Abstract: We analyzed the MSCI China Index EPS revision for June 2026. The index's 2026E EPS stood at ¥6.347 as of end-June, down -0.84% month-on-month from ¥6.401 in May. Breadth was negative, with 164 stocks revised up versus 182 revised down. On the upside, Meituan (3690 HK) contributed the largest EPS-driven index impact at +¥0.012, with its 2026E EPS revised up sharply by +80.6% (from -¥0.678 to -¥0.131), while Full Truck Alliance (YMM US) added +¥0.014 to index EPS primarily through weighting changes. Among individual upward revisions, KUNLUN TECH (300418 CH) led with +101% and XPENG (9868 HK) followed at +82.6%. On the downside, PDD Holdings (PDD US) was the largest detractor at -¥0.044 to index EPS, with its 2026E EPS cut by -3.3% (from ¥70.3 to ¥68.0), and Tencent (700 HK) subtracted -¥0.039 driven by a -0.1% EPS revision. The steepest individual EPS cuts were recorded at GCL Technology (3800 HK) at -91.6% and Meituan at -80.6%.
Legend Biotech, XPENG, AKESO, COSCO SHIP ENGY, MEITUAN, Fiberhome
Interested in the full report? Get in touch with our team.