2024-05-20 13:17:08 ET
Summary
- 2024 could be the year of awakening for the Chinese economy, with the government taking steps to reinvigorate it.
- Despite risks and depressed sentiment, KWEB has outperformed its peers and has an attractive valuation and growth potential.
- The Chinese e-commerce market is expected to grow for the first time in 3 years, by a robust 17% this year. A majority of KWEB's assets are deployed in e-commerce.
- The Chinese economy delivered a surprise beat in Q1 GDP, growing 5.3%, above the 4.8% consensus estimates, further adding to my contrarian thesis.
Investment Thesis
2024 is said to be the Year of the Dragon . In Chinese culture, the dragon is a highly auspicious symbol, revered, and known to be a symbol of fortune....
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KWEB: The Year The Dragon Awakes As The Contrarian