Rout in China Tech Shares Is a Buying Opportunity for Some

Bloomberg2021-03-29

(Bloomberg) -- The massive selloff in U.S.-listed shares of Chinese technology companies isn’t linked to their fundamentals and makes for a bigger buying opportunity, according to Citigroup Inc. The ...

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Comments

Happytrooper
2021-03-29
Happytrooper
Baidu
Ryuhahaha
2021-03-29
Ryuhahaha
Still lot of room for growtg
- DJBoy:
  Can buy somemore to average down
erichosk
2021-03-29
erichosk
Yeah!
Daniel Tay
2021-03-29
Daniel Tay
Hopefully the header is truth!!
WealthyKitty
2021-03-29
WealthyKitty
Fingers crossed
JeremiahWoon
2021-03-29
JeremiahWoon
I believe so

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Gary Dugan, chief executive officer at the Global CIO Office in Singapore, echoed Citi’s views.\n“While we are not sure whether the huge volatility of share price movement of many technology stocks during the last few days could trigger more forced selling pressure or de-risk selling sentiment from other funds in the next few days, we do believe and are reassured that none of the sell-down is fundamental related,” Citi analysts including Alicia Yap wrote in a note.\nThe comments come after Friday’s unprecedented selling in some U.S. stocks ranging from Chinese technology giants to American media conglomerates by the family office of former Tiger Management trader Bill Hwang. The firm, Archegos Capital Management, was forced by its banks to sell more than $20 billion worth of shares after some positions moved against Hwang, according to two people directly familiar with the trades.\nTechnical, Exaggerated\n“We would look at the selloff as technical and exaggerated and hence a long-term buying opportunity,” said Dugan of Global CIO Office.\nTencent Music, whose ADRs slumped 37% in the last three sessions, announced a $1 billion share buyback on Monday. Baidu has approximately $2.78 billion outstanding share repurchase programs that it could use for buying back the shares, Citi analysts wrote in a note.\n“Baidu’s growth outlook remains promising,” they wrote.\nCiti’s price target of $364 on Baidu’s ADRs implies a potential upside of about 75% from Friday’s close.\nBaidu’s stock, which made its debut in Hong Kong last week, slid 4.5% as of 11:15 a.m. local time, adding to its 5.6% loss from Friday. 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Gary Dugan, chief executive officer at the Global CIO Office in Singapore, echoed Citi’s views.</p>\n<p>“While we are not sure whether the huge volatility of share price movement of many technology stocks during the last few days could trigger more forced selling pressure or de-risk selling sentiment from other funds in the next few days, we do believe and are reassured that none of the sell-down is fundamental related,” Citi analysts including Alicia Yap wrote in a note.</p>\n<p>The comments come after Friday’s unprecedented selling in some U.S. stocks ranging from Chinese technology giants to American media conglomerates by the family office of former Tiger Management trader Bill Hwang. The firm, Archegos Capital Management, was forced by its banks to sell more than $20 billion worth of shares after some positions moved against Hwang, according to two people directly familiar with the trades.</p>\n<p>Technical, Exaggerated</p>\n<p>“We would look at the selloff as technical and exaggerated and hence a long-term buying opportunity,” said Dugan of Global CIO Office.</p>\n<p>Tencent Music, whose ADRs slumped 37% in the last three sessions, announced a $1 billion share buyback on Monday. Baidu has approximately $2.78 billion outstanding share repurchase programs that it could use for buying back the shares, Citi analysts wrote in a note.</p>\n<p>“Baidu’s growth outlook remains promising,” they wrote.</p>\n<p>Citi’s price target of $364 on Baidu’s ADRs implies a potential upside of about 75% from Friday’s close.</p>\n<p>Baidu’s stock, which made its debut in Hong Kong last week, slid 4.5% as of 11:15 a.m. local time, adding to its 5.6% loss from Friday. A measure of tech shares was down 0.9% even as the benchmark Hang Seng Index traded higher.</p>\n<p>“We bought some Baidu shares in Hong Kong last Friday,” said Paul Pong, managing director at Pegasus Fund Managers Ltd. in Hong Kong. “The valuation has turned very attractive. Shares have hit a near-term bottom since the drop has nothing to do with fundamentals. It has earnings growth and the momentum is not bad. It’s the best tech stock to hold if you want to get exposure to the concept of auto-driving.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rout in China Tech Shares Is a Buying Opportunity for Some</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRout in China Tech Shares Is a Buying Opportunity for Some\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 14:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/rout-china-tech-shares-boosts-011849377.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The massive selloff in U.S.-listed shares of Chinese technology companies isn’t linked to their fundamentals and makes for a bigger buying opportunity, according to Citigroup Inc.\nThe ...</p>\n\n<a href=\"https://finance.yahoo.com/news/rout-china-tech-shares-boosts-011849377.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a82005fdd5a20870413111b3adc1a547","relate_stocks":{"BIDU":"百度","09888":"百度集团-SW","TME":"腾讯音乐"},"source_url":"https://finance.yahoo.com/news/rout-china-tech-shares-boosts-011849377.