Fattycat

🚀 Redefining Daily Life. Can JD.com Turn Innovation Into Profit?

JD.com has recently been rolling out big new moves. Will they actually pay off financially ?

The company is moving beyond regular e-commerce to change how we shop, eat and run our homes.

Here are three exciting new ideas from JD.com: ➡️ Redefining Modern Living Services

🤖 Smart Cooking & Nutrition - CHEFRESH

AI plans meals based on customer health and tastes. Fresh ingredients get delivered and ready to go. Then smart hardware does the cooking and seasoning automatically and it all happens at customer’s kitchen.

🏠 Immersive Home Shopping — 101HOME Shanghai

A huge 4-floor, 12,000 sqm space with over 1,000 brands and 33 fully furnished show homes. JoyAI tech helps to pick and customise customers orders. Everything gets delivered and installed based on their preferences.

🧹 Reliable Home Cleaning

JD’s own cleaning service within 3 km. Every cleaner passes 100+ skill checks. They use standard cleaning kits. Prices are clear on the app and triple insurance covers you and your home.

JD is now connecting digital smarts with real-world stores and supply chains to lift everyday living. 💡

But the big question remains: Can all these moves translate into real financial results?

For easy reading, please refer to the infographic.

This is for information only. Not financial and investment advice. Please do your own due diligence ☺️.

Source: JDcorporateblog.com

$JD-SW(09618.HK)$JD.com(JD.US)

🏢 MLT - Discounted Price, But Is It a Trap?🤔

Mapletree Logistics Trust is trading near its 52-week low. The bigger story is the gap between its valuation, income and fundamentals.

At S$1.10, MLT trades at roughly 0.80 times book value. That is well below its own five-year median of 0.98 times and suggests a meaningful discount to its net asset value (NTA).

If we compared its current P/B to the broader Singapore REIT market, the picture is less clear. MLT’s 0.80 times P/B is above the sector median of 0.69 times. Its distribution yield of 6.61 percent is nearly identical to the peer median of 6.58% ( Capland Ascendas REITs)

The main concern is distribution growth.

Full year 2026 DPU fell 9.8 percent to 7.262 cents from the prior year. Quarterly DPU has since steadied around 1.80 to 1.81 cents but it is still uncertain whether this level will hold.

Gearing is also a consideration. Gross borrowings stand at about 40.6 percent of total assets.

The P/E ratio tells another story entirely. At 22.1 times, it is above its five-year median of 17.9 times ( For reference and may not be feasible for all Reits performance measurement).

This shows the reason as to why P/B and yield metrics can send different signals when valuing REITs.

See the infographic for full valuation details, peer comparisons, financials and key risks.

Not financial or investment advice. Please do your own due diligence ☺️. Happy weekend. Cheers.

$Mapletree Log Tr(M44U.SG)

$CapLand Ascendas REIT(A17U.SG)

Ascendas Hits 52-Week Low - And I am Holding Tight!😁 NEVER GIVE UP 😆

Ascendas has touched its 52-week low at S$2.260 😮

My position is down -8.16% now from my average price of S$2.461. Honestly, I am not in fear.

No paper hands here 🙅‍♂️ I am staying fully convinced and actually looking to buy more if it keeps dipping! ( waiting for payday 😆).

Strong fundamentals, solid yield ~6.6%, and a long-term horizon - that’s what matters.

Short-term noise doesn’t change the real value. 💡

Staying the course. Who’s with me? 🤣

Fear don’t buy. Buy don’t scare 😂

$XIAOMI-W(01810.HK)

💡 Xiaomi - Deep Value, Long-Term Conviction

📖 My Context

I have been watching Xiaomi since last year. After doing my due diligence on its finances, I am confident that this is a solid company with strong fundamentals.

As of latest annual AFS FY23 -25 , Xiaomi has delivered three straight years of positive operating and free cash flow, plus annual ROE consistently above 10%.

From its peak of HKD 61.45 on 27 June 2025, the share price has dropped 58%, closing today at HKD 26.58.

📈 My Trade

I started my accumulation early March this year and now my average cost is at HKD 31.023. I believe the current price is deeply undervalued. Right now it trades at HKD 26.58, down 14.32%. I am not worried because I know that this is just short-term noise. My focus is firmly on Xiaomi’s long-term growth.

💡 My Takeaway

Buying something just because it looks cheap really tests your patience. Strong fundamentals carry you over time but timing matters too. I am not listening to anyone saying the Hong Kong market is uninvestable. I trust my own research.

Let’s go Xiaomi 🚀

🙏A Thank You - From Your Fellow Investor & Friend!😍😍

By now, I hope you all know who I am. I am just a regular retail investor and a full-time qualified accountant, sharing my journey alongside with all of you.

I want to say a big thank you for all the love and support over the weekend! 🥰

Honestly, I truly enjoyed every moment with everyone. Your questions were so unique, thoughtful and deep. I learned so much from you. Deeply appreciated. I hope my answers were helpful to you. If I did not get to reply as well as I should have, please accept my sincere apologies 🙏

Here is what I love to focus on and share :

🔹 Hang Seng Tech AI stocks

( for example : Alibaba, Tencent ,BYD , JD.com etc)- 3 to 5 times a week

🔹 Singapore blue-chip REITs

( Example: CICT, MLT, FCT, MPACT etc)

🔹 Gold and cryptocurrencies - every weekend or as and when any major news outbreaks.

