MONEY MASTER

Tongguan Gold Group (HKG:340) shares slid  8.8% this week , but long-term investors have little to complain about. The stock has delivered a remarkable  423% gain over the past five years , translating to a  39% compound annual growth rate (CAGR) . Key Performance: 5-Year Share Price Gain:  +423% 3-Year Gain:  +313% 12-Month Total Shareholder Return (TSR):  +279%, including dividends Quarterly Gain:  +65% Earnings Growth: The company turned  profitable within the past five years , marking a key inflection point. EPS has grown  5.5% annually over three years , though the share price rose at a much faster 60% annual pace, showing heightened market optimism. Dividends Matter: The  5-year TSR of 425%  exceeds the pure share price return, boosted by dividend reinvestments and corporate actions. Short-Term vs. Long-Term: The recent dip highlights short-term volatility, but the long-term trend suggests the market believes Tongguan Gold Gro...

Technical Outlook Li Auto’s stock is trading above both its 20-day and 50-day moving averages, showing a strong upward trend. Technical indicators like the MACD suggest positive momentum. If the price breaks above HKD 122 with strong volume, the next resistance is at HKD 125. Business Summary Li Auto designs and sells smart electric SUVs in China. The company is part of the growing new energy vehicle sector and benefits from strong domestic demand. Financial Highlights (in million HKD) Year Revenue Net Profit Profit Margin FY2025F 178,826 11,009 6.2% FY2026F 231,437 16,196 7.0% FY2027F 269,323 20,532 7.6% Net profit is expected to grow 27% annually over the next 3 years , showing Li Auto is becoming more efficient and profitable. Profit margins are stable at around 7%, which is strong for the auto industry. Balance Sheet (FY2024): The company’s  assets far exceed liabilities , showing financial strength. Equity base remains solid , and net gearing is low, meaning low debt risk. Key...

  Chinese stocks underperformed in the region on Wednesday as investors paused their rally , disappointed by Beijing's reluctance to commit to more economic stimulus. Meanwhile, shares elsewhere in Asia gained. The CSI300 index dropped as much as 5% , nearly erasing the gains made earlier this week, while Hong Kong stocks rebounded by 1.7% after a historic drop on Tuesday. Australia and Japan saw stock markets climb, supported by a tech rally in the US and bets on Federal Reserve rate cuts stabilizing markets. New Zealand's central bank delivered its second rate cut in a row, trimming 50 basis points , while concerns mounted that China's latest stimulus measures might not be enough to sustain a lasting market rally. A report quoting Premier Li Qiang hinted at the need for more policies to stabilize growth, signaling Beijing's efforts to reassure investors. Timothy Moe, Goldman Sachs' chief Asia Pacific equity strategist, noted that Tuesday's sharp decl...