Citigroup expects the Indian stock market to rise by 10% this year, marking the 10th consecutive year of growth.

Citigroup expects that the Indian stock market, which is valued at 5 trillion dollars, will rise for the 10th consecutive year this year, driven by economic growth recovery and strong corporate profits. Citigroup has set a target of 26,000 points for India's benchmark stock index, the Nifty 50 Index, which means the index will rise 10% compared to its closing position at the end of last year. The index is expected to close in 2024 at about 5% higher than the Wall Street bank's forecast of 22,500 points. Strategists at Citigroup, including Surendra Goyal, wrote in a report, "Considering the diversification of listed companies, India"

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Morgan Stanley: Set a 'Market Perform' rating for China Tourism Group Duty Free Corporation, with the Target Price adjusted to 55 Hong Kong dollars.

Morgan Stanley released a research report stating that the Target Price for China Tourism Group Duty Free Corporation (01880) has been lowered from 60 Hong Kong dollars to 55 Hong Kong dollars, with a rating of "in line with the market." The report noted that last year, Hainan was the main factor dragging down the Chinese tourism retail market, with offline duty-free store sales dropping by 29% year-on-year to 30.9 billion RMB. Due to a lower base and the possibility of China Tourism Group offering more discounts, offline duty-free store sales in Hainan are expected to narrow their year-on-year decline to 5% by December 2024, with the impact likely diminishing by 2025. Morgan Stanley believes that the recovery of China Tourism Group's port business has already gained traction.

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Morgan Stanley Is Maintained at Buy by B of A Securities

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Morgan Stanley Analyst Ratings

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