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<Research>M Stanley: Top Picks Among CN Financials This Yr Include PING AN/ MINSHENG BANK/ CICC/ Others
Recommend 50 Positive 73 Negative 26 |
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Morgan Stanley released its research report anticipating that the Chinese financial market will bottom out in 2025, and re-enter a positive development cycle. Key characteristics include a gradual recovery in new loan and financial asset yields, orderly digestion of high-risk financial assets, stable credit costs and an active capital market. Morgan Stanley maintained its positive outlook on Chinese financials, with the insurance sector being its preferred sector. PING AN (02318.HK) remains the broker's top pick, driven by structural growth in household assets and product innovation. Among Chinese banks, BANK OF NINGBO (002142.SZ) stands out for its robust revenue and profit growth; while MINSHENG BANK (01988.HK) offers turnaround potential. For brokers, Morgan Stanley said that CICC (03908.HK) and Futu Holdings (FUTU.US) are its top picks. Besides top picks, Morgan Stanley viewed Chinese financials as steady performers this year, including Chinese banks like CCB (00939.HK) and BANK OF CHINA (03988.HK) (offering stable profit growth and 6% dividend yields). Among Chinese insurers, PICC P&C (02328.HK) and PICC GROUP (01339.HK) are favored. AASTOCKS Financial News Website: www.aastocks.com |
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