TCEHY - 4 Tough Lessons From My Worst Chinese Stock in 2019
I own several Chinese stocks, and many of them stumbled as the trade war escalated over the past year. However, my worst performing Chinese stock was SINA (NASDAQ: SINA), the 21-year-old tech company which owns an older portal business and a controlling interest in the microblogging platform Weibo (NASDAQ: WB).
SINA's stock plunged about 35% this year as its revenue and earnings growth decelerated, while fears about the economic slowdown in China and tighter regulations for U.S.-listed Chinese stocks exacerbated the pain. Looking back, I realize that I ignored four bright red flags that were flying over SINA -- so it's time to review those mistakes and learn a few lessons.
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