Not every tech stock is expensive. Samsung Electronics trades at half the valuation multiples of smartphone peers, has expected net profit growth of 80% over two years and net cash totaling 25% of its market cap.
Alibaba, Xiaomi and Meituan Dianping will be added to the Hang Seng indices on 7 Sep. Historically, index inclusions appear to have an effect. Just not in the way you might expect!