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138514096","content_text":"(Bloomberg) -- The massive selloff in U.S.-listed shares of Chinese technology companies isn’t linked to their fundamentals and makes for a bigger buying opportunity, according to Citigroup Inc.\nThe brokerage reiterated buy ratings on Baidu Inc., Tencent Music Entertainment Group and Vipshop Holdings Ltd. following what it called an “unfortunate dislocation” of their share prices. Gary Dugan, chief executive officer at the Global CIO Office in Singapore, echoed Citi’s views.\n“While we are not sure whether the huge volatility of share price movement of many technology stocks during the last few days could trigger more forced selling pressure or de-risk selling sentiment from other funds in the next few days, we do believe and are reassured that none of the sell-down is fundamental related,” Citi analysts including Alicia Yap wrote in a note.\nThe comments come after Friday’s unprecedented selling in some U.S. stocks ranging from Chinese technology giants to American media conglomerates by the family office of former Tiger Management trader Bill Hwang. The firm, Archegos Capital Management, was forced by its banks to sell more than $20 billion worth of shares after some positions moved against Hwang, according to two people directly familiar with the trades.\nTechnical, Exaggerated\n“We would look at the selloff as technical and exaggerated and hence a long-term buying opportunity,” said Dugan of Global CIO Office.\nTencent Music, whose ADRs slumped 37% in the last three sessions, announced a $1 billion share buyback on Monday. Baidu has approximately $2.78 billion outstanding share repurchase programs that it could use for buying back the shares, Citi analysts wrote in a note.\n“Baidu’s growth outlook remains promising,” they wrote.\nCiti’s price target of $364 on Baidu’s ADRs implies a potential upside of about 75% from Friday’s close.\nBaidu’s stock, which made its debut in Hong Kong last week, slid 4.5% as of 11:15 a.m. local time, adding to its 5.6% loss from Friday. A measure of tech shares was down 0.9% even as the benchmark Hang Seng Index traded higher.\n“We bought some Baidu shares in Hong Kong last Friday,” said Paul Pong, managing director at Pegasus Fund Managers Ltd. in Hong Kong. “The valuation has turned very attractive. Shares have hit a near-term bottom since the drop has nothing to do with fundamentals. It has earnings growth and the momentum is not bad. It’s the best tech stock to hold if you want to get exposure to the concept of auto-driving.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":352788359,"gmtCreate":1617005311171,"gmtModify":1704800693392,"author":{"id":"3574628824785575","authorId":"3574628824785575","name":"Ryuhahaha","avatar":"https://static.tigerbbs.com/f120e9ade7d1ea48fc6c818e3b76edbb","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3574628824785575","authorIdStr":"3574628824785575"},"htmlText":"Still lot of room for growtg","listText":"Still lot of room for growtg","text":"Still lot of room for growtg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/352788359","repostId":1138514096,"repostType":4,"repost":{"id":"1138514096","pubTimestamp":1617000867,"share":"https://ttm.financial/m/news/1138514096?lang=&edition=fundamental","pubTime":"2021-03-29 14:54","market":"us","language":"en","title":"Rout in China Tech Shares Is a Buying Opportunity for Some","url":"https://stock-news.laohu8.com/highlight/detail?id=1138514096","media":"Bloomberg","summary":"(Bloomberg) -- The massive selloff in U.S.-listed shares of Chinese technology companies isn’t linke","content":"<p>(Bloomberg) -- The massive selloff in U.S.-listed shares of Chinese technology companies isn’t linked to their fundamentals and makes for a bigger buying opportunity, according to Citigroup Inc.</p>\n<p>The brokerage reiterated buy ratings on Baidu Inc., Tencent Music Entertainment Group and Vipshop Holdings Ltd. following what it called an “unfortunate dislocation” of their share prices. Gary Dugan, chief executive officer at the Global CIO Office in Singapore, echoed Citi’s views.</p>\n<p>“While we are not sure whether the huge volatility of share price movement of many technology stocks during the last few days could trigger more forced selling pressure or de-risk selling sentiment from other funds in the next few days, we do believe and are reassured that none of the sell-down is fundamental related,” Citi analysts including Alicia Yap wrote in a note.</p>\n<p>The comments come after Friday’s unprecedented selling in some U.S. stocks ranging from Chinese technology giants to American media conglomerates by the family office of former Tiger Management trader Bill Hwang. The firm, Archegos Capital Management, was forced by its banks to sell more than $20 billion worth of shares after some positions moved against Hwang, according to two people directly familiar with the trades.</p>\n<p>Technical, Exaggerated</p>\n<p>“We would look at the selloff as technical and exaggerated and hence a long-term buying opportunity,” said Dugan of Global CIO Office.</p>\n<p>Tencent Music, whose ADRs slumped 37% in the last three sessions, announced a $1 billion share buyback on Monday. Baidu has approximately $2.78 billion outstanding share repurchase programs that it could use for buying back the shares, Citi analysts wrote in a note.</p>\n<p>“Baidu’s growth outlook remains promising,” they wrote.</p>\n<p>Citi’s price target of $364 on Baidu’s ADRs implies a potential upside of about 75% from Friday’s close.