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Hi, is it possible to buy Big Hit shares yet? I don’t think the BTS/Kpop hype will die down anytime soon and their IPO is doing really well. Any thoughts?
Hey Anon! Unfortunately, foreigners living outside of Korea cannot participate just yet . For Big Hit Entertainment, retail investors located in Korea will be able to participate in the subscription on 5 Oct and 6 Oct 2020 . But you can still buy the shares when Big Hit shares are traded on the open stock market/KRX . Big Hit is also expected to list on the KOSPI (the major stock market index of South Korea) on Oct 15 . Do note that only 20 percent of the label’s total shares are open to retail investors, so the competition amongst both investors and fans may be fierce. ! // You’re right about the IPO soaring though! 1. Largest IPO listing in South Korea in three years Big Hit Entertainment ( management label of popular South Korean K-Pop group BTS) priced its IPO at the top of its range yesterday which is South Korea's largest listing in three years . Their IPO boasts a valuation higher than the combined value of S.M. Entertainment, JYP Entertainment and YG Entertainment , which are South Korea’s three major entertainment companies. Big Hit’s IPO will raise 962.6 billion won (US$820 million) through the offer of 7.13 million new shares . With analysts predicting gross bids from retail investors with the possibility of hitting 100 trillion won (US$85 billion), the South Korean central bank is following the IPO closely, due to the possibility of oversubscription sending waves through short-term funding markets. 2. IPO subscribed over 1000 times Big Hit priced the IPO at 135,000 won (US$115) per share and even at the pre-subscription offer stage, about 1,420 institutional investors sought their shares looking for as many as 1,117 times the number available . This is of course aligned with the band’s popularity and success, their song Dynamite reaching number one on the US Billboard Hot 100 singles chart. Despite having to cancel their planned concerts due to the pandemic, Big Hit reported that sales surged almost 50% and a 49.7 billion won (US$42.4 million) profit for the first half of 2020 with its online concert and merchandise sales. // However, some investors are cautious due to the company’s heavy reliance on a single artist , BTS who accounted for 97.4% of the company’s sales last year and 87.7% in the first half of this year . Furthermore, with compulsory military service awaiting the BTS members , some investors feel this could affect the stock prices in the near future. Big Hit has been diversifying its businesses to counter these risks by acquiring two other agencies , while continuing to nurture and expanding trainees to debut new acts. Yep, so if you happen to be a fan of BTS, I guess it’s great to be able to invest and support your favourite artist at the same time! But that being said, remember to do your own due diligence before deciding!
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Any thoughts on US Presidential election affecting china tech firms share (E.g. Tencent)?
Frankie Rappaport
Frankie Rappaport
Top Contributor

Top Contributor (Aug)

Level 9. God of Wisdom
Answered 1d ago
Everything is possible. my gut feeling: these are only mock battles, in the end after some negotiations they will enjoy win-win situation as dual 'world codominance'
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Stocks Discussion

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Why has Amazon’s stock price been on decline? They fell 12% in Sep alone??
Hey Anon, You’re right about that. But do take note that the recent fall with Amazon is also happening amidst the fall in tech stocks along with Facebook and Tesla. ! Source: Google We can see that Amazon has been on an epic run, with the shares nearly doubling off their March lows. This suggests that market correction might be taking place due the valuation that has been happening at extreme levels . But there are other reasons that have played a part as well for the fall in September. Disclaimer: Information accurate as of 28 Sep 2020. ! 1. Rising Employee Unhappiness Amazon has been having increasingly tense relations with its employees. This was already prevalent during the battle for a $15/hour minimum wage in 2018. Following the coronavirus, employees want much more. Back in April 2020, ex-employee Chris Smalls, who claims Amazon wrongly fired him, led a collective bargaining movement for employees. Though this doesn’t seem to be a huge deal, in August 2020 , 100 protestors led by Chris Smalls s et up a guillotine outside of one of Bezos’ houses demanding he increase the minimum wage for his workers to $30 an hour, as well as provide adequate personal protective equipment and sanitation, give increased hazard pay and sick pay dating back to March 1. ! Source: Google Additionally, in early September 2020 , reporters exposed the fact that Amazon has reportedly been spying on workers' private Facebook groups and tracking their plans to 'strike or protest' . Hence, the tumble in stocks in September . These posts are monitored by the "Advocacy Operations Social Listening Team," and even has a "Social Listening SOP." People on the listening team are supposed to "capture posts" written by Amazon Flex drivers, categorize and flag them for investigation. Regardless, this paints a very poor view for Amazon, and which could irritate the public, draw hostile regulation from politicians and of course, not reflect well their stock prices. 2. Antitrust Concerns Amazon has been a target for criticism by both political parties , Democratic politicians such as Bernie Sanders for paying insufficient wages, and republicans with the Trump Administration launching investigations into the big tech companies, including Amazon with Bezos accusing the Trump administration of advancing the president’s “personal vendetta”. Furthermore, while the pandemic has accelerated Amazon’s market share gains, it has also led to criticism that the company is too powerful . And the latest move by Amazon in August 2020 which involves turning failing malls into distribution centers only reinforces this. With Amazon having crushed many local towns and cities’ tax bases, this leads to more investigations into Amazon to force them to pay up for its past anti-competitive behavior. 3. Rising E-Commerce Competition On top of the antitrust front, Amazon is starting to lose share in many e-commerce niches which could be bad news in the broader AMZN stock outlook. Large chunks of the total addressable market are disappearing as sites like Shopify and Etsy are enjoying historic growth this year. All these news are not great for Amazon’s share price. With investors betting on Amazon remaining invincible regardless, any mishaps can cause the share price to slide . // Of course, Amazon is not going to sink anytime soon because of these factors. Bezos could copy his peers at Apple and Tesla and issue a stock split to drive up the stock price . And the lingering effects of the pandemic may lead to a continuous strong season for Amazon. But whether Amazon is able to solve these seemingly small issues, to prevent them from snowballing or triggering serious fundamentals could affect whether huge headwinds will soon slow down Amazon’s rise. Here are more community opinions on the US stock market suffering one of its longest weekly losing streaks in a year and whether it is linked to the fall in tech stocks. Hope this helps!
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General

