":"1173011615","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1636621941,"share":"https://www.laohunote.com/m/news/1173011615?lang=zh_CN&edition=full","pubTime":"2021-11-11 17:12","market":"us","language":"en","title":"Rivian shares rose more than 8% in premarket as the stock jumped nearly 30% in its debut<blockquote>Rivian股价盘前上涨超过 8%，该股首日上涨近 30%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1173011615","media":"Tiger Newspress","summary":"Rivian shares rose more than 8% in premarket as the stock jumped nearly 30% in its debut.Rivian shares closed at $100.73 on last day, marking a nearly 30% jump from its offering price.That made Rivian the second most valuable U.S. automaker after Tesla Inc, which is worth $1.06 trillion. Despite just having started selling vehicles and having little revenue to report, Rivian ranked ahead of General Motors Co at $86.05 billion, Ford Motor Co at $77.37 billion, and Lucid Group at $65.96 billion.","content":"<p>Rivian&nbsp;shares&nbsp;rose&nbsp;more&nbsp;than&nbsp;8%&nbsp;in&nbsp;premarket&nbsp;as&nbsp;the&nbsp;stock&nbsp;jumped&nbsp;nearly&nbsp;30%&nbsp;in&nbsp;its&nbsp;debut.<img src=\"https://static.tigerbbs.com/0042964d25e0f3757ddd14f57aed6db6\" tg-width=\"898\" tg-height=\"625\" referrerpolicy=\"no-referrer\">Rivian shares closed at $100.73&nbsp;on&nbsp;last&nbsp;day, marking a nearly 30% jump from its offering price.</p><p><blockquote>Rivian股价盘前上涨超过 8%，该股首日上涨近 30%。Rivian股价昨日收于 100.73 美元，较发行价上涨近 30%。</blockquote></p><p> That made Rivian the second most valuable U.S. automaker after Tesla Inc, which is worth $1.06 trillion. Despite just having started selling vehicles and having little revenue to report, Rivian ranked ahead of General Motors Co&nbsp;at $86.05 billion, Ford Motor Co&nbsp;at $77.37 billion, and Lucid Group&nbsp;at $65.96 billion.</p><p><blockquote>这使得Rivian成为仅次于特斯拉公司（市值 1.06 万亿美元）的美国第二大最有价值汽车制造商。尽管刚刚开始销售汽车，几乎没有收入报告，但Rivian以 860.5 亿美元的价格领先于通用汽车公司、福特汽车公司（773.7 亿美元）和 Lucid Group（659.6 亿美元）。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rivian shares rose more than 8% in premarket as the stock jumped nearly 30% in its debut<blockquote>Rivian股价盘前上涨超过 8%，该股首日上涨近 30%</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\">\nRivian shares rose more than 8% in premarket as the stock jumped nearly 30% in its debut<blockquote>Rivian股价盘前上涨超过 8%，该股首日上涨近 30%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-11 17:12</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Rivian&nbsp;shares&nbsp;rose&nbsp;more&nbsp;than&nbsp;8%&nbsp;in&nbsp;premarket&nbsp;as&nbsp;the&nbsp;stock&nbsp;jumped&nbsp;nearly&nbsp;30%&nbsp;in&nbsp;its&nbsp;debut.<img src=\"https://static.tigerbbs.com/0042964d25e0f3757ddd14f57aed6db6\" tg-width=\"898\" tg-height=\"625\" referrerpolicy=\"no-referrer\">Rivian shares closed at $100.73&nbsp;on&nbsp;last&nbsp;day, marking a nearly 30% jump from its offering price.</p><p><blockquote>Rivian股价盘前上涨超过 8%，该股首日上涨近 30%。Rivian股价昨日收于 100.73 美元，较发行价上涨近 30%。</blockquote></p><p> That made Rivian the second most valuable U.S. automaker after Tesla Inc, which is worth $1.06 trillion. Despite just having started selling vehicles and having little revenue to report, Rivian ranked ahead of General Motors Co&nbsp;at $86.05 billion, Ford Motor Co&nbsp;at $77.37 billion, and Lucid Group&nbsp;at $65.96 billion.</p><p><blockquote>这使得Rivian成为仅次于特斯拉公司（市值 1.06 万亿美元）的美国第二大最有价值汽车制造商。尽管刚刚开始销售汽车，几乎没有收入报告，但Rivian以 860.5 亿美元的价格领先于通用汽车公司、福特汽车公司（773.7 亿美元）和 Lucid Group（659.6 亿美元）。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173011615","content_text":"Rivian shares rose more than 8% in premarket as the stock jumped nearly 30% in its debut.Rivian shares closed at $100.73 on last day, marking a nearly 30% jump from its offering price.\nThat made Rivian the second most valuable U.S. automaker after Tesla Inc, which is worth $1.06 trillion. Despite just having started selling vehicles and having little revenue to report, Rivian ranked ahead of General Motors Co at $86.05 billion, Ford Motor Co at $77.37 billion, and Lucid Group at $65.96 billion.","news_type":1,"symbols_score_info":{"RIVN":0.9}},"isVote":1,"tweetType":1,"viewCount":514,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":859066641,"gmtCreate":1634640752217,"gmtModify":1634640779155,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"Forefront of innovation!","listText":"Forefront of innovation!","text":"Forefront of innovation!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/859066641","repostId":"1185133403","repostType":4,"repost":{"id":"1185133403","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1634631070,"share":"https://www.laohunote.com/m/news/1185133403?lang=zh_CN&edition=full","pubTime":"2021-10-19 16:11","market":"us","language":"en","title":"Alibaba rose nearly 2% in premarket trading as it unveils one of China’s most advanced chips<blockquote>阿里巴巴-SW在盘前交易中上涨近2%，推出中国最先进的芯片之一</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1185133403","media":"Tiger Newspress","summary":"Alibaba rose nearly 2% in premarket trading, and its stocks’ price in Hong Kong jumped 1.17% on Tuesday.The company unveiled a new server chip that’s based on advanced 5-nanometer technology, marking a milestone in China’s pursuit of semiconductor self-sufficiency.The newest chip is based on micro-architecture provided by the SoftBank Group Corp.-owned Arm Ltd., according to a statement Tuesday. Alibaba, which is holding its annual cloud summit in Hangzhou, said the silicon will be put to use in","content":"<p>Alibaba rose nearly 2% in premarket trading, and its stocks’ price in Hong Kong jumped 1.17% on Tuesday.</p><p><blockquote>阿里巴巴-SW在盘前交易中上涨近2%，其港股价格周二大涨1.17%。</blockquote></p><p> &nbsp;<img src=\"https://static.tigerbbs.com/64d09abc429be4e1672683409ffa01e3\" tg-width=\"768\" tg-height=\"371\" width=\"100%\" height=\"auto\"></p><p><blockquote> </blockquote></p><p> The company unveiled a new server chip that’s based on advanced 5-nanometer technology, marking a milestone in China’s pursuit of semiconductor self-sufficiency.&nbsp;</p><p><blockquote>该公司推出了一款基于先进 5 纳米技术的新型服务器芯片，标志着中国追求半导体自给自足的一个里程碑。</blockquote></p><p> The newest chip is based on micro-architecture provided by the SoftBank Group Corp.-owned Arm Ltd., according to a statement Tuesday. Alibaba, which is holding its annual cloud summit in Hangzhou, said the silicon will be put to use in its own data centers in the “near future” and will not be sold commercially, at least for now.</p><p><blockquote>根据周二的一份声明，最新芯片基于软银集团公司旗下的Arm Ltd.提供的微架构。正在杭州举行年度云峰会的阿里巴巴-SW表示，这种芯片将在 “不久的将来 ”在其自己的数据中心投入使用，至少目前不会进行商业销售。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba rose nearly 2% in premarket trading as it unveils one of China’s most advanced chips<blockquote>阿里巴巴-SW在盘前交易中上涨近2%，推出中国最先进的芯片之一</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\">\nAlibaba rose nearly 2% in premarket trading as it unveils one of China’s most advanced chips<blockquote>阿里巴巴-SW在盘前交易中上涨近2%，推出中国最先进的芯片之一</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-10-19 16:11</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Alibaba rose nearly 2% in premarket trading, and its stocks’ price in Hong Kong jumped 1.17% on Tuesday.</p><p><blockquote>阿里巴巴-SW在盘前交易中上涨近2%，其港股价格周二大涨1.17%。</blockquote></p><p> &nbsp;<img src=\"https://static.tigerbbs.com/64d09abc429be4e1672683409ffa01e3\" tg-width=\"768\" tg-height=\"371\" width=\"100%\" height=\"auto\"></p><p><blockquote> </blockquote></p><p> The company unveiled a new server chip that’s based on advanced 5-nanometer technology, marking a milestone in China’s pursuit of semiconductor self-sufficiency.&nbsp;</p><p><blockquote>该公司推出了一款基于先进 5 纳米技术的新型服务器芯片，标志着中国追求半导体自给自足的一个里程碑。</blockquote></p><p> The newest chip is based on micro-architecture provided by the SoftBank Group Corp.-owned Arm Ltd., according to a statement Tuesday. Alibaba, which is holding its annual cloud summit in Hangzhou, said the silicon will be put to use in its own data centers in the “near future” and will not be sold commercially, at least for now.</p><p><blockquote>根据周二的一份声明，最新芯片基于软银集团公司旗下的Arm Ltd.提供的微架构。正在杭州举行年度云峰会的阿里巴巴-SW表示，这种芯片将在 “不久的将来 ”在其自己的数据中心投入使用，至少目前不会进行商业销售。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185133403","content_text":"Alibaba rose nearly 2% in premarket trading, and its stocks’ price in Hong Kong jumped 1.17% on Tuesday.\n \nThe company unveiled a new server chip that’s based on advanced 5-nanometer technology, marking a milestone in China’s pursuit of semiconductor self-sufficiency. \nThe newest chip is based on micro-architecture provided by the SoftBank Group Corp.