News Formal

Goldman Sachs Updates Conviction List of Top Stocks in Asia Pacific

  • 📰 CNBC
  • ⏱ Reading Time:
  • 35 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 72%

Finance News

Goldman Sachs,Stocks,Asia Pacific

Goldman Sachs has refreshed its conviction list of top stocks in Asia Pacific this month, adding some names and removing others. The bank remains optimistic on the region, noting that it has a solid outlook this quarter.

"Five factors are likely to influence Asian market performance in 2Q: the start of a rate cutting cycle, led by the Fed; elections and geopolitics; 1Q earnings results; market-specific policy; and seasonality," the investment bank's analysts wrote in an April 7 note. Looking ahead, they expect the the MSCI Asia Pacific ex-Japan index to post earnings growth of 15% and 11% in 2024 and 2025 respectively.

India's power generation company — formerly the National Thermal Power Corporation — was another addition to Goldman's conviction list. Analyst Apoorva Bahadur says the company is set to benefit both from worsening power shortages and the renewable transition more broadly. states on its website that it has an installed capacity of over 75 gigawatts, and plans to raise this to 130 gigawatts by 2032. Bahadur believes its renewable business has the potential to "re-rate, with the company benefiting from decline in module prices, progress on new energy plans and potential monetization." Shares in the power generation player are nearly 104% over the last 12 months.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs Refreshes Top Picks in Asia PacificGoldman Sachs has updated its "conviction list" of top picks in Asia Pacific for March, adding and removing key stocks. The bank remains optimistic about the region's markets, which have recovered from January losses and are now trading flat year to date. Earnings and valuations are expected to drive share performance.
Source: CNBC - 🏆 12. / 72 Read more »

Goldman Sachs analysts say there’s still potential for more stock gainsIt’s been a bumpy road for the stock market this year, but investors aren’t complaining.
Source: cnnbrk - 🏆 393. / 55 Read more »

U.S. stocks have ‘limited upside' from here, says Goldman Sachs Asset ManagementU.S. stocks have “limited upside” from here and investors should be looking for better opportunities elsewhere, according to Goldman Sachs Asset…
Source: NBCLA - 🏆 319. / 59 Read more »