Greater China Strategy: Alpha Picks -- July Conviction Calls
June’s HSI and MSCI China Index rose 3.4% mom and 4.0% mom respectively,
despite the pullback due to the Middle East tensions. July may see increased
volatility as the US looks to bring the tariff negotiations to a close. At this juncture,
we continue to favour domestic policy beneficiaries and sector leaders. New
additions to our BUY list are CATL, KE Holdings, Longfor, Midea Group, Tencent
and Tencent Music Entertainment. We take profit on Prudential.