Chinese platform giant Tencent is trading at a forward P/E of just 11x, with excessive negative sentiment around capex spending, and Xiaomi has fallen to 14x forward P/E, near its historical trough of 10x. Both have been severely sold off but are fundamentally cheap and present a strong bounce-back opportunity.
Chinese platform giant Tencent is trading at a forward P/E of just 11x, with excessive negative sentiment around capex spending, and Xiaomi has fallen to 14x forward P/E, near its historical trough of 10x. Both have been severely sold off but are fundamentally cheap and present a strong bounce-back opportunity.