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The Zacks Analyst Blog Highlights: JinkoSolar, Hollysys, Woori and China Petroleum

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For Immediate Release

Chicago, IL –July 30, 2018 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include JinkoSolar (JKS - Free Report) , Hollysys Automation (HOLI - Free Report) , Woori Bank (WF - Free Report) and China Petroleum and Chemical (SNP - Free Report) .

Here are highlights from Friday’s Analyst Blog:

Asia’s Growth to Remain Steady Despite Trade War: 4 Picks

Per the latest report by the Asian Development Bank (ADB) on Jul 21, developing economies in Asia and the Pacific would continue to witness strong economic growth in 2018 and 2019. Growth in Asia is at full throttle and likely to remain so despite escalating trade war woes. Such stable growth has been the result of judicious policymaking practiced in Asian countries.

On the other hand, the ADB also published its strategic plan for Asia through 2030 which highlights the bank’s priorities toward meeting the changing needs of Asian countries. Under circumstances where growth would remain intact in the years to come and ADB could take a more proactive stance toward establishing sustainability within the Asian economy, betting on stocks from the region seems prudent.

ADB Vests its Confidence in Asia’s Growth

In its latest report, the ADB projected that Asia’s economy is set to grow 6% in 2018 and 5.9% in 2019. This is largely in line with its previous forecast in April. Further, if Asia’s newly industrialized economies are excluded, the growth forecast stands at 6.5% for 2018 and 6.4% for 2019.

China, the world’s second largest economy, is poised to grow 6.6% and 6.4% in 2018 and 2019, respectively. Further, East Asia would witness 6% growth in 2018 and 5.8% in 2019, on the back of steadily growing economies of Hong Kong, China and Taipei. On the other hand, growth in South Asia would be the fastest in the region.

The region’s growth would be led by India, which is on track to meet its fiscal year 2018 projection of 7.3% growth. This would further accelerate to 7.6% in 2019 buoyed by reformations in taxes as well as the country’s banking sector. Finally, growth in Southeast Asia would remain unchanged at 5.2% in 2018 and 2019.

ADB’s Strategy 2030

The latest strategy report published by the Manila-based bank emphasizes improvement in healthcare in the region. Historically, the bank has focused more on infrastructure spending in Asia but precarious healthcare conditions in poor countries like Mongolia and Uzbekistan have forced the bank to change its approach.

The ADB is adopting a more proactive stance in dealing with extreme poverty in the region by aligning its goals with global development agreements and frameworks, the likes of which include Sustainable Development Goals, the Paris Agreement on climate change, and the Sendai Framework for Disaster Risk Reduction.

The body also plans to streamline investments in climate change mitigation projects in accordance with the Paris accord. Over the next 12 years, the bank aims at increasing climate financing to about $7 billion a year.

4 Best Stocks

The most recent report by the ADB indicates that Asia would remain largely unaffected by impacts of the trade war. This is due to the fact that sagacious policymaking in Asian countries has enabled the economy to withstand global shocks. Further, in its next 12-year plan of action, the ADB is adopting a tougher stance to fight extreme poverty and climatic change in the region. This would lead to sustainable growth within Asia.

In this context, we have selected four Asian stocks that are expected to gain from these factors. These four stocks carry a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

JinkoSolar Holding Co., Ltd. is a designer and developer of photovoltaic products in China as well as across the globe.

The company is based out of Shangrao, China and sports a Zacks Rank #1. JinkoSolar has expected earnings growth of more than 100% for the current year. The Zacks Consensus Estimate for the current year has improved 74.5% over the past 60 days.

Hollysys Automation Technologies Ltd. is a provider of automation and control technologies and products.

The Zacks Rank #2 company based out of Beijing, China has expected earnings growth of 22.13% for the current year. The Zacks Consensus Estimate for the current year has improved almost 1% over the past 60 days.

Woori Bank Co., Ltd. is a provider of commercial banking products and services in South Korea.

The Zacks Rank #1 company based out of Seoul, South Korea has expected earnings growth of 31.11% for the current year. The Zacks Consensus Estimate for the current year has improved 7.3% over the past 60 days.

China Petroleum and Chemical Corp. is a joint-stock company focusing on its core business of petroleum and petrochemicals with integrated upstream, mid-stream and downstream operations and a complete marketing network.

The company is based out of Beijing and carries a Zacks Rank #1. China Petroleum has expected earnings growth of 77.92% for the current year. The Zacks Consensus Estimate for the current year has improved 10.5% over the past 60 days.

5 Medical Stocks to Buy Now

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release.

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