Full Time ACCA CA Accountant with 22 years of trading experience.
I am very disappointed with the Crypto Clarity Act outcome. I expect good news and…..the outcome is so disappointing. I do not understand why the senators blocked disagrees with the act.
Failed the 60-vote threshold 49–50 early this morning. It is ready a “Big setback” for US crypto rules.🥹🥹 no chance for BTC to reclaim 100k again by year end.😞
At 2am tomorrow, markets get the moment they've been building toward all week: the Fed's rate decision. Ahead of it, a 20-year Treasury auction just set a record yield of 5.42%, breaking the 2023 high...
🚨 Who Is Next After Haidilao? HK Stocks Trust Tax Watchlist
I guess many investors must have heard about Haidilao’s founder share sale news.
Bloomberg and The Straits Times recently have also covered the news and flagged Xiaomi, Li Ning, Sunac and Guming as names to watch.
I decided to do my own independent research to see who else may be affected.
Here is what I have gathered :
Fact: Based on China’s MOF and STA Announcement No.21. The compliance deadline is 22 October 2026.
Offshore discretionary trusts holding founder equity will face a 20% tax on accumulated dividends, trust contributions from 2023 to 2025 and realised capital gains. Any unpaid taxes after the deadline will incur a 0.05% daily surcharge plus penalties up to five times the owed amount.
I reviewed 19 major HK-listed tech leaders. 11 founders hold controlling stakes through offshore discretionary trusts. These companies are now under close watch before the deadline.
1️⃣ NetEase (9999.HK)
Largest exposure in this group. Estimated tax bill of US$600–700 million from historical trust dividends.
2️⃣ Pop Mart (9992.HK)
Structurally very similar to Haidilao. Uses the same trustee firm UBS Trustees B.V.I. Estimated bill of US$60–90 million.
3️⃣ Horizon Robotics & XtalPi
Both settled their trusts within the retroactive period without dividend cash. They may need to sell shares to fund the tax payment.
📊 Please refer to the full infographic for more details.
Do you think the above companies like to follow Haidilao🙄?
Disclaimer: For information and educational purposes ONLY. Based on public available information and I may be wrong. Hence this is definitely not financial or tax advice. Do your own due diligence☺️.
$HAIDILAO(06862.HK)$NTES(09999.HK)$POP MART(09992.HK)
$LINK REIT(00823.HK)
📉 Link REIT (0823.HK): Value Trap or Bargain?
Link REIT is showing a clear gap between its short-term price action and actual fundamentals. Here is the full picture.
🔷Technical Signals-4 hourly chart
• Bearish Trend: Units fell sharply from HK$39.60 to HK$36.80.
• Oversold: 14-day RSI at 27.80, deep in oversold territory selling pressure may ease.
• Support Levels: Price has broken below the lower Bollinger Band at HK$36.85. Next support sits around HK$35.00 to HK$35.50.
🔷 Fundamental Snapshot
1️⃣ Huge Valuation Discount:
P/B ratio just 0.64. A massive 36% discount to its net asset value of HK$57.75.
2️⃣ Solid Yield:
6.89% dividend yield, very attractive steady income for investors.
2️⃣ Accounting vs Reality:
Statutory negative EPS of -HK$2.86 comes from non-cash property revaluations.
It does not mean the business is underperforming.
⚖️ Long-Term Outlook
🟢 Bull Case: Essential retail assets, stable cash flow, high yield and a large margin of safety on asset value.
🔴 Bear Case: Hong Kong retail headwinds, falling rental rates and high interest rates could keep weighing on the price longer.
Is this 36% discount enough margin of safety for you or are you waiting for the trend to turn first? 🙄
Not financial advice. Please do your own DD.
S-REITs index is dropping like nobody business 🥲. Can it go further ?
52 weeks low is at 995.86. 😉
Anthropic, OpenAI and xAI's CEOs called for slower AI development this weekend — Trump dismissed it as a "hoax" live with Nvidia's Jensen Huang. Chip stocks crashed while cybersecurity surged as the "...
HSBC economists say one rate hike won’t be enough. They expect two more hikes before this cycle ends. The likely path is one hike in September, a pause in November ahead of the midterm elections and then another hike in December. 🫣🫣🫣
What is your opinion 🤭?
Anthropic, OpenAI and xAI's CEOs called for slower AI development this weekend — Trump dismissed it as a "hoax" live with Nvidia's Jensen Huang. Chip stocks crashed while cybersecurity surged as the "...
