China’s residential property sales to drop 10% in 2023, housing demand to shrink to 928 mln sqm in 2030 – research
China’s residential property sales by floor area are expected to decline by about 10% in 2023, with sales to drop about 20%
Category: VIEWS & ANALYSIS
Goldman Sachs upgraded China stock targets for a third time in over two months
Goldman raised its year-end target for the MSCI China Index to 85 from 80, implying a 13% upside from the current level.
Morgan Stanley keeps Tencent at Overweight, with target price at HK$420
Tencent Holdings’ fourth-quarter revenue was expected to grow by 1% year over year, fueled mainly by the recovery of international game business
Goldman Sachs raised target price of China Mobile to HK$64 from HK$58.9, rating kept at Neutral
China Mobile should continue to lead the 5G/ mobile segment, while it’s expected to catch up to China Telecom in terms of cloud
CATL, BYD saw global market share expand further as South Korean rivals’ share dropped further – research
South Korean electric vehicle battery makers’s global market share dropped in the first 11 months of 2022 from a year earlier amid robust growth of Chinese rivals, shows a research.
China’s coal demand to peak at 4.08 bn tonnes in 2024, natural gas demand to peak in 2040 – research
China’s annual coal consumption is expected to reach a peak of 4.08 billion tonnes in 2024, accounting for 50% of the country’s total primary energy mix, according to a report released by a research institute of China’s energy giant Sinopec Group.
Yum China stocks gained driven by BlackRock stock purchase, recovery outlook in China
Shares of Yum China gained 3.4% to close at HK$449 in Hong Kong. BlackRock, Inc spent HK$1.304 billion bought 2.99 million shares
World Bank cut China growth outlook, citing sudden relaxation of Covid curbs, persistent stress in real estate
The World Bank has cut its China growth outlook for this year and next, citing the impact of the abrupt relaxation of COVID-19 restrictions and persistent stress in the real estate sector.
BofA Securities raised the target price on Trip.com to HK$330 from HK$283, with Buy rating
Online travel agency Trip.com posted stable earnings for the third quarter and in the fourth quarter, it’s expected to record a 29% drop in net revenue said the BofA Securities in a note.
China’s government economist forecast GDP growth could reach 8% in 2023
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China’s GDP growth target could be set above 5% or even 6% in 2023, said influential economist Yu Yongding
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Chinese yuan may strengthen slightly to 6.9 per dollar in coming 12 months – Goldman Sachs
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Global sales of semiconductor equipment by original manufacturers to rose 5.9% to hit new high in 2022 – research
Global sales of total semiconductor manufacturing equipment by original equipment manufacturers are forecast to reach a new high of $108.5 billion in 2022, rising 5.9% from the previous record of $102.5 billion in 2021, SEMI said in a report.
China may further soften stance on real estate at upcoming key economic meeting
Chinese authorities may further soften their stance on real estate policies at its key economic meeting later this month, economist say.
China equities to outperform global peers as reopening boosts market sentiment – Morgan Stanley
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Nomura raises forecast of China’s 2023 growth to 4.8% citing earlier-than-expected reopening
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Digital economy to make up a significant part of Chinese economy, to serve as new economic driving force – government expert
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Video platform Bilibili surges after animated series of “Three-Body Problem” announced premiere
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S&P upgrades JD.com to A- from BBB+, with Stable outlook
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Fitch Ratings cut China’s 2023 growth outlook to 4.1%
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Morgan Stanley raises targets prices for Macau casino operators
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HSBC Global picks four investment themes in Asia for first quarter of 2023
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A-share IPOs’ fundraising to hit new record high in 2022, Shanghai Stock Exchange to be largest IPO market globally – research
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Conditions for China to downgrade Covid management mature – state-backed media
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Morgan Stanley upgrades China equities to Overweight, raised target prices for MSCI China, Hang Seng
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China’s economic indicators likely weakened further in November due to Covid outbreaks – Citic Securities
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Goldman Sachs initiates COSCO Shipping at Sell, estimates lower profits in shipping industry amid oversupply, lower shipping rate
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Goldman Sachs upgraded Country Garden to Neutral from sell, raised target price
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China’s economy expected to grow 4.5% in 2023, 5.5% in 2024 – Goldman Sachs economist
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Localities accounting for 19.9% of China’s GDP under some forms of Covid lockdown, curbs – research
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