Healthcare, Financials Feb 18, 2022 02:19 PM (GMT+8)
JPMorgan Chase said that with the improvement of profitability and the relaxation of monetary policy, the CSI 300 index is expected to reach an all-time high in the next 12 months. Wendy Liu, chief China equity strategist at JPMorgan Chase, said in an interview that in the past few months, the profit expectation of the Shanghai and Shenzhen 300 index has increased, indicating that the profit growth rate of listed companies will rise from about 17% year-on-year to about 20%. "If we adopt a 13 times P / E ratio for this growth, it means that there is more than 20% room for growth on the CSI 300 index," she said "Materials, financial and industrial stocks are expected to create this incremental room for growth," it said
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