Zhi Tong Cai Jing·2026-01-13 08:34Group 1 - Morgan Stanley has included China National Materials (002080) in its focus list for China and Hong Kong, while removing PetroChina (00857) from the list [1] - The outlook for China National Materials is positive, driven by the booming development of artificial intelligence infrastructure and the demand for energy storage systems (ESS) in China, which significantly boosts the demand for key raw materials in printed circuit boards (PCB) [1] - China National Materials is expected to see a rebound in profitability and revenue from its battery separator business, with projected earnings growth of 101%, 63%, and 45% year-on-year from 2025 to 2027 [1] Group 2 - China Ping An (601318) has been added to the focus list for A-shares, while PetroChina (601857.SH) has been removed [1] - The fundamentals of China Ping An are improving, and its A-share valuation is attractive, with a projected price-to-book ratio of 1.1 times for the fiscal year 2026 and a dividend yield exceeding 4% [1] - The return on equity (ROE) for China Ping An is expected to be around 15% [1]