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Credit Suisse tips HK and China small-cap stocks

Date: 11 Feb 2010

Shares in Hong Kong and China and small-cap stocks look set to outperform as the pace of economic recovery in Asia slows, predicts Credit Suisse. Additionally Hong Kong’s equity market is likely to become more volatile.

Keywords (click to search): [Hong Kong] [China] [equity] [small caps] [investing] [Kenny Lau] [Credit Suisse]

Aaron Pan

The recent downturn in equity markets offers a buying opportunity, especially for small-cap stocks in Hong Kong and China, according to analysts at Credit Suisse.

The Swiss bank estimates that on a price-to-earnings ratio basis China small-caps are currently trading at an 11% discount to large-caps, while in Hong Kong they are trading at a 29% discount.

“The current small-cap outperformance is a cyclical trend that occurs after every...

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