Recessions will likely help CI1, but there will be a lag between company earnings contracting and going bankrupt. Also Chinese stimulus might have an adverse effect on their earnings if it artificially props up dying businesses for longer.
I expect the annual report to have good earnings, with a bit of a bump up in SP but won't skyrocket as the overall stocker trend is negative. Also remember there is always less retail investors when bear markets take full effect, and the CI1 price is basically set by retail sentiment.
I suspect value will be unlocked when the bear market ends, and we start trending upwards again. Might be 1 year away, maybe 3 who knows.
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