KraneShares CSI China Internet ETF

The Fed seems determined to keep kicking the rate cut can down the road.

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With the China internet sector up 15% year-to-date (or KraneShares Trust KraneShares CSI China Internet ETF (NYSE: KWEB) +30% from late-January lows), Goldman Sachs analyst Ronald Keung highlighted the critical numbers in focus heading in the Tencent Holding Ltd (OTC:TCEHY) and Alibaba Group Holding Limited (NYSE:BABA) prints and the investor debates as the companies kick off the results.  The analyst noted first-quarter bottom line (with different earnings set up where he expects +15% year-on-year operating profit growth for Tencent and -8% group EBITA decline yoy at Alibaba, yet mostly priced-in) forward-looking commentaries around second-quarter top-line growth across Tencent’s games re-acceleration and Alibaba’s eCommerce fightback and international & cloud as growth drivers, and any updates to shareholder return policies as ...Full story available on Benzinga.com

Related tickers: TCEHY, BABA, KWEB.