Alhamdulillah. YB Fuziah (Kak Gee) who attended the PH - Minister Tengku Datuk Seri Utama Zafrul meeting today, informed me that MOF is keen to produce a Gender Responsive Budget (GRB) with Environmental, Social and Governance (ESG) elements for the upcoming budget. If truly realised, it would be a positive step towards addressing gender equality, and future proofing Malaysia. She also informed me that Minister DS Tengku Zafrul showed interests in MPI as a tool.
KEADILAN MPs have been working hard on these matters as part of our pre-budget preparations led by Wong Chen.
Thank you very much for the stellar work done, Ale, Wong Chen’s officer - for collating all the written suggestions and recommendations over the many pre-councils between KEADILAN MPs.
Having completed our MPI survey, led by Professor Fatimah Kari & her team, local enumerators and our ground office - culminating in a finalised report on measuring the different dimensions of poverty (six conventional & 3 COVID-19 related) in Permatang Pauh, -it brings me pleasure to have my colleagues champion a more progressive and future proof measurement of poverty & its alleviation in the upcoming Budget and 12th Malaysia Plan.
Our office finalised a few recommendations to the MOF - specifically seeking an MPI centred approach to poverty eradication; and adoption of gender responsive measures in the dispensing of our national budget. The findings through our MPI survey confirmed that women headed households are in deeper financial crisis in comparison to conventional households - with a concerning intergenerational lack of social and educational mobility and increased food poverty amongst children.
As such - our national budget must be responsive to gender - a principle that carries through to the point of implementation. Since MOF limited reps to three from each party; I urged that YB Fuziah be included together with Wong Chen and our SecGen. Kak Gee (YB Fuziah) has been a long time advocate of gender responsive budgeting and together — the three of them also stressed the need for Malaysia to achieve the SDGs - specifically the 5th, in tandem with a more realistic measurement of poverty.
As for me; the task of briefing Minister Dato’ Seri Mustapa Mohamed on our completed MPI survey & our discussion on the key highlights to be raised during our 12th Malaysia Plan RTM session tomorrow night gave me some hope - of a new dawn in poverty eradication - if not necessarily, new politics 😅 Cautiously optimistic, bak kata Uncle Wong Chen.
Much to do - waver, we mustn’t.
Please note we are planning the launch of our MPI report. Join us as the date nears #Parlimen!
同時也有6部Youtube影片,追蹤數超過75萬的網紅志祺七七 X 圖文不符,也在其Youtube影片中提到,這支影片是黃標嗎?#對這支影片是黃標 如果你覺得它不應該被黃標 歡迎留言 #ItDeservesGreenMark #這應該綠標 和我們一起協助 YouTube 建立一個更完善、更精準的AI判別系統! ✔︎ 成為七七會員(幫助我們繼續日更,並享有會員專屬福利):https://bit.ly/3e...
「on financial report」的推薦目錄:
- 關於on financial report 在 Facebook 的最佳解答
- 關於on financial report 在 貓的成長美股異想世界 Facebook 的最佳解答
- 關於on financial report 在 貓的成長美股異想世界 Facebook 的精選貼文
- 關於on financial report 在 志祺七七 X 圖文不符 Youtube 的精選貼文
- 關於on financial report 在 Campus TV, HKUSU 香港大學學生會校園電視 Youtube 的精選貼文
- 關於on financial report 在 Campus TV, HKUSU 香港大學學生會校園電視 Youtube 的最讚貼文
- 關於on financial report 在 What is Financial Reporting? Definition & Importance - YouTube 的評價
on financial report 在 貓的成長美股異想世界 Facebook 的最佳解答
🌻Docusign(DOCU), Crowdstrike(CRWD)財報結果
上週這兩家公司發表財報了.
這兩天看了一下他們的財報結果. Again, 兩家的表現都很好, 但發現分析師給DOCU的調價(往上)幅度比較多, 就好奇研究了一下SaaS公司是怎麼被估值的. 有興趣的話可以看看(從中學習到很多. 非常推薦一讀):
https://makingsenseofusastocks.blogspot.com/2021/09/blog-post.html
(By the way, 分析師對CRWD的價格調幅沒那麼大, 主因是成長趨緩了. 而DOCU的free cash flow佔營收比, 以及顧客黏著力在這季創了新高, 是讓分析師按讚的幾個原因).
關於CRWD: "The Street is already modeling revenue growth deceleration in 2022 to 36%, down from 60% expected in 2021, which on its own might prove a hurdle for a stock already trading at a high multiple," said Bank of America analyst Tal Liani in a report.
