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Top 6 Hong Kong Stocks with >50% Upside
By SmallCapAsia  •  March 17, 2022
The HK stocks rebound is on a roll yesterday (16 Mar) with some big names like HK-listed Alibaba Group and NetEase surging 27.3% and 23.4% respectively! If you still unaware, the China govt made a strong push to stabilize battered financial markets, promising to ease a regulatory crackdown, support property and technology companies and stimulate the economy. To recap, the ongoing selldown was led by China regulators taking issues on the following:
  1. Highly-leveraged real-estate companies like China Evergrande
  2. E-commerce leader Alibaba Group which began like Jack Ma and led to the investigation on Alipay
  3. Food-delivery giant Meituan, which had to lower the fees that it charges restaurants for delivery to alleviate F&B outlets’ expenses
  4. Tencent Holdings which faces a probe to break up the conglomerate and also face suspension on new game titles
With this in mind, let’s zoom in on some of these ‘blue-chip’ HK stocks which still have lots of room for share price appreciation...
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By SmallCapAsia
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