0720 GMT - Some Chinese auto stocks remain attractive as the country was the only auto market which outperformed the global auto sector, thanks to robust electric-vehicle sales, DBS analysts write in a note. There could be some ongoing market volatility this year but DBS suggests investors take positions in key growth areas such as China and Japan. DBS forecasts China and Japan will outperform other major auto markets in terms of on-year sales growth. China will see some healthy growth drivers from an extended auto stimulus policy this year, they add. Among the stocks, DBS picks Geely and XPeng as sector top picks, thanks to their strong margins and sales growth potential. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
January 22, 2025 02:20 ET (07:20 GMT)
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