</p>\n<p>Baidu’s stock, which made its debut in Hong Kong last week, slid 4.5% as of 11:15 a.m. local time, adding to its 5.6% loss from Friday. A measure of tech shares was down 0.9% even as the benchmark Hang Seng Index traded higher.</p>\n<p>“We bought some Baidu shares in Hong Kong last Friday,” said Paul Pong, managing director at Pegasus Fund Managers Ltd. in Hong Kong. “The valuation has turned very attractive. Shares have hit a near-term bottom since the drop has nothing to do with fundamentals. It has earnings growth and the momentum is not bad. It’s the best tech stock to hold if you want to get exposure to the concept of auto-driving.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rout in China Tech Shares Is a Buying Opportunity for Some</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRout in China Tech Shares Is a Buying Opportunity for Some\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 14:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/rout-china-tech-shares-boosts-011849377.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The massive selloff in U.S.-listed shares of Chinese technology companies isn’t linked to their fundamentals and makes for a bigger buying opportunity, according to Citigroup Inc.\nThe ...</p>\n\n<a href=\"https://finance.yahoo.com/news/rout-china-tech-shares-boosts-011849377.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a82005fdd5a20870413111b3adc1a547","relate_stocks":{"BIDU":"百度","09888":"百度集团-SW","TME":"腾讯音乐"},"source_url":"https://finance.yahoo.com/news/rout-china-tech-shares-boosts-011849377.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138514096","content_text":"(Bloomberg) -- The massive selloff in U.S.-listed shares of Chinese technology companies isn’t linked to their fundamentals and makes for a bigger buying opportunity, according to Citigroup Inc.\nThe brokerage reiterated buy ratings on Baidu Inc., Tencent Music Entertainment Group and Vipshop Holdings Ltd. following what it called an “unfortunate dislocation” of their share prices. Gary Dugan, chief executive officer at the Global CIO Office in Singapore, echoed Citi’s views.\n“While we are not sure whether the huge volatility of share price movement of many technology stocks during the last few days could trigger more forced selling pressure or de-risk selling sentiment from other funds in the next few days, we do believe and are reassured that none of the sell-down is fundamental related,” Citi analysts including Alicia Yap wrote in a note.\nThe comments come after Friday’s unprecedented selling in some U.S. stocks ranging from Chinese technology giants to American media conglomerates by the family office of former Tiger Management trader Bill Hwang. The firm, Archegos Capital Management, was forced by its banks to sell more than $20 billion worth of shares after some positions moved against Hwang, according to two people directly familiar with the trades.\nTechnical, Exaggerated\n“We would look at the selloff as technical and exaggerated and hence a long-term buying opportunity,” said Dugan of Global CIO Office.\nTencent Music, whose ADRs slumped 37% in the last three sessions, announced a $1 billion share buyback on Monday. Baidu has approximately $2.78 billion outstanding share repurchase programs that it could use for buying back the shares, Citi analysts wrote in a note.\n“Baidu’s growth outlook remains promising,” they wrote.\nCiti’s price target of $364 on Baidu’s ADRs implies a potential upside of about 75% from Friday’s close.\nBaidu’s stock, which made its debut in Hong Kong last week, slid 4.5% as of 11:15 a.m. local time, adding to its 5.6% loss from Friday. A measure of tech shares was down 0.9% even as the benchmark Hang Seng Index traded higher.\n“We bought some Baidu shares in Hong Kong last Friday,” said Paul Pong, managing director at Pegasus Fund Managers Ltd. in Hong Kong. “The valuation has turned very attractive. Shares have hit a near-term bottom since the drop has nothing to do with fundamentals. It has earnings growth and the momentum is not bad. It’s the best tech stock to hold if you want to get exposure to the concept of auto-driving.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3911653,"gmtCreate":1617011006025,"gmtModify":1680782157588,"authorId":3578917676674127,"author":{"id":3578917676674127,"idStr":"3578917676674127","authorId":3578917676674127,"name":"DJBoy","avatar":"https://static.tigerbbs.com/e89ddb65fea14052b67a417c63273930","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"93.18%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":8,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":352788359,"type":1,"supId":0,"prevId":0,"content":"Can buy somemore to average down","text":"Can buy somemore to average down","html":"Can buy somemore to average down"}],"langContent":"EN"},{"id":352736354,"gmtCreate":1617003148578,"gmtModify":1704800666290,"author":{"id":"3575433293784452","authorId":"3575433293784452","name":"erichosk","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":1,"crmLevelSwitch":0,"idStr":"3575433293784452","authorIdStr":"3575433293784452"},"htmlText":"Yeah!","listText":"Yeah!","text":"Yeah!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/352736354","repostId":1138514096,"repostType":4,"repost":{"id":"1138514096","pubTimestamp":1617000867,"share":"https://ttm.financial/m/news/1138514096?lang=&edition=fundamental","pubTime":"2021-03-29 14:54","market":"us","language":"en","title":"Rout in China Tech Shares Is a Buying Opportunity for Some","url":"https://stock-news.laohu8.com/highlight/detail?id=1138514096","media":"Bloomberg","summary":"(Bloomberg) -- The massive selloff in U.S.