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<Research>Nomura: Top Picks for Next 12 Mths Are Tencent, Meituan w/ ST Preference on Alibaba/ Bilibili
Recommend 77 Positive 140 Negative 51 |
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European and American investors are generally positive about the industry due to the cheap valuation of China's internet industry, coupled with the attractive capital return yields, Nomura released a research report saying. Some investors, especially hedge funds, revealed that they are re-investing in China's internet stocks to take advantage of the growth opportunities brought about by the potential rebound of China's economy. Nomura's top picks for the next 12 months are TENCENT (00700.HK) and MEITUAN-W (03690.HK), both of which are rated at Buy. In the short term, the broker was more optimistic on BABA-W (09988.HK) (BABA.US) and BILIBILI-W (09626.HK) (BILI.US), both of which are rated at Buy. In addition, Nomura also preferred JD-SW (09618.HK) (JD.US) and PDD Holdings Inc. (PDD.US), which are rated at Buy, as both are believed to have generously rewarded their shareholders over the past year, and are committed to continuing their capital return plans. AAStocks Financial News |
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