Top Picks by HSBC: Meituan, Tencent, NetEase, and Pinduoduo Lead Chinese New Economy Stocks
HSBC Global Research presents its top recommendations for Chinese new economy stocks, highlighting the most promising opportunities for investors. Despite ongoing challenges, these stocks stand out for their strong performance, defensive strategies, and growth potential.
1. $MEITUAN-W(03690.HK$ : Continues to lead the food delivery sector and poised for growth in in-store businesses.
2. $TENCENT(00700.HK$ : Supported by a 5% shareholder return and leveraging artificial intelligence for advertising growth.
3. $NTES-S(09999.HK$ : Offers a 5.8% return to shareholders, with sustainable market share growth expected.
4. $PDD Holdings(PDD.US$ : Shows better-than-expected growth domestically and internationally, with risks reflected in its current share price.
HSBC Global Research emphasizes the importance of defensive strategies against competition, significant share buybacks, and dividend distributions. While regulatory risks persist, these stocks present lucrative opportunities for investors seeking strong returns in the Chinese new economy sector.
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