-listed shares of Chinese technology companies isn’t linke","content":"<p>(Bloomberg) -- The massive selloff in U.S.-listed shares of Chinese technology companies isn’t linked to their fundamentals and makes for a bigger buying opportunity, according to Citigroup Inc.</p>\n<p>The brokerage reiterated buy ratings on Baidu Inc., Tencent Music Entertainment Group and Vipshop Holdings Ltd. following what it called an “unfortunate dislocation” of their share prices. Gary Dugan, chief executive officer at the Global CIO Office in Singapore, echoed Citi’s views.</p>\n<p>“While we are not sure whether the huge volatility of share price movement of many technology stocks during the last few days could trigger more forced selling pressure or de-risk selling sentiment from other funds in the next few days, we do believe and are reassured that none of the sell-down is fundamental related,” Citi analysts including Alicia Yap wrote in a note.</p>\n<p>The comments come after Friday’s unprecedented selling in some U.S. stocks ranging from Chinese technology giants to American media conglomerates by the family office of former Tiger Management trader Bill Hwang. The firm, Archegos Capital Management, was forced by its banks to sell more than $20 billion worth of shares after some positions moved against Hwang, according to two people directly familiar with the trades.</p>\n<p>Technical, Exaggerated</p>\n<p>“We would look at the selloff as technical and exaggerated and hence a long-term buying opportunity,” said Dugan of Global CIO Office.</p>\n<p>Tencent Music, whose ADRs slumped 37% in the last three sessions, announced a $1 billion share buyback on Monday. Baidu has approximately $2.78 billion outstanding share repurchase programs that it could use for buying back the shares, Citi analysts wrote in a note.</p>\n<p>“Baidu’s growth outlook remains promising,” they wrote.</p>\n<p>Citi’s price target of $364 on Baidu’s ADRs implies a potential upside of about 75% from Friday’s close.</p>\n<p>Baidu’s stock, which made its debut in Hong Kong last week, slid 4.5% as of 11:15 a.m. local time, adding to its 5.6% loss from Friday. A measure of tech shares was down 0.9% even as the benchmark Hang Seng Index traded higher.</p>\n<p>“We bought some Baidu shares in Hong Kong last Friday,” said Paul Pong, managing director at Pegasus Fund Managers Ltd. in Hong Kong. “The valuation has turned very attractive. Shares have hit a near-term bottom since the drop has nothing to do with fundamentals. It has earnings growth and the momentum is not bad. It’s the best tech stock to hold if you want to get exposure to the concept of auto-driving.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rout in China Tech Shares Is a Buying Opportunity for Some</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRout in China Tech Shares Is a Buying Opportunity for Some\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 14:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/rout-china-tech-shares-boosts-011849377.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The massive selloff in U.S.-listed shares of Chinese technology companies isn’t linked to their fundamentals and makes for a bigger buying opportunity, according to Citigroup Inc.\nThe ...</p>\n\n<a href=\"https://finance.yahoo.com/news/rout-china-tech-shares-boosts-011849377.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a82005fdd5a20870413111b3adc1a547","relate_stocks":{"BIDU":"百度","09888":"百度集团-SW","TME":"腾讯音乐"},"source_url":"https://finance.yahoo.com/news/rout-china-tech-shares-boosts-011849377.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138514096","content_text":"(Bloomberg) -- The massive selloff in U.S.-listed shares of Chinese technology companies isn’t linked to their fundamentals and makes for a bigger buying opportunity, according to Citigroup Inc.\nThe brokerage reiterated buy ratings on Baidu Inc., Tencent Music Entertainment Group and Vipshop Holdings Ltd. following what it called an “unfortunate dislocation” of their share prices. Gary Dugan, chief executive officer at the Global CIO Office in Singapore, echoed Citi’s views.\n“While we are not sure whether the huge volatility of share price movement of many technology stocks during the last few days could trigger more forced selling pressure or de-risk selling sentiment from other funds in the next few days, we do believe and are reassured that none of the sell-down is fundamental related,” Citi analysts including Alicia Yap wrote in a note.\nThe comments come after Friday’s unprecedented selling in some U.S. stocks ranging from Chinese technology giants to American media conglomerates by the family office of former Tiger Management trader Bill Hwang. The firm, Archegos Capital Management, was forced by its banks to sell more than $20 billion worth of shares after some positions moved against Hwang, according to two people directly familiar with the trades.\nTechnical, Exaggerated\n“We would look at the selloff as technical and exaggerated and hence a long-term buying opportunity,” said Dugan of Global CIO Office.\nTencent Music, whose ADRs slumped 37% in the last three sessions, announced a $1 billion share buyback on Monday. Baidu has approximately $2.78 billion outstanding share repurchase programs that it could use for buying back the shares, Citi analysts wrote in a note.\n“Baidu’s growth outlook remains promising,” they wrote.\nCiti’s price target of $364 on Baidu’s ADRs implies a potential upside of about 75% from Friday’s close.