Episode 485

China makes peace with big tech (#485)

WorldWide Markets with Simon Brown · JustOneLap.com

March 16, 202220m 55s

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Show Notes

Simon Shares

Big banks now all have released results, mostly good albeit off low base.
Covid cases in China surge, new lockdowns.
- Hello, more supply chain mess.
People asking if I updated my view on Purple Group* (JSE code: PPE). Nope, volatility likely helping the revenue, but I need new data (results) first.
Commodities weak, brent oil now in a technical bear market.

China makes peace with tech Prosus (JSE code: PRX) and Naspers (JSE code: NPN) now flying (+20% n Wednesday). Discount still +50%. Reports of WeChat being hit with a massive fine for money laundering?money laundering

China's state council has in one move just: *Pledged to keep capital markets stable *Vowed to support overseas stock listings *Said dialogue with US re ADRs is 'good' *Promised to handle risks for property developers *Clarified regulation of Big Tech will end 'soon' *BOOM pic.twitter.com/xHYgcbchCo

— Sofia Horta e Costa (@SofiaHCBBG) March 16, 2022

* I hold ungeared positions.

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