Connect with us

archive

Goldman Sachs to Investors: China up by 19% in 2014

Goldman Sachs to Investors: China up by 19% in 2014 (YahooFinance)

Goldman Sachs’ analysts are projecting that Chinese stocks — as represented by the Hang Seng China Enterprises Index — will rise by 19 percent in the next year. This index tracks businesses listed on the Hong Kong exchange and available to foreigners for investment. This estimate flies in the face of recent performance as the Index, and Chinese equities as a whole, have underperformed over the last couple of years. So why the 180 degree turn in 2014? According to Goldman analyst Noah Weisberger, Asian-focused funds are “significantly underweight,” which “further suggests to us that very little China upside has been priced.” In other words, Goldman thinks economic growth and undervalued shares will propel the rally. Is that enough for you to drink from the Chinese font in 2014?

Newsletter Signup.

Sign up to the Human Events newsletter

Advertisement
Advertisement

TRENDING NOW:

Democracy Dies with Chinese Propaganda.

CULTURE

Brooklyn Bridge, 1890s Brooklyn Bridge, 1890s

The DNC Sold The Brooklyn Bridge To The FBI.

U.S. POLITICS

Trump Finds Agreement from People You Wouldn’t Expect.

U.S. POLITICS

A Muslim Brotherhood Terror Designation Could Backfire.

FOREIGN AFFAIRS

archive

Goldman Sachs to Investors: China up by 19% in 2014

Goldman Sachsâ?? analysts are projecting that Chinese stocks — as represented by the Hang Seng China Enterprises Index — will rise by 19 percent in the next year.

Goldman Sachs to Investors: China up by 19% in 2014 (YahooFinance)

Goldman Sachsâ?? analysts are projecting that Chinese stocks — as represented by the Hang Seng China Enterprises Index — will rise by 19 percent in the next year. This index tracks businesses listed on the Hong Kong exchange and available to foreigners for investment. This estimate flies in the face of recent performance as the Index, and Chinese equities as a whole, have underperformed over the last couple of years. So why the 180 degree turn in 2014? According to Goldman analyst Noah Weisberger, Asian-focused funds are â??significantly underweight,â?ť which â??further suggests to us that very little China upside has been priced.â?ť In other words, Goldman thinks economic growth and undervalued shares will propel the rally. Is that enough for you to drink from the Chinese font in 2014?

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

TRENDING NOW:

Democracy Dies with Chinese Propaganda.

CULTURE

Brooklyn Bridge, 1890s Brooklyn Bridge, 1890s

The DNC Sold The Brooklyn Bridge To The FBI.

U.S. POLITICS

Trump Finds Agreement from People You Wouldn’t Expect.

U.S. POLITICS

A Muslim Brotherhood Terror Designation Could Backfire.

FOREIGN AFFAIRS

Connect
Newsletter Signup.

Sign up to the Human Events newsletter