$CapLand Ascendas REIT(A17U.SG)
Almost all the REITs are falling, I am still holding CapLand Ascendas REITs.
Right now it trades at S$2.33, down 5.32% from my average entry price of S$2.461. The paper loss is real but the fundamentals remain solid and that is exactly why I am not selling. Never give up 😁.
Capland Ascendas offers a steady 6.47% dividend yield and backed by quality industrial, data centre assets across Singapore, Australia, UK and US. The dividend yield is better than FD and T-Bill.
I am confident that Long-term demand for logistics space and digital infrastructure is only growing stronger.
Higher interest rates are pressuring all S-REITs right now. I am looking past the short-term noise. I see deep value here and a strong portfolio that will pay off when sentiment eventually turns.
I will keep holding and accumulating on weakness. Patience pays when you understand what you own. Cheers. 🍻
$Gold.com(GOLD.US)$iShares Semiconductor ETF(SOXX.US)$AMD(AMD.US)$NVIDIA(NVDA.US)
📉 Why Chip Stocks and Gold Are Sinking Together
Semiconductor stocks and gold normally move independently. Currently, both are dropping for the same shared macro reason.
Yes. Shifting monetary policy and changing market narratives are hitting both assets at once.🫣
Here is what is driving today’s sell off.
1️⃣ AI Sentiment Shift.
Semiconductor stocks plunged after Anthropic CEO Dario Amodei called for slower progress in frontier AI capabilities. Sam Altman, Demis Hassabis and Elon Musk also backed the view.
The SOXX ETF fell 5.5 percent. Micron dropped 6.2 percent and AMD lost 6.5 percent.
2️⃣ Rate Hike Pressure.
Next, Gold fell 1.7 percent as markets priced in an 89 percent chance of a Fed rate hike this Wednesday.
Hot CPI numbers and crude oil rising above 103 dollars a barrel pushed expectations higher.
3️⃣ Fundamentals Remain Strong
Reported earnings for major chipmakers are still growing and accelerating. The drop is mostly investors reducing risk ahead of the Fed decision and upcoming earnings releases.
📊See the full picture in the infographic.
Not financial advice . Please do your own DD😁.
Bitcoin holds well as president Trump officially agrees to new bipartisan crypto Clarity Act ethics provisions.☺️
President Trump's agreement to the ethics provisions in the Digital Asset Market Clarity Act is widely viewed as a major positive catalyst for the cryptocurrency industry.☺️
Watch out for Clarity Act approval tomorrow at 2:15 p.m. Eastern Time.. BTC may rally (My personal view) .
US core CPI ran hot at +0.3% MoM (vs 0.2% expected), pushing September rate-hike odds from 69% to nearly 90% — Goldman's chief economist flipped his own call to a hike. The 10-year yield hit 4.957%, i...
🇺🇸 Fed Decision This Wednesday - What It Means for Singapore Investors
Here is the simple, clear breakdown from the infographic.
The Fed’s rate call this Wednesday (US Time) will move Singapore banks, gold and S-REITs.
If we look past the headline number the markets may have already price in a 25bp hike. The far bigger question is what the Fed signals about rates going forward ( Very important )😀.
🏦 Singapore Banks
A rate hike is not automatically bad. Higher rates can help stabilise net interest margins. Strong loan growth and fee income add extra support. DBS, OCBC, and UOB should stay relatively resilient.
🪙 Gold
Short-term headwinds remain. Higher US yields and a stronger dollar create pressure. But over the longer run, inflation, geopolitical risks, central bank buying, and fiscal concerns should keep supporting gold.
🏢 S-REITs
Higher bond yields weigh on valuations and refinancing costs. The recent pull back and selective REITs with strong balance sheets, mostly fixed-rate debt and sustainable payouts are starting to look attractive.
🎯 What I Am Watching
Ignore just the 25bp decision. Track US 10-year yields, the US Dollar and SORA because those three will tell you far more.
👉 See the full infographic for scenarios and key levels to watch Wednesday night.
Bottom line: Don’t trade the headline. Trade the shift in expectations.
Not financial advice. Please do your own DD.
I honestly do not understand why Shein got such a fast track into the Hang Seng Composite Index starting tomorrow. Feels really odd to me 😞. And Shein share price is down 25% from its IPO price of HKD 48.56 now.
Also looking ahead to the CLARITY Act, it will have a big impact on crypto pricing so I am hoping for clear, fair rules. Fingers crossed it all works out well☺️
This Wednesday night is huge! I expect the Fed to leave rates unchanged. With the US midterm elections coming up, Kevin Warsh will likely avoid moves that could upset President Trump. Let see if my guess it correct.
