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CLSA Foresees Food Delivery Price War to Continue, Firms to Heighten AI Capital Expenditure
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Regarding the A-share market, CLSA's China strategist Shihao Li said that he believes external licensing will continue to be a catalyst for the pharma sector, while the insurance sector can benefit from the reallocation of residents' assets. As for the consumer industry, attention should be paid to companies with policy support and those expanding overseas. On the Chinese authorities' recent meetings with food delivery platforms to curb excessive competition, Li expects that the price war among food delivery platforms will persist as companies have to rely on low prices to attract customers. However, Li doesn't believe that companies' AI capital expenditure will decrease, as AI helps drive corporate revenue. Instead, the tailwinds in the AI industry will continue, and Chinese suppliers behind international AI leaders will benefit from the increased corporate AI capital expenditure. AAStocks Financial News |
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