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Stock impact report

Funds That Have Dodged China's Stock Rout Say It's Time to Buy [BNN Bloomberg (Canada)]

JD.com, Inc. - American Depositary Shares (JD) 
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am Check Earnings Report
US:NASDAQ Investor Relations: ir.jd.com
Company Research Source: BNN Bloomberg
Norway-based Skagen AS and its US counterpart Boston Partners have both turned overweight shares listed in mainland China and Hong Kong in recent months, citing cheap valuations, significantly priced-in financial and regulatory risks, and improved earnings as key reasons. The newfound optimism among the two funds and major peers from abrdn plc to M&G Investment Management raises hope that Chinese stocks' latest impressive rally may have legs. It's also a sign that global investors may be increasingly convinced of Beijing's resolve to end a $7 trillion rout and authorities' restrained approach to reviving growth, as more economic green shoots emerge. Investors are demanding higher compensation for holding Chinese stocks due to the economy's structural challenges, but the stance is also driven by “flows, fears and misunderstandings,” said Fredrik Bjelland, portfolio manager of the $1.4 billion Skagen Kon-Tiki emerging-market fund. “And if you can buy when those cyclical drivers are Show less Read more
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