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Xinyuan Real Estate Co., Ltd. Message Board

  • dannylct dannylct Mar 10, 2014 3:00 PM Flag

    A taste on today's Goldman Saks on China article

    Goldman Sachs Group Inc. is sticking with its recommendation to buy Chinese stocks, the biggest losers worldwide this year, after valuations fell to the lowest level in a decade versus global peers.
    “Given how share prices have corrected and given where the valuations are, from a risk-reward standpoint we still think we can make a positive case on Chinese equities,” Kinger Lau, a strategist at Goldman Sachs, said in an interview in Hong Kong on March 4. He predicts the Hang Seng China Enterprises Index (HSCEI) will climb to 12,000 in the next 12 months, a 24 percent advance from last week’s close, versus the brokerage’s December forecast for the measure to reach 13,600 by the end of 2014

3.40+0.05(+1.49%)Oct 8 4:06 PMEDT