ADDING CHINA BEST OF BREEDS - BABA, BIDU, BZUN, GELYY
Added positions in China as I see strength in growing middle class/consumers.
- More attractive valuation than those in US.
- I believe there is more credibility in investing in China's blue-chips. I expect foreign institution $ to flow back to China.
- I am focusing on purchasing best companies in China in technology space.
- I like internet of things and I believe China is ahead of US in terms of utilizing mobile payment such as WeChat by Tencent. I wanted to begin adding positions prior to Tencent earning release next week on March 28, 2018.
- Only non-internet related company is GELYY. China's first global automaker. [wsj.com/articles/how-chinas-geely-turned-a-disassembled-mercedes-into-a-global-car-company-1520188109]
- No in-depth technical analysis was conducted as I plan to hold these investments for longer term. However, the overall China market and tech industry's monthly chart shows upside from here.
- I will be conducting more technical analysis for swing trading in another account and compare results.
Ref only - FXI: IShare China Large Cap
Ref only - KWEB: China tech exclude hardware
BABA:
BIDU:
BZUN:
GELYY: (This is only company that is not internet of things. China's #1 public automaker. Now owns Volvo.)
- More attractive valuation than those in US.
- I believe there is more credibility in investing in China's blue-chips. I expect foreign institution $ to flow back to China.
- I am focusing on purchasing best companies in China in technology space.
- I like internet of things and I believe China is ahead of US in terms of utilizing mobile payment such as WeChat by Tencent. I wanted to begin adding positions prior to Tencent earning release next week on March 28, 2018.
- Only non-internet related company is GELYY. China's first global automaker. [wsj.com/articles/how-chinas-geely-turned-a-disassembled-mercedes-into-a-global-car-company-1520188109]
- No in-depth technical analysis was conducted as I plan to hold these investments for longer term. However, the overall China market and tech industry's monthly chart shows upside from here.
- I will be conducting more technical analysis for swing trading in another account and compare results.
Ref only - FXI: IShare China Large Cap
Ref only - KWEB: China tech exclude hardware
BABA:
BIDU:
BZUN:
GELYY: (This is only company that is not internet of things. China's #1 public automaker. Now owns Volvo.)
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.