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01 Feb 2010
Title: Outlook on the Asian equities Commentator: Nicholas Yeo Investment Manager - Asian Equities, Aberdeen International Fund Managers
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- Recovery in Asia has been very
much engineered by the governments and these governments for instance
China have said they will continue with these stimulus packages in 2010.
As such, in your opinion, what are the immediate threats to the soundness
of these economies?
- We know that domestic consumption contribution to China’s GDP has been relatively stable over the years. In your opinion, how long will it take before the government succeed in increasing domestic consumption contribution to the country’s GDP? - With respect to the property sector, in Hong Kong, officials voiced concerns about a double dip in 2010 because of the domestic real estate market and recently two major waterfront sites saw weakening sales, raising concern about a real estate bubble ready to pop. What is your view on that? - Some analysts mentioned that Beijing has engineered a property bubble characterized by oversupply in commercial real estate and unsustainable price gains for residential property. Do you think the Beijing should move in aggressively to cool the property market in 2010? - Many still believe in the China growth story. As such, which sectors in China should investors be watching out for? - Asian markets have had a stellar performance in 2009? Do you think the performance will repeat in 2010? Disclaimer: This commentary is intended for general circulation. It does not have regard to the specific investment objectives, financial situation and particular needs of any person who may receive this document. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person acting based on this information. Opinions expressed in these commentaries are subject to change without notice. Investments are subject to investment risks including the possible loss of the principal amount invested. The value of the units and the income from them may fall as well as rise. Past performance figures as well as any projection or forecast used in these commentaries are not necessarily indicative of future or likely performance. Phillip Securities Pte Ltd (PSPL), its directors, connected persons or employees may from time to time have an interest in the financial instruments mentioned in these commentaries. Investors may wish to seek advice from a financial adviser before investing. In the event that investors choose not to seek advice from a financial adviser, they should consider whether the investment is suitable for them. The information contained in these commentaries has been obtained from public sources which PSPL has no reason to believe are unreliable and any analysis, forecasts, projections, expectations and opinions (collectively the “Research”) contained in these commentaries are based on such information and are expressions of belief only. PSPL has not verified this information and no representation or warranty, express or implied, is made that such information or Research is accurate, complete or verified or should be relied upon as such. Any such information or Research contained in these commentaries are subject to change, and PSPL shall not have any responsibility to maintain the information or Research made available or to supply any corrections, updates or releases in connection therewith. In no event will PSPL be liable for any special, indirect, incidental or consequential damages which may be incurred from the use of the information or Research made available, even if it has been advised of the possibility of such damages. The companies and their employees mentioned in these commentaries cannot be held liable for any errors, inaccuracies and/or omissions howsoever caused. Any opinion or advice herein is made on a general basis and is subject to change without notice. The information provided in these commentaries may contain optimistic statements regarding future events or future financial performance of countries, markets or companies. You must make your own financial assessment of the relevance, accuracy and adequacy of the information provided in these commentaries. The views expressed by the commentator do not necessarily reflect the views of PSPL and its affiliated companies. PSPL and its affiliated companies take no responsibilities for the accuracy or completeness of the commentary by the commentator. |