Not a big fan of the industry at the moment. Sales in China too poor - no prospect of recovery. I think there are still lower prices to come. I'm not building up a position yet.
I hope I'm wrong! :-D
I hope I'm wrong! :-D
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@GeldGenie Retail has recently picked up in China. I believe that things will soon look better again. If it actually corrects significantly again, I would probably have to add again.
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•@BavarianInvestor93 I think this is mainly (exclusively?) due to mini-stimuli and seasonality.
In addition, China could (will?) be hit hard if the US market collapses in the short/medium term due to high tariffs in the US. I'm keeping my feet still in consumer and especially luxury goods. 😊
Edit: But would like to join $PDD and add to $BABA. But I'll wait there too. Will see! 😊
In addition, China could (will?) be hit hard if the US market collapses in the short/medium term due to high tariffs in the US. I'm keeping my feet still in consumer and especially luxury goods. 😊
Edit: But would like to join $PDD and add to $BABA. But I'll wait there too. Will see! 😊
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