Stellantis looks interesting. I struggle to understand why it's so undervalued and if it will revert to mean.
As a Chinese citizen, I am very cautious on HK stocks, given accounting issue and moral concern. There are many HK listed stocks with low liquidity, but somehow excellent financial record. Many of them are called zombie stocks, which are used for related party transaction, insider dealing and market manipulation. For me, those are in the "too difficult" budget since I won't be able to do any analysis if I don't trust the financials / audit report.
Stellantis looks interesting. I struggle to understand why it's so undervalued and if it will revert to mean.
As a Chinese citizen, I am very cautious on HK stocks, given accounting issue and moral concern. There are many HK listed stocks with low liquidity, but somehow excellent financial record. Many of them are called zombie stocks, which are used for related party transaction, insider dealing and market manipulation. For me, those are in the "too difficult" budget since I won't be able to do any analysis if I don't trust the financials / audit report.
I agree on the accounting issues, and have sorted out some of the companies already (will post those soon).