Morgan Stanley picks China shares for the second half of the 12 months
A person carrying a face masks rides a bicycle, because the nation is hit by an outbreak of the novel coronavirus, in Beijing, China February 12, 2020.
Carlos Garcia | Reuters
Morgan Stanley analysts are so cautious on China they’re downgrading a as soon as sizzling sector — and turning to some particular person shares.
A number of uncertainties, akin to inflation, financial coverage tightening and better regulation on Chinese language expertise firms, will weigh on the general market, Asia fairness strategists wrote in a mid-year China shares outlook on Might 17.
On this setting, one of many few certainties is that pricing energy will probably be a key driver of outperformance this 12 months, the analysts wrote. That makes inventory choosing a vital funding technique, they mentioned.
Listed below are 5 of their high picks amongst mainland Chinese language and Hong Kong markets for shares set for double-digit beneficial properties:
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