Goldman Sachs says Japan is a 'bright spot' right now and reveals some top stocks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Goldman Sachs says one Japanese sector looks particularly good value, and its top picks include one stock on its conviction list.

Goldman Sachs is bullish on Japan right now and says banks in particular are seeing a "high level of interest" following rallies of around 30%.

" "We certainly think there is more upside from the current valuation," she added, compared to the 0.9 to 1 times price-to-book levels that Japanese banks were trading at in 2015 before the Bank of Japan's negative interest rate policy. A price-to-book ratio captures a firm's market capitalization levels against its book value. A ratio below one is generally viewed as a good investment by investors looking for value.

 

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 MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines