HANGSENG BEES ETF - BEST CONTRA IDEA - 50% RETURNS EXPECTEDThere is currently a lot of pessimism in the Chinese Market. This ETF offered by Nippon India mirrors the Hang Seng Index which is currently available at a PE of 8. CMP - 239 , Target - 340, Time 2 years, SL - 220Longby RSBaidUpdated 17
HNGSNGBEES_LongThe truth is just before few years, we are like China, worst in stock market because of less contribution in world economy with exports and imports. Till date, China penalized with a lot of sanctions from US and EU (a temporary fall). Due to Ukraine war happening for more than 2 years, Russian economy never been collapsed because of Chinese imports. China profited with importing cheap oil from Russia. Russia profited a lot exporting huge historical volume / cheap oil to China and India, so that in future, will continue the same (Volume based gain in long term). WORLD ECONOMY WILL NEVER BLOOM WITHOUT CHINA and INDIA. Moral of the story: Invest in HNGSNGBEES.Longby Rajesh_roots_108112