BUZZ-Brokers begin cherry picking in oversold China A shares

Tue Jun 30, 2015 1:14am EDT
 
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** Brokers start cherry picking in China A shares after recent slump

** Shanghai Shenzhen CSI 300 index is down 20.5 pct from its 52-week high hit on June 9

** Index shows signs on being oversold - 14-day RSI at 33.4; trades at lower Bollinger band

** Credit Suisse highlights Chongqing Changan Automobile and Zhengzhou Yutong Buz Co as great opportunity to accumulate after recent correction

** Nomura says it's time to prepare shopping list for China (bit.ly/1BPPaTd)

** HSBC's quantitative screens highlight opportunities in banks, healthcare, industrials, duty-free store, home appliance and cosmetics

** HSBC has "buy" rating on Gree Electric and Shanghai Jahwa among other stocks

(bit.ly/1Rvddsv) (RM: abhishek.vishnoi.thomsonreuters.com@reuters.net)