0840 GMT - Sentiment towards Chinese AI stocks may take time to recover, but long-term investors could consider rebuilding their exposure given a strong earnings outlook, Julius Baer analyst Richard Tang writes in a note. China's 2Q earnings per share grew 24% on year while 1H grew 14% on year, in which the profit growth of onshore companies was notably higher than offshore, Tang adds. The earnings results underpins the bank's constructive view on Chinese equities. The global environment of higher rates is likely to support value stocks more than growth stocks, Tang says. This sentiment may spill over to China, particularly offshore stocks, even though Chinese rates are following a different path from those in most other major markets, Tang adds.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.