Stock Analysts Are Most Bullish on Chinese Companies in a Decade
Bloomberg 1/18/2021 Eric Lam
(Bloomberg) Equity analysts just keep getting more bullish on Asian companies, especially in China, where the proportion of buy equivalent ratings in local stocks has now surpassed South Korea to the highest since 2011.
About 86% of the more than 5,600 total stock recommendations in the benchmark CSI 300 Index are now a buy equivalent, according to data compiled by Bloomberg as of Jan. 14. That’s an increase of five percentage points from a year ago, and has seen China overtake long-time leader Korea as the major market that analysts are the most upbeat about in the Asia Pacific region, the data show.