久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Mainland shares to outperform Asian peers this year

By Zhou Lanxu | China Daily | Updated: 2020-04-22 09:13
Share
Share - WeChat
An investor checks stock prices at a securities brokerage in Fuyang, Anhui province. [Photo by Lu Qijian /For China Daily]

Chinese mainland stocks may outperform Asian equities during the rest of the year, with structural opportunities abounding, analysts said on Tuesday.

UBS Wealth Management is overweight on Chinese equities among Asian stocks as the Chinese market has the potential to outrun the region in the remainder of the year, Min Lan Tan, Asia-Pacific head of the firm's chief investment office, said in a teleconference on Tuesday.

Chinese stocks have the advantage of having the economy recovering from the COVID-19 outbreak ahead of peers in the region, with work resumption making steady headway, she said.

Despite a 6.8-percent contraction in GDP for the first quarter, economic data such as credit growth and the purchasing managers' index have showed signs of recovery and have been "ahead of expectations".

The country's total financing reached a record level of 5.2 trillion yuan ($735 billion) in March, which was the fastest single-month growth in history. The official PMI for the manufacturing sector stood at 52 in March, up from 35.7 in February, showing a substantial improvement in business operations from the previous month.

But analysts do not foresee a strong, broad-based rebound in equities. Instead, "the key is to be selective", Tan said.

Quality names may do well in the market as the economy is being healed, she said, adding that industry consolidation may accelerate and help big companies obtain more market share, such as in China's real estate sector.

Resilient sectors like healthcare are also preferred as the government will be investing more in hospital infrastructure, benefiting companies engaged in medical equipment, online diagnostics, and innovative drugs, she said.

Guan Qingyou, dean and chief economist at the Reality Institute of Advanced Finance, also expects abundant structural opportunities in China's A-share market this year.

"I am positive about this year's market. The market should be at a bottom in the first half of the year. As companies report their first-quarter earnings, the blow from the epidemic to firms will become clear for investors, which will help shore up market performance later," Guan said.

It is unlikely to see excessive liquidity injection and therefore a broad-based market rebound, but many sectors that saw crimped valuations due to the outbreak will have upside potential, Guan said in an interview with cctv.com.

Particularly, he agreed that leading firms will strengthen their advantage, as their anti-risk ability to achieve a relatively stable earnings performance will be highlighted, adding that tech shares with core independent technology capacity may outperform the market.

The benchmark Shanghai Composite Index dropped by 0.9 percent to close at 2827.01 points on Tuesday. The ChiNext Index, tracking Shenzhen's innovative startup heavy board, fell by 0.95 percent to close at 2023.94 points.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 欧美特黄一级 | 亚洲国产精品综合久久 | 999久久久精品视频在线观看 | 中文字幕精品一区二区精品 | 怡红院最新免费全部视频 | 成人精品视频一区二区三区 | 国产精品亲子乱子伦xxxx裸 | 久久久这里只有精品加勒比 | 一级毛片日韩 | 亚洲精品15p | 久久99国产精品久久99 | 悟空影视大全免费高清 | 玖草资源在线 | 1a级毛片免费观看 | 美女亚洲综合 | 日本成人三级 | 国产成人高清精品免费5388密 | 国产性videostv另类极品 | 久久高清一区二区三区 | 欧美日本综合一区二区三区 | 国内成人精品视频 | 精品久久一区 | 精品国产成人a在线观看 | 91国高清视频 | av在线天堂网 | 手机看片日韩高清国产欧美 | 色偷偷在线刺激免费视频 | 特别福利视频在线观看 | 中文字幕乱码中文乱码综合 | 欧美大胆一级视频 | 国产美女视频一区 | 97视频免费播放观看在线视频 | 久久爱噜噜噜噜久久久网 | 国产伦码精品一区二区三区 | 制服丝袜在线视频香蕉 | 97视频在线播放 | 91精品人成在线观看 | 小毛片在线观看 | 国产精彩视频在线 | 欧美成人午夜影院 | 午夜免费69性视频爽爽爽 |