China Markets Going to Take a Breather: Xingtai Capital's Leung

The video discusses the market's potential pause after a strong 2020, driven largely by multiple expansion. The speaker highlights their portfolio's performance, which outperformed the index due to earnings growth. They emphasize a strategy focused on growth stocks with value overlays, targeting sectors like property management, sporting goods, and education. The speaker remains optimistic about continued upside in 2021, despite a more muted market outlook.

What was the primary driver of market gains in 2020 according to the speaker?

• Interest rate cuts

• Multiple expansion

• Government stimulus

• Earnings growth

What is the speaker's outlook for the market in 2021?

• A strong growth year

• A more muted year compared to 2020

• A significant market crash

• A year of high volatility

How did the speaker's portfolio performance differ from the broader market in 2020?

• It underperformed the market

• It was driven mainly by multiple expansion

• It was driven by government policies

• It was driven mainly by earnings growth

What is the speaker's investment strategy?

• Investing in only technology stocks

• Focusing on short-term gains

• Focusing on growth stocks with value

• Investing in high-risk stocks

Which sector is NOT mentioned as a preference by the speaker?

• Higher education providers

• Sporting goods manufacturers

• Property management services

• Automobile manufacturers