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101695166 Private ID: 101695166
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    $Creative(C76.SG)$ Applaud the appt of Mr Yeo to the board. Hopefully he adds new vigor to the direction of the diseased company. I am critical to the way the company chartered it’s course (probably thanks to the board, management or CEO now deflated poster child of yesteryear-still reminiscing of its glory past). A laser focused strategy on the sound market is fine, but if it takes 10 years and adopt a Steve Job’s style of mincing the product development just to come out with a x-fi with ML features( which seems like a late- development me-too but lack the comparable usability factors), it would be too harsh for its stakeholders to stomach. The outcome is likely worse than the like of Fitbit with headwinds coming from Apple, Xiaomi, etc from all directions. If luck does come(like Fitbit), one can get a buyer like Google at bin valuation. What it should have done is to leverage on its core competencies and IP to expand laterally into different segments and inroads into big focused markets or leverage on emerging space. An example is Garmin - reinventing itself from GPS and profitable. Something needs to be done to reinvigorate the brand and product line. If not, it cannot even attract new blood to join the company for continuity not to mention natural attrition. And maybe it is time to shake up the board and management … If not just sell the company, if the price is right( for the investors)
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    $Futu Holdings Ltd(FUTU.US)$the way People’s Daily uses the opinion section in its publication as a way of altering the behaviour of companies that she feels differ from their idealistic state is akin to direct market influence in a obliqued underhand way. I believe the publication knows it is the mouth piece of government and its influential position. Instead of using a direct approach of meetings and dialogues, it chose to use an opinion writing to voice its wants. How unorthodox a way of working? From the perspective of investment or trading of Chinese companies, it becomes a bit too difficult for foreign small investors to sniff out the happenings and thinking of Chinese authorities, even if their businesses are more than 50% outside China. What Futu should do is to dedicate its effort to provide differentiating info and knowledge to navigate the minefield of Chinese listed overseas. Otherwise it would be better to steer clear of them. Perhaps it would be better for these Chinese companies to list in just the China Stock Exchanges. At least if we want to touch them, we will choose our risk tolerance and attune our mindset to follow the market exuberance behaviour of the Chinese market participants accordingly. Just a lame lament and opinion to vent my disbelief.
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