MIdeaChinaEquityStrategy|AsiaPacific2Q24Pre-announcements:Betterthan4Q23YetStillNegativeMorganStanleyAsiaLimited+LauraWangEquityStrategistLaura.Wang@morganstanley.com+8522848-6853ChloeLiuEquityStrategistChloe.Liu1@morganstanley.com+8522848-5497CatherineChenEquityStrategistCatherine.Chen@morganstanley.com+8523963-4186Exhibit1:QuarterlyA-sharepre-announcementssince2Q18bynumberofstocks–withnetnegativeat4.6%11.3%6.4%6.3%0.6%0.4%(0.5%)7.3%(17.4%)(5.4%)(1.1%)6.3%16.3%14.8%5.3%6.1%4.2%(7.0%)5.3%(12.0%)2.1%(4.2%)2.7%(14.2%)2.2%(4.6%)-20-15-10-50510152025-2,000-1,500-1,000-50005001,0001,5002,0002,5002Q183Q184Q181Q192Q193Q194Q191Q202Q203Q204Q201Q212Q213Q214Q211Q222Q223Q224Q221Q232Q233Q234Q231Q242Q24#ofPositivealerts#ofNegativealerts#NetPositiveas%ofallA-sharelistedcompanies(RHS)Source:Wind,FactSet,MorganStanleyResearch.2Q24resultisbasedon1,650A-sharelistedcompanies'pre-announcementsasofJuly23,2024.Note:CSRC,ShanghaiandShenzhenStockExchangesnolongerrequirepre-announcementsfor1Qand3Q,effectivebeginning2022,sopre-announcementsissuedinthesetwoquartersmaynotbeasindicativeasbefore.2Q24A-sharepre-announcementsrecordednetnegative4.6%bynumberofcompanies.Reportingseasonalitysuggestsafurtherdelayforearningsgrowthreaccelerationamidsofteningmacroprintssincelate2Q.20stockstoownandeighttoavoidbasedonourscreening.2Q24A-sharepre-annou...
发表评论取消回复