CMSI's 1Q25 top picks are Amazon.com (AMZN.US), Doordash (DASH.US), Netflix (NFLX.US), MEITUAN-W (03690.HK), TENCENT (00700.HK), Tencent Music Entertainment Group (TME.US), HANSOH PHARMA (03692.HK), 3SBIO (01530.HK), REMEGEN (09995.HK), Alnylam Pharmaceuticals (ALNY.US), Thermo Fisher Scientific (TMO.US), GIANT BIOGENE (02367.HK), ANTA SPORTS (02020.HK), XTEP INT'L (01368.HK), Yum China Holdings (YUMC.US), GEELY AUTO (00175.HK), BYD COMPANY (01211.HK), XPENG-W (09868.HK), TAL Education Group (TAL.US) and Duolingo (DUOL.US), looking at the US and Hong Kong equity markets, CMSI released a research report saying.
For the Hong Kong stock market, CMSI said that, since the end of September 2024, China has made a clear policy shift and enhanced its efforts.
Therefore, the broker expected the Chinese government to implement a more proactive fiscal policy and appropriately loose monetary policy next year, with the focus of the policy on stabilizing the property and stock markets, vigorously boosting consumption and promoting technological innovation and the development of new quality productive forces.
CMSI forecasted that the market's reaction to “Donald Trump 2.0” will be more rational than that of the 1.0 era, as the market is better prepared than before on discussion and preparation for the US-China conflict, and the Chinese government also made clear its supportive attitude towards the real economy and the market.
Although the effect of policy stimulus is yet to be verified, the valuation of H-shares is lower than that of A-shares, while the new low bond yield of China's national bonds has also added impetus for southbound capital to look for higher-yield targets. Hence, the broker rated H-shares at “Cautiously Recommend”.
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AAStocks Financial News
Web Site: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| GEELY (C) |
28860 |
19.52 (-) |
0.124 |
4.3 X |
| GEELY (C) |
28532 |
15.82 (-) |
0.147 |
5.2 X |
| GEELY (P) |
29535 |
11.98 (-) |
0.136 |
4.2 X |
| TENCT (C) |
29153 |
515.5 (-) |
0.087 |
9.7 X |
| TENCT (C) |
26379 |
500.5 (-) |
0.075 |
11.2 X |
| TENCT (C) |
29388 |
480 (-) |
0.187 |
7.6 X |
| TENCT (C) |
27048 |
452.19 (-) |
0.134 |
11.2 X |
| TENCT (P) |
28485 |
363.43 (-) |
0.037 |
13.5 X |
| TENCT (P) |
28010 |
349.8 (-) |
0.079 |
8.3 X |
| TENCT (P) |
27141 |
319.8 (-) |
0.042 |
8.5 X |
| TENCT (Bull) |
63155 |
397.2 (400) |
0.053 |
15.9 X |
| TENCT (Bull) |
62310 |
390.2 (393) |
0.069 |
12.2 X |
| TENCT (Bear) |
55343 |
457.8 (455) |
0.055 |
15.3 X |
| TENCT (Bear) |
56495 |
440.8 (438) |
0.030 |
28.0 X |
| BYD (C) |
28953 |
380.2 (-) |
0.065 |
7.0 X |
| BYD (C) |
25376 |
300.19 (-) |
0.164 |
6.6 X |
| BYD (P) |
28484 |
248.68 (-) |
0.097 |
7.8 X |
| BYD (P) |
28209 |
194.78 (-) |
0.082 |
4.5 X |
| BYD (Bull) |
63515 |
252 (256) |
0.042 |
12.8 X |
| BYD (Bull) |
51168 |
236 (240) |
0.075 |
7.2 X |
| BYD (Bear) |
59670 |
300 (296) |
0.052 |
10.4 X |
| BYD (Bear) |
64535 |
287 (283) |
0.033 |
16.3 X |
| ANTAS (C) |
28533 |
112 (-) |
0.053 |
4.5 X |
| MTUAN (C) |
29025 |
230 (-) |
0.057 |
5.6 X |
| MTUAN (C) |
29372 |
200.2 (-) |
0.092 |
5.3 X |
| MTUAN (C) |
26516 |
143.3 (-) |
0.320 |
3.3 X |
| MTUAN (P) |
28005 |
150 (-) |
0.135 |
4.3 X |
| MTUAN (P) |
27495 |
109.9 (-) |
0.059 |
3.7 X |
| MTUAN (Bull) |
63049 |
141.5 (144) |
0.033 |
9.4 X |
| MTUAN (Bull) |
51434 |
137.5 (140) |
0.041 |
7.6 X |
| MTUAN (Bear) |
60574 |
190.5 (188) |
0.056 |
5.5 X |
| MTUAN (Bear) |
64396 |
175.5 (173) |
0.033 |
9.4 X |
| XPENG (C) |
28130 |
73 (-) |
0.129 |
3.0 X |
| AMZN (C) |
10508 |
269 (-) |
0.203 |
6.0 X |
| AMZN (C) |
10406 |
220 (-) |
0.395 |
5.6 X |
| AMZN (P) |
10449 |
174 (-) |
0.101 |
5.2 X |
