$CSI 300 Index (000300.SH)$$iShares MSCI China A ETF (CNYA.U...
UOB KH report.
MSCI China now trades at an undemanding 12-month forward PE of 10.2x, or a 37.0% discount to Emerging Asia. This steep discount is unwarranted and they expect valuation to normalise in 2H23, backed by additional policy support. However, a significant rerating is only possible if credit growth accelerates; hence, their index target is at 74 points for now, implying 12.0x target PE. They prefer exposure to automobiles, consumer, industrial automation and online gaming.
$TENCENT(00700.HK$ $Tencent(TCEHY.US$ $ANTA SPORTS(02020.HK$ $BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $KUAISHOU-W(01024.HK$ $TRIP.COM-S(09961.HK$ $YADEA(01585.HK$ $Kweichow Moutai(600519.SH$ $Aier Eye Hospital Group(300015.SZ$ $Estun Automation(002747.SZ$ $WEICHAI POWER(02338.HK$ $CHINA OVS PPT(02669.HK$ $AEM SGD(AWX.SG$ $RH PetroGas(T13.SG$ $Dyna-Mac(NO4.SG$ $Geo Energy Res(RE4.SG$ $Golden Energy(AUE.SG$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Moo Contributor
Follow me to get useful analysis, learn TA and make profitable trades.
Maximise profit 利润最大化
6556Followers
57Following
23KVisitors
Follow
MonkeyGee : this still looks bad