Macquarie commented in a report that it identified supportive valuations in China's capital markets in light of the recent uptick in technical investment sentiment. The broker listed its near-term recommendations for a "conviction portfolio" of Chinese stocks:
Stock│Target Price
SUNGROW POWER (300274.SZ) +2.380 (+2.456%) │RMB200
XIAOMI-W (01810.HK) +0.760 (+4.578%) Short selling $597.84M; Ratio 14.869% │HK$31.2
CHINA OILFIELD (02883.HK) +0.080 (+0.901%) Short selling $12.91M; Ratio 8.405% │HK$16.6
NTES-S (09999.HK) +2.600 (+1.774%) Short selling $93.03M; Ratio 8.537% │HK$249
ANTA SPORTS (02020.HK) +1.000 (+1.124%) Short selling $88.97M; Ratio 14.235% │HK$143
MIDEA GP (000333.SZ) +0.130 (+0.191%) │RMB103
INOVANCE TECH (300124.SZ) +1.860 (+3.239%) │RMB86.1
WEICHAI POWER (02338.HK) 0.000 (0.000%) Short selling $12.00M; Ratio 9.814% │HK$22.2
Trip.com Group (TCOM.US) │US$63
KANZHUN LIMITED (BZ.US) │US$23
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-04-26 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.)
