Quality Chinese stocks to buy as Asian markets recover: Bernstein
A solar thermal power plant in Gansu province, China.
Kaicheng Xu | Moment | Getty Images
Investment firm AllianceBernstein has selected several Asian stocks that it says will soon increase their prices, betting that a wider market rally in the region will continue.
“The magnitude and duration of the rally in value this time around remains below historical average levels, leaving more room for the upside,” analysts wrote in a research note on Monday. Bernstein analysts have selected stocks that they believe strike a balance between value, cyclicals (which rise and fall with the economy), and quality, growth stocks that they believe will outperform the market.
Choices include Chinese tech stocks, which it considers the country’s top internet company.
The list includes: