Pruksa Iamthongthong

China's equity market is a contrarian opportunity because valuations are attractive relative to the AI-driven rallies in Taiwan and Korea. Despite weak headline macro data, selective sectors like energy security (battery storage) and China localization (AI self-sufficiency supply chain) show bright spots, and consumer spending has become more discerning rather than disappearing. The need for energy security from the Iran war also supports China's supply chain strengths.