Is the Chinese tech sector finally seeing light at the end of the tunnel?
Chinese tech stocks are finally seeing daylight, as the sector led by $Alibaba(BABA)$
In fact, UBS has been raised its recommendation on the MCSI China Index to overweight in a rare upgrade call this year. The bullish call can't be more timely, as the tech sector emerges from its multi-year slump, thanks to signals of an end of the earlier crackdown and narratives of supportive regulative measures. Although geopolitical tensions persist, there have been recent signs of improving corporate performance amidst recovery of the Chinese economy. In fact, Meituan is set to debut in Riyadh as expansion beyond China gathers steam.
With an improved risk-reward outlook, now may be the time to rotate back into the Chinese tech sector for long-term growth, as its recovery gathers momentum. I believe that the Chinese tech sector is finally seeing light at the end of the tunnel.
@MillionaireTiger @VideoLounge @CaptainTiger @TigerStars @TigerWire @TigerEvents
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