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2021-08-19
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Microsoft's Stock May Be About To Run Sharply Higher<blockquote>微软股价可能即将大幅走高</blockquote>
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There are now signs the stock's advance may not be over, with bigger gains to come. The stock could be heading to around $320 to $325 over the next couple of months, nearly 10% to 15% higher than its price of roughly $293 on August 17, based on an analysis of the options market and technical charts.</p><p><blockquote>微软 (MSFT) 一直是疫情的大赢家,该股在过去 18 个月中飙升。现在有迹象表明,该股的上涨可能尚未结束,更大的涨幅即将到来。根据对期权市场和技术图表的分析,该股在未来几个月内可能会达到 320 至 325 美元左右,比 8 月 17 日约 293 美元的价格高出近 10% 至 15%。</blockquote></p><p> The positive outlook for the stock comes despite the shares trading at a lofty valuation, just as earnings growth is expected to slow dramatically. It leaves investors in an awkward spot, wondering if they should continue to chase the stock higher just as year-over-year comparables get harder. But the reality of slowing growth may not hit until the company reports its next round of results in late October, giving the shares a path higher over the next couple of months.</p><p><blockquote>尽管该股估值很高,但该股前景依然乐观,而盈利增长预计将大幅放缓。这让投资者陷入了尴尬的境地,他们想知道是否应该继续追高该股,因为同比可比股票变得越来越困难。但增长放缓的现实可能要到该公司 10 月底公布下一轮业绩后才会显现,从而使股价在未来几个月内走高。</blockquote></p><p> <b>Slower Growth</b></p><p><blockquote><b>增长放缓</b></blockquote></p><p> Earnings growth for Microsoft is expected to slip going forward, rising by 8.8% in the fiscal year 2022 from 39.7% in fiscal 2021. It is forecast to accelerate in the fiscal year 2023, but only to 14.3%, which is still slower than its earnings growth of 22.4% and 21.3% in 2019 and 2020. Additionally, growth rates over the next four quarters are expected to decelerate, dropping to 7.5% by the fourth quarter from 13.5% in the fiscal first quarter.</p><p><blockquote>微软的盈利增长预计将在未来下滑,2022 财年将从 2021 财年的 39.7% 增长 8.8%。预计2023财年将加速增长,但仅达到14.3%,仍低于2019年和2020年22.4%和21.3%的盈利增长。此外,未来四个季度的增长率预计将放缓,到第四季度将从第一财季的13.5%降至7.5%。</blockquote></p><p> The slowing growth rate presents the biggest problem for the stock because it currently trades at 29.3 times 2023 earnings estimates. This is not a cheap valuation for Microsoft. In fact, over the past 5 years, the stock has averaged a PE ratio of just 24.6, making the current valuation very pricey on a historical basis.</p><p><blockquote>增长率放缓是该股面临的最大问题,因为该股目前的交易价格是 2023 年盈利预期的 29.3 倍。这对微软来说并不是一个便宜的估值。事实上,过去5年,该股的平均市盈率仅为24.6,从历史角度来看,目前的估值非常昂贵。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b3bb48fc1b4ed571a9b496e941bcd7df\" tg-width=\"626\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> On a price-to-sales metric, the stock has only been more expensive one other time, which was in the late 1990s and early 2000s during the dot.com mania. This could really leave an investor feeling confused, with an extremely high valuation for a sales multiple, and while the PE ratio is high, but tolerable. However, the price-to-sales metric is essentially off the charts at current levels.</p><p><blockquote>从市销率衡量来看,该股只有一次更贵,那是在 20 世纪 90 年代末和 21 世纪初网络热潮期间。这确实会让投资者感到困惑,销售倍数的估值极高,虽然市盈率很高,但可以忍受。然而,市销率指标在当前水平上基本上超出了图表。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/51420f64c4723e67897f0b9f1f1e9704\" tg-width=\"626\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>Options Outlook</b></p><p><blockquote><b>期权展望</b></blockquote></p><p> Still, the questionably high valuation isn't stopping the options market from being very bullish on the stock. Perhaps that is because of the stock's momentum behind it since the start of the pandemic. On August 18, the open interest for the November 19 $315 calls rose by around 20,000 contracts. The data shows the call options were bought for roughly $4.50 to $4.75 per contract. It implies that the stock is trading at $319.75 or higher by the expiration date, a gain of around 9.1% from its closing price on August 17. It is a massively bullish bet as well, with premiums paid off roughly $9.5 million.</p><p><blockquote>尽管如此,可疑的高估值并没有阻止期权市场非常看好该股。也许这是因为自大流行开始以来该股背后的势头。8月18日,11月19日315美元评级的未平仓合约增加了约20,000份合约。数据显示,看涨期权期权的购买价格约为每份合约 4.50 美元至 4.75 美元。这意味着该股在到期日的交易价格为 319.75 美元或更高,较 8 月 17 日收盘价上涨约 9.1%。