JP Morgan lists the "high conviction" stocks in emerging markets (including Hong Kong stocks) (table)

JP Morgan released a strategy report on emerging markets, optimistic about the Chinese market (continuous deepening of artificial intelligence development, supply-side reform, consumer support), South Korea (governance reform, strong memory demand), India (dual easing policies and recovering domestic demand boosting corporate profits), Brazil (expected to have a 350 basis point easing cycle by 2026, with electoral uncertainties), South Africa (improving trade conditions, rising gold/platinum group metal prices, declining bond yields, and early results from reforms), the UAE (long-term compound growth), as well as Greece and Poland (boost from the European economy combined with undervalued valuations).

The bank also listed a list of highly confident emerging market stocks:

Stock│Investment Rating│Target Price

Taiwan Semiconductor (2330.TW)│Overweight│1,700 New Taiwan Dollars

Alibaba (09988.HK)│Overweight│225 Hong Kong Dollars

SK Hynix (000660.KS)│Overweight│800,000 Korean Won

China Life (2828.HK)│Overweight│31 Hong Kong Dollars

State Bank of India (SBIN.IN)│Overweight│1,170 Indian Rupees

Nubank (NU.US)│Overweight│18 US Dollars

Mahindra & Mahindra (MM.IN)│Overweight│4,180 Indian Rupees

North Huachuang (002371.SZ)│Overweight│610 Chinese Yuan

AngloGold Ashanti (ANG.SJ)│Overweight│234,000 South African Rand

Hyundai Motor (005380.KS)│Overweight│360,000 Korean Won

Emaar Properties (EAAR.UH)│Overweight│18.4 UAE Dirhams

Eternal Ltd (ETERNAL.IN)│Overweight│390 Indian Rupees

Capitec Bank (CPI.SJ)│Neutral│454,800 South African Rand

Futu (FUTU.US)│Overweight│300 US Dollars

Aldar Properties (ALDAR.UH)│Overweight│11 UAE Dirhams

Embraer (EMBJ.US)│Overweight│80 US Dollars

Piraeus Financial (TPEIR.GA)│Overweight│9.4 Euros