Goldman Sachs Maintains KOSPI 12,000 Target for Next 12 Months, Expects 20% Upside on July 6

According to Goldman Sachs, on July 6, the bank released a research report maintaining its 12-month target for South Korea's KOSPI index at 12,000 points, implying over 20% upside from current levels. Goldman Sachs expects Korean enterprises to deliver 320% net profit growth in 2026, followed by 35% growth in 2027, driven by AI chip leaders like Samsung Electronics and SK Hynix expanding opportunities across energy, materials, and industrial sectors. The bank dismissed bubble concerns, noting that rising margin balances stem from leveraged ETF net value growth rather than new investor borrowing, with domestic household assets primarily allocated to real estate, cash, and foreign equities, leaving room for inflows into local stocks.
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