HSBC Global Research - 29 Mar 2012

China Investment Atlas (Issue 39)
Language: English
Page: 60


Back to fundamentals 4
Risk on, but not for HK yet 4
More easing warranted to allay growth concern 6
Downward earnings revison will soon be reversed 8
Chairman Guo is reshaping the A-share market 10
Oil is the risk 12
Investment strategy 13
Revise up 2012 index targets 13
Sector allocation strategy 15
Model portfolio adjustments 17
Market moving events 19
Market indicators 21
Market performance 22
Valuation 24
Earnings 26
Liquidity 28
Sector indicators 31
Appendix 49
Data pack 50
A-and-H dual-listed shares (70 companies) 51
HSBC China coverage list (187 companies) 52