-owned Arm Ltd., according to a statement Tuesday. Alibaba, which is holding its annual cloud summit in Hangzhou, said the silicon will be put to use in its own data centers in the “near future” and will not be sold commercially, at least for now.","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":524,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605187336,"gmtCreate":1639130104604,"gmtModify":1639130104742,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"Overvalued","listText":"Overvalued","text":"Overvalued","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/605187336","repostId":"1133845166","repostType":2,"repost":{"id":"1133845166","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639130022,"share":"https://www.laohunote.com/m/news/1133845166?lang=zh_CN&edition=full","pubTime":"2021-12-10 17:53","market":"us","language":"en","title":"Grab shares dropped another 2% in premarket trading<blockquote>Grab 股价在盘前交易中又下跌 2%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1133845166","media":"Tiger Newspress","summary":"Grab shares dropped another 2% in premarket trading.The stock fell more than 9% yesterday.","content":"<p>Grab shares dropped another 2% in premarket trading.The stock fell more than 9% yesterday.</p><p><blockquote>Grab 股价在盘前交易中又下跌 2%。该股昨天下跌超过9%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c53085cee57f6060446a02aa58e6a691\" tg-width=\"843\" tg-height=\"619\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab shares dropped another 2% in premarket trading<blockquote>Grab 股价在盘前交易中又下跌 2%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab shares dropped another 2% in premarket trading<blockquote>Grab 股价在盘前交易中又下跌 2%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-10 17:53</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Grab shares dropped another 2% in premarket trading.The stock fell more than 9% yesterday.</p><p><blockquote>Grab 股价在盘前交易中又下跌 2%。该股昨天下跌超过9%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c53085cee57f6060446a02aa58e6a691\" tg-width=\"843\" tg-height=\"619\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133845166","content_text":"Grab shares dropped another 2% in premarket trading.The stock fell more than 9% yesterday.","news_type":1,"symbols_score_info":{"GRAB":0.9}},"isVote":1,"tweetType":1,"viewCount":3573,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":822186927,"gmtCreate":1634101627809,"gmtModify":1634101627898,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"Risky?","listText":"Risky?","text":"Risky?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/822186927","repostId":"2175273130","repostType":4,"isVote":1,"tweetType":1,"viewCount":612,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873937264,"gmtCreate":1636828509005,"gmtModify":1636828509185,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"This guy seems to be messing around sometimes&nbsp;","listText":"This guy seems to be messing around sometimes&nbsp;","text":"This guy seems to be messing around sometimes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/873937264","repostId":"1151602326","repostType":4,"isVote":1,"tweetType":1,"viewCount":878,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693145741,"gmtCreate":1639992193085,"gmtModify":1639992193255,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"What happen","listText":"What happen","text":"What happen","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/693145741","repostId":"1152008216","repostType":4,"repost":{"id":"1152008216","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639991203,"share":"https://www.laohunote.com/m/news/1152008216?lang=zh_CN&edition=full","pubTime":"2021-12-20 17:06","market":"us","language":"en","title":"EV stocks fell in premarket trading, with Tesla falling more than 2%.<blockquote>电动汽车股在盘前交易中下跌，特斯拉跌幅超过2%。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1152008216","media":"Tiger Newspress","summary":"EV stocks fell in premarket trading, with Tesla falling more than 2%.\nLucid, Nio, Li Auto and XPeng ","content":"<p>EV stocks fell in premarket trading,&nbsp;with&nbsp;Tesla&nbsp;falling&nbsp;more&nbsp;than&nbsp;2%.</p><p><blockquote>电动汽车股在盘前交易中下跌，特斯拉跌幅超过2%。</blockquote></p><p> Lucid,&nbsp;Nio,&nbsp;Li Auto and XPeng slid between 3% and 6%.<img src=\"https://static.tigerbbs.com/3570f7360ccafe4ece6a06cb3611efdf\" tg-width=\"709\" tg-height=\"587\" referrerpolicy=\"no-referrer\"></p><p><blockquote>Lucid、蔚来、理想汽车和小鹏汽车的跌幅在 3% 至 6% 之间。</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>EV stocks fell in premarket trading, with Tesla falling more than 2%.<blockquote>电动汽车股在盘前交易中下跌，特斯拉跌幅超过2%。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV stocks fell in premarket trading, with Tesla falling more than 2%.<blockquote>电动汽车股在盘前交易中下跌，特斯拉跌幅超过2%。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-20 17:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>EV stocks fell in premarket trading,&nbsp;with&nbsp;Tesla&nbsp;falling&nbsp;more&nbsp;than&nbsp;2%.</p><p><blockquote>电动汽车股在盘前交易中下跌，特斯拉跌幅超过2%。</blockquote></p><p> Lucid,&nbsp;Nio,&nbsp;Li Auto and XPeng slid between 3% and 6%.<img src=\"https://static.tigerbbs.com/3570f7360ccafe4ece6a06cb3611efdf\" tg-width=\"709\" tg-height=\"587\" referrerpolicy=\"no-referrer\"></p><p><blockquote>Lucid、蔚来、理想汽车和小鹏汽车的跌幅在 3% 至 6% 之间。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","NIO":"蔚来","XPEV":"小鹏集团","LCID":"Lucid Group Inc","LI":"理想汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152008216","content_text":"EV stocks fell in premarket trading, with Tesla falling more than 2%.\nLucid, Nio, Li Auto and XPeng slid between 3% and 6%.","news_type":1,"symbols_score_info":{"XPEV":0.9,"TSLA":0.9,"LI":0.9,"LCID":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":3716,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693424609,"gmtCreate":1640067313035,"gmtModify":1640067406217,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"GG","listText":"GG","text":"GG","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/693424609","repostId":"1181908837","repostType":4,"repost":{"id":"1181908837","kind":"news","pubTimestamp":1640063718,"share":"https://www.laohunote.com/m/news/1181908837?lang=zh_CN&edition=full","pubTime":"2021-12-21 13:15","market":"us","language":"en","title":"Sea Limited: Beware The Illusions Of Growth<blockquote>Sea Limited：谨防增长的幻想</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1181908837","media":"Seeking Alpha","summary":"Summary\n\nSea Limited has been one of the top sought-after pandemic plays. Both of its two engines - ","content":"<p>Summary</p><p><blockquote>总结</blockquote></p><p> <ul>  <li>Sea Limited has been one of the top sought-after pandemic plays. Both of its two engines - gaming and e-commerce - are key beneficiaries of the COVID-19 measures.</li>  <li>The uniqueness of SE, the ability to leverage its cash cow gaming unit to grow new businesses, has seen investors flocking to it. But these dynamics have changed.</li>  <li>The e-commerce unit's EBITDA is getting more negative by the quarter amid a shrinking GMV per order trend.</li>  <li>The profit from Garena is already unable to cover the losses from the other units in the past quarters. If Garena falters, the ability to \"subsidize\" the e-commerce and fintech arms would diminish further.</li>  <li>Analysts are projecting a persistent revenue growth slowdown in the coming quarters and years.</li> </ul> Investment thesis</p><p><blockquote><ul><li>Sea Limited 一直是最受欢迎的疫情剧之一。它的两个引擎——游戏和电子商务——都是新冠肺炎措施的主要受益者。</li><li>SE 的独特性，即利用其摇钱树游戏部门发展新业务的能力，吸引了投资者蜂拥而至。但这些动态已经改变。</li><li>由于每订单 GMV 趋势萎缩，电子商务部门的 EBITDA 本季度变得更加负面。</li><li>Garena 的利润已经无法弥补过去几个季度其他部门的损失。如果Garena步履蹒跚，“补贴”电子商务和金融科技武器的能力将进一步削弱。</li><li>分析师预计未来几个季度和几年收入增长将持续放缓。</li></ul>投资论文</blockquote></p><p> Sea Limited(NYSE:SE)has been one of the top sought-after pandemic plays. Both of its two engines - gaming and e-commerce - are key beneficiaries of the COVID-19 measures such as study/work-from-home. SE stock was already a solid performer pre-COVID, with gains surpassing that of its Chinese peer, Tencent Holdings (OTCPK:TCEHY) (OTCPK:TCTZF), and Latin American peer, MercadoLibre Inc. (MELI).</p><p><blockquote>Sea Limited（纽约证券交易所股票代码：SE）一直是最受欢迎的疫情公司之一。它的两个引擎——游戏和电子商务——都是学习/在家工作等新冠肺炎措施的主要受益者。SE 股票在新冠疫情爆发前就已经表现稳健，涨幅超过了中国同行腾讯控股控股 (OTCPK:TCEHY) (OTCPK:TCTZF) 和拉丁美洲同行 MercadoLibre Inc. (MELI)。</blockquote></p><p> Over the past three years, Sea Ltd. has seen its share price soar more than 3000 percent. After recent declines, SE stock is still up over 17 times from late December 2018. In the same period MELI stock is up 2.8 times while TCEHY stock is up only 47 percent.</p><p><blockquote>过去三年，Sea Ltd. 的股价飙升了 3000% 以上。在经历了最近的下跌之后，SE 股票自 2018 年 12 月下旬以来仍上涨了 17 倍以上。同期，MELI 股票上涨了 2.8 倍，而 TCEHY 股票仅上涨了 47%。</blockquote></p><p> Strictly speaking, Sea Limited doesn't have an equivalent among the large internet companies. Its gaming business is highly profitable, enabling it to fund its heavily loss-making e-commerce and fintech units. MercadoLibre hosts the largest online commerce and payments ecosystem in Latin America and it doesn't count gaming as a core business.</p><p><blockquote>严格来说，Sea Limited在大型互联网公司中没有可比性。其游戏业务利润丰厚，使其能够为亏损严重的电子商务和金融科技部门提供资金。MercadoLibre拥有拉丁美洲最大的在线商务和支付生态系统，它不将游戏视为核心业务。