How many multiple of 5 years do you have ?Assume one is really smart and lucky and has some capital and starts investing at age 25.
Then , we are looking at multiples of 6 times (ie. 8 x 5 years = 40 years). He would have reach age 65 by then and perhaps pare down on his investment and move to lower risk products.
If one invested in 9988 5 years ago, what would his paltry returns be ? Sad to say, he would be in a loss position. So much hype has been said and so much coverage on a daily/weekly basis on this tech giant and of course we know so much stories about the founder, Jack Ma and his vision.
End of day, does it translate to a good returns for the investor ? If not, no matter how beautiful the story is, it remains as an illusion. Comparatively, take any of the magnificent 7 stocks and you would be handsomely rewarded. Could this be one of the reasons why the stock market remains tepid and despite years of its undervalued story, it failed to pick up and accelerate ?
Or is the Chinese government who runs the macro economic policies deter the institutional and retail investors from becoming more forthcoming ? There are many sectors that had fallen from its grace - Tuition centres, property market, solar panel, etc.
No wonder one follower said the Chinese market is more like a casino, suitable for betting than investing.
Of course, nobody knows the future and we have to wait for multiple of 5 years down the road to see how this chart will evolve. Hopefully, the current investors will stay onboard and ride the wave than to consider liquidate their holdings. After all, the company is still raking in good revenue, profitability and an important tech company in China!
Please DYODD Will Tencent become magnificent when it acquires Manus ?For those who had been following the news of Manus , you may be delighted to know that local tech giant , Tencent has proposed the same acquisition value, US$2billion to take over Manus as its largest shareholder.
Take a step back and think - if the founders of Manus wanted to be BIG in China, it could have easily approach these big guys, Tencent, Alibaba for funding but instead it chose a different path. Perhaps, its timing was key and the China government is unhappy about the US tech company acquiring the Chinese tech expertise, talent, so to speak. Kind of a tit-for tat imo.
Short term, I doubt the share price will rock the Hong Kong market but mid to longer term, this could be a potential IPO listing for Manus as Tencent being its incubator.
We are still early days at the acquisition stage as nothing much is announced , I suspect the like of Baidu, maybe Meituan might come in to take a slice of this AI market rather than let Tencent dominate it !
I am accumulating slowly in tranches and also spreading to other non tech companies as diversification strategy!
Please DYODD 
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Don't expect price to shoot up the moment you purchased !We often watch movies depicting the professional killers as cold blooded, professional and devoid of emotions. That's why they are so good at their job!
Ok, not the best analogy but you get my idea when applied to the world of investing ! We somehow feel better/happier/hopeful/at peace when the moment we bought a share of the company, ETF , forex currency ,etc and expect it to move to the directions we want within the next 24 hours (better if IMMEDIATE, haha).
That , however is not how the world of investing works. In the short term, the stock can move in irrationally and that gives the investor an opportunity to buy in cheap and allow compounding to work its magic over time. One is best to buy and forget instead of staring at the chart every day and gives yourself heart palpitations and stressful nights !
For example, we can see that the price in Tencent is still on a downtrend channel and so long the price is not moving out of it and goes sideway before breaking out, there is still a chance for it to heads south towards the next support level at 363.20.
That would be appetising as if it falls to that level and rebound (possibly), then we would have a triple bottom formation. And yes, sending all the gains in 2025 back to naught which can be devastating for some when they see their shares turning from green to red.
Everyone would be a millionaire or multi-millionaire had we all took all our savings and bet BIG on any of the 7 magnificent stocks in US but my guess is we probably dabbled in some of them and regretted not betting MORE in it.
Same here, if you pull back the chart and calculate for yourself had you invested in this company 10 years ago, 2015 , your returns are also pretty amazing as well.
So let's be patient and let time do what it needs to do and we as investors continue to hunt down the good quality companies that generate consistent returns YOY and have a decent economic moat ,etc.
As usual, please DYODD
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ZhongAn Online P&C Insurance – Falling Knife or Opportunity?At first glance, the chart doesn't look attractive. The stock remains in a clear downtrend and price continues to drift lower. However, what catches my attention is where the price is currently trading.
