Cheung Siu-chung: JD.com's positioning outperforms peers and offers good value

Cheung Siu-chung believes JD.com (9618) has a positioning that outperforms peers and offers good value, and that Hong Kong stocks have a chance of a short-term technical rebound, making JD.com a decent entry target. The Hang Seng Index fell 150 points yesterday to close at 24,130 points, with turnover of 94.7 billion dollars. He said that after breaking record highs, the US stock rally is not particularly strong and there is a need for a short-term correction.