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+--- Thread: Game Related stocks fall as China state media calls it "spiritual opium" (/Thread-Game-Related-stocks-fall-as-China-state-media-calls-it-spiritual-opium)
Game Related stocks fall as China state media calls it "spiritual opium" - sgbuffett - 03-08-2021
Looks like clamp down like tuition center stocks.
![[Image: pKWxwpn.jpg]](https://i.imgur.com/pKWxwpn.jpg)
RE: Game Related stocks fall as China state media calls it "spiritual opium" - Blasterlord2 - 03-08-2021
China is doing the right thing. Kids nowadays are too addicted to games.
RE: Game Related stocks fall as China state media calls it "spiritual opium" - WhatDoYouThink? - 03-08-2021
it's the duty of the government to do these right things, anything to be unhappy with?
RE: Game Related stocks fall as China state media calls it "spiritual opium" - starbugs - 03-08-2021
Didn't TS just buy Netease a few days ago. Ouch.
RE: Game Related stocks fall as China state media calls it "spiritual opium" - Blasterlord2 - 03-08-2021
Only the Chinese government dares to do this, since it cannot be 'unelected' by its people. But so far, it has been doing the right things. The next thing to do is to clamp down the entertainment circles. Too much bad behavior from actors and actresses.
RE: Game Related stocks fall as China state media calls it "spiritual opium" - sgbuffett - 03-08-2021
(03-08-2021, 10:35 AM)Blasterlord2 Wrote: China is doing the right thing. Kids nowadays are too addicted to games.
I tend not to disagree with what you said although I lost money due to this.
Game addiction is a serious problem among the young...
It is quite bad in Singapore but extreme in China fir some reason.
RE: Game Related stocks fall as China state media calls it "spiritual opium" - hansamu - 03-08-2021
Still there have be certain things to keep people occupied.
Otherwise, many will be bored to death by staring at the four silent walls and the dull ceiling.
RE: Game Related stocks fall as China state media calls it "spiritual opium" - menghuii - 03-08-2021
(03-08-2021, 10:35 AM)Blasterlord2 Wrote: China is doing the right thing. Kids nowadays are too addicted to games.yeh i cant agree more. they didnt forget that opium war..
RE: Game Related stocks fall as China state media calls it "spiritual opium" - WhatDoYouThink? - 03-08-2021
it's very bad for the youngsters and even some adults. if my neighbour's son didn't quit his serious games addiction at sec 3, no way he could be a surgeon today.
RE: Game Related stocks fall as China state media calls it "spiritual opium" - Niubee - 03-08-2021
Govt cannot go all the way with business.
Hope SG Govt can be like China, look into Ceca policies and labour laws.
RE: Game Related stocks fall as China state media calls it "spiritual opium" - pervertosan - 03-08-2021
if the games are about worshipping CCP…they would surely have no problems with it
RE: Game Related stocks fall as China state media calls it "spiritual opium" - Sticw - 03-08-2021
(03-08-2021, 11:35 AM)pervertosan Wrote: if the games are about worshipping CCP…they would surely have no problems with it
When you are God, you don't need worship actually. Cos you are beyond all these...
RE: Game Related stocks fall as China state media calls it "spiritual opium" - debster - 03-08-2021
(03-08-2021, 11:03 AM)sgbuffett Wrote: I tend not to disagree with what you said although I lost money due to this.
Game addiction is a serious problem among the young...
It is quite bad in Singapore but extreme in China fir some reason.
Have you cut losses on netease? Or still holding? May fall a lot more I think.
RE: Game Related stocks fall as China state media calls it "spiritual opium" - sgbuffett - 03-08-2021
(03-08-2021, 10:51 AM)starbugs Wrote: Didn't TS just buy Netease a few days ago. Ouch.
Before getting too excited about my losses. Lets be clear I bought after the stock fell alot at 152.8 it is now 145....I lost 5%...nothing to ouch about...yesterday I was up 5% ..wasn't much of gain or pain either way.
![[Image: Rral2pn.jpg]](https://i.imgur.com/Rral2pn.jpg)
RE: Game Related stocks fall as China state media calls it "spiritual opium" - starbugs - 03-08-2021
Not gloating or anything, but I have been saying (maybe not enough in this forum)...don't touch China stocks for now. Prices are still 20-30% above the levels 18 months ago.
RE: Game Related stocks fall as China state media calls it "spiritual opium" - debster - 03-08-2021
(03-08-2021, 01:17 PM)sgbuffett Wrote: Before getting too excited about my losses. Lets be clear I bought after the stock fell alot at 152.8 it is now 145....I lost 5%...nothing to ouch about...yesterday I was up 5% ..wasn't much of gain or pain either way.
If they are shut down, then losses will be 100%. This may just be a hint to let investors get out alive.
RE: Game Related stocks fall as China state media calls it "spiritual opium" - sgbuffett - 03-08-2021
(03-08-2021, 01:22 PM)debster Wrote: If they are shut down, then losses will be 100%. This may just be a hint to let investors get out alive.Any stock can go bankrupt break the law and get shutdown or have accounting fraud.
