China’s ‘Small Giants’ Lure Investors Hunting for Big Gains_老虎社区_美港股上老虎

China’s ‘Small Giants’ Lure Investors Hunting for Big Gains

Bloomberg2021-06-28

(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction. While the mainland benchmark CSI 300 is slightly ...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

Showcase
·2021-10-08
Ok
回复
点赞
举报
Tzuyoda24
·2021-06-28
Nicee
回复
1
举报
yani
·2021-06-28
Yeah..like and comment
回复
2
举报
Wenikho
·2021-06-28
Okay
回复
2
举报
收起
- Kdf:
  Nicee
  2021-06-28
  回复
  举报
YKYK14
·2021-06-28
[财迷]
回复
9
举报
收起
- Wenikho:
  Yes
  2021-06-28
  回复
  举报
- VenusOng:
  [Smile]
  2021-06-28
  回复
  举报
- YKYK14:
  [心碎]
  2021-06-30
  回复
  举报
查看更多 1 条评论
YauKC
·2021-06-28
Hope every trader and investor make money and be happy!
回复
4
举报
收起
- Chinleong:
  Yes
  2021-06-28
  回复
  举报
- Eded:
  Thanks . Happy trading
  2021-06-28
  回复
  举报
YW999
·2021-06-28
Good read
回复
4
举报
收起
- jw321:
  yup
  2021-06-28
  回复
  举报
IsaacYap90
·2021-06-28
(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.
回复
3
举报