\nBaidu’s stock, which made its debut in Hong Kong last week, slid 4.5% as of 11:15 a.m. local time, adding to its 5.6% loss from Friday. A measure of tech shares was down 0.9% even as the benchmark Hang Seng Index traded higher.\n“We bought some Baidu shares in Hong Kong last Friday,” said Paul Pong, managing director at Pegasus Fund Managers Ltd. in Hong Kong. “The valuation has turned very attractive. Shares have hit a near-term bottom since the drop has nothing to do with fundamentals. It has earnings growth and the momentum is not bad. It’s the best tech stock to hold if you want to get exposure to the concept of auto-driving.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":352730029,"gmtCreate":1617002761961,"gmtModify":1704800660140,"author":{"id":"3573623220650432","authorId":"3573623220650432","name":"Daniel Tay","avatar":"https://static.tigerbbs.com/084a34a7e85f0f077a0253b0ee1a1dbc","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":1,"idStr":"3573623220650432","authorIdStr":"3573623220650432"},"htmlText":"Hopefully the header is truth!!&nbsp;","listText":"Hopefully the header is truth!!&nbsp;","text":"Hopefully the header is truth!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/352730029","repostId":1138514096,"repostType":4,"repost":{"id":"1138514096","pubTimestamp":1617000867,"share":"https://ttm.financial/m/news/1138514096?lang=&edition=fundamental","pubTime":"2021-03-29 14:54","market":"us","language":"en","title":"Rout in China Tech Shares Is a Buying Opportunity for Some","url":"https://stock-news.laohu8.com/highlight/detail?id=1138514096","media":"Bloomberg","summary":"(Bloomberg) -- The massive selloff in U.S.-listed shares of Chinese technology companies isn’t linke","content":"<p>(Bloomberg) -- The massive selloff in U.S.-listed shares of Chinese technology companies isn’t linked to their fundamentals and makes for a bigger buying opportunity, according to Citigroup Inc.</p>\n<p>The brokerage reiterated buy ratings on Baidu Inc., Tencent Music Entertainment Group and Vipshop Holdings Ltd. following what it called an “unfortunate dislocation” of their share prices. Gary Dugan, chief executive officer at the Global CIO Office in Singapore, echoed Citi’s views.</p>\n<p>“While we are not sure whether the huge volatility of share price movement of many technology stocks during the last few days could trigger more forced selling pressure or de-risk selling sentiment from other funds in the next few days, we do believe and are reassured that none of the sell-down is fundamental related,” Citi analysts including Alicia Yap wrote in a note.</p>\n<p>The comments come after Friday’s unprecedented selling in some U.S. stocks ranging from Chinese technology giants to American media conglomerates by the family office of former Tiger Management trader Bill Hwang. The firm, Archegos Capital Management, was forced by its banks to sell more than $20 billion worth of shares after some positions moved against Hwang, according to two people directly familiar with the trades.</p>\n<p>Technical, Exaggerated</p>\n<p>“We would look at the selloff as technical and exaggerated and hence a long-term buying opportunity,” said Dugan of Global CIO Office.</p>\n<p>Tencent Music, whose ADRs slumped 37% in the last three sessions, announced a $1 billion share buyback on Monday. Baidu has approximately $2.78 billion outstanding share repurchase programs that it could use for buying back the shares, Citi analysts wrote in a note.</p>\n<p>“Baidu’s growth outlook remains promising,” they wrote.</p>\n<p>Citi’s price target of $364 on Baidu’s ADRs implies a potential upside of about 75% from Friday’s close.</p>\n<p>Baidu’s stock, which made its debut in Hong Kong last week, slid 4.5% as of 11:15 a.m. local time, adding to its 5.6% loss from Friday. A measure of tech shares was down 0.9% even as the benchmark Hang Seng Index traded higher.</p>\n<p>“We bought some Baidu shares in Hong Kong last Friday,” said Paul Pong, managing director at Pegasus Fund Managers Ltd. in Hong Kong. “The valuation has turned very attractive. Shares have hit a near-term bottom since the drop has nothing to do with fundamentals. It has earnings growth and the momentum is not bad. It’s the best tech stock to hold if you want to get exposure to the concept of auto-driving.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rout in China Tech Shares Is a Buying Opportunity for Some</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRout in China Tech Shares Is a Buying Opportunity for Some\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 14:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/rout-china-tech-shares-boosts-011849377.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The massive selloff in U.S.-listed shares of Chinese technology companies isn’t linked to their fundamentals and makes for a bigger buying opportunity, according to Citigroup Inc.\nThe ...</p>\n\n<a href=\"https://finance.yahoo.com/news/rout-china-tech-shares-boosts-011849377.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a82005fdd5a20870413111b3adc1a547","relate_stocks":{"BIDU":"百度","09888":"百度集团-SW","TME":"腾讯音乐"},"source_url":"https://finance.yahoo.com/news/rout-china-tech-shares-boosts-011849377.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138514096","content_text":"(Bloomberg) -- The massive selloff in U.S.-listed shares of Chinese technology companies isn’t linked to their fundamentals and makes for a bigger buying opportunity, according to Citigroup Inc.