- The swift rebound in several stocks demonstrated the difficulty of anticipating the share price movements in the short term.
- Despite the onslaught of debacles faced by Alibaba, no analyst has downgraded BABA stock to 'underperform' or 'sell'. A rape allegation at Alibaba saw outrage diverted to the tech sector.
- BEKE stock underwent roller coaster moves post results in a repeat of May. The second quarter results beat on revenue but missed on earnings. Executives issued downbeat third quarter guidance despite sounding defiant.
- Analysts slashed KE Holdings' earnings forecasts for the next few years but projected a doubling in earnings for 2022 off a diminished base.
- China has embraced capitalism and is expected to continue doing so to attract foreign investments to fulfill its goals but beware of rotating into crowded trades.
For further details see:
Chinese Internet Stocks: Still An Enigma But Downside Appears Limited