MHO is that next week will see the resumption of price increase for these gems for the following reasons:
1. FUD relating to the military exercise around Taiwan is over
2. Highly successful issue of convertible bond by $JD-SW (09618.HK)$ and $BABA-W (09988.HK)$
3. healthy correction of these gems since their recent run up in prices.
4. Better than expected ERs by JD, Baba, $BIDU-SW (09888.HK)$ and $PDD Holdings (PDD.US)$
5. Most economists' opinion that the Chinese economy will be better than previously predicted in view of these better than expected ERs.
6. retail sales of consumer goods increased +2.3% year-over-year (YoY) in April as YTD online retails sales increased +11.5%, accounting for 23.9% of total retail sales.
7. government official in China is focused on expanding e-commerce!![]()
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2. Highly successful issue of convertible bond by $JD-SW (09618.HK)$ and $BABA-W (09988.HK)$
3. healthy correction of these gems since their recent run up in prices.
4. Better than expected ERs by JD, Baba, $BIDU-SW (09888.HK)$ and $PDD Holdings (PDD.US)$
5. Most economists' opinion that the Chinese economy will be better than previously predicted in view of these better than expected ERs.
6. retail sales of consumer goods increased +2.3% year-over-year (YoY) in April as YTD online retails sales increased +11.5%, accounting for 23.9% of total retail sales.
7. government official in China is focused on expanding e-commerce!
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HH1000 : whats MHO
Kuries OP HH1000 : My Humble Opinion
933199333 : Accumulated