This risk is part of investing....so one always have to manage the risk.
RE: Game Related stocks fall as China state media calls it "spiritual opium" - Zannn - 03-08-2021
(03-08-2021, 01:29 PM)sgbuffett Wrote: Any stock can go bankrupt break the law and get shutdown or have accounting fraud.Looking the way tuition play out, gaming will very likely be targeted soon. While govt may not force it to be non profit, Tencent immediately come out with slew of actions which will affect their bottomline. Netease will be adversely affected. U shd consider cutting some netease now to ease some further pain dude.
This risk is part of investing....so one always have to manage the risk.
RE: Game Related stocks fall as China state media calls it "spiritual opium" - sgbuffett - 04-08-2021
(03-08-2021, 11:18 PM)Zannn Wrote: Looking the way tuition play out, gaming will very likely be targeted soon. While govt may not force it to be non profit, Tencent immediately come out with slew of actions which will affect their bottomline. Netease will be adversely affected. U shd consider cutting some netease now to ease some further pain dude.I don't think the China govt is so stupid.
If game addiction is not there drug addiction, gambling addiction and alcohol addiction will take its place
Game addiction is unhealthy but better than the rest. Its just cat and mouse game to keep everyone on good behaviour
RE: Game Related stocks fall as China state media calls it "spiritual opium" - WhatDoYouThink? - 04-08-2021
(04-08-2021, 11:45 AM)sgbuffett Wrote: I don't think the China govt is so stupid.
If game addiction is not there drug addiction, gambling addiction and alcohol addiction will take its place
Game addiction is unhealthy but better than the rest. Its just cat and mouse game to keep everyone on good behaviour
being responsible to its ppl is stupid? if crimes and vices cannot be stopped, or not as bad as others, just let them be?
RE: Game Related stocks fall as China state media calls it "spiritual opium" - OLT - 04-08-2021
(03-08-2021, 11:14 AM)WhatDoYouThink? Wrote: it's very bad for the youngsters and even some adults. if my neighbour's son didn't quit his serious games addiction at sec 3, no way he could be a surgeon today.
he could have founded Top Secret Lab if he continued playing games.
RE: Game Related stocks fall as China state media calls it "spiritual opium" - Zannn - 04-08-2021
(04-08-2021, 11:45 AM)sgbuffett Wrote: I don't think the China govt is so stupid.
If game addiction is not there drug addiction, gambling addiction and alcohol addiction will take its place
Game addiction is unhealthy but better than the rest. Its just cat and mouse game to keep everyone on good behaviour
All the vice u mention is already there and they did clean up, compare few yrs back vice and now in China u know the vast crackdown.
Gaming is close to the objective of clamp down tuition where it’s about the future of Prc’s children. Suspect more harsh actions on this educating area since this is their priority.
Tencent within a day implement restriction to kids to one hr gaming and some other measures, there are long term impact to profits
“Assumption” on the impact to industry valuation:
tuition falls 100%
Gaming fall mid range 40-60%
General tech/ data falls 30-40%
RE: Game Related stocks fall as China state media calls it "spiritual opium" - Huliwang - 04-08-2021
Game addiction is a serious problem in China especially among youngsters. Parents are known to send their kids to military like camps to cure their kids from this addiction.
It is a good move by the Chinese government to clamp down on industries that propagate addictive softwares. Money is one thing but the mental health of future generations is more important to the country.........
RE: Game Related stocks fall as China state media calls it "spiritual opium" - Zannn - 04-08-2021
(04-08-2021, 12:59 PM)Huliwang Wrote: Game addiction is a serious problem in China especially among youngsters. Parents are known to send their kids to military like camps to cure their kids from this addiction.
It is a good move by the Chinese government to clamp down on industries that propagate addictive softwares. Money is one thing but the mental health of future generations is more important to the country.........
High possibility the next measures will target gaming .
RE: Game Related stocks fall as China state media calls it "spiritual opium" - WhatDoYouThink? - 04-08-2021
(04-08-2021, 12:47 PM)OLT Wrote: he could have founded Top Secret Lab if he continued playing games.
then many more younsters will get addicted and bring more problems to the families and society.
RE: Game Related stocks fall as China state media calls it "spiritual opium" - Zannn - 05-08-2021
(04-08-2021, 01:02 PM)Zannn Wrote: High possibility the next measures will target gaming .
Read that Gaming going to be taxed like traditional industry, no more tax break. 10C and netease leading fall liao.
RE: Game Related stocks fall as China state media calls it "spiritual opium" - Levin - 05-08-2021
(03-08-2021, 10:53 AM)Blasterlord2 Wrote: Only the Chinese government dares to do this, since it cannot be 'unelected' by its people. But so far, it has been doing the right things. The next thing to do is to clamp down the entertainment circles. Too much bad behavior from actors and actresses.
I think they are doing this not because they cannot be unelected but they have the support of the people for this move.
It's like back in LKY's days when Singapore "acquired" private land for HDB etc. The landowners dare not go against it because the majority supported the policy.