Seek value in HK traditional sectors: Maybank KE
Most new economy stocks now trading at very high P/E ratios after recent rally
Add BT as a preferred sourceClaudia Tan HS
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Singapore
THE pandemic-driven rally had sent share prices of Hong Kong's new economy stocks soaring but it may be time for investors to seek value in traditional sectors including finance, consumer and Macau gaming as the Covid-19 virus comes under control, according to Maybank Kim Eng's portfolio strategist Sonija Li.
"After the recent climb up in the new economy stock share prices, most of them are trading at very high price-to-earnings (P/E) ratios," said Ms Li, addressing clients at the Maybank Kim Eng Retail Research online conference on Monday.
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