Chinese stocks are looking cheap. Fund manager explains why he's betting on Alibaba

  • 📰 CNBC
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

China stocks have plummeted since last year, and valuations are now looking compelling, but tech titan Alibaba is no 'value trap,' says portfolio manager Sid Choraria.

as one, investors would have to believe that the e-commerce giant's growth will be in the single digits, said Choraria of SC Asia.

Choraria said Alibaba's growth is healthy, well in the double digits for its e-commerce and cloud-computing businesses. "If Alibaba generates the type of cash that it is [making], it's not a value trap at these levels. Now, if it's … only at low single digits, it's going to turn out to be a value trap," he said.

"As a fund manager, I'm betting on Alibaba," he said. "I like the odds with Alibaba for the next 5 to 10 years," noting, however, he has "no idea about the short term."

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 12. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

Let’s goo.

日本 最新ニュース, 日本 見出し