My youtube channel:
https://www.youtube.com/channel/UCAPWOEQKCpCWmzKkdo7v-iw
Well we all know that Evergrande debt saga has thrown the property developers in China into the limelight.
Non- Chinese Financial Media has been "slamming" that the China is going to undergo a big liquidity crisis triggered by the property markets. Shortly after Evergrande saga, Kaisa also reported potential liquidity issues. But we should know that there was once a SOE company default back in 2015/2016... During that time, China's stock market crashed badly with Shanghai and Shenzhen indexes suffered big haircut... I have produced a youtube video, of which the link is as follows:-
https://youtu.be/kk5cbPVjHeg
But this time round, the Chinese markets did not suffer and Renminbi did not depreciate. It even went on to appreciate strongly and head towards and breaching 6.4 going to 6.37 against USD... What a thing isnt it?
Now my prediction comes that China should come off unscathed... well at least China's funding still remains adequate and with vast foreign reserves and an appreciating RMB, China is doing well..
Whats more, with all the deleveraging that it has been doing for the past few years, US and Europe have been on liquidity "high" with lots of QE.. This has bought China alot of time and coming into last month of 2021 and heading into 2022, I saw a news that Premier Lee Keqiang of China has mentioned that there is a possibility for China to lower its rate!
This is a good news for businesses in China, particularly financials and even the hard tech and consumers. Whats more, I have also seen news that semiconductors firms are reducing the component prices for its buyers! Another good news for the Chinese hard tech manufactures, which sell products to the consumers.
Has Xiaomi truly bottomed out at 19 HKD? This is still pending to broad market conditions but I do think that as long as the support of 19 HKD can be supported, it can avoid a downleg and breaks back above 20 HKD... Even Haier Smarthome has been doing well this week, having broken above 30 HKD.
As always, the above should not be construed as any investment or trading advice.
$XIAOMI-W(01810.HK)$ $Haier Smart Home(600690.SH)$ $HAIER SMARTHOME(06690.HK)$ $GOME RETAIL(00493.HK)$ $Gree Electric Appliances,Inc.of Zhuhai(000651.SZ)$ $COUNTRY GARDEN(02007.HK)$ $CITIC SEC(06030.HK)$

$BEST Inc(BEST.US)$ One hundred years waiting for you to pass away

Country Garden Services: Company and its Purchases will not conduct any material asset acquisition or acquisition transactions with advantages of more than RMB200 million within 6 months.
Country Garden Services: Within six months, the Company, its subsidiaries, and Country Garden Group, an affiliate of the Company, are not expected to have significant asset sales or acquisition transactions worth more than RMB 200 million (whether individually or in combination), and will not place new shares on the open market.
$CG SERVICES(06098.HK)$

$Payoneer Global(PAYO.US)$ how not many picked this up yet.  Need time to accumulate this before the herd comes

Fantastico🚀🚀🚀 to the moomooland ( $Stevanato Group(STVN.US)$

$Eros STX(ESGC.US)$ It's about to break a new low, you're ruthless

The Hong Kong stock Apple concept stock extended its decline. Gaowei Electronics fell 5.25%, BYD Electronics fell 4.8%, and Qiutai Technology fell 2%.
Apple Concept in Hong Kong Falls more than 1% in Hong Kong on Wednesday after the Sept.14 Apple Event.
BYD Electronic -4.66%
Cowell e Holdings -5.25%
TK Group -3.13%
Q Technology -2.07%
AAC Tech -0.49%
  $Apple(AAPL.US)$ 
  $BYD ELECTRONIC(00285.HK)$ 
  $COWELL(01415.HK)$ 
  $Q TECH(01478.HK)$

$FEIYU(01022.HK)$ WOW, will it fly? Tencent buys 90 million shares

$Eros STX(ESGC.US)$ well down 60% few days today should bottom out & rise up 🙏