China‘s top fund managers have revealed their preferred stock picks following the reopening of the market after a recent downturn. The managers have shown optimism about the future of Chinese stocks despite several factors causing the market downturn, including the Delta variant outbreak, regulatory crackdowns, and concerns over the country’s property market.
Tencent and Kweichow Moutai are among the top stock picks by several of China’s leading fund managers. China Asset Management, one of the largest fund managers in China, has been buying Tencent shares since the market downturn, while Kweichow Moutai, a leading liquor manufacturer, remains a popular pick.
Tencent’s Position in the Market
Tencent, one of China’s leading tech companies, has seen a drop in its share price due to the regulatory crackdown on the tech industry. Despite this, China Asset Management‘s investment in Tencent highlights its confidence in the company’s potential for growth.
Tencent’s market position is bolstered by its impressive portfolio of businesses, including social media platform WeChat, online gaming, and advertising. The company’s diversified range of products and services helps ensure stable revenue growth, and its commitment to innovation and expansion demonstrates its ability to adapt to changes in the market.
Kweichow Moutai’s Performance in the Market
Kweichow Moutai, the world’s most valuable liquor maker, has been a top-performing stock in China in recent years. The company’s strong performance is attributed to its popular and prestigious brand, high-quality product offerings, and successful expansion into overseas markets.
Despite the economic downturn, Kweichow Moutai has maintained steady growth, demonstrating the company’s resilience and potential for long-term success. The company’s focus on innovation and expansion, as well as its commitment to sustainability and social responsibility, has also boosted its appeal to investors.
Other Stock Picks by Fund Managers
Apart from Tencent and Kweichow Moutai, other companies have caught the attention of China’s leading fund managers. Baidu, China’s largest search engine company, has been a popular pick due to its strong position in the digital advertising market and its growing cloud services business.
China Petroleum & Chemical Corporation (Sinopec), one of China’s leading energy companies, has also been a top pick among fund managers. The company’s strong financial performance, including its ability to maintain steady revenue growth despite the impact of the pandemic, has made it an attractive investment option.
China’s top fund managers have shown confidence in the future of Chinese stocks despite recent market downturns caused by various factors. Tencent and Kweichow Moutai remain top picks, while Baidu and Sinopec have also caught the attention of investors. These companies’ successful performances, focus on innovation and expansion, and commitment to sustainability and social responsibility, highlight their potential for long-term success in the market.
This communication is for informative purpose only. Damalion experts support international entrepreneurs to expand their business internationally. Please contact your Damalion expert now.
