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Kx13
2023-08-06
D red
3 Stocks For Long Term Capital Appreciation Potential
Kx13
2023-05-09
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Bankruptcy Applications up to 959 in Q1 and May Rise Further: Alvin Tan
Kx13
2023-05-09
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Kx13
2021-09-01
A like pls. Thanks
36Kr Taps into European and Australia & New Zealand Markets
Kx13
2021-08-08
Buying more!
Kx13
2021-08-08
Can I have a like pls
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Kx13
2021-08-07
Powering!
Kx13
2021-08-07
Can I have a like pls. Thanks
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Kx13
2021-08-03
Like pls. Thanks
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Kx13
2021-08-03
Powering up
Kx13
2021-07-29
Powering!
Kx13
2021-07-29
Can I have a like pls
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Kx13
2021-07-28
Can I have a like pls
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Kx13
2021-07-25
Powering
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2021-07-22
Can I have a like pls.
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Kx13
2021-07-21
Powering!!
Kx13
2021-07-19
Powering
Kx13
2021-07-19
Can I have a like pls
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Kx13
2021-07-14
Accumulation!
Kx13
2021-07-14
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red","listText":"D red","text":"D red","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/206056406687968","repostId":"2357410147","repostType":2,"repost":{"id":"2357410147","kind":"highlight","pubTimestamp":1691314031,"share":"https://ttm.financial/m/news/2357410147?lang=&edition=full_marsco","pubTime":"2023-08-06 17:27","market":"us","language":"en","title":"3 Stocks For Long Term Capital Appreciation Potential","url":"https://stock-news.laohu8.com/highlight/detail?id=2357410147","media":"seekingalpha","summary":"That's what the discounted cash-flow model, also known as enterprise valuation, helps solve. Clearly, we’re not interested at all in Kellogg’s shares at this time, nor will we have any interest in its pending breakup into two separate companies--its s","content":"<html><head></head><body><h2 id=\"id_4121458673\" style=\"text-align: left;\">Summary</h2><ul><li><p>Stocks that have grown dividends have underperformed the market-cap weighted S&P 500 in the past decade.</p></li><li><p>Companies with significant net debt positions and high dividend payouts have limited capital appreciation potential.</p></li><li><p>Apple, Alphabet, and Microsoft have strong net cash positions and the potential for upward revisions in future expected free cash flow.</p></li><li><p>We continue to point to these three stocks as a few of our favorites for long-term capital appreciation potential.</p></li><li><p>Big cap tech and the stylistic area of large cap growth remain the places to be, in our view.</p></li></ul><p>Stock prices and returns of a company are a function of its cash-based sources of intrinsic value: net cash on the balance sheet and future expected enterprise free cash flows (and changes in them). A stock price is reduced by the amount of a dividend payment once the company goes ex-dividend. Dividends therefore become capital appreciation that otherwise would have been achieved had the dividend not been paid. As we look over the past decade, stocks that have grown their dividends have underperformed the market-cap weighted S&P 500 (SPY), and we expect this trend to continue this decade.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a1c1c74eb584cddda90a67072c9e66b7\" tg-width=\"640\" tg-height=\"385\"/></p><p>Return after Taxes on Distributions and Sale of Fund Shares (10-year) (State Street)</p><p>The last 10 years may not represent an entire investment horizon that could span 30-40 years or more, but the drivers behind dividend and income investing could possibly get disrupted in the next few years. It is the future that matters, not the past. Many dividend-paying companies tend to have significant net debt positions while they pay out a large percentage of their free cash flows as dividends, resulting in relatively modest capital appreciation potential. Net cash is an add-back to the present value of future expected enterprise free cash flows, so we view net cash positively (and net debt negatively) when it comes to long-term capital appreciation potential. Retained cash flow is important, so dividend liabilities tend to be headwinds for capital appreciation potential.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c46e9ba762ce823bb350d87d39bf122\" tg-width=\"640\" tg-height=\"227\"/></p><p>Kellogg is representative of many consumer staples equities that have net debt positions. (Kellogg’s second-quarter press release)</p><p>Let's take Kelllogg Company (K) as an example of a company that could face pressure in the coming years. The firm has total debt liabilities of ~$6.74 billion and just $308 million in cash (resulting in a net debt position of $6.43 billion), while its reported diluted earnings per share has fallen to $1.90 in the year-to-date period ending July 1, 2023, from $2.19 in the same period a year ago. On an adjusted basis, Kellogg's earnings per share is expected to decline 1%-2% on a currency-neutral basis for the year while free cash flow so far in 2023 has also fallen due to weakening operating cash flow and higher capital spending.