Investors anticipate robust future growth from China Overseas Property Holdings, reflected in its high P/E ratio. The promising earnings outlook is driving its high P/E, with shareholders confident about future earnings.
$CSI 300 Index(000300.SH)$$iShares MSCI China A ETF(CNYA.US)$ 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, co...
China Sector Share Price Performance in 2022 2023 outlook will be righter because of soothing property,Covid beta,(after 2-years roller-coaster ride). Here are a few reasons: 1.most have changed in a good way for long term,For example ,rapid move into independence, non-resi, decline of excessive profitability); even the headwinds (less new-home GFA, slower VAS) are useful to distinguish consolidators; 2.intact biz nature: asset-light wi...
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