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Young Chan's avatar

I'm not against these widely known large new economy Chinese caps and I agree with John about their valuations.

But I think the vast majority of those who buy such stocks ignore the diversification with smaller caps.

Are those smaller Chinese stocks less reliable? No, they are not if they are fully PCAOB inspected like Nisun International for example. So, a few of them are legit, while their metrics are ridiculously low:

The aforementioned NISN trades at a P/E below 1, P/S and P/BV below 0.30, it is growing fast, and it has much cash in hand with negative net debt.

Plus, as I said, NISN has U.S. based auditors, fully inspected by PCAOB.

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