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HSBC Asset Mgmt Remains Optimistic on Semis Companies in 2H, Including Leading Domestic Chipmakers
Recommend 14 Positive 17 Negative 19 |
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HSBC Asset Management released its outlook for 2H26. Although geopolitical tensions may wreak short-term uncertainties, Asian equities are still expected to trend positively in 2H. AI remains a key structural driver, with the investment cycle supporting demand across the technology hardware supply chain, a considerable portion of which is manufactured and assembled in Asia. Beyond AI, Asia is entering a broader upcycle in industrial capital expenditure, driven by energy transition and rising defense spending. These factors are expected to bolster employment, wage growth and consumption, thereby expanding opportunities beyond the technology sector. Meanwhile, enhanced shareholder value initiatives across Asia are gradually strengthening corporate governance and improving cash returns, helping to narrow valuation discounts versus global peers and creating opportunities for companies best positioned to benefit from such reforms. Beth Wong, Asian Equities Product Specialist at HSBC Asset Management, said valuations in the AI sector are backed by earnings growth, indicating that elevated valuations are supported by tangible profits. Regarding the outlook for Chinese and Asian equity markets, she remains optimistic on certain semiconductor companies, including some leading domestic Chinese chipmakers, as well as equipment names within the supply chain. Optical network-related stocks are also viewed favorably. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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