Goldman Sachs refreshed its conviction lists of global stocks — giving one 63% upside

Goldman Sachs refreshed its lists of top global stock picks for June by adding some and removing others. The stocks are captured in the investment bank's "Conviction List - Directors' Cut" and seeks to offer investors a "curated and active" list of 15 to 25 buy-rated stocks. The stocks are selected by a group designated by the bank's Investment Review Committee for each region.

Thai Oil Goldman also likes petroleum refining company Thai Oil thanks to its "strong cash flow generation," "declining capex intensity stronger earnings power." The bank's analyst Nikhil Bhandari highlighted that the company's Clean Fuel Project to generate sustainable fuel stands to generate a 45% increase in capacity and 40% EBITDA/bbl margin accretion. This will eventually translate to an EBITDA CAGR of 37% over 2024 to 2026, he added.

Source: News Formal (newsformal.com)

Smartetfs Asia Pacific Dividend Builder ETF Thai Oil PCL Thai Oil PCL PTT PCL PTT PCL Signify NV Signify NV Business News

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs: Stock splits are near-term positive for sharesGoldman Sachs: Stock splits are near-term positive for shares
Source: Investingcom - 🏆 450. / 53 Read more »

Goldman Sachs downplays the Nvidia stock split hype, sees little impactThe Wall Street firm found that most recent stock splits have not generated a significant increase in retail trading activity.
Source: CNBC - 🏆 12. / 72 Read more »

Goldman Sachs says buy this biotech stock with more than 60% upsideThe investment bank initiated coverage of the pharmaceuticals stock with a buy rating.
Source: CNBC - 🏆 12. / 72 Read more »

Goldman Sachs names global ‘alpha’ stock ideas — and gives one nearly 60% upsideGoldman Sachs' list of opportunities include stocks with 'deep value' and 'defensive growth' characteristics. Here are five of them.
Source: CNBC - 🏆 12. / 72 Read more »

TradFi Rushes In: Goldman Sachs Digital Assets Lead Matthew McDermott on the Institutional Embrace of TokenizationDaniel Kuhn is a deputy managing editor for Consensus Magazine. He owns minor amounts of BTC and ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »

Goldman Sachs partner Beth Hammack to succeed Mester as Cleveland Fed leaderThe central bank district announced Wednesday that Beth M. Hammack, 52, will take over when Loretta Mester steps down June 30.
Source: NBCNewYork - 🏆 270. / 63 Read more »