Index Rebalance

MS-China Index Earning Revision (Apr): KUNLUN TECH, ICBC, CCB, TENCENT, JD.COM, BOC, MEITUAN

30 Apr 2026 By Ke Yan, CFA
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Abstract: We analyzed the earnings revision of MSCI China (MS-China) index constituents for April 2026, estimating the index's 2026E EPS at 6.492 as of end-April, up 0.91% month-on-month from 6.434 in March, while the index itself rose 3.3% from 76.33 to 78.85. Individual stock EPS revisions contributed -0.0239 to index EPS changes, with 170 stocks revised up versus 259 revised down. The top positive contributors to index EPS were CCB (+0.023 to index EPS), Tencent (+0.019), ICBC (+0.014), JD.com (+0.0087), and BOC (+0.0074). Among individual stock EPS revisions, the largest month-on-month increases were Meituan (+1,469%), Chongqing Zhifei Biological Products (+513%), and Kunlun Tech (+222%), while the steepest declines were Xinjiang Daqo (-97.8%), Tongwei (-88.1%), and CICT Mobile Communication Technology (-77.8%).

GUANGZHOU AUTOMOBILE (601238 CH) ANHUI JIANGHUAI AUTOMOBILE (600418 CH) CICT MOBILE COMMUNICATION TECHNOLOGY (688387 CH) INGENIC SEMICONDUCTOR (300223 CH) CHINA EASTERN AIRLINES (600115 CH) KUNLUN TECH (300418 CH)

Highlighted Stocks

GUANGZHOU AUTOMOBILE, ANHUI JIANGHUAI AUTOMOBILE, CICT MOBILE COMMUNICATION TECHNOLOGY, INGENIC SEMICONDUCTOR, CHINA EASTERN AIRLINES, KUNLUN TECH

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