Citigroup has downgraded its rating on the Chinese stock market to "neutral."
Citigroup downgraded its rating on the Chinese stock market from "Overweight" to "Neutral" to reflect potential unfavorable revisions in corporate earnings forecasts and a weak macro outlook.
Citigroup stated that its allocation to emerging market countries remains biased towards cyclicals, believing that emerging markets will significantly benefit from AI development. It expects strong earnings per share growth in emerging markets next year, with a target of 1,540 points for the MSCI Emerging Markets Index by the end of next year, representing a potential increase of 11% from yesterday's (22nd) closing
Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments