Asia Unhedged | MSCI China earnings growth forecast up to 13% from 10%
Onlookers watch from a harbour wall as the largest container ship in world. Photo: Reuters, Toby Melville
Onlookers watch from a harbour wall as the largest container ship in world. Photo: Reuters, Toby Melville
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MSCI China earnings growth forecast up to 13% from 10%

Goldman Sachs also raised MSCI Asia Pacific ex-Japan index to 495 from 475

March 13, 2017 10:08 PM (UTC+8)

Bloomberg reports via a Goldman Sachs note that MSCI China’s earnings growth estimate rose to 13% from 10%. The change comes on the back of increasing nominal growth, favorable flows, and policy stability coming out of China’s national legislative meetings. Other notable estimates include: US$54 billion southbound flows to Hong Kong from mainland China in 2017; mutual funds are 300 basis points underweight on China stocks; in the face of Fed tightening, as well as dollar gains or possible US trade barriers, Asian economies at or near peak momentum; MSCI Asia Pacific ex-Japan index up to 495 from 475; banks now overweight, IT hardware raised to marketweight; and software cut to marketweight, real estate to underweight.

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