热议股票

7x24

全部

关于我们·老虎社区守则·老虎社区账号管理规范·老虎社区服务协议·老虎社区隐私政策

公司名称：北京至简风宜信息技术有限公司

违法和不良信息投诉：010-5681-3562（工作时间9:30-18:30）

邮箱：service@laohu8.com

营业执照：91110105MA01A4U55R

ICP备：京ICP备18016422号

网安备：京公网安备11010502036490

关注我们

{"i18n":{"language":"zh_CN"},"data":{"share":"https://www.laohu8.com/m/news/1110020598?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-06-28 13:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1110020598","market":"sh","top_or_hot":-1,"title":"China’s ‘Small Giants’ Lure Investors Hunting for Big Gains","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.\nWhile the mainland benchmark CSI 300 is slightly ...</p>\n\n<a href=\"https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html\">网页链接</a>\n\n</div>\n","source":"lsy1612507957220","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s ‘Small Giants’ Lure Investors Hunting for Big Gains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s ‘Small Giants’ Lure Investors Hunting for Big Gains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 13:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.\nWhile the mainland benchmark CSI 300 is slightly ...</p>\n\n<a href=\"https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"000001.SH","symbol_name":"上证指数","start_time":0,"source_url":"https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html","article_id":"1110020598","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1110020598","pubTimestamp":1624858441,"sourceInfo":{"source_id":"lsy1612507957220","name":"finance.yahoo"},"weMediaInfo":null,"summary":"(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a sh","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"399001":"深证成指","000001.SH":"上证指数","000016.SH":"上证50"},"translate_title":"中国“小巨人”吸引投资者追逐大收益","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"399001":0.9,"000001.SH":0.9,"000016.SH":0.9},"content_text":"(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.\nWhile the mainland benchmark CSI 300 is slightly down over the past month, the tech-heavy ChiNext Index is up 6% and the Nasdaq-style Star Board 50 Index has gained 12%. An MSCI Inc. gauge of small-cap growth stocks in China has gained 2%, in stark contrast to its economically sensitive value share equivalent which is down 6.5%.\nWith question marks over the strength of the Chinese economy, investors are turning toward secular growth stories in a hunt for exceptional earnings upside. For some that means the shares of smaller companies, which are expanding more rapidly than their more-established blue-chip peers.\n“Recent sideways moves can be interpreted as a shift in market preference to tech and innovation, and a bull run there on its initial legs,” wrote Industrial Securities analyst Zhang Yidong in a note. He suggested “small giants” on the Star board with a market cap of 10 billion-80 billion yuan ($1.5 billion-$12 billion) as the “core assets“ of tomorrow.\nStar Performer\nNothing embodies growth like the two-year old Star board in Shanghai, which lowered revenue and profitability requirements to enlist companies with a competitive tech edge. Firms in the Star50 Index are expected to see 31% earnings growth this year, with profits seen expanding by 48% next year, according to data compiled by Bloomberg. The index rose as much as 2.9% Monday, trouncing the 0.6% loss in the SSE 50 gauge of blue chips.\nStill, that kind of growth comes at a price. The Star50 gauge is trading on 62 times forward earnings estimates and the Chinext is on 45 times, according to data compiled by Bloomberg. The MSCI Asia Pacific Information Technology Index is on just 18 times forward earnings.\nThat doesn’t seem to put off Zheshang Securities Co. analysts including Wang Yang, who noted the board traded on 89 times earnings at its advent in a recent report and called it “the engine of the new bull market”.\nBlue Shift\nA preference for smaller growth shares would be a significant shift from crowded blue-chip bets such as liquor giant Kweichow Moutai Co., large caps that propelled China’s markets to a peak in February. Investors had piled in for their high earnings visibility, only to race for the exit as worries over liquidity triggered a selloff in the most expensive parts of the market and sent the benchmark into a correction in March.\nThe trend mirrors a reassessment of growth shares on a global scale as investors ponder the future for cheaper cyclical stocks if faster-than-expected rate hikes weigh on a post-pandemic economic recovery. That was evident in the reaction to this month’s hawkish pivot from the Federal Reserve, which led to a rebound in growth stocks and weakness in reflation bets.\nFed Pivot Seen as Bump, Not Dead End for Reflation Trade\nTo foreign investors, Hong Kong’s giant internet stocks are perhaps the biggest play on China’s growth, but regulatory uncertainty keeps many at bay. BlackRock Inc. is among those ready to explore investments in smaller companies in the sector.\n“We position in small- and mid-cap names that are less exposed to the anti-trust risk and are relatively early in their user penetration and growth cycle,” said portfolio manager Lucy Liu in a press briefing on Wednesday. Examples include live broadcasting companies and the “new generation” of social networks.\n“We will probably stay a little bit away from the large dominant platforms for a little bit longer,” she added.\nInnovation Nation\nSemiconductors and electric vehicle plays are also among those favored by investors and analysts should the rotation take root. The former is expected to benefit from capacity expansion as a global chip shortage persists, while EVs can enjoy robust sales on more competitive model roll-outs. Advanced manufacturing, military tech, artificial intelligence and innovative drugs are other themes seen to have potential.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":821059635,"gmtCreate":1633678176998,"gmtModify":1633678177391,"author":{"id":"3578739466550787","authorId":"3578739466550787","name":"Showcase","avatar":"https://static.tigerbbs.com/48864a971d3cf33ae9e4aed6b49688bc","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/821059635","repostId":1110020598,"repostType":2,"repost":{"id":"1110020598","pubTimestamp":1624858441,"share":"https://www.laohu8.com/m/news/1110020598?lang=&edition=full","pubTime":"2021-06-28 13:34","market":"sh","language":"en","title":"China’s ‘Small Giants’ Lure Investors Hunting for Big Gains","url":"https://stock-news.laohu8.com/highlight/detail?id=1110020598","media":"Bloomberg","summary":"(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a sh","content":"<p>(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.</p>\n<p>While the mainland benchmark CSI 300 is slightly down over the past month, the tech-heavy ChiNext Index is up 6% and the Nasdaq-style Star Board 50 Index has gained 12%. An MSCI Inc. gauge of small-cap growth stocks in China has gained 2%, in stark contrast to its economically sensitive value share equivalent which is down 6.5%.</p>\n<p>With question marks over the strength of the Chinese economy, investors are turning toward secular growth stories in a hunt for exceptional earnings upside. For some that means the shares of smaller companies, which are expanding more rapidly than their more-established blue-chip peers.</p>\n<p>“Recent sideways moves can be interpreted as a shift in market preference to tech and innovation, and a bull run there on its initial legs,” wrote Industrial Securities analyst Zhang Yidong in a note. He suggested “small giants” on the Star board with a market cap of 10 billion-80 billion yuan ($1.5 billion-$12 billion) as the “core assets“ of tomorrow.</p>\n<p>Star Performer</p>\n<p>Nothing embodies growth like the two-year old Star board in Shanghai, which lowered revenue and profitability requirements to enlist companies with a competitive tech edge. Firms in the Star50 Index are expected to see 31% earnings growth this year, with profits seen expanding by 48% next year, according to data compiled by Bloomberg. The index rose as much as 2.9% Monday, trouncing the 0.6% loss in the SSE 50 gauge of blue chips.</p>\n<p>Still, that kind of growth comes at a price. The Star50 gauge is trading on 62 times forward earnings estimates and the Chinext is on 45 times, according to data compiled by Bloomberg. The MSCI Asia Pacific Information Technology Index is on just 18 times forward earnings.</p>\n<p>That doesn’t seem to put off Zheshang Securities Co. analysts including Wang Yang, who noted the board traded on 89 times earnings at its advent in a recent report and called it “the engine of the new bull market”.</p>\n<p>Blue Shift</p>\n<p>A preference for smaller growth shares would be a significant shift from crowded blue-chip bets such as liquor giant Kweichow Moutai Co., large caps that propelled China’s markets to a peak in February. Investors had piled in for their high earnings visibility, only to race for the exit as worries over liquidity triggered a selloff in the most expensive parts of the market and sent the benchmark into a correction in March.</p>\n<p>The trend mirrors a reassessment of growth shares on a global scale as investors ponder the future for cheaper cyclical stocks if faster-than-expected rate hikes weigh on a post-pandemic economic recovery. That was evident in the reaction to this month’s hawkish pivot from the Federal Reserve, which led to a rebound in growth stocks and weakness in reflation bets.</p>\n<p>Fed Pivot Seen as Bump, Not Dead End for Reflation Trade</p>\n<p>To foreign investors, Hong Kong’s giant internet stocks are perhaps the biggest play on China’s growth, but regulatory uncertainty keeps many at bay. BlackRock Inc. is among those ready to explore investments in smaller companies in the sector.</p>\n<p>“We position in small- and mid-cap names that are less exposed to the anti-trust risk and are relatively early in their user penetration and growth cycle,” said portfolio manager Lucy Liu in a press briefing on Wednesday. Examples include live broadcasting companies and the “new generation” of social networks.</p>\n<p>“We will probably stay a little bit away from the large dominant platforms for a little bit longer,” she added.</p>\n<p>Innovation Nation</p>\n<p>Semiconductors and electric vehicle plays are also among those favored by investors and analysts should the rotation take root. The former is expected to benefit from capacity expansion as a global chip shortage persists, while EVs can enjoy robust sales on more competitive model roll-outs. Advanced manufacturing, military tech, artificial intelligence and innovative drugs are other themes seen to have potential.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s ‘Small Giants’ Lure Investors Hunting for Big Gains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s ‘Small Giants’ Lure Investors Hunting for Big Gains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 13:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.\nWhile the mainland benchmark CSI 300 is slightly ...</p>\n\n<a href=\"https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","000016.SH":"上证50","000001.SH":"上证指数"},"source_url":"https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110020598","content_text":"(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.\nWhile the mainland benchmark CSI 300 is slightly down over the past month, the tech-heavy ChiNext Index is up 6% and the Nasdaq-style Star Board 50 Index has gained 12%. An MSCI Inc. gauge of small-cap growth stocks in China has gained 2%, in stark contrast to its economically sensitive value share equivalent which is down 6.5%.\nWith question marks over the strength of the Chinese economy, investors are turning toward secular growth stories in a hunt for exceptional earnings upside. For some that means the shares of smaller companies, which are expanding more rapidly than their more-established blue-chip peers.\n“Recent sideways moves can be interpreted as a shift in market preference to tech and innovation, and a bull run there on its initial legs,” wrote Industrial Securities analyst Zhang Yidong in a note. He suggested “small giants” on the Star board with a market cap of 10 billion-80 billion yuan ($1.5 billion-$12 billion) as the “core assets“ of tomorrow.