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CICC Forecasts HSI to Reach Max. 29,000 Next Yr; CN AI Hardware Outlook Stronger Than Software
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Under the baseline scenario, the HSI is expected to reach 26,000 by the end of this year and 28,000-29,000 next year, with Hong Kong stock earnings growth of 3-4% and a slight incline in valuation, Kevin Liu, Chief Offshore China and Overseas Strategist and Managing Director at CICC Research, said. With national policy support, in an optimistic scenario, the HSI could rise to a maximum of 31,000. In terms of AI, Liu believed that, in the China market, hardware prospects are stronger than software, including semiconductor equipment and others, due to policy support, but it is still difficult for companies to monetize software. Regarding market concerns about the AI bubble, he believed that bubbles will eventually exist, but the risk is not significant at present. He did not advise investors to exit early. AASTOCKS Financial News Website: www.aastocks.com |
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