The stock has entered a major demand/accumulation zone that has repeatedly acted as support over the last few years. Sellers are still in control in the short term, but the risk/reward profile is becoming increasingly attractive.
From a valuation perspective, ZhongAn looks exceptionally cheap:
Price/Sales: 0.43
Price/Cash Flow (TTM): 4.59
Even by Chinese market standards, these multiples appear extremely compressed. The market is pricing the company as if growth has permanently disappeared, yet the business fundamentals tell a different story.
What does ZhongAn do?
ZhongAn is China's first fully digital insurance company. Founded by major technology and financial players including Alibaba, Tencent and Ping An, the company focuses on:
Digital property & casualty insurance
Health insurance
Consumer finance insurance
Embedded insurance products integrated into online ecosystems
AI-driven underwriting and claims processing
Unlike traditional insurers, ZhongAn was built as a technology-first insurer from day one.
Why I'm interested
What stands out is that the company continues to show operational progress:
Revenue has generally trended higher over time.
Technology-driven insurance penetration continues to expand.
The company has steadily improved efficiency through AI and automation.
Quarterly reports consistently show a business that is growing and evolving rather than shrinking.
The market appears to be heavily discounting Chinese equities as a whole, but ZhongAn's valuation suggests investors are pricing in an extremely pessimistic scenario.
Technical Picture
Long-term trend: bearish.
Momentum remains weak.
RSI is near oversold territory.
Price is testing a historical accumulation zone.
I am not calling a bottom. The stock can absolutely continue lower. However, when a company with improving fundamentals trades at less than half of annual sales and around 4.6x cash flow, while sitting inside a multi-year demand zone, it deserves attention.
For me, this is not a momentum trade.
This is a deep-value accumulation candidate where the downside is increasingly reflected in the price, while the upside depends on the market eventually recognizing the gap between valuation and business performance.
The trend is still down. The valuation is screaming cheap. That's exactly why ZhongAn is on my watchlist. 
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$1038 (CK Infrastructure Holdings) , Idea1038 HK - Monthly : Four Paths, One Decision Zone
After years of volatility, compression, and failed expansion attempts, price is once again approaching a critical structural area.
The market is now sitting at a point where acceptance or rejection will define the next multi-year cycle.
Four scenarios are mapped.
Scenario 1a: Price retraces moderately into the reaction zone, holds structure, and launches into a sustained bullish expansion toward the upper macro target. Healthy reset. Constructive continuation.
Scenario 1b: A deeper consolidation phase develops before the breakout sequence begins. More time. More frustration. Same bullish objective.
Scenario 2a: Resistance rejects price aggressively, forcing a larger corrective move into macro demand before buyers reclaim control. Painful reset, but structurally recoverable.
Scenario 2b: The bearish extension. Price fails to hold support, revisits the deepest demand zone, and delays any meaningful expansion cycle for years.
All four scenarios originate from the same reality:
the market is testing a major decision area.
This is where positioning matters more than prediction.
Monthly structures do not care about short-term narratives.
They care about liquidity, acceptance, and macro participation.
EQC tracks the reaction.
The market decides the path.
Hidden in plain sight. EQC.
Follow, Boost, Thank You!
Warning: Financial Disclaimer: This post is not financial advice. I am not your financial advisor, your HKEX insider, or your emotional support during macro drawdowns. Always do your own research and never trade solely based on arrows and internet conviction.
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You can have best of both worldTencent Holdings own many things , amongst the most popular is WeChat, the main communication channel in China. It also owns mobile payment gateway like WeChat Pay , facilitating many local Chinese who travels out of China to convert their currencies easily, a one stop place.
Of course, no serious gamers will not know the likes of Riot Games, Epic, etc developed by Tencents.
However, when we pinpoint a common start off date, say 2022 till now, the returns of Tencents is just half of what Meta has achieved.
So, it pays to own both great companies and their heavy involvement in AI will pave the way forward to more mergers and acquisitions.
Recently, both companies have fell quite a bit in their share price, which is a great opportunity to accumulate more shares !
As usual, please DYODD Long 
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