Goldman Sachs Stays Cautious, Defensive Stance on Japan Equities -- Market Talk

Dow Jones10-29 10:57

0257 GMT - Goldman Sachs reiterates its "relatively cautious and defensive near-term" stance on Japanese equities, three members of its Japan strategy team say in a note. GS sees the positive effects of improving shareholder returns being mostly offset by risk factors including near-term political uncertainty in Japan likely caused by Sunday's election outcome. GS reiterates its end-2024 target for the Topix index of 2700 and maintains its "positive medium-term view on EPS growth outlook." GS forecasts Topix EPS growth at 10% in FY 2024, 6% in FY 2025 and 7% in FY 2026. The index is up 0.8% at 2679.32. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

October 28, 2024 22:57 ET (02:57 GMT)

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GS reiterates its end-2024 target for the Topix index of 2700 and maintains its \"positive medium-term view on EPS growth outlook.\" GS forecasts Topix EPS growth at 10% in FY 2024, 6% in FY 2025 and 7% in FY 2026. The index is up 0.8% at 2679.32. 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GS sees the positive effects ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">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":"LU2237443978.SGD","symbol_name":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2479151564","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479151564","pubTimestamp":1730170620,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0257 GMT - Goldman Sachs reiterates its \"relatively cautious and defensive near-term\" stance on Japanese equities, three members of its Japan strategy team say in a note. GS sees the positive effects of improving shareholder returns being mostly offset by risk factors including near-term political uncertainty in Japan likely caused by Sunday's election outcome. GS reiterates its end-2024 target for the Topix index of 2700 and maintains its \"positive medium-term view on EPS growth outlook.\" GS forecasts Topix EPS growth at 10% in FY 2024, 6% in FY 2025 and 7% in FY 2026. The index is up 0.8% at 2679.32. 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GS sees the positive effects of improving shareholder returns being mostly offset by risk factors including near-term political uncertainty in Japan likely caused by Sunday's election outcome. GS reiterates its end-2024 target for the Topix index of 2700 and maintains its \"positive medium-term view on EPS growth outlook.\" GS forecasts Topix EPS growth at 10% in FY 2024, 6% in FY 2025 and 7% in FY 2026. The index is up 0.8% at 2679.32. 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