\nThe brokerage reiterated buy ratings on Baidu Inc., Tencent Music Entertainment Group and Vipshop Holdings Ltd. following what it called an “unfortunate dislocation” of their share prices. Gary Dugan, chief executive officer at the Global CIO Office in Singapore, echoed Citi’s views.\n“While we are not sure whether the huge volatility of share price movement of many technology stocks during the last few days could trigger more forced selling pressure or de-risk selling sentiment from other funds in the next few days, we do believe and are reassured that none of the sell-down is fundamental related,” Citi analysts including Alicia Yap wrote in a note.\nThe comments come after Friday’s unprecedented selling in some U.S. stocks ranging from Chinese technology giants to American media conglomerates by the family office of former Tiger Management trader Bill Hwang. The firm, Archegos Capital Management, was forced by its banks to sell more than $20 billion worth of shares after some positions moved against Hwang, according to two people directly familiar with the trades.\nTechnical, Exaggerated\n“We would look at the selloff as technical and exaggerated and hence a long-term buying opportunity,” said Dugan of Global CIO Office.\nTencent Music, whose ADRs slumped 37% in the last three sessions, announced a $1 billion share buyback on Monday. Baidu has approximately $2.78 billion outstanding share repurchase programs that it could use for buying back the shares, Citi analysts wrote in a note.\n“Baidu’s growth outlook remains promising,” they wrote.\nCiti’s price target of $364 on Baidu’s ADRs implies a potential upside of about 75% from Friday’s close.\nBaidu’s stock, which made its debut in Hong Kong last week, slid 4.5% as of 11:15 a.m. local time, adding to its 5.6% loss from Friday. A measure of tech shares was down 0.9% even as the benchmark Hang Seng Index traded higher.\n“We bought some Baidu shares in Hong Kong last Friday,” said Paul Pong, managing director at Pegasus Fund Managers Ltd. in Hong Kong. “The valuation has turned very attractive. Shares have hit a near-term bottom since the drop has nothing to do with fundamentals. It has earnings growth and the momentum is not bad. It’s the best tech stock to hold if you want to get exposure to the concept of auto-driving.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":352792455,"gmtCreate":1617002199777,"gmtModify":1704800656418,"author":{"id":"3575024526885711","authorId":"3575024526885711","name":"WealthyKitty","avatar":"https://community-static.tradeup.com/news/c2f3d6e51cfe134f5ee2524525692a21","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":8,"crmLevelSwitch":1,"idStr":"3575024526885711","authorIdStr":"3575024526885711"},"htmlText":"Fingers crossed","listText":"Fingers crossed","text":"Fingers crossed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/352792455","repostId":1138514096,"repostType":4,"repost":{"id":"1138514096","pubTimestamp":1617000867,"share":"https://ttm.financial/m/news/1138514096?lang=&edition=fundamental","pubTime":"2021-03-29 14:54","market":"us","language":"en","title":"Rout in China Tech Shares Is a Buying Opportunity for Some","url":"https://stock-news.laohu8.com/highlight/detail?id=1138514096","media":"Bloomberg","summary":"(Bloomberg) -- The massive selloff in U.S.-listed shares of Chinese technology companies isn’t linke","content":"<p>(Bloomberg) -- The massive selloff in U.S.-listed shares of Chinese technology companies isn’t linked to their fundamentals and makes for a bigger buying opportunity, according to Citigroup Inc.</p>\n<p>The brokerage reiterated buy ratings on Baidu Inc., Tencent Music Entertainment Group and Vipshop Holdings Ltd. following what it called an “unfortunate dislocation” of their share prices. Gary Dugan, chief executive officer at the Global CIO Office in Singapore, echoed Citi’s views.</p>\n<p>“While we are not sure whether the huge volatility of share price movement of many technology stocks during the last few days could trigger more forced selling pressure or de-risk selling sentiment from other funds in the next few days, we do believe and are reassured that none of the sell-down is fundamental related,” Citi analysts including Alicia Yap wrote in a note.</p>\n<p>The comments come after Friday’s unprecedented selling in some U.S. stocks ranging from Chinese technology giants to American media conglomerates by the family office of former Tiger Management trader Bill Hwang. The firm, Archegos Capital Management, was forced by its banks to sell more than $20 billion worth of shares after some positions moved against Hwang, according to two people directly familiar with the trades.</p>\n<p>Technical, Exaggerated</p>\n<p>“We would look at the selloff as technical and exaggerated and hence a long-term buying opportunity,” said Dugan of Global CIO Office.</p>\n<p>Tencent Music, whose ADRs slumped 37% in the last three sessions, announced a $1 billion share buyback on Monday. Baidu has approximately $2.78 billion outstanding share repurchase programs that it could use for buying back the shares, Citi analysts wrote in a note.</p>\n<p>“Baidu’s growth outlook remains promising,” they wrote.</p>\n<p>Citi’s price target of $364 on Baidu’s ADRs implies a potential upside of about 75% from Friday’s close.</p>\n<p>Baidu’s stock, which made its debut in Hong Kong last week, slid 4.5% as of 11:15 a.m. local time, adding to its 5.6% loss from Friday. A measure of tech shares was down 0.9% even as the benchmark Hang Seng Index traded higher.