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<Research>UOB Kay Hian's Latest CN Stock Top Picks (Table)
Recommend 126 Positive 237 Negative 99 |
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UOB Kay Hian recently released its Greater China market strategy report. HSI and MSCI China Index rose 7.4% and 6.4% MoM respectively in April, driven by the news of an expansion to the Stock Connect programme in the Chinese market and further relaxation of the restriction on domestic property purchases. With the possibility of further supportive policies rolling out during the Politburo meeting in mid-July, the broker expected that domestic consumer stocks could benefit. UOB Kay Hian inducted CHINA RES BEER (00291.HK), CRYSTAL INTL (02232.HK), GEELY AUTO (00175.HK), HAIER SMARTHOME (06690.HK), KUAISHOU-W (01024.HK), TUOPU GROUP (601689.SH), PDD (PDD.US), SHENZHOU INTL (02313.HK), and TENCENT (00700.HK) into its latest top picks. Meanwhile, the broker suggested taking profit for CM BANK (03968.HK), LI AUTO-W (02015.HK), TRIP.COM-S (09961.HK), and EVE ENERGY (300014.SZ), as well as cutting loss for BYD COMPANY (01211.HK). UOB Kay Hian's latest top picks for Chinese stocks are listed below: Stock│Rating│Target Price AIA (01299.HK)│Buy│HK$95 CHINA RES BEER (00291.HK)│Buy│HK$65.5 CRYSTAL INTL (02232.HK)│Buy│HK$4.42 GEELY AUTO (00175.HK)│Buy│HK$13 HAIER SMARTHOME (06690.HK)│Buy│HK$31 HANSOH PHARMA (03692.HK)│Buy│HK$25 KUAISHOU-W (01024.HK)│Buy│HK$85 LENOVO GROUP (00992.HK)│Buy│HK$10.5 MIDEA GP (000333.SZ)│Buy│RMB76.2 TUOPU GROUP (601689.SH)│Buy│RMB86 PDD (PDD.US)│Buy│US$183 INOVANCE TECH (300124.SZ)│Buy│RMB75.5 SHENZHOU INTL (02313.HK)│Buy│HK$93.6 SUNNY OPTICAL (02382.HK)│Buy│HK$63 TENCENT (00700.HK)│Buy│HK$382 AAStocks Financial News |
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