Citigroup and UBS yelled together: China's stocks can buy bottoms
$Citigroup(C.US$ Citigroup and UBS strategists pointed out in this week's report that the American depositary receipts (ADRs) of Chinese companies traded on the New York Stock Exchange and Nasdaq are "over-adjusted," and it may be time to start bargaining. Citigroup’s Alicia Yap said that the market is currently overestimating the corporate risks in China’s concept stocks. Yap also added: We believe that for those large depositary stocks that have been listed in Hong Kong, China and the United States, this sell-off is a good buying opportunity.
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LONG TERM INVESTOR : Eweeeeeeeeeeeeee. Are AS LONG THE AMERICANS HEDGE FUNDS STILL BORING IN? ... I think good news is truly “good” if the Chinese investors are buying in luxury.
efficentupupOP LONG TERM INVESTOR: agree with you