BI: Goldman Sachs: Everyone's wrong on China's 'fast and furious' stock-market collapse
Analyst Kinger Lau and his team think this "deleverage cycle" is two-thirds of the way through. Lau definitely doesn't think this is the start of a sustained slump for China in which artificially inflated values come crashing back to earth.The H-shares are still a better bargain.
That's a very different call than that of Citi, which said last week it thought only a quarter of leveraged investors had been forced out and markets had further to fall.
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