Given the favorable fundamental outlook and liquidity conditions, JP Morgan raised its base / bull / bear case targets for the MSCI Hong Kong Index to 16,500 / 17,300 / 14,500, implying potential changes of 7% / 12% / -6% from current levels, respectively. The broker upgraded the real estate sector to Overweight, adjusted utilities to Neutral, with funding sourced from downgrading consumer discretionary to Underweight. Its top picks include HKEX (00388.HK) +1.800 (+0.442%) Short selling $273.53M; Ratio 21.251% and AIA (01299.HK) +1.050 (+1.235%) Short selling $483.24M; Ratio 21.436% (benefiting from capital market leverage and improved wealth effects), TECHTRONIC IND (00669.HK) +1.800 (+1.538%) Short selling $144.54M; Ratio 20.170% (with upside potential related to AI and resilient US demand), as well as SHK PPT (00016.HK) +1.100 (+0.800%) Short selling $130.21M; Ratio 34.161% and LINK REIT (00823.HK) +0.120 (+0.292%) Short selling $100.20M; Ratio 25.374% (on expectations of an improving property cycle). (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-22 16:25.)Related News CICC's Investment Ratings and TP on Insurance Stocks (Table)
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