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<Research>UOB Kay Hian Adds COWELL, NTES-S to Buy List, Recommends Buying on Pullbacks
Recommend
51
Positive
60
Negative
31
UOB Kay Hian said China’s equity market pulled back in May in lack of new catalysts, with the HSI and MSCI China Index sinking 2.3% and 3.4% MoM, respectively. The broker expected US equities to enter a consolidation phase after a spike since end-March, while China’s market may move lower in tandem with the US in June. The broker viewed this as a good opportunity to accumulate stocks with stronger revenue growth in 2H26.

The broker added COWELL (01415.HK), CHINA RES MIXC (01209.HK), NTES-S (09999.HK) and WUXI APPTEC (02359.HK) to its Buy list, and added LI AUTO-W (02015.HK) to its Sell list.

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Shares | Investment Ratings | TPs (HKD)

BABA-W (09988.HK) | Buy | HKD188
COWELL (01415.HK) | Buy | HKD48
CHINA RES MIXC (01209.HK) | Buy | HKD55
BEONE MEDICINES (06160.HK) | Buy | HKD257
LI AUTO-W (02015.HK) | Sell | HKD40
MINTH GROUP (00425.HK) | Buy | HKD56
NTES-S (09999.HK) | Buy | HKD252
TRIP.COM-S (09961.HK) | Buy | HKD624
WUXI APPTEC (02359.HK) | Buy | HKD170
ZIJIN MINING (02899.HK) | Buy | HKD50.6

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