Goldman Sachs released a report indicating that the investment value of China's private enterprises is recovering, listing the "top 10 private giants in China", all rated "Buy", including Tencent (00700.HK), Alibaba-W (09988.HK), Xiaomi-W (01810.HK), BYD (01211.HK), MEITUAN-W (03690.HK), NTES-S (09999.HK), Midea (00300.HK), Hengrui Pharmaceuticals (01276.HK), Ctrip-S (09961.HK), and Anta (02020.HK).
The report states that the aforementioned Stocks collectively reflect themes of artificial intelligence/Technology development, self-sufficiency, "going out", services, new consumption forms, and continuously increasing Shareholder returns. These companies have a total Market Cap of up to 1.6 trillion dollars, accounting for 42% of the Msci China Index's weight, with an expected compound annual growth rate of earnings reaching 13% over the next two years.