分析師對於DOCU的評價:
• 11位buy; 給的價格分別是: $310, $320 (x2), $330 (x2), $340 (x2), $345, $350, $350, $389
• 給Buy的分析師的評語:
o Baird: The analyst continues to view them as a best in class way to play digital transformation trends with strong growth, cash flow and profitability, and a strong competitive position. Power said DocuSign remains one of his top long-term compounding growth ideas.
o Citi: While slightly shy of the double-digit billings beat in recent quarters, DocuSign still delivered a solid 8% beat to Q2 billings, which grew 47% year-over-year, Radke tells investors in a research note.
o Evercore ISI: he calls "another strong quarter." While some may have wanted to see more aggressive Q3 billings guidance, he believes estimates "continue to leave room for upside," Materne said.
o JMP Securities: While revenue growth decelerated to 50% from 58% in Q1, the company is the clear leader in electronic signature and the broader system of agreement having crossed over 1M customers with a $2B run rate this quarter, the analyst tells investors in a research note, adding that he sees lots of room for growth as DocuSign targets a $50B total addressable market.
o Needham: The analyst commented, "Docusign reported another strong quarter in 2QF22 with typical DOCU upside to revenue and profitability. Sales metrics and growth decelerated Q/Q, as we expected against a massive pandemic quarter, but at a much slower rate than we believe much of the Street was anticipating. 65k net new customers was lower than the 70k - 90 range of CY20 but was still more than 2x greater than any pre-pandemic quarter, highlighting a strong end-market driving 47% billings growth against a strong comp. Commentary on incremental Agreement Cloud demand was positive, suggesting an additional growth tailwind combined with solid international can further aid 2HF22. Although DOCU shares could be lower near-term due to weak 2H OpMg guidance, we think this guidance is conservative, as the recent OM was greater than the pre-pandemic level even with tough comps."
o RBC Capital: The quarter highlighted the sustainability of the company's tailwinds post-pandemic as most of its underlying metrics such as billings and net revenue retention were solid, the analyst tells investors in a research note, adding that the traction with CLM and Notary was also "impressive".
分析師對於CRWD的評價:
• 12位buy; 給的價格分別是: $300, $310 (x2), $313, $315 (x2) , $305, $320, $325, $330 (x2), $340
• 1位給hold: $280 (from $220 by J.P. Morgan(same))
• 給Buy的分析師的評語:
o Baird: The analyst believes the company has significant room for growth with core modules, opportunities with Humio and in cloud workload security, among others, should help drive a continuation of strong growth over a long time horizon.
o BTIG: The company's "strong" Q2 results "cleared every hurdle", even though the buy-side benchmarks may have been slightly higher, the analyst tells investors in a research note. Powell adds that Crowdstrike is clearly gaining share in its core endpoint security target market at a rapid pace and gaining traction with new products across multiple categories.
o Canaccord: The analyst said the stock is down from its recent highs, and he thinks the re-rating creates a more favorable entry point for longer-oriented investors for a foundational security name. He views Crowdstrike as a long-term secular winner in security due to its native cloud platform advantage versus closely held peers in endpoint security combined with platform expansion into tangential segments to capture greater share of security budgets.
o Goldman Sachs: CrowdStrike last night delivered "another beat and raise quarter as the company benefited from another quarter of elevated demand," Essex said. But it traded lower following net new annual recurring revenue growth guidance that was slightly less than investors had hoped for. Essex, nonetheless, said the quarter demonstrated CrowdStrike's "ability to continue to go down market efficiently."
o JMP Securities: The analyst notes the company's Q2 annualized recurring revenue of $1.34B topping his estimate of $1.30B, with "sustained" 70% ARR and revenue growth along with margin upside seen as key highlights for the quarter. Suppiger adds that the metrics reflect Crowdstrike's "strong execution and robust demand environment".
o Mizuho: "very good" fiscal Q2 results. The annual recurring revenue growth of 70% year-over-year "was strong and still nicely surpassed" the Street's 65%-66% estimate, Moskowitz tells investors in a research note. He believes "strong execution can propel" Crowdstrike's stock higher.
o Piper Sandler: The company's metrics "outperformed across the board" in Q2 with 70% annual recurring revenue and revenue growth and record net new customer adds in the quarter, Owens tells investors in a research note.
o RBC Capital: Hedberg adds that CrowdStrike's record pipeline entering Q3 should continue to fuel the company's "land-and-expand" momentum.
o Stifel: Q2 results that he said "exceeded consensus estimates across all major financial metrics." He continues to believe that Crowdstrike's growth opportunity "remains in the early days" despite the company's scale given continued share capture within its core endpoint security market and incremental module adoption on the Falcon Platform, Reback tells investors.
o UBS: the company reported "pretty good" Q2 results against high expectations.
