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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.
AAStocks Financial News
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