Core Viewpoint - Nomura reaffirms the MSCI China Index's baseline target of 93 points for 2026, indicating that robust earnings growth suggests further upside potential for the index, maintaining an "overweight" rating [1] Group 1: Strategic Pillars - The first pillar focuses on sectors with strong fundamentals supported by structural themes, with representative stocks including Tencent, Alibaba, NetEase, CATL, BYD, Laopuhuang, OBI, WuXi AppTec, Shengyi Technology, and Tencent Music [1] - The second pillar emphasizes relative value cyclical sectors, selecting "laggards" in consumption, e-commerce, and home appliances, as well as high-quality banks and insurance companies, with representative stocks such as JD.com, Yum China, Anta, Midea, China Merchants Bank, and Ping An Insurance [1] - The third pillar highlights companies with net cash and strong balance sheets, including Alibaba, CATL, Midea, NetEase, China Merchants Bank, Ping An Insurance, Anta, JD.com, and Yum China [1]
野村：重申MSCI中国指数明年目标为93点，提出三大支柱策略
Ge Long Hui A P P·2025-12-03 09:02