\nStar Performer\nNothing embodies growth like the two-year old Star board in Shanghai, which lowered revenue and profitability requirements to enlist companies with a competitive tech edge. Firms in the Star50 Index are expected to see 31% earnings growth this year, with profits seen expanding by 48% next year, according to data compiled by Bloomberg. The index rose as much as 2.9% Monday, trouncing the 0.6% loss in the SSE 50 gauge of blue chips.\nStill, that kind of growth comes at a price. The Star50 gauge is trading on 62 times forward earnings estimates and the Chinext is on 45 times, according to data compiled by Bloomberg. The MSCI Asia Pacific Information Technology Index is on just 18 times forward earnings.\nThat doesn’t seem to put off Zheshang Securities Co. analysts including Wang Yang, who noted the board traded on 89 times earnings at its advent in a recent report and called it “the engine of the new bull market”.\nBlue Shift\nA preference for smaller growth shares would be a significant shift from crowded blue-chip bets such as liquor giant Kweichow Moutai Co., large caps that propelled China’s markets to a peak in February. Investors had piled in for their high earnings visibility, only to race for the exit as worries over liquidity triggered a selloff in the most expensive parts of the market and sent the benchmark into a correction in March.\nThe trend mirrors a reassessment of growth shares on a global scale as investors ponder the future for cheaper cyclical stocks if faster-than-expected rate hikes weigh on a post-pandemic economic recovery. That was evident in the reaction to this month’s hawkish pivot from the Federal Reserve, which led to a rebound in growth stocks and weakness in reflation bets.\nFed Pivot Seen as Bump, Not Dead End for Reflation Trade\nTo foreign investors, Hong Kong’s giant internet stocks are perhaps the biggest play on China’s growth, but regulatory uncertainty keeps many at bay. BlackRock Inc. is among those ready to explore investments in smaller companies in the sector.\n“We position in small- and mid-cap names that are less exposed to the anti-trust risk and are relatively early in their user penetration and growth cycle,” said portfolio manager Lucy Liu in a press briefing on Wednesday. Examples include live broadcasting companies and the “new generation” of social networks.\n“We will probably stay a little bit away from the large dominant platforms for a little bit longer,” she added.\nInnovation Nation\nSemiconductors and electric vehicle plays are also among those favored by investors and analysts should the rotation take root. The former is expected to benefit from capacity expansion as a global chip shortage persists, while EVs can enjoy robust sales on more competitive model roll-outs. Advanced manufacturing, military tech, artificial intelligence and innovative drugs are other themes seen to have potential.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":127731807,"gmtCreate":1624868310309,"gmtModify":1631892545832,"author":{"id":"3579234000534296","authorId":"3579234000534296","name":"Tzuyoda24","avatar":"https://static.tigerbbs.com/64c400e046f5471532f593f1806f232a","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Nicee","listText":"Nicee","text":"Nicee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/127731807","repostId":1110020598,"repostType":4,"repost":{"id":"1110020598","pubTimestamp":1624858441,"share":"https://www.laohu8.com/m/news/1110020598?lang=&edition=full","pubTime":"2021-06-28 13:34","market":"sh","language":"en","title":"China’s ‘Small Giants’ Lure Investors Hunting for Big Gains","url":"https://stock-news.laohu8.com/highlight/detail?id=1110020598","media":"Bloomberg","summary":"(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a sh","content":"<p>(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.</p>\n<p>While the mainland benchmark CSI 300 is slightly down over the past month, the tech-heavy ChiNext Index is up 6% and the Nasdaq-style Star Board 50 Index has gained 12%. An MSCI Inc. gauge of small-cap growth stocks in China has gained 2%, in stark contrast to its economically sensitive value share equivalent which is down 6.5%.</p>\n<p>With question marks over the strength of the Chinese economy, investors are turning toward secular growth stories in a hunt for exceptional earnings upside. For some that means the shares of smaller companies, which are expanding more rapidly than their more-established blue-chip peers.</p>\n<p>“Recent sideways moves can be interpreted as a shift in market preference to tech and innovation, and a bull run there on its initial legs,” wrote Industrial Securities analyst Zhang Yidong in a note. He suggested “small giants” on the Star board with a market cap of 10 billion-80 billion yuan ($1.5 billion-$12 billion) as the “core assets“ of tomorrow.</p>\n<p>Star Performer</p>\n<p>Nothing embodies growth like the two-year old Star board in Shanghai, which lowered revenue and profitability requirements to enlist companies with a competitive tech edge. Firms in the Star50 Index are expected to see 31% earnings growth this year, with profits seen expanding by 48% next year, according to data compiled by Bloomberg. The index rose as much as 2.9% Monday, trouncing the 0.6% loss in the SSE 50 gauge of blue chips.</p>\n<p>Still, that kind of growth comes at a price. The Star50 gauge is trading on 62 times forward earnings estimates and the Chinext is on 45 times, according to data compiled by Bloomberg. The MSCI Asia Pacific Information Technology Index is on just 18 times forward earnings.</p>\n<p>That doesn’t seem to put off Zheshang Securities Co. analysts including Wang Yang, who noted the board traded on 89 times earnings at its advent in a recent report and called it “the engine of the new bull market”.</p>\n<p>Blue Shift</p>\n<p>A preference for smaller growth shares would be a significant shift from crowded blue-chip bets such as liquor giant Kweichow Moutai Co., large caps that propelled China’s markets to a peak in February. Investors had piled in for their high earnings visibility, only to race for the exit as worries over liquidity triggered a selloff in the most expensive parts of the market and sent the benchmark into a correction in March.</p>\n<p>The trend mirrors a reassessment of growth shares on a global scale as investors ponder the future for cheaper cyclical stocks if faster-than-expected rate hikes weigh on a post-pandemic economic recovery. That was evident in the reaction to this month’s hawkish pivot from the Federal Reserve, which led to a rebound in growth stocks and weakness in reflation bets.</p>\n<p>Fed Pivot Seen as Bump, Not Dead End for Reflation Trade</p>\n<p>To foreign investors, Hong Kong’s giant internet stocks are perhaps the biggest play on China’s growth, but regulatory uncertainty keeps many at bay. BlackRock Inc. is among those ready to explore investments in smaller companies in the sector.</p>\n<p>“We position in small- and mid-cap names that are less exposed to the anti-trust risk and are relatively early in their user penetration and growth cycle,” said portfolio manager Lucy Liu in a press briefing on Wednesday. Examples include live broadcasting companies and the “new generation” of social networks.</p>\n<p>“We will probably stay a little bit away from the large dominant platforms for a little bit longer,” she added.</p>\n<p>Innovation Nation</p>\n<p>Semiconductors and electric vehicle plays are also among those favored by investors and analysts should the rotation take root. The former is expected to benefit from capacity expansion as a global chip shortage persists, while EVs can enjoy robust sales on more competitive model roll-outs. Advanced manufacturing, military tech, artificial intelligence and innovative drugs are other themes seen to have potential.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s ‘Small Giants’ Lure Investors Hunting for Big Gains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s ‘Small Giants’ Lure Investors Hunting for Big Gains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 13:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.\nWhile the mainland benchmark CSI 300 is slightly ...</p>\n\n<a href=\"https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","000016.SH":"上证50","000001.SH":"上证指数"},"source_url":"https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110020598","content_text":"(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.\nWhile the mainland benchmark CSI 300 is slightly down over the past month, the tech-heavy ChiNext Index is up 6% and the Nasdaq-style Star Board 50 Index has gained 12%. An MSCI Inc. gauge of small-cap growth stocks in China has gained 2%, in stark contrast to its economically sensitive value share equivalent which is down 6.5%.\nWith question marks over the strength of the Chinese economy, investors are turning toward secular growth stories in a hunt for exceptional earnings upside. For some that means the shares of smaller companies, which are expanding more rapidly than their more-established blue-chip peers.\n“Recent sideways moves can be interpreted as a shift in market preference to tech and innovation, and a bull run there on its initial legs,” wrote Industrial Securities analyst Zhang Yidong in a note. He suggested “small giants” on the Star board with a market cap of 10 billion-80 billion yuan ($1.5 billion-$12 billion) as the “core assets“ of tomorrow.\nStar Performer\nNothing embodies growth like the two-year old Star board in Shanghai, which lowered revenue and profitability requirements to enlist companies with a competitive tech edge. Firms in the Star50 Index are expected to see 31% earnings growth this year, with profits seen expanding by 48% next year, according to data compiled by Bloomberg. The index rose as much as 2.9% Monday, trouncing the 0.6% loss in the SSE 50 gauge of blue chips.\nStill, that kind of growth comes at a price. The Star50 gauge is trading on 62 times forward earnings estimates and the Chinext is on 45 times, according to data compiled by Bloomberg. The MSCI Asia Pacific Information Technology Index is on just 18 times forward earnings.\nThat doesn’t seem to put off Zheshang Securities Co. analysts including Wang Yang, who noted the board traded on 89 times earnings at its advent in a recent report and called it “the engine of the new bull market”.\nBlue Shift\nA preference for smaller growth shares would be a significant shift from crowded blue-chip bets such as liquor giant Kweichow Moutai Co., large caps that propelled China’s markets to a peak in February. Investors had piled in for their high earnings visibility, only to race for the exit as worries over liquidity triggered a selloff in the most expensive parts of the market and sent the benchmark into a correction in March.\nThe trend mirrors a reassessment of growth shares on a global scale as investors ponder the future for cheaper cyclical stocks if faster-than-expected rate hikes weigh on a post-pandemic economic recovery. That was evident in the reaction to this month’s hawkish pivot from the Federal Reserve, which led to a rebound in growth stocks and weakness in reflation bets.\nFed Pivot Seen as Bump, Not Dead End for Reflation Trade\nTo foreign investors, Hong Kong’s giant internet stocks are perhaps the biggest play on China’s growth, but regulatory uncertainty keeps many at bay. BlackRock Inc. is among those ready to explore investments in smaller companies in the sector.\n“We position in small- and mid-cap names that are less exposed to the anti-trust risk and are relatively early in their user penetration and growth cycle,” said portfolio manager Lucy Liu in a press briefing on Wednesday. Examples include live broadcasting companies and the “new generation” of social networks.\n“We will probably stay a little bit away from the large dominant platforms for a little bit longer,” she added.