The Chinese govt has stood out to support listed companies, while a US sanction on Chinese companies seems deeply unlikely. They would lose much more than the Chinese if they were to do it and that gets to a tit and tat..
$YZJ Fin Hldg(YF8.SI)$this is a China financial company..It's common knowledge that Chinese banks trade at about a 40% discount..Would this counter be considered the same? If yes, we are looking at more downside still.. Probably 10 to 15% more downwards
Done and dusted.. core biz is not affected..No units are being force sold..This outcome is much better than what the market feared initially..Time to go up gradually..Get it while it's cheap!
Why Is Alibaba Stock Surging Despite $2.87B Antitrust Fine?
$YZJ Fin Hldg(YF8.SI)$funds have no love for Chinese financial companies, no matter how attractive they may seem to be..That's a fact..See you below 40c soon.. Slowly but surely you would be there