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CICC: CN Shr Valuation Downside Limited in 2H19; Recommends Buying Software, Telecom, Auto, Healthcare Stocks
2019-06-19 11:48:22
CICC opined in the 2H19 investment outlook report that market valuation will recoup to the historically mid-to-low level, adding any H-share market upside or downside would be unlikely. Under baseline scenario, the broker targeted Hang Seng China Enterprises Index and MSCI China Index at around 11,000 and 81 (up about 8.7% and 14% YoY), respectively.

Looking forward, CICC recommended buying the following sectors for 2H19: software, media, telecommunication and services, car, home appliance and apparel, food and beverage and healthcare. Please refer to a separate table for the broker's H-share top-picks.

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