0712 GMT - Daiwa remains positive on China's tech sector and its top picks include Tencent, Trip.com, Xiaomi and Sea. Sentiment for China tech companies continues to improve. This is led by a focus on Xiaomi's premiumization, renewed optimism on China's AI development and SEA's recovery, they say. Geopolitics and competition, especially in e-commerce industry, are considerations for investors but they are also looking at structural growth and margin expansion, Daiwa adds. Xiaomi, Sea, Tencent, Alibaba and Trip.com were the most discussed names during Daiwa's tour with more than 60 investors across Europe and the Middle East. Xiaomi's EV segment and margin outlook drew significant interest, they add. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
June 10, 2025 03:12 ET (07:12 GMT)
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