UBS Sees 20% Earnings Growth for MSCI China in 2023

The video discusses the mixed guidances from companies during China's earnings season, highlighting the challenges faced by the property sector and the potential for a 20% EPS growth driven by large companies. It explores the impact of consumer confidence and market dynamics, noting the struggles of SMEs and the potential for market recovery based on improving data points and easing geopolitical tensions.

What was the main reason for the significant downturn in the property sector's earnings?

• Provisioning and write-offs

• High industrial profit numbers

• Strong recovery post-reopening

• Increased consumer spending

What is the expected growth rate for EPS in MSCI China for the year?

• 10%

• 20%

• 30%

• 40%

Which group of companies is expected to drive the 20% EPS growth?

• Small and medium enterprises

• Consumer companies

• Large companies

• Property sector

What is the current investor sentiment regarding the market recovery?

• Pessimistic with low expectations

• Optimistic with high expectations

• Neutral with moderate expectations

• Uncertain with fluctuating expectations

What might need to ease for international investors to gain confidence in buying China again?

• Consumer spending

• Geopolitical tensions

• Industrial profit numbers

• Property sector downturn