H-Share index slightly higher and optimistic 13,200 points

The H-Share index, a narrow shock near the closing position yesterday, favoured a rebound after a low opening this morning, and is now up 3.03 points or 0.03% to 10940.88, a deal of HK $13.857 billion. Goldman Sachs issued a report saying it maintains a bullish outlook on the Chinese market, as the mainland's macroeconomic environment improves and global liquidity is plentiful, and the base target for the state-owned enterprise index is raised from 8,900 to 10,300 at the end of this year, with an optimistic target rising to 13,200.　　Because the market focus is on next year's earnings outlook and better market liquidity. In terms of industry and stocks, Goldman Sachs said it was bullish on bank stocks and consumer stocks, which were not cyclical, and the latter had a higher visibility. It is also suggested that selective collection of cyclical industries, including property stocks, construction materials and container shipping units, should be selected to benefit from better market conditions. It 00992-HK the Shimao property (00813-HK) and Lenovo to the assured list and 00902-hk Huaneng state power and Sino-Ocean Property (03377-HK) from the assured list.