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Buyback momentum continues, director acquisitions broaden

For the five sessions till the Jun 11 close, 26 primary-listed companies conducted buybacks with a total consideration of S$170 million. Singtel : Z74 +0.47% again led the buyback tally, with 27.1 million shares at an average price of S$4.26, all purchased under the S$2 billion value realisation share buy-back programme.

With a similar pace to the previous week, around 90 director interests and substantial shareholdings were filed across more than 40 primary-listed stocks over the five sessions. Directors or CEOs reported 28 acquisitions and seven disposals, while substantial shareholders recorded seven purchases and two disposals.
https://www.businesstimes.com.sg/companies-markets/buyback-momentum-continues-director-acquisitions-broaden?utm_source=web_share&utm_medium=referral&utm_campaign=article
What happened in China this week:

1. China's AI and tech stocks followed their US counterparts down. The feverish rally has some investors starting to ask whether we have gotten ahead of ourselves.

2. Alibaba's reported US$1.5 billion bid for grocery platform Pupu, well above what Sun Art Retail offered, sparked fresh fears that Alibaba isn't backing down from throwing money at the battle against JD.com and Meituan.

3. Officials summoned Alibaba, JD.com, Pinduoduo, Douyin and RedNote over their marketing practices, underscoring Beijing's concern about runaway subsidy wars.

4. Alibaba has been all over the headlines this week. On top of the ecommerce brawl, it was also among the new names added to the US Pentagon blacklist.

5. No surprise then that Alibaba stock fell 7% this week.

6. On the AI front, Tencent is turning up the pressure. It just raised US$4.6 billion through its largest bond sale in six years to fund a ramp-up in AI capital expenditure. Demand was overwhelming, more than double what Tencent was looking to raise.

7. And it wasn't just Tencent. The Chinese government has also been selling RMB bonds in Hong Kong to strong demand. The latest was a 15 billion yuan sale, the third such issuance this year.

8. On the IPO front, HQVT Tech is listing. It started as a hardware company, built its own multispectral AI large model, and that software business has since become the biggest and highest-margin part of the whole operation.

For more insights, read [Premium]: https://growthdragons.substack.com/p/growth-dragons-weekly-china-tech
Step outside right now. Feel that heat? The palm oil market is feeling it too.

CPO futures are at RM4,400 to RM4,530 — and El Niño conditions haven't even fully arrived yet. When they do, upstream producers with young trees and low costs will capture almost every additional ringgit of price movement straight to their bottom line.

We went through 6 palm oil stocks across Bursa and SGX to find out which ones actually benefit.

https://drwealth.com/hot-weather-hotter-margins-6-palm-oil-stocks-through-the-el-nino-lens/
Forwarded from Dr Wealth
14 China AI Champions That Gained More Than 100% In a Year

Most investors know Nvidia and Micron. Fewer know that China has its own AI champions that are global leaders, especially in photonics and PCBs.

Also, AI stocks are pulling back too, so better entry points may eventually emerge.

Read more [Premium]: https://growthdragons.substack.com/p/14-china-ai-champions-that-gained