UOB Kay Hian recently released its Greater China market strategy report. HSI and MSCI China Index rose 7.4% and 6.4% MoM respectively in April, driven by the news of an expansion to the Stock Connect programme in the Chinese market and further relaxation of the restriction on domestic property purchases. With the possibility of further supportive policies rolling out during the Politburo meeting in mid-July, the broker expected that domestic consumer stocks could benefit.
UOB Kay Hian inducted CHINA RES BEER (00291.HK) +0.350 (+0.932%) Short selling $34.64M; Ratio 14.930% , CRYSTAL INTL (02232.HK) -0.130 (-3.037%) Short selling $79.87K; Ratio 3.792% , GEELY AUTO (00175.HK) -0.030 (-0.303%) Short selling $70.28M; Ratio 19.209% , HAIER SMARTHOME (06690.HK) -0.450 (-1.466%) Short selling $40.31M; Ratio 11.263% , KUAISHOU-W (01024.HK) -2.950 (-4.762%) Short selling $622.55M; Ratio 26.266% , TUOPU GROUP (601689.SH) +0.860 (+1.368%) , PDD (PDD.US) , SHENZHOU INTL (02313.HK) +0.050 (+0.060%) Short selling $92.49M; Ratio 17.299% , and TENCENT (00700.HK) -4.400 (-1.189%) Short selling $825.22M; Ratio 11.591% into its latest top picks.
Meanwhile, the broker suggested taking profit for CM BANK (03968.HK) +0.250 (+0.693%) Short selling $125.29M; Ratio 20.627% , LI AUTO-W (02015.HK) -2.800 (-2.377%) Short selling $299.63M; Ratio 25.201% , TRIP.COM-S (09961.HK) -3.400 (-0.811%) Short selling $51.14M; Ratio 8.105% , and EVE ENERGY (300014.SZ) +0.060 (+0.155%) , as well as cutting loss for BYD COMPANY (01211.HK) +1.400 (+0.619%) Short selling $241.82M; Ratio 27.505% .
UOB Kay Hian's latest top picks for Chinese stocks are listed below:
Stock│Rating│Target Price
AIA (01299.HK) -1.250 (-2.000%) Short selling $223.33M; Ratio 9.297% │Buy│HK$95
CHINA RES BEER (00291.HK) +0.350 (+0.932%) Short selling $34.64M; Ratio 14.930% │Buy│HK$65.5
CRYSTAL INTL (02232.HK) -0.130 (-3.037%) Short selling $79.87K; Ratio 3.792% │Buy│HK$4.42
GEELY AUTO (00175.HK) -0.030 (-0.303%) Short selling $70.28M; Ratio 19.209% │Buy│HK$13
HAIER SMARTHOME (06690.HK) -0.450 (-1.466%) Short selling $40.31M; Ratio 11.263% │Buy│HK$31
HANSOH PHARMA (03692.HK) +0.020 (+0.109%) Short selling $35.08M; Ratio 29.711% │Buy│HK$25
KUAISHOU-W (01024.HK) -2.950 (-4.762%) Short selling $622.55M; Ratio 26.266% │Buy│HK$85
LENOVO GROUP (00992.HK) +0.240 (+2.606%) Short selling $68.63M; Ratio 10.765% │Buy│HK$10.5
MIDEA GP (000333.SZ) +0.090 (+0.127%) │Buy│RMB76.2
TUOPU GROUP (601689.SH) +0.860 (+1.368%) │Buy│RMB86
PDD (PDD.US) │Buy│US$183
INOVANCE TECH (300124.SZ) +0.820 (+1.303%) │Buy│RMB75.5
SHENZHOU INTL (02313.HK) +0.050 (+0.060%) Short selling $92.49M; Ratio 17.299% │Buy│HK$93.6
SUNNY OPTICAL (02382.HK) +0.550 (+1.340%) Short selling $63.20M; Ratio 12.689% │Buy│HK$63
TENCENT (00700.HK) -4.400 (-1.189%) Short selling $825.22M; Ratio 11.591% │Buy│HK$382
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-07 16:25.) (A Shares quote is delayed for at least 15 mins.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
