Dubai PR Network, Online Press Release from Dubai and Middle East
 
Health & Fitness(Healthcare & Medicine)
Filter PR by
  
China's Virus-hit Economy Shrinks for First Time in Decades - Comments From Aberdeen Standard Investments
 

Dubai, United Arab Emirates, April 18, 2020: 

 

Nicholas Yeo, Head of Equities - China at Aberdeen Standard Investments, comments:
“The contraction of the Chinese economy in the first quarter is no surprise and the magnitude was broadly in line with expectations.
 
“All eyes are now on how the Chinese economy recovers. The authorities have so far taken a targeted approach to stimulus and have yet to unleash the full power of fiscal and monetary might. But there is no doubt more will come, including tax cuts and exemptions as well as low cost loans.
 
“From a corporate perspective, companies  are starting to provide guidance on the guidance on negative impacts to their earnings due to the COVID-19 outbreak. Certain companies and sectors appear more vulnerable whether because of high debt levels, exposure to travel or disruption to their supply chains.
 
“Importantly, the customers and supply chains of domestically oriented companies are largely based in China, so the bulk of their revenues and costs are renminbi based. This should help keep them more insulated from the effects of the pandemic around the world as well as the ongoing trade dispute with the US.
 
“The balance sheet strength of the companies we invest in remains healthy and is an asset during times like this. As like elsewhere in the world, companies with large cash reserves, robust business models and good management should weather the current headwinds and prosper in the aftermath.
 
“The Chinese stock market will continue to be volatile for the foreseeable future, which is an opportunity for stock pickers. The MSCI China A Onshore index is trading at a trailing price-book ratio of 1.85 times, comfortably below its long-term average of 2.35 times.
 
“The significant impact of the crisis has not altered our long-term outlook for the economy and business. The country’s domestic growth story driven by a rising middle-income population will continue to power local company earnings. In time, China will likely overtake the US as the world’s largest economy.”

 


Posted by : Dubai PR Network Editorial Team
Viewed 4136 times
PR Category : Healthcare & Medicine
Posted on : Saturday, April 18, 2020  1:28:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : The UAE Joins “One World: Together at Home” Global Special t...
Next Story : The 10 Things You Should Never Forget to Disinfect with Ster...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Preparing for a New Post-pandemic Economic Era in Mena [4116-Views]
Code 11.59 by Audemars Piguet – New Tones of Elegance [3616-Views]
Panasonic Jaguar Racing Management Team Discuss Formula E's Return to Racing in Berlin [3407-Views]
Pandora ME for Every Side of You [3198-Views]
“CATRICE” Perfect Look for “Back to the Office” [2886-Views]
Parmigiani Fleurier Toric Fleur' [2628-Views]
Newest LG True Wireless Earbuds Self-clean, Sound Great With Meridian Audio [2358-Views]
Your Guide to Choosing the Right Face Mask [2337-Views]
Get Summer Ready With Magnitone London! [2132-Views]
Kristina Fidelskaya - An Escape, With 'La Pause' Spring / Summer 2020 Collection. [1960-Views]
Smash Summer Fitness Goals with 100 Workout Modes on the HONOR MagicWatch 2 [1931-Views]
Dubai Well Poised for Growth in New Business Entities' [1931-Views]
TishTash Eid Al-Adha Gift Guide 2020 [1927-Views]
Newly Launched HONOR 9A Offers Stunning Photography Anytime Anywhere [1919-Views]
District 2020 forms strategic partnerships with Dubai SME and MBRIF to support growth of U... [1906-Views]
Taste the Summer With Wild & the Moon's Latest Menu Drop! [1845-Views]
Nahdi Medical Company Transforms its Financial Management with Infor [1812-Views]
Comprehensive Study of Refugee Children's Academic, Social, and Emotional Learning Outcome... [1800-Views]
DHA Signs MoU with University of Sharjah [1763-Views]
Wonder Ingredients For Powerful Skincare [1763-Views]
Dubai Summer Surprises Best Buys - Springfield's Hottest Deals [1751-Views]
The New Season of Master Maserati Programme Gets Underway [1747-Views]
Marking International Day Against Drug Abuse: Mohap Provides Addiction Treatment and Rehab... [1730-Views]
Alstom at Forefront of Hygiene & Safety Innovation for Transport & Mobility in a COVID-19 ... [1677-Views]
UAE's First-Ever Fully Sponsored Flight to India [1669-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories