Tag: Investment
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Earnings Watch (US): Roblox, Target
Roblox: Strong results catapult the company upwards Roblox didn’t disappoint this time. Its 3Q 2023 results were definitively strong with bookings of US$840 million exceeding expectations of US$822 million. Roblox registered a revenue of US$713 million for the quarter, a 4.8% increase from the previous quarter. Share price gained by 18.1%…
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Earnings Watch (Malaysia): HL Industries, Malaysia Marine and Heavy Engineering
Hong Leong Industries: Decent Performance Hong Leong Industries (HLI) 1Q 2024 results are out (June-Sep 2023) and decent. First of all, revenue grew by 9% to RM836 million in 1Q 2024 from RM767 million in 4Q 2023. This is good but it did decline by 5.5% from a year ago…
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Open AI CEO Fired
Sam Altman just got fired from OpenAI by the Board. Microsoft and other investors are trying to reinstate him. Yes, the father of ChatGPT just got fired by the board of OpenAI. Here’s what the board OpenAI announced regarding his firing “He was not consistently candid in his communications with…
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Why Chevron’s Purchase of Hess Is Important for You and the Market
Two is better than one, or the combination of two would make for a bigger company in Chevron’s case. It has recently been announced that Chevron is purchasing Hess for US$53 billion. Both are oil & and gas companies in the global economy, with extraction facilities worldwide. In this article,…
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Ageing Society, Entitlement, Progressive Wages, Tesla 3Q Results, and China Singles Day
Hi all, here are the line-ups for this week’s content that I have published here. Subscribe to my Slice of P.I.E LinkedIn and Medium for more content like this! Why We Need to Embrace an Aging World — the Case of Singapore Singapore is rapidly aging but there are some trends that…
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Assessing Impact of Singles Day on China’s E-Commerce Companies
Is there a trading or investment strategy for Singles Day? Ah, Singles Day. The day when the whole of China gets online and goes on a shopping spree. First popularized by Alibaba in 2009, Singles Day has become the mainstay of China’s retail sales in the one-and-a-half decade following that.…
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Why We Need to Embrace an Aging World — the Case of Singapore
This newsletter first appeared on my main LinkedIn channel. Subscribe now! Singapore is rapidly aging but there are some trends that investors can think about. Here are the basic statistics that you should know about Singapore’s ageing demographics: 1 in 5 Singaporeans are now above 65 in 2023, compared to…
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Crypto Space: Bitcoin To the Moon, Ethereum Nearly There Also
This newsletter first appeared on my main LinkedIn channel. Subscribe now! Bitcoin Shoots to the Moon Because of Blackrock “Shoot to the moon”. The mantra of WallStreetbets certainly rings true for Bitcoin in October 2023. The reason? Blackrock’s exchange-traded fund for Bitcoin appeared on a list controlled by Depository Trust…
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Currency and Commodity: Ringgit Weak? Oil and Coal Declines
This newsletter first appeared on my main LinkedIn channel. Subscribe now! The Dollar continues to gain in strength, while the Ringgit is still pooh-pooh. Another strong month for the U.S. Dollar. This is the third consecutive month that the dollar has gained. Well, it is good news for people holding…
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On the Ground: Southeast Asia Stocks Hammered Hard
This newsletter first appeared on my main LinkedIn channel. Subscribe now! U.S.: Energy and Consumer Discretionary Stocks Down Energy (-5.0%), consumer discretionary (-4.9%), healthcare (-4.6%) and real estate (-4.0%) sectors led the decline in the market for October. The most obvious reason for the decline in energy stocks is related to…
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