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20-05-2022, 11:19 AM
I was just looking at some of it.
and it is like digging for gold in a mine that can collapse
If you make it out alive you are rich but you can also die.
Let's start with the first stock Didi.(price US$1.60)
Didi has 700M customers many times more than Grab and Uber but the total market cap is US$7B uber is $44B that is a factor of 6 times difference. Of course the risk is high as Chinese govt is going after Didi and it may be forced to close etc but as a business we are buying at at massive discount.
The valuation is so far off it is worth taking a shot.
The other example is Weibo(US$21.56).. The company has a good free cash flow and 523M million users even if we set growth to zero and account for a recession. The current valuation is very attractive.
and it is like digging for gold in a mine that can collapse
If you make it out alive you are rich but you can also die.
Let's start with the first stock Didi.(price US$1.60)
Didi has 700M customers many times more than Grab and Uber but the total market cap is US$7B uber is $44B that is a factor of 6 times difference. Of course the risk is high as Chinese govt is going after Didi and it may be forced to close etc but as a business we are buying at at massive discount.
The valuation is so far off it is worth taking a shot.
The other example is Weibo(US$21.56).. The company has a good free cash flow and 523M million users even if we set growth to zero and account for a recession. The current valuation is very attractive.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
