crashbandicootps3| Goldman Sachs: Raise MSCI China Index's 12-month target to 70 points, Shanghai and Shenzhen 300 target to 4100 points

Gelonghui May 20| Goldman Sachs issued a report sayingcrashbandicootps3, MSCI China Index since late Januarycrashbandicootps3The low level of the company has rebounded by 31%, rising by 19% in the past month, outperforming most developed and emerging markets. The main factors driving the upward trend include the resilience of the economy, macro policy support for the property market and capital markets, and comparison with the initial period of valuations, investor positions and confidence have been suppressed. The index P/E ratio is from 7crashbandicootps3.9 times increased to 10crashbandicootps3.5 times. According to the report, according to historical data, when the market rises by more than 20% and enters a technical bull market stage, there is a 60% chance that returns will increase, and the highest return in six months will average 35%. Whether the upward momentum of the mainland stock market can continue depends on policy implementation and Sino-US relations. The bank raised its 12-month target for the MSCI China Index from 60 points to 70 points, and the Shanghai and Shenzhen 300 Index from 3900 points to 4100 points. It maintained an "overweight" rating on mainland A-shares and maintained an "overweight" rating on TMT(technology, media, communications) The industry maintained an "overweight" rating, upgraded the developer and banking industry to "synchronized with the market", and downgraded the capital goods and automobile industry to "underweight".