Çin yeniden açılıyorken Çin teknoloji hisselerini satın almalı mısınız?

Çin teknoloji hisseleri are a great pick at current valuations but only for the long-term investors, says Anand Batepati of GFM Focus Investing.

Which Chinese stocks does he recommend?

Two names that particularly pop out to him are Alibaba Group Holding Ltd (NYSE: B.A.B.A.) and Tencent Holdings (OTCMKTS: TCEHY).

Hızlı haberler, önemli ipuçları ve pazar analizi mi arıyorsunuz?

Invezz haber bültenine bugün kaydolun.

Batepati is constructive only partly because China is pulling out of the COVID restrictions. What’s more important to him is the strength of their underlying businesses.

These are excellent businesses. There are very few companies that generate $15 to $20 billion in free cash flow. Alibaba and Tencent are two of those names and you’re getting them at less than liquidation value.

Earlier this week, China şuraya it will remove the requirement of quarantine for inbound travellers from January 8^th. Both of Batepati’s stock picks are currently down more than 30% year-to-date.

Risks are already priced in

Batepati does agree that the likes of Alibaba'nın hisse senedi and Tencent are not entirely free of headwinds, but the related sell-off, he noted, was quite overdone. This morning on CNBC’s "Teknik Kontrol", the GFM co-founder added:

You’re getting a couple of their underlying businesses for free. Softening of the regulatory clampdown that we’ve seen some indications of, and China reopening are a few of the catalysts why we’re bullish.

Again, his recommendation is only for the long-term investors. These names are not suitable for “trading”, he confirmed.

It is also noteworthy that both Alibaba Grubu Holding Ltd ve Tencent Holdings topped Street estimates for earnings in their latest reported quarter.