Group 1 - UBS's emerging markets strategist Xingchen Yu recommends strategic investment in Chinese stocks due to improving fundamentals, existing and potential policy support, and long-term growth prospects in artificial intelligence [1] - UBS maintains an "attractive" rating on Chinese tech stocks, highlighting their potential for further upside compared to their U.S. counterparts, which still have attractive valuations [1] - Sunil Tirumalai, UBS's chief strategist for global emerging market equities, believes the worst is over for emerging markets, although corporate earnings expectations have not yet been adjusted for U.S. tariff impacts [1] Group 2 - Chinese stocks exhibit greater resilience in profitability compared to other emerging markets, with earnings forecast downgrades being significantly smaller [2] - The valuation of the Chinese stock market is currently below its historical levels, while other emerging markets are at or above historical valuation levels [2] - There is a positive trend with retail investors returning to the market, evidenced by strong performance in the H-share market driven by domestic capital inflows [2]
瑞银：建议配置中国股票 科技股具有进一步上涨潜力
Zhi Tong Cai Jing·2025-06-10 02:53