Tencent breaks out of channel resistance, bullish trend with 100EMA crossing 200EMA. Watching out for it to break the next resistance at 400HKD to confirm the long term bullish uptrend.
Breaking out of long term decline - however might pullback shortly before moving higher
Breaking out of long term decline - however might pullback shortly before moving higher
Alibaba hitting channel resistance and attempting to breakout - might retrace slightly short term
Price target of USD 280 by 2024 year end, bouncing off trending resistance at USD140.
Slight correction is expected but long term trend line remains with target price of USD520 by 2025
Reasons to buy: -one of warren buffet's recent buys -Trading below 5 year avg p/b valuations (0.80) at 0.51 -Book value of 94USD per share, fair value = 75USD per share VS current price of 46USD (63% upside) -4% dividend yield -Cheapest out of all US banks -Rising interest rates pushes up Net interest margins While slowing economic growth will curtail...
NYSE:FL Value play, estimated eps of 5-6USD, and trading at all-time lows. I am waiting for the rebound to happen.
Due for possible breakout to 40USD
This current setup indicates good value on decent fundamentals with a strong technical support line at 65USD. Business Fundamentals -Majority owned by Chinese Insurance Giant, Ping An Group -Part of HangSang Tech index (30 selected tech firms) -Dual-listed on HKSE & NYSE, interchangeable 1ADR to 4 HK listed shares (removes delisting fears) -Stable &...
Owner of Wechat (Biggest social media app in china -> 1.1BILLION Monthly active users), Biggest Game publisher, King of VCs (with stakes in 600+ fast-growing companies) Fundamental valuation Fair Price Fwd P/FCF of 25 w/ 25% FCF growth per share = 25 X (20HKD FCF per share) + 28.33 HKD cash per share = 528.33 HKD Entry Price with Margin of Safety of 10% = 475...
Macro Reasons -China has a population of 1.3billion VS US's 0.33 Billion, about 4x more -Rising Chinese middle class with a growing disposable income -It is estimated that China's GDP is set to overtake the US in 5-8 years Fundamentals Reasons -With 56% of the e-commerce market share in China and a growing e-commerce pie, Alibaba is poised for greater growth...
$35 seems to be a strong support level for British American Tobacco, will be looking to sell some puts or go into a long position if it falls to $35 and below. Also earnings at approximately $4 per share will provide great support as it will be trading at p/e of 8.75 which is extremely cheap for a global consumer defensive business growing at 2-3% EPS....
Commodities are rapidly increasing in prices while the US govt continues to pump trillions of fiscal dollars into Biden's infrastructure plan & federal unemployment benefits. Also with feds fund rates kept at 0% and recent reported inflation at 5%, negative real rates should continue to provide strong support for monetary metals like gold/silver. Additionally with...