bullish
China & HK Strategy: Names to Watch for Market Value Management
495 Views21 Nov 2024 07:30
CSRC's Market Value Management Guidelines will benefit the H-share banks and infrastructure construction companies because their A-shares have P/B of below 1x and are centrally-owned SOEs.
What is covered in the Full Insight:
- Introduction to CSRC Guidelines
- Impact on H-share and A-share Valuations
- Sector Analysis: Banking and Infrastructure
- List of Stocks with Discounted Valuations
- Conclusion and Outlook
Boomeranged on Wed, 18 Dec 2024 11:38
SASAC issued "Several opinions on improving and strengthening the market value management of listed companies controlled by central enterprises" yesterday. The opinions emphasize the importance of market value management, with more buyback, raising dividend payout, a higher proportion of cash dividends, and more parental stake increases. This should bode well for the H-shares with P/B below 1x.
SUMMARY
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Osbert Tang, CFA
HK/China Equity Long-Short
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