Goldman said a time to increase again after a lapse of 9 months Chinese raised the stock rating-霍金hawking

Goldman Sachs said it took 9 months to raise its A shares, and again raised China’s stock rating and lowered the investment rating of Chinese stocks after 9 months. Goldman Sachs began to sing more than A shares. The United States on September 13th, Goldman’s chief Asia equity strategist Timothy Moe said in an interview: "although the long-term structural concerns, and credit expansion and overcapacity still exists, but in the short term, we believe that Chinese is a good and sustained upward transactions." Timothy Moe says that for investors, China is a very good market by the end of this year. The reason is: "the logical foundation of our thinking is cyclical, the economy will start to strong in the fourth quarter, the reason is the recently announced policy easing. Business profits will stabilize, the absolute value will not be much, but it will start to stabilize, valuations remain moderate." Goldman Sachs said that the international fund company’s reduction of China’s stock market, compared with the benchmark level of ten years, is close to the strongest level. At this point, it seems that the opening up is the opposite, and Goldman’s explanation of the rise in China’s stock rating seems to be in the same line. In a report released in September 12th, the agency pointed out that China’s stock market has lagged behind Japan’s Asia Pacific market in recent months, and other emerging markets. Not only that, the valuation of stocks also has a significant discount compared to the regional and global emerging markets". Because of this, Goldman Sachs’s rating on China’s stock has risen from "neutral" to "overweight"". The target price of the MSCI China Index also increased, rising from 60.5 to 70, equivalent to about 9% of the rising space. It should be noted that the MSCI China index does not only include the shares of China’s A share market, but also China’s B shares, Hongkong shares and H-share listed companies in mainland China listed in Hongkong. For specific investment strategies, Goldman Sachs recommends that investors seek index heavyweights, which will benefit when tracking the passive inflows of these indices into the market. In these stocks, Goldman Sachs is optimistic about technology stocks and ADRs, because the technology sector contributed most of the MSCI China Index in the year. In addition, Goldman Sachs believes that buying high yield stocks in Hongkong can make a profit. As the mainland and Hongkong banking stocks have been experiencing strong capital inflows, Goldman Sachs is more optimistic about mainland public stocks, Macao gambling stocks, and real estate sectors in Hongkong and the mainland. The mainland infrastructure beneficiary group is also considered a good investment theme by Goldman Sachs, but Goldman Sachs believes that the operating strategy is not clear, because the approval and implementation of infrastructure projects in the mainland often bring challenges. Goldman was given early on the growth of fixed assets investment sensitive stock list, including China iron (00390.HK), Longyuan Power (00916.HK) and Chinese Railway (01186.HK). Enter Sina Financial shares] discussion

高盛说增持A股时机到了 时隔9个月再度上调中国股票评级   下调中国股票的投资评级9个月之后,高盛开始唱多A股了。   美国时间9月13日,高盛首席亚洲股票策略师Timothy Moe在接受采访时这样说道:“虽然长期的结构性担忧,以及信贷扩张和产能过剩的情况仍然存在,但短期来看,我们认为中国是一个很好的而且持续向上的交易标的。”   Timothy Moe表示,对于投资者来说,在今年年底之前,中国都是一个非常好的市场。   理由是:“我们思考的逻辑基础是周期性,经济在第四季度将会开始转强,理由是近期宣布的宽松政策。企业盈利也会企稳,绝对值不会很多,但是会开始稳定下来,估值仍然保持中等。”   高盛称,目前国际基金公司对中国股票的减持力度,相比于十年来的基准水平,已经接近最强程度。此时提出加仓,似乎是在反其道而行之,而高盛对于上调中国股票评级的解释,似乎也正有此意。   该机构在一份9月12日发布的报告中指出,中国股市在近几个月的表现落后于除日本外的亚太区市场,以及其他新兴市场。不仅如此,股票的估值相比区域内和环球新兴市场来说,也有着“意味深长的折价”。   正因如此,高盛对中国股票的投资评级从“中性”上调至了“增持”。MSCI中国指数的目标价也随之提高,从60.5上调至70,相当于还有约9%的上涨空间。   需要留意的是,MSCI中国指数并不只包括中国A股市场的股票,还包括了中国B股、香港股票以及在香港上市的内地企业H股股票。   对于具体的投资策略,高盛建议投资者寻找指数权重股,当追踪这些指数的资金被动流入市场时,这些股票将会受益。在这些股票中,高盛对科技类中概股和美国存托凭证(ADRs)表示看好,理由是科技类板块贡献了MSCI中国指数年内的大部分涨幅。   此外,高盛也认为,买入香港的高收益股票可以获利。由于内地和香港的银行股已经出现了强劲的资金流入,高盛更看好内地公用股、澳门赌股以及香港和内地的房地产板块。   内地基建受惠股也被高盛视为一个不错的投资主题,但是高盛认为操作策略并不明确,因为内地基建项目的批准和执行常会带来挑战。高盛给出了前期对固定资产投资增长反应敏感的个股名单,包括中国中铁(00390.HK)、龙源电力(00916.HK)和中国铁建(01186.HK)。 进入【新浪财经股吧】讨论相关的主题文章: