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M Stanley No Longer Bearish on CN Stock Mkt, Lifts HSI Target to 24,000
Recommend 26 Positive 47 Negative 14 |
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Morgan Stanley, in its report, said it is no longer bearish on the Chinese stock market, as it expects the market will hail a sustained rebound with China's progress in the field of AI. The target for the MSCI China Index by the end of 2025 is raised by Morgan Stanley from 63 to 77, with the rating of Equalweight. Meanwhile, the target for the HSI is hiked from 19,400 to 24,000; the target for the HSCEI is lifted from 6,970 to 8,600; and the target for the CSI 300 Index is maintained at 4,200. Morgan Stanley said that structural changes are taking place in China's stock market, especially within the offshore market, therefore it is more confident about the sustainability of the recent performance of the MSCI China Index. The broker believes that the current situation is different from the rebound in September 2024. AAStocks Financial News |
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