KGI Asia Sets HSI 2024 Target at 19,260, Expects CN Econ Growth at 4.9%
Kenny Wen, Head of Investment Strategy at KGI Asia, remarked that the 2024 target for $Hang Seng Index (800000.HK)$ was set at 19,260.
Wen favored stocks that are well-positioned to benefit towards the latter part of the rate-hike cycle, including $TENCENT (00700.HK)$ , $KUAISHOU-W (01024.HK)$ , and $BIDU-SW (09888.HK)$.
And stocks that should be stable performers, such as $CHINA MOBILE (00941.HK)$ and $SPDR Gold Trust (02840.HK)$ .
As for China, Wen anticipated that the Chinese government would set the economic growth target for 2024 at the range of 4.5-5%, while the economic growth of the year was projected to reach 4.9%.
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Mikey Sheung Wan : bullshit....HKSE will touch 12000 at the end of 2024. idiot CCP