I exited the KWEB position yesterday.  Will buy it back if it keeps going lower.  I am thinking around 45-46 if it gets there.  I am also thinking that if BABA trades  down to low 160s, I might trade that too

I am currently out of all chinese stocks, but what do you think of BIDU. Up until my last trade I had traded it well and I think it is currently under valued, but not a fan of the macro sentiment.

I took a look at BIDU via Yahoo Finance and its Statistics continue to be very impressive.  IMO, the company is undervalued even after discounting the fact that it is a Chinese company and the Xi Jinping factor.  Its forward PE is about 16.  I think that over the longer term (say one year to 18 moths), its forward PE could rise to, say 22.

Its estimates on earnings and revenue growth clocks in at about 20%+and15%.  And while I would assume it faces local competition, it does not have to worry about Google since I am sure Google’s penetration in China is either none or virtually none, that is an incredible level of protection.   

Profit and Operating Margins are also impressive.

It carries a boat load of cash in the balance sheet and its debt is quite manageable given its ample levels of revenue and operating cash flow.

I agree, but have been dumbfounded by how it has traded over past ~ 6 months and also more recently

And just like that, BABA is already knocking on low 160s.  Given how fast it got there, just tells me that there are still plenty of sellers out there.  Going to wait until volume subsides a lot and/or it gets into very oversold territory.

Now retail data in China is dropping, so eCommerce companies like BABA, JD and PDD are dropping on the news.  Lower for longer seems the operative word on these stocks.

Not going to touch anything China related until I see some bottoming process.

I too wonder if Xi Jinping is way over his head. Be careful what you wish comes to mind regarding Xi Jinping. 

Investment in China has to be slowing down.  In fact, I wonder if it isn’t looking for friendlier shores, like India or some other South East Asia country.  Billionaires may also be moving money out of the country.  Xi Jinping is killing the goose that lays the golden eggs.

My thoughts exactly. I would have thought he'd attempt to balance it, but it is as if he is trying to kill the economy that was built over the previous decade.

 I heard one China expert mention the fact that Xi Jinping is running a campaign that culminates with the communist party election of the next leader in China, its suppose to take place sometime in 2022.  Obviously, he is in the running and as such he is basically trampling on any and all potential aspiring people to the post.  I believe I understood that a lot of folks in the leadership ring are very wealthy and this route in the markets pairs their wealth down substantially.  

It’s the law of the jungle in countries that do not operate like we do, ok, we did for four years but that’s another subject