S&P picks Hong Kong stocks to outperform

A handful of Hong Kong-listed stocks will outperform their global peers in the coming year, according to Standard & Poor's Equity Research, the South China Morning Post reported. Mainland companies like China Construction Bank, China Mengniu Dairy, Southern Airlines and Datang International Power Generation are among the Greater China stocks the company picked for its annual model global markets portfolio. S&P also chose Hong Kong-listed Henderson Land Development, Hutchison Telecommunications and China Oilfield Services. The only other company in the Greater China region that made the cut was Taiwan-based AU Optronics. The company said that besides Japan, Asia Pacific will continue to attract significant global inflows in 2007 with a forecast regionwide growth of 6.6%.