KBA - KBA: Still A Compelling Play On China's Market Revival
2024-05-08 14:19:25 ET
Summary
- China's fortunes have turned after the New Year.
- But even after the rally, valuations remain quite attractive.
- Mainland ETFs like KBA should do well.
The key Asian outperformer has been China, where investor sentiment seems to have finally turned, particularly for mainland listings (i.e., A-shares), since my last call on KraneShares' Bosera MSCI China A 50 Connect Index ETF ( KBA ) (see KBA: Poised To Benefit From A Chinese Dragon Year Turnaround ). Fundamentally, there hasn't been much earnings support for the move, nor have property prospects improved. Yet, China's trough-level valuation (historically and relative to global peers) appears to have been more than enough to drive its resilience through a period of global uncertainty....
KBA: Still A Compelling Play On China's Market Revival