NVDA
NVIDIA
-- 139.670 TSLA
Tesla
-- 430.600 PLTR
Palantir
-- 80.690 AMD
Advanced Micro Devices
-- 124.600 RGTI
Rigetti Computing
-- 10.9600 
China restarts rebound - these industries and stocks worth investing in
Institutions including Bank of America and J.P. Morgan Stanley have raised their recommendations for Chinese stocks. They also mentioned investment opportunities worth considering.
Are top institutions bullish on Chinese stocks?
1) Morgan Stanley has raised the position of Morgan Stanley Capital International China Index stocks to 'equal weight' from 'outperform the market' and has increased the target of Hang Seng Index from 18200 points to 21200 points.
1) Morgan Stanley has raised the position of Morgan Stanley Capital International China Index stocks to 'equal weight' from 'outperform the market' and has increased the target of Hang Seng Index from 18200 points to 21200 points.
2) Goldman Sachs predicts a 16% return on indexes. $MCA Futures(JAN5) (MCAmain.HK)$ and $CSI 300 Index (000300.SH)$ and suggests allocating outperforming the market to China.
3) J.P. Morgan expects a potential upside of 10% for the Morgan Stanley Capital International China Index in 2023.
4) Bank of America Securities has stated that the market may have rebounded, but there is still a great opportunity to 'buy' Chinese stocks in the coming months.
However, not all institutions are bullish on China.
UBS is still waiting for clearer prospects.
Eva Lee, the head of UBS's global wealth management in Greater China, said, "We would rather miss the initial 10% increase and wait until we see clearer and sustained signs of policy reversal."
Eva Lee, the head of UBS's global wealth management in Greater China, said, "We would rather miss the initial 10% increase and wait until we see clearer and sustained signs of policy reversal."
2. These industries and stocks are worth investing in.
Analysts believe that two types of stocks will be the biggest beneficiaries of China's reopening.
Analysts believe that two types of stocks will be the biggest beneficiaries of China's reopening.
1. Companies directly benefiting from industries such as hotels, beer, transportation, airlines, airports, and casino operators in Macao. Their business will increase when people can travel freely.
2. Large cap indexes, high liquidity, and high beta indexes. (Possibly technology companies.)
2. Large cap indexes, high liquidity, and high beta indexes. (Possibly technology companies.)
1) Rising tourism stocks:
Airlines- $CATHAY PACIFIC AIR (CPCAY.US)$ Up more than 5%. $CHINA SOUTH AIR (01055.HK)$ and $CHINA EAST AIR (00670.HK)$ Each stock has increased by around 10% in the past month.
Gambling industry- $SANDS CHINA LTD (01928.HK)$ grew by 33.07%; $GALAXY ENT (00027.HK)$ It rose 17% in the past month.
On November 28, JP Morgan Chase increased its shareholding. $GALAXY ENT (00027.HK)$ Reduced to 1,996,500,000 shares at a price of HKD 42.6809 per share, totaling approximately HKD 853 million.
2) Greater China's internet also saw a rebound
2) Greater China's internet also saw a rebound
The stock strategist at Bank of America selected internet and financial stocks to lead the short-term rebound in China.
Morgan Stanley recommends increasing allocation to consumer companies in an industry after the second major outbreak, as well as increasing allocation to offshore Chinese stocks.
Technology stocks rose sharply $Bilibili (BILI.US)$ up 73.94%, $PDD Holdings (PDD.US)$ up 40.81%, and $MEITUAN-W (03690.HK)$ up 12.57%. $TENCENT (00700.HK)$ The past month has seen an increase of 22.13%.
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