Morgan Stanley reveals 6 of its top China stocks, including a chipmaker it expects to soar 80%

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Morgan Stanley reveals 6 of its top China stocks, including a chipmaker it expects to soar 80%
France Dernières Nouvelles,France Actualités

Morgan Stanley has named a slew of Chinese stocks, including Alibaba and Baidu, it says are set to outperform, despite 'uncertain market conditions.'

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Morgan Stanley has named a slew of Chinese stocks it says are set to outperform, despite current market conditions. The investment bank said a number of company-specific initiatives were being overlooked by investors, but were set to give the firms a competitive advantage.

Baidu The bank says the internet services giant is the "best AI play in China." " Baidu is the pure-AI focused player as compared to peers, and has been continuously investing in AI since 2010, the earliest starter in China. Baidu has the highest R & D mix compared to peers in tech innovation over the years," said Morgan Stanley. It gave Baidu a price target of $190, or potential upside of 33.8%.

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