Citigroup and UBS yelled together: China's stocks can buy bottoms

$Citigroup (C.US)$ Citigroup and UBS strategists pointed out in this week's report that the American depositary receipts (ADRs) of Chinese companies traded on the New York Stock Exchange and Nasdaq are "over-adjusted," and it may be time to start bargaining. Citigroup’s Alicia Yap said that the market is currently overestimating the corporate risks in China’s concept stocks. Yap also added: We believe that for those large depositary stocks that have been listed in Hong Kong, China and the United States, this sell-off is a good buying opportunity.