Research from Value Investing, Value Investing

Value Investing

Research from Value Investing

I am a value investor. "Value", as defined in Value Investing, is simply the act of buying something for less than its worth. I treat my equity investment as a loan to the business - where the priority is to get back my principal in full, rather than achieving maximum yield. I consider my equity investment as a slightly higher risk loan extended to the business with slightly more accommodative loan covenants - hence justifying a slightly higher yield. While I identify as a value investor and cover all stocks and macro topics indiscriminately, most of my research will have an ASEAN bent as that’s where I’m geographically located.

Equity Bottom-Up

<ul><li>A few weeks ago, Altimeter Capital CEO Brad Gerstner and longtime shareholder of Meta wrote an open letter to you and the rest of the team at Meta - humbly requesting that you guys pay more attention to the company’s deteriorating share price, and the gradually hostile investor sentiment towards your company.</li><li>Basically he was telling you to shape up or ship out - with the main vex of his letter being your company’s large cash burn in their Reality Labs segment (i.e. Metaverse).</li><li>As a complete nobody with a net worth of less than $1B, I thought that I should weigh in as well.</li></ul>

A few weeks ago, Altimeter Capital CEO Brad Gerstner and longtime shareholder of Meta wrote an open letter to you and the rest of the team at Meta - humbly requesting that you guys pay more attention to the company’s deteriorating share price, and the gradually hostile investor sentiment towards your company.Basically he was telling you to shape up or ship out - with the main vex of his letter being your company’s large cash burn in their Reality Labs segment (i.e. Metaverse).As a complete nobody with a net worth of less than $1B, I thought that I should weigh in as well.

Defining Social Commerce in Southeast Asia, Cube Asia

Sarabjit Singh

Defining Social Commerce in Southeast Asia

Cube Asia

We offer granular market data and insights for online retail in Southeast Asia, helping brands and retail companies drive profitable growth. 

Why the Cube?
3 dimensions of granularity to help you get deep into the 1) geographies, 2) categories, and 3) types of data and insights you need for your business.

The Cube is a big-data machine that is continuously listening to public data sources and primary research, and triangulating across thousands of data points using probabilistic modeling to produce an accurate and granular picture of Southeast Asia’s online retail landscape.

Thematic (Sector/Industry)

<ul><li>Social platforms and e-commerce platforms used to exist in a symbiosis where the former harnessed consumers’ attention and the latter offered goods for sale, and where ad dollars traded hands in between.</li><li>The rise of Social Commerce has disrupted that status quo forever, with both types of platforms making moves to better delight consumers while capturing a greater share of the economic value.</li><li>While still in its early days, this archetype of Social Commerce is already proving consequential to Southeast Asia’s e-commerce landscape and forcing brands and retail companies to reconsider their online channel mix</li></ul>

Social platforms and e-commerce platforms used to exist in a symbiosis where the former harnessed consumers’ attention and the latter offered goods for sale, and where ad dollars traded hands in between.The rise of Social Commerce has disrupted that status quo forever, with both types of platforms making moves to better delight consumers while capturing a greater share of the economic value.While still in its early days, this archetype of Social Commerce is already proving consequential to Southeast Asia’s e-commerce landscape and forcing brands and retail companies to reconsider their online channel mix

Social Platform Commerce in Southeast Asia: Basics, Key Dynamics and Opportunities

High Quality Stock Setups, Weekly Stock Bull Finder

Weekly Stock Bull Finder

High Quality Stock Setups

Finding high potential stock setups on quality companies

<ul><li>An interesting dynamic has emerged over the past few months with mega cap technology companies like Meta, Alphabet, and Amazon all seeing considerable weakness while other pockets of the market have emerged to move higher. </li><li>The market has recently “shaken off” some pretty bad earnings reports from mega cap tech while other pockets of the market continue to see breakouts which is a notable character change from the past few years. </li><li>After seeing mega cap technology earnings results from this past week, some have questioned whether a new crop of market leadership is ready to take over the mantle from the big cap technology companies.</li></ul>

An interesting dynamic has emerged over the past few months with mega cap technology companies like Meta, Alphabet, and Amazon all seeing considerable weakness while other pockets of the market have emerged to move higher. The market has recently “shaken off” some pretty bad earnings reports from mega cap tech while other pockets of the market continue to see breakouts which is a notable character change from the past few years. After seeing mega cap technology earnings results from this past week, some have questioned whether a new crop of market leadership is ready to take over the mantle from the big cap technology companies.

