This week, the United States renewed its relationship companies associated with the Chinese military which is aimed at mitigating the risks associated with the transfer of sensitive technologies, the strengthening of China’s defenses, or the refusal to invest in them. A black list that Donald Trump started during his previous mandate, and it has already brought down companies like Huawei in the past. However, analyst firms support some of these listed companies despite being labeled as “military companies”.
Two giants of the Chinese stock market now see their names in this board: CATL, maker of batteries for cars like Tesla and associated with Stellantis, and conducting Tencent. A priori appearing on this list presents a problem for These are listed and already leaving 8% and 11% respectively per year on Wall Street (can be purchased with ADR deposits in dollars). Also, it could force him out of the portfolios of executives who don’t want to be associated with companies discredited by the United States. In the worst case – the example of Huawei, accused of espionage, which faced sanctions and trade restrictions with Donald Trump. But once you’re in, you can get out, as Xiaomi has achieved.
Several companies on this list have buy recommendations based on market consensus compiled by FactSet. Acknowledgment that inclusion on this list does not imply a deterioration in grades. In addition to Tencent and CATL; China Mobile, China Telecom and CNOOC Limited stand out among the best buying advice black list Trump among securities with a market capitalization of more than 30,000 million euros. And at a time when recent dips may present a buying opportunity.
In a country with large metropolises, access to mobile communications is still expanding to the most rural areas of the Asian giant. In this environment, the former state-owned China Mobile is today one of the world’s largest publicly traded phone companies. The company will close 2024 with gross operating profit (EBITDA) the record exceeds 45,000 million euros to change, according to the expectations of analyst firms, which will hit again this year.
Expanding its business-focused network will be key to its growth through 2026, according to investment bank CMS. “As the leader of the modern network of the mobile communications industry, China Mobile has access to a strategic, emerging industryinto the academic world and new areas of economic development, such as artificial intelligence or quantum technology. We strongly recommend buying based on earnings forecasts until 2026,” explained the firm’s fund manager, Liang Chengjia.

The same fate awaits China Telecom, which also faces sanctions restricting its operations in the US. In fact, the Biden administration launched an investigation last year to determine whether these companies would use access to US data through their online services and cloud storage to later send it to Beijing. He China Telecom’s potential exceeds 16% to a target price of €1.08, and China Mobile, which is up 17% to €87.5 for the title. There are brokers who offer to buy their shares in euros, and both companies are also listed on the Hong Kong Stock Exchange (Hong Kong dollars).
CNOOC (China National Offshore Oil Corporation) is the country’s oil and gas exploration giant and can be bought for Euros on the European stock exchange. Last year, they discovered a new gas field that can hold up to 100,000 million cubic meters of gas and offset the drop in oil prices that is affecting all listed companies in the sector. even so CNOOC reached its all-time high in July 2024 by 21.3 yuan (2.68 euros at the exchange rate), while European oil companies continued to fall.
A market consensus compiled by FactSet projects its gross operating profit to grow 17% in 2025, while suggesting a path ahead on the stock market of 18% to €2.79 per share. The company also distributes dividends which, at current prices, display a return of more than 7% before 2025. However, sanctions from the United States, so he recently sold his business in the US, redirecting his business to Asia.
Among the recent additions to the “Chinese Military Companies” group, Tencent and CATL stand out in terms of business volume and size (market capitalization). Both can still be bought on Wall Street. According to the latest results, Tencent gets most of its revenue from social networks, video platforms and video games. A company that was already on the threshold of entry black list in 2021, according to Donald Trump’s current threats, he is followed by more than 60 research and investment firms, according to FactSet. And 95% of them advise taking positions. The company has a target price of HK$514.6 (€66.13 if you want to buy with ADRs in the European stock market, although not all brokers offer this in European currency), so it offers the greatest potential among large companies in black list from the USA.
Amperex Technology (CATL) has already been under US scrutiny since early last year after Republicans asked to limit its imports, alleging the use of forced labor, Reuters reported last June. The company is one of the best car battery manufacturers in the world and delivers its cargo to companies such as Ford or Volkswagen, among others. The battery plant planned to be built in Aragon is owned by a join the enterprise CATL with Stellantis.
However, the restrictions that may apply to the company in the United States will have a limited impact on its accounts, as the Asian and European markets represent the geographies of greatest impact for the company. The black list does not prohibit Selling CATL to American companies. However, CATL’s U.S. expansion remains subject to long-term regulatory burdens, even as it explores technology licensing to mitigate risks,” the analyst said BloombergJoanna Chen. Experts consider the company’s potential to be 33% to the target price of 44.7 euros.