Analysts at the bank say 'Chinese equities remain most preferred within our Asia strategy' and share how to play a volatile Chinese market in the short term.
Analysts at UBS have detailed how to play a volatile Chinese market in the short term. "Under our expectation for further policy support that will be both effective and rolled out promptly, Chinese equities remain most preferred within our Asia strategy," the bank's analysts said in an Aug. 25 note to investors.
Consumer stocks In consumer stocks, UBS likes Topsports International , which is Adidas ' largest retail partner globally, the bank said. "As lockdowns were lifted, demand has rebounded well, and we expect sales in 2H to rebound to robust levels," UBS stated. Shenzhou International , a clothing manufacturer for the likes of Nike and Uniqlo, is recommended by UBS for its likely market share gains.
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