A Value Investing Journal, Acid Investments

Acid Investments

A Value Investing Journal

I love stonks and I love rambling. Sometimes, I feel it unfair to subject those around me with the inundation of my thoughts, so I tweet and I spill ink on here. Jokes aside, I love investing and edgy ideas; I hope to become a better investor and this is my journal to that end. I will be sharing value/special situations I come across organically or through other blogs/13F and I hope to provide a variant analytical view to said situations. I hope to receive constructive feedback and let’s grab some of dem benjamins together!

Equity Bottom-Up

<ul><li>This will be another quick idea flag and different from the typical cheapish-catalyst type situations I have often written about.</li><li>This is a superb business that I’ve been monitoring for awhile that just saw some nasty correction.</li><li>I’ve been tweeting incessantly about this business, and shares finally collapsed yesterday despite a relatively good earnings report.</li></ul>

This will be another quick idea flag and different from the typical cheapish-catalyst type situations I have often written about.This is a superb business that I’ve been monitoring for awhile that just saw some nasty correction.I’ve been tweeting incessantly about this business, and shares finally collapsed yesterday despite a relatively good earnings report.

Trip.com (TCOM) - Worth a Little More than EXPE or Much More?

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

Thematic (Sector/Industry)

<ul>
<li>Many Chinese travelers are opting to head to destinations in East and Southeast Asia for the upcoming Lunar New Year holiday, underscoring a gradual recovery in outbound travel.</li>
<li>Searches for travel to Japan and South Korea during the holiday period from Jan. 28 to Feb.4 have more than doubled on Trip.com compared with last year’s holiday period, while interest in Southeast Asia has risen by 47%, according to data provided by the travel agency.</li>
<li>Japan, Thailand, Malaysia, Indonesia, Singapore, Vietnam and South Korea are the top outbound destinations for Chinese travelers during the holiday, according to hotel booking data provided by Trip.com and Qunar, another travel agency.</li>
</ul>


Many Chinese travelers are opting to head to destinations in East and Southeast Asia for the upcoming Lunar New Year holiday, underscoring a gradual recovery in outbound travel.
Searches for travel to Japan and South Korea during the holiday period from Jan. 28 to Feb.4 have more than doubled on Trip.com compared with last year’s holiday period, while interest in Southeast Asia has risen by 47%, according to data provided by the travel agency.
Japan, Thailand, Malaysia, Indonesia, Singapore, Vietnam and South Korea are the top outbound destinations for Chinese travelers during the holiday, according to hotel booking data provided by Trip.com and Qunar, another travel agency.


Surge in Chinese Overseas Tourism Set for Lunar New Year 

Cross Asset Strategy

<ul><li>EVs / In Depth: How shift to EVs risks sidelining auto parts giants</li><li>Toy /In Depth: China’s trendy toy makers march into Southeast Asia</li><li>Delivery /China’s food delivery giants to introduce mandatory rest breaks for riders</li></ul>

EVs / In Depth: How shift to EVs risks sidelining auto parts giantsToy /In Depth: China’s trendy toy makers march into Southeast AsiaDelivery /China’s food delivery giants to introduce mandatory rest breaks for riders

CX Daily: How Shift to EVs Risks Sidelining Auto Parts Giants 

<ul>
<li>Airspace / China is making sure its low-altitude economy is ready for takeoff China is looking to the skies for future growth as it nurtures its nascent low-altitude economy with efforts to launch pilot programs for new aviation services.</li>
<li>The National Development and Reform Commission (NDRC), the country’s top economic planner, is to create a Low-Altitude Economy Department to oversee the sector as it takes off, according to Chen Zhijie, director of the State Key Laboratory of Air Traffic Management System and Technology.</li>
<li>At the same time, the central government is drawing up detailed industry guidelines to establish a regulatory framework for the sector, Chen said at a Monday forum.</li>
</ul>


Airspace / China is making sure its low-altitude economy is ready for takeoff China is looking to the skies for future growth as it nurtures its nascent low-altitude economy with efforts to launch pilot programs for new aviation services.
The National Development and Reform Commission (NDRC), the country’s top economic planner, is to create a Low-Altitude Economy Department to oversee the sector as it takes off, according to Chen Zhijie, director of the State Key Laboratory of Air Traffic Management System and Technology.
At the same time, the central government is drawing up detailed industry guidelines to establish a regulatory framework for the sector, Chen said at a Monday forum.


CX Daily: China Is Making Sure Its Low-Altitude Economy is Ready for Takeoff 

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>Trip.com Group (TCOM) announced (21 Nov) 3Q23 results: net revenue was RMB13.7bn, up 99% YoY, in line with both our forecast and Bloomberg consensus expectation, and was 31% higher than 3Q19 level.</li><li>Non-GAAP operating income (OP) was RMB4.4bn, 6% better than our forecast, thanks to a better-than-expected GPM driven by better-than-expected operating leverage, and more efficient-than-expected sales and marketing spend.</li><li>Recovery of outbound travel business on QTD basis in 4Q23 is slightly slower than our previous expectation owing to the slower-than-expected recovery in international flights in the short term, while TCOM’s outbound travel business is on track to see full recovery in 2024 given that consumer demand remains healthy. </li></ul><p><em>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.</em></p>

Trip.com Group (TCOM) announced (21 Nov) 3Q23 results: net revenue was RMB13.7bn, up 99% YoY, in line with both our forecast and Bloomberg consensus expectation, and was 31% higher than 3Q19 level.Non-GAAP operating income (OP) was RMB4.4bn, 6% better than our forecast, thanks to a better-than-expected GPM driven by better-than-expected operating leverage, and more efficient-than-expected sales and marketing spend.Recovery of outbound travel business on QTD basis in 4Q23 is slightly slower than our previous expectation owing to the slower-than-expected recovery in international flights in the short term, while TCOM’s outbound travel business is on track to see full recovery in 2024 given that consumer demand remains healthy. 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.

Trip.com (TCOM US) – Release of Pent-Up Demand as Expected

China

Trip.com Group Ltd. provides online travel agency services. The Company offers mobile applications, hotel reservations, flight ticketing, package tours, corporate travel management, and train ticketing services.

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Trip.com (TCOM US)

Trip.com (TCOM) - Worth a Little More than EXPE or Much More?

This will be another quick idea flag and different from the typical cheapish-catalyst type situations I have often written about.

Acid Investments

Surge in Chinese Overseas Tourism Set for Lunar New Year

Many Chinese travelers are opting to head to destinations in East and Southeast Asia for the upcoming Lunar New Year holiday, underscoring a...

Caixin Global

CX Daily: How Shift to EVs Risks Sidelining Auto Parts Giants

EVs / In Depth: How shift to EVs risks sidelining auto parts giants As China’s auto market pivots rapidly to new-energy vehicles (NEVs), the...

Caixin Global

CX Daily: China Is Making Sure Its Low-Altitude Economy is Ready for Takeoff

Airspace / China is making sure its low-altitude economy is ready for takeoff China is looking to the skies for future growth as it nurtures its...

Caixin Global

Trip.com (TCOM US) – Release of Pent-Up Demand as Expected

Trip.com Group (TCOM) announced (21 Nov) 3Q23 results: net revenue was RMB13.7bn, up 99% YoY, in line with both our forecast and Bloomberg...

CMB International

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52-week Range

Market Cap (USDm)

P/E

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