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Valuation of CN 'Top 10 Private Giants' Nearly Half of US 'Magnificent Seven': CNCBI
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China CITIC Bank International (CNCBI) has published its January investment monthly report. It highlighted that the investment market has identified a group of Chinese companies with long-term competitiveness in China's stock markets as the "Top 10 Private Giants" besides the so-called "Magnificent Seven" in the US. The "Top 10 Private Giants" include TENCENT (00700.HK), BABA-W (09988.HK), XIAOMI-W (01810.HK), BYD COMPANY (01211.HK), MEITUAN-W (03690.HK), NTES-S (09999.HK), MIDEA GROUP (00300.HK), HENGRUI PHARMA (01276.HK), TRIP.COM-S (09961.HK), and ANTA SPORTS (02020.HK). They span multiple high-growth sectors like interactive media, technology hardware and software, new energy vehicles, consumer services, and pharmaceuticals. Over the past few years, Chinese private enterprises have undergone deep adjustments and shown a marked recovery in their earnings, yet their valuations are still hovering at a low level. Particularly, the "Top 10 Private Giants" are trading at nearly half the valuation levels of the "Magnificent Seven". AAStocks Financial News |
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