\nInnovation Nation\nSemiconductors and electric vehicle plays are also among those favored by investors and analysts should the rotation take root. The former is expected to benefit from capacity expansion as a global chip shortage persists, while EVs can enjoy robust sales on more competitive model roll-outs. Advanced manufacturing, military tech, artificial intelligence and innovative drugs are other themes seen to have potential.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":127433069,"gmtCreate":1624861676951,"gmtModify":1633947813787,"author":{"id":"3580375840418108","authorId":"3580375840418108","name":"yani","avatar":"https://static.tigerbbs.com/1874321b512b0390126a7a442cf8f470","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Yeah..like and comment","listText":"Yeah..like and comment","text":"Yeah..like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/127433069","repostId":1110020598,"repostType":4,"repost":{"id":"1110020598","pubTimestamp":1624858441,"share":"https://www.laohu8.com/m/news/1110020598?lang=&edition=full","pubTime":"2021-06-28 13:34","market":"sh","language":"en","title":"China’s ‘Small Giants’ Lure Investors Hunting for Big Gains","url":"https://stock-news.laohu8.com/highlight/detail?id=1110020598","media":"Bloomberg","summary":"(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a sh","content":"<p>(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.</p>\n<p>While the mainland benchmark CSI 300 is slightly down over the past month, the tech-heavy ChiNext Index is up 6% and the Nasdaq-style Star Board 50 Index has gained 12%. An MSCI Inc. gauge of small-cap growth stocks in China has gained 2%, in stark contrast to its economically sensitive value share equivalent which is down 6.5%.</p>\n<p>With question marks over the strength of the Chinese economy, investors are turning toward secular growth stories in a hunt for exceptional earnings upside. For some that means the shares of smaller companies, which are expanding more rapidly than their more-established blue-chip peers.</p>\n<p>“Recent sideways moves can be interpreted as a shift in market preference to tech and innovation, and a bull run there on its initial legs,” wrote Industrial Securities analyst Zhang Yidong in a note. He suggested “small giants” on the Star board with a market cap of 10 billion-80 billion yuan ($1.5 billion-$12 billion) as the “core assets“ of tomorrow.</p>\n<p>Star Performer</p>\n<p>Nothing embodies growth like the two-year old Star board in Shanghai, which lowered revenue and profitability requirements to enlist companies with a competitive tech edge. Firms in the Star50 Index are expected to see 31% earnings growth this year, with profits seen expanding by 48% next year, according to data compiled by Bloomberg. The index rose as much as 2.9% Monday, trouncing the 0.6% loss in the SSE 50 gauge of blue chips.</p>\n<p>Still, that kind of growth comes at a price. The Star50 gauge is trading on 62 times forward earnings estimates and the Chinext is on 45 times, according to data compiled by Bloomberg. The MSCI Asia Pacific Information Technology Index is on just 18 times forward earnings.</p>\n<p>That doesn’t seem to put off Zheshang Securities Co. analysts including Wang Yang, who noted the board traded on 89 times earnings at its advent in a recent report and called it “the engine of the new bull market”.</p>\n<p>Blue Shift</p>\n<p>A preference for smaller growth shares would be a significant shift from crowded blue-chip bets such as liquor giant Kweichow Moutai Co., large caps that propelled China’s markets to a peak in February. Investors had piled in for their high earnings visibility, only to race for the exit as worries over liquidity triggered a selloff in the most expensive parts of the market and sent the benchmark into a correction in March.</p>\n<p>The trend mirrors a reassessment of growth shares on a global scale as investors ponder the future for cheaper cyclical stocks if faster-than-expected rate hikes weigh on a post-pandemic economic recovery. That was evident in the reaction to this month’s hawkish pivot from the Federal Reserve, which led to a rebound in growth stocks and weakness in reflation bets.</p>\n<p>Fed Pivot Seen as Bump, Not Dead End for Reflation Trade</p>\n<p>To foreign investors, Hong Kong’s giant internet stocks are perhaps the biggest play on China’s growth, but regulatory uncertainty keeps many at bay. BlackRock Inc. is among those ready to explore investments in smaller companies in the sector.</p>\n<p>“We position in small- and mid-cap names that are less exposed to the anti-trust risk and are relatively early in their user penetration and growth cycle,” said portfolio manager Lucy Liu in a press briefing on Wednesday. Examples include live broadcasting companies and the “new generation” of social networks.</p>\n<p>“We will probably stay a little bit away from the large dominant platforms for a little bit longer,” she added.</p>\n<p>Innovation Nation</p>\n<p>Semiconductors and electric vehicle plays are also among those favored by investors and analysts should the rotation take root. The former is expected to benefit from capacity expansion as a global chip shortage persists, while EVs can enjoy robust sales on more competitive model roll-outs. Advanced manufacturing, military tech, artificial intelligence and innovative drugs are other themes seen to have potential.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s ‘Small Giants’ Lure Investors Hunting for Big Gains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s ‘Small Giants’ Lure Investors Hunting for Big Gains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 13:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.\nWhile the mainland benchmark CSI 300 is slightly ...</p>\n\n<a href=\"https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","000016.SH":"上证50","000001.SH":"上证指数"},"source_url":"https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110020598","content_text":"(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.\nWhile the mainland benchmark CSI 300 is slightly down over the past month, the tech-heavy ChiNext Index is up 6% and the Nasdaq-style Star Board 50 Index has gained 12%. An MSCI Inc. gauge of small-cap growth stocks in China has gained 2%, in stark contrast to its economically sensitive value share equivalent which is down 6.5%.\nWith question marks over the strength of the Chinese economy, investors are turning toward secular growth stories in a hunt for exceptional earnings upside. For some that means the shares of smaller companies, which are expanding more rapidly than their more-established blue-chip peers.\n“Recent sideways moves can be interpreted as a shift in market preference to tech and innovation, and a bull run there on its initial legs,” wrote Industrial Securities analyst Zhang Yidong in a note. He suggested “small giants” on the Star board with a market cap of 10 billion-80 billion yuan ($1.5 billion-$12 billion) as the “core assets“ of tomorrow.\nStar Performer\nNothing embodies growth like the two-year old Star board in Shanghai, which lowered revenue and profitability requirements to enlist companies with a competitive tech edge. Firms in the Star50 Index are expected to see 31% earnings growth this year, with profits seen expanding by 48% next year, according to data compiled by Bloomberg. The index rose as much as 2.9% Monday, trouncing the 0.6% loss in the SSE 50 gauge of blue chips.\nStill, that kind of growth comes at a price. The Star50 gauge is trading on 62 times forward earnings estimates and the Chinext is on 45 times, according to data compiled by Bloomberg. The MSCI Asia Pacific Information Technology Index is on just 18 times forward earnings.\nThat doesn’t seem to put off Zheshang Securities Co. analysts including Wang Yang, who noted the board traded on 89 times earnings at its advent in a recent report and called it “the engine of the new bull market”.\nBlue Shift\nA preference for smaller growth shares would be a significant shift from crowded blue-chip bets such as liquor giant Kweichow Moutai Co., large caps that propelled China’s markets to a peak in February. Investors had piled in for their high earnings visibility, only to race for the exit as worries over liquidity triggered a selloff in the most expensive parts of the market and sent the benchmark into a correction in March.\nThe trend mirrors a reassessment of growth shares on a global scale as investors ponder the future for cheaper cyclical stocks if faster-than-expected rate hikes weigh on a post-pandemic economic recovery. That was evident in the reaction to this month’s hawkish pivot from the Federal Reserve, which led to a rebound in growth stocks and weakness in reflation bets.\nFed Pivot Seen as Bump, Not Dead End for Reflation Trade\nTo foreign investors, Hong Kong’s giant internet stocks are perhaps the biggest play on China’s growth, but regulatory uncertainty keeps many at bay. BlackRock Inc. is among those ready to explore investments in smaller companies in the sector.\n“We position in small- and mid-cap names that are less exposed to the anti-trust risk and are relatively early in their user penetration and growth cycle,” said portfolio manager Lucy Liu in a press briefing on Wednesday. Examples include live broadcasting companies and the “new generation” of social networks.\n“We will probably stay a little bit away from the large dominant platforms for a little bit longer,” she added.\nInnovation Nation\nSemiconductors and electric vehicle plays are also among those favored by investors and analysts should the rotation take root. The former is expected to benefit from capacity expansion as a global chip shortage persists, while EVs can enjoy robust sales on more competitive model roll-outs. Advanced manufacturing, military tech, artificial intelligence and innovative drugs are other themes seen to have potential.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":127404932,"gmtCreate":1624860457626,"gmtModify":1633947822740,"author":{"id":"3583735307988740","authorId":"3583735307988740","name":"Wenikho","avatar":"https://static.tigerbbs.com/48d673eefef20f75808048d78501a48f","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Okay&nbsp;","listText":"Okay&nbsp;","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/127404932","repostId":1110020598,"repostType":4,"repost":{"id":"1110020598","pubTimestamp":1624858441,"share":"https://www.laohu8.com/m/news/1110020598?lang=&edition=full","pubTime":"2021-06-28 13:34","market":"sh","language":"en","title":"China’s ‘Small Giants’ Lure Investors Hunting for Big Gains","url":"https://stock-news.laohu8.com/highlight/detail?id=1110020598","media":"Bloomberg","summary":"(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a sh","content":"<p>(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.</p>\n<p>While the mainland benchmark CSI 300 is slightly down over the past month, the tech-heavy ChiNext Index is up 6% and the Nasdaq-style Star Board 50 Index has gained 12%. An MSCI Inc. gauge of small-cap growth stocks in China has gained 2%, in stark contrast to its economically sensitive value share equivalent which is down 6.5%.</p>\n<p>With question marks over the strength of the Chinese economy, investors are turning toward secular growth stories in a hunt for exceptional earnings upside. For some that means the shares of smaller companies, which are expanding more rapidly than their more-established blue-chip peers.</p>\n<p>“Recent sideways moves can be interpreted as a shift in market preference to tech and innovation, and a bull run there on its initial legs,” wrote Industrial Securities analyst Zhang Yidong in a note. He suggested “small giants” on the Star board with a market cap of 10 billion-80 billion yuan ($1.5 billion-$12 billion) as the “core assets“ of tomorrow.</p>\n<p>Star Performer</p>\n<p>Nothing embodies growth like the two-year old Star board in Shanghai, which lowered revenue and profitability requirements to enlist companies with a competitive tech edge. Firms in the Star50 Index are expected to see 31% earnings growth this year, with profits seen expanding by 48% next year, according to data compiled by Bloomberg. The index rose as much as 2.9% Monday, trouncing the 0.6% loss in the SSE 50 gauge of blue chips.