Andy Wong, CMT, was interviewed on Bloomberg TV on Monday, sharing his opinion on the outlook for Chinese technology stocks and the sector at large.
“We noticed that the Chinese economy has been stabilizing, and also we noticed that domestic consumption and Chinese business confidence levels are quite healthy,” said Wong. “That’s why we believe that maybe earlier, the market was too pessimistic about the economy.”
He went on to explain why he believes Huawei, Samsung Electronics and others are good long-term choices, including names associated with 5G infrastructure and online commerce.
“Thinking about different sectors, ZTE goes across 5G infrastructure and is also a mobile phone supplier,” Wong pointed out.
You can watch the full interview online here: China Tech, 5G Stocks Favored by Andy Wong of LW Asset Management