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<Research>DBS Targets HSI to 21,300 in 2025, Prefers CHINA MOBILE/ TENCENT/ BYD ELECTRONIC/ 7 Other Stocks
DBS Group Research recently released a report on the 2025 strategy outlook of Hong Kong stocks reiterating its positive view on Hong Kong stocks. However, considering a Red Sweep i...
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<Research>DBS Targets HSI to 21,300 in 2025, Prefers CHINA MOBILE/ TENCENT/ BYD ELECTRONIC/ 7 Other Stocks
Recommend
76
Positive
132
Negative
53
 
 

DBS Group Research recently released a report on the 2025 strategy outlook of Hong Kong stocks reiterating its positive view on Hong Kong stocks.

However, considering a Red Sweep in the US election, which reduces the visibility of the macroeconomic environment, DBS Group Research decided to lower its target for the HSI based on base case scenario to 21,300, which is equivalent to a projected 2025 PE ratio of 9.9x, and to target the HSCEI to 7,300, equivalent to a projected 2025 PE ratio of 8.6x, with a probability of 60%.

Related NewsCMSI Rates H-shrs at Cautiously Recommend on 1Q25 Strategy Outlook
The broker expected China's GDP to grow by 5% next year. Taking into account the proactive policies adopted by China, DBS Group Research predicted a 60 bps cut on 1-year LPR, a 125 bps cut on the US interest rate in total and a phased tariff hike in the US, etc..

DBS Group Research also updated its latest preference list for Hong Kong equities, replacing BABA-W (09988.HK)  -1.400 (-1.684%)    Short selling $511.43M; Ratio 13.183%   with CHINA RES POWER (00836.HK)  -0.340 (-1.799%)    Short selling $17.57M; Ratio 3.888%   . The broker's other preferred stocks include ANTA SPORTS (02020.HK)  -0.300 (-0.373%)    Short selling $9.62M; Ratio 5.696%   , BYD ELECTRONIC (00285.HK)  +1.100 (+2.635%)    Short selling $164.57M; Ratio 30.215%   , CHINA MOBILE (00941.HK)  +0.200 (+0.263%)    Short selling $151.53M; Ratio 12.627%   , SINOPEC CORP (00386.HK)  +0.030 (+0.686%)    Short selling $40.60M; Ratio 9.465%   , ENN ENERGY (02688.HK)  -1.450 (-2.546%)    Short selling $8.82M; Ratio 14.437%   , MEITUAN-W (03690.HK)  -1.000 (-0.645%)    Short selling $180.23M; Ratio 5.786%   , PING AN (02318.HK)  -0.400 (-0.858%)    Short selling $89.73M; Ratio 10.355%   , TENCENT (00700.HK)  -2.000 (-0.476%)    Short selling $383.80M; Ratio 11.616%   and XIAOMI-W (01810.HK)  +1.600 (+4.885%)    Short selling $710.60M; Ratio 20.266%   .
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-12-24 12:25.)

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