Yes, you are right. It is clear evidence of how the sentiment is becoming increasingly more bullish. Three months ago a Hong Kong stock like MEGL would have generated little interest. Also interesting is how all those Cathie Wood stocks soared during the Robinhood/Covid Era and have since crashed due to lack of an ability to make any kind of bottom-line profit. But that is what happens in bull markets. People tend to dismiss a company's ability, or should I say, inability, to generate profits.
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