Chinese Stocks Surge As Investors Bet On Economic Turnaround: 7 ETFs To Watch
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 08 2024
0mins
Should l Buy BABA?
Source: Business Insider
- Chinese Stock Market Rally: Chinese stocks have seen a significant rally in 2024, with the SSE Composite Index reaching its highest level since September 2023.
- Factors Driving the Rally: The rally is attributed to China's economic recovery, strong first-quarter growth, and positive private sector activity surveys.
- Concerns About Market Recovery: There are concerns that investors may be overestimating the market recovery as earnings expectations have mostly disappointed.
- Expert Insights: Bank of America's strategist Willie Chan highlighted downward revisions in earnings forecasts for Chinese A-shares, indicating a slow turnaround.
- ETFs Tracking China's Rebound: Various ETFs are available for U.S.-based investors to gain exposure to China's economic rebound, each with unique portfolios and strategies.
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Analyst Views on BABA
Wall Street analysts forecast BABA stock price to rise
15 Analyst Rating
15 Buy
0 Hold
0 Sell
Strong Buy
Current: 158.730
Low
180.00
Averages
203.09
High
230.00
Current: 158.730
Low
180.00
Averages
203.09
High
230.00
About BABA
Alibaba Group Holding Ltd is an investment holding company mainly engaged in the provision of technology infrastructure and marketing platforms. The Company operates its business through nine segments. The China Commerce Retail segment is engaged in the China commerce retail business. The China Commerce Wholesale segment is mainly engaged in the operation of 1688.com. The Cloud Intelligence segment provides cloud services. The International Commerce Retail segment provides customer management services, sales of goods and logistics services. The International Commerce Wholesale segment is mainly engaged in the operation of Alibaba.com. The Cainiao Represents Logistics Services segment provides fulfilment services. The Local Services segment’s revenue includes platform commissions, logistics services revenue. The Digital Media and Entertainment segment engages in the operation of Youku and Alibaba. The All Others segment is mainly engaged in the Sun Art, Freshippo and other business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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