Bernstein predicts which Chinese stocks can survive delisting and tariff worries

Bernstein is looking at Chinese internet tech stocks like it's the downtrodden days of Covid-19. "For all the justified consternation around geopolitics and trade headwinds, we think the mantra of 'fade sentiment extremes' still applies," Bernstein China internet analyst Robin Zhu and a team said in an April 14 report. "Several of the other conditions that marked prior bottoms in the China internet sector now apply again," they said, pointing out that valuation multiples have mostly fallen back to the lows seen in the 2021 to 2023 period. Tighter government regulation on Chinese internet businesses and the Shanghai lockdown in 2022 had weig...
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