labubuwatch
@pandawatch88
Investing in China. Not a real bear.
Meitu prelim 1H25 out, NI up 70% (it was trading at 100x PE so one would expect no less). 2024 NI was up 60%, so keeping up. Yours for 70x LTM PE or 60x FY25 guidance (which they haven't moved, usd100m NI). 12x LTM revenue if you want to compare with unprofitable software…
Meitu has had 1 down day in the last month. Yours for 100x LTM PE, 58x 2025 PE based on latest company guidance. I bought 1% of portfolio at 50x PE. Total chicken. Coocoocoo.
I may have bought a tiny bit of this, just to follow the drama ahead of 1) next week US China meeting 2) results soon. Big downside if US restricts access to data (not a small probability). Big upside if there's a TikTok deal that these guys can mirror somehow and keep growing…
Remember Applovin and his Chinese cousin? applovin 60x PE 50x ebit mobvista 30x PE 20x ebit mobvista mintegral (the programmatic ad solution for apps) had a solid 2024 revenue up 47% and another 48% in 1Q25 YoY (flat QoQ). Still mostly game apps. Mintegral has made the company…
The funniest bit of this video is the dude on the left "yes yes i also heard 3.1 3.2" as the purest form of human instinct of survival and to pass along their genes to the next generation.
This could literally pass as a scene straight from The Office
"these are my returns since inception benchmarked to msci acwi"
Cannot be a real pic, but somehow is
Important to understand policy transmission. I think it is more like a whip, not a pendulum. Example: Central government says covid zero. Provinces then say 1 week quarantine. Cities top it up with 2 week quarantine. Village straight say don't come, not allowed. Slight wrist…
China's policy landscape often functions like a "pendulum", figuratively speaking. Directives from the highest levels of government—initially aimed at correcting lavish practices, such as the notorious drinking culture at business banquets—can get magnified when they reach the…
Rereading some articles about in Apple 2013 when the stock was down almost 50% and trading at 9x PE. VC guys and fund managers at the time all saying "smartphone market obviously saturated" and pointing as Samsung competition. "Very bearish on Apple unless they launch cheaper…
I don't think they can request all the deal documents (that prob has to be a judge) but guaranteed in the 85,000 emails of the deal team there is always 1, sent by a junior guy at 3am to the associate that just left home, saying something like "the shareholding list of this sub…
bigbrains: "10 blue links is so dead, google search is done, i now use chatgptorrr" google: adds usd5.5bn of fresh new google search revenue in one quarter. The size of one Applovin. well done Sundar, keep squeezing.
I have been using the POE aggregator for gen AI for almost 2 years. I like it. However, every time I open it to pick a model to play with, it is a bit sad that you only have the top 4 5 labs from each US and China competing at the top, eg now VEO vs Kling on videos etc, and…
Vertiv doing M&A of metal box manufacturers flexing one of the strongest statements on valuation I have seen: 11.5x EBITDA (for metal cabinets? punchy, but fine, sure) what EBITDA? not LTM. not FY25. FY 2026 EBITDA (oh) FY2026 and proforma for cost synergies (aha) FY2026…
Interesting: KWEB US listed ETF now holds only the HK line of the dual US-China listed shares (the large ones at least, which are quite liquid in HK, for the small ones seems they still hold US listed line). So basically 70% of the ETF holds stuff listed in HK. Not sure that…
Shanghai composite not a bad looking 1Y chart. Let's chase that post covid peak of 3700. Still weeeeelll below US indexes. Since Dec 2019: SPX +95% Nikkelodeon +70% (with currency down 30%) Stoxx 600 +30% Shanghai +20%
