Aberdeen’s Young Adds Tencent, Keeps China Bets During Selloff

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Aberdeen’s Young Adds Tencent, Keeps China Bets During Selloff

Bloomberg2021-08-17

Asset manager is not avoiding any sectors except education Young’s China investment views contrast with Ark’s Cathie Wood Veteran fund manager Hugh Young said his firm bought the dip in Tencent ...

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burp
·2021-08-17
pump like please
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humansharkk
·2021-08-17
Help to like please, thanks!
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Ultraviolet
·2021-08-17
Cooool
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旺旺缘
·2021-08-17
?
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Henryee18
·2021-08-17
This stock rocks!$TENCENT(00700)$
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Swifty
·2021-08-17
Hope for Chinese stocks?
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TeslaMoon
·2021-08-17
Tencent is one of the only few China stocks worth betting on
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GohKS
·2021-08-17
Latest. Please like and comment. Thank you.
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- Bodoh:
  Ok
  2021-08-17
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In fact, bellwethers in most industries offer upside opportunities, including property developer China Vanke Co., said Young, who has been with Aberdeen for three decades.\n“I don’t think anything strategic has changed” in China due to regulations, which will benefit the “most responsible players,” he said in a video interview. “We have topped up with Tencent,” adding to what already was a “quite-large holding” in the sector.\nYoung’s optimism remains despite Chinese officials saying that more regulation is coming to the world’s second-largest economy over the next five years. About $1 trillion of value was wiped out from China shares listed on the mainland, Hong Kong and U.S. last month amid clampdowns on sectors ranging from education to technology.\nHis optimism contrasts with that of other global asset managers, including Ark Investment Management’s Cathie Wood, who has said she has been selling China equities and warned that valuations will probably “remain down.”\n\n“China is just trying to make everything fairer for its citizens,” Young said. “Does that put us off investing in China? ‘No,’” he said, noting that regulatory crackdowns also “happened in other economies when things boom.”\nNew regulations may keep coming, but leaders of the world’s second-largest economy are not looking to destroy sectors, and that means top companies will benefit from such moves, Young said, pointing to the housing market, where more measures are likely, but that hasn’t prompted Aberdeen to unload its shares in top developers.\nChina will probably “correct regulatory policies for the sector’s good,” he said. That means companies such as China Vanke, in which his firm owns shares, “will ultimately be net beneficiaries,” said Young.\n“Huge opportunities” will come with a broadening of the economy and “responsible growth,” Young said.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":833045565,"gmtCreate":1629192477457,"gmtModify":1676529960794,"author":{"id":"3586835107631751","authorId":"3586835107631751","name":"burp","avatar":"https://static.tigerbbs.com/31467c2dbb1d2a799e2e7776244edfdb","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3586835107631751","idStr":"3586835107631751"},"htmlText":"pump like please","listText":"pump like please","text":"pump like 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thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839579781","repostId":1166049068,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":839531247,"gmtCreate":1629165296389,"gmtModify":1676529950747,"author":{"id":"3580342534451795","authorId":"3580342534451795","name":"Ultraviolet","avatar":"https://static.tigerbbs.com/0a37729d59392a2fd9ac9c4dbe50e826","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3580342534451795","idStr":"3580342534451795"},"htmlText":"Cooool","listText":"Cooool","text":"Cooool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839531247","repostId":1166049068,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":839507908,"gmtCreate":1629164666204,"gmtModify":1676529950370,"author":{"id":"4089972566760360","authorId":"4089972566760360","name":"旺旺缘","avatar":"https://static.tigerbbs.com/4ea3dfb2208adae43631a0c9c476b225","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"4089972566760360","idStr":"4089972566760360"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839507908","repostId":1166049068,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":839225994,"gmtCreate":1629162551318,"gmtModify":1676529949346,"author":{"id":"3561088065415396","authorId":"3561088065415396","name":"Henryee18","avatar":"https://static.tigerbbs.com/68e1124a4989ce380d6aa143a07b2620","vip":1,"hat":"https://static.tigerbbs.com/3b7820dfed76481d8dc4de6ac5a7a136","crmLevel":9,"crmLevelSwitch":1,"authorIdStr":"3561088065415396","idStr":"3561088065415396"},"htmlText":"This stock rocks!<a href=\"https://laohu8.com/S/00700\">$TENCENT(00700)$</a>","listText":"This stock rocks!<a href=\"https://laohu8.com/S/00700\">$TENCENT(00700)$</a>","text":"This stock rocks!$TENCENT(00700)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839225994","repostId":1166049068,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":839226122,"gmtCreate":1629162402666,"gmtModify":1676529949293,"author":{"id":"3573686260747225","authorId":"3573686260747225","name":"Swifty","avatar":"https://static.tigerbbs.com/25bc2f32857ae0c620f1d9eee6447454","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3573686260747225","idStr":"3573686260747225"},"htmlText":"Hope for Chinese stocks?","listText":"Hope for Chinese stocks?","text":"Hope for Chinese stocks?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839226122","repostId":1166049068,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":839262070,"gmtCreate":1629161882990,"gmtModify":1676529949085,"author":{"id":"3586118615772335","authorId":"3586118615772335","name":"TeslaMoon","avatar":"https://static.tigerbbs.com/d68757b4b03a327ba62e5c6ba27af9dc","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3586118615772335","idStr":"3586118615772335"},"htmlText":"Tencent is one of the only few China stocks worth betting on","listText":"Tencent is one of the only few China stocks worth betting on","text":"Tencent is one of the only few China stocks worth betting on","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839262070","repostId":1166049068,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":839263888,"gmtCreate":1629161728944,"gmtModify":1676529948919,"author":{"id":"3555032609535572","authorId":"3555032609535572","name":"GohKS","avatar":"https://static.tigerbbs.com/ddc1a9348de7602d7224f258a5a3fa00","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3555032609535572","idStr":"3555032609535572"},"htmlText":"Latest. Please like and comment. Thank you.","listText":"Latest. Please like and comment. Thank you.","text":"Latest. Please like and comment. Thank you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/839263888","repostId":1166049068,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5550239,"gmtCreate":1629162193090,"gmtModify":1663232477240,"authorId":3559859558754319,"author":{"id":3559859558754319,"idStr":"3559859558754319","authorId":3559859558754319,"name":"Bodoh","avatar":"https://static.tigerbbs.com/349218ea2852130ca86ce660b4aa2d59","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":"2023.07.14","exceedPercentage":"93.05%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":839263888,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":102,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}