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<Research>HSBC Research Lists Asia Best Stock Ideas in 3Q (Table)
Recommend
27
Positive
42
Negative
14
Asia
Shares│ TPs
TENCENT (00700.HK)│HK$650
XIAOMI-W (01810.HK)│HK$80.4
MIDEA GROUP (00300.HK)│HK$105
HORIZONROBOT-W (09660.HK)│HK$10.2
South Korea’s SK Hynix (000660.KS)│KRW36,000
Indonesia’s Bank Central Asia (BBCA IJ)│IDR10,300
India’s Trent (TRENT.IN)│INR6,600
India’s Godrej Consumer Products (GCPL.IN) │ INR1,420

HSBC Global Research also listed the catalysts for the above stocks (only Hong Kong stocks are listed below):
Shares│Catalysts
Tencent│Game performance may beat; more AI functions are pushed in the WeChat ecosystem; and segment profit margin may beat
Xiaomi│Future capacity expansion plan to meet strong EV demand, especially the second and third phase facilities; EV sales may expand to overseas markets from 2027
Midea│Strong air-con sales in the summer peak season; increased subsidies for home appliance trade-in and better-than-expected progress in tariff negotiations
Horizon Robotics│BYD "God's Eye" C model is in mass production; Geely G-Pilot H3 model will be launched in 2H25

Related NewsHSBC Research Keeps Outlook on TENCENT's Core Biz Unchanged; TP Raised to HKD650 w/ Rating Buy Maintained

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