[ET Net News Agency, 8 July 2020] Morgan Stanley raised its June 2021 targets for Hang
Seng Index (HSI) to 28,000 (from 23,300), and HSCEI to 11,510 (from 9,670).
The research house said HSI will turn more consumption-driven, with less impetus from
financials, upon September index rebalancing.
Companies with Weighted Voting Rights structure and companies that have secondary
listings in Hong Kong are eligible for inclusion in the HSI and HSCEI once they meet the
other standard index inclusion requirements, with a 5% individual stock index weight cap
applied.
As a result, companies like Alibaba (09988), Meituan Dianping (03690), and Xiaomi (1810)
would be included in the HSI and HSCEI from September 2020. These index constituent
changes will boost the index level valuation and earnings growth trajectory to reflect the
high-growth nature of the newly added companies. (KL)
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09988 BABA-SW
Nominal 
67.900 -0.100 (-0.147%) Research Report
08/07/2020 18:01
{I-bank focus}Morgan lifts HSI & HSCEI to 28,000 & 11,510
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