Goldman Sachs has refreshed its lists of top global stock picks for December by adding some and removing others. These stocks are featured in the investment bank's "Conviction List - Directors' Cut," a "curated and active" list of its buy-rated stocks. There have also plenty of additions to the Directors' Cut, including the following three stocks which Goldman gives over 40% upside potential over the next 12 months. KHI's share price has underperformed these two peers by 80% to 100% year-to-date, analyst Yuichiro Isayama noted. PetroChina Goldman is also bullish on Chinese oil and gas giant PetroChina .

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Persons: Goldman Sachs, Goldman, Novonesis, Georgina Fraser, Yuichiro Isayama, PetroChina Goldman, Nikhil Bhandari, Bhandari, — CNBC's Michael Bloom Organizations: Companies, Lenovo, Air Liquide, Nasdaq, Kawasaki Heavy Industries, Japan's Kawasaki Heavy Industries, Mitsubishi Heavy Industries, IHI Corporation, Tokyo Stock Exchange, Hong Kong, PetroChina, Shanghai Stock Exchanges, Pan, Matthews China Active Locations: New Zealand, Asia, Europe, Danish, Nasdaq Copenhagen, U.S, Hong Kong, Pan Asia