Japan did it first. Chinese stocks with some of the biggest global upside

[Pelican Press 0]

Japan did it first. ******** stocks with some of the biggest global upside

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sales surged 65% year-on-year in April. “Anker is also the only domestic third-party supplier of smartphone peripherals certified by Apple, and its management includes

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veterans with expertise in building overseas sales channels,” the HSBC report said. Zhejiang Dingli — a Shanghai-listed manufacturer of cherry pickers and other lifts. “We believe Zhejiang Dingli will benefit from strong ***** lift sales growth, especially in the US market,” the HSBC report said. It added that a “positive result” from a U.S. Commerce Department anti-dumping duty review on May 1 could support Dingli’s ****** profit margin. The latest review found Dingli was selling its products to the U.S. at less of a discount than previously reported , allowing the company to enjoy a separate tariff rate than its peers. Snibe — Shenzhen-listed Shenzhen New Industries Biomedical Engineering, or Snibe for short, sells clinical laboratory instruments and substances for pharmaceutical testing. “Our healthcare analyst prefers Snibe given its overseas market sales momentum, and forecasts a 29% revenue CAGR in the overseas market during 2023-26, mainly supported by reagent sales and the higher instrument installations of medium- to large-sized models,” HSBC”s report said. Potential hit from tariffs To be sure, new U.S. and EU tariffs add uncertainty to how broadly ******** companies will be able to benefit from overseas markets. “The conversation in the U.S. has moved beyond being tough on China or worsening U.S.-China relations. I think the conversation has moved now more toward being tough on global trade or free trade,” David Chao, global market strategist, Asia Pacific (ex-Japan), at Invesco, said during a webinar Thursday. “Maybe trade between the U.S. and Asia, maybe the good old days are over, but that doesn’t mean that trade disappears,” he said, noting, for example, “we’re starting to see new trade routes between China and the Middle East.” The Association of Southeast ****** Nations, which includes Singapore and Indonesia, has in the past few years surpassed the ********* Union to become China’s largest trading partner by region. The U.S. ******** China’s largest trading partner on a single-country basis. HSBC analysts also pointed out that China still has room to increase its overseas direct investment — the current level relative to GDP is similar to that of Japan in 2012 and Germany in 1992, the report said. Investing in local factories and subsidiaries can help boost employment in other countries. — CNBC’s Michael Bloom contributed to this report.

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