SG Talk

The expectation is very low with 36% decline jn earnings due to losses in its investment portfolio and slower gaming revenues.

Looking at how SEA surged 30% after announcing losses, the expectation of market is very low.

Question is whether the low hurdle can clear. ..since tencebt surged 30% in 2 weeks already.

After Tencent.... Alibaba will announce on Thursday...again not much expected ...stock has fallen 50% since 1yr ago

.

Notice game related stock like netease also went up while rest of market cools off today.

Sense something brewing. ...likely investors saw the Sea limited gaming segment and deduce that the gaming revenue won't be as bad as expect.

We will know soon.

You never cease to amaze me

SMH

Earnings out.

Ten cent gives out meituan stock as dividends.

HSI dropped less than 0.5%. U fucking moron Sgbutt.... drop a durian on yr head lah.

(16-11-2022, 05:01 PM)sgbuffett Wrote: [ -> ]

Which translates to Big institution don’t wan to hold MT anymore?

After Tencent results announced, NetEase which trades pre market fly up....
Likely to signal the results are viewed positively earnings were 40% higher than expected.

Earnings call will be at 8pm live. Tune it as it will set the momentum for China tech...

(16-11-2022, 05:55 PM)Zannn Wrote: [ -> ]Which translates to Big institution don’t wan to hold MT anymore?

Tencent needs to shrink its size by giving out stakes to shareholders 
This is to get out of the Govt radar

(16-11-2022, 06:25 PM)sgbuffett Wrote: [ -> ]After Tencent results announced, NetEase which trades pre market fly up....
Likely to signal the results are viewed positively earnings were 40% higher than expected.

Earnings call will be at 8pm live. Tune it as it will set the momentum for China tech...

Better than expected, market will mostly be driven up by higher than expected earnings. Sgbuffett u still don’t see the picture that hs tech will just go up? Don’t stubbornly hold yr shorts since 2800.