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<Research>Citi Lifts End-2026 HSI Target to 30,000, Adds Zijin/ Lens to Top H-Shr Picks
Recommend 30 Positive 43 Negative 24 |
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Citi released a China Equity Strategy report, stating that recent announcements by the Chinese government and proposals by the Central Committee, through the “15th Five-Year Plan” and clearer visibility into exports, are boons to the market. The broker turned more constructive towards H- and A-share markets, raising the mid-year target for the HSI from 27,500 to 28,800 (equivalent to a forecasted 13.2x P/E), and increasing the year-end target from 28,800 to 30,000 (equivalent to a forecasted 13.1x P/E). The year-end target for the CSI 300 Index was lifted from 4,900 to 5,300, and the MSCI China Index target increased from 95 to 99. ZIJIN MINING (02899.HK), CONANT OPTICAL (02276.HK), and LENS (06613.HK) were added as Citi’s top H-share picks, while TENCENT (00700.HK), AIA (01299.HK), HENGRUI PHARMA (01276.HK), Trip.com (TCOM.US), and Atour (ATAT.US) were retained. SUNNY OPTICAL (02382.HK) and ASMPT (00522.HK) were removed. AASTOCKS Financial News Website: www.aastocks.com |
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