Great writeup and like the format. On $NTES, would think that it’s hard to underwrite a multiple rerate in comparison to peers given current perceptions of China, potential gaming crackdowns as mentioned, and headline risk with Trump/election - hard to see any of that changing in the near future. Like the growth opportunities you outlined and would agree with AI being able to drive efficiencies as something not priced in yet
I'd be interested in seeing your take on REAL. Debt overhang possibly diminishing under new leadership and business model shift.
just a feedback, I like the format a lot (even If I don't like these specific picks)
I like the $HOOD thesis, Public Stock Invesments reached all time high in US, that will only go up..
hopefully we get a low 10s on some general market pullback :)
Great writeup and like the format. On $NTES, would think that it’s hard to underwrite a multiple rerate in comparison to peers given current perceptions of China, potential gaming crackdowns as mentioned, and headline risk with Trump/election - hard to see any of that changing in the near future. Like the growth opportunities you outlined and would agree with AI being able to drive efficiencies as something not priced in yet