🌻趨勢: 跨境電商 Cross-border commerce
Morgan Stanley:
From our perspective, we think many are underestimating what the cross-border eCommerce demand could ultimately be, once key friction points like FX rates, tax and duties, shipping, language, etc are smoothed—all issues that Global-E directly addresses.
Cross-border ecommerce brings new, high-yield volume: We think elevated levels of cross-border ecommerce (ex-travel) is a structural shift thathas yet to be fully contemplated in MA (and V)'s long-term forecasts. MA's cross-border CNP ex-travel volume was 69% above 2019's level in 2Q and 63% higher in 1Q. Strength reflects both broader ecommerce adoption plus globalization of commerce, as marketplaces and services that reduce cross-border friction (such as those from GLBE) make international online ordering more readily adopted. Early data at V suggests greater cross-border ecommerce spend is persisting even in areas with pre-pandemic levels of international travel. Cross-border transactions also come at a higher yield, making us more optimistic that the trend can bring incremental long-term growth to the networks.
產業的潮流是有連貫性的. 疫情讓電商更發達後, 接下來應該就是加速電商跨境了. 跨境的話, 有很多問題需要解決(稅率, 語言, etc.) 這就需要有公司來做整合的動作. 這種跨境, 也可以想像是omnichannel的一種呈現.
Harley Finkelstein (President of Shopify): "I mean I think commerce in 2021 is cross-border."
🌻SPAC熱潮退卻,初創市值蒸發750億美元
"SPAC熱潮已經退卻。分析顯示,在2月中旬以前完成合併的137家SPAC的總市值已經蒸發25%,市值回落幅度上個月一度超過1,000億美元。"
"像貝萊德(BlackRock Inc., BLK)和富達投資(Fidelity Investments Inc.)這類企業管理的基金,以及許多對沖基金、養老金管理公司和其他一些投資者,都在SPAC的回落中遭受了衝擊,他們在去年年底開始的熱潮中競相投資SPAC。其中許多基金由於在價格還很低的時候就早早入場,所以現在仍坐擁可觀收益。事實上,SPAC市值仍有約2,500億美元,高於一年前的約1,000億美元,反映出這期間股價上漲和新公司上市的影響。
但即便如此,今年年初令人炫目的回報還是讓許多後來者做了接盤俠,扎堆投資所謂穩賺不賠的領域,其永恆的風險可見一斑。在過去的幾個月裡,一些投資者眼睜睜看著帳面財富縮水。"
"股價下跌會在SPAC領域形成惡性循環,因為投資者有權在併購交易前從空白支票公司撤資。一旦SPAC跌破發行價,投資者就更有可能這樣做,而許多SPAC的股價現在正處於這樣的水平。目前,在尚未宣布併購交易的空白支票公司中,超過95%的公司股價低於發行價。
投資者的大規模撤資會讓已經上市的空白支票公司手上的現金大幅減少,讓其更難實現業務目標,並可能加劇股價跌勢。"
https://on.wsj.com/3n6JznC
🌻BNPL (buy now pay later)
But most BNPL providers including Affirm, Klarna and Afterpay have been losing money despite breakneck revenue growth as they invest heavily in marketing to win share. Sweden-based Klarna’s credit losses more than doubled in the second quarter. Affirm has projected adjusted operating losses of $50m-$55m for the fiscal year that ended June 30.
The path to profitability for many of these companies was to achieve massive scale, analysts said.
https://www.ft.com/content/ca201a37-a16d-4223-b123-04d38350a972
Pictures: 一葉知秋; from EarningsWhispers
on financial report 在 貓的成長美股異想世界 Facebook 的精選貼文
🌻上周六的估值會議影片, 已經將part 1上傳至YouTube. 股友分享的case study之後會再分享:
https://www.youtube.com/watch?v=qvSFMAKkOo8
謝謝參與的股友們!
🌻整理了一下最近的一些市場狀態(from WSJ):
1. S&P 500很安靜; 從去年10月後, 就沒有超過5%的修正.
(上次SPY那麼安靜, 是在2017時(那時候的安靜期也比現在長), 接下來在2018就有一個劇烈的修正).
