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G Sachs Lifts 12Mth Target for CSI 300 to 4,900; M Stanley Warns of Signs of Overheating Mkt
Recommend 14 Positive 23 Negative 13 |
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Goldman Sachs revised up its 12-month target for the CSI 300 Index from 4,500 to 4,900. Despite short-term profit-taking pressures, the upward momentum remained underpinned. However, Morgan Stanley took a more cautious stance, warning that signs of an overheating market are emerging. It emphasized the need for quick follow-up on corporate fundamentals improvement and stronger policy support, considering these as the biggest hurdles to the sustainability of the stock market uptick, which still lies in fundamentals and long-term macro growth prospects. The CSI 300 Index finished up 0.58% at 4,489 at midday today (29th), grossing a gain of about 10.2% this month. Earlier this month, HSBC analysts predicted that the CSI 300 Index would rise to 4,600 by the end of the year, while JPMorgan also remained optimistic about a 24% upswing in the CSI 300 Index by the end of next year, in view of any pullback as a buying opportunity. AASTOCKS Financial News Website: www.aastocks.com |
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