Let’s all pray for calm markets and low volatility! 🤣🙏
Want to tweak anything? 😄
US core CPI ran hot at +0.3% MoM (vs 0.2% expected), pushing September rate-hike odds from 69% to nearly 90% — Goldman's chief economist flipped his own call to a hike. The 10-year yield hit 4.957%, i...
$TENCENT(00700.HK)
🔷 My Tencent Hold: Long-Term Conviction Over Short-Term Fluctuations☺️
Ihave been holding Tencent since August 24, buying 100 shares at an average cost of HKD 439.7. Right now it trades at HKD 434.60, down roughly 1.16% from my entry price.
Short-term price wobbles do not worry me because I have done with my homework.
Why I Bought & Why I Hold
I invested in Tencent because I see massive long-term potential. It is an incredibly diversified, cash-rich company with deep roots across social, gaming, fintech, cloud and digital services.
WeChat alone reaches nearly every person in China . Once China’s growth engine picks up momentum again, I believe Tencent is perfectly positioned to benefit.
💡 Key Takeaway
Do your own research, then trust your analysis. Be comfortable with what you own. Short-term red numbers are just noise when you’re holding quality for the long run. 💪
Let’s go my green dragon 🐉
$MINIMAX-W(00100.HK)$Z.AI(02513.HK)
💥 Chinese AI Stocks CRASH ~25% - 4 Catalysts Behind the Meltdown!
Leading Chinese AI players Z.AI and MiniMax just had their worst week since listing. Both fell roughly 25% in a sharp, synchronized drop.
Four negative catalysts hit all at once.
1️⃣ US Geopolitical Accusations
US intelligence agencies accused both firms of large-scale model distillation from US frontier AI models. This raises serious geopolitical risks.
2️⃣ Price War Heats Up
DeepSeek launched its ultra-low-cost V4.1 Flash model below 1 cent per million tokens. A brutal price war threatens profit margins across the whole sector.
3️⃣ Big Dilution for Z.AI
Z.AI announced a ~US$5 billion capital raise via discounted shares and convertible bonds. This creates roughly 10% dilution pressure.
4️⃣ Valuation Cuts on Wall Street
Jefferies lowered Z.AI’s cloud valuation from 50x to 30x after H1 results showed widening net losses.
With combined first-half losses near HK$5.1 billion, the market is shifting fast. It is moving away from hype and now demanding real revenue, clear monetisation and sustainable margins.
What do you think about this sector re-rating? Will you start accumulating Chinese AI stock into your portfolio?
Not financial advice. Do your own DD☺️
$BTC/USD(BTCUSD.HAS)
📉 Bitcoin Weekly Update: Momentum Fades - Big Macro Week Ahead
Bitcoin is showing clear signs of momentum exhaustion after its steep climb from $62K to over $82K. Here is the full breakdown.
🔷 Technical Snapshots
🟢 Daily Chart.
Price is pulling back toward the 20-period SMA and middle Bollinger Band at $78,477.
The 14-day RSI cooled to 62.38 from overbought territory above 80. Upside momentum is fading.
🟢 4-Hour Chart.
BTC broke below both its 20-period SMA at $77,232 and lower Bollinger Band at $76,545. It now trades near $76,716.
RSI at 40.86 signals active short-term selling pressure.
🟢 Key Levels. Immediate resistance sits at $77.9K to $78.5K. Losing $76K support opens a test of the daily lower band near $75.9K and then $72K.
🌍 What Is Coming This Week
ETF Flows Slowing. Net inflows have cooled from late August, reducing steady buying pressure.
Yield Headwinds. Elevated real US Treasury yields continue to weigh on non-yielding assets like crypto.
FOMC on Wednesday. Fed rate decision and Dot Plot will set the tone for global liquidity and the US Dollar.
US Retail Sales on Wednesday. Key data that will shift Fed rate expectations.
BoE and BoJ on Thursday and Friday. A hawkish surprise from the Bank of Japan could trigger carry-trade unwinding and extra volatility.
🎯 Bottom Line
Bitcoin is going through a healthy pullback to flush out leverage. Reclaiming $78.5K on strong volume is needed to restore the bullish trend. Expect consolidation between $74K and $76K.
Trade wisely with this big macro week.
Not financial advice. Please do your own DD☺️.
