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<Research>UBS's Newest CN Stock Top Picks (Table)
Recommend 36 Positive 60 Negative 26 |
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UBS commented in a China Equity Strategy report that the escalation in Middle East conflicts could have several potential impacts on China's stock market. The first is increased asset price volatility and heightened risk sentiment, the second is that it could lead to higher input costs for companies, which could drag down earnings performance, and the third is that higher headline inflation could affect investors' interest rate expectations. However, the broker remained constructive on the Chinese market and continues to focus on high dividend stocks as a core component of its portfolio. The broker updated its list of top picks for Chinese stocks, inducting Trip.com (TCOM.US), ZIJIN MINING (601899.SH), YUTONG BUS (600066.SH), CRRC (601766.SH), AGRICULTURAL BANK (601288.SH), and YANGTZE POWER (600900.SH) into the list. At the same time, ANTA SPORTS (02020.HK), MINDRAY BIO-MEDICAL (300760.SZ), CHINA DUTY FREE (601888.SH) and MENGNIU DAIRY (02319.HK) were removed from the list. UBS listed its top picks for Chinese stocks: (1) Existing Top Picks Stock│Target Price CHINA RES BEER (00291.HK)│HK$43.7 TENCENT (00700.HK)│HK$428 Yum China (YUMC.US)│US$54 New Oriental Education & Technology (EDU.US)│US$119.5 KUAISHOU-W (01024.HK)│HK$85 MEITUAN-W (03690.HK)│HK$135 CHINA RES LAND (01109.HK)│HK$42 (2) Newly Included Stocks Stock│Target Price Trip.com (TCOM.US)│US$52 ZIJIN MINING (601899.SH)│RMB17.5 YUTONG BUS (600066.SH)│RMB28 CRRC (601766.SH)│RMB8.6 AGRICULTURAL BANK (601288.SH)│RMB4.2 YANGTZE POWER (600900.SH)│RMB26.1 (3) Removed Stocks Stock│Target Price ANTA SPORTS (02020.HK)│HK$107.5 MINDRAY BIO-MEDICAL (300760.SZ)│RMB390 CHINA DUTY FREE (601888.SH)│RMB110 MENGNIU DAIRY (02319.HK)│HK$24.9 AAStocks Financial News |
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