Societe Generale turns bullish on Chinese stocks for the first time in a year and a half
2024-06-12 03:59:31
Socie ́ te ́ Ge ́ ne ́ rale is bullish on Chinese stocks for the first time since December 2022, raising its rating from neutral to high, citing policy momentum and improving corporate earnings prospects. "We may be entering the third stage of a tactical rebound, with an earnings recovery on the horizon," strategists such as Frank Benzimra said in a report. The bank favors offshore and large stocks, as well as stocks with themes such as earnings elasticity or stable dividends.
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