Analysts who correctly predicted the sharp rise at the end of September: There is still room for growth in the Chinese stock market
Bank of America strategist Lars Naeckter stated that considering the continued efforts of Chinese policies and the willingness of investors to re-enter the market, there is still a possibility of further rebound in the market
Chinese stock market still has room to rise!
Recently, Bank of America strategist Lars Naeckter, who correctly predicted the sharp rise in the Chinese stock market in September, once again stated that the Chinese stock market still has upward potential.
In an interview with the media, Naeckter said that although the Hang Seng China Enterprises Index in Hong Kong has retraced nearly half of its recent gains, considering the continued efforts of national policies and the willingness of investors to re-enter the market, there is still a possibility of further rebound in the market.
Naeckter stated:
"Opportunities still exist. Despite the existing uncertainties, with stimulus measures continuing to strengthen in scale and duration, there is still significant growth potential in the market from now on."
"There is still a healthy sense of skepticism in the market, which is a good thing because it may prevent an over-adjustment to the upside."
Naeckter's team also recommended adopting a bullish option strategy for Chinese large-cap stock ETFs in the US stock market.
In addition to Bank of America, it was reported that last week, Goldman Sachs' trading desk also recommended buying put options on the Hang Seng Index and selling call options to hedge, indicating that the bank may anticipate significant future volatility but does not want to completely exit the market.
Peter Yip, head of currency and emerging markets at Morgan Stanley, also mentioned on Monday that due to the prospect of global interest rate cuts, there has been an increased demand for hedging in China