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 7235 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
Aesop's Parsley Seed Essentials - Your New Skincare Routine Favourites [4436-Views]
Standard Chartered Global Focus Q3 2021: Navigating a Vulnerable Recovery [4309-Views]
British-Born MG Motor Gains in Popularity during the first half of 2021 in the Middle East [3678-Views]
Herman Miller and Knoll Announce New Name: MillerKnoll [3579-Views]
Sunsets to Remember @ OSH with 50% off! [3579-Views]
You Know About the Diamond 4cs, but There Is Another ‘c' You Should Know About — Certifica... [3440-Views]
Samsung Announces Exclusive Odyssey G9 Curved offer for UAE Consumers through the Brand's ... [2997-Views]
Time with Michael Phelps [2919-Views]
Sony Middle East & Africa Introduces the New Interchangeable-Lens Camera Alpha ZV-E10 for ... [2915-Views]
FW 21 WEEKEND / MAX MARA [2862-Views]
Al Fardan Exchange Joins Forces With Empay's Contactless Ecosystem in Landmark Deal to Pro... [2825-Views]
MAX&Co. FW21 [2743-Views]
Back to the Office with CATRICE [2710-Views]
Dubai-Based King Group Hospitality Expands Portfolio that will Boost UAE's Dh55 bn Foodser... [2640-Views]
SEHA Introduces Specialized Saturday Clinics Across the Network [2530-Views]
ADU Welcomes more than 50 High School Students to the “ESTEDAD” Enrichment Bootcamps [2501-Views]
Zoho to make Zoho Invoice Free of Charge to Empower SMEs to Rebuild and Grow [2472-Views]
ABB to Present Sustainable Solutions at Dubai EXPO 2020 [2374-Views]
Jaguar Racing ‘Clones' Takeover Iconic London Underground Ahead of Heineken London E-prix [2341-Views]
Thought Series – The “True Knowing” and “Genuinely Being” Syndrome [2341-Views]
Live from BMW Welt: The Esports Industry Assembles Virtually at BMW Esports Boost – Premie... [2329-Views]
11th Edition of SIAL Middle East and Abu Dhabi International Date Palm Exhibition to begin... [2316-Views]
Empower Awards Construction Contract Worth AED 133 Million for its 32,000 RT District Cool... [2259-Views]
Emirates Integrated Telecommunications Company Reports Q2 2021 results [2120-Views]
Push Start! - OMEGA [2050-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories