economy
Looking for attractive Asian stocks outside of AI? HSBC names 10 ‘forgotten gems’ for investors
HSBC picked out companies that have generated high return on equity, gained market share while remaining highly profitable and paying out strong dividends.
TL;DR
- AI stocks have dominated global markets, causing concentration risk, particularly in Asia.
- HSBC has identified 10 'forgotten gems' in Asia outside the AI theme.
- These companies exhibit high return on equity, market share gains, profitability, and strong dividends.
- Notable companies include Hong Kong Exchange, Samyang Foods, PT Telkom, Fuyao Glass Industry, WuXi AppTec, and Godrej Properties.
- Fuyao Glass is noted for its scale and market share in automotive glass.
- WuXi AppTec is expected to see significant growth in its CRDMO business.
- Godrej Properties is positioned for market share growth in Indian real estate.