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Credit Suisse tips HK and China small-cap stocks

February 11, 2010  

From Aaron Pan

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.

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...


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OFFSHORE RENMINBI DCM

Rank Bookrunner Value ($m) No. %Share
1 HSBC 2,717 31 19.6
2 Standard Chartered Bank 1,889 26 13.6
3 Bank of China Ltd 1,561 17 11.2
4 Deutsche Bank 893 13 6.4
5 Industrial & Commercial Bank of China - ICBC 827 12 6.0
6 Agricultural Bank of China Ltd 607 7 4.4
7 Goldman Sachs 570 8 4.1
8 Citi 569 8 4.1
9 China International Capital Corp Ltd 461 5 3.3
10 DBS 442 9 3.2
Subtotal 10,534 72 75.9
Total 13,886 81 100.0

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