</p><p>Yet, despite all of this, shares of Kellogg are trading at 16x current-year’s expected earnings while sporting a forward estimated dividend yield of ~3.6%. If entities like Kellogg can garner a 16x multiple with their comparatively unattractive cash-based characteristics, what type of P/E multiple is then fair for a stock with a huge net cash position, substantial free cash flow generation, and tremendous secular growth prospects? Is it 30, 50, or more? That's what the discounted cash-flow model, also known as enterprise valuation, helps solve. Clearly, we’re not interested at all in Kellogg’s shares at this time, nor will we have any interest in its pending breakup into two separate companies--its snacking business Kellanova and WK Kellogg Co, its North American Cereal business. We want stocks with better cash-based characteristics.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5a604916716b4488caa7206a309018e9\" tg-width=\"640\" tg-height=\"518\"/></p><p>Energy master limited partnerships and mortgage REITs have destroyed the accounts of retirees, necessitating them to chase higher and higher yields as their capital positions have eroded. (Trading View)</p><p>Within the context of the cash-based sources of intrinsic value, net cash is vitally important as it helps to create situations with asymmetric upside potential--and that means little tail risk of bankruptcy or capital-market dependence. Capital-market dependence occurs when a company must continuously access the equity or credit markets in order to keep its business going. If capital becomes more expensive, these companies get squeezed. Some of these beleaguered companies often include REITs (VNQ), master limited partnerships (AMLP) and mortgage REITs (REM), among other companies that have capital expenditures and dividend payments that often exceed what they generate in terms of operating cash flow. Having a net cash position, on the other hand, creates asymmetric upside potential, as with bankruptcy or capital-market dependence risk, the range of fair value outcomes for the company is skewed positively to the upside.</p><p>That covers the important net-cash dynamic. Now let's talk about the second component of cash-based intrinsic value: future expectations of enterprise free cash flow. For this, we're looking for asset-light (capital-light) entities with strong secular growth prospects such that the potential for future upward revisions in free cash flow are likely, if not probable. What we don't want are capital-intensive entities that are cyclical and have to plow back a lot of their free cash flow into their businesses in order to keep growing, or worse, not shrink. If we can find entities that are growing free cash flow considerably and have products tied to catalysts such as artificial intelligence [AI] where the market can continuously revise future expectations of free cash flow higher, then expectations revisions would suggest a higher intrinsic value and therefore a higher stock price (strong capital appreciation potential) for these companies. Let's now cover three stocks that fit the bill in this article.</p><h2 id=\"id_3260081716\"><a href=\"https://laohu8.com/S/AAPL\">Apple Inc. </a></h2><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/65fd51f53aa4e1e395a6cc682847d8a4\" tg-width=\"640\" tg-height=\"353\"/></p><p>Apple continues to lead the market higher. (Trading View)</p><p>When Apple reported its second-quarter report August 4, the company showcased a balance sheet with ~$166.5 billion in cash and marketable securities against term debt of ~$105.3 billion, good for a net cash position of ~$61.2 billion. Though Apple may be working towards a net-neutral balance sheet in coming years, for now, the firm's net cash position firmly tilts its asymmetric risk-reward scenario to the upside, in our view. For the nine months ended July 1, 2023, net cash from operations came in at ~$88.9 billion while capital spending came in at just ~$8.8 billion, showcasing a company that is not only asset-light, but also one that throws off considerable free cash flow.</p><p>One of the concerns often expressed about Apple is the company's price-to-earnings (P/E) ratio. However, it's important to emphasize that P/E ratios are derived in part by the cash-based sources of intrinsic value of the company, and Apple's cash-based sources are nothing short of phenomenal. Earnings, the E in the P/E ratio, only consider a snap-shot of the company's earnings potential and do not factor in the duration of future expected free cash flows. Further, the E in the P/E ratio, ignores the balance sheet, which is a material source of cash-based intrinsic value, as in the case of Apple.</p><p>The high end of our fair value estimate range of Apple currently stands at $200 per share, but there is meaningful potential for upwardly-revised free cash flow expectations in the coming periods, especially as future iterations of the iPhone and the 'Vision Pro' are rolled out. The company's ecosystem lends itself to tremendous upselling and cross-selling opportunities, too, and Apple's pricing power across its product suite is fantastic. When it comes to Apple, we think the risk-reward remains in long-term investors' favor. The P/E ratio has significant shortcomings and generally should not be relied upon when assessing the valuation of a company.</p><h2 id=\"id_1172966944\"><a href=\"https://laohu8.com/S/GOOGL\">Alphabet Inc. </a></h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5be6315e5f0c6cc3e9314d1262712f52\" tg-width=\"640\" tg-height=\"353\"/></p><p>Alphabet has more room to move higher and could once again return to all-time highs. (Trading View)</p><p>At the end of June, Alphabet's total cash and cash equivalents stood at $118.3 billion, while long-term debt stood at $13.7 billion--a very solid net cash position. Cash flow from operations at Alphabet jumped to $28.7 billion in its second quarter, while capital spending was $6.9 billion, resulting in free cash flow generation during the period of $21.8 billion. As with Apple, Alphabet has a fantastic net cash position--a better one--while the firm is throwing off free cash flow like few other companies. Though there are risks to its concentration in search-related advertising revenue, its recent results coupled with insights from <a href=\"https://laohu8.com/S/META\">Meta Platforms</a>' (META) quarterly report suggest a continued recovery in advertising spending following some weakness in 2022.