I believe that this is a buying opportunity. I have added to my position for $TENCENT(00700)$.
I see this as a parallel situation with the US' stand on the Russia-Ukraine conflict. On the account of supporting democracy and the sovereignty of individual countries, the US has to make a statement by allowing Nancy to visit Taiwan. However, let's not forget that Biden is also looking to working more with China for the country's own economy. As it is, the sanctions on Russia has driven inflation and US is not spared from it. I doubt it can agitate China by imposing any real sanctions that will also affect the country's inflationand Biden's political popularity.
It is in the interest of the US to continue working with the Chinese for their own economy. China also would want to avoid war. The Chinese are typically good businessmen. Going to war won't benefit them. Therefore, I believe that the stocks wont be delisted.
Even if they are delisted, the market in China is bigger than the US. So, no fear here! in any case, at most be available as OTC stock. The pain will be bigger for the US if the stocks get delisted than for the Chinese.
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- RDPD富爸穷爸·2022-08-05Chinese stocks won't be delisted. SEC wants more control over chinese firms that's all. Personally, delisting is better. They can grow at their own pace in HK exchange without scrutiny from westerners2Report
- JC888·2022-08-05Until the autocratic body stop persecuting Tencent, it will be severely curtailed in all its activities. Its has also called off a pioneering project due to that.1Report
- RDPD富爸穷爸·2022-08-22Just wondering when you will start to write your next post [Thinking] [Onlooker]1Report
- BellaFaraday·2022-08-07Be careful. After all, investing requires caution.1Report
- Humbly·2022-08-06Short term bottom will be confirmed if the closing price is above 3231Report
- PandoraHaggai·2022-08-07Tencent's shares are at historic levels.1Report
- EvanHolt·2022-08-07I hope your decision will pay off.1Report
- Maria_yy·2022-08-07You're right, Tencent is definitely undervalued.1Report
- ElvisMarner·2022-08-07I do worry about the delisting of this company.1Report
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