JOYY

$JOYY(JOYY.US), cash equals market cap, a very aggressive dividend plan. Even if it's a cigarette butt, it's made of gold. Bought a position last night. Hope this can set an example for the old guard of Chinese concept stocks and kick things off. The $PDD(PDD.US) lottery results are out tonight, learn something from it.

I think it is a little premature for us to conclude that inflation is not going to be a concern for Singapore as the Middle East war started on 28 Feb.

whatever the CPI, my equal weighted portfolio of banks and REITs keeps me eoughly neutral to these noises. Both happily spitting out dividends for reinvestment.

Singapore core CPI came in lower than expected, smoothing out inflation concerns. However, the lagged economic data of the Middle East conflict has yet to fully factor in, and businesses have already been increasing daily prices of goods & services. With US striking Iranian ships supposedly trying to place mines, the SG market is reacting to the news with the STI down approximately 0.8%.

Inflation subsiding might seem amazing but that also shows the impact of AI and how it might actually reduce the need to spend on services that used to be needed such as software services.

JOYY reported Q1 revenue of USD 556 million, up 12.4%. Non-GAAP operating profit up 22.5% year over year. The stock was up after hours, but the session that matters is the open tomorrow.

The level I'm watching is the resistance zone the stock has failed to clear twice in the last three months. Options implied roughly a 6% move into the print. If JOYY opens above that resistance and holds through the first hour on volume, the short squeeze setup becomes real given elevated short interest in the name.

If it fades back below that level in the first 30 minutes, this is a classic gap-and-fade into a crowded short. Watch the overall Nasdaq correlation before reading too much into any gap open. BIGO Ads up 55.6% is the headline number, but price action tells you more than the print.

CPI is at a manageable level. this iran war will end sooner or later, straits of Hormuz will open, oil price will drop, inflation will be kept in check. all will be well again, man will adjust adapt to the new norm.

MAS monitoring, data coming in soft. Nothing I can do about macro. Just stay invested and let it sort itself out 💤

Core CPI at 1.4% but my grocery bill didn't get the memo. Official inflation and real life inflation seem to live in different universes😅