G Sachs Releases Updated APAC Conviction List - Directors' Edition (Table)
HK Stock Performance: ANTA SPORTS and CHINA RES LAND experienced declines in stock prices, while HORIZONROBOT-W saw a slight increase; short selling ratios indicate varying levels of market activity.
International Stock Highlights: Several international stocks, including EASTROC BEVERAGE and various Japanese companies, showed notable price movements, reflecting diverse market trends across regions.
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JPMorgan Favoring China Resources Land, China Resources Mixc, and China Jinmao; Chinese Property Sector Expected to Continue Outperforming Until April
Market Reaction: Chinese property developer stocks rose, speculated to be linked to the decision by authorities to stop requiring monthly "Three Red Lines" compliance reports, although JPMorgan noted this news was not new.
JPMorgan's Analysis: The firm indicated that the stock rise might be influenced by other market rumors, as no new relevant information was available at the time of their report.
Future Outlook: JPMorgan believes the performance of the Chinese property sector may continue to exceed market expectations until the Two Sessions in March and the CCP Politburo meeting in April.
Investment Recommendations: The report highlighted optimism for specific companies like CHINA RES LAND and LONGFOR GROUP, with the latter being noted for the best risk-reward potential in a policy-driven market.
Midday Update: HSI Ends at 27,975, Gaining 148 Points; HSTI at 5,860, Dropping 39 Points; SANDS CHINA LTD Falls Over 7%; XINYI GLASS, ZIJIN MINING, CNOOC, HENDERSON LAND, AIA Reach New Peaks
Market Performance: The HSI rose by 148 points (0.5%) to 27,975, while the HSTI fell by 39 points (0.7%) to 5,860, and the HSCEI increased by 43 points (0.5%) to 9,555.
Active Heavyweights: Notable stock movements included PING AN (+1.9%), XIAOMI (+1.5%), and CCB (+1.5%), while BABA saw a slight decline of 0.2%.
Significant Movers: SANDS CHINA LTD dropped significantly by 7.3%, whereas LONGFOR and XINYI GLASS saw gains of 5.6% and 5.1%, respectively, with XINYI hitting a new high.
High Performers in HSMI & HSSI: LOGAN GROUP surged by 29.1%, SUNAC by 27.2%, and COUNTRY GARDEN by 20%, indicating strong performance among certain stocks in the market.