</blockquote></p><p> Tencent is big in gaming and fintech but its e-commerce ambitions are mostly manifested through its investments in related companies. Alibaba Group Holding (BABA) is huge in e-commerce and fintech but gaming is not a meaningful division on its own.</p><p><blockquote>腾讯控股在游戏和金融科技领域很大，但其电子商务雄心主要体现在对相关公司的投资上。阿里巴巴-SW集团控股公司（BABA）在电子商务和金融科技领域规模庞大，但游戏本身并不是一个有意义的部门。</blockquote></p><p> Sea Limited's peers in Southeast Asia are also having different backgrounds. Grab Holdings Limited (GRAB) started as a ride-hailing platform and subsequently branched into fintech and on-demand delivery including groceries. Indonesia's GoTo Group (GOTO) is formed from the merger of the two largest startups in the country - ride-hailing giant Gojek and e-commerce company Tokopedia.</p><p><blockquote>Sea Limited在东南亚的同行也有不同的背景。Grab Holdings Limited (GRAB) 最初是一个叫车平台，随后扩展到金融科技和包括食品杂货在内的按需配送领域。印度尼西亚的GoTo集团（GoTo）由该国最大的两家初创公司——打车巨头Gojek和电子商务公司Tokopedia合并而成。</blockquote></p><p> Thus, the uniqueness of Sea Limited, particularly the ability to leverage its cash cow gaming unit to grow new businesses, has seen investors flocking to this tech firm halfway around the globe from the U.S. However, the growth at its gaming unit, Garena, which the company categorizes as Digital Entertainment, registered a dramatic slowdown in the third quarter of 2021.</p><p><blockquote>因此，Sea Limited 的独特性，特别是利用其摇钱树游戏部门发展新业务的能力，使得投资者从美国涌向地球另一端的这家科技公司。然而，其游戏部门 Garena（该公司将其归类为数字娱乐）的增长在 2021 年第三季度大幅放缓。</blockquote></p><p> Although the gross orders and GMV metrics are still showing healthy growth, the e-commerce unit's EBITDA is getting more negative by the quarter. The total adjusted EBITDA for Sea Limited has flipped to negative this year. In other words, the profitable gaming business is no longer able to offset the escalating losses from the e-commerce and digital financial services divisions.</p><p><blockquote>尽管总订单和 GMV 指标仍呈现健康增长，但电子商务部门的 EBITDA 在本季度变得更加负。Sea Limited 的调整后 EBITDA 总额今年已转为负值。换句话说，盈利的博彩业务已无法抵消电子商务和数字金融服务部门不断上升的亏损。</blockquote></p><p> At the same time, share-based compensation continues to rise steadily. Competition in the region is also heating up, with GRAB coming to public view following its merger with a SPAC, and GoTo Group eager to show solid growth figures in the&nbsp;prelude&nbsp;to its IPO.</p><p><blockquote>与此同时，股权薪酬继续稳步上升。该地区的竞争也在加剧，GRAB 在与 SPAC 合并后进入公众视野，而 GoTo Group 渴望在 IPO 前奏中展示稳健的增长数据。</blockquote></p><p> Hence, while I'm late to the warning party, with the SE stock down 42 percent from its recent peak, the steepest fall since it became publicly traded, I believe there could be further downside over the months ahead.</p><p><blockquote>因此，虽然我发出警告晚了，SE 股价较最近的峰值下跌了 42%，这是自公开交易以来的最大跌幅，但我相信未来几个月可能会出现进一步的下跌。</blockquote></p><p> Thus, the motivation of this article is to delve deeper into the seemingly incomplete picture provided by the results presentations to understand the health of Sea Limited's e-commerce business. I will also highlight the ballooning losses as the divisions named E-Commerce and Digital Financial Services scale up.</p><p><blockquote>因此，本文的动机是更深入地研究结果演示提供的看似不完整的图景，以了解Sea Limited电子商务业务的健康状况。我还将强调随着电子商务和数字金融服务部门规模的扩大，亏损不断膨胀。</blockquote></p><p> GMV growth tells only a partial (and possibly erroneous) story</p><p><blockquote>GMV 增长只讲述了一个部分（并且可能是错误的）故事</blockquote></p><p></p><p> Sea Limited's e-commerce arm, Shopee, has successfully increased its gross orders from 0.6 billion in 2Q 2020 to 1.7 billion in 3Q 2021, nearly tripling during the interval. Shopee's gross merchandise value (GMV) more than doubled from US$8.0 billion in 2Q 2020 to US$16.8 billion in 3Q 2021.<img src=\"https://static.tigerbbs.com/c762afa3d2ab4131c56afe6ee34fdb07\" tg-width=\"652\" tg-height=\"328\" width=\"100%\" height=\"auto\">While the growth figures look all fantastic, we need to understand the gross order numbers have been increasing at a faster pace than the GMV. In other words, the value per transaction has been declining steadily. The GMV per gross order has fallen from $13.3 in Q3 2020 to $9.9 in Q3 2021. I estimated this to reduce further to around $9.3 for the final quarter of 2021 if the trend continues.<img src=\"https://static.tigerbbs.com/aac28723c01b836c9673b49744926e09\" tg-width=\"652\" tg-height=\"391\" width=\"100%\" height=\"auto\">A smaller value per order may help Shopee gain from transaction-based fees. However, it's hard to see how the rising prevalence of lower value items helps with monetizing value-added services and advertising revenue over the long run.</p><p><blockquote>Sea Limited 的电子商务部门 Shopee 已成功将其总订单量从 2020 年第二季度的 6 亿增加到 2021 年第三季度的 17 亿，在此期间增长了近两倍。Shopee 的商品总价值 (GMV) 从 2020 年第二季度的 80 亿美元增长到 2021 年第三季度的 168 亿美元，增长了一倍多。虽然增长数据看起来都很棒，但我们需要了解总订单数量的增长速度比 GMV 还要快。换句话说，每笔交易的价值一直在稳步下降。每笔总订单的GMV从2020年第三季度的13.3美元下降到2021年第三季度的9.9美元。我估计，如果这一趋势继续下去，2021 年最后一个季度将进一步降至 9.3 美元左右。每个订单的较小价值可能有助于 Shopee 从基于交易的费用中获益。然而，从长远来看，很难看出低价值商品的日益普及如何有助于增值服务和广告收入的货币化。</blockquote></p><p> For now, Shopee is still reporting healthy monetization, with GAAP revenue as a percentage of total GMV rising to 8.6 percent from 6.7 percent in the third quarter of 2020. GAAP e-commerce revenue grew 134 percent from last year to reach $1.5 billion.</p><p><blockquote>目前，Shopee 仍报告健康的货币化，GAAP 收入占总 GMV 的百分比从 2020 年第三季度的 6.7% 上升至 8.6%。GAAP 电子商务收入较去年增长 134%，达到 15 亿美元。</blockquote></p><p> To reverse the shrinking GMV per order trend, Shopee would need to sell larger ticket items like luxury products. Shopee recognizes this and it launched Shopee Premium, a delicate section on Shopee for select brand partners in the luxury segment, a year ago.</p><p><blockquote>为了扭转每订单 GMV 萎缩的趋势，Shopee 需要销售奢侈品等更大的门票商品。Shopee 认识到了这一点，并在一年前推出了 Shopee Premium，这是 Shopee 上针对奢侈品领域精选品牌合作伙伴的一个精致版块。</blockquote></p><p> It remains to be seen if Shopee can improve the user experience sufficiently to entice users to shop luxury items on its app. In its present form, based on my experience and the feedback I gathered from friends, navigation on the Shopee app can be frustrating at times and the product information page leaves much to be desired.</p><p><blockquote>Shopee能否充分改善用户体验，以吸引用户在其应用程序上购买奢侈品，还有待观察。根据我的经验和从朋友那里收集的反馈，在目前的形式下，Shopee应用程序上的导航有时会令人沮丧，产品信息页面还有很多不足之处。</blockquote></p><p> Nonetheless, we are flocking to Shopee for the great bargains offered on the platform. There are plenty of deeply discounted items during \"flash sales\" periods, which have become increasingly prevalent. Would users return to Shopee when it stops being aggressive on promotions and if competing platforms turn on their respective campaigns?</p><p><blockquote>尽管如此，我们还是涌向Shopee，寻找平台上提供的超值优惠。在“闪购”期间有很多大幅折扣的商品，这种情况变得越来越普遍。当Shopee不再积极促销时，如果竞争平台开始各自的活动，用户会回到Shopee吗？</blockquote></p><p> Unless the luxury products are heavily discounted, I question why users would buy on Shopee otherwise, at least based on the current interface. Then again, luxury brands wouldn't want to sully their image with steep offers on Shopee, or Shopee Premium, for that matter.</p><p><blockquote>除非奢侈品大幅打折，否则我质疑用户为什么会在Shopee上购买，至少基于当前的界面。话又说回来，奢侈品牌不想在 Shopee 或 Shopee Premium 上提供高额优惠来玷污自己的形象。</blockquote></p><p> A lower GMV per transaction would also imply that Shopee's operating cost could be rising, considering the larger bandwidth and processing efforts required in handling the growing orders.</p><p><blockquote>考虑到处理不断增长的订单所需的更大带宽和处理工作量，每笔交易的 GMV 较低也意味着 Shopee 的运营成本可能会上升。</blockquote></p><p> Losses keep ballooning, share-based compensation keeps rising</p><p><blockquote>亏损不断膨胀，股权薪酬不断上升</blockquote></p><p> GAAP e-commerce revenue growth is healthy and even outpacing the GMV growth. That means Sea Limited's Shopee is increasing its monetization. However, is all well and good?</p><p><blockquote>GAAP电子商务收入增长健康，甚至超过了GMV增长。这意味着 Sea Limited 的 Shopee 正在增加其货币化。然而，一切都好吗？</blockquote></p><p> Sea Limited's total revenues have risen rapidly over the past years, but so have its losses. Just looking at the cost of revenues and total operating expenses, these have soared, growing exponentially in recent years. If we just obsess with growing sales at all costs, then we can ignore the escalating losses.</p><p><blockquote>Sea Limited 的总收入在过去几年中迅速上升，但其亏损也在迅速增加。只要看看收入成本和总运营费用，这些都在飙升，近年来呈指数级增长。如果我们只是痴迷于不惜一切代价增加销售额，那么我们就可以忽略不断上升的亏损。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7ef17a9a9a279c55673ba39f1dd74577\" tg-width=\"625\" tg-height=\"418\" width=\"100%\" height=\"auto\">However, can shareholders be comfortable with the skyrocketing losses over another few years? Sea Limited looks set to end 2021 with a larger loss than last year, which already saw a substantially higher loss than 2019. One major driver of this is the inability of the Digital Entertainment division to offset the losses from the other two core business units - E-Commerce and Digital Financial Services. This resulted in the total adjusted EBITDA sinking to a negative $165.5 million in the third quarter of 2021 compared to a $120.4 billion gain in the same period last year.</p><p><blockquote>然而，股东们能接受未来几年飙升的亏损吗？Sea Limited 看起来将在 2021 年底出现比去年更大的亏损，而去年的亏损已经远高于 2019 年。其中一个主要驱动因素是数字娱乐部门无法抵消其他两个核心业务部门——电子商务和数字金融服务——的损失。