Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
Surging 50% back to life: Are Chinese stocks still uninvestable?
Views 296K Contents 397

A strong Buy!

Most Chinese stocks have plummeted 70-90% from their highs from just a year ago. Such a drop is unprecedented, even in times of recession. Compare that to the fact that
(1) Chinese economy remains stable and growing,
(2) many of the Chinese companies are continuing to record double or even triple digit annual records,
(3) trading at really cheap valuations compared to other companies with similar growth even after the recent rise,
(4) short covering has only just begun and the more it rise, the more people will be forced to buy back or be convinced that the bottom is here,
(5) stock markets' bottom are usually determined by government policy and intervention which in this case, the chinese government has provided the clearest signal.
Given all the above, BUY the right companies whenever there's a drop!
$Futu Holdings Ltd(FUTU.US)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
1
4
+0
1
Translate
Report
17K Views
Comment
Sign in to post a comment
61Followers
5Following
317Visitors
Follow