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<Research>UOB Kay Hian Adds COWELL, NTES-S to Buy List, Recommends Buying on Pullbacks
Recommend 8 Positive 22 Negative 4 |
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UOB Kay Hian said China’s equity market pulled back in May in lack of new catalysts, with the HSI and MSCI China Index sinking 2.3% and 3.4% MoM, respectively. The broker expected US equities to enter a consolidation phase after a spike since end-March, while China’s market may move lower in tandem with the US in June. The broker viewed this as a good opportunity to accumulate stocks with stronger revenue growth in 2H26. The broker added COWELL (01415.HK), CHINA RES MIXC (01209.HK), NTES-S (09999.HK) and WUXI APPTEC (02359.HK) to its Buy list, and added LI AUTO-W (02015.HK) to its Sell list. Shares | Investment Ratings | TPs (HKD) BABA-W (09988.HK) | Buy | HKD188 COWELL (01415.HK) | Buy | HKD48 CHINA RES MIXC (01209.HK) | Buy | HKD55 BEONE MEDICINES (06160.HK) | Buy | HKD257 LI AUTO-W (02015.HK) | Sell | HKD40 MINTH GROUP (00425.HK) | Buy | HKD56 NTES-S (09999.HK) | Buy | HKD252 TRIP.COM-S (09961.HK) | Buy | HKD624 WUXI APPTEC (02359.HK) | Buy | HKD170 ZIJIN MINING (02899.HK) | Buy | HKD50.6 AASTOCKS Financial News |
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