Opinions
Cole Kachur
KraneShares CSI China Internet
KWEB-N
TOP PICK
Jun 03, 2024
$29.055
Stock price when the opinion was issued
E.T.F.'s
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BUY ON WEAKNESS
Resistance has turned to support around $65. Around this level, the risk-reward is pretty good. It is an opportunity when it falls to these levels. Equivalent companies to Amazon in China is quite cheap.
E.T.F.'s
BUY ON WEAKNESS
Saw a parabolic rise in the beginning of the year. Now it has reversed to 52-week lows. A value play now with lots of discounting factors. A lot of bad news priced in. Doesn't mean it can't fall further, but it could be a buying opportunity to ease in. Wouldn't worry about short term volatility.
E.T.F.'s
RISKY
They are converting the ADRs . The whole pressure and uncertainty of the Congress move to de-listing companies that will not open books. None of the companies in KWEB were part of the proposed list of equities. Thinks China will come to a degree of agreement with the SCE. These companies are still worth a lot of money.
E.T.F.'s
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He's not typically a fan of investing in China, as regulations there can make it seem like the Wild West. Things can swing pretty heavily with the political climate.
China is trying to inflate its market with interest rate cuts and other measures to try to promote economic growth. Some of the companies in this ETF will be major beneficiaries of that. Chinese tech companies have underperformed for a long time, provides an opportunity. Foresees a move up from the reflation trade. As long as the government doesn't get too involved, some companies are primed for a breakout.