</p>\n<p>Still, that kind of growth comes at a price. The Star50 gauge is trading on 62 times forward earnings estimates and the Chinext is on 45 times, according to data compiled by Bloomberg. The MSCI Asia Pacific Information Technology Index is on just 18 times forward earnings.</p>\n<p>That doesn’t seem to put off Zheshang Securities Co. analysts including Wang Yang, who noted the board traded on 89 times earnings at its advent in a recent report and called it “the engine of the new bull market”.</p>\n<p>Blue Shift</p>\n<p>A preference for smaller growth shares would be a significant shift from crowded blue-chip bets such as liquor giant Kweichow Moutai Co., large caps that propelled China’s markets to a peak in February. Investors had piled in for their high earnings visibility, only to race for the exit as worries over liquidity triggered a selloff in the most expensive parts of the market and sent the benchmark into a correction in March.</p>\n<p>The trend mirrors a reassessment of growth shares on a global scale as investors ponder the future for cheaper cyclical stocks if faster-than-expected rate hikes weigh on a post-pandemic economic recovery. That was evident in the reaction to this month’s hawkish pivot from the Federal Reserve, which led to a rebound in growth stocks and weakness in reflation bets.</p>\n<p>Fed Pivot Seen as Bump, Not Dead End for Reflation Trade</p>\n<p>To foreign investors, Hong Kong’s giant internet stocks are perhaps the biggest play on China’s growth, but regulatory uncertainty keeps many at bay. BlackRock Inc. is among those ready to explore investments in smaller companies in the sector.</p>\n<p>“We position in small- and mid-cap names that are less exposed to the anti-trust risk and are relatively early in their user penetration and growth cycle,” said portfolio manager Lucy Liu in a press briefing on Wednesday. Examples include live broadcasting companies and the “new generation” of social networks.</p>\n<p>“We will probably stay a little bit away from the large dominant platforms for a little bit longer,” she added.</p>\n<p>Innovation Nation</p>\n<p>Semiconductors and electric vehicle plays are also among those favored by investors and analysts should the rotation take root. The former is expected to benefit from capacity expansion as a global chip shortage persists, while EVs can enjoy robust sales on more competitive model roll-outs. Advanced manufacturing, military tech, artificial intelligence and innovative drugs are other themes seen to have potential.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s ‘Small Giants’ Lure Investors Hunting for Big Gains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s ‘Small Giants’ Lure Investors Hunting for Big Gains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 13:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.\nWhile the mainland benchmark CSI 300 is slightly ...</p>\n\n<a href=\"https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","000016.SH":"上证50","000001.SH":"上证指数"},"source_url":"https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110020598","content_text":"(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.\nWhile the mainland benchmark CSI 300 is slightly down over the past month, the tech-heavy ChiNext Index is up 6% and the Nasdaq-style Star Board 50 Index has gained 12%. An MSCI Inc. gauge of small-cap growth stocks in China has gained 2%, in stark contrast to its economically sensitive value share equivalent which is down 6.5%.\nWith question marks over the strength of the Chinese economy, investors are turning toward secular growth stories in a hunt for exceptional earnings upside. For some that means the shares of smaller companies, which are expanding more rapidly than their more-established blue-chip peers.\n“Recent sideways moves can be interpreted as a shift in market preference to tech and innovation, and a bull run there on its initial legs,” wrote Industrial Securities analyst Zhang Yidong in a note. He suggested “small giants” on the Star board with a market cap of 10 billion-80 billion yuan ($1.5 billion-$12 billion) as the “core assets“ of tomorrow.\nStar Performer\nNothing embodies growth like the two-year old Star board in Shanghai, which lowered revenue and profitability requirements to enlist companies with a competitive tech edge. Firms in the Star50 Index are expected to see 31% earnings growth this year, with profits seen expanding by 48% next year, according to data compiled by Bloomberg. The index rose as much as 2.9% Monday, trouncing the 0.6% loss in the SSE 50 gauge of blue chips.\nStill, that kind of growth comes at a price. The Star50 gauge is trading on 62 times forward earnings estimates and the Chinext is on 45 times, according to data compiled by Bloomberg. The MSCI Asia Pacific Information Technology Index is on just 18 times forward earnings.\nThat doesn’t seem to put off Zheshang Securities Co. analysts including Wang Yang, who noted the board traded on 89 times earnings at its advent in a recent report and called it “the engine of the new bull market”.\nBlue Shift\nA preference for smaller growth shares would be a significant shift from crowded blue-chip bets such as liquor giant Kweichow Moutai Co., large caps that propelled China’s markets to a peak in February. Investors had piled in for their high earnings visibility, only to race for the exit as worries over liquidity triggered a selloff in the most expensive parts of the market and sent the benchmark into a correction in March.\nThe trend mirrors a reassessment of growth shares on a global scale as investors ponder the future for cheaper cyclical stocks if faster-than-expected rate hikes weigh on a post-pandemic economic recovery. That was evident in the reaction to this month’s hawkish pivot from the Federal Reserve, which led to a rebound in growth stocks and weakness in reflation bets.\nFed Pivot Seen as Bump, Not Dead End for Reflation Trade\nTo foreign investors, Hong Kong’s giant internet stocks are perhaps the biggest play on China’s growth, but regulatory uncertainty keeps many at bay. BlackRock Inc. is among those ready to explore investments in smaller companies in the sector.\n“We position in small- and mid-cap names that are less exposed to the anti-trust risk and are relatively early in their user penetration and growth cycle,” said portfolio manager Lucy Liu in a press briefing on Wednesday. Examples include live broadcasting companies and the “new generation” of social networks.\n“We will probably stay a little bit away from the large dominant platforms for a little bit longer,” she added.\nInnovation Nation\nSemiconductors and electric vehicle plays are also among those favored by investors and analysts should the rotation take root. The former is expected to benefit from capacity expansion as a global chip shortage persists, while EVs can enjoy robust sales on more competitive model roll-outs. Advanced manufacturing, military tech, artificial intelligence and innovative drugs are other themes seen to have potential.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5049419,"gmtCreate":1624861014152,"gmtModify":1635243351065,"authorId":3574683609691072,"author":{"id":3574683609691072,"authorId":3574683609691072,"name":"Kdf","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":127404932,"type":1,"supId":0,"prevId":0,"content":"Nicee","text":"Nicee","html":"Nicee"}],"langContent":"EN"},{"id":127579796,"gmtCreate":1624859348215,"gmtModify":1633947834802,"author":{"id":"3570779466873256","authorId":"3570779466873256","name":"YKYK14","avatar":"https://static.tigerbbs.com/08fe7b71ba5bb95c642646963d028000","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/127579796","repostId":1110020598,"repostType":4,"repost":{"id":"1110020598","pubTimestamp":1624858441,"share":"https://www.laohu8.com/m/news/1110020598?lang=&edition=full","pubTime":"2021-06-28 13:34","market":"sh","language":"en","title":"China’s ‘Small Giants’ Lure Investors Hunting for Big Gains","url":"https://stock-news.laohu8.com/highlight/detail?id=1110020598","media":"Bloomberg","summary":"(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a sh","content":"<p>(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.</p>\n<p>While the mainland benchmark CSI 300 is slightly down over the past month, the tech-heavy ChiNext Index is up 6% and the Nasdaq-style Star Board 50 Index has gained 12%. An MSCI Inc. gauge of small-cap growth stocks in China has gained 2%, in stark contrast to its economically sensitive value share equivalent which is down 6.5%.</p>\n<p>With question marks over the strength of the Chinese economy, investors are turning toward secular growth stories in a hunt for exceptional earnings upside. For some that means the shares of smaller companies, which are expanding more rapidly than their more-established blue-chip peers.</p>\n<p>“Recent sideways moves can be interpreted as a shift in market preference to tech and innovation, and a bull run there on its initial legs,” wrote Industrial Securities analyst Zhang Yidong in a note. He suggested “small giants” on the Star board with a market cap of 10 billion-80 billion yuan ($1.5 billion-$12 billion) as the “core assets“ of tomorrow.</p>\n<p>Star Performer</p>\n<p>Nothing embodies growth like the two-year old Star board in Shanghai, which lowered revenue and profitability requirements to enlist companies with a competitive tech edge. Firms in the Star50 Index are expected to see 31% earnings growth this year, with profits seen expanding by 48% next year, according to data compiled by Bloomberg. The index rose as much as 2.9% Monday, trouncing the 0.6% loss in the SSE 50 gauge of blue chips.</p>\n<p>Still, that kind of growth comes at a price. The Star50 gauge is trading on 62 times forward earnings estimates and the Chinext is on 45 times, according to data compiled by Bloomberg. The MSCI Asia Pacific Information Technology Index is on just 18 times forward earnings.</p>\n<p>That doesn’t seem to put off Zheshang Securities Co. analysts including Wang Yang, who noted the board traded on 89 times earnings at its advent in a recent report and called it “the engine of the new bull market”.</p>\n<p>Blue Shift</p>\n<p>A preference for smaller growth shares would be a significant shift from crowded blue-chip bets such as liquor giant Kweichow Moutai Co., large caps that propelled China’s markets to a peak in February. Investors had piled in for their high earnings visibility, only to race for the exit as worries over liquidity triggered a selloff in the most expensive parts of the market and sent the benchmark into a correction in March.</p>\n<p>The trend mirrors a reassessment of growth shares on a global scale as investors ponder the future for cheaper cyclical stocks if faster-than-expected rate hikes weigh on a post-pandemic economic recovery. That was evident in the reaction to this month’s hawkish pivot from the Federal Reserve, which led to a rebound in growth stocks and weakness in reflation bets.</p>\n<p>Fed Pivot Seen as Bump, Not Dead End for Reflation Trade</p>\n<p>To foreign investors, Hong Kong’s giant internet stocks are perhaps the biggest play on China’s growth, but regulatory uncertainty keeps many at bay. BlackRock Inc. is among those ready to explore investments in smaller companies in the sector.</p>\n<p>“We position in small- and mid-cap names that are less exposed to the anti-trust risk and are relatively early in their user penetration and growth cycle,” said portfolio manager Lucy Liu in a press briefing on Wednesday. Examples include live broadcasting companies and the “new generation” of social networks.</p>\n<p>“We will probably stay a little bit away from the large dominant platforms for a little bit longer,” she added.