Im surprised the gap between tencent and alibaba is so big. For me Alibaba looks even more promising than tencent giving their edge on new technology/industries like AI, cloud etc.
Financial Markets Around World
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I think Tencent is evaluated like hyperscalers. Alibaba needs to scale out its cloud business and to scale up its AI business. In the long run, Alibaba is more of high tech than Tencent. The trick for Alibaba is to show numbers in quarterly results. I think it will take 2 or 3 years for BABA to catch up in valuation.
MOREPENLAB LTD is a sure fire long term investment that will recession proof your stock portfolio give the spate of recent PRC wins…
In october, which is soon.
Nice, have we received confirmation if there will be a HK listing?
Chinese Economics Thread
I predicted retaliation but against Boeing airliners. US has very little shipping interests that would be affected by these new rules. The prediction is to punish every other shipping that is not Chinese, and follows American rules. You must use Chinese shipping in China.
www.sinodefenceforum.com
Louis Vincent Gave said something interesting in that video linked above.
He is bullish on energy, something I do not like, and he said that if oil gets to around $85 bucks, then the gold rally could be over, at least for now.
His idea is that if anything bad happens, then the Fed will provide liquidity like always, unless they face policy constraints, which could be a high price of oil which is inflationary, which means it would be difficult to add liquidity in an inflationary environment. Since stocks and crypto and gold kind of move together nowadays, that is very interesting.
So we keep on eye on the oil market.
Didn't someone post in another thread that the Americans were moving bombers and tankers to the Middle East like how they did before when they bombed Iran?
The HSI is 27K and the all time high is 33K. However the target price set by banks at 27K this year.
Honestly speaking the time to buy was a few months back. Its possible for further growth but the world is rather unstable and its very easy to have a large drop.