Wall Street is giving Chinese tech stocks some love again, and Morgan Stanley has named a 'top pick.'
Several investment banks have become more bullish on China's tech sector in recent weeks — and Morgan Stanley's one of them . "We note the improving regulatory environment for the overall Internet industry after a period of tightening in late 2020 and 2021.
, restructuring, licensing, removal of over-hang via regulatory fine, or even resumption of listing process – could be a significant positive catalyst to re-rate [Alibaba]," the bank said. Alibaba is also well placed to benefit from a consumption recovery in China and continued operational efficiency improvement across segments, according to Morgan Stanley. That's been "underappreciated" by the market, the bank added.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
S&P 500 could sink another 22%, Morgan Stanley warnsMorgan Stanley analysts have warned the U.S. stock market could plunge by another 22% this year because investors are underestimating corporate earnings.
Leer más »
China's GDP growth forecast for 2023 raised to 5.7% – Morgan StanleyAnalysts at Morgan Stanley raised their forecast for China’s Gross Domestic Product (GDP) this year to above 5.0%. Key quotes 'If policy can remove ba
Leer más »
Stocks could slump another 20%, Morgan Stanley saysINVESTOR ALERT: Wall Street forecasters are increasingly bearish as they eye a potential recession, which could send stocks tumbling. alabamanewsnetwork
Leer más »
Morgan Stanley downgrades Boeing, says shares are approaching 'cruising altitude' after recent outperformanceBoeing shares are approaching 'cruising altitude' after taking off at the tail end of 2022, according to Morgan Stanley.
Leer más »
Brent will return to over $100 a barrel by the middle of 2023 – Morgan StanleyLooking back, 2022 was an eventful year for the oil market. Martijn Rats, Morgan Stanley's Global Commodity Strategist, discusses some of the key unce
Leer más »
Morgan Stanley exec departure sparks more CEO succession talkCOO and former CFO John Pruzan is retiring in a move that narrows the list of potential replacements if CEO James Gorman steps down
Leer más »