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.
He owns KWEB for some of his clients. A higher beta, higher octane type of name. Longer term it makes a lot of sense since the penetration of the internet in China is much lower than NA. AIA is 50 largest names in Asia that has outside of China and includes other sectors like semiconductors and banks. AIA would be more conservative of the two.
China/Internet Fund. It has done fairly well. If you are comfortable with the Internet as it plays out in China, it is probably not a bad play. He likes China. He would prefer the whole country, rather than just one sector.
KraneShares CSI China Internet is a American stock, trading under the symbol KWEB-N on the NYSE Arca (KWEB). It is usually referred to as AMEX:KWEB or KWEB-N
In the last year, 2 stock analysts published opinions about KWEB-N. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for KraneShares CSI China Internet .
KraneShares CSI China Internet was recommended as a Top Pick by on . Read the latest stock experts ratings for KraneShares CSI China Internet .
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2 stock analysts on Stockchase covered KraneShares CSI China Internet In the last year. It is a trending stock that is worth watching.
On 2023-02-03, KraneShares CSI China Internet (KWEB-N) stock closed at a price of $33.35.