</p>\n<p>“We bought some Baidu shares in Hong Kong last Friday,” said Paul Pong, managing director at Pegasus Fund Managers Ltd. in Hong Kong. “The valuation has turned very attractive. Shares have hit a near-term bottom since the drop has nothing to do with fundamentals. It has earnings growth and the momentum is not bad. It’s the best tech stock to hold if you want to get exposure to the concept of auto-driving.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rout in China Tech Shares Is a Buying Opportunity for Some</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRout in China Tech Shares Is a Buying Opportunity for Some\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 14:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/rout-china-tech-shares-boosts-011849377.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The massive selloff in U.S.-listed shares of Chinese technology companies isn’t linked to their fundamentals and makes for a bigger buying opportunity, according to Citigroup Inc.\nThe ...</p>\n\n<a href=\"https://finance.yahoo.com/news/rout-china-tech-shares-boosts-011849377.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a82005fdd5a20870413111b3adc1a547","relate_stocks":{"BIDU":"百度","09888":"百度集团-SW","TME":"腾讯音乐"},"source_url":"https://finance.yahoo.com/news/rout-china-tech-shares-boosts-011849377.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138514096","content_text":"(Bloomberg) -- The massive selloff in U.S.-listed shares of Chinese technology companies isn’t linked to their fundamentals and makes for a bigger buying opportunity, according to Citigroup Inc.\nThe brokerage reiterated buy ratings on Baidu Inc., Tencent Music Entertainment Group and Vipshop Holdings Ltd. following what it called an “unfortunate dislocation” of their share prices. Gary Dugan, chief executive officer at the Global CIO Office in Singapore, echoed Citi’s views.\n“While we are not sure whether the huge volatility of share price movement of many technology stocks during the last few days could trigger more forced selling pressure or de-risk selling sentiment from other funds in the next few days, we do believe and are reassured that none of the sell-down is fundamental related,” Citi analysts including Alicia Yap wrote in a note.\nThe comments come after Friday’s unprecedented selling in some U.S. stocks ranging from Chinese technology giants to American media conglomerates by the family office of former Tiger Management trader Bill Hwang. The firm, Archegos Capital Management, was forced by its banks to sell more than $20 billion worth of shares after some positions moved against Hwang, according to two people directly familiar with the trades.\nTechnical, Exaggerated\n“We would look at the selloff as technical and exaggerated and hence a long-term buying opportunity,” said Dugan of Global CIO Office.\nTencent Music, whose ADRs slumped 37% in the last three sessions, announced a $1 billion share buyback on Monday. Baidu has approximately $2.78 billion outstanding share repurchase programs that it could use for buying back the shares, Citi analysts wrote in a note.\n“Baidu’s growth outlook remains promising,” they wrote.\nCiti’s price target of $364 on Baidu’s ADRs implies a potential upside of about 75% from Friday’s close.\nBaidu’s stock, which made its debut in Hong Kong last week, slid 4.5% as of 11:15 a.m. local time, adding to its 5.6% loss from Friday. A measure of tech shares was down 0.9% even as the benchmark Hang Seng Index traded higher.\n“We bought some Baidu shares in Hong Kong last Friday,” said Paul Pong, managing director at Pegasus Fund Managers Ltd. in Hong Kong. “The valuation has turned very attractive. Shares have hit a near-term bottom since the drop has nothing to do with fundamentals. It has earnings growth and the momentum is not bad. It’s the best tech stock to hold if you want to get exposure to the concept of auto-driving.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":352793348,"gmtCreate":1617001565584,"gmtModify":1704800649431,"author":{"id":"3570311016208932","authorId":"3570311016208932","name":"JeremiahWoon","avatar":"https://static.tigerbbs.com/f9ff9fdefc613c6f5a4c8cd0c74ea082","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3570311016208932","authorIdStr":"3570311016208932"},"htmlText":"I believe so","listText":"I believe so","text":"I believe so","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/352793348","repostId":1138514096,"repostType":4,"repost":{"id":"1138514096","pubTimestamp":1617000867,"share":"https://ttm.financial/m/news/1138514096?lang=&edition=fundamental","pubTime":"2021-03-29 14:54","market":"us","language":"en","title":"Rout in China Tech Shares Is a Buying Opportunity for Some","url":"https://stock-news.laohu8.com/highlight/detail?id=1138514096","media":"Bloomberg","summary":"(Bloomberg) -- The massive selloff in U.S.-listed shares of Chinese technology companies isn’t linke","content":"<p>(Bloomberg) -- The massive selloff in U.S.-listed shares of Chinese technology companies isn’t linked to their fundamentals and makes for a bigger buying opportunity, according to Citigroup Inc.</p>\n<p>The brokerage reiterated buy ratings on Baidu Inc., Tencent Music Entertainment Group and Vipshop Holdings Ltd. following what it called an “unfortunate dislocation” of their share prices. Gary Dugan, chief executive officer at the Global CIO Office in Singapore, echoed Citi’s views.