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<Research>G Sachs Lists 'CN Prominent 10', Incl. TENCENT & BABA-W
Recommend 62 Positive 96 Negative 27 |
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Goldman Sachs' report suggested that the investment value of Chinese private-owned enterprise (POEs) is recovering. It listed "Chinese Prominent 10", being top 10 POE behemoths, all rated as Buy, including TENCENT (00700.HK), BABA-W (09988.HK), XIAOMI-W (01810.HK), BYD COMPANY (01211.HK), MEITUAN-W (03690.HK), NTES-S (09999.HK), MIDEA GROUP (00300.HK), HENGRUI PHARMA (01276.HK), TRIP.COM-S (09961.HK), and ANTA SPORTS (02020.HK). Such stocks collectively reflect themes such as AI/ technology development, self-sufficiency, "going global", services, new forms of consumption, and China’s improving shareholder returns. These companies have a total market cap of USD1.6 trillion, occupying 42% of the MSCI China Index weighting, with an expected CAGR of earnings of 13% over the next two years. AASTOCKS Financial News Website: www.aastocks.com |
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