Citi names 3 U.S. traded stocks set to benefit China's stimulus program

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 43%
  • Publisher: 72%

Kraneshares CSI China Internet ETF 뉴스

Tencent Holdings Ltd,Tencent Holdings Ltd,Trip.Com Group Ltd

Chinese internet stocks have risen 45% since the stimulus was announced, yet Citi think there's more upside.

Citi has identified three U.S.-traded Chinese stocks that are positioned to benefit from Beijing's recently announced economic stimulus program. China introduced several supportive policies last month to revive its economic growth and bolster market and consumer confidence. The Chinese government's efforts have already shown a significant impact, with Chinese internet stocks experiencing substantial gains last week.

Tencent has a diverse portfolio of businesses, including social media, gaming, and digital payment services, which could be impacted by increased consumer spending and online activity. "We believe the possible revive economic growth following positive stimulus policy will likely lead to improving advertisers ad spend sentiment which will benefit online ad revenues growth for Tencent, Weibo and others," the analysts noted.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 12. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

These six stocks remain Citi's Top Picks in China's internet sector after stimulus rallyThese six stocks remain Citi's Top Picks in China's internet sector after stimulus rally
출처: Investingcom - 🏆 450. / 53 더 많은 것을 읽으십시오 »