Goldman Says Surging Chinese Stocks May Advance Another 20%

Bloomberg10-07

Chinese shares may advance another 15%-20%, Goldman saysHSBC, BlackRock have also turned more bullish on ChinaGoldman Sachs Group Inc. upgraded its call on Chinese stocks to overweight, as it joined a...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1130876919?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-07 11:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1130876919","market":"hk","top_or_hot":-1,"title":"Goldman Says Surging Chinese Stocks May Advance Another 20%","media":"Bloomberg","content":"<div>\n<p>Chinese shares may advance another 15%-20%, Goldman saysHSBC, BlackRock have also turned more bullish on ChinaGoldman Sachs Group Inc. upgraded its call on Chinese stocks to overweight, as it joined a...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-10-06/china-stock-skepticism-gets-louder-as-world-beating-run-extends?srnd=phx-latest\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Says Surging Chinese Stocks May Advance Another 20%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Says Surging Chinese Stocks May Advance Another 20%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-07 11:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-10-06/china-stock-skepticism-gets-louder-as-world-beating-run-extends?srnd=phx-latest><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chinese shares may advance another 15%-20%, Goldman saysHSBC, BlackRock have also turned more bullish on ChinaGoldman Sachs Group Inc. upgraded its call on Chinese stocks to overweight, as it joined a...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-10-06/china-stock-skepticism-gets-louder-as-world-beating-run-extends?srnd=phx-latest\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HSTECH","symbol_name":"恒生科技指数","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2024-10-06/china-stock-skepticism-gets-louder-as-world-beating-run-extends?srnd=phx-latest","article_id":"1130876919","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1130876919","pubTimestamp":1728270151,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Chinese shares may advance another 15%-20%, Goldman saysHSBC, BlackRock have also turned more bullish on ChinaGoldman Sachs Group Inc. upgraded its call on Chinese stocks to overweight, as it joined a","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"HSTECH":"恒生科技指数","DRAG":"中国龙ETF-Roundhill","HSI":"恒生指数","YINN":"三倍做多富时中国ETF-Direxion","000001.SH":"上证指数"},"translate_title":"高盛称飙升的中国股市可能再上涨20%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"000001.SH":1.1,"DRAG":1.1,"HSI":1.1,"HSTECH":1.1,"YINN":1.1},"content_text":"Chinese shares may advance another 15%-20%, Goldman saysHSBC, BlackRock have also turned more bullish on ChinaGoldman Sachs Group Inc. upgraded its call on Chinese stocks to overweight, as it joined a growing camp of optimists that are touting the positive impact of Beijing’s stimulus blitz.Gauges tracking the nation’s equities may rise another 15%-20% if authorities deliver on policy measures, strategists including Tim Moe wrote in a note dated Oct. 5. Valuations are still below the historical average, earnings may improve and global investors’ positioning remains light, they added.The recent stimulus announcements “have led the market to believe that policy makers have become more concerned about taking sufficient action to curtail left-tail growth risk,” the strategists wrote.Beijing’s stimulus bonanza has sparked a flurry of upgrades by Wall Street heavyweights including HSBC Holdings Plc and BlackRock Inc. as expectations grow that the once-beaten down stock market has finally turned a corner. The CSI 300 Index has rallied 27% from a low reached in September and traders will watch to see if it builds on its gains when onshore markets reopen on Tuesday after a holiday.Goldman lifted its target for the MSCI China Index and benchmark CSI 300 Index to 84 and 4,600 respectively, implying a total return of 15%-18% from current levels.Still, Goldman warned about potential challenges, including a weaker-than-expected fiscal stimulus push, profit taking, as well as the US elections and tariff risks.Goldman’s team downgraded Hong Kong-listed Chinese equities last November, citing modest earnings growth. Since then, the gauge has been largely range-bound until last month and rose as much as 2.7% on Monday.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":11,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1130876919"}