JPMorgan released its China market strategy report, stating that it has taken a constructive stance on China since October last year, and although it suspended its view in January this year, it resumed its stance in February. The broker is optimistic that the MSCI China Index and large-cap stocks can outperform the CSI 300 Index and small- and mid-cap stocks in May. JPM's base case target for the MSCI China Index at the end of this year is 66 points, and for the CSI 300 Index at the end of this year is 3,900 points.
JPM's May list of recommended Chinese value and growth stocks is as follows:
KE Holdings (BEKE.US)
CHINA LONGYUAN (00916.HK) +0.200 (+2.985%) Short selling $19.98M; Ratio 9.235%
JD.com (JD.US)
PING AN (02318.HK) -0.050 (-0.113%) Short selling $223.03M; Ratio 14.675%
CHINA LIFE (02628.HK) +0.100 (+0.812%) Short selling $63.74M; Ratio 11.151%
SUNNY OPTICAL (02382.HK) +0.950 (+2.174%) Short selling $57.34M; Ratio 9.167%
WEICHAI POWER (02338.HK) -0.040 (-0.262%) Short selling $4.88M; Ratio 2.473%
ZHONGJI INNOLIGHT (300308.SZ) -4.260 (-2.401%)
BOE A (000725.SZ) +0.010 (+0.229%)
KUAISHOU-W (01024.HK) +1.250 (+2.197%) Short selling $466.91M; Ratio 23.617%
KWEICHOW MOUTAI (600519.SH) -7.290 (-0.428%)
CONTEMPORARY AMPEREX (300750.SZ) +3.330 (+1.652%)
MENGNIU DAIRY (02319.HK) +0.160 (+0.978%) Short selling $17.86M; Ratio 9.199%
CM BANK (03968.HK) +0.100 (+0.264%) Short selling $59.93M; Ratio 15.091%
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