这导致 2021 年第三季度调整后 EBITDA 总额降至负 1.655 亿美元，而去年同期为 1204 亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7613c5f9692fd8549e9da2f931ab3a68\" tg-width=\"613\" tg-height=\"509\" width=\"100%\" height=\"auto\">We often hear the bear case saying that if these pandemic beneficiaries cannot turn their economies of scale into profitability with this massive tailwind, when will they ever? Despite ever-rising revenues, Sea Ltd. has been posting a downtrend in its operating income and net income. Sea Ltd.'s net income reached a staggering $1.95 billion on a trailing twelve-month basis as of the third quarter of 2021.</p><p><blockquote>我们经常听到熊的案例说，如果这些疫情受益者不能在这种巨大的顺风下将他们的规模经济转化为盈利，他们什么时候才能实现？尽管收入不断增长，Sea Ltd. 的经营利润和净利润却呈下降趋势。截至 2021 年第三季度，Sea Ltd. 过去 12 个月的净利润达到惊人的 19.5 亿美元。</blockquote></p><p></p><p> The bull camp can defend Sea Limited saying it is still investing in user growth and new businesses. That's fair. However, are shareholders aware that Wall Street analysts have projected a significant slowdown in Sea Ltd.'s revenue growth? On a consensus basis, its Q4 2021 revenue would slow further to 93.5 percent and the subsequent quarters will continue the deceleration to post 16.1 percent year-on-year growth by the fourth quarter of 2023.</p><p><blockquote>多头阵营可以为 Sea Limited 辩护，称其仍在投资用户增长和新业务。这很公平。然而，股东是否意识到华尔街分析师预测 Sea Ltd. 的收入增长将大幅放缓？根据共识，其 2021 年第四季度收入将进一步放缓至 93.5%，随后几个季度将继续放缓，到 2023 年第四季度同比增长 16.1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/547ca89e5de6c8d087dfbd50dd92c0d7\" tg-width=\"593\" tg-height=\"371\" width=\"100%\" height=\"auto\">Looking further out, Sea Limited's revenue growth on a year-on-year basis is estimated to shrink from 114.6 percent in 2021 to 50.1 percent next year and a mere 8.8 percent by the end of 2025.<img src=\"https://static.tigerbbs.com/61d4ffb56269c34a8a17dfcd097375cc\" tg-width=\"612\" tg-height=\"249\" width=\"100%\" height=\"auto\">The bulls could argue that Sea Limited has a strong track record of surpassing the consensus revenue estimates. In the 16 quarters of posting earnings as a public company, it has only one miss (Q1 2021) and that was a very minor one. This suggests that analysts have been conservative in their forecasts on Sea Limited and there is room for upward adjustments in the coming quarters.<img src=\"https://static.tigerbbs.com/77fd8b53015b510bb1e02139cd50a625\" tg-width=\"615\" tg-height=\"325\" width=\"100%\" height=\"auto\">However, if Sea Limited maintains its breakneck revenue growth while its profitability doesn't improve to a positive in the coming years, analysts and shareholders would be hard-pressed to find a convincing reason to keep their faith in the company. According to the consensus estimates, Sea Limited wouldn't see a positive profit before 2024.<img src=\"https://static.tigerbbs.com/f88fc46a02603196127dcef0701f4529\" tg-width=\"620\" tg-height=\"186\" width=\"100%\" height=\"auto\">The projection showing an improving EPS trend is comforting. However, in contrast with its revenue beats, Sea Limited has long been challenged in meeting analysts' expectations of its earnings. Except for one lone quarter, Sea Limited has delivered negative surprises for all its reported quarterly EPS. In the last reported quarter, Sea Limited missed by a whopping 37.4 percent.</p><p><blockquote>展望未来，Sea Limited 的收入同比增长率预计将从 2021 年的 114.6% 萎缩至明年的 50.1%，到 2025 年底仅为 8.8%。看涨者可能会认为 Sea Limited 拥有超出普遍收入预期的良好记录。在作为一家上市公司公布收益的 16 个季度中，它只有一次失败（2021 年第一季度），而且是一次非常轻微的失败。这表明分析师对 Sea Limited 的预测一直保守，未来几个季度还有上调的空间。然而，如果 Sea Limited 保持快速增长的收入，而其盈利能力在未来几年却没有改善为正，分析师和股东将很难找到令人信服的理由来保持对该公司的信心。根据普遍估计，Sea Limited 在 2024 年之前不会实现正利润。显示每股收益改善趋势的预测令人欣慰。然而，与其收入增长形成鲜明对比的是，Sea Limited 长期以来在满足分析师对其盈利的预期方面一直面临挑战。除了一个季度外，Sea Limited 报告的所有季度每股收益均出现负面意外。在上一个报告季度，Sea Limited 的亏损高达 37.4%。</blockquote></p><p> The largest-ever miss was in March 2020 where the reported EPS was 78.9 percent lower than the consensus. This meant that the above analyst estimates for its EPS could be optimistic and Sea Limited may not see a positive profit even in 2024 or 2025.</p><p><blockquote>有史以来最大的失误发生在 2020 年 3 月，当时报告的每股收益比市场预期低 78.9%。这意味着上述分析师对其每股收益的预测可能是乐观的，Sea Limited 即使在 2024 年或 2025 年也可能不会实现正利润。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/373d1efa57c3058f0cb2d6628368087f\" tg-width=\"627\" tg-height=\"322\" width=\"100%\" height=\"auto\">Hedgeye recently named Sea Limited as its&nbsp;best idea short. The research firm called Sea Limited's flagship game Garena Free Fire a \"one-hit wonder whose performance has peaked.\" The profit from Garena is already unable to cover the losses from the other units in the past quarters. If Garena falters, the ability to 'subsidize' the e-commerce and fintech arms would diminish further. Constraining the freewheeling 'spending' for the latter two units may result in slower growth that reverses the bull camp's thesis.</p><p><blockquote>Hedgeye 最近将 Sea Limited 命名为其最佳创意空头。该研究公司称 Sea Limited 的旗舰游戏 Garena Free Fire 是“性能达到顶峰的一次性奇迹”。Garena 的利润已经无法弥补过去几个季度其他部门的损失。如果 Garena 步履蹒跚，“补贴”电子商务和金融科技领域的能力将进一步削弱。限制后两个单位的随意“支出”可能会导致增长放缓，从而推翻牛市阵营的论点。</blockquote></p><p> Never mind the widening losses, shareholders can wait, the management might have reasoned. Meanwhile, Sea Limited remains generous with its share-based compensation [SBC]. The SBC is projected to rise to $133.4 million for the final quarter of 2021. This is a sharp rise from the mere $34.9 million given out in 2019 4Q.</p><p><blockquote>别介意亏损不断扩大，股东可以等待，管理层可能已经给出了理由。与此同时，Sea Limited 仍然慷慨地提供基于股份的薪酬 [SBC]。预计到2021年最后一个季度，SBC将增至1.334亿美元。这比 2019 年第四季度仅发放的 3490 万美元大幅上升。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/de99388fbd2c5d34db0aa558e6665dbe\" tg-width=\"633\" tg-height=\"416\" width=\"100%\" height=\"auto\">It may be worthwhile to note that the outstanding shares count of Sea Limited has doubled from 2017. In September, the company&nbsp;made&nbsp;a direct public offering of 11 million American Depositary Shares and 0.25 percent convertible senior unsecured notes with an aggregate principal of US$2.5 billion.</p><p><blockquote>值得注意的是，Sea Limited 的流通股数量自 2017 年以来翻了一番。9月，该公司直接公开发行1100万股美国存托股票和0.25%可转换优先无担保票据，本金总额为25亿美元。</blockquote></p><p> Sea Limited said then that it planned \"to use the net proceeds from the Offerings for business expansion and other general corporate purposes, including potential strategic investments and acquisitions.\" Could its international expansion endeavors support Sea Limited in perpetuating its high-growth story? At the expense of escalating costs amid a reckoning of pandemic stocks?</p><p><blockquote>Sea Limited 当时表示，计划“将此次发行的净收益用于业务扩张和其他一般企业目的，包括潜在的战略投资和收购。”其国际扩张努力能否支持 Sea Limited 延续其高增长故事？在清算大流行库存的情况下，以不断上升的成本为代价？</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Limited: Beware The Illusions Of Growth<blockquote>Sea Limited：谨防增长的幻想</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\">\nSea Limited: Beware The Illusions Of Growth<blockquote>Sea Limited：谨防增长的幻想</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-12-21 13:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Summary</p><p><blockquote>总结</blockquote></p><p> <ul>  <li>Sea Limited has been one of the top sought-after pandemic plays. Both of its two engines - gaming and e-commerce - are key beneficiaries of the COVID-19 measures.</li>  <li>The uniqueness of SE, the ability to leverage its cash cow gaming unit to grow new businesses, has seen investors flocking to it. But these dynamics have changed.</li>  <li>The e-commerce unit's EBITDA is getting more negative by the quarter amid a shrinking GMV per order trend.</li>  <li>The profit from Garena is already unable to cover the losses from the other units in the past quarters. If Garena falters, the ability to \"subsidize\" the e-commerce and fintech arms would diminish further.</li>  <li>Analysts are projecting a persistent revenue growth slowdown in the coming quarters and years.</li> </ul> Investment thesis</p><p><blockquote><ul><li>Sea Limited 一直是最受欢迎的疫情剧之一。它的两个引擎——游戏和电子商务——都是新冠肺炎措施的主要受益者。</li><li>SE 的独特性，即利用其摇钱树游戏部门发展新业务的能力，吸引了投资者蜂拥而至。但这些动态已经改变。</li><li>由于每订单 GMV 趋势萎缩，电子商务部门的 EBITDA 本季度变得更加负面。</li><li>Garena 的利润已经无法弥补过去几个季度其他部门的损失。如果Garena步履蹒跚，“补贴”电子商务和金融科技武器的能力将进一步削弱。</li><li>分析师预计未来几个季度和几年收入增长将持续放缓。</li></ul>投资论文</blockquote></p><p> Sea Limited(NYSE:SE)has been one of the top sought-after pandemic plays. Both of its two engines - gaming and e-commerce - are key beneficiaries of the COVID-19 measures such as study/work-from-home. SE stock was already a solid performer pre-COVID, with gains surpassing that of its Chinese peer, Tencent Holdings (OTCPK:TCEHY) (OTCPK:TCTZF), and Latin American peer, MercadoLibre Inc. (MELI).</p><p><blockquote>Sea Limited（纽约证券交易所股票代码：SE）一直是最受欢迎的疫情公司之一。它的两个引擎——游戏和电子商务——都是学习/在家工作等新冠肺炎措施的主要受益者。SE 股票在新冠疫情爆发前就已经表现稳健，涨幅超过了中国同行腾讯控股控股 (OTCPK:TCEHY) (OTCPK:TCTZF) 和拉丁美洲同行 MercadoLibre Inc. (MELI)。</blockquote></p><p> Over the past three years, Sea Ltd. has seen its share price soar more than 3000 percent. After recent declines, SE stock is still up over 17 times from late December 2018. In the same period MELI stock is up 2.8 times while TCEHY stock is up only 47 percent.