FLCH: Export Resilience And Cheap Valuations Underpin Our Still Bullish Stance

Core Insights - FLCH is currently priced at a 27-30% discount compared to global stocks, indicating a potential investment opportunity in the context of global market valuations [1] - China's trade performance is highlighted by a significant $1 trillion trade surplus, showcasing the strong global presence of Chinese goods and services [1] - Anticipated fiscal and monetary policy enhancements in 2026 are expected to support increased consumption, further benefiting the economic landscape [1]