The Shanghai property index looks like a technical double bottom

China cut down payments requirement of home buying to ALL TIME LOW — 15%.

Mortgage rate also cut. It’s an end to the era of “home is for living in, not for speculation”.

The property sector index surging another 6% from its double-bottoms, and industry leader Vanke limit up 10%.

Image

My Analysis on May 15th:

BABA vs. PDD: Which Company is Your Pick?

Pinduoduo rises 5% after earnings beats. Revenue for Q1 2024 was 86.81 billion yuan, an increase of 131% year-over-year. It exceeds the market expectation of 75.6 billion yuan. Alibaba and Pinduoduo both has a relatively low P/E. But it's very hard to bet on Chinese stocks. Alibaba declines 3% as it is considering selling convertible bonds to raise $5 billion. ------------- If you want to buy China's e-commerce company, which is your pick?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

valentia
05-18
valentia
Good news for the market 😁
LouisLowell
05-17
LouisLowell
Keep up the good work!
KSR
05-18
KSR
👍

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1008

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