Citi adds Reliance Industries to Focus List

RIL added amongst Asian stocks in Citi’s BUY List.

Citi adds Reliance Industries to Focus List

Citi has revised and expanded its Asian Focus List from 13 to 18 stocks. This comprises six old names and 12 new.

Tencent, Ping An Insurance, Bank of China, DBS Group, Samsung Electronics, and LG Chem have been retained; and Sands China, CR Land, TSMC, Largan, Axis Bank, Reliance, Aurobindo, AmorePacific, Bangkok Bank, Ayala, Tenaga, and Astra Intl have been included.

Seven stocks exit the list — CSPC Pharma, Dalian Wanda, CK Hutchison, HDFC Bank, Lupin, Bank Rakyat, and Advanced Info.

The Citi’s Focus List Asia showcases its regional analysts’ strongest Buy ideas for the next 12 months, a time horizon in line with its fundamental rating system.

Liquidity, action ability and analyst insight — The focus list highlights liquid names in which investors can readily build positions. (Some strongly favoured Buy ideas with high upside potential are excluded because of a lack of trading volume.)