BABA looking bullish short-term. BABA has formed a beautiful and mature in-spirit-of bull flag. A move should be excepted within the next few trading days.
Chinastock
LU Lufax Most Undervalued Chinese StockFor the China reopening thesis i think LU Lufax Holding is the one of the most undervalued stocks you can own right now! And i will tell you why!
LU Lufax Holding has a ridiculous PE Ratio (TTM) of only 1.81!
The Forward Dividend & Yield is 0.51 (21.79%)!
Last year the stock was $18.30. It has lost most than 90% of its value, while the business is growing and pays dividends.
The yield alone is a big gain, even if the price stays flat.
Last year Morgan Stanley had a price target for LU of $13 while JPMorgan Chase of $15.
3rd biggest shareholder is BlackRock, with an estimated average of $6.11.
You can but the stock now 3 times cheaper than BlackRock.
The average daily volume in the past 3 months is high, more than $10Mil daily (i think someone is accumulating).
My price target is the $7.10 resistance. I believe LU is a premium call.
Looking forward to read your opinion about it!
China A50 index to fall below the 500-week moving average?China A50 index ( CN50 ), a measure of the Chinese onshore market that keeps track of 50 of the biggest Chinese A-share companies listed on the Shenzhen and Shanghai stock exchanges, broke a major upward trend that had been in place since 2016.
The technical picture sees the A50 index currently dominated by a descending channel pattern, having fallen 42% from its peak in February 2021, with prices now approaching a remarkable 500-week moving average.
Given the slowdown in the Chinese economy caused by the government's Zero covid policy, the downward trend in Chinese stocks has been ongoing for a while. However, the most recent sell-off has been triggered by a crumbling confidence among foreign investors as a result of Xi Jinping's reelection as president for a third term and a leadership reshuffle within the Politburo Standing Committee during the 20th National Congress.
The A50 index may not have reached its bottom yet, if the Zero-Covid policy and growing doubts about the new policymakers' plans for the country's economic future continue to dampen Chinese growth prospects. Even though the weekly RSI is beginning to exhibit extremely oversold conditions, which is extremely unusual for this market and hasn't happened since August 2011, bears still have total control over the index. But, given the wild price swings of the past few days, some technical and short-term price bounces could still happen.
The psychological 11,000 point level, which is down 7% from here, and the 10,200 point level, which was the low of January 2019 (down 14% from here), provide the next significant supports. The A50 will have dropped 50% from its peak if it reaches levels from January 2019, which might encourage some dip buying there.
$NTES pretty strong Somehow this china stonk always powers thru even when other chinese stonks are getting demolished, $NTES somehow remains steady and mostly bullish. Seeing a possible bull flag on it, no position, just an observation. it's also a decent company fundamentally.
BEKE reversal momentumBEKE, KE Holdings, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China is bullish after the chinese government pledged to support markets
80.75Bil revenue in 2021.
52 Week Range 7.31 - 61.39
I see a reversal to $20.50 short term.
NTES Price TargetPrice target for NTES is $84.
All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth!
Traders are expecting the Chinese government would support the stock market like the FED did in the US.
BEKE Price TargetPrice target for BEKE is $19.
All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth!
Traders are expecting the Chinese government would support the stock market like the FED did in the US.
JD Price TargetPrice target for JD is $62.
All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth!
Traders are expecting the Chinese government would support the stock market like the FED did in the US.
TAL Education Group 🧙Fourth Fiscal Quarter and the Fiscal Year 2021
- Quarterly Results:
Net Revenues up by 58.9% Year-Over-Year for the Fourth Fiscal Quarter
Non-GAAP Loss from Operations was US$216.9 million, compared to Non-GAAP Loss
from Operations of US$8.4 million in the Same Period of Prior Year
Total Student Enrollments of Normal Priced Long-term Course up by 44.0% Year-OverYear
- Fiscal Year Results:
Net Revenues up by 37.3%
Non-GAAP Loss from Operations was US$233.3 million, compared to Non-GAAP
Income from Operations of US$255.4 million in Fiscal Year 2020
Non-GAAP net income attributable to TAL, which excluded share-based compensation
expenses, was US$89.0 million, compared to non-GAAP net income attributable to TAL of
US$7.7 million in fiscal year 2020
Quarterly Average Student Enrollments of Normal Priced Long-term Course up by
54.4% Year-Over-Year
(Beijing–April 22, 2021)—TAL Education Group (NYSE: TAL) (“TAL” or the “Company”),
a leading K-12 after-school tutoring services provider in China, today announced its
unaudited financial results for the fourth quarter and the fiscal year ended February 28, 2021.
