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) +7.050 (+7.102%) │RMB200
XIAOMI-W (01810.HK) +0.060 (+0.346%) Short selling $480.82M; Ratio 15.607% │HK$31.2
CHINA OILFIELD (02883.HK) -0.440 (-4.911%) Short selling $13.23M; Ratio 6.985% │HK$16.6
NTES-S (09999.HK) +1.800 (+1.206%) Short selling $67.82M; Ratio 6.283% │HK$249
ANTA SPORTS (02020.HK) -0.650 (-0.722%) Short selling $111.06M; Ratio 19.972% │HK$143
MIDEA GP (000333.SZ) -0.170 (-0.249%) │RMB103
INOVANCE TECH (300124.SZ) +0.690 (+1.164%) │RMB86.1
WEICHAI POWER (02338.HK) +0.100 (+0.610%) Short selling $9.28M; Ratio 4.415% │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 2024-04-29 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.)
