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2021-08-16

To me, this whole fear surrounding Chinese stocks is just a good opportunity to accumulate on good Chinese stocks. For example, $Tencent Holding Ltd.(TCEHY) and $MEITUAN-W(03690)$

$MEITUAN-W(03690)$is below its 20month MA. 

$Tencent Holding Ltd.(TCEHY)$is almost at its 50month MA. 50 month!!!

Such dips are simply too good for companies that have such great valuations.

What’s the greatest risk? The Chinese government breaking these business apart, or delisting. Well, I can’t say the same for other Chinese firms, but for Tencent and Meituan, I think these scenarios are extremely unlikely.

I’m not saying this is true for all Chinese companies, especially not the speculative education or EV names. But at least for Tencent and Meituan, I’m confidently to say… BUY THE DIP!

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.

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