Not personally no. Not quite cheap enough and growth has been a bit dissapointing. Decent chance it will still outperform though as it trades at an undemanding 8-10x 2024 earnings.
But feel free to ignore what I own personally, lately what I think is a high conviction idea has been a mediocre predictor.
I don't really know whether you should still buy Chinese shares. Over the last 30 years, Chinese equities have actually performed close to zero, including Hong Kong's stock market after the takeover of China. Socialism is obviously bad for these companies. If China attacks Taiwan, these stocks will be gone anyway.
Yes, I agree. But now it is no longer possible to buy smaller Chinese stocks (from the West). I am not sure if this will limit the upside as there are not as many buyers.
Thanks for sharing, all thought provoking ideas :)
great stuff thanks, are you still long currency exchange?
Not personally no. Not quite cheap enough and growth has been a bit dissapointing. Decent chance it will still outperform though as it trades at an undemanding 8-10x 2024 earnings.
But feel free to ignore what I own personally, lately what I think is a high conviction idea has been a mediocre predictor.
I don't really know whether you should still buy Chinese shares. Over the last 30 years, Chinese equities have actually performed close to zero, including Hong Kong's stock market after the takeover of China. Socialism is obviously bad for these companies. If China attacks Taiwan, these stocks will be gone anyway.
it was a great 👍 contrarian signal!
Yeah that comment basically summed up the consensus that was reflected in Chinese equity prices.
Yes, I agree. But now it is no longer possible to buy smaller Chinese stocks (from the West). I am not sure if this will limit the upside as there are not as many buyers.
I think you can still buy it with some brokers. I think Saxo still allows them to be bought. Not 100% sure.
Also as they grow and earnings improve, liquidity will improve that will cause the shares to become buyable again on IBKR.