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Citi says the best value Chinese stocks may be this year’s laggards

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Drivers for Meituan and Alibaba-owned Ele.me en route to delivering items to customers in Guangzhou, China.

Arjun Kharpal | CNBC

Some of the worst-performing Chinese internet stocks currently are the ones with the best value, according to the chief investment officer of Citi Global Wealth.

These Chinese internet companies have enormous potential given the size of their markets and opportunities in those regions, said David Bailin, who is also the firm’s global head of investments.

“If you compare some of these companies to like-for-like American tech companies, they are far cheaper. Their addressable market is far larger and the actual impact that they could have — because of the absence…



Source cnbc.com

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