[ad_1]
Several sectors and stocks in the Asia-Pacific region look “particularly attractive at the moment,” AllianceBernstein said. Analysts at Wall Street Bank, led by Ann Larson, wrote in a note dated Jan. 16 that these stocks are “highly ranked on a quantitative basis, and Bernstein analysts have a strong positive rating on our companies.” “I’m looking at it,” he said, referring to the “tops” in Asia. Select the next 6 months. ” AllianceBernstein says its latest Quantitative + Fundamental Portfolio outperformed the MSCI Asia benchmark by 10.5% on an equal-weighted basis and 13.6% on a market-cap weighted basis over the six months to July 2023. said. The bank says the Alpha model is “effective in distinguishing winners from losers in Asia, even in the long run.” Here, we will introduce the top four stocks with an outperform rating. Samsung Electronics and SK Hynix The South Korean giants expect the memory sector to be boosted by a cyclical recovery in demand and average selling prices, which is “driving a recovery in memory vendors’ margins and profits,” leading to Alliance Burn. It is listed as one of Stein’s top stocks. “We believe memory demand will remain strong, driven by generative AI and broader computing demand,” the bank’s analysts said. AllianceBernstein expects Samsung’s stock price to reach 92,000 Korean won ($68.44) within the next 12 months, with a potential upside of 29.4%. The target price for SK Hynix is 140,000 Korean won, or an increase of approximately 64.8%. Between the two companies, the investment bank said, “SK Hynix has shown stronger performance in the short term, mainly thanks to its lead in HBM (High Bandwidth Memory). “We’re getting more love from them, and that’s reflected in more expensive companies.” evaluation. “Conversely, Samsung’s stock price and net worth “only expanded modestly over the same period,” the paper said. Still, I like Alliance Bernstein[s] BYD Automobile giant BYD has been making waves since increasing its battery sales and supplanting Tesla as the top electric car maker in the fourth quarter of 2023. AllianceBernstein is bullish on the company, saying it continues to “expand into unpenetrated mass and premium markets in China.” Analysts at the bank said, “BYD’s unparalleled cost structure and vertical powertrain integration will allow it to capture a dominant market share in this segment,” with EV penetration at only 9% ( (excluding EVs). AllianceBernstein’s price target is HK$334 ($42.71), with upside room of about 61.5%.His AllianceBernstein is a subsidiary of PDD Holdings, the parent company of major companies Pinduoduo and Temu. is also supported. “We continue to expand our share within the domestic e-commerce market.” “We believe that recent gains are more than just the macroeconomic downturn and weak consumer transactions.” PDD has increased over the past year. “We are optimistic that this situation can continue,” the bank’s analysts wrote, adding that “PDD’s domestic usage rate remains “We believe there is some upside left in the market…reflecting the excellent availability of user traffic on the platform and the expansion of PDD’s marketing spend.” His price target for the company is $170, giving it an upside of about 33%. — CNBC’s Michael Bloom contributed to this report.
[ad_2]
Source link
