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Summary After a few mediocre quarters for Tencent, the company had to report once again declining revenue as well as declining operating income in the third quarter. But over the long run, Tencent should be able to grow in all segments. Aside from using share buybacks in the third q...
Summary China is seeing another COVID spike. This may lead to a scale back of its economy reopening plan. The SPDR GXC China ETF looks relatively worse positioned vs MCHI, possibly driven by higher exposure to lockdown sensitive sectors. My technical analysis view using the Trend Fl...
Summary After seven consecutive quarters of losses, Meituan has returned to the black. As the leading food delivery player, Meituan is positioned to benefit from market expansion as incomes rise. Travel demand is recovering, a positive near term trend for Meituan, a leading OTA play...
Summary As China lifts COVID restrictions, the chips are in place for a bullish turnaround of its equity index. My technical analysis assessment using the flow, location, and trap points of view shows that iShares MSCI China ETF is poised to generate absolute returns and outperform the ...
Summary President Xi has safely secured his "precedent-breaking" third term as the Chinese Communist Party's ruling leader, alongside a newly appointed Politburo Standing Committee composed of his most-trusted associates. In addition to bolstering China's influence on the global s...
Summary Meituan poached Tony Qiu, head of international business at Kuaishou Technology, in July this year, to pave the way for overseas expansion, and Hong Kong seems the best starting point. DBS projects an adjusted annual net profit of around 3 billion yuan for the company this...
Summary There are valid reasons for JPMorgan's recent (but later withdrawn) warning that Chinese internet companies are 'uninvestable'. Investors with exposure to Chinese equities should consider cutting losses given that China's long-term growth story is beginning to look elusive...
Summary Alibaba stock is once again clouded by an extremely fearful outlook, with the stock trading again in the mid-70s. The last time Alibaba traded at similar levels (in mid-March), the stock aggressively rebounded by nearly 70% in the blink of one trading week. Reflecting ...
Summary It is challenging times for Meituan, as China sticks to a COVID-zero approach, and economic growth isn't as strong a priority for the country as it was in the past. The consensus financial projections for Meituan indicate that the company's 2023 business outlook isn't grea...
Summary China tech stocks have demonstrated some relative strength lately after bottoming in March. Once extremely highly priced, KWEB's P/E is not unreasonable given the forecast earnings growth. The technical picture remains somewhat negative. China stocks have out...
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2023-04-25 10:05:00 ET When asked about Chinese technology stocks, most investors will come back with names like Alibaba , Tencent , and JD.com . But other worthy companies can still make it onto investors' radars. One of these lesser-known but very well-established Chinese ...