2. Russell 2000盤整了一段時間
-->有可能是之前漲多了(或是投資人在觀望經濟前景?); 財報好的話, 或許能繼續推升(the outsize earnings growth by small-caps is expected to continue throughout the year, with Russell 2000 profits projected to more than quadruple (四倍) from a year earlier in the third quarter, while S&P 500 earnings rise above 25%).
The Russell 2000 traded at the end of June at 17.7 times its projected earnings over the next 12 months, compared with 21.5 times for the Russell 1000 large-cap index, according to BofA Global Research.
Analysts at RBC Capital Markets said in a recent research report that small-cap stocks have tended to outperform large-caps when economic growth is above its long-term average. That is expected to be the case this year and next, but potentially not in 2023, they wrote.
“Small-caps being more sensitive to economic acceleration, as that slows down, I think the relative attractiveness of small-caps will subside a little bit,” said David Joy, chief market strategist at Ameriprise Financial Inc.
https://www.wsj.com/articles/small-stocks-look-to-extend-winning-streak-11625650200
3. TINA(there is no alternative to stocks)
因為低利率以及紓困案, 資金充裕, 跑到股市, 但因投資人對經濟前景的不確定性(可能也加上散戶投資人資金充沛), 導致類股輪動劇烈(sharp & swift), 也導致成長股與價值股的正相關性變低(近期兩者是同時在漲)(“You’ve got lots of volatility within the market buy not a lot of volatility of the market.”)
4. 而上周的Fed會議紀錄, 也顯示出官員們開始debate何時要做資金退場的動作.
Fed的動作, 以及接下來的財報季, 會給投資人一個方向. 也要注意labor market(“It hasn’t made enough progress” for the Fed to pull back on stimulus programs”).
5. 目前的一些問題: Delta variant, labor shortage, bottleneck(供應鏈), etc.
🌻Q3的財報季要開始了. 本周由銀行股打頭陣. 附上本周發表公司財報一覽表.
🌻有不少年輕世代, 會利用交友軟體, 來找普通朋友, 不是用軟體來找對象.
In a recent survey of more than 300 members of Generation Z aged 16 to 24 in the U.S., 35% said they have used dating apps to make platonic friends over the past 12 months, according to OnePulse, a consumer insight app and web portal, which conducted the poll for The Wall Street Journal. Nearly 27% said they used dating apps to make friends because they were lonely in lockdown. More women than men—39% vs. 29%—said they used dating apps to make platonic friends.
Looking for a Friend Without Benefits? Try Match, Bumble and Tinder.
https://www.wsj.com/articles/looking-for-a-friend-without-benefits-try-match-bumble-and-tinder-11625675336
Picture: Feeling agitated. 被關了一年多, 其實最想去的地方之一, 是美術館, 或是博物館. 在YouTube上看影片的感覺, 就是跟現場親臨不一樣. Anyway. 從今天開始, 我會把之前從museums拍到的一些照片在這邊分享. 也算是做個回憶. 下面這張是Washington D.C.的National Art Gallery所珍藏的Magnolia: https://www.nga.gov/collection/art-object-page.93464.html
on financial report 在 志祺七七 X 圖文不符 Youtube 的精選貼文
這支影片是黃標嗎?#對這支影片是黃標
如果你覺得它不應該被黃標
歡迎留言 #ItDeservesGreenMark #這應該綠標
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#Pornhub #Visa #Mastercard
各節重點:
00:00 前導
01:00 紐約時報的報導
02:23 Pornhub的問題在哪?
03:54 紐時建議的解決方案是?
05:17 Visa與Mastercard的行動
06:25 Pornhub的新措施
08:08 推出措施後的輿論反應是?
