China restarts its rebound — these industries and stocks are worth investing in
Institutions including Bank of America and J.P. Morgan Stanley and Morgan Stanley raised their recommendations for Chinese stocks. They also mentioned opportunities worth investing in.
1. Are top institutions beginning to be optimistic about China's stocks?
1) Morgan Stanley raised the stock position of the Morgan Stanley Capital International China Index to “outperform the market” in “equal weight” and raised the target of the Hang Seng Index from 18200 points to 21200 points.
1) Morgan Stanley raised the stock position of the Morgan Stanley Capital International China Index to “outperform the market” in “equal weight” and raised the target of the Hang Seng Index from 18200 points to 21200 points.
2) Goldman Sachs predicts 16% index return $MCA Futures(JUN4)(MCAmain.HK$ as well $CSI 300 Index(000300.SH$ It is also recommended to outperform the market and distribute it to China.
3) J.P. Morgan Chase expects 10% potential growth in 2010 Morgan Stanley Capital International China 2023.
4) Bank of America Securities said the market may have rebounded, but there is still a great opportunity to “buy Chinese stocks” in the next few months.
But not all institutions are optimistic about China.
UBS is still waiting for a clearer outlook
Eva Lee, head of equity in Greater China at UBS Global Wealth Management, said: “We would rather miss the initial 10% increase and wait until we see more clear and sustained signs of a policy shift.”
Eva Lee, head of equity in Greater China at UBS Global Wealth Management, said: “We would rather miss the initial 10% increase and wait until we see more clear and sustained signs of a policy shift.”
2. These industries & stocks worth investing in
Analysts said that the two sets of stocks will be the biggest beneficiaries of China's reopening.
Analysts said that the two sets of stocks will be the biggest beneficiaries of China's reopening.
1. Companies directly benefiting from hotels, beer, transportation, aviation, airports, etc., as well as casino operators in Macau. When people can travel freely, their business increases.
2. Large-cap indices, heavy liquidity, high beta indices. (Probably a tech company)
2. Large-cap indices, heavy liquidity, high beta indices. (Probably a tech company)
1) Tourism stocks rose:
airlines- $CATHAY PACIFIC AIR(CPCAY.US$ An increase of more than 5%, $CHINA SOUTH AIR(01055.HK$ as well $CHINA EAST AIR(00670.HK$ Over the past month, every stock has risen about 10%.
Gaming industry- $SANDS CHINA LTD(01928.HK$ An increase of 33.07%; $GALAXY ENT(00027.HK$ It has risen 17 in the past month
On November 28, J.P. Morgan Chase increased its holdings $GALAXY ENT(00027.HK$ It was reduced from HK$42.6809 per share to 199.6 billion 54 million shares, for a total of approximately HK$853 million.
2) There has also been a rebound on the Internet in Greater China
2) There has also been a rebound on the Internet in Greater China
China's stock strategist Bank of America selected internet and financial stocks to lead a short-term rebound.
Morgan Stanley proposed increasing allocations to consumer goods companies a second post-pandemic sector, as well as increasing allocations to offshore Chinese stocks.
Tech stocks rose sharply $Bilibili(BILI.US$ An increase of 73.94 percent. $PDD Holdings(PDD.US$ an increase of 40.81%, and $MEITUAN-W(03690.HK$ Increased by 12.57%. $TENCENT(00700.HK$ It has risen 22.13% over the past month.
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