A JPMorgan analyst, previously bearish on Chinese tech stocks, has now turned positive on the sector, citing improved economic outlook and attractive valuations. Alex Yao, co-head of Asia TMT research at JPMorgan Chase, who had downgraded companies like Tencent and Alibaba two years ago, now foresees a 20%-25% upside for Chinese tech stocks. This shift in sentiment indicates a resurgence of interest in Chinese tech stocks among investors.
JPMorgan wealth head sees China's economic outlook improving https://t.co/uvZknocr1u
Alex Yao, co-head of Asia TMT research at JPMorgan Chase, who surprised the market two years ago by downgrading 28 companies, including #Tencent and #Alibaba, saying the sector was "uninvestable" amid geopolitical and regulatory risks, now sees 20%-25% upside for Chinese tech…
$JPM bearish analyst turns positive on Chinese tech over longer term $BABA $BIDU $JD $PDD $KWEB At current valuations and mid-teens EPS growth, current rock bottom valuations are not sustainable...
$JPM bearish analysts turns positive on Chinese tech over longer term $BABA $BIDU $JD $PDD
CHINESE TECH STOCKS ARE BACK IN FAVOUR WITH FORMER SCEPTICS-SCMP
A JPMorgan analyst known for bearish calls is now touting China’s tech stock, underscoring how skeptics are returning to the stock market after years of underperformance https://t.co/fEnYkwv4DQ