</p><p><blockquote>过去三年，Sea Ltd. 的股价飙升了 3000% 以上。在经历了最近的下跌之后，SE 股票自 2018 年 12 月下旬以来仍上涨了 17 倍以上。同期，MELI 股票上涨了 2.8 倍，而 TCEHY 股票仅上涨了 47%。</blockquote></p><p> Strictly speaking, Sea Limited doesn't have an equivalent among the large internet companies. Its gaming business is highly profitable, enabling it to fund its heavily loss-making e-commerce and fintech units. MercadoLibre hosts the largest online commerce and payments ecosystem in Latin America and it doesn't count gaming as a core business.</p><p><blockquote>严格来说，Sea Limited在大型互联网公司中没有可比性。其游戏业务利润丰厚，使其能够为亏损严重的电子商务和金融科技部门提供资金。MercadoLibre拥有拉丁美洲最大的在线商务和支付生态系统，它不将游戏视为核心业务。</blockquote></p><p> Tencent is big in gaming and fintech but its e-commerce ambitions are mostly manifested through its investments in related companies. Alibaba Group Holding (BABA) is huge in e-commerce and fintech but gaming is not a meaningful division on its own.</p><p><blockquote>腾讯控股在游戏和金融科技领域很大，但其电子商务雄心主要体现在对相关公司的投资上。阿里巴巴-SW集团控股公司（BABA）在电子商务和金融科技领域规模庞大，但游戏本身并不是一个有意义的部门。</blockquote></p><p> Sea Limited's peers in Southeast Asia are also having different backgrounds. Grab Holdings Limited (GRAB) started as a ride-hailing platform and subsequently branched into fintech and on-demand delivery including groceries. Indonesia's GoTo Group (GOTO) is formed from the merger of the two largest startups in the country - ride-hailing giant Gojek and e-commerce company Tokopedia.</p><p><blockquote>Sea Limited在东南亚的同行也有不同的背景。Grab Holdings Limited (GRAB) 最初是一个叫车平台，随后扩展到金融科技和包括食品杂货在内的按需配送领域。印度尼西亚的GoTo集团（GoTo）由该国最大的两家初创公司——打车巨头Gojek和电子商务公司Tokopedia合并而成。</blockquote></p><p> Thus, the uniqueness of Sea Limited, particularly the ability to leverage its cash cow gaming unit to grow new businesses, has seen investors flocking to this tech firm halfway around the globe from the U.S. However, the growth at its gaming unit, Garena, which the company categorizes as Digital Entertainment, registered a dramatic slowdown in the third quarter of 2021.</p><p><blockquote>因此，Sea Limited 的独特性，特别是利用其摇钱树游戏部门发展新业务的能力，使得投资者从美国涌向地球另一端的这家科技公司。然而，其游戏部门 Garena（该公司将其归类为数字娱乐）的增长在 2021 年第三季度大幅放缓。</blockquote></p><p> Although the gross orders and GMV metrics are still showing healthy growth, the e-commerce unit's EBITDA is getting more negative by the quarter. The total adjusted EBITDA for Sea Limited has flipped to negative this year. In other words, the profitable gaming business is no longer able to offset the escalating losses from the e-commerce and digital financial services divisions.</p><p><blockquote>尽管总订单和 GMV 指标仍呈现健康增长，但电子商务部门的 EBITDA 在本季度变得更加负。Sea Limited 的调整后 EBITDA 总额今年已转为负值。换句话说，盈利的博彩业务已无法抵消电子商务和数字金融服务部门不断上升的亏损。</blockquote></p><p> At the same time, share-based compensation continues to rise steadily. Competition in the region is also heating up, with GRAB coming to public view following its merger with a SPAC, and GoTo Group eager to show solid growth figures in the&nbsp;prelude&nbsp;to its IPO.</p><p><blockquote>与此同时，股权薪酬继续稳步上升。该地区的竞争也在加剧，GRAB 在与 SPAC 合并后进入公众视野，而 GoTo Group 渴望在 IPO 前奏中展示稳健的增长数据。</blockquote></p><p> Hence, while I'm late to the warning party, with the SE stock down 42 percent from its recent peak, the steepest fall since it became publicly traded, I believe there could be further downside over the months ahead.</p><p><blockquote>因此，虽然我发出警告晚了，SE 股价较最近的峰值下跌了 42%，这是自公开交易以来的最大跌幅，但我相信未来几个月可能会出现进一步的下跌。</blockquote></p><p> Thus, the motivation of this article is to delve deeper into the seemingly incomplete picture provided by the results presentations to understand the health of Sea Limited's e-commerce business. I will also highlight the ballooning losses as the divisions named E-Commerce and Digital Financial Services scale up.</p><p><blockquote>因此，本文的动机是更深入地研究结果演示提供的看似不完整的图景，以了解Sea Limited电子商务业务的健康状况。我还将强调随着电子商务和数字金融服务部门规模的扩大，亏损不断膨胀。</blockquote></p><p> GMV growth tells only a partial (and possibly erroneous) story</p><p><blockquote>GMV 增长只讲述了一个部分（并且可能是错误的）故事</blockquote></p><p></p><p> Sea Limited's e-commerce arm, Shopee, has successfully increased its gross orders from 0.6 billion in 2Q 2020 to 1.7 billion in 3Q 2021, nearly tripling during the interval. Shopee's gross merchandise value (GMV) more than doubled from US$8.0 billion in 2Q 2020 to US$16.8 billion in 3Q 2021.<img src=\"https://static.tigerbbs.com/c762afa3d2ab4131c56afe6ee34fdb07\" tg-width=\"652\" tg-height=\"328\" width=\"100%\" height=\"auto\">While the growth figures look all fantastic, we need to understand the gross order numbers have been increasing at a faster pace than the GMV. In other words, the value per transaction has been declining steadily. The GMV per gross order has fallen from $13.3 in Q3 2020 to $9.9 in Q3 2021. I estimated this to reduce further to around $9.3 for the final quarter of 2021 if the trend continues.<img src=\"https://static.tigerbbs.com/aac28723c01b836c9673b49744926e09\" tg-width=\"652\" tg-height=\"391\" width=\"100%\" height=\"auto\">A smaller value per order may help Shopee gain from transaction-based fees. However, it's hard to see how the rising prevalence of lower value items helps with monetizing value-added services and advertising revenue over the long run.</p><p><blockquote>Sea Limited 的电子商务部门 Shopee 已成功将其总订单量从 2020 年第二季度的 6 亿增加到 2021 年第三季度的 17 亿，在此期间增长了近两倍。Shopee 的商品总价值 (GMV) 从 2020 年第二季度的 80 亿美元增长到 2021 年第三季度的 168 亿美元，增长了一倍多。虽然增长数据看起来都很棒，但我们需要了解总订单数量的增长速度比 GMV 还要快。换句话说，每笔交易的价值一直在稳步下降。每笔总订单的GMV从2020年第三季度的13.3美元下降到2021年第三季度的9.9美元。我估计，如果这一趋势继续下去，2021 年最后一个季度将进一步降至 9.3 美元左右。每个订单的较小价值可能有助于 Shopee 从基于交易的费用中获益。然而，从长远来看，很难看出低价值商品的日益普及如何有助于增值服务和广告收入的货币化。</blockquote></p><p> For now, Shopee is still reporting healthy monetization, with GAAP revenue as a percentage of total GMV rising to 8.6 percent from 6.7 percent in the third quarter of 2020. GAAP e-commerce revenue grew 134 percent from last year to reach $1.5 billion.</p><p><blockquote>目前，Shopee 仍报告健康的货币化，GAAP 收入占总 GMV 的百分比从 2020 年第三季度的 6.7% 上升至 8.6%。GAAP 电子商务收入较去年增长 134%，达到 15 亿美元。</blockquote></p><p> To reverse the shrinking GMV per order trend, Shopee would need to sell larger ticket items like luxury products. Shopee recognizes this and it launched Shopee Premium, a delicate section on Shopee for select brand partners in the luxury segment, a year ago.</p><p><blockquote>为了扭转每订单 GMV 萎缩的趋势，Shopee 需要销售奢侈品等更大的门票商品。Shopee 认识到了这一点，并在一年前推出了 Shopee Premium，这是 Shopee 上针对奢侈品领域精选品牌合作伙伴的一个精致版块。</blockquote></p><p> It remains to be seen if Shopee can improve the user experience sufficiently to entice users to shop luxury items on its app. In its present form, based on my experience and the feedback I gathered from friends, navigation on the Shopee app can be frustrating at times and the product information page leaves much to be desired.</p><p><blockquote>Shopee能否充分改善用户体验，以吸引用户在其应用程序上购买奢侈品，还有待观察。根据我的经验和从朋友那里收集的反馈，在目前的形式下，Shopee应用程序上的导航有时会令人沮丧，产品信息页面还有很多不足之处。</blockquote></p><p> Nonetheless, we are flocking to Shopee for the great bargains offered on the platform. There are plenty of deeply discounted items during \"flash sales\" periods, which have become increasingly prevalent. Would users return to Shopee when it stops being aggressive on promotions and if competing platforms turn on their respective campaigns?</p><p><blockquote>尽管如此，我们还是涌向Shopee，寻找平台上提供的超值优惠。在“闪购”期间有很多大幅折扣的商品，这种情况变得越来越普遍。当Shopee不再积极促销时，如果竞争平台开始各自的活动，用户会回到Shopee吗？</blockquote></p><p> Unless the luxury products are heavily discounted, I question why users would buy on Shopee otherwise, at least based on the current interface. Then again, luxury brands wouldn't want to sully their image with steep offers on Shopee, or Shopee Premium, for that matter.</p><p><blockquote>除非奢侈品大幅打折，否则我质疑用户为什么会在Shopee上购买，至少基于当前的界面。话又说回来，奢侈品牌不想在 Shopee 或 Shopee Premium 上提供高额优惠来玷污自己的形象。</blockquote></p><p> A lower GMV per transaction would also imply that Shopee's operating cost could be rising, considering the larger bandwidth and processing efforts required in handling the growing orders.</p><p><blockquote>考虑到处理不断增长的订单所需的更大带宽和处理工作量，每笔交易的 GMV 较低也意味着 Shopee 的运营成本可能会上升。</blockquote></p><p> Losses keep ballooning, share-based compensation keeps rising</p><p><blockquote>亏损不断膨胀，股权薪酬不断上升</blockquote></p><p> GAAP e-commerce revenue growth is healthy and even outpacing the GMV growth. That means Sea Limited's Shopee is increasing its monetization. However, is all well and good?</p><p><blockquote>GAAP电子商务收入增长健康，甚至超过了GMV增长。这意味着 Sea Limited 的 Shopee 正在增加其货币化。然而，一切都好吗？</blockquote></p><p> Sea Limited's total revenues have risen rapidly over the past years, but so have its losses. Just looking at the cost of revenues and total operating expenses, these have soared, growing exponentially in recent years. If we just obsess with growing sales at all costs, then we can ignore the escalating losses.</p><p><blockquote>Sea Limited 的总收入在过去几年中迅速上升，但其亏损也在迅速增加。只要看看收入成本和总运营费用，这些都在飙升，近年来呈指数级增长。如果我们只是痴迷于不惜一切代价增加销售额，那么我们就可以忽略不断上升的亏损。