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<Research>UOB Kay Hian Adds COWELL, NTES-S to Buy List, Recommends Buying on Pullbacks
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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.

Related News M Stanley Updates Asia-Pacific Focus Stock List (Table)
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