Bloomberg News

CSI 300 Index May Rise to 3,300 Over Next 12 Months, CLSA Says

October 17, 2011

Oct. 17 (Bloomberg) -- China’s CSI 300 Index may rally to 3,300 over the next 12 months, as low valuations lure investors and the government signals the end of monetary tightening, according to Manop Sangiambut, CLSA Asia-Pacific Markets’ head of China A-share research.

“I am on the positive side of Chinese stocks, mainly because of valuations and because we’re at the tail end of tightening policies,” Sangiambut said in an interview in Shanghai today. He favors Chinese brokerages, machinery companies and coal producers.

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