这也是一个巨大的看涨赌注,溢价约为 950 万美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7029da5552d3abe13f25ed926ee79b19\" tg-width=\"640\" tg-height=\"427\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>Technicals Support A Move Higher</b></p><p><blockquote><b>技术面支撑走高</b></blockquote></p><p> From a technical perspective, the stock may have further to climb after breaking out of a bullish flag pattern when it rose above resistance at $290. The pattern formed starting around June 4 and a projection of the move off of that starting pointing suggests the stock rises to around $327 over the next few months a gain of about 15%, which is roughly in line with the bullish options bet placed.</p><p><blockquote>从技术角度来看,该股在突破 290 美元阻力位时突破看涨旗形形态后可能会进一步攀升。该模式始于 6 月 4 日左右,对该起点的预测表明,该股将在未来几个月内升至 327 美元左右,涨幅约为 15%,这与看涨期权押注大致一致。</blockquote></p><p> The one concern here is that this could prove to be the final push higher for Microsoft, as there is a bearish divergence currently forming between the stock's price and the momentum indicators. The relative strength index and the MACD are slowly trending lower, and this would indicate that momentum in the stock is now waning and bearish momentum is taking hold.</p><p><blockquote>这里的一个担忧是,这可能会被证明是微软的最后一次上涨,因为目前股价和动量指标之间正在形成看跌背离。相对强弱指数和 MACD 正在缓慢走低,这表明该股的势头正在减弱,看跌势头正在形成。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/64a13885bdd2dc7c41ad5730b0b40332\" tg-width=\"640\" tg-height=\"293\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p><p> The current options and technical setup would suggest the stock is likely to flourish for some time longer, while the fundamentals would suggest the valuation is stretched. Overall, it seems to give Microsoft a path higher at least until the next round of earnings, which is likely not to come until sometime in late October.</p><p><blockquote>当前的期权和技术设置表明该股可能会繁荣一段时间,而基本面则表明估值过高。总体而言,这似乎至少在下一轮财报之前为微软提供了一条走高的道路,而下一轮财报可能要到 10 月下旬的某个时候才会到来。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft's Stock May Be About To Run Sharply Higher<blockquote>微软股价可能即将大幅走高</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft's Stock May Be About To Run Sharply Higher<blockquote>微软股价可能即将大幅走高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-08-19 12:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Microsoft's stock has been a big winner of the pandemic, and there may be one more 10-15% push higher on the way.</li> <li>The options market appears to be betting that the stock climbs over $320 by the middle of November.</li> <li>However, the stock's valuation is high on a historical basis and growth is about to slow considerably, giving the shares a path higher up until the next earnings report.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bd13176456827fe134fc15a4ce7b3d61\" tg-width=\"1536\" tg-height=\"864\" referrerpolicy=\"no-referrer\"><span>HJBC/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>微软的股票是疫情的大赢家,未来可能还会上涨 10-15%。</li><li>期权市场似乎押注该股将在 11 月中旬攀升至 320 美元以上。</li><li>然而,从历史角度来看,该股的估值很高,而且增长将大幅放缓,这使得该股在下一份收益报告之前有望走高。</li></ul><p class=\"t-img-caption\"><span>HJBC/iStock 社论来自 Getty Images</span></p></blockquote></p><p> Microsoft (MSFT) has been a big winner of the pandemic, with the stock rocketing higher over the past 18 months. There are now signs the stock's advance may not be over, with bigger gains to come. The stock could be heading to around $320 to $325 over the next couple of months, nearly 10% to 15% higher than its price of roughly $293 on August 17, based on an analysis of the options market and technical charts.</p><p><blockquote>微软 (MSFT) 一直是疫情的大赢家,该股在过去 18 个月中飙升。现在有迹象表明,该股的上涨可能尚未结束,更大的涨幅即将到来。根据对期权市场和技术图表的分析,该股在未来几个月内可能会达到 320 至 325 美元左右,比 8 月 17 日约 293 美元的价格高出近 10% 至 15%。</blockquote></p><p> The positive outlook for the stock comes despite the shares trading at a lofty valuation, just as earnings growth is expected to slow dramatically. It leaves investors in an awkward spot, wondering if they should continue to chase the stock higher just as year-over-year comparables get harder. But the reality of slowing growth may not hit until the company reports its next round of results in late October, giving the shares a path higher over the next couple of months.</p><p><blockquote>尽管该股估值很高,但该股前景依然乐观,而盈利增长预计将大幅放缓。这让投资者陷入了尴尬的境地,他们想知道是否应该继续追高该股,因为同比可比股票变得越来越困难。但增长放缓的现实可能要到该公司 10 月底公布下一轮业绩后才会显现,从而使股价在未来几个月内走高。</blockquote></p><p> <b>Slower Growth</b></p><p><blockquote><b>增长放缓</b></blockquote></p><p> Earnings growth for Microsoft is expected to slip going forward, rising by 8.8% in the fiscal year 2022 from 39.7% in fiscal 2021. It is forecast to accelerate in the fiscal year 2023, but only to 14.3%, which is still slower than its earnings growth of 22.4% and 21.3% in 2019 and 2020. Additionally, growth rates over the next four quarters are expected to decelerate, dropping to 7.5% by the fourth quarter from 13.5% in the fiscal first quarter.