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Flowing Cloud Technology / Equity Bottom-Up

<ul>
<li>Chinese metaverse firm Flowing Cloud Technology Ltd. saw its Hong Kong shares fall on their first two days of trading as speculation on the hype around the emerging industry cools off. </li>
<li>The company’s main business is producing content and providing services to other businesses based on augmented reality (AR) and virtual reality (VR) technologies.</li>
<li>Last year, it began to operate its own metaverse platform featuring VR-powered social interactions.</li>
</ul>


Chinese metaverse firm Flowing Cloud Technology Ltd. saw its Hong Kong shares fall on their first two days of trading as speculation on the hype around the emerging industry cools off. 
The company’s main business is producing content and providing services to other businesses based on augmented reality (AR) and virtual reality (VR) technologies.
Last year, it began to operate its own metaverse platform featuring VR-powered social interactions.


Chinese Metaverse Firm Flowing Cloud Drops in Hong Kong Debut

External broker reports(aggregated public sources), CMB International

CMB International

External broker reports(aggregated public sources)

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

<ul><li>Meta hosted the Meta Connect 2022 on 11 Oct, launching its first high-end VR headset Meta Quest Pro.</li><li>The new VR headset will begin shipping on 25 October for US$1,499.99.</li><li>With innovative features like pancake lenses, eye tracking, natural facial expressions and colour passthrough, Meta Quest Pro will meaningfully enhance the social/gaming/work VR experience in our view.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Meta hosted the Meta Connect 2022 on 11 Oct, launching its first high-end VR headset Meta Quest Pro.The new VR headset will begin shipping on 25 October for US$1,499.99.With innovative features like pancake lenses, eye tracking, natural facial expressions and colour passthrough, Meta Quest Pro will meaningfully enhance the social/gaming/work VR experience in our view.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

China Internet Sector – Meta Connect 2022: bridging the gap towards metaverse

United States

Meta Platforms Inc. operates as a social technology company. The Company builds applications and technologies that help people connect, find communities, and grow businesses. meta Platform is also involved in advertisements, augmented and virtual reality.

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Meta (META US)

META: Connecting People

FY22 has not been a good year for Meta. The past year saw it getting pummeled by one tragedy after another: 1st, the Tech bubble bursting in Oct 2022

Value Investing

Weekly Stock Bullfinder - Week of 10/31

An interesting dynamic has emerged over the past few months with mega cap technology companies like Meta, Alphabet, and Amazon all seeing...

Weekly Stock Bull Finder

Chinese Metaverse Firm Flowing Cloud Drops in Hong Kong Debut

Chinese metaverse firm Flowing Cloud Technology Ltd. saw its Hong Kong shares fall on their first two days of trading as speculation on the hype...

Caixin Global

China Internet Sector – Meta Connect 2022: bridging the gap towards metaverse

With innovative features like pancake lenses, eye tracking, natural facial expressions and colour passthrough, Meta Quest Pro will meaningfully...

CMB International

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

META: Connecting People

FY22 has not been a good year for Meta. The past year saw it getting pummeled by one tragedy after another: 1st, the Tech bubble bursting in Oct 2022

Value Investing

Social Platform Commerce in Southeast Asia: Basics, Key Dynamics and Opportunities

Social platforms and e-commerce platforms used to exist in a symbiosis where the former harnessed consumers’ attention and the latter offered goods...

Sarabjit Singh

Weekly Stock Bullfinder - Week of 10/31

An interesting dynamic has emerged over the past few months with mega cap technology companies like Meta, Alphabet, and Amazon all seeing...

Weekly Stock Bull Finder

Chinese Metaverse Firm Flowing Cloud Drops in Hong Kong Debut

Chinese metaverse firm Flowing Cloud Technology Ltd. saw its Hong Kong shares fall on their first two days of trading as speculation on the hype...

Caixin Global

China Internet Sector – Meta Connect 2022: bridging the gap towards metaverse

With innovative features like pancake lenses, eye tracking, natural facial expressions and colour passthrough, Meta Quest Pro will meaningfully...

CMB International