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<Research Report>Daiwa Adds HWORLD-S, WUXI BIO, LONGI GREEN ENERGY to CN/HK Mkts Top Picks
2023/02/03 09:58
Daiwa released a report, predicting mutual funds’ enthusiasm towards the investment theme of China's reopening will weaken in the first quarter of this year, and the valuations of some transportation and tourism stocks have rebounded to the pre-Covid levels in 2019.

Hence, the broker changed its top picks to HWORLD-S (01179.HK) and LONGI GREEN ENERGY(601012.SH) in the China and Hong Kong markets, replacing CHINA DUTY FREE(601888.SH) and SANDS CHINA LTD (01928.HK), which have increased by more than 30% and 1.1 times in the past three months.

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Meanwhile, the broker also added WUXI BIO (02269.HK) and MINDRAY BIO-MEDICAL(300760.SZ) to its preferred list, and rated Buy on both.

The broker pointed out that TENCENT (00700.HK), HKEX (00388.HK) and KUAISHOU-W (01024.HK) were the stocks that mutual funds preferred to buy last quarter.
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