Seeking Alpha

Benjamin Yu

Benjamin Yu
Send Message
View as an RSS Feed
View Benjamin Yu's Comments BY TICKER:
Latest  |  Highest rated
  • SolarCity: No Way To Justify The High Valuation [View article]
    In SCTY Q2 the company developed 8000 new household roof. The whole 2013 SCTY will developed 30000 new household roof. In the IPO files we can find the net cash for each household is 15000 US. In other words the contract in 2013 will make 450 million US net profit in the future.

    Let's say the SCTY developing new household roof as the same 30000 new roof in the next 10 year. Since the make share of the household in SCTY's 14 business states only 0.1%. That means over ten year development. The SCTY market share still 1% of the total household. Very low.

    For an utility company its easy to have 20-30 PE range. AEP at PE 18. DUK at PE 25.SO at PE 22. At this point if we give SCTY PE 10 as 30000 new household roof continue developing every year. The net profit for each year will be 450 million US. In PE 10 the market Cap will be 4.5 billion. At this moment the market Cap is less than 3 billion.

    In other way we can compare SCTY to the solar project which Warren Buffet invested. The Agua Caliente project Warren invest 1.8 billion for a 49% of 290MW. The SCTY Q1 2013 had 333MV,, at the end of this year the total MV will 560MW. For 333MV the valuation will be 4.2 billion. For 560MV the valuation is 7 billion..

    Compare SCTY to Topaz and Antelope Valley, 550MW-579MW at 2 billion-2.5 billion. The fixed business valuation bottom line is 2-2.5 billion. And the SCTY had 3 billion development ability on hand, equal to 840MW.
    Aug 20 11:30 PM | Likes Like |Link to Comment
  • Perfect World: An Attractive Small-Cap Pick In The Gaming Industry [View article]
    PWRD will launch few new game this year and early 2014. In 2012 there is no new game launch. The register for dota2 is over 2 million since the test open one and half month ago. the dota1 in china still has more than 1 million gamer online. If you compare PWRD to CYOU, PWRD have huge potential will have a bigger market CAP than CYOU this year.
    Jul 8 10:55 PM | Likes Like |Link to Comment
  • YY: A Great Growth Story [View article]
    EDU just open education channel in YY's platform on 27 may 2013, the online education experience is much better than the off line especially there were few hundreds student in one room. There were a middle school math teacher open a class in YY education platform, he receive 600 students with each student paid $65 for the tuition fee. Which the total income for this teacher is

    $39000. The same teacher can not imaging teach 600 student in one time off line.

    In YY education platform, teacher can broadcast his/her class to unlimited students, all the students can receive high quality broadcasting. After class teacher can using the online education tools automatic cerate small group discuss questions. Student can do homework online and education tools can check all answer in second. Also students can buy additional one to one teaching service. There was a photoshop teacher made over $10 million in YY education platform in 2 year. The monetization still in early stage. YY already had an online payment system. In the future teacher will adverting themselves in YY platform, the payment will be charge 1% of the tuition fees. The student can rate the teacher for education quality. Also other additional service can be charge.
    Jun 12 10:26 AM | 3 Likes Like |Link to Comment
  • See What Happened To Short Interest In These Chinese Stocks [View article]
    There were over 20 million download iOS and Android version of YY in the smart mobile phone market. The latest version of iOS YY you can broadcast video and voice with you iphone to the open channel. Everyone can be a reporter on live video. Also the iOS YY can watch others individual channel, mobile live education, live sport, karaoke with special effect´╝îfree phone call to other YY users, YY group meeting.

    The CEO said the monetization of mobile YY will happening in Q3 2013, it will be similar as the desktop YY charge the virtual gift. The mobile YY can be compare to the Pandora Radio, both of them has over 70 million month active users. Pandora had over 200 million user over 140 million of the user using the mobile service. The revenue of Pandora 2013 estimate over 600 million. But the pandora will paid huge amount of money for music copyright, YY don't need to pay the copyright cost because YY do not selling the music with copyright. From the revenue of Pandora we can see the potential of YY mobile.

    Online education

    EDU just open education channel in YY's platform on 27 may 2013, the online education experience is much better than the off line especially there were few hundreds student in one room. There were a middle school math teacher open a class in YY education platform, he receive 600 students with each student paid $65 for the tuition fee. Which the total income for this teacher is

    $39000. The same teacher can not imaging teach 600 student in one time off line.

    In YY education platform, teacher can broadcast his/her class to unlimited students, all the students can receive high quality broadcasting. After class teacher can using the online education tools automatic cerate small group discuss questions. Student can do homework online and education tools can check all answer in second. Also students can buy additional one to one teaching service. There was a photoshop teacher made over $10 million in YY education platform in 2 year. The monetization still in early stage. YY already had an online payment system. In the future teacher will adverting themselves in YY platform, the payment will be charge 1% of the tuition fees. The student can rate the teacher for education quality. Also other additional service can be charge. The online education in china still early stage, the online education market estimate over $10 billion in 2020. Because the unique technology, and YY's background running big channel and live broadcast. YY has the potential become the biggest online virtual service market in China.
    May 30 10:42 PM | 2 Likes Like |Link to Comment
  • Baidu Is A Buy, Dude [View article]
    you can not driving a car by looking at the back mirror only.
    Mar 15 01:39 AM | Likes Like |Link to Comment
  • Alibaba is the latest firm to challenge Baidu (BIDU): the e-commerce giant, 23%-owned by YHOO, has launched a search engine that encompasses Web, image, news, and (AMAP-powered) map queries. Unlike QIHU, which has grabbed ~10% of the Chinese market since August, Alibaba doesn't have a popular browser to drive traffic, but it does have several popular shopping sites and the eTao shopping engine. The launch comes as top rival 360buy closes a $700M funding round at a reported $7.25B valuation, a possible stepping stone to an IPO[View news story]
    its hard to make any money from Mr Ma.
    Feb 19 08:38 AM | Likes Like |Link to Comment
COMMENTS STATS
6 Comments
5 Likes