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☆ David Tepper's Appaloosa is betting big on Chinese tech stocks
▼ + stars: | 2024-05-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Billionaire investor David Tepper's hedge fund increased its bets on Chinese tech stocks during the first three months of 2024, while dialing back exposure to some key domestic names. Appaloosa Management's quarterly report on Wednesday showed that Alibaba is now its top holding after buying several hundred million dollars worth of shares. The fund also revealed that it holds put options against Microsoft , which could indicate more selling in the second quarter. Outside of technology, Appaloosa exited a small position in hospital stock HCA Holdings and added a small position in Boeing . Chinese tech stocks have been trending higher, however, with the KWEB up 19% in the second quarter.

Persons: David Tepper's, Tepper Organizations: PDD Holdings, Baidu, Adobe, iShares FTSE, CSI China Internet, Microsoft, Holdings, Boeing, Quarterly, Carolina Panthers Locations: ., iShares FTSE China

☆ Goldman Sachs just added stocks to its top Asian picks, giving one over 45% upside
▼ + stars: | 2024-04-12 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Goldman Sachs has refreshed its conviction list of top stocks in Asia Pacific this month, adding some names and removing others. Here are two additions to Goldman Sachs' Asian conviction list, and two removals: China Resources Beer Goldman analyst Leaf Liu said he was positive on the outlook for Chinese beer manufacturer and distributor China Resources Beer . Goldman Sachs has a 12-month price target of 51 Hong Kong dollars ($6.51) on the stock, giving it potential upside of around 46%. NTPC India's power generation company NTPC — formerly the National Thermal Power Corporation — was another addition to Goldman's conviction list. Shionogi, China Medical System Meanwhile, the Wall Street bank removed two pharmaceutical players — Japan's Shionogi and the China-headquartered China Medical System — from its conviction list.

Persons: Goldman Sachs, China Resources Beer, Leaf Liu, CRB, —, National Thermal Power Corporation —, Apoorva Bahadur, Bahadur, Goldman, — Japan's Shionogi, — CNBC's Michael Bloom Organizations: MSCI Asia, China Resources, China Resources Beer Goldman, China Resources Beer, Brands, Star, Heineken, Hong, Franklin FTSE, National Thermal Power Corporation Locations: Asia Pacific, Japan, China, ,, Tianjin, premiumization, Hong Kong, Franklin FTSE China, Shionogi

☆ Chinese stocks are 'a risk worth taking,' asset manager says — naming 2 he likes
▼ + stars: | 2024-03-14 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

There may be a lot of caution with investing in Chinese stocks — but asset manager Jason Hsu sees opportunities to play the market. "Chinese stocks are trading at the cheapest they've ever been. The Chinese economy and stock market have been dogged by declining foreign investments and a prolonged property market slump. Hsu suggests that investors allocate around 7% to 8% of their portfolio to Chinese stocks. 'A great growth story' When it comes to the Chinese market, Hsu views state-owned food and beverage company Kweichow Moutai as good short-term play.

Persons: Jason Hsu, Hsu, Moutai, Warren Buffett, Tesla, BYD Organizations: Rayliant Global Advisors, CNBC Pro, Shanghai, Shanghai Stock Exchange, FTSE, China Consumer, Toyota, U.S, Ferrari, Hong Kong Locations: China, Japan, FTSE China, U.S, Europe, Hong Kong and New York

☆ These financial market signals are telling a different story about China's economy
▼ + stars: | 2023-08-28 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

China's economy is stumbling, but financial markets don't indicate that it will lead to a systemic crisis. After a first-quarter bounce, China's economic rebound from zero-COVID policies has been disappointing, with factories and consumers slowing down. But Gave cited other indicators that present a different take on the Chinese economy. Gave also pointed out that iron ore prices, which are sensitive to China's economy, have jumped 50% from their October 2022 low. AdvertisementAdvertisement"That is not to deny that China's economy faces genuine challenges or that Chinese economic growth is slowing, cyclically and structurally," he concluded.

Persons: Louis, Vincent, Vincent Gave, Beijing's Organizations: Service, Financial Times, FTSE, US, Ferrari Locations: Hong Kong, Wall, Silicon, China, Beijing, FTSE China

☆ Morning Bid: Fragile markets wait on PMIs
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +2 min

Japan's Nikkei (.N225) looks set to snap a 10-week winning streak and the MSCI Asia ex-Japan index was poised for its worst week of the year, as rates and inflation look higher for longer. The yen earned some reprieve, but it's shaky and at 143 to the dollar is firmly in intervention-watch territory. The Aussie, a growth bellwether, is quickly unwinding a two-week rally and Aussie stocks (.AXJO) are down 3% in three days. The sour turn leaves markets in a delicate spot ahead of global purchasing managers' index surveys due through the day. Reuters GraphicsReuters GraphicsKey developments that could influence markets on Friday:Europe, UK and U.S. PMIsUK Retail SalesReporting by Tom Westbrook; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Tom Westbrook, Sterling, Threadneedle, Muralikumar Organizations: Bank of England's, Japan's Nikkei, Reuters Graphics Reuters, PMIs, Thomson Locations: Asia, Japan, China, Lira, Europe

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