HSI1 28,461.66 -131.51 60.59B
HSCEI1 10,784.55 -63.36 16.82B
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Citi Keeps End-19 HSI Target at 30,000; Recommends 5 Top Picks Incl. HKEX
2019-06-18 12:17:54
Citigroup maintained the 2019 Hang Seng Index target at 30,000 in its 2H19 market outlook report, representing a 11.8x P/E for 2019. The latest Hong Kong top picks are BOC HONG KONG (02388.HK), HKEX (00388.HK), LINK REIT (00823.HK), SANDS CHINA LTD (01928.HK) and SHK PPT (00016.HK).

The broker remained Overweight on Hong Kong developers, as higher-yield developers turned attractive again after property price bottoming in February.
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