MOMO Overview

Global Market Trends: Investors are currently favoring narratives over financial fundamentals, leading to many companies trading below their book value despite strong balance sheets and financial health, particularly in the U.S., Europe, Japan, and China.

U.S. Market Insights: In the U.S., many asset-intensive businesses, especially in the financial sector, are undervalued despite solid capital positions and liquidity, reflecting a market mindset of crisis rather than current financial realities.

European Financial Strength: European banks and industrial companies are well-capitalized and generating profits, yet they are trading below tangible book value due to market perceptions of impending downturns, creating investment opportunities.

Japanese and Chinese Opportunities: Japan's companies often have strong balance sheets with net cash positions, while in China, a distinction exists between companies with solid financials and those facing real risks, presenting a selective investment landscape focused on financial strength.

Earnings Reports Overview: Retail investors are gearing up for a week of earnings reports, with notable companies like Toll Brothers, GameStop, and Oracle set to release their financial results.

Toll Brothers Expectations: Analysts anticipate Toll Brothers will report Q4 earnings of approximately $4.89 per share, focusing on the impact of luxury demand amidst housing affordability challenges.

Oracle's Key Focus: Oracle's upcoming earnings report is highly anticipated, with expectations of $1.64 per share and $16.22 billion in revenue, as investors look for insights on its AI investments and cloud revenue growth.

Broadcom and Other Reports: Broadcom is expected to be a highlight on Thursday, with analysts predicting earnings of $1.86 per share, alongside other companies like Costco and Lululemon also reporting their results.

Global Market Overview: November 2025 saw a significant relief rally in global markets following the resolution of a historic U.S. government shutdown, with strong performances from various international stocks, particularly in Argentina and Hong Kong.

U.S. Economic Conditions: The prolonged government shutdown negatively impacted the U.S. economy, leading to increased job dismissals and deteriorating consumer sentiment, although the market rebounded as political resolution emerged.

Regional Market Performance: European markets showed cautious optimism with gains across major indices, while Asian markets, particularly in China and Hong Kong, displayed signs of stabilization and recovery, especially in the property sector.

Investment Strategy and Outlook: The Perfect Stock portfolio, adhering to value investing principles, focuses on companies trading at significant discounts to intrinsic value, with a diversified global approach that positions it well for future opportunities amid ongoing economic uncertainties.

Earnings Release Announcement: Hello Group Inc. will release its unaudited financial results for Q3 2025 on December 10, 2025, before U.S. markets open.

Conference Call Details: An earnings conference call is scheduled for December 10, 2025, at 7:00 a.m. U.S. Eastern Time, with preregistration required for participants.

Replay Information: A telephone replay of the conference call will be available until December 17, 2025, with specific dial-in details provided.

Company Overview: Hello Group Inc. is a major player in Asia's online social networking, operating platforms like Momo and Tantan to facilitate social interactions and dating.