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Chinese stocks: Best opening in years with 80% rally
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With China's economic recovery estimates, Chinese stocks kicked off their best opening since 2018. The $Hang Seng TECH Index(800700.HK)$ has a weekly gain of 7.32%. Famous Chinese stocks such as BABA, Tencent, and PDD shares went up 80%, 93%, and 62% from their October low.
Is Chinese company a yay or a nay? Which stocks are worth watching/holding? Feel free to leave your comment.
Is Chinese company a yay or a nay? Which stocks are worth watching/holding? Feel free to leave your comment.
With China's economic recovery estimates, Chinese stocks kicked off their best opening since 2018. The $Hang Seng TECH Index(800700.HK)$ has a weekly gain of 7.32%. Famous Chinese stocks such as BABA, Tencent, and PDD shares went up 80%, 93%, and 62% from their October low.
Is Chinese company a yay or a nay? Which stocks are worth watching/holding? Feel free to leave your comment.
Is Chinese company a yay or a nay? Which stocks are worth watching/holding? Feel free to leave your comment.
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Mark Mobius Says He is 'Betting Big' on Chip Stocks
Mark Mobius, who is regarded as "Father of Emerging Markets", said he is currently "betting big" on chip stocks, as China and the US invest enormous amounts of capital into R&D and manufacturing of chips.
He elaborated on his position that Asia is well positioned for an improved outlook in the chip industry, as Taiwan's Taiwan Semiconductor Manufacturing Company $Taiwan Semiconductor(TSM.US$ and South Korea's $Samsung Electronics Co., Ltd.(SSNLF.US$ Samsung Electronics a...
He elaborated on his position that Asia is well positioned for an improved outlook in the chip industry, as Taiwan's Taiwan Semiconductor Manufacturing Company $Taiwan Semiconductor(TSM.US$ and South Korea's $Samsung Electronics Co., Ltd.(SSNLF.US$ Samsung Electronics a...
1. China's CPI increased by 1.0% y/y, but the growth rate decreased by 1.1% m/m due to the high comparison base of the same period last year.
2. Food prices +2.6%, contributing to a 0.48% increase in CPI, but the growth rate decreased by 3.6% m/m. Prices for potatoes, fresh fruits, eggs, and poultry increased, but prices for pork and vegetables decreased.
$Global X Fds Msci China Consumer Discretionary Etf(CHIQ.US$$CSOP Hang Seng TECH Index ETF(03033.HK$$KraneShares CSI China Internet ETF(KWEB.US$$Hang Seng H-Share Index ETF(02828.HK$$NASDAQ Golden Dragon China(.HXC.US$
2. Food prices +2.6%, contributing to a 0.48% increase in CPI, but the growth rate decreased by 3.6% m/m. Prices for potatoes, fresh fruits, eggs, and poultry increased, but prices for pork and vegetables decreased.
$Global X Fds Msci China Consumer Discretionary Etf(CHIQ.US$$CSOP Hang Seng TECH Index ETF(03033.HK$$KraneShares CSI China Internet ETF(KWEB.US$$Hang Seng H-Share Index ETF(02828.HK$$NASDAQ Golden Dragon China(.HXC.US$
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Temu challenges Amazon? Pinduoduo better than Alibaba?
Charlie Munger recently admitted that investing in Alibaba was a mistake because he underestimated the level of competition it faced as a retailer in the ecommerce space.
This is true, as there are now several prominent ecommerce sites in China, including JD.com, Pinduoduo, Vipshop, Douyin, Kuaishou, and Xiaohongshu.
The barrier to entry is not as high as some may believe, as new players continue to emerge and show promise.
Let's talk ab...
This is true, as there are now several prominent ecommerce sites in China, including JD.com, Pinduoduo, Vipshop, Douyin, Kuaishou, and Xiaohongshu.
The barrier to entry is not as high as some may believe, as new players continue to emerge and show promise.
Let's talk ab...
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HINA TELECOM Actively Eyeing Industrial Version of ChatGPT
$CHINA TELECOM(00728.HK$ is actively paying heed to the industrial version of ChatGPT, and already has had the basis for relevant technology research and development, Chinese media learnt from CHINA TELECOM.
Several Chinese technology giants have announced that they will launch ChatGPT-type AI robots, including $TENCENT(00700.HK$ , $BABA-SW(09988.HK$ , $BIDU-SW(09888.HK$ and other companies. The news related to Cha...