</p><p><blockquote>微软的盈利增长预计将在未来下滑,2022 财年将从 2021 财年的 39.7% 增长 8.8%。预计2023财年将加速增长,但仅达到14.3%,仍低于2019年和2020年22.4%和21.3%的盈利增长。此外,未来四个季度的增长率预计将放缓,到第四季度将从第一财季的13.5%降至7.5%。</blockquote></p><p> The slowing growth rate presents the biggest problem for the stock because it currently trades at 29.3 times 2023 earnings estimates. This is not a cheap valuation for Microsoft. In fact, over the past 5 years, the stock has averaged a PE ratio of just 24.6, making the current valuation very pricey on a historical basis.</p><p><blockquote>增长率放缓是该股面临的最大问题,因为该股目前的交易价格是 2023 年盈利预期的 29.3 倍。这对微软来说并不是一个便宜的估值。事实上,过去5年,该股的平均市盈率仅为24.6,从历史角度来看,目前的估值非常昂贵。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b3bb48fc1b4ed571a9b496e941bcd7df\" tg-width=\"626\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> On a price-to-sales metric, the stock has only been more expensive one other time, which was in the late 1990s and early 2000s during the dot.com mania. This could really leave an investor feeling confused, with an extremely high valuation for a sales multiple, and while the PE ratio is high, but tolerable. However, the price-to-sales metric is essentially off the charts at current levels.</p><p><blockquote>从市销率衡量来看,该股只有一次更贵,那是在 20 世纪 90 年代末和 21 世纪初网络热潮期间。这确实会让投资者感到困惑,销售倍数的估值极高,虽然市盈率很高,但可以忍受。然而,市销率指标在当前水平上基本上超出了图表。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/51420f64c4723e67897f0b9f1f1e9704\" tg-width=\"626\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>Options Outlook</b></p><p><blockquote><b>期权展望</b></blockquote></p><p> Still, the questionably high valuation isn't stopping the options market from being very bullish on the stock. Perhaps that is because of the stock's momentum behind it since the start of the pandemic. On August 18, the open interest for the November 19 $315 calls rose by around 20,000 contracts. The data shows the call options were bought for roughly $4.50 to $4.75 per contract. It implies that the stock is trading at $319.75 or higher by the expiration date, a gain of around 9.1% from its closing price on August 17. It is a massively bullish bet as well, with premiums paid off roughly $9.5 million.</p><p><blockquote>尽管如此,可疑的高估值并没有阻止期权市场非常看好该股。也许这是因为自大流行开始以来该股背后的势头。8月18日,11月19日315美元评级的未平仓合约增加了约20,000份合约。数据显示,看涨期权期权的购买价格约为每份合约 4.50 美元至 4.75 美元。这意味着该股在到期日的交易价格为 319.75 美元或更高,较 8 月 17 日收盘价上涨约 9.1%。这也是一个巨大的看涨赌注,溢价约为 950 万美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7029da5552d3abe13f25ed926ee79b19\" tg-width=\"640\" tg-height=\"427\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>Technicals Support A Move Higher</b></p><p><blockquote><b>技术面支撑走高</b></blockquote></p><p> From a technical perspective, the stock may have further to climb after breaking out of a bullish flag pattern when it rose above resistance at $290. The pattern formed starting around June 4 and a projection of the move off of that starting pointing suggests the stock rises to around $327 over the next few months a gain of about 15%, which is roughly in line with the bullish options bet placed.</p><p><blockquote>从技术角度来看,该股在突破 290 美元阻力位时突破看涨旗形形态后可能会进一步攀升。该模式始于 6 月 4 日左右,对该起点的预测表明,该股将在未来几个月内升至 327 美元左右,涨幅约为 15%,这与看涨期权押注大致一致。</blockquote></p><p> The one concern here is that this could prove to be the final push higher for Microsoft, as there is a bearish divergence currently forming between the stock's price and the momentum indicators. The relative strength index and the MACD are slowly trending lower, and this would indicate that momentum in the stock is now waning and bearish momentum is taking hold.</p><p><blockquote>这里的一个担忧是,这可能会被证明是微软的最后一次上涨,因为目前股价和动量指标之间正在形成看跌背离。相对强弱指数和 MACD 正在缓慢走低,这表明该股的势头正在减弱,看跌势头正在形成。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/64a13885bdd2dc7c41ad5730b0b40332\" tg-width=\"640\" tg-height=\"293\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p><p> The current options and technical setup would suggest the stock is likely to flourish for some time longer, while the fundamentals would suggest the valuation is stretched. Overall, it seems to give Microsoft a path higher at least until the next round of earnings, which is likely not to come until sometime in late October.</p><p><blockquote>当前的期权和技术设置表明该股可能会繁荣一段时间,而基本面则表明估值过高。总体而言,这似乎至少在下一轮财报之前为微软提供了一条走高的道路,而下一轮财报可能要到 10 月下旬的某个时候才会到来。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://seekingalpha.com/article/4450393-microsofts-stock-may-be-about-to-run-sharply-higher\">seekingalpha</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://seekingalpha.com/article/4450393-microsofts-stock-may-be-about-to-run-sharply-higher","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126957066","content_text":"Summary\n\nMicrosoft's stock has been a big winner of the pandemic, and there may be one more 10-15% push higher on the way.