• 727727727 : I don't think the Activision/blizzard acquisition is totally priced into Microsoft yet.  That alone should offset their concerns of slower cloud growth (which I also don't think will materialize next quarter anyway!). Q3 and Q4 for MSFT ought to be great.  Mark my words.

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• ABCDWXYZ : bought already?

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• whqqq : I think $DouYu (DOYU.US)$ is below 1.5 as well.

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• intuitive Kraken_376 : Does it mean you can buy it if the stock price is underestimated

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• 103879451 intuitive Kraken_376 : It also depends on whether the company's fundamentals are likely to rise; once you've made a good choice, you can buy it

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• paladinsir : WSJ can be biased at times.https://tradingeconomics.com/china/loans-to-private-sector
  See for yourself. If no lockdowns, the loan sum to private sector is average. In fact, if western nations going to charge 4% interest, it may be worth it to loan from China and transfer overseas to fund operations

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• Jeff Boyd OP paladinsir : Believe an RMB loan from a PRC firm/person to a US person would violate capital controls but with the proper approvals there would be a good arguments to do so. Big exchange risks but one could probably hedge it away; would be interesting to see the cost of doing so.

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• paladinsir Jeff Boyd OP : No need to US, HKD is pegged to USD, to HKD will do. HK is part of a China, no capital control to HK

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• paladinsir : HK interest rate same as US interest rate because the HKD is pegged to USD, so can borrow from Chinese Banks through Lufax and deposit in HK bank

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• Jeff Boyd OP paladinsir : HK doesn't have much of anything to do with these companies. They are doing business in RMB. The decline in RMB relative to the USD translates directly into lower value for shareholders but the big risks are (1) PRC (excluding HK) has a bunch of loan defaults, (2) PRC changes policies applicable to loan facilitators, (3) businesses/individuals stop borrowing or (4) the banks stop buying the loans. There are other risks too such as a potential US or HK shareholder can now put their money in a bank and get 3-4% where a year ago they got practically nothing so they are less likely to buy shares in anything.

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