Although Chinese internet companies have seen their stocks stumble, two global investment banks say the sector appears to be a solid bet.
UBS Global Wealth Management says, meanwhile, that Chinese internet companies offered "solid share buyback prospects" and have high cash flows. "Internet is essentially a structural growth story in China. We don't see it changing anytime soon," Woods told CNBC on Tuesday. "It sold off aggressively ... from mid-April. So we feel there's upside in that particular sector."
Will they make me whole if I lose any money?
Quit watching or reading CNBC and see your returns jump up significantly
I'll stick with American
Uh, right. Yessiree.
JUST IN:'Great moral collapse'
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
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