</p>\n<p>Innovation Nation</p>\n<p>Semiconductors and electric vehicle plays are also among those favored by investors and analysts should the rotation take root. The former is expected to benefit from capacity expansion as a global chip shortage persists, while EVs can enjoy robust sales on more competitive model roll-outs. Advanced manufacturing, military tech, artificial intelligence and innovative drugs are other themes seen to have potential.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s ‘Small Giants’ Lure Investors Hunting for Big Gains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s ‘Small Giants’ Lure Investors Hunting for Big Gains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 13:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.\nWhile the mainland benchmark CSI 300 is slightly ...</p>\n\n<a href=\"https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","000016.SH":"上证50","000001.SH":"上证指数"},"source_url":"https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110020598","content_text":"(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.\nWhile the mainland benchmark CSI 300 is slightly down over the past month, the tech-heavy ChiNext Index is up 6% and the Nasdaq-style Star Board 50 Index has gained 12%. An MSCI Inc. gauge of small-cap growth stocks in China has gained 2%, in stark contrast to its economically sensitive value share equivalent which is down 6.5%.\nWith question marks over the strength of the Chinese economy, investors are turning toward secular growth stories in a hunt for exceptional earnings upside. For some that means the shares of smaller companies, which are expanding more rapidly than their more-established blue-chip peers.\n“Recent sideways moves can be interpreted as a shift in market preference to tech and innovation, and a bull run there on its initial legs,” wrote Industrial Securities analyst Zhang Yidong in a note. He suggested “small giants” on the Star board with a market cap of 10 billion-80 billion yuan ($1.5 billion-$12 billion) as the “core assets“ of tomorrow.\nStar Performer\nNothing embodies growth like the two-year old Star board in Shanghai, which lowered revenue and profitability requirements to enlist companies with a competitive tech edge. Firms in the Star50 Index are expected to see 31% earnings growth this year, with profits seen expanding by 48% next year, according to data compiled by Bloomberg. The index rose as much as 2.9% Monday, trouncing the 0.6% loss in the SSE 50 gauge of blue chips.\nStill, that kind of growth comes at a price. The Star50 gauge is trading on 62 times forward earnings estimates and the Chinext is on 45 times, according to data compiled by Bloomberg. The MSCI Asia Pacific Information Technology Index is on just 18 times forward earnings.\nThat doesn’t seem to put off Zheshang Securities Co. analysts including Wang Yang, who noted the board traded on 89 times earnings at its advent in a recent report and called it “the engine of the new bull market”.\nBlue Shift\nA preference for smaller growth shares would be a significant shift from crowded blue-chip bets such as liquor giant Kweichow Moutai Co., large caps that propelled China’s markets to a peak in February. Investors had piled in for their high earnings visibility, only to race for the exit as worries over liquidity triggered a selloff in the most expensive parts of the market and sent the benchmark into a correction in March.\nThe trend mirrors a reassessment of growth shares on a global scale as investors ponder the future for cheaper cyclical stocks if faster-than-expected rate hikes weigh on a post-pandemic economic recovery. That was evident in the reaction to this month’s hawkish pivot from the Federal Reserve, which led to a rebound in growth stocks and weakness in reflation bets.\nFed Pivot Seen as Bump, Not Dead End for Reflation Trade\nTo foreign investors, Hong Kong’s giant internet stocks are perhaps the biggest play on China’s growth, but regulatory uncertainty keeps many at bay. BlackRock Inc. is among those ready to explore investments in smaller companies in the sector.\n“We position in small- and mid-cap names that are less exposed to the anti-trust risk and are relatively early in their user penetration and growth cycle,” said portfolio manager Lucy Liu in a press briefing on Wednesday. Examples include live broadcasting companies and the “new generation” of social networks.\n“We will probably stay a little bit away from the large dominant platforms for a little bit longer,” she added.\nInnovation Nation\nSemiconductors and electric vehicle plays are also among those favored by investors and analysts should the rotation take root. The former is expected to benefit from capacity expansion as a global chip shortage persists, while EVs can enjoy robust sales on more competitive model roll-outs. Advanced manufacturing, military tech, artificial intelligence and innovative drugs are other themes seen to have potential.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5049333,"gmtCreate":1624860469669,"gmtModify":1635243359420,"authorId":3583735307988740,"author":{"id":3583735307988740,"authorId":3583735307988740,"name":"Wenikho","avatar":"https://static.tigerbbs.com/48d673eefef20f75808048d78501a48f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":127579796,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"},{"id":5050528,"gmtCreate":1624868289676,"gmtModify":1635243250868,"authorId":3570763248054990,"author":{"id":3570763248054990,"authorId":3570763248054990,"name":"VenusOng","avatar":"https://static.tigerbbs.com/6b227c3f515f3e842abeff00dcbbff71","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":127579796,"type":1,"supId":0,"prevId":0,"content":"[Smile]","text":"[Smile]","html":"[Smile]"},{"id":5074263,"gmtCreate":1625011087832,"gmtModify":1635241151499,"authorId":3570779466873256,"author":{"id":3570779466873256,"authorId":3570779466873256,"name":"YKYK14","avatar":"https://static.tigerbbs.com/08fe7b71ba5bb95c642646963d028000","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":127579796,"type":1,"supId":5050528,"prevId":0,"content":"[心碎]","text":"[心碎]","html":"[心碎]"},{"id":5087995,"gmtCreate":1625108694844,"gmtModify":1635240025123,"authorId":3570779466873256,"author":{"id":3570779466873256,"authorId":3570779466873256,"name":"YKYK14","avatar":"https://static.tigerbbs.com/08fe7b71ba5bb95c642646963d028000","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":127579796,"type":1,"supId":5050528,"prevId":0,"content":"hello","text":"hello","html":"hello"}],"langContent":"CN"},{"id":127546784,"gmtCreate":1624858997248,"gmtModify":1631884323014,"author":{"id":"3586663317772086","authorId":"3586663317772086","name":"YauKC","avatar":"https://static.tigerbbs.com/6e409e854f00192ccff3abc51f651714","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Hope every trader and investor&nbsp;make money and be happy!","listText":"Hope every trader and investor&nbsp;make money and be happy!","text":"Hope every trader and investor make money and be happy!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/127546784","repostId":1110020598,"repostType":4,"repost":{"id":"1110020598","pubTimestamp":1624858441,"share":"https://www.laohu8.com/m/news/1110020598?lang=&edition=full","pubTime":"2021-06-28 13:34","market":"sh","language":"en","title":"China’s ‘Small Giants’ Lure Investors Hunting for Big Gains","url":"https://stock-news.laohu8.com/highlight/detail?id=1110020598","media":"Bloomberg","summary":"(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a sh","content":"<p>(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.</p>\n<p>While the mainland benchmark CSI 300 is slightly down over the past month, the tech-heavy ChiNext Index is up 6% and the Nasdaq-style Star Board 50 Index has gained 12%. An MSCI Inc. gauge of small-cap growth stocks in China has gained 2%, in stark contrast to its economically sensitive value share equivalent which is down 6.5%.</p>\n<p>With question marks over the strength of the Chinese economy, investors are turning toward secular growth stories in a hunt for exceptional earnings upside. For some that means the shares of smaller companies, which are expanding more rapidly than their more-established blue-chip peers.</p>\n<p>“Recent sideways moves can be interpreted as a shift in market preference to tech and innovation, and a bull run there on its initial legs,” wrote Industrial Securities analyst Zhang Yidong in a note. He suggested “small giants” on the Star board with a market cap of 10 billion-80 billion yuan ($1.5 billion-$12 billion) as the “core assets“ of tomorrow.</p>\n<p>Star Performer</p>\n<p>Nothing embodies growth like the two-year old Star board in Shanghai, which lowered revenue and profitability requirements to enlist companies with a competitive tech edge. Firms in the Star50 Index are expected to see 31% earnings growth this year, with profits seen expanding by 48% next year, according to data compiled by Bloomberg. The index rose as much as 2.9% Monday, trouncing the 0.6% loss in the SSE 50 gauge of blue chips.</p>\n<p>Still, that kind of growth comes at a price. The Star50 gauge is trading on 62 times forward earnings estimates and the Chinext is on 45 times, according to data compiled by Bloomberg. The MSCI Asia Pacific Information Technology Index is on just 18 times forward earnings.</p>\n<p>That doesn’t seem to put off Zheshang Securities Co. analysts including Wang Yang, who noted the board traded on 89 times earnings at its advent in a recent report and called it “the engine of the new bull market”.</p>\n<p>Blue Shift</p>\n<p>A preference for smaller growth shares would be a significant shift from crowded blue-chip bets such as liquor giant Kweichow Moutai Co., large caps that propelled China’s markets to a peak in February. Investors had piled in for their high earnings visibility, only to race for the exit as worries over liquidity triggered a selloff in the most expensive parts of the market and sent the benchmark into a correction in March.</p>\n<p>The trend mirrors a reassessment of growth shares on a global scale as investors ponder the future for cheaper cyclical stocks if faster-than-expected rate hikes weigh on a post-pandemic economic recovery. That was evident in the reaction to this month’s hawkish pivot from the Federal Reserve, which led to a rebound in growth stocks and weakness in reflation bets.</p>\n<p>Fed Pivot Seen as Bump, Not Dead End for Reflation Trade</p>\n<p>To foreign investors, Hong Kong’s giant internet stocks are perhaps the biggest play on China’s growth, but regulatory uncertainty keeps many at bay. BlackRock Inc. is among those ready to explore investments in smaller companies in the sector.</p>\n<p>“We position in small- and mid-cap names that are less exposed to the anti-trust risk and are relatively early in their user penetration and growth cycle,” said portfolio manager Lucy Liu in a press briefing on Wednesday. Examples include live broadcasting companies and the “new generation” of social networks.</p>\n<p>“We will probably stay a little bit away from the large dominant platforms for a little bit longer,” she added.</p>\n<p>Innovation Nation</p>\n<p>Semiconductors and electric vehicle plays are also among those favored by investors and analysts should the rotation take root. The former is expected to benefit from capacity expansion as a global chip shortage persists, while EVs can enjoy robust sales on more competitive model roll-outs. Advanced manufacturing, military tech, artificial intelligence and innovative drugs are other themes seen to have potential.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s ‘Small Giants’ Lure Investors Hunting for Big Gains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s ‘Small Giants’ Lure Investors Hunting for Big Gains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 13:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.\nWhile the mainland benchmark CSI 300 is slightly ...</p>\n\n<a href=\"https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","000016.SH":"上证50","000001.SH":"上证指数"},"source_url":"https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110020598","content_text":"(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.