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<Research>HSBC Research: CN Mkt Focus May Shift from Policy to Fundamentals w/ Stimulus Benefiting 6 Sectors
Recommend 67 Positive 111 Negative 55 |
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The market focus is likely to shift from policy to fundamentals, while market dynamics will return to stock-picking, HSBC Global Research issued a research report saying. The broker detailed 6 sectors that will benefit from the stimulus. Of which, for consumers, sub-sectors such as baijiu, home appliances and furniture will benefit from future consumption stimulus and trade-in consumption subsidies. For consumer electronics, the supply chain of this sector is well positioned to benefit from the consumption stimulus. For industrials, broad equipment renewals are expected in 2H24-2025. HSBC Global Research reiterated its targets of 3,800/ 4,700/ 12,000 for the SHCI/ the CSI 300 Index/ the SZCI each, implying 16-19% upside. However, the broker said that investors still needs to be aware of the potential risks of a rebound, with a surge in buying from retail investors and selling from corporate insiders. AAStocks Financial News |
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