Goldman Sachs adds these stocks to its 2024 APAC “conviction list” By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 03 2024
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Source: Investing.com
- Goldman Sachs APAC Conviction List: Goldman Sachs added five stocks from the Asia Pacific region to its favored stocks for 2024, including ANTA Sports, Hong Kong Exchange and Clearing, Thai Oil, Qantas Airways, and Elite Material Co.
- Stock Analysis: Anta Sports is expected to benefit from improving consumer demand, HKEX from improved earnings, Thai Oil from a clean fuel project, Qantas from valuation catch-up, and Elite Material from AI server market exposure.
- Stock Removals: GS removed HYBE, Mitsubishi UFJ Financial Group, and Shenzhou International Group Holdings from the conviction list due to underperformance.
- Reasons for Additions: The added stocks are projected to benefit from various factors like consumer demand, policy support, clean energy projects, recovery in earnings, and exposure to growing markets.
- Investment Outlook: Goldman Sachs expects these selected stocks to outperform and has Buy recommendations on them for potential shareholder returns.
Analyst Views on TOP
About TOP
TOP Financial Group Ltd, formerly Zhong Yang Financial Group Ltd, is a company mainly engaged in the online brokerage business. The Company is mainly engaged in the provision of futures brokerage services and other services such as stock brokerage, options brokerage, consulting services, currency exchange services, structured note subscriber services, margin financing services as well as others. The Company opreates its futures and stock brokerage business mainly through two trading platforms, Esunny for futures trading and 2Go for stock trading.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
