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TCTZF - Coronavirus Update: Turning Point Is Showing Up In China
Tencent Holdings Ltd.
Investment Thesis
We believe that the coronavirus outbreak is coming to an end quickly, as the turning point is showing up for the infection numbers. The Chinese government also came up with stimulus actions to fight the negative impact on the economy. The market will compensate China-related companies and ETFs for fast recovery, which presents good opportunities for investors.
Coronavirus: Turning Point Is Showing Up in China
One month into the outbreak of the coronavirus, we start to see the turning point of the situation. More specifically:
The number of confirmed infections have been declining