BANGKOK : Tisco Asset Management is offering its Tisco China Technology Equity Fund for long-term investment, pointing out that Chinese technology companies have more opportunities to grow due to global demand while the impact of the coronavirus outbreak on markets will be only"short term".
“The performance of Chinese technology firms are growing by leaps and bounds due to non-stop technology development and increasing consumer demand following global megatrends. “The interesting thing is all three companies are currently trading at a price below the average of the past five years, ” Saharat said.
“Tisco Asset Management foresees that the coronavirus outbreak in China, which caused global stock markets to drop, will have only a short-term impact. Therefore, it is an opportunity to buy stocks with good long-term growth, especially Chinese technology stocks, ” he advised.