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| HSI1 | 24,642.51 | +132.42 | 177.48B |
| HSCEI1 | 8,216.84 | +51.06 | 51.28B |
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2026-09-28 16:59:45 Based on Morgan Stanley’s recent survey, growth prospects for China's advertising industry for this year and next remain bullish, though the magnitude is relatively limited, Morgan Stanley said in a research report. The broker forecast overall advertising budgets to grow only about 1-3% in 2H26, while revenue growth for the 10 listed platforms it tracks is forecast to hike about 5% in 2H, broadly similar to 1H. The broker assumed pressure to persist in 2H26, as fewer than half of listed companies in the consumer sector plan to increase spending. Industry confidence surveyed by the broker also fell from 6.3 in 2025 to 5.8. The broker assigned Overweight ratings to TENCENT (00700.HK), BABA-W (09988.HK) and MEITUAN-W (03690.HK), while BIDU-W (09888.HK) and Weibo Corporation (WB.US) were rated Underweight. KUAISHOU-W (01024.HK) was rated Equalweight. ~ AASTOCKS Financial News Website: www.aastocks.com | |