</p><p>We estimate Alphabet's fair value at about $127 per share at this time, but every company has a range of probable fair values that's created by the uncertainty of key valuation drivers such as future revenue or earnings, for example. After all, if the future were known with certainty, we wouldn't see much volatility in the markets as stocks would trade precisely at their known fair values. There'd be no need for price discovery, as we'd know precisely what the company would be worth. Because we live in an imperfect world, however, this is why a margin of safety or the fair value range we assign to each stock is an important part of our process. In the graph below, we show this probable range of fair values for Alphabet. For optimistic investors, we point to the high end of the fair value estimate range ($152) as a reasonable valuation for shares, implying considerable upside potential.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e1a62744d59e2ab5065b7c8644f4fea4\" tg-width=\"640\" tg-height=\"376\"/></p><p>The high end of our fair value estimate range is $152 for Alphabet. (Valuentum)</p><h2 id=\"id_1088550798\"><a href=\"https://laohu8.com/S/MSFT\">Microsoft Corporation </a></h2><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c84363f42e2d9bfe0d52d5d473fb67de\" tg-width=\"640\" tg-height=\"353\"/></p><p>Microsoft recently reached an all-time high and shares have been consolidating. (Trading View)</p><p>You're probably getting the main theme of this article at this point: we love net cash on the balance sheet and future expected free cash flow! Let's now talk about Microsoft's financials. At the end of June, the company held $111.3 billion in total cash and cash equivalents, exclusive of $9.9 billion in equity investments, and short- and long-term debt of $47.2 billion--good for a very nice net cash position. For the three months ended in June, cash flow from operations at Microsoft surged to $28.8 billion, while capital spending came in at $8.9 billion, good for free cash flow generation in the quarter of $19.8 billion (see image below). Microsoft is yet another great example of a net-cash-rich, free-cash-flow generating, secular-growth powerhouse.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/13016bcb17e3231656c3e2a0b6976925\" tg-width=\"640\" tg-height=\"251\"/></p><p>Microsoft's free cash flow has been phenomenal! (Microsoft)</p><p>The company continues to work toward wrapping up its deal with Activision Blizzard (ATVI), a combination that we're not too excited about. Though that deal will eat into Microsoft’s net cash position, we’re still huge fans of its future expected free cash flow generation, which remains very impressive. As it relates to potential for upward future free cash flow revisions, we point to AI as a big catalyst. Not only should AI bolster the attractiveness of Microsoft's search engine Bing (without threatening Google too much), but the company has already rolled out 365 Copilot, which puts to use its advancements in AI within its software suite at a much higher price. The high end of our fair value estimate range for Microsoft stands at $368 per share, and it's hard not to like everything that's going right for the company.</p><h2 id=\"id_4078573035\">Concluding Thoughts</h2><p>When it comes to long-term capital appreciation potential, we like stocks that have strong net cash positions on the balance sheet, are asset-light with secular growth prospects, are currently generating robust free cash flow, and have the prospect for upward revisions in future expected free cash flow. These dynamics create an asymmetric risk-reward scenario where their fair value estimate distributions are skewed positively with the potential for further upside. All things considered, we continue to be big fans of big cap tech and large cap growth, and point to Apple, Alphabet, and Microsoft as three of our favorites.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Stocks For Long Term Capital Appreciation Potential</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Stocks For Long Term Capital Appreciation Potential\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-06 17:27 GMT+8 <a href=https://seekingalpha.com/article/4624472-3-stocks-long-term-capital-appreciation-potential><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryStocks that have grown dividends have underperformed the market-cap weighted S&P 500 in the past decade.Companies with significant net debt positions and high dividend payouts have limited ...</p>\n\n<a href=\"https://seekingalpha.com/article/4624472-3-stocks-long-term-capital-appreciation-potential\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4624472-3-stocks-long-term-capital-appreciation-potential","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2357410147","content_text":"SummaryStocks that have grown dividends have underperformed the market-cap weighted S&P 500 in the past decade.Companies with significant net debt positions and high dividend payouts have limited capital appreciation potential.Apple, Alphabet, and Microsoft have strong net cash positions and the potential for upward revisions in future expected free cash flow.We continue to point to these three stocks as a few of our favorites for long-term capital appreciation potential.Big cap tech and the stylistic area of large cap growth remain the places to be, in our view.Stock prices and returns of a company are a function of its cash-based sources of intrinsic value: net cash on the balance sheet and future