Morgan Stanley upgrades to overweight
Following the news of China further relaxing some of its Covid restrictions, strategists at $Morgan Stanley(MS.US$ raised its recommendation rating for Chinese equities to overweight.
Strategists led by Laura Wang said in a Sunday note that the upgrade marks the end of the firm's equal-weight stance on Chinese equities that it has held for 23 months since January 2021, or almost two years.
Morgan Stanley noted multiple factors that indicate a "meaningful positive development" for Chinese stocks since November, including what the firm views as "a confirmed path towards final post-Covid reopening."
A “path towards reopening is finally set, likely bumpy but with no turning back,” the note said, adding that a clear direction for the nation to open up was reinforced when health officials announced detailed plans to boost elderly vaccinations.
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Giovanni Ayala :
whqqq : Let's see if there will be any good news at the press conference tomorrow.
紫阳 Giovanni Ayala: Is this a buying summary??
Giovanni Ayala whqqq: Like there always is
Giovanni Ayala 紫阳: Maybe
紫阳 Giovanni Ayala: Ha, China has been very strong lately
whqqq 紫阳: Did you buy it?
Giovanni Ayala 紫阳: Yeah, But there weakness in Strategies is in Real Estate Projects which can Gravely impact your Lower class economys which make a common person work harder for there profits just observation
