Goldman Sachs report maintains "overweight" A-share recommendations

2019/11/07 08:51:30 Source: China Securities Journal 2019/11/07 08:51:30

A Goldman Sachs personage said at the "2019 Goldman Sachs China Media Small Meeting" on the 6th that China's economy stabilized in the fourth quarter. Top-level favorable policies are frequent, and the valuation of the A-share market is low. International investors are optimistic about investment opportunities in the Chinese market.

Goldman Sachs chief Asia-Pacific economist Dean Zhu said that China's economy will maintain stable growth, and China's GDP is expected to increase by 6.1% in 2019.

Liu Jinjin, chief equity strategist at Goldman Sachs Asia China, expects China's economy to stabilize in the fourth quarter. The Goldman Sachs report shows that the institution maintains the view of "overweight" A shares. In response to a question from the China Securities Journal reporter, Liu Jinjin said that based on the market bottom in 2018, there is little room for the current A-share valuation to be reduced, and the macroeconomic environment is still favorable.

(Article source: China Securities Journal)

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