🇰🇷 GOLDMAN SACHS SEES 60% UPSIDE IN SOUTH KOREAN STOCKS Goldman Sachs cut its 12-month KOSPI target to 9,000 from 12,000, but still sees…
🇰🇷 GOLDMAN SACHS SEES 60% UPSIDE IN SOUTH KOREAN STOCKS
Goldman Sachs cut its 12-month KOSPI target to 9,000 from 12,000, but still sees over 60% upside.
The index has plunged 40% from its June peak, pushing forward valuations to just 4x earnings, despite record corporate profits.
The key takeaway: Goldman believes Korean equities are pricing in an excessively pessimistic outlook, particularly for semiconductors.