UBS raises Hang Seng Index target to 22,100 points for this year
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UBS is raising its target for the Hang Seng Index by 7% to 22,100 points this year, believing that the market has more upside potential, mainly due to interest rate cuts, a weaker US dollar, and policy stimulus. UBS maintains a barbell strategy, preferring defensive high-yield stocks and travel-related stocks, while slightly raising MSCI Hong Kong by 1% to 9,600. Recommended stocks include PCCW, Cathay Pacific, BOC Aviation, Henderson Land, Sands China, Galaxy Entertainment, and AIA
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