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UBS Wealth Management APAC's CIO Downgrades CN Stocks to Neutral
Recommend 5 Positive 3 Negative 8 |
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Recent data suggests that demand remains weak, with the real estate sector particularly under pressure, mainly due to cautious policy and slow progress in destocking measures, UBS Wealth Management APAC's Chief Investment Office (CIO) noted. Considering that macroeconomic and geopolitical uncertainties are likely to intensify, it downgraded Chinese stocks to Neutral from Bullish, advising investors to increase defensive allocations in leveraged strategies. In addition, investors are suggested to focus on excess return opportunities and defensive stocks with higher earnings visibility and resilience, as well as those that can deliver solid returns, particularly in the utilities, energy, telecommunications, and financial sectors. AAStocks Financial News |
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