Analysts at Bank of America named Asian stocks with high buybacks, which they said are an opportunity for investors.
"Data since Jan-90 shows Asia stocks with High Share Buybacks tend to outperform," the analysts wrote in an August 31 research note.
"The proportion of Asia stocks buying back shares is at a 20-year high, suggesting increased opportunity for investors," said the analysts led by Nigel Tupper.
Other Chinese stocks on BofA's list include semiconductor supplier Daqo New Energy and utilities firm Huaneng Power .
Australian stocks on BofA's list included banks Westpac and National Australia Bank .
Persons:
Nigel Tupper, BofA, CJ Cheil
Organizations:
Bank of America, Companies, Smart, New Energy, Huaneng, Catcher Tech, Westpac, National Australia Bank, Woolworths, Keppel Corp, HK Land, Swire Pacific
Locations:
Asia, China, Huaneng Power, South Korea, Australia, Taiwan, Hong Kong, U.S