(Mar 4): Chinese stocks have had a great start to 2019, and it may not stop there.

The benchmark CSI 300 Index has risen 25% this year, outperforming all other major stock gauges. The offshore yuan has risen more than 2% versus the US dollar. And while Goldman Sachs Group Inc and JPMorgan Chase & Co say some sectors are fairly valued or even expensive, they also see China-related assets where further gains are likely.

“We see room for modest multiple expansion for China,” Goldman strategists led by Timothy Moe wrote in a note March 2. “We estimate an average 4% further upside in offshore equities if trade news improves further. For trade-related names, we see better value in the US-exposed China stocks than the regional exporters.”

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook