'Really, really cheap': Pros name 4 under-the-radar stocks to play a China turnaround

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

One portfolio manager said the Chinese market has been 'a lot more fun this year.'

Declining foreign investment and a prolonged property slump are just some of the issues that have put pressure on the Chinese economy — and stock market. However, things could be about to turn around for the Asian powerhouse, which left behind months of deflation in February with a 0.7% year-on-year rise in consumer prices . Factory activity in China also expanded for a third-straight month in January.

So I actually think investors should be looking long-term at China again, it's definitely investable." He acknowledged some short-term risks, "because consumers are nervous about the economy still, they are going to be trading down." However, he said he expected spending within sectors including health and wellness to continue, picking footwear brands Salomon and Arc'teryx as having good exposure to the Chinese market.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités