Goldman Sachs has released a report updating its list of confirmed buy stocks in the Asia-Pacific region. The bank plans to update its selected stocks in the Japanese and Chinese markets after the performance period. They have included Sumitomo Mitsui, Tokyo Electron (TDK), Advantest, Fujitsu, Contemporary Amperex Technology (300750.SZ), Sungrow Power Supply (300274.SZ), and Zijin (02899.HK); and have removed Beijing Roborock Technology (688169.SH), China Res Beer (00291.HK), Australian retailer Woolworths, AIA Group (01299.HK), South Korean KB Financial Group, SMC Corporation of Japan, Hyundai Motor Company of South Korea, Baosteel (600019.SH), Naura Technology Group (002371.SZ), and H World Group - S (01179.HK).

The bank mentioned that the newly included Zijin has strong execution capabilities and shows signs of stable growth and demand in the Chinese market. The company has a strong free cash flow generation, which improves its balance sheet.