+6.6% vs today close
Hang Seng Index to Reach 26,000 This Year on Easing: StanChart
2014-09-17 10:26:13.301 GMT
By Kana Nishizawa
Sept. 17 (Bloomberg) -- Hang Seng Index likely to extend
gains as China steps up credit easing and overseas funds shift
allocation to China amid attractive valuations, Ryan Tsai,
equity strategist at Standard Chartered, says in Hong Kong press
briefing.
* Investors should overweight China mid- and small-caps as
they will benefit most from lower financing costs: Tsai
* NOTE: Hang Seng Index closed +1% at 24,376.41 today
* MSCI China’s discount to MSCI World has bottomed; likely to
narrow, Erwin Sanft, head of China and Hong Kong equity
research at Standard Chartered, says at briefing
* A H.K.-Shenzhen stock-exchange link may start as early as 2Q
2015: Sanft
* China’s credit easing to help Macau casino cos. by end of yr
into next yr; recent correction good time to invest: Sanft
* Foreign investors should buy A shares to diversify as they
aren’t correlated with global mkts, to gain exposure to
China’s credit easing and to access unique cos. unavailable
overseas: Sanft
* SOE reform to hurt SOEs by reducing advantages, exposing
them to competition which will make the cos. smaller;
property, mining among industries most affected: Sanft
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Kana Nishizawa in Hong Kong at +852-2977-4627 or
knishizawa5@bloomberg.net
To contact the editor responsible for this story:
Sarah McDonald at +61-2-9777-8684 or
smcdonald23@bloomberg.net
2014-09-17 10:26:13.301 GMT
By Kana Nishizawa
Sept. 17 (Bloomberg) -- Hang Seng Index likely to extend
gains as China steps up credit easing and overseas funds shift
allocation to China amid attractive valuations, Ryan Tsai,
equity strategist at Standard Chartered, says in Hong Kong press
briefing.
* Investors should overweight China mid- and small-caps as
they will benefit most from lower financing costs: Tsai
* NOTE: Hang Seng Index closed +1% at 24,376.41 today
* MSCI China’s discount to MSCI World has bottomed; likely to
narrow, Erwin Sanft, head of China and Hong Kong equity
research at Standard Chartered, says at briefing
* A H.K.-Shenzhen stock-exchange link may start as early as 2Q
2015: Sanft
* China’s credit easing to help Macau casino cos. by end of yr
into next yr; recent correction good time to invest: Sanft
* Foreign investors should buy A shares to diversify as they
aren’t correlated with global mkts, to gain exposure to
China’s credit easing and to access unique cos. unavailable
overseas: Sanft
* SOE reform to hurt SOEs by reducing advantages, exposing
them to competition which will make the cos. smaller;
property, mining among industries most affected: Sanft
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Kana Nishizawa in Hong Kong at +852-2977-4627 or
knishizawa5@bloomberg.net
To contact the editor responsible for this story:
Sarah McDonald at +61-2-9777-8684 or
smcdonald23@bloomberg.net