11/15 Update: According to 13F filings submitted today to the SEC, more of EHANG’s major US institutional investors continued adding shares in Q3. Morgan Stanley increased their EH shares by 22%, Citadel by 68% and State Street by 70%.
$Sea Ltd(SE)$ Consensus from 28 of the American Entertainment analysts is that Sea is on the verge of breakeven. They expect the company to post a final loss in 2024, before turning a profit of US$1.1b in 2025. So, the company is predicted to breakeven approximately 2 years from now. How fast will the company have to grow each year in order to reach the breakeven point by 2025? Working backwards from analyst estimates, it turns out that they expect the company to grow 66% year-on-year, on average, which signals high confidence from analysts. Should the business grow at a slower rate, it will become profitable at a later date than expected.
$Taiwan Semiconductor Manufacturing(TSM)$ TSM is in the Golden Cross on technical front. Last Elliot Wave ended late Oct early Nov 2022. In the upward trend of the 3rd wave out of 8. The 50-day moving average ($76.88) broke 100-day moving average ($74.92) 01/09/23 and the current price is above the 200-day moving average ($82.04).