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Grab

AIA

What do you think about Grab having talks with AIA and Prudential for investments in its financial services unit? Who will benefit the most?
Lee John
Lee John
Level 7. Grand Master
Answered 1d ago
Seeing how Grab's business model doesnt benefit consumers much, im not too keen.
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COVID-19

43% of retail investors are trading with leverage since the pandemic, how does having more retail investors affect the market?
Lee John
Lee John
Level 7. Grand Master
Answered 1d ago
43% of retail investor trading with leverage doesn't indicate more retail investors. The data only show how they finance their investments.
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Tesla

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Online Brokerages

Tesla's shares slid 1% on top of the stock’s 10.34% decline during the normal trading session after “Battery Day". Guess it's time for Tesla bulls to strike? What platform to buy into Tesla?
I've been a heavy bull on Tesla since $200 (pre-split) Let's talk about Tesla for a while, but I'll save you the details on the company, the product and all that jazz. Let's talk about the stock price. - Faith in Musk & Co to achieve Tesla goals. I'm a Tesla Bull because of the maximum potential Tesla can go. They are nowhere near, so there are no financials, no revenue numbers on their Cybertruck, their Insurance expansion, their new batteries or their possible side businesses. All thats left is to trust in Musk to achieve that, and make sure that if he fails to do so, you are not impacted. - Understanding of the cult like nature of the stock Tesla's shareholders are like a cult. There are the super long term investors, fighting wtih the long term shorts. The increase of this group over the shorts caused the large and consistent spike in prices, as long term buying demand increased over long term selling demand. If the situation ever flips, Tesla suffers headwinds on a long term scale, the reverse might happen and the price will stay depressed longer. - The short term price speculations The current buying opportunity your looking at, is due to short term speculators running for the door when the Battery Day didnt announce anything revolutionary. This might turn into a long term downtrend (read before) or a short dip before a recovery (if speculators flood back in). Which group do you belong to? If you are a short term speculator, going in now for the chnance that it will spike is not a bad idea. if you believe in the long term potential + Musk and Co., making use of this chance is not bad too. Disclaimer, I am vested, heavily. I wont lie to tell you that I was disappointed and shocked by the price fall. I will be attempting to buy more if I can.
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In the News

Stocks Discussion

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Quite an interesting (though not necessarily strong) correlation between Trump's reelection and the stock market. How does the stock market historically react after a new US presidential election?
Jovan Lai
Jovan Lai
Level 5. Genius
Answered 5d ago
Hello! I’ll refer you to Mr Adam Khoo’s video. The relevant part you are looking for is in the first 9mins. https://youtu.be/RugCIVyc6qI
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In the News

Stocks Discussion

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Why did the US stock market suffer one of its longest weekly losing streak (3 weeks) in about a year? Is it because of the fall in tech stocks?
Jovan Lai
Jovan Lai
Level 5. Genius
Answered 1w ago
Most financial news media will try to find a reason for every price action, if you follow it I guarantee you will be lost and confused in a few months. Short term: market sentiment Long term: fundamentals Bull-bear spread on AAII shot up and a lot of people turned bullish in a short span of time since the June sideways correction. I invite you to check it out and correlate it with the S&P500 yourself to see how accurate short term price actions is correlated to market sentiment, should you not believe. https://ycharts.com/indicators/usinvestorsentimentbullbear_spread Remember, market moves opposite to where most investors/Traders feel it’ll go. Taking a contrarian view is important. Many great investors have talked about this before. “Be greedy when others are fearful, fearful when others are greedy.” - Warren Buffett Some books to read: 1. The Most important things - Howard Marks 2. One up on Wall Street - Peter Lynch Some YouTube channels: Alessio Rastani, Adam Khoo.
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"US stock-index futures slip; yuan ticks higher" - Do you think it's possible for China to overtake US as a super power in the next 10 years?
Jovan Lai
Jovan Lai
Level 5. Genius
Answered 1w ago
It’s very interesting that you asked. China’s growth has been much higher than US for the past years. https://youtu.be/7AMGPHaCQu8 Mr Adam Khoo has nicely summed up many of those facts and evidence for us. No one knows about who will be the superpower, in fact both might have codominance. My personal view is that a good relation between both countries can benefit the world, however they have their political differences.
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Fresh Graduates

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Recommended / Suggested courses using $500 SkillsFuture Funding?
Ember Sh-en
Ember Sh-en
Level 4. Prodigy
Answered 2w ago
Python related one
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