Do stay tuned and keep supporting me☺️. I will keep sharing what I learn along the way 💡

And a special thank you to Longbridge Singapore for making this interview happen! 🤝

$BABA-W(09988.HK)$Z.AI(02513.HK)$MINIMAX-W(00100.HK)

🚨 🚨 Chinese AI in the Red - Probe + Allegations Shake Confidence

Chinese AI and tech stocks are under pressure as fresh worries hit the market.

The Cyberspace Administration of China has opened a probe into domestic AI developers over data security.

This comes right after Anthropic from the U.S. accused several Chinese firms of illegally using its Claude model to train their own systems.

Investors fear tighter rules could slow AI progress and push up costs. On top of that, a global AI price war is squeezing margins for pure-play AI companies.

Today’s moves:

• Zhipu (Z.AI): Down 12.40% to HKD 650.00

• Alibaba (BABA): Down 4.23% to USD 111.39

• MiniMax: Down 3.98% to HKD 275.00

Alibaba’s e-commerce business stays strong. The current drop reflects broader market sentiment.

Zhipu and MiniMax are facing real challenges now. The current regulatory limits and intense competition may affect their growth path.

Is this the start of a deeper AI pullback or buying opportunities ? Share your thoughts below.

Not financial advice. Please do your own Due diligence.

$Frasers Cpt Tr(J69U.SG)$CapLand IntCom T(C38U.SG)

💡 S-REITs: Is This the End or Just Another Rate Cycle?

Blue-chip REITs, especially neighbourhood mall ones, have been under pressure even before the latest Fed hike. Is this the end of the story?

FCT and CICT show exactly how sentiment, interest rates and valuation can pull in different directions.

Both have seen unit prices weaken over recent months, with RSI below 40.

It clearly shows the technical weakness. But their underlying businesses have not simply deteriorated.

🟢 FCT - Fundamentals Still Solid

• Occupancy stays very high at 99.8%

• Rental reversions positive at 6.5%

• 1H FY26 DPU growth of 1.4%

• Price around S$2.10, below latest NAV of S$2.19

• Indicative annualised yield around 5.8%

🟢 CICT - Stronger Growth

• Revenue up 7.5%, NPI up 8.7%, DPU up 7.1%

• Gearing lower at 37.4%

• Price around S$2.24, slightly above NAV of S$2.15

• Indicative annualised yield around 5.4%

📊 The Real Challenge -Macro Environment

The Fed raised rates to 3.75%–4.00% and Singapore’s 10-year government bond yield remains around 2.4%. Higher bond yields can keep pressure on REIT valuations.

So is this the end of REITs or simply another valuation and rate cycle?

Refer to the infographic for the full valuation, fundamentals and technical picture of FCT and CICT

$TENCENT(00700.HK)

🚀 Riding the Tencent Wave - Conviction Paying Off!

I am holding Tencent is my firm conviction. I truly believe the upcoming Xi–Trump meeting will bring positive developments that benefit the company. 💪

My average price is HKD 439.70. Right now at HKD 453.2, up +3.06%😁

A great company at a great price does not come around often. It is truly once in a blue moon. I am not selling. I am holding steady and riding this green wave all the way! 🌊

$BTC/USD(BTCUSD.HAS)

🚀 Why Bitcoin Just Surged Past $84,000?

A perfect mix of market forces, institutional money and clearer macro conditions is driving this rally.

Here is the main reasons :

🔥 Short Squeeze in Action

Breaking above $78K and $80K triggered a massive squeeze, over $300 million in short positions wiped out in just one hour on Sep 21.

🏛️ Regulatory Path Clears

U.S. agencies are moving forward. The SEC’s 5-year exemption for tokenized stocks and new CFTC rules give institutions the compliance certainty they needed.

📉 Fed News Was Already Priced In

The 25 bps hike on Sep 16 was fully expected. Once the news was out, uncertainty faded. Bitcoin held firm at $75K and bounced hard.

🏦 Institutions Step Back I

After pre-Fed outflows, buyers returned ,driving $160 million in net ETF inflows in one single day.

Spot ETF buying, short covering, and calmer macro conditions are pushing BTC into new territory. Are you bullish on this move?

Not financial advice. Please do your own DD.

$PING AN(02318.HK)

💪 Still Proudly Holding Ping An - My Conviction Grows Stronger!😁

Back on Sep 8, I shared why I hold 1,000 Ping An shares at an average cost of HKD 56.65. Today it is trading at HKD 53.3. I have no regret and my conviction is even stronger.

The main reasons are as follows :

✅ Double milestone still stands

36.1% profit growth + A+ ESG rating, top 10% among financials globally

✅ Deep value valuation

P/E only 5.25 vs industry 8.89. P/S just 0.69 vs 1.00. Both trade well below historical averages

✅ Cash flow surging quarter on quarter

Q2 2026 operating cash flow hit HKD 273.5B, up 84.06% QTQ 2026😍

That follows a strong recovery from Q1 2026’s 148.59B.😍

Price is slightly below my average but fundamentals keep improving.

I am not worried because I know that this is the best kind of opportunity to accumulate more if it drop further.

Great companies deserve patience and I am proudly holding for the long haul! 🚀😘😘