UBS remains optimistic about Chinese stocks

UBS remains optimistic about Chinese stock market, expecting improvement in macroeconomic conditions and corporate profits to further boost the market.
UBS remains optimistic about Chinese stock market, expecting improvement in macroeconomic conditions and corporate profits to further boost the market.
Shares of property developers are rallying in Hong Kong, with Yuexiu Property surging 6.4%, while CIFI Holdings and Poly Developments jumping nearly 6%, and Powerlong, Greentown China, and Longfor Group up more than 4%.
Second-hand home transactions in China’s technology hub of Shenzhen reached 1,096 units in the week of Feb 20 – 27, an increase of 24.4% from the 881 units in the previous week.
There is more than 80% chance for China Telecom’s Hong Kong-listed share price to gain in the next 60 days, with target
The Hang Seng Indexes Company has announced the results of the latest review on the constituent stocks of the Hang Seng Indexes.
Huatai Securities believes that 29 stocks may be added to the Southbound trading of the Mainland – Hong Kong Stock Connect schemes.
Goldman Sachs forecast a stable revenue growth of 7% – 8% and an EBITDA uptick of 6% – 8% for China’s three major telecom operators – China Mobile, China Telecom and China Unicom
The Hang Seng Index fell 0.79% to close at 19,785.9, the Hang Seng China Enterprises Index down 1.33% and the Hang Seng Tech Index sliding 1.62%.
Local cosmetics retailer Sa Sa International is leading the gains with a rise of more than 4%, followed by 3.8% gain in Bosideng International Holdings and 3% rise in Chinese Estates Holdings.
Hong Kong Chief Executive John Lee said that the mask mandate for all locations will be lifted starting from March 1.
Shares of Telecom Service One Holdings surged over 12% in Hong Kong, ZTE Corporation jumping nearly 7%, while China Communication Services and Yangtze Optical Fibre and Cable up more than 2%.
Chinese short video companies are falling in Hong Kong, with Bilibili down more than 3% and Kuaishou down over 1%.
China should step up the efforts to ensure that new wind turbines and PV generators are completed and put into operation on
China’s largest question and answer platform Zhihu, surged as much as 57% to hit HK$36.6, marking the highest on record, before paring gains to close up 39.6% at HK$32.45.
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Chinese search engine giant Baidu surged 15.3% to close at HK$166.3 in Hong Kong on Tuesday, marking the highest level since February
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China’s property transactions declined significantly in January on both yearly and monthly basis, due to the impact of the Spring Festival holiday, China Index Academy (CIA) said in a report.
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The China International Capital Corporation remained constructive on Hong Kong stocks and said that the rally started from November 2022 is now
In Hong Kong, China Hongqiao is sliding more than 6%, Zijin Mining, Shandong Gold, China Nonferrous Mining and China Gold International down more than 5%, Zhaojin Mining, Luoyang Molybdenum, Lingbao Gold, etc. are more than 4%.
China Hongqiao, the world’s top private aluminium producer, said that its net profit for the year ended 31 December 2022 is expected to tumble by about 40% from a year earlier.