$LUFAX(06623.HK$ It is a normal thing, but there are a bunch of Form 144s filed with the SEC on cashless stock option exercises. It is a normal thing to do and probably the smart thing to do. They probably exercised to get the dividend but still, I always wish option holders would pay the cost of taxes out-of-pocket. Then again, I'll complain about everything that doesn't go exactly the way I want it to go.
$WING ON CO(00289.HK$ Not a bad dividend. Don't recall how much of it was taken in fees from brokerage firm and withholding tax last time but I remember thinking I should sell if it was going to be that high all the time. The withholding tax I expected and understood, but not the fees.
$Lufax(LU.US$ Paying HK$933 million for the bank. Long term I guess it makes some sense. Economically they are a bank at this point in time with the depositors being their financial partners.
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$LUFAX(06623.HK$ $Lufax(LU.US$ Did anyone understand their guidance? I understood that new loans are performing to expectations and am glad that they cut back on new loans. I understood that they expect to go to insuring all of the loans and I think, but ultimately do not know, that this is a good idea. I understand that loan provisions will go up as they move to guarantee loans.
What I do not know is how servicing income is going to move in future quarters (it has ...
What I do not know is how servicing income is going to move in future quarters (it has ...
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$WeWork(WE.US$ Proxy filed yesterday contains an authorization for the BOD to allow for a reverse stock split. That might explain the weakness today but then again, if the bond restructuring doesn't go through I don't think I'd hold at 48 cents a share.
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$BABA-SW(09988.HK$ In the US when a company splits up it is usually tax-free but not always. It can take a long time to do the split especially if the company requests a ruling from the tax authorities that it qualifies as tax-free. Any Chinese accountants out there who care to opine on the time it takes to do a spin-off in China? Now that I think about it, given the VIE structure, it might just be changing a few contracts.
Anyway, I have no idea how it will work and it bothers me...
Anyway, I have no idea how it will work and it bothers me...
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$ALI PICTURES(01060.HK$ Expect there is a good chance PRC companies will begin to trade at values similar to Japanese shares but I bought more shares tonight. Famous (or really not so famous) last words.
$Mazda Motor (ADR)(MZDAY.US$ Know sales are declining right now but the weaker Yen should translate into lower costs in the months to come relative to manufacturers in the US. Of course the plant in Russia will probably have to be written off but fortunately it isn't a big plant and just does assembly.
$FinVolution(FINV.US$ $Lufax(LU.US$ $LexinFintech(LX.US$ $Qifu Technology(QFIN.US$
https://www.wsj.com/articles/chinas-internet-lenders-feel-pain-of-economic-slowdown-11663925403?mod=lead_feature_below_a_pos1
Doesn't really say anything that anyone following these companies doesn't already know.
China’s internet-lending companies face rising credit costs and a tougher environment for new loans due to the country’s slowing economy.
Shares of U.S.-listed Ltd., Inc....
https://www.wsj.com/articles/chinas-internet-lenders-feel-pain-of-economic-slowdown-11663925403?mod=lead_feature_below_a_pos1
Doesn't really say anything that anyone following these companies doesn't already know.
China’s internet-lending companies face rising credit costs and a tougher environment for new loans due to the country’s slowing economy.
Shares of U.S.-listed Ltd., Inc....
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