\nThe options market appears to be betting that the stock climbs over $320 by the middle of November.\nHowever, the stock's valuation is high on a historical basis and growth is about to slow considerably, giving the shares a path higher up until the next earnings report.\n\nHJBC/iStock Editorial via Getty Images\nMicrosoft (MSFT) has been a big winner of the pandemic, with the stock rocketing higher over the past 18 months. There are now signs the stock's advance may not be over, with bigger gains to come. The stock could be heading to around $320 to $325 over the next couple of months, nearly 10% to 15% higher than its price of roughly $293 on August 17, based on an analysis of the options market and technical charts.\nThe positive outlook for the stock comes despite the shares trading at a lofty valuation, just as earnings growth is expected to slow dramatically. It leaves investors in an awkward spot, wondering if they should continue to chase the stock higher just as year-over-year comparables get harder. But the reality of slowing growth may not hit until the company reports its next round of results in late October, giving the shares a path higher over the next couple of months.\nSlower Growth\nEarnings growth for Microsoft is expected to slip going forward, rising by 8.8% in the fiscal year 2022 from 39.7% in fiscal 2021. It is forecast to accelerate in the fiscal year 2023, but only to 14.3%, which is still slower than its earnings growth of 22.4% and 21.3% in 2019 and 2020. Additionally, growth rates over the next four quarters are expected to decelerate, dropping to 7.5% by the fourth quarter from 13.5% in the fiscal first quarter.\nThe slowing growth rate presents the biggest problem for the stock because it currently trades at 29.3 times 2023 earnings estimates. This is not a cheap valuation for Microsoft. In fact, over the past 5 years, the stock has averaged a PE ratio of just 24.6, making the current valuation very pricey on a historical basis.\n\nOn a price-to-sales metric, the stock has only been more expensive one other time, which was in the late 1990s and early 2000s during the dot.com mania. This could really leave an investor feeling confused, with an extremely high valuation for a sales multiple, and while the PE ratio is high, but tolerable. However, the price-to-sales metric is essentially off the charts at current levels.\n\nOptions Outlook\nStill, the questionably high valuation isn't stopping the options market from being very bullish on the stock. Perhaps that is because of the stock's momentum behind it since the start of the pandemic. On August 18, the open interest for the November 19 $315 calls rose by around 20,000 contracts. The data shows the call options were bought for roughly $4.50 to $4.75 per contract. It implies that the stock is trading at $319.75 or higher by the expiration date, a gain of around 9.1% from its closing price on August 17. It is a massively bullish bet as well, with premiums paid off roughly $9.5 million.\n\nTechnicals Support A Move Higher\nFrom a technical perspective, the stock may have further to climb after breaking out of a bullish flag pattern when it rose above resistance at $290. The pattern formed starting around June 4 and a projection of the move off of that starting pointing suggests the stock rises to around $327 over the next few months a gain of about 15%, which is roughly in line with the bullish options bet placed.\nThe one concern here is that this could prove to be the final push higher for Microsoft, as there is a bearish divergence currently forming between the stock's price and the momentum indicators. The relative strength index and the MACD are slowly trending lower, and this would indicate that momentum in the stock is now waning and bearish momentum is taking hold.\n\nThe current options and technical setup would suggest the stock is likely to flourish for some time longer, while the fundamentals would suggest the valuation is stretched. Overall, it seems to give Microsoft a path higher at least until the next round of earnings, which is likely not to come until sometime in late October.","news_type":1,"symbols_score_info":{"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":1121,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/831783087"}
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