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Nine Dragons... lowest valuation play on e-commerce

Tong Kooi Ong
Tong Kooi Ong4/30/2018 07:30 AM GMT+08  • 6 min read
Nine Dragons... lowest valuation play on e-commerce
SNGAPORE (Apr 30): Stocks in my Global Portfolio ended mostly lower in the past one week, mirroring weakness in global equity markets. Investors are nervous when it comes to equities, particularly as worries grow over rising interest rates.
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SNGAPORE (Apr 30): Stocks in my Global Portfolio ended mostly lower in the past one week, mirroring weakness in global equity markets. Investors are nervous when it comes to equities, particularly as worries grow over rising interest rates.

Yields on 10-year US Treasuries rose above 3%, a level not breached since early 2014. While this is still at the lower end of the historical range, it is a marked shift from the years of ultra-low rates.

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