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7ef17a9a9a279c55673ba39f1dd74577\" tg-width=\"625\" tg-height=\"418\" width=\"100%\" height=\"auto\">However, can shareholders be comfortable with the skyrocketing losses over another few years? Sea Limited looks set to end 2021 with a larger loss than last year, which already saw a substantially higher loss than 2019. One major driver of this is the inability of the Digital Entertainment division to offset the losses from the other two core business units - E-Commerce and Digital Financial Services. This resulted in the total adjusted EBITDA sinking to a negative $165.5 million in the third quarter of 2021 compared to a $120.4 billion gain in the same period last year.</p><p><blockquote>然而，股东们能接受未来几年飙升的亏损吗？Sea Limited 看起来将在 2021 年底出现比去年更大的亏损，而去年的亏损已经远高于 2019 年。其中一个主要驱动因素是数字娱乐部门无法抵消其他两个核心业务部门——电子商务和数字金融服务——的损失。这导致 2021 年第三季度调整后 EBITDA 总额降至负 1.655 亿美元，而去年同期为 1204 亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7613c5f9692fd8549e9da2f931ab3a68\" tg-width=\"613\" tg-height=\"509\" width=\"100%\" height=\"auto\">We often hear the bear case saying that if these pandemic beneficiaries cannot turn their economies of scale into profitability with this massive tailwind, when will they ever? Despite ever-rising revenues, Sea Ltd. has been posting a downtrend in its operating income and net income. Sea Ltd.'s net income reached a staggering $1.95 billion on a trailing twelve-month basis as of the third quarter of 2021.</p><p><blockquote>我们经常听到熊的案例说，如果这些疫情受益者不能在这种巨大的顺风下将他们的规模经济转化为盈利，他们什么时候才能实现？尽管收入不断增长，Sea Ltd. 的经营利润和净利润却呈下降趋势。截至 2021 年第三季度，Sea Ltd. 过去 12 个月的净利润达到惊人的 19.5 亿美元。</blockquote></p><p></p><p> The bull camp can defend Sea Limited saying it is still investing in user growth and new businesses. That's fair. However, are shareholders aware that Wall Street analysts have projected a significant slowdown in Sea Ltd.'s revenue growth? On a consensus basis, its Q4 2021 revenue would slow further to 93.5 percent and the subsequent quarters will continue the deceleration to post 16.1 percent year-on-year growth by the fourth quarter of 2023.</p><p><blockquote>多头阵营可以为 Sea Limited 辩护，称其仍在投资用户增长和新业务。这很公平。然而，股东是否意识到华尔街分析师预测 Sea Ltd. 的收入增长将大幅放缓？根据共识，其 2021 年第四季度收入将进一步放缓至 93.5%，随后几个季度将继续放缓，到 2023 年第四季度同比增长 16.1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/547ca89e5de6c8d087dfbd50dd92c0d7\" tg-width=\"593\" tg-height=\"371\" width=\"100%\" height=\"auto\">Looking further out, Sea Limited's revenue growth on a year-on-year basis is estimated to shrink from 114.6 percent in 2021 to 50.1 percent next year and a mere 8.8 percent by the end of 2025.<img src=\"https://static.tigerbbs.com/61d4ffb56269c34a8a17dfcd097375cc\" tg-width=\"612\" tg-height=\"249\" width=\"100%\" height=\"auto\">The bulls could argue that Sea Limited has a strong track record of surpassing the consensus revenue estimates. In the 16 quarters of posting earnings as a public company, it has only one miss (Q1 2021) and that was a very minor one. This suggests that analysts have been conservative in their forecasts on Sea Limited and there is room for upward adjustments in the coming quarters.<img src=\"https://static.tigerbbs.com/77fd8b53015b510bb1e02139cd50a625\" tg-width=\"615\" tg-height=\"325\" width=\"100%\" height=\"auto\">However, if Sea Limited maintains its breakneck revenue growth while its profitability doesn't improve to a positive in the coming years, analysts and shareholders would be hard-pressed to find a convincing reason to keep their faith in the company. According to the consensus estimates, Sea Limited wouldn't see a positive profit before 2024.<img src=\"https://static.tigerbbs.com/f88fc46a02603196127dcef0701f4529\" tg-width=\"620\" tg-height=\"186\" width=\"100%\" height=\"auto\">The projection showing an improving EPS trend is comforting. However, in contrast with its revenue beats, Sea Limited has long been challenged in meeting analysts' expectations of its earnings. Except for one lone quarter, Sea Limited has delivered negative surprises for all its reported quarterly EPS. In the last reported quarter, Sea Limited missed by a whopping 37.4 percent.</p><p><blockquote>展望未来，Sea Limited 的收入同比增长率预计将从 2021 年的 114.6% 萎缩至明年的 50.1%，到 2025 年底仅为 8.8%。看涨者可能会认为 Sea Limited 拥有超出普遍收入预期的良好记录。在作为一家上市公司公布收益的 16 个季度中，它只有一次失败（2021 年第一季度），而且是一次非常轻微的失败。这表明分析师对 Sea Limited 的预测一直保守，未来几个季度还有上调的空间。然而，如果 Sea Limited 保持快速增长的收入，而其盈利能力在未来几年却没有改善为正，分析师和股东将很难找到令人信服的理由来保持对该公司的信心。根据普遍估计，Sea Limited 在 2024 年之前不会实现正利润。显示每股收益改善趋势的预测令人欣慰。然而，与其收入增长形成鲜明对比的是，Sea Limited 长期以来在满足分析师对其盈利的预期方面一直面临挑战。除了一个季度外，Sea Limited 报告的所有季度每股收益均出现负面意外。在上一个报告季度，Sea Limited 的亏损高达 37.4%。</blockquote></p><p> The largest-ever miss was in March 2020 where the reported EPS was 78.9 percent lower than the consensus. This meant that the above analyst estimates for its EPS could be optimistic and Sea Limited may not see a positive profit even in 2024 or 2025.</p><p><blockquote>有史以来最大的失误发生在 2020 年 3 月，当时报告的每股收益比市场预期低 78.9%。这意味着上述分析师对其每股收益的预测可能是乐观的，Sea Limited 即使在 2024 年或 2025 年也可能不会实现正利润。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/373d1efa57c3058f0cb2d6628368087f\" tg-width=\"627\" tg-height=\"322\" width=\"100%\" height=\"auto\">Hedgeye recently named Sea Limited as its&nbsp;best idea short. The research firm called Sea Limited's flagship game Garena Free Fire a \"one-hit wonder whose performance has peaked.\" The profit from Garena is already unable to cover the losses from the other units in the past quarters. If Garena falters, the ability to 'subsidize' the e-commerce and fintech arms would diminish further. Constraining the freewheeling 'spending' for the latter two units may result in slower growth that reverses the bull camp's thesis.</p><p><blockquote>Hedgeye 最近将 Sea Limited 命名为其最佳创意空头。该研究公司称 Sea Limited 的旗舰游戏 Garena Free Fire 是“性能达到顶峰的一次性奇迹”。Garena 的利润已经无法弥补过去几个季度其他部门的损失。如果 Garena 步履蹒跚，“补贴”电子商务和金融科技领域的能力将进一步削弱。限制后两个单位的随意“支出”可能会导致增长放缓，从而推翻牛市阵营的论点。</blockquote></p><p> Never mind the widening losses, shareholders can wait, the management might have reasoned. Meanwhile, Sea Limited remains generous with its share-based compensation [SBC]. The SBC is projected to rise to $133.4 million for the final quarter of 2021. This is a sharp rise from the mere $34.9 million given out in 2019 4Q.</p><p><blockquote>别介意亏损不断扩大，股东可以等待，管理层可能已经给出了理由。与此同时，Sea Limited 仍然慷慨地提供基于股份的薪酬 [SBC]。预计到2021年最后一个季度，SBC将增至1.334亿美元。这比 2019 年第四季度仅发放的 3490 万美元大幅上升。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/de99388fbd2c5d34db0aa558e6665dbe\" tg-width=\"633\" tg-height=\"416\" width=\"100%\" height=\"auto\">It may be worthwhile to note that the outstanding shares count of Sea Limited has doubled from 2017. In September, the company&nbsp;made&nbsp;a direct public offering of 11 million American Depositary Shares and 0.25 percent convertible senior unsecured notes with an aggregate principal of US$2.5 billion.</p><p><blockquote>值得注意的是，Sea Limited 的流通股数量自 2017 年以来翻了一番。9月，该公司直接公开发行1100万股美国存托股票和0.25%可转换优先无担保票据，本金总额为25亿美元。</blockquote></p><p> Sea Limited said then that it planned \"to use the net proceeds from the Offerings for business expansion and other general corporate purposes, including potential strategic investments and acquisitions.\" Could its international expansion endeavors support Sea Limited in perpetuating its high-growth story? At the expense of escalating costs amid a reckoning of pandemic stocks?</p><p><blockquote>Sea Limited 当时表示，计划“将此次发行的净收益用于业务扩张和其他一般企业目的，包括潜在的战略投资和收购。”其国际扩张努力能否支持 Sea Limited 延续其高增长故事？在清算大流行库存的情况下，以不断上升的成本为代价？</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4475916-sea-limited-se-stock-beware-growth-illusions\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4475916-sea-limited-se-stock-beware-growth-illusions","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181908837","content_text":"Summary\n\nSea Limited has been one of the top sought-after pandemic plays. Both of its two engines - gaming and e-commerce - are key beneficiaries of the COVID-19 measures.\nThe uniqueness of SE, the ability to leverage its cash cow gaming unit to grow new businesses, has seen investors flocking to it. But these dynamics have changed.\nThe e-commerce unit's EBITDA is getting more negative by the quarter amid a shrinking GMV per order trend.\nThe profit from Garena is already unable to cover the losses from the other units in the past quarters. If Garena falters, the ability to \"subsidize\" the e-commerce and fintech arms would diminish further.\nAnalysts are projecting a persistent revenue growth slowdown in the coming quarters and years.\n\nInvestment thesis\nSea Limited(NYSE:SE)has been one of the top sought-after pandemic plays. Both of its two engines - gaming and e-commerce - are key beneficiaries of the COVID-19 measures such as study/work-from-home. SE stock was already a solid performer pre-COVID, with gains surpassing that of its Chinese peer, Tencent Holdings (OTCPK:TCEHY) (OTCPK:TCTZF), and Latin American peer, MercadoLibre Inc. (MELI).