Top China ADR Portal

China ADR stock research


Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 56

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 198

Goldman Likes China A Shares

E-mail Print PDF

new_year2 July 26, 2010 (Chinavestor) Goldman Sachs (NYSE:GS) said it remains "fundamentally positive" on China's Yuan-denomiated A shares despite a recent surge by the CSI 300 Index, citing fair valuations and other catalysts. The U.S.-based bank cited Chinese insurers as a way for investors to gain exposure to the A shares market.

Goldman (NYSE:GS) noted that while it does not expect Chinese monetary policy to ease in the near term, any news the market deems good on this front could be a positive catalyst. The CSI 300, tracking yuan-denominated shares on the Shanghai and Shenzhen exchanges, has surged 12% since this year’s low set on July 5, on speculation cooling economic growth and property-price gains will spur the government to ease its policy tightening, according to Bloomberg News.

Despite the recent bullish ways, Chinese stocks are still the worst performers in Asia this year. Goldman (NYSE:GS) says China's A shares currently trade 13 times estimated profits. The bank expects EPS growth of 29% this year and 22% in 2011.

Goldman named China Life Insurance (NYSE:LFC), China's largest insurance firm, and China Pacific Insurance (2601:HK) as preferred choices for investors considering A shares names.



If you like us, spread the word to the fellow investors on your favorite Social Bookmarking websites
Reddit! Del.icio.us! Mixx! Free and Open Source Software News Google! Live! Facebook! StumbleUpon! TwitThis Joomla Free PHP
 

!!! CHINAVESTOR.COM is for SALE !!!

BUY this domain with all its credentials. Chinavestor.com has been added to Google News and Finance since 2008! Huge web traffic upside potential! Website is optimized for Chinese stocks but can easily be tweaked. Contact Seller Here

sale1
G_news
Check out The Benefits of Getting into Google News!