expected enterprise free cash flows (and changes in them). A stock price is reduced by the amount of a dividend payment once the company goes ex-dividend. Dividends therefore become capital appreciation that otherwise would have been achieved had the dividend not been paid. As we look over the past decade, stocks that have grown their dividends have underperformed the market-cap weighted S&P 500 (SPY), and we expect this trend to continue this decade.Return after Taxes on Distributions and Sale of Fund Shares (10-year) (State Street)The last 10 years may not represent an entire investment horizon that could span 30-40 years or more, but the drivers behind dividend and income investing could possibly get disrupted in the next few years. It is the future that matters, not the past. Many dividend-paying companies tend to have significant net debt positions while they pay out a large percentage of their free cash flows as dividends, resulting in relatively modest capital appreciation potential. Net cash is an add-back to the present value of future expected enterprise free cash flows, so we view net cash positively (and net debt negatively) when it comes to long-term capital appreciation potential. Retained cash flow is important, so dividend liabilities tend to be headwinds for capital appreciation potential.Kellogg is representative of many consumer staples equities that have net debt positions. (Kellogg’s second-quarter press release)Let's take Kelllogg Company (K) as an example of a company that could face pressure in the coming years. The firm has total debt liabilities of ~$6.74 billion and just $308 million in cash (resulting in a net debt position of $6.43 billion), while its reported diluted earnings per share has fallen to $1.90 in the year-to-date period ending July 1, 2023, from $2.19 in the same period a year ago. On an adjusted basis, Kellogg's earnings per share is expected to decline 1%-2% on a currency-neutral basis for the year while free cash flow so far in 2023 has also fallen due to weakening operating cash flow and higher capital spending.Yet, despite all of this, shares of Kellogg are trading at 16x current-year’s expected earnings while sporting a forward estimated dividend yield of ~3.6%. If entities like Kellogg can garner a 16x multiple with their comparatively unattractive cash-based characteristics, what type of P/E multiple is then fair for a stock with a huge net cash position, substantial free cash flow generation, and tremendous secular growth prospects? Is it 30, 50, or more? That's what the discounted cash-flow model, also known as enterprise valuation, helps solve. Clearly, we’re not interested at all in Kellogg’s shares at this time, nor will we have any interest in its pending breakup into two separate companies--its snacking business Kellanova and WK Kellogg Co, its North American Cereal business. We want stocks with better cash-based characteristics.Energy master limited partnerships and mortgage REITs have destroyed the accounts of retirees, necessitating them to chase higher and higher yields as their capital positions have eroded. (Trading View)Within the context of the cash-based sources of intrinsic value, net cash is vitally important as it helps to create situations with asymmetric upside potential--and that means little tail risk of bankruptcy or capital-market dependence. Capital-market dependence occurs when a company must continuously access the equity or credit markets in order to keep its business going. If capital becomes more expensive, these companies get squeezed. Some of these beleaguered companies often include REITs (VNQ), master limited partnerships (AMLP) and mortgage REITs (REM), among other companies that have capital expenditures and dividend payments that often exceed what they generate in terms of operating cash flow. Having a net cash position, on the other hand, creates asymmetric upside potential, as with bankruptcy or capital-market dependence risk, the range of fair value outcomes for the company is skewed positively to the upside.That covers the important net-cash dynamic. Now let's talk about the second component of cash-based intrinsic value: future expectations of enterprise free cash flow. For this, we're looking for asset-light (capital-light) entities with strong secular growth prospects such that the potential for future upward revisions in free cash flow are likely, if not probable. What we don't want are capital-intensive entities that are cyclical and have to plow back a lot of their free cash flow into their businesses in order to keep growing, or worse, not shrink. If we can find entities that are growing free cash flow considerably and have products tied to catalysts such as artificial intelligence [AI] where the market can continuously revise future expectations of free cash flow higher, then expectations revisions would suggest a higher intrinsic value and therefore a higher stock price (strong capital appreciation potential) for these companies. Let's now cover three stocks that fit the bill in this article.Apple Inc. Apple continues to lead the market higher. (Trading View)When Apple reported its second-quarter report August 4, the company showcased a balance sheet with ~$166.5 billion in cash and marketable securities against term debt of ~$105.3 billion, good for a net cash position of ~$61.2 billion. Though Apple may be working towards a net-neutral balance sheet in coming years, for now, the firm's net cash position firmly tilts its asymmetric risk-reward scenario to the upside, in our view. For the nine months ended July 1, 2023, net cash from operations came in at ~$88.9 billion while capital spending came in at just ~$8.8 billion, showcasing a company that is not only asset-light, but also one that throws off considerable free cash flow.One of