Still trading Chinese stocks? (BABA,JD,Tencent)
With news that they might be delisted from US stock exchanges , are you guys still buying ? I am long on BABA looking at the numbers(EPS and revenue growth more that 45 % in the last 3-5 years ). It trades at a discount from its US counterparts like FB. PE is around 25 . If it weren't for all the regulation crap and the fact that some cayman island company is actually buying the stock when I buy it on a US exchange , I would bet the hell on it. #alibaba #stocks
They are not being delisted, just have to follow accounting regulations which most of the big companies like baba are already doing. Otherwise baba stock would have went down at least 50% on the news.
okay so are you buying them ?
I still own lots of baba stocks, and I just bought another 20-30k of baba stock just this Monday. China is a huge growing economy, will be a big regret to miss out on profits from it
I’m long on Tencent/Baba. I really like NetEase as well. I’m thinking that China’s belt and road project will grow their TAM into Africa and the Middle East
I havent looked at tencent yet. Do you think it has the similar growth potential as baba?
I think it does. Different industries
Okay i will look into it
Hell yea dump and pump, dump and pump baby.
Thanks for your useless comment
Tencent isn't listed on us stock exchanges.
It is. TCEHY
It's not. That's an ADR with a holding company in the Cayman Islands. The main listing is on the hkse. Even if that ADR gets delisted here it has no real impact on the actual exchange tencent is listed in.