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JPM Wendy Liu: Potential Upside ~20% for A-/ H-shrs Next Yr
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Supported by resilient global growth, improved corporate earnings and eased competition among e-commerce giants, the equity markets of mainland China and Hong Kong may deliver nearly 20% returns next year, Wendy Liu, chief China equity strategist at JPMorgan, said. With valuation normalization and Beijing's efforts to limit excess production capacity to boost profitability in key industries, the broker expected the MSCI China Index to further rebound. Liu expressed confidence in earnings, and added that, after experiencing a downturn from 2021 to mid-2024, the Chinese market is in a profit recovery phase with valuations at multi-year lows. AASTOCKS Financial News Website: www.aastocks.com |
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