To The Moon

Coincidentally, I talked about HSI and HST earlier in the morning too!

Its quite obvious that the selldown is only targeted at the Hong Kong market, when ASX, Kospi and even Shanghai and Shenzhen composites are trading relatively well today. 

To be honest, Sir Bahamut can't see the end of the tunnel for HSI. HSI has already reached 2008 level, representing more than a lost decade if you held HSI etf 14 years ago. The current bear market has lasted more than 2 years and counting. 

Sentiments have turned very bearish as investors become increasingly doubtful that the new Chinese government will protect private enterprise's interest over national interest. Moreover, US-China decoupling fears have excabated after the new Chinese Standing Committee is formed on Sunday.

Sir Bahamut advise investors to be cautious and invest in only high quality companies that are fully self-reliant and not at the mercy of US, able to generate high FCF and riding on structural trends such as 5G. Take care my fellow Tiger friends!

@CaptainTiger@Daily_Discussion