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KGI Estimates HSI to Hit 30,000 by Yr-End, Recommends 12 Stocks Incl. XPENG-W/ UBTECH ROBOTICS/ TENCENT/ BABA-W
KGI has released a global market outlook, in which it estimated external pressures would slow China's GDP growth in real terms to 4.6% this year despite receded risks following...
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KGI Estimates HSI to Hit 30,000 by Yr-End, Recommends 12 Stocks Incl. XPENG-W/ UBTECH ROBOTICS/ TENCENT/ BABA-W
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KGI has released a global market outlook, in which it estimated external pressures would slow China's GDP growth in real terms to 4.6% this year despite receded risks following the conclusion of multiple trade agreements between countries.

Holding a bullish outlook for the HSI, KGI predicted that Fed rate cuts would drive capital back into H- and A-shares. It lifted the forecast P/E/ earnings growth to 13.5x/ 8% based on an expected P/E to reflect capital inflow into H- and A-shares. It also set a year-end target for the HSI at 30,000, marking a potential increase of about 14%.

Related News Deutsche Bank Reiterates POP MART (09992.HK) Sell Rating, Expects Sales May Face Challenges
KGI recommended 12 major stocks, namely XPENG-W (09868.HK)  -4.200 (-6.330%)    Short selling $346.13M; Ratio 36.005%   , UBTECH ROBOTICS (09880.HK)  -2.900 (-2.708%)    Short selling $27.67M; Ratio 11.879%   , TENCENT (00700.HK)  -8.400 (-1.667%)    Short selling $1.15B; Ratio 16.985%   , BABA-W (09988.HK)  -1.100 (-0.837%)    Short selling $543.36M; Ratio 16.038%   , CHINAHONGQIAO (01378.HK)  -1.280 (-3.526%)    Short selling $100.23M; Ratio 18.178%   , AIA (01299.HK)  -1.300 (-1.563%)    Short selling $237.84M; Ratio 20.541%   , PING AN (02318.HK)  -0.850 (-1.387%)    Short selling $240.48M; Ratio 32.703%   , CM BANK (03968.HK)  +0.150 (+0.295%)    Short selling $136.72M; Ratio 51.317%   , AKESO (09926.HK)  -17.500 (-11.721%)    Short selling $231.99M; Ratio 11.573%   , POP MART (09992.HK)  -4.600 (-2.871%)    Short selling $311.85M; Ratio 22.949%   , TME-SW (01698.HK)  -1.240 (-3.238%)    Short selling $16.32M; Ratio 38.605%   , and SINO LAND (00083.HK)  +0.200 (+1.645%)    Short selling $7.79M; Ratio 32.272%   .
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-23 12:25.)

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