The Wall Street bank listed more than two dozen Chinese stocks including a raft of tech and chipmaking firms, in a research note published Thursday, saying they had attractive valuations and likely solid growth.
"May has historically been a tough month for Chinese stocks but we'd buy on any seasonal weakness," the analysts led by Kinger Lau stated. Goldman recommended both Chinese cyclicals — whose prices tend to move up and down with the economy — and growth stocks, which investors expect to do better than the wider market.
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