\nOver the past three years, Sea Ltd. has seen its share price soar more than 3000 percent. After recent declines, SE stock is still up over 17 times from late December 2018. In the same period MELI stock is up 2.8 times while TCEHY stock is up only 47 percent.\nStrictly speaking, Sea Limited doesn't have an equivalent among the large internet companies. Its gaming business is highly profitable, enabling it to fund its heavily loss-making e-commerce and fintech units. MercadoLibre hosts the largest online commerce and payments ecosystem in Latin America and it doesn't count gaming as a core business.\nTencent is big in gaming and fintech but its e-commerce ambitions are mostly manifested through its investments in related companies. Alibaba Group Holding (BABA) is huge in e-commerce and fintech but gaming is not a meaningful division on its own.\nSea Limited's peers in Southeast Asia are also having different backgrounds. Grab Holdings Limited (GRAB) started as a ride-hailing platform and subsequently branched into fintech and on-demand delivery including groceries. Indonesia's GoTo Group (GOTO) is formed from the merger of the two largest startups in the country - ride-hailing giant Gojek and e-commerce company Tokopedia.\nThus, the uniqueness of Sea Limited, particularly the ability to leverage its cash cow gaming unit to grow new businesses, has seen investors flocking to this tech firm halfway around the globe from the U.S. However, the growth at its gaming unit, Garena, which the company categorizes as Digital Entertainment, registered a dramatic slowdown in the third quarter of 2021.\nAlthough the gross orders and GMV metrics are still showing healthy growth, the e-commerce unit's EBITDA is getting more negative by the quarter. The total adjusted EBITDA for Sea Limited has flipped to negative this year. In other words, the profitable gaming business is no longer able to offset the escalating losses from the e-commerce and digital financial services divisions.\nAt the same time, share-based compensation continues to rise steadily. Competition in the region is also heating up, with GRAB coming to public view following its merger with a SPAC, and GoTo Group eager to show solid growth figures in the prelude to its IPO.\nHence, while I'm late to the warning party, with the SE stock down 42 percent from its recent peak, the steepest fall since it became publicly traded, I believe there could be further downside over the months ahead.\nThus, the motivation of this article is to delve deeper into the seemingly incomplete picture provided by the results presentations to understand the health of Sea Limited's e-commerce business. I will also highlight the ballooning losses as the divisions named E-Commerce and Digital Financial Services scale up.\nGMV growth tells only a partial (and possibly erroneous) story\nSea Limited's e-commerce arm, Shopee, has successfully increased its gross orders from 0.6 billion in 2Q 2020 to 1.7 billion in 3Q 2021, nearly tripling during the interval. Shopee's gross merchandise value (GMV) more than doubled from US$8.0 billion in 2Q 2020 to US$16.8 billion in 3Q 2021.While the growth figures look all fantastic, we need to understand the gross order numbers have been increasing at a faster pace than the GMV. In other words, the value per transaction has been declining steadily. The GMV per gross order has fallen from $13.3 in Q3 2020 to $9.9 in Q3 2021. I estimated this to reduce further to around $9.3 for the final quarter of 2021 if the trend continues.A smaller value per order may help Shopee gain from transaction-based fees. However, it's hard to see how the rising prevalence of lower value items helps with monetizing value-added services and advertising revenue over the long run.\nFor now, Shopee is still reporting healthy monetization, with GAAP revenue as a percentage of total GMV rising to 8.6 percent from 6.7 percent in the third quarter of 2020. GAAP e-commerce revenue grew 134 percent from last year to reach $1.5 billion.\nTo reverse the shrinking GMV per order trend, Shopee would need to sell larger ticket items like luxury products. Shopee recognizes this and it launched Shopee Premium, a delicate section on Shopee for select brand partners in the luxury segment, a year ago.\nIt remains to be seen if Shopee can improve the user experience sufficiently to entice users to shop luxury items on its app. In its present form, based on my experience and the feedback I gathered from friends, navigation on the Shopee app can be frustrating at times and the product information page leaves much to be desired.\nNonetheless, we are flocking to Shopee for the great bargains offered on the platform. There are plenty of deeply discounted items during \"flash sales\" periods, which have become increasingly prevalent. Would users return to Shopee when it stops being aggressive on promotions and if competing platforms turn on their respective campaigns?\nUnless the luxury products are heavily discounted, I question why users would buy on Shopee otherwise, at least based on the current interface. Then again, luxury brands wouldn't want to sully their image with steep offers on Shopee, or Shopee Premium, for that matter.\nA lower GMV per transaction would also imply that Shopee's operating cost could be rising, considering the larger bandwidth and processing efforts required in handling the growing orders.\nLosses keep ballooning, share-based compensation keeps rising\nGAAP e-commerce revenue growth is healthy and even outpacing the GMV growth. That means Sea Limited's Shopee is increasing its monetization. However, is all well and good?\nSea Limited's total revenues have risen rapidly over the past years, but so have its losses. Just looking at the cost of revenues and total operating expenses, these have soared, growing exponentially in recent years. If we just obsess with growing sales at all costs, then we can ignore the escalating losses.\nHowever, can shareholders be comfortable with the skyrocketing losses over another few years? Sea Limited looks set to end 2021 with a larger loss than last year, which already saw a substantially higher loss than 2019. One major driver of this is the inability of the Digital Entertainment division to offset the losses from the other two core business units - E-Commerce and Digital Financial Services. This resulted in the total adjusted EBITDA sinking to a negative $165.5 million in the third quarter of 2021 compared to a $120.4 billion gain in the same period last year.\nWe often hear the bear case saying that if these pandemic beneficiaries cannot turn their economies of scale into profitability with this massive tailwind, when will they ever? Despite ever-rising revenues, Sea Ltd. has been posting a downtrend in its operating income and net income. Sea Ltd.'s net income reached a staggering $1.95 billion on a trailing twelve-month basis as of the third quarter of 2021.\nThe bull camp can defend Sea Limited saying it is still investing in user growth and new businesses. That's fair. However, are shareholders aware that Wall Street analysts have projected a significant slowdown in Sea Ltd.'s revenue growth? On a consensus basis, its Q4 2021 revenue would slow further to 93.5 percent and the subsequent quarters will continue the deceleration to post 16.1 percent year-on-year growth by the fourth quarter of 2023.\nLooking further out, Sea Limited's revenue growth on a year-on-year basis is estimated to shrink from 114.6 percent in 2021 to 50.1 percent next year and a mere 8.8 percent by the end of 2025.The bulls could argue that Sea Limited has a strong track record of surpassing the consensus revenue estimates. In the 16 quarters of posting earnings as a public company, it has only one miss (Q1 2021) and that was a very minor one. This suggests that analysts have been conservative in their forecasts on Sea Limited and there is room for upward adjustments in the coming quarters.However, if Sea Limited maintains its breakneck revenue growth while its profitability doesn't improve to a positive in the coming years, analysts and shareholders would be hard-pressed to find a convincing reason to keep their faith in the company. According to the consensus estimates, Sea Limited wouldn't see a positive profit before 2024.The projection showing an improving EPS trend is comforting. However, in contrast with its revenue beats, Sea Limited has long been challenged in meeting analysts' expectations of its earnings. Except for one lone quarter, Sea Limited has delivered negative surprises for all its reported quarterly EPS. In the last reported quarter, Sea Limited missed by a whopping 37.4 percent.\nThe largest-ever miss was in March 2020 where the reported EPS was 78.9 percent lower than the consensus. This meant that the above analyst estimates for its EPS could be optimistic and Sea Limited may not see a positive profit even in 2024 or 2025.\nHedgeye recently named Sea Limited as its best idea short. The research firm called Sea Limited's flagship game Garena Free Fire a \"one-hit wonder whose performance has peaked.\" The profit from Garena is already unable to cover the losses from the other units in the past quarters. If Garena falters, the ability to 'subsidize' the e-commerce and fintech arms would diminish further. Constraining the freewheeling 'spending' for the latter two units may result in slower growth that reverses the bull camp's thesis.\nNever mind the widening losses, shareholders can wait, the management might have reasoned. Meanwhile, Sea Limited remains generous with its share-based compensation [SBC]. The SBC is projected to rise to $133.4 million for the final quarter of 2021. This is a sharp rise from the mere $34.9 million given out in 2019 4Q.\nIt may be worthwhile to note that the outstanding shares count of Sea Limited has doubled from 2017. In September, the company made a direct public offering of 11 million American Depositary Shares and 0.25 percent convertible senior unsecured notes with an aggregate principal of US$2.5 billion.\nSea Limited said then that it planned \"to use the net proceeds from the Offerings for business expansion and other general corporate purposes, including potential strategic investments and acquisitions.\" Could its international expansion endeavors support Sea Limited in perpetuating its high-growth story? At the expense of escalating costs amid a reckoning of pandemic stocks?","news_type":1,"symbols_score_info":{"SE":0.9}},"isVote":1,"tweetType":1,"viewCount":6205,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693354016,"gmtCreate":1639975831639,"gmtModify":1639975833734,"author":{"id":"4091783136376870","authorId":"4091783136376870","name":"oklebs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091783136376870","idStr":"4091783136376870"},"themes":[],"title":"","htmlText":"Let’s go!!!","listText":"Let’s go!!!","text":"Let’s go!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/693354016","repostId":"1170599515","repostType":2,"repost":{"id":"1170599515","kind":"news","pubTimestamp":1639872378,"share":"https://www.laohunote.com/m/news/1170599515?lang=zh_CN&edition=full","pubTime":"2021-12-19 08:06","market":"us","language":"en","title":"Nio unveils new model and talks power at Nio Day event<blockquote>蔚来在蔚来日活动上推出新车型并谈论动力</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1170599515","media":"Seeking Alpha","summary":"$Nio $ unveiled its the ET5 mid-size smart electric sedan at Nio Day 2021 today. The vehicle is the fifth mass-produced model from the Chinese electric vehicle maker.The automaker says the ET5 draws on the fluid silhouette of ET7 and \"seamlessly integrates high-performance autonomous driving sensors into its pure yet progressive body lines.\". The ET5 features the latest NIO Autonomous Driving and is said to be set to gradually achieve a safe and reassuring autonomous driving experience in scenar","content":"<p><a href=\"https://laohu8.com/S/NIO\">Nio </a> unveiled its the ET5 mid-size smart electric sedan at Nio Day 2021 today. The vehicle is the fifth mass-produced model from the Chinese electric vehicle maker.</p><p><blockquote><a href=\"https://laohu8.com/S/NIO\">蔚来</a>今天在 2021 年蔚来日上推出了 ET5 中型智能电动轿车。该车是这家中国电动汽车制造商的第五款量产车型。</blockquote></p><p> The automaker says the ET5 draws on the fluid silhouette of ET7 and \"seamlessly integrates high-performance autonomous driving sensors into its pure yet progressive body lines.\"</p><p><blockquote>该汽车制造商表示，ET5 借鉴了 ET7 的流体轮廓，并“将高性能自动驾驶传感器无缝集成到其纯粹而先进的车身线条中”。</blockquote></p><p> Customers can buy the ET5 with battery pack for 328,000 yuan ($51,450) for the version with 75kWh battery pack and 386,000 yuan ($60,550) for the 100kWh version. Those prices are before subsidies.</p><p><blockquote>客户可以以328,000元（51,450美元）的价格购买75kWh电池组版本的ET5，以386,000元（60,550美元）的价格购买100kWh版本的ET5。这些价格是补贴前的价格。</blockquote></p><p> The ET5 features the latest NIO Autonomous Driving and is said to be set to gradually achieve a safe and reassuring autonomous driving experience in scenarios such as highways, urban areas, parking and battery swapping.</p><p><blockquote>ET5采用了最新的蔚来自动驾驶，据说将在高速公路、城市地区、停车和电池更换等场景中逐步实现安全可靠的自动驾驶体验。</blockquote></p><p> Other highlights from Nio's (NIO) event included updates on the ET7. The company also talked up its power and battery charging initiatives. Nio (NIO) said it has now deployed 3,348 destination chargers and 3,136 super chargers across China. Home chargers have been installed for 94K users.</p><p><blockquote>蔚来（蔚来）活动的其他亮点包括 ET7 的更新。该公司还谈到了其电力和电池充电计划。蔚来（蔚来）表示，目前已在全国部署3348个目的地充电器和3136个超级充电器。已经为9.4万用户安装了家用充电器。</blockquote></p><p> Watch Nio (NIO) for a bounce on Monday if the event creates buzz. Nio is already one of the most discussed stocks on StockTwits and Reddit's WallStreetBets. See all the stocks on watch next week for some share price volatility.</p><p><blockquote>如果赛事引起轰动，请关注周一蔚来（蔚来）的反弹。蔚来已经是 StockTwits 和 Reddit 的 WallStreetBets 上讨论最多的股票之一。查看下周所有关注的股票，了解一些股价波动。</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 unveils new model and talks power at Nio Day event<blockquote>蔚来在蔚来日活动上推出新车型并谈论动力</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 unveils new model and talks power at Nio Day event<blockquote>蔚来在蔚来日活动上推出新车型并谈论动力</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-12-19 08:06</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/NIO\">Nio </a> unveiled its the ET5 mid-size smart electric sedan at Nio Day 2021 today. The vehicle is the fifth mass-produced model from the Chinese electric vehicle maker.</p><p><blockquote><a href=\"https://laohu8.com/S/NIO\">蔚来</a>今天在 2021 年蔚来日上推出了 ET5 中型智能电动轿车。该车是这家中国电动汽车制造商的第五款量产车型。</blockquote></p><p> The automaker says the ET5 draws on the fluid silhouette of ET7 and \"seamlessly integrates high-performance autonomous driving sensors into its pure yet progressive body lines.\"</p><p><blockquote>该汽车制造商表示，ET5 借鉴了 ET7 的流体轮廓，并“将高性能自动驾驶传感器无缝集成到其纯粹而先进的车身线条中”。</blockquote></p><p> Customers can buy the ET5 with battery pack for 328,000 yuan ($51,450) for the version with 75kWh battery pack and 386,000 yuan ($60,550) for the 100kWh version. Those prices are before subsidies.</p><p><blockquote>客户可以以328,000元（51,450美元）的价格购买75kWh电池组版本的ET5，以386,000元（60,550美元）的价格购买100kWh版本的ET5。这些价格是补贴前的价格。</blockquote></p><p> The ET5 features the latest NIO Autonomous Driving and is said to be set to gradually achieve a safe and reassuring autonomous driving experience in scenarios such as highways, urban areas, parking and battery swapping.</p><p><blockquote>ET5采用了最新的蔚来自动驾驶，据说将在高速公路、城市地区、停车和电池更换等场景中逐步实现安全可靠的自动驾驶体验。</blockquote></p><p> Other highlights from Nio's (NIO) event included updates on the ET7. The company also talked up its power and battery charging initiatives. Nio (NIO) said it has now deployed 3,348 destination chargers and 3,136 super chargers across China. Home chargers have been installed for 94K users.</p><p><blockquote>蔚来（蔚来）活动的其他亮点包括 ET7 的更新。该公司还谈到了其电力和电池充电计划。蔚来（蔚来）表示，目前已在全国部署3348个目的地充电器和3136个超级充电器。已经为9.4万用户安装了家用充电器。</blockquote></p><p> Watch Nio (NIO) for a bounce on Monday if the event creates buzz. Nio is already one of the most discussed stocks on StockTwits and Reddit's WallStreetBets. See all the stocks on watch next week for some share price volatility.</p><p><blockquote>如果赛事引起轰动，请关注周一蔚来（蔚来）的反弹。蔚来已经是 StockTwits 和 Reddit 的 WallStreetBets 上讨论最多的股票之一。查看下周所有关注的股票，了解一些股价波动。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3781485-nio-unveils-new-model-and-talks-power-at-nio-day-event\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://seekingalpha.com/news/3781485-nio-unveils-new-model-and-talks-power-at-nio-day-event","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170599515","content_text":"Nio  unveiled its the ET5 mid-size smart electric sedan at Nio Day 2021 today. The vehicle is the fifth mass-produced model from the Chinese electric vehicle maker.\nThe automaker says the ET5 draws on the fluid silhouette of ET7 and \"seamlessly integrates high-performance autonomous driving sensors into its pure yet progressive body lines.\"\nCustomers can buy the ET5 with battery pack for 328,000 yuan ($51,450) for the version with 75kWh battery pack and 386,000 yuan ($60,550) for the 100kWh version. Those prices are before subsidies.\nThe ET5 features the latest NIO Autonomous Driving and is said to be set to gradually achieve a safe and reassuring autonomous driving experience in scenarios such as highways, urban areas, parking and battery swapping.\nOther highlights from Nio's (NIO) event included updates on the ET7. The company also talked up its power and battery charging initiatives. Nio (NIO) said it has now deployed 3,348 destination chargers and 3,136 super chargers across China. Home chargers have been installed for 94K users.\nWatch Nio (NIO) for a bounce on Monday if the event creates buzz. Nio is already one of the most discussed stocks on StockTwits and Reddit's WallStreetBets. See all the stocks on watch next week for some share price volatility.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2948,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}