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China is too cheap
$BABA-SW (09988.HK)$ I dumped a lot of money into china equity and bond funds yesterday. I think china is too under invested. too many people bearish. this is a gd time.
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M Stanley Expects Mkt Cut on CN Stocks' Earning Forecast to Extend to 1Q24, Remains Cautious on MSCI CN Index
Morgan Stanley released a China market strategy report saying that the MSCI China Index, its constituents and A-share enterprises recorded a QoQ weakening 3Q23 earnings.
Of which, MSCI China Index enterprises posted worst performance in 3Q23 since 2018. Some of the internet enterprises' performances were better than expected.
Some durable consumer discretionaries recorded better-than-exp...
Of which, MSCI China Index enterprises posted worst performance in 3Q23 since 2018. Some of the internet enterprises' performances were better than expected.
Some durable consumer discretionaries recorded better-than-exp...
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$BABA-SW(09988.HK$ buy when there are blood on the streets even when the blood is yours. This is a stock that can 2x 3x easily once sentiment changes!
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102640653 : The entire Hongkong China market is on downward slope. See hangseng might catch a technical bounce n see it from there
102640653 102559790: Ok then its good. Majority of stocks r rock bottom price n the government should start accumulating at such levels. Good time to support market n boost consumer confidence