\nWhile the mainland benchmark CSI 300 is slightly down over the past month, the tech-heavy ChiNext Index is up 6% and the Nasdaq-style Star Board 50 Index has gained 12%. An MSCI Inc. gauge of small-cap growth stocks in China has gained 2%, in stark contrast to its economically sensitive value share equivalent which is down 6.5%.\nWith question marks over the strength of the Chinese economy, investors are turning toward secular growth stories in a hunt for exceptional earnings upside. For some that means the shares of smaller companies, which are expanding more rapidly than their more-established blue-chip peers.\n“Recent sideways moves can be interpreted as a shift in market preference to tech and innovation, and a bull run there on its initial legs,” wrote Industrial Securities analyst Zhang Yidong in a note. He suggested “small giants” on the Star board with a market cap of 10 billion-80 billion yuan ($1.5 billion-$12 billion) as the “core assets“ of tomorrow.\nStar Performer\nNothing embodies growth like the two-year old Star board in Shanghai, which lowered revenue and profitability requirements to enlist companies with a competitive tech edge. Firms in the Star50 Index are expected to see 31% earnings growth this year, with profits seen expanding by 48% next year, according to data compiled by Bloomberg. The index rose as much as 2.9% Monday, trouncing the 0.6% loss in the SSE 50 gauge of blue chips.\nStill, that kind of growth comes at a price. The Star50 gauge is trading on 62 times forward earnings estimates and the Chinext is on 45 times, according to data compiled by Bloomberg. The MSCI Asia Pacific Information Technology Index is on just 18 times forward earnings.\nThat doesn’t seem to put off Zheshang Securities Co. analysts including Wang Yang, who noted the board traded on 89 times earnings at its advent in a recent report and called it “the engine of the new bull market”.\nBlue Shift\nA preference for smaller growth shares would be a significant shift from crowded blue-chip bets such as liquor giant Kweichow Moutai Co., large caps that propelled China’s markets to a peak in February. Investors had piled in for their high earnings visibility, only to race for the exit as worries over liquidity triggered a selloff in the most expensive parts of the market and sent the benchmark into a correction in March.\nThe trend mirrors a reassessment of growth shares on a global scale as investors ponder the future for cheaper cyclical stocks if faster-than-expected rate hikes weigh on a post-pandemic economic recovery. That was evident in the reaction to this month’s hawkish pivot from the Federal Reserve, which led to a rebound in growth stocks and weakness in reflation bets.\nFed Pivot Seen as Bump, Not Dead End for Reflation Trade\nTo foreign investors, Hong Kong’s giant internet stocks are perhaps the biggest play on China’s growth, but regulatory uncertainty keeps many at bay. BlackRock Inc. is among those ready to explore investments in smaller companies in the sector.\n“We position in small- and mid-cap names that are less exposed to the anti-trust risk and are relatively early in their user penetration and growth cycle,” said portfolio manager Lucy Liu in a press briefing on Wednesday. Examples include live broadcasting companies and the “new generation” of social networks.\n“We will probably stay a little bit away from the large dominant platforms for a little bit longer,” she added.\nInnovation Nation\nSemiconductors and electric vehicle plays are also among those favored by investors and analysts should the rotation take root. The former is expected to benefit from capacity expansion as a global chip shortage persists, while EVs can enjoy robust sales on more competitive model roll-outs. Advanced manufacturing, military tech, artificial intelligence and innovative drugs are other themes seen to have potential.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5049198,"gmtCreate":1624859622601,"gmtModify":1635243372880,"authorId":3559098973692807,"author":{"id":3559098973692807,"authorId":3559098973692807,"name":"Chinleong","avatar":"https://static.tigerbbs.com/6dbcd389c42e41aa06c692b423858c4c","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":127546784,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"},{"id":5049752,"gmtCreate":1624863529599,"gmtModify":1635243321688,"authorId":3581980965309451,"author":{"id":3581980965309451,"authorId":3581980965309451,"name":"Eded","avatar":"https://static.tigerbbs.com/41a629a3014601072ee8dc2d151d1796","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":127546784,"type":1,"supId":0,"prevId":0,"content":"Thanks . Happy trading ","text":"Thanks . Happy trading ","html":"Thanks . Happy trading "}],"langContent":"EN"},{"id":127541525,"gmtCreate":1624858865067,"gmtModify":1631891888648,"author":{"id":"3581652459175040","authorId":"3581652459175040","name":"YW999","avatar":"https://static.tigerbbs.com/f1eb337ac20ab8686177a2785aeb50f4","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Good read","listText":"Good read","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/127541525","repostId":1110020598,"repostType":4,"repost":{"id":"1110020598","pubTimestamp":1624858441,"share":"https://www.laohu8.com/m/news/1110020598?lang=&edition=full","pubTime":"2021-06-28 13:34","market":"sh","language":"en","title":"China’s ‘Small Giants’ Lure Investors Hunting for Big Gains","url":"https://stock-news.laohu8.com/highlight/detail?id=1110020598","media":"Bloomberg","summary":"(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a sh","content":"<p>(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.</p>\n<p>While the mainland benchmark CSI 300 is slightly down over the past month, the tech-heavy ChiNext Index is up 6% and the Nasdaq-style Star Board 50 Index has gained 12%. An MSCI Inc. gauge of small-cap growth stocks in China has gained 2%, in stark contrast to its economically sensitive value share equivalent which is down 6.5%.</p>\n<p>With question marks over the strength of the Chinese economy, investors are turning toward secular growth stories in a hunt for exceptional earnings upside. For some that means the shares of smaller companies, which are expanding more rapidly than their more-established blue-chip peers.</p>\n<p>“Recent sideways moves can be interpreted as a shift in market preference to tech and innovation, and a bull run there on its initial legs,” wrote Industrial Securities analyst Zhang Yidong in a note. He suggested “small giants” on the Star board with a market cap of 10 billion-80 billion yuan ($1.5 billion-$12 billion) as the “core assets“ of tomorrow.</p>\n<p>Star Performer</p>\n<p>Nothing embodies growth like the two-year old Star board in Shanghai, which lowered revenue and profitability requirements to enlist companies with a competitive tech edge. Firms in the Star50 Index are expected to see 31% earnings growth this year, with profits seen expanding by 48% next year, according to data compiled by Bloomberg. The index rose as much as 2.9% Monday, trouncing the 0.6% loss in the SSE 50 gauge of blue chips.</p>\n<p>Still, that kind of growth comes at a price. The Star50 gauge is trading on 62 times forward earnings estimates and the Chinext is on 45 times, according to data compiled by Bloomberg. The MSCI Asia Pacific Information Technology Index is on just 18 times forward earnings.</p>\n<p>That doesn’t seem to put off Zheshang Securities Co. analysts including Wang Yang, who noted the board traded on 89 times earnings at its advent in a recent report and called it “the engine of the new bull market”.</p>\n<p>Blue Shift</p>\n<p>A preference for smaller growth shares would be a significant shift from crowded blue-chip bets such as liquor giant Kweichow Moutai Co., large caps that propelled China’s markets to a peak in February. Investors had piled in for their high earnings visibility, only to race for the exit as worries over liquidity triggered a selloff in the most expensive parts of the market and sent the benchmark into a correction in March.</p>\n<p>The trend mirrors a reassessment of growth shares on a global scale as investors ponder the future for cheaper cyclical stocks if faster-than-expected rate hikes weigh on a post-pandemic economic recovery. That was evident in the reaction to this month’s hawkish pivot from the Federal Reserve, which led to a rebound in growth stocks and weakness in reflation bets.</p>\n<p>Fed Pivot Seen as Bump, Not Dead End for Reflation Trade</p>\n<p>To foreign investors, Hong Kong’s giant internet stocks are perhaps the biggest play on China’s growth, but regulatory uncertainty keeps many at bay. BlackRock Inc. is among those ready to explore investments in smaller companies in the sector.</p>\n<p>“We position in small- and mid-cap names that are less exposed to the anti-trust risk and are relatively early in their user penetration and growth cycle,” said portfolio manager Lucy Liu in a press briefing on Wednesday. Examples include live broadcasting companies and the “new generation” of social networks.</p>\n<p>“We will probably stay a little bit away from the large dominant platforms for a little bit longer,” she added.</p>\n<p>Innovation Nation</p>\n<p>Semiconductors and electric vehicle plays are also among those favored by investors and analysts should the rotation take root. The former is expected to benefit from capacity expansion as a global chip shortage persists, while EVs can enjoy robust sales on more competitive model roll-outs. Advanced manufacturing, military tech, artificial intelligence and innovative drugs are other themes seen to have potential.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s ‘Small Giants’ Lure Investors Hunting for Big Gains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s ‘Small Giants’ Lure Investors Hunting for Big Gains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 13:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.\nWhile the mainland benchmark CSI 300 is slightly ...</p>\n\n<a href=\"https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","000016.SH":"上证50","000001.SH":"上证指数"},"source_url":"https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110020598","content_text":"(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.\nWhile the mainland benchmark CSI 300 is slightly down over the past month, the tech-heavy ChiNext Index is up 6% and the Nasdaq-style Star Board 50 Index has gained 12%. An MSCI Inc. gauge of small-cap growth stocks in China has gained 2%, in stark contrast to its economically sensitive value share equivalent which is down 6.5%.\nWith question marks over the strength of the Chinese economy, investors are turning toward secular growth stories in a hunt for exceptional earnings upside. For some that means the shares of smaller companies, which are expanding more rapidly than their more-established blue-chip peers.\n“Recent sideways moves can be interpreted as a shift in market preference to tech and innovation, and a bull run there on its initial legs,” wrote Industrial Securities analyst Zhang Yidong in a note. He suggested “small giants” on the Star board with a market cap of 10 billion-80 billion yuan ($1.5 billion-$12 billion) as the “core assets“ of tomorrow.\nStar Performer\nNothing embodies growth like the two-year old Star board in Shanghai, which lowered revenue and profitability requirements to enlist companies with a competitive tech edge. Firms in the Star50 Index are expected to see 31% earnings growth this year, with profits seen expanding by 48% next year, according to data compiled by Bloomberg. The index rose as much as 2.9% Monday, trouncing the 0.6% loss in the SSE 50 gauge of blue chips.\nStill, that kind of growth comes at a price. The Star50 gauge is trading on 62 times forward earnings estimates and the Chinext is on 45 times, according to data compiled by Bloomberg. The MSCI Asia Pacific Information Technology Index is on just 18 times forward earnings.\nThat doesn’t seem to put off Zheshang Securities Co. analysts including Wang Yang, who noted the board traded on 89 times earnings at its advent in a recent report and called it “the engine of the new bull market”.