the concerns often expressed about Apple is the company's price-to-earnings (P/E) ratio. However, it's important to emphasize that P/E ratios are derived in part by the cash-based sources of intrinsic value of the company, and Apple's cash-based sources are nothing short of phenomenal. Earnings, the E in the P/E ratio, only consider a snap-shot of the company's earnings potential and do not factor in the duration of future expected free cash flows. Further, the E in the P/E ratio, ignores the balance sheet, which is a material source of cash-based intrinsic value, as in the case of Apple.The high end of our fair value estimate range of Apple currently stands at $200 per share, but there is meaningful potential for upwardly-revised free cash flow expectations in the coming periods, especially as future iterations of the iPhone and the 'Vision Pro' are rolled out. The company's ecosystem lends itself to tremendous upselling and cross-selling opportunities, too, and Apple's pricing power across its product suite is fantastic. When it comes to Apple, we think the risk-reward remains in long-term investors' favor. The P/E ratio has significant shortcomings and generally should not be relied upon when assessing the valuation of a company.Alphabet Inc. Alphabet has more room to move higher and could once again return to all-time highs. (Trading View)At the end of June, Alphabet's total cash and cash equivalents stood at $118.3 billion, while long-term debt stood at $13.7 billion--a very solid net cash position. Cash flow from operations at Alphabet jumped to $28.7 billion in its second quarter, while capital spending was $6.9 billion, resulting in free cash flow generation during the period of $21.8 billion. As with Apple, Alphabet has a fantastic net cash position--a better one--while the firm is throwing off free cash flow like few other companies. Though there are risks to its concentration in search-related advertising revenue, its recent results coupled with insights from Meta Platforms' (META) quarterly report suggest a continued recovery in advertising spending following some weakness in 2022.We estimate Alphabet's fair value at about $127 per share at this time, but every company has a range of probable fair values that's created by the uncertainty of key valuation drivers such as future revenue or earnings, for example. After all, if the future were known with certainty, we wouldn't see much volatility in the markets as stocks would trade precisely at their known fair values. There'd be no need for price discovery, as we'd know precisely what the company would be worth. Because we live in an imperfect world, however, this is why a margin of safety or the fair value range we assign to each stock is an important part of our process. In the graph below, we show this probable range of fair values for Alphabet. For optimistic investors, we point to the high end of the fair value estimate range ($152) as a reasonable valuation for shares, implying considerable upside potential.The high end of our fair value estimate range is $152 for Alphabet. (Valuentum)Microsoft Corporation Microsoft recently reached an all-time high and shares have been consolidating. (Trading View)You're probably getting the main theme of this article at this point: we love net cash on the balance sheet and future expected free cash flow! Let's now talk about Microsoft's financials. At the end of June, the company held $111.3 billion in total cash and cash equivalents, exclusive of $9.9 billion in equity investments, and short- and long-term debt of $47.2 billion--good for a very nice net cash position. For the three months ended in June, cash flow from operations at Microsoft surged to $28.8 billion, while capital spending came in at $8.9 billion, good for free cash flow generation in the quarter of $19.8 billion (see image below). Microsoft is yet another great example of a net-cash-rich, free-cash-flow generating, secular-growth powerhouse.Microsoft's free cash flow has been phenomenal! (Microsoft)The company continues to work toward wrapping up its deal with Activision Blizzard (ATVI), a combination that we're not too excited about. Though that deal will eat into Microsoft’s net cash position, we’re still huge fans of its future expected free cash flow generation, which remains very impressive. As it relates to potential for upward future free cash flow revisions, we point to AI as a big catalyst. Not only should AI bolster the attractiveness of Microsoft's search engine Bing (without threatening Google too much), but the company has already rolled out 365 Copilot, which puts to use its advancements in AI within its software suite at a much higher price. The high end of our fair value estimate range for Microsoft stands at $368 per share, and it's hard not to like everything that's going right for the company.Concluding ThoughtsWhen it comes to long-term capital appreciation potential, we like stocks that have strong net cash positions on the balance sheet, are asset-light with secular growth prospects, are currently generating robust free cash flow, and have the prospect for upward revisions in future expected free cash flow. These dynamics create an asymmetric risk-reward scenario where their fair value estimate distributions are skewed positively with the potential for further upside. All things considered, we continue to be big fans of big cap tech and large cap growth, and point to Apple, Alphabet, and Microsoft as three of our favorites.","news_type":1},"isVote":1,"tweetType":1,"viewCount":625,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947763629,"gmtCreate":1683618376461,"gmtModify":1683618380466,"author":{"id":"3574502649980992","authorId":"3574502649980992","name":"Kx13","avatar":"https://static.tigerbbs.com/2a78e91737238ac72c0fd1bef1e87fae","crmLevel":2,"crmLevelSwitch":0,"idStr":"3574502649980992","authorIdStr":"3574502649980992"},"themes":[],"htmlText":"Z ","listText":"Z ","text":"Z","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947763629","repostId":"1151664290","repostType":2,"repost":{"id":"1151664290","kind":"news","pubTimestamp":1683616083,"share":"https://ttm.financial/m/news/1151664290?lang=&edition=full_marsco","pubTime":"2023-05-09 15:08","market":"sg","language":"en","title":"Bankruptcy Applications up to 959 in Q1 and May Rise Further: Alvin Tan","url":"https://stock-news.laohu8.com/highlight/detail?id=1151664290","media":"The Business Times","summary":"Individuals filed 959 bankruptcy applications in the first quarter of 2023, a slight uptick from the","content":"<div>\n<p>Individuals filed 959 bankruptcy applications in the first quarter of 2023, a slight uptick from the quarterly average of 912 applications in 2022.This could rise further, “as a small segment of more ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/singapore/bankruptcy-applications-959-q1-and-may-rise-further-property-foreclosures-yet-pick\">Web Link</a>\n\n</div>\n","source":"lsy1607307803821","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bankruptcy Applications up to 959 in Q1 and May Rise Further: Alvin Tan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBankruptcy Applications up to 959 in Q1 and May Rise Further: Alvin Tan\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-09 15:08 GMT+8 <a href=https://www.businesstimes.com.sg/singapore/bankruptcy-applications-959-q1-and-may-rise-further-property-foreclosures-yet-pick><strong>The Business Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Individuals filed 959 bankruptcy applications in the first quarter of 2023, a slight uptick from the quarterly average of 912 applications in 2022.This could rise further, “as a small segment of more ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/singapore/bankruptcy-applications-959-q1-and-may-rise-further-property-foreclosures-yet-pick\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.businesstimes.com.sg/singapore/bankruptcy-applications-959-q1-and-may-rise-further-property-foreclosures-yet-pick","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151664290","content_text":"Individuals filed 959 bankruptcy applications in the first quarter of 2023, a slight uptick from the quarterly average of 912 applications in 2022.This could rise further, “as a small segment of more vulnerable borrowers face higher risks of financial distress amid higher interest rates and slower economic growth” said Minister of State for Trade and Industry Alvin Tan in Parliament on Tuesday (May 9).On mortgage listings, he noted that property-related foreclosures are yet to pick up. Five commercial loans were foreclosed by financial institutions in Q1 2023, compared to an average of four last year. For residential loans, five were foreclosed in the first quarter, compared to an average of 12 per quarter in 2022.People’s Action Party Member of Parliament Saktiandi Supaat flagged a previous written answer to a parliamentary question, which said that an average S$240 increase in mortgage payments – or about 2 per cent of these borrowers’ monthly income – was estimated for close to 27,000 homeowners, who refinanced their mortgages in the 12 months from March 2022 to February 2023. He asked for further updates on household debt situations in Singapore in a supplementary question.Tan said: “Naturally, households with outstanding mortgages will see higher borrowing costs... as interest rates rise from exceptionally low levels in the past decade. So, they will face the impact of a rise at different points of time depending on the types of loan packages that they have taken up,” he added.Tan noted that, as at Q1 2023, about 38 per cent of mortgages extended by financial institutions for private residential property purchases by financial institutions were on floating rate packages, that move in tandem with market interest rates.The remaining 62 per cent were either on rates linked to board rates, fixed deposit rates which track market interest rates but with some lag, or fixed interest rates over the first few years of their loans.On the increase in mortgage payments, Tan reiterated that the 2 per cent increase comes against a background of a 10 per cent increase in monthly income over the last three years, which would have helped cushion the increase.Tan also provided updated data for mortgages refinanced between August 2022 and February 2023.For example, on the higher end, those whose loans were accepted or at least last refinanced in February 2022 at an interest rate of about 1.8 per cent faced an average increase in monthly payment of about S$730, or about 6 per cent as a share of monthly income, after refinancing in February at an interest rate of about 3.9 per cent, he said.But he added that, again, the average 10 per cent increase in monthly income over the past years would have helped to cushion the impact.Responding to Saktiandi’s supplementary question on mortgage listing data, the minister of state said that their use as an indicator of households and businesses in distress may be limited.The extent of distressed sales could be overstated, partially due to over-counting, he said, adding that while “we are not privy to the auction houses’ methodologies”, there are challenges in tracking such data, with no central database.Quarter-on-quarter changes could also suffer from the low base effect due to seasonal market activity, he noted.","news_type":1},"isVote":1,"tweetType":1,"viewCount":548,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947763866,"gmtCreate":1683618376456,"gmtModify":1683618380426,"author":{"id":"3574502649980992","authorId":"3574502649980992","name":"Kx13","avatar":"https://static.tigerbbs.com/2a78e91737238ac72c0fd1bef1e87fae","crmLevel":2,"crmLevelSwitch":0,"idStr":"3574502649980992","authorIdStr":"3574502649980992"},"themes":[],"htmlText":"Z ","listText":"Z ","text":"Z","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947763866","repostId":"1151664290","repostType":2,"isVote":1,"tweetType":1,"viewCount":656,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816668005,"gmtCreate":1630497382007,"gmtModify":1676530320054,"author":{"id":"3574502649980992","authorId":"3574502649980992","name":"Kx13","avatar":"https://static.tigerbbs.com/2a78e91737238ac72c0fd1bef1e87fae","crmLevel":2,"crmLevelSwitch":0,"idStr":"3574502649980992","authorIdStr":"3574502649980992"},"themes":[],"htmlText":"A like pls. Thanks","listText":"A like pls. Thanks","text":"A like pls. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/816668005","repostId":"2164892507","repostType":4,"repost":{"id":"2164892507","kind":"news","pubTimestamp":1630497060,"share":"https://ttm.financial/m/news/2164892507?lang=&edition=full_marsco","pubTime":"2021-09-01 19:51","market":"us","language":"en","title":"36Kr Taps into European and Australia & New Zealand Markets","url":"https://stock-news.laohu8.com/highlight/detail?id=2164892507","media":"StreetInsider","summary":"BEIJING, Sept. 1, 2021 /PRNewswire/ -- 36Kr Holdings Inc. (\"36Kr\" or the \"Company\") (NASDAQ: KRKR), ","content":"<p>BEIJING, Sept. 1, 2021 /PRNewswire/ -- 36Kr Holdings Inc. (\"36Kr\" or the \"Company\") (NASDAQ: KRKR), a prominent brand and pioneering platform dedicated to serving New Economy participants in China, today announced that 36Kr Global, a joint venture between the Company and Lotus Walk Inc., has entered European and Australia & New Zealand markets, further extending 36Kr's international business reach.</p>\n<p>36Kr has been exploring business opportunities in overseas markets through 36Kr Global since 2017, growing into a leading player in terms of business media and enterprise service platform in Japan, Singapore, Indonesia and other Southeast Asian countries. To further build on this success, 36Kr Global established on-site operational teams to expand into European and Australia & New Zealand markets by reporting regional business news, providing bi-lateral and multi-lateral business intelligence, as well as building media outlets KrEurope and Kr-ANZ to cater to local readers and clients. With these initiatives, 36Kr Global will deliver a full spectrum of enterprise services including industrial research, strategic consulting, international branding & communication, overseas government relations, cross-border financing, cross-border commerce as well as business partnership and eco-system building.</p>\n<p>As a prominent brand and pioneering platform dedicated to serving New Economy participants in China, 36Kr has a proven track record of creating and producing high quality New Economy-centric business, finance, and corporate content. Over the years, the Company not only enriched its content presentation formats from text and image to audio, short-form video and live streaming, but also constantly expanded its distribution network to include almost all major third-party traffic platforms. Additionally, on the global presence front, 36Kr's content was recently included in the Bloomberg Terminal and Dow Jones Factiva news feeds, attesting to the Company's exceptional content generation capabilities and industry influence. Leveraging the strong foundation of its business media platform, 36Kr is also building a comprehensive service platform that is set to offer unparalleled online advertising services, enterprise value-added services and subscription services, to monetize its strong brand, user base, new economy coverage and vast traffic.</p>\n<p>Mr. Dagang Feng, co-chairman and chief executive officer of 36Kr, said, \"We are delighted to see 36Kr Global's expansion into European and Australia & New Zealand markets, as it further strengthens our international engagement and brand recognition. As increasingly more Chinese New Economy enterprises have plans to expand their business overseas, we believe this presents another opportunity for 36Kr to join hands with them and empower their growth as we do in our home market. We are excited to further capitalize our content strength and brand awareness, as we appeal to a broader audience base and further solidify our core competencies and value proposition in the global financial marketplace. With our tireless optimization and continuous long-term investments in our content, product and technology, we believe we are well-positioned to drive innovation and exchanges between China and the rest of the world and seize the immense commercialization opportunities in the new era, further unlocking values to our customers, users and investors globally.\"</p>\n<p><b>About 36Kr Holdings Inc.</b></p>\n<p>36Kr Holdings Inc. is a prominent brand and pioneering platform dedicated to serving New Economy participants in China with the mission of empowering New Economy participants to achieve more. The Company started its business with high-quality New Economy-focused content offerings, covering a variety of industries in China's New Economy with diverse distribution channels. Leveraging traffic brought by high-quality content, the Company has expanded its offerings to business services, including online advertising services, enterprise value-added services and subscription services to address the evolving needs of New Economy companies and upgrading needs of traditional companies. The Company is supported by a comprehensive database and strong data analytics capabilities. Through diverse service offerings and significant brand influence, the Company is well-positioned to continuously capture the high growth potential of China's New Economy.