Morgan Stanley expects further declines in Chinese stocks before they bottom out
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
IASummary generated by artificial intelligence from a story by Bloomberg Línea. It may contain errors: the original source prevails.




Comments
Be respectful. Comments reported by several people are hidden until a moderator reviews them.
You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.