Goldman, Citi, Nomura See 20% Earnings Growth for Asia Stocks in 2021
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While Asia’s equity rally may be ending the year looking a tad stretched, a bright earnings outlook for 2021 is giving strategists all the more reason to stay upbeat.
No less a trio than Citigroup Inc., Goldman Sachs Group Inc. and Nomura Holdings Inc. have penciled in earnings growth of more than 20% for Asian shares next year. Citi and Nomura are joined by Societe Generale SA in expectations for between a 5% and 7% rise in the MSCI Asia ex-Japan Index, while Goldman sees a 9% jump in the Asia Pacific equivalent in 2021.