UBS give 3 reasons Chinese stocks look attractive now ...Middle East

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UBS give 3 reasons Chinese stocks look attractive now
UBS are getting keener of Chinese stocks:China Equity Strategy: How much is cheap enough? MSCI China at record low valuation MSCI China has declined 10% YTD, underperforming global markets by 8%, and is currently trading at 8.2x forward P/E - on par with previous troughs reached since 2014. Historically if investors bought into the MSCI China index at this valuation multiple, they would have generated an average return of 12% in one week. As global equities have benefitted from lower interest rate expectations, MSCI China is now also trading at record discount vs MSCI World and EM. While recent economic indicators have not shown a material improvement, they have certainly not shown the leve

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