Will they roar back?
I've found myself shopping more often on Shopee since the pandemic, so I'm leaning to the argument that COVID has certainly improved the appeal of e-commerce. Despite having fallen from grace when its market capitalization was once the greatest among companies headquartered in Singapore, $Sea Ltd(SE)$
$AMC Entertainment(AMC)$
The Chinese EV startups $NIO-SW(09866)$ Bullish , $XPENG-W(09868)$ Bullish and Li Auto have been weighed by slowing domestic EV demands, not helped by overcapacity as a result of more players jumping onto the bandwagon and aggressive expansion to secure market shares in the highly competitive Chinese market. Nevertheless, the Chinese EV makers have proven themselves in containing their costs, sealing partnerships and expanding to overseas markets. With better knowledge of the local market, their sales have proven to be resilient despite rising competition, while their profit margins have remained stable with their lean cost structures. With their lower cost structures and richer EV lineup to capture different segments of the market, the Chinese EV makers have been giving Tesla a run for its money. I believe the current stock prices of the Chinese EV makers are not doing justice to their fundamentals and may present opportunities to participate in their long-term growth.
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