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r/baba
How much more can hang seng tech stock tank?
Investor summaryBullish
Author highlights extremely low P/E and high net cash for Hang Seng tech stocks like JD and PDD, asking when mean reversion will occur.
Bull points
- Extremely low forward P/E ratios in the single digits for Hang Seng tech companies.
- Massive net cash positions relative to market cap.
- High potential for mean reversion given the severe undervaluation.
Post body
Its getting ridiculous that so many of the companies in the hang seng have p/e or forward p/e ratios in the mid high ish single digits. Jd.com forward pe is 8 with a net cash postion of 70% of its market cap. Pdd forward p/e is a little above 7 with a net cash of 65% of its market cap. I can go on and on for many others as well. At what point will we see the reversion?
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