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<Research>JPM Expects CN Banks to Outperform Mkt; ICBC/ CCB Shall Remain Defensive
Recommend 19 Positive 30 Negative 11 |
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JPMorgan issued a research report expecting that Chinese banks will outperform the market amid escalating Middle East conflicts and rising market risk aversion. Regarding individual stocks, the broker believed that ICBC (01398.HK) and CCB (00939.HK) should remain defensive in a risk-off environment, while BANK OF NINGBO (002142.SZ) continue to show strong potential. However, JPMorgan saw the greatest upside potential in laggards, which may offer excellent dividend yields, such as CMB (600036.SH)'s A-shares and ICBC, or possess growth prospects, like PU DEV BANK (600000.SH). AASTOCKS Financial News Website: www.aastocks.com |
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