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'
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Deutsche tries cherry-picking rivals’ overhaulsCiti set up a far bigger bad bank. UBS and Morgan Stanley set the standard for retooling fixed-income trading. And Barclays once quit the equities business entirely. CEO Christian Sewing’s smorgasbord approach leaves options open – but also room for plenty of headaches.
Source: Breakingviews - 🏆 470. / 51 Read more »
As Stocks Surge to Records, Nervous Investors Buy Bonds, TooIndividuals are on track to purchase a majority of the U.S. government’s newly issued longer-term debt this year for the first time since the Treasury Department began publishing data. Me I’m a buyer The WSJ has been predicting a stock market crash for a few years now. Y ask Y bonds have nothing going for them theses day.other then nervous investors .relax read Motley Fool get schooled fools
Source: WSJ - 🏆 98. / 63 Read more »
A brief history—and future—of credit scoresThey can transform an economy. But they are only as robust as the data underlying them Startcredits in Nigeria is revolutionising credit markets and scoring in Africa with research into default distributions to facilitate more lending to qualified borrowers Thank for tweeting this 中国的一个信用评分系统叫做芝麻信用，只用了短短几年时间，现在已经覆盖了3.25亿人。
Source: TheEconomist - 🏆 6. / 92 Read more »