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
A monthly review of consensus earnings revisions for MSCI China constituents. Each issue estimates how the index's forward EPS changed over the month, and tabulates the stocks with the largest impact on index EPS alongside their EPS and revenue revisions. All issues of Index Earnings Revision Monthly →
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