</p>\n<p>“While we are not sure whether the huge volatility of share price movement of many technology stocks during the last few days could trigger more forced selling pressure or de-risk selling sentiment from other funds in the next few days, we do believe and are reassured that none of the sell-down is fundamental related,” Citi analysts including Alicia Yap wrote in a note.</p>\n<p>The comments come after Friday’s unprecedented selling in some U.S. stocks ranging from Chinese technology giants to American media conglomerates by the family office of former Tiger Management trader Bill Hwang. The firm, Archegos Capital Management, was forced by its banks to sell more than $20 billion worth of shares after some positions moved against Hwang, according to two people directly familiar with the trades.</p>\n<p>Technical, Exaggerated</p>\n<p>“We would look at the selloff as technical and exaggerated and hence a long-term buying opportunity,” said Dugan of Global CIO Office.</p>\n<p>Tencent Music, whose ADRs slumped 37% in the last three sessions, announced a $1 billion share buyback on Monday. Baidu has approximately $2.78 billion outstanding share repurchase programs that it could use for buying back the shares, Citi analysts wrote in a note.</p>\n<p>“Baidu’s growth outlook remains promising,” they wrote.</p>\n<p>Citi’s price target of $364 on Baidu’s ADRs implies a potential upside of about 75% from Friday’s close.</p>\n<p>Baidu’s stock, which made its debut in Hong Kong last week, slid 4.5% as of 11:15 a.m. local time, adding to its 5.6% loss from Friday. A measure of tech shares was down 0.9% even as the benchmark Hang Seng Index traded higher.</p>\n<p>“We bought some Baidu shares in Hong Kong last Friday,” said Paul Pong, managing director at Pegasus Fund Managers Ltd. in Hong Kong. “The valuation has turned very attractive. Shares have hit a near-term bottom since the drop has nothing to do with fundamentals. It has earnings growth and the momentum is not bad. It’s the best tech stock to hold if you want to get exposure to the concept of auto-driving.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rout in China Tech Shares Is a Buying Opportunity for Some</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRout in China Tech Shares Is a Buying Opportunity for Some\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 14:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/rout-china-tech-shares-boosts-011849377.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The massive selloff in U.S.-listed shares of Chinese technology companies isn’t linked to their fundamentals and makes for a bigger buying opportunity, according to Citigroup Inc.\nThe ...</p>\n\n<a href=\"https://finance.yahoo.com/news/rout-china-tech-shares-boosts-011849377.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a82005fdd5a20870413111b3adc1a547","relate_stocks":{"BIDU":"百度","09888":"百度集团-SW","TME":"腾讯音乐"},"source_url":"https://finance.yahoo.com/news/rout-china-tech-shares-boosts-011849377.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138514096","content_text":"(Bloomberg) -- The massive selloff in U.S.-listed shares of Chinese technology companies isn’t linked to their fundamentals and makes for a bigger buying opportunity, according to Citigroup Inc.\nThe brokerage reiterated buy ratings on Baidu Inc., Tencent Music Entertainment Group and Vipshop Holdings Ltd. following what it called an “unfortunate dislocation” of their share prices. Gary Dugan, chief executive officer at the Global CIO Office in Singapore, echoed Citi’s views.\n“While we are not sure whether the huge volatility of share price movement of many technology stocks during the last few days could trigger more forced selling pressure or de-risk selling sentiment from other funds in the next few days, we do believe and are reassured that none of the sell-down is fundamental related,” Citi analysts including Alicia Yap wrote in a note.\nThe comments come after Friday’s unprecedented selling in some U.S. stocks ranging from Chinese technology giants to American media conglomerates by the family office of former Tiger Management trader Bill Hwang. The firm, Archegos Capital Management, was forced by its banks to sell more than $20 billion worth of shares after some positions moved against Hwang, according to two people directly familiar with the trades.\nTechnical, Exaggerated\n“We would look at the selloff as technical and exaggerated and hence a long-term buying opportunity,” said Dugan of Global CIO Office.\nTencent Music, whose ADRs slumped 37% in the last three sessions, announced a $1 billion share buyback on Monday. Baidu has approximately $2.78 billion outstanding share repurchase programs that it could use for buying back the shares, Citi analysts wrote in a note.\n“Baidu’s growth outlook remains promising,” they wrote.\nCiti’s price target of $364 on Baidu’s ADRs implies a potential upside of about 75% from Friday’s close.\nBaidu’s stock, which made its debut in Hong Kong last week, slid 4.5% as of 11:15 a.m. local time, adding to its 5.6% loss from Friday. A measure of tech shares was down 0.9% even as the benchmark Hang Seng Index traded higher.\n“We bought some Baidu shares in Hong Kong last Friday,” said Paul Pong, managing director at Pegasus Fund Managers Ltd. in Hong Kong. “The valuation has turned very attractive. Shares have hit a near-term bottom since the drop has nothing to do with fundamentals. It has earnings growth and the momentum is not bad. It’s the best tech stock to hold if you want to get exposure to the concept of auto-driving.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":19,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1138514096"}