Chinese internet stocks and shares may be considering a great deal for investors, regarding global investment banks UBS and Credit Suisse. Technology has emerged as a heated battleground in the ongoing U.S.-China trade issue as both countries seek to dominate new areas like 5G and artificial intelligence. Amid that, Chinese internet companies have seen their stocks stumble.
Still, John Woods, Credit Suisse’s key investment official for Asia Pacific, said the sector is apparently a solid bet. Woods informed CNBC on Tuesday. On Mon, That evaluation was also portrayed by UBS Global Prosperity Management in a briefing in Singapore. Tan Min Lan, the head of the Asia Pacific Investment Office at UBS Global Wealth Management, said that Chinese internet companies offered “solid share buyback prospects” and have high cash flows. Although Chinese technology companies such as Baidu, Tencent, and Alibaba have been subjected to U.S.-China trade tensions, Woods pointed out that they are generally focused on the local market.
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