Citi Private Bank Picks Hong Kong Stocks as Asia Outperformers
- ‘The recovery can happen very quickly,’ strategist says
- Retail shares have significant opportunity to rally, Peng says
Stock figures outside the Exchange Square complex, which houses the Hong Kong Stock Exchange.
Photographer: Justin Chin/BloombergThis article is for subscribers only.
Hong Kong will outperform among Asian stock markets this year as the months-long anti-government protests may subside and the city’s financial system remains resilient, according to Citi Private Bank.
“Hong Kong’s physical and financial infrastructure were not terribly disrupted. The recovery can happen very quickly,” said Ken Peng, Asia Pacific investment strategist at Citi Private Bank. “Not just in the manufacturing sector, but also trade processing as well as tourism and retail.”