Goldman Sachs names 22 HK stocks to its buy list on earnings optimism

Goldman Sachs has identified 22 Hong Kong-listed stocks it rates as "Buy" based on its proprietary Earnings Revision Leading Indicator (ERLI), signaling positive momentum for the selected companies.

"The Earnings Revision Leading Indicator helps us identify stocks with positive earnings estimate revisions, which often precede strong stock performance," the Goldman Sachs report stated.

The buy-rated list is diverse, featuring technology giants like Xiaomi and Lenovo, alongside major players in the resources sector such as PetroChina, Zijin Mining, and China Molybdenum. Other notable inclusions are Hua Hong Semiconductor, which saw its stock jump more than 10 percent, and industrial manufacturer Weichai Power. The full list of 22 companies is detailed in the table below.

Company	Ticker
Xiaomi-W	01810.HK
PetroChina	00857.HK
Zijin Mining	02899.HK
Techtronic Industries	00669.HK
Lenovo Group	00992.HK
China Molybdenum	03993.HK
Hua Hong Semiconductor	01347.HK
Weichai Power	02338.HK
Zhaojin Mining Industry	01818.HK
Jiangxi Copper	00358.HK
MMG Limited	01208.HK
JD Logistics	02618.HK
Swire A	00019.HK
AAC Technologies	02018.HK
China Coal Energy	01898.HK
Sinotruk	03808.HK
Anhui Conch Cement	00914.HK
CRRC Corporation Limited	01766.HK
GCL Technology Holdings Limited	03800.HK
China National Building Material	03323.HK
Haitian International	01882.HK

The release of this list suggests Goldman Sachs sees potential for upward earnings revisions and stock price appreciation in these specific names, even amid a complex global macroeconomic environment. Investors will be watching to see if these ERLI-based selections outperform the broader market in the coming months.

This article is for informational purposes only and does not constitute investment advice.