"MS' Economics team believes that the announced fiscal package is insufficient to boost the economy as fiscal package remains supply-centric," Wang said.
"Policy support for developing advanced production capacity will lead to increased capex in associated value chains like the industrials and IT sectors," the HSBC analysts said.
All four stocks are listed in Shenzhen: Inovance — as a seller of factory automation components, Inovance should "benefit from the recovery of the discrete automation market in 2024," the HSBC analysts said.
The HSBC analysts expect Innolight to increase its sales of its most advanced product, and introduce an even better product in the fourth quarter.
Sanqi Entertainment — HSBC analysts expect this gaming stock can nearly double to 36 yuan a share.
Persons:
Steven Sun, Wu Qing, Morgan Stanley, Laura Wang, Wang, Xi Jinping, Michael Bloom
Organizations:
Beijing, Authorities, HSBC, Finance, Information, Inovance, Naura Tech, Sanqi Entertainment — HSBC
Locations:
China, HSBC China, Shanghai, Beijing, Chongqing —, Shenzhen