Residents cross the road near the bund as day breaks on Wednesday, in Shanghai, where authorities took major steps toward reopening China’s largest city after a two-month Covid-19 lockdown. Photo: AP
Shanghai reopening: tech stocks in Hong Kong are worth a punt as China passes short-term peak Covid-19 pain, Alpine Macro says
- Chinese tech companies are likely trading at trough earnings with trough multiples, the research firm said in a report published on Tuesday
- The firm recommended a long position on the Hang Seng Tech Index, but cautioned that existing earnings expectations are “unrealistically benign”
Residents cross the road near the bund as day breaks on Wednesday, in Shanghai, where authorities took major steps toward reopening China’s largest city after a two-month Covid-19 lockdown. Photo: AP
