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Morgan Stanley expects further declines in Chinese stocks before they bottom out

FinanceInternationalBloomberg Línea35 s readAI summary
Image: Bloomberg Línea

Morgan Stanley estimates that Chinese stocks listed abroad could fall another 10% to 15% before reaching their historical valuation level, around eight times forward earnings for the next 12 months. The analysts, including Laura Wang, attribute the correction to weakening growth and consumption, concerns over the investment fund tax, pressure on e-commerce and global volatility. In mainland China they expect a similar downward revision, to 10-11 times earnings.

In 35 seconds

  • Morgan Stanley sees a further 10%-15% decline in Chinese stocks listed abroad before they bottom out
  • The historical valuation level stands at around eight times forward 12-month earnings
  • On the mainland they expect a similar downward revision, to 10-11 times earnings
Read the full story at Bloomberg Línea

IASummary generated by artificial intelligence from a story by Bloomberg Línea. It may contain errors: the original source prevails.

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