Singapore Stock Market News

China: still a waiting game

StockFanatic
Publish date: Tue, 02 Jul 2013, 10:32 AM
StockFanatic
0 10,452
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
Asia Pacific Equity Strategy - China

Tactically, the Chinese equity market looks appealing. However, economic fundamentals continue to weaken and the trajectory of improvement remains uncertain even if a bottom is near. Economic growth was slowing even before liquidity conditions began to tighten.

Higher leverage and lower capital efficiency amplify existing growth risks even if concerns over a financial sector crisis are overblown. Market composition (overweight capital heavy and inefficient SoEs) is a headwind for strong profit rebound and a structural growth downgrade is not yet reflected in lower profit share expectations.
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment