Morgan Stanley-China Equity Strategy Focus List Changes – ChinaHK, China ...-107609712

MApril15,202409:00PMGMTIdeaChinaEquityStrategyAsiaPacificMorganStanleyAsiaLimited++8522848-6853+656834-8172FocusListChanges–China/HK,LauraWang+656834-6597ChinaA-shareThematic,APxJ,andGEMEquityStrategist+8523963-4186Laura.Wang@morganstanley.com+8522239-1468WeaddPetroChina(0857.HK),Trip.com(TCOM.O),andPopMart(9992.HK)toourChina/HKFocusListandaddHuaxinMorganStanleyAsia(Singapore)Pte.++656834-6949Cement(600801.SS)andHongfaTechnologyCoLtd(600885.SS)toourA-shareThematicList,replacingNetEase,JonathanFGarnerChinaOilfieldServicesLtd.,andKweichowMoutai.EquityStrategistWemakeanumberofchangestoourChina/HongKongFocusListaswellasourA-Jonathan.Garner@morganstanley.comshareThematicStocklist.ChinesecompaniesgoingglobalisamajorthemebehindtheadditionsofTrip.com,PopMart,HuaxinCement,andtoalesserdegreeHongfa.DanielKBlakeTrip.com,PopMart,andHuaxinareallinourMorganStanleyChinaGoingGlobal20-stocklist–seeChina's3DJourney:GoingGlobal:SecuringGrowthintheNewEquityStrategistEra(14Apr2024)andChina's3DJourney:GoingGlobal:20StockstoOwn&Daniel.Blake@morganstanley.comIndustryOutlooks(14Apr2024).MorganStanleyAsiaLimited+China/HKFocusListchangesCatherineChenAddingPetroChina(0857.HK):PetroChinaisoneofthebestyieldplaysintheHKmarket,withstrongfreecashflowgenerationbackedbyresilientoilprices,gasEquityStrategistpricingreform,andcostcontrol.Ridingo...