China shares: Goldman Sachs raised its 12-month CSI 300 Index goal to four,900 from four,500

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China shares: Goldman Sachs raised its 12-month CSI 300 Index goal to four,900 from four,500

Goldman cites:

  • supportive valuations
  • excessive single-digit revenue development
  • favorable positioning
  • uptrend has momentum
  • there are some profit-taking pressures
  • liquidity components and valuation enlargement—somewhat than cyclical fundamentals—are driving international fairness good points

This text was written by Aaron Cutchburt at investinglive.com.

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