Several Chinese technology giants have announced that they will launch ChatGPT-type AI robots, including $TENCENT(00700.HK$ , $BABA-SW(09988.HK$ , $BIDU-SW(09888.HK$ and other companies. The news related to Cha...
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Mark Mobius and China
Saw an article that said Mark Mobius is laying claims that he has difficulty to withdraw his capital from China. As we are all aware, China's capital account is not entirely free and it is not unexpected to see this.
To ask him to provide documents to support how he has and wants to withdraw big sums of capital is entirely fair. Nevertheless, it may signal another attempt or be another attempt for bears of Chinese tech to leverage on. Recent week of Chinese tech recovery me...
To ask him to provide documents to support how he has and wants to withdraw big sums of capital is entirely fair. Nevertheless, it may signal another attempt or be another attempt for bears of Chinese tech to leverage on. Recent week of Chinese tech recovery me...
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Chinese tech stocks rebound?
$Hang Seng TECH Index(800700.HK$ declined over 20 percent from recent peak, having dropped to around 3900 points at one point.
The significant fall has drawn back buyers who went in to buy quite a big portion of shares that lead to hang Seng tech re-establishing it's price point to around 4200 points.
Without seeing hang Seng tech above 4400 points strongly, I am still unsure if the bull is temporary or for longer term.
This should not be construed as any investment or...
The significant fall has drawn back buyers who went in to buy quite a big portion of shares that lead to hang Seng tech re-establishing it's price point to around 4200 points.
Without seeing hang Seng tech above 4400 points strongly, I am still unsure if the bull is temporary or for longer term.
This should not be construed as any investment or...
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Regardless prowling bears and shorts , HK set to strive
Investors only need stay focus if you are indulging spare cash. Just sit back and reap huge.
Chinese Premier Li Keqiang pledged Beijing would support Hong Kong’s economic growth and maintain its long-term prosperity as he highlighted the promotion of the Greater Bay Area as part of efforts to ensure the global financial centre was “set to thrive” while delivering his final work report.
$KraneShares CSI China Internet ETF(KWEB.US$$Hang Seng H-Share Index ETF(02828.HK$$BABA-SW(09988.HK$$Hang Seng TECH Index(800700.HK$$TENCENT(00700.HK$$NASDAQ Golden Dragon China(.HXC.US$$XIAOMI-W(01810.HK$
Chinese Premier Li Keqiang pledged Beijing would support Hong Kong’s economic growth and maintain its long-term prosperity as he highlighted the promotion of the Greater Bay Area as part of efforts to ensure the global financial centre was “set to thrive” while delivering his final work report.
$KraneShares CSI China Internet ETF(KWEB.US$$Hang Seng H-Share Index ETF(02828.HK$$BABA-SW(09988.HK$$Hang Seng TECH Index(800700.HK$$TENCENT(00700.HK$$NASDAQ Golden Dragon China(.HXC.US$$XIAOMI-W(01810.HK$
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$BILIBILI-W(09626.HK$$Bilibili(BILI.US$ :
4Q net revenue 6.1b yuan, forecast 6.12b yuan;
4Q adj loss/share 3.31 yuan, forecast loss/share 3.34 yuan;
Bilibili sees yr net rev RMB24.0b-RMB26.0b, forecast 26.5b yuan.
4Q net revenue 6.1b yuan, forecast 6.12b yuan;4Q adj loss/share 3.31 yuan, forecast loss/share 3.34 yuan;Bilibili sees yr net rev RMB24.0b-RMB26.0b, forecast 26.5b yuan.1
Check this out. The blowout China PMI report.
It wasn't just the headline numbers. There was a SUBSTANTIAL JUMP in ALL MAJOR PMI components, indicating the recovery is happening quicker, is more broad-based + hiring is also picking up.
$Global X Fds Msci China Consumer Discretionary Etf(CHIQ.US$$KraneShares CSI China Internet ETF(KWEB.US$$Hang Seng H-Share Index ETF(02828.HK$$Hang Seng Index(800000.HK$$Hang Seng TECH Index(800700.HK$$JD-SW(09618.HK$$BABA-SW(09988.HK$$MEITUAN-W(03690.HK$
$Global X Fds Msci China Consumer Discretionary Etf(CHIQ.US$$KraneShares CSI China Internet ETF(KWEB.US$$Hang Seng H-Share Index ETF(02828.HK$$Hang Seng Index(800000.HK$$Hang Seng TECH Index(800700.HK$$JD-SW(09618.HK$$BABA-SW(09988.HK$$MEITUAN-W(03690.HK$
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