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<Research Report>JPM Foresees MSCI CN Index to Grow 10% by End-2023, Recommends 4 Key Investment Themes Incl. Consumption, Infra
Recommend 114 Positive 222 Negative 89 |
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Based on the projection of about 9.8x P/E and 14% EPS growth in the coming year, the MSCI China Index will hail a potential upside of about 10% from now until the end of 2023, indicating that it will return to the August 2022 level, predicted JPMorgan. The broker recommended investors to focus on four key investment themes, namely consumption, infrastructure investment, quality financial service providers and domestic industrial production. The top picks include TENCENT (00700.HK), CHINA MOBILE (00941.HK), Pinduoduo (PDD.US), BYD COMPANY (01211.HK), YUM CHINA (09987.HK)(YUMC.US), TSINGTAO BREW (00168.HK), Moutai, Mindray, Hengrui, COSL, CHINA SHENHUA (01088.HK), CRG, Hengli Hydraulic, Sungrow, CATL, CNBM (03323.HK), ANGANG STEEL (00347.HK), GANFENGLITHIUM (01772.HK), Longi, Luxshare, Huafeng Test & Control, CHINA LONGYUAN (00916.HK), CCB (00939.HK), CHINA LIFE (02628.HK), CITIC SEC (06030.HK), CHINA OVERSEAS (00688.HK) and CHINA RES LAND (01109.HK). AAStocks Financial News |
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