\nBlue Shift\nA preference for smaller growth shares would be a significant shift from crowded blue-chip bets such as liquor giant Kweichow Moutai Co., large caps that propelled China’s markets to a peak in February. Investors had piled in for their high earnings visibility, only to race for the exit as worries over liquidity triggered a selloff in the most expensive parts of the market and sent the benchmark into a correction in March.\nThe trend mirrors a reassessment of growth shares on a global scale as investors ponder the future for cheaper cyclical stocks if faster-than-expected rate hikes weigh on a post-pandemic economic recovery. That was evident in the reaction to this month’s hawkish pivot from the Federal Reserve, which led to a rebound in growth stocks and weakness in reflation bets.\nFed Pivot Seen as Bump, Not Dead End for Reflation Trade\nTo foreign investors, Hong Kong’s giant internet stocks are perhaps the biggest play on China’s growth, but regulatory uncertainty keeps many at bay. BlackRock Inc. is among those ready to explore investments in smaller companies in the sector.\n“We position in small- and mid-cap names that are less exposed to the anti-trust risk and are relatively early in their user penetration and growth cycle,” said portfolio manager Lucy Liu in a press briefing on Wednesday. Examples include live broadcasting companies and the “new generation” of social networks.\n“We will probably stay a little bit away from the large dominant platforms for a little bit longer,” she added.\nInnovation Nation\nSemiconductors and electric vehicle plays are also among those favored by investors and analysts should the rotation take root. The former is expected to benefit from capacity expansion as a global chip shortage persists, while EVs can enjoy robust sales on more competitive model roll-outs. Advanced manufacturing, military tech, artificial intelligence and innovative drugs are other themes seen to have potential.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5049080,"gmtCreate":1624858886687,"gmtModify":1631891888648,"authorId":3574053691106982,"author":{"id":3574053691106982,"authorId":3574053691106982,"name":"jw321","avatar":"https://static.tigerbbs.com/1263b51c7856e75fbd5cf4072078ca6e","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":127541525,"type":1,"supId":0,"prevId":0,"content":"yup","text":"yup","html":"yup"}],"langContent":"EN"},{"id":127540130,"gmtCreate":1624858659120,"gmtModify":1631884310718,"author":{"id":"3583568085402852","authorId":"3583568085402852","name":"IsaacYap90","avatar":"https://static.tigerbbs.com/40f66d0266826bb209ee22688d7bbde5","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.","listText":"(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.","text":"(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/127540130","repostId":1110020598,"repostType":4,"repost":{"id":"1110020598","pubTimestamp":1624858441,"share":"https://www.laohu8.com/m/news/1110020598?lang=&edition=full","pubTime":"2021-06-28 13:34","market":"sh","language":"en","title":"China’s ‘Small Giants’ Lure Investors Hunting for Big Gains","url":"https://stock-news.laohu8.com/highlight/detail?id=1110020598","media":"Bloomberg","summary":"(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a sh","content":"<p>(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.</p>\n<p>While the mainland benchmark CSI 300 is slightly down over the past month, the tech-heavy ChiNext Index is up 6% and the Nasdaq-style Star Board 50 Index has gained 12%. An MSCI Inc. gauge of small-cap growth stocks in China has gained 2%, in stark contrast to its economically sensitive value share equivalent which is down 6.5%.</p>\n<p>With question marks over the strength of the Chinese economy, investors are turning toward secular growth stories in a hunt for exceptional earnings upside. For some that means the shares of smaller companies, which are expanding more rapidly than their more-established blue-chip peers.</p>\n<p>“Recent sideways moves can be interpreted as a shift in market preference to tech and innovation, and a bull run there on its initial legs,” wrote Industrial Securities analyst Zhang Yidong in a note. He suggested “small giants” on the Star board with a market cap of 10 billion-80 billion yuan ($1.5 billion-$12 billion) as the “core assets“ of tomorrow.</p>\n<p>Star Performer</p>\n<p>Nothing embodies growth like the two-year old Star board in Shanghai, which lowered revenue and profitability requirements to enlist companies with a competitive tech edge. Firms in the Star50 Index are expected to see 31% earnings growth this year, with profits seen expanding by 48% next year, according to data compiled by Bloomberg. The index rose as much as 2.9% Monday, trouncing the 0.6% loss in the SSE 50 gauge of blue chips.</p>\n<p>Still, that kind of growth comes at a price. The Star50 gauge is trading on 62 times forward earnings estimates and the Chinext is on 45 times, according to data compiled by Bloomberg. The MSCI Asia Pacific Information Technology Index is on just 18 times forward earnings.</p>\n<p>That doesn’t seem to put off Zheshang Securities Co. analysts including Wang Yang, who noted the board traded on 89 times earnings at its advent in a recent report and called it “the engine of the new bull market”.</p>\n<p>Blue Shift</p>\n<p>A preference for smaller growth shares would be a significant shift from crowded blue-chip bets such as liquor giant Kweichow Moutai Co., large caps that propelled China’s markets to a peak in February. Investors had piled in for their high earnings visibility, only to race for the exit as worries over liquidity triggered a selloff in the most expensive parts of the market and sent the benchmark into a correction in March.</p>\n<p>The trend mirrors a reassessment of growth shares on a global scale as investors ponder the future for cheaper cyclical stocks if faster-than-expected rate hikes weigh on a post-pandemic economic recovery. That was evident in the reaction to this month’s hawkish pivot from the Federal Reserve, which led to a rebound in growth stocks and weakness in reflation bets.</p>\n<p>Fed Pivot Seen as Bump, Not Dead End for Reflation Trade</p>\n<p>To foreign investors, Hong Kong’s giant internet stocks are perhaps the biggest play on China’s growth, but regulatory uncertainty keeps many at bay. BlackRock Inc. is among those ready to explore investments in smaller companies in the sector.</p>\n<p>“We position in small- and mid-cap names that are less exposed to the anti-trust risk and are relatively early in their user penetration and growth cycle,” said portfolio manager Lucy Liu in a press briefing on Wednesday. Examples include live broadcasting companies and the “new generation” of social networks.</p>\n<p>“We will probably stay a little bit away from the large dominant platforms for a little bit longer,” she added.</p>\n<p>Innovation Nation</p>\n<p>Semiconductors and electric vehicle plays are also among those favored by investors and analysts should the rotation take root. The former is expected to benefit from capacity expansion as a global chip shortage persists, while EVs can enjoy robust sales on more competitive model roll-outs. Advanced manufacturing, military tech, artificial intelligence and innovative drugs are other themes seen to have potential.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s ‘Small Giants’ Lure Investors Hunting for Big Gains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s ‘Small Giants’ Lure Investors Hunting for Big Gains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 13:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.\nWhile the mainland benchmark CSI 300 is slightly ...</p>\n\n<a href=\"https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","000016.SH":"上证50","000001.SH":"上证指数"},"source_url":"https://finance.yahoo.com/news/china-small-giants-lure-investors-210000479.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110020598","content_text":"(Bloomberg) -- Investors in China are betting on small-cap growth shares to reignite returns as a shift away from blue-chips starts gaining traction.\nWhile the mainland benchmark CSI 300 is slightly down over the past month, the tech-heavy ChiNext Index is up 6% and the Nasdaq-style Star Board 50 Index has gained 12%. An MSCI Inc. gauge of small-cap growth stocks in China has gained 2%, in stark contrast to its economically sensitive value share equivalent which is down 6.5%.\nWith question marks over the strength of the Chinese economy, investors are turning toward secular growth stories in a hunt for exceptional earnings upside. For some that means the shares of smaller companies, which are expanding more rapidly than their more-established blue-chip peers.\n“Recent sideways moves can be interpreted as a shift in market preference to tech and innovation, and a bull run there on its initial legs,” wrote Industrial Securities analyst Zhang Yidong in a note. He suggested “small giants” on the Star board with a market cap of 10 billion-80 billion yuan ($1.5 billion-$12 billion) as the “core assets“ of tomorrow.\nStar Performer\nNothing embodies growth like the two-year old Star board in Shanghai, which lowered revenue and profitability requirements to enlist companies with a competitive tech edge. Firms in the Star50 Index are expected to see 31% earnings growth this year, with profits seen expanding by 48% next year, according to data compiled by Bloomberg. The index rose as much as 2.9% Monday, trouncing the 0.6% loss in the SSE 50 gauge of blue chips.\nStill, that kind of growth comes at a price. The Star50 gauge is trading on 62 times forward earnings estimates and the Chinext is on 45 times, according to data compiled by Bloomberg. The MSCI Asia Pacific Information Technology Index is on just 18 times forward earnings.\nThat doesn’t seem to put off Zheshang Securities Co. analysts including Wang Yang, who noted the board traded on 89 times earnings at its advent in a recent report and called it “the engine of the new bull market”.\nBlue Shift\nA preference for smaller growth shares would be a significant shift from crowded blue-chip bets such as liquor giant Kweichow Moutai Co., large caps that propelled China’s markets to a peak in February. Investors had piled in for their high earnings visibility, only to race for the exit as worries over liquidity triggered a selloff in the most expensive parts of the market and sent the benchmark into a correction in March.\nThe trend mirrors a reassessment of growth shares on a global scale as investors ponder the future for cheaper cyclical stocks if faster-than-expected rate hikes weigh on a post-pandemic economic recovery. That was evident in the reaction to this month’s hawkish pivot from the Federal Reserve, which led to a rebound in growth stocks and weakness in reflation bets.\nFed Pivot Seen as Bump, Not Dead End for Reflation Trade\nTo foreign investors, Hong Kong’s giant internet stocks are perhaps the biggest play on China’s growth, but regulatory uncertainty keeps many at bay. BlackRock Inc. is among those ready to explore investments in smaller companies in the sector.\n“We position in small- and mid-cap names that are less exposed to the anti-trust risk and are relatively early in their user penetration and growth cycle,” said portfolio manager Lucy Liu in a press briefing on Wednesday. Examples include live broadcasting companies and the “new generation” of social networks.\n“We will probably stay a little bit away from the large dominant platforms for a little bit longer,” she added.\nInnovation Nation\nSemiconductors and electric vehicle plays are also among those favored by investors and analysts should the rotation take root. The former is expected to benefit from capacity expansion as a global chip shortage persists, while EVs can enjoy robust sales on more competitive model roll-outs. Advanced manufacturing, military tech, artificial intelligence and innovative drugs are other themes seen to have potential.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":79,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}