UBS Strategist Advises Investors to Return to China Stocks on Valuations
Investors should return to Chinese stocks traded in the domestic and Hong Kong markets because of their valuations and the outlook for growth, UBS AG strategist John Tang said.
“For the A-share as well as H-Share market, now definitely is the time to go back in,” Tang said in a Bloomberg Television interview. “The valuation is about 7 percent lower than the 10- year average, while on the other side, growth is about 60 percent higher,” he also said, referring to the MSCI China Index.
UBS favors bank and technology stocks, Tang also said.
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