UBS bullish on China, JD.com added to focus list for steady growth

From Investing.com: 2024-07-03 03:12:09

UBS analysts favor Chinese stocks in Asia, focusing on internet stocks and defensives. Expecting high single-digit returns from the index, they suggest a “barbell” approach with a mix of growth and defensive sectors. JD.com and China Communications Construction added to focus list for steady growth and infrastructure benefits. Intense e-commerce competition poses key risk. Beijing’s property and infrastructure measures expected to boost firms’ performance.UBS recommends adding growth exposure while maintaining defensive segment for resilient earnings and dividend yields. Chinese growth stocks predicted to slow in the long term, favoring consumer exposure and global expansion potential.



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