09:38 我們的觀點
11:23 提問
【 製作團隊 】
|企劃:冰鱸
|腳本:冰鱸
|編輯:土龍
|剪輯後製:Pookie
|剪輯助理:歆雅
|演出:志祺
——
【 本集參考資料 】
→The Children of Pornhub:https://nyti.ms/2WelAV9
→Pornhub - Our Commitment to Trust and Safety:https://bit.ly/3mgGE85
→Visa 推特貼文:https://bit.ly/3nmMJB1
→Pornhub limits uploads and disables downloads after New York Times exposé:https://bit.ly/2IOvMAr
→Visa and Mastercard to Investigate Financial Ties to Pornhub:https://nyti.ms/3mf98yU
→Pornhub Upended the Porn Industry. Now New Changes Could Destroy Sex Workers’ Livelihoods:https://bit.ly/3qUGzdE
→Visa and Mastercard Will Stop Processing Payments to Pornhub:https://bit.ly/3qWQHm8
→PayPal abruptly cuts off Pornhub’s payroll, leaving performers with few payment options:https://bit.ly/34fcw6D
→Visa and Mastercard cut off Pornhub after report of unlawful videos:https://bit.ly/2K4IPhS
→Mastercard, Visa halt payments on Pornhub over allegations of child sex-abuse content:https://reut.rs/3oSSNl5
→Visa and Mastercard to Investigate Financial Ties to Pornhub:https://nyti.ms/34c0CdG
→Mastercard, Visa Cut Off Pornhub Following Charges Of Illegal Content:https://bit.ly/3oT0qrY
→Pornhub - The 2019 Year in Review:https://bit.ly/3gMC2Fm
→成人網站Pornhub影片涉兒童性侵? 萬事達、VISA要查:https://bit.ly/37gCYii
→Pornhub遭控上架兒童性侵影片 網站大動作整頓:https://bit.ly/3aelrcq
→Pornhub 關停大部分下載功能,且不再允許未驗證用戶上傳影片:https://engt.co/2WdsJF4
→「被 Pornhub 毀掉的孩子」:問題不在色情,而在藉強暴孩童營利:https://bit.ly/37m9Hmu
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on financial report 在 Campus TV, HKUSU 香港大學學生會校園電視 Youtube 的精選貼文
The 3rd Ordinary Council Meeting | 二零二零年度第三次評議會常務會議
Date: 23rd September 2020 (Wednesday)
Time: 19:30 –
Venue: Union Council Chamber UG201, Union Building
Agenda
0. Meeting call to order and sing the Union Song
Section A
1. To read out the correspondences
2. To receive maiden speeches of new Council member
3. To elect the Chairperson of Union Council
4. To elect the Honorary Secretary of Union Council
5. To receive and adopt the agenda
6. To report motions carried by circulation
7. To receive and adopt the minutes of previous Meetings
Section B
1. To receive resignation of Council Committee members
2. To appoint members of Council Committees, HKUSU Council, Session 2020
a. Current Affairs Committee
b. Union Finance Committee
c. Council Business Committee
3. Questions put to the Union Executives, other Councillors, other Official Observers, Council Committees, or Union sub-organisations
4. To consider resignations of Undergrad, HKUSU
5. To consider recommendations from Working Group on Union Restructuring 2019
6. To review affiliation status of sub-organizations
7. To hear appeals on Orientation Affairs, if any
8. To receive report of Orientation Affairs Arbitration Committee, HKUSU Council, Session 2020
9. To receive the half-yearly Report of Union Executives, Session 2020
a. President
b. Vice-President (Internal)
c. Vice-President (External)
d. Financial Secretary
e. University Affairs Secretary I
f. Student Welfare Secretary
g. Administrative Secretary
10. To receive the half-yearly report of Campus Media, Session 2020
a. Undergrad, HKUSU
b. Campus TV, HKUSU
11. To receive the half-yearly report of Popularly Elected Union Councillor
12. To receive the half-yearly report of Standing Committees, Session 2020
a. Current Affairs Committee
b. Union Finance Committee
c. Constitution Review Committee
d. Council Business Committee
13. Any Other Business
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on financial report 在 Campus TV, HKUSU 香港大學學生會校園電視 Youtube 的最讚貼文
The 8th Emergency Council Meeting, Session 2020 | 二零二零年度第八次評議會緊急會議
Date: 25th August 2020 (Tuesday)
Time: 21:30 –
Venue: Online via Microsoft Teams
Agenda
0. Meeting call to order and sing the Union Song
Section A
1. To read out the correspondences
2. To receive maiden speeches of new Council members
3. To elect the Chairperson of Union Council
4. To elect the Honorary Secretary of Union Council
5. To receive and adopt the agenda
6. To receive and adopt the minutes of previous Meetings
Section B
1. To hear appeals on Orientation Affairs, if any
2. To discuss matters relating to possible infringement of Standing Orders
3. To discuss the arrangement for Annual Election 2021
4. To review transfers to Union Funds
5. To receive the audited financial report of Union sub-organization
6. To endorse statements issued by Council Committees
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on financial report 在 What is Financial Reporting? Definition & Importance - YouTube 的推薦與評價
The most important financial reports for small businesses: https://bit.ly/3tXPjU4 Financial reporting helps both internal leaders and ... ... <看更多>
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