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Citi: Economic growth in Europe may drive local stock market performance, with CKH HOLDINGS and other companies potentially benefiting.
Citi released a Research Report stating that the total defense spending plan of the European Union amounts to 8.0 billion euros, aiming to increase the proportion of defense spending to GDP to 3%. This will not only stimulate economic growth in Europe but may also boost local stock market performance and provide opportunities for Chinese companies with significant exposure in the European market. Citi has given a "Buy" rating for large Chinese enterprises with at least 25% of their revenue from Europe, including: CKH HOLDINGS (00001), VTECH HOLDINGS (00303), Yealink Network Technology (300628.SZ), Beijing Roborock Technology (688169.SH), JOHNSON ELEC H (00179), Zhejiang Supor (0
Citi: Economic growth in Europe may drive local stock market performance; CKH HOLDINGS (00001) and other companies may benefit.
According to the analysis of the bank, in the Chinese stock market, the industries with a high proportion of income from Europe include Comprehensive Enterprise, Capital Goods, Communication Infrastructure, Consumer Goods, and CECEP Solar Energy.
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