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El Salvadorâs âlimitedâ use of Bitcoin prevents forecasted risks, says IMF - Read more
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El Salvadorâs âlimitedâ use of Bitcoin prevents forecasted risks, says IMF - Read more
BY đ„Quick Profit Signalsđ„
The STAR Market, as is implied by the name, is heavily geared toward smaller innovative tech companies, in particular those engaged in strategically important fields, such as biopharmaceuticals, 5G technology, semiconductors, and new energy. The STAR Market currently has 340 listed securities. The STAR Market is seen as important for Chinaâs high-tech and emerging industries, providing a space for smaller companies to raise capital in China. This is especially significant for technology companies that may be viewed with suspicion on overseas stock exchanges.
However, analysts are positive on the stock now. âWe have seen a huge downside movement in the stock due to the central electricity regulatory commissionâs (CERC) order that seems to be negative from 2014-15 onwards but we cannot take a linear negative view on the stock and further downside movement on the stock is unlikely. Currently stock is underpriced. Investors can bet on it for a longer horizon," said Vivek Gupta, director research at CapitalVia Global Research.
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