These US-Listed Chinese Stocks Set To Surge Amid Beijing's New Stimulus Plan: Citi
Portfolio Pulse from Benzinga Neuro
Citi identifies Tencent, Trip.com Group, and Meituan as potential beneficiaries of China's new economic stimulus measures. These U.S.-listed Chinese stocks are expected to gain from increased consumer spending and market confidence.
October 03, 2024 | 9:52 am
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POSITIVE IMPACT
Meituan could see growth in consumer spending on food delivery and local services due to China's economic stimulus.
Meituan is likely to benefit from increased consumer spending on food delivery and local services as a result of China's stimulus efforts.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tencent is expected to benefit from China's economic stimulus, with potential gains from increased consumer spending and online activity.
Tencent's diverse business portfolio positions it well to capitalize on increased consumer spending and online activity driven by China's stimulus measures.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Trip.com Group is poised to benefit from a resurgence in China's travel industry due to the new economic stimulus.
The stimulus measures are expected to boost China's travel industry, directly benefiting Trip.com Group as travel demand increases.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80