Morgan Stanley issued a report to lower the basic situational index forecast for China's stock market until the end of June next year, in which the Hang Seng Index target fell to 24400 points, the national index target fell to 8750 points, MSCI China fell to 90 points, and Shanghai and Shenzhen fell to 5100 points. Morgan Stanley's forecast for profit growth in MSCI China will fall from 18% to 15% this year and from 14% to 11% next year. The bank's target valuation multiple for MSCI China also fell to 12.5 times forecast earnings from 13 times forecast earnings. The bank is cautious about Chinese stocks and continues to prefer A shares to H shares.
大摩下调恒指明年中预测至24400，国指降至8750
Morgan Stanley lowered its forecast for the Hang Seng Index to 24400 in the middle of next year, and the National Index fell to 8750.
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