[ET Net News Agency, 10 December 2018] Credit Suisse expects the market to stabilise in
2019 after a sharp fall in 2018 year-to-date, but the upside will be capped by weak
earnings outlook.
With real/nominal GDP growth potentially at 6.2%/8.5%, the research house expects
China's 2019 earnings growth at 5%.
Its base case scenario index targets for MSCI China/HSI/HSCEI are 72/27,000/12,000,
while its blue sky scenario index targets for MSCI China, HSI, HSCEI, SHCOMP and CSI 300
are 90, 32,000, 13,500, 3,200 and 4,100, respectively, all implying 20% or higher upside.
Credit Suisse "overweight" on Banks and Utilities. Its top five stock picks are Bank of
China (03988), China Gas Holdings (00384), Galaxy Entertainment (00027), Jiangsu Hengli
Hydraulic (Shanghai code: 601100), and Kweichow Moutai (Shanghai code: 600519). (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00384 CHINA GAS HOLD
Nominal 
7.250 +0.130 (+1.826%) Others
10/12/2018 18:01
[I-bank focus]CS set 2019 HSI/HSCEI targets at 27,000/12,000
| Remark: | Real time quote last updated: 26/04/2024 18:00 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |