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Tencent Ecosystem
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- 4017.769
- +76.112+1.93%
Close Oct 4 16:00 ET
4018.660High3923.882Low
3989.289Open3941.657Pre Close223.12MVolume16Rise40.35P/E (Static)8.52BTurnover--Flatline3.47%Turnover Ratio415.66BMarket Cap1Fall250.01BFloat Cap
Constituent Stocks: 17Top Rising: ZH+12.94%
In today's discussion, I would like to share with you some China ETFs
Without further ado, let's begin.
The Chinese stock market has lost $6 trillion
Lets not forget that this company reported poor earnings in the previous quarter, dropping from a price of about $145 to $90 within a span of a few days.
From the low level of $90, the China Stimulus would be expected to boost this company but not above their previous quarter results of $145.
Stimulus package by China could be useful but we may not be seeing the effects anytime soon, making the current stock price of $153 a little overvalued.
PT: $135
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