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Morgan Stanley upgrades China equities (MSCI China) to overweight

Morgan Stanley upgrades China equities (MSCI China) to overweight

The news that Morgan Stanley has switched to bullish on China stocks for the first time in 2 years is all over the place today.

  • Multiple positive developments alongside a clear path set toward reopening warrant an upgrade
  • We are at the beginning of a multi-quarter recovery in earnings revisions and valuations

MS have upgraded their MSCI China to overweight (previously qual weighted)

  • Say RoE is likely to gain to 11.1% by the end of 2023

--... Read More

Posted: Dec 5 2022, 03:23
Author Name: forexlive
Views: 102773

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