The valuation in US tech giants has skyrocketed since the end of 2016. Investors are starting to get wary of the sky-high valuation of US tech giants. Thus, investors are now turning their focus to the other tech giants across the globe, specifically the Chinese tech giants.
The MSCI China index managed to return a decent 20 percent year-to-date as it bounced off its low at the beginning of the year. Here are five companies that UOBKH Research believes can help you beat the MSCI China index.
DBS Research analysts see “strong catalysts” that will drive up share value of CapitaLand Limited (CAPL) (SGX: C31) with a new target price that has been increased upwards to $4.33. Here’s a peek into the analyst’s minds to discover why they are confident of CAPL’s growth.
Previously, I have recommended Orient Overseas International Ltd (316.HK) and Cathay Pacific Airways Ltd (293.HK) to investors. It turned out that the share price of Orient Overseas International rose by 5.08 percent on the same day, though it had nothing to do with my recommendation. I was merely lucky that COSCO SHIPPING Holdings Co Ltd (1919.HK) had issued an earnings alert that day with the announcement of a turnaround.
Following successive periods of decline in core profit growth, the Straits Times Index (STI) managed to recover back to an inflexion point in the recent quarter. Moving forward, MBKE Research is positive on the 12-month outlook for STI with the belief that valuations could see a further upgrade.
With a two-for-one share split January this year, CITIC Envirotech Limited (CEL - SGX: CEE) has seen its prices fluctuate and has declined to the current price $0.76, UOB Kay Hian (UOBKH) analysts see the dip in share price as a buying opportunity.