$Gold.com(GOLD.US)
🏆 [Weekly] Gold Review: Tight Consolidation Ahead of Fed - Yields Keep Pressure On ✨
Gold currently trades at $4,349.42 (+0.75%), but the market is in wait-and-see mode before a huge macro week! Here’s the full picture:
📉 Technical View
• Daily Chart:
Gold is stuck in a clear bearish channel, struggling below the 20-day moving average at $4,462.87. Key support sits at $4,246.82.
RSI is 54.32, selling has slowed, but buyers aren’t yet in control.
• 4-Hour Chart:
Price is squeezed between $4,315 and $4,372.
RSI is flat at 44.25, Traders are on the sidelines and a big breakout is building.
🌍 What’s Moving Price
High bond yields after hot CPI and ECB hikes keep weighing on gold, which pays no yield.
Everything hinges on the Fed:
• Hawkish tone → gold likely drops to test $4,246 support
• Dovish surprise → sharp rally and breakout higher
🗓️ Big Events This Week (14-18 September)
Next week economic data :
• Tue: US Retail Sales
• Wed: FOMC Rate Decision + Press Conference 💥 (THE big catalyst)
• Thu: US Jobless Claims
• Fri: BOJ Rate Decision
Expect sharp volatility.
Not financial advice. Do your own DD ☺️. Happy weekend to everyone .
US August CPI: Hotter Than Expected - Will the Fed Hike? 🙄
Here is the clear breakdown of the latest inflation numbers and what they mean for interest rates:
🔥 The Big Story - Core CPI Ran Hot
• Core CPI (MoM): +0.3%, came in higher than the 0.2% forecast. This shows underlying inflation is still sticky and running faster than expected.
📈 Full Data Snapshot
• CPI (MoM): +0.4%, matched expectations, up from July’s +0.1%
• Core CPI (YoY): 2.4%, slightly cooler than July’s 2.5%
• CPI (YoY): 3.4%, unchanged from last month, still well above the Fed’s 2% target
⚖️ What This Means for the Fed’s Next Move
• Case for a Rate Hike:
Hotter than expected monthly core inflation gives hawkish members strong reason to push for a 25 bps hike or to keep rates high for longer.
• Case for a Pause: Yearly core inflation continues to cool and headline CPI matched forecasts. That supports holding steady.
🎯 Bottom Line
A rate hold is still possible but today’s hot monthly core number has significantly raised the odds of a hike next week. The Fed’s 16 September decision just got much harder! 🔔
Not financial advice. Do your DD.
ECB is putting pressure on Fed Chair Kevin Warsh by raising interest rates twice this year.
Meanwhile, the Hong Kong market continues to face selling pressure, especially AI-related stocks:
📉 Z.AI (HKG: 2513) is Down 73.83% from its peak, now at HK$267.4
📉 MiniMax Group (HKG: 0100) is Down 79.89% from its peak, now at HK$780
Is this a good time to buy? 🤔
Tonight we get the US CPI report. I expect high volatility. Gold and cryptocurrencies are likely to swing widely! Trade carefully.
Oracle fell -5.4% in Wednesday's session, dragged down by a hot US PPI print — then jumped as much as +7% after hours once its actual results landed: cloud infrastructure revenue +121%. That same PPI ...
$JD.com(JD.US)$JD-SW(09618.HK)
🚀 JD.com Unleashes “Physical AI” - The 5-Year Plan That Will Change Everything!
JD.com shares closed at HK$105.500 with a slight dip recently. But look past that short-term move and you will see a massive five-year vision taking shape.
JD is moving beyond software and right into the real world with an ambitious Physical AI acceleration plan.
🤖 Massive Automation
JD Logistics plans to deploy 3 million robots plus 1 million unmanned vehicles and 100,000 drones.
🏢 New Infrastructure
The company will build 80 RoboBase industrial bases across the country.
📱 AI-Powered Shopping
The new App Version 16.0 introduces Dongdong. This AI assistant helps with everything from product selection to arranging housekeeping services.
🩺 Smart Healthcare
JD Health has unveiled a fully intelligent medical AI agent that connects users with consultations and home testing services.
From warehouse floors to your smartphone, JD.com is going all in on a hardware-heavy AI future.
Check out the latest infographic for the full picture of this strategic shift!
Not financial advice. Do your own DD☺️.
US 30-year bond yield rises to 5.34%, highest level since June 2007.😱😱😱😱😱
Apple's iPhone Duo — its first foldable iPhone — launched at 1am SGT, priced up to a record $3,199. $Apple(AAPL.US) barely budged. Brent crude also broke $100/barrel for the first time since July, and...