Highlights for the Fourth Quarter of Fiscal Year 2021
- Net revenues increased by 58.9% year-over-year to US$1,362.7 million from US$857.7
million in the same period of the prior year.
- Loss from operations was US$297.2 million, compared to loss from operations of
US$41.3 million in the same period of the prior year.
- Non-GAAP loss from operations, which excluded share-based compensation expenses,
was US$216.9 million, compared to non-GAAP loss from operations of US$8.4 million
in the same period of the prior year.
- Net loss attributable to TAL was US$169.0 million, compared to net loss attributable to
TAL of US$90.1 million in the same period of the prior year.
- Non-GAAP net loss attributable to TAL, which excluded share-based compensation
expenses, was US$88.7 million, compared to non-GAAP net loss attributable to TAL of
US$57.2 million in the same period of the prior year.
- Basic and diluted net loss per American Depositary Share (“ADS”) were both US$0.27.
Non-GAAP basic and diluted net loss per ADS, which excluded share-based
compensation expenses, were both US$0.14. Three ADSs represent one Class A common
share.
- Cash, cash equivalents and short-term investments totaled US$5,937.5 million as of
February 28, 2021, compared to US$2,219.3 million as of February 29, 2020.
- Total student enrollments of normal priced long-term course increased by 44.0% yearover-year to approximately 6,690,950 from approximately 4,646,040 in the same period
of the prior year.
Highlights for the Fiscal Year Ended February 28, 2021
- Net revenues increased by 37.3% year-over-year to US$4,495.8 million from US$3,273.3
million in fiscal year 2020.
- Loss from operations was US$438.2 million, compared to income from operations of
US$137.4 million in fiscal year 2020.
- Non-GAAP loss from operations, which excluded share-based compensation expenses,
was US$233.3 million, compared to non-GAAP income from operations of US$255.4
million in fiscal year 2020.
- Net loss attributable to TAL was US$116.0 million, compared to net loss attributable to
TAL of US$110.2 million in fiscal year 2020.
- Non-GAAP net income attributable to TAL, which excluded share-based compensation
expenses, was US$89.0 million, compared to non-GAAP net income attributable to TAL
of US$7.7 million in fiscal year 2020.
- Basic and diluted net loss per ADS were both US$0.19. Non-GAAP basic and diluted net
income per ADS, excluding share-based compensation expenses, were US$0.15 and
US$0.14, respectively.
- Average student enrollments of normal priced long-term course per quarter during fiscal
year 2021 increased by 54.4% year-over-year to approximately 4,669,140 from
approximately 3,023,840 in fiscal year 2020.
- Total physical network increased from 871 learning centers in 70 cities as of February 29,
2020 to 1,098 learning centers in 110 cities as of February 28, 2021.
JOYY Inc 🧙JOYY Inc is a social media platform. The company is engaged in creating and sharing entertainment content and activities. JOYY enables users to interact with each other in real-time through online live media and offers users an immersive entertainment experience. Its products include YY Live, Bigo Live, Huya, Likee, imo, and Hago. The company offers Live streaming platforms, Short-form video platforms, and other products. The company reports in two segments Bigo and All other. It has a presence in China; Developed countries; Middle East and Southeast Asia and others.
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Why $CLEU stock crashed heavily in February?Reason of the increase in the begining of the february is likely traders in private chats pumping up shares of the stock. Social media talk seems to suggest as much. This has been a growing trend in recent months with Discord groups dedicated to pumping and dumping stocks.
Due to the private nature of Discord groups, it’s hard to pin down where exactly the push into CLEU stock came from. However, once news of the pump spreads to larger social media it typically creates interest in stocks as other investors jump on the bandwagon looking for profits.
finance.yahoo.com