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>36Kr Taps into European and Australia & New Zealand Markets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n36Kr Taps into European and Australia & New Zealand Markets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-01 19:51 GMT+8 <a href=https://www.streetinsider.com/dr/news.php?id=18892150><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING, Sept. 1, 2021 /PRNewswire/ -- 36Kr Holdings Inc. (\"36Kr\" or the \"Company\") (NASDAQ: KRKR), a prominent brand and pioneering platform dedicated to serving New Economy participants in China, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18892150\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KRKR":"36氪"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18892150","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2164892507","content_text":"BEIJING, Sept. 1, 2021 /PRNewswire/ -- 36Kr Holdings Inc. (\"36Kr\" or the \"Company\") (NASDAQ: KRKR), a prominent brand and pioneering platform dedicated to serving New Economy participants in China, today announced that 36Kr Global, a joint venture between the Company and Lotus Walk Inc., has entered European and Australia & New Zealand markets, further extending 36Kr's international business reach.\n36Kr has been exploring business opportunities in overseas markets through 36Kr Global since 2017, growing into a leading player in terms of business media and enterprise service platform in Japan, Singapore, Indonesia and other Southeast Asian countries. To further build on this success, 36Kr Global established on-site operational teams to expand into European and Australia & New Zealand markets by reporting regional business news, providing bi-lateral and multi-lateral business intelligence, as well as building media outlets KrEurope and Kr-ANZ to cater to local readers and clients. With these initiatives, 36Kr Global will deliver a full spectrum of enterprise services including industrial research, strategic consulting, international branding & communication, overseas government relations, cross-border financing, cross-border commerce as well as business partnership and eco-system building.\nAs a prominent brand and pioneering platform dedicated to serving New Economy participants in China, 36Kr has a proven track record of creating and producing high quality New Economy-centric business, finance, and corporate content. Over the years, the Company not only enriched its content presentation formats from text and image to audio, short-form video and live streaming, but also constantly expanded its distribution network to include almost all major third-party traffic platforms. Additionally, on the global presence front, 36Kr's content was recently included in the Bloomberg Terminal and Dow Jones Factiva news feeds, attesting to the Company's exceptional content generation capabilities and industry influence. Leveraging the strong foundation of its business media platform, 36Kr is also building a comprehensive service platform that is set to offer unparalleled online advertising services, enterprise value-added services and subscription services, to monetize its strong brand, user base, new economy coverage and vast traffic.\nMr. Dagang Feng, co-chairman and chief executive officer of 36Kr, said, \"We are delighted to see 36Kr Global's expansion into European and Australia & New Zealand markets, as it further strengthens our international engagement and brand recognition. As increasingly more Chinese New Economy enterprises have plans to expand their business overseas, we believe this presents another opportunity for 36Kr to join hands with them and empower their growth as we do in our home market. We are excited to further capitalize our content strength and brand awareness, as we appeal to a broader audience base and further solidify our core competencies and value proposition in the global financial marketplace. With our tireless optimization and continuous long-term investments in our content, product and technology, we believe we are well-positioned to drive innovation and exchanges between China and the rest of the world and seize the immense commercialization opportunities in the new era, further unlocking values to our customers, users and investors globally.\"\nAbout 36Kr Holdings Inc.\n36Kr Holdings Inc. is a prominent brand and pioneering platform dedicated to serving New Economy participants in China with the mission of empowering New Economy participants to achieve more. The Company started its business with high-quality New Economy-focused content offerings, covering a variety of industries in China's New Economy with diverse distribution channels. Leveraging traffic brought by high-quality content, the Company has expanded its offerings to business services, including online advertising services, enterprise value-added services and subscription services to address the evolving needs of New Economy companies and upgrading needs of traditional companies. The Company is supported by a comprehensive database and strong data analytics capabilities. Through diverse service offerings and significant brand influence, the Company is well-positioned to continuously capture the high growth potential of China's New Economy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":795,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891778624,"gmtCreate":1628436958868,"gmtModify":1703506228344,"author":{"id":"3574502649980992","authorId":"3574502649980992","name":"Kx13","avatar":"https://static.tigerbbs.com/2a78e91737238ac72c0fd1bef1e87fae","crmLevel":2,"crmLevelSwitch":0,"idStr":"3574502649980992","authorIdStr":"3574502649980992"},"themes":[],"htmlText":"Buying more! ","listText":"Buying more! 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